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 --> 00:00:07,280 Speaker 1: woman and I'm here to acknowledge country t Glenn Young 3 00:00:07,320 --> 00:00:11,159 Speaker 1: Ganya nianar Kaka yah y and beIN Ahaka nian our 4 00:00:11,240 --> 00:00:16,920 Speaker 1: gay In Nimbina, yakarum jar dominyamiga Umagahawakaman damon Imlan Bomba 5 00:00:16,960 --> 00:00:20,040 Speaker 1: ban Gadabomba in and now in wakah ghana on yakarrum 6 00:00:20,120 --> 00:00:24,960 Speaker 1: jar Watnadaa. Hello, beautiful friends, we gather on the lands 7 00:00:24,960 --> 00:00:28,040 Speaker 1: of the Aboriginal people. We thank acknowledge and respect the 8 00:00:28,040 --> 00:00:31,280 Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure 9 00:00:31,280 --> 00:00:33,839 Speaker 1: in all the land and respect all that you see. 10 00:00:34,600 --> 00:00:40,240 Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections, 11 00:00:40,960 --> 00:00:44,600 Speaker 1: bringing you the tools, 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 --> 00:01:04,120 Speaker 3: She's on the Money. 14 00:01:07,760 --> 00:01:10,720 Speaker 4: Hello, and welcome to She's on the Money, the podcast 15 00:01:10,720 --> 00:01:13,360 Speaker 4: that led you be pervy about other people's money habits 16 00:01:13,520 --> 00:01:16,920 Speaker 4: for educational purposes of course. Welcome back to another one 17 00:01:16,920 --> 00:01:19,560 Speaker 4: of our money daries where I get the absolute privilege 18 00:01:19,560 --> 00:01:21,760 Speaker 4: of talking to one of our incredible She's on the 19 00:01:21,760 --> 00:01:25,360 Speaker 4: Money community members all about their journey. Now, let's jump 20 00:01:25,400 --> 00:01:27,560 Speaker 4: straight into it, because this week I got a message 21 00:01:27,560 --> 00:01:31,479 Speaker 4: and it sounded exactly like this, dear, she's on the money. 22 00:01:31,760 --> 00:01:34,360 Speaker 4: Two years ago, I embarked on a career in defense, 23 00:01:34,640 --> 00:01:37,160 Speaker 4: packed up my life and moved to Canberra. It didn't 24 00:01:37,160 --> 00:01:39,800 Speaker 4: go as planned. I got a back injury and was 25 00:01:39,920 --> 00:01:43,240 Speaker 4: medically discharged, so I moved back to Melbourne with no 26 00:01:43,440 --> 00:01:46,560 Speaker 4: job and was burning through my savings. Even though I 27 00:01:46,560 --> 00:01:49,680 Speaker 4: had completed my psychology honors degree the year prior, I 28 00:01:49,720 --> 00:01:53,240 Speaker 4: had no work experience in the sector. Fast forward to today, 29 00:01:53,520 --> 00:01:56,000 Speaker 4: I'm in an incredible job, living with my boyfriend and 30 00:01:56,040 --> 00:01:59,600 Speaker 4: we've just bought our first investment property together money jars. 31 00:01:59,640 --> 00:02:03,000 Speaker 4: That would have been so stressful, very very very stressful. 32 00:02:03,040 --> 00:02:05,560 Speaker 4: Oh my goodness, being like I'm going to move my 33 00:02:05,600 --> 00:02:07,880 Speaker 4: whole life and then being injured to the point where 34 00:02:07,880 --> 00:02:11,960 Speaker 4: you're not allowed to work, like heartbreaking. I'm so sorry. 35 00:02:12,960 --> 00:02:16,120 Speaker 2: That's okay, Yeah it was my dream, but I think 36 00:02:16,160 --> 00:02:18,000 Speaker 2: the main thing I learn is things don't always go 37 00:02:18,040 --> 00:02:20,560 Speaker 2: to plan. So it worked out in the end, but 38 00:02:20,600 --> 00:02:23,000 Speaker 2: in the moments, yeah, very very overwhelming. 39 00:02:23,200 --> 00:02:25,280 Speaker 4: Oh I want to learn more about that before we 40 00:02:25,360 --> 00:02:28,120 Speaker 4: get there. What grade would you give your money habits. 41 00:02:28,160 --> 00:02:29,760 Speaker 4: If I asked you to give them a grade from 42 00:02:29,800 --> 00:02:30,639 Speaker 4: A through to F. 43 00:02:30,760 --> 00:02:32,000 Speaker 2: I'd probably say an as. 44 00:02:32,120 --> 00:02:35,240 Speaker 4: Now, oh okay, queen, I want to know more about this, 45 00:02:35,800 --> 00:02:38,200 Speaker 4: but can you tell me before we get into all 46 00:02:38,240 --> 00:02:40,519 Speaker 4: of that, tell me a bit more about your money story. 47 00:02:40,600 --> 00:02:44,840 Speaker 2: Yeah. Sure. So I grew up in a very military family. 48 00:02:44,960 --> 00:02:48,440 Speaker 2: So my dad was an intelligence analyst in the Air 49 00:02:48,480 --> 00:02:51,040 Speaker 2: Force and my mum was a nurse in the Navy. 50 00:02:51,160 --> 00:02:54,600 Speaker 4: So this is why defense made sense for you, Yes. 51 00:02:54,320 --> 00:02:55,680 Speaker 2: And I was like, well, we may as well go 52 00:02:55,760 --> 00:02:59,600 Speaker 2: for the trifecta. I'll do Army, which arguably is probably 53 00:02:59,680 --> 00:03:02,840 Speaker 2: the hut artist force, no disrespect, but yeah. So I 54 00:03:02,960 --> 00:03:06,560 Speaker 2: was like, awesome. They both got called through UNI before 55 00:03:06,840 --> 00:03:09,280 Speaker 2: they started, so I was like, awesome, I'm going to 56 00:03:09,639 --> 00:03:12,919 Speaker 2: get a qualification and then go pursue that through Defense. 57 00:03:13,200 --> 00:03:15,560 Speaker 2: But obviously, yeah, it didn't work out. So I was 58 00:03:15,600 --> 00:03:19,480 Speaker 2: in there for about two years. But ultimately when I 59 00:03:19,520 --> 00:03:22,760 Speaker 2: went to get my scans, there wasn't any hard evidence 60 00:03:22,800 --> 00:03:26,960 Speaker 2: of a proper diagnosis. So I didn't actually get any 61 00:03:27,000 --> 00:03:30,000 Speaker 2: sort of I guess support in the transition out because 62 00:03:30,000 --> 00:03:33,480 Speaker 2: I couldn't find an actual problem. What. Yeah, so I 63 00:03:33,520 --> 00:03:35,600 Speaker 2: got a bit, but not as much as you'd expect, 64 00:03:35,720 --> 00:03:37,160 Speaker 2: so it was pretty awful. 65 00:03:37,360 --> 00:03:40,040 Speaker 4: Oh my goodness, that would have been even more stressful 66 00:03:40,040 --> 00:03:41,600 Speaker 4: because you're like, guys, I want to be here, but 67 00:03:41,640 --> 00:03:45,000 Speaker 4: you're not letting me be here. So what happened? How 68 00:03:45,000 --> 00:03:46,560 Speaker 4: did you end up with a back injury? 69 00:03:46,720 --> 00:03:49,520 Speaker 2: So it's just tumultive training because the training over there 70 00:03:49,560 --> 00:03:52,960 Speaker 2: is eighteen months in Canberra at the Royal Military College. 71 00:03:52,960 --> 00:03:56,920 Speaker 2: So I finished training, but ultimately after training, I couldn't 72 00:03:56,960 --> 00:03:59,880 Speaker 2: go on to pursue an actual proper career because I 73 00:04:00,560 --> 00:04:04,000 Speaker 2: just it's just overtime and back injuries the most common 74 00:04:04,280 --> 00:04:07,400 Speaker 2: in military. Same with like lower limb injuries because you're 75 00:04:07,400 --> 00:04:11,200 Speaker 2: carrying packs about maybe like sixty kilos, like at least, 76 00:04:11,480 --> 00:04:14,120 Speaker 2: my goodness, and you've got your weapons and everything, so 77 00:04:14,200 --> 00:04:17,600 Speaker 2: it's definitely something that your body has to get used to, 78 00:04:17,640 --> 00:04:21,200 Speaker 2: and ultimately sometimes it doesn't and you don't realize until 79 00:04:21,240 --> 00:04:23,919 Speaker 2: you've finished, and then you're like, okay, well I've actually 80 00:04:24,080 --> 00:04:26,240 Speaker 2: am seriously hurt and I can't go on with this. 81 00:04:26,440 --> 00:04:29,599 Speaker 4: That's heartbreaking. So and especially because you grew up in 82 00:04:29,640 --> 00:04:32,599 Speaker 4: like a defense family, I'm assuming this was a dream 83 00:04:32,600 --> 00:04:35,760 Speaker 4: that you had since you were like little. You weren't like, oh, 84 00:04:35,880 --> 00:04:37,719 Speaker 4: one day I went into like a school fair and 85 00:04:37,800 --> 00:04:40,000 Speaker 4: I saw that this was a good idea. You literally 86 00:04:40,080 --> 00:04:43,560 Speaker 4: grew up, Like what's an intelligence analyst do? Sorry side 87 00:04:43,640 --> 00:04:46,200 Speaker 4: note that sounds so bougie. Can you tell me about 88 00:04:46,200 --> 00:04:46,839 Speaker 4: your dad's job? 89 00:04:47,279 --> 00:04:50,839 Speaker 2: Yeah, basically just following up on intelligence that you receive, 90 00:04:50,920 --> 00:04:54,360 Speaker 2: So it might be from external sources, internal sources, and 91 00:04:54,400 --> 00:04:57,880 Speaker 2: it's obviously very confidential. But yeah, and then using that 92 00:04:58,000 --> 00:04:59,719 Speaker 2: to protect and defend. 93 00:05:00,040 --> 00:05:02,200 Speaker 4: I'm obsessed. And then your mum was a nurse in 94 00:05:02,240 --> 00:05:05,800 Speaker 4: the navy or a woman, so you wanted to go 95 00:05:05,960 --> 00:05:08,080 Speaker 4: into the army. You were like, you know what, I'm 96 00:05:08,120 --> 00:05:10,440 Speaker 4: going to go for the hardest one. We're going into 97 00:05:10,480 --> 00:05:12,600 Speaker 4: the army. What was the dream? What was the goal? 98 00:05:12,640 --> 00:05:13,600 Speaker 4: Where did we want to go? 99 00:05:13,760 --> 00:05:15,680 Speaker 2: To do psychology? Yeah? 100 00:05:15,800 --> 00:05:18,560 Speaker 4: Very cool, So like just become a psychologist in the 101 00:05:18,720 --> 00:05:20,080 Speaker 4: army hopefully Yeah. 102 00:05:20,120 --> 00:05:23,440 Speaker 2: So to do psychology through the army with veterans. 103 00:05:23,560 --> 00:05:28,039 Speaker 4: Wow, so obviously bloody heartbreaking finding out that you couldn't 104 00:05:28,080 --> 00:05:30,560 Speaker 4: do that. What was that like being like okay, cool, 105 00:05:30,600 --> 00:05:32,960 Speaker 4: I'm being medically discharged and I have to move back 106 00:05:32,960 --> 00:05:34,479 Speaker 4: to Melbourne. What the heck? 107 00:05:34,600 --> 00:05:34,680 Speaker 2: Like? 108 00:05:35,080 --> 00:05:37,560 Speaker 4: Where were you at in life at that point was 109 00:05:37,800 --> 00:05:38,640 Speaker 4: what was going on. 110 00:05:38,880 --> 00:05:41,680 Speaker 2: Nothing like I'd packed up my entire life to move there. 111 00:05:41,760 --> 00:05:44,080 Speaker 2: So because I grew up on the mornings in Peninsula 112 00:05:44,120 --> 00:05:45,760 Speaker 2: and I have only one sister. 113 00:05:46,040 --> 00:05:46,880 Speaker 4: Oh same queen. 114 00:05:47,320 --> 00:05:51,000 Speaker 2: Oh love that. Yeah it's gorgeous there, But yeah, I 115 00:05:51,040 --> 00:05:52,600 Speaker 2: grew up there, so it was like a huge move. 116 00:05:52,640 --> 00:05:55,200 Speaker 2: I'd never kind of lived outside of home because it'd 117 00:05:55,200 --> 00:05:57,120 Speaker 2: just always been my sister and I. So then I 118 00:05:57,160 --> 00:05:59,640 Speaker 2: was just like, well, I'm just going to go. And 119 00:05:59,839 --> 00:06:02,080 Speaker 2: I I never had a contingency plan. I don't know 120 00:06:02,120 --> 00:06:03,120 Speaker 2: why I didn't. 121 00:06:03,240 --> 00:06:05,560 Speaker 4: You don't need one. You didn't think that you did. 122 00:06:05,920 --> 00:06:07,600 Speaker 2: Yeah, And and like taught me not to put all 123 00:06:07,600 --> 00:06:09,920 Speaker 2: my eggs in one basket because I did not foresee 124 00:06:09,920 --> 00:06:12,320 Speaker 2: this happening. So yeah, and it was super overwhelming, and 125 00:06:12,360 --> 00:06:15,120 Speaker 2: I guess also kind of embarrassing because my parents had 126 00:06:15,160 --> 00:06:17,880 Speaker 2: both done really really well through defense and there was 127 00:06:17,960 --> 00:06:21,040 Speaker 2: me who finished training but then couldn't continue with it. 128 00:06:21,120 --> 00:06:23,680 Speaker 4: That's not embarrassing at all. That is not do you 129 00:06:23,680 --> 00:06:26,400 Speaker 4: know what would have been embarrassing if you'd like lied 130 00:06:26,480 --> 00:06:28,760 Speaker 4: about it and stayed in the army and injured yourself 131 00:06:28,800 --> 00:06:31,320 Speaker 4: even further and like made it even work, like that's 132 00:06:31,400 --> 00:06:34,440 Speaker 4: not no, You've done a really good job, Like I 133 00:06:34,440 --> 00:06:36,599 Speaker 4: don't think that's and I know that you like it's 134 00:06:36,600 --> 00:06:38,960 Speaker 4: so funny the way we see it individually, we go, oh, 135 00:06:39,000 --> 00:06:41,280 Speaker 4: that was so embarrassing, and then from the outwood see 136 00:06:41,279 --> 00:06:43,080 Speaker 4: and everyone's like, what the hell what do you mean, babe? 137 00:06:43,160 --> 00:06:46,560 Speaker 4: Like that's not embarrassing, but I get that that's exactly 138 00:06:46,600 --> 00:06:49,120 Speaker 4: how you felt. So you moved home, I'm assuming, back 139 00:06:49,120 --> 00:06:50,520 Speaker 4: in with mum and dad because you were like, what 140 00:06:50,560 --> 00:06:51,479 Speaker 4: the hell do I do? 141 00:06:51,800 --> 00:06:54,400 Speaker 2: Yeah? Yeah, so I moved back in with them because 142 00:06:54,440 --> 00:06:56,960 Speaker 2: the plan was to buy a house through defense, because 143 00:06:56,960 --> 00:06:59,599 Speaker 2: you can once you've worked a certain amount of years 144 00:06:59,640 --> 00:07:02,400 Speaker 2: and they help you with housing. So I moved back in. 145 00:07:02,440 --> 00:07:03,880 Speaker 2: And yeah, like I said, I didn't have a job, 146 00:07:04,000 --> 00:07:05,919 Speaker 2: but I think I was lucky that I was qualified 147 00:07:06,000 --> 00:07:08,839 Speaker 2: prior to that and had my degree so then I 148 00:07:08,880 --> 00:07:12,200 Speaker 2: could actually try and find something, which I did eventually. 149 00:07:12,280 --> 00:07:14,720 Speaker 2: But I was out of a job for about five months, 150 00:07:15,160 --> 00:07:17,240 Speaker 2: which was quite stressful. What was that like? 151 00:07:17,400 --> 00:07:19,000 Speaker 4: Because I would have been like, I don't know, I 152 00:07:19,040 --> 00:07:21,240 Speaker 4: feel like that hits your ego too, because you're like, 153 00:07:21,280 --> 00:07:23,160 Speaker 4: these were all my grand plans and like, as you 154 00:07:23,200 --> 00:07:26,160 Speaker 4: said you felt embarrassed, like you don't want to really 155 00:07:26,200 --> 00:07:29,040 Speaker 4: like rekindle with all your friends once your back, because 156 00:07:29,080 --> 00:07:30,600 Speaker 4: you're like, I don't want to, like I feel like 157 00:07:30,640 --> 00:07:33,120 Speaker 4: I'm going to go to lunch not have an update 158 00:07:33,200 --> 00:07:36,200 Speaker 4: for you or whatever. Like what was that like? And 159 00:07:36,560 --> 00:07:38,320 Speaker 4: tell me about the job that you did get. 160 00:07:38,440 --> 00:07:40,920 Speaker 2: Yeah. I literally was just like saying to them, oh, like, 161 00:07:40,920 --> 00:07:43,080 Speaker 2: I'm just applying for jobs, and they were all like, oh, well, 162 00:07:43,160 --> 00:07:45,360 Speaker 2: I've just been promoted, I've done this, I've done that. 163 00:07:45,600 --> 00:07:48,200 Speaker 2: So it was just very Yeah, it definitely hit the 164 00:07:48,240 --> 00:07:50,040 Speaker 2: ego a bit, but you kind of have to put 165 00:07:50,040 --> 00:07:52,240 Speaker 2: that aside and be like, that can be me. I've 166 00:07:52,280 --> 00:07:54,080 Speaker 2: just got to find the right pathway and I know 167 00:07:54,200 --> 00:07:56,880 Speaker 2: I'm capable of it. It's just getting that opportunity. 168 00:07:57,000 --> 00:08:00,440 Speaker 4: Yeah, one hundred. So after five months you found role. 169 00:08:00,560 --> 00:08:02,520 Speaker 4: What were you doing and are you still doing it? 170 00:08:02,560 --> 00:08:02,920 Speaker 4: Tell me? 171 00:08:03,120 --> 00:08:06,280 Speaker 2: I am so I got a job in child protection. 172 00:08:06,680 --> 00:08:10,920 Speaker 2: Oh you are so special, which is what I've always 173 00:08:10,920 --> 00:08:14,520 Speaker 2: wanted to do, working with children and young people and families. 174 00:08:14,640 --> 00:08:18,560 Speaker 2: So I've been doing that for yeah, over two years now, 175 00:08:18,560 --> 00:08:22,440 Speaker 2: and it's been amazing. It's obviously challenging work, but very rewarding. 176 00:08:22,600 --> 00:08:25,480 Speaker 4: Yeah, I can't imagine that anyone would ever say, oh, 177 00:08:25,640 --> 00:08:28,320 Speaker 4: it's really easy, But like I can see that as 178 00:08:28,400 --> 00:08:32,480 Speaker 4: being like super super rewarding and low key glad that, 179 00:08:33,120 --> 00:08:35,360 Speaker 4: like your defense career didn't work out, because I know 180 00:08:35,480 --> 00:08:38,320 Speaker 4: that was your dream. But like, it takes such a 181 00:08:38,360 --> 00:08:41,240 Speaker 4: special person to be able to work in child protection. 182 00:08:41,880 --> 00:08:44,760 Speaker 4: They're like, I'm glad they have you because they need you. 183 00:08:44,840 --> 00:08:47,640 Speaker 4: They need like empathetic humans who want to care about 184 00:08:47,679 --> 00:08:50,440 Speaker 4: other people. Like, but how are you looking after yourself? 185 00:08:50,520 --> 00:08:53,760 Speaker 4: Because I feel like I have had the pleasure of 186 00:08:53,760 --> 00:08:55,880 Speaker 4: talking to a lot of people who work in child protection, 187 00:08:56,080 --> 00:08:58,960 Speaker 4: and you can so easily burn out or be overwhelmed, 188 00:08:59,000 --> 00:09:00,720 Speaker 4: Like what are you doing to look to yourself? 189 00:09:00,880 --> 00:09:02,960 Speaker 2: I hate this question because I don't do self care. 190 00:09:03,720 --> 00:09:05,840 Speaker 5: Sorry, but well maybe I can kick you up the 191 00:09:05,880 --> 00:09:09,200 Speaker 5: button get you to do it, Like how many of 192 00:09:09,200 --> 00:09:12,640 Speaker 5: you do you need to experience burnout before you take 193 00:09:12,679 --> 00:09:14,320 Speaker 5: it seriously and learn from one another. 194 00:09:14,880 --> 00:09:17,719 Speaker 2: I know I recently had a couple of weeks off 195 00:09:17,760 --> 00:09:21,080 Speaker 2: because I was burnt out, And yeah, yeah, so now 196 00:09:21,120 --> 00:09:23,680 Speaker 2: I'm like, maybe I should just start using some annual 197 00:09:23,760 --> 00:09:27,240 Speaker 2: leave and using some mental health days and having baths 198 00:09:27,280 --> 00:09:31,079 Speaker 2: but yeah, it's also you feel bad for your clients though, 199 00:09:31,360 --> 00:09:33,520 Speaker 2: And even though you should be able to put work 200 00:09:34,200 --> 00:09:37,640 Speaker 2: aside and still prioritize yourself, I can't. I hate thinking 201 00:09:37,679 --> 00:09:39,520 Speaker 2: about what my clients are doing when I'm not there 202 00:09:39,880 --> 00:09:40,840 Speaker 2: to provide support. 203 00:09:40,960 --> 00:09:44,320 Speaker 4: And I think that while in a perfect world, yeah, okay, 204 00:09:44,360 --> 00:09:47,839 Speaker 4: we'll switch off and go home, like, people don't go 205 00:09:48,000 --> 00:09:50,520 Speaker 4: into that space, like you don't work in child protection 206 00:09:50,600 --> 00:09:52,480 Speaker 4: if you don't have a really high level of empathy, 207 00:09:53,040 --> 00:09:55,160 Speaker 4: like and then to expect somebody who has a high 208 00:09:55,240 --> 00:09:56,960 Speaker 4: level of empathy to be able to turn that off, 209 00:09:57,040 --> 00:09:59,800 Speaker 4: like absolutely not, which is why I'm always like, cool, 210 00:10:00,000 --> 00:10:01,960 Speaker 4: what are you doing for self care? Because like you 211 00:10:02,040 --> 00:10:04,480 Speaker 4: can't just turn off and say it'll be fine, Like 212 00:10:04,520 --> 00:10:07,040 Speaker 4: I feel like that's such a nineteen fifties way of working, 213 00:10:07,400 --> 00:10:10,040 Speaker 4: Like yep, you just do this and that, Like sorry, 214 00:10:10,040 --> 00:10:11,800 Speaker 4: you do take work home, and I'm sure you're like 215 00:10:11,840 --> 00:10:13,520 Speaker 4: going home to your partner being like oh my god, 216 00:10:13,559 --> 00:10:15,800 Speaker 4: today was rough or today was amazing or whatever, Like 217 00:10:16,440 --> 00:10:18,760 Speaker 4: we feel the highs with our clients as well as 218 00:10:18,760 --> 00:10:20,719 Speaker 4: the lows, like and you don't just get to get 219 00:10:20,760 --> 00:10:22,640 Speaker 4: out of your car and be like, right, well, what 220 00:10:22,679 --> 00:10:25,520 Speaker 4: am I cooking for dinner, like it impacts the rest 221 00:10:25,559 --> 00:10:26,559 Speaker 4: of your day, right. 222 00:10:26,559 --> 00:10:29,080 Speaker 2: Yeah, one hundred percent. And like sometimes I might have 223 00:10:29,160 --> 00:10:31,560 Speaker 2: to go to court and prepare a court report within 224 00:10:31,679 --> 00:10:34,800 Speaker 2: like an hour, and then I'm presenting a court the 225 00:10:34,920 --> 00:10:36,200 Speaker 2: end of the day. I might have to pick up 226 00:10:36,200 --> 00:10:39,360 Speaker 2: a client from no, like three hours away to remove 227 00:10:39,360 --> 00:10:42,000 Speaker 2: them from a placement. So sometimes you get home at 228 00:10:42,040 --> 00:10:44,120 Speaker 2: like ten o'clock at night and then you're back there 229 00:10:44,160 --> 00:10:46,560 Speaker 2: at like seven o'clock the next morning. So yeah, it 230 00:10:46,640 --> 00:10:48,280 Speaker 2: is hectic, but it's good. 231 00:10:48,440 --> 00:10:51,480 Speaker 4: See you're an icon, Like it just sounds like such 232 00:10:51,480 --> 00:10:55,360 Speaker 4: a rewarding career, Like I'm such a kids person as well, 233 00:10:55,400 --> 00:10:57,640 Speaker 4: Like I genuinely like I look at your role in 234 00:10:57,679 --> 00:10:59,160 Speaker 4: and go, do you know, I don't think I could 235 00:10:59,160 --> 00:11:02,360 Speaker 4: do it. I think I would get so invested in 236 00:11:02,440 --> 00:11:05,040 Speaker 4: it that it would break me so quickly. And like 237 00:11:05,480 --> 00:11:08,880 Speaker 4: I wish I had that tenacity and that ability. I 238 00:11:08,880 --> 00:11:10,560 Speaker 4: always look at roles like this and I'm like, you 239 00:11:10,600 --> 00:11:13,920 Speaker 4: are such a special human being. Like I did psychology 240 00:11:13,960 --> 00:11:16,800 Speaker 4: as well, and like the child stuff killed me, Like 241 00:11:16,920 --> 00:11:19,480 Speaker 4: I just, oh my lord, I was like, what do 242 00:11:19,520 --> 00:11:21,280 Speaker 4: you mean we have to do family studies? What do 243 00:11:21,320 --> 00:11:24,440 Speaker 4: you mean families do this absolutely, not like I'm so 244 00:11:24,640 --> 00:11:28,040 Speaker 4: privileged to have been very sheltered growing up in that respect, 245 00:11:28,360 --> 00:11:31,640 Speaker 4: but I just I'm very in awe. So talk to me. 246 00:11:32,120 --> 00:11:35,160 Speaker 4: What do you get paid if you work in child protection? 247 00:11:35,440 --> 00:11:39,320 Speaker 2: So it starts at different salaries based on your qualifications 248 00:11:39,320 --> 00:11:41,920 Speaker 2: and your experience, but I'm currently on about one hundred 249 00:11:41,960 --> 00:11:43,120 Speaker 2: and two thousand dollars a year. 250 00:11:43,200 --> 00:11:46,520 Speaker 4: Oh, that's pretty good, especially if you've only been in 251 00:11:46,559 --> 00:11:49,320 Speaker 4: it for like I would say, relatively short period of time. 252 00:11:49,360 --> 00:11:52,200 Speaker 4: And what does your I guess career trajectory look like 253 00:11:52,320 --> 00:11:52,960 Speaker 4: longer term? 254 00:11:53,120 --> 00:11:55,280 Speaker 2: So it depends, Like if you've become like a deputy 255 00:11:55,360 --> 00:11:58,280 Speaker 2: area operations manager, you're looking at about one hundred and 256 00:11:58,320 --> 00:11:59,480 Speaker 2: eighty thousand dollars a year. 257 00:11:59,559 --> 00:12:02,280 Speaker 4: Hey, that that's a good ink, I mean deserved for 258 00:12:02,360 --> 00:12:04,760 Speaker 4: that space. I would argue that it needs to be 259 00:12:04,760 --> 00:12:07,000 Speaker 4: even better paid, but like, that's a good salary. 260 00:12:07,280 --> 00:12:09,920 Speaker 2: Yeah, and it's state GUB so it's very secure as well. 261 00:12:10,040 --> 00:12:13,000 Speaker 4: Yeah, and talk to me about stupranuation. Is that like 262 00:12:13,520 --> 00:12:16,400 Speaker 4: at standard rates or is it more because it's government. 263 00:12:16,400 --> 00:12:18,400 Speaker 4: I don't know how that part of government works. 264 00:12:18,640 --> 00:12:21,760 Speaker 2: Yeah, so it's slightly more. I believe I'm at like 265 00:12:21,760 --> 00:12:24,360 Speaker 2: about twelve point four percent. Oh, very nice, which is 266 00:12:24,360 --> 00:12:25,160 Speaker 2: pretty good. Yeah. 267 00:12:25,200 --> 00:12:27,280 Speaker 4: I mean we're not going to be upset about that, 268 00:12:27,880 --> 00:12:30,280 Speaker 4: So talk to me now, because like, I feel like 269 00:12:30,360 --> 00:12:34,960 Speaker 4: your whole career and like your life plan has like changed, right, 270 00:12:35,040 --> 00:12:36,960 Speaker 4: So You've gone from being like, this is my career 271 00:12:37,000 --> 00:12:39,680 Speaker 4: I moving to Canberra in the bottom of your letter 272 00:12:39,720 --> 00:12:42,160 Speaker 4: in you actually said I'm now living with my boyfriend 273 00:12:42,160 --> 00:12:44,959 Speaker 4: and we just bought our first investment property. I need 274 00:12:44,960 --> 00:12:46,640 Speaker 4: to know. Did you have this boyfriend when you moved 275 00:12:46,640 --> 00:12:47,160 Speaker 4: to Canberra. 276 00:12:47,480 --> 00:12:47,640 Speaker 2: No? 277 00:12:47,840 --> 00:12:49,960 Speaker 4: I did not, So then you like moved home and 278 00:12:50,000 --> 00:12:52,720 Speaker 4: your entire life is completely different to what your career 279 00:12:52,800 --> 00:12:55,480 Speaker 4: was meant to be in camera. Within literally one week, 280 00:12:55,960 --> 00:12:57,760 Speaker 4: you came home and you were like, well, hello, so 281 00:12:57,920 --> 00:12:58,920 Speaker 4: tell me how did you meet? 282 00:12:59,040 --> 00:12:59,240 Speaker 2: Yeah? 283 00:12:59,280 --> 00:13:01,600 Speaker 4: So we met on Yeah cute. I met my husband 284 00:13:01,679 --> 00:13:03,400 Speaker 4: on Tinder. So I'm all about the online dating. 285 00:13:03,800 --> 00:13:08,120 Speaker 2: I was very much against dating apps. Why it works, 286 00:13:08,520 --> 00:13:10,640 Speaker 2: I know, but I'd never been on one before. This 287 00:13:10,679 --> 00:13:12,520 Speaker 2: is the first time I ever used it, so now 288 00:13:12,559 --> 00:13:14,800 Speaker 2: I can't really diss them because it worked for me. 289 00:13:15,040 --> 00:13:17,360 Speaker 4: It's annoying, isn't it? And like I met my husband 290 00:13:17,360 --> 00:13:19,960 Speaker 4: more than ten years ago now on Tinder and back 291 00:13:20,000 --> 00:13:22,640 Speaker 4: then that was not cool, Like that was that was 292 00:13:22,679 --> 00:13:25,520 Speaker 4: loser behavior Victoria to Vine And now I'm like, no, 293 00:13:25,559 --> 00:13:27,439 Speaker 4: it's cool. Everyone should be on it. But like there 294 00:13:27,440 --> 00:13:30,040 Speaker 4: still seems to be this massive stigma. But I'm sorry. 295 00:13:30,200 --> 00:13:32,439 Speaker 4: I found somebody who wanted exactly what I wanted out 296 00:13:32,480 --> 00:13:33,920 Speaker 4: of life, and I'm the winner here. 297 00:13:34,360 --> 00:13:37,200 Speaker 2: Yeah. No, it worked out very, very well. But he 298 00:13:37,280 --> 00:13:39,480 Speaker 2: lived in the Yarra Valley and I was in the 299 00:13:39,559 --> 00:13:41,480 Speaker 2: Moynton Peninsula, so it was quite a drive. 300 00:13:41,600 --> 00:13:42,559 Speaker 4: Oh that's a hike. 301 00:13:43,080 --> 00:13:45,960 Speaker 2: Yeah, so we made it work. I'd be doing that 302 00:13:46,040 --> 00:13:48,760 Speaker 2: drive like three times a week and vice versa, just 303 00:13:48,800 --> 00:13:51,440 Speaker 2: to see each other. But we'd literally been talking for 304 00:13:51,480 --> 00:13:55,160 Speaker 2: twenty four hours and then I met him the following 305 00:13:55,240 --> 00:13:57,000 Speaker 2: day and then he asked me out straight away. 306 00:13:57,160 --> 00:14:00,000 Speaker 4: I mean he knew what he wanted. Yeah, that's very 307 00:14:00,720 --> 00:14:03,160 Speaker 4: So talk to me, now, what are your big money goals? 308 00:14:03,160 --> 00:14:04,679 Speaker 4: What are you working towards? Because you did say that 309 00:14:04,720 --> 00:14:07,480 Speaker 4: you've just bought your first ever investment property, which is 310 00:14:07,520 --> 00:14:10,680 Speaker 4: really cool, but like financially, what are you working towards? 311 00:14:10,720 --> 00:14:13,680 Speaker 4: Because I feel like maybe this relationship went pretty hard 312 00:14:13,720 --> 00:14:16,360 Speaker 4: pretty fast and we might be talking about long term stuff. 313 00:14:16,559 --> 00:14:19,520 Speaker 2: Yes, So we want to look at getting our family 314 00:14:19,560 --> 00:14:22,600 Speaker 2: home within the next couple of years, so whether we 315 00:14:22,760 --> 00:14:26,920 Speaker 2: build or buy still undecided. And my boyfriend would also 316 00:14:27,080 --> 00:14:30,080 Speaker 2: like to start a business, so yeah, we're probably going 317 00:14:30,120 --> 00:14:32,520 Speaker 2: to be looking at doing that. So he's a physiotherapist. 318 00:14:32,640 --> 00:14:35,920 Speaker 4: Oh, very cool. So both in like caring types of roles. 319 00:14:36,000 --> 00:14:39,840 Speaker 4: I love this. So family home. Is that what you're 320 00:14:39,880 --> 00:14:43,280 Speaker 4: currently saving towards? Or are there any other financial goals 321 00:14:43,440 --> 00:14:44,320 Speaker 4: like in the works. 322 00:14:44,560 --> 00:14:46,840 Speaker 2: Probably just the family home at this point in time 323 00:14:46,840 --> 00:14:49,080 Speaker 2: because obviously now we've already got a mortgage, so we're 324 00:14:49,120 --> 00:14:51,160 Speaker 2: going to have to save up even more to get. 325 00:14:51,000 --> 00:14:54,400 Speaker 4: You a bit strapped in. I totally get that, all right, 326 00:14:54,440 --> 00:14:56,680 Speaker 4: I have so many questions. Let's go to a really 327 00:14:56,760 --> 00:14:58,480 Speaker 4: quick break because on the flip side, I'm going to 328 00:14:58,480 --> 00:15:01,280 Speaker 4: be asking you so much more about that investment property. Guys, 329 00:15:01,320 --> 00:15:07,320 Speaker 4: don't go anywhere, all right, money dis We are back 330 00:15:07,360 --> 00:15:09,920 Speaker 4: and I want to talk about investments, but specifically I 331 00:15:09,920 --> 00:15:13,040 Speaker 4: want to talk about your investment property. First. How did 332 00:15:13,080 --> 00:15:14,960 Speaker 4: you guys decide, all right, we're going to buy an 333 00:15:15,000 --> 00:15:17,960 Speaker 4: investment property instead of a you know, like a house 334 00:15:17,960 --> 00:15:20,080 Speaker 4: to move into or an apartment you could have lived 335 00:15:20,080 --> 00:15:23,280 Speaker 4: in or even just saved and traveled. Like where did 336 00:15:23,320 --> 00:15:23,920 Speaker 4: that come from? 337 00:15:24,120 --> 00:15:28,080 Speaker 2: Yeah? So we were initially wanting to buy our own house, 338 00:15:28,160 --> 00:15:31,320 Speaker 2: but when we were looking at what was available because 339 00:15:31,320 --> 00:15:34,400 Speaker 2: we are living in the Ara Valley, we didn't really 340 00:15:34,600 --> 00:15:37,120 Speaker 2: like what was on the market at the time, and 341 00:15:37,160 --> 00:15:39,600 Speaker 2: there was always some things that we'd want to change. 342 00:15:39,800 --> 00:15:42,720 Speaker 2: And my partner ran the numbers and he was like, well, 343 00:15:42,720 --> 00:15:45,040 Speaker 2: it's actually cheaper for us to rent them buy and 344 00:15:45,120 --> 00:15:47,840 Speaker 2: I'd rather invest it and then we can build or 345 00:15:47,880 --> 00:15:50,640 Speaker 2: buy something that we really love later. Yeah. 346 00:15:50,680 --> 00:15:53,240 Speaker 4: No, it's actually I feel like for a lot of 347 00:15:53,240 --> 00:15:56,280 Speaker 4: people in your age demographic, a decision that so many 348 00:15:56,320 --> 00:15:59,080 Speaker 4: more people are making. And is the plan to hold 349 00:15:59,120 --> 00:16:01,600 Speaker 4: that property for a long period of time or is 350 00:16:01,640 --> 00:16:04,040 Speaker 4: it to like increase in value, sell that, get into 351 00:16:04,040 --> 00:16:06,360 Speaker 4: your family home, or like what's the or do you 352 00:16:06,400 --> 00:16:07,760 Speaker 4: have an idea of long term plans? 353 00:16:07,800 --> 00:16:09,680 Speaker 2: Yet it would be to hold that would be the 354 00:16:09,720 --> 00:16:12,080 Speaker 2: ideal situation. So if we can hold that and then 355 00:16:12,120 --> 00:16:15,640 Speaker 2: build and use equity that we accumulate through that property, 356 00:16:15,880 --> 00:16:16,600 Speaker 2: then we'd do that. 357 00:16:16,800 --> 00:16:19,680 Speaker 4: Yeah. Love, and talk to me about any other investment. 358 00:16:19,760 --> 00:16:22,120 Speaker 4: Are you investing in any way, shape or form at 359 00:16:22,120 --> 00:16:22,480 Speaker 4: the moment? 360 00:16:22,640 --> 00:16:24,800 Speaker 2: Yeah, So I've got some shares in the S and 361 00:16:24,840 --> 00:16:28,000 Speaker 2: P five hundred, and then I also use the Raise app, 362 00:16:28,040 --> 00:16:30,400 Speaker 2: which I love. I've been using that for a long 363 00:16:30,400 --> 00:16:33,960 Speaker 2: long time, and I've got a really nice portfolio there. 364 00:16:34,120 --> 00:16:37,400 Speaker 2: I've got a balanced across like ASX two hundred, SMP 365 00:16:37,560 --> 00:16:39,720 Speaker 2: five hundred and all the rest of it. So that's good. 366 00:16:40,120 --> 00:16:43,880 Speaker 2: My partner also invests in Chersias, so he's a key week. 367 00:16:43,720 --> 00:16:45,200 Speaker 4: A friend from across the ditch. 368 00:16:45,520 --> 00:16:49,560 Speaker 2: Yes he is. So Yeah, between us, we've got a 369 00:16:49,600 --> 00:16:52,080 Speaker 2: decent amount, I would say for our age, which is good. 370 00:16:52,160 --> 00:16:54,440 Speaker 4: I love that. What's that look like though, because what's 371 00:16:54,440 --> 00:16:56,840 Speaker 4: a decent amount for a twenty six year old? I 372 00:16:56,840 --> 00:16:58,600 Speaker 4: feel like you're a hustler. I feel like I'm about 373 00:16:58,640 --> 00:17:01,080 Speaker 4: to be surprised you have an investment property is twenty six. 374 00:17:01,120 --> 00:17:02,160 Speaker 4: I shouldn't be surprised. 375 00:17:03,120 --> 00:17:07,800 Speaker 2: Well, I guess with me. In investments, I've got about 376 00:17:07,840 --> 00:17:08,760 Speaker 2: seventy thousand. 377 00:17:08,960 --> 00:17:12,760 Speaker 4: Jeez, Luise, look at you go, and. 378 00:17:12,720 --> 00:17:14,960 Speaker 2: My boyfriend has about fifty thousand. 379 00:17:15,160 --> 00:17:18,560 Speaker 4: Oh my goodness, you guys are going to be financially set. 380 00:17:18,840 --> 00:17:20,440 Speaker 4: I'm sorry, can we just take a step back? How 381 00:17:20,440 --> 00:17:23,560 Speaker 4: did you get to seventy thousand dollars? At twenty six 382 00:17:23,640 --> 00:17:26,240 Speaker 4: and also like not have to dispose of all of 383 00:17:26,240 --> 00:17:28,600 Speaker 4: that to buy an investment property, Like that's the Lulu, 384 00:17:29,200 --> 00:17:30,119 Speaker 4: that's very cool. 385 00:17:30,240 --> 00:17:34,920 Speaker 2: Yeah, So in COVID we bought a lot while everything 386 00:17:35,000 --> 00:17:37,320 Speaker 2: was down and this obviously we didn't know each other then, 387 00:17:37,640 --> 00:17:39,359 Speaker 2: but we just did it because I was like, I 388 00:17:39,400 --> 00:17:42,320 Speaker 2: think this will work out. And then also we did 389 00:17:42,320 --> 00:17:44,919 Speaker 2: sell some assets as well recently, Like I had some 390 00:17:45,040 --> 00:17:47,480 Speaker 2: gold which I sold and put it into S and 391 00:17:47,520 --> 00:17:50,760 Speaker 2: P five hundred just because I've still got some So 392 00:17:50,960 --> 00:17:53,040 Speaker 2: I was like, look at this point in case we 393 00:17:53,080 --> 00:17:54,800 Speaker 2: need to pull it out, I've got it there ready 394 00:17:54,840 --> 00:17:55,080 Speaker 2: to go. 395 00:17:55,200 --> 00:17:55,960 Speaker 4: I'm obsessed. 396 00:17:56,160 --> 00:17:59,760 Speaker 2: And also salary packaging was really really helpful, which I 397 00:18:00,160 --> 00:18:02,239 Speaker 2: think a lot of people realize how much you can 398 00:18:02,280 --> 00:18:05,120 Speaker 2: actually gain. Like through salary packaging, I get an extra 399 00:18:05,119 --> 00:18:06,080 Speaker 2: about twenty grand a year. 400 00:18:06,240 --> 00:18:09,520 Speaker 4: Yeah that's so early. And salary packaging just for everyone listening. 401 00:18:09,800 --> 00:18:11,959 Speaker 4: Isn't available to everybody, but it would be to you 402 00:18:12,000 --> 00:18:15,160 Speaker 4: because you work in a government based role. So tell 403 00:18:15,160 --> 00:18:16,959 Speaker 4: me a bit about how that worked. What are you 404 00:18:17,000 --> 00:18:17,840 Speaker 4: salary packaging? 405 00:18:18,080 --> 00:18:22,520 Speaker 2: So I put a certain amount towards the mortgage, so 406 00:18:22,600 --> 00:18:26,120 Speaker 2: that gets put back into my account the day after payday, 407 00:18:26,240 --> 00:18:29,000 Speaker 2: so then that will go straight onto in our offset account. 408 00:18:29,359 --> 00:18:31,640 Speaker 2: And then I've also got like a living expenses card 409 00:18:31,680 --> 00:18:34,320 Speaker 2: which the other half goes on to. So it saves 410 00:18:34,320 --> 00:18:37,359 Speaker 2: me about eight hundred dollars in tax per pay cycle, 411 00:18:37,359 --> 00:18:39,680 Speaker 2: which is like adds up to be a significant amount. 412 00:18:40,119 --> 00:18:43,040 Speaker 2: And then each week I live off that pay wise card, 413 00:18:43,200 --> 00:18:45,640 Speaker 2: that one card, so I don't touch my other accounts. 414 00:18:45,640 --> 00:18:46,960 Speaker 2: I just live off whatever's put there. 415 00:18:47,119 --> 00:18:49,480 Speaker 4: She's built to become an investor. You're going to be 416 00:18:49,520 --> 00:18:50,000 Speaker 4: really rich. 417 00:18:50,040 --> 00:18:50,399 Speaker 2: I love it. 418 00:18:50,400 --> 00:18:53,080 Speaker 4: Please don't forget me when you're really rich, So talk 419 00:18:53,160 --> 00:18:56,680 Speaker 4: to me about debts. So you bought your first investment 420 00:18:56,720 --> 00:18:59,040 Speaker 4: property together. I want the juicy details. How much did 421 00:18:59,080 --> 00:19:01,800 Speaker 4: it cost? Is your mortgage all of that? 422 00:19:02,280 --> 00:19:05,320 Speaker 2: Yeah? So it cost six hundred and fifty thousand dollars 423 00:19:05,760 --> 00:19:09,840 Speaker 2: per house and land package. So that was really quite 424 00:19:09,960 --> 00:19:12,080 Speaker 2: reasonable for us because obviously joint. 425 00:19:11,960 --> 00:19:13,879 Speaker 4: Income, yeah to get land. 426 00:19:14,240 --> 00:19:16,560 Speaker 2: Yeah, house and land. Yeah, we got a really good deal. 427 00:19:16,680 --> 00:19:20,080 Speaker 2: So that was awesome. So repayments are about three thousand 428 00:19:20,119 --> 00:19:20,480 Speaker 2: a month? 429 00:19:20,600 --> 00:19:23,200 Speaker 4: And what kind of deposit did you have to get started? 430 00:19:23,320 --> 00:19:24,800 Speaker 2: We put down one hundred thousand dollars. 431 00:19:24,960 --> 00:19:28,560 Speaker 4: Very cool, and you saved that together I'm assuming yep, yes, yeah, 432 00:19:28,680 --> 00:19:30,679 Speaker 4: very cool. So one hundred grand that means is your 433 00:19:30,680 --> 00:19:33,600 Speaker 4: mortgage sitting at about five point fifty or have you 434 00:19:33,640 --> 00:19:34,600 Speaker 4: smashed some down? 435 00:19:34,760 --> 00:19:37,520 Speaker 2: No, we only just settled, so we haven't really made 436 00:19:37,840 --> 00:19:39,800 Speaker 2: any payments yet. Oh exciting. 437 00:19:40,119 --> 00:19:43,359 Speaker 4: So a five point fifty mortgage that is very reasonable, 438 00:19:43,480 --> 00:19:45,680 Speaker 4: and like with your financial habits, I think you guys 439 00:19:45,680 --> 00:19:48,800 Speaker 4: are going to be just fine. Tell me about the 440 00:19:48,840 --> 00:19:51,840 Speaker 4: plan for that. Are you then leasing that property out? 441 00:19:52,080 --> 00:19:55,240 Speaker 2: Yes, we will, so that should be ready Q one 442 00:19:55,840 --> 00:19:59,119 Speaker 2: next year latest. So yeah, we'll just rent that out immediately. 443 00:19:59,200 --> 00:20:00,960 Speaker 4: And if you worked out like what kind of rent 444 00:20:01,000 --> 00:20:03,600 Speaker 4: you can get on that before you even like signed 445 00:20:03,640 --> 00:20:05,760 Speaker 4: the contract or is that something that you're like, No, 446 00:20:05,880 --> 00:20:07,840 Speaker 4: we just know that that property is fine and we'll 447 00:20:07,840 --> 00:20:09,760 Speaker 4: take whatever rent. Like, what's the thought pattern there? 448 00:20:09,880 --> 00:20:13,040 Speaker 2: Yeah? No, we went through a real estate firm and 449 00:20:13,119 --> 00:20:16,040 Speaker 2: also with our mortgage broker, so it works out like 450 00:20:16,240 --> 00:20:17,560 Speaker 2: minimum six fifty a week. 451 00:20:17,760 --> 00:20:22,119 Speaker 4: Oh, how good. That's pretty good rental yield. I'm so 452 00:20:22,240 --> 00:20:25,840 Speaker 4: excited for you guys. Talk to me about any other debts. 453 00:20:25,960 --> 00:20:27,960 Speaker 4: Is that something that I feel like you're going to say? No, 454 00:20:28,280 --> 00:20:29,840 Speaker 4: I just feel like you're good at money. 455 00:20:30,040 --> 00:20:33,679 Speaker 2: I don't personally have any debts. I actually ended up 456 00:20:33,720 --> 00:20:36,480 Speaker 2: getting a scholarship for UNI, so I was very lucky. 457 00:20:36,520 --> 00:20:38,560 Speaker 2: I never had a hex sit. I love that for you. 458 00:20:38,720 --> 00:20:41,520 Speaker 2: And my boyfriend has paid off his hex stet as well. 459 00:20:41,640 --> 00:20:44,439 Speaker 4: Oh how good. So talk to me about where did 460 00:20:44,440 --> 00:20:46,640 Speaker 4: you get so good at money? Like, I mean, you've 461 00:20:46,680 --> 00:20:49,160 Speaker 4: got a military based family, so I feel like they 462 00:20:49,200 --> 00:20:51,439 Speaker 4: were probably pretty like this is how it's going This 463 00:20:51,560 --> 00:20:54,119 Speaker 4: is what's going on. But tell me about growing up, Like, 464 00:20:54,520 --> 00:20:56,720 Speaker 4: is money something you guys spoke about a lot, because 465 00:20:56,760 --> 00:20:58,960 Speaker 4: like you're twenty six, and the way that you're talking 466 00:20:59,000 --> 00:21:02,240 Speaker 4: about money, you are so articulate. You are clearly incredibly intelligent. 467 00:21:02,280 --> 00:21:04,399 Speaker 4: But like the fact that you're like, look, this is 468 00:21:04,400 --> 00:21:06,960 Speaker 4: what I do. I'm investing in the SMP like top 469 00:21:07,000 --> 00:21:10,240 Speaker 4: five hundred, like salary package for my mortgage and my 470 00:21:10,280 --> 00:21:13,359 Speaker 4: living expenses. Like please stop, like you're crazy, Like in 471 00:21:13,400 --> 00:21:16,560 Speaker 4: the best possible way. How did you get here babe? 472 00:21:16,920 --> 00:21:18,400 Speaker 2: Through a lot of mistakes? Oh? 473 00:21:18,440 --> 00:21:20,400 Speaker 4: I love that honesty is the best policy. 474 00:21:20,560 --> 00:21:22,359 Speaker 2: Like if you asked me like three years ago, I 475 00:21:22,400 --> 00:21:23,919 Speaker 2: would have given myself like a D minus. 476 00:21:24,240 --> 00:21:27,119 Speaker 4: Really, so tell me how do you turn it around 477 00:21:27,200 --> 00:21:28,240 Speaker 4: so quick? Well? 478 00:21:28,280 --> 00:21:31,679 Speaker 2: Growing up, my mum never really spoke about money, not 479 00:21:31,720 --> 00:21:34,480 Speaker 2: because she didn't want to. She's just always she kind 480 00:21:34,480 --> 00:21:36,040 Speaker 2: of grew up in that time where it was just 481 00:21:36,080 --> 00:21:38,680 Speaker 2: like guys who did it. So my dad was really good. 482 00:21:38,680 --> 00:21:41,320 Speaker 2: He's got accounting finance degree, so he was always the 483 00:21:41,359 --> 00:21:44,479 Speaker 2: go to. But we wouldn't just talk about it for 484 00:21:44,520 --> 00:21:46,000 Speaker 2: the sake of it. If I had a question, I 485 00:21:46,000 --> 00:21:48,119 Speaker 2: could definitely ask them and they tell me because they 486 00:21:48,200 --> 00:21:51,560 Speaker 2: had investment properties and everything, which is why I kind 487 00:21:51,560 --> 00:21:54,199 Speaker 2: of learned about them, But it wasn't something we'd discuss 488 00:21:54,280 --> 00:21:56,800 Speaker 2: over dinner. And Dad was always kind of like, oh, 489 00:21:56,840 --> 00:22:00,400 Speaker 2: it's fine, you'll learn it, but you don't. And then 490 00:22:00,440 --> 00:22:02,520 Speaker 2: you get your first paycheck and you're like, oh my god, 491 00:22:02,520 --> 00:22:04,760 Speaker 2: I'm so rich. I'm going to go buy some lubatons 492 00:22:04,960 --> 00:22:07,199 Speaker 2: and then all of a sudden, you have no money. 493 00:22:08,280 --> 00:22:09,240 Speaker 2: The next week. 494 00:22:09,280 --> 00:22:11,440 Speaker 4: You're like, what the hell? I thought this was endless? 495 00:22:11,680 --> 00:22:14,160 Speaker 2: Yeah, And then you I remember when I was little, 496 00:22:14,200 --> 00:22:15,720 Speaker 2: like we used to go feel like petrol and I 497 00:22:15,760 --> 00:22:17,560 Speaker 2: was like, oh my god, a dollar eighty that is 498 00:22:17,640 --> 00:22:19,560 Speaker 2: so cheap. And now I see a dollar eighty and 499 00:22:19,600 --> 00:22:21,800 Speaker 2: I have a heart attack. It's like you just don't 500 00:22:21,800 --> 00:22:23,280 Speaker 2: realize until you're living it. 501 00:22:23,359 --> 00:22:24,400 Speaker 4: One hundred percent. 502 00:22:24,600 --> 00:22:26,600 Speaker 2: Yeah, But I would just spend id just go shopping 503 00:22:26,640 --> 00:22:28,600 Speaker 2: all the time. I just would not care because I'm like, 504 00:22:28,640 --> 00:22:30,520 Speaker 2: I'm young, it doesn't matter. I can just do what 505 00:22:30,560 --> 00:22:34,600 Speaker 2: I want. It's still coming in. But then once that 506 00:22:34,800 --> 00:22:38,399 Speaker 2: happened with the military, I was like, something needs to change, 507 00:22:38,440 --> 00:22:40,480 Speaker 2: Like I should have way more savings than I do, 508 00:22:41,200 --> 00:22:45,240 Speaker 2: because I got down to like maybe like twenty thousand 509 00:22:45,240 --> 00:22:47,160 Speaker 2: dollars from having over fifty. 510 00:22:47,400 --> 00:22:48,960 Speaker 4: Yeah, and like that's stressful. 511 00:22:49,000 --> 00:22:51,480 Speaker 2: So in that short amount of time, I'd spend like 512 00:22:51,560 --> 00:22:52,560 Speaker 2: thirty grand. 513 00:22:52,359 --> 00:22:54,760 Speaker 4: Because you were probably still spending, and like, we know 514 00:22:54,960 --> 00:22:57,920 Speaker 4: that you're going to continue spending to make yourself feel 515 00:22:57,960 --> 00:22:59,760 Speaker 4: better as well. So I'm assuming that there were a 516 00:22:59,840 --> 00:23:02,640 Speaker 4: few like let's call it therapy purchase is in there 517 00:23:02,680 --> 00:23:04,520 Speaker 4: as well, because you're like I feel like trash, I'm 518 00:23:04,520 --> 00:23:06,159 Speaker 4: going to go shopping today or I'm going to do 519 00:23:06,240 --> 00:23:08,199 Speaker 4: this all that. I'm like you kind of go, oh, 520 00:23:08,240 --> 00:23:10,679 Speaker 4: I've got fifty grand in the bank. I'm fine, But 521 00:23:10,800 --> 00:23:13,480 Speaker 4: like all those small decisions, you start to go, hold on, 522 00:23:13,520 --> 00:23:15,520 Speaker 4: hold on, hold on, where's my money filtering too? 523 00:23:15,800 --> 00:23:17,879 Speaker 2: Yeah, and still wanting to see friends, like still going 524 00:23:17,920 --> 00:23:20,360 Speaker 2: out for really nice dinners, still paying for petrol, still 525 00:23:20,359 --> 00:23:23,400 Speaker 2: paying for car services, like it doesn't stop. And even 526 00:23:23,400 --> 00:23:25,440 Speaker 2: though I was living at home, which is luckier than 527 00:23:26,040 --> 00:23:29,360 Speaker 2: most people, it was still like really hit my bank account. 528 00:23:29,359 --> 00:23:31,119 Speaker 2: Oh and I kind of just flipped. I was like, 529 00:23:31,160 --> 00:23:33,280 Speaker 2: I need to fix this entire thing. So then I 530 00:23:33,359 --> 00:23:37,280 Speaker 2: kind of just got really frugal and locked down, made 531 00:23:37,359 --> 00:23:39,119 Speaker 2: up my old spreadsheet and budgeted. 532 00:23:39,280 --> 00:23:39,520 Speaker 5: Yeah. 533 00:23:39,520 --> 00:23:41,800 Speaker 4: And that's how you've gone from being like, hey, I'm 534 00:23:41,840 --> 00:23:43,479 Speaker 4: actually not that and I mean you were pretty good 535 00:23:43,520 --> 00:23:45,800 Speaker 4: at savings before. I don't want people listening to this 536 00:23:45,880 --> 00:23:48,080 Speaker 4: and being like, oh, she was fine, she had twenty 537 00:23:48,119 --> 00:23:50,600 Speaker 4: thousand in the back. Yeah totally, but like for someone 538 00:23:50,600 --> 00:23:54,000 Speaker 4: who had fifty, it's so stressful watching your money go down. 539 00:23:54,160 --> 00:23:57,040 Speaker 4: And yes, some people don't even have twenty and that's fine, 540 00:23:57,080 --> 00:24:01,159 Speaker 4: But we're just talking about one individual's personal story. And 541 00:24:01,200 --> 00:24:03,720 Speaker 4: I think that's what's so beautiful about money diaries, right, 542 00:24:03,840 --> 00:24:06,159 Speaker 4: I just go, how cool you're sharing all of this 543 00:24:06,359 --> 00:24:08,359 Speaker 4: with us so that we can learn. But to go 544 00:24:08,440 --> 00:24:11,960 Speaker 4: from that to having seventy granding chares to them being 545 00:24:12,000 --> 00:24:15,240 Speaker 4: able to buy your first home or your first investment property, 546 00:24:15,359 --> 00:24:19,040 Speaker 4: like that is a flip my friend like, that is 547 00:24:19,200 --> 00:24:22,240 Speaker 4: very cool. What do you think is like your best 548 00:24:22,320 --> 00:24:26,240 Speaker 4: money habit, Like what helped you lock in the best. 549 00:24:25,800 --> 00:24:30,760 Speaker 2: I would say definitely paying myself first and automating all 550 00:24:30,800 --> 00:24:34,080 Speaker 2: my finances when I get paid, so making sure I've 551 00:24:34,119 --> 00:24:35,680 Speaker 2: got because I've got my different accounts. I've got a 552 00:24:35,720 --> 00:24:37,960 Speaker 2: joint account when my partner, I've got the account my 553 00:24:38,000 --> 00:24:40,919 Speaker 2: salary goes into, and then I've got my savings account, 554 00:24:41,119 --> 00:24:44,040 Speaker 2: so making sure it's really equally divided. I always use 555 00:24:44,080 --> 00:24:47,040 Speaker 2: like shop back raise as I said as well, I'm 556 00:24:47,080 --> 00:24:49,080 Speaker 2: really good at discount codes. I'll always find a discount 557 00:24:49,119 --> 00:24:51,399 Speaker 2: code for something. I just never pay full price unless 558 00:24:51,440 --> 00:24:54,960 Speaker 2: I absolutely have to. And I think something really interesting 559 00:24:54,960 --> 00:24:57,080 Speaker 2: that I learned, especially in the buying process, is that 560 00:24:57,200 --> 00:24:59,920 Speaker 2: some professions don't have to pay lender's mortgage insurance. 561 00:25:00,080 --> 00:25:00,560 Speaker 4: They don't. 562 00:25:00,760 --> 00:25:03,199 Speaker 2: I never knew, and then I found out that my 563 00:25:03,240 --> 00:25:05,080 Speaker 2: boyfriend could get it as a physio, and I was like, 564 00:25:05,119 --> 00:25:06,760 Speaker 2: this is great. So we paid no LMI. 565 00:25:07,000 --> 00:25:09,679 Speaker 4: A lot of health professionals get to have like a 566 00:25:09,720 --> 00:25:12,280 Speaker 4: ten percent deposit and then we can wave the LMI. 567 00:25:12,600 --> 00:25:14,800 Speaker 4: So if you're listening and you're like, oh, that could 568 00:25:14,840 --> 00:25:17,120 Speaker 4: be me, like check with a broker because we can 569 00:25:17,119 --> 00:25:20,439 Speaker 4: tell you, like it's something that you're like, oh my goodness, 570 00:25:20,480 --> 00:25:23,159 Speaker 4: I didn't realize that banks would be so lenient. But 571 00:25:23,240 --> 00:25:24,240 Speaker 4: it's nice, isn't it. 572 00:25:24,520 --> 00:25:26,359 Speaker 2: Yeah, it was amazing because that saved us. 573 00:25:26,440 --> 00:25:29,280 Speaker 4: Yeah, a decent amount of money exactly. And like I 574 00:25:29,320 --> 00:25:32,280 Speaker 4: feel like LMI sometimes gets a bad rap because if 575 00:25:32,320 --> 00:25:34,479 Speaker 4: you need to pay it, I think sometimes when we 576 00:25:34,520 --> 00:25:37,200 Speaker 4: do the numbers, it can be better to pay l 577 00:25:37,240 --> 00:25:39,679 Speaker 4: AM I then to wait until you have the amount 578 00:25:39,680 --> 00:25:42,000 Speaker 4: of savings in your bank account to buy at the 579 00:25:42,040 --> 00:25:46,040 Speaker 4: higher deposit amount because the market has increased, like whatever. 580 00:25:46,600 --> 00:25:48,760 Speaker 4: But if you can just skip that whole thing and 581 00:25:48,800 --> 00:25:50,280 Speaker 4: not have to pay any of it, that's a good 582 00:25:50,320 --> 00:25:50,760 Speaker 4: money win. 583 00:25:51,000 --> 00:25:53,600 Speaker 2: Yeah, No, it was great. So that helped a lot 584 00:25:53,640 --> 00:25:54,080 Speaker 2: as well. 585 00:25:54,160 --> 00:25:56,159 Speaker 4: And what else do you think is keeping you at this? 586 00:25:56,320 --> 00:25:59,159 Speaker 4: Like you said you were like an amus, Like what 587 00:25:59,320 --> 00:26:01,359 Speaker 4: other good money habits? If you've got like are you 588 00:26:01,520 --> 00:26:03,800 Speaker 4: automating all of your spending? Like what happens on the 589 00:26:03,880 --> 00:26:06,200 Speaker 4: day that your salary hits your bank account? I want 590 00:26:06,200 --> 00:26:07,959 Speaker 4: to know. I just need to know the pervy details 591 00:26:07,960 --> 00:26:09,399 Speaker 4: because you are literally so good at this. 592 00:26:09,920 --> 00:26:13,919 Speaker 2: So basically we put in five hundred dollars into our 593 00:26:14,000 --> 00:26:16,800 Speaker 2: joint account each because we both earn pretty similar amount 594 00:26:16,840 --> 00:26:19,119 Speaker 2: of money, so it's much of a muchness. And then 595 00:26:19,160 --> 00:26:21,800 Speaker 2: the rest of it will put just into our savings 596 00:26:22,480 --> 00:26:26,119 Speaker 2: because we don't go over that five hundred dollars for 597 00:26:26,400 --> 00:26:30,320 Speaker 2: I guess like maybe each week we only use one 598 00:26:30,320 --> 00:26:35,040 Speaker 2: thousand dollars max. And that's like groceries, petrol, any other expenses, 599 00:26:35,080 --> 00:26:37,200 Speaker 2: and usually it's more than enough. Sometimes we don't even 600 00:26:37,280 --> 00:26:40,960 Speaker 2: touch it, so we kind of just don't take anything 601 00:26:41,040 --> 00:26:42,920 Speaker 2: out of that account and just let it sit there. 602 00:26:42,960 --> 00:26:44,760 Speaker 2: So then we don't have to put as much every 603 00:26:44,760 --> 00:26:48,800 Speaker 2: pay cycle because sometimes we might have an unexpected expense 604 00:26:48,800 --> 00:26:50,359 Speaker 2: of the house, we might need to buy something, so 605 00:26:50,359 --> 00:26:52,760 Speaker 2: then we can use that money, but we just don't 606 00:26:52,760 --> 00:26:55,520 Speaker 2: touch that. We don't touch our savings, and we've just 607 00:26:55,560 --> 00:26:58,600 Speaker 2: got our emergency fund as well, so we build that 608 00:26:58,760 --> 00:27:00,240 Speaker 2: up and then the rest of it will just go 609 00:27:00,280 --> 00:27:03,560 Speaker 2: to shares or to our investments or in offset account. 610 00:27:03,640 --> 00:27:06,280 Speaker 2: So and like I said, because I live off that 611 00:27:06,359 --> 00:27:09,800 Speaker 2: living expenses card, I'm not touching my bank account at all. 612 00:27:09,840 --> 00:27:11,760 Speaker 2: I only touch the joint account when I'm paying bills. 613 00:27:11,760 --> 00:27:14,920 Speaker 4: Do you think it helps that they're kind of completely separate, 614 00:27:15,040 --> 00:27:17,359 Speaker 4: like they sit differently. Do you feel like having it 615 00:27:17,400 --> 00:27:19,880 Speaker 4: a little bit further away means that you're less likely 616 00:27:19,920 --> 00:27:21,840 Speaker 4: to even be tempted to dip into it. 617 00:27:21,720 --> 00:27:24,800 Speaker 2: One hundred percent. One hundred percent because it doesn't feel. 618 00:27:24,520 --> 00:27:26,480 Speaker 4: Like your money anymore. You're kind of like, oh, that's 619 00:27:26,480 --> 00:27:27,800 Speaker 4: over there, I'm not meant to touch that. 620 00:27:28,000 --> 00:27:30,239 Speaker 2: Yeah, one hundred percent. It's so much easy when you've 621 00:27:30,240 --> 00:27:33,359 Speaker 2: got different bank accounts. And I think, also weirdly being 622 00:27:33,480 --> 00:27:35,560 Speaker 2: with someone else as well, I feel like I have 623 00:27:35,600 --> 00:27:37,800 Speaker 2: to be more responsible because it's not just my money, 624 00:27:37,840 --> 00:27:38,840 Speaker 2: it's also his money. 625 00:27:38,920 --> 00:27:40,760 Speaker 4: So yeah, that's the worst part. 626 00:27:42,000 --> 00:27:43,760 Speaker 2: I'm not going to go on a shopping spring. Would 627 00:27:43,760 --> 00:27:44,960 Speaker 2: I join credit card? Yeah? 628 00:27:45,000 --> 00:27:47,400 Speaker 4: That's how I got into so much consumer debt because 629 00:27:47,440 --> 00:27:49,439 Speaker 4: I was just yollow on my own and then I 630 00:27:49,440 --> 00:27:51,119 Speaker 4: have my partner and I'm like, now I feel like 631 00:27:51,240 --> 00:27:56,480 Speaker 4: I'm financially responsible. This is rude, So tell me a 632 00:27:56,520 --> 00:27:59,560 Speaker 4: little bit more. You surely have some bad money habits. 633 00:27:59,600 --> 00:28:01,560 Speaker 4: What do you I think your worst twenty how it is? 634 00:28:01,840 --> 00:28:04,240 Speaker 2: I love buying gifts for people. 635 00:28:04,400 --> 00:28:05,720 Speaker 4: Me too, Queen, me too. 636 00:28:06,000 --> 00:28:06,960 Speaker 2: I'm really bad. 637 00:28:07,119 --> 00:28:10,960 Speaker 4: It's so good though, Are you bad? But like you 638 00:28:11,040 --> 00:28:13,360 Speaker 4: can't be that bad. You got seventy grand in investment, 639 00:28:13,440 --> 00:28:14,840 Speaker 4: so I don't believe you, I. 640 00:28:14,840 --> 00:28:17,680 Speaker 2: Know, but still like, for example, for my boyfriend's birthday, 641 00:28:17,720 --> 00:28:19,119 Speaker 2: I brought us plane tickets to Europe. 642 00:28:19,160 --> 00:28:20,880 Speaker 4: It's a good present. Do you want to be my friend? 643 00:28:23,040 --> 00:28:25,560 Speaker 2: But then, like, if I had to turn around and 644 00:28:25,600 --> 00:28:28,080 Speaker 2: spend like four thousand dollars out of my savings, can't 645 00:28:28,119 --> 00:28:30,000 Speaker 2: be like, no way, I don't need that. Because it 646 00:28:30,040 --> 00:28:31,560 Speaker 2: was for him, I was like, yeah, one hundred percent, 647 00:28:31,640 --> 00:28:32,280 Speaker 2: let's just go. 648 00:28:32,720 --> 00:28:35,000 Speaker 4: But that just tells me a lot more about you 649 00:28:35,119 --> 00:28:38,040 Speaker 4: as well, which is quite sweet. So talk to me, 650 00:28:38,120 --> 00:28:40,120 Speaker 4: what does the future look like? Because you're already an 651 00:28:40,160 --> 00:28:43,080 Speaker 4: A minus? Why minus not plus? What would it take 652 00:28:43,120 --> 00:28:45,440 Speaker 4: to be like an A plus? Because I just feel 653 00:28:45,480 --> 00:28:48,920 Speaker 4: like you are already an A plus. I have no notes. 654 00:28:49,200 --> 00:28:54,120 Speaker 2: Probably build out our investment portfolio. I would say, get 655 00:28:54,120 --> 00:28:57,080 Speaker 2: a more diverse portfolio and obviously get our dream home 656 00:28:57,400 --> 00:29:00,400 Speaker 2: and maybe a couple more investments. But yeah, it would 657 00:29:00,400 --> 00:29:01,680 Speaker 2: probably just be diversifying. 658 00:29:01,840 --> 00:29:03,920 Speaker 4: I love that so much. I feel like this is 659 00:29:03,960 --> 00:29:06,520 Speaker 4: like so refreshing. You're you know, I mean this in 660 00:29:06,560 --> 00:29:09,680 Speaker 4: the nicest way possible. You're still such a baby, like 661 00:29:09,720 --> 00:29:11,840 Speaker 4: You've just got so much time on your side, and 662 00:29:11,880 --> 00:29:14,440 Speaker 4: you're just like so well set up and obviously so 663 00:29:14,800 --> 00:29:16,960 Speaker 4: like you've got your shit together. I can tell, like 664 00:29:17,040 --> 00:29:19,400 Speaker 4: you are so intelligent. I'm just like, yeah, of course 665 00:29:19,400 --> 00:29:21,240 Speaker 4: she has a psychology on his degree and got a 666 00:29:21,240 --> 00:29:23,960 Speaker 4: full scholarship for it. Of course she does. Like that 667 00:29:24,120 --> 00:29:26,640 Speaker 4: just makes sense. But I'm just I'm so excited. I 668 00:29:26,680 --> 00:29:28,880 Speaker 4: love that it wasn't and I don't love that it 669 00:29:28,880 --> 00:29:31,120 Speaker 4: didn't work out. That's heartbreaking, but I love that when 670 00:29:31,120 --> 00:29:33,480 Speaker 4: it didn't work out, you moved home. You're like, oh, 671 00:29:33,520 --> 00:29:35,600 Speaker 4: I'm bored, I'm going to go and bumble and then whoops, 672 00:29:35,640 --> 00:29:37,240 Speaker 4: run into the love of my life. And now we 673 00:29:37,280 --> 00:29:39,760 Speaker 4: own property together, when we're planning our entire lives and 674 00:29:39,800 --> 00:29:42,440 Speaker 4: we're both really good at money. Now like that's cool. 675 00:29:43,000 --> 00:29:45,200 Speaker 2: Yeah, No, it definitely waked out for the better. 676 00:29:45,360 --> 00:29:47,280 Speaker 4: I adore it, Money, Dice, this has been a pleasure. 677 00:29:47,360 --> 00:29:49,840 Speaker 4: Unfortunately we've run out of time, but it has been 678 00:29:49,920 --> 00:29:51,959 Speaker 4: so fun chatting to you. I feel like you are 679 00:29:52,360 --> 00:29:55,080 Speaker 4: so savvy and so cool, and I just know I'm 680 00:29:55,160 --> 00:29:57,800 Speaker 4: hoping that we get to cross parts in person at 681 00:29:57,800 --> 00:29:59,600 Speaker 4: some point because I think we'll get along that couse, 682 00:29:59,640 --> 00:30:08,720 Speaker 4: I fine, thank you. The iff shared on She's on 683 00:30:08,800 --> 00:30:11,480 Speaker 4: the Money is general in nature and does not consider 684 00:30:11,520 --> 00:30:15,440 Speaker 4: your individual circumstances. She's on the Money exists purely for 685 00:30:15,560 --> 00:30:18,440 Speaker 4: educational purposes and should not be relied upon to make 686 00:30:18,480 --> 00:30:21,720 Speaker 4: an investment or financial decision. If you do choose to 687 00:30:21,760 --> 00:30:25,040 Speaker 4: buy a financial product, read the PDS TMD and obtain 688 00:30:25,080 --> 00:30:29,520 Speaker 4: appropriate financial advice tailored towards your needs. Victoria Divine and 689 00:30:29,640 --> 00:30:33,080 Speaker 4: She's on the Money are authorized representatives of money. Sheper 690 00:30:33,160 --> 00:30:36,640 Speaker 4: Pty Ltd A b N three two one six four 691 00:30:36,800 --> 00:30:40,640 Speaker 4: nine two seven seven zero eight AFSL four five one 692 00:30:40,840 --> 00:30:42,600 Speaker 4: two eight nine