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

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

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

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

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

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

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

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

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Speaker 1: and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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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: us that let you be pervy on other people's financial

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Speaker 4: situations for educational purposes, of course.

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Speaker 2: Welcome back to another one of our.

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Speaker 4: Money Diaries episodes where I get the absolute privilege of

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Speaker 4: talking to someone from how She's on the Money community

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Speaker 4: all about their journey. Let's jump straight into it, because

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Speaker 4: this week I got a message and it sounded exactly

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Speaker 4: like this, Dear She's on the Money. After my youngest

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Speaker 4: spent time in the Niicquu, I realized how precious time,

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Speaker 4: really is. I didn't want to keep putting off the

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Speaker 4: dream of traveling with my family, but I had no

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Speaker 4: idea how we could make it work. That's when I

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Speaker 4: decided to get creative. I took my skills as a

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Speaker 4: paramedic and turned them into something completely different, a business

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Speaker 4: I could run from anywhere, and.

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Speaker 2: It's given us so much freedom.

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Speaker 4: Now we're raising our kids, investing in our future, and

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Speaker 4: finally getting to chase those travel dreams. The best part,

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Speaker 4: we didn't need to become millionaires to make it happen,

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Speaker 4: and I'd love to share how we did it.

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Speaker 2: Money diarists, that sounds so excited.

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Speaker 5: Yeah, it's more complicated than that in real life, but

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Speaker 5: it is a lot of fun. We've had a great journey.

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Speaker 4: I'm sure, But like that was honestly a great little

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Speaker 4: clickbait loop.

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Speaker 2: What do they call it?

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Speaker 4: A hook to make us go, oh, she was a paramedic,

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Speaker 4: But what is she doing?

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Speaker 2: How is she doing it?

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Speaker 4: So let's dive straight in because I would love to

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Speaker 4: know more about this moneyed diarist before we get into it, though,

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Speaker 4: I want to know if I asked you to grade

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Speaker 4: your money.

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Speaker 2: Habits from A through to F what grade would you

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Speaker 2: give them?

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Speaker 5: I think probably a B minus B minus.

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Speaker 4: All right, let's learn a little bit more about you

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Speaker 4: and your journey. My favorite question ever money Darist. Can

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Speaker 4: we dive a little bit more into your money story?

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Speaker 5: Yeah, so, I'll go all the way back to be

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Speaker 5: an eighties baby. So I was raised by parents who

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Speaker 5: went through the difficulties in the nineties with the recession,

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Speaker 5: and money was always not tired. But everyone was conscious

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Speaker 5: of money, I guess, being raised by parents who were

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Speaker 5: very much like, we need a home, we need security.

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Speaker 5: Not that that was ever explicitly said to us as kids,

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Speaker 5: but it was always there, right for many families.

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Speaker 2: I think of that generation, it's a tone like, it's

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Speaker 2: a feeling.

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Speaker 5: Yeah, and yeah, you feel it for sure, even if

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Speaker 5: it's not said. You know that that's the most important

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Speaker 5: thing is to have a roof over your head, food

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Speaker 5: on the table, and everything else is after that. So

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Speaker 5: as I sort of got older, I realized that you

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Speaker 5: can do more than that with money if you have

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Speaker 5: the ability to do so, you know, as the economy

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Speaker 5: changed as I got older, and that kind of thing.

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Speaker 5: But you know, when you're raised that way, you always

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Speaker 5: have that undercot like I have to make sure I

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Speaker 5: have X, Y Z, and you feel guilty if you

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Speaker 5: don't do those things. So in my twenties, I was

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Speaker 5: earning quite a bit of money and I didn't particularly

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Speaker 5: want to follow that route. So I suppose I wasn't

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Speaker 5: as thoughtful with my money I could have been, because

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Speaker 5: I wasn't sure, you know, if I didn't want to

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Speaker 5: go to that same path, but I wasn't sure what

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Speaker 5: other options there were. So I just followed my love

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Speaker 5: of trouble, which is the only thing I've ever wanted

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Speaker 5: to do. And I spent all of our dollars, a

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Speaker 5: hardened dollars on traveling the world on my own, and

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Speaker 5: then when I met my husband as well. So yeah,

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Speaker 5: we've done lots of things after that, but that was

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Speaker 5: my younger years. That's how I spent all our dollars.

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Speaker 5: As that time went on and we had kids, we

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Speaker 5: sort of weren't too sure again how we could continue

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Speaker 5: that life. We went through covid own of Victoria, like

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Speaker 5: I'm sure you guys did, and then had our second

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Speaker 5: and I just thought, I really want to make this happen,

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Speaker 5: you know, for sure. I want to find a way

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Speaker 5: that we can have enough money to do exactly what

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Speaker 5: it is that we want, whatever it is that we want,

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Speaker 5: So we took a really long time to decide what

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Speaker 5: our priorities were, and then how do we go about

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Speaker 5: earning the money in the way we want to get

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Speaker 5: those priorities working for us? I guess yeah, to live

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Speaker 5: that life.

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Speaker 4: Which literally sounds like the dream, right, like getting our

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Speaker 4: money in order, like so that we can live our

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Speaker 4: values and live our dream. Like I know you were like, oh,

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Speaker 4: you know, I didn't spend my money very thoughtfully in

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Speaker 4: my twenties, Like, babe, that's what your twenties were for,

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Speaker 4: to learn what you like and what you dislike. And

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Speaker 4: how would you know if you liked travel or not

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Speaker 4: if you didn't get those experiences. Like I think that

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Speaker 4: you did exactly what you were meant to do in

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Speaker 4: those moments, but I want to know more because like,

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Speaker 4: you can't just be like.

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Speaker 2: Oh, I've kind of cracked the code.

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Speaker 4: Guys, you don't need to be a millionaire, but you

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Speaker 4: can craft your life to live in line with your

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Speaker 4: values and.

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Speaker 2: Travel, Like what do you do? How do you do it?

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Speaker 4: Like my next question is meant to be like what

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Speaker 4: do you do for work and how much you earn,

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Speaker 4: but like, I feel like there's a bit more than

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Speaker 4: just your job. I want to know how you got

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Speaker 4: there and how you crafted this and even how you

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Speaker 4: had these conversations with your partner to go like life

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Speaker 4: could be better, Like we could create something here.

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Speaker 5: So it was really when when our littlest was born

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Speaker 5: and he was in NICKQU, my husband was working a

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Speaker 5: billion hours a week. Luckily, you know, he was able

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Speaker 5: to keep his job through COVID. I'd taken a few

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Speaker 5: years off, you know, to be at home with our eldest,

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Speaker 5: and I was sitting in nick Q one day, and

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Speaker 5: you know, I knew I had all these skills, I

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Speaker 5: didn't really know what I was going to do about

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Speaker 5: going back to work. At the time that he was

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Speaker 5: in NICKQ, we were told in the early days that

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Speaker 5: there was a very strong likelihood that he would not

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Speaker 5: live a easy life. He would potentially have a significant

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Speaker 5: brain injury, and you know, we would have to adjust

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Speaker 5: our lives to fit around that, which of course we

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Speaker 5: were prepared to do. But I was like, I have

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Speaker 5: no idea what my future career is going to look like.

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Speaker 5: It's definitely not going back to the paramedic, so that's

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Speaker 5: not going to work if I have a child with

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Speaker 5: extreme physical needs. My husband's work was it's great, but

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Speaker 5: it's not enough to sustain a family for years and years,

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Speaker 5: you know, on just one income. And that's not what

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Speaker 5: we really wanted to do either. And one of the

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Speaker 5: nurses said to me, we've been talking for hours because

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Speaker 5: you have a one on one nurse and Nick you

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Speaker 5: like that. And she was just sitting and chatting to me,

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Speaker 5: and she said, what do you want to if you

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Speaker 5: could go home, take him home and he's healthy, what

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Speaker 5: would you do? And I said, well, I'd pack up

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Speaker 5: my house, I take my boys, work on my laptop,

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Speaker 5: and just travel until we feel like we're ready to

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Speaker 5: stop again. And she's like, well, then just do that.

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Speaker 5: I was like, okay, I guess I'm just going to

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Speaker 5: do that. So the next time I talked to my husband,

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Speaker 5: I was like, let's float this lady.

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Speaker 4: I feel like that's crazy advice. I feel like it's

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Speaker 4: crazy advice at the same time as being like great

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Speaker 4: advice because like you would know that, like Nick, you

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Speaker 4: nurses like they're a next level special like their advice,

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Speaker 4: like they're warmt like to be a nick you nurse,

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Speaker 4: you're a super special human being for her to be

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Speaker 4: like cultivating this relationship with you and then just being like, hey,

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Speaker 4: money doves, just do it and you're like.

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Speaker 2: Yeah, great, let's just do it.

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Speaker 4: Like I feel like that was probably a very pivotal

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Speaker 4: conversation for you where you were like, yeah, you're right,

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Speaker 4: let's just do it. So what you went home, you

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Speaker 4: created a plan, like I need to ask, how's your

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Speaker 4: son now? Like he's obviously out of nick you because

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Speaker 4: you're traveling, but like what happened in that situation.

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Speaker 5: Yeah, so he's two and a half now. He At

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Speaker 5: the point of that conversation, we still weren't one hundred

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Speaker 5: percent sure of how what his long term health would

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Speaker 5: be like, but we knew he was probably going to

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Speaker 5: come home. That conversation was literally the turning point of

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Speaker 5: our lives. The next time I spoke to my husband,

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Speaker 5: who managed to get COVID, well, our little one was

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Speaker 5: in NICKI no, and I said, why don't we just

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Speaker 5: sell everything we own, travel and just spend time with

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Speaker 5: our kids, because you know, we're in the paramedics. You see,

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Speaker 5: life is so short and it can end at any moment.

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Speaker 5: But you never think that's going to happened to you.

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Speaker 5: And those weeks that we thought he might not survive

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Speaker 5: really just brought home for us, right, what are we doing? Like,

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Speaker 5: what do we actually want from this life? We want

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Speaker 5: to spend time with our kids. Obviously that costs money,

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Speaker 5: so how do we what do we do? What does

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Speaker 5: that look like? So, you know, he said to me,

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Speaker 5: I used to work in medical admin before I was

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Speaker 5: a paramedic, so I can obviously talk to people and

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Speaker 5: I've got the admin skills. And he's like, why don't

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Speaker 5: you just do that? Like if you want to work, Like,

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Speaker 5: why don't we make that happen? So that's exactly what

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Speaker 5: we did. You know, he came home from nick You

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Speaker 5: we sold literally everything we owned and we bought a

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Speaker 5: caravan and went traveling around Australia and it was just

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Speaker 5: the best. Having that time together with my husband there

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Speaker 5: too gave me a chance to sort of grow my business,

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Speaker 5: so I could start out. There wasn't too much pressure

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Speaker 5: on me in the beginning because we had some savings,

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Speaker 5: and then yeah, just grew from there. A little bit

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Speaker 5: of word of mouth. I was doing some you know,

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Speaker 5: just sending out invoices for clients and booking appointments, and

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Speaker 5: then you know, that person recommended me to someone else,

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Speaker 5: and someone else and someone else, and on and on

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Speaker 5: we go, and two years later, I've been fully booked

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Speaker 5: for a while. We are in a house at the moment,

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Speaker 5: we've stopped for a little while, and I work around

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Speaker 5: my husband's house so there's always someone home with the

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Speaker 5: kids here. Works part time. I work part time. And

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Speaker 5: it's yeah, we travel whenever we can.

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Speaker 2: That sounds like the dream. It is.

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Speaker 5: It was our dream. I think that's there. Yeah, I

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Speaker 5: love it.

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Speaker 2: So I need to get pervy though.

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Speaker 4: Yeah, I know, but I think I love the idea

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Speaker 4: that the value at the crux of that is obviously

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Speaker 4: like travel, but spending quality time with your family. And

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Speaker 4: I just irrespective of whether you want to travel or

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Speaker 4: you want to, you know, create a big business or

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Speaker 4: do whatever, like, quality time with family is so special

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Speaker 4: and being able to prioritize that is theirpic. But I

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Speaker 4: need to know, like what is your job title, like

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Speaker 4: what is your business? And like how much money are

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Speaker 4: you earning? Because I think some people might go, oh great,

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Speaker 4: like she travels, she just lives in a caravan and

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Speaker 4: earns twenty grand a year and that's enough for them

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Speaker 4: to get by. But like, I know that's not the case.

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Speaker 4: So could you give us a bit of insight into, like,

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Speaker 4: quote your job description or what your clients would say

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Speaker 4: you do, and then how much money you earn.

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Speaker 5: Yeah. Sure, So I am a virtual assistant. I work

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Speaker 5: specifically in Allied Health, where you can work in really

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Speaker 5: any field you want to. You can work for tradees

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Speaker 5: or whoever, so Allied Health virtual assistant. I work for myself.

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Speaker 5: I'm a sole trader. I've just increased the clients that

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Speaker 5: I'm working. At the moment, I'm working enough. I should

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Speaker 5: be on track to earn about sixty k this year.

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Speaker 5: That's part time. That obviously I have all my business

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Speaker 5: expenses and all those kinds of things. So that's my

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Speaker 5: best estimate for what I should earn this financial year.

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Speaker 4: Yeah, that is very cool, and I have to be

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Speaker 4: super pervy. You're going to have to tell me what

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Speaker 4: does your husband do if he's able to work part

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Speaker 4: time as well.

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Speaker 5: So he's a trade it's unusual for him to be

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Speaker 5: able to work part time. But we just sort of

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Speaker 5: we move somewhere where we knew that was a possibility

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Speaker 5: because trades are in higher demand and you can be

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Speaker 5: a little bit more open with your wants and needs.

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Speaker 5: And yeah, it worked out, but you know, we took

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Speaker 5: a bit of a leap. He asked the question and

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Speaker 5: got what he asked for. So yeah, it's lovely actually

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Speaker 5: because he despite him just working part time hours, he

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Speaker 5: has been able to keep a company car and he

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Speaker 5: has his phone paid for too, So those are expenses

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Speaker 5: that you know, we don't have to worry about. Running

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Speaker 5: a second car is so expensive, so be able to

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Speaker 5: keep that benefit has really been a bit of a

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Speaker 5: game changer for us too.

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Speaker 4: So that's a total money win. Tell me a bit

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Speaker 4: more like I feel like you've I don't know you've

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Speaker 4: got it so sordid, but you probably still have some

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Speaker 4: big money goals.

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Speaker 2: You came home one day and said to your husband,

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Speaker 2: all right, we're done.

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Speaker 4: We're selling everything and we're traveling. After making that decision,

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Speaker 4: what are your big money goals? What are you currently

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Speaker 4: working towards.

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Speaker 5: At the moment, we've given ourselves till the end of

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Speaker 5: next year, we're not too sure whether we want to

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Speaker 5: head off traveling again for time. At this stage, I

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Speaker 5: earn enough that we should be able to go overseas

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Speaker 5: and travel full time as long as we stick to

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Speaker 5: you know, like the cheaper country. So that's an option.

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Speaker 5: Maybe we want to move somewhere else, maybe have a

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Speaker 5: second place and live six months of the year in

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Speaker 5: the warm six months of the year and the cold.

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Speaker 5: We'll just tossing up a few ideas at the moment,

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Speaker 5: but one of the goals we really want to be

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Speaker 5: mortgage free by fifty that's one thing we both really want.

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Speaker 5: That's about twelve years away. And obviously saving for whatever

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Speaker 5: is going to happen at the end of next year,

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Speaker 5: whatever that is, more travel or you know, a second

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Speaker 5: home or whatever.

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Speaker 4: So talk to me about saving and budgeting, because I

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Speaker 4: feel like to be able to achieve the lifestyle that

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Speaker 4: you have to be able to live in a home

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Speaker 4: right now and also be mortgage free by fifty, you

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Speaker 4: probably have to be pretty savvy, Like you can't just go, ah,

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Speaker 4: we just travel and do whatever we want like we

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Speaker 4: were in our early twenties.

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Speaker 2: What does that now look like like?

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Speaker 4: Are you sitting down with a spreadsheet every single day

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Speaker 4: or every single month, or are you just you know,

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Speaker 4: working it out as you go, like what's the plan,

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Speaker 4: Because saying something like oh, we want to be mortgage

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Speaker 4: free by fifty, in my head means that there must

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Speaker 4: be some kind of strategic plan at play in the background.

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Speaker 5: Yeah, we definitely. I'm all over every dollar that we spend,

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Speaker 5: probably a little obsessively. We do zero dollar budgeting, so

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Speaker 5: we give every dollar that comes into our house a job,

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Speaker 5: whether that's you know, putting at the moment where saving

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Speaker 5: a little account to save up to renew our passports

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Speaker 5: in a five years time. So we trying to keep

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Speaker 5: a little bit of money tucked aside for every single

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Speaker 5: thing that could potentially come up. So we don't have

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Speaker 5: an emergency funders such or general savings as such. We

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Speaker 5: have lots of little tiny goals all in sort of

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Speaker 5: one or two big accounts, and we yeah, keeping one

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Speaker 5: that I'm in there every day, but I am working

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Speaker 5: on it once a week minimum, because it does take

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Speaker 5: a lot of budget. You know, we live in a

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Speaker 5: really little house. Well it's barely three bedroo. It's two

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Speaker 5: bedrooms and one bathroom for the four of us with

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Speaker 5: two raucous boys. That's chaotic. We've moved regionally so that

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Speaker 5: we don't have a huge housing cost or prices that

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Speaker 5: other you know, cities have. I grew up on the

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Speaker 5: Gold Coast. There's no way we could afford to live

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Speaker 5: on the Gold Coast. Now, I buy pretty much everything

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Speaker 5: from op shops. I've got probably enough clothes to last

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Speaker 5: everyone a week. That's about it. We don't have any

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Speaker 5: excess of anything. We don't have excess food, you know, clothing.

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Speaker 5: We don't drive if we don't have to. We walk

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Speaker 5: or we ride our bikes. We're very conscious of spending

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Speaker 5: more than we absolutely have to. So having said that,

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Speaker 5: I have a pensiant for takeaway coffee. We'll talk about

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Speaker 5: that later.

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Speaker 4: But you know, I feel like everyone's got something right,

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Speaker 4: you've got to have something you cannot And I'm glad

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Speaker 4: that you said that, because I'm like, this woman is incredible,

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Speaker 4: Like she's budgeting, she's saving, like she's doing zero dollars budgeting,

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Speaker 4: Like this is crazy. And then you're like and the coffees.

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Speaker 4: I'm like, okay, it is a bit relatable, Like this

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Speaker 4: is good, this is good.

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Speaker 2: So tell me.

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Speaker 4: About this idea of no excess of anything. I love

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Speaker 4: that concept. Is that a way that you've always lived

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Speaker 4: or is this something that when you decided to sell

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Speaker 4: up shop and get rid of everything and travel for

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Speaker 4: the first time. You got rid of everything, because I

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Speaker 4: feel like for me to be able to get rid

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Speaker 4: of everything and travel, that just sounds like an admin nightmare.

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Speaker 5: We it was. It definitely wasn't admid nightmare. I was

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Speaker 5: never very into like clothes or anything like that. So

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Speaker 5: we didn't have heaps of stuff, but we had a

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Speaker 5: normal family amount of things.

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Speaker 2: Right one hundred percent.

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Speaker 5: So when we got our caravan, we only had about

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Speaker 5: one hundred and fifty kilos of stuff that we could

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Speaker 5: put in. That included like bedding, gas bottles, saucepans, everything,

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Speaker 5: and that adds up very quickly. And we lived for

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Speaker 5: a year like that. And so when we moved into

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Speaker 5: our house, we were like, we really don't need all of

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Speaker 5: the things. We don't need, you know, three fry pans.

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Speaker 5: It's nice to have, but we don't need them. You know,

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Speaker 5: I don't need well, no, I need an air fry

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Speaker 5: That's the one thing I missed the whole time we

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Speaker 5: were away.

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Speaker 4: Can you fit an air fryer? I feel like you

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Speaker 4: could fit an air fryer in a caravan. I feel

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Speaker 4: like that's a good idea.

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Speaker 5: Yes, we only had twelve volts, so all along I

364
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Speaker 5: was like, quick find power and you know, plug something

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Speaker 5: in and just quickly eat sup and then get rid

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Speaker 5: of it again.

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Speaker 4: What type of stuff have you accumulated excess of? You

368
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Speaker 4: were saying before, like, well, we have some stuff we

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Speaker 4: don't need, Like, I don't think I've ever thought about

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Speaker 4: that in my house. I'm like, I need my stuff,

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Speaker 4: please don't take it away. Like do you look through

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Speaker 4: your house now and go we don't need that and

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Speaker 4: want to get rid of it?

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Speaker 5: Yes, I mean I know. It's totally change my mindset.

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Speaker 5: My husband hates it because he likes having things. So

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Speaker 5: I'm like, why have we got eight towls? We don't

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Speaker 5: need eight towels. Let's get rid of four of them.

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Speaker 5: Let's donate them. He's like, could we just not? Can

379
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Speaker 5: we just have towers? Is that okay? And we have

380
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Speaker 5: a lot of books. That's one that you can't take

381
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Speaker 5: those obviously in the caravan. They're way too heavy. So

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Speaker 5: we're both readers, so we've got stacks of books. I'm like,

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Speaker 5: these are unnecessary, but I'm not going to get rid

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Speaker 5: of them till we leave again.

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Speaker 2: That's so fair.

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Speaker 4: Are you putting things in storage when you're traveling or

387
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Speaker 4: are you literally getting rid of it and then you know,

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Speaker 4: accumulating stuff when you park again.

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Speaker 5: When we left for our chapran Australia, we got rid

390
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Speaker 5: of everything. It was mostly stuff that we both had

391
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Speaker 5: before we got married, and it was really old. I've

392
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Speaker 5: been together for like twelve years, so it was oldest

393
00:18:35,400 --> 00:18:37,720
Speaker 5: stuff and it was due for replacement. So we gave

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Speaker 5: it away to a young lady who was moving into

395
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Speaker 5: her first rental. That felt like a nice thing to

396
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Speaker 5: do this time. If we leave, I would say, we'll

397
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Speaker 5: probably rent our house out furnished, just to save the

398
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Speaker 5: drama of trying to move a couch and all those things.

399
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Speaker 5: But it's definitely changed out. Before I would have been like,

400
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Speaker 5: I don't want to rent my house that was furniture

401
00:18:59,160 --> 00:19:01,959
Speaker 5: in it. I don't want someone sleeping on my couch

402
00:19:02,000 --> 00:19:03,840
Speaker 5: and stuff like that. And now I'm like, eh, it's

403
00:19:03,880 --> 00:19:07,240
Speaker 5: just a couch, like he cas. It's replaceable if you

404
00:19:07,280 --> 00:19:09,639
Speaker 5: really need it, or you can just have memories. You know,

405
00:19:09,720 --> 00:19:12,120
Speaker 5: that's fine too. So it's changed the way we look

406
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Speaker 5: at things that aren't essential, you know.

407
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Speaker 2: I love that.

408
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Speaker 4: I feel like it's a really healthy mindset shift. Like

409
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Speaker 4: going from feeling like maybe you don't have the life

410
00:19:22,119 --> 00:19:24,320
Speaker 4: you want now having the life you want and realizing

411
00:19:24,359 --> 00:19:27,359
Speaker 4: it was never about stuff but more about experiences is

412
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Speaker 4: something I think we can all learn from. Like there's

413
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Speaker 4: this great quote that says, if you're not content with

414
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Speaker 4: what you already have, more stuff is not going to

415
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Speaker 4: make you more content, And I just think you're living

416
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Speaker 4: that and that's really cool.

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Speaker 5: Yeah, I think it's served us well here. The little

418
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Speaker 5: town that we live in is a mining town, so

419
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Speaker 5: as you can imagine, there's lots of people with lots

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Speaker 5: of money. Some of the houses are stunning, Like I mean,

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Speaker 5: I wouldn't say no to one of those houses if

422
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Speaker 5: someone gave me one, but I don't feel the need

423
00:19:56,680 --> 00:19:59,920
Speaker 5: to have it where I think it is very ingred

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Speaker 5: in our culture to have the biggest upgrade things, you know,

425
00:20:03,560 --> 00:20:06,720
Speaker 5: like upgrade the car and upgrade your house. And not

426
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Speaker 5: that there's anything wrong with that, but I love that

427
00:20:09,080 --> 00:20:11,040
Speaker 5: I don't feel the need to do that because it

428
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Speaker 5: just takes the pressure off. You'm not worried about it.

429
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Speaker 2: Oh totally.

430
00:20:14,440 --> 00:20:16,359
Speaker 4: I think it's so healthy. All right, let's go to

431
00:20:16,400 --> 00:20:18,200
Speaker 4: a really quick break. On the flip side, I want

432
00:20:18,240 --> 00:20:19,960
Speaker 4: to talk to you a little bit more about this

433
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Speaker 4: mortgage free by fifty. I want to talk about investing,

434
00:20:23,080 --> 00:20:25,000
Speaker 4: I want to talk about your debts, and then I

435
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Speaker 4: also want to talk about this coffee habit you mentioned,

436
00:20:27,280 --> 00:20:28,840
Speaker 4: because I feel like that's going to make this a

437
00:20:28,880 --> 00:20:30,000
Speaker 4: little bit more relatable.

438
00:20:30,040 --> 00:20:36,080
Speaker 2: So guys, don't go anywhere Money Diarist.

439
00:20:36,240 --> 00:20:38,439
Speaker 4: We are back, and I just feel like this has

440
00:20:38,480 --> 00:20:42,600
Speaker 4: been such a fun chat and to get to mortgage

441
00:20:42,600 --> 00:20:45,560
Speaker 4: free by fifty is a pretty big goal, right, Like

442
00:20:45,640 --> 00:20:48,359
Speaker 4: you've set this. I know that you are a spreadsheeting queen.

443
00:20:48,480 --> 00:20:50,520
Speaker 4: But before we get into me asking you about your

444
00:20:50,520 --> 00:20:52,040
Speaker 4: investments and how you're doing.

445
00:20:51,840 --> 00:20:54,359
Speaker 2: That, how did you start budgeting?

446
00:20:54,760 --> 00:20:57,359
Speaker 4: Like your spreadsheet that you said you're going into on

447
00:20:57,400 --> 00:20:59,840
Speaker 4: a daily basis and then working on every week is

448
00:21:00,080 --> 00:21:00,560
Speaker 4: on your phone?

449
00:21:00,600 --> 00:21:01,520
Speaker 2: Is it on a laptop?

450
00:21:01,640 --> 00:21:01,720
Speaker 5: Like?

451
00:21:02,040 --> 00:21:04,639
Speaker 4: How are you managing this? And did you download something

452
00:21:04,720 --> 00:21:05,960
Speaker 4: like where are we beginning?

453
00:21:06,040 --> 00:21:07,840
Speaker 5: Yes? So it's actually it's not a spreadsheet, it's an

454
00:21:07,880 --> 00:21:09,560
Speaker 5: app that I use. I wasn't too sure if I

455
00:21:09,560 --> 00:21:10,520
Speaker 5: should mention another.

456
00:21:10,680 --> 00:21:13,440
Speaker 2: Oh, you can mention anything. What app is it?

457
00:21:13,560 --> 00:21:16,280
Speaker 5: I use a wine app? Which is since you need

458
00:21:16,320 --> 00:21:16,840
Speaker 5: a budget.

459
00:21:17,160 --> 00:21:20,080
Speaker 2: I've heard this is fantastic.

460
00:21:19,560 --> 00:21:23,560
Speaker 5: It's incredible. I downloaded it by chance when I was

461
00:21:23,560 --> 00:21:25,600
Speaker 5: pregnant with my eldest. By the way, he's asked me

462
00:21:25,640 --> 00:21:28,639
Speaker 5: to give him a shout out if that's okay, Hello Darla.

463
00:21:29,160 --> 00:21:31,480
Speaker 2: He can have as many shout outs as he wants.

464
00:21:31,720 --> 00:21:34,840
Speaker 5: Hi, don't forget mum, please mention me.

465
00:21:36,040 --> 00:21:37,520
Speaker 2: Oh of course angel.

466
00:21:38,880 --> 00:21:40,920
Speaker 5: So yeah, when I was pregnant with him, I was like, well,

467
00:21:40,920 --> 00:21:44,480
Speaker 5: our income's about to be terrible, so let's look into

468
00:21:44,560 --> 00:21:47,080
Speaker 5: every kind of budgeting that we can. So I came

469
00:21:47,080 --> 00:21:49,320
Speaker 5: across the Wine Up podcast, and then of course I

470
00:21:49,359 --> 00:21:51,440
Speaker 5: came across your podcast and or not. It went from

471
00:21:51,440 --> 00:21:53,760
Speaker 5: there and the app the Wine Up has has been

472
00:21:54,200 --> 00:21:57,000
Speaker 5: like a game change of us, combined with all the

473
00:21:57,040 --> 00:22:00,640
Speaker 5: other you know, verbal resources that we've got on podcas

474
00:22:00,880 --> 00:22:03,479
Speaker 5: and it really just really looks at making sure that

475
00:22:03,520 --> 00:22:06,080
Speaker 5: you've got enough money to do what you need it

476
00:22:06,119 --> 00:22:08,040
Speaker 5: to do until the next time you get paid, which

477
00:22:08,080 --> 00:22:10,720
Speaker 5: I find is specially helpful when you have a variable income.

478
00:22:11,480 --> 00:22:14,320
Speaker 5: So I have that app. Yeah, that app is with

479
00:22:14,440 --> 00:22:17,439
Speaker 5: me all the time. My husband has like obviously has

480
00:22:17,480 --> 00:22:19,359
Speaker 5: access to it, but he can see it live. So

481
00:22:19,400 --> 00:22:22,000
Speaker 5: if I change something, he can see it and vice versa.

482
00:22:22,119 --> 00:22:25,680
Speaker 4: Oh, that's actually really helpful because so many people ask

483
00:22:25,760 --> 00:22:28,400
Speaker 4: us questions about apps and I'm like, well, I don't

484
00:22:28,400 --> 00:22:30,920
Speaker 4: really know. We used to have pocketbook that went away,

485
00:22:31,240 --> 00:22:34,240
Speaker 4: Like people talk about why NAB, but I haven't used it.

486
00:22:34,359 --> 00:22:36,800
Speaker 4: And one of the main questions is I want to

487
00:22:36,800 --> 00:22:38,080
Speaker 4: have a budget, but I want to be able to

488
00:22:38,080 --> 00:22:40,240
Speaker 4: share it with my partner or like we can edit

489
00:22:40,280 --> 00:22:41,280
Speaker 4: it and see what's going on.

490
00:22:41,320 --> 00:22:42,600
Speaker 2: That is great feedback.

491
00:22:42,720 --> 00:22:44,960
Speaker 5: Yeah, it's great, and I think you can actually add.

492
00:22:45,520 --> 00:22:47,240
Speaker 5: Don't quote because we don't use it, but I think

493
00:22:47,280 --> 00:22:49,520
Speaker 5: you can add like your kids and they cannot see

494
00:22:49,560 --> 00:22:51,879
Speaker 5: your budget, but they can have access to their own

495
00:22:51,920 --> 00:22:54,160
Speaker 5: within your family. I'm not too sure how that we.

496
00:22:54,160 --> 00:22:56,800
Speaker 2: Well, dad is cool. I will look into this.

497
00:22:58,400 --> 00:23:00,600
Speaker 5: Yeah, it's been a life saver for us really, And

498
00:23:00,760 --> 00:23:02,520
Speaker 5: apart from that, I love my numbers, so a lot

499
00:23:02,560 --> 00:23:04,760
Speaker 5: of it sits in my head because I just enjoy

500
00:23:04,880 --> 00:23:06,959
Speaker 5: doing maths all day walking around the house.

501
00:23:07,880 --> 00:23:10,080
Speaker 4: You're preaching to the converted, Like, I'm not going to

502
00:23:10,119 --> 00:23:12,280
Speaker 4: think you're crazy for that. I would actually be like,

503
00:23:12,520 --> 00:23:14,639
Speaker 4: call me, tell me what you're up to.

504
00:23:15,760 --> 00:23:18,199
Speaker 5: Especially I try to do like compounding interest sums in

505
00:23:18,200 --> 00:23:19,879
Speaker 5: my head, I'm like, just do it on the computer.

506
00:23:20,200 --> 00:23:22,399
Speaker 2: Oh, that's actually a little bit complicated.

507
00:23:22,720 --> 00:23:24,760
Speaker 4: After the first year, I'm like, this isn't going to

508
00:23:24,840 --> 00:23:26,040
Speaker 4: work in my head anymore.

509
00:23:27,760 --> 00:23:31,639
Speaker 5: Yeah, So using that up really showed us where we

510
00:23:31,720 --> 00:23:34,960
Speaker 5: have not excess money because it doesn't allow for excess money.

511
00:23:35,000 --> 00:23:36,600
Speaker 5: It gives every dollar a job, but it allows you

512
00:23:36,640 --> 00:23:39,080
Speaker 5: to see where you can move in your budget to

513
00:23:40,000 --> 00:23:42,560
Speaker 5: put extra money towards your mortgage. So at the moment

514
00:23:42,600 --> 00:23:44,800
Speaker 5: we pay I think it's just strive five hundred a

515
00:23:44,800 --> 00:23:49,200
Speaker 5: week towards our mortgage. That's the minimum repayment. And then

516
00:23:49,520 --> 00:23:52,240
Speaker 5: at the moment we're doing one hundred dollars a week extra.

517
00:23:52,880 --> 00:23:57,000
Speaker 5: And as the months go on in our app, I'm like, oh,

518
00:23:57,040 --> 00:23:59,440
Speaker 5: I can pull ten dollars from that fund and ten

519
00:23:59,520 --> 00:24:01,880
Speaker 5: dollars from that and I can just save eight dollars

520
00:24:01,920 --> 00:24:04,480
Speaker 5: a week instead of ten dollars for our passport, So

521
00:24:04,520 --> 00:24:08,160
Speaker 5: that gives two dollars more for our mortgage. So each

522
00:24:08,280 --> 00:24:11,400
Speaker 5: three months, we're going to add another fifty dollars per

523
00:24:11,440 --> 00:24:13,280
Speaker 5: week to our mortgage, if that makes sense. We're gonna

524
00:24:13,359 --> 00:24:16,639
Speaker 5: up the repayments, the extra payments by another fifty dollars

525
00:24:17,200 --> 00:24:18,639
Speaker 5: until we sort of get to the point where we're like,

526
00:24:18,640 --> 00:24:20,800
Speaker 5: I got no more WIGOROUM for now, I would just

527
00:24:20,880 --> 00:24:23,000
Speaker 5: have to stop there. And I'm thinking that I'll be

528
00:24:23,080 --> 00:24:27,960
Speaker 5: at around three fifty four hundred extra a week. I've

529
00:24:27,960 --> 00:24:30,720
Speaker 5: worked that at that should get us done by.

530
00:24:30,760 --> 00:24:33,640
Speaker 4: Fifty which is very cool because I think so many

531
00:24:33,680 --> 00:24:36,359
Speaker 4: people like I love the way you're talking about this

532
00:24:36,400 --> 00:24:40,240
Speaker 4: as well, because you're like using numbers that are really relatable.

533
00:24:40,240 --> 00:24:42,200
Speaker 4: You're like, okay, cool, well if I move ten dollars here,

534
00:24:42,240 --> 00:24:44,119
Speaker 4: like I'll be able to save eight dollars here, Like

535
00:24:44,520 --> 00:24:47,159
Speaker 4: those small things add up, and you've probably looked at

536
00:24:47,240 --> 00:24:50,880
Speaker 4: all of the mortgage calculators online, but these little amounts

537
00:24:50,920 --> 00:24:54,400
Speaker 4: do genuinely add up. So like ten dollars here in there,

538
00:24:54,600 --> 00:24:57,840
Speaker 4: if you're not in this budgeting space, you might think, oh,

539
00:24:57,880 --> 00:25:00,840
Speaker 4: that's like you know, a coffee or two, that doesn't matter,

540
00:25:01,000 --> 00:25:03,280
Speaker 4: like why would I bother putting that on my mortgage.

541
00:25:03,280 --> 00:25:05,040
Speaker 4: But at the end of the day, these little amounts

542
00:25:05,119 --> 00:25:07,879
Speaker 4: add up over time, and you're going to end up

543
00:25:07,880 --> 00:25:11,920
Speaker 4: paying your mortgage off sooner than other people in similar situations,

544
00:25:12,000 --> 00:25:16,359
Speaker 4: just because these do have compounding impacts, right, So how

545
00:25:16,440 --> 00:25:20,080
Speaker 4: have you seen these small amounts start to impact you

546
00:25:20,200 --> 00:25:22,399
Speaker 4: being able to pay off your mortgage sooner, because like

547
00:25:22,480 --> 00:25:24,439
Speaker 4: being able to pay a couple of one hundred dollars

548
00:25:24,480 --> 00:25:28,440
Speaker 4: off from all those small steps is actually a massive feat.

549
00:25:28,680 --> 00:25:31,320
Speaker 5: I think it's just mostly about being conscious of it.

550
00:25:31,359 --> 00:25:33,399
Speaker 5: And when you've got a card in your hand and

551
00:25:33,520 --> 00:25:36,560
Speaker 5: no record of what you're spending other than a bank statement,

552
00:25:36,600 --> 00:25:38,920
Speaker 5: it's so easy that you just lose five dollars here

553
00:25:38,920 --> 00:25:43,160
Speaker 5: and ten dollars there, and if you actually see it,

554
00:25:43,520 --> 00:25:46,880
Speaker 5: you know, moving from this account where you can spend

555
00:25:46,920 --> 00:25:50,000
Speaker 5: it to an account where you don't want to spend it,

556
00:25:50,080 --> 00:25:54,600
Speaker 5: so onto your mortgage. It's like that positive feedback loop, right,

557
00:25:54,600 --> 00:25:56,000
Speaker 5: You're like, oh, that feels good. I'm going to do

558
00:25:56,040 --> 00:25:59,399
Speaker 5: that again and again and again, and every single time

559
00:25:59,800 --> 00:26:04,040
Speaker 5: just feels Yeah. We really are enjoying putting money on

560
00:26:04,160 --> 00:26:07,199
Speaker 5: the mortgage because it's a tangible asset I suppose for us,

561
00:26:07,200 --> 00:26:09,760
Speaker 5: and we're like, oh, we can touch it and it's there.

562
00:26:10,040 --> 00:26:14,840
Speaker 5: You know, if when we're got little kids it feels safer,

563
00:26:15,119 --> 00:26:17,840
Speaker 5: it will probably because it is, you know. Yeah, So

564
00:26:18,280 --> 00:26:21,680
Speaker 5: we're just really giving ourselves positive feedback and it's yeah,

565
00:26:21,880 --> 00:26:22,840
Speaker 5: helping immensely.

566
00:26:23,119 --> 00:26:24,199
Speaker 2: Yeah, I love that.

567
00:26:24,400 --> 00:26:27,680
Speaker 4: So with this idea to have your mortgage gone by fifty,

568
00:26:27,760 --> 00:26:30,359
Speaker 4: are you investing if so in what what's the plan

569
00:26:30,400 --> 00:26:30,879
Speaker 4: around that?

570
00:26:31,040 --> 00:26:33,880
Speaker 5: Yeah, so we use Pearler. We at the moment, we're

571
00:26:33,920 --> 00:26:36,159
Speaker 5: not investing as much as we have in the past,

572
00:26:36,680 --> 00:26:40,080
Speaker 5: and that for us, the Pearler account is mostly being

573
00:26:40,160 --> 00:26:43,159
Speaker 5: used to save to do some investing for our kids.

574
00:26:43,800 --> 00:26:47,000
Speaker 5: So my folks give them like ten dollars each week

575
00:26:47,040 --> 00:26:49,560
Speaker 5: and we put that into a Pearler account for them

576
00:26:50,080 --> 00:26:52,439
Speaker 5: and we match that. So that's what we're doing at

577
00:26:52,440 --> 00:26:54,920
Speaker 5: the moment. But in the past we've been putting more

578
00:26:55,080 --> 00:26:58,520
Speaker 5: in and then it felt like it was too much.

579
00:26:58,720 --> 00:27:00,680
Speaker 5: You know, we didn't really care he let it properly.

580
00:27:00,680 --> 00:27:02,160
Speaker 5: I was like, oh, yeah, I'll just throw that much

581
00:27:02,200 --> 00:27:04,400
Speaker 5: in there, and I didn't really think about it properly.

582
00:27:04,760 --> 00:27:07,040
Speaker 5: I heard you on a podcast with someone else the

583
00:27:07,080 --> 00:27:09,120
Speaker 5: other day talking about this, and you're like, you better

584
00:27:09,160 --> 00:27:12,199
Speaker 5: to just take a little step rather than going gung ho,

585
00:27:12,520 --> 00:27:15,520
Speaker 5: And then like, no, I don't like it. It's too much, like.

586
00:27:16,000 --> 00:27:19,280
Speaker 4: Exactly, like baby steps in the right direction mean that

587
00:27:19,400 --> 00:27:22,719
Speaker 4: nothing becomes overwhelming, Like how many times have I like

588
00:27:22,760 --> 00:27:25,440
Speaker 4: and maybe this is just me talking from my own experience,

589
00:27:25,640 --> 00:27:27,879
Speaker 4: like and being a little bit adhd.

590
00:27:27,960 --> 00:27:29,119
Speaker 2: I'm like, all right, well now.

591
00:27:29,000 --> 00:27:31,600
Speaker 4: I'm really passionate about this hobby, and like I go

592
00:27:31,720 --> 00:27:33,879
Speaker 4: boots and all in. In the week after, I'm like, I

593
00:27:33,920 --> 00:27:36,880
Speaker 4: didn't really like that. So I think that we need

594
00:27:36,920 --> 00:27:39,679
Speaker 4: to like test the borders and see what happens. And

595
00:27:40,000 --> 00:27:42,320
Speaker 4: you know, if you're putting too much into it, like

596
00:27:42,359 --> 00:27:45,200
Speaker 4: and it's impacting the rest of your world, Like that's

597
00:27:45,240 --> 00:27:48,119
Speaker 4: not positive. And I know that investing for kids is

598
00:27:48,160 --> 00:27:50,639
Speaker 4: so important, and like I adore that you're doing that,

599
00:27:51,000 --> 00:27:54,040
Speaker 4: But one of the best ways to put their financial

600
00:27:54,080 --> 00:27:57,159
Speaker 4: security and their financial future first is to invest in

601
00:27:57,200 --> 00:28:00,920
Speaker 4: yourselves and pay off your mortgage and be financially secure

602
00:28:01,000 --> 00:28:03,359
Speaker 4: and role model that because they're more likely to be

603
00:28:03,480 --> 00:28:06,679
Speaker 4: financially secure in the future, not just because you know,

604
00:28:06,720 --> 00:28:08,760
Speaker 4: when they got to eighteen they had a little trust

605
00:28:08,760 --> 00:28:11,159
Speaker 4: fund of some cash that they could blow. Like, I

606
00:28:11,200 --> 00:28:14,720
Speaker 4: think it's the behaviors and it's you know, the underlying

607
00:28:15,040 --> 00:28:17,640
Speaker 4: tone of money that you teach that is so much

608
00:28:17,640 --> 00:28:20,480
Speaker 4: more important than what you can invest. But still, like,

609
00:28:20,560 --> 00:28:23,280
Speaker 4: investing is clearly very important, and I don't know a

610
00:28:23,280 --> 00:28:25,520
Speaker 4: passion project of mine if you hadn't picked up on that.

611
00:28:25,640 --> 00:28:27,960
Speaker 5: No, I mean your podcast is what taught me about

612
00:28:28,000 --> 00:28:30,879
Speaker 5: I was like, you're investing in oh etsaw, that sounds

613
00:28:30,880 --> 00:28:32,560
Speaker 5: scary when we're on the road. I was like, I

614
00:28:32,720 --> 00:28:35,160
Speaker 5: just binged your podcast traveling.

615
00:28:35,280 --> 00:28:39,560
Speaker 2: Oh so I've been around Australia too, you have. I'm

616
00:28:39,640 --> 00:28:40,320
Speaker 2: so lucky.

617
00:28:40,800 --> 00:28:43,080
Speaker 5: I was like, why is on my internet working? Victoria's

618
00:28:43,080 --> 00:28:44,840
Speaker 5: halfway through a podcast. I'm not happy about this.

619
00:28:46,240 --> 00:28:47,080
Speaker 2: I'm sorry about that.

620
00:28:47,320 --> 00:28:49,760
Speaker 4: Sorry, So you've got to download the whole episode to

621
00:28:49,800 --> 00:28:51,320
Speaker 4: make sure that it doesn't cut out.

622
00:28:51,520 --> 00:28:55,760
Speaker 5: Yes, but yeah, And so I was like, okay, well

623
00:28:55,760 --> 00:28:57,560
Speaker 5: we can do that. We can just check ten dollars

624
00:28:57,600 --> 00:29:00,360
Speaker 5: in here and there. And it's really addictive when it

625
00:29:00,400 --> 00:29:02,320
Speaker 5: going up. I'm like, oh my gosh, this is we

626
00:29:02,360 --> 00:29:03,600
Speaker 5: went a little bit too hard.

627
00:29:04,080 --> 00:29:05,960
Speaker 4: But that's okay, because like you were able to pull

628
00:29:06,040 --> 00:29:08,080
Speaker 4: back a bit and now you kind of know your

629
00:29:08,120 --> 00:29:10,240
Speaker 4: limits and what you're working on. And I think that

630
00:29:10,280 --> 00:29:11,480
Speaker 4: that's a good learning as well.

631
00:29:11,680 --> 00:29:13,960
Speaker 5: Yeah, I think too. I know one of the questions

632
00:29:13,960 --> 00:29:16,080
Speaker 5: you're going to ask is like, what it's one of

633
00:29:16,080 --> 00:29:18,200
Speaker 5: your good money habits, and that sort of ties into it.

634
00:29:18,200 --> 00:29:20,239
Speaker 5: I'm like, we've become really good at working at what

635
00:29:20,240 --> 00:29:23,560
Speaker 5: our priorities are. I think, and you know, at the moment,

636
00:29:23,600 --> 00:29:26,240
Speaker 5: our priority is a time with our kids and having

637
00:29:26,280 --> 00:29:30,600
Speaker 5: a fund to travel, and also them having a safe

638
00:29:30,640 --> 00:29:34,080
Speaker 5: place to live always. So we're able to do those

639
00:29:34,120 --> 00:29:36,360
Speaker 5: three things not much more, but that's what we're able

640
00:29:36,400 --> 00:29:38,680
Speaker 5: to do right now, and we can just be happy

641
00:29:38,720 --> 00:29:41,240
Speaker 5: with that, and that's great. Like, I love that we

642
00:29:41,280 --> 00:29:42,360
Speaker 5: can just be comfortable with that.

643
00:29:42,520 --> 00:29:43,800
Speaker 2: I adore that so much.

644
00:29:44,000 --> 00:29:47,600
Speaker 4: And just the idea that your priority is to give

645
00:29:47,640 --> 00:29:51,560
Speaker 4: your kids a safe space, like is a much bigger

646
00:29:51,600 --> 00:29:55,240
Speaker 4: concept than you probably imagine it to be. Like so

647
00:29:55,320 --> 00:29:57,600
Speaker 4: many people would just take that for granted. But then

648
00:29:57,600 --> 00:29:59,600
Speaker 4: on the flip side, so many people will be saying,

649
00:29:59,680 --> 00:30:02,920
Speaker 4: I I just had that, Like that is honestly so

650
00:30:03,120 --> 00:30:06,320
Speaker 4: special and like it's honestly one of my biggest goals

651
00:30:06,360 --> 00:30:09,239
Speaker 4: is to just always be that safe place. And to

652
00:30:09,440 --> 00:30:11,560
Speaker 4: do that, you actually have to have a good hold

653
00:30:11,600 --> 00:30:13,880
Speaker 4: of your financial literacy. You have to have a good

654
00:30:13,880 --> 00:30:16,200
Speaker 4: hold of your investing because otherwise you're not able to

655
00:30:16,240 --> 00:30:21,480
Speaker 4: create that sustainably. So tell me a bit more about debt.

656
00:30:21,520 --> 00:30:24,240
Speaker 4: I want to know you mentioned your mortgage. How much

657
00:30:24,320 --> 00:30:26,200
Speaker 4: is your mortgage? What are we paying off? Do we

658
00:30:26,240 --> 00:30:29,200
Speaker 4: have any other debts floating around? How do we feel

659
00:30:29,200 --> 00:30:29,640
Speaker 4: about it?

660
00:30:29,680 --> 00:30:32,640
Speaker 5: So we've got our mortgage which is three fifty just

661
00:30:32,680 --> 00:30:35,680
Speaker 5: to touch over that, so I think, yeah, our payments

662
00:30:35,680 --> 00:30:39,600
Speaker 5: that just shire five hundred a week and that I mean,

663
00:30:39,640 --> 00:30:42,880
Speaker 5: I've got hecteat. I try not to I think about it,

664
00:30:42,920 --> 00:30:44,560
Speaker 5: but I'm sort of like, I'm not going to stress

665
00:30:44,600 --> 00:30:47,520
Speaker 5: about it. So far, I haven't earned enough to need

666
00:30:47,560 --> 00:30:49,160
Speaker 5: to pay it, like since I've had the kids. So

667
00:30:49,200 --> 00:30:52,720
Speaker 5: I'm just like, I'll deal with that problem maybe one day.

668
00:30:52,960 --> 00:30:55,160
Speaker 2: Honestly. Yeah, I'm on your team for that one.

669
00:30:55,320 --> 00:30:58,840
Speaker 5: Yeah, that's it. No other debts. We have talked about

670
00:30:58,920 --> 00:31:01,360
Speaker 5: getting a credit card to you use it like a

671
00:31:01,440 --> 00:31:03,720
Speaker 5: you know, to pay our bills on it and then

672
00:31:04,240 --> 00:31:06,080
Speaker 5: have our money in our read or account for our

673
00:31:06,160 --> 00:31:08,240
Speaker 5: mortgage and just save a bit of interest that way.

674
00:31:08,680 --> 00:31:11,880
Speaker 5: We're both very like nervous about that because we don't

675
00:31:12,240 --> 00:31:16,680
Speaker 5: want to have any other depths or you know, anything

676
00:31:16,720 --> 00:31:18,360
Speaker 5: like that. And even though we know it would get

677
00:31:18,400 --> 00:31:21,120
Speaker 5: paid off, it's still a bit risky for us. So

678
00:31:22,080 --> 00:31:24,000
Speaker 5: that's it. That's us, very basic.

679
00:31:25,120 --> 00:31:27,000
Speaker 4: No, But I love that and I feel like it's

680
00:31:27,040 --> 00:31:29,880
Speaker 4: a good consideration to have because for so many people,

681
00:31:30,240 --> 00:31:32,760
Speaker 4: a credit card is something that is a slippery slope,

682
00:31:32,840 --> 00:31:34,240
Speaker 4: and you've kind of got to know your limits and

683
00:31:34,240 --> 00:31:37,280
Speaker 4: you go maybe like the benefits don't outweigh the risk,

684
00:31:37,880 --> 00:31:39,800
Speaker 4: And to be honest, I like.

685
00:31:39,800 --> 00:31:42,080
Speaker 2: Being a little bit conservative. I don't care if it's

686
00:31:42,120 --> 00:31:43,800
Speaker 2: a bit boring, that's fine by me.

687
00:31:44,560 --> 00:31:47,720
Speaker 4: Now, you told me before about your good money habits,

688
00:31:47,720 --> 00:31:51,520
Speaker 4: which I adore, but you also mentioned coffee. Do you

689
00:31:51,600 --> 00:31:53,480
Speaker 4: have any other bad habits?

690
00:31:53,560 --> 00:31:56,160
Speaker 2: What are they? How are you working through them?

691
00:31:56,280 --> 00:31:58,120
Speaker 4: Can you just have a little bit of a confession

692
00:31:58,120 --> 00:31:59,880
Speaker 4: with us, because I feel like you've been too good too.

693
00:32:00,360 --> 00:32:04,000
Speaker 5: Oh no, I'm definitely not good. I think probably the

694
00:32:04,080 --> 00:32:07,200
Speaker 5: nerves got Jimmy. So my husband does on call as well,

695
00:32:07,640 --> 00:32:11,960
Speaker 5: and we don't use those callouts as a predictable sort

696
00:32:11,960 --> 00:32:14,080
Speaker 5: of budget, like, oh, next month, we should don't x

697
00:32:14,120 --> 00:32:17,720
Speaker 5: amount because it's sort of unpredictable and well, I don't

698
00:32:17,720 --> 00:32:20,360
Speaker 5: know if it's a bad habit, but we certainly don't

699
00:32:20,640 --> 00:32:22,760
Speaker 5: put that to as good use as we could. You know,

700
00:32:23,040 --> 00:32:24,960
Speaker 5: it's quite a fair bit of money if he does

701
00:32:25,000 --> 00:32:27,560
Speaker 5: even one call out. I'm like, that's a significant amount

702
00:32:27,560 --> 00:32:30,000
Speaker 5: of forbody that we could put jars, our mortgage or whatever.

703
00:32:30,040 --> 00:32:32,040
Speaker 5: But we're like, oh, we aren't it. We need to

704
00:32:32,120 --> 00:32:34,720
Speaker 5: go away for the weekend, Like we haven't. There's two

705
00:32:34,800 --> 00:32:38,320
Speaker 5: hundred and something dollars for you know whatever, let's go

706
00:32:38,400 --> 00:32:42,920
Speaker 5: get expensive ice cream and take the kids to time zone.

707
00:32:43,520 --> 00:32:45,960
Speaker 5: So I sometimes feel like we should probably rain that

708
00:32:46,040 --> 00:32:48,360
Speaker 5: in a little bit, but you know, the mum, part

709
00:32:48,400 --> 00:32:50,480
Speaker 5: of my brain's life, we have to enjoy ourselves.

710
00:32:50,720 --> 00:32:53,520
Speaker 4: Kids are only young once, Like there's going to be

711
00:32:53,560 --> 00:32:55,840
Speaker 4: a period of time where you go, kids, do you

712
00:32:55,880 --> 00:32:57,880
Speaker 4: want to go to time zone? And they go, no, Mum,

713
00:32:57,960 --> 00:33:01,040
Speaker 4: that's lame, Like I don't want that to happen yet

714
00:33:01,080 --> 00:33:01,680
Speaker 4: for my son.

715
00:33:01,840 --> 00:33:02,680
Speaker 2: So I don't know.

716
00:33:02,760 --> 00:33:04,240
Speaker 4: I feel like you need to make hay while the

717
00:33:04,280 --> 00:33:06,200
Speaker 4: sun is shining as well, Like we've got to live

718
00:33:06,240 --> 00:33:08,160
Speaker 4: a little as well and enjoy the journey.

719
00:33:08,280 --> 00:33:10,840
Speaker 5: Yeah, I mean we have I suppose built into it

720
00:33:10,920 --> 00:33:13,120
Speaker 5: income already. We have like that fun money. So I'm

721
00:33:13,120 --> 00:33:15,280
Speaker 5: just like, oh, I look at this bonus fun money,

722
00:33:15,320 --> 00:33:17,000
Speaker 5: which I think we're gonna have to sit down and

723
00:33:17,040 --> 00:33:19,360
Speaker 5: be like, okay, let's be as somewhat more intentional. Maybe

724
00:33:19,400 --> 00:33:23,000
Speaker 5: half of those call out you know, extra money can

725
00:33:23,080 --> 00:33:26,120
Speaker 5: be fun and half can be towards our travel goals

726
00:33:26,200 --> 00:33:28,760
Speaker 5: or whatever, so it's definitely a jog. Although you know

727
00:33:28,840 --> 00:33:30,640
Speaker 5: you're like, I just want to hang out with my kids.

728
00:33:30,640 --> 00:33:34,320
Speaker 5: They're fun. Like my six year old is so much fun.

729
00:33:34,360 --> 00:33:36,520
Speaker 5: He's a wild and he loves does though I.

730
00:33:36,520 --> 00:33:40,480
Speaker 4: Feel like nobody talks about this enough, Like you always

731
00:33:40,520 --> 00:33:42,720
Speaker 4: get the people that are like, just wait until they're

732
00:33:42,720 --> 00:33:45,400
Speaker 4: fore just wait until they're six, Oh, just wait until

733
00:33:45,440 --> 00:33:48,680
Speaker 4: they're a teenager, And like, I don't know, hanging out

734
00:33:48,680 --> 00:33:51,440
Speaker 4: with my nearly one year old is so fun, Like

735
00:33:51,680 --> 00:33:54,160
Speaker 4: he is the best, and like every day I feel

736
00:33:54,200 --> 00:33:56,480
Speaker 4: like he just gets better. So I can just imagine,

737
00:33:56,480 --> 00:33:59,520
Speaker 4: like when he's six, that would be the most fun.

738
00:34:00,160 --> 00:34:02,320
Speaker 4: I don't know. I feel like having kids, if that

739
00:34:02,480 --> 00:34:05,960
Speaker 4: was like a choice that you made, is a privilege obviously,

740
00:34:06,080 --> 00:34:08,319
Speaker 4: but like, just wait until they want to hang out

741
00:34:08,360 --> 00:34:08,640
Speaker 4: with you.

742
00:34:09,160 --> 00:34:09,440
Speaker 2: Now.

743
00:34:09,600 --> 00:34:11,879
Speaker 4: At the start of this episode, you said, look, they

744
00:34:11,960 --> 00:34:13,840
Speaker 4: I reckon. I'm a B minus and I was like, okay,

745
00:34:13,840 --> 00:34:15,560
Speaker 4: tell me about it, and then you went on about

746
00:34:15,560 --> 00:34:18,719
Speaker 4: how you literally live in line with your values and

747
00:34:18,760 --> 00:34:20,640
Speaker 4: your goals. You're got to pay off your mortgage by

748
00:34:20,680 --> 00:34:22,560
Speaker 4: fifty like you've got a full plan. You're like a

749
00:34:22,640 --> 00:34:26,200
Speaker 4: budgeting queen. You've introduced me properly to why NAB and

750
00:34:26,239 --> 00:34:28,440
Speaker 4: I cannot wait, Like I want to talk to you,

751
00:34:28,480 --> 00:34:30,600
Speaker 4: but I also want to get off this podcast so

752
00:34:30,640 --> 00:34:32,400
Speaker 4: I can go and download the app and play with

753
00:34:32,440 --> 00:34:36,000
Speaker 4: it myself. Like, I feel like you are a very

754
00:34:36,040 --> 00:34:39,080
Speaker 4: cool individual. You're investing for your kids. Yeah, you like

755
00:34:39,160 --> 00:34:41,719
Speaker 4: maybe overinvested a little bit and have like pulled that

756
00:34:41,800 --> 00:34:44,120
Speaker 4: back a bit, But that just tells me that you

757
00:34:44,239 --> 00:34:46,920
Speaker 4: know your limits and your budgets and what's going on.

758
00:34:48,160 --> 00:34:50,320
Speaker 2: How would you get to an A plus?

759
00:34:50,640 --> 00:34:55,239
Speaker 4: Is it about having a little bit more restraint with

760
00:34:55,280 --> 00:34:58,319
Speaker 4: your additional fun money? Like I can't think of how

761
00:34:58,360 --> 00:34:59,880
Speaker 4: you would get to an A plus, So I want

762
00:34:59,920 --> 00:35:01,680
Speaker 4: to you from you what your plan is?

763
00:35:01,840 --> 00:35:04,000
Speaker 5: Sure? I think in my twenties I earned a lot

764
00:35:04,000 --> 00:35:06,680
Speaker 5: of SUPER because my income was quite high. And then

765
00:35:06,719 --> 00:35:09,520
Speaker 5: when I took I didn't really plan on being a

766
00:35:09,560 --> 00:35:11,640
Speaker 5: state home on for those few years, but COVID had,

767
00:35:11,680 --> 00:35:14,520
Speaker 5: you know, other plans for us, and I missed out

768
00:35:14,520 --> 00:35:18,800
Speaker 5: on SUPER. We just didn't even consider my husband putting

769
00:35:18,840 --> 00:35:21,680
Speaker 5: some of his income into my SUPER just wasn't something

770
00:35:21,719 --> 00:35:24,400
Speaker 5: that came up. But he has been saying for the

771
00:35:24,440 --> 00:35:26,239
Speaker 5: last couple of years. Don't forget. We need to really

772
00:35:26,280 --> 00:35:29,120
Speaker 5: repay your super, you know, the years that you missed

773
00:35:29,160 --> 00:35:29,480
Speaker 5: out on.

774
00:35:29,560 --> 00:35:32,000
Speaker 4: So I love that that's a priority for him though,

775
00:35:32,040 --> 00:35:34,760
Speaker 4: And it's not you asking him, it's him telling you,

776
00:35:34,800 --> 00:35:35,920
Speaker 4: like king behavior.

777
00:35:36,120 --> 00:35:38,799
Speaker 5: Oh yeah, he's great like that. He did his apprenticeship

778
00:35:38,840 --> 00:35:41,040
Speaker 5: as a mature age student when I was earning heaps

779
00:35:41,040 --> 00:35:42,920
Speaker 5: of money. So it's all We've always been very like

780
00:35:43,840 --> 00:35:48,520
Speaker 5: one high and one low, like a whole relationship your team. Yeah, yeah,

781
00:35:48,560 --> 00:35:51,440
Speaker 5: for sure, it's all one fund. But I'm like, oh gosh,

782
00:35:51,600 --> 00:35:53,640
Speaker 5: I don't have as much super. I've just got just

783
00:35:53,680 --> 00:35:55,920
Speaker 5: shy of one hundred km my super and that doesn't

784
00:35:55,960 --> 00:35:58,959
Speaker 5: feel like enough. I'm thirty eight.

785
00:35:59,760 --> 00:36:02,520
Speaker 4: That's a lot of money for thirty eight, Like that's impressive.

786
00:36:02,560 --> 00:36:06,680
Speaker 4: But at the same time, I totally understand how much

787
00:36:06,719 --> 00:36:08,879
Speaker 4: you were earning before, and that would feel like you're

788
00:36:08,880 --> 00:36:09,759
Speaker 4: going backwards.

789
00:36:10,000 --> 00:36:13,080
Speaker 5: Yeah, it does. It does feel like for me. For

790
00:36:13,120 --> 00:36:14,919
Speaker 5: it to be an a plus, i'd have to Yeah,

791
00:36:15,000 --> 00:36:18,839
Speaker 5: it'd be at least another fifty grand in there, at

792
00:36:18,920 --> 00:36:23,719
Speaker 5: least at this stage. And yeah, much more mindful with

793
00:36:23,800 --> 00:36:26,719
Speaker 5: this extra money that we get from call out and

794
00:36:26,920 --> 00:36:27,560
Speaker 5: things like that.

795
00:36:27,680 --> 00:36:29,839
Speaker 4: I feel like you've got a good handle on it though,

796
00:36:30,080 --> 00:36:32,440
Speaker 4: Like I feel like you've got some really good clarity

797
00:36:32,600 --> 00:36:34,239
Speaker 4: on what you would need to do to get to

798
00:36:34,280 --> 00:36:34,840
Speaker 4: an A plus.

799
00:36:34,880 --> 00:36:36,640
Speaker 2: And sometimes you talk to people and they're.

800
00:36:36,480 --> 00:36:38,319
Speaker 4: Like, oh, I actually don't know what it would take

801
00:36:38,360 --> 00:36:40,200
Speaker 4: to get to an A plus, but you're like, oh, actually,

802
00:36:40,280 --> 00:36:41,920
Speaker 4: V so my super is here and this is what

803
00:36:42,000 --> 00:36:44,480
Speaker 4: I need. Like, I just love that you've thought of

804
00:36:44,520 --> 00:36:46,799
Speaker 4: everything and you're like, oh no, we're already having these

805
00:36:46,800 --> 00:36:49,839
Speaker 4: conversations and there's a plan in place. So basically, by

806
00:36:49,880 --> 00:36:52,160
Speaker 4: the time you're fifty and you've paid off your mortgage,

807
00:36:52,280 --> 00:36:54,160
Speaker 4: your super is probably going to be in line and

808
00:36:54,200 --> 00:36:56,000
Speaker 4: everything's going to have worked out and you're going to

809
00:36:56,040 --> 00:36:57,400
Speaker 4: be a plus fifty year olds.

810
00:36:57,400 --> 00:36:58,320
Speaker 2: That's so exciting.

811
00:36:58,480 --> 00:37:00,600
Speaker 5: Yeah, I mean it feels like a million years, doesn't it.

812
00:37:00,640 --> 00:37:03,080
Speaker 5: But every year, well, every day counts. I think I've

813
00:37:03,120 --> 00:37:06,239
Speaker 5: learned that, yeah, for sure, mostly from your podcast.

814
00:37:06,320 --> 00:37:08,560
Speaker 4: I still remember high school, Like I look back and

815
00:37:08,560 --> 00:37:10,399
Speaker 4: a go that was like only a couple of years ago,

816
00:37:10,480 --> 00:37:11,320
Speaker 4: and it wasn't.

817
00:37:11,600 --> 00:37:13,319
Speaker 2: It wasn't just a couple of years ago.

818
00:37:13,520 --> 00:37:17,400
Speaker 4: It was you know, double digits ago plus, and I

819
00:37:17,520 --> 00:37:18,000
Speaker 4: just go.

820
00:37:18,080 --> 00:37:20,759
Speaker 2: Ah, time really does fly, doesn't it.

821
00:37:21,120 --> 00:37:22,919
Speaker 5: Especially when you have kids. You're like, wait a second,

822
00:37:22,960 --> 00:37:25,520
Speaker 5: we aren't you just born yesterday? What's happened to the

823
00:37:25,600 --> 00:37:27,200
Speaker 5: last six years of my life?

824
00:37:27,920 --> 00:37:31,840
Speaker 4: Exactly exactly, But it sounds like you are absolutely making

825
00:37:31,840 --> 00:37:32,440
Speaker 4: the most of it.

826
00:37:32,520 --> 00:37:33,680
Speaker 2: I adore this story.

827
00:37:33,800 --> 00:37:36,759
Speaker 4: I love that you've shared how you've you know, been

828
00:37:36,800 --> 00:37:38,840
Speaker 4: able to travel, been able to live the lives that

829
00:37:38,880 --> 00:37:41,440
Speaker 4: you want, and not have to become millionaires to do it. Like,

830
00:37:41,480 --> 00:37:43,759
Speaker 4: I think that there's a massive misconception to have that

831
00:37:43,880 --> 00:37:47,640
Speaker 4: level of freedom you need millions or even hundreds of

832
00:37:47,680 --> 00:37:50,000
Speaker 4: thousands of dollars in the bank, and that's just not

833
00:37:50,120 --> 00:37:55,160
Speaker 4: the reality of the situation. Sometimes it's just doing it money, diarist,

834
00:37:55,400 --> 00:37:57,560
Speaker 4: I wish I had more time. This has been an

835
00:37:57,680 --> 00:38:00,400
Speaker 4: absolute pleasure. Thank you so much for sharing this with me.

836
00:38:00,640 --> 00:38:01,640
Speaker 4: I adore it.

837
00:38:01,640 --> 00:38:02,800
Speaker 2: It's so special.

838
00:38:02,880 --> 00:38:04,880
Speaker 5: Thank you, Oh thanks for having me. I had a

839
00:38:04,920 --> 00:38:06,720
Speaker 5: good time. The nerves got to me in the beginning,

840
00:38:06,719 --> 00:38:09,240
Speaker 5: but I really appreciate the chat. It was lovely.

841
00:38:09,400 --> 00:38:11,960
Speaker 4: I promise I'm not scary like this, No need to

842
00:38:12,000 --> 00:38:14,399
Speaker 4: be nervous, Like I'm just a girl wanting to hang

843
00:38:14,440 --> 00:38:15,960
Speaker 4: out and be pervy on your money.

844
00:38:16,280 --> 00:38:18,480
Speaker 5: That's like, how do I rate myself. Oh my goodness,

845
00:38:18,480 --> 00:38:20,320
Speaker 5: to be minus. She's not gonna be happy.

846
00:38:21,920 --> 00:38:25,960
Speaker 2: No, when have I ever? Oh my gosh, I get it.

847
00:38:26,040 --> 00:38:28,920
Speaker 2: I get it. But at the same time, my friend,

848
00:38:29,440 --> 00:38:31,399
Speaker 2: I just love a coffee and a yap as well,

849
00:38:31,680 --> 00:38:32,520
Speaker 2: Like I just do.

850
00:38:32,960 --> 00:38:34,319
Speaker 5: I love it. Thanks for having me.

851
00:38:35,600 --> 00:38:36,560
Speaker 2: Thanks so much.

852
00:38:43,120 --> 00:38:45,640
Speaker 6: Did buy shared on She's on the Money is general

853
00:38:45,719 --> 00:38:49,560
Speaker 6: in nature and does not consider your individual circumstances. She's

854
00:38:49,600 --> 00:38:53,080
Speaker 6: on the Money exists purely for educational purposes and should

855
00:38:53,080 --> 00:38:56,280
Speaker 6: not be relied upon to make an investment or financial decision.

856
00:38:56,640 --> 00:38:59,120
Speaker 6: If you do choose to buy a financial product, read

857
00:38:59,120 --> 00:39:02,840
Speaker 6: the PDSTMD and obtain appropriate financial advice.

858
00:39:02,520 --> 00:39:03,840
Speaker 2: Tailored towards your needs.

859
00:39:04,200 --> 00:39:08,160
Speaker 6: Victoria Divine and She's on the Money are authorized representatives

860
00:39:08,200 --> 00:39:10,759
Speaker 6: of Money sherper P T y lt D A b

861
00:39:10,920 --> 00:39:13,960
Speaker 6: N three two one six four nine two seven seven

862
00:39:14,080 --> 00:39:18,240
Speaker 6: zero eight AFS L four five one two eight nine