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

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Speaker 1: the Order KERNI Whoalbury and a waddery woman. And before

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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

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Speaker 4: Hello, and welcome to She's on the Money the podcast

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Speaker 4: Millennials who want financial freedom. Welcome back to another shop

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Speaker 4: back Money Diary Monday, where we get to chat to

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Speaker 4: a community member. I learn about their finances and their

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Speaker 4: life and all of the other fun bits as well.

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Speaker 4: Victoria Jessica, I have a story for you today, do

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Speaker 4: you I do surprise.

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Speaker 5: I came here not knowing what was going to happen,

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Speaker 5: and now you've got a story. All right, let me

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Speaker 5: tell you all about it.

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Speaker 4: So our diarist said, when I was sixteen my parents

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Speaker 4: went bankrupt and we lost everything we owned, which shaped

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Speaker 4: my entire relationship with money. My partner and I are

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Speaker 4: engaged in building a house, but it's always in the

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Speaker 4: back of my mind that we might lose everything. My

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Speaker 4: partner came from a low income background, and I'm proud

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Speaker 4: to say that I have helped him lift his financial

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Speaker 4: literacy too.

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Speaker 5: Also, how wholesome money Diarists. Welcome to the show.

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Speaker 2: Thank you so much.

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Speaker 5: Congrats on the house. That's so exciting.

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Speaker 2: It is very exciting.

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Speaker 5: We've got some questions about that, but let's dive straight in.

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Speaker 5: I want to know from you. Tell us a little

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Speaker 5: bit about your money story.

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Speaker 2: Yeah, of course. So the earliest memories I have around

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Speaker 2: money for myself is my parents living paycheck to paycheck.

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Speaker 2: So my parents had their own business. They worked really

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Speaker 2: hard and very long hours, but it was very hard

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Speaker 2: to manage for them. Hearing that they had no money.

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Speaker 2: It was very frequent occurrence in our household, and it

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Speaker 2: was a really big stressor in all of our lives.

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Speaker 2: They did have a business that went into involuntary administration,

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Speaker 2: which sent us bankrupt when I was sixteen, and that

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Speaker 2: took everything from us, our house our car. It was

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Speaker 2: really brutal, but that set my entire perception of money

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Speaker 2: up to be completely negative. I genuinely felt like there

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Speaker 2: was no way I'd ever be comfortable in life knowing

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Speaker 2: that they worked so hard and got nothing out of it.

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Speaker 2: Oh wow. So fast tracked about mid last year and

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Speaker 2: I was scrolling through Facebook and having to come across

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Speaker 2: the She's on the Money Facebook group. Hi welcome, Peach

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Speaker 2: branding kind of drew me in.

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Speaker 5: Oh good, good, it's my favorite.

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Speaker 2: Absolutely and yeah. So I started reading some posts and

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Speaker 2: I felt like I was missing out a lot of

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Speaker 2: cure information. So decided that to go back to episode

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Speaker 2: one and have listened every episode since to catch up.

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Speaker 5: Oh my gosh, have you actually yes?

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Speaker 2: Yeah. So I went through like a whole budget overhaul

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Speaker 2: and felt like I was starting to put myself in

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Speaker 2: a lot better a position. We had a hiccup earlier

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Speaker 2: this year when my dad felt very sick and ended

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Speaker 2: up in a coma. He's all good now, thank god

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Speaker 2: I had. But yeah, so that kind of I feel

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Speaker 2: like put me in a bit of a rut. So

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Speaker 2: I feel like I haven't gotten quite back on track

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Speaker 2: to that point since then. But look, they're getting.

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Speaker 5: There, you're on the way. Oh my gosh, what a

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Speaker 5: money story. I feel like you're really aware of your

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Speaker 5: own money story too, which is quite cool. Yeah, all right,

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Speaker 5: I want to know. I tried to ask you this

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Speaker 5: off air, but just shut it down real quick. What

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Speaker 5: do you do for work and how much money do

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Speaker 5: you earn?

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Speaker 2: Yeah? So I work in recruitment, which I think is

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Speaker 2: what Jess had previously done as well.

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Speaker 1: Well.

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Speaker 2: Yes, so, my annual salary is fifty two thousand plus

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Speaker 2: super and that brings in about sixteen hundred dollars a fortnight. However,

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Speaker 2: all of my finances are shared with my fiance, who

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Speaker 2: brings in around eighteen hundred dollars a four night as well.

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Speaker 5: Oh that's cool. I feel like that's a really good income.

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Speaker 5: Good work. Next question, I have what's your big money goal?

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Speaker 5: What are you currently working towards?

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Speaker 2: I kind of have three on the go three three,

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Speaker 2: my major one being emergency savings. I really need to

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Speaker 2: build that up and it's something we're working really hard towards.

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Speaker 2: I am, as mentioned earlier, building a house in my

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Speaker 2: partner at the moment, so trying to save up to

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Speaker 2: furnish that house because it will be our first house together,

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Speaker 2: both of us living out of home. And also again

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Speaker 2: as mentioned earlier, we are now engaged, so you can.

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Speaker 5: Garras, when's the wedding? Am I allowed to ask about it?

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Speaker 2: Of course, it's going to be April twenty twenty four.

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Speaker 2: We literally just got engaged.

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Speaker 5: Oh my gosh. All right, we'll ask about that later

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Speaker 5: in the show. Next question, do you have any investments so.

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Speaker 2: Aside from my superannuation? No, only because I really want

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Speaker 2: to invest, really do so bad, especially after listening to

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Speaker 2: the podcasts, Like I genuinely always thought it was just

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Speaker 2: a fever dream and was for rich people who knew

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Speaker 2: what they were doing their money. No, it's not, it's

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Speaker 2: not so ever since sort of educating myself with it,

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Speaker 2: I really want to so bad. But our focus is

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Speaker 2: getting our emergency saving set up first and then that

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Speaker 2: will come after.

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Speaker 5: Good. That's the plan. That's how it works, building a

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Speaker 5: strong financial house. I love it. Next question I have

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Speaker 5: do you currently have any debts?

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Speaker 2: Yeah, so we are obviously building a house, so currently

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Speaker 2: it's a weird building loan thing. So there are like

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Speaker 2: progress sort of stages where it adds on to more,

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Speaker 2: but that will be a five hundred thousand dollars loan

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Speaker 2: once construction is complete, so currently we're just doing interest

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Speaker 2: only repayments. We also have one other debt which we're

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Speaker 2: trying to get rid of, which is a joint car loan.

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Speaker 2: So myself and my partner got a car each a

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Speaker 2: few years back, so that's sitting at twenty seven thousand

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Speaker 2: at the moment for both cars.

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Speaker 5: Okay, cool. Next question I have for you? Do you

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Speaker 5: currently use shop back the app?

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Speaker 2: Yeah, groll it frequently.

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Speaker 1: Cool.

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Speaker 2: I have not yet for my first purchase, but I

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Speaker 2: know what I'm getting. I just haven't committed.

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Speaker 5: I love that. I feel like we should all put

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Speaker 5: more than twenty four hours between us and our spending.

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Speaker 5: So that's not a bad thing at all.

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Speaker 2: Absolutely.

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Speaker 5: Next question, my friend, is what is your best money habit?

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Speaker 2: One that I learned completely from She's on the Money

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Speaker 2: was putting time between me and my purchases.

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Speaker 5: Ohio, back like back exactly. You're walking the walk, not

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Speaker 5: just talking.

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Speaker 2: The talk precisely. So that's my best money habit for sure.

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Speaker 5: I love that alright. Flipping it though, what's your worst

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Speaker 5: money habit?

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Speaker 2: Yes? So I am horrible at sticking to a budget

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Speaker 2: when it comes to buying things for my family and friends.

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Speaker 5: I don't think that's bad, that's so kind.

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Speaker 2: Look it is, but gift giving is very much my

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Speaker 2: love language. I love to spoil my friends and family.

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Speaker 2: So set myself a budget, never ever stick to it,

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Speaker 2: and yeah, it's probably my worst app.

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Speaker 5: Oh god, all right. So if we forced you to

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Speaker 5: give yourself a grade when it came to your money habits,

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Speaker 5: what would you grade yourself?

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Speaker 2: I'd say a C. That's where I'm at right now?

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Speaker 5: What makes up that C? And what would it take

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Speaker 5: to get to an A?

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Speaker 2: My emergency savings being built up is one thing I

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Speaker 2: think if you'd asked me this time last year, i'd

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Speaker 2: probably say a bit higher. But I think since my

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Speaker 2: dad was sick, I went totally off track and I

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Speaker 2: need to redo my budget and cash flow and I

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Speaker 2: just keep putting it off and putting it off and

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Speaker 2: putting off because it stresses me out. And I think

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Speaker 2: once that's all sort of back in set in place,

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Speaker 2: it would get me a bit higher and investing would

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Speaker 2: get me to an eight.

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Speaker 5: Yeah cool. You mentioned just then your emergency account and

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Speaker 5: how you're building that up. Have you got a goal

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Speaker 5: number in mind. If so, what's that and why did

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Speaker 5: you pick that number?

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Speaker 2: Right now we are wanting to go around the ten

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Speaker 2: thousand dollar mark. Why that number? Couldn't really tell you.

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Speaker 2: It's just kind of what we became, Like, do you

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Speaker 2: know what that feels like? A safe amount? We have

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Speaker 2: two dogs. We want to be able to have enough

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Speaker 2: that if they have any emergency visit and it's just

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Speaker 2: there and easily attainable, and just anything happened with work,

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Speaker 2: we just wanted a little bit of a backup. Couldn't

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Speaker 2: tell you why we got to ten grand, but we did. No.

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Speaker 5: I love I love asking because everyone is obviously really different,

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Speaker 5: but the defining I guess similarity of literally everyone is like,

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Speaker 5: that's the number that made me feel comfortable. I don't

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Speaker 5: know how you all got to it. I don't know

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Speaker 5: what your process was, but it's always that's the number

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Speaker 5: that makes us feel snug. It's the number that makes

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Speaker 5: us feel like we can make decisions and we're not

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Speaker 5: going to find ourselves in a financial pickle. Exactly, all right,

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Speaker 5: money diarist, We're going to go to a quick break

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Speaker 5: and straight after I want to know a little bit

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Speaker 5: more about your family history don't go anywhere, guys, money diarist.

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Speaker 5: I'm gonna throw all the way back to the first

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Speaker 5: question we asked you at the start of the episode,

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Speaker 5: which was you know about your money story, and you

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Speaker 5: very clearly were able to articulate what had happened to

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Speaker 5: you and your family having gone through a bankruptcy. But

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Speaker 5: I would love to know a bit more about how

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Speaker 5: that guides the decisions that you make today or how

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Speaker 5: it's still impacting you, because I know that that's actually

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Speaker 5: quite significant, Like that's not a little thing to go through,

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Speaker 5: and it does leave a little bit of financial trauma

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Speaker 5: for most people. So you know, how's it impacting you now?

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Speaker 2: It really puts a damper on I feel like kind

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Speaker 2: of everything. It's just something that is always in the

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Speaker 2: back of my mind when we're going through our house

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Speaker 2: buying process, our mortgage broken. The whole way through, sort

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Speaker 2: of just kept reiterating you guys have enough to service

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Speaker 2: this loan, like it's absolutely fine, you meet the criteria,

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Speaker 2: you will be okay. But until we got the sort

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Speaker 2: of piece of paper in the mouth that says you've

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Speaker 2: been approved. If the whole time, I'm like, no, it's

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Speaker 2: being taken away from us, like this is never going

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Speaker 2: to happen. Yeah, it was something that definitely. It kind

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Speaker 2: of just puts a damper on all of the things

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Speaker 2: that should be fun. Yes, So it just kind of

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Speaker 2: makes it in general, just feel like things will be

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Speaker 2: taken away so quickly. My parents are such hard workers,

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Speaker 2: like my dad was working eighty hour weeks. It was

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Speaker 2: full on, next level crazy, and to sort of have

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Speaker 2: everything just ripped from their hands and just put us

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Speaker 2: back really to nothing, it just makes it feel like

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Speaker 2: it's hard to get somewhere. Getting any loans and the

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Speaker 2: debt that we went in for our cars. My partner

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Speaker 2: and I took out a personal loan for two cars

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Speaker 2: for us because I just don't have a way of

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Speaker 2: getting public transport where I live, there's no public transport.

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Speaker 2: We had both got really unreliable cars. We just kept

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Speaker 2: cycling through them, a thousand dollar cars here and there.

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Speaker 2: It just was never going to work. They were just

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Speaker 2: not messes and it was never good. So we needed

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Speaker 2: a car. And being able to commit to that and say, yeah,

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Speaker 2: I'm willing to go into a debt right now was

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Speaker 2: so difficult for me to do because I felt like

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Speaker 2: that's just going to just start the whole process of

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Speaker 2: us being put where they were.

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Speaker 5: Yeah, that must genuinely be so hard, because you obviously

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Speaker 5: want to put yourself ahead financially and make good decisions.

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Speaker 5: But at the same time, it's always in the back

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Speaker 5: of your mind to that, oh, like that could happen.

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Speaker 5: Should I even bother? Should I do this? Should I

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Speaker 5: do that? And I'm assuming it will at some point

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Speaker 5: once you get to the point when you're investing. Make

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Speaker 5: that a little bit more challenging than it might be

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Speaker 5: for anyone else, because you're like, oh, like the risk

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Speaker 5: feels a lot heavier than it might for other people

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Speaker 5: who have never gone through those circumstances. So it's always

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Speaker 5: really interesting to ask questions like that. I'm always like, oh,

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Speaker 5: how did that work? What does that mean? Because I've

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Speaker 5: met people as well who will say, oh, it doesn't

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Speaker 5: like that was theirs. I know how to avoid that,

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Speaker 5: and they're really confident. It's just like, wow, like the

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Speaker 5: same circumstance can lead to so many different outcomes and

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Speaker 5: way people, you know, organize things for themselves.

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Speaker 2: Yeah, definitely, No, I completely agree.

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Speaker 5: I want to pivot though I'm really self serving. Today

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Speaker 5: I'm getting married soon as well. I want to know

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Speaker 5: you said you were going to get married in twenty

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Speaker 5: twenty four. Have you discussed wedding budgets yet?

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Speaker 2: Very vaguely, only because I feel like I've just I

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Speaker 2: don't know how much a wedding costs, and I don't

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Speaker 2: want to set a really unrealistic budget that's way too

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Speaker 2: low that just isn't going to be feasible for what

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Speaker 2: we want to do. So I'm kind of in the

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Speaker 2: process of researching that sort of venues that we'd like

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Speaker 2: and things that we would really want to have as

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Speaker 2: a part of our wedding, and how much that would

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Speaker 2: cost to give us an accurate budget to work towards.

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Speaker 5: So you're having good, open, honest conversations about it, or

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Speaker 5: I guess, are you on the same page?

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Speaker 2: Yes, Yes, I think we are. I think we are

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Speaker 2: good at being on the same page with these sorts

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Speaker 2: of things typically, but absolutely open and honest communication. We're

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Speaker 2: both sort of going through research together and really sort

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Speaker 2: of discussing what's super important for me and what's super

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Speaker 2: important for my fiance to sort of, yeah, get to

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Speaker 2: the final details of what we have to have and

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Speaker 2: what is negotiable to make a budget work. We just

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Speaker 2: don't want to sort of throw out a random figure

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Speaker 2: and say this is our budget and then start going

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Speaker 2: over and over because we haven't researched it.

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Speaker 5: Probably just going to call myself out here, and that's

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Speaker 5: what I did. I was like, Oh, I've seen all

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Speaker 5: my clients, you know, have weddings. I'm obviously a financial advisor.

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Speaker 5: I'm really lucky that when I got engaged, ah if

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Speaker 5: people in our community reached out and they're like, oh

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Speaker 5: my god, Victoria, this is how much I spent and this,

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Speaker 5: this and this, and so my partner and I picked

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Speaker 5: a budget that we thought would work really well, but

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Speaker 5: we hadn't broken it down, and we also had not

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Speaker 5: talked about our values enough. I was just like, Oh,

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Speaker 5: that's heaps of money. That'll be right, Not right, no, right,

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Speaker 5: weddings are expensive. Yeah, I feel like your process is

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Speaker 5: probably going to be far better than mine because I

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Speaker 5: was shocked at how expensive things can be. And I'm

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Speaker 5: not saying they're overpriced. I think I just hadn't ever

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Speaker 5: conceptualized things like flowers and you know, we're not doing it,

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Speaker 5: but cutlery higher. I was like, that's a thing people

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Speaker 5: higher cutlery. It's crazy. So I'm always interested to hear

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Speaker 5: what other people's thought processes are around that because it's

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Speaker 5: stressful as well.

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Speaker 2: Because it is very stressful, there's definitely a ton of

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Speaker 2: things that I never would have even concerned that that

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Speaker 2: very much require. But I'm very lucky that we've got

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Speaker 2: a very good friend who has recently been married, So

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Speaker 2: she's helping me a lot along the way of being like, hey,

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Speaker 2: have you considered this? It's going to come up.

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Speaker 5: How good? I love that you've got someone on your team.

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Speaker 4: How did you go about juggling between you know, you've

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Speaker 4: got your three goals that you mentioned earlier, obviously the

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Speaker 4: wedding and the house, your emergency fund. How did you

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Speaker 4: figure out how to prioritize you know, which of those

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Speaker 4: goals you want to achieve fastest, or how much money

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Speaker 4: you're allocating to each of those things, because they're all,

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Speaker 4: I would say, relatively short term goals, like you're building

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Speaker 4: the house now, your wedding's in a couple of years.

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Speaker 4: How did you figure it all out?

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Speaker 2: Is it bad to say I haven't really?

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Speaker 5: No, that's honest.

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Speaker 2: Look I don't know. I feel like I just sort

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Speaker 2: of sat down and said, Okay, these are the things

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Speaker 2: that we need to work on. Let's just make sure

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Speaker 2: that they're all happening. I think emergency savings is our

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Speaker 2: top priority based on the fact that we have two

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Speaker 2: dogs then my little babies, so I just really need

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Speaker 2: to make sure that they are always all cared for

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Speaker 2: and if anything were to go wrong, I want them

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Speaker 2: to be okay. Obviously, the work that my partner and

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Speaker 2: I do is quite stable all throughout COVID that both

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Speaker 2: my partner and I have jobs that are very much

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Speaker 2: stable and we can do throughout the pandemic, and we

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Speaker 2: never lost employment, which we are so privileged to say.

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Speaker 2: We know that it was very hard for a lot

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Speaker 2: of people, but we were very very lucky. So our

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Speaker 2: employment being quite stable was something that meant that our

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Speaker 2: priority is more so light in making sure our pets

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Speaker 2: were okay. If our cars were to break down, which

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Speaker 2: were our sole means of getting absolutely anywhere, that we

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Speaker 2: would have the ability to do that. So that's why

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Speaker 2: our emergency savings was first. House and wedding. Wedding is

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Speaker 2: something that, as horrible as it would be, if we

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Speaker 2: had to push it back, it could get pushed back

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Speaker 2: it's not going to be the end of the world

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Speaker 2: and our house. We kind of put that in the

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Speaker 2: middle just because it's going to come up earlier than

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Speaker 2: the wedding. But also we're going to need a bed,

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Speaker 2: We're going to need a cat. It's probably gonna also

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Speaker 2: need a fridge. Like, it's just basic things that, yeah,

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Speaker 2: we feel like it's probably gonna be required to live.

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Speaker 5: Yeah, but it's all things that need to be taken

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Speaker 5: into consideration, right, and they can start adding up and

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Speaker 5: feel all consuming and overwhelming. I want to go back

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Speaker 5: to the wedding conversation. Jess. Sorry, sorry you got engaged recently.

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Speaker 5: That's one so fun one. How did you ask? In

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Speaker 5: a nutshell, Jess is going to kill me for not

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Speaker 5: asking fin next questions.

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Speaker 2: It's fine. In a nutshell. I thought I was surprising

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Speaker 2: him with the puppy of his dreams. He's always wanted

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Speaker 2: a Bernie's Mountain dog.

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Speaker 5: Oh my gosh, I've always wanted a Bernie's Mountain Dog.

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Speaker 2: I have one now.

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Speaker 1: Oh so cute.

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Speaker 2: I thought I was surprising him with, Yeah, the Bernie's

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Speaker 2: Mountain Dog, puppy of his dreams. We were driving there.

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Speaker 2: He took a wrong turn turns out my best friends

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Speaker 2: had told him I was surprising him with this stubby

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Speaker 2: and instead we showed up with a giant box with

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Speaker 2: a bowl on it and a massive picnic setup, and

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Speaker 2: she was in the box and it was so useful. Yeah,

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Speaker 2: it was the most exciting thing ever and bore my

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Speaker 2: eyes up very long time.

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Speaker 5: Oh my gosh, So you didn't know your proposal was

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Speaker 5: coming at all?

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Speaker 2: No, I had no inkling, which shocked me to my

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Speaker 2: core because my partner cannot keep a secret to save

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Speaker 2: his life.

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Speaker 5: Oh so that's what I'm trying to get too. How

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Speaker 5: did you guys pay for the ring?

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Speaker 1: Like?

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Speaker 5: How well, that happened exactly.

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Speaker 2: So all of our funds are shared, which is why

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Speaker 2: I didn't see it coming. He had asked me one week, Hey,

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Speaker 2: can I just give my mom and dad a hand

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Speaker 2: with some rent money? I was like, yeah, of course,

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Speaker 2: So he took it out of the savings. It was

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00:17:38,400 --> 00:17:42,720
Speaker 2: only like three hundred dollars snyear, So three hundred dollars

381
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Speaker 2: is a cat wrote rent money on the description, and

382
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Speaker 2: then that was his deposit for the ring, and it

383
00:17:48,640 --> 00:17:50,800
Speaker 2: was being custom made, so he didn't have to pay

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Speaker 2: the last part of it. Until it was finished. So

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Speaker 2: he reached out to my best friend. He's like, look,

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Speaker 2: this is a massive ask. Can you pay for it

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Speaker 2: the day that I propose, I'm going to pay it

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Speaker 2: back to you. I just don't want it to come

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Speaker 2: out of our account. Oh I love that, And she's

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Speaker 2: so beautiful, and she said, of course I can, and

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Speaker 2: I bought her eyes up the whole time speaking to

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Speaker 2: him as well. She's very excited. Yeah, so she paid

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Speaker 2: for it, and then as soon as he proposed, we

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Speaker 2: just transferred it over so I didn't see anything.

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Speaker 5: Oh my gosh, that's a good way to keep a

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Speaker 5: secret if you've got someone on your team. Yes, I

397
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Speaker 5: wouldn't have even known. Jess, what questions have you got.

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Speaker 5: I'm sure that they're better than mine.

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Speaker 4: Your partner sounds like such a dream. And I love

400
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Speaker 4: how you said in your right into us that you

401
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Speaker 4: were helping to kind of lift his level of financial literacy.

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Speaker 4: We love to see it, first of all, but I

403
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Speaker 4: wanted to know how are you going about that, because

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Speaker 4: we've spoken to people in the past when there's been

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Speaker 4: discrepancies in people's levels of financial literacy, which is so

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Speaker 4: okay because we all, you know, we get what we get,

407
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Speaker 4: and we do the best we can with what we have.

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Speaker 4: But sometimes people can be a little bit resistant because

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Speaker 4: it makes them feel like they weren't as educated or

410
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Speaker 4: you know, it can make people feel lesser than sometimes

411
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Speaker 4: when they have to learn something from someone that they

412
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Speaker 4: know personally. How have you guys gone through that? Is

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Speaker 4: he receptive? Have he had to be conscious of certain things?

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Speaker 4: What does that look like for you guys?

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Speaker 2: I think the very first time I approach him about

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Speaker 2: sort of helping him learn something it was actually investment related.

417
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Speaker 2: He was a little apprehensive, definitely on the side of

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Speaker 2: I don't want to feel like you're telling me what

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Speaker 2: I don't know, something like in the sense of not

420
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Speaker 2: in a territorial kind of way, but more so like

421
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Speaker 2: do you think I don't know what I'm doing? Like?

422
00:19:35,720 --> 00:19:37,800
Speaker 2: Do you think I don't have an idea? He definitely

423
00:19:37,920 --> 00:19:40,320
Speaker 2: knew more than I did before I even started listening

424
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Speaker 2: to the podcast, And when I asked him to start

425
00:19:43,480 --> 00:19:45,760
Speaker 2: doing it, I sent him a podcast link and said, hey,

426
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Speaker 2: I want you to listen to this purely based on

427
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Speaker 2: I want you to be on the same understanding of

428
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Speaker 2: I am. I want you to look at it the

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Speaker 2: same way that I'm looking at it and teach me

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Speaker 2: what I'm missing? What did you not hear in this

431
00:19:57,200 --> 00:19:59,399
Speaker 2: that you know? And we sort of came at it

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Speaker 2: and more of like a team way and saying that, Hey,

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Speaker 2: let's brainstorm and mind at this together and work out

434
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Speaker 2: what you have that I don't.

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Speaker 5: Who are you guys? Your wizards?

436
00:20:09,520 --> 00:20:11,080
Speaker 2: Yeah, he's brilliant. I love him.

437
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Speaker 5: We love him too.

438
00:20:13,680 --> 00:20:17,320
Speaker 2: He's very smart. Yeah, very receptive to anything. And I

439
00:20:17,359 --> 00:20:20,280
Speaker 2: think as well, he came from a very low income

440
00:20:20,320 --> 00:20:24,560
Speaker 2: household as well, so he was very receptive to learning

441
00:20:24,600 --> 00:20:25,879
Speaker 2: more if it was going to put us in a

442
00:20:25,880 --> 00:20:28,840
Speaker 2: better position. Call. He's on board. Once I sort of

443
00:20:28,880 --> 00:20:31,600
Speaker 2: explained I'm listening to this because I want us to

444
00:20:31,600 --> 00:20:33,320
Speaker 2: be in a good spot. I want to invest, I

445
00:20:33,359 --> 00:20:37,880
Speaker 2: want to understand money and how it all works. He's like, yeah, cool,

446
00:20:37,960 --> 00:20:39,760
Speaker 2: I'm on board whatever you want to do.

447
00:20:39,920 --> 00:20:42,760
Speaker 5: What a honey. I actually adore that you're just on

448
00:20:42,800 --> 00:20:46,280
Speaker 5: the same page about that stuff, because so many people aren't,

449
00:20:46,880 --> 00:20:50,119
Speaker 5: or so many people are just really apprehensive because they

450
00:20:50,119 --> 00:20:52,800
Speaker 5: think the conversations are too hard to have, or they

451
00:20:52,840 --> 00:20:55,440
Speaker 5: feel overwhelming, or they just you know, it never feels

452
00:20:55,480 --> 00:20:57,560
Speaker 5: like the right time so I just I'm loving this

453
00:20:57,640 --> 00:20:59,440
Speaker 5: conversation of like, oh, no, we're on the same page.

454
00:20:59,440 --> 00:21:01,040
Speaker 5: I made him listen this podcast, and now we're on

455
00:21:01,080 --> 00:21:02,800
Speaker 5: the same page and we have these chats like that's

456
00:21:02,840 --> 00:21:06,920
Speaker 5: so good. I want that for everybody very privileged. I

457
00:21:07,040 --> 00:21:10,400
Speaker 5: definitely understand that not everyone's as lucky, and I'm very,

458
00:21:10,480 --> 00:21:13,040
Speaker 5: very very lucky that I am. No, it is very

459
00:21:13,160 --> 00:21:13,720
Speaker 5: very cool.

460
00:21:14,119 --> 00:21:17,000
Speaker 4: One last question from me, and now it's my turn

461
00:21:17,040 --> 00:21:19,800
Speaker 4: to be a little bit self serving. You're building a house.

462
00:21:20,280 --> 00:21:22,280
Speaker 5: What process looked like for you?

463
00:21:22,359 --> 00:21:25,280
Speaker 4: How did you decide to build rather than purchasing something

464
00:21:25,320 --> 00:21:26,600
Speaker 4: that was established.

465
00:21:27,480 --> 00:21:31,119
Speaker 2: I think one of the major things is that my

466
00:21:31,240 --> 00:21:34,520
Speaker 2: partner came from a low income household. I came from

467
00:21:34,680 --> 00:21:38,520
Speaker 2: a very rocky financial household. We never had the brand

468
00:21:38,520 --> 00:21:41,679
Speaker 2: new house, We never had the exciting new finishes like

469
00:21:42,080 --> 00:21:43,800
Speaker 2: what we had dreamt of. That was never a thing

470
00:21:43,800 --> 00:21:47,359
Speaker 2: in either of our lives. So, apart from the fact

471
00:21:47,400 --> 00:21:50,440
Speaker 2: that prices were going sky high, when we were looking

472
00:21:50,520 --> 00:21:54,560
Speaker 2: at buying or building with established homes, we seemed to

473
00:21:55,320 --> 00:21:57,840
Speaker 2: find that it was staying a little bit more consistent

474
00:21:57,920 --> 00:22:01,520
Speaker 2: with building. So that was the first indicator for us

475
00:22:01,520 --> 00:22:04,639
Speaker 2: to start leaning towards building over being established. But I

476
00:22:04,680 --> 00:22:08,040
Speaker 2: think the major kicker was definitely we want the house

477
00:22:08,119 --> 00:22:11,360
Speaker 2: that's the brand new, the shiny, the everything that we

478
00:22:11,440 --> 00:22:15,119
Speaker 2: picked that's perfect for us compared to something that was

479
00:22:15,119 --> 00:22:17,160
Speaker 2: made for someone else and we're just sort of fitting

480
00:22:17,240 --> 00:22:17,679
Speaker 2: into it.

481
00:22:17,960 --> 00:22:20,560
Speaker 4: How did you find the process of picking everything out,

482
00:22:20,600 --> 00:22:23,040
Speaker 4: like if you wanted it to be exactly yours? Did

483
00:22:23,080 --> 00:22:24,879
Speaker 4: you have a lot of fun and picking your finishes?

484
00:22:25,040 --> 00:22:27,880
Speaker 4: And I always think about how you know how when

485
00:22:27,920 --> 00:22:30,480
Speaker 4: you build there's tears so you can get like your

486
00:22:30,520 --> 00:22:35,000
Speaker 4: standard door handles or your did you find that there

487
00:22:35,040 --> 00:22:38,040
Speaker 4: are a lot of those? And did it eat into

488
00:22:38,080 --> 00:22:40,520
Speaker 4: your budget? Like did you find it hard to? I

489
00:22:40,520 --> 00:22:42,280
Speaker 4: guess balance what you want? It would be me what

490
00:22:42,359 --> 00:22:45,240
Speaker 4: you could afford, because give me all the shiny things, please, Yeah,

491
00:22:45,240 --> 00:22:46,200
Speaker 4: that would be me as well.

492
00:22:46,560 --> 00:22:51,320
Speaker 2: Exactly. I think we went in presuming, well, we were

493
00:22:51,359 --> 00:22:54,159
Speaker 2: told that to expect to spend about thirty grand on upgrades,

494
00:22:54,160 --> 00:22:56,399
Speaker 2: because that includes things like you're air conditioning, you're flooring,

495
00:22:56,480 --> 00:22:59,200
Speaker 2: everything like that that's not included in our base quote.

496
00:22:59,359 --> 00:23:01,679
Speaker 2: So we went in with that idea that it was

497
00:23:01,680 --> 00:23:04,440
Speaker 2: going to be about thirty grand. When we went in,

498
00:23:05,200 --> 00:23:07,439
Speaker 2: we tried as best we could stick to that budget

499
00:23:07,440 --> 00:23:09,359
Speaker 2: and came in t ten grand on us, So we

500
00:23:09,400 --> 00:23:11,040
Speaker 2: spent twenty grand at selections.

501
00:23:11,160 --> 00:23:12,000
Speaker 5: Oh my gosh.

502
00:23:12,040 --> 00:23:14,600
Speaker 2: We picked a builder that had a lot of good

503
00:23:14,760 --> 00:23:18,000
Speaker 2: standard inclusions that were what we knew we would want

504
00:23:18,000 --> 00:23:21,040
Speaker 2: to pick. So when choosing our builders, we found some

505
00:23:21,200 --> 00:23:25,280
Speaker 2: had very limited standard inclusions that were just completely opposite

506
00:23:25,320 --> 00:23:27,879
Speaker 2: style of what we would want anyway, and that we

507
00:23:27,880 --> 00:23:29,639
Speaker 2: would have to spend a lot upgrading to get what

508
00:23:29,680 --> 00:23:32,640
Speaker 2: we want. So we went with someone that had good

509
00:23:32,640 --> 00:23:37,280
Speaker 2: standard inclusions, went and looked at their Discovery sales centers

510
00:23:37,359 --> 00:23:40,040
Speaker 2: as well, so you can look at your options for

511
00:23:40,080 --> 00:23:42,439
Speaker 2: selections before you even picked your builder. At a lot

512
00:23:42,440 --> 00:23:44,840
Speaker 2: of builders, so we did that and picked one that

513
00:23:44,880 --> 00:23:46,560
Speaker 2: we were like, yeah, this is where we want to go.

514
00:23:47,160 --> 00:23:50,280
Speaker 2: Enjoyed the process so much, designing that sort of stuff

515
00:23:50,359 --> 00:23:53,040
Speaker 2: and picking all the finishings for the home was Yeah,

516
00:23:53,119 --> 00:23:55,600
Speaker 2: the most exciting part was amazing.

517
00:23:55,960 --> 00:23:59,080
Speaker 5: Jess is just like taking notes. It was running down

518
00:23:59,080 --> 00:24:04,479
Speaker 5: a Discovery sales She's like, I'm going to google that later.

519
00:24:05,119 --> 00:24:08,200
Speaker 5: Where do you want to come? Oh my gosh, how

520
00:24:08,280 --> 00:24:10,800
Speaker 5: exciting though that you're building your own home. Did you

521
00:24:10,880 --> 00:24:13,359
Speaker 5: ever think that that was going to become the reality

522
00:24:13,440 --> 00:24:13,639
Speaker 5: for you.

523
00:24:14,080 --> 00:24:18,040
Speaker 2: Never, not even in my wireless dreams. I just entirely

524
00:24:18,920 --> 00:24:22,480
Speaker 2: felt like if I am not working the eighty hours

525
00:24:22,480 --> 00:24:24,879
Speaker 2: my dad did, how would I ever have a chance

526
00:24:25,000 --> 00:24:27,600
Speaker 2: like this is not ever going to happen for us.

527
00:24:28,280 --> 00:24:31,280
Speaker 2: My partner was also not learning a lot of money

528
00:24:31,320 --> 00:24:33,640
Speaker 2: when we first got together. We got together eight years ago.

529
00:24:34,160 --> 00:24:37,120
Speaker 2: I was fourteen, he was sixteen. Oh my gosh, baby

530
00:24:37,680 --> 00:24:41,400
Speaker 2: little babies. So when we got together we both worked

531
00:24:41,440 --> 00:24:45,520
Speaker 2: in Maccis. It was good. It was nothing that was

532
00:24:45,560 --> 00:24:47,120
Speaker 2: ever going to set us up to build a house,

533
00:24:47,240 --> 00:24:50,760
Speaker 2: and to be where we are right now is insane,

534
00:24:50,960 --> 00:24:53,160
Speaker 2: never ever ever expected to be in this point.

535
00:24:53,280 --> 00:24:55,480
Speaker 5: Oh my gosh, I am so proud of you. Look

536
00:24:55,480 --> 00:24:56,080
Speaker 5: what you did.

537
00:24:56,200 --> 00:24:57,159
Speaker 2: How exciting me?

538
00:24:57,240 --> 00:25:01,560
Speaker 5: Is that? What a queen? Oh my gosh, but Jess,

539
00:25:01,680 --> 00:25:04,120
Speaker 5: I think we're out of time. Money Dores, thank you

540
00:25:04,240 --> 00:25:06,960
Speaker 5: so much for joining us. It has been an absolute

541
00:25:06,960 --> 00:25:09,439
Speaker 5: pleasure hanging out with you and learning about your money story.

542
00:25:09,720 --> 00:25:12,119
Speaker 2: Thank you so much for having me. I have had

543
00:25:12,400 --> 00:25:13,320
Speaker 2: a wonderful time.

544
00:25:13,440 --> 00:25:16,560
Speaker 5: Oh my gosh, All right, yes it is time. Can

545
00:25:16,600 --> 00:25:19,119
Speaker 5: you rab the boring but important stuff pretty please?

546
00:25:19,320 --> 00:25:21,879
Speaker 4: Yes? Guys, don't forget the advice. Sheared on She's on

547
00:25:21,920 --> 00:25:24,119
Speaker 4: the Money is general in nature and does not consider

548
00:25:24,160 --> 00:25:27,520
Speaker 4: your individual circumstances. She's on the Money exists purely for

549
00:25:27,680 --> 00:25:30,159
Speaker 4: educational purposes and should not be relied upon to make

550
00:25:30,200 --> 00:25:33,520
Speaker 4: an investment or a financial decision. And we promise Victoria

551
00:25:33,560 --> 00:25:36,399
Speaker 4: divine and She's on the Money are authorized representatives of

552
00:25:36,480 --> 00:25:40,840
Speaker 4: InFocus Securities Australia Proprietary Limited ABN four seven oh nine

553
00:25:40,880 --> 00:25:43,840
Speaker 4: seven seven ninety seven oh fort nine AFSL two three

554
00:25:43,920 --> 00:25:45,000
Speaker 4: six five two three.

555
00:25:45,040 --> 00:25:51,920
Speaker 5: See you on Wednesday. Guys, Bye,