1
00:00:00,680 --> 00:00:04,920
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

2
00:00:04,960 --> 00:00:08,680
Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before

3
00:00:08,680 --> 00:00:11,160
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,160 --> 00:00:14,319
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,400 --> 00:00:17,680
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,120 --> 00:00:22,560
Speaker 1: acknowledging the elders, the ancestors and the next generation coming through.

7
00:00:23,040 --> 00:00:27,159
Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

8
00:00:27,240 --> 00:00:30,600
Speaker 1: the storytelling of you to make a difference for today

9
00:00:31,040 --> 00:00:32,640
Speaker 1: and lasting impact for tomorrow.

10
00:00:33,320 --> 00:00:34,120
Speaker 2: Let's get into it.

11
00:00:34,760 --> 00:00:39,000
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,800 --> 00:01:00,840
Speaker 2: Hello, and welcome to She's on the Mune, the podcast

13
00:01:00,920 --> 00:01:04,839
Speaker 2: for millennials who want financial freedom. Welcome back to another

14
00:01:04,880 --> 00:01:07,679
Speaker 2: one of my favorite episodes, the Money Diaries, where we

15
00:01:07,720 --> 00:01:10,039
Speaker 2: get to talk with one of our incredible Shees on

16
00:01:10,080 --> 00:01:13,560
Speaker 2: the Money community members all about their money story and journey.

17
00:01:13,920 --> 00:01:16,720
Speaker 2: Let's jump straight into this one because this week I

18
00:01:16,760 --> 00:01:20,160
Speaker 2: got a message and it went like this, Hi, Victoria.

19
00:01:20,240 --> 00:01:22,920
Speaker 2: Three years ago, I had one bank account and very

20
00:01:23,040 --> 00:01:26,760
Speaker 2: poor spending habits, no savings, and I wouldn't talk about money,

21
00:01:26,800 --> 00:01:29,040
Speaker 2: and I couldn't bear to look at our joint finances.

22
00:01:29,319 --> 00:01:32,000
Speaker 2: My husband had to beg me to make a spreadsheet

23
00:01:32,040 --> 00:01:35,720
Speaker 2: and budget as I completely refused. I left studying a

24
00:01:35,720 --> 00:01:38,640
Speaker 2: health degree to pursue my dreams of becoming an artist.

25
00:01:39,080 --> 00:01:41,479
Speaker 2: Fast forward to now, I have now been a full

26
00:01:41,480 --> 00:01:45,400
Speaker 2: time artist with staff for two years. I have no debt,

27
00:01:45,680 --> 00:01:49,440
Speaker 2: tax savings, three assigned bank accounts for my business. My

28
00:01:49,600 --> 00:01:53,560
Speaker 2: mindset around money has changed hugely. I am across all

29
00:01:53,560 --> 00:01:56,320
Speaker 2: our finances now and would love to discuss becoming a

30
00:01:56,360 --> 00:01:59,360
Speaker 2: business owner during the pandemic and how talking about money

31
00:01:59,400 --> 00:02:03,480
Speaker 2: and getting on with our finances has changed absolutely everything

32
00:02:04,000 --> 00:02:07,240
Speaker 2: money diarist, Welcome to the show. Hi, How exciting is that?

33
00:02:07,440 --> 00:02:08,600
Speaker 4: Oh, I'm so excited.

34
00:02:08,760 --> 00:02:10,080
Speaker 2: Such a flex Thank you.

35
00:02:10,919 --> 00:02:12,399
Speaker 4: So I'm so tough to be here.

36
00:02:12,680 --> 00:02:15,600
Speaker 2: I am so excited to have you imagine. I don't know.

37
00:02:15,680 --> 00:02:17,800
Speaker 2: I just think it's one of those things. To like

38
00:02:18,040 --> 00:02:22,680
Speaker 2: take your your passion full time is bloody terrifying, Let's

39
00:02:22,680 --> 00:02:26,320
Speaker 2: be honest. But as I'm sure you can attest the

40
00:02:26,360 --> 00:02:29,440
Speaker 2: best thing you'll do in your whole entire life, but

41
00:02:29,520 --> 00:02:31,240
Speaker 2: to not only have done that, but to also go

42
00:02:31,400 --> 00:02:33,600
Speaker 2: I'm not only a full time artist, guys, I'm an

43
00:02:33,680 --> 00:02:36,480
Speaker 2: artist with stuff like that's a flex.

44
00:02:37,720 --> 00:02:39,280
Speaker 4: Well, to be fair, she's on matt leave, but she

45
00:02:39,320 --> 00:02:39,880
Speaker 4: still counts.

46
00:02:40,280 --> 00:02:42,799
Speaker 2: No, she still counts, she still counts. She's I mean,

47
00:02:43,040 --> 00:02:47,480
Speaker 2: she's on matt leave from some business where she is employed. Yeah,

48
00:02:47,520 --> 00:02:49,880
Speaker 2: how good? All right, before we get into the nitty

49
00:02:49,880 --> 00:02:51,600
Speaker 2: gritty of all the questions, I want to ask you.

50
00:02:51,639 --> 00:02:53,720
Speaker 2: I want to know what grade would you give your

51
00:02:53,760 --> 00:02:56,240
Speaker 2: money habits on a scale of A through F.

52
00:02:57,160 --> 00:02:59,359
Speaker 4: I have been mulling over this and I'm gonna say

53
00:02:59,360 --> 00:03:01,000
Speaker 4: I'm gonna sit in B A B.

54
00:03:01,360 --> 00:03:03,440
Speaker 2: All right. Well, we're just going to save that one

55
00:03:03,600 --> 00:03:05,560
Speaker 2: for later, and we'll have a chat about that at

56
00:03:05,560 --> 00:03:08,519
Speaker 2: the end of the episode. But I'm so excited to

57
00:03:08,600 --> 00:03:10,760
Speaker 2: learn more about you. Can you tell me a little

58
00:03:10,760 --> 00:03:13,000
Speaker 2: bit more about your money story and journey?

59
00:03:13,440 --> 00:03:13,639
Speaker 1: Oh?

60
00:03:13,760 --> 00:03:16,640
Speaker 4: Yeah, of course. So I was challenged to my husband

61
00:03:16,639 --> 00:03:19,360
Speaker 4: because I wanted to actually pinpoint when we sat down

62
00:03:19,400 --> 00:03:21,800
Speaker 4: and we had our big chat. So it was the

63
00:03:21,880 --> 00:03:24,680
Speaker 4: Christmas of twenty nineteen, just the start of twenty twenty,

64
00:03:24,720 --> 00:03:29,519
Speaker 4: so I would have been twenty five. I was very

65
00:03:29,560 --> 00:03:32,760
Speaker 4: head in the sand, very just don't tell me how

66
00:03:32,760 --> 00:03:34,720
Speaker 4: to manage my money. I'll figure it out myself.

67
00:03:34,840 --> 00:03:35,760
Speaker 2: I don't need nobody.

68
00:03:35,840 --> 00:03:39,120
Speaker 4: Yep, pretty much. I was just very weak by week

69
00:03:39,200 --> 00:03:41,280
Speaker 4: the money that would come in, I would just address

70
00:03:41,400 --> 00:03:43,720
Speaker 4: what was immediately in front of me and I wouldn't

71
00:03:43,760 --> 00:03:46,200
Speaker 4: think much past that. So I'd be like, Okay, my

72
00:03:46,400 --> 00:03:48,840
Speaker 4: car bills are coming in this week. I'll just deal

73
00:03:48,880 --> 00:03:50,480
Speaker 4: with that, and I wouldn't think of anything else. It

74
00:03:50,520 --> 00:03:53,280
Speaker 4: was very I had my little binoculars on, but not

75
00:03:53,360 --> 00:03:54,000
Speaker 4: in a good way.

76
00:03:54,200 --> 00:03:56,440
Speaker 2: Yeah, I feel like that's really relatable to a lot

77
00:03:56,440 --> 00:03:59,080
Speaker 2: of people in our community. Is that how you grew

78
00:03:59,160 --> 00:04:01,360
Speaker 2: up around money? What was it like as a child

79
00:04:01,520 --> 00:04:02,480
Speaker 2: talking about money?

80
00:04:02,560 --> 00:04:05,880
Speaker 4: Again, very head in the sand. So I really didn't

81
00:04:05,880 --> 00:04:10,080
Speaker 4: know much about my parents' finances. They owned their own business,

82
00:04:10,120 --> 00:04:11,640
Speaker 4: and I was I don't know if it was my

83
00:04:11,760 --> 00:04:14,560
Speaker 4: own doing just not wanting to learn about it, or

84
00:04:14,640 --> 00:04:17,599
Speaker 4: if they didn't speak about it. But I was really

85
00:04:17,680 --> 00:04:20,640
Speaker 4: unaware of what, yeah, of how their finances were.

86
00:04:20,920 --> 00:04:23,920
Speaker 2: It's pretty common. And then becoming an adult, I want

87
00:04:23,960 --> 00:04:25,640
Speaker 2: to know how old were you when you got married.

88
00:04:25,800 --> 00:04:28,080
Speaker 2: Was that something that you talked about then or was

89
00:04:28,120 --> 00:04:31,599
Speaker 2: like there a particular moment that you were like, oh, okay,

90
00:04:31,760 --> 00:04:34,240
Speaker 2: well now we're going to have to talk about finances,

91
00:04:34,320 --> 00:04:36,279
Speaker 2: or was it literally after you were married, and you

92
00:04:36,279 --> 00:04:38,559
Speaker 2: were like, all right, being told off by my husband

93
00:04:38,600 --> 00:04:40,760
Speaker 2: one too many times, I guess I'll do this budget.

94
00:04:41,040 --> 00:04:43,479
Speaker 4: Yeah. Well, we had been saying that we were saving

95
00:04:43,520 --> 00:04:45,520
Speaker 4: for a house for quite some time, and it just

96
00:04:45,600 --> 00:04:48,599
Speaker 4: felt very loose, like, oh, yeah, we're saving for a house,

97
00:04:49,040 --> 00:04:51,560
Speaker 4: but we didn't really have much to show for it.

98
00:04:51,600 --> 00:04:54,920
Speaker 4: We didn't really have any plans in place, and we

99
00:04:54,960 --> 00:04:57,600
Speaker 4: didn't you know, didn't have a savings account for our house.

100
00:04:57,640 --> 00:04:59,320
Speaker 4: It was kind of this just this thing that we

101
00:04:59,360 --> 00:05:01,599
Speaker 4: said we would do, but we didn't really have anything

102
00:05:02,000 --> 00:05:04,160
Speaker 4: to show for it. So I think it kind of

103
00:05:04,200 --> 00:05:07,039
Speaker 4: got to the point where my husband was like, no,

104
00:05:07,160 --> 00:05:10,560
Speaker 4: like we need to make this happen. How can we

105
00:05:10,600 --> 00:05:13,800
Speaker 4: make this happen? And can we please talk about this?

106
00:05:13,960 --> 00:05:17,000
Speaker 4: And then yeah, that's when I started listening to Shees

107
00:05:17,000 --> 00:05:19,640
Speaker 4: on the Money because I was like, Okay, well, in

108
00:05:19,680 --> 00:05:21,560
Speaker 4: my time, I'll come around to it.

109
00:05:22,200 --> 00:05:24,000
Speaker 2: I'll do it on my own terms. I'm not going

110
00:05:24,040 --> 00:05:26,240
Speaker 2: to listen to my husband, but I will listen to Victoria.

111
00:05:26,520 --> 00:05:28,840
Speaker 2: That's good. That's good. I like her. You can keep

112
00:05:28,880 --> 00:05:29,159
Speaker 2: that up.

113
00:05:29,279 --> 00:05:31,360
Speaker 4: I felt quite equipped when I came to the chat

114
00:05:31,400 --> 00:05:33,400
Speaker 4: because I said to him and I remember this so clearly.

115
00:05:33,440 --> 00:05:35,040
Speaker 4: It was his Christmas holidays and I was like, I'm

116
00:05:35,040 --> 00:05:37,800
Speaker 4: not doing it any sooner. We have this week allotted

117
00:05:38,160 --> 00:05:40,200
Speaker 4: and I will come prepared. And then we sat down

118
00:05:40,240 --> 00:05:40,640
Speaker 4: and then.

119
00:05:40,760 --> 00:05:44,479
Speaker 2: Ah, so sweet. Yeah, yeah, I am obsessed with that.

120
00:05:44,720 --> 00:05:47,960
Speaker 2: So obviously you are now a full time artist, which

121
00:05:48,000 --> 00:05:49,240
Speaker 2: is so beautiful.

122
00:05:49,400 --> 00:05:49,760
Speaker 4: Thank you.

123
00:05:49,800 --> 00:05:52,000
Speaker 2: I want to know tell me the pervy stuff though.

124
00:05:52,200 --> 00:05:54,280
Speaker 2: What money are you earning from being a full time

125
00:05:54,360 --> 00:05:56,159
Speaker 2: artist and can you tell us a little bit more

126
00:05:56,200 --> 00:05:59,800
Speaker 2: about what that role entails, because obviously being an artist

127
00:05:59,880 --> 00:06:01,320
Speaker 2: is super broad. Yeah.

128
00:06:01,440 --> 00:06:04,080
Speaker 4: Yeah, So I'm an artist in the way that I'm

129
00:06:04,120 --> 00:06:08,320
Speaker 4: a painter. So I create original artworks, I do prints.

130
00:06:08,480 --> 00:06:11,240
Speaker 4: I sell the licensing to some of my artworks.

131
00:06:11,320 --> 00:06:14,640
Speaker 2: Oh my gosh, what you sell licensing? That's big dog energy.

132
00:06:14,839 --> 00:06:18,159
Speaker 4: Thank you, thank you. I've mentored artists in the past,

133
00:06:18,320 --> 00:06:21,200
Speaker 4: I've run workshops and things like that, so it's super diverse,

134
00:06:21,279 --> 00:06:24,280
Speaker 4: which is something that I love. I'm also in the

135
00:06:24,320 --> 00:06:27,400
Speaker 4: process of getting an ADHD diagnosis, so I think that

136
00:06:27,640 --> 00:06:30,800
Speaker 4: has explains why I have, like, I love wearing so

137
00:06:30,839 --> 00:06:31,960
Speaker 4: many hats in my business.

138
00:06:32,160 --> 00:06:35,039
Speaker 2: Yeah, I feel like and it's all really novel and exciting.

139
00:06:35,440 --> 00:06:37,359
Speaker 2: But in saying that if you're in the process of

140
00:06:37,400 --> 00:06:41,080
Speaker 2: getting an ADHD diagnosis as a business own, you'll also

141
00:06:41,160 --> 00:06:43,520
Speaker 2: probably be aware that there are some parts of your

142
00:06:43,520 --> 00:06:45,320
Speaker 2: business so you're like, per, I'm not going to work

143
00:06:45,360 --> 00:06:48,480
Speaker 2: on that at all. That's not engaging, that's not exciting.

144
00:06:48,640 --> 00:06:51,320
Speaker 2: Absolutely not. Is that something that you resonate with.

145
00:06:52,040 --> 00:06:55,520
Speaker 4: Oh, it does. But fortunately I love being involved with

146
00:06:55,520 --> 00:06:57,719
Speaker 4: my finances and it seems to be a good focus.

147
00:06:57,800 --> 00:07:01,040
Speaker 4: Like I love my graphs, I love my spreadsheets, I

148
00:07:01,080 --> 00:07:03,400
Speaker 4: love my color coding. So that seems to me a

149
00:07:03,560 --> 00:07:05,200
Speaker 4: part that it's benefited.

150
00:07:05,560 --> 00:07:08,159
Speaker 2: Oh my gosh, how good, because I feel like I've

151
00:07:08,160 --> 00:07:10,440
Speaker 2: gotten to the point where I love helping you with

152
00:07:10,520 --> 00:07:13,920
Speaker 2: your finances talk about mine. Oh no, thank you, that's okay,

153
00:07:14,080 --> 00:07:16,600
Speaker 2: no worries, no worries. My accountant can do that, and

154
00:07:16,640 --> 00:07:18,240
Speaker 2: he can just tell me if I need to give

155
00:07:18,280 --> 00:07:20,720
Speaker 2: him more money for tax or not. That's just I

156
00:07:20,800 --> 00:07:23,320
Speaker 2: need to be better at it, because I'm definitely at

157
00:07:23,320 --> 00:07:25,000
Speaker 2: this point in time and do as I say, not

158
00:07:25,080 --> 00:07:27,120
Speaker 2: as I do. Kind of money gal, like, I'll give

159
00:07:27,120 --> 00:07:29,200
Speaker 2: you all the tips, but I'd prefer to talk about

160
00:07:29,240 --> 00:07:29,800
Speaker 2: your business.

161
00:07:29,880 --> 00:07:32,120
Speaker 4: Oh yes, I've just circled back. I realized I didn't act

162
00:07:32,120 --> 00:07:34,480
Speaker 4: to answer your questions. So the nitty gritty. So this

163
00:07:34,680 --> 00:07:37,280
Speaker 4: year I'm looking at a turnover of about one hundred

164
00:07:37,320 --> 00:07:38,000
Speaker 4: thousand dollars.

165
00:07:38,160 --> 00:07:40,360
Speaker 2: Oh my gosh, yes, queen.

166
00:07:40,240 --> 00:07:43,280
Speaker 4: Yeah, which is really exciting. But then I've also registered

167
00:07:43,280 --> 00:07:48,760
Speaker 4: for GST, which hurts, yes, and then obviously saving for

168
00:07:48,840 --> 00:07:52,240
Speaker 4: tax and expenses. I pay myself anywhere, so I draw

169
00:07:52,280 --> 00:07:54,400
Speaker 4: a wage, which is really exciting, and I pay SUPER.

170
00:07:54,800 --> 00:07:58,160
Speaker 4: So I pay myself anywhere from about eight hundred to

171
00:07:58,320 --> 00:08:01,920
Speaker 4: nine hundred dollars a week and about anywhere between, say

172
00:08:01,960 --> 00:08:03,760
Speaker 4: fifty to eighty dollars a week in SUPER.

173
00:08:04,120 --> 00:08:06,559
Speaker 2: Oh how good. I'm so glad that, as a young

174
00:08:06,880 --> 00:08:10,120
Speaker 2: artist you're prioritizing that it is so important.

175
00:08:10,600 --> 00:08:14,400
Speaker 4: Yeah, so you can definitely understand the pull as to

176
00:08:14,440 --> 00:08:17,160
Speaker 4: why people don't want to pay their SUPER because it's

177
00:08:17,160 --> 00:08:17,840
Speaker 4: not that sexy.

178
00:08:17,920 --> 00:08:19,880
Speaker 2: Let's be honest, out of sight, out of mind a

179
00:08:19,880 --> 00:08:20,560
Speaker 2: lot of the time.

180
00:08:21,000 --> 00:08:23,840
Speaker 4: Yeah, yep. So every Friday, I have my little SUPER

181
00:08:23,840 --> 00:08:26,320
Speaker 4: contribution that comes out of my account, my little salary

182
00:08:26,320 --> 00:08:29,000
Speaker 4: that comes out of my account to pay myself. And

183
00:08:29,000 --> 00:08:31,840
Speaker 4: then yeah, I spend about two and a half thousand

184
00:08:31,880 --> 00:08:35,800
Speaker 4: dollars a month on expenses and materials and subscriptions, you know,

185
00:08:35,960 --> 00:08:36,960
Speaker 4: all that kind of stuff.

186
00:08:37,040 --> 00:08:39,280
Speaker 2: Hey, that's not too bad. And I think as a

187
00:08:39,320 --> 00:08:43,440
Speaker 2: business owner, fellow business owner, I really struggle when I

188
00:08:43,520 --> 00:08:46,280
Speaker 2: don't know what my expenses are. Like I could tell

189
00:08:46,280 --> 00:08:48,800
Speaker 2: you right now exactly what my payroll costs, what my

190
00:08:48,840 --> 00:08:51,600
Speaker 2: super costs, what my tax is looking like in all

191
00:08:51,640 --> 00:08:53,079
Speaker 2: of that. And I know that I'm saying that I've

192
00:08:53,080 --> 00:08:54,800
Speaker 2: got my head in the sand. I absolutely do. I'm

193
00:08:54,840 --> 00:08:56,679
Speaker 2: in the very privileged position where I now can just

194
00:08:56,720 --> 00:08:59,040
Speaker 2: pay an accountant to give me a monthly summary of

195
00:08:59,160 --> 00:09:01,560
Speaker 2: like where it's at, like feel in control without having

196
00:09:01,600 --> 00:09:03,760
Speaker 2: to do all of the time that I used to.

197
00:09:04,360 --> 00:09:07,520
Speaker 2: But it's actually not that common for business owners to go, yeah,

198
00:09:07,520 --> 00:09:09,720
Speaker 2: it's about two and a half grand of operating expenses

199
00:09:09,760 --> 00:09:12,280
Speaker 2: per month. Like I feel like so many of us

200
00:09:12,360 --> 00:09:14,360
Speaker 2: just fly by the seat of our pants and have

201
00:09:14,440 --> 00:09:16,720
Speaker 2: no idea what that's going to cost, or no idea

202
00:09:16,720 --> 00:09:19,079
Speaker 2: what that actually looks like because they haven't spent the

203
00:09:19,160 --> 00:09:22,080
Speaker 2: time to sit down and quantify it, which is so important.

204
00:09:22,120 --> 00:09:22,760
Speaker 2: Please do it.

205
00:09:23,400 --> 00:09:25,560
Speaker 4: I have a bit of a running joke that everything

206
00:09:25,600 --> 00:09:26,280
Speaker 4: goes through zero.

207
00:09:27,320 --> 00:09:27,960
Speaker 2: I just love zero.

208
00:09:28,240 --> 00:09:30,640
Speaker 4: Oh zero is so good. My account is very happy

209
00:09:30,640 --> 00:09:33,280
Speaker 4: about that. But I also have Excel as well, where

210
00:09:33,280 --> 00:09:36,040
Speaker 4: I like I double check zero, and I also can

211
00:09:36,080 --> 00:09:39,840
Speaker 4: have the pretty color coordinated you know, graphs and things

212
00:09:39,880 --> 00:09:42,839
Speaker 4: like that I really like. Like to me, it's really

213
00:09:42,880 --> 00:09:46,480
Speaker 4: satisfying watching particularly my income. I like tracking, you know,

214
00:09:46,559 --> 00:09:49,160
Speaker 4: like what percentage of my income is coming from prince,

215
00:09:49,280 --> 00:09:52,440
Speaker 4: what percentage is coming from artworks, And I find it

216
00:09:52,480 --> 00:09:54,920
Speaker 4: really helps me guide my business.

217
00:09:55,240 --> 00:09:55,440
Speaker 1: Yeah.

218
00:09:55,559 --> 00:09:57,839
Speaker 2: No, I love that, and I feel like it's all

219
00:09:57,880 --> 00:10:00,800
Speaker 2: about the tools that can help us. For some people,

220
00:10:00,840 --> 00:10:03,040
Speaker 2: they'd be like, that's double dipping. I don't like that,

221
00:10:03,160 --> 00:10:05,679
Speaker 2: But for you, obviously that's what's going to keep you

222
00:10:05,760 --> 00:10:09,040
Speaker 2: engaged and empowered in feeling like you're on top of things.

223
00:10:09,240 --> 00:10:11,800
Speaker 2: I'm exactly the same, Like I love a good spreadsheet,

224
00:10:11,960 --> 00:10:14,680
Speaker 2: and I don't care how many times my accountants tell

225
00:10:14,760 --> 00:10:17,840
Speaker 2: me that you can just generate a similar report on zero.

226
00:10:17,960 --> 00:10:18,680
Speaker 4: It's not same.

227
00:10:18,800 --> 00:10:20,680
Speaker 2: It's not same, it's not same. I would like to

228
00:10:20,679 --> 00:10:23,000
Speaker 2: build it myself, and then I want to cross check

229
00:10:23,040 --> 00:10:26,440
Speaker 2: it and feel like I've actually gone through every single

230
00:10:26,520 --> 00:10:30,319
Speaker 2: line item, because an output sometimes just for me, isn't enough.

231
00:10:30,360 --> 00:10:32,040
Speaker 2: I want to feel like I've built that myself, and

232
00:10:32,120 --> 00:10:34,920
Speaker 2: I know that I'm in complete control. But that's the

233
00:10:35,120 --> 00:10:37,280
Speaker 2: I guess, the inner treasurer in me.

234
00:10:38,280 --> 00:10:41,320
Speaker 4: Yeah, and I can really relate, Like I like analyzing

235
00:10:41,360 --> 00:10:43,360
Speaker 4: and seeing where my cash flow is going and how

236
00:10:43,400 --> 00:10:46,040
Speaker 4: I'm spending my money, and I do find it really empowering,

237
00:10:46,040 --> 00:10:47,880
Speaker 4: which I think is something that's changed and that you know,

238
00:10:47,920 --> 00:10:51,120
Speaker 4: looking back, definitely was not on me, Like, was not

239
00:10:51,320 --> 00:10:52,760
Speaker 4: what I was doing a few years ago.

240
00:10:52,960 --> 00:10:53,760
Speaker 2: Yeah, totally.

241
00:10:54,160 --> 00:10:54,520
Speaker 1: All right.

242
00:10:54,760 --> 00:10:57,080
Speaker 2: You obviously had this chat with your husband because you

243
00:10:57,120 --> 00:11:00,080
Speaker 2: wanted to buy your first home. I want to know

244
00:11:00,200 --> 00:11:02,480
Speaker 2: right now what your big money goal is, like what

245
00:11:02,520 --> 00:11:06,160
Speaker 2: are you working towards in business and in your personal life.

246
00:11:06,480 --> 00:11:09,000
Speaker 4: Yeah, so the personal one be to buy a house.

247
00:11:09,000 --> 00:11:12,040
Speaker 4: So we'd love to have forty to fifty thousand dollars

248
00:11:12,120 --> 00:11:15,960
Speaker 4: towards our first home, and we're sitting in about twenty

249
00:11:15,960 --> 00:11:17,559
Speaker 4: three twenty four thousand dollars, which is.

250
00:11:17,520 --> 00:11:20,079
Speaker 2: Exciting tracking well, thank you.

251
00:11:20,600 --> 00:11:24,280
Speaker 4: And my biggest goal in my business'd be to have

252
00:11:24,520 --> 00:11:28,920
Speaker 4: my own gallery slash studio slash shop shopfront, which is

253
00:11:29,080 --> 00:11:34,400
Speaker 4: just yeah, we can come all things in my art basically.

254
00:11:34,120 --> 00:11:36,480
Speaker 2: How beautiful would that be. I know it's going to happen,

255
00:11:36,520 --> 00:11:39,200
Speaker 2: it's just when it's going to happen. What kind of

256
00:11:39,280 --> 00:11:42,600
Speaker 2: planning you're doing to get to achieving that goal.

257
00:11:43,280 --> 00:11:45,280
Speaker 4: That's a really funny question because I think I'm going

258
00:11:45,320 --> 00:11:47,760
Speaker 4: to have to set up maybe another bank account, so

259
00:11:48,000 --> 00:11:51,760
Speaker 4: to preface, so personally, we have a bank account for everything.

260
00:11:52,200 --> 00:11:54,640
Speaker 4: So we have like a bank account for our dog,

261
00:11:55,040 --> 00:11:58,160
Speaker 4: our petrol, our personal medical, our groceries.

262
00:11:58,240 --> 00:12:01,280
Speaker 2: Like you're the Jessica RICKI right, I'm on it. She

263
00:12:01,320 --> 00:12:02,959
Speaker 2: does the same thing I could never.

264
00:12:03,679 --> 00:12:05,839
Speaker 4: So I reckon what I will do. And what I've

265
00:12:05,880 --> 00:12:08,840
Speaker 4: actually done is I've set up a high interest savings account,

266
00:12:08,960 --> 00:12:11,040
Speaker 4: which next financial year I'm going to start popping some

267
00:12:11,120 --> 00:12:13,240
Speaker 4: money into that. I kind of forget that it's there,

268
00:12:13,280 --> 00:12:16,560
Speaker 4: but I know that it's growing money towards that big goal.

269
00:12:17,080 --> 00:12:19,600
Speaker 2: How good. I love this and I feel like it's

270
00:12:19,640 --> 00:12:22,520
Speaker 2: going to happen soon. How much are you contributing on

271
00:12:22,679 --> 00:12:25,600
Speaker 2: average to your home savings? And I guess what's the

272
00:12:25,679 --> 00:12:29,400
Speaker 2: split between your contributions versus your husband's contributions.

273
00:12:29,720 --> 00:12:31,959
Speaker 4: So I guess it's like a little bit of the

274
00:12:31,960 --> 00:12:34,000
Speaker 4: bucket analogy that we put it all into one account,

275
00:12:34,040 --> 00:12:35,800
Speaker 4: then it splits out. So at the moment he is

276
00:12:35,840 --> 00:12:38,520
Speaker 4: putting in eight hundred and fifty a week and I'm

277
00:12:38,559 --> 00:12:42,280
Speaker 4: putting in eight hundred and of that, we are putting

278
00:12:42,440 --> 00:12:46,040
Speaker 4: three hundred and fifty five dollars towards our savings a week.

279
00:12:46,280 --> 00:12:47,480
Speaker 2: Oh how good is that?

280
00:12:48,080 --> 00:12:49,880
Speaker 4: Yeah, it's really satisfying to watch it grow.

281
00:12:50,200 --> 00:12:52,600
Speaker 2: How are you managing that? I feel like that's a lot.

282
00:12:53,040 --> 00:12:57,680
Speaker 4: Yeah. We are really on top of analyzing our spending.

283
00:12:58,200 --> 00:13:01,000
Speaker 4: So like, for example, he just got to pay increase

284
00:13:01,559 --> 00:13:04,079
Speaker 4: two weeks ago, so that extra hundred dollars that he

285
00:13:04,200 --> 00:13:06,360
Speaker 4: was putting in, we really sat down and we were like, okay,

286
00:13:06,360 --> 00:13:09,880
Speaker 4: where can it go? You know, our dog vet bills

287
00:13:10,080 --> 00:13:12,720
Speaker 4: like she's getting older, so we put away like seventy

288
00:13:12,720 --> 00:13:14,520
Speaker 4: dollars a week for her, which we joke is rent,

289
00:13:14,720 --> 00:13:18,240
Speaker 4: like we're paying to rent her. Yeah yeah, fair fair,

290
00:13:18,400 --> 00:13:20,520
Speaker 4: And we don't have as much fun money as we

291
00:13:20,559 --> 00:13:21,000
Speaker 4: would like.

292
00:13:21,800 --> 00:13:24,120
Speaker 2: Everybody would like a little bit more fun money. But

293
00:13:24,200 --> 00:13:26,840
Speaker 2: it sounds like you're really knuckling down to get these

294
00:13:26,920 --> 00:13:30,199
Speaker 2: goals happening. And that makes me so proud and so excited.

295
00:13:31,040 --> 00:13:33,320
Speaker 2: How long do you think it'll be before you're able

296
00:13:33,320 --> 00:13:37,880
Speaker 2: to start looking at purchasing your first home next year? Exciting?

297
00:13:37,920 --> 00:13:39,880
Speaker 2: And you know what it sounds like I'm just going

298
00:13:39,920 --> 00:13:41,920
Speaker 2: to take a stab in the dark. You mentioned zero,

299
00:13:42,000 --> 00:13:44,079
Speaker 2: you mentioned how good you are at bookkeeping. I don't

300
00:13:44,080 --> 00:13:45,839
Speaker 2: think it's going to be an issue at all as

301
00:13:45,840 --> 00:13:48,880
Speaker 2: a business owner to actually get finance for that, because

302
00:13:48,920 --> 00:13:52,200
Speaker 2: the biggest sticking point for small business owners who want

303
00:13:52,240 --> 00:13:55,280
Speaker 2: to get loans is that they don't have good bookkeeping

304
00:13:55,320 --> 00:13:57,640
Speaker 2: and they're not keeping track of their finances and they

305
00:13:57,679 --> 00:14:00,440
Speaker 2: can't show, you know, year on year profit. And if

306
00:14:00,480 --> 00:14:02,040
Speaker 2: you can't do that, well, the bank's not going to

307
00:14:02,120 --> 00:14:03,560
Speaker 2: lend to you. But it sounds like you're not in

308
00:14:03,600 --> 00:14:05,880
Speaker 2: that position at all. My friend, Oh, thank you, And

309
00:14:05,880 --> 00:14:06,520
Speaker 2: it's really nice.

310
00:14:06,520 --> 00:14:08,160
Speaker 4: Like we met with a mortgage broker a couple of

311
00:14:08,200 --> 00:14:10,000
Speaker 4: weeks ago just to kind of see where we were at.

312
00:14:10,360 --> 00:14:13,040
Speaker 4: And my mom's actually a book keeper, which is the

313
00:14:13,120 --> 00:14:14,960
Speaker 4: hilarious part of all this, and she looked at my

314
00:14:15,000 --> 00:14:16,679
Speaker 4: books and she's like your mother's daughter.

315
00:14:16,960 --> 00:14:20,160
Speaker 2: Ah, You're like, yes, but don't tell mum because I'm

316
00:14:20,200 --> 00:14:22,240
Speaker 2: taking the credit. Don't give it to her. Don't give

317
00:14:22,280 --> 00:14:25,360
Speaker 2: her the credit. Pretty much, All right, let's go to

318
00:14:25,400 --> 00:14:27,160
Speaker 2: a really quick break on the flip side. I want

319
00:14:27,200 --> 00:14:29,600
Speaker 2: to talk about debt's investment and what your best and

320
00:14:29,680 --> 00:14:37,400
Speaker 2: worst money habits are, guys, don't go anywhere. All right,

321
00:14:37,480 --> 00:14:40,920
Speaker 2: money diarist, we are back. I am so excited to

322
00:14:40,960 --> 00:14:44,520
Speaker 2: be talking to you. Before we get into the structured questions, though,

323
00:14:44,920 --> 00:14:48,400
Speaker 2: I want to know you were an occupational therapist but

324
00:14:48,480 --> 00:14:52,160
Speaker 2: didn't enjoy it, and now you are a full time artist.

325
00:14:52,960 --> 00:14:55,080
Speaker 2: What was that trigger point to go, you know what,

326
00:14:55,200 --> 00:14:56,840
Speaker 2: I'm just going to go all in on this. I'm

327
00:14:56,840 --> 00:14:59,320
Speaker 2: going to start doing art as my full time job.

328
00:14:59,400 --> 00:15:01,640
Speaker 2: I feel like for so many people that's just a

329
00:15:01,680 --> 00:15:04,040
Speaker 2: pipe dream, like they might be working in a different

330
00:15:04,120 --> 00:15:06,880
Speaker 2: area and going, Oh, I'm so passionate about this, but

331
00:15:06,920 --> 00:15:09,680
Speaker 2: I don't know if doing paintings is gonna you know,

332
00:15:09,840 --> 00:15:12,520
Speaker 2: pay the rent. How does that work for you?

333
00:15:12,600 --> 00:15:12,680
Speaker 1: Like?

334
00:15:12,720 --> 00:15:14,640
Speaker 2: Where was the turning point of you know what, I'm

335
00:15:14,680 --> 00:15:16,520
Speaker 2: going boots and all in, I can do this.

336
00:15:16,960 --> 00:15:22,080
Speaker 4: So I never actually graduated that degree, So that is

337
00:15:22,840 --> 00:15:24,840
Speaker 4: probably one of the biggest points in that I knew

338
00:15:24,840 --> 00:15:26,520
Speaker 4: that if I had finished my degree, I would have

339
00:15:26,720 --> 00:15:29,280
Speaker 4: followed through with it and I probably would have practiced

340
00:15:29,280 --> 00:15:31,400
Speaker 4: in it. And I think it was the decision to

341
00:15:32,600 --> 00:15:34,880
Speaker 4: opt out and not finish the degree and kind of

342
00:15:34,920 --> 00:15:37,000
Speaker 4: give myself that breathing space to be like, Okay, so

343
00:15:37,040 --> 00:15:39,600
Speaker 4: I knew that wasn't for me. Kind of what now

344
00:15:40,960 --> 00:15:43,160
Speaker 4: and that's yeah, And that's kind of how I fell

345
00:15:43,200 --> 00:15:45,200
Speaker 4: back into it. Like I just started painting. I was

346
00:15:45,240 --> 00:15:47,840
Speaker 4: just working in my casual, part time job that I had,

347
00:15:47,880 --> 00:15:49,680
Speaker 4: and then I just started painting. And then I was like,

348
00:15:49,760 --> 00:15:52,520
Speaker 4: all right, well, it was never the intention to get

349
00:15:52,600 --> 00:15:54,680
Speaker 4: back into this, but then it just kind of started happening.

350
00:15:54,680 --> 00:15:57,920
Speaker 4: People started buying, and I thought, well, I haven't really

351
00:15:57,920 --> 00:16:00,680
Speaker 4: got anything to lose. I'm covering my bill of living.

352
00:16:01,120 --> 00:16:03,840
Speaker 4: What if I try and make this work?

353
00:16:04,120 --> 00:16:07,080
Speaker 2: How did you start selling your art? I have so

354
00:16:07,160 --> 00:16:09,880
Speaker 2: many friends who are beautiful artists, and I feel like

355
00:16:09,920 --> 00:16:12,560
Speaker 2: I'm jumping down their throats all the time, being like,

356
00:16:13,440 --> 00:16:15,840
Speaker 2: charge more for your art, charge more for your time.

357
00:16:16,080 --> 00:16:19,000
Speaker 2: You are worth this, and they just don't seem to

358
00:16:19,040 --> 00:16:21,880
Speaker 2: see it. How have you known? How do I guess

359
00:16:21,960 --> 00:16:25,600
Speaker 2: charge your worth and know what to do? Because let's

360
00:16:25,640 --> 00:16:29,800
Speaker 2: be honest, if you're creative, that doesn't usually lean into

361
00:16:30,040 --> 00:16:32,560
Speaker 2: being really good at the business side of things. And

362
00:16:32,600 --> 00:16:35,280
Speaker 2: that's not me saying that that's a bad thing. It's

363
00:16:35,360 --> 00:16:38,200
Speaker 2: just as a creative human being, like you don't really

364
00:16:38,280 --> 00:16:40,960
Speaker 2: lean into that type of role very easily, and it's

365
00:16:41,000 --> 00:16:43,440
Speaker 2: not something that you find really sexy. You seem to

366
00:16:43,440 --> 00:16:46,560
Speaker 2: be a unicorn though. You're obsessed with zero and with painting,

367
00:16:46,640 --> 00:16:49,400
Speaker 2: which I adore, but a lot of us who are

368
00:16:49,440 --> 00:16:51,880
Speaker 2: a bit more creative, we're just not that good at it.

369
00:16:52,360 --> 00:16:55,000
Speaker 2: How did you structure this so that it could become

370
00:16:55,200 --> 00:16:57,400
Speaker 2: a successful business, I think.

371
00:16:57,160 --> 00:16:59,920
Speaker 4: Because I enjoy the business side of it as well.

372
00:17:00,960 --> 00:17:03,520
Speaker 4: And I think that's something like I put so much

373
00:17:03,560 --> 00:17:06,600
Speaker 4: time into my social media and I consider it a

374
00:17:06,640 --> 00:17:09,199
Speaker 4: part of the job. It is not an afterthought. It

375
00:17:09,280 --> 00:17:12,040
Speaker 4: is how I communicate my art to people. It is

376
00:17:12,080 --> 00:17:14,119
Speaker 4: how I connect to my customers, and that's how I

377
00:17:14,160 --> 00:17:16,000
Speaker 4: engage with them. And I think that can be the

378
00:17:16,080 --> 00:17:18,080
Speaker 4: real downfall that people are just like and you know,

379
00:17:18,160 --> 00:17:19,480
Speaker 4: they say to me, oh, I just so got on

380
00:17:19,480 --> 00:17:22,399
Speaker 4: social media, and I'm like, yeah, but guys, it's for me.

381
00:17:22,560 --> 00:17:23,640
Speaker 4: This is part of my role.

382
00:17:24,000 --> 00:17:27,080
Speaker 2: Yeah yeah, I couldn't agree more. Like that's how you're

383
00:17:27,080 --> 00:17:30,360
Speaker 2: going to connect with your community. That's gonna be, I guess,

384
00:17:30,440 --> 00:17:33,800
Speaker 2: the ticket to getting into people's homes and into people's hearts.

385
00:17:33,840 --> 00:17:36,160
Speaker 2: And I think that we get that a lot too.

386
00:17:36,320 --> 00:17:38,480
Speaker 2: Ache's on the money. People will say, oh, you guys

387
00:17:38,480 --> 00:17:40,200
Speaker 2: are so good at it. I'm like, yeah, Jess does

388
00:17:40,240 --> 00:17:42,800
Speaker 2: that full time as a job. And I did so

389
00:17:42,920 --> 00:17:45,560
Speaker 2: many hours of that before Jess started to make sure

390
00:17:45,560 --> 00:17:48,000
Speaker 2: that it was building properly. It was never an afterthought.

391
00:17:48,040 --> 00:17:49,880
Speaker 2: It was always something where I went, all, right, what's

392
00:17:49,880 --> 00:17:52,440
Speaker 2: the strategy, what's going on, how's this going to work?

393
00:17:52,480 --> 00:17:54,800
Speaker 2: What types of content are we posting? How often are

394
00:17:54,800 --> 00:17:57,080
Speaker 2: we posting that, How present are we going to be

395
00:17:57,119 --> 00:17:59,920
Speaker 2: on our stories? What's appropriate to be on our stories

396
00:18:00,119 --> 00:18:03,560
Speaker 2: versus what's not. And I think that through trial and error,

397
00:18:03,640 --> 00:18:06,120
Speaker 2: you learn what your community likes and then you overlay

398
00:18:06,200 --> 00:18:08,240
Speaker 2: that over the top of the strategy. But I think

399
00:18:08,280 --> 00:18:10,520
Speaker 2: a lot of people just assume it's about waking up

400
00:18:10,520 --> 00:18:12,960
Speaker 2: in the morning every morning, I'm just thinking of something

401
00:18:13,000 --> 00:18:16,000
Speaker 2: good to post, and that's not it is it?

402
00:18:16,000 --> 00:18:18,119
Speaker 4: It's not? And I think like Instagram is such a

403
00:18:18,119 --> 00:18:20,800
Speaker 4: beautiful thing, and I think that has changed recently that

404
00:18:21,320 --> 00:18:25,080
Speaker 4: suddenly collectors have an immediate way to connect with the artists.

405
00:18:25,080 --> 00:18:26,920
Speaker 4: Where is it used to be going through galleries or

406
00:18:26,920 --> 00:18:29,360
Speaker 4: going through stockers, Whereas it's a really beautiful thing now

407
00:18:29,359 --> 00:18:32,879
Speaker 4: that people can actually speak with directly with the artist,

408
00:18:32,960 --> 00:18:33,880
Speaker 4: which I think is.

409
00:18:34,080 --> 00:18:36,960
Speaker 2: Really, really actually one of my favorite things. I follow

410
00:18:37,000 --> 00:18:39,720
Speaker 2: a lot of artists online, and there are a few

411
00:18:39,840 --> 00:18:43,720
Speaker 2: artists that I follow because I'm obsessed with them, but

412
00:18:43,760 --> 00:18:46,879
Speaker 2: I can't afford a piece of their work yet, and

413
00:18:46,960 --> 00:18:49,440
Speaker 2: I think that that is, you know, even one of

414
00:18:49,480 --> 00:18:52,320
Speaker 2: the best ways to support them, by showing them that

415
00:18:52,520 --> 00:18:54,600
Speaker 2: not only Okay, I might not be in a position

416
00:18:54,680 --> 00:18:56,679
Speaker 2: to purchase your artist yet, but I'm going to like

417
00:18:56,720 --> 00:18:59,280
Speaker 2: your content, follow your content, and give you the engagement

418
00:18:59,359 --> 00:19:01,680
Speaker 2: so that hopefully you find more people like me who

419
00:19:01,800 --> 00:19:04,720
Speaker 2: might be ready to buy, and at some point they

420
00:19:04,880 --> 00:19:07,680
Speaker 2: kind of like goal pieces, Like I feel like art

421
00:19:07,720 --> 00:19:10,760
Speaker 2: for me is something that I buy to really recognize

422
00:19:10,760 --> 00:19:13,800
Speaker 2: a certain part of my life or an achievement that

423
00:19:13,840 --> 00:19:16,560
Speaker 2: I have gone through. It's not really a frivolous purchase,

424
00:19:16,920 --> 00:19:20,480
Speaker 2: but that's why interacting with the artist as you go

425
00:19:21,040 --> 00:19:23,200
Speaker 2: it makes it even more special. Like it's as though

426
00:19:23,240 --> 00:19:25,240
Speaker 2: I get to follow your journey and see where you've

427
00:19:25,240 --> 00:19:27,600
Speaker 2: been up to before I make that purchase, and it

428
00:19:27,640 --> 00:19:31,199
Speaker 2: can be so special, so I can see exactly why

429
00:19:31,600 --> 00:19:34,240
Speaker 2: that would work so well for you. But also, I

430
00:19:34,240 --> 00:19:36,520
Speaker 2: guess just change the dynamic because you're right. It used

431
00:19:36,520 --> 00:19:39,480
Speaker 2: to just be artists going into galleries, and then it

432
00:19:39,480 --> 00:19:42,000
Speaker 2: would only be people who were interested in taking the

433
00:19:42,080 --> 00:19:44,760
Speaker 2: time to go to a gallery. Now I'm watching the

434
00:19:44,760 --> 00:19:47,760
Speaker 2: batchie and I'm also checking out what my favorite artist

435
00:19:47,920 --> 00:19:49,679
Speaker 2: is doing, and I get the best of both worlds,

436
00:19:49,720 --> 00:19:49,879
Speaker 2: you know.

437
00:19:50,119 --> 00:19:52,840
Speaker 4: Yeah, and you know what the artist wins because they're

438
00:19:52,880 --> 00:19:55,639
Speaker 4: not losing you know, anywhere between thirty to fifty percent

439
00:19:55,920 --> 00:19:57,080
Speaker 4: commission exactly.

440
00:19:57,240 --> 00:20:00,320
Speaker 2: It's genius. I love it all right. I want to

441
00:20:00,320 --> 00:20:02,520
Speaker 2: talk about money again, which I don't think you're going

442
00:20:02,560 --> 00:20:04,280
Speaker 2: to be mad about. I want to know do you

443
00:20:04,320 --> 00:20:06,480
Speaker 2: have any investments. If so, what are they.

444
00:20:06,640 --> 00:20:09,960
Speaker 4: We have an investment portfolio that's sitting at one thousand dollars.

445
00:20:10,359 --> 00:20:13,439
Speaker 2: How cool? How did you decide to start investing on

446
00:20:13,480 --> 00:20:14,719
Speaker 2: the platform you chose?

447
00:20:15,000 --> 00:20:19,439
Speaker 4: So we're currently investing with Vanguard. So my husband is

448
00:20:19,480 --> 00:20:23,280
Speaker 4: more of the cautious type, so he felt very secure

449
00:20:23,400 --> 00:20:26,120
Speaker 4: and that was kind of he kind of pictured it as,

450
00:20:26,160 --> 00:20:29,520
Speaker 4: you know, like a safe kind of investment. And to

451
00:20:29,560 --> 00:20:33,639
Speaker 4: be fair, it's not something that I have looked totally into,

452
00:20:34,040 --> 00:20:36,040
Speaker 4: whereas I think for me a little bit, my blinkers

453
00:20:36,040 --> 00:20:39,400
Speaker 4: are on investing in my business. But investment portfolios. That's

454
00:20:39,480 --> 00:20:40,720
Speaker 4: where we're currently sitting at.

455
00:20:40,800 --> 00:20:44,040
Speaker 2: Yeah, that's very cool when it comes to being conservative.

456
00:20:44,080 --> 00:20:46,359
Speaker 2: I can see why maybe Vanguard was a choice that

457
00:20:46,400 --> 00:20:50,000
Speaker 2: you made. It's one of the biggest investment houses in Australia,

458
00:20:50,480 --> 00:20:54,440
Speaker 2: very well known internationally. They do, you know, from my understanding,

459
00:20:54,560 --> 00:20:58,120
Speaker 2: very good investment portfolios. But what led you to that decision?

460
00:20:58,119 --> 00:21:00,359
Speaker 2: What research did you guys do before or was this

461
00:21:00,400 --> 00:21:02,400
Speaker 2: something that your husband just said, all right, well I'm

462
00:21:02,400 --> 00:21:04,600
Speaker 2: going to put the money in a Vanguard and you're like, yep, cool,

463
00:21:04,600 --> 00:21:06,960
Speaker 2: focused on the business, have fun, honey.

464
00:21:07,359 --> 00:21:09,240
Speaker 4: A little bit of Columbine, a little bit of columbe.

465
00:21:09,880 --> 00:21:14,080
Speaker 4: I had done, you know, very little research. I had

466
00:21:14,119 --> 00:21:17,320
Speaker 4: heard the word Vanguard thrown around and that kind of thing,

467
00:21:17,359 --> 00:21:18,920
Speaker 4: and I said, yeah, look that's fine. I said, I

468
00:21:18,960 --> 00:21:21,720
Speaker 4: would rather just us start investing in something and then

469
00:21:21,880 --> 00:21:23,639
Speaker 4: I will have a look later. Like I've said to him,

470
00:21:23,640 --> 00:21:25,680
Speaker 4: you know, I do want to start, you know, maybe

471
00:21:25,720 --> 00:21:28,240
Speaker 4: having slightly risk your investments. I said, I would like

472
00:21:28,280 --> 00:21:30,320
Speaker 4: something with a higher return. And it's funny, he goes, yeah,

473
00:21:30,320 --> 00:21:32,600
Speaker 4: He's like sure, it's like, do your research, pitch it

474
00:21:32,640 --> 00:21:34,000
Speaker 4: to me. And then he's like, of course, we can

475
00:21:34,040 --> 00:21:35,280
Speaker 4: do it, and I was like, yeah, that's fair.

476
00:21:35,680 --> 00:21:38,480
Speaker 2: I love that. I feel like they're the sexiest conversations

477
00:21:38,520 --> 00:21:40,800
Speaker 2: between married couples, like what are we going to invest

478
00:21:40,840 --> 00:21:41,760
Speaker 2: in next? Yes?

479
00:21:41,920 --> 00:21:42,280
Speaker 4: Get it?

480
00:21:42,400 --> 00:21:45,320
Speaker 2: Love it? Yeah, I want to know. Now, obviously you're

481
00:21:45,359 --> 00:21:48,399
Speaker 2: saving for your first home, but do you have any debts?

482
00:21:48,440 --> 00:21:49,360
Speaker 2: If so, what are they?

483
00:21:49,640 --> 00:21:52,000
Speaker 4: Yeah? So the only debt that I have at the

484
00:21:52,000 --> 00:21:53,520
Speaker 4: moment is my hex stet.

485
00:21:54,440 --> 00:21:56,280
Speaker 2: And what is that sitting at And how do you

486
00:21:56,320 --> 00:21:59,240
Speaker 2: feel about it? Given that? How do you feel about

487
00:21:59,240 --> 00:22:00,960
Speaker 2: the indexation going up in June?

488
00:22:01,520 --> 00:22:04,800
Speaker 4: Oh, it's painful. It's it is the one reminder of

489
00:22:04,840 --> 00:22:07,640
Speaker 4: the degree that I didn't finish, and it's just growing.

490
00:22:08,040 --> 00:22:10,040
Speaker 4: It's yeah, it's frustrating.

491
00:22:10,280 --> 00:22:12,119
Speaker 2: I mean, it got you to where you are today

492
00:22:12,240 --> 00:22:14,760
Speaker 2: and taught you exactly what you wanted to know. So

493
00:22:14,800 --> 00:22:17,520
Speaker 2: it's not the biggest waste of money. So you've just

494
00:22:17,600 --> 00:22:18,919
Speaker 2: got hex and that is it.

495
00:22:19,200 --> 00:22:21,879
Speaker 4: Yeah, yep. So like we own our cars, I've got

496
00:22:22,040 --> 00:22:24,880
Speaker 4: no debt for my business. And that's something that I'm

497
00:22:24,880 --> 00:22:27,520
Speaker 4: really conscious of because I know that there are so

498
00:22:27,600 --> 00:22:29,280
Speaker 4: many things that I could go out and buy tomorrow

499
00:22:29,359 --> 00:22:32,000
Speaker 4: that would be wonderful for my business, that would put

500
00:22:32,040 --> 00:22:35,040
Speaker 4: me into debt, and I just at this point in time,

501
00:22:35,080 --> 00:22:37,760
Speaker 4: I just can't justify the mental load that would come

502
00:22:37,800 --> 00:22:38,080
Speaker 4: with that.

503
00:22:39,280 --> 00:22:42,919
Speaker 2: Yeah, that's absolutely fair. I feel like you over the

504
00:22:43,000 --> 00:22:45,640
Speaker 2: last few years. I mean we've only spent nearly half

505
00:22:45,640 --> 00:22:47,680
Speaker 2: an hour together, but I already know this is going

506
00:22:47,720 --> 00:22:50,600
Speaker 2: to be true. You've changed your money mindset and probably

507
00:22:50,640 --> 00:22:53,520
Speaker 2: adopted a lot of good money habits. I feel like

508
00:22:53,640 --> 00:22:57,000
Speaker 2: everything about your financial journey has changed. But I want

509
00:22:57,000 --> 00:22:59,840
Speaker 2: to know, what do you think is your best money habit.

510
00:23:00,240 --> 00:23:04,679
Speaker 4: I think my best money habit would be consciously staying

511
00:23:04,680 --> 00:23:07,280
Speaker 4: on how our money is being split up, so like

512
00:23:07,560 --> 00:23:10,280
Speaker 4: checking if our bills have changed, so like we've just

513
00:23:10,359 --> 00:23:13,000
Speaker 4: moved recently and we have solar now, so like our

514
00:23:13,080 --> 00:23:15,679
Speaker 4: power bill went down, so we were like, okay, we

515
00:23:15,680 --> 00:23:17,360
Speaker 4: don't have to put as much away for bills. How

516
00:23:17,400 --> 00:23:20,719
Speaker 4: can we use that? My husband just changed phone company,

517
00:23:20,800 --> 00:23:23,359
Speaker 4: so his power, like his phone bill is less. Like,

518
00:23:23,440 --> 00:23:25,760
Speaker 4: I think that would be our best money habit. And

519
00:23:25,840 --> 00:23:28,320
Speaker 4: staying within our means, so like we have a set

520
00:23:28,359 --> 00:23:30,679
Speaker 4: budget per week for our groceries, and we're really conscious

521
00:23:30,720 --> 00:23:32,000
Speaker 4: to be like, this is how much money we have

522
00:23:32,080 --> 00:23:33,760
Speaker 4: this week. We will work within that.

523
00:23:34,200 --> 00:23:38,000
Speaker 2: Yeah, how cool. I don't want to bring the mood down,

524
00:23:38,040 --> 00:23:40,159
Speaker 2: but I also want to know your worst money habit,

525
00:23:40,240 --> 00:23:41,440
Speaker 2: my friend, what is it?

526
00:23:42,400 --> 00:23:47,520
Speaker 4: Coffees, brunch and buying paint that I probably did not need?

527
00:23:47,880 --> 00:23:50,600
Speaker 2: The first two completely resonate with We're going to be

528
00:23:50,600 --> 00:23:53,159
Speaker 2: best friends. Can't say I've ever bought paint I'm not

529
00:23:53,200 --> 00:23:55,840
Speaker 2: going to need, But can say I've invested in a

530
00:23:55,880 --> 00:23:59,199
Speaker 2: lot of audio gear that I definitely didn't need. Was

531
00:23:59,200 --> 00:24:02,240
Speaker 2: it shiny? Yes? Do I think that I would look

532
00:24:02,280 --> 00:24:04,919
Speaker 2: cool with that set of headphones on? Absolutely, We're going

533
00:24:04,960 --> 00:24:05,440
Speaker 2: to need them.

534
00:24:06,560 --> 00:24:09,160
Speaker 4: It's funny because I will buy the same paint twice

535
00:24:09,200 --> 00:24:11,679
Speaker 4: and will have clearly had the same thought process, Like

536
00:24:11,720 --> 00:24:13,919
Speaker 4: I'll be at the shops like, oh, French blue, that

537
00:24:14,000 --> 00:24:15,639
Speaker 4: sounds great, and then I'll come home and be like,

538
00:24:15,880 --> 00:24:17,120
Speaker 4: clearly had that thought last week.

539
00:24:17,240 --> 00:24:20,840
Speaker 2: I thought this before. I mean, I'm not a doctor.

540
00:24:20,880 --> 00:24:23,439
Speaker 2: I can't diagnose you. But that's very adhd of you,

541
00:24:23,520 --> 00:24:24,000
Speaker 2: my friend.

542
00:24:24,240 --> 00:24:26,800
Speaker 4: Yeah, I'm very like I'm in the process of the

543
00:24:26,840 --> 00:24:29,240
Speaker 4: diagnosis of this look, and it's pretty much like I'm

544
00:24:29,440 --> 00:24:32,080
Speaker 4: ninety five percent there. I'm waiting for the final tick.

545
00:24:32,440 --> 00:24:35,720
Speaker 2: It's actually very funny. On the weekend, I went shopping

546
00:24:35,760 --> 00:24:38,080
Speaker 2: with one of my girlfriends and I saw this pair

547
00:24:38,119 --> 00:24:40,400
Speaker 2: of pajamas that I was like, Oh, I love these.

548
00:24:40,480 --> 00:24:43,480
Speaker 2: They're like a navy pair of long sleeve pajamas. And

549
00:24:43,520 --> 00:24:45,159
Speaker 2: I was trying to convince myself. I was like, you

550
00:24:45,160 --> 00:24:47,960
Speaker 2: know what, I do need new long sleeve pajamas because

551
00:24:48,200 --> 00:24:51,520
Speaker 2: obviously winter's coming. Genius. And then I said to her, no,

552
00:24:51,680 --> 00:24:53,720
Speaker 2: I'm going to put twenty four hours between this. I'll

553
00:24:53,720 --> 00:24:55,520
Speaker 2: come back and get them if I really want them, Like,

554
00:24:55,600 --> 00:24:57,640
Speaker 2: it's not too far. I need to be better at this.

555
00:24:58,359 --> 00:25:00,359
Speaker 2: She was staying at my house for the weekend because

556
00:25:00,400 --> 00:25:03,280
Speaker 2: it was over the Easter Long weekend, and I came

557
00:25:03,320 --> 00:25:05,760
Speaker 2: out that night to grab a glass of wine after

558
00:25:05,760 --> 00:25:08,600
Speaker 2: my shower in a pair of long sleeve, maybe blue pajamas,

559
00:25:08,880 --> 00:25:11,480
Speaker 2: and she said, Victoria, I thought you didn't buy those,

560
00:25:11,520 --> 00:25:13,120
Speaker 2: and I'm like, oh, no, these are my old ones

561
00:25:13,200 --> 00:25:15,920
Speaker 2: I forgot I had, and she said they're identical to

562
00:25:15,960 --> 00:25:17,960
Speaker 2: the ones you were trying to buy today, and I said, yep,

563
00:25:18,000 --> 00:25:20,120
Speaker 2: that's exactly why I need to put twenty four hours

564
00:25:20,119 --> 00:25:22,320
Speaker 2: between me and my spending, so that I can remind

565
00:25:22,359 --> 00:25:24,600
Speaker 2: myself you already have that at home, babe.

566
00:25:24,720 --> 00:25:27,240
Speaker 4: Yeap. Oh so so relatable.

567
00:25:27,440 --> 00:25:31,159
Speaker 2: Like it's like I'm a goldfish. I'm like, oh, blue pajamas,

568
00:25:31,200 --> 00:25:35,320
Speaker 2: that's wild. I would like though, that's new, that's new,

569
00:25:35,359 --> 00:25:36,160
Speaker 2: that's shiny.

570
00:25:37,000 --> 00:25:39,359
Speaker 4: I've literally done that with like two or three colors

571
00:25:39,359 --> 00:25:40,960
Speaker 4: that I looked at last week. I was like, oh,

572
00:25:40,960 --> 00:25:42,840
Speaker 4: I'm going to try that. Yeah, had that thought two

573
00:25:42,880 --> 00:25:44,679
Speaker 4: weeks ago. But anyway, Glass not just me.

574
00:25:45,000 --> 00:25:47,879
Speaker 2: Oh no, you need a better system. You need a

575
00:25:47,880 --> 00:25:52,200
Speaker 2: better filing system. I find that taking photos of everything

576
00:25:52,280 --> 00:25:54,640
Speaker 2: and keeping it in my album so that I can

577
00:25:54,880 --> 00:25:56,919
Speaker 2: look back on it and go into my phone. You

578
00:25:56,960 --> 00:25:59,560
Speaker 2: could even have like a little album called paint Colors

579
00:25:59,640 --> 00:26:01,679
Speaker 2: and you can flip through check if you've got it,

580
00:26:01,960 --> 00:26:04,280
Speaker 2: so that you don't double up and buy again, because

581
00:26:04,359 --> 00:26:06,480
Speaker 2: I'm the worst at that as well. The amount of

582
00:26:06,520 --> 00:26:08,439
Speaker 2: white dresses I have is obscene.

583
00:26:09,600 --> 00:26:10,760
Speaker 4: But I bet they're all stunning.

584
00:26:11,000 --> 00:26:13,280
Speaker 2: Yeah, but they're all the same. They're all the same,

585
00:26:15,240 --> 00:26:18,320
Speaker 2: all stunning, but all the same. All Right, Now that

586
00:26:18,359 --> 00:26:20,400
Speaker 2: we've had a chat, I feel like you are such

587
00:26:20,440 --> 00:26:22,960
Speaker 2: a vibe. I am loving this. I love that you

588
00:26:23,040 --> 00:26:25,360
Speaker 2: have your own business. I love that you're so passionate

589
00:26:25,400 --> 00:26:28,280
Speaker 2: and vibrant about it. I love that you are saving

590
00:26:28,359 --> 00:26:31,120
Speaker 2: up to buy your first home, You're investing, you're saving.

591
00:26:31,280 --> 00:26:34,000
Speaker 2: Oh my gosh, I'm so excited with the fact that

592
00:26:34,040 --> 00:26:37,080
Speaker 2: you're a business owner paying yourself super like that's queen behavior.

593
00:26:37,600 --> 00:26:39,600
Speaker 2: But you said you're a B. So I want to

594
00:26:39,600 --> 00:26:42,159
Speaker 2: know two things. Firstly, do you still think after our

595
00:26:42,240 --> 00:26:45,040
Speaker 2: chat that you're just a B? And what would it

596
00:26:45,080 --> 00:26:47,480
Speaker 2: take for someone like you to get to an A.

597
00:26:48,119 --> 00:26:51,160
Speaker 4: Look, I just think cut back on the unnecessary branches,

598
00:26:51,280 --> 00:26:53,840
Speaker 4: and I think your tips are actually just checking what

599
00:26:53,960 --> 00:26:55,840
Speaker 4: I need to buy and rolling with that. And I

600
00:26:55,840 --> 00:26:57,199
Speaker 4: think it would like upgrade me to an A.

601
00:26:57,400 --> 00:27:00,439
Speaker 2: Yeah, okay, so like a few small steps and actually

602
00:27:00,480 --> 00:27:03,000
Speaker 2: make a really big impact. I think that's not bad.

603
00:27:03,160 --> 00:27:05,679
Speaker 2: Oh my gosh, money Darist. This has been such a

604
00:27:05,720 --> 00:27:09,040
Speaker 2: fun episode to record and so fun like I feel

605
00:27:09,080 --> 00:27:11,639
Speaker 2: like knowing where you've come from and where you're going

606
00:27:11,840 --> 00:27:14,359
Speaker 2: our shared lovers spreadsheets like this is going to be

607
00:27:14,400 --> 00:27:16,919
Speaker 2: a fun episode for everyone to listen to. Thank you

608
00:27:17,000 --> 00:27:19,600
Speaker 2: so much for spending time with us. I'm so grateful.

609
00:27:19,720 --> 00:27:21,680
Speaker 4: Oh no worries. Thank you for having me. And I

610
00:27:21,760 --> 00:27:24,879
Speaker 4: really hope that my story resonates with other people and

611
00:27:24,880 --> 00:27:28,840
Speaker 4: people that feel overwhelmed by spreadsheets and that can just

612
00:27:28,920 --> 00:27:32,399
Speaker 4: listen to this and see that there is light on

613
00:27:32,440 --> 00:27:33,240
Speaker 4: the other side.

614
00:27:33,520 --> 00:27:36,840
Speaker 2: What would be your number one tip? Obviously you can't

615
00:27:36,920 --> 00:27:39,959
Speaker 2: just decide, Okay, I'm going to be good at spreadsheets today.

616
00:27:40,560 --> 00:27:44,440
Speaker 2: Where would you recommend people start if they're feeling overwhelmed

617
00:27:44,480 --> 00:27:47,600
Speaker 2: and not ready to have budget and cash flow conversations?

618
00:27:48,080 --> 00:27:51,080
Speaker 4: Set a date, Set a date, and like have someone

619
00:27:51,119 --> 00:27:53,959
Speaker 4: hold you accountable and then kind of do whatever you

620
00:27:54,080 --> 00:27:56,119
Speaker 4: need to feel ready to have that chat.

621
00:27:56,320 --> 00:27:56,880
Speaker 2: I love that.

622
00:27:57,080 --> 00:27:59,240
Speaker 4: Like, whether if it's you know, listen to some Shees

623
00:27:59,280 --> 00:28:01,639
Speaker 4: on the Money episode, whether it's buying a book, whether

624
00:28:01,680 --> 00:28:03,680
Speaker 4: it's sitting down and having looking through your bank accounts,

625
00:28:03,720 --> 00:28:05,480
Speaker 4: like you do what you need to do in that

626
00:28:05,600 --> 00:28:09,919
Speaker 4: time to prepare yourself to get really hands on with it.

627
00:28:10,200 --> 00:28:13,680
Speaker 2: Oh how good? I love that. That is perfect advice

628
00:28:13,720 --> 00:28:15,840
Speaker 2: to end this episode on. Thank you so much for

629
00:28:15,880 --> 00:28:18,360
Speaker 2: your time. It has been an absolute pleasure.

630
00:28:18,560 --> 00:28:21,000
Speaker 4: Oh no, Wrris, thanks for having me, and yeah, thank you.

631
00:28:27,840 --> 00:28:30,320
Speaker 2: The advice shared on She's on the Money is general

632
00:28:30,400 --> 00:28:34,280
Speaker 2: in nature and does not consider your individual circumstances. She's

633
00:28:34,320 --> 00:28:37,760
Speaker 2: on the Money exists purely for educational purposes and should

634
00:28:37,800 --> 00:28:40,960
Speaker 2: not be relied upon to make an investment or financial decision.

635
00:28:41,360 --> 00:28:43,960
Speaker 2: If you do choose to buy a financial product.

636
00:28:43,640 --> 00:28:47,480
Speaker 3: Read the PDS TMD and obtain appropriate financial advice.

637
00:28:47,200 --> 00:28:48,560
Speaker 2: Tailored towards your needs.

638
00:28:48,880 --> 00:28:52,840
Speaker 3: Victoria Divine and She's on the Money are authorized representatives

639
00:28:52,880 --> 00:28:56,760
Speaker 3: of Money Shop Pty Ltd. ABN three two one is

640
00:28:56,800 --> 00:29:00,360
Speaker 3: six four nine two seven seven zero eight af SEL

641
00:29:00,480 --> 00:29:05,000
Speaker 3: four five one two eight nine