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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr

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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before

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Speaker 1: we get started on She's on the Money podcast, I

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Speaker 1: would like to acknowledge the traditional custodians of the land

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Speaker 1: of which this podcast is recorded on a wondery country,

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Speaker 1: acknowledging the elders, the ancestors and the next generation coming

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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing

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Speaker 1: and the storytelling of you to make a difference for

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Speaker 1: today and lasting impact for tomorrow.

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Speaker 2: Let's get into it.

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Speaker 3: She's on the Money.

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Speaker 2: She's on the Money. Hello, and welcome to She's on

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Speaker 2: the Money, the podcast for millennials who want financial freedom.

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Speaker 2: Welcome back to another one of our money daries where

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Speaker 2: we get to talk with one of our incredible She's

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Speaker 2: on the Money community members all about their journey. Let's

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Speaker 2: jump straight into it because this week I got a

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Speaker 2: message and it read like this, Hi, She's on the

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Speaker 2: Money team. I wanted to share my money story as

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Speaker 2: listening to She's on the Money and my millennial money

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Speaker 2: has pivoted my mindset and set me up on the

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Speaker 2: path to take control of my finances. Growing up with

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Speaker 2: a single mum who had nine credit cards, I thought

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Speaker 2: it was normal to have debt. After leaving home at

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Speaker 2: sixteen with nothing but the clothes on my back. I

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Speaker 2: used centraling to survive between the ages of sixteen and eighteen,

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Speaker 2: and then found myself in a world of credit cards

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Speaker 2: and personal loans after spending the last decade in debt.

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Speaker 2: In two years of listening to your pod, I've been

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Speaker 2: able to double my income, become free of debt with

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Speaker 2: an emergency fund, and I'm on my way to saving

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Speaker 2: for my first home and creating natural freedom for myself.

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Speaker 2: I want the community members who are struggling to know

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Speaker 2: that it doesn't matter what your upbringing looked like. You

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Speaker 2: can change your mindset and your habits to achieve the

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Speaker 2: life you want. Money Diarist, This is going to be

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Speaker 2: one of my favorite diaries ever. I can already feel it.

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Speaker 3: Welcome to the show, Thank you for having me.

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Speaker 2: Oh my gosh, no, what a story. I love that

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Speaker 2: it's really mindset based and that you've gone through all

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Speaker 2: this stuff but you're like, Nope, you can do whatever

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Speaker 2: you want. I feel like that's going to be so

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Speaker 2: motivating for so many people. Before we jump into the

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Speaker 2: thick of it, which is my favorite part, I want

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Speaker 2: to know if you were to give your money habits

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Speaker 2: a grade, what would that grade be?

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Speaker 3: At the moment, I think I'd probably be about a

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Speaker 3: B plus A B plus.

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Speaker 2: All right, let's learn a little bit more about it,

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Speaker 2: money direst. You showed us in your letter a little

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Speaker 2: bit about your money story, but I want to know more.

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Speaker 2: So can you tell us a little bit more about

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Speaker 2: your money story?

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Speaker 3: Yeah? Sure. So it was quite a troubled upbringing. Yeah.

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Speaker 3: As I said, raised by a single mother, and although

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Speaker 3: she provided well for us financially, emotionally and support wise,

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Speaker 3: we struggled. We didn't necessarily have a great connection, and

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Speaker 3: unfortunately sometimes it was quite abusive, so we didn't have

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Speaker 3: a lot of mentorship around how to handle finances. I

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Speaker 3: just knew that that's how she funded our lifestyle, so

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Speaker 3: we never went without. We had passes to theme parks,

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Speaker 3: we went on holidays quite frequently, but that was all

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Speaker 3: funded through debt. At the time, I thought it was normal,

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Speaker 3: just because obviously she was working and raising two children

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Speaker 3: on her own. But that obviously did have quite a

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Speaker 3: large impact on my financial story. I wanted to start

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Speaker 3: working as soon as possible because I understood them. You know,

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Speaker 3: to get the things that you want in life, you

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Speaker 3: need to have your own income. So as soon as

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Speaker 3: I turned fourteen and was able to work, I started working. Unfortunately,

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Speaker 3: I wasn't able to have access to the money that

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Speaker 3: I was working for, so I didn't have an appreciation

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Speaker 3: for how to save. My Mum held my key card

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Speaker 3: so I could spend when she advised me, and I

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Speaker 3: think that that was to my detriment, Whereas if I

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Speaker 3: was able to earn and spend at a young age,

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Speaker 3: I would have more of an understanding of how to

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Speaker 3: budget for certain things that I would want and avoid

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Speaker 3: having that instant gratification rather than budgeting more correctly.

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Speaker 2: Do you think that that came from her just trying

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Speaker 2: to protect you in a way, from like, you know,

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Speaker 2: running out of money or was that more a control

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Speaker 2: feature of your relationship?

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Speaker 1: Yeah?

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Speaker 3: Yeah, so everything was under control. I was quite independent

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Speaker 3: and was from quite a young age, and that was

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Speaker 3: quite a sore spot for our relationship. It wasn't not

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Speaker 3: long after that I started working that our relationship really

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Speaker 3: went downhill and led to me being kicked out at home.

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Speaker 2: So yeah, wow, And what did that look like? Obviously

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Speaker 2: you got your first job, where are you working? What

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Speaker 2: type of role were you doing?

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Speaker 3: Hj's as a retail.

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Speaker 2: Like that, and how often were you working? Was it

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Speaker 2: like a couple of days or a couple of just

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Speaker 2: hours on one day or what did that journey look like?

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Speaker 3: Yes, I'd work both days on the weekend and working

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Speaker 3: nighttime when I could after school. But obviously school played

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Speaker 3: a massive factor in how many hours you could work.

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Speaker 3: But working for a whole eight dollars back in the day.

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Speaker 2: Oh, check that out. Do you know what at the time,

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Speaker 2: eight dollars would have sounded really good?

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Speaker 3: Felt rich?

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Speaker 2: Yeah? One percent eight dollars at that time is really good.

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Speaker 2: Really frustrating though that you couldn't access it. Did that

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Speaker 2: lead to lots of like arguments or did that lead

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Speaker 2: to a lot of resentment or what did that look like?

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Speaker 3: Not necessarily so, I've always I wouldn't say be materialistic,

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Speaker 3: but I like nice things. I like living related. I'm

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Speaker 3: very proud of my home. And even back then, like

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Speaker 3: when I was fifteen, I wanted to buy a rug.

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Speaker 3: So I was able to buy myself a six hundred

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Speaker 3: dollars rug at fifteen, like.

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Speaker 2: My gosh, eight dollars an hour. That ra was worth

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Speaker 2: a lot of hours of work.

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Speaker 3: Yeah, and was able to fund a snow trip through school.

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Speaker 3: So I was able to buy things with that money,

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Speaker 3: But it would have been more beneficial to my future

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Speaker 3: self if I had been able to trial an error.

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Speaker 3: Obviously I would have spent more if I had had

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Speaker 3: access to that, and may not have been able to

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Speaker 3: buy the nice things, but I would have built a

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Speaker 3: better foundation.

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Speaker 2: Yeah. Wow, I feel like it's really interesting talking to

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Speaker 2: people about their money stories, especially first up, because obviously

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Speaker 2: I'm going to be like, Okay, what do you am,

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Speaker 2: what do you spend? All of those questions, But just

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Speaker 2: learning a little bit about the mindset side of things

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Speaker 2: is to me so interesting because having gone through the

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Speaker 2: mindset of having things taken off you and you're spending

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Speaker 2: controlled all the way through to you know, creating financial

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Speaker 2: freedom to yourself. Can we talk about the pivot point

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Speaker 2: of that, because I feel like that's a massive mindset

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Speaker 2: shift from someone controlling you to your going I can

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Speaker 2: control my entire life and create the life I deserve

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Speaker 2: and the life I How do we do that?

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Speaker 3: Podcasts apparently in some books. Unfortunately, but also fortunately it's

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Speaker 3: only happened in the past couple of years. So between

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Speaker 3: eighteen and twenty eight, I was in a revolving door

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Speaker 3: of getting myself in debt and then out of debt.

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Speaker 3: You know, when I first turned eighteen, I was like, Okay,

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Speaker 3: I have no family, I'm living out on my own.

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Speaker 3: I was earning a decent income for my age, but

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Speaker 3: I just I've always lived beyond my means to that point.

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Speaker 3: So I would earn enough to cover groceries, live a

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Speaker 3: decent lifestyle, but then you know, I would want to

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Speaker 3: shout my friend's drinks or go shopping and wanted to

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Speaker 3: get a TV, these nice things for myself, and I

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Speaker 3: was like, oh, I just need a safety net. I'll

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Speaker 3: get a five hundred dollars credit card, and that was

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Speaker 3: the spiral. Then I went and got a TV on

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Speaker 3: Go MasterCard and it just went downhill from there. So

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Speaker 3: constantly refinancing, getting rebalanced credit cards just to try I

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Speaker 3: avoid that interest. I don't know how I was smart

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Speaker 3: enough to know that interest was bad, but debt was good,

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Speaker 3: Like it was okay to be in debt as long

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Speaker 3: as I kept paying it. Down so I could always

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Speaker 3: reford the repayments. I've never default on it on anything,

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Speaker 3: but I've had numerous personal loans. I wish that I

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Speaker 3: quantified it, but at least five personal loans, probably about

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Speaker 3: ten credit cards just in that eight year period, paying

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Speaker 3: them down, getting a balanced transfer, trying to avoid any

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Speaker 3: additional fees, but just constantly living beyond my means.

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Speaker 2: I feel like that's really relatable though, Like it's part

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Speaker 2: of my money story that when I first went to

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Speaker 2: UNI and got out of UNI, I ended up in

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Speaker 2: forty thousand dollars worth of personal debt and that all

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Speaker 2: started in exactly the same position as you, with a

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Speaker 2: five hundred dollars credit card that I got because I

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Speaker 2: was like, oh my gosh, I'm going to go get this,

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Speaker 2: and it was my Virgin Money credit card because I

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Speaker 2: felt like Virgin was better because you were getting some points.

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Speaker 2: Like that's a good idea, right, that's money saving in

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Speaker 2: my savvy. So I got this five hundred dollars Virgin

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Speaker 2: credit card once I got out of UNI, and I

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Speaker 2: thought that's going to be my buffer, and then yeah,

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Speaker 2: it kind of just spirals out of control because this

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Speaker 2: piece of plastic enables you to live a lifestyle that

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Speaker 2: you didn't have access to before. You're like, well, this

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Speaker 2: is fine, Like carrying debts fine as long as I'm not,

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Speaker 2: you know, racking up a whole heap of interest. That's smart.

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Speaker 2: And I just think that financial literacy, especially in schools,

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Speaker 2: especially during our journey as a young teen, especially with

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Speaker 2: our first jobs, does us a bit of a dirty

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Speaker 2: because you just don't know what you don't know. I

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Speaker 2: too knew the interest was bad. I don't want to

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Speaker 2: pay money for owing money, but I'll pay you back

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Speaker 2: the money that I owe you. That didn't feel too bad.

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Speaker 2: And I think it's one of those things that once

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Speaker 2: you start learning about the flip side, you go, oh,

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Speaker 2: my gosh, this is not how I should be doing it.

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Speaker 2: This is not how the smart people are doing it,

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Speaker 2: this is not how the wealthy are doing it, and

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Speaker 2: you just go oh, and I feel like there's then

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Speaker 2: a really bad layer of guilt, feel awful, and you

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Speaker 2: feel a little bit ashamed of the way that you've

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Speaker 2: been managing money, especially when you start to realize other

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Speaker 2: people weren't doing the same thing.

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Speaker 3: Yeah, most definitely, I think a hard thing for me

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Speaker 3: is that everyone around. All of my close friends have

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Speaker 3: had a lot of financial support from their parents, so

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Speaker 3: I never felt like I was going without because I

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Speaker 3: was able to finance it myself. But I did feel

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Speaker 3: bad that I wasn't doing and even to this day,

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Speaker 3: like I still don't have the things that they necessarily have,

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Speaker 3: but I have to constantly remind myself that I'm doing

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Speaker 3: it on my own and that's okay. But it took

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Speaker 3: me a long time to come to terms with the

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Speaker 3: fact that you're never going to be at the same

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Speaker 3: pace as everyone else. Yeah, you just got to stick

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Speaker 3: in your own lane and educate yourself. I'm a massive

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Speaker 3: advocate now for educating yourself on financial literacy, and it's

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Speaker 3: such a shame that it's not taught in schools, even

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Speaker 3: the basic fundamentals of tax and super and these are

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Speaker 3: life altering decisions. People really need to be educated about

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Speaker 3: that in the final years of school, and it's such

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Speaker 3: a shame that it's not the case.

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Speaker 2: Oh well, it keeps the world revolving, keeps the world

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Speaker 2: in debt. I feel like that's maybe what they want

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Speaker 2: in a way. Yeah, I feel like it's so interesting

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Speaker 2: having this conversation because I immediately feel like I resonate

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Speaker 2: with you, and I guess your story. I want to

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Speaker 2: know now though, because obviously you've changed gears and you've

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Speaker 2: been like, okay, I'm going to go from maybe not

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Speaker 2: being in control to being in complete control. And our

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Speaker 2: producer told me that you have your dream job, so

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Speaker 2: I want to know about that. So what do you

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Speaker 2: do for work and how much money do you earn?

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Speaker 3: So I'm an analyst in the energy industry and I

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Speaker 3: recently started my dream role late last year and with

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Speaker 3: bonuses and the base salary on one hundred and just

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Speaker 3: over one hundred and thirty. Oh my god, plus super Yeah,

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Speaker 3: I'm still pinching myself.

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Speaker 2: Are you kiddy?

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Speaker 3: That's incredible?

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Speaker 2: Good is that? I feel like, I don't know. You

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Speaker 2: set this up. You set me up. You were like, oh,

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Speaker 2: I can't afford the same things that my friend's skin afford.

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Speaker 2: I'm not in the same position as them. Like I

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Speaker 2: worked until twenty eight and only just really what you're

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Speaker 2: a month thirty, You're going to be like running rings

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Speaker 2: around people? Give it ten years?

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Speaker 3: Oh not even Yeah, So I guess the benefit of

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Speaker 3: Everything's happened in such a perfect way in the sense

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Speaker 3: of when I was twenty seven, I was earning sixty

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Speaker 3: K and I'd outgrown that workplace. I just finished UNI,

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Speaker 3: and the boss was like, oh, you know, I understand

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Speaker 3: you've just finished UNI, but I don't think that it's

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Speaker 3: suitable to give you a raise at this point in

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Speaker 3: the bin, essentially saying that he didn't think that I

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Speaker 3: was worth that money at that time.

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Speaker 2: Good luck replacing me.

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Speaker 3: But I was managing his business and a team of

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Speaker 3: six people, so that felt otherwise, and I knew it

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Speaker 3: was time to move on. So I'd always had a

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Speaker 3: dream company in mind, just really appreciative of the customer

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Speaker 3: service and the way that their staff were. So somehow

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Speaker 3: managed to reach out to a recruiter and land a

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Speaker 3: job there.

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Speaker 2: What you just like said, oh, this is my dream company,

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Speaker 2: And the recruiter was like, yes, Queen, I will make

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Speaker 2: that happen. And it happens.

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Speaker 3: Yeah, I don't know how I do again, still pinch myself.

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Speaker 2: Now, I know how you worked hard, you knew your worth,

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Speaker 2: you knew what you wanted, and you manifested it. So

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Speaker 2: it came true, Like it makes sense to me.

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Speaker 3: Yeah, it's so great. I love it. So within two

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Speaker 3: years I've been working at that company. I've had two promotions.

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Speaker 2: Oh my gosh, you don't get a promotion if you're

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Speaker 2: not good at your job, Babe. I don't know how

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Speaker 2: to tell you this.

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Speaker 1: Yeah.

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Speaker 3: No, I think it's my attitude, like because I've wanted

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Speaker 3: it and I'm passionate about it, and I guess that

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Speaker 3: just sort of flows through. I've always had amazing work ethic.

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Speaker 3: That's probably one of the best things that I'm proud

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Speaker 3: of myself. I always find it difficult to find good

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Speaker 3: qualities in myself, but my work ethic is something that's

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Speaker 3: never faulted. So yeah, So I had two promotions and

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Speaker 3: I felt bad late last year because i'd only been

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Speaker 3: in the role for a few months, leaving the role

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Speaker 3: that I was in but it wasn't really serving me.

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Speaker 3: And when the opportunity came up to become an analyst,

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Speaker 3: I knew that I had to do it and now

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Speaker 3: otherwise i'd regret it. And everything's just fallen into place.

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Speaker 2: Oh, I'm so proud, and I can see how proud

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Speaker 2: you are of you. I wish everyone could see your

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Speaker 2: face right now, because you're glowing. You're like beaming, You're

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Speaker 2: so happy, You're smiling like I can tell that that

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Speaker 2: means a lot to you, even more than just I

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Speaker 2: guess the remuneration of the role as well.

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Speaker 3: Yeah, most definitely. I think last year when I chose

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Speaker 3: the role I originally took, I actually regretted it. So

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Speaker 3: I chose the role for financial purposes. It was providing

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Speaker 3: me a twenty five K increase, and I was like,

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Speaker 3: how can I pass this up?

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Speaker 2: How can I not?

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Speaker 3: Yeah, so I just thought I have to do it,

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Speaker 3: and I knew I was going to do well in

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Speaker 3: the role. It wasn't necessarily where I wanted to go,

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Speaker 3: but I knew I was going to do well because

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Speaker 3: that's where my career has led me to. So I

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Speaker 3: took it. But after a few months, I just it

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Speaker 3: wasn't the right fit and I did regret choosing it

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Speaker 3: because of the financial reasons. It really deviated from my values.

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Speaker 3: So I've let my lesson there.

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Speaker 2: Oh I'm glad you kind of went through that, especially

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Speaker 2: before finding this role, because in this role, it's kind

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Speaker 2: of like you know you're worth, you know what you're getting.

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Speaker 2: Obviously it's an epic paycheck, but at the crux of it,

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Speaker 2: you also know that that's not the only reason you're there.

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Speaker 3: Yeah, most definitely, And now this role is challenging me.

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Speaker 3: The team are incredible and I'm getting an awesome paycheck.

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Speaker 2: My gosh, financial freedom come at you. Let's talk about

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Speaker 2: your money goals. What are you working towards? What is

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Speaker 2: your big money goal at the moment.

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Speaker 3: I'm currently saving for a house, my first time.

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Speaker 2: How are we doing on that front?

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Speaker 3: Yeah, we're getting there. I've only got eleven K saved.

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Speaker 2: Only into the bin. My friend, I have eleven grand saved.

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Speaker 2: What a journey.

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Speaker 3: Yes, When I first started this company, I started I'd

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Speaker 3: listen to Barefoot Investor. Yeah, and then I started looking

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Speaker 3: at otherwise to help myself get more financially literate. So

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Speaker 3: I literally binge listened to every single episode of She's

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Speaker 3: on the Money.

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Speaker 2: So you're really sick of my voice by now? I

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Speaker 2: like it.

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Speaker 3: No, it's a routine, it's a ritual. Like even though

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Speaker 3: sometimes this stuff doesn't necessarily resonate with me or I've

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Speaker 3: outgrown it, I think it helps keep me on track

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Speaker 3: and accountable if I am ever second guessing myself. Oh,

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Speaker 3: I love that I had money in savings and then

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Speaker 3: I still had a credit card debt, and I was like,

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Speaker 3: you know what, Like I had a chunk of interest

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Speaker 3: come through, and I was like, I've got more money

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Speaker 3: in my savings than I have that I could pay

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Speaker 3: this credit card off and not get interests, Like what

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Speaker 3: am I doing? And so I paid that off and

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Speaker 3: it was honestly the best feeling in the world. So

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Speaker 3: it's been eighteen months now being debt free, Queen behavior,

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Speaker 3: I'm so excited for you and saving about thirty five percent,

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Speaker 3: trying to get to forty percent of my salary towards saving.

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Speaker 2: How cool.

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Speaker 3: Yeah, so been able to save for a trip for

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Speaker 3: my thirtieth to go to Europe for a few weeks.

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Speaker 3: So I'm excited for that. And yeah, now just purely

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Speaker 3: focusing on the house. But I just think that everything

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Speaker 3: happened really well in the sense of getting a job

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Speaker 3: and getting these large increases in income. I'm glad that

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Speaker 3: my mindset had shifted.

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Speaker 2: Before that happened.

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Speaker 3: Yeah, Like, I can only imagine how I would have

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Speaker 3: been spending my money beforehand with this sort of money

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Speaker 3: now and going, oh, well, I'm owning all of this money,

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Speaker 3: I can I can spend more, you know, Whereas now

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Speaker 3: I'm so conscious of wanting to achieve so many goals.

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Speaker 2: How exciting. What would happen if we went back to

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Speaker 2: twenty five year old you and said, hey, by the way,

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Speaker 2: this is what life looks like at twenty eight, twenty nine.

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Speaker 2: What would twenty five year old you think already?

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Speaker 3: She achieved it already. I feel like I definitely would

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Speaker 3: have gotten there eventually. From a young age. I always

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Speaker 3: wanted to have my own home. I definitely just feel

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Speaker 3: as though it's security for me. Yeah, one hundred percent,

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Speaker 3: something that's mine that no one can take away from me.

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Speaker 3: So I always knew by the time I was thirty

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Speaker 3: that I wanted to achieve that. It might not be

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Speaker 3: right on thirty, but I'm definitely going to get there.

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Speaker 2: No, you've got that security, you've got that job, like

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Speaker 2: one hundred percent. It's crazy the pressure that we put

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Speaker 2: on ourselves to achieve things before thirty. I found a

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Speaker 2: diary entry from twenty one year old me, and I

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Speaker 2: look at it and I just go, Victoria, there's so

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Speaker 2: much more to life than what you thought you'd have

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Speaker 2: at thirty. Like, there's this diary entry, and it's in

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Speaker 2: this dumb diary, and it was right before I broke

378
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Speaker 2: up with a long term partner, and I was kind

379
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Speaker 2: of like, you know, journaling because I was stressed and

380
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Speaker 2: kind of knew what was coming and didn't know what

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Speaker 2: was there. And it's like this letter to myself and

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Speaker 2: it's kind of like, at thirty, you'll have a job

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Speaker 2: and you'll be earning at least six figures. Like that

384
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Speaker 2: was to me a really big For some reason in

385
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Speaker 2: my head, I was like, you have to do that

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Speaker 2: by thirty, Victoria. And now it just like makes no sense,

387
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Speaker 2: Like that's such a naff way of looking at life.

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Speaker 2: I also was apparently going to already have two children,

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Speaker 2: I would have already been married, I already would have

390
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Speaker 2: owned a house, and just all this stuff that I

391
00:19:06,000 --> 00:19:09,880
Speaker 2: was like, those are milestones, yes, but that doesn't mean

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Speaker 2: I would have been happy with the life that I

393
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Speaker 2: thought I was going to create for myself. And I

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Speaker 2: just think that we put so much pressure on ourselves.

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Speaker 2: But at the same time, it's so gratifying to go, oh,

396
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Speaker 2: my gosh, past me would actually be really proud of

397
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Speaker 2: where we are, Like past me would be like, Wow,

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00:19:25,560 --> 00:19:28,280
Speaker 2: there's a lot more to life than just earning six figures,

399
00:19:28,359 --> 00:19:30,080
Speaker 2: or there's a lot more to life than you know,

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Speaker 2: just getting a house and just doing these things. Because

401
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Speaker 2: now if you ask me what my values are in life,

402
00:19:35,000 --> 00:19:37,120
Speaker 2: I'm like, have you met my pets? Have you met

403
00:19:37,119 --> 00:19:40,840
Speaker 2: my friends? Like they're the coolest things ever. So I

404
00:19:40,920 --> 00:19:43,560
Speaker 2: just think it's such an exciting period of life, especially

405
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Speaker 2: when you start coming into this like world of creating

406
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Speaker 2: financial freedom. It opens up so much more than what

407
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Speaker 2: twenty one year old Victoria thought, which was designer bags

408
00:19:54,400 --> 00:19:57,000
Speaker 2: and shoes and you know, all of the markers of success,

409
00:19:57,040 --> 00:19:59,840
Speaker 2: but not really the excitement around it. Yeah, all right,

410
00:20:00,080 --> 00:20:01,800
Speaker 2: I want to ask you a whole heap more questions,

411
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Speaker 2: but I'm going to go to a really quick break

412
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Speaker 2: and on the flip side, we're going to talk about debts, investments.

413
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Speaker 2: I want to know about your best and your worst

414
00:20:08,160 --> 00:20:12,280
Speaker 2: money habits and how you've managed to avoid lifestyle greep. Alright, guys,

415
00:20:12,320 --> 00:20:19,480
Speaker 2: don't go anywhere. All right, money direst we are back.

416
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Speaker 2: You have now saved eleven grand, which is epic towards

417
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Speaker 2: your first home. You're out of debt and have been

418
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Speaker 2: debt free for eighteen months now, which is so cool.

419
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Speaker 2: But I want to know are you investing If so, what.

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Speaker 3: In yes, I am I started in cheersas say she's

421
00:20:38,520 --> 00:20:43,080
Speaker 3: on the money. I have recently just transferred over to Comsex.

422
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Speaker 3: I have about five thousand invested now.

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Speaker 2: Oh big Dog Energy.

424
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Speaker 3: So yeah, just focusing on building that up slowly.

425
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Speaker 2: What's the plan there, like, what made you change platforms?

426
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Speaker 2: And how have you chosen the investments that you've got.

427
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Speaker 3: I'm really focusing on diversification. I've got a couple of

428
00:21:01,359 --> 00:21:03,920
Speaker 3: high risk lithium stocks in cheesy is that I'll just

429
00:21:04,040 --> 00:21:06,679
Speaker 3: keep there just for growth. But the main thing that

430
00:21:06,720 --> 00:21:10,600
Speaker 3: I wanted to focus on was ETFs that were going

431
00:21:10,600 --> 00:21:14,240
Speaker 3: to provide me with diversification and a little bit of

432
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Speaker 3: lower risk that pay a dividend. So I can just

433
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Speaker 3: reinvest that and just let it grow and not touch it,

434
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Speaker 3: not overthink it.

435
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Speaker 2: I love it, and we already know you don't have

436
00:21:23,560 --> 00:21:27,400
Speaker 2: any debts, so I feel like that's a pretty redundant question.

437
00:21:27,800 --> 00:21:28,920
Speaker 3: I do have hex stet.

438
00:21:29,000 --> 00:21:31,040
Speaker 2: Oh okay, what hextet have you got?

439
00:21:31,200 --> 00:21:34,919
Speaker 3: So sitting at about thirty three k at the moment,

440
00:21:35,480 --> 00:21:37,560
Speaker 3: So looking forward to indexation in June.

441
00:21:38,000 --> 00:21:40,240
Speaker 2: Yeah, I was going to say, they're talking about indexation

442
00:21:40,400 --> 00:21:43,840
Speaker 2: being at about seven percent this year which makes me

443
00:21:43,960 --> 00:21:46,800
Speaker 2: feel physically ill. And guys, don't worry. There's an entire

444
00:21:46,880 --> 00:21:49,320
Speaker 2: episode coming on how to manage that and what that

445
00:21:49,359 --> 00:21:52,720
Speaker 2: means and how that's going to work. But money, dicet,

446
00:21:52,760 --> 00:21:54,439
Speaker 2: I want to know what are your thoughts on that

447
00:21:54,720 --> 00:21:58,040
Speaker 2: as somebody who is all over it. Are you going

448
00:21:58,080 --> 00:21:59,840
Speaker 2: to be paying more off? Of you not going to

449
00:21:59,840 --> 00:22:01,720
Speaker 2: be paying more off? Where is your head.

450
00:22:01,480 --> 00:22:03,960
Speaker 3: At for the two grand I'm going to get whacked

451
00:22:03,960 --> 00:22:06,680
Speaker 3: with if it's seven percent, I'm not gonna worry about

452
00:22:06,680 --> 00:22:08,840
Speaker 3: paying it off. I'd rather have that money sit there

453
00:22:08,880 --> 00:22:13,440
Speaker 3: in my bank account ready for my home loan. Unfortunately,

454
00:22:13,560 --> 00:22:16,159
Speaker 3: having hextut does wipe off about one hundred k off

455
00:22:16,200 --> 00:22:19,160
Speaker 3: my borrowing capacity, so I did think about taking care

456
00:22:19,200 --> 00:22:21,200
Speaker 3: of it. But yeah, look, it's just going to sit

457
00:22:21,200 --> 00:22:23,919
Speaker 3: there in the background, and it's better than having, you know,

458
00:22:23,960 --> 00:22:28,280
Speaker 3: an interest loan paying off that. Like the education has

459
00:22:28,280 --> 00:22:30,760
Speaker 3: allowed me to get the income that I have, so

460
00:22:31,200 --> 00:22:32,960
Speaker 3: I'm happy to just write it out.

461
00:22:33,240 --> 00:22:35,160
Speaker 2: Yeah, No, that's fair, and I think that that's where

462
00:22:35,200 --> 00:22:37,720
Speaker 2: a lot of us are at. Yes, it wipes off

463
00:22:37,760 --> 00:22:41,840
Speaker 2: some borrowing capacity, but also you know what wipes borrowing

464
00:22:41,880 --> 00:22:44,240
Speaker 2: capacity is not having enough of a deposit, and it's

465
00:22:44,320 --> 00:22:46,880
Speaker 2: kind of like weighing up what the difference between those

466
00:22:46,920 --> 00:22:49,320
Speaker 2: two things is actually going to look like and how

467
00:22:49,359 --> 00:22:51,240
Speaker 2: that works. And to be honest, the best thing you

468
00:22:51,280 --> 00:22:53,920
Speaker 2: can do is actually talk to a mortgage broker sooner

469
00:22:54,000 --> 00:22:55,720
Speaker 2: rather than later, because they're going to be able to

470
00:22:55,760 --> 00:22:59,800
Speaker 2: tell you, especially if your goal is to buy a property. Okay, well,

471
00:22:59,800 --> 00:23:03,160
Speaker 2: this is what your HEX set personally looks like. I've

472
00:23:03,160 --> 00:23:04,960
Speaker 2: thought for ages. I was like, oh my gosh. You

473
00:23:05,000 --> 00:23:06,560
Speaker 2: know what it would be really cool is a table

474
00:23:06,880 --> 00:23:09,520
Speaker 2: where I could tell you how much your borrowing capacity

475
00:23:09,920 --> 00:23:13,240
Speaker 2: is impacted by HEX. So like, if it's thirty thousand dollars, okay,

476
00:23:13,320 --> 00:23:15,320
Speaker 2: well it will be impacted by about one hundred grand,

477
00:23:15,400 --> 00:23:18,119
Speaker 2: or if it's more or less. But the problem is

478
00:23:18,400 --> 00:23:20,800
Speaker 2: the variable of income, and then the variable of whether

479
00:23:20,800 --> 00:23:22,600
Speaker 2: you're going to be buying with a partner or not,

480
00:23:22,640 --> 00:23:24,520
Speaker 2: and what their income is, and whether you have any

481
00:23:24,520 --> 00:23:27,360
Speaker 2: other debts or any other liabilities. And it's just it's

482
00:23:27,400 --> 00:23:30,719
Speaker 2: not a table I can create, sadly, because it's just

483
00:23:30,800 --> 00:23:33,560
Speaker 2: not going to work. But it's one of those things

484
00:23:33,600 --> 00:23:35,879
Speaker 2: that I think a lot of people stress about. And

485
00:23:35,920 --> 00:23:37,880
Speaker 2: if you're stressing about it, go talk to a mortgage

486
00:23:37,880 --> 00:23:40,080
Speaker 2: broker and they'll be able to tell you exactly what

487
00:23:40,119 --> 00:23:43,840
Speaker 2: your personal situation looks like, because googling isn't going to

488
00:23:43,880 --> 00:23:45,040
Speaker 2: do that. Unfortunately.

489
00:23:45,320 --> 00:23:47,560
Speaker 3: If it was sitting at five, I probably would on

490
00:23:47,600 --> 00:23:49,800
Speaker 3: the basis that it would give me just under one

491
00:23:49,800 --> 00:23:52,400
Speaker 3: thousand dollars a month extra in my pocket, and also

492
00:23:52,480 --> 00:23:55,520
Speaker 3: it would help me with my borrowing capacity. But given

493
00:23:55,560 --> 00:23:57,680
Speaker 3: the amount that it is, I'm just going to write

494
00:23:57,680 --> 00:24:00,080
Speaker 3: it out and not to mention it over COVID it

495
00:24:00,119 --> 00:24:02,960
Speaker 3: was so low, like twenty twenty one it was only

496
00:24:03,040 --> 00:24:03,720
Speaker 3: nine hundred dollars.

497
00:24:03,840 --> 00:24:04,560
Speaker 2: Yeah, exactly.

498
00:24:04,840 --> 00:24:07,320
Speaker 3: So we've just got to keep in mind that, yes, okay,

499
00:24:07,320 --> 00:24:09,239
Speaker 3: this is going to be pretty high this year, and

500
00:24:09,320 --> 00:24:12,400
Speaker 3: it does suck, but in relation to the past couple

501
00:24:12,440 --> 00:24:14,199
Speaker 3: of years, like if we average it all out, we're

502
00:24:14,240 --> 00:24:14,640
Speaker 3: all good.

503
00:24:14,800 --> 00:24:18,280
Speaker 2: Exactly. To people who currently are in debt and looking

504
00:24:18,320 --> 00:24:20,920
Speaker 2: at your story, going wow, how did you go from

505
00:24:21,119 --> 00:24:23,399
Speaker 2: growing up with a mum who had nine credit cards,

506
00:24:23,400 --> 00:24:25,960
Speaker 2: so then you having ten credit cards and personal loans

507
00:24:26,000 --> 00:24:29,600
Speaker 2: and cycling through that to being in the financially responsible

508
00:24:29,600 --> 00:24:32,680
Speaker 2: position you're in now? What would you say to people

509
00:24:32,760 --> 00:24:36,160
Speaker 2: who currently have debt who maybe just don't want debt anymore,

510
00:24:36,200 --> 00:24:37,639
Speaker 2: but don't even know where to start.

511
00:24:37,760 --> 00:24:41,879
Speaker 3: Baby steps a sessious situation, and there's so many different

512
00:24:41,920 --> 00:24:45,080
Speaker 3: ways to knock down your debt, but do things that

513
00:24:45,080 --> 00:24:47,520
Speaker 3: are going to help you hit milestone sooner so you

514
00:24:47,560 --> 00:24:50,800
Speaker 3: can get that feeling, because nothing beats it when you

515
00:24:50,840 --> 00:24:52,440
Speaker 3: pay off a credit card and you get to shut

516
00:24:52,480 --> 00:24:54,440
Speaker 3: it down. It is the best feeling.

517
00:24:54,720 --> 00:24:57,080
Speaker 2: It actually is. I feel like someone should jump out

518
00:24:57,080 --> 00:24:59,719
Speaker 2: of like a cupboard or something with like party poppers

519
00:24:59,720 --> 00:25:02,680
Speaker 2: and pay and celebrate, because that's exactly what I expected

520
00:25:02,720 --> 00:25:03,720
Speaker 2: to happen when I paid mine.

521
00:25:03,720 --> 00:25:06,640
Speaker 3: Not for yourself, do it for yourself. No one else

522
00:25:06,680 --> 00:25:08,119
Speaker 3: is going to. But I tell you what, it's a

523
00:25:08,119 --> 00:25:10,919
Speaker 3: bloody good feeling, especially after you've been in it for

524
00:25:10,960 --> 00:25:12,960
Speaker 3: so long and it is such a hard slog to

525
00:25:13,400 --> 00:25:15,800
Speaker 3: see light at the end of the tunnel. Start with

526
00:25:15,880 --> 00:25:18,080
Speaker 3: your after pay. I think that was definitely the first

527
00:25:18,119 --> 00:25:20,680
Speaker 3: thing I got rid of, and then yeah, just paid

528
00:25:20,720 --> 00:25:23,960
Speaker 3: down that credit card. Obviously, the increases in my income

529
00:25:24,160 --> 00:25:27,119
Speaker 3: were a massive help to myself, and I'm not going

530
00:25:27,160 --> 00:25:29,560
Speaker 3: to discount that, you know, Like I made sure that

531
00:25:29,600 --> 00:25:33,000
Speaker 3: when I got paid extra, I wasn't spending that, I

532
00:25:33,080 --> 00:25:35,760
Speaker 3: was saving it. Prior to saving it, I was paying

533
00:25:35,760 --> 00:25:38,600
Speaker 3: off my debt, so that does help, so find additional

534
00:25:38,640 --> 00:25:40,840
Speaker 3: ways to make income to get rid of that debt.

535
00:25:41,080 --> 00:25:42,320
Speaker 3: It makes such a big difference.

536
00:25:42,359 --> 00:25:45,480
Speaker 2: Once it's gone, you just feel so light, you do,

537
00:25:46,000 --> 00:25:46,600
Speaker 2: there's just not.

538
00:25:46,560 --> 00:25:49,359
Speaker 3: A care in the world. And then having an emergency

539
00:25:49,359 --> 00:25:52,600
Speaker 3: fund finally and understanding that no matter what, I'm going

540
00:25:52,680 --> 00:25:54,399
Speaker 3: to be all good, Like if anything happens to my

541
00:25:54,520 --> 00:25:57,840
Speaker 3: dog or a medical expense, like, I'm all good, and

542
00:25:57,880 --> 00:25:59,159
Speaker 3: it's such an amazing feeling.

543
00:25:59,240 --> 00:26:02,639
Speaker 2: The bear. I feel like you have some good money habits.

544
00:26:02,640 --> 00:26:04,120
Speaker 2: So now I want to know what do you think

545
00:26:04,160 --> 00:26:05,760
Speaker 2: your best money habit is?

546
00:26:05,920 --> 00:26:08,440
Speaker 3: Budgeting down Yeah, I'm.

547
00:26:08,240 --> 00:26:09,560
Speaker 2: Not surprised by this at all.

548
00:26:10,560 --> 00:26:12,520
Speaker 3: I've always been good at budgeting, you know, even when

549
00:26:12,560 --> 00:26:14,280
Speaker 3: I was in debt, I always, you know, figured out

550
00:26:14,320 --> 00:26:16,520
Speaker 3: what my monthly expenses would be and put a set

551
00:26:16,560 --> 00:26:19,520
Speaker 3: amount away each week into my bill hub. So I

552
00:26:19,560 --> 00:26:22,040
Speaker 3: don't know again where I got that information from, because

553
00:26:22,040 --> 00:26:24,120
Speaker 3: I was doing that from the age is you know, eighteen,

554
00:26:24,600 --> 00:26:27,160
Speaker 3: But that budgeting is definitely my best money habit.

555
00:26:27,280 --> 00:26:29,480
Speaker 2: What kind of budgeting are you doing? Are you doing

556
00:26:29,480 --> 00:26:32,119
Speaker 2: the type of budgeting where you sit down and go okay,

557
00:26:32,160 --> 00:26:34,520
Speaker 2: cool money dice. You only get fifty dollars a week

558
00:26:34,560 --> 00:26:36,719
Speaker 2: for groceries, and you only get this, this, this, and this.

559
00:26:36,880 --> 00:26:39,040
Speaker 2: Is it like a restrictive type of budget or is

560
00:26:39,040 --> 00:26:41,240
Speaker 2: it the type of budget where you just tracking income

561
00:26:41,400 --> 00:26:43,320
Speaker 2: or what does that actually look like?

562
00:26:43,520 --> 00:26:48,399
Speaker 3: It is definitely more strict. But I tend to be

563
00:26:48,480 --> 00:26:50,280
Speaker 3: a bit guilty with the way I spend, Like if

564
00:26:50,320 --> 00:26:52,560
Speaker 3: I take money out of my savings, I feel very

565
00:26:52,600 --> 00:26:55,720
Speaker 3: guilty now, so if I'm buying something, you know, I

566
00:26:55,960 --> 00:26:58,840
Speaker 3: value lunches out, which is probably my worst money habit,

567
00:27:00,280 --> 00:27:02,760
Speaker 3: and dinners out. But yeah, so it's very strict, like

568
00:27:02,960 --> 00:27:06,280
Speaker 3: I will understand what my monthly or annual costs are

569
00:27:06,400 --> 00:27:08,119
Speaker 3: and then I put that into my bill hub and

570
00:27:08,160 --> 00:27:12,159
Speaker 3: then I've got my savings goals so everything's accounted for.

571
00:27:12,600 --> 00:27:15,000
Speaker 2: Yeah, awesome. I love that. I also find it so

572
00:27:15,200 --> 00:27:18,120
Speaker 2: interesting because when one person says, oh, I'm really good

573
00:27:18,119 --> 00:27:21,199
Speaker 2: at budgeting, that actually could mean something really different to

574
00:27:21,280 --> 00:27:25,080
Speaker 2: somebody else, because the way I budget is more around

575
00:27:25,160 --> 00:27:27,879
Speaker 2: tracking my spending and making sure that I'm okay with

576
00:27:28,000 --> 00:27:31,719
Speaker 2: that spend rather than setting a goal of okay, well, Victoria,

577
00:27:31,800 --> 00:27:33,879
Speaker 2: your groceries are going to be X like I don't

578
00:27:33,880 --> 00:27:36,440
Speaker 2: do that. I flip it around and go, okay, cool,

579
00:27:36,680 --> 00:27:39,679
Speaker 2: you're on average spending this on groceries. Are you okay

580
00:27:39,720 --> 00:27:40,040
Speaker 2: with it?

581
00:27:40,359 --> 00:27:40,439
Speaker 3: All?

582
00:27:40,560 --> 00:27:42,800
Speaker 2: Right? Well, if you don't want to change that, you're

583
00:27:42,800 --> 00:27:45,280
Speaker 2: going to have to change something else. And it's less

584
00:27:45,320 --> 00:27:47,320
Speaker 2: about restriction for me because I just know I'm not

585
00:27:47,320 --> 00:27:49,239
Speaker 2: going to stick to it, like it's just not going

586
00:27:49,320 --> 00:27:52,440
Speaker 2: to happen in my life. And I think that it's

587
00:27:52,600 --> 00:27:55,320
Speaker 2: interesting to learn the way that other people manage that,

588
00:27:55,560 --> 00:27:59,400
Speaker 2: because there's different forms of budgeting, and there's different flows,

589
00:27:59,440 --> 00:28:02,119
Speaker 2: and there's different diferent ways that we're all motivated. And

590
00:28:02,160 --> 00:28:04,439
Speaker 2: I just find it so pervy to be like, how

591
00:28:04,480 --> 00:28:06,639
Speaker 2: do you do that? What does that actually mean? Because

592
00:28:06,680 --> 00:28:08,919
Speaker 2: like one of our team members, Jess, you've probably heard

593
00:28:08,960 --> 00:28:10,800
Speaker 2: her on the podcast before if you've listening to every

594
00:28:10,840 --> 00:28:16,320
Speaker 2: single one, she has so many accounts for everything like clothes,

595
00:28:16,400 --> 00:28:19,320
Speaker 2: for shoes, she has an account for makeup, hair and beauty.

596
00:28:19,359 --> 00:28:22,399
Speaker 2: She has an account for literally everything. I could not

597
00:28:22,480 --> 00:28:25,919
Speaker 2: think of anything worse. Like my ADHD would not allow

598
00:28:26,040 --> 00:28:28,720
Speaker 2: me to have that many accounts and keep track of them,

599
00:28:29,000 --> 00:28:31,200
Speaker 2: so I have to have like three and we call

600
00:28:31,280 --> 00:28:33,800
Speaker 2: it a day there for you know, my average spend.

601
00:28:34,280 --> 00:28:37,280
Speaker 2: But different people do different things, and it's so interesting

602
00:28:37,320 --> 00:28:39,480
Speaker 2: to learn because you might look at somebody else's and go, oh,

603
00:28:39,520 --> 00:28:42,160
Speaker 2: my gosh, that system would work so well for me.

604
00:28:42,640 --> 00:28:45,160
Speaker 2: And that's why learning from other people is so important.

605
00:28:45,360 --> 00:28:49,000
Speaker 3: Most definitely, well, I think I'm still struggling. I get

606
00:28:49,000 --> 00:28:52,440
Speaker 3: paid monthly, and then it kills me. No matter how

607
00:28:52,520 --> 00:28:55,560
Speaker 3: much I try and budget, I always taking money out

608
00:28:55,560 --> 00:28:58,960
Speaker 3: of my savings and then having to replenish it the

609
00:28:59,000 --> 00:29:00,600
Speaker 3: next month if I take too much out. You know,

610
00:29:00,640 --> 00:29:02,360
Speaker 3: there's always like that little bit of a buffer. But

611
00:29:02,760 --> 00:29:05,600
Speaker 3: I always make sure that I keep myself accountable. So yeah,

612
00:29:05,680 --> 00:29:09,320
Speaker 3: strict budget and just constantly reviewing, Like you said, making

613
00:29:09,320 --> 00:29:13,240
Speaker 3: sure you're okay with it, groceries has killed me. I'm

614
00:29:13,240 --> 00:29:14,960
Speaker 3: constantly exceeding it every month.

615
00:29:15,000 --> 00:29:18,080
Speaker 2: The rising cost of living is insane, Like I actually

616
00:29:18,160 --> 00:29:22,760
Speaker 2: cannot believe how people are dealing with this because it's

617
00:29:22,800 --> 00:29:26,400
Speaker 2: it's insane. Like my grocery budget has absolutely blown up,

618
00:29:26,560 --> 00:29:28,640
Speaker 2: but the stuff I'm buying is exactly the same. Like

619
00:29:28,680 --> 00:29:30,360
Speaker 2: why is it fifty dollars more perfect?

620
00:29:30,360 --> 00:29:30,640
Speaker 1: Shop?

621
00:29:30,760 --> 00:29:33,600
Speaker 2: Like I genuinely feel like the idea of even fifty bucks,

622
00:29:33,960 --> 00:29:36,960
Speaker 2: Like historically, to me, fifty dollars was heaps of money,

623
00:29:37,000 --> 00:29:39,200
Speaker 2: and it still is. Like I'm not gonna you know,

624
00:29:39,720 --> 00:29:41,720
Speaker 2: absolutely pooh proo that. But I feel like you don't

625
00:29:41,720 --> 00:29:44,880
Speaker 2: get that much change from fifty bucks for anything anymore. No,

626
00:29:45,360 --> 00:29:48,160
Speaker 2: like go out for lunch fifty bucks, like I just

627
00:29:48,280 --> 00:29:49,200
Speaker 2: I swear.

628
00:29:49,240 --> 00:29:52,320
Speaker 3: Yeah, it definitely doesn't go the same distance unfortunately. So

629
00:29:52,400 --> 00:29:55,840
Speaker 3: it's also just a matter of acknowledging that sometimes things

630
00:29:55,840 --> 00:29:58,000
Speaker 3: aren't in your control. Like you can over analyze it

631
00:29:58,000 --> 00:29:59,480
Speaker 3: a little bit, and then I think it makes you

632
00:29:59,480 --> 00:30:01,560
Speaker 3: feel guilty because you feel like you're not doing enough.

633
00:30:01,600 --> 00:30:02,440
Speaker 2: Yeah, one hundred percent.

634
00:30:02,560 --> 00:30:05,320
Speaker 3: Well, speaking from experience, like that's definitely me. Like if

635
00:30:05,360 --> 00:30:08,080
Speaker 3: I look at I've overspent for the month, I sort

636
00:30:08,080 --> 00:30:10,160
Speaker 3: of try not to punish myself, but I am feeling

637
00:30:10,200 --> 00:30:12,840
Speaker 3: guilty that I've not met the budget that I set

638
00:30:12,880 --> 00:30:16,040
Speaker 3: for myself. So perhaps I need to review my strategy.

639
00:30:16,160 --> 00:30:18,640
Speaker 2: And then that's unreasonable because then you look at your

640
00:30:18,640 --> 00:30:20,520
Speaker 2: budget and you go, well, that wasn't actually going to

641
00:30:20,600 --> 00:30:24,320
Speaker 2: work given the things I did this month, So it's crazy, right,

642
00:30:24,400 --> 00:30:26,520
Speaker 2: Like I used to do exactly the same thing, and

643
00:30:26,560 --> 00:30:29,560
Speaker 2: then you would crucify yourself over you know, spending over

644
00:30:29,680 --> 00:30:31,640
Speaker 2: but you're like, yeah, but what you didn't take into

645
00:30:31,640 --> 00:30:35,400
Speaker 2: consideration was that You've got friend's birthdates, my mum's birthday,

646
00:30:35,440 --> 00:30:37,520
Speaker 2: I've got all these other things that needed to be

647
00:30:37,560 --> 00:30:39,960
Speaker 2: taken into consideration in the budget. I didn't go over

648
00:30:40,120 --> 00:30:44,200
Speaker 2: I just didn't plan efficiently the first time. Yeah, yeah, definitely,

649
00:30:44,400 --> 00:30:47,320
Speaker 2: it's crazy. All right. Well, you mentioned maybe what your

650
00:30:47,320 --> 00:30:49,520
Speaker 2: worst money habit is, but I want to know what

651
00:30:49,600 --> 00:30:51,760
Speaker 2: do you think officially your worst money habit is.

652
00:30:52,000 --> 00:30:55,280
Speaker 3: Yeah, definitely over spending on eating out. Yeah, I just

653
00:30:55,360 --> 00:30:58,880
Speaker 3: I really valuing nice dinners with friends, and then yeah,

654
00:30:58,920 --> 00:31:01,560
Speaker 3: just the cheeky lunch on the weekends and things like that.

655
00:31:01,680 --> 00:31:03,760
Speaker 3: So that sort of stuff can really blow the budget

656
00:31:03,760 --> 00:31:04,400
Speaker 3: out quite quickly.

657
00:31:04,480 --> 00:31:06,280
Speaker 2: I feel like we'd get along really well because that's

658
00:31:06,320 --> 00:31:09,320
Speaker 2: exactly where I'm spending my money too. Don't worry. All right,

659
00:31:09,440 --> 00:31:11,920
Speaker 2: we have covered a lot, and I am very conscious

660
00:31:11,920 --> 00:31:15,040
Speaker 2: of time. But now that we've talked, I feel like

661
00:31:15,080 --> 00:31:16,960
Speaker 2: I've got a good idea of who you are, and

662
00:31:17,040 --> 00:31:19,560
Speaker 2: I'm genuinely so impressed. Not only do I think that

663
00:31:19,600 --> 00:31:21,760
Speaker 2: we could probably be best friends, because everything that you're saying,

664
00:31:21,760 --> 00:31:23,200
Speaker 2: I'm like, yep, I think we're on the same page.

665
00:31:23,280 --> 00:31:23,440
Speaker 1: Yep.

666
00:31:23,480 --> 00:31:25,360
Speaker 2: Oh you're like going out. Yep, me too, great one

667
00:31:25,440 --> 00:31:27,720
Speaker 2: hundred percent. Your dog barked before, and I was like, great,

668
00:31:27,720 --> 00:31:29,640
Speaker 2: she's a dog person. Ten out of ten love this.

669
00:31:30,320 --> 00:31:32,600
Speaker 2: But I feel like you've come so far, Like you

670
00:31:32,680 --> 00:31:36,320
Speaker 2: have this epic salary, you're already well onto the way

671
00:31:36,520 --> 00:31:39,840
Speaker 2: of saving for your first home. You're saving thirty five

672
00:31:39,880 --> 00:31:42,600
Speaker 2: percent of your salary, which is like mind blowing to me.

673
00:31:42,880 --> 00:31:45,200
Speaker 2: You're planning for forty you have a five thousand dollars

674
00:31:45,280 --> 00:31:49,560
Speaker 2: investment portfolio, You've got your emergency fund. You said really

675
00:31:49,760 --> 00:31:53,080
Speaker 2: interesting things before when we're talking about your investment portfolio,

676
00:31:53,320 --> 00:31:55,960
Speaker 2: like it was very well thought out. You were talking

677
00:31:56,000 --> 00:31:58,640
Speaker 2: about the importance of diversification. Then you said I've got

678
00:31:58,640 --> 00:32:01,000
Speaker 2: some high growth lithium stuff in there as well. I'm like,

679
00:32:01,120 --> 00:32:03,600
Speaker 2: this woman's clearly switched on, like she knows what she's

680
00:32:03,640 --> 00:32:06,160
Speaker 2: talking about. You've got a strategy for your hex, you've

681
00:32:06,160 --> 00:32:08,640
Speaker 2: already thought about it. But you seem to think that

682
00:32:08,680 --> 00:32:12,360
Speaker 2: you're just a B plus. Is that fair? Now we

683
00:32:12,480 --> 00:32:13,760
Speaker 2: reflect on things.

684
00:32:14,680 --> 00:32:17,000
Speaker 3: Or our own worst critic, I guess one hundred percent

685
00:32:17,080 --> 00:32:20,560
Speaker 3: we are maybe as I think that there's always room

686
00:32:20,600 --> 00:32:22,400
Speaker 3: for improvement, there's always.

687
00:32:22,160 --> 00:32:25,480
Speaker 2: Room for improvement. But I was just when someone says

688
00:32:25,480 --> 00:32:27,560
Speaker 2: B plus and then they come at me with the

689
00:32:27,640 --> 00:32:30,000
Speaker 2: story that you've just told me, I'm like, nah, babe,

690
00:32:30,000 --> 00:32:32,040
Speaker 2: you're not a B plus like and I think everyone

691
00:32:32,080 --> 00:32:35,040
Speaker 2: listening to this is like, no, Victoria's right on this one.

692
00:32:35,200 --> 00:32:37,280
Speaker 2: It's not often that I'm right, but my friend, I'm

693
00:32:37,360 --> 00:32:39,520
Speaker 2: right today. But oh my gosh, I feel like this

694
00:32:39,680 --> 00:32:43,840
Speaker 2: is such a motivating story. Your mindset is so beautiful,

695
00:32:43,960 --> 00:32:46,720
Speaker 2: and I feel like having been able to share this

696
00:32:46,840 --> 00:32:49,560
Speaker 2: time with you and understand how you pivoted your mindset

697
00:32:49,600 --> 00:32:51,480
Speaker 2: and like, I guess what you grew up with and

698
00:32:51,560 --> 00:32:55,400
Speaker 2: what has changed. It's really a story of exactly knowing

699
00:32:55,440 --> 00:32:57,680
Speaker 2: that it doesn't matter what your upbringing looked like, you

700
00:32:57,720 --> 00:33:00,160
Speaker 2: can actually create the life that you want and and

701
00:33:00,200 --> 00:33:04,280
Speaker 2: actually being your control. Like it's wild to think that

702
00:33:04,480 --> 00:33:06,280
Speaker 2: a little girl who grew up with a mum who

703
00:33:06,360 --> 00:33:09,160
Speaker 2: controlled her finances and lived everything on credit now in

704
00:33:09,240 --> 00:33:10,920
Speaker 2: s one hundred and thirty grand is saving for a

705
00:33:11,000 --> 00:33:14,280
Speaker 2: first home and is absolutely killing it. Like how cool?

706
00:33:15,040 --> 00:33:15,360
Speaker 3: Thank you?

707
00:33:15,440 --> 00:33:17,760
Speaker 2: Isn't that like the best thing ever? Anyway, I'm so

708
00:33:17,880 --> 00:33:19,920
Speaker 2: proud of you, and I know that the community is true,

709
00:33:19,920 --> 00:33:22,880
Speaker 2: so thank you so much for sharing your story with us.

710
00:33:23,000 --> 00:33:23,720
Speaker 2: I'm obsessed.

711
00:33:24,120 --> 00:33:26,080
Speaker 3: Thank you, thank you for having me, and thank you

712
00:33:26,120 --> 00:33:28,200
Speaker 3: for everything that you do for the community. Yeah, a

713
00:33:28,200 --> 00:33:29,560
Speaker 3: massive advocate for you guys.

714
00:33:36,080 --> 00:33:38,600
Speaker 2: The advice shared on She's on the Money is general

715
00:33:38,680 --> 00:33:42,520
Speaker 2: in nature and does not consider your individual circumstances. She's

716
00:33:42,560 --> 00:33:46,040
Speaker 2: on the Money exists purely for educational purposes and should

717
00:33:46,040 --> 00:33:49,240
Speaker 2: not be relied upon to make an investment or financial decision.

718
00:33:49,600 --> 00:33:52,080
Speaker 2: If you do choose to buy a financial product, read

719
00:33:52,080 --> 00:33:56,240
Speaker 2: the PDS TMD and obtain appropriate financial advice tailored towards

720
00:33:56,240 --> 00:33:59,520
Speaker 2: your needs. Victoria Divine and She's on the Money are

721
00:33:59,560 --> 00:34:03,000
Speaker 2: authorized representatives of money sirper P T Y L t

722
00:34:03,120 --> 00:34:05,880
Speaker 2: D A b N three two one six four nine

723
00:34:05,960 --> 00:34:08,960
Speaker 2: two seven seven zero eight a F s L four

724
00:34:09,000 --> 00:34:12,600
Speaker 2: five one two eight nine