1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,720 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:32,640 Speaker 1: today and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:34,120 Speaker 2: Let's get into it. 11 00:00:34,760 --> 00:00:38,960 Speaker 3: She's on the Money, She's on the Money. 12 00:00:58,200 --> 00:01:02,440 Speaker 2: Hello, and welcome on the Money the Podcast Millennials who 13 00:01:02,480 --> 00:01:05,480 Speaker 2: want financial freedom. Welcome back to another one of our 14 00:01:05,480 --> 00:01:08,840 Speaker 2: money darries where I get the absolute pleasure of talking 15 00:01:08,840 --> 00:01:11,679 Speaker 2: to one of our incredible She's on the Money community 16 00:01:11,720 --> 00:01:15,280 Speaker 2: members all about their journey. Let's jump straight into it, 17 00:01:15,319 --> 00:01:17,520 Speaker 2: because this week I got a message and it went 18 00:01:17,640 --> 00:01:22,319 Speaker 2: like this. Dear Victoria, I was widowed at thirty four 19 00:01:22,560 --> 00:01:26,679 Speaker 2: after my husband died suddenly and unexpectedly. We had just 20 00:01:26,760 --> 00:01:30,399 Speaker 2: built our dream home and were planning a family. Overnight, 21 00:01:30,520 --> 00:01:32,880 Speaker 2: I went from happily married in a new home with 22 00:01:33,040 --> 00:01:37,000 Speaker 2: two good incomes, to widowed in a financial crisis, relying 23 00:01:37,040 --> 00:01:41,160 Speaker 2: on sanlink and three weeks pregnant. With the help of 24 00:01:41,240 --> 00:01:44,840 Speaker 2: good financial preparation and a solid emergency fund and a 25 00:01:44,880 --> 00:01:48,480 Speaker 2: stubborn resilience streak in me, three and a half years on, 26 00:01:48,720 --> 00:01:52,600 Speaker 2: I'm happy but tired, solo mama to a beautiful three 27 00:01:52,640 --> 00:01:55,920 Speaker 2: year old daughter. I earned a six figure salary after 28 00:01:55,960 --> 00:02:00,680 Speaker 2: I was headhunted and am thriving financially. Thanks Victoria for 29 00:02:00,720 --> 00:02:03,760 Speaker 2: reassuring me that it's okay to use my emergency fund 30 00:02:03,760 --> 00:02:07,440 Speaker 2: to help me through this major life emergency. Your podcasts 31 00:02:07,480 --> 00:02:11,840 Speaker 2: were a push I needed money. Diarist, What the heck? 32 00:02:13,040 --> 00:02:14,120 Speaker 2: Look what you've done. 33 00:02:14,680 --> 00:02:16,359 Speaker 3: Yeah, it sounds a lot when you read it out 34 00:02:16,400 --> 00:02:16,840 Speaker 3: like that. 35 00:02:16,840 --> 00:02:20,600 Speaker 2: That's heavy and also just like inspirational at the same time. 36 00:02:20,680 --> 00:02:25,160 Speaker 2: And I just have so many questions. Let's dive into 37 00:02:25,200 --> 00:02:28,000 Speaker 2: the first question that I ask everyone on the show 38 00:02:28,480 --> 00:02:30,360 Speaker 2: Money direst If I asked you to give yourself a 39 00:02:30,360 --> 00:02:32,360 Speaker 2: money grade, what would you grade your habits from A 40 00:02:32,680 --> 00:02:33,400 Speaker 2: through to F? 41 00:02:34,680 --> 00:02:36,600 Speaker 3: Right now, I'd say A B plus? 42 00:02:37,040 --> 00:02:38,160 Speaker 2: Who a B plus? 43 00:02:38,800 --> 00:02:39,200 Speaker 3: All right? 44 00:02:39,360 --> 00:02:42,480 Speaker 2: Now, obviously that was a very heavy entry. We're gonna 45 00:02:42,520 --> 00:02:45,200 Speaker 2: need to know more, my friend, can you tell me 46 00:02:45,400 --> 00:02:47,079 Speaker 2: a little bit more about your story? 47 00:02:48,080 --> 00:02:52,359 Speaker 3: So I'll start out with mine and my late husband's story. 48 00:02:52,720 --> 00:02:56,920 Speaker 3: We met in high school. Oh cute. Yeah, so I 49 00:02:56,960 --> 00:02:58,760 Speaker 3: was eleven and he was twelve when we first met, 50 00:02:58,760 --> 00:03:01,720 Speaker 3: and we were friends throughout high school. Yeah, started dating 51 00:03:01,840 --> 00:03:05,560 Speaker 3: when I was fifteen, he was sixteen, And yeah, we 52 00:03:05,639 --> 00:03:09,399 Speaker 3: went through life together. We grew up together. We bought 53 00:03:09,440 --> 00:03:12,760 Speaker 3: our first home at twenty one, so we always worked 54 00:03:12,760 --> 00:03:16,040 Speaker 3: hard and saved. Bought our second home at twenty five. 55 00:03:16,960 --> 00:03:20,200 Speaker 3: We got married at twenty five. Around that time was 56 00:03:20,280 --> 00:03:22,720 Speaker 3: just hectic. I was finishing my PhD. We were working 57 00:03:22,760 --> 00:03:26,760 Speaker 3: multiple jobs each and yeah, buying and selling homes. And 58 00:03:26,800 --> 00:03:30,919 Speaker 3: then we decided No, we'd been looking for probably a year, 59 00:03:30,960 --> 00:03:33,600 Speaker 3: every weekend looking for our drain property and couldn't find it. 60 00:03:34,000 --> 00:03:35,960 Speaker 3: So we decided to get out of the property market. 61 00:03:36,240 --> 00:03:40,160 Speaker 3: Sold both homes, and with the equity, we went on 62 00:03:40,200 --> 00:03:41,160 Speaker 3: a trip around the world. 63 00:03:41,280 --> 00:03:42,600 Speaker 2: Oh my gosh, genius. 64 00:03:43,600 --> 00:03:46,640 Speaker 3: Yeah, probably not the wisest financial decision, but I wouldn't 65 00:03:46,720 --> 00:03:48,200 Speaker 3: change anything. 66 00:03:47,840 --> 00:03:50,120 Speaker 2: I was about to say. Now we know what the 67 00:03:50,160 --> 00:03:53,480 Speaker 2: outcome was. Like, that's such a special memory and time 68 00:03:53,480 --> 00:03:54,360 Speaker 2: that you had together. 69 00:03:54,680 --> 00:03:58,160 Speaker 3: Yeah, it was amazing. Then we decided that we wanted 70 00:03:58,160 --> 00:04:00,800 Speaker 3: to start a family, so we were looking again for 71 00:04:00,840 --> 00:04:04,480 Speaker 3: the dream home and we bought acreage in regional Victoria 72 00:04:04,520 --> 00:04:08,360 Speaker 3: and built. So we spent over five years planning and 73 00:04:08,400 --> 00:04:12,920 Speaker 3: building the dream and it was finally built in twenty 74 00:04:12,960 --> 00:04:16,200 Speaker 3: twenty and then we moved in right when COVID hit. 75 00:04:16,880 --> 00:04:20,080 Speaker 3: And then my husband died six weeks after we moved in. 76 00:04:20,440 --> 00:04:24,160 Speaker 3: Oh my gosh, so I obviously found myself in a 77 00:04:24,240 --> 00:04:28,599 Speaker 3: bit of a financial crisis. That's our story, my money 78 00:04:28,640 --> 00:04:32,760 Speaker 3: story growing up. My parents divorced when I was young. 79 00:04:32,839 --> 00:04:36,400 Speaker 3: I was just three when they divorced, and reflecting now, 80 00:04:36,440 --> 00:04:41,599 Speaker 3: it's really interesting to see how different people view finances 81 00:04:41,640 --> 00:04:44,680 Speaker 3: and money. And my dad was very good with money, 82 00:04:44,880 --> 00:04:47,960 Speaker 3: but he always prioritized money and work over us kids. 83 00:04:48,160 --> 00:04:51,479 Speaker 3: My mum left with basically nothing. She always jokes that 84 00:04:51,520 --> 00:04:53,080 Speaker 3: she got the better end of the bargain she got 85 00:04:53,080 --> 00:04:56,599 Speaker 3: out with us kids. So growing up, we were raised 86 00:04:56,600 --> 00:04:59,799 Speaker 3: by my mom and stepdad on a farm. We didn't 87 00:04:59,800 --> 00:05:01,920 Speaker 3: have a lot, but we never felt that we missed out. 88 00:05:02,279 --> 00:05:05,080 Speaker 3: So I learned a lot from both my dad and 89 00:05:05,200 --> 00:05:08,359 Speaker 3: my mum how to be frugal, how to manage money. 90 00:05:08,600 --> 00:05:10,360 Speaker 3: But also, yeah, a lot of good habits for my 91 00:05:10,440 --> 00:05:12,200 Speaker 3: dad as well. But I think the main thing I 92 00:05:12,320 --> 00:05:16,000 Speaker 3: learned from dad was money's important to live, but it's 93 00:05:16,040 --> 00:05:20,719 Speaker 3: not everything, and around prioritizing family and other experiences over money. 94 00:05:20,800 --> 00:05:24,279 Speaker 3: Money's just that means to live our lives. And sadly 95 00:05:24,320 --> 00:05:26,560 Speaker 3: he didn't get that because he did prioritize money over 96 00:05:27,480 --> 00:05:28,000 Speaker 3: us kids. 97 00:05:28,200 --> 00:05:29,160 Speaker 2: I'm sorry to hear that. 98 00:05:29,520 --> 00:05:31,479 Speaker 3: Yeah, I think that's one of the key takeaways for me, 99 00:05:31,800 --> 00:05:37,240 Speaker 3: and that's prioritizing family now and especially after my husband dying, 100 00:05:37,320 --> 00:05:40,479 Speaker 3: especially after seeing how much he's missed out on. 101 00:05:41,040 --> 00:05:43,599 Speaker 2: Yeah. Absolutely. How old was your husband? 102 00:05:43,839 --> 00:05:44,640 Speaker 3: He was thirty four. 103 00:05:44,880 --> 00:05:49,480 Speaker 2: He was a baby, still so young. And in your 104 00:05:49,600 --> 00:05:53,880 Speaker 2: letter into me, you said, obviously this changed dramatically overnight, 105 00:05:54,480 --> 00:05:57,040 Speaker 2: and you were three weeks pregnant at that time. Did 106 00:05:57,080 --> 00:05:58,680 Speaker 2: you know you were three weeks page? 107 00:05:58,800 --> 00:06:01,160 Speaker 3: Yeah, So we had been trying to start a family, 108 00:06:01,200 --> 00:06:05,000 Speaker 3: and i'd had early miscarriage. This time around, I was 109 00:06:05,040 --> 00:06:08,360 Speaker 3: working from home because it was COVID and i'd finished work. 110 00:06:08,360 --> 00:06:11,039 Speaker 3: I was so tired and I couldn't understand why. And 111 00:06:11,080 --> 00:06:13,080 Speaker 3: I was so tired, and I had an online exercise 112 00:06:13,080 --> 00:06:15,760 Speaker 3: class I had to attend, and I thought I just 113 00:06:15,800 --> 00:06:17,479 Speaker 3: can't do it. So I went out to talk to 114 00:06:17,480 --> 00:06:21,160 Speaker 3: my husband and say, you know, dinner's nearly ready, come 115 00:06:21,200 --> 00:06:25,560 Speaker 3: in and I couldn't find him, and I tried calling him. 116 00:06:25,800 --> 00:06:28,480 Speaker 3: Long story short, ended up finding him in the shed 117 00:06:28,720 --> 00:06:34,240 Speaker 3: of our property. He was unresponsive, so I gave CPR. 118 00:06:34,600 --> 00:06:36,200 Speaker 3: I called for the neighbor to come over and we 119 00:06:36,360 --> 00:06:40,080 Speaker 3: called the ambulance but it was too late. Four days later, 120 00:06:40,960 --> 00:06:43,159 Speaker 3: I just knew after he died, I just had a feeling. 121 00:06:43,200 --> 00:06:43,720 Speaker 3: I just knew. 122 00:06:43,800 --> 00:06:45,880 Speaker 2: You were like, this is going to happen, Like, of 123 00:06:45,920 --> 00:06:47,200 Speaker 2: course it's gonna happen. 124 00:06:47,720 --> 00:06:50,520 Speaker 3: Yeah. So I went to the doctors and the doctor said, 125 00:06:50,560 --> 00:06:52,599 Speaker 3: you know, it's too early to confirm, just wait. But 126 00:06:53,000 --> 00:06:54,800 Speaker 3: I couldn't wait. So I took a pregnancy test and 127 00:06:55,160 --> 00:06:55,839 Speaker 3: took another one. 128 00:06:56,839 --> 00:06:58,560 Speaker 2: That's what I would have done, Like when I was 129 00:06:58,560 --> 00:07:00,960 Speaker 2: getting pregnant, I was like doing for ignancy deak before 130 00:07:01,000 --> 00:07:03,200 Speaker 2: they were due. Like, I was like, I'm going to 131 00:07:03,240 --> 00:07:06,080 Speaker 2: find out the second this is a possibility. I knew 132 00:07:06,080 --> 00:07:06,919 Speaker 2: that feeling. Well. 133 00:07:07,720 --> 00:07:11,040 Speaker 3: Yeah, So I was three weeks pregnant and we now 134 00:07:11,080 --> 00:07:13,760 Speaker 3: have a beautiful almost three year old daughter. 135 00:07:13,960 --> 00:07:16,040 Speaker 2: Oh my heart. So we did get to live on 136 00:07:16,160 --> 00:07:18,040 Speaker 2: through her. How beautiful is that? 137 00:07:18,480 --> 00:07:19,920 Speaker 3: Yeah, she's very much like him. 138 00:07:20,000 --> 00:07:23,240 Speaker 2: Oh that's actually the best. Like, that's so sweet that 139 00:07:23,320 --> 00:07:25,560 Speaker 2: you still get I guess a piece of him around. 140 00:07:25,960 --> 00:07:29,160 Speaker 2: And now, what does life look like? You've obviously gone 141 00:07:29,840 --> 00:07:32,360 Speaker 2: through all of that and come out the other side, 142 00:07:32,560 --> 00:07:34,640 Speaker 2: the other side of the story you've written. And he said, 143 00:07:34,640 --> 00:07:37,360 Speaker 2: I earned a six figure salary. I was head hunted, 144 00:07:37,480 --> 00:07:41,120 Speaker 2: Like this is a complete flip. You're thriving. Tell me 145 00:07:41,200 --> 00:07:42,920 Speaker 2: about life. What does it look like today? 146 00:07:43,320 --> 00:07:46,160 Speaker 3: Yeah? So it was obviously the most difficult time in 147 00:07:46,200 --> 00:07:48,760 Speaker 3: my life after my husband died, you know, even just 148 00:07:49,120 --> 00:07:51,720 Speaker 3: dealing with the death admin and just trying to function 149 00:07:51,880 --> 00:07:54,960 Speaker 3: when you're grieving. I think the shock took about nine 150 00:07:55,000 --> 00:07:57,720 Speaker 3: months to wear off. But during that time, you know, 151 00:07:57,760 --> 00:08:02,360 Speaker 3: obviously I was pregnant, so I had to plan ahead 152 00:08:02,400 --> 00:08:04,760 Speaker 3: and think what is this going to look like. I 153 00:08:04,760 --> 00:08:09,320 Speaker 3: had an incredibly supportive employer, so I ended up getting 154 00:08:09,640 --> 00:08:14,240 Speaker 3: eight months paid leave from them, oh wow, before taking 155 00:08:14,360 --> 00:08:16,240 Speaker 3: maternity leave. So I think I went back to work 156 00:08:16,280 --> 00:08:19,200 Speaker 3: for a couple of weeks, but they were amazing. I 157 00:08:19,200 --> 00:08:22,240 Speaker 3: took twelve months maternity leave paid that was at half 158 00:08:22,280 --> 00:08:25,480 Speaker 3: pay and plus using annual leave, and then I just 159 00:08:25,560 --> 00:08:29,240 Speaker 3: wasn't ready to go back to work, and so thankfully, 160 00:08:29,520 --> 00:08:33,080 Speaker 3: because of my emergency account, I was able to extend 161 00:08:33,160 --> 00:08:35,560 Speaker 3: my maternity leave by six months and I took that 162 00:08:35,640 --> 00:08:40,280 Speaker 3: completely unpaid, and I paid myself a wage every fortnight. Still, yeah, 163 00:08:40,360 --> 00:08:43,840 Speaker 3: life looks very different now. I did end up going 164 00:08:43,880 --> 00:08:46,200 Speaker 3: back to my work, and I loved my work. I 165 00:08:46,200 --> 00:08:48,199 Speaker 3: loved the work I did, and I love my employer. 166 00:08:48,240 --> 00:08:50,760 Speaker 3: They were great, but it just didn't feel right. I 167 00:08:50,760 --> 00:08:53,920 Speaker 3: think going back to where I was when my husband 168 00:08:54,400 --> 00:08:56,800 Speaker 3: was alive, it was just really hard. 169 00:08:56,880 --> 00:08:58,679 Speaker 2: You need to change, You need to shake it up 170 00:08:58,720 --> 00:09:02,760 Speaker 2: and move on from a period that wasn't, I guess, 171 00:09:03,000 --> 00:09:04,520 Speaker 2: the best period of your life. 172 00:09:04,840 --> 00:09:07,720 Speaker 3: Yeah. So I wasn't looking for work, but I was 173 00:09:07,840 --> 00:09:10,840 Speaker 3: just kind of going in doing what I needed to do. 174 00:09:11,360 --> 00:09:14,480 Speaker 3: And then I was contacted by my current employer. They'd 175 00:09:14,480 --> 00:09:17,240 Speaker 3: actually heard about me through work and through people we 176 00:09:17,360 --> 00:09:19,800 Speaker 3: used to work with, and they said, oh, you know, 177 00:09:20,000 --> 00:09:22,240 Speaker 3: just reaching out seeing if you're interested. We need someone 178 00:09:22,280 --> 00:09:24,520 Speaker 3: with your skill set. Do you want to have a chat? 179 00:09:24,640 --> 00:09:26,000 Speaker 3: I thought, well, what do I have to lose? 180 00:09:26,040 --> 00:09:27,720 Speaker 2: I might as well, Yeah, what's a chat? 181 00:09:27,920 --> 00:09:31,560 Speaker 3: Yeah? So I took the plunge, and you know, I 182 00:09:31,640 --> 00:09:33,880 Speaker 3: was walking away from a really secure job. I knew 183 00:09:33,880 --> 00:09:36,960 Speaker 3: it was decent money. But I haven't looked back. I've 184 00:09:36,960 --> 00:09:39,880 Speaker 3: been there for almost a year and yeah, I love it. 185 00:09:39,960 --> 00:09:42,240 Speaker 2: Oh, I'm so glad. And it's kind of like at 186 00:09:42,240 --> 00:09:45,000 Speaker 2: that point in time, knowing that someone kind of head 187 00:09:45,080 --> 00:09:47,600 Speaker 2: hunted you, that was probably a confidence boost as well 188 00:09:47,640 --> 00:09:50,000 Speaker 2: that you definitely deserved. You were like, you know what, 189 00:09:50,080 --> 00:09:53,280 Speaker 2: I've still got it. Like, I'm still here, I'm still thriving, 190 00:09:53,320 --> 00:09:55,200 Speaker 2: and now you have a six figure salary. 191 00:09:55,840 --> 00:10:00,600 Speaker 3: Yes, So I was earning well and when they approach me, 192 00:10:00,720 --> 00:10:03,080 Speaker 3: they said, this is what we can pay you, and 193 00:10:03,160 --> 00:10:04,800 Speaker 3: I said, no, I might as well stay where I 194 00:10:04,840 --> 00:10:06,400 Speaker 3: am and so I negotiated up. 195 00:10:06,480 --> 00:10:08,880 Speaker 2: Oh and she negotiated it as well, of course she did, 196 00:10:08,960 --> 00:10:09,600 Speaker 2: what a queen. 197 00:10:10,120 --> 00:10:12,400 Speaker 3: Yeah, Well, they offered me an amount and I said, 198 00:10:12,800 --> 00:10:15,400 Speaker 3: is that including super or plus super? And they said 199 00:10:15,440 --> 00:10:18,360 Speaker 3: that's inclusive and I said, no, I'll take that figure 200 00:10:18,360 --> 00:10:19,000 Speaker 3: plus super. 201 00:10:19,240 --> 00:10:19,640 Speaker 1: Get it. 202 00:10:19,920 --> 00:10:23,680 Speaker 3: So I'm currently on one hundred and thirty nine thousand 203 00:10:24,440 --> 00:10:29,840 Speaker 3: plus Super plus a nine percent incentive payment, which is 204 00:10:29,880 --> 00:10:32,160 Speaker 3: like a bonus annually. But I work part time, so 205 00:10:32,200 --> 00:10:32,800 Speaker 3: that's pro writer. 206 00:10:33,040 --> 00:10:35,640 Speaker 2: But that's okay. And I'm assuming you work pro riter 207 00:10:35,880 --> 00:10:38,440 Speaker 2: because you have a small human being that takes up 208 00:10:38,440 --> 00:10:39,240 Speaker 2: a lot of your time. 209 00:10:39,480 --> 00:10:43,880 Speaker 3: Yes, exactly, and also by choice. Eventually I will increase 210 00:10:43,880 --> 00:10:45,800 Speaker 3: my hours, but at the moment, this works well for 211 00:10:45,880 --> 00:10:49,240 Speaker 3: my life. And again, I'm going to prioritize my daughter 212 00:10:49,360 --> 00:10:51,440 Speaker 3: over work or anything. 213 00:10:51,120 --> 00:10:55,080 Speaker 2: Else one hundred percent. I love that you're in that 214 00:10:55,120 --> 00:10:58,280 Speaker 2: position now. And what does life look like moving forward? 215 00:10:58,360 --> 00:11:01,880 Speaker 2: Like your daughter you said was three, once she's at school, Like, 216 00:11:01,920 --> 00:11:03,200 Speaker 2: where's life going to lead you? 217 00:11:03,640 --> 00:11:07,840 Speaker 3: So I have repartnered. I repartnered about eighteen months ago. 218 00:11:08,400 --> 00:11:12,640 Speaker 3: Oh good. Yeah. My new partner's also widow. So I 219 00:11:12,679 --> 00:11:15,360 Speaker 3: was actually interviewed about my husband's death because my husband 220 00:11:15,400 --> 00:11:18,720 Speaker 3: died suddenly and unexpectedly and we don't actually know what 221 00:11:18,880 --> 00:11:19,720 Speaker 3: caused his death. 222 00:11:19,920 --> 00:11:20,600 Speaker 2: Yeah. Wow. 223 00:11:20,840 --> 00:11:23,520 Speaker 3: So he saw the interview that I gave and reached 224 00:11:23,559 --> 00:11:25,640 Speaker 3: out to me and he said his wife died the 225 00:11:25,679 --> 00:11:26,200 Speaker 3: same way. 226 00:11:26,520 --> 00:11:27,880 Speaker 2: Oh my gosh. 227 00:11:28,440 --> 00:11:30,400 Speaker 3: Yeah, So we connected that way, and turns out we 228 00:11:30,400 --> 00:11:31,959 Speaker 3: were both part of the same widow group. 229 00:11:32,360 --> 00:11:34,360 Speaker 2: You're gonna make me cry, you can't. It's like your 230 00:11:34,400 --> 00:11:35,959 Speaker 2: partners have brought you two together. 231 00:11:36,559 --> 00:11:39,839 Speaker 3: Yeap. We've recently, very recent as in a couple of 232 00:11:39,880 --> 00:11:43,400 Speaker 3: weeks ago. We've just bought a house together and we've 233 00:11:43,440 --> 00:11:47,319 Speaker 3: moved in, so blended family. He has children as well, gorgeous, 234 00:11:47,600 --> 00:11:51,080 Speaker 3: So we both sold our homes and brought together and 235 00:11:51,200 --> 00:11:51,880 Speaker 3: moved in together. 236 00:11:51,920 --> 00:11:55,000 Speaker 2: Now I'm so happy for you. That is literally such 237 00:11:55,040 --> 00:11:58,600 Speaker 2: good news. Like I mean, it doesn't change how heartbreaking 238 00:11:58,640 --> 00:12:01,840 Speaker 2: everything else is, but Eve and the idea that you're 239 00:12:01,840 --> 00:12:05,400 Speaker 2: with someone who fully comprehends what that grieving process looks like. 240 00:12:05,720 --> 00:12:08,080 Speaker 2: It can be incredibly supportive having that and I'm sure 241 00:12:08,080 --> 00:12:10,040 Speaker 2: you're a part of that group because it is hard 242 00:12:10,080 --> 00:12:12,880 Speaker 2: and now you have someone who just gets it, Like, Oh, 243 00:12:12,920 --> 00:12:15,960 Speaker 2: I'm so happy for you. Money, diarrest, I want to 244 00:12:15,960 --> 00:12:19,319 Speaker 2: ask so many more questions. Though you've told us what 245 00:12:19,360 --> 00:12:22,120 Speaker 2: you earn, what you do, I want to know now 246 00:12:23,000 --> 00:12:24,880 Speaker 2: what are your big money goals? What are you currently 247 00:12:24,880 --> 00:12:27,000 Speaker 2: working towards? Like you just said, you've bought a house, 248 00:12:27,040 --> 00:12:30,479 Speaker 2: which is so exciting. What else is on the horizon? 249 00:12:30,880 --> 00:12:33,839 Speaker 3: So short term? The house that we've bought is an 250 00:12:33,880 --> 00:12:37,640 Speaker 3: older house, but it's good. It's on acreage, it's in 251 00:12:37,679 --> 00:12:41,000 Speaker 3: a beautiful area, not far out of Melbourne, but it 252 00:12:41,040 --> 00:12:43,600 Speaker 3: does need quite a bit of work. So short term, 253 00:12:43,600 --> 00:12:46,160 Speaker 3: we're looking to do quite a few improvements to the 254 00:12:46,200 --> 00:12:49,120 Speaker 3: house and property. We've budgeted around two hundred and fifty 255 00:12:49,120 --> 00:12:51,160 Speaker 3: thousand for that, so I'd like to have that in 256 00:12:51,280 --> 00:12:55,200 Speaker 3: savings ready to go. YEA, hopefully plan for a baby 257 00:12:55,280 --> 00:12:57,640 Speaker 3: this year, but we'll see what happens. 258 00:12:57,960 --> 00:12:58,760 Speaker 2: How exciting. 259 00:12:59,160 --> 00:13:01,240 Speaker 3: Yeah, so i'd like to plan just be able to 260 00:13:01,240 --> 00:13:04,640 Speaker 3: take twelve months off, yeah, fair, and then long term 261 00:13:04,840 --> 00:13:07,679 Speaker 3: obviously to continue to invest in myself and continue to 262 00:13:07,800 --> 00:13:12,160 Speaker 3: learn and educate myself, but also to increase investments to 263 00:13:12,200 --> 00:13:15,680 Speaker 3: build long term wealth and just to create that passive 264 00:13:15,720 --> 00:13:18,240 Speaker 3: income later in life, and also to build a nest 265 00:13:18,240 --> 00:13:20,240 Speaker 3: egg for my daughter for when she's older. 266 00:13:20,360 --> 00:13:23,240 Speaker 2: Oh my gosh, I love this just knowing that you're 267 00:13:23,320 --> 00:13:27,640 Speaker 2: on this trajectory and everything is like working out for 268 00:13:27,720 --> 00:13:30,120 Speaker 2: the better, Like you're just in this place where you are. 269 00:13:30,440 --> 00:13:34,080 Speaker 2: Literally you didn't lie. You said you're thriving financially. I'm like, yes, 270 00:13:34,120 --> 00:13:36,599 Speaker 2: you are, Queen. I love this. Let's go to a 271 00:13:36,640 --> 00:13:38,319 Speaker 2: really quick break on the flip side. I want to 272 00:13:38,360 --> 00:13:40,200 Speaker 2: talk more about this property. I want to talk about 273 00:13:40,240 --> 00:13:42,920 Speaker 2: investments and debts and good and bad habits. So guys 274 00:13:43,040 --> 00:13:49,720 Speaker 2: don't go anywhere. All right, money Diarist, we are back. 275 00:13:50,080 --> 00:13:53,040 Speaker 2: I am so grateful that you're sharing your story. I 276 00:13:53,040 --> 00:13:56,880 Speaker 2: feel like this is something that hopefully not that many 277 00:13:56,960 --> 00:13:59,640 Speaker 2: people in our community can resonate with, Like I just 278 00:13:59,760 --> 00:14:02,040 Speaker 2: hope that this isn't a story that they go that's me. 279 00:14:02,520 --> 00:14:05,160 Speaker 2: But I also I just think it's so important to 280 00:14:05,200 --> 00:14:09,240 Speaker 2: be sharing stories like this because it can happen. And 281 00:14:09,320 --> 00:14:13,080 Speaker 2: thirty four years old is so young, Like, no one 282 00:14:13,120 --> 00:14:15,760 Speaker 2: plans for that. It's always that's the stuff that happens 283 00:14:15,760 --> 00:14:18,160 Speaker 2: on the news, that's the stuff that happens to other people. 284 00:14:19,480 --> 00:14:23,360 Speaker 2: Were you guys financially prepared when this happened? Like did 285 00:14:23,360 --> 00:14:26,280 Speaker 2: you have insurances and stuff organized? Like what did the 286 00:14:26,400 --> 00:14:29,320 Speaker 2: I guess admin side of life look like? 287 00:14:29,720 --> 00:14:32,080 Speaker 3: Yeah, good question. And this is something that I really 288 00:14:32,160 --> 00:14:36,920 Speaker 3: want to stress to listeners, the importance of being prepared 289 00:14:37,840 --> 00:14:40,600 Speaker 3: and having a good will because we grew up together, 290 00:14:40,760 --> 00:14:45,240 Speaker 3: we shared all our finances, everything we had, we earned together. 291 00:14:46,040 --> 00:14:49,080 Speaker 3: When we bought our property, we went through the Barefoot 292 00:14:49,080 --> 00:14:52,440 Speaker 3: Investor method and read that and from there I started 293 00:14:52,520 --> 00:14:55,479 Speaker 3: reading different books and listening to podcasts. 294 00:14:55,560 --> 00:14:59,120 Speaker 2: So slippery slope, that's financial literacy thing, isn't it? 295 00:14:59,120 --> 00:15:00,960 Speaker 3: It is interesting, it's good. 296 00:15:01,640 --> 00:15:01,840 Speaker 1: Yeah. 297 00:15:01,880 --> 00:15:06,360 Speaker 3: So thankfully my husband did have life insurance and it 298 00:15:06,400 --> 00:15:07,640 Speaker 3: was enough to cover the mortgage. 299 00:15:07,720 --> 00:15:08,240 Speaker 2: Oh good. 300 00:15:08,840 --> 00:15:12,800 Speaker 3: Yeah, I was very grateful for We just updated will, 301 00:15:12,880 --> 00:15:15,920 Speaker 3: so everything was good to go. But in saying that, 302 00:15:15,960 --> 00:15:19,680 Speaker 3: because my husband's death was unexpected and there was no 303 00:15:19,960 --> 00:15:22,680 Speaker 3: known cause of death, it was a reportable death to 304 00:15:22,680 --> 00:15:24,920 Speaker 3: the coroner, so we had to go through the full 305 00:15:24,960 --> 00:15:28,240 Speaker 3: coronial process, which took about eighteen months, and in that 306 00:15:28,360 --> 00:15:31,200 Speaker 3: time you don't get a death certificate until they know 307 00:15:31,360 --> 00:15:34,720 Speaker 3: cause of death, so I had to wait. I think 308 00:15:34,720 --> 00:15:37,240 Speaker 3: it was about eight months. I ended up getting interim 309 00:15:37,240 --> 00:15:41,240 Speaker 3: death certificate from the medical investigation to say his cause 310 00:15:41,280 --> 00:15:45,080 Speaker 3: of death was unascertained. But in that time, keeping in mind, 311 00:15:45,120 --> 00:15:49,080 Speaker 3: I was pregnant and it's just what you needed, right, yeah, 312 00:15:49,200 --> 00:15:51,120 Speaker 3: no idea what the future was going to look like. 313 00:15:51,480 --> 00:15:54,680 Speaker 3: It took about eight months to get that certificate and 314 00:15:54,960 --> 00:15:58,840 Speaker 3: to get the insurance paid out. So I'd contacted our 315 00:15:58,880 --> 00:16:01,600 Speaker 3: bank and they the mortgage of repayments on hold, so 316 00:16:01,680 --> 00:16:05,200 Speaker 3: that was a relief. Oh good, But we owed the 317 00:16:05,240 --> 00:16:08,840 Speaker 3: builders still a lot of money which we were paying ourselves, 318 00:16:08,920 --> 00:16:12,760 Speaker 3: not through the mortgage. Yeah, my husband had an ovated 319 00:16:13,320 --> 00:16:16,920 Speaker 3: car through his name. I ended up negotiating that and 320 00:16:17,000 --> 00:16:20,480 Speaker 3: ended up saving about sixteen thousand dollars from that, so 321 00:16:20,520 --> 00:16:21,920 Speaker 3: I could pay that out, just. 322 00:16:21,880 --> 00:16:23,400 Speaker 2: Get rid of it, get it done. 323 00:16:23,720 --> 00:16:25,640 Speaker 3: Yeah, I wanted to keep the car. I didn't want 324 00:16:25,680 --> 00:16:29,160 Speaker 3: to give it away. When I took maternity leave, I 325 00:16:29,280 --> 00:16:32,640 Speaker 3: wasn't getting an income, so I was eligible for single 326 00:16:32,680 --> 00:16:36,240 Speaker 3: parenting payment. I never thought i'd be reliant on centilink. 327 00:16:36,280 --> 00:16:38,880 Speaker 3: We always worked hard and saved well, and. 328 00:16:38,880 --> 00:16:40,120 Speaker 2: I was going to say that would have been really 329 00:16:40,160 --> 00:16:43,280 Speaker 2: confronting as well, like having to go through that process 330 00:16:43,320 --> 00:16:45,840 Speaker 2: and not only having to go through that process and 331 00:16:45,880 --> 00:16:48,080 Speaker 2: be like, wow, I'm relying on sentlink. I never thought 332 00:16:48,120 --> 00:16:50,360 Speaker 2: i'd be there. But even just like the naming convention 333 00:16:50,720 --> 00:16:54,080 Speaker 2: of that payment, being that single parent, that's not what 334 00:16:54,240 --> 00:16:56,200 Speaker 2: identify as, Like, that's not what I wanted. 335 00:16:56,920 --> 00:16:59,720 Speaker 3: Yeah, exactly, I identify as a solo parent. 336 00:16:59,800 --> 00:17:03,640 Speaker 2: But no, I get it as an ex financial advisor, 337 00:17:03,920 --> 00:17:06,959 Speaker 2: like you deal with people in crisis. And even just 338 00:17:07,000 --> 00:17:10,280 Speaker 2: like the way it works, it's heartbreaking. It's like being 339 00:17:10,359 --> 00:17:11,320 Speaker 2: kicked while you're down. 340 00:17:11,480 --> 00:17:14,320 Speaker 3: I was actually thinking about it, and I know this 341 00:17:14,440 --> 00:17:18,879 Speaker 3: is probably opposite to what many people would say. I 342 00:17:19,000 --> 00:17:22,639 Speaker 3: was grateful for the COVID lockdowns because it meant that 343 00:17:22,680 --> 00:17:25,640 Speaker 3: I could just look myself away. And I am quite 344 00:17:25,680 --> 00:17:29,160 Speaker 3: an introverted person, which only came out after my husband died. 345 00:17:29,440 --> 00:17:31,879 Speaker 3: I didn't think I was. But I didn't go anywhere. 346 00:17:31,880 --> 00:17:34,280 Speaker 3: I didn't spend money. So in that time I was 347 00:17:34,320 --> 00:17:35,440 Speaker 3: able to save a lot. 348 00:17:35,720 --> 00:17:37,280 Speaker 2: Yeah, and I was. 349 00:17:37,240 --> 00:17:40,879 Speaker 3: Able to build my emergency fund back up again. So 350 00:17:40,960 --> 00:17:43,720 Speaker 3: that's currently sitting just over twenty thousand, and I like 351 00:17:43,800 --> 00:17:45,600 Speaker 3: to keep it at that amount. 352 00:17:45,880 --> 00:17:48,560 Speaker 2: Yeah, throughout that time, Please tell me you had a 353 00:17:48,600 --> 00:17:52,359 Speaker 2: really smooth pregnancy. Please tell me you weren't like going 354 00:17:52,359 --> 00:17:54,760 Speaker 2: through like hate she and stuff like this in addition 355 00:17:54,840 --> 00:17:57,480 Speaker 2: to greathing, an addition to doing life admunity, addition to 356 00:17:57,760 --> 00:18:00,240 Speaker 2: sent link and everything else, Like, is there a light 357 00:18:00,280 --> 00:18:02,199 Speaker 2: at the end of the pregnancy Donnell for you or 358 00:18:02,320 --> 00:18:03,120 Speaker 2: was it awful? 359 00:18:03,880 --> 00:18:07,720 Speaker 3: Pregnancy wise? It was okay labor and birth. And I 360 00:18:07,720 --> 00:18:09,199 Speaker 3: don't want to tell you this because I don't want 361 00:18:09,200 --> 00:18:12,919 Speaker 3: to freak you out, but I nearly died. Yeah. I 362 00:18:12,920 --> 00:18:15,560 Speaker 3: had postpartum hemorrhaging and lost about two and a half 363 00:18:15,600 --> 00:18:16,399 Speaker 3: liters of blood. 364 00:18:16,640 --> 00:18:18,560 Speaker 2: No, that's not what you need. 365 00:18:19,320 --> 00:18:22,040 Speaker 3: Yeah, I went into surgery balling my eyes out. After 366 00:18:22,080 --> 00:18:24,080 Speaker 3: they'd done. I think it was four Code pinks and 367 00:18:24,119 --> 00:18:27,840 Speaker 3: two Code blues on me, and I've got my daughter 368 00:18:28,359 --> 00:18:32,000 Speaker 3: sitting with me, and I remember I was just hysterical 369 00:18:32,080 --> 00:18:34,159 Speaker 3: and I was convinced I was going to die. And 370 00:18:34,200 --> 00:18:36,280 Speaker 3: I even said to the anethesis before I went in, 371 00:18:36,520 --> 00:18:38,359 Speaker 3: I said, no, I don't want my daughter to be 372 00:18:38,600 --> 00:18:42,520 Speaker 3: an orphan. And I can laugh about it now because 373 00:18:42,560 --> 00:18:44,719 Speaker 3: I know I was just a bit delirious. 374 00:18:45,119 --> 00:18:49,200 Speaker 2: No, but that's also really valid. I'm sorry, Like, that's 375 00:18:49,280 --> 00:18:52,520 Speaker 2: exactly how I feel like any reasonable person would have 376 00:18:52,560 --> 00:18:54,880 Speaker 2: been having that many Code pinks and that many cod 377 00:18:54,960 --> 00:18:57,520 Speaker 2: blues and then going into surgery after having given birth, 378 00:18:57,600 --> 00:19:00,960 Speaker 2: Like that's a terrifying experience. We tried to downplay that 379 00:19:01,480 --> 00:19:04,000 Speaker 2: and be like, oh, you know, in hindsight, no, no, no, 380 00:19:04,040 --> 00:19:05,760 Speaker 2: in hindsight, that was traumatic. 381 00:19:06,680 --> 00:19:09,560 Speaker 3: Yeah, it was traumatic. I have very supportive family, though, 382 00:19:09,600 --> 00:19:12,040 Speaker 3: and my mum and sister were both there and very 383 00:19:12,040 --> 00:19:13,920 Speaker 3: good friends. So yeah, I got through. 384 00:19:14,240 --> 00:19:16,000 Speaker 2: Oh I'm so glad. 385 00:19:15,960 --> 00:19:18,520 Speaker 3: And now we have a beautiful almost three year old 386 00:19:18,640 --> 00:19:20,280 Speaker 3: little terror so cute. 387 00:19:20,520 --> 00:19:24,439 Speaker 2: Such a good age though, all right, tell me more. Obviously, 388 00:19:24,760 --> 00:19:27,560 Speaker 2: you've got property, and you've just purchased a new one. 389 00:19:27,560 --> 00:19:30,000 Speaker 2: But do you have any investments. If so, what are they. 390 00:19:30,480 --> 00:19:34,240 Speaker 3: Yeah, so, my partner and I both owned our homes outright, 391 00:19:35,240 --> 00:19:37,879 Speaker 3: so when we sold, the property we bought was of 392 00:19:38,000 --> 00:19:42,280 Speaker 3: higher value, but we still had about five hundred thousand 393 00:19:42,359 --> 00:19:45,119 Speaker 3: left over from the sale with the properties. So that's 394 00:19:45,240 --> 00:19:47,480 Speaker 3: currently sitting. I know it shouldn't be, but it's just 395 00:19:47,480 --> 00:19:50,119 Speaker 3: sitting in a bank account until we figure out what 396 00:19:50,160 --> 00:19:52,240 Speaker 3: to do with it long term. But we will be 397 00:19:52,280 --> 00:19:55,119 Speaker 3: looking to invest it after we've used part of it 398 00:19:55,160 --> 00:19:56,080 Speaker 3: towards improvements. 399 00:19:56,320 --> 00:19:59,320 Speaker 2: When you say just in a bank account, Pervy Financial 400 00:19:59,320 --> 00:20:02,840 Speaker 2: Advisory in he is like, is it offsetting anything? Is 401 00:20:02,880 --> 00:20:06,280 Speaker 2: it at least in a high interest savings account? Making 402 00:20:06,320 --> 00:20:09,199 Speaker 2: a tiny bit of money covering its own bar like, No, 403 00:20:09,240 --> 00:20:10,120 Speaker 2: it's just hanging out. 404 00:20:10,520 --> 00:20:11,840 Speaker 3: No, just hanging out. 405 00:20:11,880 --> 00:20:14,199 Speaker 2: And if you're happy with that, I'm happy with that. 406 00:20:15,080 --> 00:20:15,359 Speaker 1: I'm not. 407 00:20:15,600 --> 00:20:17,600 Speaker 3: And I have been saying to my partner, look, we 408 00:20:17,680 --> 00:20:19,760 Speaker 3: need to break it up because I know the government 409 00:20:19,840 --> 00:20:21,840 Speaker 3: only guarantees up to two hundred and fifty thousand. We 410 00:20:21,920 --> 00:20:23,640 Speaker 3: need to break it up and get into a separate 411 00:20:23,920 --> 00:20:27,720 Speaker 3: high interest savings account. We just haven't got around to 412 00:20:27,800 --> 00:20:30,280 Speaker 3: doing it yet. Life's just being chaotic it's life. 413 00:20:30,320 --> 00:20:31,840 Speaker 2: Had mean, you have a three and a half year old, 414 00:20:31,840 --> 00:20:34,560 Speaker 2: your partner also has kids, Like, I feel like I'll 415 00:20:34,560 --> 00:20:36,360 Speaker 2: give you a little bit of leniency here. 416 00:20:37,040 --> 00:20:41,440 Speaker 3: Yeah. So investments, obviously, my super and I have been 417 00:20:41,440 --> 00:20:44,439 Speaker 3: doing this for a long time. I contribute three hundred 418 00:20:44,520 --> 00:20:46,119 Speaker 3: of Fortnite into my super. 419 00:20:46,440 --> 00:20:47,879 Speaker 2: Now you do know what you're doing. 420 00:20:48,760 --> 00:20:53,280 Speaker 3: Yeah, that's currently sitting around one hundred and seventy two thousand. 421 00:20:54,000 --> 00:20:56,159 Speaker 3: Just after my husband died, we talked about investing, but 422 00:20:56,200 --> 00:20:57,920 Speaker 3: we just didn't know enough. I think we were a 423 00:20:57,960 --> 00:21:00,479 Speaker 3: bit scared to take that step. But I opened up 424 00:21:00,520 --> 00:21:04,240 Speaker 3: a stock Spot robo investing account just because I needed 425 00:21:04,240 --> 00:21:06,520 Speaker 3: something that was easy set and forget. So I've got 426 00:21:06,560 --> 00:21:10,359 Speaker 3: just over forty thousand in that. So each fortnight I 427 00:21:10,400 --> 00:21:14,520 Speaker 3: transfer two hundred and fifty dollars into an online savings account, 428 00:21:14,520 --> 00:21:17,119 Speaker 3: and then when that hits a thousand, I transfer it 429 00:21:17,160 --> 00:21:20,679 Speaker 3: into my investing. That's one thing I'm really proud of 430 00:21:20,680 --> 00:21:22,520 Speaker 3: because that's one thing I have been able to just 431 00:21:23,200 --> 00:21:26,680 Speaker 3: chip away out and say that's consistent. Yeah, and that's 432 00:21:26,720 --> 00:21:29,399 Speaker 3: my own yep. And obviously the money that we've got 433 00:21:29,560 --> 00:21:32,000 Speaker 3: left over from the sale of the properties, we will 434 00:21:32,040 --> 00:21:35,639 Speaker 3: be looking to invest that as well for the long term. 435 00:21:35,760 --> 00:21:39,760 Speaker 2: I love this. And then are there any debts hidden anywhere? 436 00:21:40,600 --> 00:21:40,719 Speaker 1: No. 437 00:21:41,240 --> 00:21:44,080 Speaker 3: I've always had the mindset of if you don't have 438 00:21:44,160 --> 00:21:47,240 Speaker 3: the money there to spend, don't spend it. So the 439 00:21:47,280 --> 00:21:50,919 Speaker 3: way I structure my money is I've got my everyday account, 440 00:21:50,960 --> 00:21:52,960 Speaker 3: which I always liked to have about two thousand dollars 441 00:21:53,000 --> 00:21:56,919 Speaker 3: float in there. I have my spending account, savings, and 442 00:21:56,960 --> 00:22:02,080 Speaker 3: then investing and then emergencies. Obviously we did have a mortgage, 443 00:22:02,080 --> 00:22:05,360 Speaker 3: but that was paid out from my husband's life insurance. 444 00:22:05,840 --> 00:22:08,160 Speaker 3: Never had a car loan, never had a credit card, 445 00:22:08,280 --> 00:22:11,320 Speaker 3: never had after pay. So all right, well, tell us, 446 00:22:11,520 --> 00:22:14,560 Speaker 3: as I guess one of the smartest financial cookies, what 447 00:22:14,880 --> 00:22:18,359 Speaker 3: is your best money habit? Probably my best money habit 448 00:22:18,520 --> 00:22:21,480 Speaker 3: is that I'm good at automating my money. I know 449 00:22:21,880 --> 00:22:24,760 Speaker 3: exactly what comes in what goes out, and I've set 450 00:22:24,800 --> 00:22:28,439 Speaker 3: everything up so bills are automatically paid, all my transfers 451 00:22:28,440 --> 00:22:31,679 Speaker 3: every pay week are paid into the separate accounts. But 452 00:22:31,720 --> 00:22:33,680 Speaker 3: I'm also very frugal, so I don't pay full price 453 00:22:33,720 --> 00:22:37,120 Speaker 3: for anything. Oh as find a bargain, and yeah. 454 00:22:36,760 --> 00:22:38,800 Speaker 2: I love that. That is a very good money habit 455 00:22:38,840 --> 00:22:41,359 Speaker 2: to have. Do you have a bad money habit? Like, 456 00:22:41,600 --> 00:22:44,119 Speaker 2: from what you've told me, I feel like there aren't 457 00:22:44,119 --> 00:22:47,679 Speaker 2: that many bad ones. You've made some really good financial decisions. 458 00:22:47,720 --> 00:22:50,879 Speaker 2: But let's dig deep here. What's your worst money habit? 459 00:22:51,520 --> 00:22:54,920 Speaker 3: I've given this a bit of thought, and I think 460 00:22:54,960 --> 00:22:58,439 Speaker 3: it's that I'm probably too rigid with my finances. I 461 00:22:58,480 --> 00:23:00,480 Speaker 3: know the money's there to be spent. I have a 462 00:23:00,480 --> 00:23:05,480 Speaker 3: lot of anxiety around money, and it makes sense from 463 00:23:05,520 --> 00:23:08,639 Speaker 3: what happened my husband dying. But if I don't have 464 00:23:08,680 --> 00:23:12,200 Speaker 3: the money sitting there, I get really anxious. So unless 465 00:23:12,280 --> 00:23:15,760 Speaker 3: that money has been earmarked for something, I'm very hesitant 466 00:23:15,880 --> 00:23:18,199 Speaker 3: to spend it. So I think I need to just 467 00:23:18,480 --> 00:23:21,320 Speaker 3: let go a little bit and let myself spend a 468 00:23:21,320 --> 00:23:22,000 Speaker 3: little bit more. 469 00:23:22,200 --> 00:23:24,520 Speaker 2: That's fair, But it also makes a lot of sense 470 00:23:24,600 --> 00:23:29,560 Speaker 2: that that's the case given your circumstances. I want to know, obviously, 471 00:23:29,720 --> 00:23:32,760 Speaker 2: rogue question at the end. You've got a nearly three 472 00:23:32,840 --> 00:23:35,439 Speaker 2: year old. Is she showing any interest in money? Like? 473 00:23:35,480 --> 00:23:37,720 Speaker 2: How are you planning on teaching her to be as 474 00:23:37,760 --> 00:23:39,200 Speaker 2: good at money management as you are. 475 00:23:39,680 --> 00:23:41,880 Speaker 3: She's not. I think she's probably too young to understand 476 00:23:41,880 --> 00:23:42,400 Speaker 3: the concept. 477 00:23:43,080 --> 00:23:44,760 Speaker 2: I've got a two and a half year old nephew 478 00:23:44,800 --> 00:23:46,440 Speaker 2: and he came up to me the other day and said, 479 00:23:46,600 --> 00:23:48,600 Speaker 2: do you want a latte? And I said yeah, and 480 00:23:48,640 --> 00:23:50,800 Speaker 2: then he tried to charge me fifty dollars for it. 481 00:23:51,000 --> 00:23:53,480 Speaker 2: So I feel like they might not have a good 482 00:23:53,520 --> 00:23:55,960 Speaker 2: hold of what real value is, but like. 483 00:23:56,400 --> 00:23:59,240 Speaker 3: Maybe yeah, No, she hasn't shown any interest yet, but 484 00:23:59,280 --> 00:24:02,520 Speaker 3: I guess I haven't really pushed that. She does help 485 00:24:02,560 --> 00:24:04,359 Speaker 3: out a lot around the house. She tries to do 486 00:24:04,440 --> 00:24:06,320 Speaker 3: the dishes and she tries to clean. 487 00:24:06,480 --> 00:24:09,640 Speaker 2: Oh that gives me anxiety. Yep, it's not very good. 488 00:24:10,840 --> 00:24:13,520 Speaker 3: But no any advice, so I'm happy to take on board. 489 00:24:13,560 --> 00:24:16,600 Speaker 2: No, no advice. I just like asking. I love when 490 00:24:16,720 --> 00:24:20,639 Speaker 2: kids start to understand money as a concept. And even 491 00:24:20,640 --> 00:24:22,800 Speaker 2: my nephew trying to charge me fifty dollars in this 492 00:24:22,880 --> 00:24:25,360 Speaker 2: economy for a latte. I was like, do I get 493 00:24:25,359 --> 00:24:27,000 Speaker 2: oat milk? And he just shook your head and was 494 00:24:27,040 --> 00:24:31,199 Speaker 2: like no. I was like, oh, that's just for cow's milk. Oh, sheez, Louise. 495 00:24:31,240 --> 00:24:33,520 Speaker 2: It is probably gonna be like one hundred dollar latte 496 00:24:33,840 --> 00:24:36,520 Speaker 2: if I ask for any kind of alternative milk. This 497 00:24:36,680 --> 00:24:40,320 Speaker 2: is wild, But kids are yeah, fun, and I'm obviously 498 00:24:40,400 --> 00:24:43,280 Speaker 2: a bit pervy on it at the moment. The situation 499 00:24:43,359 --> 00:24:45,960 Speaker 2: you've been through is horrendous, and I am so sorry 500 00:24:46,080 --> 00:24:47,959 Speaker 2: that you have had to go through this. But I 501 00:24:48,040 --> 00:24:50,399 Speaker 2: also look at it and I'm like, holy Molly, I 502 00:24:50,440 --> 00:24:53,479 Speaker 2: am so proud of where you are now. Like it 503 00:24:53,560 --> 00:24:57,840 Speaker 2: is obviously the worst thing that you can go through 504 00:24:57,960 --> 00:25:00,440 Speaker 2: and then to have come out the other side. And 505 00:25:00,600 --> 00:25:02,760 Speaker 2: even just the way you've written it, You're like, I 506 00:25:02,800 --> 00:25:06,199 Speaker 2: am financially thriving. I'm like, yes, you are, Like I 507 00:25:06,359 --> 00:25:08,639 Speaker 2: like that, you can see that. I love that you've 508 00:25:08,680 --> 00:25:11,680 Speaker 2: found a partner that's supportive. I'm obsessed with the fact 509 00:25:11,720 --> 00:25:14,000 Speaker 2: that you're on a six figure salary and during a 510 00:25:14,040 --> 00:25:17,520 Speaker 2: time that you were probably still grieving pretty hard. There 511 00:25:17,560 --> 00:25:21,280 Speaker 2: you are renegotiating the contract. I'm like, yes, Queen, you 512 00:25:21,320 --> 00:25:24,159 Speaker 2: are as she's on the money, member, I can see you. 513 00:25:24,680 --> 00:25:28,480 Speaker 2: I love this. But if someone is in a situation 514 00:25:28,600 --> 00:25:30,199 Speaker 2: they're like, this is never going to happen to me, 515 00:25:31,200 --> 00:25:33,680 Speaker 2: what would you say, is I guess the one thing 516 00:25:33,720 --> 00:25:37,720 Speaker 2: that they should be looking at beforehand. Obviously we don't 517 00:25:37,720 --> 00:25:39,960 Speaker 2: want this to happen to anyone in our community. But 518 00:25:40,119 --> 00:25:42,840 Speaker 2: like you said before, I'm glad he had his insurances 519 00:25:42,880 --> 00:25:44,720 Speaker 2: and like his will and stuff. But to you, what 520 00:25:44,920 --> 00:25:48,040 Speaker 2: was the thing that helped you through that process the most. 521 00:25:48,160 --> 00:25:51,000 Speaker 3: I'd say my family. Obviously they helped me through of 522 00:25:51,119 --> 00:25:56,040 Speaker 3: course knowing that we did have a good will. My 523 00:25:56,160 --> 00:25:59,120 Speaker 3: situation now is a lot more complicated, so we again 524 00:25:59,200 --> 00:26:02,080 Speaker 3: need to get legal advice on how that could work 525 00:26:02,160 --> 00:26:06,600 Speaker 3: moving forward. But also just making sure that we did 526 00:26:06,640 --> 00:26:12,200 Speaker 3: have enough insurances to cover all expenses. So we were lucky. 527 00:26:12,600 --> 00:26:15,320 Speaker 3: We did make sure that we had enough to cover 528 00:26:15,400 --> 00:26:18,680 Speaker 3: and that we only increased the amount of our life 529 00:26:18,680 --> 00:26:22,560 Speaker 3: insurances because we were building, so we needed to make 530 00:26:22,560 --> 00:26:24,560 Speaker 3: sure it would cover the cost of the build. So 531 00:26:24,600 --> 00:26:26,840 Speaker 3: many friends I speak to you now, they don't have 532 00:26:26,840 --> 00:26:29,280 Speaker 3: a will, they don't have life insurance, they have no 533 00:26:29,359 --> 00:26:32,280 Speaker 3: idea what's going on with their super. So yeah, I 534 00:26:32,280 --> 00:26:35,080 Speaker 3: think I'd really like to stress to listeners the importance 535 00:26:35,119 --> 00:26:37,720 Speaker 3: of making sure that you do have your life insurance 536 00:26:38,400 --> 00:26:42,360 Speaker 3: or your personal insurances, you know if it's income protection, disability, 537 00:26:42,600 --> 00:26:47,280 Speaker 3: and making sure that your super is set to binding. Yes, 538 00:26:47,359 --> 00:26:51,720 Speaker 3: And also, yeah, the will, it's probably the most important thing. 539 00:26:51,880 --> 00:26:54,160 Speaker 2: We'll put links in our show notes to make sure 540 00:26:54,200 --> 00:26:57,760 Speaker 2: that everyone can get hold of that. Obviously, I talk 541 00:26:57,800 --> 00:27:00,960 Speaker 2: a lot about the importance of in sderances and personal 542 00:27:01,000 --> 00:27:04,240 Speaker 2: insurances and making sure that you set up your will properly. 543 00:27:04,280 --> 00:27:06,479 Speaker 2: And it's not very sexy, like it's not fun to 544 00:27:06,480 --> 00:27:09,840 Speaker 2: have these conversations, and you always like, what's the point? But 545 00:27:10,240 --> 00:27:13,000 Speaker 2: I really do hope that for everyone who takes action 546 00:27:13,200 --> 00:27:16,240 Speaker 2: and actually sets up their life insurances, I really hope 547 00:27:16,240 --> 00:27:18,439 Speaker 2: it's the biggest waste of money. Like I hope that 548 00:27:18,440 --> 00:27:20,840 Speaker 2: it's not something you ever have to rely on, because 549 00:27:20,880 --> 00:27:24,000 Speaker 2: a circumstance like this you wouldn't wish upon anybody. But 550 00:27:24,119 --> 00:27:26,600 Speaker 2: if it does happen, at least you're in the best 551 00:27:26,600 --> 00:27:30,040 Speaker 2: possible position you can be. And I think that that is, 552 00:27:30,119 --> 00:27:33,359 Speaker 2: to me, the most important thing money. I'm obsessed with 553 00:27:33,359 --> 00:27:36,520 Speaker 2: this chat. I'm so so grateful that you wanted to 554 00:27:36,560 --> 00:27:39,320 Speaker 2: share so much of yourself and your partner's journey, and 555 00:27:39,600 --> 00:27:42,560 Speaker 2: getting to learn about you has been beautiful. I do 556 00:27:42,600 --> 00:27:44,960 Speaker 2: want to know, though you seem to have all of 557 00:27:45,000 --> 00:27:47,639 Speaker 2: your finances in order. You said at the start of 558 00:27:47,680 --> 00:27:50,880 Speaker 2: the show, I'm a B plus. What would it take 559 00:27:51,000 --> 00:27:53,520 Speaker 2: someone like you to get to an A plus? 560 00:27:53,560 --> 00:27:53,639 Speaker 1: Like? 561 00:27:53,680 --> 00:27:55,359 Speaker 2: What does that potentially look like? 562 00:27:56,000 --> 00:28:00,119 Speaker 3: I would say to continue to educate myself around finances, 563 00:28:00,560 --> 00:28:05,040 Speaker 3: and i'd like to maybe step up into big girl investing. 564 00:28:05,320 --> 00:28:07,800 Speaker 2: You are a big girl investing. 565 00:28:08,200 --> 00:28:10,520 Speaker 3: Not through a robo investing platform. 566 00:28:10,040 --> 00:28:12,120 Speaker 2: So actually GIT an investment platform. 567 00:28:12,200 --> 00:28:14,840 Speaker 3: It is, and it's been great for the situation I 568 00:28:14,880 --> 00:28:17,520 Speaker 3: was in. But yeah, I guess learning more about the 569 00:28:17,600 --> 00:28:20,439 Speaker 3: investments and choosing them. But then again, I don't really 570 00:28:20,480 --> 00:28:22,280 Speaker 3: have the time, So I. 571 00:28:22,200 --> 00:28:25,040 Speaker 2: Think that you are investing perfectly fine at the moment, 572 00:28:25,280 --> 00:28:28,120 Speaker 2: Like that compound interest, she's just working away in the background. 573 00:28:28,160 --> 00:28:28,840 Speaker 2: I promise you. 574 00:28:28,840 --> 00:28:32,280 Speaker 3: That probably also to start investing for my daughter when 575 00:28:32,280 --> 00:28:35,520 Speaker 3: she reaches twenty one. I want her to have a 576 00:28:35,520 --> 00:28:37,360 Speaker 3: good little nest egg there so she can go out 577 00:28:37,359 --> 00:28:40,440 Speaker 3: and buy property or travel the world if she wants to, 578 00:28:40,560 --> 00:28:41,760 Speaker 3: or do whatever she wants to do. 579 00:28:42,120 --> 00:28:42,760 Speaker 2: I love this. 580 00:28:43,240 --> 00:28:45,880 Speaker 3: Can I just add to the question you asked previously? 581 00:28:46,120 --> 00:28:48,880 Speaker 3: Of course, I'd also just like to stress the importance 582 00:28:48,920 --> 00:28:50,760 Speaker 3: of having that emergency fund. 583 00:28:50,960 --> 00:28:52,680 Speaker 2: Yes, that is a very good addition. 584 00:28:53,160 --> 00:28:55,320 Speaker 3: Yeah, I could fall back onto it when I needed it. 585 00:28:55,480 --> 00:28:58,440 Speaker 3: I was really hesitant to tap into it. I didn't 586 00:28:59,120 --> 00:29:02,000 Speaker 3: want to and off for a very long time. I 587 00:29:02,040 --> 00:29:05,640 Speaker 3: was actually binge listening to your podcasts when I stumbled 588 00:29:05,640 --> 00:29:08,640 Speaker 3: across them, and in one of them you did talk 589 00:29:08,680 --> 00:29:12,000 Speaker 3: about emergency funds and the importance of them. I can't 590 00:29:12,000 --> 00:29:14,080 Speaker 3: remember exact wording, but there was just something you said 591 00:29:14,120 --> 00:29:16,600 Speaker 3: and was along the lines of, you know, it's okay 592 00:29:17,160 --> 00:29:20,680 Speaker 3: to use it, and that's what I needed to tell myself, 593 00:29:20,720 --> 00:29:22,960 Speaker 3: that it is okay to use this money, and that 594 00:29:22,960 --> 00:29:25,479 Speaker 3: that's what it's there for, that's what its purpose is, 595 00:29:25,600 --> 00:29:28,280 Speaker 3: and that I could always top it up again when 596 00:29:28,320 --> 00:29:30,440 Speaker 3: I'm in a more financially stable position. 597 00:29:30,560 --> 00:29:33,080 Speaker 2: One hundred percent. I think that there seems to be 598 00:29:33,160 --> 00:29:35,760 Speaker 2: this real big block for a lot of people when 599 00:29:35,800 --> 00:29:38,120 Speaker 2: it comes to emergency funds and spending them. They feel 600 00:29:38,120 --> 00:29:41,760 Speaker 2: like they've failed, I guess in you know, having an 601 00:29:41,760 --> 00:29:44,200 Speaker 2: emergency fund sitting there, but that's what it's for, to 602 00:29:44,280 --> 00:29:47,560 Speaker 2: be spent in an emergency where you do need to 603 00:29:47,560 --> 00:29:50,600 Speaker 2: support yourself. I'm glad that you found that at that 604 00:29:50,680 --> 00:29:52,640 Speaker 2: point in time, because I'm sure that would have been 605 00:29:52,680 --> 00:29:55,080 Speaker 2: a really hard thing to wrap your head around. But 606 00:29:55,240 --> 00:29:57,480 Speaker 2: I feel like we often do need to give ourselves 607 00:29:57,520 --> 00:30:00,840 Speaker 2: permission to look into that. And I know that I've 608 00:30:00,880 --> 00:30:03,520 Speaker 2: been in circumstances where I'm like, really don't want to 609 00:30:03,560 --> 00:30:06,360 Speaker 2: spend my emergency fund. I'm like, but I'm really glad 610 00:30:06,400 --> 00:30:08,160 Speaker 2: I have it because now I don't have to go 611 00:30:08,240 --> 00:30:10,680 Speaker 2: into debt. Now I don't have to be, you know, 612 00:30:10,800 --> 00:30:13,040 Speaker 2: making decisions that I otherwise would have had to make 613 00:30:13,080 --> 00:30:16,200 Speaker 2: if I didn't have access to cash. So I'm glad 614 00:30:16,200 --> 00:30:18,959 Speaker 2: that it helped. That's a good place to leave it, Like, 615 00:30:19,120 --> 00:30:21,160 Speaker 2: set up your emergency fund. I don't care who you are, 616 00:30:21,200 --> 00:30:23,240 Speaker 2: what you do, what your plan is. If you don't 617 00:30:23,240 --> 00:30:25,560 Speaker 2: have an emergency fund, you are not putting future you 618 00:30:25,640 --> 00:30:29,280 Speaker 2: first money. Diarist I said before, this has been a 619 00:30:29,280 --> 00:30:31,920 Speaker 2: beautiful chat. I am blown away by how open and 620 00:30:32,000 --> 00:30:34,640 Speaker 2: honest you have been with us. I'm really really grateful 621 00:30:34,720 --> 00:30:36,720 Speaker 2: to be able to share a story like this with 622 00:30:37,040 --> 00:30:40,760 Speaker 2: our community, because I think it is so smart to 623 00:30:40,760 --> 00:30:43,760 Speaker 2: be able to learn through other people's experiences and go, wow, 624 00:30:43,800 --> 00:30:45,480 Speaker 2: this is really important. I do need to get my 625 00:30:45,520 --> 00:30:48,240 Speaker 2: stuff together. And just knowing that you and I sharing 626 00:30:48,320 --> 00:30:50,680 Speaker 2: this means that there are going to be a fair 627 00:30:50,760 --> 00:30:53,239 Speaker 2: few people that sought out their life insurance because of this. 628 00:30:53,440 --> 00:30:56,960 Speaker 2: I know that it's so impactful. So thank you for that, 629 00:30:57,160 --> 00:30:58,920 Speaker 2: and I can't wait to see where you are in 630 00:30:59,000 --> 00:31:01,600 Speaker 2: five ten years and you'll be thriving even more than 631 00:31:01,600 --> 00:31:02,360 Speaker 2: you already are. 632 00:31:03,160 --> 00:31:03,520 Speaker 3: Thank you. 633 00:31:10,000 --> 00:31:12,520 Speaker 2: The advice shared on She's on the Money is general 634 00:31:12,600 --> 00:31:16,440 Speaker 2: in nature and does not consider your individual circumstances. She's 635 00:31:16,480 --> 00:31:19,960 Speaker 2: on the Money exists purely for educational purposes and should 636 00:31:20,000 --> 00:31:23,160 Speaker 2: not be relied upon to make an investment or financial decision. 637 00:31:23,560 --> 00:31:26,000 Speaker 2: If you do choose to buy a financial product, read 638 00:31:26,000 --> 00:31:30,120 Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards 639 00:31:30,200 --> 00:31:33,480 Speaker 2: your needs. Victoria Divine and She's on the Money are 640 00:31:33,520 --> 00:31:38,560 Speaker 2: authorized representatives of money. Sheper Pty Ltd ABN three two 641 00:31:38,560 --> 00:31:42,520 Speaker 2: one six four nine two seven seven zero eight AFSL 642 00:31:42,680 --> 00:31:46,560 Speaker 2: four five one two eight nine