Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kernye Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it. She's on the Money, She's on
Speaker 2: the Money.
Speaker 3: Hello, and welcome to She's on the Money the podcast
Speaker 3: Millennials who want financial freedom. Welcome back to another one
Speaker 3: of our money diaries where I get the absolute privilege
Speaker 3: of talking to one of our Shees on the Money
Speaker 3: community members all about their journey. Let's jump straight into it,
Speaker 3: because this week I got a message and it went
Speaker 3: like this. Hi Ve, I was married at eighteen, I
Speaker 3: owned two properties by twenty and had two babies by
Speaker 3: twenty one. I'm now working full time to support my
Speaker 3: family while studying part time. I would love to share
Speaker 3: the experience of going from a two income household to
Speaker 3: one with the community money diarists, I would also love
Speaker 3: for you to share that story. Welcome to the show,
Speaker 3: and thank you for wanting to share.
Speaker 2: Thank you for having me.
Speaker 3: I am so excited about this. I feel like married
Speaker 3: at eighteen two, properties at twenty two, babies at twenty one,
Speaker 3: like what the hecking like? That is a very condensed
Speaker 3: timeframe that I need to know a lot about. But
Speaker 3: before we get there, let's jump straight in moneyed diarist.
Speaker 3: Before we start, what grade would you give your money
Speaker 3: habits if I asked you to give them a grade
Speaker 3: from A through to F.
Speaker 2: I've been thinking a little bit on this question, and
Speaker 2: I've been going back and forward with a couple of
Speaker 2: different grades. I'd say I'd probably place myself around the
Speaker 2: B minus, but it could fluctuate a little bit depending
Speaker 2: on how sitting myself on the day.
Speaker 3: Well, we're about to learn a lot more about this,
Speaker 3: so I'm excited. Let's jump to my favorite question ever,
Speaker 3: moneyed Diarist, Can you please tell me a little bit
Speaker 3: more about your money story?
Speaker 2: Yeah? Absolutely so. I would say that I grew up
Speaker 2: in a fairly like middle income earning household. We weren't
Speaker 2: super rich, but my parents also made sure that we
Speaker 2: had everything that we needed and we were still able
Speaker 2: to enjoy like the occasional family holiday, and it wasn't
Speaker 2: down to the dollar. So it was always a pretty
Speaker 2: comfortable relationship with money I had when I was growing up.
Speaker 2: I would definitely say that when I was younger, I
Speaker 2: wasn't a very good saver. I'm still learning out to
Speaker 2: be a good saver, relatable if it's spend happy. So
Speaker 2: my parents always sort of trying to teach us how
Speaker 2: to save a bit of our money not spend it
Speaker 2: all in one place, which very few teenagers will listen
Speaker 2: to that advice.
Speaker 3: Sometimes we just have to learn on our own. Sometimes
Speaker 3: I have to make my own mistake absolutely to learn
Speaker 3: that maybe that's not what we should be doing.
Speaker 2: Definitely, So that was always a little bit of that.
Speaker 2: And then probably about three months out of high school,
Speaker 2: two three months, I found out I was pregnant with
Speaker 2: my daughter, and so that was a bit scary.
Speaker 3: That's a lot. So how old were you.
Speaker 2: I was seventeen at the time.
Speaker 3: Oh she's just a baby having a baby.
Speaker 2: Yeah, So I was, yeah, just crushed out of high school.
Speaker 2: Me and my partner which now husband, had been together
Speaker 2: a little bit over a year at the time, and.
Speaker 3: You guys are still together. Yes, I love this so much.
Speaker 2: Yeah. So we started dating in grade eleven, so we've
Speaker 2: been together for it'll be six years this year and
Speaker 2: married for three years this year. So yeah, that was
Speaker 2: a bit hectic. So I had my daughter when I
Speaker 2: was eighteen, and we didn't move out of home until
Speaker 2: I was seven eight months pregnant. I was still living
Speaker 2: with my parents at the time.
Speaker 3: I would have milked out for all of it was worth, honestly,
Speaker 3: I would have done exactly the same thing.
Speaker 2: And so we got a little one bedroom apartment we
Speaker 2: moved into when I was like eight months pregnant. I
Speaker 2: was working in the family business at the time as
Speaker 2: a trainee, so I was long training ages. They were
Speaker 2: not very good.
Speaker 3: Oh my gosh, as someone who's also like eight months
Speaker 3: pregnant right now, moving and eight months pregnant like hoofed, no,
Speaker 3: thank you, it was a lot.
Speaker 2: But we had so many people helping us out, which
Speaker 2: was amazing. We both have pretty big families, and so, yeah,
Speaker 2: we had my daughter. I was a trainee at the
Speaker 2: time and my husband was just working like casually in hospitalities.
Speaker 3: So what were you with training in.
Speaker 2: I worked well, I worked at a mortgage brokerage, so
Speaker 2: I was doing a business admin traineeship at the time.
Speaker 2: And yeah, so things with my birth my daughter didn't
Speaker 2: really go as planned. There were quite a few complications
Speaker 2: after I had her, so I wasn't able to drive
Speaker 2: or six months after I had my daughter.
Speaker 3: Oh my gosh, youre you okay now?
Speaker 2: Yes, everything's all good now. But so I wasn't able
Speaker 2: to drive for six months after I had my daughter,
Speaker 2: which was definitely a challenge.
Speaker 3: Six months, Yes, like a low key, like complete side note,
Speaker 3: I am terrified that I'll end up with a c section,
Speaker 3: purely because I don't want to not drive for six weeks. Yeah,
Speaker 3: I'm like that feels like I'll be trapped. So six
Speaker 3: months would have been terrifying.
Speaker 2: Six months it was very difficult. But thankfully where we'd moved,
Speaker 2: we were super super close to my parents' house, were
Speaker 2: only like a few streets away, so nice. With all
Speaker 2: the complications that happened with my birth, I wasn't really
Speaker 2: comfortable at saying at home by myself just with the
Speaker 2: baby while my husband was at work, so my husband
Speaker 2: would drop me off at my parents' house while he
Speaker 2: went to work because he started a full time job
Speaker 2: two weeks after we had our daughter.
Speaker 3: Oh my gosh, you really do do what you got
Speaker 3: to do.
Speaker 4: Hey.
Speaker 2: Yeah, So I was at my parents' house every day
Speaker 2: with my daughter, and I was like, well, she's just
Speaker 2: a newborn, she's just sleeping. I'm kind of bored. So
Speaker 2: I went back to work two weeks after I'd had
Speaker 2: my daughter.
Speaker 3: Oh my gosh, no, what are you doing? Also low key,
Speaker 3: your parents probably loved having you and her around. Oh yeah,
Speaker 3: often it was.
Speaker 2: We were the first grand baby on my side and
Speaker 2: my husband's side of the family, so it was absolutely spoiled.
Speaker 2: D Yeah. So I didn't really take maternity leave after
Speaker 2: having my daughter. I was just working from home at
Speaker 2: my parents' place. Then pretty much into like a drive again,
Speaker 2: or I would go into the office with my family
Speaker 2: because we all worked at the same place. And then
Speaker 2: so yeah, that was that. And then come into the
Speaker 2: end of twenty twenty, so I'd had my daughter in
Speaker 2: September and December, we were like, look, we're not going
Speaker 2: to be in this rental property forever. We'd only signed
Speaker 2: the six month lease at the time, and we were like,
Speaker 2: the rental market isn't great. The real estate market. I
Speaker 2: kind of knew what was going on, and I was like,
Speaker 2: the housing market is going to be going up. If
Speaker 2: we don't take advantage of it now, we're never going
Speaker 2: to be able to And we were obviously in the
Speaker 2: privileged position that my family was able to give up
Speaker 2: loan US money to be able to purchase a house.
Speaker 2: So we found the one house in our area that
Speaker 2: was within our price range. It was an off the
Speaker 2: plan and.
Speaker 3: You were like, oh, buy this one because this is
Speaker 3: the only.
Speaker 2: The only option. Yeah, it was an off the plan,
Speaker 2: and we were like, we need to have a contract
Speaker 2: signed by the end of the year so we can
Speaker 2: get all of these grants and everything. So it was
Speaker 2: very on the whim, signed it like a week or
Speaker 2: two up. We decided that's what we were doing, and
Speaker 2: then that was built by June of twenty twenty one.
Speaker 2: We moved in June twenty twenty one and that was
Speaker 2: our first house. So we were there for a year
Speaker 2: year and a half. But the property market, as I said,
Speaker 2: went up really really quickly. So we bought our house
Speaker 2: and within like six to twelve months, it had gone
Speaker 2: up by like at least one hundred thousand dollars in value.
Speaker 3: Oh my gosh, money, win, that's some nice equity.
Speaker 2: It wasn't nice equity. So I was like, look, we
Speaker 2: could take out some of this equity and look and
Speaker 2: see if there's any investment properties so that we'd be
Speaker 2: interested in buying. I was like, we're on a roll.
Speaker 2: Why stop now. So we were able to take out
Speaker 2: some equity and find a little studio property that was
Speaker 2: super cheap and already had attendant in it and everything,
Speaker 2: and we purchased that at the start of twenty twenty one.
Speaker 2: And then that could have sort of just blotted along.
Speaker 2: There wasn't really anything to do with that. And then
Speaker 2: I found out that I was pregnant with my son
Speaker 2: in December of twenty twenty two, and it was just
Speaker 2: a little bit of a whirlwind. So we'd had both
Speaker 2: the houses and we were like, look, what is the plan.
Speaker 2: So we sort of sat down, looked at our finances,
Speaker 2: looked at everything, and we were like, we can make
Speaker 2: it work staying in our house. But at that point,
Speaker 2: both my husband and I were studying, and so we
Speaker 2: decided probably not the best financial decision unless we want
Speaker 2: to be counting pennies. And so again we were in
Speaker 2: the privileged position that my grandmother had heats of room
Speaker 2: at her house. And so I had my son in
Speaker 2: August twenty twenty three again and say getting maternityly because
Speaker 2: I was just like, I'm too bored to sit at
Speaker 2: home with a newborn.
Speaker 3: I'll just go crazy as someone who's about to have
Speaker 3: a baby. And honestly, your work ethic sounds like mine.
Speaker 3: Sometimes people were like, oh my gosh, that's so admirable,
Speaker 3: and I'm like, no, I would go up the wall
Speaker 3: if you didn't let me work, like I will go crazy,
Speaker 3: Like I need to do this. I can't imagine, and
Speaker 3: like I'm lucky that I've been around so many newborns
Speaker 3: and I know they do sleep a lot, Like what
Speaker 3: am I going to do in that period of time?
Speaker 3: I know people say you need sleep, but I'm like
Speaker 3: I don't sleep at the best of times. So don't
Speaker 3: know how this is going to work. Was going back
Speaker 3: like in hindsight at two weeks was that too early?
Speaker 3: Were you like no, no, no, I just all worked
Speaker 3: out and I like balanced it, or like what did
Speaker 3: that actually look like I think was my daughter.
Speaker 2: It was okay because I was just working from home
Speaker 2: and there were so many people in the house that
Speaker 2: was able to help. Even when my daughter was like awake,
Speaker 2: I was breastfeeding with all the complications, so it was
Speaker 2: pretty easy. I could like get someone else to feed
Speaker 2: her if I was busy doing something. So with my daughter,
Speaker 2: that was good. With my son, I definitely think I
Speaker 2: pushed myself a little bit too hard. I was working
Speaker 2: up until the day that I got in juice. I
Speaker 2: went to work on the Friday morning, worked a half day,
Speaker 2: and then went to the hospital on a Friday afternoon
Speaker 2: to get in juice.
Speaker 3: I feel like that will be me. I regret nothing already.
Speaker 2: Yeah, and then I was planning on just going back
Speaker 2: to work on Monday, but I was still in the
Speaker 2: hospital on Monday. No, I was still in the hospital
Speaker 2: on Monday. I got discharged Monday, and she's so warning.
Speaker 2: I was working on my laptop with my son. He's
Speaker 2: like three days crazy.
Speaker 3: But I think that people think I'm going to be bad.
Speaker 3: I'm not going to be that bad, Like that's bad.
Speaker 2: I'm like, I think that was like, it was definitely
Speaker 2: pushing it. I mean, I still feel like it was
Speaker 2: the right decision for me at the time. I don't
Speaker 2: think i'd necessarily change it, but I definitely think like
Speaker 2: future children, now that we would have like three or
Speaker 2: more kids, I would definitely take the time to just
Speaker 2: take my fair share of praternity leaves. But following yeah, fair,
Speaker 2: but yeah no, I think looking back on it, in hindsight,
Speaker 2: it definitely was what I would do even if I
Speaker 2: went back, and I might get myself another week or two,
Speaker 2: but I just think I would have been too bored.
Speaker 3: Yeah fair, Fair, So you've had your second son, you
Speaker 3: started in mortgage breaking, what are you now studying? Like,
Speaker 3: where are we at today?
Speaker 2: So at the moment, I'm studying. I'm doing a double
Speaker 2: degree in business and psychology. I've just started this last
Speaker 2: summer semester. I'm finishing my first semester at the moment,
Speaker 2: so I've just gone back into it. But yeah, I'm
Speaker 2: just doing that part time and I'm no longer working
Speaker 2: in mortgage brokerage. So in October we moved in with
Speaker 2: my grandma and we put our previous house we were
Speaker 2: living in also up on the market. And then in
Speaker 2: November I started my new job. So I'm working in
Speaker 2: a government agency now in like debt, and so that
Speaker 2: is Monday to Friday, like eight thirty to four point thirty. So,
Speaker 2: timmy just kind of revolves around that at the moment.
Speaker 3: How cool. And you said that you now have a
Speaker 3: one income household. Does that mean that your partner is
Speaker 3: not working?
Speaker 2: Yes, so my partner is now a full time stay
Speaker 2: at home dad, okay you He's also going back to
Speaker 2: full time UNI in a couple of weeks. So when
Speaker 2: we moved, because it was just such a big shift,
Speaker 2: we figured we take the kids out of day care
Speaker 2: for a little bit and just let them settle with
Speaker 2: one change at a time. So just get them a
Speaker 2: couple months to settle into the new environment. So both
Speaker 2: of the kids will be going into daycare in the
Speaker 2: next two weeks the sum of February, and my husband
Speaker 2: will be going back into UNI menpav, So that'll be
Speaker 2: in daycare three days a week and then with him
Speaker 2: the other two.
Speaker 3: Yeah cool, I love this for you, all right. So
Speaker 3: that makes me want to go back into the structured
Speaker 3: questions that I always bring to the table, but get
Speaker 3: completely sidetracked on what does that mean you earn if
Speaker 3: you work for a government agency in debt, what are
Speaker 3: you earning?
Speaker 2: So at the moment, I'm on sixty seven, five hundred
Speaker 2: and seventy seven dollars a year. That's not very specific, Yeah,
Speaker 2: very very broad, and my super I completely got checked.
Speaker 2: But it's like fourteen fifteen per cent super on top.
Speaker 3: Of that, very very real. Nice. And you've bought and
Speaker 3: sold properties, You've had babies, you've already gotten married. But
Speaker 3: what are your big money goals at the moment? What
Speaker 3: are you and your partner working towards.
Speaker 2: Well, we'll dive into it like a little bit later
Speaker 2: as well. At the moment, we're just trying to pay
Speaker 2: off most of our personal debt, so we are actually
Speaker 2: in debates in the moment about selling one of our
Speaker 2: investment properties to be able to just wipe house late
Speaker 2: and be pretty free. Well we're still on one income,
Speaker 2: but that's still in the debating stage. But yeah, at
Speaker 2: the moment, we're just focusing on paying down the debt.
Speaker 2: And we've got quite a few big family holidays planned
Speaker 2: over the next few years which will be quite expensive,
Speaker 2: so we're saving for those as well.
Speaker 3: Oh exciting though, Yeah, how fun? All right? Let's go
Speaker 3: to a really quick break. And on the flip side,
Speaker 3: you mentioned some personal debt. I want to dive into that.
Speaker 3: I also want to know all the pervy details about
Speaker 3: what mortgages you still have and what you owe and
Speaker 3: how all of that works. So guys don't go anywhere,
Speaker 3: all right, money Direct do We are back and we
Speaker 3: are going to start with investment. I wantn't know. Obviously
Speaker 3: you've got investment properties, but do you have any investments?
Speaker 3: If so, what are they? Please share?
Speaker 2: Yeah? Of course, so yeah, obviously we have our to
Speaker 2: investment properties. So did you want my values of them?
Speaker 1: Oh?
Speaker 3: I want as much detail as you'll let us have. Like,
Speaker 3: have you ever listened to a money diary and been like, damn,
Speaker 3: I wish you didn't tell me how much she owed
Speaker 3: on that?
Speaker 2: No, No, that's totally fine. So our first property we
Speaker 2: ever bought, which was our owner occupied homes for a while,
Speaker 2: is probably worse between like five hundred and five to
Speaker 2: fifty at the moment, and we've got owing on that
Speaker 2: about four hundred and fifteen thousands.
Speaker 3: Hey, that's pretty good. It's still sitting on some nice equity.
Speaker 2: Yeah, it's not bad. And then our second property we
Speaker 2: bought for eighty six thousand dollars.
Speaker 3: No, you didn't eighty six thousand dollars.
Speaker 2: Yeah. Hell, it was a little studio up in like
Speaker 2: North Queensland, so we bought it for eighty six and
Speaker 2: it's probably like between one hundred and thirty do one
Speaker 2: hundred and fifty thousand now.
Speaker 3: No, it's not. How good is that?
Speaker 2: Yeah? And that one we've got about seventy eight thousand
Speaker 2: dollars owing on it.
Speaker 3: That's a nice position to be in.
Speaker 2: Yeah, so there's some good equity in both of them.
Speaker 2: And then obviously I've got my Super. So my super's
Speaker 2: sitting just over sixteen thousand at the moment.
Speaker 3: How old are you now today, I'm twenty one. Yeah,
Speaker 3: so you're still a child and you've got sixteen thousand
Speaker 3: dollars in Super. You've got two properties. You've got some
Speaker 3: nice equity on it. Like how at twenty one I
Speaker 3: was drunk. I definitely wasn't thinking about this.
Speaker 2: Yeah, So my goal is I'm hoping to get to
Speaker 2: twenty five thousand dollars and Super by the end of the.
Speaker 3: YEA, yeah you will, don't worry.
Speaker 2: I know that I'll get to twenty but I'm hoping
Speaker 2: I'll only get to twenty five. I have sat down
Speaker 2: and worked out the numbers exactly, and then I've also
Speaker 2: got a chare Zia's account has just over six hundred
Speaker 2: dollars in it at the moment.
Speaker 3: How did you get involved with chare Zias? I can like,
Speaker 3: what did you pick? How did you pick it? What
Speaker 3: did all that look like? Well, I heard about Chazea's
Speaker 3: on the show Well Revolutionary.
Speaker 2: Previously, all my investing information had come from all of
Speaker 2: the men in my life, so it was use this
Speaker 2: super detailed app and you have to write down this
Speaker 2: twenty seven word secret password and do all of this thing.
Speaker 2: And I was like, that's that's too much for me, No,
Speaker 2: thank you. So yeah, I heard about chair Zia's on
Speaker 2: the podcast and I just downloaded it, and I don't know,
Speaker 2: I kind of bigger all of the money that I'm
Speaker 2: putting in it at the moment. Obviously the goal is
Speaker 2: for that to make money in the future, but at
Speaker 2: the moment, I'm only putting in little amounts. I'm really
Speaker 2: just sort of playing around seeing what I like. So
Speaker 2: I've got kind of a mixture of like more safe things.
Speaker 2: So I've got some like ETFs and all that kind
Speaker 2: of stuff, and then I'll just put in like a
Speaker 2: few dollars here and then to companies that I'm just
Speaker 2: interested in following and seeing how they track over the years.
Speaker 3: And do you find it easy or hard or like, obviously,
Speaker 3: I feel like people are overwhelmed, right, People are so
Speaker 3: overwhelmed when they're like, oh, an investing app. Absolutely not,
Speaker 3: but like it is easy whishasis or hard.
Speaker 2: Or yeah, chases are super super user friendly and so
Speaker 2: obviously at the moment, I haven't been putting any extra
Speaker 2: money into it really, but whenever, I just hop on
Speaker 2: every now and then, and if I've gotten paid a
Speaker 2: little dividends from one of my investments, so I'll just
Speaker 2: put it back in to it, right rude.
Speaker 3: Yeah, I love that you're learning about it all as well,
Speaker 3: in like a way that you're like, no, this makes sense,
Speaker 3: like I like it and I get to have a
Speaker 3: play like yeah, ah, I love it all. Right, let's
Speaker 3: flip the conversation, because I want to know about debt.
Speaker 3: Before the break, you said, Oh, my partner and I
Speaker 3: we're gonna be paying down some personal debt, So tell
Speaker 3: me about your debt. You told us about the mortgages.
Speaker 3: So we know that on your first property you have
Speaker 3: about four hundred and fifteen thousand, oh ing at about
Speaker 3: seventy on the other one, But what's this personal debt?
Speaker 3: Tell us?
Speaker 2: So at the moment, I've got a car loan. So
Speaker 2: shortly before I had my son, we had had two
Speaker 2: cars and we sold. I had a little car, we'd
Speaker 2: sold that, and we were just like, look, we only
Speaker 2: are gonna need one car when we move on with
Speaker 2: my grandmother, so we'll just keep my husband's car. And
Speaker 2: we kind of just assumed at the time it would
Speaker 2: be big enough. And then we got my son's carsiet
Speaker 2: and the double cram and I was like, there is
Speaker 2: no way that this car. Absolutely not. So we kind
Speaker 2: of had to perch the car and I was like,
Speaker 2: we don't really have car money, but our sun is
Speaker 2: due in three weeks. That's the we option we have.
Speaker 2: So we had to get a car loan. So that
Speaker 2: one's sitting about twenty thousand now, and we ended up
Speaker 2: actually just keeping my husband's car because like a bit
Speaker 2: off track, but my grandmother lives on an island.
Speaker 3: On an island, yes.
Speaker 2: So we have my husband's car on the island and
Speaker 2: we use that as just like our island car because
Speaker 2: it's owned outright, there's no debt against it or anything.
Speaker 2: So my car on like the mainland has the carloon
Speaker 2: against it. And then we've got a credit card as well.
Speaker 2: That's six thousand, and that's mostly massed out at the
Speaker 2: moment with moving costs and baby costs.
Speaker 3: Yes, and baby costs are a lot, a lot so much. Wait,
Speaker 3: so you've moved to an island. You failed to disclose
Speaker 3: that part before. That sounds bougie. The fact that you
Speaker 3: have an island car and a mainland car. How do
Speaker 3: you get from the mainland to the island, Like you
Speaker 3: just drive home and then go for a little swim,
Speaker 3: Like what are we doing?
Speaker 2: So there's a ferry and a barge. So the faerry
Speaker 2: is like walk on passengers only, and that operates from
Speaker 2: sort of like five six in the morning up until
Speaker 2: ten thirty at night, and it's like an every half
Speaker 2: hour basis, so it's pretty regular. And then the barge
Speaker 2: just operates really during the day, so it's yeah, that's
Speaker 2: pretty early around six. That only operates till about like
Speaker 2: three or four, and that's you can drive your car onto,
Speaker 2: but you can also walk on if you'd like. So
Speaker 2: you have to go from the mainland park in the
Speaker 2: little car park that everyone parks in, and then get
Speaker 2: onto the ferry, take the ferry home to the island
Speaker 2: and then you can like drive up to the house
Speaker 2: from there.
Speaker 3: Oh my gosh, so you've kind of got a curfew
Speaker 3: at home. What if you have a party or something
Speaker 3: on the mainland, what do you do at the moment?
Speaker 2: Really, like, if we have anything that we know are
Speaker 2: not going to make the last very home, We'll just
Speaker 2: plan to stay with my family yep that night and
Speaker 2: I'll just go to work and then we'll go home
Speaker 2: the next day. But we aren't exactly packed out with
Speaker 2: social events for two kids, so it's not a massive problem.
Speaker 2: But we me and my husband are definitely both concert enthusiasts. Yeah,
Speaker 2: so we definitely have the occasional concert that we kind
Speaker 2: of have to ship the family over to my parents'
Speaker 2: house to say it.
Speaker 3: That's all right? How cool?
Speaker 2: Yeah?
Speaker 3: I love that. That is not what I expected. When
Speaker 3: you're like, yep, we moved, are we kept the other car?
Speaker 3: And I was like, oh, fair enough, Like I wonder
Speaker 3: why and you told us that it was because you
Speaker 3: live on in Ireland and that makes the most sense.
Speaker 3: I couldn't have guessed. So tell me a bit more
Speaker 3: about that, Carlon. How much is it and how long
Speaker 3: is it going to take you to pay off?
Speaker 2: That one?
Speaker 1: Is?
Speaker 2: It's setting at about twenty thousand now. I think we
Speaker 2: originally sent it as a seven year loone term just
Speaker 2: so you can have them minim repayments, because we can
Speaker 2: definitely pay it off faster, but I don't want to
Speaker 2: have it too short and then be stratched for cash
Speaker 2: and be worried about a higher repayment. So that one,
Speaker 2: I mean, we only got it later in the year
Speaker 2: last year, so it's still got some time on it,
Speaker 2: but it's costs. I think the four nilely repayments for
Speaker 2: about one hundred and ninety bucks, so it's not too bad.
Speaker 3: All right. Now, I want to know what do you
Speaker 3: think your best money habit is? Like, you don't own
Speaker 3: two houses before twenty one and have babies and get
Speaker 3: married without some good money habits. I know you say, oh,
Speaker 3: like we sometimes make mistakes. I'm like, yeah, but not really. Hey,
Speaker 3: so what are your best money habits?
Speaker 2: Okay, I say my best money habit is. I don't
Speaker 2: like paying full price for anything. Neither do I worry
Speaker 2: sounds a little bit strange, but I will like search
Speaker 2: every corners the internet like a discount co food or
Speaker 2: like wait for its gone stale, or wait for the
Speaker 2: shot back hash back to be like increased, and try
Speaker 2: to add up to all these little discounts to be
Speaker 2: able to like purchase something like. I'll always when everyone's like, oh,
Speaker 2: shot back kind of seems like, oh, well, you get
Speaker 2: like a dollar there, a dollar here, I'm like.
Speaker 3: It adds up.
Speaker 2: It adds up. When I look back at my lifetime
Speaker 2: earnings one shot back, I'm like, who am I? I'm
Speaker 2: so good.
Speaker 3: You're a money saving queen, that's what you are.
Speaker 2: Yeah. My shot back lifetime earnings is just over a
Speaker 2: thousand dollars.
Speaker 3: Yeah, that's one thousand dollars you didn't have before you
Speaker 3: used shot back and it was free money. Like, yeah,
Speaker 3: can't complain.
Speaker 2: Yeah. And I think I've ever been using shot back
Speaker 2: for like a year or two, so I'm like, she's
Speaker 2: using it.
Speaker 3: Well, I like it. You're a fan. Now, flip the narrative,
Speaker 3: what is your worst money habit?
Speaker 2: I would say my worst money habit is. I'm jeff
Speaker 2: a bits then Pappy. When it comes to gifting. Gift
Speaker 2: thing is definitely my love language. And when you have
Speaker 2: a husband and two kids, you will get trapped down
Speaker 2: the rabbit holes. I'm like, oh, my daughter would think
Speaker 2: that would be so cute. I should get that for her,
Speaker 2: And it's just spirals. So it got me into a
Speaker 2: bit of a sticky situation for a while with after
Speaker 2: pay because I was just putting everything after pay. But
Speaker 2: I paid off and closed my off pay today.
Speaker 3: Oh my god, No you didn't. Yeah, oh congarats yeah, And.
Speaker 2: I was like, oh, it was just such a weight
Speaker 2: off my shoulders because I've been in after pay cycle
Speaker 2: for like eight year or so. So I was like, wow,
Speaker 2: you go.
Speaker 3: Yeah, And it's so easy to just rely on, isn't it.
Speaker 3: Like it's a slippery slope. Like once you realize how
Speaker 3: then this isn't me saying it's good, but like once
Speaker 3: you realize how easy it can be to use, you're like, oh,
Speaker 3: well that's easy then yeah, And then you slip down
Speaker 3: the slope and realize, oh, this is actually enabling me
Speaker 3: to spend money I shouldn't be spending. You don't really
Speaker 3: want to get rid of it, do you.
Speaker 2: Yeah?
Speaker 3: Oh, I'm so proud of you, and I can't believe
Speaker 3: you did that today. How well timed is that?
Speaker 2: Yep?
Speaker 3: Oh my gosh, that's actually I reckon a very perfect
Speaker 3: place to leave it. But before we go, you've just
Speaker 3: told me all this cool stuff, like I cannot believe
Speaker 3: what you've achieved, and you are still, in my eyes
Speaker 3: as a nearly middle aged someone in their thirties. Obviously
Speaker 3: that's me being dramatic, but you're twenty one. So to me,
Speaker 3: I'm like, you are younger than my little sister. That
Speaker 3: doesn't make sense because my little sister in my head,
Speaker 3: although she's like twenty nine, she's like, I don't know,
Speaker 3: at least eighteen in my head that's where she's living.
Speaker 3: But you're a literal young young adult and you've smashed
Speaker 3: it all out your own two properties. When you said
Speaker 3: I have some personal debt, I was like, ooh, what
Speaker 3: is it? And then you said it was a Carlo
Speaker 3: and I was like, okay, well, you know that's still
Speaker 3: technically an asset. Yes, it's a depreciating one. So we're like,
Speaker 3: we don't want to see it in too good of
Speaker 3: a life, but at the same time, for your personal situation,
Speaker 3: that made sense. You're saving, you're investing, You worked in
Speaker 3: mortgage broking, like you now have a government agency job
Speaker 3: in debt. Like what's it going to take to get
Speaker 3: you from a B minus to maybe even just an
Speaker 3: A or N A plus? Like what would that actually
Speaker 3: look like?
Speaker 2: I think for me, I'd like to be able to one.
Speaker 2: I feel like, once I've paid out my car loan
Speaker 2: and then I've got a credit card, I don't think
Speaker 2: I'm going to close the credit card because I'm using
Speaker 2: it for points and stuff. But once I'm not using
Speaker 2: money that I don't have all that kind of stuff
Speaker 2: and have paid out my personal debt, I think that's
Speaker 2: definitely a good place to start.
Speaker 3: I like that.
Speaker 2: Yeah, So I'm like, I think I just I want
Speaker 2: to get a little bit better at living below my
Speaker 2: means and not getting as crazy about trying to keep
Speaker 2: up the joneses, which can be difficult when all of
Speaker 2: your friends like out partying and going on holidays and
Speaker 2: you're like, oh, I'm homeless, stupid.
Speaker 3: Yeah, but it's such a different circumstance because you wait
Speaker 3: till you're like thirty nine forty and they're still at
Speaker 3: home looking after you're the kids, and you're like, we
Speaker 3: are having our best lives right now.
Speaker 2: Yeah, but yeah, I think once we've wiped out our
Speaker 2: personal debt and we're just a little bit more comfortable
Speaker 2: spot well and not having to out all of our dollars,
Speaker 2: I'd like to be able to just go out, go
Speaker 2: to the shops, do my stuff and not have to
Speaker 2: be checking my bag out to make sure there's enough
Speaker 2: money in there. I think that's where I'd like to be,
Speaker 2: and investing a bit more regularly, which obviously is sort
Speaker 2: of on the back burner, but.
Speaker 3: All of that is so doable, Like there's nothing that's
Speaker 3: completely out of reach. That makes me so excited. So
Speaker 3: I'll just like check in with you in a couple
Speaker 3: of years and be like, where are you at now?
Speaker 3: It's you, babes, I'm at a plus. Clearly, I love
Speaker 3: it money, Doris. Thank you so much for sharing this.
Speaker 3: This has been super interesting. I'm very very proud of
Speaker 3: what you've achieved and how far you've come, and like
Speaker 3: all of this stuff that you're doing, but also just
Speaker 3: this idea that you're like, no, no, no, I actually
Speaker 3: know what it's going to take to get me to
Speaker 3: an A plus like that. Clarity is so powerful. But
Speaker 3: thank you for sharing with a community. I've loved this.
Speaker 3: It's been a fun chat, and I think our community
Speaker 3: are going to love it just as much as I did.
Speaker 2: Thank you so much having me also assignment before I
Speaker 2: finish that my bank, your friend is so bad that
Speaker 2: I literally told you I'm twenty one and I own
Speaker 2: twenty two.
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