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

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Speaker 1: and I'm here to acknowledge country. Te Glenn Young Ganya Niana,

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Speaker 1: Kaka yah Ya bin ah Waka Nian our gay In Nimbini,

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Speaker 1: yakarum Jar, Dominyamiga Umaga, Ihowaka, Nile, Waman damon Immalan, Bumba

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Speaker 1: bang gadaboma In and now in Waka ghana on yak

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Speaker 1: rum Jar Watanadaa. Hello, beautiful friends, we gather on the

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

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

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

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

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

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Speaker 2: She's on the Money.

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

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Speaker 3: the Money, the podcast that lets you be pervy about

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Speaker 3: other people's money stories for educational purposes, of course. Welcome

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Speaker 3: back to an one of our money diaries, brought to

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Speaker 3: you by our friends at Skywealth, where we get to

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Speaker 3: talk with one of our incredible She's on the Money

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Speaker 3: community members all about their journey. Let's jump straight into it,

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Speaker 3: because this week I got a message and it sounded

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Speaker 3: exactly like this. Hi, she's on the money. I'm a

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Speaker 3: thirty two year old mum of two boys and a

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Speaker 3: wife to an amazing equal parent husband. My money story

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Speaker 3: starts young, growing up in a restaurant environment and essentially

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Speaker 3: working since childhood. I've gone through an intense healing journey

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Speaker 3: in adulthood and it's only been accelerated since having children

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Speaker 3: and finding your amazing resources. During my first Matt leave

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Speaker 3: twenty twenty five has been a doozy from a debilitating

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Speaker 3: neck injury that left me bedbound for a month to

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Speaker 3: saying yes to everything and seeing all of the cards unfold.

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Speaker 3: We're now about to hard launch our business, the first

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Speaker 3: ever car boot Baby Change station Money Diarist. Welcome to

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Speaker 3: the show.

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Speaker 2: Thank you for having me so it's I manifested not

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Speaker 2: to be creepy.

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Speaker 3: Also, I need that product, Like I'm a bit embarrassed,

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Speaker 3: but I have a kmart change mat in my boot

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Speaker 3: because I refuse to change my kids in the public toilets.

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Speaker 2: Like no, thank you. Yeah, I've used every system under

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Speaker 2: the sun and then spent way too much money on

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Speaker 2: it and just a effort I'll make it myself, and

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Speaker 2: you did.

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Speaker 3: And now you're about to hard launch your business, which

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Speaker 3: maybe people might find Yosh's on the Money very soon.

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Speaker 3: But I want to talk to you about your money story.

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Speaker 3: So before we dive straight in, my favorite question to ask,

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Speaker 3: and I always ask everyone this first. If I was

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Speaker 3: to ask you to give your money habits a grade

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Speaker 3: from A three to F, what grade would you give them?

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Speaker 2: I think I am going to just claim the A.

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Speaker 3: You're going to claim an A. I love it.

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Speaker 2: Yeah, just going straight for the aid.

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Speaker 3: Okay, I love it.

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Speaker 4: I love it.

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Speaker 3: Let's dive straight in. So we're in a tell me

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Speaker 3: a bit more about your money story.

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Speaker 2: I think just growing up in a restaurant environment, it

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Speaker 2: really is shaped how I do things, so efficiency and

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Speaker 2: process with drew it into me so young, as well

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Speaker 2: as how to work to survive and afford the things

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Speaker 2: that you can have. So that's always just been a

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Speaker 2: principle of mine since childhood, and I've kind of just

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Speaker 2: maintained that. And it's a classic kind of small town

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Speaker 2: girl moving into a big city and being self sufficient

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Speaker 2: that I kind of followed that trajectory. So I obviously

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Speaker 2: worked in my parents restaurant as a child. They paid me,

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Speaker 2: don't worry, abo, I also picked up another like second or.

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Speaker 3: What even if they didn't, I'd be like whatever, that's

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Speaker 3: your parents restaurant. And I feel like every friend that

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Speaker 3: I've had that's lived in like a restaurant environment, like

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Speaker 3: you have to have a good work ethic. You can

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Speaker 3: not because everything's so fast paced, especially when you're little.

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Speaker 3: Like if your parents are owned the restaurant, they would

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Speaker 3: have been like chop shop money dirests, get it together,

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Speaker 3: We've got to do this, this, this.

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Speaker 2: And this absolutely and just being in scenarios where adults

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Speaker 2: on even in like I was running a full restaurant

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Speaker 2: floor by myself. It is like a fourteen year old.

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Speaker 3: I mean fourteen years and nine months, because that would

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Speaker 3: be legal. Yes yes, yes, yes, yes, yes, you hadn't

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Speaker 3: been doing that since you were nine no no, no,

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Speaker 3: no no.

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Speaker 2: But you know I did run the occasional like duck

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Speaker 2: it to the kitchen and you know, brought out the

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Speaker 2: prawn chips for the customers, all that typical cute girl

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Speaker 2: Asian stuff, and yeah, I kind of just worked my

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Speaker 2: way through school as well. I had a part time

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Speaker 2: job at a juice bar just to anti extra cash,

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Speaker 2: all in the effort to kind of have that nest

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Speaker 2: egg to move out. And then I was fortunate enough

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Speaker 2: to be accepted into a good UNI, where again I

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Speaker 2: just kind of paid my own way. I'd received the

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Speaker 2: youth allowance from the government, which supplemented a good part

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Speaker 2: of the income as well. So again thankful for our

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Speaker 2: government resources that you know, enable more rural kids to

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Speaker 2: get that formal education. And I worked through a lot

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Speaker 2: of CD pubs before landing a job as a cocktail

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Speaker 2: server at the private gaming rooms casinos. Oh, that would

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Speaker 2: have been so interesting a lot. Yes, it was so interesting.

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Speaker 2: I think that's where I had my big, you know,

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Speaker 2: first awakening about how money moves in the world. Yeah,

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Speaker 2: when you're getting paid like a minimum wage job, but

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Speaker 2: also a lot of it is supplemented by tips, So

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Speaker 2: that side of things is the true trope of you

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Speaker 2: can generate a lot of money from tips working as

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Speaker 2: a contail totally.

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Speaker 3: And as you mentioned before, you grew up in a

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Speaker 3: rural kind of area. You've mentioned that you're Asian. I

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Speaker 3: feel like that culture shock could have been a lot

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Speaker 3: as well.

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Speaker 2: Exactly. So going from an environment where you have to

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Speaker 2: work to get paid to seeing people like do one

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Speaker 2: hundred thousand dollars debts on a table and just literally

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Speaker 2: throw their money and so much wealth around the room

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Speaker 2: and I'm here, like, here's your drink and then you know,

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Speaker 2: I get a dollar tip in return.

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Speaker 3: That was just bizarre thing, Spabe. Yeah, It's a lot,

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Speaker 3: isn't it. And as somebody who you know, I didn't

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Speaker 3: grow up in the same environment, but I did grow

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Speaker 3: up not with wealth, and then coming into I worked

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Speaker 3: in the financial advice space, in the high net wealth space,

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Speaker 3: and it was really confronting being like, wait, you don't

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Speaker 3: care about this, Like here, I am trying to, you know,

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Speaker 3: save another hundred dollars because I want this really important

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Speaker 3: thing to me and you kind of just flushed it

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Speaker 3: down the toilet. What do you mean? You don't have

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Speaker 3: the same value with money?

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Speaker 2: Absolutely, and also learning that wealthy people, I guess to

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Speaker 2: an extent they shouldn't be looked up to in a

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Speaker 2: morality kind of absolutely not Like there was a guy

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Speaker 2: who showed me his bank account and like put his

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Speaker 2: phone in my face said can you read those numbers

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Speaker 2: on the screen and I was like, it's four hundred

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Speaker 2: thousand dollars, and he goes, that's my bank account and

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Speaker 2: wouldn't you like to have that in your bank account?

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Speaker 2: And I was like, if you drink, sir, what the hell?

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Speaker 3: Also low ca sir, If you've only got four hundred

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Speaker 3: grand in the bank, what are you doing in the

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Speaker 3: high rollers area? I'm sorry, someone over there just bat

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Speaker 3: our hundred grand sit down? Yes, yeah, very just.

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Speaker 2: I guess the coming of age of just being in

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Speaker 2: the city, kind of working my way through getting my

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Speaker 2: first office job. It was like a forty thousand dollars

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Speaker 2: grad job. I thought that was a when suddenly, you know,

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Speaker 2: I had this stable income page six days paid annual leave,

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Speaker 2: which was a foreign concept to be and working my

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Speaker 2: way up until I landed like a fancy corporate that.

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Speaker 3: Sounds so similar to me, and you would have thought,

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Speaker 3: this is living. This is the most amount of money

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Speaker 3: I will ever earn. I'm basically rich.

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Speaker 2: Absolutely, And all that kind of came to a head

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Speaker 2: last year with my neck intry. I had a bolg

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Speaker 2: disc in my neck which left me bed down for

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Speaker 2: a month. My good and I am, okay, it's just

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Speaker 2: an ongoing maintenance thing. It's just old age. So check

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Speaker 2: your posture. This is everyone's reminders of check your posture.

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Speaker 3: Old age, she says, at the ripe old age of the.

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Speaker 2: I feel older anyway. So I had a lot of

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Speaker 2: time with my thoughts in bed, and I was like,

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Speaker 2: thank God, I have this fancy corporate job that is

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Speaker 2: paying my sick leave and while I'm recovering, I can

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Speaker 2: work from my bed. And my partner has this flexible,

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Speaker 2: fancy corporate job too, that's allowing him to be flexible

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Speaker 2: and manage O too, small children.

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Speaker 3: A neck injury in bed with two small kids, Oh,

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Speaker 3: that's nightmare material.

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Speaker 2: He did it all. And just a general shout out

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Speaker 2: to the millennial dads out there who had actually just

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Speaker 2: being equal partners in life. And it's freeing up so

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Speaker 2: much mental availability for women now and I'm here for that.

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Speaker 2: And yeah. So we had a few big financial decisions

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Speaker 2: to make last year as well. Off the back of

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Speaker 2: recovering from that neck injury. We had our eye on

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Speaker 2: an investment property that we thought was out of our league.

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Speaker 2: We were also meaning to pay the first big invoice

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Speaker 2: for our business.

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Speaker 3: And that starts to add up real quick. Like, you go, wait,

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Speaker 3: I have to pay that too. Oh wait, I have

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Speaker 3: to weigh we're hosting, Oh I have to pay this that,

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Speaker 3: or we just starts coming in, doesn't it.

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Speaker 2: Yeah. So within the same week we had to say

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Speaker 2: go for it. With the investment property, We're like, we

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Speaker 2: have to like scrape all of our money together to

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Speaker 2: pull the deposit together. We also need spare change to

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Speaker 2: pay the invoice for the business or that came in

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Speaker 2: a week yeah, and we felt really good about it.

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Speaker 2: And then the week after, as made redundant from.

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Speaker 3: Said, no, you're getting kicked well you're literally down.

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Speaker 2: Yeah. Funny how that happens.

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Speaker 3: And I don't know if that's funny. That's not what

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Speaker 3: I would call it, but like you know what, I

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Speaker 3: can see that you're gonna call it funny. We'll go

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Speaker 3: with that because oh trauma.

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Speaker 2: Yeah. So thankfully that also came with a nice twenty

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Speaker 2: k estimated payout, so we were seeing that as a

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Speaker 2: blessing in disguise because we also needed that capital and

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Speaker 2: just so that we wouldn't be being done on like

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Speaker 2: zero dollars and I like to have padding in my finance.

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Speaker 3: Yes, yeah, yeah, a buffer exactly. Good girl, that's what

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Speaker 3: we like to hear.

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Speaker 2: But you know, the universe blessed me again and they

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Speaker 2: found me a new job within the same company with

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Speaker 2: a twenty.

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Speaker 3: K pay You got paid twenty grand to stay at

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Speaker 3: the company. Yeahay, here's a pay rise. Here's twenty grand

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Speaker 3: to have a nice day. Can't they just tell you

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Speaker 3: that all at once? Can't they just work it out

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Speaker 3: in the background so that we don't have to stress, Like, oh, yeah,

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Speaker 3: I'm glad that that happened for you.

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Speaker 2: Yep, fast forward to today, like, we've now launched our

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Speaker 2: business at the start of the year.

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Speaker 5: Stop ahead, congrats, also coinciding with a second redundantyluly, they

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Speaker 5: honored the original payout, but you didn't get a pay

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Speaker 5: out for the second redundancy because you wouldn't have been

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Speaker 5: there long enough.

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Speaker 3: Hey no, yeah, the.

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Speaker 2: Same company, but it was only like a six month.

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Speaker 3: Which is rough. Oh my god, So do you have

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Speaker 3: a role now or are we focusing one hundred percent

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Speaker 3: on this business?

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Speaker 2: We are currently unemployed, which has given me lots of

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Speaker 2: headspace to go all in with this one.

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Speaker 3: Maybe this is exactly what the universe has been sending you.

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Speaker 2: I've been hoping so but I do need to start

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Speaker 2: looking for a big gold job soon, but I'm hoping, yeah,

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Speaker 2: we can kind of take our time with that and

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Speaker 2: go all in with this business. Well, I've kind of

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Speaker 2: got the free.

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Speaker 3: Time absolutely, so tell me a bit more about this business,

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Speaker 3: not necessarily like, oh, sell it to me, but like,

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Speaker 3: when you start a business, how does it go from Victoria,

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Speaker 3: I had a lot of time to think. I was

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Speaker 3: on my back, and you know, I decided to go

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Speaker 3: all in. A lot of people are like, oh, Victoria,

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Speaker 3: I can't come up with a good idea, or I

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Speaker 3: can't even start, or I have a good idea and

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Speaker 3: I don't know how to like, you know, make tracks

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Speaker 3: with it. How did you go from laying in bed

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Speaker 3: going I should make a baby change station for boots

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Speaker 3: of cars to actually doing it.

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Speaker 2: Yeah, so the idea has actually been a few years

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Speaker 2: old because my children are three and five, So there

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Speaker 2: was a lot of kind of mental ideation going.

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Speaker 3: The toilet chrage nowally yeah.

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Speaker 2: But we still have the organizer inn aboot. It's one

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Speaker 2: of those things, of course. So yeah, it was kind

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Speaker 2: of one of those on the porch discussions with my

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Speaker 2: husband being like I realistically, in ten years time, We're

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Speaker 2: not going to double that income. We're going to hit

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Speaker 2: the ceiling. In these fancy corporate jobs. It's going to

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Speaker 2: be more competitive, more ruthless. I don't really like the

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Speaker 2: job now, and I don't want my manager's job.

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Speaker 3: Am I going to be doing this in ten years?

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Speaker 2: Like?

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Speaker 3: Is that what life looks like?

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Speaker 2: Exactly? So that started planting the seed of what we

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Speaker 2: we do to pay ourselves. Then, my background was in

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Speaker 2: corporate marketing, where we do a lot of brand launchers

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Speaker 2: and new product.

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Speaker 3: Development issues on the front foot.

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Speaker 2: We had that experience of identifying gaps and challenges that

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Speaker 2: everyday people are having. One of them was obviously the carboot,

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Speaker 2: baby chain station and the amount of carboo nappy changes

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Speaker 2: we did, especially with our second baby, who just always

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Speaker 2: went in the choir.

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Speaker 3: Why is the car seat? It was really call it

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Speaker 3: the Pooh station, Like we put the kid in the car. Oh,

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Speaker 3: if you're consummated in worriers, I'll go put you in

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Speaker 3: the car seat, and then I just know what's going

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Speaker 3: to happen.

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Speaker 2: Yeah, I love it exactly. And with my second maternity leave,

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Speaker 2: I was so much more confident than out and about

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Speaker 2: so I was in the car.

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Speaker 3: Yeah, so you were dealing with that in public.

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Speaker 2: But you know, it just gave me this confidence and

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Speaker 2: connection times and we wanted to turn from being because

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Speaker 2: I had those systems organized with like my makeshift caddies

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Speaker 2: and my anything that I could to make the process easier.

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Speaker 2: So I didn't mind it. I used those a few

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Speaker 2: minutes as like little opportunities for connection, like of course

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Speaker 2: you shout yourself like get on with the day, yep,

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Speaker 2: And that really just lightened everything up. And so I

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Speaker 2: thought there's probably something in that. And I had one

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Speaker 2: of those over this car seat organizes the cheap ones

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Speaker 2: that were terrible.

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Speaker 3: I went through so many, yeah, because they just rip

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Speaker 3: like they're really bad.

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Speaker 2: Yeah, And so I just said, ef, I know how

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Speaker 2: this process works, Like I know, so that I can

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Speaker 2: commission a third party to kind of speck up the

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Speaker 2: design and do the manufacturing side of things. We're in

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Speaker 2: well paying jobs. So all this was kind of a

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Speaker 2: few years ago, and that's just how long that process

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Speaker 2: dakes and inventing something new, and it all came to

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Speaker 2: a head last year so exciting where we had to say, yes,

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Speaker 2: we need to financially commit to this infantry.

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Speaker 3: Yeah, like you can only kick the can so far

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Speaker 3: down the road before you have to put your money

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Speaker 3: where your mouth is to see if it's actually going

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Speaker 3: to work exactly.

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Speaker 2: And so we did that and then everything started unraveling

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Speaker 2: after that. But it's just been like a really fun trajectory.

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Speaker 2: It's I think a lot of people are so attached

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Speaker 2: to their work and their identity is tied to work,

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Speaker 2: whereas I learned to kind of separate that my priority

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Speaker 2: is elsewhere and trying to set up my family for

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Speaker 2: financial success and do something meaningful with our time, and

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Speaker 2: it's still better values than our children, other than you

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Speaker 2: really need to work hard to surpiy because I think

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Speaker 2: you need to work hard to an extent, but you

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Speaker 2: also just need to work smart.

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Speaker 3: Yeah, And I think that that's a really big piece

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Speaker 3: that a lot of us just don't understand or it's

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Speaker 3: really disappointing, right, Like I meet so many people in

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Speaker 3: their you know, fifties and sixties who are only just

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Speaker 3: discovering she's on the money, and they're like, I wish

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Speaker 3: I knew this earlier. I do too, But you kind

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Speaker 3: of go, it's not about working hard, because these people

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Speaker 3: that are coming they're like Victoria, I've worked so hard

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Speaker 3: my entire life, they're doing all this overtime like they

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Speaker 3: are some of the most intelligent women I've ever met.

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Speaker 3: But backtracking, it's not about being the smartest or the

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Speaker 3: hardest worker. It's about zooming out a bit, looking at

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Speaker 3: strategy like you've said, I'm listening in or going, oh,

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Speaker 3: this woman's really switched on because you said, you know,

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Speaker 3: it was just a porch conversation with my husband who's

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Speaker 3: sitting on their porch with their husband, going what just

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Speaker 3: ten years from now, look like, Oh, our income is

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Speaker 3: not going to double in this corporate job. What could

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Speaker 3: we do to support ourselves? These are the conversations I

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Speaker 3: want people to be having. These are the conversations that

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Speaker 3: are going to put you in the best possible position,

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Speaker 3: because yes, you could get your very fancy corporate job,

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Speaker 3: but where's the ceiling on that? What does that look like?

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Speaker 3: Is that going to support the lifestyle that you want?

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Speaker 3: And I think that that's where we need to start

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00:16:18,040 --> 00:16:21,120
Speaker 3: talking to ourselves a little bit bluntly, like, hey, money, direst,

338
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Speaker 3: is this what you want for the rest of your life?

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Speaker 3: Is this going to create the lifestyle that you want

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Speaker 3: for your children and you've ultimately gone, no, it's not

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Speaker 3: what am I going to do about that? And look

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Speaker 3: at you moving mountains to make it happen.

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Speaker 2: Oh, we're trying, trying. But yeah, there were just so

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Speaker 2: many I look back at the powerful women in corporate

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Speaker 2: who I admired it and like they just seemed so

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Speaker 2: well put together and they had so many houses, and

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Speaker 2: I was like, I'm going to get that. But then

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Speaker 2: once you then you're like, oh, in this cost of living,

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Speaker 2: I'm like I can barely afford rent and daycare fees,

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Speaker 2: let alone have an extra investment. Yeah.

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Speaker 3: It's crazy, isn't it.

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Speaker 2: Yeah, So it's just taking into consideration that as well,

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Speaker 2: just where things are moving.

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Speaker 3: Yeah, absolutely, So tell me what do you do for

355
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Speaker 3: work before you just got made redundant again? And what

356
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Speaker 3: were you earning?

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Speaker 2: So? I was a brand marketing manager. The salary is

358
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Speaker 2: one hundred and twenty days with a fifteen percent vernus bonus. Yeah,

359
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Speaker 2: short time incentive bonus.

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Speaker 3: Very cool? And what did like? Incentive bonuses kind of

361
00:17:22,400 --> 00:17:24,399
Speaker 3: come out in the wash as each year.

362
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Speaker 2: It went down every year at that company.

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Speaker 3: Maybe that's why we ended up being made redundant. Who

364
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Speaker 3: knows not because you didn't do it, but I feel

365
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Speaker 3: like that industry is struggling at the moment.

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Speaker 2: Yeah, it is. That's a big like I can look

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Speaker 2: at things objectively when you're in those positions you see me,

368
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Speaker 2: so you can't deny the fact that some things are

369
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Speaker 2: going to move and you, as middle management are probably

370
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Speaker 2: first on the topl block. Okay, I can't take that personally.

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Speaker 3: Oh no, it's never personal, but it does feel personal

372
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Speaker 3: when you get made redundant, irrespective of how logical you are,

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Speaker 3: like you always go, oh, I wish like it wasn't

374
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Speaker 3: so personal. But at the end of the day, I

375
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Speaker 3: think it's really healthy to like your job enough to

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Speaker 3: be like I wish they kept me.

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Speaker 2: Yeah, of course. I cried for a day and then

378
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Speaker 2: started looking for new job, so I started making other plans.

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Speaker 3: Good girl, give yourself a little bit of time. Be

380
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Speaker 3: like I'm crying today. Tomorrow we pull our slocks up.

381
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Speaker 2: Yeah. I think the biggest bonus I received was four

382
00:18:19,840 --> 00:18:23,080
Speaker 2: years ago, and that was ten nice. Last year it

383
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Speaker 2: was three thousand dollars, so it's still better than nothing, obviously,

384
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Speaker 2: But I was never one to kind of budget the

385
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Speaker 2: bonus in my lifestyle Anyway, the bonus was just exactly

386
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Speaker 2: what it is, totally extra.

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Speaker 3: And now that you've got these business, what kind of

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Speaker 3: profit are you guys generating?

389
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Speaker 2: So we have no profit because we invested about fifty

390
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Speaker 2: sixty k into the upfront costs and inventory. We do

391
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Speaker 2: have a small operational costs. We've only been operating about

392
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Speaker 2: three months. Our average revenue is about twelve thousand a mile. Okay, queen,

393
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Speaker 2: and an operating profit of about two thousand a month.

394
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Speaker 2: I believe.

395
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Speaker 3: Sorry, and your business is only three months old and

396
00:19:08,040 --> 00:19:12,280
Speaker 3: you already have an operating profit. Yes, ah, that's so exciting.

397
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Speaker 3: I know that you're looking at this being like that

398
00:19:14,400 --> 00:19:17,000
Speaker 3: that's not going to pay a mortgage is at but

399
00:19:17,560 --> 00:19:20,359
Speaker 3: from little things, big things grow and that's really great traction.

400
00:19:21,440 --> 00:19:24,560
Speaker 2: Yeah, we've been surprised. We'll like at least at a

401
00:19:24,680 --> 00:19:28,359
Speaker 2: stretch goal of like if we sell fifty in the

402
00:19:28,440 --> 00:19:29,720
Speaker 2: first six month, that's a win.

403
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Speaker 3: Yeah, totally that.

404
00:19:31,040 --> 00:19:33,000
Speaker 2: I would also be working full time as well, and

405
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Speaker 2: that would just be you know, like the side hustle

406
00:19:35,440 --> 00:19:39,719
Speaker 2: for this year. So I've been really grateful and please

407
00:19:39,800 --> 00:19:42,560
Speaker 2: to be able to spend my full time energy on

408
00:19:42,720 --> 00:19:46,480
Speaker 2: this and seeing that it works. Seeing that my skill

409
00:19:46,560 --> 00:19:50,520
Speaker 2: set can make something work has been Yeah this.

410
00:19:51,359 --> 00:19:54,240
Speaker 3: Moment, absolutely it can. And look at you go like,

411
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Speaker 3: I don't think people understand how challenging that is to

412
00:19:59,040 --> 00:20:02,440
Speaker 3: kick off a business and have a profit to begin with. Like, Queen,

413
00:20:02,520 --> 00:20:03,679
Speaker 3: what are you doing? That's crazy?

414
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Speaker 2: I love it.

415
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Speaker 3: So talk to me. What are your big money goals

416
00:20:07,359 --> 00:20:09,960
Speaker 3: as a couple, Like what are we currently working towards?

417
00:20:10,280 --> 00:20:14,639
Speaker 2: So we have a second home. I don't think it's

418
00:20:14,640 --> 00:20:17,040
Speaker 2: an investment of property because in the long term we

419
00:20:17,160 --> 00:20:19,800
Speaker 2: plan to be there, but it is one hundred acres

420
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Speaker 2: of rainforest in the mid North Coast and we want

421
00:20:24,240 --> 00:20:26,800
Speaker 2: to build that up to be a homestead eventually and

422
00:20:26,960 --> 00:20:31,119
Speaker 2: basically retire there, build it up, restore it. At the

423
00:20:31,160 --> 00:20:34,320
Speaker 2: moment at our school holiday called the bush how so

424
00:20:34,600 --> 00:20:36,680
Speaker 2: like we go there. Yeah, the plan is to be

425
00:20:36,800 --> 00:20:39,399
Speaker 2: there like every school holidays and just fix it up

426
00:20:39,720 --> 00:20:42,760
Speaker 2: every now and again and yeah, eventually kind of just

427
00:20:43,240 --> 00:20:46,600
Speaker 2: be there. And I want to harvest the wood and

428
00:20:46,760 --> 00:20:49,800
Speaker 2: make baby cots and give them away for free, Like.

429
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Speaker 3: You stop that that is so wholesome.

430
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Speaker 2: Yeah, we want to be, you know, being that homestead lifestyle,

431
00:20:56,680 --> 00:20:58,120
Speaker 2: but not in like a treadwife way.

432
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Speaker 3: Okay, so we're no Baleri, no a few to the

433
00:21:01,080 --> 00:21:03,640
Speaker 3: stem kind of way. So tell me a bit more

434
00:21:03,720 --> 00:21:06,200
Speaker 3: about how you came to have that property because that

435
00:21:06,359 --> 00:21:07,120
Speaker 3: is very cool.

436
00:21:07,440 --> 00:21:11,960
Speaker 2: Yes, So that came about again the affordability crisis. We

437
00:21:12,080 --> 00:21:16,680
Speaker 2: live in Sydney. The two bedroom apartment below us sold

438
00:21:16,760 --> 00:21:22,280
Speaker 2: for one point two million, and like, no, and whatever

439
00:21:22,400 --> 00:21:25,960
Speaker 2: deposit we had, we couldn't even afford anything. So that's

440
00:21:26,000 --> 00:21:29,880
Speaker 2: where we kind of, you know, said goodbye to having

441
00:21:29,920 --> 00:21:32,200
Speaker 2: that nice terrace in Surrey Hills that I kind of

442
00:21:32,280 --> 00:21:34,639
Speaker 2: drepped up that I would have because we had these

443
00:21:34,680 --> 00:21:36,440
Speaker 2: corporate jobs, we could take anything.

444
00:21:36,600 --> 00:21:36,760
Speaker 3: Yeah.

445
00:21:36,800 --> 00:21:40,280
Speaker 2: Absolutely, we just said why do we want to live here? Like,

446
00:21:40,440 --> 00:21:43,320
Speaker 2: why do we want to own multimillion dollar property here

447
00:21:43,560 --> 00:21:47,040
Speaker 2: when we can't afford it? And that kind of just

448
00:21:47,119 --> 00:21:49,640
Speaker 2: kicked up for this big, you know, ten years down

449
00:21:49,680 --> 00:21:51,840
Speaker 2: the track where we want to be so and how

450
00:21:51,880 --> 00:21:53,360
Speaker 2: do we want our children to grow up as well?

451
00:21:53,480 --> 00:21:56,640
Speaker 2: So that's where the bush house idea kind of came from.

452
00:21:56,720 --> 00:22:00,359
Speaker 2: We started looking for acreage and maybe some farm land

453
00:22:00,520 --> 00:22:04,320
Speaker 2: and we just found this perfect, perfect one which had

454
00:22:04,320 --> 00:22:06,040
Speaker 2: a cabin on a running creek through it.

455
00:22:06,560 --> 00:22:08,119
Speaker 3: Stop it, that's drone.

456
00:22:09,440 --> 00:22:11,520
Speaker 2: Yeah, it went off the market for a bit, and

457
00:22:11,560 --> 00:22:15,000
Speaker 2: then it came back. We realized that we could potentially

458
00:22:15,119 --> 00:22:19,800
Speaker 2: buy it inspected it, got pre approval, got it, and

459
00:22:19,920 --> 00:22:21,440
Speaker 2: like that was one of the big decisions that we

460
00:22:21,520 --> 00:22:24,720
Speaker 2: had to make a weakness. Oh stop it.

461
00:22:24,880 --> 00:22:27,320
Speaker 3: That would have been so stressful. Yeah, all right, Well

462
00:22:27,480 --> 00:22:29,320
Speaker 3: let's go to a really quick break and on the

463
00:22:29,400 --> 00:22:31,199
Speaker 3: flip side, I want to ask you a little bit

464
00:22:31,240 --> 00:22:34,520
Speaker 3: more about how much you paid for that property, about investments,

465
00:22:34,600 --> 00:22:36,680
Speaker 3: about debt, and then we're going to talk about insurance

466
00:22:36,680 --> 00:22:42,520
Speaker 3: as well. So guys don't go anywhere, all right, money

467
00:22:42,560 --> 00:22:45,000
Speaker 3: direst So we are back and we were talking before

468
00:22:45,080 --> 00:22:48,320
Speaker 3: about this dreamy sounding property that you guys own, but

469
00:22:48,400 --> 00:22:50,120
Speaker 3: you were like, I don't know if it's in investment

470
00:22:50,359 --> 00:22:53,800
Speaker 3: or not. So tell me a bit more about the

471
00:22:53,880 --> 00:22:57,280
Speaker 3: property when you purchased it. How much did you purchase

472
00:22:57,359 --> 00:22:57,560
Speaker 3: it for?

473
00:22:57,960 --> 00:23:01,480
Speaker 2: It was four hundred thousand times what it's.

474
00:23:01,359 --> 00:23:03,359
Speaker 3: Got a creak running through it and it's got a

475
00:23:03,480 --> 00:23:05,960
Speaker 3: cap for only four hundred grand yep.

476
00:23:06,359 --> 00:23:08,680
Speaker 2: And that's why it stood out to us so much

477
00:23:08,960 --> 00:23:13,159
Speaker 2: amongst all the listing crazy within that criteria that we're about,

478
00:23:13,440 --> 00:23:16,560
Speaker 2: you know, seven hundred to a million in that area

479
00:23:16,720 --> 00:23:21,720
Speaker 2: and for that science, this was a gem and we

480
00:23:21,800 --> 00:23:23,560
Speaker 2: were really sad to see it go off the market,

481
00:23:24,640 --> 00:23:27,000
Speaker 2: but it formed our criteria for what other properties we

482
00:23:27,040 --> 00:23:29,960
Speaker 2: should be looking for none can close. And then it

483
00:23:30,040 --> 00:23:32,280
Speaker 2: came back on the market and we got it.

484
00:23:32,400 --> 00:23:33,959
Speaker 3: Yeah, and do you know what, that would have been

485
00:23:34,119 --> 00:23:36,560
Speaker 3: the most validating thing ever, because like, when it went

486
00:23:36,760 --> 00:23:38,800
Speaker 3: off the market, you were probably like, do you know what?

487
00:23:39,200 --> 00:23:41,439
Speaker 3: We should have bought that, And then when it came

488
00:23:41,520 --> 00:23:43,440
Speaker 3: back you were like, well, now we're pretty clear that

489
00:23:43,560 --> 00:23:47,000
Speaker 3: we did really want that exactly. Oh, Like I know

490
00:23:47,119 --> 00:23:49,000
Speaker 3: that that would have been frustrating, but also I'm really

491
00:23:49,000 --> 00:23:51,200
Speaker 3: glad that happened because then you've got even more clarity

492
00:23:51,200 --> 00:23:54,200
Speaker 3: about being so sure about what you want.

493
00:23:54,359 --> 00:23:57,120
Speaker 2: Exactly, and like in that brief moment of time being like, oh,

494
00:23:57,280 --> 00:23:59,280
Speaker 2: maybe we if we just save a bit harder than

495
00:23:59,359 --> 00:23:59,600
Speaker 2: like we.

496
00:23:59,600 --> 00:24:02,440
Speaker 3: Could get something more expensive, get an apartment, and then

497
00:24:02,480 --> 00:24:04,440
Speaker 3: work our way up. And so was that bought in

498
00:24:04,520 --> 00:24:07,119
Speaker 3: twenty twenty five? Is that right correct?

499
00:24:07,160 --> 00:24:10,720
Speaker 2: So we've had that for nearly a year hour approaching.

500
00:24:10,440 --> 00:24:14,200
Speaker 3: That's really exciting and are you investing in any other ways?

501
00:24:14,600 --> 00:24:17,119
Speaker 2: No? To pay for that, we cashed in a lot

502
00:24:17,200 --> 00:24:20,720
Speaker 2: of our shared, so we didn't realize what we were

503
00:24:20,760 --> 00:24:23,359
Speaker 2: sitting on. You know, I found Cheersy's thanks to you.

504
00:24:24,200 --> 00:24:27,000
Speaker 2: I invested in a couple of btfs and a really

505
00:24:27,400 --> 00:24:29,720
Speaker 2: obscure one WWE Wrestling.

506
00:24:29,960 --> 00:24:33,920
Speaker 3: Oh okay, totally obscure. But what made you want to

507
00:24:34,040 --> 00:24:36,760
Speaker 3: invest in that? What was your theory behind that? Because

508
00:24:37,080 --> 00:24:39,520
Speaker 3: we are a big wrestling fans, I did not see

509
00:24:39,560 --> 00:24:39,960
Speaker 3: that coming.

510
00:24:40,000 --> 00:24:41,800
Speaker 2: If you get into the rabbit hole of how that

511
00:24:42,040 --> 00:24:47,080
Speaker 2: business works, it is really fascinating because it's firstly, it's

512
00:24:47,080 --> 00:24:50,840
Speaker 2: an industry where gender equality is actually true to form,

513
00:24:50,920 --> 00:24:54,720
Speaker 2: like the Women's League probably rivals the men's the way

514
00:24:54,800 --> 00:24:59,760
Speaker 2: that it's run and how the current chairman was a wrestler. Yeah,

515
00:25:00,800 --> 00:25:03,240
Speaker 2: so a lot of their executive team come from wrestling,

516
00:25:03,400 --> 00:25:05,400
Speaker 2: work their way up through the business. So then making

517
00:25:05,480 --> 00:25:06,159
Speaker 2: the right decision.

518
00:25:06,359 --> 00:25:07,720
Speaker 3: Yeah, they got their hands on the tools.

519
00:25:07,800 --> 00:25:11,800
Speaker 2: They got acquired by TKO, which is like the UFC one. Yeah.

520
00:25:12,280 --> 00:25:15,520
Speaker 2: So we invested about ten k into it and we

521
00:25:15,680 --> 00:25:17,040
Speaker 2: got twenty five back.

522
00:25:17,200 --> 00:25:18,320
Speaker 3: The k money coin.

523
00:25:19,040 --> 00:25:22,119
Speaker 2: So that was a really weird work out in our favor.

524
00:25:22,320 --> 00:25:25,000
Speaker 2: We cashed it out in good timing because they were

525
00:25:25,040 --> 00:25:28,760
Speaker 2: the corporate sponsors of the Trump inauguration. Oh and I

526
00:25:28,920 --> 00:25:31,040
Speaker 2: just didn't sit well with us. So we kind of

527
00:25:31,080 --> 00:25:33,520
Speaker 2: just was like, let's quit. We wear ahead. This is

528
00:25:33,600 --> 00:25:35,800
Speaker 2: contributing to the deposit.

529
00:25:35,600 --> 00:25:36,879
Speaker 3: Future wealth of our family.

530
00:25:37,080 --> 00:25:40,000
Speaker 2: Yeah yeah, and so now we just have the shares

531
00:25:40,040 --> 00:25:42,760
Speaker 2: that my husband has from his company.

532
00:25:42,800 --> 00:25:45,520
Speaker 3: I like your thought processes though around like, no, we're

533
00:25:45,560 --> 00:25:47,840
Speaker 3: really big fans. And you clearly looked into it. You're like,

534
00:25:47,840 --> 00:25:49,720
Speaker 3: look who's on the board. Luk, who's running it. I

535
00:25:49,800 --> 00:25:52,280
Speaker 3: was like, Okay, I love talking about these.

536
00:25:52,880 --> 00:25:54,560
Speaker 2: It's a good rabbit hole if you want to get

537
00:25:54,560 --> 00:25:55,080
Speaker 2: into it. Oh.

538
00:25:55,400 --> 00:25:56,800
Speaker 3: I don't know if you know me well enough, but

539
00:25:56,880 --> 00:25:59,520
Speaker 3: I love a rabbit hole. So tell me about your

540
00:25:59,600 --> 00:26:02,200
Speaker 3: other investments, because you said, oh, we don't really, but

541
00:26:02,320 --> 00:26:05,000
Speaker 3: you would have superannuation and you've got a whole business.

542
00:26:05,320 --> 00:26:07,119
Speaker 3: Tell me about your super super.

543
00:26:07,240 --> 00:26:09,600
Speaker 2: I did check the other day. We're at one hundred

544
00:26:09,600 --> 00:26:10,919
Speaker 2: and ten thousand.

545
00:26:10,880 --> 00:26:12,840
Speaker 3: Individually at thirty two.

546
00:26:13,240 --> 00:26:15,160
Speaker 2: Yeah, and I think my husband has about one hundred

547
00:26:15,200 --> 00:26:16,639
Speaker 2: and fifty with his super.

548
00:26:18,200 --> 00:26:21,760
Speaker 3: You are doing well. You were far above the average.

549
00:26:22,000 --> 00:26:24,000
Speaker 3: Have you been contributing more over time?

550
00:26:24,359 --> 00:26:28,200
Speaker 2: I guess it's just from working since day one, since

551
00:26:28,240 --> 00:26:29,000
Speaker 2: you were a child.

552
00:26:29,200 --> 00:26:29,400
Speaker 4: Yeah.

553
00:26:29,600 --> 00:26:33,359
Speaker 2: Yeah, And then just our stable, you know, corporate jobs

554
00:26:33,359 --> 00:26:37,080
Speaker 2: that have been contributing. I think it was a higher

555
00:26:37,640 --> 00:26:42,280
Speaker 2: an average contribution by like one percent of something. But yeah,

556
00:26:42,359 --> 00:26:44,800
Speaker 2: and we also have your insurances coming out of that

557
00:26:45,240 --> 00:26:46,120
Speaker 2: just automatically.

558
00:26:46,400 --> 00:26:48,600
Speaker 3: That's really cool. Well, just for a little bit of

559
00:26:48,680 --> 00:26:51,240
Speaker 3: context for you, the average thirty year old has about

560
00:26:51,320 --> 00:26:56,080
Speaker 3: seventy thousand. Oh wow, So you're doing well and if

561
00:26:56,119 --> 00:26:58,760
Speaker 3: you pay attention to it, it will continue to do well,

562
00:26:58,800 --> 00:27:02,440
Speaker 3: which we love to see. And then your business investment,

563
00:27:02,720 --> 00:27:05,000
Speaker 3: obviously that's going to be a big one. And I

564
00:27:05,119 --> 00:27:07,240
Speaker 3: see a lot of small business owners and they often

565
00:27:07,280 --> 00:27:09,360
Speaker 3: feel really guilty. They're like, oh my gosh, Victoria, I'm

566
00:27:09,400 --> 00:27:12,119
Speaker 3: not investing in shares, like you're always talking about shares's

567
00:27:12,160 --> 00:27:15,520
Speaker 3: and like what you do your biggest investment in life?

568
00:27:15,800 --> 00:27:18,560
Speaker 3: And I would say my best investment in life was

569
00:27:18,640 --> 00:27:21,960
Speaker 3: my business. So I can see why people would feel

570
00:27:22,040 --> 00:27:24,520
Speaker 3: bad because they're absorbing all this content where I'm saying,

571
00:27:24,520 --> 00:27:26,240
Speaker 3: oh my gosh, investing in the share market is a

572
00:27:26,280 --> 00:27:29,119
Speaker 3: really great idea, like maybe you should consider it. And

573
00:27:29,240 --> 00:27:31,840
Speaker 3: on the flip side, for a very long time, I've

574
00:27:31,880 --> 00:27:36,040
Speaker 3: poured most of my money into my business, like reinvesting

575
00:27:36,080 --> 00:27:38,359
Speaker 3: in my business. Reinvesting in the people in my business

576
00:27:38,480 --> 00:27:42,200
Speaker 3: has had the best return for me. So tell me

577
00:27:42,280 --> 00:27:44,040
Speaker 3: a bit more about your business and where you want

578
00:27:44,040 --> 00:27:45,639
Speaker 3: to see it, Like have you got big goals and

579
00:27:45,720 --> 00:27:49,400
Speaker 3: aspirations for it? Obviously it is a very cool concept,

580
00:27:49,520 --> 00:27:51,800
Speaker 3: but like, is it a oh yeah, we just want

581
00:27:51,840 --> 00:27:53,840
Speaker 3: to have our own website and sell it through that forever.

582
00:27:54,080 --> 00:27:56,040
Speaker 3: Or I want to be seen in Target and I

583
00:27:56,119 --> 00:27:57,440
Speaker 3: want to be in Myer and I want to be

584
00:27:57,480 --> 00:27:59,760
Speaker 3: in David Jones, or what's the strategy.

585
00:28:00,119 --> 00:28:03,680
Speaker 2: The strategy is to hopefully expand it into just a

586
00:28:03,840 --> 00:28:09,639
Speaker 2: bigger kind of parenting organizational I guess resource and support system.

587
00:28:09,720 --> 00:28:13,120
Speaker 2: We want to be a village for parents who want

588
00:28:13,160 --> 00:28:15,160
Speaker 2: to get their crap together but just don't know how,

589
00:28:15,359 --> 00:28:19,000
Speaker 2: because it's so overwhelming in those first few months where

590
00:28:19,760 --> 00:28:22,280
Speaker 2: you believe anything that gets told to you by anyone

591
00:28:22,320 --> 00:28:26,360
Speaker 2: that some kind of authority. You don't know what to buy,

592
00:28:26,560 --> 00:28:29,920
Speaker 2: You're testing a lot of things. But our brand is

593
00:28:30,040 --> 00:28:35,440
Speaker 2: really more about simplifying all that so that everything just

594
00:28:35,560 --> 00:28:39,160
Speaker 2: comes more naturally and easily to new mothers and just

595
00:28:39,320 --> 00:28:43,960
Speaker 2: remove the chaos in decision making. I think decision fatigue

596
00:28:44,040 --> 00:28:47,520
Speaker 2: is so overlooked and when you suddenly don't have that

597
00:28:47,640 --> 00:28:49,960
Speaker 2: decision fatigue, you actually don't know how well you're doing

598
00:28:50,640 --> 00:28:53,720
Speaker 2: because you've prevented the chaos before it even started. So

599
00:28:53,760 --> 00:28:59,640
Speaker 2: I'm a big believer in strategy upfront to save future sanity.

600
00:29:00,080 --> 00:29:04,160
Speaker 3: That's a lot, right, Like I didn't realize how all

601
00:29:04,240 --> 00:29:06,640
Speaker 3: consuming it was when I had my first baby, and

602
00:29:06,760 --> 00:29:09,040
Speaker 3: now I've had my second baby. It's like you're an

603
00:29:09,080 --> 00:29:11,240
Speaker 3: autopilot in a way, and I'm like, oh, those are

604
00:29:11,240 --> 00:29:13,440
Speaker 3: the wipes that I need, Like this is the you know,

605
00:29:13,560 --> 00:29:15,320
Speaker 3: the stuff that I like. This is the formula that

606
00:29:15,440 --> 00:29:18,920
Speaker 3: I enjoy. Whereas I remember with Harvey, every single decision

607
00:29:19,520 --> 00:29:21,200
Speaker 3: I was googling. I was like, right, well, what are

608
00:29:21,240 --> 00:29:23,720
Speaker 3: the best baby wipes that can And you go down

609
00:29:23,760 --> 00:29:25,720
Speaker 3: a rabbit hole of being like, oh my gosh, did

610
00:29:25,760 --> 00:29:28,480
Speaker 3: you know that has xyz in it? And this isn't

611
00:29:28,520 --> 00:29:30,960
Speaker 3: just pure water and oh my gosh, the density of

612
00:29:31,040 --> 00:29:35,840
Speaker 3: the wipe like that is exhausting. Yeah, that is just like,

613
00:29:36,040 --> 00:29:38,280
Speaker 3: can another mum just tell me which one is the

614
00:29:38,400 --> 00:29:40,640
Speaker 3: right one to get, please? And it not be a

615
00:29:40,760 --> 00:29:44,000
Speaker 3: sponsored ad of an influencer telling me, oh, these are

616
00:29:44,040 --> 00:29:45,680
Speaker 3: the wipes that I use on my child and then

617
00:29:45,760 --> 00:29:47,880
Speaker 3: next week they're using a different one, like just tell

618
00:29:47,960 --> 00:29:50,600
Speaker 3: me what your favorites are, mum, exactly.

619
00:29:50,800 --> 00:29:52,800
Speaker 2: And the purpose of the brand is to not tell

620
00:29:52,840 --> 00:29:54,800
Speaker 2: you exactly what to buy, but it's to give you

621
00:29:54,880 --> 00:29:58,720
Speaker 2: a framework because you have your own preferences. Your family

622
00:29:58,840 --> 00:30:01,440
Speaker 2: life is so different. You might have a baby and

623
00:30:01,480 --> 00:30:04,160
Speaker 2: a todd bar for three kids. There's only a finite

624
00:30:04,160 --> 00:30:06,520
Speaker 2: amount of kids you can have, so there's only so

625
00:30:06,640 --> 00:30:09,840
Speaker 2: many times you can test and repeat what you know

626
00:30:09,960 --> 00:30:12,480
Speaker 2: and what you don't know. So I guess with the brand,

627
00:30:12,600 --> 00:30:15,800
Speaker 2: it's giving you new mums or parents a framework so

628
00:30:15,920 --> 00:30:18,360
Speaker 2: that they can kind of fill it in and hopefully

629
00:30:18,400 --> 00:30:20,880
Speaker 2: that would just be a lot more easy to do

630
00:30:21,000 --> 00:30:24,320
Speaker 2: those car boot nappy changes or anything mess wise. That

631
00:30:24,400 --> 00:30:29,720
Speaker 2: could then expand bgo into like life organization and big

632
00:30:29,880 --> 00:30:34,160
Speaker 2: parenting organization strategies that can just help you do life easier.

633
00:30:34,360 --> 00:30:36,360
Speaker 3: And tell me about debts that you hold. I know

634
00:30:36,440 --> 00:30:38,600
Speaker 3: that you've purchased a house last year, so that was

635
00:30:38,640 --> 00:30:41,320
Speaker 3: four hundred thousand dollars. What kind of debt are you

636
00:30:41,440 --> 00:30:43,000
Speaker 3: carrying on that property currently?

637
00:30:43,320 --> 00:30:46,960
Speaker 2: Only three hundred thousand than that one? Okay, so we

638
00:30:47,040 --> 00:30:51,400
Speaker 2: put down twenty percent and then we pay a higher

639
00:30:51,560 --> 00:30:53,360
Speaker 2: repayment fee than what we have to just so we

640
00:30:53,440 --> 00:30:56,600
Speaker 2: can yeah, get ahead. So yeah, about three hundred thousand

641
00:30:56,640 --> 00:30:57,280
Speaker 2: owing on that one.

642
00:30:57,480 --> 00:30:59,880
Speaker 3: How good? And what other debts do you have if the.

643
00:31:00,400 --> 00:31:04,080
Speaker 2: Twenty thousand and hextet? So hopefully that should be scrubbed

644
00:31:04,720 --> 00:31:06,920
Speaker 2: within a few years to keep working full time, or

645
00:31:06,960 --> 00:31:09,760
Speaker 2: hopefully I can generate enough income to just wipe it. Yep,

646
00:31:09,880 --> 00:31:12,479
Speaker 2: but that's not really your priority to wipe away at

647
00:31:12,480 --> 00:31:12,800
Speaker 2: the moment.

648
00:31:12,960 --> 00:31:14,040
Speaker 3: Totally understandable.

649
00:31:14,120 --> 00:31:16,040
Speaker 2: I've got a credit card with an eight thousand dollars

650
00:31:16,120 --> 00:31:19,200
Speaker 2: limit that we use for all the expenses and pay

651
00:31:19,240 --> 00:31:22,120
Speaker 2: off every month, and that's about it. Husband has no

652
00:31:22,200 --> 00:31:23,320
Speaker 2: hexte good job.

653
00:31:23,520 --> 00:31:26,080
Speaker 3: So tell me a bit more about the credit card.

654
00:31:26,240 --> 00:31:28,840
Speaker 3: Does that run you into any problems? Do you find

655
00:31:28,960 --> 00:31:31,640
Speaker 3: that you tap a little bit happier because of it?

656
00:31:31,840 --> 00:31:33,160
Speaker 3: Or like, what does that look like?

657
00:31:34,000 --> 00:31:36,640
Speaker 2: No, we've been one of those points. Hold is credit

658
00:31:36,680 --> 00:31:40,640
Speaker 2: card people love. We look after the credit card a lot.

659
00:31:40,760 --> 00:31:44,240
Speaker 2: It's purely a point to get and we scrub it

660
00:31:44,280 --> 00:31:44,880
Speaker 2: off every month.

661
00:31:45,200 --> 00:31:47,520
Speaker 3: Oh I love that. And is that how you've always

662
00:31:47,600 --> 00:31:49,960
Speaker 3: functioned with credit cards? I get the vibe that you're

663
00:31:49,960 --> 00:31:51,720
Speaker 3: pretty financially responsible.

664
00:31:51,880 --> 00:31:53,800
Speaker 2: Yeah, I've had a credit card since I was eighteen,

665
00:31:54,240 --> 00:31:56,640
Speaker 2: just to purely manage my own personal cash flow, because

666
00:31:57,320 --> 00:31:59,560
Speaker 2: sometimes you need a bit of extra help when you're

667
00:31:59,560 --> 00:32:01,640
Speaker 2: like a poor any students, So that was always there

668
00:32:01,680 --> 00:32:05,040
Speaker 2: as an emergency for me, yeah, and making sure that, yeah,

669
00:32:05,080 --> 00:32:07,320
Speaker 2: that was paid off pretty promptly, or just having really

670
00:32:07,400 --> 00:32:09,280
Speaker 2: small limits, like I think that credit card was like

671
00:32:09,440 --> 00:32:10,280
Speaker 2: three thousand dollars.

672
00:32:10,520 --> 00:32:14,240
Speaker 3: Yeah, that sounds logical, but I did the same thing.

673
00:32:14,360 --> 00:32:17,400
Speaker 3: Got my first credit card at eighteen, and my emergency

674
00:32:17,600 --> 00:32:20,080
Speaker 3: was clothed shoes, and I was really good at it,

675
00:32:20,360 --> 00:32:23,240
Speaker 3: like of all people like I could max out a

676
00:32:23,280 --> 00:32:26,200
Speaker 3: credit card pretty quickly. I'm not proud of that, but

677
00:32:27,040 --> 00:32:28,640
Speaker 3: that's why I ask. I'm like, oh, what did that

678
00:32:28,800 --> 00:32:31,440
Speaker 3: journey look like? You've just been a responsible girl the

679
00:32:31,480 --> 00:32:34,760
Speaker 3: whole time. Now talk to me. You obviously have two

680
00:32:34,840 --> 00:32:37,800
Speaker 3: young kids. Do you have personal insurances? Have you set

681
00:32:37,840 --> 00:32:39,600
Speaker 3: them up? What does that look like in your life?

682
00:32:39,960 --> 00:32:43,280
Speaker 2: So we do have personal insurance. I have TPD and

683
00:32:43,400 --> 00:32:48,320
Speaker 2: that gets withdrawn from Super automatically. I have life insurance

684
00:32:48,360 --> 00:32:52,240
Speaker 2: that also is an automatic withdrawal from Super. And I

685
00:32:52,400 --> 00:32:55,719
Speaker 2: did have income protection as well. I don't know if

686
00:32:55,720 --> 00:32:56,760
Speaker 2: I need to update that or not.

687
00:32:57,120 --> 00:32:58,760
Speaker 3: I love to see it, and is that something that

688
00:32:58,880 --> 00:33:01,320
Speaker 3: you've actively gone and sought out or is that something

689
00:33:01,360 --> 00:33:03,520
Speaker 3: that was default in your super or like what did

690
00:33:03,600 --> 00:33:04,360
Speaker 3: that journey look like?

691
00:33:04,440 --> 00:33:07,040
Speaker 2: You know that was a podcast review a few years

692
00:33:07,080 --> 00:33:09,120
Speaker 2: ago as a prompt reminder, and I looked into it

693
00:33:09,200 --> 00:33:10,560
Speaker 2: and I was like, oh, we should probably get this,

694
00:33:10,880 --> 00:33:13,760
Speaker 2: and then we did it with a few clicks. So

695
00:33:13,880 --> 00:33:17,160
Speaker 2: now that's just an automatic thing in our super stop it.

696
00:33:17,920 --> 00:33:20,400
Speaker 3: I love that now to talk to me, I feel

697
00:33:20,400 --> 00:33:22,760
Speaker 3: like you've probably got some pretty good money habits. What

698
00:33:22,840 --> 00:33:24,480
Speaker 3: do you think is your best money habit?

699
00:33:25,840 --> 00:33:30,560
Speaker 2: Probably I only shop when it's an extra thirty percent

700
00:33:30,600 --> 00:33:34,920
Speaker 2: off sale items, and I batch shop so that they're

701
00:33:34,960 --> 00:33:39,440
Speaker 2: all like essential items essentially, or items that will last

702
00:33:39,480 --> 00:33:42,360
Speaker 2: me years to come. So I figured if they're selling

703
00:33:42,400 --> 00:33:44,640
Speaker 2: them for that price, then that's what they were Yeah,

704
00:33:44,680 --> 00:33:46,960
Speaker 2: like just take it extra thirty percent off, Like why

705
00:33:47,080 --> 00:33:49,560
Speaker 2: is it retailing at three hundred and you I can

706
00:33:49,600 --> 00:33:50,600
Speaker 2: get it for way less.

707
00:33:51,000 --> 00:33:53,760
Speaker 3: You know, that's crazy, That is crazy. I'm always so

708
00:33:53,880 --> 00:33:55,880
Speaker 3: suspicious of brands that do that, and I've been a

709
00:33:55,920 --> 00:33:57,840
Speaker 3: little bit I don't know if the word is cheeky,

710
00:33:58,320 --> 00:34:00,400
Speaker 3: but you know, when you kind of just that a

711
00:34:00,480 --> 00:34:03,000
Speaker 3: brand goes on sale. I'm like, well, I'm never going

712
00:34:03,080 --> 00:34:05,160
Speaker 3: to purchase you for full price. I'm sorry you've done

713
00:34:05,200 --> 00:34:08,640
Speaker 3: that to yourself. Like I've never paid full price for bonds,

714
00:34:08,680 --> 00:34:11,360
Speaker 3: and I'm sorry, I just I couldn't. I just know

715
00:34:11,520 --> 00:34:13,600
Speaker 3: that you go forty percent off way too often.

716
00:34:14,160 --> 00:34:17,480
Speaker 2: Yeah, and then sometimes it's taken extra that you've set

717
00:34:17,560 --> 00:34:19,040
Speaker 2: off off the exactly.

718
00:34:19,320 --> 00:34:21,680
Speaker 3: And I don't know about you, but being a young

719
00:34:21,800 --> 00:34:25,280
Speaker 3: mum of two, I go through so many bonds, onesies,

720
00:34:25,480 --> 00:34:29,040
Speaker 3: so many bonds singlets, like they just endless, and I

721
00:34:29,120 --> 00:34:32,400
Speaker 3: swear that they disappear in this house. They're like socks exactly,

722
00:34:32,760 --> 00:34:34,960
Speaker 3: or like they just disappear, yeah.

723
00:34:34,800 --> 00:34:38,759
Speaker 2: Or the amount of like puke or pooh or just

724
00:34:39,120 --> 00:34:42,040
Speaker 2: any mess that gets on them, like and you if

725
00:34:42,040 --> 00:34:44,520
Speaker 2: it doesn't come off in one, wash me out and

726
00:34:44,680 --> 00:34:48,040
Speaker 2: very bad like that, that's probably a bad money. I

727
00:34:48,080 --> 00:34:50,200
Speaker 2: can't be bothered wadering this five times.

728
00:34:50,440 --> 00:34:53,879
Speaker 3: So mine's the flip. Like I will launder everything. I'm

729
00:34:53,920 --> 00:34:57,040
Speaker 3: a psycho at it. But and I've said this to daycare.

730
00:34:57,760 --> 00:35:00,719
Speaker 3: If it is poop and it happened at daycare, you

731
00:35:00,920 --> 00:35:03,000
Speaker 3: just put it in the bin. Just put the singleer

732
00:35:03,080 --> 00:35:04,719
Speaker 3: in the bin. I do not put it in a

733
00:35:04,760 --> 00:35:07,400
Speaker 3: plastic bag for me to open our home and have

734
00:35:07,520 --> 00:35:10,560
Speaker 3: to deal with. Like, there is nothing worse nothing.

735
00:35:10,360 --> 00:35:11,960
Speaker 2: Yeah, the whole bag in the bin.

736
00:35:12,200 --> 00:35:15,960
Speaker 3: Bye bye, Sorry, don't send that home. It's a nice present,

737
00:35:16,200 --> 00:35:18,840
Speaker 3: thank you. Oh And on the flip side, what's your

738
00:35:18,880 --> 00:35:22,280
Speaker 3: worst money habit? Is it throwing away onesies little treats?

739
00:35:22,600 --> 00:35:26,279
Speaker 2: So I am a sucker for like a lot of

740
00:35:26,440 --> 00:35:31,440
Speaker 2: like ten to fifteen dollar purchases from cafes, from little bakeries.

741
00:35:32,480 --> 00:35:35,000
Speaker 2: My reasoning being I like to support small businesses.

742
00:35:36,320 --> 00:35:38,719
Speaker 3: I need a treat, so you deserve a treat too.

743
00:35:38,920 --> 00:35:43,240
Speaker 2: Yeah, Like I rationalize, like if it's a small amount,

744
00:35:43,719 --> 00:35:45,719
Speaker 2: I can get away with it. No. I like that.

745
00:35:45,880 --> 00:35:47,960
Speaker 3: But that's like not a bad money habit. That's a

746
00:35:48,040 --> 00:35:51,000
Speaker 3: youth supporting small business. That's very wholesome.

747
00:35:51,280 --> 00:35:51,800
Speaker 2: Exactly.

748
00:35:52,080 --> 00:35:55,920
Speaker 3: We're actually really good people, you know. Yeah, community are

749
00:35:56,000 --> 00:36:01,399
Speaker 3: range Exactly, you are doing charity work basically. So, now

750
00:36:01,480 --> 00:36:03,399
Speaker 3: that we've had a really good chat and I've loved

751
00:36:03,560 --> 00:36:06,279
Speaker 3: this chat, what do you think it would take for

752
00:36:06,400 --> 00:36:08,279
Speaker 3: you to go from the A that you said you were,

753
00:36:08,320 --> 00:36:10,360
Speaker 3: which I agree, like you sound like an A. But

754
00:36:10,680 --> 00:36:12,200
Speaker 3: what would make you an A plus.

755
00:36:12,719 --> 00:36:15,160
Speaker 2: I don't know what an A plus looks like, Like

756
00:36:15,280 --> 00:36:16,560
Speaker 2: are you an A plus? No?

757
00:36:16,880 --> 00:36:17,719
Speaker 3: No, absolutely not.

758
00:36:18,200 --> 00:36:20,520
Speaker 2: If I had something to visualize what a plus was.

759
00:36:20,719 --> 00:36:21,440
Speaker 3: Am I an a plus?

760
00:36:21,560 --> 00:36:21,600
Speaker 2: No?

761
00:36:21,840 --> 00:36:23,400
Speaker 3: Like I'm gonna do as I say, not as I do,

762
00:36:23,560 --> 00:36:25,839
Speaker 3: kind of girly, like am I always good with money?

763
00:36:25,960 --> 00:36:26,000
Speaker 2: No?

764
00:36:26,120 --> 00:36:27,799
Speaker 3: Do I pretend to always be good with money?

765
00:36:27,880 --> 00:36:27,920
Speaker 1: No?

766
00:36:28,080 --> 00:36:30,320
Speaker 3: But I am fantastic at systems and putting them in

767
00:36:30,400 --> 00:36:33,200
Speaker 3: place to make sure that I can reach the goals

768
00:36:33,280 --> 00:36:35,520
Speaker 3: that I want to. But I'm sorry. I'm a sweet

769
00:36:35,560 --> 00:36:40,280
Speaker 3: treats girlie, like I often purchase things that I shouldn't

770
00:36:40,600 --> 00:36:42,920
Speaker 3: and I often blow the budget, like gift giving is

771
00:36:42,960 --> 00:36:45,560
Speaker 3: my love language. I think an a plus is where

772
00:36:45,560 --> 00:36:48,359
Speaker 3: you're really happy with your own situation. I don't think

773
00:36:48,400 --> 00:36:51,320
Speaker 3: an A plus is a person or an example, because

774
00:36:51,800 --> 00:36:54,040
Speaker 3: you know, I know that I'm not an A plus

775
00:36:54,080 --> 00:36:57,319
Speaker 3: in my heart of hearts, because I could do better,

776
00:36:57,800 --> 00:36:59,600
Speaker 3: Like I could do better, I could have my finger

777
00:36:59,680 --> 00:37:01,840
Speaker 3: on the pot, like there are a few things financially

778
00:37:01,880 --> 00:37:04,200
Speaker 3: at the moment that I'm going you know what, I

779
00:37:04,280 --> 00:37:06,880
Speaker 3: haven't checked my phone plan in a while, like, and

780
00:37:07,000 --> 00:37:09,320
Speaker 3: I really should. Like I think an A plus is

781
00:37:09,400 --> 00:37:11,600
Speaker 3: someone that's like, nah, I'm on top of this. Whether

782
00:37:11,640 --> 00:37:14,520
Speaker 3: they're earning thirty grand or three hundred grand, it doesn't

783
00:37:14,560 --> 00:37:16,920
Speaker 3: actually matter. It's just like, no, I feel really confident

784
00:37:17,000 --> 00:37:19,480
Speaker 3: I'm on top of this. Like my money habits are like,

785
00:37:20,160 --> 00:37:22,920
Speaker 3: you know, top notch. I'm doing absolutely everything in my

786
00:37:23,200 --> 00:37:27,440
Speaker 3: power to be the best that I can be, whereas I'm.

787
00:37:26,920 --> 00:37:30,320
Speaker 2: Not right now. I love the honesty though. Well, in

788
00:37:30,400 --> 00:37:33,080
Speaker 2: that case, I guess my version of A plus would

789
00:37:33,120 --> 00:37:37,680
Speaker 2: be sitting on my balcony at my bush house owning it.

790
00:37:37,960 --> 00:37:40,360
Speaker 3: Yeah, exactly, owning it out right, all right, I own this.

791
00:37:40,480 --> 00:37:43,319
Speaker 2: Land, like I think that would be how I would

792
00:37:43,520 --> 00:37:44,640
Speaker 2: give myself an A plus.

793
00:37:45,360 --> 00:37:47,640
Speaker 3: All right, Well, we're working towards it, and I don't

794
00:37:47,680 --> 00:37:49,680
Speaker 3: think that that's out of reach, like that's going to

795
00:37:49,760 --> 00:37:52,080
Speaker 3: happen at some point. Thank you so much for sharing

796
00:37:52,160 --> 00:37:54,560
Speaker 3: so much with me. Oh, I'm so excited. I just

797
00:37:54,800 --> 00:37:56,680
Speaker 3: I hope that we get to cross paths in person

798
00:37:56,760 --> 00:37:58,919
Speaker 3: at some point, because I just I reckon that would

799
00:37:58,920 --> 00:38:02,040
Speaker 3: be good friends. Well, thank you so much for your

800
00:38:02,080 --> 00:38:04,160
Speaker 3: time and sharing your journey with this She's on the

801
00:38:04,200 --> 00:38:06,360
Speaker 3: money community. I just know they're gonna love getting to

802
00:38:06,440 --> 00:38:08,480
Speaker 3: know you as much as I have. It's been a privilege.

803
00:38:08,560 --> 00:38:10,960
Speaker 2: Thank you, thank you for having me. It is a

804
00:38:11,160 --> 00:38:15,400
Speaker 2: manifestation come true. So submit those emails, girls.

805
00:38:15,480 --> 00:38:18,399
Speaker 3: Yeah, literally just do it and like come hang out.

806
00:38:23,680 --> 00:38:26,200
Speaker 4: The advice shared on She's on the Money is general

807
00:38:26,280 --> 00:38:30,120
Speaker 4: in nature and does not consider your individual circumstances. She's

808
00:38:30,160 --> 00:38:33,600
Speaker 4: on the Money exists purely for educational purposes and should

809
00:38:33,640 --> 00:38:36,800
Speaker 4: not be relied upon to make an investment or financial decision.

810
00:38:37,200 --> 00:38:39,640
Speaker 4: If you do choose to buy a financial product, read

811
00:38:39,680 --> 00:38:42,960
Speaker 4: the PDS TMD and obtain appropriate financial.

812
00:38:42,600 --> 00:38:44,360
Speaker 3: Advice tailored towards your needs.

813
00:38:44,760 --> 00:38:48,680
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

814
00:38:48,760 --> 00:38:52,080
Speaker 4: of Money SHERPA pty Ltd, ABN three.

815
00:38:52,000 --> 00:38:54,479
Speaker 3: Two one IS six four nine two seven seven

816
00:38:54,640 --> 00:39:01,040
Speaker 4: Zero eight AFSL four five one two eight ninet