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

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Speaker 1: the Order Kerni Whoalbury 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 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: for millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our Shop Back Money diaries, where I get

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Speaker 2: to sit down each and every single week with one

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Speaker 2: of our She's on the Money community members and talk

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Speaker 2: about their money story, their approach to cash and everything

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Speaker 2: in between. This week I got a message and it

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Speaker 2: went like this. I grew up in a poor migrant

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Speaker 2: family and we always struggled to make ends meet. My

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Speaker 2: parents migrated from China and Malaysia and neither had the

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Speaker 2: opportunity to finish high school. My sister and I were

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Speaker 2: the only Asians at my school, and I only ever

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Speaker 2: had hand me down clothes, With my parents unable to

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Speaker 2: afford all of the normal things that kids around me

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Speaker 2: had access to. My mum's family lived without electricity and

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Speaker 2: hot water in rural China, and I really do feel

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Speaker 2: the strain of bridging these different worlds working now. I

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Speaker 2: feel like I want to leave the opposite to the

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Speaker 2: life I grew up with, but it does make me

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Speaker 2: feel guilty for my parents who still live in the past.

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Speaker 2: Money Diarist, welcome to the show. What a story.

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Speaker 4: Thank you so much for having me.

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Speaker 2: Oh my gosh, of course, money Darist, I'm really excited

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Speaker 2: to learn more about your money story, So let's start there.

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Speaker 2: Can you tell us a little bit more about your

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Speaker 2: money story?

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Speaker 4: Well, I feel like for me it was a very

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Speaker 4: like love hate relationship. I really loved how you know

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Speaker 4: money can buy you a lot of things? Can you

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Speaker 4: know can travel with it? I guess you need it

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Speaker 4: for everyday life. But on the other hand, I also

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Speaker 4: felt like it brought a lot of unhappiness as well,

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Speaker 4: like especially when I was growing up, like I felt

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Speaker 4: we didn't have a lot of money, and so there

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Speaker 4: was a lot of experiences or things that other kids

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Speaker 4: seemed to have and were able to do, but I

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Speaker 4: felt because we didn't have the money for it, just

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Speaker 4: felt like it was holding me back a bit. So

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Speaker 4: I guess having that attitude towards money, I kind of

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Speaker 4: hated it, but also wanted more of it as well,

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Speaker 4: So I really wanted to earn a lot of money.

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Speaker 4: So I feel like I always swing between like saving

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Speaker 4: up money and not being willing to spend it, and

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Speaker 4: then I'll go to like the spending like binges almost, So.

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Speaker 2: That is a beautiful place to start. I want to

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Speaker 2: know what do you currently do for work and how

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Speaker 2: much money do you earn.

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Speaker 4: I'm working in a hospital as a pharmacist, and I've

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Speaker 4: just recently started a new job, so I think my

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Speaker 4: current salary is about ninety one thousand. But we do

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Speaker 4: also have to do overtime, which is not counted in

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Speaker 4: that we're rostered on for weekends and public holidays, so

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Speaker 4: they'll just be counted as like extra overtime.

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Speaker 2: On top of that, are the overtime rates good or

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Speaker 2: something that you see as a bit of a burden

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Speaker 2: because you get less time.

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Speaker 4: I think they're okay, I'm actually really bad. I don't

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Speaker 4: check the pacelips. I think I did do one public holiday,

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Speaker 4: but I think it might be one and a half

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Speaker 4: or two. I think I would prefer not to work

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Speaker 4: if possible, but it is I guess expected that we

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Speaker 4: do do the weekends and the public holidays, so it's

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Speaker 4: just extra.

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Speaker 2: That makes absolute, especially if you're in a hospital. They

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Speaker 2: don't just shut for public holidays. All right, I want

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Speaker 2: to know. Next question I've got for you is what's

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Speaker 2: currently your big money goal. What are you working towards.

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Speaker 4: I think in the future, like my current goal, I

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Speaker 4: guess would be to get on top of my mortgage.

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Speaker 4: Only just recently bought a house back in August. It

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Speaker 4: was a bit of like a last minute kind of

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Speaker 4: thing because my rent was going up by one hundred

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Speaker 4: a week, so I was like, oh, maybe I should

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Speaker 4: just buy my own place. So it would be really

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Speaker 4: good to sort of get on top of the repayments.

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Speaker 4: But it's a bit hard with all the interest rates

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Speaker 4: going up, so I can't really put as much money

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Speaker 4: towards towards it as I wanted to, because that needs

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Speaker 4: a lot of renovations, but long time, it would be

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Speaker 4: nice to get like a proper house with like three

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Speaker 4: bedrooms maybe and to have like a yard with a dog.

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Speaker 4: Because at the moment I've bought a unit, so that

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Speaker 4: would be the dream house. But yeah, I think that

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Speaker 4: long time it would be nice to just have like

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Speaker 4: a proper house.

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Speaker 2: I love that you're financial goal included a dog. I

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Speaker 2: ten out of ten can absolutely approve of this.

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Speaker 4: I just don't think it's nice to have a dog

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Speaker 4: in a unit with no backyard.

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Speaker 2: So, yeah, they do get bored, I promise you that.

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Speaker 2: All right. I want to know next, do you have

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Speaker 2: any investments? If so, what are they.

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Speaker 4: Yeah, so a couple of years ago, my friends and

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Speaker 4: I started investing in stocks. It was pro pre COVID

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Speaker 4: and yeah, so I've been slowly trying to work myself

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Speaker 4: into like trying to put some money aside every couple

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Speaker 4: of months, about one thousand every month, so I think

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Speaker 4: at the moment it's about sixteen thousand. Unfortunately, some of

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Speaker 4: my shares didn't do so well, so I kind of

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Speaker 4: sold them and lost a lot of a few thousand

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Speaker 4: from that.

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Speaker 2: Oh my gosh, what made you sell them? If they

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Speaker 2: were down.

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Speaker 4: I think the company was just not doing very well,

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Speaker 4: and I was just worried that they were going to

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Speaker 4: like liquidize or like they were gonna shut down. So

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Speaker 4: I was like, Oh, I might get out of it

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Speaker 4: before like the come zero.

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Speaker 2: I need to know more about this. How did you

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Speaker 2: pick the companies? Are we talking like small caps where

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Speaker 2: the company's like really small and it was a bit

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Speaker 2: of a punt. Are we talking about big companies that

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Speaker 2: maybe you were a bit anxious about. I need to know.

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Speaker 4: It was more like my friends or bought it and

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Speaker 4: then they were telling me, oh, you should get on it.

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Speaker 4: It's going up. And then when I bought it, it

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Speaker 4: went down by over like maybe fifty percent. Yeah, it's

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Speaker 4: not a blue chip, so it's I think it was

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Speaker 4: a pharmaceutical company. But then I was just like, this

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Speaker 4: is not looking good. This company is like prices up,

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Speaker 4: it's like going down. So I just kept monitoring for

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Speaker 4: the longest time, hoping you'll go up, but it just

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Speaker 4: kept going down. So I was like, I'm just gonna

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Speaker 4: cut my losses and not be so risky.

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Speaker 2: Sometimes you have to do that in the investment world.

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Speaker 2: But that's why I wanted a little bit more clarification,

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Speaker 2: because I was like, is this anxiety or is this

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Speaker 2: maybe a small company that you've invested in with the

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Speaker 2: hope of a really high upturn. And it sounds like

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Speaker 2: that might have been it. So I want to know

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Speaker 2: if you had your time again, would you still invest

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Speaker 2: in them or what would you have picked instead?

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Speaker 4: If I could turn back time, I would have instead

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Speaker 4: invested in something more stable and long term instead of

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Speaker 4: thinking that I could get you know, short term gains

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Speaker 4: with my shares.

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Speaker 2: So you got bitten because you wanted to get rich quick.

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Speaker 2: I love that.

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Speaker 4: Yeah, it's not bad. I did that a lot at

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Speaker 4: the start, and then in the end I realized you

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Speaker 4: have to pay capital gains tax, and then I was

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Speaker 4: just like, I'm not doing that anymore. I'm just gonna

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Speaker 4: invest for long term and get the dividends from that, yeah,

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Speaker 4: or reinvest. So some of them I choose to reinvest

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Speaker 4: the dimonands. Most of them I just get the dibenends.

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Speaker 1: Yeah.

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Speaker 2: Oh my gosh. So you've changed your investment strategy so

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Speaker 2: you're a bit more stable, am I? Right?

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Speaker 4: Yeah, I just don't have time to like check it

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Speaker 4: all the time.

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Speaker 2: It is a full time job.

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Speaker 4: Yeah. On a side note, one of my friends actually

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Speaker 4: she tried to leave pharmacy. She was from UNI, but

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Speaker 4: she went into selling stocks full time for a while

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Speaker 4: and I was just so the rest of that that

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Speaker 4: tried to do it, but I couldn't.

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Speaker 2: Oh my gosh, wild. I feel like, although pharmacists are smart,

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Speaker 2: that's a completely different ballgame.

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Speaker 4: It is really different.

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Speaker 2: All right. I want to know you mentioned before a mortgage.

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Speaker 2: Do you have any debts? If so, what are they

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Speaker 2: and how much? Yeah?

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Speaker 4: So I only just bought the house in August, so

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Speaker 4: it was it was four and forty K. And as

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Speaker 4: a pharmacist, you get I think some banks offer loan

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Speaker 4: mortgage insurance.

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Speaker 2: If you pay, you get your LMI waved.

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Speaker 4: Yeah, you get your LMI waves. So I only paid

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Speaker 4: ten percent for the house deposit money win.

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Speaker 2: That's not the only industry that gets that. Like doctors,

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Speaker 2: some different healthcare professionals and like lawyers and stuff all

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Speaker 2: have access to that. So if you haven't spoken to

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Speaker 2: a broker about it, I definitely would because it's a

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Speaker 2: great opportunity to one save l am I, but two

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Speaker 2: only have to come up with ten percent of the

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Speaker 2: deposit instead of a twenty percent, which is a money

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Speaker 2: win for everyone.

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Speaker 4: It is they accidentally put the LMI on my account at.

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Speaker 2: The end on your loan.

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Speaker 4: No, I was like, no, I agreed to this bank

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Speaker 4: because there was no LMI, So cheeky.

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Speaker 2: How did you rectify that?

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Speaker 4: Oh? I just had to call the mortgage broker, and

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Speaker 4: the mortgage broker like fixed it. And I was like,

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Speaker 4: thank goodness, that would be an extra twenty thousand to

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Speaker 4: pay if I had to pay l AM.

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Speaker 2: I yeah, no, thank you. So you've got a mortgage,

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Speaker 2: it's four hundred and forty thousand dollars. You came up

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Speaker 2: with a ten percent deposit you bought in August. Do

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Speaker 2: you have any other debt?

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Speaker 1: Yeah?

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Speaker 4: I do still have a really big heck step. Unfortunately,

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Speaker 4: pharmacists actually don't earn a lot at the start. When

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Speaker 4: I graduated, I think my starting salary as an intern

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Speaker 4: was move about twenty one dollars an hour, which is

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Speaker 4: probably gonna surprise a lot of people. So I didn't

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Speaker 4: actually start paying off my hex.

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Speaker 2: I am surprised. I thought it would be heaps more

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Speaker 2: than that.

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Speaker 4: This was back in maybe two thousand and sixteen or fifteen,

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Speaker 4: so I think they've might have changed it since then,

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Speaker 4: but it was pretty bad pay for a pharmacist in

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Speaker 4: the community, so it's quite low.

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Speaker 2: So yeah, wow, So tell me about the career trajectory

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Speaker 2: of a pharmacist. So you started as an intern and

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Speaker 2: you were earning twenty one dollars an hour, and now

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Speaker 2: we know that you earn about ninety one thousand dollars

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Speaker 2: plus overtime and weekends and stuff like that. But what

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Speaker 2: are you expecting to earn in the future. What does

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Speaker 2: that look like?

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Speaker 4: So I think it like when you go to hospital.

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Speaker 4: I think it is like a big pay rise for

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Speaker 4: me anyway from the community. So you have different grade levels.

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Speaker 4: So depending on which hospital you go to, if you're

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Speaker 4: an intern, you'll start off with the lowest wage and

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Speaker 4: then each year you do go up and pay about

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Speaker 4: a dollar or two, so it'll be like grade one,

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Speaker 4: year two or three. So at the moment, I'm a

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Speaker 4: grade two, year three, and it does go up I

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Speaker 4: think until year six, and then to try to go

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Speaker 4: to grade three where you get another pay rise, you

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Speaker 4: maybe have to like apply for a more senior role

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Speaker 4: or do like masters or some sort of research to

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Speaker 4: sort of earn your way up, so yeah, it can

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Speaker 4: be hard to go up though, unless you do do

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Speaker 4: extra studies and stuff like that.

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Speaker 2: Yeah. Wow, it's something I had never thought about for

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Speaker 2: good reason, I've never worked in pharmacy, but it's so

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Speaker 2: interesting to learn about. All Right, next question I have

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Speaker 2: for you. I feel like this one is something that

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Speaker 2: we all know about which is a bit of a win,

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Speaker 2: and that is shot back. Do you use it? If so?

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Speaker 2: How Yeah?

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Speaker 4: I definitely use it, and I think I just checked

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Speaker 4: it says I've saved like one hundred and seventy seven dollars,

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Speaker 4: So I was like, wow, I love using shot back.

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Speaker 2: One hundred and seventy seven dollars. That is good. What

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Speaker 2: have you been buying?

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Speaker 4: I buy a lot of things, and I think that's yeah.

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Speaker 4: I was gonna say, like, for the next.

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Speaker 2: Question, let's do it or I don't want to know.

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Speaker 2: What is your best money?

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Speaker 1: Have it?

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Speaker 4: I feel like, in a way, the way that I

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Speaker 4: was brought up by my parents was that you have

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Speaker 4: to save life every single dollar every way that you can,

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Speaker 4: so like always buying things on sale, like in the supermarket,

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Speaker 4: and like using coupons and vouches. But now it's like

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Speaker 4: a lot of that song on like apps and stuff.

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Speaker 4: So I have like so many apps on my phone

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Speaker 4: just to try to save money, like all the petrol apps.

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Speaker 4: And there's something called Live and Pay. Live and Pay.

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Speaker 4: It's sort of like having cash back but on like restaurants,

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Speaker 4: like oh wow, yes, I use that all the time.

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Speaker 4: And I refer friends to that app and you get

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Speaker 4: referral bonuses. So I've had like I think one hundred

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Speaker 4: and forty dollars from referrals from too friends.

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Speaker 2: Oh my gosh, money ween.

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Speaker 4: It is because it's like free money and you're gonna

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Speaker 4: buy that food anyway, might as well get money back

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Speaker 4: from it, like you get like ten percent back.

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Speaker 2: Yeah.

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Speaker 1: Love.

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Speaker 4: Yeah, I have a lot of different things like that

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Speaker 4: should try and save money. And also the credit card.

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Speaker 4: I know credit cards might seem bad. I always buy

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Speaker 4: the ones that have you know, bonus points and you

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Speaker 4: know sometimes like they give you vouchers as well if

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Speaker 4: you sign up for a year. So I use that

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Speaker 4: to like get flights back to go back home to

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Speaker 4: visit my family. And yeah, I'll always pay it off

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Speaker 4: as soon as I can. I don't wait till the

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Speaker 4: end of the month. Whenever I have money, I just

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Speaker 4: pay off the credit cards.

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Speaker 2: So you just transfer it straight away. I feel like

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Speaker 2: there are a number of ways to use credit cards

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Speaker 2: really responsibly. Feel like there's this idea in the community

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Speaker 2: that I am a thousand percent against them, and I

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Speaker 2: am if you are irresponsible with money, but it sounds

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Speaker 2: like you're not and you're just using it to get

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Speaker 2: all of the rewards in the bonuses, which I mean,

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Speaker 2: I can't blame you if you're smart with it in

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Speaker 2: saying that I'm not smart with it, so I don't

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Speaker 2: trust myself with it, and I won't be doing it,

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Speaker 2: but I'm impressed that you do. I don't know.

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Speaker 4: I have spent a lot of money this month trying

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Speaker 4: to say, like buy things for the renovations next month

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Speaker 4: in my unit, and I just feel like I've been

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Speaker 4: spending a lot so not good.

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Speaker 2: All right, let's flip the narrative, then, what is your

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Speaker 2: worst money have it?

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Speaker 4: I have this thing where like sometimes I have trouble

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Speaker 4: sleeping at night, and I always play with my phone

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Speaker 4: and I start buying things online, which is really bad.

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Speaker 4: So I have been known to like buy like a

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Speaker 4: soda stream once when I was feeling really like unwell,

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Speaker 4: So I don't know why. I don't even drink soda,

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Speaker 4: but I bought a soda stream online. And the other

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Speaker 4: day I bought a massage, like something to put on

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Speaker 4: your chair for a massage.

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Speaker 2: Oh, like a chair massage.

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Speaker 4: Yeah, I just bought it because I couldn't sleep, so

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Speaker 4: I just have my phone and I just bought it online.

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Speaker 2: Like this is a really good idea. So you're good

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Speaker 2: at impulse purchasing.

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Speaker 4: Yeah, it's not good.

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Speaker 2: Let's ask the last question before we get to a

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Speaker 2: really quick break. I want to know what grade would

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Speaker 2: you give your money habits if I forced you to

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Speaker 2: give yourself a grade. I feel like it would be

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Speaker 2: a C minus, a C minus.

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Speaker 4: Just because I don't feel like I budget. Like I

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Speaker 4: used to be really good, Like I used to have

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Speaker 4: this app called Pocket Expenses, and I was really diligent,

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Speaker 4: like keeping all my receipts and like putting an on

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Speaker 4: through that app and then working out how much money

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Speaker 4: I spend. But these days, because I have the credit card,

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Speaker 4: I feel like I just spend and spend and I

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Speaker 4: don't even know what comes out. And I feel like

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Speaker 4: that's why I need to start bludgeting, so that I

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Speaker 4: know where my money goes. Yeah, that's why I feel

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Speaker 4: like it's C minus smart.

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Speaker 2: I feel like maybe that credit card isn't as financially

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Speaker 2: savvy as you might have originally thought it was. But

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Speaker 2: let's talk about that after this quick break. All right,

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Speaker 2: money diarist, we are back and you have a super

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Speaker 2: interesting money story. I want to hear a little bit

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Speaker 2: more about it from your perspective. When you wrote into

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Speaker 2: us and you were talking, you said that you grew

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Speaker 2: up in a poor migrant family and you always struggled

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Speaker 2: to make ends meet. What does that mean and how

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Speaker 2: has that, I guess impacted you growing up having parents

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Speaker 2: that are both from China and Malaysia. Like you said

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Speaker 2: before that you travel back to see your family a lot.

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Speaker 2: Like what type of financial pressures are on you now

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Speaker 2: as an adult as well? I just have so many questions.

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Speaker 4: So my parents live interstate, so they're not overseas. Still expensive,

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Speaker 4: yes it is, but yeah, I moved over to where

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Speaker 4: I'm now for work. When we were growing up. I

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Speaker 4: have actually two siblings for older sister and a younger brother.

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Speaker 4: So when they first moved to Australia, we didn't actually

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Speaker 4: have our own house. So my parents and my sister.

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Speaker 4: We were living with my grandparents and also my uncle,

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Speaker 4: so it was like a shared house, I guess, and

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Speaker 4: unfortunately my mom had to cook for everyone, so I

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Speaker 4: think she got really sick as well because she was

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Speaker 4: just really stressed. So she was working looking after two

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Speaker 4: kids and then cooking for like my grandparents and my uncle.

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Speaker 4: I can't really remember a lot of that, but my

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Speaker 4: mom always tells me how hard it was. She had

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Speaker 4: I think a lot of health conditions because of all

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Speaker 4: the stress. And it was only later when my grandparents

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Speaker 4: helped them to buy their first house, like they had

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Speaker 4: half of the house so it wasn't even our house.

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Speaker 4: So yeah, I just kind of like grew up in

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Speaker 4: an environment where don't really expect pocket money. It was

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Speaker 4: more so like if family members gave us money, we

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Speaker 4: were to have money. And it was a lot of

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Speaker 4: you know, we couldn't afford new school clothes. It was

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Speaker 4: always like we had cousins and older cousins and they

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Speaker 4: would always give us their clothes and even though it

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Speaker 4: didn't fit. They were a lot bigger and taller than us.

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Speaker 4: We couldn't afford like, you know, proper new clothes. So

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Speaker 4: my mom would try to buy us clothes that looked

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Speaker 4: like the school uniform, but it wasn't really. She'd just

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Speaker 4: do the same color and we'll just try to like

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00:17:39,640 --> 00:17:43,399
Speaker 4: pretend it is the school uniform. One thing that really

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Speaker 4: stood out to me, I think was in high school,

380
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Speaker 4: both my sister and I we hosted exchange students from Japan,

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Speaker 4: so we had this sort of sister program between Japan

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Speaker 4: and my high school. So there's also a chance for

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Speaker 4: us to go to Japan, and I really wanted to go.

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Speaker 4: I was really keen to learn Japanese and I was

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Speaker 4: studying Japanese in high school too, but unfortunately my parents said, oh,

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Speaker 4: we don't have enough money. We can't afford to send

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Speaker 4: you there. And then I just remember being really angry.

388
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Speaker 4: I was really angry with my parents, and my sister

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Speaker 4: sat me down and was like, you can't be angry, Like,

390
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Speaker 4: this is the money that our parents earned. They're allowed

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Speaker 4: to spend it, you know, however they want. And yeah,

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Speaker 4: I remember like they bought a new TV not long after,

393
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Speaker 4: and I was just really angry about that. I was like, oh,

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Speaker 4: so you rather like have a TV? And then yeah,

395
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Speaker 4: I just felt like it affected me because I felt

396
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Speaker 4: like there's a lot of things I felt I was

397
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Speaker 4: missing out on. I felt like that was maybe one

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Speaker 4: of them.

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Speaker 2: Do you think that that anger came from maybe not

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00:18:43,880 --> 00:18:48,080
Speaker 2: fully comprehending their circumstances, Like was money discussed growing up

401
00:18:48,160 --> 00:18:50,280
Speaker 2: or was it just something that you knew you didn't

402
00:18:50,280 --> 00:18:53,800
Speaker 2: have enough of but it wasn't really a popular topic

403
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Speaker 2: of conversation in your home.

404
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Speaker 4: Well, my mom and dad, like I guess they always

405
00:18:59,520 --> 00:19:02,840
Speaker 4: complain if they felt like we were wasting money. They

406
00:19:02,840 --> 00:19:05,600
Speaker 4: didn't really know much. I think their education in terms

407
00:19:05,640 --> 00:19:08,639
Speaker 4: of like stocks and stuff wasn't that good, so like

408
00:19:09,440 --> 00:19:11,880
Speaker 4: they didn't have knowledge about how to invest or anything.

409
00:19:12,400 --> 00:19:15,399
Speaker 4: And I only my dad was actually working. My mom's

410
00:19:15,400 --> 00:19:17,920
Speaker 4: ever really had a proper job where she gets any

411
00:19:18,080 --> 00:19:20,199
Speaker 4: like super or any thing. It was always you know,

412
00:19:20,359 --> 00:19:23,199
Speaker 4: cash only sort of work that she did. Like it

413
00:19:23,240 --> 00:19:26,240
Speaker 4: was a lot of like helping out with like family

414
00:19:26,320 --> 00:19:30,080
Speaker 4: at like making dumplings or cleaning the hotels, so none

415
00:19:30,080 --> 00:19:32,280
Speaker 4: of that. She didn't know how to you know, invest

416
00:19:32,320 --> 00:19:35,320
Speaker 4: the money or anything. It was always about trying to

417
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Speaker 4: save money, so like trying to cut back on cost,

418
00:19:38,119 --> 00:19:40,520
Speaker 4: like turning off the lights when you walk out the room,

419
00:19:40,880 --> 00:19:44,040
Speaker 4: not taking long showers. You know, like everything was sort

420
00:19:44,040 --> 00:19:47,159
Speaker 4: of about like, you know, you know how to reduce money,

421
00:19:47,160 --> 00:19:49,359
Speaker 4: but you don't know how to Like we didn't have

422
00:19:49,480 --> 00:19:52,600
Speaker 4: much knowledge about how to save money or things like that.

423
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Speaker 4: So I just felt like, yeah, financially, I've never been

424
00:19:57,560 --> 00:20:00,480
Speaker 4: really good at like money until I was older, and

425
00:20:00,520 --> 00:20:03,800
Speaker 4: then you know, I started learning about what super is

426
00:20:03,880 --> 00:20:07,320
Speaker 4: and like stocks and stuff. It was all from friends

427
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Speaker 4: and like podcasts like this.

428
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Speaker 2: So oh, I love that I've been a part of it.

429
00:20:10,920 --> 00:20:13,440
Speaker 2: But I want to know at what part in your

430
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Speaker 2: I guess journey or what part in your life did

431
00:20:17,000 --> 00:20:20,400
Speaker 2: you realize wow, like I can actually earn a fair

432
00:20:20,440 --> 00:20:22,080
Speaker 2: bit of money, because at the end of the day,

433
00:20:22,480 --> 00:20:25,520
Speaker 2: ninety one thousand dollars is a lot of money to

434
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Speaker 2: be earning, especially when you contrast it with the family

435
00:20:29,000 --> 00:20:31,400
Speaker 2: that you have overseas and then money that your parents

436
00:20:31,400 --> 00:20:33,919
Speaker 2: were able to earn. Like, at what point were you like,

437
00:20:34,000 --> 00:20:37,560
Speaker 2: oh my gosh, like I have a very comfortable wage.

438
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Speaker 2: How do you feel about that? What does that look

439
00:20:39,840 --> 00:20:40,520
Speaker 2: like for you?

440
00:20:40,560 --> 00:20:45,320
Speaker 4: To be honest, I still feel like really anxious about money,

441
00:20:45,400 --> 00:20:47,359
Speaker 4: Like I still feel like I don't earn en off

442
00:20:47,920 --> 00:20:49,760
Speaker 4: or maybe I'm just not good at money because I

443
00:20:49,840 --> 00:20:53,040
Speaker 4: even though it is a lot of money. I don't

444
00:20:53,080 --> 00:20:55,440
Speaker 4: know if other people feel this way when you first

445
00:20:55,440 --> 00:20:58,119
Speaker 4: start working. Like when I started working as soon as

446
00:20:58,119 --> 00:21:02,040
Speaker 4: I graduated high school and went to start UNI, I

447
00:21:02,080 --> 00:21:03,840
Speaker 4: felt like I was earning a lot at the start,

448
00:21:04,040 --> 00:21:06,240
Speaker 4: just doing like a part time job in a cafe.

449
00:21:06,720 --> 00:21:10,160
Speaker 4: But as I sort of like went into full time

450
00:21:10,200 --> 00:21:12,880
Speaker 4: work and I was slowly growing up, I always feel

451
00:21:12,880 --> 00:21:14,680
Speaker 4: like I don't earn enough. And I don't know if

452
00:21:14,680 --> 00:21:17,400
Speaker 4: this is just the way that I've been brought up.

453
00:21:17,720 --> 00:21:21,000
Speaker 4: I just still feel like it's never enough, and I

454
00:21:21,000 --> 00:21:22,679
Speaker 4: don't know if other people feel this way. I just

455
00:21:22,680 --> 00:21:25,199
Speaker 4: feel like, even though the money might be going up,

456
00:21:25,320 --> 00:21:28,920
Speaker 4: I just feel like I'm never have enough money or

457
00:21:29,119 --> 00:21:30,000
Speaker 4: I'm not saving enough.

458
00:21:30,040 --> 00:21:33,080
Speaker 2: I always feel like that that is usually a very

459
00:21:33,119 --> 00:21:35,640
Speaker 2: good indicator that you need a better cash flow system.

460
00:21:35,760 --> 00:21:38,280
Speaker 2: My love so that you feel super in control of

461
00:21:38,320 --> 00:21:40,280
Speaker 2: it and you know you're working towards your goals and

462
00:21:40,320 --> 00:21:42,919
Speaker 2: you know that what you're doing at the moment is

463
00:21:43,080 --> 00:21:45,520
Speaker 2: good enough. Because I feel like that really ends up

464
00:21:45,560 --> 00:21:48,480
Speaker 2: impacting your confidence. Do you feel like that that is

465
00:21:48,520 --> 00:21:50,919
Speaker 2: a part of your story as well? Like hearing you

466
00:21:50,960 --> 00:21:52,520
Speaker 2: talk about it like, oh, I just don't feel like

467
00:21:52,560 --> 00:21:55,240
Speaker 2: it's good enough. And before you raided yourself as CNUS,

468
00:21:55,480 --> 00:21:57,440
Speaker 2: but in August you bought a house and you've got

469
00:21:57,440 --> 00:21:59,760
Speaker 2: like sixteen thousand dollars invested. I feel like you are

470
00:22:00,000 --> 00:22:03,040
Speaker 2: definitely on the right path and having no personal debt,

471
00:22:03,200 --> 00:22:05,439
Speaker 2: Like you are not in a bad situation. But you

472
00:22:05,560 --> 00:22:09,480
Speaker 2: seem to be quite self critical, if I do say

473
00:22:09,560 --> 00:22:11,600
Speaker 2: so without knowing you too deeply.

474
00:22:11,680 --> 00:22:14,680
Speaker 4: At this point, I was, yeah, thinking about that. Like

475
00:22:15,040 --> 00:22:17,960
Speaker 4: a few years ago, I did actually want to get

476
00:22:17,960 --> 00:22:20,879
Speaker 4: into medicine because I felt like maybe that would be

477
00:22:20,960 --> 00:22:24,240
Speaker 4: something that would earn me more money. So I did

478
00:22:24,280 --> 00:22:26,920
Speaker 4: try doing like the medical exams a few times, like

479
00:22:26,960 --> 00:22:30,480
Speaker 4: it's called gamsat, but unfortunately I just didn't get in.

480
00:22:30,760 --> 00:22:33,760
Speaker 4: And you know, sometimes I do feel like if I

481
00:22:33,880 --> 00:22:37,960
Speaker 4: was brought up in you know, like a more wealthy family, like,

482
00:22:38,040 --> 00:22:41,040
Speaker 4: would that have meant that I could increase my chance

483
00:22:41,080 --> 00:22:43,320
Speaker 4: of getting to medicine. I felt like I would. Maybe

484
00:22:43,400 --> 00:22:45,600
Speaker 4: I wasn't smart enough, or because I went to a

485
00:22:45,600 --> 00:22:48,920
Speaker 4: public school, maybe that's why I couldn't get into medicine

486
00:22:48,920 --> 00:22:51,760
Speaker 4: and I had to do pharmacy instead. Because yeah, I

487
00:22:51,800 --> 00:22:54,280
Speaker 4: know it's bad, but I do sometimes compare myself to

488
00:22:54,840 --> 00:22:57,760
Speaker 4: one of my cousins who comes from a wealthy family.

489
00:22:57,840 --> 00:23:00,720
Speaker 4: Both parents are lawyers, and they she just got into

490
00:23:00,800 --> 00:23:03,080
Speaker 4: medicine straight out of high school. And I just felt

491
00:23:03,160 --> 00:23:06,119
Speaker 4: like the way that we were both cousins, but we

492
00:23:06,400 --> 00:23:09,760
Speaker 4: grew up in such different worlds, And I just don't

493
00:23:09,800 --> 00:23:13,680
Speaker 4: know if that actually affects how, you know, how confident

494
00:23:13,720 --> 00:23:15,760
Speaker 4: I am and like, you know what I achieve in life?

495
00:23:15,840 --> 00:23:18,719
Speaker 2: A bit of a like a bit of a deep question.

496
00:23:19,000 --> 00:23:19,760
Speaker 4: Yeah, I don't know.

497
00:23:20,160 --> 00:23:23,240
Speaker 2: No, It's interesting to have that conversation because I think,

498
00:23:23,600 --> 00:23:26,280
Speaker 2: looking at you, I'm so impressed. I'm just like, oh

499
00:23:26,280 --> 00:23:28,600
Speaker 2: my gosh, she's a pharmacist in a hospital. She has

500
00:23:28,640 --> 00:23:31,720
Speaker 2: this really great income, like ninety one grand. She's bought

501
00:23:31,760 --> 00:23:34,119
Speaker 2: a house, like you must be really good at saving

502
00:23:34,200 --> 00:23:36,040
Speaker 2: to be able to, you know, as you said before,

503
00:23:36,119 --> 00:23:37,919
Speaker 2: on a whim by a house because your rent was

504
00:23:37,920 --> 00:23:40,920
Speaker 2: going up like that is epic. To have given yourself

505
00:23:40,960 --> 00:23:43,879
Speaker 2: the financial freedom to be able to not only afford that,

506
00:23:43,960 --> 00:23:47,640
Speaker 2: but be able to seize that opportunity. And then to say, oh, yeah,

507
00:23:47,640 --> 00:23:49,520
Speaker 2: I invest in stocks like I might have made a

508
00:23:49,520 --> 00:23:52,600
Speaker 2: few mistakes, but also I've got a really good amount

509
00:23:52,640 --> 00:23:55,600
Speaker 2: of savings and your saving or investing, sorry, about one

510
00:23:55,600 --> 00:23:57,760
Speaker 2: thousand dollars a month. To me, all of this sounds

511
00:23:58,080 --> 00:24:00,880
Speaker 2: so impressive, but I guess I guess the thing I'm

512
00:24:00,880 --> 00:24:03,360
Speaker 2: really getting out of this Money Diary is that from

513
00:24:03,400 --> 00:24:05,679
Speaker 2: the outside looking in, that might be the case, but

514
00:24:05,720 --> 00:24:08,360
Speaker 2: that doesn't mean that on the inside that's how it feels.

515
00:24:08,760 --> 00:24:10,560
Speaker 2: And I think that there are probably a lot of

516
00:24:10,600 --> 00:24:13,439
Speaker 2: people in our community that would compare themselves to you

517
00:24:13,520 --> 00:24:15,480
Speaker 2: and be like, oh my gosh, money Diarist is doing

518
00:24:15,560 --> 00:24:18,719
Speaker 2: so well. I wish I could X y Z because

519
00:24:18,720 --> 00:24:22,040
Speaker 2: often the grass is always greener in a way, and

520
00:24:22,080 --> 00:24:25,800
Speaker 2: I think that we forget to water our own sometimes.

521
00:24:26,160 --> 00:24:28,800
Speaker 2: I want to know a little bit about your mum

522
00:24:28,960 --> 00:24:32,359
Speaker 2: and dad's family. They're still overseas, They're still you know,

523
00:24:32,440 --> 00:24:36,640
Speaker 2: living in a very different world to you. How does

524
00:24:36,680 --> 00:24:39,280
Speaker 2: that impact you now? Do you see the family often?

525
00:24:39,280 --> 00:24:41,480
Speaker 2: Do you talk to them like? Is there a bridge

526
00:24:41,520 --> 00:24:43,080
Speaker 2: between those two worlds?

527
00:24:43,359 --> 00:24:46,080
Speaker 4: So I should explain that my dad's family is mostly

528
00:24:46,240 --> 00:24:49,200
Speaker 4: in Australia, so they moved here first, and then it's

529
00:24:49,240 --> 00:24:51,879
Speaker 4: my mom's family that's still in China, so all of

530
00:24:51,920 --> 00:24:55,560
Speaker 4: the family's in China. To be honest, I haven't actually

531
00:24:55,560 --> 00:24:57,920
Speaker 4: seen my mom's side of the family for so long,

532
00:24:58,119 --> 00:25:01,320
Speaker 4: so it's probably been a good eight years. I reckon

533
00:25:01,560 --> 00:25:03,320
Speaker 4: when my sister got married. I think we went to

534
00:25:03,440 --> 00:25:06,639
Speaker 4: China then, But yeah, every time I went when I

535
00:25:06,680 --> 00:25:10,720
Speaker 4: was a younger kid, I always felt like we had

536
00:25:10,720 --> 00:25:13,520
Speaker 4: it so good in Australia. So even though I felt

537
00:25:13,600 --> 00:25:17,160
Speaker 4: like in Australia we were not doing very well, we're

538
00:25:17,200 --> 00:25:19,840
Speaker 4: really poor, but when we went to China, I actually

539
00:25:20,160 --> 00:25:22,439
Speaker 4: felt like I was really privileged, to be honest, Like

540
00:25:22,760 --> 00:25:26,280
Speaker 4: they don't even have flushing toilets in China. Everything's like

541
00:25:26,320 --> 00:25:29,399
Speaker 4: a hole in the ground well in my grandparents' house.

542
00:25:29,600 --> 00:25:31,600
Speaker 4: And yeah, back then, they didn't even have a shower,

543
00:25:31,720 --> 00:25:35,600
Speaker 4: so you had to boil water and then just shower

544
00:25:35,640 --> 00:25:38,280
Speaker 4: in a bucket. And yeah, it was just really different,

545
00:25:38,440 --> 00:25:41,720
Speaker 4: like the lifestyle there. I felt it was very rural.

546
00:25:42,119 --> 00:25:44,920
Speaker 4: But I feel like my mom grew up very happy though,

547
00:25:44,960 --> 00:25:48,320
Speaker 4: so she's very good with like not having much and

548
00:25:49,040 --> 00:25:52,280
Speaker 4: you know, like cooking everything from scratch and stuff like that.

549
00:25:52,640 --> 00:25:54,159
Speaker 4: I guess she's very used to it. For me, it

550
00:25:54,240 --> 00:25:57,200
Speaker 4: was very different. I can kind of see why she's

551
00:25:57,359 --> 00:26:01,040
Speaker 4: always saving money and she's you know, like eating food

552
00:26:01,040 --> 00:26:03,399
Speaker 4: that might be off and I would like refuse to

553
00:26:03,400 --> 00:26:06,080
Speaker 4: eat it because I just feel like it's past his

554
00:26:06,359 --> 00:26:08,800
Speaker 4: due date, like it's not safe. But she would be

555
00:26:08,840 --> 00:26:10,879
Speaker 4: just like, oh no, it's fine, just cut it off.

556
00:26:11,080 --> 00:26:14,399
Speaker 4: And I guess that just comes from a someone who's

557
00:26:14,560 --> 00:26:17,199
Speaker 4: you know, experienced even worse, Like she came from a

558
00:26:17,200 --> 00:26:20,200
Speaker 4: place that was even worse than how it was when

559
00:26:20,240 --> 00:26:22,720
Speaker 4: she moved to Australia. So for her, like Australia was

560
00:26:22,760 --> 00:26:25,359
Speaker 4: really really good, even though they started with like, you know,

561
00:26:25,440 --> 00:26:29,600
Speaker 4: minimal income, like just doing odd jobs. Yeah, I think

562
00:26:29,600 --> 00:26:32,280
Speaker 4: I might have mentioned before, like she's taken us to

563
00:26:32,320 --> 00:26:34,760
Speaker 4: a few jobs when we were younger, so we used

564
00:26:34,760 --> 00:26:37,160
Speaker 4: to follow her to like the hotel for cleaning and

565
00:26:37,600 --> 00:26:40,960
Speaker 4: sometimes she's so's clothes for people, and yeah, just doing

566
00:26:41,040 --> 00:26:44,720
Speaker 4: dumplings and cleaning houses. So she worked really hard, which

567
00:26:45,080 --> 00:26:46,520
Speaker 4: is yeah, very admirable.

568
00:26:46,760 --> 00:26:49,840
Speaker 2: So I love that. And how are your parents today,

569
00:26:49,960 --> 00:26:53,119
Speaker 2: Obviously it's been a while since you were young and

570
00:26:53,160 --> 00:26:55,399
Speaker 2: it's schooled and a bit grumpy at them for not

571
00:26:55,440 --> 00:26:58,359
Speaker 2: being able to go on exchange. How are they doing now?

572
00:26:58,440 --> 00:27:01,800
Speaker 4: Well, I think my dad's actually semi retired, so I

573
00:27:01,840 --> 00:27:03,639
Speaker 4: don't think if I talked much about my dad, but

574
00:27:03,720 --> 00:27:05,560
Speaker 4: he Yeah, he did a lot of odd jobs and

575
00:27:05,560 --> 00:27:08,159
Speaker 4: when he came to Australia as well. I think he

576
00:27:08,200 --> 00:27:11,120
Speaker 4: worked in my uncle's restaurant for a bit, and then

577
00:27:11,160 --> 00:27:14,080
Speaker 4: he was picking apples for a bit, and then finally

578
00:27:14,119 --> 00:27:16,840
Speaker 4: he did a tape course and it went into gardening.

579
00:27:17,359 --> 00:27:18,960
Speaker 4: I think he got a job as a gardener and

580
00:27:19,000 --> 00:27:23,280
Speaker 4: a disability hospital, and then they didn't need that many gardeners,

581
00:27:23,280 --> 00:27:25,520
Speaker 4: so they ended up putting him inside the hospital as

582
00:27:25,560 --> 00:27:28,800
Speaker 4: a sort of like a I don't know, a nursing assistant.

583
00:27:29,200 --> 00:27:31,320
Speaker 4: So yeah, he was there for thirty years, which is

584
00:27:31,359 --> 00:27:32,200
Speaker 4: a really long time.

585
00:27:32,359 --> 00:27:35,400
Speaker 2: It's a government job, so yeah, we love government jobs

586
00:27:35,400 --> 00:27:36,720
Speaker 2: and the benefits they attract.

587
00:27:37,080 --> 00:27:40,080
Speaker 4: I think back then it was really good. Now I'm

588
00:27:40,119 --> 00:27:42,880
Speaker 4: working in government, but it's not as good. I feel

589
00:27:42,920 --> 00:27:45,720
Speaker 4: like they don't offer full time contracts. Everything is like

590
00:27:46,000 --> 00:27:50,119
Speaker 4: one year contract or so, yeah, unfortunately it's not as

591
00:27:50,119 --> 00:27:52,680
Speaker 4: stable as before, but it used to be really good.

592
00:27:52,840 --> 00:27:55,880
Speaker 4: So he got offered a package a couple of years ago,

593
00:27:55,960 --> 00:27:58,520
Speaker 4: so he took the package and now he's not working,

594
00:27:58,640 --> 00:28:02,440
Speaker 4: so he's at the time of retirement yet either. So

595
00:28:02,480 --> 00:28:04,720
Speaker 4: they're kind of like in a limbo, which is kind

596
00:28:04,720 --> 00:28:06,399
Speaker 4: of makes me worried because I'm like, what if they

597
00:28:06,480 --> 00:28:08,959
Speaker 4: run out of money? They do do your like a

598
00:28:08,960 --> 00:28:12,359
Speaker 4: little bit of letterboxing, like you know, advertising, like junk

599
00:28:12,400 --> 00:28:15,680
Speaker 4: vowels into boxes. Yeah, we used to do that. We

600
00:28:15,760 --> 00:28:17,320
Speaker 4: used to help them, and I used to hate it

601
00:28:17,359 --> 00:28:20,080
Speaker 4: because they made us go and like walk around and

602
00:28:20,119 --> 00:28:23,000
Speaker 4: deliver junk fowl at nighttime. I used to hate it,

603
00:28:23,040 --> 00:28:24,760
Speaker 4: but they still do it to this day.

604
00:28:24,880 --> 00:28:27,200
Speaker 2: So it's a good way to get cash in the door.

605
00:28:27,320 --> 00:28:30,720
Speaker 2: And I think the thing I admire especially about my

606
00:28:30,840 --> 00:28:34,240
Speaker 2: grant families is just their work ethic. Like I feel

607
00:28:34,240 --> 00:28:37,240
Speaker 2: like there's no such thing as being too good for

608
00:28:37,280 --> 00:28:39,720
Speaker 2: a job or you know, putting in the time, energy

609
00:28:39,720 --> 00:28:43,200
Speaker 2: and effort, Like it's just honestly so admirable. And I

610
00:28:43,280 --> 00:28:46,120
Speaker 2: know that as a young kid, you're probably like this sucks,

611
00:28:46,160 --> 00:28:48,640
Speaker 2: but I'm sure that it has instilled in you a

612
00:28:48,640 --> 00:28:52,080
Speaker 2: beautiful work ethic as well, which obviously makes sense given

613
00:28:52,120 --> 00:28:55,480
Speaker 2: you are a pharmacist today, Like that is epic. But

614
00:28:55,640 --> 00:28:58,680
Speaker 2: I'm sure, absolutely certain that they would be so proud

615
00:28:58,720 --> 00:29:02,120
Speaker 2: of you and who you've become to I hope, so, oh,

616
00:29:02,240 --> 00:29:03,800
Speaker 2: I know, so I feel like.

617
00:29:03,800 --> 00:29:06,200
Speaker 4: I have it a lot better. But yeah, I do

618
00:29:06,280 --> 00:29:09,360
Speaker 4: feel like I should be more grateful for like having

619
00:29:09,440 --> 00:29:12,280
Speaker 4: you know, education in Australia and you know, because they

620
00:29:12,360 --> 00:29:14,920
Speaker 4: never got the opportunity to do any like, not even

621
00:29:15,000 --> 00:29:16,000
Speaker 4: to finish high school.

622
00:29:16,080 --> 00:29:16,800
Speaker 2: Yeah wow.

623
00:29:16,960 --> 00:29:17,200
Speaker 1: Yeah.

624
00:29:17,280 --> 00:29:20,320
Speaker 4: Unfortunately they're not working. Both of them aren't working full time.

625
00:29:20,360 --> 00:29:22,240
Speaker 4: They just do the letter boxing at the moment and

626
00:29:23,040 --> 00:29:26,960
Speaker 4: just they're hanging out for retirement. So I think it's

627
00:29:27,000 --> 00:29:29,680
Speaker 4: a couple of years away until my dad can get

628
00:29:29,880 --> 00:29:33,560
Speaker 4: access to a super. Unfortunately, my mom didn't actually have

629
00:29:33,680 --> 00:29:37,200
Speaker 4: a super because she's never had like a proper job,

630
00:29:37,320 --> 00:29:41,440
Speaker 4: so I hope that I can support her in the future. Unfortunately,

631
00:29:41,480 --> 00:29:43,000
Speaker 4: I live into States, so I don't know if she

632
00:29:43,040 --> 00:29:45,320
Speaker 4: wants to move over with me, but they do have

633
00:29:45,360 --> 00:29:46,200
Speaker 4: their house down.

634
00:29:46,120 --> 00:29:48,920
Speaker 2: So it's sweet that you want to though. I love that.

635
00:29:49,160 --> 00:29:51,120
Speaker 2: It is honestly so sweet that you're like, I hope

636
00:29:51,120 --> 00:29:52,440
Speaker 2: I can help her. I don't even know if she

637
00:29:52,440 --> 00:29:54,000
Speaker 2: wants to live with me, but I would love that.

638
00:29:54,520 --> 00:29:58,040
Speaker 2: It's literally the best. Oh my gosh, money direst Unfortunately,

639
00:29:58,400 --> 00:30:01,200
Speaker 2: that is all we have time today, so thank you

640
00:30:01,320 --> 00:30:03,320
Speaker 2: so much for joining us. I feel like this chat

641
00:30:03,360 --> 00:30:06,400
Speaker 2: has been really wholesome and really eye opening, and I

642
00:30:06,480 --> 00:30:08,200
Speaker 2: just want you to be more proud of yourself and

643
00:30:08,280 --> 00:30:10,920
Speaker 2: what you've achieved, and stop comparing yourself because they think

644
00:30:10,920 --> 00:30:12,960
Speaker 2: that you're doing an epic job.

645
00:30:13,520 --> 00:30:15,000
Speaker 4: Thank you, thanks for having me.

646
00:30:21,760 --> 00:30:24,320
Speaker 2: The advice shared on She's on the Money is general

647
00:30:24,360 --> 00:30:28,200
Speaker 2: in nature and does not consider your individual circumstances. She's

648
00:30:28,240 --> 00:30:31,720
Speaker 2: on the Money exists purely for educational purposes and should

649
00:30:31,760 --> 00:30:34,920
Speaker 2: not be relied upon to make an investment or financial decision.

650
00:30:35,320 --> 00:30:37,760
Speaker 2: If you do choose to buy a financial product, read

651
00:30:37,760 --> 00:30:41,880
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards

652
00:30:41,960 --> 00:30:45,200
Speaker 2: your needs. Victoria Divine and She's on the Money are

653
00:30:45,280 --> 00:30:50,320
Speaker 2: authorized representatives of Money sirper Pty Ltd ABN three two

654
00:30:50,320 --> 00:30:53,320
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655
00:30:53,640 --> 00:31:02,600
Speaker 2: AFSL four five one two eight ninety