1 00:00:00,200 --> 00:00:02,960 Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations 2 00:00:03,000 --> 00:00:08,600 Speaker 1: woman and I'm here to acknowledge country t Glenn Young Ganya, Niana, 3 00:00:08,680 --> 00:00:11,920 Speaker 1: Kaka yah y and beIN ah Waka nian Ar gay In, Nimbina, 4 00:00:11,960 --> 00:00:17,840 Speaker 1: yakarum Jar, Dominyama, Domagahawakaman, damon Imlan Bomber bang gadaboma In 5 00:00:17,920 --> 00:00:22,439 Speaker 1: and now in Wakah ghana on yak rum jar Watnadaa. Hello, 6 00:00:22,520 --> 00:00:25,960 Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people. 7 00:00:26,360 --> 00:00:29,080 Speaker 1: We thank acknowledge and respect the Abiginal people's land that 8 00:00:29,120 --> 00:00:31,920 Speaker 1: we're gathering on today. Take pleasure in all the land 9 00:00:32,080 --> 00:00:35,360 Speaker 1: and respect all that you see. She's on the Money 10 00:00:35,360 --> 00:00:42,040 Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools, 11 00:00:42,400 --> 00:00:44,600 Speaker 1: knowledge and resources for you to thrive. 12 00:00:44,880 --> 00:00:46,600 Speaker 2: She's on the Money. 13 00:00:46,800 --> 00:00:58,000 Speaker 3: She's on the Money. 14 00:01:07,760 --> 00:01:10,679 Speaker 2: Hello, and welcome to She's on the Money, the podcast 15 00:01:10,680 --> 00:01:13,120 Speaker 2: that let you be pervy about other people's money habits 16 00:01:13,160 --> 00:01:16,600 Speaker 2: for educational purposes, of course. Welcome back to another one 17 00:01:16,600 --> 00:01:18,840 Speaker 2: of our money drays where I get the absolute pleasure 18 00:01:18,880 --> 00:01:20,760 Speaker 2: of sitting down and having a chat with one of 19 00:01:20,800 --> 00:01:23,840 Speaker 2: our beautiful She's on the Money. Community members all about 20 00:01:23,840 --> 00:01:26,440 Speaker 2: their journey. Let's jump straight into it, because this week 21 00:01:26,440 --> 00:01:29,880 Speaker 2: I got a message and it sounded exactly like this, Dear, 22 00:01:29,959 --> 00:01:32,360 Speaker 2: She's on the money. I'm nearly forty five, and for 23 00:01:32,440 --> 00:01:35,679 Speaker 2: most of my life I thought I was fine with money. 24 00:01:35,959 --> 00:01:38,800 Speaker 2: I earned well, paid the bills, even traveled, but I 25 00:01:38,920 --> 00:01:42,840 Speaker 2: never built any real wealth. Growing up in East Germany 26 00:01:42,959 --> 00:01:45,920 Speaker 2: under socialism, I believed money came to people on the 27 00:01:46,040 --> 00:01:49,200 Speaker 2: right side of the wall. After a messy divorce and 28 00:01:49,280 --> 00:01:53,640 Speaker 2: a draining custody battle, I hit financial rock bottom. It 29 00:01:53,840 --> 00:01:57,279 Speaker 2: still took years and stumbling across She's on the Money 30 00:01:57,320 --> 00:02:00,280 Speaker 2: before I realized the problem wasn't my income, it was 31 00:02:00,360 --> 00:02:03,320 Speaker 2: how I used it. I'm finally changing my habits, and 32 00:02:03,400 --> 00:02:05,920 Speaker 2: for the first time, I feel like I am in 33 00:02:06,000 --> 00:02:09,680 Speaker 2: control money. Darrist, Welcome to the show. This whole story 34 00:02:09,760 --> 00:02:11,960 Speaker 2: has so many facets. I don't know if we're going 35 00:02:12,040 --> 00:02:14,160 Speaker 2: to have enough time to get into all of this today. 36 00:02:14,280 --> 00:02:18,000 Speaker 2: Like that's a lot. Yeah, Hi, welcome to the show. 37 00:02:18,120 --> 00:02:20,800 Speaker 2: I'm so excited to talk to you before we dive 38 00:02:21,120 --> 00:02:24,000 Speaker 2: completely in. Can you tell me what grade would you 39 00:02:24,000 --> 00:02:25,560 Speaker 2: give your money habits if I asked you to give 40 00:02:25,600 --> 00:02:27,120 Speaker 2: them a grade from a through to f. 41 00:02:27,280 --> 00:02:29,760 Speaker 4: Oh my god, I really thought long and hard about it, 42 00:02:29,800 --> 00:02:33,160 Speaker 4: but I would say maybe a C minus. 43 00:02:32,800 --> 00:02:35,000 Speaker 2: A C minus. All right, well, I think we can 44 00:02:35,080 --> 00:02:37,200 Speaker 2: learn a little bit more about that in the next 45 00:02:37,240 --> 00:02:40,040 Speaker 2: few minutes. Talk to me. I want to know, tell 46 00:02:40,080 --> 00:02:41,720 Speaker 2: me a bit about your money's story. 47 00:02:42,000 --> 00:02:45,880 Speaker 4: Yeah, so, like I alluded, originally, I am originally from 48 00:02:46,040 --> 00:02:49,360 Speaker 4: East Germany, and yeah, it was always I don't know. 49 00:02:49,440 --> 00:02:52,040 Speaker 4: As a kid, I always thought everything at the other 50 00:02:52,080 --> 00:02:55,080 Speaker 4: side of the wall, everything is bigger, shinier. You just 51 00:02:55,080 --> 00:02:57,560 Speaker 4: got to get over there and life will be great. 52 00:02:58,440 --> 00:03:01,760 Speaker 4: And my mum, she was a mom. I'm an only child. 53 00:03:01,880 --> 00:03:05,959 Speaker 4: She worked really, really hard, so my perception of money 54 00:03:06,120 --> 00:03:08,840 Speaker 4: was the harder you work, the more you're going to earn, 55 00:03:09,120 --> 00:03:11,480 Speaker 4: and that's how you make it in life. 56 00:03:11,520 --> 00:03:13,560 Speaker 2: Really, it sounds like your mom was an icon. 57 00:03:14,760 --> 00:03:18,280 Speaker 4: Yeah. She unfortunately passed away when I was twelve. 58 00:03:17,960 --> 00:03:22,760 Speaker 2: So, my goodness, that's another layer to the complex money story. 59 00:03:22,800 --> 00:03:25,120 Speaker 2: That would have been terrible, especially if you only had 60 00:03:25,120 --> 00:03:25,919 Speaker 2: a single mom. 61 00:03:26,280 --> 00:03:29,800 Speaker 4: Yeah. Yeah, we had just moved over to West Germany. 62 00:03:29,919 --> 00:03:34,240 Speaker 4: So she married a West German who was rich, So 63 00:03:34,320 --> 00:03:37,160 Speaker 4: that influenced my What was so I thought that he 64 00:03:37,280 --> 00:03:39,480 Speaker 4: was rich, just you know, he had money all the time, 65 00:03:39,560 --> 00:03:41,680 Speaker 4: and we went on holidays all of a sudden. So 66 00:03:42,400 --> 00:03:46,080 Speaker 4: but yeah, it was, yeah, very strange time of my life. 67 00:03:46,200 --> 00:03:48,520 Speaker 4: I was, like I said, only twelve years old, and 68 00:03:49,080 --> 00:03:52,320 Speaker 4: I met my biological father at my mom's funeral and 69 00:03:52,680 --> 00:03:56,000 Speaker 4: ended up moving in with him and his wife back 70 00:03:56,040 --> 00:04:01,400 Speaker 4: to East Germany, deep deep East. And yeah, it's just 71 00:04:01,480 --> 00:04:02,640 Speaker 4: definitely interesting. 72 00:04:02,960 --> 00:04:07,800 Speaker 2: Oh my goodness, meeting your biological dad at your mum's funeral, Like, girl, 73 00:04:07,880 --> 00:04:11,280 Speaker 2: that is fifty layers of trauma like that would have 74 00:04:11,400 --> 00:04:15,000 Speaker 2: been just like an absolute whirlwind. And at twelve you're 75 00:04:15,000 --> 00:04:17,760 Speaker 2: about to go through puberty like that would have been 76 00:04:18,400 --> 00:04:21,360 Speaker 2: such challenging time for you. And to come through all 77 00:04:21,400 --> 00:04:23,599 Speaker 2: of that and be the icon that you are today, 78 00:04:23,800 --> 00:04:25,840 Speaker 2: You're incredible. I am already obsessed with you. 79 00:04:26,680 --> 00:04:27,080 Speaker 4: Thank you. 80 00:04:27,440 --> 00:04:30,640 Speaker 2: So tell me a little bit more about what happened 81 00:04:30,880 --> 00:04:33,280 Speaker 2: once you became an adult. So you said went through 82 00:04:33,279 --> 00:04:36,000 Speaker 2: a messy divorce, Like what was that? Like, how did 83 00:04:36,000 --> 00:04:36,840 Speaker 2: that eventuate? 84 00:04:37,200 --> 00:04:39,800 Speaker 4: Yeah? Yeah, So I always say my thirties are kind 85 00:04:39,800 --> 00:04:42,440 Speaker 4: of like down the drain. So I got married when 86 00:04:42,440 --> 00:04:44,880 Speaker 4: I was thirty and then had my first child, and 87 00:04:44,920 --> 00:04:47,720 Speaker 4: then shortly there after my second. But it was an 88 00:04:47,760 --> 00:04:52,200 Speaker 4: abuse of relationship. So eventually, towards the end of my thirties, 89 00:04:52,279 --> 00:04:56,479 Speaker 4: I finally like, yes, something happened, and I just, yeah, 90 00:04:56,560 --> 00:04:59,880 Speaker 4: decided to leave. And because it was such a toxic relationship, 91 00:05:00,200 --> 00:05:04,360 Speaker 4: I basically left everything behind. We were owning two properties 92 00:05:04,400 --> 00:05:07,080 Speaker 4: at the time, because originally we were living in Alo 93 00:05:07,160 --> 00:05:09,160 Speaker 4: Springs for six years and we had a house there, 94 00:05:09,640 --> 00:05:12,040 Speaker 4: and then we moved over to the West Coast and 95 00:05:12,400 --> 00:05:16,080 Speaker 4: we bought our second house when I was pregnant with 96 00:05:16,120 --> 00:05:20,600 Speaker 4: my daughter, my second child. So eventually I was like 97 00:05:20,760 --> 00:05:23,440 Speaker 4: I had enough, I left and I kind of just 98 00:05:23,560 --> 00:05:26,320 Speaker 4: gave everything up. We sold the property in Alo Springs 99 00:05:26,600 --> 00:05:31,479 Speaker 4: at a loss, and the property in Wi he held on, 100 00:05:32,200 --> 00:05:34,960 Speaker 4: so he's still owning that. But yeah, like I said, 101 00:05:35,000 --> 00:05:37,839 Speaker 4: I walked away with nothing. And then he took me 102 00:05:37,920 --> 00:05:40,719 Speaker 4: to court to fight for the children. So that cost 103 00:05:40,800 --> 00:05:42,880 Speaker 4: me a lot of money. Obviously, the lawyer, I was 104 00:05:42,880 --> 00:05:46,440 Speaker 4: fifteen thousand dollars, And like I said, I always thought 105 00:05:46,480 --> 00:05:48,600 Speaker 4: I was good with money, and I was able to 106 00:05:48,680 --> 00:05:51,159 Speaker 4: sustain the lawyer for fair bit. But then eventually I 107 00:05:51,200 --> 00:05:54,200 Speaker 4: had to go home to Germany and walk around and 108 00:05:54,760 --> 00:05:57,240 Speaker 4: kind of like beg for a bit of money and 109 00:05:57,279 --> 00:06:01,080 Speaker 4: a bit support, but yeah, eventually came to an agreement 110 00:06:01,160 --> 00:06:03,400 Speaker 4: and the kids are now fifty to fifty, so that's good. 111 00:06:03,560 --> 00:06:06,840 Speaker 2: Yeah, wow, oh my goodness. I feel like it couldn't 112 00:06:06,880 --> 00:06:08,760 Speaker 2: get worse. And then you're like, yep, and it was 113 00:06:08,839 --> 00:06:11,280 Speaker 2: actually terrible and it walked away with nothing but like 114 00:06:11,680 --> 00:06:15,320 Speaker 2: good girl walking away from that. So many people don't 115 00:06:15,320 --> 00:06:18,240 Speaker 2: and that's such a hard thing to do. I'm genuinely 116 00:06:18,360 --> 00:06:20,320 Speaker 2: so ex Like, I know you said your thirties are 117 00:06:20,360 --> 00:06:22,280 Speaker 2: down the drain. I think we actually just learned a 118 00:06:22,279 --> 00:06:24,640 Speaker 2: lot during that period, and now you're going to thrive 119 00:06:24,680 --> 00:06:27,599 Speaker 2: in your forties. Like forties are the new thirties anyway, right, 120 00:06:27,839 --> 00:06:30,839 Speaker 2: Like that's the plan and we're just starting from scratch. 121 00:06:31,279 --> 00:06:33,320 Speaker 2: Tell me, how did you end up in Australia? How 122 00:06:33,360 --> 00:06:34,600 Speaker 2: were we so lucky to get you? 123 00:06:34,760 --> 00:06:37,640 Speaker 4: Yeah? So I actually came to Australia in two thousand 124 00:06:37,680 --> 00:06:40,200 Speaker 4: and seven, so I only came on a work on 125 00:06:40,200 --> 00:06:44,280 Speaker 4: holiday visa. So my ideal life was always to travel 126 00:06:44,279 --> 00:06:47,400 Speaker 4: as much as possible, So wherever I went, I also 127 00:06:47,480 --> 00:06:50,480 Speaker 4: worked because that's the cheapest way of travel, am my eyes. 128 00:06:50,480 --> 00:06:53,880 Speaker 4: So I also went to America for two years. If 129 00:06:53,880 --> 00:06:57,840 Speaker 4: they're actually I was just listening to the other monaydayya. 130 00:06:57,160 --> 00:07:01,000 Speaker 2: Oh the San Francisco one. Yes, yes, that was a goodie. 131 00:07:01,040 --> 00:07:03,360 Speaker 4: Yeah. Yeah, So I lived in San Francisco for two years, 132 00:07:03,360 --> 00:07:06,120 Speaker 4: which was great, and then came back to Germany. But 133 00:07:06,160 --> 00:07:08,960 Speaker 4: then Germany is really really small after having lived in 134 00:07:08,960 --> 00:07:12,920 Speaker 4: San Francisco for two years, so then, yeah, I went 135 00:07:12,960 --> 00:07:15,680 Speaker 4: to Australia on a work on holiday visa. I worked 136 00:07:15,680 --> 00:07:17,400 Speaker 4: as a tour guide, but then I just fell in 137 00:07:17,400 --> 00:07:19,760 Speaker 4: love with the country and worked really hard. I got 138 00:07:19,760 --> 00:07:22,920 Speaker 4: a working visa luckily, so that's how I came to 139 00:07:22,960 --> 00:07:27,520 Speaker 4: stay and then met my husband and yeah, rest is history. 140 00:07:27,440 --> 00:07:30,720 Speaker 2: And ended up in Alice Springs. Alice Springs is a 141 00:07:30,840 --> 00:07:35,200 Speaker 2: very rogue choice when you said just before, oh, Germany 142 00:07:35,320 --> 00:07:38,120 Speaker 2: was really small, like girl, I don't know how to 143 00:07:38,160 --> 00:07:40,520 Speaker 2: tell you, but Alice Springs is a little bit smaller. 144 00:07:41,800 --> 00:07:44,320 Speaker 4: Actually, it was not the plan. So the plan. I 145 00:07:44,360 --> 00:07:46,760 Speaker 4: always had the job. I was looking for a job 146 00:07:46,800 --> 00:07:48,880 Speaker 4: before I left Germany, so I did have the tour 147 00:07:48,920 --> 00:07:51,520 Speaker 4: guiding job and Alice Springs before I left, so I 148 00:07:51,560 --> 00:07:53,600 Speaker 4: needed their security, but that was only meant to be 149 00:07:53,840 --> 00:07:56,520 Speaker 4: a six months stay and then I was going to 150 00:07:56,640 --> 00:08:00,280 Speaker 4: travel for you know, another two to four months and 151 00:08:00,320 --> 00:08:02,600 Speaker 4: then go back to my job that I had. I 152 00:08:02,760 --> 00:08:06,840 Speaker 4: just basically took a spatical in Germany. But yeah, Ellie Springs, 153 00:08:06,880 --> 00:08:10,680 Speaker 4: it's so beautiful. I mean, unfortunately not anymore as much 154 00:08:10,680 --> 00:08:13,760 Speaker 4: as it was back then. So I ended up living 155 00:08:13,760 --> 00:08:15,640 Speaker 4: there for six years, and I also lived a year 156 00:08:15,720 --> 00:08:18,760 Speaker 4: at the Rock. It's just that will always be Traue 157 00:08:18,760 --> 00:08:19,560 Speaker 4: Australia for me. 158 00:08:19,800 --> 00:08:21,880 Speaker 2: Yeah, no, it's so beautiful. 159 00:08:21,440 --> 00:08:23,280 Speaker 4: Don't get me wrong. Now that I live at the 160 00:08:23,280 --> 00:08:25,480 Speaker 4: West Coast close to the beach, I mean I'm like 161 00:08:25,520 --> 00:08:29,360 Speaker 4: five minutes down from the beach. That's obviously lifestyle like right. 162 00:08:29,200 --> 00:08:32,240 Speaker 2: There, that's a good deal. And growing up in East Germany, 163 00:08:32,360 --> 00:08:34,800 Speaker 2: I bet you never thought that you would live five 164 00:08:34,840 --> 00:08:36,080 Speaker 2: minutes from a beach. 165 00:08:36,520 --> 00:08:39,160 Speaker 4: Oh definitely not, No, definitely not. 166 00:08:39,600 --> 00:08:42,440 Speaker 2: That's crazy even though you've been through so much, Like 167 00:08:42,520 --> 00:08:45,960 Speaker 2: I feel like you've got this like dreamy little lifestyle now, 168 00:08:46,120 --> 00:08:47,240 Speaker 2: like that's beautiful. 169 00:08:47,480 --> 00:08:47,680 Speaker 1: Yeah. 170 00:08:47,720 --> 00:08:50,679 Speaker 4: No, I'm definitely very fortunate. I've got two beautiful kids, 171 00:08:50,679 --> 00:08:53,880 Speaker 4: that's and yeah where I live and yeah, I definitely 172 00:08:53,880 --> 00:08:54,520 Speaker 4: can't complain. 173 00:08:54,640 --> 00:08:57,320 Speaker 2: But do so tell me you mentioned before like I 174 00:08:57,360 --> 00:08:58,960 Speaker 2: was a travel guide. What do you do for work 175 00:08:59,000 --> 00:09:00,000 Speaker 2: now and how much money. 176 00:08:59,840 --> 00:09:03,760 Speaker 4: Do you. So I'm an operations manager at the airport. Yeah. 177 00:09:03,800 --> 00:09:04,120 Speaker 2: Cool. 178 00:09:04,360 --> 00:09:08,000 Speaker 4: So I've got a base wage of one hundred and 179 00:09:08,080 --> 00:09:09,840 Speaker 4: thirty nine one hundred. 180 00:09:10,080 --> 00:09:11,120 Speaker 2: That's so good. 181 00:09:11,400 --> 00:09:13,920 Speaker 4: Yeah, yeah, it's a great Actually, my base pay plus 182 00:09:14,040 --> 00:09:16,720 Speaker 4: invalances is like at one hundred and fifty three thousand, 183 00:09:16,800 --> 00:09:20,080 Speaker 4: so it's yeah, it's it's fantastic. And then once a 184 00:09:20,160 --> 00:09:23,120 Speaker 4: year I get a bonus as well, a twelve percent bonus. 185 00:09:23,360 --> 00:09:27,040 Speaker 2: Excuse me, that is so good. So one fifty three 186 00:09:27,200 --> 00:09:30,720 Speaker 2: plus some bonuses here and there, like that means that 187 00:09:30,760 --> 00:09:34,040 Speaker 2: we can build some serious like financial freedom. I mean, 188 00:09:34,080 --> 00:09:37,760 Speaker 2: so you think, but oh absolutely absolutely. You are still 189 00:09:37,760 --> 00:09:40,640 Speaker 2: a baby. You are still young. You said you're forty four, right, 190 00:09:40,679 --> 00:09:43,680 Speaker 2: We've got so much time on our side. Talk to 191 00:09:43,720 --> 00:09:46,079 Speaker 2: me about how you got into that, because like, I 192 00:09:46,080 --> 00:09:49,080 Speaker 2: don't know, I just I love this idea of a journey, 193 00:09:49,200 --> 00:09:52,400 Speaker 2: you being so young and having been through so much 194 00:09:52,760 --> 00:09:57,040 Speaker 2: to then being an ops manager at an airport in Australia, 195 00:09:57,080 --> 00:09:59,760 Speaker 2: Like that's kind of crazy to think that twelve year 196 00:09:59,800 --> 00:10:03,360 Speaker 2: old you would move back to East Germany, didn't know 197 00:10:03,400 --> 00:10:06,959 Speaker 2: what was going on, like very tumultuous period of your life. 198 00:10:07,240 --> 00:10:10,000 Speaker 2: Now you live here like, did you always want to 199 00:10:10,080 --> 00:10:13,240 Speaker 2: leave Germany? Was that part of the plan? Like how 200 00:10:13,240 --> 00:10:14,439 Speaker 2: did this eventuate? 201 00:10:14,600 --> 00:10:14,800 Speaker 5: Yeah? 202 00:10:14,800 --> 00:10:17,360 Speaker 4: I think it's all because my mom always she always 203 00:10:17,400 --> 00:10:19,880 Speaker 4: wanted to leave East Germany. That's how I grew up. 204 00:10:20,000 --> 00:10:23,200 Speaker 4: So it was always Obviously the regime was pretty tough, 205 00:10:23,240 --> 00:10:25,400 Speaker 4: so I only heard vispers here and there. They weren't 206 00:10:25,440 --> 00:10:29,880 Speaker 4: obviously openly talking about, but traveling was always something that 207 00:10:29,960 --> 00:10:32,800 Speaker 4: my mom wanted, and she always like she was considering 208 00:10:32,800 --> 00:10:35,600 Speaker 4: a fleeing across the border, but she was too worried 209 00:10:35,679 --> 00:10:39,720 Speaker 4: about me because obviously people were killed doing that. So 210 00:10:40,440 --> 00:10:42,480 Speaker 4: I kind of always felt like I was holding her back. 211 00:10:42,520 --> 00:10:45,760 Speaker 4: And then when she passed, and obviously I kind of 212 00:10:45,800 --> 00:10:48,959 Speaker 4: took that on and then I've been yeah, living the dream. 213 00:10:49,440 --> 00:10:52,520 Speaker 2: Let's go. Mom. I'm sure she's somewhere so proud of you, 214 00:10:52,600 --> 00:10:56,320 Speaker 2: Like she's just like, look at my baby go. She 215 00:10:56,520 --> 00:10:59,280 Speaker 2: is so proud. I love that. Tell me a bit more, like, 216 00:10:59,440 --> 00:11:01,400 Speaker 2: what are your money goals. You've been through a lot. 217 00:11:01,520 --> 00:11:04,600 Speaker 2: You went through a messy divorce and a draining custody battle. 218 00:11:04,640 --> 00:11:07,079 Speaker 2: You now have fifty to fifty custody with your kids, 219 00:11:07,120 --> 00:11:10,240 Speaker 2: which is a brilliant outcome. Talk to me about what 220 00:11:10,280 --> 00:11:11,720 Speaker 2: your big money goals are now. 221 00:11:11,880 --> 00:11:14,640 Speaker 4: The biggest goal is obviously paying do under mortgage as 222 00:11:14,679 --> 00:11:17,440 Speaker 4: fast as I can, because I last year just I 223 00:11:17,520 --> 00:11:20,319 Speaker 4: beg bored and stealed and stole and got my foot 224 00:11:20,360 --> 00:11:24,280 Speaker 4: in the door with a little apartment, which I'm so happy. 225 00:11:24,360 --> 00:11:26,559 Speaker 4: I was like just at the right spot at the 226 00:11:26,640 --> 00:11:29,560 Speaker 4: right time, which very really happens. So I want to 227 00:11:29,559 --> 00:11:32,559 Speaker 4: pay that down a bit faster because obviously thirty years 228 00:11:32,679 --> 00:11:35,880 Speaker 4: is quite daunting in my age. And then my daughter 229 00:11:36,040 --> 00:11:40,760 Speaker 4: really really wants to go to Japan, so trying to 230 00:11:40,800 --> 00:11:42,640 Speaker 4: see if I can make that happen somehow. 231 00:11:43,000 --> 00:11:45,240 Speaker 2: I love that. How old is your daughter? 232 00:11:45,480 --> 00:11:45,680 Speaker 4: Ten? 233 00:11:45,880 --> 00:11:48,520 Speaker 2: Oh my goodness, So she's standing, She's like, mom, that's 234 00:11:48,600 --> 00:11:49,160 Speaker 2: my dream. 235 00:11:49,559 --> 00:11:51,840 Speaker 4: Yeah. She's a huge Harry Potter fan. So she wants 236 00:11:51,920 --> 00:11:53,280 Speaker 4: to go to Harry Potter World. 237 00:11:53,520 --> 00:11:56,360 Speaker 2: Oh my goodness. I love this for her. So we're 238 00:11:56,480 --> 00:11:58,960 Speaker 2: hopefully going on a holidays Japan, and we are going 239 00:11:59,040 --> 00:12:01,520 Speaker 2: to pay down our more gage. Let's go to a 240 00:12:01,559 --> 00:12:03,720 Speaker 2: really quick break because on the flip side, I have 241 00:12:03,760 --> 00:12:05,679 Speaker 2: a lot of questions and I feel like you have 242 00:12:05,840 --> 00:12:12,480 Speaker 2: a lot of insights. So guys don't go anywhere, all right, 243 00:12:12,559 --> 00:12:14,840 Speaker 2: money dirist, We are back. I want to talk a 244 00:12:14,840 --> 00:12:17,800 Speaker 2: little bit more about this mortgage. You said you begged, 245 00:12:17,840 --> 00:12:20,360 Speaker 2: your borrowed, your stole so that you could get into 246 00:12:20,440 --> 00:12:22,960 Speaker 2: your first like apartment on your own. I know this 247 00:12:23,040 --> 00:12:25,280 Speaker 2: isn't your first property purchase, but it's like you've done 248 00:12:25,280 --> 00:12:27,840 Speaker 2: this on your own, so that feels a little bit different. 249 00:12:28,480 --> 00:12:31,319 Speaker 2: How did you manage that? Like you said, money was 250 00:12:31,360 --> 00:12:35,360 Speaker 2: really hard. Obviously you realized quite quickly it wasn't really 251 00:12:35,360 --> 00:12:37,560 Speaker 2: about how much you earned, but how you were using it. 252 00:12:38,240 --> 00:12:40,600 Speaker 2: How did you kind of come to that? I guess 253 00:12:40,760 --> 00:12:42,560 Speaker 2: conclusion that you were like, I've got to do something 254 00:12:42,559 --> 00:12:44,240 Speaker 2: about this because I need to buy an apartment. How 255 00:12:44,240 --> 00:12:46,360 Speaker 2: does that happen? Because, like, I think lots of us 256 00:12:46,400 --> 00:12:46,720 Speaker 2: want that. 257 00:12:46,800 --> 00:12:49,880 Speaker 4: What to be honest, covid an interest rate rises, right. 258 00:12:49,960 --> 00:12:53,080 Speaker 4: I never really wanted to own Kuzbeck and Germany. You 259 00:12:53,160 --> 00:12:55,960 Speaker 4: grow up as a renter. It's a common thing. People 260 00:12:56,280 --> 00:12:58,680 Speaker 4: you know, only really buy when they're ridge. So when 261 00:12:58,720 --> 00:13:01,319 Speaker 4: we bought our house with my ex husband, I was 262 00:13:01,440 --> 00:13:03,880 Speaker 4: quite opposed to it. So when I got rid of 263 00:13:03,960 --> 00:13:06,640 Speaker 4: the properties, I was also quite happy about it. But 264 00:13:06,720 --> 00:13:11,040 Speaker 4: then renting just became a drama. I mean I moved 265 00:13:11,120 --> 00:13:13,679 Speaker 4: like almost every year with my children, so every year 266 00:13:13,720 --> 00:13:15,720 Speaker 4: we had to pack up and move into another house. 267 00:13:16,240 --> 00:13:18,120 Speaker 4: And then we finally had a house where we could 268 00:13:18,160 --> 00:13:20,120 Speaker 4: stay in for two years in a row, and then 269 00:13:20,160 --> 00:13:24,440 Speaker 4: they janked up the rent from four fifty to six fifty, 270 00:13:24,559 --> 00:13:26,440 Speaker 4: like from one year to the other, and there was 271 00:13:26,520 --> 00:13:29,960 Speaker 4: just there's no budget for that, like it's just impossible. 272 00:13:30,600 --> 00:13:34,240 Speaker 4: So six fifty a week is just yeah, I just 273 00:13:34,320 --> 00:13:37,880 Speaker 4: can't do it. So I kind of was faced with, yeah, 274 00:13:37,920 --> 00:13:40,680 Speaker 4: having to make a decision, and then obviously realizing that 275 00:13:40,720 --> 00:13:44,040 Speaker 4: in Australia, you know, you were talking about that one 276 00:13:44,040 --> 00:13:47,280 Speaker 4: of your other podcasts, retirement is all laid out like 277 00:13:47,440 --> 00:13:50,840 Speaker 4: it's based on you owning a property. So I thought 278 00:13:50,880 --> 00:13:53,920 Speaker 4: it's now or never, and I reached out to a broker. 279 00:13:54,520 --> 00:13:57,640 Speaker 4: Listening to You Love Get It, Yeah, so reached out 280 00:13:57,679 --> 00:13:59,880 Speaker 4: to a broker and then yeah, we went with Keystar. 281 00:14:00,320 --> 00:14:03,880 Speaker 4: So I had very very little deposit, but yeah. 282 00:14:03,640 --> 00:14:07,200 Speaker 2: Yeah, So the key Start program means that single parents 283 00:14:07,240 --> 00:14:09,080 Speaker 2: can actually get in for as little as a two 284 00:14:09,120 --> 00:14:13,840 Speaker 2: percent deposit, which is actually so cool. But the process is, 285 00:14:14,000 --> 00:14:16,520 Speaker 2: I won't say it's super complex, but you usually need 286 00:14:16,559 --> 00:14:18,680 Speaker 2: a broker to be able to help you through the 287 00:14:18,720 --> 00:14:20,680 Speaker 2: process and apply for it because there are only a 288 00:14:20,720 --> 00:14:23,880 Speaker 2: certain amount of slots every six months that are available. 289 00:14:24,120 --> 00:14:26,520 Speaker 2: That is so cool that you got in on that, Like, 290 00:14:26,600 --> 00:14:29,040 Speaker 2: that makes me so happy that you're in the best 291 00:14:29,080 --> 00:14:32,320 Speaker 2: possible position. So talk to me about investing. Have you 292 00:14:32,320 --> 00:14:34,800 Speaker 2: got superannuation? If so, what's the plan there? 293 00:14:34,960 --> 00:14:38,720 Speaker 4: Yeah, so I do have SUPER. My company pays twelve percent, 294 00:14:39,040 --> 00:14:41,240 Speaker 4: so they've always been on a bit of a higher rate. 295 00:14:41,800 --> 00:14:44,480 Speaker 4: But obviously I've only started in two thousand and seven, 296 00:14:45,200 --> 00:14:47,960 Speaker 4: so I'm a bit behind the eight bore once again, 297 00:14:48,280 --> 00:14:52,160 Speaker 4: listening to your podcast. I've seen a financial advisor at 298 00:14:52,200 --> 00:14:54,200 Speaker 4: the start of the year, so he's just working all 299 00:14:54,200 --> 00:14:56,080 Speaker 4: of this out. He's already told me that I need 300 00:14:56,120 --> 00:14:58,720 Speaker 4: to swap supers, so I have a meeting with him 301 00:14:58,760 --> 00:15:01,320 Speaker 4: next week and he's got a bit of an action 302 00:15:01,440 --> 00:15:04,320 Speaker 4: plan for me swapping supers and building the wealth a 303 00:15:04,360 --> 00:15:04,760 Speaker 4: bit more. 304 00:15:04,920 --> 00:15:07,480 Speaker 2: You are absolutely on top of this. I feel like 305 00:15:07,840 --> 00:15:09,560 Speaker 2: these are all the things that I would have said. Look, 306 00:15:09,560 --> 00:15:12,120 Speaker 2: if you're feeling under convent, go and see a financial advisor. 307 00:15:12,200 --> 00:15:13,600 Speaker 2: You know, if you want to get in your first home, 308 00:15:13,640 --> 00:15:15,960 Speaker 2: we could maybe get a deposit for like two percent. 309 00:15:16,040 --> 00:15:18,280 Speaker 2: You've done it all. You don't even need cheese on 310 00:15:18,320 --> 00:15:22,800 Speaker 2: the money anymore. You're just flying. I'm obsessed. So talk 311 00:15:22,840 --> 00:15:24,760 Speaker 2: to me about this homeland that you've got. How much 312 00:15:24,880 --> 00:15:26,680 Speaker 2: debt are you in? Like? What did you purchase your 313 00:15:26,720 --> 00:15:27,080 Speaker 2: home for? 314 00:15:27,400 --> 00:15:29,680 Speaker 4: Yeah? So I was once again super super lucky. 315 00:15:29,720 --> 00:15:32,760 Speaker 2: So no, you weren't lucky. You were not lucky. Luck 316 00:15:32,840 --> 00:15:34,920 Speaker 2: doesn't come into this. You worked hard for this. 317 00:15:36,520 --> 00:15:39,960 Speaker 4: I bought it for four hundred and fifty one thousand. 318 00:15:39,680 --> 00:15:41,640 Speaker 2: Dollars, yes, very specific. 319 00:15:42,080 --> 00:15:44,640 Speaker 4: Yeah, so it was advertised for four hundred and fifty 320 00:15:44,880 --> 00:15:47,600 Speaker 4: and then we agreed on four fifty, and then the 321 00:15:47,640 --> 00:15:49,680 Speaker 4: real estate lady ring, wee, can we make it five 322 00:15:49,680 --> 00:15:52,200 Speaker 4: for one? I was like, yeah, no worth and then 323 00:15:52,320 --> 00:15:55,680 Speaker 4: my broker actually reached out. So I purchased it in 324 00:15:55,800 --> 00:16:00,160 Speaker 4: July through keystat and then in November, totally unexpected, my 325 00:16:00,200 --> 00:16:02,760 Speaker 4: broker called me and he goes, did you know you 326 00:16:02,800 --> 00:16:06,960 Speaker 4: can refinance? And I said what already? Like are you serious? Yeah? 327 00:16:07,040 --> 00:16:10,120 Speaker 4: So the property went up in value so fast that 328 00:16:10,360 --> 00:16:13,840 Speaker 4: I actually had equity enough in it that I could refinance. 329 00:16:13,920 --> 00:16:18,480 Speaker 4: So in November, just before Christmas, I refinanced. So now 330 00:16:18,600 --> 00:16:21,640 Speaker 4: my mortgage is at four hundred and thirty four for 331 00:16:21,760 --> 00:16:22,400 Speaker 4: thirty years. 332 00:16:22,480 --> 00:16:25,800 Speaker 2: Oh look at you go. I adore that for you, 333 00:16:25,880 --> 00:16:27,960 Speaker 2: and I love that you've got a proactive broker because 334 00:16:28,000 --> 00:16:30,360 Speaker 2: so many people they'll go see your mortgage broker and 335 00:16:30,400 --> 00:16:32,760 Speaker 2: then they'll never hear from him again because the loans 336 00:16:32,760 --> 00:16:34,280 Speaker 2: sat and forget. I love that he called you up 337 00:16:34,320 --> 00:16:35,960 Speaker 2: and was like, okay, cool. So this is going to 338 00:16:35,960 --> 00:16:38,600 Speaker 2: put you in an even better position. Like he sounds great, 339 00:16:38,680 --> 00:16:40,960 Speaker 2: You keep him. You make sure that you look after 340 00:16:41,040 --> 00:16:43,800 Speaker 2: him so that he keeps broking for you for the 341 00:16:43,840 --> 00:16:46,480 Speaker 2: rest of ever. Talk to me about what the plan 342 00:16:46,560 --> 00:16:49,240 Speaker 2: there is. You're trying to smash down that mortgage. What 343 00:16:49,280 --> 00:16:50,200 Speaker 2: does that look like? 344 00:16:50,520 --> 00:16:53,840 Speaker 4: Yeah, so according to the financial advisor, I've got to 345 00:16:53,880 --> 00:16:58,080 Speaker 4: obviously op my payments, so I'm just waiting to catch 346 00:16:58,160 --> 00:17:00,840 Speaker 4: up with them. My plan was always to pay more 347 00:17:00,880 --> 00:17:04,440 Speaker 4: than what I need interest rate vise, but I also 348 00:17:04,480 --> 00:17:07,159 Speaker 4: have an offset account, so to be honest, I'm a 349 00:17:07,200 --> 00:17:09,600 Speaker 4: little bit lost since I got the offset accounts because 350 00:17:09,640 --> 00:17:12,440 Speaker 4: now I've got all my money going into the offset account. 351 00:17:12,480 --> 00:17:15,760 Speaker 4: I no longer have all the different accounts like I 352 00:17:15,880 --> 00:17:20,560 Speaker 4: used to. So probably once I've spoken to my financial 353 00:17:20,560 --> 00:17:24,199 Speaker 4: advisor next week, I'm probably going to have to restructure 354 00:17:24,240 --> 00:17:25,200 Speaker 4: how I'm doing everything. 355 00:17:25,320 --> 00:17:27,639 Speaker 2: You can call your mortgage broker and ask about how 356 00:17:27,720 --> 00:17:30,560 Speaker 2: many offset accounts you can have. Some mortgages will only 357 00:17:30,600 --> 00:17:32,960 Speaker 2: allow you to have one. But I've got my fingers 358 00:17:32,960 --> 00:17:35,680 Speaker 2: crossed so that if you call your mortgage broker, he 359 00:17:35,760 --> 00:17:37,800 Speaker 2: might say, look, you can have as many offset accounts 360 00:17:37,840 --> 00:17:39,600 Speaker 2: as you want, and then you could have lots of 361 00:17:39,640 --> 00:17:43,720 Speaker 2: different accounts to separate it out, because that might actually 362 00:17:43,800 --> 00:17:45,760 Speaker 2: and you could do that before you see your financial 363 00:17:45,800 --> 00:17:48,080 Speaker 2: advisor and just inquire and say, well, could I have 364 00:17:48,280 --> 00:17:51,640 Speaker 2: more offset accounts for the same mortgage, because then you've 365 00:17:51,680 --> 00:17:54,600 Speaker 2: just got a lot of them. You can have that clarity, 366 00:17:54,680 --> 00:17:56,480 Speaker 2: you can do that planning, but at least all of 367 00:17:56,520 --> 00:17:59,120 Speaker 2: those dollars are offsetting your mortgage, which is what we 368 00:17:59,160 --> 00:18:01,159 Speaker 2: want right want to make sure that our money is 369 00:18:01,200 --> 00:18:03,959 Speaker 2: working really hard for us. But often you can actually 370 00:18:03,960 --> 00:18:06,119 Speaker 2: have more than one, which might actually work for you. 371 00:18:06,280 --> 00:18:08,960 Speaker 4: Oh yes, Oh that sounds great. I definitely enquire about that. 372 00:18:09,080 --> 00:18:11,159 Speaker 2: Yeah, definitely give him a buzz and say, excuse me. 373 00:18:11,280 --> 00:18:13,679 Speaker 2: I was talking to a friend and she said that 374 00:18:13,920 --> 00:18:15,960 Speaker 2: maybe I could have more than one and that might 375 00:18:16,040 --> 00:18:18,960 Speaker 2: actually help. But it's frustrating when you start to feel 376 00:18:18,960 --> 00:18:20,640 Speaker 2: a little bit out of control of your money because 377 00:18:20,640 --> 00:18:21,960 Speaker 2: it sounds like you're trying to do the right thing 378 00:18:22,000 --> 00:18:24,359 Speaker 2: by like loading up your offset, but then you're like 379 00:18:24,400 --> 00:18:27,560 Speaker 2: everything's all together and there's no clarity. So tell me, 380 00:18:27,640 --> 00:18:29,800 Speaker 2: how do you usually manage your finances? 381 00:18:30,040 --> 00:18:32,240 Speaker 4: Yeah, So I always thought I was good with money 382 00:18:32,240 --> 00:18:35,040 Speaker 4: because I attract everything. I have this spreadsheet and I 383 00:18:35,080 --> 00:18:37,280 Speaker 4: still have it, and every time I spend something, I 384 00:18:37,359 --> 00:18:40,719 Speaker 4: put it in the spreadsheet. But I just really haven't 385 00:18:40,960 --> 00:18:44,639 Speaker 4: gotten the hang of what budgeting actually means. So I 386 00:18:44,760 --> 00:18:48,960 Speaker 4: never overspent, but I never stick to a budget either. 387 00:18:49,320 --> 00:18:52,000 Speaker 4: So I just basically I'm just tracking. So that's what 388 00:18:52,040 --> 00:18:54,280 Speaker 4: I'm trying to learn by listening to your podcast and 389 00:18:54,320 --> 00:18:59,320 Speaker 4: reading your books is just trying to rethink, trying to 390 00:18:59,440 --> 00:19:01,480 Speaker 4: retrain myself on how I managed that. 391 00:19:01,720 --> 00:19:03,920 Speaker 2: So how did you come to that conclusion? Because you 392 00:19:04,000 --> 00:19:06,639 Speaker 2: said I realized the problem wasn't my income, it was 393 00:19:06,680 --> 00:19:09,560 Speaker 2: how I used it. And obviously if you hadn't been 394 00:19:09,560 --> 00:19:12,000 Speaker 2: introduced to Shees on the Money or anything like that before, 395 00:19:12,040 --> 00:19:14,160 Speaker 2: were you just like this is a problem, Like I've 396 00:19:14,160 --> 00:19:16,359 Speaker 2: got good money, but like it's not working, or like, 397 00:19:16,600 --> 00:19:18,600 Speaker 2: how did you come to the conclusion that you were like, 398 00:19:18,800 --> 00:19:19,760 Speaker 2: something's not right. 399 00:19:20,160 --> 00:19:22,840 Speaker 4: Yeah. So it was basically whenever I wanted to go 400 00:19:22,880 --> 00:19:25,440 Speaker 4: on a holiday or whenever, you know, something a big 401 00:19:25,480 --> 00:19:28,080 Speaker 4: purchase came up. I was able to get that money 402 00:19:28,119 --> 00:19:32,240 Speaker 4: together by saving and being you know, stingy, and so 403 00:19:32,359 --> 00:19:35,680 Speaker 4: I never really had issues with overspending. But I never 404 00:19:35,800 --> 00:19:39,960 Speaker 4: ever had anything left over. So actually it was when 405 00:19:40,000 --> 00:19:42,679 Speaker 4: my next bonus payment came up. So every March I 406 00:19:42,720 --> 00:19:45,800 Speaker 4: get bonus payments. And then I realized, listen, I've been 407 00:19:45,840 --> 00:19:48,439 Speaker 4: earning all this money, but I at the end, I 408 00:19:48,440 --> 00:19:51,640 Speaker 4: don't actually have anything to show for. I'm nearly forty five, 409 00:19:51,680 --> 00:19:54,320 Speaker 4: and I'm living paycheck to paycheck. I mean, I don't 410 00:19:54,359 --> 00:19:57,320 Speaker 4: live bad, but I also don't live exorbitant like I. 411 00:19:58,160 --> 00:20:00,959 Speaker 4: You know, it's kind of obviously lifestyle creep and whatnot. 412 00:20:01,080 --> 00:20:03,280 Speaker 4: But I had to dial that back now with the 413 00:20:03,359 --> 00:20:07,320 Speaker 4: mortgage and everything. But somehow when we went out with friends, 414 00:20:07,359 --> 00:20:09,879 Speaker 4: you know, and the extra coffee here and the extra 415 00:20:09,960 --> 00:20:12,480 Speaker 4: take out there, kind of go like, oh, it's actually 416 00:20:12,520 --> 00:20:16,120 Speaker 4: a lot of money. So I didn't really have anything 417 00:20:16,160 --> 00:20:18,280 Speaker 4: to fall back on. And I kind of realized now 418 00:20:18,320 --> 00:20:21,080 Speaker 4: with my age and having two children, I kind of 419 00:20:21,080 --> 00:20:23,320 Speaker 4: have to start looking at what is there when I 420 00:20:23,359 --> 00:20:24,320 Speaker 4: don't have an income? 421 00:20:24,480 --> 00:20:28,000 Speaker 2: Did you find that quite confronting when you're like, oh, oh, yes, yeah, 422 00:20:28,040 --> 00:20:30,359 Speaker 2: because that can be really hard, right you think, oh, 423 00:20:30,440 --> 00:20:32,800 Speaker 2: I'm you know, nearly forty five, what am I doing? 424 00:20:32,840 --> 00:20:35,679 Speaker 2: Like that can feel terrible. It's not terrible, but it 425 00:20:35,720 --> 00:20:36,480 Speaker 2: feels that way. 426 00:20:36,680 --> 00:20:38,840 Speaker 4: Yeah. Yeah. Or when I went to Germany to ask 427 00:20:38,880 --> 00:20:41,440 Speaker 4: for money for the lawyer I my stepdad. He was saying, 428 00:20:41,480 --> 00:20:43,879 Speaker 4: you're really bad at money, and I was like, what 429 00:20:43,920 --> 00:20:45,720 Speaker 4: do you mean? I'm really bad at money? You know, 430 00:20:45,840 --> 00:20:48,480 Speaker 4: I can afford everything I want. I earn a lot. 431 00:20:48,520 --> 00:20:51,359 Speaker 4: I work hard. Sometimes I have two or three jobs 432 00:20:51,400 --> 00:20:53,520 Speaker 4: at the same time, so I can afford everything I 433 00:20:53,560 --> 00:20:56,280 Speaker 4: want to afford. So I kind of like shuckled and 434 00:20:56,320 --> 00:20:59,560 Speaker 4: I'm like, yeah, whatever. You know, I obviously didn't plan 435 00:20:59,600 --> 00:21:01,800 Speaker 4: on going to court fight for my children, you know, 436 00:21:01,920 --> 00:21:04,600 Speaker 4: so I kind of really didn't understand. But you know, 437 00:21:04,720 --> 00:21:08,240 Speaker 4: he's been investing and he's been looking after his money, 438 00:21:08,280 --> 00:21:11,960 Speaker 4: which I haven't been. So now I've walked actually past 439 00:21:12,000 --> 00:21:14,600 Speaker 4: your book at the bookstore and it was on special, 440 00:21:14,680 --> 00:21:17,720 Speaker 4: so I grabbed it a money when exactly, and then 441 00:21:17,760 --> 00:21:20,040 Speaker 4: I started reading it and you talk about the money 442 00:21:20,040 --> 00:21:22,159 Speaker 4: story and it was so confronting for me. I couldn't 443 00:21:22,160 --> 00:21:24,439 Speaker 4: actually keep reading. I had to like put it away 444 00:21:24,520 --> 00:21:25,879 Speaker 4: because it triggered me. 445 00:21:26,000 --> 00:21:29,320 Speaker 2: I'm sorry, but it's so important for you not understand. 446 00:21:29,640 --> 00:21:32,200 Speaker 4: Yeah, so that's kind of where, you know, I'm just slowly, 447 00:21:32,280 --> 00:21:35,680 Speaker 4: step by step, I'm just realizing the way I looked 448 00:21:35,680 --> 00:21:37,959 Speaker 4: at money and the way I looked at what it 449 00:21:38,000 --> 00:21:41,320 Speaker 4: actually means was completely wrong. So I'm just trying to 450 00:21:41,400 --> 00:21:42,160 Speaker 4: retrain that. 451 00:21:42,160 --> 00:21:45,000 Speaker 2: It wasn't wrong, it just wasn't what you wanted to be. 452 00:21:45,720 --> 00:21:47,679 Speaker 2: And I think that you need to give yourself a 453 00:21:47,680 --> 00:21:51,800 Speaker 2: lot of grace because with what you've gone through in life, 454 00:21:52,200 --> 00:21:56,439 Speaker 2: to have now moved yourself to Australia and be earning 455 00:21:56,480 --> 00:22:00,240 Speaker 2: what you're earning, like that's incredible. Like that is so incredible, 456 00:22:00,400 --> 00:22:03,200 Speaker 2: Like that is for a lot of people. I'm assuming 457 00:22:03,400 --> 00:22:06,359 Speaker 2: they're still in East Germany, still living the same type 458 00:22:06,359 --> 00:22:09,840 Speaker 2: of lifestyle still, you know, scrimping and trying to save it, 459 00:22:09,840 --> 00:22:11,800 Speaker 2: and you're here going no, no, no, I want better 460 00:22:11,800 --> 00:22:13,760 Speaker 2: for me, I want better for my kids. Like that 461 00:22:13,920 --> 00:22:16,800 Speaker 2: is iconic behavior Like that is exactly what we want 462 00:22:16,840 --> 00:22:19,479 Speaker 2: to see. And yes, we weren't doing what we wanted 463 00:22:19,520 --> 00:22:21,760 Speaker 2: to before but you didn't have the tools and resources 464 00:22:21,760 --> 00:22:24,280 Speaker 2: that you had right now. You didn't have that before. 465 00:22:24,280 --> 00:22:26,040 Speaker 2: You weren't doing the wrong thing. You just didn't know 466 00:22:26,080 --> 00:22:28,359 Speaker 2: what the thing was that you wanted to do. And 467 00:22:28,400 --> 00:22:32,000 Speaker 2: I think that's sometimes we need to start using language 468 00:22:32,000 --> 00:22:34,560 Speaker 2: that's not crucifying past you, because like if I go 469 00:22:34,640 --> 00:22:36,800 Speaker 2: back any point in time, right, like I go back 470 00:22:36,800 --> 00:22:38,879 Speaker 2: to Money direst and you're thirty, I go back to 471 00:22:38,880 --> 00:22:41,359 Speaker 2: you when you're twenty five and I spoke to you, 472 00:22:41,800 --> 00:22:43,359 Speaker 2: I think that you would have been doing the best 473 00:22:43,359 --> 00:22:45,160 Speaker 2: that you could, right Like, you would have been doing 474 00:22:45,200 --> 00:22:46,680 Speaker 2: the best that you could with the tools and the 475 00:22:46,720 --> 00:22:49,000 Speaker 2: resources that you had, but you just didn't know any different. 476 00:22:49,520 --> 00:22:51,439 Speaker 2: So like, we're not being mean to her. She did 477 00:22:51,480 --> 00:22:54,520 Speaker 2: the best that she could and now she's doing even better. 478 00:22:54,560 --> 00:22:57,800 Speaker 2: She's thriving now, and that's good. But I don't think 479 00:22:57,840 --> 00:23:00,240 Speaker 2: we want to be harsh on ourselves in the like, 480 00:23:00,280 --> 00:23:02,080 Speaker 2: oh I was doing the wrong thing. You weren't doing 481 00:23:02,080 --> 00:23:03,960 Speaker 2: the wrong thing. We'll just trying our hardest. We just 482 00:23:04,000 --> 00:23:06,119 Speaker 2: didn't have direction, and now we do, and that is 483 00:23:06,240 --> 00:23:08,960 Speaker 2: very cool. So I'm actually going to set you up, 484 00:23:09,000 --> 00:23:10,840 Speaker 2: and I know that you've got a financial Advisor and 485 00:23:10,880 --> 00:23:12,840 Speaker 2: you can show them this. But I'm going to set 486 00:23:12,880 --> 00:23:15,119 Speaker 2: you up with my Money Masterclass, which is my like 487 00:23:15,480 --> 00:23:17,199 Speaker 2: it might be a little bit confronting, so I do 488 00:23:17,280 --> 00:23:19,359 Speaker 2: apologize because I do have a lot of videos in 489 00:23:19,400 --> 00:23:23,320 Speaker 2: it about money stories and about you coming to terms 490 00:23:23,359 --> 00:23:25,399 Speaker 2: with what that means and the difference between your money 491 00:23:25,440 --> 00:23:28,119 Speaker 2: values and your money beliefs and stuff like that. So 492 00:23:28,160 --> 00:23:30,040 Speaker 2: I'm going to give that to you. But there's a 493 00:23:30,119 --> 00:23:32,720 Speaker 2: really beautiful spreadsheet in there that's actually a bit more 494 00:23:32,760 --> 00:23:35,879 Speaker 2: like a software program. I've coded the whole thing, and 495 00:23:35,920 --> 00:23:37,560 Speaker 2: you just put in what you're spending and it will 496 00:23:37,600 --> 00:23:40,920 Speaker 2: spit out what bank accounts, especially based on your offset, 497 00:23:41,119 --> 00:23:43,160 Speaker 2: where they need to go, and how much money you're 498 00:23:43,160 --> 00:23:46,159 Speaker 2: spending on a weekly basis, and what percentage that looks like, 499 00:23:46,200 --> 00:23:48,240 Speaker 2: so that you have complete clarity. And I think that 500 00:23:48,240 --> 00:23:50,640 Speaker 2: that's going to really work for you because I can 501 00:23:50,680 --> 00:23:54,040 Speaker 2: see you're trying so hard, but like, we just need 502 00:23:54,080 --> 00:23:56,280 Speaker 2: another tool, We just need to throw something into the 503 00:23:56,320 --> 00:23:57,880 Speaker 2: mix to make it a little bit easier. So once 504 00:23:57,880 --> 00:23:59,479 Speaker 2: we've done recording today, I'm going to set you up 505 00:23:59,480 --> 00:24:02,800 Speaker 2: with that, But tell me a bit more. I'm so 506 00:24:02,920 --> 00:24:05,879 Speaker 2: enamored by your story talk to me. What do you 507 00:24:05,920 --> 00:24:08,119 Speaker 2: think your best money habit is? Like growing up in 508 00:24:08,160 --> 00:24:09,720 Speaker 2: East Germany, you're going to have to have some good 509 00:24:09,720 --> 00:24:13,040 Speaker 2: money habits. Like you said before, I can scrimp, I 510 00:24:13,040 --> 00:24:15,320 Speaker 2: can save. I can pull together money. Like I feel 511 00:24:15,359 --> 00:24:16,320 Speaker 2: like you're a bit of a wizard. 512 00:24:17,000 --> 00:24:19,800 Speaker 4: Yeah, well I definitely if I have the plant next 513 00:24:19,880 --> 00:24:22,719 Speaker 4: year Christmas, I want to go to Germany or whatever 514 00:24:22,760 --> 00:24:25,760 Speaker 4: it is, I can save tetal cows come home. You know, 515 00:24:25,840 --> 00:24:29,840 Speaker 4: I skip you know, my coffees or whatever it is. 516 00:24:29,960 --> 00:24:33,359 Speaker 4: And yeah, definitely, really really good at saving if I 517 00:24:33,359 --> 00:24:34,320 Speaker 4: have an immediate goal. 518 00:24:34,480 --> 00:24:37,800 Speaker 2: I love that. And have you got any naughty money habits? 519 00:24:38,080 --> 00:24:41,359 Speaker 4: Yeah, that's sticking to a budget. Really. It's like like 520 00:24:41,400 --> 00:24:44,400 Speaker 4: I said, I never really overspend, but I do, Yeah, 521 00:24:44,640 --> 00:24:47,160 Speaker 4: live to the max, like I always spend it off. 522 00:24:47,480 --> 00:24:49,679 Speaker 2: I feel like that's a really common thing though, Like 523 00:24:49,720 --> 00:24:53,119 Speaker 2: we all feel like, oh, we're not like overspending, But 524 00:24:53,200 --> 00:24:56,760 Speaker 2: it's just the consistency of our small purchases that over 525 00:24:56,840 --> 00:24:59,840 Speaker 2: time end up adding up. And while you could reduce 526 00:24:59,840 --> 00:25:01,720 Speaker 2: your budget and you could be like vee, I love 527 00:25:01,760 --> 00:25:03,800 Speaker 2: my coffee and like that's me right, Like, and I've 528 00:25:03,800 --> 00:25:07,520 Speaker 2: openly said you can pry my coffee from my cold 529 00:25:07,520 --> 00:25:09,520 Speaker 2: dead hands. I will have one every single day, like 530 00:25:09,640 --> 00:25:12,520 Speaker 2: I'm not compromising, but there are other things in my 531 00:25:12,560 --> 00:25:15,160 Speaker 2: budget that maybe I'm pulling out so that I can 532 00:25:15,280 --> 00:25:18,080 Speaker 2: have that, But you might not go ah V coffee. Yes, 533 00:25:18,119 --> 00:25:20,239 Speaker 2: it's nice, but like I could just make one at 534 00:25:20,240 --> 00:25:22,399 Speaker 2: home and that's absolutely going to work for me, because 535 00:25:22,400 --> 00:25:25,720 Speaker 2: different things work for different people. So I think being 536 00:25:25,800 --> 00:25:28,240 Speaker 2: aware of it the most important thing. Like I think 537 00:25:28,280 --> 00:25:31,560 Speaker 2: all of us and you showed me this before you said, Victoria, 538 00:25:31,760 --> 00:25:35,680 Speaker 2: I earn one hundred and fifty three thousand dollars and 539 00:25:35,720 --> 00:25:38,560 Speaker 2: that's fantastic. You know exactly what's coming in. But if 540 00:25:38,600 --> 00:25:41,640 Speaker 2: I said, well, money, dost how many dollars do you spend? 541 00:25:42,280 --> 00:25:44,760 Speaker 2: You couldn't tell me that. And that's okay because like 542 00:25:44,760 --> 00:25:46,840 Speaker 2: my money masterclass is going to sort you out, like 543 00:25:47,080 --> 00:25:47,879 Speaker 2: I'm gumming for you. 544 00:25:48,400 --> 00:25:49,520 Speaker 4: But it's this. 545 00:25:49,600 --> 00:25:51,800 Speaker 2: Idea that we know exactly what's coming in, but we 546 00:25:51,880 --> 00:25:54,640 Speaker 2: can't go, oh, well, on average, I'm spending X per 547 00:25:54,680 --> 00:25:56,879 Speaker 2: week on food and beverage and I'm really happy with that. 548 00:25:57,040 --> 00:25:59,280 Speaker 2: It might be like, oh, I don't really know. Sometimes 549 00:25:59,280 --> 00:26:01,440 Speaker 2: I get a takeaway, sometimes I don't, like I just 550 00:26:01,480 --> 00:26:03,920 Speaker 2: want you to be aware so that we can make 551 00:26:03,960 --> 00:26:06,040 Speaker 2: sure that that's in line with our values. Because for 552 00:26:06,080 --> 00:26:08,760 Speaker 2: some of us that's a non negotiable. We need our 553 00:26:08,760 --> 00:26:11,280 Speaker 2: little arm and croissant, and I'm not going to ever 554 00:26:11,400 --> 00:26:14,280 Speaker 2: argue with you. But for some people, they're like, oh, 555 00:26:14,359 --> 00:26:16,760 Speaker 2: I'm wasting my money. That's not a value to me. 556 00:26:17,200 --> 00:26:19,200 Speaker 2: I want to plan a holiday, or I want to 557 00:26:19,200 --> 00:26:20,679 Speaker 2: go to Germany, or I want to go to Japan 558 00:26:20,760 --> 00:26:23,080 Speaker 2: with my daughter, and this is more important. And I 559 00:26:23,080 --> 00:26:25,399 Speaker 2: think that sometimes we just need our goals to be 560 00:26:25,440 --> 00:26:28,760 Speaker 2: put really clearly in front of us and what sacrifices 561 00:26:28,840 --> 00:26:30,800 Speaker 2: need to be made to get there. I just know 562 00:26:30,880 --> 00:26:32,600 Speaker 2: that you're on the path. Like you said, You've got 563 00:26:32,640 --> 00:26:35,240 Speaker 2: this appointment with your financial advisor next week, You've bought 564 00:26:35,240 --> 00:26:37,199 Speaker 2: your house recently. I just think that you're on the 565 00:26:37,240 --> 00:26:39,680 Speaker 2: trajectory of going up. And it would be a privilege 566 00:26:39,720 --> 00:26:41,320 Speaker 2: if in like twelve months, I can get you back 567 00:26:41,359 --> 00:26:42,639 Speaker 2: on the show and be like, wait, where are you 568 00:26:42,680 --> 00:26:44,520 Speaker 2: at what's going on? Because I just know that you're 569 00:26:44,560 --> 00:26:47,399 Speaker 2: going to thrive. Like your forties, they're going to be 570 00:26:47,440 --> 00:26:49,199 Speaker 2: the best years of your life. I just know it. 571 00:26:49,320 --> 00:26:50,359 Speaker 4: Oh, thank you so much. 572 00:26:50,400 --> 00:26:52,840 Speaker 2: I appreciate that I know it, so talk to me. 573 00:26:53,200 --> 00:26:56,399 Speaker 2: I just feel like a C minus girl. What are 574 00:26:56,400 --> 00:27:00,679 Speaker 2: you talking about? Like that's so unnecessarily harsh. You're not 575 00:27:00,720 --> 00:27:03,960 Speaker 2: a C minus. You've got two kids. You fought tooth 576 00:27:04,000 --> 00:27:05,680 Speaker 2: and nail to make sure that you get fifty to 577 00:27:05,720 --> 00:27:08,679 Speaker 2: fifty custody with them. You know what you want to 578 00:27:08,720 --> 00:27:11,000 Speaker 2: achieve for them. You've just gone above and beyond to 579 00:27:11,119 --> 00:27:14,480 Speaker 2: purchase your first home to give them that financial security. 580 00:27:15,000 --> 00:27:17,919 Speaker 2: You're talking about making sure that you know you're broker, 581 00:27:18,080 --> 00:27:20,520 Speaker 2: Like your broker is really good. You're talking to a 582 00:27:20,520 --> 00:27:22,919 Speaker 2: financial advisor. You're like, oh, I know, I've got super 583 00:27:23,200 --> 00:27:25,520 Speaker 2: probably a little bit behind because I only started contributing 584 00:27:25,560 --> 00:27:27,399 Speaker 2: in two thousand and seven, but I'm going to be 585 00:27:27,440 --> 00:27:29,720 Speaker 2: on top of this. Like you are so far ahead 586 00:27:29,840 --> 00:27:33,520 Speaker 2: of literally everybody else your age, Like so many people 587 00:27:33,560 --> 00:27:36,280 Speaker 2: in their mid forties still have their head in the sand. 588 00:27:36,520 --> 00:27:38,320 Speaker 2: They're literally like, I don't want to think about it. 589 00:27:38,320 --> 00:27:41,199 Speaker 2: It's too overwhelming. This is not for me, and that's okay, 590 00:27:41,920 --> 00:27:44,080 Speaker 2: But like, your way ahead of the game. Do you 591 00:27:44,160 --> 00:27:46,520 Speaker 2: think after we've had a chat and I've just talked 592 00:27:46,520 --> 00:27:48,680 Speaker 2: to you about, you know, all these habits and things 593 00:27:48,680 --> 00:27:50,280 Speaker 2: that you're doing. Do you think that you would grade 594 00:27:50,320 --> 00:27:51,520 Speaker 2: that person a C minus. 595 00:27:51,560 --> 00:27:54,720 Speaker 4: I don't know. I'm generally very hard. Maybe a C plus. 596 00:27:54,760 --> 00:27:57,119 Speaker 2: That's the Germany in you. I feel like, quite like 597 00:27:57,680 --> 00:27:58,720 Speaker 2: this is how it's going to be. 598 00:27:59,600 --> 00:28:01,919 Speaker 4: Yeah, I'm definitely working towards it. I mean, once I 599 00:28:01,960 --> 00:28:05,359 Speaker 4: set my mind to something, I definitely I've one letter go, 600 00:28:05,560 --> 00:28:06,120 Speaker 4: that's for sure. 601 00:28:06,200 --> 00:28:08,440 Speaker 2: I love that. What do you think it would take 602 00:28:08,640 --> 00:28:11,520 Speaker 2: for you in your financial life for you to say, oh, 603 00:28:11,600 --> 00:28:13,919 Speaker 2: I'm a B or Victoria, I'm headed towards an A 604 00:28:14,119 --> 00:28:15,119 Speaker 2: like what would that look like? 605 00:28:15,359 --> 00:28:17,520 Speaker 4: I think once I feel a little bit more in 606 00:28:17,560 --> 00:28:21,040 Speaker 4: control of what's going out, rather than just recording it, 607 00:28:21,359 --> 00:28:24,760 Speaker 4: actually mindfully spending it and keeping track of it in 608 00:28:24,800 --> 00:28:28,520 Speaker 4: a way that I can see I'm building wealth. So 609 00:28:29,280 --> 00:28:32,400 Speaker 4: I'm quite hopeful that you know within the next yeah, 610 00:28:32,520 --> 00:28:35,400 Speaker 4: six to twelve months, that things will change. 611 00:28:35,480 --> 00:28:37,240 Speaker 2: I just know they will. And I think that that's 612 00:28:37,280 --> 00:28:42,440 Speaker 2: one of the most common misconceptions about budgeting that people go, well, 613 00:28:42,480 --> 00:28:45,080 Speaker 2: I do budget because I track everything that I spend, 614 00:28:45,480 --> 00:28:48,280 Speaker 2: and it's not so much about tracking but more about 615 00:28:48,280 --> 00:28:51,280 Speaker 2: the flow of money and more about Okay, well, this 616 00:28:51,360 --> 00:28:54,920 Speaker 2: amount is allocated for this, and I'm reaching my goals 617 00:28:54,960 --> 00:28:58,160 Speaker 2: and feeling like I'm moving forward. Just by tracking doesn't 618 00:28:58,200 --> 00:29:00,840 Speaker 2: mean you feel like you're making progress. So it's about 619 00:29:00,880 --> 00:29:03,920 Speaker 2: putting that progress first and then working towards it, as 620 00:29:03,960 --> 00:29:06,720 Speaker 2: opposed to just like looking at what was It's like 621 00:29:06,800 --> 00:29:10,640 Speaker 2: the difference between accounting and financial advice. And I was 622 00:29:10,680 --> 00:29:12,600 Speaker 2: having this conversation the other day and I promise it 623 00:29:12,600 --> 00:29:15,320 Speaker 2: will make sense in a second, but it's like comparing 624 00:29:15,360 --> 00:29:18,640 Speaker 2: those two professions. So an accountant, they look at everything 625 00:29:18,640 --> 00:29:22,040 Speaker 2: that happened in the past, but a financial advisor is 626 00:29:22,080 --> 00:29:24,600 Speaker 2: looking at everything that's going to happen in the future. 627 00:29:24,680 --> 00:29:26,960 Speaker 2: So they're making predictions. They're like, oh, if you put 628 00:29:27,040 --> 00:29:30,120 Speaker 2: here and here in place in the future, it'll look 629 00:29:30,160 --> 00:29:32,080 Speaker 2: like this, whereas an accountant, it's going to go, oh, 630 00:29:32,120 --> 00:29:33,680 Speaker 2: I can do your tax return and look at what 631 00:29:33,720 --> 00:29:36,600 Speaker 2: you've spent. That's not what's going to create wealth. And 632 00:29:36,640 --> 00:29:38,720 Speaker 2: I think so often when we're budgeting and when we're 633 00:29:38,720 --> 00:29:41,400 Speaker 2: trying to get our finances together, we default to an 634 00:29:41,440 --> 00:29:44,560 Speaker 2: accountant's mindset and we just go, well, one plus one 635 00:29:44,560 --> 00:29:46,560 Speaker 2: equals too, and we need to see what happened in 636 00:29:46,600 --> 00:29:49,120 Speaker 2: the past. But I'm very much of the opinion that 637 00:29:49,160 --> 00:29:51,160 Speaker 2: we need to forget what happened. Then, like we're not 638 00:29:51,160 --> 00:29:53,600 Speaker 2: going to crucify ourselves. You are wasting your energy if 639 00:29:53,600 --> 00:29:55,600 Speaker 2: you're saying, oh, I wasn't good at money or I 640 00:29:55,600 --> 00:29:57,680 Speaker 2: didn't know what we don't care. I don't care. I 641 00:29:57,720 --> 00:29:59,440 Speaker 2: don't want to know how bad you were at things. 642 00:29:59,640 --> 00:30:01,520 Speaker 2: That does and help us. I want to know about 643 00:30:01,520 --> 00:30:03,760 Speaker 2: your grand plans. I want to know about the future. 644 00:30:03,800 --> 00:30:06,320 Speaker 2: So we need to go from this accountant mindset to 645 00:30:06,360 --> 00:30:09,560 Speaker 2: a financial advisor mindset. And that's very hard because and 646 00:30:09,600 --> 00:30:11,400 Speaker 2: I'm not saying their job is easier. Do not come 647 00:30:11,400 --> 00:30:14,400 Speaker 2: for me, guys, but their job is a little bit 648 00:30:14,440 --> 00:30:17,000 Speaker 2: clearer because they have really set numbers. I can see 649 00:30:17,040 --> 00:30:19,440 Speaker 2: exactly what you spent on coffee, I can see exactly 650 00:30:19,480 --> 00:30:21,480 Speaker 2: what you spent on your travel. I can see exactly 651 00:30:21,480 --> 00:30:25,880 Speaker 2: what you spent, whereas the financial advisor, they're predicting, and 652 00:30:25,880 --> 00:30:29,280 Speaker 2: that's a little bit more hard for us to comprehend. 653 00:30:29,600 --> 00:30:32,160 Speaker 2: So we need to step into that mindset, and that's 654 00:30:32,200 --> 00:30:34,400 Speaker 2: what's going to create growth. That's what's going to give 655 00:30:34,480 --> 00:30:37,080 Speaker 2: us the clarity that we deserve to create the life 656 00:30:37,080 --> 00:30:38,320 Speaker 2: that we want. And I feel like you're in the 657 00:30:38,320 --> 00:30:40,960 Speaker 2: middle of that like you've been doing the accountant thing 658 00:30:40,960 --> 00:30:43,840 Speaker 2: of track track tracking, and now you're about to literally 659 00:30:43,880 --> 00:30:45,840 Speaker 2: next week go see your financial advisor, and now it's 660 00:30:45,840 --> 00:30:47,960 Speaker 2: going to be about growth. I'm just so excited for you. 661 00:30:48,360 --> 00:30:50,880 Speaker 2: I think you've got the brightest future and you are 662 00:30:50,960 --> 00:30:53,520 Speaker 2: so delightful, and I'm just so excited that we get 663 00:30:53,520 --> 00:30:55,680 Speaker 2: to keep you here in Australia. Like what a privilege. 664 00:30:55,760 --> 00:30:58,920 Speaker 2: Thank you so much money, Dirist. It has been absolutely 665 00:30:58,960 --> 00:31:01,320 Speaker 2: gorgeous getting to know you. I feel like you've gone 666 00:31:01,320 --> 00:31:04,360 Speaker 2: through a lot, from growing up in East Germany, your 667 00:31:04,440 --> 00:31:07,040 Speaker 2: mom passing away when you were twelve, Like even you're 668 00:31:07,040 --> 00:31:09,480 Speaker 2: just saying, oh, yes, I met my biological dad at 669 00:31:09,520 --> 00:31:13,200 Speaker 2: my mom's funeral. My goodness. Now you've got two beautiful 670 00:31:13,240 --> 00:31:14,880 Speaker 2: kids of your own and you're living on the other 671 00:31:14,960 --> 00:31:18,360 Speaker 2: side of the world, Like life is crazy, and I 672 00:31:18,480 --> 00:31:21,160 Speaker 2: just I feel like you are definitely embracing it in 673 00:31:21,200 --> 00:31:21,840 Speaker 2: the right way. 674 00:31:22,280 --> 00:31:25,120 Speaker 4: Yeah, definitely, you never know what's around a corner. That's 675 00:31:25,120 --> 00:31:26,560 Speaker 4: definitely that life has shown me. 676 00:31:27,080 --> 00:31:29,800 Speaker 2: You have proven that, my love. Thank you so much 677 00:31:29,840 --> 00:31:32,400 Speaker 2: for joining us. I know the community is absolutely going 678 00:31:32,480 --> 00:31:34,560 Speaker 2: to be obsessed with this episode because I am. 679 00:31:34,680 --> 00:31:36,280 Speaker 4: Thank you so so much for having me. 680 00:31:42,600 --> 00:31:45,040 Speaker 2: If I shared or She's on the Money is general 681 00:31:45,120 --> 00:31:48,960 Speaker 2: in nature and does not consider your individual circumstances. She's 682 00:31:49,000 --> 00:31:52,480 Speaker 2: on the Money exists purely for educational purposes and should 683 00:31:52,480 --> 00:31:55,680 Speaker 2: not be relied upon to make an investment or financial decision. 684 00:31:56,080 --> 00:31:58,680 Speaker 2: If you do choose to buy a financial product. 685 00:31:58,320 --> 00:32:02,160 Speaker 5: Read the PDS TMD and obtain appropriate financial advice. 686 00:32:01,920 --> 00:32:03,240 Speaker 2: Tailored towards your needs. 687 00:32:03,600 --> 00:32:07,560 Speaker 5: Victoria Divine and Sheese on the Money are authorized representatives 688 00:32:07,600 --> 00:32:09,920 Speaker 5: of money sherper P T y L t D A 689 00:32:10,080 --> 00:32:13,000 Speaker 5: b N three two one six four nine two seven 690 00:32:13,080 --> 00:32:16,560 Speaker 5: seven zero eight afs L four five one two eight 691 00:32:16,720 --> 00:32:17,560 Speaker 5: nine