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

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Speaker 1: the Order Kerni 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 4: Hello, and welcome to She's on the Money the podcast

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Speaker 4: Millennials who want financial freedom. Welcome back to another shop

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Speaker 4: back Money Diary Monday, where we get to chat to

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Speaker 4: one of our community members to learn about their money

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Speaker 4: story and their finances and all of the other fun

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Speaker 4: bits and pieces. And of course I've got Victoria. Hello,

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Speaker 4: how are you going.

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Speaker 5: I'm very excited for this money Diary because you said

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Speaker 5: it was a good one earlier and now I want

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Speaker 5: to know.

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Speaker 4: I feel like money Diarist. We know you really well

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Speaker 4: because we got to meet you at one of our

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Speaker 4: events this year, so that's really fun for us, not

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Speaker 4: that anybody else knows anything about.

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Speaker 5: They don't know which person that was, which state that

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Speaker 5: was in, or even which event it was, so ha

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Speaker 5: good work working that one out.

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Speaker 4: No, but exciting for us. But let me tell you

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Speaker 4: all about our gorgeous diarists, she said, from being raised

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Speaker 4: by my gorgeous single mum, to having a spinal fusion

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Speaker 4: surgery at thirteen, to running away with the circus, studying

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Speaker 4: in Montreal, nannyingham Paris, bartending in London, performing in the

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Speaker 4: South of Italy. Then, as we all know, spicy cough hit,

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Speaker 4: I had to move back home at the end of

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Speaker 4: twenty twenty. I'm now twenty two years under, thriving. I've

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Speaker 4: bought two properties, married the love of my life, started

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Speaker 4: renovating our home but good investing, and most recently quit

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Speaker 4: my job to go back to my passion for circus

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Speaker 4: and travel.

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Speaker 2: Is that not very fun?

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Speaker 5: And you're only twenty two years old? Money dos? Welcome

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Speaker 5: to the show. How many lives have you actually lived?

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Speaker 6: Feels like one hundred at this point. It's been a

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Speaker 6: long twenty two years, well, actually twenty three now I

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Speaker 6: just had my birth Happy birthday, thank you.

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Speaker 5: Oh my gosh, how fun. I cannot wait to get

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Speaker 5: into this. This feels like it's going to be.

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Speaker 2: A wild one.

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Speaker 5: So let's start off the way we always do. Can

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Speaker 5: you tell us a little bit about your money story.

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Speaker 6: Yes, So, as I said in my money diary, I

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Speaker 6: grew up being raised by a single mum who is

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Speaker 6: like a wonder woman. She left home at sixteen and

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Speaker 6: has been just doing her own thing ever since. Then.

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Speaker 6: She worked full time, studied full time, and raised me,

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Speaker 6: putting me through private school and traveling overseas and whatnot

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Speaker 6: on her single parent income. So I learned a lot

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Speaker 6: from her. She was accountant, so she knows a little

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Speaker 6: bit about.

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Speaker 4: Money around and.

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Speaker 6: Basically taught me that you can have everything, you just

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Speaker 6: can't have everything at once. So I lived and I

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Speaker 6: still live very much by that, making sacrifices in different

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Speaker 6: areas of my life continuously so that I can achieve

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Speaker 6: the things I want now and I can also achieve

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Speaker 6: the things I want in the future.

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Speaker 5: Oh my gosh, I feel like I get along really

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Speaker 5: well with your mum, So ten out of ten for her.

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Speaker 2: I want to know. Now, what do you do for work,

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Speaker 2: how much money do you earn?

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Speaker 6: So for work at the moment, it looks a little

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Speaker 6: bit different. I recently quit my full time job that

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Speaker 6: I have been doing for the last year, so I

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Speaker 6: could take a step back and focus on training to

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Speaker 6: get back into circuits. But obviously I had bills to pay,

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Speaker 6: two mortgages and whatnot. So I basically worked out our

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Speaker 6: budgets and what we needed between me and my partner

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Speaker 6: to pay each week. So it comes about thirteen hundred

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Speaker 6: to cover all bills including tax between the two of us.

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Speaker 6: We split that evenly, and we're both required each week

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Speaker 6: to make six hundred and fifty dollars. So I do

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Speaker 6: that at the moment through working in hospitality, so I

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Speaker 6: work as a catering chef or as a catering waitress

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Speaker 6: at different events. I also work at a fast food franchise,

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Speaker 6: and I also do uber each driving, so each week

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Speaker 6: looks a little bit different. But as long as I'm

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Speaker 6: making that money, we pay our bills.

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Speaker 5: Oh my gosh, I love that you're so specific about that,

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Speaker 5: but you're also so flexible in it. You just know

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Speaker 5: how much you need to earn and you do it

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Speaker 5: in whatever way works that week.

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Speaker 2: That's actually so cool.

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Speaker 6: Thank you. Yeah, it's really nice having lots of flexibility

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Speaker 6: with that, so I can focus on training or some weeks,

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Speaker 6: you know, we might have extra bills or things we

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Speaker 6: want to buy in particular, and then we work a

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Speaker 6: little bit harder to make those goals happen.

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Speaker 5: Yeah, of course, all right, Next question, what is your

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Speaker 5: big money goal? What are you working towards?

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Speaker 6: So at the moment, our overall big money goal is

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Speaker 6: financial freedom. I feel like most people would love that,

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Speaker 6: And that's just kind of at the moment, little steps

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Speaker 6: because we have some other bigger, sooner goals that are happening,

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Speaker 6: but working in the background on investment properties and investing

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Speaker 6: in the share market that's still new. The other big

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Speaker 6: money goal is we want to go traveling and potentially

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Speaker 6: move overseas next year. So hopefully by June next year

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Speaker 6: we will be off traveling, and then how long we

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Speaker 6: go traveling for and whether we move depends on what

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Speaker 6: income we can save or what income we can produce

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Speaker 6: what we're overseas.

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Speaker 5: Love Lura, talk to me. Do you have any investments,

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Speaker 5: If so, what are they?

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Speaker 6: Yes, So I have one investment property, which the rental

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Speaker 6: income on that covers the mortgage as well as the

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Speaker 6: property management fees and rates, so basically water and body

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Speaker 6: corp poratepies aren't covered, but majority if it is. However,

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Speaker 6: we pay the mortgage ourselves through our own budget on

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Speaker 6: that property, so that the money can just go into

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Speaker 6: the property to pay all the other bills and just

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Speaker 6: sit there in case something comes up. We also have

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Speaker 6: our home that we live in, but from next year

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Speaker 6: onward it would be an investment property, and the rental

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Speaker 6: on that one, looking at the moment should cover everything surplus,

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Speaker 6: so we'll cover all bills and mortgage on top of that.

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Speaker 6: Then we have about one thousand dollars in chasas that's

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Speaker 6: still new. We've put about one hundred dollars a week

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Speaker 6: into our Chezea's account just to kind of play with

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Speaker 6: the market a little bit, which has been fun. And

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Speaker 6: then I have Super. It is really low because, as

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Speaker 6: I said, I spend a lot of time overseas, so

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Speaker 6: my Super really has just been the last you know,

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Speaker 6: two years that I've been back in Australia. Yeah, that's

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Speaker 6: about five thousand dollars.

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Speaker 2: Oh my gosh, Jess, So I'm not gonna lie.

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Speaker 5: When I asked a twenty two year old talk to

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Speaker 5: me about hearing the vestments, that is not the response

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Speaker 5: I was expecting.

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Speaker 4: I am very envious the where you are. It seems

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Speaker 4: like you're doing incredibly well.

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Speaker 5: I'm just so impressed. I want to keep asking questions.

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Speaker 5: I'm like, what is going on? Save it after the app? Okay, okay, sorry, sorry,

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Speaker 5: all right? So next question you mentioned mortgages before. How

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Speaker 5: much debt do you have and what's it made up of?

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Speaker 6: Yes, so I definitely have more debt at the moment

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Speaker 6: than i'd like. But we have two mortgages. So one

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Speaker 6: of them is two hundred and five thousand, and then

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Speaker 6: the others one hundred and sixty seven thousand, so they

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Speaker 6: were smaller properties, so the mortgages on them aren't too bad.

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Speaker 6: And we pay about two hundred and fifty a week

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Speaker 6: on one and two hundred and ten on the other.

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Speaker 6: And then we have recently installed solar panels on the

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Speaker 6: property we live in and we're paying about interest free

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Speaker 6: for five years, so that's about nine eight hundred. Then

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Speaker 6: we have a personal loan at the moment, which is

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Speaker 6: kind of new. We got that a couple months ago,

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Speaker 6: just to help us our renovations. We have like a

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Speaker 6: lump sum in one of our accounts that we don't

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Speaker 6: touch and that could have gone towards renovating. But with

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Speaker 6: me deciding to take a step back from working and

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Speaker 6: focus on training, I was a bit nervous to put

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Speaker 6: all that money into our renos and then not have

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Speaker 6: anything if something was to come up with either properties

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Speaker 6: or just life in general. So for us, it made

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Speaker 6: more sense to pay the extra. I think over the

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Speaker 6: two years of the loan, which is ten grand, we

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Speaker 6: pay an extra five hundred dollars, and I was happy

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Speaker 6: to put an extra five hundred dollars into that to

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Speaker 6: save us that extra money on the signing case something

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Speaker 6: did come up. We do have our small emergency fund,

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Speaker 6: but that's kind of an additional I haven't visil line,

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Speaker 6: so I've been paying that off for the last two years,

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Speaker 6: a little bit each week into a three four thousand dollars.

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Speaker 5: Four thousand dollars for invisil line. That is a money

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Speaker 5: win just at that side.

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Speaker 6: Note not quite, that's what I've got left to pay.

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Speaker 2: I was like, okay, yeah, alright, story four.

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Speaker 6: But yeah, I'm yeah, four to go, And then I

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Speaker 6: have hex, so that's about six grand. I did a

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Speaker 6: couple of subjects while I was overseas by a correspondence

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Speaker 6: and that's a he's left on them.

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Speaker 2: Yeah, very cool. That story didn't check out.

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Speaker 5: As a recent Invisile Line graduate and Jess being a

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Speaker 5: current invisil Line student, we were like four grand.

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Speaker 2: That doesn't check out. I give your number details, like

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Speaker 2: we need to get in contact with them. That stuff

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Speaker 2: of cost us eight grand each? Absolutely not.

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Speaker 5: But moving on, I want to know you seem pretty

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Speaker 5: savvy when it comes to money. Do you use shop

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Speaker 5: back when you're shopping online?

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Speaker 6: Yes? I do. I heard it and it took me

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Speaker 6: a little while after listening to the podcast to get

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Speaker 6: into it convert, but I have been getting into it.

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Speaker 6: I don't shop a lot online, which I hear often

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Speaker 6: in your money diaries, but I do my best. I

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Speaker 6: have the chrome intension and the apps, so whenever I

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Speaker 6: am shopping, there's being used. So I've got a few

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Speaker 6: things pending at the moment, but I've got about twenty

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Speaker 6: five dollars in that's been approved, and I've been keeping

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Speaker 6: an eye on the gift CUD percentages to buy some

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Speaker 6: more bunning scouchers and Jetstar gift cud that's really Sprout

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Speaker 6: Renovations and our travels.

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Speaker 4: Did you use our code when you signed up to

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Speaker 4: get yourself ten bucks as well?

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Speaker 6: I did? Yeah, which was nice.

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Speaker 2: Genius smart.

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Speaker 4: That's free money if anyone's doing stuff shot back, SotM.

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Speaker 2: That's the code.

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Speaker 4: I used it when I signed up to get the

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Speaker 4: ten dollars like you might.

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Speaker 2: As I didn't. I didn't get it. Maybe I should

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Speaker 2: hit them up.

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Speaker 5: I had to get it and test it and then

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Speaker 5: tell whom I wanted to work with them. They didn't

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Speaker 5: give me ten bucks for signing up.

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Speaker 2: Sucks for you. Yeah, what a stooge.

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Speaker 5: If anyone else wants to get ten bucks when I

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Speaker 5: couldn't go for it, ten out of ten can recommend

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Speaker 5: as a solid money win. Next question I have for you,

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Speaker 5: I feel like this is going to be a goodie jess.

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Speaker 5: What is your best money habit?

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Speaker 6: So, I think my best money habit is that I'm

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Speaker 6: continuously working on my budget and kind of the money

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Speaker 6: that's coming in. Working in the various jobs they have

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Speaker 6: over the last couple of years, haven't been earning a

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Speaker 6: set income weekly, monthly, yearly at all. So I have

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Speaker 6: one hundred different notes for pages on my computer writing

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Speaker 6: out different budgets and all of our bills and when

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Speaker 6: they come out each week or whether they're paid monthly,

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Speaker 6: and yeah, that we have at the moment, we have

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Speaker 6: three different budgets styles. One is if we've just made

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Speaker 6: the minimum that week and it pays our bills and

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Speaker 6: a little bit towards investing, a little bit saving and

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Speaker 6: our emergency fund, and then there's comfortable, and then there's

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Speaker 6: like extra plus and then our money gets divoted across

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Speaker 6: the different areas of our budgets depending on how much

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Speaker 6: money we've made each week. So that definitely, I think

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Speaker 6: is probably one of my best money habits is that, Yeah,

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Speaker 6: I'm just always on top of it and trying to

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Speaker 6: make my money go as far as possible.

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Speaker 4: That's a really cool idea for people who are living

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Speaker 4: with a variable income, having like a track client system

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Speaker 4: almost for your your budget of where it's at, because

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Speaker 4: we get questions a lot about variable income, and that's

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Speaker 4: such a smart way to do it because like your

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Speaker 4: base level would be bare minimum covering costs. That's the

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Speaker 4: most important thing any of us need to do, right.

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Speaker 4: But then on the times or the weeks when you

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Speaker 4: do have more money, it's nice to know where that's going,

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Speaker 4: because otherwise that's when we tend to just like spend

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Speaker 4: it on whatever and it just disappears exactly.

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Speaker 6: Yeah, in your mind, it becomes like extra money, exactly,

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Speaker 6: extra money you actually this week, and it should go somewhere, right. Yeah.

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Speaker 2: I learn that word on this podcast. Fungible. Yeah, I know,

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Speaker 2: I really do you know what? That word gives me

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Speaker 2: the ick? I know it's legitim sounds like fungus.

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Speaker 5: It's just it's gross, right, Like it's a gross word

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Speaker 5: like fungible, Like could you guys not have thought of

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Speaker 5: something cuter?

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Speaker 4: They could have, but they didn't.

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Speaker 5: So one out of ten do not recommend, all right,

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Speaker 5: I want to know. Let's flip this narrative on its head.

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Speaker 5: I ask every week, what is your worst money habit?

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Speaker 5: Give us the goss because I feel like you're good

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Speaker 5: at everything.

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Speaker 6: My worst money habit is definitely, I would say impulse buying.

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Speaker 6: It looks a little bit different to other people. When

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Speaker 6: I really want something, I will just buy it, regardless

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Speaker 6: of whether i'd like, you know, I could have saved

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Speaker 6: up for it, Like I don't know if you can

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Speaker 6: see in the background this little tank here is my sake.

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Speaker 6: Oh my god, bought it one day.

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Speaker 4: He just came home with a same That is very funny.

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Speaker 4: How did your partner feel about just coming home to

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Speaker 4: a snake?

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Speaker 6: Well, he actually is studying to be a zoo keeper,

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Speaker 6: so she's in the circus, he's at the zoo.

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Speaker 5: Like it's like a match made in heaven. It's an

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Speaker 5: obsessed with this couple. I want to know so much more.

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Speaker 5: Last question before we go for a really quick break.

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Speaker 5: What grade would you give your money habits if we

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Speaker 5: forced you to give yourself a grade?

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Speaker 6: I think I give myself a B plus. I think

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Speaker 6: I've been set up and I've continued some really good habits.

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Speaker 6: But when it comes to a little bit more of

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Speaker 6: a structure, because I haven't had one before, I do

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Speaker 6: struggle with that, especially, you know, when I have had

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Speaker 6: full time work or structures like you know, increasing super

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Speaker 6: for the future. I think that is where I need

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Speaker 6: a lot more work.

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Speaker 5: Yeah, okay, I like that, but I also feel like,

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Speaker 5: as a woman who is twenty three now years old,

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Speaker 5: like a bee, I'm not nah like I'm just throwing

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Speaker 5: you straight in the bin. There, you are very close

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Speaker 5: to an A plus, my love. Let's talk more about

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Speaker 5: your zookeeper partner straight after this break though. All right,

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Speaker 5: we are back and I want to dive straight in

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Speaker 5: over the top of you, Jessica Ricci. I do apologize

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Speaker 5: this is a bit perfect, but I want to know

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Speaker 5: more about your zookeeper partner. Where'd you meet? How'd you meet? Like,

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Speaker 5: how long have you been together? You're already married and

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Speaker 5: you're twenty two. So to me this is just wild

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Speaker 5: because at twenty two I was not the most responsible human,

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Speaker 5: if we put it like that.

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Speaker 6: So, if I do say so myself, we have a

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Speaker 6: cute little.

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Speaker 2: Oh love, sorry, oh really wanted a more there.

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Speaker 6: So we met in Sunday school when we were children

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Speaker 6: and became best friends and we were in separal for

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Speaker 6: many years, and he actually told me when we were

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Speaker 6: twelve that he would marry me, and I was like,

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Speaker 6: your little creep stops. But then, you know, through life,

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Speaker 6: we hadn't seen each other for about six years, and

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Speaker 6: mainly due to my traveling, and I hadn't seen him

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Speaker 6: or his family or had any contact. And then on

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Speaker 6: Valentine's Day last year, we ran into each other and

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Speaker 6: then Yeah, basically within that week we were like, we're

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Speaker 6: still as obsesses we were when we were twelve. And

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Speaker 6: then we got married August last year, six months between

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Speaker 6: us meeting and getting married, but obviously we did have

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Speaker 6: that history. So yeah, because he told you when you

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Speaker 6: were twelve that he was going to marry you.

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Speaker 4: Did he say I told you so for that one?

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Speaker 2: Yeah, like did you have very cute you know what?

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Speaker 2: Anybody else would have seen that as a red flag.

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Speaker 5: Our money directs is like straight on in, let's go,

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Speaker 5: let's marry this man.

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Speaker 6: Yeah, that's so safe.

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Speaker 4: What are your plans for when you're traveling with the circus?

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Speaker 2: Is that?

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Speaker 4: Like will you be traveling, you know, state to state

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Speaker 4: because that's how you know, circuses generally will perform on

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Speaker 4: like a roving schedule where they're traveling around. What does

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Speaker 4: that look like for you and your partner because I'm

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Speaker 4: assuming being a zoo keeper there's a little bit less

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Speaker 4: flexibility there and he'd probably be based in one place.

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Speaker 6: Yeah, so the circus. I've yet to work in a

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Speaker 6: traveling circus. It's definitely a goal of mine, but I've

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Speaker 6: worked in more like corporate spaces of circus. So if

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Speaker 6: you have a big corporate event, people hire performers for those,

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Speaker 6: or I've worked in like stationary shows or but once

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Speaker 6: I have like residency contracts, So that does make it

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Speaker 6: a little bit easier for if I was to get

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Speaker 6: a contract that's traveling. We've already talked that he would,

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Speaker 6: you know, come with me and he would either be

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Speaker 6: a roady and help you know with pack up, pack

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Speaker 6: down that kind of like manual labor site because he's

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Speaker 6: done that in the past. He worked in sound and

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Speaker 6: learning prior to working with animals. Or I am trying

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Speaker 6: to convince him to do a surface acting with me.

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Speaker 6: He's not so keen. He has done knife throwing in

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Speaker 6: the past. And I don't know if you've ever seen,

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Speaker 6: but there's.

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Speaker 5: A wild I just came home with a snake. Oh yeah,

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Speaker 5: my partner's got to be a zerologist.

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Speaker 2: What do you do? Oh, I'm in the circus and

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Speaker 2: my partner throws knife.

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Speaker 6: Yeah.

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Speaker 5: But all of that supported by good financial underpinnings like

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Speaker 5: what you've got mortgages as.

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Speaker 2: Well, live your best life.

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Speaker 6: Live your best life.

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Speaker 2: I want to be you when I grow up. What

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Speaker 2: would you guys do together?

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Speaker 4: And also what do you use because there's like a

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Speaker 4: lot of different areas within like I guess the spectrum

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Speaker 4: of circus that you can specialize in, right.

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Speaker 6: Yes, So I'm an aerialist, so that's my main thing.

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Speaker 6: So I do anything that's in the air, silks, trapeze, lira, etc.

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Speaker 6: So I've worked in the circus professionally since I was fifteen.

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Speaker 6: So I took a year off school, did a full

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Speaker 6: time course, and then started working in the circus. Did

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Speaker 6: go back and finish school, but yeah, I've been working

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Speaker 6: since then, so that's like my main thing. I do

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Speaker 6: a little bit of ground stuff, but I'm a bit

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Speaker 6: clumsy on the ground. My safe place is in the air.

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Speaker 5: Oh my gosh, I'm obsessed with you. I love this

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Speaker 5: all right. When it comes down to it, I want

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Speaker 5: to know how did you end up with mortgages so young?

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Speaker 5: Can I be a little bit pervy and ask, because obviously,

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Speaker 5: when you're twenty two and you obviously have quite varied income,

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Speaker 5: it's not as easy as going to the bank and saying, hey,

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Speaker 5: I have a twenty percent deposit, give me a loan.

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Speaker 5: So I feel like there might be a little bit

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Speaker 5: more backstory there that I would love to know a

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Speaker 5: bit more about my love.

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Speaker 6: I'm glad you asked, because I love telling people how

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Speaker 6: I got into the property market because it's a little

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Speaker 6: bit different, and the kind of asterix I'll put on

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Speaker 6: it is that I was not looking for my dream

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Speaker 6: property and I was happy to be flexible with what

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Speaker 6: I was finding, so that gave me a lot more opportunities.

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Speaker 6: But when I was overseas, I was studying, and I

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Speaker 6: was one day I was just sitting in my room

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Speaker 6: and I was like, you know what, I want to

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Speaker 6: move back to a show and I want to buy

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Speaker 6: a house, which is really weird. I was really enjoying

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Speaker 6: living in Europe and never thought I would ever come back,

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Speaker 6: and so I on that contract. It was all the

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Speaker 6: despensers paid, so what we earned from that contract just

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Speaker 6: went straight into savings. We didn't have any bills, which

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Speaker 6: was really amazing for about nine months that I was

404
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Speaker 6: on that contract, and so I saved up a pretty penny.

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Speaker 6: But then COVID hit and I was stuck in London

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Speaker 6: during majority of the first stint of COVID, and so

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Speaker 6: all of that money went down the dream. Oh so

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Speaker 6: that was a bit sad because that was meant to be,

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Speaker 6: you know, my deposit for a house. So when I

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Speaker 6: came back, I was feeling a bit deflated. I only

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Speaker 6: had I think I came back with only about two

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Speaker 6: thousand Australian.

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Speaker 2: Dollars understandably so though.

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Speaker 6: I'm not going to get you very far on a

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Speaker 6: deposit for a house. But I came back and I

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Speaker 6: started working at a restaurant as soon as I got back,

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Speaker 6: and I worked as many shifts as they would give me,

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Speaker 6: so I think I was working fifty six hour weeks.

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Speaker 6: Towards the end of that, I took a second job

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Speaker 6: on the side. I was living with my month, so

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Speaker 6: I was really lucky not to have to pay for rent,

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Speaker 6: and I would mainly just eat the carcasses of what

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Speaker 6: grocery she was buying, so I didn't have to buy

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Speaker 6: a lot for myself. And I took the bus even

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Speaker 6: though I had a car, to save on those expenses,

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Speaker 6: and I saved about twenty grand. And I went to

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Speaker 6: the broker when I only had about five saved and said, hey,

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Speaker 6: this is my plan. I'm fast tracking to save twenty

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Speaker 6: grand in the next three months. Right now I only

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Speaker 6: have five, but I promise you I will get there,

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Speaker 6: What mortgage can I get and what do I need

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Speaker 6: to set up my finances to make sure that that

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Speaker 6: will happen early next year? And so I started looking

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Speaker 6: for properties about four months after I got home, and

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Speaker 6: I had that savings, but as we all know, the

436
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Speaker 6: property market has been a bit crazy, so a few

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Speaker 6: of my offers were rejected. But finally I found a

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Speaker 6: place that was about one hundred grand less than they

439
00:21:22,480 --> 00:21:25,160
Speaker 6: said they would loan me, and I was like, perfect,

440
00:21:25,280 --> 00:21:28,119
Speaker 6: because it's a much more affordable mortgage each week. So

441
00:21:28,119 --> 00:21:30,639
Speaker 6: I'm glad I did that. And I bought the property

442
00:21:30,680 --> 00:21:33,920
Speaker 6: on my own, so my now husband wasn't a part

443
00:21:33,960 --> 00:21:36,680
Speaker 6: of that at all. We kind of met during that process,

444
00:21:36,800 --> 00:21:39,680
Speaker 6: but that was my thing and I saw it through

445
00:21:39,760 --> 00:21:42,440
Speaker 6: on my own. And then the second property we did

446
00:21:42,480 --> 00:21:45,600
Speaker 6: buy together, we used that equity on the home I

447
00:21:45,640 --> 00:21:48,639
Speaker 6: had bought on my own to pay for everything for

448
00:21:48,760 --> 00:21:50,920
Speaker 6: the other property, so we had to put no money

449
00:21:50,920 --> 00:21:54,080
Speaker 6: towards that. We had quite a bit of equity. I

450
00:21:54,119 --> 00:21:57,199
Speaker 6: think it was about fifty grand in those six months

451
00:21:57,640 --> 00:21:59,640
Speaker 6: between when I bought this property and when we were

452
00:21:59,640 --> 00:22:02,000
Speaker 6: looking at the other property that we had to play with, So.

453
00:22:02,000 --> 00:22:05,919
Speaker 4: Holy Moly, do guys share your finances fully as a couple.

454
00:22:06,200 --> 00:22:10,040
Speaker 6: Yes, I know that lots of other couples don't, but

455
00:22:10,240 --> 00:22:13,159
Speaker 6: for us, it just makes it easier. He is happy

456
00:22:13,160 --> 00:22:15,160
Speaker 6: for me to take the reins with that. When we met,

457
00:22:15,240 --> 00:22:17,359
Speaker 6: he didn't work very much. He had a lot of

458
00:22:17,560 --> 00:22:20,440
Speaker 6: after pays, it paid debts and we kind of worked

459
00:22:20,440 --> 00:22:24,359
Speaker 6: together to get better habits and he's now like super interested.

460
00:22:24,560 --> 00:22:26,960
Speaker 6: But by putting it together, it just gives us a

461
00:22:26,960 --> 00:22:30,119
Speaker 6: little bit more money to work with each week and

462
00:22:30,240 --> 00:22:31,080
Speaker 6: stretch a bit further.

463
00:22:31,680 --> 00:22:33,399
Speaker 4: It's just whatever works to you, Like, there's no right

464
00:22:33,520 --> 00:22:35,640
Speaker 4: or wrong. Like you said, some couples that doesn't work,

465
00:22:35,680 --> 00:22:37,199
Speaker 4: but for you guys, it does and that's awesome.

466
00:22:37,480 --> 00:22:40,320
Speaker 5: Yeah, I love it so much. So what's the property

467
00:22:40,359 --> 00:22:42,840
Speaker 5: plan moving forward? Is the plan to build up some

468
00:22:42,880 --> 00:22:45,960
Speaker 5: equity and purchase some new houses or what are we

469
00:22:46,000 --> 00:22:48,480
Speaker 5: doing when it comes to creating passive revenue?

470
00:22:48,880 --> 00:22:52,040
Speaker 6: Yes, so that is the plan. We are plenty on

471
00:22:52,119 --> 00:22:55,800
Speaker 6: sitting down with a broker again in a couple of

472
00:22:55,880 --> 00:23:00,040
Speaker 6: weeks to see if there's a potential for us to

473
00:23:00,080 --> 00:23:04,520
Speaker 6: buy another property before we go overseas next year and

474
00:23:04,560 --> 00:23:07,080
Speaker 6: see if that's something we want to do. So obviously

475
00:23:07,160 --> 00:23:09,879
Speaker 6: our finances don't are definitely not in a position at

476
00:23:09,920 --> 00:23:14,679
Speaker 6: the moment to buy somewhere. But by the end of

477
00:23:15,000 --> 00:23:17,120
Speaker 6: this year, we'll be ready to go back to full

478
00:23:17,119 --> 00:23:19,720
Speaker 6: time work, and so we'll probably sit down with them

479
00:23:19,760 --> 00:23:22,399
Speaker 6: and ask, Okay, what do we need to be earning,

480
00:23:22,480 --> 00:23:24,840
Speaker 6: what do our bank need to look like, how much

481
00:23:24,880 --> 00:23:27,159
Speaker 6: equity do we need to have on the property to

482
00:23:27,359 --> 00:23:30,680
Speaker 6: buy a third or a second investment property, and just

483
00:23:30,720 --> 00:23:33,239
Speaker 6: see if that's something we want to push ourselves to

484
00:23:33,240 --> 00:23:37,159
Speaker 6: do or if we'd rather just relax and not. But

485
00:23:37,520 --> 00:23:40,479
Speaker 6: we're definitely keen if we can do it, to do that,

486
00:23:40,600 --> 00:23:43,560
Speaker 6: just because once we go overseas, we won't really buy

487
00:23:43,960 --> 00:23:47,159
Speaker 6: for a few more years. So yeah, there's definitely the

488
00:23:47,280 --> 00:23:51,760
Speaker 6: opportunity to get another property. The valuation on the house

489
00:23:51,760 --> 00:23:54,480
Speaker 6: that we live in has gone up since we bought

490
00:23:54,600 --> 00:23:56,399
Speaker 6: the other property, so there is a little bit more

491
00:23:56,440 --> 00:23:59,240
Speaker 6: equality to play with again, which was quite nice. Yeah.

492
00:23:59,280 --> 00:24:02,399
Speaker 6: But yeah, and just by year at the moment and

493
00:24:02,480 --> 00:24:04,800
Speaker 6: working with someone to see if that's a possibility.

494
00:24:04,920 --> 00:24:08,320
Speaker 5: Oh my gosh, I'm obsessed, Like, that's crazy to me

495
00:24:08,440 --> 00:24:11,520
Speaker 5: that you're in such a strong financial position because you know,

496
00:24:12,080 --> 00:24:15,240
Speaker 5: me being me, knowing enough about mortgages and how it

497
00:24:15,280 --> 00:24:17,119
Speaker 5: all works. I genuinely thought you were going to come

498
00:24:17,160 --> 00:24:19,000
Speaker 5: in and be like, okay, cool, like there was some

499
00:24:19,080 --> 00:24:22,000
Speaker 5: family help there. But you're a little stellar saver and

500
00:24:22,200 --> 00:24:23,679
Speaker 5: I should never have doubted you.

501
00:24:23,720 --> 00:24:24,320
Speaker 2: What a queen.

502
00:24:24,520 --> 00:24:27,439
Speaker 6: I love this well, there was a little bit of

503
00:24:27,440 --> 00:24:30,720
Speaker 6: family help, you know, having your bills paid for and

504
00:24:30,760 --> 00:24:34,520
Speaker 6: not having to pay you know, MP and groceries every

505
00:24:34,600 --> 00:24:38,040
Speaker 6: week definitely, you know, makes it much easier to save

506
00:24:38,080 --> 00:24:41,240
Speaker 6: the deposits. So very grateful for that at the beginning.

507
00:24:41,600 --> 00:24:46,639
Speaker 4: Of course, of course, how did you find working overseas

508
00:24:46,680 --> 00:24:49,359
Speaker 4: in terms of income and tax because that's something we

509
00:24:49,400 --> 00:24:51,600
Speaker 4: get asked a lot. A lot of people are really interested,

510
00:24:51,760 --> 00:24:54,399
Speaker 4: I think now, especially after being locked up for a

511
00:24:54,440 --> 00:24:57,560
Speaker 4: couple of years during COVID, people want to know about

512
00:24:57,720 --> 00:25:00,159
Speaker 4: I guess that more nomadic lifestyle where you do you

513
00:25:00,160 --> 00:25:03,120
Speaker 4: get to trouble around and do things like that. Did

514
00:25:03,200 --> 00:25:06,360
Speaker 4: you find it really complicated, you know, living in one

515
00:25:06,400 --> 00:25:09,720
Speaker 4: country earning money, but then obviously, like your Australians, you've

516
00:25:09,720 --> 00:25:13,560
Speaker 4: got tax responsibilities here. How did you navigate that and

517
00:25:13,600 --> 00:25:16,280
Speaker 4: figure out, you know, what the right thing to do was.

518
00:25:16,840 --> 00:25:22,199
Speaker 6: So I buried my head in the sand Noorday, Yeah, honesty,

519
00:25:22,200 --> 00:25:24,680
Speaker 6: I'm probably not the best method. I I think kind

520
00:25:24,680 --> 00:25:26,439
Speaker 6: of end of last year, I finally did all my

521
00:25:26,480 --> 00:25:29,520
Speaker 6: tax returns for the last you know, six years or

522
00:25:29,560 --> 00:25:33,439
Speaker 6: whatever I had, but I haven't been done. But the

523
00:25:34,119 --> 00:25:36,520
Speaker 6: kind of benefit of me doing that, or how I

524
00:25:36,560 --> 00:25:38,240
Speaker 6: was able to do it without getting into too much

525
00:25:38,280 --> 00:25:40,919
Speaker 6: trouble with When I was overseas, I was under my

526
00:25:41,000 --> 00:25:44,199
Speaker 6: British passports, so I'm a dual citizens. Yeah, okay, So

527
00:25:44,280 --> 00:25:47,879
Speaker 6: most of the time when I lived in Canada, I

528
00:25:47,960 --> 00:25:50,600
Speaker 6: didn't work, so I didn't have to worry about tax

529
00:25:50,600 --> 00:25:52,840
Speaker 6: implications there, and then the rest of the time was

530
00:25:52,840 --> 00:25:55,359
Speaker 6: in Europe, so I was under my British pastplort. There's

531
00:25:55,440 --> 00:25:58,000
Speaker 6: definitely a few things that I am drew to look

532
00:25:58,000 --> 00:26:01,440
Speaker 6: at over there in terms of like I'm pretty sure

533
00:26:01,520 --> 00:26:04,159
Speaker 6: one of our contracts we had some sort of like

534
00:26:04,240 --> 00:26:09,040
Speaker 6: insurance or taxes that were under like a Germany umbrella,

535
00:26:09,119 --> 00:26:11,960
Speaker 6: and we have some money that we were owed back,

536
00:26:12,320 --> 00:26:14,240
Speaker 6: but it was all in German on the piece of paper,

537
00:26:14,280 --> 00:26:17,640
Speaker 6: and so I just never looked at it. But I'm

538
00:26:17,680 --> 00:26:19,520
Speaker 6: sure I've got some money over there that either needs

539
00:26:19,560 --> 00:26:22,720
Speaker 6: to be paid or I need to get back Yeah, Yeah,

540
00:26:22,800 --> 00:26:26,040
Speaker 6: definitely was the best attitude I had towards it. But yeah,

541
00:26:26,080 --> 00:26:28,880
Speaker 6: definitely moving forward when we go overseas next year, we're

542
00:26:28,960 --> 00:26:32,000
Speaker 6: kind of already setting up how that will look and

543
00:26:32,040 --> 00:26:33,560
Speaker 6: how I meant to do, you know, the right thing,

544
00:26:33,680 --> 00:26:37,199
Speaker 6: rather than you know, me just putting my head in

545
00:26:37,240 --> 00:26:38,639
Speaker 6: the sand and hoping for the best.

546
00:26:38,840 --> 00:26:41,000
Speaker 2: Yeah, okay, great plan. I lack the sound of that.

547
00:26:41,280 --> 00:26:43,800
Speaker 5: Oh my gosh, I think that's all we have time

548
00:26:43,840 --> 00:26:47,359
Speaker 5: for today, Jess, unless you had some sneaky last minute questions.

549
00:26:47,520 --> 00:26:50,720
Speaker 4: No, that was such a fun die that was sharing

550
00:26:50,800 --> 00:26:52,639
Speaker 4: with us. That was just so interesting.

551
00:26:53,119 --> 00:26:56,080
Speaker 5: I feel like we were on the a roller coaster literally,

552
00:26:56,280 --> 00:26:59,639
Speaker 5: or we've been thrown literally into the circus love lovell

553
00:26:59,680 --> 00:27:03,080
Speaker 5: thank you for having me, all right, Jess, Unfortunately it

554
00:27:03,160 --> 00:27:03,600
Speaker 5: is time.

555
00:27:03,720 --> 00:27:05,840
Speaker 2: Can you wrap the boring but important stuff?

556
00:27:05,920 --> 00:27:08,400
Speaker 4: Of course, don't forget guys, the advice shed on She's

557
00:27:08,440 --> 00:27:10,199
Speaker 4: on the money is general in nature and does not

558
00:27:10,320 --> 00:27:13,760
Speaker 4: consider your individual circumstances. She's on the money exist purely

559
00:27:13,800 --> 00:27:16,439
Speaker 4: for educational purposes and should not be relied upon to

560
00:27:16,440 --> 00:27:19,399
Speaker 4: make an investment or a financial decision. And we promise

561
00:27:19,520 --> 00:27:22,720
Speaker 4: Victoria divine and she's on the money, are authorized representatives

562
00:27:22,720 --> 00:27:26,800
Speaker 4: of Infocused Securities Australia Proprietary Limited ABN four seven oh

563
00:27:26,920 --> 00:27:29,560
Speaker 4: nine seven seven nine seven O four nine ASL two

564
00:27:29,600 --> 00:27:30,920
Speaker 4: three six five two three.

565
00:27:31,280 --> 00:27:32,320
Speaker 2: See you on Wednesday.

566
00:27:32,359 --> 00:27:32,719
Speaker 1: Guys.

567
00:27:32,920 --> 00:27:34,880
Speaker 4: Bye,