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Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

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

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Speaker 1: Ganya Niana, Kaka yah Ya bin Ahaka nian Ar gay

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Speaker 1: In Mbina yakarum jar dominyamiga Umagahawakawaman damon Imlan Bumba bang

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

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

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

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

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

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

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Speaker 1: the tools, knowledge and resources for you to thrive.

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Speaker 2: She's on the Money.

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Speaker 3: She's on the Money. Hello, and welcome to She's on

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Speaker 3: the Money, the podcast that lets you be pervy about

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Speaker 3: other people's money habits for educational purposes, of course. Welcome

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Speaker 3: back to another one of our money daries where we

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Speaker 3: get the absolute pleasure of talking with one of our

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Speaker 3: incredible She's on the Money. Can community members all about

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Speaker 3: their journey. Let's jump straight into it, because this week

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Speaker 3: I got a message and it sounded exactly like this. Hi,

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Speaker 3: she's on the money. I always worked hard from a

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Speaker 3: young age. My husband he joined the navy and I

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Speaker 3: became a nurse. We purchased our first investment property the

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Speaker 3: year we got married, and a second investment property the

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Speaker 3: year our first daughter was born. Then it all fell apart.

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Speaker 3: The second investment property was a lemon. We were in

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Speaker 3: court with the builder for five years and lost everything.

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Speaker 3: But starting from zero again fourteen months ago, we have stay.

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Speaker 3: We have to one hundred thousand dollars and are now

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Speaker 3: looking to buy a new investment and forever home money.

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Speaker 3: Does that sounds like a roller coaster that I don't

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Speaker 3: want to be on.

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Speaker 2: No, I didn't want to be on an either.

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Speaker 3: It was absolutely awful, non consensual roller coaster. It was

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Speaker 3: just it was horrific. Oh my god, I'm so sorry.

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Speaker 2: We've come out the other side and ready to start again.

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Speaker 2: Oh God.

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Speaker 3: All right, Well, let's dive straight into it before I

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Speaker 3: ask you to tell me a little bit more. I

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Speaker 3: want to know what grade would you give your money

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Speaker 3: habits if I asked you to give them a grade

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Speaker 3: from A through to F. I would say, c all right,

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Speaker 3: that's A I'm in, that's middle ground, that's okay, Yeah,

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Speaker 3: that's all right. So tell me a bit more about

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Speaker 3: this money story. I feel like that's a like relatively

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Speaker 3: stereotypical love story. Met my husband, he went into the navy,

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Speaker 3: I became a nurse. We had a daughter, Like, how cute?

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Speaker 3: Tell me more?

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Speaker 2: Yeah, so, gosh, where to start. So I grew up

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Speaker 2: in like a normal kind of you know ouzsie household.

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Speaker 2: Parents worked really hard for everything. You know. I worked

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Speaker 2: from a very young age, you know, doing the paper

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Speaker 2: round and then baby sitting in the street, and then

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Speaker 2: you know, I started working at cam Up when I

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Speaker 2: was fifteen, and that's where I met my husband, packing shelves.

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Speaker 2: I came up, and then yeah we went off and

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Speaker 2: you know, went to UNI and got our full time jobs.

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Speaker 2: And I remember going to like the brick and brack

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Speaker 2: kind of markets and my dad handing me a book,

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Speaker 2: you know, the rich Dad, Poor Dad book, and.

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Speaker 3: Oh yeah, yeah, yeah. I feel like that had a

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Speaker 3: massive viral moment before virality was.

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Speaker 2: Effense, before all the you know, like you guys came along,

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Speaker 2: it was that was the Bible Book, and you know,

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Speaker 2: my parents really valued property and shares, and so we

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Speaker 2: didn't have a lot of money. We had like a

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Speaker 2: crappy car and you know, the bare minimum, but they

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Speaker 2: always had investments and that was kind of really dropped

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Speaker 2: into me. So I always wanted that for myself. So

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Speaker 2: kind of going down the line, we got married and

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Speaker 2: we had saved and got our first investment property in Brisbane.

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Speaker 2: It was a two bedroom, which was amazing, and then

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Speaker 2: we kept saving and used the equity off that to

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Speaker 2: purchase another property, which we thought, you know, perfect, another

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Speaker 2: two bedroom in our range.

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Speaker 3: The stepping stone that was part of the plan.

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Speaker 2: Yeah, well we were building the plan. We'd married, we'd had,

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Speaker 2: you know, had an investment property, we had our first

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Speaker 2: daughter bought the second investment property. I mean, all was

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Speaker 2: going fine. It was rented out, we were having good

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Speaker 2: rental return on it, no problems. So then we were

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Speaker 2: holidaying in Hawaii and we get a phone call from

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Speaker 2: the real estate going the whole place has flooded. No,

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Speaker 2: And I thought flooded, Like, what do you mean like

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Speaker 2: a little bit of water And she was like, no,

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Speaker 2: the furniture is floating. And I was like I don't

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Speaker 2: understand when you're talking about. We were the bottom unit,

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Speaker 2: so half of the unit was kind of built into

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Speaker 2: a hill.

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Speaker 3: Was that weather related or like did someone flo a bath?

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Speaker 3: Like how did this flood happen?

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Speaker 2: Well, it was rain, so it had come down the

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Speaker 2: hill and the way that the drainage was done outside

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Speaker 2: the property, it was draining straight into a.

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Speaker 3: Door, and that's something the builder absolutely should have factor

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Speaker 3: it in with their design. That's okay.

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Speaker 2: So that's where it kind of began. And so it's

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Speaker 2: kind of in a country town, so we were having

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Speaker 2: to source water pumps and cup you know, to pump

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Speaker 2: the water out. And obviously, like I'm on a different

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Speaker 2: time zone, I'm in Hawaii, you know, this had to

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Speaker 2: be dealt with there. And then it was so stressful

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Speaker 2: and so obviously our tenant had to move out straight away. Yeah,

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Speaker 2: and then when we got down to the nitty gritty

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Speaker 2: of it, we got an engineer in to have a

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Speaker 2: look and he was like, I don't think this wall

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Speaker 2: that's built into the hill is waterproofed. And I was like,

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Speaker 2: what do you mean? And he's like, the better block

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Speaker 2: is so damp, and I thought, oh, that's weird.

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Speaker 3: Yeah, because like I don't mean to be offensive. I

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Speaker 3: haven't asked you what you do for work yet, but like,

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Speaker 3: why would you know that it was meant to be

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Speaker 3: waterproof either? Is the builder and the like designer meant

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Speaker 3: to know? And you're probably like, okay.

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Speaker 2: So it's dare Well, it gets a bit more deep.

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Speaker 3: I'm listening. I'm listening.

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Speaker 2: Sorry. So then all of a sudden he's looking around.

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Speaker 2: He's going, I don't think this bathrooms waterproofed either, And

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Speaker 2: then he went upstairs to the unit above because we

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Speaker 2: started getting like moisture on the roof in front of

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Speaker 2: the bedrooms, and he's like, the bathroom above you isn't

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Speaker 2: waterproofed because the shower was leaking into one of the rooms.

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Speaker 2: And so then we've got a structural engineer in and

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Speaker 2: he kind of went through and said, oh my gosh,

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Speaker 2: before units in this strata a shot, this builder has

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Speaker 2: just done the dodgy Oh no.

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Speaker 3: And waterproofing.

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Speaker 2: Sorry, isn't that just space.

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Speaker 3: I know that I've got no idea when it comes

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Speaker 3: to building, but like waterproofing, I know that's a thing.

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Speaker 3: I don't know how to do it, but I know

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Speaker 3: it needs doing.

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Speaker 2: One hundred percent. How can you have a wet space

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Speaker 2: that isn't waterproofed, or have a bil building that's built

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Speaker 2: into a hill not waterproofed between the building anyway, It

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Speaker 2: was a nightmare. And so then when we started looking

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Speaker 2: into it, this builder was in multiple lawsuits with multiple

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Speaker 2: different people.

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Speaker 3: No, and that's like the last thing you want to see,

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Speaker 3: because you go, this guy, this ain't his first radio.

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Speaker 2: He is a total con artist. And then when we

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Speaker 2: started going down the line, we realized that the real

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Speaker 2: estate agent that sold it to us was a friend

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Speaker 2: of his, and the building and pest inspection guy was

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Speaker 2: a friend of his. And it was just this massive,

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Speaker 2: big scheme. It was just, you know, we got sucked in.

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Speaker 3: So they all still have jobs? Do they all still work?

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Speaker 2: Well? I got the builder's license revoked.

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Speaker 3: Oh good job, queen, Yes I did.

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Speaker 2: But then you know what he did. He went off

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Speaker 2: and started building demountables on his property and selling those

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Speaker 2: which were dodgy.

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Speaker 3: Yeah, of course he did.

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Speaker 2: So you know, they find a way. They closed down

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Speaker 2: their business, open up a new ABN and start summerfresh.

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Speaker 2: All the organizations and the government everyone protects the builders.

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Speaker 2: They don't protect the buyer, which is really unfortunate. So

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Speaker 2: we obviously because it was a new home we had

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Speaker 2: the new homeowners like the seven year warranty period that

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Speaker 2: did nothing for us. Long story short, we had to

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Speaker 2: get all the strata involved and take him to court.

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Speaker 2: It dragged on actually seven months now I look back

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Speaker 2: on Oh, and during that time we couldn't sustain having

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Speaker 2: a property that had no rental income. So we're paying

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Speaker 2: the mortgage, the strata, the land rates and so we

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Speaker 2: unfortunately had to sell our first investment property in Brisbane

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Speaker 2: because I couldn't float them both. But I couldn't sell

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Speaker 2: this one.

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Speaker 3: No, absolutely not. And you had a kid as well,

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Speaker 3: Like absolutely no.

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Speaker 2: So we lost that property, which was really sad because

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Speaker 2: it'd be worth a lot today.

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Speaker 3: Do you know what we're not thinking about that there

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Speaker 3: is a reason this stuff happens, and it's really terrible.

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Speaker 3: But like, give me ten years and you're going to

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Speaker 3: come back and be like, oh, guess what we've done.

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Speaker 3: I know, best thing ever And that's shit because when

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Speaker 3: the light at the end of the tunnel hasn't been

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Speaker 3: reached yet, so it does feel like trash. But like

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Speaker 3: I just I think we need to have a toxic

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Speaker 3: level of optimism sometimes to help ourselves through these situations.

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Speaker 2: I'm there now, but you know me. Eighteen months ago

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Speaker 2: it was in a hole. So we sold that investment property.

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Speaker 2: We did get a settlement, but it had to be

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Speaker 2: split between It was for rectification, so they said, this

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Speaker 2: is what needs to be fixed in each individual unit.

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Speaker 2: This is how much it will cost to rectify it.

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Speaker 2: But that was done like, say, three years ago. So

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Speaker 2: by the time we got the money three years later,

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Speaker 2: obviously the cost of everything's gone up, the cost of labor,

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Speaker 2: the cost of the actual building supplies, so it couldn't

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Speaker 2: cover anything. So our only option was we stripped the

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Speaker 2: place bare back to its bare bones, and we sold

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Speaker 2: it as is, and we solved it for half of

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Speaker 2: what we bought it for. No, but also that's the

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Speaker 2: best thing, the only way we could do it, because

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Speaker 2: no one wanted to touch it, because all the locals

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Speaker 2: knew the builder, they knew that they were buying somewhat lemon.

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Speaker 2: So we sold it with enough to close the mortgage,

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Speaker 2: and that left us at zero zero dollars in the bank.

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Speaker 2: I had a little bit of investments, not much like

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Speaker 2: five thousand here. Blah blah blah, I had to close

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Speaker 2: all those pull everything that I had. We had to

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Speaker 2: borrow twenty grand from my partner's mum just to close it.

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Speaker 3: But that's just another level of stress.

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Speaker 2: Yeah, but you know what, like it's done and it's

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Speaker 2: gone and we started rebuilding financially.

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Speaker 3: How bloody is stressful. I'm so sorry you've gone through that.

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Speaker 3: I wish we could like name and shame and be like,

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Speaker 3: don't talk to this agent. We don't talk to this

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Speaker 3: building and past inspector, Like, ill, that's so gross. I'm

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Speaker 3: really sorry that you've been through that. Tell me a

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Speaker 3: little bit more about your family though you said we

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Speaker 3: had our first daughter, Yes, does that mean that there

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Speaker 3: are more children?

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Speaker 2: We have two girls, one is nine and one is

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Speaker 2: it Oh gorge a and they are a delight. They're

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Speaker 2: really good girls.

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Speaker 3: I love that. And then tell me more about this,

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Speaker 3: Like you met your husband he joined the navy. I

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Speaker 3: feel like that means that he might have spent a

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Speaker 3: lot of time away, Like how did that work in

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Speaker 3: your marriage, especially when you like first got married, Like,

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Speaker 3: I don't know, I wouldn't love having my husband away

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Speaker 3: all the time.

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Speaker 2: No, I'm needy, you say, really needy too, and I'm

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Speaker 2: actually looking back on the periods of when he was away.

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Speaker 2: Was quite dark period, but.

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Speaker 3: Good to talk about because I'm sure that you're not

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Speaker 3: the only one that experienced so no.

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Speaker 2: And I meet so many people you know, with partners

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Speaker 2: and defense or have their dads been in defense, and

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Speaker 2: they've got stories growing up of you know, feeling really lonely.

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Speaker 2: It is really hard because you move away from your family.

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Speaker 2: So we're originally from Queensland. When he joined the navy,

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Speaker 2: we obviously moved down to Melbourne, down to Cerberus and

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Speaker 2: lived down there, which was fun. But then we moved

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Speaker 2: to Sydney and he went away a lot and deployments

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Speaker 2: could be anywhere from twelve weeks and the longest one

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Speaker 2: he did was nine months, and that was when I

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Speaker 2: was pregnant with my first daughter. So I'm living in Sydney,

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Speaker 2: I'm pregnant, I'm working full time shiftwork as a.

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Speaker 3: Nurse, and you're going home and there's nobody to rub

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Speaker 3: your feet or tell you it's okay, or Fiji strawberry

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Speaker 3: ice cream or do any of those things that you

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Speaker 3: deserve when you are pregnant.

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Speaker 2: Driving myself to the hospital with a breech baby where

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Speaker 2: I can't breathe, like, do you know? It was a lot.

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Speaker 2: He came back a week before I had her.

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Speaker 3: Oh I'm glad. I was about to say, did you

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Speaker 3: drive yourself to the hospital because you gave birth without him? No?

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Speaker 2: No, no, I'm very lucky. But I'm a midwife as well.

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Speaker 3: And oh you were prepared. You didn't even need him.

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Speaker 2: To need him. But there was a few times where

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Speaker 2: I was in births with women whose husbands were in

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Speaker 2: defense and they were just there with their neighbor or

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Speaker 2: a birth partner.

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Speaker 3: But you know what, you're the midwife they needed at

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Speaker 3: that moment, because you would have been like, I get

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Speaker 3: a girl, that's my stitch too, let's do this. Yeah,

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Speaker 3: there would have been some good vibes in those rooms.

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Speaker 2: Yeah. No, we actually we had fun and we had

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Speaker 2: to laugh like it is hard. So we had our

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Speaker 2: first daughter. And then three months later he had to

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Speaker 2: go on a deployment again, and at this time, so

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Speaker 2: we packed up. I packed up my life in Sydney,

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Speaker 2: left all my girlfriends, my beautiful house on the Northern Beaches,

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Speaker 2: and went back and lived with mum and dad in Brisil,

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Speaker 2: because like, what was I doing was I'm Mattley sitting

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Speaker 2: in a house by myself with a newborn, and I

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Speaker 2: was like, I'm not doing this.

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Speaker 3: You know what, that's the best option and if that's

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Speaker 3: an opportunity for you, Like, do you know what, your

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Speaker 3: parents probably loved it.

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Speaker 2: Yeah, so mom and dad loved it because you know,

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Speaker 2: my daughter was the first grandchild, and obviously my brothers

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Speaker 2: and sisters were all up there. So no, it was

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Speaker 2: it was nice. But in a way it was good

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Speaker 2: because that's when the whole debacle happened, you know, Like

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Speaker 2: I was up in Brisy, we went over to Hawaii

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Speaker 2: to visit him on a deployment and that's where it

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Speaker 2: all fell apart.

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Speaker 3: So oh how stressful, very stressful.

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Speaker 2: But since then we've moved to around a bit. We

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Speaker 2: moved them back up to Brisbane where we had our

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Speaker 2: second daughter, which was really lovely, and then we got

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Speaker 2: posted back to Victoria at the beginning of COVID, which

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Speaker 2: was like the perfect timing. Moved down there for lockdown,

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Speaker 2: and then we moved to our current location in Canberra

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Speaker 2: the week that lockdown ended.

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Speaker 3: Oh perfect, So you really got to experience Melbourne for

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Speaker 3: its best.

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Speaker 2: Yeah, it was an interesting time, interesting time. And so

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Speaker 2: now we're up here and my husband's working here in Canberra.

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Speaker 2: He works full time. I work casually, but I still

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Speaker 2: I do about three days a week. And yeah, we're

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Speaker 2: just living our best lives.

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Speaker 3: So tell me a bit more about your career, because

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Speaker 3: when you are married to somebody in defense or married

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Speaker 3: to someone who has a similar job, there's a lot

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Speaker 3: of compromise that you would have had to make in

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Speaker 3: your career and in your life and in the jobs

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Speaker 3: that you take or can't take to make sure that

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Speaker 3: his dreams are reality. Right, So you know, I don't

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Speaker 3: think anyone who's still married to their partner and still

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Speaker 3: love their partner is like holding any animosity, but it's

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Speaker 3: still a good conversation to be had. So, how has

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Speaker 3: this impacted your career and what that looks like for

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Speaker 3: your income generation.

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Speaker 2: It actually hasn't, and I think I'm one of the

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Speaker 2: lucky ones. Like I know, it's a bit like cliche

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Speaker 2: a nurse and a sailor, but it actually works really well.

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Speaker 2: Because so I obviously, like before I had the girls,

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Speaker 2: I was working full time. I did me, he did him,

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Speaker 2: and that just worked with the girls and having kids

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Speaker 2: and moving and not having any support network every time

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Speaker 2: you move, because you're starting from zero with friendships. I'm lucky.

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Speaker 2: I'm in a job that's really social and you know,

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Speaker 2: us nurses kind of we will gather together and we

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Speaker 2: become our own little families, which is lovely, which I've

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Speaker 2: got here in Canberra. But since I had my first daughter,

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Speaker 2: I've stayed casual, and I know that has its disadvantages

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Speaker 2: in regards to obviously like long service and sick leave.

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Speaker 2: But in the same breath, I do get a twenty

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Speaker 2: five percent.

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Speaker 3: Penalty yah, which is you're casual.

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Speaker 2: So in a way it kind of works out. And

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Speaker 2: it just means that I work when I want to work,

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Speaker 2: and I don't work when I want to work, and

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Speaker 2: I can have the school holidays off, I can have Christmas.

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Speaker 2: I'm not fighting rosters. I'm not fighting people, you know,

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Speaker 2: to get time off. And also I think because I

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Speaker 2: do shift work, those extra penalties stack them, stacks me up.

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Speaker 2: So I was really quite surprised when I looked at like,

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Speaker 2: I don't kind of look at how much I earn

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Speaker 2: over the year. But when I did my tax this year,

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Speaker 2: my tax consult was like, oh, you've got ninety four

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Speaker 2: thousand this year, and I was like, what, no way,

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Speaker 2: excuse me.

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Speaker 3: So you're a ninety four thousand dollars earning casual midwife.

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Speaker 3: Is that correct? Like when you say that you're nurse,

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Speaker 3: like you're trained as a midwife or you like, what

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Speaker 3: type of nursing we doing?

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Speaker 2: Oh, I'm currently an intensive care nurse, so I work

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Speaker 2: in oh okayo care. So that's what I've done my

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Speaker 2: whole career. I just got a little bit bored the

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Speaker 2: year before I had my daughter, so I just decided, Oh,

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Speaker 2: I'm just going to go off and become a midwife.

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Speaker 2: It was really hard. It's really like all the nurses

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Speaker 2: out there that want to become a midwife like, go

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Speaker 2: for it. But that graduate diploma is hot.

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Speaker 3: Yeah, I can imagine.

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Speaker 2: Yeah, you're not only at UNI, but you're working and

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Speaker 2: there's so much involved and you have to be you

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Speaker 2: have to follow twenty women and be at five of

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Speaker 2: their appointments and then at their birth, and then after

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Speaker 2: birth you have to go to appointments. And that's for

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Speaker 2: twenty women, not just one. So it's like you're working

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Speaker 2: full time times too.

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Speaker 3: Yeah that's crazy, and like, don't get me wrong, I'm grateful.

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Speaker 2: But it's rewarding. But I find my passion is intensive care,

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Speaker 2: but the hospital that I work at I get to

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Speaker 2: do both. So I work a lot in intensive care,

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Speaker 2: but then I kind of can run downstairs and go

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Speaker 2: to maternity and play down there when they're short, so

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Speaker 2: I kind of get the best of both worlds.

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Speaker 3: I kind of would love that. Like I hated giving birth,

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Speaker 3: ended up in an emergency Caesar, so I just wasn't

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Speaker 3: actually that good at it. Yeah that's not good. I

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Speaker 3: mean I also had a posteria labor, which I didn't

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Speaker 3: know about until like when they were doing a C section,

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Speaker 3: They're like, no, wonder this hurt you for twenty four

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Speaker 3: hours while you were refusing all pain relief, Like I

374
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Speaker 3: was cooked? Why did you do that? And be like

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Speaker 3: I didn't know. So he didn't want to come out.

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Speaker 3: He came out the sunroof, which is absolutely fine, like

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Speaker 3: and he's maintained that level of bougie since then. But

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Speaker 3: tell me, I feel like at all intensive care would

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Speaker 3: be a lot, like mentally physically, Like that just sounds

380
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Speaker 3: very demanding.

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Speaker 2: A yeah it is. I've done it now for what

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Speaker 2: fifteen years? It is a lot, because you kind of

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Speaker 2: you see people at the most vulnerable. You see people

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Speaker 2: coming to the reality that you know they're coming to

385
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Speaker 2: the end of their life. You see massive traumas and

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Speaker 2: you know, dealing with things like suicide and or just

387
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Speaker 2: you know, we've had a lot of young mums recently

388
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Speaker 2: that have needed intubation because of flu and COVID and

389
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Speaker 2: having you know, little kids like five and eight year

390
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Speaker 2: olds in the room balling like it's really really hard.

391
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Speaker 2: But again, it's the adrenaline I love. I love the

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Speaker 2: excitement of a sick patient. I know that sounds odd, no.

393
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Speaker 3: No, no, but like I want you to say that,

394
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Speaker 3: Like if I'm in intensive care, I want the nurse

395
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Speaker 3: to be like passionate about the stuff she's doing, not

396
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Speaker 3: like nonchalant, doesn't want to be here, can't wait for

397
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Speaker 3: a break, Like that's not what I want to hear

398
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Speaker 3: in ICU.

399
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Speaker 2: No, we get the thrill and the excitement of you know,

400
00:19:40,840 --> 00:19:43,240
Speaker 2: hearing that piece. You know, really sick people are coming.

401
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Speaker 3: In, getting stuff done and then debriefing after.

402
00:19:45,560 --> 00:19:49,159
Speaker 2: Yeah, but saying that, there's a lot of burnout and

403
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Speaker 2: I feel like I'm kind of at getting to that point.

404
00:19:53,840 --> 00:19:57,320
Speaker 2: So I've actually starting a new role in three weeks

405
00:19:58,080 --> 00:20:01,880
Speaker 2: working from home gig, which is amazing because it means

406
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Speaker 2: that I can work more hours and longer hours, and

407
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Speaker 2: I'll still work in the hospital.

408
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Speaker 3: I was about to say, and you're still casual, so

409
00:20:07,640 --> 00:20:09,680
Speaker 3: you could probably pick up some stuff there and EBB

410
00:20:09,760 --> 00:20:10,160
Speaker 3: and flow.

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Speaker 2: Yeah, so I'm going to do the working from home

412
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Speaker 2: stuff in the week and then they're on Sunday, go

413
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Speaker 2: up and pick up my double time rates.

414
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Speaker 3: And I was about to say, Sunday rays, you can't

415
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Speaker 3: give that up.

416
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Speaker 2: That's just the one shift you cannot give up. So yeah,

417
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Speaker 2: I'm just kind of diverting a little bit, giving my

418
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Speaker 2: physical and mental health a bit of a break.

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Speaker 3: No, I think that that's really smart, because that's why

420
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Speaker 3: I was like, oh, ad, all intensive care sounds real

421
00:20:34,119 --> 00:20:36,359
Speaker 3: heavy like, and don't get me wrong, I think it

422
00:20:36,440 --> 00:20:38,680
Speaker 3: takes a very special person. And I'm getting that energy

423
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Speaker 3: from you that if I was sick, I want you

424
00:20:41,160 --> 00:20:43,000
Speaker 3: to look after me, like I just know I'd be

425
00:20:43,040 --> 00:20:45,280
Speaker 3: in good hands. But I just know that that comes

426
00:20:45,320 --> 00:20:48,240
Speaker 3: at your own emotional costs and your own burnout, and

427
00:20:48,400 --> 00:20:52,199
Speaker 3: like it's really shitty, but like that's the industry because

428
00:20:52,600 --> 00:20:54,640
Speaker 3: you know what if nurses, and I don't want nurses

429
00:20:54,680 --> 00:20:57,800
Speaker 3: to blourn out like that's awful. But also they're the

430
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Speaker 3: types of people that you want in the industry because

431
00:21:00,040 --> 00:21:02,720
Speaker 3: they're giving it. Literally they're all and you're kind of like, well,

432
00:21:03,040 --> 00:21:05,560
Speaker 3: that's why you guys should get paid more. Like ninety

433
00:21:05,600 --> 00:21:07,399
Speaker 3: four thousand dollars a year is great, but it's just

434
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Speaker 3: simply not enough from my perspective. So tell me a

435
00:21:10,960 --> 00:21:13,480
Speaker 3: little bit more about your next new role that you

436
00:21:13,560 --> 00:21:15,639
Speaker 3: start in three weeks work from home. What type of

437
00:21:15,680 --> 00:21:16,760
Speaker 3: salary changes a week?

438
00:21:16,800 --> 00:21:19,840
Speaker 2: And I see, so it's only a few extra dollars

439
00:21:20,119 --> 00:21:24,399
Speaker 2: an hour, but it just means that I can be

440
00:21:24,440 --> 00:21:28,080
Speaker 2: available to do more days. So currently in the hospital,

441
00:21:28,280 --> 00:21:31,000
Speaker 2: I do two ten hour night shifts a week.

442
00:21:31,200 --> 00:21:32,760
Speaker 3: Oh wow, okay, yep, yep.

443
00:21:32,720 --> 00:21:35,680
Speaker 2: And then I do an eight hour afternoon shift on

444
00:21:35,720 --> 00:21:40,840
Speaker 2: a Sunday, and I normally do an overtime, which terrible,

445
00:21:40,880 --> 00:21:43,760
Speaker 2: but it's like an eighteen hour solid shift.

446
00:21:44,000 --> 00:21:45,840
Speaker 3: Oh my gosh, I would simply pass away. Yeah, and

447
00:21:45,920 --> 00:21:47,159
Speaker 3: that's wh I'm feeling a bit burnt out.

448
00:21:47,800 --> 00:21:50,239
Speaker 2: Yeah, I get that the money's so good that it's

449
00:21:50,359 --> 00:21:53,040
Speaker 2: really hard to like say no when they say not

450
00:21:53,200 --> 00:21:57,320
Speaker 2: to you. Yeah, So I can only kind of night shifts.

451
00:21:57,320 --> 00:22:00,560
Speaker 2: I can only really mentally do two a week, and

452
00:22:00,680 --> 00:22:02,359
Speaker 2: then you know, you don't really sleep very well, and

453
00:22:02,440 --> 00:22:05,240
Speaker 2: then the day after you're absolutely wrecked, and so you're

454
00:22:05,320 --> 00:22:09,159
Speaker 2: kind of losing three four days just for two shifts.

455
00:22:09,840 --> 00:22:12,720
Speaker 2: So I thought doing this working from home, so it's

456
00:22:12,800 --> 00:22:15,720
Speaker 2: more like a telehealth kind of thing, which I did previously.

457
00:22:15,840 --> 00:22:18,359
Speaker 2: So when I was down in Victoria during COVID, I

458
00:22:18,440 --> 00:22:21,000
Speaker 2: had a telehealth contract where I could work from home.

459
00:22:21,160 --> 00:22:23,680
Speaker 2: And you know, like when I know other people around

460
00:22:23,720 --> 00:22:25,760
Speaker 2: the country didn't do this, but in Victoria, if you

461
00:22:25,840 --> 00:22:28,040
Speaker 2: test a positive for COVID, you went onto a register

462
00:22:28,640 --> 00:22:30,880
Speaker 2: and then a nurse would call you and go through

463
00:22:30,920 --> 00:22:33,840
Speaker 2: your symptoms and triase you to say, look, you're safe

464
00:22:33,880 --> 00:22:35,719
Speaker 2: to stay at home, or you need to call an

465
00:22:35,720 --> 00:22:38,720
Speaker 2: ambulance or you know, or go to your GP. This

466
00:22:38,920 --> 00:22:42,119
Speaker 2: is kind of similar, but it's more like a health

467
00:22:42,359 --> 00:22:45,800
Speaker 2: hotline where the public have symptoms and they call in

468
00:22:45,880 --> 00:22:47,880
Speaker 2: and then we can triage them. And it's to kind

469
00:22:47,920 --> 00:22:52,040
Speaker 2: of decrease the foot traffic through emergency departments. And we

470
00:22:52,200 --> 00:22:55,080
Speaker 2: still see it. People rock up with a cut on

471
00:22:55,160 --> 00:22:57,480
Speaker 2: their finger or still shoulder.

472
00:22:57,680 --> 00:23:01,119
Speaker 3: But then why why like to and this is I

473
00:23:01,160 --> 00:23:03,880
Speaker 3: guess why there's this whole side conversation about the urgent

474
00:23:03,960 --> 00:23:07,120
Speaker 3: care facilities that are being implemented. I think is maybe

475
00:23:07,280 --> 00:23:11,399
Speaker 3: Victoria specific, but across Australia maybe we're getting urgent care

476
00:23:11,440 --> 00:23:15,200
Speaker 3: facilities to take the load off the emergency departments. And

477
00:23:15,320 --> 00:23:17,320
Speaker 3: they often recommend you can go here and you know what,

478
00:23:17,480 --> 00:23:20,040
Speaker 3: if stuff's really bad, we'll take you to the hospital,

479
00:23:20,520 --> 00:23:23,240
Speaker 3: which I think is so so smart. Yeah, one hundred percent,

480
00:23:23,359 --> 00:23:25,720
Speaker 3: it's wild. And then you've got the little old ladies

481
00:23:26,080 --> 00:23:28,840
Speaker 3: who are like, no, it's fine, I feel fine, but

482
00:23:29,000 --> 00:23:31,720
Speaker 3: I'm basically having all the symptoms of a stroke. Don't

483
00:23:31,720 --> 00:23:34,639
Speaker 3: worry about me, ducky, And you're like, no.

484
00:23:35,920 --> 00:23:38,639
Speaker 2: Yep, And you know that's so true. Like when I

485
00:23:38,760 --> 00:23:41,320
Speaker 2: was doing the COVID hotline, I meant speak to a

486
00:23:41,440 --> 00:23:44,639
Speaker 2: man and I wrung him and I said, oh, you know,

487
00:23:44,720 --> 00:23:46,680
Speaker 2: I was doing his health check and he says, oh yeah,

488
00:23:46,720 --> 00:23:49,520
Speaker 2: I'm at my parents' house and they both have COVID

489
00:23:49,800 --> 00:23:52,320
Speaker 2: and I'm peering through the window and I can see

490
00:23:52,400 --> 00:23:57,480
Speaker 2: them both like lying on the floor. Oh no. We said, oh, well,

491
00:23:57,520 --> 00:23:59,879
Speaker 2: what's what you know, what's their health background? Like, can

492
00:23:59,920 --> 00:24:01,960
Speaker 2: you tell me the history and he said, oh, they're

493
00:24:01,960 --> 00:24:05,560
Speaker 2: both diabetic. And I said, well, you need to get

494
00:24:05,560 --> 00:24:07,159
Speaker 2: off the phone. You need to call an ambulance. I'm

495
00:24:07,160 --> 00:24:08,520
Speaker 2: going to call back in half an hour and then

496
00:24:08,560 --> 00:24:11,639
Speaker 2: we can go. But you know, like sometimes people are

497
00:24:11,760 --> 00:24:14,960
Speaker 2: so nervous to call triple zero to ask for help,

498
00:24:15,320 --> 00:24:18,480
Speaker 2: and you get into situations like this where, yeah, you

499
00:24:18,560 --> 00:24:20,480
Speaker 2: do get people that will just sit at home and

500
00:24:21,359 --> 00:24:24,600
Speaker 2: deteriorate and it would be like the last second before

501
00:24:24,600 --> 00:24:26,040
Speaker 2: they call an ambulance. And then you have the other

502
00:24:26,119 --> 00:24:28,920
Speaker 2: side where people just I don't know if they just

503
00:24:29,000 --> 00:24:31,159
Speaker 2: want some human interaction or it.

504
00:24:31,240 --> 00:24:34,640
Speaker 3: Hurts when I press my finger everywhere. That's crazy. That's

505
00:24:34,640 --> 00:24:36,320
Speaker 3: because your finger has a cut on it.

506
00:24:36,760 --> 00:24:37,800
Speaker 2: Yeah, we see it all the time.

507
00:24:38,119 --> 00:24:41,800
Speaker 3: So I don't like that for you, that would be very,

508
00:24:42,040 --> 00:24:44,480
Speaker 3: very frustrating. Let's give it a little bit. I want

509
00:24:44,520 --> 00:24:47,639
Speaker 3: to talk about your money goals. So obviously you guys

510
00:24:47,760 --> 00:24:50,640
Speaker 3: are starting from zero again as of fourteen months ago.

511
00:24:51,480 --> 00:24:55,480
Speaker 3: But sorry, if saved one hundred grant so that's pretty impressive. Yeah,

512
00:24:55,720 --> 00:24:57,480
Speaker 3: I don't actually know how we did that, but okay,

513
00:24:58,000 --> 00:25:00,479
Speaker 3: you did though, Yeah you did though that it's very

514
00:25:00,600 --> 00:25:02,600
Speaker 3: very impressive. So talk me through like, what are your

515
00:25:02,600 --> 00:25:05,080
Speaker 3: big money goals, because clearly you're working towards them.

516
00:25:05,359 --> 00:25:08,000
Speaker 2: So we currently live in Defence Housing and we want

517
00:25:08,040 --> 00:25:10,560
Speaker 2: to move back to Queensland to be closer to our family.

518
00:25:11,040 --> 00:25:14,760
Speaker 2: My husband is still contracted to Defense for another two

519
00:25:14,840 --> 00:25:17,359
Speaker 2: and a bit years, so like, I just want that

520
00:25:17,480 --> 00:25:20,399
Speaker 2: forever home. I've always had investment properties, and I've always

521
00:25:20,520 --> 00:25:24,080
Speaker 2: lived in Defence Housing where I can't paint the walls,

522
00:25:24,560 --> 00:25:27,159
Speaker 2: like and I can't change the carpet and I can't

523
00:25:27,480 --> 00:25:30,879
Speaker 2: rent over kitchen, and I just want something that's my

524
00:25:31,000 --> 00:25:34,120
Speaker 2: own and I don't care how crappy and run down

525
00:25:34,200 --> 00:25:37,960
Speaker 2: it is. I just want a house with some land.

526
00:25:38,119 --> 00:25:39,600
Speaker 2: I want chickens, you know.

527
00:25:39,920 --> 00:25:41,520
Speaker 3: I just want the chickens.

528
00:25:41,600 --> 00:25:44,320
Speaker 2: Yeah, we need the chickens I want. I just I

529
00:25:44,400 --> 00:25:47,480
Speaker 2: want space for my girls to run around. So really

530
00:25:47,640 --> 00:25:50,920
Speaker 2: that is our big money goal. Is the house. I

531
00:25:51,080 --> 00:25:52,040
Speaker 2: really want the house.

532
00:25:52,720 --> 00:25:54,920
Speaker 3: I love that, but like, sorry, you're working towards that

533
00:25:55,080 --> 00:25:57,639
Speaker 3: very nicely. To have saved one hundred thousand dollars in

534
00:25:57,720 --> 00:26:00,200
Speaker 3: fourteen months is actually unheard of. So I don't I

535
00:26:00,240 --> 00:26:01,680
Speaker 3: don't know how to tell you this, but I don't

536
00:26:01,680 --> 00:26:03,639
Speaker 3: think the house is going to be crappy, like I

537
00:26:03,720 --> 00:26:05,840
Speaker 3: know that that's where your bare minimum is starting, but like,

538
00:26:05,920 --> 00:26:07,080
Speaker 3: I think we are going to be okay.

539
00:26:07,560 --> 00:26:11,399
Speaker 2: Look, I just obviously like housing prices have just swored

540
00:26:11,560 --> 00:26:15,840
Speaker 2: in Queensland since COVID, and so like what we thought

541
00:26:16,040 --> 00:26:19,640
Speaker 2: we could aim for seems like it's just in our reach.

542
00:26:20,320 --> 00:26:23,399
Speaker 2: I actually spoke with a broker last week. I had

543
00:26:23,440 --> 00:26:25,280
Speaker 2: to pull my head out of the sand because I'm

544
00:26:25,600 --> 00:26:30,960
Speaker 2: really scared about entering the property market again because I've

545
00:26:31,040 --> 00:26:33,760
Speaker 2: been burnt and I have a really big scar and

546
00:26:33,920 --> 00:26:35,960
Speaker 2: I'm not fully over it. I wanted to ask you

547
00:26:36,040 --> 00:26:38,120
Speaker 2: about that because I was like, why are you going

548
00:26:38,200 --> 00:26:40,480
Speaker 2: back into property after property is the thing that burnt you?

549
00:26:40,760 --> 00:26:42,760
Speaker 3: But obviously I get it.

550
00:26:43,080 --> 00:26:46,600
Speaker 2: Just want the old Queenslander with a white picket fence.

551
00:26:46,600 --> 00:26:48,920
Speaker 2: I know it sounds really silly, but like, I have

552
00:26:49,080 --> 00:26:51,200
Speaker 2: everything else. I have the most amazing husband who's my

553
00:26:51,240 --> 00:26:53,879
Speaker 2: best friend. We've been together for over twenty years. I

554
00:26:53,960 --> 00:26:56,399
Speaker 2: have my two beautiful girls. I have amazic dog. We

555
00:26:56,480 --> 00:26:59,840
Speaker 2: have great careers. You know, we have our health. I

556
00:27:00,240 --> 00:27:02,760
Speaker 2: just don't have the house. And it's the last piece

557
00:27:02,840 --> 00:27:04,399
Speaker 2: of the puzzle. I want the house.

558
00:27:04,560 --> 00:27:06,399
Speaker 3: I get it, I get it. I get it, And

559
00:27:06,520 --> 00:27:08,920
Speaker 3: that's where I'm so glad you've engaged with the broker

560
00:27:09,000 --> 00:27:11,399
Speaker 3: to start the conversations early, because you can dot all

561
00:27:11,400 --> 00:27:13,520
Speaker 3: the i's and cross all the t's and make sure

562
00:27:13,640 --> 00:27:16,040
Speaker 3: that everything is where it needs to be before you

563
00:27:16,160 --> 00:27:19,160
Speaker 3: even find a house, before you even go down that route.

564
00:27:19,320 --> 00:27:21,920
Speaker 3: And like, I feel like when you've been burnt before

565
00:27:22,000 --> 00:27:23,840
Speaker 3: you know what you're looking for as well, the red

566
00:27:23,880 --> 00:27:26,679
Speaker 3: flags are literally crimson and in the front of your

567
00:27:26,720 --> 00:27:28,680
Speaker 3: face and you just take absolutely no crap.

568
00:27:28,960 --> 00:27:31,320
Speaker 2: Well, I have to say, this is what I truly regret,

569
00:27:31,400 --> 00:27:33,680
Speaker 2: and if when people listen to this, I hope that

570
00:27:33,800 --> 00:27:35,480
Speaker 2: this is maybe the one thing they take out of it.

571
00:27:35,760 --> 00:27:39,640
Speaker 2: Is when I was purchasing that second property, the real

572
00:27:39,760 --> 00:27:43,040
Speaker 2: estate guy called me, pushing me to sign the papers

573
00:27:43,080 --> 00:27:46,560
Speaker 2: for settlement, and I had the biggest feeling in my

574
00:27:46,640 --> 00:27:49,200
Speaker 2: gut that it was wrong. I remember exactly where I

575
00:27:49,359 --> 00:27:51,520
Speaker 2: was standing, I remember where I took the phone call.

576
00:27:52,160 --> 00:27:54,440
Speaker 2: And sorry, I get a bit emotional because I'm so

577
00:27:54,600 --> 00:27:58,080
Speaker 2: angry at myself for not listening to my gut. And

578
00:27:58,680 --> 00:28:01,440
Speaker 2: it's the biggest lifeline and I've learned and the most

579
00:28:01,440 --> 00:28:04,600
Speaker 2: important one, I think is just to like, don't go

580
00:28:04,720 --> 00:28:06,960
Speaker 2: with your head, listen to your gut. It is so

581
00:28:07,200 --> 00:28:10,359
Speaker 2: important that gut instinct is built into all of us.

582
00:28:10,480 --> 00:28:14,600
Speaker 3: And just something feels off, trust yourself that it feels off.

583
00:28:15,040 --> 00:28:19,159
Speaker 2: Yeah, one hundred percent. So recently I was dealing with

584
00:28:19,440 --> 00:28:23,520
Speaker 2: two brokers and one guy gave me just the ick

585
00:28:23,640 --> 00:28:25,200
Speaker 2: and I just said to my husband, I'm not dealing

586
00:28:25,240 --> 00:28:27,960
Speaker 2: with him. I flicked him off, engaged with another guy

587
00:28:28,320 --> 00:28:31,520
Speaker 2: who was absolutely amazing and was so supportive and listened

588
00:28:31,520 --> 00:28:33,680
Speaker 2: to my story and was like, no, I'm here for you.

589
00:28:33,760 --> 00:28:35,560
Speaker 2: I'm going to work with you. And he wrung me

590
00:28:35,640 --> 00:28:37,920
Speaker 2: yesterday to say we've got pre approval to move ahead.

591
00:28:38,280 --> 00:28:43,280
Speaker 3: Ah, that's so exciting. So I love that for you.

592
00:28:43,520 --> 00:28:46,880
Speaker 3: And I just know that, Oh it's sunshine and roses

593
00:28:46,960 --> 00:28:48,880
Speaker 3: from here on in. Like it's going to be hard,

594
00:28:49,040 --> 00:28:50,400
Speaker 3: it's going to be hard, but it's coming.

595
00:28:50,480 --> 00:28:52,360
Speaker 2: It's coming. You know. There was so many years that

596
00:28:52,480 --> 00:28:54,520
Speaker 2: I was in a dark cave, and now I can

597
00:28:54,600 --> 00:28:58,400
Speaker 2: see I'm out, I'm moving forward. Oh. I love that.

598
00:28:58,600 --> 00:29:00,160
Speaker 3: Let's go to a really quick break because on the

599
00:29:00,160 --> 00:29:02,280
Speaker 3: flip side, I have a lot more questions. I want

600
00:29:02,320 --> 00:29:04,560
Speaker 3: to talk about investments, I want to talk about potential

601
00:29:04,720 --> 00:29:07,320
Speaker 3: debt and also best in worse money habits, because like,

602
00:29:07,400 --> 00:29:09,360
Speaker 3: I'm not gonna lie. We're halfway through this episode and

603
00:29:09,440 --> 00:29:11,800
Speaker 3: I already don't believe that you're just to see so

604
00:29:11,960 --> 00:29:18,840
Speaker 3: guys don't go anywhere. All right, money DiResta, We are back,

605
00:29:18,880 --> 00:29:21,200
Speaker 3: and I am very excited to talk about this. I

606
00:29:21,280 --> 00:29:23,480
Speaker 3: want to dive back into the investment side of things

607
00:29:23,880 --> 00:29:26,640
Speaker 3: because you and your husband you bought your first investment

608
00:29:26,680 --> 00:29:29,040
Speaker 3: property when your daughter was born. You told us, you

609
00:29:29,080 --> 00:29:30,880
Speaker 3: know a lot at the start about your money story,

610
00:29:31,040 --> 00:29:32,960
Speaker 3: how you got your Rich Dad Poor Dad book, like

611
00:29:33,080 --> 00:29:36,080
Speaker 3: your parents kind of drove that. Has property been the

612
00:29:36,280 --> 00:29:39,360
Speaker 3: only investment that you've really cared about or invested in?

613
00:29:39,600 --> 00:29:41,840
Speaker 3: Like what does that side of your life look like?

614
00:29:42,520 --> 00:29:47,680
Speaker 2: To be honest, I never really understood shares or you know,

615
00:29:47,800 --> 00:29:51,000
Speaker 2: like in what an investment portfolio was kind of until

616
00:29:51,040 --> 00:29:54,080
Speaker 2: I stumbled upon your podcast a few years ago.

617
00:29:54,480 --> 00:29:55,120
Speaker 3: I'm glad we.

618
00:29:55,240 --> 00:29:56,600
Speaker 2: Met YEP during COVID.

619
00:29:56,880 --> 00:29:59,200
Speaker 3: During COVID we've been friends for ages.

620
00:29:59,480 --> 00:30:03,880
Speaker 2: Y have fun in Melbourne. So like, obviously my dad

621
00:30:03,960 --> 00:30:05,760
Speaker 2: had given me the Rich Dad, Poor Dad, and I

622
00:30:05,880 --> 00:30:08,600
Speaker 2: read it and I understood that was all property driven,

623
00:30:08,720 --> 00:30:10,760
Speaker 2: like by a property and news echuding blah blah blah.

624
00:30:11,160 --> 00:30:13,920
Speaker 2: And then he gave me the Barefoot Investor Book and

625
00:30:14,040 --> 00:30:15,560
Speaker 2: I read that and I did all the things. I

626
00:30:15,640 --> 00:30:18,440
Speaker 2: opened up fifty nine G accounts but had no clue

627
00:30:18,480 --> 00:30:20,840
Speaker 2: what to do with them. And they still sit there,

628
00:30:20,880 --> 00:30:23,080
Speaker 2: and I again, I don't know what to do with them.

629
00:30:23,120 --> 00:30:23,720
Speaker 2: They're just there.

630
00:30:23,800 --> 00:30:26,320
Speaker 3: And it doesn't work for everybody. I'm not gonna lie now.

631
00:30:26,400 --> 00:30:28,360
Speaker 3: I know that you earn what you earn, and I'm

632
00:30:28,400 --> 00:30:31,360
Speaker 3: assuming your husband probably earned slightly more than you because

633
00:30:31,400 --> 00:30:35,080
Speaker 3: I didn't ask. That method actually probably doesn't work for

634
00:30:35,160 --> 00:30:35,760
Speaker 3: your lifestyle.

635
00:30:36,040 --> 00:30:37,520
Speaker 2: I don't know what to do with it. And this

636
00:30:37,600 --> 00:30:39,320
Speaker 2: is why I say I'm a seved because my husband's

637
00:30:39,360 --> 00:30:42,360
Speaker 2: had a good income from the very beginning. I've never

638
00:30:42,480 --> 00:30:43,160
Speaker 2: really budgeted.

639
00:30:43,400 --> 00:30:45,680
Speaker 3: Can I be pervy? What kind of income are we talking?

640
00:30:46,000 --> 00:30:49,960
Speaker 3: He's currently on one point thirty Yeah, good, great. I

641
00:30:50,200 --> 00:30:53,680
Speaker 3: kind of just maybe once a year, this is really bad.

642
00:30:53,680 --> 00:30:55,719
Speaker 2: I probably should do this more often. Once a year,

643
00:30:55,760 --> 00:30:57,600
Speaker 2: I kind of like go through my bank account and

644
00:30:57,760 --> 00:31:01,280
Speaker 2: look at all our outgoings and just make like an estimate.

645
00:31:01,320 --> 00:31:03,280
Speaker 2: And I just kind of chuck, like, oh, five hundred

646
00:31:03,280 --> 00:31:05,960
Speaker 2: bucks a fortnight in the Bill's account, and hope for

647
00:31:06,040 --> 00:31:08,920
Speaker 2: the best. It's kind of worked, which kind of makes

648
00:31:08,920 --> 00:31:12,240
Speaker 2: sense if you've never been taught, Like, and that's really hard,

649
00:31:12,320 --> 00:31:14,560
Speaker 2: and like, please don't get me wrong, like Scott Papers

650
00:31:14,600 --> 00:31:17,520
Speaker 2: done so many good things for this industry, and like

651
00:31:17,720 --> 00:31:20,240
Speaker 2: I swear like I still see people down at the

652
00:31:20,280 --> 00:31:24,520
Speaker 2: supermarket or like at the shops with their like spend splurge.

653
00:31:24,120 --> 00:31:25,320
Speaker 3: Like written on the cards.

654
00:31:25,440 --> 00:31:26,600
Speaker 2: Yeah, I still see that.

655
00:31:26,720 --> 00:31:29,479
Speaker 3: It's so cute. Like it is so cute and if

656
00:31:29,520 --> 00:31:31,640
Speaker 3: it works for you, like I love that. But there

657
00:31:31,720 --> 00:31:36,000
Speaker 3: is something about percentage based budgeting that just doesn't align

658
00:31:36,080 --> 00:31:38,480
Speaker 3: with my values. Because you know, if I'm putting like

659
00:31:38,840 --> 00:31:42,280
Speaker 3: ten percent into my splurge account, well I'm not gonna lie,

660
00:31:42,560 --> 00:31:45,480
Speaker 3: Like I just don't spend that like and I'm not.

661
00:31:46,280 --> 00:31:49,680
Speaker 3: I come across as I look sometimes like I'm expensive

662
00:31:49,760 --> 00:31:52,520
Speaker 3: to maintain, but I'm really not when it comes down

663
00:31:52,640 --> 00:31:54,280
Speaker 3: to it. So I never know what I meant to

664
00:31:54,320 --> 00:31:57,200
Speaker 3: be doing with that, and it just isn't going to

665
00:31:57,280 --> 00:32:00,480
Speaker 3: work for me. And then also the percentages, especially in

666
00:32:00,560 --> 00:32:04,040
Speaker 3: twenty twenty five, actually don't work for us. We are

667
00:32:04,160 --> 00:32:07,720
Speaker 3: on average spending fifty percent of our income on our accommodation.

668
00:32:08,360 --> 00:32:11,560
Speaker 3: So like the fact that that doesn't account for any flexibility.

669
00:32:11,600 --> 00:32:14,560
Speaker 3: You go, well, how do I on my income using

670
00:32:14,640 --> 00:32:16,880
Speaker 3: this bucket method? Make it work? And it does work

671
00:32:16,920 --> 00:32:19,760
Speaker 3: for some people, but it doesn't work for others, and

672
00:32:19,880 --> 00:32:23,680
Speaker 3: that's why I kind of like don't like percentage based budgeting.

673
00:32:24,040 --> 00:32:25,720
Speaker 3: I am going to actually set you up, so you

674
00:32:25,800 --> 00:32:27,680
Speaker 3: and I we're going to do my budget and cash

675
00:32:27,680 --> 00:32:30,640
Speaker 3: Flow masterclass or my now new money masterclass together. I'm

676
00:32:30,680 --> 00:32:32,160
Speaker 3: going to send you a log in after this, but

677
00:32:32,560 --> 00:32:35,080
Speaker 3: I have done all of the spreadsheets and you don't

678
00:32:35,160 --> 00:32:36,600
Speaker 3: have to do any of the work. All I need

679
00:32:36,680 --> 00:32:38,600
Speaker 3: you to do is put in your incomes and put

680
00:32:38,640 --> 00:32:40,840
Speaker 3: in your expenses and it will spit out This is

681
00:32:40,880 --> 00:32:42,600
Speaker 3: how much you spend on a week, or you can

682
00:32:42,720 --> 00:32:45,680
Speaker 3: like categorize it however you want. It might be week, month, year, whatever.

683
00:32:46,240 --> 00:32:47,960
Speaker 3: This is how much the kids cost. This is how

684
00:32:48,040 --> 00:32:49,560
Speaker 3: much your house is. This is how much you have

685
00:32:49,680 --> 00:32:52,200
Speaker 3: left over for savings, and it will tell you which

686
00:32:52,240 --> 00:32:54,720
Speaker 3: bank accounts it needs to go into on a weekly

687
00:32:54,880 --> 00:32:57,200
Speaker 3: or monthly basis, depending on what you want. So I'm

688
00:32:57,200 --> 00:32:58,920
Speaker 3: going to set you up with that because if you're saying, oh,

689
00:32:58,920 --> 00:33:01,760
Speaker 3: I sometimes do this, yeah, this girl's going to take

690
00:33:01,800 --> 00:33:04,080
Speaker 3: it to another level, also low key. I made it

691
00:33:04,160 --> 00:33:06,640
Speaker 3: so it's esthetically pleasing, it's going to be pretty, it's

692
00:33:06,720 --> 00:33:09,080
Speaker 3: peak well, I love but it's one of those things

693
00:33:09,080 --> 00:33:12,080
Speaker 3: where the dual budget won. It'll be your husband's income

694
00:33:12,240 --> 00:33:15,160
Speaker 3: and also your income, and it will show you how

695
00:33:15,280 --> 00:33:18,080
Speaker 3: that breaks up and what that looks like at a

696
00:33:18,160 --> 00:33:19,840
Speaker 3: top level without you having to do any of the

697
00:33:19,880 --> 00:33:22,360
Speaker 3: background calculations, without being like, okay, well now I know

698
00:33:22,440 --> 00:33:25,840
Speaker 3: of my expenses, because I feel like that has always

699
00:33:25,880 --> 00:33:28,800
Speaker 3: been the block with budgeting, right, So like I could

700
00:33:28,840 --> 00:33:30,880
Speaker 3: be like money, do I sit down, Let's do you budget?

701
00:33:30,920 --> 00:33:32,840
Speaker 3: And you're like, okay, well, I can go through my

702
00:33:32,880 --> 00:33:35,000
Speaker 3: bank statements. I can tell you what I earn, I

703
00:33:35,080 --> 00:33:37,440
Speaker 3: can tell you what I spend. But then it's the

704
00:33:37,640 --> 00:33:41,560
Speaker 3: function of actually facilitating making sure that you have enough

705
00:33:41,680 --> 00:33:44,400
Speaker 3: by a specific date for your car registration, to make

706
00:33:44,440 --> 00:33:46,320
Speaker 3: sure that you know, if we're working backwards on a

707
00:33:46,360 --> 00:33:48,280
Speaker 3: savings goal, and let's say I know you've got one

708
00:33:48,360 --> 00:33:50,280
Speaker 3: hundred grand saved, maybe you want one hundred and twenty.

709
00:33:50,680 --> 00:33:52,400
Speaker 3: I know, and I can give you a date that

710
00:33:52,480 --> 00:33:54,560
Speaker 3: you will have that you don't have to do the maths.

711
00:33:55,000 --> 00:33:57,600
Speaker 3: So I think that that I mean, I'm biased. I

712
00:33:57,680 --> 00:33:59,720
Speaker 3: made my own system, but it was based on the

713
00:33:59,760 --> 00:34:02,320
Speaker 3: fact that none of the other systems were working for me.

714
00:34:02,440 --> 00:34:04,440
Speaker 3: And I was a financial advisor and I wanted something

715
00:34:04,520 --> 00:34:06,800
Speaker 3: for my clients that made sense. But I took the

716
00:34:06,840 --> 00:34:09,640
Speaker 3: stress off them by doing the hard yards, Like that's

717
00:34:09,719 --> 00:34:10,240
Speaker 3: what worked.

718
00:34:10,239 --> 00:34:11,920
Speaker 2: I think I've just had and I my head in

719
00:34:11,960 --> 00:34:13,640
Speaker 2: the sand, and I just kind of avoid it because

720
00:34:13,640 --> 00:34:18,520
Speaker 2: it's I'm not a numbers person, like I'm a practical,

721
00:34:18,640 --> 00:34:22,040
Speaker 2: hands on, task orientate a person when it comes to numbers.

722
00:34:22,440 --> 00:34:25,239
Speaker 2: Like this morning, I was at my daughter's school or

723
00:34:25,560 --> 00:34:27,840
Speaker 2: like you know that was showings around the classroom.

724
00:34:27,400 --> 00:34:28,359
Speaker 3: And oh yeah, yeah.

725
00:34:28,360 --> 00:34:31,160
Speaker 2: She was like, Mum, we have to do this timestable quiz.

726
00:34:31,239 --> 00:34:32,840
Speaker 2: And I just looked at my husband and I was like,

727
00:34:33,000 --> 00:34:35,520
Speaker 2: I'm out, Like, don't even ask me what five times

728
00:34:35,560 --> 00:34:38,120
Speaker 2: five is. I can't do it, Like numbers is not

729
00:34:38,360 --> 00:34:40,680
Speaker 2: like don't work for me and percentages and I just

730
00:34:40,960 --> 00:34:43,520
Speaker 2: don't understand it. So I kind of just ignore it

731
00:34:43,760 --> 00:34:44,120
Speaker 2: and hope.

732
00:34:44,239 --> 00:34:45,759
Speaker 3: And that's why I do all the hard work in

733
00:34:45,840 --> 00:34:48,040
Speaker 3: this It's all calculated in the background. You also can't

734
00:34:48,040 --> 00:34:50,919
Speaker 3: break it because I locked it so you can try,

735
00:34:51,320 --> 00:34:53,680
Speaker 3: but I have locked it down pretty securely. You can't

736
00:34:53,960 --> 00:34:57,480
Speaker 3: move anything around, so the calculations are always going to

737
00:34:57,520 --> 00:35:00,680
Speaker 3: be correct. Because I'm the worst. I was like backspace

738
00:35:00,760 --> 00:35:03,040
Speaker 3: something and forget I backspaced it, or delete something by

739
00:35:03,200 --> 00:35:06,680
Speaker 3: so you can't do it. I just won't let it happen. Well, anyway,

740
00:35:06,719 --> 00:35:08,000
Speaker 3: I feel like I'm trying to sell you on. Of

741
00:35:08,040 --> 00:35:10,200
Speaker 3: course I've already given you so like we'll move on

742
00:35:10,320 --> 00:35:12,399
Speaker 3: from this. But I'm excited because I think it'll work.

743
00:35:12,800 --> 00:35:16,440
Speaker 3: I think it'll work really well. Money diarist talk to

744
00:35:16,520 --> 00:35:21,400
Speaker 3: me about superannuation as a casual employee. What's your super

745
00:35:21,480 --> 00:35:23,680
Speaker 3: looking like? Is that a priority? Is it something you

746
00:35:23,800 --> 00:35:27,040
Speaker 3: haven't looked at yet? Is defense really good? When it

747
00:35:27,120 --> 00:35:27,880
Speaker 3: comes to super?

748
00:35:28,120 --> 00:35:31,680
Speaker 2: Super is something my dad has again drummed into me.

749
00:35:31,960 --> 00:35:34,040
Speaker 2: So I remember, like back, you know, I don't know

750
00:35:34,200 --> 00:35:37,239
Speaker 2: that two thousands, the government was like matching dollar for

751
00:35:37,360 --> 00:35:40,839
Speaker 2: dollar that you put into your super. And so even

752
00:35:40,880 --> 00:35:44,239
Speaker 2: though I was like only earning like three hundred dollars

753
00:35:44,239 --> 00:35:47,000
Speaker 2: a week, it came out or whatever. He always was like,

754
00:35:47,120 --> 00:35:50,280
Speaker 2: you put twenty dollars into your super. And it's kind

755
00:35:50,360 --> 00:35:54,280
Speaker 2: of carried on with me through life, and I always

756
00:35:54,320 --> 00:35:57,040
Speaker 2: have put like an extra five or seven percent in

757
00:35:57,840 --> 00:36:00,840
Speaker 2: so my super at the moment in it one hundred

758
00:36:00,880 --> 00:36:01,440
Speaker 2: and ninety.

759
00:36:02,320 --> 00:36:05,560
Speaker 3: Oh okay, queen, and you're thirty eight. You were running

760
00:36:05,640 --> 00:36:07,759
Speaker 3: rings around the competition. You're like, oh, I'm not doing

761
00:36:07,800 --> 00:36:11,520
Speaker 3: that well financially. Sorry, what's sit down. I know it's hard.

762
00:36:11,840 --> 00:36:13,920
Speaker 3: You don't feel like you're in control. I can tell

763
00:36:13,960 --> 00:36:16,239
Speaker 3: that you don't feel like you're in control, but like,

764
00:36:16,400 --> 00:36:18,200
Speaker 3: I think that you've got this handled a little bit

765
00:36:18,239 --> 00:36:18,960
Speaker 3: more than you think you do.

766
00:36:19,360 --> 00:36:21,560
Speaker 2: Yeah. I feel like because I've got a few little

767
00:36:21,640 --> 00:36:26,160
Speaker 2: investments here and there, but it's nothing big. So I've

768
00:36:26,200 --> 00:36:28,520
Speaker 2: got one hundred and ninety. My husband's of Lely Defense,

769
00:36:28,719 --> 00:36:32,200
Speaker 2: so his is quite good. He's got five hundred and seventy.

770
00:36:32,680 --> 00:36:35,640
Speaker 3: Okay, no worries. That's more than what most people retire with.

771
00:36:35,920 --> 00:36:38,280
Speaker 2: Yeah, So that's why we've kind of stayed in because

772
00:36:38,400 --> 00:36:42,480
Speaker 2: obviously the perks of just the super alone keeps us

773
00:36:42,640 --> 00:36:43,200
Speaker 2: ticking over.

774
00:36:43,440 --> 00:36:46,640
Speaker 3: Did you say before, I'm just doing some background thinking.

775
00:36:47,280 --> 00:36:49,719
Speaker 3: Did you say before that you were making voluntary contributions

776
00:36:49,760 --> 00:36:52,200
Speaker 3: to superannuation. Yeah, you can probably pull some of that

777
00:36:52,320 --> 00:36:54,400
Speaker 3: out if hypothetically you wanted to pull that out for

778
00:36:54,440 --> 00:36:56,520
Speaker 3: the first home Super Saver scheme to top up your

779
00:36:56,920 --> 00:37:00,520
Speaker 3: house deposit. Hypothetically, if that was interesting, can I to you,

780
00:37:00,920 --> 00:37:03,800
Speaker 3: Because but we're not first home buyers, I would have

781
00:37:03,880 --> 00:37:07,640
Speaker 3: a look at the rules and regulations around that because

782
00:37:07,680 --> 00:37:09,960
Speaker 3: they are a little bit more flexible. You have to

783
00:37:10,040 --> 00:37:12,960
Speaker 3: have not purchased a house within a certain period of time.

784
00:37:13,080 --> 00:37:14,839
Speaker 3: Talk to you broker, Talk to your broker and see

785
00:37:14,880 --> 00:37:19,520
Speaker 3: what that looks like. Because also if you've experienced financial distress,

786
00:37:19,719 --> 00:37:21,759
Speaker 3: sometimes they are a little bit flexy on that. And

787
00:37:21,880 --> 00:37:23,839
Speaker 3: I'm pretty sure we could write a pretty good user

788
00:37:23,920 --> 00:37:25,040
Speaker 3: case for you.

789
00:37:25,480 --> 00:37:26,320
Speaker 2: Well that's interesting.

790
00:37:26,440 --> 00:37:28,960
Speaker 3: I mean, if you get told no, I'm glad you asked.

791
00:37:29,000 --> 00:37:31,040
Speaker 3: If you get told yes, you owe me a fee.

792
00:37:33,640 --> 00:37:34,959
Speaker 2: Definitely I would owe you a fee.

793
00:37:35,120 --> 00:37:37,440
Speaker 3: No, but it would definitely be worth looking into and

794
00:37:37,600 --> 00:37:39,520
Speaker 3: just going, well, what does that look like? What's the

795
00:37:39,600 --> 00:37:43,040
Speaker 3: flexibility here? Is there any because sometimes it will just

796
00:37:43,080 --> 00:37:44,759
Speaker 3: be a hard no because you know, you might have

797
00:37:44,880 --> 00:37:47,680
Speaker 3: too much in terms of assets or income or whatever

798
00:37:47,760 --> 00:37:48,320
Speaker 3: that looks like.

799
00:37:48,760 --> 00:37:52,960
Speaker 2: But there's always a question, Yeah, okay, we'll do I'll

800
00:37:53,200 --> 00:37:54,600
Speaker 2: ask him this week.

801
00:37:54,760 --> 00:37:56,640
Speaker 3: But when it comes to super you guys are looking

802
00:37:56,719 --> 00:37:59,319
Speaker 3: pretty good, like having more than what that's like seven

803
00:37:59,440 --> 00:38:02,759
Speaker 3: hundred and something like great, fantastic, Like we are on

804
00:38:02,920 --> 00:38:07,080
Speaker 3: the route to being comfortable in retirement irrespective of the

805
00:38:07,200 --> 00:38:09,440
Speaker 3: investments that ultimately were lemons.

806
00:38:09,600 --> 00:38:12,600
Speaker 2: Yeah, and that's I guess that kind of was the

807
00:38:12,680 --> 00:38:14,400
Speaker 2: only kind of security I had in the back of

808
00:38:14,480 --> 00:38:17,160
Speaker 2: my head, was like the money is there, Like, you know,

809
00:38:17,320 --> 00:38:19,040
Speaker 2: if we're in a scenario and we have to be

810
00:38:19,160 --> 00:38:21,400
Speaker 2: in a defense rental for the rest of our lives,

811
00:38:21,840 --> 00:38:25,080
Speaker 2: at least we know that when we get to retirement

812
00:38:25,320 --> 00:38:26,880
Speaker 2: that we are going to be okay.

813
00:38:27,480 --> 00:38:30,480
Speaker 3: Yeah, So tell me about these little investments that you're like, oh,

814
00:38:30,520 --> 00:38:32,200
Speaker 3: they don't really count, but I know they count, So

815
00:38:32,400 --> 00:38:34,919
Speaker 3: tell me a little bit about those I have too.

816
00:38:36,120 --> 00:38:38,920
Speaker 2: So I was listening back in Melbourne. I was listening

817
00:38:39,000 --> 00:38:42,680
Speaker 2: to your podcast and you were speaking to Grant Hackett

818
00:38:42,880 --> 00:38:44,919
Speaker 2: about through Generation.

819
00:38:44,719 --> 00:38:46,000
Speaker 3: Life his investment bonds.

820
00:38:46,120 --> 00:38:50,400
Speaker 2: Yep. So I at that time I opened to children

821
00:38:50,600 --> 00:38:54,279
Speaker 2: investment bonds for my daughters. I was putting money into

822
00:38:54,360 --> 00:38:58,400
Speaker 2: it every year. Obviously, once we lost the house, I

823
00:38:58,560 --> 00:39:02,799
Speaker 2: kind of stopped. I wasn't focusing on it. So each

824
00:39:02,920 --> 00:39:06,960
Speaker 2: girl has five grand in their little investment bombs sitting there,

825
00:39:07,040 --> 00:39:10,680
Speaker 2: and I do intend to start putting back into it.

826
00:39:10,800 --> 00:39:13,600
Speaker 2: I just need to kind of figure out how that looks.

827
00:39:13,800 --> 00:39:15,880
Speaker 3: You can't pour from an empty cup though, and like

828
00:39:16,000 --> 00:39:17,879
Speaker 3: it's nice to have things for your kids. Please don't

829
00:39:17,920 --> 00:39:20,239
Speaker 3: get me wrong, that's incredible. They're way above and beyond

830
00:39:20,320 --> 00:39:22,799
Speaker 3: what other people would be at. But like you need

831
00:39:22,880 --> 00:39:25,759
Speaker 3: to set yourselves up financially, Like the best investment you

832
00:39:25,800 --> 00:39:28,200
Speaker 3: can make is in yourselves, and then if we've got

833
00:39:28,239 --> 00:39:30,759
Speaker 3: some extra fantastic, the kids can have their own investments,

834
00:39:30,840 --> 00:39:33,440
Speaker 3: but like you come first, one thousand percent.

835
00:39:33,680 --> 00:39:36,560
Speaker 2: Yeah, so I kind of put everything on hold once

836
00:39:36,880 --> 00:39:38,800
Speaker 2: that will happen because I really just wanted to focus

837
00:39:38,920 --> 00:39:41,719
Speaker 2: on building a deposit and every penny that I could

838
00:39:41,800 --> 00:39:43,360
Speaker 2: find going into that.

839
00:39:44,040 --> 00:39:46,520
Speaker 3: That's so good. You've really been around a while because

840
00:39:46,520 --> 00:39:50,000
Speaker 3: that episode is so old, but it was really great.

841
00:39:50,200 --> 00:39:52,759
Speaker 2: I really like just kind of pushed me into I

842
00:39:52,800 --> 00:39:54,600
Speaker 2: always wanted to do something for them. I had bank

843
00:39:54,600 --> 00:39:57,360
Speaker 2: accounts where like I was getting you know, my relatives

844
00:39:57,360 --> 00:39:59,480
Speaker 2: would just go, oh, look here's money for their birthday

845
00:39:59,480 --> 00:40:01,560
Speaker 2: and buy them they want, well, they have everything. So

846
00:40:01,880 --> 00:40:04,000
Speaker 2: I was just chucking it into like a savings account,

847
00:40:04,080 --> 00:40:06,759
Speaker 2: was doing nothing, and then that episode came on and

848
00:40:06,840 --> 00:40:09,160
Speaker 2: I was like, oh, this one is for me and

849
00:40:09,360 --> 00:40:11,080
Speaker 2: so yeah, I ran a lot of the life and

850
00:40:11,080 --> 00:40:12,239
Speaker 2: spoke to them and got it all set up and

851
00:40:12,280 --> 00:40:13,080
Speaker 2: it was really great.

852
00:40:12,920 --> 00:40:13,719
Speaker 3: And their gorged there.

853
00:40:13,800 --> 00:40:13,920
Speaker 2: You know.

854
00:40:14,080 --> 00:40:17,440
Speaker 3: Obviously not advice because that would be illegal for me

855
00:40:17,520 --> 00:40:18,920
Speaker 3: to give and I wouldn't do that. But I can

856
00:40:19,000 --> 00:40:21,440
Speaker 3: share my personal experiences and that is what I set

857
00:40:21,520 --> 00:40:24,360
Speaker 3: up for my own child, Harvey. So Harvey has a

858
00:40:24,440 --> 00:40:27,839
Speaker 3: childbuilder as well, and it just to us makes sense,

859
00:40:28,000 --> 00:40:31,239
Speaker 3: like from a tax perspective, from just a structure perspective,

860
00:40:31,520 --> 00:40:33,640
Speaker 3: like there are lots of different options. And listen, this

861
00:40:33,880 --> 00:40:36,200
Speaker 3: is just like a side note for everybody listening, please

862
00:40:36,239 --> 00:40:39,600
Speaker 3: listen to our Investing for Kids episodes because there are

863
00:40:39,640 --> 00:40:42,040
Speaker 3: lots of different options. This is just one that might work.

864
00:40:42,400 --> 00:40:45,120
Speaker 3: And apparently for money Durist and die it works. Well.

865
00:40:45,600 --> 00:40:49,200
Speaker 2: Yeah, so I have those. And then just before we

866
00:40:49,280 --> 00:40:53,400
Speaker 2: lost the property, I had put some money into EFT

867
00:40:53,760 --> 00:40:56,600
Speaker 2: so like just the global one hundred about two grand

868
00:40:56,680 --> 00:40:58,560
Speaker 2: or something, and then I forgot about it and then

869
00:40:58,800 --> 00:41:01,440
Speaker 2: remembered at the start of the year I had that

870
00:41:01,560 --> 00:41:04,040
Speaker 2: sitting there, and then I think maybe it was in

871
00:41:04,120 --> 00:41:07,360
Speaker 2: April this year when Old Donald brought in his tariffs

872
00:41:07,560 --> 00:41:11,399
Speaker 2: and dumped the stock market I just said to my husband.

873
00:41:11,440 --> 00:41:12,920
Speaker 3: I think that's a good opportunity.

874
00:41:13,239 --> 00:41:15,560
Speaker 2: It was I just put five grand in there.

875
00:41:15,800 --> 00:41:18,120
Speaker 3: Oh my god. I didn't have any free cash at

876
00:41:18,160 --> 00:41:20,440
Speaker 3: the time, and I was like, I would love to

877
00:41:20,520 --> 00:41:22,320
Speaker 3: have some free cash right now, but all of my

878
00:41:22,440 --> 00:41:25,680
Speaker 3: stuff is tied up, and I'm watching this opportunity go past.

879
00:41:26,200 --> 00:41:27,399
Speaker 3: So tell me what's that worth?

880
00:41:27,520 --> 00:41:27,640
Speaker 1: Now?

881
00:41:27,680 --> 00:41:32,800
Speaker 3: If you put five grand in nine somethink nine So envious,

882
00:41:33,280 --> 00:41:34,120
Speaker 3: that's very nice.

883
00:41:34,239 --> 00:41:37,880
Speaker 2: So I've made two and a half really on it currently.

884
00:41:38,040 --> 00:41:42,480
Speaker 3: So these aren't little investments. That's good, that's so good.

885
00:41:42,719 --> 00:41:44,440
Speaker 2: So they are the two kind of investments I have.

886
00:41:45,160 --> 00:41:47,960
Speaker 2: I did have a spaceship account back in the day,

887
00:41:48,040 --> 00:41:49,560
Speaker 2: but obviously, like I had to pull the money out

888
00:41:49,600 --> 00:41:53,280
Speaker 2: of that. But I just this week downloaded the Chaer's

889
00:41:53,320 --> 00:41:57,320
Speaker 2: Ease app to think, maybe I I'm in a position

890
00:41:57,360 --> 00:41:59,720
Speaker 2: where I'm like, do I just pull every single penny

891
00:42:00,120 --> 00:42:03,600
Speaker 2: to put into this deposit or do I put fifty

892
00:42:03,640 --> 00:42:06,719
Speaker 2: bucks a week into a Cheesy's account or into you

893
00:42:06,800 --> 00:42:10,000
Speaker 2: know to buy more FT's or you know, share. I

894
00:42:10,000 --> 00:42:10,279
Speaker 2: don't know.

895
00:42:10,360 --> 00:42:12,040
Speaker 3: I wish I could give you an answer to that,

896
00:42:12,480 --> 00:42:15,000
Speaker 3: but that would constitute financial advice. I think It's really

897
00:42:15,080 --> 00:42:17,680
Speaker 3: around your time frames, right, So when we talk to

898
00:42:17,719 --> 00:42:19,120
Speaker 3: people who are like, oh, I don't know how to

899
00:42:19,120 --> 00:42:21,320
Speaker 3: split it, it's really about, Okay, well, what would that

900
00:42:21,400 --> 00:42:24,120
Speaker 3: extra fifty bucks a week be doing towards your house deposit?

901
00:42:24,239 --> 00:42:25,719
Speaker 3: And then once you've got the house, will you have

902
00:42:25,760 --> 00:42:28,759
Speaker 3: the free cash flow to then invest a little bit more.

903
00:42:28,960 --> 00:42:31,160
Speaker 3: You've got to ask yourself a heap of questions around,

904
00:42:31,280 --> 00:42:33,640
Speaker 3: like does that suit your lifestyle? You know, are we

905
00:42:33,760 --> 00:42:36,400
Speaker 3: aggressively saving as much as possible towards the house or

906
00:42:36,640 --> 00:42:38,480
Speaker 3: maybe are we happy to put that off another few

907
00:42:38,520 --> 00:42:41,000
Speaker 3: months because we are also investing at the same time.

908
00:42:41,040 --> 00:42:42,480
Speaker 3: I think it's totally up to you.

909
00:42:42,880 --> 00:42:45,400
Speaker 2: I think, and again listening to my gut, and this

910
00:42:45,560 --> 00:42:47,399
Speaker 2: is probably why I haven't done it, and I haven't

911
00:42:47,440 --> 00:42:51,680
Speaker 2: been putting extra into the Girl's Childbuilders, and is just

912
00:42:51,800 --> 00:42:54,680
Speaker 2: because I know that really we should put you and

913
00:42:54,760 --> 00:42:57,280
Speaker 2: it's only for a short period of time, putting everything

914
00:42:57,320 --> 00:43:00,800
Speaker 2: we have into getting the right to it so that

915
00:43:00,920 --> 00:43:03,160
Speaker 2: we can get that house. And then you know, once

916
00:43:03,239 --> 00:43:05,400
Speaker 2: we rent it out and you know we're getting that

917
00:43:05,440 --> 00:43:08,640
Speaker 2: rental return, we'll definitely have the cash flow to then

918
00:43:08,960 --> 00:43:11,320
Speaker 2: to invest. So I know the answer. I think I

919
00:43:11,520 --> 00:43:13,719
Speaker 2: just doubt myself, and I think a lot of people do.

920
00:43:14,000 --> 00:43:15,680
Speaker 3: Oh, we all do. And that's why you need to

921
00:43:15,719 --> 00:43:18,200
Speaker 3: do the Money master class because that's going to show

922
00:43:18,200 --> 00:43:20,480
Speaker 3: you exactly what that looks like. And then you can

923
00:43:20,600 --> 00:43:22,399
Speaker 3: kind of like key in a few things and be like, oh, oh,

924
00:43:22,440 --> 00:43:24,800
Speaker 3: what if I because I also have investment buckets in

925
00:43:24,880 --> 00:43:27,520
Speaker 3: there as well, what if I put fifty bucks a

926
00:43:27,560 --> 00:43:30,240
Speaker 3: week into this? And it will show you what amount

927
00:43:30,320 --> 00:43:33,000
Speaker 3: that would equal and then you can decide. So instead

928
00:43:33,000 --> 00:43:35,040
Speaker 3: of just going should I shouldn't, I like, let's just

929
00:43:35,040 --> 00:43:36,400
Speaker 3: get the numbers on a paper. Do you want this

930
00:43:36,560 --> 00:43:38,800
Speaker 3: or that? And you'll be like, oh, okay, that or this?

931
00:43:39,160 --> 00:43:41,400
Speaker 3: And I think that that's really helpful to have something

932
00:43:41,800 --> 00:43:43,719
Speaker 3: right in front of you that goes, well, this is

933
00:43:43,800 --> 00:43:44,400
Speaker 3: the decision.

934
00:43:45,120 --> 00:43:45,920
Speaker 2: Do you like it? No?

935
00:43:46,160 --> 00:43:47,360
Speaker 3: Okay, I'm going to change it.

936
00:43:47,600 --> 00:43:47,640
Speaker 1: No.

937
00:43:47,760 --> 00:43:49,560
Speaker 2: That sounds really good because that's where my head's add

938
00:43:49,560 --> 00:43:53,080
Speaker 2: It's just like a big jumble of what ifs, and

939
00:43:53,760 --> 00:43:56,200
Speaker 2: you know, money flying around and I need it to

940
00:43:56,320 --> 00:43:59,920
Speaker 2: be structured. So I think that would be perfect totally.

941
00:44:00,400 --> 00:44:03,719
Speaker 3: So tell me, are there any other investments floating around? No,

942
00:44:03,960 --> 00:44:05,560
Speaker 3: that's more than I thought there would be I'm not

943
00:44:05,640 --> 00:44:06,080
Speaker 3: gonna lie.

944
00:44:06,160 --> 00:44:08,680
Speaker 2: No, it's just honestly, just the two the kids and

945
00:44:09,440 --> 00:44:10,479
Speaker 2: the eft's at the moment.

946
00:44:10,760 --> 00:44:13,560
Speaker 3: Yeah, so talk to me about debt. Do you have

947
00:44:13,719 --> 00:44:15,680
Speaker 3: any debt? If so, what does that look like?

948
00:44:16,280 --> 00:44:20,960
Speaker 2: Okay, So I went back and did another post grad

949
00:44:21,120 --> 00:44:25,279
Speaker 2: last year, specifically for intensive care. So I have like

950
00:44:25,960 --> 00:44:29,919
Speaker 2: twelve hundred dollars in a hex debt, which I'm big dog,

951
00:44:31,160 --> 00:44:34,560
Speaker 2: you know. So when I get my tax back, I

952
00:44:34,640 --> 00:44:37,160
Speaker 2: think I'll just dump it on it and just get

953
00:44:37,239 --> 00:44:37,520
Speaker 2: rid of it.

954
00:44:37,680 --> 00:44:39,439
Speaker 3: But you should have got a nice little twenty percent

955
00:44:39,520 --> 00:44:43,239
Speaker 3: discount on that too, cheers elbow because he has the

956
00:44:43,440 --> 00:44:44,319
Speaker 3: twenty percent hex.

957
00:44:44,480 --> 00:44:47,080
Speaker 2: So yeah, I don't know. Yeah, has that been applied yet?

958
00:44:47,200 --> 00:44:49,400
Speaker 2: It will have just been applied. I'll have to go

959
00:44:49,560 --> 00:44:51,040
Speaker 2: back in and check it. Yeah, maybe I won't pay

960
00:44:51,080 --> 00:44:52,080
Speaker 2: it until the twenty percent.

961
00:44:52,680 --> 00:44:54,640
Speaker 3: Oh no, no, no, do not pay it until you've

962
00:44:54,640 --> 00:44:55,480
Speaker 3: got that discount.

963
00:44:55,520 --> 00:44:59,319
Speaker 2: Okay, good to know. Yes, so I have that. We've

964
00:44:59,400 --> 00:45:01,960
Speaker 2: owned both our cars. We've never I don't believe in

965
00:45:02,200 --> 00:45:06,640
Speaker 2: taking out loans for anything besides property. So we've owned

966
00:45:06,680 --> 00:45:10,040
Speaker 2: both of our cars outright, saying that my car I

967
00:45:10,120 --> 00:45:12,279
Speaker 2: had a problem like the air bags. So there was

968
00:45:12,280 --> 00:45:14,480
Speaker 2: an air bag light and I couldn't fix it, and

969
00:45:14,800 --> 00:45:16,440
Speaker 2: the dealership was telling me it was going to cost

970
00:45:16,440 --> 00:45:18,719
Speaker 2: me thousands to replace these air bags, and I thought, oh,

971
00:45:18,800 --> 00:45:19,520
Speaker 2: I can't deal with it.

972
00:45:19,640 --> 00:45:21,640
Speaker 3: What a coincidence you also have a new car to

973
00:45:21,680 --> 00:45:23,600
Speaker 3: sell me. That's crazy that you would push me down

974
00:45:23,640 --> 00:45:24,359
Speaker 3: that one hundred percent.

975
00:45:24,719 --> 00:45:27,480
Speaker 2: So I took my car back to Queensland to my

976
00:45:27,600 --> 00:45:29,960
Speaker 2: husband's dad and I think, can you try and fix it?

977
00:45:30,480 --> 00:45:32,399
Speaker 2: And in the meantime, we were kind of stuck because

978
00:45:32,400 --> 00:45:35,839
Speaker 2: we only had one car, and so reluctantly we got

979
00:45:35,920 --> 00:45:40,000
Speaker 2: anvated lease cars through my husband's work, so fifty percent

980
00:45:40,040 --> 00:45:42,160
Speaker 2: of it is pre tax and fifty percent of its

981
00:45:42,200 --> 00:45:45,160
Speaker 2: post tax and we have that four three years, so

982
00:45:45,280 --> 00:45:48,440
Speaker 2: we've got it for another eighteen months. But then my

983
00:45:49,160 --> 00:45:51,520
Speaker 2: wonderful father in law fixed the car within a few days.

984
00:45:51,760 --> 00:45:54,040
Speaker 3: He did because he doesn't work for their car dealership.

985
00:45:54,680 --> 00:45:58,560
Speaker 2: Yep. So we potentially have two of our own cars

986
00:45:58,600 --> 00:45:59,520
Speaker 2: and anovated lease.

987
00:46:00,000 --> 00:46:01,680
Speaker 3: But that doesn't mean you can't dispose of one of

988
00:46:01,719 --> 00:46:03,839
Speaker 3: those cars and get some cash. And like, I think,

989
00:46:03,920 --> 00:46:06,040
Speaker 3: the other question I have around that novated least is

990
00:46:06,080 --> 00:46:08,000
Speaker 3: what's happening at the end Are you giving the car back?

991
00:46:08,000 --> 00:46:09,880
Speaker 3: Are you buying the car out? What would that look like?

992
00:46:09,960 --> 00:46:13,439
Speaker 2: I don't particularly want the car, and I don't think

993
00:46:13,560 --> 00:46:16,080
Speaker 2: the balloon payment at the end is worse. Yep, you

994
00:46:16,160 --> 00:46:21,440
Speaker 2: know the car, so probably yeah, we'd probably just send

995
00:46:21,480 --> 00:46:22,879
Speaker 2: them back and say bye.

996
00:46:23,360 --> 00:46:23,520
Speaker 3: Right.

997
00:46:23,719 --> 00:46:25,400
Speaker 2: Look, the only good thing about that car is it's

998
00:46:25,440 --> 00:46:28,759
Speaker 2: got heated seats and in camera it is freezing. So

999
00:46:29,360 --> 00:46:30,960
Speaker 2: that's the cherry on top for that car. And my

1000
00:46:31,080 --> 00:46:32,200
Speaker 2: girls love the sunroof.

1001
00:46:32,560 --> 00:46:35,000
Speaker 3: Yeah, that door, that makes it fancy. When I was little,

1002
00:46:35,040 --> 00:46:38,000
Speaker 3: anybody who had a sunroof, Yes, they think that we

1003
00:46:38,160 --> 00:46:41,000
Speaker 3: are balling, so but yeah you are. You are you

1004
00:46:41,120 --> 00:46:44,399
Speaker 3: have a sunroof? Like you got good super like girl,

1005
00:46:44,520 --> 00:46:47,240
Speaker 3: I think you are doing okay, like ask your kids.

1006
00:46:47,520 --> 00:46:49,799
Speaker 2: Yeah. So besides that, we do have a credit card.

1007
00:46:50,000 --> 00:46:52,759
Speaker 2: It's only got a six thousand dollar limit and we

1008
00:46:53,120 --> 00:46:55,839
Speaker 2: hardly use it, so it's at zero. I just it's

1009
00:46:55,880 --> 00:47:00,360
Speaker 2: there for an emergency, but we don't have any I

1010
00:47:00,520 --> 00:47:02,320
Speaker 2: love this for you, but I don't believe in it,

1011
00:47:02,440 --> 00:47:05,120
Speaker 2: Like I'm really like, I'm one of those people like

1012
00:47:05,200 --> 00:47:08,479
Speaker 2: if someone buys me something, I'll like send them money

1013
00:47:08,520 --> 00:47:08,960
Speaker 2: straight away.

1014
00:47:09,080 --> 00:47:11,920
Speaker 3: Like I don't like owing anybody anything. I don't know

1015
00:47:12,000 --> 00:47:14,360
Speaker 3: what it is, but it just I have an aversion

1016
00:47:14,400 --> 00:47:16,520
Speaker 3: to it as well. It literally makes me feel sick.

1017
00:47:16,520 --> 00:47:18,160
Speaker 2: It like it gives me the eck when people try

1018
00:47:18,160 --> 00:47:20,880
Speaker 2: and pay for me for things, and I just know

1019
00:47:21,200 --> 00:47:23,320
Speaker 2: I've got it. My dad always said to me, like,

1020
00:47:23,960 --> 00:47:26,480
Speaker 2: you know, like it's lovely to be in a relationship

1021
00:47:26,800 --> 00:47:30,640
Speaker 2: and but you always have to be financially independent for yourself.

1022
00:47:30,880 --> 00:47:32,319
Speaker 3: Icon. Dad is an icon.

1023
00:47:32,520 --> 00:47:36,600
Speaker 2: He is the best. He's really feminist all my money

1024
00:47:36,680 --> 00:47:39,719
Speaker 2: habits and pushed me into property and pushed me into

1025
00:47:39,760 --> 00:47:44,319
Speaker 2: super and pushed me into investing and get it. So yeah,

1026
00:47:44,640 --> 00:47:46,160
Speaker 2: no debt, thankfully.

1027
00:47:47,000 --> 00:47:48,839
Speaker 3: I adore this. So tell me, what do you think

1028
00:47:48,880 --> 00:47:49,960
Speaker 3: your best money habit is.

1029
00:47:50,200 --> 00:47:53,840
Speaker 2: I don't know. I'm not materialistic, so I don't really.

1030
00:47:54,000 --> 00:47:56,680
Speaker 2: The older I get, the less I want, Like I

1031
00:47:56,840 --> 00:47:59,919
Speaker 2: don't want stuff like in my twenties, like I wanted

1032
00:48:00,640 --> 00:48:02,800
Speaker 2: the best makeup and a nice car and all this,

1033
00:48:02,960 --> 00:48:06,960
Speaker 2: and now I just want to build wealth, So I

1034
00:48:07,120 --> 00:48:09,480
Speaker 2: guess I don't know. I love doing a bit of

1035
00:48:09,520 --> 00:48:11,920
Speaker 2: overtime and getting extra money to put in my savings.

1036
00:48:12,080 --> 00:48:13,760
Speaker 2: That's what makes me happy.

1037
00:48:14,480 --> 00:48:16,960
Speaker 3: Your work ethic, Like, let's talk about the fact that

1038
00:48:17,080 --> 00:48:19,280
Speaker 3: you know what you and your husband have in super

1039
00:48:19,360 --> 00:48:21,279
Speaker 3: so you're across all of that. All your numbers have

1040
00:48:21,360 --> 00:48:23,480
Speaker 3: been real clean, like you're not like, oh, I think

1041
00:48:23,560 --> 00:48:25,719
Speaker 3: I have about no no, no, Like she knows what's

1042
00:48:25,760 --> 00:48:27,960
Speaker 3: going on. Like I know that you said you're not

1043
00:48:28,040 --> 00:48:30,240
Speaker 3: on top of budgeting, which I think might be your worst.

1044
00:48:30,280 --> 00:48:31,719
Speaker 3: I don't know what you're going to say, but we'll

1045
00:48:31,760 --> 00:48:34,759
Speaker 3: get there. But like you're also investing, like girl, there

1046
00:48:34,800 --> 00:48:37,400
Speaker 3: are a lot of good money habits that you've set up.

1047
00:48:37,520 --> 00:48:41,000
Speaker 3: And talk to me slightly off topic, but what do

1048
00:48:41,080 --> 00:48:42,719
Speaker 3: you teach your kids about money? Because I have a

1049
00:48:42,760 --> 00:48:45,440
Speaker 3: sneaky suspicion you might be a cookie cutter version of

1050
00:48:45,520 --> 00:48:45,879
Speaker 3: your dad.

1051
00:48:46,360 --> 00:48:49,719
Speaker 2: Yeah. I well, my older daughter who kind of understands

1052
00:48:49,760 --> 00:48:52,320
Speaker 2: because she's she's always saying when are we going to

1053
00:48:52,360 --> 00:48:54,120
Speaker 2: buy her forever home? Like when do we get a

1054
00:48:54,160 --> 00:48:56,160
Speaker 2: forever home? My room's going to look like the sentence,

1055
00:48:56,200 --> 00:48:58,919
Speaker 2: you know, because she's used to moving all the time.

1056
00:49:00,160 --> 00:49:03,840
Speaker 2: So they're good little savers. I've told them, you know,

1057
00:49:04,040 --> 00:49:05,840
Speaker 2: like you know, like they've got their money boxes in

1058
00:49:05,880 --> 00:49:08,480
Speaker 2: their room, and you know, they know that they've got

1059
00:49:08,560 --> 00:49:10,440
Speaker 2: like a little bank account where I put money and

1060
00:49:11,040 --> 00:49:13,640
Speaker 2: and I just, you know, try and say to them,

1061
00:49:13,880 --> 00:49:15,640
Speaker 2: you know, you need to save for the bigger picture,

1062
00:49:16,160 --> 00:49:19,680
Speaker 2: Like everyone wants an instant gratification. And I think it's

1063
00:49:19,800 --> 00:49:23,160
Speaker 2: so easy because I'm My younger daughter was like, oh Mom,

1064
00:49:23,239 --> 00:49:25,320
Speaker 2: I really want this. Can't you just get it on Amazon?

1065
00:49:25,360 --> 00:49:26,160
Speaker 2: It will be here tomorrow.

1066
00:49:26,760 --> 00:49:29,000
Speaker 3: I'm just like, it's a good point, babe. It's a

1067
00:49:29,120 --> 00:49:30,920
Speaker 3: very good point. I could, but I'm not going to.

1068
00:49:31,280 --> 00:49:34,239
Speaker 2: One hundred percent. And I always try and deal, like

1069
00:49:34,480 --> 00:49:37,520
Speaker 2: give them cash so they you know, like they know

1070
00:49:37,640 --> 00:49:40,000
Speaker 2: that you just it's not like a card that just

1071
00:49:40,400 --> 00:49:43,880
Speaker 2: with inevitable money, you know, like never ending money. I

1072
00:49:43,920 --> 00:49:46,520
Speaker 2: don't know, just being honest and present with them really.

1073
00:49:46,360 --> 00:49:50,000
Speaker 3: And I love this. It's something that I've been thinking

1074
00:49:50,000 --> 00:49:52,279
Speaker 3: about a lot now that I have a child. I'm

1075
00:49:52,400 --> 00:49:54,120
Speaker 3: just like, how am I going to do this? Like

1076
00:49:54,320 --> 00:49:56,640
Speaker 3: what does this look like? And in twenty twenty five

1077
00:49:56,719 --> 00:50:00,640
Speaker 3: when money is all digital, Like how do you teach

1078
00:50:00,719 --> 00:50:03,000
Speaker 3: them the value of money at the same time as

1079
00:50:03,239 --> 00:50:06,279
Speaker 3: trying to also teach them to keep up Like, yes,

1080
00:50:06,440 --> 00:50:09,879
Speaker 3: she's right, we do have Amazon, but that's instant versus

1081
00:50:09,920 --> 00:50:12,960
Speaker 3: delayed gratification. And there's a bigger conversation around that and

1082
00:50:13,120 --> 00:50:15,680
Speaker 3: like how much money do you have? And yeah, it's

1083
00:50:15,880 --> 00:50:19,400
Speaker 3: it's an interesting and fickle conversation to have because like

1084
00:50:19,480 --> 00:50:21,000
Speaker 3: there's no one size fits all approach.

1085
00:50:21,400 --> 00:50:23,520
Speaker 2: I find it hard as well, because like obviously, like

1086
00:50:23,680 --> 00:50:25,840
Speaker 2: I grew up in a family four you know, my

1087
00:50:25,960 --> 00:50:29,040
Speaker 2: mom had like just a part time job, and my

1088
00:50:29,239 --> 00:50:32,400
Speaker 2: dad worked full time and did overtime on a Saturday.

1089
00:50:32,960 --> 00:50:35,480
Speaker 2: You know, we really didn't have much. You know, we

1090
00:50:35,560 --> 00:50:37,880
Speaker 2: went out and played in the street. We didn't have computers,

1091
00:50:37,960 --> 00:50:40,239
Speaker 2: we didn't like, we didn't have anything fancy. We didn't

1092
00:50:40,239 --> 00:50:43,200
Speaker 2: go on trips to the snow, you know. So and

1093
00:50:43,320 --> 00:50:45,719
Speaker 2: I kind of feel like I'm in a way making

1094
00:50:45,800 --> 00:50:47,480
Speaker 2: up for that. So my girls say, oh, Mom, can

1095
00:50:47,520 --> 00:50:49,759
Speaker 2: I have that? Like, of course you can. Like I

1096
00:50:49,880 --> 00:50:54,359
Speaker 2: want to give them everything, and sometimes I think I'm

1097
00:50:54,920 --> 00:50:58,279
Speaker 2: teaching them nothing. Like my daughter the other day went, Mom,

1098
00:50:58,320 --> 00:51:00,759
Speaker 2: I'd really love a tamagotchi, and I was like, yeah,

1099
00:51:00,840 --> 00:51:03,919
Speaker 2: let's go to Kma. That's me and pot her tamagotchi

1100
00:51:04,040 --> 00:51:07,520
Speaker 2: for fifty dollars. And now she's obsessed and wants a

1101
00:51:07,560 --> 00:51:11,040
Speaker 2: two hundred dollars tamagotchi. And I'm really reeling it back

1102
00:51:11,040 --> 00:51:13,959
Speaker 2: and I'm like, no, let's count our pennies. We're gonna save.

1103
00:51:14,520 --> 00:51:16,600
Speaker 2: She wants to now do jobs around the house to

1104
00:51:16,800 --> 00:51:19,320
Speaker 2: kind of like earn a bit of extra cash.

1105
00:51:19,480 --> 00:51:22,520
Speaker 3: And it's hard though, because like that's not so. I

1106
00:51:22,680 --> 00:51:24,239
Speaker 3: was like, oh, I'm going to be fine, like I'm

1107
00:51:24,280 --> 00:51:26,120
Speaker 3: always going to say no, like I'm pretty good at

1108
00:51:26,160 --> 00:51:29,239
Speaker 3: this and my kid's only eighteen months old. But when

1109
00:51:29,320 --> 00:51:32,080
Speaker 3: he looks at me and he goes one more, I go,

1110
00:51:32,200 --> 00:51:35,640
Speaker 3: oh my god, yeah, you can't have fifty or you're like,

1111
00:51:35,960 --> 00:51:37,600
Speaker 3: who was going to tell me that I would become

1112
00:51:37,680 --> 00:51:38,480
Speaker 3: such a push.

1113
00:51:38,360 --> 00:51:41,600
Speaker 2: I know because I was very much like you know,

1114
00:51:41,640 --> 00:51:43,319
Speaker 2: I was brought up to just like suck it up,

1115
00:51:43,760 --> 00:51:46,839
Speaker 2: drink some man, get with it. Life is tough, push

1116
00:51:46,920 --> 00:51:50,080
Speaker 2: you way through, and it's worked for me, and like

1117
00:51:50,239 --> 00:51:54,040
Speaker 2: I've been very successful in life besides that lemon. But

1118
00:51:55,239 --> 00:51:57,160
Speaker 2: I know my kids come to me and I my

1119
00:51:57,320 --> 00:51:59,560
Speaker 2: mom said no, no, no, no, no all my life.

1120
00:51:59,680 --> 00:52:03,080
Speaker 2: So I feel like I'm rebelling and I just go yes, yes, yes, yes, yes,

1121
00:52:03,120 --> 00:52:04,200
Speaker 2: yes yeah yep.

1122
00:52:04,239 --> 00:52:05,120
Speaker 3: That's literally me.

1123
00:52:05,360 --> 00:52:07,839
Speaker 2: So yeah, it is a tough one. But I'm learning

1124
00:52:08,040 --> 00:52:11,440
Speaker 2: slowly to try and teach them that, like you just

1125
00:52:11,600 --> 00:52:13,960
Speaker 2: can't want something and it just lands on your lap.

1126
00:52:14,120 --> 00:52:16,840
Speaker 3: Would you say that's your worst money habit could be.

1127
00:52:17,040 --> 00:52:21,200
Speaker 2: Yeah. The other day they swindled me at the corner shop.

1128
00:52:21,520 --> 00:52:24,520
Speaker 2: I've taken my older one to the physio because she's

1129
00:52:24,520 --> 00:52:27,799
Speaker 2: done her ankle at netball. And she said, oh, well,

1130
00:52:27,840 --> 00:52:30,000
Speaker 2: if we're really good, can we go into the IgA

1131
00:52:30,040 --> 00:52:31,480
Speaker 2: and get a lolly? And I said, yeah, of course

1132
00:52:31,520 --> 00:52:35,160
Speaker 2: she can. And she swindled me into a twenty dollar

1133
00:52:35,640 --> 00:52:37,560
Speaker 2: plushy toy. And I was like, how did it go

1134
00:52:37,760 --> 00:52:40,919
Speaker 2: from you can have something for under two dollars.

1135
00:52:40,880 --> 00:52:44,360
Speaker 3: And I spend twenty bucks? Yeah, this woman, she smart.

1136
00:52:44,440 --> 00:52:46,840
Speaker 3: She is to hit her up, give her my details

1137
00:52:46,880 --> 00:52:48,400
Speaker 3: because I'd like to know how to do that with

1138
00:52:48,520 --> 00:52:50,160
Speaker 3: lots of people I don't know.

1139
00:52:50,280 --> 00:52:51,960
Speaker 2: She's got the art of persuasion, and I just can't

1140
00:52:52,000 --> 00:52:52,680
Speaker 2: say no to them.

1141
00:52:52,880 --> 00:52:54,640
Speaker 3: I like, how we all and this seems to be

1142
00:52:54,680 --> 00:52:56,719
Speaker 3: a common theme in my friend group, we all say

1143
00:52:56,760 --> 00:52:58,000
Speaker 3: that we're swindled by our kids.

1144
00:52:58,080 --> 00:52:58,839
Speaker 2: Yeah, one hundred percent.

1145
00:52:59,040 --> 00:53:01,280
Speaker 3: I walked out and I was it's like I tapped

1146
00:53:01,280 --> 00:53:03,200
Speaker 3: my card and I was like, twenty dollars. What was

1147
00:53:03,280 --> 00:53:06,120
Speaker 3: twenty dollars? And then I looked at it she got

1148
00:53:06,239 --> 00:53:08,719
Speaker 3: chacky little monkey, but she got it and she won

1149
00:53:08,880 --> 00:53:12,760
Speaker 3: and it worked and she I love it. Money Diarist,

1150
00:53:13,520 --> 00:53:15,280
Speaker 3: Now that we've talked, I think we need to reflect

1151
00:53:15,320 --> 00:53:17,839
Speaker 3: a little bit on this sea because like you said,

1152
00:53:17,840 --> 00:53:19,319
Speaker 3: look I'm a sea, and I was like, okay at

1153
00:53:19,320 --> 00:53:21,080
Speaker 3: the start, like I can see how that might happen,

1154
00:53:21,200 --> 00:53:23,600
Speaker 3: a little bit skeptical because you have saved one hundred grand.

1155
00:53:23,640 --> 00:53:25,200
Speaker 3: I was, I can't be that bad at money, right,

1156
00:53:25,600 --> 00:53:28,239
Speaker 3: and then like take yourself out of this story, right.

1157
00:53:28,400 --> 00:53:31,960
Speaker 3: So gorgeous couple met. He was in the navy, she's

1158
00:53:31,960 --> 00:53:34,480
Speaker 3: a nurse. They've got two beautiful kids. It fell apart.

1159
00:53:34,719 --> 00:53:36,879
Speaker 3: The investment property didn't work out. It was a lemon.

1160
00:53:36,920 --> 00:53:39,880
Speaker 3: But they've been rebuilding. They have like seven hundred grand

1161
00:53:40,239 --> 00:53:43,000
Speaker 3: to their name in superanuation. Like they've saved one hundred

1162
00:53:43,000 --> 00:53:45,000
Speaker 3: grand over the last fourteen months. They're not really sure

1163
00:53:45,080 --> 00:53:47,200
Speaker 3: how they did it, but they have done it. They're

1164
00:53:47,239 --> 00:53:50,240
Speaker 3: starting to look at their forever home, like they're able

1165
00:53:50,320 --> 00:53:53,480
Speaker 3: to buy their kids twenty dollars off plushies when it

1166
00:53:53,600 --> 00:53:56,160
Speaker 3: makes sense to do so, so, like they're giving their

1167
00:53:56,239 --> 00:53:58,160
Speaker 3: kids the life that you know they want to give

1168
00:53:58,200 --> 00:54:01,160
Speaker 3: their kids. The kids actually have childbuilders. They've got their

1169
00:54:01,160 --> 00:54:04,120
Speaker 3: own investment bonds, and you contribute to them when you can,

1170
00:54:04,320 --> 00:54:07,759
Speaker 3: as you should. This couple, she's dabbling in investments. She's

1171
00:54:07,800 --> 00:54:10,759
Speaker 3: got like some ETFs. You know, she's got another five

1172
00:54:10,880 --> 00:54:13,720
Speaker 3: grand that she decided to drop when Trump was jumping

1173
00:54:13,800 --> 00:54:17,279
Speaker 3: up and down about the tariffs. Like the wife get this,

1174
00:54:17,560 --> 00:54:20,919
Speaker 3: She went back and did this postgraduate intensive care unit

1175
00:54:21,000 --> 00:54:23,319
Speaker 3: so that she could get paid more. And she's only

1176
00:54:23,320 --> 00:54:26,000
Speaker 3: got twelve hundred bucks left on her hex. Like, how

1177
00:54:26,040 --> 00:54:27,520
Speaker 3: good is that? She's probably gonna be able to pay

1178
00:54:27,520 --> 00:54:29,160
Speaker 3: it off with her tax money if she wants to

1179
00:54:29,480 --> 00:54:31,920
Speaker 3: downloaded chairs is doesn't know if she's going to invest

1180
00:54:32,040 --> 00:54:35,680
Speaker 3: more or like buy her dream house sooner. But what

1181
00:54:35,840 --> 00:54:38,560
Speaker 3: a conundrum to be in. How good love this money

1182
00:54:38,640 --> 00:54:41,279
Speaker 3: decision that they're making. But then when I spoke to her,

1183
00:54:41,719 --> 00:54:43,319
Speaker 3: she's like, oh, yeah, also, by the way, we own

1184
00:54:43,360 --> 00:54:45,120
Speaker 3: our cars out right, we do have an ovated lease.

1185
00:54:45,160 --> 00:54:47,799
Speaker 3: But it's making sense still able to save one hundred grand.

1186
00:54:48,120 --> 00:54:49,520
Speaker 3: But then she goes, yeah, I think I'm only a

1187
00:54:49,600 --> 00:54:53,640
Speaker 3: c at money. Does that make sense to you if

1188
00:54:53,680 --> 00:54:54,520
Speaker 3: you put it like that?

1189
00:54:55,040 --> 00:54:55,560
Speaker 2: Maybe not?

1190
00:54:56,400 --> 00:54:58,600
Speaker 3: Yes, not making sense to me either. And I know,

1191
00:54:58,960 --> 00:55:00,600
Speaker 3: you know what I'm gonna blame this. You said you

1192
00:55:00,680 --> 00:55:03,760
Speaker 3: weren't a maths person. I get it, you just miscalculated.

1193
00:55:03,800 --> 00:55:06,400
Speaker 3: You're like a yes, you could get up and at

1194
00:55:06,440 --> 00:55:08,279
Speaker 3: it with budgeting a little bit more Like you said

1195
00:55:08,280 --> 00:55:09,520
Speaker 3: that you weren't as on top of that, and I

1196
00:55:09,560 --> 00:55:11,800
Speaker 3: feel like that's probably what's leading you to feel a

1197
00:55:11,840 --> 00:55:14,680
Speaker 3: little bit out of control. But like, sorry, when I

1198
00:55:14,760 --> 00:55:16,719
Speaker 3: asked about debt, you have a credit card you don't

1199
00:55:16,719 --> 00:55:18,919
Speaker 3: even use. It's just there for emergencies. But you've also

1200
00:55:18,920 --> 00:55:20,600
Speaker 3: got a heap of cash, so you probably don't even

1201
00:55:20,640 --> 00:55:23,040
Speaker 3: need it. Like there's just a lot going on here

1202
00:55:23,120 --> 00:55:26,160
Speaker 3: that makes sense. And like, yes, you had an investment

1203
00:55:26,200 --> 00:55:29,960
Speaker 3: property that was a lemon, but you're also only thirty eight. Yeah,

1204
00:55:30,600 --> 00:55:32,360
Speaker 3: like we're doing well.

1205
00:55:32,800 --> 00:55:35,360
Speaker 2: Thank you. Yeah. I guess, look, I guess if you

1206
00:55:35,960 --> 00:55:39,279
Speaker 2: put it all together, maybe it presents a bit better

1207
00:55:39,360 --> 00:55:42,440
Speaker 2: than it does in my head. I think a lot

1208
00:55:42,520 --> 00:55:45,280
Speaker 2: of the investment stuff, I do it, but I don't

1209
00:55:45,320 --> 00:55:47,880
Speaker 2: fully understand it. And I think maybe that's okay.

1210
00:55:48,320 --> 00:55:49,000
Speaker 3: You're on the journey.

1211
00:55:49,120 --> 00:55:52,279
Speaker 2: That's why I feel like maybe I rate myself as

1212
00:55:52,280 --> 00:55:54,120
Speaker 2: a C because I feel like I just kind of

1213
00:55:54,280 --> 00:55:58,040
Speaker 2: jump on things and kind of start it and then hope.

1214
00:55:57,840 --> 00:56:01,319
Speaker 3: For the best. Strategy has been working so far. I mean, yes,

1215
00:56:01,440 --> 00:56:03,680
Speaker 3: the property got screwed over, but it wasn't because you

1216
00:56:03,719 --> 00:56:06,440
Speaker 3: didn't do due diligence. It was because other people screwed you.

1217
00:56:07,160 --> 00:56:09,040
Speaker 3: Like when you start to dig into it, you're like

1218
00:56:09,160 --> 00:56:11,239
Speaker 3: I did my building and past inspection, and the first

1219
00:56:11,280 --> 00:56:12,880
Speaker 3: thing I thought was like, oh my god, like he

1220
00:56:13,080 --> 00:56:16,120
Speaker 3: deserves to be sued, but he was in cohots. They

1221
00:56:16,200 --> 00:56:20,360
Speaker 3: all were like that was structured to take advantage of you.

1222
00:56:20,600 --> 00:56:23,160
Speaker 3: It was never structured for you to be successful. And

1223
00:56:23,239 --> 00:56:25,239
Speaker 3: I'm really sorry you were never going to be successful

1224
00:56:25,280 --> 00:56:27,279
Speaker 3: with that, no matter how hard you tried. And I

1225
00:56:27,320 --> 00:56:29,200
Speaker 3: think the best thing we learned was you just need

1226
00:56:29,280 --> 00:56:33,400
Speaker 3: to listen to your gut a little bit more expensive lesson.

1227
00:56:33,480 --> 00:56:35,000
Speaker 3: I wish you didn't have to learn it that way,

1228
00:56:35,040 --> 00:56:37,520
Speaker 3: but I mean, we we've come this farst so let's

1229
00:56:37,600 --> 00:56:40,640
Speaker 3: just commit to it. Yes, Money Diarist, this has been

1230
00:56:40,760 --> 00:56:43,759
Speaker 3: an absolute pleasure. I have loved this Money Diary. From

1231
00:56:44,160 --> 00:56:46,359
Speaker 3: talking about you being a midwife, to losing your house

1232
00:56:46,440 --> 00:56:49,359
Speaker 3: to talking about ETFs and investment bonds. There's just been

1233
00:56:49,440 --> 00:56:51,880
Speaker 3: a lot going on in this conversation. And I know

1234
00:56:51,960 --> 00:56:54,400
Speaker 3: the community is going to have loved this episode as

1235
00:56:54,440 --> 00:56:56,440
Speaker 3: much as I have, so thank you so much for

1236
00:56:56,520 --> 00:56:58,880
Speaker 3: spending so much time with me. It has been a pleasure.

1237
00:56:59,320 --> 00:57:01,880
Speaker 2: Thanks for having me. And yeah, it's been really enjoyable

1238
00:57:01,920 --> 00:57:05,360
Speaker 2: and it's actually got me excited about my financial future.

1239
00:57:05,440 --> 00:57:05,560
Speaker 3: Now.

1240
00:57:05,640 --> 00:57:08,160
Speaker 2: I feel like good things are coming my way.

1241
00:57:08,520 --> 00:57:11,600
Speaker 3: They are thousand percent are Oh my gosh, I have

1242
00:57:11,800 --> 00:57:12,120
Speaker 3: loved this.

1243
00:57:12,360 --> 00:57:12,719
Speaker 2: Thank you.

1244
00:57:18,880 --> 00:57:21,400
Speaker 4: The advice shared on She's on the Money is general

1245
00:57:21,480 --> 00:57:25,320
Speaker 4: in nature and does not consider your individual circumstances. She's

1246
00:57:25,400 --> 00:57:28,800
Speaker 4: on the Money exists purely for educational purposes and should

1247
00:57:28,880 --> 00:57:32,040
Speaker 4: not be relied upon to make an investment or financial decision.

1248
00:57:32,400 --> 00:57:34,880
Speaker 4: If you do choose to buy a financial product, read

1249
00:57:34,920 --> 00:57:38,160
Speaker 4: the PDS TMD and obtain appropriate financial.

1250
00:57:37,800 --> 00:57:39,560
Speaker 3: Advice tailored towards your needs.

1251
00:57:39,960 --> 00:57:43,880
Speaker 4: Victoria Divine and She's on the Money are authorized representatives

1252
00:57:43,960 --> 00:57:47,760
Speaker 4: of Money showper pty LTD ABN three two one IS

1253
00:57:47,840 --> 00:57:51,720
Speaker 4: six four nine two seven seven zero eight AFSL four

1254
00:57:51,840 --> 00:57:53,320
Speaker 4: five one two eight nine