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MONEY DIARIES: Generational Change · She's On The Money

0:00
Speaker 1: She's on the Money.
0:02
Speaker 2: She's on the Money. Hello, and welcome to She's on
0:18
Speaker 2: the Money, the podcast for millennials who want financial freedom.
0:21
Speaker 2: My name is Ryan John on here with Victoria Devine.
0:23
Speaker 3: And oh how the tables have turned?
0:25
Speaker 2: Well, you were taking too long with all the dumplings
0:27
Speaker 2: over there, and we just need to get started.
0:29
Speaker 3: I'm not that sorry. I got dumplings and didn't have
0:31
Speaker 3: to do my own intro.
0:32
Speaker 2: Sorry to interrupt, that's no problems. Today is a money
0:35
Speaker 2: Diary episode, it is, and this money diary they emailed
0:38
Speaker 2: through and this is a really impressive story, not because
0:44
Speaker 2: of the mad riches they've got, but I guess of
0:47
Speaker 2: where they started, and it's a really inspiring story. So
0:51
Speaker 2: read this email v okay.
0:53
Speaker 3: She says, a few episodes ago, Victoria said that you
0:57
Speaker 3: guys wanted money stories that aren't about people who have
0:59
Speaker 3: done something incredible. I haven't saved a lot of money.
1:03
Speaker 3: I haven't got a million dollar share portfolio, and I
1:05
Speaker 3: have a salary of sixty thousand dollars. My story isn't impressive,
1:09
Speaker 3: and I'm sure it's not especially uncommon, but I'm really
1:12
Speaker 3: proud of myself. I was born into a single mum household.
1:16
Speaker 3: My dad was never in the picture. A few years later,
1:19
Speaker 3: my sister came along again without a dad. My mum,
1:22
Speaker 3: who wasn't able to work, lived entirely off centling. Our
1:25
Speaker 3: electricity was often cut off, and from the age of four,
1:28
Speaker 3: I would worry about where my next meal would come from.
1:31
Speaker 3: My whole family was poor, but my grandmother had better
1:34
Speaker 3: money habits. She put an incredible amount of time and
1:37
Speaker 3: effort into trying to teach me how and why I
1:40
Speaker 3: should save my money. She told me that if I
1:43
Speaker 3: studied and worked hard, I might even be able to
1:45
Speaker 3: travel one day. I got my first job at fourteen,
1:48
Speaker 3: and I committed myself to being able to go on
1:50
Speaker 3: holidays with my grandmother. I'm now twenty seven and to
1:53
Speaker 3: date we've visited Singapore, Bali, England, Spain, Ireland, Portugal and
1:58
Speaker 3: France together. I worked my butt off in UNI for
2:01
Speaker 3: much of it, supporting myself, often working thirty hours a
2:04
Speaker 3: week while studying full time. I graduated top of my
2:08
Speaker 3: year and was the first person in my family cry
2:11
Speaker 3: I know that's why I.
2:12
Speaker 2: Got you to read it.
2:13
Speaker 4: You're so mean.
2:16
Speaker 2: Oh my god, you are coming. I'm sorry, this is
2:18
Speaker 2: not what I intended our money. Dirist is actually on
2:20
Speaker 2: the line already. Sorry that V's just having a moment
2:23
Speaker 2: with his story. This is special.
2:27
Speaker 3: Despite learning to save, until recently, I was still under
2:30
Speaker 3: the impression that home ownership and shares were for people
2:33
Speaker 3: with much, for people who are much more rich than me.
2:36
Speaker 3: Through years of persuasion, my partner finally convinced me that
2:39
Speaker 3: owning a property was achievable, and two years ago we
2:41
Speaker 3: bought a house here in Perth and she's on the money.
2:44
Speaker 3: Has shown me that I can invest in shares, so
2:46
Speaker 3: I've started dipping my toes into spaceship. Please don't get
2:49
Speaker 3: me wrong. I do have a lot of privilege. I'm white,
2:51
Speaker 3: I'm smart, and I've had my grandmother, without whom I
2:54
Speaker 3: believe my life would look very differently.
2:56
Speaker 4: I'm not set up.
2:57
Speaker 3: To retire with millions to my name, but my money
3:00
Speaker 3: is that I don't think I'll ever have the electricity
3:02
Speaker 3: cut off or have to sell my possessions to afford
3:05
Speaker 3: food like my mum did.
3:07
Speaker 2: Money Diarist, welcome to the show.
3:09
Speaker 4: Sorry, I couldn't real Is it weird?
3:12
Speaker 2: Okay? Is it we're hearing the read your story out?
3:15
Speaker 1: Yes, very very strange, even though I some of it,
3:21
Speaker 1: it doesn't it sounds strange.
3:25
Speaker 2: I've seen you crinchy times, but I've never seen this
3:28
Speaker 2: much liquid come out of your face.
3:30
Speaker 1: That's what I mean. Oh my god.
3:34
Speaker 2: First of all, can I just start by saying, what
3:38
Speaker 2: a legend your grandmother is?
3:40
Speaker 1: Totally so I'll tell her that all the time. Yeah.
3:44
Speaker 2: Great, Where did she get this knowledge from? Like? Where
3:48
Speaker 2: did Like she's obviously taught herself or someone's taught her
3:51
Speaker 2: along the way.
3:52
Speaker 1: Yeah, she taught herself. So when she got married very
3:56
Speaker 1: very young, when she was only eighteen years old. And
4:00
Speaker 1: she comes from a family as well who won't very
4:04
Speaker 1: well off, so she's just very switched on. She started
4:07
Speaker 1: off with bad money habits, but she made mistakes and
4:10
Speaker 1: learned from them, and she's grown into someone who has
4:15
Speaker 1: very good money habits, and I was able to share
4:17
Speaker 1: them with me.
4:18
Speaker 2: Tell me about the pride when you said, Grammar, we're
4:22
Speaker 2: going traveling, just like you said all those years ago,
4:26
Speaker 2: we're doing it like. I got chills when I saw that.
4:29
Speaker 2: What was it like for you?
4:31
Speaker 1: Incredible? When I was quite young, I got my first
4:35
Speaker 1: job because she told me that if I did, we
4:38
Speaker 1: could work together and go to Singapore. So I worked really, really,
4:44
Speaker 1: really hard, and I paid for what I could, and
4:47
Speaker 1: knowing for her, the fact that I was able to
4:50
Speaker 1: cover as much as I could was really exciting. She
4:54
Speaker 1: was able to gain a travel buddy and we've managed
4:57
Speaker 1: to make so many memories together. I wouldn't trade for
5:01
Speaker 1: the world. And I think when I told her that
5:04
Speaker 1: I had the money that I needed to be able
5:06
Speaker 1: to go with her, she definitely peered up. She's so
5:10
Speaker 1: proud of me.
5:11
Speaker 2: Oh so she should be. That's incredible.
5:14
Speaker 4: That is such a cool story.
5:16
Speaker 3: And I think it really got to me because at
5:18
Speaker 3: the end of the day, so many times you read
5:21
Speaker 3: these stories or hear these stories of people who you
5:25
Speaker 3: know have been through such adversity and maybe been put
5:28
Speaker 3: in similar situations, and they kind of just fall into
5:31
Speaker 3: the same habits. And from the sound of it, you've
5:34
Speaker 3: really worked your butt off and you know you're supporting yourself,
5:37
Speaker 3: and you know you've recently purchased a property, and you're
5:39
Speaker 3: the first person in your family to complete tertiary like study,
5:43
Speaker 3: like you're changing the future and the generation that you've
5:46
Speaker 3: come from. And I think that that's just so special,
5:49
Speaker 3: and I think when I started reading your email because
5:52
Speaker 3: it was the first time I saw it. You started
5:56
Speaker 3: with saying you guys wanted money stories that aren't about
5:58
Speaker 3: people have done something incredible, and I was like, oh, okay,
6:01
Speaker 3: Like I don't really know where this is going, but
6:03
Speaker 3: like I would argue that you absolutely have.
6:05
Speaker 4: So you lied to me, like you tricked me.
6:09
Speaker 1: Sorry, I'm going to cry as well.
6:12
Speaker 2: Yeah.
6:13
Speaker 3: No, honestly, it's such a special story. And I think
6:15
Speaker 3: that these are the stories that you know, people often like, oh,
6:18
Speaker 3: we hear from more real people. We want, you know,
6:21
Speaker 3: more money diaries that are more relatable, And while this
6:25
Speaker 3: might not be super relatable, it's so inspiring and it
6:29
Speaker 3: is so impressive to hear your story. And I think
6:32
Speaker 3: people need to remember when you're asking for stories that
6:36
Speaker 3: we get, we're not here scouting them out, like we don't.
6:40
Speaker 3: We absolutely don't put our noses to the ground and
6:42
Speaker 3: beg people for their stories because I don't want those
6:45
Speaker 3: stories to come from there. I want them to come
6:47
Speaker 3: from a community that wants to share, and we only
6:50
Speaker 3: get to share the stories that people are willing to share. Like,
6:52
Speaker 3: if you don't email us and say hey, I'd be
6:55
Speaker 3: really happy to come on, and we are so grateful
6:57
Speaker 3: to have you. But if you don't say you're willing
6:59
Speaker 3: to share that story, like, we can't get it out there,
7:01
Speaker 3: We can't share it with the world, and it deserves
7:04
Speaker 3: to be shared, like that's such an epic story.
7:08
Speaker 4: Thank you.
7:10
Speaker 3: So to get back to the way that the She's
7:12
Speaker 3: on the money money diaries are meant to work, my friend,
7:16
Speaker 3: can we go through the questions that we usually go
7:19
Speaker 3: through and then maybe stor right after we can have
7:21
Speaker 3: another chat to get a little bit more clarity.
7:24
Speaker 1: Amazing?
7:25
Speaker 3: Yeah, all right, let's start with what do you actually
7:28
Speaker 3: do for work, my friend?
7:30
Speaker 1: I work in marketing and public relations in the not
7:33
Speaker 1: for profit sector.
7:35
Speaker 4: Awesome.
7:36
Speaker 3: And how much money do you earn? And how much
7:38
Speaker 3: is sitting in your bank account?
7:39
Speaker 4: Right now?
7:41
Speaker 1: I earn sixty thousand dollars a year plus super and
7:45
Speaker 1: currently I have about five grand sitting in my bank account.
7:48
Speaker 1: So I've just finished furnishing my house.
7:53
Speaker 3: So that's so very exciting though, Yeah, what happens to
7:58
Speaker 3: money once it hits your bank account?
8:00
Speaker 1: So I have a few accounts. I have four accounts
8:02
Speaker 1: because I read a certain very famous book, there's.
8:08
Speaker 4: A competitor coming out sooner.
8:11
Speaker 2: You can mention that.
8:11
Speaker 3: You can mention the you can absolutely mention the book.
8:14
Speaker 2: I like it.
8:15
Speaker 1: Okay, So I read The Barefoot Investa. So I have
8:19
Speaker 1: four different bank accounts. I've also pre ordered, ah, your book.
8:26
Speaker 3: All right, Well here I am about to be like,
8:28
Speaker 3: oh my gosh, we'll send you the book.
8:29
Speaker 4: Have you done the Budget and cash Flow Masterclass?
8:32
Speaker 1: I haven't.
8:32
Speaker 4: Okay, Well now you will. We'll send you that.
8:35
Speaker 1: Thank you.
8:36
Speaker 4: That's okay.
8:37
Speaker 3: Like here, I am thinking I can send books and
8:39
Speaker 3: people like no, we've already got the book, we want
8:43
Speaker 3: the expensive.
8:43
Speaker 1: Fr Well, it was the first time in a while
8:46
Speaker 1: I haven't put twenty four hours between me and my spending.
8:48
Speaker 4: My look, I'm not mad.
8:53
Speaker 3: I'm not going to hold you accountable to that one.
8:54
Speaker 3: In fact, because the book hasn't come out yet, I'm
8:56
Speaker 3: not holding anybody responsible for their financial decisions into the
9:00
Speaker 3: system too.
9:01
Speaker 2: Yeah.
9:03
Speaker 1: So I've got my four accounts that I transfer into
9:07
Speaker 1: as soon as I get paid. One of them is
9:12
Speaker 1: like emergency savings, which I obviously keep and try not
9:16
Speaker 1: to touch unless I really have to. That's always been
9:18
Speaker 1: a non negotiable for me as emergency savings.
9:22
Speaker 3: Yeah, so my next question is how do you currently
9:25
Speaker 3: feel about investing.
9:26
Speaker 4: Do you invest? If so? How so?
9:28
Speaker 1: I didn't invest until very very recently, until you did
9:32
Speaker 1: your investment mini series, which are finally pushed me over
9:35
Speaker 1: the edge to download Spaceship. So I'm currently three hundred
9:42
Speaker 1: dollars in Oh.
9:43
Speaker 4: My gosh, that was so recent.
9:46
Speaker 1: Yeah, I got excited.
9:48
Speaker 4: I love that.
9:49
Speaker 2: I think that the best thing about Spaceship and Raisin
9:52
Speaker 2: those sort of things is you don't need a big
9:54
Speaker 2: amount to start with. So did you feel a bit
9:56
Speaker 2: more comfortable knowing that I can I can just start
9:58
Speaker 2: small and it's fine, and there's no fees and low risk.
10:01
Speaker 2: Did that make it feel a bit easier for you?
10:03
Speaker 1: Definitely. For a really long time, I wanted to invest
10:07
Speaker 1: in Contact or something like that, but the amount that
10:10
Speaker 1: you have to save to get started and to feel
10:14
Speaker 1: like you're getting anywhere is just really intimidating. So I
10:18
Speaker 1: felt like starting with Spaceship is more achievable, and so
10:22
Speaker 1: it might be a better goal for me to meet
10:24
Speaker 1: at the stage of my life.
10:26
Speaker 3: I think what people don't realize is that Spaceship's legit
10:29
Speaker 3: to like, it's fully invested proper portfolios like we're not talking.
10:33
Speaker 3: We're not sponsored by this. By the way, I always
10:35
Speaker 3: feel like I need to preface this because so many
10:37
Speaker 3: people are like, oh, yeah, your sponsorship with Spaceship is
10:39
Speaker 3: what got me on board, and I've literally never been
10:42
Speaker 3: sponsored by them. Yeah, I give them money, but hypothetically.
10:46
Speaker 4: If they wanted to sponsor me, I wouldn't say no.
10:49
Speaker 3: But I think it's really important to understand, like that's
10:51
Speaker 3: a legitimate form of investment, and I like their portfolios,
10:55
Speaker 3: and obviously, you know, as an adviser, not able to
10:57
Speaker 3: recommend them, but you know, if you've looked, didn't you
11:00
Speaker 3: think it's the right fit for you. Like, I'm so
11:02
Speaker 3: excited that you found a product that works for you
11:04
Speaker 3: in your situation.
11:05
Speaker 4: It is actually so great.
11:07
Speaker 1: Yeah, definitely, it's been really working very very well. I
11:10
Speaker 1: really like it, so thank you for making me aware
11:13
Speaker 1: of it.
11:14
Speaker 3: She's an investor, Ryan. So the next question is do
11:18
Speaker 3: you currently have any debts.
11:20
Speaker 1: I have my hex set and my mortgage and that's it.
11:23
Speaker 4: They're good debts though they're debts.
11:26
Speaker 2: Do you consider them good debts?
11:28
Speaker 1: Those debts, Yeah, I'm completely fine with them. I was
11:33
Speaker 1: renting for a really, really long time, so it feels
11:37
Speaker 1: not that renting is dead money, but it feels nice
11:39
Speaker 1: that it's going towards something for myself. Absolutely, and it's
11:42
Speaker 1: money that i'd be spending any way if I were renting.
11:45
Speaker 1: And as for my hex set, that's a huge part
11:48
Speaker 1: of my story and it's a huge cut of who
11:51
Speaker 1: I am. So I'm very proud to have the university degree.
11:55
Speaker 1: So I mean the hextet is a byproduct of that.
11:57
Speaker 3: Yeah, absolutely, And arguably it's going to be the thing
12:00
Speaker 3: that helps you create wealth in the long term with
12:02
Speaker 3: a career that hopefully you love, but also can you know,
12:05
Speaker 3: earn a better career for the longer term.
12:08
Speaker 4: And I really like that.
12:09
Speaker 1: Yeah, it's an investment.
12:11
Speaker 4: Absolutely, it is.
12:12
Speaker 3: My friends, speaking of money habits and investments, what is
12:16
Speaker 3: your best money habit?
12:19
Speaker 1: My best money habit, I would say I tend to
12:23
Speaker 1: be quite good at grocery shopping.
12:26
Speaker 4: So I didn't see that one coming.
12:27
Speaker 3: I thought you was gonna be like, yeah, saving, and
12:29
Speaker 3: I'd be like, yeah, I can see you bought a
12:30
Speaker 3: house and you've got some good money.
12:32
Speaker 4: And you're investing. Tell me about you're grocery shopping.
12:36
Speaker 1: Oh, I'm very stingy when it comes to grocery, tell
12:40
Speaker 1: us your secrets. I love good food, but I also
12:44
Speaker 1: love not spending money, so I'll be very careful. I'll
12:50
Speaker 1: write shopping lists from like the for the recipes that
12:54
Speaker 1: I want to make that week. Then I'll go down
12:56
Speaker 1: to my local aldi and I'll buy everything I can,
12:58
Speaker 1: and i'll supplement at colds or wio worse. And usually
13:03
Speaker 1: for both my partner and our grocery bill comes out
13:06
Speaker 1: about eighty ninety dollars.
13:09
Speaker 4: For you and your partner.
13:10
Speaker 3: And you're like cooking really beautiful meals. Yeah, is it
13:15
Speaker 3: taking it too far to ask what you're eating?
13:18
Speaker 4: And like, you know, what are you if you made
13:20
Speaker 4: a meal planned? Share it?
13:21
Speaker 2: Come on regular?
13:24
Speaker 1: Well, tonight we're making fish tacos. Yeah, we don't buy
13:29
Speaker 1: cheap ingredients, but what we do do is we will
13:33
Speaker 1: make a couple of servings of the meal.
13:36
Speaker 3: Yeah, nobody more fish targos. Is a bad data not
13:39
Speaker 3: one person.
13:40
Speaker 1: Things said, Yeah, no, I take my food very very seriously.
13:49
Speaker 1: Like but but yeah, I have a large collection of cookbooks,
13:52
Speaker 1: and I have all my favorite recipes that are budget
13:55
Speaker 1: conscious marked so I can also rede back to them.
14:00
Speaker 2: Is a week Victoria and I have been out for
14:03
Speaker 2: fish tacos and spent ninety dollars at lunch. And she's
14:06
Speaker 2: pointing to the studio now we were recording, that's full
14:08
Speaker 2: of dumplings. Yeah, okay, I'll get it me.
14:11
Speaker 3: Yeah, like we're not we're not good at food budgeting. Yeah,
14:13
Speaker 3: what's your favorite budget conscious meal?
14:15
Speaker 1: It's a meal called pumpkin Chili coonkhn. It's from a
14:19
Speaker 1: cookbook written by our tailor at Sinners.
14:22
Speaker 2: Sorry by who at Tendale said? Written by R Kelly
14:24
Speaker 2: And no that's not.
14:25
Speaker 1: Taylor at Sinners.
14:26
Speaker 2: The Personal Australia from Adelaide.
14:30
Speaker 4: Yeah, she is absolutely killing it.
14:32
Speaker 1: Yeah.
14:33
Speaker 4: Yeah, her money diary would be pervy.
14:35
Speaker 2: I might want that one your firsts.
14:41
Speaker 3: Is it too much to ask for that recipe so
14:43
Speaker 3: that we can share it in this week's newsletter like
14:45
Speaker 3: our money diarists.
14:47
Speaker 2: True, Yeah, email it to me from you emailed me before.
14:50
Speaker 3: But let's flip the narrative for a second.
14:53
Speaker 4: What is your worst money habit?
14:55
Speaker 1: Oh, my worst money habit in contrast to my grocery shopping,
15:01
Speaker 1: I do like a good brunch, so I have been
15:05
Speaker 1: known Yeah, I have been known to go to a
15:11
Speaker 1: few too many brunches. And spend a little bit too
15:14
Speaker 1: much money. It is a character flaw that I'm working on.
15:19
Speaker 4: It's become a part of our personality.
15:22
Speaker 2: You're in Perth money diarists. What area is your go
15:26
Speaker 2: to for brunch?
15:27
Speaker 1: I live in Rockingham and anyone who lives in this
15:31
Speaker 1: area will probably not a cafe named Brother of mine.
15:34
Speaker 1: It's in dal divers It's only like two years old,
15:37
Speaker 1: but it's super trendy and really cool, and it's in
15:40
Speaker 1: the middle of the suburbs. But it's really really cool.
15:45
Speaker 3: Brother being used in cafe names because one of my
15:48
Speaker 3: favorite cafes is my other Brother in Cambellou.
15:52
Speaker 2: The cafe downstairs from the studio. He is called the
15:53
Speaker 2: Stubborn Cousin.
15:55
Speaker 1: Oh okay, it's the family members attack.
15:59
Speaker 4: I like, let's move on.
16:01
Speaker 3: I would love to note what is your big money
16:04
Speaker 3: goal at the moment? What are you really working towards?
16:06
Speaker 1: My big money goal is probably working on my share portfolio.
16:12
Speaker 1: I want to expand that to I really love owning property,
16:17
Speaker 1: but the property that we do own, it's a cheaper block,
16:23
Speaker 1: which I wanted because it means that I can still
16:26
Speaker 1: travel without having to stress about money. But to make
16:30
Speaker 1: up for that, I would like a bigger share portfolio.
16:32
Speaker 1: So my main goal right now is expanding my share
16:35
Speaker 1: portfolio and paying down my mortgage as quickly as possible
16:38
Speaker 1: so I can achieve financial freedom.
16:41
Speaker 3: Ah, she's a woman after my own heart.
16:43
Speaker 4: I wonder if I cried. I'm so embarrassed I cried.
16:46
Speaker 3: It is so like usually that happens in my computer
16:49
Speaker 3: because I read the email by myself, and then I
16:51
Speaker 3: go and I'm like, yeah, I've read your email.
16:52
Speaker 4: I'm all good. I definitely was an emotional about.
16:55
Speaker 2: This, all right.
16:56
Speaker 3: If I forced you to give yourself a grade, what
16:59
Speaker 3: we did, you grade your money habits.
17:02
Speaker 1: I would say that I have experienced a little bit
17:06
Speaker 1: of lifestyle creep recently. So with that in mind, I'm
17:09
Speaker 1: probably going to go with a B.
17:12
Speaker 4: A B yeah, No, you have more than a B.
17:16
Speaker 3: Really, yeah, from your story. And I'm not meant to
17:19
Speaker 3: argue with money diarists. That's one thing that I always
17:21
Speaker 3: say I won't do. But given your story and the
17:24
Speaker 3: fact that not only are you twenty seven, you now
17:26
Speaker 3: have a mortgage, you've bought a house, you've saved, you've
17:29
Speaker 3: gone to UNI, you have a killer job, and you
17:31
Speaker 3: have a share portfolio like, please please, you're at least
17:36
Speaker 3: a B mineus No, but I genuinely would have assumed
17:41
Speaker 3: that you would have thought a little bit more of it.
17:43
Speaker 4: But why do you raided yourself a B?
17:46
Speaker 1: I guess mostly because I graduated three years ago and
17:51
Speaker 1: I've had to keep lifestyle creep front of mine ever since.
17:54
Speaker 1: Because I do tend to get a little bit excited
17:56
Speaker 1: from time to time, so I like having hobbies, and
17:59
Speaker 1: hobbies can be expensive. I guess I have managed to
18:03
Speaker 1: keep myself in check most of the time, so maybe
18:07
Speaker 1: I am being a bit hard. Maybe I'll go with
18:09
Speaker 1: an A minus.
18:10
Speaker 3: I like that that absolutely feels like a glow up
18:12
Speaker 3: to me and when I can definitely get behind, but
18:15
Speaker 3: hang with us for a hot minute, because we'll be
18:17
Speaker 3: back right after this break.
18:27
Speaker 2: All right, So money dirests generational change doesn't roll off
18:31
Speaker 2: the tongue, but it's very meaningful though. Thanks for answering
18:34
Speaker 2: our questions and sharing your story, no problem. So my
18:38
Speaker 2: first question is that you kind of mentioned that our
18:43
Speaker 2: I thought property and shares was for inaverted commas rich people.
18:48
Speaker 2: You know, people who aren't like me, aren't like us.
18:51
Speaker 2: Now that you do have some shares in spaceship and
18:53
Speaker 2: you own a property. What's your thoughts on that kind
18:56
Speaker 2: of inverted commas rich people kind of vibe. Is that
18:59
Speaker 2: like a self defeating thought that isn't real? Or what's
19:03
Speaker 2: your thought looking back on that?
19:05
Speaker 1: I have to I said, I do live Ausilia, so
19:10
Speaker 1: I think property is a little bit more achievable here.
19:14
Speaker 1: But I would say that it wasn't real. It was
19:18
Speaker 1: never real. I think where that thought comes from it
19:24
Speaker 1: is a lack of education in the area. I never
19:28
Speaker 1: realized that you didn't have to have tens of thousands
19:32
Speaker 1: of dollars to your name to create a share portfolio.
19:36
Speaker 1: And in my head it was always a landlords versus
19:41
Speaker 1: the renters. It never even occurred to me that you
19:46
Speaker 1: can move up classes. I guess if you will and
19:51
Speaker 1: achieve these things for yourself. So it was never real. Uh,
19:55
Speaker 1: it was just an attitude.
19:58
Speaker 2: I guess, yeah, absolutely, And then I guess sort of
20:02
Speaker 2: a similar question on attitude. One of the first things
20:05
Speaker 2: that v Ever said to me when I started working
20:08
Speaker 2: here was and sorry if I've said this a million times,
20:11
Speaker 2: V said, it's not that these people.
20:13
Speaker 4: I'm just wondering what the hell I said to you.
20:16
Speaker 2: We said, it's not that our community's not smart, it's
20:19
Speaker 2: just that no one ever taught them. So V meets
20:22
Speaker 2: so many smart people, doctors, lawyers, who come in and
20:25
Speaker 2: they're like, I don't have no idea what to do
20:26
Speaker 2: with my money because no one ever told me what
20:28
Speaker 2: to do. So what's your thoughts on that? Because you know,
20:31
Speaker 2: you could have grown up quite easily without this financial education.
20:36
Speaker 2: Then your grandmother comes in and she teaches you all
20:38
Speaker 2: this stuff, So what's your thoughts on the power of
20:41
Speaker 2: you know, you're obviously quite smart, how different your life
20:43
Speaker 2: could have been if no one just actually taught you
20:45
Speaker 2: these simple things.
20:47
Speaker 1: If I had never believed that I could change my life,
20:51
Speaker 1: I would have stayed on the path that I was
20:54
Speaker 1: born into. Unless because my grandmother told me that I
20:59
Speaker 1: didn't have to live the rest of the way that
21:01
Speaker 1: I was born. It meant that I knew that was possible,
21:05
Speaker 1: and I was able to make it happen for myself.
21:07
Speaker 1: I think what you guys do is essential and incredible
21:13
Speaker 1: because not everyone has a grandmother like I have, and
21:18
Speaker 1: the fact that you're able to educate people on the
21:20
Speaker 1: fact that they can change their stars is it's priceless
21:27
Speaker 1: because some people won't hear that from a family member,
21:31
Speaker 1: and some people don't have family members who know that,
21:33
Speaker 1: because some people have been stuck in this cycle their
21:36
Speaker 1: generations and generations. So I think with education, and I
21:41
Speaker 1: think by telling people that they can change things for themselves,
21:45
Speaker 1: you'll see more of people changing their lives to the better.
21:50
Speaker 4: I really love that.
21:50
Speaker 3: And one of my favorite quotes is I don't know
21:52
Speaker 3: where it comes from, but it is she believed she could,
21:55
Speaker 3: so she did. And I think that that is so
21:58
Speaker 3: powerful because before you say, it's like, if I hadn't
22:01
Speaker 3: believed that I could, it never would have happened. And
22:03
Speaker 3: then you said, you know, obviously your grandmother was foundational
22:06
Speaker 3: in that. And I love that. I really really love that.
22:09
Speaker 3: But what about those people listening to this money diary
22:12
Speaker 3: who don't have that hype woman? What about people who
22:15
Speaker 3: don't have that person in their lives who believes in them?
22:19
Speaker 3: Where can they find that?
22:20
Speaker 1: I think for the people who don't have that person
22:23
Speaker 1: in their lives, the main thing my grandmother taught me
22:26
Speaker 1: is that I can if I want to. So the
22:29
Speaker 1: main thing that people who don't have that sort of
22:32
Speaker 1: person in their lives need to know is that they
22:34
Speaker 1: have that power. And it might be really hard at times,
22:38
Speaker 1: and your family members might not always understand or agree.
22:43
Speaker 1: They might question you, they might think that your values
22:47
Speaker 1: lie in the wrong places. But you can make that
22:50
Speaker 1: change to yourself. You just really need to work at it,
22:53
Speaker 1: and you really need to surround yourself with the right
22:56
Speaker 1: people who support you in that.
22:58
Speaker 2: And just to add to the answer there v you
23:02
Speaker 2: said where it can people get that? If you're looking
23:04
Speaker 2: for someone like that in your life, let Today's money
23:06
Speaker 2: dire be that person. Yeah. I love that you've seen
23:09
Speaker 2: how it's done. You've seen where this person started, and
23:12
Speaker 2: you see where they are now. So even if they're
23:15
Speaker 2: not necessarily really close to you, you know geographically, you've
23:18
Speaker 2: just heard it's possible. There, you just heard it.
23:21
Speaker 4: I love that. I love that.
23:22
Speaker 3: That's absolutely so true. And I think it's kind of
23:25
Speaker 3: like our community is your inspiration. You don't need one
23:28
Speaker 3: person to step up and directly say it, like you
23:31
Speaker 3: can say it to yourself and that should be more
23:33
Speaker 3: than enough. But what would you say to people who
23:36
Speaker 3: were in your situation? So obviously you've you've changed before
23:40
Speaker 3: you said you've changed your stars and I really liked that.
23:43
Speaker 3: But what would you say to those you know, to
23:45
Speaker 3: the single moms that have the daughter that they're really
23:48
Speaker 3: stressed about bringing up and you know they're struggling week
23:51
Speaker 3: to week like you've turned out incredibly like, what would
23:54
Speaker 3: you say to those mums?
23:55
Speaker 1: I want to start off by saying to those moms
23:58
Speaker 1: that your children won't blame you. I think my mom
24:02
Speaker 1: was always very afraid that I would blame her for
24:05
Speaker 1: being born into that situation. But I have nothing but
24:07
Speaker 1: respect for my mom. She may not have taught me
24:10
Speaker 1: good money habits necessarily, but she made me who I am,
24:12
Speaker 1: and that's really really special. So please never think that
24:16
Speaker 1: your child will will resent you for what they're born into.
24:20
Speaker 1: It'll be hard at times. Sometimes they might wish that
24:22
Speaker 1: they can go on the school excursion or something like that,
24:26
Speaker 1: but they'll they'll grow up and they won't blame you.
24:29
Speaker 1: I think an important thing for single parents and parents
24:32
Speaker 1: who are stuck in really tricky situations to do is
24:36
Speaker 1: understand that you don't need to have a lot of
24:38
Speaker 1: money to teach good money habits. My grandmother didn't have
24:41
Speaker 1: a lot of money. She saved for six months to
24:43
Speaker 1: sly me over from Queensland to Western Australia when I
24:47
Speaker 1: was very very young. Six months she saved. You really
24:50
Speaker 1: don't have it art me to have a lot of money.
24:52
Speaker 1: You just need to have the education and the belief
24:58
Speaker 1: that things can change and you can learn together with
25:02
Speaker 1: your child, make them a part of that story.
25:06
Speaker 4: I could not love that anymore.
25:08
Speaker 3: And I think that that's a really special place to
25:10
Speaker 3: actually leave this money Diary because I think that that's that's.
25:14
Speaker 2: More than enough, more worked out.
25:15
Speaker 3: Yeah, I love this stuff, Like obviously that's why she's
25:20
Speaker 3: on the money exists, but I genuinely love this stuff.
25:23
Speaker 3: So thank you so much for sharing your money diary
25:25
Speaker 3: with us today. So many people are going to listen
25:28
Speaker 3: to that, and it is so much more than something
25:31
Speaker 3: not incredible.
25:32
Speaker 4: Like you said at the start, you tricked us all.
25:36
Speaker 1: Thank you so much. It's been an absolute pleasure, what.
25:39
Speaker 2: An absolute legend.
25:41
Speaker 3: I adored that money Diary.
25:43
Speaker 4: I want to hear more stories like that.
25:45
Speaker 2: I want to.
25:45
Speaker 3: Share stories where they're super inspiring but also really realistic.
25:51
Speaker 1: All right.
25:51
Speaker 2: On Wednesday, Victoria Devine and Georgia King are fired up
25:56
Speaker 2: for our Wednesday Deep Dive episode.
25:58
Speaker 3: We Are We Are actually all fired up for it,
26:01
Speaker 3: Like we pretty much yelled and rioted in the studio
26:04
Speaker 3: over that episode.
26:05
Speaker 2: Yep, it's a bit of a bit of trauma, bit
26:08
Speaker 2: of energy in the office as well. There was all right,
26:11
Speaker 2: that's on Wednesday. But to finish up today V.
26:13
Speaker 3: But before we head off, we'd like to acknowledge and
26:15
Speaker 3: pay respect to Australia's Aboriginal and Torres Strait islander peoples,
26:18
Speaker 3: the traditional custodians of the lands, waterways and the skies
26:22
Speaker 3: all across Australia. We thank you for sharing and for
26:25
Speaker 3: caring on the land which we are able to learn.
26:28
Speaker 3: We pay our respects to elders past and present, and
26:31
Speaker 3: we share our friendship and our kindness. Now, the advice
26:34
Speaker 3: shared on She's on the Money is general in nature
26:37
Speaker 3: and it does not consider your individual circumstances. She's on
26:40
Speaker 3: the Money exists purely for educational purposes and should not
26:43
Speaker 3: be relied upon to make an investment or a financial decision.
26:46
Speaker 3: And we do promise I am actually an authorized representative
26:50
Speaker 3: of Australia Pacific Funds Management Proprietary Limited ABN three four
26:53
Speaker 3: one three two four six three two five seven AFOSL
26:57
Speaker 3: three three nine one five one, And as always, thank
27:01
Speaker 3: you to our producer legend Ryan for pulling together today's episode.
27:06
Speaker 3: And I heard that there is a sneaky shout out
27:08
Speaker 3: for one of his friends called Sam.
27:10
Speaker 2: Sam Blacker also helped on today's episode. And if you
27:14
Speaker 2: want to be a part of money Dory and you've
27:16
Speaker 2: got a story that you want to share v and
27:18
Speaker 2: I can't stress enough a lot of people like, oh no,
27:21
Speaker 2: mine's not a great story. We actually want a diverse
27:23
Speaker 2: range of stories, so don't feel like your story doesn't fit.
27:26
Speaker 2: That's actually what we want. We're trying hard to find
27:29
Speaker 2: some different stories. So my email address is Ryan dot
27:32
Speaker 2: John at She's on the Money dot com dot au,
27:34
Speaker 2: blow up my inbox his DM share a story and
27:39
Speaker 2: we'd love to get you on as well. Of course,
27:41
Speaker 2: hit up She's on the Money on Instagram or become
27:43
Speaker 2: one of the one hundred and fifty thousand people in
27:47
Speaker 2: the Facebook group as well where people are sharing their stories.
27:50
Speaker 2: Thanks for listening, Chat to you soon, See you next week, guys.