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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 Kerney 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. She's on the Money.

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Speaker 3: She's on the Money. Hello, and welcome to She's on Them,

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Speaker 3: the podcast for millennials who want financial freedom. Welcome back

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Speaker 3: to another one of our money daries where I get

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Speaker 3: the absolute privilege of talking to one of our beautiful

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Speaker 3: She's on the Money community members all about their money story.

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Speaker 3: Let's jump straight into it, because this week I got

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Speaker 3: a message and it went a lot like this, Hi,

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Speaker 3: She's on the Money. I wanted to share my story

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Speaker 3: because it's been quite a journey. When I was six,

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Speaker 3: my family immigrated from Ukraine in nineteen ninety five. We

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Speaker 3: stayed with relatives and had nothing when we arrived. Fast

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Speaker 3: forward to meeting my husband at nineteen on a group

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Speaker 3: trip to Israel. We fell in love and have been

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Speaker 3: together ever since. We bought our first home at twenty two,

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Speaker 3: intertwined with family, which makes things quite complex. We renovated

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Speaker 3: and flipped it. We then bought a second home and

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Speaker 3: now have two children. Last week we cut up all

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Speaker 3: of our credit cards and I have never been more proud.

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Speaker 3: I'm listening to every single episode of She's on the Money,

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Speaker 3: and I am obsessed money has Welcome to the show.

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Speaker 2: Thank you.

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Speaker 3: What did you do when you cut up all of

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Speaker 3: your credit cards? Did you actually get the scissors out? Well?

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Speaker 2: I didn't actually cut them. I let my kids cut them.

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Speaker 2: So we've always spoken to them about credit cards, and

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Speaker 2: I said, I actually took photos to post on Monday

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Speaker 2: money wins. I'm meaning to do that, but yeah, I

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Speaker 2: got my kids to cut them up.

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Speaker 3: Make sure you scribble out the numbers.

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Speaker 2: Oh yes, yep, they're in tiny little pieces. And my

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Speaker 2: children loved that.

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Speaker 3: Yeah, okay, all right, I just I don't want any

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Speaker 3: issues if you posted or cut up a card and

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Speaker 3: then it's like well, that's not too hard to put

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Speaker 3: back together, babe.

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Speaker 2: Fair enough, yep.

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Speaker 3: Then we might need to get the credit card back

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Speaker 3: together and then pay it off again, which would just

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Speaker 3: not be the vibe. It's not the vibe. But I'm

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Speaker 3: so excited for you. Were your kids excited about that?

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Speaker 3: Was that something that you communicated with them about, you know,

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Speaker 3: getting out of debt? And what kind of I guess

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Speaker 3: accomplishment that is we have?

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Speaker 2: And I've got a big spreadsheet printed out in color

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Speaker 2: in our laundry that they can access any time, and

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Speaker 2: it shows how much money we've got saved, how much

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Speaker 2: we've got, what goals we're working towards, so they can

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Speaker 2: always refer to that. And they knew that getting rid

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Speaker 2: of the credit card was number one. So that was

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Speaker 2: a really exciting achievement for everybody.

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Speaker 3: Oh my gosh, I love that. I love how open

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Speaker 3: and honest you are about money communication with your kids.

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Speaker 3: Has that always been the way? Has that been something

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Speaker 3: that is new or I guess even how do they

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Speaker 3: take that?

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Speaker 2: It's always been the way that I've chosen to parent

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Speaker 2: with them. I read The Barefoot Investor when I was

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Speaker 2: quite young, and it really helped me start my financial literacy.

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Speaker 2: So I wanted to get my kids a bit of

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Speaker 2: a head start to what I had, And so my

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Speaker 2: son has had his little money boxes since he could

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Speaker 2: do his little chores. He bought his own skateboard when

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Speaker 2: he was four. We ended up emailing Scott Paper about

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Speaker 2: that and he replied saying it was really cool, it

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Speaker 2: was really cute. So he's really proud of himself. And yep,

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Speaker 2: so we've always had conversations around there's a difference between

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Speaker 2: money that we save, money that we can spend, and

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Speaker 2: money that goes to say, charity or you know, whatever

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Speaker 2: else they want to spend their money on.

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Speaker 3: I adore that. I have another perfect question before we

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Speaker 3: actually get into it, because I feel like talking to

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Speaker 3: children about money is a topic in our community that

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Speaker 3: can divide a lot of people. Some people say it's

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Speaker 3: too much responsibility to share something like that with kids,

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Speaker 3: whereas others say, no, absolutely share it all. Obviously you're

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Speaker 3: way more liberal in sharing it all and the journey

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Speaker 3: and your savings and what that looks like. And I

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Speaker 3: think that's amazing. But do you think that there are

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Speaker 3: any negative impacts of that or if parents are wondering

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Speaker 3: how much do I share with my kids, like, what

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Speaker 3: would your advice be?

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Speaker 2: I think what I've noticed a lot of my friends

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Speaker 2: have children that are the same age as mine, So

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Speaker 2: money is a conversation happening in every house because kids

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Speaker 2: will always have wants and needs, and they'll want the

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Speaker 2: latest toy or book or whatever else it is that

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Speaker 2: their friends have, So no matter what, that conversation will

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Speaker 2: come up. I think with it's always been about empowering

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Speaker 2: the children to understand that they are able to save

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Speaker 2: for their goals. So it's never been about I've never

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Speaker 2: framed it as we can't afford that as a family.

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Speaker 2: It's been we're going to save for that. Here is

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Speaker 2: how we're saving for it, here's the steps we're going

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Speaker 2: to take, and this is the date that we expect

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Speaker 2: to get to that. And they've seen us achieved so

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Speaker 2: many money goals that for them it's just a given that.

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Speaker 2: You know, Mum and Dad said, we've got a holiday

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Speaker 2: booked for Queensland next March, and they know that we're

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Speaker 2: going in March because that's how long it will take

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Speaker 2: us to save for the flights. So in March they

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Speaker 2: will go on that flight on that holiday and they'll

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Speaker 2: know that it just took us a little while to

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Speaker 2: get there, but we can still have the power to

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Speaker 2: do what we want. Sometimes it just takes us a

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Speaker 2: bit longer.

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Speaker 3: I love that. I love that so much. Sorry for

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Speaker 3: going on such a tangent at the start of the episode.

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Speaker 3: I feel like I should have been more structure. But

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Speaker 3: when you started talking about kids and money, I was like, Oh,

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Speaker 3: can I be a pair of me because it's really fun.

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Speaker 3: Let's get in to the questions though, because I feel

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Speaker 3: like I would say that's why everybody comes, but they

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Speaker 3: don't come for the questions. They come for the pervy dates.

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Speaker 3: But I want to know if I asked you to

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Speaker 3: give your money habits a grade from A through to F,

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Speaker 3: what would you grade them.

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Speaker 2: I think if I had to grade myself from A

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Speaker 2: to F, I would give myself a B minus. And

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Speaker 2: that's mostly to do with what I've recently realized some

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Speaker 2: limiting beliefs I have around my earning capacity and my

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Speaker 2: ability to grow wealth. So I can see a lot

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Speaker 2: of things that I need to work through and educate

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Speaker 2: myself on. I think at the moment.

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Speaker 3: I love this all right, So next question I've got

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Speaker 3: for you and you gave us a little bit of

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Speaker 3: insight in your message in but I want to know

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Speaker 3: can you tell me a little bit more about your

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Speaker 3: money story.

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Speaker 2: I was born in a beautiful city called Kiev in Ukraine,

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Speaker 2: and during the day I was raised by my grandparents

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Speaker 2: because my parents were both working for time, but my

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Speaker 2: parents would come over for dinner every night. Right before

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Speaker 2: I turned to the Soviet Union fell and what that

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Speaker 2: meant for our country was a lot of upheaval, especially

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Speaker 2: in the economy, so there was a lot of hyperinflation.

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Speaker 2: I'm too little to remember this, but I've spoken to

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Speaker 2: my parents a lot about it, and they would go

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Speaker 2: to work, and you know, for a whole day's work,

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Speaker 2: they would come home and not be able to afford bread.

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Speaker 2: I remember my parents saying that they could only afford

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Speaker 2: to buy meat for me, like no one else in

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Speaker 2: the family could afford to eat meat. They couldn't afford

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Speaker 2: to buy a car, my mom said, they couldn't afford

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Speaker 2: to buy things like a radio. So economically it just

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Speaker 2: was really really hard, and my grandparents they lost all

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Speaker 2: of their retirement savings. My parents were really fortunate in

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Speaker 2: that we'd already had family that had come out. Immigrated

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Speaker 2: to Australia before us, and they were really kind. They

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Speaker 2: invited us out, and we made the choice to leave,

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Speaker 2: mostly so that we could have some economic stability in future.

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Speaker 2: That was really hard for my parents. They came with nothing.

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Speaker 2: We moved in with my cousins in their two bedroom

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Speaker 2: apartment while we looked for a rental. And I think

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Speaker 2: a lot of my money story is really about what

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Speaker 2: happened at that stage, because we ended up renting my

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Speaker 2: whole childhood. All of our furniture was donated to us

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Speaker 2: by charities like the Salvation Army, and I've got a

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Speaker 2: really clear memory of walking into a room at a

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Speaker 2: charity and I was allowed to pick one toy and

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Speaker 2: that was a really special toy and I've still got

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Speaker 2: that little bear. But it was always a story of

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Speaker 2: working really hard to make ends meet. And it wasn't

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Speaker 2: that we felt poor, because that's not how my parents

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Speaker 2: saw themselves. They worked any job to make money. But

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Speaker 2: we definitely had to be really mindful about what we bought.

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Speaker 2: And I remember my parents always including me in the

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Speaker 2: big purchase discussion. So I don't mean big purchases house,

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Speaker 2: I mean when my parents were ready to change the

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Speaker 2: donated charity couch to a leather couch. We went shopping

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Speaker 2: and it took us a really long time to find

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Speaker 2: the perfect couch because that was a big purchase and

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Speaker 2: they still have that twenty years later. So I was

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Speaker 2: always involved in those discussions. They always wanted to know

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Speaker 2: what I thought, and I could understand that we had

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Speaker 2: a certain budget to work towards. And I also remember

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Speaker 2: my parents were never above any job. They would work anywhere,

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Speaker 2: do anything. My dad worked as a laborer, my dad

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Speaker 2: sold things at VIC market. My mum was a cleaner,

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Speaker 2: and both my parents a university educated. My dad's an engineer,

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Speaker 2: but they weren't able to work in their field when

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Speaker 2: they immigrated here they couldn't speak the language. So I

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Speaker 2: think that's mostly where a lot of my values towards

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Speaker 2: money come from. For me, money provides choice and stability.

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Speaker 2: It means that we at the moment aren't rent because

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Speaker 2: I rented as a child and we had to move

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Speaker 2: around a lot, and I never really had my own space.

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Speaker 2: I had to be super mindful of, you know, putting

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Speaker 2: pictures on the walls. So I grew up. Yeah, I

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Speaker 2: think I don't know how to go past that point.

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Speaker 2: I've got more to say, but I don't know how

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Speaker 2: to link it.

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Speaker 3: That's rare. I feel like that's a really interesting insight

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Speaker 3: as well, because obviously my money story is very different

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Speaker 3: to that. But it's obvious that your parents have instilled

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Speaker 3: such a good work ethic and understanding of money and values.

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Speaker 3: And I don't know, I love that you said, you know,

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Speaker 3: my parents never saw themselves as poor, because I do

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Speaker 3: think that poor when you use it in that type

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Speaker 3: of I guess reference is really about mindset, Like wealth

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Speaker 3: is so much more than just the cash that is

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Speaker 3: in your account. And I just think that you had

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Speaker 3: such a rich childhood, Like it sounds like you were

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Speaker 3: surrounded by so much love and so much happiness and

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Speaker 3: even just so much planning. Like the couch. I love

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Speaker 3: the couch. I love that they still have it, and

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Speaker 3: they probably still think it's like the best investment they've

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Speaker 3: ever made because so much thought went into it, right.

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Speaker 2: So much thought. And then also they involved me in

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Speaker 2: all of the big purchases and they thought a lot

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Speaker 2: about them. But then the flip side of that was

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Speaker 2: they really didn't see certain things as necessary. So I

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Speaker 2: remember I went to year nine camp and the snow

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Speaker 2: and that was just for a couple of days, and

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Speaker 2: my parents thought it was completely unnecessary to buy me

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Speaker 2: snow boots. So I was the only kid at camp

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Speaker 2: that had plastic bags on her feet and runners, I mean,

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Speaker 2: did it work? Though it did not work, But I

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Speaker 2: can see where they were coming from. They thought it

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Speaker 2: was a complete waste of money because we didn't go

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Speaker 2: to the snows So they thought, why would we spend

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Speaker 2: that money on shoes that you will never wear again?

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Speaker 3: You can wear them once. I totally understand that.

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Speaker 2: Yeah, And then also I remember in year nine, everybody

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Speaker 2: got to go to Japan and I was the one

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Speaker 2: kid that didn't. I sat in a classroom for a

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Speaker 2: week alone with a teacher. And I never blamed them

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Speaker 2: for that, but I totally understood that it was beyond

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Speaker 2: what they could afford. It didn't match up with what

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Speaker 2: financially they were ready to do, so I just had

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Speaker 2: to accept that. But it did mean that I missed

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Speaker 2: out on a lot of things growing up.

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Speaker 3: And do you feel like that might have changed the

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Speaker 3: way that you deal with money and your children. So

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Speaker 3: if you feel like you missed out, do you find

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Speaker 3: yourself trying to give them all the experiences you didn't have.

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Speaker 2: Yes, my kids complain and go, oh, why do we

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Speaker 2: have to go to swimming lessons? It's so unfair And

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Speaker 2: I don't want to turn around and say it.

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Speaker 3: Sounds like they're worse. Oh.

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Speaker 2: Yes, I am so sad for you that you are

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Speaker 2: being taken to this beautiful swimming pool with these lovely teachers,

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Speaker 2: and I'm so sorry that I have taken you on

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Speaker 2: holiday here. And I place value on experiences for them

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Speaker 2: and not on if they want things that I don't

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Speaker 2: think they need. I'm happy for them to get them,

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Speaker 2: as long as they work towards that saving gold themselves.

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Speaker 2: I will never say you can't buy that. I'm currently

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Speaker 2: holding my emotional support water bottle with cats.

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Speaker 3: We've all got one.

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Speaker 2: Yes, it was three dollars that kmart. And my son

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Speaker 2: is downstairs with a Frank Green that he purchased.

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Speaker 3: And you're like, absolutely not. I'm going to be very

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Speaker 3: happy with my three dollar drink bottle.

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Speaker 2: I mean it has cats.

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Speaker 3: Don't judge me and my frank Green that I know

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Speaker 3: you can see. But yeah, you're right, mine doesn't have cats.

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Speaker 3: Mine is lacking a lot. And I probably need to

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Speaker 3: do a lot of self reflection at this point as

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Speaker 3: to why I've made the decision.

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Speaker 2: I have made yep, Camart all the way. But that's

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Speaker 2: the thing. So my son said, I would like a

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Speaker 2: Frank Green, and I said, you're welcome to buy whatever

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Speaker 2: you want with your saved money, but you're going to

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Speaker 2: save that yourself, because that doesn't align with what I'm

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Speaker 2: saving for for our family. I can't afford a sixty

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Speaker 2: dollar bottle. You've got to work for it, and then

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Speaker 2: you're going to start at zero.

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Speaker 3: It's fair, It's a lot. It's a lot of money,

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Speaker 3: one hundred percent, especially as a key as well. You're like,

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Speaker 3: you do not need that. You're probably gonna lose it too.

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Speaker 2: Definitely. He's actually it's probably the one thing that he's

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Speaker 2: taken really good care of. And he's also started to

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00:14:10,480 --> 00:14:14,400
Speaker 2: have this identity of someone that has the ability to

284
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Speaker 2: save for a good quality item, whereas I will just

285
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Speaker 2: be happy to get anything if it's cheaper and it

286
00:14:22,240 --> 00:14:24,840
Speaker 2: does the job, but he will really put the research

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Speaker 2: and time into it. And he's only nine.

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Speaker 3: I love that. I love that so much. I want

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Speaker 3: to know more about you, though, Can you tell me

290
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Speaker 3: what do you do for work and how much money

291
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Speaker 3: do you earn.

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Speaker 2: I work as a radiographer and I started there over

293
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Speaker 2: a decade ago. I started at the bottom and took

294
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Speaker 2: X rays and worked in theater and did all of

295
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Speaker 2: the things on call night shifts. Over time, I've specialized,

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Speaker 2: so now I am a supervisor of a department and

297
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Speaker 2: I work part time. I wrote down my numbers because

298
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Speaker 2: I find it really can using to work out my

299
00:15:01,000 --> 00:15:05,480
Speaker 2: salary because I do salary package. So I'll say it

300
00:15:05,520 --> 00:15:08,520
Speaker 2: in a couple of different bits. But last year I

301
00:15:08,600 --> 00:15:15,320
Speaker 2: earned sixty nine thousand dollars before tax, and then because

302
00:15:15,320 --> 00:15:19,080
Speaker 2: I salary packaged my mortgage, my taxable income came down

303
00:15:19,080 --> 00:15:20,200
Speaker 2: to forty eight thousand.

304
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Speaker 1: Oof.

305
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Speaker 3: That's so good.

306
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Speaker 2: It is so good. But what I didn't realize was

307
00:15:25,720 --> 00:15:29,240
Speaker 2: that salary packaging is not great when you have a

308
00:15:29,240 --> 00:15:32,840
Speaker 2: HEX step. So when I did my tax return, that's

309
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Speaker 2: when I realized that actually I still had a lot

310
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Speaker 2: of money to ow because I think they look at

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Speaker 2: my full salary.

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Speaker 1: Yeah.

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Speaker 3: HEX is calculated on pre tax income, so it is

314
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Speaker 3: not calculated on what you take home, but rather every

315
00:15:47,960 --> 00:15:51,360
Speaker 3: single dollar that technically comes through your hands, whether it

316
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Speaker 3: gets paid into tax or not. And that is a

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Speaker 3: sticky point that some people get caught up in every

318
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Speaker 3: single year. I see it in my community all the time.

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Speaker 3: Come like July when people are doing their tax returns

320
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Speaker 3: and they were so excited for a return, they're like, Victoria,

321
00:16:05,360 --> 00:16:07,720
Speaker 3: I found out because I have salary packaging that I

322
00:16:07,800 --> 00:16:11,480
Speaker 3: actually owe money for HEX. And this was me, Yeah, yeah,

323
00:16:11,600 --> 00:16:13,760
Speaker 3: bites you in the bottom, it's the worst.

324
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Speaker 2: Yeah. So I owed money because I hadn't realized that

325
00:16:18,840 --> 00:16:22,800
Speaker 2: my HEX would be impacted by salary packaging. On top

326
00:16:22,840 --> 00:16:26,240
Speaker 2: of my salary, I also get a CPD allowance, which

327
00:16:26,280 --> 00:16:28,640
Speaker 2: is an amount of money that my employer gives me

328
00:16:28,680 --> 00:16:32,240
Speaker 2: every year towards my education and courses that I want

329
00:16:32,280 --> 00:16:35,000
Speaker 2: to attend. So I'm doing a Master's at the moment,

330
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Speaker 2: and I've been putting that towards the fees so that

331
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Speaker 2: the masters doesn't get added to my HEX to grow that.

332
00:16:41,880 --> 00:16:46,280
Speaker 3: Oh my gosh, she's doing her masters. She's fancy. So

333
00:16:46,440 --> 00:16:49,800
Speaker 3: what is that CPD allowance it is now?

334
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Speaker 2: I'm not certain if it's sixteen hundred a year or

335
00:16:52,640 --> 00:16:56,120
Speaker 2: if I've used the last two years amount. But this

336
00:16:56,240 --> 00:16:58,080
Speaker 2: year I was able to use sixteen hundred.

337
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Speaker 3: Hey, that's pretty good. I like that they're furthering your

338
00:17:01,840 --> 00:17:04,440
Speaker 3: education and actually giving you cash so you can allocate

339
00:17:04,480 --> 00:17:08,320
Speaker 3: it towards what you want to do. Tell me a

340
00:17:08,359 --> 00:17:10,760
Speaker 3: bit more about your masters, So what made you want

341
00:17:10,760 --> 00:17:13,320
Speaker 3: to do your masters and what's the plan after?

342
00:17:14,000 --> 00:17:16,720
Speaker 2: I like to learn, and if I don't have a

343
00:17:17,000 --> 00:17:21,639
Speaker 2: path that's educating me, I tend to just teach myself

344
00:17:21,680 --> 00:17:24,680
Speaker 2: heaps of random stuff, and so I wanted something that

345
00:17:25,400 --> 00:17:28,280
Speaker 2: would help me in the future, something that I would

346
00:17:28,320 --> 00:17:31,440
Speaker 2: be excited to learn. My masters is in public health,

347
00:17:31,480 --> 00:17:34,440
Speaker 2: so it's teaching me about different health systems and why

348
00:17:34,480 --> 00:17:37,320
Speaker 2: people make the choices they make, and how we can

349
00:17:37,359 --> 00:17:41,080
Speaker 2: improve systems around them to support them and making better

350
00:17:41,160 --> 00:17:44,800
Speaker 2: choices and have better health outcomes. I knew that I

351
00:17:44,840 --> 00:17:48,480
Speaker 2: wanted to do a master's, but I couldn't afford it

352
00:17:48,560 --> 00:17:51,960
Speaker 2: for a long time because they usually cost between forty

353
00:17:52,000 --> 00:17:54,360
Speaker 2: and sixty thousand dollars, and I think that's a lot

354
00:17:54,359 --> 00:17:54,840
Speaker 2: of money.

355
00:17:55,119 --> 00:17:56,159
Speaker 3: It is a lot of money.

356
00:17:56,280 --> 00:17:59,320
Speaker 2: Yeah, I do plan to pay my hex off. But

357
00:17:59,840 --> 00:18:02,439
Speaker 2: I I did some research and I realized that you

358
00:18:02,480 --> 00:18:06,119
Speaker 2: can get something called a Commonwealth supported place a CSP.

359
00:18:06,920 --> 00:18:08,639
Speaker 2: So even though I wanted to do a master's in

360
00:18:08,680 --> 00:18:12,480
Speaker 2: a certain field. I wasn't set on the exact university

361
00:18:12,720 --> 00:18:17,679
Speaker 2: or course. What I did was I found the ones

362
00:18:17,720 --> 00:18:20,960
Speaker 2: that are Commonwealth supported places, and then I looked a

363
00:18:21,000 --> 00:18:23,320
Speaker 2: little bit further into it. I found the ones that

364
00:18:23,400 --> 00:18:26,200
Speaker 2: let me do it online and the ones that let

365
00:18:26,240 --> 00:18:28,480
Speaker 2: me use my degree for credit points, because that also

366
00:18:28,520 --> 00:18:31,280
Speaker 2: reduces how much I owe at the end. So in

367
00:18:31,320 --> 00:18:33,480
Speaker 2: the end, I think my masters is going to cost

368
00:18:33,520 --> 00:18:34,959
Speaker 2: me about eight thousand dollars.

369
00:18:35,520 --> 00:18:41,280
Speaker 3: What hell, that's ridiculous, like in a good way, ridiculous. Yeah.

370
00:18:41,320 --> 00:18:45,119
Speaker 2: I was credited for my degree, and I got extra

371
00:18:45,160 --> 00:18:48,080
Speaker 2: credits because I got an honors degree because it's a

372
00:18:48,119 --> 00:18:50,760
Speaker 2: Commonwealth supported place. I'm pretty sure it's already half of

373
00:18:50,800 --> 00:18:52,840
Speaker 2: the amount. And then on top of that, I've been

374
00:18:52,880 --> 00:18:57,760
Speaker 2: putting my work credits towards that. So it's wild, Like,

375
00:18:57,800 --> 00:18:59,800
Speaker 2: I'm so happy with that. It's not going to grow

376
00:18:59,800 --> 00:19:00,840
Speaker 2: my hexs a lot.

377
00:19:01,000 --> 00:19:03,800
Speaker 3: Oh my gosh, I love this for you. Yeah, I

378
00:19:03,840 --> 00:19:06,640
Speaker 3: did wonder when you said, hey, I'm getting a sixteen

379
00:19:06,720 --> 00:19:09,399
Speaker 3: hundred dollars allowance because my masters, so I have a

380
00:19:09,440 --> 00:19:13,760
Speaker 3: Master's of Business Administration cost me seventy eight thousand dollars

381
00:19:13,800 --> 00:19:17,040
Speaker 3: on hex and I want to be sick every single

382
00:19:17,080 --> 00:19:18,919
Speaker 3: time I think of that. I mean a bit of

383
00:19:18,960 --> 00:19:22,760
Speaker 3: that was international study, so like popped that on there too,

384
00:19:23,080 --> 00:19:27,360
Speaker 3: because obviously when in Rome. However, when you said, oh yeah,

385
00:19:27,400 --> 00:19:29,639
Speaker 3: we get sixteen hundred bucks and I'm you know, trying

386
00:19:29,640 --> 00:19:31,199
Speaker 3: not to put it on hex, I was like, the

387
00:19:31,240 --> 00:19:34,280
Speaker 3: math isn't mathing? How is she not putting on on hex?

388
00:19:34,320 --> 00:19:36,760
Speaker 3: Sixteen hundred dollars is not going to cut? But it would,

389
00:19:36,800 --> 00:19:39,159
Speaker 3: It would almost cover your entire degree. There would be

390
00:19:39,200 --> 00:19:41,879
Speaker 3: such a small out of pocket. How exciting.

391
00:19:42,160 --> 00:19:43,440
Speaker 2: It's really exciting. I love it.

392
00:19:43,600 --> 00:19:45,879
Speaker 3: I adore that for you, all right. I want to know,

393
00:19:46,320 --> 00:19:48,800
Speaker 3: so you mentioned before that you're going to Queensland for

394
00:19:48,840 --> 00:19:51,520
Speaker 3: a holiday in March, and the kids know what's going on.

395
00:19:51,640 --> 00:19:53,399
Speaker 3: You're saving for it and you're planning for it. But

396
00:19:53,680 --> 00:19:55,960
Speaker 3: I want to know what is your big money goal?

397
00:19:55,960 --> 00:19:57,560
Speaker 3: What are you guys working towards At.

398
00:19:57,440 --> 00:20:00,240
Speaker 2: The moment, we have a few money goals them a

399
00:20:00,280 --> 00:20:02,280
Speaker 2: short term. One of the short term ones was the

400
00:20:02,320 --> 00:20:04,400
Speaker 2: credit card. So we've ticked that off.

401
00:20:04,640 --> 00:20:06,200
Speaker 3: That's a big one though, that's a big one.

402
00:20:06,200 --> 00:20:08,080
Speaker 2: It was really exciting we've had a credit card. Our

403
00:20:08,080 --> 00:20:12,640
Speaker 2: whole relationship, so it was really nice to cut that off.

404
00:20:13,680 --> 00:20:17,359
Speaker 2: We both have aging parents and at the moment we

405
00:20:17,400 --> 00:20:20,880
Speaker 2: have a two story townhouse. All the showers and bathrooms

406
00:20:20,880 --> 00:20:23,360
Speaker 2: are upstairs, and we've got a powder room downstairs, so

407
00:20:23,720 --> 00:20:27,560
Speaker 2: we're now saving to put a shower downstairs. We've got

408
00:20:27,560 --> 00:20:29,399
Speaker 2: my husband's dad living with us a few days a

409
00:20:29,440 --> 00:20:31,400
Speaker 2: week every week, so I think it would be really

410
00:20:31,520 --> 00:20:35,760
Speaker 2: nice to make the downstairs kind of accessible for them

411
00:20:36,000 --> 00:20:39,359
Speaker 2: into their old age. But it's expensive to put a

412
00:20:39,400 --> 00:20:41,480
Speaker 2: shower in, so that will slow us down.

413
00:20:41,560 --> 00:20:44,840
Speaker 3: It's so spent on. Oh my gosh, I didn't realize

414
00:20:44,960 --> 00:20:49,440
Speaker 3: how expensive bathroom renovations were until I did one myself,

415
00:20:49,520 --> 00:20:52,080
Speaker 3: and oh my gosh, I promise you right now, money,

416
00:20:52,119 --> 00:20:55,200
Speaker 3: darrest the next house side buye. It'll be done. It'll

417
00:20:55,240 --> 00:20:58,439
Speaker 3: be done. There won't be any renovations necessary because it

418
00:20:58,560 --> 00:21:00,600
Speaker 3: just all adds up, and then it's more expn Then

419
00:21:00,920 --> 00:21:03,960
Speaker 3: someone says, oh, you need this fancy waterproofing and what

420
00:21:04,000 --> 00:21:07,040
Speaker 3: about the tiles that it adds up. I totally get it.

421
00:21:07,200 --> 00:21:09,960
Speaker 2: We bought this townhouse for that exact reason. It didn't

422
00:21:10,000 --> 00:21:12,680
Speaker 2: need anything done. The first house that we bought was

423
00:21:12,720 --> 00:21:16,159
Speaker 2: a nineteen twenty eight, California and Bungalow. We had to

424
00:21:16,200 --> 00:21:19,600
Speaker 2: gut everything ourselves, and after we did that, we realized

425
00:21:19,600 --> 00:21:22,760
Speaker 2: that we needed to raise stump it, redo all the wiring,

426
00:21:22,920 --> 00:21:25,520
Speaker 2: all the plumbing. And that was before we even did

427
00:21:26,080 --> 00:21:30,280
Speaker 2: anything exciting. So it does add up. And we had

428
00:21:30,320 --> 00:21:33,640
Speaker 2: no intention of renovating the townhouse, but now that we've

429
00:21:33,680 --> 00:21:38,119
Speaker 2: got elderly parents living with us, it's making sense to

430
00:21:38,359 --> 00:21:40,359
Speaker 2: make it more accessible for them, so we've got to

431
00:21:40,400 --> 00:21:44,800
Speaker 2: start saving for that. That was an unexpected cost. Long term,

432
00:21:44,880 --> 00:21:47,919
Speaker 2: I think we'd like to save for an overseas holiday

433
00:21:47,960 --> 00:21:50,240
Speaker 2: when the kids are a little bit older. That will

434
00:21:50,280 --> 00:21:54,200
Speaker 2: take us a few years. We are salary packaging a car,

435
00:21:54,320 --> 00:21:56,720
Speaker 2: so we're saving to pay off the bubble at the

436
00:21:56,840 --> 00:21:59,639
Speaker 2: end of that. I think that'll be about fourteen thousand

437
00:21:59,680 --> 00:22:03,960
Speaker 2: dollars a couple of years. And very long term, we'd

438
00:22:04,000 --> 00:22:05,960
Speaker 2: like to pay our mortgage off before we retire.

439
00:22:06,160 --> 00:22:08,720
Speaker 3: Yes, so exciting. I feel like paying off your mortgage

440
00:22:08,760 --> 00:22:11,520
Speaker 3: before retirement is a really good goal because it gives

441
00:22:11,560 --> 00:22:15,120
Speaker 3: you so much more financial freedom during retirement. And it's

442
00:22:15,160 --> 00:22:17,240
Speaker 3: not something that a lot of people think about because

443
00:22:17,240 --> 00:22:18,960
Speaker 3: they go, yeah, we'll just pay it off all the

444
00:22:19,000 --> 00:22:21,760
Speaker 3: way through and then all of a sudden you get

445
00:22:21,800 --> 00:22:24,320
Speaker 3: to retirement, you might need to take some money out

446
00:22:24,359 --> 00:22:26,639
Speaker 3: of super to just extinguish the rest of it. And

447
00:22:27,000 --> 00:22:29,959
Speaker 3: it just doesn't feel as good. It doesn't feel like

448
00:22:30,040 --> 00:22:33,040
Speaker 3: you're achieving as much, even though you might have planned

449
00:22:33,040 --> 00:22:35,400
Speaker 3: it that way. But I think it's a very good goal.

450
00:22:35,440 --> 00:22:37,720
Speaker 3: All right, let's go to a really quick break, because

451
00:22:37,760 --> 00:22:40,399
Speaker 3: on the flip side, I have so many more questions

452
00:22:40,440 --> 00:22:47,800
Speaker 3: for you. Don't go anywhere, All right, money diars, We

453
00:22:48,040 --> 00:22:49,920
Speaker 3: are back, and I want to know a bit more

454
00:22:49,960 --> 00:22:51,800
Speaker 3: so before the break, you said that you've got some

455
00:22:51,880 --> 00:22:54,440
Speaker 3: aging parents. Obviously, one of your goals is to put

456
00:22:54,600 --> 00:22:57,119
Speaker 3: a bathroom or a shower downstairs so that it can

457
00:22:57,200 --> 00:23:00,200
Speaker 3: kind of be a bit self contained and older parents

458
00:23:00,240 --> 00:23:04,080
Speaker 3: don't have to go up and downstairs. Moving forward, what

459
00:23:04,160 --> 00:23:07,240
Speaker 3: does that caregiving role look like? I guess for your

460
00:23:07,280 --> 00:23:10,679
Speaker 3: partner and for you, does it look like, you know,

461
00:23:10,880 --> 00:23:14,520
Speaker 3: your partner's dad moving in full time? Does it look

462
00:23:14,560 --> 00:23:17,160
Speaker 3: like your parents moving in full time? Like? What does

463
00:23:17,200 --> 00:23:17,919
Speaker 3: that look like?

464
00:23:18,440 --> 00:23:20,439
Speaker 2: That's a really good question, and that's something we've been

465
00:23:20,480 --> 00:23:24,240
Speaker 2: speaking a lot about. My in laws have just bought

466
00:23:24,440 --> 00:23:27,880
Speaker 2: a couple of acres pretty far from where we live,

467
00:23:27,920 --> 00:23:31,800
Speaker 2: a few hours away, so I don't anticipate them moving

468
00:23:31,840 --> 00:23:34,680
Speaker 2: into our home. But at the moment, it just makes

469
00:23:34,720 --> 00:23:36,760
Speaker 2: sense for them to live with us because they're still

470
00:23:36,760 --> 00:23:40,480
Speaker 2: working in the city. I would expect one day my

471
00:23:40,680 --> 00:23:43,679
Speaker 2: parents to possibly want to move in, and even if

472
00:23:43,720 --> 00:23:46,520
Speaker 2: it's not full time, to come and stay with us

473
00:23:46,520 --> 00:23:49,240
Speaker 2: when they need help. I grew up in a multi

474
00:23:49,240 --> 00:23:52,080
Speaker 2: generational family. I believe that if we've got room for

475
00:23:52,119 --> 00:23:54,719
Speaker 2: anybody in our home, they're welcome to use it. But

476
00:23:54,760 --> 00:23:57,680
Speaker 2: I just want to make sure that that's really comfortable

477
00:23:57,720 --> 00:24:01,000
Speaker 2: and accessible for them. So I think long term, I

478
00:24:01,080 --> 00:24:03,280
Speaker 2: just want to have everything ready, and should they need

479
00:24:04,280 --> 00:24:06,639
Speaker 2: in illness or in health to come and stay with us,

480
00:24:06,680 --> 00:24:08,800
Speaker 2: I want them to just know that that's there for them.

481
00:24:09,400 --> 00:24:11,760
Speaker 3: Oh I love that. I love that so much. It's

482
00:24:12,040 --> 00:24:15,280
Speaker 3: interesting as well, because I feel like I've got a

483
00:24:15,280 --> 00:24:18,040
Speaker 3: couple of friends who are Ukrainian and that's very common

484
00:24:18,200 --> 00:24:20,400
Speaker 3: to have parents move in with them, and it's kind

485
00:24:20,400 --> 00:24:23,959
Speaker 3: of like expected, whereas in the Australian culture it's not

486
00:24:24,080 --> 00:24:27,320
Speaker 3: as expected. I feel like often we pum off our

487
00:24:27,440 --> 00:24:29,639
Speaker 3: parents and like I would love for my parents to

488
00:24:29,640 --> 00:24:31,320
Speaker 3: live with me. That's always been something that I have

489
00:24:31,440 --> 00:24:34,040
Speaker 3: said to them. I'm like, yeah, one day I'll chuck

490
00:24:34,080 --> 00:24:35,679
Speaker 3: you in the granny flat out the back and then

491
00:24:35,720 --> 00:24:37,399
Speaker 3: you can come and look after my kids. And like,

492
00:24:37,560 --> 00:24:39,280
Speaker 3: it's one of those things that I think would be

493
00:24:39,320 --> 00:24:42,439
Speaker 3: so special, but it's not the way everybody sees it.

494
00:24:43,040 --> 00:24:44,920
Speaker 3: Have you and your partner always been on the same

495
00:24:44,960 --> 00:24:48,120
Speaker 3: page about this idea of multi generational households.

496
00:24:48,320 --> 00:24:51,679
Speaker 2: We've been really open and flowed about it the whole time.

497
00:24:52,119 --> 00:24:54,680
Speaker 2: My husband's one of six kids, he's the second oldest.

498
00:24:55,200 --> 00:24:58,399
Speaker 2: He's very much a caregiver, and even choosing to have

499
00:24:58,480 --> 00:25:01,919
Speaker 2: kids in our twenties was such a wild choice compared

500
00:25:01,960 --> 00:25:04,879
Speaker 2: to our friends who were all going to Europe and whatever.

501
00:25:05,040 --> 00:25:06,960
Speaker 2: I can't even name it because I didn't go clubbing

502
00:25:07,000 --> 00:25:10,520
Speaker 2: when I was younger. Yeah, I think we've always moved

503
00:25:10,520 --> 00:25:12,679
Speaker 2: in and out between their homes when we've needed to.

504
00:25:12,720 --> 00:25:15,520
Speaker 2: We've been really privileged that they have the same attitude.

505
00:25:15,560 --> 00:25:18,879
Speaker 2: So when we were renovating our home, we moved into

506
00:25:18,920 --> 00:25:21,520
Speaker 2: a spare bedroom in his parents' house and we lived

507
00:25:21,560 --> 00:25:24,439
Speaker 2: there for a couple of years while we were putting

508
00:25:24,440 --> 00:25:28,040
Speaker 2: all of our money into the renovation. And we're kind

509
00:25:28,040 --> 00:25:30,240
Speaker 2: of giving back now, so they're welcome to come stay

510
00:25:30,240 --> 00:25:31,240
Speaker 2: with us if they need to.

511
00:25:31,640 --> 00:25:33,840
Speaker 3: I love that so much. You mentioned before that you

512
00:25:33,920 --> 00:25:36,119
Speaker 3: had kids in your early twenties and that was a

513
00:25:36,160 --> 00:25:38,560
Speaker 3: decision that you and your partner made. In your letter

514
00:25:38,600 --> 00:25:40,439
Speaker 3: into Us, you said I met my husband when we

515
00:25:40,440 --> 00:25:43,520
Speaker 3: were nineteen on a group trip to Israel. How old

516
00:25:43,560 --> 00:25:45,680
Speaker 3: were you when you decided to have babies, like, and

517
00:25:45,720 --> 00:25:47,760
Speaker 3: what type of decision was that was at hard?

518
00:25:48,400 --> 00:25:51,240
Speaker 2: It wasn't hard. I think the way that I was raised,

519
00:25:51,560 --> 00:25:54,880
Speaker 2: everyone in my culture has kids really young. I've got

520
00:25:54,880 --> 00:25:57,480
Speaker 2: cousins or their children are the same age as mine,

521
00:25:57,760 --> 00:26:01,280
Speaker 2: if not older. Actually, my husband when I was eighteen

522
00:26:01,480 --> 00:26:04,760
Speaker 2: i finished high school. I thought I'm free, I'm going

523
00:26:04,800 --> 00:26:07,040
Speaker 2: to go travel the world. And then I went overseas

524
00:26:07,080 --> 00:26:11,119
Speaker 2: two weeks later met him and that was it. Sold,

525
00:26:11,320 --> 00:26:14,639
Speaker 2: sold done. We did long distance for four years, so

526
00:26:14,880 --> 00:26:17,280
Speaker 2: while I was doing Renis, I was working part time

527
00:26:17,359 --> 00:26:19,119
Speaker 2: so I could pay for flights. We flew back and

528
00:26:19,160 --> 00:26:23,720
Speaker 2: forth every month, Melbourne to Brisbane. It's been a long ride.

529
00:26:24,280 --> 00:26:27,560
Speaker 3: Oh my gosh, but that is so exciting and so wholesome.

530
00:26:27,800 --> 00:26:30,640
Speaker 3: I actually love when I get to ask people like, oh,

531
00:26:30,640 --> 00:26:32,919
Speaker 3: when did you decide to have babies, because even in

532
00:26:32,920 --> 00:26:35,840
Speaker 3: my thirties now I think about having children, I'm like,

533
00:26:36,000 --> 00:26:38,120
Speaker 3: what are people going to think about this teenage pregnancy

534
00:26:38,160 --> 00:26:38,479
Speaker 3: I'll have.

535
00:26:38,640 --> 00:26:39,440
Speaker 2: Oh, that's right.

536
00:26:39,440 --> 00:26:42,440
Speaker 3: They will definitely think that's really irresponsible of me. Even

537
00:26:42,480 --> 00:26:45,000
Speaker 3: though I am married owner house and my husband and

538
00:26:45,040 --> 00:26:47,920
Speaker 3: I have both spoken openly about wanting children for a

539
00:26:48,040 --> 00:26:51,560
Speaker 3: very long time, I still feel like that's really irresponsible,

540
00:26:51,680 --> 00:26:52,359
Speaker 3: even though it's not.

541
00:26:53,200 --> 00:26:56,160
Speaker 2: I think for me, it's always been this really clear

542
00:26:56,280 --> 00:26:59,440
Speaker 2: vision where I wanted to have them young so that

543
00:26:59,480 --> 00:27:02,560
Speaker 2: they could experience life with me for as long as

544
00:27:03,040 --> 00:27:07,000
Speaker 2: they could. So I wanted to go on holidays with them,

545
00:27:07,040 --> 00:27:08,879
Speaker 2: and I wanted to grow up with them. And I

546
00:27:08,960 --> 00:27:10,399
Speaker 2: think I've been really lucky to do that.

547
00:27:10,960 --> 00:27:13,359
Speaker 3: I love that. I love that so much. All right,

548
00:27:13,640 --> 00:27:15,879
Speaker 3: let's get back to money. I want to know, do

549
00:27:15,920 --> 00:27:19,080
Speaker 3: you have any investments? If so, what are they? If not,

550
00:27:19,600 --> 00:27:21,520
Speaker 3: why not? And when I have my.

551
00:27:21,560 --> 00:27:24,960
Speaker 2: Super I checked it the other day. It's at sixty

552
00:27:25,119 --> 00:27:27,399
Speaker 2: nine thousand, which I'm pretty happy with.

553
00:27:28,160 --> 00:27:29,680
Speaker 3: That is very exciting.

554
00:27:29,840 --> 00:27:32,480
Speaker 2: It is exciting. But I've just written a big assignment

555
00:27:32,600 --> 00:27:35,639
Speaker 2: about the super gender gap and I got really fired

556
00:27:35,680 --> 00:27:37,880
Speaker 2: up about it, and then I looked at how much

557
00:27:37,920 --> 00:27:41,199
Speaker 2: my husband has and it is way more. So I

558
00:27:41,200 --> 00:27:44,840
Speaker 2: would love to grow mine. I called my salary Sacrifice

559
00:27:44,880 --> 00:27:47,280
Speaker 2: company the other week, and I'm going to start making

560
00:27:47,400 --> 00:27:50,119
Speaker 2: extra contributions because I'd like to pump it up. I

561
00:27:50,160 --> 00:27:51,880
Speaker 2: want to use all the compounding that I can while

562
00:27:51,920 --> 00:27:55,919
Speaker 2: I'm young, and I've got a shares Us account. I

563
00:27:56,040 --> 00:27:59,080
Speaker 2: used the Sheese on the money code to sign up,

564
00:27:59,200 --> 00:28:04,160
Speaker 2: and I invested one hundred dollars into a lithium company

565
00:28:04,400 --> 00:28:07,680
Speaker 2: just to see what that's like. And now I have

566
00:28:08,080 --> 00:28:09,120
Speaker 2: thirty six dollars.

567
00:28:09,480 --> 00:28:13,320
Speaker 3: Oh my gosh, but lithium. Where did that, I guess

568
00:28:13,400 --> 00:28:18,119
Speaker 3: Idea come from, because obviously she's a little bit temperamental.

569
00:28:18,560 --> 00:28:21,399
Speaker 2: Didn't realize how temperamental. How to look at Chasy's and

570
00:28:21,400 --> 00:28:23,640
Speaker 2: it said risk profile seven, and I thought.

571
00:28:23,480 --> 00:28:27,000
Speaker 3: Yolo, go harder, go home, Go harder, go home.

572
00:28:26,800 --> 00:28:28,840
Speaker 2: Which has always been my attitude. Anyway, if you're going

573
00:28:28,880 --> 00:28:31,080
Speaker 2: to do it, you just do it. I think I

574
00:28:31,160 --> 00:28:34,400
Speaker 2: listened to one episode of Millennial Money and they were

575
00:28:34,440 --> 00:28:38,040
Speaker 2: talking about call Lithium, and I just was like, done, yep,

576
00:28:38,120 --> 00:28:39,200
Speaker 2: that's my inn right.

577
00:28:39,160 --> 00:28:41,240
Speaker 3: No worries. I'm gonna have to have a good chat

578
00:28:41,280 --> 00:28:43,400
Speaker 3: with Gloody James Can I have to let him know

579
00:28:43,560 --> 00:28:45,000
Speaker 3: that that was a terrible option.

580
00:28:45,240 --> 00:28:47,400
Speaker 2: It was. I literally every time I open it, I

581
00:28:47,440 --> 00:28:50,360
Speaker 2: just watched the graph go lower. It's just a very

582
00:28:50,400 --> 00:28:53,640
Speaker 2: steep down. But i haven't sold any of my shares,

583
00:28:53,720 --> 00:28:55,880
Speaker 2: so I'm just going to hang in there and one

584
00:28:55,960 --> 00:28:57,920
Speaker 2: day that little share will climb.

585
00:28:58,200 --> 00:29:01,280
Speaker 3: I feel like that is definitely what I guess the

586
00:29:01,320 --> 00:29:04,040
Speaker 3: advice would be is to sit and wait and see

587
00:29:04,040 --> 00:29:08,720
Speaker 3: when it climbs back up, and potentially not advice, but

588
00:29:08,760 --> 00:29:12,000
Speaker 3: potentially considered disposing of it when you're breaking even and

589
00:29:12,440 --> 00:29:14,760
Speaker 3: maybe pick a more stable asset.

590
00:29:15,400 --> 00:29:15,680
Speaker 2: Yep.

591
00:29:15,840 --> 00:29:19,600
Speaker 3: Has that given you anxiety going straight into charess and

592
00:29:19,880 --> 00:29:22,360
Speaker 3: picking an asset that kind of just went straight down?

593
00:29:22,400 --> 00:29:24,480
Speaker 3: And you were like, Oh, I don't know if I'm

594
00:29:24,560 --> 00:29:27,160
Speaker 3: very good at this investing thing, or has it scared

595
00:29:27,200 --> 00:29:29,040
Speaker 3: you off, or has it made you feel more empowered

596
00:29:29,160 --> 00:29:31,360
Speaker 3: or educated? Or I guess where are you at with

597
00:29:31,400 --> 00:29:34,160
Speaker 3: your mentality for investing now?

598
00:29:34,360 --> 00:29:37,440
Speaker 2: When I bought my shares, I felt like coin of

599
00:29:37,480 --> 00:29:40,400
Speaker 2: the world. They were heading up. I was showing my kids,

600
00:29:40,400 --> 00:29:42,680
Speaker 2: I was going, look at this, I've made twelve dollars.

601
00:29:42,840 --> 00:29:45,440
Speaker 2: This is the best day of our money. Money win

602
00:29:45,800 --> 00:29:51,240
Speaker 2: and then it just plumitted. It hasn't given me anxiety.

603
00:29:51,280 --> 00:29:54,240
Speaker 2: I've listened to so many of your podcasts, and it's

604
00:29:54,240 --> 00:29:57,040
Speaker 2: about time in the market, not timing the market. So

605
00:29:57,600 --> 00:29:59,400
Speaker 2: I've just decided to hang in there, and it's fun

606
00:29:59,440 --> 00:30:02,200
Speaker 2: to open that and watch it. It's really good practice

607
00:30:02,240 --> 00:30:05,240
Speaker 2: watching it go downhill one hundred percent. It is. I

608
00:30:05,280 --> 00:30:08,640
Speaker 2: expect one day to see that happening with bigger investments

609
00:30:08,680 --> 00:30:12,320
Speaker 2: that I have, So it's just mentally preparing me for

610
00:30:12,360 --> 00:30:13,960
Speaker 2: when I've got money to invest more.

611
00:30:14,440 --> 00:30:17,880
Speaker 3: Love all right, tell me about debts. I know you

612
00:30:17,960 --> 00:30:21,200
Speaker 3: have a mortgage that you haven't paid off. What does

613
00:30:21,200 --> 00:30:23,640
Speaker 3: that look like? And what other debts have you got.

614
00:30:23,760 --> 00:30:26,840
Speaker 2: The earliest step that I got was by HEX, and

615
00:30:26,960 --> 00:30:31,000
Speaker 2: that is sitting at twenty nine thousand. It was a

616
00:30:31,040 --> 00:30:33,800
Speaker 2: little bit lower until I got indexed at seven percent,

617
00:30:34,480 --> 00:30:38,360
Speaker 2: so that's pushed it up again. Yes, so all of

618
00:30:38,400 --> 00:30:40,720
Speaker 2: the stuff that I paid off kind of came back.

619
00:30:41,000 --> 00:30:44,320
Speaker 3: Yeah, thankfully that was the ones off and hopefully indexation

620
00:30:44,440 --> 00:30:47,000
Speaker 3: next year is much lower so it doesn't sting nearly

621
00:30:47,040 --> 00:30:47,560
Speaker 3: as much.

622
00:30:48,160 --> 00:30:51,720
Speaker 2: YEP. On top of my HEX, we took out a

623
00:30:51,880 --> 00:30:55,680
Speaker 2: salary packaged car loan because we couldn't afford to buy

624
00:30:55,680 --> 00:30:58,120
Speaker 2: a bigger car, but we had completely outgrown our little

625
00:30:58,160 --> 00:31:01,320
Speaker 2: hatchback and we were tired of telling the kids they

626
00:31:01,320 --> 00:31:03,760
Speaker 2: can't bring their bikes and we can't go on holidays

627
00:31:03,800 --> 00:31:06,960
Speaker 2: because we just could not fit anything in that little car.

628
00:31:07,600 --> 00:31:10,200
Speaker 2: We have a couple of years left to pay that off,

629
00:31:10,200 --> 00:31:12,200
Speaker 2: and I think that would be fourteen thousand dollars as

630
00:31:12,200 --> 00:31:15,760
Speaker 2: a bubble when that time runs out, and then our

631
00:31:15,800 --> 00:31:19,160
Speaker 2: biggest debt is our mortgage. But we have about fifty

632
00:31:19,160 --> 00:31:20,320
Speaker 2: percent equity.

633
00:31:20,000 --> 00:31:22,080
Speaker 3: Now, so oh my gosh.

634
00:31:22,240 --> 00:31:27,680
Speaker 2: Yeah. Because we flipped our house, we ended up having

635
00:31:27,760 --> 00:31:30,320
Speaker 2: a lot of money to put down when we bought

636
00:31:30,360 --> 00:31:34,480
Speaker 2: our townhouse, and also we chose to go many suburbs

637
00:31:34,520 --> 00:31:37,480
Speaker 2: out from where we were because we wanted to make

638
00:31:37,520 --> 00:31:40,080
Speaker 2: our money go further and we knew we wouldn't be

639
00:31:40,080 --> 00:31:44,360
Speaker 2: buying again for a long time, and townhouses have gone

640
00:31:44,400 --> 00:31:47,280
Speaker 2: up in value, so we've been really lucky. But I

641
00:31:47,360 --> 00:31:51,040
Speaker 2: have to say, when we bought our home to renovate,

642
00:31:51,080 --> 00:31:54,320
Speaker 2: we actually had to buy it with my husband's parents

643
00:31:54,320 --> 00:31:58,440
Speaker 2: on the mortgage on the title, and I hadn't realized

644
00:31:58,440 --> 00:32:00,440
Speaker 2: at the time that when you want to buy someone out,

645
00:32:00,640 --> 00:32:03,600
Speaker 2: you actually have to pay stamp duty do and you've

646
00:32:03,600 --> 00:32:05,560
Speaker 2: got to pay them out at market value. So we

647
00:32:05,640 --> 00:32:08,120
Speaker 2: actually ended up I don't want to say losing a

648
00:32:08,120 --> 00:32:10,840
Speaker 2: lot of money, because we wouldn't have bought without their help.

649
00:32:10,920 --> 00:32:13,720
Speaker 3: But it wasn't the situation you'd envisaged.

650
00:32:13,520 --> 00:32:16,320
Speaker 2: That's right, and it really slowed us down in selling

651
00:32:16,680 --> 00:32:18,760
Speaker 2: because it took such a long time to buy them out.

652
00:32:19,480 --> 00:32:21,680
Speaker 2: We would have moved a long time before that, but

653
00:32:21,760 --> 00:32:23,960
Speaker 2: we we're just restricted by the steps we had to

654
00:32:24,000 --> 00:32:24,560
Speaker 2: take first.

655
00:32:25,160 --> 00:32:29,040
Speaker 3: Yeah, fair, and it's always good to discuss that upfront.

656
00:32:29,120 --> 00:32:31,240
Speaker 3: I don't know the conversations you had before that, but

657
00:32:31,320 --> 00:32:33,360
Speaker 3: if you were about to do something like that, I

658
00:32:33,400 --> 00:32:36,000
Speaker 3: would say, please sit down with a good mortgage broker.

659
00:32:36,120 --> 00:32:38,080
Speaker 3: I mean, I know some are Zella money, but please

660
00:32:38,120 --> 00:32:40,320
Speaker 3: sit down with a good mortgage broker and go, well,

661
00:32:40,400 --> 00:32:42,200
Speaker 3: what are the pros and cons of this? If you know,

662
00:32:42,280 --> 00:32:45,680
Speaker 3: my parents go on the mortgage, what are my exit strategies?

663
00:32:45,720 --> 00:32:47,520
Speaker 3: How will that work? So that it can all be

664
00:32:47,600 --> 00:32:51,040
Speaker 3: mapped out. Because as much as it sounds like sunshine

665
00:32:51,040 --> 00:32:53,160
Speaker 3: and roses at the start, and even if everyone's on

666
00:32:53,240 --> 00:32:55,720
Speaker 3: exactly the same page, there are legalities about it, like

667
00:32:55,760 --> 00:32:58,640
Speaker 3: no one wants to pay stamp duty twice and that's

668
00:32:58,720 --> 00:33:01,840
Speaker 3: unfortunately what you had to do. Obviously, it got your

669
00:33:01,920 --> 00:33:04,200
Speaker 3: bit ahead, but it wasn't the pathway that you thought

670
00:33:04,240 --> 00:33:05,720
Speaker 3: it was going to be. And I think that the

671
00:33:05,720 --> 00:33:09,080
Speaker 3: best thing in these circumstances is to be super educated

672
00:33:09,160 --> 00:33:11,840
Speaker 3: and on top of what that means and how that works,

673
00:33:11,840 --> 00:33:14,320
Speaker 3: because I'm not saying it would change your decision, but

674
00:33:14,360 --> 00:33:16,960
Speaker 3: it could potentially change how you make that decision, or

675
00:33:17,000 --> 00:33:20,440
Speaker 3: when you make that decision, or what those timelines look like.

676
00:33:20,520 --> 00:33:23,560
Speaker 3: And I think that everybody deserves to have that upfront.

677
00:33:23,720 --> 00:33:27,360
Speaker 3: So make sure if you're thinking about it, not necessarily

678
00:33:27,400 --> 00:33:29,760
Speaker 3: you money direct, but people who want to learn from this,

679
00:33:30,000 --> 00:33:32,640
Speaker 3: you actually have a really good conversation with a mortgage

680
00:33:32,640 --> 00:33:35,960
Speaker 3: broker who can do all the numbers for you and explain, okay, cool,

681
00:33:36,000 --> 00:33:38,520
Speaker 3: Well if you disposed of it, here, here's what stamp

682
00:33:38,560 --> 00:33:40,400
Speaker 3: duty would look like, Here's what it would cost to

683
00:33:40,400 --> 00:33:42,840
Speaker 3: buy them out. Here's what your mortgage repayments would look

684
00:33:42,920 --> 00:33:44,680
Speaker 3: like after you do buy them ount if you've got

685
00:33:44,760 --> 00:33:47,400
Speaker 3: enough equity, and all of that other fun stuff. So

686
00:33:47,480 --> 00:33:50,959
Speaker 3: I think it's yeah, it's a very important thing to happen.

687
00:33:51,320 --> 00:33:53,920
Speaker 3: But you now have your actual town house that you

688
00:33:54,000 --> 00:33:56,120
Speaker 3: love and have fifty percent equity in, so it's not

689
00:33:56,160 --> 00:33:58,360
Speaker 3: like you're doing badly, my friend, I'm really.

690
00:33:58,160 --> 00:34:01,600
Speaker 2: Happy with how we're doing. We wouldn't have afforded the

691
00:34:01,680 --> 00:34:04,840
Speaker 2: mortgage and our other home after we brought his parents out.

692
00:34:04,840 --> 00:34:07,560
Speaker 2: It pushed it up so high that our hands were tired.

693
00:34:07,600 --> 00:34:09,839
Speaker 2: We would have had to sell it either way, and

694
00:34:10,000 --> 00:34:12,319
Speaker 2: at the current interest rate, there's no way we could

695
00:34:12,360 --> 00:34:15,160
Speaker 2: have service that loan. So we're really lucky at the moment.

696
00:34:15,280 --> 00:34:18,919
Speaker 2: It's not easy. Every dollar is accounted for, but we're

697
00:34:18,960 --> 00:34:20,520
Speaker 2: not in a position where we have to sell.

698
00:34:20,760 --> 00:34:23,160
Speaker 3: Yeah. Fair, all right. I want to know. I feel

699
00:34:23,160 --> 00:34:26,080
Speaker 3: like you've probably got some very savvy savings tips, but

700
00:34:26,160 --> 00:34:28,040
Speaker 3: I want to know, what do you think your best

701
00:34:28,160 --> 00:34:29,080
Speaker 3: money habit is.

702
00:34:29,600 --> 00:34:33,240
Speaker 2: I think my best money habit is I am open

703
00:34:33,400 --> 00:34:38,720
Speaker 2: to being uncomfortable to reach my savings goals. It isn't

704
00:34:38,760 --> 00:34:42,120
Speaker 2: everyone's ideal to move into a little bedroom upstairs at

705
00:34:42,120 --> 00:34:45,440
Speaker 2: their in laws when they're newly married, but it's the

706
00:34:45,480 --> 00:34:49,200
Speaker 2: only way that we could renovate a home and build

707
00:34:49,280 --> 00:34:52,520
Speaker 2: our future wealth. While we were renovating, I took on

708
00:34:52,760 --> 00:34:56,560
Speaker 2: every on call weekend night shift that I could, and

709
00:34:56,600 --> 00:34:59,840
Speaker 2: that I would still go after work and scrape paint

710
00:35:00,120 --> 00:35:03,279
Speaker 2: and rip up carpet and put the hard work in.

711
00:35:03,400 --> 00:35:06,640
Speaker 2: So I think my best money habit is I'm always

712
00:35:06,680 --> 00:35:09,160
Speaker 2: thinking about how to set us up for the future.

713
00:35:09,560 --> 00:35:11,080
Speaker 2: And if that means that we miss out on a

714
00:35:11,120 --> 00:35:16,480
Speaker 2: holiday now, but long term we're feeling safer than that's

715
00:35:16,480 --> 00:35:18,759
Speaker 2: something that I'm really happy to do.

716
00:35:19,280 --> 00:35:21,880
Speaker 3: I love that. Can we flip the narrative, though? Have

717
00:35:21,920 --> 00:35:24,680
Speaker 3: you got any cheeky or naughty money habits? What's your

718
00:35:24,719 --> 00:35:25,359
Speaker 3: worst one?

719
00:35:26,280 --> 00:35:29,359
Speaker 2: I definitely have one, and my husband points this out

720
00:35:29,360 --> 00:35:31,120
Speaker 2: all the time. I have a joke that my house

721
00:35:31,280 --> 00:35:35,520
Speaker 2: is a hobby graveyard. I tend to get really excited

722
00:35:35,520 --> 00:35:36,040
Speaker 2: on hobbyes.

723
00:35:36,360 --> 00:35:40,560
Speaker 3: Hobby graveyard, yeah, and that sounds really awful, but my hobbies.

724
00:35:40,760 --> 00:35:42,880
Speaker 3: Have you just got a graveyard in your backyard that

725
00:35:42,920 --> 00:35:44,719
Speaker 3: we need to like? Do we need to talk about this?

726
00:35:45,080 --> 00:35:45,800
Speaker 2: Oh my gosh.

727
00:35:45,840 --> 00:35:45,920
Speaker 1: No.

728
00:35:46,239 --> 00:35:50,000
Speaker 2: It's more that I get really excited and hyper fixate

729
00:35:50,080 --> 00:35:51,640
Speaker 2: on something and I decide I'm going to be the

730
00:35:51,680 --> 00:35:53,920
Speaker 2: best at it, and I'm not just gonna buy like

731
00:35:53,960 --> 00:35:57,880
Speaker 2: a little cheap keyboard. I bought a piano and guitars

732
00:35:57,960 --> 00:35:59,800
Speaker 2: when I decided I was going to learn guitar.

733
00:36:00,000 --> 00:36:02,359
Speaker 3: Okay, this is making a lot more sense. It's full

734
00:36:02,360 --> 00:36:04,880
Speaker 3: of you have a graveyard for your hobbies that have

735
00:36:05,000 --> 00:36:05,600
Speaker 3: passed away.

736
00:36:05,719 --> 00:36:06,160
Speaker 2: That's right.

737
00:36:06,239 --> 00:36:09,440
Speaker 3: Hobby is not graveyards, no, no, no, I just have

738
00:36:09,680 --> 00:36:12,040
Speaker 3: a museum of hobbies that I started and I was

739
00:36:12,080 --> 00:36:13,279
Speaker 3: certain that I would.

740
00:36:13,360 --> 00:36:16,080
Speaker 2: Love and do them forever. And I've got a sewing

741
00:36:16,120 --> 00:36:18,680
Speaker 2: machine and a treadmill and a piano and guitars and

742
00:36:18,760 --> 00:36:23,000
Speaker 2: all sorts of things that were really expensive, and now

743
00:36:23,040 --> 00:36:24,839
Speaker 2: I just get to smile at them as I walk by.

744
00:36:25,200 --> 00:36:27,239
Speaker 3: I love that. I love that. So you're saying that

745
00:36:27,239 --> 00:36:31,120
Speaker 3: they still spark joy. So is it a bad thing? Husband,

746
00:36:31,360 --> 00:36:35,759
Speaker 3: They do spark joy exactly. Sit down. I love that

747
00:36:35,880 --> 00:36:37,640
Speaker 3: so much. I feel like I can relate to that.

748
00:36:37,880 --> 00:36:40,840
Speaker 3: I very much think that I've just got this idea

749
00:36:40,960 --> 00:36:44,120
Speaker 3: that if I see something on TikTok or if I

750
00:36:44,239 --> 00:36:46,759
Speaker 3: see something online, I'm like, I could do that. I

751
00:36:46,800 --> 00:36:48,719
Speaker 3: could be great at that. And then I get it.

752
00:36:48,760 --> 00:36:51,000
Speaker 3: And obviously you have to get all of the things

753
00:36:51,040 --> 00:36:53,960
Speaker 3: for it, because you have to go all in, and

754
00:36:54,000 --> 00:36:55,279
Speaker 3: then yep, you don't use it.

755
00:36:55,520 --> 00:36:58,080
Speaker 2: Oh, I get all the accessories and I'll never get

756
00:36:58,200 --> 00:37:01,040
Speaker 2: like the entry level because I'm going to be really

757
00:37:01,080 --> 00:37:01,840
Speaker 2: good at piano.

758
00:37:02,840 --> 00:37:05,439
Speaker 3: Exactly. We are very good at the things that we do.

759
00:37:05,640 --> 00:37:08,319
Speaker 3: I don't know where this audacity comes from, but I've

760
00:37:08,400 --> 00:37:10,560
Speaker 3: just decided, you know what, I'd probably be good at that.

761
00:37:11,719 --> 00:37:13,719
Speaker 2: And that's my home. You can just walk around and

762
00:37:13,760 --> 00:37:16,280
Speaker 2: it's like a tour of all the hobbies that's okay

763
00:37:16,640 --> 00:37:20,040
Speaker 2: I've picked up and then lovingly stepped away from.

764
00:37:20,480 --> 00:37:23,239
Speaker 3: If we ever go into lockdown again, I think I

765
00:37:23,320 --> 00:37:24,960
Speaker 3: might move in with you because I feel like it

766
00:37:25,000 --> 00:37:28,360
Speaker 3: would be a very well resourced home to have, you know,

767
00:37:28,760 --> 00:37:30,320
Speaker 3: a little bit of a waytime.

768
00:37:30,239 --> 00:37:31,800
Speaker 2: It is, and you're very welcome to move in. You

769
00:37:31,840 --> 00:37:34,239
Speaker 2: can bring your kiddies. I have two cats of my own,

770
00:37:34,320 --> 00:37:37,520
Speaker 2: thank you, thank you. Yes, I've got a kitten. He's divine.

771
00:37:38,040 --> 00:37:40,640
Speaker 3: My boys, I'm not. So they're social with each other

772
00:37:40,680 --> 00:37:42,960
Speaker 3: and with humans. The second you introduce a different pet,

773
00:37:43,000 --> 00:37:45,080
Speaker 3: they're like, get out. We are the Kings.

774
00:37:45,760 --> 00:37:46,799
Speaker 2: That's fair, all right.

775
00:37:46,840 --> 00:37:49,879
Speaker 3: I need to know at the very start of this episode,

776
00:37:50,560 --> 00:37:52,879
Speaker 3: when I asked you, hey, like, what do you think

777
00:37:52,920 --> 00:37:55,319
Speaker 3: your money habits would be graded? You gave yourself a

778
00:37:55,320 --> 00:37:58,080
Speaker 3: B minus and then you said, ah, but that's because

779
00:37:58,080 --> 00:38:01,319
Speaker 3: I have some self limiting beliefs. I want to know

780
00:38:01,480 --> 00:38:04,319
Speaker 3: what are those self limiting beliefs and how did you

781
00:38:04,400 --> 00:38:05,239
Speaker 3: identify them.

782
00:38:05,600 --> 00:38:07,960
Speaker 2: I think I identified them when I saw jobs come

783
00:38:08,040 --> 00:38:10,439
Speaker 2: up that I think that i'd be really good at

784
00:38:10,480 --> 00:38:14,120
Speaker 2: and they pay well, and I instantly felt so uncomfortable

785
00:38:14,200 --> 00:38:19,560
Speaker 2: about asking for more money and being worthy of earning more.

786
00:38:20,120 --> 00:38:22,920
Speaker 2: And I think a lot of that comes from being

787
00:38:23,040 --> 00:38:25,560
Speaker 2: raised in a way that I was always taught how

788
00:38:25,600 --> 00:38:28,320
Speaker 2: to save money and be really frugal. I was always

789
00:38:28,320 --> 00:38:30,440
Speaker 2: taught to turn the lights out. We never had the

790
00:38:30,480 --> 00:38:32,839
Speaker 2: heater on when I was growing up, things like that.

791
00:38:32,840 --> 00:38:35,800
Speaker 2: But I've never been given the tools to feel comfortable

792
00:38:35,840 --> 00:38:41,560
Speaker 2: growing my wealth. And I think when I get offered money,

793
00:38:41,680 --> 00:38:44,440
Speaker 2: I just freak out and I think, no, I've got

794
00:38:44,480 --> 00:38:47,120
Speaker 2: a salary and it's a safe job, and I've got

795
00:38:47,120 --> 00:38:49,800
Speaker 2: bills to pay, and I'll just stay here because it's comfortable.

796
00:38:50,080 --> 00:38:53,399
Speaker 2: And I'd really like to be able to be uncomfortable.

797
00:38:53,400 --> 00:38:56,360
Speaker 2: I'd really like to be brave and take those risks

798
00:38:56,360 --> 00:38:58,960
Speaker 2: and know that I'm worthy of earning more.

799
00:38:59,120 --> 00:39:02,440
Speaker 3: You one hundred percent, like a thousand percent, are so

800
00:39:02,640 --> 00:39:06,080
Speaker 3: worthy of earning more. I feel like it's so good

801
00:39:06,120 --> 00:39:08,759
Speaker 3: that you've been able to identify that. It makes me

802
00:39:08,800 --> 00:39:12,359
Speaker 3: a bit sad because obviously, from my perspective, I'm like, no, no, no,

803
00:39:12,440 --> 00:39:15,440
Speaker 3: you definitely deserve it, Like, go for that promotion, go

804
00:39:15,520 --> 00:39:18,720
Speaker 3: for that other job, put yourself out there, obviously within reason,

805
00:39:18,800 --> 00:39:23,040
Speaker 3: making sure that like everything's okay. But the worst thing

806
00:39:23,120 --> 00:39:26,280
Speaker 3: someone can say is no, And is that the worst

807
00:39:26,719 --> 00:39:28,840
Speaker 3: them saying oh no, thank you? There was a better candidate.

808
00:39:28,880 --> 00:39:31,120
Speaker 3: You go, yeah, no worries. I put my hat in

809
00:39:31,160 --> 00:39:34,040
Speaker 3: the ring. That's actually a really good thing. I love that.

810
00:39:34,880 --> 00:39:37,920
Speaker 3: I want to know what steps can you take? So

811
00:39:38,280 --> 00:39:40,320
Speaker 3: if you wanted to be an A plus? What steps

812
00:39:40,320 --> 00:39:41,960
Speaker 3: would you have to take to get there?

813
00:39:42,520 --> 00:39:46,560
Speaker 2: Oh, to get to an A plus? That's totally thrown me.

814
00:39:47,880 --> 00:39:49,919
Speaker 3: Sorry, Oh that's okay.

815
00:39:50,080 --> 00:39:51,520
Speaker 2: I thought you could be like, what is your what

816
00:39:51,560 --> 00:39:53,160
Speaker 2: would you give yourself? And I'd be like, oh, maybe

817
00:39:53,200 --> 00:39:53,520
Speaker 2: a bee?

818
00:39:53,960 --> 00:39:56,080
Speaker 3: Oh no, no, no, we hard and then I'm gonna

819
00:39:56,080 --> 00:39:58,000
Speaker 3: make you regrade yourself after sit down.

820
00:39:58,120 --> 00:40:00,640
Speaker 2: Oh my gosh, Okay, how would I get to A plus?

821
00:40:00,680 --> 00:40:03,480
Speaker 2: I honestly have no idea. I don't know.

822
00:40:04,360 --> 00:40:06,239
Speaker 3: I feel like we need to do some inner work

823
00:40:06,320 --> 00:40:09,879
Speaker 3: on believing in ourselves. My friends. Yeah, because everything you've

824
00:40:09,880 --> 00:40:12,520
Speaker 3: told me like, I adore it, Like you are obviously

825
00:40:12,640 --> 00:40:15,840
Speaker 3: so caring and so kind and want to look after

826
00:40:15,920 --> 00:40:18,799
Speaker 3: your you know, parents and have people move in with you.

827
00:40:19,080 --> 00:40:23,239
Speaker 3: And your money story is honestly so interesting and I

828
00:40:23,239 --> 00:40:26,720
Speaker 3: guess complex that I can see why you feel that way.

829
00:40:26,840 --> 00:40:30,200
Speaker 3: But also look what you've done, Like you're already investing,

830
00:40:30,360 --> 00:40:33,000
Speaker 3: you are completely across what you have in super you're

831
00:40:33,000 --> 00:40:35,600
Speaker 3: already talking about adding more so that you don't have

832
00:40:35,640 --> 00:40:37,759
Speaker 3: such a big gap between you and your husband, Like

833
00:40:37,800 --> 00:40:40,200
Speaker 3: you're so clear on what your mortgage is and what

834
00:40:40,280 --> 00:40:42,960
Speaker 3: you know. Salary packaging a car actually looked like and

835
00:40:42,960 --> 00:40:45,560
Speaker 3: I mean, you're salary packaging your mortgage. So to me,

836
00:40:45,640 --> 00:40:48,760
Speaker 3: I'm like, she's killing it, like she's doing so well.

837
00:40:48,800 --> 00:40:52,960
Speaker 3: But obviously you don't feel that way because you know

838
00:40:53,120 --> 00:40:54,879
Speaker 3: you've got some stuff that you want to work through.

839
00:40:54,920 --> 00:40:57,360
Speaker 3: And this is one that I don't want to argue

840
00:40:57,840 --> 00:41:00,640
Speaker 3: with you on because I go, oh, well, that's really valid.

841
00:41:00,760 --> 00:41:02,920
Speaker 3: Like if you feel like you've got heaps of space

842
00:41:03,040 --> 00:41:05,560
Speaker 3: to go, then you've got heaps of space to go.

843
00:41:05,719 --> 00:41:08,719
Speaker 3: And so much of the time a grade is just

844
00:41:09,120 --> 00:41:12,160
Speaker 3: it's so different for each and every single person. Because

845
00:41:12,320 --> 00:41:14,879
Speaker 3: I could say, oh, I'm an A plus and people

846
00:41:14,920 --> 00:41:17,160
Speaker 3: would smile and nod and agree. But I don't feel

847
00:41:17,160 --> 00:41:19,600
Speaker 3: like I'm an A plus, like I'm good at money,

848
00:41:20,040 --> 00:41:23,480
Speaker 3: but my gosh, I definitely could be so much better.

849
00:41:24,080 --> 00:41:26,399
Speaker 3: But from the outside looking in, I think everybody would

850
00:41:26,440 --> 00:41:29,080
Speaker 3: think I'm incredible, right like where she's on the money.

851
00:41:29,120 --> 00:41:31,480
Speaker 3: Obviously I must be good with it, and I am

852
00:41:31,840 --> 00:41:35,359
Speaker 3: in principle, But do what I say, not what I do.

853
00:41:35,680 --> 00:41:39,319
Speaker 3: I think is definitely more the lesson here, So I'm

854
00:41:39,320 --> 00:41:42,279
Speaker 3: not gonna argue with your bus. But having heard your

855
00:41:42,320 --> 00:41:45,239
Speaker 3: story back, having had this conversation, do you want the

856
00:41:45,239 --> 00:41:46,520
Speaker 3: opportunity to change it?

857
00:41:46,760 --> 00:41:48,279
Speaker 2: I think I might bump it up to a B.

858
00:41:48,760 --> 00:41:52,000
Speaker 3: I like that. I feel like that feels a little

859
00:41:52,040 --> 00:41:54,920
Speaker 3: bit more comfortable, and that's not that far to an

860
00:41:54,960 --> 00:41:58,799
Speaker 3: A plus, my friend at all. All right, unfortunately that

861
00:41:59,040 --> 00:42:01,440
Speaker 3: is or we have time. I'm for today, money dires.

862
00:42:01,480 --> 00:42:04,440
Speaker 3: This has been a pleasure. I have loved learning about you.

863
00:42:04,520 --> 00:42:07,200
Speaker 3: I have loved learning about your money story and how

864
00:42:07,239 --> 00:42:09,080
Speaker 3: you grow up and all of the stuff in between.

865
00:42:09,120 --> 00:42:11,640
Speaker 3: So thank you, honestly, thank you so much. It has

866
00:42:11,719 --> 00:42:12,520
Speaker 3: been a pleasure.

867
00:42:12,760 --> 00:42:15,120
Speaker 2: Thank you, Victoria. I listen every morning, so it's going

868
00:42:15,200 --> 00:42:18,120
Speaker 2: to be really exciting to listen to today's episode when

869
00:42:18,120 --> 00:42:18,960
Speaker 2: we're done recording.

870
00:42:19,480 --> 00:42:21,680
Speaker 3: I can promise you that when you listen to it back,

871
00:42:21,719 --> 00:42:23,839
Speaker 3: you're going to be like, Oh, I'm an as. Now

872
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Speaker 3: you're going to upgrade yourself again.

873
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Speaker 2: I promise.

874
00:42:32,239 --> 00:42:34,760
Speaker 3: The advice shared on She's on the Money is general

875
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Speaker 3: in nature and does not consider your individual circumstances. She's

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Speaker 3: on the Money exists purely for educational purposes and should

877
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Speaker 3: not be relied upon to make an investment or financial decision.

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Speaker 3: If you do choose to buy a financial product, read

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Speaker 3: the PDS TMD and obtain appropriate financial advice tailored towards

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Speaker 3: your needs. Victoria Divine and She's on the Money are

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Speaker 3: two one six four nine two seven seven zero eight

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Speaker 3: a f s L four five one two eight nine