1 00:00:00,200 --> 00:00:02,000 Speaker 1: She's on the Money. 2 00:00:02,160 --> 00:00:19,440 Speaker 2: She's on the Money. 3 00:00:23,640 --> 00:00:26,520 Speaker 3: Hello, and welcome to She's on the Money, the podcast 4 00:00:26,560 --> 00:00:30,600 Speaker 3: for millennials who want financial freedom. My name is Tony Lodge, 5 00:00:30,640 --> 00:00:33,559 Speaker 3: and joining me for another shotback money Diary is financial 6 00:00:33,600 --> 00:00:35,400 Speaker 3: advisor Victoria Divine. 7 00:00:35,440 --> 00:00:36,400 Speaker 4: Hello, my friend. 8 00:00:36,760 --> 00:00:38,680 Speaker 3: Hello, are you ready for another money Diary? 9 00:00:38,800 --> 00:00:41,440 Speaker 4: Yes, I've got a green smoothie. I'm a vision of health. 10 00:00:41,600 --> 00:00:43,640 Speaker 4: I am so so ready. 11 00:00:44,360 --> 00:00:45,919 Speaker 3: Well, that's what's important. A smoothie. 12 00:00:46,040 --> 00:00:48,120 Speaker 4: Oh my gosh, A green smoothie makes you feel like 13 00:00:48,120 --> 00:00:50,319 Speaker 4: you've got your life together. You're like, wow, I'm one 14 00:00:50,360 --> 00:00:51,560 Speaker 4: of the hot Instagram girls. 15 00:00:51,600 --> 00:00:51,840 Speaker 1: Now. 16 00:00:52,560 --> 00:00:54,440 Speaker 3: It's like when you exercise in the morning, You're like, wow, 17 00:00:54,480 --> 00:00:55,560 Speaker 3: I'm really better than everyone. 18 00:00:55,960 --> 00:00:58,200 Speaker 4: Yeah, I literally am. And I went for a walk 19 00:00:58,240 --> 00:01:01,320 Speaker 4: this morning, so like I am better than everybody else. Go, 20 00:01:01,640 --> 00:01:03,800 Speaker 4: oh my gosh, No, that is absolutely not the case. 21 00:01:03,840 --> 00:01:05,679 Speaker 4: In fact, I made myself cringe a little bit when 22 00:01:05,720 --> 00:01:09,959 Speaker 4: I said that. So let's jump straight into today's money diary. Tony, 23 00:01:10,040 --> 00:01:12,959 Speaker 4: can you read out this week's money Direst's email for me? 24 00:01:13,360 --> 00:01:16,520 Speaker 3: All right, here we go. Hi, She's on the Money team. 25 00:01:16,840 --> 00:01:19,680 Speaker 3: I grew up in a chaotic house with five other siblings. 26 00:01:19,720 --> 00:01:22,640 Speaker 3: That was very unstable and often saw us in refuges 27 00:01:22,720 --> 00:01:27,200 Speaker 3: and safe houses. Unfortunately, domestic violence and emotional abuse was 28 00:01:27,240 --> 00:01:29,759 Speaker 3: the norm, and through that I didn't think that more 29 00:01:29,800 --> 00:01:33,400 Speaker 3: even existed. No adults around me worked and center Link 30 00:01:33,440 --> 00:01:36,360 Speaker 3: and having a victim mentality was the lens. I grew 31 00:01:36,480 --> 00:01:39,000 Speaker 3: up in scarcity, where money was not abundant and that 32 00:01:39,040 --> 00:01:42,040 Speaker 3: shops like Target were too expensive to shop at. At 33 00:01:42,080 --> 00:01:44,520 Speaker 3: age seventeen, I was kicked out of home and worked 34 00:01:44,520 --> 00:01:48,120 Speaker 3: two jobs while finishing my HSC. I am now thirty one, 35 00:01:48,400 --> 00:01:50,720 Speaker 3: have a well paid job with no UNI degree and 36 00:01:50,840 --> 00:01:54,200 Speaker 3: two properties. I was so inspired to have more and 37 00:01:54,360 --> 00:01:56,600 Speaker 3: be more that I decided I didn't want what was 38 00:01:56,640 --> 00:01:58,760 Speaker 3: around me and would love to share my story. 39 00:01:59,160 --> 00:02:04,520 Speaker 4: Oh my gosh, I love that. I'm so excited about this, Tony. 40 00:02:04,880 --> 00:02:07,520 Speaker 4: We obviously have our money diarist on the line. 41 00:02:07,600 --> 00:02:08,480 Speaker 3: We do Hi. 42 00:02:08,639 --> 00:02:10,520 Speaker 1: How are you hi? How are you? 43 00:02:11,240 --> 00:02:13,720 Speaker 3: Yeah? Well, well, it's such a pleasure to have you on. 44 00:02:13,800 --> 00:02:15,240 Speaker 3: Thank you for sharing your story. 45 00:02:15,960 --> 00:02:18,520 Speaker 1: That's okay, I'm it's a pleasure to share it. 46 00:02:18,520 --> 00:02:21,079 Speaker 5: It's so weird hearing it back again, even though I 47 00:02:21,120 --> 00:02:22,919 Speaker 5: wrote it. 48 00:02:22,919 --> 00:02:26,160 Speaker 4: It's always a little bit mind blowing when you're like, wow, 49 00:02:26,240 --> 00:02:30,000 Speaker 4: that's actually really impressive, especially when you hear it about yourself. 50 00:02:30,280 --> 00:02:32,280 Speaker 1: Yeah, it's kind of like an out of body experience. 51 00:02:32,919 --> 00:02:35,639 Speaker 3: Because we've talked about before maybe oh should we get 52 00:02:35,639 --> 00:02:39,160 Speaker 3: our money? Diarists to tell us like a quick version 53 00:02:39,200 --> 00:02:41,480 Speaker 3: of their story, so it comes from them. But we've 54 00:02:41,520 --> 00:02:44,080 Speaker 3: had quite a few people say that they actually like 55 00:02:44,160 --> 00:02:46,760 Speaker 3: hearing their story back because they go, wow, how far 56 00:02:46,800 --> 00:02:48,720 Speaker 3: have I come? You know, I started here and now 57 00:02:48,760 --> 00:02:51,079 Speaker 3: I'm here, and oh my god, Tony, when you read 58 00:02:51,080 --> 00:02:52,720 Speaker 3: it out, it felt like I was listening to someone 59 00:02:52,760 --> 00:02:54,840 Speaker 3: else's story and I thought, Wow, good on them, But 60 00:02:54,880 --> 00:02:55,960 Speaker 3: it was actually about me. 61 00:02:56,720 --> 00:02:59,080 Speaker 5: It's so true, and I think if you read it 62 00:02:59,120 --> 00:03:01,519 Speaker 5: out yourself, get like it's I don't know, it's like 63 00:03:01,560 --> 00:03:03,680 Speaker 5: you're just reading from a script, but someone else reading it, 64 00:03:03,720 --> 00:03:04,800 Speaker 5: you're like, go that person. 65 00:03:05,320 --> 00:03:06,160 Speaker 1: Yeah, but it's. 66 00:03:06,040 --> 00:03:08,079 Speaker 3: Actually all about you, and we want to hear all 67 00:03:08,120 --> 00:03:08,639 Speaker 3: about it. 68 00:03:08,840 --> 00:03:10,560 Speaker 5: Great, Well, I can't wait to share. So ask me 69 00:03:10,600 --> 00:03:13,120 Speaker 5: whatever you want to ask me Perviet questions. 70 00:03:13,600 --> 00:03:16,799 Speaker 4: Oh, thank you for the permission. We are definitely going 71 00:03:16,880 --> 00:03:20,240 Speaker 4: to do exactly that. But first, as always, we are 72 00:03:20,240 --> 00:03:23,880 Speaker 4: going to go through our planned questions. So let's kick 73 00:03:23,919 --> 00:03:27,200 Speaker 4: it straight off with what is your attitude towards money. 74 00:03:28,000 --> 00:03:31,720 Speaker 5: So my attitude towards money has changed from obviously being 75 00:03:31,720 --> 00:03:34,000 Speaker 5: a child to now an adult, and I think I've 76 00:03:34,040 --> 00:03:38,280 Speaker 5: had to force myself into a different mindset. So from 77 00:03:38,320 --> 00:03:40,640 Speaker 5: age sort of from being a baby to age seven, 78 00:03:40,760 --> 00:03:45,440 Speaker 5: we had money, and then when my mum divorced my stepdad, 79 00:03:45,480 --> 00:03:47,800 Speaker 5: we didn't. So I was really kind of there was 80 00:03:47,840 --> 00:03:51,680 Speaker 5: like this juxtaposition of being used to having nice holidays 81 00:03:51,680 --> 00:03:54,960 Speaker 5: and things to having nothing, and so that was really 82 00:03:55,280 --> 00:03:57,080 Speaker 5: it was really weird. And as a child, you sort 83 00:03:57,080 --> 00:03:59,720 Speaker 5: of don't understand why, you know, all of a sudden 84 00:03:59,720 --> 00:04:01,760 Speaker 5: you're being sent to the corner store and you're only 85 00:04:01,800 --> 00:04:04,080 Speaker 5: allowed to get the you know, the dollar eighty bread 86 00:04:04,120 --> 00:04:06,200 Speaker 5: because that you've only been given a dollar eighty or 87 00:04:06,240 --> 00:04:09,680 Speaker 5: whatever it is. And so I became very conscious about 88 00:04:09,720 --> 00:04:13,000 Speaker 5: how much things cost and how stressful money was, and 89 00:04:13,080 --> 00:04:16,080 Speaker 5: I almost started to resent it because it was painted 90 00:04:16,120 --> 00:04:18,800 Speaker 5: this like bad, scary thing that was like, oh, you 91 00:04:18,839 --> 00:04:22,200 Speaker 5: know these terms like filthy, rich, and you know, all 92 00:04:22,240 --> 00:04:26,440 Speaker 5: these negative things around money. So for me, I kind 93 00:04:26,520 --> 00:04:28,600 Speaker 5: of was like it was just always never going to 94 00:04:28,600 --> 00:04:32,120 Speaker 5: be abundant. So I, you know, grew up just wanting 95 00:04:32,200 --> 00:04:35,880 Speaker 5: nice things and not having them, and I, you know, 96 00:04:35,920 --> 00:04:38,080 Speaker 5: would think about things like, oh, when I'm older, I 97 00:04:38,120 --> 00:04:40,479 Speaker 5: can't wait, I'm going to shop at Target, because I 98 00:04:40,600 --> 00:04:44,520 Speaker 5: thought that Target was literally the top tier of retail 99 00:04:44,560 --> 00:04:46,400 Speaker 5: at the time, because I didn't grow up in you know, 100 00:04:46,480 --> 00:04:49,400 Speaker 5: the city, so that to me was, you know, a 101 00:04:49,440 --> 00:04:50,400 Speaker 5: forbidden store. 102 00:04:50,480 --> 00:04:52,160 Speaker 1: But you know, it's just it's really odd. 103 00:04:52,200 --> 00:04:54,880 Speaker 5: I guess I was only sort of allowed to shop 104 00:04:54,880 --> 00:04:57,000 Speaker 5: at the five and ten dollars rack, and so if 105 00:04:57,040 --> 00:04:59,159 Speaker 5: I got new clothes and it wasn't on that rack, 106 00:04:59,480 --> 00:05:03,560 Speaker 5: we weren't it. So it's definitely changed a lot as 107 00:05:03,560 --> 00:05:05,680 Speaker 5: I've grown up and started to earn my own money. 108 00:05:06,120 --> 00:05:08,520 Speaker 5: But you know, I guess that's just part of you know, 109 00:05:08,680 --> 00:05:10,839 Speaker 5: growing up and learning about the value of a dollar 110 00:05:10,880 --> 00:05:12,920 Speaker 5: and how you can how you can make your own way. 111 00:05:13,720 --> 00:05:17,000 Speaker 4: Wow. I love how comprehensive that was. I feel like 112 00:05:17,040 --> 00:05:19,239 Speaker 4: I really got to learn a lot about your money 113 00:05:19,320 --> 00:05:24,479 Speaker 4: journey through that description. So thank you. Next question is 114 00:05:24,520 --> 00:05:28,360 Speaker 4: what do you currently do for work and how much money. 115 00:05:28,040 --> 00:05:28,479 Speaker 1: Do you earn? 116 00:05:29,320 --> 00:05:32,599 Speaker 5: Yep, so I work in commercial property management and I 117 00:05:32,720 --> 00:05:35,279 Speaker 5: earn one hundred and seventeen thousand dollars a year. 118 00:05:35,600 --> 00:05:38,680 Speaker 4: What one hundred and seventeen grand a year. 119 00:05:39,040 --> 00:05:41,640 Speaker 5: Yes, and then sometimes I get a bonus, which I'm 120 00:05:41,839 --> 00:05:44,240 Speaker 5: hopefully waiting to find out if I get this year, 121 00:05:44,360 --> 00:05:46,120 Speaker 5: depending on the company's performance. 122 00:05:46,839 --> 00:05:49,760 Speaker 4: Oh my gosh. And no, you need a degree at all? 123 00:05:50,120 --> 00:05:51,760 Speaker 1: No, never went no you need degree? 124 00:05:52,320 --> 00:05:55,760 Speaker 4: Wasn't allowed to shop at Target? One hundred and seventeen grand? 125 00:05:56,720 --> 00:05:57,280 Speaker 1: Yes. 126 00:05:58,080 --> 00:05:58,800 Speaker 3: I love that. 127 00:05:58,880 --> 00:06:01,320 Speaker 4: I love that for you. I love the fact that 128 00:06:01,400 --> 00:06:05,000 Speaker 4: you are doing so well having come from a situation 129 00:06:05,279 --> 00:06:07,960 Speaker 4: where you weren't even surrounded by adults who taught you 130 00:06:08,000 --> 00:06:10,920 Speaker 4: what work ethic was like. That is that is really 131 00:06:10,960 --> 00:06:11,640 Speaker 4: impressive to you. 132 00:06:11,720 --> 00:06:14,359 Speaker 5: Proud of yourself, I am, and I think, you know, 133 00:06:14,440 --> 00:06:17,080 Speaker 5: I've always been a bit of an observer. So you know, 134 00:06:17,160 --> 00:06:19,159 Speaker 5: I would look at people that I went to school 135 00:06:19,160 --> 00:06:21,160 Speaker 5: with and their parents had money, and I would look 136 00:06:21,160 --> 00:06:23,479 Speaker 5: at the habits and things that they did versus the 137 00:06:23,520 --> 00:06:27,120 Speaker 5: people around me, and you know, it's really I just 138 00:06:27,200 --> 00:06:29,920 Speaker 5: kind of saw, well, you know, if people that had 139 00:06:29,960 --> 00:06:32,000 Speaker 5: no money all the time it were whinging about money, 140 00:06:32,200 --> 00:06:34,320 Speaker 5: they were also the ones that generally would you know, 141 00:06:34,400 --> 00:06:37,280 Speaker 5: maybe smoke or drink or gamble, and so I kind 142 00:06:37,279 --> 00:06:39,800 Speaker 5: of really drew the line of why that they were 143 00:06:39,839 --> 00:06:43,320 Speaker 5: in these situation, other people weren't and so I kind 144 00:06:43,320 --> 00:06:45,279 Speaker 5: of just thought, well, I want to follow the path 145 00:06:45,320 --> 00:06:47,560 Speaker 5: of people that are doing the smart thing, and that's 146 00:06:47,560 --> 00:06:49,719 Speaker 5: what I've always tried to do. So you know when 147 00:06:49,720 --> 00:06:51,960 Speaker 5: older people sit there and go, oh, back in my day, 148 00:06:52,000 --> 00:06:54,160 Speaker 5: how you know, I wish I'd bought this many houses. 149 00:06:54,200 --> 00:06:56,040 Speaker 5: So it was always a focus for me to get 150 00:06:56,080 --> 00:06:59,599 Speaker 5: into property because I could understand that there was value 151 00:06:59,640 --> 00:07:02,800 Speaker 5: there and that that's something that I wanted. And I 152 00:07:02,839 --> 00:07:06,440 Speaker 5: think because I didn't have a home as a child, 153 00:07:06,520 --> 00:07:09,080 Speaker 5: we moved around a lot, and I was in halfway 154 00:07:09,080 --> 00:07:12,760 Speaker 5: houses and refugees. Having a house was so valuable to me, 155 00:07:13,040 --> 00:07:16,000 Speaker 5: and I just I would have given the blood out 156 00:07:16,040 --> 00:07:18,200 Speaker 5: of my veins to get there, and I feel like 157 00:07:18,240 --> 00:07:18,880 Speaker 5: I nearly did. 158 00:07:19,280 --> 00:07:20,600 Speaker 1: It was hard. 159 00:07:21,120 --> 00:07:24,560 Speaker 3: That's such a grown up and mature perception for you 160 00:07:24,680 --> 00:07:26,760 Speaker 3: to have had when you were at school, to look 161 00:07:26,800 --> 00:07:31,120 Speaker 3: at the other kids and their parents and go, I 162 00:07:31,160 --> 00:07:34,000 Speaker 3: want that. I don't want this. And there's not a 163 00:07:34,000 --> 00:07:36,760 Speaker 3: lot of people that would have that kind of outlook 164 00:07:36,880 --> 00:07:39,600 Speaker 3: or ability to read that situation like that. I guess 165 00:07:39,600 --> 00:07:42,000 Speaker 3: it's just such a testament to what you went through 166 00:07:42,040 --> 00:07:44,960 Speaker 3: and how you got there, and it's so inspiring. I 167 00:07:45,040 --> 00:07:46,720 Speaker 3: hope that there's a lot of people listening that have 168 00:07:47,120 --> 00:07:50,040 Speaker 3: maybe in this situation at the moment that you've been through, 169 00:07:50,080 --> 00:07:51,640 Speaker 3: that can go actually, there's more than this. 170 00:07:52,320 --> 00:07:56,960 Speaker 4: I'm so impressed. I cannot tell you six figures, two houses, 171 00:07:57,320 --> 00:08:00,960 Speaker 4: and no university degree is a fee. But to then 172 00:08:01,040 --> 00:08:03,400 Speaker 4: put on top of that that no one taught you that, 173 00:08:03,600 --> 00:08:05,760 Speaker 4: and you had to learn that yourself, and you were 174 00:08:05,880 --> 00:08:09,120 Speaker 4: just so perceptive growing up that you knew you wanted that. 175 00:08:10,400 --> 00:08:12,800 Speaker 4: You are inspirational. I'm so impressed. 176 00:08:12,960 --> 00:08:13,280 Speaker 1: Thank you. 177 00:08:13,320 --> 00:08:16,040 Speaker 5: That's so sweet. I think I'm just really stubborn. So 178 00:08:17,200 --> 00:08:18,920 Speaker 5: but like. 179 00:08:19,240 --> 00:08:21,760 Speaker 4: It has a way that's not what stubborn would have 180 00:08:21,760 --> 00:08:22,040 Speaker 4: got me. 181 00:08:23,160 --> 00:08:25,120 Speaker 5: But I just like I used to get, you know, 182 00:08:25,200 --> 00:08:27,360 Speaker 5: I think because my family had such a bad reputation 183 00:08:27,440 --> 00:08:29,720 Speaker 5: growing up, like we were known as the house with 184 00:08:29,800 --> 00:08:31,840 Speaker 5: the police there all the time, and you know, like 185 00:08:31,960 --> 00:08:34,560 Speaker 5: just really and so I used to get you know, 186 00:08:34,880 --> 00:08:36,840 Speaker 5: people's mums would say, oh, I don't want you hanging 187 00:08:36,880 --> 00:08:39,640 Speaker 5: out with that person, and and so, and I used 188 00:08:39,640 --> 00:08:44,320 Speaker 5: to always get told that, you know, people would say, oh, 189 00:08:44,360 --> 00:08:45,920 Speaker 5: she's going to just be like her mom and have 190 00:08:45,960 --> 00:08:48,520 Speaker 5: lots of kids. And so I think there was this 191 00:08:48,640 --> 00:08:50,800 Speaker 5: fire in me that was like, screw you, I'm gonna. 192 00:08:50,640 --> 00:08:51,199 Speaker 1: Prove you wrong. 193 00:08:51,559 --> 00:08:52,440 Speaker 3: Yeah I don't want that. 194 00:08:52,679 --> 00:08:53,320 Speaker 1: I don't want that. 195 00:08:53,520 --> 00:08:55,440 Speaker 5: And I think it's you know, it's not about yeah, 196 00:08:55,440 --> 00:08:57,280 Speaker 5: how many kids you have, but like say, for my 197 00:08:57,400 --> 00:09:00,440 Speaker 5: family situation, there's six of us with four different and 198 00:09:00,520 --> 00:09:04,000 Speaker 5: that was the perception of coming you know, of lots 199 00:09:04,000 --> 00:09:08,840 Speaker 5: of nastiness as well. So yeah, it was just yeah, 200 00:09:08,880 --> 00:09:11,880 Speaker 5: I think it was a pure stubbornness and not wanting 201 00:09:11,920 --> 00:09:15,720 Speaker 5: people to know what was going on. So when so 202 00:09:15,800 --> 00:09:17,880 Speaker 5: my mom has a mental health issue and she threw 203 00:09:17,880 --> 00:09:21,440 Speaker 5: me out when I was seventeen, and the careers advisor 204 00:09:21,480 --> 00:09:23,480 Speaker 5: at school said to me, you know, now that you're 205 00:09:23,600 --> 00:09:26,800 Speaker 5: living with another family, maybe you should think about dropping 206 00:09:26,800 --> 00:09:30,200 Speaker 5: out of school. And he said to me, have you 207 00:09:30,240 --> 00:09:32,960 Speaker 5: considered being a flight attendant because you're very attractive and 208 00:09:32,960 --> 00:09:37,079 Speaker 5: you're the perfect height. And I was so angry and 209 00:09:37,240 --> 00:09:40,040 Speaker 5: so offended, and I mean, this is going back no 210 00:09:40,640 --> 00:09:42,400 Speaker 5: a little while now, and you'd never drew like they 211 00:09:42,400 --> 00:09:44,720 Speaker 5: would probably get fired for saying it these days. But 212 00:09:45,360 --> 00:09:48,640 Speaker 5: I remember thinking, there's no way I'm dropping out of school. 213 00:09:48,640 --> 00:09:50,679 Speaker 5: Now now that you've said that to me, I am 214 00:09:50,720 --> 00:09:54,920 Speaker 5: actually going to stay just because I was so annoyed, 215 00:09:54,960 --> 00:09:58,360 Speaker 5: and that anger just fueled me getting my HC. So 216 00:09:59,040 --> 00:10:03,400 Speaker 5: I worked to Joe and finished my HC and then 217 00:10:03,600 --> 00:10:06,360 Speaker 5: was able to save and go to. 218 00:10:06,320 --> 00:10:07,120 Speaker 1: Europe for a year. 219 00:10:07,960 --> 00:10:09,040 Speaker 4: Gosh. 220 00:10:09,080 --> 00:10:12,240 Speaker 5: And then when I got back from Europe, I moved 221 00:10:12,280 --> 00:10:14,560 Speaker 5: back in with my mum, which I didn't really want 222 00:10:14,600 --> 00:10:17,440 Speaker 5: to do because we don't really get along. And I 223 00:10:17,559 --> 00:10:20,520 Speaker 5: was so determined to save for my first property. I 224 00:10:21,400 --> 00:10:23,040 Speaker 5: so I was twenty two, I used to I was 225 00:10:23,080 --> 00:10:25,680 Speaker 5: earning seven hundred and fifty dollars a week after tax 226 00:10:26,679 --> 00:10:28,040 Speaker 5: and innings. 227 00:10:28,320 --> 00:10:29,199 Speaker 1: Yeah, it wasn't bad. 228 00:10:29,320 --> 00:10:33,960 Speaker 5: And I saved five hundred dollars a week for a 229 00:10:34,080 --> 00:10:35,720 Speaker 5: year because I didn't go out. 230 00:10:35,760 --> 00:10:37,240 Speaker 1: I didn't do anything because I. 231 00:10:37,280 --> 00:10:38,800 Speaker 4: Was so so determined. 232 00:10:38,960 --> 00:10:41,800 Speaker 5: I was so determined, But also I grew up with nothing, 233 00:10:41,960 --> 00:10:45,200 Speaker 5: so I was so used to sacrificing. That sacrifice to 234 00:10:45,280 --> 00:10:48,360 Speaker 5: me didn't feel like the biggest thing in the world, 235 00:10:48,480 --> 00:10:52,000 Speaker 5: because I've thought, well, if it's you know, a short 236 00:10:52,080 --> 00:10:55,280 Speaker 5: term pain for a long term gain. So I slept 237 00:10:55,320 --> 00:10:58,240 Speaker 5: in a bunk bed for a year and saved five 238 00:10:58,320 --> 00:11:00,520 Speaker 5: hundred dollars a week, and then got a second job 239 00:11:00,559 --> 00:11:03,720 Speaker 5: because I wasn't happy with how I'm impatient as well 240 00:11:03,760 --> 00:11:04,760 Speaker 5: as stubborn. 241 00:11:04,920 --> 00:11:07,520 Speaker 4: And I girls got greet. 242 00:11:08,840 --> 00:11:12,760 Speaker 5: I then bought my first property at twenty three for 243 00:11:13,840 --> 00:11:15,520 Speaker 5: two hundred and fifty five thousand. 244 00:11:15,760 --> 00:11:17,880 Speaker 1: It's now valued at five point fifty. 245 00:11:20,160 --> 00:11:22,760 Speaker 4: Oh my gosh, she's like a mogul. 246 00:11:22,880 --> 00:11:25,840 Speaker 1: Now, well, look I don't know about that. That was 247 00:11:25,880 --> 00:11:26,760 Speaker 1: not amount of time. 248 00:11:26,880 --> 00:11:30,160 Speaker 4: Mean, wait till you retire, you are going to have 249 00:11:30,240 --> 00:11:33,520 Speaker 4: this epic property portfolio. You're going to be making bank, 250 00:11:33,679 --> 00:11:35,760 Speaker 4: You're going to be going to Europe every year because 251 00:11:35,800 --> 00:11:37,760 Speaker 4: COVID will be done. It'll be so good. 252 00:11:38,040 --> 00:11:39,360 Speaker 1: Ah, that's the dream. 253 00:11:40,200 --> 00:11:42,560 Speaker 5: So yeah, I mean I think, yeah, there's been lots 254 00:11:42,600 --> 00:11:46,439 Speaker 5: of sacrifice. And while other people were, you know, when 255 00:11:46,480 --> 00:11:49,200 Speaker 5: we turned eighteen going out and drinking, I couldn't afford to. 256 00:11:49,760 --> 00:11:52,280 Speaker 5: And so this is before the time of internet banking. 257 00:11:52,360 --> 00:11:55,360 Speaker 5: I would put different money in different envelopes with different 258 00:11:55,440 --> 00:11:57,320 Speaker 5: labels about what I was and you know, which is 259 00:11:57,360 --> 00:11:59,719 Speaker 5: now what we do with all the accounts we have. 260 00:12:00,920 --> 00:12:02,720 Speaker 1: But I just got into really good habits. 261 00:12:02,760 --> 00:12:04,520 Speaker 5: I knew that I need to hear a roof over 262 00:12:04,520 --> 00:12:07,360 Speaker 5: my head, and I was very good at stretching a 263 00:12:07,400 --> 00:12:10,040 Speaker 5: dollar because I didn't have lots of dollars. 264 00:12:10,240 --> 00:12:13,000 Speaker 4: Yeah, but you'd also grown up knowing how to do that, 265 00:12:13,120 --> 00:12:17,160 Speaker 4: And I feel like people really underestimate having gone through 266 00:12:17,200 --> 00:12:20,600 Speaker 4: that and how resourceful you become and how you can 267 00:12:20,679 --> 00:12:24,160 Speaker 4: actually work it all out, whereas somebody who maybe hadn't 268 00:12:24,200 --> 00:12:27,240 Speaker 4: had that experience would be like, that's impossible. I could 269 00:12:27,280 --> 00:12:29,240 Speaker 4: never And you're like, well, you've never been put in 270 00:12:29,240 --> 00:12:31,760 Speaker 4: a situation where you've needed to be that resourceful, have you, 271 00:12:32,320 --> 00:12:34,800 Speaker 4: So I think it's really impressive that you're using it 272 00:12:34,840 --> 00:12:37,520 Speaker 4: to your advantage as well. Like, it's just it's so cool, 273 00:12:37,559 --> 00:12:39,920 Speaker 4: and we've gone so far off track the questions I 274 00:12:40,000 --> 00:12:43,000 Speaker 4: want to be asking you, But you are so interesting 275 00:12:43,040 --> 00:12:46,679 Speaker 4: and this story is so inspiring that I know nobody 276 00:12:46,760 --> 00:12:48,880 Speaker 4: listening is going to be mad at me, So hopefully 277 00:12:48,960 --> 00:12:52,360 Speaker 4: that's the case. I'm just assuming. So the next question 278 00:12:52,440 --> 00:12:55,800 Speaker 4: I have for you is what is currently your big 279 00:12:55,880 --> 00:12:56,480 Speaker 4: money goal? 280 00:12:57,640 --> 00:13:00,920 Speaker 1: So my big money goal I've just a chet this week. 281 00:13:01,920 --> 00:13:04,400 Speaker 5: So the property we've got at the moment is a 282 00:13:04,440 --> 00:13:09,040 Speaker 5: really old house and we're renovating it. And the bathroom 283 00:13:09,200 --> 00:13:11,920 Speaker 5: was just, oh I could I hate it even getting 284 00:13:11,920 --> 00:13:13,400 Speaker 5: ready in there, it was so awful. It was like 285 00:13:13,440 --> 00:13:18,120 Speaker 5: falling apart, so last year, I got a ten thousand 286 00:13:18,120 --> 00:13:21,160 Speaker 5: dollar tax return, so I put that in savings, well fancy, 287 00:13:21,559 --> 00:13:24,920 Speaker 5: and then I have been saving this year and we 288 00:13:25,080 --> 00:13:27,920 Speaker 5: just saved twenty thousand dollars to do a new bathroom. 289 00:13:27,640 --> 00:13:29,440 Speaker 1: Which should be finished this week. 290 00:13:29,640 --> 00:13:32,520 Speaker 5: But it's been just blood, sweat and tears to get 291 00:13:32,520 --> 00:13:36,240 Speaker 5: this bathroom finished. And who knew that they were so expensive? 292 00:13:36,320 --> 00:13:37,840 Speaker 5: And they are so warning to everyone. 293 00:13:38,320 --> 00:13:41,040 Speaker 4: Oh my gosh, I know, the second you start talking 294 00:13:41,080 --> 00:13:44,840 Speaker 4: about home things, it just spirals out of control. I 295 00:13:44,840 --> 00:13:46,920 Speaker 4: feel like you get a tax for that, and at 296 00:13:46,920 --> 00:13:49,080 Speaker 4: tax for weddings, like it just happens. 297 00:13:49,480 --> 00:13:50,320 Speaker 1: Definitely think it. 298 00:13:50,320 --> 00:13:52,559 Speaker 4: Would be that expensive because I've been to Bunnings. I've 299 00:13:52,559 --> 00:13:54,920 Speaker 4: looked at how much toilets are. Who would have thought 300 00:13:54,920 --> 00:13:56,880 Speaker 4: getting them actually installed is the price? 301 00:13:57,200 --> 00:14:00,880 Speaker 3: I know, But that's really exciting that you've actually just 302 00:14:00,960 --> 00:14:03,560 Speaker 3: met your big money goal. So onto the next one. 303 00:14:03,640 --> 00:14:04,480 Speaker 1: Onto the next one. 304 00:14:04,600 --> 00:14:07,720 Speaker 5: Yeah, So the next one will probably be I'm looking 305 00:14:07,760 --> 00:14:10,800 Speaker 5: at starting a business and I'm trying to just pull 306 00:14:10,880 --> 00:14:12,280 Speaker 5: together some capital to do that. 307 00:14:12,760 --> 00:14:15,480 Speaker 4: Oh my gosh, what's your business? Can it be? You? 308 00:14:15,960 --> 00:14:19,520 Speaker 5: So it's because I work in property. It's going to 309 00:14:19,520 --> 00:14:24,640 Speaker 5: be a property management like service. But more so to 310 00:14:25,200 --> 00:14:28,560 Speaker 5: holiday houses because that market is just exploding at the moment. 311 00:14:28,600 --> 00:14:32,520 Speaker 4: It's very smart. She's a genius, Tony. This woman has 312 00:14:32,560 --> 00:14:35,640 Speaker 4: already gone places and she's going to go more places. 313 00:14:35,880 --> 00:14:37,360 Speaker 1: Oh, yes, thank you. 314 00:14:37,920 --> 00:14:40,080 Speaker 4: I love it all right. So we already know you 315 00:14:40,120 --> 00:14:43,840 Speaker 4: have an investment property, But do you have any investments? 316 00:14:44,280 --> 00:14:47,400 Speaker 5: So I obviously have my Super, which, up until listening 317 00:14:47,440 --> 00:14:49,520 Speaker 5: to She's on the Money, I never considered as an investment. 318 00:14:49,560 --> 00:14:52,080 Speaker 5: But I've definitely become more interested in it, and I 319 00:14:52,200 --> 00:14:53,920 Speaker 5: now check in and I watch it and. 320 00:14:53,880 --> 00:14:55,280 Speaker 1: I understand it. 321 00:14:55,360 --> 00:14:58,360 Speaker 5: And so I have eighty thousand dollars in Super. 322 00:14:58,560 --> 00:15:01,120 Speaker 4: Oh that is so good for your age. 323 00:15:01,920 --> 00:15:04,880 Speaker 5: Well, I didn't realize, but I think it's. Yeah, the 324 00:15:04,920 --> 00:15:08,040 Speaker 5: average I wasn't sure about. So I didn't know that 325 00:15:08,080 --> 00:15:09,600 Speaker 5: it was good until you. 326 00:15:09,600 --> 00:15:12,400 Speaker 4: Mentioned that it was a really good amount of SUPER 327 00:15:12,520 --> 00:15:15,960 Speaker 4: to have. And I think that people underestimate how much 328 00:15:16,040 --> 00:15:19,200 Speaker 4: that they need. But for someone between the age of 329 00:15:19,280 --> 00:15:22,160 Speaker 4: twenty five and thirty four, the average balance for women 330 00:15:22,400 --> 00:15:26,120 Speaker 4: is thirty one thousand, six hundred, and you're running rings 331 00:15:26,160 --> 00:15:28,920 Speaker 4: around that like you're literally more than double that amount, 332 00:15:28,960 --> 00:15:32,160 Speaker 4: my friend. So when they say you've got enough in Super, 333 00:15:32,440 --> 00:15:35,040 Speaker 4: like you're kicking it. You're doing pretty well. 334 00:15:35,240 --> 00:15:35,520 Speaker 1: Well. 335 00:15:35,560 --> 00:15:37,560 Speaker 5: That's good to know because I was sort of like, 336 00:15:37,640 --> 00:15:39,400 Speaker 5: I don't know, I feel like I'm my own worst enemy. 337 00:15:39,400 --> 00:15:40,640 Speaker 1: I was like, oh, I wish it was one hundred, 338 00:15:41,680 --> 00:15:42,440 Speaker 1: and it will be. 339 00:15:42,840 --> 00:15:45,760 Speaker 4: I'm sure, especially with your salary and the contributions in 340 00:15:45,800 --> 00:15:48,600 Speaker 4: the next couple of years, it'll absolutely get to one hundred. 341 00:15:48,960 --> 00:15:51,920 Speaker 4: But I think it's also a testament to you because, 342 00:15:52,240 --> 00:15:54,760 Speaker 4: as you said, you've been working two jobs since the 343 00:15:54,800 --> 00:15:58,560 Speaker 4: age of seventeen, and in your lifetime, superannuation has always 344 00:15:58,600 --> 00:16:02,360 Speaker 4: been mandated, so you've been earning super arguably for a 345 00:16:02,400 --> 00:16:04,720 Speaker 4: lot longer period of time than most of us. 346 00:16:05,000 --> 00:16:05,360 Speaker 1: Yeah. 347 00:16:05,600 --> 00:16:07,880 Speaker 5: So I started working when I was thirteen, but I 348 00:16:07,960 --> 00:16:09,960 Speaker 5: used to get paid cash, so that probably didn't contribute 349 00:16:09,960 --> 00:16:13,840 Speaker 5: to my super But I also used to be self employed, 350 00:16:13,920 --> 00:16:16,480 Speaker 5: and I was religious about putting my own. 351 00:16:16,280 --> 00:16:17,600 Speaker 3: Superrec good most. 352 00:16:17,400 --> 00:16:19,920 Speaker 5: So well, and I think at the time I was 353 00:16:19,920 --> 00:16:22,120 Speaker 5: always like, oh, I resent putting this whatever it is 354 00:16:22,120 --> 00:16:26,280 Speaker 5: a week. But now that I, you know, am stepping 355 00:16:26,280 --> 00:16:28,120 Speaker 5: back and looking at it, I'm like, thank god past 356 00:16:28,240 --> 00:16:31,040 Speaker 5: me made that decision, because now present me is and 357 00:16:31,120 --> 00:16:35,120 Speaker 5: future maybe benefit from that. Yeah, And I also salary 358 00:16:35,160 --> 00:16:38,640 Speaker 5: sacrifice about thirty dollars a week into my super because honestly, 359 00:16:38,720 --> 00:16:42,080 Speaker 5: it's so important. And I see and again just by 360 00:16:42,280 --> 00:16:44,880 Speaker 5: you know, sheer observation. You see these women that are 361 00:16:45,200 --> 00:16:47,360 Speaker 5: you know, maybe they're divorced or they're single, or whatever 362 00:16:47,400 --> 00:16:50,520 Speaker 5: the case, and they're really struggling at the age of 363 00:16:50,560 --> 00:16:52,280 Speaker 5: you know, fifty five and they don't know what to do. 364 00:16:52,480 --> 00:16:54,080 Speaker 1: And I don't want to be one of those women. 365 00:16:54,560 --> 00:16:58,000 Speaker 4: Yeah, it's so important to realize that. I was speaking 366 00:16:58,000 --> 00:17:00,760 Speaker 4: to someone the other day about, you know, women and 367 00:17:00,840 --> 00:17:05,520 Speaker 4: poverty and getting towards retirement age. And here in Australia, 368 00:17:05,640 --> 00:17:09,879 Speaker 4: the biggest growing demographic of people becoming homeless a women 369 00:17:09,960 --> 00:17:13,040 Speaker 4: between the ages of fifty five and sixty five. And 370 00:17:13,119 --> 00:17:16,000 Speaker 4: I think that nobody thinks about that. And the reason 371 00:17:16,080 --> 00:17:18,199 Speaker 4: for that is everything you just said. It could be 372 00:17:18,240 --> 00:17:20,520 Speaker 4: they're going through divorce, you know, they might have lost 373 00:17:20,600 --> 00:17:26,240 Speaker 4: their partner, they are single and hadn't prioritized retirement. Yet. 374 00:17:26,480 --> 00:17:29,040 Speaker 4: There's a lot going on there that I think that 375 00:17:29,080 --> 00:17:31,480 Speaker 4: we pushed to the side and don't talk about because 376 00:17:31,480 --> 00:17:33,760 Speaker 4: you go, oh, it's all too hard, it's all too much. 377 00:17:33,880 --> 00:17:37,280 Speaker 4: But these women could have been, you know, in such 378 00:17:37,320 --> 00:17:39,639 Speaker 4: better positions if someone had kind of scooped them up 379 00:17:39,680 --> 00:17:42,159 Speaker 4: a couple of years ago when we were our ages 380 00:17:42,200 --> 00:17:45,440 Speaker 4: and said, all right, Tony, it's really important make sure 381 00:17:45,480 --> 00:17:48,560 Speaker 4: you're making superanuation contributions. Here's where you should be at, 382 00:17:48,600 --> 00:17:50,439 Speaker 4: here's where we need to go. This is what this 383 00:17:50,600 --> 00:17:53,800 Speaker 4: looks like, because that literally could have saved them from 384 00:17:53,840 --> 00:17:57,640 Speaker 4: the reality they're experiencing now. But right now we need 385 00:17:57,640 --> 00:18:00,000 Speaker 4: to do a lot about that. So you're absolutely right, 386 00:18:00,040 --> 00:18:02,320 Speaker 4: we don't want to get there. But I think it's 387 00:18:02,320 --> 00:18:05,359 Speaker 4: also important to acknowledge that right now, that's a really 388 00:18:05,400 --> 00:18:07,960 Speaker 4: big issue for us. That's a really big thing that 389 00:18:08,040 --> 00:18:10,320 Speaker 4: a lot of people are going through, but I don't 390 00:18:10,359 --> 00:18:12,440 Speaker 4: think is being spoken about nearly enough. 391 00:18:13,080 --> 00:18:15,960 Speaker 5: Yeah, and I think too many women. And this is 392 00:18:16,040 --> 00:18:20,240 Speaker 5: just like from my own personal experiences, I watched a 393 00:18:20,280 --> 00:18:23,399 Speaker 5: lot of women around me as a child just be 394 00:18:23,480 --> 00:18:27,280 Speaker 5: with men because it was easier than being alone. And 395 00:18:27,440 --> 00:18:32,760 Speaker 5: so my husband will tell you I'm so fiercely, annoyingly independent. 396 00:18:33,960 --> 00:18:37,040 Speaker 5: I'm like, you know, I when before we got married, 397 00:18:37,280 --> 00:18:40,800 Speaker 5: he signed a prenup because that property was mine and 398 00:18:41,080 --> 00:18:44,119 Speaker 5: so you know, and look, he's amazing, but I'm just 399 00:18:44,280 --> 00:18:46,600 Speaker 5: so I never want to rely on a man, and 400 00:18:46,680 --> 00:18:49,800 Speaker 5: if that means making personal contributions to my super now, 401 00:18:49,920 --> 00:18:52,560 Speaker 5: then so be it, because I never want to be 402 00:18:53,400 --> 00:18:55,679 Speaker 5: that woman, that spider monkey that goes from tree to 403 00:18:55,760 --> 00:18:58,760 Speaker 5: tree out of desperation of necessity. 404 00:18:59,280 --> 00:19:02,560 Speaker 4: Yeah, and I think that's really relevant as well. It 405 00:19:02,600 --> 00:19:04,840 Speaker 4: puts you back in the control seat, It puts you 406 00:19:04,920 --> 00:19:07,359 Speaker 4: back in power. And whether that is a man, a 407 00:19:07,400 --> 00:19:11,399 Speaker 4: situation of place, an employer, like having enough freedom of 408 00:19:11,560 --> 00:19:14,760 Speaker 4: choice is going to come down to your financial situation 409 00:19:15,320 --> 00:19:17,280 Speaker 4: and you're never going to be forced to do anything 410 00:19:17,280 --> 00:19:20,320 Speaker 4: you don't want to do if you've got funds behind you. That, 411 00:19:20,720 --> 00:19:22,879 Speaker 4: as much as it's not a nice reality, is the 412 00:19:22,920 --> 00:19:25,760 Speaker 4: real reality of what financial freedom can afford you. 413 00:19:26,359 --> 00:19:29,520 Speaker 1: Absolutely, And whether you like talking about money or it 414 00:19:29,520 --> 00:19:32,639 Speaker 1: makes you uncomfortable or whatever the situation, this is the 415 00:19:32,720 --> 00:19:35,320 Speaker 1: reason it's important, all those reasons you just mentioned. 416 00:19:35,440 --> 00:19:38,680 Speaker 4: Yeah, yeah, all right, back on the train of questions. 417 00:19:38,840 --> 00:19:40,840 Speaker 4: Do you currently have any debts? 418 00:19:41,400 --> 00:19:44,000 Speaker 5: I've got one thousand dollars owing on my credit card 419 00:19:44,560 --> 00:19:47,399 Speaker 5: and I'm sorry forgot to mention I've got two thousand 420 00:19:47,400 --> 00:19:49,919 Speaker 5: dollars worth of shares because I joined Raise thanks to you. 421 00:19:50,080 --> 00:19:51,920 Speaker 4: Oh yes, amazing. 422 00:19:52,440 --> 00:19:54,320 Speaker 5: So I'm trying to get my shares up, and I'm 423 00:19:54,320 --> 00:19:56,240 Speaker 5: trying to understand that as well. But yeah, no, not 424 00:19:56,280 --> 00:19:59,000 Speaker 5: many debts. Only yeah the thousand dollars credit card which. 425 00:19:58,800 --> 00:19:59,920 Speaker 1: Will be over soon. 426 00:20:00,480 --> 00:20:01,360 Speaker 4: And mortgages. 427 00:20:01,920 --> 00:20:04,760 Speaker 1: Oh of course, Well yes, so I have. 428 00:20:04,920 --> 00:20:08,159 Speaker 4: But that's constructive debt. That's not bad personal debt. So 429 00:20:08,200 --> 00:20:10,240 Speaker 4: I know why you didn't mention it. It's all good. I 430 00:20:10,280 --> 00:20:12,240 Speaker 4: still want to know about your more, Okay, I would 431 00:20:12,240 --> 00:20:14,359 Speaker 4: say heavy money, direst Okay, Well. 432 00:20:14,240 --> 00:20:16,840 Speaker 5: I told you that I bought a little villa when 433 00:20:16,880 --> 00:20:19,320 Speaker 5: I was twenty three, which I mentioned about what I paid, 434 00:20:19,400 --> 00:20:23,240 Speaker 5: what I was earning, and what it's worth now. So 435 00:20:23,480 --> 00:20:26,439 Speaker 5: when it was being rented out, when the property in 436 00:20:26,480 --> 00:20:28,480 Speaker 5: that area boomed, I wasn't living there at the time, 437 00:20:29,119 --> 00:20:33,399 Speaker 5: and it literally like doubled, and I was like, what 438 00:20:33,760 --> 00:20:35,119 Speaker 5: that area became cool? 439 00:20:35,200 --> 00:20:35,760 Speaker 1: Who knew? 440 00:20:36,280 --> 00:20:40,560 Speaker 5: So I went and met with a broker a few 441 00:20:40,640 --> 00:20:44,560 Speaker 5: years ago and I borrowed the equity. So I pulled 442 00:20:44,560 --> 00:20:47,480 Speaker 5: one hundred thousand dollars out of that because obviously it 443 00:20:47,520 --> 00:20:51,439 Speaker 5: had increased in value, and I refinanced the loan and 444 00:20:51,480 --> 00:20:54,440 Speaker 5: then bought another house, which is where we live now. 445 00:20:54,960 --> 00:20:58,760 Speaker 4: Oh my gosh, that is so good. Yes, so excited 446 00:20:58,800 --> 00:21:02,040 Speaker 4: for you, but also just like so unnecessarily proud. And 447 00:21:02,080 --> 00:21:05,280 Speaker 4: I say unnecessarily because like I am not allowed to 448 00:21:05,280 --> 00:21:06,760 Speaker 4: be proud of you because I had nothing to do 449 00:21:06,800 --> 00:21:08,840 Speaker 4: with your journey. I always say that. I'm always like, 450 00:21:08,880 --> 00:21:11,200 Speaker 4: oh my god, I'm so proud as if I contributed 451 00:21:11,280 --> 00:21:12,240 Speaker 4: in some way too. 452 00:21:12,440 --> 00:21:14,280 Speaker 5: I think it just shows that we have a great 453 00:21:14,320 --> 00:21:16,880 Speaker 5: community here. Like I'm proud of things that I hear 454 00:21:16,920 --> 00:21:20,680 Speaker 5: about on money diares of complete strangers and everyone. No, 455 00:21:20,840 --> 00:21:23,680 Speaker 5: I get goosebumps sometimes and I'm like, oh the fields. 456 00:21:23,840 --> 00:21:28,800 Speaker 4: Oh yeah, money diaries are literally my favorite. All right, 457 00:21:28,800 --> 00:21:32,040 Speaker 4: next question, do you use shot back? 458 00:21:32,760 --> 00:21:35,760 Speaker 5: I you know, I haven't, no, but I understand. I 459 00:21:35,760 --> 00:21:37,840 Speaker 5: think it could work. I think it's a great idea. 460 00:21:38,040 --> 00:21:39,920 Speaker 5: If I was going to buy something, I definitely would 461 00:21:40,000 --> 00:21:41,040 Speaker 5: use it. But no, not yet. 462 00:21:41,160 --> 00:21:45,560 Speaker 4: I feel like you're potentially too intelligent to shop online 463 00:21:45,560 --> 00:21:46,800 Speaker 4: in the same way that I do. 464 00:21:47,160 --> 00:21:51,480 Speaker 5: So do you know actually my shopping is actually, like 465 00:21:51,520 --> 00:21:53,199 Speaker 5: I said, it's taken me a long time to get 466 00:21:53,280 --> 00:21:57,320 Speaker 5: out of this like scarcity mindset. So and my husband's 467 00:21:57,320 --> 00:21:59,080 Speaker 5: like the exact opposite because he gret with money, so 468 00:21:59,400 --> 00:22:02,280 Speaker 5: his money's story is very different to mine. But when 469 00:22:02,359 --> 00:22:05,000 Speaker 5: we were buying a vacuum cleaner, I couldn't part with 470 00:22:05,040 --> 00:22:07,359 Speaker 5: seven hundred dollars for the Dison like I wanted to. 471 00:22:07,480 --> 00:22:10,080 Speaker 1: But I physically was like, oh, I was too scared. 472 00:22:10,600 --> 00:22:13,560 Speaker 5: So I bought this crappy little thing that was a 473 00:22:13,560 --> 00:22:16,280 Speaker 5: few hundred dollars cheaper and it was the worst, and 474 00:22:16,320 --> 00:22:18,800 Speaker 5: I ended up taking it back and upgrade into the Dison. 475 00:22:18,960 --> 00:22:20,800 Speaker 5: And my husband was like, I told you, so, buy 476 00:22:20,880 --> 00:22:23,520 Speaker 5: what you want the first time, buy quality the first time. 477 00:22:24,520 --> 00:22:27,119 Speaker 5: But I find myself doing that over and over, and 478 00:22:27,160 --> 00:22:28,880 Speaker 5: I keep thinking, learn the lesson. 479 00:22:29,800 --> 00:22:32,199 Speaker 4: Yeah, I feel like that is a good lesson. And 480 00:22:32,240 --> 00:22:35,919 Speaker 4: I guess it's one of those things that it's kind 481 00:22:35,960 --> 00:22:40,160 Speaker 4: of the circle of poverty in a way, right, because 482 00:22:40,560 --> 00:22:42,959 Speaker 4: you buy what you can afford, not going for the 483 00:22:42,960 --> 00:22:46,080 Speaker 4: best thing, and that might be you know, like school shoes, right, 484 00:22:46,160 --> 00:22:49,040 Speaker 4: So like the expensive school shoes. You remember the Harrison 485 00:22:49,119 --> 00:22:51,840 Speaker 4: school shoes that everybody had, the like really beautiful buckle 486 00:22:51,920 --> 00:22:54,720 Speaker 4: up ones with butterfly pattern. All right, Well you guys 487 00:22:54,800 --> 00:22:57,040 Speaker 4: might not, but I know everybody listening is going to 488 00:22:57,080 --> 00:22:59,320 Speaker 4: be like, yes, so were the only ones we could 489 00:22:59,359 --> 00:23:01,679 Speaker 4: have at school because like otherwise we weren't cool. 490 00:23:02,560 --> 00:23:03,480 Speaker 1: We weren't cool. 491 00:23:04,440 --> 00:23:07,439 Speaker 3: No, you're not telling me anything I do already. 492 00:23:09,119 --> 00:23:11,679 Speaker 4: I'm giving away my money story at the moment. But 493 00:23:12,080 --> 00:23:14,040 Speaker 4: it was really important to have those shoes. But they 494 00:23:14,040 --> 00:23:16,720 Speaker 4: were really good quality shoes, right, But if you compare 495 00:23:16,800 --> 00:23:19,119 Speaker 4: that to someone who maybe couldn't part with one hundred 496 00:23:19,160 --> 00:23:21,879 Speaker 4: and ten dollars for those shoes and they went to 497 00:23:21,960 --> 00:23:25,680 Speaker 4: kmart and got like twenty dollars school shoes, they might 498 00:23:25,720 --> 00:23:28,360 Speaker 4: have to buy those twenty dollars school shoes trials, yeah, 499 00:23:28,440 --> 00:23:31,520 Speaker 4: five or six times during the year, therefore costing them 500 00:23:31,560 --> 00:23:35,040 Speaker 4: more than what the initial investment of the more quality 501 00:23:35,080 --> 00:23:37,600 Speaker 4: shoes were. But they didn't have the capital at the 502 00:23:37,640 --> 00:23:41,119 Speaker 4: start to outlay that, and that's what potentially keeps people 503 00:23:41,240 --> 00:23:44,119 Speaker 4: in that cycle of you know, buying stuff that is 504 00:23:44,160 --> 00:23:46,560 Speaker 4: the cheapest, but trying to replace it because they don't 505 00:23:46,600 --> 00:23:48,720 Speaker 4: have the capital at the time. And I think it's 506 00:23:48,760 --> 00:23:51,679 Speaker 4: really nice to be able to afford right now, like 507 00:23:51,800 --> 00:23:54,439 Speaker 4: oh yeah, cool, I can afford the quality one. But 508 00:23:54,520 --> 00:23:56,399 Speaker 4: it's also one of those things that you go, oh 509 00:23:56,480 --> 00:23:59,480 Speaker 4: my gosh, like that's not something everyone can do, and 510 00:23:59,520 --> 00:24:02,480 Speaker 4: that's like, you know, a privilege of wealth, Like I'm 511 00:24:02,520 --> 00:24:04,520 Speaker 4: so grateful that I can go and I do the 512 00:24:04,560 --> 00:24:07,000 Speaker 4: same thing. And I'm so grateful that, you know, I 513 00:24:07,040 --> 00:24:09,320 Speaker 4: can go buy a dice and if I really really 514 00:24:09,400 --> 00:24:11,520 Speaker 4: need it. And I mean it's not like I go 515 00:24:11,560 --> 00:24:13,720 Speaker 4: and buy a new vacuum every year, like I've had 516 00:24:13,760 --> 00:24:16,119 Speaker 4: my most recent dice in for two years, and the 517 00:24:16,119 --> 00:24:18,480 Speaker 4: one before that I think was nearly ten years old. 518 00:24:18,920 --> 00:24:22,640 Speaker 4: But you buy quality and it lasts. But most people 519 00:24:23,119 --> 00:24:26,280 Speaker 4: who are in that situation, they just go, I can't 520 00:24:26,280 --> 00:24:28,240 Speaker 4: afford to just buy the quality one would love to. 521 00:24:28,560 --> 00:24:30,480 Speaker 4: So I don't know. For me, that was a really 522 00:24:30,520 --> 00:24:33,320 Speaker 4: good reflection point to go, how lucky are we like 523 00:24:33,440 --> 00:24:35,720 Speaker 4: to be able to now buy a dice in when 524 00:24:35,960 --> 00:24:38,520 Speaker 4: when you were younger that wouldn't have even been an option. 525 00:24:39,000 --> 00:24:41,000 Speaker 5: Yeah, And I used to it like it's funny the 526 00:24:41,000 --> 00:24:44,040 Speaker 5: things that we tell ourselves. So when I was younger, 527 00:24:44,080 --> 00:24:46,439 Speaker 5: I was in a completely different occupation and I was 528 00:24:46,480 --> 00:24:49,359 Speaker 5: on you know, like a much lower income, and I 529 00:24:49,480 --> 00:24:51,680 Speaker 5: used to tell myself these stupid things like when I'm 530 00:24:51,680 --> 00:24:53,840 Speaker 5: on fifty five thousand, then I'm going to buy that, 531 00:24:54,200 --> 00:24:56,680 Speaker 5: or when I'm on you know, and then I when 532 00:24:56,720 --> 00:24:59,120 Speaker 5: I set myself the goal of being on a six 533 00:24:59,160 --> 00:25:01,720 Speaker 5: figure salary. I would say like, oh, I'm going to 534 00:25:01,840 --> 00:25:03,399 Speaker 5: do X, Y and Z, and then I hit it 535 00:25:03,440 --> 00:25:06,000 Speaker 5: and I would move the goldpost again on myself. 536 00:25:05,600 --> 00:25:07,120 Speaker 1: And I was like, what am I doing. 537 00:25:07,960 --> 00:25:10,320 Speaker 4: It's so unfair on yourself, I. 538 00:25:10,280 --> 00:25:13,400 Speaker 1: Know, But anyway, it's what we do. Right. 539 00:25:13,440 --> 00:25:15,560 Speaker 4: Well, let's ask you, because that sounds like a not 540 00:25:15,680 --> 00:25:19,119 Speaker 4: good money habit. Let's ask you what your best money 541 00:25:19,160 --> 00:25:19,760 Speaker 4: habit is. 542 00:25:21,119 --> 00:25:25,080 Speaker 5: My best money habit is I'm very good at. And 543 00:25:25,080 --> 00:25:27,159 Speaker 5: this is gonna sound bad. I'm very good at going without. 544 00:25:27,359 --> 00:25:31,080 Speaker 5: So you know, if I have to stretch my pay 545 00:25:31,280 --> 00:25:34,240 Speaker 5: for a week or a fortnight or whatever, I kind 546 00:25:34,240 --> 00:25:36,560 Speaker 5: of hold out the cash flow of paying for certain 547 00:25:36,600 --> 00:25:38,560 Speaker 5: things and then so and I think that comes back 548 00:25:38,600 --> 00:25:41,800 Speaker 5: to not having that anxiety around not having money. But 549 00:25:41,840 --> 00:25:44,919 Speaker 5: I'm very good at prioritizing. I'm good at saving, and 550 00:25:45,000 --> 00:25:47,680 Speaker 5: I have probably over fifteen bank accounts where I divvy 551 00:25:47,800 --> 00:25:50,400 Speaker 5: up things and they're all labeled. And so the way 552 00:25:50,440 --> 00:25:52,000 Speaker 5: I sort of like to look at my money is 553 00:25:52,000 --> 00:25:53,919 Speaker 5: that each account is a bucket, and even if I 554 00:25:53,960 --> 00:25:57,160 Speaker 5: put one drop in that bucket a week, it'll eventually 555 00:25:57,200 --> 00:25:57,920 Speaker 5: get full of water. 556 00:25:58,720 --> 00:26:03,000 Speaker 4: Oh I love that. I haven't even considered it, Like, 557 00:26:03,600 --> 00:26:06,720 Speaker 4: I really like that mental space. I hope that a 558 00:26:06,760 --> 00:26:09,119 Speaker 4: lot of people can take something from that, because. 559 00:26:09,240 --> 00:26:11,560 Speaker 1: But you just don't realize exactly fill up. 560 00:26:11,520 --> 00:26:13,639 Speaker 4: At some point, how special. 561 00:26:13,920 --> 00:26:15,760 Speaker 3: I think all my buckets have holes in them. 562 00:26:17,400 --> 00:26:18,360 Speaker 1: You need new buckets. 563 00:26:19,600 --> 00:26:21,320 Speaker 4: I think some of us even need to just get 564 00:26:21,359 --> 00:26:25,679 Speaker 4: some buckets to begin with. Al Right, flip that. What 565 00:26:25,880 --> 00:26:27,480 Speaker 4: is your worst money habit? 566 00:26:28,760 --> 00:26:32,960 Speaker 5: It's probably that mentality thing about either like there's not 567 00:26:33,119 --> 00:26:37,320 Speaker 5: enough to go around, that scarcity thing. My husband's like, 568 00:26:37,440 --> 00:26:40,479 Speaker 5: just buy the damn shoes or you know whatever. So 569 00:26:40,720 --> 00:26:42,600 Speaker 5: I think it's a bit of that. And still sometimes 570 00:26:42,640 --> 00:26:46,000 Speaker 5: I find myself going for the cheaper option of things, 571 00:26:46,080 --> 00:26:48,240 Speaker 5: even though, like we just talked about with the dice 572 00:26:48,280 --> 00:26:50,760 Speaker 5: and all the shoes or whatever it might be. And 573 00:26:51,160 --> 00:26:54,200 Speaker 5: sometimes I have to really force myself to break that habit. 574 00:26:54,560 --> 00:26:56,560 Speaker 5: But then I feel really proud when I do, because 575 00:26:56,560 --> 00:26:59,240 Speaker 5: I'm like, I acknowledged I had that level of self awareness. 576 00:26:59,240 --> 00:27:01,720 Speaker 5: I acknowledge what I'm doing, and I changed the behavior 577 00:27:02,119 --> 00:27:03,439 Speaker 5: to then get a different result. 578 00:27:03,760 --> 00:27:07,760 Speaker 4: I love that. I just feel like you are so gritty, 579 00:27:08,000 --> 00:27:11,000 Speaker 4: like you just have so much grit about yourself, and 580 00:27:11,080 --> 00:27:13,040 Speaker 4: like that is that is a compliment If you've never 581 00:27:13,080 --> 00:27:15,960 Speaker 4: been called gritty before that It's like one of those 582 00:27:16,000 --> 00:27:19,080 Speaker 4: things that you know, if I'm anything, I hope that 583 00:27:19,160 --> 00:27:21,679 Speaker 4: I have more grit, Like I get up when you 584 00:27:21,720 --> 00:27:24,119 Speaker 4: know I'm pushed down, and I try and I try again, 585 00:27:24,160 --> 00:27:27,239 Speaker 4: and I'm tenacious, and I just I really respect what 586 00:27:27,240 --> 00:27:30,560 Speaker 4: you're doing and I think it's really inspirational. Oh all right. 587 00:27:31,000 --> 00:27:34,639 Speaker 4: So to summarize all of that, because we took the 588 00:27:34,720 --> 00:27:38,399 Speaker 4: long way around, what grade would you give yourself if 589 00:27:38,440 --> 00:27:40,280 Speaker 4: it forced you to give yourself a grade? 590 00:27:41,040 --> 00:27:44,720 Speaker 1: I would probably give myself an A. Ya. 591 00:27:45,119 --> 00:27:48,640 Speaker 5: I think that I can certainly acknowledge all the things 592 00:27:48,720 --> 00:27:51,679 Speaker 5: that I've done and where I've come from, but I 593 00:27:51,960 --> 00:27:54,280 Speaker 5: you know, I know there's still things to do. So 594 00:27:54,720 --> 00:27:57,000 Speaker 5: you know, there's like savings goals. I'm trying to get 595 00:27:57,000 --> 00:27:58,960 Speaker 5: my emergency fund up to a certain amount and things 596 00:27:59,000 --> 00:28:02,000 Speaker 5: like that. So yeah, i'd give myself an A with 597 00:28:02,160 --> 00:28:03,600 Speaker 5: room for a plus potential. 598 00:28:04,160 --> 00:28:04,639 Speaker 3: I love that. 599 00:28:04,760 --> 00:28:07,600 Speaker 4: I absolutely agree that you were a A. And I 600 00:28:07,720 --> 00:28:12,840 Speaker 4: have a few perfect questions in just a cheeky minute, 601 00:28:16,040 --> 00:28:19,520 Speaker 4: all right, So diving straight back into this. During the 602 00:28:19,680 --> 00:28:22,960 Speaker 4: questions that I was asking you before, you mentioned that 603 00:28:23,080 --> 00:28:26,119 Speaker 4: your partner grew up in wealth and you didn't. How 604 00:28:26,160 --> 00:28:29,120 Speaker 4: have you guys spoken about your money stories to get 605 00:28:29,160 --> 00:28:32,360 Speaker 4: on the same page because they were so variably different. 606 00:28:33,320 --> 00:28:34,280 Speaker 1: That's a great question. 607 00:28:34,440 --> 00:28:38,760 Speaker 5: So he was actually married before we were together, and 608 00:28:39,440 --> 00:28:41,840 Speaker 5: as a result of that had to enter into a 609 00:28:41,840 --> 00:28:44,160 Speaker 5: partner i'm agreement, which is similar to a bankruptcy. 610 00:28:44,280 --> 00:28:45,200 Speaker 4: Yeah. Wow. 611 00:28:45,520 --> 00:28:49,920 Speaker 5: So when we started dating, I was obviously aware of 612 00:28:49,960 --> 00:28:53,680 Speaker 5: the situation and that made me. It made me nervous, 613 00:28:53,680 --> 00:28:56,440 Speaker 5: but I just wanted to understand it and understand his 614 00:28:56,560 --> 00:28:59,800 Speaker 5: money story and understand how he spends money. But because 615 00:28:59,840 --> 00:29:02,320 Speaker 5: he grew up with money, his family was kind of 616 00:29:02,440 --> 00:29:04,040 Speaker 5: the opinion like, you just buy it and it makes 617 00:29:04,080 --> 00:29:06,280 Speaker 5: you happy, and he kind of that was just the 618 00:29:06,640 --> 00:29:11,520 Speaker 5: you know, the scenario. But when he was an adult, 619 00:29:11,880 --> 00:29:14,200 Speaker 5: you know, it was like if you buy it, but 620 00:29:14,240 --> 00:29:18,520 Speaker 5: then there might be finance attached or whatever, and I 621 00:29:18,520 --> 00:29:19,960 Speaker 5: I'm like, no, that is not. 622 00:29:20,000 --> 00:29:21,000 Speaker 1: How we're doing things. 623 00:29:22,160 --> 00:29:24,800 Speaker 5: So I was like, look, I would make me feel 624 00:29:24,800 --> 00:29:28,360 Speaker 5: comfortable if I could manage the money. So he's had 625 00:29:28,400 --> 00:29:30,160 Speaker 5: to work really hard to get out of that and 626 00:29:30,200 --> 00:29:31,320 Speaker 5: build up his credit rating. 627 00:29:31,360 --> 00:29:31,640 Speaker 1: Again. 628 00:29:32,560 --> 00:29:35,239 Speaker 5: Thankfully, he dated someone who had their own house and 629 00:29:35,400 --> 00:29:37,400 Speaker 5: is really savvy and you know. 630 00:29:37,600 --> 00:29:40,960 Speaker 4: So you said before, a man's not a financial plan, 631 00:29:41,080 --> 00:29:42,440 Speaker 4: but no one said a woman isn't. 632 00:29:43,600 --> 00:29:46,920 Speaker 5: That's it maybe, but look he's I think, yeah, we're 633 00:29:46,960 --> 00:29:49,880 Speaker 5: just we're both on the same page now. But sometimes 634 00:29:49,920 --> 00:29:52,280 Speaker 5: like I'll catch him doing something where he'll go, oh, 635 00:29:52,360 --> 00:29:54,640 Speaker 5: just buy it, and then I'm the exact opposit around 636 00:29:54,640 --> 00:29:57,040 Speaker 5: I'm like, no, I'll just wait. So we're kind of 637 00:29:57,120 --> 00:30:01,360 Speaker 5: like if I'm fire, he's water. So we it's really interesting, 638 00:30:01,400 --> 00:30:04,880 Speaker 5: but we've definitely we're on the same page about it. 639 00:30:04,960 --> 00:30:07,880 Speaker 5: But the bankruptcy and everything was really tough. 640 00:30:08,560 --> 00:30:11,240 Speaker 4: Wow, And how did you feel coming into that, Like 641 00:30:11,320 --> 00:30:14,440 Speaker 4: you mentioned before, you were a little apprehensive, But how 642 00:30:14,480 --> 00:30:18,160 Speaker 4: did you work your way through that? Because obviously would 643 00:30:18,160 --> 00:30:21,280 Speaker 4: have been a bit confronting having gone through, you know, 644 00:30:21,480 --> 00:30:24,080 Speaker 4: a lot of this growing up and knowing that money 645 00:30:24,160 --> 00:30:26,520 Speaker 4: wasn't in abundance, to then be faced with I don't 646 00:30:26,520 --> 00:30:29,280 Speaker 4: really like this guy, but am I going to go behind? 647 00:30:29,520 --> 00:30:31,280 Speaker 4: Like is that not what I want? 648 00:30:32,240 --> 00:30:32,480 Speaker 1: Yeah? 649 00:30:32,560 --> 00:30:36,000 Speaker 5: I think for me, it was about understanding everything. So 650 00:30:36,280 --> 00:30:38,360 Speaker 5: I wanted to understand the level of debt, where it 651 00:30:38,400 --> 00:30:43,480 Speaker 5: came from, you know, really Pervy wanted to understand. 652 00:30:43,000 --> 00:30:44,360 Speaker 1: What he was spending his money on. 653 00:30:44,440 --> 00:30:46,719 Speaker 5: Where it was going, where it was coming from, and 654 00:30:46,840 --> 00:30:48,920 Speaker 5: also we can like So we sat down, put a 655 00:30:48,920 --> 00:30:51,960 Speaker 5: plan together. We consolidated all of the debt. Then the 656 00:30:52,680 --> 00:30:55,720 Speaker 5: person whoever, like the entity is that negotiates it, tries 657 00:30:55,760 --> 00:30:57,840 Speaker 5: to get it down. And then he set a goal 658 00:30:57,880 --> 00:31:01,160 Speaker 5: of how long he wanted to paid off, and I 659 00:31:01,200 --> 00:31:03,400 Speaker 5: said we wouldn't get married until that was paid off. 660 00:31:04,120 --> 00:31:05,480 Speaker 4: So that's so good. 661 00:31:05,640 --> 00:31:08,840 Speaker 5: Yeah, so I think, you know, establishing the boundaries about 662 00:31:08,880 --> 00:31:12,560 Speaker 5: what does that look like for you, and he's done it. 663 00:31:12,600 --> 00:31:14,280 Speaker 5: But I think what the hard thing was is people 664 00:31:14,280 --> 00:31:17,200 Speaker 5: don't realize when you go through that. I remember him 665 00:31:17,200 --> 00:31:19,800 Speaker 5: going to get a phone plan at Telstra and you 666 00:31:19,840 --> 00:31:23,040 Speaker 5: can't even get a phone plan, so I had to 667 00:31:23,120 --> 00:31:25,239 Speaker 5: then get the phone plan in my name, which I 668 00:31:25,240 --> 00:31:26,880 Speaker 5: know a lot of people would cringe and say, you know, 669 00:31:26,920 --> 00:31:29,200 Speaker 5: you shouldn't do that, that's silly, But I certainly wouldn't 670 00:31:29,200 --> 00:31:31,000 Speaker 5: go get a car loan or anything but a phone plan. 671 00:31:31,080 --> 00:31:32,480 Speaker 1: I was happy to do. 672 00:31:32,600 --> 00:31:35,080 Speaker 4: Actually want to be able to call you. Yes, so 673 00:31:35,360 --> 00:31:37,320 Speaker 4: as much for me as it is for you. I 674 00:31:37,320 --> 00:31:37,640 Speaker 4: get that. 675 00:31:38,400 --> 00:31:41,120 Speaker 5: But yeah, it looked it was hard and it was challenging, 676 00:31:41,160 --> 00:31:44,160 Speaker 5: and we've certainly put it behind us. Now, but you know, 677 00:31:44,480 --> 00:31:47,200 Speaker 5: he isn't even on the house that we're we've got 678 00:31:47,240 --> 00:31:51,080 Speaker 5: now together, so we've got an agreement where he owns 679 00:31:51,160 --> 00:31:53,680 Speaker 5: forty percent of this house because I used my equity 680 00:31:53,760 --> 00:31:57,640 Speaker 5: so we didn't split it fifty to fifty. But he 681 00:31:58,080 --> 00:32:00,080 Speaker 5: still has something even though he's not on the d 682 00:32:00,120 --> 00:32:01,720 Speaker 5: because he couldn't go on the deed because. 683 00:32:01,480 --> 00:32:02,280 Speaker 1: Of his credit rating. 684 00:32:02,880 --> 00:32:03,120 Speaker 4: Yeah. 685 00:32:03,240 --> 00:32:06,440 Speaker 5: Wow, so it makes a huge impact. People don't realize. 686 00:32:06,520 --> 00:32:10,560 Speaker 5: You know, things you do when you're eighteen, and yeah, 687 00:32:10,640 --> 00:32:12,720 Speaker 5: it carries with you like a bad smell. 688 00:32:13,360 --> 00:32:15,640 Speaker 4: But it sounds like you guys have worked through it 689 00:32:15,720 --> 00:32:19,480 Speaker 4: and now you're married. That means he's out of that 690 00:32:19,560 --> 00:32:20,400 Speaker 4: deck completely. 691 00:32:20,440 --> 00:32:22,600 Speaker 1: It is. Yeah, that was the reward. 692 00:32:24,160 --> 00:32:26,600 Speaker 4: That's a pretty good reward. I'd be trying to lock 693 00:32:26,680 --> 00:32:30,840 Speaker 4: you down ASAC. Two. When did you guys get married? 694 00:32:31,120 --> 00:32:33,880 Speaker 1: At twenty seventeen, so we've been married four years nearly. 695 00:32:34,000 --> 00:32:38,760 Speaker 4: You're exciting and perfect questions Because weddings are really expensive, 696 00:32:39,160 --> 00:32:40,200 Speaker 4: how'd you budget for that? 697 00:32:41,400 --> 00:32:46,840 Speaker 5: So I didn't want a big, crazy wedding because I'd 698 00:32:46,920 --> 00:32:49,760 Speaker 5: rather go and travel. So we only spent seven thousand 699 00:32:49,760 --> 00:32:50,720 Speaker 5: dollars in our wedding, and. 700 00:32:50,640 --> 00:32:53,040 Speaker 1: Then we had that it's so good. It was really good. 701 00:32:53,040 --> 00:32:55,520 Speaker 5: We had a thirty thousand dollar honeymoon in the States, 702 00:32:55,960 --> 00:32:57,720 Speaker 5: so my wedding wasn't very expensive. 703 00:32:57,880 --> 00:32:58,440 Speaker 1: To answer your. 704 00:32:58,480 --> 00:33:02,520 Speaker 4: Question that though, because it goes and that's actually why 705 00:33:02,560 --> 00:33:04,480 Speaker 4: I was being really pervy. I was kind of like, 706 00:33:04,640 --> 00:33:07,960 Speaker 4: I reckon, she's had a really savvy wedding and prioritized 707 00:33:08,000 --> 00:33:11,760 Speaker 4: her values, and that's exactly what you did. I was. 708 00:33:12,000 --> 00:33:14,960 Speaker 4: I was being a little bit presumptuous there with that question. 709 00:33:15,040 --> 00:33:19,440 Speaker 4: You're right, Yeah, I was not wrong. Would you recommend 710 00:33:19,480 --> 00:33:21,880 Speaker 4: that Is there anything you would change about that process? 711 00:33:21,960 --> 00:33:24,240 Speaker 4: I feel like it's a good place for us to learn. 712 00:33:25,040 --> 00:33:27,560 Speaker 5: I feel like with my wedding, I mean I only 713 00:33:27,560 --> 00:33:30,320 Speaker 5: had a really small, intimate wedding of thirty people, so 714 00:33:30,360 --> 00:33:31,920 Speaker 5: we didn't spend a lot of money. So I guess 715 00:33:31,920 --> 00:33:33,600 Speaker 5: it depends on how big your family is and who 716 00:33:33,640 --> 00:33:36,320 Speaker 5: you want to calm and things like that. But the 717 00:33:36,360 --> 00:33:38,800 Speaker 5: only thing that and this is again a worse habit 718 00:33:38,840 --> 00:33:41,400 Speaker 5: of mine, is I think I can do everything. So 719 00:33:41,920 --> 00:33:46,760 Speaker 5: I catered my own wedding, and the morning of my wedding, 720 00:33:46,800 --> 00:33:50,320 Speaker 5: I was cooking, And I think if I could go 721 00:33:50,400 --> 00:33:52,480 Speaker 5: back again, I'd probably pay for some extra help. 722 00:33:53,240 --> 00:33:56,680 Speaker 4: Yeah, I feel like that's maybe a good hot tip. Yeah, 723 00:33:57,120 --> 00:33:58,320 Speaker 4: cater your own wedding. 724 00:33:58,840 --> 00:34:01,440 Speaker 5: Yes, so that's the only thing, because I think I 725 00:34:01,480 --> 00:34:03,840 Speaker 5: can do it all, and I can't because I'm human, 726 00:34:04,080 --> 00:34:06,160 Speaker 5: So I think that would be my only thing. If 727 00:34:06,200 --> 00:34:08,759 Speaker 5: you're going to do it yourself, Yeah, give yourself a 728 00:34:08,800 --> 00:34:11,000 Speaker 5: little bit of a break and get some help. 729 00:34:11,400 --> 00:34:14,320 Speaker 4: Yeah, cut yourself some slack at some point. I feel 730 00:34:14,320 --> 00:34:16,320 Speaker 4: like on the morning of your wedding, that's a really 731 00:34:16,360 --> 00:34:18,879 Speaker 4: good time to give yourself that slack as well. 732 00:34:18,880 --> 00:34:19,399 Speaker 1: That's right. 733 00:34:19,560 --> 00:34:22,960 Speaker 5: Yeah, but no, it's so interesting. I guess when something 734 00:34:23,080 --> 00:34:27,320 Speaker 5: happens to you financially, how it changes like your whole perception. 735 00:34:28,040 --> 00:34:30,360 Speaker 5: So a couple of years ago, I worked for a 736 00:34:30,480 --> 00:34:34,200 Speaker 5: company and that I was doing some property courses through them, 737 00:34:35,000 --> 00:34:38,440 Speaker 5: and they the last day of the course, they got 738 00:34:38,480 --> 00:34:40,160 Speaker 5: me to sign a contract to say if I left, 739 00:34:40,200 --> 00:34:42,600 Speaker 5: I would pay it back. And I thought it was 740 00:34:42,640 --> 00:34:44,600 Speaker 5: for the one course I was doing. And then when 741 00:34:44,600 --> 00:34:49,360 Speaker 5: I resigned six months later, they deducted five thousand dollars 742 00:34:49,400 --> 00:34:54,040 Speaker 5: from my last pay and I was left with two 743 00:34:54,160 --> 00:34:57,080 Speaker 5: hundred dollars for the month. And I will never forget 744 00:34:57,080 --> 00:34:59,480 Speaker 5: how that feels. And I fought it, and it's fine, 745 00:35:00,160 --> 00:35:02,120 Speaker 5: but I never want to be left in a situation 746 00:35:02,320 --> 00:35:04,879 Speaker 5: like that. So I had an emergency fund at the time, 747 00:35:05,400 --> 00:35:08,400 Speaker 5: but I think I just never wanted to give someone 748 00:35:08,400 --> 00:35:14,280 Speaker 5: else the power to control how I navigate my life through, 749 00:35:14,600 --> 00:35:18,080 Speaker 5: you know, feeding myself even Yeah. 750 00:35:18,200 --> 00:35:21,960 Speaker 4: So just though right, like, money is not just about 751 00:35:22,000 --> 00:35:26,080 Speaker 4: the luxuries. It's about the bare necessities and a main ranch. Yeah, 752 00:35:26,280 --> 00:35:29,399 Speaker 4: put food on the table. And I think so many 753 00:35:29,480 --> 00:35:33,000 Speaker 4: people forget the importance of it because it's such a 754 00:35:33,000 --> 00:35:34,759 Speaker 4: boring topic sometimes, or. 755 00:35:34,800 --> 00:35:36,319 Speaker 1: It's something I know, it's not. 756 00:35:38,640 --> 00:35:38,680 Speaker 5: You. 757 00:35:39,120 --> 00:35:42,040 Speaker 4: You can't preach to me like I obviously don't think. 758 00:35:41,840 --> 00:35:47,040 Speaker 5: It's a I have like a color coded Excel spreadsheet 759 00:35:47,080 --> 00:35:49,080 Speaker 5: and I'm like, how is this, how's this account going? 760 00:35:49,120 --> 00:35:50,000 Speaker 1: And if we offset this? 761 00:35:51,160 --> 00:35:53,759 Speaker 4: Oh my gosh, you are my spirit animals. Let me 762 00:35:53,800 --> 00:35:56,040 Speaker 4: know when you want to come out of commercial property 763 00:35:56,120 --> 00:35:57,879 Speaker 4: and join the She's on the money. 764 00:35:57,600 --> 00:36:01,240 Speaker 1: Team, an I am side hustle. 765 00:36:01,600 --> 00:36:04,920 Speaker 4: Oh my gosh, you'd be a really great financial advisor 766 00:36:05,000 --> 00:36:05,520 Speaker 4: as well. 767 00:36:05,920 --> 00:36:08,280 Speaker 1: It's funny, I hate maths, but I love money. 768 00:36:08,880 --> 00:36:11,000 Speaker 4: Oh my gosh, you don't have to do well at maths. 769 00:36:11,040 --> 00:36:14,480 Speaker 4: I'll be a good financial advisor, I promise you in fact, 770 00:36:14,600 --> 00:36:16,960 Speaker 4: you know how in grade twelve they're like, you really 771 00:36:16,960 --> 00:36:19,640 Speaker 4: need to be able to do these maths, the exams, 772 00:36:19,719 --> 00:36:23,880 Speaker 4: no calculators and no notes. I'm sorry, I'm a financial advisor. 773 00:36:24,120 --> 00:36:26,399 Speaker 4: I know have a calculator on my phone. I even 774 00:36:26,440 --> 00:36:29,000 Speaker 4: have Google on my phone. I don't need to know 775 00:36:29,040 --> 00:36:33,760 Speaker 4: your times tables. Tell me how compound interest works, Sharon, Right, Yeah, 776 00:36:33,880 --> 00:36:35,640 Speaker 4: I just want auto some in Excel, don't. 777 00:36:35,680 --> 00:36:36,640 Speaker 1: I don't care about anything. 778 00:36:36,920 --> 00:36:40,319 Speaker 4: Yeah, exactly. We have so many tools and resources now, 779 00:36:40,360 --> 00:36:42,520 Speaker 4: and don't get me wrong, there's obviously a lot when 780 00:36:42,560 --> 00:36:45,600 Speaker 4: it comes to finances and money and being able to 781 00:36:45,640 --> 00:36:48,560 Speaker 4: actually calculate it. But at the same time, it's one 782 00:36:48,560 --> 00:36:51,480 Speaker 4: of those things where it's actually less about the maths 783 00:36:51,520 --> 00:36:54,560 Speaker 4: and more about the planning of resources. And I think that, 784 00:36:55,000 --> 00:36:58,520 Speaker 4: you know, if anyone's thinking about it, financial advice is 785 00:36:58,560 --> 00:37:02,200 Speaker 4: a pretty sexy career. I think that is probably a 786 00:37:02,320 --> 00:37:05,640 Speaker 4: really great place to leave it. So Tony. As always, 787 00:37:05,960 --> 00:37:08,040 Speaker 4: just before we head off, we'd like to acknowledge and 788 00:37:08,160 --> 00:37:12,160 Speaker 4: pay respect to Australia's aboriginal and tourist rate islander people's. 789 00:37:12,400 --> 00:37:15,719 Speaker 4: They're the traditional custodians off the lands, the waterways and 790 00:37:15,760 --> 00:37:19,080 Speaker 4: the skies all across Australia. We thank you for sharing 791 00:37:19,200 --> 00:37:21,160 Speaker 4: and for caring for the land on which we are 792 00:37:21,200 --> 00:37:24,000 Speaker 4: able to learn. We pay our respects to elders past 793 00:37:24,080 --> 00:37:27,160 Speaker 4: and present, and we share our friendship and our kindness. 794 00:37:27,560 --> 00:37:30,040 Speaker 3: The advice shared on She's on the Money is generally 795 00:37:30,160 --> 00:37:33,480 Speaker 3: nature and does not consider any of your individual circumstances. 796 00:37:33,840 --> 00:37:36,880 Speaker 3: She's on the Money exists purely for educational purposes and 797 00:37:36,880 --> 00:37:39,160 Speaker 3: should not be relied upon to make an investment or 798 00:37:39,200 --> 00:37:42,960 Speaker 3: any financial decision. And we promise that Victoria Divine is 799 00:37:43,000 --> 00:37:47,520 Speaker 3: an authorized representative of Australia Pacific Funds Management Proprietary Limited 800 00:37:47,560 --> 00:37:50,200 Speaker 3: ABN three four one three two four six three two 801 00:37:50,200 --> 00:37:53,040 Speaker 3: five seven AFSL three three nine one five one. 802 00:37:53,239 --> 00:37:54,400 Speaker 4: See you next week, guys. 803 00:37:54,640 --> 00:37:54,839 Speaker 1: FAI