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

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

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

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

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

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

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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and

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

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Speaker 1: and lasting impact for tomorrow.

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Speaker 2: Let's get into it. She's on the Money.

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Speaker 3: She's on the Money.

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Speaker 4: Hello, and welcome to She's on the Money, the podcast

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Speaker 4: that let's you be pervy about other people's money habits

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Speaker 4: for educational purposes, of course.

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Speaker 2: Welcome back to.

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Speaker 4: Another one of our money daries where I get the

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Speaker 4: absolute pleasure of talking to one of our beautiful She's

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Speaker 4: on the Money community members all about their journey. This week,

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Speaker 4: we got a message and it sounded exactly like this,

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Speaker 4: Dear She's on the Money. I'm thirty three and currently

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Speaker 4: building my dream home, something that simply wouldn't have been

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Speaker 4: possible without my job in the tech sector. I'm not

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Speaker 4: in a technical role, and I didn't take a traditional

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Speaker 4: path to get here. It took a lot of determination,

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Speaker 4: a few lucky breaks, and saying yes to opportunities that

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Speaker 4: felt a little bit out of reach at the time.

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Speaker 4: I'm sharing this to encourage others to explore the tech

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Speaker 4: space even if your background doesn't seem like the perfect fit.

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Speaker 4: There's a real opportunity in this industry and it can

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Speaker 4: be incredibly lucrative, but this often comes with unpredictability. Just

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Speaker 4: three months into my role, half my team was laid off.

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Speaker 4: That experience taught me a lot about future planning. Money Darist.

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Speaker 4: When I heard that this was your story orsa in

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Speaker 4: our inbox, I was.

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Speaker 2: Like, get her on the podcast. This will be so interesting.

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Speaker 2: So I'm excited to chat to you.

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Speaker 4: But before we get there, as always, I have to

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Speaker 4: ask everybody the same question, Money Diarist. If I asked

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Speaker 4: you to give your money habits a grade from A

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Speaker 4: through to F, what grade would you give them?

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Speaker 5: I'm thinking I'll give myself a be maybe a bit plus.

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Speaker 2: I love that.

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Speaker 4: Now my favorite question, can you tell us a little

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Speaker 4: bit more about your money story?

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Speaker 2: Yeah, totally.

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Speaker 5: My attitude towards money, I think was very much shaped

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Speaker 5: by my upbringing, which I didn't realize until I was

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Speaker 5: thinking about my story. I grew up and I guess

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Speaker 5: what you would call like a middle class household, but

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Speaker 5: money was pretty variable when I was growing up. We

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Speaker 5: moved around a bit. Sometimes first my parents were working,

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Speaker 5: sometimes just my dad, like, we always had enough, but

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Speaker 5: money was sometimes quite tight, especially when I was younger.

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Speaker 5: Both my parents come from Eastern Europe, and they like

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Speaker 5: both grew up during Communism, and neither of them had

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Speaker 5: very much back in those days. Like my mum would

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Speaker 5: tell me stories of how she would get an orange

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Speaker 5: for Christmas because they were so hard to find otherwise, like,

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Speaker 5: it's just a completely different way of life, and so

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Speaker 5: I think for them it was really important to work

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Speaker 5: hard and create something for themselves. I kind of put

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Speaker 5: a stake in the ground. So when I was younger,

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Speaker 5: they pulled all their resources into building a house for us,

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Speaker 5: and it was pretty stressful at the time because I

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Speaker 5: think their ambitions were a little bit bigger than their means.

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Speaker 5: I think we didn't really have enough money to fully

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Speaker 5: complete the house, and I saw it caused them a

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Speaker 5: lot of anxiety, a lot of stress. Like I remember

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Speaker 5: as a kid, I would try to not ask them

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Speaker 5: for things because I knew that it would just contribute

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Speaker 5: to that stress more and more. And so yeah, once

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Speaker 5: the house was done enough, we moved in, but it

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Speaker 5: was half finished for many years, so it was kind

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Speaker 5: of like living half construction site half in an actual house.

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Speaker 5: And then yeah, later things improved. We were a little

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Speaker 5: bit more comfortable as I got older and went to

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Speaker 5: high school, but we never really talked about money. My

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Speaker 5: dad mentioned having some investments, we never really discussed it,

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Speaker 5: but I think from a really early age, my parents

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Speaker 5: really instilled this idea of financial stability is super important,

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Speaker 5: and they didn't want me and my sister to go

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Speaker 5: through the challenges that they went through. And so looking back,

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Speaker 5: I think my attitude towards money is very much based

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Speaker 5: on this idea that not having enough money can cause

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Speaker 5: a lot of stress, a lot of anxiety, and that money, yeah,

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Speaker 5: plays I guess, an important role in building stability, in

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Speaker 5: giving you control, giving you freedom, and so yeah, seeing

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Speaker 5: them struggle early on, I kind of realized that I

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Speaker 5: don't want to feel that way, and so that's I

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Speaker 5: guess influenced some of my trajectory, and as I've entered

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Speaker 5: my working life, I've really kind of kept that in

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Speaker 5: the back of my mind, which has ended up with

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Speaker 5: me working in tech. I always pretty interested in people

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Speaker 5: and technology, and I've kind of managed to carve myself

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Speaker 5: a path that combines both of those things. But yeah,

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Speaker 5: I'm not gonna lie like a big drop. Working in

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Speaker 5: tech early on in my life was its ability to

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Speaker 5: kind of set me up for the future.

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Speaker 2: Yeah, totally.

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Speaker 4: And I feel like we all hear it right, like

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Speaker 4: you can make heaps of money in tech. But like then,

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Speaker 4: I guess the conversation up until today has really stopped,

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Speaker 4: like you go, okay, cool, I'm not technical, or I

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Speaker 4: don't understand it, so I don't know what that means.

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Speaker 4: You are thirty three, Now, what age were you when

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Speaker 4: you first started working, Like, was this like your first job?

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Speaker 4: Were you like, okay, cool, I'm eighteen, fresh out of

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Speaker 4: school and we are going to work in tech or

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Speaker 4: what did that journey look like.

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Speaker 5: I think at the back of my mind, I was like,

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Speaker 5: I'd love to work in tech, but it was a

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Speaker 5: bit of a pipe dream at the time. I come

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Speaker 5: from a social science's background, so I studied psychology, which

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Speaker 5: I think you did as well. I did so similar,

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Speaker 5: similar path but different yeah, much different outcomes.

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Speaker 2: But yeah, I started.

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Speaker 5: My first job was actually in government, but I think

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Speaker 5: in the back of my mind, I was always thinking,

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Speaker 5: you know, tech is a it's an area that I'm

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Speaker 5: really interested in. I think it's something that I want

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Speaker 5: to move towards. And so through these kind of little

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Speaker 5: I call them little half steps, I started to move

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Speaker 5: closer and closer to the type of role that I

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Speaker 5: really wanted to have. And so from my government role,

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Speaker 5: I was really fortunate to get a job at a

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Speaker 5: small startup. I wrote a really kind of desperate cover letter,

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Speaker 5: and you know that idea that women don't apply for

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Speaker 5: roles that they don't meet like one hundred percent critera

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Speaker 5: for I really really.

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Speaker 2: Chant I love this though. I was channeling that.

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Speaker 5: Energy and I was amazing. Yeah, I think I met

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Speaker 5: maybe twenty percent of that criteria, but.

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Speaker 2: Whatever, but you got the job. Yeah.

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Speaker 5: I wrote a really passionate cover letter and I looked

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Speaker 5: back at it.

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Speaker 2: No, we don't look back. We don't look back that

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Speaker 2: it's so silly. It was so cringe, But you know

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Speaker 2: what is it cringe? If it worked. Yeah, it worked.

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Speaker 5: I think the lucky thing is I'm a real people

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Speaker 5: person and my interview because it was a startup with

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Speaker 5: the CEO, his dog was in the room and his

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Speaker 5: dog loved me, and I think he took it as

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Speaker 5: a side dogs.

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Speaker 2: No though, dogs no good people. Yeah.

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Speaker 4: I bring my dog to every single recording I do,

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Speaker 4: and she and I are on the same page. If

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Speaker 4: she doesn't like somebody, she lets me know by giving

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Speaker 4: them absolutely no attention, which is very strange from her.

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Speaker 2: But when you know, you know, dogs no. Yeah, So

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Speaker 2: that was my lucky break.

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Speaker 5: I was twenty four at the time, so that was

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Speaker 5: my first kind of forea in the tech world. And

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Speaker 5: then since then, Yeah, it's been a series of I guess,

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Speaker 5: deliberate next steps that I've taken, going from startup to

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Speaker 5: slightly large a tech company to or I find myself now,

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Speaker 5: which is kind of super big tech company I suppose.

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Speaker 5: So that's how I ended up here.

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Speaker 4: So talk to me about what that actually means. So

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Speaker 4: what is your job title, like, what do you do

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Speaker 4: for work? And how much money do you earn?

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Speaker 5: So I'm a user experience researcher and for my salary

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Speaker 5: So compensation and Big Tech is often kind of referred

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Speaker 5: to as total comp total compensation, which includes salary, it

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Speaker 5: includes shares, bonuses. So there's a few different components that

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Speaker 5: make up my total income. My base salary is two

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Speaker 5: hundred thousand.

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Speaker 2: Oh, very nice.

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Speaker 5: It is very nice, yet very very fortunate to have that,

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Speaker 5: and that includes super so that's all included in there.

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Speaker 5: And then a significant portion of my compensation.

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Speaker 2: Is in shares.

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Speaker 5: Okay, Yeah, it's this number fluctuates a lot, especially in

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Speaker 5: recent times, and yeah, it can go up and down

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Speaker 5: really significantly throughout the year, but annually it works out

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Speaker 5: to be anywhere between two hundred to four hundred thousand

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Speaker 5: before tax.

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Speaker 2: It's a lot. Yeah, So how does tax on that work?

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Speaker 4: So you're based in New Zealand, so this is going

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Speaker 4: to be slightly different when answering it. But if you're

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Speaker 4: being issued like between two hundred and four hundred thousand

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Speaker 4: dollars worth of shares, are you having to pay tax

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Speaker 4: on that asset acquisition? And what does that mean for

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Speaker 4: like your cash flow? Because to me, I'm like, oh,

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Speaker 4: like everybody's probably thinking, oh that's great, and I'm like,

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Speaker 4: hold on, hold on, You're giving me this, and I'm

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Speaker 4: incurring a massive tax bill, Like what's the deal?

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Speaker 5: Yeah, yeah, it looks like you know, all that money

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Speaker 5: is like wow, such like as a huge amount of

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Speaker 5: money regardless of the tax, but you do pay income

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Speaker 5: tax on it, and you are responsible for paying that yourself,

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Speaker 5: so I have to pay that annually. I basically end

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Speaker 5: up with a massive tax bill, and my tax bill

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Speaker 5: is so large that I end up having to pay

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Speaker 5: an installments throughout the year. So for example, last year,

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Speaker 5: every four months, I was stung with a forty thousand

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Speaker 5: dollars tax bill.

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Speaker 2: That I am to pay.

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Speaker 4: But also in the long run, like we're not complaining.

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Speaker 4: This is just like part of the cash flow problem,

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Speaker 4: right Like more money, more problems. But the more cash

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Speaker 4: flow you have, obviously, I'm assuming that would mean the

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Speaker 4: more shares would be being issued to you. So even

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Speaker 4: if you quote earned more, I'm assuming this whole total

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Speaker 4: compensation package would increase. So you're always going to have

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Speaker 4: this problem. But I'll pay tax to get a massive asset.

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Speaker 4: But it has to be a value to you, right

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Speaker 4: Like if you didn't value shares or anything like, you'd

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Speaker 4: be like absolutely not.

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Speaker 5: It's a bit it stings a lot the first time

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Speaker 5: you do it, and you almost have to check yourself

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Speaker 5: sometimes because you go, this is so unfair, and then

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Speaker 5: I realize that.

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Speaker 2: This is absolutely fair.

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Speaker 4: Yeah, you're like, oh, okay, Like the entire reason I'm

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Speaker 4: getting these shares is because the company doesn't have the

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Speaker 4: cash flow to pay me half a million dollars a year,

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Speaker 4: and so they're giving me assets and that's going to

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Speaker 4: make me wealthy because I'm assuming you work for a

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Speaker 4: business that you really believe in, so you're assuming that

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Speaker 4: these shares are going to increase in value, right, one

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Speaker 4: hundred percent?

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Speaker 5: Yeah, And you know it's funny you say that, Like

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Speaker 5: sometimes I talk to my workmates because no one else

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Speaker 5: can really relate to this problem totally. I can't talk

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Speaker 5: to my friends about it because they'll just go, you know,

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Speaker 5: what are you talking about?

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Speaker 2: Like it's unrelatable.

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Speaker 4: And also like, oh, no, big worldwide problem like oh money,

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Speaker 4: dist has to pay tax because her workplace remunerated her,

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Speaker 4: so well, like I get it.

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Speaker 5: Yeah, Yeah, it's not the best thing to talk about,

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Speaker 5: but it is a real biggest challenge and something you

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Speaker 5: need to stay across.

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Speaker 4: It's also a cash flow issue, like you have like

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Speaker 4: at the end of the day, as much as like,

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Speaker 4: you know, I think people listen to money diaries because

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Speaker 4: like we so pervy about other people's situations. We're not

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Speaker 4: expecting that every single person is super relatable. Like, but

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Speaker 4: the idea that you're like, hey, I'm going to tell

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Speaker 4: you about this situation.

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Speaker 2: How cool.

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Speaker 4: We now know that there are some businesses that do

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Speaker 4: total compensation and salary packages and shares, and that's what

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Speaker 4: this means.

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Speaker 2: If people are.

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Speaker 4: Being issued shares, they're now responsible for their own tax.

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Speaker 4: And that means that that two hundred thousand dollars salary

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Speaker 4: package you're getting, you're probably actually earning closer to one

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Speaker 4: hundred thousand dollars when it comes down to it, because

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Speaker 4: you're having to allocate so much of that post tax

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Speaker 4: income to paying tax on this asset that you're building.

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Speaker 5: Am I correct, absolutely, yeah, And your tax goes up

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Speaker 5: as well, so you end up hitting much higher tax brackets.

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Speaker 5: You end up paying more tax. I have come up

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Speaker 5: with a bit of a system to help me manage that.

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Speaker 5: So with shares that you get access to them in

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Speaker 5: my company three months, so they vest every three months,

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Speaker 5: and I sell. I usually always sell my shares just

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Speaker 5: to kind of not have all my eggs in one basket.

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Speaker 5: But what I do is I sell sell off my

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Speaker 5: shares and then I allocate a portion to that to tax,

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Speaker 5: and I put it in a high interest savings account

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Speaker 5: until I have to pay it. So I'm kind of

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Speaker 5: trying to make the most of that money before I

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Speaker 5: actually have to pay that tax. So there's a bit

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Speaker 5: of technicality in there, but yeah, it works.

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Speaker 2: Yeah.

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Speaker 4: Absolutely. When you say you sell off shares, are you

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Speaker 4: selling off shares like immediately when you get them, or

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Speaker 4: are you selling them off like after a couple of years.

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Speaker 4: Like I'm only asking because in Australia, if you have

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Speaker 4: a share for less than twelve months, you're hit with

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Speaker 4: like much higher capital gains tax and like much higher

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Speaker 4: tax rates than if you hold them for more than

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Speaker 4: twelve months. Is that something that you experience?

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Speaker 5: So in New Zealand, we don't have a capital gains tax,

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Speaker 5: so it's been less unrelatable.

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Speaker 4: It must be nice, it is, ok, yes, every day.

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Speaker 4: We can stop talking about this now because I might

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Speaker 4: get jellous my.

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Speaker 5: Workmates who are based in Australia yet they have to

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Speaker 5: do that, and I guess the strategy there it really works.

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Speaker 4: That's so rude that you get out of it and

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Speaker 4: then you're like, haha, have fun over there, have fun

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Speaker 4: on the other side of the ditch where tax suck.

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Speaker 2: I mean, Australia's got a lot of good things going

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Speaker 2: for it as well.

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Speaker 4: So no, no, I like, how like it sounds lame,

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Speaker 4: But I do really like our tax system. I think

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Speaker 4: it is incredibly Like there are definitely always places that

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Speaker 4: we could fix and do different things, but I think

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Speaker 4: we have a very fair tax system for the economy

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Speaker 4: that we've built.

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Speaker 5: Yeah, yeah, the tax is interesting, but you know, at

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Speaker 5: the end of the day, I love knowing that that

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Speaker 5: money is being allocated to you know, the courses that

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Speaker 5: need it. And yeah, it's not money that I would

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Speaker 5: rather keep. It makes sense to have to pay it.

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Speaker 5: I should also add as part of my total compensation,

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Speaker 5: there's salary shares. There's also a bonus that I get,

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Speaker 5: so on top of everything else, there is a twenty

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Speaker 5: percent I guess, performance based bonus that I get and

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Speaker 5: obviously that can vary as well, so annually that's yeah,

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Speaker 5: depending on how well I do in my role, it

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Speaker 5: can be up to twenty percent of my salary. So

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Speaker 5: I guess in total, I mean it's a significant amount

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Speaker 5: of cash, but it can be anywhere between like four

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Speaker 5: hundred and eighty to six fifty annually a.

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Speaker 2: Year as a cash bonus. Uh no, that's total. That's total.

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Speaker 5: So the cash bonus is twenty percent of the annual salary.

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Speaker 4: Oh my goodness, that is a lot of money to

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Speaker 4: be dealing with. Talk to me about, like, this is

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Speaker 4: just exciting, like getting pervy, Like you've got like when

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Speaker 4: you give women money, you give them power, and if

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Speaker 4: they've got power, they can create really cool things. So

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Speaker 4: talk to me about your big money goals, Like what

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Speaker 4: are you currently working towards.

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Speaker 5: Yeah, I'm kind of in my like while the sunshines

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Speaker 5: make hay error, yes, And so I think at the

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Speaker 5: back of my mind, I'm very aware of the fact that,

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Speaker 5: like when tick is good, tick is great, and this

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Speaker 5: is not going to last forever. Like I've been super

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Speaker 5: fortunate to have joined my company at a time time

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Speaker 5: where shares were low, so they have increased in value

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Speaker 5: quite a lot since I've been there. And I'm trying

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Speaker 5: to be really mindful of like making sure that I

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Speaker 5: do this money justice and I use it wisely, and

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Speaker 5: I kind of set myself up for success. And so

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Speaker 5: I guess we've got of come full circle with the

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Speaker 5: story that I described earlier on with my upbringing. But

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Speaker 5: my big goal at the moment is to build my

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Speaker 5: own house. My partner and I just bought a house

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Speaker 5: right before Christmas.

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Speaker 2: That's so exciting.

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Speaker 5: It's the proverbial like the worst house on the best street.

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Speaker 2: Good. That's what we want to see. That was the plan.

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Speaker 5: We're very, very handy, so we're going to spend the

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Speaker 5: next year doing it up. So we're not living there

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Speaker 5: right now, but in the next twelve months hopefully, yeah,

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Speaker 5: we're going to be living in it. The goal is, yeah,

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Speaker 5: to create our dream home, I suppose, and as we

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Speaker 5: do that, try to keep the mortgage on that house

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Speaker 5: as little as possible. And I think that goes back

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Speaker 5: to the fact that I'm very aware of the fact

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Speaker 5: that tech is pretty unstable. You know, there's a lot

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Speaker 5: of I guess, job and security and and I don't

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Speaker 5: want to end up in a position where I've over

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Speaker 5: committed myself to an amazing big house with a big mortgage,

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Speaker 5: assuming I'm going to be making lots of money forever.

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Speaker 5: I think, Yeah, it's important for me to make sure

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Speaker 5: that that mortgage is as little as possible, so I'm.

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Speaker 2: Not stressing out.

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Speaker 4: And is that would you say the biggest goal is

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Speaker 4: smashing down your mortgage.

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Speaker 5: I think in the next few years. Yes, I want

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Speaker 5: to kind of make the most of this high income

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Speaker 5: I have and try to just not be stressed about money.

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Speaker 5: Like I think it goes back to that anxiety of

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Speaker 5: if something happens, I want to not have a huge

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Speaker 5: burden on myself. It's unlikely that I be able to

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Speaker 5: find a job earning this much ever again, probably, but

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Speaker 5: I just want to keep it manageable.

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Speaker 2: Yeah, it's not something you just walk straight into.

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Speaker 5: Absolutely not. It's a very temporary thing. And yeah, so

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Speaker 5: build the house and then hopefully with time also look

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Speaker 5: at kind of other investments, potentially using some of the

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Speaker 5: equity in that house. But yeah, that's one thing at

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Speaker 5: a time, that's kind of a future thing for us

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Speaker 5: to think about.

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Speaker 4: Yeah, very cool. All right, let's go to a really

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Speaker 4: quick break because on the flip side, I want to

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Speaker 4: learn a little bit more about your investments. I had

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Speaker 4: to hold myself back earlier before, like diving in and

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Speaker 4: then we're going to talk about debt invest and worst

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Speaker 4: money habits. So guys that don't go anywhere, all right,

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Speaker 4: money dist we are back, and I need to talk

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Speaker 4: more about your investments. So each and every single year,

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Speaker 4: your work is giving you between two hundred to four

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Speaker 4: hundred thousand dollars worth of shares like that is I

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Speaker 4: would say, it's not unheard of, but it's not often

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Speaker 4: heard of, and I just think that is so exciting.

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Speaker 4: Talk to me about what you're currently investing in. How

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Speaker 4: much is your portfolio worth now? And like you mentioned

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Speaker 4: that you're selling off a lot of shares, what are

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Speaker 4: you doing with that cash? Like, what are we doing

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Speaker 4: to invest for our futures?

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Speaker 2: Yeah?

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Speaker 5: Absolutely, So I'll start from the top. Until recently, I

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Speaker 5: actually did have an investment So my first home I

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Speaker 5: bought an apartment right before COVID with the intent of

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Speaker 5: living in it. That was also what I got with

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Speaker 5: my now current partner, and so as COVID happened, I

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Speaker 5: very quickly rented that out. So my first home very

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00:18:13,800 --> 00:18:17,080
Speaker 5: quickly became an investment property. And I have recently just

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Speaker 5: sold that actually last week, very recently, very recently, and

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Speaker 5: so that's going to help us pay for building our house,

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Speaker 5: and the significant portion of that will go towards creating

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Speaker 5: the dream home. So I suppose that's no longer an investment,

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Speaker 5: but it was an investment until recently. And in terms

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Speaker 5: of shares. So obviously I've got the shares from my employer.

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Speaker 5: And the way that works is when I first joined

402
00:18:42,200 --> 00:18:45,520
Speaker 5: my organization, I got a kind of set of shares

403
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Speaker 5: that they allocated to me over a four year period.

404
00:18:48,640 --> 00:18:53,000
Speaker 5: So every year I get access, yeah, investing over four years,

405
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Speaker 5: and so I got and got them allocated at quite

406
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Speaker 5: a good price. So the price that you get them

407
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Speaker 5: allocated at is the day you start, basically, and so

408
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Speaker 5: that's why the shares have increased in value quite a lot.

409
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Speaker 5: So it's not like they give me two hundred k's

410
00:19:07,160 --> 00:19:09,399
Speaker 5: worth of shares every year, but it is based on

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Speaker 5: that initial grant that I got, which has increased a

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Speaker 5: lot just because the company has been doing pretty well

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00:19:15,800 --> 00:19:16,280
Speaker 5: since then.

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Speaker 4: How good is that? So just to not but in

415
00:19:20,280 --> 00:19:23,040
Speaker 4: but give a little bit of context to those listening

416
00:19:23,880 --> 00:19:26,639
Speaker 4: when you get allocated shares in this way, I use

417
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Speaker 4: the word vested before, and essentially vested is like a

418
00:19:30,800 --> 00:19:33,400
Speaker 4: I would say a legal term for promised, and it's

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Speaker 4: essentially saying, and I'll ask a few other questions in

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Speaker 4: a hot second, but it's essentially saying that when she started,

421
00:19:38,680 --> 00:19:41,080
Speaker 4: she was promised X amount of shares and it might

422
00:19:41,080 --> 00:19:44,720
Speaker 4: have been like ten shares, and then over time, this

423
00:19:44,800 --> 00:19:48,359
Speaker 4: is the vesting part, she will be given those shares.

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Speaker 4: But it doesn't just happen upfront, because otherwise there's no

425
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Speaker 4: incentive to work hard, but there will be an incentive

426
00:19:54,200 --> 00:19:57,480
Speaker 4: to wait until your shares are vested. So this could

427
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Speaker 4: happen over like and I'll ask you in a second

428
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Speaker 4: what yours, But it could happen over twelve months, it

429
00:20:01,560 --> 00:20:04,560
Speaker 4: could happen over two years, three years. Like I've seen

430
00:20:05,000 --> 00:20:08,640
Speaker 4: share vesting agreements that are like ten years long, where

431
00:20:08,680 --> 00:20:10,600
Speaker 4: every single year you get like two or three percent

432
00:20:10,680 --> 00:20:13,440
Speaker 4: of the shares that you're allocated, And I just think

433
00:20:13,480 --> 00:20:16,360
Speaker 4: it's so interesting to know more about that. But when

434
00:20:16,359 --> 00:20:19,000
Speaker 4: you joined, like, do you remember the number of shares

435
00:20:19,080 --> 00:20:20,600
Speaker 4: that were like vested to you.

436
00:20:20,720 --> 00:20:23,040
Speaker 5: I don't remember the number of shares specifically, but I

437
00:20:23,080 --> 00:20:26,480
Speaker 5: remember the amount that it was, and it was about

438
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Speaker 5: at that point, probably about six hundred thousand dollars over four.

439
00:20:30,320 --> 00:20:31,800
Speaker 2: Years, oh wow.

440
00:20:32,040 --> 00:20:35,199
Speaker 4: Yeah, and then that's obviously increased in value. Do you

441
00:20:35,240 --> 00:20:37,439
Speaker 4: know on average what it would be worth now, like

442
00:20:37,480 --> 00:20:40,720
Speaker 4: obviously you haven't gotten access to it, but like total.

443
00:20:40,520 --> 00:20:43,480
Speaker 5: Yeah, total. I did look recently and it was over

444
00:20:43,560 --> 00:20:44,359
Speaker 5: a million dollars.

445
00:20:44,760 --> 00:20:47,240
Speaker 2: Oh my god, how cray is that?

446
00:20:48,040 --> 00:20:50,680
Speaker 5: It was crazy to see that number again pre tax.

447
00:20:50,720 --> 00:20:53,719
Speaker 5: So there's most half a million dollars worth of tax today.

448
00:20:53,800 --> 00:20:55,800
Speaker 4: That's okay, it's not the point like they're not looking at.

449
00:20:55,680 --> 00:20:57,960
Speaker 5: That right now, but yeah, it's a I guess life

450
00:20:58,000 --> 00:20:59,280
Speaker 5: changing amount of money.

451
00:20:59,400 --> 00:21:04,160
Speaker 4: Oh, absolutely, So talk to me about this. So vesting agreements,

452
00:21:04,200 --> 00:21:07,440
Speaker 4: there's lots of different vesting agreements. How long is your term?

453
00:21:07,680 --> 00:21:08,960
Speaker 4: Like how many years is it over?

454
00:21:09,200 --> 00:21:13,920
Speaker 5: So mine originally was over four years, and initially it

455
00:21:13,960 --> 00:21:16,439
Speaker 5: was what they call a one year cliff, so I

456
00:21:16,480 --> 00:21:19,480
Speaker 5: didn't get any for the first year. After the first year.

457
00:21:19,880 --> 00:21:22,400
Speaker 5: Now I get access to I think it's like four

458
00:21:22,400 --> 00:21:25,720
Speaker 5: point two five percent of my shares every three months.

459
00:21:25,960 --> 00:21:28,120
Speaker 5: And really the incentive there is to keep me there

460
00:21:28,160 --> 00:21:29,240
Speaker 5: for as long as possible.

461
00:21:29,320 --> 00:21:30,199
Speaker 2: Absolutely it is.

462
00:21:30,320 --> 00:21:32,920
Speaker 4: Otherwise why would they give you that, because at the

463
00:21:33,000 --> 00:21:34,760
Speaker 4: end of the day, they've obviously seen you as like

464
00:21:34,880 --> 00:21:37,399
Speaker 4: great talent, and been like we need to lock this

465
00:21:37,480 --> 00:21:41,159
Speaker 4: woman in because this industry is so lucrative, like you

466
00:21:41,200 --> 00:21:44,160
Speaker 4: could go and get another job tomorrow and be paid

467
00:21:44,240 --> 00:21:46,760
Speaker 4: really well, they're assuming, but they got to lock you

468
00:21:46,800 --> 00:21:48,560
Speaker 4: in for a long period of time because you're doing

469
00:21:49,040 --> 00:21:51,560
Speaker 4: user experience right, Like you said you were a user

470
00:21:51,600 --> 00:21:55,000
Speaker 4: experience researcher. The longer that you're doing that, the more

471
00:21:55,080 --> 00:21:59,159
Speaker 4: value you are to their company, Like you're just really

472
00:21:59,240 --> 00:22:01,240
Speaker 4: understanding clientele, right.

473
00:22:01,200 --> 00:22:03,520
Speaker 5: Absolutely, yeah, and I think, yeah, it's great to be

474
00:22:03,600 --> 00:22:06,520
Speaker 5: in a company that recognizes that. Of course, you know,

475
00:22:06,560 --> 00:22:09,400
Speaker 5: it is a big driver for keeping people there as well.

476
00:22:09,440 --> 00:22:11,280
Speaker 5: And I think there's this notion and tech of like

477
00:22:11,359 --> 00:22:15,119
Speaker 5: golden handcuffs where even if you want to leave a job.

478
00:22:15,119 --> 00:22:18,240
Speaker 4: You're stuck because your shares haven't vested, or like there's

479
00:22:18,320 --> 00:22:20,960
Speaker 4: too big of a carrot dangling, right yeah, and.

480
00:22:20,920 --> 00:22:22,399
Speaker 5: All the flip side as well. You know, if you

481
00:22:22,560 --> 00:22:24,520
Speaker 5: get laid off, which does happen.

482
00:22:24,240 --> 00:22:26,760
Speaker 4: You just lose everything, you use everything.

483
00:22:26,359 --> 00:22:28,639
Speaker 5: So you look at that million dollars and suddenly it's gone,

484
00:22:28,640 --> 00:22:33,479
Speaker 5: and it can be hard to plan around that. And

485
00:22:33,560 --> 00:22:36,200
Speaker 5: so going back to investments, I kind of treat those

486
00:22:36,200 --> 00:22:38,040
Speaker 5: shares a little bit like I kind of call them

487
00:22:38,080 --> 00:22:40,040
Speaker 5: monopoly money, because.

488
00:22:39,760 --> 00:22:42,199
Speaker 4: Yeah, until it's in your cold, hard hands, like I

489
00:22:42,359 --> 00:22:45,080
Speaker 4: just yeah, like you don't also want the heartbreak of

490
00:22:45,080 --> 00:22:47,119
Speaker 4: like what if something happens and you are like making

491
00:22:47,160 --> 00:22:50,280
Speaker 4: life plans based on those shares vesting and then they don't.

492
00:22:50,960 --> 00:22:53,600
Speaker 4: So if you leave, do you get to keep the

493
00:22:53,640 --> 00:22:56,480
Speaker 4: shares that you've already had vested to you and you

494
00:22:56,560 --> 00:22:57,320
Speaker 4: lose the rest?

495
00:22:57,520 --> 00:22:57,600
Speaker 1: Like?

496
00:22:57,640 --> 00:22:58,480
Speaker 2: How does that work?

497
00:22:58,600 --> 00:23:01,520
Speaker 5: Yeah? So everything that you've grunted up until that point

498
00:23:01,640 --> 00:23:04,920
Speaker 5: is yours, and then anything that you haven't received yet

499
00:23:05,160 --> 00:23:06,399
Speaker 5: is just disappears.

500
00:23:06,560 --> 00:23:09,199
Speaker 4: My goodness, and I'm being so pervy. How long have

501
00:23:09,240 --> 00:23:10,400
Speaker 4: you worked it this role?

502
00:23:10,560 --> 00:23:12,800
Speaker 2: I've been there for almost two and a half years.

503
00:23:13,040 --> 00:23:14,960
Speaker 4: So what happens at four years when all of your

504
00:23:14,960 --> 00:23:17,240
Speaker 4: shares have vested? Are they going to like vest you

505
00:23:17,400 --> 00:23:20,000
Speaker 4: more shares to stay longer or like what happens?

506
00:23:20,040 --> 00:23:20,960
Speaker 2: Then? Yeah?

507
00:23:21,240 --> 00:23:23,040
Speaker 5: So every and obviously they want to keep you there

508
00:23:23,040 --> 00:23:26,360
Speaker 5: for a bit longer than four years, So they give

509
00:23:26,440 --> 00:23:30,000
Speaker 5: you an allocation every year when we do performance reviews,

510
00:23:30,119 --> 00:23:32,840
Speaker 5: So apart from just a bonus, they give you kind

511
00:23:32,880 --> 00:23:36,080
Speaker 5: of a little carrot of additional shares, and those shares

512
00:23:36,119 --> 00:23:38,439
Speaker 5: also get allocated on a four year basis, so you

513
00:23:38,520 --> 00:23:41,040
Speaker 5: end up in a situation where you always have new

514
00:23:41,080 --> 00:23:43,680
Speaker 5: shares coming up and that kind of carrot dangling there

515
00:23:43,720 --> 00:23:44,600
Speaker 5: for you to keep going.

516
00:23:44,720 --> 00:23:48,640
Speaker 4: Yeah, which is smart from them, But also and I mean,

517
00:23:48,720 --> 00:23:51,639
Speaker 4: you're making a lot of money and that's fantastic, and

518
00:23:51,760 --> 00:23:53,840
Speaker 4: you clearly enjoy your job. But what if one day

519
00:23:53,840 --> 00:23:55,800
Speaker 4: you woke up and you weren't enjoying your job, Like,

520
00:23:55,880 --> 00:23:57,160
Speaker 4: what would be your situation?

521
00:23:57,320 --> 00:24:00,399
Speaker 5: Then I think that would be a really hard to

522
00:24:00,520 --> 00:24:04,880
Speaker 5: look at my current circumstances. And I guess knowing when

523
00:24:05,040 --> 00:24:07,959
Speaker 5: enough is enough, because I think that is something that

524
00:24:08,040 --> 00:24:11,040
Speaker 5: is in the back of my mind. Working in a

525
00:24:11,080 --> 00:24:14,560
Speaker 5: big tech company, it is quite demanding, and it is competitive,

526
00:24:14,920 --> 00:24:17,639
Speaker 5: and we do have quite a lot of pressure on

527
00:24:17,760 --> 00:24:20,320
Speaker 5: us to perform, and I think that there could very

528
00:24:20,320 --> 00:24:22,679
Speaker 5: easily be a point at which I realized that this

529
00:24:22,880 --> 00:24:26,000
Speaker 5: is no longer serving me. I'm not enjoying it, and

530
00:24:26,480 --> 00:24:28,760
Speaker 5: when I decide to leave, I will be leaving some

531
00:24:28,840 --> 00:24:31,399
Speaker 5: money on the table, regardless of when I decide to

532
00:24:31,440 --> 00:24:31,679
Speaker 5: do that.

533
00:24:31,920 --> 00:24:35,240
Speaker 4: You have to because like otherwise, like you're not performing

534
00:24:35,280 --> 00:24:37,760
Speaker 4: and then you're not getting shares vested to you at

535
00:24:37,760 --> 00:24:40,720
Speaker 4: your performance review at which point I'm assuming they would lay.

536
00:24:40,560 --> 00:24:43,280
Speaker 2: You off, so you're going to lose something.

537
00:24:43,560 --> 00:24:45,520
Speaker 5: So for me, it's yeah, getting to a point where

538
00:24:45,960 --> 00:24:47,960
Speaker 5: hopefully I have my you know, my house by then

539
00:24:48,000 --> 00:24:50,320
Speaker 5: that I enjoy living in and I can take the

540
00:24:50,400 --> 00:24:52,560
Speaker 5: foot off the gas a little bit and decide to

541
00:24:52,600 --> 00:24:55,800
Speaker 5: do something else. And yeah, have I guess enough of

542
00:24:55,880 --> 00:24:59,040
Speaker 5: an emergency fund or enough money to time you over

543
00:24:59,240 --> 00:25:02,320
Speaker 5: to the out what's next for me? But yeah, I

544
00:25:02,359 --> 00:25:05,200
Speaker 5: think having a bit of that plan and really thinking

545
00:25:05,280 --> 00:25:07,199
Speaker 5: about what that future without this job could look like

546
00:25:07,400 --> 00:25:09,679
Speaker 5: is something that I think about quite a lot because

547
00:25:10,000 --> 00:25:12,639
Speaker 5: it's not guaranteed. And also, yeah, I will have to

548
00:25:12,680 --> 00:25:14,560
Speaker 5: live it one day and you know what happens then,

549
00:25:14,760 --> 00:25:16,560
Speaker 5: Like I don't want to get used to it.

550
00:25:16,680 --> 00:25:18,760
Speaker 4: Yeah, fair, but it sounds like you're trying to make

551
00:25:18,800 --> 00:25:21,720
Speaker 4: hay while the sun is shining. You mentioned that when

552
00:25:21,760 --> 00:25:24,199
Speaker 4: you get your shares you often just sell them off,

553
00:25:24,240 --> 00:25:26,280
Speaker 4: which is so nice because you don't have any capital

554
00:25:26,280 --> 00:25:29,919
Speaker 4: gains tax. But on the flip side, I need to

555
00:25:29,920 --> 00:25:31,479
Speaker 4: know what are you doing with that money? Is that

556
00:25:31,600 --> 00:25:34,320
Speaker 4: just going into your house deposit savings? Is that going

557
00:25:34,359 --> 00:25:37,480
Speaker 4: into another like share portfolio? Like what's the plan?

558
00:25:37,760 --> 00:25:38,200
Speaker 2: Yeah?

559
00:25:38,240 --> 00:25:42,560
Speaker 5: So it has changed a little bit recently. So I

560
00:25:42,600 --> 00:25:45,240
Speaker 5: paid off the mortgage on my first home and that

561
00:25:45,359 --> 00:25:46,160
Speaker 5: was my main goal.

562
00:25:46,320 --> 00:25:49,360
Speaker 2: That's crazy, that's so cool. That is so cool. It

563
00:25:49,400 --> 00:25:51,000
Speaker 2: was amazing. Yeah, it was like, oh yeah, I just

564
00:25:51,000 --> 00:25:53,080
Speaker 2: paid off my first mogg. Just see down. That is

565
00:25:53,240 --> 00:25:53,879
Speaker 2: so cool.

566
00:25:54,040 --> 00:25:56,320
Speaker 5: It was a baby mortgage, it was a one bedroom place.

567
00:25:56,359 --> 00:25:58,360
Speaker 5: But I was really proud of myself yet to pay

568
00:25:58,359 --> 00:26:01,800
Speaker 5: that often yeah five years, five years, five years.

569
00:26:01,840 --> 00:26:03,639
Speaker 4: Well, I just paid it off over five years.

570
00:26:05,119 --> 00:26:05,840
Speaker 2: Unrelatable?

571
00:26:06,000 --> 00:26:07,960
Speaker 4: No, no, but it's not you know what, who cares

572
00:26:07,960 --> 00:26:10,560
Speaker 4: about unrelatable? Like, it's just so cool that you got

573
00:26:10,600 --> 00:26:13,080
Speaker 4: to do that. Like, especially going back, can we just

574
00:26:13,240 --> 00:26:16,720
Speaker 4: remember that you were telling us how your parents are

575
00:26:16,760 --> 00:26:20,840
Speaker 4: from Eastern European descent and they experienced Communism and your

576
00:26:20,920 --> 00:26:25,280
Speaker 4: mum got oranges for Christmas, Like, and now you're like, yes,

577
00:26:25,320 --> 00:26:28,520
Speaker 4: I paid off my whole lass house in five years.

578
00:26:28,600 --> 00:26:32,120
Speaker 4: Like are they just like so proud of you because

579
00:26:32,680 --> 00:26:35,320
Speaker 4: they would be mind blown that the child that they

580
00:26:35,400 --> 00:26:36,959
Speaker 4: had is now capable of this.

581
00:26:37,520 --> 00:26:39,320
Speaker 2: Yeah, they're super super proud.

582
00:26:39,400 --> 00:26:42,280
Speaker 5: But it's funny you say that because the first I

583
00:26:42,359 --> 00:26:44,560
Speaker 5: mentioned some of the job hopping I did early in

584
00:26:44,600 --> 00:26:47,520
Speaker 5: my career, and the first take job I got, my

585
00:26:47,640 --> 00:26:49,119
Speaker 5: mom was super proud of me, and she was like,

586
00:26:49,119 --> 00:26:52,040
Speaker 5: this is amazing, this is great. Then when I told

587
00:26:52,080 --> 00:26:54,359
Speaker 5: her that I was leaving that job and I was

588
00:26:54,480 --> 00:26:56,480
Speaker 5: I got another offer and I was going somewhere else,

589
00:26:56,560 --> 00:26:59,000
Speaker 5: she thought I was bonkers. She thought, why would you

590
00:26:59,040 --> 00:27:00,240
Speaker 5: throw away the step.

591
00:27:00,480 --> 00:27:03,520
Speaker 2: The money? What are you doing? And she almost yelled

592
00:27:03,520 --> 00:27:03,760
Speaker 2: at me.

593
00:27:03,840 --> 00:27:06,919
Speaker 4: She was like, really, I mean she's not wrong, like

594
00:27:07,119 --> 00:27:10,600
Speaker 4: from her background, that's of such value.

595
00:27:10,800 --> 00:27:12,760
Speaker 5: Yeah, she was already proud of me then, but then,

596
00:27:12,960 --> 00:27:14,439
Speaker 5: you know, I said, this is how much I'm going

597
00:27:14,480 --> 00:27:15,600
Speaker 5: to be making, and suddenly she.

598
00:27:15,640 --> 00:27:19,239
Speaker 4: Was just like oh, She's like, are you sure did

599
00:27:19,280 --> 00:27:19,920
Speaker 4: they mark up?

600
00:27:19,960 --> 00:27:22,280
Speaker 2: Because that's fake money. Yeah. Yeah.

601
00:27:22,320 --> 00:27:24,920
Speaker 5: I think for them it's really hard to relate. I mean,

602
00:27:25,119 --> 00:27:28,880
Speaker 5: my parents barely understand what I do for except for them. Fine, yeah,

603
00:27:28,920 --> 00:27:31,160
Speaker 5: it's hard for them to relate. But they're super proud.

604
00:27:31,240 --> 00:27:33,439
Speaker 5: And I think, you know, seeing me go through the

605
00:27:33,440 --> 00:27:36,239
Speaker 5: same thing of you know, now creating my house, not

606
00:27:36,320 --> 00:27:38,000
Speaker 5: having to do it under a whole bunch of stress,

607
00:27:38,040 --> 00:27:40,199
Speaker 5: I think they're just really proud to see that the

608
00:27:40,240 --> 00:27:44,000
Speaker 5: sacrifices and the challenges they had are no longer something

609
00:27:44,000 --> 00:27:45,440
Speaker 5: that I'm having to do myself so.

610
00:27:45,440 --> 00:27:46,200
Speaker 2: One hundred percent.

611
00:27:46,240 --> 00:27:48,399
Speaker 4: And like it's so nice to wrap back to that

612
00:27:48,560 --> 00:27:50,600
Speaker 4: story that you shared with us at the start, because

613
00:27:50,600 --> 00:27:53,720
Speaker 4: it's just like, yeah, you mentioned it's unrelatable totally, but

614
00:27:53,840 --> 00:27:56,880
Speaker 4: like we're not in isolation having this conversation about someone

615
00:27:56,920 --> 00:27:59,320
Speaker 4: paying off their mortgage in five years and not giving

616
00:27:59,320 --> 00:28:02,440
Speaker 4: you the content, extend the how and literally the playbook

617
00:28:02,480 --> 00:28:05,520
Speaker 4: of Okay, well, if you also wanted to work in tech,

618
00:28:05,600 --> 00:28:08,400
Speaker 4: these are the opportunities on the table. Like, we're sharing

619
00:28:08,440 --> 00:28:10,800
Speaker 4: this so that people can learn and people can grow

620
00:28:10,920 --> 00:28:14,880
Speaker 4: and be inspired because, my friend, if you can do it, like,

621
00:28:15,080 --> 00:28:17,359
Speaker 4: there are opportunities on the table for other women to

622
00:28:17,400 --> 00:28:21,040
Speaker 4: do something similar, and I just I'm so excited about that, Like,

623
00:28:21,119 --> 00:28:24,679
Speaker 4: and that's why we're sharing these stories because like, imagine

624
00:28:24,720 --> 00:28:27,600
Speaker 4: how cool it would be if we get a message saying, oh,

625
00:28:27,760 --> 00:28:29,359
Speaker 4: I just I put my hat in the ring and

626
00:28:29,400 --> 00:28:31,159
Speaker 4: I got my first job in tech and I've like

627
00:28:31,200 --> 00:28:33,560
Speaker 4: doubled my salary, which we totally know, like you and

628
00:28:33,640 --> 00:28:37,280
Speaker 4: I know is completely possible if somebody wanted to do that. Like,

629
00:28:37,400 --> 00:28:40,200
Speaker 4: imagine that type of stuff coming out of you sharing

630
00:28:40,200 --> 00:28:42,280
Speaker 4: your story, which we know is going to happen like,

631
00:28:42,280 --> 00:28:43,120
Speaker 4: that's so cool.

632
00:28:43,240 --> 00:28:45,040
Speaker 2: I would love to hear those stories, girl friend.

633
00:28:45,080 --> 00:28:48,720
Speaker 4: When it comes up, I will absolutely share it with you.

634
00:28:49,240 --> 00:28:51,920
Speaker 4: But tell me a bit more about this investment plan.

635
00:28:52,040 --> 00:28:53,720
Speaker 4: Like you've got a house, you paid it off, you

636
00:28:53,880 --> 00:28:56,560
Speaker 4: just sold your house, you're building a dream home, Like

637
00:28:56,640 --> 00:28:59,280
Speaker 4: are you planning on expanding and having like a bigger

638
00:28:59,360 --> 00:29:02,560
Speaker 4: investment folio or what does that look like?

639
00:29:02,720 --> 00:29:05,920
Speaker 5: Yeah, so alongside I guess paying off my mortgage. While

640
00:29:05,960 --> 00:29:08,960
Speaker 5: I was doing that, I was also trying to kind

641
00:29:08,960 --> 00:29:12,400
Speaker 5: of build up money to help myself in the case

642
00:29:12,400 --> 00:29:14,600
Speaker 5: of emergencies or in the case that something was to

643
00:29:14,600 --> 00:29:18,280
Speaker 5: happen to my job. So I started investing pretty aggressively

644
00:29:18,880 --> 00:29:20,800
Speaker 5: over the last I think, you know, year year and

645
00:29:20,840 --> 00:29:23,920
Speaker 5: a half when my income allowed me to put you know,

646
00:29:24,000 --> 00:29:26,800
Speaker 5: significant amounts of money aside. So for a period of time,

647
00:29:26,840 --> 00:29:30,400
Speaker 5: I was trying to invest about twenty percent of my income.

648
00:29:30,720 --> 00:29:33,320
Speaker 5: So now I've got about one hundred and thirty thousand

649
00:29:33,320 --> 00:29:34,240
Speaker 5: dollars in cheers eas.

650
00:29:34,400 --> 00:29:37,840
Speaker 2: Oh how cool? In chasa's did you say in chaerseas?

651
00:29:37,880 --> 00:29:40,520
Speaker 2: I love Cheersya's. I love this and it's from your

652
00:29:40,560 --> 00:29:42,600
Speaker 2: side of the ditch exactly. Yeah.

653
00:29:42,680 --> 00:29:46,120
Speaker 5: Yeah, And I love how easy they make it, and

654
00:29:46,200 --> 00:29:47,880
Speaker 5: I just love all the content that they produce.

655
00:29:48,000 --> 00:29:49,720
Speaker 2: So big cheersyas fan me too.

656
00:29:49,760 --> 00:29:52,280
Speaker 4: Don't worry, girlfriend, But like, I'm not even doing that

657
00:29:52,360 --> 00:29:54,840
Speaker 4: because they pay me. Like I'm literally obsessed with them.

658
00:29:54,960 --> 00:29:55,200
Speaker 2: Yeah.

659
00:29:55,320 --> 00:29:58,520
Speaker 5: Yeah, I've seen them their team speak locally and talk

660
00:29:58,560 --> 00:30:00,959
Speaker 5: about their journey. So yeah, super don't want to support

661
00:30:00,960 --> 00:30:03,720
Speaker 5: them obviously. Now that I'm saving to, you know, do

662
00:30:03,840 --> 00:30:06,480
Speaker 5: a huge renovation on our house, I've dropped back some

663
00:30:06,600 --> 00:30:09,000
Speaker 5: of the investments, but I am still investing just to

664
00:30:09,080 --> 00:30:09,800
Speaker 5: keep the habit up.

665
00:30:09,880 --> 00:30:13,800
Speaker 4: Oh, I love this for you. So we're investing. Talk

666
00:30:13,840 --> 00:30:16,400
Speaker 4: to me about debt. So you've just before Christmas you

667
00:30:16,520 --> 00:30:19,560
Speaker 4: purchased a house with your partner. How much debt are

668
00:30:19,560 --> 00:30:20,240
Speaker 4: you in now?

669
00:30:20,440 --> 00:30:20,680
Speaker 2: Yeah?

670
00:30:20,720 --> 00:30:24,040
Speaker 5: So our house, we bought it for nine hundred and

671
00:30:24,160 --> 00:30:28,280
Speaker 5: ninety thousand, and the mortgage on that at the moment

672
00:30:28,360 --> 00:30:32,040
Speaker 5: is eight hundred and eighty thousand, which I'm currently paying

673
00:30:32,080 --> 00:30:35,160
Speaker 5: off myself. My partner's got a house that we live

674
00:30:35,200 --> 00:30:37,160
Speaker 5: in currently, so he's paying off that mortgage and I'm

675
00:30:37,160 --> 00:30:39,280
Speaker 5: paying off the mortgage for our future home.

676
00:30:39,400 --> 00:30:39,640
Speaker 2: Yeah.

677
00:30:39,680 --> 00:30:43,400
Speaker 4: How cool. So you're in New Zealand. What does a

678
00:30:43,520 --> 00:30:47,000
Speaker 4: nine hundred and ninety thousand dollars purchase get you like,

679
00:30:47,040 --> 00:30:49,600
Speaker 4: what type of property are we buying? Because in Melbourne,

680
00:30:50,120 --> 00:30:53,600
Speaker 4: like and in Sydney, that gets you to redroom, really

681
00:30:53,720 --> 00:30:55,080
Speaker 4: nice apartment, but.

682
00:30:55,240 --> 00:30:57,440
Speaker 2: Like it might not buy you land anymore.

683
00:30:57,640 --> 00:31:01,240
Speaker 4: I mean further out absolutely, But like in Melbourne and Sydney,

684
00:31:01,240 --> 00:31:05,680
Speaker 4: which are obviously CAPITALI ish cities, you don't get a

685
00:31:05,720 --> 00:31:08,600
Speaker 4: lot anymore for undred million dollars. So what did you

686
00:31:08,600 --> 00:31:09,360
Speaker 4: get to purchase?

687
00:31:09,640 --> 00:31:10,000
Speaker 2: Yeah?

688
00:31:10,080 --> 00:31:13,120
Speaker 5: So I think the New Zealand property market has dropped

689
00:31:13,240 --> 00:31:16,560
Speaker 5: significantly in recent years. And I'm looking at what's happening

690
00:31:16,640 --> 00:31:19,840
Speaker 5: in Australia and it's completely different to what's happening over here.

691
00:31:20,040 --> 00:31:21,880
Speaker 2: It's wild. It's such a different market.

692
00:31:22,080 --> 00:31:24,320
Speaker 5: Yeah, so we got pretty lucky. We've managed to buy

693
00:31:24,600 --> 00:31:27,040
Speaker 5: a very big house which is almost two hundred and

694
00:31:27,080 --> 00:31:28,040
Speaker 5: fifty square meters.

695
00:31:28,240 --> 00:31:30,360
Speaker 4: Oh my goodness, that's like nearly the size of the

696
00:31:30,360 --> 00:31:31,160
Speaker 4: block I own.

697
00:31:31,440 --> 00:31:36,880
Speaker 5: Like, so it's about four bedrooms, two bathrooms and about

698
00:31:36,920 --> 00:31:38,479
Speaker 5: six hundred meters of land.

699
00:31:38,760 --> 00:31:40,280
Speaker 2: Oh my god, how good.

700
00:31:40,480 --> 00:31:43,800
Speaker 5: Yeah, it is one hundred years old and it is unlivable.

701
00:31:43,880 --> 00:31:47,000
Speaker 5: It is in a really bad state. And so I

702
00:31:47,040 --> 00:31:49,280
Speaker 5: just think a lot of people didn't want to touch.

703
00:31:49,120 --> 00:31:51,720
Speaker 2: It, yeah, because you can't just move in. Yeah.

704
00:31:51,800 --> 00:31:53,440
Speaker 5: Yeah, so it's got a lot of work to do.

705
00:31:53,480 --> 00:31:56,600
Speaker 5: I think we're planning to put about maybe five hundred

706
00:31:56,640 --> 00:31:59,560
Speaker 5: to six hundred thousand into it over the next year.

707
00:32:00,000 --> 00:32:02,000
Speaker 4: And it's going to be your dream home exactly.

708
00:32:02,200 --> 00:32:03,600
Speaker 2: Yeah. I love that.

709
00:32:03,720 --> 00:32:07,280
Speaker 4: And like, in terms of proximity to your closest capital city,

710
00:32:07,280 --> 00:32:08,240
Speaker 4: what does that look like.

711
00:32:08,400 --> 00:32:10,560
Speaker 2: It's literally five kilometers from the CBD.

712
00:32:10,920 --> 00:32:14,000
Speaker 4: Oh my god, Okay, that is so cool. So it's

713
00:32:14,000 --> 00:32:16,880
Speaker 4: basically like a one point five million dollar property once

714
00:32:16,920 --> 00:32:18,800
Speaker 4: it all comes out in the wash, Like, that's what

715
00:32:18,880 --> 00:32:22,760
Speaker 4: it'll cost you. I love that. And are you planning

716
00:32:22,760 --> 00:32:26,680
Speaker 4: on smashing this mortgage down as aggressively? Like obviously you're

717
00:32:26,720 --> 00:32:29,200
Speaker 4: saving for the renous and stuff. Is that all going

718
00:32:29,240 --> 00:32:31,320
Speaker 4: to be in cash or are you extending your mortgage

719
00:32:31,360 --> 00:32:31,560
Speaker 4: for that?

720
00:32:31,720 --> 00:32:33,600
Speaker 5: Yeah, So the goal is to not have to go

721
00:32:33,680 --> 00:32:36,200
Speaker 5: back to the bank. So we're trying to fund all

722
00:32:36,240 --> 00:32:39,720
Speaker 5: of the renovation with what we have in cash and

723
00:32:40,320 --> 00:32:42,560
Speaker 5: the shares from my employer and our salaries and savings

724
00:32:42,640 --> 00:32:45,640
Speaker 5: and things like that. And then yeah, once we're ready

725
00:32:45,640 --> 00:32:48,720
Speaker 5: to move in, the plan is for my partner to

726
00:32:48,800 --> 00:32:51,480
Speaker 5: sell the house we currently live in and just try

727
00:32:51,480 --> 00:32:54,600
Speaker 5: to bring that mortgage down to be as little as possible.

728
00:32:54,800 --> 00:32:55,720
Speaker 2: So bad. Good.

729
00:32:55,960 --> 00:32:59,640
Speaker 5: Yeah, we don't have a big mortgage coming out every month.

730
00:32:59,800 --> 00:33:02,239
Speaker 4: So fair. And then let's say you still work in

731
00:33:02,280 --> 00:33:05,160
Speaker 4: tech and you're still making the same amount, and you

732
00:33:05,280 --> 00:33:08,240
Speaker 4: now have no mortgages, Like, what would the plan there be?

733
00:33:08,400 --> 00:33:11,560
Speaker 4: Is that like expand your property portfolio? Is it like

734
00:33:11,880 --> 00:33:14,840
Speaker 4: double down on investing in shares, Like what would that

735
00:33:14,880 --> 00:33:17,720
Speaker 4: look like after you, you know, smash these mortgages out, which

736
00:33:17,720 --> 00:33:20,120
Speaker 4: I have no doubt you're doing another five years or something.

737
00:33:20,520 --> 00:33:23,520
Speaker 2: As long as I stay in float, I have no doubt.

738
00:33:23,600 --> 00:33:26,160
Speaker 2: It sounds like they really value you. Thank you.

739
00:33:26,800 --> 00:33:29,560
Speaker 5: I'm in two minds about it. On one hand, I

740
00:33:30,080 --> 00:33:31,960
Speaker 5: hear a lot about property. I see a lot of

741
00:33:32,040 --> 00:33:35,720
Speaker 5: people I know investing in property, and I guess I

742
00:33:35,800 --> 00:33:39,400
Speaker 5: have anadvertently dabbled in it a little bit myself. I'm

743
00:33:39,400 --> 00:33:42,240
Speaker 5: not sure if I love property as an investment. I

744
00:33:42,280 --> 00:33:46,480
Speaker 5: think I quite like the idea of investing my money

745
00:33:46,480 --> 00:33:48,800
Speaker 5: in shares and being able to draw down on it,

746
00:33:49,480 --> 00:33:52,640
Speaker 5: you know, every yeah, every year, just have a little

747
00:33:52,640 --> 00:33:55,280
Speaker 5: bit of I guess, like passive income coming through shares,

748
00:33:55,560 --> 00:33:57,680
Speaker 5: I might change my mind about that. But I think

749
00:33:57,720 --> 00:34:01,960
Speaker 5: at this point in time, I find the idea of

750
00:34:02,000 --> 00:34:04,280
Speaker 5: investing a property to be a little bit of a

751
00:34:04,320 --> 00:34:05,400
Speaker 5: hassle totally.

752
00:34:05,480 --> 00:34:08,040
Speaker 4: And I think that each to their own obviously, but

753
00:34:08,160 --> 00:34:10,719
Speaker 4: it's like me, like, I just look at property and go, oh,

754
00:34:10,800 --> 00:34:13,440
Speaker 4: there's like a heap of risk and heap of overheads,

755
00:34:13,480 --> 00:34:15,200
Speaker 4: and you also need a lot of money to get

756
00:34:15,200 --> 00:34:18,279
Speaker 4: started and then and a lot of ongoing upkeep. Like

757
00:34:18,360 --> 00:34:22,120
Speaker 4: for me, I'm like, hello, share market, but for other

758
00:34:22,120 --> 00:34:23,960
Speaker 4: people they go, no, it's bricks and mortar. And I

759
00:34:24,000 --> 00:34:26,760
Speaker 4: feel really secure with this, so like it's literally based

760
00:34:26,800 --> 00:34:29,280
Speaker 4: on your personal decisions, which is honestly why I find

761
00:34:29,560 --> 00:34:34,319
Speaker 4: investing so interesting. Now, with the income that you've got,

762
00:34:34,600 --> 00:34:37,319
Speaker 4: with the background that you have, and all of the

763
00:34:37,360 --> 00:34:39,560
Speaker 4: things that you've achieved thus far and will in the

764
00:34:39,640 --> 00:34:42,799
Speaker 4: near future. What do you think your best money habit is,

765
00:34:42,840 --> 00:34:44,799
Speaker 4: Because I think that we could learn a lot from you.

766
00:34:46,320 --> 00:34:49,560
Speaker 5: I think the best habit I have is that, despite

767
00:34:49,840 --> 00:34:53,560
Speaker 5: earning a lot, I still try to stay quite frugal

768
00:34:53,719 --> 00:34:57,880
Speaker 5: in some areas. So for me, that's things like, you know,

769
00:34:57,920 --> 00:35:02,520
Speaker 5: cooking something that lasts three days, not eating out too much,

770
00:35:02,920 --> 00:35:05,160
Speaker 5: you know, doing my own nails at home rather than

771
00:35:05,200 --> 00:35:08,719
Speaker 5: paying for it. And sometimes I think recently I've been

772
00:35:09,200 --> 00:35:12,239
Speaker 5: challenging myself and creating my own little money challenges. But

773
00:35:12,280 --> 00:35:15,200
Speaker 5: a recent one that I had was not spending any

774
00:35:15,239 --> 00:35:17,400
Speaker 5: money on Uber eats or takeaways.

775
00:35:17,520 --> 00:35:20,160
Speaker 2: I don't know if that's possible for me unless I

776
00:35:20,239 --> 00:35:22,479
Speaker 2: make that money elsewhere. So oh, that's cute.

777
00:35:22,560 --> 00:35:25,360
Speaker 5: Yeah, through selling something on trade me or marketplace, that

778
00:35:25,400 --> 00:35:27,640
Speaker 5: could turn into Uber eats money. That's Uber eats money.

779
00:35:27,680 --> 00:35:29,760
Speaker 5: If I get some kind of voucher from a friend

780
00:35:29,920 --> 00:35:31,680
Speaker 5: or through work, that's Uber eats money.

781
00:35:31,719 --> 00:35:34,480
Speaker 4: Oh, I love that. I couldn't stick to it, but

782
00:35:34,520 --> 00:35:36,359
Speaker 4: in theory, that sounds fantastic.

783
00:35:37,000 --> 00:35:40,320
Speaker 5: Sometimes I do little like online surveys or participate in

784
00:35:40,400 --> 00:35:43,279
Speaker 5: market research just to fund my Uber.

785
00:35:43,120 --> 00:35:44,600
Speaker 4: And you're like, that is a burger.

786
00:35:45,160 --> 00:35:46,120
Speaker 2: Yeah, so that's.

787
00:35:45,920 --> 00:35:48,160
Speaker 5: My Uber fund and Uber doesn't get paid in cash.

788
00:35:48,239 --> 00:35:50,719
Speaker 5: Uber is like a treat. And I think that's really

789
00:35:50,800 --> 00:35:56,200
Speaker 5: helped me because even though I love convenience, I still, yeah,

790
00:35:56,200 --> 00:35:58,040
Speaker 5: in the back of my mind, I still know that

791
00:35:58,360 --> 00:36:02,280
Speaker 5: like every dollar counts. And again, like sickond hand shopping,

792
00:36:02,280 --> 00:36:04,759
Speaker 5: I grew up with my mom who loved thrifting, and

793
00:36:04,840 --> 00:36:07,200
Speaker 5: that's really stuck with me, And I do think that

794
00:36:07,320 --> 00:36:09,120
Speaker 5: sometimes when I think about it, like I do see

795
00:36:09,160 --> 00:36:12,400
Speaker 5: a little maybe like trace of communism still in my blood.

796
00:36:12,400 --> 00:36:14,879
Speaker 5: Where I reuse things, I try to get a good deal.

797
00:36:15,000 --> 00:36:16,439
Speaker 5: I don't buy things I don't need.

798
00:36:16,680 --> 00:36:18,879
Speaker 4: That's part of our money story though, And I kind

799
00:36:18,920 --> 00:36:21,400
Speaker 4: of like, as long as it's not causing you trauma,

800
00:36:21,440 --> 00:36:23,320
Speaker 4: I think it's kind of sweet that you have things

801
00:36:23,320 --> 00:36:25,719
Speaker 4: that you've kind of inherited from your parents, Like it's

802
00:36:25,719 --> 00:36:28,120
Speaker 4: so nice to be like, that's so my mum of me.

803
00:36:28,760 --> 00:36:30,960
Speaker 5: Yeah, And I think my parents really helped me like

804
00:36:31,040 --> 00:36:32,799
Speaker 5: tep two feet on the ground at all times, you know,

805
00:36:32,840 --> 00:36:35,480
Speaker 5: they really instilled that in us really strongly when we

806
00:36:35,480 --> 00:36:37,399
Speaker 5: were growing up. And so I try not to get

807
00:36:37,400 --> 00:36:41,600
Speaker 5: too carried away with my own spending and keep things manageable,

808
00:36:41,680 --> 00:36:44,200
Speaker 5: and yeah, don't get carried away too much totally.

809
00:36:44,400 --> 00:36:46,560
Speaker 4: The other thing that I'm saying that you're really good

810
00:36:46,560 --> 00:36:50,120
Speaker 4: at that you haven't identified, but you did mention earlier,

811
00:36:50,920 --> 00:36:53,200
Speaker 4: is that you're really good at throwing your hat in

812
00:36:53,200 --> 00:36:55,759
Speaker 4: the ring. Like, it is not that common to meet

813
00:36:55,760 --> 00:36:58,880
Speaker 4: a woman who says that. At twenty four, she wrote

814
00:36:58,880 --> 00:37:01,000
Speaker 4: a really convincing couple letter and then met with the

815
00:37:01,080 --> 00:37:03,480
Speaker 4: CEO and got her dream role, which was like the

816
00:37:03,680 --> 00:37:06,680
Speaker 4: stepping stone. And like your quote lucky break, you explained

817
00:37:06,680 --> 00:37:09,440
Speaker 4: it as in an industry she wanted to get into,

818
00:37:09,520 --> 00:37:11,920
Speaker 4: like so many women, as you said, wait until they

819
00:37:11,960 --> 00:37:14,320
Speaker 4: meet one hundred percent of the criteria before they apply

820
00:37:14,400 --> 00:37:17,040
Speaker 4: for a job. Like I think a good money habit

821
00:37:17,080 --> 00:37:19,400
Speaker 4: is just backing yourself. You're like, nope, I could totally

822
00:37:19,440 --> 00:37:21,600
Speaker 4: do that, Like and I am completely going to back

823
00:37:21,680 --> 00:37:24,360
Speaker 4: myself into this, And like, I don't think it's a

824
00:37:24,440 --> 00:37:27,520
Speaker 4: lucky break. I think it was like someone identified the

825
00:37:27,560 --> 00:37:30,840
Speaker 4: tenacity that you had and realized that you would be

826
00:37:30,960 --> 00:37:34,360
Speaker 4: a really good staff member. There was nothing that luck

827
00:37:34,480 --> 00:37:36,799
Speaker 4: had to do with this. And I just I think

828
00:37:36,840 --> 00:37:39,279
Speaker 4: that that is also a really good money habit that

829
00:37:39,320 --> 00:37:41,680
Speaker 4: you probably haven't identified. But I would hope that people

830
00:37:41,719 --> 00:37:44,000
Speaker 4: are taking from this episode because I'm just like, oh

831
00:37:44,000 --> 00:37:46,520
Speaker 4: my god, Like you're just getting it done.

832
00:37:46,960 --> 00:37:48,640
Speaker 2: You're like, how hard can it be? I could do that.

833
00:37:48,640 --> 00:37:49,080
Speaker 2: That's fine.

834
00:37:49,120 --> 00:37:51,239
Speaker 4: Did I meet twenty percent of the criteria? Yes, But

835
00:37:51,520 --> 00:37:54,520
Speaker 4: also I'm really good at talking, and I would like

836
00:37:54,640 --> 00:37:55,800
Speaker 4: you to sit down and listen.

837
00:37:55,920 --> 00:37:57,240
Speaker 2: And I just think that's so cool.

838
00:37:57,719 --> 00:37:59,919
Speaker 5: Thanks for saying that. Yeah, I think I don't reckon

839
00:38:00,239 --> 00:38:02,800
Speaker 5: that enough, but I do help. You know, when I'm

840
00:38:02,840 --> 00:38:06,040
Speaker 5: helping my friends, like you know, find jobs or applying,

841
00:38:06,160 --> 00:38:08,520
Speaker 5: you're their hype girl. I'm their hype girl. And I

842
00:38:08,600 --> 00:38:10,920
Speaker 5: always think there's no harm in trying.

843
00:38:11,120 --> 00:38:11,560
Speaker 2: Just try.

844
00:38:11,719 --> 00:38:13,560
Speaker 4: I know, what's the worst They could say no, and

845
00:38:13,600 --> 00:38:16,120
Speaker 4: you go, oh, thank you for the opportunity, moving on.

846
00:38:16,600 --> 00:38:19,000
Speaker 5: Yeah, so I think you owe it to yourself to try.

847
00:38:19,200 --> 00:38:22,360
Speaker 5: Worst case scenario you don't hear back. This case scenario

848
00:38:22,520 --> 00:38:24,920
Speaker 5: leads to a conversation or maybe a job or maybe

849
00:38:24,960 --> 00:38:25,840
Speaker 5: a career change.

850
00:38:26,280 --> 00:38:29,080
Speaker 2: So cool. See, that's a very good habit.

851
00:38:29,440 --> 00:38:31,880
Speaker 4: Like, I like that your habit is being the ultimate

852
00:38:31,960 --> 00:38:34,400
Speaker 4: hype girl for your friends. That's a very good habit.

853
00:38:34,680 --> 00:38:36,920
Speaker 4: You're making them a lot of money. Ten out of

854
00:38:36,960 --> 00:38:40,160
Speaker 4: ten bringing the mood down. Though, what's your worst money habit?

855
00:38:40,200 --> 00:38:42,680
Speaker 5: I think I've got too. So one of them is

856
00:38:43,360 --> 00:38:46,520
Speaker 5: I don't budget. And despite having a lot of money

857
00:38:46,520 --> 00:38:51,719
Speaker 5: coming in and like, despite educating myself with podcasts and

858
00:38:51,840 --> 00:38:55,960
Speaker 5: books and listening to money diaries, I don't have a

859
00:38:56,080 --> 00:38:59,920
Speaker 5: good sense of how much I actually have coming in

860
00:39:00,440 --> 00:39:03,120
Speaker 5: and coming out. And I do feel like there's a

861
00:39:03,120 --> 00:39:06,600
Speaker 5: lot I could optimize to really get the most out

862
00:39:06,640 --> 00:39:09,400
Speaker 5: of it and to be really smart with the money

863
00:39:09,400 --> 00:39:11,839
Speaker 5: that I am making at the moment. So I think

864
00:39:11,880 --> 00:39:14,360
Speaker 5: for me, I don't know what has blocked me or

865
00:39:14,360 --> 00:39:17,080
Speaker 5: stopped me from doing it. I imagine it's because I don't

866
00:39:17,160 --> 00:39:19,440
Speaker 5: need to budget. So it's not budgeting for a necessity,

867
00:39:19,480 --> 00:39:23,200
Speaker 5: but it's budgeting for making sure that I'm Yeah, I

868
00:39:23,200 --> 00:39:26,200
Speaker 5: guess making the most of this situation and setting myself

869
00:39:26,280 --> 00:39:27,880
Speaker 5: up for the future as well as possible.

870
00:39:27,960 --> 00:39:29,239
Speaker 2: And what's your second one?

871
00:39:29,560 --> 00:39:32,200
Speaker 5: So despite my best efforts and what I just mentioned

872
00:39:32,200 --> 00:39:35,960
Speaker 5: about trying to be frugal, there is a little bit

873
00:39:36,000 --> 00:39:39,680
Speaker 5: of lifestyle creep creeping into my world.

874
00:39:39,840 --> 00:39:41,879
Speaker 4: You're aware of it. We love a self aware queen.

875
00:39:42,000 --> 00:39:42,759
Speaker 2: Thank you, Thank you.

876
00:39:42,880 --> 00:39:44,879
Speaker 5: I do try to keep it at bay as much

877
00:39:44,920 --> 00:39:49,640
Speaker 5: as I can, but I love to travel and I

878
00:39:49,719 --> 00:39:55,120
Speaker 5: love to travel comfortably. So quickly my economy flights have

879
00:39:55,239 --> 00:40:00,800
Speaker 5: creeped into premium economy territory, and my Airbnb search filters

880
00:40:00,880 --> 00:40:02,439
Speaker 5: have expanded.

881
00:40:02,080 --> 00:40:04,879
Speaker 2: A little bit, a little bit. It's so frustrating.

882
00:40:04,960 --> 00:40:07,480
Speaker 4: Once you've experienced the front of the plane, you're like, welly,

883
00:40:07,480 --> 00:40:08,879
Speaker 4: I can't I always see here.

884
00:40:09,000 --> 00:40:10,400
Speaker 2: It's just It's funny.

885
00:40:10,400 --> 00:40:12,439
Speaker 4: I was trying to explain it to somebody the other day,

886
00:40:12,520 --> 00:40:15,319
Speaker 4: and like, I'm aware that this is incredibly privileged. I'm

887
00:40:15,320 --> 00:40:19,200
Speaker 4: not saying something that's relatable here, but like you sit

888
00:40:19,239 --> 00:40:21,200
Speaker 4: at the front of the plane, you understand what it

889
00:40:21,239 --> 00:40:24,000
Speaker 4: feels like. But to me, when I get that experience,

890
00:40:24,040 --> 00:40:26,040
Speaker 4: and usually it's because of my points, I'm not paying

891
00:40:26,080 --> 00:40:29,040
Speaker 4: it or it's just because like I've used my points smartly.

892
00:40:29,480 --> 00:40:31,640
Speaker 4: I feel like the holiday starts when you get to

893
00:40:31,680 --> 00:40:35,680
Speaker 4: the airport, whereas when you are, you know, flying economy,

894
00:40:35,760 --> 00:40:37,759
Speaker 4: and like there's nothing wrong with that at all, And

895
00:40:37,800 --> 00:40:39,920
Speaker 4: I still do it, and I've just booked economy flights

896
00:40:39,920 --> 00:40:42,040
Speaker 4: somewhere because I'm like, I'm not wasting that many points,

897
00:40:42,040 --> 00:40:44,200
Speaker 4: Like the upgrade was not worth it. I feel like

898
00:40:44,400 --> 00:40:46,279
Speaker 4: I don't start the holiday until I get to the

899
00:40:46,280 --> 00:40:49,520
Speaker 4: destination because like it's just not as like there's nothing

900
00:40:49,560 --> 00:40:52,320
Speaker 4: relaxing about being on the plane unless you're at the

901
00:40:52,400 --> 00:40:56,400
Speaker 4: very front of the plane. Again, very entitled, but like

902
00:40:56,440 --> 00:41:00,319
Speaker 4: once you've experienced it, you just go wow. So this

903
00:41:00,360 --> 00:41:02,480
Speaker 4: is how the other halfway of maybe I should care

904
00:41:02,520 --> 00:41:04,839
Speaker 4: a little bit more about points collecting or you know,

905
00:41:05,120 --> 00:41:07,640
Speaker 4: being able to upgrade or what flight specials are on,

906
00:41:07,680 --> 00:41:10,120
Speaker 4: because it just you get a taste of the good life.

907
00:41:10,120 --> 00:41:12,240
Speaker 4: And that's what lifestyle creep is right.

908
00:41:12,120 --> 00:41:15,160
Speaker 5: One hundred percent. Yeah, and I've been trying really hard

909
00:41:15,160 --> 00:41:17,240
Speaker 5: to balance it and also not to feel too guilty

910
00:41:17,280 --> 00:41:19,400
Speaker 5: about it as well, like I sometimes forget that I

911
00:41:19,440 --> 00:41:23,640
Speaker 5: need to celebrate the fact that I am in this position,

912
00:41:23,760 --> 00:41:27,200
Speaker 5: and so, yeah, it's not necessarily a bad habit, but

913
00:41:27,239 --> 00:41:29,400
Speaker 5: it is something that sometimes I look back and go,

914
00:41:29,960 --> 00:41:31,400
Speaker 5: I didn't really have to stay there, you know, I

915
00:41:31,400 --> 00:41:33,799
Speaker 5: would have had just as much of a good time

916
00:41:33,920 --> 00:41:36,960
Speaker 5: if I had taken a different flight or stayed at

917
00:41:37,000 --> 00:41:38,799
Speaker 5: a different place and had.

918
00:41:39,080 --> 00:41:41,640
Speaker 4: Totally well, I can't help you with that one, Like

919
00:41:41,719 --> 00:41:43,879
Speaker 4: lifestyle creep, I can help you be aware of it,

920
00:41:44,080 --> 00:41:45,680
Speaker 4: but I can't fix it. But I think I can

921
00:41:45,680 --> 00:41:47,560
Speaker 4: fix the budgeting things. So I'll set you up with

922
00:41:47,600 --> 00:41:50,560
Speaker 4: my money masterclass and I'll get you on a very

923
00:41:50,560 --> 00:41:52,920
Speaker 4: good budget and we will do it together and make

924
00:41:52,960 --> 00:41:55,600
Speaker 4: sure that it is all ready to go so that

925
00:41:55,640 --> 00:41:57,480
Speaker 4: you've got no excuses. So I can fix one of

926
00:41:57,480 --> 00:42:00,080
Speaker 4: those bad habits the other one, like, I'm sorry, do

927
00:42:00,120 --> 00:42:01,800
Speaker 4: you know what you deserve that bad habit? Let's not

928
00:42:01,840 --> 00:42:04,760
Speaker 4: call it bad. Let's call it treating ourselves. We're coming

929
00:42:04,800 --> 00:42:06,879
Speaker 4: to the end of the episode, my love, But at

930
00:42:06,880 --> 00:42:10,560
Speaker 4: the very start, like we've learned so much about you.

931
00:42:10,560 --> 00:42:13,680
Speaker 4: You said that you were a B minus maybe, and

932
00:42:13,719 --> 00:42:15,400
Speaker 4: then you went on to tell me all of this

933
00:42:15,600 --> 00:42:17,960
Speaker 4: cool stuff like what kind of B minus pays off

934
00:42:18,000 --> 00:42:20,360
Speaker 4: their mortgage or their first mortgage in five years?

935
00:42:20,800 --> 00:42:23,520
Speaker 2: I just feel like after learning this.

936
00:42:23,600 --> 00:42:26,600
Speaker 4: Much about you, your background, what you studied, how much

937
00:42:26,719 --> 00:42:29,879
Speaker 4: you're you know, putting your hat in the ring. Understanding, Yeah,

938
00:42:29,920 --> 00:42:32,479
Speaker 4: you do some frugal stuff, but like you've just bought

939
00:42:32,520 --> 00:42:36,320
Speaker 4: your first like home, like your dream home with your partner,

940
00:42:37,160 --> 00:42:39,560
Speaker 4: and you're planning on doing five hundred thousand dollars worth

941
00:42:39,560 --> 00:42:43,279
Speaker 4: of renovations in cash. Like, girlfriend, that's not a B minus. Like,

942
00:42:43,680 --> 00:42:45,759
Speaker 4: what do you think it would take for you to

943
00:42:45,800 --> 00:42:48,280
Speaker 4: say to MeV, I'm an A plus? Like what type

944
00:42:48,320 --> 00:42:51,319
Speaker 4: of changes would you need to make to be able

945
00:42:51,360 --> 00:42:52,359
Speaker 4: to grade yourself there?

946
00:42:52,560 --> 00:42:56,000
Speaker 5: I think despite earning a lot of money, I do

947
00:42:56,160 --> 00:42:59,279
Speaker 5: still think I have some room to grow, and I

948
00:42:59,320 --> 00:43:01,040
Speaker 5: think making them more of the money that I do

949
00:43:01,080 --> 00:43:04,760
Speaker 5: have coming in, So being more aware of my budget,

950
00:43:05,000 --> 00:43:08,520
Speaker 5: what my incomings are, what my outgoings are. I really

951
00:43:08,600 --> 00:43:12,840
Speaker 5: think that that would help me feel more I guess,

952
00:43:12,880 --> 00:43:15,759
Speaker 5: aware and conscious of where my money is going. Like

953
00:43:16,080 --> 00:43:18,880
Speaker 5: there's a lot of privilege that comes with being in

954
00:43:18,920 --> 00:43:21,200
Speaker 5: this situation, but I think I'm doing myself a little

955
00:43:21,200 --> 00:43:23,960
Speaker 5: bit of a disservice by being a bit lazy about it,

956
00:43:24,040 --> 00:43:27,879
Speaker 5: and so that education and also having a bit more

957
00:43:27,880 --> 00:43:31,160
Speaker 5: of a solid emergency fund, like having a nice house

958
00:43:31,200 --> 00:43:33,600
Speaker 5: isn't going to help me if I run into trouble

959
00:43:33,719 --> 00:43:34,439
Speaker 5: or lose my job.

960
00:43:34,560 --> 00:43:36,239
Speaker 4: But it's so good to be self aware of that

961
00:43:36,360 --> 00:43:38,680
Speaker 4: as well, and I just go, well, you're on the

962
00:43:38,760 --> 00:43:40,839
Speaker 4: right track, Like there are so many people who earn

963
00:43:40,920 --> 00:43:43,240
Speaker 4: heaps of money who just go right, well, I'm golden.

964
00:43:43,320 --> 00:43:45,040
Speaker 4: I don't have to think about this. I have heaps

965
00:43:45,040 --> 00:43:47,239
Speaker 4: of money coming in, and I just I think that

966
00:43:47,280 --> 00:43:50,000
Speaker 4: you're You're beyond that, Like you're not be minus to me.

967
00:43:50,000 --> 00:43:51,839
Speaker 5: Maybe an a minus, but I feel like there's always

968
00:43:51,880 --> 00:43:52,319
Speaker 5: room to grow.

969
00:43:52,480 --> 00:43:54,759
Speaker 2: So well, we can sit there for now, my love.

970
00:43:54,880 --> 00:43:56,680
Speaker 2: This has been so good.

971
00:43:56,760 --> 00:43:59,719
Speaker 4: I have loved this episode, and I just know that

972
00:43:59,760 --> 00:44:01,680
Speaker 4: there there's going to be someone who listens to this

973
00:44:01,760 --> 00:44:05,560
Speaker 4: and goes, humh, I reckon, I could do that and

974
00:44:05,600 --> 00:44:08,319
Speaker 4: then gets a better job or upgrades their lifestyle or

975
00:44:08,360 --> 00:44:11,200
Speaker 4: doubles their income because you had to chat with us today.

976
00:44:11,239 --> 00:44:13,440
Speaker 4: So I am just really grateful that you wanted to

977
00:44:13,719 --> 00:44:17,440
Speaker 4: spend the time that you probably don't actually have to

978
00:44:17,520 --> 00:44:20,040
Speaker 4: hang out with us and share your story for the

979
00:44:20,040 --> 00:44:21,520
Speaker 4: betterment of our community.

980
00:44:21,640 --> 00:44:23,680
Speaker 5: So thank you so much for that. I really appreciate it.

981
00:44:23,719 --> 00:44:25,799
Speaker 5: Thank you so much for having me. I've really really

982
00:44:25,880 --> 00:44:27,160
Speaker 5: appreciated being able to share my.

983
00:44:27,080 --> 00:44:36,279
Speaker 4: Story Adore, Thank you so much. The advice shared on

984
00:44:36,400 --> 00:44:38,879
Speaker 4: She's on the Money is general in nature and does

985
00:44:38,920 --> 00:44:42,880
Speaker 4: not consider your individual circumstances. She's on the Money exists

986
00:44:43,000 --> 00:44:46,200
Speaker 4: purely for educational purposes and should not be relied upon

987
00:44:46,280 --> 00:44:48,440
Speaker 4: to make an investment or financial decision.

988
00:44:48,840 --> 00:44:51,080
Speaker 2: If you do choose to buy a financial.

989
00:44:50,640 --> 00:44:54,600
Speaker 4: Product, read the PDS TMD and obtain appropriate financial advice

990
00:44:54,680 --> 00:44:58,279
Speaker 4: tailored towards your needs. Victoria Divine and She's on the

991
00:44:58,280 --> 00:45:01,520
Speaker 4: Money are authorized represented gives of money, sirper P T

992
00:45:01,680 --> 00:45:04,080
Speaker 4: y L t D A B N three two one

993
00:45:04,280 --> 00:45:07,520
Speaker 4: six four nine two seven seven zero eight a F

994
00:45:07,600 --> 00:45:10,440
Speaker 4: s L four five one two eight nine