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Speaker 1: My name's Natasha Bamblet. I'm a proud First Nations woman

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Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya

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Speaker 1: nianar kaka ya ya beIN Ahaka nian Our gay In Mbina,

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Speaker 1: yakarum jar Dominyama, domaga Itawakaman, damon Imlan Bomber bang Gadabomba

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Speaker 1: in and now in wakah ghana on yakram jar Watnadaa. Hello,

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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.

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Speaker 1: We thank acknowledge and respect the Aberiginal people's land that

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Speaker 1: we're gathering on today. Take pleasure in all the land

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Speaker 1: and respect all that you see. She's on the Money

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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,

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Speaker 1: knowledge and resources for you to thrive.

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Speaker 2: 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: and lets you be pervy about other people's money habits

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Speaker 4: for educational purposes, of course. Welcome back to another one

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Speaker 4: of our money diaries, brought to you by sky Wealth,

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Speaker 4: where we get to talk with one of our incredible

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Speaker 4: She's on the Money community members all about their journey. Now,

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Speaker 4: let's jump straight into it, because I got a message

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Speaker 4: this week and it sounded identical to this. Hi, she's

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Speaker 4: on the money team. After returning from a working holiday

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Speaker 4: in London with just one thousand dollars to my name,

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Speaker 4: I became fed up and started my financial literacy journey.

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Speaker 4: Fast forward and I am now fully self employed, leading

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Speaker 4: a team, own my home, and most thrilling of all,

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Speaker 4: I'm about to get married money Doariest.

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Speaker 2: Welcome to the show. I think this is so exciting.

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Speaker 5: Thank you. I actually did get married.

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Speaker 2: Oh you did get married.

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Speaker 5: I get yes two months ago now in September. Stop it.

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Speaker 2: I'm so excited for you. That is so so fun.

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Speaker 2: I'm obsessed. Was it the best day ever?

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Speaker 5: It was.

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Speaker 2: We had a destination wedding and that came with its

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Speaker 2: challenges that it was really fun. And I think you were

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Speaker 2: Jimmy Choo's shoes right, turning you one of your engagement

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Speaker 2: your hends.

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Speaker 5: Yeah yeah, yeah.

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Speaker 2: I bought those same shoes for the wedding and lasted

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Speaker 2: a couple of hours and I had to take them off,

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Speaker 2: the pearly ones or the bow ones, because like I

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Speaker 2: have the bow one, I have a purchase for shoes. Yeah,

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Speaker 2: the bow one. They were I wish you'd message me girlfriend.

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Speaker 2: They're so uncomfortable. I know.

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Speaker 4: I was like, yes, they are so beautiful, they are

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Speaker 4: so uncomfortable.

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Speaker 2: I was so mad about it.

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Speaker 5: Never again.

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Speaker 2: I remember being like, they're Jimmy cho They're going to

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Speaker 2: be really comfortable like this is, and I can justify

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Speaker 2: any shoe purchase you watch me. I'll just ask you

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Speaker 2: next time any big purchases about shoes. You know what,

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Speaker 2: Jimmy choos are fantastic and this is very niche, but

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Speaker 2: they are only fantastic for eight centimeters and below. Anything

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Speaker 2: above eight centimeters no go. Yeah, good to know in hindsight.

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Speaker 2: But you looked really cute, so like the pain was

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Speaker 2: worth it. Money Diarist, I am.

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Speaker 4: So excited because you are the first Money Diary of

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Speaker 4: twenty twenty six to drop, and I just thought, what

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Speaker 4: a perfect story when I read this to pop you

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Speaker 4: on the show, because where you started from is where

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Speaker 4: so many of our community members and new listeners are

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Speaker 4: going to be at the start of their financial journey

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Speaker 4: in twenty twenty six. Like you said, you came back

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Speaker 4: from London. I mean, we're not all coming back from London,

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Speaker 4: but you were just like, I've just got a thousand

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Speaker 4: dollars to my name?

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Speaker 2: What the heck?

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Speaker 4: Like, what do I do? How do I change this?

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Speaker 4: And now we get to learn about how you did

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Speaker 4: change that? So I reckon You're going to be pretty

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Speaker 4: inspirational this episode, and I'm.

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Speaker 2: Just very excited about it.

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Speaker 5: Thank you.

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Speaker 2: Let's dive in.

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Speaker 4: I've probably yapped a little bit too much before even

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Speaker 4: asking this question, but before we ask any other questions,

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Speaker 4: I always ask my money doris or great?

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Speaker 2: We did you give your money habits from A through

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Speaker 2: to F. If I asked you to give yourself a grade, I.

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Speaker 5: Would say, I'm a B plus.

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Speaker 2: I love that.

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Speaker 4: And when you moved back from London with one thousand

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Speaker 4: dollars to your name, what do you reckon you were?

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Speaker 5: I mean like a D.

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Speaker 2: I mean I wasn't in debt, so I could maybe

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Speaker 2: slightly better than a D because I did have something.

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Speaker 2: And I know a lot of friends of mine who

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Speaker 2: came back from London that came back in debt, So

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Speaker 2: I guess that's a plus.

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Speaker 4: Yeah, I mean that's a really great slate to start on.

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Speaker 4: Let's dive a little bit deep on my favorite question

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Speaker 4: in the whole world. Can you tell me a little

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Speaker 4: bit more about your money story.

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Speaker 2: Well, I am a family of four kids, two migrant

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Speaker 2: parents who moved to Australia when I was six years old,

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Speaker 2: and like any other migrant family, they kind of had

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Speaker 2: to start from zero essentially, and my mum stayed at

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Speaker 2: home to look after four kids. We're all very close

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Speaker 2: in age. At some point we were four kids under five.

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Speaker 2: I don't know how she did it, and my dad

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Speaker 2: was the one who worked.

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Speaker 4: Oh my god, not only just like managing five kids,

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Speaker 4: or sorry, four kids under five, not just managing that,

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Speaker 4: but like, sorry, what her body went through to get

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Speaker 4: those four kids out in that short period of time.

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Speaker 2: Icon. Honestly, I don't know how she's She asks us

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Speaker 2: kids if we want four, We're like, no, we're good,

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Speaker 2: We're good.

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Speaker 5: We're good.

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Speaker 2: I'm delusional. I love the idea of four, but four

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Speaker 2: under five, Queen, what were you thinking?

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Speaker 5: I have no idea.

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Speaker 2: It's almost like a flex now to have that many

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Speaker 2: kids and be able to support them, but on a

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Speaker 2: single income. I feel like it's a silent marker of wealth.

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Speaker 2: I reckon, if you've got four kids, you must be rich,

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Speaker 2: like that's how it works in my head, I know

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Speaker 2: that's honestly how they did it. And my dad he

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Speaker 2: worked full time and odd jobs to send us four

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Speaker 2: kids to private schools, four kids through private I just

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Speaker 2: can I get your mum on the show like this

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Speaker 2: sounds good?

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Speaker 5: I have no idea.

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Speaker 2: I know that some of our school fees went on

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Speaker 2: a credit card and he worked. He hustled, like he

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Speaker 2: worked nights, He worked any job it could, just to

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Speaker 2: send us to school because education was.

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Speaker 5: Very, very important.

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Speaker 2: And I guess in their minds that was key to

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Speaker 2: get us out of struggle in future. And it has, like,

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Speaker 2: oh it has.

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Speaker 4: Sorry you told us before that you are now fully

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Speaker 4: self employed, you lead a team, own your home. What

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Speaker 4: do your parents think of that?

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Speaker 5: Well, they are very proud.

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Speaker 2: They wish I didn't spend a lot of my money

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Speaker 2: on holidays and moving to England for two years.

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Speaker 5: But you know, here we are.

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Speaker 2: I finally have my home it is a mortgage, and

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Speaker 2: run my own business. So they can't be that upset,

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Speaker 2: can they? No, No, they can't be that upset.

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Speaker 4: But I also think it's just so funny because obviously

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Speaker 4: they've come from a very different background to you and

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Speaker 4: they're like holidays, moving to London, what do you doing?

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Speaker 2: Just knuckle down, make money.

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Speaker 4: And it's just like this freedom that their decisions afforded

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Speaker 4: you is just something they can't comprehend.

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Speaker 2: Like exactly like for them, any extra money on top

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Speaker 2: of the.

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Speaker 5: School fees was With migrants, they help people.

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Speaker 2: Back home and send money back home, which is I guess,

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Speaker 2: like an unspoken rule. That's just what you do, right,

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Speaker 2: and you don't question it when you're younger, And as

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Speaker 2: soon as we all got jobs as kids, that was

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Speaker 2: almost like a well can you help too, And we

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Speaker 2: just never felt like a lot of our money was

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Speaker 2: really ours, right, it was to support everyone back home

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Speaker 2: because we were the privileged ones who are overseas and

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Speaker 2: have everything here to support us.

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Speaker 4: And that's quite common, like the amount of people that

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Speaker 4: I used to see for financial advice that would be

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Speaker 4: sending money back home, like, irrespective of what country, it

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Speaker 4: was always like an expectation and an added level of pressure,

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Speaker 4: and your parents probably did it because it was an

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Speaker 4: expectation and they never questioned it. But moving to Australia,

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Speaker 4: I feel having spoken to lots of migrants, lots of

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Speaker 4: people who have moved or lots of people who have

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Speaker 4: been born here but their parents weren't. You kind of

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Speaker 4: question it because you're like, well, that's not really the

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Speaker 4: Australian culture. I'm not really seeing that around me when

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Speaker 4: I go to school. I'm not really talking about that,

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Speaker 4: Like it's not part of the culture that you look at.

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Speaker 4: How does that make you feel? Do you go, oh, like, yes,

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Speaker 4: I want to help them, but also like I can't

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Speaker 4: do it at the cost of my success, Like what

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Speaker 4: does that look like?

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Speaker 5: Well, it's always like a conflict.

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Speaker 2: There's a part of you like that's we are so

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Speaker 2: privileged in so many ways. I'm like, hang on, Like

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Speaker 2: all of my friends they have access to you know, grandparents,

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Speaker 2: parents who are helping them with.

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Speaker 5: Weddings and houses. And I just knew that was never

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Speaker 5: ever going to be me.

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Speaker 2: And I worked hard to not have any resentment because

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Speaker 2: that's all my parents know and that is the norm

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Speaker 2: for their background, and we I guess I've set boundaries

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Speaker 2: and I was kind of shielded from it being the youngest.

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Speaker 2: Like my older sister she kind of got the brunt

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Speaker 2: of it, whereas I got shielded from it a little bit.

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Speaker 2: So I'm a bit removed where I have set boundaries

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Speaker 2: where I can help when I want to on my terms,

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Speaker 2: and if it's for a reason that I think is important.

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Speaker 5: Not just cause like no questions asked.

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Speaker 2: I am kind of yeah, that's what I do to

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Speaker 2: kind of make me feel better about it.

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Speaker 4: Yeah, And like it's interesting asking from my perspective, right

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Speaker 4: because I am as white as they come, and I

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Speaker 4: just never have had that experience. But I go, that

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Speaker 4: would be such a conflict. And I've seen my friends

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Speaker 4: go through it where they're like, I'm meant to be

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Speaker 4: like sending money back to the Philippines, but like they

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Speaker 4: don't even spend it on anything good, and they like,

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Speaker 4: you know, there's all of these things that go on

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Speaker 4: that you just like it must be genuinely such a

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Speaker 4: conflict of like, yes, but I also want to be

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Speaker 4: able to get a mortgage or I want it like

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Speaker 4: where does it stop?

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Speaker 5: Yeah, exactly.

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Speaker 2: And my sister and I I think, knowing that our

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Speaker 2: money could be sent overseas, we kind of became addicted

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Speaker 2: to like shopping a little bit in our twenties and

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Speaker 2: it was like, let's spend it before it gets sent off,

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Speaker 2: for example, before we get asked for it, and it

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Speaker 2: was just an unhealthy cycle that way, and it's let's

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Speaker 2: just spend it on us. It became like the opposite,

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Speaker 2: let's spend it on us before anything else.

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Speaker 4: Mum and dad come and ask if we've got any cash,

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Speaker 4: and then we can go, oh, no, sorry, I already

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Speaker 4: spend it.

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Speaker 5: And then you don't feel bad or guilty.

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Speaker 4: No, but then it's not working for you or creating

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Speaker 4: wealth or helping you save or get ahead. And like

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Speaker 4: it kind of makes sense because that's like teenager logic.

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Speaker 2: I fear. You're like, well, it's in my shoes. Mum.

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Speaker 2: We used to hide it, you know, you would hide shopping.

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Speaker 2: And then my sister and I moved out together. It's like, oh,

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Speaker 2: we don't need to hide it. But when we moved

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Speaker 2: the house, there's just a whole room all of these

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Speaker 2: clothes and shoes. I was like, this is a bit

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Speaker 2: of a problem since there's a whole spare room full

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Speaker 2: of stuff we don't wear anymore, which was a bit

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Speaker 2: of an eye opener.

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Speaker 4: Yeah, that's really confronting. I moved house recently and going

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Speaker 4: through my wardrobe, I'm like, Victoria Devir, and you do

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Speaker 4: not need these things.

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Speaker 2: Anymore. Also, what were you thinking? Yeah, I know, I know,

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Speaker 2: but now like the nineties, fashions come back.

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Speaker 4: Okay, maybe yeah, maybe we do want that. So take

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Speaker 4: me through to adulthood. You moved to London, which is

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Speaker 4: so exciting.

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Speaker 2: Why why London? Well, I caught the travel bug as

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Speaker 2: soon as a Finishinie. I spent all my money essentially

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Speaker 2: on traveling. I loved it, and I was that girl

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Speaker 2: that would take leave without page just so I can

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Speaker 2: travel for six weeks in Europe doing a top deck

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Speaker 2: or a Kententi guitur. Your parents would have loved that.

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Speaker 5: They did so.

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Speaker 2: One of my big goals was that I wanted to

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Speaker 2: do things on my own, like I was a bit

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Speaker 2: sheltered from the world, live with my parents for a

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Speaker 2: while and then always had my oldest sister to pull

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Speaker 2: back on and to prove.

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Speaker 5: To myself that I could do it. I did it.

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Speaker 2: I moved to London, took my gap year. I think

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Speaker 2: I was twenty seven. I worked in my profession, which

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Speaker 2: is lucky because I wasn't working minimum wage, so I

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Speaker 2: got that bit of extra money to do a lot

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Speaker 2: of traveling, but with timing. When I moved over the

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Speaker 2: rules change where we had to still pay off our

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Speaker 2: HEX debt and we had to submit tax returns. I

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Speaker 2: was like, oh, I missed down a couple of years

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Speaker 2: with that, so I had to do that. And the

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Speaker 2: two years I was there, I think I paid ten

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Speaker 2: thousand dollars off of my hex debt in those two years.

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Speaker 2: Oh my gosh. That's good. Though it was like five

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Speaker 2: grand a year or something because I was earning enough.

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Speaker 5: To be over the threshold.

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Speaker 2: So that was pretty much most of my savings gone

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Speaker 2: that I had built up to come.

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Speaker 4: Back to, which is kind of hard because like you

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Speaker 4: just go, oh, I've got all these savings and now

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Speaker 4: they feel like they're gone. And yes, it's on quote

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Speaker 4: good things, but also like that's not what I wanted,

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Speaker 4: I know.

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Speaker 2: And the exchange rate is pretty sad from Australia dollar

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Speaker 2: to pounds, like.

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Speaker 5: Oh it's now halved. There goes that.

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Speaker 4: When I was in the UK, I would gaslight myself

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Speaker 4: and be like, oh, it's three pounds.

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Speaker 2: That's like not even bad. That's three three, it's three dollars, yeah,

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Speaker 2: ahead is yeah, this is oh it's two dollars, it's

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Speaker 2: five dollars.

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Speaker 5: But it's not the.

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Speaker 4: Case, it's actually six dollars by yeah.

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Speaker 1: Oh no.

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Speaker 2: I absolutely hated that as well, because I was like,

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Speaker 2: oh my gosh, this exchange rate really cripples us, and

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Speaker 2: that's I think. Oh, it was really sad, like I

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Speaker 2: think I end up going over with twenty grand I

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Speaker 2: was like, oh, that's only ten thousand pounds and yarck. Yeah.

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Speaker 5: Yeah, it was like in my head, this was so

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Speaker 5: much more.

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Speaker 2: Absolutely, So tell me, now, what do you do for

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Speaker 2: work and how much money do you earn?

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Speaker 5: So I am an occupational therapist.

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Speaker 2: Earlier this year I became full time self employed. That's

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Speaker 2: so cool.

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Speaker 5: Yeah, it took a while.

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Speaker 2: It was a big jump, but I started two and

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Speaker 2: a half years ago. I still maintained my government role.

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Speaker 5: Two days a week because it just seemed too scary.

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Speaker 2: No, it's not too scary. That's being financially smart. I

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Speaker 2: was also trying to get a mortgage at the same

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Speaker 2: time when I started as soule trader, and the accountants

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Speaker 2: and mortgage breakers like, maybe don't disclose you want to

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Speaker 2: be a sole trader until.

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Speaker 5: Everything signed off because they could revoke it.

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Speaker 2: I was like, what, yeah, they can, they can, Oh

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Speaker 2: my gosh, yeah, I learned that, and it was like

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Speaker 2: within like two weeks, I was freaking out. I was like,

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Speaker 2: oh my god, because I already made the jump.

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Speaker 4: Yeah, a couple of months ago, we had an issue

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Speaker 4: with a client, which is like fine, like we work

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Speaker 4: through everything. But I don't think she understood that by

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Speaker 4: quitting her job, the pre approval changes, because the pre

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Speaker 4: approval is based on your current circumstances not changing. And

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Speaker 4: even though she was moving jobs and she was getting

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Speaker 4: a good income, she was moving industries. So like like you, yes,

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Speaker 4: you were an occupational therapist, but you're moving to being

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Speaker 4: a self employed one that actually involves a fair bit

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Speaker 4: of risk, like it might not work out. And this

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Speaker 4: girl was going from like one industry to another, and

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Speaker 4: yet she was very smart and had a very good

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Speaker 4: job and the income was fine. But they're like, well,

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Speaker 4: what if she's not good at this new industry, she's

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Speaker 4: only good at the other one.

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Speaker 2: There's so much risk involved.

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Speaker 4: So if anyone's listening and they're like I'm going to

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Speaker 4: do the same thing and I've got my pre approval.

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Speaker 4: If you're going to change jobs, please do not do

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Speaker 4: it during that period of time, and also talk to

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Speaker 4: your broker about it and we can work a.

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Speaker 2: Way around it.

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Speaker 4: But don't drop on me that you've just changed jobs

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Speaker 4: and you're so excited, because I promise my mind goes elsewhere.

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Speaker 4: I don't go, Oh my god, I'm so excited for you.

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Speaker 2: Money rives to go. What are we going to do

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Speaker 2: about that mortgage? Yes, yes, so I learnt that in time.

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Speaker 2: Whoops oops see, but it worked out in the end,

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Speaker 2: it did. Going back to your question, I pay myself

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Speaker 2: about one hundred and ten thousand a year and everything

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Speaker 2: else goes into their business and all that. Sorry sorry, sorry, backtrack.

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Speaker 4: One hundred and ten k a year and you've only

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Speaker 4: just gone out on your own, queen, how.

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Speaker 5: I don't know, hustling, I suppose.

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Speaker 2: I've also have a few contractors working for me and

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Speaker 2: that's helped top up I guess the business.

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Speaker 4: Yeah, so obviously scary going out on your own, but

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Speaker 4: like that's an epic income for someone who's literally been

352
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Speaker 4: out on their own.

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Speaker 2: What now a year I was full time?

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Speaker 5: Only start like February.

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Speaker 2: This year, not even a year. It's about to hit

356
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Speaker 2: a year. You're about to have your anniversary. Oh my goodness,

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Speaker 2: and you've already got contractors working for you, Queen. I

358
00:16:35,840 --> 00:16:40,400
Speaker 2: am so impressed because I started earlier part time, I

359
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Speaker 2: was able to build it up and grow my business

360
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Speaker 2: slowly with a little bit of risk, and yeah, made

361
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Speaker 2: the jomb this year.

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Speaker 5: It only felt right.

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Speaker 2: Well, I love that, and I think it's also a

364
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Speaker 2: really relatable story because so many people go one day,

365
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Speaker 2: I want to have my own business. But for me,

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Speaker 2: the reality of having your own business is there is

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Speaker 2: a lot of risk and there are a lot of

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Speaker 2: responsibilities that you have in the interim, whether that is

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Speaker 2: just rent and some bills or you have kids, Like

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00:17:07,520 --> 00:17:09,720
Speaker 2: to start your own business, you actually have to invest

371
00:17:09,800 --> 00:17:12,560
Speaker 2: so much time and energy outside you'rre nine to five.

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Speaker 2: And that's what I like.

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Speaker 4: I didn't have the privilege of someone being like, here's

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Speaker 4: all of the money to start, Like I don't have

375
00:17:18,840 --> 00:17:21,399
Speaker 4: wealthy parents who were like, oh, well, we can bankroll that.

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Speaker 4: Do you know how much easier life would have been

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Speaker 4: if that was the case.

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Speaker 5: Ah, don't worry, you are I feel exact same.

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Speaker 4: Way exactly, But like, we built our businesses through the

380
00:17:32,160 --> 00:17:35,320
Speaker 4: work ethic that we have, and I genuinely believe that

381
00:17:35,640 --> 00:17:37,960
Speaker 4: when people start businesses like that and they have to

382
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Speaker 4: do the above beyond. You have to do the late

383
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Speaker 4: nights because you finished work at five point thirty, you

384
00:17:42,119 --> 00:17:44,040
Speaker 4: didn't get home till six. You still need to do dinner,

385
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Speaker 4: you still need to work out what's going on there.

386
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Speaker 4: And then you're back on your laptop by nine pm

387
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Speaker 4: and you're working till one am, and you have to

388
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Speaker 4: go to bed again to get up and do the

389
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Speaker 4: grind again. Like, that's why your business is going to

390
00:17:54,760 --> 00:17:57,120
Speaker 4: be successful long term, because you are willing to put

391
00:17:57,160 --> 00:17:59,159
Speaker 4: the time and the energy and the effort into it.

392
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Speaker 4: And now I'm just stabbing the dark here, but now

393
00:18:02,320 --> 00:18:04,840
Speaker 4: I'm assuming you're like, it's actually much easier than it

394
00:18:05,000 --> 00:18:08,320
Speaker 4: was when I was hustling and working full time because

395
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Speaker 4: I just have all of my time on my business.

396
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Speaker 5: Now, that's right, that's right.

397
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Speaker 2: And I was always thinking about the business when I

398
00:18:15,800 --> 00:18:17,640
Speaker 2: was in my other job. Was like, okay, this isn't

399
00:18:17,680 --> 00:18:20,640
Speaker 2: right either when I'm always thinking about the business. And

400
00:18:20,920 --> 00:18:25,359
Speaker 2: it took me about, yeah, almost two years to actually

401
00:18:25,520 --> 00:18:27,679
Speaker 2: rip off the band aids, Like I went down to

402
00:18:27,760 --> 00:18:30,000
Speaker 2: like one day a week, and then it's like, Okay,

403
00:18:30,119 --> 00:18:32,600
Speaker 2: what's the point of working one day a week because

404
00:18:32,600 --> 00:18:37,399
Speaker 2: we're anxious girlies. So yeah, I'm very lucky that my

405
00:18:37,680 --> 00:18:41,720
Speaker 2: now husband is very supportive and he's the stable one

406
00:18:42,080 --> 00:18:45,680
Speaker 2: and is happy being the stable one while I pursue

407
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Speaker 2: whatever I wanted.

408
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Speaker 5: Really, so that kind of gave me the security to

409
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Speaker 5: do that.

410
00:18:50,240 --> 00:18:53,199
Speaker 2: Yeah, no, that is so beautiful. I love that. So

411
00:18:53,680 --> 00:18:54,159
Speaker 2: talk to me.

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Speaker 4: You've achieved some pretty big money goals already. You bought

413
00:18:57,040 --> 00:19:00,159
Speaker 4: your home, you have started a business. What are your

414
00:19:00,440 --> 00:19:03,960
Speaker 4: biggest financial goals at the moment that you're currently working towards?

415
00:19:04,320 --> 00:19:06,240
Speaker 5: Well, because I can't help myself.

416
00:19:06,359 --> 00:19:09,120
Speaker 2: I actually had a side hustle wedding business on top

417
00:19:09,160 --> 00:19:12,920
Speaker 2: of my full time job before I started my health job.

418
00:19:13,119 --> 00:19:14,280
Speaker 5: I just can't help myself.

419
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Speaker 2: I actually want to start and inclusive fashion line next year.

420
00:19:17,720 --> 00:19:20,680
Speaker 2: Oh my god. That's so exciting but also so aligned

421
00:19:20,720 --> 00:19:21,400
Speaker 2: to what you do.

422
00:19:21,840 --> 00:19:23,600
Speaker 5: Yes, that's right. I like fashion.

423
00:19:23,640 --> 00:19:26,760
Speaker 2: With all the shopping that my season I did, you

424
00:19:26,880 --> 00:19:31,320
Speaker 2: think we'd know everything. But that is the big financial

425
00:19:31,320 --> 00:19:34,520
Speaker 2: goal for next year, and getting my super to where

426
00:19:34,560 --> 00:19:37,960
Speaker 2: I wanted to be. I didn't pay myself any super

427
00:19:38,000 --> 00:19:40,440
Speaker 2: when I lived overseas, and when I started the business,

428
00:19:40,520 --> 00:19:44,000
Speaker 2: it was also very minimal. I guess that was advice

429
00:19:44,160 --> 00:19:47,760
Speaker 2: from the accountant and financial advisor. That's saying who told

430
00:19:47,760 --> 00:19:50,680
Speaker 2: me that I didn't have to put too much into

431
00:19:50,680 --> 00:19:54,520
Speaker 2: my SUPER while I was building the business, And so

432
00:19:54,640 --> 00:19:57,560
Speaker 2: I did take that advice, but that's kind of put

433
00:19:57,600 --> 00:19:59,679
Speaker 2: me behind a little bit with where I want to

434
00:19:59,680 --> 00:20:00,120
Speaker 2: be with my.

435
00:20:00,400 --> 00:20:02,800
Speaker 4: But also I feel like there needs to be ebbs

436
00:20:02,840 --> 00:20:06,800
Speaker 4: and flows to achieve your goals as well. So yes,

437
00:20:06,840 --> 00:20:09,159
Speaker 4: you're like, oh, I'm behind with my SUPER, but like

438
00:20:09,240 --> 00:20:11,119
Speaker 4: there's a lot of reason why. It's not like, oh,

439
00:20:11,160 --> 00:20:13,120
Speaker 4: I've just let it lapse. I never thought about it

440
00:20:13,160 --> 00:20:16,359
Speaker 4: and it's not been a priority. Like my SUPER suffered

441
00:20:16,480 --> 00:20:19,080
Speaker 4: for years. And I've tried to talk about this before,

442
00:20:19,119 --> 00:20:22,040
Speaker 4: because you know, there's like the goal, and like when

443
00:20:22,080 --> 00:20:25,040
Speaker 4: you're building a business or when you're doing anything, there's

444
00:20:25,560 --> 00:20:28,119
Speaker 4: the like perfect outcome. And the perfect outcome would have

445
00:20:28,160 --> 00:20:30,199
Speaker 4: been that I started my own business and it was

446
00:20:30,240 --> 00:20:33,439
Speaker 4: so financially successful that I could pay myself super and

447
00:20:33,480 --> 00:20:35,119
Speaker 4: I could do all of these other things. But the

448
00:20:35,160 --> 00:20:38,840
Speaker 4: reality was I couldn't pay myself super and also take

449
00:20:38,880 --> 00:20:41,159
Speaker 4: on a new staff member and scale and.

450
00:20:41,880 --> 00:20:44,920
Speaker 2: Work all of that out, so it did suffer. And yes,

451
00:20:44,960 --> 00:20:47,520
Speaker 2: there is like the best like as you know you've

452
00:20:47,520 --> 00:20:48,200
Speaker 2: listened to the show.

453
00:20:48,280 --> 00:20:51,600
Speaker 4: You know, I'm like, pay yourself superannuation, but also there's

454
00:20:51,680 --> 00:20:54,280
Speaker 4: do as I say, not as I do, but also

455
00:20:54,440 --> 00:20:56,320
Speaker 4: give yourself a little bit of credit and go, well,

456
00:20:56,560 --> 00:20:58,520
Speaker 4: it's okay to have been a little bit behind because

457
00:20:58,520 --> 00:21:01,680
Speaker 4: I'm prioritizing it now. And is that something that you're

458
00:21:01,720 --> 00:21:04,000
Speaker 4: excited about. Are you like that's just a hygiene factor,

459
00:21:04,080 --> 00:21:06,439
Speaker 4: just get that stuff sorted or is it like a

460
00:21:06,760 --> 00:21:08,720
Speaker 4: I'm excited to get on top of it, because I

461
00:21:08,760 --> 00:21:10,000
Speaker 4: don't think anyone really is.

462
00:21:10,600 --> 00:21:12,320
Speaker 5: I am excited to get on top of it.

463
00:21:12,440 --> 00:21:15,520
Speaker 2: But then the part of me is like, I also

464
00:21:15,640 --> 00:21:18,879
Speaker 2: want to invest in my business, so this can also

465
00:21:19,080 --> 00:21:22,199
Speaker 2: help me in retirement and be a little bit of

466
00:21:22,200 --> 00:21:24,639
Speaker 2: a nest egg maybe down the track if I grow this,

467
00:21:25,160 --> 00:21:28,800
Speaker 2: so I'm not just reliant on super. So that's kind

468
00:21:28,800 --> 00:21:33,200
Speaker 2: of where my mind is at as well. And we're

469
00:21:33,240 --> 00:21:36,840
Speaker 2: also starting our investment journey as well, and that's I

470
00:21:36,840 --> 00:21:38,760
Speaker 2: guess will help. Yeah.

471
00:21:38,800 --> 00:21:40,879
Speaker 4: So one thing I will say about that is it

472
00:21:40,920 --> 00:21:43,120
Speaker 4: can feel like that because that's the struggle that I

473
00:21:43,160 --> 00:21:45,240
Speaker 4: was in. I was like, do I like because I

474
00:21:45,359 --> 00:21:48,560
Speaker 4: was behind it, like tens of thousands of dollars of superannuation.

475
00:21:49,000 --> 00:21:50,679
Speaker 4: And I was like, do I pull money out of

476
00:21:50,680 --> 00:21:52,560
Speaker 4: my business and top it up like as a lump sum?

477
00:21:52,880 --> 00:21:55,159
Speaker 4: Do I increase my contributions over a long time?

478
00:21:55,600 --> 00:21:57,880
Speaker 2: Do I? You know what? Do I do? Like what's

479
00:21:57,920 --> 00:22:00,040
Speaker 2: best for me? And then overlaying that.

480
00:22:00,000 --> 00:22:02,639
Speaker 4: And I'm like, but that money could go towards something

481
00:22:02,720 --> 00:22:06,080
Speaker 4: else in business. But you don't work as hard as

482
00:22:06,119 --> 00:22:08,280
Speaker 4: you do to own your business to then retire with

483
00:22:08,400 --> 00:22:12,280
Speaker 4: less superranuation than someone who never took that risk. So

484
00:22:12,359 --> 00:22:15,120
Speaker 4: you need to pay your supranuation. So even though you're

485
00:22:15,119 --> 00:22:17,520
Speaker 4: planning on investing and investing in the business and like

486
00:22:17,560 --> 00:22:21,000
Speaker 4: starting your external investment journey, I think is so important

487
00:22:21,040 --> 00:22:23,120
Speaker 4: to make sure that you're not in a worse off

488
00:22:23,160 --> 00:22:25,639
Speaker 4: position than someone who didn't take the risk when it

489
00:22:25,680 --> 00:22:28,639
Speaker 4: comes to super like you deserve to be thriving.

490
00:22:28,280 --> 00:22:31,639
Speaker 2: There as well. And it's so sad how many business

491
00:22:31,640 --> 00:22:34,800
Speaker 2: owners go doesn't matter because I've invested everything in my business.

492
00:22:35,240 --> 00:22:37,120
Speaker 2: And then please don't get me wrong, I'm not trying

493
00:22:37,119 --> 00:22:39,560
Speaker 2: to be cynical, but they come to retirement that I

494
00:22:39,600 --> 00:22:42,240
Speaker 2: can sell my business and we can't find anyone who

495
00:22:42,280 --> 00:22:44,239
Speaker 2: wants to buy your business or your business is so

496
00:22:44,400 --> 00:22:47,440
Speaker 2: tied to you personally that you're the value in the business,

497
00:22:47,880 --> 00:22:50,479
Speaker 2: or maybe over the last few years before you're retired,

498
00:22:50,680 --> 00:22:52,639
Speaker 2: you'd wound down the business and it's not worth what

499
00:22:52,720 --> 00:22:54,520
Speaker 2: you thought it was. Like, God, friend, I've just got

500
00:22:54,520 --> 00:22:57,880
Speaker 2: so much to say, pay your damn super Okay, yeah, yeah,

501
00:22:57,960 --> 00:23:01,240
Speaker 2: I have increased my contributions this year as well, so

502
00:23:01,840 --> 00:23:04,400
Speaker 2: it's definitely in the back of my mind each time

503
00:23:04,440 --> 00:23:07,560
Speaker 2: I pay myself that I do put in something towards

504
00:23:07,600 --> 00:23:11,320
Speaker 2: my super and it's finally back on track hopefully. So

505
00:23:11,720 --> 00:23:13,760
Speaker 2: do you have a good bookkeeper or accountant that you

506
00:23:13,800 --> 00:23:17,200
Speaker 2: work with for this? Yes, I pay a bookkeeper, an accountant,

507
00:23:17,320 --> 00:23:20,480
Speaker 2: and a financial advisor thanks to your podcast. Oh my god,

508
00:23:20,480 --> 00:23:22,200
Speaker 2: it's like I bullied you into it. I love this.

509
00:23:24,560 --> 00:23:26,640
Speaker 5: And now I bully other people into so good.

510
00:23:26,760 --> 00:23:28,879
Speaker 4: That's why I call this a cult. It's like a

511
00:23:28,960 --> 00:23:32,680
Speaker 4: multi level marketing scheme. But we actually all get rich,

512
00:23:33,000 --> 00:23:34,000
Speaker 4: like we actually do.

513
00:23:34,200 --> 00:23:36,720
Speaker 5: I pass on your book too, from one friend to another.

514
00:23:36,840 --> 00:23:39,600
Speaker 2: That's so cute. I love it. All. Right, let's go

515
00:23:39,600 --> 00:23:40,879
Speaker 2: to a really quick break.

516
00:23:40,680 --> 00:23:42,679
Speaker 4: Because I have a lot more questions and we'll get

517
00:23:42,720 --> 00:23:45,360
Speaker 4: to the MI in a hot minute.

518
00:23:48,000 --> 00:23:50,680
Speaker 2: Money Diarist. We are back, and I'm just so excited.

519
00:23:50,720 --> 00:23:52,480
Speaker 4: I went to a break, but I didn't want to

520
00:23:52,480 --> 00:23:54,000
Speaker 4: go to a break, so I wanted to ask you

521
00:23:54,080 --> 00:23:56,400
Speaker 4: about your investing journey because you dropped when we're talking

522
00:23:56,400 --> 00:23:57,200
Speaker 4: about superannuation.

523
00:23:57,240 --> 00:23:59,400
Speaker 2: Oh my husband and I have just started investing.

524
00:23:59,440 --> 00:24:01,920
Speaker 4: I'm like, worry, what where when? And I had to

525
00:24:02,200 --> 00:24:05,240
Speaker 4: hold the brakes. Now I don't have to talk to me.

526
00:24:05,560 --> 00:24:08,720
Speaker 4: What's your investment strategy? What's going on apart from investing

527
00:24:08,720 --> 00:24:09,560
Speaker 4: in your business?

528
00:24:10,560 --> 00:24:14,160
Speaker 2: What are you guys doing well? We had the Financial

529
00:24:14,200 --> 00:24:18,080
Speaker 2: Advisor set us up with CFS investment shares, so I

530
00:24:18,080 --> 00:24:21,800
Speaker 2: think they're ETFs, and we invest three hundred dollars a

531
00:24:21,840 --> 00:24:25,640
Speaker 2: month towards it, and we'll be increasing that to four

532
00:24:25,720 --> 00:24:28,359
Speaker 2: hundred dollars a month now that we don't have a

533
00:24:28,400 --> 00:24:32,080
Speaker 2: wedding to pay for. I also invest twenty five dollars

534
00:24:32,119 --> 00:24:34,560
Speaker 2: a week in my raise and I've been doing that

535
00:24:34,600 --> 00:24:35,600
Speaker 2: for a couple of years now.

536
00:24:35,680 --> 00:24:39,280
Speaker 5: That's just kind of a recurring thing that I do.

537
00:24:39,400 --> 00:24:42,200
Speaker 4: I love that, So tell me when you decided, all right,

538
00:24:42,240 --> 00:24:44,320
Speaker 4: we don't have a wedding to pay for anymore, because

539
00:24:44,359 --> 00:24:45,679
Speaker 4: I want to ask about that as well. In a

540
00:24:45,680 --> 00:24:47,440
Speaker 4: hot minute, but we don't have a wedding to pay

541
00:24:47,480 --> 00:24:50,399
Speaker 4: for anymore. We want to redirect these funds into investing.

542
00:24:51,280 --> 00:24:53,360
Speaker 4: How did you start making decisions around that? How did

543
00:24:53,359 --> 00:24:55,840
Speaker 4: you choose your platform? How did you know decide what

544
00:24:56,600 --> 00:24:59,480
Speaker 4: assets to purchase on that platform? What did that look like?

545
00:24:59,760 --> 00:25:03,440
Speaker 2: Well, oh, the financial.

546
00:25:02,840 --> 00:25:04,840
Speaker 5: Advisor just did it and set it up.

547
00:25:05,080 --> 00:25:09,080
Speaker 2: We just said cool, yes, all right, just take it

548
00:25:09,080 --> 00:25:13,840
Speaker 2: out monthly, set and forget. And yeah, I wish I

549
00:25:13,880 --> 00:25:19,399
Speaker 2: had time energy to spend on it, but I know

550
00:25:19,600 --> 00:25:21,840
Speaker 2: I can't do it all as much as I want to.

551
00:25:21,960 --> 00:25:24,399
Speaker 4: No, no, no, no, But I love that because we

552
00:25:24,440 --> 00:25:26,840
Speaker 4: don't often get people on the show who are like, oh,

553
00:25:26,920 --> 00:25:28,879
Speaker 4: I've got you know, four hundred dollars a month, and

554
00:25:29,040 --> 00:25:31,920
Speaker 4: I am getting a management company or a financial advisor

555
00:25:31,960 --> 00:25:33,560
Speaker 4: to run it, which is perfect. So I want to

556
00:25:33,560 --> 00:25:36,840
Speaker 4: be pervy about that. How much does your financial advisor cost?

557
00:25:36,960 --> 00:25:38,800
Speaker 4: So is it between you and your husband, like it's

558
00:25:38,800 --> 00:25:41,720
Speaker 4: a joint financial advisor, and talk me through that.

559
00:25:41,720 --> 00:25:42,280
Speaker 5: That's right.

560
00:25:42,840 --> 00:25:46,520
Speaker 2: Part of it is paid through my super and then

561
00:25:46,640 --> 00:25:50,320
Speaker 2: the other part it's we pay for it, and it's

562
00:25:51,280 --> 00:25:54,680
Speaker 2: ninety dollars a month and the rest is paid through

563
00:25:54,720 --> 00:25:57,639
Speaker 2: the super and then when they set up your investment portfolio,

564
00:25:57,680 --> 00:26:00,240
Speaker 2: how involved were you Were you like, look, we just

565
00:26:00,280 --> 00:26:02,280
Speaker 2: want something set and forget, and I just want to

566
00:26:02,280 --> 00:26:05,600
Speaker 2: contribute my contributions. Or were you, you know, pouring over

567
00:26:05,680 --> 00:26:08,199
Speaker 2: pieces of paper for months before making the decision. What

568
00:26:08,240 --> 00:26:12,359
Speaker 2: did that look like? No, I guess I just didn't

569
00:26:12,359 --> 00:26:14,800
Speaker 2: have the brain space for that, and I saw them

570
00:26:14,840 --> 00:26:16,480
Speaker 2: as like an expert based on.

571
00:26:16,440 --> 00:26:17,440
Speaker 5: Our risk profile.

572
00:26:17,640 --> 00:26:19,919
Speaker 2: It's okay, we don't want to be too risky, but

573
00:26:20,880 --> 00:26:23,600
Speaker 2: we do have a lot of years to work and

574
00:26:23,720 --> 00:26:26,919
Speaker 2: build our wealth, so we just kind of left it.

575
00:26:26,960 --> 00:26:29,080
Speaker 4: Tim, And do you, off the top of your head,

576
00:26:29,080 --> 00:26:31,520
Speaker 4: know what your portfolio looks like. Have you got ETFs?

577
00:26:31,520 --> 00:26:32,679
Speaker 4: Have you got direct shares?

578
00:26:33,040 --> 00:26:37,800
Speaker 2: I think it's very diversified as part ETFs and there's

579
00:26:38,080 --> 00:26:41,199
Speaker 2: bonds something like that. I love that you've just been like,

580
00:26:41,320 --> 00:26:43,360
Speaker 2: we've left it to them. I don't know what's in it.

581
00:26:43,720 --> 00:26:46,800
Speaker 2: We do four hundred bucks a month money win, Yeah.

582
00:26:47,160 --> 00:26:47,800
Speaker 5: That's it.

583
00:26:47,800 --> 00:26:49,640
Speaker 2: It's been on my to do list to actually take

584
00:26:49,640 --> 00:26:51,199
Speaker 2: a deep dive into it, but I just don't have

585
00:26:51,280 --> 00:26:52,280
Speaker 2: capacity to do it.

586
00:26:52,440 --> 00:26:55,480
Speaker 4: Girlfriend, It's fine, and that's what you like. That's the

587
00:26:55,520 --> 00:26:57,880
Speaker 4: privilege of getting a professional involved right, Like, you still

588
00:26:57,920 --> 00:26:59,080
Speaker 4: get to do it. You don't have to be so

589
00:26:59,200 --> 00:27:03,800
Speaker 4: hands on. It can actually be really easy. But it's

590
00:27:03,880 --> 00:27:07,120
Speaker 4: just making decisions in line with your values. Now, can

591
00:27:07,160 --> 00:27:10,320
Speaker 4: I backpedal? You guys mentioned that you got married recently,

592
00:27:10,600 --> 00:27:13,560
Speaker 4: and I love talking about weddings, Like my wedding was

593
00:27:13,560 --> 00:27:15,119
Speaker 4: the best day of my flip in life and if

594
00:27:15,119 --> 00:27:17,639
Speaker 4: I could do it again, I would. People are often like,

595
00:27:17,680 --> 00:27:20,280
Speaker 4: do you regret spending money? Like what was your biggest regret?

596
00:27:20,320 --> 00:27:22,320
Speaker 4: And like, no, no, I regret that I didn't spend

597
00:27:22,320 --> 00:27:25,240
Speaker 4: more like this was my favorite day of my entire life,

598
00:27:25,280 --> 00:27:27,879
Speaker 4: apart from where my son was born, and like that

599
00:27:28,040 --> 00:27:30,400
Speaker 4: was still a different best day of my life, right,

600
00:27:31,240 --> 00:27:34,320
Speaker 4: Like having all the people that you love in one location,

601
00:27:34,640 --> 00:27:38,360
Speaker 4: like it never happens, so for me, it's true so special.

602
00:27:39,160 --> 00:27:41,200
Speaker 4: Talk to me about wedding budgeting. Talk to me about

603
00:27:41,200 --> 00:27:43,720
Speaker 4: this destination wedding. How much does it cost? How do

604
00:27:43,760 --> 00:27:44,800
Speaker 4: we budget for a wedding?

605
00:27:45,080 --> 00:27:49,400
Speaker 2: Well, my husband and we know that we were going

606
00:27:49,440 --> 00:27:52,520
Speaker 2: to fund pretty much our whole wedding. We just didn't

607
00:27:52,560 --> 00:27:56,440
Speaker 2: have parents to drop that much money. We did get help,

608
00:27:56,720 --> 00:27:58,920
Speaker 2: but it was all going to be on us.

609
00:27:59,000 --> 00:28:01,520
Speaker 4: Yeah, but it wasn't an ex when you're planning your wedding,

610
00:28:01,560 --> 00:28:03,280
Speaker 4: you're like, oh, well, I know mum and dad will

611
00:28:03,280 --> 00:28:04,520
Speaker 4: probably contribute X.

612
00:28:04,520 --> 00:28:06,680
Speaker 5: It was like, yeah, we just never had that thought. Ever.

613
00:28:06,840 --> 00:28:09,080
Speaker 4: It was like a benefit when you told them we're

614
00:28:09,080 --> 00:28:11,200
Speaker 4: getting married and they said we'll cover X or Y.

615
00:28:11,640 --> 00:28:15,239
Speaker 2: Is that what happened? Not really, it was like we

616
00:28:15,280 --> 00:28:20,880
Speaker 2: never had that expectations. Give us a present if and yes,

617
00:28:20,960 --> 00:28:24,440
Speaker 2: we were lucky that we got some money beforehand, which

618
00:28:24,480 --> 00:28:28,800
Speaker 2: was like maybe ten thousand dollars between our parents to

619
00:28:28,920 --> 00:28:30,960
Speaker 2: go towards it, and the rest was us.

620
00:28:31,440 --> 00:28:33,760
Speaker 5: We started saving.

621
00:28:34,160 --> 00:28:36,960
Speaker 2: I think it was an eighteen month engagement, and we

622
00:28:37,000 --> 00:28:42,000
Speaker 2: started saving. I actually have your spreadsheet and that's how

623
00:28:42,040 --> 00:28:44,960
Speaker 2: I track my spending. And you're welcome, by the way,

624
00:28:44,960 --> 00:28:49,080
Speaker 2: because that was my actual wedding spreadsheet. Yeah, of course

625
00:28:49,120 --> 00:28:50,440
Speaker 2: it was. Why do you think there are so many

626
00:28:50,600 --> 00:28:52,880
Speaker 2: rogue like random things on there that you'd be like, oh,

627
00:28:52,920 --> 00:28:56,280
Speaker 2: I didn't think of that. That's because I had that.

628
00:28:56,840 --> 00:28:59,160
Speaker 5: Yeah, So I just kind of, you know, use that

629
00:28:59,200 --> 00:29:00,400
Speaker 5: to help budget.

630
00:29:00,920 --> 00:29:05,600
Speaker 2: And we just started putting money away fortnightly. I had

631
00:29:05,640 --> 00:29:08,320
Speaker 2: a goal in mind. My husband gave me a limit

632
00:29:08,400 --> 00:29:11,160
Speaker 2: on how much I was allowed to spend on the wedding,

633
00:29:11,840 --> 00:29:13,960
Speaker 2: and we just worked backwards, like how much money do

634
00:29:14,000 --> 00:29:15,560
Speaker 2: we have to put in fortnightly for this?

635
00:29:15,760 --> 00:29:16,880
Speaker 5: And that's how we did it.

636
00:29:16,960 --> 00:29:19,800
Speaker 4: For those of you playing along at home, my wedding spreadsheet,

637
00:29:19,880 --> 00:29:22,680
Speaker 4: like my wedding budget spreadsheet is available for you to

638
00:29:22,720 --> 00:29:25,760
Speaker 4: download for free on our website. So that's what she's

639
00:29:25,800 --> 00:29:29,000
Speaker 4: talking about. What was your budget? So what was the

640
00:29:29,080 --> 00:29:33,240
Speaker 4: limit for the wedding because destination sounds speno, Well.

641
00:29:33,080 --> 00:29:37,000
Speaker 2: We chose where my family's from, the Philippines, so it's

642
00:29:37,040 --> 00:29:40,400
Speaker 2: not as expensive as Europe set like Centerini. It was

643
00:29:40,440 --> 00:29:43,240
Speaker 2: going to be Europe or the Philippines, and the Philippines

644
00:29:43,320 --> 00:29:48,400
Speaker 2: it's going to be cheaper. We had a maybe forty

645
00:29:49,080 --> 00:29:52,600
Speaker 2: forty five thousand dollars budget and I actually did all

646
00:29:52,640 --> 00:29:56,800
Speaker 2: the expenses, including the flights, a little bit of holiday

647
00:29:56,920 --> 00:29:59,840
Speaker 2: which we spledged on a little bit to stay some

648
00:30:00,040 --> 00:30:03,440
Speaker 2: with Bougie afterwards, and the whole wedding day.

649
00:30:03,680 --> 00:30:05,000
Speaker 5: It was like fifty two thousand.

650
00:30:05,080 --> 00:30:07,840
Speaker 2: Oh okay, cool, so not too far over budget, but

651
00:30:07,920 --> 00:30:09,960
Speaker 2: like not saying it's good to go over budget, but

652
00:30:09,960 --> 00:30:12,800
Speaker 2: I feel like with weddings everything just ends up blowing out,

653
00:30:13,000 --> 00:30:16,120
Speaker 2: like you go, wait what exactly? And I got like

654
00:30:16,680 --> 00:30:20,360
Speaker 2: my dream dress and my shoes, Like I didn't those

655
00:30:20,360 --> 00:30:22,640
Speaker 2: weren't budget shoes. We already learned at the start of

656
00:30:22,640 --> 00:30:24,840
Speaker 2: this episode. She went Jimmy Choo. Sorry, at least twelve

657
00:30:24,880 --> 00:30:28,640
Speaker 2: hundred dollars for shoes. Great, so those It was actually

658
00:30:28,680 --> 00:30:29,560
Speaker 2: the first thing I bought.

659
00:30:29,840 --> 00:30:32,920
Speaker 4: Sorry, I bought my shoes before my engagement dress as well,

660
00:30:32,960 --> 00:30:35,480
Speaker 4: Like I'm such a shoes girlie. And I also bought

661
00:30:35,520 --> 00:30:38,560
Speaker 4: my shoes before I knew what my dress looked like.

662
00:30:38,600 --> 00:30:41,360
Speaker 4: For my wedding dress, I just knew what I wanted,

663
00:30:41,400 --> 00:30:43,440
Speaker 4: and in my head, I'm like, this is actually really

664
00:30:43,480 --> 00:30:45,840
Speaker 4: smart because I can take these shoes to the wedding

665
00:30:45,960 --> 00:30:48,080
Speaker 4: dress fittings and have the right length from the start.

666
00:30:48,080 --> 00:30:49,320
Speaker 2: And I'm a genius.

667
00:30:49,720 --> 00:30:50,840
Speaker 5: That's right, that's right.

668
00:30:50,880 --> 00:30:54,120
Speaker 2: And I knew I was like my split it has

669
00:30:54,160 --> 00:30:56,480
Speaker 2: to be with a front bow is yep? So I

670
00:30:56,520 --> 00:30:59,560
Speaker 2: got a custom made just so the split could highlighter.

671
00:30:59,640 --> 00:31:01,080
Speaker 2: You have to send me wedding photos.

672
00:31:01,120 --> 00:31:01,560
Speaker 5: You have to.

673
00:31:01,840 --> 00:31:03,320
Speaker 2: They're the rules. I just made them.

674
00:31:03,400 --> 00:31:05,040
Speaker 5: Yeah, I'll send them to you definitely.

675
00:31:05,160 --> 00:31:09,280
Speaker 4: Oh please do Oh I adore that. So fifty two

676
00:31:09,320 --> 00:31:12,920
Speaker 4: thousand dollars in budgeting, like as in total budget, what

677
00:31:13,200 --> 00:31:16,200
Speaker 4: expense surprised you the most, Like what expensould be?

678
00:31:16,320 --> 00:31:18,560
Speaker 2: Like, oh damn, I didn't realize that would come back

679
00:31:18,600 --> 00:31:22,640
Speaker 2: as so expensive. Well, I've had experience and weddings before,

680
00:31:22,720 --> 00:31:27,360
Speaker 2: so nothing really surprised me. I think for us, we

681
00:31:27,840 --> 00:31:32,240
Speaker 2: wanted a mini holiday and we booked the holiday like

682
00:31:33,000 --> 00:31:36,680
Speaker 2: a year before the wedding, and that was very expensive

683
00:31:36,880 --> 00:31:41,280
Speaker 2: the accommodation, and then fast forward like a month before

684
00:31:41,280 --> 00:31:43,840
Speaker 2: the wedding, like, oh, I didn't budget to be paying

685
00:31:44,080 --> 00:31:46,920
Speaker 2: five thousand dollars for three nights at hotel or whatever

686
00:31:47,000 --> 00:31:47,360
Speaker 2: it was.

687
00:31:48,480 --> 00:31:50,920
Speaker 5: Yeah, it was like, oh, okay, that wasn't in my

688
00:31:50,960 --> 00:31:53,600
Speaker 5: initial budget, but we'll make it work.

689
00:31:53,760 --> 00:31:56,360
Speaker 2: Yeah, and what do you think came out the cheapest

690
00:31:56,360 --> 00:31:58,360
Speaker 2: and you were like, oh, that's surprisingly a good deal.

691
00:31:58,920 --> 00:32:03,240
Speaker 2: I guess it's really hard with destination weddings because I

692
00:32:03,240 --> 00:32:06,160
Speaker 2: don't really know how much things cost and we didn't

693
00:32:06,160 --> 00:32:11,200
Speaker 2: go super budget. But yeah, I just kind of paid

694
00:32:11,280 --> 00:32:15,400
Speaker 2: whatever we did save on my husband's custom suit. I

695
00:32:15,400 --> 00:32:18,160
Speaker 2: think that ended up being cheaper to get a maid

696
00:32:18,240 --> 00:32:20,680
Speaker 2: than going to like MJ bail or something, So that

697
00:32:20,720 --> 00:32:21,360
Speaker 2: was surprising.

698
00:32:21,480 --> 00:32:24,440
Speaker 4: Yeah, we did the same for my husband's suits, and like,

699
00:32:24,480 --> 00:32:27,600
Speaker 4: we went to a relatively expensive tailor here in Melbourne,

700
00:32:27,640 --> 00:32:30,120
Speaker 4: which for those of even following along is p Johnson,

701
00:32:30,200 --> 00:32:32,840
Speaker 4: and I'm obsessed with them, and they are seen as

702
00:32:32,880 --> 00:32:34,640
Speaker 4: being like like, if you go on their website, their

703
00:32:34,680 --> 00:32:37,520
Speaker 4: clothes are expensive like their lux if that makes sense.

704
00:32:37,760 --> 00:32:38,720
Speaker 2: But I remember being like.

705
00:32:38,680 --> 00:32:40,560
Speaker 4: Oh, this is going to cost a bomb, like this

706
00:32:40,600 --> 00:32:43,600
Speaker 4: is going to be crazy because we did my hut

707
00:32:43,680 --> 00:32:45,600
Speaker 4: and this is just like a side conversation because I

708
00:32:45,640 --> 00:32:48,480
Speaker 4: love wedding chat. Apologies, but like we did my husband's

709
00:32:48,480 --> 00:32:51,360
Speaker 4: suit and then we paid for the groomsmen's suits as well,

710
00:32:51,960 --> 00:32:53,240
Speaker 4: and they were so good about it.

711
00:32:53,280 --> 00:32:54,360
Speaker 2: They're like, oh, we.

712
00:32:54,320 --> 00:32:56,440
Speaker 4: Can save heaps of money here and here if we

713
00:32:56,520 --> 00:32:58,920
Speaker 4: have the suits made like this instead of like this,

714
00:32:59,080 --> 00:33:01,680
Speaker 4: And it ended up coming out of the wash being

715
00:33:01,720 --> 00:33:04,000
Speaker 4: like much more affordable than we thought it was going

716
00:33:04,080 --> 00:33:06,959
Speaker 4: to be. So it definitely pays to inquire, even if

717
00:33:07,000 --> 00:33:09,480
Speaker 4: you think like customs the more boogie option. You're right,

718
00:33:09,600 --> 00:33:12,720
Speaker 4: MJ bail very expensive suits or very I think that

719
00:33:12,800 --> 00:33:15,800
Speaker 4: they're quite like would you say, like mid range like good,

720
00:33:15,840 --> 00:33:18,560
Speaker 4: but then yeah, yeah, then they're not like top top no,

721
00:33:18,640 --> 00:33:21,840
Speaker 4: but then their wedding stuff is definitely more expensive, but

722
00:33:21,840 --> 00:33:24,560
Speaker 4: then you've got to get them customized and changed and whatnot,

723
00:33:24,600 --> 00:33:25,440
Speaker 4: and that all act so.

724
00:33:25,480 --> 00:33:26,960
Speaker 5: The tailoring is on top.

725
00:33:27,040 --> 00:33:30,160
Speaker 2: I was like, oh, okay, so when you get a

726
00:33:30,240 --> 00:33:32,760
Speaker 2: custom made everything's kind of included.

727
00:33:32,960 --> 00:33:35,000
Speaker 5: So it ended up being.

728
00:33:35,080 --> 00:33:38,320
Speaker 2: Like cheaper, which was crazy. It just I just found

729
00:33:38,400 --> 00:33:40,840
Speaker 2: that crazy. Yeah, No, all right, we'll move off from

730
00:33:40,880 --> 00:33:43,800
Speaker 2: wedding chat. I want to know, do you have any debts?

731
00:33:43,840 --> 00:33:46,040
Speaker 2: Talk me through that. I know you've got a mortgage,

732
00:33:46,040 --> 00:33:50,160
Speaker 2: but is there anything else? No. So we were lucky

733
00:33:50,680 --> 00:33:54,360
Speaker 2: that when we refinance our house last year, we could

734
00:33:54,400 --> 00:33:56,680
Speaker 2: pay off my husband's remaining car Loan.

735
00:33:56,800 --> 00:33:57,280
Speaker 5: Oh cool.

736
00:33:57,440 --> 00:34:00,400
Speaker 2: Yeah, so we readrew twenty thousand. Ten tho was for

737
00:34:00,440 --> 00:34:02,880
Speaker 2: the car and ten thousand was just things around the

738
00:34:02,880 --> 00:34:05,200
Speaker 2: house and I think maybe some of it was for

739
00:34:05,240 --> 00:34:05,600
Speaker 2: the wedding.

740
00:34:05,600 --> 00:34:06,160
Speaker 5: Can't remember.

741
00:34:06,200 --> 00:34:08,160
Speaker 2: We'll sweep that under the rug. It should be right.

742
00:34:09,360 --> 00:34:11,240
Speaker 5: So we don't have any personal debts.

743
00:34:11,400 --> 00:34:13,919
Speaker 2: We do have a credit card though, that I tell

744
00:34:13,920 --> 00:34:17,920
Speaker 2: myself is for frequent fly points, which is our limits

745
00:34:18,000 --> 00:34:19,360
Speaker 2: like five thousand, seven.

746
00:34:19,120 --> 00:34:19,840
Speaker 5: Hundred or something.

747
00:34:19,880 --> 00:34:22,279
Speaker 2: And are you paying that off monthly fortnightly? Yeah, So

748
00:34:22,320 --> 00:34:24,480
Speaker 2: we're not like banking anything up. There's not like an

749
00:34:24,520 --> 00:34:27,600
Speaker 2: outstanding credit card debt sitting there. No, no, we use

750
00:34:27,600 --> 00:34:30,799
Speaker 2: it as an expenses everyday expenses. Instead of using our

751
00:34:30,840 --> 00:34:32,640
Speaker 2: savings account. We just put in the credit card and

752
00:34:32,680 --> 00:34:36,080
Speaker 2: then just transfer over. Yeah, totally. And now back to

753
00:34:36,120 --> 00:34:38,960
Speaker 2: the house. When did you purchase your home? So we

754
00:34:39,080 --> 00:34:42,799
Speaker 2: purchased twenty twenty three, mid twenty twenty three. And what

755
00:34:42,840 --> 00:34:46,160
Speaker 2: did you pay for your house? We got it for

756
00:34:46,360 --> 00:34:49,400
Speaker 2: six hundred and sixty nine thousand. And what do you

757
00:34:49,400 --> 00:34:51,320
Speaker 2: get for six hundred and sixty nine thousand? Did you

758
00:34:51,320 --> 00:34:53,160
Speaker 2: get a house? Did you get an apartment? We got

759
00:34:53,200 --> 00:34:58,600
Speaker 2: a two bedroom duplex on three eighty square meters love

760
00:34:59,000 --> 00:35:01,760
Speaker 2: and do you know what it worth today? Eight fifty

761
00:35:01,880 --> 00:35:08,680
Speaker 2: Oh okay, sorry, Yeah, covid our area just boomed like crazy.

762
00:35:09,200 --> 00:35:11,800
Speaker 5: So we're so lucky that so we're able to refinance.

763
00:35:11,880 --> 00:35:14,080
Speaker 4: And I was about to say, as someone who works

764
00:35:14,120 --> 00:35:16,160
Speaker 4: in mortgage breaking, my brain was like, cool, you probably

765
00:35:16,200 --> 00:35:18,560
Speaker 4: had some equity and you didn't mention that you were

766
00:35:18,600 --> 00:35:21,080
Speaker 4: like smashing down the mortgage or anything. I was like,

767
00:35:21,160 --> 00:35:23,320
Speaker 4: this property has definitely increased in value.

768
00:35:23,440 --> 00:35:25,320
Speaker 2: What value? That's so cool?

769
00:35:25,680 --> 00:35:27,280
Speaker 5: Yeah, it is very very cool.

770
00:35:27,520 --> 00:35:30,200
Speaker 2: It was we just didn't know it was gonna you know,

771
00:35:31,120 --> 00:35:33,279
Speaker 2: rise as much as it did, but if it allow

772
00:35:33,440 --> 00:35:37,120
Speaker 2: us to refinance, get a better interest rate and all

773
00:35:37,120 --> 00:35:40,080
Speaker 2: of that, and you know redraw which was a win. Yeah,

774
00:35:40,080 --> 00:35:42,120
Speaker 2: So talk to me now, how much debt have you

775
00:35:42,160 --> 00:35:46,359
Speaker 2: got left? So we with a redraw, we're at six

776
00:35:46,440 --> 00:35:48,239
Speaker 2: hundred and sixty Okay, how good's that?

777
00:35:48,400 --> 00:35:51,080
Speaker 4: So still like some equity sitting there, Like, it's not

778
00:35:51,120 --> 00:35:53,359
Speaker 4: like you used it all up money win.

779
00:35:53,520 --> 00:35:55,120
Speaker 2: I love that, And it's still less than what you

780
00:35:55,160 --> 00:35:59,480
Speaker 2: purchased it for. Technically, yes, that's right. We would have

781
00:35:59,520 --> 00:36:02,040
Speaker 2: loved to it down, but with a wedding this year,

782
00:36:02,320 --> 00:36:03,879
Speaker 2: that was just never gonna happen. No.

783
00:36:04,040 --> 00:36:06,120
Speaker 4: And so going back a little bit, you mentioned like

784
00:36:06,200 --> 00:36:09,600
Speaker 4: you're doing this four hundred dollars? Was it per month

785
00:36:09,840 --> 00:36:14,320
Speaker 4: into your investment? What made you choose investment there instead

786
00:36:14,320 --> 00:36:15,560
Speaker 4: of paying off your mortgage?

787
00:36:15,800 --> 00:36:20,279
Speaker 2: I guess for me, it's kind of the security, like,

788
00:36:20,800 --> 00:36:23,840
Speaker 2: let's diversify it all. I suppose I think that was

789
00:36:23,840 --> 00:36:28,280
Speaker 2: my thinking that this, I know shares have better returns

790
00:36:28,320 --> 00:36:32,520
Speaker 2: eventually in the long run, and why not, let's let's

791
00:36:32,520 --> 00:36:32,920
Speaker 2: do that.

792
00:36:33,400 --> 00:36:33,879
Speaker 5: So we did.

793
00:36:34,080 --> 00:36:34,880
Speaker 2: I love that.

794
00:36:34,880 --> 00:36:38,200
Speaker 4: That is very fun. So now onto the next part.

795
00:36:38,239 --> 00:36:40,600
Speaker 4: You clearly have worked your butts off. What do your

796
00:36:40,640 --> 00:36:42,360
Speaker 4: husband do? I really want to be pervy.

797
00:36:42,560 --> 00:36:46,439
Speaker 5: So he works in a project role.

798
00:36:46,480 --> 00:36:50,160
Speaker 2: It's an admin project role at a UNI, and he's

799
00:36:50,239 --> 00:36:53,840
Speaker 2: on ninety two thousand, oh ninety two K plus good super,

800
00:36:54,160 --> 00:36:59,720
Speaker 2: really good super. He's I think when we first started dating,

801
00:37:00,320 --> 00:37:04,919
Speaker 2: they had a mandatory not mandatory, like you can choose

802
00:37:05,000 --> 00:37:07,400
Speaker 2: to top it up, and it was like his super

803
00:37:07,480 --> 00:37:10,000
Speaker 2: is like twenty percent or something like that with the

804
00:37:10,000 --> 00:37:10,719
Speaker 2: extra top up.

805
00:37:10,760 --> 00:37:12,840
Speaker 5: It's crazy, so crazy.

806
00:37:12,960 --> 00:37:14,800
Speaker 2: I adore that. That is so fun.

807
00:37:14,880 --> 00:37:19,040
Speaker 4: Now you've obviously worked incredibly hard, you have your own business,

808
00:37:19,840 --> 00:37:22,799
Speaker 4: You are clearly setting up for life. You just paid

809
00:37:22,800 --> 00:37:25,680
Speaker 4: for your wedding. You've got a really great mortgage looking

810
00:37:25,840 --> 00:37:28,320
Speaker 4: very slick. What are you doing to protect it? Do

811
00:37:28,360 --> 00:37:29,600
Speaker 4: you have personal insurances?

812
00:37:29,840 --> 00:37:34,360
Speaker 2: We do the financial Advisor've set up the TPD life insurance,

813
00:37:34,960 --> 00:37:38,520
Speaker 2: restructured all of our soupers and everything like that, so

814
00:37:39,120 --> 00:37:44,080
Speaker 2: we pay for that in addition like every month for security.

815
00:37:44,400 --> 00:37:48,799
Speaker 2: So I know that whatever spending money we have, it's

816
00:37:48,920 --> 00:37:50,520
Speaker 2: not all of our money. Like you know, all of

817
00:37:50,560 --> 00:37:53,680
Speaker 2: our money is also being looked after, and our mortgage

818
00:37:53,719 --> 00:37:56,800
Speaker 2: and our everything else is looked after in the background,

819
00:37:56,800 --> 00:37:59,960
Speaker 2: which gives me the security knowing that I love that.

820
00:38:00,280 --> 00:38:03,840
Speaker 4: And when your finance I just really like talking about insurance.

821
00:38:03,880 --> 00:38:07,120
Speaker 4: But when your advisor put on the table, hey, here's

822
00:38:07,160 --> 00:38:11,400
Speaker 4: these insurances, like insurances aren't super cheap. Were you guys like, oh,

823
00:38:11,440 --> 00:38:14,000
Speaker 4: we don't really need those or were you like yeah, absolutely,

824
00:38:14,040 --> 00:38:16,279
Speaker 4: Like did you understand it, or like did you have

825
00:38:16,320 --> 00:38:18,200
Speaker 4: to wrap your head around what that looked like?

826
00:38:18,520 --> 00:38:22,560
Speaker 2: Well, I consumed a lot of your podcasts and I'm like, yep,

827
00:38:22,680 --> 00:38:23,719
Speaker 2: this is what we was supposed to.

828
00:38:24,040 --> 00:38:26,880
Speaker 5: So I had to convince him that this is the

829
00:38:26,920 --> 00:38:29,080
Speaker 5: way to go. It's like, why are we paying for this?

830
00:38:29,080 --> 00:38:31,319
Speaker 2: This is like ends up being like one hundred and

831
00:38:31,360 --> 00:38:33,800
Speaker 2: fifty or two hundred dollars a month extra or something

832
00:38:34,160 --> 00:38:34,640
Speaker 2: so much.

833
00:38:34,760 --> 00:38:38,319
Speaker 5: Yeah yeah, And he's like, where does this go? So

834
00:38:38,440 --> 00:38:40,800
Speaker 5: I had to convince him that it was for our future.

835
00:38:40,880 --> 00:38:41,560
Speaker 2: Yeah exactly.

836
00:38:41,640 --> 00:38:43,840
Speaker 4: And as I said, I was talking to my producer

837
00:38:43,840 --> 00:38:46,040
Speaker 4: before about this, I was like, I just want it

838
00:38:46,120 --> 00:38:47,960
Speaker 4: to be the biggest waste of money, Like I'd love

839
00:38:48,120 --> 00:38:49,880
Speaker 4: for you guys to like retire and be like we

840
00:38:49,960 --> 00:38:52,920
Speaker 4: wasted so much money on insurances that we never got

841
00:38:52,920 --> 00:38:55,640
Speaker 4: to use, and like good because it means you never.

842
00:38:55,560 --> 00:38:57,480
Speaker 2: Had any significant health events.

843
00:38:57,800 --> 00:39:01,759
Speaker 4: But then also if a significant health event happens, I

844
00:39:01,800 --> 00:39:03,600
Speaker 4: just love that you get to keep your house, like

845
00:39:03,640 --> 00:39:06,440
Speaker 4: you can still pay the mortgage, like you can support yourselves.

846
00:39:06,480 --> 00:39:08,799
Speaker 4: And I just don't think people think about what that

847
00:39:08,840 --> 00:39:12,120
Speaker 4: would actually look like because we live in Australia, Like,

848
00:39:12,680 --> 00:39:14,000
Speaker 4: what's the worst thing that could happen?

849
00:39:14,120 --> 00:39:17,319
Speaker 2: Right, Like, she'll be right well. Being in the industry

850
00:39:17,560 --> 00:39:20,560
Speaker 2: that I'm in, I've seen it all. I've seen accidents

851
00:39:20,600 --> 00:39:24,520
Speaker 2: and permanent disabilities happen, and then the ensure it gives

852
00:39:24,560 --> 00:39:28,520
Speaker 2: them a hard time because they could work another role.

853
00:39:29,200 --> 00:39:32,359
Speaker 2: But my financial advisor that was telling me that if

854
00:39:32,400 --> 00:39:35,640
Speaker 2: we move insurances, you'll get paid out if you can't

855
00:39:35,640 --> 00:39:38,120
Speaker 2: work in your profession that you work so hard for.

856
00:39:38,400 --> 00:39:41,040
Speaker 2: They won't force you to do just a random job

857
00:39:41,040 --> 00:39:43,319
Speaker 2: you don't want to do before they pay you out.

858
00:39:43,360 --> 00:39:45,440
Speaker 5: So that gave me security knowing that.

859
00:39:45,680 --> 00:39:47,920
Speaker 4: Yeah, And it's really hard because a lot of people

860
00:39:47,960 --> 00:39:51,680
Speaker 4: also rely on the insurances inside your superannuation, which can

861
00:39:51,719 --> 00:39:54,400
Speaker 4: be good and like I'm assuming that you probably still

862
00:39:54,400 --> 00:39:57,799
Speaker 4: hold some insurances inside super and then some outside. That's right, yeah,

863
00:39:57,800 --> 00:40:01,520
Speaker 4: because most advisors do that, but some of the income

864
00:40:01,520 --> 00:40:05,759
Speaker 4: protection policies inside your superannuation only last two years, so

865
00:40:05,920 --> 00:40:09,000
Speaker 4: like as you would see as an occupational therapist. Sorry,

866
00:40:09,080 --> 00:40:14,200
Speaker 4: most illnesses, especially if they're very significant, or most trauma incidents,

867
00:40:14,360 --> 00:40:15,880
Speaker 4: they last longer than two years. What do you do

868
00:40:15,920 --> 00:40:16,840
Speaker 4: after two years?

869
00:40:17,000 --> 00:40:17,080
Speaker 1: Like?

870
00:40:17,160 --> 00:40:21,360
Speaker 2: How are we paying for everything? Exactly? And for me,

871
00:40:22,160 --> 00:40:24,399
Speaker 2: I'm a planner. I've planned my whole life. I plan

872
00:40:24,719 --> 00:40:27,799
Speaker 2: next ten years, twenty years or whatever, and that is

873
00:40:28,160 --> 00:40:30,640
Speaker 2: gives me security knowing.

874
00:40:30,400 --> 00:40:32,640
Speaker 5: That that we're not at risk.

875
00:40:32,920 --> 00:40:35,680
Speaker 2: I would hate for us to lose our house or

876
00:40:36,280 --> 00:40:37,319
Speaker 2: anything like that.

877
00:40:37,520 --> 00:40:39,440
Speaker 4: You didn't work this hard for it to be all

878
00:40:39,480 --> 00:40:43,200
Speaker 4: wiped out, like you just didn't. Now you just dropped

879
00:40:43,200 --> 00:40:45,080
Speaker 4: that you've planned the next ten twenty years. What does

880
00:40:45,120 --> 00:40:47,000
Speaker 4: the next ten years look like for you guys?

881
00:40:47,160 --> 00:40:52,600
Speaker 2: Come on, well, next year, we're also planning for to

882
00:40:52,600 --> 00:40:53,400
Speaker 2: start a family.

883
00:40:53,719 --> 00:40:55,719
Speaker 5: Yay, thank you.

884
00:40:56,320 --> 00:40:58,520
Speaker 2: It's a bit of a scary thought and a lot

885
00:40:58,520 --> 00:41:00,600
Speaker 2: of planning because I have to pay for my own

886
00:41:00,640 --> 00:41:02,920
Speaker 2: matt leave. Right, It's like, oh, wow, here we go.

887
00:41:03,000 --> 00:41:04,799
Speaker 2: No one's going to pay me my'm matt leave. I

888
00:41:04,800 --> 00:41:05,680
Speaker 2: have to do it myself.

889
00:41:05,840 --> 00:41:08,319
Speaker 4: No, No, I'm in that position too. It's crazy, isn't it.

890
00:41:08,360 --> 00:41:10,560
Speaker 4: I'm like, oh, people are like, oh, you'll have maternity leave,

891
00:41:10,600 --> 00:41:11,320
Speaker 4: and I'm like will.

892
00:41:11,160 --> 00:41:13,560
Speaker 5: I Yeah, yeah, I know. I was like, hang on,

893
00:41:13,600 --> 00:41:16,080
Speaker 5: wait a minute. If I don't work, then where where

894
00:41:16,080 --> 00:41:16,919
Speaker 5: does the money come from?

895
00:41:16,960 --> 00:41:18,920
Speaker 2: And who does my team report to do? I have

896
00:41:18,960 --> 00:41:20,760
Speaker 2: to hire someone else to run my team?

897
00:41:21,040 --> 00:41:22,280
Speaker 5: That's right, So that's what I'm planning.

898
00:41:22,360 --> 00:41:25,080
Speaker 4: Yeah, but like you have to make a very big plan.

899
00:41:25,280 --> 00:41:27,319
Speaker 4: It's not like just telling someone I think I'm going

900
00:41:27,400 --> 00:41:28,879
Speaker 4: to have a baby and I'm going to take off

901
00:41:29,040 --> 00:41:30,680
Speaker 4: from you know, February next year.

902
00:41:31,040 --> 00:41:33,560
Speaker 2: Like, that's not how this gone works. I'm so sorry.

903
00:41:33,640 --> 00:41:37,600
Speaker 2: Business owners. Yes, that's right, And it's like how many

904
00:41:38,200 --> 00:41:40,640
Speaker 2: months you take off? Like my friends are taking a

905
00:41:40,680 --> 00:41:43,239
Speaker 2: year to two years. I'm like, yeah, that's just not.

906
00:41:43,239 --> 00:41:43,759
Speaker 6: Going to be me.

907
00:41:43,920 --> 00:41:44,800
Speaker 5: That just won't happen.

908
00:41:44,960 --> 00:41:48,480
Speaker 4: And it's funny because and like I obviously have been

909
00:41:48,520 --> 00:41:51,400
Speaker 4: on maternity leave before, and I hope to go on

910
00:41:51,480 --> 00:41:56,080
Speaker 4: and again very soon. But my entire business is my life.

911
00:41:56,160 --> 00:41:57,880
Speaker 4: I'm so wildly passionate about it.

912
00:41:57,920 --> 00:41:58,400
Speaker 2: I love it.

913
00:41:58,440 --> 00:42:00,160
Speaker 4: I don't actually want to leave it. It's it's not

914
00:42:00,239 --> 00:42:02,040
Speaker 4: like a nine to five Monday to Friday job where

915
00:42:02,080 --> 00:42:04,440
Speaker 4: I go I'm a Matleeve, like, please just don't email

916
00:42:04,440 --> 00:42:07,160
Speaker 4: me your stuff. I'm always checking in with my team

917
00:42:07,200 --> 00:42:09,160
Speaker 4: seeing what's going on. And it's not a flex And

918
00:42:09,200 --> 00:42:10,880
Speaker 4: I think a lot of people think that When business

919
00:42:10,880 --> 00:42:13,760
Speaker 4: owners talk about the maternity leave and how quickly quote

920
00:42:13,760 --> 00:42:16,319
Speaker 4: they went back, people were like, that's so toxic. And

921
00:42:16,360 --> 00:42:21,040
Speaker 4: I'm like, I missed it, Like I sorry newborns, and

922
00:42:21,120 --> 00:42:24,719
Speaker 4: I was in the very privileged position. My newborn was boring, Like,

923
00:42:25,000 --> 00:42:27,200
Speaker 4: I was so lucky I didn't have a colleague baby.

924
00:42:27,239 --> 00:42:29,440
Speaker 4: He didn't cry too much. Like what am I meant

925
00:42:29,480 --> 00:42:32,080
Speaker 4: to do during nap time? Girlfriend, I'm on slack on

926
00:42:32,120 --> 00:42:34,360
Speaker 4: my phone, I'm talking to my team. I'm like, what

927
00:42:34,400 --> 00:42:35,719
Speaker 4: are you guys up to? What are you working on?

928
00:42:35,760 --> 00:42:37,360
Speaker 4: Oh my god, I had this idea for a podcast,

929
00:42:37,480 --> 00:42:39,440
Speaker 4: or you know, I had this idea for this client.

930
00:42:39,520 --> 00:42:41,239
Speaker 4: Like I just wanted to be back in the nitty

931
00:42:41,280 --> 00:42:44,200
Speaker 4: gritty of it. And so I think it's it's very

932
00:42:44,239 --> 00:42:47,200
Speaker 4: different for business owners, and I feel like there can

933
00:42:47,239 --> 00:42:49,560
Speaker 4: be so much judgment because you go, well, actually, I'm

934
00:42:49,600 --> 00:42:52,520
Speaker 4: planning on working part time from them being like three months.

935
00:42:52,680 --> 00:42:57,680
Speaker 2: Definitely, I feel that. So it's definitely something that I

936
00:42:57,800 --> 00:43:01,760
Speaker 2: kind of I don't take a to it anymore. It's like, well,

937
00:43:01,880 --> 00:43:05,360
Speaker 2: you know, I'm the one who has started and chosen

938
00:43:05,440 --> 00:43:08,319
Speaker 2: to run a business before I started a family, and

939
00:43:08,360 --> 00:43:10,200
Speaker 2: this is what I really want to do and it's

940
00:43:10,239 --> 00:43:13,480
Speaker 2: my first baby, right it is, That's what it is.

941
00:43:13,560 --> 00:43:16,719
Speaker 5: And yeah, so I understand you.

942
00:43:16,760 --> 00:43:18,560
Speaker 2: Just never know how it's going to pan out either.

943
00:43:18,719 --> 00:43:21,360
Speaker 4: But yes, I feel like there's so much judgment around

944
00:43:21,520 --> 00:43:25,440
Speaker 4: the decisions that business owners make, but ultimately they're in

945
00:43:25,440 --> 00:43:28,640
Speaker 4: the best interest of us and our families. Like, sorry,

946
00:43:29,200 --> 00:43:31,839
Speaker 4: I'll be more financially secure if I do this, thank you.

947
00:43:32,080 --> 00:43:34,680
Speaker 2: That's right, more flexibility as well, where if I do

948
00:43:34,760 --> 00:43:38,000
Speaker 2: go back to work, it is on my terms when

949
00:43:38,600 --> 00:43:42,280
Speaker 2: my baby and I are when it suits us. Yeah, exactly, exactly.

950
00:43:42,360 --> 00:43:42,759
Speaker 5: All right.

951
00:43:42,920 --> 00:43:44,719
Speaker 4: Next question I have for you because I feel like

952
00:43:44,719 --> 00:43:46,759
Speaker 4: I'm running out of time and I'm so sorry, but

953
00:43:46,880 --> 00:43:48,960
Speaker 4: also I've enjoyed this chat so much.

954
00:43:49,680 --> 00:43:52,200
Speaker 2: What do you think is your best money habit? I

955
00:43:52,239 --> 00:43:57,880
Speaker 2: am a spreadsheeter again, your budgeting spreadsheet template? Love it.

956
00:43:59,160 --> 00:44:02,680
Speaker 5: Yes, that's is what I rely on to.

957
00:44:03,239 --> 00:44:06,319
Speaker 2: I guess plan financial goals for the next year and

958
00:44:06,360 --> 00:44:07,440
Speaker 2: we kind of stick to it.

959
00:44:07,520 --> 00:44:10,720
Speaker 5: So that's my responsibility.

960
00:44:10,000 --> 00:44:13,600
Speaker 2: In my household. I'm the more financial literate one, and

961
00:44:13,760 --> 00:44:17,440
Speaker 2: that's okay, but also that's a flex. Yeah, yes, I

962
00:44:17,480 --> 00:44:19,560
Speaker 2: know a lot of my friends like it's my husband.

963
00:44:19,680 --> 00:44:20,840
Speaker 5: So my part is like, no, that's me.

964
00:44:21,040 --> 00:44:27,720
Speaker 2: I'm obviously the same. And yeah, sticking to a budget,

965
00:44:27,719 --> 00:44:30,520
Speaker 2: I suppose as much as possible, and yeah, that would

966
00:44:30,520 --> 00:44:32,440
Speaker 2: be my best one. I reckon, what do you think

967
00:44:32,480 --> 00:44:36,680
Speaker 2: your worst money habit is? Fomo fomo? I didn't see

968
00:44:36,680 --> 00:44:37,040
Speaker 2: that coming.

969
00:44:37,080 --> 00:44:38,960
Speaker 4: I thought you were going to say, like nice shoes

970
00:44:39,080 --> 00:44:41,719
Speaker 4: or like nice because you have already learned you've got

971
00:44:41,800 --> 00:44:42,480
Speaker 4: nice daystes.

972
00:44:42,560 --> 00:44:45,000
Speaker 2: I've toned it down on the handbags and the shoes.

973
00:44:45,760 --> 00:44:48,879
Speaker 2: I've toned it down so it's I allow like one

974
00:44:48,960 --> 00:44:52,600
Speaker 2: item a year, which is pretty good, right honestly, Like

975
00:44:53,040 --> 00:44:57,040
Speaker 2: you're probably and it sounds flippant, but you're probably spending

976
00:44:57,120 --> 00:44:59,799
Speaker 2: less than the average bear because you're hoarding all of

977
00:44:59,800 --> 00:45:03,240
Speaker 2: that to spend in one thing on one fancy item

978
00:45:03,640 --> 00:45:05,640
Speaker 2: then like going on the iconic every week and like

979
00:45:05,640 --> 00:45:07,520
Speaker 2: getting a new dress for this that or the other.

980
00:45:07,680 --> 00:45:10,960
Speaker 4: Like, I find that people are often surprised when I

981
00:45:11,000 --> 00:45:14,320
Speaker 4: tell them how much I spend on like quote luxury items,

982
00:45:14,320 --> 00:45:15,920
Speaker 4: all the clothes and shoes and stuff because they're like,

983
00:45:15,920 --> 00:45:17,319
Speaker 4: I thought that would be way more and I'm like,

984
00:45:17,600 --> 00:45:20,839
Speaker 4: well no, because I'm not just buying a new dress

985
00:45:20,880 --> 00:45:22,560
Speaker 4: every week, or like I've got an event so I

986
00:45:22,600 --> 00:45:25,560
Speaker 4: need a new outfit. I'm just waiting and hoarding my

987
00:45:25,680 --> 00:45:29,279
Speaker 4: money and then buying something really fancy that ultimately is

988
00:45:29,360 --> 00:45:32,200
Speaker 4: cheaper than the annual spend that most people have.

989
00:45:32,560 --> 00:45:35,920
Speaker 2: Exactly, that's my way of thinking as well, I would say.

990
00:45:36,360 --> 00:45:39,600
Speaker 5: But going back to Foam, half of my friends have kids,

991
00:45:39,680 --> 00:45:40,160
Speaker 5: and then.

992
00:45:40,360 --> 00:45:44,600
Speaker 2: The other half of us who don't, and we are

993
00:45:44,640 --> 00:45:46,439
Speaker 2: the ones that I guess that go out a lot

994
00:45:46,600 --> 00:45:50,920
Speaker 2: and go on trips a lot, and I still budget

995
00:45:51,120 --> 00:45:53,520
Speaker 2: going on international holidays every year.

996
00:45:54,040 --> 00:45:56,280
Speaker 5: My husband has asked me to tone it down after.

997
00:45:56,080 --> 00:45:59,239
Speaker 2: We have a family, but it's what keeps me going

998
00:45:59,280 --> 00:46:02,040
Speaker 2: and what motivates me to continue working.

999
00:46:02,400 --> 00:46:04,719
Speaker 4: You know what, you'll have to see what life looks

1000
00:46:04,760 --> 00:46:07,040
Speaker 4: like after you have a family, so we can't promise anything.

1001
00:46:07,040 --> 00:46:10,080
Speaker 2: I'm sorry, sir, exactly, we don't know what that looks

1002
00:46:10,160 --> 00:46:12,360
Speaker 2: like for us. No, I love it.

1003
00:46:12,400 --> 00:46:14,840
Speaker 4: I love it money diarist, I feel like that's not

1004
00:46:14,880 --> 00:46:17,640
Speaker 4: the worst habit, but I totally get it now that

1005
00:46:17,680 --> 00:46:20,200
Speaker 4: we've talked at the start. You said, Look, when I

1006
00:46:20,239 --> 00:46:21,920
Speaker 4: moved back from London, I was a D and like,

1007
00:46:22,000 --> 00:46:24,960
Speaker 4: I've got myself up through financial literacy and education and

1008
00:46:25,000 --> 00:46:28,040
Speaker 4: obviously setting up your own business and like getting married

1009
00:46:28,040 --> 00:46:29,840
Speaker 4: and now being able to invest and do all of

1010
00:46:29,880 --> 00:46:30,360
Speaker 4: these things.

1011
00:46:30,360 --> 00:46:33,560
Speaker 2: You said, B plus, what would it take to get

1012
00:46:33,600 --> 00:46:35,719
Speaker 2: to an A or an A plus? Because I'm just

1013
00:46:35,719 --> 00:46:37,960
Speaker 2: feeling like you guys are on the right plath like, sorry,

1014
00:46:37,960 --> 00:46:42,200
Speaker 2: you have a financial advisor, Like your business is incredible

1015
00:46:42,239 --> 00:46:44,799
Speaker 2: for how young it is, like everything seems like it's

1016
00:46:44,840 --> 00:46:48,120
Speaker 2: in the right places. Why B plus? Why not A?

1017
00:46:48,440 --> 00:46:51,880
Speaker 2: I guess we could always tone down us spending. I

1018
00:46:51,920 --> 00:46:56,920
Speaker 2: suppose like I enjoy coffees and eating out maybe a

1019
00:46:56,920 --> 00:47:00,239
Speaker 2: little too much. And if I could get my super

1020
00:47:00,280 --> 00:47:02,439
Speaker 2: to where I want it to be, maybe put some

1021
00:47:02,680 --> 00:47:06,920
Speaker 2: more money into our investments, that would make me feel better.

1022
00:47:07,280 --> 00:47:09,200
Speaker 2: Maybe that's what it would take to feel like I'm

1023
00:47:09,200 --> 00:47:10,040
Speaker 2: in A. I love that.

1024
00:47:10,120 --> 00:47:11,520
Speaker 4: I'm not going to argue with you because I feel

1025
00:47:11,520 --> 00:47:14,200
Speaker 4: like you've got your stuff together very well, and I'm like, well,

1026
00:47:14,239 --> 00:47:15,960
Speaker 4: I don't want to tell her she's something that she

1027
00:47:16,000 --> 00:47:17,319
Speaker 4: doesn't feel like she is.

1028
00:47:17,320 --> 00:47:19,440
Speaker 2: Yet, but I feel like you're doing a really flipping

1029
00:47:19,480 --> 00:47:20,000
Speaker 2: good job.

1030
00:47:20,080 --> 00:47:21,360
Speaker 4: So if you'd said I think I'm an a I

1031
00:47:21,400 --> 00:47:23,120
Speaker 4: would have been like, yeah, Like, I think that too.

1032
00:47:24,000 --> 00:47:25,759
Speaker 2: Money Diarist. I love this.

1033
00:47:26,080 --> 00:47:27,920
Speaker 4: Thank you so much for having a chat with me.

1034
00:47:28,040 --> 00:47:31,040
Speaker 4: I just know that our community is going to love

1035
00:47:31,160 --> 00:47:33,560
Speaker 4: this literally as much as I have. You're the first

1036
00:47:33,560 --> 00:47:36,200
Speaker 4: money Diarist of twenty twenty six, and that's.

1037
00:47:36,040 --> 00:47:39,359
Speaker 2: Just ah, what a good episode. Like I came back

1038
00:47:39,360 --> 00:47:41,040
Speaker 2: from London with one thousand dollars and look at all

1039
00:47:41,040 --> 00:47:43,640
Speaker 2: this stuff we've done ourselves and we didn't have any help,

1040
00:47:43,680 --> 00:47:46,120
Speaker 2: and it was just financial literacy, and you've dropped so

1041
00:47:46,239 --> 00:47:49,120
Speaker 2: many good little tips and tricks along the way. Thank

1042
00:47:49,120 --> 00:47:50,800
Speaker 2: you for that, by the way, because you've just promoted

1043
00:47:50,840 --> 00:47:54,040
Speaker 2: my website massively, You're like, oh, I've been using your

1044
00:47:54,040 --> 00:47:57,120
Speaker 2: free budget, I've been using your free wedding like budgets sheet,

1045
00:47:57,200 --> 00:47:59,440
Speaker 2: I've been doing this. I've been Thank you for that.

1046
00:48:00,239 --> 00:48:03,239
Speaker 2: Appreciate it. So thank you so much for joining us

1047
00:48:03,239 --> 00:48:03,720
Speaker 2: on the show.

1048
00:48:03,760 --> 00:48:05,920
Speaker 4: I genuinely really appreciate it, and just know that this

1049
00:48:06,040 --> 00:48:08,400
Speaker 4: is like the money Dary that kicks off this year.

1050
00:48:08,320 --> 00:48:09,400
Speaker 2: To a really good start.

1051
00:48:09,520 --> 00:48:10,759
Speaker 5: Thank you. Thanks for having me.

1052
00:48:10,800 --> 00:48:13,239
Speaker 4: It's been fun and also a very huge thank you

1053
00:48:13,280 --> 00:48:14,640
Speaker 4: to skuy Wealth for making.

1054
00:48:14,400 --> 00:48:17,120
Speaker 2: This episode possible. I've chuck a whole heap of information

1055
00:48:17,200 --> 00:48:19,359
Speaker 2: about them, how to get in contact, what they do,

1056
00:48:19,440 --> 00:48:21,000
Speaker 2: how they do it in the show notes for you

1057
00:48:21,080 --> 00:48:21,680
Speaker 2: to check out.

1058
00:48:26,600 --> 00:48:29,120
Speaker 6: The advice shared on She's on the Money is general

1059
00:48:29,200 --> 00:48:31,280
Speaker 6: in nature and does not consider.

1060
00:48:30,880 --> 00:48:32,480
Speaker 2: Your individual circumstances.

1061
00:48:32,800 --> 00:48:36,200
Speaker 6: She's on the Money exists purely for educational purposes and

1062
00:48:36,239 --> 00:48:38,680
Speaker 6: should not be relied upon to make an investment or

1063
00:48:38,760 --> 00:48:42,360
Speaker 6: financial decision. If you do choose to buy a financial product,

1064
00:48:42,440 --> 00:48:45,960
Speaker 6: read the PDS TMD and obtain appropriate financial.

1065
00:48:45,560 --> 00:48:47,360
Speaker 2: Advice tailored towards your needs.

1066
00:48:47,719 --> 00:48:51,640
Speaker 6: Victoria Devine and She's on the Money are authorized representatives

1067
00:48:51,680 --> 00:48:55,560
Speaker 6: of Money showper pty Ltd ABN three two one IS

1068
00:48:55,600 --> 00:48:59,440
Speaker 6: six four nine two seven seven zero eight AFSL four

1069
00:48:59,560 --> 00:49:01,040
Speaker 6: five one to eight nine

1070
00:49:10,880 --> 00:49:10,920
Speaker 5: H