1 00:00:00,200 --> 00:00:02,040 Speaker 1: She's on the Money. 2 00:00:02,160 --> 00:00:18,599 Speaker 2: She's on the Money. Hello, and welcome to She's on 3 00:00:18,640 --> 00:00:21,560 Speaker 2: the Money, the podcast for millennials who want financial freedom. 4 00:00:21,560 --> 00:00:24,119 Speaker 2: My name is Ryan John on here with Victoria Devine. 5 00:00:23,800 --> 00:00:25,680 Speaker 3: And oh how the tables have turned? 6 00:00:25,840 --> 00:00:27,680 Speaker 2: Well, you were taking too long with all the dumplings 7 00:00:27,680 --> 00:00:29,000 Speaker 2: over there, and we just need to get started. 8 00:00:29,080 --> 00:00:31,120 Speaker 3: I'm not that sorry. I got dumplings and didn't have 9 00:00:31,160 --> 00:00:32,000 Speaker 3: to do my own intro. 10 00:00:32,280 --> 00:00:35,840 Speaker 2: Sorry to interrupt, that's no problems. Today is a money 11 00:00:35,840 --> 00:00:38,919 Speaker 2: Diary episode, it is, and this money diary they emailed 12 00:00:38,960 --> 00:00:44,000 Speaker 2: through and this is a really impressive story, not because 13 00:00:44,040 --> 00:00:47,599 Speaker 2: of the mad riches they've got, but I guess of 14 00:00:47,720 --> 00:00:51,040 Speaker 2: where they started, and it's a really inspiring story. So 15 00:00:51,640 --> 00:00:53,640 Speaker 2: read this email v okay. 16 00:00:53,920 --> 00:00:57,120 Speaker 3: She says, a few episodes ago, Victoria said that you 17 00:00:57,120 --> 00:00:59,760 Speaker 3: guys wanted money stories that aren't about people who have 18 00:00:59,840 --> 00:01:03,200 Speaker 3: done something incredible. I haven't saved a lot of money. 19 00:01:03,360 --> 00:01:05,800 Speaker 3: I haven't got a million dollar share portfolio, and I 20 00:01:05,880 --> 00:01:09,680 Speaker 3: have a salary of sixty thousand dollars. My story isn't impressive, 21 00:01:09,760 --> 00:01:12,880 Speaker 3: and I'm sure it's not especially uncommon, but I'm really 22 00:01:12,880 --> 00:01:16,240 Speaker 3: proud of myself. I was born into a single mum household. 23 00:01:16,520 --> 00:01:19,199 Speaker 3: My dad was never in the picture. A few years later, 24 00:01:19,280 --> 00:01:22,240 Speaker 3: my sister came along again without a dad. My mum, 25 00:01:22,280 --> 00:01:25,720 Speaker 3: who wasn't able to work, lived entirely off centling. Our 26 00:01:25,760 --> 00:01:28,679 Speaker 3: electricity was often cut off, and from the age of four, 27 00:01:28,720 --> 00:01:31,160 Speaker 3: I would worry about where my next meal would come from. 28 00:01:31,640 --> 00:01:34,840 Speaker 3: My whole family was poor, but my grandmother had better 29 00:01:34,880 --> 00:01:37,880 Speaker 3: money habits. She put an incredible amount of time and 30 00:01:37,920 --> 00:01:40,399 Speaker 3: effort into trying to teach me how and why I 31 00:01:40,440 --> 00:01:42,960 Speaker 3: should save my money. She told me that if I 32 00:01:43,000 --> 00:01:45,440 Speaker 3: studied and worked hard, I might even be able to 33 00:01:45,480 --> 00:01:48,320 Speaker 3: travel one day. I got my first job at fourteen, 34 00:01:48,400 --> 00:01:50,360 Speaker 3: and I committed myself to being able to go on 35 00:01:50,400 --> 00:01:53,480 Speaker 3: holidays with my grandmother. I'm now twenty seven and to 36 00:01:53,560 --> 00:01:58,240 Speaker 3: date we've visited Singapore, Bali, England, Spain, Ireland, Portugal and 37 00:01:58,280 --> 00:02:01,440 Speaker 3: France together. I worked my butt off in UNI for 38 00:02:01,560 --> 00:02:04,920 Speaker 3: much of it, supporting myself, often working thirty hours a 39 00:02:04,920 --> 00:02:08,160 Speaker 3: week while studying full time. I graduated top of my 40 00:02:08,240 --> 00:02:11,080 Speaker 3: year and was the first person in my family cry 41 00:02:11,400 --> 00:02:12,640 Speaker 3: I know that's why I. 42 00:02:12,639 --> 00:02:13,280 Speaker 2: Got you to read it. 43 00:02:13,560 --> 00:02:14,359 Speaker 4: You're so mean. 44 00:02:16,720 --> 00:02:18,440 Speaker 2: Oh my god, you are coming. I'm sorry, this is 45 00:02:18,440 --> 00:02:20,440 Speaker 2: not what I intended our money. Dirist is actually on 46 00:02:20,440 --> 00:02:23,880 Speaker 2: the line already. Sorry that V's just having a moment 47 00:02:23,919 --> 00:02:25,760 Speaker 2: with his story. This is special. 48 00:02:27,320 --> 00:02:30,480 Speaker 3: Despite learning to save, until recently, I was still under 49 00:02:30,480 --> 00:02:33,240 Speaker 3: the impression that home ownership and shares were for people 50 00:02:33,280 --> 00:02:35,960 Speaker 3: with much, for people who are much more rich than me. 51 00:02:36,440 --> 00:02:39,120 Speaker 3: Through years of persuasion, my partner finally convinced me that 52 00:02:39,160 --> 00:02:41,880 Speaker 3: owning a property was achievable, and two years ago we 53 00:02:41,960 --> 00:02:44,320 Speaker 3: bought a house here in Perth and she's on the money. 54 00:02:44,360 --> 00:02:46,480 Speaker 3: Has shown me that I can invest in shares, so 55 00:02:46,520 --> 00:02:49,400 Speaker 3: I've started dipping my toes into spaceship. Please don't get 56 00:02:49,440 --> 00:02:51,720 Speaker 3: me wrong. I do have a lot of privilege. I'm white, 57 00:02:51,880 --> 00:02:54,680 Speaker 3: I'm smart, and I've had my grandmother, without whom I 58 00:02:54,680 --> 00:02:56,560 Speaker 3: believe my life would look very differently. 59 00:02:56,960 --> 00:02:57,800 Speaker 4: I'm not set up. 60 00:02:57,680 --> 00:02:59,800 Speaker 3: To retire with millions to my name, but my money 61 00:03:00,320 --> 00:03:02,840 Speaker 3: is that I don't think I'll ever have the electricity 62 00:03:02,880 --> 00:03:05,200 Speaker 3: cut off or have to sell my possessions to afford 63 00:03:05,280 --> 00:03:06,399 Speaker 3: food like my mum did. 64 00:03:07,480 --> 00:03:09,280 Speaker 2: Money Diarist, welcome to the show. 65 00:03:09,680 --> 00:03:12,400 Speaker 4: Sorry, I couldn't real Is it weird? 66 00:03:12,520 --> 00:03:14,960 Speaker 2: Okay? Is it we're hearing the read your story out? 67 00:03:15,880 --> 00:03:21,840 Speaker 1: Yes, very very strange, even though I some of it, 68 00:03:21,840 --> 00:03:24,160 Speaker 1: it doesn't it sounds strange. 69 00:03:25,280 --> 00:03:27,960 Speaker 2: I've seen you crinchy times, but I've never seen this 70 00:03:28,080 --> 00:03:29,600 Speaker 2: much liquid come out of your face. 71 00:03:30,560 --> 00:03:33,880 Speaker 1: That's what I mean. Oh my god. 72 00:03:34,360 --> 00:03:38,000 Speaker 2: First of all, can I just start by saying, what 73 00:03:38,040 --> 00:03:39,760 Speaker 2: a legend your grandmother is? 74 00:03:40,400 --> 00:03:44,640 Speaker 1: Totally so I'll tell her that all the time. Yeah. 75 00:03:44,680 --> 00:03:48,040 Speaker 2: Great, Where did she get this knowledge from? Like? Where 76 00:03:48,040 --> 00:03:51,240 Speaker 2: did Like she's obviously taught herself or someone's taught her 77 00:03:51,240 --> 00:03:51,880 Speaker 2: along the way. 78 00:03:52,560 --> 00:03:56,760 Speaker 1: Yeah, she taught herself. So when she got married very 79 00:03:56,840 --> 00:03:59,320 Speaker 1: very young, when she was only eighteen years old. And 80 00:04:00,600 --> 00:04:04,400 Speaker 1: she comes from a family as well who won't very 81 00:04:04,440 --> 00:04:07,560 Speaker 1: well off, so she's just very switched on. She started 82 00:04:07,560 --> 00:04:10,720 Speaker 1: off with bad money habits, but she made mistakes and 83 00:04:10,840 --> 00:04:15,320 Speaker 1: learned from them, and she's grown into someone who has 84 00:04:15,440 --> 00:04:17,640 Speaker 1: very good money habits, and I was able to share 85 00:04:17,640 --> 00:04:18,039 Speaker 1: them with me. 86 00:04:18,680 --> 00:04:22,839 Speaker 2: Tell me about the pride when you said, Grammar, we're 87 00:04:22,880 --> 00:04:25,600 Speaker 2: going traveling, just like you said all those years ago, 88 00:04:26,000 --> 00:04:29,160 Speaker 2: we're doing it like. I got chills when I saw that. 89 00:04:29,520 --> 00:04:30,520 Speaker 2: What was it like for you? 90 00:04:31,400 --> 00:04:35,920 Speaker 1: Incredible? When I was quite young, I got my first 91 00:04:35,960 --> 00:04:38,600 Speaker 1: job because she told me that if I did, we 92 00:04:38,640 --> 00:04:44,000 Speaker 1: could work together and go to Singapore. So I worked really, really, 93 00:04:44,040 --> 00:04:46,200 Speaker 1: really hard, and I paid for what I could, and 94 00:04:47,120 --> 00:04:50,760 Speaker 1: knowing for her, the fact that I was able to 95 00:04:50,839 --> 00:04:53,960 Speaker 1: cover as much as I could was really exciting. She 96 00:04:54,040 --> 00:04:57,680 Speaker 1: was able to gain a travel buddy and we've managed 97 00:04:57,720 --> 00:05:01,560 Speaker 1: to make so many memories together. I wouldn't trade for 98 00:05:01,600 --> 00:05:04,280 Speaker 1: the world. And I think when I told her that 99 00:05:04,720 --> 00:05:06,279 Speaker 1: I had the money that I needed to be able 100 00:05:06,279 --> 00:05:10,479 Speaker 1: to go with her, she definitely peered up. She's so 101 00:05:10,600 --> 00:05:11,080 Speaker 1: proud of me. 102 00:05:11,440 --> 00:05:13,159 Speaker 2: Oh so she should be. That's incredible. 103 00:05:14,640 --> 00:05:16,039 Speaker 4: That is such a cool story. 104 00:05:16,080 --> 00:05:18,760 Speaker 3: And I think it really got to me because at 105 00:05:18,800 --> 00:05:21,719 Speaker 3: the end of the day, so many times you read 106 00:05:21,760 --> 00:05:25,359 Speaker 3: these stories or hear these stories of people who you 107 00:05:25,400 --> 00:05:28,640 Speaker 3: know have been through such adversity and maybe been put 108 00:05:28,680 --> 00:05:31,719 Speaker 3: in similar situations, and they kind of just fall into 109 00:05:31,760 --> 00:05:34,080 Speaker 3: the same habits. And from the sound of it, you've 110 00:05:34,160 --> 00:05:37,280 Speaker 3: really worked your butt off and you know you're supporting yourself, 111 00:05:37,320 --> 00:05:39,760 Speaker 3: and you know you've recently purchased a property, and you're 112 00:05:39,800 --> 00:05:43,120 Speaker 3: the first person in your family to complete tertiary like study, 113 00:05:43,160 --> 00:05:46,960 Speaker 3: like you're changing the future and the generation that you've 114 00:05:46,960 --> 00:05:49,600 Speaker 3: come from. And I think that that's just so special, 115 00:05:49,839 --> 00:05:52,320 Speaker 3: and I think when I started reading your email because 116 00:05:52,320 --> 00:05:55,960 Speaker 3: it was the first time I saw it. You started 117 00:05:56,000 --> 00:05:58,240 Speaker 3: with saying you guys wanted money stories that aren't about 118 00:05:58,240 --> 00:06:01,080 Speaker 3: people have done something incredible, and I was like, oh, okay, 119 00:06:01,080 --> 00:06:03,160 Speaker 3: Like I don't really know where this is going, but 120 00:06:03,240 --> 00:06:05,159 Speaker 3: like I would argue that you absolutely have. 121 00:06:05,240 --> 00:06:08,159 Speaker 4: So you lied to me, like you tricked me. 122 00:06:09,800 --> 00:06:12,760 Speaker 1: Sorry, I'm going to cry as well. 123 00:06:12,880 --> 00:06:13,080 Speaker 2: Yeah. 124 00:06:13,120 --> 00:06:15,680 Speaker 3: No, honestly, it's such a special story. And I think 125 00:06:15,760 --> 00:06:18,720 Speaker 3: that these are the stories that you know, people often like, oh, 126 00:06:18,720 --> 00:06:21,520 Speaker 3: we hear from more real people. We want, you know, 127 00:06:21,680 --> 00:06:25,360 Speaker 3: more money diaries that are more relatable, And while this 128 00:06:25,520 --> 00:06:28,919 Speaker 3: might not be super relatable, it's so inspiring and it 129 00:06:29,000 --> 00:06:32,440 Speaker 3: is so impressive to hear your story. And I think 130 00:06:32,880 --> 00:06:36,080 Speaker 3: people need to remember when you're asking for stories that 131 00:06:36,120 --> 00:06:40,120 Speaker 3: we get, we're not here scouting them out, like we don't. 132 00:06:40,520 --> 00:06:42,840 Speaker 3: We absolutely don't put our noses to the ground and 133 00:06:42,880 --> 00:06:45,680 Speaker 3: beg people for their stories because I don't want those 134 00:06:45,720 --> 00:06:47,440 Speaker 3: stories to come from there. I want them to come 135 00:06:47,440 --> 00:06:50,080 Speaker 3: from a community that wants to share, and we only 136 00:06:50,120 --> 00:06:52,680 Speaker 3: get to share the stories that people are willing to share. Like, 137 00:06:52,680 --> 00:06:54,960 Speaker 3: if you don't email us and say hey, I'd be 138 00:06:55,080 --> 00:06:57,279 Speaker 3: really happy to come on, and we are so grateful 139 00:06:57,320 --> 00:06:59,080 Speaker 3: to have you. But if you don't say you're willing 140 00:06:59,120 --> 00:07:01,360 Speaker 3: to share that story, like, we can't get it out there, 141 00:07:01,400 --> 00:07:04,480 Speaker 3: We can't share it with the world, and it deserves 142 00:07:04,480 --> 00:07:07,440 Speaker 3: to be shared, like that's such an epic story. 143 00:07:08,320 --> 00:07:08,719 Speaker 4: Thank you. 144 00:07:10,240 --> 00:07:12,800 Speaker 3: So to get back to the way that the She's 145 00:07:12,800 --> 00:07:16,280 Speaker 3: on the money money diaries are meant to work, my friend, 146 00:07:16,920 --> 00:07:19,040 Speaker 3: can we go through the questions that we usually go 147 00:07:19,120 --> 00:07:21,400 Speaker 3: through and then maybe stor right after we can have 148 00:07:21,440 --> 00:07:23,760 Speaker 3: another chat to get a little bit more clarity. 149 00:07:24,440 --> 00:07:24,920 Speaker 1: Amazing? 150 00:07:25,040 --> 00:07:28,080 Speaker 3: Yeah, all right, let's start with what do you actually 151 00:07:28,080 --> 00:07:29,240 Speaker 3: do for work, my friend? 152 00:07:30,040 --> 00:07:33,520 Speaker 1: I work in marketing and public relations in the not 153 00:07:33,560 --> 00:07:35,040 Speaker 1: for profit sector. 154 00:07:35,320 --> 00:07:35,800 Speaker 4: Awesome. 155 00:07:36,120 --> 00:07:38,480 Speaker 3: And how much money do you earn? And how much 156 00:07:38,600 --> 00:07:39,800 Speaker 3: is sitting in your bank account? 157 00:07:39,880 --> 00:07:40,320 Speaker 4: Right now? 158 00:07:41,000 --> 00:07:45,240 Speaker 1: I earn sixty thousand dollars a year plus super and 159 00:07:45,800 --> 00:07:48,800 Speaker 1: currently I have about five grand sitting in my bank account. 160 00:07:48,880 --> 00:07:52,320 Speaker 1: So I've just finished furnishing my house. 161 00:07:53,080 --> 00:07:58,040 Speaker 3: So that's so very exciting though, Yeah, what happens to 162 00:07:58,080 --> 00:07:59,960 Speaker 3: money once it hits your bank account? 163 00:08:00,240 --> 00:08:02,920 Speaker 1: So I have a few accounts. I have four accounts 164 00:08:02,920 --> 00:08:08,720 Speaker 1: because I read a certain very famous book, there's. 165 00:08:08,560 --> 00:08:10,360 Speaker 4: A competitor coming out sooner. 166 00:08:11,080 --> 00:08:11,720 Speaker 2: You can mention that. 167 00:08:11,920 --> 00:08:14,320 Speaker 3: You can mention the you can absolutely mention the book. 168 00:08:14,360 --> 00:08:14,880 Speaker 2: I like it. 169 00:08:15,400 --> 00:08:19,080 Speaker 1: Okay, So I read The Barefoot Investa. So I have 170 00:08:19,320 --> 00:08:25,840 Speaker 1: four different bank accounts. I've also pre ordered, ah, your book. 171 00:08:26,360 --> 00:08:28,120 Speaker 3: All right, Well here I am about to be like, 172 00:08:28,120 --> 00:08:29,360 Speaker 3: oh my gosh, we'll send you the book. 173 00:08:29,400 --> 00:08:31,800 Speaker 4: Have you done the Budget and cash Flow Masterclass? 174 00:08:32,040 --> 00:08:32,600 Speaker 1: I haven't. 175 00:08:32,720 --> 00:08:35,080 Speaker 4: Okay, Well now you will. We'll send you that. 176 00:08:35,679 --> 00:08:36,080 Speaker 1: Thank you. 177 00:08:36,920 --> 00:08:37,480 Speaker 4: That's okay. 178 00:08:37,760 --> 00:08:39,839 Speaker 3: Like here, I am thinking I can send books and 179 00:08:39,880 --> 00:08:43,240 Speaker 3: people like no, we've already got the book, we want 180 00:08:43,280 --> 00:08:44,240 Speaker 3: the expensive. 181 00:08:43,800 --> 00:08:46,120 Speaker 1: Fr Well, it was the first time in a while 182 00:08:46,160 --> 00:08:48,560 Speaker 1: I haven't put twenty four hours between me and my spending. 183 00:08:48,840 --> 00:08:53,040 Speaker 4: My look, I'm not mad. 184 00:08:53,080 --> 00:08:54,800 Speaker 3: I'm not going to hold you accountable to that one. 185 00:08:54,840 --> 00:08:56,839 Speaker 3: In fact, because the book hasn't come out yet, I'm 186 00:08:56,840 --> 00:08:59,959 Speaker 3: not holding anybody responsible for their financial decisions into the 187 00:09:00,120 --> 00:09:00,880 Speaker 3: system too. 188 00:09:01,240 --> 00:09:03,560 Speaker 2: Yeah. 189 00:09:03,679 --> 00:09:07,079 Speaker 1: So I've got my four accounts that I transfer into 190 00:09:07,240 --> 00:09:11,080 Speaker 1: as soon as I get paid. One of them is 191 00:09:12,080 --> 00:09:16,160 Speaker 1: like emergency savings, which I obviously keep and try not 192 00:09:16,200 --> 00:09:18,439 Speaker 1: to touch unless I really have to. That's always been 193 00:09:18,440 --> 00:09:22,160 Speaker 1: a non negotiable for me as emergency savings. 194 00:09:22,240 --> 00:09:25,280 Speaker 3: Yeah, so my next question is how do you currently 195 00:09:25,320 --> 00:09:26,479 Speaker 3: feel about investing. 196 00:09:26,520 --> 00:09:28,480 Speaker 4: Do you invest? If so? How so? 197 00:09:28,679 --> 00:09:32,400 Speaker 1: I didn't invest until very very recently, until you did 198 00:09:32,440 --> 00:09:35,760 Speaker 1: your investment mini series, which are finally pushed me over 199 00:09:35,800 --> 00:09:42,520 Speaker 1: the edge to download Spaceship. So I'm currently three hundred 200 00:09:42,600 --> 00:09:43,720 Speaker 1: dollars in Oh. 201 00:09:43,520 --> 00:09:45,199 Speaker 4: My gosh, that was so recent. 202 00:09:46,240 --> 00:09:48,200 Speaker 1: Yeah, I got excited. 203 00:09:48,720 --> 00:09:49,520 Speaker 4: I love that. 204 00:09:49,960 --> 00:09:52,280 Speaker 2: I think that the best thing about Spaceship and Raisin 205 00:09:52,360 --> 00:09:54,600 Speaker 2: those sort of things is you don't need a big 206 00:09:54,640 --> 00:09:56,880 Speaker 2: amount to start with. So did you feel a bit 207 00:09:56,920 --> 00:09:58,880 Speaker 2: more comfortable knowing that I can I can just start 208 00:09:58,880 --> 00:10:01,680 Speaker 2: small and it's fine, and there's no fees and low risk. 209 00:10:01,720 --> 00:10:03,560 Speaker 2: Did that make it feel a bit easier for you? 210 00:10:03,720 --> 00:10:07,400 Speaker 1: Definitely. For a really long time, I wanted to invest 211 00:10:07,679 --> 00:10:10,840 Speaker 1: in Contact or something like that, but the amount that 212 00:10:10,880 --> 00:10:14,320 Speaker 1: you have to save to get started and to feel 213 00:10:14,320 --> 00:10:18,120 Speaker 1: like you're getting anywhere is just really intimidating. So I 214 00:10:18,200 --> 00:10:22,640 Speaker 1: felt like starting with Spaceship is more achievable, and so 215 00:10:22,679 --> 00:10:24,240 Speaker 1: it might be a better goal for me to meet 216 00:10:24,360 --> 00:10:25,440 Speaker 1: at the stage of my life. 217 00:10:26,240 --> 00:10:29,080 Speaker 3: I think what people don't realize is that Spaceship's legit 218 00:10:29,120 --> 00:10:33,520 Speaker 3: to like, it's fully invested proper portfolios like we're not talking. 219 00:10:33,760 --> 00:10:35,520 Speaker 3: We're not sponsored by this. By the way, I always 220 00:10:35,520 --> 00:10:37,439 Speaker 3: feel like I need to preface this because so many 221 00:10:37,480 --> 00:10:39,640 Speaker 3: people are like, oh, yeah, your sponsorship with Spaceship is 222 00:10:39,679 --> 00:10:41,920 Speaker 3: what got me on board, and I've literally never been 223 00:10:42,000 --> 00:10:47,120 Speaker 3: sponsored by them. Yeah, I give them money, but hypothetically. 224 00:10:46,480 --> 00:10:48,680 Speaker 4: If they wanted to sponsor me, I wouldn't say no. 225 00:10:49,280 --> 00:10:51,800 Speaker 3: But I think it's really important to understand, like that's 226 00:10:51,840 --> 00:10:55,040 Speaker 3: a legitimate form of investment, and I like their portfolios, 227 00:10:55,080 --> 00:10:57,480 Speaker 3: and obviously, you know, as an adviser, not able to 228 00:10:57,520 --> 00:11:00,440 Speaker 3: recommend them, but you know, if you've looked, didn't you 229 00:11:00,440 --> 00:11:02,320 Speaker 3: think it's the right fit for you. Like, I'm so 230 00:11:02,400 --> 00:11:04,680 Speaker 3: excited that you found a product that works for you 231 00:11:04,760 --> 00:11:05,560 Speaker 3: in your situation. 232 00:11:05,760 --> 00:11:07,240 Speaker 4: It is actually so great. 233 00:11:07,559 --> 00:11:10,440 Speaker 1: Yeah, definitely, it's been really working very very well. I 234 00:11:10,480 --> 00:11:13,520 Speaker 1: really like it, so thank you for making me aware 235 00:11:13,559 --> 00:11:13,760 Speaker 1: of it. 236 00:11:14,120 --> 00:11:18,080 Speaker 3: She's an investor, Ryan. So the next question is do 237 00:11:18,160 --> 00:11:19,960 Speaker 3: you currently have any debts. 238 00:11:20,200 --> 00:11:23,240 Speaker 1: I have my hex set and my mortgage and that's it. 239 00:11:23,559 --> 00:11:25,559 Speaker 4: They're good debts though they're debts. 240 00:11:26,320 --> 00:11:28,000 Speaker 2: Do you consider them good debts? 241 00:11:28,559 --> 00:11:33,400 Speaker 1: Those debts, Yeah, I'm completely fine with them. I was 242 00:11:33,480 --> 00:11:36,840 Speaker 1: renting for a really, really long time, so it feels 243 00:11:37,040 --> 00:11:39,680 Speaker 1: not that renting is dead money, but it feels nice 244 00:11:39,720 --> 00:11:42,760 Speaker 1: that it's going towards something for myself. Absolutely, and it's 245 00:11:42,800 --> 00:11:45,199 Speaker 1: money that i'd be spending any way if I were renting. 246 00:11:45,880 --> 00:11:48,720 Speaker 1: And as for my hex set, that's a huge part 247 00:11:48,800 --> 00:11:51,120 Speaker 1: of my story and it's a huge cut of who 248 00:11:51,160 --> 00:11:54,640 Speaker 1: I am. So I'm very proud to have the university degree. 249 00:11:55,120 --> 00:11:57,440 Speaker 1: So I mean the hextet is a byproduct of that. 250 00:11:57,600 --> 00:12:00,199 Speaker 3: Yeah, absolutely, And arguably it's going to be the thing 251 00:12:00,200 --> 00:12:02,200 Speaker 3: that helps you create wealth in the long term with 252 00:12:02,280 --> 00:12:05,320 Speaker 3: a career that hopefully you love, but also can you know, 253 00:12:05,520 --> 00:12:08,120 Speaker 3: earn a better career for the longer term. 254 00:12:08,160 --> 00:12:09,400 Speaker 4: And I really like that. 255 00:12:09,960 --> 00:12:11,599 Speaker 1: Yeah, it's an investment. 256 00:12:11,280 --> 00:12:12,320 Speaker 4: Absolutely, it is. 257 00:12:12,360 --> 00:12:16,679 Speaker 3: My friends, speaking of money habits and investments, what is 258 00:12:16,720 --> 00:12:17,839 Speaker 3: your best money habit? 259 00:12:19,080 --> 00:12:23,400 Speaker 1: My best money habit, I would say I tend to 260 00:12:23,440 --> 00:12:25,800 Speaker 1: be quite good at grocery shopping. 261 00:12:26,120 --> 00:12:27,600 Speaker 4: So I didn't see that one coming. 262 00:12:27,600 --> 00:12:29,199 Speaker 3: I thought you was gonna be like, yeah, saving, and 263 00:12:29,240 --> 00:12:30,680 Speaker 3: I'd be like, yeah, I can see you bought a 264 00:12:30,720 --> 00:12:32,160 Speaker 3: house and you've got some good money. 265 00:12:32,000 --> 00:12:35,480 Speaker 4: And you're investing. Tell me about you're grocery shopping. 266 00:12:36,360 --> 00:12:40,360 Speaker 1: Oh, I'm very stingy when it comes to grocery, tell 267 00:12:40,440 --> 00:12:43,880 Speaker 1: us your secrets. I love good food, but I also 268 00:12:44,200 --> 00:12:50,000 Speaker 1: love not spending money, so I'll be very careful. I'll 269 00:12:50,000 --> 00:12:54,080 Speaker 1: write shopping lists from like the for the recipes that 270 00:12:54,120 --> 00:12:55,960 Speaker 1: I want to make that week. Then I'll go down 271 00:12:56,000 --> 00:12:58,360 Speaker 1: to my local aldi and I'll buy everything I can, 272 00:12:58,400 --> 00:13:02,840 Speaker 1: and i'll supplement at colds or wio worse. And usually 273 00:13:03,040 --> 00:13:06,040 Speaker 1: for both my partner and our grocery bill comes out 274 00:13:06,320 --> 00:13:10,920 Speaker 1: about eighty ninety dollars. 275 00:13:09,360 --> 00:13:10,720 Speaker 4: For you and your partner. 276 00:13:10,840 --> 00:13:15,480 Speaker 3: And you're like cooking really beautiful meals. Yeah, is it 277 00:13:15,559 --> 00:13:18,439 Speaker 3: taking it too far to ask what you're eating? 278 00:13:18,520 --> 00:13:20,800 Speaker 4: And like, you know, what are you if you made 279 00:13:20,800 --> 00:13:21,640 Speaker 4: a meal planned? Share it? 280 00:13:21,679 --> 00:13:23,600 Speaker 2: Come on regular? 281 00:13:24,440 --> 00:13:29,440 Speaker 1: Well, tonight we're making fish tacos. Yeah, we don't buy 282 00:13:29,600 --> 00:13:33,079 Speaker 1: cheap ingredients, but what we do do is we will 283 00:13:33,080 --> 00:13:35,560 Speaker 1: make a couple of servings of the meal. 284 00:13:36,120 --> 00:13:39,880 Speaker 3: Yeah, nobody more fish targos. Is a bad data not 285 00:13:39,880 --> 00:13:40,560 Speaker 3: one person. 286 00:13:40,760 --> 00:13:48,040 Speaker 1: Things said, Yeah, no, I take my food very very seriously. 287 00:13:49,080 --> 00:13:52,719 Speaker 1: Like but but yeah, I have a large collection of cookbooks, 288 00:13:52,720 --> 00:13:55,920 Speaker 1: and I have all my favorite recipes that are budget 289 00:13:55,920 --> 00:13:59,360 Speaker 1: conscious marked so I can also rede back to them. 290 00:14:00,120 --> 00:14:03,160 Speaker 2: Is a week Victoria and I have been out for 291 00:14:03,240 --> 00:14:06,000 Speaker 2: fish tacos and spent ninety dollars at lunch. And she's 292 00:14:06,040 --> 00:14:08,439 Speaker 2: pointing to the studio now we were recording, that's full 293 00:14:08,440 --> 00:14:11,000 Speaker 2: of dumplings. Yeah, okay, I'll get it me. 294 00:14:11,320 --> 00:14:13,840 Speaker 3: Yeah, like we're not we're not good at food budgeting. Yeah, 295 00:14:13,920 --> 00:14:15,720 Speaker 3: what's your favorite budget conscious meal? 296 00:14:15,920 --> 00:14:19,760 Speaker 1: It's a meal called pumpkin Chili coonkhn. It's from a 297 00:14:19,800 --> 00:14:22,560 Speaker 1: cookbook written by our tailor at Sinners. 298 00:14:22,160 --> 00:14:24,160 Speaker 2: Sorry by who at Tendale said? Written by R Kelly 299 00:14:24,200 --> 00:14:25,040 Speaker 2: And no that's not. 300 00:14:25,880 --> 00:14:26,720 Speaker 1: Taylor at Sinners. 301 00:14:26,760 --> 00:14:29,440 Speaker 2: The Personal Australia from Adelaide. 302 00:14:30,040 --> 00:14:32,320 Speaker 4: Yeah, she is absolutely killing it. 303 00:14:32,440 --> 00:14:32,640 Speaker 1: Yeah. 304 00:14:33,000 --> 00:14:34,920 Speaker 4: Yeah, her money diary would be pervy. 305 00:14:35,560 --> 00:14:39,520 Speaker 2: I might want that one your firsts. 306 00:14:41,480 --> 00:14:43,360 Speaker 3: Is it too much to ask for that recipe so 307 00:14:43,400 --> 00:14:45,040 Speaker 3: that we can share it in this week's newsletter like 308 00:14:45,080 --> 00:14:48,239 Speaker 3: our money diarists. 309 00:14:47,760 --> 00:14:50,840 Speaker 2: True, Yeah, email it to me from you emailed me before. 310 00:14:50,960 --> 00:14:53,120 Speaker 3: But let's flip the narrative for a second. 311 00:14:53,200 --> 00:14:54,720 Speaker 4: What is your worst money habit? 312 00:14:55,120 --> 00:15:01,200 Speaker 1: Oh, my worst money habit in contrast to my grocery shopping, 313 00:15:01,960 --> 00:15:05,880 Speaker 1: I do like a good brunch, so I have been 314 00:15:05,920 --> 00:15:11,160 Speaker 1: known Yeah, I have been known to go to a 315 00:15:11,160 --> 00:15:14,040 Speaker 1: few too many brunches. And spend a little bit too 316 00:15:14,120 --> 00:15:18,440 Speaker 1: much money. It is a character flaw that I'm working on. 317 00:15:19,360 --> 00:15:21,360 Speaker 4: It's become a part of our personality. 318 00:15:22,840 --> 00:15:26,720 Speaker 2: You're in Perth money diarists. What area is your go 319 00:15:26,800 --> 00:15:27,480 Speaker 2: to for brunch? 320 00:15:27,760 --> 00:15:31,040 Speaker 1: I live in Rockingham and anyone who lives in this 321 00:15:31,120 --> 00:15:33,760 Speaker 1: area will probably not a cafe named Brother of mine. 322 00:15:34,560 --> 00:15:37,000 Speaker 1: It's in dal divers It's only like two years old, 323 00:15:37,040 --> 00:15:40,720 Speaker 1: but it's super trendy and really cool, and it's in 324 00:15:40,760 --> 00:15:44,120 Speaker 1: the middle of the suburbs. But it's really really cool. 325 00:15:45,280 --> 00:15:48,400 Speaker 3: Brother being used in cafe names because one of my 326 00:15:48,640 --> 00:15:52,440 Speaker 3: favorite cafes is my other Brother in Cambellou. 327 00:15:52,000 --> 00:15:53,880 Speaker 2: The cafe downstairs from the studio. He is called the 328 00:15:53,920 --> 00:15:54,720 Speaker 2: Stubborn Cousin. 329 00:15:55,120 --> 00:15:58,760 Speaker 1: Oh okay, it's the family members attack. 330 00:15:59,560 --> 00:16:01,440 Speaker 4: I like, let's move on. 331 00:16:01,760 --> 00:16:04,000 Speaker 3: I would love to note what is your big money 332 00:16:04,000 --> 00:16:06,520 Speaker 3: goal at the moment? What are you really working towards? 333 00:16:06,840 --> 00:16:11,640 Speaker 1: My big money goal is probably working on my share portfolio. 334 00:16:12,040 --> 00:16:17,480 Speaker 1: I want to expand that to I really love owning property, 335 00:16:17,560 --> 00:16:22,800 Speaker 1: but the property that we do own, it's a cheaper block, 336 00:16:23,000 --> 00:16:26,000 Speaker 1: which I wanted because it means that I can still 337 00:16:26,040 --> 00:16:30,200 Speaker 1: travel without having to stress about money. But to make 338 00:16:30,280 --> 00:16:32,440 Speaker 1: up for that, I would like a bigger share portfolio. 339 00:16:32,560 --> 00:16:35,840 Speaker 1: So my main goal right now is expanding my share 340 00:16:35,840 --> 00:16:38,880 Speaker 1: portfolio and paying down my mortgage as quickly as possible 341 00:16:38,920 --> 00:16:40,680 Speaker 1: so I can achieve financial freedom. 342 00:16:41,160 --> 00:16:43,200 Speaker 3: Ah, she's a woman after my own heart. 343 00:16:43,400 --> 00:16:46,000 Speaker 4: I wonder if I cried. I'm so embarrassed I cried. 344 00:16:46,400 --> 00:16:49,240 Speaker 3: It is so like usually that happens in my computer 345 00:16:49,280 --> 00:16:51,000 Speaker 3: because I read the email by myself, and then I 346 00:16:51,040 --> 00:16:52,360 Speaker 3: go and I'm like, yeah, I've read your email. 347 00:16:52,400 --> 00:16:55,480 Speaker 4: I'm all good. I definitely was an emotional about. 348 00:16:55,200 --> 00:16:56,800 Speaker 2: This, all right. 349 00:16:56,920 --> 00:16:59,760 Speaker 3: If I forced you to give yourself a grade, what 350 00:16:59,800 --> 00:17:02,720 Speaker 3: we did, you grade your money habits. 351 00:17:02,080 --> 00:17:06,000 Speaker 1: I would say that I have experienced a little bit 352 00:17:06,000 --> 00:17:09,040 Speaker 1: of lifestyle creep recently. So with that in mind, I'm 353 00:17:09,040 --> 00:17:11,359 Speaker 1: probably going to go with a B. 354 00:17:12,000 --> 00:17:15,320 Speaker 4: A B yeah, No, you have more than a B. 355 00:17:16,160 --> 00:17:19,199 Speaker 3: Really, yeah, from your story. And I'm not meant to 356 00:17:19,280 --> 00:17:21,560 Speaker 3: argue with money diarists. That's one thing that I always 357 00:17:21,560 --> 00:17:24,159 Speaker 3: say I won't do. But given your story and the 358 00:17:24,240 --> 00:17:26,800 Speaker 3: fact that not only are you twenty seven, you now 359 00:17:26,840 --> 00:17:29,040 Speaker 3: have a mortgage, you've bought a house, you've saved, you've 360 00:17:29,040 --> 00:17:31,679 Speaker 3: gone to UNI, you have a killer job, and you 361 00:17:31,720 --> 00:17:36,040 Speaker 3: have a share portfolio like, please please, you're at least 362 00:17:36,040 --> 00:17:41,320 Speaker 3: a B mineus No, but I genuinely would have assumed 363 00:17:41,359 --> 00:17:43,639 Speaker 3: that you would have thought a little bit more of it. 364 00:17:43,680 --> 00:17:45,480 Speaker 4: But why do you raided yourself a B? 365 00:17:46,359 --> 00:17:51,160 Speaker 1: I guess mostly because I graduated three years ago and 366 00:17:51,520 --> 00:17:54,400 Speaker 1: I've had to keep lifestyle creep front of mine ever since. 367 00:17:54,440 --> 00:17:56,600 Speaker 1: Because I do tend to get a little bit excited 368 00:17:56,640 --> 00:17:59,439 Speaker 1: from time to time, so I like having hobbies, and 369 00:17:59,480 --> 00:18:03,600 Speaker 1: hobbies can be expensive. I guess I have managed to 370 00:18:03,640 --> 00:18:07,200 Speaker 1: keep myself in check most of the time, so maybe 371 00:18:07,280 --> 00:18:09,040 Speaker 1: I am being a bit hard. Maybe I'll go with 372 00:18:09,080 --> 00:18:09,719 Speaker 1: an A minus. 373 00:18:10,280 --> 00:18:12,520 Speaker 3: I like that that absolutely feels like a glow up 374 00:18:12,560 --> 00:18:14,879 Speaker 3: to me and when I can definitely get behind, but 375 00:18:15,480 --> 00:18:17,639 Speaker 3: hang with us for a hot minute, because we'll be 376 00:18:17,760 --> 00:18:19,159 Speaker 3: back right after this break. 377 00:18:27,640 --> 00:18:31,119 Speaker 2: All right, So money dirests generational change doesn't roll off 378 00:18:31,119 --> 00:18:34,040 Speaker 2: the tongue, but it's very meaningful though. Thanks for answering 379 00:18:34,080 --> 00:18:38,280 Speaker 2: our questions and sharing your story, no problem. So my 380 00:18:38,400 --> 00:18:42,800 Speaker 2: first question is that you kind of mentioned that our 381 00:18:43,480 --> 00:18:48,280 Speaker 2: I thought property and shares was for inaverted commas rich people. 382 00:18:48,760 --> 00:18:51,320 Speaker 2: You know, people who aren't like me, aren't like us. 383 00:18:51,800 --> 00:18:53,639 Speaker 2: Now that you do have some shares in spaceship and 384 00:18:53,680 --> 00:18:56,160 Speaker 2: you own a property. What's your thoughts on that kind 385 00:18:56,200 --> 00:18:59,439 Speaker 2: of inverted commas rich people kind of vibe. Is that 386 00:18:59,600 --> 00:19:02,960 Speaker 2: like a self defeating thought that isn't real? Or what's 387 00:19:03,000 --> 00:19:04,719 Speaker 2: your thought looking back on that? 388 00:19:05,040 --> 00:19:10,080 Speaker 1: I have to I said, I do live Ausilia, so 389 00:19:10,520 --> 00:19:12,960 Speaker 1: I think property is a little bit more achievable here. 390 00:19:14,359 --> 00:19:18,040 Speaker 1: But I would say that it wasn't real. It was 391 00:19:18,359 --> 00:19:24,520 Speaker 1: never real. I think where that thought comes from it 392 00:19:24,560 --> 00:19:28,640 Speaker 1: is a lack of education in the area. I never 393 00:19:28,720 --> 00:19:32,000 Speaker 1: realized that you didn't have to have tens of thousands 394 00:19:32,000 --> 00:19:36,000 Speaker 1: of dollars to your name to create a share portfolio. 395 00:19:36,480 --> 00:19:40,920 Speaker 1: And in my head it was always a landlords versus 396 00:19:41,280 --> 00:19:46,840 Speaker 1: the renters. It never even occurred to me that you 397 00:19:46,960 --> 00:19:51,600 Speaker 1: can move up classes. I guess if you will and 398 00:19:51,960 --> 00:19:55,760 Speaker 1: achieve these things for yourself. So it was never real. Uh, 399 00:19:55,880 --> 00:19:58,040 Speaker 1: it was just an attitude. 400 00:19:58,200 --> 00:20:02,199 Speaker 2: I guess, yeah, absolutely, And then I guess sort of 401 00:20:02,400 --> 00:20:05,520 Speaker 2: a similar question on attitude. One of the first things 402 00:20:05,560 --> 00:20:08,000 Speaker 2: that v Ever said to me when I started working 403 00:20:08,000 --> 00:20:11,000 Speaker 2: here was and sorry if I've said this a million times, 404 00:20:11,400 --> 00:20:13,240 Speaker 2: V said, it's not that these people. 405 00:20:13,320 --> 00:20:15,760 Speaker 4: I'm just wondering what the hell I said to you. 406 00:20:16,080 --> 00:20:19,240 Speaker 2: We said, it's not that our community's not smart, it's 407 00:20:19,320 --> 00:20:21,960 Speaker 2: just that no one ever taught them. So V meets 408 00:20:22,119 --> 00:20:25,359 Speaker 2: so many smart people, doctors, lawyers, who come in and 409 00:20:25,400 --> 00:20:26,919 Speaker 2: they're like, I don't have no idea what to do 410 00:20:26,920 --> 00:20:28,520 Speaker 2: with my money because no one ever told me what 411 00:20:28,560 --> 00:20:31,840 Speaker 2: to do. So what's your thoughts on that? Because you know, 412 00:20:31,960 --> 00:20:35,880 Speaker 2: you could have grown up quite easily without this financial education. 413 00:20:36,320 --> 00:20:38,760 Speaker 2: Then your grandmother comes in and she teaches you all 414 00:20:38,800 --> 00:20:41,040 Speaker 2: this stuff, So what's your thoughts on the power of 415 00:20:41,320 --> 00:20:43,960 Speaker 2: you know, you're obviously quite smart, how different your life 416 00:20:43,960 --> 00:20:45,879 Speaker 2: could have been if no one just actually taught you 417 00:20:45,920 --> 00:20:46,840 Speaker 2: these simple things. 418 00:20:47,200 --> 00:20:50,840 Speaker 1: If I had never believed that I could change my life, 419 00:20:51,160 --> 00:20:54,000 Speaker 1: I would have stayed on the path that I was 420 00:20:54,040 --> 00:20:59,240 Speaker 1: born into. Unless because my grandmother told me that I 421 00:20:59,280 --> 00:21:01,159 Speaker 1: didn't have to live the rest of the way that 422 00:21:01,200 --> 00:21:05,080 Speaker 1: I was born. It meant that I knew that was possible, 423 00:21:05,119 --> 00:21:07,080 Speaker 1: and I was able to make it happen for myself. 424 00:21:07,800 --> 00:21:13,320 Speaker 1: I think what you guys do is essential and incredible 425 00:21:13,760 --> 00:21:17,840 Speaker 1: because not everyone has a grandmother like I have, and 426 00:21:18,040 --> 00:21:20,480 Speaker 1: the fact that you're able to educate people on the 427 00:21:20,560 --> 00:21:27,640 Speaker 1: fact that they can change their stars is it's priceless 428 00:21:27,800 --> 00:21:30,960 Speaker 1: because some people won't hear that from a family member, 429 00:21:31,000 --> 00:21:33,119 Speaker 1: and some people don't have family members who know that, 430 00:21:33,200 --> 00:21:36,160 Speaker 1: because some people have been stuck in this cycle their 431 00:21:36,240 --> 00:21:41,320 Speaker 1: generations and generations. So I think with education, and I 432 00:21:41,359 --> 00:21:45,400 Speaker 1: think by telling people that they can change things for themselves, 433 00:21:45,760 --> 00:21:49,840 Speaker 1: you'll see more of people changing their lives to the better. 434 00:21:50,040 --> 00:21:50,720 Speaker 4: I really love that. 435 00:21:50,800 --> 00:21:52,919 Speaker 3: And one of my favorite quotes is I don't know 436 00:21:52,920 --> 00:21:55,600 Speaker 3: where it comes from, but it is she believed she could, 437 00:21:55,720 --> 00:21:58,199 Speaker 3: so she did. And I think that that is so 438 00:21:58,400 --> 00:22:01,040 Speaker 3: powerful because before you say, it's like, if I hadn't 439 00:22:01,040 --> 00:22:03,760 Speaker 3: believed that I could, it never would have happened. And 440 00:22:03,800 --> 00:22:06,680 Speaker 3: then you said, you know, obviously your grandmother was foundational 441 00:22:06,720 --> 00:22:09,240 Speaker 3: in that. And I love that. I really really love that. 442 00:22:09,640 --> 00:22:12,600 Speaker 3: But what about those people listening to this money diary 443 00:22:12,640 --> 00:22:15,479 Speaker 3: who don't have that hype woman? What about people who 444 00:22:15,560 --> 00:22:19,000 Speaker 3: don't have that person in their lives who believes in them? 445 00:22:19,040 --> 00:22:20,119 Speaker 3: Where can they find that? 446 00:22:20,800 --> 00:22:23,679 Speaker 1: I think for the people who don't have that person 447 00:22:23,720 --> 00:22:25,960 Speaker 1: in their lives, the main thing my grandmother taught me 448 00:22:26,560 --> 00:22:29,480 Speaker 1: is that I can if I want to. So the 449 00:22:29,480 --> 00:22:32,040 Speaker 1: main thing that people who don't have that sort of 450 00:22:32,040 --> 00:22:34,160 Speaker 1: person in their lives need to know is that they 451 00:22:34,240 --> 00:22:38,800 Speaker 1: have that power. And it might be really hard at times, 452 00:22:38,920 --> 00:22:43,399 Speaker 1: and your family members might not always understand or agree. 453 00:22:43,440 --> 00:22:47,360 Speaker 1: They might question you, they might think that your values 454 00:22:47,440 --> 00:22:50,280 Speaker 1: lie in the wrong places. But you can make that 455 00:22:50,440 --> 00:22:53,400 Speaker 1: change to yourself. You just really need to work at it, 456 00:22:53,760 --> 00:22:56,640 Speaker 1: and you really need to surround yourself with the right 457 00:22:56,680 --> 00:22:58,199 Speaker 1: people who support you in that. 458 00:22:58,680 --> 00:23:02,000 Speaker 2: And just to add to the answer there v you 459 00:23:02,040 --> 00:23:04,640 Speaker 2: said where it can people get that? If you're looking 460 00:23:04,640 --> 00:23:06,800 Speaker 2: for someone like that in your life, let Today's money 461 00:23:06,800 --> 00:23:09,520 Speaker 2: dire be that person. Yeah. I love that you've seen 462 00:23:09,560 --> 00:23:12,560 Speaker 2: how it's done. You've seen where this person started, and 463 00:23:12,600 --> 00:23:15,280 Speaker 2: you see where they are now. So even if they're 464 00:23:15,280 --> 00:23:18,680 Speaker 2: not necessarily really close to you, you know geographically, you've 465 00:23:18,720 --> 00:23:21,080 Speaker 2: just heard it's possible. There, you just heard it. 466 00:23:21,200 --> 00:23:22,720 Speaker 4: I love that. I love that. 467 00:23:22,720 --> 00:23:25,359 Speaker 3: That's absolutely so true. And I think it's kind of 468 00:23:25,400 --> 00:23:28,520 Speaker 3: like our community is your inspiration. You don't need one 469 00:23:28,560 --> 00:23:31,479 Speaker 3: person to step up and directly say it, like you 470 00:23:31,520 --> 00:23:33,480 Speaker 3: can say it to yourself and that should be more 471 00:23:33,520 --> 00:23:35,960 Speaker 3: than enough. But what would you say to people who 472 00:23:36,000 --> 00:23:40,080 Speaker 3: were in your situation? So obviously you've you've changed before 473 00:23:40,119 --> 00:23:43,000 Speaker 3: you said you've changed your stars and I really liked that. 474 00:23:43,359 --> 00:23:45,840 Speaker 3: But what would you say to those you know, to 475 00:23:45,920 --> 00:23:48,480 Speaker 3: the single moms that have the daughter that they're really 476 00:23:48,520 --> 00:23:51,480 Speaker 3: stressed about bringing up and you know they're struggling week 477 00:23:51,520 --> 00:23:54,320 Speaker 3: to week like you've turned out incredibly like, what would 478 00:23:54,359 --> 00:23:55,639 Speaker 3: you say to those mums? 479 00:23:55,840 --> 00:23:58,159 Speaker 1: I want to start off by saying to those moms 480 00:23:58,200 --> 00:24:02,640 Speaker 1: that your children won't blame you. I think my mom 481 00:24:02,680 --> 00:24:04,960 Speaker 1: was always very afraid that I would blame her for 482 00:24:05,040 --> 00:24:07,679 Speaker 1: being born into that situation. But I have nothing but 483 00:24:07,800 --> 00:24:10,359 Speaker 1: respect for my mom. She may not have taught me 484 00:24:10,400 --> 00:24:12,880 Speaker 1: good money habits necessarily, but she made me who I am, 485 00:24:12,920 --> 00:24:16,000 Speaker 1: and that's really really special. So please never think that 486 00:24:16,080 --> 00:24:19,920 Speaker 1: your child will will resent you for what they're born into. 487 00:24:20,080 --> 00:24:22,920 Speaker 1: It'll be hard at times. Sometimes they might wish that 488 00:24:22,960 --> 00:24:26,120 Speaker 1: they can go on the school excursion or something like that, 489 00:24:26,240 --> 00:24:28,679 Speaker 1: but they'll they'll grow up and they won't blame you. 490 00:24:29,280 --> 00:24:32,400 Speaker 1: I think an important thing for single parents and parents 491 00:24:32,440 --> 00:24:35,479 Speaker 1: who are stuck in really tricky situations to do is 492 00:24:36,240 --> 00:24:38,119 Speaker 1: understand that you don't need to have a lot of 493 00:24:38,160 --> 00:24:41,080 Speaker 1: money to teach good money habits. My grandmother didn't have 494 00:24:41,160 --> 00:24:43,679 Speaker 1: a lot of money. She saved for six months to 495 00:24:43,720 --> 00:24:47,280 Speaker 1: sly me over from Queensland to Western Australia when I 496 00:24:47,359 --> 00:24:50,399 Speaker 1: was very very young. Six months she saved. You really 497 00:24:50,400 --> 00:24:51,960 Speaker 1: don't have it art me to have a lot of money. 498 00:24:52,000 --> 00:24:58,000 Speaker 1: You just need to have the education and the belief 499 00:24:58,560 --> 00:25:02,200 Speaker 1: that things can change and you can learn together with 500 00:25:02,240 --> 00:25:05,560 Speaker 1: your child, make them a part of that story. 501 00:25:06,200 --> 00:25:08,720 Speaker 4: I could not love that anymore. 502 00:25:08,800 --> 00:25:10,480 Speaker 3: And I think that that's a really special place to 503 00:25:10,480 --> 00:25:14,399 Speaker 3: actually leave this money Diary because I think that that's that's. 504 00:25:14,040 --> 00:25:15,480 Speaker 2: More than enough, more worked out. 505 00:25:15,800 --> 00:25:20,320 Speaker 3: Yeah, I love this stuff, Like obviously that's why she's 506 00:25:20,320 --> 00:25:23,200 Speaker 3: on the money exists, but I genuinely love this stuff. 507 00:25:23,240 --> 00:25:25,600 Speaker 3: So thank you so much for sharing your money diary 508 00:25:25,680 --> 00:25:28,640 Speaker 3: with us today. So many people are going to listen 509 00:25:28,720 --> 00:25:31,600 Speaker 3: to that, and it is so much more than something 510 00:25:31,680 --> 00:25:32,480 Speaker 3: not incredible. 511 00:25:32,600 --> 00:25:35,040 Speaker 4: Like you said at the start, you tricked us all. 512 00:25:36,640 --> 00:25:39,480 Speaker 1: Thank you so much. It's been an absolute pleasure, what. 513 00:25:39,640 --> 00:25:41,680 Speaker 2: An absolute legend. 514 00:25:41,880 --> 00:25:43,680 Speaker 3: I adored that money Diary. 515 00:25:43,800 --> 00:25:45,280 Speaker 4: I want to hear more stories like that. 516 00:25:45,359 --> 00:25:45,840 Speaker 2: I want to. 517 00:25:45,960 --> 00:25:50,640 Speaker 3: Share stories where they're super inspiring but also really realistic. 518 00:25:51,000 --> 00:25:51,360 Speaker 1: All right. 519 00:25:51,480 --> 00:25:56,160 Speaker 2: On Wednesday, Victoria Devine and Georgia King are fired up 520 00:25:56,520 --> 00:25:58,680 Speaker 2: for our Wednesday Deep Dive episode. 521 00:25:58,359 --> 00:26:01,159 Speaker 3: We Are We Are actually all fired up for it, 522 00:26:01,280 --> 00:26:04,520 Speaker 3: Like we pretty much yelled and rioted in the studio 523 00:26:04,720 --> 00:26:05,560 Speaker 3: over that episode. 524 00:26:05,720 --> 00:26:08,640 Speaker 2: Yep, it's a bit of a bit of trauma, bit 525 00:26:08,680 --> 00:26:11,320 Speaker 2: of energy in the office as well. There was all right, 526 00:26:11,320 --> 00:26:13,080 Speaker 2: that's on Wednesday. But to finish up today V. 527 00:26:13,280 --> 00:26:15,080 Speaker 3: But before we head off, we'd like to acknowledge and 528 00:26:15,119 --> 00:26:18,600 Speaker 3: pay respect to Australia's Aboriginal and Torres Strait islander peoples, 529 00:26:18,640 --> 00:26:22,360 Speaker 3: the traditional custodians of the lands, waterways and the skies 530 00:26:22,440 --> 00:26:25,480 Speaker 3: all across Australia. We thank you for sharing and for 531 00:26:25,560 --> 00:26:28,280 Speaker 3: caring on the land which we are able to learn. 532 00:26:28,840 --> 00:26:31,159 Speaker 3: We pay our respects to elders past and present, and 533 00:26:31,200 --> 00:26:34,720 Speaker 3: we share our friendship and our kindness. Now, the advice 534 00:26:34,760 --> 00:26:37,320 Speaker 3: shared on She's on the Money is general in nature 535 00:26:37,320 --> 00:26:40,399 Speaker 3: and it does not consider your individual circumstances. She's on 536 00:26:40,440 --> 00:26:43,199 Speaker 3: the Money exists purely for educational purposes and should not 537 00:26:43,280 --> 00:26:46,480 Speaker 3: be relied upon to make an investment or a financial decision. 538 00:26:46,840 --> 00:26:49,879 Speaker 3: And we do promise I am actually an authorized representative 539 00:26:50,080 --> 00:26:53,760 Speaker 3: of Australia Pacific Funds Management Proprietary Limited ABN three four 540 00:26:53,800 --> 00:26:57,200 Speaker 3: one three two four six three two five seven AFOSL 541 00:26:57,400 --> 00:27:01,400 Speaker 3: three three nine one five one, And as always, thank 542 00:27:01,440 --> 00:27:06,160 Speaker 3: you to our producer legend Ryan for pulling together today's episode. 543 00:27:06,280 --> 00:27:08,320 Speaker 3: And I heard that there is a sneaky shout out 544 00:27:08,400 --> 00:27:09,840 Speaker 3: for one of his friends called Sam. 545 00:27:10,119 --> 00:27:13,919 Speaker 2: Sam Blacker also helped on today's episode. And if you 546 00:27:14,640 --> 00:27:16,280 Speaker 2: want to be a part of money Dory and you've 547 00:27:16,320 --> 00:27:18,720 Speaker 2: got a story that you want to share v and 548 00:27:18,800 --> 00:27:20,760 Speaker 2: I can't stress enough a lot of people like, oh no, 549 00:27:21,040 --> 00:27:23,720 Speaker 2: mine's not a great story. We actually want a diverse 550 00:27:23,800 --> 00:27:26,800 Speaker 2: range of stories, so don't feel like your story doesn't fit. 551 00:27:26,880 --> 00:27:29,480 Speaker 2: That's actually what we want. We're trying hard to find 552 00:27:29,520 --> 00:27:32,280 Speaker 2: some different stories. So my email address is Ryan dot 553 00:27:32,400 --> 00:27:34,200 Speaker 2: John at She's on the Money dot com dot au, 554 00:27:34,720 --> 00:27:39,639 Speaker 2: blow up my inbox his DM share a story and 555 00:27:39,680 --> 00:27:41,359 Speaker 2: we'd love to get you on as well. Of course, 556 00:27:41,440 --> 00:27:43,520 Speaker 2: hit up She's on the Money on Instagram or become 557 00:27:43,560 --> 00:27:47,600 Speaker 2: one of the one hundred and fifty thousand people in 558 00:27:47,640 --> 00:27:50,160 Speaker 2: the Facebook group as well where people are sharing their stories. 559 00:27:50,280 --> 00:27:53,160 Speaker 2: Thanks for listening, Chat to you soon, See you next week, guys.