Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
Speaker 1: the Order, Kernie Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's on the Money Podcast Millennials
Speaker 4: who want financial freedom. Welcome back to another one of
Speaker 4: our money diaries where we get to talk with one
Speaker 4: of our incredible She's on the Money community members all
Speaker 4: about their journey. Now, let's dive straight in, because this
Speaker 4: week we got a letter and it sounded like this, Dear,
Speaker 4: She's on the Money. I was told I'd never qualify
Speaker 4: for an investment property loan, but I proved them wrong
Speaker 4: and bought two in just seven months. Growing up, I
Speaker 4: was taught early that money is hard to earn and
Speaker 4: quick to lose. By the age of thirteen, I was
Speaker 4: teaching drum lessons for ten dollars a session, which taught
Speaker 4: me the power of saving. Now, at twenty four, I'm
Speaker 4: self employed with two positively geared properties, and I'm just
Speaker 4: getting started my goal to build a ten property portfolio
Speaker 4: and secure a financial future on my own terms. With
Speaker 4: a mix of savvy hard work and inspiration from the
Speaker 4: She's on the money community, I'm showing the big dreams
Speaker 4: really can come true. Money Diarist from ten bucks for
Speaker 4: a drum lesson to having two properties and the plan
Speaker 4: is ten that's a bit of a financial glow up.
Speaker 2: Yeah, well I'm on the way. But yeah, it's a
Speaker 2: bit crazy to think of it like that.
Speaker 4: I love this so much. I am so excited. Let's
Speaker 4: dive straight in. But before we get there, money rist,
Speaker 4: what grade would you give your money habits If I
Speaker 4: asked you to give them a grade from eight through
Speaker 4: to F, I.
Speaker 2: Would probably give myself a solid b ooh, a solid bee.
Speaker 4: All right, let's dive into it. I want to know
Speaker 4: tell me a bit more about your money story.
Speaker 2: Yep. So, when I grew up, my parents had two
Speaker 2: government jobs and we had everything that we needed. I
Speaker 2: was very fortunate to live in the home that I
Speaker 2: lived in and have the family who are super supportive.
Speaker 2: We all grew up. All my siblings were doing music,
Speaker 2: so my parents paid for us to do our music tuitions,
Speaker 2: but we also did a lot of extension bands. When
Speaker 2: I went to high school, my primary school band can
Speaker 2: asked me to tutor a student. He actually said it
Speaker 2: was going to be twenty bucks an hour, and I thought.
Speaker 4: Yes, that's a good deal.
Speaker 2: I know, I thought I was going to be getting
Speaker 2: more than what people at macas get.
Speaker 4: Yeah, one hundred percent.
Speaker 2: But then I realized it was only thirty minutes a week.
Speaker 4: Oh but still.
Speaker 2: You know what you get what you get, yeah, yeah,
Speaker 2: but still it was fantastic because I just would hop
Speaker 2: off the bus on my way home from school, do
Speaker 2: my lesson, and then head home, so it was super easy.
Speaker 2: When I was in year eight, my brother and I
Speaker 2: were in an extension band for the region and we
Speaker 2: went to our band rehearsal and the idea was kind
Speaker 2: of prop to us that there would be an international
Speaker 2: tour to both Hong Kong and China.
Speaker 4: You're going to have to tell me, I'm sorry, what
Speaker 4: is an extension band.
Speaker 2: It's like outside of school. So if you were advanced
Speaker 2: at your instrument, you would then audition for an additional
Speaker 2: program to do outside of school.
Speaker 4: Ooh, you're an advanced musician.
Speaker 2: Yes, some might say. Yeah. So we came home and
Speaker 2: we told my parents that there was this option for
Speaker 2: us to go overseas on this tour, and my dad said, yes,
Speaker 2: that sounds awesome. You can do it, but you have
Speaker 2: to pay for it yourself.
Speaker 4: Oh my gosh. And you were like, oh, this is
Speaker 4: not how I saw this conversation going.
Speaker 2: Yeah, and I'm thinking I'm earning ten dollars a week
Speaker 2: doing one lesson a week. How am I going to
Speaker 2: afford a trip to China? So my mum had this
Speaker 2: idea of us getting those Cabri chocolate boxes and selling
Speaker 2: them at soccer games and netball matches. Smart and that's
Speaker 2: the route that we went down. Yeah, So we ended
Speaker 2: up going every weekend, going to netball courts, soccer games,
Speaker 2: taking them to school, taking them to band and honestly,
Speaker 2: the amount of chocolates we sold it was ridiculous.
Speaker 4: But everyone loves a giant Fredo, Like I mean, the
Speaker 4: second you offer me a giant caramelo koala babe, like
Speaker 4: say less.
Speaker 2: And you know what, the caramelo koalas were the ones
Speaker 2: that would sell the most. We had a lady who
Speaker 2: would buy them by the box.
Speaker 4: Yeah, because she's a genius.
Speaker 2: And so we would go and sell them at school
Speaker 2: and we would sell like toblerons as well, so toblerones
Speaker 2: and like two spars and all the different kind of
Speaker 2: cabri chocolate. And my mum she's like, you should sell
Speaker 2: the toblerns for two dollars because they're a boogie chocolate.
Speaker 4: Yeah, smart woman, she's a business lady.
Speaker 2: Yeah, we'll get a bit more profit. So we started
Speaker 2: selling them at school. But we noticed that there was
Speaker 2: another kid selling chocolate at school, but his toblerones were
Speaker 2: only a dollar.
Speaker 4: Oh, you've got to market competition.
Speaker 2: Yeah. So what my brother did, and this is I
Speaker 2: think where the light bulb moment went off for me
Speaker 2: on how to be savvy with money, he went and
Speaker 2: bought all of the toblerones off, chucked them in our boxes,
Speaker 2: and we went off and sold them for two dollars each.
Speaker 4: Honestly, you are business moguls. You were born for business
Speaker 4: that's actually iconic. He won, you.
Speaker 2: Won exactly exactly, and it just was like a light
Speaker 2: bulb moment of you know, you can still get your
Speaker 2: cake and eat it too, you can. You know, everyone
Speaker 2: can win.
Speaker 4: I adore that. I think it's so funny. In my
Speaker 4: mortgage breaking business, I don't think that's going to work
Speaker 4: for me, but in a product based business could potentially
Speaker 4: be a great strategy.
Speaker 2: Yeah. So then we ended up going on that tour.
Speaker 2: We raised eight grand total.
Speaker 4: What eight thousand dollars from Cadbury Chocolates.
Speaker 2: Yeah, I know, it's a lot, it's a lot. My
Speaker 2: mum was saying, we're selling so much chocolates that soon
Speaker 2: we're going to become chocolates. We just were a chocolate family. Yeah.
Speaker 4: I love that. I love that side hustle queen.
Speaker 2: Yeah. So we went on the tour and it was fantastic.
Speaker 2: And then two years later we were offered the opportunity
Speaker 2: to go on another international tour and this one was
Speaker 2: to Europe. So guess how we got us there?
Speaker 4: Hey, Cabri, you heard of us before?
Speaker 2: Yep? We caught up Cabri and we sold another eight
Speaker 2: grand worth of chocolate.
Speaker 4: Oh my God, I love that, and I love that
Speaker 4: it was like you guys were so involved in the
Speaker 4: fundraising for that, so like it totally benefited you. But
Speaker 4: you learned a lot about financial literacy, about negotiating, about
Speaker 4: like putting in the work. I'm obsessed with that. Bring
Speaker 4: back the Cabri chocolate sales. Although do you reckon that
Speaker 4: they're like five dollars of chocolate nowadays, because I feel
Speaker 4: like it used to be like a dollar for a
Speaker 4: giant Caramela Koala.
Speaker 2: Yeah, they're pretty expensive now. I don't know what the
Speaker 2: profit was like, but when we did it, it was
Speaker 2: I think we're making about twenty dollars a box. So
Speaker 2: you purchase the box for thirty dollars and then you
Speaker 2: sell the whole box for fifty, So we'd make a
Speaker 2: twenty dollar probit, which is a lot of boxes to
Speaker 2: sell one hundred percent us going. Yeah. And then the
Speaker 2: following year, my brother was in year twelve and he
Speaker 2: was in a different band to me, but they were
Speaker 2: going to America. So, being the good sister I am,
Speaker 2: I pulled up my sleeves and I started selling chocolates
Speaker 2: with him. I'm another four grand for him to go
Speaker 2: and then The following year, it was my turn and
Speaker 2: my band was going to America, so we sold another
Speaker 2: four grand worth of chocolate. So to all throughout my
Speaker 2: high school life, I sold twenty four thousand dollars worth
Speaker 2: of chocolate.
Speaker 4: Oh my god, Cadbrey, you're welcome, because if you're spending
Speaker 4: thirty dollars to buy that box, we all know it
Speaker 4: costs them two dollars to make. You've basically kept Cabri
Speaker 4: in business.
Speaker 2: It's absolutely crazy. I can't believe that we sold that much.
Speaker 2: But when I go past the network courts, I thank
Speaker 2: goodness I don't play netball. I go past and I
Speaker 2: get a little bit of like, oh, I don't want
Speaker 2: to be here anymore. I've spent too much time here.
Speaker 4: Yeah, no, that's fair, that's fair. I feel like you'd
Speaker 4: be a bit triggered. But for twenty four thousand dollars,
Speaker 4: I'll take that feeling any day. That's absolutely fine with me.
Speaker 2: And I think growing up and having my dad be
Speaker 2: so adamant, like you can do it, but you have
Speaker 2: to put in the effort yourself has put a really
Speaker 2: strong worth ethic, especially in all of us kids, because
Speaker 2: we love what we do and we put a lot
Speaker 2: of effort into our jobs, and it really shows like
Speaker 2: we're happy to put in that time because we know
Speaker 2: what the outcome will be.
Speaker 4: I love that. I feel like it's teaching work ethic
Speaker 4: really young. Yeah, and it was for a bigger cause
Speaker 4: it wasn't just you getting a whole heap of cash
Speaker 4: and then seeing what to do with it. Like you
Speaker 4: had a purpose, you had an outcome. You got to
Speaker 4: see that be achieved. I think that's just it's really cool,
Speaker 4: and we.
Speaker 2: Valued it so much more because we spent all of
Speaker 2: those hours going and putting in the hard work so
Speaker 2: that we could go on these trips one hundred percent.
Speaker 4: And they are not cheap, Like, those trips are expensive.
Speaker 4: And imagine if your parents had to cough up twenty
Speaker 4: four thousand dollars for you to, you know, pursue your
Speaker 4: band dreams. It just is not feasible for the average family,
Speaker 4: Like that's just not an option. But you still got
Speaker 4: these opportunities because you guys got involved.
Speaker 2: Yeah, exactly exactly. But yeah, I went on and I
Speaker 2: ended up doing a design degree. I didn't go down
Speaker 2: the music route. I wanted to kind of stray away
Speaker 2: from my brother we already played the same instrument, and
Speaker 2: he was already going down the music route. So I
Speaker 2: changed my direction and I ended up doing a Bachelor
Speaker 2: of Design, and throughout my work I was still tutoring.
Speaker 2: I had about twenty students drum students at the stage,
Speaker 2: and I was charging a bit more. I wasn't at
Speaker 2: the ten dollars per half an hour anymore.
Speaker 4: Yeah, very nice for a NUS.
Speaker 2: And my grandparents ended up getting quite unwell. My grandmother
Speaker 2: had dementia and my granddad had Alzheimer's and they were
Speaker 2: at the stage where they started to need someone to
Speaker 2: care for them, and so I volunteered. I popped my
Speaker 2: hand up and I would care for them.
Speaker 4: Oh, you are so special.
Speaker 2: Honestly, it was the best experience. It was in their
Speaker 2: last three years of life. And the connection that you
Speaker 2: build when you're seeing, especially a grandparent who you view
Speaker 2: in a certain way when you're young, and then being
Speaker 2: an adult and having to care for them and help
Speaker 2: them eat and help them walk and do exercises. It
Speaker 2: has taught me a lot of people's skills, but also
Speaker 2: it's given me a lot of reflection that life is
Speaker 2: so sure and you don't know which way it's going
Speaker 2: to turn.
Speaker 4: Yeah, and those diseases are heartbreaking, Like, those diseases are
Speaker 4: things that I would never wish on anybody because they're
Speaker 4: just slowly chipping away at who you are and what
Speaker 4: you were. And like watching that, as much as I
Speaker 4: can see that you're so grateful for the experience, it
Speaker 4: would have been heartbreaking at the same time because they're
Speaker 4: losing themselves and that is Oh, you're such a special
Speaker 4: person for stepping up and doing that. Because as much
Speaker 4: as you're saying like, oh, it's such an opportunity, like,
Speaker 4: it also would have been a really rough gig.
Speaker 2: Yeah, it was tough, but I have been brought up
Speaker 2: in the most exceptional family. We're a huge family and
Speaker 2: we are always there for everyone. Everybody has a place
Speaker 2: and if I needed help, I know anyone would drop
Speaker 2: a hat to be there.
Speaker 4: I love this.
Speaker 2: Yeah, it wasn't even a question, like I just knew yes,
Speaker 2: I And especially because I was kind of finishing up
Speaker 2: my degree, I had part time work. I had a
Speaker 2: bit more time on my hands compared to everybody else
Speaker 2: working full time.
Speaker 4: You're like, well that fits me, no worries.
Speaker 2: Yeah, but it was also the time around COVID. So
Speaker 2: I was having a hard time finding a job in
Speaker 2: like a corporate world to do design, so spending my
Speaker 2: time with them was much preferred. But also it was
Speaker 2: a lot more valued to me. And because I cared
Speaker 2: for them, I was then able to start thinking, Okay,
Speaker 2: what do I want to do, Like I had a
Speaker 2: bit more time under my sleep, kind of like a
Speaker 2: gap year but for a few years, and I decided
Speaker 2: I'm going to start my own clothing brand.
Speaker 4: Oh okay, yeah. And I had a chat to my dad.
Speaker 2: I said, Dad, I'm going to start my own clothing brand.
Speaker 2: And he said, that is the dumbest thing you could do.
Speaker 4: You can always trust your dad to give you some
Speaker 4: brutal honesty, can't you.
Speaker 2: Yes, And he said, do you really want to be
Speaker 2: self employed? You're going to have to do your own
Speaker 2: super You're not going to have any leave, no maternity leave,
Speaker 2: no holiday leave, no sickly trust me, it's just put
Speaker 2: it in the two high basket. You don't want to
Speaker 2: do it, just go get a normal job and work
Speaker 2: for someone else. And I just was like, oh, that
Speaker 2: sounds boring.
Speaker 4: You're preaching to the converted, Like I'm at a point
Speaker 4: in my career now, where if I worked for somebody else,
Speaker 4: i'd be fired the same day that I started employment
Speaker 4: with them. So like, yes, not for me, but also
Speaker 4: it's definitely the safer option. At the end of the day.
Speaker 4: Having a consistent paycheck coming in is so valuable. Like
Speaker 4: the amount of stress that you carry as a business
Speaker 4: owner insane. But tell me, what did you do. Did
Speaker 4: you listen to your dad's advice?
Speaker 2: No, I did not, And I went off and I
Speaker 2: started my own brand, and I had the best time.
Speaker 2: I woke up every morning and I loved what I
Speaker 2: was doing. But also keep in mind, I was self
Speaker 2: employed since I was thirteen. I was teaching music lessons
Speaker 2: from a very young age. I knew how to talk
Speaker 2: to clients. I knew how to you know, have those
Speaker 2: people skills to run your own business. And I just
Speaker 2: had finished my degree and I was ready to give
Speaker 2: it a crack. So I had my own brand. I
Speaker 2: was selling online, I was selling in stores, I was
Speaker 2: doing runway shows.
Speaker 4: Oh my god.
Speaker 2: Yeah, it was thriving. It was going quite well, but
Speaker 2: I just was starting to feel a bit burnt out
Speaker 2: from doing the marketing, the sales, negotiating with the manufacturers.
Speaker 2: There's so many different hats that you need to wear.
Speaker 2: And I listened to a podcast of She's on the Money,
Speaker 2: one of the earlier episodes, and you were talking about freelancing,
Speaker 2: and it was like a light bulb moment, and I thought, oh,
Speaker 2: my goodness, I can do all of this for somebody
Speaker 2: else as a freelancer. Still work on my terms, and
Speaker 2: I kind of chose the roles that I liked the
Speaker 2: most and the ones that I was best at. So
Speaker 2: now I am a freelance designer and I do that
Speaker 2: for clients instead of doing it all for me.
Speaker 4: What that's so cool? I love that I get to
Speaker 4: be a timey little part of that journey and that
Speaker 4: you're like, oh, you planted a little seed and then
Speaker 4: that grew and now I'm thriving. I love this. I mean,
Speaker 4: you would have thrived anyway, but like, I like that
Speaker 4: I got to be part of that. That is legit
Speaker 4: so cool. So tell me about what you now officially
Speaker 4: do for work and how much money you earn.
Speaker 2: So I am a freelance designer and I'm also a
Speaker 2: music tutor, and the last financial year that we had,
Speaker 2: I earned one hundred and nine thousand dollars.
Speaker 4: What one hundred grand and you're just doing your own thing.
Speaker 2: Yes, And the year before I had earned seventy thousand dollars,
Speaker 2: and then the year before that when I had just started,
Speaker 2: only in the last few months I earned thirty grand.
Speaker 4: That is really good. I love that. So are you
Speaker 4: paying your own super? Is a very good question because
Speaker 4: your dad turned around and said, ah, you'd have to
Speaker 4: pay your own super.
Speaker 2: Yes. I do my own super, and sometimes I pay
Speaker 2: a little bit more because I know that it's very important.
Speaker 2: Sometimes I put fifteen percent in.
Speaker 4: Oh an icon? How's that going for you? Dad?
Speaker 2: So my super is currently sitting at thirty two thousand,
Speaker 2: four hundred.
Speaker 4: How good's that? And how old are you?
Speaker 2: I'm twenty four.
Speaker 4: That is an epic amount of superannuation for someone who
Speaker 4: is only twenty four to have, Like you're I mean
Speaker 4: this in the most non condescending way ever. You're just
Speaker 4: the baby, like you are starting your career and you're
Speaker 4: earning six figures. Be for real, what other twenty four
Speaker 4: year old is out there paying their own superannuation, running
Speaker 4: their own business and earning six figures. That's so cool.
Speaker 4: I'm so proud of you. I adore this so much.
Speaker 2: Yeah, it's absolutely crazy, And I drive in between my
Speaker 2: jobs to different schools and I just think, like, I'm
Speaker 2: so lucky that I get to do this for work,
Speaker 2: Like I have the best job, I work with this people,
Speaker 2: and I'm loving my life, like I'm so grateful that
Speaker 2: this is how everything's turned out. And the crazy thing is,
Speaker 2: no one's given it to me. I've just pushed and
Speaker 2: pushed and pushed and have made it happen for myself.
Speaker 4: I adore that. It's the tiny little things along the
Speaker 4: way that end up not being tiny and little, like
Speaker 4: selling Cabri chocolates and teaching you that you can run
Speaker 4: your own little business and it doesn't have to be
Speaker 4: complicated and you can raise funds in a way that
Speaker 4: makes sense. And then from there you're like, well it's
Speaker 4: not that hard, Like I could definitely, you know, do
Speaker 4: some music tutoring and charge some money from that, and
Speaker 4: it just starts to grow. It's like these tiny little
Speaker 4: seeds and I love it.
Speaker 2: I love it.
Speaker 4: I feel like you're in this position where if I said, hey, money, dires,
Speaker 4: can we check back in in you know, a year
Speaker 4: or two years, you could be like, yeah, so I'm
Speaker 4: earning one fifty. Like it's just going to grow from
Speaker 4: here on in, especially as your reputation increases as a
Speaker 4: freelance designer.
Speaker 3: Right.
Speaker 2: Yeah, it's actually insane because I don't have to market
Speaker 2: myself anymore. For example, I just finished with a client
Speaker 2: last week and already an old client has come back
Speaker 2: ready to do their next range with me. So people
Speaker 2: are constantly coming back.
Speaker 4: I love that. So tell me what does a freelance
Speaker 4: designer do, because that sounds cool. Are you going in
Speaker 4: and helping clients create ranges for their businesses or like
Speaker 4: I need to know it sounds so fun.
Speaker 2: Yeah, so a brand or an individual. Usually it's individuals
Speaker 2: who have other jobs. Maybe they're a stay at home mom,
Speaker 2: or they work in accounting and they just need a
Speaker 2: creative output. They come to me and they say, hey,
Speaker 2: I'm wanting to start up a brand, or I'm wanting
Speaker 2: to develop a range or come out with a product,
Speaker 2: and I work with them on developing that product. I
Speaker 2: then do the technical documents so that it can be
Speaker 2: sent to a factory to produce it. I also do
Speaker 2: logo design and print design and all the graphics for
Speaker 2: their brand, and then I send them on their way
Speaker 2: and they can go and produce it.
Speaker 4: What and you get paid to do the good bit
Speaker 4: of business and then hey, guys, you run it. I
Speaker 4: don't want to do the accounting. I don't want to
Speaker 4: have a thing to do with your accounting software or
Speaker 4: like the clients or the issues. Like have fun, bye,
Speaker 4: and then you get to go do it again.
Speaker 2: Yeah, and every project is different.
Speaker 4: You are a genius. I love this. That sounds so fun.
Speaker 2: Yeah, it is fun. And I've done so many different things.
Speaker 2: I feel like my scope of work has changed from
Speaker 2: if I had just gone and worked with a singular brand.
Speaker 2: I've done dog apparel, swimwear, active, where, men's wear, bridle, everything, like,
Speaker 2: so many different areas.
Speaker 4: I'm gonna snoop you later. No one else can do that,
Speaker 4: but I get to you. I'm going to snoop you later.
Speaker 4: I cannot wait to see more about this, because I
Speaker 4: didn't even know that was a thing, Like I just
Speaker 4: assumed that. You know, if you were starting a dog
Speaker 4: apparel business, right, you would have to be the designer
Speaker 4: and create these products and you wouldn't really have the support.
Speaker 4: But then that's your literal job.
Speaker 2: Yeah, and a lot of the time. The people that
Speaker 2: are starting these brands are more analytical. They want to
Speaker 2: do the business and the selling and the marketing. They
Speaker 2: don't want to do the design and the construction and
Speaker 2: chat with the manufacturers. So I'm able to just slot
Speaker 2: in and assist where I'm needed.
Speaker 4: Oh, I love that. I want to make a product
Speaker 4: based business now, so we will have to talk. I
Speaker 4: have no idea what I want to do, how I
Speaker 4: want to do it, but that just sounds so fun.
Speaker 4: Like oh, and even getting to collaborate with people over
Speaker 4: exciting ideas of something new starting. It's like when I'm
Speaker 4: sitting down to write like a new course or something,
Speaker 4: I'm just so high on life because I'm like, oh
Speaker 4: my god, Like we get to create this brand new
Speaker 4: product and it's all of those dreams and wishes at
Speaker 4: the start.
Speaker 2: Yeah, it is a lot of fun.
Speaker 4: So tell me money, Darist, what are your big money goals?
Speaker 4: What are you currently working towards.
Speaker 2: I am working towards owning ten investment properties.
Speaker 4: Okay, where does that come from? Why?
Speaker 2: Ten? I just think ten is a nice number, and
Speaker 2: I just think like it's just out of reach. But
Speaker 2: I've already kind of started snowballing, and I think I'll
Speaker 2: be able to get there. You're already twenty percent of
Speaker 2: the way there, Yeah, which is kind of crazy to think.
Speaker 4: It's actually insane, like you're twenty percent of the way
Speaker 4: there and then the next one will be thirty, Like
Speaker 4: it actually starts to snowball. Why property? Why not the
Speaker 4: share market? Why not you know, building business that you
Speaker 4: can sell, given you're actually very good at that. What
Speaker 4: about property is so sticky for you?
Speaker 2: Well? I never actually thought that I was going to
Speaker 2: go into property. My parents didn't have investment properties. They
Speaker 2: owned the house that we live in, but there was
Speaker 2: nothing externally. No one I really knew had like multiple properties.
Speaker 2: And I was on Instagram. I was scrolling and I
Speaker 2: saw the fire's egin and he was a twenty something
Speaker 2: year old who had six properties, And I thought, what,
Speaker 2: how can this twenty year old have six properties when
Speaker 2: I'm also a twenty year old? Like what makes him
Speaker 2: so special? And I had a chat to him and
Speaker 2: he had talked to me about his strategy positively gearing,
Speaker 2: negatively gearing. What even is strata? Like I live at
Speaker 2: home with my parents, I'm so fortunate that I don't
Speaker 2: have to pay rent. I've never had to pay any
Speaker 2: of these things, and I wanted to learn more about it.
Speaker 2: So I started reading. I read a few books, and
Speaker 2: I just realized, I think this is the asset for me.
Speaker 2: Also knowing that if something happens and I need to
Speaker 2: go live somewhere, or if I decide to move to
Speaker 2: a different state, I can do that. I have that
Speaker 2: freedom and that flexibility.
Speaker 4: Yeah, I love that, And I feel like that's you've
Speaker 4: nailed it right, Like you've nailed it in terms of
Speaker 4: you've worked out that that's the asset class for you
Speaker 4: that works the best. Because at the end of the day,
Speaker 4: I think so many people want to look at a
Speaker 4: spreadsheet and go, oh, V what asset class returns the most.
Speaker 4: And if we compare the four main asset classes in Australia, cash,
Speaker 4: fixed interest, property, and the share market, the share market
Speaker 4: returns the highest on average, right, But that doesn't mean
Speaker 4: it's the right asset class for everybody. That just means
Speaker 4: that on paper, it returns the most. Whereas you sound
Speaker 4: passionate about property, you're driven. You're motivated, Like you can't
Speaker 4: pay someone to be passionate and motivated and driven about
Speaker 4: the share market, whereas when it's property and if that's
Speaker 4: the right asset class for you, you're going to go no, no,
Speaker 4: no v. I'm so motivated to get to my next
Speaker 4: investment property, Whereas if I said, oh, are you keen
Speaker 4: to get another fifty grand into the share market, you
Speaker 4: might go not really, like that's not for me. So
Speaker 4: you just don't have the same commitment.
Speaker 2: Yeah, definitely. And I think another thing that is pulling
Speaker 2: me towards the property market is when I wanted to
Speaker 2: go self employed, my dad listed off a bunch of
Speaker 2: things that I wouldn't be able to do. One of
Speaker 2: them was, you'll never be able to own a hope.
Speaker 4: Okay, Dad, I don't know where you're getting your information from,
Speaker 4: but I would like to show you my two investment properties.
Speaker 2: It's so good because I say to him, oh, really,
Speaker 2: I'm looking for my next one. He's like, yeah, good,
Speaker 2: keep proving me wrong, keep showing me that you can do.
Speaker 4: That's the dad's strategy.
Speaker 2: Yeah, and so like Well, at first too, I was
Speaker 2: actually told that I couldn't borrow money from a broker.
Speaker 2: So a few years ago I had seventy grand saved
Speaker 2: and I went to a broker that my dad recommended,
Speaker 2: and he said, come back to me in four months
Speaker 2: at the end of the next financial year. Because my
Speaker 2: previous financial year I had just done thirty grand and
Speaker 2: it was coming to the end of the next one.
Speaker 2: So I had a four months and I saved and
Speaker 2: I saved and I saved, and I ended up having
Speaker 2: one hundred grand in savings and my second tax return
Speaker 2: of seventy grand. And I just thought, like, I'm ready.
Speaker 2: I'm going to get a place who has this amount
Speaker 2: of money saved.
Speaker 4: At twenty three twenty four b for real, I know.
Speaker 2: And so I had a chat to him and he
Speaker 2: just said, look, I am so sorry you haven't earned
Speaker 2: enough in the last financial year. Just keep saving. Come
Speaker 2: back to me at the end of the next financial
Speaker 2: year when your income has gone up.
Speaker 4: No, you find a broker who's going to find a
Speaker 4: bank or financial institution that will accept twelve months instead
Speaker 4: of twenty four months of financials. As you probably know
Speaker 4: this is my space. Like, you find a bank that
Speaker 4: you know, the interest rate might be slightly different because
Speaker 4: there's different levels of risk taking on someone who's self employed.
Speaker 4: But like we've gotten loans for people who have only
Speaker 4: just started their businesses and are twelve month in Like,
Speaker 4: it's not about yeah anyway, I've just got a lot
Speaker 4: to say about that, because so many times we get
Speaker 4: clients who have been told no, and the reality is
Speaker 4: the broker didn't want to dive too deep into the
Speaker 4: reality of other options.
Speaker 2: Yeah, and I mean me starting out, I just thought, like, really,
Speaker 2: are you serious? I didn't understand that he was using
Speaker 2: two years of like two tax returns.
Speaker 4: Well, why would you. It's not your space. It's literally
Speaker 4: not your space. And that's why you're meant to go
Speaker 4: to a good broker so that you just trust what
Speaker 4: they're saying, because like, you shouldn't have to question it.
Speaker 4: You shouldn't have to be doing a heap of your
Speaker 4: research on your own. What should happen is your broker
Speaker 4: should put everything on the table and explain why all
Speaker 4: of these options exist so that you go, oh, sick,
Speaker 4: like that makes the most sense to me. Otherwise, why
Speaker 4: aren't you doing it yourself?
Speaker 2: Exactly? So, I was feeling super disheartened, and I dropped
Speaker 2: a few swear words. I was not happy. I would
Speaker 2: have too, don't worry, because I thought I was ready
Speaker 2: to go.
Speaker 4: You had one hundred grand be for real.
Speaker 2: Yeah. And I was doing work for this client who
Speaker 2: actually was a broker at the time, and I sent
Speaker 2: her a message and I said, I know that this
Speaker 2: is a bit off topic from your designs, but you know,
Speaker 2: I just spoke to a broker. He said that I couldn't.
Speaker 2: Are you able to check my borrowing capacity? I sent
Speaker 2: her all my details and within a few hours she
Speaker 2: called me and she was like, oh my goodness, you
Speaker 2: can borrow up to seven hundred and fifty thousand dollars.
Speaker 4: And You're like, look, I felt that deep in my bones,
Speaker 4: like I knew that that was meant to be for me,
Speaker 4: but someone had been saying no.
Speaker 2: Yeah. And I was so happy because I already had
Speaker 2: a buyer's agent under my belt. I now had a
Speaker 2: broker ready to go. I just needed to find the
Speaker 2: right property. And in November of twenty twenty three, I
Speaker 2: purchased my first investment property.
Speaker 4: Oh my gosh, that's so recent. That's literally eleven months
Speaker 4: of ooh.
Speaker 2: I know, not even a full year. It's actually crazy.
Speaker 2: So I purchase a two bed, one bath, one car
Speaker 2: apartment in Perth, and I purchased it for three hundred
Speaker 2: and twenty thousand dollars and I had a deposit of
Speaker 2: seventy five thousand, and it is positively good.
Speaker 4: That is such a money win. Let's go to a
Speaker 4: really quick break on the flip side. I want to
Speaker 4: dive into the properties that you own, your property strategy,
Speaker 4: and how you knew that property was the right one
Speaker 4: for you to purchase. Guys, don't go anywhere, all right,
Speaker 4: money direst We are back and we are starting to
Speaker 4: talk about your investments. So before you told us about
Speaker 4: your first house, can you just quickly recap your first
Speaker 4: property and then let's talk about your second.
Speaker 2: Yes. So my first property is in Perth. It is
Speaker 2: a two bedroom, one bath, one car apartment and I
Speaker 2: purchased it in November of twenty twenty three. I paid
Speaker 2: three hundred and twenty thousand dollars to purchase it. My
Speaker 2: deposit was seventy five thousand, mortgage repayments about four twenty
Speaker 2: a week, and my rent is five point forty making
Speaker 2: it positively gear.
Speaker 4: Tell me more, how did you find that property and
Speaker 4: how did you go This is for me like, this
Speaker 4: is the right deal, Like I should absolutely be purchasing
Speaker 4: this property because you don't live in perse like that
Speaker 4: could be really scary buying literally on the other side
Speaker 4: of the country when you live on the East coast.
Speaker 2: Yeah, it was kind of scary. And I spoke to
Speaker 2: my bias agent and I said, should we go over
Speaker 2: and check it out? And he was like, no, you
Speaker 2: do not need to go. It's okay, Like we're getting
Speaker 2: building and pess inspections and you'll have like a lot
Speaker 2: of information sent your way regardless. I like that.
Speaker 4: He was like, nah, you're fine, You're fine. Yeah, that
Speaker 4: would give me anxiety, Like I need to see it.
Speaker 2: I know. I wanted to see it. I wanted to
Speaker 2: be there, but he had done it so many times,
Speaker 2: and I thought, just trust the process, Like people come
Speaker 2: to me who need my help my specialty, and I'm
Speaker 2: going to him because I need his specialty. So I'm
Speaker 2: just gonna let him guide the way. But yeah, So
Speaker 2: we found the six in the complex and I purchased
Speaker 2: number six, but number five was currently up for sale
Speaker 2: and I saw it. It didn't have any photos, and
Speaker 2: I looked it up online and I looked at the
Speaker 2: exterior of the building. I looked at number one, two, three, four,
Speaker 2: because I had also all just been sold so I
Speaker 2: was having a look at all of them. Another's buyer's
Speaker 2: agent was actually purchasing them all for their clients, and
Speaker 2: that's kind of what happened. But number six hadn't been
Speaker 2: put on the market yet, and I didn't know this.
Speaker 2: I spoke to my buyer's agent and.
Speaker 4: You're like, hello, that sounds really interesting.
Speaker 2: Yeah. He's like, is there any others available? And he said, look,
Speaker 2: number six is about to go. Somebody's already negotiated the
Speaker 2: price down, but they don't have a buyer, so if
Speaker 2: you want it, you can take it. And it was
Speaker 2: below market value. Market value at the time was about
Speaker 2: three sixty and I ended up purchasing it for three twenty.
Speaker 4: What the hell?
Speaker 2: That is actually elite, I know, and I made profits
Speaker 2: straight away.
Speaker 4: Oh my god, I am so excited for you. And
Speaker 4: this is during a time so you were purchasing in
Speaker 4: twenty twenty three, so when you're purchasing, and I want
Speaker 4: to just give people a little bit of context, because
Speaker 4: not everyone's been through that property journey, and I mean,
Speaker 4: we're all pervy, my love, like we need to know.
Speaker 4: But if you were purchasing at the end of last year,
Speaker 4: you weren't getting COVID interest rates, like you were getting
Speaker 4: high interest rates? So what were your interest rates on
Speaker 4: these properties? Because so many people over the last twelve
Speaker 4: to eighteen months like, no, don't want to buy it.
Speaker 4: Interest rates are way too high, Like that's really scary.
Speaker 4: I'm going to wait for them to come off. Why
Speaker 4: weren't you thinking like that?
Speaker 2: I was thinking it's more about time in the market
Speaker 2: rather timing the market.
Speaker 4: Oh you are as she's on the money dream story.
Speaker 2: I just wanted to drop that. I've been listening for
Speaker 2: a little bit.
Speaker 4: No, I love that. But what were your interest rates?
Speaker 4: And did you go, oh, is this a good or
Speaker 4: a bad idea? Are you fixed or variable? What does
Speaker 4: that look like?
Speaker 2: So I'm variable and my interest rate when I started
Speaker 2: was six point four or five and it has gone
Speaker 2: up to six point six. And I'm not too stressed
Speaker 2: about the interest rate because the yield is so hi.
Speaker 2: My property has a yield of about eight point eight percent. Yeah,
Speaker 2: what I know. I'm so fortunate. And it's because we
Speaker 2: purchased the property before the market was peaking, and then
Speaker 2: the rent has obviously skyrocketed. In Perth, I could charge
Speaker 2: a lot more from rent, but I don't want to
Speaker 2: do that to the tenants. I would rather have tenants
Speaker 2: that value the property and look after it rather than
Speaker 2: charging them everything that they've got.
Speaker 4: Yeah, you're an icon and that's a really sustainable model.
Speaker 4: Like a lot of people will be listening to this
Speaker 4: and they're like that so greedy. I can't believe you'd
Speaker 4: buy property and you know, hoard it. There's a whole
Speaker 4: heap of conversation to be had around this, and I
Speaker 4: just I would actually like to see more ethical landlords
Speaker 4: because in our current economy, in the Australian economy moving forward,
Speaker 4: there is not going to be a situation where people
Speaker 4: are not renting, like people need to rent at the
Speaker 4: end of the day. And I would much prefer ethical
Speaker 4: landlords like you, who are like I would prefer to
Speaker 4: buy the house. I'm getting great rental yield. This property
Speaker 4: is helping me, but also the people that live there
Speaker 4: are valued and they aren't getting charged extortion at rent.
Speaker 4: And I think that that's where we need to sit.
Speaker 4: And even if you have ten properties, that's ten families
Speaker 4: that you could be helping by not taking the mickey.
Speaker 2: Yeah, that's what I always think because I've had this
Speaker 2: conversation with friends and family, and I know that the
Speaker 2: government doesn't have enough housing for everyone, and who houses
Speaker 2: majority of the renters. It's individual landlords like myself, and
Speaker 2: we're giving people a place to stay. Plus when something's
Speaker 2: broken or something isn't right and my tenant says it immediately,
Speaker 2: I get it fixed.
Speaker 4: Yeah, you're a good landlord. Not everyone is the same
Speaker 4: as you, though. Some people are insanely greedy and don't
Speaker 4: want to do that, And I think that there needs
Speaker 4: to be a balance, like if this is going to
Speaker 4: be part of your wealth creation strategy, like how do
Speaker 4: we do good and be good along the way. There's
Speaker 4: been a lot of conversation. You've probably seen it in
Speaker 4: the She's on the many community. It's not evolving me,
Speaker 4: but I do let them have their time to, you know,
Speaker 4: share their opinions. But at the end of the day,
Speaker 4: like we need rental properties on the rental market, and
Speaker 4: they're only going to go on the rental market if
Speaker 4: they are bought as investment properties.
Speaker 2: Yeah, exactly. So I'm really fortunate that I've worked hard
Speaker 2: enough to be able to assist these people in where
Speaker 2: they're able to live. I know, like when I was
Speaker 2: looking for a place in Perth to purchase. I was
Speaker 2: talking to a few agents and they said that people
Speaker 2: are living in their cars and these are not just
Speaker 2: like anyone like doctors and lawyers and people that are
Speaker 2: having these high paying jobs. They're still struggling to find
Speaker 2: a place to live. There's not enough housing.
Speaker 4: Yeah, one hundred percent. And you buying more investment properties
Speaker 4: is not going to stop that problem, but it is
Speaker 4: going to open it up, because if we're all just
Speaker 4: waiting for first home buyers to purchase their first homes
Speaker 4: and then move into them, that's actually not helping us
Speaker 4: wear a housing crisis.
Speaker 2: Yeah. On a lighter note, I was then able to
Speaker 2: use the equity from that first property to help me
Speaker 2: purchase the second one in June of twenty twenty four.
Speaker 4: Oh my god, So tell me about this second one.
Speaker 4: And you used some equity. How did you use equity
Speaker 4: and what did that process look like?
Speaker 2: It was quite seamless for me because I didn't do
Speaker 2: any of the money side of it. Yep.
Speaker 4: Your broker was a legend.
Speaker 2: Yes, she was a legend, and she pulled money out
Speaker 2: of my first property to then put it into the next.
Speaker 2: So we pulled out thirty four thousand dollars worth of
Speaker 2: equity because the property had gone up and we didn't
Speaker 2: want my first property to go into Elmi territory.
Speaker 4: Yeap, No, that makes sense. And so did you have
Speaker 4: to cough up any cash at all for that purchase?
Speaker 2: Yeah? I had twenty grand already to go, So I
Speaker 2: paid twenty grand of my own plus thirty four thousand
Speaker 2: dollars of equity.
Speaker 4: That's really cool though.
Speaker 2: Yeah, I was in Elmi for that. I think I
Speaker 2: had eighteen percent or just under the twenty percent deposit.
Speaker 2: But with the higher interest rate, it still became beneficial
Speaker 2: for me because my yield was so high.
Speaker 4: I love that. Tell me about how much debt you
Speaker 4: have now?
Speaker 2: So I have two hundred and eighty four thousand dollars
Speaker 2: my first property in debt. My second property is two
Speaker 2: hundred and fifty four thousand dollars, and I have a
Speaker 2: hex's debt. It was originally sixty thousand, six hundred, but
Speaker 2: I've windled it down to thirty seven eight hundred.
Speaker 4: Wow, that is so cool.
Speaker 2: Yeah, I'm not stressed about the debt because it's still
Speaker 2: you know, my hex will go like slowly. It hasn't
Speaker 2: stopped me from borrowing, and my two properties they're paying
Speaker 2: themselves off. Yeah.
Speaker 4: So you said the property you purchased in November twenty
Speaker 4: twenty three, you are paying on your mortgage about four
Speaker 4: hundred and fifty dollars a week, but you're getting five
Speaker 4: hundred dollars a week in rent. Is that the same
Speaker 4: for the second property.
Speaker 2: Yeah? So I'm paying four hundred and twenty for the
Speaker 2: second property and I'm getting five hundred and fifty dollars.
Speaker 4: Well, that's an even better deal. What's the rental yield
Speaker 4: on that?
Speaker 2: That's also eight point eight percent?
Speaker 4: Oh my gosh. I am, honest to God, so proud
Speaker 4: of you. You were a little hustler.
Speaker 2: Yeah, And to be honest, I wasn't even looking for
Speaker 2: a second property. Well, I was looking for a second property,
Speaker 2: but I didn't want to get it in Perth. Yeah,
Speaker 2: I was being in Brisbane or Gold Coast.
Speaker 4: You want some diversity.
Speaker 2: Yeah, I wanted to change it up. I know that, like,
Speaker 2: if I just stuck with the one market, it could crash.
Speaker 2: And that's all my assets there. I wanted to spread
Speaker 2: them out. But my buyer's agent contacted me because somebody
Speaker 2: had just pulled out of this property. The second one
Speaker 2: I got.
Speaker 4: Yeah, no, I'll snap it up at eight point eight
Speaker 4: percent yield, Like I would have said yes before he'd
Speaker 4: even finished the conversation.
Speaker 2: Yeah, it was a no brain. I was like, get
Speaker 2: me in, I will take it. Yes, please, I will
Speaker 2: sign now.
Speaker 4: I love that, but I love that a long this journey,
Speaker 4: A lot of it has to do with your good
Speaker 4: savings ability, because you couldn't have seized that opportunity if
Speaker 4: you didn't have that additional twenty thousand dollars in cash
Speaker 4: sitting to the side. So it's not as though you
Speaker 4: can just be super passive about property along the way,
Speaker 4: like and just go, oh, well, I got into my
Speaker 4: first and I'm going to wait until there's equity for
Speaker 4: the second, like you could, but it'll take a lot longer.
Speaker 4: But you've been saving along the side, which meant that
Speaker 4: when he said, oh, on's just been put to the side,
Speaker 4: You're like, yeah, noorries, I'll take that, thank you. Like
Speaker 4: what a way to seize an opportunity, I know.
Speaker 2: And because I had that cash, I was able to
Speaker 2: get in the market sooner. And my broker has done
Speaker 2: a valuation on both of my properties and I'm now
Speaker 2: able to put one hundred and twenty one thousand dollars
Speaker 2: out of both properties to put towards my next three All.
Speaker 4: Right, tell me about that. What's the strategy, what's the plan,
Speaker 4: what are we doing moving forward?
Speaker 2: So the plan is to purchase in high growth areas
Speaker 2: that also have a reasonable yield that cover all, if
Speaker 2: not majority, of my repayments, so that my overall portfolio
Speaker 2: is positive. I'd rather overall positive. I can have a
Speaker 2: few negative properties in.
Speaker 4: There, Yeah, because those ones over time are probably I guess,
Speaker 4: wealth builders, because they're going to increase in value rather
Speaker 4: than just have good rental yield.
Speaker 2: Yeah. And the ones that can grow faster or grow slower,
Speaker 2: but larger amounts of equity for me than means I
Speaker 2: can then go and purchase more properties down the track
Speaker 2: without using cash that I've had to save.
Speaker 4: Oh my gosh. And is your broker just on your
Speaker 4: team to make sure that this is always being checked
Speaker 4: in on, always having your interest rates reviewed, and like
Speaker 4: knowing at what point you can purchase again.
Speaker 2: Yeah, she's fantastic. We even had a big phone call.
Speaker 2: I said, I want to get ten and I don't
Speaker 2: want to stop, like I don't want to be unable
Speaker 2: to service these loans. So we've set up a company
Speaker 2: and a discretionary trust to purchase my future properties under.
Speaker 4: I Connie, I was about to say, so, how is
Speaker 4: this structured in the background, Like, have you seen an
Speaker 4: accountant to make sure that you know that cash flow
Speaker 4: is going through your property portfolio?
Speaker 2: Yeah, so it's all been set up, which is fantastic.
Speaker 4: I'm obseested.
Speaker 2: So I now own a company and a trust, which
Speaker 2: is just crazy because I feel like this stuff just
Speaker 2: goes over my head a little bit. But I'm so
Speaker 2: fortunate to have the best team who's able to explain
Speaker 2: everything and make sure all the eyes are dotted and
Speaker 2: all the teas across.
Speaker 4: Yeah, adoor adore, I'm so obsessed with this. For you, congratulations. Literally,
Speaker 4: that is honestly so impressive. Tell me what can we
Speaker 4: learn from you? What's your best money habit?
Speaker 2: Well? I never buy anything full price, like that is
Speaker 2: just not something that happens. I look on Facebook, Marketplace, eBay,
Speaker 2: op shops sales like I go to the gym and
Speaker 2: I go to one of those major gyms and they
Speaker 2: always have sales, but I don't want to pay the price. Like,
Speaker 2: my gym membership is usually thirty two dollars a week,
Speaker 2: which for me, I think like, yeah, okay, but it's
Speaker 2: a little on the higher end.
Speaker 4: An investment in your health. But I get it.
Speaker 2: So I called around, because they're all individually owned, I'd
Speaker 2: call around and say, hey, like, what's the best price
Speaker 2: you can do? Okay, I'd get that price, go to
Speaker 2: the next one. Hey, so and so can do this price?
Speaker 2: What can you do? And I ended up getting my
Speaker 2: membership down.
Speaker 4: You're a legit hustler. I love it.
Speaker 2: I just love a deal. I love a good deal.
Speaker 2: But I got my gym membership down to nineteen dollars
Speaker 2: a week.
Speaker 4: Oh my god, don't ask. Don't get though, Yeah, you're
Speaker 4: saving cash, like, and if you don't ask, the answer
Speaker 4: is immediately no. And if you ask, like no, one's
Speaker 4: going to judge you because usually the people that you're
Speaker 4: talking to are just like you, and they're like, oh,
Speaker 4: this girl's savvy.
Speaker 2: But they even go wow, like I appreciate what you're doing,
Speaker 2: Like you're smart, you're trying to beat the system.
Speaker 4: Yeah, I see what you're doing. I respect it. Here
Speaker 4: you go nineteen bucks a week money ween?
Speaker 2: Yeah, exactly. So that's probably my best one, you know,
Speaker 2: always asking, always trying to get the best deal, negotiating.
Speaker 4: I love that. Tell me, though, are you bout at anything?
Speaker 4: What's your worst money habit? I have two.
Speaker 2: My first one is that I have become a willing
Speaker 2: victim of lifestyle creep. Yeah. And I'm enjoying getting my
Speaker 2: nails done and you know, having a personal trainer and
Speaker 2: going out for more dinners. And I know I could
Speaker 2: be spending my money better to reach my goals, Like
Speaker 2: my goals are big goals, and I know I need
Speaker 2: to put a lot of money aside. And because I've
Speaker 2: now earned over one hundred thousand dollars, everything's just like
Speaker 2: I'm not saving as much and I need to pair
Speaker 2: it back and pretend that I only have seventy thousand
Speaker 2: and dollars of income to save more.
Speaker 4: Yeah, that's fair, that's fair, And I do you know what?
Speaker 4: I feel like? That's so common in the first few
Speaker 4: years as a small business owner, when you start to
Speaker 4: earn more and have a little bit more financial freedom,
Speaker 4: you really utilize that and then give it another twelve
Speaker 4: months and you'll be like, nah, I'm going to crack
Speaker 4: down again. Because like, you know, I'm not achieving the
Speaker 4: big goals as fast as I want to.
Speaker 2: Yeah, exactly. I mean, like, do I really need hot
Speaker 2: pink nails every week? Probably not?
Speaker 4: Oh sorry, wrong answer for me. Whoops, whoops.
Speaker 2: Maybe I could paint them myself, Okay.
Speaker 4: Like I do do that, and I really enjoy it,
Speaker 4: Like I always do my own nails at home, and
Speaker 4: it's kind of become like a little bit cathartic, like
Speaker 4: I have a fun time doing it, but that's over time,
Speaker 4: Like I used to be the girlie that got ownail's
Speaker 4: done all the time. In saying that I can't do
Speaker 4: my own lashes myself, and like that's something I'm not
Speaker 4: willing to give up. So I think that there needs
Speaker 4: to be some level of balance of enjoying the now
Speaker 4: but also creating wealth into the future. And I think
Speaker 4: that it's I'm just never going to be one of
Speaker 4: those financial independents rot early girlies, that's okay.
Speaker 2: I think I will also love the luxuries of life
Speaker 2: a little bit too much too.
Speaker 4: I don't think there's any shame in that. I think
Speaker 4: it's just like, no, this is how I like allocating
Speaker 4: my money, and I'm very aware of my values exactly.
Speaker 2: But my second worst habit would be, like I feel
Speaker 2: like I need to buy things because they are such
Speaker 2: a good deal. When I see a deal, I can't
Speaker 2: walk away. I was at an op shop and I
Speaker 2: saw the ugliest dress. It's so ugly. It was a
Speaker 2: deer only dress with boning in this weird greeny blue
Speaker 2: color with pleating, and it looked terrible on me. But
Speaker 2: it had brand new tags on for seven hundred and
Speaker 2: fifty dollars and I bought it for fifteen So how
Speaker 2: could I not?
Speaker 4: Okay? Well, but also if it looks terrible on you,
Speaker 4: like you could sell that like for fifteen bucks, like
Speaker 4: you're going to get fifty at least, Like you know
Speaker 4: what I mean, Like you're a hustler. What are you
Speaker 4: doing with the dress?
Speaker 2: Low?
Speaker 4: Have you just put it in your wardrobe?
Speaker 2: Yeah, it's just sitting here.
Speaker 4: Are you going to sell it? You're going to wear it?
Speaker 4: Like if it doesn't look good on you, get rid
Speaker 4: of that.
Speaker 2: Yeah, I know I need to do something, But the
Speaker 2: thing is, I have so many of those things, like
Speaker 2: they all just accumulate. I need to go to in
Speaker 2: set up like a market store.
Speaker 4: No, you don't you need to just become a deepop girlie. Yes,
Speaker 4: take a photo of it, chuck it online. If it sells,
Speaker 4: go back to your wardrobe, pull it out, pop it
Speaker 4: in a post pac send it off so easy. Yes exactly,
Speaker 4: Jess from She's on the money, She's a deep pop queen.
Speaker 4: But I feel like it just does the hard work
Speaker 4: for you, Like in a market stall. I feel like
Speaker 4: they're fun, but like that's a lot of work, whereas
Speaker 4: snap a picture of you in the dress, pop it
Speaker 4: online and when it.
Speaker 2: Sells, it sells so good. I should give that a go.
Speaker 4: I want to hear about it. Money, Dirice, this has
Speaker 4: been elite, Like I am obsessed with your money story.
Speaker 4: You said though that you're a solid b. But even
Speaker 4: your like quote worst money habits are things that you
Speaker 4: were like, no, no, no, it's like not something that
Speaker 4: I want to change, like you know, quote worst habit,
Speaker 4: but also like best outcome for me. I'm enjoying life
Speaker 4: and really happy with the way I'm spending money. You're
Speaker 4: self employed, you have two positively geared, and you're going
Speaker 4: to buy ten. Literally you said earlier that you have
Speaker 4: one hundred and twenty one thousand dollars worth of equity
Speaker 4: that you can use literally today to get you into
Speaker 4: your next three properties. Do you think that sounds like
Speaker 4: someone who's just to.
Speaker 2: Be I think, knowing my money mindset of me being
Speaker 2: so money hungry and constantly working, I have a hard
Speaker 2: time of having a break and giving myself that like
Speaker 2: a six day or a float, like I will always
Speaker 2: work because I am self employed. So I don't think
Speaker 2: I'm at a level yet maybe a B plus. I
Speaker 2: will upgrade myself too, but there's always room to grow,
Speaker 2: and I think I won't be at an A until
Speaker 2: I get further along my goal.
Speaker 4: Yeah that's fair, that's fair. And I mean, if we
Speaker 4: look at your goal pragmatically, you're twenty percent of the
Speaker 4: way there.
Speaker 2: I know, crazy, Yeah, but that's cool.
Speaker 4: That's twenty percent you didn't have before twenty twenty three. Like,
Speaker 4: that is very cool. I'm so excited about this, and
Speaker 4: I am hoping that at some stage you're willing to
Speaker 4: do an updated money diary, because we need to know
Speaker 4: where you have gone and what this looks like. But
Speaker 4: till then, money Dorist, we have run out of time.
Speaker 4: So it has been a pleasure. I have loved this.
Speaker 4: This is so fun. I felt so motivated to, you know,
Speaker 4: make sure that we are all finding our own journey.
Speaker 4: I loved what you said early on in the episode
Speaker 4: was that you looked into property and picked the right
Speaker 4: asset class for you. And whether people pick property or
Speaker 4: shares or fixed interest or cash like, I don't mind,
Speaker 4: but I love that you deep dove into working out
Speaker 4: what worked for you and now you're going for it
Speaker 4: like it's just so cool. I'm so proud of you.
Speaker 4: Thank you of course, Oh my gosh, well, thank you
Speaker 4: for being on the show. It has been an absolute pleasure.
Speaker 2: Thank you so much for having me, and I love
Speaker 2: your podcast.
Speaker 4: Thank you now you're on it crazy.
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