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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money, She's on the Money.

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Speaker 2: Hello, and welcome to She's on the Money the podcast

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Speaker 2: and millennials who want financial freedom. Welcome back to my

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Speaker 2: favorite episode of the week, money Diaries, where I get

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Speaker 2: the opportunity to talk to one of our incredible She's

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Speaker 2: on the Money community members all about their money story.

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Speaker 2: So let's jump straight into it, because this week I

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Speaker 2: got a message and it went like this. Hi Victoria,

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Speaker 2: I'm a first time mum with an eight month old

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Speaker 2: that works full time in the events industry. I've overcome

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Speaker 2: huge spending guilt inherited from my parents' complex relationship with money.

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Speaker 2: Mum was super savings conscious due to some trauma around

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Speaker 2: undisclosed debt of my dad's when they got married, But

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Speaker 2: my husband and I are super open and on the

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Speaker 2: same page when it comes to money. I've just started

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Speaker 2: my wedding celebrant business, and I know how much you

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Speaker 2: love a good wedding chat too, Money Diarist, welcome to

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Speaker 2: the show. You are not wrong. I would love to

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Speaker 2: talk more about weddings and money stories, two of my

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Speaker 2: favorite topics of this year.

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Speaker 4: Yay, hello, Thank you so much for having me.

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Speaker 2: Oh my gosh, I'm so excited. You are not wrong.

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Speaker 2: I feel like anyone who's recently been married or is

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Speaker 2: soon to be married, like I just can't get enough

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Speaker 2: of this wedding conversation. Like it's literally my favorite. If

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Speaker 2: I was allowed and could financially afford to have another wedding,

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Speaker 2: I think I would like best day in the entire world.

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Speaker 5: Absolutely, I would probably agree. There's lots of things I'd

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Speaker 5: change and do differently. And yeah, working in the space

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Speaker 5: now it just makes me want to do it again.

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Speaker 4: A love.

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Speaker 2: All right, Well, let's talk about money, because I'm so

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Speaker 2: excited and I'm sure that a lot of wedding conversation

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Speaker 2: will come up before we jump into the big conversation,

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Speaker 2: I want to know what grade would you give your

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Speaker 2: money habits on a scale from A through to F.

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Speaker 4: I would probably say be minus.

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Speaker 2: All right, I'm not going to ask too much about that.

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Speaker 2: Let's get into the questions and we'll see where this goes.

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Speaker 2: My favorite question, though, is up first, I want to know,

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Speaker 2: can you tell us a little bit more about your

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Speaker 2: money story?

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Speaker 5: Absolutely so, It's yeah, great to hear it back. It's

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Speaker 5: like listening to somebody else's story, not my own.

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Speaker 2: It's a bit weird, isn't it. Everyone says that I said,

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Speaker 2: Oh my gosh, my story sounds so good when you

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Speaker 2: read it back.

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Speaker 4: Yeah, Like that's me. So yeah. Definitely have always been a.

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Speaker 5: Big saver, which I was always praised for as a child,

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Speaker 5: which is great, but I think it almost made me

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Speaker 5: feel like I could never spend money, Like I took

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Speaker 5: that to the extreme, almost took that on as my identity,

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Speaker 5: and if I sort of spent money or wanted to

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Speaker 5: buy something, I always had guilt around that. So I

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Speaker 5: remember vividly receiving money for birthday gifts when I was

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Speaker 5: about eight years old and not wanting to spend a

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Speaker 5: single cent of it. My mindset was very much like

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Speaker 5: I need to save everything and spending is bad, So

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Speaker 5: it's very black and white. Yeah, I didn't learn much

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Speaker 5: about it's okay to like spend x amount of what

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Speaker 5: I received specifically for a birthday present. When it's you know,

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Speaker 5: you're eight years old.

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Speaker 4: I feel like you shouldn't really be thinking like that necessarily.

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Speaker 5: But yeah, I definitely took it on as my identity

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Speaker 5: and was praised for it, so I thought, well, this

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Speaker 5: is the thing to do to save every cent.

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Speaker 2: It can't be that bad. And I mean it's funny

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Speaker 2: because it goes both ways, right, Like if you're praised

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Speaker 2: for something, you're just going to do more of it

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Speaker 2: because you're like, oh, this is what validates me, I'm

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Speaker 2: going to go down this route. And absolutely it makes

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Speaker 2: a lot of sense. How did that manifest as you

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Speaker 2: got older? Like, and now you've obviously got a partner

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Speaker 2: and like you're managing joint finances, Like was that something

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Speaker 2: that caused a lot of friction in your relationship initially?

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Speaker 4: Yes? It did.

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Speaker 5: So my husband is much more of a spender than

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Speaker 5: I am and it did kind of freak me out.

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Speaker 4: Initially, I was like, oh my gosh, like you spend

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Speaker 4: so much money.

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Speaker 5: For example, I have the same car from when I

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Speaker 5: was seventeen. I've had the same car forever, my little

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Speaker 5: twirty yars two thousand and eight.

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Speaker 2: If it ain't broke, does exactly, it's my car's from

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Speaker 2: two thousand and six. I stand this exactly. Good luck

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Speaker 2: crying that out of my cold.

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Speaker 4: Hands, like I don't need it.

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Speaker 5: You know, it works, It gets me from A to

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Speaker 5: B and it's an amazing little thing. But yeah, my

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Speaker 5: husband has had about twelve cars in his lifetime. He's

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Speaker 5: only four years older than me. So yes, that that

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Speaker 5: went away went out the window when we were together.

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Speaker 5: But I feel like we've kind of balanced each other

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Speaker 5: out in a really funny way. So our communication is

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Speaker 5: really strong in terms of you know, before we decided

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Speaker 5: to get serious, we had those conversations, and I know

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Speaker 5: that's really important before getting into a relationship.

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Speaker 4: And I think, because I was so.

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Speaker 5: Money focused to the extreme, having those conversations with a

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Speaker 5: potential future partner is really important to me. And I think, yeah,

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Speaker 5: as time has gone on, we've been able to sort

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Speaker 5: of balance each other out really well, where I've been

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Speaker 5: able to know that spending is not as you know,

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Speaker 5: you have money and it's a good thing. Like you,

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Speaker 5: it's there to be spent on the things that you

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Speaker 5: need and it's okay to spend money, Whereas he's learned

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Speaker 5: to budget better and you know, only you know, be

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Speaker 5: able to save for things rather than.

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Speaker 4: Like a paycheck comes in and then spend immediately.

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Speaker 5: So I think we've really balanced each other out in

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Speaker 5: that way, which is a good thing, and it's something

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Speaker 5: that we continue to work on every day.

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Speaker 4: But I think we've got to a good point with that.

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Speaker 2: You were right that you were like, we balance each

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Speaker 2: other out like that makes sense now, yes, absolutely makes

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Speaker 2: so much sense. I love it all right. I want

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Speaker 2: to know the pervy stuff. Now tell me what do

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Speaker 2: you do for it? How much money do you earn?

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Speaker 5: So I work in the events industry for a government

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Speaker 5: organization full time. I earn at K before tax At

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Speaker 5: the moment, I'm working part time though, about.

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Speaker 4: Twenty two hours a week.

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Speaker 2: Just pro rada yes, correct, yeah, pro rada yeah, col

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Speaker 2: rata how good? And do you have you mentioned before?

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Speaker 2: You've just started your wedding celebrant business. Tell me about that.

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Speaker 2: Is that an earner yet or is that just a startup?

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Speaker 2: I want to know more.

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Speaker 5: Yes, so it is an earner. I'm actually really surprised

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Speaker 5: at how well it's been doing. So I've been making

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Speaker 5: bookings for six months and I've just done my tenth

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Speaker 5: wedding on the weekend.

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Speaker 4: So it's oh my gosh, congrat thank you.

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Speaker 2: You're in double digits now, I know.

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Speaker 5: Very exciting and yeah, starting to get more comfortable with

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Speaker 5: the process.

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Speaker 4: Every wedding's different.

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Speaker 5: It's a lot of fun and as of Yeah, once

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Speaker 5: the end of financial year hits.

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Speaker 4: I will have received you've thirty thousand in that business.

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Speaker 2: So yeah, for how good? And you nearly almost didn't

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Speaker 2: tell me that. Yes, what are you doing? Yes, I'm obsessed?

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Speaker 2: How good? And is that something you mentioned before obviously

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Speaker 2: in your letter in you said I'm a first time

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Speaker 2: mum with an eight month old and you've got like

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Speaker 2: a husband. Is that something that you want to take

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Speaker 2: full time? Is this, you know, just to bring in

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Speaker 2: some more cash or like what prompted you to get

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Speaker 2: into a side hustle like this?

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Speaker 5: Yes, I decided to do everything all at once, have

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Speaker 5: a baby, work and start a business.

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Speaker 2: How to go home baby.

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Speaker 4: Yep.

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Speaker 5: So that's been I've actually been really enjoying it. It's just

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Speaker 5: juggling all the things. So when I was planning my

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Speaker 5: own wedding two years ago, I didn't know that a

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Speaker 5: celebrant was a thing. I'd only ever been to like

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Speaker 5: church weddings and things, and I really wanted it to

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Speaker 5: be like like a fun like party, kind of setting

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Speaker 5: the tone for the reception. I didn't even know if

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Speaker 5: that existed, and so when I was looking for young

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Speaker 5: females that are celebrants, I was shocked to discover that

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Speaker 5: they do exist. And Yeah, I just had such a

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Speaker 5: great relationship with my own celebrant, and.

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Speaker 4: I kind of dawned on me.

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Speaker 5: I'd always wanted to start a business, but I didn't

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Speaker 5: know what I wanted to do, which always kind of

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Speaker 5: was the stop sign for me. I was like, I

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Speaker 5: don't know what I want to do. I know I

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Speaker 5: want to do something, but I have no idea what

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Speaker 5: that is. So when I had such a great relationship

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Speaker 5: with my celebrant and sort of went through the process

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Speaker 5: with her, I was like, Oh, I wonder if I

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Speaker 5: could do this. This is pretty cool. Like even though

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Speaker 5: I was pretty nervous for this, today I am comfortable speaking.

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Speaker 4: In public and I love to know, you know, the

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Speaker 4: pervy things of like how people met and all of

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Speaker 4: those things.

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Speaker 5: So yeah, I just sort of decided to go ahead

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Speaker 5: and jump right into it, say.

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Speaker 2: Yeah, I would love that job. Literally, I feel like

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Speaker 2: that would be so fun. Like you, I'm relatively comfortable

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Speaker 2: public speaking, but I also I just love love, like

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Speaker 2: I love seeing other people in love. I love talking

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Speaker 2: about it. I want to know how you met. I

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Speaker 2: want to know like your favorite things about your partner.

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Speaker 2: I want to know all of those pervy things. So

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Speaker 2: I think that that is right up my alley. And

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Speaker 2: you're right celebrant honestly not to be too dramatic and

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Speaker 2: makes or breaks the ceremony. And like we were so particular.

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Speaker 2: We got married in November last year, and I was

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Speaker 2: so particular about picking somebody that worked really well, and

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Speaker 2: my husband was exactly the same, and we landed on Megan,

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Speaker 2: who I'm still obsessed with, Like I still follow her content,

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Speaker 2: I still interact with her. I love her like she

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Speaker 2: just became such a good you know, part of the

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Speaker 2: wedding and we actually invited her to m see the

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Speaker 2: rest of the wedding because I was like, I don't

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Speaker 2: want that to fall on somebody else, and like, her

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Speaker 2: vibe was just so good and I just knew she'd

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Speaker 2: kill it that. I was like, I know you probably

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Speaker 2: don't usually do this, but would you do this? And

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Speaker 2: she's like, yeah, you're right, I don't, but let's do it.

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Speaker 2: And so she did, and it was like the best

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Speaker 2: thing ever. I could not recommend her, you know, more highly,

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Speaker 2: because she just made me calm, made my husband calm

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Speaker 2: and like and just did it in a way that

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Speaker 2: was so us because we're not traditional and we're not

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Speaker 2: that type of you know couple that wanted a church wedding,

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Speaker 2: and I mean there were things that I wanted in

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Speaker 2: the ceremony that made sense to me, Like I was like, okay,

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Speaker 2: we need an acknowledgment of country, Like that just makes sense.

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Speaker 2: We're getting married, he we're having an event. And she

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Speaker 2: was just all over it and made it so easy

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Speaker 2: and just it was so beautiful. So I was obsessed anyway.

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Speaker 2: I could talk about weddings all day, but that is

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Speaker 2: not why we are here. I want to know what

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Speaker 2: are you working towards. Obviously, you're killing it as a

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Speaker 2: mum of an eight month old, side hustle bringing in

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Speaker 2: thirty grand. You're on fifty in your quote full time job.

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Speaker 2: What's your big money goal? What are we working towards together?

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Speaker 5: So we have a mortgage at the moment, so I

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Speaker 5: think that's the main money goal, or that was the

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Speaker 5: really main money goal for a really long time, was

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Speaker 5: to buy a house, which we've done. Don't recommend moving

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Speaker 5: house when you're eight months pregnant, but that's.

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Speaker 4: What we decided to do.

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Speaker 2: Sounds terrible, Yeah, don't do it.

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Speaker 5: But big money goal would be probably to pay off

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Speaker 5: the mortgage. And as I was thinking about this question

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Speaker 5: a little bit more, I feel like that's a very big,

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Speaker 5: long term goal and I should probably think.

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Speaker 4: More about a big goal. But that's not that big.

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Speaker 5: Just to kind of tourne it down a little bit,

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Speaker 5: something that I do want to do is invest a

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Speaker 5: little bit more. That's something that now that we do

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Speaker 5: have the mortgage and we paid for the deposit, I'm

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Speaker 5: keen to get my teeth stuck into a bit more investing.

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Speaker 2: So yes, I love that. I want to know more

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Speaker 2: about it, though, what would it mean to pay off

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Speaker 2: your mortgage. So what does that currently look like? And

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Speaker 2: like what would paying off your mortgage get you apart

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Speaker 2: from owning a house outright.

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Speaker 5: I think the financial pressure probably of like you know,

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Speaker 5: currently everyone's talking about the interest rates and all of

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Speaker 5: those things, just the pressure around that. I'd love to

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Speaker 5: be in a position potentially with my business or you

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Speaker 5: know what. I'm sort of building up towards to be

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Speaker 5: in a position where, yeah, the mortgage wasn't such a big.

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Speaker 4: Thing or like a stressful thing. I like that.

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Speaker 2: I feel like so many times I talk to people

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Speaker 2: and they say, we just want to pay off the mortgage.

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Speaker 2: I didn't go yeah, why, They're like, oh, so we

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Speaker 2: can own a house outright, And I'm like, yes, but

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Speaker 2: like let's think about why we might want that and

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Speaker 2: what that means. And I feel like diving a little

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Speaker 2: bit deeper into what you said before you were like

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Speaker 2: taking off the pressure and you know, maybe investing. I

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Speaker 2: think that right now is probably a very big season

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Speaker 2: in your life. You've had a baby, you've probably taken

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Speaker 2: some significant time off, There's a lot going on where

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Speaker 2: financial pressure would probably be really loud in your life.

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Speaker 2: So I feel like it's a good goal. I really

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Speaker 2: like it. But you're right. I think having smaller goals

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Speaker 2: along the way so that we're enjoying the journey is

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Speaker 2: also very recommended. Before we continue our chat, though, let's

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Speaker 2: go to a really quick break because on the flip side,

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Speaker 2: I want to talk about investments and debt, how much

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Speaker 2: that mortgage actually is, and your best and your worst

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Speaker 2: money habits, So guys, do not go anywhere. All right,

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Speaker 2: money Diaris, We are back, and I want to know

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Speaker 2: you mentioned before you have a mortgage, which can be

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Speaker 2: an investment, but do you currently have any investments? If so,

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Speaker 2: what are they?

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Speaker 5: Yes, so I have amount five thousand in ETFs.

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Speaker 2: Current That's a big amount. What are you talking about?

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Speaker 4: Yeah, I suppose it is. It is. It's a big amount.

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Speaker 2: She's chunky like that's good.

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Speaker 4: Yeah, yeah, I think it's. Yeah, it's that mindset thing.

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Speaker 5: Definitely. You'll probably see the theme of that mindset of

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Speaker 5: that money guilt. It definitely still yeah pops its head

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Speaker 5: up every now and then.

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Speaker 2: So how did you decide that that was the right

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Speaker 2: I guess asset class for you and get started on

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Speaker 2: your journey? Like what did that mean? And how did it.

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Speaker 5: Work absolutely, So I started using spaceship first. I was

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Speaker 5: on there for a little bit, which I think helped

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Speaker 5: my confidence with investing. I was really hesitant initially because

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Speaker 5: I didn't know very much about it.

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Speaker 4: I didn't grow up learning about it.

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Speaker 5: But after listening to Shoes on the Money, I started

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Speaker 5: to get a little bit more confident about, Oh, like.

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Speaker 4: Investing can be really cool.

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Speaker 5: Yeah, opportunity to have my money work for me rather

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Speaker 5: than just sitting in my savings camp. So yeah, I

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Speaker 5: started playing on there initially and then got my confidence up.

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Speaker 5: I'm quite risk, so I thought an ETF instead of

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Speaker 5: doing into like one specific company for example, would be

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Speaker 5: the next logical step for me personally. So yeah, I

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Speaker 5: had to look into some ETFs and chat with my

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Speaker 5: husband as well about you know, what he wanted to

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Speaker 5: do and all of that. So this is sort of

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Speaker 5: a joint thing that we're doing together at the moment.

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Speaker 5: So yeah, five thousand felt safe for me to start with.

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Speaker 4: And yeah good. Yeah, So it's been good.

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Speaker 5: I've I've had a really positive experience with it and

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Speaker 5: looking forward to doing more of it now that we've

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Speaker 5: bought our first house.

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Speaker 2: So love, I want to know more about that though

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Speaker 2: you said you picked an ETF. In our community, there

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Speaker 2: are always lots of questions about how do I pick

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Speaker 2: the right ETF for me? What process did you follow? Like,

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Speaker 2: how did you want? You obviously decided and ETF makes sense? Great?

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Speaker 2: How did you pick which one made sense for you?

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Speaker 4: Yes? Great question.

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Speaker 5: So I tracked how an ETF had been doing for

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Speaker 5: like the course of its life, I suppose, so for

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Speaker 5: five years. I sort of had a look how it

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Speaker 5: was going, which really comforted me to know, these things

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Speaker 5: go up and down and it's okay. That's the way

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Speaker 5: that things happen. It's going to be that way and

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Speaker 5: it's fine. And something that you've said that really helps

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Speaker 5: me is not to look at it every day, for example,

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Speaker 5: and be like.

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Speaker 4: Oh my gosh, like it's lower, I've lost.

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Speaker 5: X amount of money, but to know, okay, I've popped

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Speaker 5: five thousand in there and that's what it is.

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Speaker 4: But you know it's going to fluctuate and that's okay.

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Speaker 5: But in picking the one that I did, I did

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Speaker 5: a lot of research about to be completely transparent, I

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Speaker 5: feel like I still have so much to learn.

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Speaker 2: No, we're not expecting that at all. I just want

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Speaker 2: to know one of our community members journeys because it

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Speaker 2: is so challenging to pick and I feel like we

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Speaker 2: all get analysis paralysis. And the more I can hear

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Speaker 2: how you picked it as somebody in our community that's

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Speaker 2: not a financial advisor, how did you do that? Because

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Speaker 2: lots of people are going to listen to this and

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Speaker 2: be like, yeah, I felt this too, or yeah, I'm overwhelmed.

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Speaker 2: Oor oh my gosh, I've been looking at that one.

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Speaker 2: Maybe I'll have another look at it. So I think

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Speaker 2: it's it's important.

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Speaker 4: Absolutely, yes.

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Speaker 5: So I was looking at a few different ETFs on

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Speaker 5: self wealth so that you can see like the graph

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Speaker 5: of everything, and this one felt like the safest option.

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Speaker 5: So don't very much about it, but it felt like

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Speaker 5: a safe option and I've been happy with it so far.

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Speaker 4: So yeah, that's how I picked.

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Speaker 2: How good? No, I love hearing more about that. It's

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Speaker 2: literally my favorite to be super pervibi but how but

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Speaker 2: how where It's just I feel like we learn so

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Speaker 2: much as a community through shared experiences and it doesn't

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Speaker 2: matter how many podcasts I do on what an ETF

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Speaker 2: is and what might be the top performing ones and

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Speaker 2: why you'd pick one and what fees look like I

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Speaker 2: feel like so many times, the feedback we get from

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Speaker 2: our community is they learn the most from shared experiences,

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Speaker 2: which I totally understand. But that's why I'm always like, hey,

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Speaker 2: tell me, tell me. We need to know. I want

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Speaker 2: to know. Now though, you mentioned a mortgage, So the

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Speaker 2: answer is, yes, you do have debt. Yes, what are

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Speaker 2: your debt levels?

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Speaker 1: Like?

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Speaker 2: What do they look like?

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Speaker 4: Sure?

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Speaker 5: So the mortgage that we have at the moment I

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Speaker 5: checked is five hundred and eighty seven thousand, so quite

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Speaker 5: a big call.

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Speaker 2: What did you purchase your property for? We need to know.

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Speaker 5: Yes, we purchased the property for seven hundred and one

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Speaker 5: thousand dollars.

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Speaker 2: Oh go good. Why won seven hundred and one? Where

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Speaker 2: did that come from? Did you get in a bidding

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Speaker 2: war with someone in an opho?

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Speaker 4: It's actually a funny story.

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Speaker 5: So my husband the range was seven hundred to seven seventy.

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Speaker 5: My husband offered six eighty five. They said, no, they

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Speaker 5: have another offer. The highest offer that they had was

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Speaker 5: six nine nine, seven fifty. So he said seven hundred

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Speaker 5: and then they said no, it needs to be higher,

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Speaker 5: and he said seven hundred.

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Speaker 4: And one, and they accepted it. They did, they did,

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Speaker 4: They did how good is that.

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Speaker 2: I love the audacity on him, being like, all right,

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Speaker 2: you can have another thousand. You get what you get.

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Speaker 4: M He was very proud of himself.

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Speaker 2: No, I love that. I'm proud of him too. I'm obsessed.

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Speaker 2: I think that's so fun. I want to know, though,

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Speaker 2: how much deposit did you have and how long did

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Speaker 2: it take you to save?

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Speaker 5: Yes, so this is our second house. So yeah, we

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Speaker 5: purchased a property.

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Speaker 2: Fancy pans.

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Speaker 5: So when I say second house, we don't. We sold

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Speaker 5: our first house and then we purchased this place.

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Speaker 2: So I still fancy she's had a property journey.

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Speaker 5: Yes, so we purchased our property, our first property in

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Speaker 5: twenty twenty when it was very, very low, and we decided,

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Speaker 5: let's buy a house, so we did, and then that's

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Speaker 5: when the interest rate was really low. At the house

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Speaker 5: that we purchased initially was I want to say, five

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Speaker 5: hundred and twenty thousand, and then we were able to

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Speaker 5: sell that and we made a profit of one hundred K.

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Speaker 5: So that then helped us with this God, yeah, which

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Speaker 5: is crazy.

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Speaker 2: How quickly did you so if you bought that in

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Speaker 2: twenty twenty, did you sell it when we sold.

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Speaker 4: It in twenty twenty two.

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Speaker 2: Oh my gosh, you made a hundred krazy prop what.

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Speaker 4: I know, I know crazy? So I should I put

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Speaker 4: that in my little intro.

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Speaker 2: That's interesting when I asked you the questions, I asked

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Speaker 2: my friend.

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Speaker 5: So, yeah, we were shocked that that was the case.

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Speaker 5: Money win, Yeah, money win for sure, and you held it.

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Speaker 2: For more than twelve months, which means you didn't lose

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Speaker 2: all of that on capital gains tax. She was six month.

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Speaker 4: Correct, correct.

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Speaker 5: And we actually ended up contacting our real estate agent

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Speaker 5: and being like, hey, the person that we purchased the

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Speaker 5: property from initially, and they said, oh, like, I actually

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Speaker 5: have somebody that is interested in buying it for the

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Speaker 5: price that we wanted.

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Speaker 4: So we didn't have to pay any fees, like in

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Speaker 4: terms of real estate fees and all of that advertising.

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Speaker 5: So it just worked out really, really well, which is

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Speaker 5: great because I was quite heavily pregnant at the time

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Speaker 5: and I was like, what are we.

439
00:19:15,560 --> 00:19:17,120
Speaker 4: Doing over and out.

440
00:19:17,240 --> 00:19:20,200
Speaker 5: Yes, yes, so now we've moved closer to family, which

441
00:19:20,240 --> 00:19:22,120
Speaker 5: is really lovely, and yeah.

442
00:19:22,119 --> 00:19:23,600
Speaker 4: That helped us with the deposit as well.

443
00:19:23,640 --> 00:19:25,679
Speaker 5: So in selling that property we were able to I

444
00:19:25,720 --> 00:19:30,639
Speaker 5: believe we did ten percent so yeah, seventy seventy seventy

445
00:19:30,680 --> 00:19:32,119
Speaker 5: k yeah, ten percent.

446
00:19:32,200 --> 00:19:34,439
Speaker 2: Yeah, like Y had ma that would make sense. And

447
00:19:34,480 --> 00:19:36,159
Speaker 2: did you have the help of a broker to do

448
00:19:36,200 --> 00:19:40,359
Speaker 2: that or did you dydy Yeah, very very cool. All right,

449
00:19:40,400 --> 00:19:42,840
Speaker 2: I have another question. I'm so obsessed with this. I

450
00:19:42,840 --> 00:19:45,280
Speaker 2: feel like you have so many good money habits, and like, honestly,

451
00:19:45,280 --> 00:19:47,320
Speaker 2: my friend, I'm already questioning why you gave yourself a

452
00:19:47,320 --> 00:19:49,760
Speaker 2: b MINX, but we will talk about that after these questions.

453
00:19:50,000 --> 00:19:53,080
Speaker 2: I want to know, as a savvy saver, what is

454
00:19:53,119 --> 00:19:54,399
Speaker 2: your best money habit.

455
00:19:55,440 --> 00:19:58,280
Speaker 5: I feel like I'm very good at putting aside. So

456
00:19:58,320 --> 00:20:01,200
Speaker 5: when a paycheck comes in, I divvy up my fund.

457
00:20:01,280 --> 00:20:03,960
Speaker 5: So I use up bank, which I just adore, and

458
00:20:04,000 --> 00:20:06,640
Speaker 5: I can split out. It's really fun to use. It's

459
00:20:06,680 --> 00:20:09,000
Speaker 5: really pretty, and I have different accounts.

460
00:20:09,000 --> 00:20:11,120
Speaker 2: We love an esthetic exactly.

461
00:20:11,119 --> 00:20:11,800
Speaker 4: It's so good.

462
00:20:12,280 --> 00:20:14,240
Speaker 5: So yeah, I've got my bills account, I've got my

463
00:20:14,800 --> 00:20:18,240
Speaker 5: savings account, I've got my what other accounts do I have,

464
00:20:18,480 --> 00:20:20,239
Speaker 5: like tax account, all of that. So I've got all

465
00:20:20,240 --> 00:20:22,760
Speaker 5: the things there and I just sort of, yeah, it's

466
00:20:22,800 --> 00:20:23,200
Speaker 5: really fun.

467
00:20:23,240 --> 00:20:24,480
Speaker 4: When I get my pay in, I just.

468
00:20:24,440 --> 00:20:27,320
Speaker 5: Feel like I have a good system of like this

469
00:20:27,359 --> 00:20:29,679
Speaker 5: is where things go. So I haven't automated it, but

470
00:20:29,760 --> 00:20:32,280
Speaker 5: I also feel like it's kind of my Maybe I'm weird,

471
00:20:32,359 --> 00:20:34,399
Speaker 5: but it's like my reward to like put things in

472
00:20:34,440 --> 00:20:36,560
Speaker 5: their places and have my little fun money account for

473
00:20:36,600 --> 00:20:37,199
Speaker 5: them that night.

474
00:20:37,720 --> 00:20:37,760
Speaker 1: That.

475
00:20:38,560 --> 00:20:41,000
Speaker 2: Yeah, so you see being able to do your budget

476
00:20:41,200 --> 00:20:42,520
Speaker 2: every month as a reward.

477
00:20:43,119 --> 00:20:44,040
Speaker 4: Yeah, is that weird?

478
00:20:44,119 --> 00:20:47,280
Speaker 2: Probably? No, No, it's not that weird. There's no such

479
00:20:47,280 --> 00:20:49,280
Speaker 2: thing as weird in money. I just happen to do

480
00:20:49,359 --> 00:20:52,000
Speaker 2: my budget and then give myself a reward for doing

481
00:20:52,000 --> 00:20:55,399
Speaker 2: the budget. So like, we are definitely different people, but

482
00:20:55,480 --> 00:20:57,760
Speaker 2: I really respect that, and I think that that is

483
00:20:57,760 --> 00:21:00,399
Speaker 2: how I should see it. And maybe, just maybe I

484
00:21:00,400 --> 00:21:02,119
Speaker 2: would have been able to buy a house sooner if

485
00:21:02,119 --> 00:21:03,560
Speaker 2: I had the same mindset as you.

486
00:21:05,320 --> 00:21:05,679
Speaker 4: I don't know.

487
00:21:05,720 --> 00:21:07,720
Speaker 5: Sometimes it does stress me out, but for the most part,

488
00:21:07,760 --> 00:21:08,680
Speaker 5: I'm like, yay.

489
00:21:08,480 --> 00:21:10,879
Speaker 4: I got paid, Like, let's start allocating.

490
00:21:11,000 --> 00:21:11,800
Speaker 3: I love no.

491
00:21:11,920 --> 00:21:14,320
Speaker 2: I want everybody in our community to be as passionate

492
00:21:14,359 --> 00:21:17,720
Speaker 2: about being able to do their budget as Yeah.

493
00:21:17,800 --> 00:21:18,239
Speaker 4: I love it.

494
00:21:18,320 --> 00:21:20,600
Speaker 2: I love it, love love love. Let's flip it, though,

495
00:21:20,680 --> 00:21:23,600
Speaker 2: Let's bring this conversation back down and humble you. What's

496
00:21:23,640 --> 00:21:24,960
Speaker 2: your worst money habit?

497
00:21:25,200 --> 00:21:29,720
Speaker 5: My worst money habit is that those restrictive habits still

498
00:21:30,280 --> 00:21:33,320
Speaker 5: linger sometimes, so in terms of doing that budget, I'll

499
00:21:33,320 --> 00:21:35,959
Speaker 5: be like, oh, yeah, like, I'll put one hundred dollars

500
00:21:36,000 --> 00:21:39,119
Speaker 5: in my fun money account for two weeks and i

501
00:21:39,160 --> 00:21:41,040
Speaker 5: put way more in my bill's account because I'm like,

502
00:21:41,080 --> 00:21:43,800
Speaker 5: I have to be careful, So I'm very like worst

503
00:21:43,800 --> 00:21:46,480
Speaker 5: case scenario, rather than like, oh, it's actually okay to

504
00:21:46,640 --> 00:21:49,000
Speaker 5: like put a little bit more into or I like

505
00:21:49,040 --> 00:21:52,600
Speaker 5: will save more than I need to, like, and then

506
00:21:52,600 --> 00:21:54,960
Speaker 5: I'll start dipping into things that I don't need to.

507
00:21:55,040 --> 00:21:58,359
Speaker 5: So I need to be more generous to myself. Maybe

508
00:21:58,359 --> 00:22:00,439
Speaker 5: that's the right word. I need to allow my like

509
00:22:00,440 --> 00:22:04,119
Speaker 5: it's okay to spend more and you've got enough in

510
00:22:04,160 --> 00:22:07,080
Speaker 5: your bills account at this amount, like you don't have

511
00:22:07,119 --> 00:22:07,840
Speaker 5: to overdo it.

512
00:22:08,320 --> 00:22:10,399
Speaker 2: Yeah, No, that makes a lot of sense. I feel

513
00:22:10,400 --> 00:22:13,600
Speaker 2: like I fully expected you to say that that was

514
00:22:13,640 --> 00:22:16,520
Speaker 2: your worst money habit, not because you'd identified it already,

515
00:22:16,880 --> 00:22:19,679
Speaker 2: but often when I have people in our community that

516
00:22:19,760 --> 00:22:23,200
Speaker 2: I get to talk to about their you know, money habits,

517
00:22:23,240 --> 00:22:25,119
Speaker 2: and they say, oh, I'm a really good saver and

518
00:22:25,160 --> 00:22:27,040
Speaker 2: I've always been a saver. And at the start of

519
00:22:27,040 --> 00:22:29,120
Speaker 2: this conversation, you said, Oh, like it kind of became

520
00:22:29,119 --> 00:22:31,600
Speaker 2: a personality trait, Like it became part of me, Like

521
00:22:31,960 --> 00:22:36,800
Speaker 2: I identified that way. Often people in those circumstances find

522
00:22:36,920 --> 00:22:40,560
Speaker 2: the restrictive habits are I guess number one for them,

523
00:22:40,640 --> 00:22:43,680
Speaker 2: because obviously that's what gets you to become a really

524
00:22:43,680 --> 00:22:46,680
Speaker 2: good saver, right restriction, But then on the flip side,

525
00:22:46,720 --> 00:22:49,920
Speaker 2: it can actually be a little bit negative. The next

526
00:22:50,000 --> 00:22:53,560
Speaker 2: question I've got, which is my favorite, lucky last question, is,

527
00:22:53,720 --> 00:22:56,440
Speaker 2: now that we've talked, what grade would you give your

528
00:22:56,440 --> 00:22:59,439
Speaker 2: money habits from an AA through to an F? You

529
00:22:59,480 --> 00:23:03,120
Speaker 2: gave yourself for B minus at the start. After talking,

530
00:23:03,240 --> 00:23:06,720
Speaker 2: after reflecting on all of this, how's that feel? How

531
00:23:06,720 --> 00:23:07,280
Speaker 2: does it fit?

532
00:23:07,480 --> 00:23:10,080
Speaker 4: Probably feels like I'm not being very generous to myself.

533
00:23:11,080 --> 00:23:12,200
Speaker 4: If we go back to that word.

534
00:23:12,560 --> 00:23:14,960
Speaker 2: I couldn't agree more. Why is that?

535
00:23:15,920 --> 00:23:20,120
Speaker 5: I think, considering my money habits are quite good. I'm

536
00:23:20,160 --> 00:23:23,160
Speaker 5: making my grade lower than what it probably should be

537
00:23:23,160 --> 00:23:25,880
Speaker 5: because I feel that I'm quite restrictive. But in terms

538
00:23:25,920 --> 00:23:28,760
Speaker 5: of the actual money habits itself, I do have great

539
00:23:28,800 --> 00:23:30,879
Speaker 5: systems in place and it's working really well for me.

540
00:23:31,119 --> 00:23:34,120
Speaker 5: And I'm looking back, I can see that I've achieved

541
00:23:34,320 --> 00:23:38,439
Speaker 5: the goals that I've set. So yeah, probably at least

542
00:23:38,480 --> 00:23:39,480
Speaker 5: an A minus.

543
00:23:39,560 --> 00:23:42,040
Speaker 4: Maybe.

544
00:23:41,440 --> 00:23:45,679
Speaker 2: I love this. I like the reflection. I like the

545
00:23:45,880 --> 00:23:49,000
Speaker 2: left room for improvement. I think it's just it's so interesting.

546
00:23:49,320 --> 00:23:52,560
Speaker 2: I guess setting a term of reference at the start

547
00:23:52,600 --> 00:23:55,520
Speaker 2: and then getting to revisit it at the end, because

548
00:23:55,520 --> 00:23:58,320
Speaker 2: I think it's a good I guess learner, because do

549
00:23:58,359 --> 00:23:59,840
Speaker 2: you know what I know. I know that they're going

550
00:23:59,880 --> 00:24:02,160
Speaker 2: to be people and hi friends. You're in the car

551
00:24:02,200 --> 00:24:04,480
Speaker 2: and you're listening to this Money Diary and you heard

552
00:24:04,520 --> 00:24:06,199
Speaker 2: b mins and you're like, yere okay, noorries and you

553
00:24:06,200 --> 00:24:08,080
Speaker 2: start listening and you're like, no, that's such a good

554
00:24:08,119 --> 00:24:10,320
Speaker 2: money habit. No, this is great, No, that is great.

555
00:24:10,480 --> 00:24:12,880
Speaker 2: Oh she's investing, she's got a house. She's sold a house.

556
00:24:12,880 --> 00:24:13,400
Speaker 4: You sold a house.

557
00:24:13,400 --> 00:24:15,960
Speaker 2: I'm got one hundred grand profit. My gosh. She's like

558
00:24:16,080 --> 00:24:19,359
Speaker 2: so confident. She started her own business. Like they're yelling

559
00:24:19,359 --> 00:24:22,359
Speaker 2: at the TV basically being like, excuse me, Money Diarist,

560
00:24:22,400 --> 00:24:24,840
Speaker 2: but you're absolutely killing it. But I think it's such

561
00:24:24,880 --> 00:24:28,320
Speaker 2: a good reflection point because we all have our own

562
00:24:28,400 --> 00:24:31,400
Speaker 2: journeys and they're not benchmarked against other people's journeys. They're

563
00:24:31,400 --> 00:24:35,080
Speaker 2: benchmarked against our own expectations and learning that you are

564
00:24:35,200 --> 00:24:38,359
Speaker 2: such a saver, it makes sense that you're like, oh,

565
00:24:38,400 --> 00:24:40,280
Speaker 2: my restrictive habits are this that the other, and I

566
00:24:40,280 --> 00:24:42,600
Speaker 2: don't think I'm doing as well as I could. It's

567
00:24:42,680 --> 00:24:46,560
Speaker 2: such a type let's call it type money saver trait

568
00:24:46,720 --> 00:24:48,600
Speaker 2: to go. It's not good enough, it's not good enough

569
00:24:48,640 --> 00:24:51,040
Speaker 2: when in reality you're actually killing it, and you need

570
00:24:51,040 --> 00:24:52,840
Speaker 2: to give yourself a little bit more credit or to

571
00:24:52,960 --> 00:24:55,440
Speaker 2: your language, a little bit more generosity, like you need

572
00:24:55,480 --> 00:24:58,000
Speaker 2: to be kinder to yourself, my friend, because you're absolutely

573
00:24:58,080 --> 00:25:01,320
Speaker 2: killing it and I love it. Would it take, though,

574
00:25:01,720 --> 00:25:03,240
Speaker 2: to get you to an A plus? What do you

575
00:25:03,280 --> 00:25:05,920
Speaker 2: think you could do in your own mind that would

576
00:25:05,960 --> 00:25:08,560
Speaker 2: mean that you, you know, confidently, would be like, yeah,

577
00:25:08,560 --> 00:25:09,920
Speaker 2: I'm actually an A plus at money.

578
00:25:10,560 --> 00:25:12,320
Speaker 4: I'd love to learn more about investments.

579
00:25:12,520 --> 00:25:14,240
Speaker 5: That's the next sort of thing that I'd love to

580
00:25:15,080 --> 00:25:18,200
Speaker 5: just feel a bit more confident with. You mentioned decision

581
00:25:18,240 --> 00:25:21,159
Speaker 5: paralysis or analysis paralysis earlier. I feel like I do

582
00:25:21,280 --> 00:25:24,720
Speaker 5: fall into that category and had to just sort of

583
00:25:24,760 --> 00:25:27,600
Speaker 5: dive right in to get that experience. So I'm yeah,

584
00:25:27,640 --> 00:25:29,720
Speaker 5: looking forward to going on that journey a little bit more.

585
00:25:30,200 --> 00:25:33,840
Speaker 5: And yeah, I think just the restrictive sort of mindset

586
00:25:33,880 --> 00:25:36,280
Speaker 5: stuff I would love to be able to shake.

587
00:25:36,080 --> 00:25:36,760
Speaker 4: A little bit more.

588
00:25:36,760 --> 00:25:39,440
Speaker 5: And I think now having a baby as well has

589
00:25:39,480 --> 00:25:42,119
Speaker 5: helped me realize, like, yeah, you've got to spend money

590
00:25:42,119 --> 00:25:44,880
Speaker 5: to like, you know, provide and all of that. And

591
00:25:45,119 --> 00:25:47,560
Speaker 5: like the money that I'm making is able to provide

592
00:25:47,600 --> 00:25:50,119
Speaker 5: for my family now, So I do see that my

593
00:25:50,359 --> 00:25:52,800
Speaker 5: mindset is shifting in that way as well.

594
00:25:52,960 --> 00:25:54,800
Speaker 2: Yeah, I love it, Oh my gosh. And do you

595
00:25:54,840 --> 00:25:57,959
Speaker 2: know what my favorite part about that? It's all so achievable,

596
00:25:58,119 --> 00:26:01,000
Speaker 2: Like none of that is beyond you know, what your

597
00:26:01,040 --> 00:26:03,640
Speaker 2: capability is or what you can achieve. All of that

598
00:26:03,800 --> 00:26:06,919
Speaker 2: is so capable and so like a che I love it.

599
00:26:06,960 --> 00:26:09,159
Speaker 2: I love it so much. Oh my gosh, money. I

600
00:26:09,160 --> 00:26:11,879
Speaker 2: wish we had all day to talk, but unfortunately that

601
00:26:12,040 --> 00:26:14,439
Speaker 2: is all we have time for today. So thank you

602
00:26:15,040 --> 00:26:17,720
Speaker 2: so much for joining us. I have absolutely loved this.

603
00:26:17,800 --> 00:26:19,600
Speaker 2: I wish that we could talk weddings all day though,

604
00:26:19,640 --> 00:26:21,320
Speaker 2: Like there should be more wedding chat in this So

605
00:26:21,480 --> 00:26:23,840
Speaker 2: thank you so so much for sharing your very gorgeous

606
00:26:23,840 --> 00:26:25,600
Speaker 2: story with our community. We love it.

607
00:26:25,680 --> 00:26:27,000
Speaker 4: Thank you so much for having.

608
00:26:26,760 --> 00:26:35,600
Speaker 3: Me the advice shared on She's on the Money is

609
00:26:35,720 --> 00:26:39,320
Speaker 3: general in nature and does not consider your individual circumstances.

610
00:26:39,680 --> 00:26:42,000
Speaker 3: She's on the Money exists purely.

611
00:26:41,640 --> 00:26:44,560
Speaker 2: For educational purposes and should not be relied upon to

612
00:26:44,600 --> 00:26:47,960
Speaker 2: make an investment or financial decision. If you do choose

613
00:26:47,960 --> 00:26:50,919
Speaker 2: to buy a financial product, read the PDS TMD and

614
00:26:51,000 --> 00:26:55,600
Speaker 2: obtain appropriate financial advice tailored towards your needs. Victoria Divine

615
00:26:55,640 --> 00:26:59,000
Speaker 2: and She's on the Money are authorized representatives of money.

616
00:26:59,000 --> 00:27:02,280
Speaker 2: SHEPA pty lt D. A b N three two one

617
00:27:02,480 --> 00:27:05,719
Speaker 2: six four nine two seven seven zero eight a F

618
00:27:05,760 --> 00:27:10,040
Speaker 2: s L four five one two eight nine