1
00:00:00,640 --> 00:00:04,880
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

2
00:00:04,920 --> 00:00:08,600
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before

3
00:00:08,640 --> 00:00:11,119
Speaker 1: we get started on She's on the Money podcast, I

4
00:00:11,119 --> 00:00:14,280
Speaker 1: would like to acknowledge the traditional custodians of the land

5
00:00:14,360 --> 00:00:17,640
Speaker 1: of which this podcast is recorded on a wondery country,

6
00:00:18,079 --> 00:00:22,200
Speaker 1: acknowledging the elders, the ancestors and the next generation coming

7
00:00:22,280 --> 00:00:26,920
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

8
00:00:27,040 --> 00:00:30,080
Speaker 1: and the storytelling of you to make a difference for

9
00:00:30,200 --> 00:00:33,040
Speaker 1: today and lasting impact for tomorrow.

10
00:00:33,280 --> 00:00:34,160
Speaker 2: Let's get into it.

11
00:00:34,320 --> 00:00:53,560
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,160 --> 00:01:01,440
Speaker 4: Hello, and welcome to She's on the Money Podcast Millennials who.

13
00:01:01,280 --> 00:01:02,680
Speaker 2: Want financial freedom.

14
00:01:02,960 --> 00:01:05,520
Speaker 4: Welcome back to another one of our money diaries where

15
00:01:05,560 --> 00:01:07,720
Speaker 4: I get the absolute pleasure of sitting down with one

16
00:01:07,720 --> 00:01:10,000
Speaker 4: of our She's on the Money community members and talking

17
00:01:10,000 --> 00:01:13,240
Speaker 4: to them all about their money story. Let's jump straight

18
00:01:13,240 --> 00:01:15,600
Speaker 4: into it, because this week I got an email and

19
00:01:15,640 --> 00:01:19,679
Speaker 4: it sounded exactly like this, Dear She's on the Money.

20
00:01:20,120 --> 00:01:23,520
Speaker 4: Seven years ago, I was surprise fired from a sixty

21
00:01:23,560 --> 00:01:26,520
Speaker 4: thousand dollars a year job after my employer used a

22
00:01:26,560 --> 00:01:29,440
Speaker 4: loophole in employment law to let me go just one

23
00:01:29,480 --> 00:01:32,960
Speaker 4: week before i'd hit twelve months. This was just months

24
00:01:33,000 --> 00:01:35,920
Speaker 4: after they'd given me a bonus for doing a good job.

25
00:01:36,040 --> 00:01:39,120
Speaker 4: It shattered my confidence and I still struggle with imposter

26
00:01:39,200 --> 00:01:43,040
Speaker 4: syndrome from it. Fast forward to today, I'm earning six figures,

27
00:01:43,280 --> 00:01:46,920
Speaker 4: have a six figure investment portfolio, and my super is

28
00:01:46,959 --> 00:01:49,960
Speaker 4: also sitting at six figures. But despite all that progress,

29
00:01:50,000 --> 00:01:52,640
Speaker 4: I'm still too scared to buy a property. It just

30
00:01:52,640 --> 00:01:56,840
Speaker 4: feels like such a huge step money Diarist, I can't

31
00:01:56,880 --> 00:01:58,920
Speaker 4: wait to get to know more about you. Off air,

32
00:01:58,920 --> 00:02:01,280
Speaker 4: we were talking about the c and how good that

33
00:02:01,440 --> 00:02:02,240
Speaker 4: is as a game.

34
00:02:02,600 --> 00:02:04,680
Speaker 2: So I just feel like we're going to get on really,

35
00:02:04,720 --> 00:02:05,400
Speaker 2: really well.

36
00:02:05,840 --> 00:02:08,400
Speaker 4: Before we dive further in, I need to know if

37
00:02:08,440 --> 00:02:10,120
Speaker 4: you were to give your money habits a grade, what

38
00:02:10,120 --> 00:02:11,840
Speaker 4: would you grade them from A through to F.

39
00:02:12,000 --> 00:02:15,000
Speaker 5: I'm gonna go with an A minus, and I hope

40
00:02:15,040 --> 00:02:17,360
Speaker 5: I don't regret it. I don't want to be the

41
00:02:17,360 --> 00:02:19,160
Speaker 5: first person you fight with the other way.

42
00:02:19,320 --> 00:02:21,359
Speaker 4: Can you imagine if I was like, by the way,

43
00:02:21,360 --> 00:02:22,600
Speaker 4: you're not actually that good?

44
00:02:23,639 --> 00:02:29,079
Speaker 2: Oh my gosh, do you even know me? Oh? Do Audacit? Anyway?

45
00:02:29,120 --> 00:02:30,040
Speaker 2: All right? Let's go.

46
00:02:30,440 --> 00:02:33,320
Speaker 4: I am excited to learn a bit more because your

47
00:02:33,360 --> 00:02:35,640
Speaker 4: story is something that I feel like so many of

48
00:02:35,720 --> 00:02:38,280
Speaker 4: us have had happened to us or like not had

49
00:02:38,280 --> 00:02:41,120
Speaker 4: a job work out. But before we get into the

50
00:02:41,200 --> 00:02:42,920
Speaker 4: job stuff, can you tell me a bit more about

51
00:02:42,919 --> 00:02:43,639
Speaker 4: your money story.

52
00:02:43,760 --> 00:02:47,800
Speaker 5: Yeah. So from an early age, I think like the

53
00:02:47,840 --> 00:02:50,880
Speaker 5: earliest money thing I can remember talking to my parents

54
00:02:50,880 --> 00:02:54,320
Speaker 5: about was like the end of primary school. My sister's

55
00:02:54,320 --> 00:02:56,320
Speaker 5: two years older than me, and they're looking for high

56
00:02:56,320 --> 00:02:59,200
Speaker 5: school for us to go to. And I remember them saying, like, look,

57
00:02:59,480 --> 00:03:02,399
Speaker 5: where can s ding private schools as an option? But

58
00:03:02,440 --> 00:03:05,320
Speaker 5: the reality is if we did that, you couldn't afford

59
00:03:05,400 --> 00:03:08,800
Speaker 5: to do any sports, go on any camps, do anything

60
00:03:08,840 --> 00:03:11,760
Speaker 5: like that, because like Justice school kind of would be

61
00:03:11,880 --> 00:03:13,360
Speaker 5: the most we could do. So what we're going to

62
00:03:13,360 --> 00:03:15,320
Speaker 5: do is we're going to look for like good public

63
00:03:15,320 --> 00:03:18,600
Speaker 5: schools kind of thing. And that's like my first money

64
00:03:18,840 --> 00:03:19,640
Speaker 5: memory proper.

65
00:03:19,720 --> 00:03:22,480
Speaker 4: I think, Yeah, that's interesting because I feel like that

66
00:03:22,560 --> 00:03:25,680
Speaker 4: must be a conversation that so many of us have had,

67
00:03:26,000 --> 00:03:28,800
Speaker 4: because I even remember having that conversation in like grade

68
00:03:28,840 --> 00:03:31,760
Speaker 4: six with my parents talking about you know, what school

69
00:03:31,760 --> 00:03:33,960
Speaker 4: are we going to go to? And you know, the

70
00:03:34,000 --> 00:03:35,440
Speaker 4: area I grew up in, there was a lot of

71
00:03:35,480 --> 00:03:38,840
Speaker 4: like really fancy, like private schools, and then there was

72
00:03:38,880 --> 00:03:41,240
Speaker 4: public schools, and then there was like the middle ground,

73
00:03:41,280 --> 00:03:43,600
Speaker 4: which was like the Catholic school, which is where I went.

74
00:03:43,720 --> 00:03:47,360
Speaker 4: But I remember having a conversation about how astronomically expensive

75
00:03:47,400 --> 00:03:50,040
Speaker 4: the private schools were, and it just wasn't an option.

76
00:03:50,160 --> 00:03:53,120
Speaker 5: Yeah, because we grew up very firmly middle class. My

77
00:03:53,200 --> 00:03:56,720
Speaker 5: parents both worked in retail at video stores. It's funny

78
00:03:56,720 --> 00:03:58,839
Speaker 5: because it's like different video stores as well. They weren't

79
00:03:58,840 --> 00:04:01,640
Speaker 5: always at the same one. There were competing video stores.

80
00:04:02,160 --> 00:04:04,840
Speaker 2: Oh someone's a Blockbuster and the others a Video Easy.

81
00:04:05,280 --> 00:04:05,920
Speaker 2: I love it.

82
00:04:06,200 --> 00:04:09,360
Speaker 4: Yeah, I kind of a go home and share trade secret.

83
00:04:10,520 --> 00:04:12,760
Speaker 5: And yeah, my dad actually ended up buying into the

84
00:04:12,760 --> 00:04:15,200
Speaker 5: franchise of the one he was working at, so.

85
00:04:15,160 --> 00:04:16,280
Speaker 2: It's like, oh, very cool.

86
00:04:16,320 --> 00:04:19,640
Speaker 5: Cool. It was good because, yeah, my mum actually got

87
00:04:19,760 --> 00:04:21,720
Speaker 5: sick with cancer while I was in high school. But

88
00:04:21,920 --> 00:04:24,960
Speaker 5: because I think at that point he was a part owner,

89
00:04:25,000 --> 00:04:26,840
Speaker 5: so he had quite a lot of flexibility, which was

90
00:04:26,880 --> 00:04:29,400
Speaker 5: super useful because you know, going to a lot of

91
00:04:29,440 --> 00:04:32,560
Speaker 5: appointments and things like that. The flexibility was super important.

92
00:04:33,040 --> 00:04:35,440
Speaker 5: But at the end of the day. I don't know.

93
00:04:35,760 --> 00:04:37,240
Speaker 5: I don't know a lot about like owning your own

94
00:04:37,240 --> 00:04:39,839
Speaker 5: business and franchising and things like that, but it doesn't

95
00:04:39,920 --> 00:04:45,239
Speaker 5: seem to have been particularly good financial decision. Like he's

96
00:04:45,320 --> 00:04:48,440
Speaker 5: not in like the best place right now from like

97
00:04:48,480 --> 00:04:51,919
Speaker 5: a money standpoint, which, yeah, it's just really interesting to

98
00:04:51,920 --> 00:04:55,200
Speaker 5: see that because like seeing him as like a business

99
00:04:55,200 --> 00:04:58,400
Speaker 5: owner or a franchise owner has really, I think definitely

100
00:04:58,440 --> 00:05:00,760
Speaker 5: impacted my money story because I I firmly I'm like,

101
00:05:00,880 --> 00:05:03,120
Speaker 5: I never want to do that. Like I listened to

102
00:05:03,240 --> 00:05:05,800
Speaker 5: occasionally some of the Business Bible episodes and I'm just like,

103
00:05:05,880 --> 00:05:08,400
Speaker 5: I could never, Like I know that there are so

104
00:05:08,440 --> 00:05:10,680
Speaker 5: many benefits to it, but I'm like, please, someone just

105
00:05:10,680 --> 00:05:13,240
Speaker 5: be my boss and pay me, give me some money.

106
00:05:13,520 --> 00:05:15,839
Speaker 4: I love that you're listening to the Business Bible episodes

107
00:05:15,839 --> 00:05:17,160
Speaker 4: even though you're like, I don't want to be a

108
00:05:17,200 --> 00:05:19,320
Speaker 4: business owner, but I want to know the pervydats. I

109
00:05:19,360 --> 00:05:22,760
Speaker 4: love this for us, but also, I mean, franchising is

110
00:05:22,760 --> 00:05:25,000
Speaker 4: something that I'm actually going to note this down and

111
00:05:25,040 --> 00:05:27,640
Speaker 4: pop it on the list to do an episode on

112
00:05:27,720 --> 00:05:30,160
Speaker 4: because there's lots of people especially after I don't know

113
00:05:30,160 --> 00:05:31,720
Speaker 4: if you've follow me on social media, but I have

114
00:05:31,800 --> 00:05:34,360
Speaker 4: been going ham on multi level marketing and a lot

115
00:05:34,400 --> 00:05:36,960
Speaker 4: of people have been like, oh, is franchising the same

116
00:05:37,120 --> 00:05:39,679
Speaker 4: And short answer is no, it's definitely not the same.

117
00:05:40,040 --> 00:05:43,400
Speaker 4: But there are good franchises and bad franchises, and like

118
00:05:43,680 --> 00:05:46,680
Speaker 4: some people can make absolute bank like I had when

119
00:05:46,720 --> 00:05:50,200
Speaker 4: I was a financial advisor. Complete side note, just interesting conversation, right,

120
00:05:50,560 --> 00:05:54,280
Speaker 4: I had a client who owned four different McDonald's locations

121
00:05:54,360 --> 00:05:57,320
Speaker 4: and that was franchised, and she was making like six

122
00:05:57,360 --> 00:06:00,640
Speaker 4: and a half million dollars a year. WHOA, right, Like

123
00:06:00,880 --> 00:06:04,320
Speaker 4: that's good money. And she had these beautiful locations, like

124
00:06:04,440 --> 00:06:06,440
Speaker 4: really popular places.

125
00:06:05,960 --> 00:06:07,679
Speaker 2: And she was making bank.

126
00:06:08,160 --> 00:06:10,880
Speaker 4: But on the flip side, I have had people come

127
00:06:10,920 --> 00:06:12,240
Speaker 4: to me and be like, oh, I really want to,

128
00:06:12,240 --> 00:06:15,760
Speaker 4: you know, go into this Polates franchise and they kind

129
00:06:15,760 --> 00:06:18,440
Speaker 4: of take all your profit. You don't make anything, and

130
00:06:18,600 --> 00:06:22,080
Speaker 4: you are absolutely like hamstrung. You also aren't able to

131
00:06:22,160 --> 00:06:24,960
Speaker 4: leave them without a massive like non compete period. It

132
00:06:25,040 --> 00:06:27,000
Speaker 4: was just like a really bad.

133
00:06:26,960 --> 00:06:27,800
Speaker 2: Decision for them.

134
00:06:27,839 --> 00:06:30,640
Speaker 4: But that doesn't mean that all Polarates franchises are bad,

135
00:06:30,680 --> 00:06:33,080
Speaker 4: do you know what I mean? And so it's an

136
00:06:33,120 --> 00:06:35,560
Speaker 4: interesting conversation to have because I think one it's a

137
00:06:35,600 --> 00:06:37,400
Speaker 4: little bit pervy because you want to know how people

138
00:06:37,440 --> 00:06:40,720
Speaker 4: own their businesses. But also, I mean, your parents did

139
00:06:40,800 --> 00:06:44,400
Speaker 4: purchase into video stats, which don't exist now, so I

140
00:06:44,440 --> 00:06:46,880
Speaker 4: feel like that might play into it as well.

141
00:06:47,400 --> 00:06:50,040
Speaker 5: Yeah, there was also I don't know if you remember

142
00:06:50,040 --> 00:06:52,360
Speaker 5: in twenty and eleven, that was a really big flood

143
00:06:52,360 --> 00:06:53,360
Speaker 5: that happened in Brisbane.

144
00:06:53,480 --> 00:06:55,120
Speaker 2: Oh yeah, yeah, their business was.

145
00:06:55,240 --> 00:06:57,839
Speaker 5: Literally underwater, like completely more.

146
00:06:57,800 --> 00:07:00,600
Speaker 2: Oh my god. And it's a physical product. You can't

147
00:07:00,720 --> 00:07:03,400
Speaker 2: rent out dvbs if they are wet. No.

148
00:07:04,080 --> 00:07:06,560
Speaker 5: Yeah, so obviously that had a lot to do with

149
00:07:06,600 --> 00:07:09,039
Speaker 5: how things kind of shook out. But you you write

150
00:07:09,040 --> 00:07:11,160
Speaker 5: like it was at that inflection point too, of like

151
00:07:11,200 --> 00:07:13,280
Speaker 5: they were starting to think about getting out and then

152
00:07:13,720 --> 00:07:15,280
Speaker 5: the big flood happened and they had to sort of

153
00:07:15,280 --> 00:07:18,000
Speaker 5: decide like do we just keep going? And they did

154
00:07:18,120 --> 00:07:19,520
Speaker 5: and that was maybe.

155
00:07:19,760 --> 00:07:24,280
Speaker 4: But yeah, so it's actually insane to think like that.

156
00:07:24,320 --> 00:07:26,680
Speaker 4: So many people could have been on that, and I'm

157
00:07:26,720 --> 00:07:28,920
Speaker 4: sure that there are people who you know, purchased into

158
00:07:29,000 --> 00:07:33,000
Speaker 4: video stores who have really really healthy bank accounts now

159
00:07:33,080 --> 00:07:35,200
Speaker 4: because they made that decision and maybe got out at

160
00:07:35,240 --> 00:07:35,640
Speaker 4: the right time.

161
00:07:35,720 --> 00:07:38,040
Speaker 2: It's such an interesting piece and that's.

162
00:07:37,920 --> 00:07:42,520
Speaker 5: All business, right, Like that can happen in any industry, literally, So.

163
00:07:42,560 --> 00:07:44,480
Speaker 4: Tell me a bit more. You mentioned before that your

164
00:07:44,560 --> 00:07:47,000
Speaker 4: mum got sick with cancer while you were in high school.

165
00:07:47,080 --> 00:07:49,320
Speaker 4: I feel like that's a very big piece of your

166
00:07:49,360 --> 00:07:50,000
Speaker 4: money store.

167
00:07:50,160 --> 00:07:56,120
Speaker 5: Yeah, it's actually watching her sort of handle like working

168
00:07:56,560 --> 00:07:58,880
Speaker 5: after because she had so I think I was on

169
00:07:58,920 --> 00:08:01,760
Speaker 5: about grade nine when she got sick, and I think

170
00:08:01,800 --> 00:08:03,400
Speaker 5: there was like maybe a year or two of treatments

171
00:08:03,400 --> 00:08:05,040
Speaker 5: and things, and then she was in remission for like

172
00:08:05,040 --> 00:08:07,720
Speaker 5: twelve years. So she had a really good, a good

173
00:08:07,800 --> 00:08:11,280
Speaker 5: run after that. And it was interesting seeing her, like

174
00:08:11,320 --> 00:08:14,040
Speaker 5: she didn't want to work because you know, you go

175
00:08:14,280 --> 00:08:15,760
Speaker 5: through something like that, it's like you don't want to

176
00:08:15,800 --> 00:08:18,480
Speaker 5: just do something you don't like, Like you don't want

177
00:08:18,480 --> 00:08:20,720
Speaker 5: to spend your time doing that. She was actually a

178
00:08:20,760 --> 00:08:21,760
Speaker 5: bit of a gamer as well.

179
00:08:23,320 --> 00:08:25,600
Speaker 2: The apple does not fall that far from the tree.

180
00:08:25,720 --> 00:08:28,600
Speaker 5: Yeah, so yeah, just seeing her like want to just

181
00:08:28,680 --> 00:08:32,560
Speaker 5: kind of be the sort of, you know, homemaker kind

182
00:08:32,559 --> 00:08:35,000
Speaker 5: of vibe. And eventually she did kind of go back

183
00:08:35,040 --> 00:08:38,600
Speaker 5: to work in like a retail sort of setting again.

184
00:08:39,240 --> 00:08:42,319
Speaker 5: But yeah, it was it was interesting to see that.

185
00:08:42,600 --> 00:08:45,040
Speaker 2: But is she okay now? Like now that now.

186
00:08:45,200 --> 00:08:47,640
Speaker 5: She passed away.

187
00:08:48,040 --> 00:08:50,160
Speaker 4: My heart no, but that doesn't mean I don't want

188
00:08:50,200 --> 00:08:52,320
Speaker 4: to talk about your mum, and I hope you're comfortable

189
00:08:52,360 --> 00:08:54,840
Speaker 4: with that. So did she end up passing away from

190
00:08:54,920 --> 00:08:56,599
Speaker 4: cancer and the same.

191
00:08:56,600 --> 00:09:00,000
Speaker 5: Yeah, my heart after yeah, the twelve years, she actually

192
00:09:00,120 --> 00:09:04,319
Speaker 5: did still have like another like quite a while after that,

193
00:09:04,480 --> 00:09:06,720
Speaker 5: but yeah, it got to a point where the cancer

194
00:09:06,760 --> 00:09:09,679
Speaker 5: unfortunately won. When my parents did eventually get out of

195
00:09:09,720 --> 00:09:12,680
Speaker 5: the video store, they were able to move up to

196
00:09:12,679 --> 00:09:15,280
Speaker 5: the Sunshine Coast and be closer to family, and it

197
00:09:15,360 --> 00:09:17,040
Speaker 5: was really nice that she got to be a beach

198
00:09:17,080 --> 00:09:19,360
Speaker 5: for her last couple of years and it was good,

199
00:09:19,480 --> 00:09:20,000
Speaker 5: it was nice.

200
00:09:20,080 --> 00:09:22,360
Speaker 2: Oh so beautiful up there too.

201
00:09:22,679 --> 00:09:28,200
Speaker 4: Yeah, obviously horrible, yeah no, no, absolutely horrible outcome, but

202
00:09:28,360 --> 00:09:31,400
Speaker 4: like I'm glad that she got to live her life nicely,

203
00:09:31,600 --> 00:09:34,000
Speaker 4: like being able to move to the Sunshine Coast and

204
00:09:34,040 --> 00:09:36,760
Speaker 4: like probably spend more time with you, Like that's exactly

205
00:09:36,800 --> 00:09:39,840
Speaker 4: what we want, right, Yeah, So tell me once you

206
00:09:39,880 --> 00:09:42,760
Speaker 4: became an adult, you got a sixty thousand dollars a

207
00:09:42,880 --> 00:09:43,480
Speaker 4: year job.

208
00:09:43,760 --> 00:09:46,000
Speaker 2: What was that job? And tell me a bit more

209
00:09:46,000 --> 00:09:46,959
Speaker 2: about how that ended.

210
00:09:47,240 --> 00:09:50,600
Speaker 5: So I actually grew up in Brisbane and I'm now

211
00:09:50,640 --> 00:09:53,240
Speaker 5: in Sydney, So I had like my first big girl

212
00:09:53,320 --> 00:09:56,200
Speaker 5: job in Brisbane and then after like maybe three years

213
00:09:56,200 --> 00:09:58,960
Speaker 5: of being there, my partner actually got an opportunity and

214
00:09:58,960 --> 00:10:00,920
Speaker 5: they were like, hey, we'll movie Sydney if you want.

215
00:10:00,960 --> 00:10:04,000
Speaker 5: And I was like, that's fantastic. My career in Brisbane

216
00:10:04,160 --> 00:10:06,200
Speaker 5: might not grow that far, but Sydney's got a lot

217
00:10:06,240 --> 00:10:08,320
Speaker 5: of opportunity, so let's do it. So I got my

218
00:10:08,360 --> 00:10:11,360
Speaker 5: first big girl Sydney job, which was the sixty k

219
00:10:11,520 --> 00:10:11,839
Speaker 5: Yu Want.

220
00:10:11,960 --> 00:10:15,360
Speaker 4: That feels big as well, like going from Brisbane to Sydney, like,

221
00:10:15,440 --> 00:10:17,199
Speaker 4: oh I have moved on up.

222
00:10:17,600 --> 00:10:21,920
Speaker 5: I'm like, oh man in a big city. Yeah. So

223
00:10:22,120 --> 00:10:25,640
Speaker 5: it was a really really small studio so at the

224
00:10:25,679 --> 00:10:28,920
Speaker 5: time I was like a graphic designer and that's similar

225
00:10:28,960 --> 00:10:31,080
Speaker 5: to what I was doing before, but I was coming

226
00:10:31,120 --> 00:10:33,400
Speaker 5: from more of like a digital space and going to

227
00:10:33,480 --> 00:10:35,280
Speaker 5: more of a like a creative agency.

228
00:10:36,040 --> 00:10:36,600
Speaker 2: Very cool.

229
00:10:36,800 --> 00:10:39,079
Speaker 5: Yeah, it was really fun. It was a really good

230
00:10:39,120 --> 00:10:42,480
Speaker 5: way to like get to know Sydney. I liked it.

231
00:10:42,679 --> 00:10:44,960
Speaker 5: I thought I was doing good because a couple months in,

232
00:10:45,120 --> 00:10:46,840
Speaker 5: as you mentioned at the start, I got a bonus

233
00:10:46,880 --> 00:10:48,559
Speaker 5: and it was like thanks for doing such a great job,

234
00:10:48,600 --> 00:10:50,200
Speaker 5: and I was like, oh, amazing.

235
00:10:50,200 --> 00:10:51,000
Speaker 2: You were welcome.

236
00:10:51,200 --> 00:10:55,720
Speaker 5: Yeah, anytime I'll keep going. Yeah, but we didn't because

237
00:10:55,720 --> 00:10:58,600
Speaker 5: it was such a small business. There weren't really it

238
00:10:58,600 --> 00:11:01,000
Speaker 5: wasn't really frameworks for like Tovell and things like that,

239
00:11:01,120 --> 00:11:03,080
Speaker 5: Like we weren't ever really having check ins to be

240
00:11:03,160 --> 00:11:05,640
Speaker 5: like I mean, I thought the bonus was a good

241
00:11:05,720 --> 00:11:08,120
Speaker 5: check in to be like, yeah, good job, but no

242
00:11:08,880 --> 00:11:11,240
Speaker 5: sit down sort of conversations or anything like that. So

243
00:11:11,280 --> 00:11:14,120
Speaker 5: then one day I came in and one of the

244
00:11:14,200 --> 00:11:16,200
Speaker 5: guys sag me down. He's like, so you won't be

245
00:11:16,240 --> 00:11:17,520
Speaker 5: continuing with the company.

246
00:11:17,679 --> 00:11:20,000
Speaker 2: And I was like, huh, sorry, what where did this

247
00:11:20,080 --> 00:11:20,600
Speaker 2: come from?

248
00:11:20,640 --> 00:11:22,760
Speaker 4: And that would have taken you by surprise because you

249
00:11:22,760 --> 00:11:24,439
Speaker 4: didn't see it coming either.

250
00:11:24,559 --> 00:11:25,600
Speaker 2: What did that feel like?

251
00:11:25,880 --> 00:11:28,880
Speaker 5: It felt horrible? I was like so emotional, I burst

252
00:11:28,960 --> 00:11:32,520
Speaker 5: into tears, and I was just like so confused because yeah,

253
00:11:32,559 --> 00:11:34,480
Speaker 5: it was such a shock. I said to them, I

254
00:11:34,520 --> 00:11:34,839
Speaker 5: was like.

255
00:11:34,960 --> 00:11:36,199
Speaker 2: Where did this come from?

256
00:11:36,360 --> 00:11:37,920
Speaker 5: Where did this come from? And they're like, oh, you

257
00:11:37,960 --> 00:11:39,599
Speaker 5: just seem really unhappy.

258
00:11:39,400 --> 00:11:42,120
Speaker 2: Like sorry, what well, Also, my mum had.

259
00:11:41,960 --> 00:11:44,000
Speaker 5: Just been rediagnosed with cats. Also, I'm like, yeah, I

260
00:11:44,040 --> 00:11:46,040
Speaker 5: probably was sad, Like.

261
00:11:46,040 --> 00:11:48,320
Speaker 4: Yeah, I was sad, but that doesn't mean I was

262
00:11:48,360 --> 00:11:49,480
Speaker 4: doing a bad job.

263
00:11:49,760 --> 00:11:51,640
Speaker 5: Yeah, well, so they said that they thought I was

264
00:11:51,640 --> 00:11:53,480
Speaker 5: doing a bad job as well, like in terms of

265
00:11:53,559 --> 00:11:55,520
Speaker 5: they thought I'd be able to do more, and to

266
00:11:55,600 --> 00:11:57,440
Speaker 5: be fair, the type of design that they were doing

267
00:11:57,679 --> 00:12:01,440
Speaker 5: is not what I do now. I definitely have stronger

268
00:12:01,600 --> 00:12:05,199
Speaker 5: skill sets. But I was also like, you can't do this,

269
00:12:05,280 --> 00:12:06,680
Speaker 5: can you? Like you had to tell me that I

270
00:12:06,720 --> 00:12:09,160
Speaker 5: was doing a bad job, and they said, we are

271
00:12:09,200 --> 00:12:12,520
Speaker 5: well within our right and that is when I was like,

272
00:12:12,600 --> 00:12:15,679
Speaker 5: oh no, something that I don't know yet.

273
00:12:15,920 --> 00:12:18,480
Speaker 4: See that stuff gives me the it can Like, I

274
00:12:18,679 --> 00:12:22,640
Speaker 4: manage a lot of people, and I'm very grateful too,

275
00:12:23,360 --> 00:12:26,480
Speaker 4: But I often tell my team like, if your role

276
00:12:26,640 --> 00:12:29,200
Speaker 4: is ever at risk, I will be using that conversation

277
00:12:29,679 --> 00:12:32,440
Speaker 4: like those terms with you, Like I will sit you

278
00:12:32,520 --> 00:12:36,640
Speaker 4: down and be like, hey, you know, if this behavior continues,

279
00:12:36,760 --> 00:12:39,520
Speaker 4: your role is at risk. And I've always been so

280
00:12:39,800 --> 00:12:44,559
Speaker 4: clear about, you know, articulating that if something is coming,

281
00:12:44,600 --> 00:12:46,640
Speaker 4: you'll know about it, because I just think that it

282
00:12:46,720 --> 00:12:50,640
Speaker 4: is poor leadership if any of my team members are

283
00:12:50,640 --> 00:12:54,040
Speaker 4: caught by surprise. For you to have been caught by surprise,

284
00:12:54,559 --> 00:12:57,720
Speaker 4: that was on them, not on you, Like you were

285
00:12:58,400 --> 00:13:02,280
Speaker 4: arguably at sixty thousand a year in a relatively entry

286
00:13:02,360 --> 00:13:04,880
Speaker 4: level role, like it wouldn't have been and like that's

287
00:13:05,080 --> 00:13:07,360
Speaker 4: it's not me being mean, it's just it would have

288
00:13:07,360 --> 00:13:10,319
Speaker 4: been a relatively entry level role. It was their job

289
00:13:10,440 --> 00:13:14,040
Speaker 4: to provide consistent feedback, and if they weren't doing that

290
00:13:14,080 --> 00:13:16,520
Speaker 4: and you were surprised by the outcome, that actually is

291
00:13:16,559 --> 00:13:19,840
Speaker 4: a reflection of them being pretty terrible leaders, like one

292
00:13:19,880 --> 00:13:22,360
Speaker 4: out of ten for them, Like it's got nothing to

293
00:13:22,400 --> 00:13:24,920
Speaker 4: do with you, and you know what, maybe like maybe

294
00:13:24,920 --> 00:13:25,960
Speaker 4: you were doing bad job.

295
00:13:26,280 --> 00:13:28,959
Speaker 2: That's fine, that's absolutely fine, but you.

296
00:13:29,160 --> 00:13:32,440
Speaker 4: Deserved their feedback to be like, hey, money Dires, like,

297
00:13:32,720 --> 00:13:35,080
Speaker 4: you know, we actually need to see you performing here,

298
00:13:35,160 --> 00:13:37,280
Speaker 4: but you're right here right now, and you go, yeah,

299
00:13:37,320 --> 00:13:39,480
Speaker 4: no worries, I'm working towards it. Like you should have

300
00:13:39,600 --> 00:13:42,600
Speaker 4: had so many check in points that by the time

301
00:13:42,640 --> 00:13:45,040
Speaker 4: they sat you down and said, hey, money Dires, like

302
00:13:45,160 --> 00:13:47,120
Speaker 4: this role isn't going to work out, you'd be like, yeah,

303
00:13:47,160 --> 00:13:49,960
Speaker 4: I know, like you've been telling me, it just makes sense,

304
00:13:50,120 --> 00:13:52,360
Speaker 4: Like I've actually already in the background been looking for

305
00:13:52,400 --> 00:13:55,760
Speaker 4: a new job, like this should have been an ongoing conversation.

306
00:13:55,960 --> 00:13:58,040
Speaker 4: And it makes me so mad because so many people

307
00:13:58,120 --> 00:14:00,680
Speaker 4: in the She's on the Money community message me and

308
00:14:00,720 --> 00:14:03,080
Speaker 4: be like, oh, I you know, same situation as you.

309
00:14:03,120 --> 00:14:06,079
Speaker 4: I got surprised fired and you're just like, that is

310
00:14:06,120 --> 00:14:06,920
Speaker 4: not on you.

311
00:14:07,080 --> 00:14:10,880
Speaker 2: That is on them for honestly most of the time,

312
00:14:11,360 --> 00:14:14,880
Speaker 2: not having the balls to have hard conversations with their team.

313
00:14:14,960 --> 00:14:17,120
Speaker 5: Yeah. I definitely think it was that. Like some of

314
00:14:17,160 --> 00:14:19,000
Speaker 5: the things I was saying in the conversation as well

315
00:14:19,000 --> 00:14:22,040
Speaker 5: were just like the math wasn't mathing. They were like, oh,

316
00:14:22,760 --> 00:14:24,480
Speaker 5: you should have been teaching yourself how to use this

317
00:14:24,520 --> 00:14:26,800
Speaker 5: application on the weekends and I'm like.

318
00:14:26,720 --> 00:14:30,280
Speaker 4: What, sorry, No, I were you buying me on the weekends.

319
00:14:30,440 --> 00:14:32,280
Speaker 5: Yeah, And it's like, also, did you tell me that

320
00:14:32,320 --> 00:14:35,280
Speaker 5: you wanted to be to learn that and you didn't. Oh.

321
00:14:35,320 --> 00:14:38,080
Speaker 4: And also I love when they start saying things like

322
00:14:38,600 --> 00:14:42,000
Speaker 4: oh yeah, and I mean cultural fit. You're like, sorry,

323
00:14:42,040 --> 00:14:43,920
Speaker 4: why is that being added to the mix?

324
00:14:44,040 --> 00:14:46,680
Speaker 2: Like, oh yeah it was.

325
00:14:46,760 --> 00:14:49,280
Speaker 5: It was, Yeah, so devastating, so devastating.

326
00:14:49,320 --> 00:14:52,120
Speaker 4: I'm sorry that that happened. And I think the shittiest

327
00:14:52,120 --> 00:14:55,440
Speaker 4: part about that is their poor leadership has now meant

328
00:14:55,520 --> 00:14:58,440
Speaker 4: that you are still struggling with imposter syndrome.

329
00:14:58,960 --> 00:14:59,920
Speaker 2: So tell me a bit.

330
00:14:59,760 --> 00:15:03,400
Speaker 4: More about that, because that that's a bullshit syndrome. I

331
00:15:03,520 --> 00:15:06,160
Speaker 4: have it, you have it, but we all know we

332
00:15:06,200 --> 00:15:07,080
Speaker 4: shouldn't have it.

333
00:15:07,400 --> 00:15:10,200
Speaker 5: Yeah, honestly, I think I had it before this happened,

334
00:15:10,200 --> 00:15:14,320
Speaker 5: but that obviously has acerbated it a lot. The worst

335
00:15:14,320 --> 00:15:18,240
Speaker 5: part was like once it happened, I was like, how

336
00:15:18,240 --> 00:15:19,880
Speaker 5: do I get another job? Like what do you tell

337
00:15:19,920 --> 00:15:24,680
Speaker 5: people when that happens? And luckily I had when I

338
00:15:24,720 --> 00:15:28,120
Speaker 5: was in university, I was in like an academic program

339
00:15:28,200 --> 00:15:33,120
Speaker 5: because classic high achiever. So I sent the email to

340
00:15:33,160 --> 00:15:34,800
Speaker 5: the manager of the group, and I was like, Hey,

341
00:15:34,840 --> 00:15:37,640
Speaker 5: this thing happened, help me, Like what do I do?

342
00:15:38,080 --> 00:15:39,720
Speaker 5: So I was very lucky I had someone I could

343
00:15:39,760 --> 00:15:41,920
Speaker 5: reach out to and have a conversation about, like what

344
00:15:42,000 --> 00:15:45,000
Speaker 5: should we do? Like what does this look like? I

345
00:15:45,040 --> 00:15:47,320
Speaker 5: can't even really remember what I did. I think they

346
00:15:47,320 --> 00:15:49,440
Speaker 5: were basically like, just don't bring it up, and I

347
00:15:49,440 --> 00:15:52,480
Speaker 5: think that's what I ended up doing. And luckily, no

348
00:15:52,560 --> 00:15:55,920
Speaker 5: one when I was interviewing was like what happened. I

349
00:15:55,920 --> 00:15:58,280
Speaker 5: think I kind of was just phrasing it like my

350
00:15:58,440 --> 00:16:01,440
Speaker 5: year ended, like is it like it was a contract,

351
00:16:02,320 --> 00:16:04,119
Speaker 5: It's fine, it's done.

352
00:16:04,600 --> 00:16:06,560
Speaker 2: You do what you've got to do to get by.

353
00:16:07,120 --> 00:16:09,640
Speaker 5: Yeah, Like I definitely would talk about it now because

354
00:16:09,760 --> 00:16:12,320
Speaker 5: enough time is past and like I'm confident enough in

355
00:16:12,360 --> 00:16:14,600
Speaker 5: myself that i could look back at that and be like, yeah,

356
00:16:14,640 --> 00:16:17,800
Speaker 5: well it wasn't a right fit, and like they ended

357
00:16:17,840 --> 00:16:20,120
Speaker 5: it and it was a surprise. I'm glad I'm not

358
00:16:20,160 --> 00:16:22,520
Speaker 5: there anymore, because I do think it was not a

359
00:16:22,560 --> 00:16:23,480
Speaker 5: great company one.

360
00:16:23,400 --> 00:16:26,520
Speaker 2: Hundred percent, because they're terrible leaders, one out of ten.

361
00:16:26,880 --> 00:16:29,400
Speaker 4: Like I feel like in moments like that, it really

362
00:16:29,480 --> 00:16:32,440
Speaker 4: shows the type of team they are, like, and they're

363
00:16:32,440 --> 00:16:34,480
Speaker 4: probably the same type of team that's like, yeah, we're

364
00:16:34,520 --> 00:16:37,800
Speaker 4: a great, close knit family, Rara, but also we blindside

365
00:16:37,800 --> 00:16:41,560
Speaker 4: our staff like one out of ten. So talk to me.

366
00:16:42,040 --> 00:16:44,440
Speaker 4: I know that you've got a better job. Now, fast

367
00:16:44,480 --> 00:16:46,840
Speaker 4: forward to today. What do you do for work and

368
00:16:46,880 --> 00:16:47,880
Speaker 4: how much money do you warn?

369
00:16:48,080 --> 00:16:51,760
Speaker 5: Yes? So, I am currently a senior product designer at

370
00:16:51,800 --> 00:16:55,800
Speaker 5: a tech company on one hundred and forty five thousand

371
00:16:55,800 --> 00:16:58,479
Speaker 5: and six hundred dollars a year, not including super.

372
00:16:58,400 --> 00:17:03,880
Speaker 4: Oh okay, okay, and then super is plus. Yeah, Oh

373
00:17:03,960 --> 00:17:05,760
Speaker 4: my god, can you please tell me what a senior

374
00:17:05,800 --> 00:17:07,680
Speaker 4: product designer does at a tech coming?

375
00:17:07,840 --> 00:17:09,479
Speaker 2: I have no idea what that means.

376
00:17:09,840 --> 00:17:12,880
Speaker 5: Yeah. So it's like a mix of user interface design

377
00:17:13,080 --> 00:17:15,920
Speaker 5: and user experience design. So it's both how.

378
00:17:15,760 --> 00:17:19,480
Speaker 2: Oh yeah, totally yeah, Okay, it's.

379
00:17:19,280 --> 00:17:22,440
Speaker 5: Like how something looks is like the user interface part,

380
00:17:22,520 --> 00:17:25,040
Speaker 5: like literally like the buttons and stuff, and then the

381
00:17:25,160 --> 00:17:29,439
Speaker 5: experience part is like how someone actually uses it. So

382
00:17:29,640 --> 00:17:32,919
Speaker 5: it's like full end to end, like what is the

383
00:17:32,960 --> 00:17:35,199
Speaker 5: problem we are trying to solve? And then it's like

384
00:17:35,280 --> 00:17:37,679
Speaker 5: how would someone use it? And then sometimes there's like

385
00:17:37,880 --> 00:17:39,920
Speaker 5: testing and things that you do with people.

386
00:17:39,760 --> 00:17:42,200
Speaker 4: That's actually really cool, so you like make it look

387
00:17:42,240 --> 00:17:45,240
Speaker 4: pretty but also make it really functional at the same time.

388
00:17:45,320 --> 00:17:46,200
Speaker 5: Yeah, make it work.

389
00:17:47,080 --> 00:17:48,160
Speaker 2: Oh I love that.

390
00:17:48,240 --> 00:17:50,520
Speaker 4: And so obviously you went from like more of a

391
00:17:50,560 --> 00:17:53,000
Speaker 4: graphic design role and now you're earning like one hundred

392
00:17:53,000 --> 00:17:55,760
Speaker 4: and forty five grand as a thirty three year old.

393
00:17:55,840 --> 00:17:57,320
Speaker 2: That is so epic.

394
00:17:58,119 --> 00:18:00,640
Speaker 4: Tell me how long did it take you to get

395
00:18:00,640 --> 00:18:02,679
Speaker 4: to a role where you were literally earning more than

396
00:18:02,760 --> 00:18:04,480
Speaker 4: double what you were in the job that you got

397
00:18:04,480 --> 00:18:06,720
Speaker 4: fired from, because that's actually a bit of a sleigh, right.

398
00:18:07,240 --> 00:18:11,560
Speaker 5: Yeah. So that role was super like we do posters like.

399
00:18:11,640 --> 00:18:15,560
Speaker 5: It was very like classic graphic design. And so my

400
00:18:15,640 --> 00:18:19,000
Speaker 5: next role was another small agency but a bit bigger,

401
00:18:19,480 --> 00:18:22,639
Speaker 5: and it was more sort of digital focus, so like

402
00:18:22,920 --> 00:18:26,160
Speaker 5: more opportunity to be doing more like websites and applications

403
00:18:26,160 --> 00:18:27,960
Speaker 5: and things like that again, which is what I actually

404
00:18:28,000 --> 00:18:31,600
Speaker 5: had done previously. Yeah, so got a bit more stuck

405
00:18:31,640 --> 00:18:34,360
Speaker 5: into that. And luckily while I was there, the company

406
00:18:34,440 --> 00:18:35,960
Speaker 5: had quite a bit of growth and I had the

407
00:18:36,000 --> 00:18:38,760
Speaker 5: opportunity to kind of growth at the company, and we

408
00:18:38,800 --> 00:18:41,480
Speaker 5: started getting some customers that were like, oh, we want

409
00:18:41,720 --> 00:18:44,359
Speaker 5: more use to interface stuff. So I was able to

410
00:18:44,359 --> 00:18:47,800
Speaker 5: get into that. And then this next company was really good.

411
00:18:47,840 --> 00:18:50,959
Speaker 5: They were very into like development and cared a lot

412
00:18:51,000 --> 00:18:54,400
Speaker 5: about making sure that their employees were like getting further

413
00:18:54,520 --> 00:18:57,520
Speaker 5: educations and feeling challenge and things like that. So I

414
00:18:57,520 --> 00:19:00,919
Speaker 5: actually did a bit of additional T was like a

415
00:19:01,000 --> 00:19:04,639
Speaker 5: six week short course in user experience design, which is

416
00:19:04,680 --> 00:19:07,360
Speaker 5: what I now do. So I was kind of doing

417
00:19:07,440 --> 00:19:10,520
Speaker 5: it as a job, but also I had never done

418
00:19:10,520 --> 00:19:12,560
Speaker 5: any training in it, so I did something official training

419
00:19:12,600 --> 00:19:14,640
Speaker 5: to like really film up those skills.

420
00:19:14,760 --> 00:19:17,480
Speaker 4: How did you realize that this was a career path

421
00:19:17,560 --> 00:19:20,760
Speaker 4: you were interested in, because one when you said I'm

422
00:19:20,800 --> 00:19:23,680
Speaker 4: a senior product designer, like, I had no idea what

423
00:19:23,680 --> 00:19:25,760
Speaker 4: that is. It now makes a lot of sense, But

424
00:19:25,960 --> 00:19:28,440
Speaker 4: how do you go, oh, I really want to do

425
00:19:28,480 --> 00:19:31,399
Speaker 4: this as a role from going oh, you know, and

426
00:19:31,440 --> 00:19:34,479
Speaker 4: I'm very very much simplifying it, but going from you know,

427
00:19:34,640 --> 00:19:37,560
Speaker 4: creating pretty posters to something which I would deem to

428
00:19:37,600 --> 00:19:40,159
Speaker 4: be a lot more technical and involved.

429
00:19:40,320 --> 00:19:42,120
Speaker 2: Is this something that you went to UNI with?

430
00:19:42,280 --> 00:19:44,240
Speaker 4: Like is this something where you know you were just

431
00:19:44,320 --> 00:19:46,880
Speaker 4: really good at coding your MySpace back in the day

432
00:19:47,200 --> 00:19:50,520
Speaker 4: and realized, actually, I'm pretty good at this and I

433
00:19:50,560 --> 00:19:52,760
Speaker 4: want to make this my job. Like how does this

434
00:19:52,920 --> 00:19:53,840
Speaker 4: come to fruition?

435
00:19:54,160 --> 00:19:57,520
Speaker 5: Yeah, it's an interesting journey because if you had told

436
00:19:58,440 --> 00:20:02,240
Speaker 5: graphic design me at the time that that kind of

437
00:20:02,280 --> 00:20:04,399
Speaker 5: salary was possible, I would have been like, you are kidding,

438
00:20:04,560 --> 00:20:06,560
Speaker 5: Because I remember one of my friends talking to me.

439
00:20:06,680 --> 00:20:08,439
Speaker 5: She was a freelance illustrator and she was on like

440
00:20:08,520 --> 00:20:11,720
Speaker 5: eighty K and I was like, whoa, that's like the

441
00:20:11,760 --> 00:20:12,760
Speaker 5: most I could imagine.

442
00:20:12,880 --> 00:20:14,400
Speaker 2: That's so much money. Yeah.

443
00:20:14,880 --> 00:20:18,199
Speaker 5: Yeah, I don't even remember when I found out that this,

444
00:20:18,800 --> 00:20:22,840
Speaker 5: Like I can't quite pinpoint it exactly. But when I

445
00:20:22,920 --> 00:20:26,280
Speaker 5: was going into my degree, I actually started with interior

446
00:20:26,320 --> 00:20:29,680
Speaker 5: design because of the sims. I was like, I can

447
00:20:29,720 --> 00:20:30,919
Speaker 5: decorate a room. I'm great at this.

448
00:20:31,320 --> 00:20:32,520
Speaker 2: Yeah, I am fantastic.

449
00:20:32,560 --> 00:20:37,480
Speaker 4: What wall paneling would you laugh exactly, We'll start there flooring, Yeah,

450
00:20:37,480 --> 00:20:39,920
Speaker 4: one hundred percent. Where are we putting the windows? Is

451
00:20:39,960 --> 00:20:42,920
Speaker 4: there a pitched roof? Like ah, yeah, you and I oh, And.

452
00:20:42,920 --> 00:20:45,160
Speaker 5: I did a year of that and it was horrible.

453
00:20:45,359 --> 00:20:47,399
Speaker 5: So I changed the major so it was the same degree,

454
00:20:47,400 --> 00:20:50,199
Speaker 5: but I just changed the major to like visual communication design,

455
00:20:50,280 --> 00:20:53,080
Speaker 5: which wasn't fully like posters. It was like a little

456
00:20:53,080 --> 00:20:54,840
Speaker 5: bit posters, but there was a little bit of that

457
00:20:54,960 --> 00:20:57,680
Speaker 5: like digital kind of element. But yeah, when I graduated,

458
00:20:57,760 --> 00:21:00,760
Speaker 5: I was kind of like, I am not a creative person,

459
00:21:01,080 --> 00:21:03,280
Speaker 5: like in the way that some of these other designers are. Like,

460
00:21:03,320 --> 00:21:05,719
Speaker 5: I just don't see myself at those skill sets. So

461
00:21:05,840 --> 00:21:08,000
Speaker 5: as soon as I had the opportunity in a role

462
00:21:08,359 --> 00:21:11,720
Speaker 5: to do more of that less creative stuff, like the

463
00:21:12,480 --> 00:21:16,639
Speaker 5: thinking not physical pretty picture's part, I noticed that I

464
00:21:16,640 --> 00:21:18,639
Speaker 5: was really good at it. And then from there I

465
00:21:18,640 --> 00:21:21,520
Speaker 5: think I was probably just like going to meet ups

466
00:21:21,560 --> 00:21:25,080
Speaker 5: and things like that, and then like conferences occasionally and

467
00:21:25,080 --> 00:21:26,760
Speaker 5: you'd hear people talk and they'd be like, Oh, I'm

468
00:21:26,760 --> 00:21:28,840
Speaker 5: this kind of designer, and then I'd be like, come on,

469
00:21:29,200 --> 00:21:31,119
Speaker 5: maybe that's the kind of thing I could do. And

470
00:21:31,160 --> 00:21:33,439
Speaker 5: then like I had friends obviously who I graduated with,

471
00:21:33,960 --> 00:21:35,280
Speaker 5: and some of them were kind of going in the

472
00:21:35,280 --> 00:21:37,960
Speaker 5: same direction, so it was kind of like conversations with

473
00:21:38,040 --> 00:21:41,160
Speaker 5: friends and just yeah, seeing what's out there.

474
00:21:41,240 --> 00:21:42,640
Speaker 2: That's really good. I love it.

475
00:21:42,720 --> 00:21:45,879
Speaker 4: Sorry, I'm asking so many like career questions, but often

476
00:21:45,920 --> 00:21:47,240
Speaker 4: we get people on the show and I'm like, but

477
00:21:47,280 --> 00:21:49,359
Speaker 4: how did you get there? Like, you know, I feel

478
00:21:49,359 --> 00:21:51,600
Speaker 4: like there's so much pressure when you're in grade eleven

479
00:21:51,640 --> 00:21:53,240
Speaker 4: and twelve to know what you want to do with

480
00:21:53,320 --> 00:21:56,240
Speaker 4: the rest of your life. And I went into psychology

481
00:21:56,400 --> 00:21:58,199
Speaker 4: and I don't regret it because I feel like it

482
00:21:58,240 --> 00:22:00,800
Speaker 4: obviously helps me in what I do today. But like,

483
00:22:01,560 --> 00:22:05,719
Speaker 4: had I had more opportunity to understand people's career trajectory

484
00:22:05,760 --> 00:22:08,679
Speaker 4: and opportunities, I wouldn't have done psychology. Like you have

485
00:22:08,760 --> 00:22:11,400
Speaker 4: to do so much work and additional degrees to get

486
00:22:11,400 --> 00:22:14,040
Speaker 4: a job in that space, Like what was I doing?

487
00:22:14,800 --> 00:22:17,080
Speaker 2: Like at the time, I'm like, this is my career.

488
00:22:17,480 --> 00:22:20,240
Speaker 4: Like it wasn't though, because I didn't even know what

489
00:22:20,280 --> 00:22:22,120
Speaker 4: the proper outcomes could be.

490
00:22:22,320 --> 00:22:26,320
Speaker 2: Oh, it drives me insane. So I know, since since.

491
00:22:26,080 --> 00:22:29,080
Speaker 4: You getting fired, you've achieved a lot. Tell me, what

492
00:22:29,160 --> 00:22:31,840
Speaker 4: are your big money goals? What are you currently working towards.

493
00:22:32,119 --> 00:22:35,879
Speaker 5: Yeah, so it's so boring because my main goal is

494
00:22:36,000 --> 00:22:39,520
Speaker 5: just maintenance, Like just keep doing what.

495
00:22:40,359 --> 00:22:41,560
Speaker 2: That's not boring.

496
00:22:41,880 --> 00:22:45,160
Speaker 4: That means that you've like achieved it, Like you're like, oh,

497
00:22:45,240 --> 00:22:46,880
Speaker 4: I don't need to work on my cash flow.

498
00:22:47,240 --> 00:22:51,119
Speaker 2: I'm great at that. That's like your goals. What are

499
00:22:51,160 --> 00:22:52,920
Speaker 2: your goals? Ah, you are the goals?

500
00:22:53,200 --> 00:22:58,440
Speaker 5: No, gross, No, But I am going to Europe next year.

501
00:22:58,680 --> 00:22:59,639
Speaker 5: I've heard about flights.

502
00:22:59,680 --> 00:23:00,480
Speaker 2: Oh exciting.

503
00:23:00,560 --> 00:23:03,080
Speaker 5: Yeah, my best friend and my partner and I are

504
00:23:03,160 --> 00:23:05,239
Speaker 5: going because my best friend is French, so I'm going

505
00:23:05,280 --> 00:23:07,160
Speaker 5: to go meet a family, which is really exciting.

506
00:23:07,160 --> 00:23:07,800
Speaker 2: Oh good.

507
00:23:08,040 --> 00:23:11,080
Speaker 5: Yeah. We're also seeing DJ Snake his last concert.

508
00:23:11,359 --> 00:23:12,240
Speaker 2: I love this for you.

509
00:23:13,520 --> 00:23:15,960
Speaker 5: Yeah, so I guess like technically that's probably like the

510
00:23:16,000 --> 00:23:18,919
Speaker 5: big one, but I am kind of always saving for

511
00:23:18,960 --> 00:23:23,200
Speaker 5: a holiday. So but yeah, keep investing, keep contributing to super,

512
00:23:23,480 --> 00:23:26,840
Speaker 5: and keep up with getting my nails done.

513
00:23:27,320 --> 00:23:28,280
Speaker 2: I love that.

514
00:23:28,480 --> 00:23:30,399
Speaker 4: It's all about a little bit of balance that's got

515
00:23:30,400 --> 00:23:32,280
Speaker 4: to a really quick break. And on the flip side,

516
00:23:32,320 --> 00:23:34,200
Speaker 4: I actually I want to dive a bit more into

517
00:23:34,480 --> 00:23:37,639
Speaker 4: that money goal of yours, which is investing, because I

518
00:23:37,720 --> 00:23:40,760
Speaker 4: know that you've got a six figure investment portfolio, and

519
00:23:41,040 --> 00:23:43,880
Speaker 4: I feel like that's a lot at thirty three years old.

520
00:23:43,960 --> 00:23:50,280
Speaker 4: So a guys, don't go anywhere, all right, money dirist.

521
00:23:50,359 --> 00:23:55,040
Speaker 4: We are back and we're talking about investments. So tell

522
00:23:55,040 --> 00:23:57,359
Speaker 4: me you said before, like, oh, I don't really have

523
00:23:57,400 --> 00:23:59,640
Speaker 4: any big money goals, like I'm always saving for a holiday.

524
00:23:59,720 --> 00:24:01,760
Speaker 4: But I know you have a big money goal and

525
00:24:01,800 --> 00:24:05,520
Speaker 4: that must be like financial freedom because you have a

526
00:24:05,560 --> 00:24:09,359
Speaker 4: six figure investment portfolio. And if it's not financial freedom,

527
00:24:09,400 --> 00:24:09,879
Speaker 4: what's that for?

528
00:24:10,119 --> 00:24:10,720
Speaker 2: Tell me more?

529
00:24:10,920 --> 00:24:12,800
Speaker 5: No, you're right, it is financial freedom, I guess, but

530
00:24:12,800 --> 00:24:15,120
Speaker 5: it just feels weird to say, like that's the goal,

531
00:24:15,200 --> 00:24:17,320
Speaker 5: but I guess it is. There's the goal, financial freedom.

532
00:24:17,359 --> 00:24:18,919
Speaker 4: I don't want to work, like if you don't have

533
00:24:18,960 --> 00:24:20,720
Speaker 4: to work, like I want you to work if you

534
00:24:20,760 --> 00:24:23,800
Speaker 4: love it. But like imagine waking up one day and

535
00:24:23,880 --> 00:24:25,280
Speaker 4: going I don't have to go to work and I

536
00:24:25,280 --> 00:24:26,960
Speaker 4: can still pay all of my bills and live my

537
00:24:27,000 --> 00:24:29,680
Speaker 4: best life and I can afford a coffee and my nails,

538
00:24:30,160 --> 00:24:31,560
Speaker 4: Like is that not living?

539
00:24:31,800 --> 00:24:32,040
Speaker 1: Yeah?

540
00:24:32,119 --> 00:24:33,679
Speaker 5: It's funny you say that though, because like when I

541
00:24:33,720 --> 00:24:36,080
Speaker 5: do the math for like looking at what i'd have

542
00:24:36,200 --> 00:24:39,000
Speaker 5: for retirement, I actually have to keep doing exactly what

543
00:24:39,040 --> 00:24:41,120
Speaker 5: I'm doing for the next like thirty years. So it's

544
00:24:41,160 --> 00:24:41,760
Speaker 5: like it's not.

545
00:24:41,920 --> 00:24:43,000
Speaker 2: Sexy like once.

546
00:24:43,440 --> 00:24:45,920
Speaker 4: Like, I feel like I've been trying to stop stop

547
00:24:46,000 --> 00:24:48,440
Speaker 4: ruining the dream for everybody else. So money direst because

548
00:24:48,480 --> 00:24:51,600
Speaker 4: I have been working my butt off to sell investment

549
00:24:51,640 --> 00:24:54,200
Speaker 4: to everybody. I'm like, investment is the best idea ever

550
00:24:54,280 --> 00:24:57,520
Speaker 4: because you can create financial freedom. But then they realize

551
00:24:57,560 --> 00:24:59,760
Speaker 4: it takes like thirty years. I'm like, Noah, don't worry

552
00:24:59,760 --> 00:25:01,639
Speaker 4: about that part. Don't worry about that part. Let's just

553
00:25:01,800 --> 00:25:04,960
Speaker 4: gloss over that you get rich. But tell me, you

554
00:25:05,200 --> 00:25:08,760
Speaker 4: obviously are very aware that you have this investment portfolio

555
00:25:08,760 --> 00:25:11,160
Speaker 4: that looks pretty good now and you need to continue

556
00:25:11,160 --> 00:25:13,359
Speaker 4: to do the same thing for the next thirty years.

557
00:25:13,480 --> 00:25:15,679
Speaker 4: What is that same thing? What are you doing for

558
00:25:15,760 --> 00:25:17,800
Speaker 4: thirty years and what's the outcome going to be?

559
00:25:18,080 --> 00:25:22,120
Speaker 5: Yes, so I will stop Super. So I have about

560
00:25:22,160 --> 00:25:24,879
Speaker 5: one hundred and fifty thousand in SUPER at the moment.

561
00:25:25,359 --> 00:25:30,000
Speaker 5: It is across two almost three accounts, and that is

562
00:25:30,040 --> 00:25:31,880
Speaker 5: for insurance reasons.

563
00:25:32,200 --> 00:25:32,720
Speaker 2: I like that.

564
00:25:32,960 --> 00:25:36,000
Speaker 5: Yes, when the third one was opened, I didn't actually

565
00:25:36,040 --> 00:25:37,800
Speaker 5: realize it was going to happen, and I got so

566
00:25:37,840 --> 00:25:39,919
Speaker 5: shook and I was like two I could handle, but

567
00:25:40,000 --> 00:25:43,520
Speaker 5: three I'm not sure about. But we'll see. Yeah. So

568
00:25:44,080 --> 00:25:49,119
Speaker 5: for that, I am contributing two thousand, five hundred and

569
00:25:49,240 --> 00:25:53,000
Speaker 5: ninety five a month. What and one thousand, three hundred

570
00:25:53,000 --> 00:25:55,399
Speaker 5: and ninety five That is the guarantee, and then I

571
00:25:55,440 --> 00:25:58,880
Speaker 5: do an additional one thousand, two hundred as a salary sacrifice.

572
00:25:58,920 --> 00:26:02,679
Speaker 4: Okay, So that's in to your super which is I guess,

573
00:26:02,760 --> 00:26:07,000
Speaker 4: very very attractive. This external investment though, talk to me

574
00:26:07,040 --> 00:26:08,359
Speaker 4: about that. What does that look like?

575
00:26:08,560 --> 00:26:10,760
Speaker 5: Yes, so I just checked it right before this call,

576
00:26:11,160 --> 00:26:12,680
Speaker 5: and it's gone up a little bit thanks to the

577
00:26:12,760 --> 00:26:14,159
Speaker 5: chaos in America. I'm assuming.

578
00:26:14,280 --> 00:26:17,120
Speaker 4: Oh I love the case, like I don't love what's happening,

579
00:26:17,160 --> 00:26:20,160
Speaker 4: but like I do love watching what it's been doing

580
00:26:20,200 --> 00:26:22,080
Speaker 4: to the share market, like me too.

581
00:26:22,640 --> 00:26:24,600
Speaker 2: Oh, it's very attractive, it is.

582
00:26:24,800 --> 00:26:28,080
Speaker 5: Yeah. So currently my parlor account is sitting at one

583
00:26:28,160 --> 00:26:30,160
Speaker 5: hundred and ten thousand dollars.

584
00:26:30,359 --> 00:26:33,440
Speaker 4: Okay, that is iconic. How did you get one hundred

585
00:26:33,440 --> 00:26:35,880
Speaker 4: and ten thousand dollars in a parlor account? Though?

586
00:26:36,040 --> 00:26:40,119
Speaker 5: Yeah? So I at the moment am contributing two two

587
00:26:40,200 --> 00:26:41,080
Speaker 5: hundred dollars a month.

588
00:26:41,320 --> 00:26:44,680
Speaker 4: I was post tax, so that's like your tax money

589
00:26:44,680 --> 00:26:46,680
Speaker 4: that comes into your bank account because we just talked

590
00:26:46,720 --> 00:26:48,480
Speaker 4: about super so I'm just trying to make sure that

591
00:26:48,480 --> 00:26:51,040
Speaker 4: we can be super clear. So you have found a

592
00:26:51,080 --> 00:26:54,200
Speaker 4: way to get two thousand, two hundred bucks a month

593
00:26:54,320 --> 00:26:54,920
Speaker 4: to invest.

594
00:26:55,240 --> 00:26:56,960
Speaker 2: Yes, you're going to be so rich.

595
00:26:57,000 --> 00:27:00,879
Speaker 5: I love this fingers crossed. It's funny because I was

596
00:27:00,920 --> 00:27:03,639
Speaker 5: looking to see because I knew would talk about like

597
00:27:03,720 --> 00:27:06,200
Speaker 5: how did I get started? And I did start with raise,

598
00:27:06,960 --> 00:27:09,360
Speaker 5: but I was only just doing raise. I was doing

599
00:27:09,359 --> 00:27:12,080
Speaker 5: fifty dollars a week on Rais initially, and that lasted

600
00:27:12,119 --> 00:27:15,359
Speaker 5: six months before I opened my Pearlar account because I

601
00:27:15,440 --> 00:27:16,440
Speaker 5: knew that I wanted to.

602
00:27:16,359 --> 00:27:19,320
Speaker 4: Invest for like, but it's a gateway, like I have

603
00:27:19,480 --> 00:27:23,959
Speaker 4: referred to these micro investing platforms before as like gateway drugs,

604
00:27:24,240 --> 00:27:27,040
Speaker 4: and they are. They're like gateway drugs to getting you investing.

605
00:27:27,160 --> 00:27:28,880
Speaker 4: And then it's a slippery slope. And then you get

606
00:27:28,880 --> 00:27:30,399
Speaker 4: a pearl re account or you get a share z

607
00:27:30,400 --> 00:27:32,720
Speaker 4: these account, and you start investing bigger amounts and then

608
00:27:32,760 --> 00:27:35,960
Speaker 4: you see what's happening, like have you done the maths

609
00:27:35,960 --> 00:27:38,679
Speaker 4: on what your compounding is actually going to look like?

610
00:27:38,920 --> 00:27:42,320
Speaker 5: In that I've gone to the Lovely Government website with

611
00:27:42,359 --> 00:27:43,440
Speaker 5: the Compound.

612
00:27:43,080 --> 00:27:44,920
Speaker 2: Calculator, Yeah, my favorite website.

613
00:27:45,040 --> 00:27:46,639
Speaker 5: Yeah, that's actually how I was doing it, to be

614
00:27:46,720 --> 00:27:49,199
Speaker 5: like I would have to keep doing the same contributions

615
00:27:49,240 --> 00:27:51,520
Speaker 5: to hit a certain point in the future kind of thing.

616
00:27:51,680 --> 00:27:53,679
Speaker 4: So when you say hit a certain point, have you

617
00:27:53,760 --> 00:27:55,720
Speaker 4: picked a point and you've said, oh, this is what

618
00:27:55,760 --> 00:27:57,879
Speaker 4: my goal is, like, talk to me about what that

619
00:27:57,920 --> 00:27:58,359
Speaker 4: looks like.

620
00:27:58,760 --> 00:28:02,359
Speaker 5: Ish, So, like, I haven't like written a specific number down,

621
00:28:02,359 --> 00:28:03,760
Speaker 5: but I think it was. I was listening to one

622
00:28:03,760 --> 00:28:07,399
Speaker 5: of the podcast episodes about like retirement planning or something,

623
00:28:07,440 --> 00:28:10,520
Speaker 5: and they're talking about the actual numbers, and I think

624
00:28:10,560 --> 00:28:13,920
Speaker 5: I'm aiming for like one mill so one point four mil.

625
00:28:13,960 --> 00:28:16,440
Speaker 5: I think it was for me to actually be comfortable,

626
00:28:17,359 --> 00:28:19,680
Speaker 5: which is I'm over budgeting for everything. Yeah.

627
00:28:19,720 --> 00:28:21,439
Speaker 4: I was about to say, Babe, I don't know if

628
00:28:21,480 --> 00:28:23,560
Speaker 4: you've done the actual maths, because you said you did

629
00:28:23,560 --> 00:28:23,960
Speaker 4: the maths.

630
00:28:23,960 --> 00:28:25,040
Speaker 2: But that's not the maths.

631
00:28:25,280 --> 00:28:26,480
Speaker 5: That's not the math Okay.

632
00:28:26,600 --> 00:28:28,880
Speaker 2: I mean that's good, Like that's fantastic.

633
00:28:29,040 --> 00:28:33,280
Speaker 4: Like when you said I've overbudgeted, yes, my friend, you

634
00:28:33,359 --> 00:28:35,639
Speaker 4: have Yes, so you told me I've done it.

635
00:28:35,680 --> 00:28:37,200
Speaker 2: I've done it. In the background twhile.

636
00:28:37,040 --> 00:28:39,560
Speaker 4: We've been talking, because it's just I'm so pervy, Like

637
00:28:39,840 --> 00:28:42,239
Speaker 4: my favorite thing about money. Don't you can't just go

638
00:28:42,360 --> 00:28:44,080
Speaker 4: up to some random at a cafe and be like, hey,

639
00:28:44,120 --> 00:28:44,800
Speaker 4: I like your jump up.

640
00:28:44,800 --> 00:28:47,720
Speaker 2: Also, what do you earn? Like, that's not how this works.

641
00:28:47,720 --> 00:28:50,440
Speaker 4: But I get to ask you literally all of the

642
00:28:50,480 --> 00:28:53,040
Speaker 4: money questions because you decided to sit in front of

643
00:28:53,040 --> 00:28:54,040
Speaker 4: me and say, have at it.

644
00:28:54,160 --> 00:28:54,320
Speaker 5: Vay.

645
00:28:54,920 --> 00:28:57,360
Speaker 4: So you said that you have currently one hundred and

646
00:28:57,400 --> 00:29:00,440
Speaker 4: ten thousand dollars in your Parler account right and you're

647
00:29:00,480 --> 00:29:04,080
Speaker 4: investing two two hundred dollars each in every single month.

648
00:29:04,440 --> 00:29:09,600
Speaker 4: You also said earlier to me that you have in

649
00:29:09,640 --> 00:29:13,160
Speaker 4: your mind another thirty years of doing this. So I've

650
00:29:13,200 --> 00:29:15,320
Speaker 4: taken that number and gone, all right, well, that will

651
00:29:15,320 --> 00:29:18,360
Speaker 4: make you sixty three by that point in time, which

652
00:29:18,400 --> 00:29:20,760
Speaker 4: is a good retirement time. Don't worry with these numbers.

653
00:29:20,800 --> 00:29:24,520
Speaker 4: You've gone retire early. With that, it means over your

654
00:29:24,600 --> 00:29:27,360
Speaker 4: lifetime you are going to You've got you one hundred

655
00:29:27,400 --> 00:29:29,600
Speaker 4: and ten thousand dollars to start with your twenty two

656
00:29:29,680 --> 00:29:33,040
Speaker 4: hundred dollars a month being contributed. For the next thirty years,

657
00:29:33,080 --> 00:29:35,400
Speaker 4: you're going to contribute a total of seven hundred and

658
00:29:35,560 --> 00:29:39,240
Speaker 4: ninety two dollars to that investment, which is very exciting.

659
00:29:39,720 --> 00:29:41,920
Speaker 4: So that's just the cash that you're tipping in. But

660
00:29:42,040 --> 00:29:44,880
Speaker 4: we know that money compounds, and we also know that

661
00:29:44,920 --> 00:29:47,320
Speaker 4: over the last thirty years, the average rate of return

662
00:29:47,360 --> 00:29:50,440
Speaker 4: of the Australian share market has been nine point three percent.

663
00:29:50,720 --> 00:29:52,960
Speaker 4: So I'm just going to use nine percent in this

664
00:29:53,120 --> 00:29:57,719
Speaker 4: situation because it seems kind of reflective, which means you

665
00:29:57,800 --> 00:30:02,520
Speaker 4: will make on average total amount of interest of four million,

666
00:30:02,680 --> 00:30:07,120
Speaker 4: seven hundred thousand dollars. I definitely didn't mas your investment

667
00:30:07,200 --> 00:30:11,680
Speaker 4: portfolio at this point has a trajectory of five point

668
00:30:11,760 --> 00:30:16,160
Speaker 4: six four million dollars, which means at retirement we're not

669
00:30:16,200 --> 00:30:20,920
Speaker 4: even taking your superannuation into consideration. At retirement. That means

670
00:30:21,200 --> 00:30:24,080
Speaker 4: if we just base it off a five percent draw down. So,

671
00:30:24,200 --> 00:30:27,040
Speaker 4: as I said before, nine percent is what the Australian

672
00:30:27,080 --> 00:30:30,160
Speaker 4: share market returns at. But when you retire, we don't

673
00:30:30,160 --> 00:30:32,200
Speaker 4: want to just take all of the profit off the table.

674
00:30:32,280 --> 00:30:34,800
Speaker 4: We want to take five percent and then still have

675
00:30:34,960 --> 00:30:37,400
Speaker 4: some compounding to do, because like we want money to

676
00:30:37,440 --> 00:30:40,880
Speaker 4: make money and like you know, sustainability. So we're going

677
00:30:40,920 --> 00:30:43,560
Speaker 4: to take five percent, and five percent of five point

678
00:30:43,680 --> 00:30:46,800
Speaker 4: six million dollars is an income of two hundred and

679
00:30:46,840 --> 00:30:49,680
Speaker 4: seventy five thousand dollars a year, and that's not what

680
00:30:49,720 --> 00:30:50,760
Speaker 4: your super is going to pay.

681
00:30:50,880 --> 00:30:52,320
Speaker 2: Do you think you could live comfortably?

682
00:30:52,920 --> 00:30:53,920
Speaker 5: I think I could.

683
00:30:53,960 --> 00:30:56,200
Speaker 2: Well. The thing is, though you think you could, We're.

684
00:30:56,040 --> 00:30:58,640
Speaker 5: Going to get into that where am I living situation though,

685
00:30:58,800 --> 00:31:01,200
Speaker 5: because like that's including rent, that's including red.

686
00:31:01,360 --> 00:31:03,280
Speaker 4: Oh okay, So if you're going to pay rent two

687
00:31:03,400 --> 00:31:05,959
Speaker 4: hundred and seventy five thousand dollars, I don't know.

688
00:31:06,080 --> 00:31:07,280
Speaker 2: Could you rent in Sydney?

689
00:31:07,640 --> 00:31:10,160
Speaker 5: Probably, we'll see.

690
00:31:10,120 --> 00:31:11,400
Speaker 2: So that doesn't include your super.

691
00:31:11,440 --> 00:31:15,000
Speaker 4: But I think it's really exciting because life ebbs and flows, right,

692
00:31:15,080 --> 00:31:17,840
Speaker 4: So now we're going to talk about your living situation,

693
00:31:18,000 --> 00:31:20,400
Speaker 4: and that might mean that you contribute less to your

694
00:31:20,400 --> 00:31:23,280
Speaker 4: investments for a period of time, but knowing that you're

695
00:31:23,320 --> 00:31:26,040
Speaker 4: still contributing. You said, two thousand, five hundred and ninety

696
00:31:26,080 --> 00:31:28,760
Speaker 4: five dollars to your super, that's going to work itself

697
00:31:28,800 --> 00:31:32,240
Speaker 4: out over there too, so like your money is going

698
00:31:32,320 --> 00:31:35,160
Speaker 4: to be making money. Tell me about your living situation.

699
00:31:35,360 --> 00:31:36,760
Speaker 5: Yeah, No, I'm just trying to think how I did

700
00:31:36,760 --> 00:31:39,320
Speaker 5: the maths so wrong. I think I was being extremely

701
00:31:39,400 --> 00:31:42,040
Speaker 5: conservative with the like percentage that I was using. I

702
00:31:42,080 --> 00:31:44,600
Speaker 5: was probably using like five percent or something, because I'm

703
00:31:44,600 --> 00:31:44,960
Speaker 5: just like.

704
00:31:45,000 --> 00:31:48,160
Speaker 2: I would much prefer you to underpromise and overdeliver.

705
00:31:48,480 --> 00:31:49,120
Speaker 5: Yes, me too.

706
00:31:49,200 --> 00:31:51,200
Speaker 4: That sounds like a good plan because even if we

707
00:31:51,240 --> 00:31:53,920
Speaker 4: try and underpromise and over deliver for ourselves now and

708
00:31:54,040 --> 00:31:57,120
Speaker 4: change that annual interest rate from nine percent down to

709
00:31:58,440 --> 00:32:01,960
Speaker 4: seven and a half percent, which I like to use often,

710
00:32:02,280 --> 00:32:05,480
Speaker 4: your total investment portfolio by the time your sixty three

711
00:32:05,520 --> 00:32:07,080
Speaker 4: would be four million dollars.

712
00:32:07,160 --> 00:32:09,040
Speaker 2: So I don't know if you could live off that,

713
00:32:09,200 --> 00:32:10,240
Speaker 2: but you let me know.

714
00:32:10,560 --> 00:32:14,800
Speaker 5: Okay, Yeah, I definitely did bad. I blame the compound

715
00:32:15,040 --> 00:32:17,400
Speaker 5: calculator that on the money.

716
00:32:17,480 --> 00:32:19,640
Speaker 2: Oh no, that bad bab Look at my screen right now,

717
00:32:19,680 --> 00:32:20,640
Speaker 2: that's what I'm using.

718
00:32:21,000 --> 00:32:22,960
Speaker 5: Okay, I blame error. It's my.

719
00:32:24,840 --> 00:32:26,840
Speaker 4: Maybe you should call the government up and be like,

720
00:32:27,040 --> 00:32:29,640
Speaker 4: do you guys actually need a senior product designer?

721
00:32:29,760 --> 00:32:33,160
Speaker 5: Oh my god, they don't need me. They need someone better, No.

722
00:32:33,280 --> 00:32:34,160
Speaker 2: They do. They do.

723
00:32:34,560 --> 00:32:38,240
Speaker 4: Like this calculator is ugly, Like it does the job,

724
00:32:38,360 --> 00:32:39,680
Speaker 4: but she's not cute.

725
00:32:39,840 --> 00:32:40,680
Speaker 2: She's not cute.

726
00:32:40,880 --> 00:32:42,880
Speaker 5: I don't mind it because I find it very functional

727
00:32:42,960 --> 00:32:44,000
Speaker 5: and that's my vibes.

728
00:32:44,080 --> 00:32:46,080
Speaker 4: So yeah, okay, all right, well I would like it

729
00:32:46,120 --> 00:32:50,080
Speaker 4: functional and aesthetic. Anyway, back on topic, tell me, are

730
00:32:50,120 --> 00:32:53,080
Speaker 4: you planning on purchasing property? I know in your money

731
00:32:53,160 --> 00:32:55,280
Speaker 4: though you wrote in and said you know, I made

732
00:32:55,320 --> 00:32:57,440
Speaker 4: a lot of progress. I have six figures in my

733
00:32:57,480 --> 00:33:01,120
Speaker 4: super six figures in my investment portfolio, making six figures

734
00:33:01,120 --> 00:33:03,920
Speaker 4: a year. But property feels like a step that's too

735
00:33:03,920 --> 00:33:05,880
Speaker 4: big for me to take. What's that about.

736
00:33:06,160 --> 00:33:08,280
Speaker 5: Yeah, I'm not sold on it because for me, the

737
00:33:08,280 --> 00:33:13,760
Speaker 5: math isn't mathing for property. I really like investing because

738
00:33:13,960 --> 00:33:16,720
Speaker 5: even though I've never had to decrease the amount of

739
00:33:16,720 --> 00:33:18,800
Speaker 5: money so far, I know that I could if I

740
00:33:18,880 --> 00:33:21,160
Speaker 5: wanted to, if I need it to, Like if something happened,

741
00:33:21,280 --> 00:33:22,760
Speaker 5: if I had to take a break, if I had

742
00:33:22,800 --> 00:33:25,120
Speaker 5: a lot paying job, I could just contribute less and

743
00:33:25,240 --> 00:33:28,600
Speaker 5: that would be fine, Like no big deal. But looking

744
00:33:28,760 --> 00:33:33,560
Speaker 5: at a mortgage, like, firstly, there's the deposit, which I

745
00:33:33,600 --> 00:33:35,840
Speaker 5: could definitely save up. I could definitely get there, But

746
00:33:35,920 --> 00:33:41,120
Speaker 5: the idea of locking yourself into a thirty year contract

747
00:33:41,280 --> 00:33:43,000
Speaker 5: that like I would try and do it in less

748
00:33:43,080 --> 00:33:45,840
Speaker 5: but like the reality is, like anything could happen, Like

749
00:33:45,960 --> 00:33:49,400
Speaker 5: I just don't believe that I could be I can't

750
00:33:49,440 --> 00:33:52,040
Speaker 5: see it happening. It's too scary.

751
00:33:52,480 --> 00:33:55,400
Speaker 4: Yeah, but that's also okay because you're not burying your

752
00:33:55,400 --> 00:34:00,000
Speaker 4: head in the sand about your financial situation. You're not going, oh,

753
00:34:00,120 --> 00:34:03,280
Speaker 4: world's you know too overwhelming, like properties too much. I'm

754
00:34:03,320 --> 00:34:05,640
Speaker 4: just going to focus on living my best life like

755
00:34:05,680 --> 00:34:09,600
Speaker 4: you are, investing and creating financial freedom. And at the

756
00:34:09,680 --> 00:34:13,399
Speaker 4: end of the day, property isn't for everybody, Like I'm

757
00:34:13,440 --> 00:34:17,480
Speaker 4: a property person because I want to own the asset,

758
00:34:17,640 --> 00:34:19,600
Speaker 4: like it's something that I'm passionate about.

759
00:34:19,640 --> 00:34:22,520
Speaker 2: I get excited about it. You know, between my husband and.

760
00:34:22,440 --> 00:34:25,360
Speaker 4: I, we are both not like you're going to be

761
00:34:25,400 --> 00:34:27,799
Speaker 4: surprised by this, but we're not incredible at money, Like

762
00:34:27,840 --> 00:34:29,600
Speaker 4: if we have it, we're always like how do we

763
00:34:29,640 --> 00:34:32,880
Speaker 4: spend it? So for us, having a mortgage is actually

764
00:34:32,960 --> 00:34:35,600
Speaker 4: a really good kind of and this is not good maths,

765
00:34:35,640 --> 00:34:38,000
Speaker 4: but it's like forced savings, like we know we have

766
00:34:38,040 --> 00:34:41,440
Speaker 4: to pay it. So therefore having this financial commitment is

767
00:34:41,480 --> 00:34:44,399
Speaker 4: good for us, whereas for other people you like Vie,

768
00:34:44,480 --> 00:34:46,680
Speaker 4: I would not want that at all. And do you

769
00:34:46,719 --> 00:34:48,400
Speaker 4: know what is that going to put you in a

770
00:34:48,400 --> 00:34:49,560
Speaker 4: worse off financial position?

771
00:34:49,880 --> 00:34:49,960
Speaker 5: No?

772
00:34:50,640 --> 00:34:52,680
Speaker 4: Does that mean that you could rent until the day

773
00:34:52,680 --> 00:34:55,000
Speaker 4: you die? Absolutely, because you're going to be in the

774
00:34:55,000 --> 00:34:57,320
Speaker 4: position where you're always going to be able to pay rent,

775
00:34:57,640 --> 00:35:00,600
Speaker 4: and we live in Australia where rental law mean that

776
00:35:00,640 --> 00:35:04,160
Speaker 4: you're never going to be completely screwed over, like and

777
00:35:04,239 --> 00:35:08,120
Speaker 4: having an emergency fund. Having access to cash means you're

778
00:35:08,120 --> 00:35:09,719
Speaker 4: always going to be able to put a roof over

779
00:35:09,760 --> 00:35:12,799
Speaker 4: your head. Might be expensive at one point because it's

780
00:35:12,880 --> 00:35:15,560
Speaker 4: you know, not what you want at that point in time,

781
00:35:15,600 --> 00:35:18,239
Speaker 4: but at the end of the day, you are financially

782
00:35:18,280 --> 00:35:21,680
Speaker 4: secure and I actually don't mind how you do that

783
00:35:21,800 --> 00:35:23,919
Speaker 4: as long as you're making decisions that are in line

784
00:35:23,960 --> 00:35:28,400
Speaker 4: with your values. Your partner that you mentioned before, did

785
00:35:28,480 --> 00:35:31,479
Speaker 4: they want property? Is that something that's causing a little

786
00:35:31,480 --> 00:35:33,759
Speaker 4: bit of conversation in your relationship.

787
00:35:33,920 --> 00:35:36,400
Speaker 5: We're definitely on the same page. I think he was

788
00:35:36,440 --> 00:35:40,120
Speaker 5: probably more pro property initially than I was, because I've

789
00:35:40,120 --> 00:35:42,560
Speaker 5: always been too afraid and he's been more like, oh no,

790
00:35:42,640 --> 00:35:44,680
Speaker 5: that's something we could do. But now I think we're

791
00:35:44,719 --> 00:35:47,560
Speaker 5: just so like because we've been following prices and stuff,

792
00:35:47,600 --> 00:35:49,040
Speaker 5: and we always were kind of like, maybe we'll move

793
00:35:49,080 --> 00:35:51,480
Speaker 5: back to Brisbane because at the time it was a

794
00:35:51,520 --> 00:35:53,600
Speaker 5: lot cheaper in Brisbane, but now it's the same price,

795
00:35:53,680 --> 00:35:56,359
Speaker 5: so we're like that's not looking so hot for us.

796
00:35:57,000 --> 00:35:59,719
Speaker 5: He's on SECRECD. We just can't see how it would

797
00:35:59,800 --> 00:36:03,000
Speaker 5: work because I think, like everything you're saying one hundred

798
00:36:03,000 --> 00:36:06,719
Speaker 5: percent true, but like where we want to live is

799
00:36:06,880 --> 00:36:09,279
Speaker 5: like that's where the mats really doesn't match because we're

800
00:36:09,280 --> 00:36:12,960
Speaker 5: like in inner suit Sydney and like looking at how

801
00:36:13,000 --> 00:36:16,319
Speaker 5: much mortgagure payments are are just so much more than

802
00:36:17,200 --> 00:36:20,160
Speaker 5: like we paid I think six hundred and twenty dollars

803
00:36:20,239 --> 00:36:22,920
Speaker 5: a week in rent for our place, and it's like

804
00:36:23,040 --> 00:36:25,840
Speaker 5: it's pretty good. And I just like, yeah.

805
00:36:25,680 --> 00:36:27,880
Speaker 2: For six hundred and twenty dollars a week, it better.

806
00:36:27,719 --> 00:36:29,680
Speaker 5: Be Oh that's good for No, that's really good.

807
00:36:29,960 --> 00:36:31,880
Speaker 4: I know, I know it's good for Like rent in

808
00:36:31,880 --> 00:36:35,160
Speaker 4: Sydney is astronomical, like it actually it pains me to

809
00:36:35,200 --> 00:36:38,480
Speaker 4: think about it. But if you guys are happy with that,

810
00:36:38,560 --> 00:36:40,320
Speaker 4: like why change it? I Mean the only thing I

811
00:36:40,320 --> 00:36:44,160
Speaker 4: would say in this situation is like explore the option,

812
00:36:44,480 --> 00:36:46,080
Speaker 4: like you don't have to do it, but I would

813
00:36:46,120 --> 00:36:49,200
Speaker 4: be looking at like what would it cost, Like purchasing

814
00:36:49,200 --> 00:36:53,400
Speaker 4: a property in Sydney is to me a very different ballgame,

815
00:36:53,560 --> 00:36:56,480
Speaker 4: Like you could talk about rent vesting and what that

816
00:36:56,520 --> 00:36:59,080
Speaker 4: means to purchase in Brisbane. You could have a look

817
00:36:59,080 --> 00:37:00,680
Speaker 4: at the maths on that and do you know what,

818
00:37:01,040 --> 00:37:03,880
Speaker 4: it might not work out because we know on average,

819
00:37:04,239 --> 00:37:07,560
Speaker 4: the rate of return on property in Australia is lower

820
00:37:07,600 --> 00:37:09,480
Speaker 4: than the rate of return on the share market. And

821
00:37:09,520 --> 00:37:12,560
Speaker 4: if you are more comfortable in the share market, technically

822
00:37:13,000 --> 00:37:16,600
Speaker 4: it's the quote better option in saying that there is

823
00:37:16,680 --> 00:37:19,120
Speaker 4: still for a lot of people a lot of money

824
00:37:19,160 --> 00:37:21,600
Speaker 4: to be made in property because you know they might

825
00:37:21,640 --> 00:37:23,799
Speaker 4: pick the right one in the right location. But with

826
00:37:24,360 --> 00:37:27,400
Speaker 4: any type of investment comes risk. So you've got a

827
00:37:27,440 --> 00:37:28,799
Speaker 4: way up what you're comfortable with.

828
00:37:28,920 --> 00:37:31,399
Speaker 2: And if you're telling me the uncomfortable where we are,

829
00:37:32,200 --> 00:37:35,200
Speaker 2: do that. I'm so proud that you're going to retire

830
00:37:35,640 --> 00:37:37,920
Speaker 2: in a very comfortable position. I haven't even asked what

831
00:37:37,960 --> 00:37:40,880
Speaker 2: your partner does and what type of financial contributions they're making,

832
00:37:40,960 --> 00:37:43,600
Speaker 2: But at the end of the day, you are going

833
00:37:43,680 --> 00:37:44,400
Speaker 2: to be fine.

834
00:37:44,760 --> 00:37:47,200
Speaker 5: Yeah, he's actually in a really similar spot. He does

835
00:37:47,239 --> 00:37:49,319
Speaker 5: earn a little bit more than me. He's also in tech,

836
00:37:49,360 --> 00:37:51,040
Speaker 5: but in more like an engineering role.

837
00:37:51,160 --> 00:37:53,880
Speaker 4: Okay, so we just fancy rich pants is over here,

838
00:37:55,320 --> 00:37:58,400
Speaker 4: No way love it. I mean, we're not going to

839
00:37:58,440 --> 00:38:00,920
Speaker 4: say that at brunch to all of our friends. But like,

840
00:38:01,560 --> 00:38:04,120
Speaker 4: isn't it nice to be in a position where you're like,

841
00:38:04,360 --> 00:38:07,120
Speaker 4: I've actually worked my butt off and I'm going to

842
00:38:07,160 --> 00:38:10,520
Speaker 4: be financially secure and that's really cool.

843
00:38:10,760 --> 00:38:14,200
Speaker 5: Yeah, it is, it really is. But yeah, so with

844
00:38:14,280 --> 00:38:17,160
Speaker 5: the renvesting thing, like it is something we've considered, but

845
00:38:17,320 --> 00:38:19,480
Speaker 5: like both of us are just like max levels of

846
00:38:19,480 --> 00:38:22,560
Speaker 5: stress right now because we're both working too much as

847
00:38:22,640 --> 00:38:25,759
Speaker 5: we just know that we just couldn't possibly mentally right now.

848
00:38:26,280 --> 00:38:28,399
Speaker 5: But maybe we're not saying never though, so I will say,

849
00:38:28,400 --> 00:38:31,600
Speaker 5: like we are both contributing a lot into our super

850
00:38:32,040 --> 00:38:34,000
Speaker 5: within the back of our minds, if we wanted to,

851
00:38:34,200 --> 00:38:36,680
Speaker 5: we could take advantage of the first time super Savor

852
00:38:36,719 --> 00:38:39,920
Speaker 5: scheme like that is lightly in the plan. But at

853
00:38:39,920 --> 00:38:42,560
Speaker 5: the same time where like if we don't take it out,

854
00:38:42,600 --> 00:38:44,880
Speaker 5: we're happy with it to be there. If we wanted to,

855
00:38:45,000 --> 00:38:47,160
Speaker 5: we could and we could kind of make that happen.

856
00:38:47,320 --> 00:38:50,000
Speaker 4: Well, you did tell me before that you're contributing was

857
00:38:50,040 --> 00:38:53,000
Speaker 4: it twelve hundred dollars a month to your superannuation as

858
00:38:53,000 --> 00:38:56,799
Speaker 4: a salary sacrifice. Yeah, so you're doing that and when

859
00:38:56,840 --> 00:39:00,960
Speaker 4: you're doing that, obviously it's for investment purposes in your

860
00:39:01,000 --> 00:39:02,840
Speaker 4: mind at this point. But if you did decide that

861
00:39:02,880 --> 00:39:04,839
Speaker 4: it was for the First Home Super Saviors scheme, all

862
00:39:04,880 --> 00:39:06,480
Speaker 4: you have to do is call your super fund and say,

863
00:39:06,520 --> 00:39:09,359
Speaker 4: I've been making voluntary contributions and I'd like to withdraw them.

864
00:39:09,400 --> 00:39:11,719
Speaker 4: Like it didn't ever have to be labeled for the

865
00:39:11,719 --> 00:39:14,319
Speaker 4: First Home Super Savior Scheme to go in and you

866
00:39:14,400 --> 00:39:16,279
Speaker 4: probably know that, but I just wanted to make it

867
00:39:16,280 --> 00:39:18,640
Speaker 4: clear for anyone listening who's like, oh, like, I don't

868
00:39:18,640 --> 00:39:20,480
Speaker 4: know if it was for this First Home Super Saviors

869
00:39:20,480 --> 00:39:23,240
Speaker 4: scheme or if it was, you know, just a voluntary contribution,

870
00:39:23,400 --> 00:39:27,760
Speaker 4: Like any voluntary contribution can be withdrawn under that scheme,

871
00:39:27,800 --> 00:39:30,800
Speaker 4: which I think is really sexy because one, you're boosting

872
00:39:30,840 --> 00:39:33,480
Speaker 4: your super that's going to be really attractive for when

873
00:39:33,520 --> 00:39:36,360
Speaker 4: you retire. But then also if your values change and

874
00:39:36,400 --> 00:39:38,920
Speaker 4: you're like, actually we do really want to purchase a property,

875
00:39:39,280 --> 00:39:42,359
Speaker 4: you're going to have structured yourself in a way where

876
00:39:42,360 --> 00:39:45,799
Speaker 4: it's going to be even more effective. Like over this

877
00:39:45,880 --> 00:39:48,680
Speaker 4: period of time, let's say if you save, because you

878
00:39:48,680 --> 00:39:51,560
Speaker 4: can save up to fifty thousand dollars into the First

879
00:39:51,560 --> 00:39:54,799
Speaker 4: Home Super Savior scheme. Now, which if we look at

880
00:39:54,800 --> 00:39:57,479
Speaker 4: the time frames will take you about five years because

881
00:39:57,520 --> 00:40:00,520
Speaker 4: of the contribution amounts. But if you in five years

882
00:40:00,520 --> 00:40:02,759
Speaker 4: decided via I want to buy property, you'd be I

883
00:40:02,760 --> 00:40:05,000
Speaker 4: think it's nine and a half thousand dollars better off

884
00:40:05,040 --> 00:40:06,239
Speaker 4: because you use that.

885
00:40:06,239 --> 00:40:07,320
Speaker 2: That is sexy.

886
00:40:07,840 --> 00:40:09,320
Speaker 5: Yeah, it's a really cool scheme.

887
00:40:09,560 --> 00:40:12,560
Speaker 2: Yeah, like I love free money. Like free money is

888
00:40:12,600 --> 00:40:14,080
Speaker 2: my favorite kind of money.

889
00:40:14,480 --> 00:40:16,759
Speaker 4: Yeah, money I didn't have to work for because I

890
00:40:16,840 --> 00:40:20,319
Speaker 4: made smart decisions. Money win. So tell me a bit more.

891
00:40:20,560 --> 00:40:22,600
Speaker 4: I'm assuming the answer is no. But do you have

892
00:40:22,640 --> 00:40:25,640
Speaker 4: any debts? How do you feel about taking on debt?

893
00:40:25,880 --> 00:40:26,040
Speaker 1: Oh?

894
00:40:26,120 --> 00:40:28,920
Speaker 5: Okay, I don't have any debt currently. So I finished

895
00:40:28,920 --> 00:40:30,319
Speaker 5: paying off my HEX last year.

896
00:40:30,440 --> 00:40:32,040
Speaker 2: Oh that is very sexy.

897
00:40:32,280 --> 00:40:33,920
Speaker 5: Oh my god, I was so happy. I had a

898
00:40:33,920 --> 00:40:37,360
Speaker 5: full like celebration. But as soon as I did, the

899
00:40:37,400 --> 00:40:39,400
Speaker 5: amount that was going to my hex is what is

900
00:40:39,480 --> 00:40:42,200
Speaker 5: my salary sacrifice? That's going to Supernow?

901
00:40:42,400 --> 00:40:44,640
Speaker 2: Oh that is so smart. So you kind of switch

902
00:40:44,719 --> 00:40:46,480
Speaker 2: a rude and now you don't even feel it ever.

903
00:40:46,800 --> 00:40:49,960
Speaker 5: Yes, yeah, very tactical. And yeah we have a car,

904
00:40:50,000 --> 00:40:51,399
Speaker 5: but we bought it out right a couple of years

905
00:40:51,400 --> 00:40:54,759
Speaker 5: ago because it's small, cheap, So yeah.

906
00:40:54,480 --> 00:40:55,000
Speaker 2: I love it.

907
00:40:55,080 --> 00:40:56,920
Speaker 4: I love it, So tell me more about your car.

908
00:40:56,960 --> 00:40:59,600
Speaker 4: You bought it small, you bought it outright? How much

909
00:40:59,640 --> 00:41:01,880
Speaker 4: did it cost? What type of car are you driving?

910
00:41:02,320 --> 00:41:05,240
Speaker 5: It's a Jazz. Honda Jazz best car in the world.

911
00:41:05,640 --> 00:41:06,240
Speaker 2: Is it yellow?

912
00:41:07,000 --> 00:41:08,080
Speaker 5: No, it's not growing.

913
00:41:08,080 --> 00:41:10,520
Speaker 4: Oh that's really disappointing because I love a yellow Honda

914
00:41:10,560 --> 00:41:14,439
Speaker 4: Jazz but very smart car. But next time you're driving

915
00:41:14,440 --> 00:41:17,440
Speaker 4: past the Honda Jazz, the person driving it could have

916
00:41:17,920 --> 00:41:22,120
Speaker 4: hundreds of thousands of dollars invested, Like, isn't that kind

917
00:41:22,120 --> 00:41:22,479
Speaker 4: of fun?

918
00:41:22,600 --> 00:41:24,719
Speaker 5: Yeah? Well, because, yeah, the car itself I think was

919
00:41:25,200 --> 00:41:28,880
Speaker 5: fifteen thousand, because it was we bought it in COVID

920
00:41:29,000 --> 00:41:32,480
Speaker 5: times when the used car market was crazy. I don't

921
00:41:32,520 --> 00:41:34,279
Speaker 5: think that car would have actually been worth that much,

922
00:41:34,360 --> 00:41:37,640
Speaker 5: but because of that it but yes, so we just

923
00:41:37,640 --> 00:41:38,600
Speaker 5: want half seas on.

924
00:41:38,560 --> 00:41:40,600
Speaker 2: It and love adore.

925
00:41:40,920 --> 00:41:42,960
Speaker 4: So tell me I feel like you've got some good

926
00:41:43,000 --> 00:41:45,520
Speaker 4: money habits because you did say at the start me,

927
00:41:45,719 --> 00:41:48,080
Speaker 4: I think I'm an A minus, and so far I'm

928
00:41:48,120 --> 00:41:49,920
Speaker 4: not gonna argue with you like I do think you're

929
00:41:49,920 --> 00:41:50,480
Speaker 4: an A minus.

930
00:41:50,480 --> 00:41:51,120
Speaker 2: In fact, i'd.

931
00:41:50,960 --> 00:41:53,120
Speaker 4: Probably be like you sure you're not a plus because

932
00:41:53,120 --> 00:41:56,040
Speaker 4: I can't see any room for improvement at this point, like,

933
00:41:56,320 --> 00:41:59,080
Speaker 4: no feedback, no notes, tell me, what do you think

934
00:41:59,120 --> 00:41:59,840
Speaker 4: your best money have?

935
00:42:00,640 --> 00:42:03,799
Speaker 5: Planning? Definitely planning. My partner and I joke that we

936
00:42:03,840 --> 00:42:07,000
Speaker 5: put twenty four weeks between us and a purchase.

937
00:42:07,400 --> 00:42:09,200
Speaker 2: Twenty four weeks.

938
00:42:09,680 --> 00:42:12,480
Speaker 5: Yeah. Again, it's kind of tactical. So I have a

939
00:42:12,480 --> 00:42:14,000
Speaker 5: birthday really close to yours.

940
00:42:14,120 --> 00:42:15,040
Speaker 2: When's your birthday?

941
00:42:15,200 --> 00:42:15,800
Speaker 5: Early July?

942
00:42:16,080 --> 00:42:18,480
Speaker 2: Yeah, okay, so close to mine? Yeah, love close to.

943
00:42:18,520 --> 00:42:22,359
Speaker 5: Yours, but six months away from Christmas. So I will

944
00:42:22,400 --> 00:42:24,960
Speaker 5: always have like a list of kind of bigger items

945
00:42:24,960 --> 00:42:27,520
Speaker 5: that I want to purchase, or even smaller items like

946
00:42:27,880 --> 00:42:30,200
Speaker 5: just like shoes or whatever, and I kind of plan

947
00:42:30,320 --> 00:42:32,680
Speaker 5: them out through the year. So I'll like ask people

948
00:42:32,719 --> 00:42:35,120
Speaker 5: for money to go towards these specific things so that

949
00:42:35,200 --> 00:42:38,319
Speaker 5: when I am like buying these things, you know, it's

950
00:42:38,480 --> 00:42:40,680
Speaker 5: very planned out. I'm not just like always spending money

951
00:42:40,680 --> 00:42:43,160
Speaker 5: on stuff like that. Yeah, So planning in that regard,

952
00:42:43,200 --> 00:42:47,120
Speaker 5: but also even just things like I am really into cooking,

953
00:42:47,200 --> 00:42:50,400
Speaker 5: like cooking big batches of stuff because I find it

954
00:42:50,480 --> 00:42:53,160
Speaker 5: very cost effective. I am one of those people happy

955
00:42:53,160 --> 00:42:54,759
Speaker 5: to eat the same thing for three days in a row.

956
00:42:54,840 --> 00:42:55,400
Speaker 5: I don't mind.

957
00:42:55,800 --> 00:42:58,640
Speaker 4: See, I can't do it. I can't do it. Like, no, no,

958
00:42:58,719 --> 00:43:01,120
Speaker 4: I wish. I wish because I know that it's so

959
00:43:01,239 --> 00:43:03,120
Speaker 4: practical and I love the idea that there would just

960
00:43:03,160 --> 00:43:05,920
Speaker 4: be something in the fridge that I could eat. And Zara,

961
00:43:06,040 --> 00:43:08,160
Speaker 4: who works for the Shees on the Money team, she

962
00:43:08,360 --> 00:43:10,000
Speaker 4: like full meal preps and I'll be like, Oh, what

963
00:43:10,040 --> 00:43:11,600
Speaker 4: did you have for dinner last night? Did you have

964
00:43:11,640 --> 00:43:14,040
Speaker 4: that thing that we were talking about that you wanted?

965
00:43:14,040 --> 00:43:15,840
Speaker 4: And She's like, oh, no, I actually had something prepped

966
00:43:15,880 --> 00:43:17,239
Speaker 4: in the fridge. And I ate that, And I'm like

967
00:43:17,760 --> 00:43:20,239
Speaker 4: the level of self control you have to be able

968
00:43:20,280 --> 00:43:22,000
Speaker 4: to do that. I would have just gone and got

969
00:43:22,000 --> 00:43:24,319
Speaker 4: the thing I wanted and be like, oh bye to

970
00:43:24,400 --> 00:43:27,920
Speaker 4: the stuff that's in my fridge. Like you guys are icons.

971
00:43:28,480 --> 00:43:29,239
Speaker 4: Could never be me.

972
00:43:29,360 --> 00:43:31,600
Speaker 5: It's a lad gratification though, because like when I have

973
00:43:31,640 --> 00:43:33,319
Speaker 5: that thing that I want, I'm like, oh, I'll have

974
00:43:33,360 --> 00:43:35,920
Speaker 5: that thing on Friday because that's when it's free mill

975
00:43:36,000 --> 00:43:36,520
Speaker 5: Day or something.

976
00:43:36,800 --> 00:43:39,560
Speaker 2: I love that. So you're just good at planning.

977
00:43:39,760 --> 00:43:42,200
Speaker 5: Yeah. But the other part of that, though we've already

978
00:43:42,239 --> 00:43:43,799
Speaker 5: kind of talked about it a little bit. I call

979
00:43:43,840 --> 00:43:45,760
Speaker 5: it conscious lifestyle creep.

980
00:43:46,400 --> 00:43:49,480
Speaker 2: Conscious lifestyle creep. I like that explain the theory.

981
00:43:49,840 --> 00:43:54,560
Speaker 5: So whenever like the money situation changes. Say, like when

982
00:43:54,640 --> 00:43:57,840
Speaker 5: I finished pining off my hex, I very much intentionally

983
00:43:58,000 --> 00:43:59,880
Speaker 5: was like, what is going to happen with this my

984
00:44:00,320 --> 00:44:03,920
Speaker 5: so like most of it went into super but I

985
00:44:03,920 --> 00:44:05,680
Speaker 5: did like keep a little bit of it out and

986
00:44:05,719 --> 00:44:07,439
Speaker 5: I was like, now I can go to the BT

987
00:44:07,840 --> 00:44:11,080
Speaker 5: once a week instead of whatsa before that. So I

988
00:44:11,160 --> 00:44:16,799
Speaker 5: definitely like my lifestyle has crept, but I've tried to

989
00:44:17,080 --> 00:44:20,000
Speaker 5: do it in a way where it's like, you know,

990
00:44:20,040 --> 00:44:24,080
Speaker 5: I'm still making prioritizing the saving and the building of

991
00:44:24,080 --> 00:44:27,319
Speaker 5: the future wealth, but still like trying to you know,

992
00:44:27,680 --> 00:44:30,560
Speaker 5: be comfortable and like what's the word for it, like

993
00:44:31,719 --> 00:44:33,239
Speaker 5: chill out, treat myself a little bit.

994
00:44:33,400 --> 00:44:34,920
Speaker 2: I have a little bit of leniency.

995
00:44:35,400 --> 00:44:39,080
Speaker 5: Leniency. Yeah, So when the tax cuts happened this year,

996
00:44:39,400 --> 00:44:41,080
Speaker 5: my partner and I were like, let's get a cleaner

997
00:44:41,080 --> 00:44:44,640
Speaker 5: once somewhat. Oh I love that, Yeah, because we've just

998
00:44:44,719 --> 00:44:47,000
Speaker 5: been really stressed at the moment and like especially about

999
00:44:47,000 --> 00:44:49,200
Speaker 5: like trying to keep on top of domestic stuff. So

1000
00:44:49,239 --> 00:44:51,319
Speaker 5: we're like, let's just do that. And because of the

1001
00:44:51,480 --> 00:44:53,880
Speaker 5: lovely thank you government tax cuts, we were able to

1002
00:44:53,920 --> 00:44:54,160
Speaker 5: do that.

1003
00:44:54,320 --> 00:44:56,600
Speaker 4: So I love that, and I think it's really important

1004
00:44:56,640 --> 00:45:00,080
Speaker 4: to even talk about those types of things because I

1005
00:45:00,000 --> 00:45:01,759
Speaker 4: I know that it like some people be like, oh

1006
00:45:01,760 --> 00:45:04,040
Speaker 4: my god, the entitlement in having a cleaner, Like I

1007
00:45:04,120 --> 00:45:08,400
Speaker 4: have a cleaner, and when I realized how much pressure

1008
00:45:08,480 --> 00:45:11,240
Speaker 4: it takes off me coming home to a clean house,

1009
00:45:11,400 --> 00:45:14,400
Speaker 4: clean house, clean mind, Like I'm more productive at work,

1010
00:45:14,680 --> 00:45:16,799
Speaker 4: my husband and I are less snappy at each other.

1011
00:45:17,160 --> 00:45:21,200
Speaker 4: To us, I would actually prefer to have cheaper holidays

1012
00:45:21,239 --> 00:45:23,359
Speaker 4: and do less things on the weekend, and go out

1013
00:45:23,360 --> 00:45:26,759
Speaker 4: for less brunches and make those compromises and keep our

1014
00:45:26,840 --> 00:45:30,120
Speaker 4: cleaner than have all of those other lifestylely things. And

1015
00:45:30,160 --> 00:45:32,680
Speaker 4: I think it needs to be about And I know

1016
00:45:32,760 --> 00:45:34,920
Speaker 4: that can sound entitled, especially in the middle of a

1017
00:45:34,960 --> 00:45:37,360
Speaker 4: cost of living crisis, but like, I think it's important

1018
00:45:37,400 --> 00:45:39,480
Speaker 4: to be transparent and real and honest.

1019
00:45:39,960 --> 00:45:42,799
Speaker 2: Like for me, that works for our budget. Does it

1020
00:45:42,840 --> 00:45:44,520
Speaker 2: mean that everyone should do it? Absolutely not.

1021
00:45:44,640 --> 00:45:47,000
Speaker 4: You need to get to a point in your finances

1022
00:45:47,000 --> 00:45:51,040
Speaker 4: where you're like, oh, this would make a valid contribution

1023
00:45:51,239 --> 00:45:54,080
Speaker 4: to our mental health and our physical health, and we

1024
00:45:54,120 --> 00:45:56,600
Speaker 4: see the value in it, and it doesn't stop us

1025
00:45:56,680 --> 00:45:59,640
Speaker 4: from saving or investing, Like it puts us in a

1026
00:45:59,640 --> 00:46:01,560
Speaker 4: good place position. And I think that that's where you

1027
00:46:01,560 --> 00:46:04,200
Speaker 4: get to you know, conscious lifestyle creep.

1028
00:46:04,239 --> 00:46:04,719
Speaker 2: I love that.

1029
00:46:05,000 --> 00:46:07,760
Speaker 5: Yeah, I mean it's the same thing. Like the podcast

1030
00:46:07,760 --> 00:46:11,280
Speaker 5: has actually helped me a lot with like guilt because

1031
00:46:11,360 --> 00:46:13,640
Speaker 5: things like I get my nails done once a month,

1032
00:46:13,680 --> 00:46:15,640
Speaker 5: and like again, like if you say that to someone

1033
00:46:15,719 --> 00:46:17,680
Speaker 5: and they see like my neils, I'll be like, that

1034
00:46:17,800 --> 00:46:19,959
Speaker 5: is insane. I cannot believe you're spending like one hundred

1035
00:46:20,000 --> 00:46:22,000
Speaker 5: dollars a month on that. And I'm like, I know

1036
00:46:22,120 --> 00:46:24,479
Speaker 5: it's crazy, but when I look at my overall cash

1037
00:46:24,560 --> 00:46:27,040
Speaker 5: flow system, like compared to the amount of money I'm investing,

1038
00:46:27,080 --> 00:46:30,560
Speaker 5: it's nothing Like I would feel bad about it if

1039
00:46:30,600 --> 00:46:33,360
Speaker 5: it was like that was the majority of what I

1040
00:46:33,440 --> 00:46:34,040
Speaker 5: was spending.

1041
00:46:34,680 --> 00:46:38,279
Speaker 4: Also, their judgment is a reflection of their thoughts and

1042
00:46:38,360 --> 00:46:41,440
Speaker 4: values and beliefs and behaviors are not yours. And like

1043
00:46:41,760 --> 00:46:44,759
Speaker 4: I have never met anybody doing more than someone who

1044
00:46:44,760 --> 00:46:47,960
Speaker 4: says less about somebody. Like if somebody is questioning your

1045
00:46:48,000 --> 00:46:51,120
Speaker 4: financial decisions, I can promise you they know not that

1046
00:46:51,239 --> 00:46:55,240
Speaker 4: much about finance because the people that are doing well,

1047
00:46:55,840 --> 00:46:58,160
Speaker 4: they're making decisions that are in line with their values

1048
00:46:58,200 --> 00:47:01,880
Speaker 4: and it's not your place to question that. Yeah, And

1049
00:47:01,920 --> 00:47:04,200
Speaker 4: the second people are like, oh my god, here's a

1050
00:47:04,200 --> 00:47:04,920
Speaker 4: piece of judgment.

1051
00:47:04,960 --> 00:47:07,600
Speaker 2: You're like, oh, okay, that says a lot about you,

1052
00:47:07,640 --> 00:47:08,520
Speaker 2: not a lot about me.

1053
00:47:09,160 --> 00:47:12,000
Speaker 4: Yeah, so anyway, I love that. Tell me a little

1054
00:47:12,000 --> 00:47:14,160
Speaker 4: bit about what you're not so good at, Like do

1055
00:47:14,200 --> 00:47:16,040
Speaker 4: you have a worse money habit that you'd be able

1056
00:47:16,040 --> 00:47:18,480
Speaker 4: to identify? Or are you a true a minus but

1057
00:47:18,600 --> 00:47:22,160
Speaker 4: should be a plus? No, I have to you have too, Okay,

1058
00:47:22,239 --> 00:47:23,280
Speaker 4: tell me one of them.

1059
00:47:23,160 --> 00:47:25,360
Speaker 5: Is actually so closely related to what we're just talking about.

1060
00:47:25,520 --> 00:47:28,319
Speaker 5: I am so bad with comparison.

1061
00:47:28,440 --> 00:47:30,960
Speaker 2: I'm picking that up. I'm picking that up, and I'm

1062
00:47:31,000 --> 00:47:32,239
Speaker 2: trying to like push it out.

1063
00:47:32,360 --> 00:47:34,560
Speaker 5: I know, I know, and I was actually reading your

1064
00:47:34,640 --> 00:47:37,239
Speaker 5: investment book at the moment, and I just was last

1065
00:47:37,280 --> 00:47:39,160
Speaker 5: night reading it. But that's like, stop comparing yourself. And

1066
00:47:39,160 --> 00:47:42,520
Speaker 5: I'm like, okay.

1067
00:47:42,280 --> 00:47:45,120
Speaker 4: But seriously, do you know how often we compare ourselves

1068
00:47:45,440 --> 00:47:47,680
Speaker 4: to people who we see and we go, oh my god,

1069
00:47:47,680 --> 00:47:49,960
Speaker 4: they're doing so well and then like you can't see

1070
00:47:50,000 --> 00:47:53,000
Speaker 4: their debt, and then you're like, oh, I wish I

1071
00:47:53,320 --> 00:47:55,319
Speaker 4: you know, had a better car or a better house,

1072
00:47:55,400 --> 00:47:57,200
Speaker 4: or oh my god, they own a property, or they

1073
00:47:57,239 --> 00:47:59,319
Speaker 4: do this, or they do that. But like they're in

1074
00:47:59,400 --> 00:48:01,200
Speaker 4: mountains of day and they're stressed and they have a

1075
00:48:01,280 --> 00:48:03,799
Speaker 4: terrible relationship because all they do is fight because money

1076
00:48:03,880 --> 00:48:06,360
Speaker 4: is really tight. And then that's not what you want,

1077
00:48:06,440 --> 00:48:07,239
Speaker 4: my friend.

1078
00:48:07,320 --> 00:48:10,280
Speaker 5: I know, but it's the like even just with my partner,

1079
00:48:10,360 --> 00:48:12,799
Speaker 5: so I know exactly the position he's in, and like

1080
00:48:12,880 --> 00:48:15,880
Speaker 5: I look at his super and his investments and I'm like,

1081
00:48:15,920 --> 00:48:17,880
Speaker 5: oh my god, I could be doing so much better,

1082
00:48:18,480 --> 00:48:20,080
Speaker 5: Like I could be contributed so much more. But then

1083
00:48:20,120 --> 00:48:22,640
Speaker 5: I'm like, no, he doesn't have the same values, Like

1084
00:48:22,680 --> 00:48:24,759
Speaker 5: he doesn't want to go to branch as much as

1085
00:48:24,800 --> 00:48:26,760
Speaker 5: I do and that kind of thing. And that's fine,

1086
00:48:26,840 --> 00:48:29,080
Speaker 5: but it's so hard to like not look at that

1087
00:48:29,120 --> 00:48:31,400
Speaker 5: and be like I could be doing better.

1088
00:48:31,840 --> 00:48:34,480
Speaker 4: Especially when it's in your house. But then also like,

1089
00:48:34,600 --> 00:48:37,759
Speaker 4: obviously I'm picking up that you guys have separate finances,

1090
00:48:37,760 --> 00:48:42,320
Speaker 4: which is very exciting, Like everyone manages things differently in relationships.

1091
00:48:42,360 --> 00:48:44,560
Speaker 4: But at the end of the day, like your team

1092
00:48:44,760 --> 00:48:48,080
Speaker 4: and him doing well, ultimately is you doing well and

1093
00:48:48,360 --> 00:48:52,120
Speaker 4: you doing your things is positively contributing to his life

1094
00:48:52,120 --> 00:48:52,719
Speaker 4: because he has.

1095
00:48:52,640 --> 00:48:56,840
Speaker 2: A happy partner. Yes, that's true, Like, so you are welcome.

1096
00:48:57,320 --> 00:48:59,400
Speaker 2: Not only do I have a happy partner. I've got

1097
00:48:59,440 --> 00:49:00,760
Speaker 2: a well manned would want.

1098
00:49:00,640 --> 00:49:03,160
Speaker 5: Oh yes, shining else.

1099
00:49:03,400 --> 00:49:05,280
Speaker 2: Exactly, and that makes us happy.

1100
00:49:05,320 --> 00:49:07,239
Speaker 4: And I think that that needs to be taken into

1101
00:49:07,280 --> 00:49:09,360
Speaker 4: consideration as well, because it's like it's so easy to

1102
00:49:09,360 --> 00:49:11,120
Speaker 4: look at his bank balance and be like, it's higher.

1103
00:49:11,400 --> 00:49:13,080
Speaker 2: I could be doing more, I could be doing better,

1104
00:49:13,120 --> 00:49:14,080
Speaker 2: but at what cost?

1105
00:49:14,400 --> 00:49:14,640
Speaker 4: Yeah?

1106
00:49:14,840 --> 00:49:18,279
Speaker 5: No, But I think my other worst money habit is

1107
00:49:18,440 --> 00:49:23,760
Speaker 5: fear or maybe like pessimism. But I'm just like, so, yeah,

1108
00:49:23,920 --> 00:49:26,640
Speaker 5: like everything we've talked about. Whenever I hear someone talking

1109
00:49:26,640 --> 00:49:29,480
Speaker 5: about purchasing a house and they're like, oh, you know,

1110
00:49:29,960 --> 00:49:33,080
Speaker 5: just buy whatever house. You can always buy another one

1111
00:49:33,200 --> 00:49:36,279
Speaker 5: when you earn more money. And I'm like, I think

1112
00:49:36,280 --> 00:49:39,480
Speaker 5: I'm operating at my max level capacity. I don't know

1113
00:49:39,520 --> 00:49:41,719
Speaker 5: that there's a world in which I will want to

1114
00:49:41,760 --> 00:49:43,480
Speaker 5: be earning more money. Like I don't know if I

1115
00:49:43,480 --> 00:49:46,239
Speaker 5: can handle more stress than once in my life at

1116
00:49:46,239 --> 00:49:49,680
Speaker 5: the moment. And it's just like I think about a lot.

1117
00:49:49,800 --> 00:49:52,600
Speaker 5: It's just like I think this is maybe it, but

1118
00:49:52,760 --> 00:49:55,240
Speaker 5: I know I need to work on being less afraid

1119
00:49:55,640 --> 00:49:59,319
Speaker 5: because I have set myself up pretty well, but it's

1120
00:49:59,320 --> 00:49:59,799
Speaker 5: still there.

1121
00:50:00,280 --> 00:50:02,560
Speaker 4: It's still I feel like this might go back to

1122
00:50:02,600 --> 00:50:05,560
Speaker 4: your money story of connecting the dots here watching your

1123
00:50:05,600 --> 00:50:07,600
Speaker 4: parents work so hard and your dad get his own

1124
00:50:07,680 --> 00:50:09,640
Speaker 4: job and then it may be not working out as well,

1125
00:50:09,640 --> 00:50:13,160
Speaker 4: and that being a really big, scary financial decision, and

1126
00:50:13,239 --> 00:50:16,000
Speaker 4: you're going, I still feel like things are fragile. You

1127
00:50:16,000 --> 00:50:19,200
Speaker 4: could do absolutely everything right and then maybe not end

1128
00:50:19,280 --> 00:50:19,600
Speaker 4: up in.

1129
00:50:19,560 --> 00:50:22,200
Speaker 2: A secure financial position. Do you feel like that's playing

1130
00:50:22,239 --> 00:50:22,680
Speaker 2: into it?

1131
00:50:22,960 --> 00:50:25,120
Speaker 5: Yeah, one hundred percent. Yeah. I was reflecting on mat

1132
00:50:25,160 --> 00:50:27,760
Speaker 5: a bit this morning, and I was like, my parents

1133
00:50:27,760 --> 00:50:30,279
Speaker 5: did such a good job of like setting my sister

1134
00:50:30,320 --> 00:50:32,200
Speaker 5: and ie up, like making sure win to a nice

1135
00:50:32,200 --> 00:50:34,760
Speaker 5: school if those public school was still really good public school,

1136
00:50:35,000 --> 00:50:37,160
Speaker 5: and like they did so much, but I don't know

1137
00:50:37,200 --> 00:50:41,160
Speaker 5: that they were doing enough for their future. And yeah,

1138
00:50:41,239 --> 00:50:43,759
Speaker 5: it's definitely looking at that being like I want to

1139
00:50:43,800 --> 00:50:44,840
Speaker 5: do more for me.

1140
00:50:45,800 --> 00:50:48,120
Speaker 4: Yeah, and I think that that's really important. But that

1141
00:50:48,160 --> 00:50:50,520
Speaker 4: goes back to the comparison, because I think your comparison

1142
00:50:50,600 --> 00:50:53,520
Speaker 4: is coming from fear. You're like looking at other people's

1143
00:50:53,520 --> 00:50:55,040
Speaker 4: money goals and going, oh.

1144
00:50:54,920 --> 00:50:56,279
Speaker 2: Well, I'm scared of buying a house.

1145
00:50:56,320 --> 00:50:58,120
Speaker 4: Like you told me earlier that that's just not a

1146
00:50:58,239 --> 00:51:01,720
Speaker 4: value to you, So stop winting in the direction of property.

1147
00:51:01,719 --> 00:51:03,719
Speaker 4: And being like I'm really scared to buy property. You

1148
00:51:03,719 --> 00:51:06,160
Speaker 4: already decided you don't want to, nor do you have to.

1149
00:51:06,280 --> 00:51:08,680
Speaker 4: No one's going to force a property down your throat

1150
00:51:08,719 --> 00:51:10,480
Speaker 4: and be like, hey, money, DRIs, can you cough up

1151
00:51:10,480 --> 00:51:13,480
Speaker 4: that deposit tomorrow? Like we didn't consent to this, Like

1152
00:51:13,520 --> 00:51:16,399
Speaker 4: that's not what we're doing. I think it's so hard, though,

1153
00:51:16,520 --> 00:51:16,839
Speaker 4: But the.

1154
00:51:16,760 --> 00:51:19,360
Speaker 5: Flip side of that is like, well, then I'm retiring

1155
00:51:19,400 --> 00:51:21,680
Speaker 5: and I have to pay rent forever, and like what.

1156
00:51:21,680 --> 00:51:24,400
Speaker 4: Oh, no, you have to pay rent with the money

1157
00:51:24,440 --> 00:51:28,600
Speaker 4: that you have in abundance when you retire and won't

1158
00:51:28,600 --> 00:51:30,240
Speaker 4: ever have an issue paying rent.

1159
00:51:30,280 --> 00:51:31,319
Speaker 2: That must be so hard.

1160
00:51:31,600 --> 00:51:34,200
Speaker 5: Fear of the unknown. You know, you don't know what

1161
00:51:34,280 --> 00:51:34,879
Speaker 5: you don't know.

1162
00:51:35,400 --> 00:51:37,279
Speaker 4: I suppose, and at the end of the day it

1163
00:51:37,400 --> 00:51:40,160
Speaker 4: is not. I feel like the great Australian dream has

1164
00:51:40,200 --> 00:51:42,719
Speaker 4: been shoved down our throats for so long that we

1165
00:51:42,840 --> 00:51:45,520
Speaker 4: just assume the only way to be financially secure is

1166
00:51:45,520 --> 00:51:48,000
Speaker 4: to own the roof that's over our head. And I

1167
00:51:48,040 --> 00:51:50,200
Speaker 4: can tell you now, when I was a financial advisor,

1168
00:51:50,320 --> 00:51:52,799
Speaker 4: I had some very wealthy clients that didn't want to

1169
00:51:52,840 --> 00:51:56,120
Speaker 4: own property, were earning millions and still rent it.

1170
00:51:56,560 --> 00:51:57,360
Speaker 2: Like one of them.

1171
00:51:57,239 --> 00:52:01,320
Speaker 4: Rented one of the most beautiful apartments in the Melbourne CBD,

1172
00:52:01,680 --> 00:52:05,000
Speaker 4: like Level fifty like looked incredible, And the reason they

1173
00:52:05,000 --> 00:52:06,799
Speaker 4: did was because they did all of the maths and

1174
00:52:06,840 --> 00:52:09,920
Speaker 4: realized the body corporate fees, the overheads. Like they were like,

1175
00:52:09,920 --> 00:52:11,880
Speaker 4: I don't want to pay a mortgage, Like I'm just

1176
00:52:11,920 --> 00:52:13,520
Speaker 4: going to pay rent and this is going to be

1177
00:52:13,560 --> 00:52:15,400
Speaker 4: my lifestyle, Like I'm just going to see it as

1178
00:52:15,400 --> 00:52:16,279
Speaker 4: a lifestyle cost.

1179
00:52:16,560 --> 00:52:17,400
Speaker 2: They could afford it.

1180
00:52:17,719 --> 00:52:20,600
Speaker 4: They even negotiated a minimum of a five year lease.

1181
00:52:20,680 --> 00:52:23,080
Speaker 4: And you know what, if I owned a very expensive

1182
00:52:23,080 --> 00:52:26,319
Speaker 4: apartment and somebody really rich came and said can I

1183
00:52:26,480 --> 00:52:28,160
Speaker 4: you know, I just I really don't want to own,

1184
00:52:28,480 --> 00:52:31,040
Speaker 4: you can own? Can I have a longer lease with you?

1185
00:52:31,160 --> 00:52:33,560
Speaker 4: I'd let them sign that in point two seconds. So

1186
00:52:33,640 --> 00:52:37,560
Speaker 4: there are so many options moving forward. But the key

1187
00:52:37,600 --> 00:52:40,080
Speaker 4: to having options is money, and that's the key that

1188
00:52:40,120 --> 00:52:43,240
Speaker 4: you actually hold so over time, I think it's about

1189
00:52:43,280 --> 00:52:46,200
Speaker 4: finding ways for you to feel more secure. And if

1190
00:52:46,239 --> 00:52:49,200
Speaker 4: that means going, oh, we actually really like this apartment

1191
00:52:49,239 --> 00:52:51,680
Speaker 4: that we live in in you know, the city. We're

1192
00:52:51,680 --> 00:52:54,160
Speaker 4: not too afraid if rent went up a little bit

1193
00:52:54,239 --> 00:52:56,640
Speaker 4: over time, but like we'd like to feel more secure.

1194
00:52:56,840 --> 00:53:00,279
Speaker 4: Maybe think about negotiating a longer lease term if you

1195
00:53:00,320 --> 00:53:02,920
Speaker 4: see yourself there for the long term, because then you

1196
00:53:02,960 --> 00:53:05,520
Speaker 4: can feel more secure. Like what are those things that

1197
00:53:05,560 --> 00:53:08,640
Speaker 4: are going to help you have that level of security

1198
00:53:08,840 --> 00:53:11,560
Speaker 4: without taking on another commitment that you clearly don't.

1199
00:53:11,360 --> 00:53:12,000
Speaker 2: Want to take on.

1200
00:53:12,360 --> 00:53:17,280
Speaker 4: So true, All right, money darist, We've talked why aren't

1201
00:53:17,280 --> 00:53:18,000
Speaker 4: you an A plus?

1202
00:53:18,040 --> 00:53:19,520
Speaker 2: Like what do you have to do to get there?

1203
00:53:19,760 --> 00:53:20,480
Speaker 2: Those two things?

1204
00:53:20,560 --> 00:53:23,120
Speaker 4: Those two things, Yeah, all right, look, I'll agree with you,

1205
00:53:23,160 --> 00:53:25,120
Speaker 4: but I feel like those are the things that we

1206
00:53:25,400 --> 00:53:28,160
Speaker 4: as women struggle the most with as well, Like that

1207
00:53:28,360 --> 00:53:33,120
Speaker 4: is not easy comparison culture, feeling like you've got imposter syndrome,

1208
00:53:33,239 --> 00:53:36,400
Speaker 4: Like it's almost ingrained in us, Like it's something that

1209
00:53:36,520 --> 00:53:38,439
Speaker 4: like if you don't have it, like what are you doing?

1210
00:53:38,840 --> 00:53:42,279
Speaker 4: So welcome to the club. It's a terrible club, but

1211
00:53:42,360 --> 00:53:43,480
Speaker 4: at least we're all here together.

1212
00:53:43,640 --> 00:53:45,239
Speaker 5: Yeah, I think as well, Like there are just a

1213
00:53:45,280 --> 00:53:48,200
Speaker 5: few little things here and there, like I, oh my gosh,

1214
00:53:48,200 --> 00:53:50,480
Speaker 5: it took me a whole entire year to get my

1215
00:53:50,560 --> 00:53:53,560
Speaker 5: personal insurances sorted out, and I finally got them, but

1216
00:53:53,800 --> 00:53:57,000
Speaker 5: I'm accident only on two of them, and I don't

1217
00:53:57,200 --> 00:53:59,239
Speaker 5: love that. I did get a second opinion, and they

1218
00:53:59,239 --> 00:54:02,399
Speaker 5: were kind of like, yeah, that's probably right. I don't

1219
00:54:02,440 --> 00:54:05,400
Speaker 5: love that, and I don't love that I don't fully understand,

1220
00:54:05,640 --> 00:54:07,520
Speaker 5: Like I've signed the stuff for a couple of months ago,

1221
00:54:07,600 --> 00:54:09,600
Speaker 5: and I only yesterday did I look to see if

1222
00:54:09,640 --> 00:54:12,480
Speaker 5: it was stepped or not like that kind of thing,

1223
00:54:12,880 --> 00:54:14,960
Speaker 5: and I'm like, I'm not one hundred percent across it,

1224
00:54:15,000 --> 00:54:17,160
Speaker 5: and it's a bit and there's a couple of things

1225
00:54:17,200 --> 00:54:19,680
Speaker 5: like that where I'm like, I don't really understand this.

1226
00:54:20,120 --> 00:54:20,719
Speaker 2: Oh, we should have.

1227
00:54:20,760 --> 00:54:23,040
Speaker 4: Come to me and got a referral to sky Wealth

1228
00:54:23,120 --> 00:54:24,600
Speaker 4: so that we could have set it all up and

1229
00:54:24,600 --> 00:54:26,160
Speaker 4: then it would have made absolute sense.

1230
00:54:26,280 --> 00:54:29,120
Speaker 5: But well, they were my second opinion, so oh good.

1231
00:54:30,320 --> 00:54:32,919
Speaker 4: They will explain to you exactly what you need, when,

1232
00:54:32,960 --> 00:54:35,520
Speaker 4: where and how so I have no doubt you'll get it.

1233
00:54:35,840 --> 00:54:37,840
Speaker 5: A couple of years. I think I'll review it again.

1234
00:54:37,640 --> 00:54:40,000
Speaker 4: And I love that all right, Money dires Sadly we

1235
00:54:40,080 --> 00:54:42,719
Speaker 4: have run out of time. This has been a beautiful conversation.

1236
00:54:42,960 --> 00:54:46,279
Speaker 4: I feel like you are so inspirational, but just I

1237
00:54:46,280 --> 00:54:48,719
Speaker 4: feel like it's the small steps that all add up

1238
00:54:48,840 --> 00:54:52,680
Speaker 4: into creating financial freedom. And I mean, I'm pretty sure

1239
00:54:52,719 --> 00:54:55,560
Speaker 4: that if I took it back to sixty thousand dollars

1240
00:54:55,560 --> 00:54:58,040
Speaker 4: a year job you who had just lost her role

1241
00:54:58,080 --> 00:55:00,239
Speaker 4: and was like what is going on and going, hey,

1242
00:55:00,280 --> 00:55:02,560
Speaker 4: did you know that, Like, don't worry about this because

1243
00:55:02,600 --> 00:55:04,680
Speaker 4: like one day you'll be on a trajectory to having

1244
00:55:04,840 --> 00:55:07,080
Speaker 4: like a five million dollar investment portfolio.

1245
00:55:07,160 --> 00:55:09,080
Speaker 2: You'd feel a little bit better about the situation.

1246
00:55:09,560 --> 00:55:11,319
Speaker 4: And I think that that's what we all need to

1247
00:55:11,360 --> 00:55:13,959
Speaker 4: take from this, that like those blips in the road,

1248
00:55:14,000 --> 00:55:16,600
Speaker 4: they feel like they are the be all end all

1249
00:55:16,640 --> 00:55:20,040
Speaker 4: and they are life ruining, but they're not. Like once

1250
00:55:20,080 --> 00:55:21,920
Speaker 4: you start to zoom out, you're like, oh, that's just

1251
00:55:21,960 --> 00:55:24,239
Speaker 4: a thing that happened one time. But at the time

1252
00:55:24,280 --> 00:55:26,400
Speaker 4: I can almost guarantee that you felt like your world

1253
00:55:26,480 --> 00:55:26,879
Speaker 4: was ending.

1254
00:55:26,960 --> 00:55:29,399
Speaker 5: Oh yeah, a big time, so hysterical, but.

1255
00:55:29,520 --> 00:55:31,880
Speaker 4: It's not hysterical, like that was life changing at that

1256
00:55:31,960 --> 00:55:33,799
Speaker 4: point in time. But now you're like, hold it and like,

1257
00:55:33,840 --> 00:55:36,040
Speaker 4: I'm actually doing pretty well and that worked out nicely

1258
00:55:36,120 --> 00:55:38,960
Speaker 4: for me. So it's a good learning for all of us. Yeah,

1259
00:55:39,000 --> 00:55:41,279
Speaker 4: money drist I have adored this. Thank you so much

1260
00:55:41,320 --> 00:55:43,840
Speaker 4: for spending a bit of time with me, having like

1261
00:55:43,920 --> 00:55:46,400
Speaker 4: doing a little money diary. I know our community is

1262
00:55:46,400 --> 00:55:48,920
Speaker 4: going to adore this because I absolutely have, so I

1263
00:55:49,000 --> 00:55:50,000
Speaker 4: really appreciate it.

1264
00:55:50,000 --> 00:55:51,120
Speaker 5: Awesome, Thank you so much.

1265
00:55:57,520 --> 00:55:59,000
Speaker 2: Did By shed on Cheese.

1266
00:55:59,000 --> 00:56:01,239
Speaker 4: On the Money is general in nature and does not

1267
00:56:01,360 --> 00:56:05,600
Speaker 4: consider your individual circumstances. She's on the Money exists purely

1268
00:56:05,640 --> 00:56:08,600
Speaker 4: for educational purposes and should not be relied upon to

1269
00:56:08,600 --> 00:56:11,959
Speaker 4: make an investment or financial decision. If you do choose

1270
00:56:12,000 --> 00:56:14,920
Speaker 4: to buy a financial product, read the PDS TMD and

1271
00:56:15,000 --> 00:56:16,880
Speaker 4: obtain appropriate financial.

1272
00:56:16,440 --> 00:56:18,240
Speaker 2: Advice tailored towards your needs.

1273
00:56:18,600 --> 00:56:22,560
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

1274
00:56:22,600 --> 00:56:26,480
Speaker 4: of money. Sheper pty Ltd ABN three two one is

1275
00:56:26,520 --> 00:56:30,359
Speaker 4: six four nine two seven seven zero eight AFSL four

1276
00:56:30,480 --> 00:56:37,839
Speaker 4: five one two eight nine