1 00:00:00,600 --> 00:00:04,840 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor 2 00:00:04,880 --> 00:00:08,600 Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before 3 00:00:08,600 --> 00:00:11,080 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,119 --> 00:00:14,240 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,360 --> 00:00:18,040 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,079 --> 00:00:22,200 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,239 --> 00:00:26,880 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,000 --> 00:00:30,040 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,160 --> 00:00:33,040 Speaker 1: today and lasting impactful tomorrow. 10 00:00:33,240 --> 00:00:34,120 Speaker 2: Let's get into it. 11 00:00:34,280 --> 00:00:53,519 Speaker 3: She's on the Money, She's on the Money. 12 00:00:57,120 --> 00:01:00,000 Speaker 4: Hello, and welcome to She's on the Money the podcas 13 00:01:00,360 --> 00:01:03,320 Speaker 4: But let's you get delightfully pervy on other people's finance 14 00:01:03,360 --> 00:01:07,960 Speaker 4: stories for educational purposes, of course. I am Victoria Devine, 15 00:01:08,040 --> 00:01:11,479 Speaker 4: a retired financial advisor breaking down money to boost one 16 00:01:11,640 --> 00:01:15,000 Speaker 4: juicy money diary at a time. Today is a very 17 00:01:15,040 --> 00:01:19,360 Speaker 4: special episode because we're doing something I absolutely adore. We're 18 00:01:19,360 --> 00:01:21,000 Speaker 4: going to be looking back at the lessons we have 19 00:01:21,120 --> 00:01:23,679 Speaker 4: learned from this year's money diaries. If you know me, 20 00:01:23,959 --> 00:01:26,559 Speaker 4: you know I am a massive believer in the power 21 00:01:26,600 --> 00:01:30,560 Speaker 4: of storytelling. Hearing everyone else's wins, their challenges, and even 22 00:01:30,600 --> 00:01:33,240 Speaker 4: their mistakes can inspire us. It can teach us, and 23 00:01:33,440 --> 00:01:36,480 Speaker 4: sometimes it can even give us that Ahart moment that 24 00:01:36,520 --> 00:01:40,080 Speaker 4: we've been waiting for. In this episode, together, you and 25 00:01:40,120 --> 00:01:42,520 Speaker 4: I are going to spotlight some of our biggest learnings 26 00:01:42,520 --> 00:01:45,479 Speaker 4: from twenty twenty four. They're those moments that remind us 27 00:01:45,480 --> 00:01:49,080 Speaker 4: that we're not alone in our struggles and that transformation. 28 00:01:48,720 --> 00:01:50,080 Speaker 5: Is always possible. 29 00:01:50,520 --> 00:01:54,360 Speaker 4: Whether it's turning debt into financial freedom, or negotiating like 30 00:01:54,400 --> 00:01:57,800 Speaker 4: a pro, or simply mastering the art of patience with 31 00:01:57,920 --> 00:02:01,800 Speaker 4: your money. These stories are packed with insights that help 32 00:02:01,840 --> 00:02:04,960 Speaker 4: you level up your finances, and I wanted to start 33 00:02:05,000 --> 00:02:08,440 Speaker 4: with this very relatable lesson. In twenty twenty four, we 34 00:02:08,520 --> 00:02:11,560 Speaker 4: are living in the age of instant gratification, whether it's 35 00:02:11,600 --> 00:02:14,480 Speaker 4: binge watching an entire season of your favorite show the 36 00:02:14,560 --> 00:02:17,320 Speaker 4: day it drops, having dinner delivered to your door in 37 00:02:17,400 --> 00:02:20,640 Speaker 4: under thirty minutes, or getting same day shipping on that 38 00:02:20,760 --> 00:02:23,640 Speaker 4: impulse by We're getting used to getting what we want 39 00:02:23,919 --> 00:02:26,040 Speaker 4: exactly when we want it, But when it comes to 40 00:02:26,080 --> 00:02:29,760 Speaker 4: our finances, that mindset can be well a bit dangerous. 41 00:02:30,240 --> 00:02:33,160 Speaker 4: Those spur of the movement purchases and those treat yourself 42 00:02:33,240 --> 00:02:36,160 Speaker 4: moments can really add up, and before you know it, 43 00:02:36,200 --> 00:02:39,760 Speaker 4: you're surrounded by unopened packages, empty oat lattes, and an 44 00:02:39,760 --> 00:02:44,280 Speaker 4: empty bank account. Our first diarist realized this firsthand. She 45 00:02:44,400 --> 00:02:46,800 Speaker 4: took a hard look at her spending habits. She saw 46 00:02:46,840 --> 00:02:50,480 Speaker 4: the impact of instant gratification, and she decided to flip 47 00:02:50,560 --> 00:02:54,200 Speaker 4: the script by mastering the art of delayed gratification. She 48 00:02:54,360 --> 00:02:57,240 Speaker 4: saved her self thousands and made her money work for 49 00:02:57,320 --> 00:03:01,040 Speaker 4: her instead of the other way around. Hear her story 50 00:03:01,120 --> 00:03:04,800 Speaker 4: and her strategy for making patience her finance superpower. 51 00:03:05,480 --> 00:03:08,680 Speaker 6: And I think the most important thing as well too 52 00:03:09,760 --> 00:03:12,200 Speaker 6: that I realized and I learned as well, is that 53 00:03:12,680 --> 00:03:15,880 Speaker 6: once you get out of debt, it doesn't mean that 54 00:03:15,960 --> 00:03:18,760 Speaker 6: you're fully fully out of debt, because if your mindset 55 00:03:18,880 --> 00:03:21,440 Speaker 6: is still the same as before when you were in debt, 56 00:03:21,720 --> 00:03:25,320 Speaker 6: you'll continue to go back to that cycle and it'll 57 00:03:25,360 --> 00:03:28,480 Speaker 6: be like a rotating door of getting out of debt, 58 00:03:28,600 --> 00:03:30,480 Speaker 6: going back into debt, getting out of debt, and going 59 00:03:30,520 --> 00:03:33,520 Speaker 6: back into debt. And I think the most important thing 60 00:03:33,560 --> 00:03:36,520 Speaker 6: to also, you know, keep yourself motivated to get out 61 00:03:36,520 --> 00:03:38,880 Speaker 6: of debt is to really think about your goal and 62 00:03:38,920 --> 00:03:41,880 Speaker 6: your why as to why you want to be out 63 00:03:41,880 --> 00:03:44,680 Speaker 6: of debt and why you're working so hard to you know, 64 00:03:44,720 --> 00:03:47,240 Speaker 6: be out of debt is because I finally paid off 65 00:03:47,240 --> 00:03:47,880 Speaker 6: my zip pay. 66 00:03:48,160 --> 00:03:51,680 Speaker 2: There was a time where I was sitting down on 67 00:03:51,720 --> 00:03:52,520 Speaker 2: the couch and. 68 00:03:52,440 --> 00:03:55,120 Speaker 6: I was so bored, just so easy, right, Yeah, I 69 00:03:55,120 --> 00:03:56,920 Speaker 6: was so bored, and I you know, I'm like, oh, 70 00:03:56,960 --> 00:03:59,560 Speaker 6: I want to I want to buy this pair of shoes. 71 00:03:59,600 --> 00:04:01,920 Speaker 6: But I only had like what twenty dollars in my 72 00:04:01,920 --> 00:04:04,480 Speaker 6: account after paying off all of my bills, And I 73 00:04:04,520 --> 00:04:06,680 Speaker 6: was like, do you know what, I'll just apply on Zippay. 74 00:04:06,720 --> 00:04:08,720 Speaker 6: I'll just spend one hundred dollars on zip pay and 75 00:04:08,760 --> 00:04:10,960 Speaker 6: then pay it off and then close it again. And 76 00:04:11,080 --> 00:04:13,520 Speaker 6: you know, I had to catch myself really quickly, like no, 77 00:04:14,160 --> 00:04:17,479 Speaker 6: because that's not where we are able to Yeah, that's 78 00:04:17,560 --> 00:04:20,039 Speaker 6: not who we are we are anymore. So it takes 79 00:04:20,040 --> 00:04:22,640 Speaker 6: a lot of discipline to not go back to that 80 00:04:23,200 --> 00:04:26,640 Speaker 6: after just coming out of that situation one hundred percent. 81 00:04:26,720 --> 00:04:30,599 Speaker 4: And because we are humans, humans inherently do not like change. 82 00:04:31,000 --> 00:04:33,480 Speaker 4: So going back to a cycle that you know, even 83 00:04:33,520 --> 00:04:35,520 Speaker 4: though you don't love it, you know it. You go, 84 00:04:35,680 --> 00:04:38,520 Speaker 4: that's predictable. I know exactly what will happen. I can 85 00:04:38,839 --> 00:04:40,359 Speaker 4: you know, work with that outcome. 86 00:04:40,720 --> 00:04:41,680 Speaker 7: It's hard to. 87 00:04:41,680 --> 00:04:44,960 Speaker 4: Go from there to a completely different mindset of going, well, 88 00:04:44,960 --> 00:04:48,480 Speaker 4: what do you mean? And this layer of instant gratification 89 00:04:48,920 --> 00:04:51,599 Speaker 4: versus delayed gratification comes to it. You've been an instant 90 00:04:51,720 --> 00:04:54,800 Speaker 4: gratification girly for your whole life. You're always used to 91 00:04:54,839 --> 00:04:56,880 Speaker 4: just getting it, and now you've got to wait, like 92 00:04:57,160 --> 00:04:57,760 Speaker 4: what do you mean? 93 00:04:57,960 --> 00:05:00,000 Speaker 7: Like I'm not used to that. Like that doesn't feel good. 94 00:05:00,360 --> 00:05:03,600 Speaker 4: I don't know why we're here. So it can be 95 00:05:03,839 --> 00:05:06,880 Speaker 4: so hard to slip back into the cycle. I know 96 00:05:06,920 --> 00:05:10,000 Speaker 4: that you've changed your money's story over the last few years, 97 00:05:10,040 --> 00:05:11,920 Speaker 4: gotten out of debt, But what do you reckon your 98 00:05:11,960 --> 00:05:13,080 Speaker 4: best money habit is? 99 00:05:13,360 --> 00:05:15,240 Speaker 6: I would say that my best money habit is I've 100 00:05:15,279 --> 00:05:20,279 Speaker 6: mastered the art of delayed gratification. Unless I absolutely need somethow. 101 00:05:19,839 --> 00:05:22,080 Speaker 4: Can you please teach me? Because I have not? Did 102 00:05:22,120 --> 00:05:24,159 Speaker 4: you just see me? For those of you playing along, 103 00:05:24,240 --> 00:05:26,159 Speaker 4: I had to have a brief intermission because someone offered 104 00:05:26,160 --> 00:05:26,839 Speaker 4: me a donut. 105 00:05:28,240 --> 00:05:31,440 Speaker 7: That's different because that's free. So yeah, it's true, it's true. 106 00:05:31,440 --> 00:05:31,920 Speaker 7: It was money. 107 00:05:32,000 --> 00:05:33,200 Speaker 2: Wean I'm not buying money. 108 00:05:33,200 --> 00:05:34,039 Speaker 7: We there you go. 109 00:05:35,440 --> 00:05:37,600 Speaker 4: Thank you for reframing that for me, But tell me 110 00:05:37,839 --> 00:05:41,560 Speaker 4: more about how to work into this delayed gratification. 111 00:05:41,960 --> 00:05:43,599 Speaker 7: I actually learned that from my partner. 112 00:05:43,839 --> 00:05:47,799 Speaker 6: Unless I absolutely need something, then I give you myself 113 00:05:47,800 --> 00:05:50,040 Speaker 6: a few days, if not a week, to really think 114 00:05:50,040 --> 00:05:53,080 Speaker 6: about if I want something or not, and more often 115 00:05:53,080 --> 00:05:56,279 Speaker 6: than not, I actually forget about it. So I like 116 00:05:56,360 --> 00:05:58,680 Speaker 6: to think that, you know, I'm saving myself so much 117 00:05:58,720 --> 00:06:03,680 Speaker 6: money from not going crazy berserk on shopping spree if 118 00:06:03,760 --> 00:06:04,839 Speaker 6: I don't really need it. 119 00:06:04,920 --> 00:06:07,720 Speaker 4: I love that, But what was the first step in 120 00:06:08,040 --> 00:06:12,760 Speaker 4: I guess actually practicing delayed gratification because I think that 121 00:06:12,839 --> 00:06:14,360 Speaker 4: so many of us would be like, oh my gosh, 122 00:06:14,440 --> 00:06:15,040 Speaker 4: this money. 123 00:06:14,839 --> 00:06:15,719 Speaker 5: Dirist is so right. 124 00:06:15,920 --> 00:06:19,680 Speaker 4: I need to, you know, think about what I'm spending. 125 00:06:19,760 --> 00:06:21,760 Speaker 4: I'm going to put twenty four hours between me and 126 00:06:21,800 --> 00:06:24,240 Speaker 4: my spending. I'm going to listen to V like V 127 00:06:24,520 --> 00:06:26,159 Speaker 4: is very do as I say, not as I do, 128 00:06:26,320 --> 00:06:29,599 Speaker 4: just for the record, But I think we need to 129 00:06:30,320 --> 00:06:32,919 Speaker 4: know what was the first time that that was really pressed. 130 00:06:33,240 --> 00:06:35,359 Speaker 4: Because I feel like we can make all the biggest 131 00:06:35,360 --> 00:06:37,600 Speaker 4: plans in the entire world, and I think we all do, 132 00:06:37,720 --> 00:06:40,320 Speaker 4: but then you have to actually implement them. 133 00:06:40,600 --> 00:06:43,800 Speaker 6: I think For me, I guess when I realized that 134 00:06:43,920 --> 00:06:46,440 Speaker 6: I didn't really need a lot of things was when 135 00:06:47,080 --> 00:06:52,120 Speaker 6: I was decluttering my bedroom and my bathroom. I had 136 00:06:52,600 --> 00:06:55,840 Speaker 6: so many unopened skin care products, I had so many 137 00:06:55,920 --> 00:06:58,640 Speaker 6: clothes that still had tags on them, and I thought, 138 00:06:59,160 --> 00:07:02,240 Speaker 6: I actually don't need any of these. Why did I 139 00:07:02,279 --> 00:07:04,839 Speaker 6: even buy them? And so I think that made me 140 00:07:04,920 --> 00:07:09,720 Speaker 6: realize that, like, I better start practicing delayed gratification, otherwise 141 00:07:09,800 --> 00:07:12,640 Speaker 6: I'm going to be stuck with all these you know 142 00:07:12,920 --> 00:07:16,600 Speaker 6: products close everything that I actually never needed in the 143 00:07:16,640 --> 00:07:17,120 Speaker 6: first place. 144 00:07:17,120 --> 00:07:19,360 Speaker 7: And it could have had some cash in my bank. 145 00:07:19,200 --> 00:07:21,280 Speaker 6: Exactly, could have had cash in my bank. And now 146 00:07:21,280 --> 00:07:23,560 Speaker 6: I can't even sell them because they're had a trend, 147 00:07:23,760 --> 00:07:26,520 Speaker 6: but I'm still keeping them. Never know, because trends always 148 00:07:26,560 --> 00:07:27,200 Speaker 6: come back around. 149 00:07:27,880 --> 00:07:29,920 Speaker 7: That's true. That's true. Give it ten years back. 150 00:07:30,280 --> 00:07:34,600 Speaker 4: Give it's an investment, Give it ten years. This was 151 00:07:34,640 --> 00:07:37,960 Speaker 4: an amazing story of growth and discipline. I think what 152 00:07:38,040 --> 00:07:41,840 Speaker 4: I love the most about this is how real it feels, because, honestly, 153 00:07:42,480 --> 00:07:45,000 Speaker 4: which one of us hasn't been tempted by the ease 154 00:07:45,040 --> 00:07:47,320 Speaker 4: of buy now, pay later or the thrill of an 155 00:07:47,360 --> 00:07:48,280 Speaker 4: impulse purchase. 156 00:07:49,000 --> 00:07:49,720 Speaker 5: Definitely me. 157 00:07:50,000 --> 00:07:52,280 Speaker 7: But the truth is Falling into those. 158 00:07:52,120 --> 00:07:55,200 Speaker 5: Habits over and over can keep us stuck in a 159 00:07:55,240 --> 00:07:59,520 Speaker 5: cycle that is so hard to break. This diarist is proof. 160 00:07:59,280 --> 00:08:01,280 Speaker 4: That getting out of debt isn't just about paying it 161 00:08:01,320 --> 00:08:03,800 Speaker 4: all off. It's about staying out of it, and that 162 00:08:03,960 --> 00:08:08,000 Speaker 4: takes real mindset shifts. She didn't just stop spending, She's 163 00:08:08,120 --> 00:08:12,520 Speaker 4: rewired how she thought about money and her decisions. If 164 00:08:12,560 --> 00:08:15,440 Speaker 4: you take one thing away from this episode, let it 165 00:08:15,480 --> 00:08:19,360 Speaker 4: be this. Your future self will thank you for every thoughtful, 166 00:08:19,560 --> 00:08:22,760 Speaker 4: intentional decision that you make today. Whether it's resisting the 167 00:08:22,880 --> 00:08:25,520 Speaker 4: urge to apply for another buy now, pay later account 168 00:08:25,720 --> 00:08:29,320 Speaker 4: or letting that cut sit unpurchased for a few days, 169 00:08:29,400 --> 00:08:32,680 Speaker 4: these little habits build up to create a much bigger 170 00:08:32,720 --> 00:08:34,920 Speaker 4: picture of financial freedom for yourself. 171 00:08:35,720 --> 00:08:37,000 Speaker 5: This next lesson. 172 00:08:36,760 --> 00:08:39,760 Speaker 4: Comes from one of our most downloaded episodes of the year, 173 00:08:39,920 --> 00:08:42,840 Speaker 4: and honestly, it's not hard to see why. I mean, 174 00:08:43,040 --> 00:08:46,320 Speaker 4: who wouldn't click on an episode titled forty K Salary 175 00:08:46,360 --> 00:08:46,920 Speaker 4: to four. 176 00:08:46,800 --> 00:08:48,559 Speaker 7: Hundred thousand dollars Side Hustle. 177 00:08:49,200 --> 00:08:52,439 Speaker 4: It's the kind of story that's not just wildly appealing, 178 00:08:52,600 --> 00:08:55,839 Speaker 4: but also packed with practical insights and a big dose 179 00:08:55,880 --> 00:08:59,280 Speaker 4: of inspiration. In this episode, our Dira shared how a 180 00:08:59,400 --> 00:09:03,079 Speaker 4: necessary purchase, something they initially needed just to get their 181 00:09:03,080 --> 00:09:06,760 Speaker 4: home sorted, ended up becoming the foundation for a booming 182 00:09:06,920 --> 00:09:10,400 Speaker 4: side hustle. Let's dive into how she turned something they 183 00:09:10,480 --> 00:09:12,040 Speaker 4: needed for themselves into a. 184 00:09:11,960 --> 00:09:13,680 Speaker 5: Booming business opportunity. 185 00:09:14,840 --> 00:09:15,880 Speaker 7: So tell me more. 186 00:09:15,760 --> 00:09:18,480 Speaker 4: About this business, because you mentioned we have a machine 187 00:09:18,559 --> 00:09:21,240 Speaker 4: and it has some debt on it. Obviously, when you 188 00:09:21,280 --> 00:09:24,720 Speaker 4: were building your home you realized that the machinery was necessary. 189 00:09:24,840 --> 00:09:27,600 Speaker 4: Why not purchase it? Why not then lease it out after? 190 00:09:28,480 --> 00:09:30,960 Speaker 4: Is this like, you know, a twenty dollars wheelbarrow from 191 00:09:31,000 --> 00:09:33,720 Speaker 4: Buddings Or is this like, you know, a whole digger? 192 00:09:33,960 --> 00:09:35,160 Speaker 7: Is this a crane? I don't know. 193 00:09:35,200 --> 00:09:37,040 Speaker 4: You've got to tell me more about how this works 194 00:09:37,080 --> 00:09:38,800 Speaker 4: and then how you worked out that you could lease 195 00:09:38,840 --> 00:09:39,160 Speaker 4: it out. 196 00:09:39,280 --> 00:09:39,480 Speaker 8: Yep. 197 00:09:39,679 --> 00:09:45,319 Speaker 9: So when we first started designing the house and obviously 198 00:09:45,320 --> 00:09:47,400 Speaker 9: a big block, we were like, well, there's a lot 199 00:09:47,440 --> 00:09:50,760 Speaker 9: of landscaping that's going to need to be done, and we. 200 00:09:50,559 --> 00:09:52,239 Speaker 2: Were like, well, we'll do that ourselves. 201 00:09:52,720 --> 00:09:56,400 Speaker 9: At the time, his brother and his wife were also 202 00:09:56,400 --> 00:09:59,959 Speaker 9: building on a large block, and his parents were all 203 00:10:00,040 --> 00:10:01,600 Speaker 9: so building on a large block. 204 00:10:01,880 --> 00:10:05,120 Speaker 4: So god, so much construction you wouldn't be short for 205 00:10:05,160 --> 00:10:07,040 Speaker 4: conversation at family dinner, would you. 206 00:10:07,240 --> 00:10:08,920 Speaker 2: Oh, yeah, we will be shortly. 207 00:10:09,000 --> 00:10:10,880 Speaker 9: We actually joke about what we're all going to talk 208 00:10:10,920 --> 00:10:13,280 Speaker 9: about in six months time when everyone's done building. 209 00:10:13,480 --> 00:10:15,800 Speaker 7: Oh, you guys will find another project. I can almost 210 00:10:15,800 --> 00:10:17,360 Speaker 7: guarantee it, Yes, definitely. 211 00:10:18,040 --> 00:10:20,640 Speaker 9: So yeah, we looked at it and we thought, you know, 212 00:10:20,760 --> 00:10:24,000 Speaker 9: we're between just the three of us building and you know, 213 00:10:24,120 --> 00:10:27,679 Speaker 9: needing to hire a digger to do some earthworks or 214 00:10:27,720 --> 00:10:31,200 Speaker 9: a skid steer to do something else. We were like, 215 00:10:31,400 --> 00:10:34,319 Speaker 9: hang on, this is really really expensive in town, and 216 00:10:35,000 --> 00:10:37,240 Speaker 9: if we do that and say we need it. We 217 00:10:37,280 --> 00:10:39,360 Speaker 9: worked it out over a certain number of weekends and 218 00:10:39,679 --> 00:10:42,360 Speaker 9: what it would come to, and we were like, why 219 00:10:42,360 --> 00:10:46,360 Speaker 9: don't we just buy one? So again, there was some 220 00:10:46,440 --> 00:10:50,000 Speaker 9: money from the sale of my partner's house, so we 221 00:10:50,080 --> 00:10:52,400 Speaker 9: actually paid cash for our first machine. 222 00:10:52,480 --> 00:10:53,800 Speaker 7: How much does a machine cost? 223 00:10:54,040 --> 00:10:57,640 Speaker 9: So that was a mini excavator, so a brand new 224 00:10:57,679 --> 00:11:01,720 Speaker 9: Caterpillar excavator, and that at the time I believe was 225 00:11:01,760 --> 00:11:05,720 Speaker 9: forty thousand, and then it was about eleven thousand. 226 00:11:06,160 --> 00:11:07,000 Speaker 2: Then for the. 227 00:11:06,960 --> 00:11:09,920 Speaker 4: Trailer, yeah, okay, and so you need the trailer of 228 00:11:10,000 --> 00:11:12,120 Speaker 4: the UC to move the excavator. 229 00:11:12,520 --> 00:11:16,120 Speaker 9: Yes, so to move it around we did buy a 230 00:11:16,160 --> 00:11:18,720 Speaker 9: more expensive trailer, because you could just buy a plant 231 00:11:18,720 --> 00:11:21,679 Speaker 9: trailer where you can just drive your machine on and 232 00:11:21,720 --> 00:11:24,880 Speaker 9: that's all its purpose is. However, we went for a 233 00:11:24,920 --> 00:11:28,640 Speaker 9: different trailer that was, say, a tiper trailer, so that 234 00:11:28,800 --> 00:11:29,800 Speaker 9: people can. 235 00:11:29,840 --> 00:11:32,240 Speaker 2: Also use it for soil, which you offer. 236 00:11:32,440 --> 00:11:35,760 Speaker 4: He's a smart cookie, so you can move the stuff 237 00:11:35,760 --> 00:11:37,440 Speaker 4: that you excavated. 238 00:11:36,960 --> 00:11:39,679 Speaker 9: Correct, And you can also hire that trailer out as 239 00:11:39,679 --> 00:11:43,200 Speaker 9: its own asset, whereas no one really needs to just 240 00:11:43,280 --> 00:11:46,640 Speaker 9: borrow a plant trailer on its own, but someone wanting 241 00:11:46,679 --> 00:11:48,680 Speaker 9: to do some gardening can hire a trailer. 242 00:11:48,800 --> 00:11:50,360 Speaker 7: I see the vision. I get it. 243 00:11:50,520 --> 00:11:54,360 Speaker 4: So you've essentially invested fifty one thousand dollars in this 244 00:11:54,440 --> 00:11:58,559 Speaker 4: trailer and this excavator, and I'm assuming you've used it 245 00:11:59,000 --> 00:12:02,240 Speaker 4: partner's parents of you, that other family members have used it, 246 00:12:02,679 --> 00:12:05,160 Speaker 4: and now you're hiring it out. What does that look like? 247 00:12:05,240 --> 00:12:07,440 Speaker 4: Do you advertise it online or is this a word 248 00:12:07,440 --> 00:12:08,480 Speaker 4: of mouthing or like? 249 00:12:08,559 --> 00:12:09,439 Speaker 5: How does that work? 250 00:12:09,520 --> 00:12:11,880 Speaker 4: How does it go from we bought this fancy thing 251 00:12:12,040 --> 00:12:13,480 Speaker 4: to other people are paying you for it? 252 00:12:13,640 --> 00:12:13,840 Speaker 8: Yeah? 253 00:12:13,880 --> 00:12:17,400 Speaker 2: So did you start out with social media advertising? Locally? 254 00:12:17,480 --> 00:12:19,440 Speaker 9: We've put some signage on the trailer and on the 255 00:12:19,440 --> 00:12:23,000 Speaker 9: machine and it just kind of went from there. We've 256 00:12:23,040 --> 00:12:27,640 Speaker 9: actually stopped advertising for it at the moment because the 257 00:12:27,760 --> 00:12:32,360 Speaker 9: second part of the business is labor higher, which we've 258 00:12:32,400 --> 00:12:36,600 Speaker 9: got my partner employed through, so he's out of town 259 00:12:36,760 --> 00:12:40,480 Speaker 9: a lot with that. So we've actually stopped advertising the 260 00:12:40,760 --> 00:12:44,520 Speaker 9: equipment higher because we're getting enough with it to cover 261 00:12:45,120 --> 00:12:47,440 Speaker 9: the repayments on our second machine. 262 00:12:47,559 --> 00:12:48,960 Speaker 7: Okay, I love this. 263 00:12:50,520 --> 00:12:52,360 Speaker 5: How incredible was that? 264 00:12:52,880 --> 00:12:56,040 Speaker 4: This story is such a powerful reminder that sometimes the 265 00:12:56,080 --> 00:13:00,320 Speaker 4: biggest opportunities come from the most practical decisions. What I 266 00:13:00,360 --> 00:13:03,600 Speaker 4: love most about this episode was how intentional they were, 267 00:13:03,920 --> 00:13:07,520 Speaker 4: not just about solving their immediate problem, but about thinking bigger. 268 00:13:07,960 --> 00:13:10,640 Speaker 4: They didn't just buy a piece of machinery for personal use. 269 00:13:10,880 --> 00:13:13,640 Speaker 4: They looked at how they could create value beyond their 270 00:13:13,640 --> 00:13:18,160 Speaker 4: own household. By investing strategically and tapping into local demand, 271 00:13:18,400 --> 00:13:21,240 Speaker 4: they turned what could have been just another expense into 272 00:13:21,280 --> 00:13:25,800 Speaker 4: a thriving income stream. The takeaway here is this, ask yourself, 273 00:13:25,840 --> 00:13:28,000 Speaker 4: if your next big purchase could be more than. 274 00:13:27,880 --> 00:13:29,040 Speaker 5: Just something you need. 275 00:13:29,360 --> 00:13:31,720 Speaker 4: Could it be an asset that starts working for you, 276 00:13:32,160 --> 00:13:34,840 Speaker 4: Whether it's renting out equipment, leveraging. 277 00:13:34,360 --> 00:13:36,400 Speaker 5: A skill, or spotting a gap in the market. 278 00:13:36,440 --> 00:13:39,680 Speaker 4: There's always an opportunity to turn every decision into a 279 00:13:39,720 --> 00:13:43,640 Speaker 4: financial win. This diarist didn't just build their home, They've 280 00:13:43,640 --> 00:13:44,520 Speaker 4: built a legacy. 281 00:13:44,960 --> 00:13:45,880 Speaker 5: How good is that? 282 00:13:46,440 --> 00:13:46,640 Speaker 8: Now? 283 00:13:46,920 --> 00:13:49,240 Speaker 4: Don't go anywhere, because after the break we're going to 284 00:13:49,240 --> 00:13:51,720 Speaker 4: be diving into one of the most important lessons for 285 00:13:51,800 --> 00:13:52,880 Speaker 4: women everywhere. 286 00:13:56,760 --> 00:13:58,000 Speaker 5: Welcome back, my friends. 287 00:13:58,080 --> 00:14:00,560 Speaker 4: If you're going through a breakup or you know someone 288 00:14:00,559 --> 00:14:03,600 Speaker 4: who is, this is the episode to send them. It 289 00:14:03,640 --> 00:14:07,400 Speaker 4: can feel like such an overwhelming and intimidating process, especially 290 00:14:07,440 --> 00:14:10,720 Speaker 4: when emotions are high, but the stakes are even higher. 291 00:14:11,480 --> 00:14:15,400 Speaker 4: But this direst story is a powerful example of how preparation, 292 00:14:15,800 --> 00:14:18,880 Speaker 4: confidence and advocating for yourself can lead to outcomes that 293 00:14:18,960 --> 00:14:23,560 Speaker 4: protect you and your family's future. This was a masterclass 294 00:14:23,760 --> 00:14:26,520 Speaker 4: in standing up for yourself and walking away with a 295 00:14:26,520 --> 00:14:27,320 Speaker 4: fair settlement. 296 00:14:27,680 --> 00:14:28,720 Speaker 7: Let's hear how she did it. 297 00:14:29,880 --> 00:14:33,960 Speaker 8: I got a lawyer, which not cheap obviously, and got 298 00:14:33,960 --> 00:14:36,320 Speaker 8: myself with as much info as I could. I actually 299 00:14:36,320 --> 00:14:38,560 Speaker 8: spoke to a really amazing lawyer and she was like, look, 300 00:14:38,600 --> 00:14:41,160 Speaker 8: there's all these different ways to do this. The best 301 00:14:41,200 --> 00:14:42,920 Speaker 8: way to do it, if you guys are amicable enough, 302 00:14:43,000 --> 00:14:44,960 Speaker 8: is to do it through mediation. So you're not having 303 00:14:45,040 --> 00:14:47,560 Speaker 8: lawyers represent in so you're not like, waste that money. 304 00:14:47,600 --> 00:14:50,160 Speaker 4: And I was so nice of you to say that, Yeah, 305 00:14:50,160 --> 00:14:52,080 Speaker 4: thank you. Also an iconic queen. 306 00:14:52,280 --> 00:14:53,840 Speaker 8: Yeah, and she was just like, I'm the one who 307 00:14:53,840 --> 00:14:56,280 Speaker 8: does these invoices of these clients, and I invoice them 308 00:14:56,280 --> 00:14:59,040 Speaker 8: for like thirty grand and I just think to myself, 309 00:14:59,040 --> 00:15:01,320 Speaker 8: that's money that could have gone towards the Pollard or 310 00:15:01,400 --> 00:15:03,760 Speaker 8: the kids. And I'm like, you know, so we did that. 311 00:15:04,360 --> 00:15:07,880 Speaker 8: A couple of weeks ago, we did the mediation, which 312 00:15:07,880 --> 00:15:10,200 Speaker 8: is like a one day thing to deal with property 313 00:15:10,240 --> 00:15:13,280 Speaker 8: and family. I'd also in the meantime had quite a 314 00:15:13,280 --> 00:15:16,320 Speaker 8: few meetings with my financial advisor. He has been amazing 315 00:15:16,800 --> 00:15:18,960 Speaker 8: helping me with negotiations and stuff, and so I came 316 00:15:18,960 --> 00:15:22,840 Speaker 8: out of that pretty well. I went in probably over prepared, 317 00:15:22,920 --> 00:15:25,080 Speaker 8: but I think that's a better way to be and 318 00:15:25,120 --> 00:15:26,520 Speaker 8: he went in completely underprepared. 319 00:15:26,560 --> 00:15:28,400 Speaker 4: And so that's a very media and committal age white 320 00:15:28,400 --> 00:15:30,080 Speaker 4: man behavior exactly. 321 00:15:30,880 --> 00:15:33,080 Speaker 8: So why should I prepare for this? You know the 322 00:15:33,120 --> 00:15:34,600 Speaker 8: world will work for me, So. 323 00:15:34,640 --> 00:15:37,440 Speaker 4: I want to know, let's get into some nitty gritty questions. 324 00:15:37,680 --> 00:15:39,760 Speaker 4: So I'm sure it will come back up. But now 325 00:15:39,760 --> 00:15:41,520 Speaker 4: that you are getting back into your career, what do 326 00:15:41,520 --> 00:15:43,280 Speaker 4: you do for it? How much money do you earn? 327 00:15:43,480 --> 00:15:47,600 Speaker 8: So I'm a communications manager, I am on one hundred 328 00:15:47,640 --> 00:15:51,080 Speaker 8: and three per year plus super. 329 00:15:50,920 --> 00:15:51,960 Speaker 7: Oh how good is that? 330 00:15:52,720 --> 00:15:55,239 Speaker 4: I mean, at the moment, you're probably like, oh, everything's 331 00:15:55,240 --> 00:15:59,560 Speaker 4: so expensive, but like that is a great career trajectory. Yeah, 332 00:15:59,880 --> 00:16:01,440 Speaker 4: I feel like there's a lot of room for growth, 333 00:16:01,480 --> 00:16:03,960 Speaker 4: which is awesome. Where Like, and this is probably not 334 00:16:04,000 --> 00:16:06,320 Speaker 4: a question that's like a kind question to us, but like, 335 00:16:06,840 --> 00:16:09,160 Speaker 4: where do you think you would have been had you not, 336 00:16:09,240 --> 00:16:12,040 Speaker 4: you know, put the brakes on your career back when 337 00:16:12,040 --> 00:16:14,320 Speaker 4: you were making sacrifices so that he could earn three 338 00:16:14,320 --> 00:16:15,080 Speaker 4: times more than you. 339 00:16:15,240 --> 00:16:17,720 Speaker 8: Well, I know exactly where I would be because this 340 00:16:17,760 --> 00:16:20,080 Speaker 8: is part of the research I did with going into 341 00:16:20,120 --> 00:16:23,960 Speaker 8: my mediation. So my best friend and I graduated from 342 00:16:24,000 --> 00:16:26,680 Speaker 8: the same degree at the same time. She's just recently 343 00:16:26,720 --> 00:16:29,600 Speaker 8: had her first child, which, by the way, having kids 344 00:16:29,640 --> 00:16:31,160 Speaker 8: in your thirties is a way better idea for so 345 00:16:31,160 --> 00:16:31,680 Speaker 8: many reasons. 346 00:16:31,680 --> 00:16:33,360 Speaker 2: But anyway, when I'm. 347 00:16:33,240 --> 00:16:35,840 Speaker 4: Still not getting sleep and I'm really tired, and you 348 00:16:35,840 --> 00:16:38,200 Speaker 4: get to climb into your bed and no toddler is 349 00:16:38,240 --> 00:16:40,360 Speaker 4: going to be in the middle, you'll be saying, ha, 350 00:16:41,240 --> 00:16:41,880 Speaker 4: try having. 351 00:16:41,760 --> 00:16:43,160 Speaker 8: An eight year old and a five year old in 352 00:16:43,200 --> 00:16:43,840 Speaker 8: bed every night. 353 00:16:43,880 --> 00:16:46,000 Speaker 7: It's that's right, you know what. I feel like you're 354 00:16:46,040 --> 00:16:46,760 Speaker 7: living my dream. 355 00:16:48,520 --> 00:16:52,520 Speaker 8: So she had an amazing stuff with her career. Not 356 00:16:52,520 --> 00:16:54,440 Speaker 8: to take anything away from her, like she's brilliant what 357 00:16:54,480 --> 00:16:56,840 Speaker 8: she does, but we had very similar you know, I 358 00:16:56,880 --> 00:16:58,800 Speaker 8: would say, work ethics and all that kind of stuff. 359 00:16:59,240 --> 00:17:02,680 Speaker 8: She is currently on two hundred and ten. Yeah, okay, 360 00:17:02,720 --> 00:17:05,280 Speaker 8: you know, so that's the sacrifice I made in terms 361 00:17:05,280 --> 00:17:09,040 Speaker 8: of being the one at home raising the children. And 362 00:17:09,080 --> 00:17:10,760 Speaker 8: when I said that to him, he said, well, I 363 00:17:10,760 --> 00:17:11,720 Speaker 8: didn't ask you to do that. 364 00:17:12,080 --> 00:17:15,159 Speaker 7: I'm going to literally bunch you in the face. So weird. 365 00:17:15,600 --> 00:17:18,000 Speaker 7: My hand just slipped and fell into your nose. 366 00:17:18,560 --> 00:17:21,240 Speaker 8: Oh the milk coming out of your boobies wasn't that good? 367 00:17:21,560 --> 00:17:23,919 Speaker 8: And your two days of paternity leave would not have 368 00:17:23,920 --> 00:17:24,680 Speaker 8: gotten us very far. 369 00:17:24,920 --> 00:17:26,800 Speaker 4: Oh, that's so weird that we had kids when it 370 00:17:26,880 --> 00:17:29,440 Speaker 4: suited you and I was twenty seven and didn't think 371 00:17:29,480 --> 00:17:32,480 Speaker 4: it was going to work, but we did. Yeah, so 372 00:17:33,200 --> 00:17:36,679 Speaker 4: obviously that is actually a fantastic benchmark to have. And 373 00:17:36,800 --> 00:17:40,840 Speaker 4: having these money conversations with your friend really empowered you 374 00:17:40,960 --> 00:17:44,240 Speaker 4: to have a successful mediation. Right, So what were those 375 00:17:44,280 --> 00:17:47,240 Speaker 4: conversations like did you sit down with your friend and go, hey, cool, like. 376 00:17:47,320 --> 00:17:50,400 Speaker 7: You are basically like we split off. 377 00:17:50,400 --> 00:17:53,000 Speaker 4: It's like the superanuation ad where they're going up the 378 00:17:53,160 --> 00:17:55,960 Speaker 4: escalators and that's really powerful, But like, what was that 379 00:17:56,040 --> 00:17:57,879 Speaker 4: conversation like with your friend? Were you like, can you 380 00:17:57,880 --> 00:17:59,800 Speaker 4: just tell me what you earn? Wish you open to that? 381 00:18:00,040 --> 00:18:00,840 Speaker 7: What did that look like? 382 00:18:01,040 --> 00:18:02,960 Speaker 8: Yeah? So she's obviously been there for me during this 383 00:18:03,000 --> 00:18:05,879 Speaker 8: whole massive life change, and she knew that I was 384 00:18:05,920 --> 00:18:08,680 Speaker 8: going to mediation and I literally just raged her and 385 00:18:08,720 --> 00:18:11,480 Speaker 8: I was like, hey, can you, like we all as 386 00:18:11,560 --> 00:18:13,280 Speaker 8: women need to get better at talking about money and 387 00:18:13,320 --> 00:18:16,120 Speaker 8: talking about this stuff. Can you tell me what you've 388 00:18:16,160 --> 00:18:18,760 Speaker 8: earned in your last like three or four jobs? And 389 00:18:18,760 --> 00:18:20,399 Speaker 8: she's like, Yep, when I was at this job, I 390 00:18:20,400 --> 00:18:21,679 Speaker 8: owned this. When I was at this, iland at this, 391 00:18:21,720 --> 00:18:23,359 Speaker 8: when I was at this, I owned this, And I 392 00:18:23,400 --> 00:18:26,280 Speaker 8: love that. And she's very similarly minded to me in 393 00:18:26,359 --> 00:18:28,399 Speaker 8: terms of like we need to change this narrative for women, 394 00:18:28,480 --> 00:18:31,600 Speaker 8: especially like let's not be like weird about money or 395 00:18:31,640 --> 00:18:36,280 Speaker 8: weird about sex whatever, like let's just normalize everything. And 396 00:18:36,320 --> 00:18:38,199 Speaker 8: so she was fully just like, yep, anything else you 397 00:18:38,200 --> 00:18:39,439 Speaker 8: need to know you let me know. 398 00:18:39,600 --> 00:18:41,560 Speaker 7: I can send you a pay slip for an example. 399 00:18:41,760 --> 00:18:42,360 Speaker 2: I love her. 400 00:18:42,440 --> 00:18:45,359 Speaker 4: So tell me how that played into mediation, Like, what 401 00:18:45,520 --> 00:18:49,440 Speaker 4: was that conversation? Like, I obviously thankfully haven't been through 402 00:18:49,480 --> 00:18:51,800 Speaker 4: this process, but I know that it can be quite fick. 403 00:18:51,880 --> 00:18:54,000 Speaker 4: Or is that something that you've said, well, actually i'd 404 00:18:54,000 --> 00:18:54,920 Speaker 4: be here yep. 405 00:18:55,359 --> 00:18:57,800 Speaker 8: So I said I would be there, and I said 406 00:18:58,040 --> 00:19:03,720 Speaker 8: to make up for that, I believe I deserve x amount. Unfortunately, 407 00:19:04,240 --> 00:19:07,359 Speaker 8: because we are both bad with money, we didn't really 408 00:19:07,400 --> 00:19:10,000 Speaker 8: have much of a property pool to split. So I 409 00:19:10,080 --> 00:19:15,719 Speaker 8: negotiated really hard for a good monthly payment because in Australia, unfortunately, 410 00:19:15,760 --> 00:19:18,040 Speaker 8: this is another thing they don't teach you. They don't 411 00:19:18,040 --> 00:19:19,600 Speaker 8: give you alimenty, so you have to do it as 412 00:19:19,680 --> 00:19:22,520 Speaker 8: child support. So that's what I negotiated for. So I 413 00:19:22,600 --> 00:19:26,800 Speaker 8: negotiated for four thousand dollars a month from him, which 414 00:19:26,880 --> 00:19:29,160 Speaker 8: I think for me puts me in a much better 415 00:19:29,160 --> 00:19:33,120 Speaker 8: position in terms of lending capabilities and things like that. 416 00:19:33,600 --> 00:19:35,760 Speaker 8: So I went in really armed with all that information. 417 00:19:36,000 --> 00:19:39,240 Speaker 8: I also went in armed with what he isn't over 418 00:19:39,280 --> 00:19:42,400 Speaker 8: that time. What you know, when they break down those 419 00:19:42,440 --> 00:19:45,960 Speaker 8: calculations of how much a woman like it's not just 420 00:19:46,040 --> 00:19:47,840 Speaker 8: the amount of time that you spent out of the workforce, 421 00:19:47,880 --> 00:19:51,040 Speaker 8: it's also the slower career progression because in the time 422 00:19:51,080 --> 00:19:53,440 Speaker 8: that I was home with the kids, he progressed really 423 00:19:53,520 --> 00:19:55,359 Speaker 8: rapidly in his career because he had the time and 424 00:19:55,400 --> 00:19:56,080 Speaker 8: space to do that. 425 00:19:56,160 --> 00:19:59,520 Speaker 4: When you're in mediation, did you talk about superannuation? Did 426 00:19:59,560 --> 00:20:01,399 Speaker 4: you go she ate for any what did. 427 00:20:01,280 --> 00:20:01,800 Speaker 7: That look like? 428 00:20:02,200 --> 00:20:03,000 Speaker 2: Yes, we did. 429 00:20:03,040 --> 00:20:05,080 Speaker 8: This was again where he came in very unprepared. 430 00:20:05,200 --> 00:20:07,919 Speaker 4: Get it, queen, I love this so much. I'm like 431 00:20:08,240 --> 00:20:09,879 Speaker 4: deserved deserved. 432 00:20:10,160 --> 00:20:12,800 Speaker 8: Yeah, well, I mean yeah, if you understood how like 433 00:20:12,880 --> 00:20:15,879 Speaker 8: Beta I had been in my relationship, you would be like, 434 00:20:15,920 --> 00:20:18,080 Speaker 8: who is this person? Like, I'm just like, let's take 435 00:20:18,119 --> 00:20:19,200 Speaker 8: control of our life now. 436 00:20:19,200 --> 00:20:22,520 Speaker 4: Oh no, he was shocked too. Yeah, that's what we want. 437 00:20:22,680 --> 00:20:24,320 Speaker 4: We want to blindside him. 438 00:20:24,480 --> 00:20:27,359 Speaker 8: Yeah. So when the subject of super was brought up, 439 00:20:27,440 --> 00:20:29,240 Speaker 8: he was kind of like, what why do you get 440 00:20:29,240 --> 00:20:30,040 Speaker 8: my super? Ah? 441 00:20:30,359 --> 00:20:32,560 Speaker 7: I love this so much, And you were like, well, actually, 442 00:20:32,600 --> 00:20:34,680 Speaker 7: here is the research, here is the reason why. 443 00:20:34,720 --> 00:20:36,040 Speaker 8: Well and I didn't even have to say it. The 444 00:20:36,040 --> 00:20:38,399 Speaker 8: mediator said it, which was even better, And I was like, 445 00:20:38,440 --> 00:20:40,080 Speaker 8: you know, I took nine years out of full time 446 00:20:40,119 --> 00:20:43,800 Speaker 8: work my earning capacity, my earning potential, blah blah blah. 447 00:20:43,840 --> 00:20:45,440 Speaker 8: And then he's like, yeah, but I'm eight years older, 448 00:20:45,520 --> 00:20:48,879 Speaker 8: so I'm closer to retirement than you. And it was like, irrelevant. 449 00:20:48,960 --> 00:20:51,320 Speaker 7: We had eight years more to think about this terrible decision, 450 00:20:51,320 --> 00:20:52,840 Speaker 7: didn't you also, And as. 451 00:20:52,680 --> 00:20:55,200 Speaker 8: The mediator pointed out, but you also still earn triple 452 00:20:55,200 --> 00:20:55,840 Speaker 8: what she earned. 453 00:20:55,920 --> 00:20:59,360 Speaker 4: I love this mediator, this mediator we know in the background. 454 00:20:59,400 --> 00:21:02,560 Speaker 4: This mediator was like money darist, I'm on your team. 455 00:21:02,480 --> 00:21:05,199 Speaker 8: Or he was recommended by my lawyer for that reason. 456 00:21:05,680 --> 00:21:06,040 Speaker 7: Iconic. 457 00:21:06,359 --> 00:21:09,400 Speaker 8: Yeah. And so in the end, part of my negotiating 458 00:21:09,640 --> 00:21:12,720 Speaker 8: was I negotiated for a higher figure for the monthly 459 00:21:12,760 --> 00:21:15,000 Speaker 8: payment and said I want fifty percent of your super 460 00:21:15,280 --> 00:21:17,159 Speaker 8: and he was like, absolutely not to both. And I 461 00:21:17,200 --> 00:21:20,640 Speaker 8: was like, okay, fine, what about an equalization of super. 462 00:21:20,960 --> 00:21:22,600 Speaker 8: He was like, what does that even mean. I was like, 463 00:21:23,280 --> 00:21:25,720 Speaker 8: silly boy, it means we joined them together and then 464 00:21:25,760 --> 00:21:28,359 Speaker 8: we split them in half. And he was like, okay, fine, 465 00:21:28,840 --> 00:21:30,879 Speaker 8: we'll do that. But then the mediator said, well, actually, 466 00:21:30,880 --> 00:21:32,280 Speaker 8: I don't think the court will sign off on that 467 00:21:32,440 --> 00:21:35,080 Speaker 8: because that's not a fair division. So in the end, 468 00:21:35,359 --> 00:21:37,160 Speaker 8: I've gotten sixty percent of you Super. 469 00:21:38,440 --> 00:21:39,760 Speaker 7: That's not a fair division. 470 00:21:39,800 --> 00:21:42,600 Speaker 4: You asked for half and now you've got sixty percent 471 00:21:42,640 --> 00:21:43,359 Speaker 4: of you SUPER. 472 00:21:44,000 --> 00:21:44,800 Speaker 7: I'm so sorry. 473 00:21:44,880 --> 00:21:48,119 Speaker 4: I shouldn't laugh at this because obviously, like you know, 474 00:21:48,240 --> 00:21:51,440 Speaker 4: there's two sides, or there's actually three sides to every story. 475 00:21:51,720 --> 00:21:55,280 Speaker 4: But like you know, he deserves to be financially secure 476 00:21:55,320 --> 00:21:58,920 Speaker 4: as well, of course, but like not going in prepared 477 00:21:59,440 --> 00:22:03,240 Speaker 4: saying that fifty percents not okay, continuing the conversation, ending 478 00:22:03,320 --> 00:22:04,240 Speaker 4: up with forty percent. 479 00:22:04,440 --> 00:22:08,399 Speaker 7: Oh, I love this. So you got sixty percent of 480 00:22:08,440 --> 00:22:09,119 Speaker 7: your super. 481 00:22:09,040 --> 00:22:11,240 Speaker 8: Yep, and now I need to work with my financial 482 00:22:11,240 --> 00:22:13,720 Speaker 8: advisor about where we put that and how we put 483 00:22:13,720 --> 00:22:16,679 Speaker 8: that in some super aggressive accounts to make sure that 484 00:22:16,680 --> 00:22:17,879 Speaker 8: that's doing the most it can do. 485 00:22:18,160 --> 00:22:20,679 Speaker 4: Yeah, oh my gosh, Like that is probably my favorite 486 00:22:20,720 --> 00:22:24,120 Speaker 4: thing I've heard all day. So where does that put 487 00:22:24,160 --> 00:22:29,640 Speaker 4: you in relation to the average superannuation balance for your age? 488 00:22:30,080 --> 00:22:32,440 Speaker 8: What is the average balance? I don't know. I think 489 00:22:32,480 --> 00:22:35,479 Speaker 8: it will end me with about one hundred and eighty 490 00:22:35,560 --> 00:22:37,119 Speaker 8: five thousand in super. 491 00:22:37,320 --> 00:22:39,560 Speaker 4: Yeah, so that puts you way above and beyond for 492 00:22:39,600 --> 00:22:43,159 Speaker 4: your age because you're thirty five, So that means that 493 00:22:43,280 --> 00:22:47,040 Speaker 4: you are doing really well. Ten out of ten, this 494 00:22:47,240 --> 00:22:52,000 Speaker 4: was an incredible story of resilience, preparation, and self advocacy. 495 00:22:52,440 --> 00:22:55,239 Speaker 4: This diarist didn't just walk into mediation. She walked in 496 00:22:55,440 --> 00:22:58,320 Speaker 4: ready to fight for what she deserved, and she didn't 497 00:22:58,320 --> 00:23:03,080 Speaker 4: settle for less. The big takeaway here preparation is power. 498 00:23:03,560 --> 00:23:07,480 Speaker 4: By taking the time to understand her worth financially and personally, 499 00:23:07,920 --> 00:23:10,800 Speaker 4: and backing it up with facts, she turned what could 500 00:23:10,800 --> 00:23:13,960 Speaker 4: have been a stressful, one sided process into a win 501 00:23:14,080 --> 00:23:17,360 Speaker 4: for herself and her kids. It's also a really good 502 00:23:17,400 --> 00:23:20,000 Speaker 4: reminder of the importance of surrounding yourself with a solid 503 00:23:20,040 --> 00:23:24,280 Speaker 4: support system, whether that's a financial advisor or a trusted friend. 504 00:23:24,119 --> 00:23:24,879 Speaker 5: Or even both. 505 00:23:25,359 --> 00:23:27,680 Speaker 4: Having people in your corner can help you build your 506 00:23:27,720 --> 00:23:31,000 Speaker 4: case and boost your confidence, which makes all the difference. 507 00:23:31,560 --> 00:23:34,560 Speaker 4: So if you're going through something similar, take a page 508 00:23:34,560 --> 00:23:38,080 Speaker 4: from this Diarist's book. Know your worth, do your homework, 509 00:23:38,080 --> 00:23:41,400 Speaker 4: and don't be afraid to advocate for yourself even when 510 00:23:41,440 --> 00:23:44,200 Speaker 4: it is hard. You've got this and your future self 511 00:23:44,240 --> 00:23:47,280 Speaker 4: is going to thank you for it. This next story 512 00:23:47,400 --> 00:23:49,399 Speaker 4: is one that many of us need to hear, because, 513 00:23:49,520 --> 00:23:52,720 Speaker 4: let's be honest, when it comes to financial planning, we 514 00:23:52,840 --> 00:23:57,119 Speaker 4: don't always prepare for the unexpected. Our Dire shares the 515 00:23:57,240 --> 00:24:00,119 Speaker 4: tough reality of losing her mum and the challenges that 516 00:24:00,200 --> 00:24:03,040 Speaker 4: followed despite her parents having a will in place. 517 00:24:03,680 --> 00:24:05,040 Speaker 5: So if you've ever said. 518 00:24:04,880 --> 00:24:07,960 Speaker 4: Oh, my partner handles all the money stuff, or if 519 00:24:07,960 --> 00:24:11,560 Speaker 4: you've avoided conversations about what happens when things might go wrong, 520 00:24:12,200 --> 00:24:14,919 Speaker 4: this is the moment to lean in and listen. 521 00:24:16,480 --> 00:24:19,280 Speaker 10: Mum kind of ran like all of our household finances, 522 00:24:19,960 --> 00:24:22,920 Speaker 10: and my dad pretty much like wasn't really across any 523 00:24:22,960 --> 00:24:23,159 Speaker 10: of it. 524 00:24:23,280 --> 00:24:25,240 Speaker 2: He was just really focused. 525 00:24:24,760 --> 00:24:26,840 Speaker 7: On making the money bringing it home. 526 00:24:26,920 --> 00:24:27,920 Speaker 2: Mum will manage it. 527 00:24:28,440 --> 00:24:30,840 Speaker 10: Yeah, exactly, Mum will look after it, and so he 528 00:24:30,920 --> 00:24:33,639 Speaker 10: trusted her completely, And I feel like it's often the 529 00:24:33,840 --> 00:24:36,520 Speaker 10: way around. Like I talked to friends who's like Dad's 530 00:24:36,560 --> 00:24:39,560 Speaker 10: handled all the finances, but in my family, it was 531 00:24:39,680 --> 00:24:41,640 Speaker 10: like my mum, which was kind of great. 532 00:24:41,400 --> 00:24:42,440 Speaker 2: That she was across it all. 533 00:24:42,480 --> 00:24:46,359 Speaker 10: But when she passed away suddenly last year, it meant 534 00:24:46,480 --> 00:24:49,119 Speaker 10: that Dad had a bit of a rude awakening. He 535 00:24:49,200 --> 00:24:52,080 Speaker 10: had access to some of their accounts, or Mum thought 536 00:24:52,080 --> 00:24:56,119 Speaker 10: she'd see everything up in a joint account structure, but 537 00:24:56,640 --> 00:24:59,399 Speaker 10: after she died, we realized that Dad had access to 538 00:24:59,480 --> 00:25:02,760 Speaker 10: about three of the like ten accounts. 539 00:25:03,240 --> 00:25:07,120 Speaker 4: Oh yeah, okay, and then that's a really big process 540 00:25:07,160 --> 00:25:09,800 Speaker 4: of like applying for it to be released and like 541 00:25:10,200 --> 00:25:12,399 Speaker 4: that's not what you need when you're buried in grief. 542 00:25:13,000 --> 00:25:15,560 Speaker 10: No, it was quite a lot. And I think like 543 00:25:15,680 --> 00:25:19,080 Speaker 10: because the amount of money and those accounts was substantially 544 00:25:19,160 --> 00:25:21,920 Speaker 10: less than the other accounts. I mean, like we were 545 00:25:21,960 --> 00:25:25,040 Speaker 10: fine because Dad was still earning, but it just put 546 00:25:25,119 --> 00:25:30,600 Speaker 10: like unnecessary pressure on him, particularly around funeral expenses and 547 00:25:30,680 --> 00:25:31,439 Speaker 10: everything else. 548 00:25:31,760 --> 00:25:36,680 Speaker 4: Oh yeah, and especially being really unexpected. You don't get 549 00:25:36,720 --> 00:25:39,480 Speaker 4: that grace period of going, let's get. 550 00:25:39,280 --> 00:25:40,280 Speaker 2: Our ducks in a row. 551 00:25:40,400 --> 00:25:43,199 Speaker 4: We know this, you know awful thing is coming. We 552 00:25:43,280 --> 00:25:47,080 Speaker 4: can you know, line everything up, Like when it's really sudden, 553 00:25:47,280 --> 00:25:50,160 Speaker 4: you go from being absolutely fine one day to being 554 00:25:50,680 --> 00:25:53,600 Speaker 4: not around and you can't even ask questions like, oh, hey, Mum, 555 00:25:53,720 --> 00:25:55,879 Speaker 4: is there anything like that we need to know, Like, 556 00:25:56,040 --> 00:25:57,560 Speaker 4: you just don't get that grace. 557 00:25:58,320 --> 00:26:01,000 Speaker 10: Probably not a good practice to She was quite good 558 00:26:01,000 --> 00:26:03,000 Speaker 10: in the sense that she had this little read book 559 00:26:03,040 --> 00:26:04,119 Speaker 10: of passwords. 560 00:26:04,400 --> 00:26:05,600 Speaker 7: Oh my gosh, genius. 561 00:26:05,640 --> 00:26:06,960 Speaker 2: Yes, don't recommend that. 562 00:26:07,119 --> 00:26:07,720 Speaker 7: I feel like. 563 00:26:07,640 --> 00:26:10,880 Speaker 4: That's the generation though I can almost guarantee my mum 564 00:26:10,920 --> 00:26:11,360 Speaker 4: has one. 565 00:26:11,840 --> 00:26:15,480 Speaker 10: Yes, Thank God for Mum's right, with little passover books. 566 00:26:15,200 --> 00:26:18,119 Speaker 7: You're like safety first, Yeah, exactly. 567 00:26:18,680 --> 00:26:21,879 Speaker 10: So that was definitely quite helpful because it meant temporarily 568 00:26:21,920 --> 00:26:23,719 Speaker 10: we could kind of see what was going on, but 569 00:26:23,760 --> 00:26:27,280 Speaker 10: then we went into probate, so all those extra accounts 570 00:26:27,280 --> 00:26:29,800 Speaker 10: that Dad doesn't have, it's all been locked up. It's 571 00:26:29,840 --> 00:26:32,720 Speaker 10: been a bit of a rollercoaster of like Dad having 572 00:26:32,800 --> 00:26:37,879 Speaker 10: to learn how to internet bank and understanding how directivets work, 573 00:26:38,240 --> 00:26:41,200 Speaker 10: and just like he kind of knew roughly what was 574 00:26:41,240 --> 00:26:42,960 Speaker 10: coming in and going out, but he just felt like 575 00:26:43,080 --> 00:26:45,440 Speaker 10: in a few months after mum died had been really 576 00:26:45,480 --> 00:26:50,120 Speaker 10: like slammed with payments that he wasn't anticipating, so like, yeah, 577 00:26:50,160 --> 00:26:53,240 Speaker 10: funeral costs and everything else, and then other big regular 578 00:26:53,280 --> 00:26:56,280 Speaker 10: payments he didn't kind of know they were coming. So yeah, 579 00:26:56,320 --> 00:26:59,400 Speaker 10: I think that's been like a massive learning curve for him, 580 00:26:59,440 --> 00:27:02,200 Speaker 10: but also like a big eye opener for me. 581 00:27:02,320 --> 00:27:05,320 Speaker 2: As like, yeah, his daughter just I don't know. 582 00:27:05,880 --> 00:27:07,919 Speaker 10: I think it's so important that, I don't know, if 583 00:27:07,960 --> 00:27:09,840 Speaker 10: you have a parent who doesn't know how to Internet bank, 584 00:27:09,960 --> 00:27:11,720 Speaker 10: like make sure that they know what they're doing. 585 00:27:11,920 --> 00:27:13,000 Speaker 2: It's so important not to. 586 00:27:12,960 --> 00:27:17,000 Speaker 10: Have all the control with one party because you just 587 00:27:17,040 --> 00:27:18,040 Speaker 10: don't know what life's going. 588 00:27:18,000 --> 00:27:18,520 Speaker 8: To throw at you. 589 00:27:19,760 --> 00:27:22,359 Speaker 4: That was such an eye opener. This story is a 590 00:27:22,480 --> 00:27:26,320 Speaker 4: powerful reminder that financial preparedness isn't just about having a 591 00:27:26,359 --> 00:27:29,520 Speaker 4: will or trusting one partner to handle the money. It's 592 00:27:29,560 --> 00:27:32,919 Speaker 4: about making sure everyone involved knows how things work and 593 00:27:33,000 --> 00:27:37,320 Speaker 4: where everything is. What's the big takeaway here. Preparation is 594 00:27:37,359 --> 00:27:40,720 Speaker 4: about setting up your finances so that if the unexpected happens, 595 00:27:40,920 --> 00:27:44,520 Speaker 4: your loved ones aren't left dealing with unnecessary stress or confusion. 596 00:27:45,080 --> 00:27:47,600 Speaker 4: That means making sure your accounts are set out correctly, 597 00:27:47,920 --> 00:27:52,040 Speaker 4: passwords are shared securely, and both partners are across the household, 598 00:27:52,040 --> 00:27:55,960 Speaker 4: budget and finance systems. It's not an easy conversation to have, 599 00:27:56,000 --> 00:27:59,400 Speaker 4: I promise, but it is worth it because when you're 600 00:27:59,440 --> 00:28:03,240 Speaker 4: grieving or navigating a major life change, the last thing 601 00:28:03,280 --> 00:28:05,920 Speaker 4: you want to do is figure out internet banking or 602 00:28:05,920 --> 00:28:09,480 Speaker 4: dealing with probate red tape. So take this as a 603 00:28:09,520 --> 00:28:12,000 Speaker 4: sign to sit down with your partner or your family 604 00:28:12,320 --> 00:28:14,040 Speaker 4: and have those conversations. 605 00:28:14,400 --> 00:28:17,320 Speaker 5: Make a plan. It's not about being morbid. 606 00:28:17,000 --> 00:28:20,280 Speaker 4: It's about creating freedom and security for the people you love. 607 00:28:20,920 --> 00:28:23,119 Speaker 5: My friends. That wraps us up to the end of 608 00:28:23,160 --> 00:28:24,119 Speaker 5: our episode. 609 00:28:24,400 --> 00:28:27,040 Speaker 4: What I love most about Money Diaries is how they 610 00:28:27,119 --> 00:28:29,960 Speaker 4: show us that no matter where you're starting from, there 611 00:28:30,040 --> 00:28:34,280 Speaker 4: is always, always always a way forward, whether it's overcoming 612 00:28:34,280 --> 00:28:38,120 Speaker 4: a financial struggle, building some resilience, or simply learning to 613 00:28:38,160 --> 00:28:41,240 Speaker 4: take the next step. These stories remind us that financial 614 00:28:41,240 --> 00:28:43,120 Speaker 4: empowerment is never a one. 615 00:28:42,960 --> 00:28:45,760 Speaker 5: Size fits all journey. It's yours to define. 616 00:28:46,360 --> 00:28:48,920 Speaker 4: And if you are hungry for more money stories and 617 00:28:48,960 --> 00:28:52,120 Speaker 4: looking for a holiday read I heard that Money Diaries 618 00:28:52,120 --> 00:28:54,880 Speaker 4: with Shees on the Money is the perfect book for you. 619 00:28:55,400 --> 00:28:58,959 Speaker 4: It's packed with even more inspiring, jaw dropping and relatable 620 00:28:59,040 --> 00:29:02,479 Speaker 4: stories from people just like you. Whether you're lounging by 621 00:29:02,480 --> 00:29:05,200 Speaker 4: the beach or you're curled up at home, it'll keep 622 00:29:05,200 --> 00:29:08,160 Speaker 4: you entertained, inspired, and maybe even just a little bit 623 00:29:08,240 --> 00:29:12,160 Speaker 4: nosy and my friends. With that, that is our last 624 00:29:12,200 --> 00:29:15,760 Speaker 4: episode for twenty twenty four. Thank you so much for 625 00:29:15,880 --> 00:29:18,520 Speaker 4: tuning in, for sharing the love and being part of 626 00:29:18,560 --> 00:29:21,800 Speaker 4: this incredible community. I'm going to be back in the 627 00:29:21,840 --> 00:29:24,960 Speaker 4: new year with even more stories, more tips, and more 628 00:29:24,960 --> 00:29:27,240 Speaker 4: ways to help you take control of your money and 629 00:29:27,360 --> 00:29:28,480 Speaker 4: live your best life. 630 00:29:28,640 --> 00:29:29,920 Speaker 5: I'll see you then, my loves. 631 00:29:36,280 --> 00:29:38,800 Speaker 4: The advice shared on She's on the Money is general 632 00:29:38,880 --> 00:29:42,720 Speaker 4: in nature and does not consider your individual circumstances. She's 633 00:29:42,760 --> 00:29:46,240 Speaker 4: on the Money exists purely for educational purposes and should 634 00:29:46,240 --> 00:29:49,440 Speaker 4: not be relied upon to make an investment or financial decision. 635 00:29:49,800 --> 00:29:52,320 Speaker 5: If you do choose to buy a financial product. 636 00:29:52,080 --> 00:29:56,000 Speaker 4: Read the PDS TMD and obtain appropriate financial advice. 637 00:29:55,640 --> 00:29:57,000 Speaker 5: Tailored towards your needs. 638 00:29:57,360 --> 00:30:00,320 Speaker 4: Victoria, Divine and She's on the Money are all rise 639 00:30:00,440 --> 00:30:03,400 Speaker 4: representatives of money. Sheper p T y L t D 640 00:30:03,640 --> 00:30:06,440 Speaker 4: A B N three two one six four nine, two 641 00:30:06,480 --> 00:30:09,440 Speaker 4: seven seven zero eight a F s L four five 642 00:30:09,520 --> 00:30:11,400 Speaker 4: one two eight nine