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MONEY DIARIES: A Single Mother Of 3 Moving Into An Abundance Mindset · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
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Speaker 3: She's on the Money, She's on the Money.
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Speaker 4: Hello, and welcome to She's on the Money, the podcast
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Speaker 4: for millennials who want financial freedom. Welcome back to another
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Speaker 4: shot back Money Diary Monday, where we talked to one
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Speaker 4: about beautiful community members to lot about them, their money,
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Speaker 4: their finances, their story and just about everything in between.
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Speaker 2: Victoria Jessica, I've got a good one. Oh kay every week?
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Speaker 2: Oh I suck at these.
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Speaker 5: You know what, we wouldn't have got jobs as what copywriters?
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Speaker 4: No, that's what we have.
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Speaker 2: Georgia King. Yeah, yeah, we've got Georgia King. We'll keep
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Speaker 2: her on.
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Speaker 5: We love you, Georgia. All right, tell me about this diary.
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Speaker 4: So this week's direst says I came to Australia at
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Speaker 4: sixteen and became a single parent at nineteen. I continued
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Speaker 4: on my journey as a single mother now by choice,
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Speaker 4: and I have three kids, yes quick, learning to move
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Speaker 4: more from the scarcity mindset to the abundance mindset, from
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Speaker 4: single parenting payments to full time work. I'm balancing my
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Speaker 4: values with my financial goals and starting the investment journey.
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Speaker 5: Oh hello, welcome to the show. Money Diarist.
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Speaker 6: Thank you.
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Speaker 2: Tell me how old are your babies?
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Speaker 6: I have leven and my little boy is seven months.
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Speaker 2: Oh my god, how excited.
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Speaker 5: It's like you're a new mom all again.
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Speaker 6: I know I've had two girls before, so having a
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Speaker 6: boy is a whole new journey, different to everything I
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Speaker 6: thought I knew.
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Speaker 5: Oh my gosh, how sweet. I want to ask all
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Speaker 5: these questions, but that wouldn't be appropriate because this is
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Speaker 5: like it's meant to be anonymous, and I want to
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Speaker 5: be like, what's his name? How old?
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Speaker 2: Like that's not appropriate, Victoria.
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Speaker 5: So how about we just get into the structured questions
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Speaker 5: Money Diarist can we start by asking you to tell
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Speaker 5: us a little bit about your money story.
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Speaker 6: Yeah. So my money story the way it is that
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Speaker 6: I've always just viewed money as just the two and
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Speaker 6: all I needed was to have just enough to cover
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Speaker 6: all of my needs. And I thought about it and
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Speaker 6: traced it back to one conversation I had with my grandmother.
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Speaker 6: My grandmother raised me because my mom had me when
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Speaker 6: she was a teenager and was sent off to go
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Speaker 6: to school.
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Speaker 2: What a queen.
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Speaker 6: Being the curious child that I was, I asked my
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Speaker 6: grandmother point blank, tell me about your money. How much
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Speaker 6: you and what do you do with your money? And
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Speaker 6: she gave me a very simple budget. It gave me
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Speaker 6: a strict figure and just went I get four hundred.
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Speaker 6: Two hundred goes about hours. One hundred goes to paying
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Speaker 6: for furniture and stuff, and a hundred goes to paying
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Speaker 6: for food and all our transport and stuff. And what
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Speaker 6: that did is that just gave me that basic mindset
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Speaker 6: of I just need to have enough to come up
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Speaker 6: with all my needs. I didn't grow up as a
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Speaker 6: big spender. Even now I'm not a big spender. But
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Speaker 6: the other side of that is I'm not a good
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Speaker 6: saver either that part of the conversation.
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Speaker 2: That's all right.
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Speaker 5: We get what we get and we don't get upset,
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Speaker 5: all right.
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Speaker 4: I love that you can pinpoint that one specific conversation
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Speaker 4: in your childhood and remember that that was like such
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Speaker 4: a pivotal point in your money story and that really
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Speaker 4: shaped your perspective.
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Speaker 5: Now.
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Speaker 4: That's so cool that you remember it with such clarity, And.
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Speaker 2: I also love that you need the numbers. Still.
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Speaker 4: Yeah, it's really good with you.
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Speaker 6: I think about it all the time. I still remember it.
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Speaker 6: I really I need to go back to her and
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Speaker 6: tell her and ask her if she was really real.
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Speaker 6: I'm'm pretty sure it wasn't.
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Speaker 4: Hope she would be blown away that like that one small,
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Speaker 4: offhanded conversation stuck with you for so long.
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Speaker 5: But isn't that it Like, there's so many times that
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Speaker 5: you have offhanded conversations with people that you wouldn't second
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Speaker 5: guests that actually become pivotal in their yaves and in
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Speaker 5: their conversations and now in their money stories. So I
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Speaker 5: think that's a really good reminder to always just be
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Speaker 5: aware of what you're saying to people and just always
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Speaker 5: be kind, because you might just say it offhanded and
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Speaker 5: someone might take it really seriously.
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Speaker 2: Like you did money tyrosts.
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Speaker 5: You were like, well this is gospel now, isn't it
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Speaker 5: all right?
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Speaker 2: Money dires?
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Speaker 5: Next question is what do you do for work and
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Speaker 5: how much money do you earn.
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Speaker 6: I work as a lawyer in the community legal sector
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Speaker 6: and from that I get about eighty eight six hundred.
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Speaker 6: And on the other side, I work as an argent
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Speaker 6: lecture and mentor and I get seventeen hundred a month
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Speaker 6: from that.
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Speaker 5: Oh my gosh, you're hold on. So you were doing
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Speaker 5: all of this and you have three kids and a
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Speaker 5: seven month old?
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Speaker 6: Yeah?
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Speaker 5: Why, super woman, and as a single parent by choice,
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Speaker 5: Like this is a lot. You are a hustle or
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Speaker 5: I have so many questions. Jess is going to bite
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Speaker 5: my head off if I don't move on though. So
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Speaker 5: next question, what is your big money goal?
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Speaker 6: My current big money goal really is just wanting to
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Speaker 6: invest for the kids, buying couple of shares, but also
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Speaker 6: buying properties that they can use as a resource as
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Speaker 6: they grew up.
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Speaker 2: Yeah, so cool.
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Speaker 5: I feel like you have your head screwed on so well.
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Speaker 5: Next question is do you currently have any investments?
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Speaker 6: Yes, the big one being my super Yes, Yes, I
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Speaker 6: started using Rays just recently as well, so that is
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Speaker 6: and been the big things. I think I only have
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Speaker 6: about one hundred and fifty dollars, isn't it.
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Speaker 4: We all got to start somewhere though.
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Speaker 6: Yeah. I've started a self work account for my oldest daughter,
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Speaker 6: so that's sitting at about one thousand.
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Speaker 2: Oh my gosh.
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Speaker 6: The plan is to grow it up to two thousand,
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Speaker 6: and then from then on put about five hundred every
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Speaker 6: month or something like that. And then I also have
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Speaker 6: a Bricks account yeah, for myself, and that's setting at
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Speaker 6: about fifteen hundred. I only just started doing all of these.
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Speaker 4: You're doing so well for someone who's just started. That's awesome.
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Speaker 6: Thank you.
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Speaker 5: So tell me about your decision making to get those accounts,
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Speaker 5: like how did you pick Rays and how did you
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Speaker 5: pick Bricks, Like where did these come from?
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Speaker 6: I was researching about different ways to invest I think
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Speaker 6: it was about two years ago, and that's when I
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Speaker 6: came across bricks and I found it really interesting, the
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Speaker 6: whole investment structure and how it works. I spent a
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Speaker 6: couple of months just thinking about it, researching, and then
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Speaker 6: when I started it, it was just to try and
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Speaker 6: see what it's like. So I put in one thousand
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Speaker 6: dollars in there and then just watched what happens and
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Speaker 6: how it gets visited, how they run the properties, the
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Speaker 6: sort of communication they have with the people who owns
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Speaker 6: the bricks, and I was really impressed with it. So
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Speaker 6: I decided that I'm going to keep it and keep
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Speaker 6: adding small amounts in there.
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Speaker 2: Yeah, very cool.
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Speaker 6: The self worth one again, same thing, just researching different
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Speaker 6: waste invest and I wanted a platform that doesn't require
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Speaker 6: a lot of effort from myself. I don't know anything
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Speaker 6: about shares or what happens. I don't want to be
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Speaker 6: a trader. I just want it somewhere where I can
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Speaker 6: just buy the shares and someone will sort it out.
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Speaker 6: And that was recommended to me by a friend of
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Speaker 6: mine who's an accountant. She just wanted to recommend herself with.
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Speaker 6: And I started using Rais after I listened to the podcast.
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Speaker 2: Oh very seems to be on Raise. We've never even
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Speaker 2: worked with Raise.
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Speaker 5: It just seems to be an underlying product that a
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Speaker 5: lot of people in our community.
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Speaker 2: Use, so therefore we talk about a lot.
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Speaker 5: I love the idea that so many people are just
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Speaker 5: sharing this, and that's where you probably got that information
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Speaker 5: like knowledge sharing is so powerful.
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Speaker 6: It is, it is, And for me, it was an
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Speaker 6: easy switch for me because before I was using the
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Speaker 6: ing roundups and it was rounding them up into savings account.
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Speaker 6: So all I did is just turn that often is
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Speaker 6: thead round it up to the raise account. So I
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Speaker 6: haven't even noticed that.
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Speaker 2: Oh cool.
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Speaker 5: So you were already using something that was rounding up,
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Speaker 5: so you kind of already had the practice of how
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Speaker 5: it feels, and now it's being invested instead of saved.
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Speaker 2: Epic. Yeah, all right.
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Speaker 5: Next question is money, diarist. Do you have any debts?
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Speaker 5: If so, what are they.
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Speaker 6: Yeah, I've got a mortgage. I've got a house some
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Speaker 6: time last year.
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Speaker 5: So you just became a new mum and you bought
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Speaker 5: a house within the same twelve month period.
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Speaker 2: I did, what a queen.
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Speaker 6: It's actually moved when I was like liven months pregnant.
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Speaker 2: Oh my, oh my goodness.
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Speaker 6: That's crazy. And on top of that, I have mountain
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Speaker 6: of hexteat. It's even crazy to think about. And I
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Speaker 6: probably would say the car because that's on anvated lease
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Speaker 6: and as since found out that that's kind of technically alone.
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Speaker 5: Yep, tell me about your hex stet I know you're
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Speaker 5: a lawyer, so it's probably quite high in comparison to
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Speaker 5: a lot of other people's. But how do you feel
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Speaker 5: about your hex stet?
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Speaker 6: Try not to forget it. It's currently sitting at ninety
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Speaker 6: five thousand.
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Speaker 5: Oh my, well, it's just not one hundred thousand. I
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Speaker 5: mean small steps in the right direction, and of all
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Speaker 5: loans to have, that's a pretty good one, especially because
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Speaker 5: it means that you can work as a lawyer, right, true.
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Speaker 6: True, I try to think of it like that. I'll
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Speaker 6: look at it and I'm all upset. I was nine
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Speaker 6: five thousand. I don't try to say I'll pay it
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Speaker 6: off and then I'm like, oh, well, it does allow
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Speaker 6: me to be able to do what I.
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Speaker 4: Do money well spent.
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Speaker 2: It's true, It's true.
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Speaker 5: And Jess, you and I were talking about this the
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Speaker 5: other day because our community gets a little bit confused
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Speaker 5: about hextet and what it means for your property purchasing. Ernie,
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Speaker 5: but you are living proof right now that you can
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Speaker 5: buy a house and also have a very large hex step.
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Speaker 5: Did that ever get in your way when buying a property?
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Speaker 6: It didn't. I actually asked my broker about it because
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Speaker 6: I was really worried about that as well, but she
10:14
Speaker 6: said that it was all good. And I remember during
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Speaker 6: the lone application there wasn't any easy about the fact
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Speaker 6: that I had that that much debt.
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Speaker 5: Winner Winner, all right. Next question is do you use
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Speaker 5: shop back by a chance?
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Speaker 6: I do?
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Speaker 1: Now?
10:29
Speaker 2: Oh you now? Why?
10:30
Speaker 6: Now I'm missed hearing about shopback from the podcast.
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Speaker 4: Oh you're welcome, You're welcome.
10:36
Speaker 2: That's so Jessica Richie special.
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Speaker 6: That's how I get all of the baby stuff.
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Speaker 4: That is really sae because baby stuff is so expensive.
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Speaker 6: I use it for those regular expenses snappers from the
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Speaker 6: baby stuff. All our day is just click and collect.
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Speaker 4: That's really smart. That's such a good point actually, because
10:53
Speaker 4: we all wait, we all buy groceries right every week, so.
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Speaker 2: I forgot that I collect there.
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Speaker 4: Yeah, you can just go in. It also probably would
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Speaker 4: save you a lot of time, because going through the
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Speaker 4: supermarket with three little ones intel is probably a bit
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Speaker 4: of an ordeal, right, yeah, yeah.
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Speaker 6: I don't think I hardly ever go to the shelves
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Speaker 6: with the kids. It'll be it's a nightmare.
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Speaker 4: It's all right now.
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Speaker 2: But I hadn't even thought about that.
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Speaker 5: Using click and collect makes so much sense because then
11:18
Speaker 5: you're saving obviously getting to use shop back and not
11:21
Speaker 5: having to pay for delivery.
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Speaker 2: Yeah, so smart, double money when I love it all.
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Speaker 5: Right, next question money dirist is what is your best
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Speaker 5: money habit?
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Speaker 6: So my best money habit this is a funny one.
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Speaker 6: When I came to Australia, my mom taught me about
11:36
Speaker 6: used to love talking to me about I need to
11:38
Speaker 6: change my mindset about using money to you know, find
11:42
Speaker 6: joy in life because I already had this mindset set
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Speaker 6: that I just used my money for the things that
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Speaker 6: I need. I found a way to find something to
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Speaker 6: fund my luxuries and what I've been doing since back then,
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Speaker 6: since I was like eighteen and in UNI using mysty shopping.
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Speaker 6: There's a way to fund all of my legsuries.
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Speaker 4: That's clever. So your luxuries is like a whole separate thing.
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Speaker 6: Yeah, so my lexury funds is like a whole separate thing.
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Speaker 6: And it's started off at UNI with just small stuff
12:14
Speaker 6: like takeaway stuff, restaurants, clubbing and all of that. And
12:19
Speaker 6: then as I got more experience in doing mystory shopping,
12:22
Speaker 6: it was I was actually able to you know, move
12:25
Speaker 6: on to working with more high end stuff like hotels.
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Speaker 2: Flights, Oh my god, like that, Oh my god, what Yeah?
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Speaker 6: And I also used to do focused groups, so whenever
12:36
Speaker 6: I needed a couple of hundred bucks, it's just two
12:39
Speaker 6: or three focused groups. Three hundred dollars, got what you need.
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Speaker 2: That's brilliant. I love that.
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Speaker 4: I love that you've kind of allocated a whole separate
12:47
Speaker 4: stream of income to luxuries, kind of like, oh, if
12:50
Speaker 4: you want something fun, you're gonna have to find a
12:52
Speaker 4: way to earn the money for it.
12:53
Speaker 5: Also, this is so niche, but I have looked up
12:55
Speaker 5: mystery shopping before when doing some research on side hustle episodes,
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Speaker 5: and I've never actually found how you could like mystery
13:02
Speaker 5: shop flights or accommodation, Like you must have worked your
13:06
Speaker 5: way up to that very well.
13:08
Speaker 6: You actually do have to, because I remember when I
13:11
Speaker 6: first that and I was like, oh, I want to
13:12
Speaker 6: do the flights and then stuff. Now I just discovered
13:15
Speaker 6: you have to work your way up. You get to
13:17
Speaker 6: get into the position where they know you and they
13:20
Speaker 6: trust it. And it's usually those smaller mystery shop companies
13:23
Speaker 6: that do you know, fast food outlets. They will then
13:26
Speaker 6: recommend you to the people who handle the more high
13:30
Speaker 6: end stuff.
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Speaker 4: Brilliant all right.
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Speaker 5: The flip side of that, my friend, is what is
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Speaker 5: your worst money habit?
13:37
Speaker 2: I don't know if you're going to have any?
13:39
Speaker 6: Oh I do?
13:40
Speaker 2: Oh you do.
13:41
Speaker 6: I'm an emotional spender, and I also have no limit
13:47
Speaker 6: when it comes to spending on other people that I love.
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Speaker 6: I would just instantly spend two hundred dollars on my
13:53
Speaker 6: kids or my sisters without even thinking twice. I need
13:59
Speaker 6: to get a hold of myself.
14:01
Speaker 2: There, you do not.
14:02
Speaker 5: You just need to make sure it's in line with
14:04
Speaker 5: your budget and that what we are doing is you know,
14:07
Speaker 5: allocated for And if you know that about yourself, I
14:10
Speaker 5: think that that's not a bad thing at all. Next question,
14:13
Speaker 5: my friend, is also the last question of this segment.
14:15
Speaker 5: What grade would you give your money habits? If we
14:18
Speaker 5: forced you to give yourself a grade?
14:20
Speaker 6: I think i'd give myself an A.
14:21
Speaker 5: I think i'd give you an A too. I'd say
14:23
Speaker 5: an A plus, like you're doing all of the right
14:25
Speaker 5: things right, But why would you pick an A?
14:27
Speaker 6: I wouldn't say an A plus because I think I
14:29
Speaker 6: need to be a little bit more. I don't know,
14:32
Speaker 6: well focused for disciplined. I could probably do more with
14:38
Speaker 6: my money than what I'm doing. I think that's what
14:41
Speaker 6: I think in terms of my spending budget, well that
14:44
Speaker 6: I've got all that covered, but I just feel like
14:47
Speaker 6: I could do more with my money.
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Speaker 4: It sounds like you're stepping in the right direction. I'm
14:51
Speaker 4: thinking about your future and your kid's future with investing
14:53
Speaker 4: and all those sorts of things, which I can't wait
14:56
Speaker 4: to ask you more about right after we come back
14:58
Speaker 4: from this break. Alrighty, we're back money diarists, and I
15:05
Speaker 4: want to start off by asking you about something you
15:07
Speaker 4: said just before we went to that break, which was
15:09
Speaker 4: that you're an emotional spender, which I think a lot
15:12
Speaker 4: of people will be able to relate to. And I
15:14
Speaker 4: wanted to ask how do you kind of manage that?
15:17
Speaker 4: Because it sounds like you've got your budget fairly well
15:20
Speaker 4: in hand. But when you're someone who has a tendency
15:23
Speaker 4: to pull the trigger on things when you're feeling a
15:24
Speaker 4: little sad or extra happy, you know it can be
15:27
Speaker 4: hard to fight those impulses. So what do you have
15:30
Speaker 4: in place to kind of stop yourself from going so crazy?
15:34
Speaker 6: Yeah? I think my emotional spending is usually just in
15:38
Speaker 6: the idea of wanting to treat myself to a little something,
15:43
Speaker 6: and I try to manage how much money I have
15:47
Speaker 6: access to for status. The way of set up my
15:50
Speaker 6: bank accounts is that I don't really have access to
15:53
Speaker 6: a lot of money and I've never had credit cards
15:55
Speaker 6: or basically having access to money that it's not mine.
15:58
Speaker 4: And is that because you are impulsive with your money?
16:00
Speaker 6: Yeah, just to avoid any of those issues, I just
16:03
Speaker 6: don't allow myself access to money that I don't have.
16:08
Speaker 6: Or if I'm saving for a girl, I wouldn't allow
16:12
Speaker 6: myself access to that so that I don't dip into it.
16:15
Speaker 4: Yeah, that's so smart. That's really clever knowing I guess
16:18
Speaker 4: what your bad habits are and then making choices like
16:21
Speaker 4: that to avoid putting yourself in a position where you're
16:23
Speaker 4: spending money that you don't have. Is, I think, really
16:25
Speaker 4: really clever money.
16:26
Speaker 5: Diarist, you spoke about your mum having you as a
16:28
Speaker 5: teenager and being brought.
16:30
Speaker 2: Up by your grandmother.
16:31
Speaker 5: Can you tell us a little bit more about that journey, Like,
16:34
Speaker 5: obviously that's a significant ask on any grandparent, but it's
16:38
Speaker 5: actually relatively common. How do you think she managed that?
16:42
Speaker 5: How do you think she managed to still put food
16:44
Speaker 5: on the table and send you to school and look
16:46
Speaker 5: after you in the way that she did while also
16:49
Speaker 5: having already been a parent before.
16:51
Speaker 6: Yeah, it was a huge thing, and it was actually
16:53
Speaker 6: her idea. I think back in my home country, what
16:58
Speaker 6: would have I usually have ben would be if my
17:01
Speaker 6: once mom gets pregnant and has me, that's it, that's
17:04
Speaker 6: the end of it. She has to stay home and
17:06
Speaker 6: be a mom and figure out life from day. But
17:09
Speaker 6: what I found out is that my grandmother was very
17:11
Speaker 6: admant that she's not going to do that to her.
17:14
Speaker 6: So as soon as I was birthed and nursed enough,
17:19
Speaker 6: she sent her off to school. And she felt really
17:21
Speaker 6: hard to get her into school. It wasn't easy, and
17:24
Speaker 6: she just wanted her to focus on her education. And
17:28
Speaker 6: I just grew up as kind of like her last
17:31
Speaker 6: born child.
17:32
Speaker 2: Oh that's so sweet.
17:34
Speaker 4: I love that your grandma's a boss, like stick it
17:37
Speaker 4: to the system and yeah, like being like, no, I
17:39
Speaker 4: wanted to have an education, screw the traditional gender roles.
17:44
Speaker 4: I'm all about that.
17:44
Speaker 2: Personally.
17:45
Speaker 5: Tell me about your mom. What did she She went
17:48
Speaker 5: to school and then did she go on to work?
17:49
Speaker 2: Like where is she now? What's she up to?
17:51
Speaker 6: Yeah, she went to school, she studied in university and
17:54
Speaker 6: then she came to Australia to study as a physiotherapist.
18:01
Speaker 6: It was when she finished university and she started working.
18:04
Speaker 6: That's when my grandmother was like, Okay, I've done my job.
18:07
Speaker 6: You're working.
18:09
Speaker 4: Take your child back, take your child back.
18:10
Speaker 2: I have done my services here. That's freely.
18:13
Speaker 6: Yeah, it was very funny they did it. But she's
18:16
Speaker 6: still here in Australias.
18:18
Speaker 2: She lives here amazing.
18:20
Speaker 4: And you said that you were a single parent at nineteen,
18:23
Speaker 4: did your mom or your grandma then kind of pitching
18:25
Speaker 4: to help you because you then obviously would have gone
18:28
Speaker 4: off to university as well.
18:30
Speaker 6: Oh no, it was the complete opposite. When I became fragrant,
18:34
Speaker 6: but I was like, okay, well guess what, we're in
18:36
Speaker 6: a new country, with better help and resources. You're going
18:41
Speaker 6: to make sure that they I think she did have
18:43
Speaker 6: a bit of guilt about not raising me as a child,
18:46
Speaker 6: so she just always encouraged me to you can go
18:49
Speaker 6: and do what you need to do. You can study it.
18:52
Speaker 6: I'm happy to babysit, but you're going to be a
18:53
Speaker 6: part of this child's life every single day. Yeah, And
18:57
Speaker 6: that's just what I had to happen in a she
19:00
Speaker 6: was born. I was there every day and she pushed
19:04
Speaker 6: me figure out what it is that you want to do.
19:07
Speaker 6: Go to university. I changed courses like three times, but
19:10
Speaker 6: eventually found what I wanted to do.
19:12
Speaker 4: A lot of people do.
19:14
Speaker 6: Yeah. Yeah, she's supportive, but she also really encourages me,
19:19
Speaker 6: and it's really important for her that I'm just there
19:21
Speaker 6: for the kids all the time, and these days she's
19:25
Speaker 6: just the school holiday grandma every school holiday. Neighborhood too.
19:30
Speaker 4: Follow that. That's awesome when you say you changed courses
19:36
Speaker 4: three times. So did you go to university straight out
19:38
Speaker 4: of high school at eighteen nineteen when you had your
19:40
Speaker 4: child or was it a little bit later once you've
19:42
Speaker 4: kind of found that balance of being a full time mom.
19:47
Speaker 6: Both. I started my course before I got pregnant, and
19:51
Speaker 6: I had tried to do a communication cause because I
19:55
Speaker 6: loved event management, but I found the court really boring.
19:58
Speaker 2: So I left get out of that.
20:00
Speaker 6: And that's when I got pregnant. Yeah, and while I
20:03
Speaker 6: was pregnant, I tried to do a finance cause and
20:08
Speaker 6: that didn't work out because I didn't enjoy much. Then
20:10
Speaker 6: I tried to do an economics cause because if I
20:14
Speaker 6: loved economics in high school, and I think it was
20:17
Speaker 6: just probably the combination of being pregnant and also it
20:22
Speaker 6: being a refresh of what I did in high school.
20:23
Speaker 6: I didn't find that enjoyable at all. I actually ended
20:27
Speaker 6: up starting my legal courses in my law degree when
20:31
Speaker 6: she was about six months.
20:33
Speaker 4: Wow, that is a no small undertaking. Like to be
20:36
Speaker 4: perfectly frank, I couldn't study law right now with no kids,
20:39
Speaker 4: and you knowsility, let alone with a six month old
20:43
Speaker 4: baby in terms as well.
20:44
Speaker 6: I know.
20:45
Speaker 5: I actually have another question for you. In your monetary submission,
20:49
Speaker 5: you said you were a single mum by choice. What
20:51
Speaker 5: does that mean and how does that work day to
20:54
Speaker 5: day when you're clearly such an accomplished professional woman as well.
20:57
Speaker 6: Yeah, So, like I said, I started my law degree
21:00
Speaker 6: when my oldest daughter was six months and she was
21:04
Speaker 6: my law degree child. Towards the end of the degree,
21:07
Speaker 6: I just remember thinking and when I finish this degree
21:10
Speaker 6: and get into the workforce and actually give it my all.
21:13
Speaker 6: But I also didn't want her to be a longer child,
21:16
Speaker 6: and I didn't want her to have such a big
21:18
Speaker 6: age gap with her sibly, because I have a really
21:21
Speaker 6: huge age gap my brother who follows me was like
21:25
Speaker 6: sixteen years younger than me. Wow, So I've just made
21:28
Speaker 6: the decision. And that in between me finishing union, because
21:32
Speaker 6: when you're a lawyer, you have to do your degree
21:34
Speaker 6: and then you do this six months graduate diploma in
21:37
Speaker 6: order for you to be practicing. So in between me
21:40
Speaker 6: finishing my degree and me being able to actually start working,
21:43
Speaker 6: I decided to have my second child around then, So
21:47
Speaker 6: I started then working full time when she was about
21:51
Speaker 6: six seven months. And then when I decided I wanted
21:55
Speaker 6: to have a third child, I decided to do the
21:57
Speaker 6: same age gap that they have, so they have a
21:59
Speaker 6: five and a half six year age gap. So wait,
22:02
Speaker 6: didn't until she was five and a half and six
22:04
Speaker 6: to have my sign and that's gonna be my Oh.
22:07
Speaker 5: No, baby, Oh my gosh, that is so exciting. So
22:09
Speaker 5: you're a single mum by choice. Does that mean you
22:11
Speaker 5: had to go through like an expensive IVF process or
22:14
Speaker 5: what did that look like for you?
22:16
Speaker 6: I was lucky that I didn't have to do IVF,
22:18
Speaker 6: but I did have to do aud I yep, is
22:21
Speaker 6: it au d or au? I? Are you right? So
22:25
Speaker 6: just finding a sperm donor sperms and then just do
22:28
Speaker 6: artificial insemination.
22:29
Speaker 5: Yeah, and it went all smooth sailing and now you
22:32
Speaker 5: have a very beautiful seven month old baby boy.
22:36
Speaker 6: Yeah. Even with my daughter was the same, all easy,
22:40
Speaker 6: first try, got pregnant. I'm a very fatile person apparently, do.
22:45
Speaker 4: You know what?
22:46
Speaker 5: That's really nice because that process can be pretty grueling
22:49
Speaker 5: to only have to go through at once and when bam,
22:51
Speaker 5: thank you ma'am, I am pregnant.
22:53
Speaker 2: I think that's what a lot of people wish had happened.
22:56
Speaker 6: Yeah. I was concerned that I might have to try
22:59
Speaker 6: a few times and it'll end up costing a lot
23:01
Speaker 6: of money, but both of them, just one try.
23:04
Speaker 4: If you don't mind me asking how much does it
23:07
Speaker 4: cost to do something like that.
23:08
Speaker 2: I've never really looked into what do you actually look but.
23:11
Speaker 4: In my mind I just always assume it's really expensive.
23:14
Speaker 2: Yeah.
23:14
Speaker 6: Yeah, So with the artificial insamination process, it's actually not
23:19
Speaker 6: as expensive as the IVF. With my first DOT, I
23:22
Speaker 6: think I spent about two five hundred and that was
23:26
Speaker 6: just to do the basic test that they do to
23:29
Speaker 6: check your eggs and your tubes, make sure that everything
23:32
Speaker 6: is not blogged, everything's going well, and then to purchase
23:36
Speaker 6: the sperms and then to pay the doctors to do theirination.
23:42
Speaker 6: And then when I did it the second time, it
23:46
Speaker 6: was just a little bit more expensive, not too much.
23:49
Speaker 6: I did choose to skip the test that they did
23:53
Speaker 6: at the beginning because.
23:54
Speaker 5: I knew the answers already bicycles.
23:57
Speaker 6: And everything, so forget our could pinpoint when would be
24:02
Speaker 6: the right time to do it. And that costs around
24:06
Speaker 6: three close to three grand.
24:08
Speaker 5: Hey, that's not nearly as bad as what I mean,
24:10
Speaker 5: it's still a very significant outlay. But here I am
24:13
Speaker 5: thinking it would be very similar to an IVF process,
24:16
Speaker 5: which in Australia is around ten thousand dollars around, So
24:19
Speaker 5: that's I mean, arguably a much lower entry point, but
24:23
Speaker 5: still a pretty significant investment.
24:25
Speaker 6: Yeah, definitely, it just helps when you do it one try.
24:29
Speaker 6: It's just sometimes it gets really expensive because people have
24:32
Speaker 6: to go back a cup and every time you go
24:34
Speaker 6: back that's another three grand on top.
24:36
Speaker 2: Oh my gosh.
24:37
Speaker 4: So special for your kids as well, that they get
24:39
Speaker 4: to grow up knowing that you made that choice, like
24:41
Speaker 4: you really really wanted them, and you made the choice
24:43
Speaker 4: that was right for you, and you're an independent, single
24:46
Speaker 4: woman doing it for herself. You love to see it.
24:48
Speaker 5: I absolutely I'm obsessed with you. I love this. I
24:51
Speaker 5: love that you're just like no, like my grandma raised me, Like,
24:54
Speaker 5: there's so many things about your money story that you
24:57
Speaker 5: could have just I guess settled on it the way
25:00
Speaker 5: you could be like, well, that's just the way it is,
25:01
Speaker 5: Like I don't need to go to university or don't
25:03
Speaker 5: need to do this, but everybody that around you just
25:05
Speaker 5: like lifted you up and put you in you know,
25:08
Speaker 5: in good spirits. But also you've just been Yeah, as
25:11
Speaker 5: I said at the start, I feel like you're super
25:13
Speaker 5: tenacious and that's just showing I'm sure your kids are
25:16
Speaker 5: absolutely delightful as well, if there're anything like.
25:18
Speaker 6: You are, are they? It's scary because because they're a
25:24
Speaker 6: little bit like mini versions of myself, So that scares me.
25:28
Speaker 5: Yeah, that's that's the thing that really scares me about
25:31
Speaker 5: potentially having kids. One day, I'm like, oh, do you
25:33
Speaker 5: know what, I would love small versions of my partner,
25:36
Speaker 5: but small versions of me. No, thank you, Like I
25:38
Speaker 5: can't think of anything worse. It's probably a good place
25:42
Speaker 5: to leave it before Steve gets involved in this money diaries.
25:45
Speaker 5: But thank you so much for spending so much time
25:49
Speaker 5: with us. Oh my gosh, this money diary has been
25:51
Speaker 5: an absolute eye opener. Jess, do you want to wrap
25:54
Speaker 5: the boring but important stuff?
25:56
Speaker 4: Absolutely so, don't forget guys. The advice shed on Cheese
25:58
Speaker 4: on the money is generally and does not consider your
26:01
Speaker 4: individual circumstances. She's on the Money exists purely for educational
26:05
Speaker 4: purposes and should not be relied upon to make an
26:07
Speaker 4: investment or a financial decision. And we promise Victoria divine
26:11
Speaker 4: and She's on the Money are authorized representatives of Ink
26:13
Speaker 4: Focused Securities Australia Proprietary Limited ABN four seven oh nine
26:17
Speaker 4: seven seven ninety seven oh forty NINEFSL two three six
26:21
Speaker 4: five two three.
26:22
Speaker 2: See you on Wednesday, guys.
26:23
Speaker 4: Bye,