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

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

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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

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

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Speaker 4: let's you be pervy about other people's money habits for

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Speaker 4: educational purposes of course. Welcome back to another one of

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Speaker 4: our moneydarries where we get to talk with one of

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Speaker 4: our beautiful She's on the Money community members all about

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Speaker 4: their money story. So let's jump straight into it, because

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Speaker 4: this week I got a message and it founded exactly

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Speaker 4: like this, Dear She's on the Money. For years, I

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Speaker 4: was living the life I thought I wanted, working hard,

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Speaker 4: enjoying the moment and never really thinking about the future.

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Speaker 4: I thought, as long as the bills were paid, I

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Speaker 4: was doing okay. But when I read my first finance

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Speaker 4: book at forty five and started my financial literacy journey,

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Speaker 4: I had a wake up call. All those little treats

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Speaker 4: and luxuries I never thought twice about were adding up,

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Speaker 4: and they weren't getting me any closer to real financial security.

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Speaker 4: That realization changed everything. Now, at fifty five, my partner

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Speaker 4: and I are debt free, living full time in our

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Speaker 4: fully decked out caravan, and working intense periods of seasonal

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Speaker 4: jobs so we can have the freedom to take four

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Speaker 4: or five months off every year to travel. I'm proof

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Speaker 4: that it's never too late to take control of your

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Speaker 4: money and design a life you truly love money. Doris,

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Speaker 4: this is genuinely so exciting to get you on the show.

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Speaker 2: Thank you for wanting to share your story with us. Oh,

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Speaker 2: thank you. It's actually very different hearing you read that back.

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Speaker 2: I just sort of sat there typing when I submitted it.

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Speaker 2: But when you hear someone read it back, it sounds

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Speaker 2: very very exciting.

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Speaker 4: It sounds so aspirational, and like so many of us

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Speaker 4: don't realize that by documenting our own journey. We can

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Speaker 4: see how far we've come, like you don't take the

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Speaker 4: time to reflect on Actually I did something and it

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Speaker 4: was really really cool, Like that is awesome. I adore it.

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Speaker 4: Before we dive further in because I have a lot

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Speaker 4: of questions. I want to know what grade would you

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Speaker 4: give your money habits from A three to F. If

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Speaker 4: I asked you to give them a.

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Speaker 2: Grade, I would have to say, I'm always pretty hard

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Speaker 2: on myself, So I'm going to go with a C.

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Speaker 2: A C.

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Speaker 4: Okay, all right, we're going to talk at it money diarist.

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Speaker 4: I get to ask my favorite question now, and that

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Speaker 4: is can you tell me a little bit more about

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Speaker 4: your money story?

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Speaker 2: Certainly so as I mentioned, like I'm fifty five now,

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Speaker 2: So about ten years ago, everything was sweet, Like we

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Speaker 2: were living. We had debt on our car and our

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Speaker 2: caravan because we had sold everything else. Everything was fine,

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Speaker 2: and I think it was it was really just like

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Speaker 2: you're in routine, so you're in a rut, you're just living.

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Speaker 2: We were never hard up for money, like we could

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Speaker 2: afford anything. We had weekends away all the time. So

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Speaker 2: our lifestyle and what we were doing was very good.

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Speaker 2: It was only when I started thinking about it, and

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Speaker 2: then when I read my first major book, I realized

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Speaker 2: that I had never really thought about the long term.

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Speaker 2: And then it sort of hit me how old I

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Speaker 2: was getting at the time, and you know, like I

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Speaker 2: really needed to think about where we want to be

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Speaker 2: in ten years or what level of lifestyle we wanted

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Speaker 2: in ten years time. So that started a big shift

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Speaker 2: for me in learning about finance and just sort of

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Speaker 2: grabbing onto it and running with it and starting to

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Speaker 2: manage my money as opposed to just using my money.

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Speaker 2: I suppose you could say it like.

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Speaker 4: That and tell me a little bit more about just

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Speaker 4: growing up around money. So is this something obviously you

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Speaker 4: hadn't thought about it before you read your first finance

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Speaker 4: book and changed your narrative, which.

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Speaker 2: Is so cool.

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Speaker 4: But before that, growing up was a just same easy,

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Speaker 4: like hard What did that look like?

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Speaker 2: Yeah, it was never mentioned like with my family, it

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Speaker 2: was never something spoken about my mom and dad. There's

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Speaker 2: two things when I think about this, which I find

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Speaker 2: quite funny now. I can remember growing up that we

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Speaker 2: owned a small convenience store in a small country town

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Speaker 2: and that's where my mum worked. So it was, you know,

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Speaker 2: six to seven days a week and Dad was a

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Speaker 2: a contractor, so he would do a heap of different stuff.

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Speaker 2: But I always remember my dad never wanted for anything.

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Speaker 2: If ever Dad went and got something, it was nearly

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Speaker 2: like he had a money tree. There was never talk

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Speaker 2: from mom about like, oh no, we can't afford that

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Speaker 2: or anything. But Dad was open slaughter. If Dad wanted something,

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Speaker 2: next minute, he just came home with it. And the

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Speaker 2: older I got, I remember my dad always saying one

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Speaker 2: thing to me, and he still says it to this day,

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Speaker 2: is what you want and what you need are two

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Speaker 2: totally different things. And I think that's probably the best

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Speaker 2: bit of advice I've carried with me with regards to money,

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Speaker 2: because I do often find myself thinking about that whenever

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Speaker 2: I know I could just go to buy something, and

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Speaker 2: next minute I'm thinking, oh, do I really want it?

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Speaker 2: Or is it just that I needed. So that's probably

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Speaker 2: the most important thing that has stuck with me. But

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Speaker 2: with growing up as a child and then even in

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Speaker 2: my early marriage, yes, with children of my own, it

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Speaker 2: was really just a week by week thing. We were

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Speaker 2: on good money. We could always pay the bills on

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Speaker 2: time or ahead of time. We never struggled for anything.

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Speaker 2: If the children needed new shoes. Then we just got it.

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Speaker 2: You know. I never had to budget for anything, if

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Speaker 2: you know what I mean. So it was more the

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Speaker 2: fact that I didn't really at any point during those

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Speaker 2: very early years, I just didn't give thought to the future.

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Speaker 2: And that's the part that has stuck with me the most.

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Speaker 4: And what was that like when you know, decided I'm

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Speaker 4: going to pick up my first finance book.

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Speaker 2: One, why did you do that? And two?

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Speaker 4: How did you feel after you finished that? Because I

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Speaker 4: feel like that could be relatively confronting.

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Speaker 2: I did it because I worked with a much younger

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Speaker 2: lady that I worked with in a very small office.

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Speaker 2: She put me onto it, and it was purely because

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Speaker 2: we were processing pays one day and people with new

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Speaker 2: bank accounts. It was all through ing and that come

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Speaker 2: up with the Barefoot Investor. Yeah, the wave of the

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Speaker 2: Barefoot Investor. Yeah, exactly. Yeah, that's how I got onto it.

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Speaker 2: And I think I was very excited reading it. And

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Speaker 2: the thing I liked the most it was very down

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Speaker 2: to earth and very basic to understand. There were you know,

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Speaker 2: it was easy terminology in there as well. And for me,

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Speaker 2: once I got the concept and I knew what I

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Speaker 2: had to do. It actually felt really empowering because it

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Speaker 2: felt like I was taking control of something that I

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Speaker 2: sort of didn't really feel like I had control of before.

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Speaker 2: I was just like on the Merry Go Round, riding

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Speaker 2: round and round. Now I was in control of it

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Speaker 2: a lot more and that was the part that really

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Speaker 2: made me feel probably a lot more secure, knowing that

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Speaker 2: I was now in control of my future.

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Speaker 4: And I feel like that is really cool, Like it's

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Speaker 4: really cool to have had that, I guess coming home

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Speaker 4: moment of going actually life's good, but like it can't

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Speaker 4: always be like this if I stopped working, like what

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Speaker 4: am I actually going to do? And I feel like

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Speaker 4: that can be I'm glad that it wasn't too confronting,

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Speaker 4: but for some people be really scary because they realize

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Speaker 4: that the lifestyle they have is completely unsustainable. And it

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Speaker 4: sounds like you were living not a ridiculous lifestyle that

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Speaker 4: you couldn't keep up with, but more there was just

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Speaker 4: not a lot of thought for the future and what

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Speaker 4: that looked like and the life you wanted to create

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Speaker 4: for yourself. But it sounds like you've now created it,

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Speaker 4: which is very very cool. So next question, I want

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Speaker 4: to know is what do you do for work and

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Speaker 4: how much money do you earn?

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Speaker 2: So we have changed a bit, and I suppose our

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Speaker 2: change in work circumstances and travel is also what gets

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Speaker 2: me inspired about my future because now I'm in a

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Speaker 2: lifestyle that I would like to maintain. So for the

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Speaker 2: last five years we've actually been I suppose, what you

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Speaker 2: would call contractors. So when we left Queensland to travel,

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Speaker 2: we did first go to wa and we did six

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Speaker 2: months in a gold mine over there. Wow, both of

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Speaker 2: us working six days a week, twelve hour days. My goodness,

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Speaker 2: that's a lot. It was a lot, and it was

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Speaker 2: a big, big it was a big culture shop. But

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Speaker 2: the thing that I like about what we do now

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Speaker 2: is when we stopped to work, we actually know the timeframe.

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Speaker 2: So I knew that that was only going to be

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Speaker 2: for six months, and because of the goal that I had,

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Speaker 2: knuckling down for six months working those hours in those days,

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Speaker 2: it didn't really feel hard because I knew there was

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Speaker 2: light at the end of the tunnel. And since then

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Speaker 2: we basically I classic as contractors. We have done everything

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Speaker 2: from gold mines, we have worked on cattle stations, both

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Speaker 2: of us driving machinery. We have worked for a sapphire

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Speaker 2: mining company and a rare earth minerals company where we

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Speaker 2: do field work or maintenance or machinery driving or processing

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Speaker 2: and looking for sapphires on a very large scale. Have

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Speaker 2: you found sapphires? Yes? I have. Oh my goodness, is

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Speaker 2: that so exciting? Well, it is, but the drawback is

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Speaker 2: they're very, very small, and there's actually not a lot

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Speaker 2: of money in sapphires at the moment, so it's sort

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Speaker 2: of like just like finding something pretty. Yeah, but like

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Speaker 2: I am basically a bower bird, so I'm born for that.

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Speaker 2: Ah well a shiny yeah, I'd much rather be finding gold.

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Speaker 4: But anyhow, yeah, that's fair, that's fair. I mean we

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Speaker 4: do what we can. What do these jobs pay? Like

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Speaker 4: obviously their short term contracts, And you said, you know,

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Speaker 4: like short term goal it's worth it, But what's worth it?

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Speaker 2: Like what is what's the salary lack? So for last year,

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Speaker 2: let me give you last year's example. So last year

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Speaker 2: we contracted for a six month period. We are actually

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Speaker 2: set up as a company, so I then like invoice

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Speaker 2: our time and everything out to our employers as such,

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Speaker 2: and last year we made one hundred and twenty five

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Speaker 2: thousand in that six months. Yeah for both of you. Yep, yeah,

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Speaker 2: Oh my goodness. And was that working like six months

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Speaker 2: twelve hour days or what did that look like? No,

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Speaker 2: that one last year in particular, was it was still

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Speaker 2: six months. It was a majority of five days a

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Speaker 2: week anywhere from let's just say eight to ten hours,

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Speaker 2: depending on what the day needed. There might have been

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Speaker 2: some days where we did six hours depending on the

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Speaker 2: weather and we couldn't work anymore. But then there were

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Speaker 2: other days when you're right in the middle of it,

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Speaker 2: we just keep going until dark because we were so

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Speaker 2: close to finishing something. Yeah. Wow. So yeah, and sort

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Speaker 2: of like my budget and my forecast as such for

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Speaker 2: this year puts us pretty much around the same for

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Speaker 2: when we go to start work in May. Yeah, very cool.

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Speaker 4: And talk to me about is that consistent because you've

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Speaker 4: decided I know you mentioned you have set up company

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Speaker 4: for this. You've decided on like an hourly rate, so

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Speaker 4: it doesn't matter where you go, it'll be consistent.

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Speaker 2: For anywhere that we contract out too. It's normally just

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Speaker 2: a day rate is what we work on, a flat

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Speaker 2: day rate. The only other sort of variables I suppose,

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Speaker 2: for example, they supply our food as well. Oh money,

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Speaker 2: we because we're normally remote, so we're well last year

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Speaker 2: we were i suppose two hours from a main town

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Speaker 2: and stuff like that. So there's a few little perks

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Speaker 2: to it as well. When we did work over in

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Speaker 2: Wa on the cattle stations, that was the same deal.

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Speaker 2: We were again a day rate, but they supplied food, vehicles,

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Speaker 2: and fuel. Oh that's a money win as well.

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Speaker 4: How good. So tell me about accommodation. Like you mentioned

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Speaker 4: earlier that you have a caravan. Are you going to

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Speaker 4: these places and then staying in your caravan or are

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Speaker 4: you like going to these places and renting?

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Speaker 2: Like how does that work? No, because we have our

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Speaker 2: own caravan. Everywhere we go, we basically stay in that.

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Speaker 2: We've lived in our caravan full time for the last

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Speaker 2: ten years. That's so cool. Yeah, it just goes everywhere

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Speaker 2: with us. So and as I said, because some of

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Speaker 2: these places or most of them that we work out,

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Speaker 2: we are remote. So therefore the fact that we have

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Speaker 2: our own accommodation is it's a bonus for the employer

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Speaker 2: because they don't have to try and think of or

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Speaker 2: provide any sort of accommodation. We have our own with us. Yeah,

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Speaker 2: that is really cool.

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Speaker 4: And I mean you've probably set it up in a

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Speaker 4: way where you're like it's home, Like it's comfy, Like

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Speaker 4: you come back at the end of the day and

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Speaker 4: you're in your own space. Like I feel like that

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Speaker 4: would feel significantly different than you if you're on a

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Speaker 4: mind side and you're in the shared accommodation like area,

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Speaker 4: even if you've got your own room.

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Speaker 2: You're just like, this is not my space. I don't

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Speaker 2: feel at home. Oh definitely. Yeah. And that's a lot

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Speaker 2: of my friends, you know, when we talk about it,

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Speaker 2: I go like, I have my own bed with me

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Speaker 2: everywhere I go, Like, you know, what can be better

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Speaker 2: than that?

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Speaker 4: You're like, I picked the sheets, I picked the pillows,

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Speaker 4: I am super comfy. I am living my best life.

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Speaker 4: How good I adore that for you guys, talk to

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Speaker 4: me about you know, you mentioned in your submission that

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Speaker 4: like you're living debt free and like you don't have

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Speaker 4: any debt anymore. What is now the big money got

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Speaker 4: what are you currently working towards? You mentioned last year

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Speaker 4: and one hundred and twenty five thousand dollars and you're

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Speaker 4: going to earn similar What are we doing with that?

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Speaker 2: Cash, Where is it going? What are our goals? I

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Speaker 2: do have, Like my big money goal obviously is I've

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Speaker 2: already like we invest through comsec onto the share market,

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Speaker 2: So one of my main goals is to increase that,

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Speaker 2: and I do plan on setting that up for automation.

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Speaker 2: I have a few things set on automation at the moment,

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Speaker 2: which is a godsend. I tend to do this though,

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Speaker 2: for the periods of time that we work, because then

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Speaker 2: I have that guaranteed amount that I know each week

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Speaker 2: and I can just take some out of that and

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Speaker 2: pay it. And I tend to stop that for the

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Speaker 2: periods of time that we travel or we're not working,

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Speaker 2: purely for peace of mind, so I'm not overspending what

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Speaker 2: I have already sort of pocketed and saved as such.

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Speaker 4: And that's the beauty of having an investment portfolio over

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Speaker 4: paying something like a mortgage, which if you weren't working,

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Speaker 4: they still like, well you have to make your payments

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Speaker 4: money diaris like you don't just get out of that,

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Speaker 4: whereas with your share portfolio, like we're going to load

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Speaker 4: it and then when we're not earning money, take the press.

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Speaker 2: I love that for you. Yeah, yeah, the flexibility of

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Speaker 2: doing it that way is it's very much peace of

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Speaker 2: mind for us. Anyhow, Yeah, like, ultimately I would like

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Speaker 2: to my first milestone is to get that over one

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Speaker 2: hundred thousand invested. I haven't progressed into the foreign exchange

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Speaker 2: yet or international, so I would like to increase and

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Speaker 2: sort of play a little bit there. But ultimately to

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Speaker 2: have I suppose, as they all say, passive income, whether

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Speaker 2: it be from you know, my shares on the stock

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Speaker 2: exchange or any sort of investing, that passive income that

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Speaker 2: will then allow me to continue my lifestyle. And you know,

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Speaker 2: it might just mean that instead of stopping to work

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Speaker 2: for six months, we're able to stop and work for

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Speaker 2: four and keep traveling. You know, it's not necessarily that

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Speaker 2: I want to fully retire, but just to have those

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Speaker 2: choices where if we just want to travel for twelve months,

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Speaker 2: we can continue doing it. But then if we feel

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Speaker 2: we need to knuckle down for four months instead of six.

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Speaker 2: You know, that to me is optimal. That is very cool.

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Speaker 2: I want to know more. My parents have been talking

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Speaker 2: recently about, you know, traveling around Australia in a caravan,

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Speaker 2: and I wonder, what are you doing when you're traveling around.

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Speaker 2: You're going just site to site hanging out, like is

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Speaker 2: there a whole tour plan? Like what are we doing

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Speaker 2: when we aren't at work and we are traveling? Oh,

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Speaker 2: it's limitless. Really, it is just the best lifestyle we

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Speaker 2: can be doing anything from I'll give you a few examples.

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Speaker 2: We were pulled up on a beach in Western Australia

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Speaker 2: and we spent four days there and each night we

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Speaker 2: would go down and walk through the rock pools and

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Speaker 2: collect baby octopus to eat fresh off the rocks. No,

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Speaker 2: you did not. That is living the dream. Oh, it

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Speaker 2: was just fantastic. And it's such a different community. Because

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Speaker 2: we had a young girl who pulled up one day

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Speaker 2: and was camping beside us, and she was the age

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Speaker 2: of my daughter. Really, I can't just like not talk

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Speaker 2: to anyone. So next minute she was over with us.

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Speaker 2: She was having dinner with us, we were having a

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Speaker 2: few drinks, we were down with our spotlights on the water.

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Speaker 2: That would be me.

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Speaker 4: I'm born to Yeah, plag you want to stuff in

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Speaker 4: the supermarket and have a chat, that's me. You're buying

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Speaker 4: something that I'm buying, we're talking about it. I'm some

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Speaker 4: people's worst nightmare.

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Speaker 2: She stayed with us that night. She had like she

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Speaker 2: was Pip right beside us. So she slept in her

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Speaker 2: swag in the back of her car, but she had

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Speaker 2: dinner with us. She put her beers in our fridge.

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Speaker 2: She come off to Pus hunting with us. She hopped

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Speaker 2: up and she had a cup of tea and breakfast

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Speaker 2: and lunch with us. And she just stayed with us

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Speaker 2: all day. And then she went home and went back

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Speaker 2: to work. But you know, we could be anywhere from

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Speaker 2: We've been pulled up on beaches. We've done National Park

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Speaker 2: tours and walks on you know, to view the nature's

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Speaker 2: window in Western Australia. We've been to you know, museums

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Speaker 2: and beaches and markets in dah and it's just limitless,

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Speaker 2: Like you know, you find so much to go and do.

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Speaker 2: And that's not like we don't tend to do a

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Speaker 2: lot of the paid activities or paid sight seeing stuff

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Speaker 2: purely because it can get quite expensive if you were

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Speaker 2: to do something every stop that you went to. Yeah. Absolutely, so, Yeah,

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Speaker 2: there's just so much stuff, so much stuff to do.

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Speaker 4: I love that, And tell me what does it cost?

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Speaker 4: Like if we're traveling around Australia. Obviously, I've got no idea.

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Speaker 4: I've never done this, Like do you have a budget?

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Speaker 4: If so, what does that look like? And you know

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Speaker 4: things are more expensive, but that other things would be

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Speaker 4: much cheaper, Like how does it all work.

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Speaker 2: I don't necessarily have a budget. I have like a

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Speaker 2: savings account with a figure in it. You know, it's

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Speaker 2: part and parcel. A lot of the traveling community people

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Speaker 2: say they work on that one to twelve hundred dollars

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Speaker 2: a week as your budget. However, there's huge impacts on that.

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Speaker 2: The more you travel or the quicker you travel, obviously,

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Speaker 2: the more expensive it is based on the cost of fuel.

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Speaker 2: A lot of people, you know, if it's free camping,

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Speaker 2: you could stay a month if you wanted to. You know,

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Speaker 2: that becomes your base. You might just travel into town

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Speaker 2: for a few groceries on the odd occasion. So the

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Speaker 2: quicker you travel, the more expensive it is, based on

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Speaker 2: the diesel. But you know, I just find that. I

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Speaker 2: think if you have a budget, you're very restricted and

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Speaker 2: it's very consuming. I did try it once actually, when

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Speaker 2: we started a trip, I tried to record my kilometers

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Speaker 2: every penny we've spent, you know, where we traveled each

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Speaker 2: day all that sort of stuff, and you know, within

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Speaker 2: two weeks I was just I was too busy living

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Speaker 2: my life to remember to go to the diary and

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Speaker 2: write everything down for the day. So yeah, I don't

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Speaker 2: tend to have a budget, but as I said, I

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Speaker 2: do have an amount, and I just watch that closely

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Speaker 2: as to how we're going through it.

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Speaker 4: Yeah, and when you're going, are you prioritizing free camp

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Speaker 4: sites or like what does that cost look like?

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Speaker 2: Usually for you? We do. We definitely look for free

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Speaker 2: camp sites. There's a lot more of them in Wa

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Speaker 2: than what there is through Queensland. And if not free camps,

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Speaker 2: they getting a lot more popular are either farm stays

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Speaker 2: or hip camps. Ah, what's a hip camp. Well, they're

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Speaker 2: basically just people who have small acreage and have opened

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Speaker 2: it up to travelers. Oh that's so sweet. Whether it

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Speaker 2: be caravans, tents or something like that. A lot of

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Speaker 2: the time you have to be self contained. So some

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Speaker 2: do and some don't offer you know, showers and toilets,

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Speaker 2: and they're just a small fee, like you might only

395
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Speaker 2: pay fifteen dollars a night versus some caravan parks in

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Speaker 2: peak time have been over one hundred dollars a night

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Speaker 2: just for a sight of grass.

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Speaker 4: Oh my goodness, one hundred dollars for a patch of grass.

399
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Speaker 2: Yeah for one night. Yeah, you've got your own caravan,

400
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Speaker 2: your own water. Some of those can be powered or unpowered.

401
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Speaker 2: But yeah, during peak season the prices for caravan parks

402
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Speaker 2: are getting quite dear.

403
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Speaker 4: That's crazy, No, wonder there's a rise in alternatives. Like

404
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Speaker 4: that is crazy? And is that one of the reasons

405
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Speaker 4: you've chosen to, you know, kind of stick to Wa

406
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Speaker 4: or like the kind of that side, or.

407
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Speaker 2: Is the way they're just better? Like the beaches look

408
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Speaker 2: beautiful there, the beaches are pressting, they are to die for. No,

409
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Speaker 2: we spent well, it was worked out to be roughly

410
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Speaker 2: twelve months in WA. But no, it's just the fact

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Speaker 2: that free camps tend to be a bit less populated,

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Speaker 2: but not as commercial as a caravan park if you

413
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Speaker 2: know what I mean. You are not squashed in side

414
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Speaker 2: by side like a sardine. These are open areas where

415
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Speaker 2: you can pick where you park. You know, you can

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Speaker 2: go for a walk down by a creek in the

417
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Speaker 2: afternoon or something like that. That's so nice.

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Speaker 4: I'm going to get a caravan now you're selling me

419
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Speaker 4: the dream. I'm like, oh, okay, so you're saying like

420
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Speaker 4: rock pools at.

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Speaker 2: Sunset, Like, yeah, say less girlfriend, Yeah, we had a

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Speaker 2: lot of them when we just went up north last year.

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Speaker 4: Oh and you're like, we've got an eski, it's full

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Speaker 4: of beers. I'm like, I could get my husband across

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Speaker 4: the line.

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Speaker 2: I adore this.

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Speaker 4: All right, money Das, let's go to a really quick

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Speaker 4: break because I'm loving this chat and I have so

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Speaker 4: many more questions for you, and we'll get to them

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Speaker 4: in a second. All right, we are back, and we

431
00:22:03,040 --> 00:22:07,040
Speaker 4: have been talking about so much, honestly, about you changing

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Speaker 4: your money story, about you know, picking up your first

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Speaker 4: finance book at forty five. Now you're fifty five and

434
00:22:12,280 --> 00:22:15,840
Speaker 4: you're living debt free and you're traveling Australia full time

435
00:22:15,920 --> 00:22:18,720
Speaker 4: in your fully decked out caravan. I want to know

436
00:22:18,760 --> 00:22:22,600
Speaker 4: about the caravan like that is, I would say an asset.

437
00:22:22,840 --> 00:22:26,119
Speaker 4: I did not realize how expensive some caravans could be.

438
00:22:27,200 --> 00:22:29,280
Speaker 4: What type of caravan are we talking about? Are we

439
00:22:29,320 --> 00:22:32,399
Speaker 4: talking about an older caravan with like you know, I

440
00:22:32,440 --> 00:22:35,560
Speaker 4: know you mentioned water but like no toilet, no shower,

441
00:22:35,720 --> 00:22:39,960
Speaker 4: or are we talking about like lux Primo r V, like,

442
00:22:40,160 --> 00:22:41,280
Speaker 4: I don't know what's.

443
00:22:41,080 --> 00:22:43,679
Speaker 2: That look like? Well, even the way our caravan is

444
00:22:43,920 --> 00:22:46,679
Speaker 2: old compared to a lot out there lately, because it

445
00:22:46,720 --> 00:22:49,760
Speaker 2: is ten years old. O ten is nothing in caravan land.

446
00:22:49,880 --> 00:22:52,719
Speaker 2: I know. When we purchased it, it was one of

447
00:22:52,760 --> 00:22:55,640
Speaker 2: the top of the range ones. So it's just over

448
00:22:55,720 --> 00:22:58,400
Speaker 2: twenty one and a half feet long. My good nurse.

449
00:22:58,760 --> 00:23:00,920
Speaker 2: As you walk in the door, you have a beautiful

450
00:23:01,200 --> 00:23:05,080
Speaker 2: black leather club lounge. Oh okay. Then we have some

451
00:23:05,160 --> 00:23:09,320
Speaker 2: benches and overhead storage. You have obviously the kitchen area

452
00:23:09,400 --> 00:23:12,680
Speaker 2: is smaller, so sink and I have a full oven

453
00:23:12,760 --> 00:23:16,399
Speaker 2: and grill and stove top. We have I think it's

454
00:23:16,440 --> 00:23:19,879
Speaker 2: about a two hundred and twenty liters fridge. Then we

455
00:23:19,960 --> 00:23:23,159
Speaker 2: have our queen sized beds with heaps of storage. And

456
00:23:23,200 --> 00:23:25,760
Speaker 2: then what is the back end of the caravan. We

457
00:23:25,800 --> 00:23:28,080
Speaker 2: have our en suite, so we have a full sized

458
00:23:28,119 --> 00:23:32,240
Speaker 2: shower and toilet, and it does have a small washing

459
00:23:32,280 --> 00:23:35,400
Speaker 2: machine in there. You've got a washing machine in there. Yeah.

460
00:23:35,720 --> 00:23:38,360
Speaker 2: I don't tend to use it though, no, but it's

461
00:23:38,440 --> 00:23:40,920
Speaker 2: nice to know that if you're completely remote and have

462
00:23:40,920 --> 00:23:44,040
Speaker 2: no access to anything, you're like, I can wash money

463
00:23:44,080 --> 00:23:46,320
Speaker 2: case yeah, yeah, Oh my goodness.

464
00:23:46,400 --> 00:23:48,960
Speaker 4: And what does a caravan set you back? Like if

465
00:23:48,960 --> 00:23:52,879
Speaker 4: people are thinking, oh this money, darist is selling the dream, Like,

466
00:23:53,320 --> 00:23:56,160
Speaker 4: I know that wasn't cheap, but what are we looking at?

467
00:23:56,320 --> 00:23:59,280
Speaker 2: Ten years ago we had a few extras added to

468
00:23:59,359 --> 00:24:04,040
Speaker 2: our so we have three water tanks, solar panels, et cetera.

469
00:24:04,560 --> 00:24:07,879
Speaker 2: So ten years ago that cost us about eighty five

470
00:24:07,960 --> 00:24:11,199
Speaker 2: thousand dollars. Wow, wee. That feels like a lot, but

471
00:24:11,240 --> 00:24:14,359
Speaker 2: at the same time not that much for the lifestyle

472
00:24:14,359 --> 00:24:16,639
Speaker 2: that you get to live and the flexibility and like

473
00:24:16,960 --> 00:24:20,479
Speaker 2: even just the creature comforts you've explained. Yeah, definitely. And

474
00:24:20,520 --> 00:24:23,360
Speaker 2: the thing I love about it is well the maintenance

475
00:24:23,400 --> 00:24:26,600
Speaker 2: and the upkeep and even just to be able to say, oh,

476
00:24:26,760 --> 00:24:28,760
Speaker 2: I can clean my whole house in less than half

477
00:24:28,800 --> 00:24:30,960
Speaker 2: an hour from top to bottom. That's a pretty good deal,

478
00:24:31,080 --> 00:24:33,560
Speaker 2: you know. Like that to me is just yeah, that's

479
00:24:33,640 --> 00:24:34,959
Speaker 2: perfect for my liking.

480
00:24:35,280 --> 00:24:38,520
Speaker 4: I love the idea. If that you are very slowly

481
00:24:38,600 --> 00:24:42,520
Speaker 4: selling me. Earlier, you mentioned that you had a share portfolio.

482
00:24:42,680 --> 00:24:44,840
Speaker 4: You're investing on comsex. Your goal is to get to

483
00:24:44,880 --> 00:24:47,960
Speaker 4: one hundred thousand dollars. Talk to me about investments. Is

484
00:24:47,960 --> 00:24:52,159
Speaker 4: that your only investment. What does your superannuation look like? Like,

485
00:24:52,280 --> 00:24:54,159
Speaker 4: what's the plan for retirement?

486
00:24:54,359 --> 00:24:57,680
Speaker 2: So that is not my only investment. No, we have comsex.

487
00:24:57,760 --> 00:25:01,280
Speaker 2: So at the moment we've got about ten dollars in shares,

488
00:25:02,119 --> 00:25:04,720
Speaker 2: which that's like, that's my goal this year to work

489
00:25:04,760 --> 00:25:07,320
Speaker 2: on an increase, you know, putting more into that. I

490
00:25:07,400 --> 00:25:12,520
Speaker 2: have two thousand invested in rays online investing, which I

491
00:25:12,600 --> 00:25:16,240
Speaker 2: think that's what they term the micro investing, so that

492
00:25:16,240 --> 00:25:19,520
Speaker 2: one has just set up fifty bucks whenever, like every

493
00:25:19,520 --> 00:25:21,560
Speaker 2: week or every month or whatever it is. I just

494
00:25:21,600 --> 00:25:25,400
Speaker 2: sort of log on and watch that grow. And then

495
00:25:25,640 --> 00:25:28,400
Speaker 2: we did dabble. We still are dabbling in a bit

496
00:25:28,440 --> 00:25:32,479
Speaker 2: of crypto. We had a bad experience with one and

497
00:25:32,520 --> 00:25:36,359
Speaker 2: we lost probably close to four thousand dollars. Oh yeah,

498
00:25:36,560 --> 00:25:38,199
Speaker 2: gave us a bit of a bad taste in our

499
00:25:38,240 --> 00:25:40,679
Speaker 2: mouth for a little while. But at the moment we

500
00:25:40,760 --> 00:25:43,720
Speaker 2: have about three and a half thousand in crypto, and

501
00:25:43,800 --> 00:25:47,639
Speaker 2: then my super I have about two hundred and fifty

502
00:25:47,760 --> 00:25:51,399
Speaker 2: thousand in it, very nice, yeah, and about two hundred

503
00:25:51,440 --> 00:25:54,560
Speaker 2: and fifteen in my husband's super. And then we have

504
00:25:54,600 --> 00:25:58,080
Speaker 2: a savings account with cash in it of fifteen thousand.

505
00:25:58,280 --> 00:25:59,959
Speaker 2: How good. So talk me through.

506
00:26:00,000 --> 00:26:05,639
Speaker 4: Are you supbrannuation? Because supernuation is fickle right, like it

507
00:26:05,680 --> 00:26:07,639
Speaker 4: creeps up on you. Lots of people don't pay attention

508
00:26:07,680 --> 00:26:10,520
Speaker 4: to it. But you're looking pretty good. Have you been

509
00:26:10,520 --> 00:26:14,760
Speaker 4: making additional contributions to superannuation or like, was there a plan?

510
00:26:15,040 --> 00:26:17,880
Speaker 2: How did that work? Strangely enough, I haven't. I will

511
00:26:17,920 --> 00:26:20,560
Speaker 2: be this year though, after talking with my accountant. That's

512
00:26:20,560 --> 00:26:23,160
Speaker 2: one thing that we will do with the company structure

513
00:26:23,200 --> 00:26:26,920
Speaker 2: this year is make self contributions into both of our supers.

514
00:26:27,480 --> 00:26:30,880
Speaker 2: The last time I had employer contributions was about five

515
00:26:30,960 --> 00:26:33,840
Speaker 2: years ago, and since then, obviously when I did the

516
00:26:33,880 --> 00:26:37,520
Speaker 2: Barefoot Investor, I did a full on super overhaul, or

517
00:26:37,640 --> 00:26:40,520
Speaker 2: you know, revisited my super. I checked on the fees

518
00:26:40,600 --> 00:26:42,879
Speaker 2: and did some comparisons to see if I was in

519
00:26:42,920 --> 00:26:44,120
Speaker 2: the best super fun And.

520
00:26:44,119 --> 00:26:46,840
Speaker 4: Did you move to host plus like everybody else that

521
00:26:46,920 --> 00:26:48,120
Speaker 4: read the Farefoot Investor.

522
00:26:48,800 --> 00:26:51,159
Speaker 2: No, I didn't. Actually, I stayed with who I was

523
00:26:51,240 --> 00:26:53,480
Speaker 2: with because I was sort of pretty pleased with the

524
00:26:53,560 --> 00:26:56,359
Speaker 2: results from that investigation, so I just stayed where I was.

525
00:26:57,200 --> 00:27:00,080
Speaker 2: The Only thing I did do, though, is the the

526
00:27:00,200 --> 00:27:03,920
Speaker 2: super innuation fund that I'm with offers like free one

527
00:27:03,920 --> 00:27:07,199
Speaker 2: on one consultations with their advisors. So I took the

528
00:27:07,200 --> 00:27:11,080
Speaker 2: opportunity to have one of those, probably twelve months or

529
00:27:11,119 --> 00:27:15,919
Speaker 2: more ago now, and I actually changed my investing strategy.

530
00:27:15,960 --> 00:27:19,880
Speaker 2: So what was probably deemed conservative is now I've moved

531
00:27:19,880 --> 00:27:22,320
Speaker 2: it into aggressive for a little bit. I figured, I

532
00:27:22,359 --> 00:27:25,080
Speaker 2: know it's risk taking. I'm okay with taking a bit

533
00:27:25,080 --> 00:27:27,159
Speaker 2: of risk because I do feel that I still have

534
00:27:27,440 --> 00:27:29,879
Speaker 2: time and that that's probably the one thing I have

535
00:27:30,119 --> 00:27:33,080
Speaker 2: learned through all of my you know, trying to educate

536
00:27:33,080 --> 00:27:36,639
Speaker 2: myself financially, is everything is about time. It's not a

537
00:27:36,680 --> 00:27:39,560
Speaker 2: quick fix or anything like that. So I'm okay with

538
00:27:39,720 --> 00:27:42,199
Speaker 2: moving that up to aggressive for a couple of years

539
00:27:42,400 --> 00:27:44,320
Speaker 2: and then yeah, the plan will be this year to

540
00:27:44,440 --> 00:27:47,560
Speaker 2: make those self contributions into both of our soupers.

541
00:27:47,640 --> 00:27:50,280
Speaker 4: Yeah, and I think that that Obviously, it's a smart

542
00:27:50,280 --> 00:27:52,120
Speaker 4: idea for you because it's in line with your risk

543
00:27:52,160 --> 00:27:54,480
Speaker 4: profile and you've got advice on it, and that's fantastic.

544
00:27:54,840 --> 00:27:56,840
Speaker 4: First thing I wanted to say there is if people

545
00:27:57,000 --> 00:28:00,960
Speaker 4: haven't taken advantage of the free advice that is being

546
00:28:01,000 --> 00:28:04,600
Speaker 4: offered from your superfund, please do because obviously money dice

547
00:28:04,680 --> 00:28:07,080
Speaker 4: that's going to have put you in a significantly better position,

548
00:28:07,600 --> 00:28:11,000
Speaker 4: Like the rate of return of a growth portfolio on

549
00:28:11,080 --> 00:28:13,399
Speaker 4: average is setting at about nine percent at the moment,

550
00:28:13,800 --> 00:28:16,760
Speaker 4: and that's going to mean that after about seven to

551
00:28:16,960 --> 00:28:19,960
Speaker 4: ten years, the money and your supranuation by the time

552
00:28:20,040 --> 00:28:22,879
Speaker 4: you're sixty five, should be looking closer to five hundred

553
00:28:23,040 --> 00:28:28,159
Speaker 4: thousand dollars. And that is a very attractive position to

554
00:28:28,240 --> 00:28:31,399
Speaker 4: be in. And then in addition to that, reminding people

555
00:28:31,440 --> 00:28:34,360
Speaker 4: that you are already paying fees for that advice. So yes,

556
00:28:34,440 --> 00:28:37,720
Speaker 4: it feels free, but you're paying superranuation fees that pay

557
00:28:37,760 --> 00:28:40,800
Speaker 4: the salaries of those advisors that you're engaging, so you

558
00:28:40,880 --> 00:28:44,920
Speaker 4: are paying for them. Please utilize them, like have conversations.

559
00:28:45,040 --> 00:28:48,480
Speaker 4: If you decide to do nothing after that conversation, perfect,

560
00:28:48,880 --> 00:28:51,800
Speaker 4: if you decided to make a small change that ultimately

561
00:28:52,040 --> 00:28:55,840
Speaker 4: like the difference between a conservative portfolio and a growth portfolio,

562
00:28:56,120 --> 00:28:58,760
Speaker 4: you might go, it's not much fee, it's like four

563
00:28:58,840 --> 00:29:02,000
Speaker 4: percent maybe, But that is actually going to mean that

564
00:29:02,120 --> 00:29:06,000
Speaker 4: instead of your money doubling after fifteen to twenty years,

565
00:29:06,040 --> 00:29:08,560
Speaker 4: it's going to double within ten And I think that

566
00:29:08,560 --> 00:29:11,200
Speaker 4: that puts you closer to your retirement goals, that puts

567
00:29:11,240 --> 00:29:14,320
Speaker 4: you closer to financial freedom. And while that might not

568
00:29:14,360 --> 00:29:17,320
Speaker 4: be aligned to your risk profile in your situation. That worked,

569
00:29:17,640 --> 00:29:19,600
Speaker 4: and like, how good that you got the advice.

570
00:29:20,400 --> 00:29:23,120
Speaker 2: I also jump on like they sometimes while they send

571
00:29:23,160 --> 00:29:26,240
Speaker 2: me emails obviously, but whenever they have webinars, you know,

572
00:29:26,280 --> 00:29:28,640
Speaker 2: they offer them to their members, so I sort of

573
00:29:28,680 --> 00:29:30,520
Speaker 2: try and jump on the ones that interest me just

574
00:29:30,640 --> 00:29:32,280
Speaker 2: so I can stay up to date with as much

575
00:29:32,280 --> 00:29:33,719
Speaker 2: as I can. I love that.

576
00:29:34,000 --> 00:29:37,240
Speaker 4: I've done a few webinars for different super funds before,

577
00:29:37,560 --> 00:29:40,120
Speaker 4: and they're always really fun because the people that join

578
00:29:40,160 --> 00:29:43,240
Speaker 4: them are usually really motivated and really excited to.

579
00:29:43,280 --> 00:29:45,320
Speaker 2: Like learn more and do more. In the comment sections,

580
00:29:45,440 --> 00:29:47,960
Speaker 2: just go off. I love it. Moneyed Arrest.

581
00:29:48,280 --> 00:29:52,440
Speaker 4: You mentioned before that you are completely debt free when

582
00:29:52,480 --> 00:29:55,200
Speaker 4: you went back and you picked up your first finance

583
00:29:55,200 --> 00:29:56,120
Speaker 4: book at forty five.

584
00:29:56,600 --> 00:29:57,840
Speaker 2: What type of debt were you in.

585
00:29:58,000 --> 00:29:59,840
Speaker 4: Was that something that you're like, oh my goodness, like

586
00:30:00,080 --> 00:30:02,040
Speaker 4: I'm so stressed about this, or is this something that

587
00:30:02,080 --> 00:30:03,880
Speaker 4: you were like, ah, I can get out of it,

588
00:30:03,960 --> 00:30:05,560
Speaker 4: but maybe I can turn to charge it get out

589
00:30:05,560 --> 00:30:07,720
Speaker 4: of it sooner, or like, talk to me about your

590
00:30:07,760 --> 00:30:08,480
Speaker 4: debt journey.

591
00:30:08,560 --> 00:30:10,680
Speaker 2: I was never stressed about it. I've never really been

592
00:30:10,720 --> 00:30:13,160
Speaker 2: stressed about debt because I think I've always been in

593
00:30:13,240 --> 00:30:16,200
Speaker 2: it in a situation or in employment where I could

594
00:30:16,280 --> 00:30:21,120
Speaker 2: very comfortably make those repayments. Back after reading The Barefoot Investor. Or,

595
00:30:21,160 --> 00:30:24,840
Speaker 2: at that period of time, we only had two debts.

596
00:30:25,240 --> 00:30:28,000
Speaker 2: One was our caravan and one was our vehicle. So

597
00:30:28,840 --> 00:30:33,160
Speaker 2: after reading the book, basically what I did was I

598
00:30:33,280 --> 00:30:37,680
Speaker 2: simply knuckled down increased everything or all the repayments. And

599
00:30:38,240 --> 00:30:42,160
Speaker 2: for example, I think I had on both of those debts,

600
00:30:42,600 --> 00:30:44,920
Speaker 2: I would have had roughly about a year and a

601
00:30:44,920 --> 00:30:48,200
Speaker 2: half to go before they were paid out. I paid

602
00:30:48,200 --> 00:30:50,840
Speaker 2: them both out, one within six months and one within

603
00:30:50,920 --> 00:30:54,240
Speaker 2: eight months after reading the book. Oh my goodness. Yeah,

604
00:30:54,280 --> 00:30:57,160
Speaker 2: that's so exciting though, that you just get that level

605
00:30:57,200 --> 00:31:00,640
Speaker 2: of freedom and like that would have felt so good.

606
00:31:00,880 --> 00:31:03,160
Speaker 2: Oh it did, because it was the first time, I

607
00:31:03,160 --> 00:31:06,360
Speaker 2: suppose the first time really in my life. You know,

608
00:31:06,480 --> 00:31:09,520
Speaker 2: prior to that there was vehicles and you know, children,

609
00:31:09,520 --> 00:31:12,320
Speaker 2: so there was always expenses. But it was really the

610
00:31:12,360 --> 00:31:15,280
Speaker 2: first time that I could comfortably sit back and just

611
00:31:15,800 --> 00:31:18,600
Speaker 2: you know, really take that breath and go, I actually

612
00:31:18,640 --> 00:31:23,200
Speaker 2: have no debt. Yeah that's very attractive, Yeah, very exciting.

613
00:31:23,360 --> 00:31:26,960
Speaker 4: And throughout your journey, you haven't purchased property or planned

614
00:31:27,040 --> 00:31:29,440
Speaker 4: for property purchasing. Talk to me about that, because I

615
00:31:29,480 --> 00:31:32,760
Speaker 4: feel like so many people, especially in my demographic and

616
00:31:32,800 --> 00:31:35,479
Speaker 4: you're demographic, all like we need to own property, like

617
00:31:35,520 --> 00:31:38,280
Speaker 4: that's you know, the key to financial success, and you

618
00:31:38,400 --> 00:31:41,120
Speaker 4: haven't even mentioned it once, So talk to me about that.

619
00:31:41,400 --> 00:31:44,920
Speaker 2: No, it's actually not on our radar at all, purely

620
00:31:44,960 --> 00:31:49,400
Speaker 2: because I suppose having the last eight to ten years

621
00:31:49,400 --> 00:31:52,200
Speaker 2: of being debt free. If there's anything I don't want

622
00:31:52,240 --> 00:31:54,000
Speaker 2: to do for the rest of my life, it's going

623
00:31:54,040 --> 00:31:57,360
Speaker 2: to debt again. So that's the main contributing factor for

624
00:31:57,480 --> 00:32:00,080
Speaker 2: us not wanting to buy properties. I just do not

625
00:32:00,160 --> 00:32:02,840
Speaker 2: want to go back to being you know, settled down

626
00:32:03,000 --> 00:32:06,760
Speaker 2: and making regular repayments. So that's one thing. But the

627
00:32:06,800 --> 00:32:09,440
Speaker 2: other is I just don't think, well, we don't have

628
00:32:10,000 --> 00:32:14,960
Speaker 2: the need for it. We have so many friends, family,

629
00:32:15,480 --> 00:32:18,360
Speaker 2: people that we have met, all of who have said

630
00:32:18,360 --> 00:32:21,360
Speaker 2: to us, ah, you know, when you're coming by ring up,

631
00:32:21,440 --> 00:32:24,000
Speaker 2: let me know, come and park your van at my place.

632
00:32:24,480 --> 00:32:27,160
Speaker 2: You can stay as long as you like. So I

633
00:32:27,240 --> 00:32:30,560
Speaker 2: just don't feel the need to have that. I suppose

634
00:32:30,640 --> 00:32:33,000
Speaker 2: that commitment because that's how I see it is more

635
00:32:33,000 --> 00:32:33,760
Speaker 2: of a commitment.

636
00:32:33,800 --> 00:32:36,560
Speaker 4: Absolutely, it's ament and I think people forget that. I

637
00:32:36,600 --> 00:32:40,040
Speaker 4: think people think that it's the key to financial success,

638
00:32:40,080 --> 00:32:43,400
Speaker 4: and it more often than not, especially these days, it's

639
00:32:43,480 --> 00:32:47,360
Speaker 4: just not. And that can be a heartbreaking decision for people.

640
00:32:47,360 --> 00:32:49,240
Speaker 4: But you guys look like you've sorted it out and

641
00:32:49,320 --> 00:32:51,280
Speaker 4: been like, actually, that's not for us.

642
00:32:51,320 --> 00:32:53,600
Speaker 2: Have you seen the very cool life that we are living.

643
00:32:53,960 --> 00:32:56,560
Speaker 4: And I'm like so excited for this episode to go

644
00:32:56,680 --> 00:33:00,840
Speaker 4: live because it just it questions so much about expectations

645
00:33:00,880 --> 00:33:04,440
Speaker 4: that have been set, and you know, showing that there

646
00:33:04,520 --> 00:33:08,440
Speaker 4: is an ability to live an absolutely brilliant life while

647
00:33:08,520 --> 00:33:10,920
Speaker 4: you know, working really hard for a couple of months

648
00:33:10,960 --> 00:33:12,920
Speaker 4: and then going back out live your best life.

649
00:33:13,000 --> 00:33:14,120
Speaker 2: Like how good is that?

650
00:33:14,480 --> 00:33:16,160
Speaker 4: Like I want to take a leaf out of that

651
00:33:16,200 --> 00:33:18,880
Speaker 4: book and maybe have these like knuckle down periods of

652
00:33:18,880 --> 00:33:20,560
Speaker 4: time where I'm just work, work, work, and.

653
00:33:20,440 --> 00:33:22,240
Speaker 2: Then I can have a little bit of time off.

654
00:33:22,440 --> 00:33:24,560
Speaker 2: Like that just sounds so good.

655
00:33:25,160 --> 00:33:27,400
Speaker 4: I feel like over all this time you would have

656
00:33:27,640 --> 00:33:30,680
Speaker 4: gotten together a few good money habits. Though, talk to

657
00:33:30,680 --> 00:33:33,080
Speaker 4: me about what you think your best money habit is.

658
00:33:33,320 --> 00:33:34,640
Speaker 2: I want to give you this a bit of thought,

659
00:33:34,680 --> 00:33:38,000
Speaker 2: and I would have to say, even when we were

660
00:33:38,200 --> 00:33:41,320
Speaker 2: in debt, the best thing I have ever done is

661
00:33:41,360 --> 00:33:45,320
Speaker 2: really just automation. If I can automate something, I don't

662
00:33:45,320 --> 00:33:47,480
Speaker 2: have to think about it. I'm not stressed about it,

663
00:33:48,080 --> 00:33:50,320
Speaker 2: and I don't have to get extra stress if I

664
00:33:50,360 --> 00:33:53,440
Speaker 2: forget to pay it and I don't miss it. That's

665
00:33:53,480 --> 00:33:55,680
Speaker 2: the biggest thing. I just don't miss it because I

666
00:33:55,680 --> 00:33:57,200
Speaker 2: don't see it and I don't get it in my

667
00:33:57,240 --> 00:33:59,120
Speaker 2: hot little hand and then have to part with it.

668
00:33:59,240 --> 00:34:02,960
Speaker 2: So that's probably the best thing. It's a little bit

669
00:34:03,160 --> 00:34:06,840
Speaker 2: of a challenge when you are traveling, though. One of

670
00:34:06,880 --> 00:34:09,960
Speaker 2: the other things that I do try to do is

671
00:34:10,320 --> 00:34:13,520
Speaker 2: I try and use the cash back app Yeah, amazing,

672
00:34:13,760 --> 00:34:16,760
Speaker 2: just on general savings. But the thing is with traveling,

673
00:34:16,920 --> 00:34:21,480
Speaker 2: I don't have a lot of big purchases, and sometimes

674
00:34:21,640 --> 00:34:25,480
Speaker 2: I just don't know where I am or if I'm

675
00:34:25,520 --> 00:34:28,080
Speaker 2: going to be in town for the next three months,

676
00:34:28,080 --> 00:34:30,200
Speaker 2: so I don't sort of have to buy a lot

677
00:34:30,239 --> 00:34:34,279
Speaker 2: of stuff. And I think the lifestyle that we live

678
00:34:34,640 --> 00:34:36,800
Speaker 2: is very much for me. It's a good money habit

679
00:34:37,280 --> 00:34:39,880
Speaker 2: because we've been in the van, as I said, for

680
00:34:39,920 --> 00:34:42,680
Speaker 2: ten years now. So I do very much class myself

681
00:34:42,719 --> 00:34:43,600
Speaker 2: as a minimalist.

682
00:34:43,840 --> 00:34:45,759
Speaker 4: Oh you would have to be otherwise you're going to

683
00:34:45,800 --> 00:34:47,800
Speaker 4: live in a very very cluttered caravan.

684
00:34:48,200 --> 00:34:51,520
Speaker 2: Yes, and I'm always getting told about the weight of

685
00:34:51,520 --> 00:34:53,640
Speaker 2: the caravan, like you've got to check the weight, like

686
00:34:54,000 --> 00:34:55,560
Speaker 2: we need to get rid of some of this or

687
00:34:55,600 --> 00:34:58,040
Speaker 2: some of those clothes or some of this. You know. So,

688
00:34:58,520 --> 00:35:01,960
Speaker 2: because it does add up, it does, it does. So

689
00:35:02,080 --> 00:35:05,160
Speaker 2: I think that habit of being a minimalist has certainly

690
00:35:05,280 --> 00:35:08,920
Speaker 2: helped a lot of the savings as well, because I suppose,

691
00:35:08,960 --> 00:35:13,120
Speaker 2: just an example, work clothes, so you know, it's standard,

692
00:35:13,280 --> 00:35:16,360
Speaker 2: like we have three to five sets of work clothes,

693
00:35:16,400 --> 00:35:19,400
Speaker 2: and they get worn until they can no longer be worn,

694
00:35:20,200 --> 00:35:22,600
Speaker 2: and then they will be replaced. It's not a free

695
00:35:22,640 --> 00:35:25,279
Speaker 2: for all, and we don't have excess of anything really

696
00:35:25,360 --> 00:35:29,439
Speaker 2: laying around. Everything gets used, and you might even find

697
00:35:29,440 --> 00:35:32,360
Speaker 2: there are times that we might be a week or

698
00:35:32,520 --> 00:35:36,440
Speaker 2: a month without it because we're not in a position

699
00:35:37,000 --> 00:35:39,480
Speaker 2: or we're not located close enough to be able to

700
00:35:39,480 --> 00:35:40,040
Speaker 2: go and buy it.

701
00:35:40,239 --> 00:35:43,200
Speaker 4: Yeah, and that means that you have to be ridiculously

702
00:35:43,239 --> 00:35:45,680
Speaker 4: well resourced, because otherwise you'll find yourself in.

703
00:35:45,680 --> 00:35:46,959
Speaker 2: A pretty big pickle. Yeah.

704
00:35:47,160 --> 00:35:49,560
Speaker 4: Yeah, So flip that narrative for a hart second. Have

705
00:35:49,640 --> 00:35:52,279
Speaker 4: you got any not so good money? Have it apart

706
00:35:52,320 --> 00:35:55,120
Speaker 4: from spending one hundred dollars on patches of grass sometimes.

707
00:35:55,880 --> 00:35:58,719
Speaker 2: Yeah, no, I don't do that one either. This is

708
00:35:58,840 --> 00:36:03,560
Speaker 2: situational based on lifestyle. The biggest for us, and I

709
00:36:03,560 --> 00:36:05,799
Speaker 2: think you will find a lot of travelers will say

710
00:36:05,840 --> 00:36:08,400
Speaker 2: it is every town you go to. It's a bit

711
00:36:08,440 --> 00:36:11,719
Speaker 2: of a traveling thing where you have to try the bakery.

712
00:36:11,960 --> 00:36:14,879
Speaker 2: Oh yeah, okay, you've sold me. I love and meat pie.

713
00:36:15,200 --> 00:36:18,440
Speaker 2: Oh I love a salad role from a local bakery.

714
00:36:18,600 --> 00:36:21,799
Speaker 2: Nothing hits as hard as a very good salad and

715
00:36:21,840 --> 00:36:25,040
Speaker 2: hand roll from a small bakery. I'm sorry, you are correct.

716
00:36:25,239 --> 00:36:29,000
Speaker 2: So yeah, pies and vanilla slice apparently are the go

717
00:36:29,040 --> 00:36:31,880
Speaker 2: to for travelers, as even a Facebook page on the

718
00:36:31,880 --> 00:36:36,520
Speaker 2: best vanilla slice in Australia. Really, yes, where is that?

719
00:36:36,800 --> 00:36:38,400
Speaker 2: Come on? Give us the costs? So I don't know.

720
00:36:38,560 --> 00:36:40,839
Speaker 2: Actually I don't know, because I don't I'll look it up.

721
00:36:40,920 --> 00:36:43,360
Speaker 2: I'm going to join the group. I need to know. Yeah, no,

722
00:36:43,520 --> 00:36:45,080
Speaker 2: I'm not quite sure on that one, but I have

723
00:36:45,200 --> 00:36:48,200
Speaker 2: seen the page. But that for us is the biggest thing.

724
00:36:48,360 --> 00:36:50,200
Speaker 2: Is you know, like when you do travel, you come

725
00:36:50,239 --> 00:36:53,080
Speaker 2: to a new town and of course it's a novelty. Oh,

726
00:36:53,200 --> 00:36:56,880
Speaker 2: let's just find the bakery. And the other thing for us,

727
00:36:56,960 --> 00:36:59,440
Speaker 2: which again I think, well for me, is based on

728
00:36:59,760 --> 00:37:04,239
Speaker 2: our lifestyle. Is when we are working, depending on where

729
00:37:04,280 --> 00:37:07,399
Speaker 2: we are, because we do have such big days, our

730
00:37:07,520 --> 00:37:11,439
Speaker 2: habit or our bad habit is choosing to eat out

731
00:37:11,840 --> 00:37:14,680
Speaker 2: for the simple fact that where we worked last year,

732
00:37:14,719 --> 00:37:16,399
Speaker 2: we had to travel two to three hours to get

733
00:37:16,440 --> 00:37:18,879
Speaker 2: to town. If we went to town for a day

734
00:37:18,920 --> 00:37:22,280
Speaker 2: to pick up parts or whatever, it was very easy

735
00:37:22,280 --> 00:37:24,719
Speaker 2: for us to go, oh, while we're in here, let's

736
00:37:24,760 --> 00:37:26,520
Speaker 2: go here for lunch, let's do this.

737
00:37:26,760 --> 00:37:28,440
Speaker 4: Yeah, because you kind of just think of it at

738
00:37:28,480 --> 00:37:30,720
Speaker 4: as activities rather than a money suck.

739
00:37:30,920 --> 00:37:33,640
Speaker 2: Yeah, true, true, you're just like, oh, what else can

740
00:37:33,680 --> 00:37:35,880
Speaker 2: we do to get out exactly? And that's what it

741
00:37:35,920 --> 00:37:38,919
Speaker 2: was like. Yeah, I mean that's not the worst think.

742
00:37:39,040 --> 00:37:41,000
Speaker 2: I don't think I have ever had a money dres

743
00:37:41,080 --> 00:37:44,160
Speaker 2: on the show who said, honestly, it's the vanilla slices

744
00:37:44,200 --> 00:37:47,120
Speaker 2: that bring us down, And I just feel like that's

745
00:37:47,239 --> 00:37:49,960
Speaker 2: a really good bringdown. Like, if I'm going to be

746
00:37:50,000 --> 00:37:54,279
Speaker 2: brought down by something, it better be a good vanilla slice. Yes, definitely,

747
00:37:54,560 --> 00:37:55,240
Speaker 2: money dois.

748
00:37:55,400 --> 00:37:58,800
Speaker 4: This chat has been gorgeous, But now that we've talked

749
00:37:59,360 --> 00:38:00,719
Speaker 4: and gone through through everything.

750
00:38:00,880 --> 00:38:03,080
Speaker 2: I'm not gonna lie. I'm really questioning that.

751
00:38:03,239 --> 00:38:06,560
Speaker 4: See, you gave yourself at the start, because one it

752
00:38:06,800 --> 00:38:10,719
Speaker 4: sounds like you are living like literally your dream. Like

753
00:38:11,160 --> 00:38:13,799
Speaker 4: I think the goal for so many people it's not

754
00:38:14,000 --> 00:38:16,719
Speaker 4: just you know, get rich and have lots of money

755
00:38:16,760 --> 00:38:19,959
Speaker 4: and have big investments. Like if we really drill down,

756
00:38:20,080 --> 00:38:23,120
Speaker 4: the reason people want these things is to have freedom

757
00:38:23,400 --> 00:38:27,360
Speaker 4: and to experience the world or you know, be able

758
00:38:27,400 --> 00:38:29,640
Speaker 4: to choose what they do with their days. And I

759
00:38:29,960 --> 00:38:33,439
Speaker 4: just really feel like you're doing that, and to have

760
00:38:33,560 --> 00:38:36,239
Speaker 4: no debt and to be building towards you know, your

761
00:38:36,280 --> 00:38:39,239
Speaker 4: financial future. You're clearly on top of it. When it

762
00:38:39,239 --> 00:38:41,680
Speaker 4: comes to superannuation, you're clearly on top of it. When

763
00:38:41,680 --> 00:38:44,840
Speaker 4: it comes to investing, you've got a really clear investing

764
00:38:44,880 --> 00:38:48,120
Speaker 4: goal that you're working towards. And I mean you've got savings.

765
00:38:48,160 --> 00:38:50,680
Speaker 4: You know, on average, what it costs to get around

766
00:38:50,680 --> 00:38:53,319
Speaker 4: in the caravans, You're like, yep, cool, Like we've got

767
00:38:53,360 --> 00:38:53,759
Speaker 4: about this.

768
00:38:53,760 --> 00:38:56,319
Speaker 2: Amount of time. You were so clear on all of that.

769
00:38:56,400 --> 00:38:58,040
Speaker 4: Like I often talk to people and you're like, oh,

770
00:38:58,040 --> 00:39:00,080
Speaker 4: I'm not sure how much is in that, or I

771
00:39:00,080 --> 00:39:01,960
Speaker 4: don't know how much it costs to do this or that,

772
00:39:02,040 --> 00:39:05,360
Speaker 4: and like you've obviously got good money habits. Automation is

773
00:39:05,360 --> 00:39:07,680
Speaker 4: a fantastic one Vanilla's last and not such a bad

774
00:39:07,719 --> 00:39:10,680
Speaker 4: habit to have after all. But after hearing all of

775
00:39:10,719 --> 00:39:13,440
Speaker 4: this back and hearing the story that you wrote in

776
00:39:13,640 --> 00:39:15,319
Speaker 4: Let's take you out of it, do you feel like

777
00:39:15,400 --> 00:39:17,879
Speaker 4: this money Darres we've just spoken to is a sea.

778
00:39:18,719 --> 00:39:20,680
Speaker 2: I could probably bump that up a bit now that

779
00:39:20,719 --> 00:39:21,560
Speaker 2: you say it like that.

780
00:39:22,000 --> 00:39:23,840
Speaker 4: I feel like I'm not going to tell you what

781
00:39:24,000 --> 00:39:26,360
Speaker 4: to be, but I feel like you've done a really

782
00:39:26,760 --> 00:39:30,279
Speaker 4: good thing. You've like reset your money story. Like you

783
00:39:30,320 --> 00:39:34,080
Speaker 4: spoke earlier about creating passive income, and your big goal is,

784
00:39:34,120 --> 00:39:37,040
Speaker 4: you know, to get that investment portfolio to that amount,

785
00:39:37,120 --> 00:39:38,840
Speaker 4: and I just I have no doubt that that's what

786
00:39:38,880 --> 00:39:40,920
Speaker 4: you're going to be able to do. But then the

787
00:39:41,040 --> 00:39:43,640
Speaker 4: like shiny cherry on top is that you're not just

788
00:39:43,680 --> 00:39:46,480
Speaker 4: like at home working away to a job that you're

789
00:39:46,520 --> 00:39:49,440
Speaker 4: not enjoying. Like you told me that a couple of

790
00:39:49,480 --> 00:39:52,479
Speaker 4: weeks ago, you were on a beach in wa going

791
00:39:52,520 --> 00:39:54,600
Speaker 4: down to the rock pools at sunset to get fresh

792
00:39:54,600 --> 00:39:55,440
Speaker 4: baby octoput.

793
00:39:55,560 --> 00:39:58,920
Speaker 2: What like that is living the dream? That doesn't sound

794
00:39:59,000 --> 00:40:01,520
Speaker 2: like a sea diary to me. True.

795
00:40:01,800 --> 00:40:04,000
Speaker 4: True, So maybe you have a think about it, maybe

796
00:40:04,080 --> 00:40:07,400
Speaker 4: reassess with yourself. But money, I've loved this. I have

797
00:40:07,440 --> 00:40:09,680
Speaker 4: adored this conversation. I feel like it's given me a

798
00:40:09,680 --> 00:40:12,640
Speaker 4: lot of food for thought about lifestyle and what even

799
00:40:12,680 --> 00:40:14,400
Speaker 4: I want to achieve. And I just know that if

800
00:40:14,400 --> 00:40:16,319
Speaker 4: it's done that for me, it's probably done that for

801
00:40:16,400 --> 00:40:18,279
Speaker 4: a lot of people in my community. And I'm just

802
00:40:18,360 --> 00:40:21,040
Speaker 4: so grateful that you are so willing to share your

803
00:40:21,080 --> 00:40:22,080
Speaker 4: story so openly.

804
00:40:22,160 --> 00:40:25,160
Speaker 2: So thank you for that. And I'm so glad that

805
00:40:25,200 --> 00:40:27,520
Speaker 2: I got to share you with my community. Oh no,

806
00:40:27,680 --> 00:40:30,040
Speaker 2: thank you, thank you a lot. It does mean a lot.

807
00:40:30,120 --> 00:40:32,400
Speaker 2: If anything, Yeah, I do hope that it does inspire

808
00:40:32,440 --> 00:40:35,840
Speaker 2: some people, because yeah, life is honestly too short to

809
00:40:35,920 --> 00:40:38,439
Speaker 2: be constrained by sort of stress and worry over money

810
00:40:38,480 --> 00:40:40,600
Speaker 2: and not doing what you want to It's so true.

811
00:40:40,640 --> 00:40:42,320
Speaker 2: Thank you so much, Thank you.

812
00:40:42,400 --> 00:40:51,080
Speaker 4: B The advice shared on She's on the Money is

813
00:40:51,160 --> 00:40:54,720
Speaker 4: general in nature and does not consider your individual circumstances.

814
00:40:55,080 --> 00:40:58,520
Speaker 4: She's on the Money exists purely for educational purposes and

815
00:40:58,560 --> 00:41:00,960
Speaker 4: should not be relied upon to make an investment or

816
00:41:01,040 --> 00:41:04,680
Speaker 4: financial decision. If you do choose to buy a financial product,

817
00:41:04,719 --> 00:41:08,720
Speaker 4: read the PDS TMD and obtain appropriate financial advice tailored

818
00:41:08,719 --> 00:41:09,640
Speaker 4: towards your needs.

819
00:41:10,000 --> 00:41:13,960
Speaker 2: Victoria Divine and She's on the Money are authorized representatives

820
00:41:14,000 --> 00:41:16,520
Speaker 2: of Money sherper P t y lt D A b

821
00:41:16,719 --> 00:41:19,760
Speaker 2: N three two one six four nine two seven seven

822
00:41:19,880 --> 00:41:20,160
Speaker 2: zero

823
00:41:20,280 --> 00:41:27,719
Speaker 4: Eight AFSL four five one two eight nine