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

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Speaker 1: the Order Kerni Whaltbury 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. She's on the Money.

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Speaker 3: She's on the Money.

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

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Speaker 2: that lets you me pervy about other people's money habits

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Speaker 2: educational purposes of course. Welcome back to another one of

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Speaker 2: our money days where I get the absolute privilege of

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Speaker 2: sitting down and talking to 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 today, because I got a message

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Speaker 2: this week and it sounded exactly like this, Dear She's

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Speaker 2: on the Money. I moved to Melbourne alone to start

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Speaker 2: my dream job in twenty twenty, during the peak of

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Speaker 2: COVID lockdowns. I've gone from spending and barely scraping by

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Speaker 2: to owning property with the love of my life, an

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Speaker 2: eighty thousand dollars super balance and investing regularly. But I'm

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Speaker 2: currently struggling with the weight of an inheritance that I

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Speaker 2: unfortunately received from my late father, and I'm trying to

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Speaker 2: figure out what I should be doing with it to

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Speaker 2: honor his memory. Money Darist, welcome to the show so much.

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Speaker 2: Oh my goodness, I'm so excited to have you here.

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Speaker 2: As always, I'm going to ask the first cab off

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Speaker 2: the rank, if I asked you to give your money

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Speaker 2: habits a grade from A three to F, what would

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Speaker 2: your money habit grade be?

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Speaker 4: I would say being minus. At the moment, I do

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Speaker 4: think I have great concrete habits. But you know, with

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Speaker 4: my ADHD in my figure fullness, the ADHD tax is real.

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Speaker 2: Oh my god. We were talking about this before we

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Speaker 2: started recording, and I think we're on the same page,

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Speaker 2: which I think is going to mean that this episode

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Speaker 2: is one going to be really fun to listen to. Also,

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Speaker 2: if we go off track, that's not our fault, that's

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Speaker 2: not our fault, Like we're trying our best here, guys.

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Speaker 2: That's why I have a producer watching everything I do

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Speaker 2: to make sure that I don't go off track. Money diarist,

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Speaker 2: I feel like this is such a good money story

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Speaker 2: to share, like COVID lockdowns to meeting the love of

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Speaker 2: your life, and then in the mix of that, going

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Speaker 2: what the hell do I do with an inheritance? Because

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Speaker 2: that is a very heavy weight to carry, right, So

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Speaker 2: can you dive in and tell us a little bit

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Speaker 2: more about your money story.

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Speaker 4: So, my attitude towards money and my money's has definitely

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Speaker 4: evolved and changed over time. Growing up, money wasn't really

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Speaker 4: spoken about much at home. We never went without. I

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Speaker 4: come from a really big family. I have three siblings,

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Speaker 4: and now I look at how expensive life is, and

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Speaker 4: I can't imagine how my parents did it, you know,

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Speaker 4: on the money that they were earning back then, and

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Speaker 4: you know, I.

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Speaker 2: Don't know how anyone's doing it even these days, Like

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Speaker 2: can you imagine having four kids? Lordie?

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Speaker 4: Yeah, I just I don't know how they did it.

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Speaker 4: And yeah, I don't know how people are doing it now,

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Speaker 4: because it's obviously much worse than how it was back then.

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Speaker 4: My Mum was a big spender and still is. Some

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Speaker 4: of my first memories with her I was going to

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Speaker 4: local shopping centers on Sunday morning and going close shopping.

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Speaker 4: We always went on holidays as families and played lots

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Speaker 4: of sport, but at times, I know it wasn't easy

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Speaker 4: for my parents. It was a lot of credit card

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Speaker 4: usage and things that went under the rug to make

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Speaker 4: sure that us kids kind of didn't know that there

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Speaker 4: were issues with money, which I don't know if I

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Speaker 4: look back at that now and think of it in

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Speaker 4: a positive or a.

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Speaker 2: Negative light, I don't know what. I think. That's sweet.

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Speaker 2: I'm not saying that that's the right thing, because we

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Speaker 2: obviously want to try and be transparent, but like, they

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Speaker 2: were just trying to give you the best childhood, and

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Speaker 2: that's so sweet, and they were.

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Speaker 4: Definitely trying to protect us, and you know, I didn't

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Speaker 4: really know until I was old enough to understand, which

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Speaker 4: is a good thing, I think.

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Speaker 2: So yeah, I just find it really sweet, especially when

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Speaker 2: you're like, oh, actually, oh, Mum and dad, thanks, but

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Speaker 2: also sorry.

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Speaker 4: And then yeah, So I've been working in the public

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Speaker 4: service since I was eighteen. I deferred from a UNI

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Speaker 4: degree because I didn't know if it was right for me.

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Speaker 4: I haven't gone back to UNI since I'm now twenty

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Speaker 4: six and I still haven't gone back to UNI. And

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Speaker 4: you know what, I'm happy what I'm doing at the moment,

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Speaker 4: which is great. My first government job I didn't really love.

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Speaker 4: It was more adamin based in the state government caught

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Speaker 4: permanency at nineteen and then I struggled with death facework

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Speaker 4: due to my ADHD, so it was looking for something

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Speaker 4: more operational and community focused.

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Speaker 2: Yeah, you're actually like out with people as opposed.

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Speaker 4: Yeah, and actually like communicating with people out in a field.

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Speaker 4: And then I applied when I was nineteen years old

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Speaker 4: for the job that i'm in now that i've been in.

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Speaker 2: Oh, you've had that for a while.

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Speaker 5: Yeah.

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Speaker 4: So I moved to Melbourne in twenty twenty during lockdown

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Speaker 4: from South Australia for this job and I've been in

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Speaker 4: that job ever since.

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Speaker 2: Oh my goodness. All right, So let's get a little

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Speaker 2: bit further into it, because you mentioned obviously dream job. Great,

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Speaker 2: you moved in the peak of COVID. What was that like,

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Speaker 2: because like moving during COVID, I feel like that would

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Speaker 2: have sucked terrifying.

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Speaker 4: So I was twenty one. I'd never lived out of home.

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Speaker 4: I could barely cook. I was calling mom and dad

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Speaker 4: all the time with you know, just some help.

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Speaker 2: How do I cook eggs?

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Speaker 4: Yeah? Pretty much. And yeah, I didn't know anyone when

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Speaker 4: I first moved here. I moved in April, so it

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Speaker 4: was just before the big lockdowns happened. But you know,

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Speaker 4: I walked into my first day of work and three

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Speaker 4: weeks later started talking to my fellow coworker who I

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Speaker 4: now live with, play a.

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Speaker 2: Little office romance.

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Speaker 4: And he moved from into state as well, So I

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Speaker 4: think we were both really connected during that period of

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Speaker 4: time and really looked after each other during COVID and

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Speaker 4: things like that. I don't know if I would have

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Speaker 4: been able to do it without him.

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Speaker 2: So, oh my god, it's funny how people find each other.

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Speaker 2: I love that so much. So all of that happened,

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Speaker 2: and now you own a property with him, Like that's

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Speaker 2: zero to five thousand, Like I've moved to Melbourne also

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Speaker 2: now I live here forever. Yep.

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Speaker 4: Yeah. And then in twenty twenty two, my dad got

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Speaker 4: diagnosed with terminal lung and brain cancer.

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Speaker 2: Oh far rout, that's so shit, Like there's just no

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Speaker 2: words when that tell me about your dad?

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Speaker 4: Though he was the careless man alive. He loved a beer,

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Speaker 4: he loved the footy, he loved the part. He's just

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Speaker 4: your superent boy's boy. He is a boy's boy. But

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Speaker 4: he did love having his only girl, which is me.

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Speaker 4: He was just the life of the party up until

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Speaker 4: the day he died, so much so that his wake

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Speaker 4: was actually more of a party than anything else.

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Speaker 2: How he would have wand it we would have loved that.

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Speaker 2: How good is that? So tell me more all about that,

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Speaker 2: because that's shit, Like, there's no other like words for that.

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Speaker 2: But he got diagnosed with terminal brain and lung cancer.

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Speaker 2: And what happens from then? Like was that a that

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Speaker 2: came out of the blue or was that something that

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Speaker 2: you know he'd been struggling with for a while and

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Speaker 2: it wasn't terminal, Like what did that journey look like?

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Speaker 4: I'm completely out of the blue. We it just went

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Speaker 4: from zero to one hundred. And you know, we got

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Speaker 4: told it's not if it's when, so pretty much straight

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Speaker 4: away we did get a terminal diagnosis, so we didn't know,

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Speaker 4: you know, how much time we were going to have with him.

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Speaker 4: I'm obviously living in Victoria. My family live into state,

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Speaker 4: so trying to navigate that work wise was really difficult.

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Speaker 4: But luckily, working for the federal government, I did get

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Speaker 4: a compassionate transfer, so I was able to transfer back

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Speaker 4: to my home state for a period of time to

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Speaker 4: be there to support my mum and also to support

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Speaker 4: my dad with his treatment as well. So I'm really

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Speaker 4: grateful that I was able to do that. But yeah,

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Speaker 4: it's we're navigating like no normal without having him around.

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Speaker 2: But yeah, that's really trash. I'm so sorry, but it

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Speaker 2: sounds like, oh my gosh, Like if something ever happened

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Speaker 2: to me, I would hope that my kids talk about

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Speaker 2: me in the same way you're talking about your dad.

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Speaker 2: Like that is you know when you just go, oh,

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Speaker 2: tell me about your dad, Like what was he like,

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Speaker 2: and you're like, oh, he was the coolest man alive,

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Speaker 2: Like that is the moment, Like that is the energy.

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Speaker 2: And like I love in your letter you wrote in

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Speaker 2: and you said, you know, I've got this inheritance and

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Speaker 2: it's a really heavyweight, but I want to like honor

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Speaker 2: his memory with it, and like, from my perspective as

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Speaker 2: somebody who really focused on inheritances, when I was, you know,

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Speaker 2: working as a financial advisor. That was something that I

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Speaker 2: was like, let's do something that makes them proud, like,

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Speaker 2: especially if you've got that positive relationship, Like how can

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Speaker 2: we happy here now? And that's really shit and I

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Speaker 2: wish I could change that and we would give all

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Speaker 2: this money back of course, just swap it, but we can't.

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Speaker 2: So now, how is he looking after you? Now he

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Speaker 2: can't be here? How do we do that?

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Speaker 1: So?

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Speaker 2: Talk me through getting an inheritance? Like is this something

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Speaker 2: that you know your dad was diagnosed? Were you talking

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Speaker 2: about this with him? Was this a surprise after he

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Speaker 2: passed away? How did this work?

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Speaker 4: I think that we already knew that we were going

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Speaker 4: to be receiving inheritance from a property that was being

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Speaker 4: sold that was in my father's name. So and my

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Speaker 4: mom was very transparent with us kids, saying like obviously

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Speaker 4: letting us know that money would go to us. So

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Speaker 4: obviously my mom and my siblings who lived back home,

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Speaker 4: were you know, getting the house ready for sale after

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Speaker 4: my dad passed away, and then it sold and we

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Speaker 4: just waited for all the legal stuff. But it was

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Speaker 4: kind of something I knew, but I didn't really know. Again,

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Speaker 4: like how much it would be or when I would

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Speaker 4: receive it. And you know, my partner and I really

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Speaker 4: wanted to get into our first property because I kept

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Speaker 4: going up and up and up, So I was kind

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Speaker 4: of originally holding off to wait and see what money

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Speaker 4: I would get to use that towards the house, but

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Speaker 4: we ended up buying property without it simply because of

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Speaker 4: the fact I didn't know how much I was going

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Speaker 4: to get or when I was going to get it all. So, yeah,

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Speaker 4: it was expecting something, but I didn't really know the

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Speaker 4: ins and outs of it until after my dad did

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Speaker 4: pass away.

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Speaker 2: Yeah, one hundred percent. And it's always such like I

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Speaker 2: love having I don't love but I love the idea

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Speaker 2: that you could have had conversations with him, but they're

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Speaker 2: also just so awkward and you don't want to be

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Speaker 2: spending your time platting with him about that when you

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Speaker 2: could be chatting about memories and like, you know, tell

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Speaker 2: me all this other stuff. Dad someone that.

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Speaker 4: Had terminal cancer light he didn't think his time was

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Speaker 4: up until this time was actually up, which I kind

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Speaker 4: of love that about him because he kind.

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Speaker 2: Of always like, nah, they're gas lighting me now.

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Speaker 4: He even died two weeks later than they said he would,

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Speaker 4: and he was like, you know what, I'm going to

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Speaker 4: push out another two.

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Speaker 2: He's like, nah, he had a point to prove. I

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Speaker 2: like the man.

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Speaker 4: Yeah, So he just like I think until the day

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Speaker 4: he died, he probably thought he was going to beat it,

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Speaker 4: which you know what, I actually I love that kind

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Speaker 4: of attitude that he always had towards his cancer. Like

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Speaker 4: my dad would complain about the smallest of things, but

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Speaker 4: when he got sick, he never complained about anything.

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Speaker 2: Oh what am I con So tell me a little

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Speaker 2: bit more. So we've got this inheritance and we'll get

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Speaker 2: back onto that in a hot minute. But like, you've

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Speaker 2: recently bought your like first home with the love of

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Speaker 2: your life, which is very cool, and you have a

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Speaker 2: very good superbalance. You said you had an eighty thousand

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Speaker 2: dollars super balance. But like, what are your big money goals?

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Speaker 2: Because for most people your age, like you're just a

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Speaker 2: baby to me, you're twenty six, most people aren't buying

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Speaker 2: their first home till thirty six. Like, what's your big

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Speaker 2: money goal now?

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Speaker 4: So I would say that my money goals actually changed

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Speaker 4: since my dad has passed away. So my old long

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Speaker 4: term money goal was probably by now to have like

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Speaker 4: a second property or really focused on my shares portfolio

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Speaker 4: and try and invest more. But now after my dad's

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Speaker 4: passed away, my money goal is to travel the world.

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Speaker 4: So since passing my dad passed away in twenty three,

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Speaker 4: I've been on four overseas trips and I have another

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Speaker 4: three goal this year, including a two month Europe trip

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Speaker 4: this year. So and then, like I guess, a long

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Speaker 4: term money goal for me now would be to do

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Speaker 4: a three to six month trip in either South America

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Speaker 4: or Southeast Asia in twenty six or twenty twenty seven.

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Speaker 4: So I think now that we're stable in the sense

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Speaker 4: of property and that I do have an investment portfolio

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Speaker 4: that I am probably not pushing into as much as

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Speaker 4: I was previously. But I think right now, like my

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Speaker 4: dad didn't get to retire, he was medically retired due

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Speaker 4: to his cancer, So I think for me, it's like

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Speaker 4: one of those things that people wait to retire to travel.

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Speaker 4: And obviously this is grateful that I'm in the position

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Speaker 4: that I'm in that I'm able to, you know, take

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Speaker 4: time orf work and travel overseas for extended periods of time.

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Speaker 4: But while I am able bodied and while I am young,

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Speaker 4: I want to try and do as much trouble as

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Speaker 4: I possibly can, so whilst holding it on my job

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Speaker 4: because I love my job.

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Speaker 2: So yeah, no, I love that. I feel, like I

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Speaker 2: have said so many times on the podcast and in

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Speaker 2: my personal life, old age is a privilege denied to many. Yes,

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Speaker 2: it is something that you know. I'm always talking to

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Speaker 2: my parents about it. I'm like, nah, we live in

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Speaker 2: life now that like, we live in life now. Like

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Speaker 2: It's why I also don't subscribe on the flip side

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Speaker 2: to like, you know how there's lots of people who

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Speaker 2: are like financial independence, we're early rarah, Like no, sorry,

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Speaker 2: we have to enjoy the journey. Like I've had too

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Speaker 2: many people around me who haven't been able to enjoy

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Speaker 2: that journey because they've been like saving for retirement and

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Speaker 2: then unfortunately retirement didn't come. And it's a really trashy

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Speaker 2: lesson that you've had to learn, right, Like you had

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Speaker 2: to go through literally the worst experience I'm assuming of

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Speaker 2: your entire life to learn. Actually, I don't want to

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Speaker 2: buy a second property. I want to enjoy the journey.

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Speaker 2: But what a gift, cheers Dad, Yeah, he'd be so proud, right, Like,

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Speaker 2: imagine if he could like just have a little check

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Speaker 2: in and be like, I wonder what money Dirist is

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Speaker 2: up to, he'd be like, oh, she do be slaying life.

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Speaker 2: He would be so proud. He'd be drinking beers. He's

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Speaker 2: definitely drinking beers watching he is.

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Speaker 4: And there's so many places in the world that he

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Speaker 4: didn't get to go to and things that he didn't

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Speaker 4: want to do. So I kind of want to do

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Speaker 4: that now for him as well. So you know, there's

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Speaker 4: so many places and so many things that he missed

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Speaker 4: out on saying that, Like I don't know, I just

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Speaker 4: want to see it in my own eyes and see

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Speaker 4: what he missed out.

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Speaker 2: Yeah, totally. All right, let's go to a really quick

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Speaker 2: break because I still have a lot of questions, and

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Speaker 2: on the flip side, I want to get more into

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Speaker 2: exactly what your inheritance is, what investments you have, what

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Speaker 2: your thoughts on debts are, and I think you might

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Speaker 2: have some good and bad money habits to share, So

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Speaker 2: guys don't go anywhere, all right, money direst We are back,

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Speaker 2: and I want to talk about investing. So you said

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Speaker 2: in your letter email message whatever, we're going to call

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Speaker 2: it in. You've got eighty grand of super sis. Just

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Speaker 2: a quick reminder, you're twenty six. That's actually a lot

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Speaker 2: of money. So I'm going to need some holes I

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Speaker 2: think filled in. How do you get eighty grand in

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Speaker 2: your super by the time you're twenty six.

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Speaker 4: So I've been working as a public servant, as I

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Speaker 4: said before, since I was eighteen years old. In my

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Speaker 4: public service job, we do get a super fifteen point

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Speaker 4: four percent on top of our salary.

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Speaker 2: We very nice.

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Speaker 4: Yeah, And I have obviously worked with a lot of

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Speaker 4: old time public servants since you're the public service, and

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Speaker 4: the one thing that they all love is super. Public

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Speaker 4: servants are obsessed with super. So when I was eighteen

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Speaker 4: and I first joined, somebody said to me, just put

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Speaker 4: fifteen or twenty dollars into your super per pey, and

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Speaker 4: then when you get a promotion, put a little bit more.

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Speaker 4: And then when you get another promotion, put a little

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Speaker 4: bit more.

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Speaker 2: And you're like, yeah, okay, no worries. Thanks for that advice,

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Speaker 2: because now I've taken it and I look incredible. I've

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Speaker 2: put on some maths, so, like, just to give a

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Speaker 2: little bit of context for those following along. If you're

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Speaker 2: twenty six lack our money diarist, and you're thinking, I

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Speaker 2: don't have eighty grand. Maybe that's because you're like, probably

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Speaker 2: not meant to have that much. In fact, the average

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Speaker 2: superannuation balance for women between the ages of twenty five

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Speaker 2: and twenty nine is actually twenty three thousand dollars and

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Speaker 2: for men it's twenty five thousand, four hundred. But money

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Speaker 2: direst I don't know if you've done this, but I

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Speaker 2: love a compound interest calculator. I have eighty thousand dollars

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Speaker 2: in retirement, Like if you retired in thirty years, that's

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Speaker 2: one point three million dollars, and you are still actively

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Speaker 2: consistently contributing, like you're gonna be fine and you're going

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Speaker 2: to travel the world. So I love this.

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Speaker 4: I do make extra contributions now still though, so currently

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Speaker 4: I do one hundred and twenty or four nights, so

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Speaker 4: it's not a huge amount, but it's obviously combounded so

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Speaker 4: much over the how long I've I've been in the

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Speaker 4: public service for eight years.

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Speaker 2: Yeah, that's wild. I love it. I love the prioritizing

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Speaker 2: that because it's just setting yourself up for success so

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Speaker 2: that right now you can enjoy the journey, but also

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Speaker 2: the journey isn't going to have to end when you

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Speaker 2: stop working. Tell me about other investments. So you're obviously

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Speaker 2: making extra contributions to your super but are you investing

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Speaker 2: in any other way?

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Speaker 4: Yes, So I currently do have some fun shares as

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Speaker 4: I call them with shares's, so it's just mixed bags

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Speaker 4: of companies. I guess it's things that I per shouldn't

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Speaker 4: listen to other people all the time, but you know,

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Speaker 4: little things that other people have told me to buy,

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Speaker 4: or stuff that I've just been kind of interested with.

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Speaker 4: So I currently have it's about true grand in total

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Speaker 4: with Telshop, Bank, West Farmers and Sigma Health, which I

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Speaker 4: bought really cheap, which very lucky.

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Speaker 2: So you're like, oh, I probably shouldn't listen to anybody,

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Speaker 2: but you just listed off like four blue chip stocks

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Speaker 2: that are quite popular in Australia, so like you're not

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Speaker 2: doing badly, Like I don't know who you've been listening to,

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Speaker 2: but they know what they're talking about, I think.

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Speaker 4: And then I also have sixteen thousand in the Vanguard

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Speaker 4: Australian Shares. How you're on ETF, so I've been putting

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Speaker 4: into that since COVID.

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Speaker 2: Oh my god, I'm obsessed. You're doing so well.

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Speaker 4: I was investing a lot more aggressively. But now as

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Speaker 4: my life's changed and I've got a mortgage now, and

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Speaker 4: you know, I guess my priorities have changed. I try

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Speaker 4: and put about one thousand in every three months or so.

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Speaker 4: And as a shift worker, like when I get a

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Speaker 4: big pay with penalties like Easter to pay, Christmas Dale

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Speaker 4: work Sundays and stuff like that, I try and put

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Speaker 4: that towards my investing.

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Speaker 2: I'm obsessed. This is so so good. So tell me

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Speaker 2: a little bit more. I'm going to get pervy. Now

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Speaker 2: you are trying to figure out what you do with

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Speaker 2: an inheritance from your dad. How much was that inheritance?

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Speaker 2: And like where is your like struggle is it because

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Speaker 2: you're like, oh, I don't know if I should spend

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Speaker 2: it on travel or in the sort of like talk

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Speaker 2: to me about this.

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Speaker 4: So I received one hundred and thirty five thousand dollars

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Speaker 4: in inheritance from my father when he passed away.

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Speaker 2: It's that you're looking up for me and.

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Speaker 4: I haven't spent a cent and I received this money

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Speaker 4: almost a year ago.

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Speaker 2: So where is it sitting right now? Is it a

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Speaker 2: high indred savings account.

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Speaker 4: In a high interest savings account. It's currently sitting with

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Speaker 4: four point nine percent. I know that there's probably better

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Speaker 4: ways to utilize it, but I think because I got

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Speaker 4: a different bank account to put it in there and

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Speaker 4: I haven't touched yet, I feel really funny about it.

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Speaker 4: I guess it's just and everyone's different. Like all my

408
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Speaker 4: siblings and my mom, they've all spent money, they're fine,

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Speaker 4: my brother started a business, and like, there's so many

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Speaker 4: amazing things that are happening with my family with that money.

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Speaker 4: But I guess just the way I viewed it in

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Speaker 4: comparison to my family has been very different. And obviously

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Speaker 4: I'm in a privileged position where I don't really need

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Speaker 4: to spend that money right now. But I guess I

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Speaker 4: don't want to diss on my dad or do anything

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Speaker 4: with it that I feel like he wouldn't like, because

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Speaker 4: at the end of the day, he worked his entire

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Speaker 4: life for that money and he wasn't able to spend.

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Speaker 2: It one hundred percent. I need to know more about

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Speaker 2: your dad. Let's go back. If your dad and you

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Speaker 2: sat down and had a conversation and you said, Dad,

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Speaker 2: you've given me one hundred and thirty five grand, Like,

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Speaker 2: that's wild. What would you want me to do with it?

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Speaker 2: What do you reckon?

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Speaker 4: He would say, set yourself up and travel.

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Speaker 2: Okay, so what would that look like? Because I feel

427
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Speaker 2: like you're already on the path for doing that. So

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Speaker 2: what do you reckon?

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Speaker 1: He like?

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Speaker 2: Is he a property man? Is he a shares man?

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Speaker 2: Is he a just blow it all on travel man?

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Speaker 4: Like he is a blow it all fun kind of man.

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Speaker 2: I like that, So like we can kind of not

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Speaker 2: go wrong when it comes to making decisions, because like,

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Speaker 2: what if we invested that amount? And I know that

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Speaker 2: that's a very hard decision to make, and it's definitely

437
00:19:51,760 --> 00:19:54,439
Speaker 2: not one especially on one hundred thousand dollars as an

438
00:19:54,480 --> 00:19:58,320
Speaker 2: initial deposit you should be making on your own, and

439
00:19:58,359 --> 00:20:01,159
Speaker 2: I think you maybe should get advice. But also you're

440
00:20:01,160 --> 00:20:05,000
Speaker 2: already investing in ETFs through Vanguard, Like it could be

441
00:20:05,040 --> 00:20:07,320
Speaker 2: doing a lot for you, because that one thirty five

442
00:20:07,400 --> 00:20:10,119
Speaker 2: by retirement's worth what close to two point five million

443
00:20:10,119 --> 00:20:14,240
Speaker 2: dollars if we invest it well, and to honor our dad,

444
00:20:14,960 --> 00:20:16,880
Speaker 2: I think we should be looking at what we can

445
00:20:16,920 --> 00:20:19,480
Speaker 2: do with those funds on a consistent basis. So like

446
00:20:19,560 --> 00:20:22,040
Speaker 2: let's zoom out for a hot second. Talk to me

447
00:20:22,080 --> 00:20:24,199
Speaker 2: about life, like you want to travel. You are just

448
00:20:24,240 --> 00:20:26,800
Speaker 2: a baby because like to me, anyone under the age

449
00:20:26,800 --> 00:20:29,800
Speaker 2: of thirty is still actually a teenager. And I'm pretty

450
00:20:29,800 --> 00:20:33,199
Speaker 2: sure there's COVID tax right, So like any age you

451
00:20:33,280 --> 00:20:36,639
Speaker 2: grew during COVID doesn't exist anymore. So you said you

452
00:20:36,720 --> 00:20:40,160
Speaker 2: moved during twenty twenty lockdown and you were like twenty one.

453
00:20:40,280 --> 00:20:44,200
Speaker 2: Baby's still twenty one. It's fine. So tell me about

454
00:20:44,200 --> 00:20:46,120
Speaker 2: what the rest of your life looks like. You've got

455
00:20:46,119 --> 00:20:48,879
Speaker 2: this very She showed me a photo of her. Was

456
00:20:48,880 --> 00:20:52,800
Speaker 2: it fiance? No, not yet, not yet, but he looks

457
00:20:52,840 --> 00:20:54,919
Speaker 2: like you could be a fiance. Well, I hope, so

458
00:20:55,040 --> 00:20:57,320
Speaker 2: one day is that something that we want to achieve? Like,

459
00:20:57,400 --> 00:20:59,399
Speaker 2: talk to me about what life looks like in the

460
00:20:59,440 --> 00:21:00,199
Speaker 2: next ten year.

461
00:21:00,560 --> 00:21:02,720
Speaker 4: So I don't think children is going to be in

462
00:21:02,760 --> 00:21:05,320
Speaker 4: the picture across just a personal thing. We both have

463
00:21:05,440 --> 00:21:08,000
Speaker 4: big families and can't wait to be fun. Auntie uncle

464
00:21:08,000 --> 00:21:10,000
Speaker 4: which over the black good bring little gifts home to

465
00:21:10,000 --> 00:21:12,840
Speaker 4: our nieces and nephews, and we've always spoken about that.

466
00:21:12,880 --> 00:21:15,600
Speaker 4: I think housewise, we love our little home. It's easy

467
00:21:15,640 --> 00:21:19,040
Speaker 4: to clean, easy to maintain, it's in a great location. Like,

468
00:21:19,080 --> 00:21:22,000
Speaker 4: I don't feel like we need anything bigger. I think

469
00:21:22,080 --> 00:21:24,600
Speaker 4: for us it would just be to try and maintain

470
00:21:24,840 --> 00:21:27,280
Speaker 4: our good dinners, nice cocktails.

471
00:21:27,320 --> 00:21:29,400
Speaker 2: I'm so excited for you. Like, don't get me wrong,

472
00:21:29,440 --> 00:21:31,520
Speaker 2: I adore being a mum, like I was born to

473
00:21:31,520 --> 00:21:34,679
Speaker 2: be a mum. But not everybody wants that. The fact

474
00:21:34,720 --> 00:21:37,359
Speaker 2: that you have the let's call it financial freedom right

475
00:21:37,359 --> 00:21:39,440
Speaker 2: now to go. I don't want that so any money

476
00:21:39,440 --> 00:21:41,600
Speaker 2: I earn right now. I'm not thinking about school fees.

477
00:21:41,680 --> 00:21:43,840
Speaker 2: I'm not thinking about child ring. I don't need to

478
00:21:43,840 --> 00:21:46,000
Speaker 2: know about this new like getting the bin, Like I

479
00:21:46,000 --> 00:21:48,080
Speaker 2: don't care. You can come to brunch with me, you

480
00:21:48,119 --> 00:21:50,840
Speaker 2: can drink the mimosa. I'll tell you about my lack

481
00:21:50,880 --> 00:21:53,040
Speaker 2: of sleep, and you can empathize with me and then

482
00:21:53,080 --> 00:21:55,639
Speaker 2: go on a holiday the next week. I love that

483
00:21:55,840 --> 00:21:58,879
Speaker 2: for you. So, like, maybe we need to look at

484
00:21:58,880 --> 00:22:03,600
Speaker 2: this inheritance that's making sure that you can continue that lifestyle. Yes,

485
00:22:03,760 --> 00:22:06,400
Speaker 2: so if we're investing it in a way that it

486
00:22:06,440 --> 00:22:09,240
Speaker 2: has some great returns, that we can then use those

487
00:22:09,320 --> 00:22:12,520
Speaker 2: returns to live our life and still go out for

488
00:22:12,560 --> 00:22:15,639
Speaker 2: really good dinners. How good's are dinner's on Dad? For

489
00:22:15,720 --> 00:22:19,360
Speaker 2: life like that, but like explain it that way, right,

490
00:22:19,440 --> 00:22:21,120
Speaker 2: Like if we can reframe it in a way where

491
00:22:21,160 --> 00:22:24,879
Speaker 2: it goes Dad's always going to cop our holidays. He

492
00:22:24,920 --> 00:22:25,879
Speaker 2: would be so proud.

493
00:22:26,040 --> 00:22:27,440
Speaker 4: You'd love it. He'd be so jealous.

494
00:22:27,480 --> 00:22:30,920
Speaker 2: That's taking us to Bali, Dad, You're taking us to Asia?

495
00:22:30,960 --> 00:22:34,199
Speaker 2: Like he would love that because you know what. I

496
00:22:34,240 --> 00:22:37,040
Speaker 2: know you're saying he worked his entire life for that money,

497
00:22:37,400 --> 00:22:40,240
Speaker 2: and he did, but now you know what, he can't

498
00:22:40,240 --> 00:22:42,480
Speaker 2: be here to enjoy it. The idea that one of

499
00:22:42,520 --> 00:22:45,200
Speaker 2: his kids, his only daughter, is going to get set

500
00:22:45,320 --> 00:22:47,800
Speaker 2: up to live her best life because he worked so hard.

501
00:22:48,119 --> 00:22:50,359
Speaker 2: That's why he did that. Yeah, that's why he did that.

502
00:22:50,480 --> 00:22:52,959
Speaker 2: It wasn't so that you can have it inner savings

503
00:22:52,960 --> 00:22:55,439
Speaker 2: account and go I don't want to touch it. I

504
00:22:55,520 --> 00:22:59,440
Speaker 2: know this man well enough now from this conversation over

505
00:22:59,480 --> 00:23:02,240
Speaker 2: a beer, be like, oh, she's just not doing anything

506
00:23:02,280 --> 00:23:02,600
Speaker 2: with it.

507
00:23:03,000 --> 00:23:05,240
Speaker 4: So would he was not.

508
00:23:05,160 --> 00:23:07,360
Speaker 2: Doing anything with it? Like why'd I give her that?

509
00:23:07,960 --> 00:23:11,360
Speaker 2: So we need to take action, But also we don't

510
00:23:11,359 --> 00:23:13,800
Speaker 2: want to take action so quick that we feel uncomfortable,

511
00:23:14,200 --> 00:23:17,160
Speaker 2: Like maybe you can sit on that money and not

512
00:23:17,520 --> 00:23:19,680
Speaker 2: touch it for another five years for all I care

513
00:23:20,040 --> 00:23:22,520
Speaker 2: but what we want to do is get really comfortable

514
00:23:22,560 --> 00:23:24,520
Speaker 2: with that money. Because right now you're telling me that

515
00:23:24,600 --> 00:23:28,160
Speaker 2: you're uncomfortable with it. That is okay, that is so fine,

516
00:23:28,480 --> 00:23:30,960
Speaker 2: But we need to you know, think about it and

517
00:23:31,000 --> 00:23:33,400
Speaker 2: maybe even journal a little about it, Like I want

518
00:23:33,400 --> 00:23:36,439
Speaker 2: you to write down why you're so uncomfortable, Like I

519
00:23:36,480 --> 00:23:38,639
Speaker 2: get not wanting to make the wrong decision, Like I

520
00:23:38,640 --> 00:23:40,359
Speaker 2: don't want to make the wrong decision either, because that

521
00:23:40,359 --> 00:23:43,000
Speaker 2: would be heartbreaking, Like you know, I don't want to

522
00:23:43,040 --> 00:23:46,040
Speaker 2: extrapolate it out, but like imagine all of that. Then

523
00:23:46,040 --> 00:23:47,719
Speaker 2: you make the wrong decision, then you're going to be

524
00:23:48,000 --> 00:23:50,480
Speaker 2: feeling trash because you're like, well that was my dad's

525
00:23:50,640 --> 00:23:53,679
Speaker 2: Like that wasn't just I saved for my house and

526
00:23:53,760 --> 00:23:56,399
Speaker 2: lost some of it. It's more meaningful than that. So

527
00:23:57,000 --> 00:23:59,159
Speaker 2: maybe we do need to get advice on this. So

528
00:24:00,000 --> 00:24:04,560
Speaker 2: I'm super excited about the journey and any good financial advisor,

529
00:24:04,600 --> 00:24:06,440
Speaker 2: and I can set you up with one if you want.

530
00:24:06,800 --> 00:24:09,320
Speaker 2: Any good advisor is not going to pressure you, like

531
00:24:09,359 --> 00:24:11,120
Speaker 2: they're going to go in your own time. What else

532
00:24:11,119 --> 00:24:13,840
Speaker 2: do you need? Like, how else can I support you

533
00:24:13,920 --> 00:24:15,760
Speaker 2: so that you're ready, so that you get to a

534
00:24:15,760 --> 00:24:17,800
Speaker 2: point where you're like why haven't we invested this yet?

535
00:24:17,880 --> 00:24:19,400
Speaker 2: Or why haven't we done that thing that we keep

536
00:24:19,440 --> 00:24:22,200
Speaker 2: talking about. That's the point that I want you at

537
00:24:22,480 --> 00:24:25,240
Speaker 2: so that you're pushing your advisor. Not your advisor is

538
00:24:25,359 --> 00:24:28,119
Speaker 2: like money, dost we have to invest right now, like

539
00:24:28,160 --> 00:24:30,760
Speaker 2: you're going to move an opportunity. Any advisor who says

540
00:24:30,800 --> 00:24:32,600
Speaker 2: that in the bin, it's graight in the bin.

541
00:24:32,760 --> 00:24:35,439
Speaker 4: Like I want to feel excited about honoring him and

542
00:24:35,520 --> 00:24:37,440
Speaker 4: using that money. Ba at the moment, I just don't

543
00:24:37,480 --> 00:24:40,240
Speaker 4: have that level of confidence with it yet.

544
00:24:40,359 --> 00:24:43,399
Speaker 2: No, And like I think that is around education and

545
00:24:43,480 --> 00:24:45,360
Speaker 2: sitting with it for a little bit, because like, let's

546
00:24:45,400 --> 00:24:47,840
Speaker 2: be honest, like it wasn't that long ago. No, Like

547
00:24:47,880 --> 00:24:49,640
Speaker 2: you haven't had the money that long. I think it's

548
00:24:49,720 --> 00:24:51,800
Speaker 2: really about just sitting with it and thinking about the

549
00:24:52,200 --> 00:24:54,680
Speaker 2: lifestyle that you want to create. If we can get

550
00:24:54,720 --> 00:24:58,200
Speaker 2: you excited about that and facilitating that. I think that

551
00:24:58,280 --> 00:25:01,000
Speaker 2: really ties in to the I think we really are

552
00:25:01,040 --> 00:25:04,879
Speaker 2: honoring this man, like that's pretty cool, and like maybe

553
00:25:04,880 --> 00:25:07,199
Speaker 2: you could even have like a little habit or a

554
00:25:07,240 --> 00:25:09,399
Speaker 2: little like nod to him every time you go on

555
00:25:09,400 --> 00:25:10,840
Speaker 2: a holiday where it's like, all right, well we have

556
00:25:10,960 --> 00:25:12,920
Speaker 2: to have the first beer at the bar for him

557
00:25:13,240 --> 00:25:15,719
Speaker 2: or something along those lines, which is just both sweet.

558
00:25:15,760 --> 00:25:16,679
Speaker 4: I really liked that.

559
00:25:17,800 --> 00:25:21,199
Speaker 2: How do we intertwine him into your life so that

560
00:25:21,240 --> 00:25:23,520
Speaker 2: you go, nah, I really am honoring this. I am

561
00:25:23,560 --> 00:25:24,520
Speaker 2: making the most of this.

562
00:25:25,000 --> 00:25:27,080
Speaker 4: Yeah no, that sounds mazey.

563
00:25:27,520 --> 00:25:31,120
Speaker 2: So on the flip side, you have a mortgage already

564
00:25:31,160 --> 00:25:33,320
Speaker 2: because you've worked your butt off with your partner. Tell

565
00:25:33,359 --> 00:25:35,159
Speaker 2: me about how much debt you're in.

566
00:25:35,480 --> 00:25:38,320
Speaker 4: So, our mortgage is currently sitting at four hundred and

567
00:25:38,440 --> 00:25:41,440
Speaker 4: ninety thousand. We paid five hundred and fifty thousand dollars

568
00:25:41,480 --> 00:25:44,399
Speaker 4: for our property and we currently have fifty one and

569
00:25:44,480 --> 00:25:46,840
Speaker 4: seventy nine dollars in the offset of the home loan.

570
00:25:47,040 --> 00:25:51,360
Speaker 2: Excuse me? What look at you guys? Go? So take

571
00:25:51,400 --> 00:25:53,159
Speaker 2: me back. How much money are you earning?

572
00:25:53,359 --> 00:25:56,480
Speaker 4: So? I currently my base salary is eighty one thousand,

573
00:25:56,560 --> 00:25:59,760
Speaker 4: six hundred dollars. However, with the nature of my work

574
00:26:00,080 --> 00:26:02,639
Speaker 4: allowances I receive for different skills and training I have

575
00:26:02,880 --> 00:26:06,800
Speaker 4: and shift work including some weekend and interstate trouble, I'm

576
00:26:06,840 --> 00:26:09,400
Speaker 4: calculated to make one hundred and ten thousand this financial year.

577
00:26:09,520 --> 00:26:13,160
Speaker 2: Okay, baby, queen? Yeah, no, wonder You're like, I don't

578
00:26:13,200 --> 00:26:15,880
Speaker 2: need to go to UNI, Like, what are you going

579
00:26:15,920 --> 00:26:18,920
Speaker 2: to UNI for? Like, that's a good deal, now, would

580
00:26:18,960 --> 00:26:21,439
Speaker 2: it be corrected me to assume that your partner's on

581
00:26:21,480 --> 00:26:23,320
Speaker 2: something similar because you said you made it work.

582
00:26:23,520 --> 00:26:26,640
Speaker 4: Yes, so my partner works in a government role as well,

583
00:26:26,840 --> 00:26:31,720
Speaker 4: similar organization. However, he works away month or month off. Yeah, okay,

584
00:26:31,800 --> 00:26:33,760
Speaker 4: which is great for our travel because you don't have

585
00:26:33,760 --> 00:26:37,320
Speaker 4: to take annually for us to go overseas. How Yeah,

586
00:26:37,359 --> 00:26:39,600
Speaker 4: and his base rage is seventy five thousand, but he

587
00:26:39,680 --> 00:26:41,640
Speaker 4: makes between one hundred and twenty and one hundred and thirty

588
00:26:41,680 --> 00:26:42,440
Speaker 4: with his penalties.

589
00:26:42,600 --> 00:26:45,840
Speaker 2: Oh okay, so we've got a really nice we'd double income,

590
00:26:45,920 --> 00:26:50,480
Speaker 2: no kids, household. We're ADNK square deep. I love that

591
00:26:50,680 --> 00:26:53,240
Speaker 2: you're like the like icon dink too, because like some

592
00:26:53,320 --> 00:26:56,600
Speaker 2: dinks don't have heaps and heaps of cash, but these ones,

593
00:26:56,920 --> 00:26:59,879
Speaker 2: these ones are going to be really rich guys. So

594
00:27:00,280 --> 00:27:02,960
Speaker 2: I loved this for you. So tell me a little

595
00:27:03,000 --> 00:27:04,720
Speaker 2: bit more about the plan to get rid of debt,

596
00:27:04,840 --> 00:27:07,880
Speaker 2: Like are you just paying it off and like slowly

597
00:27:08,040 --> 00:27:10,480
Speaker 2: slowly because you want to invest because like obviously you've

598
00:27:10,520 --> 00:27:13,040
Speaker 2: got your fun shares, You've got your Vanguard ETF, you've

599
00:27:13,080 --> 00:27:16,400
Speaker 2: got your super like, what's the plan around debt reduction.

600
00:27:16,640 --> 00:27:19,159
Speaker 4: I think at the moment we're kind of just chipping

601
00:27:19,160 --> 00:27:21,679
Speaker 4: away because we have other things in the works that

602
00:27:21,760 --> 00:27:24,320
Speaker 4: we're saving towards, like figure of trip this year, and

603
00:27:24,400 --> 00:27:27,439
Speaker 4: I've got a couple of other smaller trips planned, like

604
00:27:27,480 --> 00:27:30,399
Speaker 4: with friends earlier this year as well. But our interest

605
00:27:30,480 --> 00:27:33,320
Speaker 4: rate did go down, and we've kept paying the same amount,

606
00:27:33,640 --> 00:27:35,919
Speaker 4: plus obviously having the fifty one thousand, and then the

607
00:27:35,960 --> 00:27:38,480
Speaker 4: offset is offsetting the mortgage a bit, and we're paying

608
00:27:38,520 --> 00:27:42,000
Speaker 4: our minimum repayments still and we pay fortnightly and try

609
00:27:42,040 --> 00:27:45,359
Speaker 4: and do those type of things to just chip away

610
00:27:45,359 --> 00:27:46,639
Speaker 4: at that little bit quicker.

611
00:27:46,640 --> 00:27:49,359
Speaker 2: Yes, smart, And did your interest rate go down because

612
00:27:49,359 --> 00:27:51,480
Speaker 2: you're broken negotiated it or was it just one of

613
00:27:51,520 --> 00:27:52,960
Speaker 2: those automatic bank ones?

614
00:27:53,160 --> 00:27:54,560
Speaker 4: This was one of the automatic bank ones.

615
00:27:54,640 --> 00:27:57,200
Speaker 2: Yet sexy though that it's nice that they just pass

616
00:27:57,240 --> 00:27:59,840
Speaker 2: it on and you don't even have to lift a finger. Now,

617
00:28:00,080 --> 00:28:01,879
Speaker 2: I feel like you've got some good and maybe some

618
00:28:02,000 --> 00:28:05,160
Speaker 2: naughty money habits, but like you've earned them, like you've

619
00:28:05,200 --> 00:28:08,080
Speaker 2: got good income. Talk to me about what you think

620
00:28:08,160 --> 00:28:09,919
Speaker 2: your best money habit is.

621
00:28:10,240 --> 00:28:12,720
Speaker 4: My best money habit would be If I want something,

622
00:28:12,840 --> 00:28:16,680
Speaker 4: I'll do whatever I can to work towards achieving it.

623
00:28:17,280 --> 00:28:19,440
Speaker 4: I think I struggle when I don't have a clear goal,

624
00:28:19,480 --> 00:28:21,359
Speaker 4: But if I do have a clear goal, I do

625
00:28:21,440 --> 00:28:24,560
Speaker 4: become a bit obsessed with it and lock in. Like

626
00:28:24,680 --> 00:28:27,280
Speaker 4: this Europe trip coming up this year, I'd said to myself,

627
00:28:27,280 --> 00:28:29,399
Speaker 4: And when I have fifteen thousand dollars for the Europe

628
00:28:29,400 --> 00:28:33,720
Speaker 4: trip saved by August and we're sitting at in middle

629
00:28:33,760 --> 00:28:35,560
Speaker 4: of April at the moment and I have thirteen and

630
00:28:35,560 --> 00:28:36,840
Speaker 4: a half thousand.

631
00:28:36,480 --> 00:28:39,640
Speaker 2: Saved, Oh okay, you're like really on track.

632
00:28:39,960 --> 00:28:42,520
Speaker 4: So when I really really want something, I feel like

633
00:28:42,800 --> 00:28:44,880
Speaker 4: I do whatever I can. I think it's probably my

634
00:28:45,520 --> 00:28:49,440
Speaker 4: eighth year as well. Like I get obsessed and hyperfixated,

635
00:28:49,960 --> 00:28:52,080
Speaker 4: and then I guess. The other really great money habit

636
00:28:52,120 --> 00:28:54,520
Speaker 4: that I have is we love going out to eat.

637
00:28:54,640 --> 00:28:56,840
Speaker 4: We love going out for drinks, so we use like

638
00:28:56,880 --> 00:28:58,640
Speaker 4: a lot of eat Club and First Table.

639
00:28:58,960 --> 00:29:02,160
Speaker 2: I was talking about these today with my team. They're good.

640
00:29:02,280 --> 00:29:06,040
Speaker 4: Hey, all of those things to get you know, cheaper meals.

641
00:29:06,080 --> 00:29:07,360
Speaker 4: Like well, if I have to go to dinner at

642
00:29:07,360 --> 00:29:09,600
Speaker 4: six instead of seven and I'm paying fifty percent.

643
00:29:09,360 --> 00:29:11,160
Speaker 2: Off, I don't care, and you're going home and you're

644
00:29:11,160 --> 00:29:13,640
Speaker 2: getting in bed and reading your book early, like exactly

645
00:29:14,440 --> 00:29:18,160
Speaker 2: say Less, like I feel like COVID Really it didn't

646
00:29:18,160 --> 00:29:20,719
Speaker 2: do it so dirty, Like obviously I didn't love COVID,

647
00:29:20,760 --> 00:29:23,600
Speaker 2: but it really did teach me that I actually do

648
00:29:23,880 --> 00:29:25,960
Speaker 2: like being at home, Like I like going out, but

649
00:29:26,000 --> 00:29:29,000
Speaker 2: I don't want an eight pm dinner booking oh six.

650
00:29:28,840 --> 00:29:31,600
Speaker 4: Pm dinner and like two cocktails after bed.

651
00:29:31,640 --> 00:29:34,960
Speaker 2: By nine pm, you're like home, You're feeling nice and

652
00:29:35,080 --> 00:29:38,200
Speaker 2: warm from the two cocktails. It's eight thirty nine o'clock,

653
00:29:38,640 --> 00:29:41,880
Speaker 2: we're having in everything, shower, we're going to bed. We

654
00:29:42,000 --> 00:29:44,160
Speaker 2: still have a day ahead of us tomorrow. We don't

655
00:29:44,160 --> 00:29:46,680
Speaker 2: need to sleep in, like say Less, that is.

656
00:29:46,680 --> 00:29:48,360
Speaker 4: The dream, and I can still wake up and go

657
00:29:48,400 --> 00:29:49,960
Speaker 4: to plarties in the morning without being hver.

658
00:29:50,200 --> 00:29:53,760
Speaker 2: She's living her best life literally, So talk to me

659
00:29:53,800 --> 00:29:56,000
Speaker 2: a little bit more about how you're able to lock in,

660
00:29:56,280 --> 00:29:59,640
Speaker 2: because I think so many people with ADHD we really

661
00:30:00,520 --> 00:30:04,560
Speaker 2: around goal setting and actually achieving things. What do you

662
00:30:04,560 --> 00:30:08,280
Speaker 2: think of secret sources when it comes to actually being

663
00:30:08,280 --> 00:30:09,800
Speaker 2: able to achieve those goals?

664
00:30:10,040 --> 00:30:12,680
Speaker 4: I think if I have something already booked or planned,

665
00:30:12,800 --> 00:30:15,000
Speaker 4: it's like, well, I have to do it now. So

666
00:30:15,200 --> 00:30:17,120
Speaker 4: if I just say, oh, I'm going to Europe and

667
00:30:17,160 --> 00:30:19,640
Speaker 4: I don't have anything planned. I don't have tickets booked

668
00:30:19,720 --> 00:30:22,280
Speaker 4: or and you'll leave booked or anything like that. I

669
00:30:22,320 --> 00:30:24,440
Speaker 4: probably wouldn't be able to save like that. But the

670
00:30:24,520 --> 00:30:27,480
Speaker 4: day in my brain, I go, oh my god, I'm

671
00:30:27,520 --> 00:30:29,400
Speaker 4: going to Europe. And then the things that I do.

672
00:30:29,480 --> 00:30:31,280
Speaker 4: I put the countries that I'm going to. I'll put

673
00:30:31,280 --> 00:30:33,400
Speaker 4: it on my screen saver, put it on my phone

674
00:30:33,560 --> 00:30:35,640
Speaker 4: as a like on thing, put it on a vision board.

675
00:30:36,000 --> 00:30:38,120
Speaker 4: I talk about it with people in this Europe trip

676
00:30:38,160 --> 00:30:39,000
Speaker 4: that I've got going on.

677
00:30:39,160 --> 00:30:42,160
Speaker 2: So I guess it just becomes cutting a personality, takes

678
00:30:42,200 --> 00:30:43,240
Speaker 2: over my every thought.

679
00:30:43,400 --> 00:30:44,680
Speaker 4: So then I have to do it.

680
00:30:45,840 --> 00:30:47,600
Speaker 2: No, I like it. I am a bit the same.

681
00:30:48,000 --> 00:30:49,040
Speaker 2: I need a deadline.

682
00:30:49,080 --> 00:30:51,880
Speaker 4: There's no smart way about it. I just obsess.

683
00:30:52,160 --> 00:30:53,800
Speaker 2: So tell me about your worst money have it.

684
00:30:53,920 --> 00:30:56,080
Speaker 4: I forget to do a lot of things, so my

685
00:30:56,120 --> 00:30:59,040
Speaker 4: direct debits, my money is literally everywhere still as much

686
00:30:59,040 --> 00:31:00,920
Speaker 4: as it. I like, am even talking to you, like,

687
00:31:00,960 --> 00:31:03,320
Speaker 4: I go, oh my gosh, I've done so much. But

688
00:31:03,760 --> 00:31:07,880
Speaker 4: my money system I don't really have a plan set out.

689
00:31:08,080 --> 00:31:10,240
Speaker 4: I forget to set up direct debts, I forget to

690
00:31:10,280 --> 00:31:13,680
Speaker 4: cancel subscriptions shoot to my ADHD. I often end up

691
00:31:13,720 --> 00:31:16,360
Speaker 4: paying for multiple streaming services at once that I forget.

692
00:31:16,400 --> 00:31:19,280
Speaker 4: Two weeks ago, I sent Hello Fresh Animal Spoon to

693
00:31:19,320 --> 00:31:20,520
Speaker 4: our house on the same day.

694
00:31:20,760 --> 00:31:23,680
Speaker 2: Oh good, you can play them stay each other.

695
00:31:24,200 --> 00:31:27,760
Speaker 4: Yeah, and then a little drinking game up I downloaded

696
00:31:27,800 --> 00:31:29,720
Speaker 4: the other day on my phone, which was free for

697
00:31:29,800 --> 00:31:30,280
Speaker 4: three days.

698
00:31:30,280 --> 00:31:32,040
Speaker 2: But it was only free for three days. But now

699
00:31:32,080 --> 00:31:33,520
Speaker 2: you've paid for more than three days.

700
00:31:33,600 --> 00:31:37,000
Speaker 4: Yeah, so twenty dollars yeap. So I just feel like

701
00:31:37,520 --> 00:31:39,040
Speaker 4: it's organized payoffs.

702
00:31:39,120 --> 00:31:41,280
Speaker 2: So this is where kids might come in handy. So

703
00:31:41,280 --> 00:31:43,320
Speaker 2: I think maybe in this case you need to have

704
00:31:43,360 --> 00:31:46,640
Speaker 2: an imaginary child because then and I didn't tell you this,

705
00:31:46,720 --> 00:31:49,160
Speaker 2: then you can like message the subscriber and say my

706
00:31:49,320 --> 00:31:52,600
Speaker 2: kids did this, and they usually refund it.

707
00:31:52,720 --> 00:31:53,600
Speaker 4: That's incredible.

708
00:31:54,240 --> 00:31:56,360
Speaker 2: So you could have a fake kid. So maybe you

709
00:31:56,440 --> 00:31:59,520
Speaker 2: do want kids after all. You know, never know fake one,

710
00:31:59,560 --> 00:32:01,520
Speaker 2: no fake one. You don't have to have a real one.

711
00:32:01,560 --> 00:32:03,680
Speaker 2: Like I'm never going to try and convince you otherwise,

712
00:32:03,720 --> 00:32:05,760
Speaker 2: but like maybe you message them and be like, oh,

713
00:32:05,840 --> 00:32:07,719
Speaker 2: my kid did it. It was not my kid, it

714
00:32:07,760 --> 00:32:08,720
Speaker 2: was me. I'm my kid.

715
00:32:10,680 --> 00:32:12,080
Speaker 4: I'm gonna try that next time.

716
00:32:12,120 --> 00:32:14,720
Speaker 2: I thing you messaged me and tell me if it worked,

717
00:32:14,760 --> 00:32:18,360
Speaker 2: because almost guaranteed you'll be like, oh sorry, my kid

718
00:32:18,400 --> 00:32:21,160
Speaker 2: downloaded that and I had no idea. They're like, yeah, sorry,

719
00:32:21,160 --> 00:32:23,280
Speaker 2: no worries, just delete the app and then they refund

720
00:32:23,280 --> 00:32:23,760
Speaker 2: you the money.

721
00:32:23,800 --> 00:32:25,240
Speaker 4: That is absolutely kind.

722
00:32:25,600 --> 00:32:27,960
Speaker 2: I would never I would never tell you to do that.

723
00:32:28,560 --> 00:32:31,840
Speaker 2: Money diarist. At the start of this episode, I said,

724
00:32:32,000 --> 00:32:34,680
Speaker 2: what do you reckon is your money score? And you said,

725
00:32:34,680 --> 00:32:37,600
Speaker 2: I reckon, I'm a BNS. I don't know what's it

726
00:32:37,640 --> 00:32:40,200
Speaker 2: going to take for you to get to an A plus,

727
00:32:40,240 --> 00:32:42,600
Speaker 2: Like what would that involve? Because, like, girl, I don't

728
00:32:42,640 --> 00:32:44,160
Speaker 2: know how to tell you this. You're twenty six, You've

729
00:32:44,160 --> 00:32:46,760
Speaker 2: got so much money in super you have your first home,

730
00:32:46,960 --> 00:32:49,719
Speaker 2: you have like fifty one thousand dollars sitting in an offset.

731
00:32:50,040 --> 00:32:54,040
Speaker 2: You are adding more to your superranuation consistently. You were like,

732
00:32:54,200 --> 00:32:55,880
Speaker 2: I have a few fun shares and I was like, oh,

733
00:32:55,920 --> 00:32:58,040
Speaker 2: that makes sense, But then you dropped I've got sixteen

734
00:32:58,080 --> 00:33:02,080
Speaker 2: grand in an ETF Like, what isn't a plus in

735
00:33:02,120 --> 00:33:02,719
Speaker 2: your mind?

736
00:33:03,120 --> 00:33:06,200
Speaker 4: I think because I'm so organized, I'm organized chaos. I

737
00:33:06,240 --> 00:33:09,040
Speaker 4: think that's how I am in every aspect of my life.

738
00:33:09,360 --> 00:33:12,200
Speaker 4: And I feel like that does come towards I can

739
00:33:12,240 --> 00:33:14,640
Speaker 4: tell that with the way that I handle my money

740
00:33:14,640 --> 00:33:18,120
Speaker 4: as well. So I think if I was more organized

741
00:33:18,160 --> 00:33:20,600
Speaker 4: and I kind of knew exactly where my money was

742
00:33:20,600 --> 00:33:23,120
Speaker 4: going instead of just throwing it around like I tend

743
00:33:23,160 --> 00:33:26,120
Speaker 4: to do, it's worked out so far. But I don't

744
00:33:26,160 --> 00:33:27,200
Speaker 4: know that's so good.

745
00:33:27,240 --> 00:33:28,320
Speaker 2: I can't fault you.

746
00:33:30,440 --> 00:33:33,040
Speaker 4: But I think I get really anxious over that that

747
00:33:33,120 --> 00:33:35,640
Speaker 4: I know that it's organized chaos and that things aren't

748
00:33:35,680 --> 00:33:38,960
Speaker 4: exactly where they maybe should be or working in the

749
00:33:39,040 --> 00:33:43,400
Speaker 4: exact way to kind of like working in its best form.

750
00:33:43,760 --> 00:33:48,640
Speaker 4: So I think that's why I wouldn't maybe B plus.

751
00:33:48,880 --> 00:33:50,520
Speaker 2: Well, I reckon I can get you to an A plus.

752
00:33:50,520 --> 00:33:52,320
Speaker 2: I'm going to set you up with a log into

753
00:33:52,400 --> 00:33:55,560
Speaker 2: my money master class because that was written by an

754
00:33:55,600 --> 00:33:59,840
Speaker 2: Adhd Girly for everyone, but I promised, like it's like

755
00:34:00,120 --> 00:34:01,640
Speaker 2: when you look at this, you'll be like, oh that

756
00:34:01,720 --> 00:34:04,000
Speaker 2: makes sense. Not only is it pretty, so you'll want

757
00:34:04,040 --> 00:34:07,320
Speaker 2: to fill it in like she looks aesthetic. It has

758
00:34:07,360 --> 00:34:10,880
Speaker 2: a section for everything, and then it automatically calculates everything

759
00:34:10,960 --> 00:34:12,720
Speaker 2: for you. So like there's not a lot of work,

760
00:34:12,800 --> 00:34:16,160
Speaker 2: but a lot of dopamine gets used in this process

761
00:34:16,200 --> 00:34:18,080
Speaker 2: because like you feel like you've done a lot when

762
00:34:18,120 --> 00:34:20,719
Speaker 2: you haven't done a lot, and we love that. So

763
00:34:20,880 --> 00:34:22,680
Speaker 2: I'm going to give you access to that so that

764
00:34:22,719 --> 00:34:23,960
Speaker 2: you can do it. But it will be able to

765
00:34:24,040 --> 00:34:26,439
Speaker 2: track everything and then it will say, all right, well

766
00:34:26,680 --> 00:34:29,319
Speaker 2: this amount or this percentage of your spending is going

767
00:34:29,360 --> 00:34:31,400
Speaker 2: to this, this percentage your spending is going to that.

768
00:34:31,440 --> 00:34:34,040
Speaker 2: It'll give you like savings trackers so you can put

769
00:34:34,080 --> 00:34:38,200
Speaker 2: your holidays in, and it also get this, I've added

770
00:34:38,239 --> 00:34:41,560
Speaker 2: in a mortgage repayment calculator so you can pop your

771
00:34:41,560 --> 00:34:43,680
Speaker 2: mortgage in your interest rate, and then you can play

772
00:34:43,719 --> 00:34:45,560
Speaker 2: around with how long it will take you to pay

773
00:34:45,600 --> 00:34:47,839
Speaker 2: off if you make extra contributions or not. And it's

774
00:34:47,880 --> 00:34:50,040
Speaker 2: all in the one thing. So I'm going to set

775
00:34:50,080 --> 00:34:51,640
Speaker 2: you up and then I think you'll message me and

776
00:34:51,680 --> 00:34:53,560
Speaker 2: be like, b I am actually a plus now, and

777
00:34:53,560 --> 00:34:55,160
Speaker 2: I'll be like, I know, babe, I.

778
00:34:55,080 --> 00:34:57,520
Speaker 4: Know that's amazing. I think it's just yeah, it's so

779
00:34:57,640 --> 00:34:58,840
Speaker 4: overwhelming to even.

780
00:34:58,719 --> 00:35:01,399
Speaker 2: Kind of it's hard. Yeah, yeah, and you just don't

781
00:35:01,440 --> 00:35:03,360
Speaker 2: know where to start. If you don't know where to start,

782
00:35:03,400 --> 00:35:06,479
Speaker 2: but that I think will literally also tell you which

783
00:35:06,480 --> 00:35:09,440
Speaker 2: bank accounts you need, so you've already got them all

784
00:35:09,440 --> 00:35:11,360
Speaker 2: set up. You could just rejig the ones you have

785
00:35:11,480 --> 00:35:13,520
Speaker 2: and use them in different ways. I promise you. I

786
00:35:13,520 --> 00:35:16,120
Speaker 2: think you'll be really clear on it. Anyway, That is

787
00:35:16,200 --> 00:35:18,440
Speaker 2: so good. I wish we had so much more time

788
00:35:18,600 --> 00:35:21,759
Speaker 2: because I have loved having this conversation. I feel like

789
00:35:22,040 --> 00:35:24,440
Speaker 2: you and I are on exactly the same page. So

790
00:35:24,520 --> 00:35:26,680
Speaker 2: if ever we cross paths, I think we would yap

791
00:35:26,760 --> 00:35:30,680
Speaker 2: until the cows came home. But sadly we have run

792
00:35:30,719 --> 00:35:32,560
Speaker 2: out of time. Money, Doris, this has been a pleasure.

793
00:35:32,600 --> 00:35:34,640
Speaker 2: Thank you so much for sharing your journey and telling

794
00:35:34,640 --> 00:35:36,560
Speaker 2: me a little bit about your dad, Like how good

795
00:35:36,600 --> 00:35:39,200
Speaker 2: to learn about him and what he would want for you. Like,

796
00:35:39,280 --> 00:35:41,520
Speaker 2: that's just really special that you've opened up and shared

797
00:35:41,520 --> 00:35:43,880
Speaker 2: that journey with me. So I'm really grateful, and I

798
00:35:43,920 --> 00:35:45,560
Speaker 2: know that everyone listening is going to be like, yeah,

799
00:35:45,600 --> 00:35:48,960
Speaker 2: this was a really good diary, so I really appreciate it.

800
00:35:55,160 --> 00:35:57,680
Speaker 2: The advice shared on Cheese on the Money is general

801
00:35:57,760 --> 00:36:01,600
Speaker 2: in nature and does not consider your individual circumstances. She's

802
00:36:01,640 --> 00:36:05,120
Speaker 2: on the Money exists purely for educational purposes and should

803
00:36:05,120 --> 00:36:08,320
Speaker 2: not be relied upon to make an investment or financial decision.

804
00:36:08,719 --> 00:36:11,360
Speaker 2: If you do choose to buy a financial product, Read.

805
00:36:11,160 --> 00:36:14,560
Speaker 5: The PDS, TMD and obtain appropriate financial.

806
00:36:14,080 --> 00:36:15,880
Speaker 2: Advice tailored towards your needs.

807
00:36:16,239 --> 00:36:20,200
Speaker 5: Victoria Divine and She's on the Money are authorized representatives

808
00:36:20,239 --> 00:36:23,920
Speaker 5: of Money. Sheper Pty Ltd a BN three two one

809
00:36:24,160 --> 00:36:28,000
Speaker 5: six four nine two seven seven zero eight AFSL four

810
00:36:28,120 --> 00:36:30,840
Speaker 5: five one two eight nine