1 00:00:00,680 --> 00:00:04,920 Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr 2 00:00:04,960 --> 00:00:08,680 Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before 3 00:00:08,680 --> 00:00:11,160 Speaker 1: we get started on She's on the Money podcast, I 4 00:00:11,160 --> 00:00:14,319 Speaker 1: would like to acknowledge the traditional custodians of the land 5 00:00:14,400 --> 00:00:17,680 Speaker 1: of which this podcast is recorded on a wondery country, 6 00:00:18,120 --> 00:00:22,240 Speaker 1: acknowledging the elders, the ancestors and the next generation coming 7 00:00:22,320 --> 00:00:26,960 Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing 8 00:00:27,080 --> 00:00:30,120 Speaker 1: and the storytelling of you to make a difference for 9 00:00:30,240 --> 00:00:32,640 Speaker 1: today and lasting impactful tomorrow. 10 00:00:33,320 --> 00:00:37,120 Speaker 2: Let's get into it. She's on the Money, She's on 11 00:00:37,159 --> 00:01:00,720 Speaker 2: the Money. Hello, and welcome to She's the Money, the 12 00:01:00,760 --> 00:01:04,920 Speaker 2: podcast for millennials who want financial freedom. Welcome back to 13 00:01:04,959 --> 00:01:07,720 Speaker 2: another one of our Money Diarius episodes where I get 14 00:01:07,760 --> 00:01:10,520 Speaker 2: the absolute privilege of talking to one of our beautiful 15 00:01:10,520 --> 00:01:13,640 Speaker 2: She's on the Money community members all about their journey. 16 00:01:14,160 --> 00:01:16,520 Speaker 2: Let's jump straight into it, because this week I got 17 00:01:16,560 --> 00:01:19,679 Speaker 2: a message and it went like this, Hi Ve. I 18 00:01:19,720 --> 00:01:22,120 Speaker 2: grew up in a single parent household with a mum 19 00:01:22,160 --> 00:01:25,959 Speaker 2: who always put our education first. I'm now eighteen years 20 00:01:25,959 --> 00:01:31,160 Speaker 2: old and I've saved twenty thousand dollars and I've invested 21 00:01:31,240 --> 00:01:35,640 Speaker 2: six three hundred dollars. I'm a university student, work as 22 00:01:35,680 --> 00:01:39,560 Speaker 2: a school learning support officer, and own a tutoring business 23 00:01:39,600 --> 00:01:43,280 Speaker 2: partnership with my sisters. I'd love to share my journey 24 00:01:43,319 --> 00:01:47,400 Speaker 2: with the Shees on the money community. Ah, money Diarist, 25 00:01:47,560 --> 00:01:50,440 Speaker 2: you're eighteen, twenty thousand dollars in savings, just got like 26 00:01:51,040 --> 00:01:54,200 Speaker 2: a killer little business on the side. Welcome to the show. 27 00:01:54,400 --> 00:01:55,560 Speaker 3: Thank you for having me. 28 00:01:56,000 --> 00:01:57,080 Speaker 2: Are you very joking? 29 00:01:57,200 --> 00:02:01,440 Speaker 3: This is so cool? No, it's my life. I can't 30 00:02:01,440 --> 00:02:01,960 Speaker 3: believe it. 31 00:02:02,360 --> 00:02:05,680 Speaker 2: Yeah, this is very cool. I'm very proud of you already. 32 00:02:05,760 --> 00:02:07,800 Speaker 2: I cannot wait to learn more about you. So let's 33 00:02:07,800 --> 00:02:10,880 Speaker 2: just dive straight in. The first question I always ask 34 00:02:10,960 --> 00:02:13,480 Speaker 2: our diarist is money Diarist, can you let me know, 35 00:02:14,080 --> 00:02:16,760 Speaker 2: on a scale of A through to F what you 36 00:02:16,800 --> 00:02:18,280 Speaker 2: think your money habits would be? 37 00:02:18,440 --> 00:02:21,880 Speaker 3: Right now, I would thank myself for bee because I 38 00:02:21,919 --> 00:02:23,960 Speaker 3: do feel like for my age, I've done a really 39 00:02:24,000 --> 00:02:25,799 Speaker 3: good job. I do feel like I have really good 40 00:02:25,800 --> 00:02:28,880 Speaker 3: habits and good cash flow. But I do think these 41 00:02:29,120 --> 00:02:30,480 Speaker 3: areas of improvement. 42 00:02:30,720 --> 00:02:32,760 Speaker 2: All right, I kind of believe you. But also, you're 43 00:02:32,800 --> 00:02:36,040 Speaker 2: eighteen and have twenty thousand dollars in savings and I'm like, okay, 44 00:02:36,240 --> 00:02:40,320 Speaker 2: like a bee's probably not enough, but let's get into it. 45 00:02:40,520 --> 00:02:43,000 Speaker 2: My favorite question of all time to ask not just 46 00:02:43,040 --> 00:02:47,799 Speaker 2: money diarists, but literally anyone. Let's go money diarist. Can 47 00:02:47,840 --> 00:02:50,120 Speaker 2: you tell me more about your money story? 48 00:02:50,880 --> 00:02:52,880 Speaker 3: So, as I mentioned, I grew up in a single 49 00:02:52,919 --> 00:02:55,600 Speaker 3: parent household. My parents flew when I was ten months old, 50 00:02:56,200 --> 00:02:59,600 Speaker 3: and although my dad did pay child support, it's still 51 00:02:59,720 --> 00:03:03,359 Speaker 3: not much. We did have to live quite frugally and 52 00:03:03,440 --> 00:03:06,480 Speaker 3: we definitely live within our means. Yeah, my mum, she 53 00:03:06,600 --> 00:03:08,919 Speaker 3: was very good at managing money. It was always her 54 00:03:08,919 --> 00:03:12,240 Speaker 3: priority to pay off the mortgage, and as mentioned, she 55 00:03:12,280 --> 00:03:15,080 Speaker 3: really put our education first. We always had money for 56 00:03:15,160 --> 00:03:18,360 Speaker 3: school excursions or for camp or for tutoring. 57 00:03:18,400 --> 00:03:19,160 Speaker 2: As I love her. 58 00:03:19,320 --> 00:03:21,120 Speaker 3: I got into the lady years of high school. 59 00:03:21,200 --> 00:03:23,480 Speaker 2: Yeah, I love her. What a little queen and she's like, nah, 60 00:03:23,520 --> 00:03:24,440 Speaker 2: I don't need a man. 61 00:03:24,680 --> 00:03:28,239 Speaker 3: Literally, but yeah, she's done an amazing job. And through 62 00:03:28,280 --> 00:03:31,280 Speaker 3: that she really did show all of us amazing money habits, 63 00:03:31,360 --> 00:03:34,440 Speaker 3: especially how important it is to have at your own 64 00:03:34,520 --> 00:03:37,440 Speaker 3: job or your own money. I have two older sisters 65 00:03:37,880 --> 00:03:40,840 Speaker 3: and they started getting a job and earning their own 66 00:03:40,880 --> 00:03:43,400 Speaker 3: money when they were fourteen, and I was like, I 67 00:03:43,480 --> 00:03:45,760 Speaker 3: want this, I won't have my own money. And then 68 00:03:45,760 --> 00:03:48,080 Speaker 3: they started saving for a car and that was just 69 00:03:48,160 --> 00:03:50,680 Speaker 3: my big goal in high school. So I save fifteen 70 00:03:50,680 --> 00:03:52,320 Speaker 3: thousand dollars for my first car. 71 00:03:52,600 --> 00:03:55,400 Speaker 2: Wait, so you also own a car and you're eighteen, 72 00:03:55,520 --> 00:03:57,800 Speaker 2: and on top of that, you have the twenty thousand 73 00:03:57,800 --> 00:03:59,520 Speaker 2: dollars and then you're also an investor. 74 00:04:00,160 --> 00:04:00,360 Speaker 3: Yes. 75 00:04:00,560 --> 00:04:02,680 Speaker 2: Here I am thinking like, oh, I'm going to ask her, like, 76 00:04:02,760 --> 00:04:04,040 Speaker 2: is she going to buy a car with like her 77 00:04:04,040 --> 00:04:05,080 Speaker 2: first twenty thousand dollars? 78 00:04:05,120 --> 00:04:05,240 Speaker 3: No? 79 00:04:05,120 --> 00:04:06,600 Speaker 2: No, no, she doesn't need us guys. 80 00:04:06,760 --> 00:04:09,280 Speaker 3: Yeah, so I did buy my car. But then at 81 00:04:09,280 --> 00:04:11,360 Speaker 3: the end of high school, after I bought my car, 82 00:04:11,440 --> 00:04:13,560 Speaker 3: I've only had a thousand dollars left. So I started 83 00:04:13,560 --> 00:04:15,240 Speaker 3: off last year with a thousand dollars. 84 00:04:15,280 --> 00:04:18,600 Speaker 2: So you've saved like nineteen thousand dollars in a year. Yes, 85 00:04:18,720 --> 00:04:20,000 Speaker 2: all right, we're going to need to learn a lot 86 00:04:20,040 --> 00:04:21,919 Speaker 2: from you, but yes, carry on, Okay. 87 00:04:22,600 --> 00:04:25,640 Speaker 3: It's always been a big focus for me throughout high school. 88 00:04:25,680 --> 00:04:28,840 Speaker 3: Somehow I stumbled across YouTube videos how to get rich 89 00:04:29,160 --> 00:04:31,160 Speaker 3: to about investing, and I was like, what is this. 90 00:04:31,279 --> 00:04:34,080 Speaker 3: I need to get into this, And then I found 91 00:04:34,080 --> 00:04:37,920 Speaker 3: your podcast. I started reading different books, so yeah, that's 92 00:04:37,960 --> 00:04:39,839 Speaker 3: how I really started investing as well. 93 00:04:39,920 --> 00:04:42,920 Speaker 2: Welcome to the community. I love that you're here. 94 00:04:43,320 --> 00:04:43,880 Speaker 3: Thank you. 95 00:04:44,400 --> 00:04:47,640 Speaker 2: So you've got twenty thousand dollars, Like that's your money 96 00:04:47,640 --> 00:04:49,960 Speaker 2: story so far, but like, where's it going? 97 00:04:50,400 --> 00:04:54,160 Speaker 3: Okay? The plan is this June, I'm going to Europe 98 00:04:54,680 --> 00:04:57,599 Speaker 3: and there goes a lot of that money, but that's okay, 99 00:04:57,640 --> 00:05:01,320 Speaker 3: that's what it was allocated for, and traveling to me 100 00:05:01,440 --> 00:05:03,120 Speaker 3: is a priority. I really want to make the most 101 00:05:03,120 --> 00:05:06,080 Speaker 3: about why I can. And then I do have five 102 00:05:06,120 --> 00:05:08,839 Speaker 3: thousand dollars in an emergency fund, so that won't. 103 00:05:08,600 --> 00:05:10,880 Speaker 2: Be touched in addition to all of that. 104 00:05:11,440 --> 00:05:14,119 Speaker 3: No, no, no, sorry, twelve thousand for travel, five thousand 105 00:05:14,160 --> 00:05:15,640 Speaker 3: in an emergency. 106 00:05:15,320 --> 00:05:18,400 Speaker 2: Great, how cool. I love that you've already like you're 107 00:05:18,440 --> 00:05:20,560 Speaker 2: eighteen and you have an emergency fund. Are you joking? 108 00:05:21,480 --> 00:05:23,240 Speaker 3: No? It was the first thing I did. I was like, 109 00:05:23,320 --> 00:05:24,800 Speaker 3: VI said, I have to have one, fib I've got 110 00:05:24,839 --> 00:05:25,479 Speaker 3: to get one. 111 00:05:25,680 --> 00:05:28,960 Speaker 2: I love this so much. I'm obsessed. And I just 112 00:05:29,000 --> 00:05:31,760 Speaker 2: love that you're eighteen and have a five thousand dollar 113 00:05:31,839 --> 00:05:35,080 Speaker 2: emergency fund because that's something that so many people just 114 00:05:35,160 --> 00:05:39,320 Speaker 2: don't have. And like I know, having spoken to the community, 115 00:05:39,680 --> 00:05:42,520 Speaker 2: I've you know, just finished up my online course Your 116 00:05:42,520 --> 00:05:45,160 Speaker 2: Best Year Yet, And you know, that was a really 117 00:05:45,240 --> 00:05:47,400 Speaker 2: interactive course where I like got to talk to a 118 00:05:47,400 --> 00:05:48,680 Speaker 2: lot of people about you know, what are you going 119 00:05:48,720 --> 00:05:50,640 Speaker 2: to smash out this year? Like what are your goals 120 00:05:50,720 --> 00:05:53,040 Speaker 2: that we actually have to achieve? And lots of people 121 00:05:53,040 --> 00:05:55,919 Speaker 2: were talking about, you know, finally setting up their emergency funds, 122 00:05:55,920 --> 00:05:58,479 Speaker 2: and I'm so proud of them, But this idea that 123 00:05:58,480 --> 00:06:00,640 Speaker 2: you've done this at eighteen, there are going to be 124 00:06:00,680 --> 00:06:03,240 Speaker 2: a lot of people listening being like, holy guacamole, Like 125 00:06:03,360 --> 00:06:07,560 Speaker 2: what a little legend. But also it's just so inspirational 126 00:06:07,640 --> 00:06:10,160 Speaker 2: knowing that once you were twenty five, once you're thirty five, 127 00:06:10,279 --> 00:06:13,839 Speaker 2: once you're fifty, once you're sixty, like you're setting future 128 00:06:13,880 --> 00:06:17,200 Speaker 2: you up for the best type of success and you're 129 00:06:17,240 --> 00:06:19,360 Speaker 2: never going to be held back by money because you're 130 00:06:19,360 --> 00:06:22,120 Speaker 2: just sitting in this nice little nest egg that you're 131 00:06:22,120 --> 00:06:25,960 Speaker 2: building for yourself. And that's like literally so sexy, Like 132 00:06:26,000 --> 00:06:27,279 Speaker 2: I just think it's the coolest thing ever. 133 00:06:28,279 --> 00:06:30,600 Speaker 3: Oh it's honestly because of you. I've learned so much 134 00:06:30,640 --> 00:06:31,360 Speaker 3: from you. 135 00:06:31,360 --> 00:06:33,680 Speaker 2: You are way too kind, all right, tell me more. 136 00:06:33,760 --> 00:06:35,560 Speaker 2: I want to know more about your work. What do 137 00:06:35,600 --> 00:06:38,200 Speaker 2: you do for work and how much money do you earn? 138 00:06:38,800 --> 00:06:41,640 Speaker 3: I work as a school learning support officer, so I 139 00:06:41,680 --> 00:06:44,360 Speaker 3: am contracted three days a week by pick up casual 140 00:06:44,440 --> 00:06:46,760 Speaker 3: days when I can. So last year I earned twenty 141 00:06:46,760 --> 00:06:48,359 Speaker 3: thousand dollars after tax. 142 00:06:48,640 --> 00:06:51,640 Speaker 2: Wait, you earned twenty thousand dollars after tax. But earlier 143 00:06:51,720 --> 00:06:54,760 Speaker 2: in the show we learned that you saved nineteen thousand 144 00:06:54,800 --> 00:06:55,719 Speaker 2: dollars last year. 145 00:06:56,279 --> 00:06:58,520 Speaker 3: Well, then we'll get to my business. I saw hustle. 146 00:06:58,680 --> 00:07:01,159 Speaker 2: I was about to say, who's a little queen when 147 00:07:01,160 --> 00:07:02,280 Speaker 2: it comes to saving? 148 00:07:02,880 --> 00:07:05,919 Speaker 3: No, So then I also have my tutoring business that 149 00:07:05,960 --> 00:07:08,000 Speaker 3: I have with my sisters, and I earned the same 150 00:07:08,080 --> 00:07:10,720 Speaker 3: so twenty thousand dollars. I don't pay pay as you 151 00:07:10,760 --> 00:07:12,760 Speaker 3: go tax, so I will have to pay some tax 152 00:07:12,760 --> 00:07:13,440 Speaker 3: at tax time. 153 00:07:13,720 --> 00:07:16,040 Speaker 2: Yeah, and what does that actually look like day to day? 154 00:07:16,080 --> 00:07:18,160 Speaker 2: And how did you start this tutoring business? 155 00:07:18,440 --> 00:07:20,680 Speaker 3: We were just sitting at the dinner table one night 156 00:07:20,840 --> 00:07:23,320 Speaker 3: and there's so many people on Facebook that will say 157 00:07:23,320 --> 00:07:25,960 Speaker 3: does anyone know a tutor? And my mum just said, 158 00:07:25,960 --> 00:07:28,720 Speaker 3: why don't you girls start something? So a few months 159 00:07:28,760 --> 00:07:31,480 Speaker 3: later we got our ABN and then on Facebook we 160 00:07:31,560 --> 00:07:34,000 Speaker 3: just started replying to people saying, oh, we have a 161 00:07:34,040 --> 00:07:36,800 Speaker 3: tutoring business. We'd love to cheotor you. So I actually 162 00:07:36,840 --> 00:07:40,120 Speaker 3: started this when I was fifteen with them just a baby. 163 00:07:40,640 --> 00:07:43,600 Speaker 3: It's crazy because at the time I didn't feel young, 164 00:07:43,680 --> 00:07:45,480 Speaker 3: Like I look back like fifteen is very young. I 165 00:07:45,480 --> 00:07:49,160 Speaker 3: didn't feel like that. And then now we have a 166 00:07:49,200 --> 00:07:50,640 Speaker 3: tutor who works for us as well. 167 00:07:51,240 --> 00:07:52,160 Speaker 2: Oh how cool. 168 00:07:52,640 --> 00:07:54,840 Speaker 3: Yes, it is amazing. We just have a big Google drive. 169 00:07:55,000 --> 00:07:57,240 Speaker 3: We've been doing it for four years now, so we 170 00:07:57,360 --> 00:07:59,520 Speaker 3: just have a lot of resources, a lot of worksheet 171 00:07:59,600 --> 00:08:02,000 Speaker 3: booklet so just over time we built it up as well. 172 00:08:02,640 --> 00:08:06,040 Speaker 2: How cool. And you guys just tutor in the subject 173 00:08:06,080 --> 00:08:08,960 Speaker 2: areas that you kind of excell in or like what 174 00:08:09,000 --> 00:08:10,720 Speaker 2: does that look like? How did you go? All right? 175 00:08:11,120 --> 00:08:13,560 Speaker 2: You know, I'm a pretty smart girl. I'm willing to 176 00:08:13,600 --> 00:08:17,600 Speaker 2: teach others, especially so young. Was that a very big Oh? 177 00:08:17,800 --> 00:08:19,040 Speaker 2: Actually no, I'm really good at this. 178 00:08:19,160 --> 00:08:22,000 Speaker 3: So we were like, oh, so I actually always had 179 00:08:22,000 --> 00:08:24,200 Speaker 3: tutored primary school kids. When I was in high school, 180 00:08:24,280 --> 00:08:26,960 Speaker 3: I tewed Eddy two D six and then I did 181 00:08:27,080 --> 00:08:30,360 Speaker 3: very well in my final school exams, so I started 182 00:08:30,360 --> 00:08:32,679 Speaker 3: tutoring high school students as well. So I tutor year 183 00:08:32,720 --> 00:08:37,000 Speaker 3: seven to twelve English and maths. And really, for example, 184 00:08:37,000 --> 00:08:39,000 Speaker 3: although I focus on English and maths, if one of 185 00:08:39,000 --> 00:08:41,800 Speaker 3: my students needs help, for example, on a woodwork assignment, 186 00:08:41,880 --> 00:08:43,760 Speaker 3: and it's like a theory of that, we'll just do that. 187 00:08:44,000 --> 00:08:47,160 Speaker 2: Yeah, of course, because it's not necessarily about you know, 188 00:08:47,320 --> 00:08:50,000 Speaker 2: being a genius at that topic, but rather helping somebody 189 00:08:50,120 --> 00:08:52,000 Speaker 2: learn their course work. 190 00:08:52,120 --> 00:08:53,160 Speaker 3: Right. Absolutely. 191 00:08:53,520 --> 00:08:55,360 Speaker 2: I did a bit of tutoring when I was at UNI, 192 00:08:55,440 --> 00:08:57,160 Speaker 2: and I loved it. I just always thought it was 193 00:08:57,200 --> 00:08:57,760 Speaker 2: really fun. 194 00:08:58,360 --> 00:09:00,600 Speaker 3: Yeah, And a big misconception is I would say that 195 00:09:00,960 --> 00:09:03,120 Speaker 3: it's not about doing the work for them, it's guiding 196 00:09:03,120 --> 00:09:05,760 Speaker 3: them and equipping them with the skills to do the work. 197 00:09:05,920 --> 00:09:09,280 Speaker 2: Yeah, Adore, what's going to happen to the business? Obviously, 198 00:09:09,440 --> 00:09:12,400 Speaker 2: you're only eighteen, you're planning on traveling, and I'm assuming 199 00:09:12,520 --> 00:09:15,760 Speaker 2: you're studying. Yes, what's going to happen to the business 200 00:09:15,840 --> 00:09:16,360 Speaker 2: in the future. 201 00:09:17,160 --> 00:09:20,000 Speaker 3: Well, right now, I do work one day to first day, 202 00:09:20,000 --> 00:09:23,360 Speaker 3: every afternoon tutoring, and then when I travel, two weeks 203 00:09:23,480 --> 00:09:26,760 Speaker 3: is over school holidays, two weeks is during school term, 204 00:09:26,840 --> 00:09:28,560 Speaker 3: so I just let them know that I can't tuator 205 00:09:28,640 --> 00:09:32,000 Speaker 3: those two weeks. But the plan is when I finish 206 00:09:32,080 --> 00:09:34,760 Speaker 3: my degree to continue tutoring. But if I do feel 207 00:09:34,760 --> 00:09:37,080 Speaker 3: like it's too much, or you know, I don't have 208 00:09:37,120 --> 00:09:39,400 Speaker 3: a good work life balance, I can always reduce the 209 00:09:39,440 --> 00:09:40,760 Speaker 3: amount of students I tutor. 210 00:09:41,160 --> 00:09:43,600 Speaker 2: Yeah, so tell me that was a grand assumption. I 211 00:09:43,640 --> 00:09:46,800 Speaker 2: was like, she's pretty smart, she's got a tutoring business. 212 00:09:46,840 --> 00:09:51,040 Speaker 2: I think she's probably studying still herself. What are you studying? 213 00:09:51,080 --> 00:09:52,400 Speaker 2: What do you want to be when you grow up? 214 00:09:53,040 --> 00:09:54,680 Speaker 3: I'm studying to be primary school teacher. 215 00:09:54,880 --> 00:09:56,280 Speaker 2: Of course, you are perfect fit. 216 00:09:56,520 --> 00:09:58,240 Speaker 3: Yes, and that's why I work in school as well, 217 00:09:58,280 --> 00:09:59,920 Speaker 3: because it just goes so well. 218 00:10:00,240 --> 00:10:02,559 Speaker 2: And then I want to be a primary school teacher. 219 00:10:02,559 --> 00:10:04,679 Speaker 2: We're going to keep this tutoring business on the side 220 00:10:04,679 --> 00:10:06,840 Speaker 2: with your employees in it or I hope. 221 00:10:06,880 --> 00:10:10,800 Speaker 3: So I love this, Thank you. Hopefully one day I 222 00:10:10,800 --> 00:10:13,160 Speaker 3: could be some sort of executive in school, do you know, 223 00:10:13,280 --> 00:10:15,199 Speaker 3: curriculum advice or being an ap. 224 00:10:15,840 --> 00:10:18,000 Speaker 2: Oh, you're going to be the principal. It's all good. 225 00:10:18,040 --> 00:10:20,640 Speaker 2: You're going to run this town. I love it. Tell me, now, 226 00:10:20,760 --> 00:10:22,520 Speaker 2: what are your big money goals? What are you currently 227 00:10:22,559 --> 00:10:23,599 Speaker 2: working towards. 228 00:10:23,920 --> 00:10:26,920 Speaker 3: My big money goal is to continue investing. I would 229 00:10:26,960 --> 00:10:29,960 Speaker 3: love to have maybe twenty thousand dollars invested by the 230 00:10:29,960 --> 00:10:33,720 Speaker 3: time I graduate YEAP and while I'm in UNI continuing 231 00:10:33,760 --> 00:10:36,800 Speaker 3: to save to travel. In about eighteen months, I'm going 232 00:10:36,840 --> 00:10:40,480 Speaker 3: to be able to actually casually teach, so that means 233 00:10:40,520 --> 00:10:42,559 Speaker 3: I get more money, which means I could probably start 234 00:10:42,600 --> 00:10:44,400 Speaker 3: saving for an investment property. 235 00:10:45,160 --> 00:10:48,720 Speaker 2: Ah, investment property. Yeah, you've already got your eyes on 236 00:10:48,760 --> 00:10:49,319 Speaker 2: the price. 237 00:10:49,960 --> 00:10:52,439 Speaker 3: Yes, I do live in Sydney, so it does feel 238 00:10:52,520 --> 00:10:55,040 Speaker 3: unattainable to probably buy in Sydney, so I would buy 239 00:10:55,080 --> 00:10:58,240 Speaker 3: out of state, but just something maybe with a smaller 240 00:10:58,280 --> 00:11:00,000 Speaker 3: mortgage I could afford. 241 00:11:00,000 --> 00:11:02,160 Speaker 2: One hundred percent. And you've probably listened to a heap 242 00:11:02,200 --> 00:11:04,480 Speaker 2: of money dies where you know that's possible. Like I 243 00:11:04,520 --> 00:11:08,240 Speaker 2: think when you're young and you don't have access to 244 00:11:08,320 --> 00:11:10,960 Speaker 2: content like we create on cheese on the money, you 245 00:11:11,040 --> 00:11:13,840 Speaker 2: make automatic assumptions. You're like, well, I live in Sydney 246 00:11:13,880 --> 00:11:17,000 Speaker 2: and Sydney's really expensive, therefore I can't afford property. And 247 00:11:17,040 --> 00:11:18,480 Speaker 2: it's like, well, actually we just need to be a 248 00:11:18,480 --> 00:11:20,679 Speaker 2: little bit creative. We actually just need to look a 249 00:11:20,720 --> 00:11:23,800 Speaker 2: little bit further. Is that something that you'd always know 250 00:11:23,840 --> 00:11:25,520 Speaker 2: and you're like, look, I'm probably going to buy property, 251 00:11:25,559 --> 00:11:26,840 Speaker 2: but I'll have to buy it out of state or 252 00:11:26,880 --> 00:11:29,599 Speaker 2: is that a newer type of I guess goal that 253 00:11:29,600 --> 00:11:31,920 Speaker 2: you're like, actually, this might be possible for me. 254 00:11:32,360 --> 00:11:34,680 Speaker 3: Initially, I just thought I'd just purchased a fairly home 255 00:11:34,720 --> 00:11:38,480 Speaker 3: that i'd live in. And then I heard about rent vesting, 256 00:11:38,559 --> 00:11:41,480 Speaker 3: where you buy elsewhere but you rent sort of in 257 00:11:41,480 --> 00:11:43,520 Speaker 3: the suburb you want to live, and I think that 258 00:11:43,640 --> 00:11:46,280 Speaker 3: is a bit more attainable than buy like a one 259 00:11:46,280 --> 00:11:49,640 Speaker 3: point something million dollar house in Sydney. Yeah, so it's 260 00:11:49,640 --> 00:11:50,679 Speaker 3: definitely has changed. 261 00:11:50,880 --> 00:11:53,560 Speaker 2: It's a little bit more approachable, and I think, you know, 262 00:11:53,800 --> 00:11:57,120 Speaker 2: in twenty twenty four, we need to be remembering that 263 00:11:57,200 --> 00:11:59,800 Speaker 2: it's not the same as the eighties or the nineties, 264 00:12:00,200 --> 00:12:01,920 Speaker 2: Like you can no longer just go and buy your 265 00:12:01,960 --> 00:12:05,360 Speaker 2: first home and move straight in. Property nowadays is a 266 00:12:05,360 --> 00:12:08,040 Speaker 2: lot about kind of stepping stones and going from I 267 00:12:08,160 --> 00:12:10,840 Speaker 2: bought an investment property, you know, give that a couple 268 00:12:10,880 --> 00:12:12,920 Speaker 2: of years, get some equity, because we just don't have 269 00:12:13,000 --> 00:12:17,920 Speaker 2: the capacity in twenty twenty four to purchase properties without 270 00:12:18,000 --> 00:12:21,240 Speaker 2: more leverage, because I feel like so many times people 271 00:12:21,280 --> 00:12:23,240 Speaker 2: just assume their salary is going to be enough, and 272 00:12:23,280 --> 00:12:25,240 Speaker 2: it's like, well it could be if you're saving for 273 00:12:25,280 --> 00:12:27,959 Speaker 2: twenty years for that deposit. But we actually need to 274 00:12:28,000 --> 00:12:30,520 Speaker 2: be a little bit more creative because inflation is not 275 00:12:30,559 --> 00:12:32,320 Speaker 2: what it used to be and it makes me cry. 276 00:12:32,480 --> 00:12:34,280 Speaker 2: But there's still a plan and that's okay. 277 00:12:34,960 --> 00:12:35,680 Speaker 3: Absolutely. 278 00:12:35,880 --> 00:12:38,200 Speaker 2: I want to ask a little bit more about this travel. Right, 279 00:12:38,240 --> 00:12:41,360 Speaker 2: So you haven't traveled extensively yet because you're just a baby. 280 00:12:42,040 --> 00:12:46,600 Speaker 2: How have you started to budget for travel so obviously 281 00:12:46,679 --> 00:12:49,400 Speaker 2: having not done it yet, where are you researching? What 282 00:12:49,440 --> 00:12:51,760 Speaker 2: are you doing? Like in our community, there are so 283 00:12:51,800 --> 00:12:54,400 Speaker 2: many questions about how do I you know, look up 284 00:12:54,400 --> 00:12:55,400 Speaker 2: flights or this all that? 285 00:12:55,520 --> 00:12:55,720 Speaker 3: You know? 286 00:12:55,760 --> 00:12:57,920 Speaker 2: What's it going to cost me? You said Europe? Europe 287 00:12:57,960 --> 00:13:01,480 Speaker 2: can be really expensive? My friend tell me, because I 288 00:13:01,480 --> 00:13:03,320 Speaker 2: feel like you're going to be structured in this. 289 00:13:04,320 --> 00:13:07,560 Speaker 3: Yes. So actually during COVID, during our long lockdown, I 290 00:13:07,559 --> 00:13:09,280 Speaker 3: was like, oh, I want to do travel. So I 291 00:13:09,400 --> 00:13:12,040 Speaker 3: planned out a whole year of this imaginary trip. 292 00:13:12,160 --> 00:13:13,600 Speaker 2: No you didn't, Yes, I did. 293 00:13:13,920 --> 00:13:16,319 Speaker 3: And it's so sad to look back on because surprises 294 00:13:16,360 --> 00:13:18,280 Speaker 3: were so cheap. You could get a hostel of like 295 00:13:18,320 --> 00:13:21,640 Speaker 3: thirty dollars a night. Yeah, so budgeting for this trip 296 00:13:21,720 --> 00:13:25,400 Speaker 3: my sister does live in London are very nice. So 297 00:13:25,440 --> 00:13:28,240 Speaker 3: my Mum and I we are going, and then we 298 00:13:28,280 --> 00:13:30,800 Speaker 3: actually thought in our heads maybe one hundred two hundred 299 00:13:30,800 --> 00:13:33,760 Speaker 3: dollars a night per person, but then looking at accommodation, 300 00:13:33,960 --> 00:13:36,880 Speaker 3: unfortunately it's just more than that, just due to the 301 00:13:36,880 --> 00:13:39,240 Speaker 3: time of the year, so budgeting for that, it was 302 00:13:39,280 --> 00:13:42,240 Speaker 3: just flights the accommodation, and we just saw how much 303 00:13:42,280 --> 00:13:44,760 Speaker 3: we could probably spend every day, and it looks like 304 00:13:44,800 --> 00:13:46,200 Speaker 3: it could be about twelve grand. 305 00:13:46,760 --> 00:13:50,199 Speaker 2: Yeah, Elite, I love that you've got it planned. And 306 00:13:50,400 --> 00:13:51,839 Speaker 2: the other thing that I love is that you have 307 00:13:51,880 --> 00:13:54,080 Speaker 2: an emergency fund going over there, so even if you 308 00:13:54,120 --> 00:13:56,440 Speaker 2: do get into a pickle, you're going to be okay. 309 00:13:57,160 --> 00:13:59,679 Speaker 3: Yeah, and we also have to budget for travel insurance. 310 00:14:00,240 --> 00:14:03,480 Speaker 2: Very very nice. I was about to ask you about investment, 311 00:14:03,520 --> 00:14:05,720 Speaker 2: but I'm going to save that for after the break. 312 00:14:05,720 --> 00:14:07,480 Speaker 2: So let's go to a really quick break. And on 313 00:14:07,520 --> 00:14:09,480 Speaker 2: the flip side, I want to know your investing plan, 314 00:14:09,520 --> 00:14:12,000 Speaker 2: because you did say you want to invest twenty thousand 315 00:14:12,040 --> 00:14:15,520 Speaker 2: dollars by the time you've graduated. I think I graduated 316 00:14:15,559 --> 00:14:18,600 Speaker 2: with debts, so I'm excited to hear about this. So guys, 317 00:14:18,640 --> 00:14:25,480 Speaker 2: don't go anywhere, all right, money diarist, We are back 318 00:14:25,600 --> 00:14:28,760 Speaker 2: and earlier, you said I want to invest twenty thousand 319 00:14:28,800 --> 00:14:31,600 Speaker 2: dollars by the time I graduate, And next question I 320 00:14:31,640 --> 00:14:33,480 Speaker 2: had written down was I want to know about your 321 00:14:33,480 --> 00:14:36,800 Speaker 2: investment plans, So tell us how are you going to 322 00:14:36,880 --> 00:14:38,840 Speaker 2: do that? What does that look like? And have you 323 00:14:38,880 --> 00:14:39,360 Speaker 2: got a plan? 324 00:14:40,600 --> 00:14:43,880 Speaker 3: So last year I used the snowballs strategy, just doing 325 00:14:43,960 --> 00:14:46,320 Speaker 3: one saving scot at a time, yep. But this year 326 00:14:46,320 --> 00:14:47,880 Speaker 3: I'm going to do a little bit differently. I don't 327 00:14:47,880 --> 00:14:49,920 Speaker 3: know what it's called, but you just put money aside 328 00:14:49,920 --> 00:14:52,640 Speaker 3: every single pay So that's what I'll do. And I 329 00:14:52,800 --> 00:14:55,720 Speaker 3: just put as much as I can every pay aside 330 00:14:55,760 --> 00:14:59,400 Speaker 3: for investing, and then every time it reaches five hundred 331 00:14:59,480 --> 00:15:03,360 Speaker 3: or one thousand, I'll invest. I really like ETF. Currently 332 00:15:03,400 --> 00:15:08,680 Speaker 3: I'm in ASX two hundred, but there's two, Like there's 333 00:15:08,680 --> 00:15:11,000 Speaker 3: one stock that's like seven thousand dollars per stock, but 334 00:15:11,000 --> 00:15:14,600 Speaker 3: there's another ASEX one that is like sixty something per stock, 335 00:15:14,840 --> 00:15:17,440 Speaker 3: so I'm in the smaller one, and then I'm in 336 00:15:17,440 --> 00:15:22,800 Speaker 3: an agricultural ETF. So I will just continue being in 337 00:15:22,840 --> 00:15:23,600 Speaker 3: any ETF. 338 00:15:24,160 --> 00:15:27,720 Speaker 2: So tell me about how you came up with splitting 339 00:15:27,720 --> 00:15:30,920 Speaker 2: your investment that you currently have between the ASX top 340 00:15:30,960 --> 00:15:34,880 Speaker 2: two hundred and an agricultural ETF. Like, where did that 341 00:15:35,040 --> 00:15:38,440 Speaker 2: thought pattern come from? Like, yeah, tell me more. 342 00:15:39,160 --> 00:15:42,000 Speaker 3: I really knew it was important to have diversified stocks. 343 00:15:42,080 --> 00:15:45,080 Speaker 3: So although the top two hundred stocks or he has diversity, 344 00:15:45,120 --> 00:15:47,960 Speaker 3: I wanted something different as well, which has worked out 345 00:15:47,960 --> 00:15:50,600 Speaker 3: well because at times the ASEX one has dropped, the 346 00:15:50,640 --> 00:15:53,160 Speaker 3: agriculture one has gone up, and vice versa. 347 00:15:53,240 --> 00:15:55,840 Speaker 2: Isn't it fun to watch when you start to learn, No, 348 00:15:55,960 --> 00:15:59,320 Speaker 2: it's not fun. I think it's fun because you kind 349 00:15:59,320 --> 00:16:01,600 Speaker 2: of feel valid in the choice that you make. Right, 350 00:16:01,640 --> 00:16:05,320 Speaker 2: so you've obviously diversified, and you're like, ah, I see why, 351 00:16:05,520 --> 00:16:08,680 Speaker 2: Like I did that, and I feel good when you know. 352 00:16:08,760 --> 00:16:11,040 Speaker 2: It's obviously not a good feeling when your ETF is down. 353 00:16:11,120 --> 00:16:12,920 Speaker 2: No one likes that. Don't get me wrong. Oh I'm 354 00:16:12,960 --> 00:16:16,360 Speaker 2: meant to be like really good at money, but I 355 00:16:16,440 --> 00:16:18,360 Speaker 2: still look at my portfolio and if it's down, I'm 356 00:16:18,360 --> 00:16:21,480 Speaker 2: like ill, David like no, Ill, Like I don't like 357 00:16:21,600 --> 00:16:25,320 Speaker 2: it either. But it's nice to see your whole portfolio 358 00:16:25,360 --> 00:16:27,480 Speaker 2: and go, oh, that is down, but all that one's 359 00:16:27,520 --> 00:16:31,240 Speaker 2: doing well and all balances out. That's why we do diversification. 360 00:16:31,960 --> 00:16:32,720 Speaker 3: Absolutely. 361 00:16:33,000 --> 00:16:35,800 Speaker 2: How do you learn about diversification at eighteen though, like sis, 362 00:16:35,840 --> 00:16:38,840 Speaker 2: I don't get it. Like at eighteen, if you'd said diversification, 363 00:16:38,920 --> 00:16:40,520 Speaker 2: I'd be like wholl, I didn't even know how to 364 00:16:40,520 --> 00:16:40,960 Speaker 2: spell that. 365 00:16:41,360 --> 00:16:44,120 Speaker 3: It was honestly through your book, especially even when you 366 00:16:44,160 --> 00:16:47,080 Speaker 3: talked about investing the same amount at different times, Like 367 00:16:47,320 --> 00:16:49,240 Speaker 3: just through your book. 368 00:16:49,120 --> 00:16:52,120 Speaker 2: She's dolo cost averaging, she's investing, and guys, she still 369 00:16:52,120 --> 00:16:53,960 Speaker 2: thinks she's b So we're gonna have a fight at 370 00:16:53,960 --> 00:16:56,080 Speaker 2: the end. But that's all right. I love a little 371 00:16:56,080 --> 00:16:59,520 Speaker 2: bit of a morning argument. I want to know, I 372 00:17:00,280 --> 00:17:01,680 Speaker 2: know the answer to this. Put us on the list 373 00:17:01,720 --> 00:17:04,000 Speaker 2: of questions, my love, Do you have any debt? If so, 374 00:17:04,040 --> 00:17:04,479 Speaker 2: what is it? 375 00:17:05,200 --> 00:17:08,320 Speaker 3: Yes, I have about four thousand dollars in my hex step. 376 00:17:08,440 --> 00:17:10,800 Speaker 3: That's not an exact amount, just a guess, but yeah, 377 00:17:10,800 --> 00:17:11,919 Speaker 3: about four thousand dollars. 378 00:17:12,280 --> 00:17:13,800 Speaker 2: And how much do you think that's going to go 379 00:17:13,960 --> 00:17:16,360 Speaker 2: up by for the study that you're doing. 380 00:17:17,040 --> 00:17:18,680 Speaker 3: I think by the time I graduated to be about 381 00:17:18,760 --> 00:17:20,040 Speaker 3: sixteen to twenty grand. 382 00:17:20,359 --> 00:17:22,199 Speaker 2: And do you have a plan for that or is 383 00:17:22,200 --> 00:17:24,000 Speaker 2: that something that you're going to let tick along? Have 384 00:17:24,080 --> 00:17:24,840 Speaker 2: you thought about it? 385 00:17:25,040 --> 00:17:27,960 Speaker 3: I'm just gonna let it tick along because historically it 386 00:17:28,000 --> 00:17:30,240 Speaker 3: hasn't indexed a lot, so I just think I could 387 00:17:30,240 --> 00:17:32,560 Speaker 3: actually make more money investing it somewhere else. 388 00:17:33,000 --> 00:17:36,200 Speaker 2: Yah, smart cookie. When you say it hasn't indexed a lot, 389 00:17:36,240 --> 00:17:39,160 Speaker 2: but last year it indexed at seven point one percent, 390 00:17:40,280 --> 00:17:43,399 Speaker 2: how are you coming to that conclusion? Are you going 391 00:17:43,520 --> 00:17:45,800 Speaker 2: oh over the long term? And how did you learn 392 00:17:45,840 --> 00:17:48,439 Speaker 2: to think like that, because like nobody thinks like that. 393 00:17:48,480 --> 00:17:50,680 Speaker 2: Everyone freaks out that it was seven point one percent 394 00:17:50,760 --> 00:17:51,200 Speaker 2: last year. 395 00:17:51,520 --> 00:17:53,720 Speaker 3: I think last year a lot of things in the 396 00:17:53,760 --> 00:17:56,440 Speaker 3: mining world were very different. For example, stocks went down, 397 00:17:56,880 --> 00:17:59,920 Speaker 3: the index went up. I just think perhaps it could 398 00:17:59,920 --> 00:18:02,280 Speaker 3: be one or two year off. Maybe it won't be 399 00:18:02,320 --> 00:18:03,080 Speaker 3: like that every year. 400 00:18:03,600 --> 00:18:06,120 Speaker 2: All Right, she's a genius, guys, give it what three 401 00:18:06,200 --> 00:18:07,920 Speaker 2: or four years and I'll be out of a job. 402 00:18:07,920 --> 00:18:10,280 Speaker 2: At She's on the money and this money diarist will 403 00:18:10,280 --> 00:18:12,520 Speaker 2: be in. So I'm just going to make what I 404 00:18:12,560 --> 00:18:14,360 Speaker 2: can for the next few years. Before you take over 405 00:18:14,440 --> 00:18:16,560 Speaker 2: my world, I want to know you probably have a 406 00:18:16,560 --> 00:18:19,440 Speaker 2: million of them. What are your best money habits? 407 00:18:19,960 --> 00:18:22,399 Speaker 3: My best money habit is when I get paid. I 408 00:18:22,480 --> 00:18:25,119 Speaker 3: have a purpose for every single dollar. Everywhere has a 409 00:18:25,200 --> 00:18:28,919 Speaker 3: place to be, yes, Queen, and I do get paid 410 00:18:29,280 --> 00:18:31,640 Speaker 3: a regular announts because if I pick up casual work 411 00:18:31,720 --> 00:18:34,359 Speaker 3: or maybe one week, five of my tutoring students are sick. 412 00:18:34,760 --> 00:18:36,840 Speaker 3: I just have a system that really works for that. 413 00:18:37,359 --> 00:18:40,840 Speaker 2: Yeah, okay, And how did you learn to cash flow? 414 00:18:41,280 --> 00:18:43,560 Speaker 2: Is this something that you've always done? Did your mom 415 00:18:43,720 --> 00:18:44,359 Speaker 2: teach you? 416 00:18:44,480 --> 00:18:44,600 Speaker 3: Like? 417 00:18:44,640 --> 00:18:45,679 Speaker 2: What does this look like? 418 00:18:46,280 --> 00:18:48,280 Speaker 3: I actually have heard my own and pop always say 419 00:18:48,400 --> 00:18:52,000 Speaker 3: say first, then spend. I actually don't really know where 420 00:18:52,040 --> 00:18:53,760 Speaker 3: I learned. I think I just looked at what are 421 00:18:53,800 --> 00:18:56,320 Speaker 3: my main goals? How much would I need to save 422 00:18:56,359 --> 00:18:59,120 Speaker 3: every week to get there? And then it just had 423 00:18:59,119 --> 00:18:59,920 Speaker 3: a domino face. 424 00:19:00,720 --> 00:19:03,720 Speaker 2: Any other good money habits you'd like to share with us. 425 00:19:03,600 --> 00:19:07,040 Speaker 3: I'm very good at delayed gratification. For example, there were 426 00:19:07,080 --> 00:19:09,480 Speaker 3: shoes I looked at for two years before I purchase 427 00:19:09,560 --> 00:19:10,640 Speaker 3: them two years. 428 00:19:11,160 --> 00:19:14,560 Speaker 2: Yes, they even keep them in stock after two years. 429 00:19:14,560 --> 00:19:17,320 Speaker 3: Yes they do, but they actually went up a little bit. 430 00:19:17,320 --> 00:19:19,239 Speaker 3: I'm like, I should actually just brought them to start with. 431 00:19:19,400 --> 00:19:21,240 Speaker 2: What shoes are these? Because like we need to know, 432 00:19:21,280 --> 00:19:22,080 Speaker 2: I'm a shree girley. 433 00:19:22,520 --> 00:19:24,520 Speaker 3: Okay, they were Nike Jordans. 434 00:19:24,840 --> 00:19:27,200 Speaker 2: That's a thing. At the moment, I can't get into 435 00:19:27,240 --> 00:19:30,479 Speaker 2: it because I am an elder millennial. You see like, 436 00:19:30,560 --> 00:19:32,439 Speaker 2: I'm just not cool enough, and if I put them on, 437 00:19:32,480 --> 00:19:35,040 Speaker 2: you guys would be like, Victoria Devine, take those off 438 00:19:35,119 --> 00:19:38,760 Speaker 2: right now? You are not cool? But I get it. 439 00:19:38,800 --> 00:19:41,920 Speaker 2: I have a nephew who is obsessed with air Jordans. 440 00:19:42,040 --> 00:19:43,200 Speaker 2: Are you now a collector? 441 00:19:43,920 --> 00:19:46,440 Speaker 3: No? I have two pairs and I don't really wear 442 00:19:46,480 --> 00:19:49,159 Speaker 3: them that much now. I actually prefer sandals, which is 443 00:19:49,200 --> 00:19:49,920 Speaker 3: a complete. 444 00:19:49,600 --> 00:19:53,679 Speaker 2: Opposite, but it still sparks joy. So we're gonna leave 445 00:19:53,680 --> 00:19:57,320 Speaker 2: it in the positive money habits section exactly right now. 446 00:19:57,320 --> 00:19:59,600 Speaker 2: Tell me about your worst money habits. What do you 447 00:19:59,600 --> 00:19:59,919 Speaker 2: think they? 448 00:20:00,560 --> 00:20:02,320 Speaker 3: I would actually say I have a lot of guilt 449 00:20:02,359 --> 00:20:05,639 Speaker 3: around spending money because I just think money spent is 450 00:20:05,680 --> 00:20:06,800 Speaker 3: money that's not saved. 451 00:20:07,840 --> 00:20:09,320 Speaker 2: Why where's this coming from. 452 00:20:09,520 --> 00:20:13,080 Speaker 3: I think I did grow up quite frugally and really 453 00:20:13,080 --> 00:20:15,320 Speaker 3: we just have what we needed. So showed me that 454 00:20:15,359 --> 00:20:17,240 Speaker 3: I don't need to have a lot of things. 455 00:20:17,560 --> 00:20:20,160 Speaker 2: That's absolutely fair. I want to know a little bit 456 00:20:20,160 --> 00:20:24,280 Speaker 2: more around this mindset thing. Everyone's listening and they're just like, 457 00:20:24,640 --> 00:20:27,800 Speaker 2: holy guacamole, this girl has her head screwed on. 458 00:20:28,160 --> 00:20:28,440 Speaker 3: Right. 459 00:20:29,440 --> 00:20:32,240 Speaker 2: You're eighteen. You grew up in a single parent household, 460 00:20:32,280 --> 00:20:35,359 Speaker 2: which is honestly so inspirational, like single moms do not 461 00:20:35,480 --> 00:20:38,359 Speaker 2: get the credit that they deserve. And the fact that 462 00:20:38,400 --> 00:20:41,160 Speaker 2: you're like mum put out education first, Like you've obviously 463 00:20:41,200 --> 00:20:43,879 Speaker 2: got siblings, so your mum wasn't even just one kid, 464 00:20:44,080 --> 00:20:45,680 Speaker 2: there were three of you. Is that right? 465 00:20:45,880 --> 00:20:46,600 Speaker 3: Yes, there is. 466 00:20:46,920 --> 00:20:49,320 Speaker 2: This queen has taught you how to save, how to like, 467 00:20:49,359 --> 00:20:51,639 Speaker 2: you know, get on the right track. She empowered you 468 00:20:51,680 --> 00:20:54,879 Speaker 2: to start your business at fifteen, Like I want this 469 00:20:54,960 --> 00:20:58,000 Speaker 2: queen on the show, like I want to literally and 470 00:20:58,119 --> 00:21:00,600 Speaker 2: maybe if you guys are listening, not just money darrest, 471 00:21:01,400 --> 00:21:03,399 Speaker 2: if your mum wants to come on the show and 472 00:21:03,440 --> 00:21:05,520 Speaker 2: she now has adult kids that are in the she's 473 00:21:05,560 --> 00:21:07,320 Speaker 2: on the money community, we want to hear from them. 474 00:21:07,359 --> 00:21:10,159 Speaker 2: I want to hear that money story because I know 475 00:21:10,280 --> 00:21:12,359 Speaker 2: it's not easy, Like I know it's just going to 476 00:21:12,440 --> 00:21:14,480 Speaker 2: be juicy, and there's going to be stuff behind it 477 00:21:14,520 --> 00:21:16,680 Speaker 2: where she thought she wasn't doing a good job, but 478 00:21:16,760 --> 00:21:18,359 Speaker 2: she was because she was doing the best for her 479 00:21:18,440 --> 00:21:23,080 Speaker 2: kids the entire time. Anyway, side note, the last thing 480 00:21:23,160 --> 00:21:25,840 Speaker 2: I want to talk to you about is your bee, 481 00:21:26,400 --> 00:21:29,199 Speaker 2: you said at the start of this episode, and like 482 00:21:29,280 --> 00:21:31,760 Speaker 2: now you've probably heard yourself when we've talked about this. 483 00:21:32,800 --> 00:21:34,840 Speaker 2: I don't think many people are going to go, oh, 484 00:21:34,880 --> 00:21:38,760 Speaker 2: this money darist is definitely a bee. She's obviously killing 485 00:21:38,800 --> 00:21:41,800 Speaker 2: it and she's just a baby. Oh think you tell 486 00:21:41,840 --> 00:21:44,720 Speaker 2: me what it would take to get you to an 487 00:21:44,760 --> 00:21:47,399 Speaker 2: A plus, Like, what does that actually look like? 488 00:21:48,080 --> 00:21:50,240 Speaker 3: I think the biggest thing it would take is really 489 00:21:50,280 --> 00:21:53,160 Speaker 3: thinking before I Apple paid so easy to just tap. 490 00:21:53,280 --> 00:21:55,879 Speaker 3: I think that's the biggest thing, really thinking. Do I 491 00:21:55,920 --> 00:21:57,520 Speaker 3: feel like this eight dollar coffee? 492 00:21:57,720 --> 00:21:57,960 Speaker 2: Yes? 493 00:21:58,200 --> 00:22:00,600 Speaker 3: I do. I know I always like the eight dollar coffee. 494 00:22:01,000 --> 00:22:03,280 Speaker 2: It's a slippery slope, isn't it. But like, at the 495 00:22:03,359 --> 00:22:05,399 Speaker 2: end of the day, the show is about values, but 496 00:22:05,560 --> 00:22:07,800 Speaker 2: your coffee, I promise, is not putting you in a 497 00:22:07,840 --> 00:22:09,919 Speaker 2: position where you're a b So you're gonna have to 498 00:22:10,040 --> 00:22:13,280 Speaker 2: justify it further. I'm really sorry, what makes you a b? 499 00:22:14,040 --> 00:22:14,320 Speaker 1: Ah? 500 00:22:14,760 --> 00:22:16,320 Speaker 3: I'm on the spot now. I don't even know what 501 00:22:16,359 --> 00:22:16,720 Speaker 3: to say. 502 00:22:17,000 --> 00:22:19,160 Speaker 2: One hundred percent. You can't come on this show be like, Hey, 503 00:22:19,320 --> 00:22:22,640 Speaker 2: by the way, I'm actually a legend. I'm eighteen, I've 504 00:22:22,880 --> 00:22:25,920 Speaker 2: you know, saved twenty grand I've invested sixy three hundred. 505 00:22:26,000 --> 00:22:28,119 Speaker 2: I have this really great plan to go to Europe 506 00:22:28,119 --> 00:22:31,280 Speaker 2: in July. I'm gonna have like the best time my 507 00:22:31,359 --> 00:22:33,320 Speaker 2: mom and I are going. I've done all my budget. 508 00:22:33,359 --> 00:22:35,760 Speaker 2: By the way, when it comes to investing, I'm really 509 00:22:35,800 --> 00:22:39,440 Speaker 2: well diversified, and I fully comprehend that. Also fully understand 510 00:22:39,440 --> 00:22:41,520 Speaker 2: my hex And here's why I'm not paying it off. 511 00:22:41,560 --> 00:22:44,720 Speaker 2: Like you are saying things that people in their fifties 512 00:22:44,760 --> 00:22:46,760 Speaker 2: are still like, Oh, I haven't wrapped my head around 513 00:22:46,840 --> 00:22:50,119 Speaker 2: that concept yet. And that's fine because we're all on 514 00:22:50,160 --> 00:22:52,399 Speaker 2: our different journeys, right, But like, there are gonna be 515 00:22:52,480 --> 00:22:54,720 Speaker 2: some people who are like this girl's got a few 516 00:22:54,800 --> 00:22:56,480 Speaker 2: rocks in her head. If she thinks she's a bee, 517 00:22:56,960 --> 00:23:00,040 Speaker 2: you're definitely an A to them. So what are the 518 00:23:00,160 --> 00:23:03,200 Speaker 2: things that you have to change to in your own mind? 519 00:23:03,440 --> 00:23:04,119 Speaker 2: Get to that A? 520 00:23:04,240 --> 00:23:04,600 Speaker 3: Plus? 521 00:23:04,640 --> 00:23:05,800 Speaker 2: What does that look like? 522 00:23:06,680 --> 00:23:09,360 Speaker 3: Probably just really thinking do I really want to buy this? 523 00:23:09,440 --> 00:23:12,679 Speaker 3: Do I need this? But when you put it like that, 524 00:23:12,800 --> 00:23:13,720 Speaker 3: does like I could. 525 00:23:13,520 --> 00:23:16,680 Speaker 2: Be an a You're like, oh yeah, actually nah, yes. 526 00:23:16,840 --> 00:23:18,679 Speaker 3: But you know what you did remind me of two things. 527 00:23:19,040 --> 00:23:21,520 Speaker 3: Since I put the submission in, i'd have invested another 528 00:23:21,600 --> 00:23:24,919 Speaker 3: thousand dollars and I have three thousand, three hundred and super. 529 00:23:24,880 --> 00:23:27,520 Speaker 2: I am very proud of you. I cannot believe it. 530 00:23:27,640 --> 00:23:29,560 Speaker 2: And I keep being like you're just a baby, because 531 00:23:29,560 --> 00:23:31,280 Speaker 2: at the moment, you would not feel that way. You'd 532 00:23:31,320 --> 00:23:33,440 Speaker 2: just be like, I'm an adult, victoria, like sit down. 533 00:23:33,800 --> 00:23:36,399 Speaker 2: But I look back at myself at eighteen, and I go, 534 00:23:36,520 --> 00:23:39,080 Speaker 2: holy moly, she was so young, like in the most 535 00:23:39,080 --> 00:23:41,680 Speaker 2: beautiful way, like not in a your naive you don't 536 00:23:41,720 --> 00:23:43,960 Speaker 2: know what's coming away, but more in like a you're 537 00:23:44,000 --> 00:23:46,720 Speaker 2: so young, you're so optimistic, you have so much life 538 00:23:46,720 --> 00:23:48,639 Speaker 2: ahead of you, like, and the fact that you're in 539 00:23:48,640 --> 00:23:51,480 Speaker 2: this position just means everything in adulthood is going to 540 00:23:51,520 --> 00:23:54,639 Speaker 2: be turbocharged. I'm obsessed, but I look at it and 541 00:23:54,680 --> 00:23:56,560 Speaker 2: I go, I'm so proud of who you are but 542 00:23:56,640 --> 00:23:59,240 Speaker 2: who you're becoming. And I know our community is just 543 00:23:59,320 --> 00:24:01,520 Speaker 2: going to listen to this and be like, what a queen. 544 00:24:01,880 --> 00:24:04,840 Speaker 2: We love her, Like, give me three or four years, 545 00:24:04,880 --> 00:24:07,320 Speaker 2: please come back. We need to do an updated money diary, 546 00:24:07,359 --> 00:24:10,000 Speaker 2: which is something I've been looking at because we all 547 00:24:10,040 --> 00:24:12,320 Speaker 2: want to check in, like you're active in the community. 548 00:24:12,359 --> 00:24:15,679 Speaker 2: We obviously let you be anonymous on the show so 549 00:24:15,720 --> 00:24:18,680 Speaker 2: we can get real pervy. But thank you for this. 550 00:24:18,960 --> 00:24:21,919 Speaker 2: I have adored talking to you, and I just know 551 00:24:22,040 --> 00:24:23,600 Speaker 2: that our community is going to listen to this and 552 00:24:23,640 --> 00:24:25,479 Speaker 2: be like, what a queen get it? 553 00:24:25,840 --> 00:24:27,760 Speaker 3: Ah, thank you so much for Troy. I love being 554 00:24:27,800 --> 00:24:28,359 Speaker 3: on the show. 555 00:24:28,720 --> 00:24:31,080 Speaker 2: Oh my gosh, no, thank you so much. It has 556 00:24:31,160 --> 00:24:32,560 Speaker 2: been an absolute pleasure. 557 00:24:38,880 --> 00:24:41,439 Speaker 4: The advice shared on She's on the Money is general 558 00:24:41,480 --> 00:24:45,359 Speaker 4: in nature and does not consider your individual circumstances. She's 559 00:24:45,400 --> 00:24:48,800 Speaker 4: on the Money exists purely for educational purposes and should 560 00:24:48,880 --> 00:24:52,040 Speaker 4: not be relied upon to make an investment or financial decision. 561 00:24:52,440 --> 00:24:55,040 Speaker 2: If you do choose to buy a financial product, read. 562 00:24:54,920 --> 00:24:59,040 Speaker 4: The PDS TMD and obtain appropriate financial advice tailored towards 563 00:24:59,080 --> 00:25:02,360 Speaker 4: your needs. Victoria Divine and Sheese on the Money are 564 00:25:02,400 --> 00:25:05,760 Speaker 4: authorized representatives of Money sherper P T y L t 565 00:25:05,920 --> 00:25:08,680 Speaker 4: D A b N three two one six four nine 566 00:25:08,800 --> 00:25:11,760 Speaker 4: two seven seven zero eight a F s L four 567 00:25:11,840 --> 00:25:15,439 Speaker 4: five one two eight nine