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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 Kernye 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: Millennials who want financial freedom. Welcome back to another one

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Speaker 2: of our money diaries where I get the absolute privilege

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Speaker 2: of talking to one of our Shees on the Money

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Speaker 2: community members all about their journey. Let's jump straight into it,

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Speaker 2: because this week I got a message and it went

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Speaker 2: like this. Hi Ve, I was married at eighteen, I

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Speaker 2: owned two properties by twenty and had two babies by

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Speaker 2: twenty one. I'm now working full time to support my

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Speaker 2: family while studying part time. I would love to share

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Speaker 2: the experience of going from a two income household to

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Speaker 2: one with the community money diarists, I would also love

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Speaker 2: for you to share that story. Welcome to the show,

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Speaker 2: and thank you for wanting to share.

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Speaker 4: Thank you for having me.

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Speaker 2: I am so excited about this. I feel like married

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Speaker 2: at eighteen two, properties at twenty two, babies at twenty one,

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Speaker 2: like what the hecking like? That is a very condensed

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Speaker 2: timeframe that I need to know a lot about. But

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Speaker 2: before we get there, let's jump straight in moneyed diarist.

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Speaker 2: Before we start, what grade would you give your money

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Speaker 2: habits if I asked you to give them a grade

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Speaker 2: from A through to F.

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Speaker 4: I've been thinking a little bit on this question, and

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Speaker 4: I've been going back and forward with a couple of

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Speaker 4: different grades. I'd say I'd probably place myself around the

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Speaker 4: B minus, but it could fluctuate a little bit depending

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Speaker 4: on how sitting myself on the day.

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Speaker 2: Well, we're about to learn a lot more about this,

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Speaker 2: so I'm excited. Let's jump to my favorite question ever,

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Speaker 2: moneyed Diarist, Can you please tell me a little bit

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Speaker 2: more about your money story?

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Speaker 4: Yeah? Absolutely so. I would say that I grew up

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Speaker 4: in a fairly like middle income earning household. We weren't

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Speaker 4: super rich, but my parents also made sure that we

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Speaker 4: had everything that we needed and we were still able

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Speaker 4: to enjoy like the occasional family holiday, and it wasn't

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Speaker 4: down to the dollar. So it was always a pretty

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Speaker 4: comfortable relationship with money I had when I was growing up.

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Speaker 4: I would definitely say that when I was younger, I

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Speaker 4: wasn't a very good saver. I'm still learning out to

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Speaker 4: be a good saver, relatable. I spend happy. So my

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Speaker 4: parents always sort of trying to teach us how to

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Speaker 4: save a bit of our money not spend it all

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Speaker 4: in one place, which very few teenagers will listen to

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Speaker 4: that advice.

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Speaker 2: Sometimes we just have to learn on our own. Sometimes

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Speaker 2: I have to make my own mistake absolutely to learn

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Speaker 2: that maybe that's not what we should be doing.

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Speaker 4: Definitely, So that was always a little bit of that.

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Speaker 4: And then probably about three months out of high school,

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Speaker 4: two three months, I found out I was pregnant with

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Speaker 4: my daughter, and so that was a bit scary.

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Speaker 2: That's a lot. So how old were you.

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Speaker 4: I was seventeen at the time.

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Speaker 2: Oh, she's just a baby having a baby.

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Speaker 4: Yeah, So I was, yeah, just crushed out of high school.

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Speaker 4: Me and my partner which now husband, had been together

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Speaker 4: a little bit over a year at the time, and.

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Speaker 2: You guys are still together. Yes, I love this so much.

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Speaker 4: Yeah. So we started dating in grade eleven, so we've

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Speaker 4: been together for it'll be six years this year and

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Speaker 4: married for three years this year. So yeah, that was

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Speaker 4: a bit hectic. So I had my daughter when I

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Speaker 4: was eighteen, and we didn't move out of home until

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Speaker 4: I was seven eight months pregnant. I was still living

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Speaker 4: with my parents at the time.

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Speaker 2: I would have milked out for all of it was worth, honestly,

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Speaker 2: I would have done exactly the same thing.

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Speaker 4: And so we got a little one bedroom apartment we

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Speaker 4: moved into when I was like eight months pregnant. I

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Speaker 4: was working in the family business at the time as

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Speaker 4: a trainee, so I was long training ages. They were

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Speaker 4: not very good.

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Speaker 2: Oh my gosh. As someone who's also like eight months

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Speaker 2: pregnant right now, moving and eight months pregnant like hoofed, no,

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Speaker 2: thank you, it was a lot.

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Speaker 4: But we had so many people helping us out, which

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Speaker 4: was amazing. We both have pretty big families, and so, yeah,

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Speaker 4: we had my daughter. I was a trainee at the

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Speaker 4: time and my husband was just working like casually in hospitalities.

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Speaker 2: So what were you with training in.

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Speaker 4: I worked well, I worked at a mortgage brokerage, so

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Speaker 4: I was doing a business admin traineeship at the time.

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Speaker 4: And yeah, so things with my birth my daughter didn't

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Speaker 4: really go as planned. There were quite a few complications

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Speaker 4: after I had her, so I wasn't able to drive

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Speaker 4: or six months after I had my daughter.

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Speaker 2: Oh my gosh, youre you okay now?

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Speaker 4: Yes, everything's all good now. But so I wasn't able

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Speaker 4: to drive for six months after I had my daughter,

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Speaker 4: which was definitely a challenge.

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Speaker 2: Six months, Yes, like a low key, like complete side note,

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Speaker 2: I am terrified that I'll end up with a C section,

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Speaker 2: purely because I don't want to not drive for six weeks. Yeah,

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Speaker 2: I'm like that feels like I'll be trapped. So six

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Speaker 2: months would have been terrifying.

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Speaker 4: Six months it was very difficult. But thankfully where we'd moved,

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Speaker 4: we were super super close to my parents' house, were

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Speaker 4: only like a few streets away, so nice. With all

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Speaker 4: the complications that happened with my birth, I wasn't really

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Speaker 4: comfortable at saying at home by myself just with the

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Speaker 4: baby while my husband was at work, so my husband

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Speaker 4: would drop me off at my parents' house while he

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Speaker 4: went to work because he started a full time job

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Speaker 4: two weeks after we had our daughter.

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Speaker 2: Oh my gosh, you really do do what you got

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Speaker 2: to do?

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Speaker 5: Hey.

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Speaker 4: Yeah, So I was at my parents' house every day

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Speaker 4: with my daughter, and I was like, well, she's just

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Speaker 4: a newborn, she's just sleeping. I'm kind of bored. So

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Speaker 4: I went back to work two weeks after I'd had

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Speaker 4: my daughter.

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Speaker 2: Oh my gosh, no, what are you doing? Also low key,

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Speaker 2: your parents probably loved having you and her around.

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Speaker 4: Oh yeah, often it was we were the first grand

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Speaker 4: baby on my site and my husband's side of the family,

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Speaker 4: so it was absolutely spoiled dred percent. Yeah. So I

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Speaker 4: didn't really take maternity leave after having my daughter. I

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Speaker 4: was just working from home at my parents' place. Then

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Speaker 4: pretty much into like a drive again, or I would

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Speaker 4: go into the office with my family because we all

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Speaker 4: worked at the same place. And then so yeah, that

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Speaker 4: was that. And then come into the end of twenty twenty,

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Speaker 4: so I'd had my daughter in September and December, we

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Speaker 4: were like, look, we're not going to be in this

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Speaker 4: rental property forever. We'd only signed the six month lease

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Speaker 4: at the time, and we were like, the rental market

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Speaker 4: isn't great. The real estate market. I kind of knew

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Speaker 4: what was going on, and I was like, the housing

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Speaker 4: market is going to be going up. If we don't

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Speaker 4: take advantage of it now, we're never going to be

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Speaker 4: able to And we were obviously in the privileged position

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Speaker 4: that my family was able to give up loan US

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Speaker 4: money to be able to purchase a house. So we

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Speaker 4: found the one house in our area that was within

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Speaker 4: our price range. It was an off the plan and.

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Speaker 2: You were like, oh, buy this one because this is

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Speaker 2: the only.

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Speaker 4: The only option. Yeah, it was an off the plan,

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Speaker 4: and we were like, we need to have a contract

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Speaker 4: signed by the end of the year so we can

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Speaker 4: get all of these grants and everything. So it was

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Speaker 4: very on the whim, signed it like a week or

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Speaker 4: two up. We decided that's what we were doing, and

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Speaker 4: then that was built by June of twenty twenty one.

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Speaker 4: We moved in June twenty twenty one and that was

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Speaker 4: our first house. So we were there for a year

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Speaker 4: year and a half. But the property market, as I said,

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Speaker 4: went up really really quickly. So we bought our house

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Speaker 4: and within like six to twelve months, it had gone

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Speaker 4: up by like at least one hundred thousand dollars in value.

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Speaker 2: Oh my gosh, money, win, that's some nice equity.

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Speaker 4: It wasn't nice equity. So I was like, look, we

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Speaker 4: could take out some of this equity and look and

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Speaker 4: see if there's any investment properties that we'd be interested

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Speaker 4: in buying. I was like, we're on a roll. Why

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Speaker 4: stop now. So we were able to take out some

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Speaker 4: equity and find a little studio property that was super

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Speaker 4: cheap and already had attendant in it and everything, and

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Speaker 4: we purchased that at the start of twenty twenty one.

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Speaker 4: And then that could have sort of just blotted along.

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Speaker 4: There wasn't really anything to do with that. And then

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Speaker 4: I found out that I was pregnant with my son

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Speaker 4: in December of twenty twenty two, and it was just

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Speaker 4: a little bit of a whirlwind. So we'd had both

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Speaker 4: the houses and we were like, look, what is the plan.

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Speaker 4: So we sort of sat down, looked at our finances,

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Speaker 4: looked at everything, and we were like, we can make

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Speaker 4: it work staying in our house. But at that point,

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Speaker 4: both my husband and I were studying, and so we

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Speaker 4: decided probably not the best financial decision unless we want

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Speaker 4: to be counting pennies. And so again we were in

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Speaker 4: the privileged position that my grandmother had heats of room

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Speaker 4: at her house. And so I had my son in

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Speaker 4: August twenty twenty three again and say getting maternityly because

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Speaker 4: I was just like, I'm too bored to sit at

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Speaker 4: home with a newborn. I'll just go.

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Speaker 2: Crazy as someone who's about to have a baby. And honestly,

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Speaker 2: your work ethic sounds like mine. Sometimes people were like,

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Speaker 2: oh my gosh, that's so admirable, and I'm like, no,

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Speaker 2: I would go up the wall if you didn't let

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Speaker 2: me work, like I will go crazy, Like I need

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Speaker 2: to do this. I can't imagine, and like I'm lucky

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Speaker 2: that I've been around so many newborns and I know

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Speaker 2: they do sleep a lot, Like what am I going

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Speaker 2: to do in that period of time? I know people

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Speaker 2: say you need sleep, but I'm like I don't sleep

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Speaker 2: at the best of times. So don't know how this

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Speaker 2: is going to work. Was going back like in hindsight

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Speaker 2: at two weeks was that too early? Were you like no, no, no,

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Speaker 2: I just all worked out and I like balanced it,

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Speaker 2: or like what did that actually look like I think

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Speaker 2: was my daughter.

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Speaker 4: It was okay because I was just working from home

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Speaker 4: and there were so many people in the house that

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Speaker 4: was able to help. Even when my daughter was like awake,

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Speaker 4: I was breastfeeding with all the complications, so it was

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Speaker 4: pretty easy. I could like get someone else to feed

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Speaker 4: her if I was busy doing something. So with my daughter,

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Speaker 4: that was good. With my son, I definitely think I

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Speaker 4: pushed myself a little bit too hard. I was working

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Speaker 4: up until the day that I got in juice. I

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Speaker 4: went to work on the Friday morning, worked a half day,

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Speaker 4: and then went to the hospital on a Friday afternoon

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Speaker 4: to get in juice.

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Speaker 2: I feel like that will be me. I regret nothing already.

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Speaker 4: Yeah, and then I was planning on just going back

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Speaker 4: to work on Monday, but I was still in the

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Speaker 4: hospital on Monday. No, I was still in the hospital

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Speaker 4: on Monday. I got discharged Monday, and she's so warning.

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Speaker 4: I was working on my laptop with my son. He's

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Speaker 4: like three days crazy.

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Speaker 2: But I think that people think I'm going to be bad.

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Speaker 2: I'm not going to be that bad, Like that's bad.

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Speaker 4: I'm like, I think that was like it was definitely

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Speaker 4: pushing it I mean, I still feel like it was

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Speaker 4: the right decision for me at the time. I don't

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Speaker 4: think i'd necessarily change it, but I definitely think like

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Speaker 4: future children, now that we would have like three or

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Speaker 4: more kids, I would definitely take the time to just

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Speaker 4: take my fair share of praternity leaves.

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Speaker 2: But following yeah, fair.

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Speaker 4: But yeah, no, I think looking back on it in hindsight,

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Speaker 4: it definitely was what I would do even if I

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Speaker 4: went back, and I might get myself another week or two,

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Speaker 4: but I just think I would have been too bored.

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Speaker 2: Yeah, fair, Fair, So you've had your second son, you

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Speaker 2: started in mortgage breaking, what are you now studying? Like,

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Speaker 2: where are we at today?

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Speaker 4: So at the moment, I'm studying. I'm doing a double

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Speaker 4: degree in business and psychology. I've just started this last

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Speaker 4: summer semester. I'm finishing my first semester at the moment,

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Speaker 4: so I've just gone back into it. But yeah, I'm

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Speaker 4: just doing that part time and I'm no longer working

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Speaker 4: in a mortgage brokerage. So in October we moved in

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Speaker 4: with my grandma and we put our previous house we

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Speaker 4: were living in also up on the market. And then

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Speaker 4: in November I started my new job. So I'm working

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Speaker 4: in a government agency now in like debt, and so

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Speaker 4: that is Monday to Friday, like eight thirty to four

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Speaker 4: point thirty. So, timmy just kind of revolves around that

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Speaker 4: at the moment.

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Speaker 2: How cool. And you said that you now have a

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Speaker 2: one income household. Does that mean that your partner is

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Speaker 2: not working?

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Speaker 4: Yes, so my partner is now a full time stay

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Speaker 4: at home dad, okay you He's also going back to

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Speaker 4: full time UNI in a couple of weeks. So when

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Speaker 4: we moved, because it was just such a big shift,

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Speaker 4: we figured we take the kids out of day care

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Speaker 4: for a little bit and just let them settle with

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Speaker 4: one change at a time. So just get them a

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Speaker 4: couple months to settle into the new environment. So both

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Speaker 4: of the kids will be going into daycare in the

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Speaker 4: next two weeks the sum of February, and my husband

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Speaker 4: will be going back into UNI menpav, So that'll be

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Speaker 4: in daycare three days a week and then with h

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Speaker 4: the other two.

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Speaker 2: Yeah cool. I love this for you, all right. So

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Speaker 2: that makes me want to go back into the structured

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Speaker 2: questions that I always bring to the table, but get

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Speaker 2: completely sidetracked on what does that mean you earn if

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Speaker 2: you work for a government agency in debt, what are

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Speaker 2: you earning?

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Speaker 4: So at the moment, I'm on sixty seven, five hundred

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Speaker 4: and seventy seven dollars a year. That's not very specific, Yeah,

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Speaker 4: very very broad, and my super I completely got checked.

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Speaker 4: But it's like fourteen fifteen per cent super on top.

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Speaker 2: Of that, very very real. Nice. And you've bought and

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Speaker 2: sold properties, You've had babies, you've already gotten married. But

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Speaker 2: what are your big money goals at the moment? What

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Speaker 2: are you and your partner working towards.

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Speaker 4: Well, we'll dive into it like a little bit later

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Speaker 4: as well. At the moment, we're just trying to pay

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Speaker 4: off most of our personal debt, so we are actually

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Speaker 4: in debates in the moment about selling one of our

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Speaker 4: investment properties to be able to just wipe house late

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Speaker 4: and be pretty free. Well we're still on one income,

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Speaker 4: but that's still in the debating stage. But yeah, at

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Speaker 4: the moment, we're just focusing on paying down the debt.

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Speaker 4: And we've got quite a few big family holidays planned

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Speaker 4: over the next few years which will be quite expensive,

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Speaker 4: so we're saving for those as well.

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Speaker 2: Oh exciting though, Yeah, how fun? All right? Let's go

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Speaker 2: to a really quick break. And on the flip side,

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Speaker 2: you mentioned some personal debt. I want to dive into that.

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Speaker 2: I also want to know all the pervy details about

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Speaker 2: what mortgages you still have and what you owe and

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Speaker 2: how all of that works. So guys, don't go anywhere,

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Speaker 2: all right, money direst do We are back and we

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Speaker 2: are going to start with investment. I wantn't know. Obviously

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Speaker 2: you've got investment properties, but do you have any investments?

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Speaker 2: If so, what are they? Please share?

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Speaker 4: Yeah? Of course, so yeah, obviously we have our to

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Speaker 4: investment properties. So did you want my values of them?

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Speaker 1: Oh?

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Speaker 2: I want as much detail as you'll let us have. Like,

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Speaker 2: have you ever listened to a money diary and been like, damn,

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Speaker 2: I wish you didn't tell me how much she owed

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Speaker 2: on that?

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Speaker 4: No, No, that's totally fine. So our first property we

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Speaker 4: ever bought, which was our owner occupied homes for a while,

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Speaker 4: is probably worse between like five hundred and five to

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Speaker 4: fifty at the moment, and we've got owing on that

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Speaker 4: about four hundred and fifteen thousands.

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Speaker 2: Hey, that's pretty good. It's still sitting on some nice equity.

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Speaker 4: Yeah, it's not bad. And then our second property. We

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Speaker 4: bought it for eighty six thousand dollars.

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Speaker 2: No, you didn't eighty six thousand dollars.

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Speaker 4: Yeah, Hell, it was a little studio up in like

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Speaker 4: North Queensland, so we bought it for eighty six and

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Speaker 4: it's probably like between one hundred and thirty do one

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Speaker 4: hundred and fifty thousand.

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Speaker 2: Now, no, it's not. How good is that?

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Speaker 4: Yeah? And that one we've got about seventy eight thousand

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Speaker 4: dollars owing on it.

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Speaker 2: That's a nice position to be in.

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Speaker 4: Yeah, so there's some good equity in both of them.

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Speaker 4: And then obviously I've got my Super. So my super's

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Speaker 4: sitting just over sixteen thousand at the moment.

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Speaker 2: How old are you now today, I'm twenty one. Yeah,

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Speaker 2: so you're still a child and you've got sixteen thousand

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Speaker 2: dollars in Super, You've got two properties, You've got some

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Speaker 2: nice equity on it. Like how at twenty one I

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Speaker 2: was drunk. I definitely wasn't thinking about this.

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Speaker 4: Yeah, So my goal is I'm hoping to get to

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Speaker 4: twenty five thousand dollars and Super by the end of

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Speaker 4: the YEA.

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Speaker 2: Yeah you will, don't worry.

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Speaker 4: I know that I'll get to twenty, but I'm hoping

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Speaker 4: I'll only get to twenty five. I have sat down

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Speaker 4: and worked out the numbers exactly, and then I've also

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Speaker 4: got a chare Zia's account has just over six hundred

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Speaker 4: dollars in it at the moment.

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Speaker 2: How did you get involved with chare Zias? I can like,

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Speaker 2: what did you pick? How did you pick it? What

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Speaker 2: did all that look like? Well? I heard about Chazea's

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Speaker 2: on the show Well Revolutionary.

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Speaker 4: Previously, all my investing information had come from all of

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Speaker 4: the men in my life, so it was use this

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Speaker 4: super detailed app and you have to write down this

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Speaker 4: twenty seven word secret password and do all of this thing.

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Speaker 4: And I was like, that's that's too much for me, no,

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Speaker 4: thank you. So yeah, I heard about chair Zia's on

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Speaker 4: the podcast and I just downloaded it, and I don't know,

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Speaker 4: I kind of bigger all of the money that I'm

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Speaker 4: putting in it at the moment. Obviously the goal is

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Speaker 4: for that to make money in the future, but at

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Speaker 4: the moment, I'm only putting in little amounts. I'm really

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Speaker 4: just sort of playing around seeing what I like. So

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Speaker 4: I've got kind of a mixture of like more safe things,

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Speaker 4: so I've got some like ETFs and all that kind

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Speaker 4: of stuff, and then I'll just put in like a

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Speaker 4: few dollars here and then to companies that I'm just

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Speaker 4: interested in following and seeing how they track over the years.

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Speaker 2: And do you find it easy or hard or like obviously,

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Speaker 2: I feel like people are overwhelmed, right, People are so

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Speaker 2: overwhelmed when they're like, oh, an investing app. Absolutely not,

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Speaker 2: but like it is easy whishasis or hard or yeah.

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Speaker 4: Chases are super super user friendly and so obviously at

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Speaker 4: the moment, I haven't been putting any extra money into

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Speaker 4: it really, but whenever, I just hop on every now

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Speaker 4: and then and if I've gotten paid a little dibiends

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Speaker 4: from one of my investments, so I'll just put it

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Speaker 4: back in to it, right dude.

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Speaker 2: Yeah, I love that you're learning about it all as well,

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Speaker 2: in like a way that you're like, no, this makes sense,

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Speaker 2: like I like it and I get to have a

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00:20:01,560 --> 00:20:04,840
Speaker 2: play like yeah, ah, I love it all. Right, let's

383
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Speaker 2: flip the conversation because I want to know about debt.

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Speaker 2: Before the break, you said, Oh, my partner and I

385
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Speaker 2: we're gonna be paying down some personal debt, So tell

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Speaker 2: me about your debt. You told us about the mortgages.

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Speaker 2: So we know that on your first property you have

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Speaker 2: about four hundred and fifteen thousand, oh ing at about

389
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Speaker 2: seventy on the other one. But what's this personal debt?

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Speaker 2: Tell us?

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Speaker 4: So at the moment, I've got a car loan. So

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Speaker 4: shortly before I had my son, we had had two

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Speaker 4: cars and we sold. I had a little car, we'd

394
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Speaker 4: sold that and we were just like, look, we only

395
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Speaker 4: are gonna need one car when we move on with

396
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Speaker 4: my grandmother, so we'll just keep my husband's car. And

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Speaker 4: we kind of just assumed at the time it would

398
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Speaker 4: be big enough. And then we got my son's carsiet

399
00:20:50,000 --> 00:20:52,320
Speaker 4: and the double cram and I was like, there is

400
00:20:52,920 --> 00:20:59,160
Speaker 4: no way that this car absolutely not. So we kind

401
00:20:59,200 --> 00:21:00,919
Speaker 4: of had to perch the car and I was like,

402
00:21:01,000 --> 00:21:03,680
Speaker 4: we don't really have car money, but our sun is

403
00:21:03,800 --> 00:21:06,600
Speaker 4: due in three weeks. That's the we option we have.

404
00:21:06,720 --> 00:21:08,639
Speaker 4: So we had to get a car loan. So that

405
00:21:08,720 --> 00:21:12,439
Speaker 4: one's sitting about twenty thousand now, and we ended up

406
00:21:12,480 --> 00:21:16,160
Speaker 4: actually just keeping my husband's car because like a bit

407
00:21:16,200 --> 00:21:18,320
Speaker 4: off track, but my grandmother lives on an island.

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Speaker 2: On an island, yes.

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Speaker 4: So we have my husband's car on the island and

410
00:21:24,520 --> 00:21:26,720
Speaker 4: we use that as just like our island car because

411
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Speaker 4: it's owned outright, there's no debt against it or anything.

412
00:21:30,280 --> 00:21:34,520
Speaker 4: So my car on like the mainland has the carloon

413
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Speaker 4: against it. And then we've got a credit card as well.

414
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Speaker 4: That's six thousand, and that's mostly massed out at the

415
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Speaker 4: moment with moving costs and baby costs.

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00:21:46,600 --> 00:21:51,240
Speaker 2: Yes, and baby costs are a lot, a lot so much. Wait,

417
00:21:51,280 --> 00:21:54,600
Speaker 2: so you've moved to an island. You failed to disclose

418
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Speaker 2: that part before. That sounds bougie. The fact that you

419
00:21:57,480 --> 00:22:01,480
Speaker 2: have an island car and a mainland car. How do

420
00:22:01,560 --> 00:22:04,760
Speaker 2: you get from the mainland to the island, Like you

421
00:22:04,880 --> 00:22:06,760
Speaker 2: just drive home and then go for a little swim,

422
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Speaker 2: Like what are we doing?

423
00:22:07,720 --> 00:22:11,760
Speaker 4: So there's a ferry and a barge. So the faerry

424
00:22:11,880 --> 00:22:15,320
Speaker 4: is like walk on passengers only, and that operates from

425
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Speaker 4: sort of like five six in the morning up until

426
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Speaker 4: ten thirty at night, and it's like an every half

427
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Speaker 4: hour basis, so it's pretty regular. And then the barge

428
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Speaker 4: just operates really during the day, so it's yeah, that's

429
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Speaker 4: pretty early around six. That only operates till about like

430
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Speaker 4: three or four, and that's you can drive your car Onto,

431
00:22:34,520 --> 00:22:37,120
Speaker 4: but you can also walk on if you'd like. So

432
00:22:37,680 --> 00:22:41,560
Speaker 4: you have to go from the mainland park in the

433
00:22:41,600 --> 00:22:43,920
Speaker 4: little car park that everyone parks in, and then get

434
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Speaker 4: onto the ferry, take the ferry home to the island

435
00:22:47,560 --> 00:22:49,480
Speaker 4: and then you can like drive up to the house

436
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Speaker 4: from there.

437
00:22:50,200 --> 00:22:52,400
Speaker 2: Oh my gosh, so you've kind of got a curfew

438
00:22:52,440 --> 00:22:54,720
Speaker 2: at home. What if you have a party or something

439
00:22:54,760 --> 00:22:57,080
Speaker 2: on the mainland, what do you do at the moment?

440
00:22:57,800 --> 00:23:00,240
Speaker 4: Really, Like, if we have anything that we know not

441
00:23:00,240 --> 00:23:02,960
Speaker 4: going to make the last very home, We'll just plan

442
00:23:03,119 --> 00:23:06,440
Speaker 4: to stay with my family yep that night and I'll

443
00:23:06,520 --> 00:23:08,080
Speaker 4: just go to work and then we'll go home the

444
00:23:08,080 --> 00:23:12,399
Speaker 4: next day. But we aren't exactly packed out with social

445
00:23:12,440 --> 00:23:16,760
Speaker 4: events for two kids, so it's not a massive problem.

446
00:23:17,080 --> 00:23:21,600
Speaker 4: But we me and my husband are definitely both concert enthusiasts. Yeah,

447
00:23:21,720 --> 00:23:24,960
Speaker 4: so we definitely have the occasional concert that we kind

448
00:23:25,000 --> 00:23:27,280
Speaker 4: of have to ship the family over to my parents'

449
00:23:27,280 --> 00:23:27,960
Speaker 4: house to say it.

450
00:23:28,160 --> 00:23:29,720
Speaker 2: That's all right? How cool?

451
00:23:30,240 --> 00:23:30,720
Speaker 4: Yeah?

452
00:23:30,800 --> 00:23:34,440
Speaker 2: I love that. That is not what I expected. When

453
00:23:34,440 --> 00:23:36,959
Speaker 2: you're like, yep, we moved are we kept the other car?

454
00:23:37,000 --> 00:23:38,840
Speaker 2: And I was like, oh, fair enough, Like I wonder why,

455
00:23:39,320 --> 00:23:41,080
Speaker 2: and you told us that it was because you live

456
00:23:41,080 --> 00:23:43,919
Speaker 2: on in Ireland and that makes the most sense. I

457
00:23:43,920 --> 00:23:47,000
Speaker 2: couldn't have guessed. So tell me a bit more about that, Carlon.

458
00:23:47,080 --> 00:23:49,159
Speaker 2: How much is it and how long is it going

459
00:23:49,200 --> 00:23:50,840
Speaker 2: to take you to pay off that one?

460
00:23:51,160 --> 00:23:51,280
Speaker 1: Is?

461
00:23:51,680 --> 00:23:55,320
Speaker 4: It's setting at about twenty thousand now. I think we

462
00:23:56,119 --> 00:23:58,959
Speaker 4: originally sent it as a seven year loone term just

463
00:23:59,000 --> 00:24:02,560
Speaker 4: so you can have them minim repayments, because we can

464
00:24:02,600 --> 00:24:04,960
Speaker 4: definitely pay it off faster, but I don't want to

465
00:24:05,560 --> 00:24:08,560
Speaker 4: have it too short and then be stratched for cash

466
00:24:08,680 --> 00:24:12,400
Speaker 4: and be worried about a higher repayment. So that one,

467
00:24:12,440 --> 00:24:15,040
Speaker 4: I mean, we only got it later in the year

468
00:24:15,119 --> 00:24:17,200
Speaker 4: last year, so it's still got some time on it,

469
00:24:17,520 --> 00:24:21,560
Speaker 4: but it's costs. I think the four nilely repayments for

470
00:24:21,560 --> 00:24:24,240
Speaker 4: about one hundred and ninety bucks, so it's not too bad.

471
00:24:24,280 --> 00:24:26,399
Speaker 2: All right. Now, I want to know what do you

472
00:24:26,400 --> 00:24:29,320
Speaker 2: think your best money habit is? Like, you don't own

473
00:24:29,400 --> 00:24:32,560
Speaker 2: two houses before twenty one and have babies and get

474
00:24:32,600 --> 00:24:35,800
Speaker 2: married without some good money habits. I know you say, oh,

475
00:24:35,960 --> 00:24:39,960
Speaker 2: like we sometimes make mistakes. I'm like, yeah, but not really. Hey,

476
00:24:40,320 --> 00:24:43,400
Speaker 2: so what are your best money habits?

477
00:24:43,560 --> 00:24:48,760
Speaker 4: Okay, I'd say my best money habit is I don't

478
00:24:48,800 --> 00:24:52,280
Speaker 4: like paying full price for anything. Neither do I worry

479
00:24:52,320 --> 00:24:57,119
Speaker 4: sounds a little bit strange, but I will like search

480
00:24:57,480 --> 00:25:00,720
Speaker 4: every corners the internet like a discount co food, or

481
00:25:01,200 --> 00:25:03,399
Speaker 4: like wait for its gone stale, or wait for the

482
00:25:03,440 --> 00:25:08,000
Speaker 4: shot back hash back to be like increased, and try

483
00:25:08,080 --> 00:25:10,639
Speaker 4: to add up to all these little discounts to be

484
00:25:10,720 --> 00:25:16,080
Speaker 4: able to like purchase something like. I'll always when everyone's like, oh,

485
00:25:16,359 --> 00:25:19,480
Speaker 4: shot back kind of seems like, oh, well, you get

486
00:25:19,520 --> 00:25:21,960
Speaker 4: like a dollar there, a dollar here, I'm like.

487
00:25:22,000 --> 00:25:22,800
Speaker 2: It adds up.

488
00:25:23,240 --> 00:25:26,000
Speaker 4: It adds up. When I look back at my lifetime

489
00:25:26,000 --> 00:25:29,480
Speaker 4: earnings one shot back, I'm like, who am I I'm

490
00:25:29,600 --> 00:25:30,080
Speaker 4: so good.

491
00:25:30,200 --> 00:25:32,520
Speaker 2: You're a money saving queen, that's what you are.

492
00:25:32,720 --> 00:25:35,800
Speaker 4: Yeah, my shot back lifetime earnings is just over a

493
00:25:35,960 --> 00:25:36,800
Speaker 4: thousand dollars.

494
00:25:37,200 --> 00:25:39,480
Speaker 2: Yeah, that's one thousand dollars you didn't have before you

495
00:25:39,600 --> 00:25:42,680
Speaker 2: used shot back and it was free money. Like, yeah,

496
00:25:42,920 --> 00:25:43,640
Speaker 2: can't complain.

497
00:25:44,000 --> 00:25:45,840
Speaker 4: Yeah. And I think I've ever been using shot back

498
00:25:45,880 --> 00:25:47,640
Speaker 4: for like a year or two, so I'm like.

499
00:25:48,440 --> 00:25:52,160
Speaker 2: She's using it, well, I like it. You're a fan. Now,

500
00:25:52,320 --> 00:25:55,280
Speaker 2: flip the narrative, what is your worst money habit?

501
00:25:56,080 --> 00:25:59,800
Speaker 4: I would say my worst money habit is. I'm jeff

502
00:26:00,560 --> 00:26:03,720
Speaker 4: a bits then Pappy when it comes to gifting. Gift

503
00:26:03,760 --> 00:26:07,600
Speaker 4: thing is definitely my love language. And when you have

504
00:26:07,640 --> 00:26:10,120
Speaker 4: a husband and two kids, you will get trapped down

505
00:26:10,160 --> 00:26:14,040
Speaker 4: the rabbit holes. I'm like, Oh, my daughter would think

506
00:26:14,040 --> 00:26:16,440
Speaker 4: that would be so cute. I should get that for her,

507
00:26:16,640 --> 00:26:20,800
Speaker 4: And it's just spirals. So it got me into a

508
00:26:20,800 --> 00:26:23,159
Speaker 4: bit of a sticky situation for a while with after

509
00:26:23,240 --> 00:26:26,199
Speaker 4: pay because I was just putting everything after pay. But

510
00:26:26,440 --> 00:26:28,920
Speaker 4: I paid off and closed my off pay today.

511
00:26:29,200 --> 00:26:34,000
Speaker 2: Oh my god, No you didn't. Yeah, Oh congarats, yeah, And.

512
00:26:33,920 --> 00:26:36,200
Speaker 4: I was like, oh, it was just such a weight

513
00:26:36,760 --> 00:26:39,480
Speaker 4: off my shoulders because I've been in after pay cycle

514
00:26:39,560 --> 00:26:42,040
Speaker 4: for like eight year or so. So I was like, wow,

515
00:26:42,359 --> 00:26:42,880
Speaker 4: you go.

516
00:26:43,080 --> 00:26:45,680
Speaker 2: Yeah, And it's so easy to just rely on, isn't it.

517
00:26:45,760 --> 00:26:48,600
Speaker 2: Like it's a slippery slope. Like once you realize how

518
00:26:48,760 --> 00:26:51,680
Speaker 2: then this isn't me saying it's good, but like once

519
00:26:51,680 --> 00:26:54,440
Speaker 2: you realize how easy it can be to use, you're like, oh,

520
00:26:54,480 --> 00:26:57,280
Speaker 2: well that's easy then yeah, and then you slip down

521
00:26:57,280 --> 00:27:00,560
Speaker 2: the slope and realize, oh, this is actually enabling me

522
00:27:00,640 --> 00:27:03,320
Speaker 2: to spend money I shouldn't be spending. You don't really

523
00:27:03,359 --> 00:27:04,439
Speaker 2: want to get rid of it, do you.

524
00:27:04,960 --> 00:27:05,320
Speaker 4: Yeah.

525
00:27:05,440 --> 00:27:07,200
Speaker 2: Oh, I'm so proud of you, and I can't believe

526
00:27:07,200 --> 00:27:09,760
Speaker 2: you did that today. How well timed is that?

527
00:27:10,240 --> 00:27:10,520
Speaker 4: Yep?

528
00:27:10,760 --> 00:27:14,040
Speaker 2: Oh my gosh, that's actually I reckon a very perfect

529
00:27:14,040 --> 00:27:16,800
Speaker 2: place to leave it. But before we go, you've just

530
00:27:16,840 --> 00:27:20,280
Speaker 2: told me all this cool stuff, like I cannot believe

531
00:27:20,680 --> 00:27:23,640
Speaker 2: what you've achieved, and you are still, in my eyes

532
00:27:23,960 --> 00:27:27,320
Speaker 2: as a nearly middle aged someone in their thirties. Obviously

533
00:27:27,400 --> 00:27:31,520
Speaker 2: that's me being dramatic, but you're twenty one. So to me,

534
00:27:31,640 --> 00:27:34,199
Speaker 2: I'm like, you are younger than my little sister. That

535
00:27:34,240 --> 00:27:36,600
Speaker 2: doesn't make sense because my little sister in my head,

536
00:27:36,640 --> 00:27:39,520
Speaker 2: although she's like twenty nine, she's like, I don't know,

537
00:27:39,520 --> 00:27:42,200
Speaker 2: at least eighteen in my head that's where she's living.

538
00:27:42,520 --> 00:27:46,240
Speaker 2: But you're a literal young young adult and you've smashed

539
00:27:46,280 --> 00:27:48,920
Speaker 2: it all out your own two properties. When you said

540
00:27:48,960 --> 00:27:50,600
Speaker 2: I have some personal debt, I was like, ooh, what

541
00:27:50,760 --> 00:27:52,000
Speaker 2: is it? And then you said it was a Carlo

542
00:27:52,000 --> 00:27:54,359
Speaker 2: and I was like, okay, well, you know that's still

543
00:27:54,800 --> 00:27:57,879
Speaker 2: technically an asset. Yes, it's a depreciating one. So we're like,

544
00:27:57,880 --> 00:27:59,760
Speaker 2: we don't want to see it in too good of

545
00:27:59,760 --> 00:28:02,720
Speaker 2: a life, but at the same time, for your personal situation,

546
00:28:02,800 --> 00:28:06,480
Speaker 2: that made sense. You're saving, you're investing, you worked in

547
00:28:06,560 --> 00:28:09,880
Speaker 2: mortgage broking, like you now have a government agency job

548
00:28:09,880 --> 00:28:12,600
Speaker 2: in debt. Like what's it going to take to get

549
00:28:12,720 --> 00:28:15,800
Speaker 2: you from a B minus to maybe even just an

550
00:28:15,800 --> 00:28:18,280
Speaker 2: A or N A plus? Like what would that actually

551
00:28:18,320 --> 00:28:18,800
Speaker 2: look like?

552
00:28:19,200 --> 00:28:24,080
Speaker 4: I think for me, I'd like to be able to one.

553
00:28:24,240 --> 00:28:26,359
Speaker 4: I feel like, once I've paid out my car loan

554
00:28:26,680 --> 00:28:30,479
Speaker 4: and then I've got a credit card, I don't think

555
00:28:30,520 --> 00:28:32,840
Speaker 4: I'm going to close the credit card because I'm using

556
00:28:32,840 --> 00:28:37,080
Speaker 4: it for points and stuff. But once I'm not using

557
00:28:37,119 --> 00:28:40,880
Speaker 4: money that I don't have all that kind of stuff

558
00:28:41,000 --> 00:28:43,120
Speaker 4: and have paid out my personal debt, I think that's

559
00:28:43,160 --> 00:28:45,560
Speaker 4: definitely a good place to start.

560
00:28:45,840 --> 00:28:46,320
Speaker 2: I like that.

561
00:28:46,600 --> 00:28:49,760
Speaker 4: Yeah, so I'm like, I think I just I want

562
00:28:49,840 --> 00:28:52,320
Speaker 4: to get a little bit better at living below my

563
00:28:52,440 --> 00:28:58,200
Speaker 4: means and not getting as crazy about trying to keep

564
00:28:58,280 --> 00:29:01,000
Speaker 4: up the joneses, which can be difficult when all of

565
00:29:01,000 --> 00:29:03,719
Speaker 4: your friends like out partying and going on holidays and

566
00:29:03,720 --> 00:29:05,800
Speaker 4: you're like, oh, I'm homeless, stupid.

567
00:29:06,520 --> 00:29:09,160
Speaker 2: Yeah, but it's such a different circumstance because you wait

568
00:29:09,480 --> 00:29:12,600
Speaker 2: till you're like thirty nine forty and they're still at

569
00:29:12,600 --> 00:29:14,480
Speaker 2: home looking after you're the kids, and you're like, we

570
00:29:14,560 --> 00:29:16,760
Speaker 2: are having our best lives right now.

571
00:29:17,000 --> 00:29:19,280
Speaker 4: Yeah, but yeah, I think once we've wiped out our

572
00:29:19,280 --> 00:29:23,360
Speaker 4: personal debt and we're just a little bit more comfortable

573
00:29:23,400 --> 00:29:26,600
Speaker 4: spot well and not having to out all of our dollars,

574
00:29:26,640 --> 00:29:29,160
Speaker 4: I'd like to be able to just go out, go

575
00:29:29,160 --> 00:29:31,520
Speaker 4: to the shops, do my stuff and not have to

576
00:29:31,560 --> 00:29:33,680
Speaker 4: be checking my bag out to make sure there's enough

577
00:29:33,720 --> 00:29:35,680
Speaker 4: money in there. I think that's where I'd like to be,

578
00:29:36,120 --> 00:29:39,840
Speaker 4: and investing a bit more regularly, which obviously is sort

579
00:29:39,880 --> 00:29:41,000
Speaker 4: of on the back burner, but.

580
00:29:40,920 --> 00:29:43,720
Speaker 2: All of that is so doable, Like there's nothing that's

581
00:29:43,760 --> 00:29:46,800
Speaker 2: completely out of reach. That makes me so excited. So

582
00:29:46,840 --> 00:29:48,920
Speaker 2: I'll just like check in with you in a couple

583
00:29:48,920 --> 00:29:50,239
Speaker 2: of years and be like, where are you at now?

584
00:29:50,240 --> 00:29:54,520
Speaker 2: It's you, babes, I'm at a plus. Clearly I love

585
00:29:54,560 --> 00:29:57,520
Speaker 2: it money, Doris. Thank you so much for sharing this.

586
00:29:57,520 --> 00:30:01,120
Speaker 2: This has been super interesting. I'm very very proud of

587
00:30:01,160 --> 00:30:03,640
Speaker 2: what you've achieved and how far you've come, and like

588
00:30:03,960 --> 00:30:06,640
Speaker 2: all of this stuff that you're doing, but also just

589
00:30:06,680 --> 00:30:08,880
Speaker 2: this idea that you're like, no, no, no, I actually

590
00:30:08,920 --> 00:30:10,520
Speaker 2: know what it's going to take to get me to

591
00:30:10,600 --> 00:30:13,520
Speaker 2: an a plus like that. Clarity is so powerful. But

592
00:30:13,760 --> 00:30:15,840
Speaker 2: thank you for sharing with a community. I've loved this.

593
00:30:15,880 --> 00:30:18,600
Speaker 2: It's been a fun chat, and I think our community

594
00:30:18,640 --> 00:30:20,720
Speaker 2: are going to love it just as much as I did.

595
00:30:20,960 --> 00:30:23,840
Speaker 4: Thank you so much having me also assignment before I

596
00:30:23,920 --> 00:30:26,560
Speaker 4: finish that. My bank you briand is so bad that

597
00:30:26,640 --> 00:30:28,600
Speaker 4: I literally told you I'm twenty one and I am

598
00:30:28,640 --> 00:30:31,480
Speaker 4: twenty two.

599
00:30:37,160 --> 00:30:39,720
Speaker 5: The advice shared on She's on the Money is general

600
00:30:39,760 --> 00:30:43,600
Speaker 5: in nature and does not consider your individual circumstances. She's

601
00:30:43,680 --> 00:30:47,120
Speaker 5: on the Money exists purely for educational purposes and should

602
00:30:47,160 --> 00:30:50,320
Speaker 5: not be relied upon to make an investment or financial decision.

603
00:30:50,720 --> 00:30:52,960
Speaker 2: If you do choose to buy a financial.

604
00:30:52,520 --> 00:30:56,520
Speaker 5: Product, read the PDS TMD and obtain appropriate financial.

605
00:30:56,080 --> 00:30:57,880
Speaker 2: Advice tailored towards your needs.

606
00:30:58,240 --> 00:31:02,200
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

607
00:31:02,200 --> 00:31:04,600
Speaker 5: of Money sherper P T y L t D A

608
00:31:04,720 --> 00:31:07,640
Speaker 5: B N three two one six four nine two seven

609
00:31:07,720 --> 00:31:10,560
Speaker 5: seven zero eight a F s L four five one

610
00:31:10,760 --> 00:31:13,719
Speaker 5: two eight nine