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

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Speaker 1: the Order Kerni Whalbury and a waddery woman. And before

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money. Hello, and

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Speaker 3: welcome to She's on the Money, the podcast for millennials

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Speaker 3: who want financial freedom. Welcome back to another shot back

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Speaker 3: money Diary Monday, where we get to chat to one

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Speaker 3: of our beautiful community members to learn about their finances

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Speaker 3: and their money story and a whole heap of other

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Speaker 3: interesting things as well. Victoria, Yes, today I have an

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Speaker 3: international diarist.

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Speaker 2: International diarist.

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Speaker 3: Yeah, they're coming to us all the way from Amsterdam

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Speaker 3: in the Netherlands, which is my gosh, how cool I know.

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Speaker 3: Let me tell you their story.

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Speaker 2: We've gone international jess A, We're global. Is that what

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Speaker 2: we've done?

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Speaker 3: I think so so, our diarist says. I'm an elder

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Speaker 3: millennial who grew up seeing only stress around money due

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Speaker 3: to a lack of steady jobs, poor career and life

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Speaker 3: choices from her parents and grandparents. And that is all

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Speaker 3: the knowledge I had about money. I thought I would

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Speaker 3: live paycheck to paycheck my entire life and would have

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Speaker 3: to work until I died. However, in the last five

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Speaker 3: to six years, I've managed to turn my life around

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Speaker 3: by moving countries seven times, bold making better decisions regarding

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Speaker 3: my career and my money. I know how to save,

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Speaker 3: invest set goals, earn a six figure salary, and I

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Speaker 3: want to tell my story so that people listening to

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Speaker 3: the podcast who are closer to my age group know

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Speaker 3: that it's never too late and you can turn your

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Speaker 3: life and financial situation around, even if you are in

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Speaker 3: your late thirties.

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Speaker 2: Oh my gosh, I want you to tell your story too.

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Speaker 2: Money dois Welcome to the show. I'm so excited that

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Speaker 2: you're here.

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Speaker 4: Hi am the one who's excited to be here, super excited.

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Speaker 2: Oh my gosh, No, I cannot believe you're in the Netherlands.

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Speaker 2: That is wild to me.

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Speaker 3: Yeah, I had a penpal in the Netherlands.

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Speaker 2: Once you had a what pen pal? Oh, that's a

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Speaker 2: blast from the past pen pal. I haven't heard of

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Speaker 2: those in years.

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Speaker 3: It was when I was a child, but it was still.

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Speaker 2: Kind of fit. It's still kind of real cool though.

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Speaker 3: Yeah, and now we can tellone about our digital pen

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Speaker 3: pal from the show.

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Speaker 2: Oh my gosh. Yes, Well, let's get into it and

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Speaker 2: ask our digital pen pals some questions. Money diarist, Are

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Speaker 2: you ready to jump head first into it? Yeah, let's

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Speaker 2: do it, Lucky Lucky, because I am too. All right,

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Speaker 2: let's go. Can you tell me a little bit about

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Speaker 2: your money story? Yeah.

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Speaker 4: So my own story is a bit complex because I

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Speaker 4: come from a household of mixed race family. So on

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Speaker 4: my dad's side, they're European and they obviously were quite

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Speaker 4: impacted with World War Two. So my grandparents were good

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Speaker 4: earners and I think they were very good with money,

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Speaker 4: with savers. But unfortunately I didn't have much time to

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Speaker 4: spend with them. I actually didn't meet my grandmother, and

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Speaker 4: then my grandfather died when I was nine. My father

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Speaker 4: is like a little bit on the frugal stingy side.

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Speaker 4: And on the other hand, on my mom's side, they

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Speaker 4: are Latin American and they had a very complicated upbringing,

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Speaker 4: so they would live in poverty, even though technically they

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Speaker 4: didn't need to. But my grandfather would just waste money on,

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Speaker 4: you know, just bars. He would lend money to friends,

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Speaker 4: things like that. So my mom actually was on the

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Speaker 4: other side of I want to have a nice life.

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Speaker 4: I want to bring give things, nice things to my children.

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Speaker 4: And there was always these things like, for example, we

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Speaker 4: would go on a shopping spree with my mom and

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Speaker 4: then she would come home and tell us hide the clothes.

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Speaker 4: And if your dad says anything, you know, you say,

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Speaker 4: this is very old, I've already had it for it.

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Speaker 2: Oh my gosh.

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Speaker 4: Yeah. And basically what I saw growing up around money

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Speaker 4: was just a lot of conflict and stress around it. Also,

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Speaker 4: my parents used to be business owners, and they were

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Speaker 4: always looking for like that big million dollar idea that

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Speaker 4: would just bring them to become rich very quickly, and

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Speaker 4: it would just blow up on their faces. And on

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Speaker 4: the other hand, also what I saw was that like

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Speaker 4: my Latin American grandparents, they also were hustling until they

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Speaker 4: were in their eighties and then they were also financially

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Speaker 4: dependent on my parents until you know, they died. So

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Speaker 4: that's what I grew up seeing, and that's the cycle

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Speaker 4: that I wanted to get away from.

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Speaker 2: Well, and have you worked your way away from that? Like,

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Speaker 2: what have you been implementing to be on the flip

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Speaker 2: side of that?

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Speaker 4: Yeah, so definitely one of the things, like my upbringing

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Speaker 4: had had an impact on different decisions of my life.

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Speaker 4: So one of them is that I don't want to

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Speaker 4: have children and I don't want to get married. I

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Speaker 4: want to be like really really financial and independent, and

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Speaker 4: I also don't want to become a burden for you know,

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Speaker 4: potential children later on. So until just a few years ago,

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Speaker 4: I was leaving not just paycheck to paycheck, but I

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Speaker 4: was actually every time my salary would hit my bank

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Speaker 4: account at the end of the month, I was like

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Speaker 4: in minus a thousand bucks.

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Speaker 2: Wow.

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Speaker 4: So I was always in debt and if something major

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Speaker 4: would come, I would just have to get a loan

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Speaker 4: and then that just kept spiraling from there. And it

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Speaker 4: wasn't until I moved from France to the Netherlands that

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Speaker 4: I was able to get out of that cycle because

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Speaker 4: I got a much better sealery and I was able

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Speaker 4: to get some investment that I had in the other

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Speaker 4: country and so on. And since then, I've been starting

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Speaker 4: to be more mindful with how I spend my money

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Speaker 4: and making sure that I save a big chunk of

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Speaker 4: my salary you every month.

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Speaker 2: Yeah, wow, that's crazy to think that it took an

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Speaker 2: international move or another international move to change that. With

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Speaker 2: your move, was it a big mindset change as well

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Speaker 2: as a physical change.

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Speaker 4: It was a mix of things. I actually, you're not

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Speaker 4: gonna believe it that I actually lived in the French riviera,

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Speaker 4: which I know.

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Speaker 2: You're living my dream. I would spend a lot of

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Speaker 2: money there too. I get it. I get it.

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Speaker 4: So I was living in knees and I actually hated

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Speaker 4: it from the moment I went to do my first interview.

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Speaker 4: Really yeah, I tell people that it's like dating someone

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Speaker 4: really hot with no brain on personality. After a while,

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Speaker 4: you consistency.

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Speaker 2: Ah.

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Speaker 4: So I really wanted to get out of there. I

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Speaker 4: wanted to change my lifestyle. And then I was not

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Speaker 4: really even thinking about the money. It was just the

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Speaker 4: moment that they told me how much when they gave

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Speaker 4: me their job offer, and I was just like in

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Speaker 4: shocked to see how much it was because it was

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Speaker 4: a fifty percent increase of what I was making.

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Speaker 2: Wow. Wow, that is so much money.

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Speaker 4: Yeah. And then on top of that, there is this

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Speaker 4: financial benefit that you get in the Netherlands when you're

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Speaker 4: a high skilled immigrant. You get thirty percent discount on

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Speaker 4: your income tax for five years.

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Speaker 3: That's amazing.

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Speaker 2: Oh my gosh, that would make me move there as well.

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Speaker 4: Yeah, it's a reason why a lot of people move here.

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Speaker 1: Oh.

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Speaker 2: I actually had no idea that existed. Do you know

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Speaker 2: why they offer that or is it just to you know,

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Speaker 2: promote you guys moving and supporting their economy.

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Speaker 4: Yeah, it's partially that it's a way to encourage people

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Speaker 4: to move because the nether Orlands is a very small

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Speaker 4: country and it has become, like Amsterdam has become quite

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Speaker 4: a tech hub. There is a lot of job offers

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Speaker 4: and there's not enough people to fulfill those jobs, so

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Speaker 4: they do kind of import people from a lot of places.

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Speaker 1: Yeah.

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Speaker 2: Wow, that's actually really cool to know, especially you know,

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Speaker 2: a lot of our community have been asking questions recently

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Speaker 2: about moving internationally and where they should go and what

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Speaker 2: they should do. That's a big draw card. I like

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Speaker 2: that one. Yeah, money, darist, I want to know. We

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Speaker 2: mentioned moving for work, what do you do for work

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Speaker 2: and how much money do you now earn?

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Speaker 4: Yeah? So I am a project manager for professional services

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Speaker 4: in a tech company, so we offer our software as

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Speaker 4: a service. And I just changed jobs. Actually, so I

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Speaker 4: was having the same role but in a different company.

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Speaker 4: And thanks to you, Victoria, I managed to negotiate my

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Speaker 4: salary like I had never negotiated it before.

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Speaker 2: Oh my gosh.

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Speaker 4: Yes, I'm not quite sure how much it's going to

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Speaker 4: hit my salary at the end of the month, but

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Speaker 4: my package is at one hundred and sixty K Australian dollars,

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Speaker 4: oh my gosh, plus fifteen percent yearly bonus. And I

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Speaker 4: also have eleven that five percent pension or super for

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Speaker 4: you guys.

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Speaker 2: Yeah yeah, wow. How cool is that? Is that what

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Speaker 2: you've always earned? Or I have you worked your way

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Speaker 2: up to that, because to me that sounds like a

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Speaker 2: lot of money.

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Speaker 4: Yeah, no, I've worked myself. I worked myself up to that,

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Speaker 4: slowly but surely. And one of the reasons also I

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Speaker 4: nail shated my salary was because in January next year,

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Speaker 4: I'm going to lose this benefit of the tax discount. Yeah,

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Speaker 4: so that has been on my mind from the moment

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Speaker 4: that I moved here, is how do I make sure

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Speaker 4: that the impact is not that big?

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Speaker 2: Yeah, no, that makes absolute sense.

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Speaker 4: It's crazy because I'm going to be like, for example,

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Speaker 4: I estimate I'm gonna get around ten k per month

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Speaker 4: with this new job, and then after February it's gonna

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Speaker 4: be eight key.

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Speaker 2: Yeah wow, Oh my gosh. All right, I want to know,

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Speaker 2: with all of that money, what is your big money goal.

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Speaker 4: So, my big money goal it's to be independent when

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Speaker 4: I'm a senior, when I'm old, and have enough money

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Speaker 4: to get me to leave comfortably in my retirement until

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Speaker 4: my deathbed. It sounds a little bit catastrophic bed.

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Speaker 2: Oh my gosh, so morbid, but it makes sense. It

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Speaker 2: makes sense, especially given your money story, like to just

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Speaker 2: know that you're comfortable and getting it done. Like, I

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Speaker 2: think that that's a really cool goal and really clear

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Speaker 2: as well. Yeah all right. Next question. If we are

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Speaker 2: going to achieve this financial freedom, you're going to need

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Speaker 2: some investments. Do you have any? If so, what are they?

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Speaker 4: I do? And again this is thanks to you on

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Speaker 4: the podcast, because I was terrified about investing investing, but

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Speaker 4: I decided, okay, I need to start somehow. I currently

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Speaker 4: have well my pension, but this is something that I

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Speaker 4: need to look deeper into because it's a little bit

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Speaker 4: complicated having switched countries within the European Union and so

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Speaker 4: at the moment there's only one platform where I can

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Speaker 4: see how much money I really have in there. So

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Speaker 4: for my pension, I have thirty five and a half

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Speaker 4: K Australian dollars. I'm telling you everything in Australian dollars

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Speaker 4: because it makes more sense for the audience.

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Speaker 2: No, it totally makes it. Thank you.

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Speaker 3: I appreciate it so preposed, I was like ready to try,

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Speaker 3: we were ready to do.

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Speaker 4: It for you. I already did yesterday. I already did

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Speaker 4: the company.

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Speaker 2: Thank you.

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Speaker 4: My pension is thirty five that five K. I have

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Speaker 4: a micro investment platform here in the Netherlands where I

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Speaker 4: currently have nine that five K from my previous company.

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Speaker 4: I also have shares and it's at forty one two K,

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Speaker 4: and I have a guide a platform for investment with

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Speaker 4: my bank which is sixteen that three K. So I

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Speaker 4: currently have a total portfolio of one hundred to that

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Speaker 4: five K austrillion dollars.

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Speaker 2: Oh my gosh, So you are doing well when it

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Speaker 2: comes to working towards that retirement of yours.

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Speaker 4: Well, I think I'm doing good job, although considering my age,

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Speaker 4: I think it could be a lot better. But I'm

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Speaker 4: not going to oh, no past, I'm going to focus

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Speaker 4: on what I've done in the last few years.

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Speaker 2: Absolutely not, I think you are doing an epic job.

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Speaker 2: Or I want to know do you have any debts?

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Speaker 4: The only dab that I currently have is my mortgage

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Speaker 4: and that is sitting at four hundred and ninety one.

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Speaker 2: K And what did you purchase your home for?

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Speaker 4: So I was one of those people that thought I

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Speaker 4: could rent forever. I was so happy when I heard

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Speaker 4: you say that, you know, money for rent is not

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Speaker 4: wasted money, because I always thought the same. I think

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Speaker 4: that you were paying for something that you are using.

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Speaker 4: It's not really going to waste its a service. But

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Speaker 4: when I moved here to the Netherlands, the accommodation here

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Speaker 4: is absolutely crazy. It's really really hard to find a place.

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Speaker 4: Rents are incredibly high. Buying is also very very difficult.

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Speaker 4: But after the first year here I saw how much

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Speaker 4: my rent increased, and then as a good project manager,

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Speaker 4: I did a forecast of how much is my rent

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Speaker 4: going to be in five years and how much is

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Speaker 4: my salary going to decrease once I lose the tax benefit.

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Speaker 4: So I noticed this is not going to work out,

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Speaker 4: not good. So I got a mortgage advisor. I looked

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Speaker 4: up at my options, and then I realized that it

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Speaker 4: was much better to buy. So I have a one

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Speaker 4: bedroom apartment and now it's good enough for me, am,

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Speaker 4: I two kiddies, my two cats.

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Speaker 2: Oh my gosh, I love it.

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Speaker 4: Yeah, And I was actually very happy to do this move,

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Speaker 4: also on my own and right before COVID, because like,

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Speaker 4: things have gone absolutely crazy and it took me longer

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Speaker 4: to make the decision. But then once I decided to

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Speaker 4: buy the apartment, in two weeks, I already had an apartment.

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Speaker 4: So I feel very low.

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Speaker 2: Oh my gosh, how cool is that. I love that you,

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Speaker 2: as a project manager, were like, yeah, all right, So

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Speaker 2: what we're going to do is we're going to map

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Speaker 2: it out, We're going to do some forecasting, we're going

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Speaker 2: to work it out. Because I feel like so many

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Speaker 2: of us just guess, or so many of us just go, oh,

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Speaker 2: that's not going to be feasible or that's not going

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Speaker 2: to work. But I love that you've put the numbers

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Speaker 2: behind it and said, you know what, I didn't want

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Speaker 2: to do this, but I worked out the financial outcome

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Speaker 2: of this and what that means for me and put

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Speaker 2: myself in the best position. That is very cool.

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Speaker 4: Yeah, I do have to say that there wasn't a

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Speaker 4: big advantage as well. Here in the Netherlands, you can

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Speaker 4: get up to one hundred percent the loan of the

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Speaker 4: value of the property, and so here is very very

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Speaker 4: difficult to get a place, and you usually have to

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Speaker 4: bid for apartments and houses. Yeah, so you usually have

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Speaker 4: to overbid. So for example, I had to overbid around

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Speaker 4: fifty k more my place. Yeah. As long as whatever

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Speaker 4: you overbid doesn't go over the market value of the place,

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Speaker 4: then the bank will loan you one hundred percent. So

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Speaker 4: I only had to save money for buyers costs, you know,

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Speaker 4: for the notary and all of that.

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Speaker 2: Yeah. Wow, oh my gosh, Jess, I've worked it out.

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Speaker 2: She's a plant. She's a plant from the Netherland government

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Speaker 2: and she's here to tell us all to move to

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Speaker 2: the Netherlands because that loans discounts on tax Like, I'm

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Speaker 2: here for it. This sounds epic it's free coent or

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Speaker 2: money barist. Next question is what is your best money habit?

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Speaker 4: Well, besides putting everything automatic to be paid, including myself

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Speaker 4: first and most like all of my savings, my investment

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Speaker 4: and so on, because I'm also from the ADHD club,

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Speaker 4: so I really need to get that.

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Speaker 2: Done, the coolest club to be a part of.

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Speaker 4: Yeah. Another one is roundups. So I use roundups for

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Speaker 4: as much as I can. And one of my favorite

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Speaker 4: money habits is I have a bank account where I

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Speaker 4: have a savings account for holidays, and what I do

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Speaker 4: is whenever I travel, I use the car from that

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Speaker 4: bank account, and then as I spend during my holidays,

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Speaker 4: the roundups saves back to that same account.

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Speaker 2: Very cool.

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Speaker 4: So it means well I travel and I spend, I

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Speaker 4: save back for my holidays, my next holidays.

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Speaker 2: Yeah, very cool. All right, Well I want to know

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Speaker 2: the opposite. What is your worst money habit?

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Speaker 4: So one of my worst money habits is not being

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Speaker 4: able to budget very well for my parents' needs. So,

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Speaker 4: like I said before, my my sister and me and

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Speaker 4: we are supporting my parents entirely where they live, and

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Speaker 4: whenever there is an unexpected spence, I just struggle to

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Speaker 4: tell them to wait. So I'm usually like, okay, how

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Speaker 4: much is it? Okay, I'm sending the money right away.

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Speaker 4: And you know, it's interesting because I hear so many

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Speaker 4: people freaking out about inflation, and I know, like it's

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Speaker 4: also affecting me here in the Netherlands. But like, where

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Speaker 4: my parents leave, the inflation just this year has been

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Speaker 4: six hundred and fifty percent.

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Speaker 2: What where are your parents?

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Speaker 4: They live in Venezuela.

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Speaker 2: Oh, my gosh, that is crazy.

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Speaker 4: So the situation in Venezuela has been in humanitarian crazies

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Speaker 4: for many, many, many years now, more than two decades.

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Speaker 4: And yeah, it's just quite crazy. It's absolutely insane.

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Speaker 2: My gosh, both of us screeching wash at the same time.

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Speaker 2: That's actually insane. I have so many questions about that.

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Speaker 2: We'll do it straight after the break, but that is

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Speaker 2: such a special thing that you do for your parents

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Speaker 2: before we do get into the thick of it. Though,

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Speaker 2: I wan't know what would you grade your money habits

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Speaker 2: if we forced you to give yourself a grade.

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Speaker 4: So I would give myself a B minus because I

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Speaker 4: think I still need to learn a lot more about investments.

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Speaker 4: I want to be more independent not just have these

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Speaker 4: self guided platforms. And also I need to learn better

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Speaker 4: where my pension money is, what are they doing with it,

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Speaker 4: and how would it be consolidated once I retire? So yeah,

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Speaker 4: I still think that there are things that can improve,

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Speaker 4: so be minus.

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Speaker 2: Yeah cool, All right, Well, don't go anywhere, because after

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Speaker 2: this break, I want to ask you all about how

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Speaker 2: you're supporting your parents and have moved so many times internationally.

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Speaker 2: Don't go anywhere, all right? Diving back in, you mentioned

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Speaker 2: before that you and your sister completely financially support your parents,

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Speaker 2: which is a massive undertaking for anybody. How did that eventuate?

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Speaker 2: Tell me a little bit more about that.

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Speaker 4: It has been a lifetime of four decisions. Let's say,

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Speaker 4: like I said before, my parents never really liked working

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Speaker 4: for someone, so they would start businesses that would then fail,

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Speaker 4: and it just went on like that for their entire

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Speaker 4: lives basically. And then the last decision that they made

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Speaker 4: was to move to Venezuela when the political situation of

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Speaker 4: the country was already bad, even though it kind of

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Speaker 4: made sense for them at the time because with what

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Speaker 4: they had they would really be able to survive better

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Speaker 4: in Venezuela financially speaking, let's say, but then yeah, things

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Speaker 4: just went from there and now they don't work anymore.

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Speaker 4: They are already in their retirement years. It's just even

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Speaker 4: if they did work. In Venezuela, the minimum salary is

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Speaker 4: twenty dollars like American dollars per per month. Oh wow,

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Speaker 4: if you go to buy groceries for like three people

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Speaker 4: in one week, you spend more than two hundred dollars.

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Speaker 2: What how do people there survive? That's insane?

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Speaker 4: Yeah, that's a very good question. So there is a

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Speaker 4: mix of people having families abroad like my parents with us,

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Speaker 4: and then there's like hustling. So people hustle a lot,

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Speaker 4: like in the black market. Let's say they just for example,

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Speaker 4: if somebody does a money petty, they can get fifteen

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Speaker 4: dollars with the money petty, and you know, like an

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Speaker 4: hour and a half versus school teacher that would be

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Speaker 4: making like twenty dollars. And this was actually the minimum

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Speaker 4: salary that they put for this year, but last year

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Speaker 4: they would be making two dollars a month a school teacher.

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Speaker 2: What that is blowing up my mind. I had absolutely

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Speaker 2: no idea, which is probably speaking to my naivety on

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Speaker 2: global circumstances.

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Speaker 4: Yeah, and it's really sad when you go there and

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Speaker 4: see the situation of the country also because you know,

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Speaker 4: it's a country that has a lot of sanctions from

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Speaker 4: the US. It's insane. But the thing is getting them

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Speaker 4: out of there would be way, way more expensive and

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Speaker 4: complicated because we would need to you know, apply for visas.

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Speaker 3: Yeah.

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Speaker 4: Wow, having them here would just completely blow up our budgets.

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Speaker 4: So while they are there, they have a house, you know,

401
00:21:44,119 --> 00:21:48,520
Speaker 4: they are overall they are incomfortable conditions. Like even if

402
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Speaker 4: there's no running water, we can send money for them

403
00:21:51,040 --> 00:21:54,160
Speaker 4: to get one of those trucks you know that bring water. Yeah,

404
00:21:54,160 --> 00:21:56,560
Speaker 4: of course, So we have the advantage that we can

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Speaker 4: send money here and it just goes a long way

406
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Speaker 4: more than if we had them here with us because

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Speaker 4: there it's also three people. My aunt also lives there,

408
00:22:07,800 --> 00:22:13,840
Speaker 4: So yeah, being stuck between irock and hard play sometimes.

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Speaker 4: But yeah, luckily we make good money and we can

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Speaker 4: provide for them.

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Speaker 2: I'm sure your parents are so incredibly proud of you

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Speaker 2: and how you're able to support them like that is

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Speaker 2: an epic achievement for anybody. But I want to know,

414
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Speaker 2: how did you pick your career how did you go?

415
00:22:30,359 --> 00:22:33,400
Speaker 2: All right, well, you've obviously got a really good income.

416
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Speaker 2: How did you end up down the path you're down?

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Speaker 4: So I started software engineering as my bachelor degree, and

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Speaker 4: then most of the countries I lived in was growing up,

419
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Speaker 4: but as an adult, I've only lived in my home

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Speaker 4: country where I finish UNI, and I also started quite late,

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Speaker 4: so I moved to France in two thousand and eight.

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Speaker 4: I became financially independent in two thousand and nine once

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Speaker 4: I had my internship from my master degree. My master

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Speaker 4: was in project management, so I was always very determined

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Speaker 4: and stubborn, let's say, on what I wanted. So I

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Speaker 4: set very clear goals for myself and I knew, for example,

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Speaker 4: regarding my career that I didn't want to do anything

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Speaker 4: that was not linked somehow to project management. And I'm

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Speaker 4: very happy because two years ago, in my previous job,

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Speaker 4: I finally got the project manager type of role that

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Speaker 4: I always wanted. So it took a while to get there.

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Speaker 4: I had a variety of jobs, but everything was you

433
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Speaker 4: know around software development manager, release manager, things like that

434
00:23:39,960 --> 00:23:44,000
Speaker 4: that require a lot of project management skills, and yeah,

435
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Speaker 4: I think that that was it. I have been following

436
00:23:48,280 --> 00:23:50,840
Speaker 4: a bit as well my intuition, and just very very

437
00:23:50,880 --> 00:23:53,480
Speaker 4: determined with the goals that I set for myself and

438
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Speaker 4: just not giving up on that.

439
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Speaker 2: I can say, you're very determined. Everything you're doing is

440
00:23:59,840 --> 00:24:02,120
Speaker 2: to telling me you're incredibly determined.

441
00:24:03,040 --> 00:24:03,520
Speaker 4: Thanks.

442
00:24:03,680 --> 00:24:07,600
Speaker 3: I had a question about your I suppose journey. You know,

443
00:24:07,640 --> 00:24:12,280
Speaker 3: you've lived in seven different countries, which is incredible. How

444
00:24:12,320 --> 00:24:16,359
Speaker 3: have you found managing finances because, as we've just heard,

445
00:24:16,400 --> 00:24:19,760
Speaker 3: obviously the financial situation in where you are now compared

446
00:24:19,800 --> 00:24:22,240
Speaker 3: to here in Australia, compared to where your parents are,

447
00:24:22,720 --> 00:24:26,439
Speaker 3: it's all very different. How have you found navigating a

448
00:24:26,520 --> 00:24:29,280
Speaker 3: whole new financial system every time you start in a

449
00:24:29,320 --> 00:24:30,040
Speaker 3: new country.

450
00:24:30,320 --> 00:24:32,760
Speaker 4: Yeah. So, like I said, I did most of my

451
00:24:33,560 --> 00:24:36,000
Speaker 4: moving around when I was younger and when I was

452
00:24:36,200 --> 00:24:40,080
Speaker 4: financially dependent. But I think what I've noticed the most

453
00:24:40,119 --> 00:24:43,719
Speaker 4: nowadays is that I actually had no idea about finances.

454
00:24:43,720 --> 00:24:45,800
Speaker 4: For me, it was just like, Okay, you get a

455
00:24:45,800 --> 00:24:48,800
Speaker 4: bank account and they pay your salary in the bank

456
00:24:48,800 --> 00:24:52,000
Speaker 4: account and that's it. You try to budget throughout the month.

457
00:24:52,119 --> 00:24:52,359
Speaker 3: Yeah.

458
00:24:52,680 --> 00:24:56,720
Speaker 4: I do think that now a days. If I move again,

459
00:24:56,760 --> 00:24:59,280
Speaker 4: which I'm pretty sure I will be doing at some point,

460
00:25:00,040 --> 00:25:02,080
Speaker 4: one of the things that I would take into consideration

461
00:25:02,200 --> 00:25:04,560
Speaker 4: when I move is not do I like the city

462
00:25:04,680 --> 00:25:06,439
Speaker 4: or the country, and you know, does it seem like

463
00:25:06,440 --> 00:25:08,840
Speaker 4: a cool place to live? Because that was before kind

464
00:25:08,880 --> 00:25:11,440
Speaker 4: of my goal is just like, oh I would really

465
00:25:11,520 --> 00:25:13,320
Speaker 4: like to live in Paris, you know, when I really

466
00:25:13,359 --> 00:25:16,560
Speaker 4: want to live in Amsterdam. But I think now I

467
00:25:16,600 --> 00:25:19,480
Speaker 4: am more conscious of taking care of those things like

468
00:25:19,520 --> 00:25:22,760
Speaker 4: what are the finances, what are the pension plans? How

469
00:25:23,160 --> 00:25:26,520
Speaker 4: will I manage to get the pension plan? If I

470
00:25:26,600 --> 00:25:28,800
Speaker 4: move to some country in Asia? How am I going

471
00:25:28,840 --> 00:25:31,960
Speaker 4: to be able to compensate that with what I have now?

472
00:25:32,400 --> 00:25:35,399
Speaker 4: So I think if I can give an advice to

473
00:25:36,040 --> 00:25:39,359
Speaker 4: myself and other people that are experts and move around

474
00:25:39,359 --> 00:25:46,000
Speaker 4: a lot, is definitely investigates research more about how finances

475
00:25:46,040 --> 00:25:49,720
Speaker 4: work and what advantages you can take, Like, for example,

476
00:25:49,800 --> 00:25:51,919
Speaker 4: if I decided to move to Australia, I would know

477
00:25:52,000 --> 00:25:52,480
Speaker 4: so much.

478
00:25:54,359 --> 00:25:57,920
Speaker 2: That's so good. We can be the best friends.

479
00:26:00,200 --> 00:26:03,240
Speaker 4: Yeah, I think that doubts it. It does change quite

480
00:26:03,280 --> 00:26:05,800
Speaker 4: a lot, and it's something that you definitely need to

481
00:26:06,359 --> 00:26:09,240
Speaker 4: research in advance. I'd be more mindful and make sure

482
00:26:09,440 --> 00:26:12,960
Speaker 4: is this really going to help my financial goals? Especially

483
00:26:12,960 --> 00:26:15,920
Speaker 4: if you're already in your thirties. It's something good.

484
00:26:16,160 --> 00:26:18,600
Speaker 3: Speaking of those goals, you just said that you're pretty

485
00:26:18,680 --> 00:26:21,720
Speaker 3: sure you're going to move again. Where did you want

486
00:26:21,760 --> 00:26:23,280
Speaker 3: to move and why do you want to move? Because

487
00:26:23,280 --> 00:26:25,639
Speaker 3: you've obviously set yourself up, You've bought your apartment that

488
00:26:25,680 --> 00:26:27,840
Speaker 3: you've got for you and your two little gorgeous kiddies.

489
00:26:28,359 --> 00:26:31,120
Speaker 3: What makes you feel like you will want to move

490
00:26:31,160 --> 00:26:33,080
Speaker 3: again in the future.

491
00:26:33,440 --> 00:26:35,920
Speaker 4: I am a nomad at heart. I mean the first

492
00:26:35,920 --> 00:26:37,960
Speaker 4: time that I moved to another country, I was four

493
00:26:38,080 --> 00:26:43,400
Speaker 4: years old and I just started getting itchy feet. So

494
00:26:42,080 --> 00:26:45,760
Speaker 4: it's going to be five years in January that I

495
00:26:45,840 --> 00:26:49,439
Speaker 4: live in the Netherlands. I've been wanting, for example, to

496
00:26:49,560 --> 00:26:52,600
Speaker 4: live for a while somewhere in Asia, so I would

497
00:26:52,600 --> 00:26:55,200
Speaker 4: love to live in South Korea. I'm not sure if

498
00:26:55,200 --> 00:26:59,159
Speaker 4: that's going to happen because it's complicated not speaking the

499
00:26:59,240 --> 00:27:01,560
Speaker 4: language for the that I do. Yeah, but I would

500
00:27:01,560 --> 00:27:04,880
Speaker 4: definitely like to leave for a year or two somewhere

501
00:27:04,880 --> 00:27:07,520
Speaker 4: in Asia, so I can also take advantage of that

502
00:27:07,600 --> 00:27:11,800
Speaker 4: time to travel around Asia and you know Australia well

503
00:27:11,840 --> 00:27:13,600
Speaker 4: apec general. Wow.

504
00:27:13,680 --> 00:27:16,120
Speaker 2: Okay, but what will you do with your apartment if

505
00:27:16,119 --> 00:27:18,679
Speaker 2: you leave? Will you rent it out or will you

506
00:27:18,720 --> 00:27:19,160
Speaker 2: sell it?

507
00:27:19,359 --> 00:27:21,960
Speaker 4: I would rent it out because like, this is a

508
00:27:22,040 --> 00:27:25,240
Speaker 4: gold mine to have property in Amsterdam, so there's no way.

509
00:27:25,080 --> 00:27:26,960
Speaker 2: I would tell I did wander.

510
00:27:27,119 --> 00:27:32,320
Speaker 4: Yeah, yeah, exactly, So I would definitely rent it out,

511
00:27:32,560 --> 00:27:36,200
Speaker 4: and potentially if I do sell it at some point,

512
00:27:36,480 --> 00:27:39,959
Speaker 4: I would do it towards, you know, my retirement and

513
00:27:40,040 --> 00:27:43,359
Speaker 4: buy somewhere something else. I don't want to retire in

514
00:27:43,400 --> 00:27:45,879
Speaker 4: the Netherlands, That's something that I know for sure, because

515
00:27:45,920 --> 00:27:48,560
Speaker 4: the health system here is not that great compared to

516
00:27:48,600 --> 00:27:52,679
Speaker 4: other European countries, so I will probably move back to

517
00:27:52,880 --> 00:27:57,000
Speaker 4: either France or Spain for my retirement. And yeah, buying

518
00:27:57,040 --> 00:27:59,560
Speaker 4: a house or an apartment there is much cheaper.

519
00:27:59,560 --> 00:28:02,000
Speaker 2: All rightist in Jess, I think that is all we

520
00:28:02,119 --> 00:28:04,920
Speaker 2: have time for today. Money doists. Thank you so much

521
00:28:04,960 --> 00:28:08,280
Speaker 2: for joining us all the way from Amsterdam in the Netherlands.

522
00:28:08,720 --> 00:28:11,320
Speaker 4: You're welcome. Thank you very much for having me. I'm

523
00:28:11,400 --> 00:28:14,960
Speaker 4: so excited that he took an international money dish.

524
00:28:15,040 --> 00:28:18,560
Speaker 2: My gosh, I'm so excited too. Thank you so much.

525
00:28:18,920 --> 00:28:21,760
Speaker 2: With that, though, Jess, unfortunately it is time to rap

526
00:28:21,800 --> 00:28:24,000
Speaker 2: the boring but important stuff. Take it away.

527
00:28:24,280 --> 00:28:26,679
Speaker 3: Don't forget guys, the advice shed on she's on the

528
00:28:26,680 --> 00:28:29,080
Speaker 3: money is generally in nature and does not consider your

529
00:28:29,080 --> 00:28:32,880
Speaker 3: individual circumstances. She's on the money exist purely for educational

530
00:28:32,880 --> 00:28:35,000
Speaker 3: purposes and should not be allied upon to make an

531
00:28:35,000 --> 00:28:38,680
Speaker 3: investment or a financial decision. And we promise Victoria divine

532
00:28:38,680 --> 00:28:41,560
Speaker 3: and she's on the money out Authorized Representatives of Infocused

533
00:28:41,560 --> 00:28:45,600
Speaker 3: Securities Australia Proprietary Limited ABN four seven oh nine seven

534
00:28:45,680 --> 00:28:49,320
Speaker 3: seven nine seven four nine AFSL two three six five two.

535
00:28:49,160 --> 00:28:50,520
Speaker 2: Three See you on Wednesday.

536
00:28:50,560 --> 00:28:50,920
Speaker 1: Guys.

537
00:28:51,120 --> 00:29:02,840
Speaker 3: Bye,