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

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Speaker 1: the Order Kerni Whoalbury 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 on the Money the podcast

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Speaker 2: Millennials who want financial freedom. Welcome back to another one

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Speaker 2: of our Money Daries episodes where I get the absolute

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Speaker 2: pleasure of sitting down with one of our She's on

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Speaker 2: the Money community members and learning all about their journey.

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

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Speaker 2: a message and it sounded a lot like this. Hi,

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Speaker 2: She's on the Money. At twenty eight, after ten years

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Speaker 2: of travel, fun work and a bunch of health issues,

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Speaker 2: I decided to change careers. I was broke starting over

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Speaker 2: and owned nothing at thirty eight. I've kicked off a

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Speaker 2: twelve year plan to retire by fifty. Money, Darrist, retire

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Speaker 2: by fifty and you only started recently? What the hecking?

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Speaker 4: How it's the plan that started this year? Like, I'm

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Speaker 4: hyper focused on it, on both things in life.

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Speaker 2: Well, we need to know how you're going to do it,

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Speaker 2: because that's an epic plan. And also who doesn't want

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Speaker 2: to retire at fifty? Like I think everyone listening is

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Speaker 2: going to go, yup. I want your advice? What are

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Speaker 2: you doing? Tell us? So let's dive straight in money, Darist.

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Speaker 2: So I asked you to give your money habits a

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Speaker 2: grade from A three to F What would you give yourself?

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Speaker 4: I think that I'm a solid B plus.

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Speaker 2: A B plus and you're still planning on retiring early,

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Speaker 2: Like this is giving me hope for me? All right,

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Speaker 2: let's dive in further. My favorite question, as always is money, Darrist.

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Speaker 2: Can you tell us a little bit more about your

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Speaker 2: money story.

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Speaker 4: I come from a real working class family. I'm the

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Speaker 4: youngest four kids. My parents met later in life, and

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Speaker 4: my mum tells the story that when they got married,

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Speaker 4: they had five hundred dollars in the bank account, and

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Speaker 4: I feel like that's really how my life has translated

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Speaker 4: as well. I don't know how they did it exactly,

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Speaker 4: but all of us kids just had this work ethic

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Speaker 4: from a very young age. We all started working as

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Speaker 4: soon as we could. I remember delivering pamphlets and doing

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Speaker 4: all those sorts of jobs when I was a kid

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Speaker 4: with my older brother and sister. I started working when

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Speaker 4: I was fourteen for Coles.

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Speaker 2: Oh good, great first job.

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Speaker 4: Well it was a long first job. I worked there

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Speaker 4: for ten years.

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Speaker 2: Oh epic, yeap, so I work.

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Speaker 4: They're all through high school and all through university. I

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Speaker 4: was the first one in my family to go to university.

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Speaker 2: Oh congrats, how exciting.

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Speaker 4: Thank you. It had its own challenges, though, because I

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Speaker 4: was the first one. I felt like I also lacked

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Speaker 4: a lot of direction.

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Speaker 2: You were like, I don't know what I meant to

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Speaker 2: be doing here. What do you mean I have to

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Speaker 2: self plan my studying. No one around me has ever

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Speaker 2: done this. What the hecking? It's not like school, is it.

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Speaker 1: No?

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Speaker 4: And I was working full time at the same time,

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Speaker 4: I was having a good time. I was partying, I

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Speaker 4: was making memories with friends, doing all the things you

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Speaker 4: should do.

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Speaker 2: Oh, you were doing everything. You were busy. Busy, Yeah,

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Speaker 2: I was busy.

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Speaker 4: I always had a focus, you know. I was always

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Speaker 4: good at saving for something that I wanted, So you know,

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Speaker 4: obviously the first target for everyone in a car go

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Speaker 4: to schoolies.

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Speaker 2: Oh yes, so did all that.

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Speaker 4: And then when I was twenty one, I did an

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Speaker 4: around the world trip with some friends. I took eight

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Speaker 4: weeks off work and we went around the world and

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Speaker 4: it was just like such an eye opening experience for me.

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Speaker 2: Do you remember what that cost you? Because that is wild.

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Speaker 2: Eight weeks would have been spin.

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Speaker 4: Off considering I'm thirty eight, though, you have to like

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Speaker 4: it probably was something like eight thousand dollars back then.

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Speaker 4: I remember the airfare was seventeen hundred dollars.

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Speaker 2: That must be nice.

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Speaker 4: Yeah, it was fun. I still spent everything that I

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Speaker 4: had in my bank account and came back home.

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Speaker 2: I feel like that's a ride of passage, though, like,

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Speaker 2: if you're going to do that, you have to spend

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Speaker 2: everything and come home with like twenty two cents and

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Speaker 2: start from scratch, like there's no in between.

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Speaker 4: Negative two thousand dollars more likely. Yeah, there you go. Yes,

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Speaker 4: I came home and I started saving again, and I thought,

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Speaker 4: you know, that was so much fun. I am going

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Speaker 4: to go live in London like everyone else who's twenty

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Speaker 4: one and wants to move over to the ease and

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Speaker 4: have those fun couple of years. So I remember this one.

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Speaker 4: I saved up forty thousand dollars or what. Full disclosure.

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Speaker 4: I was living with my family on and off in

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Speaker 4: this period. I moved out when I was nineteen, but

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Speaker 4: when I decided to move over Steves, I moved back

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Speaker 4: home when I was twenty three, and I lived with

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Speaker 4: my parents for a year and I saved up forty

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Speaker 4: thousand dollars.

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Speaker 2: Forty thousand dollars in a year is epic, Like if

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Speaker 2: I moved back in with my parents and saved forty

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Speaker 2: grand I'd be over the moon. Like that's halfway to

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Speaker 2: a home deposit. In fact, in some situations that's a

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Speaker 2: whole home deposit.

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Speaker 4: Yeah, and in retrospect, probably money better spent.

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Speaker 2: No, we don't regret past things. That's not on the

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Speaker 2: cards here.

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Speaker 4: I have no regrets in life.

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Speaker 2: I really don't good.

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Speaker 4: And so I took a year off and I backpacked

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Speaker 4: for a year, and I spent every cent of that

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Speaker 4: forty thousand dollars and I ended up in London on

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Speaker 4: someone so far who I'd met in Europe, and I

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Speaker 4: ended up staying there for two years. Really fun, you know,

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Speaker 4: did all the things you're supposed to do, traveled whenever

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Speaker 4: I could, worked five jobs, oh my gosh, did whatever

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Speaker 4: I had to do to get the money flowing in,

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Speaker 4: and take weekend trips to Malta, to Italy wherever I

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Speaker 4: could go.

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Speaker 2: All right, it must be nice.

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Speaker 4: What's really fun? I definitely am pushing all the young

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Speaker 4: people in my life. I'm like, just drop what you're

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Speaker 4: doing and.

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Speaker 2: Just going I love that so much. I didn't get

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Speaker 2: to do that right of passage, and like, while I

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Speaker 2: don't regret it because I feel like I've ended up

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Speaker 2: where I need to be. Also, like in the US,

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Speaker 2: when I hear about other people's adventures, I'm like, I'm

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Speaker 2: not that cool, like and you know what, I'm actually

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Speaker 2: so type A that I don't think I could have

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Speaker 2: ever done any type of travel that wasn't like booked

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Speaker 2: and planned and spreadsheeted out. So when you say I

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Speaker 2: ended up on someone's couch i met them in Europe,

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Speaker 2: I'm just like, that sounds so cool and so unlike me,

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Speaker 2: like I could never.

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Speaker 4: Each So you know, I'm a twin and my twin

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Speaker 4: sister didn't come with me, and it was the first

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Speaker 4: time we'd ever spent time apart, and it was a

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Speaker 4: real shock, and she didn't come. I tried to talk

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Speaker 4: her into coming. I tried to get her to stay

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Speaker 4: when she came and visited, and it just wasn't her thing.

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Speaker 4: And she doesn't regret it at all either. She knows

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Speaker 4: that we had a great time.

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Speaker 2: Yeah, she's more like me, like if there's no control,

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Speaker 2: like I'm out, Like I can't deal with that, and

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Speaker 2: that's very her.

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Speaker 4: So yeah, like everyone has what they want to do

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Speaker 4: on their list, like she did things differently and we

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Speaker 4: read united it obviously, of course, relationships stronger than ever.

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Speaker 2: I love this. So then more happened.

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Speaker 4: So I did come home for a little bit in between,

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Speaker 4: and I felt really like a fish out of water.

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Speaker 4: I didn't know what I wanted out of life. I

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Speaker 4: didn't know where I wanted to live. A lot of

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Speaker 4: my friends were scattered around the world. I've lost contact

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Speaker 4: with a lot of friends. So I decided to go

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Speaker 4: back Epathees and I went to Canada, free year.

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Speaker 2: Oh, Canada's beautiful, good choice.

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Speaker 4: Yeah, And it was really difficult actually to find a

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Speaker 4: job in Canada. It's a slower pace. It takes real

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Speaker 4: time to like get a proper job and put in

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Speaker 4: roots there. So I kind of felt like I was

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Speaker 4: capable of more, and I'm like, what am I doing?

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Speaker 4: Like I've had this degree from when I was nineteen,

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Speaker 4: I've done absolutely nothing with it, and so at that

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Speaker 4: point I was quite unwell as well. So I decided

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Speaker 4: to come home and just sort of focus on what

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Speaker 4: I wanted to do. And the big sort of deciding

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Speaker 4: factor was that it sounds ridiculous now, but I wanted

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Speaker 4: an office job. I wanted to be able to feel

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Speaker 4: comfortable at work, you know, not before my feet talking

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Speaker 4: to people all day. I've been in sales for a

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Speaker 4: really long time throughout my whole life, and you know,

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Speaker 4: with the illness being so i've diagnosed at that point

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Speaker 4: and unsure what was going on, I just felt like

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Speaker 4: a comfortable spot which be sitting at.

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Speaker 2: About doing something that's fair.

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Speaker 4: So I looked into my options and I always had

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Speaker 4: an interest in accounting and finance, and I was always

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Speaker 4: sort of focused on.

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Speaker 2: That very sexy topic I've heard.

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Speaker 4: Yeah, so I decided to do my masters. I came home,

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Speaker 4: I rolled in masters. I took back an old job.

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Speaker 4: So at the time in between, I was working as

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Speaker 4: a travel agent.

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Speaker 2: Oh, that would have been perfect. You had traveled so much,

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Speaker 2: so you would have had so many good recommendations and

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Speaker 2: known how to book and get stuff done, like you

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Speaker 2: would have been a perfect travel agent.

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Speaker 4: I ended up working for a really successful travel agent

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Speaker 4: who had her own office, so she was so busy

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Speaker 4: she couldn't keep up with her own workload. So she

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Speaker 4: paid me a casual rate to just come sit at

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Speaker 4: her house into a hall her work for her, which

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Speaker 4: was perfect. It took all the stress of the job

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Speaker 4: out of it, and I had an hourly rate coming

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Speaker 4: in and I could go study and not stress about work.

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Speaker 2: Oh how good. And you still got to like flourish

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Speaker 2: in an area that you like knew really well. I

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Speaker 2: love that.

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Speaker 4: Yeah, it's really fun. So I got my masters, and

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Speaker 4: I by the time i'd done all of that, I

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Speaker 4: was turning thirty, and I was starting to feel the pressure,

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Speaker 4: like I don't own anything, I'm still broke. I'm probably

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Speaker 4: going to have to take a grad position. And start

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Speaker 4: from the bottom up. So that was all a bit terrifying.

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Speaker 4: So I took a grad position and I was back

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Speaker 4: to fifty K.

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Speaker 2: You took a grad position in what give us some context?

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Speaker 4: So I did actually originally take a grad position in

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Speaker 4: Big four accounting. Yeah, it was not for me.

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Speaker 2: It's not for me either.

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Speaker 4: Bad. I was thirty, I'd been working for fifteen years.

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Speaker 4: I was definitely not in the same headspace or life

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Speaker 4: what for word.

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Speaker 2: As your peers. Just we weren't in the same chapter

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Speaker 2: of that book.

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Speaker 4: No, And also I wasn't really willing to work eighty

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Speaker 4: hours a week in a job to work my way

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Speaker 4: to the top when I had been doing that my

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Speaker 4: entire life.

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Speaker 2: What do you mean, But that's so expected, don't you

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Speaker 2: sell your soul?

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Speaker 4: Yeah?

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Speaker 2: Exactly, And I wasn't so And you should be grateful

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Speaker 2: to them.

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Speaker 4: Should I tell way too many people that I quit

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Speaker 4: their job after five months? They probably a like want

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Speaker 4: me to sign something to say I never worked there.

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Speaker 2: They're like, please stop talking trash about us, And you

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Speaker 2: were like, can't stop, word stop. Sorry, Yeah, it's horrible.

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Speaker 4: I actually made a couple of really great friends. And

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Speaker 4: this is the thing. Everything that I've done in life.

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Speaker 4: I've taken a friend with me, no regrets, like everything's

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Speaker 4: been great. So I ended up calling the travel company

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Speaker 4: that I used to work for as an agent and said,

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Speaker 4: I've just finished my accounting degree, my master's I'm going

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Speaker 4: to do my CPA, like you got anything for me?

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Speaker 4: And so they acquired me. Oh how cool, which was

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Speaker 4: much better, much more on my speed talking about travel,

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Speaker 4: which is always fun for me. That's sort of the

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Speaker 4: start of my finance accounting career, I suppose adore, and

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Speaker 4: so I've just been building my career from there. So thirty,

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Speaker 4: I was just so hyper focused on buying a house

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Speaker 4: and finding somewhere to live and putting roots down where

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Speaker 4: I was and just being here and not you know,

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Speaker 4: feeling the need to jump on a plane and run

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Speaker 4: away again.

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Speaker 2: I love that. So tell me about today. What do

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Speaker 2: you do for work? How much money are you earning?

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Speaker 4: So I work as a financial controller.

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Speaker 2: Your big dog job.

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Speaker 4: Yes, I've been working for about four years since a

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Speaker 4: financial controller and my current salary is one hundred and

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Speaker 4: thirty thousand plus.

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Speaker 2: Super very nice.

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Speaker 4: Yeah, and I also have a side job, a side hustle.

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Speaker 2: I suppose that work ethic hasn't stopped, has it.

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Speaker 4: No, So I earn about fifteen thousand a year from that.

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Speaker 2: What do you do? Is it online? Is it out?

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Speaker 2: What type of role is that?

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Speaker 4: So I bought a private business with a few friends

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Speaker 4: and we run the business together. I obviously don't work

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Speaker 4: in the business full time. Two of my colleagues work

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Speaker 4: full time in the business, and two of us have

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Speaker 4: full time jobs and do this on the side. So

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Speaker 4: it's a business that I worked in for many years

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Speaker 4: and we have a real passion for it and we

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Speaker 4: want to find a business to buy. And it took

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Speaker 4: some time, but we found one and we bought it

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Speaker 4: in December of last year. So I'm a minor stakeholder.

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Speaker 2: How cool is that? And then you've got an income

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Speaker 2: coming from that.

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Speaker 4: Yeah. So obviously the end goal for me, I think,

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Speaker 4: would be to step full time into that business. Yeah,

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Speaker 4: but it's got a lot of growth to happen before

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Speaker 4: that can support another salary.

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Speaker 2: Yeah, of course. Oh my gosh, how exciting is that.

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Speaker 2: So let's get back to your big money goals. I

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Speaker 2: know you said earlier when you wrote in your planning

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Speaker 2: on retiring at fifty and you've got a twelve year plan.

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Speaker 2: Would you say that's your big money goal? Yes, So

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Speaker 2: tell me more about that. How does that work? How

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Speaker 2: do you know it's going to take twelve years? How

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Speaker 2: did you work it all out?

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Speaker 4: So, I guess because I've been working for so long,

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Speaker 4: I just kind of had this picture in my head

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Speaker 4: of working to sixty seven and going that is not fun.

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Speaker 4: Most people get to sixty seven they're either unwell or

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Speaker 4: they can't travel, they can't do the things they want

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Speaker 4: to do, and it just gave me really sad, to

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Speaker 4: be honest, and I thought, fifty is a great age.

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Speaker 4: You're still young, you can still travel, you can spend

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Speaker 4: time with friends and family. So I just have it

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Speaker 4: in my head that fifties the day I'm going to

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Speaker 4: stop working. And I worked backwards from there, so I

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Speaker 4: was like, how much money do I need? What do

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Speaker 4: I need to have done? So there's a few things

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Speaker 4: I need to have paid off my home yeap, and

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Speaker 4: then I need to have enough money to live off

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Speaker 4: between fifty and sixty seven until my super can kick it.

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Speaker 4: And then my super has to be sufficient to do

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Speaker 4: the sixty seven onwards.

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Speaker 2: Yeah.

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Speaker 4: Great. Yeah, So at the moment I'm thinking I need

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Speaker 4: about six hundred thousand in my share portfolio. To do that,

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Speaker 4: I've got to invest about four to five hundred dollars

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Speaker 4: a week into the portfolio from now until fifty. Yep.

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Speaker 4: And I think I've used conservative numbers. Maybe not. Maybe

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Speaker 4: it's going to go up and down.

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Speaker 2: And we want to be conservative because I'd like to

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Speaker 2: underpromise and then over deliver instead of being absolutely stumped.

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Speaker 4: Yeah, and look, the reality is is I'll get to

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Speaker 4: fifty and I'll be like, oh for more years and

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Speaker 4: then maybe I'll you know, buy something, or you know,

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Speaker 4: reality will set in.

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Speaker 2: Okay, it might change, or you might go, you know,

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Speaker 2: I'm not ready to stop working. I actually want to

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Speaker 2: do you know, some part time stuff and maybe you

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Speaker 2: travel for six months of the year and then come

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Speaker 2: back to work and like balance it. Differently, I feel

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Speaker 2: like the word retirement sucks because people just assume it's

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Speaker 2: old and it's boring and you sit at home and

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Speaker 2: you like go for walks like it's not good. You're

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Speaker 2: actually reaching financial freedom at fifty, and that gives you

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Speaker 2: the opportunity to choose and like, nobody's in that situation

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Speaker 2: right where you can go do I want to work.

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Speaker 4: Yeah.

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Speaker 2: No, Like imagine being in the situation where you're like,

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Speaker 2: I don't have to go to work anymore, in no worries, like.

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Speaker 4: What Yeah, And that's what I'm aiming for, is flexibility.

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Speaker 4: That's the one thing that really lacks in you know,

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Speaker 4: a nine to five.

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Speaker 2: How much did you calculate that you need in your superannuation?

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Speaker 4: So I was hoping to get about the same amount

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Speaker 4: in my super, about six hundred and fifty thousand, because

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Speaker 4: I figure it'll keep compounding after fifty a sort of.

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Speaker 4: I think I wanted it to have over a million

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Speaker 4: by the time I was sixty seven, which I think

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Speaker 4: it will. I'd probably have to see someone at some

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Speaker 4: point to kind of sound boarded out and make sure

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Speaker 4: that my numbers are right. But at the moment, this

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Speaker 4: is the back of the napkin kind of calculation.

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Speaker 1: No.

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Speaker 2: I like it because if you've got six hundred thousand

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Speaker 2: dollars in each of those, by the time you reach

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Speaker 2: that goal of sixty seven, you would probably have about

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Speaker 2: one point two million in super and that will give

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Speaker 2: you an income of about sixty thousand dollars, which is

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Speaker 2: pretty sexy if you've already paid off your house, because

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Speaker 2: then you don't have mortgage or payments, and then from

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Speaker 2: then on in it will depend on whether you're drawing

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Speaker 2: down that sixty thousand dollars at which point the compounding

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Speaker 2: stops and you just consistently take that, or you know,

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Speaker 2: you seem up and about like you do not look

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Speaker 2: like you're going to retire at fifty forever. Like it's

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Speaker 2: a good plan, but like your work ethic, I think

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Speaker 2: is going to come through. So I wouldn't be surprised

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Speaker 2: if you're like, oh, I'll just do some odd jobs,

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Speaker 2: or I'll well, you know, work part time, or I'll

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Speaker 2: do this and then stop for a bit and then

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Speaker 2: go back. So I wouldn't be surprised if you top

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Speaker 2: it up a few times. But if you let it compound,

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Speaker 2: that one point two million dollars ten years from then

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Speaker 2: would then be two point four. So it just depends

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Speaker 2: on what you want to do and what that looks like.

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Speaker 4: Yeah, if I live a pretty lean life, so sixty

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Speaker 4: thousand to me is a pretty good number to eight for.

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Speaker 4: But the reality is is, like you probably want to

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Speaker 4: go on really nice holidays. You probably want to try

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Speaker 4: and do some business class affairs, maybe.

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Speaker 2: So yeah, when I was a financial plannarias to talk

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Speaker 2: to people about that, and it's very serious because I

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Speaker 2: think if you sit down and you know, I said

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Speaker 2: to you, all right, well, your situation right now, you're

383
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Speaker 2: earning one thirty plus super like you're saving and investing,

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Speaker 2: so you know, let's strip it back and pretend that

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Speaker 2: you were on you know, eighty thousand dollars a year.

386
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Speaker 2: Would that be enough? And you go, well, yeah, eighty thousand,

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Speaker 2: that would be great if I didn't have a mortgage.

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Speaker 2: But the reality of retirement is you have a lot

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Speaker 2: more free time, and when you have free time, you

390
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Speaker 2: spend more money. You're not going to work every day

391
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Speaker 2: and packing your lunch and it's all good. Like if

392
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Speaker 2: you're home twenty four seven eating lunch at home, you're

393
00:17:09,640 --> 00:17:13,240
Speaker 2: probably not that enthusiastic about You're probably planning more holidays,

394
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Speaker 2: You're probably going out for more coffees. Like, we actually

395
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Speaker 2: have a bit more of a luxurious lifestyle. And I'm

396
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Speaker 2: not saying that everyone is afforded that, but if we're

397
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Speaker 2: planning for it, Like, I want you to have the

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Speaker 2: best retirement ever, Like I want you to be completely

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Speaker 2: financially free, not financially constricted and free. So it's different

400
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Speaker 2: for everybody. But I'm always like, no, you probably want

401
00:17:35,920 --> 00:17:37,800
Speaker 2: to retire with a hire income than the one you

402
00:17:37,880 --> 00:17:39,960
Speaker 2: earn right now, even though you probably don't want to

403
00:17:39,960 --> 00:17:40,240
Speaker 2: hear that.

404
00:17:40,680 --> 00:17:42,919
Speaker 4: I know. And that's the thing I'm battling with because

405
00:17:42,960 --> 00:17:45,280
Speaker 4: my sister's quite often like, you know, you need to

406
00:17:45,359 --> 00:17:48,639
Speaker 4: enjoy life too, and I definitely do. But she's like,

407
00:17:48,720 --> 00:17:50,439
Speaker 4: go and spend some of your money, enjoy it, and

408
00:17:50,440 --> 00:17:52,880
Speaker 4: I'm like, I am. I'm still traveling, I'm still going

409
00:17:52,880 --> 00:17:55,520
Speaker 4: out for dinner, like I'm not holding back on anything.

410
00:17:55,600 --> 00:17:59,520
Speaker 4: I'm a fine line between the hardcore fire and still

411
00:17:59,560 --> 00:18:00,840
Speaker 4: living my life. Yeah.

412
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Speaker 2: I think I've said this on the podcast before, and

413
00:18:03,680 --> 00:18:06,199
Speaker 2: that's fire. So for those of you playing along at

414
00:18:06,200 --> 00:18:08,919
Speaker 2: the home who haven't heard about fire, it's financial independence

415
00:18:08,960 --> 00:18:12,480
Speaker 2: retire early. It's kind of a movement where a lot

416
00:18:12,480 --> 00:18:17,960
Speaker 2: of people will prioritize saving and investing above and beyond lifestyle,

417
00:18:18,040 --> 00:18:20,360
Speaker 2: so they'll save and invest like eighty percent of their

418
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Speaker 2: income and that works so well. Like it's crazy the

419
00:18:24,359 --> 00:18:28,120
Speaker 2: people that can do it, I applaud. I'm not that person. Like,

420
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Speaker 2: I think it's been made very clear, like I'm a

421
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Speaker 2: lifestyle girly, Like I don't think that I have enough

422
00:18:33,960 --> 00:18:37,600
Speaker 2: delayed gratification to put it off You, my friend, probably

423
00:18:37,640 --> 00:18:40,399
Speaker 2: way better at it than me, and you'll reap the benefits.

424
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Speaker 2: But you know the marshmallow experiment with the kids, Like

425
00:18:43,160 --> 00:18:45,960
Speaker 2: I ate the marshmallow straight up, Like I just ate

426
00:18:46,000 --> 00:18:48,399
Speaker 2: it already, Like I didn't wait for two marshmallows to

427
00:18:48,600 --> 00:18:50,919
Speaker 2: be put on my plate ten minutes later, like I

428
00:18:50,960 --> 00:18:53,720
Speaker 2: have no chill, and I will be buying myself that

429
00:18:53,760 --> 00:18:56,600
Speaker 2: oatmelk laate. But it's all about balance, right, And I

430
00:18:56,640 --> 00:19:00,399
Speaker 2: look at you and I go, wait, I wish I

431
00:19:00,400 --> 00:19:01,760
Speaker 2: love it. I feel like I've got a couple of

432
00:19:01,760 --> 00:19:04,680
Speaker 2: friends doing fire as well, and I mean when they do,

433
00:19:05,200 --> 00:19:07,160
Speaker 2: I'm like, well, I'll just pay for the coffee. Yeah,

434
00:19:07,240 --> 00:19:09,040
Speaker 2: Like I want them to achieve that, but like we're

435
00:19:09,040 --> 00:19:10,440
Speaker 2: still going out for coffee.

436
00:19:11,119 --> 00:19:13,400
Speaker 4: Yeah. Like I would never say no if a good

437
00:19:13,480 --> 00:19:15,000
Speaker 4: friend said, do you want to meet me for lunch?

438
00:19:15,040 --> 00:19:17,679
Speaker 4: I would never say no, no because of money. Never no.

439
00:19:17,840 --> 00:19:19,399
Speaker 2: I love that. I feel like there needs to be

440
00:19:19,400 --> 00:19:22,120
Speaker 2: some level of balance because at the end of the day,

441
00:19:22,160 --> 00:19:25,720
Speaker 2: you were saying before, basically, old age is a privilege.

442
00:19:25,720 --> 00:19:28,919
Speaker 2: Denied to many, right, like, not everybody gets to go

443
00:19:28,960 --> 00:19:31,240
Speaker 2: and live that life, and if we're just working towards

444
00:19:31,240 --> 00:19:33,600
Speaker 2: it and don't live life in the interim, like I

445
00:19:33,600 --> 00:19:36,720
Speaker 2: don't know, maybe I'm justifying my spending.

446
00:19:37,600 --> 00:19:39,480
Speaker 4: No, you're totally fine. You have to enjoy your life

447
00:19:39,480 --> 00:19:42,000
Speaker 4: and you have to be happy, and that's my philosophy

448
00:19:42,040 --> 00:19:43,119
Speaker 4: really exactly.

449
00:19:43,200 --> 00:19:45,000
Speaker 2: All right, let's go to a really quick break on

450
00:19:45,040 --> 00:19:47,720
Speaker 2: the flip side. I want to know more about your investments.

451
00:19:47,840 --> 00:19:49,760
Speaker 2: I know that you've got a little holiday house we

452
00:19:49,840 --> 00:19:52,080
Speaker 2: haven't touched on yet. I want to know about your

453
00:19:52,119 --> 00:19:54,040
Speaker 2: debts and your best and worst money habits, because I

454
00:19:54,040 --> 00:19:56,160
Speaker 2: feel like we have heaps to learn from you. So guys,

455
00:19:56,320 --> 00:20:03,240
Speaker 2: don't go anywhere. All right, money dirice, We are back

456
00:20:03,560 --> 00:20:06,680
Speaker 2: and you are investing every single month you mentioned before

457
00:20:06,720 --> 00:20:08,760
Speaker 2: it's like five hundred dollars a week. Is that correct?

458
00:20:09,280 --> 00:20:12,760
Speaker 4: Yeah, So I salary sacrificed two hundred and fifty a

459
00:20:12,800 --> 00:20:16,040
Speaker 4: week into my super and then I do four hundred

460
00:20:16,119 --> 00:20:17,800
Speaker 4: a week into the share portfolio.

461
00:20:18,080 --> 00:20:22,000
Speaker 2: Who is she? That's crazy? So tell me about your investments.

462
00:20:22,040 --> 00:20:24,640
Speaker 2: How did you pick them, how are you managing them?

463
00:20:24,920 --> 00:20:26,520
Speaker 2: Where did the sauce start?

464
00:20:26,960 --> 00:20:29,080
Speaker 4: This has been kicked off this year, so it was

465
00:20:29,200 --> 00:20:31,960
Speaker 4: after my thirty eighth birthday I started, So we're probably

466
00:20:32,160 --> 00:20:32,800
Speaker 4: five months in.

467
00:20:33,119 --> 00:20:33,639
Speaker 2: That's okay.

468
00:20:33,960 --> 00:20:37,000
Speaker 4: So I've really picked some random stuff to begin with,

469
00:20:37,080 --> 00:20:38,960
Speaker 4: like anyone does. I just bought a few stocks that

470
00:20:39,000 --> 00:20:41,280
Speaker 4: I was familiar with, some single stop. I also have

471
00:20:41,359 --> 00:20:44,200
Speaker 4: some money invested in a business I used to work it,

472
00:20:45,119 --> 00:20:48,840
Speaker 4: so all up in shares. I've got fifty thousand dollars.

473
00:20:49,160 --> 00:20:51,800
Speaker 2: Oh my gosh, she's well on the way.

474
00:20:52,720 --> 00:20:57,639
Speaker 4: Twenty five is tied up in the private business we're running,

475
00:20:58,320 --> 00:21:01,760
Speaker 4: and then twenty five thousand is just ETF so random

476
00:21:01,840 --> 00:21:04,199
Speaker 4: bank of ones. What everyone does. I think at some

477
00:21:04,280 --> 00:21:07,080
Speaker 4: point I think once that gets to maybe fifty thousand,

478
00:21:07,240 --> 00:21:09,680
Speaker 4: I probably should get some advice and make sure it's

479
00:21:09,680 --> 00:21:12,840
Speaker 4: fall in the right thing, because I just hear you know,

480
00:21:13,000 --> 00:21:15,520
Speaker 4: vas figihg, and I'm.

481
00:21:15,359 --> 00:21:17,800
Speaker 2: Like, okay, correct, Yeah, I feel like so many people

482
00:21:17,840 --> 00:21:20,240
Speaker 2: do that. They go, this is tried and true and tested,

483
00:21:20,320 --> 00:21:21,120
Speaker 2: let's start here.

484
00:21:21,920 --> 00:21:24,679
Speaker 4: Yes, So it's already had its ups and down, so

485
00:21:24,760 --> 00:21:27,200
Speaker 4: I'm like kind of more comfortable with how it's going

486
00:21:27,240 --> 00:21:30,000
Speaker 4: now at the moment. It's half between Cheresey's and race

487
00:21:30,080 --> 00:21:33,200
Speaker 4: because I just didn't know which one was the right one. Yeah,

488
00:21:33,240 --> 00:21:35,800
Speaker 4: So at some point someone's going to say to me, no,

489
00:21:35,960 --> 00:21:37,720
Speaker 4: put it all hair and have it in one spot

490
00:21:37,760 --> 00:21:40,080
Speaker 4: and do this, and that's what I'll do. But for

491
00:21:40,160 --> 00:21:42,760
Speaker 4: now it's just started. So that's got about yeah, twenty

492
00:21:42,800 --> 00:21:43,680
Speaker 4: five thousand.

493
00:21:43,359 --> 00:21:45,240
Speaker 2: And it's how good. That's so exciting.

494
00:21:45,920 --> 00:21:48,679
Speaker 4: In my super I've got one hundred and fifty thousand.

495
00:21:49,080 --> 00:21:50,200
Speaker 2: Oh very nice.

496
00:21:50,960 --> 00:21:52,560
Speaker 4: Yeah, I did have a few years away.

497
00:21:52,680 --> 00:21:56,280
Speaker 2: I'm sorry, that's still so high. Like you're a baby,

498
00:21:56,359 --> 00:21:58,720
Speaker 2: you're still thirty eight and you've got one fifty and super.

499
00:21:58,920 --> 00:21:59,120
Speaker 4: Yes.

500
00:21:59,200 --> 00:21:59,520
Speaker 2: Please.

501
00:22:00,040 --> 00:22:02,639
Speaker 4: Also worth saying though, in the peak of COVID it

502
00:22:02,720 --> 00:22:06,080
Speaker 4: was sixty five thousand dollars, so I don't know what

503
00:22:06,080 --> 00:22:08,879
Speaker 4: that says about the share market, but like obviously it

504
00:22:08,920 --> 00:22:10,280
Speaker 4: can come pretty quickly.

505
00:22:10,000 --> 00:22:13,320
Speaker 2: I think, yeah, and that would be compounding. I don't

506
00:22:13,320 --> 00:22:15,600
Speaker 2: want to scare anybody, but it's been a few years

507
00:22:15,600 --> 00:22:18,439
Speaker 2: since COVID nineteen. In fact, it's been five years. Like

508
00:22:18,600 --> 00:22:22,760
Speaker 2: that's actually wild, so compounding. And then also the markets

509
00:22:22,800 --> 00:22:26,720
Speaker 2: were down during COVID, so like, I'm not surprised. I've

510
00:22:26,720 --> 00:22:29,679
Speaker 2: been watching mine slowly, slowly get up and up, and

511
00:22:29,720 --> 00:22:32,040
Speaker 2: I feel like it's it's had a good run. So

512
00:22:32,320 --> 00:22:34,440
Speaker 2: maybe it's time if you haven't looked at your super

513
00:22:34,600 --> 00:22:36,040
Speaker 2: to go and look at it and put it in

514
00:22:36,119 --> 00:22:38,960
Speaker 2: the right fund for you and the right risk profile

515
00:22:39,040 --> 00:22:40,840
Speaker 2: to make sure you're in the best possible position.

516
00:22:41,400 --> 00:22:44,000
Speaker 4: Yeah, so make sure that's alling growth and you.

517
00:22:43,960 --> 00:22:46,000
Speaker 2: Know, doing what I wanted to do smart.

518
00:22:46,080 --> 00:22:49,439
Speaker 4: And I have at the moment one hundred and fifty

519
00:22:49,480 --> 00:22:50,399
Speaker 4: thousand in cash.

520
00:22:50,760 --> 00:22:52,400
Speaker 2: Oh okay, big dog.

521
00:22:53,800 --> 00:22:56,399
Speaker 4: It's in my offset for now because part of my

522
00:22:56,440 --> 00:22:59,080
Speaker 4: strategy to pay the house off in ten years, So

523
00:22:59,119 --> 00:23:00,919
Speaker 4: I kind of want to keep a big chunk in

524
00:23:00,960 --> 00:23:03,920
Speaker 4: the offset, but I also like having that flexibility there

525
00:23:03,960 --> 00:23:06,640
Speaker 4: that I should probably put fifty thousand of it into

526
00:23:06,640 --> 00:23:09,320
Speaker 4: the share portfolio. Just a bit nervous to do that.

527
00:23:09,400 --> 00:23:11,840
Speaker 2: I don't know why, because it's a big chunk of money,

528
00:23:11,880 --> 00:23:14,440
Speaker 2: and it's very normal to be nervous about making big

529
00:23:14,440 --> 00:23:17,240
Speaker 2: financial decisions on big chunks of money when it has

530
00:23:17,359 --> 00:23:20,640
Speaker 2: your future at risk. I don't know if I'm overstepping

531
00:23:20,680 --> 00:23:23,600
Speaker 2: here at all, But with everything that you've said, it

532
00:23:23,680 --> 00:23:25,800
Speaker 2: sounds like you're well on the way to achieving this.

533
00:23:26,000 --> 00:23:27,719
Speaker 2: But I know you said, oh, maybe when I get

534
00:23:27,760 --> 00:23:30,160
Speaker 2: to like fifty thousand in ETFs, I'll get some advice,

535
00:23:30,480 --> 00:23:33,280
Speaker 2: my friend, I'd be talking to a financial advisor. Now

536
00:23:33,480 --> 00:23:36,239
Speaker 2: you've got more than enough cash. You've got more than

537
00:23:36,359 --> 00:23:38,840
Speaker 2: enough super like you are well on the way. Like

538
00:23:39,480 --> 00:23:42,399
Speaker 2: I feel like when people are planning on retiring early,

539
00:23:42,480 --> 00:23:44,800
Speaker 2: even when you're you know, just in a position where

540
00:23:44,840 --> 00:23:47,040
Speaker 2: you do have a bit of cash and you want

541
00:23:47,080 --> 00:23:50,680
Speaker 2: to make the right decisions. Like analysis paralysis, I feel

542
00:23:50,720 --> 00:23:53,440
Speaker 2: it gets the best of us and making a decision

543
00:23:53,560 --> 00:23:56,119
Speaker 2: sooner rather than later is going to put you in

544
00:23:56,119 --> 00:23:59,960
Speaker 2: a better position sooner. So for me, I'd be like, yeah, actually,

545
00:24:00,800 --> 00:24:02,640
Speaker 2: let me set you up with one of my financial

546
00:24:02,640 --> 00:24:05,639
Speaker 2: advisor friends after the show if you're keen and we

547
00:24:05,680 --> 00:24:06,920
Speaker 2: can get that ball rolling.

548
00:24:07,480 --> 00:24:10,080
Speaker 4: Yeah, that's probably what I thought you would say. So, yeah,

549
00:24:10,080 --> 00:24:12,479
Speaker 4: that's the cash, and then I have my home, and

550
00:24:12,520 --> 00:24:14,919
Speaker 4: then I have an investment property that I own with

551
00:24:14,960 --> 00:24:15,439
Speaker 4: my brother in.

552
00:24:15,480 --> 00:24:18,320
Speaker 2: Law, which is very cool. So that's all your investments.

553
00:24:18,359 --> 00:24:20,880
Speaker 2: I want to know about this property thing. So how

554
00:24:20,920 --> 00:24:24,280
Speaker 2: did you come to own an investment property with someone else?

555
00:24:24,640 --> 00:24:27,840
Speaker 4: So my brother in law has always had an apartment

556
00:24:28,040 --> 00:24:30,600
Speaker 4: at the coast that we've stayed in all the time,

557
00:24:31,160 --> 00:24:34,240
Speaker 4: and he did make a comment recently about me being

558
00:24:34,280 --> 00:24:37,879
Speaker 4: a freeloader. Yeah, I shouldn't say recently. This is about

559
00:24:37,880 --> 00:24:38,480
Speaker 4: three years ago.

560
00:24:38,720 --> 00:24:40,000
Speaker 2: That's recent. Let's go with that.

561
00:24:40,840 --> 00:24:43,560
Speaker 4: He had to sell that property because they bought their

562
00:24:43,640 --> 00:24:46,480
Speaker 4: dream house in twenty twenty one and they had to

563
00:24:46,480 --> 00:24:48,560
Speaker 4: make a few decisions and they decided to sell it,

564
00:24:48,680 --> 00:24:52,800
Speaker 4: and he instantly regretted it, and he said, we need

565
00:24:52,800 --> 00:24:55,320
Speaker 4: to buy something at the coast. And he goes, if

566
00:24:55,359 --> 00:24:58,160
Speaker 4: we buy something, you're buying with us because you're there

567
00:24:58,280 --> 00:24:58,880
Speaker 4: all the time.

568
00:24:59,080 --> 00:25:00,640
Speaker 2: Yeah, yeah, yeah, you go to buy two.

569
00:25:01,320 --> 00:25:04,879
Speaker 4: Yeah. So we actually called up a guy that lived

570
00:25:04,920 --> 00:25:07,720
Speaker 4: in the building complex that he owned in previously, and

571
00:25:07,760 --> 00:25:10,200
Speaker 4: he owned five units in the building, and we said,

572
00:25:10,240 --> 00:25:10,840
Speaker 4: we want one.

573
00:25:11,160 --> 00:25:11,400
Speaker 5: Yeah.

574
00:25:11,440 --> 00:25:14,240
Speaker 4: He goes, give me X amount and it's yours, and

575
00:25:14,280 --> 00:25:15,040
Speaker 4: so we took it.

576
00:25:15,280 --> 00:25:18,679
Speaker 2: Oh my gosh, how good. That regret was real strong?

577
00:25:18,800 --> 00:25:21,960
Speaker 4: Hey, oh so strong. I kind of say it's my

578
00:25:22,040 --> 00:25:25,200
Speaker 4: investment property because on paper it's all in my name.

579
00:25:25,560 --> 00:25:25,760
Speaker 1: Yeah.

580
00:25:25,840 --> 00:25:29,280
Speaker 4: Because they bought the dream house, they couldn't actually buy it.

581
00:25:29,400 --> 00:25:32,240
Speaker 2: Yeah, they couldn't get the finance for it immediately. Yeah, yeah, yeah,

582
00:25:32,280 --> 00:25:32,880
Speaker 2: that makes sense.

583
00:25:33,560 --> 00:25:37,200
Speaker 4: Yeah. We have a very trusting relationship and we contribute

584
00:25:37,280 --> 00:25:40,320
Speaker 4: equally to everything. It's just in my name. So I'm

585
00:25:40,400 --> 00:25:43,640
Speaker 4: kind of tapped out in terms of property, like I.

586
00:25:43,600 --> 00:25:45,399
Speaker 2: Was gonna say, you'd be tapped out in terms of

587
00:25:45,400 --> 00:25:48,760
Speaker 2: borrowing capacity now, yes, yeah.

588
00:25:48,200 --> 00:25:50,760
Speaker 4: Which is the only downside. But obviously it's a family

589
00:25:50,840 --> 00:25:53,879
Speaker 4: holiday house. We have so many good memories there. We

590
00:25:53,920 --> 00:25:55,600
Speaker 4: have a really good time every time we go.

591
00:25:55,920 --> 00:25:58,280
Speaker 2: But also it's a good investment, it sounds like, and

592
00:25:58,320 --> 00:25:59,200
Speaker 2: it's a good investment.

593
00:25:59,320 --> 00:26:02,439
Speaker 4: So we maid five hundred and seventy thousand for it,

594
00:26:02,920 --> 00:26:05,480
Speaker 4: and they just sold two in the building, but they're

595
00:26:05,480 --> 00:26:08,200
Speaker 4: all completely identical and they sold for seven twenty.

596
00:26:08,480 --> 00:26:09,639
Speaker 2: Oh very nice.

597
00:26:10,200 --> 00:26:12,200
Speaker 4: Yeah, so it's been a good investment.

598
00:26:12,440 --> 00:26:12,680
Speaker 1: Yeah.

599
00:26:12,800 --> 00:26:15,360
Speaker 2: Great, And what is the mortgage on that sitting at.

600
00:26:15,840 --> 00:26:18,040
Speaker 4: That sitting at four hundred and seventy five.

601
00:26:17,880 --> 00:26:20,959
Speaker 2: Thousand, Okay, so you're sitting pretty on that. I feel like,

602
00:26:21,480 --> 00:26:23,919
Speaker 2: even though it ties you up for borrowing capacity for

603
00:26:23,960 --> 00:26:26,159
Speaker 2: a short period of time, it's actually not the end

604
00:26:26,200 --> 00:26:29,280
Speaker 2: of the world because it's a good investment anyway, And

605
00:26:29,320 --> 00:26:31,760
Speaker 2: what would have you done with borrowing capacity by a

606
00:26:31,800 --> 00:26:35,360
Speaker 2: property to be in exactly the same position. And it's

607
00:26:35,400 --> 00:26:37,760
Speaker 2: probably gotten you ahead in terms of cash flow as well,

608
00:26:37,760 --> 00:26:42,200
Speaker 2: because you're only technically paying for half. Yes, so that's

609
00:26:42,280 --> 00:26:44,600
Speaker 2: not bad at all. And then so that's at four

610
00:26:44,680 --> 00:26:46,920
Speaker 2: seventy five. It was a five to seventy purchase and

611
00:26:46,960 --> 00:26:49,719
Speaker 2: it's probably worth seven hundred plus. Tell me about the

612
00:26:49,760 --> 00:26:51,480
Speaker 2: home that you live in. I know you live in

613
00:26:51,520 --> 00:26:52,479
Speaker 2: your own place.

614
00:26:53,080 --> 00:26:56,560
Speaker 4: Yeah, so it's worth about five hundred and fifty thousand,

615
00:26:57,560 --> 00:27:00,720
Speaker 4: and the mortgage is four hundred and fifty thousand.

616
00:27:00,880 --> 00:27:02,720
Speaker 2: Oh, she's got that down a fair bit.

617
00:27:03,440 --> 00:27:07,119
Speaker 4: Yeah, I recently sold a property to buy this one.

618
00:27:07,240 --> 00:27:09,320
Speaker 4: It was a little bit of a down size, which

619
00:27:09,359 --> 00:27:11,080
Speaker 4: is why I have the excess cat.

620
00:27:11,560 --> 00:27:11,800
Speaker 2: Yeah.

621
00:27:11,800 --> 00:27:14,160
Speaker 4: But yeah, it was a lifestyle choice. It's a much

622
00:27:14,200 --> 00:27:17,960
Speaker 4: better location the inner city, close to restaurants and shopping,

623
00:27:18,000 --> 00:27:19,800
Speaker 4: and it's just really great vibe.

624
00:27:19,840 --> 00:27:21,960
Speaker 2: I love that. And I mean, if you're at four

625
00:27:22,119 --> 00:27:23,879
Speaker 2: fifteen and then you said before that you've got one

626
00:27:23,920 --> 00:27:26,440
Speaker 2: hundred and fifty thousand dollars in your offset, that means

627
00:27:26,480 --> 00:27:30,199
Speaker 2: what you're only paying your mortgage at two hundred and

628
00:27:30,240 --> 00:27:33,240
Speaker 2: sixty five thousand. That would make you feel very good.

629
00:27:33,280 --> 00:27:35,000
Speaker 2: And I mean, at the end of the day, like

630
00:27:35,080 --> 00:27:38,679
Speaker 2: I love trucking net wealth of like clients and also myself,

631
00:27:38,680 --> 00:27:40,760
Speaker 2: and I'm sure you're doing the same, Like, once I

632
00:27:40,800 --> 00:27:43,800
Speaker 2: work all of that out with your shares and your superannuation,

633
00:27:44,040 --> 00:27:47,520
Speaker 2: like you're basically broken even, Like that's very sexy. I

634
00:27:47,680 --> 00:27:49,120
Speaker 2: like this for us.

635
00:27:50,200 --> 00:27:53,080
Speaker 4: Yeah, but that's sort of it for investments right now.

636
00:27:53,520 --> 00:27:55,680
Speaker 2: Oh, that's it. We've just spent the last ten minutes

637
00:27:55,720 --> 00:27:58,359
Speaker 2: talking about all your investments and where you're going. My friend,

638
00:27:58,400 --> 00:28:01,320
Speaker 2: you are doing so well, love it so much. You've

639
00:28:01,359 --> 00:28:05,560
Speaker 2: obviously got the four hundred and fifteen thousand in your

640
00:28:05,640 --> 00:28:09,040
Speaker 2: current home, and then you've got what the four seventy

641
00:28:09,080 --> 00:28:13,160
Speaker 2: five leftover, but obviously it's only half of that. Technically,

642
00:28:14,119 --> 00:28:16,440
Speaker 2: what other debts are you in? If you have any?

643
00:28:17,359 --> 00:28:17,919
Speaker 4: None?

644
00:28:18,040 --> 00:28:21,320
Speaker 2: None, slay. I love this. There's no car, there's no

645
00:28:21,440 --> 00:28:24,000
Speaker 2: zip pay, there's no after pay. Tell me a bit

646
00:28:24,000 --> 00:28:26,120
Speaker 2: more about your journey with debt. Is that something you've

647
00:28:26,160 --> 00:28:28,640
Speaker 2: ever worked with or is that something that you've ever had?

648
00:28:29,320 --> 00:28:33,440
Speaker 4: Yes, so there's probably two stories. I probably shouldn't tell you.

649
00:28:33,440 --> 00:28:34,600
Speaker 2: No, I want to know. I want to know, Like

650
00:28:34,680 --> 00:28:36,720
Speaker 2: everyone knows that I ended up in forty grand of

651
00:28:36,760 --> 00:28:39,400
Speaker 2: personal debt. It's no secret. Like, I don't think we

652
00:28:39,400 --> 00:28:42,120
Speaker 2: should judge past us on the decisions that we made

653
00:28:42,440 --> 00:28:45,240
Speaker 2: when we just didn't have the information that we deserved, right,

654
00:28:45,920 --> 00:28:46,640
Speaker 2: very true.

655
00:28:46,920 --> 00:28:50,240
Speaker 4: So I've always used consumer debt, but I feel like

656
00:28:50,280 --> 00:28:52,840
Speaker 4: I've used it to my advantage. Well, I mean debatable.

657
00:28:52,880 --> 00:28:56,240
Speaker 4: It got to a point where in COVID, obviously, when

658
00:28:56,280 --> 00:28:58,280
Speaker 4: I realized I was living paycheck to paycheck and we're

659
00:28:58,320 --> 00:29:00,640
Speaker 4: facing the fact that we might lose our jobs. All

660
00:29:00,640 --> 00:29:04,080
Speaker 4: these things were happening. That to me was the turning

661
00:29:04,080 --> 00:29:06,560
Speaker 4: point where I was like, Okay, let's start listening to

662
00:29:06,600 --> 00:29:09,479
Speaker 4: these podcast Let's get things in place. So leading up

663
00:29:09,480 --> 00:29:11,560
Speaker 4: to that point, I always racked up a credit card,

664
00:29:11,600 --> 00:29:15,400
Speaker 4: went traveling, came home, balanced, transferred, and paid it off.

665
00:29:15,880 --> 00:29:18,800
Speaker 4: So I never, in my entire life have paid interest

666
00:29:18,880 --> 00:29:21,840
Speaker 4: on a credit card, but I have always maxim out.

667
00:29:22,120 --> 00:29:23,040
Speaker 2: Yeah.

668
00:29:23,200 --> 00:29:26,880
Speaker 4: Yeah. When I came home to do my Masters, I

669
00:29:26,920 --> 00:29:28,959
Speaker 4: was in a bit of a bad car accident and

670
00:29:29,040 --> 00:29:30,520
Speaker 4: I had no money and I had to buy a

671
00:29:30,520 --> 00:29:32,640
Speaker 4: new car, and I wanted a brand new car because

672
00:29:32,640 --> 00:29:35,800
Speaker 4: I was really freaked out about security and stuff. So

673
00:29:35,840 --> 00:29:38,200
Speaker 4: I bought a fourteen thousand dollar card. Yeah, on my

674
00:29:38,440 --> 00:29:39,280
Speaker 4: credit card.

675
00:29:39,240 --> 00:29:40,400
Speaker 2: On your credit card?

676
00:29:40,960 --> 00:29:44,120
Speaker 4: Yeah, And then I balanced transferred it to a credit

677
00:29:44,160 --> 00:29:46,120
Speaker 4: card that had interest free for twelve months, and I

678
00:29:46,120 --> 00:29:47,480
Speaker 4: paid that off over twelve month.

679
00:29:47,560 --> 00:29:49,880
Speaker 2: Oh my gosh, she's a genius. She got the car

680
00:29:50,000 --> 00:29:53,400
Speaker 2: interest free. Okay, I mean I can't condone this because

681
00:29:53,400 --> 00:29:55,880
Speaker 2: I feel like it's a slippery slope, right Like, if

682
00:29:55,960 --> 00:29:58,400
Speaker 2: I did that, I know that I'd get in trouble.

683
00:29:58,560 --> 00:30:00,360
Speaker 2: But you did that and it worked out you And

684
00:30:00,360 --> 00:30:02,000
Speaker 2: that's why we're like, she's on the money because we

685
00:30:02,000 --> 00:30:04,280
Speaker 2: can learn. But one of the most important things that

686
00:30:04,320 --> 00:30:07,080
Speaker 2: we can do is learn what would work for us

687
00:30:07,120 --> 00:30:09,720
Speaker 2: and what wouldn't. And I know that wouldn't work for me,

688
00:30:09,800 --> 00:30:11,800
Speaker 2: but I'm low key a little bit jealous that it

689
00:30:11,880 --> 00:30:12,480
Speaker 2: worked out for you.

690
00:30:13,560 --> 00:30:16,360
Speaker 4: Yeah, So that was the first Probably people were calling

691
00:30:16,360 --> 00:30:18,000
Speaker 4: me an idiot, but it all worked out well.

692
00:30:18,040 --> 00:30:20,959
Speaker 2: Obviously you're like, yeah, idiot, but did you pay interest

693
00:30:21,000 --> 00:30:22,640
Speaker 2: on your car loan? That's what I thought.

694
00:30:23,560 --> 00:30:26,200
Speaker 4: That was my comeback every single time. Thank you, Victoria.

695
00:30:26,960 --> 00:30:29,680
Speaker 4: And so then when I got hyper focused on buying

696
00:30:29,680 --> 00:30:32,280
Speaker 4: a property, I actually had a broker laugh in my

697
00:30:32,360 --> 00:30:34,040
Speaker 4: face and tell me to come back in six months

698
00:30:34,040 --> 00:30:35,120
Speaker 4: when I actually had money.

699
00:30:35,280 --> 00:30:37,880
Speaker 2: Excuse me, you clearly didn't come to Zella money because

700
00:30:37,880 --> 00:30:42,160
Speaker 2: we would never No, I broke a laughed in your face.

701
00:30:42,240 --> 00:30:45,280
Speaker 2: That broker doesn't deserve their job by I know.

702
00:30:45,360 --> 00:30:48,400
Speaker 4: I obviously didn't use that broker. So I went directly

703
00:30:48,440 --> 00:30:50,640
Speaker 4: to my bank, where I'd been banking for twenty years

704
00:30:50,640 --> 00:30:52,360
Speaker 4: and I had a great relationship there. So I went

705
00:30:52,400 --> 00:30:54,480
Speaker 4: there and I said, be honest with me, and they

706
00:30:54,480 --> 00:30:55,920
Speaker 4: said the most you can borrow US two.

707
00:30:55,880 --> 00:30:58,800
Speaker 2: Hundred and forty thousand okay, And I went, okay, good

708
00:30:58,800 --> 00:30:59,000
Speaker 2: to know.

709
00:30:59,280 --> 00:31:02,000
Speaker 4: Yeah, So I went and got a personal loan for

710
00:31:02,080 --> 00:31:05,400
Speaker 4: twenty thousand dollars. And I came back three months later

711
00:31:05,400 --> 00:31:07,120
Speaker 4: and said, I've got a twenty thousand dollar post. I

712
00:31:07,120 --> 00:31:08,800
Speaker 4: want to buy a house for two hundred and forty

713
00:31:09,560 --> 00:31:12,400
Speaker 4: and they said yes, and I bought an apartment for

714
00:31:12,400 --> 00:31:13,800
Speaker 4: two hundred and forty thousand dollars.

715
00:31:14,000 --> 00:31:17,360
Speaker 2: Oh my god, you're giving me so much anxiety.

716
00:31:18,120 --> 00:31:19,200
Speaker 4: It was a lot of anxiety.

717
00:31:19,440 --> 00:31:21,000
Speaker 2: Like I don't mean to be rued, but you clearly

718
00:31:21,080 --> 00:31:23,960
Speaker 2: didn't have a financial advisor. I did not like, we

719
00:31:24,000 --> 00:31:25,160
Speaker 2: would not have let you do this.

720
00:31:25,960 --> 00:31:28,160
Speaker 4: I just wanted to be living in a house. Well

721
00:31:28,240 --> 00:31:30,320
Speaker 4: it was an apartment, let's be real, yep. And I

722
00:31:30,400 --> 00:31:32,640
Speaker 4: just wanted to be independent. I didn't want to rely

723
00:31:32,720 --> 00:31:34,880
Speaker 4: on anyone. I didn't want to borrow money It's probably

724
00:31:34,880 --> 00:31:37,720
Speaker 4: worth saying that I've never in my life borrowed money yep,

725
00:31:37,760 --> 00:31:40,400
Speaker 4: from my parents from a bank. Ever, so I borrowed

726
00:31:40,400 --> 00:31:42,840
Speaker 4: that money and it was on a seven year loan.

727
00:31:43,280 --> 00:31:45,560
Speaker 4: And then I got the mortgage obvious sleep and at

728
00:31:45,560 --> 00:31:47,840
Speaker 4: the same time, I was still traveling, so I still

729
00:31:47,920 --> 00:31:50,239
Speaker 4: was wracking up my credit card. And I got to

730
00:31:50,280 --> 00:31:52,720
Speaker 4: the point during COVID when everything blew up and went,

731
00:31:52,760 --> 00:31:54,360
Speaker 4: oh my god, what am I doing? Like, what if

732
00:31:54,360 --> 00:31:56,680
Speaker 4: something happened to me? I can't leave this for my family,

733
00:31:57,240 --> 00:32:00,520
Speaker 4: And so I took the baby step, you know, I

734
00:32:00,640 --> 00:32:02,800
Speaker 4: focused on one thing. I paid down the credit card first,

735
00:32:03,240 --> 00:32:06,280
Speaker 4: and I paid down the personal loan during COVID, So

736
00:32:06,360 --> 00:32:08,000
Speaker 4: I paid it off in three years.

737
00:32:08,040 --> 00:32:10,480
Speaker 2: I think, Okay, so you actually smashed it out, so

738
00:32:10,520 --> 00:32:13,440
Speaker 2: you've kind of proven to yourself you're able to save

739
00:32:13,520 --> 00:32:16,400
Speaker 2: in this capacity before. Yeah. Great.

740
00:32:17,040 --> 00:32:19,160
Speaker 4: And then I started focusing on the mortgage. And it

741
00:32:19,200 --> 00:32:21,720
Speaker 4: was at that point that I decided, Okay, I'm in

742
00:32:21,760 --> 00:32:23,560
Speaker 4: a great spot. Now I'm going to upgrade. So I

743
00:32:23,760 --> 00:32:26,320
Speaker 4: sold that apartment for three hundred thousand.

744
00:32:26,160 --> 00:32:30,080
Speaker 2: Oh my gosh, yeah, which is great money when yeah,

745
00:32:30,320 --> 00:32:31,000
Speaker 2: it was really good.

746
00:32:31,000 --> 00:32:33,000
Speaker 4: That was during COVID so I was twenty twenty one,

747
00:32:33,440 --> 00:32:36,200
Speaker 4: and then I bought my next place, which was the

748
00:32:36,240 --> 00:32:39,239
Speaker 4: biggest spend so far that I'd ever made. But it

749
00:32:39,280 --> 00:32:41,720
Speaker 4: was the dream place and it was beautiful and it

750
00:32:41,720 --> 00:32:43,880
Speaker 4: was in a nice suburb. So I bought that, and

751
00:32:44,000 --> 00:32:46,200
Speaker 4: I had no doubt at that point. So it took

752
00:32:46,240 --> 00:32:47,920
Speaker 4: me about a year or a year and a half

753
00:32:48,040 --> 00:32:50,200
Speaker 4: during COVID to really just get rid of all of that,

754
00:32:50,640 --> 00:32:53,240
Speaker 4: sell everything, and then start again. It was kind of

755
00:32:53,280 --> 00:32:55,960
Speaker 4: my pattern is just starting over.

756
00:32:56,320 --> 00:32:58,560
Speaker 2: I like it. But I'm also so impressed that that

757
00:32:58,600 --> 00:33:01,280
Speaker 2: worked out for you, because if that had gone backwards,

758
00:33:01,360 --> 00:33:03,520
Speaker 2: you would have been in a pickle, my friend.

759
00:33:04,040 --> 00:33:05,920
Speaker 4: And you know, I would have got laughed out of

760
00:33:05,920 --> 00:33:08,000
Speaker 4: any bank. Like at the time, I wanted to make

761
00:33:08,040 --> 00:33:10,200
Speaker 4: an investment at work, and I just had to scraunch

762
00:33:10,240 --> 00:33:12,720
Speaker 4: the money together because there was no way I was

763
00:33:12,720 --> 00:33:15,000
Speaker 4: getting any more lending from anyone like I was at

764
00:33:15,040 --> 00:33:17,320
Speaker 4: my CAP. I was still not on the best salary then,

765
00:33:17,880 --> 00:33:20,160
Speaker 4: and yeah, I just had to focus on clearing them

766
00:33:20,200 --> 00:33:22,720
Speaker 4: all and improving the credit score, doing all those things.

767
00:33:22,760 --> 00:33:23,920
Speaker 2: And you did it.

768
00:33:24,080 --> 00:33:24,680
Speaker 4: Yeah, I did it.

769
00:33:25,160 --> 00:33:27,720
Speaker 2: Oh my god, I'm so glad. I asked about debts

770
00:33:27,800 --> 00:33:28,080
Speaker 2: even tho.

771
00:33:28,080 --> 00:33:28,240
Speaker 4: Way.

772
00:33:28,240 --> 00:33:29,880
Speaker 2: I was like, I know she doesn't really have any

773
00:33:29,880 --> 00:33:32,440
Speaker 2: other debts, because that's the story I got.

774
00:33:32,920 --> 00:33:36,680
Speaker 4: Yes, Actually, I also had a very large HEX set.

775
00:33:37,320 --> 00:33:41,360
Speaker 4: It was fifteen five thousand dollars when I finished my Masters,

776
00:33:41,600 --> 00:33:44,520
Speaker 4: And I'm so dirty right now because I paid it

777
00:33:44,560 --> 00:33:46,080
Speaker 4: off last year.

778
00:33:46,360 --> 00:33:47,840
Speaker 2: Yeah, but I think that I might.

779
00:33:47,760 --> 00:33:50,080
Speaker 4: Get a credit anyway, because I did have a seventeen

780
00:33:50,120 --> 00:33:53,200
Speaker 4: thousand dollars debt at June first last year, Right, but

781
00:33:53,240 --> 00:33:56,200
Speaker 4: I paid it off and now everyone's getting a credit.

782
00:33:56,320 --> 00:33:59,720
Speaker 2: Wait, what date did you pay off your HEX.

783
00:33:59,600 --> 00:34:02,000
Speaker 4: I think it was November last year, was my last payment?

784
00:34:02,840 --> 00:34:06,479
Speaker 2: Right, Okay, you will probably get an indexation refund. Then

785
00:34:06,600 --> 00:34:08,400
Speaker 2: I was about to say, I've had a few people

786
00:34:08,440 --> 00:34:09,880
Speaker 2: message me and they go, am I going to get

787
00:34:09,920 --> 00:34:12,640
Speaker 2: a refund because I paid off my HEX step because

788
00:34:12,640 --> 00:34:14,400
Speaker 2: I didn't want to get indexed. I'm like, no, no, no,

789
00:34:14,440 --> 00:34:17,200
Speaker 2: they're giving refunds to the people that were index Like,

790
00:34:17,239 --> 00:34:19,560
Speaker 2: you're not going to get a refund. But if you

791
00:34:19,719 --> 00:34:23,279
Speaker 2: then were paying from the first of July to November

792
00:34:23,880 --> 00:34:26,360
Speaker 2: the index rate of it was seven point one percent,

793
00:34:26,680 --> 00:34:29,680
Speaker 2: that will probably be refunded to you, but it will

794
00:34:29,719 --> 00:34:30,960
Speaker 2: be refunded via your.

795
00:34:30,880 --> 00:34:32,880
Speaker 4: Tax return, which is fine.

796
00:34:33,040 --> 00:34:35,800
Speaker 2: I mean free money, like money you didn't think was

797
00:34:35,840 --> 00:34:37,840
Speaker 2: going to come your way. I mean it's nice, So

798
00:34:38,040 --> 00:34:41,000
Speaker 2: thank you very much. I'm looking forward to that because

799
00:34:41,040 --> 00:34:42,919
Speaker 2: I was one of the people that didn't pay off

800
00:34:42,960 --> 00:34:44,920
Speaker 2: anymore if my hex dex. I looked at my HEX

801
00:34:45,000 --> 00:34:47,640
Speaker 2: and I said, look, seven point one percent is really high.

802
00:34:47,640 --> 00:34:50,360
Speaker 2: But also my mortgage is increasing, and I'd much prefer

803
00:34:51,080 --> 00:34:54,040
Speaker 2: to be creating wealth still knowing full well that my

804
00:34:54,080 --> 00:34:56,000
Speaker 2: HEX will just tick away in the background, and I

805
00:34:56,080 --> 00:34:57,960
Speaker 2: know that it's more money, but at the end of

806
00:34:58,000 --> 00:35:00,600
Speaker 2: the day, like my mortgage could go up again, because

807
00:35:00,680 --> 00:35:03,759
Speaker 2: I mean it's tumultuous times, right, And now I'm like, hey,

808
00:35:03,800 --> 00:35:05,759
Speaker 2: that was a good decision because now that's seven one

809
00:35:05,760 --> 00:35:07,719
Speaker 2: percent is going to get refunded and I'd love to

810
00:35:07,800 --> 00:35:08,160
Speaker 2: see it.

811
00:35:08,800 --> 00:35:11,160
Speaker 4: Yeah, And you know, I would also say to someone

812
00:35:11,560 --> 00:35:13,800
Speaker 4: like I would not have paid off that HEX set

813
00:35:14,040 --> 00:35:15,799
Speaker 4: if it weren't for the fact that I bought my

814
00:35:15,960 --> 00:35:19,640
Speaker 4: current place last year, because it was affecting my borrowing power.

815
00:35:19,680 --> 00:35:22,759
Speaker 4: I was in mortgage prison, and that's the only reason

816
00:35:22,760 --> 00:35:25,040
Speaker 4: I paid it off, Like, honestly, just let it come

817
00:35:25,040 --> 00:35:27,440
Speaker 4: out of your pay Like there's no point paying it before.

818
00:35:27,239 --> 00:35:29,840
Speaker 2: You mortgage, Yeah, unless you've got a good reason. But

819
00:35:29,920 --> 00:35:32,080
Speaker 2: I also feel like, do the maths work it out?

820
00:35:32,320 --> 00:35:35,040
Speaker 2: Chat to a broker, because I have had people come

821
00:35:35,040 --> 00:35:38,359
Speaker 2: through Zella money before and they have paid off their

822
00:35:38,400 --> 00:35:40,560
Speaker 2: hecks because they thought that's what we would want them

823
00:35:40,560 --> 00:35:43,560
Speaker 2: to do, And in reality, we would have much preferred

824
00:35:43,600 --> 00:35:46,200
Speaker 2: to have that thirty thousand dollars as a bigger deposit

825
00:35:46,640 --> 00:35:48,440
Speaker 2: because now they had to go back to the drawing

826
00:35:48,440 --> 00:35:50,640
Speaker 2: board and save for you know, six more months to

827
00:35:50,680 --> 00:35:53,520
Speaker 2: get back to where they wanted to be. Whereas a

828
00:35:53,520 --> 00:35:55,960
Speaker 2: lot of banks are quite lenient when it comes to,

829
00:35:56,239 --> 00:35:58,760
Speaker 2: you know, considering your hex because they just go, well,

830
00:35:58,800 --> 00:36:00,719
Speaker 2: that's a good debt, Like I don't see it like

831
00:36:00,760 --> 00:36:04,640
Speaker 2: credit card debt or personal loans. So good to talk

832
00:36:04,640 --> 00:36:06,759
Speaker 2: to someone before you make a big decision like that,

833
00:36:06,800 --> 00:36:09,360
Speaker 2: because it is a big decision about a lot of money, right.

834
00:36:09,880 --> 00:36:13,160
Speaker 4: Yeah, And it hurt, like to pay seventeen thousand.

835
00:36:12,960 --> 00:36:15,040
Speaker 2: Yeah, all at once. Yeah, And they don't even send

836
00:36:15,080 --> 00:36:16,880
Speaker 2: you like a thank you note, like what the hecking?

837
00:36:17,239 --> 00:36:19,839
Speaker 2: Like I just gave you seventeen grand, like you could

838
00:36:19,880 --> 00:36:21,239
Speaker 2: at least buy me a coffee?

839
00:36:21,719 --> 00:36:23,799
Speaker 4: Yeah, I know. And the brokers are like, can you

840
00:36:23,840 --> 00:36:26,120
Speaker 4: print out a statement proving it. I don't believe you.

841
00:36:26,480 --> 00:36:29,359
Speaker 2: Oh excuse me. I'm so glad you didn't use those

842
00:36:29,360 --> 00:36:32,759
Speaker 2: brokers straight into the bin? All right, money dirist, I

843
00:36:32,800 --> 00:36:34,400
Speaker 2: want to know. I feel like we've got heaps to

844
00:36:34,520 --> 00:36:36,360
Speaker 2: learn from you. What's your best money have it?

845
00:36:36,800 --> 00:36:40,160
Speaker 4: I think that when I have a goal in my mind,

846
00:36:40,320 --> 00:36:42,759
Speaker 4: I'm very good at putting money towards it.

847
00:36:43,000 --> 00:36:45,080
Speaker 2: I think so too, Like I have learned a lot

848
00:36:45,120 --> 00:36:47,560
Speaker 2: in this last half an hour. I feel like, when

849
00:36:47,640 --> 00:36:49,440
Speaker 2: you want to achieve something, we're doing it, but we're

850
00:36:49,440 --> 00:36:51,400
Speaker 2: like doing it twice for sure.

851
00:36:51,800 --> 00:36:54,040
Speaker 4: I don't know how I got that. It's obviously something

852
00:36:54,040 --> 00:36:56,000
Speaker 4: I'm focusing on a lot more because I did get

853
00:36:56,040 --> 00:36:58,040
Speaker 4: to that point where I got a little bit unraveled.

854
00:36:58,560 --> 00:37:00,799
Speaker 4: But obviously I was able to grow my salary, which

855
00:37:00,920 --> 00:37:01,760
Speaker 4: was handy.

856
00:37:02,320 --> 00:37:04,360
Speaker 2: And sometimes we've got to get a little bit unraveled,

857
00:37:04,400 --> 00:37:05,960
Speaker 2: so we know what that feels like, so that we

858
00:37:05,960 --> 00:37:07,680
Speaker 2: don't do it again, for sure.

859
00:37:07,800 --> 00:37:10,640
Speaker 4: But yeah, that would probably be fairly good money have it.

860
00:37:10,680 --> 00:37:12,880
Speaker 4: I'm a little bit too generous.

861
00:37:12,960 --> 00:37:15,200
Speaker 2: I think sometimes that's not a bad thing. I think

862
00:37:15,239 --> 00:37:18,160
Speaker 2: that's a kind thing, Like not the end of the world.

863
00:37:18,200 --> 00:37:20,000
Speaker 2: Would you say that's your worst money have it?

864
00:37:20,400 --> 00:37:23,720
Speaker 4: Yeah, because I'm on the cusp of, you know, fiercely

865
00:37:23,800 --> 00:37:26,160
Speaker 4: saving but then also wanting to live my life. I

866
00:37:26,200 --> 00:37:29,160
Speaker 4: am a bit of a splurge spender, and especially when

867
00:37:29,200 --> 00:37:32,360
Speaker 4: it comes to health, like, I will try anything once,

868
00:37:32,520 --> 00:37:36,160
Speaker 4: Like I'll try every specialist. I will try the new treatments.

869
00:37:36,239 --> 00:37:39,200
Speaker 4: I love a good steam room, I love a sauna.

870
00:37:39,360 --> 00:37:43,160
Speaker 2: Oh who doesn't a little bit lucks? I mean, you

871
00:37:43,480 --> 00:37:45,279
Speaker 2: have a high income at the end of the day,

872
00:37:45,320 --> 00:37:47,520
Speaker 2: and you don't have any kids, and you already have

873
00:37:47,560 --> 00:37:50,480
Speaker 2: a mortgage. I feel like you deserve the facial you know, yes,

874
00:37:50,680 --> 00:37:53,400
Speaker 2: thank you, you definitely deserve it. So you're a bit

875
00:37:53,440 --> 00:37:55,680
Speaker 2: of a splurge spender. Has that gotten in the way

876
00:37:55,719 --> 00:37:56,360
Speaker 2: of your saving?

877
00:37:56,600 --> 00:37:59,920
Speaker 4: Sometimes? Yeah, for sure. And it's usually a trip. Like

878
00:38:00,120 --> 00:38:03,360
Speaker 4: usually someone goes, oh, like, do you want to maybe

879
00:38:03,360 --> 00:38:04,440
Speaker 4: go to Fiji for a week?

880
00:38:04,480 --> 00:38:06,680
Speaker 2: And I'll be like, okay, shure, well, yes, obviously I

881
00:38:06,719 --> 00:38:08,440
Speaker 2: want to go to Fiji for a week. Who you

882
00:38:08,560 --> 00:38:09,040
Speaker 2: are asking?

883
00:38:10,239 --> 00:38:13,399
Speaker 4: I know, And I will definitely prioritize things like that

884
00:38:13,520 --> 00:38:16,719
Speaker 4: over a goal that can change that I'm flexible with

885
00:38:17,040 --> 00:38:17,439
Speaker 4: for sure.

886
00:38:17,719 --> 00:38:20,520
Speaker 2: Fair all right, at the start of this episode, you

887
00:38:20,560 --> 00:38:22,239
Speaker 2: told me that you think you're a B plus. Like,

888
00:38:22,880 --> 00:38:24,920
Speaker 2: I'm going to argue with you because I think you're

889
00:38:24,960 --> 00:38:27,319
Speaker 2: way better than a B plus, Like you are killing it.

890
00:38:27,880 --> 00:38:31,279
Speaker 2: But reflecting on everything that we've spoken about, do you

891
00:38:31,360 --> 00:38:33,839
Speaker 2: think that you are still at a B plus? If so,

892
00:38:34,640 --> 00:38:36,920
Speaker 2: tell me why if not, What is it going to

893
00:38:36,920 --> 00:38:38,600
Speaker 2: take to get to that A plus? What does that

894
00:38:38,680 --> 00:38:39,080
Speaker 2: look like?

895
00:38:39,600 --> 00:38:41,720
Speaker 4: In my head, It's okay to be a B plus

896
00:38:41,760 --> 00:38:45,080
Speaker 4: because the A plus means that I'm having to sacrifice

897
00:38:45,080 --> 00:38:47,080
Speaker 4: a little bit more, which I don't think I'm willing

898
00:38:47,120 --> 00:38:50,040
Speaker 4: to do. I'm okay with being a bit spendy here

899
00:38:50,080 --> 00:38:52,480
Speaker 4: and there if it means, you know, life is more enjoyable,

900
00:38:52,480 --> 00:38:55,080
Speaker 4: a little bit fun along the way. So I think

901
00:38:55,120 --> 00:38:58,240
Speaker 4: I'm comfortable being a B plus. Maybe if the years,

902
00:38:59,080 --> 00:39:01,000
Speaker 4: you know, get a bit easy, yeah, I'll save a

903
00:39:01,000 --> 00:39:04,239
Speaker 4: little bit more and try and own a bit more money. Maybe.

904
00:39:04,239 --> 00:39:04,640
Speaker 4: I don't know.

905
00:39:04,920 --> 00:39:06,880
Speaker 2: Nah, I disagree. I think you're more of an A,

906
00:39:07,040 --> 00:39:09,359
Speaker 2: and you're an A because of that mindset, because you're

907
00:39:09,400 --> 00:39:12,080
Speaker 2: so aware that you want to still live life and

908
00:39:12,239 --> 00:39:15,160
Speaker 2: find that balance. And I think that money can be

909
00:39:15,360 --> 00:39:18,600
Speaker 2: overwhelming and all consuming, and that you know a lot

910
00:39:18,600 --> 00:39:21,200
Speaker 2: of people assume that an A plus person has no fun,

911
00:39:21,680 --> 00:39:24,160
Speaker 2: Like I would argue that someone who's really really good

912
00:39:24,160 --> 00:39:28,120
Speaker 2: at money actually understands that they have emotional and lifestyle

913
00:39:28,200 --> 00:39:32,160
Speaker 2: needs in addition to just hoarding cash in the bank, right,

914
00:39:32,400 --> 00:39:35,439
Speaker 2: Like I would actually say that somebody who holds cash

915
00:39:35,480 --> 00:39:37,799
Speaker 2: in the bank and money gives them anxiety, but they

916
00:39:37,800 --> 00:39:40,320
Speaker 2: save every single dollar. They're maybe not an A plus

917
00:39:40,360 --> 00:39:43,719
Speaker 2: because they're not where they need to be, right yeah, fair,

918
00:39:43,920 --> 00:39:45,640
Speaker 2: but each to their own. And I mean, if you're

919
00:39:45,680 --> 00:39:48,080
Speaker 2: saying that you're still a B plus and you're happy there, like,

920
00:39:48,120 --> 00:39:50,600
Speaker 2: who am I to disagree if you're still working towards

921
00:39:50,600 --> 00:39:52,839
Speaker 2: your goals? Like, I don't even want to argue with

922
00:39:52,880 --> 00:39:54,640
Speaker 2: you right now. I just want to talk more about

923
00:39:54,640 --> 00:39:57,719
Speaker 2: property and how you mastered the credit card balance transfer game.

924
00:39:57,840 --> 00:39:59,880
Speaker 2: Like to me, that's blowing my mind.

925
00:40:00,760 --> 00:40:02,320
Speaker 4: Yeah, it does affect your credit score.

926
00:40:02,719 --> 00:40:04,960
Speaker 2: Yeah, look it does. And it's definitely a do as

927
00:40:04,960 --> 00:40:06,919
Speaker 2: I say, not as I do kind of thing. We're

928
00:40:06,960 --> 00:40:09,120
Speaker 2: just sharing this so that you can learn from our

929
00:40:09,160 --> 00:40:12,759
Speaker 2: money direst not necessarily replicate her behavior, but I mean,

930
00:40:12,800 --> 00:40:15,200
Speaker 2: you do you with the right tools and resources, right

931
00:40:15,840 --> 00:40:19,000
Speaker 2: for sure, money Direst it has been an absolute pleasure

932
00:40:19,040 --> 00:40:21,319
Speaker 2: having a chat with you. Unfortunately, that is all we

933
00:40:21,440 --> 00:40:23,560
Speaker 2: have time for today, but thank you for letting me

934
00:40:23,560 --> 00:40:25,960
Speaker 2: share your story with the community. They are going to

935
00:40:26,000 --> 00:40:28,359
Speaker 2: love it. And your friend that bullied you into coming

936
00:40:28,400 --> 00:40:30,920
Speaker 2: on the show, I thank her because this was so

937
00:40:30,920 --> 00:40:31,640
Speaker 2: so worth it.

938
00:40:31,680 --> 00:40:32,560
Speaker 4: She'll appreciate that.

939
00:40:32,760 --> 00:40:41,799
Speaker 2: I love that the advice shared on She's on the

940
00:40:41,840 --> 00:40:44,600
Speaker 2: Money is general in nature and does not consider your

941
00:40:44,600 --> 00:40:49,000
Speaker 2: individual circumstances. She's on the Money exists purely for educational

942
00:40:49,080 --> 00:40:51,560
Speaker 2: purposes and should not be relied upon to make an

943
00:40:51,560 --> 00:40:54,839
Speaker 2: investment or financial decision. If you do choose to buy

944
00:40:54,880 --> 00:40:56,160
Speaker 2: a financial product.

945
00:40:55,960 --> 00:40:59,799
Speaker 5: Read the PDS TMD and obtain appropriate financial advice.

946
00:40:59,520 --> 00:41:00,920
Speaker 2: Tailored towards your needs.

947
00:41:01,239 --> 00:41:05,160
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

948
00:41:05,200 --> 00:41:07,680
Speaker 5: of money. Sheper p T y L t D A

949
00:41:07,680 --> 00:41:10,600
Speaker 5: b N three two one six four nine two seven

950
00:41:10,719 --> 00:41:13,560
Speaker 5: seven zero eight a F s L four five one

951
00:41:13,760 --> 00:41:15,320
Speaker 5: two eight nine