1 00:00:00,200 --> 00:00:19,480 Speaker 1: She's on the Money. She's on the Money. 2 00:00:22,880 --> 00:00:25,800 Speaker 2: Hello, and welcome to She's on the Money, the podcast 3 00:00:25,840 --> 00:00:29,680 Speaker 2: for millennials who want financial freedom. My name is Tony Lodge, 4 00:00:29,680 --> 00:00:32,000 Speaker 2: and joining me for another shot back money Diary is 5 00:00:32,080 --> 00:00:33,040 Speaker 2: Victoria Devine. 6 00:00:33,120 --> 00:00:35,240 Speaker 3: Hello, Hello, Tony Lodge. 7 00:00:36,080 --> 00:00:38,280 Speaker 2: I've got a great money diary for you again this week, 8 00:00:38,320 --> 00:00:41,720 Speaker 2: which I say every single week and by our intros. 9 00:00:42,200 --> 00:00:43,600 Speaker 2: But they're all really good. 10 00:00:44,280 --> 00:00:47,400 Speaker 3: Look I tend to agree, But at the same time, 11 00:00:47,479 --> 00:00:49,640 Speaker 3: maybe we could think of something more creative to say, 12 00:00:49,880 --> 00:00:51,920 Speaker 3: or maybe we could just get into the money Diary. 13 00:00:51,920 --> 00:00:52,639 Speaker 3: How about that? 14 00:00:52,840 --> 00:00:54,360 Speaker 2: Okay, I'll say something better next week. 15 00:00:54,360 --> 00:00:56,680 Speaker 3: All right, the problems? All right, Tony, can you read 16 00:00:56,680 --> 00:00:58,760 Speaker 3: out this week's money dores email for me? 17 00:00:59,200 --> 00:01:01,880 Speaker 2: All right, here we go. Hi, She's on the Money team. 18 00:01:02,200 --> 00:01:04,959 Speaker 2: I'm a twenty five year old full time UNI student, 19 00:01:05,040 --> 00:01:07,959 Speaker 2: full time legal assistant who has only in the last 20 00:01:07,959 --> 00:01:10,840 Speaker 2: twelve months got my acts together with my finances and 21 00:01:10,920 --> 00:01:14,520 Speaker 2: plan my goals financial and otherwise for the next few years. 22 00:01:14,760 --> 00:01:16,800 Speaker 2: I've always been a bit of a late bloomer, and 23 00:01:16,840 --> 00:01:19,600 Speaker 2: while many of my friends had successful high school careers, 24 00:01:19,800 --> 00:01:21,759 Speaker 2: I did not really start to come into my own 25 00:01:21,840 --> 00:01:24,560 Speaker 2: until the last two years. Many of my friends have 26 00:01:24,640 --> 00:01:27,479 Speaker 2: recently kicked massive life goals such as buying a house, 27 00:01:27,560 --> 00:01:30,120 Speaker 2: having a baby, and getting married while I'm still at 28 00:01:30,200 --> 00:01:33,480 Speaker 2: UNI after five years. Even though I fully intend and 29 00:01:33,600 --> 00:01:35,520 Speaker 2: want to achieve those things as well, it can be 30 00:01:35,560 --> 00:01:39,280 Speaker 2: hard to fight the false feeling of remaining stagnant. I 31 00:01:39,400 --> 00:01:42,000 Speaker 2: was so thrilled to discover your podcast, as it really 32 00:01:42,000 --> 00:01:43,720 Speaker 2: gave me the kick up the bar I needed to 33 00:01:43,760 --> 00:01:47,160 Speaker 2: take actionable steps to organize my finances. I still have 34 00:01:47,240 --> 00:01:49,480 Speaker 2: a long way to go, but can finally say I'm 35 00:01:49,520 --> 00:01:51,400 Speaker 2: proud of where I'm at in life and of what 36 00:01:51,440 --> 00:01:54,080 Speaker 2: I've achieved. I'm with Jess on this one. I believe 37 00:01:54,120 --> 00:01:57,200 Speaker 2: in the power of manifestation and I'm so excited to 38 00:01:57,200 --> 00:01:59,160 Speaker 2: see what goals I smash in the future now that 39 00:01:59,200 --> 00:02:04,120 Speaker 2: I have some conviction behind me. Regards late blooming law student. 40 00:02:04,080 --> 00:02:06,800 Speaker 3: Oh I love this. I can't wait. And Tony, now 41 00:02:06,840 --> 00:02:09,280 Speaker 3: I know exactly why you were having a joke about 42 00:02:09,320 --> 00:02:12,400 Speaker 3: me not doing anything too naughty or saying anything too 43 00:02:12,520 --> 00:02:14,320 Speaker 3: rude because she's a legal assistant. 44 00:02:14,520 --> 00:02:16,079 Speaker 2: Uh huh, she knows her stuff. 45 00:02:16,320 --> 00:02:19,280 Speaker 3: Yeah, all right. Well, as always, we have our money 46 00:02:19,320 --> 00:02:22,360 Speaker 3: diarist on the line, so we can ask them lots 47 00:02:22,360 --> 00:02:25,679 Speaker 3: of questions about their personal financial situation and how they 48 00:02:25,720 --> 00:02:28,840 Speaker 3: do what they do. Welcome to the show Money Diarist. 49 00:02:29,520 --> 00:02:31,119 Speaker 4: Hello, I'm really happy to be here. 50 00:02:31,600 --> 00:02:35,040 Speaker 3: We are really happy that you're here. Honestly, this will 51 00:02:35,040 --> 00:02:37,040 Speaker 3: be fun and I think it's one of those things 52 00:02:37,080 --> 00:02:39,959 Speaker 3: that if you're at UNI, and you've been at UNI 53 00:02:40,000 --> 00:02:43,480 Speaker 3: for an extended period of time, you just automatically feel behind. 54 00:02:43,880 --> 00:02:46,120 Speaker 3: And I can really resonate with that. As someone who's 55 00:02:46,160 --> 00:02:49,360 Speaker 3: done seven years of university. I just remember seeing all 56 00:02:49,360 --> 00:02:53,160 Speaker 3: my friends who potentially started working after school and didn't 57 00:02:53,160 --> 00:02:56,800 Speaker 3: go through that UNI journey. You kind of go, oh, okay, well, 58 00:02:56,880 --> 00:02:59,720 Speaker 3: you know, I'm in my I would say, mid twenties 59 00:02:59,760 --> 00:03:02,680 Speaker 3: now on their buying houses and doing things that I'm not. 60 00:03:03,080 --> 00:03:05,639 Speaker 3: Am I behind. No, you're not just summary of this. 61 00:03:05,960 --> 00:03:09,079 Speaker 3: I know you're not. So let's get into the questions. 62 00:03:09,639 --> 00:03:13,280 Speaker 3: As always, the first question is what is your attitude 63 00:03:13,320 --> 00:03:14,280 Speaker 3: towards money? 64 00:03:15,440 --> 00:03:18,760 Speaker 5: So my attitude towards money has really changed in the 65 00:03:18,840 --> 00:03:19,760 Speaker 5: last two years. 66 00:03:20,240 --> 00:03:21,080 Speaker 2: It sounds like it. 67 00:03:21,200 --> 00:03:23,200 Speaker 4: Oh my gosh, Yeah, it really has. 68 00:03:23,320 --> 00:03:26,799 Speaker 5: Because my parents have always taught me that money is 69 00:03:26,840 --> 00:03:29,520 Speaker 5: something that should stay within the family and we don't 70 00:03:29,520 --> 00:03:33,120 Speaker 5: talk about it with anyone else, and my dad is 71 00:03:33,320 --> 00:03:36,760 Speaker 5: very high earning. He's one of the top professionals in 72 00:03:36,800 --> 00:03:39,839 Speaker 5: his industry. So I've always been really lucky to have 73 00:03:39,960 --> 00:03:43,360 Speaker 5: everything that I've always wanted them needing growing up. My 74 00:03:43,440 --> 00:03:46,760 Speaker 5: brother and I have always been provided for. And my 75 00:03:46,880 --> 00:03:49,360 Speaker 5: first time overseas was when I was only six months 76 00:03:49,360 --> 00:03:53,360 Speaker 5: old because both my parents, I know, it's amazing because 77 00:03:53,400 --> 00:03:56,040 Speaker 5: both my parents were born overseas, so we were just 78 00:03:56,080 --> 00:03:58,760 Speaker 5: really lucky to be able to travel and see our 79 00:03:58,800 --> 00:03:59,720 Speaker 5: family overseas. 80 00:03:59,880 --> 00:04:03,080 Speaker 4: I've had a very privileged outbreaking, so I've. 81 00:04:02,960 --> 00:04:05,400 Speaker 3: Always had that you say that, I love that you 82 00:04:05,440 --> 00:04:07,080 Speaker 3: say that, You're like, I want to overseas it six 83 00:04:07,120 --> 00:04:09,520 Speaker 3: months old, But I'm quite clearly aware of the fact 84 00:04:09,600 --> 00:04:12,040 Speaker 3: that that's not that normal. Like I think I went 85 00:04:12,080 --> 00:04:15,160 Speaker 3: overseas and this is again privileged for the first time 86 00:04:15,200 --> 00:04:17,839 Speaker 3: when I was like fourteen, and it was the only 87 00:04:17,920 --> 00:04:21,400 Speaker 3: overseas trip I ever went on with my family before 88 00:04:21,440 --> 00:04:24,840 Speaker 3: you know, ending actually ever and it was to Fiji. 89 00:04:25,000 --> 00:04:26,719 Speaker 3: And I remember going to Fiji for a week and 90 00:04:26,760 --> 00:04:29,800 Speaker 3: that was so wild, like it was like one of 91 00:04:29,839 --> 00:04:33,839 Speaker 3: those all expenses paid like trips where yeah, yeah, yeah, where, 92 00:04:33,880 --> 00:04:36,920 Speaker 3: Like the ice cream was like never ending and kids 93 00:04:36,960 --> 00:04:39,800 Speaker 3: Club was like free. It was so fun. But yeah, 94 00:04:39,880 --> 00:04:42,160 Speaker 3: I remember growing up at school looking at all the 95 00:04:42,279 --> 00:04:45,320 Speaker 3: kids that went overseas during school holidays and stuff, and 96 00:04:45,440 --> 00:04:47,640 Speaker 3: be like, Oh, do they know how lucky they've got it? 97 00:04:48,160 --> 00:04:49,880 Speaker 3: I'm glad money direst that you know? 98 00:04:50,839 --> 00:04:54,400 Speaker 5: Well, honestly, I didn't until I started dating my current 99 00:04:54,440 --> 00:04:57,240 Speaker 5: partner because he comes from a very different background from me, 100 00:04:57,360 --> 00:04:59,320 Speaker 5: because he's the first in his family to go to 101 00:04:59,480 --> 00:05:03,359 Speaker 5: university and I come from a family of lawyers, so 102 00:05:03,520 --> 00:05:06,440 Speaker 5: it was always expected that I would go to university. 103 00:05:06,600 --> 00:05:10,080 Speaker 5: And for his family, they've never been very high earning. 104 00:05:10,800 --> 00:05:14,200 Speaker 5: And he really taught me how lucky I am and 105 00:05:14,279 --> 00:05:16,919 Speaker 5: help me shine a light on my privilege. And before that, 106 00:05:17,040 --> 00:05:19,080 Speaker 5: I took a lot of stuff for granted, and I 107 00:05:19,160 --> 00:05:22,359 Speaker 5: just didn't really realize how lucky I am to always 108 00:05:22,440 --> 00:05:25,359 Speaker 5: have my parents to rely on financially, whereas he's always 109 00:05:25,400 --> 00:05:26,719 Speaker 5: had to support himself. 110 00:05:27,200 --> 00:05:30,240 Speaker 3: Wow, how did that revelation feel? 111 00:05:30,560 --> 00:05:30,640 Speaker 5: Like? 112 00:05:30,839 --> 00:05:33,680 Speaker 3: At what point in your relationship did you realize that? 113 00:05:33,839 --> 00:05:36,040 Speaker 3: Was that in the initial dating phases or a little 114 00:05:36,040 --> 00:05:39,640 Speaker 3: bit later? Like how does that come about or that 115 00:05:39,760 --> 00:05:42,039 Speaker 3: topic come about in a relationship? 116 00:05:43,080 --> 00:05:44,520 Speaker 4: It's an ongoing process. 117 00:05:44,560 --> 00:05:48,080 Speaker 5: Honestly, even now, he'll sometimes still call me out for 118 00:05:48,160 --> 00:05:51,200 Speaker 5: my privilege, because sometimes I'll still like accidentally slip into 119 00:05:51,200 --> 00:05:54,120 Speaker 5: bad habits and let my parents pay for something for me, 120 00:05:54,440 --> 00:05:57,000 Speaker 5: or I'll let them support me with my growth theories 121 00:05:57,160 --> 00:05:59,640 Speaker 5: or something like that, and my partner will say, actually, 122 00:05:59,680 --> 00:06:01,480 Speaker 5: you know, I'm not sure if you should be doing that, 123 00:06:01,720 --> 00:06:04,040 Speaker 5: or you know, who'll remind me that I am working 124 00:06:04,040 --> 00:06:07,120 Speaker 5: full time and I should be able to support myself financially. 125 00:06:07,200 --> 00:06:09,520 Speaker 5: So it's an ongoing process, but I think you need 126 00:06:09,560 --> 00:06:12,720 Speaker 5: to be open to being able to acknowledge our own 127 00:06:12,800 --> 00:06:16,479 Speaker 5: biases and being able to say, oh, actually I need 128 00:06:16,520 --> 00:06:18,200 Speaker 5: to call myself out as well. 129 00:06:19,120 --> 00:06:21,359 Speaker 3: Oh I really like that. You seem like you're really 130 00:06:21,400 --> 00:06:24,240 Speaker 3: switched on, and I guess kind of humble about that 131 00:06:24,279 --> 00:06:27,520 Speaker 3: situation as well. You're like, oh yeah, actually, like I 132 00:06:27,560 --> 00:06:30,440 Speaker 3: really like that. All right, Next question, what do you 133 00:06:30,480 --> 00:06:33,600 Speaker 3: currently do for work and how much money do you earn? 134 00:06:34,240 --> 00:06:37,760 Speaker 5: So as Tony said, I am a full time legal assistant, 135 00:06:37,880 --> 00:06:40,680 Speaker 5: which I have been doing for three years now, and 136 00:06:40,880 --> 00:06:42,920 Speaker 5: I earn fifty five thousand dollars a year. 137 00:06:43,520 --> 00:06:46,440 Speaker 3: Hey, that's pretty good for a UNI student. 138 00:06:47,000 --> 00:06:50,000 Speaker 2: Are you studying full time and working full time. 139 00:06:51,080 --> 00:06:53,720 Speaker 5: This semester, I am studying full time as well as 140 00:06:53,720 --> 00:06:59,320 Speaker 5: working full time, but normally I've been doing It's a lot, honestly. 141 00:06:59,760 --> 00:07:02,640 Speaker 2: Yeah, it would be a lot, and not just time wise, 142 00:07:02,680 --> 00:07:05,800 Speaker 2: but like the mental capacity for working a full time 143 00:07:05,880 --> 00:07:09,240 Speaker 2: job and being across that and also trying to learn 144 00:07:09,279 --> 00:07:11,320 Speaker 2: and like fill your brain with new information. 145 00:07:13,240 --> 00:07:16,080 Speaker 5: Absolutely, I find I'm so tired at the end of 146 00:07:16,080 --> 00:07:19,160 Speaker 5: the day because I distant thinking all day at work 147 00:07:19,200 --> 00:07:20,480 Speaker 5: and then I have to go and do some more 148 00:07:20,520 --> 00:07:23,880 Speaker 5: thinking my university studies, like the last thing I want 149 00:07:23,920 --> 00:07:25,600 Speaker 5: to do more thinking. 150 00:07:25,760 --> 00:07:29,280 Speaker 3: Like I totally get that. And I don't know if 151 00:07:29,320 --> 00:07:31,360 Speaker 3: you slip into that mindset of like you might be 152 00:07:31,400 --> 00:07:33,480 Speaker 3: at you need doing something and you just can't wait 153 00:07:33,560 --> 00:07:35,480 Speaker 3: to get home, and it's like you have blinkers on 154 00:07:35,520 --> 00:07:38,120 Speaker 3: and you completely forget you've got all these other commitments. 155 00:07:38,360 --> 00:07:40,640 Speaker 3: You get home, you feel relaxed, and you're like this 156 00:07:40,760 --> 00:07:43,600 Speaker 3: overwhelming sense of droid. You're like, Oh, I've got an assignment. 157 00:07:43,920 --> 00:07:46,760 Speaker 3: Oh I've got to get this work thing done. You're like, oh, no, 158 00:07:47,240 --> 00:07:48,480 Speaker 3: is this ever going to end? 159 00:07:48,920 --> 00:07:49,720 Speaker 4: Yeah? Definitely. 160 00:07:49,800 --> 00:07:51,960 Speaker 5: And I think that's like the whole point of my 161 00:07:52,000 --> 00:07:55,520 Speaker 5: money story really is that the mental load of studying and. 162 00:07:55,440 --> 00:07:58,560 Speaker 4: Working is so heavy, and it can be really. 163 00:07:58,320 --> 00:08:01,680 Speaker 5: Hard not to compare yourself to other people, especially when 164 00:08:01,680 --> 00:08:03,280 Speaker 5: they've had different journeys from me. 165 00:08:04,120 --> 00:08:06,920 Speaker 3: Yeah, of course, of course. So can you tell me 166 00:08:06,960 --> 00:08:09,360 Speaker 3: a little bit about your living situation? Are you living 167 00:08:09,440 --> 00:08:11,480 Speaker 3: out of home? Are you living at home? Do you 168 00:08:11,480 --> 00:08:14,120 Speaker 3: live with a partner? What does that look like for you? 169 00:08:14,960 --> 00:08:17,800 Speaker 5: So at the moment, I am living by myself in 170 00:08:17,920 --> 00:08:20,920 Speaker 5: Melbourne and I'm renting and my partner is living in 171 00:08:21,000 --> 00:08:24,360 Speaker 5: Queensland because he's finishing up his Masters of Teaching, so 172 00:08:24,400 --> 00:08:26,560 Speaker 5: we're doing the law distance thing at the moment. 173 00:08:26,840 --> 00:08:30,520 Speaker 4: Yeah, so that's how does that go? It's been really hard, honestly, 174 00:08:30,600 --> 00:08:31,480 Speaker 4: because I moved. 175 00:08:31,800 --> 00:08:34,200 Speaker 5: I used to live in Melbourne and I always knew 176 00:08:34,240 --> 00:08:36,199 Speaker 5: that I wanted to move back, so I moved from 177 00:08:36,280 --> 00:08:41,200 Speaker 5: Brisbane to Melbourne last year and I was really happy 178 00:08:41,240 --> 00:08:43,160 Speaker 5: that I made that decision, by it meant I was 179 00:08:43,160 --> 00:08:46,920 Speaker 5: living alone for all the lockdowns, and that was really 180 00:08:46,960 --> 00:08:49,240 Speaker 5: really hard because I didn't have my family, I didn't 181 00:08:49,280 --> 00:08:51,680 Speaker 5: have my partner, and I have friends in Melbourne, but 182 00:08:51,720 --> 00:08:54,439 Speaker 5: obviously I couldn't see them because of the lockdowns. 183 00:08:55,160 --> 00:08:57,040 Speaker 4: Wow, that was really hard on you. 184 00:08:57,120 --> 00:09:01,280 Speaker 5: Mentally living alone. Honestly, it took a really big toll 185 00:09:01,400 --> 00:09:05,400 Speaker 5: on my mental health. And last year I had a 186 00:09:05,400 --> 00:09:08,560 Speaker 5: lot of support with my university studies, from my parents 187 00:09:08,840 --> 00:09:11,640 Speaker 5: and from my partner, just because at the end of 188 00:09:11,760 --> 00:09:13,840 Speaker 5: last year, I think we were all just feeling really 189 00:09:13,880 --> 00:09:17,760 Speaker 5: depleted emotionally and mentally, and even though I still had 190 00:09:17,800 --> 00:09:20,240 Speaker 5: friends coming over to the house, like I had a 191 00:09:20,240 --> 00:09:23,880 Speaker 5: bubble buddy, which was really good, but they always go 192 00:09:23,960 --> 00:09:26,920 Speaker 5: away after that visit and then you're alone again, which 193 00:09:26,960 --> 00:09:27,720 Speaker 5: is really hard. 194 00:09:28,640 --> 00:09:31,520 Speaker 3: It doesn't feel the same as being able to snuggle 195 00:09:31,600 --> 00:09:34,560 Speaker 3: up on the couch with your partner and fall sleep 196 00:09:34,800 --> 00:09:37,240 Speaker 3: like that's when a friend's over you. It's a bit 197 00:09:37,360 --> 00:09:39,520 Speaker 3: like you're on all the time as well. You don't 198 00:09:39,520 --> 00:09:41,960 Speaker 3: get that downtime with a partner, which I think is 199 00:09:42,000 --> 00:09:43,200 Speaker 3: what I would miss the. 200 00:09:43,120 --> 00:09:47,520 Speaker 5: Most definitely, And I think I thought twenty twenty one 201 00:09:47,520 --> 00:09:51,400 Speaker 5: would be better, but it's actually been so much harder 202 00:09:51,600 --> 00:09:55,120 Speaker 5: because I know, oh my gosh, I was meant to 203 00:09:55,120 --> 00:09:58,040 Speaker 5: go to a friend's wedding earlier this year in Queensland 204 00:09:58,120 --> 00:10:00,400 Speaker 5: and I couldn't go, and all my friends were there 205 00:10:00,440 --> 00:10:03,120 Speaker 5: and my partner was there, and that was so hard, 206 00:10:03,440 --> 00:10:06,160 Speaker 5: Like that was just one of the most challenging things. 207 00:10:06,840 --> 00:10:09,840 Speaker 3: Yeah, but hopefully we are at the end of this 208 00:10:10,040 --> 00:10:12,960 Speaker 3: and we've found a way forward to manage COVID into 209 00:10:13,080 --> 00:10:16,599 Speaker 3: our everyday life. So hopefully this is one of the 210 00:10:16,679 --> 00:10:18,400 Speaker 3: last lockdowns we'll ever see. 211 00:10:19,080 --> 00:10:22,120 Speaker 5: Yeah, I think it's crossed. And that's why I decided 212 00:10:22,160 --> 00:10:24,080 Speaker 5: to come back to Queensland for a while, because I 213 00:10:24,160 --> 00:10:26,800 Speaker 5: was like, I'm just gonna go see my partner. So 214 00:10:26,920 --> 00:10:30,000 Speaker 5: I'm actually in hotel quarantine at the moment, but I'll 215 00:10:30,000 --> 00:10:30,960 Speaker 5: get out on Friday. 216 00:10:31,280 --> 00:10:34,040 Speaker 3: Oh my gosh, how's hotel quarantine going. 217 00:10:35,160 --> 00:10:37,520 Speaker 5: I mean, I feel like I've handled it really well 218 00:10:37,559 --> 00:10:40,800 Speaker 5: because I have a positive attitude. But it's definitely been 219 00:10:40,880 --> 00:10:44,720 Speaker 5: really tough, and the second half is definitely harder, I think, 220 00:10:44,840 --> 00:10:48,400 Speaker 5: because yeah, it just feels like a really long two weeks. 221 00:10:48,840 --> 00:10:50,040 Speaker 3: Yeah, I can imagine. 222 00:10:50,360 --> 00:10:50,720 Speaker 5: All right. 223 00:10:51,000 --> 00:10:56,040 Speaker 3: Next question back on track is money, Durist, what is 224 00:10:56,080 --> 00:10:58,360 Speaker 3: your big money goal at the moment. 225 00:10:59,800 --> 00:11:02,720 Speaker 5: So at the moment, my big money goal is to 226 00:11:02,760 --> 00:11:07,560 Speaker 5: save for my emergency fund. I have about seven thousand 227 00:11:07,559 --> 00:11:08,880 Speaker 5: dollars in that at the moment. 228 00:11:08,960 --> 00:11:09,680 Speaker 4: But this year I. 229 00:11:09,760 --> 00:11:12,280 Speaker 3: Got she's already got an emergency fund. 230 00:11:13,840 --> 00:11:16,280 Speaker 5: I do, I do, but I'm that kind of person 231 00:11:16,320 --> 00:11:20,120 Speaker 5: who can't live with like twenty dollars in my bank account, 232 00:11:20,120 --> 00:11:22,360 Speaker 5: Like I just cannot do that. I need to have 233 00:11:22,440 --> 00:11:26,120 Speaker 5: that mental security to know that I have that money there. 234 00:11:26,640 --> 00:11:28,600 Speaker 4: And I would have had a lot more on my account. 235 00:11:28,679 --> 00:11:31,040 Speaker 5: But this year I actually spent a lot of money 236 00:11:31,840 --> 00:11:34,320 Speaker 5: on me, Like I did a group therapy program just 237 00:11:34,360 --> 00:11:37,000 Speaker 5: to work on some issues that I've been struggling with, 238 00:11:37,080 --> 00:11:40,400 Speaker 5: and I'm training for a half marathon in December at 239 00:11:40,400 --> 00:11:40,920 Speaker 5: the moment. 240 00:11:41,080 --> 00:11:43,040 Speaker 4: So I spent a lot of. 241 00:11:43,000 --> 00:11:45,800 Speaker 5: Money this year on me, and I definitely do feel 242 00:11:45,800 --> 00:11:47,800 Speaker 5: a bit guilty about that, which I. 243 00:11:47,720 --> 00:11:51,400 Speaker 3: Think is from that you didn't spend a lot of 244 00:11:51,440 --> 00:11:53,760 Speaker 3: money on you this year. You invested a lot of 245 00:11:53,800 --> 00:11:57,520 Speaker 3: money on you this year, and going through so much isolation, 246 00:11:58,080 --> 00:12:00,840 Speaker 3: I feel like that was money well spent. You didn't say, Hey, 247 00:12:01,040 --> 00:12:02,440 Speaker 3: I went and bought a whole heap of shoes and 248 00:12:02,480 --> 00:12:05,239 Speaker 3: clothes and all the stuff that Victoria's been buying online. 249 00:12:05,320 --> 00:12:07,240 Speaker 3: I did group therapy and I'm working. 250 00:12:07,360 --> 00:12:07,719 Speaker 1: I did that. 251 00:12:09,080 --> 00:12:11,120 Speaker 3: Yeah, but we don't, like, let's just sweep that bit 252 00:12:11,240 --> 00:12:14,000 Speaker 3: under a rug. But I think it's really important to 253 00:12:14,160 --> 00:12:17,080 Speaker 3: not feel guilty about that spending because what you just 254 00:12:17,080 --> 00:12:20,239 Speaker 3: told me was you still have a pretty safe emergency 255 00:12:20,280 --> 00:12:22,959 Speaker 3: fund if anything went wrong, And it's not like you've 256 00:12:22,960 --> 00:12:25,000 Speaker 3: gone into debt for these things. So I don't think 257 00:12:25,040 --> 00:12:27,120 Speaker 3: we need to carry guilt for decisions like that. 258 00:12:28,520 --> 00:12:29,079 Speaker 4: Absolutely. 259 00:12:29,160 --> 00:12:31,600 Speaker 5: I think from what I can tell them that she's 260 00:12:31,640 --> 00:12:33,480 Speaker 5: on the money community. There are a lot of other 261 00:12:33,480 --> 00:12:36,000 Speaker 5: people who feel the same way about spending money, and 262 00:12:36,040 --> 00:12:39,360 Speaker 5: they think it's just about changing your mindset and changing 263 00:12:39,440 --> 00:12:42,080 Speaker 5: that conversation that you have with yourself, which can be 264 00:12:42,120 --> 00:12:44,640 Speaker 5: really hard sometimes, but it's a daily practice. 265 00:12:44,720 --> 00:12:49,320 Speaker 3: I find absolutely agree. All right, next question is do 266 00:12:49,400 --> 00:12:52,319 Speaker 3: you currently have any investments? 267 00:12:52,800 --> 00:12:53,680 Speaker 4: I do so. 268 00:12:53,920 --> 00:12:57,120 Speaker 5: I signed up to Spaceship and Raise after listening to 269 00:12:57,240 --> 00:12:59,719 Speaker 5: the podcast, and I do it. 270 00:13:00,000 --> 00:13:00,400 Speaker 4: Thank you. 271 00:13:00,480 --> 00:13:03,240 Speaker 5: I'm doing the Ryan John five dollars a day coffee 272 00:13:03,240 --> 00:13:07,319 Speaker 5: thinges genius. I already have over one thousand dollars in 273 00:13:07,400 --> 00:13:11,040 Speaker 5: my Raise accounts, so, oh my gosh, what I know. 274 00:13:11,240 --> 00:13:14,199 Speaker 3: It just adds up this coffee thing. Like I am 275 00:13:14,280 --> 00:13:16,800 Speaker 3: not an advocate of just getting rid of daily coffees. 276 00:13:16,840 --> 00:13:18,520 Speaker 3: I think I've said on the podcast before it's a 277 00:13:18,559 --> 00:13:21,960 Speaker 3: no from me, but being between best five dollars a day, 278 00:13:22,320 --> 00:13:23,400 Speaker 3: she really adds up. 279 00:13:23,600 --> 00:13:27,400 Speaker 4: But I also have six thousand dollars in six Park 280 00:13:28,520 --> 00:13:31,599 Speaker 4: and I also have Yeah. 281 00:13:30,800 --> 00:13:33,920 Speaker 5: And they also have some shares that I bought myself 282 00:13:34,040 --> 00:13:35,880 Speaker 5: on the stock market from nab Trade. 283 00:13:36,480 --> 00:13:38,479 Speaker 3: Oh my gosh, she's a hustler. 284 00:13:39,320 --> 00:13:39,679 Speaker 4: All right. 285 00:13:39,840 --> 00:13:44,600 Speaker 3: Next question is do you currently have any debts? Tony. 286 00:13:44,640 --> 00:13:46,360 Speaker 3: I think we know the answer to this one, but 287 00:13:46,760 --> 00:13:49,040 Speaker 3: we've still got to ask its process. 288 00:13:49,679 --> 00:13:53,600 Speaker 5: I actually don't have any debts at the moment. I 289 00:13:53,640 --> 00:13:56,080 Speaker 5: will have to pay for my hotel quarantine, which will 290 00:13:56,120 --> 00:13:59,120 Speaker 5: be very expensive, but for me it's. 291 00:13:58,800 --> 00:13:59,720 Speaker 4: Definitely worth it. 292 00:14:00,280 --> 00:14:02,560 Speaker 5: I'm also really lucky, and I know this is a 293 00:14:02,600 --> 00:14:05,560 Speaker 5: really privileged position to be it, but my parents have 294 00:14:05,679 --> 00:14:08,960 Speaker 5: actually been paying for my university fees and I've been 295 00:14:09,000 --> 00:14:12,560 Speaker 5: paying them back yeah, because they want to teach me 296 00:14:12,679 --> 00:14:15,840 Speaker 5: about having a loan and paying it back. And I 297 00:14:15,880 --> 00:14:18,400 Speaker 5: understand that most people aren't in a position where they're 298 00:14:18,400 --> 00:14:20,680 Speaker 5: able to do that, but I'm really grateful to my 299 00:14:20,760 --> 00:14:23,560 Speaker 5: parents that they are financially able to support me in 300 00:14:23,560 --> 00:14:26,080 Speaker 5: that way. And they've also taught me about budgeting and 301 00:14:26,160 --> 00:14:28,840 Speaker 5: saving because every year I have to pay them for 302 00:14:28,920 --> 00:14:32,080 Speaker 5: my university fees, and then at the end, when I graduate, 303 00:14:32,120 --> 00:14:34,200 Speaker 5: I won't have a hex step which is really great. 304 00:14:34,840 --> 00:14:38,160 Speaker 3: Yeah, which I think is really cool again, really grateful 305 00:14:38,160 --> 00:14:40,280 Speaker 3: that you're calling out yourn privilege there, but at the 306 00:14:40,320 --> 00:14:42,720 Speaker 3: same time, like it's cool for us to learn that. 307 00:14:42,720 --> 00:14:45,640 Speaker 3: That's how you're learning how to budget and save and invest. 308 00:14:46,080 --> 00:14:48,680 Speaker 3: And you know, I've got a hex stet and I'm 309 00:14:48,720 --> 00:14:50,240 Speaker 3: kind of treating it in the same way that you're 310 00:14:50,280 --> 00:14:52,520 Speaker 3: potentially treating your parents. So I think we can all 311 00:14:52,600 --> 00:14:55,160 Speaker 3: learn from going to university having those fees at the 312 00:14:55,240 --> 00:14:58,600 Speaker 3: end of the day. Thankfully, our help system means that 313 00:14:58,640 --> 00:15:01,840 Speaker 3: we're not incurring significant an interest on it. But to 314 00:15:01,840 --> 00:15:03,240 Speaker 3: be in the position where you're not gonna have your 315 00:15:03,240 --> 00:15:06,240 Speaker 3: help GEBT taken out of your future income, like, oh, 316 00:15:06,320 --> 00:15:08,240 Speaker 3: I would have liked to be in that position. That 317 00:15:08,320 --> 00:15:10,080 Speaker 3: sounds like a nice position to be in. 318 00:15:11,000 --> 00:15:11,760 Speaker 4: Yeah, definitely. 319 00:15:11,840 --> 00:15:14,520 Speaker 5: And a law degree is so expensive as well, And 320 00:15:14,600 --> 00:15:17,240 Speaker 5: I'm doing a double degree, so I'm doing a law 321 00:15:17,280 --> 00:15:20,040 Speaker 5: degree and then also a degree in fine arts with honors, 322 00:15:20,080 --> 00:15:21,960 Speaker 5: so at the end I'm going to have a smart 323 00:15:22,000 --> 00:15:26,440 Speaker 5: tony girl. I'm super creative as well, so I really 324 00:15:26,480 --> 00:15:28,760 Speaker 5: wanted to do a double degree so I have that 325 00:15:28,880 --> 00:15:32,840 Speaker 5: creative output as well, because law can be really dry sometimes, 326 00:15:32,880 --> 00:15:34,680 Speaker 5: so it's good to have something fun to do. 327 00:15:35,600 --> 00:15:38,280 Speaker 3: Yeah. I love that that you're getting to pursue something 328 00:15:38,320 --> 00:15:39,880 Speaker 3: that you love as well as something that you know 329 00:15:40,080 --> 00:15:43,320 Speaker 3: is going to be your future career. Next question, and 330 00:15:43,360 --> 00:15:45,880 Speaker 3: I have a sneaky suspicion I might know the answer 331 00:15:45,920 --> 00:15:48,360 Speaker 3: to this because you dropped a hint before that you're 332 00:15:48,400 --> 00:15:51,720 Speaker 3: also good at spending money on clothes and shoes. Do 333 00:15:51,960 --> 00:15:53,360 Speaker 3: you use shot back? 334 00:15:54,640 --> 00:15:59,760 Speaker 4: I do. I've been using Tony. I know. I actually 335 00:15:59,760 --> 00:16:00,320 Speaker 4: love of. 336 00:16:00,280 --> 00:16:03,760 Speaker 5: Buying shoes and clothes a bit of a bad habit 337 00:16:03,800 --> 00:16:05,680 Speaker 5: of mine, but oh well, it's fine. 338 00:16:05,720 --> 00:16:08,600 Speaker 4: We all have our vices, but I think. 339 00:16:08,520 --> 00:16:10,960 Speaker 3: We all have that and we've got to normalize it. 340 00:16:11,040 --> 00:16:14,280 Speaker 3: Like shoes to me bring a lot of happiness. 341 00:16:14,440 --> 00:16:17,560 Speaker 5: It's like, I know that it's just a small serotonin berth, 342 00:16:17,640 --> 00:16:19,640 Speaker 5: but I still love buying clothes online. 343 00:16:20,200 --> 00:16:21,880 Speaker 3: As long as it's in your budget and it's in 344 00:16:21,880 --> 00:16:24,280 Speaker 3: line with your values. I am not here to argue 345 00:16:24,280 --> 00:16:26,960 Speaker 3: with you. My friend will allow it. Yeah, well we'll 346 00:16:27,000 --> 00:16:31,480 Speaker 3: accept that answer, all right. Next question is money, Doris, 347 00:16:31,600 --> 00:16:33,720 Speaker 3: what is your best money habit? 348 00:16:34,640 --> 00:16:37,280 Speaker 5: I think my best money habit I think I have 349 00:16:37,320 --> 00:16:41,560 Speaker 5: two actually, So firstly, I'm super stingy which can also 350 00:16:41,600 --> 00:16:44,400 Speaker 5: be a negative habit sometimes because I'm really stingy even 351 00:16:44,440 --> 00:16:46,960 Speaker 5: when I go overseas on holidays and things like that. 352 00:16:47,080 --> 00:16:50,400 Speaker 5: But it can be good because I'm really thrifty, so 353 00:16:50,560 --> 00:16:53,320 Speaker 5: if there is a bargain, I will hunt it out. 354 00:16:53,360 --> 00:16:55,160 Speaker 5: I'm like a bloodhound for a bargain. 355 00:16:55,640 --> 00:16:56,480 Speaker 3: And I love that. 356 00:16:57,600 --> 00:17:00,560 Speaker 5: I love going off shopping and buying second hand because 357 00:17:00,560 --> 00:17:03,840 Speaker 5: I'm really passionate about living sustainably as well. 358 00:17:04,720 --> 00:17:06,760 Speaker 4: And another money habit. 359 00:17:06,560 --> 00:17:08,640 Speaker 5: That I have that is really positive is I have 360 00:17:08,880 --> 00:17:11,800 Speaker 5: three different bank accounts, and I literally use one as 361 00:17:11,840 --> 00:17:14,000 Speaker 5: a holding bay, and then I just transfer it to 362 00:17:14,040 --> 00:17:17,440 Speaker 5: my other bank accounts or to my investments or wherever 363 00:17:17,520 --> 00:17:20,200 Speaker 5: I need that money to go smart. 364 00:17:20,280 --> 00:17:23,919 Speaker 3: I love that. In comparison, though, we do have to 365 00:17:23,960 --> 00:17:28,159 Speaker 3: ask you the next question, what is your worst money habit? 366 00:17:29,600 --> 00:17:32,280 Speaker 5: So I think sometimes I can get really hung up 367 00:17:32,800 --> 00:17:35,400 Speaker 5: on not spending money, and then I'll spend a lot 368 00:17:35,400 --> 00:17:37,560 Speaker 5: of money in one go, like I'll spend like three 369 00:17:37,640 --> 00:17:40,639 Speaker 5: hundred dollars or something like that, and then I'll be 370 00:17:40,800 --> 00:17:43,080 Speaker 5: really good with not spending money day to day, and 371 00:17:43,080 --> 00:17:45,560 Speaker 5: then I'll have a really big blowout, which is not 372 00:17:46,040 --> 00:17:48,560 Speaker 5: the best. And usually that's on like clothes or a 373 00:17:48,560 --> 00:17:50,840 Speaker 5: discretionary pressure that I don't really need. 374 00:17:51,720 --> 00:17:53,280 Speaker 4: Mm hmmm, all right. 375 00:17:53,480 --> 00:17:56,480 Speaker 3: Next question, Next and final question before we head to 376 00:17:56,600 --> 00:17:59,159 Speaker 3: a break is what grade would you give your money 377 00:17:59,200 --> 00:18:02,320 Speaker 3: habits If we forced you to give yourself a grade. 378 00:18:02,680 --> 00:18:08,160 Speaker 5: I'd probably give myself a bee, just because I. 379 00:18:07,200 --> 00:18:08,160 Speaker 4: Want to work on. 380 00:18:09,640 --> 00:18:13,320 Speaker 5: Some more balance with my money habits, like not having 381 00:18:13,320 --> 00:18:17,119 Speaker 5: those big blowouts sometimes and being able to treat myself 382 00:18:17,160 --> 00:18:19,800 Speaker 5: by being a bit more discretionary about it. But also 383 00:18:19,880 --> 00:18:22,080 Speaker 5: I think I need to be a bit kinder to 384 00:18:22,119 --> 00:18:25,560 Speaker 5: myself just in general and with my money mindset, and 385 00:18:25,640 --> 00:18:29,520 Speaker 5: just change my ideas about spending and money. And I'm 386 00:18:29,640 --> 00:18:32,480 Speaker 5: very much a person that believes that you can always 387 00:18:32,880 --> 00:18:35,400 Speaker 5: grow and improve, Like I'm very much into self help 388 00:18:35,440 --> 00:18:38,080 Speaker 5: books and manifesting and things like that, So I never 389 00:18:38,119 --> 00:18:40,440 Speaker 5: believe that you're at a point where you can't grow 390 00:18:40,480 --> 00:18:43,320 Speaker 5: more or learn more. But I think I'm happy with 391 00:18:43,359 --> 00:18:45,320 Speaker 5: where I am in terms of my money story. But 392 00:18:45,480 --> 00:18:48,440 Speaker 5: I would also like to save lots of more money 393 00:18:48,480 --> 00:18:51,640 Speaker 5: next year and see improvements in different areas. All right, 394 00:18:51,720 --> 00:18:54,320 Speaker 5: money Dose, I have a few questions for you, but 395 00:18:54,480 --> 00:18:57,400 Speaker 5: I'm going to wait until after this shortbreak. 396 00:19:02,440 --> 00:19:05,960 Speaker 2: So moneyitarist. You mentioned in the beginning that you have 397 00:19:06,480 --> 00:19:11,280 Speaker 2: grown up with a great relationship with your family. Obviously 398 00:19:11,320 --> 00:19:16,120 Speaker 2: that's had a really big impact on your financial insight 399 00:19:16,280 --> 00:19:18,879 Speaker 2: and how you feel about money and stuff like that. Like, 400 00:19:18,960 --> 00:19:21,240 Speaker 2: what's your relationship with your family? Like now, are you 401 00:19:21,320 --> 00:19:22,360 Speaker 2: still really close? 402 00:19:23,240 --> 00:19:23,600 Speaker 4: Yes? 403 00:19:23,640 --> 00:19:26,600 Speaker 5: We are, And I think the reason we're so close 404 00:19:26,680 --> 00:19:29,679 Speaker 5: is because all our family are overseas. So it's always 405 00:19:29,680 --> 00:19:32,400 Speaker 5: been the four of us now, the five of. 406 00:19:32,400 --> 00:19:33,199 Speaker 4: Us growing up. 407 00:19:33,600 --> 00:19:37,919 Speaker 5: Yeah, because when I was in high school, my cousin 408 00:19:38,000 --> 00:19:41,160 Speaker 5: actually came and lived with us because her parents weren't 409 00:19:41,160 --> 00:19:42,720 Speaker 5: able to care for her. 410 00:19:43,160 --> 00:19:44,359 Speaker 4: So she has lived with us. 411 00:19:44,520 --> 00:19:46,240 Speaker 5: She came and lived with us when she was ten 412 00:19:46,240 --> 00:19:49,200 Speaker 5: months old and now she, you know, ten years later, 413 00:19:49,400 --> 00:19:50,840 Speaker 5: so she's still living with us. 414 00:19:50,840 --> 00:19:54,080 Speaker 3: Ten months old, so she was like super baby still. 415 00:19:54,880 --> 00:19:57,240 Speaker 5: Yeah, she was just a little baby when she came 416 00:19:57,320 --> 00:20:02,000 Speaker 5: and lived with us, and she was borne oversea. Yeah, 417 00:20:02,080 --> 00:20:06,040 Speaker 5: but she because of some family problems. My cousin does 418 00:20:06,119 --> 00:20:09,760 Speaker 5: have severe or she is on the autism spectrum and 419 00:20:09,800 --> 00:20:13,440 Speaker 5: she has very high functioning autism and she also has ADHD, 420 00:20:14,080 --> 00:20:17,480 Speaker 5: So she attends a special school and we're not really 421 00:20:17,520 --> 00:20:20,560 Speaker 5: sure what's going to happen to her because she's still 422 00:20:20,560 --> 00:20:23,320 Speaker 5: in nabbies and she's not able to care for herself. 423 00:20:23,400 --> 00:20:26,639 Speaker 5: So that's something that we've had to consider, like are 424 00:20:26,680 --> 00:20:28,520 Speaker 5: we going to set up a trust for her or 425 00:20:29,280 --> 00:20:32,040 Speaker 5: how are we going to make sure that she's cared for, 426 00:20:32,200 --> 00:20:35,160 Speaker 5: But also that how can we protect her money from 427 00:20:35,600 --> 00:20:39,240 Speaker 5: other relatives or people who might try to access assets 428 00:20:39,480 --> 00:20:43,720 Speaker 5: and take advantage of her. So that's something that we've considered, 429 00:20:43,760 --> 00:20:49,040 Speaker 5: which is tricky. And my family have also had some 430 00:20:49,160 --> 00:20:53,240 Speaker 5: experience with mental illness that have brought us closer as well, 431 00:20:53,240 --> 00:21:00,720 Speaker 5: because my younger brother he struggled with anorexia, which is 432 00:21:00,760 --> 00:21:03,239 Speaker 5: a type of eating disorder, and he's recovered from that 433 00:21:03,320 --> 00:21:06,399 Speaker 5: now luckily, but it's still ongoing and we're. 434 00:21:06,280 --> 00:21:07,760 Speaker 4: Not really sure. 435 00:21:07,240 --> 00:21:09,920 Speaker 5: He had dropped out of high school because of bullying, 436 00:21:10,000 --> 00:21:12,119 Speaker 5: and we're not really sure if he's going to be 437 00:21:12,119 --> 00:21:14,800 Speaker 5: able to look after himself, and it seems like he 438 00:21:14,920 --> 00:21:17,200 Speaker 5: might have to live with me one day, So that's 439 00:21:17,320 --> 00:21:20,920 Speaker 5: kind of it could be a heavy burden to carry sometimes, 440 00:21:21,000 --> 00:21:23,040 Speaker 5: like knowing that I'm the only one in my family 441 00:21:23,080 --> 00:21:26,600 Speaker 5: who might be able to attend university or might be 442 00:21:26,640 --> 00:21:27,840 Speaker 5: able to work. 443 00:21:27,880 --> 00:21:31,840 Speaker 2: But also the mental load of caring for someone And 444 00:21:32,680 --> 00:21:35,240 Speaker 2: I know you use the word burden and it's kind 445 00:21:35,280 --> 00:21:37,879 Speaker 2: of like you're not allowed to say that, but caring 446 00:21:37,920 --> 00:21:41,600 Speaker 2: for family is really really intense. I've been through it, 447 00:21:41,960 --> 00:21:44,600 Speaker 2: and it's something that no amount of money in the 448 00:21:44,600 --> 00:21:47,119 Speaker 2: world can actually make that easier, because it's just the 449 00:21:47,760 --> 00:21:52,280 Speaker 2: mental commitment to caring for somebody else. And I guess, like, 450 00:21:52,560 --> 00:21:55,480 Speaker 2: as you acknowledge, you know, you grew up quite privileged, 451 00:21:55,840 --> 00:21:58,639 Speaker 2: but do you feel like that was quite confronting then 452 00:21:58,720 --> 00:22:01,160 Speaker 2: to kind of deal with like, oh, wow, like it's 453 00:22:01,280 --> 00:22:04,040 Speaker 2: not everything's easy, like and I'm not trying to call 454 00:22:04,080 --> 00:22:06,400 Speaker 2: you out at all, it's more just like that would 455 00:22:06,400 --> 00:22:09,359 Speaker 2: have just been so crazy to kind of think about 456 00:22:09,359 --> 00:22:11,640 Speaker 2: and comprehend at such a young age as well. 457 00:22:12,359 --> 00:22:15,760 Speaker 5: Yeah, definitely, And I think it really shaped my young 458 00:22:15,800 --> 00:22:19,000 Speaker 5: adult life and helped who I've grown into because I 459 00:22:19,119 --> 00:22:23,480 Speaker 5: realized that unless you have known disability personally, you don't 460 00:22:23,480 --> 00:22:27,840 Speaker 5: really understand what it's like. And you don't Yeah, and 461 00:22:28,000 --> 00:22:31,000 Speaker 5: I had no idea what it meant to be on 462 00:22:31,000 --> 00:22:33,639 Speaker 5: the autism inspectrum or to have a family member with 463 00:22:33,680 --> 00:22:37,080 Speaker 5: a disability before all of the experiences that my family 464 00:22:37,160 --> 00:22:40,280 Speaker 5: went through, and now that I do It's really opened 465 00:22:40,280 --> 00:22:40,840 Speaker 5: my eyes. 466 00:22:40,920 --> 00:22:42,399 Speaker 4: And you know, there. 467 00:22:42,240 --> 00:22:44,479 Speaker 5: Are supports out there, like on the end ayes and 468 00:22:44,520 --> 00:22:46,480 Speaker 5: things like that, but a lot of people slip through 469 00:22:46,480 --> 00:22:49,560 Speaker 5: the cracks because they don't have that support network, or 470 00:22:49,600 --> 00:22:52,919 Speaker 5: they don't have the financial ability to support themselves, or 471 00:22:52,920 --> 00:22:55,440 Speaker 5: they are taking advantage of by family members. 472 00:22:55,880 --> 00:22:58,359 Speaker 3: Wow, that is so true. And I don't mean to 473 00:22:58,480 --> 00:23:02,159 Speaker 3: like I guess stereotote, but as somebody who, as you 474 00:23:02,200 --> 00:23:06,560 Speaker 3: said before, really privileged upbringing, like quite a high income family, 475 00:23:07,000 --> 00:23:09,360 Speaker 3: I think from the outside looking and you'll be like, oh, 476 00:23:09,359 --> 00:23:11,800 Speaker 3: they're so lucky. They've got, you know, everything that they 477 00:23:11,840 --> 00:23:14,320 Speaker 3: could need. And it's like, well, every family has issues, 478 00:23:14,359 --> 00:23:17,959 Speaker 3: every family's got something going on, Like it's not always 479 00:23:17,960 --> 00:23:21,399 Speaker 3: as shiny as what the outside makes it seem. Is 480 00:23:21,440 --> 00:23:24,000 Speaker 3: that something that you found a lot of people just assume, 481 00:23:24,080 --> 00:23:26,679 Speaker 3: all right, well, you know money, Diarist has got it easy. 482 00:23:27,760 --> 00:23:28,679 Speaker 4: Yeah, definitely. 483 00:23:28,760 --> 00:23:32,960 Speaker 5: And I find sometimes even some friends make assumptions about 484 00:23:33,000 --> 00:23:37,000 Speaker 5: my family because they know that we're wealthy or that 485 00:23:37,040 --> 00:23:40,600 Speaker 5: we're well off, and it can be quite embarrassing sometimes 486 00:23:40,640 --> 00:23:43,240 Speaker 5: to tell people, or I felt quite ashamed of the 487 00:23:43,280 --> 00:23:45,960 Speaker 5: fact that we have a lot of money, because people 488 00:23:46,000 --> 00:23:48,800 Speaker 5: do make assumptions, even though I know that my parents 489 00:23:48,800 --> 00:23:51,760 Speaker 5: have worked really hard to get where they are and 490 00:23:52,040 --> 00:23:54,919 Speaker 5: they came from a place where they didn't have much money, 491 00:23:55,400 --> 00:23:58,120 Speaker 5: but it can there is still a lot of stigma 492 00:23:58,280 --> 00:24:00,520 Speaker 5: around people who do have a lot of money or 493 00:24:00,600 --> 00:24:01,800 Speaker 5: high income earners. 494 00:24:02,520 --> 00:24:05,040 Speaker 3: That sucks, and I'm so sorry that you've been through 495 00:24:05,080 --> 00:24:08,720 Speaker 3: that experience because it's also one of those factors that's 496 00:24:08,760 --> 00:24:11,800 Speaker 3: actually completely beyond your control. Like at the end of 497 00:24:11,840 --> 00:24:13,880 Speaker 3: the day, if I could pick whether I came from 498 00:24:13,920 --> 00:24:16,359 Speaker 3: a wealthy family or not, I'd prefer to have a 499 00:24:16,359 --> 00:24:19,160 Speaker 3: more wealthy family than not. But it's not a decision 500 00:24:19,200 --> 00:24:22,560 Speaker 3: that you made. It's the situation that was just dealt 501 00:24:22,600 --> 00:24:25,480 Speaker 3: to you and you've dealt with and you know, again, 502 00:24:25,600 --> 00:24:28,440 Speaker 3: as you said before, it's privileged, but it's not one 503 00:24:28,440 --> 00:24:30,399 Speaker 3: of those things that was a choice. It was because 504 00:24:30,440 --> 00:24:32,840 Speaker 3: your parents worked so hard and did those things. And 505 00:24:33,200 --> 00:24:35,760 Speaker 3: it kind of upsets me to think that in you know, 506 00:24:35,840 --> 00:24:37,879 Speaker 3: in twenty twenty one, and I'm sure this has happened 507 00:24:37,920 --> 00:24:41,399 Speaker 3: way before then too, people are still judging you based 508 00:24:41,440 --> 00:24:44,919 Speaker 3: on the situation that was beyond your control, Like, regardless 509 00:24:44,960 --> 00:24:48,160 Speaker 3: of whether that is wealth or on the opposite side 510 00:24:48,160 --> 00:24:51,800 Speaker 3: of the scale poverty, Like, how often do we stereotype 511 00:24:51,800 --> 00:24:54,280 Speaker 3: and categorize people who come from families who don't have 512 00:24:54,400 --> 00:24:57,639 Speaker 3: money as maybe not being as worthy or not being 513 00:24:57,880 --> 00:25:00,240 Speaker 3: as anything as anybody else, And it's not true, true, 514 00:25:00,600 --> 00:25:02,880 Speaker 3: Like we are all our own people, and we all 515 00:25:02,920 --> 00:25:05,600 Speaker 3: go through different things, and we all have to work hard. 516 00:25:05,760 --> 00:25:08,880 Speaker 3: Like our money diris, it's not easy to go to UNI. 517 00:25:09,040 --> 00:25:11,880 Speaker 3: Still have to do the same work that everybody else does. 518 00:25:11,960 --> 00:25:14,200 Speaker 2: And you're working full time at the same time as well, 519 00:25:14,240 --> 00:25:17,280 Speaker 2: you know, like you're working at bum off exactly. 520 00:25:17,480 --> 00:25:19,760 Speaker 3: So it's not something that our money dice is, like, 521 00:25:19,800 --> 00:25:21,480 Speaker 3: do you know what, I'm from a really wealthy family. 522 00:25:21,480 --> 00:25:23,440 Speaker 3: I'm going to go to UNI. I'm not going to work. 523 00:25:23,520 --> 00:25:25,280 Speaker 3: I'm just going to you know, just do things that 524 00:25:25,359 --> 00:25:28,480 Speaker 3: I love, which would be really warranted if that's what 525 00:25:28,520 --> 00:25:31,240 Speaker 3: you wanted to do. But you're really working hard, and 526 00:25:31,280 --> 00:25:34,960 Speaker 3: I think that's something that you know, obviously grand assumption here, 527 00:25:35,200 --> 00:25:37,520 Speaker 3: your parents have taught you a lot about work ethic 528 00:25:37,560 --> 00:25:39,320 Speaker 3: as well, which I really really love. 529 00:25:40,160 --> 00:25:43,080 Speaker 5: Yeah, absolutely, And I think there's a really important piece 530 00:25:43,119 --> 00:25:45,480 Speaker 5: to be said here about the fact that if you 531 00:25:45,560 --> 00:25:48,720 Speaker 5: want to be a high income earner, Yes, there is 532 00:25:48,840 --> 00:25:51,800 Speaker 5: systemic blockages and the way to prevent some people from 533 00:25:51,800 --> 00:25:54,440 Speaker 5: ever getting there. But if you do want to get there, 534 00:25:54,880 --> 00:25:56,879 Speaker 5: you have to be prepared to work hard and to 535 00:25:56,920 --> 00:26:00,399 Speaker 5: make sacrifices. And in my family, I've seen, you know, 536 00:26:00,440 --> 00:26:04,440 Speaker 5: my parents work incredibly hard, and sometimes my dad will 537 00:26:04,440 --> 00:26:07,680 Speaker 5: be at work all weekend and he sacrifices family time 538 00:26:07,760 --> 00:26:10,480 Speaker 5: so that he can do his job really well. And 539 00:26:10,760 --> 00:26:14,679 Speaker 5: that's a choice that he makes because his career is 540 00:26:14,720 --> 00:26:18,320 Speaker 5: something that he always really wanted to prioritize. And even 541 00:26:18,359 --> 00:26:20,760 Speaker 5: within my family, like we moved to a new city 542 00:26:20,800 --> 00:26:23,800 Speaker 5: every six or seven years because that's where the work was. 543 00:26:23,880 --> 00:26:26,320 Speaker 5: Because the higher up you get, the more competitive it 544 00:26:26,359 --> 00:26:28,160 Speaker 5: is and the less opportunities they are. 545 00:26:28,720 --> 00:26:29,960 Speaker 4: So I'm not saying. 546 00:26:29,680 --> 00:26:32,720 Speaker 5: That it's easy for everyone to become a high income earner, 547 00:26:32,800 --> 00:26:35,320 Speaker 5: but it's not easy to be on the top either, 548 00:26:35,400 --> 00:26:36,760 Speaker 5: and there is a lot of hard. 549 00:26:36,640 --> 00:26:38,480 Speaker 4: Work that you have to put in to get there. 550 00:26:39,440 --> 00:26:44,760 Speaker 2: Yeah, of course, I have one last question, what are 551 00:26:44,800 --> 00:26:47,960 Speaker 2: you most excited about? Because it sounds like you've got 552 00:26:48,000 --> 00:26:50,480 Speaker 2: lots of things on the go, Like you're at UNI, 553 00:26:50,760 --> 00:26:54,520 Speaker 2: you're working really hard, You've obviously got like your own 554 00:26:54,720 --> 00:26:57,680 Speaker 2: family commitments and things like that. But what are you 555 00:26:57,880 --> 00:27:00,359 Speaker 2: most excited about in your life that's to come. 556 00:27:01,480 --> 00:27:05,280 Speaker 5: For me, I'm really excited to finally graduate UNI and 557 00:27:05,440 --> 00:27:08,160 Speaker 5: settle into a new stage of my life because I've 558 00:27:08,160 --> 00:27:10,520 Speaker 5: been at UNI for five years now and I'm really 559 00:27:10,560 --> 00:27:13,920 Speaker 5: grateful for that opportunity. I've changed so much in that time. 560 00:27:14,000 --> 00:27:17,119 Speaker 5: I've learned so much about myself. But I'm really ready 561 00:27:17,160 --> 00:27:19,480 Speaker 5: to graduate now, like I'm ready to settle into my 562 00:27:19,520 --> 00:27:23,119 Speaker 5: career and live with my partner again and start saving 563 00:27:23,240 --> 00:27:25,639 Speaker 5: for a house. Like I'm ready to just put university 564 00:27:25,680 --> 00:27:26,159 Speaker 5: behind me. 565 00:27:27,000 --> 00:27:29,520 Speaker 2: How exciting. Well, I feel like that's a really good 566 00:27:29,560 --> 00:27:32,560 Speaker 2: place to leave it. But we really appreciate you sharing 567 00:27:32,560 --> 00:27:34,719 Speaker 2: your story with us, and it was such a pleasure 568 00:27:34,760 --> 00:27:35,679 Speaker 2: to chat to you today. 569 00:27:36,359 --> 00:27:37,920 Speaker 4: Thank you so much for having me on the show. 570 00:27:37,960 --> 00:27:39,000 Speaker 4: It was great to talk to you. 571 00:27:39,080 --> 00:27:41,280 Speaker 3: Thank you so much again for sharing your money diary 572 00:27:41,359 --> 00:27:44,200 Speaker 3: with us. Honestly, I feel like every single time Tony 573 00:27:44,200 --> 00:27:47,199 Speaker 3: we do a money diary, I learn so much. But 574 00:27:47,400 --> 00:27:50,000 Speaker 3: as always, just before we head off, we'd like to 575 00:27:50,080 --> 00:27:54,080 Speaker 3: acknowledge and pay respect to Australia's aboriginal and tourist rate 576 00:27:54,119 --> 00:27:57,959 Speaker 3: islander peoples. They're the traditional custodians of the lands, the 577 00:27:58,000 --> 00:28:02,080 Speaker 3: waterways and the skies, all Australia. We thank you for 578 00:28:02,160 --> 00:28:04,399 Speaker 3: sharing and for caring for the land on which we 579 00:28:04,440 --> 00:28:07,199 Speaker 3: are able to learn. We pay our respects to elders 580 00:28:07,200 --> 00:28:10,920 Speaker 3: past at present, and we share our friendship and our kindness. 581 00:28:11,480 --> 00:28:14,120 Speaker 2: The advice shared on She's on the Money is generally 582 00:28:14,200 --> 00:28:17,840 Speaker 2: nature and does not consider your individual circumstances. She's on 583 00:28:17,880 --> 00:28:21,080 Speaker 2: the Money exists purely for educational purposes and should not 584 00:28:21,119 --> 00:28:24,440 Speaker 2: be relied upon to make an investment or any financial decision. 585 00:28:24,840 --> 00:28:27,800 Speaker 2: And we promise as always that Victoria Divine is an 586 00:28:27,840 --> 00:28:32,760 Speaker 2: authorized representative of Australia Pacific Funds Management Proprietary Limited ABM 587 00:28:32,840 --> 00:28:35,480 Speaker 2: three four one three two four six three two five 588 00:28:35,560 --> 00:28:38,640 Speaker 2: seven AFSL three three nine one five one See you 589 00:28:38,720 --> 00:28:39,800 Speaker 2: next week, guys. 590 00:28:40,000 --> 00:28:40,240 Speaker 4: Bye,