WEBVTT - Money Diaries: Rebuilding After a Friend’s Financial Betrayal

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<v Speaker 1>Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order

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<v Speaker 1>Order Kerni Whoalbury and a waddery woman. And before we

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<v Speaker 1>get started on She's on the Money podcast, I would

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<v Speaker 1>like to acknowledge the traditional custodians of the land of

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<v Speaker 1>which this podcast is recorded on a wondery country, acknowledging

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<v Speaker 1>the elders, the ancestors and the next generation coming through

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<v Speaker 1>as this podcast is about connecting, empowering, knowledge sharing and

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<v Speaker 1>the storytelling of you to make a difference for today

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<v Speaker 1>and lasting impactful tomorrow.

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<v Speaker 2>Let's get into it.

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<v Speaker 3>She's on the Money, She's on the Money.

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<v Speaker 2>Hello, and welcome to She's on the Money. The podcast

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<v Speaker 2>were millennials who want financial freedom. Welcome back to another

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<v Speaker 2>one of our money daries where I get the absolute

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<v Speaker 2>pleasure of sitting down with one of our She's on

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<v Speaker 2>the Money community members and talking to them all about

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<v Speaker 2>their money story. Let's jump straight into it, because this

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<v Speaker 2>week I got a message and it sounded exactly like this,

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<v Speaker 2>Dear She's on the Money. I've always had a strong

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<v Speaker 2>work ethic, but my poor spending habits keep me living

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<v Speaker 2>paycheck to paycheck. Things worsened when I got an interest

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<v Speaker 2>free finance card for some furniture while I was seeing

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<v Speaker 2>someone with a secret gambling habit. The debt piled up

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<v Speaker 2>until I met my now partner, who helped me develop

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<v Speaker 2>a plan to get back on track. Despite being told

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<v Speaker 2>we couldn't get a mortgage, we persisted and built our

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<v Speaker 2>first house on a tight budget. We then went on

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<v Speaker 2>to make three hundred thousand dollars profit on its sale,

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<v Speaker 2>significantly improving our financial situation. Today, we own a beautiful

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<v Speaker 2>property on two point seven acres and a planning our wedding.

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<v Speaker 2>We can now put an additional two thousand dollars a

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<v Speaker 2>fortnight towards our mortgage, and my goal is to be

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<v Speaker 2>debt free by the time I turn thirty three, Money Diarist,

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<v Speaker 2>Are you for real?

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<v Speaker 4>I'm very how exciting.

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<v Speaker 2>That's beyond exciting, going from being like, oh, I've got

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<v Speaker 2>really pausmanning habits. My douchebag of a partner has a

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<v Speaker 2>secret gambling habit to being like, oh, by the way,

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<v Speaker 2>I live on acreage like me for real? That is

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<v Speaker 2>so cool. Are you proud of yourself?

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<v Speaker 4>I'm so proud of myself.

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<v Speaker 2>I think that is the coolest can we dive in?

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<v Speaker 2>Because I've got so many questions before we dive into

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<v Speaker 2>the juicy be its. I want to know if I

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<v Speaker 2>asked you to give your money habits a grade from

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<v Speaker 2>A through to F, what would you grade them?

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<v Speaker 4>I think I'd give myself a B plus. I definitely

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<v Speaker 4>have come a long way, but I also still have

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<v Speaker 4>a very long way to go.

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<v Speaker 2>Okay, all right, I don't know what a very long

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<v Speaker 2>way looks like to you. Given your plan is to

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<v Speaker 2>be debt free by by thirty three, I'm thirty three

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<v Speaker 2>and mortgaged to my eyeballs. I could be for real.

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<v Speaker 2>That is a pipe dream. So let's dive further in

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<v Speaker 2>money does Can you tell me a little bit more

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<v Speaker 2>about your money story?

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<v Speaker 4>Yeah, so, my family have always had money, but it's

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<v Speaker 4>definitely not been something that we talk about. So growing up,

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<v Speaker 4>when I got my first job, I sort of didn't

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<v Speaker 4>have any guidance. They always told me to save money,

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<v Speaker 4>but I didn't have any guidance in unsaving. So once

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<v Speaker 4>I could work, I think I got three jobs by

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<v Speaker 4>the end of that year. When I turned fifteen.

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<v Speaker 2>Oh my gosh, I had three jobs at fifteen.

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<v Speaker 4>Yeah, so I've basically always had three jobs and like

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<v Speaker 4>I've always had a really good income, but I've just

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<v Speaker 4>never I just don't know where my money goes. I

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<v Speaker 4>didn't know where my money went. And then I moved

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<v Speaker 4>overseas for a little bit. When I had to come

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<v Speaker 4>home because I had no money and I didn't want

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<v Speaker 4>to ask my parents.

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<v Speaker 2>For money, it ran out of cash. Annoying. You're like

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<v Speaker 2>living your best life and then you're like, oh, but

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<v Speaker 2>also that's kind of a big decision if you were

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<v Speaker 2>in the situation where maybe you could have asked your

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<v Speaker 2>parents for cash and then didn't. Like why if you

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<v Speaker 2>were in that situation, did you go No, I don't

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<v Speaker 2>want to do that, because like I'm not saying that

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<v Speaker 2>you should, but I think a lot of people, if

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<v Speaker 2>they were already overseas, they would have been like, oh,

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<v Speaker 2>I'm just going to call up the bank of Mum

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<v Speaker 2>and dad.

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<v Speaker 4>Yeah. So I think my problem is is like my

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<v Speaker 4>family have money, but like I just feel a bit

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<v Speaker 4>guilty asking them. And I also don't like owing people.

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<v Speaker 2>I get that I hate owing people money and they.

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<v Speaker 4>Would be fine and they would have wanted me, like

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<v Speaker 4>if I had a asked for it, they would have

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<v Speaker 4>given it to me, but I think as well, I

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<v Speaker 4>was just a bit overwhelmed with how I was spending

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<v Speaker 4>the money, and then I just thought it was also

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<v Speaker 4>time to come home because I had started studying nursing,

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<v Speaker 4>and then I took a gap year and came back

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<v Speaker 4>to finish it as well.

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<v Speaker 2>Oh okay, so it's like, not the worst thing that

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<v Speaker 2>you moved home, but a bit disheartening if you're over

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<v Speaker 2>there link Oh I hate this. But also I get

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<v Speaker 2>to go home and I get to study, and I've

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<v Speaker 2>got a whole heap waiting for me. So you studied

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<v Speaker 2>and then what next?

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<v Speaker 4>Yeah. So while I was studying, so one of the

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<v Speaker 4>things that set me back a bit was I had

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<v Speaker 4>a friend and she actually asked me to go garanteur

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<v Speaker 4>for her, and at the time, I didn't know what

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<v Speaker 4>garanteur really meant. She made it sound like it was

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<v Speaker 4>going to be fine. She took her ten thousand dollars

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<v Speaker 4>alone at forty something percent interest and what just to

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<v Speaker 4>get out of debt, and she was really stressed and everything.

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<v Speaker 4>So I went guaranteur for her, which was fine for

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<v Speaker 4>a few months, and then things went a bit bad

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<v Speaker 4>for her and I ended up paying it, which was

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<v Speaker 4>really true. Yeah, she blocked me off everything so I

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<v Speaker 4>couldn't contact her, which was really awful. No, absolutely not,

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<v Speaker 4>but I didn't tell anyone about it because I was

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<v Speaker 4>really embarrassed. I felt like, oh money, dirist, No, if

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<v Speaker 4>I knew you, then I'd be like all right, sit down. Yeah.

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<v Speaker 4>And then yeah, So with the I got a furniture alone.

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<v Speaker 4>It wasn't much. It was only about seven hundred dollars,

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<v Speaker 4>but I think I was able to spend fifteen hundred.

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<v Speaker 4>And then I was seeing a guy at the time

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<v Speaker 4>and he just used to make me feel not make

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<v Speaker 4>me feel guilty. He made me feel sad for him

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<v Speaker 4>because he always said he didn't have any money. And

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<v Speaker 4>then I started offering him money, and then I think

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<v Speaker 4>he really used that.

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<v Speaker 2>Oh yeah he did. He absolutely did, just like your

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<v Speaker 2>friend abused that. Oh my gosh, you have been through

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<v Speaker 2>The money.

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<v Speaker 4>Was yeah, so he got about two thousand and five

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<v Speaker 4>hundred and their friend got about three thousand. So yeah,

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<v Speaker 4>it was just really hard. And then I started using

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<v Speaker 4>it was sort of like a credit card, I guess,

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<v Speaker 4>but not really well, I don't know. And I started

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<v Speaker 4>using that to get.

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<v Speaker 2>By absolutely not like not from you. I just I

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<v Speaker 2>cannot believe that other people put you in this financial position.

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<v Speaker 2>It wasn't I mean when you wrote it in, You're like,

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<v Speaker 2>I've got a strong work ethic, but my poor spending

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<v Speaker 2>habits kept me living paycheck to paycheck. No, no, no,

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<v Speaker 2>your poor friends. Yeah, your friends who abused this situation

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<v Speaker 2>kept you living paycheck to paycheck. Oh my god, I'm

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<v Speaker 2>so sorry.

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<v Speaker 4>It's fine. I was so embarrassed to talk about it

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<v Speaker 4>to people as well, so like it was sort of

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<v Speaker 4>my burden. And then I met my partner now, and yeah,

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<v Speaker 4>when we were talking about buying a house, I sort

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<v Speaker 4>of opened up about like the debt that I had

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<v Speaker 4>with the guaranteur, the guy that's just a loss for me.

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<v Speaker 2>Yeah, unfortunately the.

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<v Speaker 4>Guaranteur thing was just like that was still there, and

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<v Speaker 4>then the card as well. So he helped me come

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<v Speaker 4>up with a plan to pay off the card, and

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<v Speaker 4>then we tried her hardest to get in contact with

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<v Speaker 4>the girl. A few years later, so it was three

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<v Speaker 4>thousand and she did contact me. She had a partner

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<v Speaker 4>and he helped her pay off that and then they

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<v Speaker 4>eventually did pay me back.

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<v Speaker 2>Then, why did she ultimately block you and ghost you

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<v Speaker 2>instead of communicating, like what was going on there?

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<v Speaker 4>I think she was just going through a really bad time,

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<v Speaker 4>like she was going out and I could see she

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<v Speaker 4>was going out.

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<v Speaker 2>That's so annoying.

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<v Speaker 4>Yeah, I think it embarrassed her that she should have

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<v Speaker 4>been paying her word that I was paying that.

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<v Speaker 2>So that is insane to me that somebody would abuse

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<v Speaker 2>your trust like that. Obviously you were trying to do

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<v Speaker 2>the right thing, and yeah, you probably didn't know what

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<v Speaker 2>guaranteuring alone meant. And I feel like that's something that

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<v Speaker 2>we can all learn from because that is something that

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<v Speaker 2>you know, what we call shark loans do They make

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<v Speaker 2>friends garan tor for them so that they've got somebody

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<v Speaker 2>else to chase up when your friend, who arguably has

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<v Speaker 2>really bad credit, is not able to pay their loan.

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<v Speaker 2>But you wouldn't have known that at that point in time.

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<v Speaker 2>You thought, oh, oh, of course i'll sign for you,

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<v Speaker 2>like I'll make sure that you're okay, Like yeah, ah,

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<v Speaker 2>for someone to take advantage of you like that, it

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<v Speaker 2>makes me so angry.

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<v Speaker 4>Yeah, And in hindsight, like I am really lucky in

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<v Speaker 4>that it wasn't a significant amount. It could have been

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<v Speaker 4>a lot worse, but it just it does suck that

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<v Speaker 4>people take advantage of her.

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<v Speaker 2>Oh one, did you ever think of getting police involved

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<v Speaker 2>or was that not an option? Like what ultimately made

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<v Speaker 2>her get back in contact with you, My.

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<v Speaker 4>Partner contacted her because she had blocked me on everything.

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<v Speaker 4>She was angry at me that he had contacted her.

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<v Speaker 2>Sorry, sorry, I'm blocked, so I'm not able to contact you.

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<v Speaker 2>That it's actually on you, babe.

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<v Speaker 4>But then she obviously unblocked me to contact me to

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<v Speaker 4>tell me that he contacted her. And then she explained

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<v Speaker 4>that like she just had a baby as well, so yeah,

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<v Speaker 4>oh my gosh, like her lifestyle decisions and everything was

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<v Speaker 4>baffling to me because I was like, oh my god,

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<v Speaker 4>it wasn't a significant pain each month, but like it

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<v Speaker 4>added up to me. But it's something that she could

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<v Speaker 4>have paid, she just chose not to.

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<v Speaker 2>Oh and then your boyfriend calls and she's like, that's

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<v Speaker 2>so unfair. I can't believe it. And you're like, well, well,

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<v Speaker 2>well if it isn't the consequences of your own actions.

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<v Speaker 4>Yeah, And I think sometimes people get really defensive because

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<v Speaker 4>they know that they're wrong.

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<v Speaker 2>Oh, one hundred percent. I say this all the time

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<v Speaker 2>in my personal life. I'm like, if you have blocked me,

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<v Speaker 2>that's a reflection of you knowing that you've done the

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<v Speaker 2>wrong thing. Like, I'm an adult, I don't need to

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<v Speaker 2>block anybody. I do block people, I don't know if

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<v Speaker 2>they're abusing me on the internet, I think that's a

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<v Speaker 2>different story. But if I know you and you've chosen

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<v Speaker 2>to block me, that's because you know that you're doing

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<v Speaker 2>the wrong thing and you don't want me to see. Yeah,

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<v Speaker 2>it's so salty. I'm so sorry you went through that.

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<v Speaker 4>I completely forgot about that, and it wasn't until my

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<v Speaker 4>fiance was telling me when I said I was going

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<v Speaker 4>to do this into and I was like, oh yeah,

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<v Speaker 4>I completely forgot it.

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<v Speaker 2>And he's like, victorious love this money direst. You better

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<v Speaker 2>remind her. Oh my gosh. All right, well let's talk

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<v Speaker 2>about more exciting things. Your partner that you are with

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<v Speaker 2>right now sounds like a legend. I love this. He's

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<v Speaker 2>helped you get out of debt and then he's also

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<v Speaker 2>developed a plan for you to get back on track.

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<v Speaker 2>So did that look like budgeting and cash flow or

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<v Speaker 2>like what was that? Was that him, you know, showing

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<v Speaker 2>you through your bank accounts or like doing a spreadsheet

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<v Speaker 2>or were you doing you know, some stuff on the

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<v Speaker 2>back of an envelope? Like where did it start? How

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<v Speaker 2>did it work?

0:11:28.480 --> 0:11:31.280
<v Speaker 4>Yeah, so we looked at what I was spending, and

0:11:31.320 --> 0:11:35.280
<v Speaker 4>then obviously as well because we now had like a

0:11:35.360 --> 0:11:38.760
<v Speaker 4>duel income, he helped me a lot too, like shared

0:11:38.760 --> 0:11:41.600
<v Speaker 4>my expenses and helped pay off the rest of the

0:11:41.679 --> 0:11:44.800
<v Speaker 4>card loan, which was I think it was about five

0:11:44.880 --> 0:11:47.959
<v Speaker 4>hundred dollars. So we just paid that off and didn't

0:11:47.960 --> 0:11:50.720
<v Speaker 4>have to worry about it. And then I think a

0:11:50.760 --> 0:11:53.400
<v Speaker 4>lot of it I was just online shopping. So now

0:11:53.480 --> 0:11:57.760
<v Speaker 4>I'm I do not online shop a lot, even though

0:11:57.760 --> 0:12:01.040
<v Speaker 4>my algorithm terms me so much, which I'm quite smart

0:12:01.080 --> 0:12:01.320
<v Speaker 4>with that.

0:12:01.679 --> 0:12:05.240
<v Speaker 2>Girl, I'm a victim of the algorithm consistently. I don't

0:12:05.320 --> 0:12:08.240
<v Speaker 2>know how I have the level of self control that

0:12:08.320 --> 0:12:11.360
<v Speaker 2>I do have, which is dismal at this point, like

0:12:11.440 --> 0:12:13.640
<v Speaker 2>I'm still impressed that I'm not buying more.

0:12:14.040 --> 0:12:16.280
<v Speaker 4>Yeah, I know, it's so funny, Like how did you

0:12:16.320 --> 0:12:17.120
<v Speaker 4>know that I wanted that?

0:12:17.960 --> 0:12:20.400
<v Speaker 2>Oh, it's creepy. But at the same time, I'm like,

0:12:20.760 --> 0:12:22.000
<v Speaker 2>you got me, you got me.

0:12:22.360 --> 0:12:25.400
<v Speaker 4>Yeah. At that time as well was when so it

0:12:25.480 --> 0:12:28.320
<v Speaker 4>was the start of COVID when they were offering the

0:12:28.360 --> 0:12:32.439
<v Speaker 4>grants for building a home. So we just went straight

0:12:32.480 --> 0:12:37.080
<v Speaker 4>to a broker and they did everything, so we sort

0:12:37.120 --> 0:12:39.200
<v Speaker 4>of knew where the money was going. I hadn't after

0:12:39.240 --> 0:12:41.960
<v Speaker 4>pay and a zip pay account, which I had to pay.

0:12:42.320 --> 0:12:45.120
<v Speaker 2>You doubled down, you did both. I love that.

0:12:45.400 --> 0:12:48.520
<v Speaker 4>Yeah, pay and close them. They said, even if it's open,

0:12:49.000 --> 0:12:49.760
<v Speaker 4>it looks.

0:12:49.480 --> 0:12:54.160
<v Speaker 2>Like you still have yeah, which is wild, not actually wild,

0:12:54.200 --> 0:12:56.520
<v Speaker 2>it makes a lot of sense. But the way that

0:12:56.600 --> 0:12:59.080
<v Speaker 2>a mortgage broke it, because as you guys probably already know,

0:12:59.200 --> 0:13:02.200
<v Speaker 2>I own a more motgage broking business. So the way

0:13:02.280 --> 0:13:05.360
<v Speaker 2>that brokers and the banks look at it is if

0:13:05.400 --> 0:13:08.880
<v Speaker 2>you say, have a ten thousand dollars credit card, they

0:13:08.880 --> 0:13:11.360
<v Speaker 2>don't go, oh my gosh, money diarist, how much have

0:13:11.400 --> 0:13:14.240
<v Speaker 2>you spent on your credit card and you go zero dollars.

0:13:14.280 --> 0:13:17.600
<v Speaker 2>They go, you've got access to ten thousand dollars, So

0:13:17.720 --> 0:13:20.720
<v Speaker 2>therefore we're going to max out what your ten thousand

0:13:20.760 --> 0:13:23.319
<v Speaker 2>dollars is because tomorrow you could go and spend ten

0:13:23.360 --> 0:13:25.719
<v Speaker 2>thousand dollars and that would be maxed out. So they

0:13:25.760 --> 0:13:30.160
<v Speaker 2>always operate on the basis that your credit lines, so

0:13:30.320 --> 0:13:33.480
<v Speaker 2>your credit card, you're after pay, your zip pay is

0:13:33.559 --> 0:13:36.840
<v Speaker 2>maxed out, and that's how they calculate your borrowing capacity.

0:13:37.240 --> 0:13:38.959
<v Speaker 2>So they will look at it that way, which is

0:13:39.000 --> 0:13:41.600
<v Speaker 2>why your broker would have been like close those because

0:13:41.640 --> 0:13:45.600
<v Speaker 2>you probably had some nice, nice levels of credit sitting there.

0:13:45.920 --> 0:13:48.560
<v Speaker 2>But even if you had literally zero dollars on it,

0:13:48.640 --> 0:13:51.559
<v Speaker 2>the bank looks at it in a way that just goes, well, actually,

0:13:51.600 --> 0:13:53.480
<v Speaker 2>we will lend you less money because you've got that

0:13:53.520 --> 0:13:54.760
<v Speaker 2>line of credit over there.

0:13:55.000 --> 0:13:58.160
<v Speaker 4>Yeah. It was good though, because I sort of haven't

0:13:58.280 --> 0:14:00.920
<v Speaker 4>used them and it's now buy things if I have

0:14:01.000 --> 0:14:01.400
<v Speaker 4>the money.

0:14:01.679 --> 0:14:02.880
<v Speaker 2>Good.

0:14:03.720 --> 0:14:06.880
<v Speaker 4>Yeah, So we got our pre approval and then we

0:14:06.960 --> 0:14:11.040
<v Speaker 4>put an offer on a block of land and then

0:14:11.160 --> 0:14:12.800
<v Speaker 4>got a quote for the build as well. But the

0:14:12.840 --> 0:14:16.080
<v Speaker 4>first broken that we went to said that we weren't

0:14:16.120 --> 0:14:19.760
<v Speaker 4>actually able to get the mortgage for that build, just

0:14:19.800 --> 0:14:22.000
<v Speaker 4>the land. And I was like, no, I don't believe that.

0:14:23.200 --> 0:14:26.720
<v Speaker 2>You're a potato of a broker. Any good broker would

0:14:26.760 --> 0:14:27.800
<v Speaker 2>be able to find a way.

0:14:28.480 --> 0:14:31.280
<v Speaker 4>Yeah, And she was very new to her job as well.

0:14:31.560 --> 0:14:33.200
<v Speaker 2>Ah see that's hard.

0:14:34.080 --> 0:14:36.280
<v Speaker 4>Yeah, I know, I just didn't believe it. I was like, no,

0:14:36.400 --> 0:14:38.920
<v Speaker 4>I've completely changed my spending habits. I know that there's

0:14:39.040 --> 0:14:42.640
<v Speaker 4>money that we can afford and at the time, the

0:14:43.080 --> 0:14:45.920
<v Speaker 4>loan for airhouse was only sixteen hundred dollars a month.

0:14:46.000 --> 0:14:49.280
<v Speaker 2>Now it's oh my god.

0:14:49.600 --> 0:14:52.960
<v Speaker 4>Yeah, it was definitely affordable, Like rent was more expensive

0:14:53.000 --> 0:14:55.360
<v Speaker 4>than a mortgage at the time. So we went to

0:14:55.400 --> 0:14:58.080
<v Speaker 4>another broker and she was amazing. She was like, I

0:14:58.120 --> 0:15:00.760
<v Speaker 4>didn't understand what that person means. It looks like you'd

0:15:00.760 --> 0:15:03.360
<v Speaker 4>have like six hundred dollars a month left over after

0:15:03.560 --> 0:15:04.320
<v Speaker 4>all your spending.

0:15:04.600 --> 0:15:08.800
<v Speaker 2>Yeah, that's where I get really frustrated. And I adore

0:15:08.840 --> 0:15:12.040
<v Speaker 2>the industry, right like mortgage broking. I've put my heart

0:15:12.080 --> 0:15:14.800
<v Speaker 2>and soul into this, right, Like I got rid of

0:15:14.880 --> 0:15:17.480
<v Speaker 2>financial advice so I could focus on this. So if

0:15:17.480 --> 0:15:19.880
<v Speaker 2>that's not passion, I don't know what it is. And

0:15:20.480 --> 0:15:23.000
<v Speaker 2>I adore that there are so many new people entering

0:15:23.000 --> 0:15:28.520
<v Speaker 2>the industry, but I'm also often confused about how they're like,

0:15:28.640 --> 0:15:30.480
<v Speaker 2>I'm the best at this, come and see me, and

0:15:30.520 --> 0:15:33.080
<v Speaker 2>you're like, you've only been working in this for a year.

0:15:33.200 --> 0:15:35.920
<v Speaker 2>And I totally understand that you're probably really good at

0:15:35.960 --> 0:15:39.400
<v Speaker 2>basic things, but when it comes to homeland packages, when

0:15:39.440 --> 0:15:44.280
<v Speaker 2>it comes to, you know, something even slightly complex, they

0:15:44.400 --> 0:15:47.880
<v Speaker 2>just don't have the experience and they don't have the knowledge,

0:15:47.920 --> 0:15:50.200
<v Speaker 2>and a lot of it is around actually knowing where

0:15:50.240 --> 0:15:53.280
<v Speaker 2>to go. So like I might go and look, you

0:15:53.320 --> 0:15:55.680
<v Speaker 2>know on the NAB website and go they don't do this,

0:15:55.960 --> 0:15:57.640
<v Speaker 2>but you, in the back of your mind go, hold on.

0:15:57.760 --> 0:16:00.360
<v Speaker 2>I know that at some point NAB did XYZ for

0:16:00.400 --> 0:16:02.560
<v Speaker 2>this other client, and I know that BDM does this.

0:16:02.680 --> 0:16:04.240
<v Speaker 2>I'm just going to call them and see what they

0:16:04.280 --> 0:16:08.320
<v Speaker 2>can do. And you need those relationships in mortgage broking

0:16:08.520 --> 0:16:10.920
<v Speaker 2>because they're the ones that actually get you across the line,

0:16:11.040 --> 0:16:13.920
<v Speaker 2>especially right now where everything is so much harder. So

0:16:14.360 --> 0:16:17.240
<v Speaker 2>tell me, Once your new broker said, look, you can't

0:16:17.280 --> 0:16:19.560
<v Speaker 2>actually get house of land, I'll work it out for you.

0:16:20.280 --> 0:16:21.720
<v Speaker 2>What was that like? Was that exciting?

0:16:22.080 --> 0:16:24.840
<v Speaker 4>Yeah? It was amazing because the price of it wasn't

0:16:24.880 --> 0:16:27.760
<v Speaker 4>that expensive. I think it was four hundred and forty thousand,

0:16:27.960 --> 0:16:31.120
<v Speaker 4>and we got forty five thousand from the government and

0:16:31.160 --> 0:16:33.440
<v Speaker 4>we also built like a big, beautiful house.

0:16:33.720 --> 0:16:34.840
<v Speaker 2>How exciting.

0:16:35.200 --> 0:16:38.080
<v Speaker 4>Yeah, I miss it. It was a beautiful home. But

0:16:38.160 --> 0:16:41.760
<v Speaker 4>I love really living now. And then yeah, so we

0:16:41.840 --> 0:16:45.160
<v Speaker 4>lived in that for two years and this house out

0:16:45.200 --> 0:16:49.080
<v Speaker 4>of town became available, and so my grandfather and my

0:16:49.480 --> 0:16:53.640
<v Speaker 4>uncle are both the estate agents. And I just asked

0:16:53.680 --> 0:16:56.040
<v Speaker 4>for some advice. And because it was such a rundown

0:16:56.120 --> 0:16:58.720
<v Speaker 4>house and it obviously needed a lot of renovations. If

0:16:58.720 --> 0:17:01.000
<v Speaker 4>they hadn't cleaned it up, they could have made one

0:17:01.080 --> 0:17:04.120
<v Speaker 4>hundred thousand dollars more than what we paid. But because

0:17:04.160 --> 0:17:06.719
<v Speaker 4>it was so rundown, we got it a lot cheaper.

0:17:07.359 --> 0:17:11.040
<v Speaker 4>And also because the housing market just went crazy, we

0:17:11.119 --> 0:17:14.680
<v Speaker 4>made a three hundred and something dollar profit. Oh my god.

0:17:15.280 --> 0:17:17.879
<v Speaker 2>Yeah, that's one of the reasons I got my first

0:17:17.880 --> 0:17:20.320
<v Speaker 2>house cheaper. Actually was because they didn't want to come

0:17:20.359 --> 0:17:23.520
<v Speaker 2>back and like tidy it up and get rid of everything,

0:17:23.680 --> 0:17:25.480
<v Speaker 2>and they weren't in the country at the time, and

0:17:25.520 --> 0:17:28.320
<v Speaker 2>they like even had like furniture and stuff that we

0:17:28.400 --> 0:17:30.320
<v Speaker 2>had to get rid of, like and it was I

0:17:30.400 --> 0:17:32.399
<v Speaker 2>was like, that's fine, that's fine, I'll take your not

0:17:32.480 --> 0:17:34.440
<v Speaker 2>so good house. I'll clean it up. It will be

0:17:34.520 --> 0:17:37.119
<v Speaker 2>perfect for us. But you can save some good money

0:17:37.119 --> 0:17:37.480
<v Speaker 2>that way.

0:17:37.720 --> 0:17:40.000
<v Speaker 4>And also a lot of people that looked at the

0:17:40.040 --> 0:17:43.320
<v Speaker 4>house because we were like, there were a few it's

0:17:43.359 --> 0:17:45.960
<v Speaker 4>a lot of work, so like that's de terrent for

0:17:46.040 --> 0:17:46.639
<v Speaker 4>people to that.

0:17:47.119 --> 0:17:49.919
<v Speaker 2>I was like, I want it, yeah, how good? And

0:17:50.000 --> 0:17:52.840
<v Speaker 2>so then you made three hundred thousand dollars on that property,

0:17:52.880 --> 0:17:53.880
<v Speaker 2>and then what happened.

0:17:54.200 --> 0:17:57.679
<v Speaker 4>Yeah, so when we saw our house, we both had carloons.

0:17:57.880 --> 0:18:01.200
<v Speaker 4>I had just taken out a thirty one thousand or

0:18:01.240 --> 0:18:04.719
<v Speaker 4>the carlon which I paid off straight away basically, and

0:18:04.760 --> 0:18:08.240
<v Speaker 4>then he paid off his. He had about ten thousand left.

0:18:09.480 --> 0:18:13.720
<v Speaker 4>We put two hundred and sixty thousand towards the house

0:18:13.760 --> 0:18:16.640
<v Speaker 4>so we didn't have to pay the LMI, and then

0:18:16.680 --> 0:18:21.080
<v Speaker 4>we had thirty thousand leftover for renovations as well. So

0:18:21.119 --> 0:18:25.560
<v Speaker 4>we've done. I painted the house myself and my partner

0:18:26.000 --> 0:18:28.280
<v Speaker 4>took down walls and did all that sort of stuff,

0:18:28.359 --> 0:18:31.119
<v Speaker 4>and then we paid for a new kitchen, and then

0:18:31.160 --> 0:18:33.359
<v Speaker 4>we're just slowly renovating the rest as we go.

0:18:33.640 --> 0:18:37.600
<v Speaker 2>How exciting. I just did my kitchen. Did you see

0:18:37.600 --> 0:18:38.160
<v Speaker 2>did you see?

0:18:38.359 --> 0:18:39.440
<v Speaker 4>Yeah? The computer one?

0:18:39.800 --> 0:18:42.240
<v Speaker 2>Oh my gosh, yes? Did you do your own kitchen

0:18:42.320 --> 0:18:43.520
<v Speaker 2>or did you have one installed?

0:18:43.600 --> 0:18:43.679
<v Speaker 1>Like?

0:18:43.720 --> 0:18:46.560
<v Speaker 2>How did that work? Because I'm obsessed. I basically am

0:18:46.600 --> 0:18:49.240
<v Speaker 2>a kitchen renovator. Now, I like, you let me know,

0:18:49.359 --> 0:18:51.720
<v Speaker 2>I'll design your kitchen. You let me know, I'll show

0:18:51.760 --> 0:18:54.320
<v Speaker 2>you how to do it. It's harder than I thought

0:18:54.359 --> 0:18:56.960
<v Speaker 2>it would be, as in like just time wise but

0:18:57.520 --> 0:19:00.399
<v Speaker 2>so gratifying, like people come over and I'm like made that.

0:19:01.560 --> 0:19:03.760
<v Speaker 4>So we actually did want to try the Cabudle kitchen,

0:19:03.880 --> 0:19:07.040
<v Speaker 4>but I wanted like a big farmhouse sink.

0:19:07.359 --> 0:19:08.240
<v Speaker 2>Oh yeah.

0:19:08.400 --> 0:19:10.840
<v Speaker 4>It was yes, specific things that I wanted that Kabuda

0:19:10.880 --> 0:19:14.159
<v Speaker 4>couldn't do. And the price that they gave us was

0:19:14.280 --> 0:19:15.280
<v Speaker 4>fourteen thousand.

0:19:15.560 --> 0:19:16.600
<v Speaker 2>Oh that's pretty good.

0:19:16.920 --> 0:19:20.440
<v Speaker 4>Yeah, the person who actually did ours was only seventeen thousand,

0:19:20.480 --> 0:19:22.240
<v Speaker 4>and we got exactly what we wanted.

0:19:22.280 --> 0:19:25.840
<v Speaker 2>So how good? And you got that big farmhouse vibe? Yeah,

0:19:25.920 --> 0:19:28.040
<v Speaker 2>oh my gosh, I love it. Are you talking like

0:19:28.119 --> 0:19:29.800
<v Speaker 2>the big I don't know if anyone else is going

0:19:29.880 --> 0:19:32.160
<v Speaker 2>to care, but like the big white farmhouse like one

0:19:32.200 --> 0:19:34.560
<v Speaker 2>that kind of sticks out a little bit. Yeah, oh

0:19:34.560 --> 0:19:37.280
<v Speaker 2>my god, I love it. I have those saved on Pinterest.

0:19:37.520 --> 0:19:39.720
<v Speaker 2>I do not have a house that that could fit in.

0:19:39.960 --> 0:19:42.159
<v Speaker 2>But one day, one day, all right, we're on the

0:19:42.160 --> 0:19:45.080
<v Speaker 2>same page. I love this. So you put in your kitchen,

0:19:45.400 --> 0:19:48.720
<v Speaker 2>You've now moved in, you're on two point seven acres

0:19:49.600 --> 0:19:53.600
<v Speaker 2>and you got engaged. Yes, when did you get engaged?

0:19:54.119 --> 0:19:57.359
<v Speaker 4>I got engaged in April, so my part and I

0:19:57.359 --> 0:20:02.320
<v Speaker 4>had been to go, Oh it's fresh's so very freshly engaged.

0:20:02.600 --> 0:20:05.480
<v Speaker 2>How exciting? And now you're planning a wedding? What's that process?

0:20:05.640 --> 0:20:05.720
<v Speaker 1>Like?

0:20:06.119 --> 0:20:08.800
<v Speaker 4>Well, we sort of had already talked about it heats anyway,

0:20:08.880 --> 0:20:11.480
<v Speaker 4>so and a few of my friends had just got married,

0:20:11.560 --> 0:20:14.520
<v Speaker 4>so I had a lot of information about it. A

0:20:14.560 --> 0:20:16.879
<v Speaker 4>lot of people aren't taking bookings though, because it is

0:20:16.960 --> 0:20:17.680
<v Speaker 4>so far away.

0:20:17.920 --> 0:20:19.879
<v Speaker 2>Oh my gosh, when are you planning on getting married?

0:20:20.160 --> 0:20:21.880
<v Speaker 4>So March twenty six?

0:20:22.320 --> 0:20:24.320
<v Speaker 2>I love that. That's going to give you so much

0:20:24.359 --> 0:20:27.520
<v Speaker 2>good lead up. Yeah, like how good? And have you

0:20:27.560 --> 0:20:30.320
<v Speaker 2>got like a little calendar reminder in your calendar for

0:20:30.400 --> 0:20:32.480
<v Speaker 2>the day that the venue you want is going to

0:20:32.480 --> 0:20:33.560
<v Speaker 2>start taking bookings.

0:20:33.920 --> 0:20:35.880
<v Speaker 4>No, so we're just having it at a house.

0:20:36.080 --> 0:20:37.040
<v Speaker 2>Oh perfect?

0:20:38.240 --> 0:20:38.840
<v Speaker 4>How cool?

0:20:38.880 --> 0:20:39.800
<v Speaker 2>So what's the plan?

0:20:40.119 --> 0:20:43.200
<v Speaker 4>So it's actually perfect because it means that my part,

0:20:43.480 --> 0:20:46.040
<v Speaker 4>my part is a landscaper, so we want to do

0:20:46.080 --> 0:20:48.240
<v Speaker 4>the landscaping at our house. But it just hasn't been

0:20:48.320 --> 0:20:51.080
<v Speaker 4>an urgency, whereas now we want the house looking beautiful.

0:20:51.359 --> 0:20:52.960
<v Speaker 2>Oh you're going to have to plant now so that

0:20:53.000 --> 0:20:56.320
<v Speaker 2>they're beautifully established. Yeah, I'm going to put my wedding

0:20:56.320 --> 0:20:59.080
<v Speaker 2>budget into that instead, and then you get to keep it.

0:20:59.359 --> 0:21:00.800
<v Speaker 2>Yeah you guys, genius.

0:21:01.119 --> 0:21:05.400
<v Speaker 4>Yeah, And obviously because we have the land. I got

0:21:05.400 --> 0:21:08.320
<v Speaker 4>to black found it how much flowers with and I

0:21:08.359 --> 0:21:10.320
<v Speaker 4>was like, wait, I'm just going to grow them myself.

0:21:10.800 --> 0:21:13.119
<v Speaker 2>Oh my god, You're going to grow your own flowers?

0:21:13.520 --> 0:21:13.920
<v Speaker 4>Yeah?

0:21:14.160 --> 0:21:16.639
<v Speaker 2>Oh, how Like what's the plan? What kind of flowers

0:21:16.640 --> 0:21:17.240
<v Speaker 2>are we growing?

0:21:17.560 --> 0:21:21.399
<v Speaker 4>So it'll just be like just heaps of different ones,

0:21:21.440 --> 0:21:25.679
<v Speaker 4>like nothing specific, but I'll grow in September and just

0:21:25.720 --> 0:21:27.320
<v Speaker 4>see what blooms by March.

0:21:27.520 --> 0:21:30.600
<v Speaker 2>That's actually so beautiful. Are you going to go out

0:21:30.600 --> 0:21:34.200
<v Speaker 2>on your wedding morning and pick your bouquet? Oh my god,

0:21:34.280 --> 0:21:37.560
<v Speaker 2>that is so wholesome. And talk me through the rest

0:21:37.600 --> 0:21:40.360
<v Speaker 2>of the budget, like are you going to beat You're

0:21:40.359 --> 0:21:43.000
<v Speaker 2>growing your own flowers, You're building your own venue. Are

0:21:43.000 --> 0:21:44.159
<v Speaker 2>we making our own dress?

0:21:44.200 --> 0:21:44.280
<v Speaker 4>Like?

0:21:44.320 --> 0:21:47.200
<v Speaker 2>Where does the line? Where does the line exist on this?

0:21:47.800 --> 0:21:49.760
<v Speaker 4>I wish my mum made her own dress, but I

0:21:49.760 --> 0:21:51.280
<v Speaker 4>don't think we'd be to do it now.

0:21:51.520 --> 0:21:53.880
<v Speaker 2>I feel like the fabric would be equally as expensive

0:21:53.920 --> 0:21:54.840
<v Speaker 2>as the dress.

0:21:55.160 --> 0:21:59.160
<v Speaker 4>Yeah, there's no real set budget for the rest. We're

0:21:59.200 --> 0:22:02.439
<v Speaker 4>just sort of like we're being reasonable, but also like

0:22:02.520 --> 0:22:04.480
<v Speaker 4>if we want something, we'll get it.

0:22:04.720 --> 0:22:07.239
<v Speaker 2>I love it. Oh my gosh, I'm so excited. I'm

0:22:07.320 --> 0:22:09.120
<v Speaker 2>going to have to get your socials after this because

0:22:09.119 --> 0:22:11.639
<v Speaker 2>I'm going to need to follow all Right. That is

0:22:12.000 --> 0:22:15.280
<v Speaker 2>genuinely so exciting. So let's jump into the next question

0:22:15.400 --> 0:22:17.120
<v Speaker 2>I have for you. I know you came home from

0:22:17.119 --> 0:22:20.080
<v Speaker 2>overseas to study, but what do you now do for work?

0:22:20.080 --> 0:22:21.280
<v Speaker 2>And how much money do you earn?

0:22:21.560 --> 0:22:25.120
<v Speaker 4>Yeah? So I'm a registered nurse in an emergency department

0:22:25.720 --> 0:22:28.240
<v Speaker 4>and I'm also I have my own little business through

0:22:28.280 --> 0:22:30.600
<v Speaker 4>the NDIS as a registered nurse and support.

0:22:30.960 --> 0:22:34.000
<v Speaker 2>Oh that's exciting. Tell me about how much money you earn?

0:22:34.200 --> 0:22:37.240
<v Speaker 4>So this year I should make between one hundred and

0:22:37.280 --> 0:22:39.000
<v Speaker 4>thirty two one hundred and fifty thousand.

0:22:39.119 --> 0:22:40.200
<v Speaker 2>I'm okay, nurse.

0:22:40.720 --> 0:22:46.040
<v Speaker 4>Yeah, what I know, which is amazing because I cut

0:22:46.080 --> 0:22:48.960
<v Speaker 4>down my hours at the hospital and doing more of

0:22:49.000 --> 0:22:53.080
<v Speaker 4>my own business. But I'm home more, working less and

0:22:53.160 --> 0:22:54.600
<v Speaker 4>earning more, which is really exciting.

0:22:54.800 --> 0:22:56.879
<v Speaker 2>Okay, is that you just living the dream?

0:22:57.160 --> 0:22:58.120
<v Speaker 4>Yeah?

0:22:58.160 --> 0:23:00.359
<v Speaker 2>I love this for you. Can I be really what

0:23:00.400 --> 0:23:02.240
<v Speaker 2>does your partner do? How much money does he earn?

0:23:02.440 --> 0:23:05.520
<v Speaker 4>He's a landscaper and earns about seventy.

0:23:05.119 --> 0:23:08.639
<v Speaker 2>Five Oh, okay, bread winner. I love this for you.

0:23:09.520 --> 0:23:12.600
<v Speaker 2>That is so exciting. Do you sometimes reflect on where

0:23:12.640 --> 0:23:15.240
<v Speaker 2>you are today and you know you're going, oh between

0:23:15.280 --> 0:23:18.520
<v Speaker 2>one thirty and one fifty, which is crazy cool. And

0:23:18.560 --> 0:23:21.920
<v Speaker 2>then when I'm you were like, I am living paycheck

0:23:21.960 --> 0:23:24.359
<v Speaker 2>to paycheck. I have a finance card because I needed

0:23:24.359 --> 0:23:28.480
<v Speaker 2>some furniture. My dodgy friend has lumped a group like

0:23:28.520 --> 0:23:30.760
<v Speaker 2>a guaranteur bill on me, and I now have three

0:23:30.800 --> 0:23:33.120
<v Speaker 2>thousand dollars owing like, and I don't know whether money

0:23:33.200 --> 0:23:35.000
<v Speaker 2>is going to come. Do you sometimes just go life

0:23:35.040 --> 0:23:36.240
<v Speaker 2>is a little bit different now.

0:23:36.680 --> 0:23:39.399
<v Speaker 4>Yeah. So I actually never reflected on it until I

0:23:39.480 --> 0:23:44.080
<v Speaker 4>started listening to the Money Diaries episodes, and I literally

0:23:44.160 --> 0:23:46.280
<v Speaker 4>just always get so inspired. I'm like, oh my gosh,

0:23:46.720 --> 0:23:49.320
<v Speaker 4>that's sort of me. Oh, I love that it is you,

0:23:49.440 --> 0:23:52.520
<v Speaker 4>and now you're on the podcast, so it's legitimately you.

0:23:52.640 --> 0:23:56.200
<v Speaker 2>I love this Money Diarist. You've got a wedding coming up,

0:23:56.280 --> 0:23:59.760
<v Speaker 2>you already have a big, beautiful property. What are your

0:23:59.760 --> 0:24:02.560
<v Speaker 2>other big money goals? What are you currently working towards?

0:24:02.880 --> 0:24:05.840
<v Speaker 4>Yeah, so obviously our main thing is we just really

0:24:05.880 --> 0:24:09.760
<v Speaker 4>want to pay off our home. That's our big goal,

0:24:10.240 --> 0:24:13.560
<v Speaker 4>and then we would love to get into property investment,

0:24:13.760 --> 0:24:16.159
<v Speaker 4>but it's not something that's urgent at the moment, and

0:24:16.200 --> 0:24:18.639
<v Speaker 4>we do have equity sitting there in the house that

0:24:19.600 --> 0:24:21.280
<v Speaker 4>we could start doing it, but it's just not a

0:24:21.280 --> 0:24:22.320
<v Speaker 4>priority at the moment.

0:24:22.560 --> 0:24:24.560
<v Speaker 2>Yeah, very cool. So when you say you want to

0:24:24.560 --> 0:24:27.040
<v Speaker 2>fully pay off your home by the age of thirty three,

0:24:27.280 --> 0:24:29.600
<v Speaker 2>how old are you now? What does that kind of

0:24:29.640 --> 0:24:30.439
<v Speaker 2>plan look like?

0:24:30.760 --> 0:24:34.080
<v Speaker 4>Yeah, so I'm twenty six At the moment, I'm putting

0:24:34.160 --> 0:24:37.480
<v Speaker 4>an extra two thousand dollars a fortnight into.

0:24:37.280 --> 0:24:41.120
<v Speaker 2>A a fortnight. Yeah, Okay, someone doesn't understand that we're

0:24:41.119 --> 0:24:43.040
<v Speaker 2>in the middle of a cost of living crisis. It

0:24:43.119 --> 0:24:47.440
<v Speaker 2>must be nice. Yeah, that is no shade, by the way,

0:24:47.520 --> 0:24:50.560
<v Speaker 2>that is just so impressive. I just love that, you know,

0:24:50.800 --> 0:24:53.240
<v Speaker 2>especially right now when so many people are struggling, there

0:24:53.240 --> 0:24:56.840
<v Speaker 2>are beautiful stories of people doing really well, like and

0:24:56.920 --> 0:25:00.680
<v Speaker 2>at the moment, especially post COVID, I think everyone agree

0:25:00.960 --> 0:25:03.640
<v Speaker 2>that who do we want to do really well? Frontline

0:25:03.640 --> 0:25:06.240
<v Speaker 2>workers are nurses, Like, that's exactly who I want to

0:25:06.240 --> 0:25:06.800
<v Speaker 2>see shine.

0:25:07.160 --> 0:25:09.880
<v Speaker 4>Yeah. My partner and I have sat down that other

0:25:10.119 --> 0:25:13.760
<v Speaker 4>like we like to just evaluate like everything, like every

0:25:13.800 --> 0:25:16.040
<v Speaker 4>month or two. I think it makes both of us

0:25:16.040 --> 0:25:18.000
<v Speaker 4>feel better when we can see where our money's going.

0:25:18.040 --> 0:25:20.680
<v Speaker 4>As well. We were able to cut down a lot

0:25:20.720 --> 0:25:25.240
<v Speaker 4>of unnecessarily spending and all of our dispose of income,

0:25:25.560 --> 0:25:28.159
<v Speaker 4>Like we can see where everything's going, and I know

0:25:28.200 --> 0:25:30.680
<v Speaker 4>we don't really have silly spending or anything like that either,

0:25:30.840 --> 0:25:34.879
<v Speaker 4>So oh good, Yeah, we know too that, Like I

0:25:35.040 --> 0:25:38.040
<v Speaker 4>when spoke to an account about everything. Initially, we did

0:25:38.080 --> 0:25:40.800
<v Speaker 4>have different savings accounts that we were putting the money into.

0:25:41.080 --> 0:25:43.200
<v Speaker 4>That our accountants sort of said, like, if you want

0:25:43.200 --> 0:25:45.439
<v Speaker 4>to pay off your house, you're literally better just putting

0:25:45.520 --> 0:25:49.280
<v Speaker 4>all your money into your mortgage and if you need it,

0:25:49.359 --> 0:25:50.520
<v Speaker 4>you can take it back up.

0:25:50.840 --> 0:25:51.119
<v Speaker 1>All right.

0:25:51.160 --> 0:25:52.960
<v Speaker 2>I have a question about that. Do you have a

0:25:53.000 --> 0:25:56.000
<v Speaker 2>redraw facility or an offset facility on your mortgage?

0:25:56.080 --> 0:25:59.440
<v Speaker 4>Yeah, so I have a redraw because we had such

0:25:59.440 --> 0:26:02.520
<v Speaker 4>a good inter right when we got our move to

0:26:02.680 --> 0:26:04.440
<v Speaker 4>it's only five point nine nine percent.

0:26:04.720 --> 0:26:07.760
<v Speaker 2>Okay, she's just flexing left flowret and center today. That

0:26:07.840 --> 0:26:10.040
<v Speaker 2>must be nice. Mine is a little bit higher than that.

0:26:10.720 --> 0:26:13.399
<v Speaker 4>Yeah, but we did talk to a broker about an

0:26:13.400 --> 0:26:18.639
<v Speaker 4>offset account and she said that they offered six point one.

0:26:18.640 --> 0:26:21.600
<v Speaker 2>Four that's not worth it at this point for you. Yeah,

0:26:21.760 --> 0:26:22.040
<v Speaker 2>like we.

0:26:22.000 --> 0:26:24.359
<v Speaker 4>Would never take any small amount out, but it was

0:26:24.359 --> 0:26:26.439
<v Speaker 4>only twenty five dollars fee to take something out, So

0:26:26.680 --> 0:26:28.280
<v Speaker 4>it was just easier to keep the redrawl.

0:26:28.359 --> 0:26:30.919
<v Speaker 2>Yeah, no, that makes sense. I ask because there's always

0:26:30.960 --> 0:26:32.879
<v Speaker 2>like a pro and a con for both. And I

0:26:32.960 --> 0:26:35.480
<v Speaker 2>kind of was expecting you to say, oh, well, we

0:26:35.520 --> 0:26:38.239
<v Speaker 2>have a redrawer because the offset was more expensive. And

0:26:38.280 --> 0:26:40.119
<v Speaker 2>that depends on when you get your mortgage and how

0:26:40.160 --> 0:26:42.760
<v Speaker 2>it works, because my mortgage is cheaper with the offset.

0:26:43.119 --> 0:26:46.000
<v Speaker 2>But it's very different for very different people. It's just

0:26:46.040 --> 0:26:48.040
<v Speaker 2>good to be educated, and it sounds like you are

0:26:48.160 --> 0:26:50.840
<v Speaker 2>very savvy, Like it sounds like you're on top of

0:26:50.880 --> 0:26:52.960
<v Speaker 2>this now, like I think past you is going to

0:26:52.960 --> 0:26:56.439
<v Speaker 2>be shocked at who future you has become. Let's go

0:26:56.480 --> 0:26:58.479
<v Speaker 2>to a really quick break on the flip side. I

0:26:58.520 --> 0:27:00.480
<v Speaker 2>have a lot of questions for you. I want to

0:27:00.520 --> 0:27:02.880
<v Speaker 2>know more about getting out of debt by thirty three.

0:27:03.000 --> 0:27:04.760
<v Speaker 2>I want to know about your investments, and I want

0:27:04.760 --> 0:27:06.800
<v Speaker 2>to know about your best and worst money habits. So guys,

0:27:06.920 --> 0:27:13.760
<v Speaker 2>don't go anywhere. Money Diarist. We are back, and I

0:27:13.800 --> 0:27:16.480
<v Speaker 2>am so excited about this money Diary because I feel

0:27:16.480 --> 0:27:20.119
<v Speaker 2>like you have flipped your narrative entirely, and I just

0:27:20.200 --> 0:27:23.639
<v Speaker 2>love this idea that you've just done it yourself, like

0:27:23.680 --> 0:27:25.639
<v Speaker 2>you and your partner have worked so hard, and I

0:27:25.720 --> 0:27:27.520
<v Speaker 2>know that. At the start of the episode, you said,

0:27:28.040 --> 0:27:30.679
<v Speaker 2>you know, my parents do have money, and you mentioned

0:27:30.680 --> 0:27:33.439
<v Speaker 2>before that some of your family members are in real estate,

0:27:33.520 --> 0:27:36.200
<v Speaker 2>so they obviously know what they're talking about. But you're like,

0:27:36.240 --> 0:27:37.639
<v Speaker 2>I don't want to rely on them. I want to

0:27:37.680 --> 0:27:40.120
<v Speaker 2>do this myself, and I just I have so much

0:27:40.160 --> 0:27:43.359
<v Speaker 2>respect for that, Like that is just so cool. So

0:27:43.400 --> 0:27:45.840
<v Speaker 2>I want to know, apart from the house that you

0:27:46.000 --> 0:27:48.439
<v Speaker 2>live in, do you have any investments. If so, what

0:27:48.480 --> 0:27:48.840
<v Speaker 2>are they.

0:27:48.960 --> 0:27:51.480
<v Speaker 4>I only have a raised account so that I put

0:27:51.520 --> 0:27:53.040
<v Speaker 4>fifteen dollars a week into.

0:27:53.200 --> 0:27:56.479
<v Speaker 2>Not only I have a raised account and I am

0:27:56.600 --> 0:28:00.240
<v Speaker 2>investing currently in the share market, Victoria is what I heard.

0:28:00.400 --> 0:28:04.000
<v Speaker 4>Yes, my partner and I do, like we love the

0:28:04.080 --> 0:28:06.240
<v Speaker 4>idea of investing. But you could talk to so many

0:28:06.240 --> 0:28:08.399
<v Speaker 4>people and so many people tell you different things, and

0:28:08.440 --> 0:28:10.399
<v Speaker 4>it's like you can be really overwhelming.

0:28:10.520 --> 0:28:13.359
<v Speaker 2>It's almost that's why I exist. It's crazy, isn't it.

0:28:13.359 --> 0:28:16.240
<v Speaker 2>You get analysis paralysis.

0:28:16.640 --> 0:28:19.720
<v Speaker 4>So last year was really busy for us. I was

0:28:19.760 --> 0:28:24.840
<v Speaker 4>studying my POSTCRAT and my part was studying business as well.

0:28:24.920 --> 0:28:27.200
<v Speaker 4>So it was something that we sort of put on

0:28:27.320 --> 0:28:31.240
<v Speaker 4>the back thender, I guess, and it is something that

0:28:31.280 --> 0:28:35.280
<v Speaker 4>we want to look into. It's just yeah, there's just

0:28:35.320 --> 0:28:37.879
<v Speaker 4>so much information out there and we just need to

0:28:37.880 --> 0:28:39.280
<v Speaker 4>find what works for us as well.

0:28:39.320 --> 0:28:41.000
<v Speaker 2>I love that. How much have you got in raise?

0:28:41.520 --> 0:28:43.320
<v Speaker 4>I've got one hundred?

0:28:43.600 --> 0:28:46.400
<v Speaker 2>Okay, so she's sitting at four figures and she's like, oh,

0:28:46.520 --> 0:28:49.000
<v Speaker 2>I only have rays. Like sorry, you know how many

0:28:49.040 --> 0:28:52.160
<v Speaker 2>people aren't investing. And I mean all of your cash

0:28:52.240 --> 0:28:54.400
<v Speaker 2>right now is going to the property that you're living

0:28:54.440 --> 0:28:56.160
<v Speaker 2>in because you've got this goal of paying it off,

0:28:56.200 --> 0:28:59.560
<v Speaker 2>and like that makes so much sense. I actually expected

0:28:59.600 --> 0:29:01.600
<v Speaker 2>you to be like, no, we're not focusing on that, Like,

0:29:01.680 --> 0:29:04.280
<v Speaker 2>our focus is somewhere else. The other thing you didn't

0:29:04.320 --> 0:29:08.080
<v Speaker 2>mention is your superannuation. My friend, that is a tax ficle,

0:29:08.160 --> 0:29:12.040
<v Speaker 2>but inside that tax picle you are invested. So what's

0:29:12.080 --> 0:29:13.080
<v Speaker 2>your super looking like?

0:29:13.520 --> 0:29:16.720
<v Speaker 4>So my supers for about fifty zerousand at the moment.

0:29:16.560 --> 0:29:20.560
<v Speaker 2>Are okay at twenty six Yeah, that's definitely worthy of

0:29:20.680 --> 0:29:21.400
<v Speaker 2>mention here.

0:29:22.920 --> 0:29:26.400
<v Speaker 4>So with nursing, they pay I think it's fifteen percent

0:29:27.160 --> 0:29:31.080
<v Speaker 4>at the moment, and with my business, I should be

0:29:31.160 --> 0:29:35.560
<v Speaker 4>putting super away. However, I did speak to my accountant

0:29:35.600 --> 0:29:38.720
<v Speaker 4>and he said, as long as you're paying super with

0:29:39.120 --> 0:29:41.560
<v Speaker 4>nursing and you want to pay off your house, just

0:29:41.800 --> 0:29:44.360
<v Speaker 4>put all that money into the house, and then once

0:29:44.360 --> 0:29:46.000
<v Speaker 4>you pay off the house, you can start putting the

0:29:46.040 --> 0:29:46.760
<v Speaker 4>money into SUPER.

0:29:46.880 --> 0:29:50.520
<v Speaker 2>Yeah. I am obviously wildly passionate about small business and

0:29:50.760 --> 0:29:53.320
<v Speaker 2>I'm always talking to people about making sure that they're

0:29:53.320 --> 0:29:55.800
<v Speaker 2>looking after their SUPER. And that's something that when I

0:29:55.880 --> 0:29:58.560
<v Speaker 2>started my business, I was really bad at I didn't

0:29:58.600 --> 0:30:02.040
<v Speaker 2>pay myself SUPER because let's be honest, I didn't have

0:30:02.120 --> 0:30:04.440
<v Speaker 2>the cash to like, if I wanted my business to

0:30:04.520 --> 0:30:07.080
<v Speaker 2>grow and my SUPER to grow, like something was going

0:30:07.120 --> 0:30:09.560
<v Speaker 2>to have to give. So I don't want people thinking, oh,

0:30:09.640 --> 0:30:11.600
<v Speaker 2>Victoria is a bit delulu, like she thinks that we

0:30:11.640 --> 0:30:13.640
<v Speaker 2>have all this money in our small business. We don't.

0:30:13.960 --> 0:30:16.200
<v Speaker 2>But often when you see people who have really good

0:30:16.280 --> 0:30:19.200
<v Speaker 2>incomes and then a small business on the side, they

0:30:19.240 --> 0:30:21.800
<v Speaker 2>don't pay additional SUPER because it goes somewhere else, It

0:30:21.840 --> 0:30:23.600
<v Speaker 2>goes in line with their values. It might go to

0:30:23.920 --> 0:30:27.600
<v Speaker 2>a separate investment account, it might go to their mortgage,

0:30:27.680 --> 0:30:30.360
<v Speaker 2>it might go to the bills and groceries, or it

0:30:30.440 --> 0:30:33.000
<v Speaker 2>might even just go into paying down something so that

0:30:33.040 --> 0:30:35.360
<v Speaker 2>they can become debt free. So I think it's just

0:30:35.440 --> 0:30:38.240
<v Speaker 2>important to look at it, analyze what's going to work

0:30:38.280 --> 0:30:40.560
<v Speaker 2>for you, and then make a decision instead of I

0:30:40.600 --> 0:30:42.520
<v Speaker 2>think too many of us bury our heads in the sand,

0:30:42.600 --> 0:30:46.400
<v Speaker 2>especially when it comes to super money. Diarist, Sorry about

0:30:46.400 --> 0:30:49.480
<v Speaker 2>that rant. I'm just very passionate about investing. Talk me

0:30:49.680 --> 0:30:53.720
<v Speaker 2>through debt. Before you mentioned that your mortgage was sitting

0:30:53.840 --> 0:30:57.600
<v Speaker 2>at historically sixteen hundred bucks a month, which was really palatable,

0:30:57.760 --> 0:31:00.320
<v Speaker 2>and now it's what twenty eight hundred dollars a month.

0:31:00.680 --> 0:31:02.560
<v Speaker 2>How much of a mortgage and how much debt do

0:31:02.640 --> 0:31:05.240
<v Speaker 2>you have and what do those repayments look like?

0:31:05.520 --> 0:31:09.920
<v Speaker 4>Yeah, so our mortgage is actually our only debt, so

0:31:10.400 --> 0:31:13.320
<v Speaker 4>we pay fortnightly for that, which is thirteen hundred dollars

0:31:13.320 --> 0:31:16.840
<v Speaker 4>a fortnight I think. Which My partner and I don't

0:31:17.080 --> 0:31:20.120
<v Speaker 4>share an account, so we do have that account together.

0:31:20.480 --> 0:31:22.880
<v Speaker 4>We do have some savings accounts together, but we do

0:31:22.960 --> 0:31:26.840
<v Speaker 4>have our own money together as well. His income, he

0:31:26.880 --> 0:31:30.840
<v Speaker 4>pays for the mortgage, and then my income will pay

0:31:30.920 --> 0:31:32.880
<v Speaker 4>for everything else and the saving.

0:31:33.040 --> 0:31:35.720
<v Speaker 2>Oh how cool. I like that you've split it that way.

0:31:35.840 --> 0:31:38.280
<v Speaker 2>Tell me a bit more about was that a conscious

0:31:38.360 --> 0:31:41.280
<v Speaker 2>decision or was that something that just kind of fell

0:31:41.320 --> 0:31:43.720
<v Speaker 2>into place? You're like, oh, you play the mortgage. That's

0:31:43.720 --> 0:31:45.560
<v Speaker 2>one payment. I'll deal with the rest of it because

0:31:45.560 --> 0:31:47.640
<v Speaker 2>I'm the one that always goes to the shops. Or like,

0:31:48.040 --> 0:31:50.720
<v Speaker 2>was this something that you sat down and spoke about

0:31:50.800 --> 0:31:53.640
<v Speaker 2>or just something that happened, Like I'm so pervy on

0:31:54.240 --> 0:31:57.360
<v Speaker 2>finances in relationships, so let me know.

0:31:57.880 --> 0:32:00.960
<v Speaker 4>I'm pretty sure it was a conversation about whether we

0:32:01.000 --> 0:32:04.080
<v Speaker 4>should just put all our money into one account, and

0:32:04.120 --> 0:32:08.040
<v Speaker 4>then we sort of decided not to because it is

0:32:08.080 --> 0:32:11.320
<v Speaker 4>a lot easier having our own money as well. And

0:32:11.360 --> 0:32:14.479
<v Speaker 4>then when we worked out how much money we were

0:32:14.480 --> 0:32:17.400
<v Speaker 4>actually getting between us, we sort of just worked out

0:32:17.680 --> 0:32:20.120
<v Speaker 4>like what to do, and it was just easier if

0:32:20.160 --> 0:32:24.120
<v Speaker 4>he paid the mortgage and then I would pay for

0:32:24.160 --> 0:32:26.960
<v Speaker 4>everything else because like all that stuff was already coming

0:32:27.000 --> 0:32:29.000
<v Speaker 4>out of my accounts anyway.

0:32:29.160 --> 0:32:32.160
<v Speaker 2>Yeah, okay, that makes sense. So how much is left

0:32:32.200 --> 0:32:33.160
<v Speaker 2>on your mortgage?

0:32:33.520 --> 0:32:38.520
<v Speaker 4>We have four hundred and thirty four thousand, and the

0:32:38.760 --> 0:32:43.880
<v Speaker 4>house was six hundred and eighty five plus stamp duties

0:32:43.960 --> 0:32:46.120
<v Speaker 4>about seven hundred and twenty thousand.

0:32:46.240 --> 0:32:48.680
<v Speaker 2>Oh my gosh, doesn't stamp duty make you feel sick?

0:32:48.920 --> 0:32:51.440
<v Speaker 2>Like when you realize how much you're like, that is

0:32:51.560 --> 0:32:52.440
<v Speaker 2>so much money?

0:32:52.960 --> 0:32:57.240
<v Speaker 4>Yeah, and like We're in Victoria, so it was forty thousand,

0:32:57.640 --> 0:32:59.440
<v Speaker 4>but if you're in New South Wales it were in

0:32:59.560 --> 0:32:59.960
<v Speaker 4>like fifty.

0:33:01.000 --> 0:33:03.080
<v Speaker 2>Don't talk to me about it. I bought in Melbourne

0:33:03.360 --> 0:33:06.560
<v Speaker 2>and yes, I do not want to talk about it.

0:33:06.600 --> 0:33:09.640
<v Speaker 2>I'm still triggering. Do you know what stamp duty is though,

0:33:09.800 --> 0:33:13.880
<v Speaker 2>because I find it wild. So way back in the

0:33:13.960 --> 0:33:17.840
<v Speaker 2>day they used to transfer land titles, you would have

0:33:17.920 --> 0:33:19.959
<v Speaker 2>to go to the council. You'd have to go, you know,

0:33:20.000 --> 0:33:22.240
<v Speaker 2>to a government body and you would have to go

0:33:22.360 --> 0:33:25.080
<v Speaker 2>in with all your papers and the other person to

0:33:25.200 --> 0:33:27.680
<v Speaker 2>like do the swap and they would put a stamp

0:33:27.760 --> 0:33:31.240
<v Speaker 2>on it from that council and say, hey, all right,

0:33:31.280 --> 0:33:33.680
<v Speaker 2>this has gone from money Darist to Victoria, or from

0:33:33.760 --> 0:33:36.440
<v Speaker 2>Victoria to money Darist. And it was there like admin

0:33:36.560 --> 0:33:39.880
<v Speaker 2>processing fee, so it used to be small. That is

0:33:39.960 --> 0:33:44.200
<v Speaker 2>now the admin processing fee for us to transfer properties

0:33:44.800 --> 0:33:48.480
<v Speaker 2>before real that's like a government fee or a state

0:33:48.560 --> 0:33:51.840
<v Speaker 2>fee sorry, that they charge for us to just transfer it.

0:33:51.880 --> 0:33:54.320
<v Speaker 2>There's actually not a lot of work involved. In fact,

0:33:54.360 --> 0:33:57.480
<v Speaker 2>I would argue there is less work today than the

0:33:57.600 --> 0:33:59.400
<v Speaker 2>days where you used to go in and get a

0:33:59.480 --> 0:34:04.840
<v Speaker 2>legitimate stamp on a property deed be for real Yeah.

0:34:04.600 --> 0:34:07.320
<v Speaker 4>It's so crazy too, because like when you look at

0:34:07.320 --> 0:34:09.800
<v Speaker 4>buying a house, if it's not your first home, you

0:34:09.920 --> 0:34:12.000
<v Speaker 4>sort of at first you don't really think about that.

0:34:12.040 --> 0:34:15.120
<v Speaker 4>And ours had a price range, so the highest one

0:34:15.120 --> 0:34:17.279
<v Speaker 4>was seven hundred and twenty, So if it had it

0:34:17.360 --> 0:34:19.479
<v Speaker 4>been about only paid seven hundred and twenty, we would

0:34:19.480 --> 0:34:21.200
<v Speaker 4>have paid seven hundred and sixty thousand.

0:34:21.440 --> 0:34:23.120
<v Speaker 2>Yeah, it's wild, isn't it.

0:34:23.400 --> 0:34:23.840
<v Speaker 4>Yeah?

0:34:23.960 --> 0:34:27.600
<v Speaker 2>Oh my gosh. All right, Well, I'm excited that you're

0:34:27.600 --> 0:34:30.160
<v Speaker 2>in a good financial position, and it sounds like because

0:34:30.160 --> 0:34:32.160
<v Speaker 2>you only have four hundred and thirty four thousand dollars

0:34:32.239 --> 0:34:34.600
<v Speaker 2>left on a property that arguably cost you nearly seven

0:34:34.680 --> 0:34:37.160
<v Speaker 2>hundred thousand dollars, you've got some nice equity which is

0:34:37.280 --> 0:34:39.400
<v Speaker 2>very attractive, which is probably going to get you a

0:34:39.400 --> 0:34:42.080
<v Speaker 2>lot closer to that goal of getting into property investing

0:34:42.120 --> 0:34:45.160
<v Speaker 2>with your partner. Tell me, now, what do you think

0:34:45.200 --> 0:34:47.399
<v Speaker 2>your best money habit is. I feel like you've learned

0:34:47.440 --> 0:34:49.560
<v Speaker 2>a few over the last few years.

0:34:49.840 --> 0:34:53.960
<v Speaker 4>Yeah, I think I'm very conscious with our lack of

0:34:54.120 --> 0:34:57.439
<v Speaker 4>budgeting and everything just we don't really even budget. It's

0:34:57.480 --> 0:35:00.200
<v Speaker 4>just that we're always looking at where our spending are

0:35:00.200 --> 0:35:02.800
<v Speaker 4>and what we can cut it down. And I'm also

0:35:03.080 --> 0:35:05.680
<v Speaker 4>not impulsive, like if we were to ever make a

0:35:06.120 --> 0:35:08.640
<v Speaker 4>big purchase, we actually talk about it a lot and

0:35:08.680 --> 0:35:11.600
<v Speaker 4>think if it's worth it. And especially with renovating a house,

0:35:11.640 --> 0:35:14.200
<v Speaker 4>it can be like it can be a bit exciting

0:35:14.239 --> 0:35:16.319
<v Speaker 4>and you want to do things all at once, but

0:35:16.800 --> 0:35:19.520
<v Speaker 4>even though we have the money there, it's like sometimes

0:35:19.560 --> 0:35:20.920
<v Speaker 4>it's not the best time to do it. So I

0:35:20.960 --> 0:35:23.680
<v Speaker 4>think that's a good money habit that we're quite smart

0:35:23.680 --> 0:35:24.880
<v Speaker 4>with uspen.

0:35:24.680 --> 0:35:28.239
<v Speaker 2>I feel like you guys sound like you've got good

0:35:28.280 --> 0:35:31.359
<v Speaker 2>delayed gratification, like you're able to go no, no, no,

0:35:31.440 --> 0:35:33.120
<v Speaker 2>like we don't need that today because we're going to

0:35:33.200 --> 0:35:36.080
<v Speaker 2>get a bigger, better something down the road. I'm really

0:35:36.120 --> 0:35:40.680
<v Speaker 2>bad at that, so I'm very envious. Tell me what's

0:35:40.719 --> 0:35:43.120
<v Speaker 2>your worst habit, Sure you've got one. You can't be

0:35:43.239 --> 0:35:44.520
<v Speaker 2>this good at money.

0:35:45.520 --> 0:35:49.320
<v Speaker 4>I do think that because I have been in positions

0:35:49.320 --> 0:35:51.000
<v Speaker 4>where I don't have money, and now that I do

0:35:51.120 --> 0:35:54.880
<v Speaker 4>have money, I can be a little bit scared to

0:35:54.920 --> 0:35:59.120
<v Speaker 4>spend it. Like we have holiday accounts and everything, and

0:35:59.400 --> 0:36:01.719
<v Speaker 4>the money's there to be spent on holiday accounts, but

0:36:01.880 --> 0:36:06.000
<v Speaker 4>I don't like spending, like I will spend money that

0:36:06.040 --> 0:36:08.960
<v Speaker 4>I have elsewhere like, I don't like seeing the money

0:36:09.160 --> 0:36:12.200
<v Speaker 4>get too low, which is I think because I'm so

0:36:12.320 --> 0:36:15.040
<v Speaker 4>scared of not having the money.

0:36:15.280 --> 0:36:17.600
<v Speaker 2>Yeah, no, I get that. I feel like that's part

0:36:17.640 --> 0:36:20.439
<v Speaker 2>of your money story, Like that's part of you having

0:36:20.480 --> 0:36:24.640
<v Speaker 2>gone through situations where you were probably so stressed, and honestly,

0:36:24.640 --> 0:36:26.880
<v Speaker 2>at the start of this episode, you were saying, I

0:36:26.920 --> 0:36:29.640
<v Speaker 2>didn't even tell people that my friend had blocked me

0:36:29.680 --> 0:36:32.239
<v Speaker 2>and goes to me because I was embarrassed that I

0:36:32.320 --> 0:36:35.319
<v Speaker 2>owed this money on her. Behalf Like, I feel like

0:36:35.560 --> 0:36:38.520
<v Speaker 2>current you would not do that. But also if you've

0:36:38.560 --> 0:36:41.600
<v Speaker 2>been through circumstances like that, they've created a bit of

0:36:41.640 --> 0:36:44.920
<v Speaker 2>trauma and now that still exists when it comes to

0:36:45.000 --> 0:36:47.839
<v Speaker 2>money pressure. Is that something that you're like, oh, I

0:36:47.920 --> 0:36:50.359
<v Speaker 2>totally get that, or is that something that you're like, oh,

0:36:50.400 --> 0:36:52.480
<v Speaker 2>I'm getting through it, like it's not as bad as

0:36:52.480 --> 0:36:54.480
<v Speaker 2>it used to be, or like where are you sitting

0:36:54.480 --> 0:36:55.200
<v Speaker 2>on that fence?

0:36:55.600 --> 0:36:58.680
<v Speaker 4>Yeah, I don't really know. I think it's all very subconscious,

0:36:58.719 --> 0:37:01.440
<v Speaker 4>Like I honestly forget about a lot of things, and

0:37:01.880 --> 0:37:06.480
<v Speaker 4>it's not until I actually think back deeply into it.

0:37:06.440 --> 0:37:08.520
<v Speaker 2>I'm like, oh, maybe that's why so normal.

0:37:09.120 --> 0:37:12.160
<v Speaker 4>Yeah, like my mum is well off now. But my

0:37:12.280 --> 0:37:14.440
<v Speaker 4>parents had got divorced when I was a bit younger,

0:37:14.520 --> 0:37:18.160
<v Speaker 4>and she was working in like a retail store that

0:37:18.239 --> 0:37:19.920
<v Speaker 4>she just didn't earn enough money and I had a

0:37:20.040 --> 0:37:22.799
<v Speaker 4>ridiculous rent and it was quite stressing for her. And

0:37:22.840 --> 0:37:24.879
<v Speaker 4>I think, like I have seen that version of her

0:37:25.320 --> 0:37:27.040
<v Speaker 4>as well, and like, I just want to make sure

0:37:27.120 --> 0:37:29.479
<v Speaker 4>that I don't have to have that life either.

0:37:29.840 --> 0:37:33.040
<v Speaker 2>Yeah, it's so stressful and seeing a parent go through

0:37:33.080 --> 0:37:35.319
<v Speaker 2>something like that, you want to be able to help

0:37:35.360 --> 0:37:36.839
<v Speaker 2>them and you want to be able to support them,

0:37:36.880 --> 0:37:39.120
<v Speaker 2>but at the same time you're learning along the way

0:37:39.160 --> 0:37:41.279
<v Speaker 2>that maybe that's not a path you want to take,

0:37:42.040 --> 0:37:46.320
<v Speaker 2>Like it's a very expensive gift your mum gave you. Yeah,

0:37:47.080 --> 0:37:50.799
<v Speaker 2>so talk me through this, because at the start of

0:37:50.840 --> 0:37:54.359
<v Speaker 2>the episode, I was like, all right, give us your money. Great,

0:37:54.680 --> 0:37:56.160
<v Speaker 2>and you're like, look for you, I think I'm a

0:37:56.239 --> 0:37:58.080
<v Speaker 2>B plus and I was like, all right, no worries.

0:37:58.120 --> 0:38:00.160
<v Speaker 2>And then we started getting into it and you're like, look,

0:38:00.280 --> 0:38:02.200
<v Speaker 2>my friend took me for a ride. You know, got

0:38:02.239 --> 0:38:05.720
<v Speaker 2>this credit card? All made sense. You used to have zippay,

0:38:05.800 --> 0:38:07.560
<v Speaker 2>used to have after pay. There's a little bit of

0:38:07.640 --> 0:38:10.120
<v Speaker 2>room for growth, but your Zippay enough to pay a clothes.

0:38:10.200 --> 0:38:13.360
<v Speaker 2>You don't have that debt anymore. You've you know, wiped

0:38:13.360 --> 0:38:15.800
<v Speaker 2>out this debt that your friend gave you. You've always

0:38:15.840 --> 0:38:19.080
<v Speaker 2>had three jobs since you were fifteen, Like, be for real,

0:38:19.160 --> 0:38:22.040
<v Speaker 2>that's a lot of jobs. You're now a registered nurse.

0:38:22.120 --> 0:38:24.839
<v Speaker 2>You mentioned before you not only are you a registered nurse,

0:38:24.880 --> 0:38:27.160
<v Speaker 2>you've also done your grad dip like you've gone back

0:38:27.200 --> 0:38:30.600
<v Speaker 2>and done post grad studies. Not only that you have

0:38:30.680 --> 0:38:33.120
<v Speaker 2>your own business on the side, you're earning between one

0:38:33.200 --> 0:38:36.400
<v Speaker 2>hundred and thirty one hundred and fifty grand. Like, sorry,

0:38:36.920 --> 0:38:41.800
<v Speaker 2>fact check, just for everybody listening. She's twenty six, like you,

0:38:41.880 --> 0:38:44.960
<v Speaker 2>to me are a child, Like you are still a baby.

0:38:45.000 --> 0:38:47.799
<v Speaker 2>And that's not me being rude or mean. Like I

0:38:47.920 --> 0:38:49.799
<v Speaker 2>just look at someone who's twenty six and go, they

0:38:49.800 --> 0:38:51.920
<v Speaker 2>have their entire life ahead of them. Like the fact

0:38:51.920 --> 0:38:55.120
<v Speaker 2>that you're so well set up, you're so financially savvy

0:38:55.160 --> 0:38:57.560
<v Speaker 2>that you're having your wedding at home and you're growing

0:38:57.600 --> 0:39:00.000
<v Speaker 2>your own flowers. When you saw the cost of flower

0:39:00.440 --> 0:39:04.440
<v Speaker 2>like that is iconic, Like not only is iconic, but

0:39:04.560 --> 0:39:07.160
<v Speaker 2>like how beautiful You're going to have these flowers that

0:39:07.280 --> 0:39:09.960
<v Speaker 2>bloom the year after your wedding in your garden that

0:39:10.000 --> 0:39:12.160
<v Speaker 2>were your wedding flowers. Like, ah, I just think the

0:39:12.200 --> 0:39:16.319
<v Speaker 2>sentiment will vow you there outweighs the financial benefit. You

0:39:16.440 --> 0:39:18.719
<v Speaker 2>were smart about seeing a broker. You knew when to

0:39:18.760 --> 0:39:20.960
<v Speaker 2>push back on a broker to make sure that you

0:39:21.000 --> 0:39:23.160
<v Speaker 2>were getting what you needed. You were like, no, you're

0:39:23.160 --> 0:39:26.399
<v Speaker 2>pretty good at this. Like, but also, you're not giving

0:39:26.400 --> 0:39:27.799
<v Speaker 2>me the outcome I need. I'm going to get a

0:39:27.800 --> 0:39:31.040
<v Speaker 2>second opinion. And that second opinion led you to getting

0:39:31.120 --> 0:39:33.920
<v Speaker 2>a property that you got to sell for three hundred

0:39:33.960 --> 0:39:37.080
<v Speaker 2>thousand dollars. More like you got a three hundred grand

0:39:37.080 --> 0:39:39.960
<v Speaker 2>profit which got you into your family home. Now, like,

0:39:40.640 --> 0:39:42.680
<v Speaker 2>I have a lot to go through. I'm going to

0:39:42.719 --> 0:39:45.640
<v Speaker 2>stop there though, because I think that you're getting a

0:39:45.760 --> 0:39:49.520
<v Speaker 2>sense of where I'm going with this. My friend, if

0:39:49.520 --> 0:39:51.759
<v Speaker 2>you're really a B plus, tell me what it would

0:39:51.800 --> 0:39:54.319
<v Speaker 2>take to get you to an A plus. If you've

0:39:54.360 --> 0:39:56.319
<v Speaker 2>listened to this and you're like me, maybe I'm not

0:39:56.400 --> 0:40:00.359
<v Speaker 2>a B plus? Where are we sitting after this comment station,

0:40:00.600 --> 0:40:01.240
<v Speaker 2>my friend.

0:40:01.640 --> 0:40:03.400
<v Speaker 4>I'm a bit more than a B plus.

0:40:03.640 --> 0:40:06.640
<v Speaker 2>Oh really, I did not see that coming. I am

0:40:06.680 --> 0:40:08.000
<v Speaker 2>shocked and horrified.

0:40:09.080 --> 0:40:11.520
<v Speaker 4>I wouldn't say that I'm an A plus or anything.

0:40:11.600 --> 0:40:13.279
<v Speaker 4>I think that even though, like I want to pay

0:40:13.320 --> 0:40:15.120
<v Speaker 4>off my house and stuff, I still think that it

0:40:15.120 --> 0:40:19.240
<v Speaker 4>would be beneficial for me to invest or do property

0:40:19.280 --> 0:40:22.440
<v Speaker 4>investing just for like the future as well. So I

0:40:22.480 --> 0:40:25.080
<v Speaker 4>think that would Yeah, that would be what it takes

0:40:25.120 --> 0:40:26.080
<v Speaker 4>to get to an A plus.

0:40:26.120 --> 0:40:29.279
<v Speaker 2>But what is in the way, Like, I need to

0:40:29.360 --> 0:40:31.480
<v Speaker 2>understand what is in the way of you becoming a

0:40:31.480 --> 0:40:34.600
<v Speaker 2>property investor, because right now, all of your ducks are

0:40:34.600 --> 0:40:37.040
<v Speaker 2>in a perfect line to put you there. You right

0:40:37.080 --> 0:40:39.520
<v Speaker 2>now just need a bit more time. Is that right?

0:40:39.600 --> 0:40:42.080
<v Speaker 2>So you're telling me that time is the thing that

0:40:42.160 --> 0:40:43.680
<v Speaker 2>is going to change you from a B plus to

0:40:43.680 --> 0:40:47.120
<v Speaker 2>an A plus because your plan's perfect. Yeah, okay, all right,

0:40:47.200 --> 0:40:50.360
<v Speaker 2>brag about it. I'm very envious but also so in

0:40:50.520 --> 0:40:53.840
<v Speaker 2>awe that you set yourself up like this money diarist.

0:40:54.040 --> 0:40:57.560
<v Speaker 2>I am so impressed, and I'm just so glad that

0:40:57.680 --> 0:41:00.160
<v Speaker 2>I get to share your story with our community. I'm

0:41:00.200 --> 0:41:03.440
<v Speaker 2>so excited that you were a money Diary listener and

0:41:03.480 --> 0:41:06.280
<v Speaker 2>now you've become a money diarist, Like that's the coolest

0:41:06.320 --> 0:41:09.160
<v Speaker 2>thing ever. And to me, knowing that you know the

0:41:09.200 --> 0:41:12.680
<v Speaker 2>content that we create motivates you, Like, isn't that cool, Like,

0:41:12.760 --> 0:41:15.480
<v Speaker 2>I don't know. I have to pinch myself sometimes because

0:41:15.760 --> 0:41:18.319
<v Speaker 2>often the podcast is just s you are me. We're

0:41:18.360 --> 0:41:21.359
<v Speaker 2>currently sitting online doing a zoom, just having a chat

0:41:21.400 --> 0:41:23.799
<v Speaker 2>as friends, and I've got this set of questions that

0:41:23.880 --> 0:41:25.960
<v Speaker 2>I ask all of my friends that come on the show,

0:41:26.600 --> 0:41:29.279
<v Speaker 2>and it doesn't feel like so many people listen, and

0:41:29.320 --> 0:41:31.800
<v Speaker 2>then you realize the impact in You're like, this is cool,

0:41:32.000 --> 0:41:34.640
<v Speaker 2>this is changing people's money stories for the better. So

0:41:35.040 --> 0:41:37.480
<v Speaker 2>I'm so glad that we've spoken and I've gotten to

0:41:37.520 --> 0:41:40.920
<v Speaker 2>share your story with the community. Unfortunately, this has been

0:41:40.920 --> 0:41:42.959
<v Speaker 2>a long one, so we have run out of time

0:41:43.000 --> 0:41:45.799
<v Speaker 2>for today, but I'm really grateful that you joined us,

0:41:45.840 --> 0:41:48.080
<v Speaker 2>so thank you, and I know our community is gonna

0:41:48.080 --> 0:41:49.759
<v Speaker 2>love this story as much as I have.

0:41:50.680 --> 0:41:52.200
<v Speaker 4>Thank you so much for having me.

0:41:52.440 --> 0:41:53.120
<v Speaker 2>Oh my gosh.

0:41:53.160 --> 0:42:02.240
<v Speaker 5>Of course, the advice shared on She's on the Money

0:42:02.360 --> 0:42:04.040
<v Speaker 5>is general in nature and does not.

0:42:04.120 --> 0:42:08.360
<v Speaker 2>Consider your individual circumstances. She's on the Money exists purely

0:42:08.400 --> 0:42:11.360
<v Speaker 2>for educational purposes and should not be relied upon to

0:42:11.360 --> 0:42:14.720
<v Speaker 2>make an investment or financial decision. If you do choose

0:42:14.719 --> 0:42:17.680
<v Speaker 2>to buy a financial product, read the PDS TMD and

0:42:17.760 --> 0:42:21.000
<v Speaker 2>obtain appropriate financial advice. Tailored towards your needs.

0:42:21.360 --> 0:42:25.320
<v Speaker 5>Victoria divine and She's on the money are authorized representatives

0:42:25.360 --> 0:42:29.480
<v Speaker 5>of money sherper Pty Ltd ABN three two one six

0:42:29.560 --> 0:42:33.439
<v Speaker 5>four nine two seven seven zero eight AFSL four five

0:42:33.520 --> 0:42:35.400
<v Speaker 5>one two eight nine