Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
Speaker 1: the Order, Kernie Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money.
Speaker 2: She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money, the podcast
Speaker 4: for millennials who want financial freedom. Welcome back to another
Speaker 4: one of our money diaries where we get to talk
Speaker 4: with one of our incredible She's on the Money community
Speaker 4: members all about their journey. Let's jump straight into it,
Speaker 4: because this week we got a message and it went
Speaker 4: just like this, Dear, She's on the Money. Travel was
Speaker 4: always a huge part of my life, but once I
Speaker 4: came home everything changed. Between twenty twenty and twenty twenty two,
Speaker 4: I was hit hard by burnout. I was weighed down
Speaker 4: by health expenses and mortgages, and I felt completely overwhelmed.
Speaker 4: I've recently managed to save up for my first big
Speaker 4: international holiday and years, using Quantus points and Airbnb.
Speaker 2: To cover most of the costs.
Speaker 4: That trip was a much needed reset, and it inspired
Speaker 4: me to reevaluate my spending with She's on the Money resources.
Speaker 4: I set a budget, started saving again, and made living
Speaker 4: within my means a priority. Now I'm back on track,
Speaker 4: focused on my financial goals and building a life that
Speaker 4: aligns with war truly matters to me.
Speaker 2: Money Diarist, that sounds so special. I'm so excited to
Speaker 2: have you on the show.
Speaker 3: Thank you for having me, No, of course.
Speaker 4: Thank you for wanting to share with us. I cannot
Speaker 4: wait to jump further into it. So before we get there,
Speaker 4: as always, I need to ask money Darist. If I
Speaker 4: asked you to give your money habits a grade from
Speaker 4: A through to F, what would you grade yourself?
Speaker 3: I think, based on recent behavior, i'd say a BEE.
Speaker 4: For Now, I love this and I want to know
Speaker 4: can you tell us a little bit more about your
Speaker 4: money story.
Speaker 3: I guess, as you mentioned in the intro, I love
Speaker 3: to travel and it's always kind of been a priority
Speaker 3: for me. But about ten years ago I bought my
Speaker 3: first property. I didn't want to spend all my money
Speaker 3: on travel. I did want to have something behind me,
Speaker 3: so I returned home to my little regional community and
Speaker 3: bought my first little property. And after a few years,
Speaker 3: I was just kind of ready for a change, so
Speaker 3: I moved and bought my second off equity in the
Speaker 3: first one, which was very lucky.
Speaker 2: Not lucky. Hard work. That's what you meant to do.
Speaker 3: That's true. Yeah, And yeah, as I said, I don't know,
Speaker 3: at times, it's felt pretty hard and like there just
Speaker 3: hasn't really been a light at the end of the
Speaker 3: tunnel to get just paying bills constantly. But yeah, this year,
Speaker 3: I just kind of made a priority to have that
Speaker 3: holiday and it was a really good reset for me
Speaker 3: to realize I can do the holiday if I'm a
Speaker 3: bit smarter with my money when I'm at home. So
Speaker 3: it's been a good motivation to get back on track
Speaker 3: with prioritizing what matters and what doesn't.
Speaker 4: And is travel, I guess top of the priority list
Speaker 4: at this point.
Speaker 3: It is, but I think I've just recently been reassessing
Speaker 3: what types of travel too, like I did the European
Speaker 3: holiday this year, but I think next year i'd try
Speaker 3: to do something a little bit closer to home, like Asia.
Speaker 3: It's nice seeing money go to my I'm really trying
Speaker 3: to prioritize getting money into my offset to bring that
Speaker 3: interest down. So as much as I do love the travel,
Speaker 3: it's also it's been really rewarding being a bit better
Speaker 3: with my money and seeing it have benefits to me
Speaker 3: as well.
Speaker 4: Is that something you've always felt or are you only
Speaker 4: recently going Actually, this is really like empowering seeing money
Speaker 4: in my offset and seeing me control my budget, because
Speaker 4: I think so many of us avoid budgeting because it
Speaker 4: feels so restrictive and we're like, we can't live our
Speaker 4: best lives if we do this. But it doesn't sound
Speaker 4: like that's what budget is doing for you.
Speaker 3: Oh, it took me a while to sit down and
Speaker 3: do the budget.
Speaker 2: It's overwhelming.
Speaker 3: Yeah it was, and I just wanted to avoid it,
Speaker 3: but I knew I had to do it. And when
Speaker 3: I used your resources actually on your website, it made
Speaker 3: me sick to see how much like when you took
Speaker 3: out the bills and what my necessary payments were, I
Speaker 3: was where's all the excess going. It made me feel
Speaker 3: like I need to be a bit more accountable.
Speaker 4: Sorry, but also you're welcome, Like both are really good.
Speaker 4: It's confronting at the same time as going. I'm glad
Speaker 4: you now know because I'm assuming that this process happened
Speaker 4: and you were going through it and it wasn't Oh
Speaker 4: my gosh, I have to be restrictive. When you did
Speaker 4: this budget, it was like, oh my gosh, I can't
Speaker 4: believe I'm spending that on that. And it really highlighted
Speaker 4: your values because you were like, actually, I'd much prefer
Speaker 4: that money to not go to X and to go
Speaker 4: to Y.
Speaker 2: What was the most surprising thing in your budget?
Speaker 3: Oh, I think it was just the how much was
Speaker 3: left over. I think food, just entertainment and things like that,
Speaker 3: how much I had been spending, and you know, and
Speaker 3: chatting with some friends I haven't really kind and supported friends.
Speaker 3: We all were on board with maybe instead of having
Speaker 3: our one hundred dollar meals and cocktails out every week,
Speaker 3: we do that less less often and go out for
Speaker 3: a dessert or like a coffee or frozen yogurt or
Speaker 3: something instead.
Speaker 2: So I love that.
Speaker 4: How nice is it to have friends on the same
Speaker 4: page as you like, you're like, this would actually benefit
Speaker 4: all of us, Like it's not just me, guys, And
Speaker 4: that's such a good way to frame it as well.
Speaker 4: It's like this is going to be good.
Speaker 2: For all of us, and I mean, you can start
Speaker 2: having dinner at each other's houses. It's just so wholesome.
Speaker 3: Yeah, we did that recently and it was so nice
Speaker 3: because we were able to get to have those wholesome conversations.
Speaker 3: We weren't interrupted by a waiter every few minutes. Yeah,
Speaker 3: it was lovely.
Speaker 4: Or you have to pipe down because there's like a
Speaker 4: few tables beside you and you're like, oh, yeah, I
Speaker 4: want to tell you about this, but I'll tell you later.
Speaker 2: No, you could say it right at the table.
Speaker 3: Yeah, No, it was lovely.
Speaker 2: I love that.
Speaker 4: All right, tell me a bit more about you. I
Speaker 4: want to know what do you do for work? How
Speaker 4: much money do you earn?
Speaker 3: I have a government job and I make about one
Speaker 3: hundred and ten thousand a year plus super very cool.
Speaker 2: And how long have you been doing that role? And
Speaker 2: what does it kind of look like?
Speaker 3: I jump around roles every few years to be honest,
Speaker 3: within government, which is kind of I think what keeps
Speaker 3: me there keeps it interesting. But I'm a project manager,
Speaker 3: so I don't manage projects.
Speaker 2: Yeah, very cool.
Speaker 4: What did you like one hundred and ten grand a year?
Speaker 4: That's pretty good money. What did you have to study
Speaker 4: or do to get into I guess having a government
Speaker 4: job that pays so well.
Speaker 3: I did like a project management degree at UNI, and
Speaker 3: it's a while ago now, and I guess a lot
Speaker 3: of the skills I learned on the job. Really, when
Speaker 3: I reflect back, it's having goods and chores and good
Speaker 3: people around me to help Boston build my skills to
Speaker 3: very cool.
Speaker 4: Talk to me about money goals. I need to know
Speaker 4: you have two mortgages already. Like you said, I'm back
Speaker 4: on track. I'm focused on my financial goals.
Speaker 2: What are those goals?
Speaker 3: Ultimately, I'd like to have financial freedom, as I said,
Speaker 3: I'd love to travel.
Speaker 2: Yes, the best goal ever.
Speaker 3: Yeah, I'd love to add some extra income streams that
Speaker 3: I feel like I need to get on top of.
Speaker 3: I'd like to pay done that, add some more to
Speaker 3: the offset really just to feel bit more comfortable. And
Speaker 3: I'd like to learn a lot more about investing. I
Speaker 3: did double at one point, but I had to pull
Speaker 3: the money out to pay for the bills. So I'd
Speaker 3: like to revisit that.
Speaker 4: That's so fair and I mean you learned something along
Speaker 4: the way and then you paid bills, Like, I'm proud
Speaker 4: of you ten out of ten.
Speaker 2: I would love to see you getting back into it.
Speaker 4: But like, we need a solid emergency fund, and like
Speaker 4: having a nice amount of money in offset is going
Speaker 4: to be really powerful in comparison, I need to know
Speaker 4: what does financial freedom mean to you, Like, if that's
Speaker 4: something that you're like, this is my big goal, this
Speaker 4: is what I'm working towards. How did you work out
Speaker 4: what you would need for that?
Speaker 3: Well, I guess I'd just like to live a life
Speaker 3: that isn't found by bills. I'd like to I mean, ultimately,
Speaker 3: long term, i'd love to be able to keep both
Speaker 3: properties and have the rent coming in and paying me.
Speaker 3: I mean that's obviously a very long term. I'd like
Speaker 3: to buy a house. I don't know, I'd love to
Speaker 3: be able to keep both of them. Hopefully I can,
Speaker 3: but yeah, have a house where can have a yard.
Speaker 3: But yeah, ultimately, the freedom is like being able to
Speaker 3: travel every year, not be just feeling like I'm bound
Speaker 3: by these bills and things like that.
Speaker 4: And is that something that you feel pretty strongly at
Speaker 4: the moment You're like, oh my gosh, like all these
Speaker 4: bills are piling up, and it feels like it's running
Speaker 4: my life. I feel like this is a theme that
Speaker 4: I'm picking up in this conversation.
Speaker 3: It was, but I think it's taken a few years
Speaker 3: now to understand when they're all coming in. I've been
Speaker 3: able to map them out in handy Excel spreadsheit just
Speaker 3: see to know like that in August and my big
Speaker 3: bill months, so I need to be making sure the
Speaker 3: money is in the account to be able to pay
Speaker 3: those big bills when they come in. So I think, yeah,
Speaker 3: just understanding what those bills are and cash flow and
Speaker 3: things like that is really important and not splurging before
Speaker 3: those are paid. Yeah, being smart around sale time and
Speaker 3: things like that.
Speaker 2: But that's really hard.
Speaker 4: I totally get it, though, because you said February and August,
Speaker 4: I feel.
Speaker 2: Like our bills might match up.
Speaker 4: Actually, but those months are they big because you have
Speaker 4: redgio or insurance or body like what's happening in those months.
Speaker 4: That is so I guess burdensome in comparison to the
Speaker 4: other normal months.
Speaker 3: It's pretty much all of the body corporate, all of
Speaker 3: the rates my red ho insurance in the early part
Speaker 3: of the year anyway, and then the second half is
Speaker 3: the other doesn't have the Red Joe in the car,
Speaker 3: but it's just pretty much all the big bills for
Speaker 3: the house that you then.
Speaker 4: And have you decided to implement a cash flow system
Speaker 4: to manage that or like your one bank ac count, girl,
Speaker 4: Like tell me a bit about like how we're putting
Speaker 4: this money aside, because like so many of us are like,
Speaker 4: oh my gosh, it's in my account, like I could
Speaker 4: spend it tomorrow.
Speaker 3: No, I've got multiple bank accounts. I have a house account.
Speaker 3: I've just started a car account though, I'm really excited
Speaker 3: about that one, so next year those bills won't be
Speaker 3: a big burden on me. But yeah, multiple accounts tracking,
Speaker 3: and as you mentioned, I've been using Airbnb to help
Speaker 3: anything that I make, and Airbnb goes to the house
Speaker 3: account and then that pays for the bills there. So
Speaker 3: that's been really helpful too.
Speaker 4: I adore that you're going to have to tell me
Speaker 4: more about airbnb though, like what does that mean? How
Speaker 4: are you using it? Like are you having guests or
Speaker 4: are you renting your whole house out or are you
Speaker 4: just cleaning Airbnb's like I need to know the deeds,
Speaker 4: my friend.
Speaker 3: Yeah, so I've been using Airbnb the last few years
Speaker 3: to help pay my house bills. So I've been renting
Speaker 3: out my spare room on Airbnb, and I've had doctors
Speaker 3: for last and Irish doctor staying with me for the
Speaker 3: last few weeks while she's been.
Speaker 2: Oh okay, how fun.
Speaker 3: Yeah, it's been really nice because I like to travel.
Speaker 3: It's been nice to get to meet people who are
Speaker 3: setting up their life here.
Speaker 2: It's like traveling but at home.
Speaker 3: Yeah, I've got a paramedic staying in another few weeks.
Speaker 3: So mostly women, and they tell me that they would
Speaker 3: prefer to stay in someone's home than in a hotel
Speaker 3: on the side of the highway. They feel safer. So yeah,
Speaker 3: it's really helped me out. But in holiday times I
Speaker 3: do rent out the whole place for longer periods of time.
Speaker 3: Issue just to one person.
Speaker 2: That's really fun.
Speaker 4: You have to tell me though, because like it just
Speaker 4: feels really overwhelming to go, oh, I'm going to stick
Speaker 4: my spare room on air being but like, what did
Speaker 4: you have to do to prep for that? Like, did
Speaker 4: you have to buy all new sheets or all new furniture?
Speaker 2: Like, well, I don't know what does that look like?
Speaker 3: I guess I had it all set up to be honest,
Speaker 3: it's just my spare room, so I had it looking
Speaker 3: nice and yeah've always got nice sheets and towels ready.
Speaker 3: I had a beingb set up a photographer to take
Speaker 3: nice photos.
Speaker 2: Oh cute.
Speaker 3: Yeah, so it looks nice.
Speaker 4: And then you just put the listing online and say, hey,
Speaker 4: come stay in my spare room. I'm a really nice
Speaker 4: girl who lives in this location and I like chatting
Speaker 4: with friends like is that just what you do? And
Speaker 4: then how much are you making? You have to tell me,
Speaker 4: like what are you making? Lots of money, a little
Speaker 4: bit of money?
Speaker 3: What depends on how often you do it. Obviously, my
Speaker 3: rates change depending on season and availability, and if they
Speaker 3: book for a long period of time, I have discount rates,
Speaker 3: so I can generally make one hundred dollars a night.
Speaker 2: What one hundred bucks a night for your spare room.
Speaker 3: Yeah, but I mean I've had someone stay for three
Speaker 3: weeks and there's a discount on that, so I guess
Speaker 3: it keeps it a little bit more comparable to a
Speaker 3: short term rental. I suppose I love it.
Speaker 4: I feel like that's good money though, like every week
Speaker 4: making an extra like well seven hundred bucks just having
Speaker 4: someone stay, Like I know that it's going to ebb
Speaker 4: and flow. You've probably got some airbnb charges, but that's
Speaker 4: money you didn't have before.
Speaker 3: Yeah, it's helped pay the bills, and it's kept me
Speaker 3: afloat for sure. I've taken a lot of the pressure off.
Speaker 3: So without that, I wouldn't have had the holiday this year,
Speaker 3: and I wouldn't have had I guess there's better habits too.
Speaker 3: I think all of my money would have just been
Speaker 3: going to paying the bills. Now I've had a little
Speaker 3: bit more extra to be able to enjoy life a
Speaker 3: little bit more. So it's definitely taken pressure.
Speaker 2: Absolutely, And I have to know what happens if someone
Speaker 2: takes your whole house, Like where are you going? What
Speaker 2: do you do?
Speaker 4: Because like do you just like hide under the house
Speaker 4: until they come back?
Speaker 2: Like I don't know.
Speaker 3: Yeah, I go on holidays, so yeah it's usually Christmas time.
Speaker 4: Yeah, okay, perfect, So while you're on holidays, you're leasing
Speaker 4: your whole house out. I'm not sure why I couldn't
Speaker 4: comprehend that that was an option.
Speaker 2: In my mind, I was like, so where do you go?
Speaker 2: I love that? That is really fun.
Speaker 4: All right, let's go to a really quick break because
Speaker 4: after the break I want to talk to you a
Speaker 4: bit more about having two properties. Like you're only thirty nine.
Speaker 4: That is a massive goal. You seem a bit like,
Speaker 4: oh yeah, like it's just something I did, But like
Speaker 4: we need to know how, when, why, all of the details.
Speaker 4: So guys don't go anywhere, all right, money diarist, We
Speaker 4: are back, and I know the answer to this is, yes,
Speaker 4: do you have any investments?
Speaker 2: If so, what are they?
Speaker 3: Yes? So I've got to well, I guess if you
Speaker 3: count your home as an investment, but I guess technically
Speaker 3: have one rental property I bought nearly ten years ago,
Speaker 3: and then the property I live in Now.
Speaker 2: I love this. How did you get into property?
Speaker 3: Like?
Speaker 2: Was it something that you had always wanted to purchase?
Speaker 2: Was it something that.
Speaker 4: You had, you know, saved for one million years to purchase.
Speaker 4: Was it something where you're like, oh, actually I saved
Speaker 4: the deposits in like six months, Victoria, Like, tell me
Speaker 4: a bit more about that journey, because, like for so
Speaker 4: many of us, property purchasing feels so hard and so
Speaker 4: far off.
Speaker 3: I guess it. Like I started contributing years and years ago.
Speaker 3: I think it was Kevin Rudd that introduced one of
Speaker 3: those first time saver accounts. You couldn't touch the money,
Speaker 3: but you could just add to it, and if you
Speaker 3: have never used it, it just go to your super
Speaker 3: So I thought, for someone that loves to travel, it
Speaker 3: would be a good idea to open one of those accounts.
Speaker 3: So every when I got a little bit of tax
Speaker 3: money back, or you know, a bit of a lumpsum,
Speaker 3: I'd drop some money in there because I knew i'd
Speaker 3: probably just spend it on travel and would have nothing.
Speaker 3: I didn't want to have nothing to show for it.
Speaker 3: So yeah, when I moved back from overseas, I had
Speaker 3: to live with my parents for a while, and I
Speaker 3: guess I was just looking at the rental market where
Speaker 3: I was living, and cost of mortgage was about the
Speaker 3: same as rent, so I thought, why not stay at
Speaker 3: home a little while longer, so a bit more money
Speaker 3: and then yeah, buy my own place.
Speaker 2: And Kevin O seven helped you out with that one.
Speaker 2: I like that.
Speaker 3: Yeah, so now that helped. Yeah, I guess it's been
Speaker 3: a while since I had that when I rented it out,
Speaker 3: it's been rented out now for about four or five years.
Speaker 2: That's very cool. What kind of rental yield are you getting.
Speaker 3: On that they're rented to paying about five hundred a week?
Speaker 4: And does that cover the mortgage or does it, you know,
Speaker 4: mean that you need to top up or like, what
Speaker 4: does that look like in comparison to the ownership costs.
Speaker 3: It nearly covers the mortgage, but it doesn't cover any
Speaker 3: of the other bills at the moment. It did before
Speaker 3: all the interest rate rises, and in fact that I
Speaker 3: wasn't being smart with the money. It was covering it.
Speaker 3: But I could have been smart and putting more towards
Speaker 3: an offset back then, but I wasn't. You know, live
Speaker 3: and learn that. I guess we were learning.
Speaker 4: We were doing the best that we could with the
Speaker 4: tools and resources we had at the time. I feel
Speaker 4: like we're always so harsh on ourselves. We're like, I
Speaker 4: could have been doing more. Yeah, you could have, but
Speaker 4: you weren't and you just didn't know. So that's fine.
Speaker 4: So tell me more about this second property, because you
Speaker 4: mentioned in the first half of the show that you
Speaker 4: bought your first property and then you managed to buy
Speaker 4: your second with equity. So what was that property worth
Speaker 4: when you purchased it? What did it increase to or
Speaker 4: did you smash town the mortgage aggressively so that the
Speaker 4: equity grew, Like, tell us, we need the deats.
Speaker 3: I did have savings. I did save the deposit. I
Speaker 3: think I had around eighty thous and because I moved
Speaker 3: home to save a bit. But I had it revalued
Speaker 3: and I haven't had it revalue recently in the last year,
Speaker 3: but it had more than doubled in price.
Speaker 2: Oh my god.
Speaker 3: Yeah, because it's a little regional town that's done quite
Speaker 3: well over the last few years.
Speaker 4: So I love that for you so much. So tell
Speaker 4: me what were you thinking when you bought your second property?
Speaker 2: What was the plan there?
Speaker 4: Were you like, I'm going to buy another investment or
Speaker 4: I'm going to buy a family home or what was
Speaker 4: the next step plan?
Speaker 3: Well, I didn't think I could do it, to be honest,
Speaker 3: I was just paying rent and my brother encouraged me
Speaker 3: to go speak to the broker that we both used,
Speaker 3: and smart man. Yeah, he did the numbers and was like, yeah,
Speaker 3: for sure, you can buy another one. So with the
Speaker 3: equity I had and a bit of savings I had
Speaker 3: in the bank. Yeah, he encouraged me to do it,
Speaker 3: and I again glad I did because this one's also
Speaker 3: grown in value in the few years I've had it too, So.
Speaker 2: I love that so much.
Speaker 4: All right, talked to me about debt. How much debt
Speaker 4: are you in? What do your mortgages look like?
Speaker 3: Yeah, my mortgages The first property still has about three twenty.
Speaker 3: I did a renovation on that one, taking out another loan,
Speaker 3: so that loan has gone up since I have had
Speaker 3: it originally, So that's three twenty. What's the property worth
Speaker 3: about seven hundred? Oh?
Speaker 2: Very nice?
Speaker 4: Isn't that exciting when you like spell it out, You're like, actually,
Speaker 4: look at.
Speaker 3: Me, go, yeah, no, it is well around that anyway.
Speaker 2: Yeah, that's okay.
Speaker 4: And then you're getting about five hundred bucks a week
Speaker 4: on that property.
Speaker 2: It's do you know what that is?
Speaker 4: Creating such good long term wealth. Like at the end
Speaker 4: of the day, you said, I'm working towards financial freedom.
Speaker 4: You know, it feels a little bit distant. It's not
Speaker 4: that far off.
Speaker 3: I hope. So yeah, I just I think having good
Speaker 3: systems in place has helped me to realize it isn't
Speaker 3: if I just keep going done the way I am.
Speaker 2: I love that, all right, tell me about your second mortgage.
Speaker 3: Yeah, it was about five fifty. No, actually that's the
Speaker 3: value of property. I think the mortgage itself was about
Speaker 3: four fifty. Yeah. I haven't paid too much off that
Speaker 3: because it's something been a few years. But the property
Speaker 3: is worth about seven fifty I think.
Speaker 2: What it's got.
Speaker 4: So when you purchased it, you purchased for five fifty,
Speaker 4: and now it's worth seven fifty. Yeah, so you're earning
Speaker 4: one hundred and ten grand a year. But then also
Speaker 4: your properties are like increasing every year by like one
Speaker 4: hundred grand overall.
Speaker 2: Yeah, you're a hustler. I love this.
Speaker 3: Yeah, it's been hard work and luck, I guess, and
Speaker 3: that things have jumped. I don't know if we'll see
Speaker 3: continue to see that jump.
Speaker 2: No, there's no such thing as luck.
Speaker 4: Do you know what? It's so weird all of these
Speaker 4: people that I know that consistently work really hard towards
Speaker 4: financial freedom.
Speaker 2: The harder they work, the luckier they get.
Speaker 3: Yeah, it just feels like a lot of work in
Speaker 3: the beginning. I guess, I'm sure looking back. Well, I
Speaker 3: hope looking back, it all feel easier, but when you're
Speaker 3: at the beginning it is it does feel a bit overwhelming.
Speaker 4: It's overwhelming and all consuming. But now you have two properties,
Speaker 4: one of which you have rented out for five hundred
Speaker 4: dollars a week and one I'm assuming you live in
Speaker 4: currently and you sometimes rented out to people on Airbnb,
Speaker 4: and that gives you some passive income to help pay
Speaker 4: down the mortgage or go on a holiday or live
Speaker 4: your best life. You've got a really good income. I'm
Speaker 4: just so excited about this money diary, Like you are
Speaker 4: killing it. But it's also really achievable and really relatable.
Speaker 4: I think sometimes when you talk to people, you're like, oh, yeah,
Speaker 4: that's okay, Like she owns two properties, but she did
Speaker 4: get you know, a really big lump sum, or you
Speaker 4: know she's been able to live at home until she's fifty,
Speaker 4: or like there are all these stories, but like you've
Speaker 4: just plodded along and gotten it done and done it yourself.
Speaker 2: And ah, I love it. What do you think is
Speaker 2: your best money have it?
Speaker 3: Hmm? I think the airbnb has been one of the
Speaker 3: best things I've done, as well as the tracking, the budgeting.
Speaker 3: But that's all very recent, but I've been really disciplined
Speaker 3: with making sure all of that AIRVMB income goes to
Speaker 3: cover the rates and body corporate and maintenance bills.
Speaker 4: So yes, smart, So at least it feels really productive
Speaker 4: and actually takes I know, like having extra cash coming
Speaker 4: in always sexy, right, We always want more money, but
Speaker 4: the idea it's pre allocated to something that is going
Speaker 4: to take the pressure off later, like when rates happen,
Speaker 4: you'll be.
Speaker 2: Like, hmm, that's already covered. That feels nice.
Speaker 3: Yeah, it does increase my tax will income because that's
Speaker 3: okay too. Yeah, and my accountant tells me that's okay.
Speaker 2: In fact, the more money we make, the more tax
Speaker 2: we pay.
Speaker 4: So I would like to earn lots and lots and
Speaker 4: lots of money and pay lots and lots of tax.
Speaker 3: Yeah, that's true.
Speaker 2: I love it. Tell me, do you have some bad
Speaker 2: money habits? What's your worst?
Speaker 3: I think I do try to find cost effective ways
Speaker 3: to do things, but when it comes to my hair
Speaker 3: and my skin, it's absolutely always the best. I don't
Speaker 3: want to sacrifice on quality for those, and I think
Speaker 3: the other one would probably be well, I've got some
Speaker 3: really good systems in place now. I kind of like consistency.
Speaker 3: I'll go through periods of being really disciplined with like
Speaker 3: the budget, and then I'll just splurge like, yeah, I
Speaker 3: get it. You know all of the sales that are
Speaker 3: on right now, so I've got to Yeah, they kind
Speaker 3: of just throw it all over the windows.
Speaker 2: They've got to put some blinkers on.
Speaker 4: I'm like trying to reframe all of the sales stuff
Speaker 4: to be like, Okay, this is actually a really good
Speaker 4: time that every time they text me to unsubscribe from
Speaker 4: that list. So I'm trying to not read too much
Speaker 4: into it. But also I'm a.
Speaker 2: Little bit spendy, Like I like nice things. I'm just
Speaker 2: a girl.
Speaker 3: You know, it's a girl tax. Yeah.
Speaker 4: Oh, you said at the start that you are a
Speaker 4: solid B, which I think is pretty good. But what
Speaker 4: would it take for you to become an A or
Speaker 4: an A plus? Like what other steps need to be
Speaker 4: put in place.
Speaker 3: I think it's just more the consistency and following through.
Speaker 3: If I can keep this behavior up for the longer term,
Speaker 3: I'd definitely bump that score up. But yeah, just have
Speaker 3: you seeing myself do it a little bit longer than
Speaker 3: the last few months for sure.
Speaker 4: That's exciting though, because that's totally possible, Like I can
Speaker 4: check in with you in twelve months and be like,
Speaker 4: so have you been consistent, and you're gonna be like, yeah,
Speaker 4: of course I've been consistent because I had a really
Speaker 4: clean plan and then I'm an A plus now.
Speaker 2: Isn't that exciting?
Speaker 3: It is? Hopefully. Yeah, I think I'm on the way.
Speaker 4: I adore it. Well, thank you so much for joining us.
Speaker 4: Unfortunately that is all we have time for today when
Speaker 4: it comes to my new darries. But I've loved this.
Speaker 4: I'd love having a chat with you. I totally resonate
Speaker 4: on always wanting to spend on good products for hair
Speaker 4: and good products for skin, Like it's also like a
Speaker 4: little bit of self care, right, like you feel good
Speaker 4: using them, so I get it. But I also have
Speaker 4: loved learning a bit more about how you've been using
Speaker 4: Airbnb and bringing some extra cash in and I mean
Speaker 4: more tax means you just earn more money. We just
Speaker 4: have to have a plan for it. I feel like
Speaker 4: so many people are scared to earn more money because
Speaker 4: tax is scary, but like, you're only ever going to.
Speaker 2: Be taxed at your marginal tax rate. And that is
Speaker 2: a good deal.
Speaker 3: Yeah, exactly, Well, thank you so much for having me.
Speaker 2: No, of course, thank you so much.
Speaker 4: I have adored this money Diary, and I know that
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