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 impact for 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 --> 00:01:00,360 Speaker 2: the Money. Hello, and welcome to She's on the Money 12 00:01:00,440 --> 00:01:04,399 Speaker 2: the podcast and millennials who want financial freedom. Welcome back 13 00:01:04,440 --> 00:01:06,640 Speaker 2: to another one of our money diaries where we get 14 00:01:06,640 --> 00:01:08,720 Speaker 2: to talk to one of our incredible She's on the 15 00:01:08,720 --> 00:01:12,639 Speaker 2: Money community members all about their journey. Let's jump straight 16 00:01:12,680 --> 00:01:15,040 Speaker 2: into it, because this week I got a message and 17 00:01:15,080 --> 00:01:19,040 Speaker 2: it went like this, Dear Victoria, I became a single 18 00:01:19,120 --> 00:01:22,120 Speaker 2: mom six months ago after finally getting the courage to 19 00:01:22,200 --> 00:01:25,520 Speaker 2: leave my ex. He was financially abusive and draining my 20 00:01:25,600 --> 00:01:28,280 Speaker 2: money for the six years we were together, but now 21 00:01:28,280 --> 00:01:32,800 Speaker 2: I'm recovering and flourishing. I finally feel like myself again 22 00:01:32,920 --> 00:01:36,160 Speaker 2: and have savings, investments, and I'm even putting money away 23 00:01:36,200 --> 00:01:38,399 Speaker 2: from my daughters who are one and two years old, 24 00:01:38,440 --> 00:01:40,760 Speaker 2: to help them with their studies when they finish school. 25 00:01:41,040 --> 00:01:43,720 Speaker 2: She's on the Money really helped me on this journey. 26 00:01:44,240 --> 00:01:49,160 Speaker 2: Money Diarist, what a queen. Thank you, Welcome to the show. 27 00:01:49,240 --> 00:01:51,800 Speaker 2: I'm so excited to talk to you and get to 28 00:01:51,840 --> 00:01:54,360 Speaker 2: know you a little bit better, as I'm sure all 29 00:01:54,400 --> 00:01:57,480 Speaker 2: our listeners are as well. Do you want to jump 30 00:01:57,520 --> 00:01:58,400 Speaker 2: straight into it? 31 00:01:58,560 --> 00:02:00,680 Speaker 3: That sounds good and I'm so i stoked to be 32 00:02:00,760 --> 00:02:04,320 Speaker 3: here because finding Cheese on the Money has absolutely changed 33 00:02:04,360 --> 00:02:06,000 Speaker 3: the trajectory of my life. 34 00:02:06,080 --> 00:02:06,680 Speaker 2: Oh my god. 35 00:02:06,840 --> 00:02:09,520 Speaker 3: So it's just so surreal that, like I'm talking to you. 36 00:02:09,760 --> 00:02:12,280 Speaker 2: I love it. I'm so excited about it, all right, 37 00:02:12,320 --> 00:02:15,320 Speaker 2: So let's jump in. My first question is I want 38 00:02:15,320 --> 00:02:17,800 Speaker 2: to know what would you give your money habits if 39 00:02:17,800 --> 00:02:19,760 Speaker 2: I asked you to give yourself a grade from A 40 00:02:20,040 --> 00:02:20,680 Speaker 2: through to F. 41 00:02:21,160 --> 00:02:27,080 Speaker 3: I think probably B minus, maybe B plus, because I 42 00:02:27,120 --> 00:02:31,840 Speaker 3: think I'm doing pretty well given my circumstances right now, 43 00:02:32,240 --> 00:02:34,760 Speaker 3: but I think there's always room to improve and to grow. 44 00:02:35,160 --> 00:02:37,800 Speaker 2: Love love, all right, I want to know can you 45 00:02:37,840 --> 00:02:40,960 Speaker 2: tell us a little bit more about your money story. Yeah. 46 00:02:41,240 --> 00:02:45,880 Speaker 3: So I got married when I was twenty three, and 47 00:02:45,960 --> 00:02:49,480 Speaker 3: at that stage I already owned my own home. I 48 00:02:49,520 --> 00:02:54,880 Speaker 3: had a little bit of savings, and my husband at 49 00:02:54,919 --> 00:03:00,760 Speaker 3: the time had no savings, no career as a student 50 00:03:01,320 --> 00:03:05,000 Speaker 3: living in college accommodation. So I paid for our wedding 51 00:03:05,160 --> 00:03:10,000 Speaker 3: honeymoon first car I moved to Sydney to you know, 52 00:03:10,040 --> 00:03:14,239 Speaker 3: support him in his studies. I was working two jobs 53 00:03:14,240 --> 00:03:17,400 Speaker 3: at times to support our lifestyle, and he had, you know, 54 00:03:17,440 --> 00:03:20,600 Speaker 3: a few hours a week at McDonald's, so pretty much 55 00:03:20,639 --> 00:03:25,040 Speaker 3: I was just pouring all my money and savings into 56 00:03:25,080 --> 00:03:28,880 Speaker 3: my marriage. In retrospect, moving to Sydney was the worst idea. 57 00:03:28,960 --> 00:03:32,480 Speaker 3: It is so incredibly expensive. I still had my mortgage 58 00:03:32,520 --> 00:03:36,160 Speaker 3: back home as well, playing you know, outrageous Sydney rent. 59 00:03:36,880 --> 00:03:39,480 Speaker 3: And that kind of continued for the next few years. 60 00:03:39,560 --> 00:03:42,000 Speaker 3: I realized, you know, growing up in the church, like 61 00:03:42,040 --> 00:03:45,040 Speaker 3: we've never lived together before we got married, we never 62 00:03:45,080 --> 00:03:47,800 Speaker 3: really talked about finances, and in the first few months 63 00:03:47,800 --> 00:03:50,360 Speaker 3: of our marriage, I realized, oh my goodness, we spend 64 00:03:50,400 --> 00:03:53,920 Speaker 3: money very, very differently. It wasn't something we'd really discussed before. 65 00:03:54,520 --> 00:03:57,240 Speaker 3: So not only had I just poured all my money 66 00:03:57,560 --> 00:04:01,080 Speaker 3: into the wedding and New Sydney life, but I was 67 00:04:01,120 --> 00:04:05,680 Speaker 3: still sort of funding his lifestyle. Yeah. Wow, So that 68 00:04:05,720 --> 00:04:09,000 Speaker 3: had to change pretty quickly. And yeah, that just continued 69 00:04:09,320 --> 00:04:13,040 Speaker 3: for the next few years. We moved back home eventually 70 00:04:13,080 --> 00:04:14,640 Speaker 3: it was a bit more affordable and we wanted to 71 00:04:14,640 --> 00:04:17,600 Speaker 3: start a family. He was still studying at this point 72 00:04:17,640 --> 00:04:22,159 Speaker 3: and I was working full time. So over seven years, 73 00:04:22,200 --> 00:04:25,160 Speaker 3: things never really changed. He was always studying. I was 74 00:04:25,200 --> 00:04:29,600 Speaker 3: always the main breadwinner in our relationship, and so then 75 00:04:29,600 --> 00:04:31,839 Speaker 3: when I started my maternity leave, it was just really 76 00:04:31,920 --> 00:04:34,000 Speaker 3: challenging because all of a sudden, you know, I wasn't 77 00:04:34,080 --> 00:04:37,520 Speaker 3: making the same as before, and we had to rely 78 00:04:37,640 --> 00:04:41,160 Speaker 3: more on his income. And then just after I had 79 00:04:41,200 --> 00:04:44,680 Speaker 3: my second I think I realized just how toxic and 80 00:04:44,760 --> 00:04:47,760 Speaker 3: that the marriage should become. I think it was probably 81 00:04:47,760 --> 00:04:49,520 Speaker 3: always there, but I was a bit you know, rogues 82 00:04:49,680 --> 00:04:54,400 Speaker 3: colored glasses in love, and I just realized how drained 83 00:04:54,520 --> 00:04:58,000 Speaker 3: and exhausted I was, and I realized, Okay, I need 84 00:04:58,040 --> 00:05:01,479 Speaker 3: to make a very serious decision right now. And it 85 00:05:01,520 --> 00:05:04,560 Speaker 3: took me a few months. I really thought about it 86 00:05:04,680 --> 00:05:07,400 Speaker 3: from all angles. Am I making the right decision for me, 87 00:05:07,440 --> 00:05:10,080 Speaker 3: am I making the right decision for the girls. And 88 00:05:10,120 --> 00:05:12,240 Speaker 3: the biggest thing that held me back for so long 89 00:05:12,400 --> 00:05:15,760 Speaker 3: was finances because I was still even though it had 90 00:05:15,839 --> 00:05:18,440 Speaker 3: mostly been the main breadwinner, I was still on maternity leave, 91 00:05:18,560 --> 00:05:21,120 Speaker 3: so I did have my full pay and I was 92 00:05:21,240 --> 00:05:24,520 Speaker 3: so so worried about how I'm like in a couple 93 00:05:24,520 --> 00:05:27,480 Speaker 3: of the mortgage and pay for the girls. And I thought, 94 00:05:27,520 --> 00:05:30,599 Speaker 3: you know what, like my mental health can't suffer any longer, 95 00:05:30,680 --> 00:05:34,080 Speaker 3: Like I just have to do it and make it work. 96 00:05:34,480 --> 00:05:38,320 Speaker 3: And so I did, and I am, oh. 97 00:05:38,680 --> 00:05:40,880 Speaker 2: I'm so glad, are you? I love that, and I 98 00:05:40,920 --> 00:05:43,880 Speaker 2: love that you can say I'm thriving like that is 99 00:05:44,040 --> 00:05:46,200 Speaker 2: the best thing to hear ever, because you can hear 100 00:05:46,240 --> 00:05:48,560 Speaker 2: the energy and where that's coming from as well. It's 101 00:05:48,600 --> 00:05:51,200 Speaker 2: not just oh yeah, I'm doing well, like you're just 102 00:05:51,400 --> 00:05:53,920 Speaker 2: so excited to be in the position you're in, and 103 00:05:54,160 --> 00:05:56,280 Speaker 2: it makes me so happy, thank you. 104 00:05:57,240 --> 00:05:59,479 Speaker 3: It was. There was probably a few months where it 105 00:05:59,520 --> 00:06:02,279 Speaker 3: was really tricky and I just had to find my feet. 106 00:06:02,720 --> 00:06:06,080 Speaker 3: But now, yeah, as I said, I'm thriving. I don't 107 00:06:06,080 --> 00:06:08,880 Speaker 3: think I realized just how much of my money he 108 00:06:08,920 --> 00:06:11,440 Speaker 3: was draining. And when I was so worried about, you know, 109 00:06:11,520 --> 00:06:15,440 Speaker 3: doing it by myself, Like it's actually been easier because 110 00:06:15,480 --> 00:06:17,520 Speaker 3: I just have to worry about me and the girls. 111 00:06:17,560 --> 00:06:22,240 Speaker 2: I'm not funding somebody else's lifestyle exactly. Oh my gosh, 112 00:06:22,320 --> 00:06:24,880 Speaker 2: when you said before just because I'm really pervy that 113 00:06:25,080 --> 00:06:29,080 Speaker 2: your husband at the time was studying throughout your entire marriage, 114 00:06:29,440 --> 00:06:31,960 Speaker 2: was it always towards the same thing or was it 115 00:06:32,160 --> 00:06:35,800 Speaker 2: only because I've heard this historically that people sometimes bounce 116 00:06:35,839 --> 00:06:38,040 Speaker 2: around because they don't want to go into a full 117 00:06:38,040 --> 00:06:41,359 Speaker 2: time job if they have a financially dependent person or 118 00:06:41,400 --> 00:06:44,240 Speaker 2: someone that they can be financially dependent upon, so they 119 00:06:44,320 --> 00:06:46,159 Speaker 2: keep going, Nah, the lifestyle is good, maybe I'll just 120 00:06:46,200 --> 00:06:49,200 Speaker 2: do another degree, or maybe I'll just you know, change degrees. 121 00:06:49,240 --> 00:06:51,159 Speaker 2: And they don't have a lot of clarity. So I 122 00:06:51,200 --> 00:06:54,440 Speaker 2: guess I'm asking not because I'm just pervy, but because 123 00:06:54,440 --> 00:06:57,520 Speaker 2: that seems to be a strategy, if that makes sense. 124 00:06:57,800 --> 00:07:00,360 Speaker 3: It is so interesting you said that because seeing a 125 00:07:00,440 --> 00:07:03,640 Speaker 3: therapists just to work through, you know, all this marriage 126 00:07:03,640 --> 00:07:05,320 Speaker 3: and unpack a lot of the things that went down. 127 00:07:05,480 --> 00:07:08,320 Speaker 3: And she said, you know, he is a textbook narcissist. 128 00:07:08,480 --> 00:07:10,720 Speaker 3: And she said, you know, like, I'm really not surprised 129 00:07:10,760 --> 00:07:13,680 Speaker 3: that he's kind of just coasted through his study journey. 130 00:07:13,680 --> 00:07:16,960 Speaker 3: She said, like, that is a very typical narcissistic behavior 131 00:07:17,240 --> 00:07:20,320 Speaker 3: you're finding him. He has no real motivation to finish, 132 00:07:20,440 --> 00:07:24,000 Speaker 3: to change what he's doing, And that absolutely rings true. 133 00:07:24,120 --> 00:07:27,360 Speaker 3: The first three and a half years he was studying 134 00:07:27,600 --> 00:07:31,600 Speaker 3: at Hillsong, and then when we got back home, he 135 00:07:31,720 --> 00:07:33,720 Speaker 3: decided he wanted to do teaching. 136 00:07:33,880 --> 00:07:37,720 Speaker 2: Wait, he was studying at Hillsong as in the church, Hillsong. 137 00:07:37,600 --> 00:07:39,920 Speaker 3: Yes, at the church. They've got a college that's attached 138 00:07:39,920 --> 00:07:41,160 Speaker 3: to the church. Yeah. 139 00:07:41,160 --> 00:07:41,400 Speaker 2: Cool. 140 00:07:41,560 --> 00:07:43,520 Speaker 3: And then he switched to teaching when we got home. 141 00:07:43,920 --> 00:07:45,680 Speaker 2: Then he studied teaching them. What did he do? 142 00:07:45,880 --> 00:07:48,400 Speaker 3: Are he's still studying teaching? He's still studying, I think 143 00:07:48,560 --> 00:07:52,440 Speaker 3: almost halfway along. Like it's just yeah, it was you know, 144 00:07:52,840 --> 00:07:56,000 Speaker 3: I'll just do one subject a semester. But oh, it's 145 00:07:56,040 --> 00:07:58,960 Speaker 3: so funny, like when we split up. You know, he's 146 00:07:59,000 --> 00:08:01,360 Speaker 3: never done a summer some during his life, and he 147 00:08:01,400 --> 00:08:03,200 Speaker 3: said to me, I'm doing you know, a couple of 148 00:08:03,200 --> 00:08:05,559 Speaker 3: summer subjects this semester because I really need to finish 149 00:08:05,640 --> 00:08:07,160 Speaker 3: so that I can have a full time job. 150 00:08:07,280 --> 00:08:09,200 Speaker 2: You're like, wow, where's that motivation coming? 151 00:08:09,200 --> 00:08:12,160 Speaker 3: From I know, why couldn't you have had that motivation 152 00:08:12,480 --> 00:08:13,160 Speaker 3: years ago? 153 00:08:13,400 --> 00:08:16,000 Speaker 2: It's because he's being forced to have the motivation because 154 00:08:16,000 --> 00:08:19,800 Speaker 2: he's no longer got you to financially rely on exactly. 155 00:08:20,000 --> 00:08:22,680 Speaker 2: Oh my gosh, all right, I want to know, obviously 156 00:08:22,720 --> 00:08:25,560 Speaker 2: you've managed to fund somebody else's life for this entire period. 157 00:08:25,600 --> 00:08:27,320 Speaker 2: What do you do for work? How much money do 158 00:08:27,360 --> 00:08:27,760 Speaker 2: you earn? 159 00:08:27,880 --> 00:08:30,920 Speaker 3: So I'm a primary school teacher. I actually had to 160 00:08:30,920 --> 00:08:33,520 Speaker 3: look this up because I wasn't sure what I I've 161 00:08:33,720 --> 00:08:37,319 Speaker 3: just finished my maternityly two weeks ago, so I haven't 162 00:08:37,400 --> 00:08:40,439 Speaker 3: quite jumped back into work yet because school's only just started. 163 00:08:40,960 --> 00:08:45,560 Speaker 3: But in my position, it's ninety four thousand dollars gross. 164 00:08:45,800 --> 00:08:47,720 Speaker 2: Yeah, that's good, that's epic. 165 00:08:48,000 --> 00:08:50,400 Speaker 3: So I'm not going back to my full time work. 166 00:08:50,400 --> 00:08:52,880 Speaker 3: I've decided I'm just going to do some relief work. 167 00:08:53,200 --> 00:08:56,360 Speaker 3: And relief in Queensland. I think it's about four hundred 168 00:08:56,360 --> 00:08:57,320 Speaker 3: and forty dollars a day. 169 00:08:57,480 --> 00:09:01,200 Speaker 2: That's actually pretty good. That's more than I anticipated it 170 00:09:01,200 --> 00:09:04,400 Speaker 2: to be. But how consistent is relief work. 171 00:09:04,280 --> 00:09:06,720 Speaker 3: At the moment, I would say very There's definitely a 172 00:09:06,760 --> 00:09:09,880 Speaker 3: teacher shortage in Queensland, so I was even getting calls 173 00:09:09,880 --> 00:09:11,199 Speaker 3: on my maternity leave like. 174 00:09:11,160 --> 00:09:13,760 Speaker 2: Hey, can you come in, and you were like, no, 175 00:09:13,960 --> 00:09:18,480 Speaker 2: I'm literally on maternity leave. Sorry, that's not too bad. 176 00:09:18,520 --> 00:09:20,640 Speaker 2: And if you can do relief work for four hundred 177 00:09:20,679 --> 00:09:23,600 Speaker 2: and forty dollars a day, that's not bad at all. 178 00:09:23,880 --> 00:09:26,520 Speaker 2: Does that mean that you have to travel significantly though, 179 00:09:26,559 --> 00:09:27,800 Speaker 2: to different locations. 180 00:09:28,040 --> 00:09:30,360 Speaker 3: No, I'm in a great position where we are. I've 181 00:09:30,360 --> 00:09:34,200 Speaker 3: got so many schools within walking distance, and then you know, 182 00:09:34,320 --> 00:09:36,200 Speaker 3: the school's five to ten minute drive. I'm in a 183 00:09:36,240 --> 00:09:39,839 Speaker 3: really good placed location wise. I think the furtherest I 184 00:09:39,840 --> 00:09:42,480 Speaker 3: would have to drive if I was desperate, would maybe 185 00:09:42,559 --> 00:09:43,400 Speaker 3: be twenty minutes. 186 00:09:43,600 --> 00:09:46,280 Speaker 2: Live in the teaching dream, my friends teaching dream, I 187 00:09:46,320 --> 00:09:48,600 Speaker 2: love that I was doing a little bit of relief 188 00:09:48,640 --> 00:09:52,080 Speaker 2: between having my two girls, and I. 189 00:09:52,080 --> 00:09:54,920 Speaker 3: Was walking distance to my school most days, because, as 190 00:09:54,920 --> 00:09:57,120 Speaker 3: I said, there's just such a demand for relief teachers 191 00:09:57,120 --> 00:09:57,679 Speaker 3: at the moment. 192 00:09:57,840 --> 00:10:00,680 Speaker 2: Yeah, especially because I feel like people are actually putting 193 00:10:00,720 --> 00:10:03,360 Speaker 2: their health first as well, so instead of just going 194 00:10:03,400 --> 00:10:05,960 Speaker 2: to work not that well, they are more likely to 195 00:10:06,000 --> 00:10:08,360 Speaker 2: take the day off, which I think is really really important. 196 00:10:08,520 --> 00:10:10,640 Speaker 2: And I'm glad they are resources like you to kind 197 00:10:10,679 --> 00:10:15,440 Speaker 2: of fill in what happens with childcare. So you've obviously 198 00:10:15,520 --> 00:10:17,640 Speaker 2: got a one and a two year old. What happens 199 00:10:17,679 --> 00:10:21,520 Speaker 2: if you get a relief job and it's obviously last minute, 200 00:10:21,520 --> 00:10:24,080 Speaker 2: because that's usually how they work, What do you do 201 00:10:24,160 --> 00:10:26,600 Speaker 2: about childcare only? Because I know that can be quite 202 00:10:26,679 --> 00:10:28,040 Speaker 2: an expensive ordeal. 203 00:10:28,400 --> 00:10:32,880 Speaker 3: Yeah, definitely. I tell schools that my availability is and 204 00:10:32,920 --> 00:10:36,480 Speaker 3: I give them the two days a week that I 205 00:10:36,520 --> 00:10:39,880 Speaker 3: know that I can organize childcare, so Fridays. My eldest 206 00:10:39,880 --> 00:10:43,800 Speaker 3: has just started pre kindy, so Friday's obviously, and my 207 00:10:43,960 --> 00:10:45,199 Speaker 3: mom has just retired. 208 00:10:45,400 --> 00:10:46,360 Speaker 2: Oh money win. 209 00:10:46,840 --> 00:10:49,439 Speaker 3: I know. It's so great she has the girls when 210 00:10:49,480 --> 00:10:51,319 Speaker 3: I go to work. But I've limited it to two 211 00:10:51,440 --> 00:10:53,400 Speaker 3: days a week and Mum and I have a pre 212 00:10:53,559 --> 00:10:56,840 Speaker 3: arranged day so that it's not a huge surprise for 213 00:10:56,920 --> 00:10:59,560 Speaker 3: her either. Oh how good she doesn't have to change 214 00:10:59,559 --> 00:11:02,160 Speaker 3: all the plan for her day. And oh she loves it. 215 00:11:02,200 --> 00:11:05,040 Speaker 3: So when I told her I was pregnant, like I 216 00:11:05,040 --> 00:11:07,600 Speaker 3: was four weeks pregnant, she was like, I have to retire. 217 00:11:07,920 --> 00:11:10,760 Speaker 3: Oh my god, I'm down, like I'm four weeks Like 218 00:11:11,040 --> 00:11:14,160 Speaker 3: she is so excited to be a grandma, like she 219 00:11:14,160 --> 00:11:16,160 Speaker 3: she offered. It was never like hey mom, I need 220 00:11:16,200 --> 00:11:17,040 Speaker 3: you to take the girls. 221 00:11:17,160 --> 00:11:19,240 Speaker 2: She's just like, give me your children. I love them. 222 00:11:19,760 --> 00:11:21,760 Speaker 3: Yeah. So even when I, you know, have been on 223 00:11:21,840 --> 00:11:24,240 Speaker 3: maternity leave again, she's like, you know, I'm still having 224 00:11:24,240 --> 00:11:25,280 Speaker 3: the girls one day a week. 225 00:11:27,600 --> 00:11:29,520 Speaker 2: Everyone deserves a mom like that. 226 00:11:29,520 --> 00:11:33,120 Speaker 3: That is literal invest I'm very very very lucky. 227 00:11:33,400 --> 00:11:36,079 Speaker 2: Talk to me about your money goals. So you said 228 00:11:36,120 --> 00:11:38,839 Speaker 2: before that you now have savings investments and you're putting 229 00:11:38,840 --> 00:11:41,199 Speaker 2: money away for your daughters to help them with their 230 00:11:41,240 --> 00:11:43,640 Speaker 2: studies when they finish school. But I want to know 231 00:11:43,720 --> 00:11:46,000 Speaker 2: what is your biggest money goal. What are you currently 232 00:11:46,040 --> 00:11:46,880 Speaker 2: working towards. 233 00:11:47,200 --> 00:11:49,960 Speaker 3: Oh, my biggest money goal at the moment is probably 234 00:11:50,000 --> 00:11:52,560 Speaker 3: just setting up for my girls when they're older. And 235 00:11:52,600 --> 00:11:55,400 Speaker 3: I know this is so far away and it's just 236 00:11:55,440 --> 00:11:56,440 Speaker 3: going to go so quickly. 237 00:11:56,559 --> 00:11:58,440 Speaker 2: But the sooner you start, the less you have to 238 00:11:58,480 --> 00:12:01,040 Speaker 2: invest on a regular base exactly, and the more at compounds. 239 00:12:01,040 --> 00:12:02,920 Speaker 2: Like it's just smart business, my friend. 240 00:12:03,160 --> 00:12:05,880 Speaker 3: Definitely, That's what I think as well. So when I 241 00:12:05,960 --> 00:12:10,360 Speaker 3: finished high school, I think I was quite unimaginative when 242 00:12:10,360 --> 00:12:13,600 Speaker 3: picking a Korea. We have a little university here, and 243 00:12:13,679 --> 00:12:17,200 Speaker 3: I knew I could study teaching. I didn't have to move, 244 00:12:17,280 --> 00:12:19,720 Speaker 3: I wouldn't have to you know, find accommodation in a 245 00:12:19,720 --> 00:12:22,480 Speaker 3: bigger city to study somewhere else, and so I just 246 00:12:22,520 --> 00:12:26,440 Speaker 3: sort of fell into teaching, and looking back, I think 247 00:12:26,520 --> 00:12:29,720 Speaker 3: like I wish I'd had the courage to move somewhere 248 00:12:29,760 --> 00:12:32,880 Speaker 3: and you know, try something like I'd love to, you know, 249 00:12:32,920 --> 00:12:36,000 Speaker 3: maybe marine conservation or just something a bit more creative 250 00:12:36,559 --> 00:12:40,520 Speaker 3: than teaching. And so I thought, okay, well, how do 251 00:12:40,600 --> 00:12:42,760 Speaker 3: I stop that happening for my girls? And I think 252 00:12:42,760 --> 00:12:45,200 Speaker 3: a big thing is financially, if they have the money 253 00:12:45,920 --> 00:12:49,199 Speaker 3: to live out their dreams, hopefully there's going to be 254 00:12:49,280 --> 00:12:51,360 Speaker 3: nothing else holding them back if they want to move 255 00:12:51,440 --> 00:12:54,400 Speaker 3: to Europe and study over there, if they want to 256 00:12:54,600 --> 00:12:57,480 Speaker 3: go anywhere else in Australia or anywhere in the world. 257 00:12:57,600 --> 00:13:00,240 Speaker 3: Just making sure that they can achieve that tream. They 258 00:13:00,240 --> 00:13:03,559 Speaker 3: don't have to wait for years saving to start university 259 00:13:04,040 --> 00:13:07,079 Speaker 3: and they can be a bit more creative I guess 260 00:13:07,120 --> 00:13:10,240 Speaker 3: than myself. So that's really my drive behind that, and 261 00:13:10,280 --> 00:13:12,679 Speaker 3: it's something you know, I'm so passionate about education. 262 00:13:12,920 --> 00:13:13,480 Speaker 2: I love that. 263 00:13:13,720 --> 00:13:15,440 Speaker 3: So I've just started putting I think it's at the 264 00:13:15,440 --> 00:13:17,960 Speaker 3: moment I'm doing like fifteen dollars a week for them. 265 00:13:18,920 --> 00:13:21,559 Speaker 3: At the moment it's just going into a savings account 266 00:13:21,600 --> 00:13:24,960 Speaker 3: because I haven't quite decided how I want to invest that, 267 00:13:25,120 --> 00:13:28,680 Speaker 3: and I think something maybe like bonds or a blue 268 00:13:28,760 --> 00:13:30,720 Speaker 3: chip share that's a little bit. 269 00:13:30,559 --> 00:13:32,240 Speaker 2: More, a little bit more conservative. 270 00:13:32,280 --> 00:13:36,160 Speaker 3: I'm hearing conservative, yeah, but like, I don't want to 271 00:13:36,240 --> 00:13:38,240 Speaker 3: rush into that, so I'm just taking my time to 272 00:13:38,920 --> 00:13:41,440 Speaker 3: explore what options are out there that could work really 273 00:13:41,480 --> 00:13:43,080 Speaker 3: well for the girls. 274 00:13:43,280 --> 00:13:45,959 Speaker 2: I am obsessed with that idea of setting your kids up, 275 00:13:46,400 --> 00:13:49,640 Speaker 2: doing it young, organizing it when they're really little, so 276 00:13:49,679 --> 00:13:52,520 Speaker 2: that it doesn't have to be significant, like I think 277 00:13:52,559 --> 00:13:54,199 Speaker 2: a lot of people assume it has to be a 278 00:13:54,240 --> 00:13:56,400 Speaker 2: lot of money. And the other day I made this 279 00:13:56,559 --> 00:13:59,120 Speaker 2: example on TikTok actually, and it was like, if you 280 00:13:59,120 --> 00:14:01,160 Speaker 2: put one hundred and fifty dollars a month away for 281 00:14:01,559 --> 00:14:03,520 Speaker 2: X amount of years for your kids, this is what 282 00:14:03,600 --> 00:14:06,400 Speaker 2: it would create. And so many people jumped down my 283 00:14:06,480 --> 00:14:07,880 Speaker 2: neck and we're like, well, not all of us have 284 00:14:07,920 --> 00:14:09,720 Speaker 2: one hundred and fifty dollars, And I was like, it's 285 00:14:09,800 --> 00:14:12,320 Speaker 2: just an example, Like it's just an example that I've 286 00:14:12,320 --> 00:14:14,760 Speaker 2: pulled out of nowhere to show you the power of 287 00:14:14,840 --> 00:14:18,120 Speaker 2: compounding interest. And the same thing happens for fifteen dollars 288 00:14:18,200 --> 00:14:21,840 Speaker 2: a week. It obviously doesn't happen on exactly the same scale, 289 00:14:22,280 --> 00:14:24,640 Speaker 2: but it happens, and compound interest is going to be 290 00:14:24,720 --> 00:14:26,520 Speaker 2: your best friend of the long term. But the one 291 00:14:26,560 --> 00:14:29,840 Speaker 2: thing that I think people forget is that income scales. 292 00:14:30,280 --> 00:14:33,160 Speaker 2: So right now, you've just gotten out of a relationship, 293 00:14:33,240 --> 00:14:36,280 Speaker 2: you're a single mum finding your feet again. While you're thriving, 294 00:14:36,560 --> 00:14:38,920 Speaker 2: I'm assuming that you are throwing everything you can at 295 00:14:38,960 --> 00:14:41,720 Speaker 2: your financial life, but that doesn't mean that in a 296 00:14:41,720 --> 00:14:43,600 Speaker 2: couple of years it won't be twenty dollars a week. 297 00:14:43,680 --> 00:14:45,760 Speaker 2: It won't be twenty five dollars a week, And these 298 00:14:45,800 --> 00:14:48,480 Speaker 2: things can change and grow, and the same can happen 299 00:14:48,480 --> 00:14:50,960 Speaker 2: in the opposite direction. Maybe you can afford one hundred 300 00:14:50,960 --> 00:14:53,320 Speaker 2: and fifty dollars a week at the moment, but maybe 301 00:14:53,320 --> 00:14:56,320 Speaker 2: in a couple of years that's just uncomprehensible and that's 302 00:14:56,400 --> 00:14:58,560 Speaker 2: not an option. So I think it's about making the 303 00:14:58,600 --> 00:15:00,480 Speaker 2: most with what you have, and it's sounds like you 304 00:15:00,520 --> 00:15:03,320 Speaker 2: are absolutely doing that, and it makes me so happy. 305 00:15:04,480 --> 00:15:06,920 Speaker 2: All right, let's hold the horses right there, and we're 306 00:15:06,920 --> 00:15:09,160 Speaker 2: going to go to a really quick break and I'll 307 00:15:09,160 --> 00:15:16,400 Speaker 2: see you on the other side. All right, money dires, 308 00:15:16,480 --> 00:15:19,760 Speaker 2: let's dive straight back in. So in your ladder you 309 00:15:19,800 --> 00:15:22,320 Speaker 2: said I have investments, talk to me about them. What 310 00:15:22,400 --> 00:15:24,400 Speaker 2: investments do you have? Yes? 311 00:15:24,920 --> 00:15:28,440 Speaker 3: So I discovered Concept when it first came out. 312 00:15:28,560 --> 00:15:31,640 Speaker 2: Do you mean Concept Pocket? Yes, yes, that's Concept. I 313 00:15:31,640 --> 00:15:33,520 Speaker 2: was like when Concept came out, I was like, baby, 314 00:15:33,520 --> 00:15:34,320 Speaker 2: you weren't born. 315 00:15:35,560 --> 00:15:39,040 Speaker 3: Concept Pocket of aged really well. 316 00:15:38,760 --> 00:15:40,560 Speaker 2: You are stunning for your age. 317 00:15:41,320 --> 00:15:45,520 Speaker 3: Oh thank you. I just came across the sustainability shares 318 00:15:45,720 --> 00:15:47,960 Speaker 3: and I was like, oh cool, that's something I'm really 319 00:15:48,000 --> 00:15:52,200 Speaker 3: interested in, something I value and I absolutely think that 320 00:15:52,200 --> 00:15:55,440 Speaker 3: that's our future. So I just put like two three 321 00:15:55,520 --> 00:15:57,960 Speaker 3: hundred dollars in and I just sort of, you know, 322 00:15:58,120 --> 00:16:00,720 Speaker 3: forgot about it. And then at the already started my 323 00:16:00,880 --> 00:16:02,840 Speaker 3: maternal I can't know if I just had the baby 324 00:16:03,040 --> 00:16:05,920 Speaker 3: or I was just starting leave. My husband and I 325 00:16:05,960 --> 00:16:09,080 Speaker 3: went and saw a financial advisor, and I think at 326 00:16:09,080 --> 00:16:13,880 Speaker 3: this point in my life, I felt quite limited and 327 00:16:13,920 --> 00:16:16,040 Speaker 3: restricted by what I could do with my money, Like 328 00:16:16,080 --> 00:16:19,440 Speaker 3: I was on half pay with maternityly my husband was 329 00:16:19,480 --> 00:16:21,680 Speaker 3: still a student. But we thought, we'll go see a 330 00:16:21,720 --> 00:16:24,440 Speaker 3: financial advisor and see, you know, just if we're on 331 00:16:24,440 --> 00:16:26,720 Speaker 3: the right track. And he kind of said to us, 332 00:16:26,760 --> 00:16:29,040 Speaker 3: you know, you're doing as much as you can. Come 333 00:16:29,080 --> 00:16:31,720 Speaker 3: see me when you're both working full time. And I 334 00:16:31,760 --> 00:16:33,880 Speaker 3: think I just sort of thought, okay, well a financial 335 00:16:33,880 --> 00:16:36,760 Speaker 3: advisors pretty much confirmed what I felt already. I can't 336 00:16:36,760 --> 00:16:41,440 Speaker 3: be doing anything more with my money? Not true, I know. Well, oh, 337 00:16:41,520 --> 00:16:44,480 Speaker 3: literally like a month later, I was sitting in my 338 00:16:44,520 --> 00:16:46,960 Speaker 3: car thinking like, oh, I just I wish I knew 339 00:16:47,520 --> 00:16:49,520 Speaker 3: how to invest. I just feel like I could be 340 00:16:49,560 --> 00:16:51,640 Speaker 3: doing so much more with my money. Because if you 341 00:16:51,720 --> 00:16:53,840 Speaker 3: have that mindset that like, oh, I can't say if 342 00:16:53,880 --> 00:16:56,920 Speaker 3: I can't do anything, I think I was more more 343 00:16:56,920 --> 00:16:59,480 Speaker 3: willing to just throw money at different things like, oh, 344 00:16:59,560 --> 00:17:02,880 Speaker 3: you know, he is a fifteen dollar you know take out. 345 00:17:02,920 --> 00:17:06,199 Speaker 3: Here's ten dollars on some chocolate I probably don't need 346 00:17:06,240 --> 00:17:08,879 Speaker 3: to eat. Here's a fifty dollars dress, you know, just 347 00:17:08,920 --> 00:17:11,760 Speaker 3: spending money on things that don't really count. And yeah, 348 00:17:11,760 --> 00:17:13,639 Speaker 3: I was just sitting in my car thinking, ah, I 349 00:17:13,680 --> 00:17:16,560 Speaker 3: wish I like, I just wish I knew better how 350 00:17:16,560 --> 00:17:19,840 Speaker 3: to handle my money. And literally on the radio, I 351 00:17:19,880 --> 00:17:22,840 Speaker 3: heard an ad for She's on the Money. Oh huh, 352 00:17:22,880 --> 00:17:26,560 Speaker 3: that's literally exactly what I'm looking for right now. And 353 00:17:26,760 --> 00:17:31,040 Speaker 3: so I started listening to the podcast, and then I 354 00:17:31,119 --> 00:17:34,159 Speaker 3: found your book and that whole you know you're always 355 00:17:34,160 --> 00:17:36,400 Speaker 3: talking about, like, yes you can, you know, just having 356 00:17:36,400 --> 00:17:38,960 Speaker 3: that mindset of you can always be saving, or there's 357 00:17:39,000 --> 00:17:41,800 Speaker 3: that really great story of the two different couples you 358 00:17:41,840 --> 00:17:44,560 Speaker 3: worked with and how one of them, you know, I 359 00:17:44,600 --> 00:17:47,000 Speaker 3: felt like I really identified with them, like, oh, you know, 360 00:17:47,160 --> 00:17:50,600 Speaker 3: I could have financial freedom and a really great retirement. 361 00:17:51,040 --> 00:17:53,880 Speaker 3: So yeah, just finding Cheese on the Money really shifted 362 00:17:53,920 --> 00:17:58,680 Speaker 3: my perspective towards my money. And so something we've done 363 00:17:58,760 --> 00:18:01,280 Speaker 3: right from the start of our marriage have pocket money 364 00:18:01,320 --> 00:18:04,680 Speaker 3: each week because when I realized my husband was spending 365 00:18:04,800 --> 00:18:07,080 Speaker 3: far much more money than me, I said, right, we're 366 00:18:07,080 --> 00:18:09,320 Speaker 3: each going to get pocket money each week, and we 367 00:18:09,359 --> 00:18:12,639 Speaker 3: can spend our pocket money on anything without talking to 368 00:18:12,680 --> 00:18:14,880 Speaker 3: the other person if we need to buy a bigger purchase, 369 00:18:14,920 --> 00:18:17,840 Speaker 3: like that's the conversation that this pocket money you can 370 00:18:17,880 --> 00:18:19,840 Speaker 3: do anything with. And as I said, like with my 371 00:18:19,880 --> 00:18:21,960 Speaker 3: pocket money, it was just you know, take out here 372 00:18:22,119 --> 00:18:24,639 Speaker 3: or some clothes there. But then when I found Cheese 373 00:18:24,640 --> 00:18:27,520 Speaker 3: on the Money, I started investing my pocket money every week. 374 00:18:27,680 --> 00:18:29,920 Speaker 2: Oh I love this so much. 375 00:18:29,720 --> 00:18:32,560 Speaker 3: Forty dollars a week. But I thought, you know that's 376 00:18:32,600 --> 00:18:35,480 Speaker 3: going to compound, and the sooner I start putting that 377 00:18:35,520 --> 00:18:38,919 Speaker 3: money aside, the more it's going to be later. So 378 00:18:39,000 --> 00:18:42,919 Speaker 3: that was June. I think I started putting my pocket 379 00:18:42,920 --> 00:18:47,000 Speaker 3: money in and I've got about sixteen hundred dollars in 380 00:18:47,119 --> 00:18:48,040 Speaker 3: shares at the moment. 381 00:18:48,119 --> 00:18:51,119 Speaker 2: Oh my gosh. That makes me so happy that you 382 00:18:51,280 --> 00:18:53,600 Speaker 2: found us and that we get to hang out and 383 00:18:53,600 --> 00:18:55,640 Speaker 2: that you get to be in a better financial position, 384 00:18:55,720 --> 00:18:58,560 Speaker 2: but also that you know that just because one financial 385 00:18:58,640 --> 00:19:02,120 Speaker 2: advisor said no just comes when you've got a double income, 386 00:19:02,400 --> 00:19:05,520 Speaker 2: like no, that doesn't mean you can't achieve success. Like 387 00:19:05,560 --> 00:19:09,240 Speaker 2: it's crazy to me to think that some people just 388 00:19:09,600 --> 00:19:12,760 Speaker 2: take that as gospel and they don't go and ask 389 00:19:12,880 --> 00:19:14,840 Speaker 2: more questions. They go, all right, well, I guess that 390 00:19:14,880 --> 00:19:18,000 Speaker 2: we're screwed, like that's fine, and it's not fine, it's 391 00:19:18,040 --> 00:19:18,720 Speaker 2: not okay. 392 00:19:19,040 --> 00:19:21,639 Speaker 3: No, And I think like if I hadn't started putting 393 00:19:21,640 --> 00:19:25,040 Speaker 3: that money into shares, like that's sixteen hundred dollars that 394 00:19:25,119 --> 00:19:28,040 Speaker 3: I would have just spent, you know, mindlessly on things 395 00:19:28,080 --> 00:19:31,520 Speaker 3: that you know, just a're just so fleeting. Like as 396 00:19:31,520 --> 00:19:35,399 Speaker 3: I said, most of it was probably food and not 397 00:19:35,440 --> 00:19:38,280 Speaker 3: even like like like luxury food, like not just my 398 00:19:38,400 --> 00:19:41,399 Speaker 3: essential groceries, like yeah, out more than I should have, 399 00:19:41,960 --> 00:19:45,240 Speaker 3: and just having that mind shift as well from going 400 00:19:45,359 --> 00:19:48,040 Speaker 3: you know, oh, I'm so limited, I can't you know, 401 00:19:48,200 --> 00:19:50,920 Speaker 3: do what I want? Who I can't be saving to now? Well, actually, 402 00:19:50,960 --> 00:19:53,679 Speaker 3: you know what, look at what I've got, look at 403 00:19:53,720 --> 00:19:57,280 Speaker 3: what I can do. It's just so empowering just just 404 00:19:57,320 --> 00:20:01,480 Speaker 3: having that positive attitude, and yes, such a game changer. 405 00:20:01,600 --> 00:20:03,399 Speaker 2: I feel like attitude is one of those things that 406 00:20:03,440 --> 00:20:05,680 Speaker 2: you can control as well, and it's one of those 407 00:20:05,680 --> 00:20:08,800 Speaker 2: things that regardless of your circumstances, you can choose to 408 00:20:08,880 --> 00:20:12,040 Speaker 2: be more positive, if you can choose to do more research, 409 00:20:12,080 --> 00:20:14,600 Speaker 2: you can choose to put yourself in a better position. 410 00:20:15,080 --> 00:20:17,280 Speaker 2: And while I'm not saying that you know you can 411 00:20:17,760 --> 00:20:20,080 Speaker 2: save or budget your way out of poverty, you can't, 412 00:20:20,119 --> 00:20:22,320 Speaker 2: and that's not what we're saying here, but I do 413 00:20:22,400 --> 00:20:25,359 Speaker 2: think that a positive mindset, that you know you are 414 00:20:25,440 --> 00:20:27,439 Speaker 2: lucky and that you can do things and that you 415 00:20:27,480 --> 00:20:30,639 Speaker 2: can create financial freedom is going to mean that that 416 00:20:30,800 --> 00:20:32,919 Speaker 2: is going to come up more. I talk about a 417 00:20:32,960 --> 00:20:35,399 Speaker 2: lot on the podcast recently what is it the Yellow 418 00:20:35,480 --> 00:20:38,480 Speaker 2: Honda Jazz and how important it is to just be 419 00:20:38,560 --> 00:20:41,480 Speaker 2: always looking for something and if you are on the 420 00:20:41,520 --> 00:20:45,240 Speaker 2: lookout for something consistently, you'd be surprised about how often 421 00:20:45,280 --> 00:20:48,480 Speaker 2: it turns up. And like, no one ever thinks about 422 00:20:48,480 --> 00:20:51,520 Speaker 2: the yellow Honda Jazz as you know, a very common car. 423 00:20:51,600 --> 00:20:53,800 Speaker 2: But the second I say, well, start looking for them, 424 00:20:53,840 --> 00:20:55,960 Speaker 2: my friend, they do pop up. And the same thing 425 00:20:56,040 --> 00:20:59,520 Speaker 2: happens if you're looking for investment opportunities or opportunities to 426 00:20:59,560 --> 00:21:03,000 Speaker 2: increase wealth, or opportunities to just educate yourself more so 427 00:21:03,040 --> 00:21:05,120 Speaker 2: that in the future you can save more. I think 428 00:21:05,119 --> 00:21:08,000 Speaker 2: that that is really really important, and it sounds like 429 00:21:08,080 --> 00:21:10,200 Speaker 2: that's exactly what you're doing, and I'm obsessed. 430 00:21:10,640 --> 00:21:14,400 Speaker 3: Oh, it's so true, that Honda Jazz thing. So true. 431 00:21:14,720 --> 00:21:18,560 Speaker 3: And since listening to that podcast, like I've just really 432 00:21:18,600 --> 00:21:20,920 Speaker 3: tried to think, Okay, well, how can I like focus 433 00:21:20,960 --> 00:21:22,919 Speaker 3: on joy and look for the joy in my life 434 00:21:23,600 --> 00:21:25,720 Speaker 3: because obviously, you know I said at the start, I'm thriving, 435 00:21:25,760 --> 00:21:29,000 Speaker 3: but there's still definitely those really challenging days where it 436 00:21:29,080 --> 00:21:32,360 Speaker 3: kind of sinks in, oh my goodness, I'm a single mom. 437 00:21:32,520 --> 00:21:35,960 Speaker 3: What am I doing. Everything's too much, you know, I'm sinking, 438 00:21:36,000 --> 00:21:41,000 Speaker 3: I'm drowning. But then just giving myself that space to like, okay, well, 439 00:21:41,040 --> 00:21:43,480 Speaker 3: you know what, it hasn't even been twelve months. You're 440 00:21:43,520 --> 00:21:47,200 Speaker 3: focusing on the negatives, Like, let's shift the gear here, 441 00:21:47,400 --> 00:21:48,960 Speaker 3: focus on the positive. 442 00:21:48,560 --> 00:21:51,600 Speaker 2: Things and one hundred percent. And it honestly sounds like, 443 00:21:51,840 --> 00:21:54,160 Speaker 2: and this is probably a little bit snarky to say, 444 00:21:54,200 --> 00:21:56,320 Speaker 2: but we're going to say it anyway, doesn't sound like 445 00:21:56,359 --> 00:21:58,160 Speaker 2: you had a husband. It sounds like you had another 446 00:21:58,280 --> 00:22:01,720 Speaker 2: son that you were looking after funded a lifelop. So 447 00:22:01,840 --> 00:22:03,680 Speaker 2: like you've gone from being a single mum of three 448 00:22:03,760 --> 00:22:05,159 Speaker 2: to a single mum of two. And I think that 449 00:22:05,240 --> 00:22:08,600 Speaker 2: might be easier, so much easier. That's very much easier. 450 00:22:09,359 --> 00:22:11,640 Speaker 2: You've mentioned before that you had a mortgage. I want 451 00:22:11,680 --> 00:22:13,560 Speaker 2: to know do you have any debts? If so, what 452 00:22:13,720 --> 00:22:14,160 Speaker 2: are they? 453 00:22:14,480 --> 00:22:17,119 Speaker 3: Ye episode my mortgage. I've got two hundred and sixty 454 00:22:17,160 --> 00:22:19,440 Speaker 3: seven thousand left on that, and then I just have 455 00:22:19,600 --> 00:22:22,800 Speaker 3: my hex. I've got nineteen thousand in my hex. 456 00:22:23,080 --> 00:22:25,680 Speaker 2: Oh my gosh, what a queen. And tell me about 457 00:22:25,680 --> 00:22:27,720 Speaker 2: the property you own. So you've got two hundred and 458 00:22:27,720 --> 00:22:30,040 Speaker 2: sixty seven thousand dollars owing on it? What did you 459 00:22:30,080 --> 00:22:30,760 Speaker 2: purchase it for? 460 00:22:31,040 --> 00:22:35,040 Speaker 3: We borrowed three hundred and fifteen thousand when we bought it, 461 00:22:35,359 --> 00:22:38,199 Speaker 3: and so I actually bought it with my sister. We 462 00:22:38,480 --> 00:22:40,679 Speaker 3: got a split loan and we just took care of 463 00:22:40,680 --> 00:22:44,760 Speaker 3: our separate loans, and then at the start of the pandemic, 464 00:22:45,160 --> 00:22:47,680 Speaker 3: my husband and I bought my sister out of her half, 465 00:22:49,440 --> 00:22:53,160 Speaker 3: so she's not on the title anymore. And it's still 466 00:22:53,640 --> 00:22:55,240 Speaker 3: just a little bit up in the air with what's 467 00:22:55,280 --> 00:22:58,280 Speaker 3: happening with how I're splitting it with my husband and I. 468 00:22:58,359 --> 00:23:01,800 Speaker 3: Now I fixed at two percent. 469 00:23:02,280 --> 00:23:04,920 Speaker 2: You're a genius. You are straight out genius. 470 00:23:05,080 --> 00:23:07,560 Speaker 3: Best decision I will. But it just makes a little 471 00:23:07,600 --> 00:23:09,679 Speaker 3: bit tricky now because if we try and if I 472 00:23:09,720 --> 00:23:10,520 Speaker 3: buy him out. 473 00:23:10,440 --> 00:23:13,600 Speaker 2: Now refinance, you end up on a really high interest rate. 474 00:23:13,520 --> 00:23:16,960 Speaker 3: And I lose that two percent. He has actually been 475 00:23:17,119 --> 00:23:19,400 Speaker 3: really gracious with this, and he said, you know, look, 476 00:23:19,480 --> 00:23:22,240 Speaker 3: let's not rush it, because you know, having to go 477 00:23:22,400 --> 00:23:25,080 Speaker 3: from two percent interest of five at the moment is 478 00:23:25,119 --> 00:23:28,760 Speaker 3: going to be you know, obviously quite financial. So he said, 479 00:23:28,880 --> 00:23:32,600 Speaker 3: I'm happy to wait. So I think it's twenty twenty 480 00:23:32,600 --> 00:23:35,880 Speaker 3: four that that fixed term comes to an end, So yeah, 481 00:23:35,880 --> 00:23:38,560 Speaker 3: he said he's happy to wait until then, which is 482 00:23:38,600 --> 00:23:40,800 Speaker 3: really good. But I've taken over the full mortgage now, 483 00:23:40,840 --> 00:23:43,480 Speaker 3: so he was really only on the title for two years, 484 00:23:44,160 --> 00:23:44,800 Speaker 3: hoping that. 485 00:23:45,119 --> 00:23:48,440 Speaker 2: You know, all helps in my favor, and I'm sure 486 00:23:48,520 --> 00:23:51,440 Speaker 2: it will all work out, especially if you're being amicable. 487 00:23:51,640 --> 00:23:55,200 Speaker 2: But I have a sinking suspicion one of you contributed 488 00:23:55,240 --> 00:23:58,040 Speaker 2: a whole lot more financially to that house than the other. Hey, 489 00:24:00,640 --> 00:24:02,320 Speaker 2: that would be correct, That would be correct. 490 00:24:03,480 --> 00:24:05,639 Speaker 3: I got all our group certificates from the time we 491 00:24:05,640 --> 00:24:08,639 Speaker 3: were together, and I contributed seventy percent of our income 492 00:24:08,760 --> 00:24:11,960 Speaker 3: over the relationship. So I said, you know, I think 493 00:24:12,280 --> 00:24:14,320 Speaker 3: with our savings that we've got, like, I think I 494 00:24:14,359 --> 00:24:16,520 Speaker 3: should get seventy percent. And he's like, oh no, it's 495 00:24:16,560 --> 00:24:19,040 Speaker 3: going to be fifty to fifty. Why well, he hasn't 496 00:24:19,119 --> 00:24:23,840 Speaker 3: even contributed fifty percent. Well, because he needs to set 497 00:24:23,920 --> 00:24:27,480 Speaker 3: up his new life and find his future. And I said, well, 498 00:24:27,680 --> 00:24:29,480 Speaker 3: I'm not going to be the one doing that, thank 499 00:24:29,520 --> 00:24:30,160 Speaker 3: you very much. 500 00:24:30,480 --> 00:24:32,240 Speaker 2: Yeah, no, that is absolutely fair. 501 00:24:32,400 --> 00:24:34,120 Speaker 3: Done that for seven years. It's your turn. 502 00:24:34,320 --> 00:24:36,600 Speaker 2: You're like, I set up your entire life and mine 503 00:24:36,640 --> 00:24:39,040 Speaker 2: and our girls' lives. I think that maybe you could 504 00:24:39,040 --> 00:24:42,920 Speaker 2: be a little bit more independent, thank you, sir. Oh 505 00:24:43,000 --> 00:24:45,840 Speaker 2: I feel like that's such a stressful position to be in, 506 00:24:45,880 --> 00:24:49,760 Speaker 2: but it sounds like you're handling it relatively well and positively, 507 00:24:49,840 --> 00:24:53,160 Speaker 2: which is good. Talk to me next about your best 508 00:24:53,280 --> 00:24:55,760 Speaker 2: money habits. What do you think the best money habit 509 00:24:55,800 --> 00:24:56,480 Speaker 2: you have is. 510 00:24:57,080 --> 00:25:01,320 Speaker 3: I think I'm quite organized with my finance. I didn't 511 00:25:01,320 --> 00:25:05,600 Speaker 3: really grow up knowing how to budget. I was, you know, 512 00:25:05,640 --> 00:25:09,080 Speaker 3: living quite comfortably when I was single as a teacher. 513 00:25:09,600 --> 00:25:11,879 Speaker 3: I could pay for everything I needed to was sable 514 00:25:11,960 --> 00:25:14,760 Speaker 3: to say for a home, so I didn't really need 515 00:25:14,800 --> 00:25:18,440 Speaker 3: to budget. And then when I got married and moved 516 00:25:18,480 --> 00:25:21,480 Speaker 3: to Sydney, all of a sudden, money was very, very tight, 517 00:25:22,200 --> 00:25:24,560 Speaker 3: and I just had to figure out very quickly how 518 00:25:24,600 --> 00:25:27,840 Speaker 3: to make my money work. And I got all my 519 00:25:27,920 --> 00:25:30,639 Speaker 3: bank statements and I went through and highlighted the different 520 00:25:30,680 --> 00:25:32,840 Speaker 3: sections of like where my money was going to. So 521 00:25:32,880 --> 00:25:36,159 Speaker 3: I had liked my direct debits, my mortgage, rent, food, 522 00:25:36,640 --> 00:25:39,960 Speaker 3: non essentials, and it was all color coordinated. And then 523 00:25:39,960 --> 00:25:41,679 Speaker 3: I worked out, okay, how much do I pay in 524 00:25:41,720 --> 00:25:44,240 Speaker 3: all of these things over twelve months? And I think 525 00:25:44,240 --> 00:25:46,359 Speaker 3: I just went back over the last two three years. 526 00:25:47,200 --> 00:25:49,680 Speaker 3: And so I then set up different accounts for those 527 00:25:50,560 --> 00:25:53,440 Speaker 3: color coordinated areas, and I worked out, okay, so if 528 00:25:53,520 --> 00:25:57,320 Speaker 3: my you know, I had my regio rate, all my utilities. 529 00:25:57,359 --> 00:25:59,280 Speaker 3: They were all in one section. I said, Okay, I 530 00:25:59,359 --> 00:26:02,439 Speaker 3: pay in twelve months, So I need to be putting 531 00:26:02,560 --> 00:26:05,359 Speaker 3: this much aside every week so that I'm covered for 532 00:26:05,359 --> 00:26:07,880 Speaker 3: the whole year. And so that's something I've been doing 533 00:26:07,920 --> 00:26:14,320 Speaker 3: for the last maybe no five years, and like now 534 00:26:14,600 --> 00:26:17,680 Speaker 3: being a single mom, Like, my goodness, that is paid 535 00:26:17,720 --> 00:26:20,720 Speaker 3: off because I've got my entire year of KINDI saved 536 00:26:21,280 --> 00:26:23,560 Speaker 3: an entire year of swimming lessons are paid off. 537 00:26:23,720 --> 00:26:24,320 Speaker 2: How good? 538 00:26:24,480 --> 00:26:27,320 Speaker 3: I know, Like I need to put this much money 539 00:26:27,359 --> 00:26:31,040 Speaker 3: aside for all of my bills and utilities, and then 540 00:26:31,520 --> 00:26:33,640 Speaker 3: like I don't even have to think about it when 541 00:26:33,680 --> 00:26:35,639 Speaker 3: the time comes around because I know I've put that 542 00:26:35,720 --> 00:26:39,119 Speaker 3: money aside. So yeah, I think I'm quite organized, Like 543 00:26:39,160 --> 00:26:41,960 Speaker 3: I know exactly where all my money's going. I've got 544 00:26:42,280 --> 00:26:45,399 Speaker 3: all my little direct debit transfer setup so that I 545 00:26:45,400 --> 00:26:48,480 Speaker 3: don't have to think about think about any of it 546 00:26:48,520 --> 00:26:50,760 Speaker 3: week to week, and you know, it just kind of 547 00:26:50,800 --> 00:26:51,880 Speaker 3: takes care of itself. 548 00:26:52,040 --> 00:26:55,200 Speaker 2: I am obsessed with that, genuinely, Like I can't believe 549 00:26:55,240 --> 00:26:58,439 Speaker 2: how organized you are, especially in the circumstances that you 550 00:26:58,520 --> 00:27:00,760 Speaker 2: have gone through, Like that is why, And it makes 551 00:27:00,800 --> 00:27:04,000 Speaker 2: me so happy to flip that though I want to 552 00:27:04,000 --> 00:27:05,800 Speaker 2: know what is your worst money habit. 553 00:27:06,080 --> 00:27:06,439 Speaker 4: Oh. 554 00:27:06,560 --> 00:27:09,760 Speaker 3: I think I can be quite an emotional spender. When 555 00:27:09,760 --> 00:27:12,000 Speaker 3: I'm thinking of buying something, it's not like, oh do 556 00:27:12,080 --> 00:27:15,080 Speaker 3: I need this, It's like I am so sad right now. 557 00:27:15,160 --> 00:27:17,520 Speaker 3: I need to buy something to make myself feel better. 558 00:27:17,880 --> 00:27:19,800 Speaker 3: Like even if I'm happy, like, oh, I should go 559 00:27:19,840 --> 00:27:23,640 Speaker 3: out and celebrate by buying a new dress, getting some gelato. 560 00:27:24,000 --> 00:27:27,600 Speaker 2: Oh my gosh, that's me. Sad, I get a little treat. Happy, Oh, 561 00:27:27,640 --> 00:27:30,120 Speaker 2: I need a little treat, Like, what is wrong with me? 562 00:27:30,760 --> 00:27:33,840 Speaker 2: At what point do you not get a little treat? Victoria. 563 00:27:33,960 --> 00:27:36,280 Speaker 3: I think it's from like our years in the primary 564 00:27:36,320 --> 00:27:38,960 Speaker 3: school system, where it's like, oh, well done, here's a sticker, 565 00:27:39,040 --> 00:27:41,639 Speaker 3: a good job, here's a sticker. You know, we've just 566 00:27:41,680 --> 00:27:43,639 Speaker 3: been so conditioned our entire lives. 567 00:27:43,960 --> 00:27:46,200 Speaker 2: I went to primary school. Yeah, I loved stickers. I 568 00:27:46,280 --> 00:27:48,840 Speaker 2: used to get those scratch and sniff ones. Those were elite. 569 00:27:49,320 --> 00:27:51,879 Speaker 3: Oh yes, you know, you're a good kid. You forgot 570 00:27:51,880 --> 00:27:53,520 Speaker 3: a scratch and sim one hundred percent. 571 00:27:53,680 --> 00:27:57,680 Speaker 4: But I think now that I'm aware of it, I'm 572 00:27:57,720 --> 00:27:59,960 Speaker 4: maybe not quite as bad because I can sort of 573 00:28:00,119 --> 00:28:03,080 Speaker 4: stop and think, oh, wait a second, I'm only buying 574 00:28:03,119 --> 00:28:03,920 Speaker 4: this because of. 575 00:28:03,880 --> 00:28:04,920 Speaker 3: How I'm feeling right now. 576 00:28:05,000 --> 00:28:05,880 Speaker 2: Oh my gosh. 577 00:28:05,920 --> 00:28:08,840 Speaker 3: And sometimes that works, and sometimes it's like, well, I 578 00:28:08,920 --> 00:28:11,960 Speaker 3: deserve it because I've had a really good day. 579 00:28:12,000 --> 00:28:14,639 Speaker 2: And that's why we need to have some flexibility in 580 00:28:14,640 --> 00:28:16,720 Speaker 2: our budget to make sure we allow for that. Because 581 00:28:16,800 --> 00:28:19,440 Speaker 2: I'm the same, like, I'm not frugal all the time. 582 00:28:19,520 --> 00:28:21,960 Speaker 2: Sometimes I do deserve a little treat, and that's okay, 583 00:28:22,280 --> 00:28:24,639 Speaker 2: But it comes from the little treat budget, doesn't. 584 00:28:24,400 --> 00:28:28,920 Speaker 3: It exactly exactly? So you don't have to feel guilty 585 00:28:29,040 --> 00:28:31,320 Speaker 3: or worryboying it because you know everything else is taken 586 00:28:31,359 --> 00:28:34,639 Speaker 3: care of too. True, And I think it's later. I 587 00:28:34,680 --> 00:28:37,280 Speaker 3: often get home and I'm like, oh, what was I thinking? 588 00:28:37,400 --> 00:28:40,600 Speaker 3: Like I don't even really like it that much. It's 589 00:28:40,640 --> 00:28:43,080 Speaker 3: just that thrill of buying something. 590 00:28:43,920 --> 00:28:46,880 Speaker 2: Well, you can always return it if it's not adding value, 591 00:28:46,960 --> 00:28:51,760 Speaker 2: my friend, exactly, I'm really bad at returning things. Money, Diarist, 592 00:28:52,600 --> 00:28:55,240 Speaker 2: you have told us a lot about your circumstance. You 593 00:28:55,280 --> 00:28:58,360 Speaker 2: became a single mum six months ago. You now have 594 00:28:58,560 --> 00:29:01,920 Speaker 2: investments and saving and you've put money away for your daughters. 595 00:29:01,960 --> 00:29:04,680 Speaker 2: You literally have a savings plan for them. But then 596 00:29:04,680 --> 00:29:07,160 Speaker 2: you've organized your money so much that you've pre paid 597 00:29:07,480 --> 00:29:10,240 Speaker 2: or you have the funds to prepay KINDI and swimming. 598 00:29:10,640 --> 00:29:13,760 Speaker 2: You literally own a property which is epic. And previously 599 00:29:13,880 --> 00:29:16,200 Speaker 2: you said, oh, I'm a B plus. Do you still 600 00:29:16,240 --> 00:29:17,280 Speaker 2: think that's accurate? 601 00:29:17,840 --> 00:29:21,120 Speaker 3: Look, maybe I could bump myself up a bit, maybe 602 00:29:21,120 --> 00:29:25,440 Speaker 3: an A minus. But I think if I have, you know, 603 00:29:25,480 --> 00:29:27,760 Speaker 3: this idea in my head that ah, I'm you know, 604 00:29:27,800 --> 00:29:31,400 Speaker 3: an A plus, I've nailed it, it doesn't really encourage 605 00:29:31,440 --> 00:29:33,440 Speaker 3: me to keep growing and challenge myself to, oh, how 606 00:29:33,480 --> 00:29:36,440 Speaker 3: could I be doing better? Or yeah, maybe sick with 607 00:29:36,440 --> 00:29:37,200 Speaker 3: an A minus. 608 00:29:37,560 --> 00:29:41,680 Speaker 2: Totally understand where you're coming from. I really enjoy that, actually, 609 00:29:41,720 --> 00:29:44,080 Speaker 2: because I think that even if you've got the structure there, 610 00:29:44,200 --> 00:29:47,320 Speaker 2: I think sometimes by saying, oh, well, I'm still not 611 00:29:47,360 --> 00:29:49,720 Speaker 2: an A plus, because I believe everybody has room to 612 00:29:49,760 --> 00:29:52,720 Speaker 2: grow still, that's actually a really positive mindset to be in. 613 00:29:52,760 --> 00:29:54,680 Speaker 2: And I think that, you know, as much as we 614 00:29:54,720 --> 00:29:56,640 Speaker 2: all want to be an A plus, with money, it 615 00:29:56,760 --> 00:29:59,400 Speaker 2: goes in ebbs and flows. Sometimes we smash it out 616 00:29:59,440 --> 00:30:01,520 Speaker 2: in one week and the next week we give ourselves 617 00:30:01,640 --> 00:30:04,240 Speaker 2: a little too many little treats. But that is okay, 618 00:30:04,440 --> 00:30:07,040 Speaker 2: and that is life. And I think that, yeah, this 619 00:30:07,120 --> 00:30:10,360 Speaker 2: has been really powerful. I am so excited to know 620 00:30:10,720 --> 00:30:13,600 Speaker 2: about how well you are doing and that you are flourishing. 621 00:30:13,680 --> 00:30:16,520 Speaker 2: It makes my heart so happy. So thank you so 622 00:30:16,760 --> 00:30:19,720 Speaker 2: much for joining us today for Money Diary. I know 623 00:30:19,840 --> 00:30:22,000 Speaker 2: that so many people are going to be so grateful 624 00:30:22,080 --> 00:30:26,400 Speaker 2: having heard your story because it's inspiring, it's exciting. It 625 00:30:26,480 --> 00:30:28,400 Speaker 2: is one of those things that I think a lot 626 00:30:28,440 --> 00:30:31,160 Speaker 2: of people in the situation you were in six months ago, 627 00:30:31,240 --> 00:30:32,880 Speaker 2: go oh, I don't know if I can do it, 628 00:30:32,960 --> 00:30:35,160 Speaker 2: and you are leaving proof that you absolutely can. 629 00:30:35,480 --> 00:30:37,520 Speaker 3: Oh well, thank you so much. And as I said, 630 00:30:37,640 --> 00:30:39,840 Speaker 3: She's on the Money has been such a huge part 631 00:30:39,880 --> 00:30:43,400 Speaker 3: of that journey and just giving me the confidence financially 632 00:30:43,440 --> 00:30:46,080 Speaker 3: because it was never something I've been educated in before, 633 00:30:46,360 --> 00:30:47,920 Speaker 3: and now I think I know just enough to get 634 00:30:47,960 --> 00:30:51,040 Speaker 3: myself in trouble or get myself out of trouble rather. 635 00:30:51,760 --> 00:30:54,120 Speaker 3: So thank you for for your movement. 636 00:30:54,520 --> 00:30:57,640 Speaker 2: No, thank you all right, Well, thank you so much, 637 00:30:57,720 --> 00:30:59,840 Speaker 2: But unfortunately I do think that's all we have time 638 00:30:59,840 --> 00:31:09,520 Speaker 2: for today. We'll see you guys on Wednesday. The advice 639 00:31:09,560 --> 00:31:12,120 Speaker 2: shared on She's on the Money is general in nature 640 00:31:12,160 --> 00:31:15,680 Speaker 2: and does not consider your individual circumstances. She's on the 641 00:31:15,680 --> 00:31:19,240 Speaker 2: Money exists purely for educational purposes and should not be 642 00:31:19,320 --> 00:31:22,680 Speaker 2: relied upon to make an investment or financial decision. If 643 00:31:22,720 --> 00:31:25,080 Speaker 2: you do choose to buy a financial product, read the 644 00:31:25,080 --> 00:31:29,719 Speaker 2: PDS TMD and obtain appropriate financial advice tailored towards your needs. 645 00:31:30,040 --> 00:31:34,000 Speaker 2: Victoria Divine and She's on the Money are authorized representatives 646 00:31:34,040 --> 00:31:38,160 Speaker 2: of money SHERPA pty Ltd ABN three two one six 647 00:31:38,240 --> 00:31:42,120 Speaker 2: four nine two seven seven zero eight AFSL four five 648 00:31:42,200 --> 00:31:51,680 Speaker 2: one two eight nine