1 00:00:00,200 --> 00:00:02,000 Speaker 1: She's on the Money. 2 00:00:02,160 --> 00:00:11,200 Speaker 2: She's on the Money. 3 00:00:23,160 --> 00:00:26,160 Speaker 3: Hello, and welcome to She's on the Money, the podcast 4 00:00:26,200 --> 00:00:30,319 Speaker 3: for millennials who want financial freedom. My name is Tony Lodge, 5 00:00:30,360 --> 00:00:34,080 Speaker 3: and joining me for another shotback Money Diary is Victoria Devine. 6 00:00:34,320 --> 00:00:36,800 Speaker 4: Hello, Hello, my friend. How are you? 7 00:00:37,400 --> 00:00:37,920 Speaker 1: I'm good? 8 00:00:38,000 --> 00:00:40,200 Speaker 2: Thank you. I'm very excited about this money Diary. 9 00:00:40,280 --> 00:00:41,760 Speaker 1: As always, I don't know. 10 00:00:41,720 --> 00:00:44,840 Speaker 4: What it's about yet, Tony, you always keep the goods 11 00:00:44,880 --> 00:00:47,680 Speaker 4: to yourself until it's almost too late. I do. 12 00:00:48,080 --> 00:00:49,479 Speaker 2: But do you want me to read the email? 13 00:00:49,920 --> 00:00:51,920 Speaker 4: I really want you to read the email out. Let's 14 00:00:52,000 --> 00:00:53,000 Speaker 4: go all. 15 00:00:52,960 --> 00:00:53,639 Speaker 2: Right, here we go. 16 00:00:54,240 --> 00:00:57,960 Speaker 3: After my eleven year relationship ended January twenty twenty, I 17 00:00:58,040 --> 00:01:00,400 Speaker 3: did up and sold our home while still living in 18 00:01:00,440 --> 00:01:02,880 Speaker 3: it with my ex, took my profit and my dog, 19 00:01:02,960 --> 00:01:04,040 Speaker 3: and started fresh. 20 00:01:04,160 --> 00:01:06,440 Speaker 2: For the first time ever. I learned to budget. 21 00:01:06,640 --> 00:01:09,360 Speaker 3: I saved all the money needed to move without dipping 22 00:01:09,360 --> 00:01:10,080 Speaker 3: into savings. 23 00:01:10,200 --> 00:01:12,560 Speaker 4: Oh that's actually really impressive. 24 00:01:13,319 --> 00:01:16,160 Speaker 3: I invested in an American Classic car and am saving 25 00:01:16,200 --> 00:01:19,440 Speaker 3: to have financial security while I transitioned to director of 26 00:01:19,480 --> 00:01:22,840 Speaker 3: the family business solo and buy my own industrial SHD. 27 00:01:23,080 --> 00:01:25,800 Speaker 4: This is not where I saw that email going when 28 00:01:25,959 --> 00:01:27,600 Speaker 4: you said, oh it broke up with my partner of 29 00:01:27,600 --> 00:01:30,000 Speaker 4: eleven years. I was like, okay, cool, Like no, this 30 00:01:30,080 --> 00:01:31,440 Speaker 4: is a hustler. I love this. 31 00:01:32,040 --> 00:01:34,160 Speaker 3: She's living her best life and we have her on 32 00:01:34,200 --> 00:01:37,200 Speaker 3: the phone at the moment. Hello money, Diaris, you didn't. 33 00:01:37,000 --> 00:01:39,720 Speaker 4: Even need your partner. I love that. 34 00:01:40,040 --> 00:01:42,680 Speaker 3: Well, apparently the partner was weighing you down, is what 35 00:01:42,720 --> 00:01:43,240 Speaker 3: I'm hearing. 36 00:01:43,840 --> 00:01:50,040 Speaker 4: Feel like it. So let's get straight into a money dirry. 37 00:01:50,200 --> 00:01:52,880 Speaker 4: As always, We've got some structured questions and then I 38 00:01:52,920 --> 00:01:55,040 Speaker 4: have some perfect questions that I'm going to want to 39 00:01:55,120 --> 00:01:58,640 Speaker 4: ask you at the end. So first things first, what 40 00:01:58,880 --> 00:02:00,800 Speaker 4: is your attitude awards money? 41 00:02:01,760 --> 00:02:07,279 Speaker 5: My attitude towards money is a combination of security and freedom. 42 00:02:07,480 --> 00:02:11,320 Speaker 5: So if I have money, I have security to know 43 00:02:11,400 --> 00:02:14,120 Speaker 5: that I can get myself out of trouble, I can 44 00:02:14,160 --> 00:02:15,960 Speaker 5: take care of my pet, I can make sure I 45 00:02:15,960 --> 00:02:18,880 Speaker 5: have a roof over my head, and I have the 46 00:02:18,960 --> 00:02:21,400 Speaker 5: freedom to make whatever choices I want to make. 47 00:02:22,120 --> 00:02:24,600 Speaker 4: I love that and I feel like that's so important 48 00:02:24,720 --> 00:02:27,880 Speaker 4: as well. Has that been something that you've always had 49 00:02:27,960 --> 00:02:30,400 Speaker 4: or is that a new found view of money or 50 00:02:30,480 --> 00:02:32,840 Speaker 4: is this just something that's been ingrained in your money 51 00:02:32,880 --> 00:02:34,000 Speaker 4: story from the beginning. 52 00:02:35,600 --> 00:02:39,000 Speaker 5: I think a bit of a combination. So I work 53 00:02:39,080 --> 00:02:42,560 Speaker 5: for my family business. My dad has worked ridiculously hard 54 00:02:42,639 --> 00:02:45,960 Speaker 5: my whole life, so I was always used to knowing 55 00:02:46,000 --> 00:02:49,600 Speaker 5: that money was always there. So but the money allowed 56 00:02:49,680 --> 00:02:52,040 Speaker 5: us to have the life we had, but it meant 57 00:02:52,040 --> 00:02:54,160 Speaker 5: working hard to be able to afford to have that. 58 00:02:54,720 --> 00:02:57,919 Speaker 5: But at the same time, the security probably only came 59 00:02:57,960 --> 00:02:59,919 Speaker 5: for me when I was in my twenties. I moved 60 00:03:00,080 --> 00:03:03,280 Speaker 5: to the UK, and there were loads of times like 61 00:03:03,320 --> 00:03:05,240 Speaker 5: I was only legally supposed to be working for a 62 00:03:05,240 --> 00:03:07,880 Speaker 5: small period of time, so I was Yeah. 63 00:03:07,720 --> 00:03:08,720 Speaker 4: I been a bit cheeky. 64 00:03:08,800 --> 00:03:10,760 Speaker 1: I had to make Yeah, been a bit cheeky, and 65 00:03:10,800 --> 00:03:11,919 Speaker 1: I needed There were times. 66 00:03:11,800 --> 00:03:14,399 Speaker 5: When I run out of money and I remember being 67 00:03:14,440 --> 00:03:17,600 Speaker 5: in taxis and going out for the night and only 68 00:03:17,639 --> 00:03:19,880 Speaker 5: having like five pounds going. I don't know how I'm 69 00:03:19,880 --> 00:03:21,560 Speaker 5: going to get myself home, but I'm going to go 70 00:03:21,600 --> 00:03:22,880 Speaker 5: and live my best life anyway. 71 00:03:23,800 --> 00:03:27,720 Speaker 1: Oh, I remember being that. I think the nail and 72 00:03:27,800 --> 00:03:30,640 Speaker 1: the coffin was. I was in London. I worked in 73 00:03:30,639 --> 00:03:31,280 Speaker 1: the music industry. 74 00:03:31,280 --> 00:03:33,040 Speaker 5: I was in London and I had to try and 75 00:03:33,080 --> 00:03:36,000 Speaker 5: get myself back to where I lived, which was like 76 00:03:36,560 --> 00:03:40,560 Speaker 5: two hours train ride away, and I literally had one 77 00:03:40,880 --> 00:03:43,840 Speaker 5: train ticket and I didn't know what trains I was 78 00:03:43,880 --> 00:03:45,880 Speaker 5: supposed to get on, and I have five pounds in 79 00:03:45,880 --> 00:03:47,480 Speaker 5: my purse and I had to figure out how to 80 00:03:47,480 --> 00:03:50,720 Speaker 5: get home. And I think the fear of running out 81 00:03:50,720 --> 00:03:53,640 Speaker 5: of money just scared the hell out of me, and 82 00:03:53,680 --> 00:03:56,840 Speaker 5: it stuck ever since. So I always like to see 83 00:03:57,120 --> 00:03:58,560 Speaker 5: X amount of money in my account. 84 00:03:58,920 --> 00:04:01,360 Speaker 1: It's obsessive, but. 85 00:04:01,360 --> 00:04:04,320 Speaker 4: That is okay because I feel like you've learnt from 86 00:04:04,320 --> 00:04:07,000 Speaker 4: that experience. And it's funny because I've actually heard that 87 00:04:07,160 --> 00:04:10,160 Speaker 4: from a number of people that there's this point in 88 00:04:10,320 --> 00:04:13,160 Speaker 4: time where it was the line in the sand. It 89 00:04:13,280 --> 00:04:15,320 Speaker 4: was then I'm going to learn how to budget, or 90 00:04:15,360 --> 00:04:17,240 Speaker 4: I'm going to change the way I'm doing this. I 91 00:04:17,240 --> 00:04:20,359 Speaker 4: can't keep doing this, because I'm sure it wasn't the 92 00:04:20,400 --> 00:04:22,880 Speaker 4: first time that you'd had five pounds in your person. 93 00:04:23,200 --> 00:04:25,640 Speaker 4: You went out and found your way home, but there's 94 00:04:25,680 --> 00:04:29,279 Speaker 4: always this line in the sand right where you're like, oh, away, 95 00:04:29,320 --> 00:04:32,279 Speaker 4: this can't keep happening. This is too stressful or too much, 96 00:04:32,400 --> 00:04:35,400 Speaker 4: or something has changed and I need to get it together. 97 00:04:35,920 --> 00:04:36,200 Speaker 1: Yeah. 98 00:04:36,279 --> 00:04:38,440 Speaker 5: Well that was a really long time ago, and I 99 00:04:38,480 --> 00:04:39,719 Speaker 5: still didn't learn how to budget. 100 00:04:39,760 --> 00:04:40,200 Speaker 1: After that. 101 00:04:40,560 --> 00:04:43,440 Speaker 5: I just made sure I didn't spend money like I 102 00:04:43,560 --> 00:04:44,680 Speaker 5: just had more money. 103 00:04:45,000 --> 00:04:45,960 Speaker 1: I just had more money. 104 00:04:46,080 --> 00:04:48,440 Speaker 5: I was just like, I'll just stop buying stuff and 105 00:04:48,480 --> 00:04:50,600 Speaker 5: make sure that this money stays where it is. 106 00:04:51,160 --> 00:04:53,960 Speaker 1: And then yeah, that was it. 107 00:04:54,120 --> 00:04:56,000 Speaker 5: The fear of not being able to get home and 108 00:04:56,560 --> 00:04:58,080 Speaker 5: being secure and knowing I. 109 00:04:58,040 --> 00:05:01,400 Speaker 1: Could do what I wanted to do. It changed everything. 110 00:05:02,080 --> 00:05:05,120 Speaker 4: Okay, so what do you do for work and how 111 00:05:05,200 --> 00:05:06,799 Speaker 4: much money do you earn? 112 00:05:07,920 --> 00:05:11,560 Speaker 1: I'm an electrician, I'm not really fool. 113 00:05:12,279 --> 00:05:18,520 Speaker 5: Yeah, I'm actually now also a company director and I 114 00:05:18,560 --> 00:05:21,839 Speaker 5: currently earn ninety thousand plus vehicles on a phone. 115 00:05:22,400 --> 00:05:27,839 Speaker 3: Whoa very awesome. Yeah, so is that working with your family? 116 00:05:28,480 --> 00:05:31,480 Speaker 1: Yeah, that's smoking of my family, and. 117 00:05:31,360 --> 00:05:33,719 Speaker 2: You're about to become the director of that business. 118 00:05:33,800 --> 00:05:34,359 Speaker 1: Is that right? 119 00:05:34,839 --> 00:05:37,880 Speaker 5: As of July first, I'm co director of the company. 120 00:05:38,440 --> 00:05:45,200 Speaker 4: Oh, she's fancy. How Like? I obviously run a business, 121 00:05:45,200 --> 00:05:47,240 Speaker 4: but I don't do that with my family. I think 122 00:05:47,279 --> 00:05:49,159 Speaker 4: I would go up the hall. How do you manage that? 123 00:05:49,320 --> 00:05:49,760 Speaker 4: My friend? 124 00:05:50,360 --> 00:05:52,680 Speaker 1: Well, it's really easy when it's just me and my dad. 125 00:05:52,760 --> 00:05:55,760 Speaker 5: It was harder when actually that exit I broke up 126 00:05:55,760 --> 00:05:58,760 Speaker 5: with last year. He and I also used to work together. 127 00:06:00,200 --> 00:06:04,159 Speaker 5: These days, it seems easier. My dad is incredibly relaxed, 128 00:06:04,279 --> 00:06:05,520 Speaker 5: so he makes it easy. 129 00:06:06,360 --> 00:06:09,719 Speaker 4: Yeah, that is so nice. I feel like my parents 130 00:06:09,760 --> 00:06:12,640 Speaker 4: would be that way. But sorry, Alex, I feel like 131 00:06:12,680 --> 00:06:15,159 Speaker 4: if my sister and I went into business together, we'd 132 00:06:15,160 --> 00:06:17,680 Speaker 4: just revert to being that thirteen and sixteen year old 133 00:06:17,680 --> 00:06:19,320 Speaker 4: who wanted to bite each other's head off. 134 00:06:19,800 --> 00:06:21,719 Speaker 2: I don't think there's a lot of sisters that could 135 00:06:21,760 --> 00:06:21,960 Speaker 2: do it. 136 00:06:23,160 --> 00:06:26,159 Speaker 4: I'm not those sisters, Like I love her dearly now, 137 00:06:26,480 --> 00:06:28,280 Speaker 4: but like that's how it would go if we went 138 00:06:28,320 --> 00:06:29,200 Speaker 4: into business together. 139 00:06:29,279 --> 00:06:32,000 Speaker 5: I feel, yeah, my I don't have anything to do 140 00:06:32,040 --> 00:06:33,279 Speaker 5: with the company business. 141 00:06:33,440 --> 00:06:38,400 Speaker 4: I'm not how we go out, but we don't love you. 142 00:06:38,680 --> 00:06:40,720 Speaker 4: It's that we love you too much. 143 00:06:40,600 --> 00:06:42,479 Speaker 1: If we love you from a distance. 144 00:06:45,279 --> 00:06:48,119 Speaker 4: All right, money, Diaris, Do you currently have a big 145 00:06:48,279 --> 00:06:48,960 Speaker 4: money goal? 146 00:06:49,839 --> 00:06:50,320 Speaker 1: I do. 147 00:06:51,440 --> 00:06:53,839 Speaker 5: Last year I declared I was going to save one 148 00:06:53,920 --> 00:06:58,280 Speaker 5: hundred thousand dollars for a deposit, and I decided that 149 00:06:58,560 --> 00:06:59,800 Speaker 5: I wanted to buy an industrial. 150 00:07:00,880 --> 00:07:04,440 Speaker 1: Yes, yeah, I figure I can live anywhere, but. 151 00:07:04,400 --> 00:07:07,040 Speaker 5: A lot of my customers are based in a certain spot, 152 00:07:07,360 --> 00:07:09,720 Speaker 5: so if I can keep my work roaders, I can 153 00:07:09,760 --> 00:07:10,360 Speaker 5: live anywhere. 154 00:07:10,360 --> 00:07:10,720 Speaker 1: I like. 155 00:07:11,440 --> 00:07:14,360 Speaker 4: Oh, I love that, And how are you tracking for 156 00:07:14,440 --> 00:07:14,920 Speaker 4: that goal? 157 00:07:15,400 --> 00:07:16,520 Speaker 1: I'm at the halfway mark. 158 00:07:17,120 --> 00:07:22,000 Speaker 2: Oh already yeah, so fifty grand yeah. 159 00:07:21,800 --> 00:07:27,760 Speaker 4: Oh god, congratulations, thanks What a hustler. I thought you 160 00:07:27,760 --> 00:07:31,160 Speaker 4: were going to say, yeah, like we're getting there, like no, halfway, 161 00:07:31,520 --> 00:07:32,320 Speaker 4: oh halfway. 162 00:07:33,040 --> 00:07:33,400 Speaker 1: Yeah. 163 00:07:33,480 --> 00:07:37,760 Speaker 5: Last year, when I were my household, I decided, I 164 00:07:37,800 --> 00:07:39,679 Speaker 5: was like, I want to I'm going to buy something 165 00:07:39,680 --> 00:07:41,560 Speaker 5: and I'm going to put down a damn big deposit 166 00:07:41,600 --> 00:07:43,560 Speaker 5: for that. And a friends of mine were like, you know, 167 00:07:43,600 --> 00:07:45,920 Speaker 5: one hundred thousands a lot of money. I'm like, yep, 168 00:07:45,960 --> 00:07:46,920 Speaker 5: I'm coming for it. 169 00:07:47,560 --> 00:07:51,360 Speaker 4: Yes you are, and you're already halfway there. And I 170 00:07:51,440 --> 00:07:54,600 Speaker 4: love that this story has already gone from like yeah, sorry, 171 00:07:54,600 --> 00:07:56,680 Speaker 4: there was this time that I had five pounds in 172 00:07:56,720 --> 00:07:58,960 Speaker 4: my purse and that was literally it to like me 173 00:07:59,280 --> 00:08:02,320 Speaker 4: just a casual fifty g's sitting in my account. And 174 00:08:02,400 --> 00:08:07,680 Speaker 4: also I only recently decided to start saving that, all right. 175 00:08:07,920 --> 00:08:11,600 Speaker 4: Next question, do you currently have any investments? 176 00:08:12,160 --> 00:08:13,760 Speaker 1: I This one's funny. 177 00:08:13,840 --> 00:08:17,880 Speaker 5: I actually have a little bit in spaceship, but my 178 00:08:18,000 --> 00:08:21,080 Speaker 5: dad has been doing share trading since oh the early 179 00:08:21,120 --> 00:08:26,600 Speaker 5: two thousands, so sorry, my dad's been doing shared trading 180 00:08:26,800 --> 00:08:30,240 Speaker 5: since the early two thousands. So I've actually had my 181 00:08:30,320 --> 00:08:33,560 Speaker 5: eye on a certain stock for the past month. 182 00:08:34,480 --> 00:08:38,280 Speaker 4: Also, I was going to dive bulge what that stock. 183 00:08:38,040 --> 00:08:42,920 Speaker 5: Is I can it's probably I think it's controversial. 184 00:08:43,000 --> 00:08:45,080 Speaker 1: I know a lot of people probably wouldn't agree with 185 00:08:45,120 --> 00:08:45,720 Speaker 1: the choice. 186 00:08:46,880 --> 00:08:47,679 Speaker 4: I want to hear it. 187 00:08:48,120 --> 00:08:51,200 Speaker 5: Yeah, so I'm actually looking at BHP shares. 188 00:08:51,840 --> 00:08:55,840 Speaker 4: Oh okay, And why is that? I love asking people 189 00:08:55,840 --> 00:08:58,360 Speaker 4: when they're being specific about shares about like why would 190 00:08:58,400 --> 00:09:00,680 Speaker 4: you look at that? Or what is your mote? Because 191 00:09:00,679 --> 00:09:03,679 Speaker 4: we're all different, And to be honest, HP have been 192 00:09:03,720 --> 00:09:06,920 Speaker 4: a pretty well performing share over the last what thirty 193 00:09:07,240 --> 00:09:09,920 Speaker 4: forty years, So I don't think it's the worst thing 194 00:09:09,960 --> 00:09:10,520 Speaker 4: to look at. 195 00:09:11,160 --> 00:09:11,880 Speaker 1: No, it's not. 196 00:09:12,080 --> 00:09:16,240 Speaker 5: And at the moment, since they had the deal with Woodside, 197 00:09:16,360 --> 00:09:18,720 Speaker 5: the share starts to go down, and then obviously everything 198 00:09:18,720 --> 00:09:22,080 Speaker 5: else in the economy is going down. I chose it 199 00:09:22,080 --> 00:09:24,640 Speaker 5: because I've been looking last year. So when I sold 200 00:09:24,640 --> 00:09:27,160 Speaker 5: my house, I went right, sell the house. I'm investing. 201 00:09:27,200 --> 00:09:29,960 Speaker 5: I'm going to invest in bank shares. But selling a 202 00:09:30,000 --> 00:09:32,480 Speaker 5: house setting up a whole new life life got away 203 00:09:32,480 --> 00:09:36,960 Speaker 5: with me and I just didn't. So then I came 204 00:09:37,040 --> 00:09:39,080 Speaker 5: back to it this year and just couldn't pick anything. 205 00:09:39,400 --> 00:09:40,920 Speaker 1: And I figured, you know what, you're in. 206 00:09:40,880 --> 00:09:44,400 Speaker 5: A trade, you're in an industry, stick with something that 207 00:09:44,600 --> 00:09:48,239 Speaker 5: makes sense to you this I work in industrial electrical 208 00:09:48,440 --> 00:09:51,199 Speaker 5: so this sort of stuff's probably more down my alley. 209 00:09:51,600 --> 00:09:53,280 Speaker 5: And a friend of mine said, have you looked at 210 00:09:53,360 --> 00:09:56,800 Speaker 5: doing like BEHP or something like that, And I went, oh, okay, 211 00:09:56,880 --> 00:09:59,720 Speaker 5: I'll start looking, and that's what planned the seed and 212 00:09:59,720 --> 00:10:01,840 Speaker 5: then I I just spent hours looking. 213 00:10:02,640 --> 00:10:05,800 Speaker 4: See there's always a reason. There's never like, oh, someone 214 00:10:05,960 --> 00:10:07,600 Speaker 4: just told me to look at it. There's always like 215 00:10:07,600 --> 00:10:11,760 Speaker 4: a background, And from my perspective, that creates a better 216 00:10:11,840 --> 00:10:14,920 Speaker 4: long term strategy because you're going to be more invested 217 00:10:14,960 --> 00:10:17,280 Speaker 4: in it. You're going to be more invested in researching 218 00:10:17,280 --> 00:10:19,920 Speaker 4: that stock and understanding it and comprehending it in a 219 00:10:19,920 --> 00:10:22,959 Speaker 4: way that other people might not be as educated because 220 00:10:23,040 --> 00:10:25,680 Speaker 4: I don't work in that space. You do, so you 221 00:10:25,760 --> 00:10:29,239 Speaker 4: know what's going on or what might be impacting that industry. 222 00:10:29,600 --> 00:10:31,880 Speaker 4: So I think it's really important to one understand why 223 00:10:31,920 --> 00:10:34,960 Speaker 4: other people pick things, but also kind of helps you 224 00:10:35,160 --> 00:10:39,280 Speaker 4: guide into like, ah, well, actually I might pick something 225 00:10:39,320 --> 00:10:41,880 Speaker 4: that I know really well because you're usually going to 226 00:10:41,920 --> 00:10:44,280 Speaker 4: feel a little bit more comfortable with it. And the 227 00:10:44,320 --> 00:10:47,480 Speaker 4: best type of investing is the type that doesn't stress 228 00:10:47,520 --> 00:10:49,880 Speaker 4: you out. 229 00:10:49,120 --> 00:10:51,839 Speaker 5: When I like it and all that sort of stuff, 230 00:10:51,880 --> 00:10:53,480 Speaker 5: I'm like, I have no idea. 231 00:10:53,800 --> 00:10:55,679 Speaker 1: Yeah, let's stick with something you know. 232 00:10:56,280 --> 00:10:59,559 Speaker 4: Let's go with what you know. I love that. Next 233 00:10:59,640 --> 00:11:03,040 Speaker 4: question in left field and completely different to what we 234 00:11:03,040 --> 00:11:05,719 Speaker 4: were just talking about. Do you currently use shop back? 235 00:11:06,480 --> 00:11:07,000 Speaker 1: I don't. 236 00:11:07,440 --> 00:11:09,520 Speaker 5: I do have it on my phone, I have my 237 00:11:09,559 --> 00:11:15,199 Speaker 5: ten dollars from you guys, thank you, But I don't 238 00:11:15,440 --> 00:11:18,960 Speaker 5: actually buy lots of stuff. I buy parts of my 239 00:11:19,080 --> 00:11:22,360 Speaker 5: truck and the odd thing off eBay, but I don't 240 00:11:22,400 --> 00:11:23,560 Speaker 5: do heaps for shopping. 241 00:11:24,440 --> 00:11:26,839 Speaker 4: I love that because that's probably a good money habit 242 00:11:26,920 --> 00:11:29,080 Speaker 4: for you to have any way to not do too 243 00:11:29,200 --> 00:11:33,600 Speaker 4: much shopping, unlike me, who is a very proficient online shopper. 244 00:11:33,880 --> 00:11:38,120 Speaker 4: The postman tonight we're on first name basis, and my 245 00:11:38,559 --> 00:11:41,840 Speaker 4: shop back account's looking rather healthy, which is really good. 246 00:11:42,040 --> 00:11:44,520 Speaker 4: But also, I mean, as much as we love shopback, 247 00:11:44,559 --> 00:11:47,280 Speaker 4: that means I've been a little bit cheeky during lockdown. 248 00:11:47,960 --> 00:11:50,200 Speaker 4: So we'll move on from that so that I don't 249 00:11:50,200 --> 00:11:52,839 Speaker 4: bury myself, and we're going to ask you what is 250 00:11:52,920 --> 00:11:54,440 Speaker 4: your best money habit. 251 00:11:55,679 --> 00:11:59,880 Speaker 5: My best money habit not online shopping, not online shop, 252 00:12:00,240 --> 00:12:02,800 Speaker 5: although I do I do buy a lot of stuff 253 00:12:02,800 --> 00:12:04,400 Speaker 5: from America Express posts. 254 00:12:04,440 --> 00:12:09,360 Speaker 1: It's not that's expensive. It is, and especially when their 255 00:12:09,400 --> 00:12:10,679 Speaker 1: car parts, it's really. 256 00:12:10,600 --> 00:12:12,679 Speaker 4: Expensive, expensive and heavy. 257 00:12:13,280 --> 00:12:17,199 Speaker 1: Yes, my best habit would be. I'm a bit frugal 258 00:12:18,800 --> 00:12:20,480 Speaker 1: to the point it's probably a detriment. 259 00:12:20,559 --> 00:12:23,000 Speaker 5: Sometimes I'll put things in baskets or brighten on a 260 00:12:23,080 --> 00:12:25,720 Speaker 5: list to buy, and then I just go, I'll do 261 00:12:25,800 --> 00:12:28,040 Speaker 5: that tomorrow. Like wait when my pay goes in, I'll 262 00:12:28,040 --> 00:12:30,280 Speaker 5: do it tomorrow. Money is sitting there, it's not a problem. 263 00:12:30,320 --> 00:12:34,160 Speaker 5: I'll do it tomorrow. Or I Actually, I'm amazing. If 264 00:12:34,200 --> 00:12:35,760 Speaker 5: you ever want to know what the cheapest thing to 265 00:12:35,760 --> 00:12:38,280 Speaker 5: buy the shops would be, I can tell you what 266 00:12:38,600 --> 00:12:41,120 Speaker 5: grocery still to go to to get the best thing. 267 00:12:41,679 --> 00:12:44,800 Speaker 4: Alright, what's this week? Come on? Oh? 268 00:12:44,920 --> 00:12:46,960 Speaker 5: Actually, one friend of mine and I were talking about 269 00:12:46,960 --> 00:12:48,839 Speaker 5: because I do. I go to the gym a lot, 270 00:12:48,920 --> 00:12:51,319 Speaker 5: and one of my pre training snacks is like lcms 271 00:12:51,520 --> 00:12:56,840 Speaker 5: And we've calculated CMS from Aldi a minimum of twenty 272 00:12:56,880 --> 00:12:59,800 Speaker 5: cents cheap of per bar, depending if you get them 273 00:12:59,800 --> 00:13:02,800 Speaker 5: money sale. See, so like little things like that were 274 00:13:02,840 --> 00:13:04,679 Speaker 5: like last year when I had to figure out how 275 00:13:04,679 --> 00:13:07,120 Speaker 5: to save money. I was trying to find ways to 276 00:13:07,160 --> 00:13:10,240 Speaker 5: save one dollar and two dollars, not forty and eighty. 277 00:13:10,880 --> 00:13:14,160 Speaker 4: Yeah, but like from the little things, big things grow. 278 00:13:14,480 --> 00:13:16,960 Speaker 4: And I feel like that's a very used phrase on 279 00:13:17,000 --> 00:13:20,280 Speaker 4: this podcast. But at the same time, it's because it's 280 00:13:20,360 --> 00:13:23,600 Speaker 4: easier to do that than to look for the big wins, right, Like, 281 00:13:23,679 --> 00:13:26,760 Speaker 4: it's easier to take control of your grocery budget and 282 00:13:26,920 --> 00:13:30,160 Speaker 4: look for where you can make little sustainable savings because like, 283 00:13:30,360 --> 00:13:33,240 Speaker 4: I'm sure you enjoy your elcmbar from Audi as much 284 00:13:33,280 --> 00:13:34,959 Speaker 4: as you do from coals right. 285 00:13:35,160 --> 00:13:37,280 Speaker 1: Exactly at four am, they both sat the same. 286 00:13:39,720 --> 00:13:42,760 Speaker 4: I always thought like completely separate. I always thought you 287 00:13:42,760 --> 00:13:45,480 Speaker 4: had to have like proper like protein bars and like 288 00:13:45,520 --> 00:13:48,480 Speaker 4: pre training stacks, and you're like lcmbar, So maybe I 289 00:13:48,480 --> 00:13:51,800 Speaker 4: could get into this workout there, Maybe I might do this. 290 00:13:52,200 --> 00:13:55,080 Speaker 5: My dietitian has me on, like I get to have 291 00:13:55,679 --> 00:14:00,240 Speaker 5: crumpets and honey or lcm's before training. It's great, And 292 00:14:00,280 --> 00:14:03,840 Speaker 5: that's dietitian has given that to me. So that's totally okay. 293 00:14:04,280 --> 00:14:07,280 Speaker 4: Yeah, that makes it legal. I like it. I like 294 00:14:07,360 --> 00:14:10,480 Speaker 4: it all right. In comparison to your best money habit, 295 00:14:10,520 --> 00:14:14,480 Speaker 4: which was the LCN bars, what is your worst money habit? 296 00:14:15,640 --> 00:14:20,240 Speaker 5: Probably similar that I leave things in shopping carts, and 297 00:14:20,280 --> 00:14:23,640 Speaker 5: I don't go buy things, and then I actually really 298 00:14:23,680 --> 00:14:27,120 Speaker 5: need them, and I rush around. 299 00:14:26,920 --> 00:14:30,720 Speaker 1: Like an idiot when I need them, so I be like, 300 00:14:30,760 --> 00:14:32,800 Speaker 1: why didn't I buy that I really needed it? 301 00:14:33,080 --> 00:14:35,360 Speaker 3: And then instead of buying it online, you have to 302 00:14:35,400 --> 00:14:37,200 Speaker 3: go and buy it from the shop, and it's probably 303 00:14:37,200 --> 00:14:38,760 Speaker 3: more expensive as well. 304 00:14:38,800 --> 00:14:41,080 Speaker 2: Instead of yep, yeah, I can feel that. 305 00:14:41,480 --> 00:14:43,720 Speaker 4: Yeah, I feel like I do that as well. Do 306 00:14:43,760 --> 00:14:45,680 Speaker 4: you know what the most annoying part about that is? 307 00:14:45,720 --> 00:14:49,120 Speaker 4: As well? It's always the essential things that you're like, oh, 308 00:14:49,160 --> 00:14:51,560 Speaker 4: I need some new socks or I need something new 309 00:14:51,880 --> 00:14:54,800 Speaker 4: that I just feel bad buying, and then you end 310 00:14:54,880 --> 00:14:56,600 Speaker 4: up paying more for it because you needed to buy 311 00:14:56,600 --> 00:14:58,960 Speaker 4: it in person and you don't actually search out the 312 00:14:58,960 --> 00:15:01,760 Speaker 4: best deal. I actually feel that, whereas if it's something 313 00:15:01,800 --> 00:15:04,640 Speaker 4: that I didn't need, I'm so good at those purchases. 314 00:15:05,480 --> 00:15:09,640 Speaker 4: So good, all right. So next and final question of 315 00:15:09,720 --> 00:15:13,000 Speaker 4: this series is what grade would you give yourself if 316 00:15:13,040 --> 00:15:15,680 Speaker 4: we forced you to give yourself a money grade? 317 00:15:17,040 --> 00:15:21,240 Speaker 5: Maybe a bee. I feel like I've still got a 318 00:15:21,280 --> 00:15:24,880 Speaker 5: really long way to go. I'm still learning. I still 319 00:15:25,000 --> 00:15:28,600 Speaker 5: from time to time find I need to like pull 320 00:15:28,720 --> 00:15:31,000 Speaker 5: back or take money out of like an odd account. 321 00:15:32,080 --> 00:15:35,000 Speaker 5: I probably, yeah, maybe a bee. I feel like I've 322 00:15:35,000 --> 00:15:36,320 Speaker 5: come a really long way. 323 00:15:36,120 --> 00:15:38,880 Speaker 1: Though, so it sounds like it. 324 00:15:38,960 --> 00:15:41,480 Speaker 4: I get pressed with how far you've even come in 325 00:15:41,560 --> 00:15:44,880 Speaker 4: the last year. You've gone from having a goal of 326 00:15:44,880 --> 00:15:47,600 Speaker 4: like I'm going to have a lofty deposit to having 327 00:15:47,760 --> 00:15:50,440 Speaker 4: half of it. And as of July first, didn't you 328 00:15:50,440 --> 00:15:53,560 Speaker 4: say you're a company director? Like you're you're more than 329 00:15:53,600 --> 00:15:55,880 Speaker 4: a bat in my eyes. But we can get into 330 00:15:55,920 --> 00:16:04,200 Speaker 4: that after this short break. All right, let's get back 331 00:16:04,200 --> 00:16:08,120 Speaker 4: into the podcast Money Diarist. I feel like you've had 332 00:16:08,240 --> 00:16:12,640 Speaker 4: an incredibly interesting journey from living overseas to being with 333 00:16:12,680 --> 00:16:15,080 Speaker 4: a partner for eleven years. I don't mean to be 334 00:16:15,160 --> 00:16:18,760 Speaker 4: too pervy, but like, how did your money story change 335 00:16:18,800 --> 00:16:22,040 Speaker 4: going through a breakup after such a significant period of 336 00:16:22,040 --> 00:16:23,120 Speaker 4: time with that person. 337 00:16:25,640 --> 00:16:28,200 Speaker 5: Actually, it all came to a head. So we broke 338 00:16:28,280 --> 00:16:30,240 Speaker 5: up January first, last year. 339 00:16:30,560 --> 00:16:33,120 Speaker 4: And New Year knew meat no partner. 340 00:16:33,240 --> 00:16:36,560 Speaker 5: Yeah, And we were actually supposed to take a three 341 00:16:36,560 --> 00:16:39,880 Speaker 5: week holiday to Japan and while we were on holidays, 342 00:16:40,160 --> 00:16:43,080 Speaker 5: we'd meet with a group of my friends and go snowboarding. 343 00:16:43,720 --> 00:16:46,080 Speaker 5: So we because we've broken up, my friends are like, 344 00:16:46,160 --> 00:16:48,960 Speaker 5: there's no way you're not going on holidays, which meant 345 00:16:49,000 --> 00:16:51,720 Speaker 5: that all of a sudden, I had to find a 346 00:16:51,760 --> 00:16:54,160 Speaker 5: way I couldn't do anything with my plane ticket, so 347 00:16:54,200 --> 00:16:56,920 Speaker 5: I had to spend another thousand dollars on a plane 348 00:16:56,960 --> 00:16:59,760 Speaker 5: ticket in light of the fact that I knew that, 349 00:16:59,800 --> 00:17:02,800 Speaker 5: like my whole life is about to change. So I 350 00:17:02,880 --> 00:17:05,040 Speaker 5: sat down and because I'm not very good with computers 351 00:17:05,359 --> 00:17:07,760 Speaker 5: and I've only literally in the past couple months learned 352 00:17:07,800 --> 00:17:11,280 Speaker 5: how to add sums on a spreadsheet on Excel, I. 353 00:17:11,200 --> 00:17:13,720 Speaker 1: Literally sat down a pen and paper and started writing 354 00:17:13,760 --> 00:17:14,440 Speaker 1: down everything. 355 00:17:14,560 --> 00:17:16,600 Speaker 5: And it was the first time I had to budget 356 00:17:16,800 --> 00:17:19,399 Speaker 5: to make sure that I could afford my whole snowboarding 357 00:17:19,440 --> 00:17:22,720 Speaker 5: holiday all new accommodation, as well as continue to pay 358 00:17:22,760 --> 00:17:26,360 Speaker 5: for the old accommodation that we couldn't use new plane tickets. 359 00:17:26,440 --> 00:17:28,280 Speaker 1: And then that was it. 360 00:17:28,400 --> 00:17:31,760 Speaker 5: I started budgeting and it just from there by accident 361 00:17:32,000 --> 00:17:35,639 Speaker 5: by accident, hell or come high water. I'm going on 362 00:17:35,680 --> 00:17:38,760 Speaker 5: this Japan holiday. I'm going to have an amazing trip 363 00:17:38,800 --> 00:17:41,359 Speaker 5: with my friends, and this is going to be the 364 00:17:41,400 --> 00:17:44,359 Speaker 5: beginning of something really cool. So I did that, and 365 00:17:44,359 --> 00:17:46,840 Speaker 5: when I came back, I just continued to stick with 366 00:17:46,880 --> 00:17:49,840 Speaker 5: the budget and saving, and I lots of little things 367 00:17:49,880 --> 00:17:51,880 Speaker 5: like every week it was like, yes, I hit that number, 368 00:17:51,960 --> 00:17:53,000 Speaker 5: Yes I hit that number. 369 00:17:53,280 --> 00:17:56,960 Speaker 4: So oh I love that. And I mean it's come 370 00:17:57,080 --> 00:18:00,240 Speaker 4: from a journey where you know, no one wants to 371 00:18:00,280 --> 00:18:03,359 Speaker 4: be forced into budgeting off the back of a relationship 372 00:18:03,440 --> 00:18:05,960 Speaker 4: breaking up. But at the same time, I feel like 373 00:18:06,000 --> 00:18:07,600 Speaker 4: there's always, as I was saying at the start of 374 00:18:07,600 --> 00:18:10,320 Speaker 4: this podcast, there's usually a trigger point for these things. 375 00:18:10,320 --> 00:18:13,600 Speaker 4: There's usually something that happens that forces you down that road, 376 00:18:14,080 --> 00:18:16,800 Speaker 4: and then you find yourself on that path, thinking maybe 377 00:18:16,840 --> 00:18:19,000 Speaker 4: it's going to be sucky. You're like, oh my god, 378 00:18:19,080 --> 00:18:20,439 Speaker 4: I have to budget or I have to do this, 379 00:18:20,480 --> 00:18:22,880 Speaker 4: and you're like, I feel really empowered, I feel really 380 00:18:22,880 --> 00:18:25,719 Speaker 4: in control. What is this? What do you mean? So 381 00:18:25,920 --> 00:18:28,840 Speaker 4: how did you feel going through that, like starting the 382 00:18:28,920 --> 00:18:31,360 Speaker 4: journey of budgeting where you're like, oh, I really don't 383 00:18:31,359 --> 00:18:32,480 Speaker 4: want to have to do this, but this is the 384 00:18:32,520 --> 00:18:34,399 Speaker 4: only way it's going to work. Or were you like, yes, 385 00:18:34,480 --> 00:18:36,840 Speaker 4: I'm in control, Like what did that look like for you? 386 00:18:37,480 --> 00:18:39,280 Speaker 1: It was so empowering. 387 00:18:39,320 --> 00:18:43,760 Speaker 5: It felt like I finally knew like years earlier, my 388 00:18:44,160 --> 00:18:47,000 Speaker 5: previous partner had got me to try and do barefoot 389 00:18:47,080 --> 00:18:49,879 Speaker 5: investing style bank setup, and I remember I dug my 390 00:18:49,960 --> 00:18:52,520 Speaker 5: heels in the whole way because I just didn't feel comfortable. 391 00:18:53,119 --> 00:18:56,080 Speaker 5: And so last year I rearranged all the bank accounts 392 00:18:56,080 --> 00:18:58,080 Speaker 5: and it just actually felt really empowering. 393 00:18:58,200 --> 00:18:59,000 Speaker 1: I felt like I. 394 00:18:58,880 --> 00:19:01,919 Speaker 5: Finally knew where I I knew what I had, I 395 00:19:02,000 --> 00:19:04,040 Speaker 5: knew what I could have going forward. 396 00:19:04,680 --> 00:19:06,200 Speaker 1: So that and I did. 397 00:19:06,480 --> 00:19:09,639 Speaker 5: Was determined that when we finally sold the house that 398 00:19:09,720 --> 00:19:11,840 Speaker 5: I would have all the money I needed to move out, 399 00:19:11,960 --> 00:19:14,000 Speaker 5: pay rent, and still continue to pay my mortgage in 400 00:19:14,040 --> 00:19:16,120 Speaker 5: the crossover, pay all that stuff. 401 00:19:16,400 --> 00:19:19,639 Speaker 1: And I was not going to touch anything else. I 402 00:19:19,680 --> 00:19:22,679 Speaker 1: wasn't going to touch the house funds. And I just 403 00:19:22,720 --> 00:19:26,000 Speaker 1: felt so good going I built this. This was because 404 00:19:26,160 --> 00:19:27,320 Speaker 1: I did. 405 00:19:27,920 --> 00:19:31,560 Speaker 3: Yeah, it's like learning a whole new part about Without 406 00:19:31,640 --> 00:19:34,520 Speaker 3: sounding cheesy, it is like finding a whole new part 407 00:19:34,560 --> 00:19:38,000 Speaker 3: of your personality as you grow up and you're like, wow, 408 00:19:38,040 --> 00:19:40,919 Speaker 3: I actually do really care about how I've grown and 409 00:19:40,920 --> 00:19:43,800 Speaker 3: how I'm changing, and it's really really cool that you 410 00:19:43,960 --> 00:19:45,840 Speaker 3: found that yourself, and you were like, oh, I didn't 411 00:19:45,840 --> 00:19:48,080 Speaker 3: want to do this because I wasn't ready, and now 412 00:19:48,080 --> 00:19:49,840 Speaker 3: I am ready and it feels awesome. 413 00:19:50,240 --> 00:19:53,399 Speaker 5: Yeah, I was not ready beforehand at all. It was 414 00:19:53,720 --> 00:19:56,679 Speaker 5: it wasn't I literally dug my heels in so hard. 415 00:19:57,080 --> 00:19:59,160 Speaker 5: But last year there was just this point I had 416 00:19:59,160 --> 00:20:01,840 Speaker 5: so many friends family to support me, and I just knew, 417 00:20:01,920 --> 00:20:04,159 Speaker 5: no matter what I did, that the only way to 418 00:20:04,280 --> 00:20:06,879 Speaker 5: move on from where I came from was to do 419 00:20:06,920 --> 00:20:10,080 Speaker 5: it myself. And so to come out the other side, 420 00:20:10,119 --> 00:20:12,080 Speaker 5: moving to my own apartment on my own, I was 421 00:20:12,080 --> 00:20:13,960 Speaker 5: just like, yeah, I did this, this was all me. 422 00:20:14,640 --> 00:20:18,320 Speaker 4: Oh, I love that so much. And money dorist, I 423 00:20:18,320 --> 00:20:21,320 Speaker 4: want to be really perfect because I love banking structures 424 00:20:21,320 --> 00:20:25,080 Speaker 4: and understanding how people do what and like I obviously 425 00:20:25,119 --> 00:20:27,840 Speaker 4: have my budget and cash flow masterclass. So I've created 426 00:20:27,880 --> 00:20:31,199 Speaker 4: a system that I think works. But how do you 427 00:20:31,240 --> 00:20:33,720 Speaker 4: manage your accounts? Like? What accounts do you have? What 428 00:20:33,800 --> 00:20:35,440 Speaker 4: do you use them for? Can you tell us? 429 00:20:36,160 --> 00:20:40,480 Speaker 5: I think I have about nine obviously my main account, 430 00:20:40,600 --> 00:20:42,159 Speaker 5: then I have my emergency fund. 431 00:20:43,400 --> 00:20:46,000 Speaker 1: I have one full luxury. 432 00:20:45,640 --> 00:20:47,879 Speaker 5: So that's if my current partner and I want to 433 00:20:47,880 --> 00:20:49,600 Speaker 5: go out for dinner or something during the week, or 434 00:20:49,640 --> 00:20:51,640 Speaker 5: if like I need that pair of sox or. 435 00:20:53,480 --> 00:20:56,600 Speaker 4: Tree is not buying essential to my friend. 436 00:20:57,119 --> 00:21:00,600 Speaker 5: No it's not, but it's I don't like pep into 437 00:21:00,640 --> 00:21:01,880 Speaker 5: other accounts, so that's. 438 00:21:01,800 --> 00:21:04,320 Speaker 4: How I get that it's often a mental barrier. 439 00:21:04,640 --> 00:21:05,159 Speaker 1: I get it. 440 00:21:05,600 --> 00:21:09,080 Speaker 5: Then I have like my hair and botox account because 441 00:21:09,240 --> 00:21:11,359 Speaker 5: that is one that I can't skip over. 442 00:21:11,680 --> 00:21:14,560 Speaker 1: Very powerful, Yeah, very important. 443 00:21:15,119 --> 00:21:17,159 Speaker 5: I have a share account, so I have money that 444 00:21:17,200 --> 00:21:19,880 Speaker 5: goes into an account to get put towards shares every week. 445 00:21:20,280 --> 00:21:22,919 Speaker 5: I have bottle money, so my partner and if we 446 00:21:22,960 --> 00:21:25,040 Speaker 5: have ended up cans or bottles, we put all the 447 00:21:25,040 --> 00:21:26,280 Speaker 5: money into that account together. 448 00:21:26,720 --> 00:21:29,760 Speaker 4: Oh, we don't have that in Victoria. I've seen that before. 449 00:21:30,320 --> 00:21:33,639 Speaker 4: I am literally envious of that because I feel like 450 00:21:33,680 --> 00:21:35,679 Speaker 4: we'd have less bottles and cans and stuff on the 451 00:21:35,680 --> 00:21:37,440 Speaker 4: street in Melbourne if that was a thing. 452 00:21:37,680 --> 00:21:38,680 Speaker 1: It's so good. 453 00:21:38,760 --> 00:21:40,879 Speaker 5: I mean, I understand the theory, you've already paid the 454 00:21:40,880 --> 00:21:42,919 Speaker 5: ten cents, you're just getting the ten cents back, but 455 00:21:42,960 --> 00:21:46,000 Speaker 5: it's literally it's like tax money. Everyone seems to think 456 00:21:46,000 --> 00:21:47,960 Speaker 5: it's free money. It's a little bit like that. You're 457 00:21:47,960 --> 00:21:49,720 Speaker 5: just rearranging the money back around. 458 00:21:50,600 --> 00:21:52,520 Speaker 3: But it makes you feel good because not only have 459 00:21:52,640 --> 00:21:54,880 Speaker 3: you done something good for the environment, but you get 460 00:21:55,000 --> 00:21:56,880 Speaker 3: you know, a couple of dollars here and there makes 461 00:21:56,880 --> 00:21:59,200 Speaker 3: a difference exactly, and. 462 00:21:59,200 --> 00:22:00,680 Speaker 1: It goes into the an account. 463 00:22:00,960 --> 00:22:04,480 Speaker 4: So I want to hear a money diarist who's done 464 00:22:04,480 --> 00:22:07,280 Speaker 4: that as like a full side hustle and see how 465 00:22:07,359 --> 00:22:09,800 Speaker 4: much money they get from it. I reckon, there's somebody 466 00:22:09,840 --> 00:22:11,520 Speaker 4: out there who's made a killing. 467 00:22:11,840 --> 00:22:13,639 Speaker 5: Yeah, well, we had it when I was a kid, 468 00:22:13,680 --> 00:22:16,399 Speaker 5: but it's gone like it left through most of my 469 00:22:16,520 --> 00:22:18,960 Speaker 5: life and it only came back in the past few years. 470 00:22:19,080 --> 00:22:21,840 Speaker 1: So, oh, don't understand why we had it. It went 471 00:22:21,880 --> 00:22:22,879 Speaker 1: away came back. 472 00:22:23,200 --> 00:22:25,359 Speaker 4: So what other bank accounts do you have? You've got 473 00:22:25,400 --> 00:22:27,320 Speaker 4: your bottles one and I went on a tangent. I 474 00:22:27,359 --> 00:22:28,399 Speaker 4: do apologize. 475 00:22:28,840 --> 00:22:30,960 Speaker 5: I've got a regio account because I've got a couple 476 00:22:30,960 --> 00:22:33,879 Speaker 5: of vehicles, so I need to make sure I have money, 477 00:22:33,920 --> 00:22:39,040 Speaker 5: and my American car, Lee Rego's really expensive, fancy. 478 00:22:39,280 --> 00:22:41,399 Speaker 4: I assumed you might have been a little bit of 479 00:22:41,440 --> 00:22:44,400 Speaker 4: a car friend based on the fact that you order 480 00:22:44,520 --> 00:22:46,120 Speaker 4: car parts from the US. 481 00:22:46,280 --> 00:22:49,480 Speaker 5: We're learning, Yeah, that was kind of part of that. 482 00:22:49,640 --> 00:22:52,040 Speaker 5: I guess you could probably also call that an investment. 483 00:22:52,119 --> 00:22:55,560 Speaker 5: I bought it and imported it with my current partner 484 00:22:55,560 --> 00:22:56,680 Speaker 5: at the end of last year. 485 00:22:57,359 --> 00:23:01,840 Speaker 1: It was partially an investment decision decision and a business decision. 486 00:23:02,080 --> 00:23:04,080 Speaker 1: I'm actually going to use it as my work vehicle. 487 00:23:05,680 --> 00:23:07,320 Speaker 4: Can tell us what type of car it is so 488 00:23:07,320 --> 00:23:08,560 Speaker 4: I can google it. 489 00:23:08,560 --> 00:23:12,359 Speaker 5: It's a nineteen sixty five Chevy C ten. It's an 490 00:23:12,400 --> 00:23:15,240 Speaker 5: American pickup truck, so very cool. 491 00:23:15,440 --> 00:23:17,400 Speaker 1: It's big and it's amazing. 492 00:23:18,000 --> 00:23:18,640 Speaker 5: And you're an. 493 00:23:18,560 --> 00:23:21,919 Speaker 4: Electrician as well. You'd look so fancy coming over to 494 00:23:21,960 --> 00:23:23,840 Speaker 4: my house to fix my life. 495 00:23:24,119 --> 00:23:25,640 Speaker 1: Honestly, well, that's it. 496 00:23:25,720 --> 00:23:28,119 Speaker 5: I remember someone once saying the best marketing you can 497 00:23:28,160 --> 00:23:30,520 Speaker 5: get is the one that you don't pay for give 498 00:23:30,560 --> 00:23:31,440 Speaker 5: people a reason to. 499 00:23:31,400 --> 00:23:32,080 Speaker 4: Talk about you. 500 00:23:32,320 --> 00:23:35,320 Speaker 5: And I've always wanted an old car, and so I thought, 501 00:23:35,320 --> 00:23:38,560 Speaker 5: you know what, what's better than a cheek electrician driving 502 00:23:38,600 --> 00:23:39,760 Speaker 5: a really cool old car. 503 00:23:40,359 --> 00:23:43,800 Speaker 4: I actually adore this, and you're like super fit. You're 504 00:23:43,800 --> 00:23:45,080 Speaker 4: going to get out of a car and people are 505 00:23:45,119 --> 00:23:47,760 Speaker 4: going to be like who is she? What does she. 506 00:23:49,840 --> 00:23:53,320 Speaker 1: Get a car? And people are just like whoa is 507 00:23:53,359 --> 00:23:57,320 Speaker 1: this yours? Yes? Yes it is mine, and they're too 508 00:23:57,359 --> 00:24:00,200 Speaker 1: busy looking at the truck to actually I'm like, okay, 509 00:24:00,240 --> 00:24:02,119 Speaker 1: what do you want done? Like what's the job? And 510 00:24:02,160 --> 00:24:05,280 Speaker 1: they're too busy wanting to talk about the chuck. I'm like, okay, 511 00:24:05,400 --> 00:24:07,080 Speaker 1: but I'm on the clock, so whatever. 512 00:24:06,800 --> 00:24:10,440 Speaker 2: You want to That's when you start charging by the hour. 513 00:24:12,240 --> 00:24:15,280 Speaker 4: Clock. Guys, I actually love when people take control of 514 00:24:15,359 --> 00:24:18,160 Speaker 4: their own budget and cash flow journey. And I guess 515 00:24:18,160 --> 00:24:20,719 Speaker 4: that's what my next question leads into. I know that 516 00:24:20,800 --> 00:24:23,680 Speaker 4: lots of people who listen to our podcast are really 517 00:24:23,760 --> 00:24:26,160 Speaker 4: wanting to get into that, and they just haven't taken 518 00:24:26,200 --> 00:24:28,800 Speaker 4: the plunge yet or it's all overwhelming, like where did 519 00:24:28,840 --> 00:24:31,679 Speaker 4: you start? Like, if we haven't done any of this yet, 520 00:24:32,119 --> 00:24:34,240 Speaker 4: how can we start to take control of our banking 521 00:24:34,320 --> 00:24:36,400 Speaker 4: structure and make it work for us like you've made 522 00:24:36,440 --> 00:24:37,120 Speaker 4: it work for you. 523 00:24:38,400 --> 00:24:41,480 Speaker 5: I had to find a way to like I needed 524 00:24:41,480 --> 00:24:44,000 Speaker 5: to see what was going out and how much and 525 00:24:44,119 --> 00:24:47,040 Speaker 5: to wear, and then for me, I needed to make 526 00:24:47,040 --> 00:24:50,040 Speaker 5: sure that I allocated all of those amounts to go 527 00:24:50,080 --> 00:24:53,120 Speaker 5: to those places. And then it meant that I could 528 00:24:53,119 --> 00:24:56,200 Speaker 5: see what was left, and then I would know if 529 00:24:56,240 --> 00:24:58,239 Speaker 5: I was either dipping into what was left or if 530 00:24:58,280 --> 00:25:00,920 Speaker 5: it was all being moved across into like my savings 531 00:25:01,320 --> 00:25:02,200 Speaker 5: that I wasn't. 532 00:25:01,960 --> 00:25:03,040 Speaker 1: Going to touch at all. 533 00:25:03,600 --> 00:25:07,640 Speaker 5: So for me, literally breaking it down into really tiny amounts, 534 00:25:07,640 --> 00:25:09,879 Speaker 5: so I had on I had paper all over my 535 00:25:09,920 --> 00:25:11,560 Speaker 5: bed at the time, and I. 536 00:25:11,480 --> 00:25:15,400 Speaker 4: Still do what worked for you works. 537 00:25:16,440 --> 00:25:18,840 Speaker 5: Oh gosh, I'm getting better, though I may have spreadsticks 538 00:25:18,840 --> 00:25:20,879 Speaker 5: for my account and this year before my tax receipts. 539 00:25:20,920 --> 00:25:22,080 Speaker 1: He was very impressed. 540 00:25:22,160 --> 00:25:26,120 Speaker 6: It is she she's a new woman a little bit, 541 00:25:27,160 --> 00:25:29,359 Speaker 6: but like just have it all written down so that 542 00:25:29,440 --> 00:25:31,800 Speaker 6: you know, like these are all of my bills that 543 00:25:31,840 --> 00:25:34,440 Speaker 6: come in quarterly, and these are this is my re jo. 544 00:25:34,520 --> 00:25:36,760 Speaker 5: That I need to pay and so to me, I 545 00:25:36,800 --> 00:25:38,919 Speaker 5: had to literally break it down every week and just 546 00:25:39,040 --> 00:25:41,280 Speaker 5: shoot all the money away so that I saw what 547 00:25:41,400 --> 00:25:42,359 Speaker 5: was left. 548 00:25:42,800 --> 00:25:45,919 Speaker 4: I think that's really important. And what was the first 549 00:25:45,960 --> 00:25:48,199 Speaker 4: thing you did. Was it sitting down and doing all 550 00:25:48,200 --> 00:25:50,520 Speaker 4: those pieces of paper that you had across your bed, 551 00:25:50,720 --> 00:25:53,199 Speaker 4: or was it checking out your bank? Like did you 552 00:25:53,359 --> 00:25:56,399 Speaker 4: change banks? Are there anything or tips and tricks that 553 00:25:56,480 --> 00:25:59,440 Speaker 4: really helped you along that journey that we should know about. 554 00:25:59,680 --> 00:26:02,520 Speaker 5: It at the time, And I even have I remember 555 00:26:02,520 --> 00:26:05,560 Speaker 5: I took an Insta story at the time because I 556 00:26:05,640 --> 00:26:08,000 Speaker 5: had my mortgage with one bank, I had my credit 557 00:26:08,000 --> 00:26:09,639 Speaker 5: card with a different bank, and I have all my 558 00:26:09,680 --> 00:26:11,399 Speaker 5: personal banking with a third bank. 559 00:26:11,760 --> 00:26:13,960 Speaker 1: And I remember taking a photo of all three. 560 00:26:14,000 --> 00:26:16,800 Speaker 5: I had three computer screens up with all three banks 561 00:26:16,880 --> 00:26:19,960 Speaker 5: open and saying I'm taking control of this. So I 562 00:26:20,000 --> 00:26:21,120 Speaker 5: literally had to sit. 563 00:26:21,040 --> 00:26:24,199 Speaker 1: Down with all the computer screens and I wrote it 564 00:26:24,200 --> 00:26:26,080 Speaker 1: all down. It was like, okay, this is what's all 565 00:26:26,080 --> 00:26:27,000 Speaker 1: on these accounts? 566 00:26:27,600 --> 00:26:29,880 Speaker 5: This is and I had to write down and look 567 00:26:29,920 --> 00:26:31,760 Speaker 5: at everything and see where everything was. 568 00:26:32,280 --> 00:26:33,800 Speaker 1: So oh I love that. 569 00:26:34,240 --> 00:26:36,600 Speaker 5: Yeah, and then I just made a plan, like this 570 00:26:36,680 --> 00:26:38,840 Speaker 5: is this is what I can reasonably say, So what's 571 00:26:38,880 --> 00:26:39,280 Speaker 5: my goal? 572 00:26:39,359 --> 00:26:40,600 Speaker 1: Can I push this a little bit? 573 00:26:40,680 --> 00:26:43,720 Speaker 5: I do overtime, So any overtime would immediately get pushed 574 00:26:43,760 --> 00:26:47,600 Speaker 5: into an account all night. When I got I got 575 00:26:47,600 --> 00:26:50,280 Speaker 5: a pay rise at the end of last year, I 576 00:26:50,320 --> 00:26:52,679 Speaker 5: actually didn't even touch it. I immediately made it so 577 00:26:52,720 --> 00:26:55,640 Speaker 5: it went into my like my savings, my future account, 578 00:26:56,000 --> 00:26:57,960 Speaker 5: and so I've never seen any of my pay rise. 579 00:26:58,000 --> 00:27:00,720 Speaker 5: It immediately goes into a savings account, and I've touched it. 580 00:27:01,320 --> 00:27:04,480 Speaker 4: She's not got any type of lifestyle creep, Tony. We 581 00:27:04,600 --> 00:27:05,960 Speaker 4: love what you going to be. 582 00:27:06,440 --> 00:27:08,920 Speaker 2: Yeah, how have we let you grade yourself only a B? 583 00:27:09,200 --> 00:27:11,760 Speaker 3: This is It sounds like you've gone on such an 584 00:27:11,800 --> 00:27:13,440 Speaker 3: amazing journey and how. 585 00:27:13,280 --> 00:27:14,440 Speaker 2: Cool that we're a part of it. 586 00:27:15,000 --> 00:27:16,080 Speaker 1: Yeah, thank you. 587 00:27:16,320 --> 00:27:18,480 Speaker 5: I started listening to you guys last year and was like, 588 00:27:18,560 --> 00:27:19,960 Speaker 5: oh my god, how have I not. 589 00:27:20,080 --> 00:27:22,680 Speaker 1: Been listening to this stuff before? Look how much I'm learning. 590 00:27:23,560 --> 00:27:26,240 Speaker 4: I love that, and I love that people like you're 591 00:27:26,280 --> 00:27:29,560 Speaker 4: in our community and doing good things and getting on 592 00:27:29,600 --> 00:27:32,399 Speaker 4: the right paths. And it's just I love being able 593 00:27:32,440 --> 00:27:34,399 Speaker 4: to ask you questions about like, Okay, how did you 594 00:27:34,400 --> 00:27:37,880 Speaker 4: start budgeting? Because it is different for everybody, Like there's 595 00:27:37,920 --> 00:27:40,160 Speaker 4: no right, there's no wrong. It's what's going to work 596 00:27:40,200 --> 00:27:42,920 Speaker 4: for you. And if it's pieces of paper across your 597 00:27:42,960 --> 00:27:46,400 Speaker 4: bed that works for you, like I am so here 598 00:27:46,440 --> 00:27:48,760 Speaker 4: for it. You don't have to be a spreadsheet wizard. 599 00:27:49,080 --> 00:27:51,960 Speaker 4: Some people break up their money into envelopes and literally 600 00:27:52,040 --> 00:27:54,520 Speaker 4: run an envelope system. Some people do what you're doing 601 00:27:54,520 --> 00:27:57,560 Speaker 4: and have different bank accounts. Other people you know, outsourcing 602 00:27:57,560 --> 00:27:59,879 Speaker 4: and get their partner to take their debit card off them. Like, 603 00:28:00,000 --> 00:28:02,160 Speaker 4: there are different ways that you. 604 00:28:02,080 --> 00:28:02,600 Speaker 1: Can do this. 605 00:28:02,720 --> 00:28:04,760 Speaker 4: You just need to find the right thing for you. 606 00:28:04,840 --> 00:28:07,560 Speaker 4: And I think it's just so special that our community 607 00:28:07,560 --> 00:28:10,280 Speaker 4: trusts us enough to share those things with us so 608 00:28:10,280 --> 00:28:13,560 Speaker 4: that we can learn from you. Like how cool. I 609 00:28:13,560 --> 00:28:15,240 Speaker 4: love that. I don't know what heart you drive, So 610 00:28:15,440 --> 00:28:18,520 Speaker 4: if you see that car driving around, just assume there 611 00:28:18,520 --> 00:28:21,320 Speaker 4: are she's on the money person and give them away. 612 00:28:21,880 --> 00:28:24,160 Speaker 1: The amount of times that I've since listening to you, guys. 613 00:28:24,200 --> 00:28:26,160 Speaker 5: I've gone back to friends, like friends that were there 614 00:28:26,200 --> 00:28:28,360 Speaker 5: to support me and teach me to adult last year, 615 00:28:28,400 --> 00:28:29,159 Speaker 5: and I had to that. 616 00:28:29,160 --> 00:28:31,560 Speaker 1: I've gone back and I heard on this podcast. They're like, 617 00:28:31,880 --> 00:28:34,840 Speaker 1: oh my god, what is she listening to? I know 618 00:28:35,320 --> 00:28:37,720 Speaker 1: about finance. All of a sudden, she's better than this 619 00:28:37,800 --> 00:28:38,320 Speaker 1: than we are. 620 00:28:40,080 --> 00:28:43,080 Speaker 4: It's like, cut to that TikTok sound? Am I better 621 00:28:43,160 --> 00:28:44,280 Speaker 4: than everybody else? 622 00:28:46,720 --> 00:28:49,160 Speaker 2: And now you're on the podcast sharing your own tips? 623 00:28:49,160 --> 00:28:49,480 Speaker 1: Hackle. 624 00:28:49,920 --> 00:28:53,360 Speaker 4: No, I'm so lucky that you want to share this 625 00:28:53,440 --> 00:28:56,719 Speaker 4: journey with our community, and honestly, you have been a 626 00:28:56,840 --> 00:28:59,400 Speaker 4: dream to have a chat with. I feel like I 627 00:28:59,440 --> 00:29:01,240 Speaker 4: am on our Hi high at the end of this. 628 00:29:01,480 --> 00:29:04,760 Speaker 4: So thank you so so much for joining us Money Diarist. 629 00:29:04,880 --> 00:29:07,320 Speaker 1: Oh, thank you, thank you for letting me share. 630 00:29:07,800 --> 00:29:10,959 Speaker 4: But as always, that is all we have time for today. 631 00:29:11,200 --> 00:29:13,640 Speaker 4: So just before we head off, we'd like to acknowledge 632 00:29:13,640 --> 00:29:17,520 Speaker 4: and pay respect to Australia's Aboriginal and Torres Straight islander peoples. 633 00:29:17,760 --> 00:29:21,240 Speaker 4: They're the traditional custodians of the lands, the waterways and 634 00:29:21,280 --> 00:29:24,760 Speaker 4: the skies all across Australia. We thank you for sharing 635 00:29:24,840 --> 00:29:26,840 Speaker 4: and for caring for the land on which we are 636 00:29:26,920 --> 00:29:29,840 Speaker 4: able to learn. We pay our respects to elders past 637 00:29:30,000 --> 00:29:33,200 Speaker 4: and present, and we share our friendship and our kindness. 638 00:29:33,680 --> 00:29:36,280 Speaker 3: The advice shared on She's on the Money is generally 639 00:29:36,400 --> 00:29:40,240 Speaker 3: nature and does not consider your individual circumstances. She's on 640 00:29:40,280 --> 00:29:43,479 Speaker 3: the Money exists purely for educational purposes and should not 641 00:29:43,520 --> 00:29:46,440 Speaker 3: be relied upon to make an investment or financial decision. 642 00:29:46,880 --> 00:29:50,240 Speaker 3: And we promise that Victoria Devine is an authorized representative 643 00:29:50,240 --> 00:29:54,480 Speaker 3: of Australia Pacific Funds Management Proprietary Limited ABN three four 644 00:29:54,560 --> 00:29:57,800 Speaker 3: one three two four six three two five seven AFSL 645 00:29:57,880 --> 00:29:59,440 Speaker 3: three three nine one five to one. 646 00:30:00,120 --> 00:30:10,840 Speaker 4: See you next week, guys. Bye mhm