1
00:00:00,680 --> 00:00:05,040
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order

2
00:00:05,160 --> 00:00:08,760
Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we

3
00:00:08,800 --> 00:00:11,440
Speaker 1: get started on She's on the Money podcast, I would

4
00:00:11,520 --> 00:00:14,520
Speaker 1: like to acknowledge the traditional custodians of the land of

5
00:00:14,560 --> 00:00:18,680
Speaker 1: which this podcast is recorded on a wondery country, acknowledging

6
00:00:18,680 --> 00:00:22,560
Speaker 1: the elders, the ancestors and the next generation coming through

7
00:00:23,040 --> 00:00:27,159
Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and

8
00:00:27,200 --> 00:00:30,560
Speaker 1: the storytelling of you to make a difference for today

9
00:00:31,040 --> 00:00:33,080
Speaker 1: and lasting impactful tomorrow.

10
00:00:33,320 --> 00:00:34,200
Speaker 2: Let's get into it.

11
00:00:34,360 --> 00:00:53,600
Speaker 3: She's on the Money, She's on the Money.

12
00:00:57,480 --> 00:01:00,640
Speaker 2: Hello, and welcome to She's on the Money. The podcast

13
00:01:00,680 --> 00:01:04,480
Speaker 2: were millennials who want financial freedom. Welcome back to another

14
00:01:04,480 --> 00:01:06,880
Speaker 2: one of our money daries where I get the absolute

15
00:01:06,880 --> 00:01:08,920
Speaker 2: pleasure of sitting down with one of our She's on

16
00:01:08,959 --> 00:01:12,080
Speaker 2: the Money community members and talking to them all about

17
00:01:12,080 --> 00:01:15,160
Speaker 2: their money story. Let's jump straight into it, because this

18
00:01:15,280 --> 00:01:18,440
Speaker 2: week I got a message and it sounded exactly like this,

19
00:01:19,120 --> 00:01:21,919
Speaker 2: Dear She's on the Money. I've always had a strong

20
00:01:21,959 --> 00:01:25,319
Speaker 2: work ethic, but my poor spending habits keep me living

21
00:01:25,480 --> 00:01:29,120
Speaker 2: paycheck to paycheck. Things worsened when I got an interest

22
00:01:29,160 --> 00:01:32,120
Speaker 2: free finance card for some furniture while I was seeing

23
00:01:32,160 --> 00:01:36,080
Speaker 2: someone with a secret gambling habit. The debt piled up

24
00:01:36,160 --> 00:01:38,760
Speaker 2: until I met my now partner, who helped me develop

25
00:01:38,760 --> 00:01:42,120
Speaker 2: a plan to get back on track. Despite being told

26
00:01:42,200 --> 00:01:45,119
Speaker 2: we couldn't get a mortgage, we persisted and built our

27
00:01:45,280 --> 00:01:48,600
Speaker 2: first house on a tight budget. We then went on

28
00:01:48,760 --> 00:01:51,520
Speaker 2: to make three hundred thousand dollars profit on its sale,

29
00:01:51,760 --> 00:01:56,600
Speaker 2: significantly improving our financial situation. Today, we own a beautiful

30
00:01:56,600 --> 00:02:00,520
Speaker 2: property on two point seven acres and a planning our wedding.

31
00:02:01,040 --> 00:02:03,760
Speaker 2: We can now put an additional two thousand dollars a

32
00:02:03,840 --> 00:02:06,440
Speaker 2: fortnight towards our mortgage, and my goal is to be

33
00:02:06,560 --> 00:02:11,280
Speaker 2: debt free by the time I turn thirty three, Money Diarist,

34
00:02:11,680 --> 00:02:12,520
Speaker 2: Are you for real?

35
00:02:12,680 --> 00:02:13,799
Speaker 4: I'm very how exciting.

36
00:02:15,320 --> 00:02:18,280
Speaker 2: That's beyond exciting, going from being like, oh, I've got

37
00:02:18,320 --> 00:02:22,480
Speaker 2: really pausmanning habits. My douchebag of a partner has a

38
00:02:22,520 --> 00:02:25,160
Speaker 2: secret gambling habit to being like, oh, by the way,

39
00:02:25,320 --> 00:02:28,120
Speaker 2: I live on acreage like me for real? That is

40
00:02:28,240 --> 00:02:30,240
Speaker 2: so cool. Are you proud of yourself?

41
00:02:30,400 --> 00:02:31,720
Speaker 4: I'm so proud of myself.

42
00:02:32,200 --> 00:02:34,240
Speaker 2: I think that is the coolest can we dive in?

43
00:02:34,240 --> 00:02:37,919
Speaker 2: Because I've got so many questions before we dive into

44
00:02:38,000 --> 00:02:40,080
Speaker 2: the juicy be its. I want to know if I

45
00:02:40,120 --> 00:02:42,079
Speaker 2: asked you to give your money habits a grade from

46
00:02:42,160 --> 00:02:44,359
Speaker 2: A through to F, what would you grade them?

47
00:02:44,639 --> 00:02:47,600
Speaker 4: I think I'd give myself a B plus. I definitely

48
00:02:47,600 --> 00:02:49,880
Speaker 4: have come a long way, but I also still have

49
00:02:49,960 --> 00:02:51,200
Speaker 4: a very long way to go.

50
00:02:51,600 --> 00:02:54,519
Speaker 2: Okay, all right, I don't know what a very long

51
00:02:54,560 --> 00:02:56,880
Speaker 2: way looks like to you. Given your plan is to

52
00:02:56,880 --> 00:03:00,400
Speaker 2: be debt free by by thirty three, I'm thirty three

53
00:03:00,440 --> 00:03:04,960
Speaker 2: and mortgaged to my eyeballs. I could be for real.

54
00:03:05,120 --> 00:03:07,840
Speaker 2: That is a pipe dream. So let's dive further in

55
00:03:08,120 --> 00:03:10,400
Speaker 2: money does Can you tell me a little bit more

56
00:03:10,560 --> 00:03:11,760
Speaker 2: about your money story?

57
00:03:12,040 --> 00:03:15,799
Speaker 4: Yeah, so, my family have always had money, but it's

58
00:03:15,840 --> 00:03:19,639
Speaker 4: definitely not been something that we talk about. So growing up,

59
00:03:19,760 --> 00:03:22,320
Speaker 4: when I got my first job, I sort of didn't

60
00:03:22,360 --> 00:03:24,760
Speaker 4: have any guidance. They always told me to save money,

61
00:03:24,760 --> 00:03:28,640
Speaker 4: but I didn't have any guidance in unsaving. So once

62
00:03:28,680 --> 00:03:32,160
Speaker 4: I could work, I think I got three jobs by

63
00:03:32,160 --> 00:03:34,200
Speaker 4: the end of that year. When I turned fifteen.

64
00:03:34,320 --> 00:03:36,560
Speaker 2: Oh my gosh, I had three jobs at fifteen.

65
00:03:37,000 --> 00:03:41,320
Speaker 4: Yeah, so I've basically always had three jobs and like

66
00:03:41,400 --> 00:03:43,320
Speaker 4: I've always had a really good income, but I've just

67
00:03:43,400 --> 00:03:46,840
Speaker 4: never I just don't know where my money goes. I

68
00:03:46,880 --> 00:03:50,200
Speaker 4: didn't know where my money went. And then I moved

69
00:03:50,240 --> 00:03:52,560
Speaker 4: overseas for a little bit. When I had to come

70
00:03:52,640 --> 00:03:56,880
Speaker 4: home because I had no money and I didn't want

71
00:03:56,880 --> 00:03:57,920
Speaker 4: to ask my parents.

72
00:03:57,680 --> 00:04:01,200
Speaker 2: For money, it ran out of cash. Annoying. You're like

73
00:04:01,320 --> 00:04:04,080
Speaker 2: living your best life and then you're like, oh, but

74
00:04:04,240 --> 00:04:08,040
Speaker 2: also that's kind of a big decision if you were

75
00:04:08,080 --> 00:04:10,680
Speaker 2: in the situation where maybe you could have asked your

76
00:04:10,720 --> 00:04:14,640
Speaker 2: parents for cash and then didn't. Like why if you

77
00:04:14,680 --> 00:04:16,719
Speaker 2: were in that situation, did you go No, I don't

78
00:04:16,760 --> 00:04:18,680
Speaker 2: want to do that, because like I'm not saying that

79
00:04:18,920 --> 00:04:21,120
Speaker 2: you should, but I think a lot of people, if

80
00:04:21,120 --> 00:04:23,320
Speaker 2: they were already overseas, they would have been like, oh,

81
00:04:23,400 --> 00:04:24,920
Speaker 2: I'm just going to call up the bank of Mum

82
00:04:24,960 --> 00:04:25,320
Speaker 2: and dad.

83
00:04:25,520 --> 00:04:28,159
Speaker 4: Yeah. So I think my problem is is like my

84
00:04:28,240 --> 00:04:31,680
Speaker 4: family have money, but like I just feel a bit

85
00:04:31,720 --> 00:04:34,640
Speaker 4: guilty asking them. And I also don't like owing people.

86
00:04:35,120 --> 00:04:37,840
Speaker 2: I get that I hate owing people money and they.

87
00:04:37,760 --> 00:04:40,359
Speaker 4: Would be fine and they would have wanted me, like

88
00:04:40,480 --> 00:04:41,680
Speaker 4: if I had a asked for it, they would have

89
00:04:41,720 --> 00:04:43,760
Speaker 4: given it to me, but I think as well, I

90
00:04:43,839 --> 00:04:45,719
Speaker 4: was just a bit overwhelmed with how I was spending

91
00:04:45,720 --> 00:04:47,920
Speaker 4: the money, and then I just thought it was also

92
00:04:47,960 --> 00:04:51,120
Speaker 4: time to come home because I had started studying nursing,

93
00:04:51,240 --> 00:04:55,040
Speaker 4: and then I took a gap year and came back

94
00:04:55,240 --> 00:04:56,839
Speaker 4: to finish it as well.

95
00:04:57,240 --> 00:04:59,159
Speaker 2: Oh okay, so it's like, not the worst thing that

96
00:04:59,200 --> 00:05:02,520
Speaker 2: you moved home, but a bit disheartening if you're over

97
00:05:02,520 --> 00:05:05,320
Speaker 2: there link Oh I hate this. But also I get

98
00:05:05,320 --> 00:05:07,320
Speaker 2: to go home and I get to study, and I've

99
00:05:07,320 --> 00:05:09,560
Speaker 2: got a whole heap waiting for me. So you studied

100
00:05:09,600 --> 00:05:10,480
Speaker 2: and then what next?

101
00:05:10,880 --> 00:05:13,280
Speaker 4: Yeah. So while I was studying, so one of the

102
00:05:13,320 --> 00:05:16,640
Speaker 4: things that set me back a bit was I had

103
00:05:16,680 --> 00:05:19,480
Speaker 4: a friend and she actually asked me to go garanteur

104
00:05:20,160 --> 00:05:22,159
Speaker 4: for her, and at the time, I didn't know what

105
00:05:22,240 --> 00:05:25,320
Speaker 4: garanteur really meant. She made it sound like it was

106
00:05:25,360 --> 00:05:27,440
Speaker 4: going to be fine. She took her ten thousand dollars

107
00:05:27,440 --> 00:05:32,280
Speaker 4: alone at forty something percent interest and what just to

108
00:05:32,320 --> 00:05:34,520
Speaker 4: get out of debt, and she was really stressed and everything.

109
00:05:34,560 --> 00:05:38,320
Speaker 4: So I went guaranteur for her, which was fine for

110
00:05:38,360 --> 00:05:40,960
Speaker 4: a few months, and then things went a bit bad

111
00:05:41,000 --> 00:05:43,719
Speaker 4: for her and I ended up paying it, which was

112
00:05:43,720 --> 00:05:47,839
Speaker 4: really true. Yeah, she blocked me off everything so I

113
00:05:47,839 --> 00:05:53,240
Speaker 4: couldn't contact her, which was really awful. No, absolutely not,

114
00:05:53,680 --> 00:05:55,680
Speaker 4: but I didn't tell anyone about it because I was

115
00:05:55,720 --> 00:06:00,840
Speaker 4: really embarrassed. I felt like, oh money, dirist, No, if

116
00:06:00,880 --> 00:06:05,160
Speaker 4: I knew you, then I'd be like all right, sit down. Yeah.

117
00:06:05,200 --> 00:06:08,239
Speaker 4: And then yeah, So with the I got a furniture alone.

118
00:06:08,320 --> 00:06:10,600
Speaker 4: It wasn't much. It was only about seven hundred dollars,

119
00:06:10,600 --> 00:06:13,600
Speaker 4: but I think I was able to spend fifteen hundred.

120
00:06:14,080 --> 00:06:16,599
Speaker 4: And then I was seeing a guy at the time

121
00:06:16,839 --> 00:06:18,920
Speaker 4: and he just used to make me feel not make

122
00:06:18,960 --> 00:06:21,160
Speaker 4: me feel guilty. He made me feel sad for him

123
00:06:21,200 --> 00:06:23,640
Speaker 4: because he always said he didn't have any money. And

124
00:06:23,680 --> 00:06:25,560
Speaker 4: then I started offering him money, and then I think

125
00:06:25,600 --> 00:06:26,440
Speaker 4: he really used that.

126
00:06:26,880 --> 00:06:30,040
Speaker 2: Oh yeah he did. He absolutely did, just like your

127
00:06:30,080 --> 00:06:33,159
Speaker 2: friend abused that. Oh my gosh, you have been through

128
00:06:33,200 --> 00:06:33,960
Speaker 2: The money.

129
00:06:33,920 --> 00:06:37,920
Speaker 4: Was yeah, so he got about two thousand and five

130
00:06:38,000 --> 00:06:42,479
Speaker 4: hundred and their friend got about three thousand. So yeah,

131
00:06:42,800 --> 00:06:44,720
Speaker 4: it was just really hard. And then I started using

132
00:06:44,760 --> 00:06:46,359
Speaker 4: it was sort of like a credit card, I guess,

133
00:06:46,360 --> 00:06:49,200
Speaker 4: but not really well, I don't know. And I started

134
00:06:49,279 --> 00:06:50,320
Speaker 4: using that to get.

135
00:06:50,160 --> 00:06:54,279
Speaker 2: By absolutely not like not from you. I just I

136
00:06:54,320 --> 00:06:58,000
Speaker 2: cannot believe that other people put you in this financial position.

137
00:06:58,080 --> 00:07:00,599
Speaker 2: It wasn't I mean when you wrote it in, You're like,

138
00:07:00,640 --> 00:07:03,000
Speaker 2: I've got a strong work ethic, but my poor spending

139
00:07:03,040 --> 00:07:05,520
Speaker 2: habits kept me living paycheck to paycheck. No, no, no,

140
00:07:05,560 --> 00:07:10,160
Speaker 2: your poor friends. Yeah, your friends who abused this situation

141
00:07:10,480 --> 00:07:13,400
Speaker 2: kept you living paycheck to paycheck. Oh my god, I'm

142
00:07:13,440 --> 00:07:14,480
Speaker 2: so sorry.

143
00:07:14,640 --> 00:07:17,240
Speaker 4: It's fine. I was so embarrassed to talk about it

144
00:07:17,280 --> 00:07:19,360
Speaker 4: to people as well, so like it was sort of

145
00:07:19,360 --> 00:07:23,080
Speaker 4: my burden. And then I met my partner now, and yeah,

146
00:07:23,080 --> 00:07:25,440
Speaker 4: when we were talking about buying a house, I sort

147
00:07:25,440 --> 00:07:27,520
Speaker 4: of opened up about like the debt that I had

148
00:07:27,560 --> 00:07:31,840
Speaker 4: with the guaranteur, the guy that's just a loss for me.

149
00:07:32,280 --> 00:07:34,520
Speaker 2: Yeah, unfortunately the.

150
00:07:34,600 --> 00:07:38,600
Speaker 4: Guaranteur thing was just like that was still there, and

151
00:07:38,640 --> 00:07:41,480
Speaker 4: then the card as well. So he helped me come

152
00:07:41,560 --> 00:07:43,400
Speaker 4: up with a plan to pay off the card, and

153
00:07:43,440 --> 00:07:46,280
Speaker 4: then we tried her hardest to get in contact with

154
00:07:46,320 --> 00:07:50,080
Speaker 4: the girl. A few years later, so it was three

155
00:07:50,120 --> 00:07:54,040
Speaker 4: thousand and she did contact me. She had a partner

156
00:07:54,080 --> 00:07:57,280
Speaker 4: and he helped her pay off that and then they

157
00:07:57,320 --> 00:07:58,640
Speaker 4: eventually did pay me back.

158
00:07:58,680 --> 00:08:02,280
Speaker 2: Then, why did she ultimately block you and ghost you

159
00:08:02,440 --> 00:08:05,720
Speaker 2: instead of communicating, like what was going on there?

160
00:08:06,320 --> 00:08:09,080
Speaker 4: I think she was just going through a really bad time,

161
00:08:09,200 --> 00:08:11,800
Speaker 4: like she was going out and I could see she

162
00:08:11,920 --> 00:08:12,640
Speaker 4: was going out.

163
00:08:12,760 --> 00:08:13,840
Speaker 2: That's so annoying.

164
00:08:14,120 --> 00:08:17,880
Speaker 4: Yeah, I think it embarrassed her that she should have

165
00:08:17,960 --> 00:08:21,400
Speaker 4: been paying her word that I was paying that.

166
00:08:21,560 --> 00:08:25,480
Speaker 2: So that is insane to me that somebody would abuse

167
00:08:25,600 --> 00:08:28,040
Speaker 2: your trust like that. Obviously you were trying to do

168
00:08:28,040 --> 00:08:30,240
Speaker 2: the right thing, and yeah, you probably didn't know what

169
00:08:30,440 --> 00:08:34,360
Speaker 2: guaranteuring alone meant. And I feel like that's something that

170
00:08:34,360 --> 00:08:37,719
Speaker 2: we can all learn from because that is something that

171
00:08:38,000 --> 00:08:40,600
Speaker 2: you know, what we call shark loans do They make

172
00:08:41,320 --> 00:08:44,160
Speaker 2: friends garan tor for them so that they've got somebody

173
00:08:44,200 --> 00:08:46,920
Speaker 2: else to chase up when your friend, who arguably has

174
00:08:47,000 --> 00:08:50,000
Speaker 2: really bad credit, is not able to pay their loan.

175
00:08:50,400 --> 00:08:52,480
Speaker 2: But you wouldn't have known that at that point in time.

176
00:08:52,559 --> 00:08:54,960
Speaker 2: You thought, oh, oh, of course i'll sign for you,

177
00:08:55,040 --> 00:08:58,000
Speaker 2: like I'll make sure that you're okay, Like yeah, ah,

178
00:08:58,040 --> 00:09:00,240
Speaker 2: for someone to take advantage of you like that, it

179
00:09:00,240 --> 00:09:01,440
Speaker 2: makes me so angry.

180
00:09:01,880 --> 00:09:05,160
Speaker 4: Yeah, And in hindsight, like I am really lucky in

181
00:09:05,200 --> 00:09:07,400
Speaker 4: that it wasn't a significant amount. It could have been

182
00:09:07,440 --> 00:09:09,920
Speaker 4: a lot worse, but it just it does suck that

183
00:09:09,960 --> 00:09:11,120
Speaker 4: people take advantage of her.

184
00:09:11,160 --> 00:09:15,640
Speaker 2: Oh one, did you ever think of getting police involved

185
00:09:15,720 --> 00:09:19,000
Speaker 2: or was that not an option? Like what ultimately made

186
00:09:19,040 --> 00:09:21,319
Speaker 2: her get back in contact with you, My.

187
00:09:21,440 --> 00:09:25,559
Speaker 4: Partner contacted her because she had blocked me on everything.

188
00:09:26,200 --> 00:09:29,439
Speaker 4: She was angry at me that he had contacted her.

189
00:09:30,240 --> 00:09:34,000
Speaker 2: Sorry, sorry, I'm blocked, so I'm not able to contact you.

190
00:09:34,920 --> 00:09:37,840
Speaker 2: That it's actually on you, babe.

191
00:09:38,320 --> 00:09:41,520
Speaker 4: But then she obviously unblocked me to contact me to

192
00:09:41,600 --> 00:09:46,640
Speaker 4: tell me that he contacted her. And then she explained

193
00:09:46,960 --> 00:09:51,040
Speaker 4: that like she just had a baby as well, so yeah,

194
00:09:51,720 --> 00:09:55,480
Speaker 4: oh my gosh, like her lifestyle decisions and everything was

195
00:09:55,640 --> 00:09:58,280
Speaker 4: baffling to me because I was like, oh my god,

196
00:09:58,480 --> 00:10:02,560
Speaker 4: it wasn't a significant pain each month, but like it

197
00:10:02,640 --> 00:10:04,800
Speaker 4: added up to me. But it's something that she could

198
00:10:04,800 --> 00:10:06,600
Speaker 4: have paid, she just chose not to.

199
00:10:06,920 --> 00:10:11,000
Speaker 2: Oh and then your boyfriend calls and she's like, that's

200
00:10:11,040 --> 00:10:13,560
Speaker 2: so unfair. I can't believe it. And you're like, well, well,

201
00:10:13,600 --> 00:10:17,040
Speaker 2: well if it isn't the consequences of your own actions.

202
00:10:17,440 --> 00:10:21,360
Speaker 4: Yeah, And I think sometimes people get really defensive because

203
00:10:21,400 --> 00:10:22,360
Speaker 4: they know that they're wrong.

204
00:10:22,480 --> 00:10:25,600
Speaker 2: Oh, one hundred percent. I say this all the time

205
00:10:25,720 --> 00:10:28,240
Speaker 2: in my personal life. I'm like, if you have blocked me,

206
00:10:29,080 --> 00:10:31,480
Speaker 2: that's a reflection of you knowing that you've done the

207
00:10:31,520 --> 00:10:34,040
Speaker 2: wrong thing. Like, I'm an adult, I don't need to

208
00:10:34,040 --> 00:10:36,679
Speaker 2: block anybody. I do block people, I don't know if

209
00:10:36,679 --> 00:10:38,600
Speaker 2: they're abusing me on the internet, I think that's a

210
00:10:38,600 --> 00:10:41,280
Speaker 2: different story. But if I know you and you've chosen

211
00:10:41,320 --> 00:10:44,640
Speaker 2: to block me, that's because you know that you're doing

212
00:10:44,679 --> 00:10:47,160
Speaker 2: the wrong thing and you don't want me to see. Yeah,

213
00:10:47,200 --> 00:10:49,600
Speaker 2: it's so salty. I'm so sorry you went through that.

214
00:10:49,880 --> 00:10:52,400
Speaker 4: I completely forgot about that, and it wasn't until my

215
00:10:52,480 --> 00:10:55,120
Speaker 4: fiance was telling me when I said I was going

216
00:10:55,160 --> 00:10:57,360
Speaker 4: to do this into and I was like, oh yeah,

217
00:10:57,760 --> 00:10:58,760
Speaker 4: I completely forgot it.

218
00:10:58,880 --> 00:11:01,640
Speaker 2: And he's like, victorious love this money direst. You better

219
00:11:01,679 --> 00:11:04,640
Speaker 2: remind her. Oh my gosh. All right, well let's talk

220
00:11:04,640 --> 00:11:07,720
Speaker 2: about more exciting things. Your partner that you are with

221
00:11:07,880 --> 00:11:11,160
Speaker 2: right now sounds like a legend. I love this. He's

222
00:11:11,200 --> 00:11:13,760
Speaker 2: helped you get out of debt and then he's also

223
00:11:13,800 --> 00:11:16,160
Speaker 2: developed a plan for you to get back on track.

224
00:11:16,280 --> 00:11:19,160
Speaker 2: So did that look like budgeting and cash flow or

225
00:11:19,160 --> 00:11:21,760
Speaker 2: like what was that? Was that him, you know, showing

226
00:11:21,760 --> 00:11:24,240
Speaker 2: you through your bank accounts or like doing a spreadsheet

227
00:11:24,320 --> 00:11:25,800
Speaker 2: or were you doing you know, some stuff on the

228
00:11:25,800 --> 00:11:27,760
Speaker 2: back of an envelope? Like where did it start? How

229
00:11:27,760 --> 00:11:28,360
Speaker 2: did it work?

230
00:11:28,480 --> 00:11:31,280
Speaker 4: Yeah, so we looked at what I was spending, and

231
00:11:31,320 --> 00:11:35,280
Speaker 4: then obviously as well because we now had like a

232
00:11:35,360 --> 00:11:38,760
Speaker 4: duel income, he helped me a lot too, like shared

233
00:11:38,760 --> 00:11:41,600
Speaker 4: my expenses and helped pay off the rest of the

234
00:11:41,679 --> 00:11:44,800
Speaker 4: card loan, which was I think it was about five

235
00:11:44,880 --> 00:11:47,959
Speaker 4: hundred dollars. So we just paid that off and didn't

236
00:11:47,960 --> 00:11:50,720
Speaker 4: have to worry about it. And then I think a

237
00:11:50,760 --> 00:11:53,400
Speaker 4: lot of it I was just online shopping. So now

238
00:11:53,480 --> 00:11:57,760
Speaker 4: I'm I do not online shop a lot, even though

239
00:11:57,760 --> 00:12:01,040
Speaker 4: my algorithm terms me so much, which I'm quite smart

240
00:12:01,080 --> 00:12:01,320
Speaker 4: with that.

241
00:12:01,679 --> 00:12:05,240
Speaker 2: Girl, I'm a victim of the algorithm consistently. I don't

242
00:12:05,320 --> 00:12:08,240
Speaker 2: know how I have the level of self control that

243
00:12:08,320 --> 00:12:11,360
Speaker 2: I do have, which is dismal at this point, like

244
00:12:11,440 --> 00:12:13,640
Speaker 2: I'm still impressed that I'm not buying more.

245
00:12:14,040 --> 00:12:16,280
Speaker 4: Yeah, I know, it's so funny, Like how did you

246
00:12:16,320 --> 00:12:17,120
Speaker 4: know that I wanted that?

247
00:12:17,960 --> 00:12:20,400
Speaker 2: Oh, it's creepy. But at the same time, I'm like,

248
00:12:20,760 --> 00:12:22,000
Speaker 2: you got me, you got me.

249
00:12:22,360 --> 00:12:25,400
Speaker 4: Yeah. At that time as well was when so it

250
00:12:25,480 --> 00:12:28,320
Speaker 4: was the start of COVID when they were offering the

251
00:12:28,360 --> 00:12:32,439
Speaker 4: grants for building a home. So we just went straight

252
00:12:32,480 --> 00:12:37,080
Speaker 4: to a broker and they did everything, so we sort

253
00:12:37,120 --> 00:12:39,200
Speaker 4: of knew where the money was going. I hadn't after

254
00:12:39,240 --> 00:12:41,960
Speaker 4: pay and a zip pay account, which I had to pay.

255
00:12:42,320 --> 00:12:45,120
Speaker 2: You doubled down, you did both. I love that.

256
00:12:45,400 --> 00:12:48,520
Speaker 4: Yeah, pay and close them. They said, even if it's open,

257
00:12:49,000 --> 00:12:49,760
Speaker 4: it looks.

258
00:12:49,480 --> 00:12:54,160
Speaker 2: Like you still have yeah, which is wild, not actually wild,

259
00:12:54,200 --> 00:12:56,520
Speaker 2: it makes a lot of sense. But the way that

260
00:12:56,600 --> 00:12:59,080
Speaker 2: a mortgage broke it, because as you guys probably already know,

261
00:12:59,200 --> 00:13:02,200
Speaker 2: I own a more motgage broking business. So the way

262
00:13:02,280 --> 00:13:05,360
Speaker 2: that brokers and the banks look at it is if

263
00:13:05,400 --> 00:13:08,880
Speaker 2: you say, have a ten thousand dollars credit card, they

264
00:13:08,880 --> 00:13:11,360
Speaker 2: don't go, oh my gosh, money diarist, how much have

265
00:13:11,400 --> 00:13:14,240
Speaker 2: you spent on your credit card and you go zero dollars.

266
00:13:14,280 --> 00:13:17,600
Speaker 2: They go, you've got access to ten thousand dollars, So

267
00:13:17,720 --> 00:13:20,720
Speaker 2: therefore we're going to max out what your ten thousand

268
00:13:20,760 --> 00:13:23,319
Speaker 2: dollars is because tomorrow you could go and spend ten

269
00:13:23,360 --> 00:13:25,719
Speaker 2: thousand dollars and that would be maxed out. So they

270
00:13:25,760 --> 00:13:30,160
Speaker 2: always operate on the basis that your credit lines, so

271
00:13:30,320 --> 00:13:33,480
Speaker 2: your credit card, you're after pay, your zip pay is

272
00:13:33,559 --> 00:13:36,840
Speaker 2: maxed out, and that's how they calculate your borrowing capacity.

273
00:13:37,240 --> 00:13:38,959
Speaker 2: So they will look at it that way, which is

274
00:13:39,000 --> 00:13:41,600
Speaker 2: why your broker would have been like close those because

275
00:13:41,640 --> 00:13:45,600
Speaker 2: you probably had some nice, nice levels of credit sitting there.

276
00:13:45,920 --> 00:13:48,560
Speaker 2: But even if you had literally zero dollars on it,

277
00:13:48,640 --> 00:13:51,559
Speaker 2: the bank looks at it in a way that just goes, well, actually,

278
00:13:51,600 --> 00:13:53,480
Speaker 2: we will lend you less money because you've got that

279
00:13:53,520 --> 00:13:54,760
Speaker 2: line of credit over there.

280
00:13:55,000 --> 00:13:58,160
Speaker 4: Yeah. It was good though, because I sort of haven't

281
00:13:58,280 --> 00:14:00,920
Speaker 4: used them and it's now buy things if I have

282
00:14:01,000 --> 00:14:01,400
Speaker 4: the money.

283
00:14:01,679 --> 00:14:02,880
Speaker 2: Good.

284
00:14:03,720 --> 00:14:06,880
Speaker 4: Yeah, So we got our pre approval and then we

285
00:14:06,960 --> 00:14:11,040
Speaker 4: put an offer on a block of land and then

286
00:14:11,160 --> 00:14:12,800
Speaker 4: got a quote for the build as well. But the

287
00:14:12,840 --> 00:14:16,080
Speaker 4: first broken that we went to said that we weren't

288
00:14:16,120 --> 00:14:19,760
Speaker 4: actually able to get the mortgage for that build, just

289
00:14:19,800 --> 00:14:22,000
Speaker 4: the land. And I was like, no, I don't believe that.

290
00:14:23,200 --> 00:14:26,720
Speaker 2: You're a potato of a broker. Any good broker would

291
00:14:26,760 --> 00:14:27,800
Speaker 2: be able to find a way.

292
00:14:28,480 --> 00:14:31,280
Speaker 4: Yeah, And she was very new to her job as well.

293
00:14:31,560 --> 00:14:33,200
Speaker 2: Ah see that's hard.

294
00:14:34,080 --> 00:14:36,280
Speaker 4: Yeah, I know, I just didn't believe it. I was like, no,

295
00:14:36,400 --> 00:14:38,920
Speaker 4: I've completely changed my spending habits. I know that there's

296
00:14:39,040 --> 00:14:42,640
Speaker 4: money that we can afford and at the time, the

297
00:14:43,080 --> 00:14:45,920
Speaker 4: loan for airhouse was only sixteen hundred dollars a month.

298
00:14:46,000 --> 00:14:49,280
Speaker 2: Now it's oh my god.

299
00:14:49,600 --> 00:14:52,960
Speaker 4: Yeah, it was definitely affordable, Like rent was more expensive

300
00:14:53,000 --> 00:14:55,360
Speaker 4: than a mortgage at the time. So we went to

301
00:14:55,400 --> 00:14:58,080
Speaker 4: another broker and she was amazing. She was like, I

302
00:14:58,120 --> 00:15:00,760
Speaker 4: didn't understand what that person means. It looks like you'd

303
00:15:00,760 --> 00:15:03,360
Speaker 4: have like six hundred dollars a month left over after

304
00:15:03,560 --> 00:15:04,320
Speaker 4: all your spending.

305
00:15:04,600 --> 00:15:08,800
Speaker 2: Yeah, that's where I get really frustrated. And I adore

306
00:15:08,840 --> 00:15:12,040
Speaker 2: the industry, right like mortgage broking. I've put my heart

307
00:15:12,080 --> 00:15:14,800
Speaker 2: and soul into this, right, Like I got rid of

308
00:15:14,880 --> 00:15:17,480
Speaker 2: financial advice so I could focus on this. So if

309
00:15:17,480 --> 00:15:19,880
Speaker 2: that's not passion, I don't know what it is. And

310
00:15:20,480 --> 00:15:23,000
Speaker 2: I adore that there are so many new people entering

311
00:15:23,000 --> 00:15:28,520
Speaker 2: the industry, but I'm also often confused about how they're like,

312
00:15:28,640 --> 00:15:30,480
Speaker 2: I'm the best at this, come and see me, and

313
00:15:30,520 --> 00:15:33,080
Speaker 2: you're like, you've only been working in this for a year.

314
00:15:33,200 --> 00:15:35,920
Speaker 2: And I totally understand that you're probably really good at

315
00:15:35,960 --> 00:15:39,400
Speaker 2: basic things, but when it comes to homeland packages, when

316
00:15:39,440 --> 00:15:44,280
Speaker 2: it comes to, you know, something even slightly complex, they

317
00:15:44,400 --> 00:15:47,880
Speaker 2: just don't have the experience and they don't have the knowledge,

318
00:15:47,920 --> 00:15:50,200
Speaker 2: and a lot of it is around actually knowing where

319
00:15:50,240 --> 00:15:53,280
Speaker 2: to go. So like I might go and look, you

320
00:15:53,320 --> 00:15:55,680
Speaker 2: know on the NAB website and go they don't do this,

321
00:15:55,960 --> 00:15:57,640
Speaker 2: but you, in the back of your mind go, hold on.

322
00:15:57,760 --> 00:16:00,360
Speaker 2: I know that at some point NAB did XYZ for

323
00:16:00,400 --> 00:16:02,560
Speaker 2: this other client, and I know that BDM does this.

324
00:16:02,680 --> 00:16:04,240
Speaker 2: I'm just going to call them and see what they

325
00:16:04,280 --> 00:16:08,320
Speaker 2: can do. And you need those relationships in mortgage broking

326
00:16:08,520 --> 00:16:10,920
Speaker 2: because they're the ones that actually get you across the line,

327
00:16:11,040 --> 00:16:13,920
Speaker 2: especially right now where everything is so much harder. So

328
00:16:14,360 --> 00:16:17,240
Speaker 2: tell me, Once your new broker said, look, you can't

329
00:16:17,280 --> 00:16:19,560
Speaker 2: actually get house of land, I'll work it out for you.

330
00:16:20,280 --> 00:16:21,720
Speaker 2: What was that like? Was that exciting?

331
00:16:22,080 --> 00:16:24,840
Speaker 4: Yeah? It was amazing because the price of it wasn't

332
00:16:24,880 --> 00:16:27,760
Speaker 4: that expensive. I think it was four hundred and forty thousand,

333
00:16:27,960 --> 00:16:31,120
Speaker 4: and we got forty five thousand from the government and

334
00:16:31,160 --> 00:16:33,440
Speaker 4: we also built like a big, beautiful house.

335
00:16:33,720 --> 00:16:34,840
Speaker 2: How exciting.

336
00:16:35,200 --> 00:16:38,080
Speaker 4: Yeah, I miss it. It was a beautiful home. But

337
00:16:38,160 --> 00:16:41,760
Speaker 4: I love really living now. And then yeah, so we

338
00:16:41,840 --> 00:16:45,160
Speaker 4: lived in that for two years and this house out

339
00:16:45,200 --> 00:16:49,080
Speaker 4: of town became available, and so my grandfather and my

340
00:16:49,480 --> 00:16:53,640
Speaker 4: uncle are both the estate agents. And I just asked

341
00:16:53,680 --> 00:16:56,040
Speaker 4: for some advice. And because it was such a rundown

342
00:16:56,120 --> 00:16:58,720
Speaker 4: house and it obviously needed a lot of renovations. If

343
00:16:58,720 --> 00:17:01,000
Speaker 4: they hadn't cleaned it up, they could have made one

344
00:17:01,080 --> 00:17:04,120
Speaker 4: hundred thousand dollars more than what we paid. But because

345
00:17:04,160 --> 00:17:06,719
Speaker 4: it was so rundown, we got it a lot cheaper.

346
00:17:07,359 --> 00:17:11,040
Speaker 4: And also because the housing market just went crazy, we

347
00:17:11,119 --> 00:17:14,680
Speaker 4: made a three hundred and something dollar profit. Oh my god.

348
00:17:15,280 --> 00:17:17,879
Speaker 2: Yeah, that's one of the reasons I got my first

349
00:17:17,880 --> 00:17:20,320
Speaker 2: house cheaper. Actually was because they didn't want to come

350
00:17:20,359 --> 00:17:23,520
Speaker 2: back and like tidy it up and get rid of everything,

351
00:17:23,680 --> 00:17:25,480
Speaker 2: and they weren't in the country at the time, and

352
00:17:25,520 --> 00:17:28,320
Speaker 2: they like even had like furniture and stuff that we

353
00:17:28,400 --> 00:17:30,320
Speaker 2: had to get rid of, like and it was I

354
00:17:30,400 --> 00:17:32,399
Speaker 2: was like, that's fine, that's fine, I'll take your not

355
00:17:32,480 --> 00:17:34,440
Speaker 2: so good house. I'll clean it up. It will be

356
00:17:34,520 --> 00:17:37,119
Speaker 2: perfect for us. But you can save some good money

357
00:17:37,119 --> 00:17:37,480
Speaker 2: that way.

358
00:17:37,720 --> 00:17:40,000
Speaker 4: And also a lot of people that looked at the

359
00:17:40,040 --> 00:17:43,320
Speaker 4: house because we were like, there were a few it's

360
00:17:43,359 --> 00:17:45,960
Speaker 4: a lot of work, so like that's de terrent for

361
00:17:46,040 --> 00:17:46,639
Speaker 4: people to that.

362
00:17:47,119 --> 00:17:49,919
Speaker 2: I was like, I want it, yeah, how good? And

363
00:17:50,000 --> 00:17:52,840
Speaker 2: so then you made three hundred thousand dollars on that property,

364
00:17:52,880 --> 00:17:53,880
Speaker 2: and then what happened.

365
00:17:54,200 --> 00:17:57,679
Speaker 4: Yeah, so when we saw our house, we both had carloons.

366
00:17:57,880 --> 00:18:01,200
Speaker 4: I had just taken out a thirty one thousand or

367
00:18:01,240 --> 00:18:04,719
Speaker 4: the carlon which I paid off straight away basically, and

368
00:18:04,760 --> 00:18:08,240
Speaker 4: then he paid off his. He had about ten thousand left.

369
00:18:09,480 --> 00:18:13,720
Speaker 4: We put two hundred and sixty thousand towards the house

370
00:18:13,760 --> 00:18:16,640
Speaker 4: so we didn't have to pay the LMI, and then

371
00:18:16,680 --> 00:18:21,080
Speaker 4: we had thirty thousand leftover for renovations as well. So

372
00:18:21,119 --> 00:18:25,560
Speaker 4: we've done. I painted the house myself and my partner

373
00:18:26,000 --> 00:18:28,280
Speaker 4: took down walls and did all that sort of stuff,

374
00:18:28,359 --> 00:18:31,119
Speaker 4: and then we paid for a new kitchen, and then

375
00:18:31,160 --> 00:18:33,359
Speaker 4: we're just slowly renovating the rest as we go.

376
00:18:33,640 --> 00:18:37,600
Speaker 2: How exciting. I just did my kitchen. Did you see

377
00:18:37,600 --> 00:18:38,160
Speaker 2: did you see?

378
00:18:38,359 --> 00:18:39,440
Speaker 4: Yeah? The computer one?

379
00:18:39,800 --> 00:18:42,240
Speaker 2: Oh my gosh, yes? Did you do your own kitchen

380
00:18:42,320 --> 00:18:43,520
Speaker 2: or did you have one installed?

381
00:18:43,600 --> 00:18:43,679
Speaker 1: Like?

382
00:18:43,720 --> 00:18:46,560
Speaker 2: How did that work? Because I'm obsessed. I basically am

383
00:18:46,600 --> 00:18:49,240
Speaker 2: a kitchen renovator. Now, I like, you let me know,

384
00:18:49,359 --> 00:18:51,720
Speaker 2: I'll design your kitchen. You let me know, I'll show

385
00:18:51,760 --> 00:18:54,320
Speaker 2: you how to do it. It's harder than I thought

386
00:18:54,359 --> 00:18:56,960
Speaker 2: it would be, as in like just time wise but

387
00:18:57,520 --> 00:19:00,399
Speaker 2: so gratifying, like people come over and I'm like made that.

388
00:19:01,560 --> 00:19:03,760
Speaker 4: So we actually did want to try the Cabudle kitchen,

389
00:19:03,880 --> 00:19:07,040
Speaker 4: but I wanted like a big farmhouse sink.

390
00:19:07,359 --> 00:19:08,240
Speaker 2: Oh yeah.

391
00:19:08,400 --> 00:19:10,840
Speaker 4: It was yes, specific things that I wanted that Kabuda

392
00:19:10,880 --> 00:19:14,159
Speaker 4: couldn't do. And the price that they gave us was

393
00:19:14,280 --> 00:19:15,280
Speaker 4: fourteen thousand.

394
00:19:15,560 --> 00:19:16,600
Speaker 2: Oh that's pretty good.

395
00:19:16,920 --> 00:19:20,440
Speaker 4: Yeah, the person who actually did ours was only seventeen thousand,

396
00:19:20,480 --> 00:19:22,240
Speaker 4: and we got exactly what we wanted.

397
00:19:22,280 --> 00:19:25,840
Speaker 2: So how good? And you got that big farmhouse vibe? Yeah,

398
00:19:25,920 --> 00:19:28,040
Speaker 2: oh my gosh, I love it. Are you talking like

399
00:19:28,119 --> 00:19:29,800
Speaker 2: the big I don't know if anyone else is going

400
00:19:29,880 --> 00:19:32,160
Speaker 2: to care, but like the big white farmhouse like one

401
00:19:32,200 --> 00:19:34,560
Speaker 2: that kind of sticks out a little bit. Yeah, oh

402
00:19:34,560 --> 00:19:37,280
Speaker 2: my god, I love it. I have those saved on Pinterest.

403
00:19:37,520 --> 00:19:39,720
Speaker 2: I do not have a house that that could fit in.

404
00:19:39,960 --> 00:19:42,159
Speaker 2: But one day, one day, all right, we're on the

405
00:19:42,160 --> 00:19:45,080
Speaker 2: same page. I love this. So you put in your kitchen,

406
00:19:45,400 --> 00:19:48,720
Speaker 2: You've now moved in, you're on two point seven acres

407
00:19:49,600 --> 00:19:53,600
Speaker 2: and you got engaged. Yes, when did you get engaged?

408
00:19:54,119 --> 00:19:57,359
Speaker 4: I got engaged in April, so my part and I

409
00:19:57,359 --> 00:20:02,320
Speaker 4: had been to go, Oh it's fresh's so very freshly engaged.

410
00:20:02,600 --> 00:20:05,480
Speaker 2: How exciting? And now you're planning a wedding? What's that process?

411
00:20:05,640 --> 00:20:05,720
Speaker 1: Like?

412
00:20:06,119 --> 00:20:08,800
Speaker 4: Well, we sort of had already talked about it heats anyway,

413
00:20:08,880 --> 00:20:11,480
Speaker 4: so and a few of my friends had just got married,

414
00:20:11,560 --> 00:20:14,520
Speaker 4: so I had a lot of information about it. A

415
00:20:14,560 --> 00:20:16,879
Speaker 4: lot of people aren't taking bookings though, because it is

416
00:20:16,960 --> 00:20:17,680
Speaker 4: so far away.

417
00:20:17,920 --> 00:20:19,879
Speaker 2: Oh my gosh, when are you planning on getting married?

418
00:20:20,160 --> 00:20:21,880
Speaker 4: So March twenty six?

419
00:20:22,320 --> 00:20:24,320
Speaker 2: I love that. That's going to give you so much

420
00:20:24,359 --> 00:20:27,520
Speaker 2: good lead up. Yeah, like how good? And have you

421
00:20:27,560 --> 00:20:30,320
Speaker 2: got like a little calendar reminder in your calendar for

422
00:20:30,400 --> 00:20:32,480
Speaker 2: the day that the venue you want is going to

423
00:20:32,480 --> 00:20:33,560
Speaker 2: start taking bookings.

424
00:20:33,920 --> 00:20:35,880
Speaker 4: No, so we're just having it at a house.

425
00:20:36,080 --> 00:20:37,040
Speaker 2: Oh perfect?

426
00:20:38,240 --> 00:20:38,840
Speaker 4: How cool?

427
00:20:38,880 --> 00:20:39,800
Speaker 2: So what's the plan?

428
00:20:40,119 --> 00:20:43,200
Speaker 4: So it's actually perfect because it means that my part,

429
00:20:43,480 --> 00:20:46,040
Speaker 4: my part is a landscaper, so we want to do

430
00:20:46,080 --> 00:20:48,240
Speaker 4: the landscaping at our house. But it just hasn't been

431
00:20:48,320 --> 00:20:51,080
Speaker 4: an urgency, whereas now we want the house looking beautiful.

432
00:20:51,359 --> 00:20:52,960
Speaker 2: Oh you're going to have to plant now so that

433
00:20:53,000 --> 00:20:56,320
Speaker 2: they're beautifully established. Yeah, I'm going to put my wedding

434
00:20:56,320 --> 00:20:59,080
Speaker 2: budget into that instead, and then you get to keep it.

435
00:20:59,359 --> 00:21:00,800
Speaker 2: Yeah you guys, genius.

436
00:21:01,119 --> 00:21:05,400
Speaker 4: Yeah, And obviously because we have the land. I got

437
00:21:05,400 --> 00:21:08,320
Speaker 4: to black found it how much flowers with and I

438
00:21:08,359 --> 00:21:10,320
Speaker 4: was like, wait, I'm just going to grow them myself.

439
00:21:10,800 --> 00:21:13,119
Speaker 2: Oh my god, You're going to grow your own flowers?

440
00:21:13,520 --> 00:21:13,920
Speaker 4: Yeah?

441
00:21:14,160 --> 00:21:16,639
Speaker 2: Oh, how Like what's the plan? What kind of flowers

442
00:21:16,640 --> 00:21:17,240
Speaker 2: are we growing?

443
00:21:17,560 --> 00:21:21,399
Speaker 4: So it'll just be like just heaps of different ones,

444
00:21:21,440 --> 00:21:25,679
Speaker 4: like nothing specific, but I'll grow in September and just

445
00:21:25,720 --> 00:21:27,320
Speaker 4: see what blooms by March.

446
00:21:27,520 --> 00:21:30,600
Speaker 2: That's actually so beautiful. Are you going to go out

447
00:21:30,600 --> 00:21:34,200
Speaker 2: on your wedding morning and pick your bouquet? Oh my god,

448
00:21:34,280 --> 00:21:37,560
Speaker 2: that is so wholesome. And talk me through the rest

449
00:21:37,600 --> 00:21:40,360
Speaker 2: of the budget, like are you going to beat You're

450
00:21:40,359 --> 00:21:43,000
Speaker 2: growing your own flowers, You're building your own venue. Are

451
00:21:43,000 --> 00:21:44,159
Speaker 2: we making our own dress?

452
00:21:44,200 --> 00:21:44,280
Speaker 4: Like?

453
00:21:44,320 --> 00:21:47,200
Speaker 2: Where does the line? Where does the line exist on this?

454
00:21:47,800 --> 00:21:49,760
Speaker 4: I wish my mum made her own dress, but I

455
00:21:49,760 --> 00:21:51,280
Speaker 4: don't think we'd be to do it now.

456
00:21:51,520 --> 00:21:53,880
Speaker 2: I feel like the fabric would be equally as expensive

457
00:21:53,920 --> 00:21:54,840
Speaker 2: as the dress.

458
00:21:55,160 --> 00:21:59,160
Speaker 4: Yeah, there's no real set budget for the rest. We're

459
00:21:59,200 --> 00:22:02,439
Speaker 4: just sort of like we're being reasonable, but also like

460
00:22:02,520 --> 00:22:04,480
Speaker 4: if we want something, we'll get it.

461
00:22:04,720 --> 00:22:07,239
Speaker 2: I love it. Oh my gosh, I'm so excited. I'm

462
00:22:07,320 --> 00:22:09,120
Speaker 2: going to have to get your socials after this because

463
00:22:09,119 --> 00:22:11,639
Speaker 2: I'm going to need to follow all Right. That is

464
00:22:12,000 --> 00:22:15,280
Speaker 2: genuinely so exciting. So let's jump into the next question

465
00:22:15,400 --> 00:22:17,120
Speaker 2: I have for you. I know you came home from

466
00:22:17,119 --> 00:22:20,080
Speaker 2: overseas to study, but what do you now do for work?

467
00:22:20,080 --> 00:22:21,280
Speaker 2: And how much money do you earn?

468
00:22:21,560 --> 00:22:25,120
Speaker 4: Yeah? So I'm a registered nurse in an emergency department

469
00:22:25,720 --> 00:22:28,240
Speaker 4: and I'm also I have my own little business through

470
00:22:28,280 --> 00:22:30,600
Speaker 4: the NDIS as a registered nurse and support.

471
00:22:30,960 --> 00:22:34,000
Speaker 2: Oh that's exciting. Tell me about how much money you earn?

472
00:22:34,200 --> 00:22:37,240
Speaker 4: So this year I should make between one hundred and

473
00:22:37,280 --> 00:22:39,000
Speaker 4: thirty two one hundred and fifty thousand.

474
00:22:39,119 --> 00:22:40,200
Speaker 2: I'm okay, nurse.

475
00:22:40,720 --> 00:22:46,040
Speaker 4: Yeah, what I know, which is amazing because I cut

476
00:22:46,080 --> 00:22:48,960
Speaker 4: down my hours at the hospital and doing more of

477
00:22:49,000 --> 00:22:53,080
Speaker 4: my own business. But I'm home more, working less and

478
00:22:53,160 --> 00:22:54,600
Speaker 4: earning more, which is really exciting.

479
00:22:54,800 --> 00:22:56,879
Speaker 2: Okay, is that you just living the dream?

480
00:22:57,160 --> 00:22:58,120
Speaker 4: Yeah?

481
00:22:58,160 --> 00:23:00,359
Speaker 2: I love this for you. Can I be really what

482
00:23:00,400 --> 00:23:02,240
Speaker 2: does your partner do? How much money does he earn?

483
00:23:02,440 --> 00:23:05,520
Speaker 4: He's a landscaper and earns about seventy.

484
00:23:05,119 --> 00:23:08,639
Speaker 2: Five Oh, okay, bread winner. I love this for you.

485
00:23:09,520 --> 00:23:12,600
Speaker 2: That is so exciting. Do you sometimes reflect on where

486
00:23:12,640 --> 00:23:15,240
Speaker 2: you are today and you know you're going, oh between

487
00:23:15,280 --> 00:23:18,520
Speaker 2: one thirty and one fifty, which is crazy cool. And

488
00:23:18,560 --> 00:23:21,920
Speaker 2: then when I'm you were like, I am living paycheck

489
00:23:21,960 --> 00:23:24,359
Speaker 2: to paycheck. I have a finance card because I needed

490
00:23:24,359 --> 00:23:28,480
Speaker 2: some furniture. My dodgy friend has lumped a group like

491
00:23:28,520 --> 00:23:30,760
Speaker 2: a guaranteur bill on me, and I now have three

492
00:23:30,800 --> 00:23:33,120
Speaker 2: thousand dollars owing like, and I don't know whether money

493
00:23:33,200 --> 00:23:35,000
Speaker 2: is going to come. Do you sometimes just go life

494
00:23:35,040 --> 00:23:36,240
Speaker 2: is a little bit different now.

495
00:23:36,680 --> 00:23:39,399
Speaker 4: Yeah. So I actually never reflected on it until I

496
00:23:39,480 --> 00:23:44,080
Speaker 4: started listening to the Money Diaries episodes, and I literally

497
00:23:44,160 --> 00:23:46,280
Speaker 4: just always get so inspired. I'm like, oh my gosh,

498
00:23:46,720 --> 00:23:49,320
Speaker 4: that's sort of me. Oh, I love that it is you,

499
00:23:49,440 --> 00:23:52,520
Speaker 4: and now you're on the podcast, so it's legitimately you.

500
00:23:52,640 --> 00:23:56,200
Speaker 2: I love this Money Diarist. You've got a wedding coming up,

501
00:23:56,280 --> 00:23:59,760
Speaker 2: you already have a big, beautiful property. What are your

502
00:23:59,760 --> 00:24:02,560
Speaker 2: other big money goals? What are you currently working towards?

503
00:24:02,880 --> 00:24:05,840
Speaker 4: Yeah, so obviously our main thing is we just really

504
00:24:05,880 --> 00:24:09,760
Speaker 4: want to pay off our home. That's our big goal,

505
00:24:10,240 --> 00:24:13,560
Speaker 4: and then we would love to get into property investment,

506
00:24:13,760 --> 00:24:16,159
Speaker 4: but it's not something that's urgent at the moment, and

507
00:24:16,200 --> 00:24:18,639
Speaker 4: we do have equity sitting there in the house that

508
00:24:19,600 --> 00:24:21,280
Speaker 4: we could start doing it, but it's just not a

509
00:24:21,280 --> 00:24:22,320
Speaker 4: priority at the moment.

510
00:24:22,560 --> 00:24:24,560
Speaker 2: Yeah, very cool. So when you say you want to

511
00:24:24,560 --> 00:24:27,040
Speaker 2: fully pay off your home by the age of thirty three,

512
00:24:27,280 --> 00:24:29,600
Speaker 2: how old are you now? What does that kind of

513
00:24:29,640 --> 00:24:30,439
Speaker 2: plan look like?

514
00:24:30,760 --> 00:24:34,080
Speaker 4: Yeah, so I'm twenty six At the moment, I'm putting

515
00:24:34,160 --> 00:24:37,480
Speaker 4: an extra two thousand dollars a fortnight into.

516
00:24:37,280 --> 00:24:41,120
Speaker 2: A a fortnight. Yeah, Okay, someone doesn't understand that we're

517
00:24:41,119 --> 00:24:43,040
Speaker 2: in the middle of a cost of living crisis. It

518
00:24:43,119 --> 00:24:47,440
Speaker 2: must be nice. Yeah, that is no shade, by the way,

519
00:24:47,520 --> 00:24:50,560
Speaker 2: that is just so impressive. I just love that, you know,

520
00:24:50,800 --> 00:24:53,240
Speaker 2: especially right now when so many people are struggling, there

521
00:24:53,240 --> 00:24:56,840
Speaker 2: are beautiful stories of people doing really well, like and

522
00:24:56,920 --> 00:25:00,680
Speaker 2: at the moment, especially post COVID, I think everyone agree

523
00:25:00,960 --> 00:25:03,640
Speaker 2: that who do we want to do really well? Frontline

524
00:25:03,640 --> 00:25:06,240
Speaker 2: workers are nurses, Like, that's exactly who I want to

525
00:25:06,240 --> 00:25:06,800
Speaker 2: see shine.

526
00:25:07,160 --> 00:25:09,880
Speaker 4: Yeah. My partner and I have sat down that other

527
00:25:10,119 --> 00:25:13,760
Speaker 4: like we like to just evaluate like everything, like every

528
00:25:13,800 --> 00:25:16,040
Speaker 4: month or two. I think it makes both of us

529
00:25:16,040 --> 00:25:18,000
Speaker 4: feel better when we can see where our money's going.

530
00:25:18,040 --> 00:25:20,680
Speaker 4: As well. We were able to cut down a lot

531
00:25:20,720 --> 00:25:25,240
Speaker 4: of unnecessarily spending and all of our dispose of income,

532
00:25:25,560 --> 00:25:28,159
Speaker 4: Like we can see where everything's going, and I know

533
00:25:28,200 --> 00:25:30,680
Speaker 4: we don't really have silly spending or anything like that either,

534
00:25:30,840 --> 00:25:34,879
Speaker 4: So oh good, Yeah, we know too that, Like I

535
00:25:35,040 --> 00:25:38,040
Speaker 4: when spoke to an account about everything. Initially, we did

536
00:25:38,080 --> 00:25:40,800
Speaker 4: have different savings accounts that we were putting the money into.

537
00:25:41,080 --> 00:25:43,200
Speaker 4: That our accountants sort of said, like, if you want

538
00:25:43,200 --> 00:25:45,439
Speaker 4: to pay off your house, you're literally better just putting

539
00:25:45,520 --> 00:25:49,280
Speaker 4: all your money into your mortgage and if you need it,

540
00:25:49,359 --> 00:25:50,520
Speaker 4: you can take it back up.

541
00:25:50,840 --> 00:25:51,119
Speaker 1: All right.

542
00:25:51,160 --> 00:25:52,960
Speaker 2: I have a question about that. Do you have a

543
00:25:53,000 --> 00:25:56,000
Speaker 2: redraw facility or an offset facility on your mortgage?

544
00:25:56,080 --> 00:25:59,440
Speaker 4: Yeah, so I have a redraw because we had such

545
00:25:59,440 --> 00:26:02,520
Speaker 4: a good inter right when we got our move to

546
00:26:02,680 --> 00:26:04,440
Speaker 4: it's only five point nine nine percent.

547
00:26:04,720 --> 00:26:07,760
Speaker 2: Okay, she's just flexing left flowret and center today. That

548
00:26:07,840 --> 00:26:10,040
Speaker 2: must be nice. Mine is a little bit higher than that.

549
00:26:10,720 --> 00:26:13,399
Speaker 4: Yeah, but we did talk to a broker about an

550
00:26:13,400 --> 00:26:18,639
Speaker 4: offset account and she said that they offered six point one.

551
00:26:18,640 --> 00:26:21,600
Speaker 2: Four that's not worth it at this point for you. Yeah,

552
00:26:21,760 --> 00:26:22,040
Speaker 2: like we.

553
00:26:22,000 --> 00:26:24,359
Speaker 4: Would never take any small amount out, but it was

554
00:26:24,359 --> 00:26:26,439
Speaker 4: only twenty five dollars fee to take something out, So

555
00:26:26,680 --> 00:26:28,280
Speaker 4: it was just easier to keep the redrawl.

556
00:26:28,359 --> 00:26:30,919
Speaker 2: Yeah, no, that makes sense. I ask because there's always

557
00:26:30,960 --> 00:26:32,879
Speaker 2: like a pro and a con for both. And I

558
00:26:32,960 --> 00:26:35,480
Speaker 2: kind of was expecting you to say, oh, well, we

559
00:26:35,520 --> 00:26:38,239
Speaker 2: have a redrawer because the offset was more expensive. And

560
00:26:38,280 --> 00:26:40,119
Speaker 2: that depends on when you get your mortgage and how

561
00:26:40,160 --> 00:26:42,760
Speaker 2: it works, because my mortgage is cheaper with the offset.

562
00:26:43,119 --> 00:26:46,000
Speaker 2: But it's very different for very different people. It's just

563
00:26:46,040 --> 00:26:48,040
Speaker 2: good to be educated, and it sounds like you are

564
00:26:48,160 --> 00:26:50,840
Speaker 2: very savvy, Like it sounds like you're on top of

565
00:26:50,880 --> 00:26:52,960
Speaker 2: this now, like I think past you is going to

566
00:26:52,960 --> 00:26:56,439
Speaker 2: be shocked at who future you has become. Let's go

567
00:26:56,480 --> 00:26:58,479
Speaker 2: to a really quick break on the flip side. I

568
00:26:58,520 --> 00:27:00,480
Speaker 2: have a lot of questions for you. I want to

569
00:27:00,520 --> 00:27:02,880
Speaker 2: know more about getting out of debt by thirty three.

570
00:27:03,000 --> 00:27:04,760
Speaker 2: I want to know about your investments, and I want

571
00:27:04,760 --> 00:27:06,800
Speaker 2: to know about your best and worst money habits. So guys,

572
00:27:06,920 --> 00:27:13,760
Speaker 2: don't go anywhere. Money Diarist. We are back, and I

573
00:27:13,800 --> 00:27:16,480
Speaker 2: am so excited about this money Diary because I feel

574
00:27:16,480 --> 00:27:20,119
Speaker 2: like you have flipped your narrative entirely, and I just

575
00:27:20,200 --> 00:27:23,639
Speaker 2: love this idea that you've just done it yourself, like

576
00:27:23,680 --> 00:27:25,639
Speaker 2: you and your partner have worked so hard, and I

577
00:27:25,720 --> 00:27:27,520
Speaker 2: know that. At the start of the episode, you said,

578
00:27:28,040 --> 00:27:30,679
Speaker 2: you know, my parents do have money, and you mentioned

579
00:27:30,680 --> 00:27:33,439
Speaker 2: before that some of your family members are in real estate,

580
00:27:33,520 --> 00:27:36,200
Speaker 2: so they obviously know what they're talking about. But you're like,

581
00:27:36,240 --> 00:27:37,639
Speaker 2: I don't want to rely on them. I want to

582
00:27:37,680 --> 00:27:40,120
Speaker 2: do this myself, and I just I have so much

583
00:27:40,160 --> 00:27:43,359
Speaker 2: respect for that, Like that is just so cool. So

584
00:27:43,400 --> 00:27:45,840
Speaker 2: I want to know, apart from the house that you

585
00:27:46,000 --> 00:27:48,439
Speaker 2: live in, do you have any investments. If so, what

586
00:27:48,480 --> 00:27:48,840
Speaker 2: are they.

587
00:27:48,960 --> 00:27:51,480
Speaker 4: I only have a raised account so that I put

588
00:27:51,520 --> 00:27:53,040
Speaker 4: fifteen dollars a week into.

589
00:27:53,200 --> 00:27:56,479
Speaker 2: Not only I have a raised account and I am

590
00:27:56,600 --> 00:28:00,240
Speaker 2: investing currently in the share market, Victoria is what I heard.

591
00:28:00,400 --> 00:28:04,000
Speaker 4: Yes, my partner and I do, like we love the

592
00:28:04,080 --> 00:28:06,240
Speaker 4: idea of investing. But you could talk to so many

593
00:28:06,240 --> 00:28:08,399
Speaker 4: people and so many people tell you different things, and

594
00:28:08,440 --> 00:28:10,399
Speaker 4: it's like you can be really overwhelming.

595
00:28:10,520 --> 00:28:13,359
Speaker 2: It's almost that's why I exist. It's crazy, isn't it.

596
00:28:13,359 --> 00:28:16,240
Speaker 2: You get analysis paralysis.

597
00:28:16,640 --> 00:28:19,720
Speaker 4: So last year was really busy for us. I was

598
00:28:19,760 --> 00:28:24,840
Speaker 4: studying my POSTCRAT and my part was studying business as well.

599
00:28:24,920 --> 00:28:27,200
Speaker 4: So it was something that we sort of put on

600
00:28:27,320 --> 00:28:31,240
Speaker 4: the back thender, I guess, and it is something that

601
00:28:31,280 --> 00:28:35,280
Speaker 4: we want to look into. It's just yeah, there's just

602
00:28:35,320 --> 00:28:37,879
Speaker 4: so much information out there and we just need to

603
00:28:37,880 --> 00:28:39,280
Speaker 4: find what works for us as well.

604
00:28:39,320 --> 00:28:41,000
Speaker 2: I love that. How much have you got in raise?

605
00:28:41,520 --> 00:28:43,320
Speaker 4: I've got one hundred?

606
00:28:43,600 --> 00:28:46,400
Speaker 2: Okay, so she's sitting at four figures and she's like, oh,

607
00:28:46,520 --> 00:28:49,000
Speaker 2: I only have rays. Like sorry, you know how many

608
00:28:49,040 --> 00:28:52,160
Speaker 2: people aren't investing. And I mean all of your cash

609
00:28:52,240 --> 00:28:54,400
Speaker 2: right now is going to the property that you're living

610
00:28:54,440 --> 00:28:56,160
Speaker 2: in because you've got this goal of paying it off,

611
00:28:56,200 --> 00:28:59,560
Speaker 2: and like that makes so much sense. I actually expected

612
00:28:59,600 --> 00:29:01,600
Speaker 2: you to be like, no, we're not focusing on that, Like,

613
00:29:01,680 --> 00:29:04,280
Speaker 2: our focus is somewhere else. The other thing you didn't

614
00:29:04,320 --> 00:29:08,080
Speaker 2: mention is your superannuation. My friend, that is a tax ficle,

615
00:29:08,160 --> 00:29:12,040
Speaker 2: but inside that tax picle you are invested. So what's

616
00:29:12,080 --> 00:29:13,080
Speaker 2: your super looking like?

617
00:29:13,520 --> 00:29:16,720
Speaker 4: So my supers for about fifty zerousand at the moment.

618
00:29:16,560 --> 00:29:20,560
Speaker 2: Are okay at twenty six Yeah, that's definitely worthy of

619
00:29:20,680 --> 00:29:21,400
Speaker 2: mention here.

620
00:29:22,920 --> 00:29:26,400
Speaker 4: So with nursing, they pay I think it's fifteen percent

621
00:29:27,160 --> 00:29:31,080
Speaker 4: at the moment, and with my business, I should be

622
00:29:31,160 --> 00:29:35,560
Speaker 4: putting super away. However, I did speak to my accountant

623
00:29:35,600 --> 00:29:38,720
Speaker 4: and he said, as long as you're paying super with

624
00:29:39,120 --> 00:29:41,560
Speaker 4: nursing and you want to pay off your house, just

625
00:29:41,800 --> 00:29:44,360
Speaker 4: put all that money into the house, and then once

626
00:29:44,360 --> 00:29:46,000
Speaker 4: you pay off the house, you can start putting the

627
00:29:46,040 --> 00:29:46,760
Speaker 4: money into SUPER.

628
00:29:46,880 --> 00:29:50,520
Speaker 2: Yeah. I am obviously wildly passionate about small business and

629
00:29:50,760 --> 00:29:53,320
Speaker 2: I'm always talking to people about making sure that they're

630
00:29:53,320 --> 00:29:55,800
Speaker 2: looking after their SUPER. And that's something that when I

631
00:29:55,880 --> 00:29:58,560
Speaker 2: started my business, I was really bad at I didn't

632
00:29:58,600 --> 00:30:02,040
Speaker 2: pay myself SUPER because let's be honest, I didn't have

633
00:30:02,120 --> 00:30:04,440
Speaker 2: the cash to like, if I wanted my business to

634
00:30:04,520 --> 00:30:07,080
Speaker 2: grow and my SUPER to grow, like something was going

635
00:30:07,120 --> 00:30:09,560
Speaker 2: to have to give. So I don't want people thinking, oh,

636
00:30:09,640 --> 00:30:11,600
Speaker 2: Victoria is a bit delulu, like she thinks that we

637
00:30:11,640 --> 00:30:13,640
Speaker 2: have all this money in our small business. We don't.

638
00:30:13,960 --> 00:30:16,200
Speaker 2: But often when you see people who have really good

639
00:30:16,280 --> 00:30:19,200
Speaker 2: incomes and then a small business on the side, they

640
00:30:19,240 --> 00:30:21,800
Speaker 2: don't pay additional SUPER because it goes somewhere else, It

641
00:30:21,840 --> 00:30:23,600
Speaker 2: goes in line with their values. It might go to

642
00:30:23,920 --> 00:30:27,600
Speaker 2: a separate investment account, it might go to their mortgage,

643
00:30:27,680 --> 00:30:30,360
Speaker 2: it might go to the bills and groceries, or it

644
00:30:30,440 --> 00:30:33,000
Speaker 2: might even just go into paying down something so that

645
00:30:33,040 --> 00:30:35,360
Speaker 2: they can become debt free. So I think it's just

646
00:30:35,440 --> 00:30:38,240
Speaker 2: important to look at it, analyze what's going to work

647
00:30:38,280 --> 00:30:40,560
Speaker 2: for you, and then make a decision instead of I

648
00:30:40,600 --> 00:30:42,520
Speaker 2: think too many of us bury our heads in the sand,

649
00:30:42,600 --> 00:30:46,400
Speaker 2: especially when it comes to super money. Diarist, Sorry about

650
00:30:46,400 --> 00:30:49,480
Speaker 2: that rant. I'm just very passionate about investing. Talk me

651
00:30:49,680 --> 00:30:53,720
Speaker 2: through debt. Before you mentioned that your mortgage was sitting

652
00:30:53,840 --> 00:30:57,600
Speaker 2: at historically sixteen hundred bucks a month, which was really palatable,

653
00:30:57,760 --> 00:31:00,320
Speaker 2: and now it's what twenty eight hundred dollars a month.

654
00:31:00,680 --> 00:31:02,560
Speaker 2: How much of a mortgage and how much debt do

655
00:31:02,640 --> 00:31:05,240
Speaker 2: you have and what do those repayments look like?

656
00:31:05,520 --> 00:31:09,920
Speaker 4: Yeah, so our mortgage is actually our only debt, so

657
00:31:10,400 --> 00:31:13,320
Speaker 4: we pay fortnightly for that, which is thirteen hundred dollars

658
00:31:13,320 --> 00:31:16,840
Speaker 4: a fortnight I think. Which My partner and I don't

659
00:31:17,080 --> 00:31:20,120
Speaker 4: share an account, so we do have that account together.

660
00:31:20,480 --> 00:31:22,880
Speaker 4: We do have some savings accounts together, but we do

661
00:31:22,960 --> 00:31:26,840
Speaker 4: have our own money together as well. His income, he

662
00:31:26,880 --> 00:31:30,840
Speaker 4: pays for the mortgage, and then my income will pay

663
00:31:30,920 --> 00:31:32,880
Speaker 4: for everything else and the saving.

664
00:31:33,040 --> 00:31:35,720
Speaker 2: Oh how cool. I like that you've split it that way.

665
00:31:35,840 --> 00:31:38,280
Speaker 2: Tell me a bit more about was that a conscious

666
00:31:38,360 --> 00:31:41,280
Speaker 2: decision or was that something that just kind of fell

667
00:31:41,320 --> 00:31:43,720
Speaker 2: into place? You're like, oh, you play the mortgage. That's

668
00:31:43,720 --> 00:31:45,560
Speaker 2: one payment. I'll deal with the rest of it because

669
00:31:45,560 --> 00:31:47,640
Speaker 2: I'm the one that always goes to the shops. Or like,

670
00:31:48,040 --> 00:31:50,720
Speaker 2: was this something that you sat down and spoke about

671
00:31:50,800 --> 00:31:53,640
Speaker 2: or just something that happened, Like I'm so pervy on

672
00:31:54,240 --> 00:31:57,360
Speaker 2: finances in relationships, so let me know.

673
00:31:57,880 --> 00:32:00,960
Speaker 4: I'm pretty sure it was a conversation about whether we

674
00:32:01,000 --> 00:32:04,080
Speaker 4: should just put all our money into one account, and

675
00:32:04,120 --> 00:32:08,040
Speaker 4: then we sort of decided not to because it is

676
00:32:08,080 --> 00:32:11,320
Speaker 4: a lot easier having our own money as well. And

677
00:32:11,360 --> 00:32:14,479
Speaker 4: then when we worked out how much money we were

678
00:32:14,480 --> 00:32:17,400
Speaker 4: actually getting between us, we sort of just worked out

679
00:32:17,680 --> 00:32:20,120
Speaker 4: like what to do, and it was just easier if

680
00:32:20,160 --> 00:32:24,120
Speaker 4: he paid the mortgage and then I would pay for

681
00:32:24,160 --> 00:32:26,960
Speaker 4: everything else because like all that stuff was already coming

682
00:32:27,000 --> 00:32:29,000
Speaker 4: out of my accounts anyway.

683
00:32:29,160 --> 00:32:32,160
Speaker 2: Yeah, okay, that makes sense. So how much is left

684
00:32:32,200 --> 00:32:33,160
Speaker 2: on your mortgage?

685
00:32:33,520 --> 00:32:38,520
Speaker 4: We have four hundred and thirty four thousand, and the

686
00:32:38,760 --> 00:32:43,880
Speaker 4: house was six hundred and eighty five plus stamp duties

687
00:32:43,960 --> 00:32:46,120
Speaker 4: about seven hundred and twenty thousand.

688
00:32:46,240 --> 00:32:48,680
Speaker 2: Oh my gosh, doesn't stamp duty make you feel sick?

689
00:32:48,920 --> 00:32:51,440
Speaker 2: Like when you realize how much you're like, that is

690
00:32:51,560 --> 00:32:52,440
Speaker 2: so much money?

691
00:32:52,960 --> 00:32:57,240
Speaker 4: Yeah, and like We're in Victoria, so it was forty thousand,

692
00:32:57,640 --> 00:32:59,440
Speaker 4: but if you're in New South Wales it were in

693
00:32:59,560 --> 00:32:59,960
Speaker 4: like fifty.

694
00:33:01,000 --> 00:33:03,080
Speaker 2: Don't talk to me about it. I bought in Melbourne

695
00:33:03,360 --> 00:33:06,560
Speaker 2: and yes, I do not want to talk about it.

696
00:33:06,600 --> 00:33:09,640
Speaker 2: I'm still triggering. Do you know what stamp duty is though,

697
00:33:09,800 --> 00:33:13,880
Speaker 2: because I find it wild. So way back in the

698
00:33:13,960 --> 00:33:17,840
Speaker 2: day they used to transfer land titles, you would have

699
00:33:17,920 --> 00:33:19,959
Speaker 2: to go to the council. You'd have to go, you know,

700
00:33:20,000 --> 00:33:22,240
Speaker 2: to a government body and you would have to go

701
00:33:22,360 --> 00:33:25,080
Speaker 2: in with all your papers and the other person to

702
00:33:25,200 --> 00:33:27,680
Speaker 2: like do the swap and they would put a stamp

703
00:33:27,760 --> 00:33:31,240
Speaker 2: on it from that council and say, hey, all right,

704
00:33:31,280 --> 00:33:33,680
Speaker 2: this has gone from money Darist to Victoria, or from

705
00:33:33,760 --> 00:33:36,440
Speaker 2: Victoria to money Darist. And it was there like admin

706
00:33:36,560 --> 00:33:39,880
Speaker 2: processing fee, so it used to be small. That is

707
00:33:39,960 --> 00:33:44,200
Speaker 2: now the admin processing fee for us to transfer properties

708
00:33:44,800 --> 00:33:48,480
Speaker 2: before real that's like a government fee or a state

709
00:33:48,560 --> 00:33:51,840
Speaker 2: fee sorry, that they charge for us to just transfer it.

710
00:33:51,880 --> 00:33:54,320
Speaker 2: There's actually not a lot of work involved. In fact,

711
00:33:54,360 --> 00:33:57,480
Speaker 2: I would argue there is less work today than the

712
00:33:57,600 --> 00:33:59,400
Speaker 2: days where you used to go in and get a

713
00:33:59,480 --> 00:34:04,840
Speaker 2: legitimate stamp on a property deed be for real Yeah.

714
00:34:04,600 --> 00:34:07,320
Speaker 4: It's so crazy too, because like when you look at

715
00:34:07,320 --> 00:34:09,800
Speaker 4: buying a house, if it's not your first home, you

716
00:34:09,920 --> 00:34:12,000
Speaker 4: sort of at first you don't really think about that.

717
00:34:12,040 --> 00:34:15,120
Speaker 4: And ours had a price range, so the highest one

718
00:34:15,120 --> 00:34:17,279
Speaker 4: was seven hundred and twenty, So if it had it

719
00:34:17,360 --> 00:34:19,479
Speaker 4: been about only paid seven hundred and twenty, we would

720
00:34:19,480 --> 00:34:21,200
Speaker 4: have paid seven hundred and sixty thousand.

721
00:34:21,440 --> 00:34:23,120
Speaker 2: Yeah, it's wild, isn't it.

722
00:34:23,400 --> 00:34:23,840
Speaker 4: Yeah?

723
00:34:23,960 --> 00:34:27,600
Speaker 2: Oh my gosh. All right, Well, I'm excited that you're

724
00:34:27,600 --> 00:34:30,160
Speaker 2: in a good financial position, and it sounds like because

725
00:34:30,160 --> 00:34:32,160
Speaker 2: you only have four hundred and thirty four thousand dollars

726
00:34:32,239 --> 00:34:34,600
Speaker 2: left on a property that arguably cost you nearly seven

727
00:34:34,680 --> 00:34:37,160
Speaker 2: hundred thousand dollars, you've got some nice equity which is

728
00:34:37,280 --> 00:34:39,400
Speaker 2: very attractive, which is probably going to get you a

729
00:34:39,400 --> 00:34:42,080
Speaker 2: lot closer to that goal of getting into property investing

730
00:34:42,120 --> 00:34:45,160
Speaker 2: with your partner. Tell me, now, what do you think

731
00:34:45,200 --> 00:34:47,399
Speaker 2: your best money habit is. I feel like you've learned

732
00:34:47,440 --> 00:34:49,560
Speaker 2: a few over the last few years.

733
00:34:49,840 --> 00:34:53,960
Speaker 4: Yeah, I think I'm very conscious with our lack of

734
00:34:54,120 --> 00:34:57,439
Speaker 4: budgeting and everything just we don't really even budget. It's

735
00:34:57,480 --> 00:35:00,200
Speaker 4: just that we're always looking at where our spending are

736
00:35:00,200 --> 00:35:02,800
Speaker 4: and what we can cut it down. And I'm also

737
00:35:03,080 --> 00:35:05,680
Speaker 4: not impulsive, like if we were to ever make a

738
00:35:06,120 --> 00:35:08,640
Speaker 4: big purchase, we actually talk about it a lot and

739
00:35:08,680 --> 00:35:11,600
Speaker 4: think if it's worth it. And especially with renovating a house,

740
00:35:11,640 --> 00:35:14,200
Speaker 4: it can be like it can be a bit exciting

741
00:35:14,239 --> 00:35:16,319
Speaker 4: and you want to do things all at once, but

742
00:35:16,800 --> 00:35:19,520
Speaker 4: even though we have the money there, it's like sometimes

743
00:35:19,560 --> 00:35:20,920
Speaker 4: it's not the best time to do it. So I

744
00:35:20,960 --> 00:35:23,680
Speaker 4: think that's a good money habit that we're quite smart

745
00:35:23,680 --> 00:35:24,880
Speaker 4: with uspen.

746
00:35:24,680 --> 00:35:28,239
Speaker 2: I feel like you guys sound like you've got good

747
00:35:28,280 --> 00:35:31,359
Speaker 2: delayed gratification, like you're able to go no, no, no,

748
00:35:31,440 --> 00:35:33,120
Speaker 2: like we don't need that today because we're going to

749
00:35:33,200 --> 00:35:36,080
Speaker 2: get a bigger, better something down the road. I'm really

750
00:35:36,120 --> 00:35:40,680
Speaker 2: bad at that, so I'm very envious. Tell me what's

751
00:35:40,719 --> 00:35:43,120
Speaker 2: your worst habit, Sure you've got one. You can't be

752
00:35:43,239 --> 00:35:44,520
Speaker 2: this good at money.

753
00:35:45,520 --> 00:35:49,320
Speaker 4: I do think that because I have been in positions

754
00:35:49,320 --> 00:35:51,000
Speaker 4: where I don't have money, and now that I do

755
00:35:51,120 --> 00:35:54,880
Speaker 4: have money, I can be a little bit scared to

756
00:35:54,920 --> 00:35:59,120
Speaker 4: spend it. Like we have holiday accounts and everything, and

757
00:35:59,400 --> 00:36:01,719
Speaker 4: the money's there to be spent on holiday accounts, but

758
00:36:01,880 --> 00:36:06,000
Speaker 4: I don't like spending, like I will spend money that

759
00:36:06,040 --> 00:36:08,960
Speaker 4: I have elsewhere like, I don't like seeing the money

760
00:36:09,160 --> 00:36:12,200
Speaker 4: get too low, which is I think because I'm so

761
00:36:12,320 --> 00:36:15,040
Speaker 4: scared of not having the money.

762
00:36:15,280 --> 00:36:17,600
Speaker 2: Yeah, no, I get that. I feel like that's part

763
00:36:17,640 --> 00:36:20,439
Speaker 2: of your money story, Like that's part of you having

764
00:36:20,480 --> 00:36:24,640
Speaker 2: gone through situations where you were probably so stressed, and honestly,

765
00:36:24,640 --> 00:36:26,880
Speaker 2: at the start of this episode, you were saying, I

766
00:36:26,920 --> 00:36:29,640
Speaker 2: didn't even tell people that my friend had blocked me

767
00:36:29,680 --> 00:36:32,239
Speaker 2: and goes to me because I was embarrassed that I

768
00:36:32,320 --> 00:36:35,319
Speaker 2: owed this money on her. Behalf Like, I feel like

769
00:36:35,560 --> 00:36:38,520
Speaker 2: current you would not do that. But also if you've

770
00:36:38,560 --> 00:36:41,600
Speaker 2: been through circumstances like that, they've created a bit of

771
00:36:41,640 --> 00:36:44,920
Speaker 2: trauma and now that still exists when it comes to

772
00:36:45,000 --> 00:36:47,839
Speaker 2: money pressure. Is that something that you're like, oh, I

773
00:36:47,920 --> 00:36:50,359
Speaker 2: totally get that, or is that something that you're like, oh,

774
00:36:50,400 --> 00:36:52,480
Speaker 2: I'm getting through it, like it's not as bad as

775
00:36:52,480 --> 00:36:54,480
Speaker 2: it used to be, or like where are you sitting

776
00:36:54,480 --> 00:36:55,200
Speaker 2: on that fence?

777
00:36:55,600 --> 00:36:58,680
Speaker 4: Yeah, I don't really know. I think it's all very subconscious,

778
00:36:58,719 --> 00:37:01,440
Speaker 4: Like I honestly forget about a lot of things, and

779
00:37:01,880 --> 00:37:06,480
Speaker 4: it's not until I actually think back deeply into it.

780
00:37:06,440 --> 00:37:08,520
Speaker 2: I'm like, oh, maybe that's why so normal.

781
00:37:09,120 --> 00:37:12,160
Speaker 4: Yeah, like my mum is well off now. But my

782
00:37:12,280 --> 00:37:14,440
Speaker 4: parents had got divorced when I was a bit younger,

783
00:37:14,520 --> 00:37:18,160
Speaker 4: and she was working in like a retail store that

784
00:37:18,239 --> 00:37:19,920
Speaker 4: she just didn't earn enough money and I had a

785
00:37:20,040 --> 00:37:22,799
Speaker 4: ridiculous rent and it was quite stressing for her. And

786
00:37:22,840 --> 00:37:24,879
Speaker 4: I think, like I have seen that version of her

787
00:37:25,320 --> 00:37:27,040
Speaker 4: as well, and like, I just want to make sure

788
00:37:27,120 --> 00:37:29,479
Speaker 4: that I don't have to have that life either.

789
00:37:29,840 --> 00:37:33,040
Speaker 2: Yeah, it's so stressful and seeing a parent go through

790
00:37:33,080 --> 00:37:35,319
Speaker 2: something like that, you want to be able to help

791
00:37:35,360 --> 00:37:36,839
Speaker 2: them and you want to be able to support them,

792
00:37:36,880 --> 00:37:39,120
Speaker 2: but at the same time you're learning along the way

793
00:37:39,160 --> 00:37:41,279
Speaker 2: that maybe that's not a path you want to take,

794
00:37:42,040 --> 00:37:46,320
Speaker 2: Like it's a very expensive gift your mum gave you. Yeah,

795
00:37:47,080 --> 00:37:50,799
Speaker 2: so talk me through this, because at the start of

796
00:37:50,840 --> 00:37:54,359
Speaker 2: the episode, I was like, all right, give us your money. Great,

797
00:37:54,680 --> 00:37:56,160
Speaker 2: and you're like, look for you, I think I'm a

798
00:37:56,239 --> 00:37:58,080
Speaker 2: B plus and I was like, all right, no worries.

799
00:37:58,120 --> 00:38:00,160
Speaker 2: And then we started getting into it and you're like, look,

800
00:38:00,280 --> 00:38:02,200
Speaker 2: my friend took me for a ride. You know, got

801
00:38:02,239 --> 00:38:05,720
Speaker 2: this credit card? All made sense. You used to have zippay,

802
00:38:05,800 --> 00:38:07,560
Speaker 2: used to have after pay. There's a little bit of

803
00:38:07,640 --> 00:38:10,120
Speaker 2: room for growth, but your Zippay enough to pay a clothes.

804
00:38:10,200 --> 00:38:13,360
Speaker 2: You don't have that debt anymore. You've you know, wiped

805
00:38:13,360 --> 00:38:15,800
Speaker 2: out this debt that your friend gave you. You've always

806
00:38:15,840 --> 00:38:19,080
Speaker 2: had three jobs since you were fifteen, Like, be for real,

807
00:38:19,160 --> 00:38:22,040
Speaker 2: that's a lot of jobs. You're now a registered nurse.

808
00:38:22,120 --> 00:38:24,839
Speaker 2: You mentioned before you not only are you a registered nurse,

809
00:38:24,880 --> 00:38:27,160
Speaker 2: you've also done your grad dip like you've gone back

810
00:38:27,200 --> 00:38:30,600
Speaker 2: and done post grad studies. Not only that you have

811
00:38:30,680 --> 00:38:33,120
Speaker 2: your own business on the side, you're earning between one

812
00:38:33,200 --> 00:38:36,400
Speaker 2: hundred and thirty one hundred and fifty grand. Like, sorry,

813
00:38:36,920 --> 00:38:41,800
Speaker 2: fact check, just for everybody listening. She's twenty six, like you,

814
00:38:41,880 --> 00:38:44,960
Speaker 2: to me are a child, Like you are still a baby.

815
00:38:45,000 --> 00:38:47,799
Speaker 2: And that's not me being rude or mean. Like I

816
00:38:47,920 --> 00:38:49,799
Speaker 2: just look at someone who's twenty six and go, they

817
00:38:49,800 --> 00:38:51,920
Speaker 2: have their entire life ahead of them. Like the fact

818
00:38:51,920 --> 00:38:55,120
Speaker 2: that you're so well set up, you're so financially savvy

819
00:38:55,160 --> 00:38:57,560
Speaker 2: that you're having your wedding at home and you're growing

820
00:38:57,600 --> 00:39:00,000
Speaker 2: your own flowers. When you saw the cost of flower

821
00:39:00,440 --> 00:39:04,440
Speaker 2: like that is iconic, Like not only is iconic, but

822
00:39:04,560 --> 00:39:07,160
Speaker 2: like how beautiful You're going to have these flowers that

823
00:39:07,280 --> 00:39:09,960
Speaker 2: bloom the year after your wedding in your garden that

824
00:39:10,000 --> 00:39:12,160
Speaker 2: were your wedding flowers. Like, ah, I just think the

825
00:39:12,200 --> 00:39:16,319
Speaker 2: sentiment will vow you there outweighs the financial benefit. You

826
00:39:16,440 --> 00:39:18,719
Speaker 2: were smart about seeing a broker. You knew when to

827
00:39:18,760 --> 00:39:20,960
Speaker 2: push back on a broker to make sure that you

828
00:39:21,000 --> 00:39:23,160
Speaker 2: were getting what you needed. You were like, no, you're

829
00:39:23,160 --> 00:39:26,399
Speaker 2: pretty good at this. Like, but also, you're not giving

830
00:39:26,400 --> 00:39:27,799
Speaker 2: me the outcome I need. I'm going to get a

831
00:39:27,800 --> 00:39:31,040
Speaker 2: second opinion. And that second opinion led you to getting

832
00:39:31,120 --> 00:39:33,920
Speaker 2: a property that you got to sell for three hundred

833
00:39:33,960 --> 00:39:37,080
Speaker 2: thousand dollars. More like you got a three hundred grand

834
00:39:37,080 --> 00:39:39,960
Speaker 2: profit which got you into your family home. Now, like,

835
00:39:40,640 --> 00:39:42,680
Speaker 2: I have a lot to go through. I'm going to

836
00:39:42,719 --> 00:39:45,640
Speaker 2: stop there though, because I think that you're getting a

837
00:39:45,760 --> 00:39:49,520
Speaker 2: sense of where I'm going with this. My friend, if

838
00:39:49,520 --> 00:39:51,759
Speaker 2: you're really a B plus, tell me what it would

839
00:39:51,800 --> 00:39:54,319
Speaker 2: take to get you to an A plus. If you've

840
00:39:54,360 --> 00:39:56,319
Speaker 2: listened to this and you're like me, maybe I'm not

841
00:39:56,400 --> 00:40:00,359
Speaker 2: a B plus? Where are we sitting after this comment station,

842
00:40:00,600 --> 00:40:01,240
Speaker 2: my friend.

843
00:40:01,640 --> 00:40:03,400
Speaker 4: I'm a bit more than a B plus.

844
00:40:03,640 --> 00:40:06,640
Speaker 2: Oh really, I did not see that coming. I am

845
00:40:06,680 --> 00:40:08,000
Speaker 2: shocked and horrified.

846
00:40:09,080 --> 00:40:11,520
Speaker 4: I wouldn't say that I'm an A plus or anything.

847
00:40:11,600 --> 00:40:13,279
Speaker 4: I think that even though, like I want to pay

848
00:40:13,320 --> 00:40:15,120
Speaker 4: off my house and stuff, I still think that it

849
00:40:15,120 --> 00:40:19,240
Speaker 4: would be beneficial for me to invest or do property

850
00:40:19,280 --> 00:40:22,440
Speaker 4: investing just for like the future as well. So I

851
00:40:22,480 --> 00:40:25,080
Speaker 4: think that would Yeah, that would be what it takes

852
00:40:25,120 --> 00:40:26,080
Speaker 4: to get to an A plus.

853
00:40:26,120 --> 00:40:29,279
Speaker 2: But what is in the way, Like, I need to

854
00:40:29,360 --> 00:40:31,480
Speaker 2: understand what is in the way of you becoming a

855
00:40:31,480 --> 00:40:34,600
Speaker 2: property investor, because right now, all of your ducks are

856
00:40:34,600 --> 00:40:37,040
Speaker 2: in a perfect line to put you there. You right

857
00:40:37,080 --> 00:40:39,520
Speaker 2: now just need a bit more time. Is that right?

858
00:40:39,600 --> 00:40:42,080
Speaker 2: So you're telling me that time is the thing that

859
00:40:42,160 --> 00:40:43,680
Speaker 2: is going to change you from a B plus to

860
00:40:43,680 --> 00:40:47,120
Speaker 2: an A plus because your plan's perfect. Yeah, okay, all right,

861
00:40:47,200 --> 00:40:50,360
Speaker 2: brag about it. I'm very envious but also so in

862
00:40:50,520 --> 00:40:53,840
Speaker 2: awe that you set yourself up like this money diarist.

863
00:40:54,040 --> 00:40:57,560
Speaker 2: I am so impressed, and I'm just so glad that

864
00:40:57,680 --> 00:41:00,160
Speaker 2: I get to share your story with our community. I'm

865
00:41:00,200 --> 00:41:03,440
Speaker 2: so excited that you were a money Diary listener and

866
00:41:03,480 --> 00:41:06,280
Speaker 2: now you've become a money diarist, Like that's the coolest

867
00:41:06,320 --> 00:41:09,160
Speaker 2: thing ever. And to me, knowing that you know the

868
00:41:09,200 --> 00:41:12,680
Speaker 2: content that we create motivates you, Like, isn't that cool, Like,

869
00:41:12,760 --> 00:41:15,480
Speaker 2: I don't know. I have to pinch myself sometimes because

870
00:41:15,760 --> 00:41:18,319
Speaker 2: often the podcast is just s you are me. We're

871
00:41:18,360 --> 00:41:21,359
Speaker 2: currently sitting online doing a zoom, just having a chat

872
00:41:21,400 --> 00:41:23,799
Speaker 2: as friends, and I've got this set of questions that

873
00:41:23,880 --> 00:41:25,960
Speaker 2: I ask all of my friends that come on the show,

874
00:41:26,600 --> 00:41:29,279
Speaker 2: and it doesn't feel like so many people listen, and

875
00:41:29,320 --> 00:41:31,800
Speaker 2: then you realize the impact in You're like, this is cool,

876
00:41:32,000 --> 00:41:34,640
Speaker 2: this is changing people's money stories for the better. So

877
00:41:35,040 --> 00:41:37,480
Speaker 2: I'm so glad that we've spoken and I've gotten to

878
00:41:37,520 --> 00:41:40,920
Speaker 2: share your story with the community. Unfortunately, this has been

879
00:41:40,920 --> 00:41:42,959
Speaker 2: a long one, so we have run out of time

880
00:41:43,000 --> 00:41:45,799
Speaker 2: for today, but I'm really grateful that you joined us,

881
00:41:45,840 --> 00:41:48,080
Speaker 2: so thank you, and I know our community is gonna

882
00:41:48,080 --> 00:41:49,759
Speaker 2: love this story as much as I have.

883
00:41:50,680 --> 00:41:52,200
Speaker 4: Thank you so much for having me.

884
00:41:52,440 --> 00:41:53,120
Speaker 2: Oh my gosh.

885
00:41:53,160 --> 00:42:02,240
Speaker 5: Of course, the advice shared on She's on the Money

886
00:42:02,360 --> 00:42:04,040
Speaker 5: is general in nature and does not.

887
00:42:04,120 --> 00:42:08,360
Speaker 2: Consider your individual circumstances. She's on the Money exists purely

888
00:42:08,400 --> 00:42:11,360
Speaker 2: for educational purposes and should not be relied upon to

889
00:42:11,360 --> 00:42:14,720
Speaker 2: make an investment or financial decision. If you do choose

890
00:42:14,719 --> 00:42:17,680
Speaker 2: to buy a financial product, read the PDS TMD and

891
00:42:17,760 --> 00:42:21,000
Speaker 2: obtain appropriate financial advice. Tailored towards your needs.

892
00:42:21,360 --> 00:42:25,320
Speaker 5: Victoria divine and She's on the money are authorized representatives

893
00:42:25,360 --> 00:42:29,480
Speaker 5: of money sherper Pty Ltd ABN three two one six

894
00:42:29,560 --> 00:42:33,439
Speaker 5: four nine two seven seven zero eight AFSL four five

895
00:42:33,520 --> 00:42:35,400
Speaker 5: one two eight nine