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

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

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

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

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

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

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

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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

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Speaker 2: Hello, and welcome to She's on the Money, the podcast

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Speaker 2: that it lets you be pervy on other people's money

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Speaker 2: habits for educational purposes of course. Welcome back to another

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Speaker 2: one of our money diaries where I get the absolute

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Speaker 2: pleasure of talking to one of our She's on the

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Speaker 2: Money community members all about their money story and journey.

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Speaker 2: Let's jump straight into it, because this week I got

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Speaker 2: an email and it sounded exactly like this, Dear, She's

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Speaker 2: on the Money. Money has been a journey. We've had

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Speaker 2: some wins, some losses and a whole lot of learning

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Speaker 2: along the way. I've felt multiple streams of income, taken

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Speaker 2: risks on businesses, some that worked, some that didn't, and

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Speaker 2: climbed the ranks. In my career, property has been a

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Speaker 2: big part of our story, buying, selling, renovating, and navigating

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Speaker 2: the unexpected. Now we're at a crossroad, a potential new investment,

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Speaker 2: big decisions ahead, and the usual mix of excitement and uncertainty.

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Speaker 2: It's never a straight path, but here we go again,

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Speaker 2: money diarist, You've left a lot to the imagination. Like,

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Speaker 2: I just have so many questions, but this is so exciting,

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Speaker 2: Like you can't just I have multiple streams of income.

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Speaker 2: I'm like what what income?

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Speaker 4: Like?

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Speaker 2: When? Why? How? Property? You're doing it again? Doing what again?

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Speaker 2: Like I just have a lot of questions. Welcome to

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Speaker 2: the show.

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Speaker 4: Thank you for having me.

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Speaker 2: How fun? All right, let's dive straight in. The first

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Speaker 2: question I ask all of our money diarists is if

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Speaker 2: I could ask you to give yourself a money grade

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Speaker 2: from A three to air for what would that grade be?

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Speaker 4: I think probably I'm going to say it BNUS.

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Speaker 2: Okay, let's learn more about that. Can you now dive

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Speaker 2: in and tell me a bit more about your money story,

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Speaker 2: because I when I read this, I was like, she's

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Speaker 2: got to be kidding. I need so much more information

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Speaker 2: right now.

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Speaker 4: Sure, So, I guess growing up my parents were business owners,

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Speaker 4: either like running businesses or owning businesses, So that's sort

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Speaker 4: of what I've always known growing up. My mom is

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Speaker 4: one of six, and so we have a lot of cousins,

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Speaker 4: and my sister and I are the first two of

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Speaker 4: the cousins to get a church education. So that was

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Speaker 4: something that was I'm not going to say forced upon me,

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Speaker 4: but my mum really stressed the importance of getting an

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Speaker 4: education and being able to earn the best income possible.

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Speaker 4: And I'm so grateful because in my first year of UNI,

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Speaker 4: I really wanted to drop out, and she said, no,

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Speaker 4: I think you really need to give it more than

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Speaker 4: six weeks.

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Speaker 2: That's fair Mom.

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Speaker 4: Yeah, thanks, Mom, always with the advice. So yeah, when

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Speaker 4: I got my degree, started working in it soon after,

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Speaker 4: and then I've been working in it since I was

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Speaker 4: in twenty twelve, so it's been for about thirteen years now.

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Speaker 4: Along the way that my husband in around there, so

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Speaker 4: in twenty fourteen, so I was pretty new to my

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Speaker 4: career when we.

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Speaker 2: Met oh, did you meet through your career?

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Speaker 4: No, no, we Actually I've heard you say this before.

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Speaker 4: He and I met on Tinder.

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Speaker 2: Yep, same same same queen where all the good men

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Speaker 2: used to be.

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Speaker 4: I mean, I used to be so embarous about that.

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Speaker 2: Oh oh my god, it's same. I told my parents

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Speaker 2: when I was finally bringing same time. I was like,

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Speaker 2: we met three friends. I'm friends with the internet, right, and.

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Speaker 4: I know, so like, oh, we were introduced by a

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Speaker 4: friend of a friendly because I don't want to say

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Speaker 4: were met on Tinder, because I.

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Speaker 2: Was like, oh yeah, And you know what, it got

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Speaker 2: to a point where I hadn't told a lot of

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Speaker 2: people and then people stopped asking, right, They're like, oh,

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Speaker 2: Stephen Victoria, no worries. I ended up telling my parents.

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Speaker 2: But then it comes to my wedding and I had

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Speaker 2: told the celebrant that we met on Tinder and she

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Speaker 2: makes the comment in her like introduction of the two

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Speaker 2: of us, and she was like it was the right

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Speaker 2: swipe or something, and I was like, oh, no, you

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Speaker 2: did not, but that was really funny. Anyway, that's all right.

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Speaker 2: I'd been talking about it on the internet for ages.

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Speaker 4: Okay, true, So yeah, he's a tradee and when we met,

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Speaker 4: he was working five layout so he used to do

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Speaker 4: four weeks on one week off, which was that's a lot,

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Speaker 4: so difficult when you're in a new relationship. And when

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Speaker 4: we met, he was looking for a house to buy

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Speaker 4: because he had like all this excess income and needed

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Speaker 4: to do something with it. And I certainly wasn't in

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Speaker 4: the same sport.

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Speaker 2: Yeah you're like, that's unrelatable, but sure, oh.

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Speaker 4: Yeah, I was meanning much much less. But we after

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Speaker 4: about eight months together, we decided we would buy the

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Speaker 4: house together, which is looking back, sounds so crazy, but

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Speaker 4: you know, if you know, you know.

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Speaker 2: Look, I'm the same. We moved in together at like

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Speaker 2: the twelve month mark, and I was like, well, yeah, whatever,

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Speaker 2: it is what it is.

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Speaker 4: So he had obviously significantly more money stage than me,

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Speaker 4: but we decided to buy it together because I was

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Speaker 4: just I'm sure how we were going to navigate. Am

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Speaker 4: I going to live with you? Will I pay you rent?

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Speaker 4: Who pays what? And it just seemed way easier to

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Speaker 4: just put our finances together. And I said to him,

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Speaker 4: you know, our borrowing capacity is going to be much

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Speaker 4: higher if we do it together. So we decided to

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Speaker 4: do it together. Not only that, when we put an

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Speaker 4: offer in the house that we bought, he was away

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Speaker 4: on a four week swing, so he hadn't actually seen

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Speaker 4: the house when we contracted it.

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Speaker 2: Oh my goodness.

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Speaker 4: So the Ultimate trusted me to be like, you know,

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Speaker 4: if you think this is it, then let's do it.

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Speaker 4: So we bought that house. That's so stressful, so stressful

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Speaker 4: for us, both because there's a lot of pressure on me.

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Speaker 2: I did that with a rental property once with my

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Speaker 2: now husband, and the anxiety I felt over a rental property,

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Speaker 2: Like I cannot imagine how stressed you were. You're like, yeah,

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Speaker 2: so I tipped your life savings over here.

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Speaker 4: You're right with this, that's okay.

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Speaker 2: If you don't like it, bad luck.

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Speaker 4: Yeah, it's going to be awkward. But anyway, we settled

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Speaker 4: when we moved in, and we probably lived there for

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Speaker 4: I want to say shore and a half years before

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Speaker 4: we kind of thought this isn't quite right in terms

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Speaker 4: of sometimes you just don't know until you live in

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Speaker 4: a property whether it's right for you or not.

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Speaker 2: Yeah, one hundred percent.

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Speaker 4: And it just wasn't quite right. A great house, good bodes,

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Speaker 4: but just not quite right for what we wanted. So

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Speaker 4: we went overseas on a troop and got engaged.

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Speaker 2: That cute. A tender love story.

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Speaker 4: Oh, the tender love story. When we got back, we

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Speaker 4: found another house just around the corner from our current house,

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Speaker 4: and I just went and looked at it on a

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Speaker 4: whim at an open home and I fell in love

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Speaker 4: and I had to persuade them fiance that it was

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Speaker 4: the right house for us. I finally got hit over

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Speaker 4: the line, but it was significantly more expensive, so we

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Speaker 4: had to do a simultaneous settlement so that we had

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Speaker 4: the funds to pour into the next property. And then

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Speaker 4: we found a tenant for our first property and moved

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Speaker 4: into the second property.

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Speaker 2: How cool.

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Speaker 4: It was really cool, And I was like, well, I

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Speaker 4: can't believe we just found my dream house at like

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Speaker 4: twenty five years old.

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Speaker 2: How good.

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Speaker 4: It was quite a big home, and we intended on

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Speaker 4: filling it with children, and then we sort of ran

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Speaker 4: into some unforeseen fertility issues where that just wasn't really happening,

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Speaker 4: and being in the house sort of reminded me of

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Speaker 4: what wasn't happening.

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Speaker 2: So oh, that's so stressful and so shitty, Like you

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Speaker 2: don't need your home to be that reminder I know, and.

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Speaker 4: It was just like, oh, this is the time that

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Speaker 4: we had played family, but now we might not get one.

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Speaker 4: Also it was like significantly more expensive. And sorry I've

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Speaker 4: missed a step. In a months that the tenants that

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Speaker 4: were living in our first property trashed it.

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Speaker 2: Ah, and you're going through all this stuff and like fertility,

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Speaker 2: we should talk about it more. But like when you're

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Speaker 2: going through this, you wouldn't have been telling people. It

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Speaker 2: would have been like this secret struggle. Like and then

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Speaker 2: someone trashes your property, You're probably like, I'm going to

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Speaker 2: trash you, like that's right.

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Speaker 4: And ultimately I had to go to Qecat, which is

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Speaker 4: the Queensland to get them out of the property because

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Speaker 4: they refused to leave.

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Speaker 1: Jeez, Luise, they stopped paying rent, they trashed the property.

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Speaker 4: So when they finally got out, it was like a

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Speaker 4: big money here. Really, Oh my god.

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Speaker 2: I actually just can't fathom how people do that, Like

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Speaker 2: I just it is unimaginable to me. Like I'm the

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Speaker 2: type of person who goes around my hotel room as

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Speaker 2: I'm leaving and picks up the towels because I'm so

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Speaker 2: worried that they're going to be Like she left the

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Speaker 2: towels on me ground and the idea that you trash

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Speaker 2: someone's house like, absolutely not.

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Speaker 4: I know. So at that time, we're having like quite

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Speaker 4: a few issues, and then I just said to my husband,

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Speaker 4: let's just get rid of this house. If we're not

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Speaker 4: going to have kids, let's go traveling. So we're going

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Speaker 4: to sell our house. We're going to sell our rental

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Speaker 4: or whatever money was left, go on a trip. Enter

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Speaker 4: COVID nineteen. We're not going anywhere.

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Speaker 2: You stuck at home.

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Speaker 4: We're stuck at home in this house that we don't

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Speaker 4: want to be in anymore. So anyway, I was like,

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Speaker 4: let's go ahead, whatever someone this house is perfect for someone,

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Speaker 4: let's sell it. And we ended up selling it. I

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Speaker 4: did the whole show. We didn't get a real estate agent.

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Speaker 4: I did all the open homes, I did the listing.

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Speaker 2: Oh my god, what was that like?

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Speaker 4: It was kind of chaotic. Fuck, even when I do

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Speaker 4: for work, I was okay with it.

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Speaker 2: Yeah, okay, but.

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Speaker 4: Yeah, it saved us a ton on real estate commission,

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Speaker 4: don't you know, Like I don't recommend it's pretty stressful,

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Speaker 4: but it did save us as time and at the

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Speaker 4: time it worked for us.

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Speaker 2: Yeah. Cool.

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Speaker 4: We ended up that house.

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Speaker 2: So I need to backtrack. I need to backtrack. I

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Speaker 2: have to ask, so you decided to do all of this?

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Speaker 2: Did you need any licenses? Or you can just put

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Speaker 2: your house on the market just DIY.

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Speaker 4: You can do that yourself. There's a few companies that do,

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Speaker 4: and it's like, sell my home and they help you

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Speaker 4: with like real estate packages and your paying amounts to

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Speaker 4: them for photos and that type of thing.

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Speaker 2: Yeah, perfect, okay, all right, Yeah, I was like, what

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Speaker 2: about the contracts? What about when you find a buyer?

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Speaker 2: I wouldn't even know how to sell my house with

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Speaker 2: the contracts.

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Speaker 4: Again, because of what I do for work, I was

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Speaker 4: comfortable with that, but I except that not everybody is.

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Speaker 2: Yeah, okay, so proceed with caution.

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Speaker 4: Yes, correct, that's my bus. So we sold that house

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Speaker 4: and we pretty much just sold it for what we

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Speaker 4: brought it for because no one really wanted to spend money.

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Speaker 2: You just wanted to get rid of it as well.

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Speaker 4: Absolutely, and I was just happy to break even and

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Speaker 4: call it a day. We sold our other property for

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Speaker 4: more than we bought it for, so we made a

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Speaker 4: little bit on it. After we cleaned it up and

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Speaker 4: renovated it. We just did like a cosmetic renovation enough

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Speaker 4: to sell it, and we made a little bit of

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Speaker 4: money in it. And then we also came into a

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Speaker 4: little bit of money at that time which we hadn't

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Speaker 4: able to put towards traveling obviously not happening. So then

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Speaker 4: once we sold all these properties, my husband's like, where

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Speaker 4: are we going to go? He's legend a queen's later

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Speaker 4: his whole life, So a big timber home with a

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Speaker 4: beautiful deck, etcetera, ETCeteras his dream. He finds this queen's

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Speaker 4: lander in this dream suburb.

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Speaker 2: That's so good.

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Speaker 4: He's like, well, we've got all this cash and we're

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Speaker 4: not going anywhere. Should we do it? And yeah, we

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Speaker 4: ended up doing it. Luckily we bought and a really

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Speaker 4: black we're so fortunate to afford in the market that

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Speaker 4: we bought in where house prices were significantly lower than

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Speaker 4: they are now. So yeah, we bought for three hundred

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Speaker 4: and seventy five.

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Speaker 2: Thousand, Oh my goodness.

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Speaker 4: Yeah. And then because my husband's a jack of all trades,

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Speaker 4: master of some not all, we were able to do

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Speaker 4: a pretty decent sized reno on the house, a lot

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Speaker 4: of him doing it himself. So that's it does a

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Speaker 4: heap of money. So since the renovation, we had our

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Speaker 4: house valued recently and it was valued at nine hundred

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Speaker 4: and fifty value it sorry, what I know, crazy?

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Speaker 2: Nine fifty from what three eighty five b for real?

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Speaker 4: Three seventy five?

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Speaker 2: I know, three seventy five no illegal?

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Speaker 4: So good. Gave my husband a huge head about how

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Speaker 4: his skills.

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Speaker 2: Oh yeah, well do you know what. Let him keep

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Speaker 2: that because like, next time you want to renovate something,

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Speaker 2: you be like, but you're so good at it. Remember

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Speaker 2: how you did that? Yeah, just you let him keep that.

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Speaker 4: So we have quite a bit of equity in our home.

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Speaker 4: And because we applied some of that money that we

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Speaker 4: made from our first investment property and some of the

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Speaker 4: way that we came into our mortgage was pretty low.

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Speaker 4: So we only owe four hundred thousand on our house

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Speaker 4: and we borrowed some to do the renovation. So yeah,

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Speaker 4: we owe four hundred thousand, it's worth nine fifty.

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Speaker 2: That's so good.

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Speaker 4: And we don't really have any other debts. We did

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Speaker 4: have a small Carlo and that we just paid off.

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Speaker 2: Yeah.

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Speaker 4: Cool.

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Speaker 2: And so now you're thirty four, So it's kind of

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Speaker 2: like a nearly ten year journey of like buying your

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Speaker 2: first property and like going in and around and like,

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Speaker 2: I feel like you're in a great position now. I've

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Speaker 2: just got a few questions and I hope they're not

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Speaker 2: too pervy. You did mention, look, we had some fertility issues.

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Speaker 2: Is that something that you're like, okay, cool, Like we

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Speaker 2: just decided that we're just not having kids, and now

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Speaker 2: you're it's just the two of you and you're trying

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Speaker 2: to work out what life looks like moving forward or

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Speaker 2: what's the go there.

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Speaker 4: No, so we were lucky enough to I found an

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Speaker 4: amazing doctor in my hometown who helped me or helped

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Speaker 4: us through that fertility journey. And we've now got two

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Speaker 4: little boys.

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Speaker 2: Ah, they are good. And do you know what, I think?

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Speaker 2: It's so beautiful hearing stories like that you were so

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Speaker 2: down in the dumps about it that you literally sold

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Speaker 2: your house because you didn't want to be there because

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Speaker 2: it was a reminder of the fact that you weren't

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Speaker 2: having a baby. And then now you have two babies

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Speaker 2: in your now probably even more dream home.

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Speaker 4: Absolutely, and they're like, honestly the best thing I ever did.

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Speaker 4: So I'm so glad that we were able to get that.

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Speaker 2: Oh, oh my God, I'm so excited to hear like

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Speaker 2: that's literally the best. Like ah, I was like, do

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Speaker 2: I ask? Don't I ask? And then I was like,

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Speaker 2: hold on, earlier we're talking about daycare. I know that

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Speaker 2: this woman has kids, so good, all right, I need

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Speaker 2: to now know what do you do for work? How

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Speaker 2: much money are you earning?

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Speaker 4: So I am a lawyer and I earn about one

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Speaker 4: hundred and twenty thousand.

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Speaker 2: Cool, very cool. And when it comes to being a lawyer,

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Speaker 2: are you in property law because you told me that

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Speaker 2: you understood the contracts or is that just a benefit

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Speaker 2: of being a lawyer, like you just get to understand

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Speaker 2: all of it.

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Speaker 4: Well, I mean it's somewhat a benefit. I don't profess

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Speaker 4: to be an expert of property, but I did at

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Speaker 4: the start of my career. I did a lot of

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Speaker 4: conveyancing and.

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Speaker 2: Cool and more so, you're fine.

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Speaker 4: It was subject matter that I felt comfortable with.

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Speaker 2: Oh how good. I don't want to be too pavy.

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Speaker 2: But is your husband on a similar income?

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Speaker 4: Our hands quite a bit more than me. So he's

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Speaker 4: on about one hundred and fifty.

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Speaker 2: Thousand and he's still doing five fox.

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Speaker 4: No, he doesn't do and what he works into town,

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Speaker 4: so I know he'd never worked away from our voice, So.

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Speaker 2: Yeah, how good. I was going to be like his

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Speaker 2: fIF ox really hard steal, Like, what's that look like?

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Speaker 2: That's so nice to have that income and not have

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Speaker 2: to do fifo.

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Speaker 4: Absolutely, and he's pretty high up in his area now.

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Speaker 2: So yeah, you've said obviously fertility was a big part

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Speaker 2: of it, and I'm sure for a while there that

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Speaker 2: was a pretty big money goal, especially because you said

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Speaker 2: you had to find a very probably expensive fertility doctor.

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Speaker 2: You've bought and sold your dream property, You've then bought

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Speaker 2: another beautiful Queenslander, and you're sitting on a very nice

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Speaker 2: amount of equity. What are your big money goals? What

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Speaker 2: are you currently working towards? Because I feel like for

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Speaker 2: a lot of like people listening to this are going

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Speaker 2: to be like, she's achieved all the things that were

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Speaker 2: my money goals.

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Speaker 4: Oh look, the list of goals are endless. But at

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Speaker 4: the moment, there is a house in our street is

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Speaker 4: actually right next door to us, another Queen's Lander. Oh

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Speaker 4: my god, my husband and I I guess really really

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Speaker 4: want to buy it. We used to have really lovely

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Speaker 4: neighbors there. It was brought by an investor and it's

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Speaker 4: just like been pretty like renters in and out, changing

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Speaker 4: over very frequently, and we would love to buy it

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Speaker 4: and neither let's be in control of who's renting it,

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Speaker 4: or do something like an airbnb sort of setup.

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Speaker 2: Oh hey, that would be cool, wouldn't it, Especially being

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Speaker 2: next door you could do all the turnovers yourself.

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Speaker 4: Absolutely.

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Speaker 2: Oh, she's savvy and that would be like an investment

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Speaker 2: property for you guys.

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Speaker 4: Maybe, yes, correct, I'm into the spreadsheet so I've had

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Speaker 4: to look at it all. Yeah.

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Speaker 2: Love, tell me a bit more about this travel goal

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Speaker 2: of yours because it was sidelined because of COVID. But

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Speaker 2: if you were buying and selling during COVID, I'm just

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Speaker 2: doing some maths, and then you had two kids, I

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Speaker 2: don't know when you fit that travel in. Did that

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Speaker 2: ever happen?

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Speaker 1: In?

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Speaker 2: Is it a goal?

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Speaker 4: It's still definitely a goal. Probably the length and destination

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Speaker 4: slightly different with two small children. But we're actually going

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Speaker 4: overseas in August this year and taking both our boys,

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Speaker 4: so we're super excited about that.

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Speaker 2: Oh exciting, where are you going?

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Speaker 4: Where going to Japan?

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Speaker 2: Oh my gosh, how good?

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Speaker 4: We're really excited.

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Speaker 2: And the weather over there at that time of year

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Speaker 2: will be gorgeous.

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Speaker 4: Well, it'll be very similar to where we are in Queensland,

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Speaker 4: so I think we'll be used to. Everyone says it's

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Speaker 4: too hot, but I think will be fine.

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Speaker 2: But you're from Queensland. No, you're fine, You're absolutely fine.

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Speaker 2: I go to Queensland and I think it's too hot,

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Speaker 2: so I have no chance in August in Japan.

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Speaker 4: I mean, you're probably right, but we are used.

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Speaker 2: To it, right, It's like the frog in the boiling

393
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Speaker 2: pot of water, like you just get used to it.

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Speaker 4: You absolutely do.

395
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Speaker 2: I love that. All right, let's go to a really

396
00:17:38,119 --> 00:17:40,119
Speaker 2: quick break and on the flip side, I actually have

397
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Speaker 2: a lot of questions for you, so guys, don't go anywhere,

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Speaker 2: all right, money, dirist. We are back and we are

399
00:17:49,480 --> 00:17:52,760
Speaker 2: talking about your journey mainly in property, which has been

400
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Speaker 2: really cool. You've clearly made some good money. I mean

401
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Speaker 2: it's not cash in your hands, but you're sitting on

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Speaker 2: some really nice equity inside the property that you're currently in.

403
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Speaker 2: And I would say, as much as it's your family home,

404
00:18:04,600 --> 00:18:06,880
Speaker 2: I can see that you're seeing it as an investment.

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Speaker 2: And we've just been talking about you potentially purchasing the

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Speaker 2: house next door to you as an investment, and I'm

407
00:18:13,359 --> 00:18:15,679
Speaker 2: assuming that you're probably going to use some of the

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Speaker 2: equity in the house that you're currently even to get

409
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Speaker 2: into that property. But talk to me about your thoughts

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Speaker 2: on investments, like what investments do you hold, what's the plan,

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Speaker 2: what does the future look like?

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Speaker 4: So I guess other than like acid ranuation and I

413
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Speaker 4: salary sycrifice into my super very sexy and my husband

414
00:18:37,040 --> 00:18:39,560
Speaker 4: does the same, it's just a little amount by every

415
00:18:39,680 --> 00:18:44,920
Speaker 4: dollar counts. We don't have like an investment portfolio per se.

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Speaker 4: So that is something that we've talked about, and we

417
00:18:48,000 --> 00:18:52,040
Speaker 4: have gone back and forward about whether that's in property

418
00:18:52,240 --> 00:18:56,240
Speaker 4: or whether we want to have a share portfolio something similar.

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Speaker 4: My husband's rationale is that if we buy property, we

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Speaker 4: have something down to our kids because they might never

421
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Speaker 4: be able to get into real estate.

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Speaker 2: Very valid.

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Speaker 4: That's sort of why we've been looking at the house

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00:19:08,960 --> 00:19:11,840
Speaker 4: in store and other properties and investment properties and thinking

425
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Speaker 4: about how we could use those to have an income stream.

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00:19:16,040 --> 00:19:19,040
Speaker 4: But I am still interested in just having a small

427
00:19:19,240 --> 00:19:23,040
Speaker 4: share portfolio. So I did, after listening, actually downloaded some

428
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Speaker 4: of the apps that you are good recommend it, and

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Speaker 4: I just had some small amounts in there that are

430
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Speaker 4: just sitting there, not really doing anything. So I started,

431
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Speaker 4: but I would have said that we're.

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Speaker 2: Deep in dipping our toes in the water. I love that.

433
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Speaker 2: What made you want to salary sacrifice more to your superannuation?

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00:19:39,600 --> 00:19:44,399
Speaker 4: Well, my employer pays over and above what they're required to,

435
00:19:44,560 --> 00:19:46,639
Speaker 4: but they will only do that if we meet the

436
00:19:47,240 --> 00:19:50,280
Speaker 4: percentage over and above the standards.

437
00:19:50,440 --> 00:19:52,600
Speaker 2: So you're like, no brainer, free money.

438
00:19:52,880 --> 00:19:55,199
Speaker 4: Yeah, I had a low plus sacrifice three percent and

439
00:19:55,240 --> 00:19:57,080
Speaker 4: they give me an extra three percent.

440
00:19:56,920 --> 00:19:59,280
Speaker 2: So excuse me. I would like to go back to

441
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Speaker 2: full time and play if that's the case. Like, that's

442
00:20:02,000 --> 00:20:02,760
Speaker 2: a good deal.

443
00:20:03,119 --> 00:20:03,520
Speaker 4: So good.

444
00:20:03,760 --> 00:20:06,879
Speaker 2: So is your super looking incredibly healthy at this point?

445
00:20:07,359 --> 00:20:10,280
Speaker 4: I think it's okay. I mean, early days in my career,

446
00:20:10,359 --> 00:20:12,800
Speaker 4: I was not earning all that much, so what I

447
00:20:12,840 --> 00:20:15,960
Speaker 4: was adding to my super was not that great. It's

448
00:20:16,000 --> 00:20:19,200
Speaker 4: definitely improved the further I've gone to my career. But

449
00:20:19,320 --> 00:20:22,520
Speaker 4: also I've been on two stints of maternity leave, so

450
00:20:23,200 --> 00:20:25,280
Speaker 4: there's been times where I haven't been earning. But it's

451
00:20:25,359 --> 00:20:27,679
Speaker 4: currently sitting at about one hundred and thirty thousand.

452
00:20:27,840 --> 00:20:30,800
Speaker 2: Oh, you are doing well. You are fine. That is good,

453
00:20:30,840 --> 00:20:33,199
Speaker 2: But like I think that that's the way for a

454
00:20:33,200 --> 00:20:35,840
Speaker 2: lot of women who have invested a lot of time

455
00:20:36,040 --> 00:20:39,359
Speaker 2: in tertiary study and then you know, probably taking on

456
00:20:39,440 --> 00:20:41,760
Speaker 2: grad jobs and then working your way up, like it

457
00:20:41,800 --> 00:20:44,080
Speaker 2: does take a bit, and then you start earning a

458
00:20:44,080 --> 00:20:46,400
Speaker 2: lot and then I think employeers know that, and that's

459
00:20:46,440 --> 00:20:50,720
Speaker 2: why sometimes obviously really great benefit is having additional super

460
00:20:50,760 --> 00:20:52,400
Speaker 2: but I think a lot of them know like, oh,

461
00:20:52,400 --> 00:20:54,960
Speaker 2: we probably should kick this up a little bit for them,

462
00:20:55,040 --> 00:20:57,719
Speaker 2: because most of them are going to be behind. So

463
00:20:57,840 --> 00:20:59,560
Speaker 2: that is I would like to say, kind of them.

464
00:20:59,600 --> 00:21:03,920
Speaker 2: But it's also a very good employment benefit. So tell

465
00:21:03,920 --> 00:21:06,679
Speaker 2: me a bit more about debt. You mentioned before. You

466
00:21:06,800 --> 00:21:10,720
Speaker 2: currently owe four hundred thousand dollars on your property at

467
00:21:10,720 --> 00:21:13,159
Speaker 2: the moment, and it's worth nine fifty, which is a

468
00:21:13,160 --> 00:21:14,840
Speaker 2: money win. Do you have any other debt?

469
00:21:15,160 --> 00:21:19,080
Speaker 4: We have a credit card that's probably not like I

470
00:21:19,119 --> 00:21:22,159
Speaker 4: just booked accommodation for Japan, so it's probably got like

471
00:21:22,200 --> 00:21:23,000
Speaker 4: eight hundred dollars.

472
00:21:23,400 --> 00:21:26,439
Speaker 2: Yeah. Cool. And how do you feel about debt? Like

473
00:21:26,560 --> 00:21:28,840
Speaker 2: is that something that when you were taking on your

474
00:21:29,119 --> 00:21:31,560
Speaker 2: mortgage was that stressful or you're like, oh no, I

475
00:21:31,600 --> 00:21:33,720
Speaker 2: get it, Like it's fine, Like I'm not worried.

476
00:21:34,080 --> 00:21:37,760
Speaker 4: I don't worry about debt that's attached to property, and

477
00:21:37,800 --> 00:21:40,560
Speaker 4: I think that's just because I'm experienced in property. But

478
00:21:41,160 --> 00:21:45,120
Speaker 4: I feel like credit card and personal loans, I think

479
00:21:45,160 --> 00:21:47,760
Speaker 4: they can aspireal really quickly, so there is an element

480
00:21:47,760 --> 00:21:51,960
Speaker 4: of fear attached to those, I think, and obviously everyone would,

481
00:21:52,000 --> 00:21:53,840
Speaker 4: but I would puppoched to not to have them because

482
00:21:54,200 --> 00:21:57,920
Speaker 4: the benefit, you know, doesn't outlay the risk. Whereas with property,

483
00:21:57,960 --> 00:22:00,760
Speaker 4: I think you've got something solid that you can always

484
00:22:00,920 --> 00:22:04,159
Speaker 4: if you need it to, and hopefully in the right market,

485
00:22:04,240 --> 00:22:07,639
Speaker 4: your asset is at least equal to it.

486
00:22:08,000 --> 00:22:11,119
Speaker 2: Yeah, totally, And I feel like it's wealth generating at

487
00:22:11,160 --> 00:22:13,080
Speaker 2: the end of the day, Like if you get it,

488
00:22:13,080 --> 00:22:14,919
Speaker 2: you're like cool, Like I could sell it for what

489
00:22:14,960 --> 00:22:19,280
Speaker 2: it's worth. But a personal loan does feel terrifying. I mean,

490
00:22:19,320 --> 00:22:22,000
Speaker 2: as someone who was in personal debt, like it is

491
00:22:22,080 --> 00:22:25,639
Speaker 2: terrifying even once you've got it now. I feel like

492
00:22:25,880 --> 00:22:28,000
Speaker 2: to get into property to be able to like flip

493
00:22:28,040 --> 00:22:30,000
Speaker 2: these properties and get to where you are today, you

494
00:22:30,000 --> 00:22:32,359
Speaker 2: would have had to have some good money habits. Can

495
00:22:32,400 --> 00:22:34,639
Speaker 2: you tell me what you think your best money habit is?

496
00:22:34,880 --> 00:22:36,879
Speaker 4: I really thought about this because I was trying to

497
00:22:36,880 --> 00:22:39,080
Speaker 4: figure out what a good money habit is for me,

498
00:22:39,160 --> 00:22:41,760
Speaker 4: and I think it's so simple that it's so effective.

499
00:22:42,320 --> 00:22:44,600
Speaker 4: We have a billing account that's pretty much it.

500
00:22:44,800 --> 00:22:45,800
Speaker 2: So I love this.

501
00:22:46,359 --> 00:22:49,119
Speaker 4: I have a spreadsheet where I've got every bill that

502
00:22:49,160 --> 00:22:51,720
Speaker 4: we have to pay, the frequency in which we have

503
00:22:51,840 --> 00:22:54,040
Speaker 4: to pay it, added it all together, and provided it

504
00:22:54,040 --> 00:22:57,280
Speaker 4: into a weekly payment. So my income or my wage

505
00:22:57,320 --> 00:23:01,359
Speaker 4: goes straight into our billing account, and then I've figured

506
00:23:01,400 --> 00:23:03,280
Speaker 4: out how much we need to top it up from

507
00:23:03,320 --> 00:23:06,080
Speaker 4: my husband's wage, and the money just goes straight into

508
00:23:06,080 --> 00:23:08,440
Speaker 4: our billing account. It means we always know that any

509
00:23:08,560 --> 00:23:10,600
Speaker 4: bill that comes in, there's money there to pay it.

510
00:23:11,200 --> 00:23:14,280
Speaker 4: And it means that whatever's left, even though we probably

511
00:23:14,280 --> 00:23:16,119
Speaker 4: don't want to spend it all, is safe for us

512
00:23:16,160 --> 00:23:17,080
Speaker 4: to spend it. Yeah.

513
00:23:17,160 --> 00:23:20,040
Speaker 2: Yeah, yeah, that feels good. I mean it's not how

514
00:23:20,080 --> 00:23:22,399
Speaker 2: I deal with money, but that feels like a really

515
00:23:22,440 --> 00:23:26,760
Speaker 2: simple system to be like this means that my bills

516
00:23:26,800 --> 00:23:30,719
Speaker 2: are paid and I'm not in a financial pickle absolutely.

517
00:23:30,920 --> 00:23:33,360
Speaker 4: And then at the moment, like we have a savings

518
00:23:33,359 --> 00:23:36,199
Speaker 4: goal w or we're saving for our holidays, so some

519
00:23:36,359 --> 00:23:38,919
Speaker 4: of that money goes into another account, and they're all

520
00:23:38,960 --> 00:23:42,320
Speaker 4: offset accounts whing a mortgage, so while my money's sitting there,

521
00:23:42,359 --> 00:23:44,800
Speaker 4: it's off setting our mortgage. And we put a little

522
00:23:44,800 --> 00:23:47,280
Speaker 4: bit away for our holidays so that when holiday time comes,

523
00:23:47,320 --> 00:23:48,640
Speaker 4: I don't feel like I just.

524
00:23:48,640 --> 00:23:52,480
Speaker 2: Like, yeah, love, I love that so much. Do you

525
00:23:52,520 --> 00:23:56,159
Speaker 2: have bad money habits? If so, what's the worst The spenders.

526
00:23:56,400 --> 00:23:59,800
Speaker 4: Like my husband and I are really bad at saying

527
00:24:00,119 --> 00:24:02,560
Speaker 4: should we like this? And one of us will say no,

528
00:24:02,720 --> 00:24:05,320
Speaker 4: we don't need that, and then the next day be like, Oh,

529
00:24:05,400 --> 00:24:08,000
Speaker 4: let's just get it. Let's just get it, let's just

530
00:24:08,040 --> 00:24:08,399
Speaker 4: get it.

531
00:24:08,920 --> 00:24:09,639
Speaker 2: Let's just do it.

532
00:24:09,720 --> 00:24:13,480
Speaker 4: Why not example flights to Japan? Should we go to Japan?

533
00:24:14,000 --> 00:24:15,960
Speaker 4: And my husband's like, well, you're on the term lead,

534
00:24:16,000 --> 00:24:17,600
Speaker 4: do you think we should? And then the next day

535
00:24:17,600 --> 00:24:19,240
Speaker 4: he said, I fool a that, let's just do it.

536
00:24:21,040 --> 00:24:23,199
Speaker 2: I kind of love that though, Like it's not as

537
00:24:23,240 --> 00:24:27,800
Speaker 2: though you're being super financially irresponsible, like you have a mortgage,

538
00:24:27,840 --> 00:24:29,760
Speaker 2: You've achieved all of these things and kind of set

539
00:24:29,760 --> 00:24:31,560
Speaker 2: yourselves up, so it's not the end of the world.

540
00:24:31,800 --> 00:24:34,600
Speaker 2: Like these decisions that you're making, they are big, but

541
00:24:34,680 --> 00:24:37,080
Speaker 2: like they're not at the cost of your future wealth.

542
00:24:37,600 --> 00:24:38,879
Speaker 2: In the grand scheme of things.

543
00:24:39,119 --> 00:24:42,560
Speaker 4: No, not pouring our wealth down the drain, definitely not.

544
00:24:42,640 --> 00:24:45,600
Speaker 4: But we are just like we could probably say, oh,

545
00:24:45,640 --> 00:24:47,600
Speaker 4: we don't really need that right now, let's just not

546
00:24:47,760 --> 00:24:48,000
Speaker 4: like it.

547
00:24:48,040 --> 00:24:49,200
Speaker 2: I kind of like that though.

548
00:24:49,920 --> 00:24:51,359
Speaker 4: You know, when you want it, you want it.

549
00:24:52,119 --> 00:24:54,000
Speaker 2: See, you'd be fun people to hang out with, I

550
00:24:54,040 --> 00:24:55,720
Speaker 2: feel because I'd be like, oh, what if you guys

551
00:24:55,800 --> 00:24:57,560
Speaker 2: ruen up to and you'd be like, oh, we just

552
00:24:57,600 --> 00:24:59,720
Speaker 2: booked Japan. I'd be like, we caught it last week.

553
00:24:59,800 --> 00:25:00,800
Speaker 2: You said nothing about.

554
00:25:00,640 --> 00:25:03,719
Speaker 4: Japan, right, Well, it's funny it should say that, because

555
00:25:03,800 --> 00:25:06,760
Speaker 4: just before it started raining, my husband and I got

556
00:25:06,920 --> 00:25:09,760
Speaker 4: we've ordered and have a pool five of gus pool

557
00:25:09,880 --> 00:25:12,520
Speaker 4: sitting in our front yard because we're installing a pool,

558
00:25:13,040 --> 00:25:15,679
Speaker 4: and we were like, our sun really loves swimming it.

559
00:25:15,680 --> 00:25:18,000
Speaker 4: We were should we get a pool? He really likes

560
00:25:18,040 --> 00:25:20,399
Speaker 4: to swim. Should we get a pool? Yeah, we're getting it.

561
00:25:20,480 --> 00:25:21,080
Speaker 4: Let's do it.

562
00:25:22,640 --> 00:25:25,679
Speaker 2: So you have impulse brought a pool and flights to

563
00:25:25,880 --> 00:25:28,920
Speaker 2: Japan in the last month. I like this, right, I mean,

564
00:25:29,000 --> 00:25:31,280
Speaker 2: I would love to say it's like unrelatable, but like

565
00:25:31,320 --> 00:25:33,159
Speaker 2: I don't even have anywhere to put a pool, but like,

566
00:25:33,280 --> 00:25:34,919
Speaker 2: don't put it past me because I would do it.

567
00:25:34,960 --> 00:25:37,560
Speaker 2: I want impulse, bought a spa, an inflatable one on

568
00:25:37,600 --> 00:25:38,120
Speaker 2: the internet.

569
00:25:38,240 --> 00:25:39,880
Speaker 4: I will find space.

570
00:25:40,240 --> 00:25:43,159
Speaker 2: Yeah, I like this, like you are my people. That

571
00:25:43,320 --> 00:25:45,120
Speaker 2: just sounds really fun. We do have to keep each

572
00:25:45,119 --> 00:25:48,119
Speaker 2: other in check though, because like our spending, like we

573
00:25:48,160 --> 00:25:50,880
Speaker 2: would enable each other. So I think that we need

574
00:25:50,920 --> 00:25:53,480
Speaker 2: to just be careful because otherwise we both might end up.

575
00:25:53,440 --> 00:25:56,520
Speaker 4: In Japan or somewhere else.

576
00:25:56,680 --> 00:25:59,399
Speaker 2: Not bad, not bad. We've had a chat and at

577
00:25:59,400 --> 00:26:02,440
Speaker 2: the start you said, v I reckon, I'm a B minus.

578
00:26:02,720 --> 00:26:04,440
Speaker 2: Tell me what it would take for you guys to

579
00:26:04,480 --> 00:26:06,639
Speaker 2: get from a B minus to an A.

580
00:26:06,840 --> 00:26:11,160
Speaker 4: I think like starting on some investments, so something that

581
00:26:11,400 --> 00:26:15,159
Speaker 4: is like making us some money while we invest into it,

582
00:26:15,200 --> 00:26:18,360
Speaker 4: which maybe whether that's property or something else, I'm not sure,

583
00:26:18,400 --> 00:26:20,399
Speaker 4: but I think if we had some investments, I'd feel

584
00:26:20,400 --> 00:26:25,240
Speaker 4: more financially secure. And I would really love to have

585
00:26:26,080 --> 00:26:29,040
Speaker 4: like a passive income stream. And I think, hearing you

586
00:26:29,160 --> 00:26:32,520
Speaker 4: read the letter at the start where we talked about

587
00:26:32,800 --> 00:26:36,959
Speaker 4: like businesses and some failures along the way, my husband

588
00:26:37,119 --> 00:26:40,359
Speaker 4: is the eternal like looking for the.

589
00:26:40,240 --> 00:26:42,680
Speaker 2: Next good deal kind of like that that's me. I'm

590
00:26:42,680 --> 00:26:45,280
Speaker 2: always like open to a business idea. Like I swear

591
00:26:45,400 --> 00:26:47,320
Speaker 2: at the team every day. I'm like, so what about this?

592
00:26:47,440 --> 00:26:48,760
Speaker 2: And they're like, sit down, stop it.

593
00:26:48,840 --> 00:26:50,920
Speaker 4: This is me to my husband, No, that's the stupidest

594
00:26:51,000 --> 00:26:53,480
Speaker 4: idea ever. And he comes back again and he really

595
00:26:53,480 --> 00:26:55,280
Speaker 4: thought about it though, because I think it could work.

596
00:26:56,160 --> 00:26:58,280
Speaker 2: I like how committed we are to it though, And

597
00:26:58,320 --> 00:27:00,840
Speaker 2: then the week after when we've decided it's about idea,

598
00:27:00,920 --> 00:27:03,240
Speaker 2: I'm not admitting to you that it's about idea. I'm

599
00:27:03,240 --> 00:27:04,600
Speaker 2: just going to stop talking about it.

600
00:27:04,760 --> 00:27:06,720
Speaker 4: Yeah, I'll come up with the next big thing.

601
00:27:06,880 --> 00:27:08,840
Speaker 2: Yeah, I'm working on it. Stop asking.

602
00:27:09,280 --> 00:27:10,960
Speaker 4: So I think if we had a passive income, that

603
00:27:11,000 --> 00:27:14,080
Speaker 4: would make me feel more secure as well and better

604
00:27:14,119 --> 00:27:16,280
Speaker 4: about our financial habits totally.

605
00:27:16,400 --> 00:27:18,320
Speaker 2: And I don't think that's far away, because you guys

606
00:27:18,320 --> 00:27:21,159
Speaker 2: are talking about like setting up an Airbnb and like

607
00:27:21,400 --> 00:27:24,080
Speaker 2: organizing all of this other stuff that is going to

608
00:27:24,280 --> 00:27:26,800
Speaker 2: ultimately put you in a really good position. Like I

609
00:27:26,840 --> 00:27:30,280
Speaker 2: think this is a very fun money story. Like I

610
00:27:30,359 --> 00:27:32,360
Speaker 2: love that you're like, yeah, like we had some fertility

611
00:27:32,359 --> 00:27:34,080
Speaker 2: issues and we sold the house and I was like, oh,

612
00:27:34,200 --> 00:27:37,120
Speaker 2: that's so hard, and then you have two boys, Like

613
00:27:37,160 --> 00:27:40,320
Speaker 2: that's the best, Like and the journey I don't know.

614
00:27:40,440 --> 00:27:44,280
Speaker 2: The financial journey is such that you can't predict it.

615
00:27:44,359 --> 00:27:46,080
Speaker 2: Like you know, you said that you were twenty five

616
00:27:46,119 --> 00:27:47,560
Speaker 2: when you bought that house and then you were trying

617
00:27:47,560 --> 00:27:49,520
Speaker 2: to make babies and fill the house full of babies.

618
00:27:50,080 --> 00:27:52,119
Speaker 2: You wouldn't have predicted that you would have had to

619
00:27:52,160 --> 00:27:55,199
Speaker 2: throw money into that part of your life at any point. Like,

620
00:27:55,240 --> 00:27:58,280
Speaker 2: it doesn't ever become someone's goal, It just is a

621
00:27:58,280 --> 00:28:01,199
Speaker 2: spanner in the works. Do you think that your fertility

622
00:28:01,280 --> 00:28:05,359
Speaker 2: journey in a way has shaped the financial decisions that

623
00:28:05,400 --> 00:28:05,920
Speaker 2: you've made.

624
00:28:06,200 --> 00:28:09,119
Speaker 4: I think definitely, because I don't think that we would

625
00:28:09,200 --> 00:28:13,400
Speaker 4: have owned any other property after that. But now I've

626
00:28:13,400 --> 00:28:15,680
Speaker 4: got to provide for them. But my focus is them,

627
00:28:15,760 --> 00:28:18,720
Speaker 4: so I'm probably a little less frivolous, a bit more

628
00:28:18,760 --> 00:28:21,280
Speaker 4: safe because I want to give them their best.

629
00:28:21,119 --> 00:28:24,200
Speaker 2: Life possible totally, and I love that. I think that

630
00:28:24,200 --> 00:28:26,840
Speaker 2: that is really really cool, money direst. I wish we

631
00:28:26,880 --> 00:28:28,879
Speaker 2: had more time. This has been so beautiful to have

632
00:28:28,960 --> 00:28:31,480
Speaker 2: this chat with you. I've doort it. I feel like

633
00:28:31,520 --> 00:28:33,439
Speaker 2: we could be best friends on the outside. So I

634
00:28:33,480 --> 00:28:35,119
Speaker 2: hope that at some point you and I can cross

635
00:28:35,160 --> 00:28:38,040
Speaker 2: paths actually in person, as opposed to via video call.

636
00:28:38,520 --> 00:28:40,760
Speaker 2: So till then, Thank you so much for this. I

637
00:28:40,800 --> 00:28:42,800
Speaker 2: know that everybody listening is going to have loved it

638
00:28:42,840 --> 00:28:44,680
Speaker 2: as much as I did. Thank you so much for

639
00:28:44,680 --> 00:28:46,960
Speaker 2: having me so of course, thank you.

640
00:28:53,800 --> 00:28:56,240
Speaker 5: If I shared on Cheese on the Money is general

641
00:28:56,280 --> 00:28:57,440
Speaker 5: in nature and does.

642
00:28:57,320 --> 00:29:01,800
Speaker 2: Not consider your individual circumstances. On the Money exists purely

643
00:29:01,800 --> 00:29:04,760
Speaker 2: for educational purposes and should not be relied upon to

644
00:29:04,800 --> 00:29:08,120
Speaker 2: make an investment or financial decision. If you do choose

645
00:29:08,160 --> 00:29:09,840
Speaker 2: to buy a financial product.

646
00:29:09,520 --> 00:29:13,400
Speaker 5: Read the PDS TMD and obtain appropriate financial advice.

647
00:29:13,080 --> 00:29:14,400
Speaker 2: Tailored towards your needs.

648
00:29:14,800 --> 00:29:18,720
Speaker 5: Victoria Divine and Sheese on the Money are authorized representatives

649
00:29:18,760 --> 00:29:22,480
Speaker 5: of Money. Sheper Pty Ltd a BN three two one

650
00:29:22,680 --> 00:29:26,600
Speaker 5: six four nine two seven seven zero eight AFSL four

651
00:29:26,680 --> 00:29:34,000
Speaker 5: five one two eight nine