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MONEY DIARIES: No degree & a 6 figure salary · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money.
• 0:23
  Speaker 3: Hello, and welcome to She's on the Money, the podcast
• 0:26
  Speaker 3: for millennials who want financial freedom. My name is Tony Lodge,
• 0:30
  Speaker 3: and joining me for another shotback money Diary is financial
• 0:33
  Speaker 3: advisor Victoria Divine.
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  Speaker 4: Hello, my friend.
• 0:36
  Speaker 3: Hello, are you ready for another money Diary?
• 0:38
  Speaker 4: Yes, I've got a green smoothie. I'm a vision of health.
• 0:41
  Speaker 4: I am so so ready.
• 0:44
  Speaker 3: Well, that's what's important. A smoothie.
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  Speaker 4: Oh my gosh, A green smoothie makes you feel like
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  Speaker 4: you've got your life together. You're like, wow, I'm one
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  Speaker 4: of the hot Instagram girls.
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  Speaker 1: Now.
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  Speaker 3: It's like when you exercise in the morning, You're like, wow,
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  Speaker 3: I'm really better than everyone.
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  Speaker 4: Yeah, I literally am. And I went for a walk
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  Speaker 4: this morning, so like I am better than everybody else. Go,
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  Speaker 4: oh my gosh, No, that is absolutely not the case.
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  Speaker 4: In fact, I made myself cringe a little bit when
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  Speaker 4: I said that. So let's jump straight into today's money diary. Tony,
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  Speaker 4: can you read out this week's money Direst's email for me?
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  Speaker 3: All right, here we go. Hi, She's on the Money team.
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  Speaker 3: I grew up in a chaotic house with five other siblings.
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  Speaker 3: That was very unstable and often saw us in refuges
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  Speaker 3: and safe houses. Unfortunately, domestic violence and emotional abuse was
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  Speaker 3: the norm, and through that I didn't think that more
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  Speaker 3: even existed. No adults around me worked and center Link
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  Speaker 3: and having a victim mentality was the lens. I grew
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  Speaker 3: up in scarcity, where money was not abundant and that
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  Speaker 3: shops like Target were too expensive to shop at. At
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  Speaker 3: age seventeen, I was kicked out of home and worked
• 1:44
  Speaker 3: two jobs while finishing my HSC. I am now thirty one,
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  Speaker 3: have a well paid job with no UNI degree and
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  Speaker 3: two properties. I was so inspired to have more and
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  Speaker 3: be more that I decided I didn't want what was
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  Speaker 3: around me and would love to share my story.
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  Speaker 4: Oh my gosh, I love that. I'm so excited about this, Tony.
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  Speaker 4: We obviously have our money diarist on the line.
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  Speaker 3: We do Hi.
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  Speaker 1: How are you hi? How are you?
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  Speaker 3: Yeah? Well, well, it's such a pleasure to have you on.
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  Speaker 3: Thank you for sharing your story.
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  Speaker 1: That's okay, I'm it's a pleasure to share it.
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  Speaker 5: It's so weird hearing it back again, even though I
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  Speaker 5: wrote it.
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  Speaker 4: It's always a little bit mind blowing when you're like, wow,
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  Speaker 4: that's actually really impressive, especially when you hear it about yourself.
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  Speaker 1: Yeah, it's kind of like an out of body experience.
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  Speaker 3: Because we've talked about before maybe oh should we get
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  Speaker 3: our money? Diarists to tell us like a quick version
• 2:39
  Speaker 3: of their story, so it comes from them. But we've
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  Speaker 3: had quite a few people say that they actually like
• 2:44
  Speaker 3: hearing their story back because they go, wow, how far
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  Speaker 3: have I come? You know, I started here and now
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  Speaker 3: I'm here, and oh my god, Tony, when you read
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  Speaker 3: it out, it felt like I was listening to someone
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  Speaker 3: else's story and I thought, Wow, good on them, But
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  Speaker 3: it was actually about me.
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  Speaker 5: It's so true, and I think if you read it
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  Speaker 5: out yourself, get like it's I don't know, it's like
• 3:01
  Speaker 5: you're just reading from a script, but someone else reading it,
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  Speaker 5: you're like, go that person.
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  Speaker 1: Yeah, but it's.
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  Speaker 3: Actually all about you, and we want to hear all
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  Speaker 3: about it.
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  Speaker 5: Great, Well, I can't wait to share. So ask me
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  Speaker 5: whatever you want to ask me Perviet questions.
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  Speaker 4: Oh, thank you for the permission. We are definitely going
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  Speaker 4: to do exactly that. But first, as always, we are
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  Speaker 4: going to go through our planned questions. So let's kick
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  Speaker 4: it straight off with what is your attitude towards money.
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  Speaker 5: So my attitude towards money has changed from obviously being
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  Speaker 5: a child to now an adult, and I think I've
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  Speaker 5: had to force myself into a different mindset. So from
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  Speaker 5: age sort of from being a baby to age seven,
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  Speaker 5: we had money, and then when my mum divorced my stepdad,
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  Speaker 5: we didn't. So I was really kind of there was
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  Speaker 5: like this juxtaposition of being used to having nice holidays
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  Speaker 5: and things to having nothing, and so that was really
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  Speaker 5: it was really weird. And as a child, you sort
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  Speaker 5: of don't understand why, you know, all of a sudden
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  Speaker 5: you're being sent to the corner store and you're only
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  Speaker 5: allowed to get the you know, the dollar eighty bread
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  Speaker 5: because that you've only been given a dollar eighty or
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  Speaker 5: whatever it is. And so I became very conscious about
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  Speaker 5: how much things cost and how stressful money was, and
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  Speaker 5: I almost started to resent it because it was painted
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  Speaker 5: this like bad, scary thing that was like, oh, you
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  Speaker 5: know these terms like filthy, rich, and you know, all
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  Speaker 5: these negative things around money. So for me, I kind
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  Speaker 5: of was like it was just always never going to
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  Speaker 5: be abundant. So I, you know, grew up just wanting
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  Speaker 5: nice things and not having them, and I, you know,
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  Speaker 5: would think about things like, oh, when I'm older, I
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  Speaker 5: can't wait, I'm going to shop at Target, because I
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  Speaker 5: thought that Target was literally the top tier of retail
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  Speaker 5: at the time, because I didn't grow up in you know,
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  Speaker 5: the city, so that to me was, you know, a
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  Speaker 5: forbidden store.
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  Speaker 1: But you know, it's just it's really odd.
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  Speaker 5: I guess I was only sort of allowed to shop
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  Speaker 5: at the five and ten dollars rack, and so if
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  Speaker 5: I got new clothes and it wasn't on that rack,
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  Speaker 5: we weren't it. So it's definitely changed a lot as
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  Speaker 5: I've grown up and started to earn my own money.
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  Speaker 5: But you know, I guess that's just part of you know,
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  Speaker 5: growing up and learning about the value of a dollar
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  Speaker 5: and how you can how you can make your own way.
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  Speaker 4: Wow. I love how comprehensive that was. I feel like
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  Speaker 4: I really got to learn a lot about your money
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  Speaker 4: journey through that description. So thank you. Next question is
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  Speaker 4: what do you currently do for work and how much money.
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  Speaker 1: Do you earn?
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  Speaker 5: Yep, so I work in commercial property management and I
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  Speaker 5: earn one hundred and seventeen thousand dollars a year.
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  Speaker 4: What one hundred and seventeen grand a year.
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  Speaker 5: Yes, and then sometimes I get a bonus, which I'm
• 5:41
  Speaker 5: hopefully waiting to find out if I get this year,
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  Speaker 5: depending on the company's performance.
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  Speaker 4: Oh my gosh. And no, you need a degree at all?
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  Speaker 1: No, never went no you need degree?
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  Speaker 4: Wasn't allowed to shop at Target? One hundred and seventeen grand?
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  Speaker 1: Yes.
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  Speaker 3: I love that.
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  Speaker 4: I love that for you. I love the fact that
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  Speaker 4: you are doing so well having come from a situation
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  Speaker 4: where you weren't even surrounded by adults who taught you
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  Speaker 4: what work ethic was like. That is that is really
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  Speaker 4: impressive to you.
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  Speaker 5: Proud of yourself, I am, and I think, you know,
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  Speaker 5: I've always been a bit of an observer. So you know,
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  Speaker 5: I would look at people that I went to school
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  Speaker 5: with and their parents had money, and I would look
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  Speaker 5: at the habits and things that they did versus the
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  Speaker 5: people around me, and you know, it's really I just
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  Speaker 5: kind of saw, well, you know, if people that had
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  Speaker 5: no money all the time it were whinging about money,
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  Speaker 5: they were also the ones that generally would you know,
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  Speaker 5: maybe smoke or drink or gamble, and so I kind
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  Speaker 5: of really drew the line of why that they were
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  Speaker 5: in these situation, other people weren't and so I kind
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  Speaker 5: of just thought, well, I want to follow the path
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  Speaker 5: of people that are doing the smart thing, and that's
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  Speaker 5: what I've always tried to do. So you know when
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  Speaker 5: older people sit there and go, oh, back in my day,
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  Speaker 5: how you know, I wish I'd bought this many houses.
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  Speaker 5: So it was always a focus for me to get
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  Speaker 5: into property because I could understand that there was value
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  Speaker 5: there and that that's something that I wanted. And I
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  Speaker 5: think because I didn't have a home as a child,
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  Speaker 5: we moved around a lot, and I was in halfway
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  Speaker 5: houses and refugees. Having a house was so valuable to me,
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  Speaker 5: and I just I would have given the blood out
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  Speaker 5: of my veins to get there, and I feel like
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  Speaker 5: I nearly did.
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  Speaker 1: It was hard.
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  Speaker 3: That's such a grown up and mature perception for you
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  Speaker 3: to have had when you were at school, to look
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  Speaker 3: at the other kids and their parents and go, I
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  Speaker 3: want that. I don't want this. And there's not a
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  Speaker 3: lot of people that would have that kind of outlook
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  Speaker 3: or ability to read that situation like that. I guess
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  Speaker 3: it's just such a testament to what you went through
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  Speaker 3: and how you got there, and it's so inspiring. I
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  Speaker 3: hope that there's a lot of people listening that have
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  Speaker 3: maybe in this situation at the moment that you've been through,
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  Speaker 3: that can go actually, there's more than this.
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  Speaker 4: I'm so impressed. I cannot tell you six figures, two houses,
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  Speaker 4: and no university degree is a fee. But to then
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  Speaker 4: put on top of that that no one taught you that,
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  Speaker 4: and you had to learn that yourself, and you were
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  Speaker 4: just so perceptive growing up that you knew you wanted that.
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  Speaker 4: You are inspirational. I'm so impressed.
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  Speaker 1: Thank you.
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  Speaker 5: That's so sweet. I think I'm just really stubborn. So
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  Speaker 5: but like.
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  Speaker 4: It has a way that's not what stubborn would have
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  Speaker 4: got me.
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  Speaker 5: But I just like I used to get, you know,
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  Speaker 5: I think because my family had such a bad reputation
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  Speaker 5: growing up, like we were known as the house with
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  Speaker 5: the police there all the time, and you know, like
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  Speaker 5: just really and so I used to get you know,
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  Speaker 5: people's mums would say, oh, I don't want you hanging
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  Speaker 5: out with that person, and and so, and I used
• 8:39
  Speaker 5: to always get told that, you know, people would say, oh,
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  Speaker 5: she's going to just be like her mom and have
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  Speaker 5: lots of kids. And so I think there was this
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  Speaker 5: fire in me that was like, screw you, I'm gonna.
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  Speaker 1: Prove you wrong.
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  Speaker 3: Yeah I don't want that.
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  Speaker 1: I don't want that.
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  Speaker 5: And I think it's you know, it's not about yeah,
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  Speaker 5: how many kids you have, but like say, for my
• 8:57
  Speaker 5: family situation, there's six of us with four different and
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  Speaker 5: that was the perception of coming you know, of lots
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  Speaker 5: of nastiness as well. So yeah, it was just yeah,
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  Speaker 5: I think it was a pure stubbornness and not wanting
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  Speaker 5: people to know what was going on. So when so
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  Speaker 5: my mom has a mental health issue and she threw
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  Speaker 5: me out when I was seventeen, and the careers advisor
• 9:21
  Speaker 5: at school said to me, you know, now that you're
• 9:23
  Speaker 5: living with another family, maybe you should think about dropping
• 9:26
  Speaker 5: out of school. And he said to me, have you
• 9:30
  Speaker 5: considered being a flight attendant because you're very attractive and
• 9:32
  Speaker 5: you're the perfect height. And I was so angry and
• 9:37
  Speaker 5: so offended, and I mean, this is going back no
• 9:40
  Speaker 5: a little while now, and you'd never drew like they
• 9:42
  Speaker 5: would probably get fired for saying it these days. But
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  Speaker 5: I remember thinking, there's no way I'm dropping out of school.
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  Speaker 5: Now now that you've said that to me, I am
• 9:50
  Speaker 5: actually going to stay just because I was so annoyed,
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  Speaker 5: and that anger just fueled me getting my HC. So
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  Speaker 5: I worked to Joe and finished my HC and then
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  Speaker 5: was able to save and go to.
• 10:06
  Speaker 1: Europe for a year.
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  Speaker 4: Gosh.
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  Speaker 5: And then when I got back from Europe, I moved
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  Speaker 5: back in with my mum, which I didn't really want
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  Speaker 5: to do because we don't really get along. And I
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  Speaker 5: was so determined to save for my first property. I
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  Speaker 5: so I was twenty two, I used to I was
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  Speaker 5: earning seven hundred and fifty dollars a week after tax
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  Speaker 5: and innings.
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  Speaker 1: Yeah, it wasn't bad.
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  Speaker 5: And I saved five hundred dollars a week for a
• 10:34
  Speaker 5: year because I didn't go out.
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  Speaker 1: I didn't do anything because I.
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  Speaker 4: Was so so determined.
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  Speaker 5: I was so determined, But also I grew up with nothing,
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  Speaker 5: so I was so used to sacrificing. That sacrifice to
• 10:45
  Speaker 5: me didn't feel like the biggest thing in the world,
• 10:48
  Speaker 5: because I've thought, well, if it's you know, a short
• 10:52
  Speaker 5: term pain for a long term gain. So I slept
• 10:55
  Speaker 5: in a bunk bed for a year and saved five
• 10:58
  Speaker 5: hundred dollars a week, and then got a second job
• 11:00
  Speaker 5: because I wasn't happy with how I'm impatient as well
• 11:03
  Speaker 5: as stubborn.
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  Speaker 4: And I girls got greet.
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  Speaker 5: I then bought my first property at twenty three for
• 11:13
  Speaker 5: two hundred and fifty five thousand.
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  Speaker 1: It's now valued at five point fifty.
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  Speaker 4: Oh my gosh, she's like a mogul.
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  Speaker 1: Now, well, look I don't know about that. That was
• 11:25
  Speaker 1: not amount of time.
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  Speaker 4: Mean, wait till you retire, you are going to have
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  Speaker 4: this epic property portfolio. You're going to be making bank,
• 11:33
  Speaker 4: You're going to be going to Europe every year because
• 11:35
  Speaker 4: COVID will be done. It'll be so good.
• 11:38
  Speaker 1: Ah, that's the dream.
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  Speaker 5: So yeah, I mean I think, yeah, there's been lots
• 11:42
  Speaker 5: of sacrifice. And while other people were, you know, when
• 11:46
  Speaker 5: we turned eighteen going out and drinking, I couldn't afford to.
• 11:49
  Speaker 5: And so this is before the time of internet banking.
• 11:52
  Speaker 5: I would put different money in different envelopes with different
• 11:55
  Speaker 5: labels about what I was and you know, which is
• 11:57
  Speaker 5: now what we do with all the accounts we have.
• 12:00
  Speaker 1: But I just got into really good habits.
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  Speaker 5: I knew that I need to hear a roof over
• 12:04
  Speaker 5: my head, and I was very good at stretching a
• 12:07
  Speaker 5: dollar because I didn't have lots of dollars.
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  Speaker 4: Yeah, but you'd also grown up knowing how to do that,
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  Speaker 4: And I feel like people really underestimate having gone through
• 12:17
  Speaker 4: that and how resourceful you become and how you can
• 12:20
  Speaker 4: actually work it all out, whereas somebody who maybe hadn't
• 12:24
  Speaker 4: had that experience would be like, that's impossible. I could
• 12:27
  Speaker 4: never And you're like, well, you've never been put in
• 12:29
  Speaker 4: a situation where you've needed to be that resourceful, have you,
• 12:32
  Speaker 4: So I think it's really impressive that you're using it
• 12:34
  Speaker 4: to your advantage as well. Like, it's just it's so cool,
• 12:37
  Speaker 4: and we've gone so far off track the questions I
• 12:40
  Speaker 4: want to be asking you, But you are so interesting
• 12:43
  Speaker 4: and this story is so inspiring that I know nobody
• 12:46
  Speaker 4: listening is going to be mad at me, So hopefully
• 12:48
  Speaker 4: that's the case. I'm just assuming. So the next question
• 12:52
  Speaker 4: I have for you is what is currently your big
• 12:55
  Speaker 4: money goal?
• 12:57
  Speaker 1: So my big money goal I've just a chet this week.
• 13:01
  Speaker 5: So the property we've got at the moment is a
• 13:04
  Speaker 5: really old house and we're renovating it. And the bathroom
• 13:09
  Speaker 5: was just, oh I could I hate it even getting
• 13:11
  Speaker 5: ready in there, it was so awful. It was like
• 13:13
  Speaker 5: falling apart, so last year, I got a ten thousand
• 13:18
  Speaker 5: dollar tax return, so I put that in savings, well fancy,
• 13:21
  Speaker 5: and then I have been saving this year and we
• 13:25
  Speaker 5: just saved twenty thousand dollars to do a new bathroom.
• 13:27
  Speaker 1: Which should be finished this week.
• 13:29
  Speaker 5: But it's been just blood, sweat and tears to get
• 13:32
  Speaker 5: this bathroom finished. And who knew that they were so expensive?
• 13:36
  Speaker 5: And they are so warning to everyone.
• 13:38
  Speaker 4: Oh my gosh, I know, the second you start talking
• 13:41
  Speaker 4: about home things, it just spirals out of control. I
• 13:44
  Speaker 4: feel like you get a tax for that, and at
• 13:46
  Speaker 4: tax for weddings, like it just happens.
• 13:49
  Speaker 1: Definitely think it.
• 13:50
  Speaker 4: Would be that expensive because I've been to Bunnings. I've
• 13:52
  Speaker 4: looked at how much toilets are. Who would have thought
• 13:54
  Speaker 4: getting them actually installed is the price?
• 13:57
  Speaker 3: I know, But that's really exciting that you've actually just
• 14:00
  Speaker 3: met your big money goal. So onto the next one.
• 14:03
  Speaker 1: Onto the next one.
• 14:04
  Speaker 5: Yeah, So the next one will probably be I'm looking
• 14:07
  Speaker 5: at starting a business and I'm trying to just pull
• 14:10
  Speaker 5: together some capital to do that.
• 14:12
  Speaker 4: Oh my gosh, what's your business? Can it be? You?
• 14:15
  Speaker 5: So it's because I work in property. It's going to
• 14:19
  Speaker 5: be a property management like service. But more so to
• 14:25
  Speaker 5: holiday houses because that market is just exploding at the moment.
• 14:28
  Speaker 4: It's very smart. She's a genius, Tony. This woman has
• 14:32
  Speaker 4: already gone places and she's going to go more places.
• 14:35
  Speaker 1: Oh, yes, thank you.
• 14:37
  Speaker 4: I love it all right. So we already know you
• 14:40
  Speaker 4: have an investment property, But do you have any investments?
• 14:44
  Speaker 5: So I obviously have my Super, which, up until listening
• 14:47
  Speaker 5: to She's on the Money, I never considered as an investment.
• 14:49
  Speaker 5: But I've definitely become more interested in it, and I
• 14:52
  Speaker 5: now check in and I watch it and.
• 14:53
  Speaker 1: I understand it.
• 14:55
  Speaker 5: And so I have eighty thousand dollars in Super.
• 14:58
  Speaker 4: Oh that is so good for your age.
• 15:01
  Speaker 5: Well, I didn't realize, but I think it's. Yeah, the
• 15:04
  Speaker 5: average I wasn't sure about. So I didn't know that
• 15:08
  Speaker 5: it was good until you.
• 15:09
  Speaker 4: Mentioned that it was a really good amount of SUPER
• 15:12
  Speaker 4: to have. And I think that people underestimate how much
• 15:16
  Speaker 4: that they need. But for someone between the age of
• 15:19
  Speaker 4: twenty five and thirty four, the average balance for women
• 15:22
  Speaker 4: is thirty one thousand, six hundred, and you're running rings
• 15:26
  Speaker 4: around that like you're literally more than double that amount,
• 15:28
  Speaker 4: my friend. So when they say you've got enough in Super,
• 15:32
  Speaker 4: like you're kicking it. You're doing pretty well.
• 15:35
  Speaker 1: Well.
• 15:35
  Speaker 5: That's good to know because I was sort of like,
• 15:37
  Speaker 5: I don't know, I feel like I'm my own worst enemy.
• 15:39
  Speaker 1: I was like, oh, I wish it was one hundred,
• 15:41
  Speaker 1: and it will be.
• 15:42
  Speaker 4: I'm sure, especially with your salary and the contributions in
• 15:45
  Speaker 4: the next couple of years, it'll absolutely get to one hundred.
• 15:48
  Speaker 4: But I think it's also a testament to you because,
• 15:52
  Speaker 4: as you said, you've been working two jobs since the
• 15:54
  Speaker 4: age of seventeen, and in your lifetime, superannuation has always
• 15:58
  Speaker 4: been mandated, so you've been earning super arguably for a
• 16:02
  Speaker 4: lot longer period of time than most of us.
• 16:05
  Speaker 1: Yeah.
• 16:05
  Speaker 5: So I started working when I was thirteen, but I
• 16:07
  Speaker 5: used to get paid cash, so that probably didn't contribute
• 16:09
  Speaker 5: to my super But I also used to be self employed,
• 16:13
  Speaker 5: and I was religious about putting my own.
• 16:16
  Speaker 3: Superrec good most.
• 16:17
  Speaker 5: So well, and I think at the time I was
• 16:19
  Speaker 5: always like, oh, I resent putting this whatever it is
• 16:22
  Speaker 5: a week. But now that I, you know, am stepping
• 16:26
  Speaker 5: back and looking at it, I'm like, thank god past
• 16:28
  Speaker 5: me made that decision, because now present me is and
• 16:31
  Speaker 5: future maybe benefit from that. Yeah, And I also salary
• 16:35
  Speaker 5: sacrifice about thirty dollars a week into my super because honestly,
• 16:38
  Speaker 5: it's so important. And I see and again just by
• 16:42
  Speaker 5: you know, sheer observation. You see these women that are
• 16:45
  Speaker 5: you know, maybe they're divorced or they're single, or whatever
• 16:47
  Speaker 5: the case, and they're really struggling at the age of
• 16:50
  Speaker 5: you know, fifty five and they don't know what to do.
• 16:52
  Speaker 1: And I don't want to be one of those women.
• 16:54
  Speaker 4: Yeah, it's so important to realize that. I was speaking
• 16:58
  Speaker 4: to someone the other day about, you know, women and
• 17:00
  Speaker 4: poverty and getting towards retirement age. And here in Australia,
• 17:05
  Speaker 4: the biggest growing demographic of people becoming homeless a women
• 17:09
  Speaker 4: between the ages of fifty five and sixty five. And
• 17:13
  Speaker 4: I think that nobody thinks about that. And the reason
• 17:16
  Speaker 4: for that is everything you just said. It could be
• 17:18
  Speaker 4: they're going through divorce, you know, they might have lost
• 17:20
  Speaker 4: their partner, they are single and hadn't prioritized retirement. Yet.
• 17:26
  Speaker 4: There's a lot going on there that I think that
• 17:29
  Speaker 4: we pushed to the side and don't talk about because
• 17:31
  Speaker 4: you go, oh, it's all too hard, it's all too much.
• 17:33
  Speaker 4: But these women could have been, you know, in such
• 17:37
  Speaker 4: better positions if someone had kind of scooped them up
• 17:39
  Speaker 4: a couple of years ago when we were our ages
• 17:42
  Speaker 4: and said, all right, Tony, it's really important make sure
• 17:45
  Speaker 4: you're making superanuation contributions. Here's where you should be at,
• 17:48
  Speaker 4: here's where we need to go. This is what this
• 17:50
  Speaker 4: looks like, because that literally could have saved them from
• 17:53
  Speaker 4: the reality they're experiencing now. But right now we need
• 17:57
  Speaker 4: to do a lot about that. So you're absolutely right,
• 18:00
  Speaker 4: we don't want to get there. But I think it's
• 18:02
  Speaker 4: also important to acknowledge that right now, that's a really
• 18:05
  Speaker 4: big issue for us. That's a really big thing that
• 18:08
  Speaker 4: a lot of people are going through, but I don't
• 18:10
  Speaker 4: think is being spoken about nearly enough.
• 18:13
  Speaker 5: Yeah, and I think too many women. And this is
• 18:16
  Speaker 5: just like from my own personal experiences, I watched a
• 18:20
  Speaker 5: lot of women around me as a child just be
• 18:23
  Speaker 5: with men because it was easier than being alone. And
• 18:27
  Speaker 5: so my husband will tell you I'm so fiercely, annoyingly independent.
• 18:33
  Speaker 5: I'm like, you know, I when before we got married,
• 18:37
  Speaker 5: he signed a prenup because that property was mine and
• 18:41
  Speaker 5: so you know, and look, he's amazing, but I'm just
• 18:44
  Speaker 5: so I never want to rely on a man, and
• 18:46
  Speaker 5: if that means making personal contributions to my super now,
• 18:49
  Speaker 5: then so be it, because I never want to be
• 18:53
  Speaker 5: that woman, that spider monkey that goes from tree to
• 18:55
  Speaker 5: tree out of desperation of necessity.
• 18:59
  Speaker 4: Yeah, and I think that's really relevant as well. It
• 19:02
  Speaker 4: puts you back in the control seat, It puts you
• 19:04
  Speaker 4: back in power. And whether that is a man, a
• 19:07
  Speaker 4: situation of place, an employer, like having enough freedom of
• 19:11
  Speaker 4: choice is going to come down to your financial situation
• 19:15
  Speaker 4: and you're never going to be forced to do anything
• 19:17
  Speaker 4: you don't want to do if you've got funds behind you. That,
• 19:20
  Speaker 4: as much as it's not a nice reality, is the
• 19:22
  Speaker 4: real reality of what financial freedom can afford you.
• 19:26
  Speaker 1: Absolutely, And whether you like talking about money or it
• 19:29
  Speaker 1: makes you uncomfortable or whatever the situation, this is the
• 19:32
  Speaker 1: reason it's important, all those reasons you just mentioned.
• 19:35
  Speaker 4: Yeah, yeah, all right, back on the train of questions.
• 19:38
  Speaker 4: Do you currently have any debts?
• 19:41
  Speaker 5: I've got one thousand dollars owing on my credit card
• 19:44
  Speaker 5: and I'm sorry forgot to mention I've got two thousand
• 19:47
  Speaker 5: dollars worth of shares because I joined Raise thanks to you.
• 19:50
  Speaker 4: Oh yes, amazing.
• 19:52
  Speaker 5: So I'm trying to get my shares up, and I'm
• 19:54
  Speaker 5: trying to understand that as well. But yeah, no, not
• 19:56
  Speaker 5: many debts. Only yeah the thousand dollars credit card which.
• 19:58
  Speaker 1: Will be over soon.
• 20:00
  Speaker 4: And mortgages.
• 20:01
  Speaker 1: Oh of course, Well yes, so I have.
• 20:04
  Speaker 4: But that's constructive debt. That's not bad personal debt. So
• 20:08
  Speaker 4: I know why you didn't mention it. It's all good. I
• 20:10
  Speaker 4: still want to know about your more, Okay, I would
• 20:12
  Speaker 4: say heavy money, direst Okay, Well.
• 20:14
  Speaker 5: I told you that I bought a little villa when
• 20:16
  Speaker 5: I was twenty three, which I mentioned about what I paid,
• 20:19
  Speaker 5: what I was earning, and what it's worth now. So
• 20:23
  Speaker 5: when it was being rented out, when the property in
• 20:26
  Speaker 5: that area boomed, I wasn't living there at the time,
• 20:29
  Speaker 5: and it literally like doubled, and I was like, what
• 20:33
  Speaker 5: that area became cool?
• 20:35
  Speaker 1: Who knew?
• 20:36
  Speaker 5: So I went and met with a broker a few
• 20:40
  Speaker 5: years ago and I borrowed the equity. So I pulled
• 20:44
  Speaker 5: one hundred thousand dollars out of that because obviously it
• 20:47
  Speaker 5: had increased in value, and I refinanced the loan and
• 20:51
  Speaker 5: then bought another house, which is where we live now.
• 20:54
  Speaker 4: Oh my gosh, that is so good. Yes, so excited
• 20:58
  Speaker 4: for you, but also just like so unnecessarily proud. And
• 21:02
  Speaker 4: I say unnecessarily because like I am not allowed to
• 21:05
  Speaker 4: be proud of you because I had nothing to do
• 21:06
  Speaker 4: with your journey. I always say that. I'm always like,
• 21:08
  Speaker 4: oh my god, I'm so proud as if I contributed
• 21:11
  Speaker 4: in some way too.
• 21:12
  Speaker 5: I think it just shows that we have a great
• 21:14
  Speaker 5: community here. Like I'm proud of things that I hear
• 21:16
  Speaker 5: about on money diares of complete strangers and everyone. No,
• 21:20
  Speaker 5: I get goosebumps sometimes and I'm like, oh the fields.
• 21:23
  Speaker 4: Oh yeah, money diaries are literally my favorite. All right,
• 21:28
  Speaker 4: next question, do you use shot back?
• 21:32
  Speaker 5: I you know, I haven't, no, but I understand. I
• 21:35
  Speaker 5: think it could work. I think it's a great idea.
• 21:38
  Speaker 5: If I was going to buy something, I definitely would
• 21:40
  Speaker 5: use it. But no, not yet.
• 21:41
  Speaker 4: I feel like you're potentially too intelligent to shop online
• 21:45
  Speaker 4: in the same way that I do.
• 21:47
  Speaker 5: So do you know actually my shopping is actually, like
• 21:51
  Speaker 5: I said, it's taken me a long time to get
• 21:53
  Speaker 5: out of this like scarcity mindset. So and my husband's
• 21:57
  Speaker 5: like the exact opposite because he gret with money, so
• 21:59
  Speaker 5: his money's story is very different to mine. But when
• 22:02
  Speaker 5: we were buying a vacuum cleaner, I couldn't part with
• 22:05
  Speaker 5: seven hundred dollars for the Dison like I wanted to.
• 22:07
  Speaker 1: But I physically was like, oh, I was too scared.
• 22:10
  Speaker 5: So I bought this crappy little thing that was a
• 22:13
  Speaker 5: few hundred dollars cheaper and it was the worst, and
• 22:16
  Speaker 5: I ended up taking it back and upgrade into the Dison.
• 22:18
  Speaker 5: And my husband was like, I told you, so, buy
• 22:20
  Speaker 5: what you want the first time, buy quality the first time.
• 22:24
  Speaker 5: But I find myself doing that over and over, and
• 22:27
  Speaker 5: I keep thinking, learn the lesson.
• 22:29
  Speaker 4: Yeah, I feel like that is a good lesson. And
• 22:32
  Speaker 4: I guess it's one of those things that it's kind
• 22:35
  Speaker 4: of the circle of poverty in a way, right, because
• 22:40
  Speaker 4: you buy what you can afford, not going for the
• 22:42
  Speaker 4: best thing, and that might be you know, like school shoes, right,
• 22:46
  Speaker 4: So like the expensive school shoes. You remember the Harrison
• 22:49
  Speaker 4: school shoes that everybody had, the like really beautiful buckle
• 22:51
  Speaker 4: up ones with butterfly pattern. All right, Well you guys
• 22:54
  Speaker 4: might not, but I know everybody listening is going to
• 22:57
  Speaker 4: be like, yes, so were the only ones we could
• 22:59
  Speaker 4: have at school because like otherwise we weren't cool.
• 23:02
  Speaker 1: We weren't cool.
• 23:04
  Speaker 3: No, you're not telling me anything I do already.
• 23:09
  Speaker 4: I'm giving away my money story at the moment. But
• 23:12
  Speaker 4: it was really important to have those shoes. But they
• 23:14
  Speaker 4: were really good quality shoes, right, But if you compare
• 23:16
  Speaker 4: that to someone who maybe couldn't part with one hundred
• 23:19
  Speaker 4: and ten dollars for those shoes and they went to
• 23:21
  Speaker 4: kmart and got like twenty dollars school shoes, they might
• 23:25
  Speaker 4: have to buy those twenty dollars school shoes trials, yeah,
• 23:28
  Speaker 4: five or six times during the year, therefore costing them
• 23:31
  Speaker 4: more than what the initial investment of the more quality
• 23:35
  Speaker 4: shoes were. But they didn't have the capital at the
• 23:37
  Speaker 4: start to outlay that, and that's what potentially keeps people
• 23:41
  Speaker 4: in that cycle of you know, buying stuff that is
• 23:44
  Speaker 4: the cheapest, but trying to replace it because they don't
• 23:46
  Speaker 4: have the capital at the time. And I think it's
• 23:48
  Speaker 4: really nice to be able to afford right now, like
• 23:51
  Speaker 4: oh yeah, cool, I can afford the quality one. But
• 23:54
  Speaker 4: it's also one of those things that you go, oh
• 23:56
  Speaker 4: my gosh, like that's not something everyone can do, and
• 23:59
  Speaker 4: that's like, you know, a privilege of wealth, Like I'm
• 24:02
  Speaker 4: so grateful that I can go and I do the
• 24:04
  Speaker 4: same thing. And I'm so grateful that, you know, I
• 24:07
  Speaker 4: can go buy a dice and if I really really
• 24:09
  Speaker 4: need it. And I mean it's not like I go
• 24:11
  Speaker 4: and buy a new vacuum every year, like I've had
• 24:13
  Speaker 4: my most recent dice in for two years, and the
• 24:16
  Speaker 4: one before that I think was nearly ten years old.
• 24:18
  Speaker 4: But you buy quality and it lasts. But most people
• 24:23
  Speaker 4: who are in that situation, they just go, I can't
• 24:26
  Speaker 4: afford to just buy the quality one would love to.
• 24:28
  Speaker 4: So I don't know. For me, that was a really
• 24:30
  Speaker 4: good reflection point to go, how lucky are we like
• 24:33
  Speaker 4: to be able to now buy a dice in when
• 24:35
  Speaker 4: when you were younger that wouldn't have even been an option.
• 24:39
  Speaker 5: Yeah, And I used to it like it's funny the
• 24:41
  Speaker 5: things that we tell ourselves. So when I was younger,
• 24:44
  Speaker 5: I was in a completely different occupation and I was
• 24:46
  Speaker 5: on you know, like a much lower income, and I
• 24:49
  Speaker 5: used to tell myself these stupid things like when I'm
• 24:51
  Speaker 5: on fifty five thousand, then I'm going to buy that,
• 24:54
  Speaker 5: or when I'm on you know, and then I when
• 24:56
  Speaker 5: I set myself the goal of being on a six
• 24:59
  Speaker 5: figure salary. I would say like, oh, I'm going to
• 25:01
  Speaker 5: do X, Y and Z, and then I hit it
• 25:03
  Speaker 5: and I would move the goldpost again on myself.
• 25:05
  Speaker 1: And I was like, what am I doing.
• 25:07
  Speaker 4: It's so unfair on yourself, I.
• 25:10
  Speaker 1: Know, But anyway, it's what we do. Right.
• 25:13
  Speaker 4: Well, let's ask you, because that sounds like a not
• 25:15
  Speaker 4: good money habit. Let's ask you what your best money
• 25:19
  Speaker 4: habit is.
• 25:21
  Speaker 5: My best money habit is I'm very good at. And
• 25:25
  Speaker 5: this is gonna sound bad. I'm very good at going without.
• 25:27
  Speaker 5: So you know, if I have to stretch my pay
• 25:31
  Speaker 5: for a week or a fortnight or whatever, I kind
• 25:34
  Speaker 5: of hold out the cash flow of paying for certain
• 25:36
  Speaker 5: things and then so and I think that comes back
• 25:38
  Speaker 5: to not having that anxiety around not having money. But
• 25:41
  Speaker 5: I'm very good at prioritizing. I'm good at saving, and
• 25:45
  Speaker 5: I have probably over fifteen bank accounts where I divvy
• 25:47
  Speaker 5: up things and they're all labeled. And so the way
• 25:50
  Speaker 5: I sort of like to look at my money is
• 25:52
  Speaker 5: that each account is a bucket, and even if I
• 25:53
  Speaker 5: put one drop in that bucket a week, it'll eventually
• 25:57
  Speaker 5: get full of water.
• 25:58
  Speaker 4: Oh I love that. I haven't even considered it, Like,
• 26:03
  Speaker 4: I really like that mental space. I hope that a
• 26:06
  Speaker 4: lot of people can take something from that, because.
• 26:09
  Speaker 1: But you just don't realize exactly fill up.
• 26:11
  Speaker 4: At some point, how special.
• 26:13
  Speaker 3: I think all my buckets have holes in them.
• 26:17
  Speaker 1: You need new buckets.
• 26:19
  Speaker 4: I think some of us even need to just get
• 26:21
  Speaker 4: some buckets to begin with. Al Right, flip that. What
• 26:25
  Speaker 4: is your worst money habit?
• 26:28
  Speaker 5: It's probably that mentality thing about either like there's not
• 26:33
  Speaker 5: enough to go around, that scarcity thing. My husband's like,
• 26:37
  Speaker 5: just buy the damn shoes or you know whatever. So
• 26:40
  Speaker 5: I think it's a bit of that. And still sometimes
• 26:42
  Speaker 5: I find myself going for the cheaper option of things,
• 26:46
  Speaker 5: even though, like we just talked about with the dice
• 26:48
  Speaker 5: and all the shoes or whatever it might be. And
• 26:51
  Speaker 5: sometimes I have to really force myself to break that habit.
• 26:54
  Speaker 5: But then I feel really proud when I do, because
• 26:56
  Speaker 5: I'm like, I acknowledged I had that level of self awareness.
• 26:59
  Speaker 5: I acknowledge what I'm doing, and I changed the behavior
• 27:02
  Speaker 5: to then get a different result.
• 27:03
  Speaker 4: I love that. I just feel like you are so gritty,
• 27:08
  Speaker 4: like you just have so much grit about yourself, and
• 27:11
  Speaker 4: like that is that is a compliment If you've never
• 27:13
  Speaker 4: been called gritty before that It's like one of those
• 27:16
  Speaker 4: things that you know, if I'm anything, I hope that
• 27:19
  Speaker 4: I have more grit, Like I get up when you
• 27:21
  Speaker 4: know I'm pushed down, and I try and I try again,
• 27:24
  Speaker 4: and I'm tenacious, and I just I really respect what
• 27:27
  Speaker 4: you're doing and I think it's really inspirational. Oh all right.
• 27:31
  Speaker 4: So to summarize all of that, because we took the
• 27:34
  Speaker 4: long way around, what grade would you give yourself if
• 27:38
  Speaker 4: it forced you to give yourself a grade?
• 27:41
  Speaker 1: I would probably give myself an A. Ya.
• 27:45
  Speaker 5: I think that I can certainly acknowledge all the things
• 27:48
  Speaker 5: that I've done and where I've come from, but I
• 27:51
  Speaker 5: you know, I know there's still things to do. So
• 27:54
  Speaker 5: you know, there's like savings goals. I'm trying to get
• 27:57
  Speaker 5: my emergency fund up to a certain amount and things
• 27:59
  Speaker 5: like that. So yeah, i'd give myself an A with
• 28:02
  Speaker 5: room for a plus potential.
• 28:04
  Speaker 3: I love that.
• 28:04
  Speaker 4: I absolutely agree that you were a A. And I
• 28:07
  Speaker 4: have a few perfect questions in just a cheeky minute,
• 28:16
  Speaker 4: all right, So diving straight back into this. During the
• 28:19
  Speaker 4: questions that I was asking you before, you mentioned that
• 28:23
  Speaker 4: your partner grew up in wealth and you didn't. How
• 28:26
  Speaker 4: have you guys spoken about your money stories to get
• 28:29
  Speaker 4: on the same page because they were so variably different.
• 28:33
  Speaker 1: That's a great question.
• 28:34
  Speaker 5: So he was actually married before we were together, and
• 28:39
  Speaker 5: as a result of that had to enter into a
• 28:41
  Speaker 5: partner i'm agreement, which is similar to a bankruptcy.
• 28:44
  Speaker 4: Yeah. Wow.
• 28:45
  Speaker 5: So when we started dating, I was obviously aware of
• 28:49
  Speaker 5: the situation and that made me. It made me nervous,
• 28:53
  Speaker 5: but I just wanted to understand it and understand his
• 28:56
  Speaker 5: money story and understand how he spends money. But because
• 28:59
  Speaker 5: he grew up with money, his family was kind of
• 29:02
  Speaker 5: the opinion like, you just buy it and it makes
• 29:04
  Speaker 5: you happy, and he kind of that was just the
• 29:06
  Speaker 5: you know, the scenario. But when he was an adult,
• 29:11
  Speaker 5: you know, it was like if you buy it, but
• 29:14
  Speaker 5: then there might be finance attached or whatever, and I
• 29:18
  Speaker 5: I'm like, no, that is not.
• 29:20
  Speaker 1: How we're doing things.
• 29:22
  Speaker 5: So I was like, look, I would make me feel
• 29:24
  Speaker 5: comfortable if I could manage the money. So he's had
• 29:28
  Speaker 5: to work really hard to get out of that and
• 29:30
  Speaker 5: build up his credit rating.
• 29:31
  Speaker 1: Again.
• 29:32
  Speaker 5: Thankfully, he dated someone who had their own house and
• 29:35
  Speaker 5: is really savvy and you know.
• 29:37
  Speaker 4: So you said before, a man's not a financial plan,
• 29:41
  Speaker 4: but no one said a woman isn't.
• 29:43
  Speaker 5: That's it maybe, but look he's I think, yeah, we're
• 29:46
  Speaker 5: just we're both on the same page now. But sometimes
• 29:49
  Speaker 5: like I'll catch him doing something where he'll go, oh,
• 29:52
  Speaker 5: just buy it, and then I'm the exact opposit around
• 29:54
  Speaker 5: I'm like, no, I'll just wait. So we're kind of
• 29:57
  Speaker 5: like if I'm fire, he's water. So we it's really interesting,
• 30:01
  Speaker 5: but we've definitely we're on the same page about it.
• 30:04
  Speaker 5: But the bankruptcy and everything was really tough.
• 30:08
  Speaker 4: Wow, And how did you feel coming into that, Like
• 30:11
  Speaker 4: you mentioned before, you were a little apprehensive, But how
• 30:14
  Speaker 4: did you work your way through that? Because obviously would
• 30:18
  Speaker 4: have been a bit confronting having gone through, you know,
• 30:21
  Speaker 4: a lot of this growing up and knowing that money
• 30:24
  Speaker 4: wasn't in abundance, to then be faced with I don't
• 30:26
  Speaker 4: really like this guy, but am I going to go behind?
• 30:29
  Speaker 4: Like is that not what I want?
• 30:32
  Speaker 1: Yeah?
• 30:32
  Speaker 5: I think for me, it was about understanding everything. So
• 30:36
  Speaker 5: I wanted to understand the level of debt, where it
• 30:38
  Speaker 5: came from, you know, really Pervy wanted to understand.
• 30:43
  Speaker 1: What he was spending his money on.
• 30:44
  Speaker 5: Where it was going, where it was coming from, and
• 30:46
  Speaker 5: also we can like So we sat down, put a
• 30:48
  Speaker 5: plan together. We consolidated all of the debt. Then the
• 30:52
  Speaker 5: person whoever, like the entity is that negotiates it, tries
• 30:55
  Speaker 5: to get it down. And then he set a goal
• 30:57
  Speaker 5: of how long he wanted to paid off, and I
• 31:01
  Speaker 5: said we wouldn't get married until that was paid off.
• 31:04
  Speaker 4: So that's so good.
• 31:05
  Speaker 5: Yeah, so I think, you know, establishing the boundaries about
• 31:08
  Speaker 5: what does that look like for you, and he's done it.
• 31:12
  Speaker 5: But I think what the hard thing was is people
• 31:14
  Speaker 5: don't realize when you go through that. I remember him
• 31:17
  Speaker 5: going to get a phone plan at Telstra and you
• 31:19
  Speaker 5: can't even get a phone plan, so I had to
• 31:23
  Speaker 5: then get the phone plan in my name, which I
• 31:25
  Speaker 5: know a lot of people would cringe and say, you know,
• 31:26
  Speaker 5: you shouldn't do that, that's silly, But I certainly wouldn't
• 31:29
  Speaker 5: go get a car loan or anything but a phone plan.
• 31:31
  Speaker 1: I was happy to do.
• 31:32
  Speaker 4: Actually want to be able to call you. Yes, so
• 31:35
  Speaker 4: as much for me as it is for you. I
• 31:37
  Speaker 4: get that.
• 31:38
  Speaker 5: But yeah, it looked it was hard and it was challenging,
• 31:41
  Speaker 5: and we've certainly put it behind us. Now, but you know,
• 31:44
  Speaker 5: he isn't even on the house that we're we've got
• 31:47
  Speaker 5: now together, so we've got an agreement where he owns
• 31:51
  Speaker 5: forty percent of this house because I used my equity
• 31:53
  Speaker 5: so we didn't split it fifty to fifty. But he
• 31:58
  Speaker 5: still has something even though he's not on the d
• 32:00
  Speaker 5: because he couldn't go on the deed because.
• 32:01
  Speaker 1: Of his credit rating.
• 32:02
  Speaker 4: Yeah.
• 32:03
  Speaker 5: Wow, so it makes a huge impact. People don't realize.
• 32:06
  Speaker 5: You know, things you do when you're eighteen, and yeah,
• 32:10
  Speaker 5: it carries with you like a bad smell.
• 32:13
  Speaker 4: But it sounds like you guys have worked through it
• 32:15
  Speaker 4: and now you're married. That means he's out of that
• 32:19
  Speaker 4: deck completely.
• 32:20
  Speaker 1: It is. Yeah, that was the reward.
• 32:24
  Speaker 4: That's a pretty good reward. I'd be trying to lock
• 32:26
  Speaker 4: you down ASAC. Two. When did you guys get married?
• 32:31
  Speaker 1: At twenty seventeen, so we've been married four years nearly.
• 32:34
  Speaker 4: You're exciting and perfect questions Because weddings are really expensive,
• 32:39
  Speaker 4: how'd you budget for that?
• 32:41
  Speaker 5: So I didn't want a big, crazy wedding because I'd
• 32:46
  Speaker 5: rather go and travel. So we only spent seven thousand
• 32:49
  Speaker 5: dollars in our wedding, and.
• 32:50
  Speaker 1: Then we had that it's so good. It was really good.
• 32:53
  Speaker 5: We had a thirty thousand dollar honeymoon in the States,
• 32:55
  Speaker 5: so my wedding wasn't very expensive.
• 32:57
  Speaker 1: To answer your.
• 32:58
  Speaker 4: Question that though, because it goes and that's actually why
• 33:02
  Speaker 4: I was being really pervy. I was kind of like,
• 33:04
  Speaker 4: I reckon, she's had a really savvy wedding and prioritized
• 33:08
  Speaker 4: her values, and that's exactly what you did. I was.
• 33:12
  Speaker 4: I was being a little bit presumptuous there with that question.
• 33:15
  Speaker 4: You're right, Yeah, I was not wrong. Would you recommend
• 33:19
  Speaker 4: that Is there anything you would change about that process?
• 33:21
  Speaker 4: I feel like it's a good place for us to learn.
• 33:25
  Speaker 5: I feel like with my wedding, I mean I only
• 33:27
  Speaker 5: had a really small, intimate wedding of thirty people, so
• 33:30
  Speaker 5: we didn't spend a lot of money. So I guess
• 33:31
  Speaker 5: it depends on how big your family is and who
• 33:33
  Speaker 5: you want to calm and things like that. But the
• 33:36
  Speaker 5: only thing that and this is again a worse habit
• 33:38
  Speaker 5: of mine, is I think I can do everything. So
• 33:41
  Speaker 5: I catered my own wedding, and the morning of my wedding,
• 33:46
  Speaker 5: I was cooking, And I think if I could go
• 33:50
  Speaker 5: back again, I'd probably pay for some extra help.
• 33:53
  Speaker 4: Yeah, I feel like that's maybe a good hot tip. Yeah,
• 33:57
  Speaker 4: cater your own wedding.
• 33:58
  Speaker 5: Yes, so that's the only thing, because I think I
• 34:01
  Speaker 5: can do it all, and I can't because I'm human,
• 34:04
  Speaker 5: So I think that would be my only thing. If
• 34:06
  Speaker 5: you're going to do it yourself, Yeah, give yourself a
• 34:08
  Speaker 5: little bit of a break and get some help.
• 34:11
  Speaker 4: Yeah, cut yourself some slack at some point. I feel
• 34:14
  Speaker 4: like on the morning of your wedding, that's a really
• 34:16
  Speaker 4: good time to give yourself that slack as well.
• 34:18
  Speaker 1: That's right.
• 34:19
  Speaker 5: Yeah, but no, it's so interesting. I guess when something
• 34:23
  Speaker 5: happens to you financially, how it changes like your whole perception.
• 34:28
  Speaker 5: So a couple of years ago, I worked for a
• 34:30
  Speaker 5: company and that I was doing some property courses through them,
• 34:35
  Speaker 5: and they the last day of the course, they got
• 34:38
  Speaker 5: me to sign a contract to say if I left,
• 34:40
  Speaker 5: I would pay it back. And I thought it was
• 34:42
  Speaker 5: for the one course I was doing. And then when
• 34:44
  Speaker 5: I resigned six months later, they deducted five thousand dollars
• 34:49
  Speaker 5: from my last pay and I was left with two
• 34:54
  Speaker 5: hundred dollars for the month. And I will never forget
• 34:57
  Speaker 5: how that feels. And I fought it, and it's fine,
• 35:00
  Speaker 5: but I never want to be left in a situation
• 35:02
  Speaker 5: like that. So I had an emergency fund at the time,
• 35:05
  Speaker 5: but I think I just never wanted to give someone
• 35:08
  Speaker 5: else the power to control how I navigate my life through,
• 35:14
  Speaker 5: you know, feeding myself even Yeah.
• 35:18
  Speaker 4: So just though right, like, money is not just about
• 35:22
  Speaker 4: the luxuries. It's about the bare necessities and a main ranch. Yeah,
• 35:26
  Speaker 4: put food on the table. And I think so many
• 35:29
  Speaker 4: people forget the importance of it because it's such a
• 35:33
  Speaker 4: boring topic sometimes, or.
• 35:34
  Speaker 1: It's something I know, it's not.
• 35:38
  Speaker 5: You.
• 35:39
  Speaker 4: You can't preach to me like I obviously don't think.
• 35:41
  Speaker 5: It's a I have like a color coded Excel spreadsheet
• 35:47
  Speaker 5: and I'm like, how is this, how's this account going?
• 35:49
  Speaker 1: And if we offset this?
• 35:51
  Speaker 4: Oh my gosh, you are my spirit animals. Let me
• 35:53
  Speaker 4: know when you want to come out of commercial property
• 35:56
  Speaker 4: and join the She's on the money.
• 35:57
  Speaker 1: Team, an I am side hustle.
• 36:01
  Speaker 4: Oh my gosh, you'd be a really great financial advisor
• 36:05
  Speaker 4: as well.
• 36:05
  Speaker 1: It's funny, I hate maths, but I love money.
• 36:08
  Speaker 4: Oh my gosh, you don't have to do well at maths.
• 36:11
  Speaker 4: I'll be a good financial advisor, I promise you in fact,
• 36:14
  Speaker 4: you know how in grade twelve they're like, you really
• 36:16
  Speaker 4: need to be able to do these maths, the exams,
• 36:19
  Speaker 4: no calculators and no notes. I'm sorry, I'm a financial advisor.
• 36:24
  Speaker 4: I know have a calculator on my phone. I even
• 36:26
  Speaker 4: have Google on my phone. I don't need to know
• 36:29
  Speaker 4: your times tables. Tell me how compound interest works, Sharon, Right, Yeah,
• 36:33
  Speaker 4: I just want auto some in Excel, don't.
• 36:35
  Speaker 1: I don't care about anything.
• 36:36
  Speaker 4: Yeah, exactly. We have so many tools and resources now,
• 36:40
  Speaker 4: and don't get me wrong, there's obviously a lot when
• 36:42
  Speaker 4: it comes to finances and money and being able to
• 36:45
  Speaker 4: actually calculate it. But at the same time, it's one
• 36:48
  Speaker 4: of those things where it's actually less about the maths
• 36:51
  Speaker 4: and more about the planning of resources. And I think that,
• 36:55
  Speaker 4: you know, if anyone's thinking about it, financial advice is
• 36:58
  Speaker 4: a pretty sexy career. I think that is probably a
• 37:02
  Speaker 4: really great place to leave it. So Tony. As always,
• 37:05
  Speaker 4: just before we head off, we'd like to acknowledge and
• 37:08
  Speaker 4: pay respect to Australia's aboriginal and tourist rate islander people's.
• 37:12
  Speaker 4: They're the traditional custodians off the lands, the waterways and
• 37:15
  Speaker 4: the skies all across Australia. We thank you for sharing
• 37:19
  Speaker 4: and for caring for the land on which we are
• 37:21
  Speaker 4: able to learn. We pay our respects to elders past
• 37:24
  Speaker 4: and present, and we share our friendship and our kindness.
• 37:27
  Speaker 3: The advice shared on She's on the Money is generally
• 37:30
  Speaker 3: nature and does not consider any of your individual circumstances.
• 37:33
  Speaker 3: She's on the Money exists purely for educational purposes and
• 37:36
  Speaker 3: should not be relied upon to make an investment or
• 37:39
  Speaker 3: any financial decision. And we promise that Victoria Divine is
• 37:43
  Speaker 3: an authorized representative of Australia Pacific Funds Management Proprietary Limited
• 37:47
  Speaker 3: ABN three four one three two four six three two
• 37:50
  Speaker 3: five seven AFSL three three nine one five one.
• 37:53
  Speaker 4: See you next week, guys.
• 37:54
  Speaker 1: FAI