Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
Speaker 1: the Order Kerney Whalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money.
Speaker 2: She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the podcast
Speaker 4: for millennials who want financial freedom. Welcome back to another
Speaker 4: one of our very special money diaries where I get
Speaker 4: the absolute privilege of talking to one of our incredible
Speaker 4: She's on the Money community members all about their journey.
Speaker 4: Let's jump straight into it, because this week I got
Speaker 4: a message and it went a little bit like this.
Speaker 2: Hi, She's on the Money.
Speaker 4: I'm a vet student who is steadily growing my investments
Speaker 4: both shares and full legged, trying to save for rotations
Speaker 4: while my animals are trying to bankrupt me. I'm a
Speaker 4: third generation farmer who started listening to She's on the
Speaker 4: Money on a tractor and would love to share my
Speaker 4: story from beautiful rural Australia.
Speaker 2: Money Diarist, welcome, How are you?
Speaker 3: I'm well, thank you?
Speaker 4: Oh my gosh, I'm so excited to hear about your
Speaker 4: full legged investments like that is?
Speaker 2: I mean cool?
Speaker 4: I'm confused, but we will get there. Let's dive straight
Speaker 4: in though. Are you ready to do a podcast? Yes,
Speaker 4: I'm very excited.
Speaker 3: All right.
Speaker 4: As always, we start by asking what grade would you
Speaker 4: give your money habits on a scale from.
Speaker 2: Eighth to F.
Speaker 3: I'd probably say C C.
Speaker 2: All right, let's learn more about that.
Speaker 4: My actually favorite question of the entire show ever, is
Speaker 4: tell us a little bit more about your money story. So,
Speaker 4: Money Diarist, can you give us a little bit of
Speaker 4: a deep dive?
Speaker 1: So?
Speaker 3: Like I said, i am a third generation farmer from
Speaker 3: rural Australia, and I'm also currently our fourth year that student,
Speaker 3: halfway through or more than halfway through my degree now
Speaker 3: getting to the pointy end, and I've got twelve months
Speaker 3: left of classes before I head off for twelve months
Speaker 3: worth of rotations which are going to be probably a
Speaker 3: little bit expensive because we're not paid to do our rotations,
Speaker 3: so I've got to start saving between now and then.
Speaker 3: But that's sort of where my special four legged investments help.
Speaker 3: My parents. Well, my dad is primarily a farmer. My
Speaker 3: mum's actually also a teacher. Oh cool. Yeah, she works
Speaker 3: at the local tape in town. So dad likes to
Speaker 3: call her his diverse So she's a smart income smart man.
Speaker 3: And so for the first sort of ten years of
Speaker 3: my life, we were in quite a severe drought, so
Speaker 3: mum's income from being a teacher's sort of helped float
Speaker 3: the f a lot.
Speaker 2: Yeah wow.
Speaker 4: So yeah, and then if you don't come from a
Speaker 4: farming background, I think one of the riskiest things about
Speaker 4: farming is just how inconsistent income can be. Like income
Speaker 4: when you're farming can be really really good one year,
Speaker 4: and then you go through a drought for a few
Speaker 4: years and you're just not financially.
Speaker 2: Equipped for it.
Speaker 4: And that doesn't just impact like your lifestyle and you know,
Speaker 4: your ability to save and invest. It actually impacts the animals,
Speaker 4: It impacts your crops, It impacts the soil for the future,
Speaker 4: so's it impacts you know, being able to actually invest
Speaker 4: in more animals in the future. And it's just this
Speaker 4: very downward spiral, which is why the drought that happened
Speaker 4: more recently was so catastrophic. I suppose what happened coming
Speaker 4: out of that drought. Was that something that you know,
Speaker 4: really weighed heavily on your family or was it sort
Speaker 4: of okay, or is it something that you knew how
Speaker 4: to get through, Like I just want to know a
Speaker 4: little bit more about that.
Speaker 3: We're probably a little luckier than some other farmers just
Speaker 3: in where we're located. We're actually located on a creek
Speaker 3: that we can use to lift water and then irrigate.
Speaker 3: So we've got well, our farms seventeen thousand acres and
Speaker 3: about twelve hundred of those is flood irrigation. So if
Speaker 3: it wasn't raining and there's water in the creek and
Speaker 3: Dad's got a certain amount of percentage of allocation, you
Speaker 3: can then irrigate and at least have some form of
Speaker 3: food for the sheep and the cows and stuff. And
Speaker 3: where because where we live is always sort of there's
Speaker 3: drought years. It's just the ongoing cycle. It's either drought
Speaker 3: or it's good fodder conservation is a big part. So
Speaker 3: we've in the past made silage and then buried it
Speaker 3: with the hope of never seeing it again. But should
Speaker 3: it become necessary, we can always open it and then
Speaker 3: feed shit that. So, like I would have been twenty eighteen,
Speaker 3: I was doing my gap year, and that was quite
Speaker 3: a drought year for us, So I spent probably six
Speaker 3: months driving around in the feed trailer feeding out corn
Speaker 3: and loopins and favor beans to our use to just
Speaker 3: give them energy to keep on going. And then it
Speaker 3: did eventually rain, and it often eventually rained, so it's
Speaker 3: sort of just a waiting game of sticking it out
Speaker 3: for long enough. And you know, some people you can
Speaker 3: sort of like my grandfather, he's been living here for
Speaker 3: I think it's sixty sixty or seventy odd years now,
Speaker 3: so you know, he can sort of see the cycles,
Speaker 3: and Dad's the same. They can sort of say, oh,
Speaker 3: if it hasn't rained by this time of year, Like
Speaker 3: this year, up until probably two weeks ago, I was
Speaker 3: looking a bit dry and we're all a bit worried,
Speaker 3: And then we've had some which has made it a
Speaker 3: lot easier for us future planning. It's just always a
Speaker 3: continual cycle in the back of your mind, like do
Speaker 3: we need to lighten off numbers, sell some stock now
Speaker 3: and then, Like you say, it's so volatile the market.
Speaker 3: So the wall market and the sheep market and the
Speaker 3: cattle market at the moment are all sort of down
Speaker 3: from where they've been. But when Dad likes to say,
Speaker 3: when you think about it historically, it's still up from
Speaker 3: say ten or fifteen years ago. Yeah.
Speaker 2: Wow.
Speaker 4: I find that so interesting because I just having grown
Speaker 4: up in Tasmania and I did move over when I
Speaker 4: was relatively young, but having farmer grandparents, like I know
Speaker 4: a bit about it, but not necessarily enough about it,
Speaker 4: and I just find it so so interesting. I remember
Speaker 4: my mum telling me a bit about how she would
Speaker 4: get pocket money growing up living on a farm, and
Speaker 4: to me that was mind blowing because it's such a
Speaker 4: different way to get pocket money because I guess side
Speaker 4: story growing up, mum was allocated a whole paddock and
Speaker 4: she had to look after that paddock and look after
Speaker 4: the animals in that paddy and make sure they were
Speaker 4: fed and then take them off for sale, and that
Speaker 4: ended up being her profit and her pocket money for
Speaker 4: the year, right, And so that's very different to me
Speaker 4: doing the chores and emptying the dishwasher, right, So I
Speaker 4: want to know money, Direst. Don't really use your name,
Speaker 4: I'm sorry. I want to know how did you get
Speaker 4: pocket money growing up, if there was any, and how
Speaker 4: did you discuss money as a family.
Speaker 3: Pocket money growing up? I mean, probably didn't really have
Speaker 3: pocket money as such properly until we sort of went
Speaker 3: to boarding school. But it was just like from however
Speaker 3: old we were always or probably since we could walk,
Speaker 3: we were always outside on the farm. Like if mum
Speaker 3: was working, she'd throw me and my sister, we're pretty
Speaker 3: close in age, we'd go off with that and we'd
Speaker 3: sit in the front of you and go feeding sheep
Speaker 3: or just helping. And then you know, and you get
Speaker 3: a bit bigger. We're obviously doing all the jobs, feeding
Speaker 3: all the animals at home here, and then like helping
Speaker 3: with landmarking, helping with calf marking, helping just in the
Speaker 3: yards and stuff. And I suppose because I've been doing
Speaker 3: it for so long, I just that's just my life.
Speaker 3: I don't really see it as any different. But yeah,
Speaker 3: it's really just been helping out. And like now I'm
Speaker 3: a bit older. It's I almost say that UNI gets
Speaker 3: in the way of me helping at home, but I
Speaker 3: come home on most weekends if Mom and Dad need
Speaker 3: a hand around, and then all my holidays are sort
Speaker 3: of spent working at home on the farm.
Speaker 4: Amazing, All right, talk to me. The next question is
Speaker 4: what do you do for work and how much money.
Speaker 3: Do you earn? So all my work sort of casual
Speaker 3: work because the degree that I'm doing is so intensive
Speaker 3: that I don't really do any don't really have time
Speaker 3: for a job as on top of my studying in
Speaker 3: order to not fail any subjects and sort of delay
Speaker 3: my graduation. So yeah, in any of the holidays, all
Speaker 3: the small holidays, so like midsem and middle of the year,
Speaker 3: I come home and give mom and dad a hand
Speaker 3: at the farm. It's whatever we're doing. And Dad sort
Speaker 3: of just pays us a day rate, which is two
Speaker 3: and fifty dollars a day, so depending on how many
Speaker 3: days of work we do, we'll get paid. And then
Speaker 3: I do actually in the summer holidays because it's a
Speaker 3: bit longer. I've spent the last three years seeing on
Speaker 3: a chaser bin for harvest for a family friends, and
Speaker 3: that's a very intensive job. It's sort of big hours,
Speaker 3: sort of averaging a fourteen hour day for thirty dollars
Speaker 3: an hour, and then you sort of just keep going
Speaker 3: until you finish, or if there's a wet day, you
Speaker 3: might have that day off or stuff like that. And
Speaker 3: then I'm also fortunate enough, I well, it wasn't necessarily
Speaker 3: the choice, but I did two gap years, so I
Speaker 3: was able to be assessed as an independent when I
Speaker 3: went to UNI. So I've been receiving setlink for the
Speaker 3: entirety of my UNI degree, which.
Speaker 2: Is how did you swindle that one.
Speaker 3: I was always going to have one gap year, and
Speaker 3: I did that at home, and then I was sort
Speaker 3: of going to the end of the year and I
Speaker 3: was like, oh, someone mentioned to me that they were
Speaker 3: going to go work in a summer camp in America,
Speaker 3: and I was like, oh, that sounds like a really
Speaker 3: interesting idea.
Speaker 2: That's cool.
Speaker 3: So I hope lied for that and got that job.
Speaker 3: So I had two gap years, and then coming back,
Speaker 3: the accountant was like, well, you only needed to have
Speaker 3: worked for fourteen months full time, which I did before
Speaker 3: I went to America to be assessed, and I mean,
Speaker 3: stink did give me the run around as I often do,
Speaker 3: but we got there in the end, and yeah, I
Speaker 3: was able to be assessed as independent, which was great.
Speaker 4: That is so helpful, especially at UNI. I feel like
Speaker 4: it really helps you feel a lot more independent, like
Speaker 4: less reliant on parents and a little bit more freedom
Speaker 4: to actually spend time studying and you know, getting the
Speaker 4: degree that you want to get done done. And I
Speaker 4: mean at the end of the day, you're going to
Speaker 4: be a VET. So sorry money dirist, but you will
Speaker 4: be paying a fair amount of tax. So kind of
Speaker 4: what goes around comes around.
Speaker 3: Yeah, that's it.
Speaker 4: Yeah, absolutely, absolutely tell me a little bit more about
Speaker 4: I guess your annual income, So what do you think
Speaker 4: each year you're taking in and how much do you
Speaker 4: think you have to save to do all of these
Speaker 4: placements that are coming up.
Speaker 3: So I did look the other day and for this
Speaker 3: current financial year today, it's probably been my biggest financial
Speaker 3: year income wise for a long time.
Speaker 2: Oh a big dog energy.
Speaker 3: Yeah, and it's just sort of sitting just under the
Speaker 3: twenty thousand for that's just for like my harvest work
Speaker 3: and work at home and then obviously settl links around
Speaker 3: that eighteen you know, eighteen thousand, two hundred mark.
Speaker 2: So it's what thirty eight thousand, Yeah.
Speaker 3: So it's not too bad. And then in terms of
Speaker 3: the rotations twelve months of rotations, they sort of I
Speaker 3: think I've heard from this above that they tell you
Speaker 3: to sort of budget around one thousand dollars a week
Speaker 3: and it's a third three week what.
Speaker 2: A thousand dollars a week?
Speaker 4: Yeah, that you're meant to pay for accommodation to get
Speaker 4: a degree and you're not being paid for you rotations.
Speaker 4: I cannot, like, I know that obviously vets are the same,
Speaker 4: but the amount of friends that I have in nursing
Speaker 4: and Midwiffrey, it blows my mind that these placements are
Speaker 4: unpaid work when obviously, if you're a nurse, you are
Speaker 4: probably going to hear this and go, yeah.
Speaker 2: That's absolutely true.
Speaker 4: You're doing so much work that should be paid, like
Speaker 4: you're doing the work of somebody else. And in VET,
Speaker 4: I'm just going to make a stab in the dark
Speaker 4: and assume that you're probably doing even more because there's, like,
Speaker 4: let's be honest, slightly less risk because it's not human lives,
Speaker 4: but also there's less hands on deck, like you're not
Speaker 4: in a hospital, and I'm assuming money dirests. Given the
Speaker 4: information you've given us, you're probably going to be rural,
Speaker 4: so you're probably doing one on one. You're probably going
Speaker 4: to be functioning basically as a vet, right.
Speaker 3: Yeah, yeah, no, that's it. Like the last twelve months
Speaker 3: you basically send you out as a baby vet and
Speaker 3: you learned from everyone else and yes, doing surgeries and stuff.
Speaker 4: And you're not being paid for it. Like this blows
Speaker 4: my mind because there's such you know, you're doing really well.
Speaker 4: Thirty eight grand is such a nice amount of money,
Speaker 4: and you know, we'll get to what you're saving and
Speaker 4: what you're investing for the future and all of this.
Speaker 4: But there's such a privilege to being able to do that,
Speaker 4: Like there are so many people who would be listening
Speaker 4: to this and going, I would love to be a vet.
Speaker 4: I am so obsessed to live animals, Like I would
Speaker 4: you know, die to do that job, but I just
Speaker 4: can't afford to do the placements and the rotations. Like
Speaker 4: it breaks my heart that that's the case, because so
Speaker 4: many people would be so good, but they just can't
Speaker 4: make that sacrifice and the amount of planning that goes
Speaker 4: into you just doing it wild, Like it blows my mind.
Speaker 4: Have you got friends that maybe are in a similar
Speaker 4: position who might not be able to study what you're
Speaker 4: studying or take the rotations that you're taking. Is that
Speaker 4: a common thing in your I guess let's call it
Speaker 4: an industry or your study.
Speaker 3: I think the industry like even though we don't get paid,
Speaker 3: A lot of vet clinics because they like this is
Speaker 3: almost like the year where you sort of can tribe
Speaker 3: for you buy for your first job. There's obviously scholarships
Speaker 3: and stuff you can get to help with it.
Speaker 4: But they're not guaranteed, right, No, but a lot of
Speaker 4: vet clinics they'll either have accommodation for vet students or
Speaker 4: often like people who work in the vet clinic put
Speaker 4: up vet students or you know, you cause you can
Speaker 4: sort of pick some of your rotations.
Speaker 3: You can pick, you know, if you know you've got
Speaker 3: a friend of a friend or a family friend who
Speaker 3: lives there you can stay with for a few weeks.
Speaker 3: But yeah, definitely I reckon. Because my university is more
Speaker 3: of a rural university, we might have a lot of
Speaker 3: my friends like we're all sort of thinking about it
Speaker 3: now because we've got twelve months until then, Like, how
Speaker 3: can we make the most money, especially over summer, so
Speaker 3: that we can afford afford to go on rotations.
Speaker 4: Yeah, totally. Oh my gosh, it stresses me out thinking
Speaker 4: about it. And yeah, it just reminds me of the
Speaker 4: privilege that exists around study. Like it's not just around
Speaker 4: being able to pay for the actual units, it's like
Speaker 4: the time and the energy and the effort. And not
Speaker 4: to mention, you're from a farming family, so that time
Speaker 4: out of the farm as well is time that I mean,
Speaker 4: you're probably not being paid on the farm when you're
Speaker 4: hanging out with your parents doing some work, but like
Speaker 4: that's work that's not being done that your parents might
Speaker 4: actually have to replace at some point, and that can
Speaker 4: have further financial impact that I think not many people
Speaker 4: think about and it's very frustrating. But at the same time, again,
Speaker 4: I mean, they're probably going to be pretty happy to
Speaker 4: have a fully qualified VET on hand because like my
Speaker 4: friend farming vets, there's beeno.
Speaker 3: Yeah, no, dad's he says, I can't wait till you
Speaker 3: graduate so I never have to pay an absent for
Speaker 3: a VET bill.
Speaker 2: One hundred percent, Like that's exactly what I'd be doing.
Speaker 4: I'd be like, all right, money direst I am investing
Speaker 4: in your future so that I don't have to pay
Speaker 4: vet bills because that's expansive and running a farm.
Speaker 2: They're sick every second week, like there's something going on.
Speaker 4: Someone's hoof's upset, someone else is not eating, someone else
Speaker 4: is having a baby.
Speaker 2: Like everything is going on on a farm. Vets right in.
Speaker 3: Yeah, No, he's probably more excited than I am.
Speaker 2: I love it. I love it.
Speaker 4: At least he and I are on the same page.
Speaker 4: We can see the vision, we can see the investment
Speaker 4: that we're making today.
Speaker 2: All right, tell me a little bit more. I want
Speaker 2: to know.
Speaker 4: You're obviously saving for rotations, but what is your big
Speaker 4: money goal?
Speaker 2: What are you working towards.
Speaker 3: I'm a bit weird. I don't really have a big
Speaker 3: money goal. One thing that it's sort of sitting in
Speaker 3: the back of my mind talking to a few of
Speaker 3: the lecturers and stuff, is my university accreditation is slightly
Speaker 3: different to some of the other unis and it doesn't
Speaker 3: actually allow you to practice in North America. Oh once
Speaker 3: I graduate.
Speaker 2: So and is that a very big restriction for you
Speaker 2: at this point in time?
Speaker 3: No, it's not, But I have been like chatting with
Speaker 3: a few of the lecturers at UNI. Some of them
Speaker 3: have said, if you want to sit your North American
Speaker 3: exams straight after you graduate, because that's when you know
Speaker 3: the most because you've already been studying for your final exam.
Speaker 3: You've been cramming so and then once you sit it
Speaker 3: and if you pass, then you can work anywhere in
Speaker 3: the world. So it's sort of half in the back
Speaker 3: of my mind. I've got a brother who's moved over
Speaker 3: and is living in La and.
Speaker 4: Oh Okay, so there is a connection there. I was like,
Speaker 4: where are we going with this? Like, are you moving
Speaker 4: to the US? Is this like your pipe dream You're
Speaker 4: going to run away from farming life and you're going
Speaker 4: to live that big La life as a vet for
Speaker 4: tiny chuaurs.
Speaker 3: No, No, it's more of because I've been to America
Speaker 3: and I really enjoyed the countryside. It kind of be
Speaker 3: a bit of fun to go over there for a
Speaker 3: year or two. The option, Yeah, that's it.
Speaker 4: Financially, what does that mean for you? Like are the
Speaker 4: exams expensive? Do you have to go there to sit them?
Speaker 1: Like?
Speaker 2: What does that look like?
Speaker 3: They are expensive? I haven't looked it up exactly, but
Speaker 3: when talking to lectures. They said it's probably about fifteen
Speaker 3: thousand Australia just.
Speaker 2: To do the exams. Yeah, fifteen thousand dollars.
Speaker 3: Yeah, and I'm actually there's a local vet who's from
Speaker 3: France who's having to sit his Northern Australian Accretation to
Speaker 3: be licensed to work in Australia. Yeah, and he's he
Speaker 3: failed one exam and he's got to reseit it, and
Speaker 3: so you've got to pay to reset it again.
Speaker 2: No, what is it in Australia in comparison.
Speaker 3: I'm not even sure, But.
Speaker 2: That's not even a study.
Speaker 4: Like that's like worth what a unit's about five grand ish,
Speaker 4: give or take, depending on what university you're going to
Speaker 4: and what you're studying. That's three units just to sit
Speaker 4: an exam. Yeah, that's like a whole semester, nearly worth
Speaker 4: of money that is just going to be flushed down
Speaker 4: the drain so you can write on some paper and
Speaker 4: get an a credit.
Speaker 3: I can't.
Speaker 2: I can't. That's so expensive.
Speaker 3: Yeah.
Speaker 4: No, so your big money goal is to sit the
Speaker 4: North American Exam potentially.
Speaker 3: Yeah, potentially, failing that, I might buy a new horse
Speaker 3: or something instead.
Speaker 4: Yeah, like that's exactly what I was thinking. I was like,
Speaker 4: if I don't do the exams, I'm just going to
Speaker 4: buy a horse. Do you already have horses?
Speaker 3: We've got five horses at the moment, but they're a
Speaker 3: mix of bag got two that are sort of being
Speaker 3: able to have written and then an old retiree or
Speaker 3: two old retirees, and a miniature pony who's basically just
Speaker 3: a companion.
Speaker 2: Oh. I love old horses.
Speaker 4: I feel like they have so much attitude and then
Speaker 4: kind of already know. They're like, you're not going to
Speaker 4: ride me, You're just gonna feed me, and you're gonna
Speaker 4: pat me, and you're gonna brush me, and I'm going
Speaker 4: to live my best life. And also I'm going to
Speaker 4: have the attitude of a young horse.
Speaker 2: I love them.
Speaker 3: That sums up our thirty year old horse exactly. They know.
Speaker 2: It's like they're way smarter than we ever are.
Speaker 4: They're like, we've gained the system, We've gotten to this age,
Speaker 4: and now I'm going to live my best life.
Speaker 3: Mm hm, that's them.
Speaker 2: Horses are expensive, though.
Speaker 4: Is that something that you have to allocate in your
Speaker 4: personal budget or is that like a farm expense or
Speaker 4: how does that work?
Speaker 3: It's sort of between the two. If I want to
Speaker 3: go riding at events or anything that's personal. Same with
Speaker 3: any gear that I need to purchase, I sort of
Speaker 3: I kind of own well, I do own two of
Speaker 3: the five outright, and then the others are more of
Speaker 3: like a able to be well. They're stock horses, so
Speaker 3: part of the farm sort of we go fifty to fifty.
Speaker 3: But like a lot of the time farrier costs, which
Speaker 3: are every six six, six to eight weeks, it costs
Speaker 3: probably around the five hundred dollars.
Speaker 4: And is that for each horse or is that no,
Speaker 4: that's for all five, all five, so it's about one
Speaker 4: hundred dollars a horse every six to eight weeks. That's
Speaker 4: an expensive haircut. So for those of you following along,
Speaker 4: farrier costs where a farrier comes in and like cuts
Speaker 4: the horses nails and puts new shoes on and makes
Speaker 4: sure that they're all okay. They're kind of like, I
Speaker 4: don't know, a horsey pedicure.
Speaker 3: You would say, yeah, yeah, that's it.
Speaker 2: So five hundred bucks, that's so much money.
Speaker 3: And that's probably cheaper than a lot of other people pay.
Speaker 3: Costs very depending on where you are in the country,
Speaker 3: but it's not a cost that you can skimp on,
Speaker 3: because obviously horses are big animals and if their feet
Speaker 3: aren't right then they'll go lame.
Speaker 4: And yeah, no, absolutely, And you mentioned before you might
Speaker 4: buy a new horse. I'm just going to take a
Speaker 4: stab in the dark and make an assumption that most
Speaker 4: people listening to the show right now have no idea
Speaker 4: what a horse costs. So could you tell me how
Speaker 4: much does it cost to buy a new horse?
Speaker 3: Well, just for the horse itself, it really varies in
Speaker 3: depending on what you're looking for. You could get a
Speaker 3: horse for free, but often what you pay is what
Speaker 3: you get. I'd probably be wanting to buy a new
Speaker 3: stock horse, and at the moment, prices are a bit ridiculous, and.
Speaker 2: They kind of like use car prices at this point.
Speaker 2: That's relatable.
Speaker 3: Yeah, that's exactly it. They're probably for something that's not
Speaker 3: too old, had a bit of experience. Your sort of
Speaker 3: minimum would be ten ten thousand dollars.
Speaker 2: Ten grand.
Speaker 4: Yeah, and then they cost you five hundred bucks every
Speaker 4: six to eight weeks, or one hundred dollars, let's be honest,
Speaker 4: every six to eight weeks. And I'm assuming you don't
Speaker 4: have any adjustment costs. Because you keep them on your
Speaker 4: own property, right.
Speaker 3: No, I don't have any justment costs at home, but
Speaker 3: I do take one horse back to UNI with me.
Speaker 3: They go to UNI with you, Yeah, I take one
Speaker 3: to UNI with me.
Speaker 2: Yeah, that's really relatable. What does that cost you?
Speaker 3: That cost me for a single paddic, it's forty dollars
Speaker 3: a week.
Speaker 4: Forty dollars a week doesn't sound too bad. I mean
Speaker 4: it's cheaper than a gym membership at this point. But
Speaker 4: do they have to share their paddic with other horses,
Speaker 4: and like what kind of care and keep happens there?
Speaker 2: Like do you have to visit every day and feed them.
Speaker 3: Mine's a private paddock, so it's just my horse in
Speaker 3: the paddock. I do typically go out daily just to
Speaker 3: double check. I'm luckier than some in that we produce
Speaker 3: our own hay here, so if I need to take
Speaker 3: supplementary food over to care, I just take hay from home.
Speaker 3: But if I didn't have that option, you'd probably be
Speaker 3: looking at like a big round bowl of hay which
Speaker 3: might lost a horse a couple of weeks. That could
Speaker 3: be anywhere from sixty to one hundred dollars. So I'm
Speaker 3: very very in that being from a farm, it reduces
Speaker 3: the costs of my horses dramatically compared to people who
Speaker 3: aren't as fortunate, but there's still a very expensive.
Speaker 4: Habit they are and that's why I was like, all right,
Speaker 4: tell me a little bit more, because they are so
Speaker 4: expensive and it's one of those things that adds up
Speaker 4: all the time, and if you don't live on a farm,
Speaker 4: that cost can be astronomical. And I'm assuming money direst
Speaker 4: that because of where you're going to UNI, because you're
Speaker 4: going to UNI regionally as well, it's much cheaper. Whereas
Speaker 4: I've got friends and this is probably going to shock
Speaker 4: you who live closer to the city and they're paying
Speaker 4: five hundred dollars a week for a paddock close to
Speaker 4: them because they obviously, you know, they're inner city and
Speaker 4: they want to make sure that they can ride all
Speaker 4: the time. And I'm like that provily just showing my friend.
Speaker 3: Yeah no, that doesn't really surprise me at all, because yeah, well,
Speaker 3: my adjustment place is someone's farm around the town. With
Speaker 3: the UNI is they've taken advantage of a bit of
Speaker 3: land they weren't using and divide it up into horse
Speaker 3: paddocks and obviously because the UNI's there, you got influx
Speaker 3: of kids who've got horses, so it's a bit of
Speaker 3: extra income for the farmer.
Speaker 2: Absolute genius. I love that so much. All Right, let's
Speaker 2: get back on track.
Speaker 4: I've got a lot of questions for you, and we're
Speaker 4: going to get to them right after this break. All right, money, dirist,
Speaker 4: we are back, and I am loving this conversation. I
Speaker 4: feel like it's very educational, but it's also very wholesome,
Speaker 4: like it's very salt of the earth. I'm very excited
Speaker 4: to learn a lot more about you and your I
Speaker 4: guess journey.
Speaker 2: In your letter into.
Speaker 4: Us, you said that you are steadily growing your investments,
Speaker 4: both in shares and four legged investments. So my next
Speaker 4: question is what are your investments, how do they work
Speaker 4: and how do they walk?
Speaker 3: So I have a couple of shares accounts. I have
Speaker 3: one with Westpac that I've got about thousands dollars in,
Speaker 3: and then I also so open to Chazy's account this
Speaker 3: year just for that ease of the smaller transactions, whereas
Speaker 3: WESTPACX obviously limited to a five hundred dollars minimum buy.
Speaker 4: Yeah, that's hard, hey, especially as a UNI student on
Speaker 4: a lower incown. It's like, well that's not that common, guys.
Speaker 3: Yeah, no, I thought I loved the idea of, you know,
Speaker 3: investing with as little as a cent from chass.
Speaker 4: It's pretty sexy, isn't it? Just the idea, just like
Speaker 4: it's not even coffee money. It's less than coffee money,
Speaker 4: like the coffee I'm drinking right now. Five dollars fifty
Speaker 4: what an absolute raw? Do you know how many shares
Speaker 4: I could have bought?
Speaker 3: I know it's been awesome. I love chair Zya's for that.
Speaker 3: I also love I've set up so I've got about
Speaker 3: I think it's a checked this morning. It's worth nine
Speaker 3: hundred and eighty dollars at the moment, and I've set
Speaker 3: up a auto invest for ten dollars a week, which
Speaker 3: is I've give it up into be I think it's
Speaker 3: a dollar per ten shares that I've gotten there, and
Speaker 3: they're mostly dividend shares.
Speaker 4: I love this so much because you just told me
Speaker 4: that you have a Westpac investment platform right and there's
Speaker 4: a thousand dollars on there right now, which means you've
Speaker 4: probably invested let's say twice, or you've done like one
Speaker 4: big lot, right. But you said, oh, I went to
Speaker 4: chare Z's because I couldn't afford the west Pack. But
Speaker 4: you've basically got the same amount on Chaz's as you
Speaker 4: do on west Pack, because I'm assuming you didn't realize
Speaker 4: how quickly things would add up and from little things,
Speaker 4: big things really do grow. So it's basically going to
Speaker 4: overtake what your west Pack is if you keep doing
Speaker 4: that all to invest of ten dollars a week, right,
Speaker 4: and it just feels so much more, I guess, palatable
Speaker 4: and easy to invest. So I'm making a grand assumption
Speaker 4: here that your Chares's account is going to overtake your
Speaker 4: west Pack account, and then it won't make a lot
Speaker 4: of sense to invest at a five hundred dollars minimum,
Speaker 4: because you're like, well, I've got the same things on
Speaker 4: both platforms.
Speaker 3: Yeah, no, it is. I used to look at west
Speaker 3: Pack a fair bit, but now I sort of almost
Speaker 3: giving it flick at the minute. I'm focusing on Chazas
Speaker 3: because yeah, it's just exciting watching it.
Speaker 2: Grow and the platform.
Speaker 4: I mean, I obviously work with them, so I'm quite
Speaker 4: you could say bias, but I also invest on chaseeas
Speaker 4: I just feel like it's so aesthetic like it looks cute.
Speaker 4: I feel like a pro investor. That's like aesthetic. At
Speaker 4: the same time, it's ten out of.
Speaker 2: Ten from me.
Speaker 4: Anyway, what else do you invest in? Because I know
Speaker 4: it's not just Westpac in chairs, eas, I do.
Speaker 3: Have about almost ten thousand dollars in my super at
Speaker 3: the moment.
Speaker 4: Oh what, that's so good for your age, and so
Speaker 4: good for the fact that you've worked internationally and haven't
Speaker 4: really worked let's say, like full proper jobs. You could
Speaker 4: say you've been doing a lot of farm work, which
Speaker 4: often is a little bit cash in hand, a little
Speaker 4: bit on the side.
Speaker 2: How good's that ten grand? How have you managed that?
Speaker 3: I don't actually know. I suppose it was probably most
Speaker 3: of it's been kicked in from the eighteen months of
Speaker 3: my first gap years I worked full time at home. Yeah,
Speaker 3: and then obviously I do guess a fair chunk that
Speaker 3: goes in when I work with Dad every year and
Speaker 3: then harvest as well. So it's just been exciting to
Speaker 3: watch that grow.
Speaker 2: How good?
Speaker 4: And is that something that you have had an eye
Speaker 4: on or is that something where you're like, oh, I
Speaker 4: just know I've got ten grand in there. Have you
Speaker 4: actively chosen your super account and what's going on there
Speaker 4: or is that just something that's just kind of like.
Speaker 3: Rolled on well up until recently, it was something I
Speaker 3: just signed up for a while ago. But this year,
Speaker 3: chatting with an aunt of mine who's been a bit
Speaker 3: excited about talking investments with me, I love her. Yeah, no,
Speaker 3: I love her too. I've actively changed it this year
Speaker 3: to the lowest fees still with a growth seventy five
Speaker 3: percent growth account through host plus, So trying to minimize
Speaker 3: costs and maximize growth.
Speaker 4: Of How smart? All right, four Legged investments? Tell me
Speaker 4: a bit more about how that works. Are you trying
Speaker 4: to tell me that you are classifying your horses in investments?
Speaker 3: No?
Speaker 4: No, I mean they're not, because they're costing you five
Speaker 4: hundred dollars every six to eight weeks, and I mean
Speaker 4: they might increase in value, but you'd have to sell them.
Speaker 4: And judging by the look on your face when you
Speaker 4: were telling me about your horses, I don't think they're
Speaker 4: going anywhere, my friend.
Speaker 3: No, No, they're definitely a cost rather than an asset. No,
Speaker 3: my four legged investments are actually my cows, which I
Speaker 3: have fifteen of currently.
Speaker 4: How does that work? Did you buy the cows? Did
Speaker 4: you get given the cows? Like, what's the process as
Speaker 4: somebody who has never owned a cow as an investment.
Speaker 3: So in my first gap year twenty eighteen, it was
Speaker 3: a draft iss year, and just by chance, when our
Speaker 3: cows were carving, there was one calf that none of
Speaker 3: the cows wanted. We didn't know if she was a
Speaker 3: twin or if her mother had just rejected her.
Speaker 2: Oh you just found her out in the paddic all alone.
Speaker 3: Yeah, my grandparents found her and was sort of like, oh,
Speaker 3: we don't actually know whose mum she is. Oh ba,
Speaker 3: I was gifted her by my grandparents because she was
Speaker 3: out of one of my grandparents' cows to raise as
Speaker 3: a potty calf. And then a couple of weeks later,
Speaker 3: another coward calve, but the coward died, so the calf
Speaker 3: was without a mum, so I got her as well.
Speaker 2: So now we were at two cows.
Speaker 3: Two cows. And then a couple months later neighbors who
Speaker 3: were selling some cows who had just happened to have carved,
Speaker 3: but they weren't going to sell the calves. He rang
Speaker 3: me and was like, hey, I've got a calf here
Speaker 3: for you so I told him I wouldn't mind one
Speaker 3: of his. So I got another calf for the price
Speaker 3: of a.
Speaker 2: Rum slab for Oh, that's a pretty good deal, it is, So.
Speaker 3: That's like eighty bucks or something, and then the other
Speaker 3: two for free, and then obviously raised those three. And
Speaker 3: then because they were all females, they were whatever age
Speaker 3: they were ready to be joined, we're joined. And every
Speaker 3: year since then they've all had a calf for me,
Speaker 3: which is pretty exciting.
Speaker 2: Oh my gosh, have you've just been multiplying your little car.
Speaker 3: Yeah, that's it. And so if we have a girl
Speaker 3: who have a heafer calf, she stays here and has
Speaker 3: bred when she's old enough. But if they've had boyclves,
Speaker 3: they all get sold to the feed lot. So I'm
Speaker 3: at fifteen now, which is five adult cows with five
Speaker 3: calves at foot, and then five sort of teenager winner cows,
Speaker 3: four of which are heifers, and one is a steer
Speaker 3: who's actually due to be trucked out tomorrow, so that'll
Speaker 3: be a bit of money in the bank. But everyone
Speaker 3: else is will be nine joined this year for so
Speaker 3: potentially nine more calves born next year, so it's sort
Speaker 3: of growing itself.
Speaker 2: Oh my gosh, they're multiplying.
Speaker 4: So tell me a bit more about the financials of this,
Speaker 4: because I think farming is really important to have a
Speaker 4: bit more transparency around, because I feel like a lot
Speaker 4: of it is lacking, and I feel like a lot
Speaker 4: of people are going to be confused and go by Victoria.
Speaker 2: You're a vegan, you don't eat.
Speaker 4: Meat and I don't, but I fully believe in good
Speaker 4: farming and making sure that the animal is respected. And
Speaker 4: while I might not eat it, this is people's livelihood
Speaker 4: and we aren't going to be talking about I guess
Speaker 4: whether you would or wouldn't, Like, I'm not against it
Speaker 4: by any stretch of the imagination. So I want to
Speaker 4: know what does it cost to raise a caulf? And
Speaker 4: then obviously, if it's a girl, it stays with you
Speaker 4: and then it grows into I guess a cow that
Speaker 4: can produce more calves.
Speaker 2: But if it's a boy, it gets sold off. What's
Speaker 2: that cost? What are we making here?
Speaker 3: Like?
Speaker 4: What type of investment returns have we got? Should like
Speaker 4: we be at cheese on the money, start considering cows
Speaker 4: as an investment asset.
Speaker 3: Well, the first, the original three probably were the most
Speaker 3: expensive in terms.
Speaker 2: And they were all girls, weren't they.
Speaker 3: Yeah, all girls. They were probably the most expensive because
Speaker 3: they were orphans. We were feeding them milk repliser for
Speaker 3: the first couple of months, and that stuff isn't particularly cheap.
Speaker 3: It's around I think one hundred to two hundred dollars
Speaker 3: for a twenty kilo bag. Yeah, sort of only lasts
Speaker 3: Oh no, a week maybe or two, it's been so
Speaker 3: long and can't remember.
Speaker 4: But this is going to sound really dumb, really really dumb.
Speaker 4: Why are we buying milk replace I can't they just
Speaker 4: drink milk? Can't we buy milk?
Speaker 1: Like?
Speaker 2: Is that an option?
Speaker 3: Not? Really? Sort of got to feed the milk place.
Speaker 3: It's got all you know, proteins in facts that are
Speaker 3: very similar to what they would have been getting. Okay,
Speaker 3: our own.
Speaker 2: Mother, I told you it was a dumb question.
Speaker 3: And because obviously it's nice and warm when I make
Speaker 3: it up, make it up with warm water for them,
Speaker 3: So it's a luxury.
Speaker 2: Oh so they're spoiled.
Speaker 3: Yeah, that's it. That's why pottycas love whoever's raising them.
Speaker 4: Yeah, because they're getting the good stuff. They know what's up.
Speaker 4: They're not silly.
Speaker 3: Yeah, No, it's not silly, so probably to raise those
Speaker 3: three might have been my time. We wean them off.
Speaker 3: The milk could have cost up to two sort of
Speaker 3: twelve hundred dollars.
Speaker 2: Oh my gosh, that's so much money.
Speaker 3: But factoring in that they were all females, we sort
Speaker 3: of an average price you get for a steer who
Speaker 3: we sell to the feed lots. We sell ours into
Speaker 3: a it's a specialty program for short horned cattle, which
Speaker 3: are the breed that we have, and they're sort of
Speaker 3: branded their end products, like the steak and stuff is
Speaker 3: branded with a special like thousand guineas program, which basically
Speaker 3: says that it's of a certain quality. So we're probably
Speaker 3: getting a slight premium.
Speaker 4: Yeah, because they grew up on milk replacer. They're no
Speaker 4: little cows.
Speaker 3: Yeah, so obviously the price fluctuates, but i'd say on
Speaker 3: average for maybe a three hundred kilo steer, which is
Speaker 3: sort of three hundred and fifty kilo steer, which is
Speaker 3: the weights that we're sort of sending them off at,
Speaker 3: it could be depending on the year, between one thousand
Speaker 3: to fifteen hundred dollars for a steer, but al my steers,
Speaker 3: if they've come from mum. Don't cost me a great
Speaker 3: deal in terms of productions. It's just sort of management
Speaker 3: costs that go in, so vaccination and drench which might
Speaker 3: be roughly maybe thirty dollars ahead.
Speaker 2: Oh okay, that's not too bad.
Speaker 4: And I mean you obviously already have this setup, so
Speaker 4: this isn't something that that's normal people can do, Like
Speaker 4: you've already got the paddock, you've already got like a
Speaker 4: farm y. It's all good to go from there. And
Speaker 4: this is, yeah, obviously an absolute privilege. But I find
Speaker 4: it so interesting to know the difference between genders. Is
Speaker 4: that normal? So is that what everybody else does? Like,
Speaker 4: if we are eating steak, is it very likely to
Speaker 4: be male as opposed to female because females are kept
Speaker 4: to breed?
Speaker 3: Yeah, it actually is.
Speaker 4: And the feed lots want the males for sort of
Speaker 4: growth rates and I'm assuming they're bigger, right, Yeah, bigger,
Speaker 4: grow a bit faster, and you actually get premium for
Speaker 4: male carcasses when they go through like an avatar or something.
Speaker 3: Yeah, I don't really want females.
Speaker 2: Oh, so, like the gender gap exists even in the
Speaker 2: farming world. Interesting, it's it.
Speaker 4: I'm just rallying for everybody now, not just the two
Speaker 4: leg good friends. I'm also rallying for our four leg
Speaker 4: good friends.
Speaker 3: But yeah, I'd rather be a female.
Speaker 2: Yeah.
Speaker 3: Same.
Speaker 4: I want to know next, do you have any debts?
Speaker 4: If so, what are they.
Speaker 3: My only debt is my HEX debt, which is quite substantial.
Speaker 3: At the moment, it's sitting at around after indexation the
Speaker 3: other day, it's almost thirty nine thousand.
Speaker 4: And what did you think about indexation? Obviously it's a
Speaker 4: bit of a shock to be told. Alright, Hex and
Speaker 4: healthdats are going to be indexed at seven point one percent.
Speaker 4: What was your thought pattern around that, because at the
Speaker 4: end of the day, thirty nine thousand dollars is basically
Speaker 4: your entire annual salary.
Speaker 3: Yeah, I mean it's obviously not ideal, Like I think
Speaker 3: ours went up by almost two and a half thousand
Speaker 3: dollars it was the indexation. But for me at this
Speaker 3: point of my life, I don't see that help debt
Speaker 3: as being such a bad thing because I know I
Speaker 3: will find a job once I graduate and I will
Speaker 3: start paying it off. Obviously i'd prefer it not to
Speaker 3: be so high, but probably fortunate in that position that
Speaker 3: I'm in an industry where they're currently is a shortage
Speaker 3: of vets, so I'll be able to find a job
Speaker 3: and negotiate a pretty good, you know, starting salary because
Speaker 3: people just need vets.
Speaker 2: What kind of salary do you expect that to be?
Speaker 3: Well, just looking around at the moment at a lot
Speaker 3: of new grad jobs that are sort of being offered
Speaker 3: at the moment, I think a lot of them are
Speaker 3: starting at that seventy thousand dollars a year upwards, depending
Speaker 3: But you know, if they can't offer you a great salary,
Speaker 3: like well, if they've got a certain salary cap, a
Speaker 3: lot of them have you know, extra like you know,
Speaker 3: a work vehicle or even some might have accommodation and
Speaker 3: stuff like that that can sweeten the deal.
Speaker 2: How good?
Speaker 4: I finding this genuinely so interesting. I want to know, now, though,
Speaker 4: what do you think your best money habit is?
Speaker 3: Sometimes I think I don't have any I.
Speaker 2: Beg to differ.
Speaker 4: Like, having heard a lot of your story, you wait
Speaker 4: till we get to the end of this episode.
Speaker 2: There will be some debate around that.
Speaker 3: See, my friends, I've probably actually setting up like my
Speaker 3: auto investments with chess, and then I've also got I've
Speaker 3: set up whenever sudden Link comes in, I send forty
Speaker 3: dollars into my savings account and just sort of maybe
Speaker 3: taking an active interest in what my money is doing
Speaker 3: and just trying to think about ways where I can
Speaker 3: grow either the savings or the investments. Yeah, and what.
Speaker 2: Do you think your worst habit is?
Speaker 3: Well, just big picture horses is probably my worst habit.
Speaker 3: With most expensive habit. Sometimes I go for a bit
Speaker 3: of an impulse buy. It's either actually no, I've weaned
Speaker 3: myself off horse related impulse buyers in the last few
Speaker 3: years and instead impulse buying of a garden, so plants
Speaker 3: and stuff like that feels Yeah, I'm a sucker for
Speaker 3: a good plant.
Speaker 2: I can relate to that. Absolutely.
Speaker 4: I wish I would stop killing them because they are
Speaker 4: becoming very bad investments. Money Diarist, we have talked a lot.
Speaker 4: This is going to be a very long episode. I apologize,
Speaker 4: But if you're still here and you're still listening, you've
Speaker 4: probably found it just as interesting as I have. But
Speaker 4: at the very start of this episode, I asked you
Speaker 4: what would you rate your money habits, and you.
Speaker 2: Said s C.
Speaker 4: But then you went on to tell us about how
Speaker 4: you've been casually working and absolutely hustling and doing farm
Speaker 4: work and doing casual work. And then you told me
Speaker 4: about your two gap years, and how one of those
Speaker 4: gap years, you know you were earning a full time
Speaker 4: time salary and you're currently saving for rotations, and you
Speaker 4: care about your superannuation like you've even gone and put
Speaker 4: it into another account, like you've set it all up
Speaker 4: so it makes sense for you. You're currently investing in
Speaker 4: Chasias and in Westpac and in four legged friends, Like,
Speaker 4: I feel like you arguably have your shit together, my friend,
Speaker 4: Why do you think you're a C? And if you
Speaker 4: still think you're a C, what do you think would
Speaker 4: get you to an A?
Speaker 3: I probably think still see just why for the fact.
Speaker 2: So many people are yelling right now, my friend, can't
Speaker 2: you hear them?
Speaker 3: It's probably more to do with I probably don't save
Speaker 3: enough of my money, like from the settling that comes
Speaker 3: in fortnitely. I think I sort of am often in
Speaker 3: that first week spending it on a lot of things,
Speaker 3: whether it be food that I don't need, impulse buys
Speaker 3: at the supermarket, and then so by the time I
Speaker 3: get to the end of the second week, it's sort
Speaker 3: of like oh, do I need to transfer out of
Speaker 3: my savings account to make it through? And yeah, I
Speaker 3: think horses. Horses. Horses are the bane of my savings
Speaker 3: account at the moment, because just when I think I've
Speaker 3: grown it back up, someone will need some kind of
Speaker 3: emergency vet bill that brings it back down again.
Speaker 4: That's farm life, right, like, it just can't all go well.
Speaker 4: I understand horses. They are a very expensive habit. I
Speaker 4: understand impulse buys. I feel like we could rain that
Speaker 4: in a little bit. Everybody could write like, I am
Speaker 4: so good at the supermarket if I'm not hungry. If
Speaker 4: I'm hungry, though, oh my gosh, I buy absolutely everything.
Speaker 4: But you said something before that I think is really important.
Speaker 2: To touch on.
Speaker 4: And I mean, you are in a very different position
Speaker 4: than a lot of people, just because obviously, like you've
Speaker 4: got the farm work, you've got a lot of other
Speaker 4: stuff going on. But you said you're not saving enough
Speaker 4: of your scentiling, and I just need to reframe that.
Speaker 4: And you're probably not going to like this, and please
Speaker 4: know this is coming from a place of love. But
Speaker 4: if you are getting scentiling, you're not meant to be
Speaker 4: saving it like you are. And that's great because you're
Speaker 4: obviously like saving up for rotations. But I don't want
Speaker 4: people listening to this going, oh my gosh, if I'm
Speaker 4: on Centilinc, I should be saving often. Centerlink is not
Speaker 4: nearly enough to save and invest and create a secure
Speaker 4: financial future. It's enough to get by. It's enough to
Speaker 4: do the grocery shopping and put a roof over your head.
Speaker 4: And that's kind of the intention of it, and I
Speaker 4: mean that in a really nice way. I promise money
Speaker 4: direst It's like a take a little bit of pressure
Speaker 4: off yourself because you're not meant to in this season
Speaker 4: of your life be able to save and invest and
Speaker 4: be a baller and do all of those things on
Speaker 4: thirty eight thousand dollars. Like, unfortunately, that is not nearly
Speaker 4: enough to create the life that you've told me about.
Speaker 4: Like the idea that you're going to have to budget
Speaker 4: a thousand dollars a week for rotations blows my mind,
Speaker 4: Like that is so much money, and that's actually so
Speaker 4: much more money than most people in our community earn
Speaker 4: each week. Like that to me is insane, and I'm
Speaker 4: so glad that you're doing it, But I don't want
Speaker 4: anyone listening to this and feeling like, oh my gosh,
Speaker 4: like oh, I'm on Centerlink and she's saving that so great,
Speaker 4: Like obviously for our money direst there's so much much privilege,
Speaker 4: and that's really beautiful and it's really great, but money,
Speaker 4: do I just take some pressure off, like your uni,
Speaker 4: you're being a bullet in general, you're gonna become a
Speaker 4: vet and vets my friends they do quite well, so
Speaker 4: we're gonna be okay. I mean, you might not make
Speaker 4: a lot of money if you just do all of
Speaker 4: your work for your dad, so we probably need to
Speaker 4: negotiate that because I have a sneaky suspicion he has
Speaker 4: no intention of paying you. And if I was your father,
Speaker 4: I wouldn't either, you know, like you were born into
Speaker 4: a farming family, Like you didn't come here to get paid,
Speaker 4: my friend. But I just think everybody needs to take
Speaker 4: a little bit of pressure off themselves, and this is
Speaker 4: one of the first times they don't want to be like, no,
Speaker 4: you can put your seat in the bin, because I
Speaker 4: don't believe it. Usually I tell people, oh my gosh,
Speaker 4: like I would never argue with you over your grade,
Speaker 4: like your grade is your grade.
Speaker 2: My friend, Nah, you're off the mark. Absolutely not.
Speaker 3: Yeah, no, no, I'm absolutely in a privileged position. I
Speaker 3: just feel like I think I need to not so
Speaker 3: much as save the settling, but maybe even move half
Speaker 3: of it so that I don't spend it all at will.
Speaker 4: Yeah, so you can, like, you've got a lot to
Speaker 4: pay for in the future. So I can completely understand
Speaker 4: where that anxiety is coming from. I just didn't want
Speaker 4: anyone to listen to that and go, oh my gosh,
Speaker 4: I should be doing the same, because that's not the
Speaker 4: intention at all.
Speaker 2: But money doros.
Speaker 4: This has been a beautiful episode. I am so grateful.
Speaker 4: Unfortunately I do have to run away, but thank you
Speaker 4: so much for your story.
Speaker 2: Thank you so much for your time.
Speaker 4: I am so grateful that we got to spend arguably
Speaker 4: this whole hour together.
Speaker 3: No, thank you so much for having me. It's been fantastic.
Speaker 4: The advice shared on She's on the Money is generally
Speaker 4: nature and does not consider your individual circumstances. She's on
Speaker 4: the Money exists purely for educational purposes and should not
Speaker 4: be relied upon to make an investment or financial decision.
Speaker 4: If you do choose to buy a financial product, read
Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards
Speaker 4: your needs.
Speaker 2: Victoria divine and she's on the money.
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