Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your
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 4: Hello, and welcome to She's on the Money the podcast
Speaker 4: Millennials who want financial freedom. Welcome back to another shop
Speaker 4: back Money Diary Monday, where we get to chat to
Speaker 4: one of our community members to learn about their money
Speaker 4: story and their finances and all of the other fun
Speaker 4: bits and pieces. And of course I've got Victoria. Hello,
Speaker 4: how are you going.
Speaker 3: I'm very excited for this money Diary because you said
Speaker 3: it was a good one earlier and now I want
Speaker 3: to know.
Speaker 4: I feel like money Diarist. We know you really well
Speaker 4: because we got to meet you at one of our
Speaker 4: events this year, so that's really fun for us, not
Speaker 4: that anybody else knows anything about.
Speaker 3: They don't know which person that was, which state that
Speaker 3: was in, or even which event it was, so ha
Speaker 3: good work working that one out.
Speaker 4: No, but exciting for us. But let me tell you
Speaker 4: all about our gorgeous diarists, she said, from being raised
Speaker 4: by my gorgeous single mum, to having a spinal fusion
Speaker 4: surgery at thirteen, to running away with the circus, studying
Speaker 4: in Montreal, nannyingham Paris, bartending in London, performing in the
Speaker 4: South of Italy. Then, as we all know, spicy cough hit,
Speaker 4: I had to move back home at the end of
Speaker 4: twenty twenty. I'm now twenty two years under, thriving. I've
Speaker 4: bought two properties, married the love of my life, started
Speaker 4: renovating our home but good investing, and most recently quit
Speaker 4: my job to go back to my passion for circus
Speaker 4: and travel.
Speaker 2: Is that not very fun?
Speaker 3: And you're only twenty two years old? Money dos? Welcome
Speaker 3: to the show. How many lives have you actually lived?
Speaker 5: Feels like one hundred at this point. It's been a
Speaker 5: long twenty two years, well, actually twenty three now I
Speaker 5: just had my birth Happy birthday.
Speaker 6: Thank you.
Speaker 3: Oh my gosh, how fun. I cannot wait to get
Speaker 3: into this. This feels like it's going to be.
Speaker 2: A wild one.
Speaker 3: So let's start off the way we always do. Can
Speaker 3: you tell us a little bit about your money story.
Speaker 5: Yes, So, as I said in my money diary, I
Speaker 5: grew up being raised by a single mum who is
Speaker 5: like a wonder woman. She left home at sixteen and
Speaker 5: has been just doing her own thing ever since. Then.
Speaker 5: She worked full time, studied full time, and raised me,
Speaker 5: putting me through private school and traveling overseas and whatnot
Speaker 5: on her single parent income. So I learned a lot
Speaker 5: from her. She was accountant, so she knows a little
Speaker 5: bit about.
Speaker 2: Money around and.
Speaker 5: Basically taught me that you can have everything, you just
Speaker 5: can't have everything at once. So I lived and I
Speaker 5: still live very much by that, making sacrifices in different
Speaker 5: areas of my life continuously so that I can achieve
Speaker 5: the things I want now and I can also achieve
Speaker 5: the things I want in the future.
Speaker 3: Oh my gosh, I feel like I get along really
Speaker 3: well with your mum, So ten out of ten for her.
Speaker 2: I want to know. Now, what do you do for work,
Speaker 2: how much money do you earn?
Speaker 6: So for work at the moment, it looks a little
Speaker 6: bit different.
Speaker 5: I recently quit my full time job that I have
Speaker 5: been doing for the last year, so I could take
Speaker 5: a step back and focus on training to get back
Speaker 5: into circuits.
Speaker 6: But obviously I had bills to pay, two mortgages and whatnot.
Speaker 5: So I basically worked out our budgets and what we
Speaker 5: needed between me and my partner to pay each week.
Speaker 5: So it comes about thirteen hundred to cover all bills
Speaker 5: including tax between.
Speaker 6: The two of us.
Speaker 5: We split that evenly, and we're both required each week
Speaker 5: to make six hundred.
Speaker 6: And fifty dollars.
Speaker 5: So I do that at the moment through working in hospitality,
Speaker 5: so I work as a catering chef or as a
Speaker 5: catering waitress at different events. I also work at a
Speaker 5: fast food franchise, and I also do uber each driving,
Speaker 5: so each week looks a little bit different. But as
Speaker 5: long as I'm making that money, we pay our bills.
Speaker 3: Oh my gosh, I love that you're so specific about that,
Speaker 3: but you're also so flexible in it. You just know
Speaker 3: how much you need to earn and you do it
Speaker 3: in whatever way works that week.
Speaker 2: That's actually so cool.
Speaker 6: Thank you.
Speaker 5: Yeah, it's really nice having lots of flexibility with that,
Speaker 5: so I can focus on training or some weeks, you know,
Speaker 5: we might have extra bills or things we want to
Speaker 5: buy in particular, and then we work a little bit
Speaker 5: harder to make those goals happen.
Speaker 3: Yeah, of course, all right, Next question, what is your
Speaker 3: big money goal? What are you working towards?
Speaker 5: So at the moment, our overall big money goal is
Speaker 5: financial freedom.
Speaker 6: I feel like most people would love.
Speaker 5: That, And that's just kind of at the moment, little
Speaker 5: steps because we have some other bigger, sooner goals that
Speaker 5: are happening, but working in the background on investment properties
Speaker 5: and investing in the share market that's still new. The
Speaker 5: other big money goal is we want to go traveling
Speaker 5: and potentially move overseas next year. So hopefully by June
Speaker 5: next year we will be off traveling, and then how
Speaker 5: long we go traveling for and whether we move depends
Speaker 5: on what income we can save or what income we
Speaker 5: can produce what we're overseas.
Speaker 3: Love Lura, talk to me. Do you have any investments,
Speaker 3: If so, what are they?
Speaker 5: Yes, So I have one investment property, which the rental
Speaker 5: income on that covers the mortgage as well as the
Speaker 5: property management fees and rates, so basically water and body
Speaker 5: corp poratepies aren't covered, but majority if it is. However,
Speaker 5: we pay the mortgage ourselves through our own budget on
Speaker 5: that property, so that the money can just go into
Speaker 5: the property to pay all the other bills and just
Speaker 5: sit there in case something comes up. We also have
Speaker 5: our home that we live in, but from next year
Speaker 5: onward it would be an investment property, and the rental
Speaker 5: on that one, looking at the moment should cover everything surplus,
Speaker 5: so we'll cover all bills and mortgage on top of that.
Speaker 5: Then we have about one thousand dollars in chasas that's
Speaker 5: still new. We've put about one hundred dollars a week
Speaker 5: into our Chezea's account just to kind of play with
Speaker 5: the market a little bit, which has been fun. And
Speaker 5: then I have Super. It is really low because, as
Speaker 5: I said, I spend a lot of time overseas, so
Speaker 5: my Super really has just been the last you know,
Speaker 5: two years that I've been back in Australia. Yeah, that's
Speaker 5: about five thousand dollars.
Speaker 2: Oh my gosh, Jess, So I'm not gonna lie.
Speaker 3: When I asked a twenty two year old talk to
Speaker 3: me about hearing the vestments, that is not the response
Speaker 3: I was expecting.
Speaker 4: I am very envious the where you are. It seems
Speaker 4: like you're doing incredibly well.
Speaker 3: I'm just so impressed. I want to keep asking questions.
Speaker 3: I'm like, what is going on? Save it after the app? Okay, okay, sorry, sorry,
Speaker 3: all right? So next question you mentioned mortgages before. How
Speaker 3: much debt do you have and what's it made up of?
Speaker 5: Yes, so I definitely have more debt at the moment
Speaker 5: than i'd like.
Speaker 6: But we have two mortgages.
Speaker 5: So one of them is two hundred and five thousand,
Speaker 5: and then the others one hundred and sixty seven thousand,
Speaker 5: so they were smaller properties, so the mortgages on them
Speaker 5: aren't too bad. And we pay about two hundred and
Speaker 5: fifty a week on one and two hundred and ten
Speaker 5: on the other. And then we have recently installed solar
Speaker 5: panels on the property we live in and we're paying
Speaker 5: about interest free for five years, so that's about nine
Speaker 5: eight hundred. Then we have a personal loan at the moment,
Speaker 5: which is kind of new. We got that a couple
Speaker 5: months ago, just to help us our renovations. We have
Speaker 5: like a lump sum in one of our accounts that
Speaker 5: we don't touch and that could have gone towards renovating.
Speaker 5: But with me deciding to take a step back from
Speaker 5: working and focus on training, I was a bit nervous
Speaker 5: to put all that money into our renos and then
Speaker 5: not have anything if something was to come up with
Speaker 5: either properties or just life in general. So for us,
Speaker 5: it made more sense to pay the extra. I think
Speaker 5: over the two years of the loan, which is ten grand,
Speaker 5: we pay an extra five hundred dollars, and I was
Speaker 5: happy to put an extra five hundred dollars into that
Speaker 5: to save us that extra money on the signing case
Speaker 5: something did come up. We do have our small emergency fund,
Speaker 5: but that's kind of an additional I haven't visil line,
Speaker 5: so I've been paying that off for the last two years,
Speaker 5: a little bit each week into a three four thousand dollars.
Speaker 3: Four thousand dollars for invisil line. That is a money
Speaker 3: win just at that side.
Speaker 2: Note not quite, that's what I've got left to pay.
Speaker 2: I was like, okay, yeah, alright, story four.
Speaker 5: But yeah, I'm yeah, four to go, And then I
Speaker 5: have hex, so that's about six grand. I did a
Speaker 5: couple of subjects while I was overseas by a correspondence
Speaker 5: and that's a he's left on them.
Speaker 2: Yeah, very cool. That story didn't check out.
Speaker 3: As a recent Invisile Line graduate and Jess being a
Speaker 3: current invisil Line student, we were like four grand.
Speaker 2: That doesn't check out.
Speaker 1: I know.
Speaker 2: I was about give me your number details, like we
Speaker 2: need to get in contact with them. That stuff cost
Speaker 2: us eight grand each.
Speaker 3: Absolutely not, But moving on, I want to know you
Speaker 3: seem pretty savvy when it comes to money. Do you
Speaker 3: use shop back when you're shopping online?
Speaker 6: Yes?
Speaker 5: I do.
Speaker 6: I heard it.
Speaker 5: And it took me a little while after listening to
Speaker 5: the podcast get into it convert, but I have been
Speaker 5: getting into it. I don't shop a lot online, which
Speaker 5: I hear often in your money diaries, but I do
Speaker 5: my best. I have the Chrome instension and the apps,
Speaker 5: so whenever I am shopping, there's being used. So I've
Speaker 5: got a few things pending at the moment, but I've
Speaker 5: got about twenty five dollars in that's been approved, and
Speaker 5: I've been keeping an eye on the gift CUD percentages
Speaker 5: to buy some more Bunning scouchers and Jetstar gift cud
Speaker 5: that's really Sprout Renovations and our travels.
Speaker 4: Did you use our code when you signed up to
Speaker 4: get yourself ten bucks as well?
Speaker 6: I did? Yeah, which was nice.
Speaker 2: Genius smart.
Speaker 4: That's free money if anyone's doing stuff shot back, SotM,
Speaker 4: that's the code. I used it when I signed up
Speaker 4: to get the ten dollars like you might.
Speaker 2: As I didn't. I didn't get it. Maybe I should
Speaker 2: hit them up.
Speaker 3: I had to get it and test it and then
Speaker 3: tell whom I wanted to work with them. They didn't
Speaker 3: give me ten bucks for signing up. Sucks for you, Yeah,
Speaker 3: what a stooge. If anyone else wants to get ten
Speaker 3: bucks when I couldn't go for it, ten out of
Speaker 3: ten can recommend as a solid money win. Next question
Speaker 3: I have for you, I feel like this is going
Speaker 3: to be a goodie jess. What is your best money habit?
Speaker 5: So I think my best money habit is that I'm
Speaker 5: continuously working on my budget and kind of the money
Speaker 5: that's coming in. Working in the various jobs they have
Speaker 5: over the last couple of years, haven't been earning a
Speaker 5: set income weekly, monthly, yearly, at all, so I have
Speaker 5: one hundred different notes for pages on my computer writing
Speaker 5: out different budgets and all of our bills and when
Speaker 5: they come out each week or whether they're paid monthly,
Speaker 5: and yeah, that we have at the moment, we have
Speaker 5: three different budgets styles. One is if we've just made
Speaker 5: the minimum that week and it pays our bills and
Speaker 5: a little bit towards investing, a little bit saving and
Speaker 5: our emergency fund, and then there's comfortable, and then there's
Speaker 5: like extra plus and then our money gets divoted across
Speaker 5: the different areas of our budget depending on how much
Speaker 5: money we've made each week. So that definitely, I think
Speaker 5: is probably one of my best money habits is that, Yeah,
Speaker 5: I'm just always on top of it and trying to
Speaker 5: make my money go as far as possible.
Speaker 4: That's a really cool idea for people who are living
Speaker 4: with a variable income, having like a track client system
Speaker 4: almost for your your budget of where it's at, because
Speaker 4: we get questions a lot about variable income, and that's
Speaker 4: such a smart way to do it because like your
Speaker 4: base level would be bare minimum covering costs. That's the
Speaker 4: most important thing any of us need to do, right.
Speaker 4: But then on the times or the weeks when you
Speaker 4: do have more money, it's nice to know where that's going,
Speaker 4: because otherwise that's when we tend to just like spend
Speaker 4: it on whatever and it just disappears exactly.
Speaker 5: Yeah, in your mind, it becomes like extra money, exactly,
Speaker 5: extra money you actually this week, and it should go somewhere, right. Yeah.
Speaker 2: I learn that word on this podcast.
Speaker 4: Fungible.
Speaker 2: Yeah, I know, I really do you know what? That
Speaker 2: word gives me the ick? I know it's legitim.
Speaker 4: Sounds like fungus.
Speaker 3: It's just it's gross, right, Like it's a gross word
Speaker 3: like fungible.
Speaker 2: Like could you guys not have thought of something cuter?
Speaker 3: They could have, but they didn't. One out of ten
Speaker 3: do not recommend? All right, I want to know. Let's
Speaker 3: flip this narrative on its head. I ask every week,
Speaker 3: what is your worst money habit? Give us the goss
Speaker 3: because I feel like you're good at everything.
Speaker 5: My worst money habit is definitely, I would say impulse buying.
Speaker 5: It looks a little bit different to other people. When
Speaker 5: I really want something, I will just buy it regardless
Speaker 5: of whether i'd like, you know, I could have saved
Speaker 5: up for it, Like I don't know if you can
Speaker 5: see in the background this little tank here is my sake.
Speaker 2: Oh my god, bought it one day. He just came
Speaker 2: home with.
Speaker 4: A same That is very funny. How did your partner
Speaker 4: feel about just coming home to a snake?
Speaker 5: Well, he actually is studying to be a zoo keeper,
Speaker 5: so she's in the circus.
Speaker 2: He's at the zoo. Like it's like a match made
Speaker 2: in heaven. It's an obsessed with this couple. I want
Speaker 2: to know so much more.
Speaker 3: Last question before we go for a really quick break,
Speaker 3: what grade would you give your money habits if we
Speaker 3: forced you to give yourself a grade?
Speaker 6: I think I give myself a B plus.
Speaker 5: I think I've been set up and I've continued some
Speaker 5: really good habits. But when it comes to a little
Speaker 5: bit more of a structure, because I haven't had one before,
Speaker 5: I do struggle with that, especially, you know, when I
Speaker 5: have had full time work or structures like you know,
Speaker 5: increasing super for the future. I think that is where
Speaker 5: I need a lot more work.
Speaker 3: Yeah, okay, I like that, but I also feel like,
Speaker 3: as a woman who is twenty three now years old,
Speaker 3: like a bee, I'm not nah like I'm just throwing
Speaker 3: you straight in the bin.
Speaker 2: There you are very close to an A plus, my love.
Speaker 3: Let's talk more about your zookeeper partner straight after this
Speaker 3: break though. All right, we are back and I want
Speaker 3: to dive straight in over the top of you, Jessica Ricci.
Speaker 3: I do apologize this is a bit perfect, but I
Speaker 3: want to know more about your zookeeper partner. Where'd you meet?
Speaker 3: How'd you meet? Like, how long have you been together?
Speaker 3: You're already married and you're twenty two. So to me,
Speaker 3: this is just wild because at twenty two, I was
Speaker 3: not the most responsible human, if we put it like that.
Speaker 6: So, if I do say so myself, we have a
Speaker 6: cute little.
Speaker 2: Oh love, sorry, oh really wanted a more there.
Speaker 5: So we met in Sunday School when we were children
Speaker 5: and became best friends and we were in separal for
Speaker 5: many years, and he actually told me when we were
Speaker 5: twelve that he would marry me, and I was like,
Speaker 5: your little creep stops. But then, you know, through life,
Speaker 5: we hadn't seen each other for about six years and
Speaker 5: mainly due to my traveling, and I hadn't seen him
Speaker 5: or his family or had any contact, and then on
Speaker 5: Valentine's Day last year, we ran into each other and
Speaker 5: then Yeah, basically within that week we were like, we're
Speaker 5: still as obsesses we were when we were twelve, and
Speaker 5: then we got married August last year, six months between
Speaker 5: us meeting and getting married, but obviously we did have
Speaker 5: that history. So yeah, because he told you when you
Speaker 5: were twelve that he was going to marry you.
Speaker 4: Did he say I told you so for that one?
Speaker 2: Yeah, like did you have very cute you know what?
Speaker 2: Anybody else would have seen that as a red flag.
Speaker 3: Our money directs is like straight on in, let's go,
Speaker 3: let's marry this man.
Speaker 2: Yeah, that's so safe.
Speaker 4: What are your plans for when you're traveling with the circus?
Speaker 2: Is that?
Speaker 4: Like, will you be traveling, you know, state to state
Speaker 4: because that's how you know, circuses generally will perform on
Speaker 4: like a roving schedule where they're traveling around. What does
Speaker 4: that look like for you and your partner because I'm
Speaker 4: assuming being a zoo keeper there's a little bit less
Speaker 4: flexibility there and he'd probably be based in one place.
Speaker 5: Yeah, so the circus. I've yet to work in a
Speaker 5: traveling circus. It's definitely a goal of mine, but I've
Speaker 5: worked in more like corporate spaces of circus. So if
Speaker 5: you have a big corporate event, people hire performers for those,
Speaker 5: or I've worked in like stationary shows or but once
Speaker 5: I have like residency contracts, So that does make it
Speaker 5: a little bit easier for if I was to get
Speaker 5: a contract that's traveling. We've already talked that he would,
Speaker 5: you know, come with me and he would either be
Speaker 5: a roady and help you know with pack up, pack
Speaker 5: down that kind of like manual labor site because he's
Speaker 5: done that in the past. He worked in sound and
Speaker 5: learning prior to working with animals. Or I am trying
Speaker 5: to convince him to do a surface acting with me.
Speaker 6: He's not so keen.
Speaker 5: He has done knife throwing in the past. And I
Speaker 5: don't know if you've ever seen, but there's.
Speaker 3: A wild I just came home with a snake. Oh yeah,
Speaker 3: my partner's got to be a zerologist.
Speaker 2: What do you do? Oh I'm in the circus and
Speaker 2: my partner throws knife.
Speaker 6: Yeah.
Speaker 3: But all of that supported by good financial underpinnings like
Speaker 3: what you've got mortgages as.
Speaker 2: Well, live your best life, Live your best life. I
Speaker 2: want to be you when I grow up. What would
Speaker 2: you guys do together?
Speaker 4: And also what do you use because there's like a
Speaker 4: lot of different areas within like I guess the spectrum
Speaker 4: of circus that you can specialize in, right.
Speaker 5: Yes, So I'm an aerialist, so that's my main thing.
Speaker 5: So I do anything that's in the air, silks, trapeze, lira, etc.
Speaker 5: So I've worked in the circus professionally since I was fifteen.
Speaker 5: So I took a year off school, did a full
Speaker 5: time course, and then started working in the circus. Did
Speaker 5: go back and finish school, but yeah, I've been working
Speaker 5: since then, so that's like my main thing. I do
Speaker 5: a little bit of ground stuff, but I'm a bit
Speaker 5: clumsy on the ground. My safe place is in the air.
Speaker 3: Oh my gosh, I'm obsessed with you. I love this
Speaker 3: all right. When it comes down to it, I want
Speaker 3: to know how did you end up with mortgages so young?
Speaker 3: Can I be a little bit pervy and ask, because obviously,
Speaker 3: when you're twenty two and you obviously have quite varied income,
Speaker 3: it's not as easy as going to the bank and saying, hey,
Speaker 3: I have a twenty percent deposit, give me a loan.
Speaker 3: So I feel like there might be a little bit
Speaker 3: more backstory there that I would love to know. A
Speaker 3: bit more about my love.
Speaker 5: I'm glad you asked, because I love telling people how
Speaker 5: I got into the property market because it's a little
Speaker 5: bit different, and the kind of asterisk I'll put on
Speaker 5: it is that I was not looking for my dream
Speaker 5: property and I was happy to be flexible with what
Speaker 5: I was finding, so that gave me a lot more opportunities.
Speaker 5: But when I was overseas, I was studying, and I
Speaker 5: was one day, I was just sitting in my room
Speaker 5: and I was like, you know what, I want to
Speaker 5: move back to a show and I want to buy
Speaker 5: a house, which is really weird.
Speaker 6: I was really enjoying living.
Speaker 5: In Europe and never thought I would ever come back,
Speaker 5: and so I on that contract. It was all the
Speaker 5: despenses paid, so what we earned from that contract just
Speaker 5: went straight into savings. We didn't have any bills, which
Speaker 5: was really amazing for about nine months that I was
Speaker 5: on that contract, and so I saved up a pretty penny.
Speaker 5: But then COVID hit and I was stuck in London
Speaker 5: during majority of the first sint of COVID, and so
Speaker 5: all of that money went down the dream.
Speaker 2: Oh so that was a bit sad because that.
Speaker 5: Was meant to be, you know, my deposit for a house.
Speaker 5: So when I came back, I was feeling a bit deflated.
Speaker 5: I only had I think I came back with only
Speaker 5: about two thousand Australian.
Speaker 2: Dollars understandably so though.
Speaker 5: I'm not going to get you very far on a
Speaker 5: deposit for a house. But I came back and I
Speaker 5: started working at a restaurant as soon as I got back,
Speaker 5: and I worked as many shifts as they would give me,
Speaker 5: so I think I was working fifty six hour weeks.
Speaker 5: Towards the end of that, I took a second job
Speaker 5: on the side. I was living with my month, so
Speaker 5: I was really lucky not to have to pay for rent,
Speaker 5: and I would mainly just eat the carcasses of what
Speaker 5: grocery she was buying, so I didn't have to buy
Speaker 5: a lot for myself. And I took the bus even
Speaker 5: though I had a car, to save on those expenses,
Speaker 5: and I saved about twenty grand. And I went to
Speaker 5: the broker when I only had about five saved and said, hey,
Speaker 5: this is my plan. I'm fast tracking to save twenty
Speaker 5: grand in the next three months. Right now I only
Speaker 5: have five, but I promise you I will get there.
Speaker 5: What mortgage can I get and what do I need
Speaker 5: to set up my finances to make sure that that
Speaker 5: will happen early next year. And so I started looking
Speaker 5: for properties about four months after I got home and
Speaker 5: I had that savings, but as we all know, the
Speaker 5: property market has been a bit crazy, so a few
Speaker 5: of my offers were rejected. But finally I found a
Speaker 5: place that was about one hundred grand less than they
Speaker 5: said they would loan me, and I was like, perfect
Speaker 5: because it's a much more affordable mortgage each week.
Speaker 6: So I'm glad I did that.
Speaker 5: And I bought the property on my own, so my
Speaker 5: now husband wasn't a part of that at all. We
Speaker 5: kind of met during that process, but that was my
Speaker 5: thing and I saw it through on my own. And
Speaker 5: then the second property we did buy together, we used
Speaker 5: that equity on the home I had bought on my
Speaker 5: own to pay for everything for the other property, so
Speaker 5: we had to put no money towards that. We had
Speaker 5: quite a bit of equity. I think it was about
Speaker 5: fifty grand in those six months between when I bought
Speaker 5: this property and when we were looking at the other
Speaker 5: property that we had to play with.
Speaker 4: So holy moly, do guys share your finances fully as
Speaker 4: a couple.
Speaker 5: Yes, I know that lots of other couples don't, but
Speaker 5: for us, it just makes it easier. He is happy
Speaker 5: for me to take the reins with that. When we met,
Speaker 5: he didn't work very much. He had a lot of
Speaker 5: after pays, it paid debts and we kind of worked
Speaker 5: together to get better habits and he's now like super interested.
Speaker 5: But by putting it together, it just gives us a
Speaker 5: little bit more money to work with each week and
Speaker 5: stretch a bit further.
Speaker 4: It's just whatever works to you, Like, there's no right
Speaker 4: or wrong. Like you said, some couples that doesn't work,
Speaker 4: but for you guys, it does and that's awesome.
Speaker 3: Yeah, I love it so much. So what's the property
Speaker 3: plan moving forward? Is the plan to build up some
Speaker 3: equity and purchase some new houses or what are we
Speaker 3: doing when it comes to creating passive revenue?
Speaker 6: Yes, so that is the plan.
Speaker 5: We are plenty on sitting down with a broker again
Speaker 5: in a couple of weeks to see if there's a
Speaker 5: potential for us to buy another property before we go
Speaker 5: overseas next year and see if that's something we want
Speaker 5: to do. So obviously our finances don't are definitely not
Speaker 5: in a position at the moment to buy somewhere. But
Speaker 5: by the end of this year, we'll be ready to
Speaker 5: go back to full time work, and so we'll probably
Speaker 5: sit down with them and ask, Okay, what do we
Speaker 5: need to be earning, what do our bank need to
Speaker 5: look like, how much equity do we need to have
Speaker 5: on the property to buy a third or a second
Speaker 5: investment property, and just see if that's something we want
Speaker 5: to push ourselves to do or if we'd rather just
Speaker 5: relax and not. But we're definitely keen if we can
Speaker 5: do it to do that, just because once we go overseas,
Speaker 5: we won't really buy for a few more years. So yeah,
Speaker 5: there's definitely the opportunity to get another property. The valuation
Speaker 5: on the house that we live in has gone up
Speaker 5: since we bought the other property, so there is a
Speaker 5: little bit more equality to play with again, which was
Speaker 5: quite nice.
Speaker 6: Yeah.
Speaker 5: But yeah, and just by year at the moment and
Speaker 5: working with someone to see if that's a possibility.
Speaker 3: Oh my gosh, I'm obsessed, Like, that's crazy to me
Speaker 3: that you're in such a strong financial position because you know,
Speaker 3: me being me, knowing enough about mortgages and how it
Speaker 3: all works. I genuinely thought you were going to come
Speaker 3: in and be like, okay, cool, like there was some
Speaker 3: family help there. But you're a little stellar saver and
Speaker 3: I should never have doubted you.
Speaker 2: What a queen.
Speaker 5: I love this well, there was a little bit of
Speaker 5: family help, you know, having your bills paid for and
Speaker 5: not having to pay you know, MP and groceries every
Speaker 5: week definitely, you know, makes.
Speaker 6: It much easier to save the deposits.
Speaker 5: So very grateful for that at the beginning.
Speaker 4: Of course, of course, how did you find working overseas
Speaker 4: in terms of income and tax because that's something we
Speaker 4: get asked a lot. A lot of people are really interested,
Speaker 4: I think now, especially after being locked up for a
Speaker 4: couple of years during COVID, people want to know about
Speaker 4: I guess that more nomadic lifestyle where you do you
Speaker 4: get to trouble around and do things like that. Did
Speaker 4: you find it really complicated, you know, living in one
Speaker 4: country earning money, but then obviously, like your Australians, you've
Speaker 4: got tax responsibilities here. How did you navigate that and
Speaker 4: figure out, you know, what the right thing to do was.
Speaker 5: So I buried my head in the sand Noorday.
Speaker 2: Yeah, honesty, I'm probably not the best method.
Speaker 5: I I think kind of end of last year, I
Speaker 5: finally did all my tax returns for the last you know,
Speaker 5: six years or whatever I had, but I haven't been done.
Speaker 5: But the kind of benefit of me doing that, or
Speaker 5: how I was able to do it without getting into
Speaker 5: too much trouble with When I was overseas, I was
Speaker 5: under my British passports, so I'm a dual citizens.
Speaker 6: Yeah, Okay, So most.
Speaker 5: Of the time when I lived in Canada, I didn't work,
Speaker 5: so I didn't have to worry about tax implications there,
Speaker 5: and then the rest of the time was in Europe,
Speaker 5: so I was under my British pastplort. There's definitely a
Speaker 5: few things that I am drew to look at over
Speaker 5: there in terms of like, I'm pretty sure one of
Speaker 5: our contracts we had some sort of like insurance or
Speaker 5: taxes that were under like a Germany umbrella, and we
Speaker 5: have some money that we were owed back, but it
Speaker 5: was all in German on the piece of paper, and
Speaker 5: so I just never looked at it. But I'm sure
Speaker 5: I've got some money over there that either needs to
Speaker 5: be paid or I need to get back. Yeah, Yeah,
Speaker 5: definitely was the best attitude I had towards it. But yeah,
Speaker 5: definitely moving forward when we go overseas next year, we're
Speaker 5: kind of already setting up how that will look and
Speaker 5: how I meant to do, you know, the right thing,
Speaker 5: rather than you know, me just putting my head in
Speaker 5: the sand and hoping for the best.
Speaker 4: Yeah, okay, great plan.
Speaker 2: I lack the sound of that.
Speaker 3: Oh my gosh, I think that's all we have time
Speaker 3: for today, Jess, unless you had some sneaky last minute questions.
Speaker 4: No, that was such a fun die that was sharing
Speaker 4: with us. That was just so interesting.
Speaker 3: I feel like we were on the a roller coaster literally,
Speaker 3: or we've been thrown literally into the circus love lovell.
Speaker 6: Thank you for.
Speaker 2: Having me, all right, Jess, Unfortunately it is time. Can
Speaker 2: you wrap the boring but important stuff?
Speaker 4: Of course, don't forget guys, the advice shed on She's
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Speaker 2: See you on Wednesday.
Speaker 1: Guys.
Speaker 4: Bye,