Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 2: Hello and welcome. She's on the Money the podcast Millennials
Speaker 2: who want financial freedom. Welcome back to another one of
Speaker 2: our Money Diaries episodes where I get the absolute privilege
Speaker 2: of talking to one of our incredible She's on the
Speaker 2: Money community members all about their money story. So let's
Speaker 2: jump straight into it because this week we got a
Speaker 2: message and it sounded exactly like this. Hi, She's on
Speaker 2: the Money. I grew up exposed to alcohol and gambling
Speaker 2: and was always going without. I developed a shopping addiction
Speaker 2: and hit rock bottom last year after I spent all
Speaker 2: my money on clothes and moving into state. But last
Speaker 2: year I began to turn my life around and now
Speaker 2: I'm ready to buy my first home with my partner.
Speaker 2: Money Diarist, I feel like that story is giving me
Speaker 2: a bit of whiplash. Are you ready to have a
Speaker 2: chat with the community about it?
Speaker 4: Yes, let's go for it.
Speaker 2: I'm really excited. The question I always ask upfront is
Speaker 2: money Diarist, If I asked you to give yourself a
Speaker 2: grade from A through to a F, what would that
Speaker 2: grade be?
Speaker 3: I feel like, at this point in my life, I've
Speaker 3: done a lot of work, but I've still got a
Speaker 3: lot of work to do, So at this point in time,
Speaker 3: I'd get myself a.
Speaker 2: See see all right, well let's learn more about that.
Speaker 2: My favorite question of all time, money Diarist, Can you
Speaker 2: dive a little bit deeper into your money story?
Speaker 4: Yes?
Speaker 3: So my money story started early in childhood. So I
Speaker 3: grew up exposed to a lot of gambling and alcohol addictions.
Speaker 3: So a lot of my parents paycheck went to that
Speaker 3: every week, and I grew up having to go without
Speaker 3: a lot of the things that I wanted and needed
Speaker 3: as a child. Seeing my parents live paycheck to paycheck
Speaker 3: was the norm for me, so when I got my
Speaker 3: first job at fourteen years old, I chose to spend
Speaker 3: that on clothes and shoes and whatever I needed or
Speaker 3: wanted at the time, and I never really knew the
Speaker 3: concept of saving or the importance of it. I actually
Speaker 3: remember one of my first jobs when I was sixteen
Speaker 3: years old, working as a hairdresser, and I'd get my
Speaker 3: full time paycheck of three hundred and fifty dollars a week,
Speaker 3: and I would go out and spend it that day
Speaker 3: on my lunch break on whatever I wanted that day,
Speaker 3: and I would have to go home and ask my
Speaker 3: mum for petrol money.
Speaker 4: To be able to get to work the next week.
Speaker 3: Yeah, that was kind of my story up until I
Speaker 3: turned around twenty three, where I really realized spending my
Speaker 3: money in this way was a problem and that I
Speaker 3: needed to really change my money spending ways.
Speaker 2: Yeah, that's so fair. I feel like it's really relatable
Speaker 2: when you're young to just go I've got my paycheck,
Speaker 2: let's spend it, and you didn't waste any time getting
Speaker 2: it at lunch time, and then going, oh, well, I
Speaker 2: haven't really thought this through. I probably need to chat
Speaker 2: to mum about petrol money. I feel like it's such
Speaker 2: a common thing, but we don't talk about it because
Speaker 2: how many times does mum and dad just go all right,
Speaker 2: no worries, like, let's get this together for you, money diarist,
Speaker 2: because it's kind of accepted that young people will be
Speaker 2: a little bit frivoless with my they're not so good
Speaker 2: at it. But instead of sitting you down and going
Speaker 2: all right, money, Dirris, this is what we need to change.
Speaker 2: This is how we're going to create Well, this is
Speaker 2: you know, actually really bad behavior from you. It was
Speaker 2: just I guess perpetuated and not purposefully. It's just a
Speaker 2: lack of financial education from everybody's perspective. And I'm just
Speaker 2: really glad that you're stepping out of that because it's
Speaker 2: changing the narrative moving forward, Money direst. I know you
Speaker 2: mentioned it just before that one of your first jobs
Speaker 2: was working as a headdresser. But I want to know
Speaker 2: what you're doing now and how much money you are earning.
Speaker 3: I'm currently working in administration and I'm earning seventy thousand
Speaker 3: before tax per year.
Speaker 2: Oh very nice? Is that including or excluding.
Speaker 4: Super excluding super?
Speaker 2: Oh very very nice? All right, money diris next question
Speaker 2: I've got for you. I want to know what is
Speaker 2: your big money goal? What are you currently working towards?
Speaker 4: So minea.
Speaker 3: My partner's big money goal is to be financially free,
Speaker 3: of course, but right now we are working towards a
Speaker 3: five year plan, which is that when we start having kids,
Speaker 3: I will be the stay at home parent. We are
Speaker 3: working towards, I guess, replacing some of my income so
Speaker 3: that when I'm home with the kids, we don't have
Speaker 3: to go without. So right now, my partner has just
Speaker 3: been approved for a home loan and we're currently looking
Speaker 3: for our first house, and in December, I will be
Speaker 3: ready to purchase first house under my name.
Speaker 2: Oh exciting. We're like doubling down. We're not just doing
Speaker 2: it under one name, We're doing it under both. I
Speaker 2: love this. I want to be like Superpervy though, because
Speaker 2: I feel like at the moment, especially in the middle
Speaker 2: of a cost of living crisis, the idea of being
Speaker 2: a stay at home parent is getting further and further
Speaker 2: away from something that is really achievable. What does your
Speaker 2: partner earn, what does he do and how are you
Speaker 2: going to make this work at some point? Or like,
Speaker 2: what are you working towards or thinking at this point
Speaker 2: in time.
Speaker 4: He is an engineer.
Speaker 3: He earns one hundred and twenty twenty five thousand per
Speaker 3: year including super So what we're planning to do within
Speaker 3: the next five years is pay off one of the
Speaker 3: mortgages in five years.
Speaker 4: Yeah, we're going to do it.
Speaker 2: She's aggressive. I love this.
Speaker 3: Yeah, we're going to pay off one of the mortgages
Speaker 3: and have the full benefit of that rental income.
Speaker 2: I love this so much, but I want to know
Speaker 2: a little bit more. I'm so pervy. I'm so sorry,
Speaker 2: but I know that everybody else listening is as well.
Speaker 2: So like I've just got to step up and ask
Speaker 2: the hard hitting questions. How much are you looking at
Speaker 2: taking when it comes to a mortgage, Like what does
Speaker 2: that look like? And how will we paying off a
Speaker 2: mortgage in I don't know five years, because like I know,
Speaker 2: it's going to take me the full thirty So.
Speaker 3: My partner has a thirty five thousand dollar deposit to
Speaker 3: buy his first home, and ideally we're looking at going
Speaker 3: the cheaper the better. What we really need is just
Speaker 3: some thing to live in for the meantime and something
Speaker 3: that can be rented out to other people as an investment.
Speaker 3: So ideally looking for like a one bedroom or a
Speaker 3: two bedroom.
Speaker 4: Yeah, as cheap as possible.
Speaker 3: So ideally we'd like to spend around three twenty five
Speaker 3: and we have been finding things in our price range.
Speaker 3: But I guess it all comes down to what you're
Speaker 3: expecting that place to be for us. It's not our
Speaker 3: forever home. We've lived in rentals that have been much
Speaker 3: worse than the ones we're looking at, and yeah, we're
Speaker 3: really happy to sacrifice a few of the luxury home
Speaker 3: things that we would love for that greater goal of
Speaker 3: being a stay at home parent.
Speaker 2: I love it. I want to know, are you planning
Speaker 2: on moving into that property so that you can get
Speaker 2: all of the benefits of like first home buyers and
Speaker 2: stuff like that.
Speaker 3: Yes, so we're planned to move into the property. We
Speaker 3: are doing the fifteen percent government grant for the first property,
Speaker 3: so we only need a five percent deposit. But basically
Speaker 3: we're just going to put everything that we can towards
Speaker 3: that and make a lot of sacrifices throughout the next
Speaker 3: five years for that to be a possibility for us.
Speaker 2: Yeah, I love that so much. I'm seeing so many
Speaker 2: young people like yourself going all right, Well, the property
Speaker 2: dream is definitely a dream of ours, but it doesn't
Speaker 2: look the same way it used to for our parents
Speaker 2: or our parents' parents. Now we need to buy stepping
Speaker 2: stone properties and instead of just going straight into the
Speaker 2: family home and you know, having a kid and not
Speaker 2: working anymore, it's kind of we buy these smaller properties,
Speaker 2: we pay them off, or pay a significant amount of
Speaker 2: them off, use the equity in that property to get
Speaker 2: into our next property, and kind of start growing our
Speaker 2: portfolio that way. And it makes so much sense. And
Speaker 2: I just feel like sometimes we have to start small
Speaker 2: and grow because that's what creates ultimate wealth, whereas a
Speaker 2: lot of us And I mean I was the same
Speaker 2: purchasing my first home. I was like, oh, I don't
Speaker 2: know if I want to compromise, Like I don't know
Speaker 2: if I want to you know, go small and you know,
Speaker 2: do all of the things that I need to do.
Speaker 2: I just really wanted my dream home up front. I
Speaker 2: feel like it's now starting to pay off. Like my
Speaker 2: partner and I bought our home nearly four years ago,
Speaker 2: or just over four years actually ago, and now I'm
Speaker 2: looking at it going I'm really glad that we bought
Speaker 2: a home that was smaller than what we technically could
Speaker 2: have purchased, and we adore it still. But I think
Speaker 2: it's put us in a really secure position, especially when
Speaker 2: we know that interest rates are terrifying at the moment
Speaker 2: as well. Is that something you guys have discussed and gone,
Speaker 2: all right, well, what happens if there's another interest rate hike?
Speaker 3: Yeah, so we have discussed that, and that's why our
Speaker 3: plan is ideally the cheaper the better. We know that
Speaker 3: there's always something that may happen, so we don't really
Speaker 3: think for us that it's a smart idea to max
Speaker 3: out our loan capacity on one property, because we have
Speaker 3: to consider the fact that in five years we're only
Speaker 3: going to be on one income. Yeah, so I think
Speaker 3: for us, we just want to make sure that we're
Speaker 3: living within our means and not maxing out our own capacity.
Speaker 2: I love this. I feel like you guys have thought
Speaker 2: about it so much, and I already know I want
Speaker 2: to have a little bit of a disagreement with you
Speaker 2: about that. See, you gave yourself at the start, but
Speaker 2: even though I have heaps of questions, we need to
Speaker 2: go to a really quick break and then on the
Speaker 2: flip side. We're going to be talking about investments, We're
Speaker 2: going to be talking about debt. And I want to
Speaker 2: know your best and your worst money habits because I
Speaker 2: have a sneaky suspicion you've built a couple of really
Speaker 2: good ones we're all going to want to steal. So
Speaker 2: guys don't go anywhere. All right, money Diarist, We are back,
Speaker 2: and I want to know do you invest? If so,
Speaker 2: what in If not? Do you have a plan.
Speaker 3: Yes, so I do have investments, but I'm not currently investing,
Speaker 3: as those savings are going towards my first property. Back
Speaker 3: in twenty twenty, I bought shares in Vanguard and in
Speaker 3: BHP for twenty eight hundred dollars, which at that point
Speaker 3: was the most money I had ever said in my life.
Speaker 3: And now those shares are at three thousand, five hundred.
Speaker 2: Oh I love this. So I'm assuming when you say
Speaker 2: Vanguard you purchased a Vanguard ETF. Is that correct?
Speaker 4: Yes?
Speaker 2: So how did you pick that ETF? And why did
Speaker 2: you pick BEHP as a direct share?
Speaker 3: So I'd seen my partner invest and he's got quite
Speaker 3: a large portfolio, and I was there looking at all
Speaker 3: of the behind the scenes of what he was doing
Speaker 3: and how he was investing his money, and we were
Speaker 3: learning a lot of this stuff together just off basic
Speaker 3: YouTube videos. We're definitely not the best investors, but we
Speaker 3: made a decision just to see how it went, and
Speaker 3: that's what we decided to put our money in.
Speaker 2: I love it because I feel like Vanguard and BHP
Speaker 2: they're both blue chip, really solid stocks that have existed
Speaker 2: for a really long time. The Vanguard is going to
Speaker 2: have given you some really good instant diversification, which I'm
Speaker 2: sure you already know because we love an exchange traded
Speaker 2: fund for that purpose. What made you go with Vanguard
Speaker 2: though there's lots of ETFs on the market. Was it
Speaker 2: tried and true or was it something that your partner
Speaker 2: had suggested, or were you just like, look, this just
Speaker 2: feels like a good option. How did you come to
Speaker 2: the decision of Vanguard with the ATF providers?
Speaker 3: For me, yes, so Vanguard was what my partner invested in,
Speaker 3: and the reason I chose to go with it was
Speaker 3: because there's a lot of information on the Internet about Vanguard,
Speaker 3: and for me, I wanted to invest into something that
Speaker 3: I thought was safe. So with there being that information,
Speaker 3: that felt like the safest option to me, just to
Speaker 3: see how it went, because at that point in time,
Speaker 3: eight hundred dollars was a lot of money to me.
Speaker 2: It's still a lot of money, Like twenty eight hundred
Speaker 2: dollars is life changing, and the fact that you were
Speaker 2: able to invest it like it makes me so happy
Speaker 2: because you told us at the start that you know,
Speaker 2: you grew up and you were exposed to alcohol and gambling,
Speaker 2: and now you're an investor, Like that's literally the opposite
Speaker 2: of gambling, Like you are creating wealth instead of like
Speaker 2: hoping that one day you'll have a big win. Like
Speaker 2: I adore the fact that this is kind of like
Speaker 2: flipping the narrative. Complete side note. Is this something that
Speaker 2: has been hard to work through or is it something
Speaker 2: that you've been like no v like once I realized
Speaker 2: that this was an option that was really easy, or
Speaker 2: what has that pathway looked like for you?
Speaker 3: It has been really hard. I would say it's a
Speaker 3: lot easier now than it used to be. I first
Speaker 3: started self development when I was around twenty or twenty
Speaker 3: one and realized that a lot of the things that
Speaker 3: were happening in my life that I didn't like were
Speaker 3: due to what I was exposed to as a child.
Speaker 3: So yeah, it was really hard to work through in
Speaker 3: the beginning, especially my money story. I think that's one
Speaker 3: of the hardest things I've had to work through, to
Speaker 3: really take something that was so so negative and turn
Speaker 3: it into something that is more than just the average
Speaker 3: or more than just the normal. I'm not trying to
Speaker 3: be normal. I'm trying to be better than that. And yeah,
Speaker 3: to take something that was so bad and turn it
Speaker 3: into something so good has been hard.
Speaker 4: But I would rather the harder.
Speaker 3: Option than the easier option of just staying normal.
Speaker 2: I love it so much. Are you really proud of
Speaker 2: what you've done, because like no one else has done
Speaker 2: that for you, You've done that. Is that something that you're
Speaker 2: proud of? And do you ever reflect on that? Yeah,
Speaker 2: I'm very proud of it. Like growing up in a
Speaker 2: household where I didn't have any financial education, to have
Speaker 2: found all of these tools and resources on my own
Speaker 2: and done that work on my own, Yeah, it's one
Speaker 2: of the things that I'm most proud of in my life.
Speaker 2: I love it so much. I know I've said that
Speaker 2: so many times, but like I just do I want
Speaker 2: to know, now, do you have any debt if so,
Speaker 2: what is it?
Speaker 4: Yes?
Speaker 3: So I was studying a few years ago and then
Speaker 3: decided to change my career. So I have a hex
Speaker 3: step of seventeen thousand dollars.
Speaker 2: That's okay? And what study was that and how did
Speaker 2: it pivot and change? I know you said before that
Speaker 2: you work in admin. At the moment, what were you
Speaker 2: studying to be or become or the thought patterns there?
Speaker 3: So I was studying to be a primary school teacher.
Speaker 4: Oh cool?
Speaker 3: And I started studying late when I was twenty one.
Speaker 3: I never really knew what career I wanted to be in.
Speaker 3: I just knew that I wanted to do something that
Speaker 3: was caring and nurturing, and I thought that was the
Speaker 3: right role for me. But after completing a couple of placements,
Speaker 3: I realized how much work it would be, and I
Speaker 3: just decided that that was not the best career path
Speaker 3: for me to really exercise the skills that I wanted
Speaker 3: to exercise.
Speaker 2: I love that. I feel like so many of us
Speaker 2: start studying. And even though you probably look back on
Speaker 2: this and go, oh my gosh, that's seventeen grand that's
Speaker 2: such a waste of money, I am absolutely certain that
Speaker 2: you have so much more clarity now in what you
Speaker 2: want your life to look like, and you've probably got
Speaker 2: a heap of skills that maybe you're not even recognizing
Speaker 2: from that study that really help you right now. When
Speaker 2: you become a stay at home I know that that
Speaker 2: was the plan. Is that something that you're like, Yep,
Speaker 2: that's like everything I've ever wanted to achieve. Or is
Speaker 2: that a look that makes the most sense for us?
Speaker 2: And I will do that until the kids go to
Speaker 2: school and then you know, get back into a career.
Speaker 2: If so, what does that look.
Speaker 4: Like for you? Yes?
Speaker 3: So for me, from a very young age, I've always
Speaker 3: known that I've wanted to be a mum. I became
Speaker 3: an auntie at fourteen years old and that just absolutely
Speaker 3: solidified it to me.
Speaker 2: You're like, I'm sold, I'm done.
Speaker 3: Yeah, that is my absolute favorite role ever. And I've
Speaker 3: always been really good with children. I've always loved children.
Speaker 3: It just comes really natural to me. So it is
Speaker 3: my end goal to be a stay at home mum. However,
Speaker 3: I do have other passions and I would love when
Speaker 3: my children are old enough, when they're in primary school,
Speaker 3: to have my own business and yeah, do something that
Speaker 3: I'm really passionate about after I've dedicated that time to
Speaker 3: having children.
Speaker 2: I love it. As a new mam, I can absolutely
Speaker 2: agree that it is really hard to leave them, Like
Speaker 2: I didn't think it would be as hard as it was,
Speaker 2: because I obviously adore everything that I do and I
Speaker 2: find my job to be an absolute privilege. But even then,
Speaker 2: I'm like, oh, money, Diaries, I love it, but like
Speaker 2: Harvey's at home, like it's the hardest thing in the
Speaker 2: entire world. So I absolutely get it. Historically, I've got
Speaker 2: lots of friends who have been like, nah, being a mom,
Speaker 2: Like that's my career goal, that's everything I ever want
Speaker 2: to achieve, and I'm like, great, fantastic. I get it
Speaker 2: even more now as someone who's been really career focused
Speaker 2: and now has a baby, I'm like, oh, I can
Speaker 2: see why you don't want to return to work. I
Speaker 2: get it. Especially if it wasn't something that I was
Speaker 2: super passionate about. I don't know where I'd find the
Speaker 2: motivation to return. Obviously, financially it would be an absolute stretch.
Speaker 2: But I just look at it and I go, I
Speaker 2: totally get this, money Diarist. I want to know a
Speaker 2: bit more about your best and worst money habits. We'll
Speaker 2: start with best money habits. What is your best money habit?
Speaker 2: And can you share it with me?
Speaker 4: Yes?
Speaker 3: So, I've tried to think about this really long and hard,
Speaker 3: but I don't think I can narrow it just down
Speaker 3: to one because of how much progress I've made. I
Speaker 3: feel like there are three really big things that contribute
Speaker 3: to that. Number one being budgeting and knowing what bills
Speaker 3: I have, when they're going to come out, how much
Speaker 3: they are. I really keep track of those things very well,
Speaker 3: and I know what's coming in and going out of
Speaker 3: my account on a daily basis, and I plan for
Speaker 3: that in my budget.
Speaker 2: Oh I love this. Before I get into your second
Speaker 2: good money habit, can you tell me a bit more
Speaker 2: about how you budget, Like is that something that you
Speaker 2: know it's in your head or is it on the
Speaker 2: back of an envelope or do you have a really
Speaker 2: really comprehensive spreadsheet like what works for you?
Speaker 4: Yeah, so it's a bit of both.
Speaker 3: I do have a note in my phone that says
Speaker 3: my income and all of my outgoings. So I get
Speaker 3: paid fortnightly two one hundred dollars and I have seven
Speaker 3: hundred and fifty dollars of set bills per fortnite. Whenever
Speaker 3: I have internet or a phone bill come out, I
Speaker 3: will just take that out of the pay for that cycle,
Speaker 3: and then I will usually save the rest. So on average,
Speaker 3: it works out that I save one thousand dollars a fortnight.
Speaker 2: Oh my gosh, that's epic. Is that hard or is
Speaker 2: that easy? Like I feel like one thousand dollars a fortnite.
Speaker 2: That's truckloads of money to me, especially on your salary,
Speaker 2: Like that is really cool.
Speaker 3: It's hard and easy at the same time, I feel
Speaker 3: like there are a lot of things that I have
Speaker 3: to sacrifice.
Speaker 4: And choose to go without.
Speaker 3: But for our budget, my partner pays our rent and
Speaker 3: I pay all our other expenses, so it works out
Speaker 3: to be around.
Speaker 4: Fifty to fifty.
Speaker 3: It's hard because I have to sacrifice a lot of things,
Speaker 3: but also at the same time, it's easy because every
Speaker 3: time I get paid, I see that number in the
Speaker 3: thousands go up every time, and it just gives me
Speaker 3: so much motivation to want to sack even more that
Speaker 3: fortnight to be able to make it larger.
Speaker 2: Yeah, I feel like it's a snowball effect, like when
Speaker 2: you have no savings, You're like, what is the point,
Speaker 2: Like why should I bother? Like, there's no reason why
Speaker 2: I should, you know, put this extra thousand dollars into
Speaker 2: my account. It'll be gone in a couple of weeks.
Speaker 2: And then it like starts to compound, and then you
Speaker 2: start to feel like fiercely protective over it. You know,
Speaker 2: it gets to like five thousand dollars and you're like,
Speaker 2: holy heck, that's the most amount of money I've ever
Speaker 2: seen in my life. And then it gets to ten thousand,
Speaker 2: You're like, holy moly, that is a five figure amount,
Speaker 2: Like I don't know what I'm going to do here,
Speaker 2: And I find that that's one really motivating, but then
Speaker 2: it makes the process of purchasing property like one exciting,
Speaker 2: but two really overwhelming because you're like, wait, wait, wait, wait,
Speaker 2: my savings are going to go and I've worked so
Speaker 2: hard for these and even though you know that was
Speaker 2: actually the goal, like separating from them can feel, I
Speaker 2: don't know, emotionally distressing mm hmmm.
Speaker 3: And I feel like I as well have my savings
Speaker 3: in a locked bank account, so if I want to
Speaker 3: access any of those funds, I have to do it
Speaker 3: with thirty two days notice to be able to access them.
Speaker 3: So I feel like that really keeps me accountable, especially
Speaker 3: with having that background of shopping addiction. I can't just
Speaker 3: unlock my savings and spend it straight away. I have
Speaker 3: to really think about something. So I've had them locked
Speaker 3: now for six months and I have not touched them
Speaker 3: at all.
Speaker 2: Oh my gosh. I need to know because everyone else
Speaker 2: is gonna ask thirty two days to be able to
Speaker 2: access your savings, especially for someone you know who's a
Speaker 2: little bit spent happy. What bank you with, how are
Speaker 2: you doing that?
Speaker 4: Yes?
Speaker 3: So I am with Virgin Money. I think it's their
Speaker 3: basic saver. So it just has an automatic lock feature,
Speaker 3: and it does let you know that you have to
Speaker 3: request to unlock your bank account thirty two days before
Speaker 3: you need those funds, and they give three or four
Speaker 3: percent interest for locking those savings in there, so you
Speaker 3: get a boas interest.
Speaker 2: Yeah cool. I love not only that you are making
Speaker 2: money on your money, because that is very sexy, but
Speaker 2: I love that they give you the option of locking
Speaker 2: it away or not. Like I love that flexibility, but
Speaker 2: I also love the idea that you have complete transparency.
Speaker 2: You know where it is, you can absolutely see it
Speaker 2: you just can't touch it. I feel like that's really powerful,
Speaker 2: obviously for you, but also for lots of other people,
Speaker 2: So thank you for sharing that. I want to flip
Speaker 2: the narrative, though, I need to know what are your
Speaker 2: worst money habits.
Speaker 3: I think my worst money habits are buying things that
Speaker 3: I don't need just because I can, and just viewing
Speaker 3: the money in my personal account or my bills account
Speaker 3: that I do have access to as spending money instead
Speaker 3: of for its intended purpose. I think that is definitely
Speaker 3: my worst habit.
Speaker 2: Yeah, I feel like that's really relatable though, Like so
Speaker 2: many of us just see money in our bank account,
Speaker 2: You're like, well, it's there, and I can't think of
Speaker 2: anything right this second that I need to spend it on.
Speaker 2: And then like your Red Joe or your insurance creeps
Speaker 2: up and you're like, oh my gosh, where did that
Speaker 2: money go? And you're like, I'm holding it in my
Speaker 2: hand in this new top that I just purchased. How annoying.
Speaker 2: I feel like you have a really interesting money story.
Speaker 2: Having grown up exposed to alcohol and gambling and going
Speaker 2: without it makes a lot of sense that that kind
Speaker 2: of manifested into having a shopping addiction. I find it
Speaker 2: very common when you go without, it's kind of like whiplash.
Speaker 2: You go, all right, I've gone without for so long,
Speaker 2: I'm going to look after myself. I'm going to get
Speaker 2: myself everything that I deserve. And it totally makes sense.
Speaker 2: But then recovering from that is really really challenging, and
Speaker 2: it sounds like you're killing it, like you have a
Speaker 2: planned not only purchased two houses in the next few years,
Speaker 2: but also like you're forward planning so well that you're like, Nope,
Speaker 2: we're gonna go on to one income, We're going to
Speaker 2: pay off one of our mortgages in five years. Like
Speaker 2: this is the plan. Not only is it the plan,
Speaker 2: it's really well thought out, Like I'm saving a one
Speaker 2: thousand dollars per fortnite, Like, girl, you're saving two grand
Speaker 2: a month. That's twenty six thousand dollars a year. Be
Speaker 2: for real, Like that is so so much money. And
Speaker 2: I am genuinely shocked that you've like literally turned your
Speaker 2: story around so well. But I need to know how
Speaker 2: does this and the fact that you're on top of
Speaker 2: budgeting and you clearly know so much about how to
Speaker 2: purchase property, why are you a C. Tell me more
Speaker 2: about this grade and why you gave it to yourself,
Speaker 2: and do you actually think after talking whether that's maybe
Speaker 2: the right grade for you.
Speaker 3: I think maybe I could review my grade. Yeah, I
Speaker 3: feel that I'm a little bit harsh on myself in
Speaker 3: this area, especially with the past of shopping addiction. I
Speaker 3: feel a little bit negative whenever I buy things now
Speaker 3: will spend my money in the way that I know
Speaker 3: is not best for me and my future. So I
Speaker 3: feel like that's where the CEA comes from. But yeah,
Speaker 3: now listing all of that progress I've made and where
Speaker 3: I was versus where I am, I think I could
Speaker 3: definitely review that.
Speaker 2: I think it definitely needs a little review. Like I
Speaker 2: was just so impressed even when you said, look, I
Speaker 2: know that I have seven hundred and fifty dollars well
Speaker 2: of set bills each and every single fortnite, Like that
Speaker 2: is something that not many people can say, and I
Speaker 2: know to you at this stage in your journey, you're
Speaker 2: probably thinking, like, oh, V, that's actually not that big.
Speaker 2: I just know what's going out of my bank account.
Speaker 2: Like that's where power starts to come into play, Like
Speaker 2: you have complete power over your money and historically when
Speaker 2: you had a shopping addiction that wasn't the case. Like,
Speaker 2: I just see so much progress here that I'm just like,
Speaker 2: oh my gosh, Like she's actually going to do what
Speaker 2: she says she's going to do, because she's doing it
Speaker 2: right now. So not only should you be super proud,
Speaker 2: but I think maybe a little bit of thought around
Speaker 2: that sea and giving yourself a little bit more credit
Speaker 2: for the progress that you've created solely on your own,
Speaker 2: Like you're killing it and I'm so proud of you.
Speaker 2: I am going to gift you our budget and cashflow
Speaker 2: masterclass because you said that you were good at budgeting,
Speaker 2: but I think we can take it to the next level.
Speaker 2: So I will sort that out with you after because
Speaker 2: I think that that is going to change the fact
Speaker 2: that you keep dipping into those not savings but into
Speaker 2: your spending account. It'll give you even more control and
Speaker 2: we love that. But money Diarist, I'm really sorry to
Speaker 2: say that that's all we have time for today because
Speaker 2: I have a million other questions. But thank you for
Speaker 2: sharing your story. Thank you for being so open and
Speaker 2: letting me be pervy on your partner and be pervy
Speaker 2: on to basically every single detail of your life, including
Speaker 2: your plan to have kids. That was really kind of you.
Speaker 2: But it's been really inspiring hearing your story, and I
Speaker 2: just know that our community is going to adore it
Speaker 2: as much as I did.
Speaker 4: Thanks so much for having me.
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Speaker 2: in nature and does not consider your individual circumstances. She's
Speaker 2: on the Money exists purely for educational purposes and should
Speaker 2: not be relied upon to make an investment or financial decision.
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