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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order

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Speaker 1: Order Kerney Whoalbury and a waddery woman. And before we

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Speaker 1: get started on She's on the Money podcast, I would

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Speaker 1: like to acknowledge the traditional custodians of the land of

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Speaker 1: which this podcast is recorded on a wondery country, acknowledging

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Speaker 1: the elders, the ancestors and the next generation coming through

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Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and

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Speaker 1: the storytelling of you to make a difference for today

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Speaker 1: and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money the pod

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Speaker 2: Castle Millennials who want financial freedom.

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Speaker 4: Welcome back to another one of our money dories where

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Speaker 4: I get the absolute pleasure of sitting down with one

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Speaker 4: of us She's on the Money community members and talking

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Speaker 4: all about their money story. Let's jump straight into it,

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Speaker 4: because this week I got an email and it sounded

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Speaker 4: exactly like this, Dear She's on.

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Speaker 2: The Money team. Growing up in a single parent household,

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Speaker 2: I learned the value of hard work and resourcefulness early on.

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Speaker 2: My mom and I were always finding ways to stretch

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Speaker 2: our money, and that scrappy mindset has stayed with me

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Speaker 2: throughout my life, from selling loom bands at the corner

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Speaker 2: store to fund my treats as a kid to starting

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Speaker 2: a beauty salon with my mum at seventeen while I

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Speaker 2: was still in high school. I've always had a hustler's spirit,

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Speaker 2: and that entrepreneurial drive has guided me through various business

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Speaker 2: ventures and into my current career. Now I'm balancing a

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Speaker 2: demanding full time job while studying for a Bachelor of Business.

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Speaker 2: I've recently bought my first home, and I'm just about

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Speaker 2: to turn twenty one. Money does? What the hell?

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Speaker 5: Hello? It sounds pretty cool to listen back to that,

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Speaker 5: I must say.

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Speaker 2: Are you for real? I thought you were about to

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Speaker 2: be like and I'm just about to turn sixty five, Like,

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Speaker 2: be for real? You've achieved so much and also blast

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Speaker 2: from the past. Loom bracelets, right, I know?

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Speaker 5: I know?

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Speaker 2: Oh my god, I reckon. I've got one somewhere, like

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Speaker 2: hidden in the back of a jewelry box that I

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Speaker 2: couldn't let go of. How much did you sell those for?

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Speaker 5: Like?

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Speaker 2: What's a loomband go for?

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Speaker 5: Surely fifty cents?

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Speaker 2: I can't remember, but not not nearly enough to justify

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Speaker 2: the amount of energy that goes into those No way.

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Speaker 5: That was definitely passion project for sure.

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Speaker 2: Oh my gosh. All right, well, let's dive into a

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Speaker 2: money diary. As always, my first cab off the rankers

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Speaker 2: money doarist. If I asked you to give yourself a

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Speaker 2: money grade from A through to F, what would that

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Speaker 2: money grade be?

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Speaker 5: Had to think about this. I've been a long time

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Speaker 5: listener and I'm going to have to go with a

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Speaker 5: solid be a solid bee.

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Speaker 2: All right, let's learn more about that. My favorite question

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Speaker 2: money deres. Can you tell me a little bit more

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Speaker 2: about your money story?

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Speaker 5: Yes? So, I would say that my attitude towards money

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Speaker 5: has always been quite conscious. I've always been quite conscious

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Speaker 5: and calculated with money, and for the most part, I

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Speaker 5: probably had a positive relationship with money. But I guess

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Speaker 5: on the contrary to that is that I grew up

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Speaker 5: with probably what I needed, but not an abundance of money.

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Speaker 5: So it was always borrowed from Peter to give to Paul,

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Speaker 5: and that's probably transformed into my life now. From a

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Speaker 5: scarcity mindset point of view, I think I'm very I

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Speaker 5: wouldn't say obsessive but very conscious of money is probably

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Speaker 5: the best word. So I'm always worried if it's going

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Speaker 5: to come, if it's going to go, and having enough

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Speaker 5: money to pay my bills a thought on my mind.

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Speaker 5: And I guess you could say it's a negative mindset.

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Speaker 2: And you still think you have a negative mindset.

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Speaker 5: No, it's quite positive, but I think maybe a negative

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Speaker 5: scenario has influenced where my mindset is now.

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Speaker 2: Yeah, and I feel like that makes a lot of sense.

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Speaker 2: That's part of our money story, right Like, and for

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Speaker 2: us to understand where we are today, we need to

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Speaker 2: understand where we've come from and maybe why we have

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Speaker 2: certain feelings and thoughts and behaviors around money. Because right

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Speaker 2: now you're clearly doing well, Like I'm really excited to

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Speaker 2: learn more, but you've just bought your own house and

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Speaker 2: like that's so exciting, But you're also like, oh, I

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Speaker 2: still have this like scrappy mindset, and like I'm often

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Speaker 2: really worried about money, even though maybe that's not if

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Speaker 2: we looked at it on paper, Yeah, yeah, that's not

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Speaker 2: the reality, but it's also something that still stresses you

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Speaker 2: out because inherently you know that has happened historically, right, Yeah,

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Speaker 2: so I want to know more. Right now, you have

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Speaker 2: a full time job and you're studying, but what do

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Speaker 2: you do for work and how much money do you earn?

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Speaker 5: I am a human resource manager and at the moment,

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Speaker 5: I earn one hundred and fifteen thousand dollars plus super

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Speaker 5: and I also have a company vehicle and fuel card

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Speaker 5: as well, and then two side hustles. You could you

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Speaker 5: could say.

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Speaker 2: So can we just twenty one? Twenty one? Are you

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Speaker 2: sure you're not lying about your age? I mean I

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Speaker 2: can see you. You definitely look twenty one, but you're

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Speaker 2: earning one hundred and fifteen one thousand dollars plus super

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Speaker 2: plus car plus two businesses.

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Speaker 5: Yes, yes, math.

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Speaker 2: Isn't mathing where it were? You like you will to

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Speaker 2: be the oldest soul in the entire universe.

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Speaker 5: Honestly, I feel like that, and it's it's my age

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Speaker 5: is actually something that I'd say I'm quite conscious of,

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Speaker 5: particularly with the you know, negative connotations that come around

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Speaker 5: being a young person in a position of with a

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Speaker 5: position of responsibility but also a level of authority as well.

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Speaker 5: I think it's something I try and hide, and it's

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Speaker 5: something when I talk about my age and how much

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Speaker 5: I am and I don't really but when I do,

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Speaker 5: it's it's definitely one of those things where I go,

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Speaker 5: are people going to think that I'm lying? And I

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Speaker 5: have to kind of give myself a fact check where

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Speaker 5: I'm like, no, you've done.

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Speaker 2: That, Yeah, one hundred percent you have. I just am

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Speaker 2: so impressed. I think that mine's not coming from a

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Speaker 2: question of authority, more like, wow, girl, get it, Like

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Speaker 2: that's so sick, share with us, how do we do this?

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Speaker 5: Yes? Yes, no, I understand. Yeah.

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Speaker 2: I do really resonate with that though, because as somebody

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Speaker 2: who started my business at twenty three, that is exactly

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Speaker 2: how I felt like. I always felt like the youngest

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Speaker 2: in the room and maybe not worthy of being there

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Speaker 2: or you know, not smart enough or not experienced enough,

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Speaker 2: or you know, not something enough. As always yes, and

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Speaker 2: that does make you question whether you're sitting in the

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Speaker 2: right room doing the right things and you are where

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Speaker 2: you're meant to be.

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Speaker 5: Yes, one hundred percent.

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Speaker 2: Times you question yourself. And that just reminded me that

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Speaker 2: I definitely went through that, and I think it's only

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Speaker 2: since I've joined my thirties that I'm really like, no, no,

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Speaker 2: I'm exactly where I need to be. And often people

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Speaker 2: are still surprised when I say, oh, no, I've been

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Speaker 2: in this industry for ten plus years. They're like wait

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Speaker 2: what yeah, Or I've been a business owner for this

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Speaker 2: long and they're like hold on, like how And I

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Speaker 2: think that that's good for me, But it's taken a

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Speaker 2: long time for that to settle in.

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Speaker 5: Yeah, to get to that and to have the boundaries

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Speaker 5: and the ownership of it. Yeah.

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Speaker 2: Yeah. So tell me about these two business side hustles.

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Speaker 2: What are they, what type of cash hol or do

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Speaker 2: they make you?

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Speaker 5: So the longer standing one would be so I do

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Speaker 5: beauty to alashic sessions and brows on the side. That's

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Speaker 5: one of the businesses that I had studied for and

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Speaker 5: started when I was in high school. And i've kind

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Speaker 5: of you never stopped doing it, right you say, I'll

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Speaker 5: give it up, I'll stop doing it, I'll get a

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Speaker 5: full time job, and I'll stop doing it, But you

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Speaker 5: never truly do. And I still continue to do that,

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Speaker 5: but in a reduced capacity. So I do one Saturday

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Speaker 5: every month, one every three weeks, and that's eyelash extensions

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Speaker 5: and eyebrows, as I said, and that probably brings in

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Speaker 5: last financial year was about ten thousand dollars.

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Speaker 2: Wow for one day a month of work. Be for real,

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Speaker 2: that's very nice.

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Speaker 5: Some months only works out to be two Saturdays in

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Speaker 5: the month if I'm doing three weekly, but one Saturday

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Speaker 5: month sounds better. When I'm managing my life.

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Speaker 2: I feel like I'm someone who gets their lashes and

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Speaker 2: brows done religiously every three weeks. That would work for me.

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Speaker 2: So do you just have a consistent role of like

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Speaker 2: clients who just come every three weeks for their lash

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Speaker 2: refill or their extensions and go from there.

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Speaker 5: Yeah. Literally, when I decided to do that, I kind

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Speaker 5: of put a you know, who wants morning, who wants afternoon?

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Speaker 5: And I had to reduce obviously my SKO clients people,

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Speaker 5: so I picked my top five if I can say that. Yeah,

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Speaker 5: they're just all on a rotating basis now. So they

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Speaker 5: just pre booked and they know, like they can plan

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Speaker 5: their lives. They're like, right, every three weeks is my lashness.

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Speaker 5: I'm not going on.

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Speaker 2: But if you don't make it, we're not doing a

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Speaker 2: makeup one. Sorry about that?

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Speaker 5: Yes, yes, literally, I'm like, sorry, you gotta wait six

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Speaker 5: weeks then?

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Speaker 2: Yeah, oh my gosh, all right, so that brings in

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Speaker 2: another ten grand a year. What's your second side hustle?

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Speaker 5: The second one is only quite recent, but I started

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Speaker 5: doing disability support work on a Saturday for one of

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Speaker 5: my mom's clients. So yeah, that's kind of infrequent and

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Speaker 5: when she needs the support. But that has only been

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Speaker 5: in this financial year, so I'm not really positive on

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Speaker 5: what it would bring in in a year capacity, but

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Speaker 5: it's it's just a little bit extra.

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Speaker 2: So what type of extra is that?

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Speaker 1: Like?

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Speaker 2: If we said that you do like maybe one Saturday

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Speaker 2: a month, how much do you expect to get paid

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Speaker 2: for that Saturday.

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Speaker 5: I don't have good kind of numbers to work off

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Speaker 5: one Saturday. I earned nine hundred and oh my good

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Speaker 5: dollars because it's Saturday rate right.

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Speaker 2: Oh okay, for nine hundred and fifty bucks, I'm there.

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Speaker 2: I'm there for eight and.

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Speaker 5: A half hours though.

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Speaker 2: That's just that's a normal day's work. Yeah, pretty goodol,

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Speaker 2: Oh my god, I'm not mad about that. So that

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Speaker 2: could potentially let's say that you do like that once

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Speaker 2: a month. That's about the same as your lash and

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Speaker 2: brow business.

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Speaker 5: Yeah, it is, it is. I don't think I'll be

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Speaker 5: doing like that many hours again, but even four hundred

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Speaker 5: dollars a month maybe, but it all goes towards a

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Speaker 5: little extra purpose.

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Speaker 2: Yeah, I feel like that's really nourishing work as well.

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Speaker 2: It is being able to help, Like I just I

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Speaker 2: feel like I'd get a lot out of that. So

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Speaker 2: I'm glad that you get to do that. So you've

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Speaker 2: just bought your first house. You're doing all of this work, Like,

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Speaker 2: I'm very impressed thus far. Tell me, what are your

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Speaker 2: current big money goals? You bought the house, so what's next?

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Speaker 2: What are we working towards?

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Speaker 5: You already sound like you know me. I can't stop.

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Speaker 5: What's next?

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Speaker 2: That's me though, like cut paste. I mean, I definitely

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Speaker 2: didn't do it this successfully, this young, but I'm like,

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Speaker 2: she's me. I am her.

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Speaker 5: It's actually funny because my friends always say that I

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Speaker 5: remind them of you, or vice versa.

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Speaker 2: I already know that we'd get along really well. Yes,

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Speaker 2: if you were in the same state as me, even

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Speaker 2: though there's literally more than ten years difference between the

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Speaker 2: two of us, I feel like we'd get along very well.

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Speaker 5: We will, definitely, But my upcoming big money goals is

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Speaker 5: obviously to one continue paying down the mortgage. When I

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Speaker 5: can see how much of our monthly repayment is going

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Speaker 5: towards interest, it's very sad, So continue snatching that down

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Speaker 5: as much as we can. But also I really want

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Speaker 5: to start consciously making an effort into investing. So one

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Speaker 5: thing that you've always said that is stuck with me

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Speaker 5: is that the second best thing to timing the market

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Speaker 5: is time in the market. And I think it.

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Speaker 2: Going to work for me. Like you would be a

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Speaker 2: great advocate, like cut paste perfect. You're really well spoken.

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Speaker 2: I think you'd be great on a podcast. If you

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Speaker 2: ever want to be on the show, let me know.

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Speaker 5: It's so funny. You should actually hear me in my

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Speaker 5: day to day life. I'm like, have you listened to

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Speaker 5: shoes on the morney? Have you heard of them? Listened

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Speaker 5: to them? Learn? Oh?

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Speaker 2: I love this, but a conscious effort to invest, Oh

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Speaker 2: my god, you're twenty one, Like, oh, you could invest

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Speaker 2: and have so much time ahead of you, like you

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Speaker 2: are where every single one of our listeners wants to be.

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Speaker 5: Yes, And I think that's on the plus side for

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Speaker 5: me is that I have the time. But for me,

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Speaker 5: up until buying the house, my biggest priority was always

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Speaker 5: to have as much money in my bank account so

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Speaker 5: that I could buy the property. So now that I've

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Speaker 5: got it, I want to start. Yes, just having a

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Speaker 5: reoccurring deduction, even if it's two hundred dollars a month,

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Speaker 5: you know, you start small and just see that money

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Speaker 5: go out and be working towards something. And last money

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Speaker 5: goal immediately working towards is I'm actually going to Europe

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Speaker 5: in October.

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Speaker 2: Oh my gosh, exciting whereabouts in Europe? You're going?

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Speaker 5: It's actually a work so they do pay for me

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Speaker 5: to go. But yeah, yes, we have international hr days

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Speaker 5: because it's a global business that I work for.

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Speaker 2: Okay, Yeah, I'll head to Belgium okay, nice for some yeah.

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Speaker 5: And then I will take two weeks off annual league

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Speaker 5: while i'm over there. So I'm planning to do London, Paris,

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Speaker 5: Amsterdam and then on the way back spend the night

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Speaker 5: in Dubai so that I can see as much as

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Speaker 5: possible within the two weeks.

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Speaker 2: So, oh my gosh, I've got so many recommendations for you.

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Speaker 1: Yeah.

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Speaker 2: Yeah, I have just gotten back from London and pass

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Speaker 2: like I will send all of my favorite ones and

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Speaker 2: all my money tips and tricks.

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Speaker 5: Please.

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Speaker 2: I feel like you love it. I feel like your

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Speaker 2: business is shooting themselves in the foot, though, because by

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Speaker 2: having an international HR day, who in your team is

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Speaker 2: not taking two weeks off at exactly the same time? Right,

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Speaker 2: They're going to lose half their workforce by taking them

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Speaker 2: overseas because I'm not going over season, They're not making

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Speaker 2: the most of it. Like everybody is out.

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Speaker 5: Only I guess regional people or department responsible people will

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Speaker 5: go though.

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Speaker 2: Yeah, so all that the big dogs are out of

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Speaker 2: the office at the same time. I like that. I

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Speaker 2: mean that's their problem, not ours, babe. That is a

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Speaker 2: them problem. They need to deal with that. Yes, all right,

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Speaker 2: let's go to a really quick break before I get

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Speaker 2: further off track. And on the flip side, I want

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Speaker 2: to ask you more perfect questions. I'm going to ask

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Speaker 2: you how much you spent on your house. I'm going

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Speaker 2: to be asking about your investment plans. I want to

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Speaker 2: know about your total debt and best and worst money habits,

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Speaker 2: So guys, don't go anywhere money diarist. We are back,

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Speaker 2: and I am very excited about this episode. I feel

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Speaker 2: like you are so young and have achieved so much.

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Speaker 2: It's arguably very unrelatable, but I think we can learn

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Speaker 2: a lot from you. So diving straight back in, you

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Speaker 2: mentioned before that you want to consciously start investing because

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Speaker 2: you know that time is on your side and the

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Speaker 2: second best thing to timing the market is time in

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Speaker 2: the market. So what progress have you made towards that goal?

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Speaker 2: What are your thoughts around this? How are you going

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Speaker 2: to invest? What does that look like?

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Speaker 5: So? I currently have one thousand dollars invested in ETFs,

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Speaker 5: So I just have two. I used to work for

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Speaker 5: a tech company and it kind of made me realize

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Speaker 5: how much development in that space is still yet to come.

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Speaker 5: So I invest split between the ASX top two hundred

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Speaker 5: and also between I think it's the top one hundred

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Speaker 5: tech companies as well.

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Speaker 2: Okay, that is.

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Speaker 5: Where I'm currently sitting in with that one thousand dollars,

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Speaker 5: and I think, to be honest, I will continue to

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Speaker 5: invest into those two more so prioritizing the top two

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Speaker 5: hundred ASX because historically, over one hundred years, it's still

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Speaker 5: positively gone on the upward trajectories.

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Speaker 2: You're going to be a financial advisor next, I just

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Speaker 2: know it.

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Speaker 5: It's actually not so funny you say that, because I

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Speaker 5: almost added financial planning to my degree as a second major,

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Speaker 5: but they weren't compatible with HR management. But I am

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Speaker 5: definitely interested in that space.

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Speaker 2: I mean, I did psychology and ended up here. It's

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Speaker 2: a slippery slope one so you start caring about money. True, True,

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Speaker 2: you go completely off track and you end up a

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Speaker 2: financial advisor. Worst you could become a mortgage brokup. My god,

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Speaker 2: but it is so fun. I want to know more

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Speaker 2: about this investing journey though, because over the weekend I

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Speaker 2: was actually talking to someone on Instagram and they were

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Speaker 2: messaging me and going, hey, v oh my gosh, I'm

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Speaker 2: really struggling, like I'm picking a platform this weekend. I'm

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Speaker 2: going to be investing. Obviously, I can't give advice, so

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Speaker 2: it's just having a chat and being like, okay, well

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Speaker 2: have you thought about, you know, maybe doing some more googling?

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Speaker 2: And I wish I could dive in and be like,

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Speaker 2: this is my recommendation, this is how this works. But

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Speaker 2: even if I had that, it might not fit. So

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Speaker 2: not ethical. But I want to note you've obviously put

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Speaker 2: your thinking hat on. You've invested into ETFs, which means

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Speaker 2: you've got even more diversification than just one ETF. You've

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Speaker 2: picked a top two hundred one and like a tech one.

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Speaker 2: What about platforms, Like when you were going I want

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Speaker 2: to invest, what did that look like.

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Speaker 5: I am still currently but I was with Comwealth Bank

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Speaker 5: and so at the time, I just decided to go

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Speaker 5: with Comseck. I know that the trading fees were a

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Speaker 5: little bit higher, but I decided to go with comsex.

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Speaker 5: So that is the platform that I'm currently in. I

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Speaker 5: also use I don't know if I mentioned, but I

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Speaker 5: have five hundred dollars in crypto, so I use bitcoin.

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Speaker 2: Oh no you didn't. How cool?

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Speaker 5: Yep, controversial, but yeah, I have five hundred dollars and

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Speaker 5: invested into coinspot as well. And I guess for me

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Speaker 5: it was totally more convenience. I had heard of, you know,

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Speaker 5: Chase's and Vanguard and that type of stuff, But for me,

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Speaker 5: I was already with Combank and they just literally deducted

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Speaker 5: it out of one of the bank accounts that I

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Speaker 5: had set up already, so it was easy for me.

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Speaker 2: It makes sense, and it's actually just about what you're

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Speaker 2: most comfortable with the end of the day. Obviously, there

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Speaker 2: are a million different platforms that you could choose from,

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Speaker 2: and it's like I don't care what platform you're on,

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Speaker 2: as long as you like it, it makes sense to you,

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Speaker 2: it's got user like features that make sense to you,

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Speaker 2: and you're actually investing. I could not care less. So

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Speaker 2: it's more I want to know what are you using,

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Speaker 2: because I think a lot of us listen to these

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Speaker 2: episodes and we're like, oh, she said, she invests, but

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Speaker 2: like where, when? Why?

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Speaker 5: How?

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Speaker 2: Like how did she get there? Because so many of

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Speaker 2: us get that like analysis paralysis at the start of

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Speaker 2: well do I do it? Well, I just looked at comseck.

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Speaker 2: I listened to that money direst she said. She was like, oh,

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Speaker 2: maybe that's not for me. And then you're weighing up

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Speaker 2: all your options. Did you get analysis paralysis at the

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Speaker 2: start of your investing journey? Like how long did it

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Speaker 2: take before you said I think I'll invest to actually

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Speaker 2: pulling the trigger?

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Speaker 5: Definitely, And I still feel as though I'm somewhat actually

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Speaker 5: in that analysis paralysis, And that's why I haven't dedicated

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Speaker 5: a portion of my monthly say things towards investing. Yeah,

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Speaker 5: in the beginning, I definitely did, but I was just

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Speaker 5: started with what I was comfortable with losing, because at

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Speaker 5: the end of the days is still a risk. So

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Speaker 5: at that time five hundred dollars. Whilst it would be

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Speaker 5: sad to see.

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Speaker 2: It go, it not be the end of the world

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Speaker 2: for you.

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Speaker 5: Yes, exactly want to be the end of the world.

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Speaker 5: And one last password to remember. To be honest, I

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Speaker 5: can't remember another password.

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Speaker 2: Oh, don't start me own passwords. I've just downloaded last

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Speaker 2: pass to keep track of all my passwords because at

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Speaker 2: this point I just can't be trusted now I can't remember,

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Speaker 2: So tell me more. We're going to jump into debt.

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Speaker 2: Now you've mentioned that you bought your first home first,

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Speaker 2: can you tell me a bit more about that journey.

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Speaker 2: How does someone at twenty one buy their first home?

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Speaker 2: Because I don't know if you know, but right now

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Speaker 2: we're in the middle of a cost of living crisis

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Speaker 2: and like everything's really expensive and interest rates her through

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Speaker 2: the roof. How did you get together a deposit? What

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Speaker 2: did that look like? And how did you purchase your

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Speaker 2: first home?

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Speaker 5: It's such a hard question when people ask me that

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Speaker 5: it really takes so much thought. But I guess from

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Speaker 5: the age of fourteen, I've had a job and I

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Speaker 5: have probably always had that mindset of giving myself fifty

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Speaker 5: dollars a week to spend, and anything left over is

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Speaker 5: savy things. And truly, even from when I was earning

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Speaker 5: one hundred dollars a week, I'd still give myself fifty

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Speaker 5: dollars for fun for whatever I was doing at fourteen,

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Speaker 5: and the other fifty dollars would always be saved.

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Speaker 2: So I have who taught you that? Who taught you that?

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Speaker 5: Like?

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Speaker 2: How did you have that self discipline?

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Speaker 5: I don't know, and I don't know where it's come from,

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Speaker 5: but I think tying back to when we first started

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Speaker 5: having that scarcity mindset, I always wanted to have something

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Speaker 5: left over, and the reason that I got my first job,

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Speaker 5: I still it's a pivotal memory for me, is that

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Speaker 5: I wanted to be able to put money on my

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Speaker 5: go card so that my mom didn't have to worry

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Speaker 5: about it.

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Speaker 2: So you love that.

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Speaker 5: That's probably a core memory that stuck with me. But

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Speaker 5: in terms of how I got that mindset, I would

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Speaker 5: say probably come from the scarcity mindset around it wanting

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Speaker 5: to have back up in case I needed to give

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Speaker 5: it to my mom or in case I had a

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Speaker 5: bill that was unexpected. I don't know what bills I'm

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Speaker 5: having it four, but that.

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Speaker 2: You might but that's stressful, and you probably saw your

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Speaker 2: mum have unexpected bills and you were like, well, I

440
00:21:05,480 --> 00:21:07,600
Speaker 2: don't want to be in that position. And I know

441
00:21:07,680 --> 00:21:10,440
Speaker 2: that the answer to that is actually having cash available,

442
00:21:10,440 --> 00:21:11,199
Speaker 2: so I'm going to do that.

443
00:21:11,520 --> 00:21:16,280
Speaker 5: Yes percent, So then yeah, I just continued to save,

444
00:21:16,359 --> 00:21:19,040
Speaker 5: and that transformed into the more that I owned, the

445
00:21:19,040 --> 00:21:22,160
Speaker 5: more that I saved. And probably you know, a good

446
00:21:22,359 --> 00:21:26,160
Speaker 5: habit that I do have is the less outgoing, the better.

447
00:21:26,520 --> 00:21:29,359
Speaker 5: So even every year now, I still review how much

448
00:21:29,400 --> 00:21:33,080
Speaker 5: I'm paying for insurance or my phone bill, and the

449
00:21:33,080 --> 00:21:35,919
Speaker 5: most that I can reduce that buy is better. No

450
00:21:35,960 --> 00:21:38,760
Speaker 5: matter how much I earn, I want minimal expenses because

451
00:21:38,800 --> 00:21:41,040
Speaker 5: then the money left over I can do whatever I want.

452
00:21:41,359 --> 00:21:43,960
Speaker 2: I love that. So tell me more about this property.

453
00:21:44,280 --> 00:21:46,439
Speaker 2: What did you save for a deposit, what did you

454
00:21:46,480 --> 00:21:48,080
Speaker 2: purchase for and what's your current debt.

455
00:21:48,160 --> 00:21:52,280
Speaker 5: I actually used one of the first home buyers schemes.

456
00:21:52,359 --> 00:21:53,160
Speaker 5: I know you'll be happy.

457
00:21:53,560 --> 00:21:56,159
Speaker 2: So smart. Oh, I love that. I love that. I

458
00:21:56,240 --> 00:21:58,760
Speaker 2: was talking about it yesterday at work, like there's a

459
00:21:58,800 --> 00:22:01,160
Speaker 2: few schemes at the moment that we've got a couple

460
00:22:01,160 --> 00:22:03,760
Speaker 2: of clients like doubling up on and I'm like, this

461
00:22:03,840 --> 00:22:05,879
Speaker 2: is great, Like it's like it just feels like the

462
00:22:05,880 --> 00:22:07,080
Speaker 2: biggest hack in the world.

463
00:22:07,200 --> 00:22:11,280
Speaker 5: Right, Yes, yes, especially the free stamp duty for first

464
00:22:11,280 --> 00:22:14,880
Speaker 5: home buyers now in Queen Zone under seven fifty that

465
00:22:15,480 --> 00:22:18,760
Speaker 5: we just missed out on. So I think in total, yes,

466
00:22:18,840 --> 00:22:23,120
Speaker 5: we use the five percent deposit government guaranteur scheme because

467
00:22:23,240 --> 00:22:26,200
Speaker 5: for us, location mattered and I knew that we'd need

468
00:22:26,240 --> 00:22:29,359
Speaker 5: to purchase a home that required work, so I wanted

469
00:22:29,400 --> 00:22:32,879
Speaker 5: to keep some of our savings in reserve so that

470
00:22:32,920 --> 00:22:35,040
Speaker 5: we can do up the house. And my partner is

471
00:22:35,040 --> 00:22:38,840
Speaker 5: a carpenter, so he can also do the reinose. So

472
00:22:39,160 --> 00:22:42,520
Speaker 5: how good. Yeah, I think in total with the stamp duty,

473
00:22:42,600 --> 00:22:45,360
Speaker 5: I think it was about fifty just over fifty thousand

474
00:22:45,359 --> 00:22:49,639
Speaker 5: dollars we were required for our deposit there, and we

475
00:22:49,840 --> 00:22:54,199
Speaker 5: ended up purchasing. Initially we offered six eighty five, but

476
00:22:54,240 --> 00:22:56,800
Speaker 5: then we're able to do a little bit of negotiations.

477
00:22:56,840 --> 00:22:59,159
Speaker 5: I put my big girl pants on and knocked it

478
00:22:59,240 --> 00:23:02,480
Speaker 5: down to six sixty after building in Pest, So that's

479
00:23:02,520 --> 00:23:04,199
Speaker 5: the final price that we paid.

480
00:23:04,520 --> 00:23:07,560
Speaker 2: So you purchased for six sixty. What's your mortgage currently

481
00:23:07,600 --> 00:23:09,199
Speaker 2: sitting at and how long have you had it for

482
00:23:09,480 --> 00:23:09,960
Speaker 2: It is.

483
00:23:10,240 --> 00:23:14,960
Speaker 5: Currently sitting at just over six hundred thousand, and we've

484
00:23:15,000 --> 00:23:16,400
Speaker 5: had it since April.

485
00:23:16,560 --> 00:23:20,719
Speaker 2: Oh, very nice. And how does that feel when interest

486
00:23:20,840 --> 00:23:23,480
Speaker 2: rates are arguably a lot higher than they used to be?

487
00:23:23,880 --> 00:23:27,320
Speaker 2: I mean, thankfully you probably purchased when the interest rates

488
00:23:27,320 --> 00:23:29,560
Speaker 2: were much higher than you know, one or two percent,

489
00:23:29,600 --> 00:23:32,320
Speaker 2: so it wasn't as rude of a shock. But how

490
00:23:32,400 --> 00:23:35,120
Speaker 2: now you're paying a mortgage? Are you managing pretty good?

491
00:23:35,200 --> 00:23:38,480
Speaker 5: I mean with an offset that we now have attached

492
00:23:38,520 --> 00:23:41,760
Speaker 5: to our mortgage. For me, I thought, if I'm buying

493
00:23:41,800 --> 00:23:43,959
Speaker 5: at the top of the peak, or if I if

494
00:23:44,000 --> 00:23:48,560
Speaker 5: I'm buying where interest rates are quite high, then if

495
00:23:49,000 --> 00:23:51,720
Speaker 5: they ever come down, then it will just be positive

496
00:23:51,800 --> 00:23:55,360
Speaker 5: money that we can be adding towards paying down the mortgage.

497
00:23:55,440 --> 00:23:58,160
Speaker 5: So it is scary, like seeing how much money goes

498
00:23:58,200 --> 00:24:00,520
Speaker 5: out every week and you think, oh my god, is

499
00:24:00,560 --> 00:24:03,080
Speaker 5: it really one thousand dollars a week in repayments? But

500
00:24:03,560 --> 00:24:07,439
Speaker 5: I know that, yes, something has to changed. Well I

501
00:24:07,520 --> 00:24:09,720
Speaker 5: believe that something has to change, and hopefully it won't

502
00:24:09,720 --> 00:24:11,879
Speaker 5: be like that for the whole next thirty years of

503
00:24:12,400 --> 00:24:14,800
Speaker 5: our lone life. But yeah, we manage.

504
00:24:14,960 --> 00:24:18,679
Speaker 2: It's crazy, right, all right? Well, I'm honestly so shook

505
00:24:18,760 --> 00:24:21,080
Speaker 2: this far. Like I just feel like you have made

506
00:24:21,160 --> 00:24:25,080
Speaker 2: the most of it. Like, first question, before I get

507
00:24:25,080 --> 00:24:27,840
Speaker 2: to my structured question, what's your mum think of this?

508
00:24:28,560 --> 00:24:32,360
Speaker 2: Like is she just like super proud because coming from

509
00:24:32,400 --> 00:24:35,919
Speaker 2: a single parent household and knowing the money story of

510
00:24:36,000 --> 00:24:39,679
Speaker 2: most single parents, like it's bloody hard, Like you're cutting

511
00:24:39,720 --> 00:24:42,040
Speaker 2: your teeth, you're working extra hours, you're doing the most

512
00:24:42,080 --> 00:24:44,119
Speaker 2: to put your kid in the best possible position, and

513
00:24:44,160 --> 00:24:47,400
Speaker 2: like so many times you see single mums doubting themselves

514
00:24:47,400 --> 00:24:49,040
Speaker 2: and feeling like they're not doing the right thing because

515
00:24:49,080 --> 00:24:50,919
Speaker 2: the kid didn't have, you know, the shiniest thing at

516
00:24:50,920 --> 00:24:53,080
Speaker 2: school and all the other kids had that, and you

517
00:24:53,280 --> 00:24:57,000
Speaker 2: just I can see that mums crucify themselves over this,

518
00:24:57,119 --> 00:25:00,320
Speaker 2: but you've kind of like come through this. How's your

519
00:25:00,359 --> 00:25:02,520
Speaker 2: mom feel now about all of this? Because like if

520
00:25:02,560 --> 00:25:05,720
Speaker 2: I was your mum, holy moly, I'd be so proud.

521
00:25:06,359 --> 00:25:09,560
Speaker 5: Thank you. It's actually funny. I had told my mom

522
00:25:09,600 --> 00:25:12,120
Speaker 5: that I'm coming onto this podcast, and I'm like, oh,

523
00:25:12,200 --> 00:25:14,639
Speaker 5: but you know, they might not believe me, Like it

524
00:25:14,680 --> 00:25:17,040
Speaker 5: sounds pretty wild when I say all this stuff back

525
00:25:17,080 --> 00:25:19,800
Speaker 5: and she's like, no, you did this. You own it.

526
00:25:19,880 --> 00:25:22,520
Speaker 5: You literally are the one who worked for it. No

527
00:25:22,560 --> 00:25:25,320
Speaker 5: one handed you anything. So she is super proud. And

528
00:25:25,680 --> 00:25:29,040
Speaker 5: she always says that I've raised a savage and you

529
00:25:29,080 --> 00:25:33,919
Speaker 5: know that actual Yes, yeah, so no, she is super proud.

530
00:25:34,000 --> 00:25:36,239
Speaker 5: And I do owe you know, a lot of it

531
00:25:36,280 --> 00:25:40,240
Speaker 5: to her in fostering I guess my mindset from the beginning.

532
00:25:40,320 --> 00:25:42,720
Speaker 5: She would obviously sit out the front whilst I sold

533
00:25:42,720 --> 00:25:46,240
Speaker 5: the loom bands and whatever crazy idea that I had.

534
00:25:46,640 --> 00:25:48,920
Speaker 5: I think I even sold ear rings like I made

535
00:25:48,960 --> 00:25:51,320
Speaker 5: ear rings from eBay. I used to glue the backs

536
00:25:51,359 --> 00:25:54,080
Speaker 5: onto the little rose and sell them at her salar.

537
00:25:54,240 --> 00:25:55,320
Speaker 2: Oh my gosh.

538
00:25:55,600 --> 00:25:58,639
Speaker 5: I love that she really fostered that mindset and I

539
00:25:58,680 --> 00:26:02,280
Speaker 5: think that's a lot of I've transformed to continue to

540
00:26:02,359 --> 00:26:05,679
Speaker 5: have that mindset. Now. She could have very easily probably

541
00:26:05,720 --> 00:26:08,600
Speaker 5: squashed that mindset and said no, don't be ridiculous, and

542
00:26:08,840 --> 00:26:11,960
Speaker 5: I would have been a lot more confined. So yeah,

543
00:26:11,960 --> 00:26:13,600
Speaker 5: I have a lot of empathy and I owe a

544
00:26:13,640 --> 00:26:15,080
Speaker 5: lot of it to her. Yeah.

545
00:26:15,160 --> 00:26:17,240
Speaker 2: Oh, I love that. I hope she listens to this

546
00:26:17,320 --> 00:26:22,920
Speaker 2: and here's to hi mum. Also, while you're here, can

547
00:26:22,960 --> 00:26:25,360
Speaker 2: you send me all your parenting tips because I too

548
00:26:25,440 --> 00:26:28,720
Speaker 2: would like to raise a savage like that's that's where

549
00:26:28,760 --> 00:26:31,000
Speaker 2: my mindset is at right now. I'll take all the tips,

550
00:26:31,040 --> 00:26:33,600
Speaker 2: all the tricks, thank you, and spy, I have to

551
00:26:33,640 --> 00:26:37,600
Speaker 2: ask your daughter some more questions. Now, Money Diarist back

552
00:26:37,640 --> 00:26:40,119
Speaker 2: to you. What's your best money habit?

553
00:26:40,320 --> 00:26:45,080
Speaker 5: I would say probably that I'm naturally drawn to the

554
00:26:45,160 --> 00:26:48,399
Speaker 5: cheapest price, which is not always good. But I'm naturally

555
00:26:48,520 --> 00:26:52,000
Speaker 5: drawn to the sale sticker or the items that are

556
00:26:52,000 --> 00:26:56,160
Speaker 5: on sale. I mean, every Monday six pm, Woollies releases

557
00:26:56,240 --> 00:26:58,800
Speaker 5: the catalog for the specials for the following.

558
00:26:58,400 --> 00:27:00,960
Speaker 2: Week, and I show, Oh my gosh, you even know

559
00:27:01,080 --> 00:27:04,160
Speaker 2: the time. I'm obsessed with you. It's my I would

560
00:27:04,280 --> 00:27:06,720
Speaker 2: do you know what I read them? Wouldn't be able

561
00:27:06,760 --> 00:27:09,080
Speaker 2: to tell you when they come out, Like, so you're

562
00:27:09,119 --> 00:27:11,600
Speaker 2: telling me six pm on a Friday? Is that right?

563
00:27:11,760 --> 00:27:12,400
Speaker 5: On a Monday?

564
00:27:12,480 --> 00:27:14,280
Speaker 2: Sorry? Six pm on a Monday? All right, I'm going

565
00:27:14,320 --> 00:27:15,119
Speaker 2: to put it in my diary.

566
00:27:15,200 --> 00:27:18,479
Speaker 5: Yeah, And then the specials begin from the Wednesday, so

567
00:27:18,520 --> 00:27:20,240
Speaker 5: you've got a bit of time to protect you spend

568
00:27:20,280 --> 00:27:24,359
Speaker 5: time to make your budget yep, yep, and shop online.

569
00:27:24,600 --> 00:27:26,960
Speaker 5: Use the Woolies app because you can see how much

570
00:27:27,000 --> 00:27:29,520
Speaker 5: you're spending whereas when you go into the shop, you

571
00:27:29,640 --> 00:27:32,280
Speaker 5: just chuck stuff into your cart and then you're like

572
00:27:32,520 --> 00:27:34,040
Speaker 5: me two hundred bucks.

573
00:27:33,880 --> 00:27:37,800
Speaker 2: Later, so oh my gosh. So do you then see

574
00:27:37,800 --> 00:27:39,679
Speaker 2: all the specials on a Monday and go all right, well,

575
00:27:39,720 --> 00:27:41,679
Speaker 2: I can see the beef's on sale, like I'm going

576
00:27:41,760 --> 00:27:43,840
Speaker 2: to make beef dishes this week? Is that what happens?

577
00:27:44,200 --> 00:27:46,200
Speaker 2: And then if you've got like a repertoire of recipe,

578
00:27:46,359 --> 00:27:48,159
Speaker 2: like how does this work? And how are you twenty one?

579
00:27:48,200 --> 00:27:52,520
Speaker 5: Again? What what I do is we cook dinners at

580
00:27:52,520 --> 00:27:55,399
Speaker 5: home Sunday through to Thursday, and I plan all of

581
00:27:55,400 --> 00:27:58,520
Speaker 5: the meals based on what's on sale. So I like

582
00:27:58,600 --> 00:28:01,680
Speaker 5: a certain butter chicken, so if it's half priced, we're

583
00:28:01,680 --> 00:28:02,920
Speaker 5: having a pot of chicken for the week.

584
00:28:03,359 --> 00:28:04,760
Speaker 2: And it's right, buy.

585
00:28:04,600 --> 00:28:08,680
Speaker 5: Your chicken breast from the deli, not in the package section,

586
00:28:08,920 --> 00:28:12,320
Speaker 5: because it's ten dollars eleven dollars a kilo, not seventeen

587
00:28:12,400 --> 00:28:13,080
Speaker 5: dollars kio.

588
00:28:13,280 --> 00:28:15,400
Speaker 2: So what is that the price difference?

589
00:28:15,760 --> 00:28:19,440
Speaker 5: Yeah? For really, yeah, it's like eleven dollars for chicken

590
00:28:19,480 --> 00:28:21,880
Speaker 5: breast at the deli. I kind of wash it because

591
00:28:21,880 --> 00:28:24,840
Speaker 5: it looks a little bit, you know, slimy, but that's

592
00:28:24,920 --> 00:28:26,000
Speaker 5: so controversial.

593
00:28:26,160 --> 00:28:28,879
Speaker 2: Actually, I feel like I was having this conversation with

594
00:28:28,920 --> 00:28:30,720
Speaker 2: a friend the other day, and I always wash my

595
00:28:30,920 --> 00:28:34,240
Speaker 2: meat like I'd like, rinse my chicken. I don't rinse

596
00:28:34,280 --> 00:28:37,080
Speaker 2: steak funnily enough, but I rinse my chicken and all

597
00:28:37,119 --> 00:28:38,200
Speaker 2: my seafood.

598
00:28:37,880 --> 00:28:39,200
Speaker 5: I do that. I do the same.

599
00:28:39,280 --> 00:28:41,280
Speaker 2: And she was like, why do you do that? Like

600
00:28:41,320 --> 00:28:43,240
Speaker 2: you're cooking it anyway, and I'm like, nop, nop, that

601
00:28:43,360 --> 00:28:44,440
Speaker 2: slimy stuff got to go.

602
00:28:44,560 --> 00:28:47,920
Speaker 5: Make them feel better. Yeah, one hundred percent. So yeah,

603
00:28:47,920 --> 00:28:50,840
Speaker 5: probably just that I have always been money concious. Even

604
00:28:50,840 --> 00:28:53,320
Speaker 5: when I go out for dinner, I don't get a drink,

605
00:28:53,640 --> 00:28:56,640
Speaker 5: not because I'm depriving myself of being thirsty, but because

606
00:28:56,760 --> 00:28:59,360
Speaker 5: I don't need the coke, I don't need the whatever.

607
00:28:59,520 --> 00:29:01,520
Speaker 5: I'll just have the tablewoader. It's all good.

608
00:29:01,880 --> 00:29:09,160
Speaker 2: So yeah, she's savvy, savvy. That's god savvy. I love it.

609
00:29:09,160 --> 00:29:13,239
Speaker 2: It's really specific too, like it's not it's like, all right,

610
00:29:13,320 --> 00:29:17,640
Speaker 2: so Monday like money habit. People are usually like less specific.

611
00:29:17,640 --> 00:29:19,640
Speaker 2: They're like, I'm pretty good at budgeting and I go, okay, cool,

612
00:29:19,640 --> 00:29:21,560
Speaker 2: and you're like no, no, no, So my best budgeting hack

613
00:29:21,720 --> 00:29:25,720
Speaker 2: is at six pm on Mondays, the Woolies Catalog comes

614
00:29:25,760 --> 00:29:28,400
Speaker 2: out and you can then budget so that Wednesday you

615
00:29:28,520 --> 00:29:32,760
Speaker 2: purchase your groceries and you are done. You're an icon.

616
00:29:33,200 --> 00:29:35,280
Speaker 2: I know that other people are going to start doing this.

617
00:29:35,880 --> 00:29:38,680
Speaker 5: I love this. I hope that it helps someone.

618
00:29:39,120 --> 00:29:40,200
Speaker 2: You're a genius.

619
00:29:40,320 --> 00:29:40,720
Speaker 5: All right.

620
00:29:40,880 --> 00:29:43,480
Speaker 2: Now, tell me your worst money have Do you even

621
00:29:43,520 --> 00:29:44,959
Speaker 2: have worst money habits?

622
00:29:45,240 --> 00:29:47,800
Speaker 5: I do? I do. And the one thing that I'm

623
00:29:47,840 --> 00:29:51,720
Speaker 5: super conscious of is probably sometimes I get into this

624
00:29:51,920 --> 00:29:56,800
Speaker 5: yolo mindset. I'm like, yeah, I work really hard, and

625
00:29:56,840 --> 00:29:59,880
Speaker 5: I you know, I work hard for my money, and

626
00:29:59,920 --> 00:30:02,840
Speaker 5: I save a lot of money every month, and sometimes

627
00:30:02,840 --> 00:30:05,360
Speaker 5: I deserve it. Let's just buy a jet ski. And

628
00:30:05,400 --> 00:30:07,640
Speaker 5: so I've owned two jet skis and I still have one.

629
00:30:08,800 --> 00:30:12,240
Speaker 2: Sorry what I did not see? Sorry? Sorry, sorry, sorry,

630
00:30:12,440 --> 00:30:14,720
Speaker 2: just a backtrack. We were just talking about how good

631
00:30:14,760 --> 00:30:18,280
Speaker 2: you were at the Woolies Catalog and then you're like,

632
00:30:18,880 --> 00:30:19,960
Speaker 2: jet skis.

633
00:30:20,800 --> 00:30:20,880
Speaker 1: What?

634
00:30:21,360 --> 00:30:25,280
Speaker 5: Yeah, oh gosh, it's pretty funny.

635
00:30:25,440 --> 00:30:27,440
Speaker 2: Do you ride these jet ski Like? Please tell me

636
00:30:27,440 --> 00:30:30,120
Speaker 2: how this fits into your lifestyle? Do you live by

637
00:30:30,120 --> 00:30:32,040
Speaker 2: the water, Like, tell me more.

638
00:30:31,880 --> 00:30:34,640
Speaker 5: I do? I do. I live like five minutes from

639
00:30:34,880 --> 00:30:39,160
Speaker 5: the water, So yeah, I do. I do ride them? Well,

640
00:30:39,280 --> 00:30:42,000
Speaker 5: during summer, but I'm actually selling it. I buy them,

641
00:30:42,080 --> 00:30:44,200
Speaker 5: I have some fun, and then I sell them to

642
00:30:44,360 --> 00:30:47,280
Speaker 5: They don't go down because it's definitely not an asset.

643
00:30:47,360 --> 00:30:49,440
Speaker 5: They cost a lot of money, but it's fun. So

644
00:30:49,480 --> 00:30:53,440
Speaker 5: this is what I mean by these yolo mindsets. I go, ah,

645
00:30:53,640 --> 00:30:54,040
Speaker 5: it's all.

646
00:30:54,000 --> 00:30:56,320
Speaker 2: Great, okay, So tell me more about this jet ski.

647
00:30:56,400 --> 00:30:57,640
Speaker 2: I need to know. I don't even know what a

648
00:30:57,720 --> 00:31:00,719
Speaker 2: jet ski costs, what's a jet ski class, how does

649
00:31:00,760 --> 00:31:02,600
Speaker 2: it work? How much does it cost you to run?

650
00:31:02,840 --> 00:31:04,240
Speaker 2: Tell me all of it? And how often do you

651
00:31:04,320 --> 00:31:07,000
Speaker 2: even use this? Because at the start of this episode,

652
00:31:07,080 --> 00:31:09,880
Speaker 2: you're earning one hundred and fifteen thousand dollars plus super

653
00:31:10,120 --> 00:31:12,720
Speaker 2: plus a car, plus you have a beauty business, plus

654
00:31:12,760 --> 00:31:14,920
Speaker 2: you do disability support work. When a you're riding this

655
00:31:15,040 --> 00:31:15,680
Speaker 2: jet ski bag.

656
00:31:15,840 --> 00:31:18,000
Speaker 5: Well, that's my problem is I get into this mindset.

657
00:31:18,000 --> 00:31:20,280
Speaker 5: I'm like, yeah, well then I go every Sunday, and

658
00:31:20,320 --> 00:31:23,640
Speaker 5: then Sunday comes around and I'm busy. So a jetski

659
00:31:23,680 --> 00:31:26,520
Speaker 5: it depends, like you know, you can get a brand

660
00:31:26,560 --> 00:31:28,600
Speaker 5: new one for twenty five thousand dollars, but I'll just

661
00:31:28,640 --> 00:31:32,239
Speaker 5: get my Facebook marketplace and I think I got it

662
00:31:32,360 --> 00:31:35,440
Speaker 5: for like thirteen thousand, the most recent one, and I

663
00:31:35,440 --> 00:31:37,680
Speaker 5: hope to sell it for the same, okay, but in summer,

664
00:31:37,760 --> 00:31:40,280
Speaker 5: so I'm holding it until summer because that's when they're

665
00:31:40,320 --> 00:31:42,480
Speaker 5: worth more. Right now, people don't want to buy jetskis

666
00:31:42,480 --> 00:31:43,240
Speaker 5: because it's winter.

667
00:31:43,600 --> 00:31:47,560
Speaker 2: Okay. She's an investing icon. She she knows how to

668
00:31:47,640 --> 00:31:48,480
Speaker 2: invest in money.

669
00:31:48,560 --> 00:31:51,120
Speaker 5: It's just sitting there at the moment in the yard.

670
00:31:51,640 --> 00:31:53,920
Speaker 2: You're a jet ski flipper, yes.

671
00:31:54,160 --> 00:31:57,160
Speaker 5: Yes, yes, my first time that I've ever owned. I

672
00:31:57,280 --> 00:31:59,880
Speaker 5: sold for five hundred dollars more than I bought it for.

673
00:32:00,160 --> 00:32:03,040
Speaker 2: So okay, so you got paid to go riding jet

674
00:32:03,080 --> 00:32:06,360
Speaker 2: ski basically, not just petrol cost in a jet ski.

675
00:32:06,600 --> 00:32:08,920
Speaker 5: It's probably like I put fifty dollars in, or like

676
00:32:08,960 --> 00:32:10,840
Speaker 5: I'll fill up the tank before I go out every

677
00:32:10,920 --> 00:32:12,720
Speaker 5: time close. If I get stuck in the ocean, I

678
00:32:12,760 --> 00:32:16,040
Speaker 5: need a full tank, So probably fifty dollars. So that's

679
00:32:16,080 --> 00:32:18,760
Speaker 5: what I mean is it's not it's not very smart

680
00:32:18,760 --> 00:32:21,840
Speaker 5: financially though, to fill it up every week fifty bucks,

681
00:32:21,880 --> 00:32:23,480
Speaker 5: and then if you get insurance.

682
00:32:23,000 --> 00:32:25,640
Speaker 2: All I do the same. There's absolutely no chance that

683
00:32:25,800 --> 00:32:28,959
Speaker 2: I would be riding a jet ski that didn't have

684
00:32:28,960 --> 00:32:31,240
Speaker 2: a full tank like I'm in the ocean, Like, no

685
00:32:31,280 --> 00:32:33,400
Speaker 2: one's going to drive past and be like, do you

686
00:32:33,400 --> 00:32:33,920
Speaker 2: need a lift?

687
00:32:34,240 --> 00:32:37,400
Speaker 5: Exactly exactly right? And then yeah, if you have insurance

688
00:32:37,440 --> 00:32:38,960
Speaker 5: on them, it's like three hundred dollars a month.

689
00:32:39,040 --> 00:32:41,040
Speaker 2: Wait, what three hundred dollars a month? Three insurance on

690
00:32:41,080 --> 00:32:42,400
Speaker 2: a jet ski because.

691
00:32:42,160 --> 00:32:44,320
Speaker 5: Of how many accidents happen on them in the water.

692
00:32:45,040 --> 00:32:47,800
Speaker 2: Wow, So tell me about this. So we're holding our

693
00:32:47,880 --> 00:32:51,160
Speaker 2: jet ski, We're going to sell it coming into summer. Yes,

694
00:32:51,240 --> 00:32:53,680
Speaker 2: that's quite smart. Would you buy another jet ski?

695
00:32:53,840 --> 00:32:56,400
Speaker 5: No? No, I need to keep that money in our

696
00:32:56,440 --> 00:32:59,840
Speaker 5: offset and be working hard for me because this interest

697
00:33:00,080 --> 00:33:02,240
Speaker 5: that I'm paying every month is very sad of me.

698
00:33:02,760 --> 00:33:04,360
Speaker 2: What are you going to do instead of jet ski?

699
00:33:04,560 --> 00:33:07,120
Speaker 2: Because I feel like you've got this like adventurous spirit,

700
00:33:07,200 --> 00:33:09,120
Speaker 2: You're going to need some kind of outlet. What's that

701
00:33:09,200 --> 00:33:09,560
Speaker 2: going to be?

702
00:33:09,760 --> 00:33:13,600
Speaker 5: I don't really use it now? Okay, Yeah, so I

703
00:33:13,680 --> 00:33:15,440
Speaker 5: kind of feel like I'll be all right. I just

704
00:33:15,480 --> 00:33:17,400
Speaker 5: go for go to the gym, get a coffee, go

705
00:33:17,480 --> 00:33:21,560
Speaker 5: for a walk, climb a mountain instead, maybe swim in

706
00:33:21,600 --> 00:33:23,760
Speaker 5: the ocean instead of ride on the ocean.

707
00:33:24,560 --> 00:33:27,280
Speaker 2: See, this is a really good example of how you

708
00:33:27,320 --> 00:33:31,120
Speaker 2: can never predict someone's worst or best money habits or

709
00:33:31,160 --> 00:33:34,680
Speaker 2: what's going to come out, because had we tried to

710
00:33:34,720 --> 00:33:39,840
Speaker 2: play a game of guessing, we would have been wildly inaccurate. Yes, yes,

711
00:33:40,000 --> 00:33:42,680
Speaker 2: and I guess that's why I love money doughs. Okay,

712
00:33:42,800 --> 00:33:45,560
Speaker 2: So at the start of the episode, you told us

713
00:33:45,600 --> 00:33:49,560
Speaker 2: that your money grade was a solid Bee. Now I'd

714
00:33:49,600 --> 00:33:52,520
Speaker 2: probably argue with that because in my mind, you're still

715
00:33:52,560 --> 00:33:54,600
Speaker 2: twenty one and you are killing it at life. But

716
00:33:54,680 --> 00:33:56,320
Speaker 2: I want to know a bit more about why you

717
00:33:56,360 --> 00:33:58,880
Speaker 2: think you're a bee and what it might take to

718
00:33:58,920 --> 00:34:00,000
Speaker 2: get you to an a play.

719
00:34:00,720 --> 00:34:04,920
Speaker 5: It's probably still this frivolous or like yolo mindset that

720
00:34:04,960 --> 00:34:07,840
Speaker 5: I keep referring to. Is sometimes I go, ah, I

721
00:34:07,880 --> 00:34:10,560
Speaker 5: need some new running shoes, let's just do it. I

722
00:34:10,719 --> 00:34:15,560
Speaker 5: have implemented a system that I have just done, but

723
00:34:15,920 --> 00:34:18,560
Speaker 5: hopefully that will help in aiding me to have more

724
00:34:18,760 --> 00:34:21,279
Speaker 5: just a little bit of barriers around that. So the

725
00:34:21,360 --> 00:34:24,399
Speaker 5: money that I earn from lashes, I get it out

726
00:34:24,400 --> 00:34:26,720
Speaker 5: into cash and I have one of those cash books,

727
00:34:27,000 --> 00:34:29,279
Speaker 5: and they each have a different purpose. So one's like

728
00:34:29,360 --> 00:34:34,799
Speaker 5: shopping and one's like beauty or miscellaneous or whatever. One

729
00:34:34,840 --> 00:34:39,000
Speaker 5: of them is also yeah, miscellaneous because I'm paid monthly,

730
00:34:39,719 --> 00:34:43,960
Speaker 5: but some months there's five weeks or there's an extra Wednesday,

731
00:34:44,080 --> 00:34:46,360
Speaker 5: and I'm paid on the last Wednesday every month, and

732
00:34:46,400 --> 00:34:48,200
Speaker 5: then I put money away for that. So I think

733
00:34:48,200 --> 00:34:51,200
Speaker 5: it's budget based on four weeks. Makes it feel like

734
00:34:51,239 --> 00:34:52,120
Speaker 5: I'm saving more.

735
00:34:52,280 --> 00:34:54,680
Speaker 2: Yeah, no, that's fair. What's your budgeting system look like

736
00:34:54,800 --> 00:34:56,600
Speaker 2: right now for.

737
00:34:56,400 --> 00:34:58,920
Speaker 5: The side hustle money or including.

738
00:34:58,600 --> 00:35:01,880
Speaker 2: Everything everything okay? Or if you've got separate budgets for

739
00:35:01,960 --> 00:35:03,879
Speaker 2: each income I do? Is that what I'm hearing?

740
00:35:04,480 --> 00:35:04,719
Speaker 1: Right?

741
00:35:04,920 --> 00:35:05,920
Speaker 2: So tell me more about this.

742
00:35:06,440 --> 00:35:11,319
Speaker 5: So the beauty money as well as the disability support money,

743
00:35:11,320 --> 00:35:13,799
Speaker 5: when it does come through, I get it out some

744
00:35:13,840 --> 00:35:16,040
Speaker 5: people paying cash, but if not, I get it all

745
00:35:16,080 --> 00:35:18,600
Speaker 5: out in cash, and I put it into this little book,

746
00:35:18,680 --> 00:35:21,600
Speaker 5: so I will divide it between ones for investing, ones

747
00:35:21,600 --> 00:35:24,880
Speaker 5: for shopping, and that way, when I want to shop,

748
00:35:25,080 --> 00:35:26,880
Speaker 5: if I don't have money in my little pouch, I

749
00:35:26,920 --> 00:35:30,239
Speaker 5: can't go shopping. Instead of developing this frivolous oh, I

750
00:35:30,239 --> 00:35:33,480
Speaker 5: don't put money away for shopping, I've started to do

751
00:35:33,520 --> 00:35:35,919
Speaker 5: that and that that way, that money feels like it's

752
00:35:35,960 --> 00:35:39,319
Speaker 5: working towards something fun, not paying for bills, and then

753
00:35:39,480 --> 00:35:43,320
Speaker 5: my normal salary can be well, obviously, Yeah, I send

754
00:35:43,400 --> 00:35:46,800
Speaker 5: a certain amount to my bill's account, and that's purely

755
00:35:46,880 --> 00:35:50,160
Speaker 5: because I don't want them coming out of my offset account,

756
00:35:50,320 --> 00:35:52,239
Speaker 5: just a way to help me feel better like I'm

757
00:35:52,239 --> 00:35:54,720
Speaker 5: still managing my money. I know that the more money

758
00:35:54,760 --> 00:35:57,080
Speaker 5: in there the better, and then the rest.

759
00:35:57,239 --> 00:35:59,360
Speaker 2: No, that makes sense. We've also got to have like

760
00:35:59,360 --> 00:36:01,719
Speaker 2: a healthy mind set around our money, and if it's

761
00:36:01,760 --> 00:36:03,200
Speaker 2: stressing us, it's not worth it.

762
00:36:03,360 --> 00:36:06,120
Speaker 5: Yes, yes, that's right. And I'm like the extra few

763
00:36:06,160 --> 00:36:08,279
Speaker 5: dollars of interest that I might have saved for the

764
00:36:08,320 --> 00:36:10,480
Speaker 5: sanity that it gives me to make me feel in

765
00:36:10,520 --> 00:36:12,839
Speaker 5: control of my money. Oh, let it be now.

766
00:36:12,840 --> 00:36:15,279
Speaker 2: I don't know if you know this or you need

767
00:36:15,320 --> 00:36:18,440
Speaker 2: to talk to your broker about this, but if you

768
00:36:18,560 --> 00:36:21,000
Speaker 2: currently have an offset, there is a very high chance

769
00:36:21,040 --> 00:36:24,680
Speaker 2: that you're allowed multiple offsets, So you might be able

770
00:36:24,719 --> 00:36:28,399
Speaker 2: to establish a few more offsets so that you can

771
00:36:28,440 --> 00:36:30,440
Speaker 2: still separate your business and not feel too bad. But

772
00:36:30,520 --> 00:36:33,239
Speaker 2: you're still making the most of the interest, but it

773
00:36:33,360 --> 00:36:35,839
Speaker 2: is segregated and it doesn't feel like it's coming out

774
00:36:35,880 --> 00:36:38,400
Speaker 2: of your quote savings account. But while it's sitting there,

775
00:36:38,440 --> 00:36:41,120
Speaker 2: it's still offsetting your interest. So that might be something

776
00:36:41,120 --> 00:36:44,000
Speaker 2: that you ask your broker about gotch because that might

777
00:36:44,040 --> 00:36:44,920
Speaker 2: be really sexy.

778
00:36:45,440 --> 00:36:46,560
Speaker 5: Yes, and I think we do.

779
00:36:46,800 --> 00:36:48,759
Speaker 2: You still want it separate, and I totally get that.

780
00:36:48,800 --> 00:36:50,919
Speaker 5: I still want it separate, but I think we may.

781
00:36:51,320 --> 00:36:53,200
Speaker 5: We did speak about this, and we have to split

782
00:36:53,280 --> 00:36:55,200
Speaker 5: the loan in order to have two offsets, or you

783
00:36:55,239 --> 00:36:57,120
Speaker 5: pay extra fees for a second offset.

784
00:36:57,200 --> 00:37:00,480
Speaker 2: Oh no, thank you. In that case, I'll depart with that.

785
00:37:00,560 --> 00:37:02,840
Speaker 5: So, yeah, I get to certain amount to the bills

786
00:37:02,840 --> 00:37:05,600
Speaker 5: and then literally the rest just goes to offset the

787
00:37:05,640 --> 00:37:07,560
Speaker 5: interest and we live off the credit card and then

788
00:37:07,680 --> 00:37:10,439
Speaker 5: we pay it. So that's very new though, that's very

789
00:37:10,440 --> 00:37:12,840
Speaker 5: different to how I used to manage my money. That

790
00:37:12,920 --> 00:37:15,040
Speaker 5: we used to have a credit card, but now I've

791
00:37:15,160 --> 00:37:16,920
Speaker 5: kind of done that for the points hacking as well

792
00:37:17,000 --> 00:37:18,000
Speaker 5: to get a few holidays.

793
00:37:18,120 --> 00:37:21,000
Speaker 2: Smart woman, Ann, are you responsible with your credit card?

794
00:37:21,200 --> 00:37:23,080
Speaker 5: I am? I am. You actually live in the back

795
00:37:23,120 --> 00:37:24,680
Speaker 5: of my mind when I think about it.

796
00:37:25,680 --> 00:37:27,880
Speaker 2: Because you're like Victoria wouldn't be smart with this. I

797
00:37:27,920 --> 00:37:28,920
Speaker 2: can be better than her.

798
00:37:29,000 --> 00:37:29,680
Speaker 5: She tells me.

799
00:37:29,760 --> 00:37:34,320
Speaker 2: Don't tap, tap tap, no tapping, no tapping. Research tells

800
00:37:34,400 --> 00:37:37,160
Speaker 2: us that people who have credit cards spend twenty two

801
00:37:37,239 --> 00:37:39,920
Speaker 2: percent more than people who use a debit card. Oh my,

802
00:37:40,160 --> 00:37:42,680
Speaker 2: that's terrified, So no, tappy, tappy.

803
00:37:42,440 --> 00:37:44,400
Speaker 5: No, no, no, no, no, no.

804
00:37:44,680 --> 00:37:48,080
Speaker 2: Oh my gosh, money, Dirice. This has been an absolute pleasure.

805
00:37:48,120 --> 00:37:50,520
Speaker 2: I feel like I've learned so much from knowing how

806
00:37:50,520 --> 00:37:53,440
Speaker 2: to get the cheapest price by looking out for the

807
00:37:53,480 --> 00:37:56,360
Speaker 2: Woollies catalog on a Monday and going shopping on a Wednesday,

808
00:37:56,600 --> 00:38:00,799
Speaker 2: to how to impulse purchase jet skis responsibly. This has

809
00:38:00,880 --> 00:38:04,480
Speaker 2: been a ride. I've loved it. Sadly, it is all

810
00:38:04,520 --> 00:38:07,400
Speaker 2: we have time for today, so I'm really grateful that

811
00:38:07,480 --> 00:38:10,160
Speaker 2: you've shared I guess all of this with us. It's

812
00:38:10,239 --> 00:38:14,800
Speaker 2: so inspiring to see someone so young doing so well,

813
00:38:14,960 --> 00:38:18,040
Speaker 2: and it just makes me so happy. Future is looking

814
00:38:18,160 --> 00:38:21,560
Speaker 2: brut I'm really excited for you and your partner, and

815
00:38:21,719 --> 00:38:24,080
Speaker 2: I'm just so excited that you've gotten here, So congrats

816
00:38:24,080 --> 00:38:26,520
Speaker 2: on the first home and everything that you've achieved thus far.

817
00:38:27,040 --> 00:38:29,200
Speaker 2: I can't wait till, hopefully in a few years tap

818
00:38:29,239 --> 00:38:31,080
Speaker 2: you on the shoulder and ask to do an updated

819
00:38:31,120 --> 00:38:33,879
Speaker 2: money diary. So let's wait out for that.

820
00:38:34,000 --> 00:38:35,879
Speaker 5: Thank you so much for having me, and I really

821
00:38:35,960 --> 00:38:38,440
Speaker 5: do hope that this can give someone a little bit

822
00:38:38,480 --> 00:38:40,400
Speaker 5: of inspiration and that I can listen to this in

823
00:38:40,440 --> 00:38:43,120
Speaker 5: ten years time and go who was she? Where is

824
00:38:43,160 --> 00:38:43,520
Speaker 5: she now?

825
00:38:43,840 --> 00:38:45,919
Speaker 2: Oh my gosh, I love it. Thank you so much,

826
00:38:45,960 --> 00:38:54,720
Speaker 2: it has been a pleasure. Did By shared on She's

827
00:38:54,760 --> 00:38:57,040
Speaker 2: on the Money is general in nature and does not

828
00:38:57,160 --> 00:39:01,400
Speaker 2: consider your individual circumstances. She's on the Money exists purely

829
00:39:01,440 --> 00:39:04,360
Speaker 2: for educational purposes and should not be relied upon to

830
00:39:04,400 --> 00:39:07,719
Speaker 2: make an investment or financial decision. If you do choose

831
00:39:07,760 --> 00:39:09,440
Speaker 2: to buy a financial product.

832
00:39:09,120 --> 00:39:12,959
Speaker 6: Read the PDS TMD and obtain appropriate financial advice.

833
00:39:12,680 --> 00:39:14,000
Speaker 2: Tailored towards your needs.

834
00:39:14,400 --> 00:39:18,320
Speaker 6: Victoria Divine and Sheese on the Money are authorized representatives

835
00:39:18,360 --> 00:39:22,080
Speaker 6: of Money Sherper Pty Ltd a BN three two one

836
00:39:22,280 --> 00:39:26,200
Speaker 6: six four nine two seven seven zero eight AFSL four

837
00:39:26,280 --> 00:39:28,400
Speaker 6: five one two eight nine