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Speaker 1: My name's Snatasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country. Te Glenn Young Ganya Niana,

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Speaker 1: Kaka yah Ya bin ah Waka Nian our gay In Nimbini,

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Speaker 1: yak um Jar, dominyamiga Umaga, Ihowaka, Nile, Waman damon Immalan,

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Speaker 1: Bimba bang gadabomba in and now in Waka ghana on

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Speaker 1: yak rum Jar Watanadaa. Hello, beautiful friends, we gather on

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Speaker 1: the lands of the Aboriginal people. We thank acknowledge and

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Speaker 1: respect the Abiginal people's land that we're gathering on today.

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Speaker 1: Take pleasure in all the land and respect all that

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Speaker 1: you see. She's on the Money podcast acknowledges culture, country,

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Speaker 1: community and connections, bringing you the tools, knowledge and resources

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Speaker 1: for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money. Hello, and welcome to She's on

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Speaker 3: the Money, the podcast that let you be permy about

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Speaker 3: other people's money stories for educational purposes, of course. Welcome

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Speaker 3: back to another one of our money diaries, brought to

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Speaker 3: you by our friends at sky Wealth, where we get

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Speaker 3: to talk with one of our incredible She's on the

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Speaker 3: Money community members all about their journey. Let's jump straight

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Speaker 3: into it, because this week I got a message and

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Speaker 3: it sounded exactly like this. Hi, she's on the money.

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Speaker 3: This time last year, I was in a not so

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Speaker 3: nice sharehouse situation, to put it politely. On top of that,

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Speaker 3: I felt like I was always going to be renting,

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Speaker 3: as home ownership had always seemed so far out of reach.

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Speaker 3: So I moved back home from my mental health thinking

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Speaker 3: I had failed as a freshly thirty year old, and

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Speaker 3: started to save. After eight months, saving twenty thousand dollars

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Speaker 3: and making their help to byascheme my entire personality, I

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Speaker 3: picked up the keys to my new apartment. The cherry

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Speaker 3: on top is that my monthly repayments are cheaper than

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Speaker 3: what my rent would have been. I would love to

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Speaker 3: share my story on this wild ride I've been on money. Doris,

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Speaker 3: Welcome to the show.

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Speaker 2: Hello, Thank you for having me. I'm very excited.

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Speaker 3: I am super excited because I just feel like the

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Speaker 3: narrative around millennials owning property at the moment is just

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Speaker 3: so negative and there's not a lot of positive stories.

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Speaker 3: But this is a very positive and very exciting one.

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Speaker 2: Yeah, it's definitely. I would say a controversial one for

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Speaker 2: some people because I think if you don't know much

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Speaker 2: about something, it's a little scary. But after a lot

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Speaker 2: of research, is the best solution for me.

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Speaker 3: And I feel like it's really hard as well at

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Speaker 3: the moment, because we all have these dreams of like,

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Speaker 3: and I'm assuming that you're growing up, You're like, by thirty,

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Speaker 3: I'm going to have two point five kids, and I'm

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Speaker 3: probably going to own a whole house on a really

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Speaker 3: big property, and like, we have all of these I

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Speaker 3: guess stereotypical ideas of what we could achieve and what

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Speaker 3: is possible, but that's unfortunately not the reality. I don't

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Speaker 3: know if it's unfortunate or just not the reality. But

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Speaker 3: let's learn more about you before I start talking, even

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Speaker 3: more before we dive in. My friend, if I asked

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Speaker 3: you to give your money habits a grade from A

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Speaker 3: through to F, what grade would you give them?

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Speaker 2: I'm going to give myself a C or a C plus.

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Speaker 2: I think I'm just above average. I think I'm doing

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Speaker 2: pretty well, but I could be better, just like above average.

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Speaker 3: I think I really want to have a little argument

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Speaker 3: with you later, not now, I'll learn more first, but like,

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Speaker 3: be for real, I need to quote you on this

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Speaker 3: after eight months and saving twenty thousand dollars. Yeah, sorry,

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Speaker 3: that's a C or C plus money behavior, like be

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Speaker 3: so for real?

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Speaker 2: Well, I was in the very fortunate position where I

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Speaker 2: could live at home rent free one hundred percent.

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Speaker 3: But do you know how many people in this community

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Speaker 3: leave home rent free have debt?

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Speaker 2: That's true. I've been canceled out some debt, which is great.

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Speaker 2: I got rid of my credit card. Look at you go.

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Speaker 2: I love this.

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Speaker 3: All right, let's dive in my favorite question ever, and

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Speaker 3: I think it's everybody else's as well. Let's go back.

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Speaker 3: Can you tell me a little bit more about your

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Speaker 3: money story.

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Speaker 2: I think I'd say I've been relatively good about money

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Speaker 2: in my adult life, Like when I moved out of

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Speaker 2: home for the first time, I always like prioritized rent

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Speaker 2: and bills, making sure that you know, I could survive

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Speaker 2: on my own pretty much and meet those kind of

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Speaker 2: deadlines without sort of any financial stress, And so I'd

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Speaker 2: always make money for that.

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Speaker 3: What prompted you to move out of home?

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Speaker 2: It just felt the right time, Like I had finished UNI,

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Speaker 2: I got my first big full time job. I was

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Speaker 2: like move out.

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Speaker 3: Yep, fair, very fair. I'm always pervy because like I

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Speaker 3: moved out of home when I was like eighteen, and

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Speaker 3: I had to basically because I needed to for study.

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Speaker 3: Like my parents would have kept me forever, I'm pretty sure.

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Speaker 3: Don't ask them. I don't want to know the actual

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Speaker 3: answer to that, but they would have kept me. But

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Speaker 3: I just had to, And that, you know, is a

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Speaker 3: very big part of my money story. But I'm like,

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Speaker 3: why do you leave then? Yeah, like if we didn't

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Speaker 3: have to pay rent when we moved back home.

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Speaker 2: I moved out of home when I was twenty six.

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Speaker 2: So I did UNI for quite a long time. I

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Speaker 2: did a diploma and then I went into a degree,

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Speaker 2: So I was studying for about six years, with like

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Speaker 2: a gap year in between as well. So definitely a

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Speaker 2: late bloomer.

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Speaker 3: And why late bloomer? What does that mean to you?

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Speaker 2: Oh? I think it's kind of like you finish a

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Speaker 2: degree within like a few years, and then like you

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Speaker 2: move out of home at like or like when you

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Speaker 2: said eighteen or twenty three or twenty two when you finish.

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Speaker 2: So I think I felt like I was kind of

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Speaker 2: a couple of years behind that. But no, I was

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Speaker 2: glad that I was in a position where I could

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Speaker 2: move out by myself, because there was definitely something I

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Speaker 2: wanted to do as I liked my own space. I

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Speaker 2: like to design things how I like them, without other

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Speaker 2: people's furniture. Oh totally, yeah, and yeah, minimize that kind

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Speaker 2: of people's expectations.

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Speaker 3: Oh totally. You don't have a curfew, but you feel

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Speaker 3: like you've got a curfew.

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Speaker 2: Yeah. But like if I had dishes on my kitchen sink,

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Speaker 2: there were mine and mine alone to clean that.

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Speaker 3: It's just your space. You don't have to worry about

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Speaker 3: anybody else living in them exactly, all right, So tell

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Speaker 3: me a bit more. I want to know about this

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Speaker 3: housemate situation. And I know you said, oh, was there

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Speaker 3: not so nice housing situation? To put it politely, Can

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Speaker 3: we like get the not polite version, because that it's

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Speaker 3: way more fun.

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Speaker 2: I think it was about to backtrack like a little bit.

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Speaker 2: It was about mid twenty twenty four I decided I

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Speaker 2: want to save more and move into a sharehouse. I

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Speaker 2: knew a couple of people there. I wouldn't describe them

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Speaker 2: as friends. I knew one of them. We were kind

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Speaker 2: of like more acquaintances than friends, So I thought it

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Speaker 2: would kind of be an easy relationship there. I think

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Speaker 2: I'll still remain a little diplomatic about it and say that, Like,

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Speaker 2: I think I'll just like our personalities.

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Speaker 3: We're smart women. We can read between the lines, and

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Speaker 3: you tell me what you want and I'll hear what

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Speaker 3: I want. Yeah, yeah, I'll say there was a conflict

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Speaker 3: and personality trait.

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Speaker 2: I like that.

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Speaker 3: Is this like the time that I lived in a

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Speaker 3: sharehouse and my vegan housemate throughout all of my met

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Speaker 3: oh gosh, from the freezer that my mum had like

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Speaker 3: pre ziplocked for me because I was at Uni and

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Speaker 3: that stuff was expensive, so you like froze everything. And

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Speaker 3: I came home one day and she just said she

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Speaker 3: couldn't mentally deal with having dead animals in her freezer.

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Speaker 2: Is it like that? Okay, it wasn't that hectic. Definitely

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Speaker 2: not that hectic.

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Speaker 3: Did your housemate borrow your underwear?

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Speaker 2: Because minded we respected each other's stuff. Still, I just

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Speaker 2: kind of felt like I couldn't be within my own house.

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Speaker 3: Of course, No, that's worse. You can throw away my

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Speaker 3: meat and steal my underwear, but don't make me feel

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Speaker 3: not welcome in my own home.

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Speaker 2: Honestly exactly. So yeah, I pretty much just breached breaking

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Speaker 2: point and decided that it's not worth my mental health.

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Speaker 3: No, absolutely not.

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Speaker 2: Yes, I didn't really have any money still, Like I

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Speaker 2: sort of went in there with the idea of saving more,

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Speaker 2: but I didn't really end up doing that. So my

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Speaker 2: parents were like, their bedroom is there, you can come back,

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Speaker 2: which was so lovely of them.

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Speaker 3: Yeah, that's so good. That's such a privilege to have,

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Speaker 3: but also just so nice to know that you've got

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Speaker 3: somewhere to land. Tell me, I'm going to be pervy.

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Speaker 3: Tell you moved into a share house to save money,

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Speaker 3: but then you said I didn't really why it happened.

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Speaker 2: I think the intention was there, but once I moved in,

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Speaker 2: I was like, oh, look how much more money I

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Speaker 2: have to Yeah, live, love last.

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Speaker 3: And yeah, I totally get it.

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Speaker 2: Yeah, and yeah, I had the intention, but not really

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Speaker 2: the building blocks to do so at that time. And

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Speaker 2: we also we had quite a nice house as well,

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Speaker 2: even though like my rent was like four hundred dollars less,

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Speaker 2: Like we had a cleaner come in every fortnight to

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Speaker 2: do like the bathrooms and the floors, which I had

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Speaker 2: never experienced before. So that was lovely.

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Speaker 3: Yeah, it's pretty nice.

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Speaker 2: We had like a bit of like a kitty of

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Speaker 2: like a money pool of like any sort of things

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Speaker 2: that we needed that were shared. Then we'd just put

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Speaker 2: some money into it each month for a Fortnite. I've

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Speaker 2: forgot how much it was, so yeah, I think it was,

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Speaker 2: even though I was saving on rent that were kind

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Speaker 2: of like other creeping expenses in there that I wasn't

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Speaker 2: quite expecting.

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Speaker 3: But we're still nice at the time, and it's so

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Speaker 3: easy as well to just feel like, oh, yeah, I'll

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Speaker 3: do that, like a cleaner every two weeks, split between

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Speaker 3: my housemates. Like that's not hard, that's good. Yeah, and

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Speaker 3: then it's one thing after another.

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Speaker 2: Right.

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Speaker 3: This is why I'm always so i won't say strict,

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Speaker 3: but very positive about budgeting and going no, no, no, like,

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Speaker 3: let's just write it all out, let's make sure that

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Speaker 3: we document everything, because it's the plumber with a leaky tap,

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Speaker 3: Like the second you start to not care that much,

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Speaker 3: she just filters away, and then all of a sudden,

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Speaker 3: you've lived in the sharehouse that you were meant to

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Speaker 3: save money, and you're like, where's the money?

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Speaker 2: Though I'm not doing much saving, but I'm also.

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Speaker 3: I don't even like living in this sharehouse and I

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Speaker 3: don't have any money. This is a bad deal.

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Speaker 2: I seem to keep ordering Uber each as well.

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Speaker 3: Oh that's easy, isn't it my weakness?

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Speaker 2: Yeah? Fair?

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Speaker 3: All right, so you've moved out or you've decided to

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Speaker 3: move back into your parents' bare bedroom. At that point,

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Speaker 3: were you like, look, and I know in your diary

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Speaker 3: you said I felt like I was failing as a

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Speaker 3: fresh thirty year old.

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Speaker 2: Yeah.

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Speaker 3: Did you then go, you know what, I need to

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Speaker 3: whip it into shape. I'm going to start budgeting. I'm

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Speaker 3: going to look at my cashlough or were you just like, Okay,

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Speaker 3: I've moved in with mum and dadd and now just

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Speaker 3: saving is easy? Like what was that process?

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Speaker 2: I really didn't have a clue at first. It was

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Speaker 2: really like figure out my next move, figure out where

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Speaker 2: I'm going to rent met next, I'll save up for

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Speaker 2: a moving truck. It really only became long term once

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Speaker 2: I decided what that money goal was going to be.

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Speaker 2: But it was really my sister. She kind of said

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Speaker 2: to me, don't make living with the parents not worthwhile.

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Speaker 2: I like it, let's do something with that money. Though

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Speaker 2: You're not like spending on rent. Let's not like with

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Speaker 2: it that away. So that was like a huge breakup

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Speaker 2: for me that I could actually, well, I had this

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Speaker 2: opportunity to save quite a lot of money whilst I

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Speaker 2: was living there.

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Speaker 3: Yeah, that is that is very good advice. So what

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Speaker 3: were your first steps? Was it just put some cash away?

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Speaker 3: Was it make a plan? What did it look like?

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Speaker 3: Especially because you said you knew nothing, you were like,

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Speaker 3: I don't know what I'm doing, Like help, Yeah.

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Speaker 2: So I think the first thing I did I did

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Speaker 2: pretty much an audit of everything that I paid for.

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Speaker 2: So seeing as I was no longer paying like internet, electricity,

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Speaker 2: rent or anything like that, I kind of looked at

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Speaker 2: how much I was spending in subscriptions and lifestyle and

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Speaker 2: discretionary things. I think I was there for about a

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Speaker 2: month or so or something, and then my mum sent

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Speaker 2: me this article saying that you can soon afford to

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Speaker 2: purchase your first home with only a two percent deposit.

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Speaker 3: Which is a big money.

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Speaker 2: We be thought that it was kind of like, oh,

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Speaker 2: maybe I'll save for travel, like we'll see kind of

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Speaker 2: like where it goes. So the intention of saving was there,

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Speaker 2: but I didn't really have like a set goal in

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Speaker 2: mind yet until that article came up and I was like,

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Speaker 2: this is what I'm going to do. Just just where

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Speaker 2: my focus is going to be.

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Speaker 3: That's very cool. So tell me a bit more about

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Speaker 3: your thoughts. I guess just on property, because you said

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Speaker 3: that the article was the thing that made you feel

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Speaker 3: like you could even think about property. Was that something

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Speaker 3: that you were like, one day, I'll own a property

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Speaker 3: or were you just like Nope, it's completely out of reach,

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Speaker 3: that's not for me, or like, at what point did

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Speaker 3: you ever consider it or was it only a goal

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Speaker 3: because you read this article.

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Speaker 2: I always liked the idea of owning. My sister bought

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Speaker 2: her place, a couple of friends bought their place, my parents'

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Speaker 2: own had the family home, and then they sold it

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Speaker 2: for a downsize. But I think it just always seems

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Speaker 2: so out of reach financially, Like I think I'm very

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Speaker 2: privileged on the income that I am on and that

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Speaker 2: I can't afford to live alone as a single person.

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Speaker 2: But given the economy, I was like, it's going to

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Speaker 2: be near possible for me to even build up a

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Speaker 2: deposit within a certain amount of time, or even service

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Speaker 2: a mortgage. Really, so I really had my head in

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Speaker 2: the sand about it being like, that's just not a

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Speaker 2: thing that's going to happen, so I may as well

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Speaker 2: not think about it.

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Speaker 3: Yeah, because it feels overwhelming until it became sort of

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Speaker 3: something that I could do, yeah, which I think is

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Speaker 3: really cool because there are so many options on the table.

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Speaker 3: And I guess that's why I'm asking because so many

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Speaker 3: times And this goes back to what I was saying

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Speaker 3: before about you know, we have these stereotypical ideas of

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Speaker 3: what a property is going to look like once we're thirty.

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Speaker 3: I feel like, in my head thirty year olds when

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Speaker 3: I was like twelve, those people were proper adults. They

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Speaker 3: had their stuff together. Yeah, they carried briefcases, you know,

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Speaker 3: like very official adults stuff. And now I'm in my

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Speaker 3: thirties and I could not feel more underqualified if I tried.

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Speaker 2: And I like them.

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Speaker 3: What do you mean people let me leave a hospital

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Speaker 3: with actual children meant to look up? There was no

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Speaker 3: like signature I needed, there's no vetting criteria. You mean

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Speaker 3: you trust me because I'm an adult, Okay, But when

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Speaker 3: it comes to property, I think that there is this

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Speaker 3: now outdated idea that the only way you can get

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Speaker 3: into property is that you have to have your twenty

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Speaker 3: percent deposit and also buying a property in Melbourne or

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Speaker 3: in Sydney, it's going to cost you at least a

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Speaker 3: million dollars and I think that that just makes you

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Speaker 3: go absolutely not, that's not on the table for me.

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Speaker 3: So we don't even look into what our options are.

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Speaker 3: But it's twenty twenty six and unfortunately the options on

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Speaker 3: the table do look different. You're not going to be

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Speaker 3: able to buy the family home, but you know what

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Speaker 3: you can do. You can buy apartments, you can buy

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Speaker 3: smaller rural properties, you can buy properties that are a

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Speaker 3: stepping stone towards that family home. And Florrie you're saying

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Speaker 3: it's not that hard because you did it.

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Speaker 2: I really feel like if I can do it, anyone

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Speaker 2: can do it. That's just it.

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Speaker 3: Like, I'm just a girl. How hard could it be?

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Speaker 2: Yeah? I mean as a single person as well, I

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Speaker 2: always thought like you needed like a partner or a

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Speaker 2: double income to be able to buy property. M hm.

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Speaker 2: So I'm really quite sort of proud of myself that

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Speaker 2: I was able to achieve it.

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Speaker 3: I'm proud of you, and I'm glad that you're proud

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Speaker 3: of yourself. Not just going oh yeah, like the amount

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Speaker 3: of people that I talked to that are in your situation,

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Speaker 3: they go, yeah, but I did use this scheme, or

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Speaker 3: they go yeah, but yeah it's only an apartment. Like no,

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Speaker 3: that's sick. You're on the property ladder, Like that is

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Speaker 3: so cool? And sorry, what a money when you're paying

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Speaker 3: less in mortgage repayments than you were in rent? Genius.

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Speaker 2: Yeah, so I was looking at rent. I bought in Hawthorne,

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Speaker 2: and I looked at rent recently and you really conquer

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Speaker 2: a decent or spacious one bedroom apartment for under five

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Speaker 2: hundred dollars a week.

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Speaker 3: Oh no, you can't. Not in Hawthorne.

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Speaker 2: No.

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Speaker 3: Hawthorne for those of us playing along at home is

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Speaker 3: a suburb that I would say is inner city in Melbourne,

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Speaker 3: and it is beautiful, really nice, quite a leafy suburb,

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Speaker 3: like lots of properties that I have clients buying. Actually

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Speaker 3: because my just for the record, guys, I like it

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Speaker 3: because my offices are in Hawthorney's But lots of those

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Speaker 3: older Art Deco style apartment complexes with like six to

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Speaker 3: eight apartments in the building. What kind of apartment did

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Speaker 3: you buy?

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Speaker 2: Sixty seventies red brick yes, about twenty of them.

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Speaker 3: Yeah, good and good body corp fees, Great bodycrep fees.

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Speaker 3: Is there a lift in the building, no lyft Yeah,

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Speaker 3: money means.

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Speaker 2: Very kind of set on. No lift. I don't want

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Speaker 2: to be paying for those, right.

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Speaker 3: And once you start looking into the property space, you

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Speaker 3: often look at apartments You're like, wow, that's so shiny.

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Speaker 3: There's a pool, there's a lift, and all I can

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Speaker 3: see is dollar signs because I'm like, cool body corporate maintenance.

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Speaker 3: You technically own that lift and have to pay for it. No,

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Speaker 3: thank you. I don't want to own a lift.

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Speaker 2: That realization hit hard because like when you're looking out

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Speaker 2: like a new builds or something like that, they have

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Speaker 2: like the rooftop garden and yeah, like you were saying,

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Speaker 2: the pool and all of those other things that you

359
00:17:02,440 --> 00:17:08,720
Speaker 2: need to services like shared property, it's like two thousand dollars.

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Speaker 3: Thank you, but no thank you. And also the older buildings,

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Speaker 3: so you said you've got one of the red brick ones,

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Speaker 3: which are fantastic. The rooms in those properties are bigger,

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Speaker 3: like the walls are actually insulated because they are made

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Speaker 3: of brick, which is obviously great for sound but also

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Speaker 3: for heating and cooling, Like I could go on and

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Speaker 3: on about how much I love old apartments as opposed

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Speaker 3: to new build, like, you will not catch me purchasing

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Speaker 3: a new build. Not to say people shouldn't do it,

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Speaker 3: but I just have a very special place in my

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Speaker 3: heart for those like older style. You know, ideally six

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Speaker 3: to eight in the apartment block if I were looking,

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Speaker 3: But twenty I think is pretty good too. I'm assuming

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Speaker 3: it's just like a bigger complex. But no lift money win,

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Speaker 3: ground floor money win. Oh you've got a ground floor one.

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Speaker 2: Oh she's lucked. All right.

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Speaker 3: I'm gonna ask more about this in a hot second,

377
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Speaker 3: but I need to know. You mentioned you've got a

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Speaker 3: diploma and a degree. What do you do for work

379
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Speaker 3: and how much do you earn?

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Speaker 2: My diploma and degree is an interior architecture, and for

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Speaker 2: work I work as a retail designer. Very cool. My

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Speaker 2: title is officially interior designer. But then people get confused

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Speaker 2: thinking I'm doing residential and really I'm stuck into the

384
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Speaker 2: retail fit out space and it's a lot more construction focused.

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Speaker 3: I would say, what can you give me an example

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Speaker 3: of what that would look like? So you like kind

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00:18:30,000 --> 00:18:32,760
Speaker 3: of fitting out shops and designing, like how shops are

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00:18:32,800 --> 00:18:34,719
Speaker 3: laid out, but you're saying it's more industrial. What does

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Speaker 3: that look like?

390
00:18:36,400 --> 00:18:40,080
Speaker 2: One of my clients, they're predominantly in Westfields. Yeah, so

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00:18:41,200 --> 00:18:44,240
Speaker 2: they'll leasing will come in and say, we have a site,

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Speaker 2: can you please design it and fit it out for us?

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Speaker 2: And so that's when I jump in and do a

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Speaker 2: concept for them of like a space layout with walls

395
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Speaker 2: and fixtures that they have and all of that. It

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00:18:59,280 --> 00:19:02,560
Speaker 2: can be for news or refurbishments, expansions.

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Speaker 3: Hey, that's cool.

398
00:19:03,960 --> 00:19:06,320
Speaker 2: Yeah, and so yeah, I design that for them and

399
00:19:06,400 --> 00:19:09,440
Speaker 2: then that gets approved and then I do the construction

400
00:19:09,680 --> 00:19:14,040
Speaker 2: drawings which are lighting and electrical and that is very

401
00:19:14,160 --> 00:19:16,960
Speaker 2: cool get into the full process of it.

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00:19:17,080 --> 00:19:19,920
Speaker 3: I feel like you're the first like interior designer that

403
00:19:20,000 --> 00:19:22,160
Speaker 3: we've had on the show, which is very cool. There

404
00:19:22,160 --> 00:19:25,600
Speaker 3: aren't many careers I haven't had. Tell me, what do

405
00:19:25,640 --> 00:19:26,880
Speaker 3: you get paid for this role?

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Speaker 2: I recently got a pay rise which is very exciting

407
00:19:31,040 --> 00:19:34,040
Speaker 2: or it was just in time for money mortgage.

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Speaker 3: Ah, congrats.

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Speaker 2: So it is eighty six and a half k including

410
00:19:38,560 --> 00:19:39,720
Speaker 2: super very cool.

411
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Speaker 3: And is that something that you're like, this is the

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Speaker 3: career that I'm going to have for the rest of

413
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Speaker 3: my life, or like what does your career trajectory look like?

414
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Speaker 3: Like what do you want to do next?

415
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Speaker 2: I really like the retail space because it works really

416
00:19:50,640 --> 00:19:54,159
Speaker 2: quickly compare to like residential design and more of that

417
00:19:54,359 --> 00:19:58,600
Speaker 2: sort of complexity of other interior design like hospitality about

418
00:19:59,119 --> 00:20:02,440
Speaker 2: where you're designing restaurants or something. I really quite like this,

419
00:20:02,640 --> 00:20:06,840
Speaker 2: but honestly, like, I don't know where I'll be in

420
00:20:07,200 --> 00:20:11,600
Speaker 2: five years. Maybe I'll be more in like a design

421
00:20:11,760 --> 00:20:15,920
Speaker 2: studio doing hospitality like I just said, or maybe I'll

422
00:20:15,960 --> 00:20:18,800
Speaker 2: still be in the job that I'm doing now, which

423
00:20:18,840 --> 00:20:22,480
Speaker 2: I'm enjoying. I love that my managers are actually based

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Speaker 2: in Byron Bay, so I work it at home.

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Speaker 3: Fus very cool. So when you were purchasing the house

426
00:20:28,359 --> 00:20:31,240
Speaker 3: that you purchased, was a very good work from home

427
00:20:31,320 --> 00:20:34,359
Speaker 3: space like a priority or you one of my friends

428
00:20:34,400 --> 00:20:36,399
Speaker 3: who just goes, I'm very happy to work from the

429
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Speaker 3: dining table.

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Speaker 2: I definitely considered it, being like it has to be

431
00:20:40,119 --> 00:20:42,680
Speaker 2: a certain size where I feel comfortable being in it

432
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Speaker 2: the entire day and I'm not going to lose my mind.

433
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Speaker 2: So yeah, it was definitely consideration. I'm still working at

434
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Speaker 2: my dining table, but it's big enough to feel like

435
00:20:51,880 --> 00:20:55,200
Speaker 2: there's separation within the home, so I can kind of

436
00:20:55,359 --> 00:20:56,960
Speaker 2: still switch up afterwards.

437
00:20:57,040 --> 00:20:58,680
Speaker 3: Yeah, and I feel like you're a designer, so you

438
00:20:58,760 --> 00:21:00,760
Speaker 3: would know how to lay it out very well. I

439
00:21:00,880 --> 00:21:03,480
Speaker 3: also have another question, which is not related to finance

440
00:21:03,640 --> 00:21:05,960
Speaker 3: at all. Were you really good at the sims growing up?

441
00:21:05,960 --> 00:21:08,440
Speaker 3: Because I just feel like that would be hand in hand.

442
00:21:08,840 --> 00:21:12,840
Speaker 2: I loved the sims growing Yeah, I couldn't tell you

443
00:21:12,960 --> 00:21:16,240
Speaker 2: if that's where that whole thing started, but I cared

444
00:21:16,320 --> 00:21:19,600
Speaker 2: more about making the houses than I did creating a

445
00:21:19,680 --> 00:21:22,080
Speaker 2: sim me too, and then I was kind of done

446
00:21:22,160 --> 00:21:24,320
Speaker 2: with it after I made that house.

447
00:21:24,760 --> 00:21:27,040
Speaker 3: Yep, no, me too, But I'm terrible at it. So

448
00:21:27,160 --> 00:21:29,200
Speaker 3: I used to like look up all the houses on

449
00:21:29,359 --> 00:21:33,240
Speaker 3: forums and then copy other people's stuff because I genuinely

450
00:21:33,359 --> 00:21:36,680
Speaker 3: had no creative bone in my body to be able

451
00:21:36,760 --> 00:21:38,080
Speaker 3: to do that. But I could do the maths and

452
00:21:38,200 --> 00:21:41,240
Speaker 3: work out like what roof pitch you needed, that's fine,

453
00:21:41,600 --> 00:21:44,359
Speaker 3: how big the rooms were, could count, but could not

454
00:21:44,640 --> 00:21:46,760
Speaker 3: design them. But it was so fun. And I used

455
00:21:46,760 --> 00:21:49,000
Speaker 3: to be so envious of the people that would be like, oh,

456
00:21:49,040 --> 00:21:50,760
Speaker 3: look at this house I made. I'd be like, how

457
00:21:50,840 --> 00:21:53,680
Speaker 3: did you come up with that in your brain of

458
00:21:53,720 --> 00:21:55,960
Speaker 3: the super creative. Yeah, so you were one of the

459
00:21:56,080 --> 00:21:59,520
Speaker 3: girlies that designed the houses on the Sims not removed

460
00:21:59,640 --> 00:22:03,560
Speaker 3: the poor stairs. I like it both, Oh both, you know?

461
00:22:03,720 --> 00:22:05,800
Speaker 3: I mean we can all identify as that person.

462
00:22:06,080 --> 00:22:09,119
Speaker 2: Bring the grim Reaper to see what happened. I's bunting

463
00:22:09,160 --> 00:22:09,600
Speaker 2: on fire.

464
00:22:10,480 --> 00:22:12,320
Speaker 3: I don't know what that says about us, but I

465
00:22:12,400 --> 00:22:13,480
Speaker 3: don't want to find out.

466
00:22:14,040 --> 00:22:15,040
Speaker 2: We're just curious people.

467
00:22:15,200 --> 00:22:18,160
Speaker 3: So you've bought your first home, which is super super exciting.

468
00:22:18,760 --> 00:22:21,439
Speaker 3: What now, after you've moved in? Is your big money goal?

469
00:22:21,520 --> 00:22:22,959
Speaker 3: What are you currently working towards.

470
00:22:23,200 --> 00:22:26,440
Speaker 2: I've been seen as I've pretty much spent all of

471
00:22:26,520 --> 00:22:32,160
Speaker 2: my money on mister property. It's rebuilding that savings again

472
00:22:32,680 --> 00:22:38,080
Speaker 2: and emergency fund. I don't have any specific goals in

473
00:22:38,200 --> 00:22:40,240
Speaker 2: mind at the moment, but it's much kind of like

474
00:22:40,480 --> 00:22:41,359
Speaker 2: that safety net.

475
00:22:41,960 --> 00:22:44,359
Speaker 3: Now I have a mortgage, Yeah, so fair And have

476
00:22:44,480 --> 00:22:47,040
Speaker 3: you worked out what that looks like? Have you gone, oh,

477
00:22:47,160 --> 00:22:49,680
Speaker 3: that's three thousand dollars or is that you know, ten

478
00:22:49,760 --> 00:22:51,760
Speaker 3: thousand dollars? Or you just go, oh, I don't know,

479
00:22:51,840 --> 00:22:53,760
Speaker 3: I just need some savings. V Do you know what

480
00:22:53,880 --> 00:22:54,440
Speaker 3: that looks like?

481
00:22:54,720 --> 00:22:56,760
Speaker 2: Don't know? What it looks like at the moment. I

482
00:22:56,880 --> 00:23:00,440
Speaker 2: have some money in my offset account that was from

483
00:23:00,760 --> 00:23:04,160
Speaker 2: the buffer that my conveyances didn't use on settlement day

484
00:23:04,359 --> 00:23:08,000
Speaker 2: money win. That's pretty much my starting point, which I'm

485
00:23:08,160 --> 00:23:11,520
Speaker 2: happy with. Like that's not leaving that account anytime soon,

486
00:23:11,760 --> 00:23:13,879
Speaker 2: so yeah, very good starting point to have.

487
00:23:14,040 --> 00:23:15,679
Speaker 3: I think, all right, I'm going to set you up

488
00:23:15,680 --> 00:23:17,680
Speaker 3: with my money masterclass so you can work that out

489
00:23:17,720 --> 00:23:19,600
Speaker 3: and it will basically like take you through all of

490
00:23:19,640 --> 00:23:21,400
Speaker 3: your expenses and you'll be able to say what you're

491
00:23:21,440 --> 00:23:23,880
Speaker 3: spending each month to work out what kind of emergency

492
00:23:23,920 --> 00:23:25,600
Speaker 3: fund you want to set up. I'm going to do

493
00:23:25,680 --> 00:23:27,960
Speaker 3: that after because, like, girl, I can't have you living

494
00:23:28,040 --> 00:23:29,800
Speaker 3: in your new house not knowing what you want in

495
00:23:29,880 --> 00:23:30,840
Speaker 3: your emergency fund.

496
00:23:30,960 --> 00:23:31,600
Speaker 2: That is a no no.

497
00:23:32,359 --> 00:23:34,920
Speaker 3: But I also have a heap of questions for you.

498
00:23:35,160 --> 00:23:36,960
Speaker 3: So let's go to a really quick break and on

499
00:23:37,040 --> 00:23:39,880
Speaker 3: the flip side, I want to know more about this purchase.

500
00:23:39,960 --> 00:23:42,160
Speaker 3: I want to know about what you spent on the property,

501
00:23:42,359 --> 00:23:44,760
Speaker 3: what it's cost you, how long it took to find

502
00:23:44,880 --> 00:23:47,560
Speaker 3: I've just got a million questions, So guys, don't go anywhere,

503
00:23:51,040 --> 00:23:53,639
Speaker 3: all right, money dirist. We are back and I feel like,

504
00:23:53,840 --> 00:23:56,960
Speaker 3: you are honestly so inspiring. This is such a great

505
00:23:57,000 --> 00:23:59,720
Speaker 3: money diary. You are single, You've just purchased your first

506
00:23:59,760 --> 00:24:03,480
Speaker 3: apart department on your own. You're not some millionaire, like

507
00:24:03,640 --> 00:24:06,520
Speaker 3: your income is eighty six ish thousand dollars, which I

508
00:24:06,600 --> 00:24:09,000
Speaker 3: think a lot of people in our community are on.

509
00:24:09,680 --> 00:24:11,840
Speaker 3: And you were saying before money Dhrist you were like, well,

510
00:24:11,880 --> 00:24:14,760
Speaker 3: if I can do it, anyone can do it. Why

511
00:24:14,840 --> 00:24:16,800
Speaker 3: do you think that? Why do you think that if

512
00:24:16,840 --> 00:24:18,639
Speaker 3: you can do it, other people can do it? Because

513
00:24:18,680 --> 00:24:20,880
Speaker 3: you only need a two percent deposit, It's a scheme

514
00:24:20,960 --> 00:24:23,360
Speaker 3: that I'm you one hundred percent. I know that it's

515
00:24:23,520 --> 00:24:26,880
Speaker 3: very limited, but I think for the place that I got,

516
00:24:27,000 --> 00:24:29,960
Speaker 3: I only needed probably nine K for a deposit. Isn't

517
00:24:30,000 --> 00:24:30,439
Speaker 3: that crazy?

518
00:24:30,600 --> 00:24:31,439
Speaker 2: Yeah, it's crazy.

519
00:24:31,840 --> 00:24:35,520
Speaker 3: So tell me about that process. So your mum sent

520
00:24:35,560 --> 00:24:37,480
Speaker 3: you an article and it was about the two percent

521
00:24:37,560 --> 00:24:40,800
Speaker 3: deposit scheme which is called the help to Buy scheme

522
00:24:40,880 --> 00:24:43,080
Speaker 3: here in Australia, and it is open to all first

523
00:24:43,119 --> 00:24:46,320
Speaker 3: home buyers up to certain financial caps. So you can't

524
00:24:46,320 --> 00:24:48,440
Speaker 3: go buy like a two million dollar property on this

525
00:24:48,600 --> 00:24:51,399
Speaker 3: help to buy scheme, which is absolutely fine because it's

526
00:24:51,480 --> 00:24:54,280
Speaker 3: helping the people that need it. So you found a

527
00:24:54,320 --> 00:24:55,720
Speaker 3: good mortgage broker and then.

528
00:24:55,680 --> 00:24:57,760
Speaker 2: What I actually found him on TikTok.

529
00:24:58,280 --> 00:25:00,480
Speaker 3: You found him on TikTok book.

530
00:25:00,240 --> 00:25:04,520
Speaker 2: A gamble because he was the only mortgage broker talking

531
00:25:04,600 --> 00:25:07,280
Speaker 2: about the help to Buy scheme, and it was the

532
00:25:07,440 --> 00:25:11,560
Speaker 2: best gamble I had ever made, because he knew the

533
00:25:11,720 --> 00:25:14,640
Speaker 2: ins and outs of every other scheme. He was very

534
00:25:14,800 --> 00:25:19,240
Speaker 2: sort of scheme specific. There wasn't much information at the time.

535
00:25:19,320 --> 00:25:23,360
Speaker 2: This would have been maybe May to June of last year,

536
00:25:23,680 --> 00:25:27,560
Speaker 2: so barely anybody knew about it. Even real estate agents

537
00:25:27,640 --> 00:25:29,680
Speaker 2: didn't even know what I was talking about when I

538
00:25:29,760 --> 00:25:33,359
Speaker 2: mentioned it. And he just helped me out from the

539
00:25:33,680 --> 00:25:36,760
Speaker 2: get go, saying this is what we know so far.

540
00:25:37,480 --> 00:25:41,359
Speaker 2: He was great with any kind of communication, very cool

541
00:25:41,760 --> 00:25:43,720
Speaker 2: and like he would phone me up being like, we

542
00:25:43,840 --> 00:25:47,560
Speaker 2: have new information, here's what you need to know. But yeah,

543
00:25:47,600 --> 00:25:51,560
Speaker 2: he sorted everything out for me. We were really unclear

544
00:25:51,680 --> 00:25:55,320
Speaker 2: on dates. The government weren't giving us any kind of

545
00:25:55,440 --> 00:25:58,800
Speaker 2: information on dates. I was bringing up pals in Australia

546
00:25:58,840 --> 00:26:02,359
Speaker 2: every week, being like, anu information of when this is

547
00:26:02,400 --> 00:26:05,680
Speaker 2: going to be released and their and every single time

548
00:26:05,960 --> 00:26:08,600
Speaker 2: was end of twenty twenty five, end of the year.

549
00:26:09,080 --> 00:26:11,119
Speaker 2: Then there was a little hiccup where they kind of

550
00:26:11,160 --> 00:26:16,040
Speaker 2: announced that it would be March of this year instead.

551
00:26:16,280 --> 00:26:19,199
Speaker 2: But then randomly I got a call from my broker

552
00:26:19,320 --> 00:26:21,960
Speaker 2: one day in December and he's like, it's opening next week.

553
00:26:22,280 --> 00:26:22,920
Speaker 3: How good's that?

554
00:26:23,560 --> 00:26:27,760
Speaker 2: And like we were all ready to go. I didn't

555
00:26:27,800 --> 00:26:30,600
Speaker 2: have pre approval yet because he couldn't get pre approval

556
00:26:30,680 --> 00:26:33,040
Speaker 2: without the approval of the scheme. He had to reply

557
00:26:33,160 --> 00:26:35,880
Speaker 2: for them at the same time. Yeah, absolutely, so, yeah,

558
00:26:35,920 --> 00:26:39,760
Speaker 2: it was crazy. But in preparation from about like I

559
00:26:39,920 --> 00:26:43,440
Speaker 2: was making spreadsheets of different scenarios of what I could

560
00:26:43,440 --> 00:26:46,280
Speaker 2: do with my borrowing capacity. He was looking up what

561
00:26:46,640 --> 00:26:50,800
Speaker 2: banks were most likely to be with the scheme. I

562
00:26:51,280 --> 00:26:56,879
Speaker 2: went to a first home buyer night held by Emily Wallace,

563
00:26:56,960 --> 00:27:00,440
Speaker 2: who's a buyer's advocate. I couldn't afford it buys because

564
00:27:00,440 --> 00:27:04,800
Speaker 2: they're fifteen to twenty grand or something like that. This

565
00:27:05,119 --> 00:27:09,440
Speaker 2: info night cost me probably fifty dollars and it was

566
00:27:09,480 --> 00:27:12,159
Speaker 2: one of the best resources I got from this whole journey.

567
00:27:12,960 --> 00:27:15,960
Speaker 2: That gave me my conveyancer, sort of like word of

568
00:27:16,000 --> 00:27:18,920
Speaker 2: mouth from her of who to go with, which is

569
00:27:18,960 --> 00:27:23,320
Speaker 2: really good. And yeah, just a lot of podcasts, so

570
00:27:23,480 --> 00:27:29,240
Speaker 2: many podcasts on property and money, how to save money

571
00:27:29,359 --> 00:27:33,159
Speaker 2: better faster? Yeah, very good, more efficiently.

572
00:27:33,440 --> 00:27:33,920
Speaker 4: I love that.

573
00:27:34,240 --> 00:27:36,960
Speaker 3: And what did you learn through that process? Have you

574
00:27:37,119 --> 00:27:39,520
Speaker 3: changed like your whole banking system or you just like

575
00:27:39,880 --> 00:27:42,520
Speaker 3: this is more about mindset or what are you getting

576
00:27:42,560 --> 00:27:44,120
Speaker 3: out of the content that you were consuming?

577
00:27:44,240 --> 00:27:47,200
Speaker 2: It was really a lot about mindset. I really wanted

578
00:27:47,280 --> 00:27:49,879
Speaker 2: to know as much as I could about the market

579
00:27:50,080 --> 00:27:52,240
Speaker 2: as well and what I was kind of getting into.

580
00:27:53,200 --> 00:27:56,160
Speaker 2: And I think for the money bit, Like I went

581
00:27:56,200 --> 00:27:59,080
Speaker 2: into a high interest savings account, which was great because

582
00:27:59,160 --> 00:28:01,760
Speaker 2: more money I put in it, the more interest I

583
00:28:01,840 --> 00:28:02,399
Speaker 2: got out of it.

584
00:28:02,640 --> 00:28:04,639
Speaker 3: Yeah, money that your money makes makes money, and that

585
00:28:04,800 --> 00:28:06,040
Speaker 3: is a good deal exactly.

586
00:28:06,280 --> 00:28:10,680
Speaker 2: I'm a person who really loves organization and planning, and

587
00:28:11,680 --> 00:28:14,440
Speaker 2: if I really have my mind set on something, then

588
00:28:14,800 --> 00:28:18,240
Speaker 2: like I want to know every single little bit about it. Like,

589
00:28:18,359 --> 00:28:22,240
Speaker 2: my financial literacy was at an almost zero this time

590
00:28:22,359 --> 00:28:24,239
Speaker 2: last year compared to what it is now.

591
00:28:24,359 --> 00:28:26,960
Speaker 3: I love that, but also I wish you had more sooner.

592
00:28:27,080 --> 00:28:29,720
Speaker 3: But we find financial literacy at the time that we

593
00:28:29,840 --> 00:28:33,120
Speaker 3: need it, I think, So talk to me. If you're

594
00:28:33,200 --> 00:28:35,879
Speaker 3: into financial literacy, do you have investments, If so, what

595
00:28:36,000 --> 00:28:37,640
Speaker 3: are they? If not, what's the plan?

596
00:28:37,880 --> 00:28:40,920
Speaker 2: I do have Stuper Actually that is one of my investments.

597
00:28:41,360 --> 00:28:46,360
Speaker 2: I downloaded Chersias last year. We're saving with the intention

598
00:28:46,680 --> 00:28:49,920
Speaker 2: to dabble in it, but I got a little overwhelmed,

599
00:28:49,960 --> 00:28:50,520
Speaker 2: so we didn't.

600
00:28:50,880 --> 00:28:53,120
Speaker 3: That was okay, That is okay, And I feel like,

601
00:28:53,440 --> 00:28:55,600
Speaker 3: let's just focus on one big money gold at a time.

602
00:28:55,680 --> 00:28:57,040
Speaker 3: Let's do property first.

603
00:28:56,880 --> 00:29:00,360
Speaker 2: Okay Exactly, I'm like, let's just focus on actually saving

604
00:29:00,480 --> 00:29:04,480
Speaker 2: for a place now, and then we can do shares.

605
00:29:04,280 --> 00:29:06,800
Speaker 3: Like ye, and so is the plan to get back

606
00:29:06,920 --> 00:29:09,280
Speaker 3: into shares or is it? I feel like right now

607
00:29:09,360 --> 00:29:13,040
Speaker 3: your priorities are probably emergency fund, some more savings, and

608
00:29:13,200 --> 00:29:14,800
Speaker 3: then we can probably talk about it.

609
00:29:14,880 --> 00:29:19,200
Speaker 2: Definitely, So it's definitely emergency fund at the moment, and

610
00:29:19,280 --> 00:29:22,240
Speaker 2: then you're building up some savings. So like if a

611
00:29:22,440 --> 00:29:26,160
Speaker 2: big bill comes from body corporate or something, then I'm

612
00:29:26,200 --> 00:29:29,960
Speaker 2: not scared of it. But then like I've also been

613
00:29:30,000 --> 00:29:34,680
Speaker 2: looking into like Vanguard and maybe going into like getting

614
00:29:34,760 --> 00:29:38,000
Speaker 2: some shares out of that or very Fair.

615
00:29:38,280 --> 00:29:41,320
Speaker 3: So now I want to ask about debt. So I'm

616
00:29:41,360 --> 00:29:43,640
Speaker 3: going to rewind and not ask about your house. First,

617
00:29:43,800 --> 00:29:45,760
Speaker 3: you said you had a credit card, and like when

618
00:29:45,880 --> 00:29:47,560
Speaker 3: you moved back in with your parents, who got out

619
00:29:47,560 --> 00:29:49,400
Speaker 3: of a little bit of debt. What did that look like?

620
00:29:49,840 --> 00:29:54,360
Speaker 2: I got a credit card, which, looking back, I'm not

621
00:29:54,400 --> 00:29:57,160
Speaker 2: sure was the right credit card. It was like one

622
00:29:57,160 --> 00:30:00,320
Speaker 2: of the Commonwealth ones where there wasn't interest. It was

623
00:30:00,440 --> 00:30:04,960
Speaker 2: just like a monthly fee that you paid instead of interest.

624
00:30:05,640 --> 00:30:08,360
Speaker 2: But that had a three thousand dollar cap on it,

625
00:30:08,840 --> 00:30:11,200
Speaker 2: which I was happy with. I think the three thousand

626
00:30:11,240 --> 00:30:13,920
Speaker 2: dollars was a good cap to have for me because

627
00:30:13,960 --> 00:30:17,120
Speaker 2: it meant that it was easy enough to get out

628
00:30:17,160 --> 00:30:18,240
Speaker 2: of it if I needed to.

629
00:30:18,800 --> 00:30:21,760
Speaker 3: Compare to a life Yeah, it's not astronomy twenty thousand dollars,

630
00:30:22,360 --> 00:30:25,400
Speaker 3: which is a little hard. Oh yeah, one hundred percent.

631
00:30:25,600 --> 00:30:27,760
Speaker 3: But did that still make you feel stressed?

632
00:30:27,880 --> 00:30:27,920
Speaker 2: Like?

633
00:30:28,080 --> 00:30:31,000
Speaker 3: Were you using that whole three thousand dollars and paying

634
00:30:31,040 --> 00:30:33,560
Speaker 3: it off monthly or were you, you know, carrying over

635
00:30:33,680 --> 00:30:35,560
Speaker 3: some debt. If so, what was it for.

636
00:30:36,000 --> 00:30:41,200
Speaker 2: I didn't max it out monthly, but I still kind

637
00:30:41,240 --> 00:30:46,120
Speaker 2: of did minimum repayments where I could, so it was

638
00:30:46,200 --> 00:30:49,200
Speaker 2: always kind of lingering. And then you're paying like the

639
00:30:49,280 --> 00:30:53,120
Speaker 2: twenty five dollars for not paying off the full amount

640
00:30:53,240 --> 00:30:56,320
Speaker 2: at the end of the month and that so it

641
00:30:56,480 --> 00:30:59,600
Speaker 2: was just kind of sitting there for quite a while.

642
00:31:00,080 --> 00:31:05,920
Speaker 2: And I wasn't really using it too much because it

643
00:31:06,000 --> 00:31:09,960
Speaker 2: already had that kind of almost maxed out debt on it.

644
00:31:10,240 --> 00:31:12,280
Speaker 2: But when I moved in with the parents, I was like,

645
00:31:12,640 --> 00:31:15,960
Speaker 2: it reduces my borrowing capacity if I have a credit card.

646
00:31:16,800 --> 00:31:19,080
Speaker 2: So I was like, I'm going to pay this off

647
00:31:19,160 --> 00:31:20,000
Speaker 2: first before.

648
00:31:19,840 --> 00:31:23,400
Speaker 3: Anything absolutely, and then started absolutely. Now tell me about

649
00:31:23,440 --> 00:31:26,000
Speaker 3: the property purchase. You paid off your credit card, you

650
00:31:26,080 --> 00:31:29,840
Speaker 3: started saving. You told me before that you probably only

651
00:31:29,920 --> 00:31:32,720
Speaker 3: needed a nine thousand dollars deposit for this property because

652
00:31:32,720 --> 00:31:35,800
Speaker 3: you used the two percent help to buy scheme. Tell

653
00:31:35,880 --> 00:31:38,200
Speaker 3: me what did the property end up costing you?

654
00:31:38,560 --> 00:31:43,480
Speaker 2: So the full property is four hundred and fifty thousand,

655
00:31:44,360 --> 00:31:48,360
Speaker 2: I only really needed a nine K deposit with the

656
00:31:48,480 --> 00:31:52,360
Speaker 2: two percent scheme, but I actually ended up giving a

657
00:31:52,480 --> 00:31:55,800
Speaker 2: fifteen K deposit to be more competitive and flexible with

658
00:31:55,880 --> 00:32:00,440
Speaker 2: the vendor. My mortgage broker as well, seeing as the

659
00:32:01,000 --> 00:32:03,920
Speaker 2: scheme was quite new, we also got a deposit bond

660
00:32:04,680 --> 00:32:07,720
Speaker 2: to make the vendor feel more comfortable with that kind

661
00:32:07,720 --> 00:32:13,360
Speaker 2: of size of a deposit. And so my boring capacity

662
00:32:13,640 --> 00:32:18,560
Speaker 2: was three p forty deposit fifteen grand and with the

663
00:32:18,840 --> 00:32:22,320
Speaker 2: full mortgage being four fifty the government gave me ninety

664
00:32:22,400 --> 00:32:25,320
Speaker 2: five thousand, so it was about twenty two to twenty

665
00:32:25,400 --> 00:32:26,640
Speaker 2: one percent instead.

666
00:32:26,320 --> 00:32:29,160
Speaker 3: Of the full thirty Yeah, which is insane. So tell

667
00:32:29,240 --> 00:32:31,760
Speaker 3: me more about this ninety five thousand. How does that

668
00:32:31,960 --> 00:32:32,560
Speaker 3: work for you?

669
00:32:34,040 --> 00:32:39,280
Speaker 2: It works for me, and that I have a mortgage

670
00:32:39,400 --> 00:32:45,120
Speaker 2: that's one hundred thousand dollars less than what I would

671
00:32:45,160 --> 00:32:47,600
Speaker 2: be paying in monthly repayment.

672
00:32:48,840 --> 00:32:51,120
Speaker 3: Yeah, but like, what are the catches? I feel like

673
00:32:51,160 --> 00:32:54,840
Speaker 3: lots of people are going to go, hey, that's fantastic,

674
00:32:55,040 --> 00:32:57,200
Speaker 3: the government gave you ninety five k. Like, I'll do

675
00:32:57,280 --> 00:32:59,280
Speaker 3: a lot for the government to give me ninety five K.

676
00:33:00,000 --> 00:33:02,360
Speaker 3: I don't just give it a twe you forever. Yeah,

677
00:33:02,400 --> 00:33:05,280
Speaker 3: there's like a little something in something. Tell me about that.

678
00:33:05,800 --> 00:33:08,400
Speaker 2: With the ninety five k, you can buy out the

679
00:33:08,520 --> 00:33:12,800
Speaker 2: government eventually if you want to in five percent increments

680
00:33:12,880 --> 00:33:15,320
Speaker 2: I think, which is definitely my goal to do to

681
00:33:16,440 --> 00:33:19,600
Speaker 2: own the property fully one day. But it just means

682
00:33:19,800 --> 00:33:24,240
Speaker 2: that if you don't pay them, they're thirty percent back.

683
00:33:24,360 --> 00:33:26,560
Speaker 2: It means that when you sell, they also get a

684
00:33:26,640 --> 00:33:28,880
Speaker 2: thirty percent profit with it as well.

685
00:33:29,080 --> 00:33:32,800
Speaker 3: Yes, so they're kind of like a co owner of

686
00:33:32,920 --> 00:33:36,120
Speaker 3: your property exactly. And so people playing along at home

687
00:33:36,440 --> 00:33:39,520
Speaker 3: you can have the government co own up to forty

688
00:33:39,600 --> 00:33:42,600
Speaker 3: percent of your property. I don't believe you've got that though.

689
00:33:42,720 --> 00:33:43,600
Speaker 3: What's your percentage?

690
00:33:43,680 --> 00:33:47,080
Speaker 2: My percentage is thirty percent, But if it's a new bill,

691
00:33:47,280 --> 00:33:49,000
Speaker 2: you can get up to forty percent. Yeah.

692
00:33:49,280 --> 00:33:51,560
Speaker 3: Yeah, So at the end of the day, there is

693
00:33:51,640 --> 00:33:53,120
Speaker 3: like a little bit of a catch, but you can

694
00:33:53,200 --> 00:33:56,200
Speaker 3: pay them off over time, and a lot of people

695
00:33:56,280 --> 00:33:58,360
Speaker 3: that we talk to are planning to pay them off

696
00:33:58,440 --> 00:34:01,600
Speaker 3: right before that they sell, because it's just pay off

697
00:34:01,640 --> 00:34:04,080
Speaker 3: the amount, then sell it and you keep your own profit.

698
00:34:04,200 --> 00:34:06,520
Speaker 3: But if your property has increased in value and then

699
00:34:06,560 --> 00:34:08,799
Speaker 3: you sell it and you haven't paid the government back,

700
00:34:08,840 --> 00:34:11,600
Speaker 3: you have to give them their profit as well. So

701
00:34:11,880 --> 00:34:13,719
Speaker 3: I feel like it's a kind of good deal because

702
00:34:13,760 --> 00:34:15,880
Speaker 3: if you can't afford to pay them back, well, no worries.

703
00:34:15,920 --> 00:34:18,359
Speaker 3: They can have some of the profit as a thank

704
00:34:18,400 --> 00:34:21,719
Speaker 3: you so much for joining and helping me get to here. Otherwise,

705
00:34:22,680 --> 00:34:24,680
Speaker 3: no worries. But also if you don't make a profit,

706
00:34:24,800 --> 00:34:27,040
Speaker 3: you don't have to pay them any of the profit.

707
00:34:27,239 --> 00:34:32,640
Speaker 2: Right Yeah. My perfect scenario is the market dropping and

708
00:34:32,760 --> 00:34:34,319
Speaker 2: that's when I pay them back.

709
00:34:35,040 --> 00:34:37,320
Speaker 3: That would be great. I feel like that's genius, like

710
00:34:37,480 --> 00:34:39,680
Speaker 3: bold move and like so many people are saying that

711
00:34:39,719 --> 00:34:44,120
Speaker 3: the market's going to drop fingers crushed. I mean, I

712
00:34:44,239 --> 00:34:47,120
Speaker 3: don't know many homeowners who can't wait for my property

713
00:34:47,160 --> 00:34:49,080
Speaker 3: to decrease in value because it's going to.

714
00:34:49,040 --> 00:34:50,760
Speaker 2: Be a lead to back the government.

715
00:34:51,280 --> 00:34:53,200
Speaker 3: Hey, we don't need to add that part. We can

716
00:34:53,360 --> 00:34:56,480
Speaker 3: just be a little bit a lulu about it. So

717
00:34:57,120 --> 00:34:58,920
Speaker 3: what is your property worth now? Because you bought this

718
00:34:59,080 --> 00:35:01,480
Speaker 3: last year for four hundred and fifty thousand dollars, is

719
00:35:01,520 --> 00:35:04,000
Speaker 3: it still worth that you haven't done evaluation or what

720
00:35:04,120 --> 00:35:04,799
Speaker 3: are we looking at?

721
00:35:04,960 --> 00:35:09,040
Speaker 2: I bought it just before Christmas, so it's still very fresh.

722
00:35:09,680 --> 00:35:13,840
Speaker 2: I put in a split system, so maybe it's like

723
00:35:13,960 --> 00:35:16,600
Speaker 2: a grand more than what originally love.

724
00:35:16,920 --> 00:35:19,400
Speaker 3: But now, tell me about the process of finding an

725
00:35:19,440 --> 00:35:22,960
Speaker 3: apartment because the area you purchased in, so we know

726
00:35:23,080 --> 00:35:26,200
Speaker 3: that you've purchased in inner city Melbourne. It's very competitive.

727
00:35:26,760 --> 00:35:30,520
Speaker 3: Finding not only an apartment in Hawthorne is hard, but

728
00:35:30,680 --> 00:35:34,680
Speaker 3: finding one that would fit the criteria of any scheme

729
00:35:34,880 --> 00:35:37,200
Speaker 3: is even more competitive because there are lots of people

730
00:35:37,200 --> 00:35:39,920
Speaker 3: who want that exact apartment. How did you do it

731
00:35:40,040 --> 00:35:41,080
Speaker 3: and how long did it take?

732
00:35:41,400 --> 00:35:47,000
Speaker 2: Pure luck? No, So I started looking in June when

733
00:35:47,640 --> 00:35:50,520
Speaker 2: just for research purposes because I knew that I still

734
00:35:50,560 --> 00:35:52,560
Speaker 2: had to build my savings, but I wanted to see

735
00:35:52,600 --> 00:35:56,000
Speaker 2: what I could get for any kind of amount of money.

736
00:35:56,000 --> 00:35:58,120
Speaker 2: I went to auctions as well to see how people

737
00:35:58,320 --> 00:36:01,920
Speaker 2: did that. But in doing that, it really kind of

738
00:36:02,080 --> 00:36:04,840
Speaker 2: developed a criteria of what I really wanted with in

739
00:36:04,920 --> 00:36:10,239
Speaker 2: a space. And then from that everything laid right into

740
00:36:10,320 --> 00:36:13,600
Speaker 2: place for me at the perfect time, because I think

741
00:36:13,680 --> 00:36:13,960
Speaker 2: it was.

742
00:36:14,080 --> 00:36:15,960
Speaker 3: You can say lucky, because I feel like, we know

743
00:36:16,080 --> 00:36:16,600
Speaker 3: what you mean.

744
00:36:16,719 --> 00:36:19,080
Speaker 2: The government announced that the scheme was going to open

745
00:36:19,239 --> 00:36:24,880
Speaker 2: up in a week, and then I found the perfect

746
00:36:25,800 --> 00:36:33,279
Speaker 2: off market property again on TikTok, and it was just

747
00:36:33,400 --> 00:36:37,520
Speaker 2: the perfect place. I was initially eyeing this like forty

748
00:36:37,560 --> 00:36:40,839
Speaker 2: square meter place in Hawthorne which was like a newer build,

749
00:36:40,920 --> 00:36:44,520
Speaker 2: so higher Body corporates in that as well, and then

750
00:36:45,320 --> 00:36:50,480
Speaker 2: I actually put in an offer on another place and

751
00:36:51,000 --> 00:36:54,040
Speaker 2: showed my cards too quickly, so I lost it. I

752
00:36:54,080 --> 00:36:56,440
Speaker 2: got really nervous when they were like, we have another bidder,

753
00:36:56,880 --> 00:36:58,600
Speaker 2: and I was like take all my money.

754
00:36:58,960 --> 00:37:02,120
Speaker 3: You're like, aha, I'm glad you lost out because it

755
00:37:02,200 --> 00:37:03,360
Speaker 3: came to this one.

756
00:37:03,600 --> 00:37:07,960
Speaker 2: Yes, exactly, and it really is the perfect place. So yeah,

757
00:37:07,960 --> 00:37:10,920
Speaker 2: I did like a couple of inspections. There was a

758
00:37:11,360 --> 00:37:14,200
Speaker 2: bit of back and forth with negotiating with the vendor.

759
00:37:15,000 --> 00:37:18,080
Speaker 2: There was somebody else who was also eyeing the property

760
00:37:19,160 --> 00:37:24,320
Speaker 2: as well, but I just ended up being the winner

761
00:37:25,120 --> 00:37:25,759
Speaker 2: of this time.

762
00:37:26,040 --> 00:37:27,960
Speaker 3: I love that. I also love that you used the

763
00:37:28,080 --> 00:37:30,440
Speaker 3: term luck after telling us how long it took you

764
00:37:30,600 --> 00:37:33,200
Speaker 3: to research the scheme, work out what that looks like,

765
00:37:33,560 --> 00:37:36,640
Speaker 3: working with your broker, saving really hard. You had been

766
00:37:36,680 --> 00:37:39,960
Speaker 3: looking for a property since June and then obviously brought

767
00:37:40,000 --> 00:37:41,920
Speaker 3: in December, and then you're like, oh, but it was

768
00:37:42,040 --> 00:37:44,399
Speaker 3: just luck, Like I didn't do all of this work.

769
00:37:44,520 --> 00:37:46,719
Speaker 3: It's crazy how lucky we get.

770
00:37:46,800 --> 00:37:48,480
Speaker 2: When we were it was a lot of planning and

771
00:37:48,600 --> 00:37:51,279
Speaker 2: then it just kind of fell into playing. Nope, I

772
00:37:51,680 --> 00:37:52,000
Speaker 2: do know what.

773
00:37:52,160 --> 00:37:54,520
Speaker 3: I totally get it, and I called myself really lucky

774
00:37:54,600 --> 00:37:57,040
Speaker 3: all the time. But I feel like that undermines the

775
00:37:57,080 --> 00:37:58,800
Speaker 3: fact that you put in a lot of time and

776
00:37:59,000 --> 00:38:01,600
Speaker 3: energy and effort, and you know what that means. You

777
00:38:01,719 --> 00:38:04,400
Speaker 3: were prepared to seize the opportunity. But if you hadn't

778
00:38:04,480 --> 00:38:07,520
Speaker 3: done any of that preparation, that opportunity would have just

779
00:38:07,560 --> 00:38:09,480
Speaker 3: gone straight by because you wouldn't have been able to

780
00:38:09,520 --> 00:38:09,840
Speaker 3: seize it.

781
00:38:09,960 --> 00:38:10,720
Speaker 2: Yeah, definitely.

782
00:38:11,000 --> 00:38:12,879
Speaker 3: Yeah, So it's almost like it wasn't luck.

783
00:38:13,080 --> 00:38:15,880
Speaker 2: It was very strategic planning exactly.

784
00:38:16,040 --> 00:38:18,840
Speaker 3: She's got strategy or I want to know.

785
00:38:19,040 --> 00:38:19,320
Speaker 2: Next.

786
00:38:19,560 --> 00:38:21,239
Speaker 3: One of the things I talk about all the time

787
00:38:21,480 --> 00:38:24,839
Speaker 3: that is really important to me is insurance. How are

788
00:38:24,880 --> 00:38:27,120
Speaker 3: you protecting your wealth? How are you protecting your home?

789
00:38:27,239 --> 00:38:29,759
Speaker 3: Your income? Have you got personal insurances? If not?

790
00:38:29,920 --> 00:38:34,520
Speaker 2: Why not? So in my superfund, I have a little

791
00:38:34,560 --> 00:38:39,120
Speaker 2: bit of personal insurance which is actually in review at

792
00:38:39,160 --> 00:38:42,400
Speaker 2: the moment because I just adjusted my numbers to be

793
00:38:42,520 --> 00:38:45,439
Speaker 2: able to protect myself better and my income. Good girl,

794
00:38:45,560 --> 00:38:48,840
Speaker 2: And so that will be income protection and TBD and

795
00:38:49,239 --> 00:38:51,719
Speaker 2: I forgot what the other one is, but yeah, so

796
00:38:51,800 --> 00:38:56,840
Speaker 2: that's currently in review with the insurance company. So fingers

797
00:38:56,920 --> 00:38:59,480
Speaker 2: crushed that comes through. So look at you go.

798
00:39:00,080 --> 00:39:01,880
Speaker 3: The amount of people I talked to, they're like, oh no.

799
00:39:02,160 --> 00:39:04,759
Speaker 2: I'm too much of a paranoid person to let that fine.

800
00:39:05,600 --> 00:39:07,280
Speaker 2: I love that, all right, too anxious.

801
00:39:07,440 --> 00:39:09,759
Speaker 3: You did tell us earlier that you think you're only

802
00:39:09,840 --> 00:39:11,680
Speaker 3: a C or a C plus, And I've just heard

803
00:39:11,719 --> 00:39:13,799
Speaker 3: so many good money habits. What do you think your

804
00:39:13,880 --> 00:39:15,000
Speaker 3: best money habit is?

805
00:39:15,320 --> 00:39:18,720
Speaker 2: I touched on it a little bit with the offset account,

806
00:39:18,760 --> 00:39:23,120
Speaker 2: but I create kind of rules for myself. So like

807
00:39:23,400 --> 00:39:27,800
Speaker 2: when I was saving my high interest savings account was

808
00:39:27,920 --> 00:39:30,759
Speaker 2: labeled do not touch good girl in caps luck but

809
00:39:30,880 --> 00:39:31,640
Speaker 2: it worked.

810
00:39:31,680 --> 00:39:33,839
Speaker 3: Didn't actually work. Did you try and go in there

811
00:39:33,880 --> 00:39:35,840
Speaker 3: and then you saw and you went, damn it past me?

812
00:39:36,160 --> 00:39:37,319
Speaker 3: Really foiled that plan?

813
00:39:37,600 --> 00:39:39,600
Speaker 2: What you're like, can a lot of touch us? And

814
00:39:39,680 --> 00:39:42,160
Speaker 2: I changed the name of that before pre approval so

815
00:39:42,239 --> 00:39:44,480
Speaker 2: the bank wouldn't laugh at me. But yeah, I just

816
00:39:44,520 --> 00:39:47,960
Speaker 2: said sort of rules for myself of like I'm never

817
00:39:48,080 --> 00:39:51,160
Speaker 2: allowed under a certain amount, and like my bank account,

818
00:39:51,320 --> 00:39:54,560
Speaker 2: just so I don't feel like financial stress. Yeah, just

819
00:39:54,640 --> 00:39:56,919
Speaker 2: like mini rules like that. I think is my best

820
00:39:57,000 --> 00:39:57,520
Speaker 2: money habit.

821
00:39:57,760 --> 00:40:00,279
Speaker 3: So you make rules that only you follow, the only

822
00:40:00,400 --> 00:40:03,680
Speaker 3: you know and it works. Yes, I like it, BECASO

823
00:40:03,880 --> 00:40:06,040
Speaker 3: tell me what is your worst money habit?

824
00:40:06,360 --> 00:40:09,160
Speaker 2: So I think I haven't done this for a very

825
00:40:09,200 --> 00:40:11,480
Speaker 2: long time because I have been living at home and

826
00:40:11,719 --> 00:40:13,760
Speaker 2: have had the fortune of my mum's cooking.

827
00:40:14,080 --> 00:40:15,240
Speaker 3: That's the best type of cooking.

828
00:40:15,480 --> 00:40:17,919
Speaker 2: My worst money habit would be why uber eats?

829
00:40:17,960 --> 00:40:19,919
Speaker 3: What are we ordering? Why is it such a bad habit?

830
00:40:20,000 --> 00:40:23,359
Speaker 2: I'm a girl of convenience, yes, fair, I don't cook

831
00:40:23,400 --> 00:40:26,080
Speaker 2: a whole lot that's about to change because I can't

832
00:40:26,080 --> 00:40:30,319
Speaker 2: afford that lifestyle anymore. Yeah. Absolutely, But previously I would

833
00:40:30,760 --> 00:40:34,279
Speaker 2: definitely say tuber eats, and I wantn't be surprised if

834
00:40:34,320 --> 00:40:36,839
Speaker 2: that creeps back in a tiny bit.

835
00:40:36,960 --> 00:40:39,280
Speaker 3: I feel like you need to budget for it still though, because,

836
00:40:39,320 --> 00:40:41,960
Speaker 3: like as you said before, you're single, you live alone.

837
00:40:42,200 --> 00:40:44,839
Speaker 3: I'm not gonna lie back when I was single, even

838
00:40:44,880 --> 00:40:48,000
Speaker 3: though I lived in a sharehouse situation, I wasn't cooking

839
00:40:48,080 --> 00:40:51,560
Speaker 3: for anybody else. The motivation required to cook a meal

840
00:40:51,640 --> 00:40:53,480
Speaker 3: and go to the supermarket and buy all of the

841
00:40:53,560 --> 00:40:56,200
Speaker 3: stuff required, and I just knew I wasn't walking out

842
00:40:56,239 --> 00:40:59,719
Speaker 3: of that supermarket having spent less than thirty dollars in

843
00:40:59,800 --> 00:41:01,880
Speaker 3: my brain just be like, oh, I probably should just

844
00:41:01,960 --> 00:41:04,320
Speaker 3: get takeaway, Like I can justify it for you, so

845
00:41:04,480 --> 00:41:04,800
Speaker 3: call me.

846
00:41:05,239 --> 00:41:08,200
Speaker 2: And then it's like, you also have a meal for

847
00:41:08,280 --> 00:41:11,000
Speaker 2: five people. Gee, you've got leftovers for the rest of

848
00:41:11,080 --> 00:41:12,800
Speaker 2: the week as well, so you have to eat it

849
00:41:12,960 --> 00:41:15,120
Speaker 2: every single day exactly.

850
00:41:15,239 --> 00:41:17,160
Speaker 3: You're like, that's not what I want. I can only

851
00:41:17,280 --> 00:41:19,200
Speaker 3: have so much curry, exactly.

852
00:41:19,560 --> 00:41:21,480
Speaker 2: I make a really good curry, but I only want

853
00:41:21,520 --> 00:41:22,680
Speaker 2: it at least twice a week.

854
00:41:22,760 --> 00:41:25,800
Speaker 3: Yeah, exactly, And there's only so much freezer space to

855
00:41:25,880 --> 00:41:28,200
Speaker 3: save all of the portions before I forget what's in

856
00:41:28,280 --> 00:41:28,800
Speaker 3: my freezer.

857
00:41:28,920 --> 00:41:32,000
Speaker 2: Yeah, and sometimes restaurants just do it better than home cooking.

858
00:41:32,200 --> 00:41:33,800
Speaker 2: They really do. I get it.

859
00:41:33,960 --> 00:41:34,160
Speaker 1: I do.

860
00:41:34,520 --> 00:41:36,560
Speaker 3: But at the same time, we need to be good

861
00:41:36,640 --> 00:41:38,680
Speaker 3: at this stuff if that's what we want to achieve.

862
00:41:39,120 --> 00:41:42,160
Speaker 3: All right, money Diarist, we have gone through you being

863
00:41:42,360 --> 00:41:45,440
Speaker 3: an absolute weapon at being able to save, and you've

864
00:41:45,480 --> 00:41:48,520
Speaker 3: gotten your financial literacy but kicked over the last twelve months,

865
00:41:48,920 --> 00:41:51,200
Speaker 3: you've gotten rid of your credit card, you've paid it off,

866
00:41:51,480 --> 00:41:55,840
Speaker 3: like you're rebuilding your savings. Like I really think that

867
00:41:56,040 --> 00:41:58,400
Speaker 3: you have a very positive money story, and I'm so

868
00:41:58,560 --> 00:42:01,160
Speaker 3: excited for our community to to learn from it. But

869
00:42:01,280 --> 00:42:03,000
Speaker 3: what I want to know is do you really think

870
00:42:03,040 --> 00:42:05,680
Speaker 3: that after learning all of this about yourself, or even

871
00:42:05,840 --> 00:42:08,680
Speaker 3: just having a chat about it, would you go, oh, yeah,

872
00:42:08,880 --> 00:42:11,239
Speaker 3: that person's a C or a C plus.

873
00:42:11,520 --> 00:42:16,640
Speaker 2: Maybe maybe like a subtle bee. Still yeah, I still

874
00:42:16,719 --> 00:42:18,320
Speaker 2: feel like there's room for growth.

875
00:42:18,520 --> 00:42:20,680
Speaker 3: You're allowed to let there be growth. But I feel

876
00:42:20,719 --> 00:42:24,440
Speaker 3: like if you heard this money story back before you

877
00:42:24,640 --> 00:42:26,320
Speaker 3: had done it yourself, you would have been like that

878
00:42:26,480 --> 00:42:29,319
Speaker 3: girls so smart, Like look at all the stuff she's done,

879
00:42:29,640 --> 00:42:32,520
Speaker 3: she got it together, she's killing it. I think you

880
00:42:32,560 --> 00:42:34,080
Speaker 3: would have given yourself a bit more credit.

881
00:42:34,280 --> 00:42:36,920
Speaker 2: Yeah, yeah, maybe for the last year. I'll give myself

882
00:42:36,960 --> 00:42:39,120
Speaker 2: an A. I'll give that version of myself.

883
00:42:38,880 --> 00:42:41,399
Speaker 3: And A and we'll continue it. We'll average it out

884
00:42:41,440 --> 00:42:43,920
Speaker 3: over the next five years, and then it can absolutely

885
00:42:44,000 --> 00:42:44,880
Speaker 3: be super easy.

886
00:42:45,400 --> 00:42:47,080
Speaker 2: We'll buy out the full property.

887
00:42:47,200 --> 00:42:48,719
Speaker 3: Yeah, and we're going to have a decline in the

888
00:42:48,760 --> 00:42:49,439
Speaker 3: property market.

889
00:42:49,520 --> 00:42:52,320
Speaker 2: I like it. Yeah, pulled it. I love it.

890
00:42:52,480 --> 00:42:54,920
Speaker 3: Money does. This has been an absolute pleasure getting to

891
00:42:55,000 --> 00:42:57,000
Speaker 3: know you and having a chat about the scheme that

892
00:42:57,120 --> 00:42:59,440
Speaker 3: you used and what you're getting up to, because I

893
00:42:59,640 --> 00:43:02,759
Speaker 3: just think we don't talk about what accessible home ownership

894
00:43:02,880 --> 00:43:06,800
Speaker 3: looks like enough, and stories like this absolutely make it

895
00:43:06,960 --> 00:43:10,440
Speaker 3: so much more motivating for people our age to go. Actually, sorry,

896
00:43:10,719 --> 00:43:14,000
Speaker 3: she's single and killed it. I can absolutely do that.

897
00:43:14,200 --> 00:43:16,880
Speaker 3: So I hope it inspires even just one person to go.

898
00:43:17,320 --> 00:43:20,120
Speaker 3: Maybe that's for me. So thank you so much for

899
00:43:20,280 --> 00:43:22,920
Speaker 3: joining us. It's been an absolute pleasure, and also a

900
00:43:23,120 --> 00:43:25,160
Speaker 3: very huge thank you to skuy Wealth for making this

901
00:43:25,280 --> 00:43:28,319
Speaker 3: episode possible. I'll chuck a whole heap of information about them,

902
00:43:28,560 --> 00:43:30,440
Speaker 3: how to get in contact, what they do, how they

903
00:43:30,520 --> 00:43:32,319
Speaker 3: do it. In the show notes for you to check out.

904
00:43:38,200 --> 00:43:40,320
Speaker 4: The ad by shared on She's on the Money is

905
00:43:40,440 --> 00:43:44,000
Speaker 4: general in nature and does not consider your individual circumstances.

906
00:43:44,400 --> 00:43:47,759
Speaker 4: She's on the Money exists purely for educational purposes and

907
00:43:47,840 --> 00:43:50,239
Speaker 4: should not be relied upon to make an investment or

908
00:43:50,360 --> 00:43:53,920
Speaker 4: financial decision. If you do choose to buy a financial product,

909
00:43:54,040 --> 00:43:57,480
Speaker 4: read the PDS TMD and obtain appropriate financial.

910
00:43:57,160 --> 00:43:58,880
Speaker 3: Advice tailored towards your needs.

911
00:43:59,280 --> 00:44:03,320
Speaker 4: Victoria and Sheese on the Money are authorized representatives of

912
00:44:03,440 --> 00:44:05,840
Speaker 4: Money sherper P T y L t D A b

913
00:44:06,040 --> 00:44:09,040
Speaker 4: N three two one six four nine two seven seven

914
00:44:09,200 --> 00:44:12,000
Speaker 4: zero eight a F s L four five one two

915
00:44:12,120 --> 00:44:12,640
Speaker 4: eight nine