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Speaker 1: My name's Anatasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya

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Speaker 1: nianar Kaka yah y and beIN Ahaka nian our gay

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Speaker 1: In Mbina, yakarum jar, Dominyama, Domaga Ithawakaman, damon Imlan Bomber

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Speaker 1: bang Gadabomba in and now in wakah Ghana on yak

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Speaker 1: rum jar Watnadaa. Hello, beautiful friends, we gather on the

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Speaker 1: lands of the Aboriginal people. We thank acknowledge and respect

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Speaker 1: the Abiginal people's land that we're gathering on today. Take

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Speaker 1: pleasure in all the land and respect all that you see.

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Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

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Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money.

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

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Speaker 4: that lets you be pervy about other people's money habits

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

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Speaker 4: of our money Darius where we get to talk with

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Speaker 4: one of our incredible She's on the Money community members

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Speaker 4: all about their journey. Let's jump straight into it because

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Speaker 4: this week I got an email and it sounded exactly

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Speaker 4: like this, Dear She's on the Money, You guys completely

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Speaker 4: changed my life three exclamation points. Four years ago, I

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Speaker 4: was in the worst financial position I had ever been in.

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Speaker 4: My partner was super financially savvy, and I just felt

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Speaker 4: like a failure. I took it upon myself to change

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Speaker 4: my money story and get my shit together, which is

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Speaker 4: how I came across the She's on the Money podcast

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Speaker 4: and book. It was pretty overwhelming and confronting reading the

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Speaker 4: book and felt scary starting from scratch. However, four years later,

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Speaker 4: I am a completely different queen. I have eighteen thousand

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Speaker 4: dollars in long term savings, thirty four thousand dollars invested

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Speaker 4: in stocks, and it also started a side hustle to

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Speaker 4: earn some extra cash. Money diarist welcome to the show,

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Speaker 4: and I would say like, welcome to the community. But girl,

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Speaker 4: you've been here for four years.

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Speaker 2: Yes I have. And that I was like, oh, that

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Speaker 2: was my email.

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Speaker 4: You did a good job, queen.

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Speaker 2: Yes, well it has changed since that email, like I

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Speaker 2: think it's grown more as well. Like listening to that,

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Speaker 2: I was like, oh cool, it's come a long.

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Speaker 4: Way, she sounds like a cool chick. But also we've

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Speaker 4: done even more than that. Let's dive into it before

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Speaker 4: we get there. I have to ask if I asked

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Speaker 4: you to give yourself a money grade from A through

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Speaker 4: to air, what grade do you think you would give

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Speaker 4: yourself today?

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Speaker 2: I'd say probably a B plus because you know you

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Speaker 2: can always get better. Yeah, you can.

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Speaker 4: But I've got a lot to learn from you in

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Speaker 4: this episode, so we'll see how that stacks up by

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Speaker 4: the end of it. Can we go back? I want

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Speaker 4: to know a little bit more about your money story.

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Speaker 2: Yeah, yes, yes, long journey. I don't think I had

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Speaker 2: great role models growing up, so lots of debt and

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Speaker 2: gambling issues with my parents, and I guess I don't

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Speaker 2: ever remember having a conversation about money. I don't ever

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Speaker 2: remember having a conversation about savings. I don't remember having

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Speaker 2: a conversation about what you should do when you get

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Speaker 2: a job, or how to open a bank account, or yeah,

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Speaker 2: any of the things that I guess I realized that

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Speaker 2: I didn't know as I got older. So I think

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Speaker 2: I from the start, I never really had a great foundation,

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Speaker 2: And yeah, that's I guess how I ended up being

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Speaker 2: like four years ago. Yeah, having a hard look at

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Speaker 2: my accounts and being like, I think I probably need

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Speaker 2: to change some things.

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Speaker 4: Yeah, so fair, so talk to me. You said it

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Speaker 4: in your email and you're like, oh, my partner was

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Speaker 4: super financially savvy. And I just felt like it's failure

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Speaker 4: and the like there's no definition of failure. Like I'm

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Speaker 4: a very big believer in like, you haven't failed, you're

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Speaker 4: just starting here. But what contributed to that feeling?

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Speaker 2: I just think I was always stressed about money and

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Speaker 2: like not like necessarily paycheck to paycheck, but like almost

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Speaker 2: paycheck to paycheck, and like try and organize going on

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Speaker 2: our first international holiday and doing all of the things,

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Speaker 2: and like I was still at UNI, working like a

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Speaker 2: part time job and he was obviously working like full

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Speaker 2: time and you know, just very different positions, and I

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Speaker 2: guess I just felt, yeah, I was like, oh, I

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Speaker 2: don't think I can do all of the things that

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Speaker 2: he can do, and I wanted to be like equal,

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Speaker 2: you know, and contribute equally. So I guess that's why.

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Speaker 4: Yeah, yeah, that makes absolute sense. But like it's so

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Speaker 4: interesting asking that question of people, because to one person,

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Speaker 4: failure is oh well, actually I went through Drive through

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Speaker 4: this week three times, and then to other people, it's

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Speaker 4: like this feeling of like I'm behind and I'm you know,

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Speaker 4: not living paycheck to paycheck, but kind of nearly close

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Speaker 4: to other people, they're like, for me, I was in

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Speaker 4: forty thousand dollars worth of personal debt, and I was like,

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Speaker 4: you need to have a good, cold, hard look at

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Speaker 4: yourself Victoria divine. So it's just so interesting being like, well,

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Speaker 4: what does that mean, how does that work? Like what

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Speaker 4: does that feel like? Because it's just so different for everybody.

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Speaker 4: What was that like kick up the bumb moment where

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Speaker 4: you were like, I have to kind of get my

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Speaker 4: stuff together because I feel like we have lots of things.

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Speaker 4: Money is hard and like you know, if you're you know,

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Speaker 4: planning overseas holidays, you're like, oh, yeah, I'll get it

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Speaker 4: together when I get back, But like, why change?

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Speaker 2: I think? I remember we were sitting in the car

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Speaker 2: in my garage and I had we hadn't really spoken

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Speaker 2: about finances at all, and I just said, I think

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Speaker 2: like this holiday that we're you know, booking and is

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Speaker 2: like killing me financially. And I really wanted to do it,

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Speaker 2: but I obviously didn't probably think about it before saying yes,

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Speaker 2: and I think I didn't want to feel like that

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Speaker 2: ever again, Like I remember crying and feeling like, oh girl,

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Speaker 2: like you're gotta get your shit together, because you know,

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Speaker 2: I want to be able to do more than just

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Speaker 2: scrape through, you know. So I remember that feeling and

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Speaker 2: that conversation, and we both still remember it and we

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Speaker 2: look back, like obviously that was probably nearly five years ago,

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Speaker 2: and we look back and we're like, wow, it's so

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Speaker 2: different now, and it's.

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Speaker 4: Nice totally tell me a little bit more about like

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Speaker 4: that change, because I think a lot of people get

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Speaker 4: to that point and that's so relatable, like I need

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Speaker 4: to get it together. Where did you turn first? Because

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Speaker 4: I get that point. You probably hadn't heard of She's

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Speaker 4: on the Money, and we probably come a little bit later.

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Speaker 4: I feel like the gateway, like the gateway drug of

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Speaker 4: the finance communities Barefoot Investor. We all turned to him

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Speaker 4: and thanks Scottie Pape ten out of ten. But like,

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Speaker 4: what was your first experience of like trying to learn

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Speaker 4: a little bit more about financial literacy.

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Speaker 2: Yeah, that's so funny because my friend had read The

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Speaker 2: Barefoot Investor, and I remember going over and we had

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Speaker 2: a few wines and they were telling us about how

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Speaker 2: good this book was, and they were like, you've got

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Speaker 2: to open all these accounts, and you know, we had

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Speaker 2: had had a few wines. And then next thing I

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Speaker 2: remember in the mail, I had the I G bankus

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Speaker 2: coffy and I was like, I haven't even read the book.

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Speaker 4: That's fine, Like, I'm very excited that you fell into

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Speaker 4: the culture.

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Speaker 2: Oh I didn't even know. I did nothing with the accounts.

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Speaker 2: I just closed them after because I hadn't read the book.

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Speaker 2: So I was like, well, this is silly. No. I actually,

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Speaker 2: from that conversation in the car, I remember writing like

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Speaker 2: a long list of things in my life that I

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Speaker 2: wanted to change, and a lot of those things, you know,

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Speaker 2: stem from financial security. And you know, my partner had

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Speaker 2: read a lot of books, and I was like, I

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Speaker 2: just feel like I need to do it on my own,

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Speaker 2: Like I need to find my path it's going to

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Speaker 2: work for me.

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Speaker 4: Because yeah, your path isn't going to work for me.

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Speaker 2: Yeah, And I googled on Google at work female budgeting

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Speaker 2: tools or like female budget finance books that's literally and

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Speaker 2: you were.

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Speaker 4: Hey, And then I came up thank you my SEO

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Speaker 4: must be working.

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Speaker 2: And I was like, oh, okay, cool. I had a look.

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Speaker 2: I read the spiel and I was like yeah, okay,

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Speaker 2: and I started reading and then I basically just did

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Speaker 2: every single thing that you said to do in the book, yes,

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Speaker 2: from start to finish. I think I hyper fixated for

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Speaker 2: a bit.

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Speaker 4: Good because like I structured that book in such a

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Speaker 4: way that I was like, all right, so you've never

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Speaker 4: picked up a book before, this can't be overwhelming. At

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Speaker 4: the start. I have to make friends with the reader

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Speaker 4: or right, I have to make friends with you, money dires, like,

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Speaker 4: have to gain your trust, and then I have to

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Speaker 4: be like okay, cool. And I think in the book

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Speaker 4: I still and like I wrote it so long ago,

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Speaker 4: but I like literally recommend that you need a glass

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Speaker 4: of wine for the next bit. I'm like bab strapping

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Speaker 4: because we're going to an audit that like I give

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Speaker 4: you the worksheet to do it. I'm not like, oh,

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Speaker 4: just go and have a look at this. I'm like, no, no, no,

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Speaker 4: you're going to fill this in and I just I

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Speaker 4: hope it and it sounds like I did. I took

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Speaker 4: you on a journey of like discovering one thing and

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Speaker 4: another thing and then like, okay, cool, that's the next step.

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Speaker 2: And it was a definite snowball. The bank statement one

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Speaker 2: I remember like printing it at work because free printing.

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Speaker 2: I highlighted everything and I was like, oh my god,

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Speaker 2: it's really confronting, isn't it. Oh wait, I cried so hard.

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Speaker 4: I'm so sorry. I'm so sorry, but I promise I'm

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Speaker 4: here for you. Like sometimes we have to cry because

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Speaker 4: we're just feeling overwhelmed. But at the end of the day,

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Speaker 4: it's not good or bad. It's just like, hey, did

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Speaker 4: you realize this is where your money's going? And you're

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Speaker 4: probably like no, v I didn't have a clue.

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Speaker 2: I did not. And after that, I was like, okay, so.

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Speaker 4: Do you remember what the most confronting thing was like

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Speaker 4: seeing on your bank statement?

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Speaker 2: Not really, because I think it was probably just like

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Speaker 2: the unnecessary spending, the shopping, like the things that I

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Speaker 2: just really didn't need, and I was like, well, that's

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Speaker 2: where my money is like sitting there and like clothes

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Speaker 2: and bedding. I have a bedding obsession.

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Speaker 4: Oh you and Jessica Icci in our team love some

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Speaker 4: good bedding, Yeah, love some linen. And I was like

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Speaker 4: I don't know if I need that much bedding. Yeah,

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Speaker 4: it's really confronting when you look through your house and go, wow,

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Speaker 4: this all used to be money.

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Speaker 2: Yeah. Yeah, yeah, there's my gas bill in the cli

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Speaker 2: in the cupboard.

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Speaker 4: Yeah exactly, isn't it crazy? Well, I kind of love that.

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Speaker 4: But you have ended up in the right place, which

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Speaker 4: is a really good thing. I want to know more

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Speaker 4: about you personally though, to tell me what do you

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Speaker 4: do for work now and how much money do you earn?

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Speaker 2: Yes, I currently have true jobs, because you know why not.

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Speaker 2: In all my spare time, I work as a registered

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Speaker 2: nurse in a hospital. And I also have like a

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Speaker 2: office job that I had prior to graduating that just hey, really,

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Speaker 2: well not one hundred percent sure what I do there?

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Speaker 4: We use bop along.

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Speaker 2: Yeah, it's a great office job that lets you do you.

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Speaker 2: I love that because we can only work when you

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Speaker 2: first start as an urse, you can only work a

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Speaker 2: certain amount of hours. And I've obviously studied for like

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Speaker 2: three years, and I was like, well, I kind of

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Speaker 2: want to work full time. Like, I just budgeted my

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Speaker 2: ass off during this three years.

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Speaker 4: I did not do this bank account audit to only

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Speaker 4: have this income.

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Speaker 2: Yeah, and I was like, I kind of want to

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Speaker 2: be on a full time wage like as I and

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Speaker 2: I get the reasoning, like the burnout and stuff like that,

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Speaker 2: but I wasn't happy when I did my budget pre

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Speaker 2: starting with kind of what I thought it was going

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Speaker 2: to look like, and so I was going to quit

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Speaker 2: and then I decided not to and I work an

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Speaker 2: extra two days there.

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Speaker 4: Oh, very cool. So if we break it down how

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Speaker 4: many days and how much pay for each job, it's really.

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Speaker 2: Hard to like with the tax and the over time

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Speaker 2: with the nursing, it's so hard to work out. I

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Speaker 2: think I think it's about one hundred grand a year,

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Speaker 2: give or take pre tax. It's probably a bit more

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Speaker 2: with the overtime. I didn't I didn't account for that

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Speaker 2: in my budget because it's so flexible and it really

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Speaker 2: makes me uncomfortable, like not knowing her.

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Speaker 4: And you don't want to bank on that either. Yeah,

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Speaker 4: And I know that you read my book, so you

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Speaker 4: know that a lot of what I do is work

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Speaker 4: on your base income, work on what is contracted, like

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Speaker 4: what's in your in your contract. I think we should

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Speaker 4: be as a base and then anything above and beyond,

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Speaker 4: Like I won't say it's cream on top and you

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Speaker 4: can do what you want with it, because that's not

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Speaker 4: the point. But like anything on top, we will make

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Speaker 4: decisions with as it comes through, because I think a

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Speaker 4: lot of people, especially nurses, I've got a lot of

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Speaker 4: like locom teachers, people who are creatives, freelancers, Like you

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Speaker 4: just don't know what next month is going to look like,

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Speaker 4: Like you might end up doing keeps of overtime and

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Speaker 4: you're like fine with it, or you might be burnt

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Speaker 4: out and you're like, no, I can't take on any

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Speaker 4: more days. So you just don't know. But budget with

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Speaker 4: our base.

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Speaker 2: I did my budgets with my base. Yeah, budget from

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Speaker 2: the base from the registered nurse job and then from

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Speaker 2: the office job. It's obviously just the same.

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Speaker 4: Yeah okay, And what would you bring in on average

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Speaker 4: from the office job?

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Speaker 2: A fortnight it's after tax, like nine eighty. It's like

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Speaker 2: two days a week.

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Speaker 4: Yeah, very nice. So how many days are you doing

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Speaker 4: in the hospital, Like, if let's just pretend it's this week,

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Speaker 4: so four and then two and then you have one

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Speaker 4: day off. Yeah yeah, okay, cool, so you're still getting

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Speaker 4: a little bit of time. It's basically like you're a

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Speaker 4: real estate agent. They only get one day a week ish.

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Speaker 2: We'll sometimes split the shifts, so if I do like

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Speaker 2: an afternoon shift at the hospital, I will work in

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Speaker 2: the morning, log on for the day at my office shop,

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Speaker 2: and then go to the hospital after. So I still

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Speaker 2: get two days off a week, which is nice.

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Speaker 4: Are you always tired, because I feel like I would

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Speaker 4: always be tired.

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Speaker 2: Not really like I have my days Like if it's

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Speaker 2: really busy at the hospital, then yes, But honestly, the

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Speaker 2: office shop, I just sit at my desk. One day's

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Speaker 2: from home and one day's in the office, and it's

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Speaker 2: very nice.

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Speaker 4: See that blows my mind in the nicest way possible

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Speaker 4: that there are office jobs where you're like, yep, I

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Speaker 4: just like kind of do what I'm told when I can.

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Speaker 4: But it's like pretty lax. I can't think as a

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Speaker 4: small business owner, I would actually cry if people were

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Speaker 4: doing that in my business, Like whoa, I mean, pop off.

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Speaker 4: We won't name them, I won't name you, but you

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Speaker 4: know when you're just like wholy guacamole.

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Speaker 2: Yeah, they have a lot of full time stuff and

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Speaker 2: I'm kind of like the only one that does what

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Speaker 2: I do. But I think because it's either like higher

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Speaker 2: someone new and have to train them in everything that

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Speaker 2: I've learned, you know, in the last I think I've

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Speaker 2: been there five years or so, or just keep me.

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Speaker 2: I think easier choice was just to keep me.

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Speaker 4: So, hey, that's cute. We're going to use that for

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Speaker 4: as long as we can. So you're about one hundred

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Speaker 4: grand a year ish as an RN, and then I

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Speaker 4: would say about twenty five five thousand dollars per year

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Speaker 4: if you're nine eighty a fortnight as a office worker.

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Speaker 4: In addition, which brings you to about I would say

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Speaker 4: one twenty five per annum. And then I'm assuming you

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Speaker 4: have little top ups here and there from overtime from

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Speaker 4: the hospital, and we just make decisions along the way.

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Speaker 2: I think the one hundred grand would be including over time.

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Speaker 4: Okay, yeah, yeah, that works too, So let's just call

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Speaker 4: it one twenty five money win. And that is a

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Speaker 4: great place to be in. Tell me a little bit more,

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Speaker 4: because go like four years, eighteen grand in savings, thirty

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Speaker 4: four thousand dollars in the share market. Sorry, what are

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Speaker 4: your money goals? What are we working towards? Because you're

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Speaker 4: working hard.

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Speaker 2: Yeah, I'm working hard to retire early. That is my goal.

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Speaker 2: What does that mean? That means by my deadline's kind

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Speaker 2: of forty. Oh okay, but you know, if I could

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Speaker 2: do it earlier, that would be great. But I don't

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Speaker 2: know if I would ever completely finish. More on a

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Speaker 2: personal my brain would itself if I stayed home every

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Speaker 2: single day, but it be in the position at forty

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Speaker 2: to be like I could just work one day a fortnight,

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Speaker 2: or I could just do a shift here and there,

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Speaker 2: and I'd be so happy with that more just for

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Speaker 2: brain stimulation purposes. But I would love to retire by

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Speaker 2: forty and that's my goal.

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Speaker 4: And for those following along at the moment, our money

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Speaker 4: direst is twenty seven today, so that's exciting. Tell me

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Speaker 4: not today like it's not your birthday, but like as

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Speaker 4: well for recording, she's twenty seven, Happy birthday for whenever

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Speaker 4: your birthday is. That wasn't a criteria question. Twenty eight soon,

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Speaker 4: which is good, so you've got heaps of time, but

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Speaker 4: also like, at the same time, to achieve a retirement

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Speaker 4: by forty, you've got to be pretty aggressive. So tell

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Speaker 4: me a little bit about what that looks like. If

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Speaker 4: you've got one twenty five k coming in, what are

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Speaker 4: our investing in savings goals each week or each fortnite,

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Speaker 4: depending on how you get paid.

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Speaker 2: So I just work on my base salary for my budget,

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Speaker 2: and I think I am first not I think I

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Speaker 2: do a thousand a fortnite.

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Speaker 4: A thousand of Fortnite is so good.

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Speaker 2: I'm going for aggressive at the moment I used to

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Speaker 2: do when I was still at UNI, like the minimum.

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Speaker 2: I think I did like whatever my budget could allow,

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Speaker 2: which was like thirty dollars or something I could buy

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Speaker 2: like one share per Fortnite, And I was like, you.

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Speaker 4: Know what, but from little things, big things grow. Now

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Speaker 4: there's like thirty four thousand dollars in there, and if

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Speaker 4: you're doing one thousand dollars per Fortnite, that's like twenty

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Speaker 4: six thousand dollars a year. Be for real, Like that's

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Speaker 4: so good. Like imagine if we could go back and

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Speaker 4: tell baby you four years ago, by the way, not

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Speaker 4: only are you going to get this budget things sortaed,

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Speaker 4: you're going to be an investor and an aggressive one

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Speaker 4: and you're going to have retirement goals. You'll be like EO,

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Speaker 4: David Dues, Yeah, like what why would I do that

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Speaker 4: to myself?

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Speaker 2: I know? So I think that's the goal I save.

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Speaker 2: I have a long term savings that I do. It's

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Speaker 2: like a smaller amount because I decided to go more

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Speaker 2: aggressive with the investing and a little short term save

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Speaker 2: well for like things that just I want to buy

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Speaker 2: or come up or you know, spontaneous things.

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Speaker 4: Absolutely, I know we still budgeting for things like I

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Speaker 4: know you've got a partner. Are we budgeting for big

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Speaker 4: life events with your partner or holidays or like what

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Speaker 4: does that look like?

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Speaker 2: Yeah, that is an interesting question because we're not really

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Speaker 2: sure what it will look like. We're both very financially savvy,

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Speaker 2: so like having a wedding, a massive wedding, or spending

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Speaker 2: something like that or doesn't really align with us. Buying

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Speaker 2: a house just doesn't seem like something that we really

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Speaker 2: want to do anytime soon. We're really happy with renting

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Speaker 2: in the area that we want to live in, and

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Speaker 2: any extra cash just goes straight into investing, like any

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Speaker 2: overtime that I actually make, so I know what my

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00:18:47,840 --> 00:18:52,679
Speaker 2: base is, and then everything's automatically transferred, every pay straight

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Speaker 2: into the investment account. It comes straight out automatically invested.

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Speaker 2: All of it's invested into the different accounts automatically and

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Speaker 2: then any extra I see what I need that fortnite

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Speaker 2: is my short term looking a bit. You know, Hey,

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00:19:09,480 --> 00:19:10,040
Speaker 2: how are you going?

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Speaker 4: Oh yeah, yeah, and it can it can look a

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Speaker 4: little bit how you're going like mine does. Sometimes.

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Speaker 2: Yeah, if I've had like a few things, like you know,

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Speaker 2: events that I've had to buy gifts for or things

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Speaker 2: that I've needed, I'll top up that account with my overtime,

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Speaker 2: and then if I'm all good at that time, I'll

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Speaker 2: just chuck it straight into investing obsessed.

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Speaker 4: I love that. All right, let's go to a really

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00:19:35,400 --> 00:19:38,119
Speaker 4: quick break because on the flip side, I want to

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Speaker 4: know more about this investment portfolio. I'm going to make

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00:19:40,600 --> 00:19:42,399
Speaker 4: you break down the nitty gritty, so I hope you

396
00:19:42,400 --> 00:19:43,760
Speaker 4: are ready, and then we're going to talk about your

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Speaker 4: feelings about debt and then best and worse money habits.

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Speaker 4: So guys, don't go anywhere money direst We are back,

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00:19:52,960 --> 00:19:55,520
Speaker 4: and I am not done talking about investing with you.

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Speaker 4: I've gotten real pervy recently on people's investing portfolios and

401
00:20:00,240 --> 00:20:04,680
Speaker 4: want the tea. So let's rewind back to four years ago.

402
00:20:04,840 --> 00:20:08,439
Speaker 4: You probably didn't even think you'd start investing. What was

403
00:20:08,520 --> 00:20:12,080
Speaker 4: the I guess we've been talking about gateway drugs. What

404
00:20:12,160 --> 00:20:14,679
Speaker 4: was your gateway into investing? Like, why did you go?

405
00:20:14,920 --> 00:20:18,439
Speaker 2: That's for me, So it was probably largely related to

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00:20:18,480 --> 00:20:23,800
Speaker 2: my partner, who has invested for a long time, very savvy,

407
00:20:24,520 --> 00:20:28,520
Speaker 2: kind of introduced me to the world of investing. He

408
00:20:28,600 --> 00:20:31,240
Speaker 2: did make me do a bit of research and look

409
00:20:31,320 --> 00:20:34,679
Speaker 2: into a few things and good man, yeah, kind of

410
00:20:34,720 --> 00:20:38,480
Speaker 2: what I wanted to do. And then that's kind of

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00:20:38,520 --> 00:20:42,560
Speaker 2: how I started. Really. I trusted him and he was

412
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Speaker 2: open and showed his portfolio and just so I could

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Speaker 2: kind of see how it works and how growth works

414
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Speaker 2: and what the heck everyone's talking about and they talk

415
00:20:52,760 --> 00:20:57,120
Speaker 2: about investing or yeah, so that's kind of how I started.

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Speaker 2: I have read your investing book as well. Now I

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Speaker 2: don't think back then.

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Speaker 4: No, no, you wouldn't have want to pick that one up,

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00:21:03,720 --> 00:21:05,320
Speaker 4: do you know what. I kind of remember when it

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00:21:05,320 --> 00:21:06,840
Speaker 4: came out, if I'm being honest.

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00:21:06,760 --> 00:21:09,360
Speaker 2: Same, Yeah, I can't remember when when it came out,

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00:21:09,359 --> 00:21:12,200
Speaker 2: but I don't think it was out at the time

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Speaker 2: where I had maybe started.

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Speaker 4: Yeah, probably not. I have to google my own book.

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00:21:16,640 --> 00:21:19,399
Speaker 4: So Investing with Cheese on the Money came out in

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Speaker 4: I Believe twenty twenty three. Yes, so you definitely wouldn't

427
00:21:24,040 --> 00:21:25,919
Speaker 4: have been out yet. No, that's crazy that I had

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00:21:25,920 --> 00:21:27,720
Speaker 4: to google my own book. One out of ten cannot

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Speaker 4: recommend my brain at the moment, so tell me a

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Speaker 4: bit more. So you had a look and you were like, Okay, cool,

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00:21:34,640 --> 00:21:36,960
Speaker 4: this seems like a really good idea. How did you

432
00:21:37,000 --> 00:21:39,920
Speaker 4: purchase your first share? Did you download an investing platform first?

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00:21:40,000 --> 00:21:40,800
Speaker 4: Did you go direct?

434
00:21:40,920 --> 00:21:41,040
Speaker 2: Like?

435
00:21:41,080 --> 00:21:42,280
Speaker 4: What did that journey look like?

436
00:21:42,480 --> 00:21:46,399
Speaker 2: Yes? So I went through comm Sec comb Pocket or

437
00:21:46,440 --> 00:21:49,439
Speaker 2: one of those com sec or Comsect pocket, and I

438
00:21:49,560 --> 00:21:54,280
Speaker 2: just bought my first ETF share. We always laugh about

439
00:21:54,280 --> 00:22:01,200
Speaker 2: this because EFT is my contract at nursing and ETFs interesting,

440
00:22:01,200 --> 00:22:03,399
Speaker 2: and every time I go to say it, I'm like,

441
00:22:03,840 --> 00:22:05,080
Speaker 2: which one am I trying to say?

442
00:22:05,200 --> 00:22:07,560
Speaker 4: I love that. I remember way back in the day,

443
00:22:07,760 --> 00:22:10,919
Speaker 4: I was so nervous to do a speaking presentation on investing,

444
00:22:11,320 --> 00:22:13,639
Speaker 4: and I really hadn't thought enough about this. I was

445
00:22:13,680 --> 00:22:15,600
Speaker 4: so worried about like how I was presenting myself and

446
00:22:15,600 --> 00:22:17,520
Speaker 4: all of that other stuff. And then I realized when

447
00:22:17,520 --> 00:22:19,280
Speaker 4: I looked back at a clip the amount of times

448
00:22:19,320 --> 00:22:21,840
Speaker 4: I called it an EFT that's me. No, I was

449
00:22:21,880 --> 00:22:24,040
Speaker 4: meant to be the subject matter expert, and I was

450
00:22:24,080 --> 00:22:26,520
Speaker 4: calling it an EFT. So if anyone has that recording,

451
00:22:26,840 --> 00:22:29,040
Speaker 4: just delete it, like we're friends, Like you're meant to

452
00:22:29,040 --> 00:22:31,800
Speaker 4: have my back, Like let's bring it up again, because

453
00:22:31,920 --> 00:22:33,960
Speaker 4: I remember being mortified and being like I have to

454
00:22:34,040 --> 00:22:37,120
Speaker 4: leave the industry, Like I'm going to cancel myself. Yeah,

455
00:22:37,119 --> 00:22:41,880
Speaker 4: I quit the facts about those EFTs. Yeah they were right,

456
00:22:42,000 --> 00:22:45,760
Speaker 4: but they were about ETFs. So anyway, that's my Like

457
00:22:46,040 --> 00:22:49,000
Speaker 4: I don't have dyslexia. I have ADHD, but I'm pretty

458
00:22:49,040 --> 00:22:51,879
Speaker 4: sure they kind of go hand in hand. They have

459
00:22:51,960 --> 00:22:52,600
Speaker 4: to they do.

460
00:22:52,960 --> 00:22:55,439
Speaker 2: So every time I call it that, I laugh. But

461
00:22:55,480 --> 00:22:56,600
Speaker 2: it's ETF.

462
00:22:56,800 --> 00:22:59,359
Speaker 4: Who cares as long as you're investing, Like you know

463
00:22:59,400 --> 00:23:02,480
Speaker 4: what you meant? You know what you meant, didn't you? Yeah, exactly.

464
00:23:03,040 --> 00:23:06,679
Speaker 4: So you brought your first ETF? And why did you

465
00:23:06,680 --> 00:23:09,880
Speaker 4: pick that ETF? Was it because other people held it?

466
00:23:09,920 --> 00:23:11,720
Speaker 4: Was it because you thought it was a little bit sexy?

467
00:23:12,000 --> 00:23:15,439
Speaker 4: Like how did we pick? So my partner invests in

468
00:23:15,800 --> 00:23:16,920
Speaker 4: that ETF?

469
00:23:17,040 --> 00:23:17,560
Speaker 2: What is it?

470
00:23:17,760 --> 00:23:18,679
Speaker 4: Come on? Cough up?

471
00:23:18,680 --> 00:23:19,280
Speaker 2: Oh you want to know?

472
00:23:19,520 --> 00:23:20,679
Speaker 4: Oh yeah, of course I want to know.

473
00:23:20,880 --> 00:23:24,720
Speaker 2: NDQ So it's like the top tech companies in America

474
00:23:25,560 --> 00:23:28,200
Speaker 2: and yeah, I had to look at kind of what

475
00:23:28,440 --> 00:23:31,480
Speaker 2: companies they held, and there's a lot of things going

476
00:23:31,520 --> 00:23:34,800
Speaker 2: on with AI and tech in our day and age

477
00:23:35,040 --> 00:23:37,880
Speaker 2: in our society, and it just felt like a good fit.

478
00:23:38,440 --> 00:23:39,680
Speaker 2: It had really good growth.

479
00:23:39,840 --> 00:23:41,479
Speaker 4: It still does have really good growth.

480
00:23:41,600 --> 00:23:44,040
Speaker 2: Yeah, And I was just like, you know, this just

481
00:23:44,119 --> 00:23:47,399
Speaker 2: sounds good. And that's where I started. And I do

482
00:23:47,560 --> 00:23:51,159
Speaker 2: hold a bit of VHY. It's a high dividend paying

483
00:23:51,560 --> 00:23:54,159
Speaker 2: one kind of going back and forth of when I

484
00:23:54,200 --> 00:23:57,840
Speaker 2: do have kids and not working, maybe putting a chunk

485
00:23:57,840 --> 00:24:01,199
Speaker 2: of my portfolio in there to generate a bit of

486
00:24:01,200 --> 00:24:04,240
Speaker 2: an income. So I thought I'd maybe just see how

487
00:24:04,240 --> 00:24:06,560
Speaker 2: I feel I put a bit of money in there,

488
00:24:06,640 --> 00:24:10,080
Speaker 2: just to test the waders before I have kids.

489
00:24:10,440 --> 00:24:12,400
Speaker 4: You know, No, I really like it, and I think

490
00:24:12,440 --> 00:24:15,600
Speaker 4: it's one of those things where I like asking you, well,

491
00:24:15,640 --> 00:24:17,560
Speaker 4: what ETF did you pick? Not because I want other

492
00:24:17,560 --> 00:24:21,000
Speaker 4: people to replicate it, but it's usually reflective of your

493
00:24:21,080 --> 00:24:23,399
Speaker 4: values and what you're looking for and how that works.

494
00:24:23,400 --> 00:24:26,240
Speaker 4: So I was just like, NDQ, I believe, don't quote

495
00:24:26,240 --> 00:24:29,040
Speaker 4: me on this is the beta shares NASDAQ one hundred ETF,

496
00:24:29,119 --> 00:24:33,200
Speaker 4: So it's got the top one hundred American tech companies

497
00:24:33,200 --> 00:24:36,000
Speaker 4: in it, so like literally Alphabet, Apple, all those ones

498
00:24:36,040 --> 00:24:38,320
Speaker 4: that you can think of that would be pretty stereotypical.

499
00:24:38,520 --> 00:24:42,000
Speaker 4: And the performance on that has been very good. Was

500
00:24:42,040 --> 00:24:45,080
Speaker 4: that your first share like three or four years ago? Yeah,

501
00:24:45,080 --> 00:24:47,520
Speaker 4: three or four years ago, So you've probably seen astronomical

502
00:24:47,520 --> 00:24:50,040
Speaker 4: growth in that ETF, Like I believe if you like

503
00:24:50,160 --> 00:24:52,520
Speaker 4: zoom out, do not quote me on this, but I

504
00:24:52,560 --> 00:24:54,880
Speaker 4: know that I'm like very close to the mark. It's

505
00:24:54,920 --> 00:24:57,600
Speaker 4: had like one hundred percent return. So tell me what's

506
00:24:57,640 --> 00:24:59,840
Speaker 4: that share looking like in your portfolio in terms of

507
00:25:00,040 --> 00:25:00,760
Speaker 4: turn at the moment.

508
00:25:01,000 --> 00:25:02,240
Speaker 2: It's a good, real juicy.

509
00:25:02,480 --> 00:25:05,000
Speaker 4: It's looking pretty slick, and we're not promising that. It's

510
00:25:05,040 --> 00:25:09,040
Speaker 4: just so pervy to like get involved with what like

511
00:25:09,160 --> 00:25:11,320
Speaker 4: other people are doing, being like oh good, because you

512
00:25:11,359 --> 00:25:13,280
Speaker 4: can't replicate that. You can't go back in time and

513
00:25:13,280 --> 00:25:15,280
Speaker 4: purchase that share and get the same performance as our

514
00:25:15,359 --> 00:25:18,960
Speaker 4: money direst But like, look at her buying in line

515
00:25:19,000 --> 00:25:22,359
Speaker 4: with her values. That's so sexy because like for me

516
00:25:22,600 --> 00:25:25,160
Speaker 4: my first ETF, when I went into it, I wasn't

517
00:25:25,160 --> 00:25:27,639
Speaker 4: looking at a sector like you have. I was looking

518
00:25:27,680 --> 00:25:30,280
Speaker 4: at like a top five hundred because I wanted heaps

519
00:25:30,320 --> 00:25:33,560
Speaker 4: of diversification. But I want to know why people pick

520
00:25:33,600 --> 00:25:37,960
Speaker 4: these things, because these conversations drive your own narrative in

521
00:25:38,000 --> 00:25:40,840
Speaker 4: your mind of how you're then going to pick. You go, oh, interesting,

522
00:25:40,880 --> 00:25:42,960
Speaker 4: maybe I could pick a tech one. I love tech

523
00:25:43,040 --> 00:25:45,359
Speaker 4: like that makes me feel comfy. So anyway, thank you

524
00:25:45,359 --> 00:25:48,800
Speaker 4: for sharing that talk to me about income increases. If

525
00:25:48,840 --> 00:25:51,720
Speaker 4: you increase your income, is your plan to then just

526
00:25:51,800 --> 00:25:54,560
Speaker 4: aggressively invest more? Because at the moment, if I do

527
00:25:54,640 --> 00:25:57,720
Speaker 4: some calculations because I'm a creep, you said that you're

528
00:25:57,760 --> 00:26:00,879
Speaker 4: investing one thousand dollars per fortnite, and like, I've calculated

529
00:26:01,080 --> 00:26:03,520
Speaker 4: based on having thirty four thousand dollars today and then

530
00:26:03,520 --> 00:26:06,040
Speaker 4: one thousand dollars per fortnight moving forward and an average

531
00:26:06,080 --> 00:26:08,960
Speaker 4: rate of return of ten percent in twelve years. Because

532
00:26:08,960 --> 00:26:11,080
Speaker 4: you said I'm nearly twenty eight, so I was like, okay, cool,

533
00:26:11,480 --> 00:26:14,960
Speaker 4: there'll be thirty eight forty. You've got twelve years until

534
00:26:14,960 --> 00:26:18,440
Speaker 4: you quote retire. You'll have an investment portfolio worth about

535
00:26:18,720 --> 00:26:22,120
Speaker 4: seven hundred and eleven thousand dollars. What are you doing

536
00:26:22,160 --> 00:26:25,600
Speaker 4: around superannuation? Because that's good, but seven hundred and eleven

537
00:26:25,640 --> 00:26:27,479
Speaker 4: thousand dollars I feel like is not where you stop

538
00:26:28,200 --> 00:26:29,320
Speaker 4: when you're trying to retire.

539
00:26:29,520 --> 00:26:33,719
Speaker 2: No, my portfolio is now nearly at fifty five thousand.

540
00:26:34,640 --> 00:26:35,199
Speaker 2: Stop it.

541
00:26:35,359 --> 00:26:37,480
Speaker 4: So you wrote this in you said, yeap, I've got

542
00:26:37,480 --> 00:26:39,800
Speaker 4: thirty four thousand dollars and now it's fifty five thousand dollars.

543
00:26:40,160 --> 00:26:42,639
Speaker 4: I need to eat my words and do my maths again, queen.

544
00:26:42,800 --> 00:26:47,760
Speaker 2: Stop it. But Super is invested in high growth international

545
00:26:47,800 --> 00:26:53,240
Speaker 2: shares with Vanguard Super and that growth has been craikra

546
00:26:53,720 --> 00:26:56,720
Speaker 2: since I transferred it. I think it's been like a

547
00:26:56,800 --> 00:27:00,520
Speaker 2: year and it's done really good growth, which I know

548
00:27:00,640 --> 00:27:03,040
Speaker 2: it's a bit more risky because it's in the higher growth.

549
00:27:03,040 --> 00:27:05,520
Speaker 2: But I thought, well, you know, can't access it till

550
00:27:05,560 --> 00:27:09,359
Speaker 2: i'm sixty probably sixty eight at this rate. Yes, so

551
00:27:09,480 --> 00:27:11,159
Speaker 2: I thought, you know, in sixty eight, it's going to

552
00:27:11,200 --> 00:27:15,920
Speaker 2: ride so many waves of up and downs and we'll

553
00:27:15,960 --> 00:27:17,840
Speaker 2: see when it gets there. But I think it's got

554
00:27:17,840 --> 00:27:21,920
Speaker 2: around thirty thousand in it and that'll just keep going

555
00:27:21,960 --> 00:27:26,320
Speaker 2: up because I'm working full time now, and yeah, it's

556
00:27:26,359 --> 00:27:28,800
Speaker 2: a good amount that's going in. I keep an eye

557
00:27:28,880 --> 00:27:31,240
Speaker 2: on it just to make sure you know, everyone's paying

558
00:27:32,119 --> 00:27:33,159
Speaker 2: what they should be paying.

559
00:27:33,240 --> 00:27:35,879
Speaker 4: But it's important because some people skip that and then

560
00:27:35,880 --> 00:27:36,680
Speaker 4: it gets too late.

561
00:27:36,880 --> 00:27:40,119
Speaker 2: No, so that's not when I think about retiring. And

562
00:27:40,320 --> 00:27:43,840
Speaker 2: I don't even pencil that in because I really want

563
00:27:43,880 --> 00:27:46,800
Speaker 2: to retire a lot earlier than when they say that

564
00:27:46,880 --> 00:27:48,600
Speaker 2: you have to retire, because I don't think I'm going

565
00:27:48,640 --> 00:27:50,760
Speaker 2: to make it to sixty eight to work for the

566
00:27:50,800 --> 00:27:53,200
Speaker 2: rest of Yeah, between now and sixty.

567
00:27:52,920 --> 00:27:55,359
Speaker 4: Eight, that is so fair. Do you and your partner

568
00:27:55,400 --> 00:27:58,960
Speaker 4: have conversations around your investing strategy and what that looks like.

569
00:27:58,960 --> 00:28:00,840
Speaker 4: Like I know that you say, oh, we don't really

570
00:28:00,840 --> 00:28:03,199
Speaker 4: have any big goals of like, you know, a wedding

571
00:28:03,320 --> 00:28:05,720
Speaker 4: or buying a house or any of that. But does

572
00:28:05,760 --> 00:28:08,120
Speaker 4: he also have the goal of retiring by the time

573
00:28:08,119 --> 00:28:08,719
Speaker 4: you're forty?

574
00:28:09,000 --> 00:28:11,919
Speaker 2: He has the same goal as retiring early. And I

575
00:28:11,960 --> 00:28:15,880
Speaker 2: think when we think about that, we're very aligned on

576
00:28:16,160 --> 00:28:18,440
Speaker 2: our goals and what it looks like. And every time

577
00:28:18,480 --> 00:28:21,800
Speaker 2: I make a decision or I'm like, oh, you know,

578
00:28:21,840 --> 00:28:25,240
Speaker 2: when I started at the hospital and obviously my going

579
00:28:25,280 --> 00:28:27,840
Speaker 2: from like part time to like six days a week

580
00:28:27,880 --> 00:28:32,119
Speaker 2: of pay, he's my little financial advisor because I'm like,

581
00:28:32,359 --> 00:28:34,600
Speaker 2: you know, we're doing all the math and the budget

582
00:28:34,640 --> 00:28:37,679
Speaker 2: tools and the what does it look like if I

583
00:28:37,720 --> 00:28:39,840
Speaker 2: do X, I mean, what does it look like for

584
00:28:39,880 --> 00:28:42,920
Speaker 2: my portfolio if I go really aggressive, or if I

585
00:28:43,000 --> 00:28:45,560
Speaker 2: go middle, or if I go conservative. We did all

586
00:28:45,560 --> 00:28:49,920
Speaker 2: of the numbers and we landed on Yeah, thousand a fortnight.

587
00:28:50,000 --> 00:28:53,880
Speaker 2: There's probably still more wiggle room than I could probably do.

588
00:28:54,040 --> 00:28:55,800
Speaker 4: But you don't want to shoot yourself in the foot.

589
00:28:56,000 --> 00:28:58,000
Speaker 2: Yeah, I want to be realistic.

590
00:28:58,920 --> 00:29:01,720
Speaker 4: Yeah, yeah, I think that over committing means that you

591
00:29:01,760 --> 00:29:05,120
Speaker 4: would be consistently disappointed if you didn't meet the criteria,

592
00:29:05,400 --> 00:29:07,760
Speaker 4: whereas if you set something that's relatively reasonable. And you

593
00:29:07,760 --> 00:29:10,360
Speaker 4: know what, there are probably some people listening to this going, wow,

594
00:29:10,520 --> 00:29:13,240
Speaker 4: that's five hundred dollars a week that she's investing. That's

595
00:29:13,360 --> 00:29:14,520
Speaker 4: really unrelatable.

596
00:29:14,800 --> 00:29:18,080
Speaker 2: Yeah, it was unrelatable to me four years ago, but.

597
00:29:18,040 --> 00:29:21,120
Speaker 4: Like, that's just it. And I was reading the comments,

598
00:29:21,200 --> 00:29:23,040
Speaker 4: and you know, this is she's on the money, so

599
00:29:23,080 --> 00:29:24,880
Speaker 4: I'm very honest. But I was reading the comments the

600
00:29:24,920 --> 00:29:27,360
Speaker 4: other day on one of our investing diaries, and i'd

601
00:29:27,400 --> 00:29:31,280
Speaker 4: actually had one of my team members on the show, Brooke,

602
00:29:31,360 --> 00:29:34,480
Speaker 4: who had been talking about her investing journey. And she

603
00:29:34,600 --> 00:29:37,280
Speaker 4: invests about six hundred and eighty dollars a week and

604
00:29:37,320 --> 00:29:40,440
Speaker 4: she has two full time jobs as well. She's very

605
00:29:40,520 --> 00:29:43,200
Speaker 4: similar to you, and that she didn't come from good

606
00:29:43,200 --> 00:29:45,880
Speaker 4: financial literacy. She didn't have a leg up, she didn't

607
00:29:45,880 --> 00:29:48,000
Speaker 4: have parents who taught her how to invest, she didn't

608
00:29:48,040 --> 00:29:50,800
Speaker 4: have any of those benefits. Yes, I think that there's

609
00:29:50,840 --> 00:29:53,920
Speaker 4: a very broad conversation about, you know, just privilege. We

610
00:29:53,960 --> 00:29:56,280
Speaker 4: live in Australia. We have access to the ability to

611
00:29:56,320 --> 00:29:59,120
Speaker 4: do these things, and that's fantastic. But I would never

612
00:29:59,160 --> 00:30:01,320
Speaker 4: want to downplay the fact that no, no, no, you guys

613
00:30:01,360 --> 00:30:04,640
Speaker 4: are doing this yourselves, Like you are creating this financial

614
00:30:04,720 --> 00:30:06,920
Speaker 4: freedom on your own because you have the tools and

615
00:30:06,960 --> 00:30:10,000
Speaker 4: resources and you're harnessing them. For most people who are

616
00:30:10,040 --> 00:30:12,400
Speaker 4: just starting and maybe they're listening to this money Diary,

617
00:30:13,120 --> 00:30:16,600
Speaker 4: let's remember that this money Diarres literally was in quote

618
00:30:16,640 --> 00:30:19,240
Speaker 4: four years ago, the worst financial position of her life.

619
00:30:19,840 --> 00:30:22,120
Speaker 4: Like we're not talking about people where it's like, oh yeah,

620
00:30:22,160 --> 00:30:24,360
Speaker 4: but she has the free cash flow. I'm sorry and

621
00:30:24,400 --> 00:30:26,440
Speaker 4: I'm not trying to downplay it at all, but like

622
00:30:26,520 --> 00:30:29,200
Speaker 4: you have two very normal jobs. You're a nurse and

623
00:30:29,240 --> 00:30:31,080
Speaker 4: you have an office job. And the reason you keep

624
00:30:31,120 --> 00:30:33,600
Speaker 4: your office job is like you love the income coming in,

625
00:30:33,640 --> 00:30:36,400
Speaker 4: you love the freedom you're creating for yourself. This isn't

626
00:30:36,480 --> 00:30:39,280
Speaker 4: like out of reach. It's unrelatable because you're not doing

627
00:30:39,280 --> 00:30:42,520
Speaker 4: it right now, but it's not unobtainable. Which I think

628
00:30:42,600 --> 00:30:45,400
Speaker 4: is the coolest part of it. At what point did

629
00:30:45,440 --> 00:30:49,000
Speaker 4: you realize, holy gacamole, I'm doing it myself, Like this

630
00:30:49,040 --> 00:30:51,240
Speaker 4: is actually a reality. It's not like I have four

631
00:30:51,320 --> 00:30:54,480
Speaker 4: hundred dollars in shares and like, oh, I could leave it.

632
00:30:54,600 --> 00:30:57,000
Speaker 4: Maybe at what point where you're like, hold on, hold on.

633
00:30:57,520 --> 00:31:01,000
Speaker 2: I still log onto my APPP and I'm like, wooll

634
00:31:01,080 --> 00:31:03,960
Speaker 2: jump scar well because I'm like, there's no way that

635
00:31:03,960 --> 00:31:07,560
Speaker 2: that's mine. And I did that. So I think I'm

636
00:31:07,680 --> 00:31:11,440
Speaker 2: very grateful for how far I've come. I'm grateful really

637
00:31:11,480 --> 00:31:13,959
Speaker 2: to my partner for helping me. I'm grateful for you

638
00:31:14,000 --> 00:31:16,479
Speaker 2: guys for your book. I used to read all of

639
00:31:16,520 --> 00:31:21,920
Speaker 2: the Facebook money wins and all of the little hacks

640
00:31:22,240 --> 00:31:25,760
Speaker 2: the budgets. I have everything down to the dollar, you know,

641
00:31:25,840 --> 00:31:28,560
Speaker 2: Like my budget is just so every single thing that

642
00:31:28,600 --> 00:31:31,080
Speaker 2: comes out of my account is accounted for. And I

643
00:31:31,120 --> 00:31:33,520
Speaker 2: couldn't have done it without sacrifice. I had to sacrifice,

644
00:31:34,160 --> 00:31:36,480
Speaker 2: you know. I went to UNI and worked part time,

645
00:31:37,120 --> 00:31:40,000
Speaker 2: and during that time a lot of my friends bought houses,

646
00:31:40,120 --> 00:31:45,080
Speaker 2: and you know, we're working full time jobs. So you know,

647
00:31:45,320 --> 00:31:48,040
Speaker 2: I am a bit older as well, like you know,

648
00:31:48,280 --> 00:31:51,000
Speaker 2: at twenty eight to finish UNI, or like last year

649
00:31:51,200 --> 00:31:54,160
Speaker 2: twenty seven, and a lot of them had been working

650
00:31:54,200 --> 00:31:56,880
Speaker 2: their full time jobs for already three to four years

651
00:31:56,880 --> 00:31:59,520
Speaker 2: and are buying houses now. So you know, it took

652
00:31:59,560 --> 00:32:01,800
Speaker 2: a lot of sacrifice for me to go back to

653
00:32:01,920 --> 00:32:07,800
Speaker 2: UNI and go, yeah, to have the vision and yeah,

654
00:32:07,880 --> 00:32:08,840
Speaker 2: to get where I am now.

655
00:32:09,000 --> 00:32:12,400
Speaker 4: It did stop going their bed bathroom table. Oh no,

656
00:32:12,480 --> 00:32:14,760
Speaker 4: don't do that to me. I really like bed bathroom table.

657
00:32:14,920 --> 00:32:17,680
Speaker 4: I'm my girlfriend. It's coming up to Christmas time soon,

658
00:32:18,120 --> 00:32:21,880
Speaker 4: and like their Christmas range, Oh sorry, it's a slippery slope.

659
00:32:21,920 --> 00:32:23,400
Speaker 4: So we just don't go there anymore.

660
00:32:23,520 --> 00:32:26,160
Speaker 2: And I have really good self control. I remember you

661
00:32:26,240 --> 00:32:29,000
Speaker 2: saying I think on a podcast episode that you put

662
00:32:29,040 --> 00:32:33,400
Speaker 2: twenty four hours between you and a purchase, and I

663
00:32:33,480 --> 00:32:35,880
Speaker 2: do that sometimes where I'm like, okay, it's been three weeks.

664
00:32:36,200 --> 00:32:36,720
Speaker 4: How good is that.

665
00:32:36,880 --> 00:32:38,640
Speaker 2: I don't know if she meant I need to put

666
00:32:38,680 --> 00:32:41,280
Speaker 2: this much time between a purchase, but no, no, no.

667
00:32:41,240 --> 00:32:43,080
Speaker 4: That's better, bab. But I just have a lack of

668
00:32:43,160 --> 00:32:46,080
Speaker 4: impulse control, so twenty four hours is the minimum. The

669
00:32:46,160 --> 00:32:48,080
Speaker 4: longer you can stretch it, the more you know whether

670
00:32:48,080 --> 00:32:50,520
Speaker 4: you want it or not. Three weeks queen behavior.

671
00:32:50,640 --> 00:32:53,480
Speaker 2: Yeah. I remember I was sitting there looking at this

672
00:32:53,560 --> 00:32:55,520
Speaker 2: pair of Ugbroots and I was like, oh, I really

673
00:32:55,560 --> 00:32:58,360
Speaker 2: want some Ugbroots for winter. And I was like, I

674
00:32:58,520 --> 00:33:02,080
Speaker 2: just don't know if I can, like, you know, justify

675
00:33:02,360 --> 00:33:05,080
Speaker 2: they are kind of expensive for slippers, and I was like,

676
00:33:05,280 --> 00:33:08,360
Speaker 2: you know, I'm just gonna wait. I waited like five

677
00:33:08,440 --> 00:33:11,720
Speaker 2: weeks and then I was like, you know what, I'm

678
00:33:11,760 --> 00:33:13,280
Speaker 2: going to just see how I feel when I log

679
00:33:13,360 --> 00:33:15,920
Speaker 2: back onto the page. And then they were on sale. Ah.

680
00:33:16,120 --> 00:33:18,320
Speaker 4: See, good things happened to good people.

681
00:33:18,080 --> 00:33:20,360
Speaker 2: Baby, And I was like, see I waited and I

682
00:33:20,440 --> 00:33:23,720
Speaker 2: got the sale price. So yeah. I changed my whole

683
00:33:23,720 --> 00:33:28,120
Speaker 2: attitude on that as well, like the spending and going out,

684
00:33:28,240 --> 00:33:30,640
Speaker 2: like not that I really dined out too much, but

685
00:33:31,480 --> 00:33:35,120
Speaker 2: just yeah, my values had to shift to remember what

686
00:33:35,360 --> 00:33:38,760
Speaker 2: I want to do, and that's retire and not have

687
00:33:38,920 --> 00:33:42,080
Speaker 2: to work for the rest of my life. And I

688
00:33:42,400 --> 00:33:46,080
Speaker 2: remember that when I think about why I'm investing aggressively,

689
00:33:46,280 --> 00:33:48,160
Speaker 2: it's for that reason, you know. Yeah.

690
00:33:48,200 --> 00:33:51,160
Speaker 4: And it's funny because you just said you know, I'm

691
00:33:51,200 --> 00:33:53,120
Speaker 4: so grateful for my partner, and I'm so grateful for

692
00:33:53,160 --> 00:33:55,160
Speaker 4: all of these other things, but like you didn't mention

693
00:33:55,320 --> 00:33:57,880
Speaker 4: you and like, at the end of the day, you

694
00:33:57,920 --> 00:33:59,800
Speaker 4: can lead a horse to water, but you can't make

695
00:33:59,840 --> 00:34:02,520
Speaker 4: them drink. I can throw and I do. I'm so

696
00:34:02,640 --> 00:34:07,560
Speaker 4: aggressive about it. I'm like so female, financially empowered. Like

697
00:34:07,600 --> 00:34:09,880
Speaker 4: I'm just like, okay, cool, anyone can do it. Like

698
00:34:10,120 --> 00:34:12,000
Speaker 4: you know, you combat me and come to me and

699
00:34:12,040 --> 00:34:14,319
Speaker 4: be like, well that's unrealistic. I'm like, sit down, it's

700
00:34:14,320 --> 00:34:16,200
Speaker 4: not unobtainable. This is how we're going to do it.

701
00:34:16,280 --> 00:34:17,799
Speaker 4: Like I want you to be able to do it,

702
00:34:17,840 --> 00:34:21,120
Speaker 4: but it is uncomfortable. You have to do the work.

703
00:34:21,160 --> 00:34:23,440
Speaker 4: And you said at the start of this episode, and

704
00:34:23,480 --> 00:34:26,200
Speaker 4: like I think that this is where I'm obsessed with

705
00:34:26,239 --> 00:34:28,880
Speaker 4: this money diary. You said at the start. Look, Va,

706
00:34:28,920 --> 00:34:30,600
Speaker 4: I read your book and I did the bank account

707
00:34:30,640 --> 00:34:32,920
Speaker 4: order and I cried, Like it was so confronting and

708
00:34:33,000 --> 00:34:35,880
Speaker 4: so hard. I did not promise that this journey was

709
00:34:35,920 --> 00:34:38,200
Speaker 4: going to be easy, but I did promise that it

710
00:34:38,239 --> 00:34:41,120
Speaker 4: would be rewarding, and now you were reaping the rewards.

711
00:34:41,480 --> 00:34:42,960
Speaker 4: But like you got to put in the work you've

712
00:34:43,000 --> 00:34:44,840
Speaker 4: got to do it yourself. Like I can't do it

713
00:34:44,880 --> 00:34:46,799
Speaker 4: for you. I wish I could. If I could wave

714
00:34:46,840 --> 00:34:50,080
Speaker 4: a magic wand and make every female in this country

715
00:34:50,200 --> 00:34:53,520
Speaker 4: super shine. It's the right risk profile, it's perfect. I

716
00:34:53,520 --> 00:34:56,200
Speaker 4: could set up all your investment port voluos like in

717
00:34:56,239 --> 00:34:58,719
Speaker 4: line with your goals and your value. I would, but

718
00:34:58,840 --> 00:35:02,040
Speaker 4: I can't. You have to do the work. So I

719
00:35:02,080 --> 00:35:03,799
Speaker 4: hope you're grateful for you too, because you're the one

720
00:35:03,840 --> 00:35:05,759
Speaker 4: that did the work. Nobody else did that.

721
00:35:05,840 --> 00:35:08,719
Speaker 2: I am yeah, Yeah, I'm glad that I did it.

722
00:35:08,760 --> 00:35:11,520
Speaker 2: And I had that kind of maybe low point where

723
00:35:11,760 --> 00:35:16,479
Speaker 2: I did feel like everything was chaotic, but now I yeah,

724
00:35:16,760 --> 00:35:18,880
Speaker 2: just you have to do it yourself, and you have

725
00:35:18,920 --> 00:35:20,880
Speaker 2: to be ready for that journey and ready for the

726
00:35:20,920 --> 00:35:26,600
Speaker 2: sacrifice because it's your money, your pay your budget. You know,

727
00:35:26,640 --> 00:35:27,960
Speaker 2: no one can do it for you. At the end

728
00:35:27,960 --> 00:35:30,359
Speaker 2: of the day. You have to be into it. You

729
00:35:30,360 --> 00:35:33,759
Speaker 2: have to be accountable because it's your money. Yeah.

730
00:35:33,800 --> 00:35:37,239
Speaker 4: And it's funny because recently I've been saying a lot

731
00:35:37,239 --> 00:35:39,480
Speaker 4: of people have been like, oh, I'm not ready to invest,

732
00:35:39,560 --> 00:35:43,280
Speaker 4: I'm not ready to start, And I keep saying ready

733
00:35:43,360 --> 00:35:45,759
Speaker 4: is not a feeling, It is a decision, like you

734
00:35:45,880 --> 00:35:47,400
Speaker 4: just have to pull your finger out one day and

735
00:35:47,440 --> 00:35:49,880
Speaker 4: be like, guess I'm ready. I guess I've got to

736
00:35:49,920 --> 00:35:51,919
Speaker 4: do it today. You're not going to have the most

737
00:35:52,040 --> 00:35:54,480
Speaker 4: amount of financial literacy that you have, Like I can

738
00:35:54,520 --> 00:35:57,719
Speaker 4: almost guarantee that if we went back in time, Yes,

739
00:35:57,760 --> 00:35:59,880
Speaker 4: you had a lot of education with your initial sharepuot

740
00:35:59,880 --> 00:36:02,560
Speaker 4: for but there's so much stuff you'd probably change, is

741
00:36:02,560 --> 00:36:05,400
Speaker 4: that right? Yeah, I mean even just reading your investing book,

742
00:36:05,440 --> 00:36:08,520
Speaker 4: I was like, oh, that's what that is. Oh interesting,

743
00:36:08,640 --> 00:36:09,400
Speaker 4: I didn't know that.

744
00:36:09,600 --> 00:36:12,319
Speaker 2: Oh I've been doing that and I didn't know that

745
00:36:12,320 --> 00:36:15,319
Speaker 2: that's what it was. Or yeah, so there's always things

746
00:36:15,320 --> 00:36:19,080
Speaker 2: that are going to be forever changing and growing. And yeah,

747
00:36:19,280 --> 00:36:23,160
Speaker 2: I just think it's so important to start like yesterday

748
00:36:23,280 --> 00:36:25,600
Speaker 2: because I wish I could have gone back do going

749
00:36:25,680 --> 00:36:26,080
Speaker 2: to work for.

750
00:36:26,080 --> 00:36:27,680
Speaker 4: Me, Like I'm not going to give you a cushy

751
00:36:27,800 --> 00:36:30,239
Speaker 4: office job, but you sound like you were on the

752
00:36:30,280 --> 00:36:30,960
Speaker 4: same page as me.

753
00:36:31,239 --> 00:36:34,440
Speaker 2: Yeah, I wish I could have started earlier, but grateful

754
00:36:34,560 --> 00:36:39,439
Speaker 2: that I did start when I did. And yeah, it's yeah.

755
00:36:39,480 --> 00:36:42,600
Speaker 2: I try my best to like anyone who asks me,

756
00:36:43,000 --> 00:36:45,520
Speaker 2: like in my life, my personal life or whatever, I'm like,

757
00:36:45,560 --> 00:36:47,560
Speaker 2: have you read cheese on the money. Have you?

758
00:36:47,760 --> 00:36:48,680
Speaker 4: That's so sweet?

759
00:36:48,880 --> 00:36:51,480
Speaker 2: Thank you? Do you invest? Do you do your Have

760
00:36:51,560 --> 00:36:53,680
Speaker 2: you got a budget? And You'll never believe how many

761
00:36:53,680 --> 00:36:55,880
Speaker 2: people tell me that they don't have a budget. And

762
00:36:55,920 --> 00:36:58,840
Speaker 2: I was like, that is wild. Do you work full time?

763
00:36:59,040 --> 00:37:01,160
Speaker 2: What do you do with your money? How does it

764
00:37:01,239 --> 00:37:02,920
Speaker 2: what happens when it hits your account?

765
00:37:03,000 --> 00:37:06,320
Speaker 4: Does that not stress your heart? They spend it? It's crazy.

766
00:37:06,360 --> 00:37:09,360
Speaker 4: And I'm not saying it's a bad thing. It's hard. Yeah,

767
00:37:09,400 --> 00:37:11,640
Speaker 4: it's hard. But once you get on the budget train,

768
00:37:12,320 --> 00:37:14,319
Speaker 4: I think a lot of people are evasive of it

769
00:37:14,400 --> 00:37:17,440
Speaker 4: because they are so scared that a budget is going

770
00:37:17,520 --> 00:37:20,080
Speaker 4: to be restrictive and not feel good and it's going

771
00:37:20,120 --> 00:37:22,600
Speaker 4: to stop them from living their best life. But it's

772
00:37:22,640 --> 00:37:25,200
Speaker 4: actually a tool that helps you understand every single dollar

773
00:37:25,280 --> 00:37:27,959
Speaker 4: that comes in, every single dollar that goes out, making

774
00:37:27,960 --> 00:37:30,239
Speaker 4: sure it's in line with your values, your goals. Like

775
00:37:30,280 --> 00:37:32,920
Speaker 4: it's just making your money work hard for you, and

776
00:37:33,000 --> 00:37:35,440
Speaker 4: like you don't go to work for forty plus hours

777
00:37:35,480 --> 00:37:37,200
Speaker 4: a week so that you can be in a worse

778
00:37:37,239 --> 00:37:37,880
Speaker 4: off position.

779
00:37:38,160 --> 00:37:40,000
Speaker 2: Mary might as well just sit at home because that's

780
00:37:40,040 --> 00:37:43,000
Speaker 2: too much effort exactly. But yeah, I think the budget

781
00:37:43,080 --> 00:37:47,239
Speaker 2: is so important because it's not restrictive. It's scary, and

782
00:37:47,280 --> 00:37:49,120
Speaker 2: I think that's why a lot of people don't want

783
00:37:49,120 --> 00:37:50,920
Speaker 2: to do it. And I didn't have a budget four

784
00:37:51,000 --> 00:37:55,080
Speaker 2: years ago, which you know obviously was the problem. And

785
00:37:55,160 --> 00:37:57,879
Speaker 2: it's not restrictive because I've been on the holiday every

786
00:37:57,920 --> 00:38:02,160
Speaker 2: single year since I made that because it's important to

787
00:38:02,239 --> 00:38:07,080
Speaker 2: me to travel, and it hasn't been restrictive, it's been freeing.

788
00:38:07,719 --> 00:38:10,040
Speaker 4: Yeah, tell me as well, because, like you said, I

789
00:38:10,080 --> 00:38:12,880
Speaker 4: was in the car with my partner planning this holiday

790
00:38:13,680 --> 00:38:16,200
Speaker 4: and I just realized it was financially ruining me, Like

791
00:38:16,239 --> 00:38:18,880
Speaker 4: I just couldn't do it. Tell me about the feeling

792
00:38:18,920 --> 00:38:21,040
Speaker 4: you now have when you go on holiday versus the

793
00:38:21,120 --> 00:38:22,200
Speaker 4: lead up to that holiday.

794
00:38:23,040 --> 00:38:28,000
Speaker 2: That lead up was grim. I was very stressed and like, yeah,

795
00:38:28,040 --> 00:38:31,799
Speaker 2: I was very daunting to go. Now I'm like a

796
00:38:31,840 --> 00:38:34,719
Speaker 2: bit more savvy when we go. We you know, we

797
00:38:34,760 --> 00:38:36,960
Speaker 2: don't always have to go for the nicest thing or

798
00:38:37,000 --> 00:38:40,120
Speaker 2: the most expensive thing, not that I did before, but

799
00:38:40,719 --> 00:38:43,920
Speaker 2: you know, we're a bit more conscious, you know, because

800
00:38:43,960 --> 00:38:46,680
Speaker 2: we want that goal of retiring early, but we do

801
00:38:46,719 --> 00:38:49,719
Speaker 2: want to travel. So it's like, where can we meet

802
00:38:49,760 --> 00:38:53,880
Speaker 2: in the middle, and how can we do it in

803
00:38:53,960 --> 00:38:57,920
Speaker 2: the smartest way. And you know, often we don't drink alcohol,

804
00:38:58,120 --> 00:39:00,799
Speaker 2: like that first trip we did and I reckon, we

805
00:39:00,840 --> 00:39:05,160
Speaker 2: spent so much money just on drinking and we're lack

806
00:39:05,400 --> 00:39:08,239
Speaker 2: never again. You know, we don't do that anymore, and

807
00:39:08,280 --> 00:39:11,440
Speaker 2: it's so much nicer to have that extra money in

808
00:39:11,480 --> 00:39:14,239
Speaker 2: your account. You know, that's just something that we've decided

809
00:39:14,520 --> 00:39:17,040
Speaker 2: when we go on trips, that's one thing that we

810
00:39:17,080 --> 00:39:19,360
Speaker 2: can cut out. That makes a huge difference.

811
00:39:19,600 --> 00:39:23,000
Speaker 4: You see. Nope, sorry, I love you, and like that

812
00:39:23,160 --> 00:39:25,279
Speaker 4: is so fantastic that that works for you.

813
00:39:25,400 --> 00:39:26,839
Speaker 2: Love an apparole, Oh my.

814
00:39:26,880 --> 00:39:29,440
Speaker 4: God, I don't think it's a secret, queen. I love

815
00:39:29,480 --> 00:39:33,160
Speaker 4: an apparol. I love a little in the afternoon, a

816
00:39:33,200 --> 00:39:36,640
Speaker 4: little peanutolata by a pool. Oh say less.

817
00:39:36,640 --> 00:39:37,920
Speaker 2: I definitely can relate.

818
00:39:38,040 --> 00:39:40,760
Speaker 4: But we're just I think, but that's in my budget,

819
00:39:41,000 --> 00:39:43,040
Speaker 4: and we budget based on our values. And that's the

820
00:39:43,080 --> 00:39:46,120
Speaker 4: best part, Like mad respect that you know your budget

821
00:39:46,200 --> 00:39:48,719
Speaker 4: and I know mine. But like the best part is

822
00:39:48,760 --> 00:39:52,080
Speaker 4: once you get to this stage, we're not comparing. We're

823
00:39:52,080 --> 00:39:54,120
Speaker 4: not looking at yours and going, oh, well, she saves

824
00:39:54,160 --> 00:39:56,440
Speaker 4: more money than me on that particular thing. Like it

825
00:39:56,480 --> 00:39:59,080
Speaker 4: all comes out in the wash in the best possible ways.

826
00:39:59,680 --> 00:40:03,080
Speaker 4: Can I the presumptuous and assume you don't have any debt?

827
00:40:03,520 --> 00:40:05,880
Speaker 2: No, I just have a hex debt. Yeah, no debt.

828
00:40:06,160 --> 00:40:10,000
Speaker 2: I had credit cards back in the day, which I

829
00:40:10,000 --> 00:40:13,120
Speaker 2: think was about five grand. But that felt like, oh

830
00:40:13,160 --> 00:40:14,840
Speaker 2: my god, that felt so crippling.

831
00:40:14,880 --> 00:40:16,560
Speaker 4: And did you max out that credit card?

832
00:40:16,719 --> 00:40:18,799
Speaker 2: Yeah? And I was like never I Once I paid

833
00:40:18,800 --> 00:40:20,120
Speaker 2: it off, I cut it up and I was like,

834
00:40:20,239 --> 00:40:23,320
Speaker 2: oh that, I'm never doing that again. So no debt,

835
00:40:23,560 --> 00:40:29,440
Speaker 2: no carloans, no after pay. I don't have an account. No,

836
00:40:29,440 --> 00:40:34,000
Speaker 2: no debt, no not after like my growing up lifestyle,

837
00:40:34,239 --> 00:40:37,800
Speaker 2: no debt for me. The HECTS is probably kind of

838
00:40:37,920 --> 00:40:42,319
Speaker 2: it's like around the forty grand mark hopefully with that

839
00:40:42,400 --> 00:40:45,320
Speaker 2: big index payment that we should be getting.

840
00:40:45,360 --> 00:40:47,160
Speaker 4: Oh, we're all waiting for that, and the she's on

841
00:40:47,200 --> 00:40:49,960
Speaker 4: the money office, we're all watching out our hex debts

842
00:40:50,000 --> 00:40:51,320
Speaker 4: getting very excited.

843
00:40:51,440 --> 00:40:54,880
Speaker 2: Yeah, I'm like, oh, hopefully soon. But honestly, I'm so

844
00:40:55,000 --> 00:40:58,520
Speaker 2: comfortable with that it's going to pay itself off and

845
00:40:59,239 --> 00:41:02,560
Speaker 2: I'm not too stressed about it. I don't really make

846
00:41:02,600 --> 00:41:05,960
Speaker 2: any contributions to paying it off. I'd rather invest it

847
00:41:06,280 --> 00:41:09,600
Speaker 2: in my shares and let it grow and yeah, I

848
00:41:09,600 --> 00:41:11,799
Speaker 2: feel like that will pay itself off in good time.

849
00:41:12,000 --> 00:41:14,600
Speaker 4: It just plods along. So now tell me, what do

850
00:41:14,680 --> 00:41:16,600
Speaker 4: you think your best money habit is. I feel like

851
00:41:16,640 --> 00:41:18,279
Speaker 4: you might have a few, like the fact that you

852
00:41:18,320 --> 00:41:20,520
Speaker 4: cut out alcohol because you were like, we looked at

853
00:41:20,520 --> 00:41:22,200
Speaker 4: how much that cost us and now we just don't

854
00:41:22,239 --> 00:41:24,399
Speaker 4: drink it. I couldn't pitch that to my husband. I'm

855
00:41:24,400 --> 00:41:26,600
Speaker 4: so sorry, just not going to work for me. But

856
00:41:26,800 --> 00:41:28,480
Speaker 4: what do you think your best money howbit is?

857
00:41:28,640 --> 00:41:32,240
Speaker 2: Be's money habit is probably all the automatic transfers, because

858
00:41:32,640 --> 00:41:37,920
Speaker 2: that system is just so to the tea and every

859
00:41:37,960 --> 00:41:43,200
Speaker 2: dollar goes somewhere. There's no lull in my bank account,

860
00:41:43,200 --> 00:41:47,839
Speaker 2: which is nice. And the automatic investing that I've set

861
00:41:47,920 --> 00:41:51,520
Speaker 2: up on Beta Shares, it's so easy. It just comes

862
00:41:51,520 --> 00:41:54,440
Speaker 2: straight out of my bank, straight into the wallet and

863
00:41:54,600 --> 00:41:57,680
Speaker 2: invests automatically, and I don't have to think about a thing.

864
00:41:57,840 --> 00:42:00,680
Speaker 2: I think that would be my best money habit. The

865
00:42:00,719 --> 00:42:02,880
Speaker 2: thing that annoys me the most is that I can't

866
00:42:03,400 --> 00:42:06,520
Speaker 2: guarantee how much my overtime it's going to be every

867
00:42:06,520 --> 00:42:10,520
Speaker 2: week to automatically invest. That that peeves me off. I

868
00:42:10,560 --> 00:42:13,760
Speaker 2: have to do that manually, But that would be my best.

869
00:42:13,960 --> 00:42:15,520
Speaker 4: But that's so good that it's automated.

870
00:42:15,680 --> 00:42:17,919
Speaker 2: Yeah, I love it takes their emotion out of it.

871
00:42:18,200 --> 00:42:21,440
Speaker 2: You know, it doesn't leave me going, oh, should I

872
00:42:21,480 --> 00:42:24,279
Speaker 2: put this into No, it's going into investing and it's

873
00:42:24,320 --> 00:42:25,359
Speaker 2: going into long term.

874
00:42:25,480 --> 00:42:28,880
Speaker 4: Yeah. Yeah, it's already gone. Sorry, did you mean to

875
00:42:28,880 --> 00:42:31,520
Speaker 4: make another decision? Because we already made it for you.

876
00:42:31,719 --> 00:42:33,600
Speaker 4: And I feel like, in my head, I'm like, once

877
00:42:33,600 --> 00:42:36,640
Speaker 4: it's in there, it's illegal to take it out. Like, sorry,

878
00:42:36,880 --> 00:42:39,920
Speaker 4: it's illegal. Like I've got to make a law book.

879
00:42:40,120 --> 00:42:41,759
Speaker 4: And one of the shehes on the money laws is

880
00:42:41,800 --> 00:42:44,960
Speaker 4: that you cannot take out of your investing cloud. You can,

881
00:42:45,040 --> 00:42:48,319
Speaker 4: by the way, don't feel stressed, but in my head,

882
00:42:48,360 --> 00:42:51,200
Speaker 4: it just feels like it's not mine anymore. And it's

883
00:42:51,200 --> 00:42:54,879
Speaker 4: a very weird concept because I obviously know that. But yeah,

884
00:42:54,960 --> 00:42:56,360
Speaker 4: I just once it's in there, I'm like, oh, I

885
00:42:56,360 --> 00:42:58,719
Speaker 4: couldn't take it out, then I'm stopping it growing never.

886
00:42:58,960 --> 00:43:01,200
Speaker 2: I could never do that. So that would be my

887
00:43:01,960 --> 00:43:04,080
Speaker 2: hot tip. And you have to do a budget to

888
00:43:04,120 --> 00:43:06,960
Speaker 2: do that. Team just to break it to you.

889
00:43:07,000 --> 00:43:08,680
Speaker 4: Yeah, yeah, yeah exactly. You and I are on the

890
00:43:08,680 --> 00:43:10,080
Speaker 4: same team. Do you budget and do you know what

891
00:43:10,120 --> 00:43:13,160
Speaker 4: the best part about this is it's free on my website.

892
00:43:13,360 --> 00:43:16,360
Speaker 4: Go and download it. You don't have to do anything,

893
00:43:16,440 --> 00:43:19,120
Speaker 4: and it will auto calculate at the bottom. That's very

894
00:43:19,160 --> 00:43:21,040
Speaker 4: sexy and very peachy.

895
00:43:21,239 --> 00:43:24,759
Speaker 2: That would be my hot tip. Also, maybe, like I

896
00:43:25,000 --> 00:43:27,880
Speaker 2: every time I get like a bill and that's increasing,

897
00:43:28,120 --> 00:43:31,000
Speaker 2: Like I always like, I don't know how many times

898
00:43:31,000 --> 00:43:34,240
Speaker 2: I've canceled my insurance and resigned up, like my car insurance,

899
00:43:34,719 --> 00:43:39,040
Speaker 2: probably ten times. So every year they're like, oh, it's

900
00:43:39,080 --> 00:43:40,880
Speaker 2: going back up, and I was like, for what, I

901
00:43:40,880 --> 00:43:41,840
Speaker 2: didn't even do anything.

902
00:43:42,120 --> 00:43:43,920
Speaker 4: Yeah, I didn't even have any bingals. What are you

903
00:43:43,960 --> 00:43:44,439
Speaker 4: talking about?

904
00:43:44,520 --> 00:43:46,799
Speaker 2: Yeah? And they're like, oh, you know, ten percent off

905
00:43:46,800 --> 00:43:49,920
Speaker 2: for new customers. I was like, hello, I've just been

906
00:43:49,920 --> 00:43:53,000
Speaker 2: paying you for a year. How about me? So I

907
00:43:53,080 --> 00:43:56,680
Speaker 2: cancel things and resign up all the time, for anything,

908
00:43:56,880 --> 00:44:02,719
Speaker 2: phone bills, car insurance, any bill that yeah, we have.

909
00:44:02,760 --> 00:44:05,960
Speaker 4: Any subscriptions I use as well, I threaten to cancel

910
00:44:06,480 --> 00:44:09,440
Speaker 4: even without making a phone call to cancel it. Right,

911
00:44:09,480 --> 00:44:11,359
Speaker 4: And Adobe is probably going to be mad that I'm

912
00:44:11,360 --> 00:44:13,480
Speaker 4: saying this, But I did this the other day to

913
00:44:13,480 --> 00:44:16,839
Speaker 4: my Adobe subscription. I like went on the website and

914
00:44:16,880 --> 00:44:19,960
Speaker 4: clicked cancel subscription and then it came up with a

915
00:44:20,040 --> 00:44:22,120
Speaker 4: last minute offer and it was like, oh, we hate

916
00:44:22,120 --> 00:44:25,040
Speaker 4: to see you go. Here's forty percent off the next

917
00:44:25,080 --> 00:44:29,720
Speaker 4: six months. And I was like, oh that's nice, thanks. Yeah, yeah, actually,

918
00:44:29,880 --> 00:44:32,680
Speaker 4: because I was going to hit cancel subscription and just

919
00:44:32,719 --> 00:44:37,120
Speaker 4: see what happened. Then I was going to resign up anyway, I.

920
00:44:37,200 --> 00:44:39,960
Speaker 2: Fine with phone bills. If you asked to be transferred

921
00:44:39,960 --> 00:44:43,279
Speaker 2: to the cancelation team, they can always give you a

922
00:44:43,320 --> 00:44:47,359
Speaker 2: better price than even just negotiating with the people on

923
00:44:47,800 --> 00:44:51,719
Speaker 2: like the phone. You'd be like, no, I'm canceling, I'm unhappy,

924
00:44:51,760 --> 00:44:54,200
Speaker 2: and then the cancelation team have a better price that

925
00:44:54,200 --> 00:44:57,000
Speaker 2: they can offer you. So got to swindle every dollar

926
00:44:57,120 --> 00:44:57,319
Speaker 2: you know.

927
00:44:57,719 --> 00:45:02,319
Speaker 4: Love, you are a woman from my own community. Tell me, though,

928
00:45:02,800 --> 00:45:04,920
Speaker 4: flip the narrative. What's your worst money habit? Have you

929
00:45:04,960 --> 00:45:06,920
Speaker 4: even got any at this point, I've.

930
00:45:06,680 --> 00:45:11,480
Speaker 2: Tried really hard to think of one, and I definitely

931
00:45:11,560 --> 00:45:14,840
Speaker 2: had a few back in the day. My worst money

932
00:45:14,840 --> 00:45:20,920
Speaker 2: habit would be, God, I don't know. I would say

933
00:45:20,960 --> 00:45:22,719
Speaker 2: maybe travel, Like even if it's not.

934
00:45:22,920 --> 00:45:24,839
Speaker 4: No, it's not, you can't because you don't even drink

935
00:45:24,880 --> 00:45:27,560
Speaker 4: when you travel. Sorry you're too savvy for this show.

936
00:45:27,800 --> 00:45:29,480
Speaker 4: But that's okay, But I have to ask a pressing

937
00:45:29,600 --> 00:45:31,759
Speaker 4: question because, like you know, at the start, I told

938
00:45:31,800 --> 00:45:33,279
Speaker 4: you we're going to loop back to this. You said, oh,

939
00:45:33,320 --> 00:45:36,560
Speaker 4: I'm a B plus. What kind of B plus person

940
00:45:36,680 --> 00:45:38,960
Speaker 4: says they don't have a bad money habit? Like a

941
00:45:39,000 --> 00:45:40,920
Speaker 4: person who says no straight out the gates. I'm an

942
00:45:40,920 --> 00:45:42,880
Speaker 4: A plus. And then if they said I don't have

943
00:45:42,920 --> 00:45:44,279
Speaker 4: any bad money habits, I'd be like, you know what,

944
00:45:44,360 --> 00:45:47,319
Speaker 4: I believe you, but sorry, what's the B plus for? Then?

945
00:45:47,400 --> 00:45:49,720
Speaker 4: Why not a plus if no bad money habits?

946
00:45:49,880 --> 00:45:51,719
Speaker 2: I don't know. I do want to, like hi ball

947
00:45:51,840 --> 00:45:55,120
Speaker 2: myself and then we have this comra and I was like, oh, actually.

948
00:45:54,800 --> 00:45:57,279
Speaker 4: Oh no, sorry. In this house, we back ourselves.

949
00:45:57,520 --> 00:46:00,239
Speaker 2: I think there's always room to grow, which is why

950
00:46:00,760 --> 00:46:04,400
Speaker 2: I did be plus because I want to strive to

951
00:46:04,480 --> 00:46:07,520
Speaker 2: be the best. But sometimes, you know, things happen. We

952
00:46:07,640 --> 00:46:10,960
Speaker 2: can't guarantee every single thing's a sure thing for the

953
00:46:11,000 --> 00:46:15,720
Speaker 2: rest of our lives till I retire. But I love it. Yeah,

954
00:46:15,920 --> 00:46:16,839
Speaker 2: I'm probably an ade.

955
00:46:16,880 --> 00:46:19,239
Speaker 4: Yeah, I know, I know, like I just heard your

956
00:46:19,239 --> 00:46:22,040
Speaker 4: money story, baby cakes, I know, but I do want

957
00:46:22,080 --> 00:46:24,040
Speaker 4: to ask, though, if you've not got a bad money habit?

958
00:46:24,080 --> 00:46:25,640
Speaker 4: You have to tell me what was the last thing

959
00:46:25,680 --> 00:46:26,760
Speaker 4: you impulse purchased.

960
00:46:26,920 --> 00:46:29,440
Speaker 2: I feel like it was just yesterday because I've been

961
00:46:29,440 --> 00:46:33,080
Speaker 2: on annual leave and I'm looking for things to do

962
00:46:33,160 --> 00:46:37,960
Speaker 2: around the house, and I bought a new monitor from

963
00:46:38,080 --> 00:46:41,759
Speaker 2: Marketplace for my desk like at home. So now I

964
00:46:41,800 --> 00:46:45,279
Speaker 2: have two screens for my home office. I didn't really

965
00:46:45,360 --> 00:46:47,799
Speaker 2: need it. I had one and my laptop, but I

966
00:46:47,840 --> 00:46:49,520
Speaker 2: was like, oh, you know, if I'm going to work

967
00:46:49,560 --> 00:46:52,239
Speaker 2: from home for a while, I could get another one.

968
00:46:52,320 --> 00:46:52,799
Speaker 2: That's good.

969
00:46:53,000 --> 00:46:56,200
Speaker 4: I love it. See guys, even her like Impulse purchases

970
00:46:56,239 --> 00:46:59,719
Speaker 4: are on bloody Marketplace. She is savvy, she's an a

971
00:47:00,000 --> 00:47:02,040
Speaker 4: W she's an A plus. I love it, money Dirist,

972
00:47:02,680 --> 00:47:05,400
Speaker 4: this has been a pleasure. I am just so glad

973
00:47:06,120 --> 00:47:08,360
Speaker 4: that you not only wanted to share your story, we

974
00:47:08,440 --> 00:47:10,360
Speaker 4: had a really great chat. I feel like this is

975
00:47:10,360 --> 00:47:12,160
Speaker 4: going to be a very fun episode to listen to.

976
00:47:12,560 --> 00:47:16,000
Speaker 4: But then also, you just you're so part of the community,

977
00:47:16,160 --> 00:47:19,839
Speaker 4: the book, the podcast, like you're investing your saving like

978
00:47:19,960 --> 00:47:23,000
Speaker 4: you're an icon. I love it. And for anyone listening

979
00:47:23,000 --> 00:47:26,239
Speaker 4: who's like that's unrelatable, No, Queen, it's not unrelatable. It's

980
00:47:26,320 --> 00:47:29,000
Speaker 4: just not currently being done, like you're just not doing it.

981
00:47:29,040 --> 00:47:31,520
Speaker 4: You can absolutely create this yourself. And I just think

982
00:47:31,560 --> 00:47:34,080
Speaker 4: that's the coolest part of this money story. You did

983
00:47:34,120 --> 00:47:35,799
Speaker 4: this yourself. I love it.

984
00:47:35,840 --> 00:47:36,279
Speaker 2: Thank you.

985
00:47:37,040 --> 00:47:41,279
Speaker 5: I would read the book, you know, the little people's

986
00:47:41,400 --> 00:47:43,360
Speaker 5: stories when I was first reading the book, and I

987
00:47:43,440 --> 00:47:45,560
Speaker 5: was like, oh, that could just never be me because

988
00:47:45,640 --> 00:47:47,160
Speaker 5: that seems so unachievable.

989
00:47:47,440 --> 00:47:49,399
Speaker 2: But well, here I am.

990
00:47:49,480 --> 00:47:51,880
Speaker 4: I guess it's small steps in the right direction. And

991
00:47:51,920 --> 00:47:55,239
Speaker 4: I think that all the time we get so overwhelmed

992
00:47:55,400 --> 00:47:58,640
Speaker 4: and like, social media does not help, because social media

993
00:47:58,680 --> 00:48:01,879
Speaker 4: definitely shoves down now through narratives of people who are

994
00:48:01,920 --> 00:48:05,120
Speaker 4: genuinely unrelatable. Like, don't get me wrong, not all of

995
00:48:05,200 --> 00:48:08,200
Speaker 4: us are going to become multimillion dollar tech founders and

996
00:48:08,239 --> 00:48:11,400
Speaker 4: you see their stories like, yeah, I get why that's unrelatable,

997
00:48:11,640 --> 00:48:14,279
Speaker 4: but sorry, we have a twenty seven year old from

998
00:48:14,360 --> 00:48:17,719
Speaker 4: Melbourne who didn't come from wealth, who is creating it herself.

999
00:48:17,840 --> 00:48:18,680
Speaker 4: That is iconic.

1000
00:48:18,880 --> 00:48:19,920
Speaker 2: Thank you, thank you.

1001
00:48:20,160 --> 00:48:22,440
Speaker 4: I love it all right. I wish we had more

1002
00:48:22,440 --> 00:48:25,239
Speaker 4: time together, but alas we do not. Thank you so much.

1003
00:48:25,360 --> 00:48:27,560
Speaker 4: I just can't wait for their community to get their

1004
00:48:27,560 --> 00:48:29,600
Speaker 4: little hands on this episode because they're going to love it.

1005
00:48:29,640 --> 00:48:30,479
Speaker 4: As much as I did.

1006
00:48:30,600 --> 00:48:32,080
Speaker 2: Thank you so much for having me.

1007
00:48:38,600 --> 00:48:41,200
Speaker 6: The advice shared on She's on the Money is generally

1008
00:48:41,400 --> 00:48:45,160
Speaker 6: nature and does not consider your individual circumstances. She's on

1009
00:48:45,239 --> 00:48:48,719
Speaker 6: the Money exists purely for educational purposes and should not

1010
00:48:48,760 --> 00:48:51,760
Speaker 6: be relied upon to make an investment or financial decision.

1011
00:48:52,160 --> 00:48:54,320
Speaker 4: If you do choose to buy a financial.

1012
00:48:53,960 --> 00:48:58,279
Speaker 6: Product, read the PDS TMD and obtain appropriate financial advice.

1013
00:48:58,000 --> 00:48:59,360
Speaker 4: Tailored towards your needs.

1014
00:48:59,640 --> 00:49:02,719
Speaker 6: Victor, Maria Divine and Sheese on the Money are authorized

1015
00:49:02,760 --> 00:49:05,759
Speaker 6: representatives of Money sherper P T y L t D

1016
00:49:06,000 --> 00:49:08,799
Speaker 6: A b N three two one six four nine two

1017
00:49:08,840 --> 00:49:11,759
Speaker 6: seven seven zero eight a F s L four five

1018
00:49:11,880 --> 00:49:14,040
Speaker 6: one two eight nine