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

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

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

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

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

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Speaker 1: 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 2: Hello, and welcome to She's on the Money the podcast

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Speaker 2: PUSI Millennials who want financial freedom. Welcome back to another

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Speaker 2: one of our money daries where I get the absolute

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Speaker 2: pleasure of sitting down and talking to one of our

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Speaker 2: incredible She's on the Money community members all about their

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Speaker 2: money story. Let's jump straight into it, because this week

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Speaker 2: I got an email and it sounded exactly like this, Dear,

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Speaker 2: She's on the Money. Back in twenty fourteen, I was

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Speaker 2: making forty thousand dollars a year, living paycheck to paycheck

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Speaker 2: and had little understanding of financial basics, but I did

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Speaker 2: know that there was not much room for career progression

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Speaker 2: in sports and community reck. So I did a complete

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Speaker 2: one eighty and moved into project management in construction, and

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Speaker 2: I am now on ninety thousand dollars a year. My

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Speaker 2: husband has always worked in machinery and he had noticed

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Speaker 2: a gap in the market in our community. When we

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Speaker 2: were building our home, we realized we needed the machinery,

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Speaker 2: so why not just buy it ourselves and then hire

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Speaker 2: it out as a side business. I'm putting working nights

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Speaker 2: and weekends in, but it's worth it because this business

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Speaker 2: is projected to turn over four hundred thousand dollars in

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Speaker 2: its first year money Diarist, Does that give you a

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Speaker 2: little bit of wicklash? Like from forty thousand dollars a

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Speaker 2: year to our business turning over four hundred grand, Like,

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Speaker 2: b for real, that's so much money.

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Speaker 4: It's pretty cool. And that's part of why I wrote

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Speaker 4: in because I was like, Oh, my gosh, this is

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Speaker 4: actually really incredible, and I kind of it was actually

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Speaker 4: really nice validating it for myself as well.

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Speaker 2: Oh it's so cathartic, Like I think one of my

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Speaker 2: favorite things about money diaries. Is that reflection that the

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Speaker 2: diarists get and I can see it like and I

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Speaker 2: feel like our listeners can hear it as well. You

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Speaker 2: know when you go through a diary and at the

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Speaker 2: start they're like, yep, I'm here, and then we reflect

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Speaker 2: on their money story and what they're going through, and

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Speaker 2: at the end they're like, hey, I'm pretty cool, aren't I?

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Speaker 2: And I'm like, yes you are.

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Speaker 4: Yeah. It's a nice moment of growth to actually think

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Speaker 4: about and be like, yes, we've done.

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Speaker 2: Okay, let's do that together. Now, money diarist, what grade

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Speaker 2: would you give your money habits? If I asked you

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Speaker 2: to give them a grade from A through to F,

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Speaker 2: I would say A C, A C and she's turning

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Speaker 2: over four hundred grand. Okay, no worries. Let's learn a

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Speaker 2: little bit more. Money diarist, you started off making forty

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Speaker 2: thousand dollars a year. We don't have a lot of context.

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Speaker 2: Can you tell us a little bit more about your

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Speaker 2: money story?

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Speaker 4: Yes, so, as I said so twenty fourteen, ten years ago,

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Speaker 4: I was out of UNI earning forty thousand a year,

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Speaker 4: and that was on a contract sort of basis. So

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Speaker 4: I went from job to job, living paycheck to paycheck.

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Speaker 4: I wasn't bought up around business or anything like that,

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Speaker 4: so didn't have a great understanding, I guess of how

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Speaker 4: to spend my money, how to save my money. Saving

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Speaker 4: money is also really hard on that amount as well.

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Speaker 2: Yes, I say this all the time, and is it

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Speaker 2: not wild just to like buddy in here a little bit,

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Speaker 2: But isn't it wild that when you're earning forty thousand

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Speaker 2: dollars you probably still put so much pressure on yourself.

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Speaker 2: You're like, oh my god, I'm so bad with money.

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Speaker 2: I can't save, I can't invest. But we didn't look

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Speaker 2: at the bay of it, and that's that you don't

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Speaker 2: have the cash flow to support those things. Like you're

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Speaker 2: just doing the best that you can, but you're still

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Speaker 2: thinking that it's just because you're not good at it.

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Speaker 4: Like what Yeah, absolutely, And that was that was something

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Speaker 4: that at the time, I, you know, it was like, oh,

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Speaker 4: I can't save, I am still living paycheck to paycheck.

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Speaker 4: My mom and dad, you know, gave me a loan

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Speaker 4: for a new car, those sorts of things. And then

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Speaker 4: now now sitting back and looking at it, I completely

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Speaker 4: understand and realized that for what I had, I did

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Speaker 4: well with that. But then when I made that sort

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Speaker 4: of switch to actually start saving and learn more, that's

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Speaker 4: what really changed for me.

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Speaker 2: Yeah, it really upsets me when I speak to people

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Speaker 2: and they're like, be like, I'm earning forty five thousand

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Speaker 2: dollars a year and I just I can't seem to

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Speaker 2: save or invest, like it's all beyond me. And I'm like,

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Speaker 2: I get that, but to be really blunt, with the

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Speaker 2: income that you have, life is expensive. There's not going

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Speaker 2: to be much wiggle room left. And as much as

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Speaker 2: that's not nice to hear, sometimes it's quite validating to

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Speaker 2: hear because you're like, oh, it's not me, Like, it's

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Speaker 2: not that I'm bad, it's something and so that we

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Speaker 2: just don't have that wiggle room, or we don't have

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Speaker 2: that cash flow, or that's actually just not going to

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Speaker 2: work for our current chapter of life, and that is

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Speaker 2: actually okay. I don't want people walking around feeling like

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Speaker 2: they're bad at something when the reality is you're doing

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Speaker 2: pretty good. And it was only on reflection that even

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Speaker 2: you said, actually I was doing pretty well for not

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Speaker 2: earning all that much.

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Speaker 4: Yeah. Absolutely, And I was living in a metropolitan area

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Speaker 4: at the time. I was still visiting friends and family

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Speaker 4: in regional areas. So I still lived a really, really

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Speaker 4: good life. I didn't go without what I needed to.

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Speaker 4: It was just that I then had a moment where

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Speaker 4: I turned from I guess, different priorities and wanting to

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Speaker 4: purchase a house and wanting to get out of sharehousing.

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Speaker 4: And that was kind of the switch for me that

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Speaker 4: made me realize, you know, I had to make a

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Speaker 4: few changes and had something to work towards.

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Speaker 2: And something had to change. Like you might have absolutely

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Speaker 2: loved working in you know, smorts and community wreck, but

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Speaker 2: at the end of the day, sometimes there are caps

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Speaker 2: on careers, and if money and finances are a really

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Speaker 2: big priority to you, you do have to sometimes do

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Speaker 2: a one ad. At what point did you come to

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Speaker 2: that realization you were like, I actually need a whole

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Speaker 2: new career, not just like to work harder at work.

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Speaker 4: Yeah. Well, it was a couple of years ago now

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Speaker 4: just nearly two years ago, and I was talking to

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Speaker 4: my partner at the time, who's now my fiance state,

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Speaker 4: which is super exciting.

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Speaker 2: The congrats I did see the ring thank you. She's cute.

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Speaker 4: So I was kind of thinking, you know, we're wanting

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Speaker 4: to raise a family, we're wanting to start businesses, and

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Speaker 4: I came to the realization with the job and career

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Speaker 4: I had at the time, I wouldn't be able to

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Speaker 4: do those things the way I wanted to. So that

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Speaker 4: may work for other people and that's fantastic, but the

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Speaker 4: way we wanted to live our lives it wasn't going

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Speaker 4: to work. We then kind of that down and he

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Speaker 4: was often like, you know, you're fantastic at organizing things.

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Speaker 4: I've never seen someone with a checklist and a red

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Speaker 4: pen strike through a list like you do.

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Speaker 2: I love that. That's like the biggest compliment.

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Speaker 4: Yeah, it was. And I was like, actually, you know what,

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Speaker 4: I am good at that. Thank you. And he was like, well,

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Speaker 4: let's look at how you can make a career out

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Speaker 4: of that. And so project management was a sort of

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Speaker 4: a perfect fit. I guess I'd worked in management previously,

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Speaker 4: so a lot of like transferable skills that I could

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Speaker 4: bring across and then yet did a one eighty and

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Speaker 4: here we are.

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Speaker 2: So what kind of study did you have to do

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Speaker 2: to get into project management? Because I feel like I

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Speaker 2: sometimes hear that people have these roles, but I'm like,

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Speaker 2: did you have to go to UNI? Did you have

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Speaker 2: to do a certificate like or did you just apply

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Speaker 2: for the job and be like, hey, did you see

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Speaker 2: that I crossed things off in red pen like what's

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Speaker 2: the career path there?

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Speaker 4: So I was really lucky in that the company that

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Speaker 4: I'm now working for, they had in their ad we're

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Speaker 4: looking for project managers, but happy for people that are

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Speaker 4: looking for a change, and we're willing to train you.

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Speaker 2: Oh how good is that?

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Speaker 4: Yes? I jumped on it and submitted my application, had

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Speaker 4: a brief phone conversation which then actually ended up with

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Speaker 4: them saying, look, we've actually just employed someone with thirty

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Speaker 4: five years experience.

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Speaker 2: Of course you have.

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Speaker 4: And I was like, okay, that's understandable. I'll cop that.

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Speaker 4: Compete with that, it's definitely not. And they said, however,

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Speaker 4: we would like to offer you like an assistance sort

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Speaker 4: of role so that we can have you on board

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Speaker 4: and then train you up so that you can then

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Speaker 4: move into a full project management role.

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Speaker 2: Oh how good is that? And you know what, like,

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Speaker 2: from my perspective looking at that, that maybe is even better.

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Speaker 4: Oh. Absolutely so for me when I made the change,

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Speaker 4: I didn't have to take a pay cut, I worked

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Speaker 4: less hours, I didn't need to work weekends.

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Speaker 2: How good is this? You're selling the dream.

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Speaker 4: And I was then getting trained as well. So for me,

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Speaker 4: I'm enrolled in a diploma of project management. But there's

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Speaker 4: others here that have a certificate for in project management.

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Speaker 4: So I think the thing is that there's varying levels

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Speaker 4: of study. I think it's about finding the right company

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Speaker 4: and organization to take you on and train you where

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Speaker 4: you need it, because for me, the training on the

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Speaker 4: job is far more I guess beneficial than anything on

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Speaker 4: a piece of paper.

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Speaker 2: I can attest to that, having been a chronic university gower,

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Speaker 2: I know so much more just from doing the work.

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Speaker 2: And like I know, he kind of feels like a

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Speaker 2: rock and hard place because you're like, yes, Victoria, but

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Speaker 2: I need the UNI degree to actually get in the door.

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Speaker 2: And that's often the case. But then there are things

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Speaker 2: like what you've just gone through, where they are willing

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Speaker 2: to train you and they are willing to go through it,

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Speaker 2: but you're not going to find it unless you're looking

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Speaker 2: like it's not going to jump out at you unless

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Speaker 2: you're like, hold on, like maybe this is something I

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Speaker 2: should have a look into. Because how I asked you

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Speaker 2: while you were still at your sports and community wrec job, Like, oh,

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Speaker 2: you could probably just find a job in project management.

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Speaker 2: They'll train you and you're like, not even have to

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Speaker 2: take a pay cut. You'd be like sure, Victoria, Sure, yeah, absolutely.

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Speaker 4: And I think that was a big thing in that

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Speaker 4: we had those conversations realized, like I guess where our

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Speaker 4: values were and what was important to us, and then

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Speaker 4: we started looking.

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Speaker 2: So yeah, how good. I love that so much. So

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Speaker 2: now tell me how old are you? What's your official

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Speaker 2: job title and how much money do you earn?

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Speaker 4: So I am thirty two. Official job title is contract

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Speaker 4: administrator and I'm on ninety thousand dollars a year.

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Speaker 2: Is that including or excluding superannuation?

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Speaker 4: Excluding super?

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Speaker 1: Oh?

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Speaker 2: How good? So then it's like super on top. So girl,

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Speaker 2: you're basically on one hundred grand a year.

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Speaker 4: Yeah.

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Speaker 2: Oh we love to see it. So tell me a

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Speaker 2: bit more. So you've just gotten engaged. I peep are

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Speaker 2: very cute. Ring are your big money goals at the moment?

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Speaker 2: What are you currently working towards?

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Speaker 4: So money goals at the moment for us, where the

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Speaker 4: main aim is to have multiple passive income streams. That's

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Speaker 4: that's the goal that will be broken down into a

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Speaker 4: couple of smaller steps. But that's our end goal.

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Speaker 2: How exciting and what do you like? Do you have

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Speaker 2: specific goals for that or is that just like a

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Speaker 2: holistic our entire life is working towards it. Or do

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Speaker 2: we have like a list with some red pen that

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Speaker 2: we can cross off goals?

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Speaker 4: Yes, so we have a full I guess, sort of

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Speaker 4: business plan that we're working towards.

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Speaker 2: You've got a business plan for life as well. I

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Speaker 2: love this, not for life.

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Speaker 4: That one's actual business business plan for business, no real

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Speaker 4: business plan for life. We're kind of it's just for us.

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Speaker 4: It's a matter of like looking at where we are

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Speaker 4: with work and then what we're wanting to get to

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Speaker 4: with business, and then how that all fits together.

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Speaker 2: Adore, I love this so much. Let's go to a

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Speaker 2: really quick break on the flip side. I want to

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Speaker 2: ask so many more questions about this business. How the

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Speaker 2: heck you got it to be turning four hundred thousand

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Speaker 2: dollars over in the first year. I want to know

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Speaker 2: about investments, I want to know about debts, and I

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Speaker 2: feel like someone like you has some really good money habits.

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Speaker 2: So guys don't go anywhere, all right, We are back

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Speaker 2: and our money. Darist has gone from being on forty

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Speaker 2: thousand dollars a year to now being on ninety thousand

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Speaker 2: dollars a year, and in her first year in business,

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Speaker 2: is about to turn over four hundred thousand dollars money, Darist.

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Speaker 2: Can we dive straight in to investments? So when you

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Speaker 2: were earning forty thousand dollars was only two years ago.

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Speaker 2: I'm assuming that investments felt pretty far off. But was

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Speaker 2: that something that you spoke about or thought about or

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Speaker 2: what did that look like? And now what does it

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Speaker 2: look like today?

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Speaker 4: Investment was always something that I thought was this, I

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Speaker 4: guess grand dream that I could never afford. It was

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Speaker 4: as simple as that. I just didn't think that that

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Speaker 4: was possible. I then purchased my first house on my own,

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Speaker 4: which was amazing.

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Speaker 2: Oh my god, No, you did it.

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Speaker 4: Yeah I did. Now you bought your first hold on

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Speaker 4: what was your salary when you bought your first house?

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Speaker 4: It would have been around sixty sixty five Holy moly.

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Speaker 2: So you're just like, by the way, I'm buying my

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Speaker 2: own house and I'm on sixty five grand. That is iconic.

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Speaker 4: Yeah, I share house for a long time.

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Speaker 2: Of course, sacrifice is what makes these things happen.

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Speaker 4: Yes, so I made the most of it. I worked

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Speaker 4: really hard to put everything aside that I could, and

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Speaker 4: then happened to find the perfect little home just before

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Speaker 4: the COVID chaos, which was fantastic. So I was able

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Speaker 4: to get in there. Since then met my now partner,

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Speaker 4: and that first home is now a beautiful investment. So

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Speaker 4: that's my first actual investment, is my home.

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Speaker 2: Okay, nice, what a little dream. I love that, So

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Speaker 2: tell me a bit more. I've got to be a pervy,

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Speaker 2: Like buying your first home is hard enough. You did

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Speaker 2: it earning sixty five grand? Did you have a guaranteur?

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Speaker 2: Did you you know, have somebody who taught you how

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Speaker 2: to get into property? Did you have to save up

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Speaker 2: a twenty percent deposit?

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Speaker 4: Like?

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Speaker 2: I need to know the nitty gritty how'd you get in?

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Speaker 4: So I went to my local bank and spoke them

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Speaker 4: about first home buy scheme at the time, so I

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Speaker 4: was able to get in with less than twenty percent deposit.

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Speaker 4: I did have the full twenty percent deposit available.

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Speaker 2: Of course you did. You're saying that, Oh No, when

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Speaker 2: I earned last I didn't. I wasn't able to invest

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Speaker 2: or safe girl, you were you were. You're deceiving us.

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Speaker 2: You're really good at money, won't you?

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Speaker 4: I wasn't. I wasn't, And then I became. I became

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Speaker 4: more aware and I learned the tricks along the way.

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Speaker 4: So I yeah, went to my bank and they were

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Speaker 4: able to offer a first home buy scheme, which meant

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Speaker 4: I didn't have to put in the twenty percent deposit,

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Speaker 4: but still didn't have to pay lender's mortgage insurance. So

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Speaker 4: the bank manager, she calls herself my local mum because

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Speaker 4: my family lived ten hours away.

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Speaker 2: That's so sweet, and.

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Speaker 4: I remember the first meeting with her. She was like, no,

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Speaker 4: we are not letting you pay lender's mortgage insurance. We

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Speaker 4: will apply for the first home buy scheme. We will

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Speaker 4: make sure you do this right. And that's how I

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Speaker 4: did it. What an I can't the additional money that

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Speaker 4: I had, which would have been the twenty percent deposit,

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Speaker 4: I then, over two to three years, put some of

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Speaker 4: that into renovations and increasing the value of the home,

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Speaker 4: so icon it it's increased nearly two hundred thousand, nor

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Speaker 4: what has ever three years?

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Speaker 2: So tell me how much did you purchase your first

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Speaker 2: home for? What's it worth?

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Speaker 4: Now it was three hundred and fifty six thousand.

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Speaker 2: Three fifty six and then it's now worth like five

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Speaker 2: fifty six. Oh my gosh. And how much is left

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Speaker 2: on your mortgage that one.

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Speaker 4: I've got around two hundred and ninety left on that mortgage.

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Speaker 2: Isn't that insane? You've got so much equity now.

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Speaker 4: Yes, so so much. So it's just that equation that

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Speaker 4: is so cool. Yeah, ready for even when we ever

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Speaker 4: need it.

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Speaker 2: Oh my gosh. I'm so excited for you because it

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Speaker 2: just everything works out when you start to just care

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Speaker 2: about your finances like this is really empowering because I

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Speaker 2: think so many times when you're you know, you're just

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Speaker 2: a girl, you're earning seventy grand which is a really

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Speaker 2: normal income, and you just feel like nothing's possible, and

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Speaker 2: then you hear stories like this coming out of our community.

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Speaker 2: You did that on your own. You hadn't even met

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Speaker 2: your partner yet, and you were like, Nope, I'm going

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Speaker 2: to buy myrin home. I'm going to make sure I

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Speaker 2: go through these situations. And I mean, as you know already,

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Speaker 2: I own a mortgage broken company called Zella Money, and

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Speaker 2: we do this every day. So, like I know, it's possible,

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Speaker 2: but so many times we meet with people they're like, Oh,

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Speaker 2: I just I don't know if it's going to work

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Speaker 2: for me. Like this, Money Diarist has not only worked

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Speaker 2: out how to get into her own home, she's unlocked

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Speaker 2: a heap of equity. If she sold it over the

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Speaker 2: last two years, she would have made more than two

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Speaker 2: hundred thousand dollars, having started on a salary of sixty grand.

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Speaker 2: Like that is wild and so so cool to me,

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Speaker 2: Money Diarist, Let's get a little bit further into it.

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Speaker 2: Do you invest in any other way or is it

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Speaker 2: just property at this point? What are your thoughts on it?

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Speaker 2: Is there a plan for the future or is it

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Speaker 2: all about business at the moment?

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Speaker 4: So no other investments at this stage. We have just

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Speaker 4: built our first time together. So at the moment, yeah,

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Speaker 4: first home is our investment. I have a whole lot

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Speaker 4: of analysis paralysis with actual investing. I have to admit it.

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Speaker 4: That is my next I guess personal goal is to

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Speaker 4: look at that further.

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Speaker 2: Our investing masterclass is about to drop on the thirtieth

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Speaker 2: of September, so I'm going to give that to you

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Speaker 2: and then there's no excuses like I'm going to teach

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Speaker 2: you absolutely everything, because it sounds like you've got property down, Pat,

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Speaker 2: but the investing side of things, Oh my gosh, I

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Speaker 2: can't wait ten years from now you are going to

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Speaker 2: be running rings around literally everybody.

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Speaker 4: Thank you. That is yeah, that's my personal goal is

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Speaker 4: just to get that part. I guess down, Pat. I

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Speaker 4: just it's it's always been too much like I haven't

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Speaker 4: known sort of, I guess where to start. I've you know,

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Speaker 4: opened a tab and started reading and it's still open

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Speaker 4: on my phone. So that's that's the next thing.

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Speaker 2: I know. Analysis paralysis is the worst, right and then

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Speaker 2: you think you're about to pull the trigger, and then

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Speaker 2: someone meant something and you're like, oh, what does that mean?

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Speaker 2: I need to start again? And as women, we just

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Speaker 2: don't trust our intuition enough sometimes to just dive in

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Speaker 2: and get started. I think you're gonna love it. I'm

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Speaker 2: just I feel like our stars are aligned, like we're

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Speaker 2: talking at the perfect time for you to then start

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Speaker 2: the investing masterclass on the thirtieth with us, which is

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Speaker 2: really exciting. But for everybody listening, obviously, I'll put a

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Speaker 2: discount code in the show notes to make sure that

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Speaker 2: you don't miss out. Either, I'm so excited about that.

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Speaker 2: For you, tell me a bit more. Do you have

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Speaker 2: any other debts?

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Speaker 4: So for us, it's just first home, the home we've

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Speaker 4: just built. And then my partner has a debt on

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Speaker 4: his vehicle and that is it. Sorry, and one machine,

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Speaker 4: one machine has a debt as well.

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Speaker 2: Yes, sorry, all right, Well, tell me a little bit

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Speaker 2: more about this home that you're building. What kind of

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Speaker 2: block size is it? How much have you spent on it?

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Speaker 2: Like what type of mortgagees you got? Like, I'm just

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Speaker 2: so pervy, and it is literally a privileged to be

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Speaker 2: able to ask someone will the perfume money questions that

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Speaker 2: you'd never ask them if you met them at the shops.

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Speaker 4: No, I love it, and I'm all for it because

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Speaker 4: it's actually really cool and I'm really like we're in

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Speaker 4: a fantastic position that we've both worked really hard to

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Speaker 4: be in. So where we've just built is a twenty

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Speaker 4: seven hundred square meter.

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Speaker 2: Block, Okay, how exciting.

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Speaker 4: It is very exciting. However, there is a lot of

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Speaker 4: mowing to be done on a block that size, and

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Speaker 4: a lot of vacuuming to be done on a house

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Speaker 4: that's three hundred and forty square meters.

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Speaker 2: Do you know what's so funny? You just said that

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Speaker 2: your house is three hundred and forty square meters and

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Speaker 2: my entire block, like my house is on four hundred

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Speaker 2: square meters. Like that's the that's the land size, babe.

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Speaker 2: That's insane to me. How cool you're mowing my entire block?

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Speaker 4: Yeah? Yes, so like my first home actually fits square

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Speaker 4: meter wise, fits in the middle center of our house,

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Speaker 4: of our new house.

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Speaker 2: Isn't it so funny? So tell me more about this.

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Speaker 2: So you've got this beautiful, big block of land and

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Speaker 2: you're building your home, Like, how are you funding this?

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Speaker 4: So my partner had amount of cash to put in,

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Speaker 4: so we've done that, and then we have a five

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Speaker 4: hundred thousand dollars mortgage for that property.

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Speaker 2: Oh my gosh, why is it only five hundred thousand

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Speaker 2: dollars for twenty seven Like you've got to give me

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Speaker 2: more context here, Like.

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Speaker 4: We were able to put so much in that that's

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Speaker 4: all we needed.

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Speaker 2: What what's it worth?

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Speaker 4: So we're waiting for final valuation. We are living in there,

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Speaker 4: which is amazing, but it's looking like it'll be valued

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Speaker 4: at one point four.

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Speaker 2: Sorry, there's a bit of context missing here. So when

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Speaker 2: you say my partner had a little bit of cash, Like,

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Speaker 2: what do you mean a little bit?

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Speaker 4: So he sold his previous house and all of that

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Speaker 4: went straight straight this new one. Yeah.

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Speaker 2: Oh my gosh, she's marrying rich guys.

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Speaker 4: No, I'm just marrying a beautiful man.

437
00:20:53,040 --> 00:20:56,080
Speaker 2: How good is that? I'm obviously joking, but it is

438
00:20:56,200 --> 00:20:58,639
Speaker 2: so cool how this is all just working out for you.

439
00:20:59,280 --> 00:21:02,000
Speaker 2: So tell me more about this business, because you mentioned

440
00:21:02,080 --> 00:21:05,400
Speaker 2: we have a machine and it has some debt on it. Obviously,

441
00:21:05,480 --> 00:21:07,679
Speaker 2: when you were building your home you realized that the

442
00:21:07,680 --> 00:21:10,879
Speaker 2: machinery was necessary. Why not purchase it? Why not then

443
00:21:11,000 --> 00:21:14,159
Speaker 2: lease it out after? Is this like, you know, a

444
00:21:14,200 --> 00:21:17,119
Speaker 2: twenty dollar wheelbarrow from Buddings Or is this like, you know,

445
00:21:17,400 --> 00:21:19,639
Speaker 2: a whole digger? Is this a crane? I don't know.

446
00:21:19,680 --> 00:21:21,520
Speaker 2: You've got to tell me more about how this works

447
00:21:21,520 --> 00:21:23,280
Speaker 2: and then how you worked out that you could lease

448
00:21:23,320 --> 00:21:23,640
Speaker 2: it out.

449
00:21:23,760 --> 00:21:29,359
Speaker 4: Yep. So when we first started designing the house and

450
00:21:29,400 --> 00:21:31,720
Speaker 4: obviously a big block, we were like, well, there's a

451
00:21:31,760 --> 00:21:34,080
Speaker 4: lot of landscaping that's going to need to be done,

452
00:21:34,160 --> 00:21:37,360
Speaker 4: and we were like, well, we'll do that ourselves. At

453
00:21:37,400 --> 00:21:41,240
Speaker 4: the time, his brother and his wife were also building

454
00:21:41,600 --> 00:21:45,040
Speaker 4: on a large block and his parents were also building

455
00:21:45,200 --> 00:21:46,040
Speaker 4: on a large block.

456
00:21:46,359 --> 00:21:49,480
Speaker 2: Oh god, so much construction. And you wouldn't be short

457
00:21:49,520 --> 00:21:51,399
Speaker 2: for conversation at family dinner, would you.

458
00:21:51,680 --> 00:21:54,480
Speaker 4: Oh yeah, we will be shortly. We actually joke about

459
00:21:54,480 --> 00:21:56,400
Speaker 4: what we're all going to talk about in six months

460
00:21:56,440 --> 00:21:58,600
Speaker 4: time when everyone's done building, You.

461
00:21:58,520 --> 00:22:01,800
Speaker 2: Guys will find another projects guarantee it, Yes, definitely.

462
00:22:02,480 --> 00:22:05,119
Speaker 4: So yeah, we looked at it and we thought, you know,

463
00:22:05,240 --> 00:22:08,479
Speaker 4: were between just the three of us building and you know,

464
00:22:08,600 --> 00:22:12,040
Speaker 4: needing to hire a digger to do some earthworks or

465
00:22:12,160 --> 00:22:15,679
Speaker 4: a skid steer to do something else. We were like,

466
00:22:15,840 --> 00:22:18,800
Speaker 4: hang on, this is really really expensive in town, and

467
00:22:19,440 --> 00:22:21,679
Speaker 4: if we do that and say we need it. We

468
00:22:21,720 --> 00:22:24,119
Speaker 4: worked it out over a certain number of weekends and

469
00:22:24,160 --> 00:22:26,760
Speaker 4: what it would come to, and we were like, why

470
00:22:26,800 --> 00:22:30,840
Speaker 4: don't we just buy one? So again, there was some

471
00:22:30,880 --> 00:22:34,440
Speaker 4: money from the sale of my partner's house, so we

472
00:22:34,560 --> 00:22:36,880
Speaker 4: actually paid cash for our first machine.

473
00:22:36,960 --> 00:22:38,280
Speaker 2: How much does a machine cost?

474
00:22:38,520 --> 00:22:42,080
Speaker 4: So that was a mini excavator, so a brand new

475
00:22:42,160 --> 00:22:45,959
Speaker 4: Caterpillar excavator, and that one, at the time I believe

476
00:22:46,080 --> 00:22:50,120
Speaker 4: was forty thousand, and then it was about eleven thousand.

477
00:22:50,600 --> 00:22:51,840
Speaker 4: Then for the trailer.

478
00:22:52,119 --> 00:22:54,520
Speaker 2: Yeah, okay, and so you need the trailer of the

479
00:22:54,560 --> 00:22:57,720
Speaker 2: UCU to move the excavator, yes, so to.

480
00:22:58,119 --> 00:23:01,600
Speaker 4: Move it around. We we did buy a more expensive trailer,

481
00:23:01,760 --> 00:23:03,920
Speaker 4: because you could just buy a plant trailer where you

482
00:23:03,960 --> 00:23:06,800
Speaker 4: can just drive your machine on and that's all its

483
00:23:06,800 --> 00:23:10,679
Speaker 4: purpose is. However, we went for a different trailer that

484
00:23:10,960 --> 00:23:14,639
Speaker 4: was say, a tiper trailer, so that people can also

485
00:23:14,840 --> 00:23:16,680
Speaker 4: use it for soil, which you offer.

486
00:23:16,920 --> 00:23:20,200
Speaker 2: He's a smart cookie, so you can move the stuff

487
00:23:20,240 --> 00:23:21,919
Speaker 2: that you excavated.

488
00:23:21,440 --> 00:23:24,119
Speaker 4: Correct, And you can also hire that trailer out as

489
00:23:24,160 --> 00:23:27,639
Speaker 4: its own asset, whereas no one really needs to just

490
00:23:27,720 --> 00:23:31,120
Speaker 4: borrow a plant trailer on its own, but someone wanting

491
00:23:31,160 --> 00:23:33,119
Speaker 4: to do some gardening can hire a trailer.

492
00:23:33,240 --> 00:23:36,400
Speaker 2: I see the vision. I get it. So you've essentially

493
00:23:36,440 --> 00:23:40,520
Speaker 2: invested fifty one thousand dollars in this trailer and this excavator,

494
00:23:40,920 --> 00:23:44,760
Speaker 2: and I'm assuming you've used it. Partner's parents have used it,

495
00:23:45,200 --> 00:23:47,960
Speaker 2: other family members have used it, and now you're hiring

496
00:23:47,960 --> 00:23:50,560
Speaker 2: it out. What does that look like? Do you advertise

497
00:23:50,600 --> 00:23:52,960
Speaker 2: it online or is this a word of mouthing or like?

498
00:23:53,000 --> 00:23:55,199
Speaker 2: How does that work? How does it go from we

499
00:23:55,320 --> 00:23:57,560
Speaker 2: bought this fancy thing to other people are paying you

500
00:23:57,640 --> 00:23:57,960
Speaker 2: for it?

501
00:23:58,080 --> 00:24:00,399
Speaker 4: Yeah? So it did just start out with social media

502
00:24:00,440 --> 00:24:03,679
Speaker 4: advertising locally, we put some signage on the trailer and

503
00:24:03,720 --> 00:24:06,960
Speaker 4: on the machine, and it just kind of went from there.

504
00:24:07,200 --> 00:24:11,800
Speaker 4: We've actually stopped advertising for it at the moment because

505
00:24:12,000 --> 00:24:15,960
Speaker 4: the second part of the business is labor Higher, which

506
00:24:16,600 --> 00:24:20,800
Speaker 4: we've got my partner employed through so he's out of

507
00:24:20,800 --> 00:24:24,600
Speaker 4: town a lot with that. So we've actually stopped advertising

508
00:24:24,840 --> 00:24:28,560
Speaker 4: the equipment higher because we're getting enough with it to

509
00:24:28,680 --> 00:24:31,880
Speaker 4: cover the repayments on our second machine.

510
00:24:32,000 --> 00:24:34,520
Speaker 2: Okay, I love this. And what does it look like

511
00:24:34,560 --> 00:24:37,080
Speaker 2: in the future. I know you said earlier on the

512
00:24:37,119 --> 00:24:39,440
Speaker 2: other half of this episode, we have a business plan.

513
00:24:39,600 --> 00:24:40,600
Speaker 2: What does that look like?

514
00:24:41,200 --> 00:24:44,240
Speaker 4: So for us, I guess you know, more machinery, bigger

515
00:24:44,280 --> 00:24:47,800
Speaker 4: machinery definitely is the plan to do that. We need

516
00:24:47,840 --> 00:24:51,560
Speaker 4: a shed to store it all. So our first sort

517
00:24:51,600 --> 00:24:54,280
Speaker 4: of goal at the moment is to open a second

518
00:24:54,320 --> 00:24:58,960
Speaker 4: business with a workshop so we can do I guess

519
00:24:58,960 --> 00:25:03,280
Speaker 4: heavy vehicle workshop, which also means that the machinery we

520
00:25:03,359 --> 00:25:04,760
Speaker 4: have can be serviced.

521
00:25:04,920 --> 00:25:07,520
Speaker 2: Yeah, okay, you guys are thinking smart. It's not like

522
00:25:07,800 --> 00:25:10,280
Speaker 2: so I thought you would say. So we're building a

523
00:25:10,320 --> 00:25:13,040
Speaker 2: shed on our twenty seven hundred square meter block and

524
00:25:13,040 --> 00:25:15,560
Speaker 2: I would be like, okay, smart girl, but she's going

525
00:25:15,680 --> 00:25:18,960
Speaker 2: further than that. You've really really thought about this?

526
00:25:19,320 --> 00:25:21,600
Speaker 4: Yeah, we have thought about it, and we have a

527
00:25:21,640 --> 00:25:23,920
Speaker 4: really clear vision of where we want to end up.

528
00:25:24,119 --> 00:25:28,840
Speaker 4: So essentially we're looking at the moment at shared rentals

529
00:25:29,040 --> 00:25:32,960
Speaker 4: in the town we're in so that we can have

530
00:25:33,040 --> 00:25:36,560
Speaker 4: a start, and then pending those first twelve months, then

531
00:25:36,560 --> 00:25:39,080
Speaker 4: we would either look to them build a shed or

532
00:25:39,480 --> 00:25:42,800
Speaker 4: then start like a second stream. Again, how cool are you?

533
00:25:43,119 --> 00:25:46,440
Speaker 2: I love this? And so over the last like twelve months,

534
00:25:46,760 --> 00:25:50,000
Speaker 2: you've built this up and now it's projected to turn

535
00:25:50,040 --> 00:25:54,000
Speaker 2: over four hundred thousand dollars. Can it be real, pervy?

536
00:25:54,000 --> 00:25:57,920
Speaker 2: How much of that is profit? So majority of that

537
00:25:58,880 --> 00:26:00,119
Speaker 2: very nicey nice.

538
00:26:00,160 --> 00:26:02,960
Speaker 4: I don't have the like percentages with me, which I should,

539
00:26:03,240 --> 00:26:06,920
Speaker 4: and I definitely don't. So that is from so as

540
00:26:06,960 --> 00:26:09,399
Speaker 4: I said, we've got the two streams with plant higher

541
00:26:09,440 --> 00:26:13,000
Speaker 4: and then also labor higher. So the vast majority of

542
00:26:13,040 --> 00:26:15,919
Speaker 4: that has come from labor higher. But we made the

543
00:26:15,960 --> 00:26:18,600
Speaker 4: call and I guess the sacrifice to add that in

544
00:26:18,920 --> 00:26:22,320
Speaker 4: rather than my partner being on a wage working for

545
00:26:22,400 --> 00:26:25,520
Speaker 4: someone else, it's far easier when it's your own name

546
00:26:25,520 --> 00:26:26,240
Speaker 4: on your shirt.

547
00:26:26,520 --> 00:26:29,480
Speaker 2: To put in the hours, oh one hundred percent. And

548
00:26:29,600 --> 00:26:32,080
Speaker 2: also sometimes you've got to do the dirty work yourself,

549
00:26:32,240 --> 00:26:34,760
Speaker 2: like you've just got to start from scratch instead of

550
00:26:34,800 --> 00:26:37,120
Speaker 2: hiring someone else and trying to manage it. Well, he's

551
00:26:37,160 --> 00:26:38,560
Speaker 2: got a full time job. It's going to be so

552
00:26:38,680 --> 00:26:42,199
Speaker 2: much easier at a scale, which is so exciting. So

553
00:26:42,480 --> 00:26:44,600
Speaker 2: is the plan for that to scale? And maybe you

554
00:26:44,880 --> 00:26:48,400
Speaker 2: not working your ninety thousand dollars project management job.

555
00:26:48,640 --> 00:26:50,840
Speaker 4: This is and this is very very, very big picture

556
00:26:50,920 --> 00:26:52,760
Speaker 4: and I don't normally put big picture out to the

557
00:26:52,800 --> 00:26:54,200
Speaker 4: world until I know what's going to happen.

558
00:26:54,200 --> 00:26:56,160
Speaker 2: So we're manifesting it. We're manifesting it.

559
00:26:56,320 --> 00:26:59,080
Speaker 4: We are so big picture would be that we have

560
00:26:59,200 --> 00:27:02,840
Speaker 4: enough machinery that we could potentially, you know, start a

561
00:27:02,920 --> 00:27:05,800
Speaker 4: sort of a civil branch and having that would need

562
00:27:05,840 --> 00:27:06,880
Speaker 4: a project manager.

563
00:27:07,119 --> 00:27:09,560
Speaker 2: It would it would need your skills.

564
00:27:09,080 --> 00:27:11,480
Speaker 4: Yes, so that's sort of I guess how we'd integrate

565
00:27:11,600 --> 00:27:14,120
Speaker 4: my skills into them coming full time into the business.

566
00:27:14,280 --> 00:27:16,320
Speaker 2: Oh my gosh, I'm so excited. But I also know

567
00:27:16,359 --> 00:27:19,280
Speaker 2: your skills are already being utilized in the business, Like

568
00:27:19,680 --> 00:27:23,280
Speaker 2: you need someone who can organize everything, like even just

569
00:27:23,359 --> 00:27:26,320
Speaker 2: down to when it's hired out when it's not hired out,

570
00:27:26,359 --> 00:27:30,200
Speaker 2: the like the facilities, getting it organized to be serviced,

571
00:27:30,280 --> 00:27:32,000
Speaker 2: like all of that stuff. I'm pretty sure you're in

572
00:27:32,080 --> 00:27:32,879
Speaker 2: charge of that, aren't you.

573
00:27:33,080 --> 00:27:36,639
Speaker 4: Yes, I am, so. I do all of that before

574
00:27:36,680 --> 00:27:38,960
Speaker 4: and after my I guess nine.

575
00:27:38,880 --> 00:27:41,600
Speaker 2: To five full time job, so she's working two jobs.

576
00:27:41,960 --> 00:27:44,760
Speaker 4: Yeah, so I, yeah, work full time. I do on

577
00:27:44,840 --> 00:27:47,600
Speaker 4: and off hire of machinery before and after work, so

578
00:27:48,400 --> 00:27:51,000
Speaker 4: you know, I might be doing it on hire at

579
00:27:51,000 --> 00:27:53,600
Speaker 4: six point thirty or seven o'clock in the morning, getting

580
00:27:53,640 --> 00:27:56,280
Speaker 4: that out and then coming to work the end of

581
00:27:56,320 --> 00:28:00,560
Speaker 4: the day, then finishing work, going doing off high, getting

582
00:28:00,600 --> 00:28:03,679
Speaker 4: it back, making sure it's clean field, et cetera. And

583
00:28:03,720 --> 00:28:07,680
Speaker 4: then I go home and manage our finances and you know, pay.

584
00:28:07,480 --> 00:28:09,240
Speaker 2: Bills and uh dinner.

585
00:28:09,960 --> 00:28:13,840
Speaker 4: Yeah that the last six months, I've learned about payroll.

586
00:28:13,960 --> 00:28:17,439
Speaker 4: I've learned about superinnuation and how to pay that. So

587
00:28:17,600 --> 00:28:21,159
Speaker 4: lots of little things within that I've learned how to do.

588
00:28:21,280 --> 00:28:24,520
Speaker 2: My Baz, how good. I'm so proud of you, But

589
00:28:24,680 --> 00:28:27,480
Speaker 2: also look at how hard you're working to create this

590
00:28:27,680 --> 00:28:30,600
Speaker 2: like epic level of financial freedom that you guys will

591
00:28:30,640 --> 00:28:33,440
Speaker 2: have in the future. Like I cannot wait, please, message

592
00:28:33,440 --> 00:28:35,920
Speaker 2: me and be like, the my business is now turning

593
00:28:35,920 --> 00:28:38,520
Speaker 2: over a million dollars, Like, I know it's coming. It's

594
00:28:38,560 --> 00:28:40,560
Speaker 2: just going to be a short period of time before

595
00:28:40,600 --> 00:28:43,600
Speaker 2: that happens. So I'm waiting for the message years go yes,

596
00:28:43,720 --> 00:28:46,720
Speaker 2: how good. I'm so excited for you. I feel like

597
00:28:46,760 --> 00:28:48,720
Speaker 2: you've got all of your ducks in a row. Tell me,

598
00:28:48,840 --> 00:28:50,840
Speaker 2: what do you think your best money habit is?

599
00:28:51,120 --> 00:28:54,440
Speaker 4: I think, honestly, for me, it's being across what's coming

600
00:28:54,440 --> 00:28:58,640
Speaker 4: in and what's going out. So I'm very old school

601
00:28:58,760 --> 00:29:01,520
Speaker 4: in that I will actually sit down, I will look

602
00:29:01,560 --> 00:29:04,880
Speaker 4: at everything. I have finally set up my direct debits

603
00:29:04,920 --> 00:29:08,240
Speaker 4: to have bills just coming out automatically, so that is good.

604
00:29:08,760 --> 00:29:12,680
Speaker 4: But I do still have a sit down and look

605
00:29:12,720 --> 00:29:15,560
Speaker 4: at everything and where we're up to. I sort of

606
00:29:15,560 --> 00:29:18,240
Speaker 4: sit my partner down and go, right, it's finance date night.

607
00:29:18,480 --> 00:29:20,640
Speaker 4: This is where we're at, this is what's going on.

608
00:29:21,000 --> 00:29:23,440
Speaker 4: He's like, perfect, We're good for another few weeks. We'll

609
00:29:23,480 --> 00:29:24,320
Speaker 4: chat about it. Then.

610
00:29:24,560 --> 00:29:27,360
Speaker 2: I love that. I love that so much. What's your

611
00:29:27,400 --> 00:29:28,160
Speaker 2: bad money havebit?

612
00:29:28,240 --> 00:29:28,440
Speaker 4: Then?

613
00:29:28,560 --> 00:29:30,760
Speaker 2: Is there one that you're like oo? This one always

614
00:29:30,800 --> 00:29:31,200
Speaker 2: gets me.

615
00:29:31,720 --> 00:29:34,440
Speaker 4: I don't know if it's a bad habit I think

616
00:29:34,600 --> 00:29:37,120
Speaker 4: the investment part. For me, I really want to get

617
00:29:37,120 --> 00:29:39,760
Speaker 4: on top of that. So for me, that's a bad

618
00:29:39,800 --> 00:29:42,120
Speaker 4: habit in that I haven't started it to let it

619
00:29:42,200 --> 00:29:43,160
Speaker 4: become a good habit.

620
00:29:43,280 --> 00:29:45,920
Speaker 2: Oh that is so easy, and honestly, I've just fixed it.

621
00:29:46,080 --> 00:29:48,920
Speaker 2: So like we are immediately in a plus because of that,

622
00:29:49,360 --> 00:29:49,720
Speaker 2: thank you.

623
00:29:50,280 --> 00:29:53,239
Speaker 4: But for me, I guess it's important for me to,

624
00:29:53,280 --> 00:29:57,000
Speaker 4: you know, go and enjoy a coffee or brunch and

625
00:29:57,040 --> 00:29:59,960
Speaker 4: take myself out and do those things. So I guess

626
00:30:00,320 --> 00:30:02,240
Speaker 4: the worst habit would be that I do that once

627
00:30:02,320 --> 00:30:04,240
Speaker 4: and then I'm like, oh, yeah, we should definitely do

628
00:30:04,320 --> 00:30:06,680
Speaker 4: this more often. And then I'm like, wait a second,

629
00:30:07,080 --> 00:30:09,760
Speaker 4: let's reule this back in and make it something to

630
00:30:09,880 --> 00:30:12,520
Speaker 4: enjoy rather than just spending that money.

631
00:30:12,560 --> 00:30:14,840
Speaker 2: But also, look at the life you're building that's going

632
00:30:14,880 --> 00:30:18,760
Speaker 2: to afford more coffees out more often. Like your lifestyle

633
00:30:18,840 --> 00:30:21,960
Speaker 2: can also scale. I mean, we always talk about lifestyle creep,

634
00:30:21,960 --> 00:30:24,160
Speaker 2: and that's really important to get a hold of if

635
00:30:24,200 --> 00:30:25,960
Speaker 2: it's not in line with your values and you're not

636
00:30:26,000 --> 00:30:28,880
Speaker 2: happy with it. But like when you earn more money

637
00:30:28,960 --> 00:30:30,960
Speaker 2: and you're working as hard as you do, I do

638
00:30:31,000 --> 00:30:33,040
Speaker 2: think that we deserve to enjoy it. I think that

639
00:30:33,080 --> 00:30:35,360
Speaker 2: we need to enjoy the journey, not just becoming rich

640
00:30:35,480 --> 00:30:38,280
Speaker 2: or not just becoming you know, the destination, Like if

641
00:30:38,320 --> 00:30:40,720
Speaker 2: you've got that free cash flow, like you don't work

642
00:30:40,760 --> 00:30:42,760
Speaker 2: as hard as you do to not enjoy life.

643
00:30:43,160 --> 00:30:45,600
Speaker 4: Yeah, that would probably be my worst habit. Actually, now

644
00:30:45,600 --> 00:30:49,280
Speaker 4: i'm thinking about it, is that I probably don't enjoy

645
00:30:49,320 --> 00:30:53,200
Speaker 4: it enough for what I could. I think you know,

646
00:30:53,480 --> 00:30:55,920
Speaker 4: as you say, we both have worked really really hard.

647
00:30:56,360 --> 00:30:59,320
Speaker 4: We're putting in the hours, and I think it's nice

648
00:30:59,320 --> 00:31:01,320
Speaker 4: to actually like, I actually, you know what, No, we

649
00:31:01,360 --> 00:31:03,600
Speaker 4: do deserve to spend that money on us.

650
00:31:03,960 --> 00:31:08,320
Speaker 2: That's like a stereotypical small business owner journey. And it's

651
00:31:08,360 --> 00:31:10,760
Speaker 2: taken me many years to be able to step back

652
00:31:10,800 --> 00:31:13,160
Speaker 2: and go, look what we've done. That's really cool and

653
00:31:13,240 --> 00:31:15,360
Speaker 2: celebrate it because I think that a lot of business

654
00:31:15,400 --> 00:31:19,000
Speaker 2: owners we work so hard and we put so much

655
00:31:19,000 --> 00:31:22,480
Speaker 2: pressure on ourselves that even though it's an achievement, it

656
00:31:22,560 --> 00:31:25,560
Speaker 2: actually feels like a weightlifted. So like when something happens

657
00:31:25,600 --> 00:31:28,360
Speaker 2: and you're like, oh, finally that happened or I achieved this,

658
00:31:28,560 --> 00:31:30,720
Speaker 2: you just feel light and you're like, okay, cool, I've

659
00:31:30,720 --> 00:31:32,600
Speaker 2: got to carry on though, because there's some more stuff

660
00:31:32,600 --> 00:31:35,360
Speaker 2: to do, and we don't give ourselves credit. And I

661
00:31:35,400 --> 00:31:38,840
Speaker 2: think that it is smart to integrate celebration into that

662
00:31:38,880 --> 00:31:40,360
Speaker 2: and go, all right, well, maybe we should go out

663
00:31:40,360 --> 00:31:42,400
Speaker 2: for a fancy dinner, or maybe we should you know,

664
00:31:42,680 --> 00:31:45,840
Speaker 2: treat ourselves or set something up that's a goal that

665
00:31:45,880 --> 00:31:48,560
Speaker 2: we're looking forward to. That's not a business goal because

666
00:31:48,880 --> 00:31:51,040
Speaker 2: we have something to work towards and give ourselves a

667
00:31:51,080 --> 00:31:53,720
Speaker 2: little bit of a break, but toxic small business owner

668
00:31:53,800 --> 00:31:56,600
Speaker 2: things which I can definitely relate to my friend.

669
00:31:56,760 --> 00:31:58,400
Speaker 4: It's nice to hear that that is not just me,

670
00:31:58,480 --> 00:32:00,440
Speaker 4: because it is all very, very very you to me.

671
00:32:00,640 --> 00:32:03,320
Speaker 2: So oh no, for years I didn't celebrate it. And

672
00:32:03,360 --> 00:32:06,280
Speaker 2: it's not because I wasn't grateful. I was really grateful,

673
00:32:06,320 --> 00:32:08,800
Speaker 2: but you just feel so overwhelmed and you just feel

674
00:32:08,800 --> 00:32:11,400
Speaker 2: like there's so much more to do, and like that's

675
00:32:11,480 --> 00:32:14,960
Speaker 2: great because I'm so motivated, but I just feel like,

676
00:32:15,040 --> 00:32:17,240
Speaker 2: oh my gosh, I'm glad that that's over. Or you know,

677
00:32:17,680 --> 00:32:19,760
Speaker 2: I remember winning an award in the next morning being

678
00:32:19,760 --> 00:32:21,560
Speaker 2: like okay, cool, Like I should go back to work

679
00:32:21,600 --> 00:32:23,240
Speaker 2: and my team will like that's so cool, and I

680
00:32:23,280 --> 00:32:24,840
Speaker 2: was like yep, yep, but I've got stuff to do

681
00:32:25,560 --> 00:32:27,480
Speaker 2: and then they're like, why don't you care? And I

682
00:32:27,520 --> 00:32:29,000
Speaker 2: was like, it's not that I don't care, it's that

683
00:32:29,040 --> 00:32:31,280
Speaker 2: I'm stressed because I feel like this adds more pressure.

684
00:32:31,640 --> 00:32:33,840
Speaker 2: Like the bigger I get, the more that I grow,

685
00:32:33,880 --> 00:32:36,840
Speaker 2: the more that I feel like I have to prove myself.

686
00:32:36,920 --> 00:32:38,920
Speaker 2: And that's not the case, right. The more I grow,

687
00:32:38,960 --> 00:32:41,840
Speaker 2: the more I should feel safe in what I've built.

688
00:32:42,320 --> 00:32:44,600
Speaker 2: But I think especially as women, we just put more

689
00:32:44,640 --> 00:32:46,760
Speaker 2: and more pressure on ourselves and we go, oh my gosh,

690
00:32:46,760 --> 00:32:48,920
Speaker 2: now I set this expectation that I did win this,

691
00:32:49,080 --> 00:32:51,040
Speaker 2: that people are going to expect more from me, or

692
00:32:51,280 --> 00:32:53,120
Speaker 2: you know, now I have a turnover of four hundred

693
00:32:53,120 --> 00:32:55,720
Speaker 2: thousand dollars, well next year. It would be really disappointing

694
00:32:55,720 --> 00:32:58,440
Speaker 2: if it was less like we're just not good at

695
00:32:58,440 --> 00:33:00,840
Speaker 2: celebrating ourselves and how if that can be?

696
00:33:01,120 --> 00:33:04,040
Speaker 4: Yeah, that is me, So that is that's myt it together.

697
00:33:04,520 --> 00:33:07,200
Speaker 2: I'll be I'll be your founder friend, and we can

698
00:33:07,360 --> 00:33:09,400
Speaker 2: we can celebrate our successes together.

699
00:33:09,600 --> 00:33:11,960
Speaker 4: And I think I think it's important to It's the

700
00:33:12,000 --> 00:33:14,760
Speaker 4: same as I guess reflecting on where we've been and

701
00:33:14,760 --> 00:33:18,080
Speaker 4: where we are now in that you know, it is amazing,

702
00:33:18,080 --> 00:33:20,640
Speaker 4: It is something to celebrate and be proud of as well.

703
00:33:20,880 --> 00:33:24,240
Speaker 2: I feel like it can also be a sidetrack founder conversation,

704
00:33:24,360 --> 00:33:28,720
Speaker 2: but it can also be really challenging if you're experiencing

705
00:33:28,760 --> 00:33:32,959
Speaker 2: this in isolation. So I am assuming that this is

706
00:33:33,280 --> 00:33:35,560
Speaker 2: you know, you said in your money story, I didn't

707
00:33:35,560 --> 00:33:38,520
Speaker 2: grow up around business. This isn't something that my parents had,

708
00:33:38,600 --> 00:33:40,720
Speaker 2: and I'm assuming that not many of your friends have

709
00:33:40,760 --> 00:33:44,280
Speaker 2: started businesses. It is really inspiring, your friends are really

710
00:33:44,280 --> 00:33:46,760
Speaker 2: happy for you, but it can be really challenging when

711
00:33:46,760 --> 00:33:48,720
Speaker 2: you're like, oh, wow, like I've got a business that's

712
00:33:48,720 --> 00:33:50,880
Speaker 2: turning over four hundred thousand dollars. I'm probably not going

713
00:33:50,960 --> 00:33:54,680
Speaker 2: to mention that at brunch because it's unrelatable, and you know,

714
00:33:54,720 --> 00:33:56,720
Speaker 2: there are these pain points that you'd love to chat

715
00:33:56,720 --> 00:34:00,000
Speaker 2: about with somebody, but also you feel bad because you're

716
00:34:00,000 --> 00:34:02,000
Speaker 2: friend has just said, oh my god, mortgage payments are

717
00:34:02,040 --> 00:34:04,320
Speaker 2: really really overwhelming, and you're like, oh, I'm just trying

718
00:34:04,320 --> 00:34:06,160
Speaker 2: to work out how to pay super or I'm trying

719
00:34:06,160 --> 00:34:08,120
Speaker 2: to work out how to do my best or you know,

720
00:34:08,280 --> 00:34:11,160
Speaker 2: I just I've finally worked out payroll, like these are

721
00:34:11,200 --> 00:34:14,759
Speaker 2: things that I struggled with. Because you want to talk

722
00:34:14,800 --> 00:34:17,480
Speaker 2: about how well you're doing, but not in a gloating way.

723
00:34:17,520 --> 00:34:19,160
Speaker 2: I want to talk about it because I've got stuff

724
00:34:19,160 --> 00:34:20,719
Speaker 2: to do and maybe I'm not doing this as well

725
00:34:20,760 --> 00:34:23,920
Speaker 2: as I could. But often in a friendship group that

726
00:34:24,000 --> 00:34:27,200
Speaker 2: doesn't have similar experiences, you can feel really like, oh,

727
00:34:27,280 --> 00:34:29,440
Speaker 2: they're going to think that I'm gloating when in the reality,

728
00:34:29,640 --> 00:34:32,040
Speaker 2: like the reality of the situation is I just need help.

729
00:34:32,080 --> 00:34:34,879
Speaker 2: I just want to vent. This is really stressful. But

730
00:34:35,040 --> 00:34:38,160
Speaker 2: because there's so much money often involved, you're like, this

731
00:34:38,320 --> 00:34:40,560
Speaker 2: is really stressful, but they're not going to appreciate that.

732
00:34:40,640 --> 00:34:42,759
Speaker 2: I'm not, you know, grateful for that.

733
00:34:42,840 --> 00:34:46,360
Speaker 4: It is. It's very, very, very difficult, and it is

734
00:34:46,400 --> 00:34:49,040
Speaker 4: a challenge that I have found obviously the last sort

735
00:34:49,040 --> 00:34:51,080
Speaker 4: of six months or so, and it is, you know,

736
00:34:51,239 --> 00:34:55,400
Speaker 4: conversations that my friends might be having are around you know,

737
00:34:55,440 --> 00:34:57,799
Speaker 4: what their toddlers are up to, and what sicknesses are

738
00:34:57,840 --> 00:34:59,800
Speaker 4: coming home from daycare and how they're dating.

739
00:35:00,160 --> 00:35:01,920
Speaker 2: Like, ah, this isn't relatable to me.

740
00:35:02,160 --> 00:35:04,279
Speaker 4: Oh, I'm like, I don't have kids, but can you

741
00:35:04,320 --> 00:35:05,680
Speaker 4: teach me how to pay someone?

742
00:35:06,440 --> 00:35:06,720
Speaker 2: Yes?

743
00:35:07,400 --> 00:35:11,040
Speaker 4: Please? I'm like, So it is very difficult, and it

744
00:35:11,080 --> 00:35:14,880
Speaker 4: is isolating, and I guess I'm not really sure, or

745
00:35:15,120 --> 00:35:18,399
Speaker 4: I guess what's out there in terms of support around that.

746
00:35:18,600 --> 00:35:21,600
Speaker 2: And the Business Bible community. My friend, I'm going to

747
00:35:21,640 --> 00:35:24,279
Speaker 2: revive that at some point in the near future because

748
00:35:24,280 --> 00:35:27,279
Speaker 2: we've just finished with our investing masterclass, but like, this

749
00:35:27,360 --> 00:35:29,200
Speaker 2: is the support that should be coming out of the

750
00:35:29,239 --> 00:35:31,719
Speaker 2: Business Bible community where you can be like, hey, is

751
00:35:31,760 --> 00:35:33,959
Speaker 2: there anyone who kind of wants to be my accountability buddy?

752
00:35:34,000 --> 00:35:35,920
Speaker 2: And you can text them and be like you got

753
00:35:35,920 --> 00:35:37,520
Speaker 2: a payroll and they'll be like yes, are you got

754
00:35:37,520 --> 00:35:39,200
Speaker 2: at super and you'll be like yes, be like cool,

755
00:35:39,239 --> 00:35:40,200
Speaker 2: let's jump on zoom.

756
00:35:40,280 --> 00:35:43,160
Speaker 4: Yeah, that's what we need, especially as women. I think

757
00:35:43,200 --> 00:35:46,480
Speaker 4: we need that in whether it's metropolitan or regional areas,

758
00:35:46,880 --> 00:35:50,200
Speaker 4: regardless of where we're located. I think that's something that

759
00:35:50,239 --> 00:35:53,560
Speaker 4: we need and to be around, I guess, and just

760
00:35:53,600 --> 00:35:56,640
Speaker 4: having conversations with other women that are out there absolutely

761
00:35:56,680 --> 00:36:00,200
Speaker 4: smashing it in business that would be really really you're

762
00:36:00,200 --> 00:36:02,239
Speaker 4: reviving I guess for me as well in that you

763
00:36:02,239 --> 00:36:04,520
Speaker 4: know what, Yes, we're all tired, but we can sit

764
00:36:04,560 --> 00:36:06,680
Speaker 4: and whine about it over a wine and that's okay

765
00:36:06,880 --> 00:36:08,000
Speaker 4: one hundred percent.

766
00:36:08,160 --> 00:36:10,440
Speaker 2: I feel like, sometimes, you know, I'll be like, oh,

767
00:36:10,480 --> 00:36:13,040
Speaker 2: I'm so exhausted today, and then I'll be like, oh,

768
00:36:13,200 --> 00:36:15,919
Speaker 2: probably shouldn't say that, because like, I'm grateful for where

769
00:36:15,920 --> 00:36:17,759
Speaker 2: I am, but at the same time, like I am

770
00:36:17,880 --> 00:36:22,840
Speaker 2: genuinely tiger, Like we all need a nap sometime. Yes, definitely,

771
00:36:23,120 --> 00:36:26,080
Speaker 2: Money Diarist, You've just told us this epic story, Like

772
00:36:26,280 --> 00:36:29,040
Speaker 2: it started with you making forty grand a year, realizing

773
00:36:29,080 --> 00:36:31,160
Speaker 2: that that wasn't working. Then it got better and you

774
00:36:31,200 --> 00:36:33,359
Speaker 2: were like, oh, I'm going to get this job earn

775
00:36:33,440 --> 00:36:35,560
Speaker 2: ninety grand a year. Then I find out that's plus

776
00:36:35,600 --> 00:36:37,080
Speaker 2: stuper and it's one hundred grand a year. Then I

777
00:36:37,080 --> 00:36:39,960
Speaker 2: find out you're a genius and you've basically organized this business.

778
00:36:40,000 --> 00:36:42,279
Speaker 2: You're turning over four hundred grand. Your goal is to

779
00:36:42,320 --> 00:36:45,160
Speaker 2: turn over a million next year. You're working everything out

780
00:36:45,200 --> 00:36:47,440
Speaker 2: on your own. You do live regionally, which makes it

781
00:36:47,520 --> 00:36:50,879
Speaker 2: even harder. You bought your first property earning sixty five grand.

782
00:36:50,880 --> 00:36:53,920
Speaker 2: There's just so much about you that I'm so impressed by.

783
00:36:54,239 --> 00:36:54,359
Speaker 3: You.

784
00:36:54,440 --> 00:36:56,440
Speaker 2: Literally think that your worst money habit is that you

785
00:36:56,480 --> 00:36:58,919
Speaker 2: don't know how to invest properly yet yet you've built

786
00:36:58,960 --> 00:37:01,880
Speaker 2: a business and you have more than two hundred thousand

787
00:37:01,920 --> 00:37:05,440
Speaker 2: dollars equity in your first property that you bought as

788
00:37:05,440 --> 00:37:08,600
Speaker 2: a single female, Like you told me that you were

789
00:37:08,600 --> 00:37:11,560
Speaker 2: a C I did. Are we gonna revisit that together

790
00:37:11,960 --> 00:37:13,760
Speaker 2: or are we gonna sweep it under the rug?

791
00:37:13,920 --> 00:37:14,040
Speaker 4: Like?

792
00:37:14,120 --> 00:37:16,759
Speaker 2: What are we doing about that C? Because now that

793
00:37:16,800 --> 00:37:18,680
Speaker 2: people have listened to this, they're gonna be like that

794
00:37:18,800 --> 00:37:20,600
Speaker 2: money darist full of shit.

795
00:37:22,000 --> 00:37:25,640
Speaker 4: Okay, let's I would settle with a B, maybe a

796
00:37:25,680 --> 00:37:26,480
Speaker 4: B plus?

797
00:37:26,760 --> 00:37:29,520
Speaker 2: What would make you an A plus? Like, I'm happy

798
00:37:29,520 --> 00:37:31,160
Speaker 2: for you to be whoever you want to be. I'm

799
00:37:31,160 --> 00:37:33,520
Speaker 2: never gonna argue, but I'm also gonna question it, But like,

800
00:37:33,760 --> 00:37:35,080
Speaker 2: what do you have to do to get to an

801
00:37:35,120 --> 00:37:37,680
Speaker 2: A plus? Because from my perspective, you're killing it. Yeah.

802
00:37:37,800 --> 00:37:40,359
Speaker 4: I think for me, like, obviously, if I can get

803
00:37:40,360 --> 00:37:43,759
Speaker 4: investing down pat and have that happening, that for me,

804
00:37:43,840 --> 00:37:46,239
Speaker 4: that would get me to an A. To have that

805
00:37:46,360 --> 00:37:49,799
Speaker 4: part there and be on top of it, that would

806
00:37:49,840 --> 00:37:52,040
Speaker 4: be my A. To get me to an AA plus

807
00:37:52,239 --> 00:37:55,680
Speaker 4: would be having two businesses up and running.

808
00:37:55,840 --> 00:37:59,320
Speaker 2: Oh no, biggie, yeah no, biggie, no pressure. I really

809
00:37:59,400 --> 00:38:01,640
Speaker 2: like that. Just really small.

810
00:38:01,239 --> 00:38:03,440
Speaker 4: Steps, small steps, baby steps.

811
00:38:03,520 --> 00:38:05,839
Speaker 2: Yes, I love that, But I also love that to

812
00:38:05,840 --> 00:38:08,680
Speaker 2: get to the A is really achievable and really easy,

813
00:38:08,680 --> 00:38:10,719
Speaker 2: and it's just about education and that's actually not going

814
00:38:10,760 --> 00:38:13,680
Speaker 2: to cost anything. So that is very cool, and I'm

815
00:38:13,800 --> 00:38:15,520
Speaker 2: very excited that I get to be on that journey

816
00:38:15,560 --> 00:38:18,600
Speaker 2: with you, Money Diarist. This has been honestly a pleasure.

817
00:38:18,719 --> 00:38:23,359
Speaker 2: I'm so excited. It is one reinvigorated my excitement for

818
00:38:23,520 --> 00:38:26,719
Speaker 2: you know, celebrating small business owners and helping them, and

819
00:38:26,960 --> 00:38:29,320
Speaker 2: you know, it reminds me. I have a book coming

820
00:38:29,320 --> 00:38:32,279
Speaker 2: out in November called The Business Bible, literally because I'm

821
00:38:32,320 --> 00:38:34,840
Speaker 2: so wildly passionate about this, and I know that that

822
00:38:35,000 --> 00:38:38,200
Speaker 2: is hopefully going to reinvigorate our community and like remind

823
00:38:38,320 --> 00:38:41,279
Speaker 2: people why we're here. But I just have a lot

824
00:38:41,320 --> 00:38:43,799
Speaker 2: to do in this space, and you have motivated me

825
00:38:43,920 --> 00:38:45,919
Speaker 2: to like dive back in and go, all right, small

826
00:38:45,960 --> 00:38:47,560
Speaker 2: business owners, what are we going to do? How can

827
00:38:47,600 --> 00:38:50,279
Speaker 2: I support you? Because these are the conversations we need

828
00:38:50,320 --> 00:38:53,560
Speaker 2: to be having. And you know what, our friends don't

829
00:38:53,600 --> 00:38:55,960
Speaker 2: want to hear it sometimes, and that is actually fine,

830
00:38:56,239 --> 00:38:58,360
Speaker 2: but sometimes we need to hear from a group of

831
00:38:58,400 --> 00:39:00,719
Speaker 2: people who are like, all right, tell me about bass

832
00:39:00,760 --> 00:39:02,759
Speaker 2: and I'd be like, oh my gosh, bane of my

833
00:39:02,840 --> 00:39:07,280
Speaker 2: existence and this is why, and you go, oh, totally relatable,

834
00:39:07,760 --> 00:39:10,440
Speaker 2: so money Host, it has been a pleasure. Thank you

835
00:39:10,480 --> 00:39:12,440
Speaker 2: so much for joining me. I do hope that our

836
00:39:12,480 --> 00:39:15,040
Speaker 2: paths cross at some point in the future. I know

837
00:39:15,120 --> 00:39:17,200
Speaker 2: they will, and when you're turning over a million dollars,

838
00:39:17,200 --> 00:39:18,440
Speaker 2: please message me. We need to know.

839
00:39:18,600 --> 00:39:21,040
Speaker 4: It absolutely will and I look forward to doing.

840
00:39:20,880 --> 00:39:30,600
Speaker 2: That, adore. Thank you so much. The advice shared on

841
00:39:30,760 --> 00:39:33,200
Speaker 2: She's on the Money is general in nature and does

842
00:39:33,239 --> 00:39:37,240
Speaker 2: not consider your individual circumstances. She's on the Money exists

843
00:39:37,360 --> 00:39:40,560
Speaker 2: purely for educational purposes and should not be relied upon

844
00:39:40,640 --> 00:39:43,680
Speaker 2: to make an investment or financial decision. If you do

845
00:39:43,800 --> 00:39:46,760
Speaker 2: choose to buy a financial product, read the PDS TMD

846
00:39:46,960 --> 00:39:51,239
Speaker 2: and obtain appropriate financial advice tailored towards your needs. Victoria

847
00:39:51,280 --> 00:39:54,799
Speaker 2: Divine and She's on the Money are authorized representatives of

848
00:39:54,880 --> 00:39:59,439
Speaker 2: Money showper Pty Ltd ABN three two one six, four nine,

849
00:39:59,520 --> 00:40:02,200
Speaker 2: two seven and seven zero eight a f s L

850
00:40:02,320 --> 00:40:05,720
Speaker 2: four five one two eight nine