1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,720 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:32,720 Speaker 1: today and lasting impact for tomorrow. 10 00:00:33,320 --> 00:00:34,120 Speaker 2: Let's get into it. 11 00:00:34,760 --> 00:00:39,000 Speaker 3: She's on the Money, She's on the Money. 12 00:00:57,720 --> 00:01:00,800 Speaker 4: Hello, and welcome to She's on the Money, the podcast 13 00:01:00,840 --> 00:01:04,520 Speaker 4: for millennials who want financial freedom. Welcome back to my 14 00:01:04,640 --> 00:01:07,880 Speaker 4: favorite episode, money Diaries, where we get to talk with 15 00:01:07,920 --> 00:01:10,800 Speaker 4: one of our incredible She's on the Money community members 16 00:01:11,240 --> 00:01:14,360 Speaker 4: all about their journey. Let's jump straight into it, because 17 00:01:14,400 --> 00:01:16,520 Speaker 4: this week I got a message and it sounded quite 18 00:01:16,600 --> 00:01:20,800 Speaker 4: literally exactly like this. Hi, Victoria. When I was growing up, 19 00:01:20,840 --> 00:01:24,520 Speaker 4: my parents went bankrupt. Because of this, we hated people 20 00:01:24,560 --> 00:01:27,160 Speaker 4: with money and I believe that people who were rich 21 00:01:27,480 --> 00:01:30,160 Speaker 4: were bad in some way. It took me a while 22 00:01:30,200 --> 00:01:33,160 Speaker 4: to get over my quote money is dirty mindset. But 23 00:01:33,240 --> 00:01:35,640 Speaker 4: a few years ago I started a business and I 24 00:01:35,800 --> 00:01:40,360 Speaker 4: now earn over seven figures. I helped support my parents, 25 00:01:40,520 --> 00:01:44,039 Speaker 4: but was really worried initially how they would feel about. 26 00:01:43,680 --> 00:01:44,960 Speaker 2: Me being rich. 27 00:01:45,520 --> 00:01:49,640 Speaker 4: Money Diarist, excuse me, are you a seven figure business owner? 28 00:01:50,240 --> 00:01:51,920 Speaker 2: I am, Oh, my gosh, how cool? 29 00:01:52,040 --> 00:01:53,800 Speaker 3: Is that? The real deal? 30 00:01:53,920 --> 00:01:54,160 Speaker 1: Kind? 31 00:01:54,360 --> 00:01:58,760 Speaker 4: Oh my gosh, not some MLM just checking, Not some MLM, 32 00:01:58,920 --> 00:02:01,800 Speaker 4: no multi level marking, not like sold my. 33 00:02:01,840 --> 00:02:04,360 Speaker 3: House, And in that same year then claimed that it 34 00:02:04,400 --> 00:02:06,920 Speaker 3: was seven figures in business revenue, none of all, none of that. 35 00:02:07,120 --> 00:02:11,440 Speaker 4: Oh that's actually genuinely impressive in that case. Congrats, I'm 36 00:02:11,480 --> 00:02:14,360 Speaker 4: so excited. Let's dive straight in. I asked this at 37 00:02:14,400 --> 00:02:17,280 Speaker 4: the start of every single episode, money Darist, what grade 38 00:02:17,320 --> 00:02:20,000 Speaker 4: would you give your money habits from A through to F. 39 00:02:20,520 --> 00:02:22,120 Speaker 3: I'm going to give myself a B plus. 40 00:02:22,520 --> 00:02:25,480 Speaker 4: All right, I want to know so much more about that, 41 00:02:25,600 --> 00:02:28,240 Speaker 4: But let's dive into my favorite question of all time, 42 00:02:28,680 --> 00:02:31,480 Speaker 4: money Diarist. Can you tell me a little bit more 43 00:02:31,680 --> 00:02:32,880 Speaker 4: about your money story? 44 00:02:33,320 --> 00:02:38,200 Speaker 3: Yes? So, growing up I believed that money was dirty, 45 00:02:38,520 --> 00:02:42,480 Speaker 3: and that people who were rich were assholes, and that 46 00:02:43,440 --> 00:02:47,480 Speaker 3: anybody who had money was probably sinister in some way 47 00:02:47,919 --> 00:02:51,920 Speaker 3: because my parents believe those things, and so I have 48 00:02:52,080 --> 00:02:56,960 Speaker 3: had Really money is dirty. Successful people are evil. Everyone 49 00:02:56,960 --> 00:02:59,360 Speaker 3: only wants power, and that if you have money, you 50 00:02:59,400 --> 00:03:04,040 Speaker 3: are selfish. And that has been my money story, honestly. 51 00:03:04,040 --> 00:03:08,200 Speaker 3: I'm thirty three now, for probably most of my life. 52 00:03:08,280 --> 00:03:10,240 Speaker 3: I think I really became aware of my money stories 53 00:03:10,280 --> 00:03:13,880 Speaker 3: at around age twenty nine, and I started to realize 54 00:03:13,960 --> 00:03:20,239 Speaker 3: that those money stories were really unhelpful in actually earning 55 00:03:20,280 --> 00:03:22,560 Speaker 3: and receiving money. 56 00:03:22,639 --> 00:03:25,040 Speaker 4: It is very, very true, and it makes me so 57 00:03:25,120 --> 00:03:27,800 Speaker 4: happy that you've changed your mindset. I don't know what 58 00:03:27,840 --> 00:03:29,400 Speaker 4: you do yet because we don't ask a lot of 59 00:03:29,480 --> 00:03:32,240 Speaker 4: questions of our money dirests. I mean, my producer might have, 60 00:03:32,280 --> 00:03:33,880 Speaker 4: but I don't because I always like to be really 61 00:03:33,919 --> 00:03:36,680 Speaker 4: inquisitive and genuine on the show. But I have a 62 00:03:36,680 --> 00:03:38,960 Speaker 4: sneaky suspicion what you do now because of the way 63 00:03:39,000 --> 00:03:41,640 Speaker 4: you're talking about mindset and growth. And I don't know 64 00:03:41,760 --> 00:03:45,000 Speaker 4: I'm going to call it, but I want to know, now, 65 00:03:45,400 --> 00:03:46,960 Speaker 4: my friend, what do you do for work and how 66 00:03:47,000 --> 00:03:49,160 Speaker 4: much do you earn? And is there some level of 67 00:03:49,200 --> 00:03:53,040 Speaker 4: mental ship involved in your role? Now? 68 00:03:53,160 --> 00:03:57,640 Speaker 3: Did really? Yeah? So I started out business doing events 69 00:03:58,000 --> 00:04:01,800 Speaker 3: and quickly moved into mental So I am now I'm 70 00:04:01,960 --> 00:04:06,120 Speaker 3: a bit on online business coach and currently making seven figures, 71 00:04:06,200 --> 00:04:08,200 Speaker 3: and I think that's really important. Last year we turned 72 00:04:08,240 --> 00:04:10,440 Speaker 3: over one point twenty five. This year on track to 73 00:04:10,480 --> 00:04:11,560 Speaker 3: turn over two million. 74 00:04:12,120 --> 00:04:16,240 Speaker 4: I'm in the wrong business, certainly are not? 75 00:04:16,480 --> 00:04:18,599 Speaker 2: But well, I didn't make two million dollars off this, 76 00:04:18,760 --> 00:04:19,440 Speaker 2: did I? 77 00:04:20,760 --> 00:04:22,359 Speaker 3: Rude? Guys? I've a should pay a bit more. No, 78 00:04:22,920 --> 00:04:24,720 Speaker 3: to be clear, though, I pay myself one hundred and 79 00:04:24,720 --> 00:04:27,320 Speaker 3: twenty thousand dollar wage, So I think that's probably really 80 00:04:27,360 --> 00:04:28,400 Speaker 3: important to be clear on. 81 00:04:28,680 --> 00:04:31,760 Speaker 4: So tell me how that works, because I'm very similar, 82 00:04:31,880 --> 00:04:34,120 Speaker 4: Like if you looked at our business revenue, that's very 83 00:04:34,120 --> 00:04:37,160 Speaker 4: different to what I get paid, and I think it's 84 00:04:37,200 --> 00:04:39,880 Speaker 4: really important to be clear on that as well. So 85 00:04:40,200 --> 00:04:41,960 Speaker 4: tell me, one, how did you get to that number? 86 00:04:42,000 --> 00:04:44,360 Speaker 4: Because obviously, in a business that makes seven figures, you 87 00:04:44,440 --> 00:04:46,080 Speaker 4: basically could have picked. 88 00:04:45,800 --> 00:04:46,920 Speaker 2: A lot of other numbers. 89 00:04:47,480 --> 00:04:50,360 Speaker 4: Why one twenty And what does that look like into 90 00:04:50,440 --> 00:04:50,919 Speaker 4: the future? 91 00:04:51,600 --> 00:04:54,480 Speaker 3: Yeah, so that one twenty number mostly was recommended to 92 00:04:54,520 --> 00:04:56,880 Speaker 3: me initially by my accountant. However, I've done a lot 93 00:04:56,880 --> 00:05:00,359 Speaker 3: of research since then, and what it really looks like 94 00:05:00,440 --> 00:05:01,600 Speaker 3: is that once you go over one hundred and twenty 95 00:05:01,600 --> 00:05:03,440 Speaker 3: thousand dollars a year, you get tax at a higher rate. 96 00:05:03,720 --> 00:05:06,920 Speaker 3: And so for me at this moment, it is more 97 00:05:07,000 --> 00:05:09,520 Speaker 3: beneficial for me to let the additional profit that the 98 00:05:09,560 --> 00:05:12,359 Speaker 3: business earns pile up in the bank account so that 99 00:05:12,400 --> 00:05:14,520 Speaker 3: we can continue to reinvest it in the business, continue 100 00:05:14,520 --> 00:05:18,400 Speaker 3: to reinvest it in team, in upgrading our services, in 101 00:05:18,720 --> 00:05:23,440 Speaker 3: mentorship for ourselves, in those sorts of things. But for 102 00:05:23,520 --> 00:05:25,520 Speaker 3: the future, what it looks like is that in the 103 00:05:25,560 --> 00:05:27,720 Speaker 3: next twelve months I will be looking to pay myself 104 00:05:27,880 --> 00:05:30,560 Speaker 3: quite a lot more because we are looking to purchase 105 00:05:30,560 --> 00:05:33,080 Speaker 3: some investment properties, which means that I'm going to need 106 00:05:33,120 --> 00:05:35,720 Speaker 3: to liquidate some of that income well, so that profit 107 00:05:35,800 --> 00:05:37,240 Speaker 3: that sitting in the business and kind of bring it 108 00:05:37,279 --> 00:05:39,360 Speaker 3: into my own personal accounts that I can use it. 109 00:05:39,640 --> 00:05:41,640 Speaker 4: Yeah, but if you do that, and I mean, this 110 00:05:41,800 --> 00:05:43,800 Speaker 4: is not a business episode, but I'm sure that we 111 00:05:43,880 --> 00:05:46,200 Speaker 4: will one day collaborate and do a business episode together. 112 00:05:46,640 --> 00:05:49,560 Speaker 4: But when you work with your accountant, can actually be 113 00:05:49,600 --> 00:05:52,200 Speaker 4: a lot more efficient than just paying at the highest 114 00:05:52,240 --> 00:05:55,280 Speaker 4: marginal tax rate. And obviously this is not me telling 115 00:05:55,320 --> 00:05:57,279 Speaker 4: you how to suck eggs. This is just for context 116 00:05:57,320 --> 00:05:58,760 Speaker 4: for people listening. 117 00:05:58,480 --> 00:05:59,160 Speaker 2: To the podcast. 118 00:05:59,200 --> 00:06:02,000 Speaker 4: But there is a way to take what's called director's drawings, 119 00:06:02,200 --> 00:06:04,640 Speaker 4: which is taking a significant amount of profit out of 120 00:06:04,680 --> 00:06:07,640 Speaker 4: the business at a lower tax rate, because there's a 121 00:06:07,680 --> 00:06:10,720 Speaker 4: plan in place for it, which I think is quite 122 00:06:10,800 --> 00:06:13,359 Speaker 4: cool to understand as well, because you go, well, why 123 00:06:13,400 --> 00:06:16,000 Speaker 4: would you know this money? Diar is not pay herself 124 00:06:16,000 --> 00:06:19,080 Speaker 4: as much as possible, and there's a good reason for it. 125 00:06:19,160 --> 00:06:21,560 Speaker 4: And I like talking about that because I think a 126 00:06:21,560 --> 00:06:25,120 Speaker 4: lot of people just assume, if you know, my business 127 00:06:25,160 --> 00:06:27,880 Speaker 4: is successful, obviously Victoria has a really high income, and 128 00:06:28,080 --> 00:06:29,600 Speaker 4: I'm like, hmm, that's actually not. 129 00:06:29,600 --> 00:06:33,400 Speaker 3: The case totally. People are like, oh, seven figure's business 130 00:06:33,400 --> 00:06:35,080 Speaker 3: and you must be so rich, and I'm like. 131 00:06:35,080 --> 00:06:37,600 Speaker 2: Well, actually, like my business is doing all right. 132 00:06:37,560 --> 00:06:40,159 Speaker 3: Liquid cash is like not quite the same, you know. 133 00:06:40,400 --> 00:06:42,360 Speaker 3: So yeah, it's really important. I love to talk about 134 00:06:42,360 --> 00:06:44,440 Speaker 3: that publicly because I think that it's not enough people 135 00:06:44,440 --> 00:06:46,920 Speaker 3: who are in business are speaking about that. 136 00:06:47,080 --> 00:06:47,720 Speaker 2: I love that. 137 00:06:48,040 --> 00:06:50,039 Speaker 4: All right, We're going to go off script here because 138 00:06:50,080 --> 00:06:52,200 Speaker 4: the next question is not working for me right now. 139 00:06:52,480 --> 00:06:54,640 Speaker 4: I want to know more about your journey into this, 140 00:06:54,839 --> 00:06:57,200 Speaker 4: Like how on earth do you go from being like, oh, 141 00:06:57,279 --> 00:06:59,800 Speaker 4: money is so dirty, and I know you don't earn it 142 00:06:59,839 --> 00:07:03,760 Speaker 4: per but comfortably having a business that turns over seven figures. Like, 143 00:07:03,839 --> 00:07:06,520 Speaker 4: how do we get there ourselves? How did you even 144 00:07:06,560 --> 00:07:09,479 Speaker 4: start in business? Like, I don't want to replicate your journey, 145 00:07:09,520 --> 00:07:10,960 Speaker 4: but how do we have the confidence to go? 146 00:07:11,240 --> 00:07:12,400 Speaker 2: Actually I can do this? 147 00:07:12,520 --> 00:07:14,480 Speaker 4: Like what were you doing before? How did this work? 148 00:07:14,640 --> 00:07:17,600 Speaker 4: You said your parents went bankrupt. I'm making a grand assumption. 149 00:07:17,640 --> 00:07:18,760 Speaker 4: They weren't business owners. 150 00:07:19,640 --> 00:07:22,120 Speaker 3: So what happened was my dad he actually did try 151 00:07:22,160 --> 00:07:25,119 Speaker 3: his hand at entrepreneurship, and so he owned a corner 152 00:07:25,200 --> 00:07:28,120 Speaker 3: store I guess, like a deli, a milk shop, whatever 153 00:07:28,160 --> 00:07:30,040 Speaker 3: you want to call them, but a corner store. And 154 00:07:30,320 --> 00:07:31,800 Speaker 3: he just had no idea what he was doing and 155 00:07:31,800 --> 00:07:33,600 Speaker 3: eventually just kind of ran into the ground because he 156 00:07:33,680 --> 00:07:35,800 Speaker 3: just had no idea. And you know, my dad's full 157 00:07:35,840 --> 00:07:38,840 Speaker 3: of inflated egos, so didn't ask for any help, didn't 158 00:07:38,920 --> 00:07:42,720 Speaker 3: get any support, and eventually, you know, drove our businesses 159 00:07:42,720 --> 00:07:44,160 Speaker 3: to the ground and sent us bankrupt. So when we 160 00:07:44,240 --> 00:07:46,800 Speaker 3: went bankrupt, I was seven. So that really pivotal age 161 00:07:46,840 --> 00:07:47,840 Speaker 3: group where you. 162 00:07:47,720 --> 00:07:48,680 Speaker 2: Would remember it. 163 00:07:49,240 --> 00:07:54,080 Speaker 4: Yeah, that's when your money story starts to form. 164 00:07:52,640 --> 00:07:54,920 Speaker 3: When you really start to see money as a thing, right, 165 00:07:55,000 --> 00:07:57,480 Speaker 3: And so we lost our car, we lost our house, 166 00:07:57,640 --> 00:07:59,440 Speaker 3: and not long after that, my parents got divorced, and 167 00:07:59,520 --> 00:08:04,520 Speaker 3: so that really created this fear around money for me, Like, wow, 168 00:08:04,600 --> 00:08:07,880 Speaker 3: if I one could make one mistake and I could 169 00:08:07,920 --> 00:08:10,880 Speaker 3: mess everything up, and so, you know, going to school, 170 00:08:10,920 --> 00:08:14,679 Speaker 3: going to university, going into life. I played it really 171 00:08:14,760 --> 00:08:18,440 Speaker 3: safe for twenty eight years because I was like, I 172 00:08:18,440 --> 00:08:20,320 Speaker 3: don't want to end up like my dad. I don't 173 00:08:20,320 --> 00:08:22,440 Speaker 3: want to end up, you know, struggling to get by. 174 00:08:22,520 --> 00:08:24,040 Speaker 3: I don't want to end up. He couldn't leave the 175 00:08:24,040 --> 00:08:26,920 Speaker 3: country for seven years. He couldn't get any credit cards, 176 00:08:26,960 --> 00:08:28,760 Speaker 3: Like when you go bankrupt, you don't have access to 177 00:08:29,080 --> 00:08:32,600 Speaker 3: so many things, and so we were really limited in 178 00:08:32,640 --> 00:08:34,640 Speaker 3: what we could do. How I fell into business was 179 00:08:34,679 --> 00:08:36,560 Speaker 3: I met a lovely man who is now my husband, 180 00:08:37,240 --> 00:08:40,160 Speaker 3: and here in the gym, and every single morning he 181 00:08:40,200 --> 00:08:41,719 Speaker 3: would wake up at like four in the morning and 182 00:08:41,720 --> 00:08:43,880 Speaker 3: he would bounce out of bed and he'd be so 183 00:08:43,920 --> 00:08:47,160 Speaker 3: excited to go to work. And meanwhile, I had a 184 00:08:47,160 --> 00:08:50,400 Speaker 3: great job. I worked for a really big international company. 185 00:08:50,440 --> 00:08:52,480 Speaker 3: I had a really cushy office job that was earning 186 00:08:52,760 --> 00:08:54,560 Speaker 3: you know, six figures. I had a great job. I'd 187 00:08:54,600 --> 00:08:56,600 Speaker 3: clawed my way up the corporate ladder. I'd done all 188 00:08:56,640 --> 00:08:59,200 Speaker 3: the things I thought I needed to do, and I 189 00:08:59,320 --> 00:09:01,280 Speaker 3: was wake up in the morning and I'm dragging us 190 00:09:01,400 --> 00:09:03,559 Speaker 3: out of bed because I didn't want to go. Yes, 191 00:09:04,040 --> 00:09:06,719 Speaker 3: you know, and every morning at four am he was 192 00:09:06,720 --> 00:09:08,000 Speaker 3: getting up, but he was excited. 193 00:09:08,080 --> 00:09:10,080 Speaker 4: I mean, four am is a lot. I love my business, 194 00:09:10,160 --> 00:09:11,720 Speaker 4: I love my life, but four am is still not 195 00:09:11,760 --> 00:09:12,760 Speaker 4: an option. I'm really sorry. 196 00:09:12,800 --> 00:09:15,000 Speaker 2: I've just got to put that into context. 197 00:09:15,040 --> 00:09:17,240 Speaker 4: No, I'll happily get up at six, though, and I 198 00:09:17,280 --> 00:09:19,440 Speaker 4: do wake up very excited to go to work. 199 00:09:19,559 --> 00:09:20,520 Speaker 2: Is that where you're at now? 200 00:09:21,000 --> 00:09:23,080 Speaker 3: Well, you know, I married this man, so we are 201 00:09:23,160 --> 00:09:24,679 Speaker 3: definitely early rices. 202 00:09:25,640 --> 00:09:26,720 Speaker 2: But red flag. 203 00:09:27,920 --> 00:09:29,080 Speaker 3: You're like, we can't be friends. Sorry. 204 00:09:29,160 --> 00:09:31,160 Speaker 2: Yeah, I'm really sorry. Text me after seven. 205 00:09:32,400 --> 00:09:35,840 Speaker 3: I'll just schedule an email. We do wake up early. 206 00:09:36,120 --> 00:09:38,319 Speaker 3: I do get excited to wake up in the morning. Yeah. 207 00:09:38,360 --> 00:09:39,920 Speaker 3: I do wake up that way now, And you know, 208 00:09:40,000 --> 00:09:41,800 Speaker 3: not every day. I think there's a lie that says, 209 00:09:41,880 --> 00:09:43,240 Speaker 3: you know, if you love what you do, you never 210 00:09:43,280 --> 00:09:44,760 Speaker 3: work a day in your life. And I think anyone 211 00:09:44,800 --> 00:09:47,160 Speaker 3: who is in business for themselves or runs their own 212 00:09:47,160 --> 00:09:48,000 Speaker 3: company will tell. 213 00:09:47,880 --> 00:09:49,040 Speaker 2: You that that's a lie. 214 00:09:49,240 --> 00:09:53,720 Speaker 3: That's a lie, Like there is definitely work involved, but 215 00:09:54,960 --> 00:09:58,600 Speaker 3: I was inspired by him. He was so excited every day, 216 00:09:58,600 --> 00:10:01,440 Speaker 3: and I realized that there was a level of joy 217 00:10:01,520 --> 00:10:03,240 Speaker 3: that I was missing out on in life, and there 218 00:10:03,280 --> 00:10:06,880 Speaker 3: was a level of passion that was really missing within me. 219 00:10:07,120 --> 00:10:10,680 Speaker 3: And so I started going to self development seminars and 220 00:10:10,760 --> 00:10:13,920 Speaker 3: just really trying to understand, like, what am I passionate about? 221 00:10:13,920 --> 00:10:18,840 Speaker 3: That's not at the time tinder, yeah, wine, you know, 222 00:10:18,920 --> 00:10:21,840 Speaker 3: going out with my girlfriends on weekends, Like what is 223 00:10:21,840 --> 00:10:24,959 Speaker 3: this person actually passionate about? And as I started to 224 00:10:25,120 --> 00:10:27,320 Speaker 3: peel back the layers, I ended up getting into an 225 00:10:27,320 --> 00:10:32,320 Speaker 3: event's business and it just rolled from there. Eventually people 226 00:10:32,360 --> 00:10:35,080 Speaker 3: were asking me for mentorship, and then you know, the 227 00:10:35,120 --> 00:10:37,400 Speaker 3: big sea, the big COVID happened and we had an 228 00:10:37,440 --> 00:10:40,080 Speaker 3: event's business that shut down and we just rolled forward 229 00:10:40,120 --> 00:10:41,440 Speaker 3: and then that's how I kind of got here. 230 00:10:42,400 --> 00:10:46,319 Speaker 4: I love that, but that's also a story to arguably 231 00:10:46,440 --> 00:10:49,679 Speaker 4: unpick as well. How do you go through a business 232 00:10:50,000 --> 00:10:53,360 Speaker 4: basically having to shut during COVID and you go but 233 00:10:53,559 --> 00:10:56,120 Speaker 4: I can still do a different business, Like was this 234 00:10:56,200 --> 00:10:59,080 Speaker 4: something that you're already doing? Was this super stressful? Are 235 00:10:59,160 --> 00:11:01,960 Speaker 4: you just like completely sweeping over the fact that that 236 00:11:02,160 --> 00:11:05,360 Speaker 4: was arguably relatively traumatic to have to go, oh, I'm 237 00:11:05,400 --> 00:11:06,040 Speaker 4: getting rid of. 238 00:11:05,960 --> 00:11:07,400 Speaker 2: My events, because that would have sucked. 239 00:11:07,480 --> 00:11:10,080 Speaker 4: You just had built this beautiful business up, and if 240 00:11:10,120 --> 00:11:12,280 Speaker 4: you're business owning, you know that your business is your baby. 241 00:11:12,920 --> 00:11:16,760 Speaker 2: Like that doesn't sound fun. So what was that actually? 242 00:11:16,920 --> 00:11:20,560 Speaker 3: Like, Yeah, it was obviously awful. And you know, my 243 00:11:20,679 --> 00:11:23,800 Speaker 3: husband also had a gym which could no longer operate. 244 00:11:23,880 --> 00:11:26,319 Speaker 2: Oh, those are two of the worst hit industries. 245 00:11:26,480 --> 00:11:29,160 Speaker 3: Arguably, we had no idea what was happening. We had 246 00:11:29,200 --> 00:11:30,600 Speaker 3: no idea when it was going to get better. We 247 00:11:30,640 --> 00:11:34,880 Speaker 3: had no money coming in, and when it all first happened, 248 00:11:34,880 --> 00:11:37,080 Speaker 3: there was no government funding and even my husband actually 249 00:11:37,200 --> 00:11:39,640 Speaker 3: wasn't even eligible for it in the end anyway. And 250 00:11:39,720 --> 00:11:42,599 Speaker 3: so I just remember sitting down with a piece of 251 00:11:42,640 --> 00:11:46,360 Speaker 3: paper and going, I need to now start to leverage 252 00:11:46,400 --> 00:11:49,600 Speaker 3: other skills that I have here. I had been doing 253 00:11:49,600 --> 00:11:52,440 Speaker 3: some mentoring on the side at that point that very 254 00:11:52,559 --> 00:11:55,360 Speaker 3: very minimal amounts. It was interesting what happened. I kind 255 00:11:55,360 --> 00:11:56,840 Speaker 3: of just lit up into passion and I was like, 256 00:11:57,400 --> 00:12:00,600 Speaker 3: my first ever program was around pivot, and so it 257 00:12:00,679 --> 00:12:03,440 Speaker 3: was really around like I took them through this activity 258 00:12:03,679 --> 00:12:06,760 Speaker 3: of business owners what it might look like to pivot 259 00:12:06,760 --> 00:12:09,000 Speaker 3: in this environment right now, how we can leverage and 260 00:12:09,080 --> 00:12:11,400 Speaker 3: use other skills. And I priced it really affordably at 261 00:12:11,400 --> 00:12:14,000 Speaker 3: the time, and you know, I got twenty or thirty 262 00:12:14,000 --> 00:12:16,360 Speaker 3: people in and they loved it and they raved about it. 263 00:12:16,520 --> 00:12:19,400 Speaker 2: So cool and compounds after that, right. 264 00:12:19,320 --> 00:12:20,760 Speaker 3: Yeah, and then I was like, this is what I 265 00:12:20,840 --> 00:12:21,360 Speaker 3: meant to do. 266 00:12:21,720 --> 00:12:23,880 Speaker 2: Oh, I love this so much. That makes me so 267 00:12:24,040 --> 00:12:24,600 Speaker 2: excited for you. 268 00:12:24,640 --> 00:12:27,280 Speaker 4: I'm glad I asked some more perfect questions before getting 269 00:12:27,320 --> 00:12:29,760 Speaker 4: back on track. Let's go back on track, because I 270 00:12:29,760 --> 00:12:31,240 Speaker 4: feel like we're going to go offer fair a few 271 00:12:31,440 --> 00:12:34,520 Speaker 4: more times. Obviously, we now know what you do for 272 00:12:34,559 --> 00:12:36,480 Speaker 4: work and how much you earn, and I guess how 273 00:12:36,520 --> 00:12:37,400 Speaker 4: you got there. 274 00:12:37,480 --> 00:12:39,160 Speaker 2: But what are your big money goals? 275 00:12:39,240 --> 00:12:41,680 Speaker 4: You mentioned before you want to buy some investment properties, 276 00:12:41,760 --> 00:12:44,160 Speaker 4: But what I guess are the top three money goals 277 00:12:44,240 --> 00:12:45,560 Speaker 4: you're currently working towards. 278 00:12:46,760 --> 00:12:49,480 Speaker 3: So we want to buy some investment properties, and we 279 00:12:49,520 --> 00:12:51,800 Speaker 3: want to buy one a year for the next three years. 280 00:12:51,920 --> 00:12:55,480 Speaker 3: That's the plan. And so we need to be able 281 00:12:55,559 --> 00:12:57,840 Speaker 3: to ensure that our business is operating at a certain 282 00:12:57,880 --> 00:13:00,520 Speaker 3: profitability percentage, to make sure that we have the cash 283 00:13:00,559 --> 00:13:02,040 Speaker 3: flow in the companies to be able to do that. 284 00:13:02,360 --> 00:13:04,600 Speaker 3: And then we have to work strategically with our accountant 285 00:13:04,640 --> 00:13:07,120 Speaker 3: to get the cash out at the you know, most 286 00:13:07,120 --> 00:13:09,200 Speaker 3: minimal tax rate that we can. Of course, that's our 287 00:13:09,280 --> 00:13:11,520 Speaker 3: number one goal at the moment, to be completely honest. 288 00:13:11,600 --> 00:13:13,000 Speaker 3: We have a little bit of debt on our current 289 00:13:13,000 --> 00:13:15,360 Speaker 3: property that we live in at the moment. We are 290 00:13:15,400 --> 00:13:17,640 Speaker 3: working on paying that down and getting some equity built 291 00:13:17,679 --> 00:13:19,920 Speaker 3: up in that as well. Our long term money goal 292 00:13:20,360 --> 00:13:22,320 Speaker 3: is that we would love to have a dream property 293 00:13:22,320 --> 00:13:24,160 Speaker 3: that we really want to build out on a piece 294 00:13:24,200 --> 00:13:27,720 Speaker 3: of land, you know, is the dream. So that's going 295 00:13:27,760 --> 00:13:30,840 Speaker 3: to probably cost us around I would say two million, 296 00:13:30,840 --> 00:13:33,240 Speaker 3: two and a half million to buy the land, build 297 00:13:33,240 --> 00:13:35,400 Speaker 3: a property that we want, and so we are working 298 00:13:35,520 --> 00:13:37,800 Speaker 3: kind of towards what that would look like. 299 00:13:37,960 --> 00:13:39,439 Speaker 2: That's really exciting though. 300 00:13:39,480 --> 00:13:41,640 Speaker 4: It feels like you've got a lot of clarity in 301 00:13:41,679 --> 00:13:44,520 Speaker 4: that vision as well, like this idea of like I 302 00:13:44,520 --> 00:13:47,840 Speaker 4: want to buy one investment property year. That's kind of cool, 303 00:13:47,840 --> 00:13:49,480 Speaker 4: but I want to be more pervy. Am I allowed 304 00:13:49,520 --> 00:13:50,280 Speaker 4: to be more pervy? 305 00:13:50,400 --> 00:13:51,240 Speaker 3: Go crazy? Perfectly? 306 00:13:51,360 --> 00:13:51,440 Speaker 1: So? 307 00:13:51,480 --> 00:13:54,280 Speaker 4: Obviously you have a seven figure business that's very sexy. 308 00:13:54,640 --> 00:13:57,800 Speaker 4: Your partner is an entrepreneur as well. What kind of 309 00:13:57,840 --> 00:14:00,959 Speaker 4: income is he generating feel like this is a power 310 00:14:00,960 --> 00:14:04,199 Speaker 4: couple team sitch. What's going on on the flip side. 311 00:14:04,800 --> 00:14:08,000 Speaker 3: So he has a gym yeap that is earning high 312 00:14:08,080 --> 00:14:11,480 Speaker 3: six figures, very cool, And my business is set up 313 00:14:11,480 --> 00:14:13,079 Speaker 3: as a company. He's a set up as a trust. Yeah, 314 00:14:13,440 --> 00:14:17,080 Speaker 3: and so we are in the process of reorganizing all 315 00:14:17,080 --> 00:14:19,480 Speaker 3: of this and restructuring at the moment. Because it's a trust, 316 00:14:19,520 --> 00:14:21,280 Speaker 3: he gets one hundred percent of the profits that he 317 00:14:21,280 --> 00:14:25,360 Speaker 3: can diversify how he likes, and so he is arguably 318 00:14:25,480 --> 00:14:28,800 Speaker 3: more well off than me in terms of how much 319 00:14:28,840 --> 00:14:32,360 Speaker 3: he actually receives and pays himself. But yeah, power couple 320 00:14:32,520 --> 00:14:35,520 Speaker 3: in saying that, I think probably in pocket it's one 321 00:14:35,600 --> 00:14:37,440 Speaker 3: hundred and fifty to two hundred thousand dollars a year 322 00:14:37,560 --> 00:14:38,800 Speaker 3: that he's pulling in. 323 00:14:39,040 --> 00:14:41,560 Speaker 4: Yeah, that's quite cool, and it's just nice context to 324 00:14:41,600 --> 00:14:45,160 Speaker 4: have because sometimes we ask these questions and we go, okay, well, 325 00:14:45,200 --> 00:14:48,360 Speaker 4: like one investment property a year, that's fantastic, But you've 326 00:14:48,360 --> 00:14:50,640 Speaker 4: also just said you only pull out one twenty. Yes, 327 00:14:50,680 --> 00:14:52,840 Speaker 4: you could pull out more for equity and all of that, 328 00:14:52,920 --> 00:14:55,480 Speaker 4: and you know, deposits, But like, what is on the 329 00:14:55,480 --> 00:14:58,480 Speaker 4: flip side of this, Like what's your partner contributing because 330 00:14:58,640 --> 00:15:00,680 Speaker 4: at the end of the day, obviously double income is 331 00:15:00,720 --> 00:15:02,920 Speaker 4: double power and is going to enable you to be 332 00:15:02,960 --> 00:15:06,440 Speaker 4: able to achieve these goals. I want to ask a 333 00:15:06,480 --> 00:15:09,240 Speaker 4: bit more about these investment properties though. Are we buying 334 00:15:09,240 --> 00:15:11,760 Speaker 4: a million dollar property? Are we buying five hundred thousand 335 00:15:11,760 --> 00:15:15,480 Speaker 4: dollar properties? What do these investment properties each year kind 336 00:15:15,520 --> 00:15:16,080 Speaker 4: of look like? 337 00:15:16,120 --> 00:15:17,240 Speaker 2: What's the budget on those? 338 00:15:18,000 --> 00:15:19,880 Speaker 3: Yeah, so we're looking around. I mean, it depends on 339 00:15:19,880 --> 00:15:22,640 Speaker 3: what we're buying. We've actually got some support with this 340 00:15:22,880 --> 00:15:25,840 Speaker 3: from a company in Australia that helps you to find 341 00:15:25,840 --> 00:15:29,120 Speaker 3: the right investment properties for your goals. And so we 342 00:15:29,200 --> 00:15:31,480 Speaker 3: are looking around the five hundred to seven fifty mark 343 00:15:32,000 --> 00:15:35,080 Speaker 3: for the properties. We're not buying dream properties. 344 00:15:34,840 --> 00:15:36,280 Speaker 2: You're buying investment properties. 345 00:15:36,440 --> 00:15:39,440 Speaker 3: Yeah, properties that are set in good areas, that are 346 00:15:39,440 --> 00:15:40,920 Speaker 3: set to go up, that are set to rise, that 347 00:15:40,960 --> 00:15:41,840 Speaker 3: have good rental yield. 348 00:15:41,960 --> 00:15:43,880 Speaker 4: Okay, I was about to say, what are we going for? 349 00:15:43,920 --> 00:15:46,200 Speaker 4: Are we're going through growth? Are we going for rental yield? 350 00:15:46,200 --> 00:15:48,960 Speaker 4: But you have nailed both and that's really exciting. Let's 351 00:15:48,960 --> 00:15:50,880 Speaker 4: go to a really quick break because on the flip side, 352 00:15:50,920 --> 00:15:53,280 Speaker 4: I want to know about your current investments, your current 353 00:15:53,360 --> 00:15:55,880 Speaker 4: debt that you mentioned and your best and worst money habits. 354 00:15:55,880 --> 00:15:57,280 Speaker 4: Because I feel like I've got a lot to learn 355 00:15:57,320 --> 00:16:04,640 Speaker 4: from you. So guys, do not go anywhere. All right, 356 00:16:04,720 --> 00:16:06,760 Speaker 4: we are back and I want to dive straight in. 357 00:16:07,400 --> 00:16:10,520 Speaker 4: You mentioned that you have a very aggressive goal of 358 00:16:10,560 --> 00:16:13,240 Speaker 4: buying three investment properties over the next three years, which 359 00:16:13,240 --> 00:16:16,800 Speaker 4: is very very exciting. But you currently invest if so 360 00:16:17,000 --> 00:16:18,320 Speaker 4: in wash If not? 361 00:16:18,680 --> 00:16:19,040 Speaker 2: Why not? 362 00:16:19,920 --> 00:16:22,360 Speaker 3: Yeah, so we do invest. I did the crypto thing 363 00:16:22,400 --> 00:16:25,040 Speaker 3: for a while and then lost a lot of money. 364 00:16:25,080 --> 00:16:26,400 Speaker 2: Wow, I'm so surprised. 365 00:16:26,880 --> 00:16:27,840 Speaker 3: Yeah, how weird. 366 00:16:28,160 --> 00:16:29,640 Speaker 2: Right, I'm so rude. 367 00:16:29,720 --> 00:16:32,880 Speaker 3: So sorry, No, you are so fine. It was just 368 00:16:32,920 --> 00:16:34,920 Speaker 3: one of those things like in the business world, and 369 00:16:34,960 --> 00:16:36,600 Speaker 3: you will know this Victorian more than anything. 370 00:16:36,640 --> 00:16:40,360 Speaker 2: Like, there are a lot of males, really yeah, have 371 00:16:40,440 --> 00:16:41,800 Speaker 2: you had a finance. 372 00:16:43,200 --> 00:16:46,000 Speaker 3: Very much the same except that probably they're a bit smarter. 373 00:16:46,280 --> 00:16:47,000 Speaker 2: I don't know about that. 374 00:16:47,040 --> 00:16:48,440 Speaker 3: So we have a lot of guys and being like, yeah, 375 00:16:48,440 --> 00:16:49,760 Speaker 3: this is going to go off. You'd be crazy not too. 376 00:16:49,800 --> 00:16:52,080 Speaker 3: I made eight figures on these blah blah blah whatever. Yeah, yeah, 377 00:16:52,120 --> 00:16:53,760 Speaker 3: so you know, two good to be Jery. Let's throws 378 00:16:53,760 --> 00:16:55,880 Speaker 3: of money in there and low and behold, let's get 379 00:16:55,920 --> 00:16:58,120 Speaker 3: our money out of there before we sink it to zero. Yeah, 380 00:16:58,120 --> 00:17:00,880 Speaker 3: it would be awesome, So we did that. Now we 381 00:17:00,920 --> 00:17:04,800 Speaker 3: do have investments, we use Vanguard, so we do just 382 00:17:05,000 --> 00:17:07,719 Speaker 3: split it up like just across the five hundred top companies. 383 00:17:07,760 --> 00:17:10,280 Speaker 3: Like it's very much just a low return. I think 384 00:17:10,280 --> 00:17:13,080 Speaker 3: a seven to eight percent return on investment. We've been 385 00:17:13,080 --> 00:17:14,160 Speaker 3: doing that for two years. 386 00:17:14,400 --> 00:17:15,280 Speaker 2: That's pretty good. 387 00:17:15,640 --> 00:17:18,560 Speaker 3: Yeah, I mean it's better than sitting at. 388 00:17:18,520 --> 00:17:22,240 Speaker 4: Your bank account one hundred percentity. You mentioned Vanguard. Why Vanguard? 389 00:17:22,359 --> 00:17:25,240 Speaker 4: What research did you do before making that decision? And 390 00:17:25,600 --> 00:17:26,600 Speaker 4: I guess why that one? 391 00:17:27,160 --> 00:17:29,560 Speaker 3: Not a lot? To be honest, I've had some money mentors. 392 00:17:29,680 --> 00:17:32,240 Speaker 3: So I've had some mentors who, in lots of different 393 00:17:32,240 --> 00:17:34,520 Speaker 3: ways have been making a lot of money. So we've 394 00:17:34,520 --> 00:17:38,960 Speaker 3: had some real estate mentorship, We've had some investment mentorship, 395 00:17:39,040 --> 00:17:40,760 Speaker 3: and we've kind of taken what we've loved from all 396 00:17:40,840 --> 00:17:42,480 Speaker 3: of them. I don't believe any one way is right, 397 00:17:42,560 --> 00:17:44,760 Speaker 3: but it's definitely something that I've invested in learning about. 398 00:17:44,760 --> 00:17:47,760 Speaker 3: I think that with money, you know, when it comes 399 00:17:47,760 --> 00:17:50,960 Speaker 3: to getting a financial advisor, you can't just put your 400 00:17:51,119 --> 00:17:54,439 Speaker 3: entire trust in somebody else's knowledge. I think when it 401 00:17:54,440 --> 00:17:56,080 Speaker 3: comes to your money you really have to take the 402 00:17:56,080 --> 00:17:59,320 Speaker 3: time to upskill and understand for yourself what it really means. 403 00:17:59,680 --> 00:18:02,160 Speaker 3: Instead saying that the Vanguard it was a really easy 404 00:18:02,200 --> 00:18:04,440 Speaker 3: process for us. It seemed to have like really strong 405 00:18:04,480 --> 00:18:07,520 Speaker 3: brand name, really strong return on investment, Like it was 406 00:18:07,640 --> 00:18:10,040 Speaker 3: very solid, and it felt very safe for me as 407 00:18:10,080 --> 00:18:12,840 Speaker 3: a first dip in. So we just took the advice 408 00:18:12,880 --> 00:18:15,480 Speaker 3: that we were given. I threw five hundred dollars in 409 00:18:15,520 --> 00:18:18,400 Speaker 3: there a week and so that just over time has 410 00:18:18,440 --> 00:18:19,919 Speaker 3: just built and built and built and built, and now 411 00:18:19,920 --> 00:18:22,760 Speaker 3: I think we have about forty or fifty thousand dollars 412 00:18:22,800 --> 00:18:24,199 Speaker 3: in there, which is really nice. 413 00:18:24,440 --> 00:18:26,240 Speaker 2: Yeah, that is so cool. 414 00:18:26,320 --> 00:18:28,520 Speaker 4: I like to be pervy because I'm always like, well, 415 00:18:28,560 --> 00:18:29,680 Speaker 4: how did you make that decision? 416 00:18:29,720 --> 00:18:31,640 Speaker 2: What did that look like? Where did that go? 417 00:18:31,720 --> 00:18:34,520 Speaker 4: Because obviously I've heard of Vanguard before, but I like 418 00:18:34,640 --> 00:18:37,720 Speaker 4: understanding how our community members come to the decision to 419 00:18:37,840 --> 00:18:41,200 Speaker 4: invest in a particular asset, because it can be overwhelming, 420 00:18:41,280 --> 00:18:43,959 Speaker 4: it can be uninspiring, it can just be, you know, 421 00:18:44,040 --> 00:18:45,919 Speaker 4: something that you put off and I'm so glad you 422 00:18:45,960 --> 00:18:49,040 Speaker 4: didn't because look how much it's compounded over time and 423 00:18:49,080 --> 00:18:51,879 Speaker 4: that return on average and that seven to nine percent 424 00:18:51,960 --> 00:18:53,160 Speaker 4: that you mentioned. 425 00:18:53,200 --> 00:18:55,760 Speaker 2: That is actually on track. 426 00:18:55,640 --> 00:18:58,320 Speaker 4: For meaning that your money will double every ten years. 427 00:18:58,560 --> 00:19:01,640 Speaker 4: That's really sexy. Your money is going to double every 428 00:19:01,640 --> 00:19:04,440 Speaker 4: ten years if it stays at that interest rate, which 429 00:19:04,800 --> 00:19:09,320 Speaker 4: historically it has Like sorry, but slay. 430 00:19:09,800 --> 00:19:11,520 Speaker 3: And I think like the biggest thing for me was 431 00:19:12,040 --> 00:19:14,720 Speaker 3: like I grew up hoarding money right because I was 432 00:19:14,760 --> 00:19:17,640 Speaker 3: so scared that it was going to disappear at one stage, 433 00:19:17,720 --> 00:19:20,440 Speaker 3: and so it had to be a safe investment initially, 434 00:19:20,560 --> 00:19:22,280 Speaker 3: Like so he invested in bangal before he invested in 435 00:19:22,280 --> 00:19:25,800 Speaker 3: crypto because I was so scared. I was so so 436 00:19:25,800 --> 00:19:28,520 Speaker 3: so scared to put my money into something. But I 437 00:19:28,600 --> 00:19:31,399 Speaker 3: also had done so much research and everything said that 438 00:19:31,400 --> 00:19:33,439 Speaker 3: if you just leave it in your bank account, with 439 00:19:33,560 --> 00:19:36,320 Speaker 3: inflation and all of the things, like, it's just going 440 00:19:36,359 --> 00:19:39,159 Speaker 3: to go backwards. And I truly believed it, understood it 441 00:19:39,160 --> 00:19:40,679 Speaker 3: from a core level, and I was like, I have 442 00:19:40,760 --> 00:19:41,800 Speaker 3: to do something with this money. 443 00:19:41,880 --> 00:19:44,800 Speaker 4: I love this. That makes me so excited. All right, 444 00:19:44,920 --> 00:19:47,440 Speaker 4: let's move on from investments. I want to know about debt. 445 00:19:47,600 --> 00:19:50,359 Speaker 4: You mentioned before that you currently have some debt on 446 00:19:50,400 --> 00:19:51,000 Speaker 4: a property. 447 00:19:51,800 --> 00:19:52,720 Speaker 2: Talk to me about that. 448 00:19:53,200 --> 00:19:56,160 Speaker 4: Why does someone who has a seven figure business still 449 00:19:56,160 --> 00:19:58,359 Speaker 4: have debt on their property? I know why, because I do. 450 00:19:58,760 --> 00:20:01,399 Speaker 4: But we're just asking for everybody else involved. 451 00:20:01,840 --> 00:20:04,080 Speaker 3: Our properties a million dollars. I would love to have 452 00:20:04,080 --> 00:20:05,720 Speaker 3: had a million dollars to sink at this thing. 453 00:20:05,600 --> 00:20:06,600 Speaker 2: All the same same. 454 00:20:07,000 --> 00:20:12,000 Speaker 3: Yeah, that would be amazing. Look, I again have done 455 00:20:12,000 --> 00:20:14,479 Speaker 3: a fair bit of research on this, and you know, 456 00:20:14,720 --> 00:20:18,960 Speaker 3: I really believe that debt, if structure correctly, is actually 457 00:20:19,040 --> 00:20:23,560 Speaker 3: a really powerful way to grow your wealth. And so 458 00:20:24,080 --> 00:20:26,879 Speaker 3: we have been doing a lot of research on the 459 00:20:26,920 --> 00:20:29,200 Speaker 3: fact that, like, if you can put down the investment 460 00:20:29,280 --> 00:20:30,920 Speaker 3: and you can pay it down and you can get 461 00:20:30,920 --> 00:20:33,440 Speaker 3: people in the property the way that debt is structured. 462 00:20:33,480 --> 00:20:35,040 Speaker 3: And I won't get into it too deeply because I'm 463 00:20:35,040 --> 00:20:37,280 Speaker 3: sure you know, but it's quite tricky that it feels 464 00:20:37,280 --> 00:20:39,640 Speaker 3: really safe and really good. So for us to finance 465 00:20:39,640 --> 00:20:41,480 Speaker 3: the house and still have the cash flow to be 466 00:20:41,520 --> 00:20:44,040 Speaker 3: able to finance another property was more important to us 467 00:20:44,080 --> 00:20:45,640 Speaker 3: than just paying down the debt on this one. 468 00:20:45,760 --> 00:20:50,359 Speaker 4: No, I agree wholeheartedly. And it's interesting because I think 469 00:20:50,400 --> 00:20:52,600 Speaker 4: that there's this grand assumption that if you have a 470 00:20:52,640 --> 00:20:55,960 Speaker 4: seven figure business, you wouldn't have any debt, right like 471 00:20:56,000 --> 00:20:58,080 Speaker 4: you just own all of your assets out right, And 472 00:20:58,640 --> 00:21:01,679 Speaker 4: to me, that doesn't make a lot of sense when 473 00:21:01,720 --> 00:21:04,639 Speaker 4: you actually start to do the maths. So let's just 474 00:21:04,720 --> 00:21:07,399 Speaker 4: go with the averages. So the average mortgage at the 475 00:21:07,400 --> 00:21:10,399 Speaker 4: moment is about five point six percent, or that's what 476 00:21:10,520 --> 00:21:12,679 Speaker 4: you know we're looking at at the moment with the 477 00:21:12,720 --> 00:21:16,040 Speaker 4: current market. And you just mentioned that your investment portfolio 478 00:21:16,119 --> 00:21:18,439 Speaker 4: is returning seven to nine percent, So you kind of 479 00:21:18,480 --> 00:21:21,080 Speaker 4: look at the maths and go, if you're making smart 480 00:21:21,080 --> 00:21:24,639 Speaker 4: money decisions, maybe I would be investing or putting my 481 00:21:24,760 --> 00:21:28,480 Speaker 4: money in an offset account to my mortgage to bang up. 482 00:21:28,600 --> 00:21:31,720 Speaker 4: And I like having these conversations because I think that 483 00:21:31,880 --> 00:21:34,679 Speaker 4: money can be really overwhelming and it can make you 484 00:21:34,760 --> 00:21:35,240 Speaker 4: feel like. 485 00:21:35,320 --> 00:21:37,000 Speaker 2: Debt is the absolute devil. 486 00:21:37,119 --> 00:21:39,760 Speaker 4: And please don't get me wrong, there is a difference 487 00:21:39,800 --> 00:21:42,200 Speaker 4: between good, bad, and okay debt, and I have been 488 00:21:42,240 --> 00:21:44,240 Speaker 4: in bad debt and that was the devil. 489 00:21:44,440 --> 00:21:46,800 Speaker 2: Like, we do not want to be in lots and 490 00:21:46,840 --> 00:21:48,040 Speaker 2: lots of personal. 491 00:21:47,680 --> 00:21:50,200 Speaker 4: Debt, but now I am in lots of wealth debt, 492 00:21:50,840 --> 00:21:53,040 Speaker 4: and I do have a property and last year my 493 00:21:53,119 --> 00:21:56,400 Speaker 4: husband and I bought our first investment property and we're 494 00:21:56,440 --> 00:21:59,360 Speaker 4: so excited about that. We're in millions of dollars worth 495 00:21:59,400 --> 00:22:03,600 Speaker 4: of debt. But once you have that financial security, and 496 00:22:03,640 --> 00:22:05,879 Speaker 4: that freedom, and you know some money in your offset, 497 00:22:05,920 --> 00:22:08,119 Speaker 4: and you know that you're using your equity to leverage 498 00:22:08,119 --> 00:22:10,879 Speaker 4: yourself into the next property. You're not thinking about the 499 00:22:10,920 --> 00:22:13,880 Speaker 4: next twelve months. You are when it comes to mortgage repayments, 500 00:22:13,880 --> 00:22:17,280 Speaker 4: because that's terrifying sometimes, but you're actually looking at Okay, well, 501 00:22:17,320 --> 00:22:19,000 Speaker 4: what does this look like in the next seven to 502 00:22:19,080 --> 00:22:21,200 Speaker 4: ten years, what does this look like in twenty years? 503 00:22:21,359 --> 00:22:24,919 Speaker 4: How is this working towards me supplying my family with 504 00:22:25,000 --> 00:22:27,679 Speaker 4: a level of financial freedom? And they're the decisions that 505 00:22:27,720 --> 00:22:30,880 Speaker 4: we're making. So if you boiled it down, I mean 506 00:22:31,240 --> 00:22:33,680 Speaker 4: the debt you're in, the debt I'm in, it's terrifying 507 00:22:33,720 --> 00:22:37,200 Speaker 4: on paper, but once you have a bigger idea of 508 00:22:37,240 --> 00:22:41,879 Speaker 4: what your financial freedom looks like and what you're working towards. Unfortunately, 509 00:22:41,920 --> 00:22:44,960 Speaker 4: and I'm probably preaching to the converted here, because you 510 00:22:45,000 --> 00:22:47,040 Speaker 4: would know that there is only so many hours in 511 00:22:47,080 --> 00:22:49,440 Speaker 4: a week that we can work, like, we can only 512 00:22:49,480 --> 00:22:52,359 Speaker 4: generate income, Like, let's pretend for forty hours a week, 513 00:22:52,840 --> 00:22:55,480 Speaker 4: and then how is our money working as hard as 514 00:22:55,480 --> 00:22:57,760 Speaker 4: we do for it? So how do we put it 515 00:22:57,800 --> 00:23:00,800 Speaker 4: to work so that it's creating wealth for us while 516 00:23:00,800 --> 00:23:01,200 Speaker 4: we are. 517 00:23:01,119 --> 00:23:03,439 Speaker 2: Sleeping and that's a privilege. 518 00:23:03,520 --> 00:23:06,159 Speaker 4: Like, obviously you have to work really damn hard, and 519 00:23:06,280 --> 00:23:08,720 Speaker 4: sometimes luck comes into it, because there are lots of 520 00:23:08,760 --> 00:23:11,280 Speaker 4: people out there that work really, really hard and still 521 00:23:11,320 --> 00:23:13,399 Speaker 4: are like Victoria, There's no way I can run a 522 00:23:13,400 --> 00:23:15,320 Speaker 4: seven figure business at this point in time. 523 00:23:15,480 --> 00:23:17,240 Speaker 2: I have three kids, I'm a single mum. Like, this 524 00:23:17,280 --> 00:23:18,240 Speaker 2: is really overwhelming. 525 00:23:18,600 --> 00:23:20,760 Speaker 4: I totally get that, and I don't want those people 526 00:23:20,800 --> 00:23:22,879 Speaker 4: to not feel heard. But I also want you to 527 00:23:22,960 --> 00:23:25,679 Speaker 4: go wow, like there's options on the table for me 528 00:23:25,800 --> 00:23:28,600 Speaker 4: to create a different life, and you've done that, and 529 00:23:28,640 --> 00:23:29,880 Speaker 4: that's so cool to go. 530 00:23:30,240 --> 00:23:31,280 Speaker 2: Hey, I grew up and. 531 00:23:31,240 --> 00:23:34,480 Speaker 4: I thought that, you know, people with money were dirty 532 00:23:34,600 --> 00:23:37,240 Speaker 4: and slimy and icky, and I never wanted to be 533 00:23:37,320 --> 00:23:39,880 Speaker 4: one of those people. And now you're one of those people, 534 00:23:40,280 --> 00:23:43,840 Speaker 4: and you know that that's not the reality of the circumstances, 535 00:23:43,920 --> 00:23:47,880 Speaker 4: Like that's not who you are or what that actually means. 536 00:23:47,960 --> 00:23:50,480 Speaker 4: So I want to know what do you think your 537 00:23:50,520 --> 00:23:53,560 Speaker 4: best money habits? I want to learn from you, but 538 00:23:53,640 --> 00:23:55,280 Speaker 4: also I just want to copy all your best money 539 00:23:55,280 --> 00:23:56,679 Speaker 4: habits because I feel like you've got lots. 540 00:23:58,160 --> 00:24:01,560 Speaker 3: So I read ten pages of a book on finance. 541 00:24:01,800 --> 00:24:03,480 Speaker 2: Do you want to be hired? By ess all the money, 542 00:24:03,640 --> 00:24:04,760 Speaker 2: because I don't even do that. 543 00:24:06,720 --> 00:24:08,280 Speaker 3: I have one hundred and twenty caps. So if you 544 00:24:08,320 --> 00:24:09,600 Speaker 3: can just make sure you meet. 545 00:24:09,400 --> 00:24:12,160 Speaker 4: That, yeah, easy done. Well, you read ten pages a day. 546 00:24:12,240 --> 00:24:13,119 Speaker 4: It's small than I do. 547 00:24:14,520 --> 00:24:16,399 Speaker 3: But I've only recently made that commitment to myself, and 548 00:24:16,400 --> 00:24:17,639 Speaker 3: I'd be lying if I said it was every day. 549 00:24:17,640 --> 00:24:18,640 Speaker 3: It's not about three days a week. 550 00:24:18,720 --> 00:24:20,080 Speaker 2: But that's good. We've got a goal. 551 00:24:20,640 --> 00:24:22,399 Speaker 3: Yeah, we have a goal. Every day will be ideal. 552 00:24:22,840 --> 00:24:23,879 Speaker 3: It's also dry. 553 00:24:24,280 --> 00:24:26,720 Speaker 4: FYI guys, hold on, hold on, hold on, hold on 554 00:24:27,160 --> 00:24:28,040 Speaker 4: which book you're reading? 555 00:24:28,080 --> 00:24:29,600 Speaker 2: Is it mine? Because if it is, like we need 556 00:24:29,640 --> 00:24:30,240 Speaker 2: to cut this out? 557 00:24:30,400 --> 00:24:33,160 Speaker 3: Oh my gosh, no, it's not yours. I have read 558 00:24:33,200 --> 00:24:33,800 Speaker 3: yours both. 559 00:24:34,200 --> 00:24:35,080 Speaker 2: I'm joking. 560 00:24:35,359 --> 00:24:37,879 Speaker 4: I'm assuming you wouldn't be as silly as calling my 561 00:24:37,920 --> 00:24:41,640 Speaker 4: book dried to my face? Right, yeah, no, my fashion, 562 00:24:43,520 --> 00:24:45,320 Speaker 4: I'd be like, Wow, this lady has audacity. 563 00:24:45,359 --> 00:24:49,200 Speaker 3: I like it. Yeah, she's hired. So I tried three 564 00:24:49,240 --> 00:24:51,560 Speaker 3: ten pages of a finance book. And the other thing 565 00:24:51,560 --> 00:24:54,159 Speaker 3: that I think that my best money habit, to be honest, 566 00:24:54,240 --> 00:24:56,800 Speaker 3: is I track my cash really well. So having a business, 567 00:24:56,800 --> 00:24:58,520 Speaker 3: you have to understand the numbers, Like, yeah, I have 568 00:24:58,600 --> 00:25:00,480 Speaker 3: avoided the numbers in business, many men many times, and 569 00:25:00,520 --> 00:25:04,040 Speaker 3: I have almost lost businesses because of the avoidance of 570 00:25:04,080 --> 00:25:07,280 Speaker 3: looking at numbers because of fear of money. And so 571 00:25:07,920 --> 00:25:13,120 Speaker 3: now I have dissociated self from the dollar figure, which 572 00:25:13,160 --> 00:25:15,560 Speaker 3: I think in Australia we're just so culturally conditioned to 573 00:25:16,680 --> 00:25:18,760 Speaker 3: our worth is tied up in what we earn or 574 00:25:18,800 --> 00:25:21,040 Speaker 3: how much money we have, and it's really hard. Like, 575 00:25:21,080 --> 00:25:22,680 Speaker 3: for example, a lot of people won't start a business 576 00:25:22,720 --> 00:25:25,320 Speaker 3: because they're terrified that they won't make any money. And 577 00:25:25,359 --> 00:25:28,000 Speaker 3: what they're really terrified of is you know that people 578 00:25:28,000 --> 00:25:29,560 Speaker 3: are going to say no to them. They're gonta get rejected, 579 00:25:29,600 --> 00:25:31,520 Speaker 3: that means something about them if they aren't able to 580 00:25:31,520 --> 00:25:34,440 Speaker 3: make the money that they want. And so I'm really 581 00:25:34,840 --> 00:25:40,000 Speaker 3: passionate about making sure that i have dissociated self from 582 00:25:40,280 --> 00:25:42,080 Speaker 3: dollar figure, and so I'm really good at looking at 583 00:25:42,080 --> 00:25:44,199 Speaker 3: my numbers, really good at tracking the income, there are 584 00:25:44,280 --> 00:25:45,440 Speaker 3: goings and those sorts of things. 585 00:25:45,560 --> 00:25:46,000 Speaker 2: I love that. 586 00:25:46,080 --> 00:25:48,359 Speaker 4: I think it's really important to make that you aren't 587 00:25:48,440 --> 00:25:52,360 Speaker 4: the money you earn. I think that that really aligns 588 00:25:52,400 --> 00:25:55,480 Speaker 4: to that historical belief you have that money is dirty 589 00:25:55,520 --> 00:25:57,359 Speaker 4: and the people who have money are dirty because the 590 00:25:57,400 --> 00:25:59,600 Speaker 4: reality of it is. There are slimee bags who are 591 00:25:59,600 --> 00:26:03,600 Speaker 4: worth nothing, and there are some really really gross people 592 00:26:03,600 --> 00:26:06,440 Speaker 4: who are really really rich. But there are also some 593 00:26:06,760 --> 00:26:09,560 Speaker 4: really rich people who do really beautiful things for our world. 594 00:26:09,680 --> 00:26:12,520 Speaker 4: And it's actually a choice as to who you become. 595 00:26:12,920 --> 00:26:15,760 Speaker 4: It's not the money's fault. It's actually yours for being 596 00:26:15,840 --> 00:26:18,560 Speaker 4: all consumed by it. And I think that it's a 597 00:26:18,600 --> 00:26:21,480 Speaker 4: really nice point. But I mean, you're in mentoring, so 598 00:26:21,480 --> 00:26:23,240 Speaker 4: it would be naive of me to not try and 599 00:26:23,280 --> 00:26:26,760 Speaker 4: take this opportunity. What would you say to people who 600 00:26:27,400 --> 00:26:29,440 Speaker 4: you know are listening to this and going, Wow, she's 601 00:26:29,480 --> 00:26:31,960 Speaker 4: so inspiring, Like she started her own business. She's gone 602 00:26:31,960 --> 00:26:33,240 Speaker 4: from having a mindset. 603 00:26:32,840 --> 00:26:35,920 Speaker 2: That I might have. How can we inspire. 604 00:26:35,600 --> 00:26:37,240 Speaker 4: Those people to take the next step and maybe just 605 00:26:37,280 --> 00:26:39,600 Speaker 4: give it a go, Like give it a shot, like 606 00:26:39,760 --> 00:26:41,400 Speaker 4: work out what they want to do if they want 607 00:26:41,400 --> 00:26:43,440 Speaker 4: to start a business, or even just add a revenue 608 00:26:43,440 --> 00:26:44,479 Speaker 4: stream to their lives. 609 00:26:44,520 --> 00:26:46,960 Speaker 2: Like what would be your advice to them? 610 00:26:47,440 --> 00:26:48,480 Speaker 3: I'm going to say two things. 611 00:26:48,560 --> 00:26:50,480 Speaker 2: You can say as many as you like. I'm here 612 00:26:50,480 --> 00:26:50,720 Speaker 2: for it. 613 00:26:50,800 --> 00:26:53,119 Speaker 4: If this is basically free coaching, guys, she has a 614 00:26:53,160 --> 00:26:55,720 Speaker 4: seven figure business. I'm assuming it's not cheap. 615 00:26:57,560 --> 00:26:59,560 Speaker 3: So The first thing I'll say is like you have 616 00:26:59,600 --> 00:27:01,840 Speaker 3: to be pasted about it. It has to be something 617 00:27:01,840 --> 00:27:03,520 Speaker 3: that really lights you up, because it's not always fun 618 00:27:03,560 --> 00:27:05,600 Speaker 3: running a business, and there are a lot of like, 619 00:27:05,880 --> 00:27:07,639 Speaker 3: you know, not fun things you have to do. I 620 00:27:07,640 --> 00:27:10,680 Speaker 3: think in anything in life, anything worth having, isn't always fun. 621 00:27:10,680 --> 00:27:12,040 Speaker 3: Like if you know, we own a gym, if you 622 00:27:12,040 --> 00:27:15,000 Speaker 3: want to, you know, get fit or lose five killos 623 00:27:15,119 --> 00:27:17,320 Speaker 3: or build abs, like or you want to become an athlete, 624 00:27:17,400 --> 00:27:19,160 Speaker 3: like you have to do the boring work as well 625 00:27:19,200 --> 00:27:21,280 Speaker 3: as the fun stuff. And so I think that as 626 00:27:21,320 --> 00:27:22,840 Speaker 3: the case in business as well, Like you have to 627 00:27:22,840 --> 00:27:24,479 Speaker 3: be okay with the fact that sometimes it's not going 628 00:27:24,520 --> 00:27:26,639 Speaker 3: to be fun, but if you're passionate about what you do, 629 00:27:26,680 --> 00:27:28,959 Speaker 3: it will be so much easier. So find the thing 630 00:27:28,960 --> 00:27:31,400 Speaker 3: that you're passionate about, and then don't quit your day job, 631 00:27:32,280 --> 00:27:35,399 Speaker 3: Like don't quit your day job, like make sure it's working, 632 00:27:35,680 --> 00:27:38,239 Speaker 3: like learn like understand the numbers, Like money coming in 633 00:27:38,359 --> 00:27:40,399 Speaker 3: is not all your money, Like I did believe that 634 00:27:40,440 --> 00:27:41,679 Speaker 3: when I first started my business. 635 00:27:41,760 --> 00:27:43,920 Speaker 4: It's sexy though you see it and you're like wow, 636 00:27:44,000 --> 00:27:46,119 Speaker 4: and then you realize you have to put thirty percent 637 00:27:46,160 --> 00:27:48,480 Speaker 4: aside for tax, and then when you start making more money, 638 00:27:48,520 --> 00:27:50,560 Speaker 4: you're putting ten percent aside for GST and it just 639 00:27:50,600 --> 00:27:52,560 Speaker 4: becomes less and less sexy. And then you hire someone 640 00:27:52,640 --> 00:27:54,560 Speaker 4: you're like, wow, they actually cost money. 641 00:27:54,680 --> 00:27:55,320 Speaker 2: That sucks. 642 00:27:56,320 --> 00:27:57,960 Speaker 3: I work with a lot of startups, and I think 643 00:27:58,000 --> 00:28:00,280 Speaker 3: that in the very beginning, like oh, oh my god, 644 00:28:00,320 --> 00:28:01,520 Speaker 3: I mean ten thousand dollars this month. 645 00:28:01,520 --> 00:28:02,800 Speaker 2: I No, you didn't, Yeah you didn't. 646 00:28:03,320 --> 00:28:05,960 Speaker 3: And second of all, when we actually look at how 647 00:28:06,000 --> 00:28:07,720 Speaker 3: much they spent, usually they spent like nine and a 648 00:28:07,760 --> 00:28:09,600 Speaker 3: half thousand. So if you quit your day job, you're 649 00:28:09,600 --> 00:28:11,640 Speaker 3: going to find yourself really quickly in some really hot water. 650 00:28:12,240 --> 00:28:15,360 Speaker 3: And so stay in the day job. Learn to love 651 00:28:15,400 --> 00:28:17,320 Speaker 3: the day job. For the stepping stone of is like 652 00:28:17,400 --> 00:28:20,520 Speaker 3: starting a business from scarcity and desperation to get it 653 00:28:20,520 --> 00:28:22,040 Speaker 3: off the ground and needing the money to come in 654 00:28:22,040 --> 00:28:24,000 Speaker 3: so you can pay for your food is never going 655 00:28:24,040 --> 00:28:27,000 Speaker 3: to grow a business. The energy that is poured into that. 656 00:28:27,080 --> 00:28:28,800 Speaker 3: You can feel it, guys, like if you're on social media, 657 00:28:28,880 --> 00:28:31,000 Speaker 3: you'll have people sliding into your dms and do a 658 00:28:31,000 --> 00:28:33,360 Speaker 3: gross stuff right and like it feels duck. 659 00:28:33,320 --> 00:28:35,760 Speaker 2: Yeah, it totally does. That's such a good point. 660 00:28:35,960 --> 00:28:38,080 Speaker 3: We don't want that in our business, and so just 661 00:28:38,320 --> 00:28:40,240 Speaker 3: two things. Find what you're passionate about, staying your dayjob 662 00:28:40,280 --> 00:28:41,360 Speaker 3: until it's really really working. 663 00:28:41,480 --> 00:28:44,240 Speaker 4: I love that free advice from a seven figure business owner. 664 00:28:44,320 --> 00:28:48,360 Speaker 4: Look at me literally giving you guys hot tips. All right, 665 00:28:48,520 --> 00:28:49,560 Speaker 4: let's bring the mood down. 666 00:28:49,600 --> 00:28:49,760 Speaker 1: Though. 667 00:28:49,800 --> 00:28:51,880 Speaker 4: That was fantastic, But we now need to know that 668 00:28:51,920 --> 00:28:55,240 Speaker 4: you're a real human being. What are your worst money happens. 669 00:28:56,040 --> 00:29:00,400 Speaker 3: I definitely have a light addiction to online shopping. 670 00:29:00,560 --> 00:29:02,480 Speaker 2: Oh same, yeah, it's not light though. 671 00:29:02,520 --> 00:29:04,760 Speaker 3: My husband this week was like, there are parcels coming 672 00:29:05,080 --> 00:29:06,960 Speaker 3: every day, like you need to stop, but it was 673 00:29:07,000 --> 00:29:10,800 Speaker 3: on sale, so and also it's just changed seasons. So 674 00:29:11,760 --> 00:29:14,200 Speaker 3: that is something that I've given for the next month. 675 00:29:14,240 --> 00:29:16,960 Speaker 3: For all of November, I have made myself the commitment that. 676 00:29:16,920 --> 00:29:21,160 Speaker 4: I will not buy anymore, no spend November. I like 677 00:29:21,320 --> 00:29:24,880 Speaker 4: that maybe I should implement that. I feel like it's 678 00:29:24,920 --> 00:29:25,360 Speaker 4: a good idea. 679 00:29:25,400 --> 00:29:26,720 Speaker 3: We can do it together if you like, and we 680 00:29:26,720 --> 00:29:27,920 Speaker 3: could hold each other accountable. 681 00:29:28,360 --> 00:29:30,080 Speaker 2: I did it last year with the community. 682 00:29:30,120 --> 00:29:31,960 Speaker 4: Maybe we should do it again because I think so 683 00:29:32,040 --> 00:29:34,840 Speaker 4: many of us are also prepping for Christmas and everything's 684 00:29:34,880 --> 00:29:37,680 Speaker 4: overwhelming and I'm very click happy at the moment, like 685 00:29:37,880 --> 00:29:40,800 Speaker 4: baby stuff like, you wait one day if you decide 686 00:29:40,800 --> 00:29:44,920 Speaker 4: to have kids, My friend, there are so many cute outfits. 687 00:29:44,760 --> 00:29:45,880 Speaker 3: And they need all of them. 688 00:29:46,200 --> 00:29:48,959 Speaker 2: Obviously, they don't even exist yet in this world. 689 00:29:49,040 --> 00:29:50,000 Speaker 3: They are so worthy. 690 00:29:50,080 --> 00:29:55,000 Speaker 4: They've got a whole wardrobe, so good. But I totally 691 00:29:55,080 --> 00:29:58,360 Speaker 4: get that, and I really really like that you feel like, no, actually, 692 00:29:58,360 --> 00:30:00,800 Speaker 4: I'm just like everybody else. Like some people just don't 693 00:30:00,840 --> 00:30:03,840 Speaker 4: shop online, but there's always something like I feel like, 694 00:30:04,520 --> 00:30:08,480 Speaker 4: especially when you're stressed, I feel like going online and 695 00:30:08,600 --> 00:30:10,920 Speaker 4: I'm ready in front of my computer. Ninety nine percent 696 00:30:10,960 --> 00:30:13,080 Speaker 4: of the time, I'm like, oh, I'll just have a 697 00:30:13,120 --> 00:30:16,080 Speaker 4: browse on the Iconic and then next minute there's a 698 00:30:16,080 --> 00:30:17,040 Speaker 4: parcel at my door. 699 00:30:17,680 --> 00:30:20,320 Speaker 3: It's the ads. Like I was literally doing work the 700 00:30:20,320 --> 00:30:22,440 Speaker 3: other day and an ad just popped up on the 701 00:30:22,440 --> 00:30:23,880 Speaker 3: side and I was like, oh, there's that dress that 702 00:30:23,880 --> 00:30:24,480 Speaker 3: I forgot to buy. 703 00:30:24,640 --> 00:30:25,760 Speaker 2: Don't tell them it's working. 704 00:30:25,880 --> 00:30:26,320 Speaker 3: Stop that. 705 00:30:27,680 --> 00:30:29,320 Speaker 4: But it's so true. It's like, Oh, I was looking 706 00:30:29,360 --> 00:30:31,600 Speaker 4: at that last week. You're right, Iconic, I do need that. 707 00:30:31,760 --> 00:30:33,960 Speaker 4: I do need that. Thanks for the reminder. That was 708 00:30:34,080 --> 00:30:36,800 Speaker 4: very friendly and definitely not self indulgent of you guys. 709 00:30:37,320 --> 00:30:38,440 Speaker 3: Thanks for being so helpful. 710 00:30:38,520 --> 00:30:39,800 Speaker 2: Yeah, so helpful. 711 00:30:39,880 --> 00:30:42,680 Speaker 4: I love it all right, Well, money direst we have 712 00:30:42,760 --> 00:30:45,560 Speaker 4: had a really beautiful chap. I'm just obsessed with this 713 00:30:45,680 --> 00:30:49,680 Speaker 4: idea of people changing their entire money mindset. And this 714 00:30:49,720 --> 00:30:53,160 Speaker 4: is such a clear story of you going from money 715 00:30:53,240 --> 00:30:55,960 Speaker 4: is dirty, money is gross, all the way through to 716 00:30:56,400 --> 00:30:59,320 Speaker 4: money is abundance and money is freedom, and money is 717 00:30:59,360 --> 00:31:01,479 Speaker 4: going to help me create this financial freedom. 718 00:31:01,640 --> 00:31:02,520 Speaker 2: You just have this. 719 00:31:03,240 --> 00:31:05,120 Speaker 4: Clear plan of being like, no, no, no, I'm going to 720 00:31:05,120 --> 00:31:07,400 Speaker 4: be working with my accountant and basically buy as advocate, 721 00:31:07,440 --> 00:31:09,480 Speaker 4: and we're going to be buying three houses, and these 722 00:31:09,520 --> 00:31:12,720 Speaker 4: are the budgets for those houses. And you also have 723 00:31:12,800 --> 00:31:16,040 Speaker 4: this bigger, I guess long term goal of settling down 724 00:31:16,280 --> 00:31:20,000 Speaker 4: more with your husband and building this beautiful home on 725 00:31:20,240 --> 00:31:21,120 Speaker 4: acre region. 726 00:31:21,040 --> 00:31:23,200 Speaker 2: That's so sexy, like so exciting. 727 00:31:24,200 --> 00:31:27,000 Speaker 4: Do you think that your b plus is reflective of 728 00:31:27,040 --> 00:31:30,360 Speaker 4: where you're at and if so, why, But if not, 729 00:31:30,600 --> 00:31:31,560 Speaker 4: what would you change it to. 730 00:31:32,520 --> 00:31:34,600 Speaker 3: I do think it is. I think that there is 731 00:31:34,600 --> 00:31:39,080 Speaker 3: always improvement, and I think that I definitely don't know everything. 732 00:31:39,160 --> 00:31:40,840 Speaker 3: I really want to start learning a little bit more 733 00:31:40,840 --> 00:31:43,720 Speaker 3: about superannuation and a few other things, and so I 734 00:31:43,760 --> 00:31:46,440 Speaker 3: would say that, like, I'm probably doing pretty okay you know, 735 00:31:46,480 --> 00:31:49,200 Speaker 3: because I have had the commitment to up leveling and 736 00:31:49,280 --> 00:31:51,640 Speaker 3: up skilling in this area, but at the same time, 737 00:31:51,680 --> 00:31:54,360 Speaker 3: there's so much that I still don't know, and so 738 00:31:54,640 --> 00:31:57,560 Speaker 3: I think that there's a lot of room for improvement. 739 00:31:58,120 --> 00:31:59,920 Speaker 4: I love that, and I love the clarity on that. 740 00:32:00,080 --> 00:32:03,600 Speaker 4: I think that that's really really important. Money Diarist, I 741 00:32:03,720 --> 00:32:06,120 Speaker 4: have adored this chat. I've decided we're going to be 742 00:32:06,160 --> 00:32:08,200 Speaker 4: friends outside of money Doros, like I do with most 743 00:32:08,200 --> 00:32:11,440 Speaker 4: money dirists. This happens all the time, but unfortunately that 744 00:32:11,640 --> 00:32:13,719 Speaker 4: is all we have time for today. So thank you 745 00:32:13,760 --> 00:32:16,400 Speaker 4: so much for being so open and sharing so much 746 00:32:16,480 --> 00:32:19,000 Speaker 4: and also giving us some like free business tips, like 747 00:32:19,040 --> 00:32:22,040 Speaker 4: that's really cool of you. But I have adored this chat, 748 00:32:22,080 --> 00:32:23,800 Speaker 4: and I know our community will too. 749 00:32:23,960 --> 00:32:24,760 Speaker 3: Thank you for having me. 750 00:32:31,080 --> 00:32:33,600 Speaker 4: The advice shared on She's on the Money is general 751 00:32:33,680 --> 00:32:37,520 Speaker 4: in nature and does not consider your individual circumstances. She's 752 00:32:37,560 --> 00:32:41,040 Speaker 4: on the Money exists purely for educational purposes and should 753 00:32:41,040 --> 00:32:44,240 Speaker 4: not be relied upon to make an investment or financial decision. 754 00:32:44,600 --> 00:32:47,080 Speaker 4: If you do choose to buy a financial product, read 755 00:32:47,080 --> 00:32:51,240 Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards 756 00:32:51,240 --> 00:32:51,800 Speaker 4: your needs. 757 00:32:52,160 --> 00:32:54,360 Speaker 2: Victoria Divine and she's on the money. 758 00:32:54,400 --> 00:32:59,320 Speaker 4: Are authorized representatives of money Shoper pty Ltd ABN three 759 00:32:59,360 --> 00:33:02,280 Speaker 4: two one is six four nine two seven seven zero 760 00:33:02,400 --> 00:33:05,160 Speaker 4: eight a f s L four five one two eight 761 00:33:05,240 --> 00:33:07,600 Speaker 4: nine