1
00:00:00,680 --> 00:00:01,080
Speaker 1: Hello.

2
00:00:01,560 --> 00:00:05,400
Speaker 2: My name's Satasha Nabananga Bamblet. I'm a proud Order Order

3
00:00:05,559 --> 00:00:08,960
Speaker 2: Kerni Whoalbury and a waddery woman. And before we get

4
00:00:09,000 --> 00:00:11,600
Speaker 2: started on She's on the Money podcast, I would like

5
00:00:11,640 --> 00:00:14,800
Speaker 2: to acknowledge the traditional custodians of the land of which

6
00:00:14,840 --> 00:00:19,320
Speaker 2: this podcast is recorded on a wondery country, acknowledging the elders,

7
00:00:19,360 --> 00:00:23,319
Speaker 2: the ancestors and the next generation coming through as this

8
00:00:23,400 --> 00:00:28,080
Speaker 2: podcast is about connecting, empowering, knowledge sharing and the storytelling

9
00:00:28,400 --> 00:00:31,640
Speaker 2: of you to make a difference for today and lasting

10
00:00:31,680 --> 00:00:34,200
Speaker 2: impact for tomorrow. Let's get into it.

11
00:00:34,360 --> 00:00:36,120
Speaker 1: She's on the Money.

12
00:00:36,280 --> 00:00:53,640
Speaker 3: She's on the Money.

13
00:00:57,280 --> 00:01:00,480
Speaker 4: Hello, and welcome to She's on the Money podcast for

14
00:01:00,520 --> 00:01:04,440
Speaker 4: millennials who want financial freedom. Guys, welcome back to another

15
00:01:04,520 --> 00:01:07,560
Speaker 4: episode of Money Daries, where I get the absolute privilege

16
00:01:07,600 --> 00:01:09,240
Speaker 4: of sitting down with one of our She's on the

17
00:01:09,240 --> 00:01:11,640
Speaker 4: Money community members and talking to them.

18
00:01:11,600 --> 00:01:13,080
Speaker 1: All about their journey.

19
00:01:13,640 --> 00:01:16,480
Speaker 4: Now, this week, we got a message and I would

20
00:01:16,520 --> 00:01:18,800
Speaker 4: like to read it out to you. Hi, She's on

21
00:01:18,840 --> 00:01:22,120
Speaker 4: the Money. I am twenty eight working over one hundred

22
00:01:22,200 --> 00:01:25,200
Speaker 4: hours per week in a niche safety role in the

23
00:01:25,280 --> 00:01:28,880
Speaker 4: minds and I'm earning over one hundred and eighty seven

24
00:01:28,920 --> 00:01:32,440
Speaker 4: thousand dollars. I'm the first out of seven to graduate

25
00:01:32,480 --> 00:01:35,360
Speaker 4: with a degree and earning more than anyone in my family.

26
00:01:35,720 --> 00:01:38,280
Speaker 4: It's safe to say I'm pretty hard on myself, and

27
00:01:38,360 --> 00:01:40,679
Speaker 4: while I know I can't keep this pace up forever,

28
00:01:41,160 --> 00:01:43,800
Speaker 4: I'm really passionate about my team and the change I'm

29
00:01:43,840 --> 00:01:46,640
Speaker 4: making in my workplace for the better. I'm such a

30
00:01:46,680 --> 00:01:49,120
Speaker 4: fan of the show, and you've definitely helped me along

31
00:01:49,120 --> 00:01:52,520
Speaker 4: my journey to get where I am. Money Virus, welcome

32
00:01:52,520 --> 00:01:53,200
Speaker 4: to the show.

33
00:01:53,600 --> 00:01:55,920
Speaker 5: Thanks for having me, so lovely to meet you.

34
00:01:56,200 --> 00:01:59,600
Speaker 4: No, thanks for writing in. I'm so excited about this

35
00:01:59,720 --> 00:02:02,440
Speaker 4: because it's just such a fancy role, but also, like girl,

36
00:02:02,440 --> 00:02:04,920
Speaker 4: one hundred hours a week, I would simply pass away.

37
00:02:05,720 --> 00:02:09,240
Speaker 5: Yes, well it works out to be about ninety six hours.

38
00:02:09,440 --> 00:02:12,360
Speaker 4: Oh okay, Well in that case, what are you complaining about?

39
00:02:13,560 --> 00:02:16,119
Speaker 5: But I also work eight days on and then six

40
00:02:16,200 --> 00:02:18,880
Speaker 5: days off, so I do get a break in the month.

41
00:02:19,000 --> 00:02:21,040
Speaker 5: But yes, you do come home pretty tired.

42
00:02:21,240 --> 00:02:23,600
Speaker 4: So how many hours each day are you working?

43
00:02:23,680 --> 00:02:23,800
Speaker 5: Like?

44
00:02:23,840 --> 00:02:25,560
Speaker 1: What time are you getting up and going to bed?

45
00:02:25,680 --> 00:02:29,280
Speaker 5: So I get up at four thirty ew, David da

46
00:02:29,919 --> 00:02:31,760
Speaker 5: There are people on my site they get up at

47
00:02:31,840 --> 00:02:34,600
Speaker 5: three thirty and go to the gym morning and night.

48
00:02:34,919 --> 00:02:35,960
Speaker 1: Absolutely not.

49
00:02:37,440 --> 00:02:40,360
Speaker 5: I feel like I'm privileged, have a sleep in, and

50
00:02:40,360 --> 00:02:43,919
Speaker 5: then I get home at either five p thirty five

51
00:02:44,080 --> 00:02:48,480
Speaker 5: forty five, or sometimes six thirty. So yeah, long days.

52
00:02:48,720 --> 00:02:50,880
Speaker 1: Oh my gosh, those are long days.

53
00:02:50,960 --> 00:02:53,320
Speaker 4: Let's dive into the questions, though, because I just have

54
00:02:53,960 --> 00:02:56,280
Speaker 4: so many things I want to ask you, but I

55
00:02:56,320 --> 00:02:59,840
Speaker 4: want to keep the ball rolling. So money Diarist, first question,

56
00:03:00,360 --> 00:03:02,280
Speaker 4: what grade would you give your money habits if I

57
00:03:02,320 --> 00:03:04,400
Speaker 4: asked you to give them a grade from eight through

58
00:03:04,440 --> 00:03:04,960
Speaker 4: to F.

59
00:03:05,760 --> 00:03:08,840
Speaker 5: So I've thought about this question long and hard, but

60
00:03:08,919 --> 00:03:11,919
Speaker 5: I think it's fair to say I would give myself

61
00:03:11,960 --> 00:03:12,960
Speaker 5: a C plus.

62
00:03:13,360 --> 00:03:14,880
Speaker 1: A C plus.

63
00:03:15,120 --> 00:03:18,440
Speaker 5: Yes, I do have some good habits, but I really

64
00:03:18,480 --> 00:03:22,799
Speaker 5: started off with basically nothing, and I am halfway there.

65
00:03:22,880 --> 00:03:24,639
Speaker 5: I feel like I've still got some room to go.

66
00:03:25,000 --> 00:03:28,400
Speaker 4: All right, let's learn more about that money Diarist. Can

67
00:03:28,440 --> 00:03:30,840
Speaker 4: you tell me a bit more about your money story.

68
00:03:31,120 --> 00:03:33,280
Speaker 5: Originally, I grew up on a farm. I was one

69
00:03:33,320 --> 00:03:37,760
Speaker 5: of seven kids. Things were pretty good. Like with our

70
00:03:37,800 --> 00:03:40,840
Speaker 5: home life. We got to buy whatever we wanted. We

71
00:03:40,920 --> 00:03:44,040
Speaker 5: went to the nearest city, which was five hundred commoners away,

72
00:03:44,200 --> 00:03:47,440
Speaker 5: and could pick out whatever we wanted. There was no budget,

73
00:03:47,600 --> 00:03:50,480
Speaker 5: and there was not really many no's at that time.

74
00:03:51,000 --> 00:03:56,760
Speaker 5: My parents owned two businesses and a farm and two houses.

75
00:03:56,360 --> 00:04:01,000
Speaker 4: And seven kids. Yeah, my gosh, they were busy bee yeah.

76
00:04:01,040 --> 00:04:03,720
Speaker 5: And then there was no really any issues. We were

77
00:04:03,720 --> 00:04:06,080
Speaker 5: never taught about money. I just knew we had quite

78
00:04:06,120 --> 00:04:09,240
Speaker 5: a bit. We were doing not too bad. And then

79
00:04:09,920 --> 00:04:12,120
Speaker 5: it was time to move to the nearest city to

80
00:04:12,200 --> 00:04:16,480
Speaker 5: go to high school. And then I noticed Mum and dad.

81
00:04:16,800 --> 00:04:20,560
Speaker 5: There was a bit of a shift in dynamic, as

82
00:04:20,600 --> 00:04:23,320
Speaker 5: in I didn't really see my dad as much. They

83
00:04:23,320 --> 00:04:25,880
Speaker 5: were still together, but he stayed on the farm and

84
00:04:25,880 --> 00:04:30,400
Speaker 5: me and the girls moved to the nearest city. Were

85
00:04:30,400 --> 00:04:33,440
Speaker 5: actually going through a massive drought and the business wasn't

86
00:04:33,440 --> 00:04:37,960
Speaker 5: doing too well at all, so we ended up having

87
00:04:38,000 --> 00:04:42,000
Speaker 5: to sell our farm and move from the farmhouse and

88
00:04:42,640 --> 00:04:45,760
Speaker 5: sell one of the houses we owned. And then I

89
00:04:45,839 --> 00:04:49,640
Speaker 5: noticed more of a shift and my parents actually split up.

90
00:04:50,680 --> 00:04:53,480
Speaker 5: Myself and my two other younger sisters, and the older

91
00:04:53,560 --> 00:04:57,200
Speaker 5: sister moved into a rental with my mum. Things were

92
00:04:57,360 --> 00:05:00,680
Speaker 5: quite tough. I did notice a massive shift in our

93
00:05:00,760 --> 00:05:03,680
Speaker 5: spending and Mum was always saying, we can't afford this,

94
00:05:03,960 --> 00:05:06,520
Speaker 5: so you have to ride your bike, and it was

95
00:05:06,640 --> 00:05:10,919
Speaker 5: quite different to what we knew. I went to university

96
00:05:11,240 --> 00:05:14,160
Speaker 5: by myself. I drove up in my car by myself.

97
00:05:14,240 --> 00:05:17,359
Speaker 5: I knew I wanted to better myself. Then I was

98
00:05:17,400 --> 00:05:20,160
Speaker 5: living off sometimes twenty dollars a week. I would spend

99
00:05:20,240 --> 00:05:22,479
Speaker 5: all my money on going out. I think it was

100
00:05:22,520 --> 00:05:26,680
Speaker 5: more like a self sabotage type ideal. I had no money,

101
00:05:26,720 --> 00:05:29,680
Speaker 5: so whatever, I'd just spend it if I did have it.

102
00:05:30,120 --> 00:05:33,000
Speaker 4: But isn't it wild now that you're earning so much?

103
00:05:33,080 --> 00:05:35,440
Speaker 4: So we know you earn one hundred and eighty seven thousand,

104
00:05:35,960 --> 00:05:38,719
Speaker 4: like the amount of money that it takes nowadays to

105
00:05:38,760 --> 00:05:40,719
Speaker 4: have a good time. But how on earth did we

106
00:05:40,800 --> 00:05:42,839
Speaker 4: exist on twenty bucks a week and still have a

107
00:05:42,839 --> 00:05:47,480
Speaker 4: great time and go out and somehow return very inebriated?

108
00:05:47,960 --> 00:05:52,599
Speaker 5: Like how I would sneak a lot of alcohol into clubs.

109
00:05:52,880 --> 00:05:56,400
Speaker 5: There would be a lot of house parties through Uni. Yeah,

110
00:05:56,440 --> 00:05:59,000
Speaker 5: we kind of just made it work. My friends weren't

111
00:05:59,000 --> 00:06:02,160
Speaker 5: the type to spend big or anything, so if we

112
00:06:02,200 --> 00:06:04,120
Speaker 5: wanted a good time, would just kind of try and

113
00:06:04,160 --> 00:06:07,400
Speaker 5: do free things or yeah, have more house parties instead

114
00:06:07,440 --> 00:06:09,520
Speaker 5: of spending it on going out.

115
00:06:09,680 --> 00:06:10,279
Speaker 1: It's smart.

116
00:06:10,400 --> 00:06:12,279
Speaker 4: I need to learn from that, because I feel like

117
00:06:12,320 --> 00:06:15,279
Speaker 4: I just trip out my front door and accidentally spend

118
00:06:15,279 --> 00:06:17,640
Speaker 4: fifty dollars nowadays, like I can't even go to the

119
00:06:17,680 --> 00:06:20,960
Speaker 4: supermarket without it being a three figure amount, Like I

120
00:06:21,000 --> 00:06:23,960
Speaker 4: can't win at the moment. I feel like that's common

121
00:06:24,279 --> 00:06:28,200
Speaker 4: for everybody though. So back to your story, you went

122
00:06:28,240 --> 00:06:29,960
Speaker 4: to UNI and then.

123
00:06:30,320 --> 00:06:34,240
Speaker 5: And then I actually studied a degree in natural medicine.

124
00:06:34,360 --> 00:06:37,960
Speaker 5: It took five years to study. I was doing six

125
00:06:38,080 --> 00:06:41,039
Speaker 5: units at one point, and I really did not have

126
00:06:41,120 --> 00:06:46,479
Speaker 5: a life, so I didn't really spend, I guess too

127
00:06:46,560 --> 00:06:49,520
Speaker 5: much money during that time. But things were tough. My

128
00:06:49,600 --> 00:06:52,640
Speaker 5: mental health was really bad, and I didn't really put

129
00:06:52,640 --> 00:06:56,800
Speaker 5: pressure on myself to save. But then when I graduated UNI,

130
00:06:56,920 --> 00:06:59,120
Speaker 5: the only way to make money as a natchpath is

131
00:06:59,160 --> 00:07:03,760
Speaker 5: to base either consult of an existing wellness practice in

132
00:07:03,800 --> 00:07:06,599
Speaker 5: a room, or you start your own business up. So

133
00:07:06,839 --> 00:07:11,040
Speaker 5: I decided to go into a holistic doctors clinic, and

134
00:07:11,400 --> 00:07:13,840
Speaker 5: it really was not working for me. I had a

135
00:07:13,840 --> 00:07:17,440
Speaker 5: bit of a life meltdown. I was like, I'm earning

136
00:07:18,120 --> 00:07:21,120
Speaker 5: less than two hundred dollars a week. I've just graduated UNI.

137
00:07:21,160 --> 00:07:24,240
Speaker 5: I can't get any clients. I'm trying my hardest to

138
00:07:24,320 --> 00:07:26,600
Speaker 5: make money, and my mental health was really bad at

139
00:07:26,640 --> 00:07:31,720
Speaker 5: that point. So I went home to Mum and I said,

140
00:07:31,760 --> 00:07:33,600
Speaker 5: what do I do. I've just spent five years on

141
00:07:33,640 --> 00:07:37,200
Speaker 5: a career that I can't get anywhere. And this was

142
00:07:37,360 --> 00:07:40,720
Speaker 5: after eight months of trying. And then she said, well,

143
00:07:41,040 --> 00:07:42,920
Speaker 5: just go work on the mines for a year. Just

144
00:07:42,920 --> 00:07:44,640
Speaker 5: give it a year, and then you have enough money

145
00:07:44,640 --> 00:07:49,200
Speaker 5: behind you to restart your neutropathy business. So I gave

146
00:07:49,240 --> 00:07:50,840
Speaker 5: it a go, and I absolutely hated it.

147
00:07:52,760 --> 00:07:54,840
Speaker 4: I mean, I feel like going and working in the

148
00:07:54,880 --> 00:07:59,240
Speaker 4: minds is very, very different from neutropathies, So like, I'm

149
00:07:59,240 --> 00:08:01,880
Speaker 4: not surprised that the career you spent five years building

150
00:08:01,880 --> 00:08:04,360
Speaker 4: and thought you would like was maybe a bit different

151
00:08:04,440 --> 00:08:05,360
Speaker 4: to working in the.

152
00:08:05,440 --> 00:08:09,040
Speaker 5: Mind Yeah, it was honestly horrible. I was working within

153
00:08:09,080 --> 00:08:12,480
Speaker 5: the geology team because I didn't have a degree in geology.

154
00:08:12,840 --> 00:08:17,120
Speaker 5: I just felt like I wasn't respected and I would

155
00:08:17,120 --> 00:08:19,560
Speaker 5: never be a goo. I would always be in the

156
00:08:19,720 --> 00:08:22,680
Speaker 5: entry level kind of role. It didn't sit well for me.

157
00:08:22,720 --> 00:08:25,240
Speaker 5: I worked way too hard at UNI, so I did

158
00:08:25,520 --> 00:08:28,080
Speaker 5: so much research over the next six months while I

159
00:08:28,120 --> 00:08:30,320
Speaker 5: did that role, and I found the role that I'm

160
00:08:30,360 --> 00:08:33,920
Speaker 5: in now. It's very niche. I can't say exactly what

161
00:08:34,040 --> 00:08:36,840
Speaker 5: I do because there's only a few hundred of us.

162
00:08:37,240 --> 00:08:39,360
Speaker 4: Yeah, and I would be able to pinpoint you or

163
00:08:39,360 --> 00:08:41,880
Speaker 4: find you on LinkedIn and point two seconds.

164
00:08:42,320 --> 00:08:46,800
Speaker 5: Yeah exactly. But now I am earning, as you know,

165
00:08:46,880 --> 00:08:50,200
Speaker 5: a great figure. It doesn't come easy though. People think

166
00:08:50,240 --> 00:08:52,800
Speaker 5: you go out on the mines and you earn this

167
00:08:52,840 --> 00:08:56,360
Speaker 5: great salary and you get looked after, cooked and washing

168
00:08:56,400 --> 00:09:00,000
Speaker 5: done and rooms made for you. But honestly, in my role,

169
00:09:00,280 --> 00:09:02,800
Speaker 5: you have to work for what you make. So I

170
00:09:02,800 --> 00:09:06,120
Speaker 5: don't consider myself lucky. I consider myself just a really

171
00:09:06,120 --> 00:09:07,400
Speaker 5: hard worker and really driven.

172
00:09:08,280 --> 00:09:10,439
Speaker 4: I don't think I've ever thought that the Minds would

173
00:09:10,440 --> 00:09:13,760
Speaker 4: be easy. Maybe that's because I have had, you know,

174
00:09:13,920 --> 00:09:16,400
Speaker 4: friends work in the mines. I also have a team

175
00:09:16,440 --> 00:09:18,680
Speaker 4: member who works for me at the moment, who worked

176
00:09:18,679 --> 00:09:20,760
Speaker 4: in the Minds before I brought her on too. She's

177
00:09:20,800 --> 00:09:23,800
Speaker 4: on the money, and like, even just hearing the stories

178
00:09:24,000 --> 00:09:26,240
Speaker 4: of like, let's be honest, how hard it can be

179
00:09:26,240 --> 00:09:28,560
Speaker 4: for a woman to get ahead in such an environment.

180
00:09:28,679 --> 00:09:31,120
Speaker 4: I'm just like that would be so challenging for me.

181
00:09:31,280 --> 00:09:33,800
Speaker 4: Like I think I exist in a permanent state of

182
00:09:33,840 --> 00:09:36,520
Speaker 4: mental breakdown. Apart from the fact that you have to

183
00:09:36,520 --> 00:09:40,000
Speaker 4: get up at a ridiculous hour and do basically manual

184
00:09:40,080 --> 00:09:43,280
Speaker 4: labor all day to come home and have probably the

185
00:09:43,280 --> 00:09:45,680
Speaker 4: same dinner every night. It's nice that it's made, but like,

186
00:09:46,200 --> 00:09:50,679
Speaker 4: let's be honest, it's mine's food. I feel like that's

187
00:09:50,840 --> 00:09:54,000
Speaker 4: just not for me. And that's okay, but it's not

188
00:09:54,120 --> 00:09:54,360
Speaker 4: for me.

189
00:09:54,960 --> 00:09:58,760
Speaker 5: Like, basically everything you just said is exactly how it is,

190
00:09:58,920 --> 00:10:03,920
Speaker 5: especially being a young in quite a unique position. Trying

191
00:10:03,920 --> 00:10:07,280
Speaker 5: to make really big changes and convinced managers to care

192
00:10:07,360 --> 00:10:10,640
Speaker 5: about the stuff that I'm trying to implement is quite daunting.

193
00:10:10,760 --> 00:10:13,680
Speaker 5: I cried a lot when I started this position because

194
00:10:13,679 --> 00:10:15,280
Speaker 5: I still had to work my way up to where

195
00:10:15,320 --> 00:10:17,800
Speaker 5: I am now. I constantly have to remind myself that

196
00:10:17,840 --> 00:10:20,240
Speaker 5: I can do this. What you're doing is good, and

197
00:10:20,559 --> 00:10:23,080
Speaker 5: having a bit of reassurance is always good. But yeah,

198
00:10:23,160 --> 00:10:24,319
Speaker 5: you definitely doubt yourself.

199
00:10:24,800 --> 00:10:27,120
Speaker 1: Oh, that would be so stressful. How did you get

200
00:10:27,120 --> 00:10:28,520
Speaker 1: through that period.

201
00:10:28,200 --> 00:10:32,640
Speaker 4: Of, you know, not feeling like you were a good

202
00:10:32,720 --> 00:10:35,800
Speaker 4: fit Because I know I went through this in finance,

203
00:10:35,840 --> 00:10:37,840
Speaker 4: and I was so lucky that, you know, I was

204
00:10:37,880 --> 00:10:40,280
Speaker 4: surrounded by all my friends and family When I'm doing

205
00:10:40,320 --> 00:10:42,320
Speaker 4: this right. So like I'd have a really terrible day

206
00:10:42,360 --> 00:10:44,800
Speaker 4: at work and then I'd go home and call my mum,

207
00:10:44,920 --> 00:10:46,880
Speaker 4: or I'd go home and my housemates would be like

208
00:10:46,880 --> 00:10:48,640
Speaker 4: what happened, and I'd be like, I need a wine

209
00:10:48,640 --> 00:10:51,200
Speaker 4: and I can tell you. But when you're out on

210
00:10:51,240 --> 00:10:55,040
Speaker 4: the mines, you're going back to arguably a relatively cold single.

211
00:10:54,800 --> 00:10:56,520
Speaker 1: Room and you're all on your own, and I just

212
00:10:56,520 --> 00:10:59,200
Speaker 1: feel like that would be a lot. How did you

213
00:10:59,280 --> 00:10:59,920
Speaker 1: get through that?

214
00:11:00,120 --> 00:11:02,600
Speaker 4: Because for me, the thing that got me through it,

215
00:11:03,120 --> 00:11:06,640
Speaker 4: you know, completely different situation was having that sense of connection.

216
00:11:06,960 --> 00:11:09,640
Speaker 4: And I feel like being out in the minds and

217
00:11:09,679 --> 00:11:12,640
Speaker 4: being so regional, you just wouldn't have that. So I

218
00:11:12,640 --> 00:11:14,560
Speaker 4: feel like you've potentially got a lot more grit than

219
00:11:14,559 --> 00:11:14,840
Speaker 4: I do.

220
00:11:15,160 --> 00:11:18,000
Speaker 5: It's funny to say this, but the team I work

221
00:11:18,280 --> 00:11:20,840
Speaker 5: with I actually like my family. I call them when

222
00:11:20,880 --> 00:11:22,800
Speaker 5: I'm not even at work and they're at work just

223
00:11:22,840 --> 00:11:25,320
Speaker 5: to see how they're going. We're a really close team.

224
00:11:25,720 --> 00:11:28,480
Speaker 5: When I started and I had a few meltdowns because

225
00:11:28,520 --> 00:11:32,600
Speaker 5: of different attitudes, I guess my manager was absolutely amazing

226
00:11:32,760 --> 00:11:36,880
Speaker 5: in coaching me through that and not taking things so personal.

227
00:11:37,280 --> 00:11:39,840
Speaker 5: I'm trying to make the company spend money on things

228
00:11:39,840 --> 00:11:42,559
Speaker 5: they need to care about because the government says so

229
00:11:42,559 --> 00:11:46,079
Speaker 5: so not everyone's gonna like me. It is my job.

230
00:11:46,200 --> 00:11:48,760
Speaker 5: I just have to take the personal factor out of

231
00:11:48,800 --> 00:11:51,280
Speaker 5: it and just know that I'm here to do my job.

232
00:11:51,960 --> 00:11:55,240
Speaker 5: Since then, I have just built thicker skin. I just

233
00:11:55,360 --> 00:11:58,440
Speaker 5: keep being very transparent with my team with how I'm feeling,

234
00:11:58,480 --> 00:12:02,000
Speaker 5: and luckily no one has rubbed me up the wrong way,

235
00:12:02,240 --> 00:12:05,439
Speaker 5: and I stand up for myself as well. Now people

236
00:12:05,480 --> 00:12:08,079
Speaker 5: thought they could treat me however they wanted, but now

237
00:12:08,080 --> 00:12:09,760
Speaker 5: they know I buy it back. They haven't done it

238
00:12:09,800 --> 00:12:10,280
Speaker 5: in a while.

239
00:12:10,600 --> 00:12:13,120
Speaker 1: Yeah good. I love to hear it.

240
00:12:13,400 --> 00:12:15,320
Speaker 4: I feel like it can be so hard, and I

241
00:12:15,400 --> 00:12:17,600
Speaker 4: like that you've said I've got a thicker skin, But

242
00:12:17,679 --> 00:12:19,960
Speaker 4: at the same time you're like, it's my role, it's

243
00:12:20,000 --> 00:12:22,959
Speaker 4: not me. I think so many times at the start

244
00:12:23,000 --> 00:12:26,959
Speaker 4: of careers we go into roles and forget that irrespective

245
00:12:26,960 --> 00:12:28,600
Speaker 4: of whether we like it or not, there are going

246
00:12:28,640 --> 00:12:31,160
Speaker 4: to be politics at play and people aren't going to

247
00:12:31,320 --> 00:12:34,160
Speaker 4: like that role, whether it makes sense or not. And

248
00:12:34,240 --> 00:12:36,760
Speaker 4: it's often not you. It's just the job that you have,

249
00:12:37,160 --> 00:12:39,040
Speaker 4: and you're immediately going to be on the back foot

250
00:12:39,080 --> 00:12:42,160
Speaker 4: because of that money diarist. Let's get into what you

251
00:12:42,240 --> 00:12:44,839
Speaker 4: actually earn. You said before that you earn one hundred

252
00:12:44,880 --> 00:12:47,800
Speaker 4: and eighty seven thousand dollars a year. Is that including

253
00:12:47,880 --> 00:12:49,120
Speaker 4: or excluding super?

254
00:12:49,559 --> 00:12:50,880
Speaker 5: That's including super?

255
00:12:51,400 --> 00:12:54,000
Speaker 4: And how often do you get paid? Like, tell us

256
00:12:54,040 --> 00:12:56,200
Speaker 4: a little bit more about like what hits your bank account?

257
00:12:56,320 --> 00:12:59,240
Speaker 4: And every week, every month, every fortnight. What does that

258
00:12:59,320 --> 00:12:59,680
Speaker 4: look like?

259
00:13:00,160 --> 00:13:03,000
Speaker 5: Yeah, so I get paid monthly. It is a long

260
00:13:03,120 --> 00:13:06,600
Speaker 5: month waiting for that to hit my bank account because

261
00:13:06,600 --> 00:13:10,400
Speaker 5: I do have a really big HEX debt after studying

262
00:13:10,440 --> 00:13:14,760
Speaker 5: on top of my undergrad as well. I earn about

263
00:13:14,800 --> 00:13:16,520
Speaker 5: fourteen grand a month.

264
00:13:16,840 --> 00:13:20,640
Speaker 4: Oh my gosh, that's so many dollars. That's like five

265
00:13:20,679 --> 00:13:22,280
Speaker 4: figures hitting your bank account.

266
00:13:22,520 --> 00:13:26,240
Speaker 5: Yeah, it is, but that's before tax, so I actually

267
00:13:26,360 --> 00:13:30,080
Speaker 5: only see it's about eight and a half nine because

268
00:13:30,160 --> 00:13:33,559
Speaker 5: so much of my money goes to my HEX as well.

269
00:13:34,000 --> 00:13:36,480
Speaker 5: But then we also get bonuses, which is great.

270
00:13:36,840 --> 00:13:40,280
Speaker 4: Oh, okay, tell me more. How many bonuses are we getting?

271
00:13:40,679 --> 00:13:45,239
Speaker 5: So you can earn up to five percent per quarter

272
00:13:45,920 --> 00:13:46,840
Speaker 5: of your salary?

273
00:13:47,000 --> 00:13:47,280
Speaker 4: Oh?

274
00:13:47,360 --> 00:13:49,680
Speaker 1: How cool? And what do you have to do to

275
00:13:49,720 --> 00:13:50,160
Speaker 1: meet that?

276
00:13:50,559 --> 00:13:53,000
Speaker 5: So the whole site has to meet their safety target

277
00:13:53,400 --> 00:13:54,800
Speaker 5: and production target.

278
00:13:54,960 --> 00:13:57,080
Speaker 4: Hey, that's kind of cool. I like that safety is

279
00:13:57,080 --> 00:13:57,800
Speaker 4: included in that.

280
00:13:58,320 --> 00:14:01,920
Speaker 5: Yeah, we have a great safety culture, and we have

281
00:14:01,960 --> 00:14:05,440
Speaker 5: a scorecard we need to comply with and it's all

282
00:14:05,480 --> 00:14:07,880
Speaker 5: about safety interactions and speaking up.

283
00:14:07,960 --> 00:14:09,400
Speaker 1: So you have a good safety culture.

284
00:14:09,760 --> 00:14:12,839
Speaker 5: Yeah, yeah, So that all goes towards a balanced scorecard.

285
00:14:13,040 --> 00:14:16,079
Speaker 5: And at the end of the quarter, if we meet

286
00:14:15,920 --> 00:14:18,120
Speaker 5: a production and safety then we get up to five

287
00:14:18,160 --> 00:14:20,680
Speaker 5: percent of our salary, which can be quite a lot.

288
00:14:20,720 --> 00:14:22,720
Speaker 5: But of course if you make a lot, you get

289
00:14:22,760 --> 00:14:23,320
Speaker 5: taxed a lot.

290
00:14:23,480 --> 00:14:26,720
Speaker 4: Yeah, so how often would you make that five percent.

291
00:14:27,600 --> 00:14:30,680
Speaker 5: I have been at my position for a year and

292
00:14:30,880 --> 00:14:35,160
Speaker 5: we've hit four point two percent for one quarter. Oh nice,

293
00:14:35,520 --> 00:14:39,160
Speaker 5: so we do get up there. And I've only received

294
00:14:39,280 --> 00:14:42,920
Speaker 5: three bonuses, so I should say only we've received three.

295
00:14:43,000 --> 00:14:44,880
Speaker 4: No, No, that makes sense, And like I think that

296
00:14:45,080 --> 00:14:47,040
Speaker 4: a lot of the time when we're talking about money,

297
00:14:47,040 --> 00:14:49,280
Speaker 4: we often go, oh, my gosh, that sounds so privileged,

298
00:14:49,320 --> 00:14:51,480
Speaker 4: but we're actually just looking at your role in general,

299
00:14:51,720 --> 00:14:53,960
Speaker 4: and you've been in your role a while now, and

300
00:14:54,000 --> 00:14:56,560
Speaker 4: so going oh, I've only received three bonuses out of

301
00:14:56,600 --> 00:14:59,800
Speaker 4: you know, the ten opportunities or something. You might go, well,

302
00:15:00,000 --> 00:15:01,840
Speaker 4: it's not actually about how much it is, And it

303
00:15:01,880 --> 00:15:05,240
Speaker 4: can sound entitled, but it's not meant to be like

304
00:15:05,280 --> 00:15:07,560
Speaker 4: I knew exactly where you're going with that, because it's

305
00:15:07,600 --> 00:15:09,880
Speaker 4: often like, yeah, I only hit my goal like three

306
00:15:09,920 --> 00:15:12,880
Speaker 4: times already, Like that's kind of what you were saying, right.

307
00:15:12,840 --> 00:15:17,320
Speaker 5: Yes, exactly, And because there's so many different things that

308
00:15:17,360 --> 00:15:20,160
Speaker 5: come into play, it is actually really hard to get

309
00:15:20,160 --> 00:15:23,520
Speaker 5: a bonus. When we do receive it, it's a huge, I

310
00:15:23,520 --> 00:15:27,560
Speaker 5: guess bonus, but everyone's really excited about it because we

311
00:15:27,640 --> 00:15:30,280
Speaker 5: have headquarters where we haven't met it and I've been

312
00:15:30,320 --> 00:15:32,880
Speaker 5: here for that, and it's hard because you know, everyone

313
00:15:32,920 --> 00:15:35,600
Speaker 5: wants that little extra money in their bank account.

314
00:15:35,600 --> 00:15:38,120
Speaker 4: One hundred percent and that would help so much. And

315
00:15:38,160 --> 00:15:40,720
Speaker 4: I know that you know you're not in this situation,

316
00:15:40,960 --> 00:15:43,040
Speaker 4: but you know there are a lot of family men

317
00:15:43,240 --> 00:15:45,960
Speaker 4: and family women out there that are going to work

318
00:15:46,000 --> 00:15:48,200
Speaker 4: in the Minds and they're leaving their children, and they're

319
00:15:48,240 --> 00:15:50,600
Speaker 4: leaving their partners, and they're coming up to the Minds

320
00:15:50,640 --> 00:15:53,040
Speaker 4: to work, and they are currently under a heap of

321
00:15:53,080 --> 00:15:56,160
Speaker 4: financial stress because their mortgages are absolutely cooked. So this

322
00:15:56,320 --> 00:16:00,000
Speaker 4: idea of a few thousand dollars in addition, they just go, oh,

323
00:16:00,040 --> 00:16:02,000
Speaker 4: that would take so much pressure off. And then to

324
00:16:02,080 --> 00:16:04,840
Speaker 4: not get it would be really stressful. It would just

325
00:16:04,840 --> 00:16:07,400
Speaker 4: be a little bit disenchanting, a little bit disheartening.

326
00:16:07,720 --> 00:16:10,960
Speaker 5: Yes, there's people at this site that literally say or

327
00:16:11,160 --> 00:16:13,400
Speaker 5: hope we get our bonus because I need to pay

328
00:16:13,400 --> 00:16:16,240
Speaker 5: my mortgage off and things like that.

329
00:16:16,240 --> 00:16:17,560
Speaker 1: That's so stressful.

330
00:16:18,360 --> 00:16:20,840
Speaker 4: So do you bank on this bonus or are you

331
00:16:20,920 --> 00:16:23,280
Speaker 4: someone that's like, no, I only budget with what I have,

332
00:16:23,400 --> 00:16:25,160
Speaker 4: and if I get a bonus, I get a bonus,

333
00:16:25,240 --> 00:16:26,800
Speaker 4: or like, what's that look like for you?

334
00:16:27,200 --> 00:16:31,200
Speaker 5: I absolutely don't count my bonus at all. If I

335
00:16:31,240 --> 00:16:33,080
Speaker 5: get it, I will only believe it when it hits

336
00:16:33,080 --> 00:16:35,440
Speaker 5: my bank account. I pretend it's not even there. If

337
00:16:35,480 --> 00:16:38,280
Speaker 5: I do, we may splurge a bit more on our holidays,

338
00:16:38,400 --> 00:16:41,440
Speaker 5: or I'll never count on that to pay my bills.

339
00:16:41,880 --> 00:16:44,600
Speaker 4: No, of course, and I think that that's the smart way.

340
00:16:44,760 --> 00:16:47,680
Speaker 4: But in a cost of living crisis, when all of

341
00:16:47,680 --> 00:16:50,320
Speaker 4: our mortgages are completely increased, I was going to say

342
00:16:50,320 --> 00:16:52,480
Speaker 4: something a little bit rude of there, but decided to

343
00:16:52,520 --> 00:16:55,040
Speaker 4: catch myself in the moment, I feel like we start

344
00:16:55,080 --> 00:16:57,160
Speaker 4: having to bank on our bonuses because we go well,

345
00:16:57,200 --> 00:16:58,800
Speaker 4: that's actually the only way that I'm not going to

346
00:16:58,800 --> 00:17:01,160
Speaker 4: go further into debt, So I don't have a lot

347
00:17:01,200 --> 00:17:03,720
Speaker 4: of choice right now. So if that's you, don't feel bad.

348
00:17:03,840 --> 00:17:07,760
Speaker 4: It's not an ideal situation, but it's definitely something that

349
00:17:07,840 --> 00:17:10,520
Speaker 4: I know a lot of people are doing. Money diarist,

350
00:17:10,920 --> 00:17:14,360
Speaker 4: you mentioned holidays before, and that leads well into this

351
00:17:14,480 --> 00:17:17,439
Speaker 4: conversation or this question i'd like to ask is what

352
00:17:17,520 --> 00:17:19,960
Speaker 4: are your big money goals. You've got some big incomes,

353
00:17:20,000 --> 00:17:22,600
Speaker 4: so what are the big money goals you're currently working towards.

354
00:17:23,000 --> 00:17:25,840
Speaker 5: So I'm currently trying to buy a house. I have

355
00:17:25,960 --> 00:17:29,480
Speaker 5: my deposit ready in my account. It has been extremely

356
00:17:29,520 --> 00:17:31,520
Speaker 5: hard where I live to buy a house.

357
00:17:31,640 --> 00:17:33,440
Speaker 4: You can't say I have a deposit in my account.

358
00:17:33,440 --> 00:17:35,000
Speaker 4: It says she's on the money. How much money if

359
00:17:35,000 --> 00:17:35,280
Speaker 4: you got?

360
00:17:35,280 --> 00:17:37,680
Speaker 5: Babe, I have fifty three thousand.

361
00:17:38,040 --> 00:17:39,160
Speaker 1: Oh that's so good.

362
00:17:39,680 --> 00:17:43,119
Speaker 5: My deposit for my home only has to be five

363
00:17:43,280 --> 00:17:46,960
Speaker 5: percent because I did actually qualify for first Home Buyers

364
00:17:47,000 --> 00:17:52,240
Speaker 5: Guarantee from not last year's notice of assessment, the year before.

365
00:17:52,600 --> 00:17:55,560
Speaker 5: So I just got my approval before the new year

366
00:17:55,920 --> 00:17:58,800
Speaker 5: ticked over. So I have three months to use my

367
00:17:58,880 --> 00:18:00,560
Speaker 5: first Home Buyers Guarantee.

368
00:18:00,960 --> 00:18:03,280
Speaker 4: Yeah, I was about to say, has that expired yet?

369
00:18:03,320 --> 00:18:05,200
Speaker 4: Because for those of you playing along at home.

370
00:18:05,359 --> 00:18:06,359
Speaker 1: They do expire.

371
00:18:07,320 --> 00:18:10,000
Speaker 5: No, so I've got two about middle of August to

372
00:18:10,040 --> 00:18:10,920
Speaker 5: find somewhere.

373
00:18:11,160 --> 00:18:11,800
Speaker 4: How good.

374
00:18:12,600 --> 00:18:17,120
Speaker 5: Yeah, it's extremely hard. I did put an offer in yesterday, so.

375
00:18:18,119 --> 00:18:19,400
Speaker 4: That's so exciting.

376
00:18:19,640 --> 00:18:20,840
Speaker 1: And what do we train to buy?

377
00:18:21,320 --> 00:18:24,800
Speaker 5: It's a little townhouse in a city. I will obviously

378
00:18:24,840 --> 00:18:26,840
Speaker 5: have to live in it for six months, that's what

379
00:18:27,000 --> 00:18:31,640
Speaker 5: the guarantee requires you to. It doesn't really need renovating.

380
00:18:31,800 --> 00:18:34,360
Speaker 5: The house is pretty much perfect to move in.

381
00:18:34,840 --> 00:18:36,840
Speaker 4: How exciting. They haven't yesterday?

382
00:18:36,840 --> 00:18:38,600
Speaker 5: When do you hear today?

383
00:18:38,800 --> 00:18:40,000
Speaker 1: What are the probabilities?

384
00:18:40,080 --> 00:18:43,480
Speaker 5: Do you think fifty to fifty? My partner actually knew

385
00:18:43,520 --> 00:18:44,720
Speaker 5: the real estate agent.

386
00:18:44,600 --> 00:18:46,439
Speaker 1: So all fingers crossed.

387
00:18:46,800 --> 00:18:49,680
Speaker 5: I'm still quite nervous. I have been in the top

388
00:18:49,720 --> 00:18:54,399
Speaker 5: two offers before, and this person won it by five grand,

389
00:18:54,520 --> 00:18:55,359
Speaker 5: and I was like.

390
00:18:55,960 --> 00:18:56,800
Speaker 1: Why didn't you call me?

391
00:18:56,840 --> 00:18:58,560
Speaker 4: I would have given you five and a half grand.

392
00:19:00,520 --> 00:19:02,359
Speaker 5: So I don't get my hopes up too much. But

393
00:19:02,920 --> 00:19:04,879
Speaker 5: we'll see how we go. But yeah, and then it

394
00:19:04,920 --> 00:19:07,200
Speaker 5: would ultimately turn into an investment property.

395
00:19:07,480 --> 00:19:09,600
Speaker 4: Yeah that's fair. Are you buying with your partner or

396
00:19:09,680 --> 00:19:10,760
Speaker 4: is this a you purchase?

397
00:19:11,000 --> 00:19:14,560
Speaker 5: This is just a me purchase. He has been there

398
00:19:14,600 --> 00:19:17,560
Speaker 5: for the ride. He's come to every home open, but

399
00:19:18,080 --> 00:19:21,439
Speaker 5: he is not ready to buy his first home. But

400
00:19:21,520 --> 00:19:23,480
Speaker 5: that's fine. We've been together for six years. We know

401
00:19:23,520 --> 00:19:24,399
Speaker 5: each other really well.

402
00:19:24,480 --> 00:19:27,080
Speaker 4: And I also just love an independent woman like I

403
00:19:27,160 --> 00:19:29,280
Speaker 4: love that you're like, oh you're not ready, Okay, well

404
00:19:29,320 --> 00:19:31,680
Speaker 4: I'm still going. So if you're not getting on the train,

405
00:19:31,880 --> 00:19:32,520
Speaker 4: just move over.

406
00:19:32,840 --> 00:19:36,200
Speaker 5: Thanks. Yeah. I wait for no one. If I want something,

407
00:19:36,240 --> 00:19:37,439
Speaker 5: I'll get it no matter what.

408
00:19:38,240 --> 00:19:39,520
Speaker 1: I love this attitude.

409
00:19:39,920 --> 00:19:43,000
Speaker 4: Is there any other big money goals you're currently working towards.

410
00:19:43,200 --> 00:19:45,280
Speaker 5: I want to pay off my car. I brought a

411
00:19:45,280 --> 00:19:48,359
Speaker 5: car for work when I was a consultant, and I

412
00:19:48,440 --> 00:19:51,880
Speaker 5: was getting a lot of tax back through my car

413
00:19:52,000 --> 00:19:54,919
Speaker 5: because I was using the mileage every week and the

414
00:19:55,040 --> 00:20:00,680
Speaker 5: depreciation was tax deductible. However, because I do work away,

415
00:20:00,720 --> 00:20:02,800
Speaker 5: I can't claim my car anymore and it's just sitting

416
00:20:02,840 --> 00:20:05,720
Speaker 5: there looking really sad, and I'm paying a lot of

417
00:20:05,760 --> 00:20:08,479
Speaker 5: interest on my loan, so it is up for sale.

418
00:20:08,600 --> 00:20:10,720
Speaker 5: But I want to get rid of it or pay

419
00:20:10,760 --> 00:20:14,240
Speaker 5: it off. That's actually it for my money goals. I

420
00:20:14,320 --> 00:20:17,840
Speaker 5: have already traveled to about twenty plus countries, so I

421
00:20:17,960 --> 00:20:21,560
Speaker 5: don't really have many holidays that I want to go

422
00:20:21,600 --> 00:20:22,200
Speaker 5: on anymore.

423
00:20:23,080 --> 00:20:25,280
Speaker 4: Oh my gosh, you can't just throw that in at

424
00:20:25,320 --> 00:20:27,000
Speaker 4: the end and be like, oh, I've traveled to twenty

425
00:20:27,000 --> 00:20:30,560
Speaker 4: plus country what money, diarist? What are you talking about?

426
00:20:30,920 --> 00:20:34,560
Speaker 4: How have you managed to travel to twenty plus countries?

427
00:20:34,600 --> 00:20:34,679
Speaker 2: Like?

428
00:20:34,720 --> 00:20:36,359
Speaker 4: Can you tell me a little bit more about how

429
00:20:36,400 --> 00:20:39,240
Speaker 4: you budgeted and paid for that, because I'm assuming that

430
00:20:39,400 --> 00:20:41,480
Speaker 4: was before you worked in the mines, is that right?

431
00:20:42,240 --> 00:20:47,280
Speaker 5: Yes, it was through UNI, and before UNI I traveled

432
00:20:47,280 --> 00:20:50,080
Speaker 5: to Europe. I think my budget was honestly like four

433
00:20:50,160 --> 00:20:53,320
Speaker 5: or five grand for four months. Oh my gosh, it

434
00:20:53,440 --> 00:20:57,080
Speaker 5: was crazy. Yeah. I've done lots of Asia and then

435
00:20:57,160 --> 00:20:59,920
Speaker 5: I lived overseas in China for a little bit.

436
00:21:00,359 --> 00:21:01,399
Speaker 1: Oh yeah, that's just normal.

437
00:21:01,520 --> 00:21:04,040
Speaker 4: That just comes up later, like when we're talking about

438
00:21:04,040 --> 00:21:07,080
Speaker 4: our money story, Like, of course that didn't come up.

439
00:21:07,680 --> 00:21:09,760
Speaker 5: Yeah, Like I said, if I want to do something

440
00:21:09,840 --> 00:21:11,200
Speaker 5: or if I want to go somewhere, I just make

441
00:21:11,240 --> 00:21:13,840
Speaker 5: it work. I know, I wasn't earning much money before

442
00:21:13,880 --> 00:21:16,399
Speaker 5: I did get into a seven K personal loan debt

443
00:21:17,040 --> 00:21:20,199
Speaker 5: that would have probably contributed to my own traveling. I

444
00:21:20,240 --> 00:21:22,200
Speaker 5: did pay that off through my stupor when we could

445
00:21:22,240 --> 00:21:25,359
Speaker 5: access it through COVID unfortunately, but I just wanted to

446
00:21:25,359 --> 00:21:27,560
Speaker 5: prior tize getting that down. It was killing me at

447
00:21:27,600 --> 00:21:28,040
Speaker 5: the time.

448
00:21:28,520 --> 00:21:29,040
Speaker 1: Yeah, And I.

449
00:21:29,000 --> 00:21:31,199
Speaker 4: Feel like that gives you a little bit more financial

450
00:21:31,240 --> 00:21:36,240
Speaker 4: freedom and also paying interest, like it kind of levels out.

451
00:21:36,280 --> 00:21:38,160
Speaker 4: And I mean, don't get me wrong, like we don't

452
00:21:38,200 --> 00:21:40,159
Speaker 4: want to do it for the wrong reasons, but a

453
00:21:40,200 --> 00:21:43,119
Speaker 4: lot of people made the decision to use their super

454
00:21:43,200 --> 00:21:45,760
Speaker 4: money to pay off debt, and I don't think it's

455
00:21:45,760 --> 00:21:47,920
Speaker 4: the worst thing. Like, did you then feel a lot

456
00:21:48,000 --> 00:21:49,720
Speaker 4: lighter and a lot freer. Yeah.

457
00:21:49,760 --> 00:21:51,879
Speaker 5: At the time, I think I was working in a

458
00:21:51,920 --> 00:21:55,000
Speaker 5: factory because of COVID, Like all my hospitality jobs just

459
00:21:55,000 --> 00:21:57,480
Speaker 5: went out the door. But I worked in that factory

460
00:21:57,520 --> 00:21:59,800
Speaker 5: for like five or six days a week. It was

461
00:22:00,400 --> 00:22:03,600
Speaker 5: honestly probably the best decision that I made, because I

462
00:22:03,640 --> 00:22:05,840
Speaker 5: paid off my loan and then I got a head start,

463
00:22:06,480 --> 00:22:10,160
Speaker 5: and then that momentum kept growing. So I don't regret

464
00:22:10,240 --> 00:22:14,080
Speaker 5: getting my super out. And there's obviously more time now

465
00:22:14,119 --> 00:22:16,960
Speaker 5: that I'm earning more money to get that up a

466
00:22:17,000 --> 00:22:17,440
Speaker 5: little bit.

467
00:22:17,800 --> 00:22:18,280
Speaker 1: I love that.

468
00:22:18,440 --> 00:22:20,240
Speaker 4: All right, let's go to a really quick break on

469
00:22:20,280 --> 00:22:22,200
Speaker 4: the flip side. I want to know about your best

470
00:22:22,200 --> 00:22:24,399
Speaker 4: and your worst money habits. I need to ask so

471
00:22:24,440 --> 00:22:26,800
Speaker 4: many more questions like you can't just spring on us.

472
00:22:26,920 --> 00:22:28,639
Speaker 1: I've been to twenty plus countries.

473
00:22:28,720 --> 00:22:30,359
Speaker 4: Sorry, you're going to want to give us some travel

474
00:22:30,359 --> 00:22:36,640
Speaker 4: tips as well, so guys don't go anywhere. All right,

475
00:22:36,680 --> 00:22:39,600
Speaker 4: Money direst We are back and we have been going

476
00:22:39,640 --> 00:22:42,400
Speaker 4: through your money story, which has been incredible thus far.

477
00:22:42,560 --> 00:22:44,840
Speaker 4: You're working more than one hundred hours a week or

478
00:22:44,880 --> 00:22:48,199
Speaker 4: as you corrected, ninety six hours a week in a

479
00:22:48,280 --> 00:22:50,840
Speaker 4: niche Safeties role up in the minds, and you're earning

480
00:22:50,920 --> 00:22:54,840
Speaker 4: one hundred and eighty seven thousand dollars. You were talking

481
00:22:54,960 --> 00:22:57,840
Speaker 4: before about how at UNI, you know, you had to

482
00:22:57,920 --> 00:23:00,120
Speaker 4: kind of cut it yourself. You were only on twenty

483
00:23:00,440 --> 00:23:03,320
Speaker 4: a week at some points. But then at the end

484
00:23:03,320 --> 00:23:05,199
Speaker 4: of the last segment you just said, oh yeah, and

485
00:23:05,200 --> 00:23:08,520
Speaker 4: I've traveled to light more than twenty countries. When you

486
00:23:08,560 --> 00:23:12,200
Speaker 4: were planning to travel, did you put together a budget

487
00:23:12,320 --> 00:23:14,760
Speaker 4: or you're a bit yollow, like what was the plan?

488
00:23:14,880 --> 00:23:15,880
Speaker 1: How did that work?

489
00:23:16,160 --> 00:23:21,919
Speaker 5: It was absolutely yollow. I think at the time I

490
00:23:21,960 --> 00:23:26,320
Speaker 5: had it was an ex partner. We moved to a

491
00:23:26,359 --> 00:23:29,399
Speaker 5: different city and then I was unhappy there. But I

492
00:23:29,480 --> 00:23:32,400
Speaker 5: had I think it was four to six K and savings.

493
00:23:32,480 --> 00:23:35,119
Speaker 5: It was barely anything, and I said, I want to

494
00:23:35,119 --> 00:23:38,040
Speaker 5: go overseas. Maybe I want to work overseas. So we

495
00:23:38,160 --> 00:23:40,439
Speaker 5: literally just left Catcher. I know.

496
00:23:40,920 --> 00:23:43,480
Speaker 4: I mean, that's a lot to have in savings in general,

497
00:23:43,800 --> 00:23:45,840
Speaker 4: but not a lot to then quit your job and

498
00:23:45,920 --> 00:23:46,800
Speaker 4: leave the country.

499
00:23:47,080 --> 00:23:50,000
Speaker 5: We didn't think about it, and honestly, every time that

500
00:23:50,040 --> 00:23:53,040
Speaker 5: I've been traveling it's been a similar story up until

501
00:23:53,080 --> 00:23:56,120
Speaker 5: this year, such a plan and now it's been more

502
00:23:56,160 --> 00:23:58,359
Speaker 5: of spare of the moment kind of thinking. And I

503
00:23:58,400 --> 00:24:01,159
Speaker 5: don't regret it at all, because sometimes if you do

504
00:24:01,359 --> 00:24:04,280
Speaker 5: build up, like your holiday too much in your head,

505
00:24:04,280 --> 00:24:06,320
Speaker 5: are you planning it? I don't think you'd get as

506
00:24:06,400 --> 00:24:10,400
Speaker 5: much out of it if you were just like living

507
00:24:10,880 --> 00:24:13,359
Speaker 5: it day by day. Some of my best memories is

508
00:24:13,880 --> 00:24:16,720
Speaker 5: meeting people randomly, and I'm still in contact with some

509
00:24:16,720 --> 00:24:17,560
Speaker 5: of those people now.

510
00:24:17,640 --> 00:24:20,960
Speaker 4: I agree on the spontaneity as well, like whenever my

511
00:24:21,119 --> 00:24:23,960
Speaker 4: husband and I have you know, planned holidays and gone

512
00:24:23,960 --> 00:24:26,520
Speaker 4: on them, like, yeah, we plan where we're going, but

513
00:24:26,640 --> 00:24:28,800
Speaker 4: a lot of the time we don't plan what we're doing.

514
00:24:29,119 --> 00:24:32,239
Speaker 4: Because the one time that we did do that, I

515
00:24:32,280 --> 00:24:34,879
Speaker 4: didn't enjoy it at all because I was like, okay, cool.

516
00:24:34,920 --> 00:24:37,680
Speaker 4: So like our Monday to Sunday has been planned out,

517
00:24:37,760 --> 00:24:39,600
Speaker 4: or Monday we're doing this, Tuesday, we're doing this, and

518
00:24:39,680 --> 00:24:41,840
Speaker 4: like we'd get to the location and realize there were

519
00:24:41,880 --> 00:24:44,680
Speaker 4: like other things that we were interested in that we would

520
00:24:44,720 --> 00:24:46,879
Speaker 4: have preferred to do, but we're like pre planned and

521
00:24:46,960 --> 00:24:49,280
Speaker 4: paid for all of these other tours or whatnot, and

522
00:24:49,320 --> 00:24:51,880
Speaker 4: I just feel like the spontaneity is the most fun.

523
00:24:51,920 --> 00:24:55,160
Speaker 4: In our most recent trip, we booked where we were staying,

524
00:24:55,480 --> 00:24:58,080
Speaker 4: but we didn't book in any activities. We kind of

525
00:24:58,119 --> 00:25:00,439
Speaker 4: just flew by the seat of our pants and we're like, oh,

526
00:25:00,480 --> 00:25:02,200
Speaker 4: that looks good, let's see if we can do that tomorrow.

527
00:25:02,240 --> 00:25:04,359
Speaker 4: And if we weren't able to, will like whatever, Like

528
00:25:04,440 --> 00:25:06,680
Speaker 4: that's fine. We were trying to book last minute anyway,

529
00:25:06,960 --> 00:25:09,040
Speaker 4: so we had such a better time. I'm not saying

530
00:25:09,080 --> 00:25:11,280
Speaker 4: it's for everyone, because I've got a few friends who

531
00:25:11,280 --> 00:25:13,600
Speaker 4: are like, if this isn't planned to a tea and

532
00:25:13,640 --> 00:25:15,879
Speaker 4: we don't have all of our dinner bookings as well,

533
00:25:16,080 --> 00:25:17,679
Speaker 4: I'm out And I'm like, oh, that's not for me.

534
00:25:17,840 --> 00:25:19,760
Speaker 4: Love a spreadsheet, but that part's not for me.

535
00:25:20,359 --> 00:25:23,640
Speaker 5: I completely agree. And sometimes the people you meet when

536
00:25:23,680 --> 00:25:28,000
Speaker 5: you are traveling have like way better recommendations and you

537
00:25:28,040 --> 00:25:31,600
Speaker 5: would see online or TikTok or anything like that. Like

538
00:25:31,680 --> 00:25:34,359
Speaker 5: if you're just meeting someone in a bar, I guarantee

539
00:25:34,440 --> 00:25:37,160
Speaker 5: you'd probably get some better tips from that way.

540
00:25:37,680 --> 00:25:40,359
Speaker 4: I love it all right, Tell me about investments.

541
00:25:41,160 --> 00:25:42,960
Speaker 1: Do you invest if so in?

542
00:25:43,040 --> 00:25:43,159
Speaker 2: What?

543
00:25:43,440 --> 00:25:43,760
Speaker 1: If not?

544
00:25:43,960 --> 00:25:44,320
Speaker 5: Why not?

545
00:25:44,920 --> 00:25:45,080
Speaker 6: So?

546
00:25:45,240 --> 00:25:51,040
Speaker 5: I was investing hardcore into one ETF, which was better shares,

547
00:25:51,960 --> 00:25:55,760
Speaker 5: and I was putting half my pay every month into

548
00:25:55,800 --> 00:25:57,280
Speaker 5: that investment account.

549
00:25:57,480 --> 00:26:00,600
Speaker 1: Okay, I love this. Where's this goal though?

550
00:26:01,080 --> 00:26:05,560
Speaker 5: Yeah? So it was compounding. I only had in there

551
00:26:05,560 --> 00:26:08,199
Speaker 5: for two years, but the dividends were paying around two

552
00:26:08,280 --> 00:26:11,399
Speaker 5: hundred and fifty dollars a month, which was okay. But

553
00:26:11,640 --> 00:26:14,120
Speaker 5: then I took all of it out for my house deposit.

554
00:26:15,320 --> 00:26:19,399
Speaker 4: Okay, but that's fine because was that part of the goal, Like,

555
00:26:19,480 --> 00:26:21,639
Speaker 4: were you investing with the idea that you'd pull it

556
00:26:21,640 --> 00:26:22,560
Speaker 4: out for a house to posit?

557
00:26:23,000 --> 00:26:25,720
Speaker 5: Yeah, that was always the plan. But now I feel

558
00:26:25,720 --> 00:26:27,160
Speaker 5: a bit lost.

559
00:26:26,880 --> 00:26:27,600
Speaker 1: A bit naked.

560
00:26:27,800 --> 00:26:30,919
Speaker 4: Yeah, once you've got the house, I think that you

561
00:26:31,000 --> 00:26:33,560
Speaker 4: will get back into you know, paying off a mortgage

562
00:26:33,640 --> 00:26:36,760
Speaker 4: and that's working towards an asset, and you'll also have

563
00:26:36,960 --> 00:26:39,520
Speaker 4: you know, the ability to investigating in the future. But

564
00:26:40,119 --> 00:26:42,359
Speaker 4: it does feel a bit ick when you pull it

565
00:26:42,359 --> 00:26:44,480
Speaker 4: out because you're like, wait, I was getting dividends paid

566
00:26:44,480 --> 00:26:46,960
Speaker 4: out and that was really sexy. Tell me about how

567
00:26:46,960 --> 00:26:48,199
Speaker 4: you picked that ETF.

568
00:26:48,359 --> 00:26:52,240
Speaker 5: Honestly, it was from reading your book. I wanted to

569
00:26:52,280 --> 00:26:55,760
Speaker 5: go with a safe stock and I didn't want to

570
00:26:55,840 --> 00:26:59,200
Speaker 5: go for individual companies themselves.

571
00:26:59,520 --> 00:26:59,680
Speaker 2: Yeah.

572
00:27:00,000 --> 00:27:03,639
Speaker 5: Oh, honestly, it's gonna sound bad, but I just picked

573
00:27:03,640 --> 00:27:06,520
Speaker 5: like the safest one and one that kind of appealed

574
00:27:06,520 --> 00:27:09,879
Speaker 5: to me. It did have a few mining companies within

575
00:27:10,840 --> 00:27:14,120
Speaker 5: the ETF. Some people won't agree with that.

576
00:27:14,320 --> 00:27:17,479
Speaker 4: Some people won't, and that's so fine. But like, also

577
00:27:17,800 --> 00:27:22,240
Speaker 4: they've tried true, steady stocks, So like, when you're looking

578
00:27:22,359 --> 00:27:27,400
Speaker 4: for a really solid ETF, often it will be made

579
00:27:27,480 --> 00:27:31,200
Speaker 4: up of you know, mining, you'll see BEHP, You'll see Rio, Tinto,

580
00:27:31,320 --> 00:27:33,879
Speaker 4: You'll see all of those because they're tried and true

581
00:27:33,880 --> 00:27:37,440
Speaker 4: and have consistent returns. So like, it's a hard conversation

582
00:27:37,560 --> 00:27:37,920
Speaker 4: to have.

583
00:27:38,000 --> 00:27:41,919
Speaker 5: Hey, it is quite hard, especially because a lot of

584
00:27:41,960 --> 00:27:45,560
Speaker 5: my groups from studying natural medicine did not align with

585
00:27:45,680 --> 00:27:49,400
Speaker 5: the mining lifestyle either. It has been a little bit

586
00:27:49,680 --> 00:27:53,560
Speaker 5: difficult to discuss this sort of stuff with some groups.

587
00:27:53,640 --> 00:27:56,080
Speaker 4: But you can call me I'd love to talk about it.

588
00:27:57,359 --> 00:28:01,480
Speaker 5: But every decision I've made, I've backed myself and it's

589
00:28:01,520 --> 00:28:04,840
Speaker 5: definitely paying off. But one thing I would say is

590
00:28:05,280 --> 00:28:10,040
Speaker 5: trying to convince the bank that I consistently save this

591
00:28:10,119 --> 00:28:13,560
Speaker 5: certain amount every month was a little bit tricky because

592
00:28:13,560 --> 00:28:16,760
Speaker 5: it was going into a stock, it wasn't going into

593
00:28:16,760 --> 00:28:20,159
Speaker 5: a savings account. So I literally had to get this

594
00:28:20,440 --> 00:28:23,520
Speaker 5: statement from shares Is to prove that I was actually

595
00:28:23,760 --> 00:28:27,520
Speaker 5: saving for a house deposit through this stock. So that

596
00:28:27,680 --> 00:28:30,040
Speaker 5: was something that I was a bit blindsided for and

597
00:28:30,280 --> 00:28:32,480
Speaker 5: it took a bit longer to get pre approval for

598
00:28:32,600 --> 00:28:33,040
Speaker 5: my house.

599
00:28:33,160 --> 00:28:34,119
Speaker 1: I'm not surprised.

600
00:28:34,119 --> 00:28:37,320
Speaker 4: And if you're in that situation and you're investing with

601
00:28:37,480 --> 00:28:40,040
Speaker 4: the idea of purchasing, the best thing you can do

602
00:28:40,400 --> 00:28:44,080
Speaker 4: is clearly label your transactions in your banking statement. So

603
00:28:44,200 --> 00:28:46,920
Speaker 4: I wish that you'd known this beforehand. But if you

604
00:28:47,000 --> 00:28:51,520
Speaker 4: are transferring money out to your share trading platform, instead

605
00:28:51,560 --> 00:28:55,400
Speaker 4: of you know, labeling it share transfer, you're labeling at

606
00:28:55,560 --> 00:28:59,760
Speaker 4: house deposit savings or house deposit investment, so that there

607
00:28:59,840 --> 00:29:02,040
Speaker 4: is purpose to it even if you don't use it

608
00:29:02,080 --> 00:29:04,520
Speaker 4: for our house deposit later down the line and you

609
00:29:04,600 --> 00:29:08,680
Speaker 4: decide to keep your investment, having that label and having

610
00:29:08,720 --> 00:29:11,360
Speaker 4: the ability to you know, search in your banking statement

611
00:29:11,520 --> 00:29:13,959
Speaker 4: and highlight all of them and print it out. For

612
00:29:14,000 --> 00:29:17,720
Speaker 4: some reason, the banks love that it is possible. As

613
00:29:17,760 --> 00:29:20,520
Speaker 4: you said, money diarists like you can prove it, and

614
00:29:20,600 --> 00:29:23,120
Speaker 4: a good broker will give you like a spreadsheet to

615
00:29:23,160 --> 00:29:26,120
Speaker 4: fill in or something that will help you along that way.

616
00:29:26,360 --> 00:29:28,080
Speaker 4: But was it fine after that point?

617
00:29:28,320 --> 00:29:31,920
Speaker 5: There was something else that they had to check as well.

618
00:29:32,280 --> 00:29:35,360
Speaker 5: But basically, I've got pre approval and I'm ready to go.

619
00:29:35,960 --> 00:29:38,280
Speaker 5: Just finding the right place will be hard. There's almost

620
00:29:38,320 --> 00:29:40,080
Speaker 5: two hundred people at every home open.

621
00:29:40,440 --> 00:29:41,480
Speaker 1: What two hundred?

622
00:29:41,800 --> 00:29:45,360
Speaker 5: Yeah, Literally, it's like a carnival. Here's cars lined up

623
00:29:45,400 --> 00:29:45,800
Speaker 5: the road.

624
00:29:47,200 --> 00:29:47,960
Speaker 1: Oh my gosh.

625
00:29:48,000 --> 00:29:49,960
Speaker 4: Have you thought about using a bias agent?

626
00:29:50,200 --> 00:29:53,720
Speaker 5: That would have been my next step. However, if I

627
00:29:53,760 --> 00:29:56,320
Speaker 5: don't find a house within the timeframe I have, I'm

628
00:29:56,360 --> 00:29:58,280
Speaker 5: just going to save up for another six months and

629
00:29:58,320 --> 00:30:01,200
Speaker 5: then I'll have the twenty percent deposit. Yeah, I won't

630
00:30:01,240 --> 00:30:04,800
Speaker 5: have to do my first home buyers guarantee. There's no rush,

631
00:30:05,200 --> 00:30:05,880
Speaker 5: I don't think.

632
00:30:06,080 --> 00:30:09,920
Speaker 4: Yeah, you're like, I really want this, Yeah, all right.

633
00:30:09,960 --> 00:30:12,040
Speaker 4: I want to know you mentioned before you have a

634
00:30:12,080 --> 00:30:14,920
Speaker 4: hextet and a car loan. Tell me about the debts

635
00:30:14,920 --> 00:30:15,320
Speaker 4: that you have.

636
00:30:15,840 --> 00:30:19,680
Speaker 5: Yeah, so my HEX debt was at ninety eight thousand

637
00:30:19,760 --> 00:30:24,000
Speaker 5: dollars as of yesterday. However, I've just done my tax

638
00:30:24,120 --> 00:30:26,840
Speaker 5: and it's now sitting at eighty one thousand dollars.

639
00:30:26,960 --> 00:30:30,479
Speaker 4: So, oh, that's a nice drop down, Yes, it is.

640
00:30:30,720 --> 00:30:34,880
Speaker 5: However, we still get the HEX refund. I think it's

641
00:30:35,080 --> 00:30:37,360
Speaker 5: around three percent.

642
00:30:37,520 --> 00:30:40,400
Speaker 4: Yeah, because of the indexation that they applied, and now

643
00:30:40,440 --> 00:30:43,720
Speaker 4: they're going back and reimbursing you for that, which is

644
00:30:43,800 --> 00:30:45,160
Speaker 4: kind of sexy. Yeah.

645
00:30:45,280 --> 00:30:48,280
Speaker 5: I mean, I can't believe how much I care about

646
00:30:48,320 --> 00:30:51,840
Speaker 5: this now. If someone told me this before I started UNI,

647
00:30:52,120 --> 00:30:55,239
Speaker 5: I would have definitely have thought about the course I

648
00:30:55,360 --> 00:30:57,920
Speaker 5: was doing. I think a lot of people get stuck

649
00:30:58,200 --> 00:31:01,160
Speaker 5: at high school choosing a core and they never get

650
00:31:01,360 --> 00:31:04,440
Speaker 5: told about the indexation or the debt and how this

651
00:31:04,480 --> 00:31:07,080
Speaker 5: affects your mortgage foreign capacity as well.

652
00:31:07,280 --> 00:31:11,000
Speaker 4: Yeah, it's wild something that I look back on my

653
00:31:11,360 --> 00:31:14,280
Speaker 4: you know, career at high school, and I just remember

654
00:31:14,320 --> 00:31:16,480
Speaker 4: the pressure of people going, well, what are you going

655
00:31:16,560 --> 00:31:17,520
Speaker 4: to do when you get to UNI?

656
00:31:17,720 --> 00:31:19,120
Speaker 1: What subjects are you going to pick?

657
00:31:19,200 --> 00:31:21,080
Speaker 4: Because you have to do this, this, this, and this

658
00:31:21,160 --> 00:31:24,600
Speaker 4: to get into this particular unicorse. So like I'm sixteen

659
00:31:24,640 --> 00:31:26,800
Speaker 4: and thinking about what I'm picking in my you know,

660
00:31:27,000 --> 00:31:31,040
Speaker 4: year eleven and twelve classes to get a good career.

661
00:31:31,400 --> 00:31:33,840
Speaker 4: But I'm sixteen. I don't even have a fully developed

662
00:31:33,840 --> 00:31:35,720
Speaker 4: brain yet, and you expect me to know what I

663
00:31:35,760 --> 00:31:37,320
Speaker 4: want to do for the rest of my life. Like,

664
00:31:37,640 --> 00:31:38,960
Speaker 4: what I want to do for the rest of my

665
00:31:39,000 --> 00:31:41,120
Speaker 4: life is convince my mom to buy a four pack

666
00:31:41,160 --> 00:31:44,480
Speaker 4: of vodka Cruisers. Like that's all I cared about at

667
00:31:44,520 --> 00:31:46,720
Speaker 4: the time, and my mom wouldn't do it. I was

668
00:31:46,800 --> 00:31:49,920
Speaker 4: really hard done by. So I just feel like it's

669
00:31:50,080 --> 00:31:52,360
Speaker 4: wild to think the amount of pressure that is being

670
00:31:52,400 --> 00:31:57,120
Speaker 4: put on kids without fully explaining to them, like, oh, hey.

671
00:31:57,040 --> 00:31:59,360
Speaker 1: The financial impacts of this or this and this.

672
00:31:59,560 --> 00:32:01,880
Speaker 4: Like one of the things I wish I did was

673
00:32:01,920 --> 00:32:04,640
Speaker 4: take a gap year, and like my little sister did it,

674
00:32:04,680 --> 00:32:07,360
Speaker 4: and I've always been a little bit envious of the

675
00:32:07,400 --> 00:32:09,520
Speaker 4: freedom that she got from being able to take a

676
00:32:09,600 --> 00:32:11,720
Speaker 4: year travel, you know, have a little bit of fun.

677
00:32:12,080 --> 00:32:14,280
Speaker 4: I'm not saying I could have afforded it, but I

678
00:32:14,360 --> 00:32:16,840
Speaker 4: just know that if I had had that grace, I

679
00:32:16,920 --> 00:32:19,000
Speaker 4: probably would have gone into what I'm doing now a

680
00:32:19,000 --> 00:32:21,960
Speaker 4: lot quicker. I did two psychology degrees and then I

681
00:32:22,000 --> 00:32:24,040
Speaker 4: went into business. And don't get me wrong, I think

682
00:32:24,040 --> 00:32:27,280
Speaker 4: I use psychology every day and I adore it. But

683
00:32:28,200 --> 00:32:30,400
Speaker 4: I probably would have gone a very different path and

684
00:32:30,440 --> 00:32:32,480
Speaker 4: I ended up in the same situation as you, where

685
00:32:32,480 --> 00:32:35,239
Speaker 4: I basically had a six figure hex stet and I

686
00:32:35,320 --> 00:32:36,040
Speaker 4: don't know how I.

687
00:32:36,040 --> 00:32:39,840
Speaker 5: Did that and how much it affects your borrowing capacity

688
00:32:40,000 --> 00:32:44,600
Speaker 5: is absolutely out of this world. So I did a comparison,

689
00:32:44,840 --> 00:32:47,240
Speaker 5: and I think I could borrow up to nine hundred thousand,

690
00:32:47,880 --> 00:32:50,840
Speaker 5: and then now my boring capacity is at five hundred

691
00:32:50,880 --> 00:32:51,560
Speaker 5: and three thousand.

692
00:32:51,720 --> 00:32:55,080
Speaker 4: That is wild. I don't think I've seen it impact

693
00:32:55,080 --> 00:32:56,920
Speaker 4: it that much. I feel like there might be some

694
00:32:57,080 --> 00:32:59,880
Speaker 4: like interest rate changes in there as well. But that

695
00:33:00,000 --> 00:33:02,680
Speaker 4: that's why we want to talk to a broker about

696
00:33:02,680 --> 00:33:05,320
Speaker 4: what we can do and what that looks like. Because

697
00:33:05,320 --> 00:33:08,200
Speaker 4: a story like that might make you go, oh, well,

698
00:33:08,240 --> 00:33:11,200
Speaker 4: in that case, I'm going to pay off my hext asap.

699
00:33:11,680 --> 00:33:13,640
Speaker 4: But if you've chosen to do that, you're going to

700
00:33:13,640 --> 00:33:17,040
Speaker 4: put yourself further behind in the property game. So we

701
00:33:17,160 --> 00:33:21,320
Speaker 4: need to be having these conversations with mortgage brokers to go, well,

702
00:33:21,560 --> 00:33:22,240
Speaker 4: is it worth me.

703
00:33:22,200 --> 00:33:22,840
Speaker 1: Paying that off?

704
00:33:22,840 --> 00:33:25,520
Speaker 4: And they might go, yeah, actually because X, Y and Z,

705
00:33:26,040 --> 00:33:28,280
Speaker 4: or they might say, don't do that at all, because

706
00:33:28,400 --> 00:33:31,160
Speaker 4: it makes sense. So we need to have these conversations

707
00:33:31,160 --> 00:33:33,480
Speaker 4: with somebody who can actually put you in the best

708
00:33:33,480 --> 00:33:38,080
Speaker 4: possible position. So if that's you, obviously I'm passionate about

709
00:33:38,120 --> 00:33:40,240
Speaker 4: this because I own a mortgage broken company and we

710
00:33:40,280 --> 00:33:43,320
Speaker 4: can chat. But at the same time, I think, don't

711
00:33:43,320 --> 00:33:46,480
Speaker 4: make a decision before having an educated conversation. I think

712
00:33:46,520 --> 00:33:48,840
Speaker 4: so many times we can make decisions based on how

713
00:33:48,920 --> 00:33:51,640
Speaker 4: scared we are, and that definitely would have been me

714
00:33:51,960 --> 00:33:55,320
Speaker 4: if historically I didn't sit down and do the actual numbers.

715
00:33:56,200 --> 00:34:00,560
Speaker 4: I agree money diarist, I feel like with your history

716
00:34:00,600 --> 00:34:03,760
Speaker 4: of being one of seven and going through arguably a

717
00:34:03,800 --> 00:34:07,400
Speaker 4: pretty tumultuous period of time between your parents splitting up

718
00:34:07,440 --> 00:34:09,920
Speaker 4: and the drought, you probably have some good money tips,

719
00:34:10,320 --> 00:34:13,920
Speaker 4: especially being a poor UNI student and one that traveled

720
00:34:13,960 --> 00:34:17,040
Speaker 4: to twenty plus countries. So do you have any good

721
00:34:17,080 --> 00:34:19,320
Speaker 4: money tips or tricks for us? What is your best

722
00:34:19,360 --> 00:34:20,000
Speaker 4: money habit?

723
00:34:20,200 --> 00:34:24,040
Speaker 5: My best money habit is definitely when I get paid.

724
00:34:24,239 --> 00:34:27,520
Speaker 5: I have an up banking account and I put half

725
00:34:27,560 --> 00:34:29,520
Speaker 5: of my pay Like I said, it used to be

726
00:34:29,560 --> 00:34:32,120
Speaker 5: in my investment fund. Now it's just in my savings

727
00:34:32,160 --> 00:34:36,760
Speaker 5: account going on that house deposit, and I have honestly

728
00:34:36,840 --> 00:34:41,000
Speaker 5: probably about fifteen different little savings accounts on UP. I

729
00:34:41,080 --> 00:34:45,680
Speaker 5: love that. From eyelashers to hair, two shoes, to whatever

730
00:34:45,719 --> 00:34:49,520
Speaker 5: I need obviously bills and everything included that goes in

731
00:34:49,560 --> 00:34:54,000
Speaker 5: there straight away, and any leftover money that's not on bills.

732
00:34:54,120 --> 00:34:56,799
Speaker 5: And I give myself eight hundred dollars a week when

733
00:34:56,840 --> 00:34:59,760
Speaker 5: I'm home to spend on food, going out and leisure

734
00:34:59,800 --> 00:35:04,600
Speaker 5: things gets put away to an emergency account, and gradually

735
00:35:04,640 --> 00:35:08,360
Speaker 5: that the count builds up. And yeah, that's how I save.

736
00:35:08,920 --> 00:35:14,160
Speaker 5: I also like to bolt food prep as well when

737
00:35:14,200 --> 00:35:17,360
Speaker 5: I'm home, if I can be bothered prepping food. That

738
00:35:17,560 --> 00:35:21,680
Speaker 5: is one thing I've noticed is Marley Spoon is very

739
00:35:21,719 --> 00:35:25,160
Speaker 5: good for prepping your meals on a bit of a

740
00:35:25,239 --> 00:35:26,960
Speaker 5: lower cost budget.

741
00:35:27,200 --> 00:35:29,759
Speaker 4: I feel like people think that that's insane, but it

742
00:35:29,840 --> 00:35:30,560
Speaker 4: is much cheaper.

743
00:35:30,640 --> 00:35:34,319
Speaker 5: Hey, it actually is cheaper. So my partner loves going

744
00:35:34,360 --> 00:35:36,319
Speaker 5: to the shops. I don't know why he will go

745
00:35:36,360 --> 00:35:38,719
Speaker 5: to calls two to three times a day, sometimes on

746
00:35:38,760 --> 00:35:39,320
Speaker 5: the weekend.

747
00:35:40,440 --> 00:35:41,560
Speaker 4: So get a life.

748
00:35:42,760 --> 00:35:44,520
Speaker 1: I can't think of anything worse.

749
00:35:45,360 --> 00:35:46,840
Speaker 5: I won't get out of the car.

750
00:35:47,120 --> 00:35:49,279
Speaker 4: No if I have to go to calls, we're going

751
00:35:49,320 --> 00:35:53,000
Speaker 4: to do click and collect, Like no, Who'll be.

752
00:35:52,960 --> 00:35:55,279
Speaker 5: Like, oh I forgot something, Oh I've got this. Oh

753
00:35:55,440 --> 00:35:56,359
Speaker 5: just go to Colls later.

754
00:35:56,400 --> 00:35:59,680
Speaker 4: I'm like, no, but mate, it's going on my list.

755
00:36:00,000 --> 00:36:01,799
Speaker 4: I'm going to get it later in the week. Like

756
00:36:01,840 --> 00:36:04,800
Speaker 4: we're not going every day, Like oh, he must spend

757
00:36:04,880 --> 00:36:06,360
Speaker 4: so much at the grocery shop.

758
00:36:06,640 --> 00:36:11,000
Speaker 5: My partner seems to have no debt and spend very little,

759
00:36:11,280 --> 00:36:14,920
Speaker 5: so he's happy with me going and tuna for dinner.

760
00:36:15,120 --> 00:36:17,000
Speaker 4: I'm not okay with that. No, that was good at

761
00:36:17,080 --> 00:36:20,000
Speaker 4: university and it was novel. I think that if you

762
00:36:20,080 --> 00:36:22,680
Speaker 4: asked me to eat a packet of me going noodles today,

763
00:36:22,800 --> 00:36:25,680
Speaker 4: I kind of would have flashbacks, and I'm not okay

764
00:36:25,680 --> 00:36:25,920
Speaker 4: with that.

765
00:36:26,680 --> 00:36:29,720
Speaker 5: Yeah, but then he'll asked eat half of my leftover food.

766
00:36:29,920 --> 00:36:32,440
Speaker 1: So yeah, because it's good because it's Marley Spoon.

767
00:36:33,680 --> 00:36:36,799
Speaker 5: Yeah, but I found Marley Spoon to be a big

768
00:36:36,840 --> 00:36:41,760
Speaker 5: help in my budget for food costs and honestly cutting

769
00:36:41,800 --> 00:36:44,000
Speaker 5: down my drinking when I'm home. There's a bit of

770
00:36:44,000 --> 00:36:46,279
Speaker 5: a build up for when you're on site. When you

771
00:36:46,280 --> 00:36:48,680
Speaker 5: get home, all these exciting things you can do get

772
00:36:48,760 --> 00:36:51,360
Speaker 5: fomo when you're on site, so you start creating a

773
00:36:51,400 --> 00:36:53,000
Speaker 5: list on what you want to do in your home,

774
00:36:53,120 --> 00:36:56,480
Speaker 5: and I think, yeah, cutting down drinking and maybe planning

775
00:36:56,600 --> 00:36:59,279
Speaker 5: one to two activities on your R and R is

776
00:36:59,320 --> 00:37:02,319
Speaker 5: more reasonable than doing something every single day and trying

777
00:37:02,360 --> 00:37:04,040
Speaker 5: to make up for the fact that you're away.

778
00:37:04,480 --> 00:37:07,319
Speaker 4: That's fair and I feel like that probably happens a

779
00:37:07,320 --> 00:37:09,560
Speaker 4: lot at the start of your mining career, and as

780
00:37:09,600 --> 00:37:11,400
Speaker 4: you get further in, you're like, I can't be bothered

781
00:37:11,440 --> 00:37:11,680
Speaker 4: with this.

782
00:37:12,360 --> 00:37:15,799
Speaker 5: No, And it's meant to be an R and R

783
00:37:16,160 --> 00:37:19,399
Speaker 5: for a reason. You're meant to rest and recover and

784
00:37:19,640 --> 00:37:22,560
Speaker 5: not go out drinking partying every week.

785
00:37:23,440 --> 00:37:27,880
Speaker 4: Yeah, okay, well tell that to someone else. Yeah, tell

786
00:37:27,920 --> 00:37:30,520
Speaker 4: me abb about your worst money out of it? What

787
00:37:30,600 --> 00:37:31,520
Speaker 4: do you think that is?

788
00:37:32,040 --> 00:37:38,640
Speaker 5: I love food, and I do like fancy drinks and cocktails,

789
00:37:38,840 --> 00:37:42,000
Speaker 5: and I do love splurging out if I'm not in

790
00:37:42,080 --> 00:37:45,960
Speaker 5: the best mental headspace, so I will go to the

791
00:37:45,960 --> 00:37:47,640
Speaker 5: shops and just buy a pair of shoes or a

792
00:37:47,640 --> 00:37:50,600
Speaker 5: pair of jeans or something just to make myself feel better,

793
00:37:50,800 --> 00:37:53,799
Speaker 5: and then I feel really guilty about it. So I

794
00:37:53,800 --> 00:37:57,200
Speaker 5: think instead of splurging, maybe putting some time between my

795
00:37:57,280 --> 00:38:01,040
Speaker 5: purchases or actually dealing with how feeling in the first

796
00:38:01,040 --> 00:38:03,520
Speaker 5: place would probably be a good idea, maybe some breath

797
00:38:03,520 --> 00:38:04,960
Speaker 5: work or meditation.

798
00:38:05,160 --> 00:38:06,000
Speaker 1: That sounds like me.

799
00:38:06,160 --> 00:38:09,080
Speaker 4: That's why I'm always telling people like, put twenty four

800
00:38:09,080 --> 00:38:12,080
Speaker 4: hours between you and you're spending, And it's mainly me

801
00:38:12,200 --> 00:38:14,680
Speaker 4: trying to convince myself that I should do that. If

802
00:38:14,760 --> 00:38:17,200
Speaker 4: I'm having a bad day, I get a little bit spendy.

803
00:38:17,480 --> 00:38:19,680
Speaker 4: It's good to be able to recognize it. But I

804
00:38:19,719 --> 00:38:23,960
Speaker 4: think it's interesting because so many of us will say, oh,

805
00:38:24,040 --> 00:38:27,040
Speaker 4: I'm feeling a bit spendy, but we know that that's

806
00:38:27,040 --> 00:38:29,319
Speaker 4: not going to make us feel better, but somehow we

807
00:38:29,400 --> 00:38:31,120
Speaker 4: still want to do it, like we want to do

808
00:38:31,160 --> 00:38:32,920
Speaker 4: it just to feel something, or we want to do

809
00:38:33,000 --> 00:38:35,920
Speaker 4: it for that dopamine rush, and then the dopamine come

810
00:38:35,960 --> 00:38:38,520
Speaker 4: down sucks because you're like, oh, well, now I still

811
00:38:38,520 --> 00:38:41,840
Speaker 4: feel trash about that situation. And I'm also two hundred

812
00:38:41,840 --> 00:38:44,719
Speaker 4: dollars short, Like I think that there needs to be

813
00:38:44,760 --> 00:38:46,680
Speaker 4: more thought in it, but it's so hard to do that,

814
00:38:46,920 --> 00:38:48,080
Speaker 4: especially in the moment.

815
00:38:48,320 --> 00:38:49,759
Speaker 1: So I get it.

816
00:38:49,760 --> 00:38:52,239
Speaker 4: It's not the worst money have it, and thankfully you

817
00:38:52,320 --> 00:38:54,319
Speaker 4: earn more than enough for that not to be the

818
00:38:54,360 --> 00:38:57,880
Speaker 4: worst thing. In the world Money Diarist, We've had a

819
00:38:57,880 --> 00:39:00,000
Speaker 4: good chat. I've learned a lot about you. I feel

820
00:39:00,120 --> 00:39:01,560
Speaker 4: like you're the type of person I just want to

821
00:39:01,600 --> 00:39:03,480
Speaker 4: be friends with you, So we'll just keep in contact

822
00:39:03,520 --> 00:39:06,200
Speaker 4: for a really long time as good. But you're earning

823
00:39:06,239 --> 00:39:09,439
Speaker 4: one hundred and eighty seven thousand dollars, You're only twenty eight,

824
00:39:09,520 --> 00:39:13,560
Speaker 4: You're putting in so many hours at work. You're clearly

825
00:39:13,800 --> 00:39:16,560
Speaker 4: about to get a new home, which is so exciting,

826
00:39:16,600 --> 00:39:19,160
Speaker 4: And I have all my fingers and toes crossed for you.

827
00:39:19,160 --> 00:39:22,640
Speaker 4: You're saving literally half of your paycheck. You're thinking about

828
00:39:22,680 --> 00:39:25,160
Speaker 4: meal prepping. You know you're not investing right now, but

829
00:39:25,239 --> 00:39:27,200
Speaker 4: you were, and you used it to your advantage and

830
00:39:27,200 --> 00:39:30,319
Speaker 4: you're a better position because of it. And you've just

831
00:39:30,360 --> 00:39:32,879
Speaker 4: got all of these plans and I'm so excited about it.

832
00:39:32,920 --> 00:39:35,080
Speaker 4: But at the start of the episode, you rated yourself

833
00:39:35,080 --> 00:39:40,000
Speaker 4: a C plus, Like, be for real, tell me a

834
00:39:40,000 --> 00:39:42,319
Speaker 4: bit more about this C plus, Like we've had this

835
00:39:42,480 --> 00:39:45,359
Speaker 4: great chat, Like you're planning to sell your car and

836
00:39:45,800 --> 00:39:47,120
Speaker 4: you know you want to get rid of that debt,

837
00:39:47,160 --> 00:39:49,319
Speaker 4: and you're really thoughtful about this. You knew off the

838
00:39:49,360 --> 00:39:52,560
Speaker 4: top of your head what your hextet was like and

839
00:39:52,600 --> 00:39:55,239
Speaker 4: you somehow think you're a C plus. Please riddle me

840
00:39:55,320 --> 00:39:56,279
Speaker 4: how that makes sense.

841
00:39:56,560 --> 00:40:00,399
Speaker 5: Because my salary is so good, it looks like that

842
00:40:00,440 --> 00:40:04,279
Speaker 5: my money habits are better than what they are. But

843
00:40:04,800 --> 00:40:08,160
Speaker 5: I honestly feel like I have way too much learning

844
00:40:08,440 --> 00:40:11,920
Speaker 5: to go to rate myself higher. I have read all

845
00:40:11,960 --> 00:40:14,759
Speaker 5: your books and listen to pretty much every podcast.

846
00:40:14,960 --> 00:40:15,640
Speaker 1: I love this.

847
00:40:16,800 --> 00:40:19,280
Speaker 4: How unlucky for you?

848
00:40:19,320 --> 00:40:23,319
Speaker 5: No, I would ideally want to retire quite young. My

849
00:40:23,360 --> 00:40:25,839
Speaker 5: parents will never get to retire, and if I want

850
00:40:25,840 --> 00:40:28,719
Speaker 5: to do that, I really need to put in some

851
00:40:28,760 --> 00:40:33,600
Speaker 5: more effort in my spending, hopefully by another property after

852
00:40:33,640 --> 00:40:36,600
Speaker 5: this one in the next year or so. So yeah,

853
00:40:36,760 --> 00:40:39,040
Speaker 5: I have a long long way to go. So I

854
00:40:39,080 --> 00:40:42,080
Speaker 5: won't rate myself higher just yet, but maybe in a year.

855
00:40:42,680 --> 00:40:45,879
Speaker 4: I feel like that is a really good reflection, and

856
00:40:45,920 --> 00:40:48,120
Speaker 4: it's quite clear you know what you want to achieve

857
00:40:48,800 --> 00:40:51,319
Speaker 4: at that salary level. That's when I start to go.

858
00:40:51,480 --> 00:40:54,440
Speaker 4: Have you spoken to a financial advisor? Is that something

859
00:40:54,480 --> 00:40:56,640
Speaker 4: that you have done or you would consider doing?

860
00:40:56,920 --> 00:41:01,319
Speaker 5: So? I did get a financial advisor contact, and then

861
00:41:01,320 --> 00:41:02,000
Speaker 5: I lost it.

862
00:41:02,880 --> 00:41:04,960
Speaker 4: I can give you a new one. I have somebody

863
00:41:05,000 --> 00:41:07,719
Speaker 4: who's actually in your city. I won't mention them here

864
00:41:07,800 --> 00:41:10,439
Speaker 4: on the podcast because we haven't given that away thus far.

865
00:41:10,760 --> 00:41:12,640
Speaker 4: But I'm going to set you up with that later

866
00:41:12,719 --> 00:41:14,880
Speaker 4: because I think that that's probably one of the best

867
00:41:14,880 --> 00:41:17,400
Speaker 4: things you can do at twenty eight on that salary.

868
00:41:17,880 --> 00:41:20,399
Speaker 4: It might be a little bit expensive, but I think

869
00:41:20,440 --> 00:41:23,319
Speaker 4: that it would be money very very well invested to

870
00:41:23,400 --> 00:41:26,360
Speaker 4: make sure that you're in the best possible position moving forward.

871
00:41:26,760 --> 00:41:28,920
Speaker 4: It's one of those things where a lot of people say,

872
00:41:29,160 --> 00:41:32,160
Speaker 4: is it worth getting financial advice, and like, I can't

873
00:41:32,200 --> 00:41:34,920
Speaker 4: say yes to that because sometimes it's not worth it.

874
00:41:35,000 --> 00:41:38,240
Speaker 4: Like sometimes people have such clean, clear budget and cash

875
00:41:38,239 --> 00:41:41,160
Speaker 4: flow systems and they've got their own investing plan and

876
00:41:41,200 --> 00:41:43,520
Speaker 4: they have their property plan, and they go, well, even

877
00:41:43,520 --> 00:41:45,200
Speaker 4: if I saw an advisor like this is what I

878
00:41:45,239 --> 00:41:47,640
Speaker 4: want to do, I've got absolutely no interest in changing,

879
00:41:47,680 --> 00:41:49,840
Speaker 4: and I've already done all my personal insurance as Victoria

880
00:41:49,840 --> 00:41:52,600
Speaker 4: and I go, well, don't bother, Like it literally would

881
00:41:52,640 --> 00:41:55,120
Speaker 4: be a waste of both of your time. But where

882
00:41:55,160 --> 00:41:57,520
Speaker 4: you're at knowing that you have so much to achieve

883
00:41:57,640 --> 00:41:59,839
Speaker 4: and you need a plan to do that, I feel

884
00:41:59,880 --> 00:42:02,600
Speaker 4: like get to one of those situations where it's not

885
00:42:02,640 --> 00:42:05,600
Speaker 4: because you earn heaps, it's because they could actually have

886
00:42:05,640 --> 00:42:07,600
Speaker 4: a really big impact on what you want to do.

887
00:42:08,160 --> 00:42:10,640
Speaker 4: So for me, I think that is a good place

888
00:42:10,680 --> 00:42:12,239
Speaker 4: and probably a good place to leave it because I've

889
00:42:12,320 --> 00:42:12,959
Speaker 4: run out of time.

890
00:42:13,040 --> 00:42:14,000
Speaker 1: I've spoken to you for.

891
00:42:14,040 --> 00:42:17,680
Speaker 4: Ages and I've adored this, but unfortunately that's all we

892
00:42:17,800 --> 00:42:20,520
Speaker 4: have time for today. So Money Darist, thank you for

893
00:42:20,600 --> 00:42:21,160
Speaker 4: joining us.

894
00:42:21,200 --> 00:42:22,000
Speaker 1: I have adored this.

895
00:42:22,120 --> 00:42:24,560
Speaker 4: I feel like I've made a new best friend, and

896
00:42:24,680 --> 00:42:27,080
Speaker 4: I know that our community are going to feel exactly

897
00:42:27,120 --> 00:42:27,680
Speaker 4: the same way.

898
00:42:27,719 --> 00:42:30,160
Speaker 1: So thank you so much for joining us today.

899
00:42:30,440 --> 00:42:33,360
Speaker 5: Thanks Victoria, so lovely to meet you, and thanks to

900
00:42:33,400 --> 00:42:33,759
Speaker 5: the chat.

901
00:42:33,920 --> 00:42:42,280
Speaker 4: Of course, the advice shared on She's on the Money

902
00:42:42,400 --> 00:42:46,160
Speaker 4: is general in nature and does not consider your individual circumstances.

903
00:42:46,520 --> 00:42:49,920
Speaker 4: She's on the Money exists purely for educational purposes and

904
00:42:49,960 --> 00:42:52,400
Speaker 4: should not be relied upon to make an investment or

905
00:42:52,480 --> 00:42:56,120
Speaker 4: financial decision. If you do choose to buy a financial.

906
00:42:55,680 --> 00:42:59,680
Speaker 6: Product, read the PDS TMD and obtain appropriate financial.

907
00:42:59,239 --> 00:43:01,080
Speaker 1: Advice Taylor towards your needs.

908
00:43:01,400 --> 00:43:05,360
Speaker 6: Victoria Divine and She's on the Money are authorized representatives

909
00:43:05,400 --> 00:43:07,879
Speaker 6: of Money sherper P T y L t D A

910
00:43:07,880 --> 00:43:10,799
Speaker 6: B N three two one six four nine two seven

911
00:43:10,920 --> 00:43:13,759
Speaker 6: seven zero eight A F S L four five, one,

912
00:43:13,960 --> 00:43:15,640
Speaker 6: two eight nine,