WEBVTT - The $60k Debt Wake-Up Call That Changed Everything

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<v Speaker 1>My name is Tatasha Bamblet. I'm a proud First Nations

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<v Speaker 1>woman and I'm here to acknowledge country. T Glenn youan

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<v Speaker 1>Ganya Niana, kaka ya ya bin ahaka nian ar gay

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<v Speaker 1>In Nimbina, yakarum jar dominyamiga Umagahawakaman damon imlan Wima bang

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<v Speaker 1>gadabomba in and now in wakah ghana on yakraum jar Watnadaa. Hello,

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<v Speaker 1>beautiful friends, we gather on the lands of the Aboriginal people.

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<v Speaker 1>We thank acknowledge and respect the Aberiginal people's land that

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<v Speaker 1>we're gathering on today. Take pleasure in all the land

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<v Speaker 1>and respect all that you see. She's on the Money

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<v Speaker 1>podcast acknowledges culture, country, community and connections, bringing you the tools,

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<v Speaker 1>knowledge and resources for you to thrive.

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<v Speaker 2>She's on the Money.

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<v Speaker 3>She's on the Money. Hello, and welcome to She's on

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<v Speaker 3>the Money, the podcast of les you be pervy about

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<v Speaker 3>other people's money habits for educational purposes, of course, welcome

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<v Speaker 3>back to another one of our money diaries, brought to

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<v Speaker 3>you by sky Wealth, where we get to talk with

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<v Speaker 3>one of our incredible She's on the Money community members

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<v Speaker 3>all about their journey. Let's jump straight into it, because

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<v Speaker 3>this week I got an email and it sounded exactly

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<v Speaker 3>like this, dear, she's on the money. I went from

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<v Speaker 3>zero financial literacy and around sixty thousand dollars of personal

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<v Speaker 3>debt to a complete money makeover and getting my life together.

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<v Speaker 3>I paid off all of my debt, built a healthy

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<v Speaker 3>emergency fund, and started investing. I even moved to a

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<v Speaker 3>rural location to meet my money goals. I thought I

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<v Speaker 3>had everything sorted and was excited for a long and

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<v Speaker 3>financially comfortable maternity leave until my baby's unexpected metas costs

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<v Speaker 3>completely decimated my savings and emergency funds. I had to pivot,

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<v Speaker 3>but I am currently clawing my way back to getting

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<v Speaker 3>our finances under control again. Money Diarist, Hello, that sounds

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<v Speaker 3>elite but also just so stressful. Are you okay? Is

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<v Speaker 3>baby okay?

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<v Speaker 2>She is now. She's doing amazing now. But it was

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<v Speaker 2>a scary twelve months, that's for sure. But yeah, it's

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<v Speaker 2>been a whirlwind. But yeah, hearing it back, it sounds

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<v Speaker 2>like a lot.

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<v Speaker 3>Yeah, it sounds iconic. Sorry, and I know that you're like, oh, like,

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<v Speaker 3>I've had to pivot, currently clawing my way back and

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<v Speaker 3>that's exactly how it feels. But like you had the

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<v Speaker 3>emergency fund and the savings to get you through that,

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<v Speaker 3>and that's what they're for. As much as we don't

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<v Speaker 3>like having to rebuild because we feel like, oh my goodness,

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<v Speaker 3>I'm starting from scratch, but like that's that's the point,

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<v Speaker 3>Like that's what they're for. You didn't go into debt,

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<v Speaker 3>and that's so exciting.

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<v Speaker 2>I know, it is such a privilege to have had

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<v Speaker 2>that there so that I could look after her in

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<v Speaker 2>the best way possible and give her the best up life.

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<v Speaker 2>So yeah, I'm just very very thankful that I had

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<v Speaker 2>an emergency fund.

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<v Speaker 3>All right, So let's dive into it a little bit

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<v Speaker 3>more Before I get to ask you about your money story.

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<v Speaker 3>I want to know what grade would you give your

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<v Speaker 3>money habits from A through to AIRF if I asked

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<v Speaker 3>you to give them a grade.

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<v Speaker 2>I'm going to go with a B, which feels very safe.

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<v Speaker 2>But I'm starting from an absolute f. Okay.

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<v Speaker 3>I mean I could see that when you said I'm

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<v Speaker 3>from zero financial literacy and had sixty thousand dollars worth

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<v Speaker 3>of personal debt, which I can't wait to get into.

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<v Speaker 3>Like I love the nitty gritty of where people have

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<v Speaker 3>come but like, I can see why you feel that.

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<v Speaker 3>I can see why you feel that, and I do

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<v Speaker 3>feel like b is safe. But we're going to learn

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<v Speaker 3>a little bit more about it. So my favorite question

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<v Speaker 3>in the entire world, money diarist, Can you tell me

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<v Speaker 3>a little bit more about your money story?

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<v Speaker 2>Sure? So, I guess we'll start with my childhood. My

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<v Speaker 2>parents didn't come from money. They would have come from

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<v Speaker 2>very firmly working class families, but they worked really hard

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<v Speaker 2>and ensured that when I was growing up we were

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<v Speaker 2>in a very comfortable, middle class family. I had somewhat

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<v Speaker 2>of a sense that money might be tight, but we

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<v Speaker 2>were never stressed about money. My parents made us feel comfortable.

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<v Speaker 2>They sent us to good schools, and you know, we

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<v Speaker 2>didn't have a fancy house or anything. But if there

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<v Speaker 2>was ever anything we wanted in terms of hobbies or interests,

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<v Speaker 2>they would make that work. Like, for example, I was

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<v Speaker 2>an elite athlete growing up, and I know now as

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<v Speaker 2>an adult that would have been a huge cost to

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<v Speaker 2>go through training and travel around Australia to compete. But

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<v Speaker 2>they never once made that feel like a financial burden.

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<v Speaker 2>So they were amazing in that aspect.

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<v Speaker 3>And you literally never know, like when you're a kid,

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<v Speaker 3>you're like, oh, I'll go to training or do x YZ.

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<v Speaker 3>You just you've got no idea. And also, sorry, your

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<v Speaker 3>parents must love you so much because that's such a

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<v Speaker 3>sacrifice in terms of time, not just money, like you

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<v Speaker 3>can throw money at stuff like that, but like, sorry,

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<v Speaker 3>you're a teenager. I'm assuming at this point the fact

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<v Speaker 3>that they probably had to go to every training. You're

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<v Speaker 3>not driving yourself there.

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<v Speaker 2>They did, though, five o'clock starts at the pool were

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<v Speaker 2>a lot, but yet they were amazing. And my childhood

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<v Speaker 2>was a bit different in the fact as well that

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<v Speaker 2>my mum took on the breadwinner role in my family

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<v Speaker 2>and my dad took on those more traditional caregiving roles.

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<v Speaker 2>So I was always modeled really strong female leadership and yeah,

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<v Speaker 2>my mum's pretty amazing. So that was really cool growing

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<v Speaker 2>up that way, which was very different from my friends

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<v Speaker 2>who all had just a very different family set up.

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<v Speaker 2>But yeah, so we never went without. But my parents

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<v Speaker 2>were also very traditional in the fact we didn't talk

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<v Speaker 2>about money. They didn't teach us anything about finances. So

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<v Speaker 2>when I became an adult and went to UNI and

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<v Speaker 2>started working casually as UNI students do. I had no

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<v Speaker 2>idea what to do with money, and I spent every

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<v Speaker 2>single cent I earned and lived paycheck to paycheck, which

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<v Speaker 2>was same quitely fun like I had a great time.

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<v Speaker 3>Yeah, same, but it I guess.

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<v Speaker 2>I always had the sense that I wasn't earning enough

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<v Speaker 2>to save, so what was the point. I think I

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<v Speaker 2>was very all or nothing, Like if I can't put

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<v Speaker 2>five hundred dollars away this week, why would I bother? Yeah?

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<v Speaker 2>So I didn't learn anything. And I always thought when

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<v Speaker 2>I started my career and earned more, I would save more.

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<v Speaker 2>But as I learned that saving doesn't just magically happen

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<v Speaker 2>suddenly because you grow up something you actually have to learn,

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<v Speaker 2>which I didn't know at the time. So when I

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<v Speaker 2>started working full time, I just spent all that money too.

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<v Speaker 2>And I think I was a very typical post a

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<v Speaker 2>child of lifestyle creep. I just bought more things, I

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<v Speaker 2>went out more. I very much fell into that statistic

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<v Speaker 2>that you talk about that most Australians don't have access

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<v Speaker 2>to five hundred dollars, And despite having an okay wage,

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<v Speaker 2>there was no way I would ever have access to

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<v Speaker 2>five hundred dollars just at the job of a hat.

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<v Speaker 2>So that's just how I lived paycheck to paycheck with

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<v Speaker 2>no savings.

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<v Speaker 3>I feel like that's so relatable, literally just to me,

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<v Speaker 3>because that's what I did. I feel like I had

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<v Speaker 3>this idea that when you become an adult, your shit

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<v Speaker 3>gets together, right, I just know, yeah, well yeah, yeah, yeah,

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<v Speaker 3>Like I won't have any day. It would be fine.

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<v Speaker 3>I'm probably gonna like find Prince Charmie, we're getting married. Well,

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<v Speaker 3>just buy a house somehow. It's all going to work

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<v Speaker 3>out because a big girl's salary, like your full time salary,

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<v Speaker 3>it's going to be heaps of money. That'll be fine.

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<v Speaker 2>And it was for my impulse spending and shopping and

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<v Speaker 2>convenient time. It was great. It's fantastic. But my husband

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<v Speaker 2>is much the same. Unfortunately, he's pretty textbook ADHD and

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<v Speaker 2>he's very spendy. So we had a great time together.

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<v Speaker 3>Oh good, Well, at least you had someone to enjoy

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<v Speaker 3>it with, you know, yeah yeah, shared hobbies and all that.

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<v Speaker 2>So it got to the point in twenty eighteen my

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<v Speaker 2>husband was still at UNI and I was working full time,

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<v Speaker 2>and we bought our first home together, which was great.

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<v Speaker 2>Despite having tried to save up a house deposit. We

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<v Speaker 2>really had very minimal savings. We were just lucky that

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<v Speaker 2>we came across this amazing mortgage broker who really knew

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<v Speaker 2>her stuff and was able to do all the things

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<v Speaker 2>to get us into our first home as quickly as possible,

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<v Speaker 2>which was amazing. But again I didn't really learn a

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<v Speaker 2>lesson from that, did I. And I think in hindsight,

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<v Speaker 2>we did make a good choice in the fact that

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<v Speaker 2>back then the interest rates were really low and the

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<v Speaker 2>bank was willing to offer us quite a bit more

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<v Speaker 2>than what we took, so we were very cautious and

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<v Speaker 2>took well under what they offered us.

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<v Speaker 3>Okay, so she had some level of financial literacy, yeah,

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<v Speaker 3>but more like a gut feeling, more like I feel

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<v Speaker 3>like that might be biting off more than we can choot.

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<v Speaker 3>Were you in personal debt at that point? Like, at

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<v Speaker 3>what point did the sixty thousand dollars kicking? Because I

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<v Speaker 3>not yet. I was about to say, you can't have

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<v Speaker 3>been in personal debt to the amount of sixty grand

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<v Speaker 3>and get a mortgage.

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<v Speaker 2>No, no, no, this is where we head downhill a bit.

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<v Speaker 2>So I was just lucky that I earned enough to

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<v Speaker 2>get by. So No, in hindsight, I'm glad we borrowed

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<v Speaker 2>a lot less because when the interest rates rose, we

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<v Speaker 2>would have been in a fair bit of trouble because

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<v Speaker 2>it's at this point that my financial decisions got much worse.

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<v Speaker 2>So we had the house, and then I decided that

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<v Speaker 2>I absolutely needed a new car.

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<v Speaker 3>Oh yeah, well, I mean new house, new car. It

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<v Speaker 3>just makes sense, makes sense. You're an adult now, you've

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<v Speaker 3>got a mortgage. Yeah, I'll help you justify any bad

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<v Speaker 3>money decision, honestly, Like, I'm very much adoer as I say,

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<v Speaker 3>not as I do. You're not asking me for advice

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<v Speaker 3>right now, so I'll just help you validate that, because

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<v Speaker 3>that's exactly what I used to be.

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<v Speaker 1>Like.

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<v Speaker 3>Is it a good idea? Absolutely not, but you know

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<v Speaker 3>what in our brains, like, I get it, Queen, I

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<v Speaker 3>did the same thing.

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<v Speaker 2>Absolute girls girl, Thank you, Victoria.

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<v Speaker 3>Yes, so got the new car.

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<v Speaker 2>So twenty four thousand dollars on a car that I

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<v Speaker 2>didn't need. And then me and my husband, well fiance

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<v Speaker 2>at the time, decided to plan our wedding and that

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<v Speaker 2>seemed like a really big financial goal. Again, I didn't

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<v Speaker 2>know how to save, so I thought I would do

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<v Speaker 2>what everyone else seems to do. And I applied for

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<v Speaker 2>a credit card.

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<v Speaker 3>Perfect.

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<v Speaker 2>Perfect. I didn't know anything about credit cards. I knew

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<v Speaker 2>they were vaguely bad. My parents never had them growing up,

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<v Speaker 2>but all my friends had them. They didn't really talk

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<v Speaker 2>about what their limits were or how they used them.

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<v Speaker 2>I just knew that they had them, so I thought

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<v Speaker 2>it couldn't be that bad. So I applied for a

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<v Speaker 2>credit card, again not knowing anything. When you apply, there

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<v Speaker 2>were two boxes that you could have checked. One was

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<v Speaker 2>to set a limit for your credit card, and the

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<v Speaker 2>other was to let the bank assess and decide on

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<v Speaker 2>the limit. And so I just ticked that one, not

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<v Speaker 2>thinking much about it. And I think I very naively

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<v Speaker 2>thought the bank would have my best interests at heart

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<v Speaker 2>and they would never lend me money that I couldn't handle.

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<v Speaker 3>No, why would they do that. That would be irresponsible lending.

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<v Speaker 2>Yeah. Never. And this just before all the Royal Commission stuff.

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<v Speaker 2>So the whole process of getting that credit card was

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<v Speaker 2>alarmingly easy. And it came in the mail a few

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<v Speaker 2>weeks later with a thirty thousand dollar limit on it.

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<v Speaker 3>Oh money, whim like, look how good that is? You

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<v Speaker 3>probably went, Wow, that's so nice that's so helpful. This

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<v Speaker 3>is going to be perfect for our wedding.

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<v Speaker 2>I literally did that. I like, it's so terrifying to

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<v Speaker 2>me how little I understood when I saw that. I

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<v Speaker 2>actually thought it was so awesome. I was like, look,

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<v Speaker 2>how good the bank thinks I am at money. That's incredible.

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<v Speaker 2>And I just went a bit mad with my credit card.

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<v Speaker 2>So I ended up putting an entire wedding on a

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<v Speaker 2>credit card. And our wedding was overseas, so we did

0:11:32.679 --> 0:11:34.600
<v Speaker 2>six weeks of travel, so that went on there too,

0:11:35.440 --> 0:11:39.600
<v Speaker 2>did some stuff for the house, and very very easily

0:11:39.720 --> 0:11:41.920
<v Speaker 2>and quickly maxed out that limit.

0:11:42.040 --> 0:11:43.920
<v Speaker 3>Oh good, So where were we shopping? Like I need

0:11:44.000 --> 0:11:45.640
<v Speaker 3>to know, like, if you're going to tell me that

0:11:45.760 --> 0:11:49.959
<v Speaker 3>we've got thirty thousand dollars worth of personal credit, wheen

0:11:50.000 --> 0:11:50.360
<v Speaker 3>didn't we go?

0:11:50.600 --> 0:11:50.640
<v Speaker 2>Like?

0:11:50.720 --> 0:11:53.320
<v Speaker 3>Were we shopping at Ikea? Were we? Because I feel

0:11:53.360 --> 0:11:55.280
<v Speaker 3>like the second you have a thirty thousand dollars limit,

0:11:55.280 --> 0:11:58.720
<v Speaker 3>you're like, Juna, what we should actually get quality items

0:11:58.760 --> 0:12:00.840
<v Speaker 3>because this is our first home. You did that, didn't

0:12:00.880 --> 0:12:02.439
<v Speaker 3>you a little bit?

0:12:02.920 --> 0:12:06.800
<v Speaker 2>I definitely had a very luxury holiday for six weeks

0:12:07.800 --> 0:12:11.480
<v Speaker 2>all my wedding, so that was good. But yeah, I

0:12:11.559 --> 0:12:13.959
<v Speaker 2>did buy things I wouldn't have bought normally because I

0:12:14.040 --> 0:12:15.959
<v Speaker 2>was just happy to tap that and didn't feel like

0:12:16.080 --> 0:12:18.920
<v Speaker 2>my money. And the scary thing was I knew so

0:12:19.040 --> 0:12:21.280
<v Speaker 2>little about money it didn't even stress me out. Like

0:12:21.320 --> 0:12:23.400
<v Speaker 2>if someone handed me that credit card now with that

0:12:23.480 --> 0:12:26.959
<v Speaker 2>limit on it, I would be sweating, like absolutely not.

0:12:27.200 --> 0:12:30.000
<v Speaker 2>But at the time, I just I just went for

0:12:30.040 --> 0:12:31.719
<v Speaker 2>it because I thought that was normal because all my

0:12:31.760 --> 0:12:33.959
<v Speaker 2>friends had credit cards and I assumed that's probably what

0:12:34.040 --> 0:12:38.000
<v Speaker 2>they were working with too. For then after that, I

0:12:39.120 --> 0:12:43.160
<v Speaker 2>did some house reno stuff and we got solar panels

0:12:43.880 --> 0:12:45.840
<v Speaker 2>which they let me put on like an after pay

0:12:45.920 --> 0:12:47.600
<v Speaker 2>platform for ten thousand dollars.

0:12:47.679 --> 0:12:49.360
<v Speaker 3>How good. You didn't even need to use a credit

0:12:49.440 --> 0:12:52.200
<v Speaker 3>card for that one. So great. Yeah, so we can

0:12:52.360 --> 0:12:54.960
<v Speaker 3>just add that on the side. Now at forty.

0:12:54.760 --> 0:12:57.440
<v Speaker 2>Thirty thousand plus twenty four thousand plus a ten thousand,

0:12:57.559 --> 0:12:59.600
<v Speaker 2>so up to sixty four thousand.

0:13:00.280 --> 0:13:03.360
<v Speaker 3>You know what, why stop there? Why did you stop there? Crazy?

0:13:03.800 --> 0:13:06.480
<v Speaker 2>Crazy? Yeah, So at this point my debt repayments were

0:13:06.960 --> 0:13:07.800
<v Speaker 2>pretty hefty.

0:13:08.160 --> 0:13:10.680
<v Speaker 3>Was this a conversation that you were having with your husband?

0:13:10.800 --> 0:13:13.720
<v Speaker 3>So you've got this credit card and like we're setting

0:13:13.800 --> 0:13:16.640
<v Speaker 3>up the house, how involved. Was your at the time

0:13:16.760 --> 0:13:20.079
<v Speaker 3>fiance slash husband in these conversations. Was he aware of

0:13:20.160 --> 0:13:21.840
<v Speaker 3>the debt, how did he feel about it? Or were

0:13:21.880 --> 0:13:23.400
<v Speaker 3>you just both two pieces in a pod and you

0:13:23.440 --> 0:13:24.880
<v Speaker 3>were like, let's just set up our lives.

0:13:25.000 --> 0:13:26.960
<v Speaker 2>This is great, just two pieces in a pod.

0:13:27.040 --> 0:13:30.600
<v Speaker 3>Really. Yeah, it happens that way, doesn't it. Yeah.

0:13:31.200 --> 0:13:34.560
<v Speaker 2>Again, I'm looking back, I am so alarmed and stressed

0:13:34.600 --> 0:13:37.640
<v Speaker 2>out by at how little we were bothered by it.

0:13:37.760 --> 0:13:40.000
<v Speaker 2>It just seemed very normal and okay, but.

0:13:40.040 --> 0:13:41.599
<v Speaker 3>You don't know what you don't know like, and you

0:13:41.679 --> 0:13:44.720
<v Speaker 3>don't know what's coming either. And I'm about to probably

0:13:44.840 --> 0:13:47.520
<v Speaker 3>hear that there was a chaos moment or a come

0:13:47.600 --> 0:13:50.679
<v Speaker 3>to Jesus moment, or like a moment where you're like, actually,

0:13:50.920 --> 0:13:52.839
<v Speaker 3>what the hell have we done? Oh?

0:13:52.960 --> 0:13:55.719
<v Speaker 2>Yes, yes, it came in a big way. So I

0:13:56.080 --> 0:13:59.280
<v Speaker 2>had my first child, my son, in twenty twenty one,

0:13:59.720 --> 0:14:02.760
<v Speaker 2>and a really big value of mine is that I

0:14:02.840 --> 0:14:04.439
<v Speaker 2>wanted to be home with him for at least the

0:14:04.520 --> 0:14:10.280
<v Speaker 2>first twelve months, and I had these visions of, you know,

0:14:11.120 --> 0:14:12.960
<v Speaker 2>just being at home with him and having great time

0:14:13.000 --> 0:14:14.800
<v Speaker 2>and not spending any money because we'll just hang out

0:14:14.800 --> 0:14:19.680
<v Speaker 2>at home. Again. So naive, I think you think matt

0:14:19.840 --> 0:14:21.920
<v Speaker 2>leave is going to be one thing, and then actually

0:14:22.000 --> 0:14:25.840
<v Speaker 2>it turns out that maternity leave just really magnifies any

0:14:25.920 --> 0:14:29.280
<v Speaker 2>tendencies or habits that you already have just so much

0:14:29.360 --> 0:14:31.520
<v Speaker 2>more Like, I love my son so much, but he

0:14:31.880 --> 0:14:34.280
<v Speaker 2>looking back, I understand he was not an easy baby.

0:14:34.480 --> 0:14:37.520
<v Speaker 2>He cried a lot, He needed to be held by

0:14:37.800 --> 0:14:41.160
<v Speaker 2>only me twenty four to seven. He didn't sleep. I

0:14:41.240 --> 0:14:42.640
<v Speaker 2>wanted to be out of the house all the time.

0:14:42.920 --> 0:14:46.120
<v Speaker 2>I went shopping all the time. I needed coffee dates

0:14:46.240 --> 0:14:47.200
<v Speaker 2>for my mental health.

0:14:47.320 --> 0:14:50.040
<v Speaker 3>You know, oh, I know, I at thousand percent agree

0:14:50.080 --> 0:14:52.160
<v Speaker 3>with those coffee dates. I think that those are a

0:14:52.320 --> 0:14:54.040
<v Speaker 3>mental health investment.

0:14:54.840 --> 0:14:56.480
<v Speaker 2>You just need to So I can't even be mad

0:14:56.560 --> 0:14:58.360
<v Speaker 2>at myself because there's no way I could have stayed

0:14:58.360 --> 0:15:01.680
<v Speaker 2>at home with this child who only stopped screaming when

0:15:01.720 --> 0:15:03.680
<v Speaker 2>we were walking around a shopping center. And it's really

0:15:03.720 --> 0:15:06.200
<v Speaker 2>easy to justify buying things for your children.

0:15:06.480 --> 0:15:08.880
<v Speaker 3>Oh, don't even I thought I was the Do you

0:15:08.960 --> 0:15:10.960
<v Speaker 3>know who I was before I had a baby. I

0:15:11.120 --> 0:15:14.600
<v Speaker 3>was the perfect parent. I was the perfect parent before

0:15:14.600 --> 0:15:16.880
<v Speaker 3>I became a parent. And I was like, no, I'm

0:15:16.920 --> 0:15:19.240
<v Speaker 3>not going to spoil my child with too many things.

0:15:19.360 --> 0:15:22.600
<v Speaker 3>I'm not going to like spend more than necessary. And

0:15:22.680 --> 0:15:24.360
<v Speaker 3>then Harvey points at one thing and I'm like, oh,

0:15:24.360 --> 0:15:26.440
<v Speaker 3>it's all yours, bab, you can have it. Yep, worries,

0:15:27.200 --> 0:15:29.280
<v Speaker 3>Well am I becoming I'm teaching him nothing.

0:15:29.800 --> 0:15:33.320
<v Speaker 2>I'm the exact same and again, perfect parent beforehand. And

0:15:33.400 --> 0:15:36.840
<v Speaker 2>then oh yeah, I just I blew through our money

0:15:37.200 --> 0:15:40.800
<v Speaker 2>so fast, so fast, so I had to return to

0:15:40.880 --> 0:15:44.040
<v Speaker 2>work much earlier than I ever wanted to, which was

0:15:44.240 --> 0:15:49.800
<v Speaker 2>devastating for me. And I sort of looked at my

0:15:49.920 --> 0:15:52.960
<v Speaker 2>son and I thought, I have no money, and I

0:15:53.120 --> 0:15:55.560
<v Speaker 2>can't give you the childhood that my parents gave me,

0:15:55.800 --> 0:15:58.960
<v Speaker 2>where they could let me do anything I wanted to

0:15:59.080 --> 0:16:01.480
<v Speaker 2>do or be I wanted to be. Because I just

0:16:01.520 --> 0:16:03.320
<v Speaker 2>don't have the money, then I don't have the freedom

0:16:03.440 --> 0:16:05.880
<v Speaker 2>to do that. And that was really shocking to me.

0:16:06.000 --> 0:16:07.720
<v Speaker 2>And that's not the life that I wanted for him.

0:16:08.400 --> 0:16:10.040
<v Speaker 2>And I also looked around at all my friends who

0:16:10.120 --> 0:16:13.880
<v Speaker 2>were achieving these big life goals and that seems so

0:16:14.000 --> 0:16:17.480
<v Speaker 2>unachievable to me too. And I'm very lucky I've managed

0:16:17.480 --> 0:16:21.480
<v Speaker 2>to surround myself with amazing women, Like they're so smart,

0:16:21.560 --> 0:16:24.680
<v Speaker 2>they're so empowered, and they're so driven and they're doing

0:16:24.680 --> 0:16:27.320
<v Speaker 2>all these really cool things. So I sort of asked them.

0:16:27.320 --> 0:16:29.360
<v Speaker 2>I was like, how are you doing this? And my

0:16:29.440 --> 0:16:32.440
<v Speaker 2>friend's really good at money, so she put me onto

0:16:32.640 --> 0:16:33.360
<v Speaker 2>She's on the money.

0:16:33.680 --> 0:16:37.040
<v Speaker 3>Oh really, is that where it started? Yes, it is.

0:16:37.280 --> 0:16:40.760
<v Speaker 2>I'm not your typical barefoot investor into other things. I

0:16:40.840 --> 0:16:41.880
<v Speaker 2>went straight to you, guys.

0:16:41.880 --> 0:16:45.560
<v Speaker 3>I feel like lots of people went barefoot and then

0:16:45.640 --> 0:16:49.360
<v Speaker 3>straight into this, or they were introduced by a friend.

0:16:49.760 --> 0:16:52.880
<v Speaker 3>Like complete side note, but I often so in our

0:16:52.960 --> 0:16:56.400
<v Speaker 3>Facebook group when people join, I can see how they've joined,

0:16:56.880 --> 0:16:59.440
<v Speaker 3>and I'll see their application and it will say like

0:16:59.520 --> 0:17:01.960
<v Speaker 3>their email or whatever, and like I still go through

0:17:02.000 --> 0:17:05.600
<v Speaker 3>it and often says referred by, and it'll say like

0:17:06.000 --> 0:17:08.399
<v Speaker 3>someone else has been int like your friend invited you

0:17:08.520 --> 0:17:10.200
<v Speaker 3>to the group and then you like popp your email

0:17:10.240 --> 0:17:12.120
<v Speaker 3>in and you're waiting for access. And I'm like, it's

0:17:12.200 --> 0:17:14.480
<v Speaker 3>literally the cutest part of it, because I'm like, it's

0:17:14.520 --> 0:17:16.720
<v Speaker 3>not just you've looked it up and you've come to

0:17:16.800 --> 0:17:18.320
<v Speaker 3>find sheese on the money. It's like one of your

0:17:18.359 --> 0:17:20.200
<v Speaker 3>mates has been join this here. I'll just send it

0:17:20.320 --> 0:17:22.600
<v Speaker 3>to you and then that it tells me, which is

0:17:22.760 --> 0:17:24.919
<v Speaker 3>so cute. But I would say most people join our

0:17:25.000 --> 0:17:27.080
<v Speaker 3>group because a friend has been like, have you seen

0:17:27.160 --> 0:17:29.200
<v Speaker 3>this group? Do you want to do money with me?

0:17:29.480 --> 0:17:31.399
<v Speaker 2>That is so cool. That must be so exciting for

0:17:31.440 --> 0:17:33.760
<v Speaker 2>you to see this little like empire that you've built.

0:17:33.880 --> 0:17:35.360
<v Speaker 3>It's the coolest thing ever.

0:17:35.800 --> 0:17:37.600
<v Speaker 2>I'm like such a convert as well. I know I've

0:17:37.600 --> 0:17:39.280
<v Speaker 2>done the same to friends. I'm like, you need to

0:17:39.320 --> 0:17:42.280
<v Speaker 2>get on this. So yeah, I'm like Sad spreading the

0:17:42.320 --> 0:17:43.360
<v Speaker 2>word of Victoria.

0:17:43.160 --> 0:17:46.320
<v Speaker 3>Spreading the good word. I love this And one day,

0:17:46.400 --> 0:17:48.680
<v Speaker 3>when I work out how to make it a proper cult,

0:17:49.200 --> 0:17:51.360
<v Speaker 3>I'll let you know. But till then, we'll just work

0:17:51.400 --> 0:17:54.639
<v Speaker 3>on our financial literacy. Yeah, but yeah, no.

0:17:54.760 --> 0:17:58.280
<v Speaker 2>So I just obsessively consumed all of the podcasts from

0:17:58.320 --> 0:18:01.520
<v Speaker 2>the very beginning. The books did all that, and I

0:18:01.720 --> 0:18:06.119
<v Speaker 2>started just putting all your tips into practice, and it

0:18:06.280 --> 0:18:10.520
<v Speaker 2>was so like liberating, so eye opening. I always had

0:18:10.560 --> 0:18:12.960
<v Speaker 2>thought I was bad at money, but I'm not bad

0:18:13.000 --> 0:18:15.840
<v Speaker 2>at money. I just didn't know. It's like I don't

0:18:15.880 --> 0:18:17.920
<v Speaker 2>know how to fly a plane. I would never tell

0:18:18.000 --> 0:18:19.960
<v Speaker 2>someone I'm bad at flying a plane. I would say

0:18:20.000 --> 0:18:21.840
<v Speaker 2>I actually don't know how to do that. So I

0:18:21.880 --> 0:18:24.720
<v Speaker 2>don't know why I'm so hard on myself about money,

0:18:24.720 --> 0:18:27.960
<v Speaker 2>because I'm not bad at money, I just didn't know exactly.

0:18:28.280 --> 0:18:31.000
<v Speaker 3>And for those of you listening along, please skip back

0:18:31.040 --> 0:18:33.920
<v Speaker 3>fifteen seconds and then listen to that again, because that

0:18:34.080 --> 0:18:37.120
<v Speaker 3>is exactly what I'm trying to teach you. And it's

0:18:37.200 --> 0:18:40.119
<v Speaker 3>kind of like, why are we crucifying our past selves?

0:18:40.280 --> 0:18:42.560
<v Speaker 3>Like you're in sixty four thousand dollars worth of debt.

0:18:42.600 --> 0:18:44.920
<v Speaker 3>I didn't get close to that. I got forty, So like,

0:18:45.040 --> 0:18:48.520
<v Speaker 3>you've blown me out of the water, queen, but by cheap. Yeah,

0:18:48.840 --> 0:18:51.560
<v Speaker 3>I can tell. I really respect that about you. But

0:18:52.200 --> 0:18:53.840
<v Speaker 3>when you look at it, it's like, well, why would

0:18:53.880 --> 0:18:56.000
<v Speaker 3>I crucify her? Like she was trying to do the

0:18:56.080 --> 0:18:59.359
<v Speaker 3>best thing at the time, and yes it wasn't the

0:18:59.520 --> 0:19:02.560
<v Speaker 3>right thing, but she didn't have the tools and resources

0:19:02.600 --> 0:19:06.000
<v Speaker 3>that I have now. And anytime spent feeling guilty or

0:19:06.080 --> 0:19:08.440
<v Speaker 3>feeling like crap about these things that we do is

0:19:08.560 --> 0:19:12.760
<v Speaker 3>literally wasted. So that why bother ruminating on something like

0:19:12.880 --> 0:19:15.200
<v Speaker 3>that when we can go, wow, I know better, and

0:19:15.280 --> 0:19:17.440
<v Speaker 3>when you know better, you can do better and that's

0:19:17.480 --> 0:19:18.040
<v Speaker 3>pretty cool.

0:19:18.320 --> 0:19:22.240
<v Speaker 2>Absolutely. Yeah, So it was life changing, honestly, So thank you,

0:19:22.560 --> 0:19:25.760
<v Speaker 2>welcome to the family. But yeah, so at that point

0:19:25.920 --> 0:19:29.840
<v Speaker 2>I hustled, and I hustled hard. I did anything I

0:19:29.920 --> 0:19:33.560
<v Speaker 2>could to increase my income. So I returned to work

0:19:33.600 --> 0:19:35.760
<v Speaker 2>and I got a promotion at work to earn more money.

0:19:36.400 --> 0:19:40.280
<v Speaker 2>I got another role sort of adjacent to my current

0:19:40.400 --> 0:19:43.520
<v Speaker 2>role that I'm bringing more money and also increase my

0:19:44.119 --> 0:19:48.560
<v Speaker 2>career progression pathway. I picked up other casual work, so

0:19:48.720 --> 0:19:52.560
<v Speaker 2>casual like academic work at the university. I opened my

0:19:52.600 --> 0:19:54.720
<v Speaker 2>own private practice so I could earn more money on

0:19:54.800 --> 0:19:57.440
<v Speaker 2>the day off and on my weekend. Winded up working

0:19:57.920 --> 0:20:01.000
<v Speaker 2>six days a week, which was lot with a young

0:20:01.119 --> 0:20:01.720
<v Speaker 2>child at home.

0:20:02.040 --> 0:20:04.800
<v Speaker 3>That's chaos. And so did you take that twelve months

0:20:04.840 --> 0:20:07.720
<v Speaker 3>of leave or was your maternity leave cut short because

0:20:07.720 --> 0:20:08.480
<v Speaker 3>of the dimas.

0:20:08.400 --> 0:20:11.880
<v Speaker 2>Cut short because I needed to earn some money.

0:20:11.800 --> 0:20:13.879
<v Speaker 3>To get stuff done. You're like, hold on, hold on,

0:20:14.000 --> 0:20:17.080
<v Speaker 3>hold on to give my child the best possible life,

0:20:17.240 --> 0:20:19.080
<v Speaker 3>it doesn't necessarily mean I have to be home for

0:20:19.119 --> 0:20:20.480
<v Speaker 3>twelve months exactly.

0:20:20.680 --> 0:20:24.159
<v Speaker 2>And like with all those debt repayments, I just had to,

0:20:24.440 --> 0:20:27.320
<v Speaker 2>like there was no other way forward. Really, I couldn't

0:20:27.359 --> 0:20:29.960
<v Speaker 2>budget my way out of that. And then in my

0:20:30.040 --> 0:20:32.840
<v Speaker 2>spare time, I started doing things like any spad minute

0:20:32.920 --> 0:20:35.520
<v Speaker 2>I had, I was doing online surveys.

0:20:35.760 --> 0:20:38.240
<v Speaker 3>My she's a real convert. I love this.

0:20:39.560 --> 0:20:42.240
<v Speaker 2>I was doing transcriptions and things that you could listen

0:20:42.280 --> 0:20:45.159
<v Speaker 2>to and type away what that was, and like everything

0:20:45.200 --> 0:20:47.440
<v Speaker 2>through shot back, so any dollars I could squeeze, and

0:20:47.600 --> 0:20:51.320
<v Speaker 2>everything was just going straight into debt repayments, and I

0:20:51.440 --> 0:20:55.280
<v Speaker 2>was able to smash down that debt probably within twelve

0:20:55.760 --> 0:20:56.440
<v Speaker 2>months or so.

0:20:57.720 --> 0:21:01.040
<v Speaker 3>I'm so proud of you. I am so excited. That

0:21:01.280 --> 0:21:02.160
<v Speaker 3>is so cool.

0:21:02.880 --> 0:21:05.240
<v Speaker 2>Yeah, it was. It was really cool to see that,

0:21:05.960 --> 0:21:07.960
<v Speaker 2>like the power of small things. In the past, I

0:21:08.040 --> 0:21:10.320
<v Speaker 2>thought I could there's no point saving a dollar or

0:21:10.320 --> 0:21:12.800
<v Speaker 2>two here and there, And look what it did. It

0:21:12.920 --> 0:21:16.240
<v Speaker 2>all sort of snowballed and cleared my death that she

0:21:16.320 --> 0:21:18.800
<v Speaker 2>was amazing. And then through that it's almost like I

0:21:18.920 --> 0:21:21.040
<v Speaker 2>was forced to learn how to save. So I was

0:21:21.119 --> 0:21:23.200
<v Speaker 2>really careful that once the debt was cleared, I was

0:21:23.240 --> 0:21:27.280
<v Speaker 2>putting all of that into savings to grow. And it grew,

0:21:27.600 --> 0:21:30.080
<v Speaker 2>and I got to the point where I had my

0:21:30.200 --> 0:21:32.600
<v Speaker 2>own personal emergency fund. I had set one up for

0:21:32.680 --> 0:21:37.200
<v Speaker 2>our family. We had a decent amount of savings, and

0:21:37.400 --> 0:21:39.280
<v Speaker 2>it got to the point where we could start investing too,

0:21:39.520 --> 0:21:45.040
<v Speaker 2>So we started investing in shares. We leveraged some equity

0:21:45.080 --> 0:21:47.200
<v Speaker 2>in our house and got an investment property.

0:21:47.440 --> 0:21:50.800
<v Speaker 3>Who are you? I know? Past? You was like, I

0:21:50.880 --> 0:21:52.560
<v Speaker 3>don't know her, I've never met her.

0:21:53.680 --> 0:21:56.000
<v Speaker 2>I just never thought that would be possible. And that's

0:21:56.040 --> 0:22:00.960
<v Speaker 2>all just been since twenty twenty one, you know, after two?

0:22:01.240 --> 0:22:04.840
<v Speaker 3>Can I be really pervy and ask how was your

0:22:04.880 --> 0:22:07.879
<v Speaker 3>relationship with your husband during this journey? Because you mentioned

0:22:08.000 --> 0:22:11.159
<v Speaker 3>before he's like as impulsive as you were, Like you

0:22:11.280 --> 0:22:13.639
<v Speaker 3>both had the same spending habits, and he's a bit

0:22:13.720 --> 0:22:16.880
<v Speaker 3>adhd from what you've said. That can be a really

0:22:16.960 --> 0:22:19.600
<v Speaker 3>confronting conversation to have when one of you has kind

0:22:19.640 --> 0:22:22.080
<v Speaker 3>of like gone down the money rabbit hole, but maybe

0:22:22.119 --> 0:22:24.080
<v Speaker 3>the other's not ready to join or like, this is

0:22:24.080 --> 0:22:27.240
<v Speaker 3>a confronting conversation because it can be really challenging to

0:22:27.320 --> 0:22:30.600
<v Speaker 3>be like, hey, husband, so we're actually not doing as

0:22:30.640 --> 0:22:32.320
<v Speaker 3>well as we thought we were. It can feel like

0:22:32.320 --> 0:22:34.119
<v Speaker 3>a personal attack. How did that go?

0:22:35.760 --> 0:22:37.399
<v Speaker 2>I actually laughed because when I told him I was

0:22:37.440 --> 0:22:39.400
<v Speaker 2>doing this, he groaned and was like, oh, no, you're

0:22:39.400 --> 0:22:41.040
<v Speaker 2>gonna say I'm your worst money habit.

0:22:41.600 --> 0:22:45.080
<v Speaker 3>But he's not no king, no king, we know we

0:22:45.160 --> 0:22:45.960
<v Speaker 3>won't say that though.

0:22:45.960 --> 0:22:49.639
<v Speaker 2>It's all rude, No he's so open to talk about

0:22:49.680 --> 0:22:52.040
<v Speaker 2>these things. And I think we've never shied away from

0:22:52.119 --> 0:22:54.800
<v Speaker 2>money talk or how any stress about it. Like I said,

0:22:55.119 --> 0:22:58.120
<v Speaker 2>I've sort of inherited that from my parents, that abundance mindset,

0:22:58.240 --> 0:23:00.440
<v Speaker 2>And even though we were in this tricky place, it

0:23:00.680 --> 0:23:05.440
<v Speaker 2>wasn't that stressful because I could see possibility in it too,

0:23:06.320 --> 0:23:08.040
<v Speaker 2>And so me and my husband are really opened to

0:23:08.119 --> 0:23:10.280
<v Speaker 2>talking about these things, and we set up our money

0:23:10.359 --> 0:23:12.280
<v Speaker 2>dates and we did all that, and we still do

0:23:12.440 --> 0:23:15.520
<v Speaker 2>that just to realign because sometimes, like I said, he

0:23:15.640 --> 0:23:18.560
<v Speaker 2>is a bit spendye and he line if he don't

0:23:18.720 --> 0:23:20.760
<v Speaker 2>ever think to check the bank account, which is tap

0:23:20.800 --> 0:23:24.159
<v Speaker 2>away and have fun. And he's very open for us

0:23:24.200 --> 0:23:27.720
<v Speaker 2>to sort of readjust and realign and recalibrate what we're

0:23:27.760 --> 0:23:29.800
<v Speaker 2>doing with our money, just as a little check in.

0:23:30.240 --> 0:23:32.280
<v Speaker 2>So yeah, it was never a strain on a relationship,

0:23:32.320 --> 0:23:34.640
<v Speaker 2>which I think. I'm just so lucky to have him

0:23:34.920 --> 0:23:38.359
<v Speaker 2>be as supportive as he is. And he saw that

0:23:38.440 --> 0:23:40.240
<v Speaker 2>I was on my way with this thing and he

0:23:40.320 --> 0:23:42.080
<v Speaker 2>sort of just handed over the reins and he's like,

0:23:43.000 --> 0:23:44.720
<v Speaker 2>you get it, get it clean, do it.

0:23:44.920 --> 0:23:47.680
<v Speaker 3>I love that because sometimes you hear, oh, yeah, I

0:23:47.800 --> 0:23:50.440
<v Speaker 3>was hustling really hard, and my partner really wasn't on board,

0:23:50.480 --> 0:23:52.320
<v Speaker 3>so he was still spending. Well, I'm like trying to

0:23:52.400 --> 0:23:55.080
<v Speaker 3>get ahead, and that can create massive amounts of friction.

0:23:55.400 --> 0:23:57.919
<v Speaker 3>Like the number one reason people get divorced is because

0:23:57.920 --> 0:24:00.960
<v Speaker 3>of money, and that doesn't mean that was your reality.

0:24:01.040 --> 0:24:03.000
<v Speaker 3>But I was like, let's just bring this up because

0:24:03.400 --> 0:24:06.119
<v Speaker 3>it is so refreshing to hear. No, my husband was

0:24:06.200 --> 0:24:08.679
<v Speaker 3>so about it doesn't mean he has to change who

0:24:08.800 --> 0:24:10.760
<v Speaker 3>he is. He just has to be open to the

0:24:10.800 --> 0:24:13.320
<v Speaker 3>conversations and well, what are we going to do to

0:24:13.359 --> 0:24:15.320
<v Speaker 3>put ourselves in a better position. And I'm assuming he

0:24:15.359 --> 0:24:17.280
<v Speaker 3>wants the best for your kids as well, so like,

0:24:17.560 --> 0:24:19.520
<v Speaker 3>good deal, Yeah he does.

0:24:20.680 --> 0:24:22.680
<v Speaker 2>Now I'm very lucky to have him. I think he's

0:24:23.000 --> 0:24:26.119
<v Speaker 2>pretty a pretty rare breed in terms of how supportive

0:24:26.160 --> 0:24:29.960
<v Speaker 2>he is of me and our family. So very lucky.

0:24:30.200 --> 0:24:32.200
<v Speaker 2>So I knew our next goal was we wanted to

0:24:32.240 --> 0:24:34.040
<v Speaker 2>grow our family, and we were in a really good

0:24:34.080 --> 0:24:37.040
<v Speaker 2>financial position to do that. And I knew this time around,

0:24:37.119 --> 0:24:39.159
<v Speaker 2>I was going to reach my goal. I wasn't just

0:24:39.200 --> 0:24:41.120
<v Speaker 2>going to have twelve months off of my next mat leave.

0:24:41.160 --> 0:24:43.200
<v Speaker 2>I was going to take the full two years I

0:24:43.440 --> 0:24:48.760
<v Speaker 2>can't which was very exciting. But so my daughter arrived

0:24:49.080 --> 0:24:53.160
<v Speaker 2>in twenty twenty four. Yeah, and at that same time, actually,

0:24:53.240 --> 0:24:57.200
<v Speaker 2>my husband was offered this new role and I sat

0:24:57.240 --> 0:24:59.800
<v Speaker 2>down and did the numbers, and I realized if he

0:25:00.040 --> 0:25:03.080
<v Speaker 2>took this role, the increase in his salary would actually

0:25:03.119 --> 0:25:06.520
<v Speaker 2>offset my reduction in salary over my map.

0:25:06.840 --> 0:25:08.600
<v Speaker 3>How good, yep, yep.

0:25:08.680 --> 0:25:11.720
<v Speaker 2>So I could use half pay to get us through

0:25:11.800 --> 0:25:13.320
<v Speaker 2>most of the way in our savings and it would

0:25:13.320 --> 0:25:15.920
<v Speaker 2>be covered and we wouldn't have any change to our lifestyle.

0:25:16.880 --> 0:25:18.960
<v Speaker 2>The catch was that his new job was in a

0:25:19.040 --> 0:25:21.840
<v Speaker 2>rural town. We live in a major city, so it

0:25:21.960 --> 0:25:26.320
<v Speaker 2>was a big lifestyle change. And I realized that that

0:25:26.400 --> 0:25:28.240
<v Speaker 2>meant we could also rent our house out in the

0:25:28.320 --> 0:25:32.119
<v Speaker 2>city for an additional income stream you could, which seemed

0:25:32.280 --> 0:25:35.800
<v Speaker 2>very clever to me, and so we decided to go

0:25:35.960 --> 0:25:38.800
<v Speaker 2>for it. And the great thing is we hadn't even

0:25:38.920 --> 0:25:42.880
<v Speaker 2>accounted for our cost of living in a rural town

0:25:43.000 --> 0:25:43.879
<v Speaker 2>is so much lower.

0:25:44.280 --> 0:25:44.480
<v Speaker 3>Yep.

0:25:44.600 --> 0:25:48.000
<v Speaker 2>Absolutely, we're living teacher housing, so our rent is one

0:25:48.119 --> 0:25:52.200
<v Speaker 2>hundred and forty dollars a week. Stop it. We don't

0:25:52.240 --> 0:25:54.800
<v Speaker 2>pay for some of our bills, and there's no shopping

0:25:54.880 --> 0:25:57.840
<v Speaker 2>center here, there's no Uber eats. There's nothing. You know,

0:25:58.000 --> 0:26:00.520
<v Speaker 2>our days consist of playing at the path, going for

0:26:00.640 --> 0:26:05.000
<v Speaker 2>walks and splashing in the river. And that is so.

0:26:05.280 --> 0:26:08.639
<v Speaker 3>And at that point in time, I'm just assuming some

0:26:08.800 --> 0:26:11.160
<v Speaker 3>of these things, so please correct me. But like you've

0:26:11.200 --> 0:26:13.600
<v Speaker 3>got a three year old at that point and a newborn,

0:26:13.640 --> 0:26:17.040
<v Speaker 3>you're kind of like, well, it's about quality time anyway,

0:26:17.440 --> 0:26:20.200
<v Speaker 3>Like we can spend all of this time together and

0:26:20.480 --> 0:26:22.680
<v Speaker 3>my husband's going to be making way more money and

0:26:22.920 --> 0:26:25.720
<v Speaker 3>we'll be more financially secure. Like that's a win for everybody.

0:26:25.920 --> 0:26:27.760
<v Speaker 2>It was amazing. It came at the best time, and

0:26:27.840 --> 0:26:30.719
<v Speaker 2>we realized if we did this yet, it's such a magical,

0:26:30.800 --> 0:26:33.879
<v Speaker 2>idyllic season with the children in slow paced life, that

0:26:33.960 --> 0:26:36.359
<v Speaker 2>we would actually come back to the city and be

0:26:37.440 --> 0:26:40.399
<v Speaker 2>in a better financial situation and we could actually make

0:26:40.440 --> 0:26:43.080
<v Speaker 2>it into our forever home. Like I said, we bought

0:26:43.119 --> 0:26:45.560
<v Speaker 2>our first home. My husband was still a student. We're

0:26:45.640 --> 0:26:48.960
<v Speaker 2>out growing it pretty fast, so we took the leap,

0:26:49.040 --> 0:26:51.399
<v Speaker 2>and when my daughter was eight weeks old, we moved

0:26:51.680 --> 0:26:52.640
<v Speaker 2>to a rural town.

0:26:53.200 --> 0:26:57.800
<v Speaker 3>Perfect no, no, I know what's coming now, and tell me.

0:26:58.320 --> 0:27:00.240
<v Speaker 2>So she was ten weeks old when we start to

0:27:00.320 --> 0:27:03.840
<v Speaker 2>have some issues and we just moved six hours away

0:27:03.880 --> 0:27:08.400
<v Speaker 2>from health service, and she had these episodes which looked

0:27:08.520 --> 0:27:13.720
<v Speaker 2>like seizures. And she had some developmental issues, so she

0:27:14.119 --> 0:27:16.920
<v Speaker 2>had low muscle tone, she was very floppy and very sleepy.

0:27:17.680 --> 0:27:21.280
<v Speaker 2>She had problems with her eyes, she wasn't interactive, she

0:27:21.359 --> 0:27:26.080
<v Speaker 2>didn't smile, and it turns out she was actually classed

0:27:26.119 --> 0:27:28.920
<v Speaker 2>as a high risk for cerebral palsy. So she's got

0:27:29.480 --> 0:27:34.200
<v Speaker 2>muscle tone issues, she has vision difficulties, and a few

0:27:34.200 --> 0:27:36.200
<v Speaker 2>months later, when we started solids, it turns out she

0:27:36.280 --> 0:27:38.600
<v Speaker 2>also had several severe food allergies.

0:27:38.920 --> 0:27:40.040
<v Speaker 3>Oh no, that's same.

0:27:40.080 --> 0:27:40.440
<v Speaker 2>Do you do what?

0:27:40.480 --> 0:27:42.280
<v Speaker 3>You didn't deserve that? On top of all of these.

0:27:42.920 --> 0:27:45.359
<v Speaker 2>It was a lot. So we spent a lot of

0:27:45.480 --> 0:27:48.440
<v Speaker 2>time having to travel between our small town and our

0:27:48.960 --> 0:27:54.640
<v Speaker 2>major city six hours away for all of her appointments pediatrician, allogist, ophthalmologist,

0:27:54.760 --> 0:27:59.520
<v Speaker 2>physioot dietitian, and we had applied for NDAs, but there

0:27:59.640 --> 0:28:02.560
<v Speaker 2>was a so it took over twelve months to receive

0:28:02.600 --> 0:28:05.720
<v Speaker 2>a package for her. So everything we had to do

0:28:05.880 --> 0:28:08.560
<v Speaker 2>for her, all her therapies, all her you know, any

0:28:08.560 --> 0:28:11.480
<v Speaker 2>equipment she needed, paid for out of pocket.

0:28:11.720 --> 0:28:14.919
<v Speaker 3>Yeah, and at that point they're always saying the earlier

0:28:14.960 --> 0:28:17.200
<v Speaker 3>the intervention, the better, Like you need to get on this,

0:28:17.440 --> 0:28:20.600
<v Speaker 3>like we cannot wait. And so you, as a parent,

0:28:20.640 --> 0:28:22.159
<v Speaker 3>you're like, great, well, I'm just going to have to

0:28:22.240 --> 0:28:24.520
<v Speaker 3>fund this. I can't wait until funding comes in or

0:28:25.080 --> 0:28:27.480
<v Speaker 3>when the NDIS is ready for this, like because the

0:28:27.560 --> 0:28:30.680
<v Speaker 3>earlier the intervention, the better the outcomes. So what else

0:28:30.720 --> 0:28:31.440
<v Speaker 3>are you meant to do?

0:28:32.080 --> 0:28:34.040
<v Speaker 2>Absolutely, And like I said, it was just such a

0:28:34.119 --> 0:28:36.159
<v Speaker 2>privilege to have that money sitting there, and so I

0:28:36.200 --> 0:28:39.520
<v Speaker 2>could give that to her and give her those crucial

0:28:39.600 --> 0:28:42.760
<v Speaker 2>first twelve months of early intervention. I just feel so

0:28:43.040 --> 0:28:46.040
<v Speaker 2>sad for parents that were at the mercy of NDIS

0:28:46.120 --> 0:28:49.160
<v Speaker 2>and had to wait, because I honestly don't know what

0:28:49.320 --> 0:28:51.280
<v Speaker 2>her life would be like now had we missed those

0:28:51.760 --> 0:28:55.440
<v Speaker 2>crucial months of early intervention. And she she's amazing. Now,

0:28:55.560 --> 0:28:58.320
<v Speaker 2>she's doing so great, to the point where she responded

0:28:58.360 --> 0:29:00.440
<v Speaker 2>so well to her therapies they took her off the

0:29:00.640 --> 0:29:04.000
<v Speaker 2>at risk category and now she's just being monitored.

0:29:04.080 --> 0:29:06.960
<v Speaker 3>But for now she's so she doesn't have CP. Like

0:29:07.200 --> 0:29:10.880
<v Speaker 3>we're just hanging out. She was just joking, she was

0:29:11.040 --> 0:29:13.040
<v Speaker 3>just having a little bit of a drama time.

0:29:13.960 --> 0:29:16.640
<v Speaker 2>Yeah, yeah, So I just feel so lucky because my

0:29:16.880 --> 0:29:19.840
<v Speaker 2>therapist had explained to me that those children who don't

0:29:19.880 --> 0:29:22.640
<v Speaker 2>get the early intervention can get much worse over time,

0:29:22.680 --> 0:29:25.480
<v Speaker 2>whereas if you get in early sort of rewire the

0:29:25.560 --> 0:29:28.880
<v Speaker 2>pathways to the brain, it sort of overcomes that difficulty.

0:29:29.080 --> 0:29:31.200
<v Speaker 2>So yeah, I'm just so grateful.

0:29:31.360 --> 0:29:34.560
<v Speaker 3>Oh a little icon. I'm so happy. I was like,

0:29:34.720 --> 0:29:38.600
<v Speaker 3>where's this gonna go? Like, you know so hard?

0:29:38.720 --> 0:29:39.440
<v Speaker 2>She's incredible.

0:29:39.760 --> 0:29:42.160
<v Speaker 3>Oh I love that for you guys. That makes me

0:29:42.480 --> 0:29:46.120
<v Speaker 3>so so happy. And so now you guys are back

0:29:46.240 --> 0:29:48.800
<v Speaker 3>to not square one because like we have a heap

0:29:48.880 --> 0:29:52.440
<v Speaker 3>more financial literacy. But tell me about where that emergency

0:29:52.560 --> 0:29:55.920
<v Speaker 3>fund is and how you're getting your finances under control again.

0:29:56.120 --> 0:29:58.600
<v Speaker 2>So yeah, I had to think of how to get

0:29:58.600 --> 0:30:01.640
<v Speaker 2>an income. We weren't finished with living in our rural town.

0:30:01.720 --> 0:30:03.800
<v Speaker 2>We do love it here, and I can't do my

0:30:03.920 --> 0:30:05.920
<v Speaker 2>job here. I need to be in a major city

0:30:06.000 --> 0:30:09.440
<v Speaker 2>to do my job. So I got a bit creative

0:30:09.720 --> 0:30:11.280
<v Speaker 2>with what to do because I didn't want to have

0:30:11.360 --> 0:30:13.520
<v Speaker 2>to put my children in care and spend money on

0:30:13.600 --> 0:30:16.200
<v Speaker 2>childcare and then work. So I wanted to do something

0:30:16.200 --> 0:30:18.040
<v Speaker 2>I could do from home, and that's when I joined

0:30:18.040 --> 0:30:20.600
<v Speaker 2>in mlam I don't think.

0:30:21.080 --> 0:30:24.080
<v Speaker 3>Oh my gosh, I was like, this is going to

0:30:24.120 --> 0:30:30.440
<v Speaker 3>be so good. Sorry, how dare you like tempt me

0:30:30.560 --> 0:30:32.560
<v Speaker 3>with a good time? I know.

0:30:32.720 --> 0:30:36.600
<v Speaker 2>Sorry. I've always wanted to be a teacher actually growing

0:30:36.720 --> 0:30:40.280
<v Speaker 2>up and in my career I sort of gravitate towards

0:30:40.360 --> 0:30:43.320
<v Speaker 2>teaching and training. And at the minute, there's a teacher shortage,

0:30:43.360 --> 0:30:45.280
<v Speaker 2>so the government is pouring a lot of money into

0:30:45.400 --> 0:30:49.720
<v Speaker 2>getting people through a teaching qualification into the classroom. So

0:30:50.400 --> 0:30:53.480
<v Speaker 2>I started my Masters of Teaching and I applied for

0:30:53.920 --> 0:30:56.160
<v Speaker 2>all the scholarships, all the grants, all of that. So

0:30:56.280 --> 0:31:00.680
<v Speaker 2>I'm essentially getting paid to study now and I get

0:31:00.720 --> 0:31:02.360
<v Speaker 2>to stay home with my kids. I'm going to make

0:31:02.400 --> 0:31:04.080
<v Speaker 2>it through my two years of that leave and I

0:31:04.160 --> 0:31:06.120
<v Speaker 2>get a qualification at the end, and I just study

0:31:06.160 --> 0:31:09.840
<v Speaker 2>at night. And it's working really well. I'm enjoying it

0:31:10.040 --> 0:31:10.480
<v Speaker 2>so much.

0:31:10.880 --> 0:31:16.680
<v Speaker 3>Stop it, stop it, stop it. That is so strategic. Like, sorry,

0:31:16.760 --> 0:31:19.240
<v Speaker 3>and you said you were a bee. Sit down. I

0:31:19.360 --> 0:31:21.880
<v Speaker 3>haven't even finished asking you a questions.

0:31:21.560 --> 0:31:24.320
<v Speaker 2>I even thought about because of the hex and stuff

0:31:24.360 --> 0:31:27.800
<v Speaker 2>and the considerations. But the courses are heavily subsidized at

0:31:27.840 --> 0:31:30.720
<v Speaker 2>the minute, and like ticket to masters is really cheap. Yeah,

0:31:31.040 --> 0:31:32.840
<v Speaker 2>what a master's for what it is, which is my

0:31:33.000 --> 0:31:37.560
<v Speaker 2>previous master's course. And I knew my HEX reduction would

0:31:37.680 --> 0:31:39.400
<v Speaker 2>likely come in in the future, so it's going to

0:31:39.480 --> 0:31:41.120
<v Speaker 2>drop down any way. May as well just top it

0:31:41.240 --> 0:31:42.880
<v Speaker 2>up a little bit. I'll still be in a better

0:31:42.920 --> 0:31:46.280
<v Speaker 2>off HEX position, but with this additional qualification, and then

0:31:46.320 --> 0:31:48.600
<v Speaker 2>I end up in a career that has a lot

0:31:48.680 --> 0:31:52.080
<v Speaker 2>of career progression opportunity, and in future I get to

0:31:52.080 --> 0:31:54.480
<v Speaker 2>have school holidays with my children, which I'm obsessed with.

0:31:54.960 --> 0:31:55.480
<v Speaker 2>Stop it.

0:31:56.040 --> 0:31:59.120
<v Speaker 3>This is so exciting, and I just wish I could

0:31:59.160 --> 0:32:02.360
<v Speaker 3>go back to pre and like the day that you

0:32:02.440 --> 0:32:04.680
<v Speaker 3>got your thirty thousand dollar credit card and just be like, Hey,

0:32:04.760 --> 0:32:05.960
<v Speaker 3>did you know the one day you're going to be

0:32:06.040 --> 0:32:08.440
<v Speaker 3>like investing, you're going to move rurally, like you'll be

0:32:08.480 --> 0:32:11.000
<v Speaker 3>getting a second master's degree, and you're going to be

0:32:11.120 --> 0:32:13.600
<v Speaker 3>slaying at life. You'd be like, No, that's not my journey?

0:32:13.800 --> 0:32:14.240
<v Speaker 2>Who is she?

0:32:15.200 --> 0:32:15.680
<v Speaker 1>I love it.

0:32:15.840 --> 0:32:17.959
<v Speaker 2>Like you said, we are sort of starting from scratch,

0:32:18.040 --> 0:32:20.040
<v Speaker 2>but this time I know what I'm doing, so I

0:32:20.080 --> 0:32:23.360
<v Speaker 2>can see the pathway forward and it's not as overwhelming

0:32:23.400 --> 0:32:25.600
<v Speaker 2>as it was, and I know we'll get there. We've

0:32:25.640 --> 0:32:27.080
<v Speaker 2>just got to adjust some timelines.

0:32:27.280 --> 0:32:28.840
<v Speaker 3>I this is so iconic.

0:32:28.960 --> 0:32:29.360
<v Speaker 2>I love it.

0:32:29.480 --> 0:32:31.120
<v Speaker 3>So at the moment, you're not earning an income because

0:32:31.160 --> 0:32:34.240
<v Speaker 3>you're on your two years of maternity leave. What does

0:32:34.280 --> 0:32:36.480
<v Speaker 3>your husband do for work and how much does he earn?

0:32:37.080 --> 0:32:40.600
<v Speaker 2>So he is an assistant principle and he's on one

0:32:40.680 --> 0:32:42.120
<v Speaker 2>hundred and sixty thousand dollars.

0:32:42.360 --> 0:32:45.840
<v Speaker 3>Perfect, And then tell me a little bit more about

0:32:46.000 --> 0:32:48.880
<v Speaker 3>like your big money goals. Obviously it's to increase your

0:32:48.960 --> 0:32:51.360
<v Speaker 3>education and get back into the workforce at some point.

0:32:51.520 --> 0:32:53.560
<v Speaker 3>But I feel like we've already ticked off a number

0:32:53.600 --> 0:32:56.280
<v Speaker 3>of goals. We've got our first home, it's currently being

0:32:56.320 --> 0:32:59.440
<v Speaker 3>rented out. You also have an investment property you started investing,

0:32:59.560 --> 0:33:03.480
<v Speaker 3>like what the plan financially, So we've got a few

0:33:03.920 --> 0:33:04.880
<v Speaker 3>I guess in the short term.

0:33:04.960 --> 0:33:07.840
<v Speaker 2>Next year we want to take our first big overseas

0:33:08.000 --> 0:33:10.920
<v Speaker 2>holiday as a family. My husband's from overseas, so we

0:33:11.000 --> 0:33:14.240
<v Speaker 2>would love for our children to meet their great grandma

0:33:14.400 --> 0:33:18.400
<v Speaker 2>before she's too old and just sort of reconnect with

0:33:18.440 --> 0:33:21.560
<v Speaker 2>their heritage a little bit. I would love to grow

0:33:21.560 --> 0:33:24.040
<v Speaker 2>at our share portfolio, and our big one is to

0:33:24.080 --> 0:33:26.120
<v Speaker 2>get into our forever home, so that's sort of a

0:33:26.200 --> 0:33:26.960
<v Speaker 2>longer term goal.

0:33:27.240 --> 0:33:30.239
<v Speaker 3>Totally. And is that something that you're prioritizing right now?

0:33:30.400 --> 0:33:32.680
<v Speaker 3>You're like, Okay, we're going to get our emergency fund

0:33:32.760 --> 0:33:34.760
<v Speaker 3>and all of these like short term things sorted, but

0:33:35.160 --> 0:33:37.760
<v Speaker 3>one day we will step up into a bigger property.

0:33:38.120 --> 0:33:40.680
<v Speaker 2>Yeah exactly right. Yeah, we just focus on getting back

0:33:40.720 --> 0:33:43.240
<v Speaker 2>to where we were, and then there are goals moving forward.

0:33:43.440 --> 0:33:45.880
<v Speaker 3>Yeah, and when I'm just like so pervy about all

0:33:45.920 --> 0:33:48.960
<v Speaker 3>of this stuff, so I do apologize. But when it

0:33:49.080 --> 0:33:51.760
<v Speaker 3>comes to that next home, is that something where you'll

0:33:51.800 --> 0:33:54.440
<v Speaker 3>probably sit down and start saving another deposit or do

0:33:54.480 --> 0:33:57.000
<v Speaker 3>you think that there might be enough equity in your

0:33:57.040 --> 0:33:59.880
<v Speaker 3>first home and your investment property to hopefully leverage you

0:34:00.200 --> 0:34:02.840
<v Speaker 3>into a situation where you don't have to like start

0:34:02.920 --> 0:34:05.120
<v Speaker 3>start from scratch when it comes to the property ladder.

0:34:05.440 --> 0:34:08.040
<v Speaker 2>Yeah, I definitely think we could leverage some equity, but

0:34:08.080 --> 0:34:08.600
<v Speaker 2>I would like.

0:34:08.680 --> 0:34:12.239
<v Speaker 3>To save a bit as well. Yeah, safety, I feel

0:34:12.280 --> 0:34:14.520
<v Speaker 3>like it's a good idea. All right, you have worked

0:34:14.640 --> 0:34:17.840
<v Speaker 3>so hard to achieve everything that you guys have achieved,

0:34:17.920 --> 0:34:19.759
<v Speaker 3>but I need to know how are you protecting it?

0:34:19.920 --> 0:34:22.040
<v Speaker 3>Do you have personal insurances set up?

0:34:22.840 --> 0:34:25.600
<v Speaker 2>I do, Actually I only got them sorted a couple

0:34:25.640 --> 0:34:27.520
<v Speaker 2>of weeks ago. But yeah, given that I had to

0:34:27.600 --> 0:34:30.239
<v Speaker 2>put all my other financial goals on the back burner

0:34:30.280 --> 0:34:33.440
<v Speaker 2>while I built up my emergency fund, I thought, I

0:34:33.480 --> 0:34:35.719
<v Speaker 2>may as well get my insurances sorted, and that way,

0:34:36.280 --> 0:34:39.960
<v Speaker 2>I'm putting myself in a better financial position through that way.

0:34:40.280 --> 0:34:42.279
<v Speaker 3>Why did you decide, all right, well, I need to

0:34:42.280 --> 0:34:43.600
<v Speaker 3>set up my personal insurances.

0:34:43.880 --> 0:34:47.040
<v Speaker 2>I just felt like it would give me more stability

0:34:47.160 --> 0:34:49.800
<v Speaker 2>and more comfort, and the fact that I have children

0:34:49.880 --> 0:34:52.080
<v Speaker 2>and more assets now compared to when I was younger

0:34:52.760 --> 0:34:55.240
<v Speaker 2>just felt like the right time to sort of square

0:34:55.280 --> 0:34:58.200
<v Speaker 2>that away and make sure that everything's protected and everyone.

0:34:58.440 --> 0:35:01.640
<v Speaker 3>Is safe totally. But also so I'm like always talking

0:35:01.680 --> 0:35:03.880
<v Speaker 3>to people who are like Victoria, I have assets and

0:35:03.960 --> 0:35:07.439
<v Speaker 3>children now, life is so expensive. Where did you start?

0:35:07.520 --> 0:35:09.920
<v Speaker 3>Did you just do your insurances yourself? Did you just

0:35:10.000 --> 0:35:11.719
<v Speaker 3>like go online and set them up? Or did you

0:35:11.800 --> 0:35:13.320
<v Speaker 3>see someone? What was the process?

0:35:14.040 --> 0:35:15.279
<v Speaker 2>I went through Skywealth?

0:35:15.560 --> 0:35:19.239
<v Speaker 3>Oh okay, Queen, just like a little plug for Phil's team.

0:35:19.800 --> 0:35:23.279
<v Speaker 2>Absolutely, they were incredible. They made everything so easy. I'm

0:35:23.320 --> 0:35:26.600
<v Speaker 2>not very good at like paperwork and returning forms and

0:35:26.680 --> 0:35:28.359
<v Speaker 2>things I get a bit needy atable, but they were

0:35:28.600 --> 0:35:31.000
<v Speaker 2>super helpful and they made the whole process really easy.

0:35:31.239 --> 0:35:33.600
<v Speaker 3>I'm obsessed. All right. Well, I mean that's really great

0:35:33.640 --> 0:35:35.919
<v Speaker 3>because this episode was brought to you by sky Wealth,

0:35:35.920 --> 0:35:39.200
<v Speaker 3>which is kind of hilarious. And I'm with sky Wealth,

0:35:39.280 --> 0:35:41.399
<v Speaker 3>as is I feel like most of our community because

0:35:41.440 --> 0:35:43.880
<v Speaker 3>we talk about them and love them. But I was

0:35:43.960 --> 0:35:46.360
<v Speaker 3>not expecting you to say I'm with sky Wealth. I

0:35:46.440 --> 0:35:49.320
<v Speaker 3>didn't know that at all. So what a perfect outcome.

0:35:49.880 --> 0:35:53.080
<v Speaker 3>I know it wasn't planned at all. No, it actually wasn't.

0:35:53.239 --> 0:35:57.040
<v Speaker 3>But moving on, I want to know, all right, let's

0:35:57.040 --> 0:35:58.719
<v Speaker 3>go to a really quick break because I want to

0:35:58.719 --> 0:36:01.400
<v Speaker 3>ask you more about your share port folio, more about

0:36:01.440 --> 0:36:05.440
<v Speaker 3>like maybe existing debts and what those mortgages actually look like,

0:36:05.560 --> 0:36:07.960
<v Speaker 3>and then best and worst money habits that are not yours, buch.

0:36:08.040 --> 0:36:10.360
<v Speaker 3>So let's go to a break and we'll see you

0:36:10.440 --> 0:36:17.239
<v Speaker 3>on the flip side. All right, guys, we are back,

0:36:17.360 --> 0:36:19.840
<v Speaker 3>and I want to talk about your share portfolio. So

0:36:20.120 --> 0:36:24.120
<v Speaker 3>you said I've started investing, and that is so flipping exciting.

0:36:24.760 --> 0:36:28.640
<v Speaker 3>How how did you jump into your first investment? Because

0:36:28.640 --> 0:36:32.239
<v Speaker 3>I feel like investing is overwhelming, but the hardest part

0:36:32.480 --> 0:36:34.920
<v Speaker 3>is doing your first trade. How did you do it?

0:36:35.840 --> 0:36:38.239
<v Speaker 2>Well? Being a shoes on the money, a convert I

0:36:38.760 --> 0:36:41.600
<v Speaker 2>signed up for Chasy's got my free ten dollars, popped

0:36:41.640 --> 0:36:43.839
<v Speaker 2>that in and just sat with that for a couple

0:36:43.920 --> 0:36:47.200
<v Speaker 2>of weeks, and then slowly added a little bit more

0:36:47.480 --> 0:36:49.720
<v Speaker 2>and just sort of built up wherever I could find

0:36:50.080 --> 0:36:53.320
<v Speaker 2>a bit of money until now it's not scary, it's exciting.

0:36:53.520 --> 0:36:56.000
<v Speaker 3>That is so fun. And what type of level of

0:36:56.120 --> 0:36:58.239
<v Speaker 3>investment have we got in our portfolio at this point

0:36:58.280 --> 0:36:58.640
<v Speaker 3>in time.

0:36:58.920 --> 0:37:01.000
<v Speaker 2>It's not very biger than in it, so to met

0:37:01.040 --> 0:37:04.439
<v Speaker 2>We've got five one hundred and ninety nine dollars.

0:37:04.560 --> 0:37:06.600
<v Speaker 3>Do you mean not big? At the moment?

0:37:07.400 --> 0:37:09.319
<v Speaker 2>I'd like, you know, you hear money stories where they've

0:37:09.320 --> 0:37:10.880
<v Speaker 2>got these amazing portfolios.

0:37:10.960 --> 0:37:13.160
<v Speaker 3>So that's my goal one totally, Like you could have

0:37:13.200 --> 0:37:15.680
<v Speaker 3>one hundred grand dinner share portfolio, but like sis, sit down,

0:37:15.760 --> 0:37:18.320
<v Speaker 3>you've got your first home, you've got an investment property,

0:37:18.360 --> 0:37:21.279
<v Speaker 3>you've got two children, your husband's and assistant principal. I

0:37:21.320 --> 0:37:24.120
<v Speaker 3>think you're doing fine to have five grand in shares.

0:37:24.200 --> 0:37:27.760
<v Speaker 3>That queen step back because like, yeah, I will enable

0:37:27.840 --> 0:37:30.439
<v Speaker 3>your purchases, but I won't let you bring yourself down

0:37:30.480 --> 0:37:32.439
<v Speaker 3>and that's not going to happen. That's not going to happen,

0:37:32.840 --> 0:37:35.799
<v Speaker 3>thank you. That is very exciting. So did you once

0:37:35.840 --> 0:37:37.600
<v Speaker 3>you had your first ten dollars and you're making your

0:37:37.600 --> 0:37:39.520
<v Speaker 3>first trade, did you pick an ETF? Did you pick

0:37:39.560 --> 0:37:42.560
<v Speaker 3>a direct share? If so, how did you make that decision?

0:37:43.040 --> 0:37:46.239
<v Speaker 2>I picked an ETF Again, I just sort of went

0:37:46.600 --> 0:37:49.040
<v Speaker 2>with things that had been discussed on the podcast in

0:37:49.160 --> 0:37:51.520
<v Speaker 2>terms of having a core satellite approach.

0:37:51.680 --> 0:37:52.960
<v Speaker 3>Do you want to be on the podcast because it

0:37:53.000 --> 0:37:54.920
<v Speaker 3>sounds like you could like literally run.

0:37:54.800 --> 0:37:55.160
<v Speaker 2>It for me.

0:37:55.280 --> 0:37:57.399
<v Speaker 3>At this point, I just be quoting you all day.

0:37:57.560 --> 0:37:59.200
<v Speaker 3>It's good. That's what I do all day. I just

0:37:59.280 --> 0:38:00.440
<v Speaker 3>repeat myself. So why not?

0:38:01.480 --> 0:38:05.279
<v Speaker 2>So? Yeah, I picked an Australian ETF, like an ASX

0:38:05.520 --> 0:38:10.080
<v Speaker 2>two hundred, and then an American ETF as well.

0:38:10.080 --> 0:38:12.120
<v Speaker 3>In tech fun. So we've got a little bit of

0:38:12.200 --> 0:38:17.200
<v Speaker 3>diversification there, which is really exciting. Now, tell me about debts.

0:38:17.400 --> 0:38:19.320
<v Speaker 3>We know of two debts that you currently have, but

0:38:19.400 --> 0:38:22.560
<v Speaker 3>they are good debts, not bad debts. The first one

0:38:22.640 --> 0:38:24.640
<v Speaker 3>you took on was your first home with your husband.

0:38:25.360 --> 0:38:27.320
<v Speaker 3>How much did you purchase that property for? Tell me

0:38:27.440 --> 0:38:28.480
<v Speaker 3>all of the nitty gritty.

0:38:28.760 --> 0:38:33.360
<v Speaker 2>Yes, so our house we bought for five hundred thousand

0:38:33.400 --> 0:38:37.319
<v Speaker 2>dollars in twenty eighteen. That mortgage is currently sitting at

0:38:37.680 --> 0:38:40.680
<v Speaker 2>five hundred and forty eight thousand, nine hundred and twelve,

0:38:40.960 --> 0:38:43.360
<v Speaker 2>just because we pulled some of that equity out. But

0:38:43.440 --> 0:38:47.400
<v Speaker 2>it's currently worth seven hundred and twenty nine thousand dollars.

0:38:47.960 --> 0:38:51.279
<v Speaker 2>Very nice, And it's been rented at the minute for

0:38:51.440 --> 0:38:52.600
<v Speaker 2>five hundred dollars a week.

0:38:52.760 --> 0:38:55.479
<v Speaker 3>Oh good rental yield on a five hundred and forty

0:38:55.520 --> 0:38:58.600
<v Speaker 3>eight thousand dollars mortgage. That's nice. Yeah, it is nice.

0:38:58.680 --> 0:39:01.400
<v Speaker 2>Yeah, I think the yield is four point seventy five percent.

0:39:01.640 --> 0:39:03.319
<v Speaker 3>Yeah on that. In my head, I was like, that's

0:39:03.320 --> 0:39:05.040
<v Speaker 3>about five percent. That's a good deal. Yeah.

0:39:05.280 --> 0:39:08.520
<v Speaker 2>And then so our other house, our investment property, we

0:39:08.760 --> 0:39:11.480
<v Speaker 2>bought that in twenty twenty three for four hundred and

0:39:11.560 --> 0:39:14.799
<v Speaker 2>fifty six thousand, five hundred and fifteen dollars.

0:39:14.880 --> 0:39:17.120
<v Speaker 3>Five hundred and fifteen dollars. That's very specific.

0:39:17.239 --> 0:39:20.080
<v Speaker 2>I love that we have only been paying the interest

0:39:20.160 --> 0:39:21.800
<v Speaker 2>on that mortgage at the minute, so that's still sitting

0:39:21.840 --> 0:39:24.360
<v Speaker 2>as it is, but that is now worth seven hundred

0:39:24.400 --> 0:39:28.520
<v Speaker 2>and forty thousand dollars. What and yeah, I know it's

0:39:28.760 --> 0:39:32.120
<v Speaker 2>it's been amazing. And then the it's rented for six

0:39:32.360 --> 0:39:33.319
<v Speaker 2>fifty a week.

0:39:33.480 --> 0:39:36.239
<v Speaker 3>That's even better. Rented yield. Yeah, seven point four to

0:39:36.239 --> 0:39:39.719
<v Speaker 3>two percent on that sorry, and you're like, oh, yeah,

0:39:39.760 --> 0:39:41.759
<v Speaker 3>I think I'm a bee. And you're sitting on like

0:39:41.840 --> 0:39:44.840
<v Speaker 3>basically half a million dollars worth of equity and have

0:39:45.000 --> 0:39:48.480
<v Speaker 3>really great rental yields on both of these properties, and

0:39:48.600 --> 0:39:50.320
<v Speaker 3>you're like, oh, no, I wish I had a bigger

0:39:50.360 --> 0:39:51.280
<v Speaker 3>investment portfolio.

0:39:51.600 --> 0:39:54.439
<v Speaker 2>You do, I know, but it feels like because there's

0:39:54.480 --> 0:39:56.320
<v Speaker 2>a lot of debt sitting on those two which.

0:39:56.160 --> 0:39:58.680
<v Speaker 3>Feels okay, yeah, Like and I mean you're probably in

0:39:58.800 --> 0:40:01.920
<v Speaker 3>nearly a million dollars worth debt. Fantastic, But if we

0:40:02.080 --> 0:40:04.720
<v Speaker 3>sold both of those properties, you got five hundred cash.

0:40:05.680 --> 0:40:07.279
<v Speaker 3>That's a lot, And like, we don't want to do

0:40:07.360 --> 0:40:09.879
<v Speaker 3>that because we like the rental yield. But with five

0:40:09.960 --> 0:40:12.719
<v Speaker 3>hundred thousand dollars worth of equity, we could absolutely get

0:40:12.760 --> 0:40:14.880
<v Speaker 3>you into your forever home. I mean, it's probably not

0:40:14.960 --> 0:40:17.000
<v Speaker 3>an ideal timing right now. So I'd be like, look,

0:40:17.160 --> 0:40:19.239
<v Speaker 3>just put that off as long as you possibly can,

0:40:19.360 --> 0:40:22.120
<v Speaker 3>because the equity is going to grow and your rental

0:40:22.200 --> 0:40:25.920
<v Speaker 3>yield will start paying off more of those mortgages, be

0:40:26.040 --> 0:40:29.600
<v Speaker 3>more financially stable. But go, yes, you can save, but

0:40:30.080 --> 0:40:32.320
<v Speaker 3>I don't think you'll need to for your next property.

0:40:33.239 --> 0:40:34.239
<v Speaker 2>Yeah, that's exciting to you.

0:40:34.400 --> 0:40:39.839
<v Speaker 3>That is so cool. Yeah, oh my god, how did

0:40:39.920 --> 0:40:43.239
<v Speaker 3>you make a decision about that investment property? Because I'm

0:40:43.280 --> 0:40:45.279
<v Speaker 3>telling you right now, if someone could guarantee me that

0:40:45.400 --> 0:40:47.879
<v Speaker 3>rental yield, I'd like take my money. That's fine. I'd

0:40:47.920 --> 0:40:51.520
<v Speaker 3>love that mortgage. So how did you decide, oh, that's

0:40:51.560 --> 0:40:53.760
<v Speaker 3>a good location to buy. Did you use a bias

0:40:53.840 --> 0:40:56.000
<v Speaker 3>agent or did you guys make the decision.

0:40:56.200 --> 0:40:59.920
<v Speaker 2>Actually, we came across a financial advisor that's sort of

0:41:00.360 --> 0:41:04.880
<v Speaker 2>specializes in property. We actually were going to go ahead

0:41:04.920 --> 0:41:08.759
<v Speaker 2>with doing it a long time ago and COVID hit

0:41:08.840 --> 0:41:10.480
<v Speaker 2>and we panicked and pulled out of the deal, and

0:41:10.520 --> 0:41:12.120
<v Speaker 2>then looking back at the house that we were going

0:41:12.200 --> 0:41:14.960
<v Speaker 2>to buy, we were like, whoa, that went up a

0:41:15.200 --> 0:41:18.000
<v Speaker 2>lot as stressful as out. So this time we absolutely

0:41:18.120 --> 0:41:19.560
<v Speaker 2>just have to pull a trigger on it, even if

0:41:19.600 --> 0:41:23.399
<v Speaker 2>we feel uncomfortable. And I'm so glad we did, because yeah,

0:41:23.440 --> 0:41:25.120
<v Speaker 2>the scariest thing is doing it. Now that we'reing it,

0:41:25.480 --> 0:41:26.240
<v Speaker 2>it feels fine.

0:41:26.560 --> 0:41:29.920
<v Speaker 3>So yeah, I love that. And how did you know

0:41:30.080 --> 0:41:33.799
<v Speaker 3>to trust this financial advisor slash buyer's agent? Like where

0:41:33.880 --> 0:41:36.080
<v Speaker 3>does that coming? Because I feel like this space can

0:41:36.160 --> 0:41:38.799
<v Speaker 3>be really overwhelming and daunting, especially if you've not come

0:41:38.840 --> 0:41:41.800
<v Speaker 3>from a position of like high levels of financial literacy.

0:41:42.200 --> 0:41:45.120
<v Speaker 3>So we sort of found them while I still wasn't

0:41:45.200 --> 0:41:48.480
<v Speaker 3>very financially literate, which is not great because I probably

0:41:48.520 --> 0:41:52.520
<v Speaker 3>didn't do my due diligence and check on much at all.

0:41:53.000 --> 0:41:55.160
<v Speaker 3>So really it's just come down to luck that they

0:41:55.280 --> 0:41:59.760
<v Speaker 3>were actually legitimate and they worked really well. But in future,

0:42:00.040 --> 0:42:02.840
<v Speaker 3>would strongly recommend to anyone not to do that approach

0:42:03.000 --> 0:42:05.239
<v Speaker 3>that I just sort of, you know, let's just do

0:42:05.360 --> 0:42:07.719
<v Speaker 3>it and it'll all work out fine. I mean, it's

0:42:07.840 --> 0:42:10.080
<v Speaker 3>not the worst thing in the world, but yes, I

0:42:10.160 --> 0:42:12.160
<v Speaker 3>get a little bit stressed when people say they've used

0:42:12.160 --> 0:42:14.560
<v Speaker 3>a buy this agent to buy an investment property, because

0:42:14.560 --> 0:42:16.359
<v Speaker 3>there's just so many people in the industry who don't

0:42:16.360 --> 0:42:18.400
<v Speaker 3>know what they're talking about, and like, you don't know

0:42:18.480 --> 0:42:21.239
<v Speaker 3>what you don't know because these people, especially people in

0:42:21.320 --> 0:42:22.960
<v Speaker 3>real estate, and like, if you're listening to this and

0:42:23.000 --> 0:42:25.319
<v Speaker 3>you're in real estate, I'm sure you're a delightful human.

0:42:25.560 --> 0:42:28.680
<v Speaker 3>But we all know there are many snakes in real estate,

0:42:28.800 --> 0:42:31.040
<v Speaker 3>and they're so good at talking, and they are so

0:42:31.239 --> 0:42:34.560
<v Speaker 3>good at selling the dream, and it drives me nuts

0:42:34.600 --> 0:42:38.040
<v Speaker 3>because they'll promise a brilliant rental yield and then they

0:42:38.160 --> 0:42:41.080
<v Speaker 3>sell you something in a housing estate that never increases

0:42:41.120 --> 0:42:43.120
<v Speaker 3>in value. You don't end up with any equity, and

0:42:43.200 --> 0:42:45.560
<v Speaker 3>your rental yield is dismal, and they go, well, that's

0:42:45.640 --> 0:42:48.520
<v Speaker 3>the market being off. So sorry, like because there's no

0:42:48.680 --> 0:42:52.120
<v Speaker 3>real ramifications because like you know, past performance is not

0:42:52.160 --> 0:42:54.360
<v Speaker 3>a reliable predict or a fusion performance. They can promise

0:42:54.400 --> 0:42:55.760
<v Speaker 3>you anything exactly.

0:42:56.160 --> 0:42:58.960
<v Speaker 2>You know, like I said, we've just been incredibly lucky.

0:42:59.040 --> 0:43:02.080
<v Speaker 3>And I love this. So talk to me.

0:43:02.360 --> 0:43:05.279
<v Speaker 2>What do you think your best money habit is. I

0:43:05.480 --> 0:43:10.560
<v Speaker 2>think my best money habits It wasn't a specific habit.

0:43:10.640 --> 0:43:13.680
<v Speaker 2>I think it's more my attitude and my mindset towards money,

0:43:13.760 --> 0:43:16.439
<v Speaker 2>so that abundance mindset, because I feel like it's laid

0:43:16.480 --> 0:43:20.360
<v Speaker 2>a strong foundation to build everything else on top of. Like,

0:43:20.520 --> 0:43:22.960
<v Speaker 2>my money habits changed depending on where I am with

0:43:23.080 --> 0:43:25.840
<v Speaker 2>my finances, but at the base of that is always

0:43:25.880 --> 0:43:29.160
<v Speaker 2>that I view money as this tool that can get

0:43:29.239 --> 0:43:32.080
<v Speaker 2>me places, or do things for us, or give us freedom.

0:43:32.520 --> 0:43:34.360
<v Speaker 2>And that's allowed, like I said, me and my husband

0:43:34.440 --> 0:43:36.640
<v Speaker 2>to speak comfortably about it, or for me to start

0:43:36.680 --> 0:43:40.359
<v Speaker 2>discussing money with my friends, which has you know, been

0:43:40.440 --> 0:43:42.680
<v Speaker 2>able to set some of them in the right pathway too.

0:43:43.040 --> 0:43:45.480
<v Speaker 2>So yeah, I think that's probably my best habit.

0:43:45.880 --> 0:43:49.400
<v Speaker 3>I couldn't agree more your entire attitude throughout this. I'm like,

0:43:49.440 --> 0:43:51.600
<v Speaker 3>I wish everybody in the community embraced it in the

0:43:51.680 --> 0:43:54.279
<v Speaker 3>same way. I also wish everybody in the community had

0:43:54.280 --> 0:43:57.160
<v Speaker 3>a husband that was as supportive. We're not going to

0:43:57.200 --> 0:43:59.799
<v Speaker 3>make him our worst money habit, so shout out to him.

0:44:00.080 --> 0:44:01.399
<v Speaker 3>What is your worst money habit?

0:44:01.440 --> 0:44:01.600
<v Speaker 2>Though?

0:44:01.960 --> 0:44:02.880
<v Speaker 3>Oh it's so basic.

0:44:03.360 --> 0:44:06.640
<v Speaker 2>I still really struggle with my budgeting and cash flow,

0:44:06.760 --> 0:44:11.080
<v Speaker 2>and I have tried so many different iterations of how

0:44:11.200 --> 0:44:14.160
<v Speaker 2>to budget or track the money in different ways and

0:44:14.480 --> 0:44:17.920
<v Speaker 2>like you know, written or in an app, and like,

0:44:18.480 --> 0:44:20.520
<v Speaker 2>I am not a freak in the sheets. My Excel

0:44:20.560 --> 0:44:24.319
<v Speaker 2>spreadsheets are very basic and they just don't seem to work.

0:44:24.480 --> 0:44:26.680
<v Speaker 2>It always gets to the point where I'm shuffling money

0:44:26.960 --> 0:44:30.319
<v Speaker 2>back and forwards between my savings and my spending, which

0:44:30.360 --> 0:44:32.880
<v Speaker 2>is really frustrating because then we can't reach our financial

0:44:32.960 --> 0:44:36.279
<v Speaker 2>goals as well, because we're not consistently putting things away

0:44:36.280 --> 0:44:37.879
<v Speaker 2>because I just need to shuffle it back and forward

0:44:37.880 --> 0:44:40.360
<v Speaker 2>a bit too much. But I keep working on that.

0:44:40.560 --> 0:44:42.120
<v Speaker 3>No, no, no, I can fix that easy. I'll just

0:44:42.160 --> 0:44:44.839
<v Speaker 3>give you access to my money masterclass. I've literally done

0:44:44.840 --> 0:44:47.040
<v Speaker 3>it all. I'm a psycho. So like when you said

0:44:47.040 --> 0:44:48.480
<v Speaker 3>you're not a freaking the sheets, I was like, where

0:44:48.480 --> 0:44:50.080
<v Speaker 3>are we going with this? And then you're talking about

0:44:50.120 --> 0:44:52.239
<v Speaker 3>spreadshets and I was like, well, girl, I am, I'm

0:44:52.280 --> 0:44:55.919
<v Speaker 3>a psycho. I have not just built a spreadsheet that works.

0:44:55.960 --> 0:44:58.239
<v Speaker 3>I have automated the entire thing. So all you do

0:44:58.360 --> 0:44:59.839
<v Speaker 3>is put your budget in and then it will tell

0:44:59.840 --> 0:45:02.759
<v Speaker 3>you what needs to go into which bank account at

0:45:02.800 --> 0:45:05.560
<v Speaker 3>which time. And if you're like, well, actually, Victoria, our

0:45:05.640 --> 0:45:08.120
<v Speaker 3>income comes in on a fortnightly basis, don't worry, queen.

0:45:08.239 --> 0:45:11.080
<v Speaker 3>Just change your setting and it'll be weekly, fortnightly, monthly,

0:45:11.239 --> 0:45:13.080
<v Speaker 3>like it could even be annually if you want it

0:45:13.160 --> 0:45:15.719
<v Speaker 3>to be. And I am so proud of that thing

0:45:16.160 --> 0:45:19.720
<v Speaker 3>and the fact that I coded it for basically nine months,

0:45:19.840 --> 0:45:21.640
<v Speaker 3>Like let's not talk about how long it took me.

0:45:21.800 --> 0:45:24.160
<v Speaker 3>Let's just talk about how good the outcome is. But

0:45:24.320 --> 0:45:27.160
<v Speaker 3>that has literally changed the money story of thousands of people.

0:45:27.320 --> 0:45:31.760
<v Speaker 3>And it's my favorite thing ever because like it literally

0:45:31.840 --> 0:45:33.480
<v Speaker 3>automates it for you. So I'm going to send you

0:45:33.600 --> 0:45:35.160
<v Speaker 3>that and that I can fix that. You don't have

0:45:35.200 --> 0:45:38.120
<v Speaker 3>that bad money happen anymore. Bam, done, We're done, Thank.

0:45:38.000 --> 0:45:41.040
<v Speaker 2>You, Thank you so much. That would be incredible, because yeah,

0:45:41.040 --> 0:45:42.759
<v Speaker 2>I just can't seem to get it together.

0:45:43.160 --> 0:45:45.600
<v Speaker 3>Now you've got it, I'm so excited. And to be honest,

0:45:45.920 --> 0:45:48.800
<v Speaker 3>the way it's structured would work really well for you

0:45:48.920 --> 0:45:51.840
<v Speaker 3>guys as well, because you'd pick the duel version. So

0:45:51.920 --> 0:45:53.720
<v Speaker 3>I've got two versions of it if you're a single

0:45:53.800 --> 0:45:55.960
<v Speaker 3>income household and then you've got your duel, but I

0:45:56.000 --> 0:45:57.960
<v Speaker 3>would use the duel one and just mark yours down

0:45:58.000 --> 0:46:00.239
<v Speaker 3>as zero just because you're on Matt Lee. But then

0:46:00.280 --> 0:46:02.120
<v Speaker 3>you don't have to fix it up at another time.

0:46:02.680 --> 0:46:06.239
<v Speaker 3>But then joint costs like kids and savings goals and

0:46:06.360 --> 0:46:09.640
<v Speaker 3>infesting goals and budgets for your first home. I even

0:46:09.719 --> 0:46:11.600
<v Speaker 3>built in And this is like not me trying to

0:46:11.680 --> 0:46:13.719
<v Speaker 3>blow my own horn. I just think it's a really

0:46:14.280 --> 0:46:17.560
<v Speaker 3>cool thing to build in a mortgage repayment calculator on

0:46:17.640 --> 0:46:19.839
<v Speaker 3>one of the tabs. So like if you put your

0:46:19.920 --> 0:46:22.160
<v Speaker 3>loans in and your interest rate and then like have

0:46:22.280 --> 0:46:23.520
<v Speaker 3>a bit of a fiddle with it and go, well,

0:46:23.560 --> 0:46:26.400
<v Speaker 3>what does fifty dollars a week, look like. In addition,

0:46:26.800 --> 0:46:28.520
<v Speaker 3>it will tell you how many years it cuts off

0:46:28.560 --> 0:46:28.879
<v Speaker 3>your loan.

0:46:29.080 --> 0:46:29.720
<v Speaker 2>That's amazing.

0:46:29.840 --> 0:46:32.600
<v Speaker 3>I'm just excited about that. I'm just a maths girl

0:46:32.680 --> 0:46:34.480
<v Speaker 3>at heart, and we're going to stop talking about it

0:46:34.520 --> 0:46:36.719
<v Speaker 3>because you guys might start thinking I'm a nerd and

0:46:36.920 --> 0:46:40.440
<v Speaker 3>couldn't have that. But that is so exciting money direst

0:46:40.520 --> 0:46:42.319
<v Speaker 3>And I'm really sad that we're running out of time.

0:46:43.760 --> 0:46:46.160
<v Speaker 3>If there was one thing that you could say to

0:46:46.280 --> 0:46:48.799
<v Speaker 3>somebody who's in the position you were in. So they

0:46:48.880 --> 0:46:51.400
<v Speaker 3>feel like they're drowning in debt. They've just started listening

0:46:51.480 --> 0:46:54.680
<v Speaker 3>to money story. It's all completely overwhelming. What would you

0:46:54.719 --> 0:46:55.239
<v Speaker 3>tell them to do?

0:46:55.600 --> 0:46:57.879
<v Speaker 2>I don't know. I guess starts small, like you say,

0:46:58.080 --> 0:47:02.960
<v Speaker 2>from little things big things, and that's truly how it started.

0:47:03.000 --> 0:47:04.640
<v Speaker 2>Being able to put a couple of dollars here and

0:47:04.760 --> 0:47:07.319
<v Speaker 2>there into things was the way to start, and then

0:47:08.000 --> 0:47:11.200
<v Speaker 2>and then it just grows from there. So I think

0:47:11.680 --> 0:47:13.720
<v Speaker 2>everyone can do what I've done. I'm not special.

0:47:13.920 --> 0:47:14.960
<v Speaker 3>I just I got the.

0:47:14.960 --> 0:47:18.080
<v Speaker 2>Information I never had and I applied it and anyone

0:47:18.120 --> 0:47:19.960
<v Speaker 2>can do that. So it's very exciting.

0:47:20.080 --> 0:47:22.160
<v Speaker 3>I love it. And before we go, I need to

0:47:22.200 --> 0:47:25.319
<v Speaker 3>revisit your grade. You said you were a B. Queen,

0:47:25.440 --> 0:47:27.120
<v Speaker 3>Tell me what does it take to get to an A,

0:47:27.480 --> 0:47:30.560
<v Speaker 3>because I'm just looking at this going I don't know

0:47:30.680 --> 0:47:33.120
<v Speaker 3>what more she can do. All she said was that

0:47:33.239 --> 0:47:35.759
<v Speaker 3>she was bad at spreadsheets, and that doesn't make you

0:47:35.800 --> 0:47:38.440
<v Speaker 3>bad at money. So where's this bee come from? How

0:47:38.480 --> 0:47:40.239
<v Speaker 3>do we get to an A? Well?

0:47:40.719 --> 0:47:42.520
<v Speaker 2>Like I said, I would like to fix my budgeting

0:47:42.560 --> 0:47:44.880
<v Speaker 2>and cash flow, and I think given that we're starting

0:47:45.200 --> 0:47:48.439
<v Speaker 2>over again, I would feel better about my grade once

0:47:48.520 --> 0:47:51.480
<v Speaker 2>I've sort of gotten back to a position where I

0:47:51.520 --> 0:47:54.440
<v Speaker 2>feel more comfortable in and then can grow our finances

0:47:54.480 --> 0:47:56.160
<v Speaker 2>and grow our goals from there.

0:47:56.320 --> 0:47:58.120
<v Speaker 3>I won't argue with that. I think that is very

0:47:58.200 --> 0:48:01.200
<v Speaker 3>fair money, Dirist, It has been an absolute pleasure getting

0:48:01.239 --> 0:48:03.320
<v Speaker 3>to know you, getting to know more about your family,

0:48:03.440 --> 0:48:06.120
<v Speaker 3>your money habits, what you've done well and maybe what

0:48:06.280 --> 0:48:08.880
<v Speaker 3>you haven't done so well. It's been really ie opening.

0:48:08.960 --> 0:48:11.200
<v Speaker 3>But I know the community is going to love listening

0:48:11.280 --> 0:48:13.880
<v Speaker 3>to this episode, So thank you so much. Thank you

0:48:14.000 --> 0:48:16.320
<v Speaker 3>for having me, and also a very huge thank you

0:48:16.400 --> 0:48:19.120
<v Speaker 3>to skuy Wealth for making this episode possible. I'll chuck

0:48:19.120 --> 0:48:21.399
<v Speaker 3>a whole heap of information about them how to get

0:48:21.440 --> 0:48:23.239
<v Speaker 3>in contact, what they do, how they do it in

0:48:23.320 --> 0:48:31.080
<v Speaker 3>the show notes for you to check out did buy

0:48:31.239 --> 0:48:31.640
<v Speaker 3>shared on?

0:48:31.800 --> 0:48:34.160
<v Speaker 4>She's on the Money is general in nature and does

0:48:34.280 --> 0:48:38.200
<v Speaker 4>not consider your individual circumstances. She's on the Money exists

0:48:38.360 --> 0:48:41.560
<v Speaker 4>purely for educational purposes and should not be relied upon

0:48:41.640 --> 0:48:44.640
<v Speaker 4>to make an investment or financial decision. If you do

0:48:44.840 --> 0:48:47.760
<v Speaker 4>choose to buy a financial product, read the PDS TMD

0:48:48.000 --> 0:48:49.920
<v Speaker 4>and obtain appropriate financial.

0:48:49.600 --> 0:48:51.360
<v Speaker 3>Advice tailored towards your needs.

0:48:51.760 --> 0:48:55.640
<v Speaker 4>Victoria Divine and She's on the Money are authorized representatives

0:48:55.760 --> 0:48:59.520
<v Speaker 4>of money. Sheper pty Ltd ABN three two one is

0:48:59.600 --> 0:49:02.840
<v Speaker 4>six four nine two seven seven zero eight a f

0:49:02.960 --> 0:49:05.080
<v Speaker 4>s L four five one two eight nine