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Speaker 1: 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: for millennials who want financial freedom. We're back for another

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Speaker 2: shot back Money Diary Monday, where we have a chat

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Speaker 2: to one of our beautiful community members and learn all

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Speaker 2: about them and their journey and their story. And Victoria,

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Speaker 2: you love to ask all the purby questions.

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Speaker 3: Oh my gosh. Yes, we actually just finished the interview

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Speaker 3: and now we're doing like the tops and tails, which

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Speaker 3: isn't normal for us, but we're doing it now. And

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Speaker 3: I'm telling you this was a good like following her journey.

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Speaker 3: You're gonna love it. I'm obviously very biased, but Jess,

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Speaker 3: do you want to read out this week's Money DearS

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Speaker 3: email for us?

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Speaker 2: Let's do it. So. This week's direth said, I came

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Speaker 2: from a low income, single parent household with emotional and

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Speaker 2: physical abuse. I worked my way up through tape with

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Speaker 2: three sets and two diplomas, and then went to UNI

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Speaker 2: after school.

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Speaker 4: After a shock split.

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Speaker 2: With my partner in twenty twenty, I lost my land

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Speaker 2: and building contract and shortly after bought a unit all

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Speaker 2: on my own are upfront. I never had anything given

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Speaker 2: to me and I want to talk about buying a

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Speaker 2: house in the current market as a single and low

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Speaker 2: income earner. So I'm super excited for this.

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Speaker 3: Oh, my gosh, Money Diarist, as always, you are on

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Speaker 3: the line. Hello and welcome.

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Speaker 4: Hi, thank you for having me Money Diarist.

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Speaker 3: You said just before you weren't happy with your email intro.

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Speaker 3: My gosh, I'm so impressed with you. I don't know

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Speaker 3: what you're talking about.

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Speaker 4: Thank you, Jess.

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Speaker 3: And I obviously I hadn't heard it yet, but Jess

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Speaker 3: was clearly impressed enough to be like, do you want

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Speaker 3: money direst. We're getting on the show and I cannot

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Speaker 3: wait to get into it. So without further adoo, let's

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Speaker 3: just jump straight in. My friend. First question, what is

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Speaker 3: your attitude towards money?

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Speaker 4: I have, Like, I mean, given my background, it was

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Speaker 4: just me and my mom. She was quite a low

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Speaker 4: income earner. She's working as a teacher's aid in school,

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Speaker 4: so she had a mortgage on her own and in

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Speaker 4: the household, it was always very well verbalized that oh,

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Speaker 4: we don't have enough money, so it had like that

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Speaker 4: scarcity mindset really early on. So my attitude's kind of

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Speaker 4: like kept that way and after moving out and stuff.

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Speaker 4: I just had that drive to be like, Okay, well, no,

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Speaker 4: I don't want to struggle and I don't want to

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Speaker 4: feel this stress towards money. I mean I saw it

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Speaker 4: affect my mom, like mental health wise, she really struggled,

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Speaker 4: and you know, even we were on food stamps a

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Speaker 4: lot of the time. And I mean as a kid,

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Speaker 4: like I was quite embarrassed at the supermarket, but I

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Speaker 4: didn't really fully realize the extent of struggle that she

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Speaker 4: had on her and the pressure of that as a

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Speaker 4: single mom. So yeah, i'd say that's that's probably still

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Speaker 4: my attitude towards money a bit. Yeah.

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Speaker 3: I mean, that's your money story, and that's like where

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Speaker 3: you've come from and what's going on in your life.

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Speaker 3: And to be a bit cheeky, I want to ask

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Speaker 3: another question before we get into it, even though I

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Speaker 3: meant to wait till the end, I'm sorry, do you

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Speaker 3: know anything about what your mum's money story was?

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Speaker 4: Like?

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Speaker 3: Is this a cycle? Is this something that you know

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Speaker 3: her parents grew up in the same way, or is

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Speaker 3: this something where you know it's just really tough, Like

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Speaker 3: tell me a little bit about that.

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Speaker 4: Thank you for asking. I actually feel like it's really

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Speaker 4: interesting because it is. I think it's a generational thing.

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Speaker 4: I mean, my grandma came from Hungary. She struggled. She

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Speaker 4: worked like five jobs to support her three kids. I

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Speaker 4: mean they were all like under five when they came over,

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Speaker 4: and so the struggle was there when she was a

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Speaker 4: child as well. And in her household. Yeah, they all

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Speaker 4: had to get jobs when they were like ten just

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Speaker 4: to support everyone. It's really interesting. And I mean my

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Speaker 4: mom bought a house really young as well with her

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Speaker 4: partner or my dad, and it kind of went downhill

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Speaker 4: when she got cancer. So just before I was born,

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Speaker 4: she had breast cancer, and I think that changed her

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Speaker 4: mentality towards money as well. So she went from like

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Speaker 4: doing really well financially and setting herself up to struggling

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Speaker 4: mentally with the whole cancer diagnosis, and it just became

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Speaker 4: this thing where she would actually spend all her money.

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Speaker 4: So she started like buying things to kind of fill

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Speaker 4: that gap, I guess you could say. So, Yeah, when

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Speaker 4: I was sort of growing up, she became like quite

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Speaker 4: like even though she was low income, trying to pay

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Speaker 4: the mortgage, trying to pay food, she also bought a

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Speaker 4: lot of things like material things, so I kind of

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Speaker 4: saw that, and from a young age, I kind of

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Speaker 4: learned like, Okay, well why is this happening? Like if

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Speaker 4: you could pay you know, mortgage and not be worried

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Speaker 4: instead of buying these items that you haven't or you

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Speaker 4: won't touch in years. Yeah, yeah, so it's kind of

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Speaker 4: it's quite interesting.

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Speaker 3: Yeah, that's had that is actually super interesting. And I

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Speaker 3: ask because often it is a cycle and you learn

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Speaker 3: from other people's money stories and it takes very conscious

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Speaker 3: decisions to change your money story, but you have to

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Speaker 3: acknowledge where you've come from and where that might have

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Speaker 3: come from, and why that's the case in global Why

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Speaker 3: do I feel like that about money? Why does it

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Speaker 3: really frustrate me? Or why does it make me feel sick?

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Speaker 3: And it's like, well, that's because that's how you grew up,

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Speaker 3: and that makes sense. And there's no shame in money

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Speaker 3: stories because they're not actually our fault. They're not actually

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Speaker 3: our choosing. No one chooses their initial money story. But

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Speaker 3: the cool thing about money stories is that you get

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Speaker 3: to choose where they go once we're an adult, and

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Speaker 3: once we're able to you know, format that journey. And

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Speaker 3: it sounds like and I'm not jumping ahead. I from us,

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Speaker 3: But it sounds like you've done a really good job

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Speaker 3: of changing that from the sound of what you wrote in.

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Speaker 3: So next question, my friend, is what do you do

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Speaker 3: for work and how much money do you earn?

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Speaker 4: So at the start of this year, I actually took

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Speaker 4: quite a big pay cut. It was over twenty thousand.

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Speaker 3: Oh my god.

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Speaker 4: I believe I was a disability support worker for five years.

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Speaker 4: I injured my back when I was twenty one and

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Speaker 4: was on work cover. So I kind of wanted to

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Speaker 4: get out of that because I just kept it just

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Speaker 4: kept happening, like I just kept reaggravating the injury, and

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Speaker 4: you had to get out. So at the moment, I'm

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Speaker 4: working from home within like an NDIS provider, So the

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Speaker 4: National Disability Insurance scheme mainly more on like the invoicing

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Speaker 4: kind of side of the organization, and I'm really enjoying that.

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Speaker 3: Oh I'm so glad. It sucks that you had to

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Speaker 3: take a pay cut, but you went twenty thousand dollars

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Speaker 3: down from what to what? My friend? Yep, we want

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Speaker 3: the need, No, we want the needy, gritty. This is

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Speaker 3: she's on the money. We're not a Lucive've here, my friend.

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Speaker 4: Yeah, so last year I think I got up to

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Speaker 4: about seventy four k. That was part time as well,

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Speaker 4: but you know, a lot of weekends, a lot of sleepovers,

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Speaker 4: of public holidays, and now I'm on about fifty two.

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Speaker 3: But that is It's one of those things, right. I

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Speaker 3: don't think people realize the time and energy and effort

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Speaker 3: and mental load working and disability puts on you. It's

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Speaker 3: such a special job and anyone who works in that,

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Speaker 3: oh my gosh, you are so special. But it's also like, Okay,

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Speaker 3: I get that the money would have been really good,

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Speaker 3: but I know that would have been quite taxing as well.

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Speaker 3: And often it's something that we do need to care

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Speaker 3: for our mental health personally and our own physical health

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Speaker 3: and put ourselves first. Because you do all this caring

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Speaker 3: for all the other people, you need to remember yourself

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Speaker 3: as well.

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Speaker 4: Yeah, it took me about four years to realize that.

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Speaker 3: Well, I'm glad it was only four. That doesn't mean

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Speaker 3: you can't do that type of work. It's just I

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Speaker 3: think that a lot of people who work in those

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Speaker 3: areas are so selfless and they are so kind that

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Speaker 3: it's always about other people and never about them. So

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Speaker 3: if you work in that industry and you resonate with that,

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Speaker 3: please care for yourself because you can't pull from an

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Speaker 3: empty cup. So next question is money dirist, what is

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Speaker 3: your big money.

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Speaker 4: Goal goal or goals goal?

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Speaker 3: Sorry, what are your big money goals?

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Speaker 4: I've got too many I have. I placed a lot

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Speaker 4: of emphasis on goals, and I'm for meeting them. I

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Speaker 4: guess that's how I've got so far to this point.

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Speaker 4: But at the moment it's mainly just like paying extra

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Speaker 4: off the mortgage and really building up my investment portfolio.

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Speaker 4: I do want financial freedom, and I do want the

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Speaker 4: option to retire early. So mm hmm, that's the big goal.

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Speaker 3: Oh my gosh, the money diarist we spoke to just

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Speaker 3: before you said that she also wanted to retire earlier.

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Speaker 3: Money Dirives, could you tell us what that means though?

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Speaker 3: What does retire early mean to you?

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Speaker 4: For me, it's just I know a lot of people

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Speaker 4: talk about like fu money and stuff like that when

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Speaker 4: it comes to like if you need to leave your

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Speaker 4: job or just having the freedom to be able to

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Speaker 4: do that. Yeah, So for me, it's like not necessarily

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Speaker 4: retiring early, but having the option to or even going

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Speaker 4: to part time and doing more travel or more volunteering things.

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Speaker 3: Like that, and just yeah, so just the freedom. So

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Speaker 3: it's not necessarily a number for you. It's not all right,

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Speaker 3: well I want to retire by fifty, it's I want

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Speaker 3: more financial freedom in my life to make the decisions

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Speaker 3: along the journey. Would that be about right?

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Speaker 4: Yeah? Absolutely.

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Speaker 3: I love that. I love asking people what that actually means,

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Speaker 3: because I think that we have in our head that

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Speaker 3: retirements in age, and in our head retirement is like, oh,

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Speaker 3: it's sixty five, when in reality, retirement's actually a financial situation.

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Speaker 3: It's a situation in which you can make more flexible decisions.

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Speaker 3: And for a lot of people, they just assume that

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Speaker 3: means that you don't work at all, whereas some people like, no, no, no,

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Speaker 3: I just want more flexibility to do the things that

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Speaker 3: I love and the things that I'm passionate about. And

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Speaker 3: I think we really need to reframe what retirement looks

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Speaker 3: like like was too many times we just think it's

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Speaker 3: for people who are a bit older than us, when

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Speaker 3: in reality you can start working towards a level of

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Speaker 3: financial freedom yourself. I don't know, I just think we

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Speaker 3: should reframe that. Next question for you though, is do

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Speaker 3: you currently have any investments? If so, what are they?

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Speaker 4: I do, So, I'd just like to start with SUPER.

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Speaker 4: I do have SUPER, Yeah I should haven't. Luckily, I

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Speaker 4: love that it's going up as well, like the minimum

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Speaker 4: contributions and stuff. So there's about I think that's about

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Speaker 4: forty three thousand at the moment.

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Speaker 3: Oh and how old were you money, diarist, I'm twenty five.

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Speaker 3: That is a very good amount of money in superannuation

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Speaker 3: for your age. Why have you got so much in

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Speaker 3: comparison to the average bear.

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Speaker 4: I don't know, because I actually haven't started contributing extra yet,

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Speaker 4: just because I was saving for my house. So I

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Speaker 4: kind of put that on the background. I was like, oh,

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Speaker 4: I'll do it after I after that's done kind of thing.

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Speaker 3: Doesn't sound like it was on the back burner at all.

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Speaker 3: How old were you when you got your first job?

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Speaker 4: Yeah, that's what I was gonna say. I think it

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Speaker 4: was because I started working early. I mean fourteen and

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Speaker 4: nine months. I was like, yeah, bfc, that's first job.

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Speaker 3: Oh my gosh, those your their days. But when you

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Speaker 3: start working really early, you do start contributing to SUPER

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Speaker 3: if you meet the requirements and the earlier you start contributing,

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Speaker 3: the more time it has to compound. So it kind

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Speaker 3: of makes sense that if you were one of those

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Speaker 3: people that started really early, you would actually be in

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Speaker 3: for a better innings when it comes to SUPER. And

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Speaker 3: obviously this is personal, but my partner Steve, I remember

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Speaker 3: looking at his super and being like, what how did

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Speaker 3: you do this? Like you are so young And it

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Speaker 3: was just because he worked so much from such a

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Speaker 3: young age, and I was like, oh, you really were

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Speaker 3: a hustler from the start. So it's not necessarily about

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Speaker 3: having to make contributions in addition to your SUPER. It's

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Speaker 3: actually sometimes you got the lucky end of the stick

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Speaker 3: and started working early, and you might not have known

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Speaker 3: the prominen so of it then, but you sure do now.

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Speaker 4: Yeah. So I've also got some shares outside of that,

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Speaker 4: so ETFs in an LS, So there's about fourteen thousand,

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Speaker 4: just over fourteen thousand in my accounts at the moment

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Speaker 4: there too. But yeah, like I said before, one of

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Speaker 4: my goals is to really build that up, I mean

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Speaker 4: compound interest. Ye.

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Speaker 3: But yeah, I sound like a broken record sometimes, but

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Speaker 3: I'm not sorry. I'm not sorry at all.

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Speaker 4: Good.

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Speaker 3: Next question money diris do you currently have any debts?

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Speaker 4: So no, I mean, I think it's part of my

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Speaker 4: upbringing and scarcity mindset type. I paid all my UNI upfront.

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Speaker 4: I know that you speak a lot about hex debts

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Speaker 4: and good debts versus bad debts, but I guess my

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Speaker 4: values are more aligned to just not having any because

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Speaker 4: I still feel the stress or would feel the stress

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Speaker 4: if I did have a hex. And yeah, so it's

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Speaker 4: pretty much just the house.

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Speaker 3: So how much of a mortgage have you got on

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Speaker 3: the house.

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Speaker 4: I have a big, big one for my income, so

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Speaker 4: at the moment, I think it's currently three hundred and

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Speaker 4: seventy thousand.

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Speaker 3: That's so exciting though, that you've secured a mortgage like

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Speaker 3: that all on your own and you're killing it. The

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Speaker 3: next question though, is what does that mean for your

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Speaker 3: cash flow? So, if you've got a mortgage, how much

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Speaker 3: you're paying each and every single month.

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Speaker 4: Yes, so I'm like my menor and payments are pretty

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Speaker 4: much what I was paying in rent. So that's really cool.

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Speaker 3: That is very cool.

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Speaker 4: Because I guess it just made it worth it for

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Speaker 4: me in the current market, seems like a big risk

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Speaker 4: to buy in at such a high high prices, but yeah,

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Speaker 4: just kind of weight of all the all the extra

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Speaker 4: fees and stuff. So at the moment i'm putting in

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Speaker 4: about it gets like maybe four hundred to fortnight extra.

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Speaker 3: Oh, epic congratulations. I feel like that is no mean feet,

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Speaker 3: it's a little bit tired.

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Speaker 4: I'm my current budget.

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Speaker 3: Next question, it's not on the list, though, I want

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Speaker 3: to know how much your purchase price was and how

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Speaker 3: much of a deposit you were able to save.

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Speaker 4: Yes, awesome, asking the good questions.

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Speaker 3: I'm trying. I'm literally being so prevy. I'm like, I

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Speaker 3: don't mean to overstep the line, but like, if you've

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Speaker 3: got a mortgage, please tell us. I feel like property

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Speaker 3: at the moment is such a hot topic, and there

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Speaker 3: are so many of us that are feeling really disenchanted

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Speaker 3: with the whole journey because property is performing crazily. But

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Speaker 3: I just want to know because it's so achievable if

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Speaker 3: you put your mind to it. And I know that

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Speaker 3: for so many people they'll have their heads in the

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Speaker 3: sand or they'll say, look, it's just never going to

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Speaker 3: happen to me, or it's not going to be possible.

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Speaker 3: But you've obviously been through a lot, and we'll get

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Speaker 3: into that later. But how much of a deposit did

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Speaker 3: you say? How did you do it? How did you

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Speaker 3: get into your first place?

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Speaker 4: Yep, so I had a fifty thousand dollars deposit. I

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Speaker 4: paid my extra fees on top of that as well,

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Speaker 4: but I did pay all am I because it was

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Speaker 4: only about ten percent, So I I bought it for.

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Speaker 3: A unit in the Peninsula, so yes, I'm from the peninsula, goodbye.

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Speaker 4: So it was four hundred and twenty nine thousand. So yeah,

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Speaker 4: I guess my mortgage came in at like about I

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Speaker 4: think it was three eighty two or something when they

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Speaker 4: all settled and everything. I had put in a lot

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Speaker 4: of money previously in a land that I had bought

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Speaker 4: with my partner, so we were like, in a year

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Speaker 4: and a half we'd paid down like eighty thousand, so

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Speaker 4: there was only fifty thousand left on that way. Yeah,

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Speaker 4: so when we sold, we got really lucky because normally

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Speaker 4: land doesn't really go up that much, and it was

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Speaker 4: regional as well. But we're really lucky to sell, and

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Speaker 4: I like, I just got back what I put in,

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Speaker 4: so it wasn't any extra, but.

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Speaker 3: We're really it was a bit of a break even.

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Speaker 3: So they didn't end up losing anything. That's a nice outcome.

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Speaker 4: Yeah, So that's that's pretty much where my deposit came from.

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Speaker 4: So I mean, even if I didn't hadn't have bought

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Speaker 4: the land, I would have.

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Speaker 3: Been I would have had that in amazing. So yeah,

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Speaker 3: very cool. All right, money dirist before I ask too

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Speaker 3: many more pervic questions. The next question is do you

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Speaker 3: currently use shop Back?

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Speaker 4: No? I don't.

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Speaker 3: Who is she?

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Speaker 4: Because every podcast I listened to pretty much for the

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Speaker 4: last couple of months, every day I'm like, no, I'm

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Speaker 4: going to do it after work, Like I'll just download

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Speaker 4: it on the computer and I'll use it. But I'm

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Speaker 4: not very much of a spender either're online. I really

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Speaker 4: try to withhold as much as I can with that

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Speaker 4: unless I really need something.

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Speaker 3: So I feel like that is a very fine way

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Speaker 3: to live. That's still a good money habit. Speaking of

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Speaker 3: good money habits, what is your best money habit?

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Speaker 4: So I actually have been thinking about this because I've

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Speaker 4: really struggled and I don't know why. It sounds really bad,

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Speaker 4: but I was talking to my best friend last night

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Speaker 4: about this and she helped she a lot. So basically,

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Speaker 4: I think my most money have it is setting achievable

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Speaker 4: goals and following through, Like I'm a real stickler for goals,

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Speaker 4: but making sure that they're attainable. Like obviously, if you

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Speaker 4: set something that you just can't follow through on, like,

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Speaker 4: you're going to feel pretty crappy and you're not going

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Speaker 4: to feel accomplished with that. So in saying that, like,

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Speaker 4: it's also that's kind of carried me through in terms

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Speaker 4: of like not getting into debt and things like that

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Speaker 4: as well. So I think it's really important to have

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Speaker 4: those little goals and make them achievable.

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Speaker 3: I couldn't agree more. But my next follow up question

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Speaker 3: is how do you personally set attainable goals? Like what

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Speaker 3: does that mean to you? What's that process look like?

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Speaker 3: How do we learn from you?

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Speaker 4: It's probably actually really bad advice personally, because I don't

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Speaker 4: that's all.

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Speaker 3: Right, we take all advice in this house.

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Speaker 4: But normally, like if it's to do with money, say,

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Speaker 4: for example, like I got a no Fresco built because

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Speaker 4: that was such a big thing for me, and I

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Speaker 4: had to compromise a lot on stuff where I bought,

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Speaker 4: so I was like, no, I need enough Fresco, So

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Speaker 4: I had Okay, I said, look, this is a goal,

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Speaker 4: I still want to keep adding more to the mortgage.

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Speaker 4: How am I going to make this work? So I

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Speaker 4: looked at my budget and I'm like, okay, well there's

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Speaker 4: not a lot. There's not a lot of wigger room here.

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Speaker 4: But I basically I just broke it down and was like, okay,

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Speaker 4: well what can I afford each week? And how long

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Speaker 4: is this going to take to pay back? Because I

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Speaker 4: did use my savings, but I want to rebuild that

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Speaker 4: because it's really important to me.

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Speaker 2: Yeah.

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Speaker 4: So yeah, I just broke it down and I was like, okay,

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Speaker 4: this is eight months. I'll get it done now and

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Speaker 4: then in eight months i'll have that money back. Or

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Speaker 4: I could have if I didn't have that money in

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Speaker 4: the budget, I would have been like, oh well, I

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Speaker 4: just wait eight months and then I'll get it done.

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Speaker 3: I feel like that is actually a process. Though, my

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Speaker 3: friend you're saying, oh, I don't really have one, but

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Speaker 3: then you're like, oh, yes, so I know. I said

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Speaker 3: I don't have one. But I broke it down and

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Speaker 3: then I worked out how many months I had, and

385
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Speaker 3: I worked backwards like okay, you're a goal setting queens

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Speaker 3: just by default, that's fine, all right? Next question complete

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Speaker 3: pivot what is your worst money habit?

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Speaker 4: So I guess it's like the opposite to my best

389
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Speaker 4: in a way, Like I am very very harsh on

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Speaker 4: myself if things have to change, and I'm not very

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Speaker 4: lenient when it comes to my goals. So if life

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Speaker 4: circum sets are change, for example, like my income getting smaller,

393
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Speaker 4: I was just in my head saying, no, nothing's going

394
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Speaker 4: to be able to give, Like my goals are too strong.

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Speaker 4: I couldn't decide, you know, okay, well, what is actually

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Speaker 4: the thing that's going to have to take precedence here.

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Speaker 4: I think that we also don't really talk about that enough.

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Speaker 4: Is that being so strong in your financial goals as

399
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Speaker 4: well can also lead to stress, and it can also

400
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Speaker 4: feel like a burden as well. So I'm really trying

401
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Speaker 4: to work on that inner stuff with being okay with

402
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Speaker 4: where I'm at and not being so harsh and critical

403
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Speaker 4: of where I want to go.

404
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Speaker 3: I think that that is a really good goal, and

405
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Speaker 3: it's something that so many of us struggle with. I

406
00:20:04,000 --> 00:20:06,760
Speaker 3: actually saw something online, so I can't take credit for this,

407
00:20:07,200 --> 00:20:09,920
Speaker 3: but someone online, and I think it was like one

408
00:20:09,920 --> 00:20:13,560
Speaker 3: of those text inspirational posts. I think I reposted it,

409
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Speaker 3: but sometimes these things really resonate with me and I'm like,

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Speaker 3: oh my gosh. But it essentially said, if someone was

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Speaker 3: as critical of me as I am of me, I

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Speaker 3: wouldn't want to spend an hour with that person. But

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Speaker 3: I have to spend twenty four hours a day with myself,

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Speaker 3: so I probably should learn to be a little bit

415
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Speaker 3: less critical. And that's true, like if you were, if

416
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Speaker 3: you were super critical of me for even an hour,

417
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Speaker 3: I wouldn't want to have anything to do with you.

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Speaker 3: Why are we so critical of ourselves? Like we have

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Speaker 3: to live with ourselves, So I think that it's really

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Speaker 3: important to realize that, but then also really work on that,

421
00:20:50,119 --> 00:20:53,120
Speaker 3: because when you're self critical, it's not impacting anybody else

422
00:20:53,160 --> 00:20:57,200
Speaker 3: but you. Negatively, it serves absolutely no purpose, absolutely no benefit.

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Speaker 3: And being kind to yourself it's exactly the same. It

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Speaker 3: doesn't impact anybody else but you, but in the best

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00:21:03,680 --> 00:21:06,080
Speaker 3: of ways, it is so positive and that will then

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00:21:06,160 --> 00:21:09,959
Speaker 3: radiate out of you, and I love that, so hopefully

427
00:21:10,040 --> 00:21:12,160
Speaker 3: that's a nice way to wrap a worst money habit.

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Speaker 3: Last question before we go to a quick break though

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Speaker 3: money diarist. If we forced you to give your money

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Speaker 3: habits a grade, what would you grade them.

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Speaker 4: I hate to be the stereo ti for a response,

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Speaker 4: but I would probably say an A due to.

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Speaker 3: Time that is not stereotypical. I love when people back themselves.

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Speaker 4: Yeah, my takeaway habits have been just off the rails,

435
00:21:36,119 --> 00:21:38,959
Speaker 4: and especially with the lockdowns, I'm like, I can't do anything,

436
00:21:39,000 --> 00:21:42,200
Speaker 4: so I'll just order in cooking either.

437
00:21:43,680 --> 00:21:47,400
Speaker 3: That's a fair We're living within our values.

438
00:21:49,960 --> 00:21:53,040
Speaker 4: And also, yeah, just my income, like raising my income

439
00:21:53,080 --> 00:21:56,200
Speaker 4: as well, I think would really change that as well.

440
00:21:56,320 --> 00:21:59,200
Speaker 3: I agree, but I think you're doing epically as you are.

441
00:21:59,359 --> 00:22:01,439
Speaker 3: So we'll head to quick break and right after that,

442
00:22:01,600 --> 00:22:04,840
Speaker 3: I want to deep dive more into money stories. All right,

443
00:22:04,920 --> 00:22:08,199
Speaker 3: we are back and money diarist. I want to know

444
00:22:08,400 --> 00:22:11,520
Speaker 3: a little bit more about your background and your money

445
00:22:11,560 --> 00:22:14,159
Speaker 3: story and how you've really been working on that and

446
00:22:14,160 --> 00:22:18,040
Speaker 3: how that's impacted you as an adult. You've obviously completely

447
00:22:18,160 --> 00:22:21,800
Speaker 3: changed your personal situation. You've gone from living paycheck to

448
00:22:21,840 --> 00:22:24,919
Speaker 3: paycheck and having food stamps and you know, growing up

449
00:22:24,960 --> 00:22:28,439
Speaker 3: in a world where money was really frugal. Does that

450
00:22:28,560 --> 00:22:31,000
Speaker 3: still impact you day to day and if so, how

451
00:22:31,040 --> 00:22:32,679
Speaker 3: and how do you overcome that?

452
00:22:33,440 --> 00:22:35,720
Speaker 4: Yeah? So, I mean it was a big factor and

453
00:22:35,800 --> 00:22:39,240
Speaker 4: why I wanted to buy a house. I mean, it's

454
00:22:39,359 --> 00:22:41,880
Speaker 4: just that you know you've got a roof over your head.

455
00:22:41,960 --> 00:22:44,680
Speaker 4: You know you've got that security. I mean, it's one

456
00:22:44,720 --> 00:22:50,840
Speaker 4: of the biggest needs for a human really, So I've

457
00:22:50,840 --> 00:22:53,240
Speaker 4: really carried that through. But I feel like it's been

458
00:22:53,280 --> 00:22:55,240
Speaker 4: in a really positive way as well. And I have

459
00:22:55,400 --> 00:22:58,040
Speaker 4: my mom to thank for that in the sense of

460
00:22:58,359 --> 00:23:03,199
Speaker 4: it's driven me and it's it's helped me create my

461
00:23:03,320 --> 00:23:06,640
Speaker 4: goals and work towards those things because I don't want

462
00:23:06,680 --> 00:23:08,840
Speaker 4: to have that struggle and I don't want others to

463
00:23:08,880 --> 00:23:13,040
Speaker 4: have that struggle either. But yeah, it's also cutting slack

464
00:23:13,119 --> 00:23:15,800
Speaker 4: as well, when you're too driven and you're like, okay,

465
00:23:15,840 --> 00:23:17,720
Speaker 4: well you can actually take a bit of a break now,

466
00:23:17,760 --> 00:23:21,280
Speaker 4: like you're okay, you're not compromised or anything.

467
00:23:22,080 --> 00:23:24,280
Speaker 3: Do you find that you put a lot of pressure

468
00:23:24,320 --> 00:23:27,240
Speaker 3: on yourself because you have worked so hard to change it.

469
00:23:27,320 --> 00:23:29,800
Speaker 3: So when you have an inkling of you know, maybe

470
00:23:29,920 --> 00:23:32,280
Speaker 3: a not so good habit creeping in, you're maybe a

471
00:23:32,280 --> 00:23:35,800
Speaker 3: little bit extra harsh on yourself. Then everybody else might be.

472
00:23:36,080 --> 00:23:37,919
Speaker 4: Yeah, well, I think we hear it all the time,

473
00:23:38,080 --> 00:23:41,840
Speaker 4: like life events happen, and if even just a little

474
00:23:41,840 --> 00:23:47,160
Speaker 4: thing in someone's life can completely change their situation financially.

475
00:23:47,720 --> 00:23:51,160
Speaker 3: Yeah. Absolutely, And how's your mum doing now? I want

476
00:23:51,200 --> 00:23:53,600
Speaker 3: to know how that's going. Like you said that her

477
00:23:53,600 --> 00:23:55,800
Speaker 3: money story wasn't great. What's she up to?

478
00:23:56,280 --> 00:24:00,560
Speaker 4: She's still a massive hoarder, like kind of drutings like

479
00:24:00,600 --> 00:24:02,800
Speaker 4: I don't know if you've been extreme hoarders, but like

480
00:24:03,240 --> 00:24:06,919
Speaker 4: that's where we're at. But somehow this woman is a

481
00:24:06,960 --> 00:24:11,159
Speaker 4: legend and she has a really high income at the moment,

482
00:24:11,560 --> 00:24:14,439
Speaker 4: so she's paying down her mortgage. I'm trying to convince

483
00:24:14,480 --> 00:24:17,639
Speaker 4: her to get it done before retirement because she's getting

484
00:24:17,680 --> 00:24:20,560
Speaker 4: to that age. Yes, and she hasn't thought about it

485
00:24:20,640 --> 00:24:24,640
Speaker 4: because there's everyone, Oh, you know, that's forever away, that's

486
00:24:24,680 --> 00:24:28,040
Speaker 4: ages away, and then it comes up and it's right there.

487
00:24:28,160 --> 00:24:31,359
Speaker 4: So yeah, she's doing a lot better.

488
00:24:31,800 --> 00:24:34,520
Speaker 3: I'm actually really interested in something you just said. And

489
00:24:34,560 --> 00:24:37,880
Speaker 3: you said she's actually a hoarder, and that is something

490
00:24:38,080 --> 00:24:41,520
Speaker 3: that is so common when you have grown up in poverty,

491
00:24:41,600 --> 00:24:46,120
Speaker 3: because people who don't have the privilege of money don't

492
00:24:46,200 --> 00:24:48,960
Speaker 3: actually have the privilege of being able to throw things away,

493
00:24:49,320 --> 00:24:52,679
Speaker 3: and often that then manifests itself. Once you do have

494
00:24:52,720 --> 00:24:55,159
Speaker 3: a higher income and you do have financial security in

495
00:24:55,840 --> 00:24:58,080
Speaker 3: having that feeling of wanting to hold on and not

496
00:24:58,119 --> 00:24:59,959
Speaker 3: wanting to let go of things because maybe one day

497
00:25:00,000 --> 00:25:02,120
Speaker 3: I need them, or maybe one day someone else will

498
00:25:02,160 --> 00:25:03,800
Speaker 3: need them, or I'm trying to care for these things,

499
00:25:03,880 --> 00:25:06,200
Speaker 3: or I've worked so hard for these things. Do you

500
00:25:06,240 --> 00:25:08,520
Speaker 3: think that creaks into your money story at all? In

501
00:25:08,560 --> 00:25:09,240
Speaker 3: any which way?

502
00:25:09,400 --> 00:25:09,960
Speaker 4: Of course?

503
00:25:11,040 --> 00:25:12,720
Speaker 3: How does that manifest for you?

504
00:25:14,200 --> 00:25:18,080
Speaker 4: I just I am a little bit the opposite. I

505
00:25:19,119 --> 00:25:21,800
Speaker 4: don't like clutter. I don't like things in the house

506
00:25:22,359 --> 00:25:25,760
Speaker 4: unless it's super sentimental to me, which a lot of

507
00:25:25,800 --> 00:25:30,280
Speaker 4: things aren't. I have a little small keepsake things that do.

508
00:25:31,480 --> 00:25:34,280
Speaker 4: But yeah, I just don't like stuff, and it stresses

509
00:25:34,320 --> 00:25:37,080
Speaker 4: me out more having too much stuff. So I guess

510
00:25:37,080 --> 00:25:40,280
Speaker 4: that also helps in terms of financial goals because I'm

511
00:25:40,359 --> 00:25:43,800
Speaker 4: not buying materialistic things all the time and things that

512
00:25:43,840 --> 00:25:47,240
Speaker 4: I don't need. I mean, even my friends, like I've

513
00:25:47,240 --> 00:25:49,240
Speaker 4: bought a phone three years ago for like two hundred

514
00:25:49,280 --> 00:25:51,119
Speaker 4: dollars and everyone was like, why do you get a

515
00:25:51,160 --> 00:25:53,720
Speaker 4: new phone now? Because it doesn't work properly and I

516
00:25:53,880 --> 00:25:57,040
Speaker 4: dropped it has like it's one of those generic cracked

517
00:25:57,080 --> 00:26:01,000
Speaker 4: everywhere screens, and like it's fine, it still works, Like

518
00:26:01,040 --> 00:26:02,840
Speaker 4: I don't need to buy a new one. It's just

519
00:26:02,880 --> 00:26:08,120
Speaker 4: the same thing. It works fine. Thanks though, So it's yeah,

520
00:26:08,280 --> 00:26:09,960
Speaker 4: and I'm trying to work around that a bit more

521
00:26:10,080 --> 00:26:12,800
Speaker 4: like the more comfortable I get financially as well, I

522
00:26:12,800 --> 00:26:14,640
Speaker 4: think the more I can kind of relax a little

523
00:26:14,640 --> 00:26:17,320
Speaker 4: bit and I can get things that I want and

524
00:26:17,320 --> 00:26:19,680
Speaker 4: not have to worry as much. But yeah, i'd say

525
00:26:19,680 --> 00:26:22,959
Speaker 4: that it definitely had an impact on me in that sense.

526
00:26:23,720 --> 00:26:27,120
Speaker 3: Yeah, No, that absolutely makes sense. So when we talk

527
00:26:27,200 --> 00:26:29,840
Speaker 3: about money stories and how that works, and you know,

528
00:26:30,119 --> 00:26:32,480
Speaker 3: before you mentioned that you sold some land with I'm

529
00:26:32,520 --> 00:26:36,720
Speaker 3: assuming an ex partner, how did that happen and how

530
00:26:36,720 --> 00:26:39,400
Speaker 3: did you protect yourself through that? So obviously you never

531
00:26:39,400 --> 00:26:41,240
Speaker 3: buy land with someone if you don't think it's going

532
00:26:41,320 --> 00:26:44,679
Speaker 3: to be lasting, and then it obviously didn't. What was

533
00:26:44,760 --> 00:26:47,800
Speaker 3: the situation there and how did you deal financially through that?

534
00:26:48,240 --> 00:26:51,119
Speaker 4: Yeah, so, I mean it's quite scary. I was with

535
00:26:51,240 --> 00:26:54,560
Speaker 4: my ex for nearly five years, so we we were

536
00:26:54,600 --> 00:26:57,320
Speaker 4: together four years when we bought the land. We thought

537
00:26:57,320 --> 00:27:01,920
Speaker 4: it was long term. Obviously the time, as everyone, I

538
00:27:01,960 --> 00:27:06,000
Speaker 4: didn't get like any sort of like agreements done up

539
00:27:06,080 --> 00:27:11,040
Speaker 4: or anything, because we went into the contract fifty to fifty.

540
00:27:11,119 --> 00:27:14,919
Speaker 4: It's actually quite a compromise when I talk about it,

541
00:27:14,960 --> 00:27:18,000
Speaker 4: I guess because I had more of a deposit at

542
00:27:18,000 --> 00:27:20,760
Speaker 4: the time, so he ended up adding extra to the

543
00:27:20,800 --> 00:27:23,520
Speaker 4: mortgage over the year and a half. So it ended

544
00:27:23,600 --> 00:27:27,040
Speaker 4: up working out that we were equal, which I wouldn't

545
00:27:27,080 --> 00:27:29,600
Speaker 4: recommend because it is quite a risk because if the

546
00:27:29,600 --> 00:27:33,639
Speaker 4: contract says fifty to fifty and something goes bad, you

547
00:27:33,720 --> 00:27:35,440
Speaker 4: do have the risk of not getting all of your

548
00:27:35,440 --> 00:27:38,280
Speaker 4: money back, so to speak. But that's what I did,

549
00:27:38,320 --> 00:27:40,040
Speaker 4: and I mean at the time it worked for me.

550
00:27:40,119 --> 00:27:42,560
Speaker 4: I got lucky with that. It wasn't a huge summer

551
00:27:42,640 --> 00:27:45,040
Speaker 4: money either, so I guess I kind of weighed up

552
00:27:45,040 --> 00:27:48,280
Speaker 4: the risk in that sense. So yeah, we ended up

553
00:27:48,359 --> 00:27:53,560
Speaker 4: signing contracts to build like I did everything, Like we

554
00:27:53,640 --> 00:27:58,440
Speaker 4: picked out everything, like cupboards, like it was all done, signed, locked.

555
00:27:58,560 --> 00:28:03,360
Speaker 4: How stressful. Yeah, So this was in October last year,

556
00:28:03,440 --> 00:28:08,719
Speaker 4: so October twenty twenty, and about two weeks later, it's like,

557
00:28:08,800 --> 00:28:11,600
Speaker 4: I can't do this. There was this childhood trauma that

558
00:28:11,640 --> 00:28:15,399
Speaker 4: came up and it just completely like ruined him, like

559
00:28:15,600 --> 00:28:18,679
Speaker 4: couldn't cope, Like it was really extreme and it was

560
00:28:18,920 --> 00:28:22,160
Speaker 4: horrible what came up for him, and he just wanted

561
00:28:22,160 --> 00:28:24,080
Speaker 4: to be back with family. So his family was into

562
00:28:24,119 --> 00:28:27,159
Speaker 4: state and with all the lockdowns and everything, he hadn't

563
00:28:27,160 --> 00:28:29,399
Speaker 4: seen them in so long, and his mum got really sick.

564
00:28:31,000 --> 00:28:32,560
Speaker 4: So I think like that all that affected him and

565
00:28:32,560 --> 00:28:34,760
Speaker 4: it was just like, no, I can't do this, so

566
00:28:34,800 --> 00:28:36,439
Speaker 4: we've got to get out of it. And I was like, okay,

567
00:28:36,600 --> 00:28:38,520
Speaker 4: game planning mode, how are we going to get out

568
00:28:38,520 --> 00:28:40,040
Speaker 4: of this safely? Like are we going to get our

569
00:28:40,080 --> 00:28:42,560
Speaker 4: money back? Because we paid the deposit for the build

570
00:28:42,600 --> 00:28:47,600
Speaker 4: and everything like it was super locked in. Oh my gosh.

571
00:28:47,640 --> 00:28:52,320
Speaker 4: So yeah, Luckily it was the right time to sell land,

572
00:28:52,640 --> 00:28:56,600
Speaker 4: which just went nuts in the area well every area really,

573
00:28:58,120 --> 00:29:01,440
Speaker 4: So yeah, like I said before, we broke even kind

574
00:29:01,480 --> 00:29:03,480
Speaker 4: of with all our costs that we put into it

575
00:29:04,080 --> 00:29:08,280
Speaker 4: split amicably. I was lucky that, Yeah, he didn't. He

576
00:29:08,400 --> 00:29:11,760
Speaker 4: was super chill about it because he knew, like we

577
00:29:11,880 --> 00:29:13,760
Speaker 4: had got up to that point, like I was asking,

578
00:29:13,840 --> 00:29:15,600
Speaker 4: be you sure, are you sure? Like are you ready?

579
00:29:15,720 --> 00:29:18,120
Speaker 4: Like is this okay? And it was like yep, yep, yep,

580
00:29:18,160 --> 00:29:22,880
Speaker 4: and then nut. When I saw the land, I was

581
00:29:22,880 --> 00:29:25,320
Speaker 4: in a rush and I got in organizational mode and

582
00:29:25,360 --> 00:29:27,040
Speaker 4: I was just like, okay, let's get through this the

583
00:29:27,080 --> 00:29:29,240
Speaker 4: best we can, yeah, and just sort it out the

584
00:29:29,240 --> 00:29:32,560
Speaker 4: best way possible. At the time, I actually wish that

585
00:29:32,720 --> 00:29:36,560
Speaker 4: I had to have engaged with my broker because I

586
00:29:36,600 --> 00:29:39,040
Speaker 4: didn't think i'd have the borrowing power to buy him.

587
00:29:38,920 --> 00:29:43,800
Speaker 3: Out right, You just assumed instead of having the conversation.

588
00:29:44,520 --> 00:29:46,680
Speaker 4: Yep, And I was just like nut, get rid of it, Like,

589
00:29:47,440 --> 00:29:48,959
Speaker 4: don't want to deal with that kind of thing. It's

590
00:29:49,000 --> 00:29:52,640
Speaker 4: too stressful at the moment. But in hindsight now I

591
00:29:52,680 --> 00:29:54,880
Speaker 4: thought it would have been a better idea if I

592
00:29:54,960 --> 00:29:57,560
Speaker 4: just had have checked out with my broker and been like, look,

593
00:29:57,600 --> 00:30:00,160
Speaker 4: what's my borrowing capacity. Because I didn't actually know my

594
00:30:00,240 --> 00:30:03,360
Speaker 4: own what it would be. I just assumed it would

595
00:30:03,400 --> 00:30:04,320
Speaker 4: just not be enough.

596
00:30:04,520 --> 00:30:06,560
Speaker 3: And do you think that you would have been able

597
00:30:06,560 --> 00:30:08,760
Speaker 3: to buy amount if you'd had that conversation.

598
00:30:09,120 --> 00:30:14,280
Speaker 4: Yeah, so underfoughtunately with all the regional and first home

599
00:30:14,320 --> 00:30:17,720
Speaker 4: owner like grants and everything, I would have come out

600
00:30:17,840 --> 00:30:20,160
Speaker 4: very very nicely with a brand new house on a

601
00:30:20,160 --> 00:30:20,840
Speaker 4: big property.

602
00:30:21,440 --> 00:30:23,080
Speaker 3: Oh no, if I had it.

603
00:30:23,480 --> 00:30:27,520
Speaker 4: But that's the joys of hindsight. I didn't get any

604
00:30:27,560 --> 00:30:31,400
Speaker 4: grants with the unit that I bought. I wasn't able to,

605
00:30:31,680 --> 00:30:35,120
Speaker 4: so I think, yeah, it's just kind of having a

606
00:30:35,200 --> 00:30:37,960
Speaker 4: think about it and just engaging the banks or the

607
00:30:38,040 --> 00:30:39,840
Speaker 4: broker and just seeing where you're.

608
00:30:39,680 --> 00:30:43,080
Speaker 3: At and just having that conversation. And I know that

609
00:30:43,200 --> 00:30:45,440
Speaker 3: so many people are like no, like I know it's

610
00:30:45,480 --> 00:30:48,680
Speaker 3: not possible, but it might be. So have the conversation,

611
00:30:48,840 --> 00:30:51,000
Speaker 3: and I promise you your broker is going to be

612
00:30:51,040 --> 00:30:53,520
Speaker 3: able to talk to you about that situation and talk

613
00:30:53,560 --> 00:30:56,440
Speaker 3: to you about what is possible. I just, oh, I

614
00:30:56,480 --> 00:30:58,280
Speaker 3: wish you had. But at the same time, I'm a

615
00:30:58,320 --> 00:31:01,400
Speaker 3: genuine believer that everything works out for the best, and

616
00:31:01,480 --> 00:31:04,240
Speaker 3: everything works out for a reason, and I am sure

617
00:31:04,280 --> 00:31:06,120
Speaker 3: that there is a reason that didn't work out, and

618
00:31:06,120 --> 00:31:08,720
Speaker 3: that you were in your little unit all by yourself

619
00:31:08,760 --> 00:31:14,200
Speaker 3: for good reason. So you went from being so certain

620
00:31:14,280 --> 00:31:18,120
Speaker 3: on everything to one day finding out that maybe this

621
00:31:18,320 --> 00:31:20,400
Speaker 3: wasn't going to work out and he was over and out.

622
00:31:20,440 --> 00:31:22,720
Speaker 3: And it sounds like you guys were really amicable and

623
00:31:22,760 --> 00:31:24,800
Speaker 3: it wasn't something that you guys could have. You know,

624
00:31:24,840 --> 00:31:26,400
Speaker 3: it wasn't like he cheated on you and it was

625
00:31:26,440 --> 00:31:30,000
Speaker 3: all savage. It was a pretty shitty situation. It sounds like,

626
00:31:30,040 --> 00:31:33,520
Speaker 3: if we're being honest, well, I mean, it's.

627
00:31:33,400 --> 00:31:36,040
Speaker 4: Like I probably forgot to mention like he had been

628
00:31:36,080 --> 00:31:39,720
Speaker 4: struggling with mental health pretty much the whole time I

629
00:31:39,880 --> 00:31:42,440
Speaker 4: was with him, So I guess in that sense, like

630
00:31:42,480 --> 00:31:46,280
Speaker 4: it wasn't a huge shock, right, it was just what happened,

631
00:31:46,320 --> 00:31:48,520
Speaker 4: I guess, and him leaving because it was always like, no,

632
00:31:48,640 --> 00:31:53,160
Speaker 4: we'll just we'll work this out together, like yeah, and

633
00:31:53,160 --> 00:31:54,480
Speaker 4: then it kind of changed.

634
00:31:54,280 --> 00:31:57,280
Speaker 3: And then it just didn't work out. And that's so okay.

635
00:31:57,280 --> 00:32:00,600
Speaker 3: But that is one of the reasons why going into

636
00:32:00,640 --> 00:32:03,959
Speaker 3: a really big purchase with somebody else, you have really

637
00:32:04,160 --> 00:32:07,480
Speaker 3: clear exit guidelines. And I'm not saying this because I'm

638
00:32:07,640 --> 00:32:10,680
Speaker 3: so negative about relationships, but well, what happens if this

639
00:32:10,760 --> 00:32:12,400
Speaker 3: doesn't work out? Are we're going to keep it, We're

640
00:32:12,400 --> 00:32:13,720
Speaker 3: going to own it together, or are we going to

641
00:32:13,800 --> 00:32:16,920
Speaker 3: sell it? Are we going to wait until the market recovers?

642
00:32:16,920 --> 00:32:19,680
Speaker 3: Like what if the market wasn't doing well when he said, oh,

643
00:32:19,720 --> 00:32:21,720
Speaker 3: I want out, and you both would have lost a

644
00:32:21,760 --> 00:32:24,680
Speaker 3: significant amount of money. It could have been a not

645
00:32:24,760 --> 00:32:27,560
Speaker 3: so good outcome for both of you. Luckily it wasn't,

646
00:32:27,960 --> 00:32:30,280
Speaker 3: but it could have been quite negative. So I think

647
00:32:30,280 --> 00:32:32,760
Speaker 3: it's so important that if you're in a relationship, you

648
00:32:32,840 --> 00:32:37,120
Speaker 3: have these conversations before it happens. Thankfully, it's all sorted

649
00:32:37,120 --> 00:32:39,240
Speaker 3: out for you money direst and you now our a

650
00:32:39,280 --> 00:32:42,640
Speaker 3: fancy little homeowner. You've got your unit, you've got your

651
00:32:42,680 --> 00:32:47,600
Speaker 3: our fresco area. What does And it's probably too early

652
00:32:47,680 --> 00:32:49,800
Speaker 3: to ask this question, but how are you going to

653
00:32:49,840 --> 00:32:52,480
Speaker 3: protect yourself in the event that you get into another

654
00:32:52,560 --> 00:32:53,920
Speaker 3: relationship into the future.

655
00:32:55,440 --> 00:32:58,400
Speaker 4: Yeah, so I think it's really hard, Like with Australian

656
00:32:58,480 --> 00:33:02,080
Speaker 4: legislation and stuff, I mean, factor of relationships, you're kind

657
00:33:02,080 --> 00:33:04,640
Speaker 4: of pretty locked in even if you're not married.

658
00:33:05,400 --> 00:33:06,560
Speaker 1: Yes, it's a bit of.

659
00:33:06,560 --> 00:33:08,480
Speaker 4: A fear, and I have thought about it a lot.

660
00:33:10,480 --> 00:33:13,200
Speaker 4: I mean, I know there's been a lot of mixed

661
00:33:13,920 --> 00:33:18,160
Speaker 4: sort of opinions that I that I've found with like

662
00:33:18,240 --> 00:33:23,000
Speaker 4: binding financial agreements and things like that. So I'd still

663
00:33:23,080 --> 00:33:25,440
Speaker 4: rather put in that money even if it didn't hold

664
00:33:25,520 --> 00:33:28,520
Speaker 4: up later on, like at least you had something kind

665
00:33:28,560 --> 00:33:31,640
Speaker 4: of thing for that. And also just being like really

666
00:33:31,640 --> 00:33:34,640
Speaker 4: aware like when I like, if I do meet someone,

667
00:33:34,800 --> 00:33:36,600
Speaker 4: kind of think just being aware of like oh, if

668
00:33:36,600 --> 00:33:39,560
Speaker 4: they're staying or if they're paying for things around the house,

669
00:33:39,720 --> 00:33:43,000
Speaker 4: like that can all contribute later on and they can

670
00:33:43,040 --> 00:33:43,880
Speaker 4: have a stake at that.

671
00:33:44,360 --> 00:33:46,360
Speaker 3: I think it's important to have the conversation. And it

672
00:33:46,400 --> 00:33:48,240
Speaker 3: doesn't mean that there's a right or a wrong way,

673
00:33:48,360 --> 00:33:50,360
Speaker 3: but I think it's just important to have thought about

674
00:33:50,400 --> 00:33:53,160
Speaker 3: it because I can completely understand where you're coming from,

675
00:33:53,200 --> 00:33:54,760
Speaker 3: because that's your mindset, and you're like, you know what,

676
00:33:54,800 --> 00:33:56,840
Speaker 3: that'll work out. I'll do it this way and that way,

677
00:33:56,880 --> 00:33:59,920
Speaker 3: and that's so fine. I just think that too many

678
00:34:00,040 --> 00:34:02,720
Speaker 3: people go into these situations having not had it even

679
00:34:02,880 --> 00:34:05,560
Speaker 3: cross their mind. So it's nice to know you're like,

680
00:34:05,640 --> 00:34:07,160
Speaker 3: you know what, I kind of know what this will

681
00:34:07,200 --> 00:34:09,160
Speaker 3: look like, but I'll work it out when I get there.

682
00:34:09,600 --> 00:34:12,080
Speaker 3: But Money Diarist, I do think that that is all

683
00:34:12,120 --> 00:34:15,879
Speaker 3: we have time for today. What a special story. Thank

684
00:34:15,920 --> 00:34:18,160
Speaker 3: you so much for sharing so much about you and

685
00:34:18,200 --> 00:34:20,960
Speaker 3: your mum and your journey, and oh, I feel like

686
00:34:21,000 --> 00:34:23,000
Speaker 3: we've learned so much from this and I'm so insanely

687
00:34:23,000 --> 00:34:24,400
Speaker 3: proud of everything you've achieved.

688
00:34:24,640 --> 00:34:25,479
Speaker 4: Thank you so much.

689
00:34:26,040 --> 00:34:29,640
Speaker 3: Honestly, without money diarists writing in their stories and sharing

690
00:34:29,640 --> 00:34:32,000
Speaker 3: them with us, we can't have this podcast. So I'm

691
00:34:32,040 --> 00:34:34,360
Speaker 3: so so grateful for you. But as I mentioned, that,

692
00:34:34,440 --> 00:34:36,600
Speaker 3: it is all we have time for today. So just

693
00:34:36,640 --> 00:34:39,160
Speaker 3: before we head off, we'd like to acknowledge and pay

694
00:34:39,200 --> 00:34:43,279
Speaker 3: respect to Australia's Aboriginal and torrest Right Islander people's. They're

695
00:34:43,280 --> 00:34:46,279
Speaker 3: the traditional custodians that the lands, the waterways and the

696
00:34:46,320 --> 00:34:49,759
Speaker 3: skies all across Australia. We thank you for sharing and

697
00:34:49,800 --> 00:34:51,960
Speaker 3: for caring for the land on which we are able

698
00:34:52,040 --> 00:34:55,240
Speaker 3: to learn. We pay our respects to elders past and present,

699
00:34:55,280 --> 00:34:57,640
Speaker 3: and we share our friendship and our kindness.

700
00:34:58,000 --> 00:35:00,160
Speaker 2: And so you I shared on chees. On the money

701
00:35:00,200 --> 00:35:03,640
Speaker 2: is general in nature and does not consider your individual circumstances.

702
00:35:03,920 --> 00:35:06,680
Speaker 2: She's on the money exists purely for educational purposes and

703
00:35:06,719 --> 00:35:09,880
Speaker 2: shouldn't be relied upon to make an investment or financial decision.

704
00:35:10,280 --> 00:35:13,680
Speaker 2: And we promise. Victoria Divine is an authorized representative of

705
00:35:13,680 --> 00:35:18,160
Speaker 2: Australia Pacific Funds Management Proprietary Limited ABM three four one

706
00:35:18,200 --> 00:35:21,239
Speaker 2: three two four six three two five seven AFSL three

707
00:35:21,280 --> 00:35:23,120
Speaker 2: three nine one five one.

708
00:35:22,880 --> 00:35:24,319
Speaker 3: See you next week, guys.

709
00:35:24,560 --> 00:35:31,719
Speaker 2: Bye