Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
Speaker 1: the Order Kerni 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.
Speaker 3: She's on the Money, She's on the Money.
Speaker 2: Hello, and welcome to She's on the Money the.
Speaker 4: Podcast are millennials who want financial freedom. Welcome back to
Speaker 4: another one of our money diaries where I get the
Speaker 4: privilege of talking to one of our beautiful She's on
Speaker 4: the Money community members all about their journey. Let's jump
Speaker 4: straight into it, because this week I got a message
Speaker 4: and it went like this Hive. I came to Australia
Speaker 4: from the Philippines on a student visa almost thirteen years ago.
Speaker 4: I was a struggling student who worked odd jobs to
Speaker 4: support my studies.
Speaker 2: And cost of living here.
Speaker 4: I had some pretty traumatizing experiences that made me almost
Speaker 4: want to go back home. However, I was firm that
Speaker 4: I wanted to make Australia my home. Fast forward to today,
Speaker 4: I'm an Australian citizen who earns between one hundred and
Speaker 4: eighty and two hundred thousand dollars a year plus super
Speaker 4: works as a travel nurse all over the country and
Speaker 4: is now working towards my fourth investment property. I also
Speaker 4: have managed to bring my sister here, who's now a
Speaker 4: citizen herself, as well as my nineteen year old brother
Speaker 4: money diarist.
Speaker 5: What I feel like crying here is that.
Speaker 4: Wow, I'm just so impressed. Is your family like super
Speaker 4: proud of you?
Speaker 5: I think? So?
Speaker 4: Yah?
Speaker 2: What do you mean you think so? I absolutely know so.
Speaker 4: That is crazy to me to go from being in
Speaker 4: the Philippines knowing what the average salary is like, wanting
Speaker 4: a better life, having gone through some traumatic experiences, and
Speaker 4: now going, you know what, I earn between one hundred
Speaker 4: and eighty and two hundred grand.
Speaker 2: All by myself, Like, are you joking? I'm so proud
Speaker 2: of you. Can we learn a little bit more about this,
Speaker 2: Let's do a money diary.
Speaker 5: Oh, I'm actually very nervous.
Speaker 2: Oh, don't be nervous. I promise I don't buy it.
Speaker 2: Let's jump into it.
Speaker 4: The first question I always ask our money diarists, what
Speaker 4: grade would you give your money habits from an A
Speaker 4: through to an F.
Speaker 5: I've been thinking about this a lot. I think I
Speaker 5: want to give myself a B plus.
Speaker 2: A B plus.
Speaker 4: All right, let's learn more about that, because I already
Speaker 4: know I don't agree, but that is Okay, money diarist,
Speaker 4: tell me a little bit more about your upbringing and
Speaker 4: your money story.
Speaker 5: Okay, So I'm the second eldest of six kids. I
Speaker 5: think we are from a middle income family. My parents
Speaker 5: own a meat shop, and whilst I know they were
Speaker 5: earning good money for Philipino standards, my dad is a
Speaker 5: chronic gambler.
Speaker 4: No.
Speaker 5: Yeah, for almost four decades of their married life, Like,
Speaker 5: I've witnessed them fighting over money, and I've witnessed my
Speaker 5: parents telling at least nine properties to pay for my
Speaker 5: dad's debts. My dad is a good guy, but it's
Speaker 5: just as an addiction.
Speaker 4: I like that you preface that because I think sometimes
Speaker 4: when you talk about addiction, people automatically go that's an
Speaker 4: awful thing.
Speaker 2: That's a bad person trait.
Speaker 4: It's not like people who have addictions are just people
Speaker 4: with addictions, Like they can be the kindest, best human
Speaker 4: beings in the entire world, and they're struggling with something
Speaker 4: and need support.
Speaker 2: So that must be really hard on your family, very hard.
Speaker 5: Growing up. I've seen how my mom has weathered all
Speaker 5: the storm. She was really good with money. I knew
Speaker 5: that we had the money to buy things, but we
Speaker 5: grew up not forgetting what we want. I remember going
Speaker 5: to Thistroy store and I wouldn't say a word because
Speaker 5: I know what my mom would say, Oh, we don't
Speaker 5: have the money to buy that, although I knew that
Speaker 5: they had the money. But thinking of it, if my
Speaker 5: mom wasn't like that, we probably would have not graduated.
Speaker 5: Because in the Philippines, going to UNI it's not free.
Speaker 5: If you have any medical problems, if you get hospitalized,
Speaker 5: it's not free. We don't have those subsidies. So my
Speaker 5: parents has wheathered all the storms. In now she start
Speaker 5: four professionals. Once an orthodontist and then I'm a nurse,
Speaker 5: and then a medical laboratory science and another one's a doctor.
Speaker 2: Oh my god, she must be so proud of all
Speaker 2: of her babies.
Speaker 5: I'm so proud of my mom, Like, yeah, she's my inspiration.
Speaker 2: I love her.
Speaker 4: What a woman like, especially to go through that for
Speaker 4: literally four decades and to still be like, no, I'm
Speaker 4: supporting my family.
Speaker 2: We're going to get here. I need to be the
Speaker 2: strong one, like, uh, women acquaens, aren't they?
Speaker 5: Yeah? And she was the one who pushed me to
Speaker 5: go to Australia. So to give you a bit of
Speaker 5: a background, So I'm a registered nurse back in my country,
Speaker 5: but at that time, there were so many nursing graduates
Speaker 5: and there wasn't enough work for us. What's happening before
Speaker 5: was we would go and be forced. Did you volunteer
Speaker 5: work so unpaid labor so that we could get experience?
Speaker 5: Because my ultimate goal at the time was to get
Speaker 5: out of my country.
Speaker 4: Yeah.
Speaker 5: Wow, Like a registered nurse probably will get paid less
Speaker 5: than three hundred dollars a month.
Speaker 4: My god, three hundred dollars a month for such a
Speaker 4: critical role.
Speaker 2: That is so unfair. Absolutely not.
Speaker 5: I remember I was in my early twenties and I
Speaker 5: didn't have the money to go for holidays or to
Speaker 5: buy things and all that, and I would still ask
Speaker 5: money for my parents. I remember bringing work kilos of
Speaker 5: meat to sell for my colleagues so I can help,
Speaker 5: I can lit a bit of fundy.
Speaker 2: Oh my gosh, how did you source that?
Speaker 5: Well, my parents have meet shop.
Speaker 2: Yeah, yeah, yeah, that's right.
Speaker 4: I was like, so you're just organizing all of their
Speaker 4: snacks and dinners as well as doing your work.
Speaker 2: Oh my gosh.
Speaker 4: And so tell me more about this journey. Obviously at
Speaker 4: this point you still hadn't left the Philippines.
Speaker 5: Yeah. So what my end goal was to go to
Speaker 5: the US. I did my qualifying exam and passed my
Speaker 5: it's called MPEx, so I got my license to the US,
Speaker 5: got a sponsorship for being hard. But then the piece
Speaker 5: of backlog was so hard and it was taking me
Speaker 5: ages to go there. I was like, okay, maybe I'll
Speaker 5: try to Canada, but then I got scammed. No what,
Speaker 5: My mom gave a lot of money to them and
Speaker 5: for nothing, and I decided I'll probably go to Saudi Arabia,
Speaker 5: but my experience at the time wasn't enough, so they
Speaker 5: rejected me too. So I was really resigned, and she said,
Speaker 5: why don't you go to Australia on a student visa
Speaker 5: because I know someone on a student visa and she's
Speaker 5: actually doing very well. So at the time, I was
Speaker 5: just feeling resigned, and I just wanted my mom to
Speaker 5: decide for me. After all, she's the one who's going
Speaker 5: to give me the money, so I let her decide
Speaker 5: for my life. So I came here on a student visa,
Speaker 5: but it was just one year. For you to study here,
Speaker 5: you needed to show funds how you could afford living
Speaker 5: here in Australia, and we didn't have enough show money.
Speaker 5: So it was just one year and I had no
Speaker 5: idea what I was going to do here in Australia.
Speaker 5: I knew I couldn't do nursing because to become a
Speaker 5: nurse year, even though I was already a registered nurse
Speaker 5: in the Philippine, I had to study again. And I
Speaker 5: think it's like thirty thousand dollars per semester for two years.
Speaker 4: Yeah, for international students. It's so insane, it's so ridiculous.
Speaker 5: Yeah, So there's no way I could be able to
Speaker 5: afford it. So I've got the cheapest course I could
Speaker 5: get from the cheapest school that could accept me. Yeah,
Speaker 5: and I did certificate for Information Technology and I had
Speaker 5: no plans at the time. I was like thinking, or
Speaker 5: maybe before my visa ends, I'll find a guy who
Speaker 5: I fall in love with and give me a bison
Speaker 5: or something.
Speaker 2: I love.
Speaker 4: This planet's gone from I should find a guy to
Speaker 4: give me a visa to. By the way, I earned
Speaker 4: two hundred grand on my own and I don't need
Speaker 4: no man.
Speaker 2: This is a good story. This is my favorite story.
Speaker 5: I'm thinking very much single.
Speaker 2: Now, you're just too intimidating for the men. I I
Speaker 2: don't know.
Speaker 5: But anyway, so I had to work on jobs, do
Speaker 5: house cleaning and babysitting, and I was actually at one
Speaker 5: point put into a position where my client didn't actually
Speaker 5: want me to clean and do something else for him.
Speaker 4: No.
Speaker 5: Yeah, I was super scared at that time, but thankfully
Speaker 5: he did not force me. And yeah, I told my
Speaker 5: sister and I told her not to tell my mom,
Speaker 5: but she ended up telling my mom. She was asking
Speaker 5: me to go home, but I was like, come this
Speaker 5: way to go home, I'm not going. So I just
Speaker 5: learned how to be more mindful of accepting jobs and
Speaker 5: all that, and I made it through. And then I
Speaker 5: remember I had this client who told me that she
Speaker 5: had another babysitter who did her bridging program as a nurse. Yeah,
Speaker 5: and it only took her three months and it was
Speaker 5: I think thirteen thousand dollars at that time. So that
Speaker 5: was my aim. I decided, I'll save up for this money,
Speaker 5: I'll do the bridging course and that happened. And then yeah,
Speaker 5: fast forward to today, I'm a travel registered nurse who
Speaker 5: travel solover Australia and yeahs now, this investment properties, I'm
Speaker 5: still counting.
Speaker 2: I cannot believe that.
Speaker 4: And so we ended up being lucky enough to get
Speaker 4: you in Australia and you're gonna stay here.
Speaker 5: Oh of course, yes, this is my whole now.
Speaker 2: So we get to keep you.
Speaker 4: I love this, and we now have your sister and
Speaker 4: your nineteen year old brother. I adore this. So let's
Speaker 4: talk more about money. You obviously mentioned that you're a
Speaker 4: traveling nurse. We've mentioned what you earn, but can you
Speaker 4: get into what is a travel nurse and how does
Speaker 4: the pay system work?
Speaker 5: Okay, So I've been nursing here in Australia from early
Speaker 5: twenty thirteen to now you're twenty eighteen. I hit a
Speaker 5: cross road. I was so stressed out with nursing. I
Speaker 5: didn't want to do it anymore. I felt like I
Speaker 5: had compassion for tea, but that's all I knew. I
Speaker 5: was already doing a senior role, and I decided, before
Speaker 5: I go nurs I will restart. And I tried doing
Speaker 5: cosmetic nursing, which I hated. I felt like my hands
Speaker 5: weren't made for it. So I thought of what do
Speaker 5: I really like doing and what tools I know how
Speaker 5: to do. And I really liked traveling a lot. At
Speaker 5: that time, I was just working and traveling and saving
Speaker 5: and yeah, and I just google travel nursing and I
Speaker 5: saw this company based in Brisbane. They interviewed me over
Speaker 5: the phone, got hired and in two weeks time they
Speaker 5: said I was applying to foreigner Queensland. Anyways, I was
Speaker 5: doing short term travel nursing at that time, so they
Speaker 5: would give me contracts or options where to go and
Speaker 5: how long I could be there for I have options
Speaker 5: to extend as well. They paid for my accommodation, my
Speaker 5: travel expenses to went from work, and the money. The
Speaker 5: rate is a lot higher than a regular nurse, plus
Speaker 5: you get all the penalties. But here twenty twenty one,
Speaker 5: I was still with the same company. They actually had
Speaker 5: a contract with the government for the COVID search and
Speaker 5: emergency to respond and they talked me into moving from
Speaker 5: short term to doing the COVID search and that was different,
Speaker 5: So the pay was higher than the short term travel nursing.
Speaker 5: And then we get to travel Australia for two weeks
Speaker 5: to a month in one place and it's all over Australia.
Speaker 5: And yeah, still I get paid accommodation travel in the
Speaker 5: cost of living allowance as well, plus the penalty plus
Speaker 5: super wow. Yeah. I was talking to my colleagues yesterday
Speaker 5: and we were talking about this and this is like
Speaker 5: the peak of our career. I would never earn this
Speaker 5: even if I were as a facility manager and I
Speaker 5: have less stress.
Speaker 2: Yeah wow. And you get to see all of Australia
Speaker 2: and travel and you love that.
Speaker 5: And we do have downtime as well, so the constant
Speaker 5: stress is not there, like we get down times and
Speaker 5: we're able to recuperate and all that. But of course
Speaker 5: it has its trade offs.
Speaker 2: Yeah wow. So how often are you actually home?
Speaker 5: Then that's the truth question, because I don't have a
Speaker 5: home base now. So from twenty eighteen, I've given up
Speaker 5: my rent although my sister and father lives in Sydney.
Speaker 5: If someone asks me where do you live, I live
Speaker 5: where I get sent At the moment, I'm living in
Speaker 5: north like Queensland. In last month, I was living in Victoria.
Speaker 2: Wow, So do you just live from a suitcase?
Speaker 4: Because I could not do that, Like I would get
Speaker 4: so stressed being away from home.
Speaker 5: I have two suitcases, yea, one winter and one summer.
Speaker 5: So I left my other suitcase at my sister's place.
Speaker 2: Yeah, of course, but now I try.
Speaker 5: This with everything in one suitcase, you know, like warm
Speaker 5: clothes and stuff. Because with my job, you'll never know.
Speaker 5: You'll be in somewhere really hot, and then next thing
Speaker 5: you know, you're in Tasmania or you're in Victoria whatsoever.
Speaker 4: Yeah, absolutely, especially within two weeks of each other. Like
Speaker 4: it's been reason cold in Victoria and then you go
Speaker 4: to Queensland and it's like forty degree weather, so like,
Speaker 4: oh my gosh, I wouldn't know what to do.
Speaker 2: That's actually so cool.
Speaker 4: So have you the whole time that you've worked as
Speaker 4: a travel nurse always earned between one eighty and two
Speaker 4: hundred thousand or is that something that you've kind of
Speaker 4: worked up to no.
Speaker 5: For financial year twenty twenty two, I earned two hundred
Speaker 5: seventeen thousand. Oh my gosh, yeah, because I was doing
Speaker 5: a lot of other times. Last year I earned one
Speaker 5: hundred eighty six but because I went on a lot
Speaker 5: of holidays. Because if we're on our personal leads, we
Speaker 5: don't get paid of course.
Speaker 1: Yeah.
Speaker 5: Well, prior to the corvid searge, I was earning maybe
Speaker 5: around one hundred or the most one hundred two thousand,
Speaker 5: but I was doing a lot of traveling overseas at
Speaker 5: the time.
Speaker 1: Yeah.
Speaker 4: Wow, I feel like you're living the dream. Do you
Speaker 4: think that that's sustainable? Like will you always be a
Speaker 4: travel nurse? Or you said before, I am still single,
Speaker 4: Like do you think that you'll find and someone and
Speaker 4: settle down and want to, you know, maybe stay in
Speaker 4: one place.
Speaker 5: Someone's telling me that with this job you won't be
Speaker 5: able to find someone. Who take this seriously because I
Speaker 5: feel like we're in the transient box. So that actually
Speaker 5: motivates me to make the use of my time now
Speaker 5: so that i'd be able to have the freedom to
Speaker 5: do what I want in the future, because I know
Speaker 5: that I also do want to have a relationship and
Speaker 5: maybe a family one day, So I'm not sure if
Speaker 5: I want to have this year as my last year
Speaker 5: as a travel nurse, but we'll see at the end
Speaker 5: of the year. But I won't be definitely doing this forever.
Speaker 2: Yeah.
Speaker 4: Wow, we know you own three properties and you're about
Speaker 4: to buy your fourth. Can you tell me about your
Speaker 4: money goals, like what are your big money goals at
Speaker 4: the moment?
Speaker 2: What are you working towards?
Speaker 5: Oh, big money goals? So my short term is to
Speaker 5: get the Ford investment property this year and also top
Speaker 5: up my super so I could buy my ship investment
Speaker 5: property through Super this year as well. That's my short
Speaker 5: term money goal, and then my long term money goal
Speaker 5: is to be able to live off of the properties
Speaker 5: and have you know, more freedom, like not exchange my
Speaker 5: time for money anymore, and do different things.
Speaker 4: I am shook at how good you are at this,
Speaker 4: Like I'm just looking at it, going, holy moly, Like
Speaker 4: having come from the Philippines, gone through what you've gone
Speaker 4: through to now earning what you're earning and knowing how
Speaker 4: to invest it.
Speaker 2: I'm just looking at you, going, holy moly, you are
Speaker 2: so good. I have a lot more questions.
Speaker 4: Let's go to a really quick break and on the
Speaker 4: other side, I want to know about your investment strategy,
Speaker 4: how you got into your first property, and all of
Speaker 4: the juicy details around that. So guys don't go anywhere,
Speaker 4: all right, money diarist, you are absolutely.
Speaker 2: Killing it, Like I am so proud of you.
Speaker 4: We know that you have three properties and you're about
Speaker 4: to go onto your full Then the next question I
Speaker 4: want to ask is about investments. So can you take
Speaker 4: me through the investments that you own? So what properties
Speaker 4: do you own? Do you have any other investments? And
Speaker 4: how on earth did you know how to do this?
Speaker 5: Yes, okay, So my mom talked me into investing properties,
Speaker 5: but I was investing in the Philippines. I sold two
Speaker 5: properties and bought another two.
Speaker 2: Oh, just a property flipper, You just have millions of properties.
Speaker 5: No, it's just that I saw it from my mom
Speaker 5: like whorst comes to words, like she could just sell
Speaker 5: property and build my dad out of trouble.
Speaker 2: Oh my gosh.
Speaker 5: So now the Philippines. I have one property that I
Speaker 5: share with my sister and then I've sold one but
Speaker 5: she's still paying it off like I sold it to
Speaker 5: my sister. The other property, I call it my yolo money,
Speaker 5: your yolow money. My Yolow money is the money I
Speaker 5: got from my properties from the Philippines.
Speaker 4: Okay, well, I wouldn't be looking at it as like
Speaker 4: a Yolow money.
Speaker 2: I would be looking at as well.
Speaker 4: But you know what, whatever's working for you, it's working
Speaker 4: for you, beb Yeah.
Speaker 5: And then here in Australia, so I've got three properties
Speaker 5: one inch long, one in sinside Victoria in Melbourne, which
Speaker 5: is just turning over hopefully this month. I was able
Speaker 5: to see the inspection when I was there, and then
Speaker 5: the third ones in one ray Wa.
Speaker 2: Yeah.
Speaker 5: So I'm currently working in my court. The pre approval
Speaker 5: was already all good to go, and I have my
Speaker 5: deposit as well ready, so I'm just waiting for the
Speaker 5: right property to be presented to me. And then I've
Speaker 5: got one hundred two thousand dollars in Super?
Speaker 2: How much in Super?
Speaker 4: Sorry?
Speaker 2: Could you repeat that?
Speaker 5: One hundred and two?
Speaker 2: You were one hundred and two thousand dollars in Super
Speaker 2: as well? You are a money queen.
Speaker 5: I took some money out as well before I knew
Speaker 5: that I shouldn't be taking money out.
Speaker 2: Yeah, okay, clearly didn't impact you too negatively.
Speaker 5: And then I've got shares as well.
Speaker 2: Of course you do. What are they I'm not really.
Speaker 5: Proud of my shares investing experience, but I've put one
Speaker 5: hundred k on shares and thirty thousand in crypto, and
Speaker 5: they're very negative at the moment.
Speaker 2: Tell me how you picked your shares.
Speaker 4: One hundred thousand dollars in shares, You must be a
Speaker 4: savings queen to I have a one hundred grand in
Speaker 4: super one hundred grand in shares. I mean, I don't
Speaker 4: love the crypto, but you get what you get, and
Speaker 4: you don't get upset.
Speaker 2: You've got so much property.
Speaker 5: What? Okay? So before I got into property, I wasn't
Speaker 5: too shares. Yeah, And someone introduced me to shares, and
Speaker 5: initially I was picking blue chip stock yep. I was
Speaker 5: very risk averse. But then I got someone showing me
Speaker 5: her portfolio and she was like, you should try penny
Speaker 5: stocks because I'm earning so much from it. Yes, I
Speaker 5: have a gambling blood.
Speaker 4: Yeah, it runs in the family, I get it. Yeah,
Speaker 4: but this is way more constructive, Like investing is not gambling,
Speaker 4: so like I feel like we're panneling this properly now.
Speaker 5: Yeah, but I was more of a gambler before when
Speaker 5: I was doing shares. I was chasing speculative stocks. I
Speaker 5: was going over with the herd and all that. I
Speaker 5: was chasing the thrill of, you know, the volatility. And
Speaker 5: I'm actually not looking at my shares at the moment
Speaker 5: because I'm really not proud of it at the moment.
Speaker 5: But I'm holding it as long as possible and hopefully
Speaker 5: it turns out well. Like my goal is to maybe
Speaker 5: check it one undid years old and see if you know,
Speaker 5: I might could retire from that one.
Speaker 4: I think with that amount of money in shares and
Speaker 4: in crypto, you should be getting some advice to put
Speaker 4: it together properly, Like don't.
Speaker 2: Bury you ahead until you're fifty. Go get some advice.
Speaker 4: Have it all structured properly, like a financial advisor will,
Speaker 4: like rebalance your portfolio properly and make sure you're in
Speaker 4: the best possible position because that's so much money. No
Speaker 4: burying our head in the sand. You're too smart for this.
Speaker 5: I was so that when the market dip, I went
Speaker 5: into the travel nursing two point zero, so it didn't
Speaker 5: really affect me that much because I was earning a
Speaker 5: lot of money and I wasn't really spending a lot
Speaker 5: because I don't pay rent at all, So I shifted
Speaker 5: my focus from shares to property investings. I came across
Speaker 5: someone who's got thirteen properties. There are a couple. He
Speaker 5: was only thirty seven when he retired and now it's
Speaker 5: just focus into mentoring people and sharing his experience. So
Speaker 5: I learned from him, and from then on I was like, Okay,
Speaker 5: I probably diversified and put my money into property.
Speaker 2: Smart girl us So smart.
Speaker 5: My focus now is just property. But I'm hoping once
Speaker 5: I get my numbers, I'll go back to shares and
Speaker 5: I'll probably focus on blue chip stocks and dividen't paying stocks.
Speaker 4: So yeah, so smart, I want to know a little
Speaker 4: bit more about your properties.
Speaker 2: So you have properties in Geelong, Melbourne and Bunbury.
Speaker 4: And when you say Geelong and Bunbury to me, as
Speaker 4: an ex financial advisor, I know that they are growth
Speaker 4: suburbs like Geelong and Bunbury have been pinpointed in my
Speaker 4: mind for a while. There's lots of them, but more recently,
Speaker 4: I feel like a lot of bias agents and investors
Speaker 4: are looking in these areas to buy property because they're
Speaker 4: basically growth corridors. Have you got a bias agent is
Speaker 4: someone advising you on where you're purchasing?
Speaker 5: I do, so I have to Property Portfolio Partners.
Speaker 4: Yeah wow, how did you find them listening to podcasts?
Speaker 5: So I got into this company because I have always
Speaker 5: been listening to their podcast because I was trying to
Speaker 5: learn about property investing and like, I don't really want
Speaker 5: to do it myself. I want to utilize someone else's expertise.
Speaker 4: And make them most sut you I was asking because
Speaker 4: I was like, interesting because those properties are in locations
Speaker 4: that I know a growth corridor. Is like, where are
Speaker 4: you getting this information from? That sounds like you've got
Speaker 4: a bias agent.
Speaker 2: I love that. Have your experiences with them been really good?
Speaker 5: Yeah, it's been really good. So my first one was
Speaker 5: this off the plants, and they do a lot of mentorship.
Speaker 5: I've had a really good experience with them. But my
Speaker 5: strategy now is going for established properties because I don't
Speaker 5: know how long I will be in this job for
Speaker 5: and of course my service ability will be infected once
Speaker 5: I change jobs. So now that I have this powering
Speaker 5: capacity and my income is high, I like you maybe
Speaker 5: fast track it. That's why now I'm to establish properties.
Speaker 5: So that's why I switched to the other.
Speaker 4: Yeah, because you don't have to wait around for the
Speaker 4: property to be built and then have to get the
Speaker 4: loan at the end.
Speaker 2: Like, that's quite smart. Tell me, now, how much debt
Speaker 2: are you in and what does that look like a
Speaker 2: lot look with nearly four properties. I didn't expect you
Speaker 2: to say zero.
Speaker 5: Yeah, so my first one, I have five hundred and
Speaker 5: seventeen thousand on that and I'm paying at six point
Speaker 5: twenty nine percent. But the value of that now is
Speaker 5: around six hundred and sixty thousand.
Speaker 2: Oh, very nice.
Speaker 5: Yeah, and that's renting.
Speaker 2: Now, how long have you had that for?
Speaker 5: Well, I've been renting it at all almost six year now.
Speaker 5: I got it here twenty twenty one. Yep, so I
Speaker 5: started my property investing in Journey twenty twenty one.
Speaker 2: How much are you renting that property out for?
Speaker 5: It's only two thoy twenty six a month. I'm heavily
Speaker 5: negatively geared on this one, but I'm actually very excited
Speaker 5: from tax return time.
Speaker 2: Because yeah, because it will offset your tax. Yeah, yeah, yes,
Speaker 2: smart woman.
Speaker 4: All right, tell me about property number two.
Speaker 5: Property number two, I have a loan of four hundred
Speaker 5: forty nine thousand, four one hundred ninety eight at six
Speaker 5: point ninety nine percent. I haven't actually checked the valuation
Speaker 5: for this one, but when the land settled it was
Speaker 5: up forty thousand.
Speaker 2: Oh my gosh, how good.
Speaker 5: Yeah. I think the comparable sale price is around six
Speaker 5: hundred to six hundred fifty k in that area. So
Speaker 5: this will settle soon. I'm hoping to get a good
Speaker 5: valuation from that one as well.
Speaker 2: Is that one layd out?
Speaker 5: Oh? This one is almost turnover. I've just been there
Speaker 5: for pre inspection last week.
Speaker 4: All right, that's what you said before. Yeah, and what
Speaker 4: do you think you rented out for.
Speaker 5: Hopefully five hundred a week?
Speaker 1: Yeah?
Speaker 2: Cool? And then property number three.
Speaker 5: Yeah, that's the Bunbury Wah three hundred thirty seven, nine
Speaker 5: hundred fifteen and interest is at six point seventy nine percent.
Speaker 5: And I just had a look and the valuation is
Speaker 5: four hundred thirty four thousand. Wow, this one's the best one.
Speaker 5: I'm renting it out four five hundred a week.
Speaker 2: No you're not. That's actually so good.
Speaker 4: And so the first property that you mentioned is that Geelong, Yeah, Geelong.
Speaker 5: Second is the Inside Melbourne, and then the Bundary wa.
Speaker 2: How exciting. And then you've got a plan to purchase
Speaker 2: another one later in the year.
Speaker 5: Yeah, I'm getting frustrated because so Michael was to get
Speaker 5: that property last year for my birthday, so I had
Speaker 5: it already, but then they said the stock levels right
Speaker 5: now is very low and the competition is really high
Speaker 5: because I'm almost a capacity, So I'm like, I really
Speaker 5: want to get it over and of it because I
Speaker 5: already have the deposits and all that.
Speaker 2: Yeah.
Speaker 4: Wow, So tell me about your savings habits because I
Speaker 4: know you said, oh, I'm a bit of a gambler
Speaker 4: in the share market. Like, you can't be that big
Speaker 4: of a gambler if you're able to purchase properties.
Speaker 2: Like, what do your savings habits look like?
Speaker 5: Well, when I was doing shares, I was really really bad.
Speaker 5: I would put almost all my pay to shares. I
Speaker 5: even got a credit card, but what the credit card
Speaker 5: was zero persons interests, but I was using it to
Speaker 5: buy shares as well. That's how bad I was. Yeah wow, Yeah,
Speaker 5: but then as soon as I decided to go into property,
Speaker 5: the savings game has gone up.
Speaker 4: A lot of people say that they say they're not
Speaker 4: amazing with money until they have property, which is kind
Speaker 4: of like forced savings, but it's like, yeah, a double
Speaker 4: edged sword, right, because you have to have some money
Speaker 4: to be able to get into property to begin with.
Speaker 5: Yeah, you're forcing to a lifestyle, but I don't feel
Speaker 5: like I'm actually compromising on my lifestyle because I get
Speaker 5: to travel for free. I have like a one bedroom
Speaker 5: apartment all to my own for free and all that.
Speaker 4: So I love it, And I love your viewpoint. You're
Speaker 4: so positive about all of this and you're just killing it.
Speaker 4: What do you think your best money habit is?
Speaker 5: Of course, I live within my knees, Yep. I'm not
Speaker 5: really big on shopping. I don't like branded stoffs. Not
Speaker 5: that that I have anything against those who likes that,
Speaker 5: but I just don't find happiness in that. I'm for experiences, yeah, fair, Yeah,
Speaker 5: And I also know a lot of hacks, especially when
Speaker 5: it comes to eating out, Like I use apps, it,
Speaker 5: club first, table, the fork, anything that you give me
Speaker 5: discount because I love eating out.
Speaker 4: Yeah, fair, fair, and all of those websites are so
Speaker 4: good at giving you a discount when you eat like
Speaker 4: it just makes it a no brainer, right you go?
Speaker 2: Why would I go if I'm not getting a discount? Now?
Speaker 5: Yeah?
Speaker 4: True?
Speaker 5: True.
Speaker 2: I love that. So what do you think your worst
Speaker 2: money habit is?
Speaker 5: Whors money habit. I splurge a lot on my family,
Speaker 5: like I would always shout out dinners and all that,
Speaker 5: and then I've made them come to Australia a few
Speaker 5: times in all expenses staates.
Speaker 2: But I love that you're treating your family because you
Speaker 2: love them.
Speaker 5: Yeah, but I'm thinking in a financial perspective, my money
Speaker 5: could have gone further if I wasn't really splurging a
Speaker 5: lot on this. But I don't regret it, like it
Speaker 5: makes me happy.
Speaker 2: Yeah.
Speaker 4: And you said that you like experiences over things anyway,
Speaker 4: and I'm assuming you would love to experience things with
Speaker 4: your family.
Speaker 5: True.
Speaker 2: I don't think that's about it all.
Speaker 4: I really like it, you said at the very start,
Speaker 4: and I scoffed at it.
Speaker 2: You said, I.
Speaker 4: Think my money habits a B plus, and then you
Speaker 4: went on to explain that you not only have three properties,
Speaker 4: you want four, and you're working towards that. At the
Speaker 4: end of the year, you've got one hundred and two
Speaker 4: grand in super You've got one hundred grand of shares,
Speaker 4: thirty thousand dollars worth of crypto, You've got all these
Speaker 4: properties lined up, Like you have your head screwed on
Speaker 4: and you're so positive.
Speaker 2: Why do you think you're a B plus and what
Speaker 2: would make you an A plus?
Speaker 5: Okay, The thing is, I have been presented with this
Speaker 5: great opportunity to earn money and save money, and I
Speaker 5: feel like if I were an A minus or an
Speaker 5: A plus, I could you have probably bought more proper.
Speaker 4: No, you're way ahead of all of us.
Speaker 5: I don't know. That's just what I'm thinking. It's like
Speaker 5: I've had a massive opportunity cost loss with my shares
Speaker 5: because I wasn't really thinking properly. I was emotionally investing in.
Speaker 5: If I wasn't, you.
Speaker 2: Were learning, I'm learning.
Speaker 4: Yeah, give yourself a little bit more credit. People are
Speaker 4: listening to this, going, oh my gosh, she's incredible, Like
Speaker 4: this level of financial literacy you've given yourself and taught yourself,
Speaker 4: and you're still being generous to your family to bring
Speaker 4: them over and just give them their best lives. Like,
Speaker 4: oh my gosh, you're an A plus to me. Like,
Speaker 4: I'm not gonna argue with you if you've got more
Speaker 4: to achieve, but at the end of the day, I
Speaker 4: think you're so impressive I.
Speaker 5: Think I consider myself as ape us if I no
Speaker 5: longer trade money with time, like if I have the financial.
Speaker 2: Free, Yeah, that would be very sexy. I like it.
Speaker 5: Yeah, my goal is to semi retires forty. I'm not
Speaker 5: sure if i'd be able to get it, but yeah,
Speaker 5: I think I'm on track.
Speaker 4: Oh my gosh, I'm so proud of you, Money Diarist. Unfortunately,
Speaker 4: that is all we have time for today. It has
Speaker 4: been beautiful getting to know you and learning a bit
Speaker 4: more about your story, and you've been so generous with
Speaker 4: your time, but also just how open you've been.
Speaker 2: Thank you so much for sharing.
Speaker 5: Oh, thank you so much. Like you've been a great
Speaker 5: instrument to this. I've been listening to your podcast and
Speaker 5: I've read your books, and yeah.
Speaker 2: You are so kind. Oh my gosh, I love it.
Speaker 2: Thank you. I really appreciate it.
Speaker 5: Thank you for having me.
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Speaker 4: nature and does not consider your individual circumstances. She's on
Speaker 4: the Money exists purely for educational purposes and should not
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