Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impactful tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money. Hello, and
Speaker 3: welcome to She's the Money, the podcast for millennials who
Speaker 3: want financial freedom. Welcome back to another one of our
Speaker 3: Money Diarius episodes where I get the absolute privilege of
Speaker 3: talking to one of our beautiful She's on the Money
Speaker 3: community members all about their journey. Let's jump straight into it,
Speaker 3: because this week I got a message and it went
Speaker 3: like this, Hi Ve. I grew up in a single
Speaker 3: parent household with a mum who always put our education first.
Speaker 3: I'm now eighteen years old and I've saved.
Speaker 2: Twenty thousand dollars and I've invested six three hundred dollars.
Speaker 3: I'm a university student, work as a school learning support officer,
Speaker 3: and own a tutoring business partnership with my sisters. I'd
Speaker 3: love to share my journey with the Shees on the
Speaker 3: money community. Ah, money Diarist, you're eighteen, twenty thousand dollars
Speaker 3: in savings, just got.
Speaker 2: Like a killer little business on the side. Welcome to
Speaker 2: the show.
Speaker 4: Thank you for having me.
Speaker 2: Are you very joking?
Speaker 4: This is so cool? No, it's my life. I can't
Speaker 4: believe it.
Speaker 3: Yeah, this is very cool. I'm very proud of you already.
Speaker 3: I cannot wait to learn more about you. So let's
Speaker 3: just dive straight in. The first question I always ask
Speaker 3: our diarist is money Diarist, can you let me know,
Speaker 3: on a scale of A through to F what you
Speaker 3: think your money habits would be?
Speaker 5: Right now, I would thank myself for bee because I
Speaker 5: do feel like for my age, I've done a really
Speaker 5: good job. I do feel like I have really good
Speaker 5: habits and good cash flow. But I do think these
Speaker 5: areas of improvement.
Speaker 2: All right, I kind of believe you.
Speaker 3: But also, you're eighteen and have twenty thousand dollars in
Speaker 3: savings and I'm like, okay, like a bee's probably not enough.
Speaker 2: But let's get into it.
Speaker 3: My favorite question of all time to ask not just
Speaker 3: money diarists, but literally anyone. Let's go money diarist. Can
Speaker 3: you tell me more about your money story?
Speaker 5: So, as I mentioned, I grew up in a single
Speaker 5: parent household. My parents flew when I was ten months old,
Speaker 5: and although my dad did pay child support, it's still
Speaker 5: not much. We did have to live quite frugally and
Speaker 5: we definitely live within our means. Yeah, my mum, she
Speaker 5: was very good at managing money. It was always her
Speaker 5: priority to pay off the mortgage, and as mentioned, she
Speaker 5: really put our education first. We always had money for
Speaker 5: school excursions or for camp or for tutoring.
Speaker 2: As I love her.
Speaker 4: I got into the lady years of high school.
Speaker 2: Yeah, I love her. What a little queen and she's like, nah,
Speaker 2: I don't need a man.
Speaker 4: Literally, but yeah, she's done an amazing job.
Speaker 5: And through that she really did show all of us
Speaker 5: amazing money habits, especially how important it is to have
Speaker 5: at your own job or your own money. I have
Speaker 5: two older sisters and they started getting a job and
Speaker 5: earning their own money when they were fourteen, and I
Speaker 5: was like, I want this, I won't have my own money.
Speaker 5: And then they started saving for a car and that
Speaker 5: was just my big goal in high school. So I say,
Speaker 5: fifteen thousand dollars for my first car.
Speaker 3: Wait, so you also own a car and you're eighteen,
Speaker 3: and on top of that, you have the twenty thousand
Speaker 3: dollars and then you're also an investor.
Speaker 5: Yes.
Speaker 2: Here I am.
Speaker 3: Thinking like, oh, I'm going to ask her, like, is
Speaker 3: she going to buy a car with like her first
Speaker 3: twenty thousand dollars?
Speaker 4: No?
Speaker 2: No, no, she doesn't need us guys.
Speaker 4: Yeah, so I did buy my car.
Speaker 5: But then at the end of high school, after I
Speaker 5: bought my car, I've only had a thousand dollars left.
Speaker 5: So I started off last year with a thousand dollars.
Speaker 3: So you've saved like nineteen thousand dollars in a year. Yes,
Speaker 3: all right, we're going to need to learn a lot
Speaker 3: from you, but yes, carry on, Okay.
Speaker 5: It's always been a big focus for me throughout high school.
Speaker 5: Somehow I stumbled across YouTube videos how to get rich
Speaker 5: to about investing, and I was like, what is this.
Speaker 5: I need to get into this, And then I found
Speaker 5: your podcast. I started reading different books, so yeah, that's
Speaker 5: how I really started investing as well.
Speaker 2: Welcome to the community. I love that you're here.
Speaker 4: Thank you.
Speaker 3: So you've got twenty thousand dollars, Like that's your money
Speaker 3: story so far, but like, where's it going?
Speaker 4: Okay?
Speaker 5: The plan is this June, I'm going to Europe and
Speaker 5: there goes a lot of that money, but.
Speaker 4: That's okay, that's what it was allocated.
Speaker 5: For, and traveling to me is a priority. I really
Speaker 5: want to make the most about why I can. And
Speaker 5: then I do have five thousand dollars in an emergency fund,
Speaker 5: so that won't.
Speaker 2: Be touched in addition to all of that.
Speaker 5: No, no, no, sorry, twelve thousand for travel, five thousand
Speaker 5: in an emergency.
Speaker 2: Great, how cool. I love that you've already like you're
Speaker 2: eighteen and you have an emergency fund. Are you joking?
Speaker 4: No? It was the first thing I did. I was like,
Speaker 4: VI said, I have to have one, fib I've got
Speaker 4: to get one.
Speaker 2: I love this so much. I'm obsessed.
Speaker 3: And I just love that you're eighteen and have a
Speaker 3: five thousand dollar emergency fund because that's something that so
Speaker 3: many people just don't have. And like I know, having
Speaker 3: spoken to the community, I've you know, just finished up
Speaker 3: my online course Your Best Year Yet, And you know,
Speaker 3: that was a really interactive course where I like got
Speaker 3: to talk to a lot of people about you know,
Speaker 3: what are you going to smash out this year? Like
Speaker 3: what are your goals that we actually have to achieve?
Speaker 3: And lots of people were talking about, you know, finally
Speaker 3: setting up their emergency funds, and I'm so proud of them,
Speaker 3: But this idea that you've done this at eighteen, there
Speaker 3: are going to be a lot of people listening being like,
Speaker 3: holy guacamole, Like what a little legend. But also it's
Speaker 3: just so inspirational knowing that once you were twenty five,
Speaker 3: once you're thirty five, once you're fifty, once you're sixty,
Speaker 3: like you're setting future you up for the best type
Speaker 3: of success and you're never going to be held back
Speaker 3: by money because you're just sitting in this nice little
Speaker 3: nest egg that you're building for yourself. And that's like
Speaker 3: literally so sexy, Like I just think it's the coolest
Speaker 3: thing ever.
Speaker 5: Oh it's honestly because of you. I've learned so much
Speaker 5: from you.
Speaker 3: You are way too kind, all right, tell me more.
Speaker 3: I want to know more about your work. What do
Speaker 3: you do for work and how much money do you earn?
Speaker 5: I work as a school learning support officer, so I
Speaker 5: am contracted three days a week by pick up casual
Speaker 5: days when I can. So last year I earned twenty
Speaker 5: thousand dollars after tax.
Speaker 3: Wait, you earned twenty thousand dollars after tax. But earlier
Speaker 3: in the show we learned that you saved nineteen thousand
Speaker 3: dollars last year.
Speaker 4: Well, then we'll get to my business. I saw hustle.
Speaker 3: I was about to say, who is a little queen
Speaker 3: when it comes to saving?
Speaker 4: No?
Speaker 5: So then I also have my tutoring business that I
Speaker 5: have with my sisters, and I earned the same so
Speaker 5: twenty thousand dollars. I don't pay pay as you go tax,
Speaker 5: so I will have to pay some tax at tax time.
Speaker 3: Yeah, and what does that actually look like day to day?
Speaker 3: And how did you start this tutoring business?
Speaker 4: We were just sitting at the dinner table one night
Speaker 4: and there's.
Speaker 5: So many people on Facebook that will say does anyone
Speaker 5: know a tutor?
Speaker 4: And my mum just said, why don't you girls start something?
Speaker 5: So a few months later we got our ABN and
Speaker 5: then on Facebook we just started replying to people saying, oh,
Speaker 5: we have a tutoring business.
Speaker 4: We'd love to cheotor you. So I actually started this.
Speaker 5: When I was fifteen with them just a baby. It's
Speaker 5: crazy because at the time I didn't feel young, Like
Speaker 5: I look back like fifteen is very young. I didn't
Speaker 5: feel like that. And then now we have a tutor
Speaker 5: who works for.
Speaker 4: Us as well.
Speaker 2: Oh how cool.
Speaker 4: Yes, it is amazing. We just have a big Google drive.
Speaker 5: We've been doing it for four years now, so we
Speaker 5: just have a lot of resources, a lot of worksheet
Speaker 5: booklet so just over time we built it up as well.
Speaker 2: How cool.
Speaker 3: And you guys just tutor in the subject areas that
Speaker 3: you kind of excell in or like what does that
Speaker 3: look like?
Speaker 2: How did you go? All right?
Speaker 3: You know, I'm a pretty smart girl. I'm willing to
Speaker 3: teach others, especially so young. Was that a very big Oh?
Speaker 3: Actually no, I'm really good at this.
Speaker 5: So we were like, oh, so I actually always had
Speaker 5: tutored primary school kids. When I was in high school,
Speaker 5: I tewed Eddy two D six and then I did
Speaker 5: very well in my final school exams, so I started
Speaker 5: tutoring high school students as well. So I tutor year
Speaker 5: seven to twelve English and maths. And really, for example,
Speaker 5: although I focus on English and maths, if one of
Speaker 5: my students needs help, for example, on a woodwork assignment,
Speaker 5: and it's like a theory of that, we'll just do that.
Speaker 3: Yeah, of course, because it's not necessarily about you know,
Speaker 3: being a genius at that topic, but rather helping somebody
Speaker 3: learn their course work.
Speaker 1: Right.
Speaker 4: Absolutely.
Speaker 3: I did a bit of tutoring when I was at UNI,
Speaker 3: and I loved it. I just always thought it was
Speaker 3: really fun.
Speaker 5: Yeah, And a big misconception is I would say that
Speaker 5: it's not about doing the work for them, it's guiding
Speaker 5: them and equipping them with the skills to do the work.
Speaker 3: Yeah, Adore, what's going to happen to the business? Obviously,
Speaker 3: you're only eighteen, you're planning on traveling, and I'm assuming
Speaker 3: you're studying. Yes, what's going to happen to the business
Speaker 3: in the future.
Speaker 5: Well, right now, I do work one day to first day,
Speaker 5: every afternoon tutoring, and then when I travel, two weeks
Speaker 5: is over school holidays, two weeks is during school term,
Speaker 5: so I just let them know that I can't tuator
Speaker 5: those two weeks. But the plan is when I finish
Speaker 5: my degree to continue tutoring. But if I do feel
Speaker 5: like it's too much, or you know, I don't have
Speaker 5: a good work life balance, I can always reduce the
Speaker 5: amount of students I tutor.
Speaker 3: Yeah, so tell me that was a grand assumption. I
Speaker 3: was like, she's pretty smart, she's got a tutoring business.
Speaker 3: I think she's probably studying still herself.
Speaker 2: What are you studying? What do you want to be
Speaker 2: when you grow up?
Speaker 5: I'm studying to be primary school teacher.
Speaker 2: Of course, you are perfect fit.
Speaker 5: Yes, and that's why I work in school as well,
Speaker 5: because it just goes so well.
Speaker 2: And then I want to be a primary school teacher.
Speaker 3: We're going to keep this tutoring business on the side
Speaker 3: with your employees in it or I hope.
Speaker 4: So I love this, Thank you.
Speaker 5: Hopefully one day I could be some sort of executive
Speaker 5: in school, do you know, curriculum advice or being an ap.
Speaker 2: Oh, you're going to be the principal. It's all good.
Speaker 2: You're going to run this town. I love it.
Speaker 3: Tell me, now, what are your big money goals? What
Speaker 3: are you currently working towards.
Speaker 5: My big money goal is to continue investing. I would
Speaker 5: love to have maybe twenty thousand dollars invested by the
Speaker 5: time I graduate YEAP and while I'm in UNI continuing
Speaker 5: to save to travel. In about eighteen months, I'm going
Speaker 5: to be able to actually casually teach, so that means
Speaker 5: I get more money, which means I could probably start
Speaker 5: saving for an investment property.
Speaker 2: Ah, investment property. Yeah, you've already got your eyes on
Speaker 2: the price.
Speaker 5: Yes, I do live in Sydney, so it does feel
Speaker 5: unattainable to probably buy in Sydney, so I would buy
Speaker 5: out of state, but just something maybe with a smaller
Speaker 5: mortgage I could afford.
Speaker 2: One hundred percent.
Speaker 3: And you've probably listened to a heap of money dies
Speaker 3: where you know that's possible. Like I think when you're
Speaker 3: young and you don't have access to content like we
Speaker 3: create on cheese on the money, you make automatic assumptions.
Speaker 3: You're like, well, I live in Sydney and Sydney's really expensive,
Speaker 3: therefore I can't afford property. And it's like, well, actually
Speaker 3: we just need to be a little bit creative. We
Speaker 3: actually just need to look a little bit further. Is
Speaker 3: that something that you'd always know and you're like, look,
Speaker 3: I'm probably going to buy property, but I'll have to
Speaker 3: buy it out of state or is that a newer
Speaker 3: type of I guess goal that you're like, actually, this
Speaker 3: might be possible for me.
Speaker 5: Initially, I just thought I'd just purchased a fairly home
Speaker 5: that i'd live in. And then I heard about rent vesting,
Speaker 5: where you buy elsewhere but you rent sort of in
Speaker 5: the suburb you want to live, and I think that
Speaker 5: is a bit more attainable than buy like a one
Speaker 5: point something million dollar house in Sydney.
Speaker 4: Yeah, so it's definitely has changed.
Speaker 3: It's a little bit more approachable, and I think, you know,
Speaker 3: in twenty twenty four, we need to be remembering that
Speaker 3: it's not the same as the eighties or the nineties,
Speaker 3: Like you can no longer just go and buy your
Speaker 3: first home and move straight in. Property nowadays is a
Speaker 3: lot about kind of stepping stones and going from I
Speaker 3: bought an investment property, you know, give that a couple
Speaker 3: of years, get some equity, because we just don't have
Speaker 3: the capacity in twenty twenty four to purchase properties without
Speaker 3: more leverage, because I feel like so many times people
Speaker 3: just assume their salary is going to be enough, and
Speaker 3: it's like, well it could be if you're saving for
Speaker 3: twenty years for that deposit. But we actually need to
Speaker 3: be a little bit more creative because inflation is not
Speaker 3: what it used to be and it makes me cry.
Speaker 3: But there's still a plan and that's okay.
Speaker 4: Absolutely.
Speaker 2: I want to ask a little bit more about this travel.
Speaker 3: Right, So you haven't traveled extensively yet because you're just
Speaker 3: a baby.
Speaker 2: How have you started to budget for.
Speaker 3: Travel so obviously having not done it yet, where are
Speaker 3: you researching?
Speaker 2: What are you doing?
Speaker 3: Like in our community, there are so many questions about
Speaker 3: how do I you know, look up flights or this
Speaker 3: all that?
Speaker 4: You know?
Speaker 2: What's it going to cost me?
Speaker 3: You said Europe? Europe can be really expensive? My friend
Speaker 3: tell me, because I feel like you're going to be
Speaker 3: structured in this.
Speaker 4: Yes.
Speaker 5: So actually during COVID, during our long lockdown, I was like, oh,
Speaker 5: I want to do travel. So I planned out a
Speaker 5: whole year of this imaginary trip.
Speaker 2: No you didn't, Yes, I did.
Speaker 4: And it's so.
Speaker 5: Sad to look back on because surprises were so cheap.
Speaker 5: You could get a hostel of like thirty dollars a night. Yeah,
Speaker 5: so budgeting for this trip my sister does live in
Speaker 5: London are very nice. So my Mum and I we
Speaker 5: are going, and then we actually thought in our heads
Speaker 5: maybe one hundred two hundred dollars a night per person,
Speaker 5: but then looking at accommodation, unfortunately it's just more than that,
Speaker 5: just due to the time of the year, so budgeting
Speaker 5: for that, it was just flights the accommodation, and we
Speaker 5: just saw how much we could probably spend every day,
Speaker 5: and it looks like it could be about twelve grand.
Speaker 3: Yeah, Elite, I love that you've got it planned. And
Speaker 3: the other thing that I love is that you have
Speaker 3: an emergency fund going over there, so even if you
Speaker 3: do get into a pickle, you're going to be okay.
Speaker 4: Yeah, and we also have to budget for travel insurance.
Speaker 2: Very very nice.
Speaker 3: I was about to ask you about investment, but I'm
Speaker 3: going to save that for after the break. So let's
Speaker 3: go to a really quick break. And on the flip side,
Speaker 3: I want to know your investing plan, because you did
Speaker 3: say you want to invest twenty thousand dollars by the
Speaker 3: time you've graduated. I think I graduated with debts, so
Speaker 3: I'm excited to hear about this. So guys, don't go anywhere,
Speaker 3: all right, money diarist, We are back and earlier, you
Speaker 3: said I want to invest twenty thousand dollars by the
Speaker 3: time I graduate, And next question I had written down
Speaker 3: was I want to know about your investment plans, So
Speaker 3: tell us how.
Speaker 2: Are you going to do that? What does that look like?
Speaker 2: And have you got a plan?
Speaker 5: So last year I used the snowballs strategy, just doing one.
Speaker 4: Saving scot at a time, yep. But this year I'm
Speaker 4: going to do a little bit differently.
Speaker 5: I don't know what it's called, but you just put
Speaker 5: money aside every single pay So that's what I'll do.
Speaker 5: And I just put as much as I can every
Speaker 5: pay aside for investing, and then every time it reaches
Speaker 5: five hundred or one thousand, I'll invest. I really like ETF.
Speaker 5: Currently I'm in ASX two hundred, but there's two, Like
Speaker 5: there's one stock that's like seven thousand dollars per stock,
Speaker 5: but there's another ASEX one that is like sixty something
Speaker 5: per stock, so I'm in the smaller one, and then
Speaker 5: I'm in an agricultural ETF. So I will just continue
Speaker 5: being in any ETF.
Speaker 3: So tell me about how you came up with splitting
Speaker 3: your investment that you currently have between the ASX top
Speaker 3: two hundred and an agricultural ETF. Like, where did that
Speaker 3: thought pattern come from? Like, yeah, tell me more.
Speaker 5: I really knew it was important to have diversified stocks.
Speaker 4: So although the top two.
Speaker 5: Hundred stocks or he has diversity, I wanted something different
Speaker 5: as well, which has worked out well because at times
Speaker 5: the ASEX one has dropped, the agriculture one has gone up,
Speaker 5: and vice versa.
Speaker 3: Isn't it fun to watch when you start to learn, No,
Speaker 3: it's not fun. I think it's fun because you kind
Speaker 3: of feel valid in the choice that you make.
Speaker 2: Right, so you've obviously diversified, and.
Speaker 3: You're like, ah, I see why, Like I did that,
Speaker 3: and I feel good when you know.
Speaker 2: It's obviously not a good feeling when your ETF is down.
Speaker 2: No one likes that. Don't get me wrong.
Speaker 3: Oh I'm meant to be like really good at money,
Speaker 3: but I still look at my portfolio and if it's down,
Speaker 3: I'm like ill, David like no, Ill, Like I don't
Speaker 3: like it either. But it's nice to see your whole
Speaker 3: portfolio and go, oh, that is down, but all that
Speaker 3: one's doing well and all balances out. That's why we
Speaker 3: do diversification.
Speaker 4: Absolutely.
Speaker 3: How do you learn about diversification at eighteen though, like sis,
Speaker 3: I don't get it. Like at eighteen, if you'd said diversification,
Speaker 3: I'd be like who, I didn't even know how to
Speaker 3: spell that.
Speaker 5: It was honestly through your book, especially even when you
Speaker 5: talked about investing the same amount at different times, Like
Speaker 5: just through your book.
Speaker 3: She's dolo cost averaging, she's investing, and guys, she still
Speaker 3: thinks she's b So we're gonna have a fight at
Speaker 3: the end.
Speaker 2: But that's all right. I love a little bit of
Speaker 2: a morning argument. I want to know, I know the
Speaker 2: answer to this. Put us on the list of questions,
Speaker 2: my love, Do you have any debt? If so, what
Speaker 2: is it?
Speaker 5: Yes, I have about four thousand dollars in my hex step.
Speaker 4: That's not an exact amount, just a guess, but yeah,
Speaker 4: about four thousand dollars.
Speaker 3: And how much do you think that's going to go
Speaker 3: up by for the study that you're doing.
Speaker 5: I think by the time I graduated to be about
Speaker 5: sixteen to twenty grand.
Speaker 3: And do you have a plan for that or is
Speaker 3: that something that you're going to let tick along? Have
Speaker 3: you thought about it?
Speaker 5: I'm just gonna let it tick along because historically it
Speaker 5: hasn't indexed a lot, so I just think I could
Speaker 5: actually make more money investing it somewhere else.
Speaker 2: Yah, smart cookie.
Speaker 3: When you say it hasn't indexed a lot, but last
Speaker 3: year it indexed at seven point one percent, how are
Speaker 3: you coming to that conclusion? Are you going oh over
Speaker 3: the long term? And how did you learn to think
Speaker 3: like that? Because like nobody thinks like that. Everyone freaks
Speaker 3: out that it was seven point one percent last year.
Speaker 5: I think last year a lot of things in the
Speaker 5: moning world were very different. For example, stocks went down,
Speaker 5: the index went up. I just think perhaps it could
Speaker 5: be one or two year off. Maybe it won't be
Speaker 5: like that every year.
Speaker 3: All Right, she's a genius, guys, give it what three
Speaker 3: or four years, and I'll be out of a job.
Speaker 3: At She's on the money and this money diarist will
Speaker 3: be in. So I'm just going to make what I
Speaker 3: can for the next few years. Before you take over
Speaker 3: my world, I want to know you probably have a
Speaker 3: million of them.
Speaker 2: What are your best money habits?
Speaker 4: My best money habit is when I get paid.
Speaker 5: I have a purpose for every single dollar. Everywhere has
Speaker 5: a place to be, yes, Queen, and I do get
Speaker 5: paid a regular announts because if I pick up casual
Speaker 5: work or maybe one week, five of my tutoring students
Speaker 5: are sick. I just have a system that really works
Speaker 5: for that.
Speaker 3: Yeah, okay, And how did you learn to cash flow?
Speaker 3: Is this something that you've always done? Did your mom
Speaker 3: teach you?
Speaker 4: Like?
Speaker 2: What does this look like?
Speaker 5: I actually have heard my own and pop always say
Speaker 5: say first, then spend. I actually don't really know where
Speaker 5: I learned. I think I just looked at what are
Speaker 5: my main goals? How much would I need to save
Speaker 5: every week to get there? And then it just had
Speaker 5: a domino face.
Speaker 2: Any other good money habits you'd like to share with.
Speaker 5: Us, I'm very good at delayed gratification. For example, there
Speaker 5: were shoes I looked at for two years before I
Speaker 5: purchase them two years.
Speaker 2: Yes, they even keep them in stock after two years.
Speaker 5: Yes they do, but they actually went up a little bit.
Speaker 5: I'm like, I should actually just brought them to start with.
Speaker 2: What shoes are these? Because like we need to know,
Speaker 2: I'm a shree girley.
Speaker 5: Okay, they were Nike Jordans.
Speaker 2: That's a thing.
Speaker 3: At the moment, I can't get into it because I
Speaker 3: am an elder millennial. You see like, I'm just not
Speaker 3: cool enough, and if I put them on, you guys
Speaker 3: would be like, Victoria Devine, take those off right now?
Speaker 2: You are not cool? But I get it.
Speaker 3: I have a nephew who is obsessed with air Jordans.
Speaker 3: Are you now a collector?
Speaker 4: No?
Speaker 5: I have two pairs and I don't really wear them
Speaker 5: that much now. I actually prefer sandals, which is a complete.
Speaker 2: Opposite, but it still sparks joy.
Speaker 3: So we're gonna leave it in the positive money habits
Speaker 3: section exactly right now.
Speaker 2: Tell me about your worst money habits. What do you
Speaker 2: think they?
Speaker 5: I would actually say I have a lot of guilt
Speaker 5: around spending money because I just think money spent is
Speaker 5: money that's not saved.
Speaker 2: Why where's this coming from.
Speaker 4: I think I.
Speaker 5: Did grow up quite frugally and really we just have
Speaker 5: what we needed. So showed me that I don't need
Speaker 5: to have a lot of things.
Speaker 3: That's absolutely fair. I want to know a little bit
Speaker 3: more around this mindset thing. Everyone's listening and they're just like,
Speaker 3: holy guacamole, this girl has her head screwed on.
Speaker 2: Right. You're eighteen.
Speaker 3: You grew up in a single parent household, which is
Speaker 3: honestly so inspirational, like single moms do not get the
Speaker 3: credit that they deserve. And the fact that you're like
Speaker 3: mum put out education first, Like you've obviously got siblings,
Speaker 3: so your mum wasn't even just one kid, there were
Speaker 3: three of you. Is that right?
Speaker 4: Yes, there is.
Speaker 3: This queen has taught you how to save, how to like,
Speaker 3: you know, get on the right track. She empowered you
Speaker 3: to start your business at fifteen, Like I want this
Speaker 3: queen on the show, like I want to literally and
Speaker 3: maybe if you guys are listening, not just money darrest,
Speaker 3: if your mum wants to come on the show and
Speaker 3: she now has adult kids that are in the she's
Speaker 3: on the money community, we want to hear from them.
Speaker 3: I want to hear that money story because I know
Speaker 3: it's not easy, Like I know it's just going to
Speaker 3: be juicy, and there's going to be stuff behind it
Speaker 3: where she thought she wasn't doing a good job, but
Speaker 3: she was because she was doing the best.
Speaker 2: For her kids the entire time.
Speaker 3: Anyway, side note, the last thing I want to talk
Speaker 3: to you about is your bee, you said at the
Speaker 3: start of this episode, and like now you've probably heard
Speaker 3: yourself when we've talked about this. I don't think many
Speaker 3: people are going to go, oh, this money darist is
Speaker 3: definitely a bee. She's obviously killing it and she's just
Speaker 3: a baby. Oh think you tell me what it would
Speaker 3: take to get you to an A plus, Like, what
Speaker 3: does that actually look like?
Speaker 5: I think the biggest thing it would take is really
Speaker 5: thinking before I Apple paid so easy to just tap.
Speaker 5: I think that's the biggest thing, really thinking.
Speaker 4: Do I feel like this eight dollar coffee?
Speaker 2: Yes?
Speaker 4: I do.
Speaker 5: I know I always like the eight dollar coffee.
Speaker 3: It's a slippery slope, isn't it. But like, at the
Speaker 3: end of the day, the show is about values, but
Speaker 3: your coffee, I promise, is not putting you in a
Speaker 3: position where you're a b So you're gonna have to
Speaker 3: justify it further.
Speaker 2: I'm really sorry, what makes you a b?
Speaker 1: Ah?
Speaker 4: I'm on the spot now. I don't even know what
Speaker 4: to say.
Speaker 2: One hundred percent.
Speaker 3: You can't come on this show be like, Hey, by
Speaker 3: the way, I'm actually a legend. I'm eighteen, I've you know,
Speaker 3: saved twenty grand I've invested sixy three hundred.
Speaker 2: I have this really great plan to go to Europe
Speaker 2: in July.
Speaker 3: I'm gonna have like the best time my mom and
Speaker 3: I are going.
Speaker 2: I've done all my budget.
Speaker 3: By the way, when it comes to investing, I'm really
Speaker 3: well diversified, and I fully comprehend that.
Speaker 2: Also fully understand my hex And here's why I'm not
Speaker 2: paying it off.
Speaker 3: Like you are saying things that people in their fifties
Speaker 3: are still like, Oh, I haven't wrapped my head around
Speaker 3: that concept yet. And that's fine because we're all on
Speaker 3: our different journeys, right, But like, there are gonna be
Speaker 3: some people who are like this girl's got a few
Speaker 3: rocks in her head. If she thinks she's a bee,
Speaker 3: you're definitely an A to them. So what are the
Speaker 3: things that you have to change to in your own mind?
Speaker 2: Get to that A?
Speaker 4: Plus?
Speaker 2: What does that look like?
Speaker 5: Probably just really thinking do I really want to buy this?
Speaker 4: Do I need this? But when you put it like that,
Speaker 4: does like I could be an a.
Speaker 2: You're like, oh yeah, actually nah, yes.
Speaker 5: But you know what you did remind me of two things.
Speaker 5: Since I put the submission in, i'd have invested another
Speaker 5: thousand dollars and I have three thousand, three hundred and super.
Speaker 2: I am very proud of you. I cannot believe it.
Speaker 3: And I keep being like you're just a baby, because
Speaker 3: at the moment, you would not feel that way.
Speaker 2: You'd just be like, I'm an adult, victoria, like sit down.
Speaker 3: But I look back at myself at eighteen, and I go,
Speaker 3: holy moly, she was so young, like in the most
Speaker 3: beautiful way, like not in a your naive you don't
Speaker 3: know what's coming away, but more in like a you're
Speaker 3: so young, you're so optimistic, you have so much life
Speaker 3: ahead of you, like, and the fact that you're in
Speaker 3: this position just means everything in adulthood is going to
Speaker 3: be turbocharged. I'm obsessed, but I look at it and
Speaker 3: I go, I'm so proud of who you are but
Speaker 3: who you're becoming. And I know our community is just
Speaker 3: going to listen to this.
Speaker 2: And be like, what a queen. We love her, Like,
Speaker 2: give me three or four years, please come back.
Speaker 3: We need to do an updated money diary, which is
Speaker 3: something I've been looking at because we all want to
Speaker 3: check in, like.
Speaker 2: You're active in the community.
Speaker 3: We obviously let you be anonymous on the show so
Speaker 3: we can get real pervy.
Speaker 2: But thank you for this.
Speaker 3: I have adored talking to you, and I just know
Speaker 3: that our community is going to listen to this and
Speaker 3: be like, what a queen get it?
Speaker 4: Ah, thank you so much for Troy. I love being
Speaker 4: on the show.
Speaker 3: Oh my gosh, no, thank you so much. It has
Speaker 3: been an absolute pleasure.
Speaker 6: The advice shared on She's on the Money is general
Speaker 6: in nature and does not consider your individual circumstances. She's
Speaker 6: on the Money exists purely for educational purposes and should
Speaker 6: not be relied upon to make an investment or financial decision.
Speaker 2: If you do choose to buy a financial product, read.
Speaker 6: The PDS TMD and obtain appropriate financial advice tailored towards
Speaker 6: your needs. Victoria Divine and Sheese on the Money are
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