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

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

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

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

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

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

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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

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Speaker 4: for millennials who want financial freedom. Welcome back to another

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Speaker 4: shop back Money Diary Monday. We get to chat to

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Speaker 4: a community member and learn about them, their money and

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Speaker 4: all of the interesting bits in between. This week, Victoria,

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Speaker 4: I have a very fun diarist for you. Are you

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Speaker 4: ready to hear it?

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Speaker 5: I am. I'm surprised you didn't say I've got a

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Speaker 5: good one for you.

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Speaker 1: Had it.

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Speaker 4: Away from that, I'm trying to branch out, so our

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Speaker 4: diarist says over the past twelve months, I seem to

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Speaker 4: have subconsciously hit autopilot on my life, my goals, and

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Speaker 4: my finances, and now I'm uning for positive change. I

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Speaker 4: am a happy, healthy young woman, and while nothing is

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Speaker 4: inherently wrong with the way I am currently doing life,

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Speaker 4: there are definitely opportunities I am missing, risks I'm not taking,

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Speaker 4: and all round complacency is settling in. I am truly

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Speaker 4: eager to dive into my psyche with your wonderful support

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Speaker 4: and advice, find my way out of this funk and

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Speaker 4: explore way to next. For this near twenty seven year

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Speaker 4: old who seems to be stuck live in Lovita, limbound.

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Speaker 5: Sounds very fun, Money Diarist, Welcome to the show.

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Speaker 2: Thank you both for having me.

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Speaker 4: I'm so excited to talk to you because I feel

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Speaker 4: like this is something that a lot of people can

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Speaker 4: relate to, and I like it's something that I've experienced.

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Speaker 4: It's almost like that quarter life crisis moment that you

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Speaker 4: have where you go, oh, like, am I doing the

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Speaker 4: right thing?

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Speaker 5: So I feel like I went through this maybe when

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Speaker 5: I was like twenty five, twenty six, and I was

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Speaker 5: just like not sure what I was doing with my life.

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Speaker 5: I was like where am I going, what am I doing?

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Speaker 5: So I feel like this could be a super relatable

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Speaker 5: one because I want to know exactly where you're at,

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Speaker 5: where you're going, and maybe what we're thinking about goals

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Speaker 5: and how we could get back on track. So let's

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Speaker 5: start as we always do, money direst. Can you tell

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Speaker 5: us a little bit about your money story?

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Speaker 2: Yes, absolutely so. I grew up in a small ish

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Speaker 2: town in Victoria and we I guess we're low to

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Speaker 2: middle income household with both of my parents and my brother.

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Speaker 2: My parents did have a credit card, and they instilled

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Speaker 2: in me from the get go that just be because

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Speaker 2: we have this, we don't want this path for you,

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Speaker 2: and that I could make better choices for myself if

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Speaker 2: I employed you know, strict practices for my own finances.

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Speaker 2: And they really encouraged me to not go down that

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Speaker 2: path that they were. So my parents worked also quite

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Speaker 2: tirelessly to provide opportunities for me and my brother just

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Speaker 2: for you know, travel and just participating in recreation and community.

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Speaker 2: So that was really rewarding experience as a child and

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Speaker 2: an adolescent growing up. But you would often see, you know,

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Speaker 2: that they would make sacrifices to provide that lifestyle for us.

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Speaker 2: So I guess that was a humbling experience and it's

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Speaker 2: part of the reason why I am who I am today.

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Speaker 2: And I've had instilled in me from the ripe age

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Speaker 2: of you know, fresh out the womb, that hard work

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Speaker 2: pays off, but never at the expense of, you know,

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Speaker 2: your well being and your mental health. So always know

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Speaker 2: that there will be money and it's not worth working

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Speaker 2: for someone or a bit business that makes you miserable, really,

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Speaker 2: so a bit of both in terms of that hard work,

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Speaker 2: but also protecting yourself is really important, and that was

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Speaker 2: from my parents. And I got my first job just

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Speaker 2: before sixteen, in pharmacy, and that was a great little

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Speaker 2: start to my career that traveled with me throughout my

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Speaker 2: university experience and I've been saving ever since and that's

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Speaker 2: been my ultimate goal. Save, Save, Save.

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Speaker 5: I love that your parents sound like really humble and

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Speaker 5: kind people. They're like, they cool, this is what we've got, yeah,

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Speaker 5: they just say. And I love the tone of voice

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Speaker 5: you're using when talking about them. I feel like the

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Speaker 5: tone of voice when someone talks about their parents tells

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Speaker 5: you a lot about the relationship you have with them.

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Speaker 5: Next question, my friend, what do you currently do for

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Speaker 5: work and tell us how much money do you earn?

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Speaker 2: So I am a coordinator for a youth services organization,

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Speaker 2: and before tax, it comes to about ninety five thousand

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Speaker 2: per annum.

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Speaker 5: Very cool, and what hits your bank account each and

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Speaker 5: every single month.

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Speaker 2: I have the privilege of being able to salary package,

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Speaker 2: so I guess that combined with my regular income, it's

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Speaker 2: about twenty seven hundred and fifty per fortnite.

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Speaker 5: Oh, very nice. Tell us a little bit. I know

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Speaker 5: we're going off track, Jess, Please don't come for me.

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Speaker 5: Tell me a little bit about salary packaging. How do

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Speaker 5: you use that to benefit your income?

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Speaker 2: So I've submitted my lease so it contributes to my rent,

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Speaker 2: and I guess it's just the government recognizing the hard

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Speaker 2: work of community service organizations and giving them a little

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Speaker 2: bit of a boost in terms of yeah, taking that

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Speaker 2: money out tax free and then popping it back in

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Speaker 2: my account. So I claim the maximum on general living

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Speaker 2: expenses each fortnight, which is I think about six hundred

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Speaker 2: and eleven dollars and a couple of cents.

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Speaker 5: I met someone the other day, my friend. I was

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Speaker 5: about to say your name, but I'm not going to

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Speaker 5: slip up this early on in the episode. But I

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Speaker 5: met someone the other day and they're like, oh, I

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Speaker 5: could salary sacrifice because I work in a similar space

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Speaker 5: to you. And I was like, what do you mean

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Speaker 5: you could? They're like, I just can't be bothered setting

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Speaker 5: it up. I'm like, sir, it is tax free money,

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Speaker 5: like you are going to get that bank and I

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Speaker 5: basically forced them to do that. So I think that

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Speaker 5: that is a very good thing. I'm glad that that's

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Speaker 5: all set up for you. You said before that you're a

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Speaker 5: really good saver. But we want to know what is

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Speaker 5: your big money goal.

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Speaker 2: It has fluctuated quite a bit in the past six months.

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Speaker 2: I would say it used to be the Australian dream

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Speaker 2: buying home, but now I'm kind of in that space

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Speaker 2: where I don't really know. I guess for now, I'd

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Speaker 2: love to explore more about investing and increasing my investing portfolio,

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Speaker 2: So for now that's kind of a bit of my goal.

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Speaker 2: But also I guess retiring by sixty would be ideal,

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Speaker 2: So I guess working towards that very exciting.

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Speaker 5: All Right, you mentioned investments, The next question is do

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Speaker 5: you currently have any investments. It's so what are they?

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Speaker 2: I do nothing Super Crazy because I'm still in the

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Speaker 2: position of doing my research and building on that and

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Speaker 2: it scares me a little bit so working towards it.

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Speaker 2: But I have some minor investments in spaceships, so I've

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Speaker 2: just started on a micro investing platform, and I also

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Speaker 2: do voluntary contributions to my super each fortnite.

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Speaker 5: Oh exciting. How did you decide how much you wanted

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Speaker 5: to contribute towards Super?

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Speaker 2: Oh, very good question. I think I just picked a

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Speaker 2: number that I was comfortable with parting with regularly each fortnite,

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Speaker 2: knowing that I wouldn't see it because I have it

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Speaker 2: direct debited on payday. So at the moment, it's only

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Speaker 2: forty dollars a week, so eighty dollars for that fortnight,

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Speaker 2: and it's not a noticeable number. It doesn't really impact

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Speaker 2: my general living expenses elsewise. So That's where I'm at

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Speaker 2: for now. But if anything changes for me, I'll definitely

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Speaker 2: look at increasing it.

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Speaker 5: That's going to end up impacting future you though, pretty significantly,

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Speaker 5: because even though you feel like, oh my gosh, I

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Speaker 5: can part with this, that doesn't really matter. It makes

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Speaker 5: sense to me. It's actually going to impact you by

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Speaker 5: probably a couple of one hundred thousand dollars down the

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Speaker 5: track when you decide to retire at sixty. So you're

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Speaker 5: definitely putting yourself in an optimal position by you know,

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Speaker 5: investing for your future. And once you get a little

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Speaker 5: bit more comfortable with what asset class or what type

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Speaker 5: of portfolio you want, I'm sure that'll be tobocharged even more.

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Speaker 5: Flip side though investments. The opposite of that is debt.

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Speaker 5: Do you have any debt? If so, what is it?

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Speaker 2: So I'm just sitting on my hextet at the moment

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Speaker 2: from my studies, which from memory is I think I

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Speaker 2: have about seventeen thousand left.

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Speaker 5: Oh that's not too bad. And do you feel like

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Speaker 5: with your salary it makes a pretty good dint in

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Speaker 5: it each financial year? Or how does it make you feel?

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Speaker 2: I mean I feel okay because I don't really pay

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Speaker 2: it much mind, Which is I guess a good good

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Speaker 2: form of debt to have where it's not overwhelming you.

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Speaker 2: But with salary packaging, it can impact on how much

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Speaker 2: gets contributed to that. So sometimes at the end of

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Speaker 2: the financial year and at tax time, I'll need to

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Speaker 2: balance that out and actually contribute money.

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Speaker 5: Yeah, okay, So how do you manage for that? Are

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Speaker 5: you putting some cash aside? Obviously you're a good saver,

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Speaker 5: but are you specifically putting cash aside for that? Or

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Speaker 5: you just know I'll have enough cash at the end

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Speaker 5: of the financial year to make sure that I'm not

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Speaker 5: even a.

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Speaker 2: Pick call pretty much making sure, yeah, that I have enough.

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Speaker 2: I know that there's always going to be money there.

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Speaker 2: I have an emergency fund as well that I could

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Speaker 2: always draw on if the amount that I would owe

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Speaker 2: is higher than when I was anticipating. But generally it's

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Speaker 2: not too much. It's never more than about maybe five

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Speaker 2: hundred dollars.

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Speaker 5: Oh, that's not too bad. Some people end up getting

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Speaker 5: absolutely stung and it's a couple of thousand dollars and

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Speaker 5: then you end up on a payment plan with the

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Speaker 5: ATO and it ends up being very stressful. So I'm

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Speaker 5: glad it's not too bad for you. Next question, do

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Speaker 5: you use shop back?

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Speaker 2: I do. I don't do a whole lot of shopping,

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Speaker 2: but whenever I'm ready to, I definitely go and shop back,

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Speaker 2: and I also just use it day to day. So

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Speaker 2: I needed to do a little chemi swear house top

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Speaker 2: up the other day. So I just went on to

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Speaker 2: shot back and saw that they had a good little

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Speaker 2: percentage cash back and thought why not? So I use

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Speaker 2: it for things like that where I can too.

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Speaker 5: I actually used it a chemist Warehouse the other day.

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Speaker 5: I was buying perfume for someone's birthday. I'm not going

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Speaker 5: to say who it was, but Chemist Warehouse was like

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Speaker 5: the cheapest, and then I got it even cheaper he

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Speaker 5: shot back, and I felt like a queen. I was like,

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Speaker 5: I'm a budget queen. We're not going to talk about

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Speaker 5: the parking fine I got the other day, but I'm

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Speaker 5: a budget queen. And do you know what someone said

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Speaker 5: to me the other day? Yes, in my DMS, because

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Speaker 5: obviously I'm a bit of a shop backstand, right, we

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Speaker 5: love it. Someone was like, oh V Like I just

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Speaker 5: don't get it. It just feels like another thing to

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Speaker 5: add to the least. And I was like, sir, it's

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Speaker 5: free money. Yeah, Like I don't understand, Like what what

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Speaker 5: do you mean? It's like it's free stuff, Like I

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Speaker 5: will do a lot through discount. All you have to

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Speaker 5: do is put it on your corome extension. Yeah, like

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Speaker 5: it's free. So anyway, I was very baffled by that,

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Speaker 5: and literally that was my response. Next question, my friend,

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Speaker 5: what's your best money habit? I feel like she might

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Speaker 5: have a sneak you, Jess, my best.

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Speaker 2: Is probably I'm just going to say my mindset. I'm

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Speaker 2: very disciplined when it comes to every fortnight when my

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Speaker 2: pay comes in, I know exactly how much I'm transferring

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Speaker 2: across to my savings account, how much I'm transferring into

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Speaker 2: my general living expenses account, and how much I might

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Speaker 2: want to play with that particular month. So I think

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Speaker 2: I'm very disciplined in that sense. But also that can

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Speaker 2: also be to my detriment and not as fun. But

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Speaker 2: that would be probably my best.

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Speaker 5: And to flip that, what is your worst?

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Speaker 2: I wouldn't say that I'm a lazy human, but I'm

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Speaker 2: a very hard working human. And at the end of

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Speaker 2: the day, I can be quite tired and go for

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Speaker 2: takeaway for dinner instead of committing myself to a forty

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Speaker 2: five minute recipe at home with the food that I

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Speaker 2: have in the fridge.

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Speaker 5: You are me, I always say. And it's funny. I

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Speaker 5: feel like I'm a different person at work than I

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Speaker 5: am at home, So at work I'll be like this

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Speaker 5: super motivated person. I'll get all my stuff done. I'll

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Speaker 5: be like, yep, this, this, and this, get home and

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Speaker 5: I'm like, do we have to cook? Like I would

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Speaker 5: like to dish on this couch like a slug and

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Speaker 5: Uber eats is sometimes a little bit too tempting for me.

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Speaker 5: In fact, I was talking the other day with a friend,

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Speaker 5: a friend who is on the radio with me, Jess,

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Speaker 5: who has spent seventeen thousand dollars in the last twelve

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Speaker 5: months on Uber eats. What wild right?

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Speaker 2: Is so too much money?

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Speaker 5: Mitch jury coming for you? But but I'm not there.

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Speaker 5: But I'm also a little bit scared to calculate mine,

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Speaker 5: you know, I.

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Speaker 2: Wouldn't want to do it.

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Speaker 5: Yeah, I calculate without how much it was per week,

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Speaker 5: and I was like, so that's more than my grocery bill.

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Speaker 5: Like I'm just a cheeky pizza and salad kind of goal.

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Speaker 5: All right, next question before we go to a very

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Speaker 5: quick break, is my friend, what gray would you give

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Speaker 5: your money habits if we forced you to give yourself

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Speaker 5: a grade.

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Speaker 2: I would probably give myself either a B plus or

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Speaker 2: an A minus somewhere around that ballpark, because I do

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Speaker 2: still have a lot to learn. I need to really

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Speaker 2: become focused on a new goal and set a new

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Speaker 2: target for myself. So yeah, I'm thinking around B plus

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Speaker 2: A minus.

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Speaker 5: I feel like that's very fair given you've said I

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Speaker 5: want to grow and I want to change in there's

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Speaker 5: some things I need to get in order. But like

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Speaker 5: a minus, I reckon it's a very nice place to be,

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Speaker 5: given how good you are at saving my friend. Let's

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Speaker 5: go to a quick break, and then after our break

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Speaker 5: I want to talk about your living LaVita limbo comment.

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Speaker 5: Let's go all right, Jess, we are back. I've never

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Speaker 5: heard someone say living LaVita limbo before, but I feel

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Speaker 5: like it summarizes the experiences of a lot of our community,

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Speaker 5: especially after the last few years that we've had where

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Speaker 5: we were like not sure what's going on or how

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Speaker 5: it works, and now we're getting back into the swing

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Speaker 5: of things, we're all like, what are my goals? Who

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Speaker 5: am I? What do I like? Where do I want

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Speaker 5: to be in a few years? Do I even want

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Speaker 5: to own property? Who am I? Is marriage an option?

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Speaker 5: Like I feel like, is so relatable? Money Diarist, when

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Speaker 5: did you come to the conclusion that you were in

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Speaker 5: this limbo state? And how are you feeling about it.

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Speaker 2: I probably came to the realization that I was in

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Speaker 2: this feeling of starkness probably in the last month. But

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Speaker 2: then upon reflection, I realized I've probably been here for

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Speaker 2: at least six to twelve months.

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Speaker 5: I feel like it's always us who finds out last,

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Speaker 5: so it's like, oh, everybody else was probably a little

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Speaker 5: bit like, oh, Jess is a little bit lost right now,

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Speaker 5: but didn't notice yet. So talk to me about why

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Speaker 5: that might be the case. Obviously, you're a really good saver,

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Speaker 5: and externally, I would say, it looks like you have

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Speaker 5: all your stuff together. I just listened to your very

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Speaker 5: structured money diary, and you're a good saver. It sounds

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Speaker 5: like you've got some good goals. You're looking towards investing

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Speaker 5: in the future, You're making the most of the way

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Speaker 5: you get paid. Like, talk to me about why you

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Speaker 5: still feel like you're in limbo. For sure.

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Speaker 2: I think I'm very as a person hesitant to take risks,

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Speaker 2: whether there's an element of you know, I could have

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Speaker 2: a return of unimaginable finances or anything like that. If

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Speaker 2: I foresee any element of loss, I hold my cards

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Speaker 2: quite close to my chest. I don't dive in. I

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Speaker 2: don't try new things. I'm very vanilla in that sense.

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Speaker 2: But also, you know, vanilla can be a good, safe flavor,

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Speaker 2: so I just live in.

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Speaker 5: My safe bubble. Some people that's their favorite, so I

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Speaker 5: don't think it's a bad thing at all. In fact,

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Speaker 5: I always chuse vanilla ice cream over any other flavor

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Speaker 5: because it goes.

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Speaker 2: With so much and you're never disappointed.

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Speaker 5: Exactly exactly, but sometimes we get sick of vanilla and

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Speaker 5: we want to try something different. Talk to me about

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Speaker 5: why I'm getting the vibe that you're a bit risk averse.

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Speaker 5: Is it your money diary? Is how you grew up

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Speaker 5: around money? Is it any experience that you've had relatively recently,

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Speaker 5: like what's going on?

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Speaker 2: That is an excellent question. So I guess my parents

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Speaker 2: did have one negative experience with investing when I was

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Speaker 2: a lot younger. Actually so well, probably about twenty years ago,

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Speaker 2: where their investment in particular didn't pay off and they

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Speaker 2: experienced quite a bit of loss in that regard. I

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Speaker 2: don't think that's necessarily dramatically shaped. You know, my thought

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Speaker 2: process is today, but I think just knowing how long

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Speaker 2: it's taken me to build up my savings and the

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Speaker 2: work that I've committed to that and the journey. I

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Speaker 2: am very hesitant to part with that. So I think

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Speaker 2: it's just reflecting on how long it's taken me to

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Speaker 2: get here and what I've done to get here, and yeah,

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Speaker 2: being a bit worried in that sense, what happens if

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Speaker 2: I lose it.

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Speaker 5: I feel like that's a really common experience, and we've

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Speaker 5: spoken about it on the podcast before. You know, Jess,

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Speaker 5: you've mentioned something similar before, and also Georgia talks about

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Speaker 5: it quite openly that Georgia is like a killer saber.

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Speaker 5: She's a small wizard. I am sure you and Georgia

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Speaker 5: would get along like a house on fire. She is

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Speaker 5: so good at money, but she's also still, even having

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Speaker 5: been in this she's on the money sphere for so long,

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Speaker 5: she's very risk averse and is a bit worried about

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Speaker 5: investment markets, even though she has access to the advice. Right,

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Speaker 5: So it doesn't even mean that if you get the

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Speaker 5: advice you'll immediately go and invest. It's all about mindset.

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Speaker 5: But you said before you have a really good money mindset,

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Speaker 5: So talk to me about what's stopping you taking that

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Speaker 5: next step into creating wealth so you can retire at sixty.

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Speaker 2: I think it's just letting myself become comfortable with you know,

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Speaker 2: fluctuating markets. It's going to go down sometimes, it's going

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Speaker 2: to go up sometimes. And at the end of the day,

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Speaker 2: if I'm not doing this, if I'm not investing in

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Speaker 2: the market, my money is just sitting there doing nothing

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Speaker 2: and it's not, you know, growing its wealth. So I

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Speaker 2: think it's just building my own you know, assurance in

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Speaker 2: the system and just the market, and just accepting that

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Speaker 2: it is what it is, and I need to start

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Speaker 2: making positive change and getting my money to work for

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Speaker 2: me rather than just sitting stagnant. It's a mind.

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Speaker 5: Shift, exactly. But it sounds like you're on the right

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Speaker 5: pathway now. I know this money diaries about you, not

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Speaker 5: about your parents, but I want to be a little

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Speaker 5: bit pervy and ask do you know what they invested in?

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Speaker 5: Because I always like to ask this question because often

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Speaker 5: when we talk to parents or grandparents who have experienced

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Speaker 5: significant loss, often it's an asset class that we would go, oh, well,

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Speaker 5: that kind of makes sense in hindsight that that didn't perform,

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Speaker 5: or it wasn't an index fund, or it wasn't an

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Speaker 5: ETF that they put their money in and it was

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Speaker 5: growing over the long term. So do you have any

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Speaker 5: insight into that?

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Speaker 2: Yes, so it was this is going to be polar opposites.

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Speaker 5: It was either coal or gold, so very different resources.

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Speaker 2: Sorry, it's totally escaped me now. But they got to

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Speaker 2: tip off from a friend of theirs and this was

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Speaker 2: going to be the next big mining opportunity, and turns

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Speaker 2: out it wasn't.

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Speaker 5: It wasn't. Oh that is the worst, especially because in

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Speaker 5: that situation, I'm sure they trusted the person who gave

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Speaker 5: them the advice they did. Oh that makes me feel icky.

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Speaker 5: But it's also a very good reflection. You know that

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Speaker 5: book that I adore Jess The Richest Man in Babylon.

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Speaker 5: There is some very good advice in there. And you

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Speaker 5: guys have probably already listened to our book episode, so

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Speaker 5: you've heard this before, but I want to drum it

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Speaker 5: into you. One of the quotes in The Richest Man

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Speaker 5: from Babylon is you would never take advice from a

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Speaker 5: bricklayer on buying diamonds. And that doesn't mean that they're

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Speaker 5: not a good bricklayer and don't know their trade. But

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Speaker 5: I think it's so important to always question where advice

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Speaker 5: comes from and say like, oh, great, Like I've got

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Speaker 5: a tip off from a friend Jess told me. Would

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Speaker 5: just know like she's a content creator in this and that.

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Speaker 5: But then oh, she works in finance, maybe she knows

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Speaker 5: a little bit more. But I think it's so important

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Speaker 5: to really contextualize where your advice is coming from because

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Speaker 5: so many of us us get it from friends, or

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Speaker 5: so many of us get it from the media. What

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Speaker 5: does Channel nine or ten or Channel seven know about

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Speaker 5: investing properly? Yeah, I feel like it's such an interesting

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Speaker 5: space to ask about because every time I ask about

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Speaker 5: a big loss, it was never in something really stable,

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Speaker 5: which is a good and a bad thing. I mean,

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Speaker 5: it's good for us to learn, it's terrible for them,

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Speaker 5: and it gives me a bit of ick. I'm like,

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Speaker 5: oh my gosh, I wish I could help.

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Speaker 2: Yeah, I wish I could have helped. Not that I

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Speaker 2: would have known anything back then, but yeah, it's one

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Speaker 2: of those things that, especially with where they were at

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Speaker 2: financially in their journey, it was just a bit of

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Speaker 2: a rough patch. But it's okay, it happens. We learn

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Speaker 2: they haven't done it since.

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Speaker 5: So talk to me about the Great Australian dream you

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Speaker 5: mentioned before that you're just not sure about it anymore.

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Speaker 5: Where did your shift in mindset around that come from.

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Speaker 5: And is that something they're growing up you just assumed

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Speaker 5: would happen or you really wanted to happen or what

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Speaker 5: are your thoughts on property ownership?

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Speaker 2: Definitely, growing up, it was something you know, ever, I mean,

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Speaker 2: I grew up in a small rural town in Victoria,

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Speaker 2: so you know, owning your own home was more common

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Speaker 2: than renting because it was quite affordable where we were living.

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Speaker 2: And it was just you know, you save and then

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Speaker 2: you get your deposit, you buy your house, you get married,

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Speaker 2: you start your family. Like it was all that flow

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Speaker 2: on effect and it all stemmed from this big, beautiful

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Speaker 2: home that you owned. It's all a life, but it's well,

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Speaker 2: I just probably until about twelve months ago, I was

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Speaker 2: still in that mindset, but it shifted a little bit

435
00:21:31,760 --> 00:21:35,200
Speaker 2: now that I'm living in the Melbourne region to Okay,

436
00:21:35,200 --> 00:21:37,960
Speaker 2: maybe I won't buy a house for myself. Maybe I'll

437
00:21:37,960 --> 00:21:41,639
Speaker 2: buy an investment property or you know, out of area

438
00:21:41,800 --> 00:21:43,760
Speaker 2: so that I can save a bit of money on that,

439
00:21:44,280 --> 00:21:47,000
Speaker 2: so that I'm not dropping a million dollars, for example,

440
00:21:47,400 --> 00:21:52,040
Speaker 2: and then that shifted again after a really I guess

441
00:21:52,040 --> 00:21:55,639
Speaker 2: important conversation that my partner and I had about where

442
00:21:55,680 --> 00:21:59,280
Speaker 2: our values were sitting right now, Not you know, what

443
00:21:59,400 --> 00:22:02,280
Speaker 2: did we want when we were eighteen, it's what do

444
00:22:02,320 --> 00:22:05,639
Speaker 2: we want for ourselves right now? And we decided that

445
00:22:05,840 --> 00:22:08,560
Speaker 2: we don't want a house right now, and we don't

446
00:22:08,560 --> 00:22:12,560
Speaker 2: really have a need for an investment property and possibly

447
00:22:12,640 --> 00:22:15,639
Speaker 2: the extra work or stresses that that might put on

448
00:22:15,680 --> 00:22:18,960
Speaker 2: our lives right now. But we agreed that maybe in

449
00:22:19,000 --> 00:22:21,520
Speaker 2: the future that's something that we can re explore together

450
00:22:22,000 --> 00:22:25,439
Speaker 2: or separately. But yeah, we don't really know where we

451
00:22:25,480 --> 00:22:27,879
Speaker 2: want to put down our roots. We would like to

452
00:22:27,960 --> 00:22:32,360
Speaker 2: be doing so much else, like traveling and just growing

453
00:22:32,440 --> 00:22:37,119
Speaker 2: together as a couple before we commit to any large

454
00:22:37,160 --> 00:22:38,440
Speaker 2: purchases like a home.

455
00:22:38,680 --> 00:22:42,760
Speaker 5: Yeah, because it's such a big investment, and it's not

456
00:22:42,840 --> 00:22:45,479
Speaker 5: just an investment in terms of we'll get a return

457
00:22:45,520 --> 00:22:48,440
Speaker 5: out of this. It's your time, your energy, your effort,

458
00:22:48,520 --> 00:22:52,439
Speaker 5: all of your savings. Arguably also the ongoing commitment of

459
00:22:52,480 --> 00:22:54,960
Speaker 5: paying a mortgage. I don't think a lot of people

460
00:22:55,160 --> 00:22:58,959
Speaker 5: understand what that commitment looks like until you're actually in

461
00:22:59,000 --> 00:23:01,640
Speaker 5: the depths of it. We talk about it a lot

462
00:23:01,640 --> 00:23:03,760
Speaker 5: of work, and we talk a lot about it in

463
00:23:03,800 --> 00:23:07,159
Speaker 5: the office, just about making sure that you can afford

464
00:23:07,200 --> 00:23:10,359
Speaker 5: the repayments, and the repayments are something that are not

465
00:23:10,680 --> 00:23:13,159
Speaker 5: compromising your future goals and what you actually want to

466
00:23:13,200 --> 00:23:16,040
Speaker 5: achieve in life. Because I think once we start looking

467
00:23:16,040 --> 00:23:18,199
Speaker 5: at property, we get so tunnel visioned and we go,

468
00:23:18,240 --> 00:23:20,120
Speaker 5: all right, we need to save as much as possible,

469
00:23:20,359 --> 00:23:23,080
Speaker 5: and then once I have that deposit, I'm going to

470
00:23:23,119 --> 00:23:26,080
Speaker 5: be able to be a bit more free, and unfortunately

471
00:23:26,480 --> 00:23:29,399
Speaker 5: so many of us go. We do that, We save

472
00:23:29,440 --> 00:23:31,560
Speaker 5: our butts off. We get to that point where we

473
00:23:31,600 --> 00:23:34,280
Speaker 5: can purchase a property, we speak to a broker, They

474
00:23:34,359 --> 00:23:37,040
Speaker 5: talk to you about what your serviceability looks like and

475
00:23:37,080 --> 00:23:39,359
Speaker 5: what you can afford, and you go, great, no problems,

476
00:23:39,040 --> 00:23:42,360
Speaker 5: that's fantastic, and we end up on the higher end

477
00:23:42,400 --> 00:23:45,359
Speaker 5: of that spectrum, locking us into a mortgage repayment that

478
00:23:45,400 --> 00:23:47,480
Speaker 5: stops us doing those things that you just said you love,

479
00:23:47,840 --> 00:23:51,040
Speaker 5: like growing as a couple and having shared beautiful experiences

480
00:23:51,080 --> 00:23:54,600
Speaker 5: and traveling and experiencing the world. And I think that

481
00:23:54,640 --> 00:23:56,960
Speaker 5: we need to zoom out a little and go, all right, well,

482
00:23:56,960 --> 00:23:59,480
Speaker 5: what does life look like if we are going to

483
00:23:59,520 --> 00:24:01,399
Speaker 5: go down that route at some point, What does it

484
00:24:01,440 --> 00:24:03,400
Speaker 5: look like, how does it work, where would it sit?

485
00:24:03,840 --> 00:24:06,920
Speaker 5: And I think that you're making a really important decision

486
00:24:06,960 --> 00:24:10,240
Speaker 5: as a couple right now. That's okay, Well, that's not

487
00:24:10,320 --> 00:24:12,160
Speaker 5: in line with our goals and values. And I think

488
00:24:12,200 --> 00:24:15,679
Speaker 5: that's so powerful because it bucks the trend of what

489
00:24:15,760 --> 00:24:19,640
Speaker 5: everyone might expect from you, especially if you've come from

490
00:24:19,680 --> 00:24:20,399
Speaker 5: a small town.

491
00:24:20,640 --> 00:24:25,040
Speaker 2: Absolutely, and I constantly hear your voice in my head, Victorias, saying,

492
00:24:25,080 --> 00:24:28,040
Speaker 2: you know, what are your money values and reminding myself

493
00:24:28,080 --> 00:24:31,280
Speaker 2: that just because everyone else is doing this doesn't mean

494
00:24:31,320 --> 00:24:33,359
Speaker 2: that I should do that. And it's not what I

495
00:24:33,640 --> 00:24:36,399
Speaker 2: necessarily want to do anymore. And it's okay that my

496
00:24:36,520 --> 00:24:38,679
Speaker 2: mindset has shifted over the past couple of.

497
00:24:38,760 --> 00:24:41,560
Speaker 5: Years exactly, and it can shift again, like you could

498
00:24:41,600 --> 00:24:44,240
Speaker 5: come full circle and go, oh my gosh, we have

499
00:24:44,359 --> 00:24:46,800
Speaker 5: changed our minds. The only thing we want to do

500
00:24:47,119 --> 00:24:50,200
Speaker 5: is buy a house, and that's so fine. But it's

501
00:24:50,200 --> 00:24:52,760
Speaker 5: about being in touch with what that looks like. And

502
00:24:52,840 --> 00:24:56,320
Speaker 5: it changes and it shifts. And I think that if

503
00:24:56,359 --> 00:24:59,920
Speaker 5: you spoke to even baby Victoria, her goals and her

504
00:25:00,119 --> 00:25:04,000
Speaker 5: values were absolutely not aligned to what current Victoria's goals

505
00:25:04,000 --> 00:25:06,520
Speaker 5: and values are like I'm looking at it going, oh

506
00:25:06,520 --> 00:25:08,600
Speaker 5: my gosh, at some point, I'm gonna have a baby,

507
00:25:08,640 --> 00:25:11,440
Speaker 5: and that's so exciting. I want to provide for that baby.

508
00:25:11,680 --> 00:25:14,879
Speaker 5: Like if you'd set that to past Victoria at twenty

509
00:25:14,920 --> 00:25:17,320
Speaker 5: two twenty three, she would have been like, that's disgusting.

510
00:25:17,359 --> 00:25:20,359
Speaker 5: You're never having kids. What are you talking about. I

511
00:25:20,400 --> 00:25:22,679
Speaker 5: don't want to be locked down to any man. I

512
00:25:22,720 --> 00:25:26,560
Speaker 5: think it's just such an interesting mindset shift to even

513
00:25:26,640 --> 00:25:30,800
Speaker 5: contrast past us to future us, because I don't even

514
00:25:30,840 --> 00:25:32,960
Speaker 5: know what I would want to do in the future, right.

515
00:25:33,320 --> 00:25:35,560
Speaker 5: And I think that that's where it gets so confusing,

516
00:25:35,680 --> 00:25:38,840
Speaker 5: because we often compare ourselves to our friends and our

517
00:25:38,880 --> 00:25:42,360
Speaker 5: family and our colleagues and people who surround us instead

518
00:25:42,400 --> 00:25:46,000
Speaker 5: of ourselves. Like, the only person you should ever compare

519
00:25:46,040 --> 00:25:49,439
Speaker 5: yourself to is past you, never anybody else, because if

520
00:25:49,480 --> 00:25:52,560
Speaker 5: you're doing that, you're doing yourself a disservice, because everybody

521
00:25:52,640 --> 00:25:55,640
Speaker 5: else has different experiences and goals and values and things

522
00:25:55,640 --> 00:25:58,080
Speaker 5: they want to achieve. And I mean, if I look

523
00:25:58,080 --> 00:26:00,760
Speaker 5: at Jess, she's a way better savor than me. Like

524
00:26:00,880 --> 00:26:04,040
Speaker 5: Jess is a small wizard, so is Georgia. It's really

525
00:26:04,160 --> 00:26:06,879
Speaker 5: jarring because I am not nearly as good at money

526
00:26:07,160 --> 00:26:09,679
Speaker 5: as they are. I have to be super automated, and

527
00:26:09,720 --> 00:26:11,240
Speaker 5: I look at them and I go, oh my gosh,

528
00:26:11,280 --> 00:26:13,920
Speaker 5: like I can't believe how good at money they are

529
00:26:13,960 --> 00:26:17,480
Speaker 5: consistently because I am not. But that doesn't put me

530
00:26:17,560 --> 00:26:19,320
Speaker 5: in a good position at all. It just makes me

531
00:26:19,359 --> 00:26:21,280
Speaker 5: feel bad. It puts me in a position where I'm

532
00:26:21,320 --> 00:26:24,440
Speaker 5: then reflecting on their goals and their values to overlay

533
00:26:24,520 --> 00:26:27,720
Speaker 5: onto my life, Whereas I could go, oh my gosh, Victoria,

534
00:26:27,800 --> 00:26:30,560
Speaker 5: you're doing so well. You're so much better than past you,

535
00:26:30,600 --> 00:26:33,800
Speaker 5: because past you was an absolute shamble. So I think

536
00:26:33,840 --> 00:26:36,360
Speaker 5: it's about really understanding and it sounds like you're on

537
00:26:36,480 --> 00:26:38,560
Speaker 5: track to really going all right, Well, this is how

538
00:26:38,560 --> 00:26:40,720
Speaker 5: we want to live life on our terms, and that's

539
00:26:41,000 --> 00:26:43,200
Speaker 5: such a beautiful thing. Tick here, I love it.

540
00:26:43,760 --> 00:26:46,960
Speaker 2: Yeah, life is definitely too short and too fluid to

541
00:26:47,400 --> 00:26:48,359
Speaker 2: remain stagnant.

542
00:26:48,840 --> 00:26:50,800
Speaker 5: So what are we going to do about our living?

543
00:26:50,880 --> 00:26:53,960
Speaker 5: Levita Limbo? How are we going to sort that out?

544
00:26:54,000 --> 00:26:57,119
Speaker 5: Because I think that this topic is such a common

545
00:26:57,160 --> 00:26:59,640
Speaker 5: one and it's such a relatable topic in our community.

546
00:27:00,200 --> 00:27:01,800
Speaker 5: What are you going to do? How are we going

547
00:27:01,840 --> 00:27:03,720
Speaker 5: to do it? And how are we going to do

548
00:27:03,720 --> 00:27:04,159
Speaker 5: it together?

549
00:27:04,480 --> 00:27:07,639
Speaker 2: I was hoping you might have that answer, but I

550
00:27:07,760 --> 00:27:10,720
Speaker 2: can contribute. I think I might just need to take

551
00:27:10,880 --> 00:27:14,400
Speaker 2: that leap and if I want to invest, just accepting

552
00:27:14,440 --> 00:27:19,280
Speaker 2: that with investing comes ebbs and flows and that's all

553
00:27:19,320 --> 00:27:22,480
Speaker 2: part of the journey. So I think taking that leap there,

554
00:27:22,560 --> 00:27:26,240
Speaker 2: but ensuring that I'm doing it in a financially safe way.

555
00:27:26,480 --> 00:27:30,119
Speaker 2: So I've done my research. I've spoken to a financial advisor.

556
00:27:30,720 --> 00:27:32,640
Speaker 5: Yay, I've heard they're good eggs.

557
00:27:32,920 --> 00:27:33,800
Speaker 2: Do you know any good ones?

558
00:27:33,840 --> 00:27:36,800
Speaker 5: No, I've heard of one I wouldn't recommend.

559
00:27:37,119 --> 00:27:39,520
Speaker 2: Oh okay, give it a miss then, But yeah, So

560
00:27:39,560 --> 00:27:42,280
Speaker 2: I just I need to and I think in terms

561
00:27:42,320 --> 00:27:44,440
Speaker 2: of what I've already done a little bit of research,

562
00:27:44,680 --> 00:27:47,000
Speaker 2: quite a bit of reading, I think I'm at that

563
00:27:47,040 --> 00:27:49,440
Speaker 2: point where I'm ready to meet with their financial advisor,

564
00:27:49,800 --> 00:27:54,000
Speaker 2: whether that's to provide an element of comfortability and security

565
00:27:54,119 --> 00:27:57,880
Speaker 2: in taking that leap or getting that professional advice.

566
00:27:58,160 --> 00:28:00,760
Speaker 5: I think that's a really important point bring up because

567
00:28:00,760 --> 00:28:04,840
Speaker 5: we've done episodes on different ways to invest. So we

568
00:28:04,880 --> 00:28:08,280
Speaker 5: talked about micro investing and then DIY platforms and robo

569
00:28:08,359 --> 00:28:12,199
Speaker 5: advice and financial advice, and obviously financial advice can be

570
00:28:12,320 --> 00:28:16,040
Speaker 5: quite expensive and arguably a little bit prohibitive for a

571
00:28:16,040 --> 00:28:18,440
Speaker 5: lot of people. But a lot of the time, when

572
00:28:18,440 --> 00:28:21,680
Speaker 5: we talk to clients or I see new clients, they'll

573
00:28:21,680 --> 00:28:23,399
Speaker 5: sit down and be like, Victoria, this is worth it,

574
00:28:23,440 --> 00:28:25,520
Speaker 5: because I'm never going to get into the market if

575
00:28:25,520 --> 00:28:27,679
Speaker 5: I don't have someone holding my hand or if I

576
00:28:27,720 --> 00:28:31,320
Speaker 5: don't have this sense of support around me, because it's

577
00:28:31,400 --> 00:28:33,760
Speaker 5: just never going to happen. So as much as it's

578
00:28:33,800 --> 00:28:36,640
Speaker 5: an investment, it's an investment in my future because I'm

579
00:28:36,640 --> 00:28:39,560
Speaker 5: not going to invest without somebody else. And I really

580
00:28:39,720 --> 00:28:42,320
Speaker 5: like reframing it to that because so many people say

581
00:28:42,320 --> 00:28:44,080
Speaker 5: things like, oh my gosh, you could just do it yourself,

582
00:28:44,080 --> 00:28:47,520
Speaker 5: and you absolutely could, but a lot of people aren't

583
00:28:47,520 --> 00:28:50,600
Speaker 5: comfortable to do that. A lot of people need that journey.

584
00:28:50,880 --> 00:28:53,320
Speaker 5: And we talk about investment so much, which is why

585
00:28:53,360 --> 00:28:57,360
Speaker 5: we have a book coming out in September literally on investment,

586
00:28:57,760 --> 00:29:01,440
Speaker 5: because after the first book came out, I obviously included

587
00:29:01,480 --> 00:29:04,200
Speaker 5: some information about investment in different asset classes, and I

588
00:29:04,240 --> 00:29:05,560
Speaker 5: was like, this is good, this is a really good

589
00:29:05,600 --> 00:29:10,160
Speaker 5: based understanding. Everyone was basically shaking me, going well, what's next?

590
00:29:10,240 --> 00:29:13,640
Speaker 5: How do we do the next thing? And I go, oh, okay, well,

591
00:29:13,680 --> 00:29:16,480
Speaker 5: I guess we have to write another book. So hopefully

592
00:29:16,880 --> 00:29:19,840
Speaker 5: you can get your mittens on that and put yourself

593
00:29:19,840 --> 00:29:21,680
Speaker 5: in a position where you go, oh, this makes sense.

594
00:29:21,760 --> 00:29:23,680
Speaker 5: These are the next steps. These are the things I

595
00:29:23,720 --> 00:29:26,840
Speaker 5: need to understand to feel comfortable with the markets. And

596
00:29:26,880 --> 00:29:29,360
Speaker 5: it's something that I want to create way more content

597
00:29:29,480 --> 00:29:31,720
Speaker 5: around as well. So hopefully we can do a little

598
00:29:31,760 --> 00:29:34,120
Speaker 5: course so we can do it together and actually sit

599
00:29:34,200 --> 00:29:36,280
Speaker 5: down and have webinars and stuff. And I'm just trying

600
00:29:36,320 --> 00:29:39,040
Speaker 5: to find a format to make that work so that

601
00:29:39,080 --> 00:29:42,720
Speaker 5: we can learn together and it be collaborative. However, you

602
00:29:42,760 --> 00:29:45,080
Speaker 5: said before a very interesting comment where you're like, oh,

603
00:29:45,080 --> 00:29:48,000
Speaker 5: I hoped that you have the answers, and I'm like,

604
00:29:48,600 --> 00:29:51,240
Speaker 5: my friend, I wish I had the answers. But the

605
00:29:51,360 --> 00:29:55,440
Speaker 5: thing is, I am a financial advisor. I can advise,

606
00:29:55,640 --> 00:29:59,120
Speaker 5: but what you actually take up is really based on

607
00:29:59,200 --> 00:30:02,160
Speaker 5: your goals and your values, and a lot of the

608
00:30:02,200 --> 00:30:07,120
Speaker 5: financial advice process is actually very psychological. It's very sit

609
00:30:07,160 --> 00:30:09,280
Speaker 5: down and saying money, gyrus, but what do you want?

610
00:30:09,360 --> 00:30:12,520
Speaker 5: And it's like asking the questions that get the answer

611
00:30:12,600 --> 00:30:16,120
Speaker 5: out of you, so the answer truly lies with you.

612
00:30:16,400 --> 00:30:19,440
Speaker 5: It's not actually with me, there's no magic wand that goes,

613
00:30:19,440 --> 00:30:21,120
Speaker 5: oh my gosh, you can feel like you're not in

614
00:30:21,160 --> 00:30:25,840
Speaker 5: limbo anymore. It's actually that structure and sitting down and going, well,

615
00:30:25,840 --> 00:30:28,320
Speaker 5: what are my attitudes towards money? What do I want

616
00:30:28,360 --> 00:30:32,240
Speaker 5: to achieve? And journaling is a really powerful tool that

617
00:30:32,320 --> 00:30:34,000
Speaker 5: you can use to sit down and go, oh, well,

618
00:30:34,040 --> 00:30:37,160
Speaker 5: what does life look like in ten or twenty years.

619
00:30:37,200 --> 00:30:40,280
Speaker 5: It's something that I've done with my partner. He was

620
00:30:40,320 --> 00:30:42,520
Speaker 5: a bit begrudging of it. He didn't like this idea

621
00:30:42,520 --> 00:30:45,720
Speaker 5: because quote lame. But sitting down and going, well, what

622
00:30:45,800 --> 00:30:48,360
Speaker 5: does life look like for us in five years? Like

623
00:30:48,640 --> 00:30:51,040
Speaker 5: where are we at, where do we live, what amount

624
00:30:51,040 --> 00:30:53,520
Speaker 5: of money do we earn? Do we have kids, do

625
00:30:53,560 --> 00:30:55,560
Speaker 5: we not have kids? Do we still live in the

626
00:30:55,600 --> 00:30:58,000
Speaker 5: same location. I think that that can be a really

627
00:30:58,080 --> 00:31:00,960
Speaker 5: powerful tool of saying five years and then we did

628
00:31:01,000 --> 00:31:03,400
Speaker 5: ten years, and after that we both just started arguing

629
00:31:03,400 --> 00:31:05,880
Speaker 5: about how it wasn't worth, you know, going any further

630
00:31:05,920 --> 00:31:08,320
Speaker 5: than that, But that gave us a really good structure

631
00:31:08,320 --> 00:31:10,160
Speaker 5: of well, what do we need to get in place

632
00:31:10,600 --> 00:31:13,680
Speaker 5: to create that reality? What do we need to organize

633
00:31:13,720 --> 00:31:16,000
Speaker 5: to make sure that that works? And that was something

634
00:31:16,040 --> 00:31:19,440
Speaker 5: that Steve and I had done before we got engaged,

635
00:31:19,920 --> 00:31:22,240
Speaker 5: and I didn't know that that was coming at that point,

636
00:31:22,280 --> 00:31:23,959
Speaker 5: but we sat down and I was like, oh, like,

637
00:31:24,040 --> 00:31:25,959
Speaker 5: you know, being really honest, i'd love to think that

638
00:31:26,000 --> 00:31:28,760
Speaker 5: in five years would be married. Steve was like, yeah,

639
00:31:28,800 --> 00:31:31,240
Speaker 5: like that seems like a really nice, you know, part

640
00:31:31,280 --> 00:31:33,960
Speaker 5: of life. And I think that to have those open,

641
00:31:34,040 --> 00:31:37,360
Speaker 5: honest conversations about where your life goes, whether it is

642
00:31:37,640 --> 00:31:40,520
Speaker 5: with your partner or with a friend, or even just

643
00:31:40,600 --> 00:31:43,200
Speaker 5: with yourself and a journal, sitting with a really nice

644
00:31:43,200 --> 00:31:45,280
Speaker 5: cup of tea, I think that that can be a

645
00:31:45,360 --> 00:31:48,600
Speaker 5: really awesome point of reflection where you go, well, what

646
00:31:48,680 --> 00:31:51,280
Speaker 5: does it look like in the future. We're not comparing

647
00:31:51,280 --> 00:31:54,760
Speaker 5: to anybody else, we're not reflecting on other people's expectations

648
00:31:54,760 --> 00:31:57,480
Speaker 5: of ourselves, and more often than not, I think you'll

649
00:31:57,480 --> 00:32:00,600
Speaker 5: find that most of us it's not about things. It's

650
00:32:00,640 --> 00:32:04,320
Speaker 5: about experiences and feelings and mental health. And I think

651
00:32:04,360 --> 00:32:07,720
Speaker 5: that those are really beautiful outcomes that we can start

652
00:32:07,760 --> 00:32:10,560
Speaker 5: working towards. So I'm sorry I don't have the answers,

653
00:32:10,720 --> 00:32:13,960
Speaker 5: because unfortunately I never do. I can give you an education.

654
00:32:14,480 --> 00:32:16,680
Speaker 5: I can give you all the information on how to

655
00:32:16,720 --> 00:32:19,040
Speaker 5: look at the returner on the investment or the returner

656
00:32:19,040 --> 00:32:21,040
Speaker 5: on equity. We can sit down, we can talk about

657
00:32:21,040 --> 00:32:24,040
Speaker 5: asset classes, but at the end of the day, your

658
00:32:24,120 --> 00:32:27,040
Speaker 5: values and what your life looks like, and that guidance

659
00:32:27,080 --> 00:32:30,440
Speaker 5: actually comes from within. As fluffy as that sounds, and

660
00:32:30,520 --> 00:32:31,600
Speaker 5: I'm sorry.

661
00:32:31,800 --> 00:32:34,880
Speaker 2: No, I think it's I think it's really relevant. Sometimes

662
00:32:35,120 --> 00:32:39,000
Speaker 2: you just need someone to say to you. I hear

663
00:32:39,320 --> 00:32:42,480
Speaker 2: that you're wanting to explore this, and that's okay, And

664
00:32:42,680 --> 00:32:45,920
Speaker 2: whether it's a flop or a success, you're going to

665
00:32:45,960 --> 00:32:48,360
Speaker 2: do what you want to be doing. And I think

666
00:32:48,680 --> 00:32:51,000
Speaker 2: that's what you guys are providing for me right now.

667
00:32:51,120 --> 00:32:52,680
Speaker 4: I read a tweet on the weekend and it said,

668
00:32:52,720 --> 00:32:55,360
Speaker 4: after your flop era comes your sleigh era.

669
00:32:55,640 --> 00:32:57,920
Speaker 5: I'm sorry, Okay.

670
00:32:57,640 --> 00:32:59,720
Speaker 4: Even if it is a flop, maybe that that means

671
00:32:59,760 --> 00:33:02,080
Speaker 4: that something good will come around the corner for you.

672
00:33:02,240 --> 00:33:04,400
Speaker 2: And look at rock bottom, you can only go up

673
00:33:04,560 --> 00:33:06,480
Speaker 2: right exactly exactly.

674
00:33:06,920 --> 00:33:09,840
Speaker 5: And I always say it's either a blessing or a lesson.

675
00:33:10,600 --> 00:33:13,080
Speaker 5: So there's no such thing as a flop in my book, Jess,

676
00:33:13,120 --> 00:33:15,240
Speaker 5: I got to read it, sheep, none of us are flocks.

677
00:33:15,400 --> 00:33:17,480
Speaker 5: I think it's interesting as well, because I think so

678
00:33:17,600 --> 00:33:20,440
Speaker 5: many of us are actually looking for permission to explore it.

679
00:33:20,920 --> 00:33:23,880
Speaker 5: I think we're not looking necessarily for the answers, we're

680
00:33:23,920 --> 00:33:27,080
Speaker 5: just looking for the gateway to start, right. It's like anything,

681
00:33:27,320 --> 00:33:30,040
Speaker 5: you just don't feel like you're well enough equipped to

682
00:33:30,080 --> 00:33:33,160
Speaker 5: start exploring that. But exploring it is free. You can

683
00:33:33,200 --> 00:33:35,800
Speaker 5: read so much, you can listen to podcasts, You can

684
00:33:35,920 --> 00:33:40,080
Speaker 5: explore different topics or even just different theories or different

685
00:33:40,200 --> 00:33:45,200
Speaker 5: ideas from different people without having any complications on your

686
00:33:45,240 --> 00:33:48,440
Speaker 5: financial life. Right, so, I think starting to map out

687
00:33:48,480 --> 00:33:51,160
Speaker 5: what that might look like, or even write down the

688
00:33:51,240 --> 00:33:53,719
Speaker 5: things you don't want to be, because I think a

689
00:33:53,760 --> 00:33:57,000
Speaker 5: lot of the time, if we're confused about our circumstances,

690
00:33:57,480 --> 00:33:59,520
Speaker 5: it's very hard to say, okay, Jess, well what do

691
00:33:59,560 --> 00:34:01,240
Speaker 5: you want in five years? And you throw your hands

692
00:34:01,240 --> 00:34:02,960
Speaker 5: in the air and you go, well, I don't know, Victoria,

693
00:34:03,040 --> 00:34:06,320
Speaker 5: that's the problem. But what we can do is sit

694
00:34:06,360 --> 00:34:08,279
Speaker 5: down and go, well, what don't you want? You go,

695
00:34:08,360 --> 00:34:09,799
Speaker 5: I don't want to be in a job that I

696
00:34:09,840 --> 00:34:12,799
Speaker 5: don't like, I don't want to not do this, or

697
00:34:12,840 --> 00:34:15,480
Speaker 5: I don't want to have not traveled. I think it's

698
00:34:15,560 --> 00:34:17,640
Speaker 5: easier to write a list of things you do not

699
00:34:17,840 --> 00:34:20,399
Speaker 5: want as opposed to things you do want. Even though

700
00:34:20,400 --> 00:34:22,479
Speaker 5: I'm very much of a positive mindset and I'd prefer

701
00:34:22,800 --> 00:34:26,480
Speaker 5: us to be more aspirational, sometimes it's easier to start

702
00:34:26,520 --> 00:34:29,600
Speaker 5: with the lists of don't because they quite easily can

703
00:34:29,640 --> 00:34:32,640
Speaker 5: be reframed into well, the opposite of that is this

704
00:34:32,840 --> 00:34:34,720
Speaker 5: is that what you want? You go, Yeah, that sounds

705
00:34:34,760 --> 00:34:37,319
Speaker 5: about right for me. So I think it can be

706
00:34:37,800 --> 00:34:40,440
Speaker 5: a little bit fluffy, but sometimes we need someone to

707
00:34:40,560 --> 00:34:43,719
Speaker 5: just give us permission to explore that and say no,

708
00:34:44,400 --> 00:34:46,480
Speaker 5: do it like that's the best thing for you. We

709
00:34:46,520 --> 00:34:48,560
Speaker 5: want to see where you're at and how that works.

710
00:34:48,960 --> 00:34:52,120
Speaker 2: I think so definitely, and having like you were saying, Victoria,

711
00:34:52,200 --> 00:34:55,080
Speaker 2: having someone along that journey with you, whether it be

712
00:34:55,200 --> 00:34:58,840
Speaker 2: a financial advisor or a partner or someone else that

713
00:34:59,120 --> 00:35:01,680
Speaker 2: holds a lot of you in importance to you to

714
00:35:02,520 --> 00:35:04,920
Speaker 2: you know, pick you up when things aren't great or

715
00:35:04,960 --> 00:35:07,839
Speaker 2: if anything you know dips and just say, look, we're

716
00:35:07,880 --> 00:35:10,239
Speaker 2: going to try again. So I think that's what I'll

717
00:35:10,280 --> 00:35:11,920
Speaker 2: be seeking. Definitely.

718
00:35:12,280 --> 00:35:14,800
Speaker 5: I love that, and I think you're absolutely on the

719
00:35:14,880 --> 00:35:17,000
Speaker 5: right track. Jess, Do you have any other question?

720
00:35:17,200 --> 00:35:18,839
Speaker 4: No, I feel like that's left it at a really

721
00:35:18,960 --> 00:35:19,440
Speaker 4: nice place.

722
00:35:19,520 --> 00:35:21,359
Speaker 5: I feel like we've run out of time as well,

723
00:35:21,440 --> 00:35:23,760
Speaker 5: so I was like, ah, yess, if you do, sorry,

724
00:35:24,680 --> 00:35:27,160
Speaker 5: all right, thank you so much money, Dirist. I feel

725
00:35:27,160 --> 00:35:30,080
Speaker 5: like this has been super relatable to me and to

726
00:35:30,120 --> 00:35:34,480
Speaker 5: probably everybody who listens. But now, Jess, unfortunately it is

727
00:35:34,520 --> 00:35:37,240
Speaker 5: time to wrap the boring but important stuff. Take it away,

728
00:35:37,360 --> 00:35:38,240
Speaker 5: don't forget guys.

729
00:35:38,280 --> 00:35:40,680
Speaker 4: The advice shared on She's on the Money is generally

730
00:35:40,840 --> 00:35:44,400
Speaker 4: nature and does not consider your individual circumstances. She's on

731
00:35:44,440 --> 00:35:47,640
Speaker 4: the Money exist purely for educational purposes and should not

732
00:35:47,680 --> 00:35:50,520
Speaker 4: be relied upon to make an investment or a financial decision.

733
00:35:50,760 --> 00:35:53,280
Speaker 4: And we promise Victoria Divine and She's on the Money

734
00:35:53,280 --> 00:35:58,120
Speaker 4: are authorized representatives of InFocus Securities Australia Proprietary Limited ABN

735
00:35:58,200 --> 00:36:00,560
Speaker 4: four seven oh nine seven seven nine nine seven oh

736
00:36:00,680 --> 00:36:03,240
Speaker 4: fortnine I ever sell two three six five.

737
00:36:03,080 --> 00:36:04,920
Speaker 5: Two three See you on Wednesday, guys.

738
00:36:04,960 --> 00:36:08,920
Speaker 2: Bye,