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We Get Really Pervy About How This 25-Year-Old Built a $100K Investment Portfolio · She's On The Money

0:00
Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
0:04
Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
0:14
Speaker 1: of which this podcast is recorded on a wondery country,
0:18
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
0:22
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it.
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Speaker 3: She's on the Money. She's on the Money.
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Speaker 4: Hello, and welcome to She's on the Money the podcast
1:00
Speaker 4: let's you be pervy about other people's money habits for
1:03
Speaker 4: educational purposes of course. Welcome back to another one of
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Speaker 4: our money diaries where we get to talk with one
1:08
Speaker 4: of our incredible She's on the Money community members all
1:11
Speaker 4: about their journey. Let's jump straight into it, because this
1:14
Speaker 4: week I got a message and it sounded exactly like this,
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Speaker 4: Dear She's on the Money. When my parents divorced, I
1:20
Speaker 4: learnt one thing. I never want to find myself in
1:23
Speaker 4: their financial position. From that moment, I've worked tirelessly to
1:28
Speaker 4: build a life of independence and security. To reach my goals,
1:31
Speaker 4: I've juggled multiple jobs, from rearing cows on my family
1:35
Speaker 4: farm to nannying and tutoring the common thread. Almost every
1:39
Speaker 4: opportunity I've had, even my current job, has come from
1:42
Speaker 4: the relationships I've filed along the way. At twenty five,
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Speaker 4: I've reached one hundred thousand dollars in shares, and I'm
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Speaker 4: now planning to buy and rent Best my first property.
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Speaker 4: If my journey has taught me anything it's the power
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Speaker 4: of strong connections and the doors that they can open money. Darist,
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Speaker 4: this sounds so pervy, so interesting, like it's a real
2:05
Speaker 4: story of like it's not what you know it too, you.
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Speaker 2: Know absolutely yep. Every step of the way can attest
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Speaker 2: to that one.
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Speaker 4: Oh, I can't wait to learn more about this. I
2:13
Speaker 4: feel like you're going to tell me a lot about
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Speaker 4: how to win friends and influence people. But before we
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Speaker 4: get there, what grade would you give your money habits
2:20
Speaker 4: if I asked you to give them a grade from
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Speaker 4: A through to F.
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Speaker 2: Probably a B plus to a minus at the moment,
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Speaker 2: always room to improve there.
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Speaker 4: So okay, I want to know more about that. But
2:30
Speaker 4: before we get there, my favorite question of all time,
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Speaker 4: money darist, can you share a little bit more about
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Speaker 4: your money story.
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Speaker 2: So I grew up on a farm, which you got
2:40
Speaker 2: that from the intro in there. I did pick up
2:43
Speaker 2: that vibe and got my first job while in high
2:47
Speaker 2: school as soon as I could, and that was I guess.
2:50
Speaker 2: In my time in high school, it was very much
2:52
Speaker 2: to save for your first car, and that was the
2:55
Speaker 2: first savings goal on the list. I guess. I had
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Speaker 2: a lot of different jobs in a high school. I
3:01
Speaker 2: worked at the local bakery. I waitressed on weekends. In
3:05
Speaker 2: all of the sport that I was playing as well,
3:07
Speaker 2: I was umpiring and doing things like that as well.
3:10
Speaker 2: And then on the farm, if we had a potty
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Speaker 2: lamb or a potty calf that had lost their mum,
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Speaker 2: we were allowed to feed at morning and night and
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Speaker 2: we would reap the money from when we'd sell those
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Speaker 2: calves or lambs on so it was a great little
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Speaker 2: cash grab, I guess.
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Speaker 4: Oh my gosh, my mum used to do that growing up.
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Speaker 4: Because my mum grew up on a farm. She used
3:31
Speaker 4: to do the same thing, like if you reared the
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Speaker 4: animal that became kind of your responsibility, and then when
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Speaker 4: you sold it, that was your profit. Did you say
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Speaker 4: a potty lamb? What does that mean? Specific I feel
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Speaker 4: like I've picked up the vibe, but I don't know
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Speaker 4: what that means.
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Speaker 2: So they're like your little pet lamb. I guess that
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Speaker 2: have lost their mum or mom couldn't take on twins
3:49
Speaker 2: or triplets, so we'd take one off of her to
3:51
Speaker 2: give them the better shot at life, I guess. But
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Speaker 2: it was a great little after school evening activity until
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Speaker 2: it started raining and you didn't really to go out
4:00
Speaker 2: the back, but you were their care.
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Speaker 4: Did you have a couple of siblings growing up.
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Speaker 2: Yes, I've got two younger brothers, so they were all
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Speaker 2: in on that as well.
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Speaker 4: And did you like have little arguments over who gets
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Speaker 4: the next one?
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Speaker 2: We had designated jobs per se, so it kind of
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Speaker 2: like rotated in threes as to who got the next
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Speaker 2: one or who had the time at that time.
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Speaker 4: Yeah, yeah, because I would have been like, no, I
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Speaker 4: want all the sheepies, like I want all of them,
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Speaker 4: thank you. I love that.
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Speaker 2: And then one sibling had took so the took egg
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Speaker 2: money that we used to give to friends and family
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Speaker 2: used to go to them, so we kind of divvy
4:31
Speaker 2: other up easy enough.
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Speaker 4: That's really cute. So tell me what happened as you
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Speaker 4: got a bit older.
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Speaker 2: So as I got a little bit older, I had
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Speaker 2: a gap year before starting UNI, and right before I
4:42
Speaker 2: went to UNI, moved four hours away from home. My
4:45
Speaker 2: parents separated. So I have a pretty clear, I guess
4:48
Speaker 2: time between childhood and adulthood. And that was real smack
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Speaker 2: in the face for adulthood for me. And while they've
4:55
Speaker 2: been super financially supportive along the way, I think the
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Speaker 2: lessons underlying that for me was how do I not
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Speaker 2: find myself in a situation that stresses me out like that?
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Speaker 2: And ever since then, it's been very much how do
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Speaker 2: I safeguard and protect myself and find my own independence,
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Speaker 2: which is what I very much formed a basis of
5:13
Speaker 2: through UNI.
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Speaker 4: And I feel like that is something that a lot
5:15
Speaker 4: of people in our community are going to resonate with.
5:18
Speaker 4: What you would have been in your late teens when
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Speaker 4: your parents decided to divorce. Tell me a bit more
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Speaker 4: about that. Was that something that you were like, oh,
5:25
Speaker 4: we could see it coming a mile off, or was
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Speaker 4: it a surprise or like, I'm just so pervy, like
5:30
Speaker 4: you're anonymous, so I get to ask these things like
5:32
Speaker 4: you'd never sit with your friends at brunch and be like,
5:34
Speaker 4: oh my god, friend, tell me why are your parents divorced? Though?
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Speaker 4: Like rude, But I get to be a little bit
5:39
Speaker 4: rude because it does form your money story, right, absolutely. Yeah.
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Speaker 2: So I was nineteen and it was exactly two weeks
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Speaker 2: before I moved to our major city. I didn't see
5:51
Speaker 2: it coming, but there was probably signs that it was there.
5:56
Speaker 2: But I had just finished my gap year. I was
6:00
Speaker 2: working fully through summer in a coastal town, so I
6:03
Speaker 2: wasn't seeing them all the time, and the way they
6:05
Speaker 2: were interacting in those like I guess four weeks leading
6:09
Speaker 2: up to when I was told, So I felt like
6:12
Speaker 2: I was kind of out of the loop a little bit.
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Speaker 2: But maybe there were some factors that I didn't see
6:17
Speaker 2: or considered them to be a bit different, or maybe
6:20
Speaker 2: that's normal that weren't normal.
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Speaker 4: Oh, you just don't know what you don't know. And like,
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Speaker 4: I don't think anyone goes through their life being like
6:25
Speaker 4: I wonder how mum and dad's relationship is unless it's
6:28
Speaker 4: like super tumultuous or something. So when you found out.
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Speaker 4: What did that look like? Was it immediate? And I'm
6:36
Speaker 4: more talking about, like, I guess the financial side of things.
6:39
Speaker 4: Did one of them move out and then have to rent? Like,
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Speaker 4: tell me about that, I guess financial journey.
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Speaker 2: So living on the farm that was obviously our primary residence.
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Speaker 2: We had a beach house in one of the coastal towns,
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Speaker 2: so mum moved basically permanently down there.
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Speaker 4: That's so lucky that you had that.
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Speaker 2: Yeah, she didn't come back from holidays essentially is a
6:57
Speaker 2: way that I saw it at that time. And yeah,
7:01
Speaker 2: it was pretty quick, like siblings went back to school.
7:04
Speaker 2: I obviously moved to Uni. I was packing my whole
7:08
Speaker 2: life up with one parent at home. And it wasn't
7:10
Speaker 2: that like wholesome I guess picture that I had put
7:14
Speaker 2: in my head about my parents moving me to my
7:16
Speaker 2: major city and I was like doing my own thing
7:18
Speaker 2: now and it would be everyone joining in and being
7:21
Speaker 2: happy for me. It was very much like one parent
7:24
Speaker 2: helped me move, the other one was very supportive from
7:26
Speaker 2: the benches. And it was from then on I was like, oh, wow,
7:29
Speaker 2: life is going to look a little bit different from
7:31
Speaker 2: then on. But I would say, well, it's been six
7:34
Speaker 2: years now, so like we're very much better for it,
7:37
Speaker 2: like a really good good time now.
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Speaker 4: Yeah good? But what did that mean? I guess when
7:41
Speaker 4: it comes to money, because you obviously saw that situation
7:45
Speaker 4: you know, happen and unfold, and you said, I never
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Speaker 4: want to find myself in their financial position. What do
7:50
Speaker 4: you mean by that? Because like this situation that I
7:53
Speaker 4: have painted in my head right now only because like
7:55
Speaker 4: I don't know you, this is just from what you've shared.
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Speaker 4: You're like Dad had the farm, were lucky, we had
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Speaker 4: a beach house, Mum moved there, and I go, that
8:03
Speaker 4: seems pretty clean, but I know deep down it's not
8:06
Speaker 4: because of the way that you've written it. So tell me, like,
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Speaker 4: what does that mean? Why wouldn't you want to be
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Speaker 4: in their financial position? Because like, if I'm divorcing someone
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Speaker 4: and I've got a separate house, that sounds pretty slay.
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Speaker 4: Not gonna lie.
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Speaker 2: Yeah, I think the position I don't want to find
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Speaker 2: myself in is like fighting over money or the money
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Speaker 2: that I have been taken away from me. Per Se.
8:27
Speaker 2: I found during that time, in terms of how good
8:31
Speaker 2: divorces can be, it was pretty amicable, but it kind
8:34
Speaker 2: of felt like it put a strain on my relationship
8:37
Speaker 2: with my parents and the farm as well. So obviously
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Speaker 2: got one house i'd stayed in his and has a farm,
8:43
Speaker 2: but it was I guess the assets under his name
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Speaker 2: that got taken from him. Mums who obviously has to
8:49
Speaker 2: work and things like that. But yeah, that time just
8:52
Speaker 2: taught me that I never want to, I guess, get
8:54
Speaker 2: to a position of a divorce and want everything that
8:57
Speaker 2: someone else has. I want to build it for myself.
8:59
Speaker 2: I want to safeguard anyone else against that and be
9:02
Speaker 2: quite independent. And that's where a lot of I guess
9:05
Speaker 2: my attitudes and passion for this has now come from.
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Speaker 2: Is I never want to be like my mum and
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Speaker 2: have to take everything or most of it to live
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Speaker 2: and to.
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Speaker 4: Set yourself up. Yeah, and I guess that I'm just
9:16
Speaker 4: going to go back and I'm going to assume some
9:18
Speaker 4: stereotypes here, and I would love for you to correct me,
9:21
Speaker 4: but I'm assuming farming was your dad's thing, and I'm
9:24
Speaker 4: just going based off like literally my grandparents, right, farming
9:28
Speaker 4: was their thing, but it was like mainly Pop running
9:30
Speaker 4: the farm, and Nana did the books and kind of
9:32
Speaker 4: supported him to do his things. So I'm assuming that
9:35
Speaker 4: when you have a farm, that might be the way
9:37
Speaker 4: it worked. So can I assume that your mum wasn't
9:40
Speaker 4: able to foster a career to be as successful or like,
9:44
Speaker 4: tell me a bit more about how that kind of
9:46
Speaker 4: falls out.
9:47
Speaker 2: Yeah, she had a business until my younger siblings were born,
9:51
Speaker 2: and then she couldn't do that full time, so was
9:53
Speaker 2: caring for us and was able to because of our
9:56
Speaker 2: financial situation. She went back to work, probably to full
10:01
Speaker 2: time almost as we were kids growing up, because we
10:03
Speaker 2: obviously didn't depend on her as much. But I think
10:07
Speaker 2: some of her financial habits put a strain on their
10:10
Speaker 2: relationship and her I guess spending might not have been
10:13
Speaker 2: covered by her own her own work, but it kind
10:17
Speaker 2: of put a strain on the money coming in versus
10:20
Speaker 2: money going out, and I feel like I'm not getting
10:22
Speaker 2: this or not getting that, And I think that's where
10:25
Speaker 2: a lot of the conflict came from. Whether we saw
10:28
Speaker 2: that or not. We never went without. We would definitely
10:31
Speaker 2: have middle class family and had everything we needed, but
10:34
Speaker 2: perhaps there was some assumptions that there was more money
10:37
Speaker 2: there than what there was, and that did cause a
10:40
Speaker 2: little bit of conflict on their spending and how they
10:43
Speaker 2: managed money together.
10:44
Speaker 4: Yeah, totally. And do you feel that I'm picking up
10:47
Speaker 4: that money was a very big motivating factor as to
10:49
Speaker 4: why they might have decided that divorce was the best option.
10:53
Speaker 2: Yeah, and maybe just not on the same page about it,
10:55
Speaker 2: which I'm so aware of now going into relationships and
10:59
Speaker 2: friendships and things like that. And obviously money even six
11:03
Speaker 2: seven years ago wasn't spoken about as much. There's a
11:06
Speaker 2: lot of financial stresses on farms. You know, seasons come
11:09
Speaker 2: and go. We might have been in a really positive,
11:12
Speaker 2: great position and spending could have been a bit more
11:16
Speaker 2: leaning and flexible, and then other times you've really got
11:19
Speaker 2: to rein it in and that can be a lot
11:20
Speaker 2: on people when you're not used to those differences in
11:23
Speaker 2: cash flow.
11:24
Speaker 4: Yeah, one hundred percent. I don't know. This is why
11:26
Speaker 4: I love money, diar Is. I get to be a
11:27
Speaker 4: little bit pervy about like, oh, how did that impact you?
11:29
Speaker 4: What did that look like? Because in farming it does
11:33
Speaker 4: eb and flow, like you can have a bad season
11:35
Speaker 4: or like I remember, I've had friends who've had hate
11:38
Speaker 4: completely saturated and had to throw it out and it
11:41
Speaker 4: was like literally like fifty grand of their income that
11:44
Speaker 4: year and just it can be heartbreaking, but I can
11:47
Speaker 4: imagine that puts significant stress on a relationship, especially if
11:51
Speaker 4: you're not on the same page. Need to ask are
11:53
Speaker 4: you single or if you've got a partner.
11:55
Speaker 2: I do have a partner.
11:57
Speaker 4: Oh, and has that really guided the conversations you're having
12:02
Speaker 4: with them around?
12:03
Speaker 1: Like?
12:03
Speaker 4: Okay, cool? Like this is how I deal with money?
12:05
Speaker 4: What are you thinking?
12:05
Speaker 1: Like?
12:05
Speaker 4: Are we having money conversations from the get go?
12:08
Speaker 2: Absolutely, We've been together for quite some time. He's also
12:11
Speaker 2: from the same country town as me and a farming
12:14
Speaker 2: family as well.
12:15
Speaker 4: So oh he gets it.
12:16
Speaker 2: Yeah, seeing I guess how I've treated my money and
12:21
Speaker 2: gained a lot of independence throughout UNI. He's been so
12:24
Speaker 2: supportive and guiding. We obviously have different ways that we
12:27
Speaker 2: work on that, I guess, but it works fast and
12:30
Speaker 2: we're very much on the same page with that.
12:32
Speaker 4: I adore that. All right, I'm going to move away
12:34
Speaker 4: from this topic. I'm still not going to get into
12:36
Speaker 4: my questions yet because I'm just have some other stuff
12:39
Speaker 4: I want to talk about before then I need to
12:41
Speaker 4: ask you have said all right, I want to do this.
12:44
Speaker 4: I've been through this experience. We've talked about it, but
12:47
Speaker 4: you said, to reach my goals, I've juggled multiple jobs
12:50
Speaker 4: like you've done obviously rearing the cows, and then you've
12:53
Speaker 4: done nannying and tutoring, which I think is pretty straight forward.
12:55
Speaker 4: But the cool thing is you said, almost every opportunity,
13:00
Speaker 4: including the current job you have, has come from the
13:02
Speaker 4: relationships you've built along the way. What do you mean,
13:05
Speaker 4: how did that work? Like obviously rearing the couse, we
13:08
Speaker 4: know that came from your parents owning farm, great, fantastic,
13:11
Speaker 4: But like nannying, tutoring your current job. Tell me how
13:14
Speaker 4: you essentially talk your way into these things.
13:18
Speaker 2: So I took a gap year between high school and UNI,
13:22
Speaker 2: and I was a front office receptionist out of school.
13:26
Speaker 2: So I went through all of the right I guess
13:28
Speaker 2: checks and education levels, first aid training and all of
13:30
Speaker 2: that that year, and that carries on for about twelve
13:33
Speaker 2: months to two years. I think some of the things
13:36
Speaker 2: I started UNI quite a clean slate. I didn't quite
13:39
Speaker 2: have a job when I moved yet, but I found
13:43
Speaker 2: a nannying platform and applied through there, and someone on
13:46
Speaker 2: the other end reading my application was riding up my
13:50
Speaker 2: profile to start, I guess gaining babysitting work, and she
13:54
Speaker 2: reached out to me and said, I don't want to
13:55
Speaker 2: put your profile up. I'd love to have you look
13:58
Speaker 2: after my family.
13:58
Speaker 4: Oh my gosh, that's so cute. You must have had
14:00
Speaker 4: a great profile. She would get to see them all
14:03
Speaker 4: and then she's like, oh this girl I'm in yeah.
14:06
Speaker 2: Yeah. So she didn't interview me, but she was the
14:08
Speaker 2: one that profiled me, and she was like, can I
14:09
Speaker 2: grab you first? And I was like, well, it's.
14:11
Speaker 4: What I wanted anyway, Like I wanted a job and
14:14
Speaker 4: you're saying you've got one.
14:15
Speaker 2: Absolutely, So they were number one. And they're still a
14:18
Speaker 2: really close family of mine now six years later. And
14:22
Speaker 2: then now I tutor their kids instead of babysitting them.
14:24
Speaker 2: But that was step number one. The dad in that
14:27
Speaker 2: family is one of my personal contacts as a referee
14:30
Speaker 2: for a lot of the jobs I applied for.
14:32
Speaker 4: Oh that's so sweet. Yeah yeah, yeah yeah.
14:35
Speaker 2: And those sorts of things really do help someone finding
14:38
Speaker 2: their feet in a new city and being so young
14:40
Speaker 2: and new contacts, and that has led onto other babysitting
14:44
Speaker 2: work through just referrals. So I didn't actually have to
14:47
Speaker 2: use the agency for too long after that, I had
14:51
Speaker 2: already rounded up enough work that I needed to outsource
14:55
Speaker 2: to other people already. Yeah, so that got me into
14:58
Speaker 2: more babysitting in Tutor. But my most recent babysitting family
15:03
Speaker 2: they live down the road and they have family in
15:05
Speaker 2: England and that's actually allowed me to travel with them
15:09
Speaker 2: overseas on different holidays and things like that as well.
15:13
Speaker 4: Yes please, how does that work? So what they just go, hello,
15:17
Speaker 4: money diarist, We're going on this very fancy family holiday
15:21
Speaker 4: and we would like you to come.
15:23
Speaker 5: Yeah.
15:23
Speaker 2: So when I was in my full time job and
15:25
Speaker 2: they said, oh, we've got you know, three kids, one's
15:27
Speaker 2: going to be six weeks old on their first flight,
15:29
Speaker 2: and we think three kids to three adults sounds better
15:32
Speaker 2: than three kids to two adults. Would you like to join?
15:35
Speaker 2: So I took three weeks of leave and said, yeah,
15:38
Speaker 2: happily support and come see England in a different light.
15:42
Speaker 4: Oh that's actually the coolest thing ever. And I mean,
15:45
Speaker 4: what a privilege to be able to travel with that
15:47
Speaker 4: family because they trust you so much. I feel like
15:49
Speaker 4: that might be I don't know, in my head, that's
15:51
Speaker 4: like another level of nannying, Like you've got nannying and
15:54
Speaker 4: like they're like yep, come to my house money direst
15:56
Speaker 4: look after my kids. Obviously trust you inherently, but like
15:59
Speaker 4: to not not only be trusted with the kids, but like, ah,
16:02
Speaker 4: we would actually not mind you being there for our
16:05
Speaker 4: family holiday. That's so special.
16:08
Speaker 2: I think it definitely comes down to the relationship I've
16:10
Speaker 2: built with them, though we're pretty close now, and I
16:12
Speaker 2: guess being so relatable also helps. And yeah, it was
16:16
Speaker 2: great to meet all of their family and obviously slide
16:18
Speaker 2: in quite nicely to the dynamic.
16:20
Speaker 4: I love this. So tell me what do you do
16:22
Speaker 4: for work now and how much money are you earning.
16:24
Speaker 2: I'm in a marketing role for a sporting organization and
16:28
Speaker 2: I earn eighty five thousand dollars a year, which includes
16:31
Speaker 2: super but I'd say in terms of what I earned,
16:34
Speaker 2: it would be around one hundred K once I add
16:36
Speaker 2: in my side hustles, which we've gone through a little bit.
16:39
Speaker 2: But yeah, nannying is still ongoing. I still tutor, got
16:44
Speaker 2: some netwow umpiring in there, some freelance marketing work and
16:47
Speaker 2: now I've also just bought a photo booth business which
16:51
Speaker 2: is starting to take off.
16:53
Speaker 4: Oh my gosh, she's a hussle lot. Okay, So tell
16:55
Speaker 4: me on average, Like what would your last tax return
16:58
Speaker 4: have looked like? Because obviously earned eighty five grand in
17:01
Speaker 4: your quote main job, but like that's a lot of
17:03
Speaker 4: side hustling.
17:04
Speaker 2: I think I was around one hundred K. My partner's
17:07
Speaker 2: an accountant, so he was very supportive through that.
17:10
Speaker 4: One hundred thousand dollars at twenty five slay tell me more,
17:15
Speaker 4: Like you've piqued my interest. I actually need to know
17:18
Speaker 4: two things. One, you said a sporting organization, and like
17:21
Speaker 4: I win, and I'm not going to out you which
17:23
Speaker 4: sporting organization that is, but like if you didn't want
17:25
Speaker 4: me to know, you wouldn't have had a picture behind
17:27
Speaker 4: you of what sport that was with them wearing the uniforms.
17:31
Speaker 4: Like I've put two and two together. Nobody else can though,
17:34
Speaker 4: so that's fun. But I need to know how did
17:37
Speaker 4: your relationships get you into this role? Because like, the
17:40
Speaker 4: role that you've got is for a pretty fancy sporting organization.
17:43
Speaker 4: How did you swindle your way in there?
17:45
Speaker 2: I was previously started in a grad role in a
17:48
Speaker 2: consulting firm, and the relationships above me actually gained all
17:53
Speaker 2: of my referees, but a lot of different contacts and
17:56
Speaker 2: people were talking prior to the interviews. So yeah, had
17:59
Speaker 2: a great in process, but by the end of it,
18:01
Speaker 2: it was like such and such spoke to me, said
18:04
Speaker 2: you knew XYZ and this is why you hired. So
18:07
Speaker 2: once again, it was relationships from one company that built
18:10
Speaker 2: the relationships to the next. So I've been quite lucky
18:13
Speaker 2: in terms of everything's been like fought for on my own,
18:16
Speaker 2: but I've had such a good support base behind me
18:18
Speaker 2: that I've built through relationships that continues to shine through
18:21
Speaker 2: everything I do.
18:22
Speaker 4: And I want to talk about that. And I don't
18:24
Speaker 4: know how you're going to answer this, because you come
18:26
Speaker 4: across as relatively humble and that's a compliment, I promise you.
18:30
Speaker 4: But when people say, like, oh, it's come from the
18:32
Speaker 4: relationships I've built, Like how are you building relationships where
18:36
Speaker 4: people are backing you in this way? Because I think
18:38
Speaker 4: a lot of us will go, yeah, but like, how
18:40
Speaker 4: do I build that relationship? Like someone might be listening
18:42
Speaker 4: to this, going but I nannied and like it hasn't
18:44
Speaker 4: become that fruitful of a relationship, Like you doing something special?
18:49
Speaker 4: Are you just a really beautiful, nice human that people
18:51
Speaker 4: resonate with automatically? Like or is there some strategy that
18:55
Speaker 4: you've got to like always follow up, or some like
18:57
Speaker 4: I just need to know because like, this doesn't happen
18:59
Speaker 4: for me, babe.
19:01
Speaker 2: I would say I'm very reliable and hard working, which
19:06
Speaker 2: people admire and trust. I think that got me in
19:09
Speaker 2: the door to a lot of things. But when I
19:12
Speaker 2: have other people's backs that seems to have supported me.
19:14
Speaker 2: Whether it's in the work I do, whether it's dropping
19:18
Speaker 2: to attend to an anaphylactic reaction because the grand parents
19:21
Speaker 2: didn't want to do the EpiPen, whether it's quickly jumping
19:24
Speaker 2: on something at night to get a deck ready the
19:27
Speaker 2: next day. I think it was more that becoming really trusting.
19:31
Speaker 2: And then also I guess I have a pretty happy,
19:34
Speaker 2: bubbly personality that I always try to bring to everything
19:37
Speaker 2: I do with my work ethic, which has really helped.
19:40
Speaker 2: But it's definitely not paying my way through or asking
19:44
Speaker 2: favors left, right and center. It's very much the hard
19:47
Speaker 2: work side of things and demonstrating that through my work
19:50
Speaker 2: and my passion and my care for people.
19:51
Speaker 4: I love that you know that about yourself too, because like,
19:54
Speaker 4: do you know how many people would be like, Oh,
19:55
Speaker 4: I don't know. It just happens, like to be able
19:58
Speaker 4: to back yourself and be like no, no, no, Like
19:59
Speaker 4: I I'm really nice and I am going to go
20:01
Speaker 4: above and beyond, and like, I have no doubt that
20:04
Speaker 4: you're incredibly intelligent. But like, what everybody can take from
20:08
Speaker 4: this is you're saying that the key to your success
20:11
Speaker 4: actually isn't intelligence. It's hard work and all of those
20:14
Speaker 4: things that we can do irrespective of our industry or
20:18
Speaker 4: what job we have or how we're doing it. It's
20:20
Speaker 4: being present and being committed and showing up. And I
20:24
Speaker 4: think that, yeah, we can all do that, and that's
20:26
Speaker 4: really cool. The other thing, compoletete side note, you bought
20:30
Speaker 4: a photo booth business. How does that even come up?
20:34
Speaker 4: How do you go, Oh, do you know what, I've got
20:36
Speaker 4: this really fancy marketing job. I think I'm going to
20:39
Speaker 4: get another business.
20:41
Speaker 2: It's so random. I was freelancing and supporting the lady
20:46
Speaker 2: that did run the business, and she had another business
20:49
Speaker 2: in conjunction that was taking off and she wanted to
20:51
Speaker 2: spend more time in that. So after two years of
20:55
Speaker 2: running events and doing the people side of things anyway,
20:58
Speaker 2: she was like, would you like the ad insight as
21:00
Speaker 2: well and take this on full time, and at the
21:03
Speaker 2: time I must have been caught in a moment of weakness,
21:05
Speaker 2: but I went, absolutely, why not, this is the next
21:08
Speaker 2: thing to take those I guess smaller freelancing gigs off
21:11
Speaker 2: my plate and focus my energy into one bigger side business.
21:15
Speaker 4: I love that, Okay, So tell me a little bit
21:17
Speaker 4: more about that, because obviously it's a smaller side business.
21:20
Speaker 4: Did you have to spend some serious cash on that
21:23
Speaker 4: to get in or like, how's that work? Most people
21:26
Speaker 4: in businesses like that have built them from the ground up,
21:28
Speaker 4: they haven't purchased them, So like how.
21:31
Speaker 2: I would note that I didn't know how to buy
21:33
Speaker 2: a business, or like how you find businesses to buy?
21:35
Speaker 2: Still don't really know the second one.
21:37
Speaker 4: That's true, not many people do. That's why I'm like,
21:40
Speaker 4: you've got a spill. You've got to tell us.
21:42
Speaker 2: So yeah, obviously this one was approach based, but it
21:45
Speaker 2: was fifteen thousand dollars, which I paid in cash. That
21:48
Speaker 2: was the sale of the business. They had kind of
21:50
Speaker 2: scaled down because they didn't have the time and energy
21:53
Speaker 2: to put into it, So it was kind of valued
21:54
Speaker 2: at the time, but I'd argue it was somewhat undervalued
21:57
Speaker 2: based on the contacts resources instead of and then I
22:00
Speaker 2: also set up a trust, which I think was like
22:03
Speaker 2: the company side of things might be fifteen hundred dollars
22:05
Speaker 2: or something like that with the fees. So yeah, I
22:08
Speaker 2: put that in from the cash that I had, and
22:11
Speaker 2: I've almost paid that back in the six months that
22:14
Speaker 2: I've had it with the pre existing bookings and the
22:16
Speaker 2: upcoming events that I've got. Yeah, set up zero, set
22:19
Speaker 2: up those side little things as well, and finding my
22:23
Speaker 2: way with the processes I want to do with I
22:25
Speaker 2: guess in that I'm obsessed.
22:27
Speaker 4: Also, you've just said something that most people wouldn't think
22:31
Speaker 4: about if they were buying a small business at that size,
22:34
Speaker 4: and like, this is I don't know how to explain it.
22:36
Speaker 4: This is very smart. You said, I set up a trust.
22:39
Speaker 4: Where did you get that information? And why did you
22:42
Speaker 4: know that putting your business in a trust was going
22:44
Speaker 4: to be beneficial for you?
22:45
Speaker 2: I don't have all the answers there, because my partner's
22:48
Speaker 2: an accountant and he said this is step number one
22:50
Speaker 2: and that's where we're starting, all right.
22:52
Speaker 4: I was like, where are you getting this from? Like,
22:53
Speaker 4: and I knew that you'd said your partner was an accountant,
22:55
Speaker 4: But I was like, did you like get some advice
22:58
Speaker 4: or did you do something your partner? Your account partner
23:00
Speaker 4: would have given that advice, which tell him, I'm grateful
23:03
Speaker 4: to him for putting you in that position, Like, thank you, sir,
23:07
Speaker 4: you genius. Where's the future of that business going, Like
23:10
Speaker 4: you're planning on scaling it and quitting your full time
23:12
Speaker 4: job or is this just always going to be a
23:14
Speaker 4: side thing. You're going to hire staff? Like obviously I'm
23:16
Speaker 4: asking all the big hitting questions, but I need to know.
23:19
Speaker 2: Yeah, so I absolutely love my full time job, so
23:22
Speaker 2: I don't know if I could give that up yet.
23:24
Speaker 2: But I've obviously worked so hard in so many different
23:27
Speaker 2: smaller side hustles that it was like, maybe it's time
23:31
Speaker 2: to just focus attention and energy into one. So that's
23:34
Speaker 2: the plan there is to I guess realign my time
23:37
Speaker 2: a little bit. But it's a great networking opportunity as well,
23:41
Speaker 2: like the different events that I get to go to
23:43
Speaker 2: and chat to people and take their photos and hand
23:46
Speaker 2: out print outs and just get to know so many
23:49
Speaker 2: different types of people. Is I guess the social side
23:51
Speaker 2: of it as well is awesome, But financially it's just
23:54
Speaker 2: I guess a bit more passive income in a sense
23:57
Speaker 2: I'm able to scale that side for myself as well.
24:01
Speaker 2: And it's also just I guess leaning into when my
24:04
Speaker 2: circumstances changed, like I would like to have a family
24:06
Speaker 2: one day, maybe I could continue that on the side
24:09
Speaker 2: instead of my full time job and support myself financially there.
24:12
Speaker 4: Yeah, So tell me what are you big money goals?
24:14
Speaker 4: What are you currently working towards?
24:16
Speaker 2: So we said one hundred cane shares I hit last year,
24:19
Speaker 2: So I'd like to get to one hundred and fifty
24:21
Speaker 2: k by the end of the year. By the end
24:23
Speaker 2: of the year.
24:24
Speaker 4: Yeah, my friend, what the hell.
24:26
Speaker 2: It's a bit of a stretch goal there, but it's
24:29
Speaker 2: a primary focus of mine. So we'll see how we
24:31
Speaker 2: go with that. And I'm currently working year to year
24:34
Speaker 2: at the moment in a lot of my goals. So
24:36
Speaker 2: the other one is to purchase an investment property. I
24:39
Speaker 2: say purchase because the saving in the hard yards has
24:42
Speaker 2: been over time. It's just I need to bite the
24:45
Speaker 2: bullet and actually do that this year. So on the
24:47
Speaker 2: hunt at the moment.
24:48
Speaker 4: Okay, So, how are you twenty five and have one
24:50
Speaker 4: hundred thousand dollars in shares, like, riddle me that, where
24:53
Speaker 4: is that come from? How did you do that? Because
24:55
Speaker 4: you are just a baby and that is a lot
24:59
Speaker 4: of money. My Like, I'm so proud, like so insanely
25:03
Speaker 4: proud of everything you've achieved, but we need the tea.
25:06
Speaker 4: How did you do that?
25:07
Speaker 2: I kickstarted that process in covid SO twenty twenty, a
25:12
Speaker 2: lot of downtime, share markets full in we spent a
25:15
Speaker 2: lot more time at home instead of in the city,
25:18
Speaker 2: so we were surrounded by family that were also doing
25:22
Speaker 2: similar things, investing in chairs and ETFs and hey, you
25:26
Speaker 2: should probably have a look at this. So I received
25:28
Speaker 2: youth allowance throughout UNI and that doubled in that time,
25:33
Speaker 2: and my expenses did not double during that time. So
25:36
Speaker 2: fortunately I channeled a lot of my money and energy
25:40
Speaker 2: into I guess, exploring shares, exploring ETF So that first
25:46
Speaker 2: year was a lot of doubling into different things and
25:48
Speaker 2: then working out what worked for me. But in the
25:51
Speaker 2: past two years, I think I've changed from cash is
25:54
Speaker 2: king into I need to see my money start to
25:57
Speaker 2: work for me, and I've just gone hard and hard
25:59
Speaker 2: and hard.
26:00
Speaker 4: Do you are like a woman after my own harsh?
26:03
Speaker 4: Tell me what are you investing in? Like you've got
26:05
Speaker 4: one hundred grand, which means like you're pretty bloody serious
26:09
Speaker 4: when it comes to being an investor. What was your
26:12
Speaker 4: first share purchase? Oh?
26:14
Speaker 2: First share purchase might have been flight Center.
26:17
Speaker 4: Oh okay, tell me why, because, like I think I
26:21
Speaker 4: know why a.
26:22
Speaker 2: New travel was going to come back at some point.
26:24
Speaker 2: It was just having a massive hit at the time.
26:27
Speaker 4: Do you read Reddit a lot?
26:29
Speaker 2: No? I don't. Actually that was all.
26:31
Speaker 4: Over Reddit during COVID. Everybody was talking about investing in
26:34
Speaker 4: flight Center because like, it'll come back, it'll come back
26:36
Speaker 4: in their share price plummeted, And like, who did you
26:38
Speaker 4: get that information from? Because I feel like there's a
26:41
Speaker 4: niche group of people who all aggressively invested in travel.
26:46
Speaker 2: Yeah, I think the other half of people invested in Quantus.
26:50
Speaker 2: But I said, no, that's a bit more divosified than Quantus,
26:53
Speaker 2: which is why I went down that path. I was
26:55
Speaker 2: booking a holiday pre COVID crash, and I thought, well,
26:59
Speaker 2: I want to book a holiday at some point, So
27:01
Speaker 2: that's where flight Center came into it. I was confident
27:03
Speaker 2: enough with the share price at what it had kind
27:06
Speaker 2: of bottomed out at, that it would rise, So that
27:08
Speaker 2: was one of those ones. It did take a while
27:10
Speaker 2: to pick up though, I will admit, and in those
27:13
Speaker 2: early months, looking at red or looking at green meant
27:16
Speaker 2: a lot more to me than what it does now.
27:17
Speaker 2: I will happily admit that. I guess my biggest investing
27:20
Speaker 2: mistake was a two milk buying at a high and
27:24
Speaker 2: watching that drop a little bit. It was an amazing
27:27
Speaker 2: cash cow for some people, but not for me at
27:29
Speaker 2: the time. But it's just taught me that I don't
27:31
Speaker 2: have to hop on other people's rides. This is my journey,
27:34
Speaker 2: and I'm investing what I believe in instead of I guess
27:37
Speaker 2: it's little voices.
27:38
Speaker 4: And when you bought a two milk, did you buy
27:41
Speaker 4: that company because you'd just seen a lot of hype
27:43
Speaker 4: about it and thought it was going to be fantastic,
27:45
Speaker 4: So you were buying kind of the top of the market.
27:47
Speaker 2: Yeap hype and a few other friends were in it,
27:49
Speaker 2: so they had confidence, but they also purchased at different
27:53
Speaker 2: prices to me.
27:53
Speaker 4: So yeah, but that's like such a good lesson because
27:56
Speaker 4: it's kind of like you're seeing other people be successful
27:59
Speaker 4: and great, like I'll jump in on this too, But
28:02
Speaker 4: like they would have gotten in before you, and oh
28:05
Speaker 4: how frustrating. So tell me now, I'm so pervy on this.
28:08
Speaker 4: You've got one hundred grand and I need to know
28:10
Speaker 4: what is your biggest holding now, Like, what is the
28:12
Speaker 4: biggest investment you've got inside your portfolio?
28:14
Speaker 2: Vas ETF Vanguard Australian Chares, so that would be i'd
28:19
Speaker 2: say almost fifty percent forty five to fifty percent into there,
28:22
Speaker 2: and then I've got the Vanguard International Shares which is VGs.
28:27
Speaker 2: I'm in the VAE which is the x Asia ETF
28:33
Speaker 2: as well, and then I've doubled in Combank. I've really
28:39
Speaker 2: maxed out that one now. But that was awesome and
28:42
Speaker 2: I think that might be it. Yeah, I think that's it.
28:45
Speaker 2: I've definitely obviously research and learnings along the way. I've
28:48
Speaker 2: bought sold, and now it's very much I've joined the
28:51
Speaker 2: ETF train and happy to be there.
28:54
Speaker 4: Yeah. I was about to say, often you find that,
28:57
Speaker 4: and this has gone full investing chat, so I do apologize,
28:59
Speaker 4: but I think this is so pervy. Often you find
29:02
Speaker 4: that people go into an ETF as like kind of
29:04
Speaker 4: a gateway investment because they like don't want to pick
29:06
Speaker 4: one investment and want instant diversification and it feels like
29:10
Speaker 4: pretty safe. But they think, and I say, thinking quotation marks,
29:15
Speaker 4: that really investing is direct shares, and that's like not
29:19
Speaker 4: the case at all obviously, But you've done the opposite.
29:22
Speaker 4: You were buying direct shares and like picking stocks, and
29:25
Speaker 4: now you've gone into essentially three different ETFs, and like,
29:28
Speaker 4: I can see your strategy. Your strategy is diversify across
29:32
Speaker 4: markets and then further diversify by having three different ETFs.
29:36
Speaker 4: So you've got an Australian one, an international one, and
29:38
Speaker 4: then an Asia one, which I think is very very intelligent,
29:42
Speaker 4: And you've clearly done your research because a lot of
29:44
Speaker 4: people who then go, oh, I also added Asia because
29:48
Speaker 4: Asia performs a lot different than in international portfolio, Like
29:52
Speaker 4: usually Asian ETFs carry a lot of tech stocks in
29:55
Speaker 4: comparison to international. Anyway, there's like a lot of conversation
29:58
Speaker 4: to be had here that I am just so pervyon
30:01
Speaker 4: moving forward. What's the plan for your share portfolio?
30:04
Speaker 2: Continue to invest in those ets I think they're buy
30:08
Speaker 2: and hold forever. In my mind, that money really supports
30:12
Speaker 2: me in terms of dividends currently reinvesting them. But I
30:15
Speaker 2: can see how that could cover bills in future, support
30:19
Speaker 2: me when I'm having a family and have other things
30:22
Speaker 2: that pop up. But at the moment, obviously there's a
30:25
Speaker 2: lot of growth in them anyway, So it's really exciting
30:27
Speaker 2: to see and it's put me in good set for now.
30:30
Speaker 4: Oh absolutely it has. I'm so excited for you. So
30:33
Speaker 4: tell me, on average, how much are you're contributing to
30:35
Speaker 4: your share portfolio on a monthly basis?
30:37
Speaker 2: About three thousand dollars a month?
30:39
Speaker 4: A yeah, okay, okay, tell me how you're doing that, Like,
30:43
Speaker 4: how are we getting three grand of free cash flow
30:46
Speaker 4: on essentially one hundred thousand dollars if the income each year?
30:48
Speaker 2: So the three would come from a lot of side hustles,
30:52
Speaker 2: but my dividends would be at about three as well.
30:55
Speaker 4: So my gosh, that is so sexy.
30:57
Speaker 2: Yeah yeah, so I'm just reinvesting and I'm just grabbing
31:01
Speaker 2: money from my pay money from side hustles.
31:03
Speaker 4: You really are hustling to not be in the same
31:05
Speaker 4: position as your parents, aren't you? My friend, Like, you
31:07
Speaker 4: did not lie, you were not missing a beat, and
31:10
Speaker 4: you were just like, okay, let's go to a really
31:13
Speaker 4: quick break because I actually have so many questions for you,
31:16
Speaker 4: and we're going to get to them in a hot minute.
31:21
Speaker 4: All right, Money direst we have just dove very deeply
31:24
Speaker 4: into your investment journey. And I'm sorry if that was
31:27
Speaker 4: so pervy, But when you get the opportunity to quiz
31:31
Speaker 4: someone on their one hundred thousand dollar portfolio that they've built,
31:34
Speaker 4: that they have it twenty five, my friend, I'm taking
31:36
Speaker 4: and seizing that opportunity and be like, what do you hold?
31:39
Speaker 4: How do you hold it? What are percentages? Because this podcast,
31:42
Speaker 4: like I can't give advice, Like I could never sit
31:44
Speaker 4: down as a licensed financial services professional and say, oh,
31:48
Speaker 4: you should buy ABC and D because somebody could listen
31:51
Speaker 4: to this podcast and replicate exactly what you have today,
31:55
Speaker 4: and it might not be successful for them because you've
31:57
Speaker 4: gotten in at different times and done different things. And
32:00
Speaker 4: that's fine. But I love the opportunity that she's on
32:03
Speaker 4: the Money creates for the whole community to learn from
32:06
Speaker 4: one another, Like it is just so empowering to see
32:09
Speaker 4: somebody who's gone, oh, I was doing direct shares because
32:12
Speaker 4: I was trying to be legit, and I've actually learned
32:14
Speaker 4: a lot and now I'm just going to buy and
32:15
Speaker 4: whole ETFs for the rest of my life. Like, that's
32:18
Speaker 4: such a mindset shift. When you started investing, and you know,
32:23
Speaker 4: you told me that lots of your friends and family
32:24
Speaker 4: were talking about ETFs and stuff, why wasn't an ETF
32:28
Speaker 4: the first investment that you made.
32:29
Speaker 2: I don't think I was quite educated in that space
32:32
Speaker 2: enough at the time. So a lot more reading, a
32:35
Speaker 2: lot more listening, she's on the Money podcast. All of
32:38
Speaker 2: that has come from that, I guess so initially, particularly
32:44
Speaker 2: at that time, some of those ETFs had only just
32:46
Speaker 2: kicked off and hadn't gained a lot of traction. And
32:49
Speaker 2: I think my age group has come through with a
32:51
Speaker 2: lot more accessibility to personal finance accounts and financial articles
32:57
Speaker 2: that are more digestible for myself and my age group,
33:00
Speaker 2: and that's really supported I guess where I've landed with ETFs.
33:03
Speaker 4: I'm obsessed with you. I love this so much, and
33:05
Speaker 4: I just love what I know people are going to
33:07
Speaker 4: get out of this conversation. It makes me want to
33:09
Speaker 4: cut the podcast up and like literally do yeah, let's
33:13
Speaker 4: do our money Dory. But like I just want to
33:14
Speaker 4: take that investing chat and make it a whole podcast,
33:16
Speaker 4: so like I could talk about this all day girl,
33:19
Speaker 4: you and me both, and you might be invited back
33:21
Speaker 4: on the pod so that we can just talk investing.
33:24
Speaker 4: Don't put it past me. Talk to me about debt.
33:27
Speaker 4: Do you have any? I'm assuming no with the amount
33:30
Speaker 4: of cash flow that you have, But what are your
33:33
Speaker 4: feelings about it? Like, would you ever take on debt,
33:35
Speaker 4: How do you feel about it? What does that look
33:37
Speaker 4: like in your financial journey.
33:38
Speaker 2: So I've got my hex debt, but I wouldn't classify
33:40
Speaker 2: that as a bad debt. That's just going to sit
33:43
Speaker 2: there and come out at tax time. But I do
33:46
Speaker 2: use a credit card for points hacking, but I wipe
33:49
Speaker 2: that clean week in, week out, so there's no technical
33:53
Speaker 2: debt there. But other than that, that's it. I don't
33:55
Speaker 2: have a negative attitude towards debt if it's used in
33:59
Speaker 2: the way per se. But I'd closed all of my
34:03
Speaker 2: after pay accounts and things like that at a very
34:05
Speaker 2: young age. It just didn't work for me in the
34:06
Speaker 2: way that my cash flow was occurring, and it just
34:09
Speaker 2: didn't make me feel good either. So no negativity towards debt.
34:13
Speaker 2: Particularly looking into a mortgage for this investment property that
34:17
Speaker 2: sits well with me.
34:18
Speaker 4: But that's it, But that's a wealth creating debt, like,
34:21
Speaker 4: and we're not going to just cough up a couple
34:23
Speaker 4: of one hundred thousand dollars. You did mention earlier that
34:26
Speaker 4: like one of your goals is to purchase an investment property,
34:29
Speaker 4: and you've been working towards that for a very long time.
34:31
Speaker 4: What does that look like, Like, how much have you
34:33
Speaker 4: got in savings at the moment? Are you talking to brokers?
34:36
Speaker 4: Are you like, when's this purchase going to occur.
34:39
Speaker 2: I've always had strong cash savings, and that seems to
34:43
Speaker 2: have just like compiled year on years. So I've got
34:45
Speaker 2: about sixty five thousand dollars in cash.
34:49
Speaker 4: Okay, not what I was expecting, big dog.
34:53
Speaker 2: So obviously the money for the business came out of
34:55
Speaker 2: that as well, so that would be a little bit
34:57
Speaker 2: higher if I didn't do that, But I don't like
35:00
Speaker 2: to look at it that way.
35:01
Speaker 4: That's an investment that you made. No, absolutely not. We're
35:04
Speaker 4: not going to regret that.
35:05
Speaker 2: So that has been just compounding year on year, and
35:07
Speaker 2: I do contribute to that to make sure I've got
35:10
Speaker 2: the highest interest earning on that. But I think I've
35:13
Speaker 2: been a bit afraid of I guess the negativity around
35:17
Speaker 2: interest rates and making a bigger purchase. It's not as
35:20
Speaker 2: liquid as shares. So I've been over analyzing every situation,
35:26
Speaker 2: I guess for a very long time, and now it's
35:27
Speaker 2: time to bite the bullet otherwise. You know, yesterday was
35:30
Speaker 2: the best day, but today's the next best day. So
35:33
Speaker 2: it needs to happen.
35:34
Speaker 4: One hundred percent. So have you started that journey? Like
35:36
Speaker 4: are you going to engage a broker? You're just going
35:38
Speaker 4: to go down to your local bank, Like, what's the plan.
35:40
Speaker 2: We'll start to We've just started to engage with a
35:43
Speaker 2: broker at the moment, and we're just looking in some
35:45
Speaker 2: smaller hotspot areas that we're more comfortable in it at
35:48
Speaker 2: the moment.
35:49
Speaker 4: I love that. That is so fun to think that
35:51
Speaker 4: you're finally achieving it, Like it sounds like you've just
35:53
Speaker 4: been a big saver. And I don't know, I feel
35:56
Speaker 4: like sometimes we listen to these stories of people that
35:59
Speaker 4: you're like, oh, oh cool, Like she sounds so relatable
36:01
Speaker 4: to me. She you know, earns eighty five thousand dollars,
36:04
Speaker 4: And then the journey starts to change and the story
36:07
Speaker 4: starts to get a little bit juicy, and you go
36:09
Speaker 4: she's got all these start hustles. Oh my god, she's
36:11
Speaker 4: got one hundred thousand dollars in savings. Oh my god,
36:13
Speaker 4: she's got one hundred thousand dollars in shares, and oh
36:14
Speaker 4: my god, she's got sixty thousand dollars in savings. Like
36:17
Speaker 4: it starts to become, I guess, unrelatable, and you go,
36:19
Speaker 4: I don't want to listen to this, like she's not me,
36:23
Speaker 4: and I just go, good, Like, we can learn from
36:26
Speaker 4: people in different situations to put ourselves in better circumstances,
36:31
Speaker 4: Like you're really proving that you don't need hundreds of
36:34
Speaker 4: thousands of dollars to put yourself in the best possible position.
36:37
Speaker 4: And I think a lot of us just go, it's
36:39
Speaker 4: not relatable because she's got so much savings. But there
36:42
Speaker 4: would have been a time, and yeah, you've clearly had
36:44
Speaker 4: the privilege of finding financial literacy for yourself early and
36:48
Speaker 4: going through, you know, even if your parents are amicable,
36:52
Speaker 4: a traumatic life event that has pushed you into going
36:56
Speaker 4: I actually need to take this really seriously. And I'm
36:58
Speaker 4: sure you've sacrificed a lot along the way so that
37:00
Speaker 4: you've got savings, right, So can you tell me a
37:02
Speaker 4: bit about that, because I think sometimes we listen to
37:04
Speaker 4: these stories and go, that's not relatable, that's not going
37:07
Speaker 4: to be achievable for me, Like, I'm never going to
37:09
Speaker 4: do that. But your current today's circumstance is an outcome
37:14
Speaker 4: of the situations you've been through. Have you had to
37:16
Speaker 4: sacrifice along the way, Like, has this been just super easy,
37:19
Speaker 4: breezy for you?
37:20
Speaker 2: No, I'd say the multiple side hustles has led me
37:24
Speaker 2: to miss out on social events and things like that
37:28
Speaker 2: when I lock in babysitting in advance and a lot
37:31
Speaker 2: of weekend work. I sacrificed my mornings for morning nannying
37:35
Speaker 2: before work now too, and I guess that all takes
37:38
Speaker 2: its toll. But throughout UNI, I was so frugal with
37:41
Speaker 2: my money. I watched where every dollar went, and I
37:45
Speaker 2: don't feel like I missed out per se, but I
37:47
Speaker 2: think that's where I really capitalized on making sure I
37:50
Speaker 2: wasn't creeping up on using lifestyle creep. I guess in
37:54
Speaker 2: a way that I wasn't able to fund myself and
37:57
Speaker 2: fund the savings. I think as kid, you always grow
38:00
Speaker 2: up and it's like, oh, save your first car and
38:03
Speaker 2: then the rest will really work. Itself out and I
38:05
Speaker 2: got to the other side of that, and I was like,
38:06
Speaker 2: what do you mean, who's going to tell me what
38:08
Speaker 2: to do now? Like what's the next goal? No one's
38:09
Speaker 2: told me what the next goal is. And it was like, oh, right,
38:12
Speaker 2: this is on me to implement another goal. Otherwise that's it.
38:16
Speaker 2: If I don't have something else to look forward to
38:18
Speaker 2: or to work towards, that's it.
38:20
Speaker 4: I remember when I had my first consulting job, and
38:23
Speaker 4: like it was the biggest job I've ever had, Like
38:25
Speaker 4: it was so fancy, like a graduated university and I
38:29
Speaker 4: was actually the youngest in the company, and I was
38:32
Speaker 4: so overwhelmed by all of these people in their thirties
38:35
Speaker 4: and forties because they looked like they had their stuff together.
38:37
Speaker 4: And I just thought, that's fine. One day I'm going
38:39
Speaker 4: to have my stuff together, because life just happens, right,
38:42
Speaker 4: Life happens for you, like you don't have to lift
38:45
Speaker 4: a finger, and one day I'll have a home, no worries,
38:48
Speaker 4: like it just and then cracks start to appear and
38:52
Speaker 4: you realize that those people don't have their stuff together,
38:55
Speaker 4: and life isn't just going to happen for you. You
38:58
Speaker 4: actually have to make it happen for yourself, and I
39:01
Speaker 4: think that you've absolutely done that, and I'm just so
39:03
Speaker 4: excited about it. Obviously, you've mentioned you're really frugal and
39:07
Speaker 4: you like literally use every single other waking hour to
39:10
Speaker 4: make it revenue generating, and like that's not for everybody.
39:13
Speaker 4: That's fine, But what is your best money habit do
39:16
Speaker 4: you reckon?
39:17
Speaker 2: I'd say it's documenting my savings and where that income
39:20
Speaker 2: comes from. I'm so good at tracking everything via Google spreadsheet,
39:25
Speaker 2: and I have a goals like month to month to hit,
39:28
Speaker 2: I guess, and I work breaking it down because yeah,
39:31
Speaker 2: one hundred thousand in chairs sounds overwhelming, but that was
39:34
Speaker 2: once like a ten k goal and ten k across
39:37
Speaker 2: a year. So I've really broken it down months to
39:40
Speaker 2: month to make things more digestible and easy for me
39:43
Speaker 2: to achieve, I guess. And that's obviously all conditional coding,
39:47
Speaker 2: so everything goes green when I hit something and I
39:49
Speaker 2: get a little kit of adrenaline from it.
39:51
Speaker 4: Oh my gosh, there's a spreadsheet. You are a woman
39:54
Speaker 4: after my own. Ha.
39:56
Speaker 2: This year, I'm probably getting a bit more into tracking
39:58
Speaker 2: what I spend to tighten that up a bit instead
40:00
Speaker 2: of where the savings goes, which has always been my focus.
40:03
Speaker 4: This whole episode, I thought I can't help her with anything,
40:06
Speaker 4: Like this woman is a genius. I'm going to gift
40:07
Speaker 4: you my money masterclass so that you have access to
40:10
Speaker 4: like my budgeting and cash flow tool that will definitely
40:12
Speaker 4: do that for you. It'll probably like marry really nicely
40:15
Speaker 4: with like your investment trackers and how you're doing that.
40:18
Speaker 4: But like this whole episode, I feel like this woman's
40:20
Speaker 4: just got it sorted, like she doesn't need cheese on
40:22
Speaker 4: the money anymore. I've found a way to help and
40:26
Speaker 4: I love this for us. So after this I'll set
40:28
Speaker 4: you up on that. But do you have any bad
40:30
Speaker 4: money habits? Like, surely somebody is good at money doesn't
40:33
Speaker 4: have anything bad. Tell me, please tell me you actually do.
40:37
Speaker 2: I do think I do. I think I need to
40:39
Speaker 2: put a bit more time between my purchases and those
40:42
Speaker 2: unnecessary spending habits.
40:45
Speaker 4: Clothes, travel, You are very well dressed. I've been perfec
40:48
Speaker 4: on your beautiful like denim top. It's very on trend,
40:52
Speaker 4: very cute, very chic. But I feel that in my soul.
40:55
Speaker 2: And probably just that is summed up in curbing lifestyle creep,
40:59
Speaker 2: which I feel like I've found that effect of keeping
41:02
Speaker 2: up with the joints is a little bit in the
41:03
Speaker 2: last twelve months. So bringing that back to earth, that's
41:06
Speaker 2: probably my worst money havebit at the moment.
41:08
Speaker 4: I love it though. That's like not even a bad
41:10
Speaker 4: money habit. Clearly you're very good at money, but you're
41:12
Speaker 4: quite reflective on like how you could be better. At
41:15
Speaker 4: the start of this episode to say, I reckon, I'm
41:18
Speaker 4: a B plus or like maybe even an A. Mins
41:20
Speaker 4: what's an A.
41:20
Speaker 2: Plus to you?
41:21
Speaker 4: Like what would you have to do or facilitate or
41:24
Speaker 4: change so that if I spoke to you again, you're like,
41:26
Speaker 4: of VM A plus, Like what would that look like.
41:28
Speaker 2: I don't know when I'll ever be able to say
41:30
Speaker 2: that I've made it per se, but A plus to
41:33
Speaker 2: me would be like, Yep, I've made it. I've set
41:35
Speaker 2: out everything I achieved to set myself up for life.
41:37
Speaker 2: So I think when I feel set up for life,
41:40
Speaker 2: that would be an A plus sign. I'd still say
41:43
Speaker 2: an A minus to an A there's still work to
41:45
Speaker 2: be done there, and I think my type A personality
41:49
Speaker 2: would never let me into that AAA plus category.
41:51
Speaker 4: Oh I get that, I get it. And that's why
41:53
Speaker 4: I like asking, because I'm like, what's that even going
41:55
Speaker 4: to take? And type A people are like, wait, don't
41:57
Speaker 4: ask me that question. I would just like to consistently
42:00
Speaker 4: undervalue myself instead of being questioned on this. But I'm obsessed.
42:04
Speaker 4: Like there are going to be people listening to this
42:05
Speaker 4: that are like, is she crazy? That's a blast to me,
42:08
Speaker 4: And I agree, but I kind of like that. You're
42:11
Speaker 4: also you know, halfway through the journey, You're like, I
42:14
Speaker 4: know I've achieved a lot, but I'm going to do
42:15
Speaker 4: so much more, and like, I cannot wait to touch
42:17
Speaker 4: base with you at some point in the future and
42:19
Speaker 4: you can tell me about how a relationship has got
42:22
Speaker 4: you into your next, biggest, best job. My friend, I'm
42:25
Speaker 4: very sad that this is all we have time for today.
42:28
Speaker 4: This has been so fun, and I've adored how much
42:31
Speaker 4: we've spoken about investing and your parents and the journey
42:34
Speaker 4: and why you don't want to be where they were
42:37
Speaker 4: and not only do you not want that, you're not
42:39
Speaker 4: going to have that, Like you've actually set yourself up
42:42
Speaker 4: for future financial success in such a beautiful way, and
42:45
Speaker 4: like it's so nice to talk to you about it
42:48
Speaker 4: because you've just done it on your own, like nobody's
42:51
Speaker 4: come along and been like, oh yep, actually I did
42:53
Speaker 4: get some shares from my grandpa. Like you've actually just gone, oh,
42:56
Speaker 4: I'm going to do this, and I'm going to do
42:58
Speaker 4: it well and I've committed to it. And last question,
43:01
Speaker 4: do you find that now you have committed to it,
43:03
Speaker 4: it like compounds not in terms of like obviously growth,
43:07
Speaker 4: but like do you become more committed to it or
43:09
Speaker 4: now that you've got one hundred grand you're like, oh,
43:10
Speaker 4: I can relax.
43:11
Speaker 2: Even more committed to it. I'm even more passionate about it.
43:14
Speaker 2: I can't believe when it ticked over, I didn't I
43:16
Speaker 2: felt excited, but it was like, oh my god, there's
43:18
Speaker 2: so much more in me to get to the next thing,
43:20
Speaker 2: Like what do I have to do to get to
43:21
Speaker 2: the next step?
43:22
Speaker 4: And you know what they always say, the first one
43:24
Speaker 4: hundred thousand dollars is the hardest to earn. Like it's
43:27
Speaker 4: the hardest to earn, it's the hardest to save, it's
43:29
Speaker 4: the hardest to invest, and like you've done it. Like,
43:32
Speaker 4: I'm just so excited about this diary. Thank you, my lovely.
43:35
Speaker 4: It has been so fun getting to know you a
43:38
Speaker 4: little bit be pervy. I'm grateful that you've let me
43:41
Speaker 4: be as pervy as I have, but I know the
43:43
Speaker 4: community going to do this as well. So thank you
43:46
Speaker 4: for sharing and caring and being part of the journey
43:48
Speaker 4: and part of the community you make. Literally, people like
43:51
Speaker 4: you are what makes She's on the Money so rich.
43:54
Speaker 2: Thank you so much being the team for having me.
44:02
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44:04
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44:08
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