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MONEY DIARIES: The Financial 'Work In Progress' · She's On The Money

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  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
• 0:05
  Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we
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  Speaker 1: get started on She's on the Money podcast, I would
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  Speaker 1: like to acknowledge the traditional custodians of the land of
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  Speaker 1: which this podcast is recorded on a wondery country, acknowledging
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  Speaker 1: the elders, the ancestors and the next generation coming through
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  Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
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  Speaker 1: the storytelling of you to make a difference for today
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  Speaker 1: and lasting impact for tomorrow.
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  Speaker 2: Let's get into it.
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  Speaker 3: She's on the Money, She's on the Money.
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  Speaker 4: Hello, and welcome to She's on the Moneys some millennials
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  Speaker 4: who want financial freedom. Welcome back to another one of
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  Speaker 4: my favorite episodes. Welcome back to another one of my
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  Speaker 4: favorite episodes, Money Diaries, where I get the absolute privilege
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  Speaker 4: of talking to one of our incredible She's on the
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  Speaker 4: Money community members all about their money story. Let's jump
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  Speaker 4: straight into it, because this week I got an email
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  Speaker 4: and it sounded exactly like this. Hi, Victoria. I had
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  Speaker 4: a middle class upbringing and started and then quit UNI.
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  Speaker 4: I then moved to London and worked as a butler,
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  Speaker 4: having some amazing experiences. When I moved home, I headed
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  Speaker 4: back to UNI. Within six months of graduation, I was
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  Speaker 4: earning one hundred thousand dollars, but two years later I
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  Speaker 4: was on Scentlink with zero dollars in savings. I'm now
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  Speaker 4: in my final year as a med student at age thirty,
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  Speaker 4: and I'm in the middle of my fertility preservation treatment
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  Speaker 4: financial status work in progress, Money Diarist, I feel like
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  Speaker 4: this is going to be so fun.
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  Speaker 2: Yeah, there's a lot to talk about.
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  Speaker 4: Hey, oh my gosh, I feel like it's like a
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  Speaker 4: roller coaster, but like not a stressful too stressful one.
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  Speaker 4: I'm just like, Butler, what like one hundred thousand dollars?
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  Speaker 4: What cent a link? What where is all this coming from?
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  Speaker 4: And now she's going to be a doctor? Be for real? Like,
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  Speaker 4: I've just got questions. But as always, let's start with
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  Speaker 4: the very first one, Money Diarist, If I asked you
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  Speaker 4: to rate your money habits from an eight through to
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  Speaker 4: an air for, what would they be?
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  Speaker 2: I would say, I'm probably about a.
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  Speaker 4: C minus a C minus. All right, I'm interested to
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  Speaker 4: hear more, but like, before we get there, can you
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  Speaker 4: please give me a little bit more info on your
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  Speaker 4: money story, like take us back.
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  Speaker 2: Yeah, sure. So, yeah, I grew up, I guess, I
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  Speaker 2: suppose in a very privileged position, I should say. To
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  Speaker 2: start with, my parents had pretty I guess, run of
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  Speaker 2: the meal jobs, hairdresser, nurse, and they worked very hard
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  Speaker 2: to kind of I guess, climb the ladder in the
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  Speaker 2: ways that they have and yeah, always give us as
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  Speaker 2: kids what we needed to kind of improve. So had
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  Speaker 2: a good kind of foundation. I guess. When I first
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  Speaker 2: left school, I went into a business degree and I
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  Speaker 2: hated it, like just it was boring.
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  Speaker 4: It's not for everybody, I'm telling you that now, not
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  Speaker 4: at all.
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  Speaker 2: And so I left there and I was just working
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  Speaker 2: out like maccas and I claimed the ranks at maccs,
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  Speaker 2: you know.
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  Speaker 4: Which is underrated by the way. I feel like McDonald's
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  Speaker 4: knowing now their leadership training and the way that they
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  Speaker 4: train people from scratch, like some of the best employers
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  Speaker 4: long term even going into corporate or going into other things,
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  Speaker 4: they have got a background in working at macers and
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  Speaker 4: it serves them so well.
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  Speaker 2: So well, yeah, it like builds really great skill foundations.
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  Speaker 2: So yeah, I did that for a little while. I
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  Speaker 2: was actually at Maca's forelt about five years since I
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  Speaker 2: was like fifteen, and then I decided that I hated
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  Speaker 2: it and I moved overseas and I just did like
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  Speaker 2: a west holiday visa and I was working in like hospitality,
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  Speaker 2: just waitressing, and then they were like, actually, we need
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  Speaker 2: a night butler tonight to cover and I was like,
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  Speaker 2: can anyone do that? And I was like, well, I
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  Speaker 2: suppose I can give it a crack, like I'm probably
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  Speaker 2: not gonna be the best at it, but I can
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  Speaker 2: do it. So I did it.
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  Speaker 4: And did you have to change your name to Nigel?
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  Speaker 2: Obviously? Yeah? Obviously?
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  Speaker 4: Okay, yeah, yeah, right, so Nigel, what happened next?
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  Speaker 2: Just wait for it. I wore like a full three
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  Speaker 2: piece suit, like I was.
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  Speaker 4: No, you didn't, I did? Yeah, that would have been
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  Speaker 4: so fun.
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  Speaker 2: Yeah, it was like full on, like three piece suit.
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  Speaker 2: Had to use the British accent because no one could
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  Speaker 2: understand me. Genuinely, my worst experience, well actually I think
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  Speaker 2: it's the funniest personally, but like I had someone call
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  Speaker 2: me in the middle of the night asking for an
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  Speaker 2: extra duvet and I genuinely had to transfer them to
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  Speaker 2: the front of house manager because I did not know
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  Speaker 2: what a duvet was. It's a douna.
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  Speaker 4: By the way, do they even the word duvet? Feels bougie?
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  Speaker 2: I know, right, And I had no idea. I was like, sorry,
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  Speaker 2: you're gonna have to repeat that like for ten minutes.
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  Speaker 2: It was. Yeah, it was hard work.
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  Speaker 4: Oh my gosh. What was like the funniest thing that
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  Speaker 4: you were asked for as a butler? Because I just
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  Speaker 4: feel like people take advantage of butler's.
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  Speaker 2: Yeah, I was in like a five star hotel and
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  Speaker 2: it was I don't know about the funniest. Like we
• 5:09
  Speaker 2: did a lot of packing and unpacking and you see
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  Speaker 2: a lot of stuff in people's suitcases. I'll tell you
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  Speaker 2: that much for free?
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  Speaker 4: Or did you unpack their suitcases? Yeah?
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  Speaker 2: Absolutely?
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  Speaker 4: I love that this is also anonymous, so come on,
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  Speaker 4: come on, skill ye.
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  Speaker 2: I will say, like, the funniest thing I probably had
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  Speaker 2: to do was like rearrange people's I don't know if
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  Speaker 2: I'm allowed to say things that aren't PG.
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  Speaker 4: But anyway, Oh no, you can say this like we've
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  Speaker 4: just given it a disclaimer. What's coming up next? Not PG? Yeah? Great.
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  Speaker 2: We would have to like go in and like organize everything.
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  Speaker 2: So it was, you know that kind of like type
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  Speaker 2: a personality in order o cud Yeah, great kind of thing. Great,
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  Speaker 2: And we would literally go in and organize their sex
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  Speaker 2: toys for like from A to Z, like in order.
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  Speaker 2: We would make everything look pretty like it was yeah
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  Speaker 2: a lot.
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  Speaker 4: Oh my gosh. I would be mortified. Yeah, I know that.
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  Speaker 4: Even like my bedside table when I'm staying in a hotel,
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  Speaker 4: I'm always like triple checking it and being like what,
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  Speaker 4: like it's you know, I sleep with an eyemask and
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  Speaker 4: like sometimes I have nasal spray and I'm always like,
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  Speaker 4: I'm gonna just put that back in my handbag because
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  Speaker 4: I know housekeeping's coming, like, be for real. I'd be mortified.
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  Speaker 2: Yeah, and people definitely just didn't really clock of what
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  Speaker 2: exactly a butler did, so yeah, we knew everything. We
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  Speaker 2: saw it all.
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  Speaker 4: I kind of want that job, Like you're telling me
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  Speaker 4: I can go through people's luggage and it's not illegal.
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  Speaker 2: Yeah, absolutely you can.
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  Speaker 4: It's great you go through people's luggage, you organize stuff.
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  Speaker 4: I would be having such a fun time. I'd be like,
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  Speaker 4: all right, so top drawer, second draw Okay, actually we're
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  Speaker 4: gonna color coordinate your wardrobe. And it's like little capsule wardrobes,
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  Speaker 4: I don't have so much fun.
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  Speaker 2: Yeah, it was honestly so much fun and even better,
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  Speaker 2: they tip you at the end of it. So I mean.
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  Speaker 4: So so title of this podcast. I got paid to
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  Speaker 4: organize people's sex too exactly money winch you know what,
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  Speaker 4: I'd pay you a lot so that you never told
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  Speaker 4: any that yet here you were on the podcast. They
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  Speaker 4: didn't tip enough a baron apparently not.
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  Speaker 2: You're welcome.
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  Speaker 4: Sorry, sorry, Oh my gosh, So tell me more, tell
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  Speaker 4: me more about either this job or like what happened
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  Speaker 4: next my friend.
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  Speaker 2: Yeah, I was overseas for a couple of years, and
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  Speaker 2: I alwaysknew I wanted to come back to UNI. And
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  Speaker 2: when I was coming back, I was like, oh, I'll
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  Speaker 2: either do marketing journalism or I could just try and
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  Speaker 2: get into medicine. Like, we'll just see what happens. And
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  Speaker 2: so I applied for biomedical science or marketing journalism.
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  Speaker 4: They're very similar. So it just makes sense that you
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  Speaker 4: would apply for both of those at the same time
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  Speaker 4: and just, you know, throw your career, throw your career
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  Speaker 4: to the wind, like whatever happens happened. I might become
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  Speaker 4: a marketer, might become a doctor who knows, We'll.
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  Speaker 2: Just see what happens. And then evidently I got into
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  Speaker 2: buiomedical science, which was Ashan and then yeah, I did
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  Speaker 2: my undergrad and an honest year, So I did that.
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  Speaker 2: It was really good, had a great time. I was
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  Speaker 2: at a smaller university, so we had a really good cohort.
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  Speaker 2: And then I graduated at the end of twenty nineteen,
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  Speaker 2: and then COVID hit.
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  Speaker 4: And oh gosh, yeah we did back home with.
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  Speaker 2: My parents and we actually all got emails. Our cohort
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  Speaker 2: that graduated got emails from the Department of Health being like, hey,
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  Speaker 2: we need people with a BioMed background to come and
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  Speaker 2: help us with data because we have so much out
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  Speaker 2: all of a sudden. And so I got hired by
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  Speaker 2: the Department of Health, and I progressed really rapidly, So
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  Speaker 2: I think within like the first three months, I had
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  Speaker 2: like jumped three jobs just because they needed anyone to
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  Speaker 2: expand and expanded expand.
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  Speaker 4: Well, it kind of makes sense, especially during a period
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  Speaker 4: of time where we knew nothing about what was going on,
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  Speaker 4: and they would have hired you into a role and
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  Speaker 4: then be like, oh my gosh, she's actually competent at
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  Speaker 4: this light. Let's bumper up and bumper up because we
• 8:48
  Speaker 4: can see talent and it would have been hard because
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  Speaker 4: they've never done this that we've never had this data before.
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  Speaker 2: Right, yeah, exactly so. But it was really great because
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  Speaker 2: they'd hired basically a whole group of people that already
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  Speaker 2: knew how to work together, that actually had a culture
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  Speaker 2: that existed, which was.
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  Speaker 4: A really smartus geniuses.
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  Speaker 2: Yeah. I don't know how they made it happen, but
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  Speaker 2: it worked anyway. So I yeah, jumped up the ranks
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  Speaker 2: a little bit quickly. Definitely unprecedented, which is the fun
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  Speaker 2: word of the.
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  Speaker 4: Time, right, yes, absolutely, And then yeah, so I then
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  Speaker 4: got offered to step up again.
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  Speaker 2: And at the time I was sitting in the exams
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  Speaker 2: for trying to get into medicine, I just thought, I'll
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  Speaker 2: just do it and see how I go and give
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  Speaker 2: it a crack or whatever. Like, if it happens, it happens.
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  Speaker 2: If it doesn't, it doesn't.
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  Speaker 4: I like how nonchalant you are about becoming a doctor,
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  Speaker 4: when BIA are definitely going to be people listening to
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  Speaker 4: this who have slaved their lives away to become a doctor.
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  Speaker 4: They have you know, what is it the MSAT or
• 9:43
  Speaker 4: something they tested at the start that yeah, whatever it is,
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  Speaker 4: they're just like slaving away, trying their hardest to get there,
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  Speaker 4: and you're like, yellow, if I get in, If I
• 9:51
  Speaker 4: get in, it'll be fine. And obviously you have gotten in,
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  Speaker 4: and they're probably looking at you being like Nigel, I
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  Speaker 4: cannot we hate, but you just don't care about being here.
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  Speaker 4: And I've worked my entire life to get here.
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  Speaker 2: Yeah. Absolutely, And look, I'm very well aware of my position.
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  Speaker 2: I'm very privileged.
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  Speaker 4: Okay, you're not privileged. No, that's not privilege. That's intelligence,
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  Speaker 4: my friend, that's you being a smart cookie. That's your
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  Speaker 4: experience as Nigel. Yeah, coming out.
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  Speaker 2: Nigel definitely helped. But yeah, so I did that, and
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  Speaker 2: I like, but I suppose this is where I say, yeah,
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  Speaker 2: I don't know. The reason I call it privilege is
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  Speaker 2: because I genuinely just scraped through, like I just got
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  Speaker 2: enough to leave my application in and I actually forgot
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  Speaker 2: that I had left my application in to medicine.
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  Speaker 4: Okay, but peace get degree.
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  Speaker 2: Yes, honestly. Yeah. So and then randomly I was checking
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  Speaker 2: my junk email and I had an interview in two days, so.
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  Speaker 4: Your mad interview was in your junk keymail, and you
• 10:49
  Speaker 4: were like, ah, oh lucky. I got that two days before.
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  Speaker 4: Were you like, oh, actually, I can reschedule that coffee
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  Speaker 4: with a friend I might go.
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  Speaker 2: Yeah exactly. It was Yeah, like I said, I'm definitely
• 11:02
  Speaker 2: the Swiss cheese model. I fell through every crack somehow.
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  Speaker 4: I like that. Yeah, I like that. Swiss cheese is
• 11:07
  Speaker 4: also delicious.
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  Speaker 2: I mean, it's not a bad thing to be.
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  Speaker 4: Hey, what happened next? Yeah?
• 11:11
  Speaker 2: So at the same time, so I was offered to
• 11:13
  Speaker 2: increase my I guess responsibility and move off to the ranks.
• 11:17
  Speaker 2: And I said, I can't do it full time, but
• 11:20
  Speaker 2: I can take it on until, like I can take
• 11:22
  Speaker 2: it on as an acting role. And they said yep.
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  Speaker 2: So I think my salary was I think it was
• 11:28
  Speaker 2: like a one oh one, literally one hundred thousand.
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  Speaker 4: So I like just just got over Yeah.
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  Speaker 2: And I did that for about seven months, and then
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  Speaker 2: I dropped down to part time when I started med
• 11:38
  Speaker 2: school the following year. Oh yeah, spoilerrelo, I got into.
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  Speaker 4: Med Really, who would have seen that coming?
• 11:43
  Speaker 2: Yeah? And then I started the following year and I
• 11:45
  Speaker 2: worked part time for that first year and then I
• 11:48
  Speaker 2: just I couldn't do it. It was I just yeah,
• 11:50
  Speaker 2: there was way too much, the expectation and the way
• 11:53
  Speaker 2: that covid that whole role had grown over the time.
• 11:57
  Speaker 2: It was if you were ever to the stars. Knew
• 11:59
  Speaker 2: the changes, and I've been there from the start, but
• 12:02
  Speaker 2: I just couldn't keep up with it anymore because it
• 12:04
  Speaker 2: changed so dynamically, like every you know, twelve hours there
• 12:08
  Speaker 2: was a new policy and whatnot.
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  Speaker 4: Yeah, and like I know that we're laughing about you
• 12:13
  Speaker 4: being the Swiss Cheese model and falling through the cracks,
• 12:15
  Speaker 4: but like there is nothing Swiss cheese model about either
• 12:19
  Speaker 4: doing that role or doing med Like it is grueling,
• 12:21
  Speaker 4: it is hard. There's no way you would have been
• 12:23
  Speaker 4: able to actually do that if you weren't intelligent and
• 12:27
  Speaker 4: you weren't someone who had put that all into study
• 12:30
  Speaker 4: and actually getting it done. So like, even though we're
• 12:32
  Speaker 4: having a bit of a laugh about like a ha haha,
• 12:35
  Speaker 4: I just scraped through, Like even scraping through is so
• 12:38
  Speaker 4: flipping hard, Like so many people fail that, so many
• 12:41
  Speaker 4: people do not get in and make the cut and
• 12:43
  Speaker 4: it's their life dream. So I don't want anyone to
• 12:46
  Speaker 4: think that, oh, the's laughing at the fact that she
• 12:48
  Speaker 4: scraped through. But it's hard, No, no, no, I get it.
• 12:51
  Speaker 4: It's I've had a few friends go through that and
• 12:53
  Speaker 4: it's a nightmare process. I just love your attitude towards
• 12:55
  Speaker 4: it though you're just like yollow, I'm a doctor.
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  Speaker 2: I think it's just like one of those things you
• 13:00
  Speaker 2: have to roll with. But yeah, absolutely recognize. It's devastating,
• 13:04
  Speaker 2: particularly when there's so many people who want and just
• 13:07
  Speaker 2: born to be a doctor and they can't get there
• 13:09
  Speaker 2: because of a stupid exam that doesn't mean anything like
• 13:12
  Speaker 2: that's the issue. It's like it's not a good respect
• 13:15
  Speaker 2: of how good of a doctor that person will be,
• 13:17
  Speaker 2: and I think they're moving away from that as a whole.
• 13:19
  Speaker 4: That is, I guess a summary of the entire world. Right.
• 13:23
  Speaker 4: I feel like so many people are born to be
• 13:25
  Speaker 4: things and due to their circumstances or abilities, aren't able
• 13:29
  Speaker 4: to do it when they'd be the best ones for
• 13:30
  Speaker 4: the role. Right, Yeah, like insane. Anyway, I want to
• 13:33
  Speaker 4: know more about you, not about the economy. So tell
• 13:36
  Speaker 4: me what happened next you got into university. You are
• 13:40
  Speaker 4: becoming a baby doctor. It got all too much. You
• 13:42
  Speaker 4: did part time and that's I'm assuming when you went
• 13:46
  Speaker 4: to let's I'm taking a stab in the dark here
• 13:49
  Speaker 4: you moved on to cent Link with zero dollars in savings.
• 13:51
  Speaker 2: Yeah, literally, So I was living in one of the
• 13:54
  Speaker 2: major cities and yeah, rent was just a lot in
• 13:58
  Speaker 2: that time, and so all of my savings that I
• 14:00
  Speaker 2: had saved and that two year period kind of went
• 14:02
  Speaker 2: onto life. Yeah, and I think I'd saved enough to
• 14:07
  Speaker 2: do that, so I was able to like support myself
• 14:09
  Speaker 2: and get myself through to not work as much. But
• 14:12
  Speaker 2: I also had the gap of no Seni Link because
• 14:14
  Speaker 2: I earned just too much as a part timer. So
• 14:17
  Speaker 2: I was in this position where if I didn't work,
• 14:19
  Speaker 2: I couldn't live. But if I worked, like I was
• 14:22
  Speaker 2: not okay. I was just burning out. So I eventually
• 14:26
  Speaker 2: had to cool my parents crying being I met my
• 14:29
  Speaker 2: last dollars, like I don't think I can survive like
• 14:32
  Speaker 2: doing this, and I'm very fortunate and lucky. And my
• 14:35
  Speaker 2: parents were like, yeah, like if if this is what
• 14:37
  Speaker 2: needs to happen, like we can support.
• 14:39
  Speaker 4: You for That's so sweet.
• 14:41
  Speaker 2: Yeah, yeah that was.
• 14:42
  Speaker 4: And you just know, like I know that you prefaced
• 14:44
  Speaker 4: it before you were Like, I had a middle class
• 14:46
  Speaker 4: up bringing. My parents were hairdresser and a nurse from
• 14:49
  Speaker 4: memory and I just know that that would have put
• 14:52
  Speaker 4: them out financially, but like they wanted to help you. Yeah,
• 14:55
  Speaker 4: that's so sweet, and I know that that you know
• 14:57
  Speaker 4: it ebbs and flows, but it's so nice that you
• 14:59
  Speaker 4: have that because so many people fall off the train
• 15:02
  Speaker 4: when it comes to medicine because they just can't cut
• 15:05
  Speaker 4: it and it is unfeasible. As a baby doctor or
• 15:08
  Speaker 4: I call them baby doctors because I've got so many
• 15:09
  Speaker 4: friends that went into medicine. I'm like, they're the baby doctors,
• 15:12
  Speaker 4: even now they're real doctors. I'm like, baby doctor. It's
• 15:15
  Speaker 4: unfeasible most of the time to work and to study,
• 15:18
  Speaker 4: Like it's just actually unreasonable. Like the amount of study
• 15:21
  Speaker 4: you have to do outside class hours is insane to
• 15:24
  Speaker 4: keep up. Like even having a retail job or a
• 15:26
  Speaker 4: hospitality job for most of them doesn't work. And we've
• 15:30
  Speaker 4: had money diarists on the show before who have spoken
• 15:33
  Speaker 4: about their med school careers I suppose and talked about
• 15:36
  Speaker 4: how hard that is, and even one of them was saying,
• 15:39
  Speaker 4: you know what I did to make money and I
• 15:40
  Speaker 4: supported myself. I sold my notes because that's what I
• 15:44
  Speaker 4: spent all my time doing. I sold all of my
• 15:46
  Speaker 4: class notes, and that's how I got by. Like it's hard,
• 15:50
  Speaker 4: so I'm not surprised you ended up there.
• 15:52
  Speaker 2: Yeah. Absolutely, And I am a bit too chaotic to actually,
• 15:56
  Speaker 2: you know, make pretty notes, so I definitely couldn't sell mine.
• 16:00
  Speaker 2: Hear that, And I thought I was very very smart.
• 16:02
  Speaker 4: It's real, real thrifty. Hey, I'm like, you're a genius.
• 16:05
  Speaker 4: Love it.
• 16:05
  Speaker 2: But yeah, it couldn't be me. I'm not organized enough,
• 16:07
  Speaker 2: that's for sure.
• 16:08
  Speaker 4: Couldn't be me. But proud of her, yeah, love it.
• 16:12
  Speaker 2: Yeah, so that's probably I guess where I kind of
• 16:17
  Speaker 2: when I was like, okay, MoMA, d I need help,
• 16:19
  Speaker 2: and then I randomly as a Dolomites kid. Mom and
• 16:23
  Speaker 2: I have had a shared bank account since basically I
• 16:25
  Speaker 2: was born and still love it. So even when I
• 16:28
  Speaker 2: moved overseas, I put my money in that account so
• 16:30
  Speaker 2: she could still technically help if I needed to. And
• 16:32
  Speaker 2: it's just an easy access point for us.
• 16:35
  Speaker 4: That's so cute, that's so trusting as well.
• 16:38
  Speaker 2: Yeah, it's not for everyone, I'll say that much. And
• 16:40
  Speaker 2: my siblings definitely don't have it in play anymore.
• 16:43
  Speaker 4: So they're like Nigel's crazy.
• 16:45
  Speaker 2: Yeah, but it has been I guess handy because we've
• 16:49
  Speaker 2: done that kind of what She's been able to support
• 16:52
  Speaker 2: me and help out, which is.
• 16:53
  Speaker 4: That's so nice to be able to get through it.
• 16:55
  Speaker 4: And now you're in your final year of med school?
• 16:57
  Speaker 4: Is that right?
• 16:58
  Speaker 2: Nearly there? And I've just started working again this year.
• 17:00
  Speaker 2: I've got a bit more I will say a bit
• 17:02
  Speaker 2: more time, but I've actually just filled it all. But yeah,
• 17:04
  Speaker 2: I'm working again as of this. Yara work remote, which
• 17:08
  Speaker 2: is great.
• 17:08
  Speaker 4: I was about to say what type of work are
• 17:10
  Speaker 4: you doing? It actually slots in with being a med
• 17:12
  Speaker 4: student in their final year.
• 17:13
  Speaker 2: Yeah, I'm doing health admin which is pretty crazy perfect,
• 17:16
  Speaker 2: I'm honest, And yeah, it's remote work. I can do
• 17:19
  Speaker 2: it wherever I am, so I can visit family and
• 17:22
  Speaker 2: friends and just take it with me and do it
• 17:23
  Speaker 2: wherever I am.
• 17:24
  Speaker 4: Oh, how good? Now tell me about what the future
• 17:27
  Speaker 4: looks like. You are currently a med student. You are thirty.
• 17:31
  Speaker 4: I want to talk about that fertility preservation treatment in
• 17:34
  Speaker 4: a hot minute, But like, what kind of doctor do
• 17:36
  Speaker 4: you want to be? What does you know it look
• 17:38
  Speaker 4: like once you graduate?
• 17:39
  Speaker 2: Yeah? Money, question that one. So I really want to
• 17:43
  Speaker 2: practice rurally. I like the idea of a rural generalist,
• 17:46
  Speaker 2: which is essentially a GP who has advanced skills, so
• 17:49
  Speaker 2: you can work as an emergency doctor or a pediatrician
• 17:53
  Speaker 2: or hell care or whatever it might be, so you
• 17:56
  Speaker 2: can kind of do all of the other different types
• 17:58
  Speaker 2: of medicine as well as being a GP. I like
• 18:00
  Speaker 2: that concept, but we'll see. But I do really like pediatrics,
• 18:04
  Speaker 2: so working with kids and emergency medicine as well. So
• 18:08
  Speaker 2: that's kind of where I'm kind of gearing towards at
• 18:12
  Speaker 2: the moment, But we'll see what happens. We've got to
• 18:14
  Speaker 2: do like general years first, so I'll see what I
• 18:16
  Speaker 2: like then. And yeah, I suppose because I'm thirty, I'm
• 18:20
  Speaker 2: kind of thinking about what's going to happen in my
• 18:22
  Speaker 2: next five years and ten years. And there's obviously some
• 18:26
  Speaker 2: other stuff. You know, you mentioned the fertility preservation stuff
• 18:28
  Speaker 2: I've been going through.
• 18:29
  Speaker 4: Yeah, I want to know more about that because to me,
• 18:32
  Speaker 4: it makes a lot of sense because you told me earlier.
• 18:34
  Speaker 4: I'm thirty, you know, I'm actually in my final year
• 18:36
  Speaker 4: as a med student. And while I hate the fact
• 18:40
  Speaker 4: that women have to choose between a career and you know,
• 18:43
  Speaker 4: having a family, at the moment, you're kind of like
• 18:46
  Speaker 4: at that juxtaposition where you're probably and this is an assumption,
• 18:49
  Speaker 4: you can tell me to go shove it or not.
• 18:51
  Speaker 4: You're probably starting to feel a bit of pressure because
• 18:53
  Speaker 4: I remember when I turned thirty going, oh, I never
• 18:56
  Speaker 4: thought about my fertility like windows or my biology, cool clock,
• 19:00
  Speaker 4: and doing medicine, you'd know a lot more about that
• 19:03
  Speaker 4: than the average bear. So tell me why you're going
• 19:06
  Speaker 4: through that fertility preservation treatment pathway and like, what does
• 19:09
  Speaker 4: that actually look like? How much is it costing you?
• 19:11
  Speaker 2: Yeah? Sure, yeah a lot. Although yeah, I suppose in
• 19:15
  Speaker 2: terms of the why. So I started thinking about it,
• 19:19
  Speaker 2: I guess last year, and I was like, oh, maybe
• 19:21
  Speaker 2: I should look into it, and then I thought, oh,
• 19:22
  Speaker 2: I'll just start taking the steps, and it was more
• 19:25
  Speaker 2: of an insurance policy. So I was doing it just
• 19:27
  Speaker 2: to kind of have the eggs in the bank. And
• 19:29
  Speaker 2: I'm again talking from a very privileged position. I know
• 19:32
  Speaker 2: not everyone's in that situation. That's possible, but this was
• 19:35
  Speaker 2: my experience, and so I suppose I kind of started
• 19:38
  Speaker 2: looking into it as an insurance thing, and then as
• 19:42
  Speaker 2: I started doing that, I found out that I actually
• 19:44
  Speaker 2: had some medical reasons that needed to have it done for.
• 19:47
  Speaker 4: Wow, yeah, and you wouldn't have known if you hadn't
• 19:50
  Speaker 4: started going down that path.
• 19:51
  Speaker 2: So it very much went from a like I literally
• 19:54
  Speaker 2: was going to do it as like a backup plan,
• 19:56
  Speaker 2: and then I went in and I remember sitting down
• 19:58
  Speaker 2: in front of this like the nurse case that I
• 20:00
  Speaker 2: hadn't met before, and within like two minutes she was like, yeah,
• 20:02
  Speaker 2: so if you want to have kids, you'll have to
• 20:04
  Speaker 2: do it in the next year.
• 20:04
  Speaker 4: And I was just like, I'm sorry, what. Yeah. I
• 20:07
  Speaker 4: was like, uh, no pressure, and like, to be really pervy,
• 20:11
  Speaker 4: Do you have a partner?
• 20:12
  Speaker 2: I do, but he's also twenty five and.
• 20:14
  Speaker 4: You know he's not ready and you're not at that
• 20:17
  Speaker 4: point in your life where that's what you want to do.
• 20:19
  Speaker 4: Oh my god, the pressure? How did that go? I
• 20:22
  Speaker 4: would have probably burst into tears. I did, yeah, normal response,
• 20:26
  Speaker 4: And then what you go home and have a chat
• 20:28
  Speaker 4: with your partner and be like we're not ready for this, yeah.
• 20:30
  Speaker 2: And like we'd already have the chat obviously because I
• 20:32
  Speaker 2: was starting to look into it, so we already were out.
• 20:35
  Speaker 2: And then I was like, actually, guess what. So yeah,
• 20:39
  Speaker 2: it was not good, and as you could expect, I
• 20:42
  Speaker 2: was a mess and it also was like a very
• 20:44
  Speaker 2: much a thing of Okay, we need to start this now.
• 20:47
  Speaker 2: So it was I think two weeks later I was injecting.
• 20:50
  Speaker 4: Like wow, do with injections and.
• 20:52
  Speaker 2: Taking the medications. So yeah, it was a really quick turnaround.
• 20:56
  Speaker 2: And again, I'm very lucky to have had the support
• 20:59
  Speaker 2: of my family, and i'd kind of spoken to mom
• 21:02
  Speaker 2: and dad and seeing whether or not that was something
• 21:04
  Speaker 2: they could assist me with, knowing that you know, in
• 21:06
  Speaker 2: a year's time, I hopefully will have an incoming can
• 21:08
  Speaker 2: pay back.
• 21:09
  Speaker 4: Yeah, of course.
• 21:10
  Speaker 2: Yeah, so I was kind of in a position where
• 21:12
  Speaker 2: they were able to help with that, which I'm so
• 21:14
  Speaker 2: grateful for and lucky.
• 21:16
  Speaker 4: The other thing I will interject with here is if
• 21:18
  Speaker 4: people are going through this and they don't have that
• 21:20
  Speaker 4: family support, you are able to access your superannuation for
• 21:23
  Speaker 4: stuff like this. So you are able to access your
• 21:27
  Speaker 4: funds in your super to be able to pay for
• 21:29
  Speaker 4: fertility treatments and you know, egg preservation and things like that.
• 21:34
  Speaker 4: And if you are confused about it, there's heaps of
• 21:35
  Speaker 4: information online, but the best thing you can do is
• 21:38
  Speaker 4: actually call your super company and have a chat with
• 21:41
  Speaker 4: them about what that might mean for you. Because they
• 21:43
  Speaker 4: will let you know what that process looks like, how
• 21:46
  Speaker 4: you access funding, what it means to access funding, where
• 21:50
  Speaker 4: you can go where you might not go, and you
• 21:53
  Speaker 4: know how much you can actually get because it's going
• 21:55
  Speaker 4: to depend on how you access it. But I don't
• 21:58
  Speaker 4: want people to think that, Oh my god, and I
• 22:00
  Speaker 4: know that Nigel, your experience is a bit different. But
• 22:04
  Speaker 4: it's so nice that you've got that support. But you
• 22:07
  Speaker 4: can access your superannuation and while obviously from a wealth
• 22:11
  Speaker 4: point of view, that's not the best thing ever, we
• 22:13
  Speaker 4: can also access it, get the fertility treatment we need,
• 22:17
  Speaker 4: and talk about how we build that amount back up
• 22:20
  Speaker 4: before we retire, so we're not, you know, behind on anything,
• 22:24
  Speaker 4: Like there's always going to be a strategy at play,
• 22:26
  Speaker 4: and if it means that, you know, in the next
• 22:28
  Speaker 4: couple of years at work, we contribute a few extra
• 22:30
  Speaker 4: dollars each month towards your super, so over the long
• 22:34
  Speaker 4: term it builds back up. I think we're in the
• 22:35
  Speaker 4: best possible position for everyone. Sorry side note, because I
• 22:39
  Speaker 4: want everyone to have access to this. Yeah.
• 22:41
  Speaker 2: Absolutely, it's like such a huge I guess weight to
• 22:44
  Speaker 2: kind of take on. And yeah, like I said, I'm
• 22:47
  Speaker 2: very lucky to be in the position, but I can't
• 22:49
  Speaker 2: imagine being in a position where it's something that I
• 22:52
  Speaker 2: feel is invisible. So I completely yeah, really important.
• 22:56
  Speaker 4: So where are you at in that process now?
• 22:58
  Speaker 2: Yeah, I've had two of egg collection. I didn't have
• 23:03
  Speaker 2: great numbers collected, which was traumatic to say the least it.
• 23:07
  Speaker 4: Would be because you're already going through a traumatic process.
• 23:11
  Speaker 4: You're injecting yourself, you're going through a whole heap of
• 23:14
  Speaker 4: trashy emotions like they boost all of your hormone like
• 23:17
  Speaker 4: it would have been trash you to then find out
• 23:20
  Speaker 4: you didn't have enough eggs like collected and that you
• 23:23
  Speaker 4: have to go again.
• 23:24
  Speaker 2: Yeah, And they kind of started with being like we're
• 23:26
  Speaker 2: going to collect this amount, and then it was every
• 23:28
  Speaker 2: time I spoke to someone else, it just got lower
• 23:30
  Speaker 2: and lower and lower and lower and lower, and I
• 23:32
  Speaker 2: just it was just awful.
• 23:34
  Speaker 4: I'm so sorry. That's really just honestly, it's really shitty.
• 23:37
  Speaker 2: Yeah, it is shitty, but that was that's all right.
• 23:39
  Speaker 2: I went through and at least no one else has to, hopefully,
• 23:42
  Speaker 2: But yeah, it just took a big toll. And of course,
• 23:46
  Speaker 2: because things don't happen to me in you know, small
• 23:49
  Speaker 2: little batches. It all happens at once. I also happened
• 23:52
  Speaker 2: to be on obstetrips and gynecology at the time. My
• 23:55
  Speaker 2: rotation and pediatrics were my two rotations over that period,
• 23:59
  Speaker 2: So that was a real knife in the gut.
• 24:01
  Speaker 4: Yeah, just a really heavy piece of content that you're
• 24:04
  Speaker 4: having to deal with every single day. Oh, I'm so sorry.
• 24:08
  Speaker 2: It was challenging. But anyway, enough of that, that's you know,
• 24:10
  Speaker 2: it is what it is. Can't change it. And I've
• 24:13
  Speaker 2: gone through two cycles. I think at this stage I'm
• 24:15
  Speaker 2: just going to pause on it for a little bit
• 24:18
  Speaker 2: because it really did take a toll, and I will
• 24:21
  Speaker 2: look at it again next year when I have the
• 24:23
  Speaker 2: income to support myself to do it. At the moment,
• 24:25
  Speaker 2: so in terms of cost, my initial quotes were, I
• 24:29
  Speaker 2: think it was seven and a half thousand plus the
• 24:32
  Speaker 2: antisepty which is about four hundred.
• 24:34
  Speaker 4: Bucks per cycle per.
• 24:35
  Speaker 2: Cycle, yeah, plus the day procedure, which was I think
• 24:39
  Speaker 2: nine to ninety as well, So it was around about
• 24:41
  Speaker 2: just shire ten thousand.
• 24:43
  Speaker 4: Ten thousand dollars around.
• 24:44
  Speaker 2: It was out of pocket without private health, without Medicare,
• 24:47
  Speaker 2: and then Medicare. I hit my top rebate, my threshold sorry,
• 24:53
  Speaker 2: and it was then changed to be a medically required procedure.
• 24:58
  Speaker 2: So I think in the end, out of pocket, I
• 25:01
  Speaker 2: think it's three and a half of three thy six
• 25:03
  Speaker 2: hundred per cycle was what it ended up costing me
• 25:06
  Speaker 2: out of pocket, which.
• 25:07
  Speaker 4: Is still a lot of money. And we're not just
• 25:10
  Speaker 4: talking like a lot of money to guarantee you have
• 25:12
  Speaker 4: kids either, we're talking a lot of money for a
• 25:15
  Speaker 4: better chance at having kids, yes, exactly, and so like
• 25:18
  Speaker 4: that would weigh really heavily. And it also doesn't include
• 25:22
  Speaker 4: all of the cost of storage because those eggs need
• 25:25
  Speaker 4: to be stored over the long term, and then once
• 25:27
  Speaker 4: you decide to use one of your eggs, the insemination process.
• 25:32
  Speaker 4: So it's actually insane to think what we have to
• 25:34
  Speaker 4: go through as women to start a family. But I'm
• 25:37
  Speaker 4: really proud that you went through that because it's probably
• 25:39
  Speaker 4: giving you a little bit of peace of mind, is
• 25:41
  Speaker 4: that right?
• 25:41
  Speaker 2: Yeah? Absolutely. I think what I have now is obviously
• 25:44
  Speaker 2: not what I want to end up with, so I'll
• 25:46
  Speaker 2: definitely go further with it as needed, but for now,
• 25:49
  Speaker 2: I'm happy enough that I have something to work with.
• 25:53
  Speaker 4: And yeah, no, I love that.
• 25:54
  Speaker 2: And just on the freezing, my freezing costs are two
• 25:57
  Speaker 2: hundred and fifty five dollars every six months.
• 26:00
  Speaker 4: Every six months. Yeah, Oh my gosh, that feels like
• 26:04
  Speaker 4: a massive Like I feel like my phone bill is
• 26:06
  Speaker 4: less than that. Yeah, Like, oh my god.
• 26:08
  Speaker 2: Yeah, So anyway, just some more in pro I guess.
• 26:12
  Speaker 4: Oh my gosh. All right, Well, I've got a heap
• 26:14
  Speaker 4: of questions for you. I want to know how much
• 26:15
  Speaker 4: a you're earning right now. You mentioned before that you
• 26:18
  Speaker 4: were doing health admin and what does that mean and
• 26:20
  Speaker 4: how much does that pay?
• 26:21
  Speaker 2: Yeah, so at the moment, I'm basically just managing waiting
• 26:24
  Speaker 2: rooms for our online service, and it depends. I'm a
• 26:28
  Speaker 2: casual employee, so it changes every fortnite. So you paid
• 26:32
  Speaker 2: for pnately roughly, I would say I get anywhere between
• 26:37
  Speaker 2: six hundred dollars to one thousand dollars a fortnight through
• 26:39
  Speaker 2: that job. It pays pretty decently, and sorry, I should
• 26:43
  Speaker 2: say very decently.
• 26:44
  Speaker 4: Really, how much is that per hour?
• 26:46
  Speaker 2: It's about thirty six dollars per hour, and then I'm
• 26:49
  Speaker 2: on top of that weekend I guess rates as well.
• 26:53
  Speaker 4: Our loadings and stuff as well, and you get to
• 26:55
  Speaker 4: work from home. You're just online making thirty six bucks
• 26:58
  Speaker 4: in it, okay, must be night, that's all right.
• 27:01
  Speaker 2: Yeah, so I do that, and then I also get
• 27:04
  Speaker 2: center links still, which is about six hundred and twenty
• 27:07
  Speaker 2: I think per fortnite. So you can understand why I live.
• 27:10
  Speaker 2: You off six hundred and twenty bucks a fortnight was
• 27:12
  Speaker 2: a bit difficult without a job, all.
• 27:13
  Speaker 4: Right, Yeah, it definitely is. And as a student, even
• 27:17
  Speaker 4: you're just your costs over the year for rent and
• 27:20
  Speaker 4: food and even textbooks to study, like, it's more than that. Absolutely,
• 27:24
  Speaker 4: So you do often see people having to work. But
• 27:27
  Speaker 4: it's nice that the top up exists because I know
• 27:29
  Speaker 4: it's not the same for lots of other countries. Tell
• 27:33
  Speaker 4: me what's your big money goal at the moment? We
• 27:35
  Speaker 4: talked about fertility, We talked about you having a partner, Like,
• 27:38
  Speaker 4: is it property? Is it you know this fertility stuff.
• 27:40
  Speaker 4: Is it being able to move regionally to be a
• 27:43
  Speaker 4: regional doctor? Like, what are your big money goals?
• 27:45
  Speaker 2: Yeah, so at the moment, my biggest money goal is
• 27:47
  Speaker 2: actually going overseas for a trip.
• 27:51
  Speaker 4: Oh you know what, babe, you deserve it. What does
• 27:53
  Speaker 4: that look like?
• 27:54
  Speaker 2: Yeah, at the end of the year, we're hoping to
• 27:56
  Speaker 2: a few of us go overseas. And have a bit
• 27:57
  Speaker 2: of a break before we start working.
• 27:59
  Speaker 4: We sell reading the fact that we're graduating as doctors, like, oh,
• 28:03
  Speaker 4: how cool.
• 28:04
  Speaker 2: So we're hoping to do balley in Japan, which will
• 28:08
  Speaker 2: be fun. And at the moment, flights accommodation for BALI
• 28:12
  Speaker 2: are costing us about all one thousand and two hundred,
• 28:15
  Speaker 2: I'll say, and we haven't really costed Japan yet, but.
• 28:18
  Speaker 4: A bit more expensive. But I feel like it's really
• 28:20
  Speaker 4: reasonable at the moment. Yeah, like super reasonable. I would
• 28:23
  Speaker 4: love to visit Japan, and everyone in my team except
• 28:25
  Speaker 4: for me, has in the recent years and apparently it's incredible,
• 28:29
  Speaker 4: Like Jess and Beck rave about Japan. They're both the
• 28:32
  Speaker 4: biggest Japan fans. So I feel like it would be
• 28:34
  Speaker 4: rude not to try, given they've got good recommendation.
• 28:37
  Speaker 2: Ye, give it a go. Well, yeah, I'm very excited.
• 28:39
  Speaker 2: So we're hoping to do that. I'm aiming to save
• 28:43
  Speaker 2: I think I'll be lucky if I eight grand for that,
• 28:45
  Speaker 2: but I am hoping.
• 28:48
  Speaker 4: I feel like that's reasonable, that's reasonable, and also that
• 28:51
  Speaker 4: would be a good holiday. Yeah, I agree for two locations.
• 28:55
  Speaker 2: Yeah, so that's the plan. That's the big money goal
• 28:58
  Speaker 2: at the moment, and then I think the plan after
• 29:01
  Speaker 2: that is to kind of start saving and look at property.
• 29:05
  Speaker 4: Then oh, I love that. All right, let's go to
• 29:07
  Speaker 4: a really quick break on the flip side. I want
• 29:09
  Speaker 4: to know your thoughts about investments and debt and then
• 29:11
  Speaker 4: your best and worst money habits. I feel like as
• 29:13
  Speaker 4: a med student you've probably got a few savvy habits
• 29:17
  Speaker 4: that we can learn from. So guys, don't go anywhere
• 29:24
  Speaker 4: money Direstaret Nigel, as you've become known on this episode.
• 29:27
  Speaker 4: We are back, and I'm really excited about this episode.
• 29:30
  Speaker 4: I feel like you are one very engaging to talk to,
• 29:33
  Speaker 4: which is why the first half of the episode was
• 29:36
  Speaker 4: very rich and very long. I have adored talking to
• 29:39
  Speaker 4: you thus far, but it's also been super interesting. I
• 29:43
  Speaker 4: want to know, though, as a Med student who has
• 29:46
  Speaker 4: gone from, you know, earning one hundred thousand dollars to
• 29:49
  Speaker 4: then being on centlink and having zero dollars in savings,
• 29:52
  Speaker 4: what are your thoughts on investments? Do you have them?
• 29:54
  Speaker 4: Do you think about them?
• 29:55
  Speaker 1: Like?
• 29:56
  Speaker 4: What does that look like at this point in your journey?
• 29:58
  Speaker 2: Yeah, so I obviously has some super up my stall. Yes,
• 30:03
  Speaker 2: so at the moment my super sitting at about thirty
• 30:06
  Speaker 2: one thousand dollars.
• 30:08
  Speaker 4: Honestly, not that bad for being thirty and having studied
• 30:12
  Speaker 4: for so long.
• 30:13
  Speaker 2: Yeah, yeah, I worked down. I'm in my tenth year
• 30:15
  Speaker 2: of university, which is crazy.
• 30:16
  Speaker 4: I feel like that's a common doctor experience.
• 30:19
  Speaker 2: Yeah. So I suppose the only issue with that is
• 30:22
  Speaker 2: that I had a couple of years where I wasn't
• 30:24
  Speaker 2: contributing at all, so obviously didn't get that compounding interest.
• 30:27
  Speaker 4: But we're aware of it, and that is okay, And
• 30:31
  Speaker 4: let's be honest. I feel like there is a misconception
• 30:33
  Speaker 4: that doctors earned the big bucks always and that's not
• 30:36
  Speaker 4: necessarily true. But it is a steady and good income.
• 30:40
  Speaker 4: So once you do get to that stage, we can
• 30:42
  Speaker 4: probably build it back up.
• 30:43
  Speaker 2: Yeah, exactly, and I'm planning to do that. So yeah,
• 30:47
  Speaker 2: aware of where I need to work on it. And
• 30:50
  Speaker 2: then in terms of other investments I have started, I
• 30:53
  Speaker 2: was very nervous, but I did start doubling in Chasis.
• 30:56
  Speaker 4: Who is she? I love this.
• 30:58
  Speaker 2: You'll be amazed at how much money I've put in there.
• 31:01
  Speaker 2: I put in five dollars a week.
• 31:03
  Speaker 4: Yeah, that's perfect, and why would I be amazed? Like
• 31:05
  Speaker 4: that's literally consistent what we want is consistent investments always.
• 31:10
  Speaker 2: Yeah, exactly. So I'm up to forty dollars in Chezy's
• 31:13
  Speaker 2: and I slay Queen. Yeah, lost about a dollar fifty
• 31:15
  Speaker 2: of that, So we're doing well. But that's fine.
• 31:18
  Speaker 4: Investing is good over the long term. Short term, sometimes
• 31:22
  Speaker 4: it can feel like you're being kicked in the teeth. Yeah,
• 31:24
  Speaker 4: Sometimes you look at it and you're like, what the hell,
• 31:26
  Speaker 4: that's so rude. But we're in it for the long
• 31:28
  Speaker 4: term and we're in it together.
• 31:29
  Speaker 2: Yeah exactly. So, Yeah, that's kind of what I've got
• 31:33
  Speaker 2: going at the moment for investments and hoping to just
• 31:35
  Speaker 2: continue that.
• 31:36
  Speaker 4: On How have you picked your investments on chairs eas
• 31:38
  Speaker 4: Because I mean, we talk about it all the time,
• 31:40
  Speaker 4: but Chezya's is the platform on which you're investing. Once
• 31:43
  Speaker 4: you're there, sometimes people get analysis paralysis and go, oh
• 31:47
  Speaker 4: my gosh, be I didn't know what to do, so
• 31:49
  Speaker 4: I didn't do anything. How did you pick your first
• 31:51
  Speaker 4: investments on that platform?
• 31:53
  Speaker 2: Yeah, so I definitely did get analysis paralysis. I downloaded
• 31:56
  Speaker 2: it like six months ago and then I was like, panic,
• 31:58
  Speaker 2: let's put this.
• 31:59
  Speaker 4: To the side. It's so common.
• 32:01
  Speaker 2: Yeah, and then I started kind of looking into it
• 32:04
  Speaker 2: again a couple of months ago, and I just decided
• 32:08
  Speaker 2: that single I guess companies weren't really I didn't want
• 32:12
  Speaker 2: to have to watch it really, so I chose ETFs.
• 32:15
  Speaker 2: So I think I have a vanguard and I want
• 32:17
  Speaker 2: to say better shares. I don't know if that's how
• 32:18
  Speaker 2: you pronounce.
• 32:19
  Speaker 4: It, but it's better shares whatever you want to call it. Yeah,
• 32:22
  Speaker 4: I mean, I do know the CEO of Beta Shares
• 32:24
  Speaker 4: and he's fantastic, but I haven't actually ever clarified if
• 32:27
  Speaker 4: it's better Shares or Beta shares, So I hope that
• 32:29
  Speaker 4: I haven't been talking to him directly. You've seen the
• 32:31
  Speaker 4: wrong one, and that's just something to give me anxiety
• 32:34
  Speaker 4: later at three am, carry on.
• 32:37
  Speaker 2: Yeah, So I have a couple of ETFs and I
• 32:40
  Speaker 2: haven't really gone too much like further than that. I
• 32:42
  Speaker 2: just put in five bucks each week and.
• 32:45
  Speaker 4: See what happens, how good.
• 32:47
  Speaker 2: The plan is to just kind of keep it going,
• 32:48
  Speaker 2: and then eventually next year I'm hoping to essentially get
• 32:53
  Speaker 2: like a financial advisor and see what I should be
• 32:56
  Speaker 2: doing with the actual income I'm getting and how to
• 32:58
  Speaker 2: split that.
• 32:59
  Speaker 4: And now I know you've got analysis paralysis at the start,
• 33:02
  Speaker 4: and it took a little while to pick what worked
• 33:04
  Speaker 4: for you. But now you're there, are you like, oh,
• 33:06
  Speaker 4: this is good or this is overwhelming or what does
• 33:09
  Speaker 4: that look like? Now you're invested? Because I feel like
• 33:11
  Speaker 4: so many of us are actually still stuck in that
• 33:13
  Speaker 4: analysis paralysis area of like do I pick individual shares?
• 33:17
  Speaker 4: Do I pick an ETF? Oh my gosh, I've decided ETF?
• 33:19
  Speaker 4: What EDF do I pick?
• 33:21
  Speaker 2: Like?
• 33:22
  Speaker 4: Are you okay? Now?
• 33:24
  Speaker 2: I would say I'm like halfway there. I'm definitely still
• 33:27
  Speaker 2: like confused at some points. So I'm still trying to
• 33:30
  Speaker 2: like look into the ETFs and what they I'm definitely
• 33:33
  Speaker 2: looking at what companies they actually are invested in love.
• 33:36
  Speaker 2: I am trying to kind of like see what their
• 33:39
  Speaker 2: pattern is over time and having a look at that.
• 33:42
  Speaker 2: But other than that, I haven't really delved too much
• 33:44
  Speaker 2: further into it. I'm aware that I can and I could.
• 33:47
  Speaker 4: She's a work in progress. I like that.
• 33:49
  Speaker 2: Yeah, work in progress is my is my thing.
• 33:51
  Speaker 4: It was your theme when you wrote into Us as well.
• 33:54
  Speaker 4: You said financial status work in progress. So I do
• 33:57
  Speaker 4: love that.
• 33:57
  Speaker 2: Yeah, and I think it will be forever.
• 33:59
  Speaker 4: But you know, so talk to me about debt. Do
• 34:02
  Speaker 4: you have any debts owing to any human being or
• 34:06
  Speaker 4: financial institution.
• 34:07
  Speaker 2: Yes, so I've got a couple. So obviously, I, like
• 34:11
  Speaker 2: I said before, I've got the debt that I'll be
• 34:13
  Speaker 2: paying back to my parents.
• 34:14
  Speaker 4: That's why I said human beings. I was, I know
• 34:16
  Speaker 4: it's coming.
• 34:17
  Speaker 2: Yeah, so I'm very lucky that it's interest free.
• 34:20
  Speaker 4: But the sexiest kind of debt, let's be honest, I mean,
• 34:23
  Speaker 4: let's take away the fact that the un sexiest kind
• 34:26
  Speaker 4: of debt is money that you owe to family or friends.
• 34:28
  Speaker 4: My interest free very sexy.
• 34:30
  Speaker 2: Yes, yeah, so I have a round about I would
• 34:35
  Speaker 2: say seven and a half grand. That's just from your
• 34:37
  Speaker 2: fertility preservation treatments. And actually it might be a little
• 34:41
  Speaker 2: bit higher because I think there's a car service on
• 34:42
  Speaker 2: top of that.
• 34:43
  Speaker 4: Oh my gosh, of course, one thing after another.
• 34:46
  Speaker 2: Yeah, But aside from that, I also have the lovely
• 34:49
  Speaker 2: help debt loan. So at the moment, my higher education
• 34:54
  Speaker 2: loan is sitting at eighty eight thousand dollars. And I
• 34:58
  Speaker 2: also then have a student stuff loan, which is alone
• 35:01
  Speaker 2: you can get via center link as a student. It's
• 35:04
  Speaker 2: a semesterly payment or yeah.
• 35:06
  Speaker 4: Yeah, loan every month and how much is that?
• 35:09
  Speaker 2: Yeah, and my total for that is eleven thousand, two
• 35:12
  Speaker 2: hundred dollars. So in total, yeah, I'm looking at about
• 35:17
  Speaker 2: one hundred thousand dollars in debt.
• 35:19
  Speaker 4: But we do need to stipulate the difference between good
• 35:22
  Speaker 4: and bad debt. I think that you know the idea
• 35:25
  Speaker 4: that if we put on paper this money direst is
• 35:27
  Speaker 4: one hundred thousand dollars in debt. That's really overwhelming, But
• 35:31
  Speaker 4: it's actually you putting future you first, like that help
• 35:34
  Speaker 4: and HEXT debt. Mine used to be six figures and
• 35:37
  Speaker 4: it was terrifying at the time, but that's what's helped
• 35:41
  Speaker 4: to get me where I'm going. And it's obvious that
• 35:43
  Speaker 4: you've been really purposeful. You're like, I really want to
• 35:45
  Speaker 4: be a doctor. I'm really committed to this career over time. Yes,
• 35:49
  Speaker 4: it will impact your cash flow, but nobody will not.
• 35:53
  Speaker 4: Many people have the ability to pay their education upfront,
• 35:58
  Speaker 4: Like to me, that is wild, So having that makes
• 36:01
  Speaker 4: a lot of sense. The students start up loan I
• 36:03
  Speaker 4: think makes a lot of sense as well, because it's
• 36:05
  Speaker 4: you know, lumped in with help and HEX and really
• 36:08
  Speaker 4: does help you get ahead. Like I'm assuming here that
• 36:11
  Speaker 4: that student loan has meant that you haven't had to
• 36:14
  Speaker 4: further rely on your parents. Yeah exactly, So that's again
• 36:17
  Speaker 4: really sexy and putting your education first and then the
• 36:20
  Speaker 4: seven and a half grand plus the car service you oh,
• 36:23
  Speaker 4: your parents, Like, that's you know you again putting future
• 36:27
  Speaker 4: you first. So while it can seem overwhelming, I love
• 36:31
  Speaker 4: that it's not like personal debt. It's not you know,
• 36:34
  Speaker 4: racking up a whole heap of debt on credit cards
• 36:36
  Speaker 4: or personal loans, Whereas when I was in forty thousand
• 36:39
  Speaker 4: dollars worth of debt, they weren't good debt, babe, Like
• 36:41
  Speaker 4: it was me racking up terrible debt. So I think
• 36:44
  Speaker 4: that there's a difference there, and this is putting future
• 36:48
  Speaker 4: you first. So overwhelming, yes, but not unobtainable.
• 36:52
  Speaker 2: Yeah. Absolutely, it's kind of like daunting, but it's also
• 36:54
  Speaker 2: not by daunting. It's fine, I'll pay off you.
• 36:56
  Speaker 4: Actually it's good. All right, Well, I want to know, like,
• 36:59
  Speaker 4: let's change the narrative. What's your best money habit? I
• 37:02
  Speaker 4: feel like over the last few years you would have
• 37:04
  Speaker 4: had to get a little bit savvy with the cash.
• 37:06
  Speaker 4: So what's the best money habit? You could share with
• 37:08
  Speaker 4: our community.
• 37:09
  Speaker 2: Can I have two?
• 37:10
  Speaker 4: I think you can have as many as you want,
• 37:12
  Speaker 4: honestly great. I always ask for one because I just
• 37:15
  Speaker 4: set the bar real low, and then if you give
• 37:17
  Speaker 4: me two, I'm like, we've doubled it.
• 37:18
  Speaker 2: Yeah great, I think like my first one, And to
• 37:21
  Speaker 2: be honest, is probably not my hack. It's more mum's hack.
• 37:23
  Speaker 2: But I've definitely had it instilled from a young age.
• 37:26
  Speaker 2: If you don't have the money for something, you don't
• 37:27
  Speaker 2: buy it. So I've never had it after pay, I've
• 37:29
  Speaker 2: never had a credit card. I've never kind of gone
• 37:32
  Speaker 2: down that road. If I can't afford it, I can't
• 37:34
  Speaker 2: afford it, And so I think that's been a really
• 37:36
  Speaker 2: good I guess lesson for me to have learned early,
• 37:40
  Speaker 2: because I definitely have the personality type where I get
• 37:43
  Speaker 2: attached to things. I want to buy all the things
• 37:45
  Speaker 2: I need for it, and then I'll do it, and
• 37:46
  Speaker 2: then I'll get bored and then try something else. So yeah,
• 37:49
  Speaker 2: I can definitely get tap happy. But anyway, that's probably
• 37:52
  Speaker 2: my first I guess hack is that I don't have
• 37:54
  Speaker 2: any of those would.
• 37:55
  Speaker 4: That is a very good thing to have been instilled
• 37:58
  Speaker 4: from a young age me about what your second good
• 38:01
  Speaker 4: money habit is.
• 38:02
  Speaker 2: Yeah, so my second good money habit. I have become
• 38:04
  Speaker 2: a very savvy shopper. So there's a local fruit bed
• 38:08
  Speaker 2: shop and they do like a chuck out box of
• 38:11
  Speaker 2: all the things that are what they call going off,
• 38:14
  Speaker 2: but I think will last two weeks in the fridge
• 38:16
  Speaker 2: if I make it work.
• 38:17
  Speaker 4: Oh yeah. And I feel like so many people are
• 38:19
  Speaker 4: like they see one brown bit on a banana and
• 38:21
  Speaker 4: they go, that's awful. You're like, no, it's not. It's
• 38:24
  Speaker 4: a brown bit on a banana. It means it's ready
• 38:26
  Speaker 4: to eat.
• 38:26
  Speaker 2: Yeah, exactly. So honestly, they get me through left the week.
• 38:30
  Speaker 2: They usually have a good selection and then nine.
• 38:32
  Speaker 4: Dollars nine dollars for a big box of fruit and veggies.
• 38:36
  Speaker 2: Massive box, like it will get me through a whole
• 38:38
  Speaker 2: week easily. And I basically go there first. What Yeah,
• 38:41
  Speaker 2: it's crazy.
• 38:43
  Speaker 4: I know where you live, but I'm coming.
• 38:45
  Speaker 2: Yeah, a shop at your local fresh fruit birge place.
• 38:48
  Speaker 4: Honestly, Oh, I think that's gen Yeah, and it's like a.
• 38:50
  Speaker 2: Cute day out Like I do it on a Sunday
• 38:51
  Speaker 2: or a Saturday, usually a weekend anyway, and I'll go
• 38:54
  Speaker 2: get a coffee. I'll go to the fruit and bed
• 38:56
  Speaker 2: shops see what they've got. If they've got a box,
• 38:58
  Speaker 2: I get it. If not, I just like a couple
• 39:00
  Speaker 2: of bits, and I usually make like a rosotto with
• 39:02
  Speaker 2: all the vege and just chuck bits in.
• 39:04
  Speaker 4: You're so smart. I love this, And you know what's
• 39:07
  Speaker 4: hilarious in this economy, your coffee probably cost more than
• 39:10
  Speaker 4: your fruit and veg box.
• 39:11
  Speaker 2: Literally honestly. And then I go to like I GA.
• 39:15
  Speaker 2: I gas are underrated for meat, honestly, they always have
• 39:18
  Speaker 2: really good deals. So I'll go from the fruit and
• 39:20
  Speaker 2: bed shop to I GA, see what deals they've got
• 39:22
  Speaker 2: on that week. And then I'll go to like Woolies
• 39:24
  Speaker 2: or calls for anything else I need. And I keep
• 39:26
  Speaker 2: a really good stocked pantry, so I keep like all
• 39:29
  Speaker 2: of the you know, a pasta ormin tomatoes. If you
• 39:33
  Speaker 2: do anything with the tin of tomatoes.
• 39:34
  Speaker 4: Oh you actually can, You're a genius. I feel like
• 39:37
  Speaker 4: I need more of your budgeting tips for fruit and
• 39:40
  Speaker 4: vege and like making creative rosottos, because sometimes I stare
• 39:44
  Speaker 4: at my sometimes well stocked pantry and I'm like, I've
• 39:47
  Speaker 4: got nothing. Yeah, nothing, Yeah, I say, when I really
• 39:51
  Speaker 4: do when I really do.
• 39:53
  Speaker 2: Yeah, so that's probably one, Like I guess hack that
• 39:57
  Speaker 2: I'm pretty good at. Yeah.
• 39:58
  Speaker 4: I love that you rate did yourself a C plus
• 40:01
  Speaker 4: at the start of this episode. So I need to
• 40:02
  Speaker 4: know what's your worst money habit because I feel like
• 40:05
  Speaker 4: you've been pretty good thus far. So there has to
• 40:07
  Speaker 4: be a really, really, really bad money habit to be
• 40:09
  Speaker 4: bringing down the ratings, so we need to know what
• 40:11
  Speaker 4: it is.
• 40:11
  Speaker 2: Yeah, I would say I'm very tap happy, like I
• 40:14
  Speaker 2: just won't even think about the purchase, even if it's
• 40:16
  Speaker 2: like buying three coffees a day and not realizing I've
• 40:18
  Speaker 2: done it, and.
• 40:19
  Speaker 4: Like, and I mean, let's be honest. You're a med student.
• 40:22
  Speaker 4: You deserve that caffeine bab you deserve it.
• 40:24
  Speaker 2: And in the hospital, actually this is not I'm diverting
• 40:27
  Speaker 2: back to the art tips. If you're a med student,
• 40:29
  Speaker 2: it's kind of like a hospital hierarchy. The most senior
• 40:31
  Speaker 2: person on the team will buy coffees for the team.
• 40:33
  Speaker 2: Oh nice, yea, it's like a real thing. So like
• 40:35
  Speaker 2: the further you go in your career you get more
• 40:37
  Speaker 2: money that it's mostly to pay for coffees of other people.
• 40:39
  Speaker 4: So yeah, okay, that's fair.
• 40:41
  Speaker 2: Yeah, so that's I guess a hack is a med
• 40:43
  Speaker 2: student is stay till the end of ward rounds. But
• 40:46
  Speaker 2: anyway for the free coffee if anything.
• 40:48
  Speaker 4: Yeah, and you need it at the end of a
• 40:50
  Speaker 4: ward round, like that's when you need six coffees. So
• 40:52
  Speaker 4: you're a little bit tap happy. And we're not tracking
• 40:55
  Speaker 4: our budget and expenses in the way that we should be.
• 40:58
  Speaker 4: Is that what I'm hearing.
• 40:59
  Speaker 2: I'm terrible budgeting. Yeah, I'm really trying. So I would
• 41:02
  Speaker 2: say in the last year, I noticed I was really bad,
• 41:05
  Speaker 2: and I started to, like, I changed my bank from
• 41:09
  Speaker 2: you know, combank, the older the old Dolomites, decided to
• 41:14
  Speaker 2: try something else.
• 41:15
  Speaker 4: Out finally branched out.
• 41:16
  Speaker 2: Yeah. Yeah, and I'm using up at the moment. And
• 41:19
  Speaker 2: I did create like all the different savers and I've
• 41:22
  Speaker 2: been doing that now, which has actually been working. I'm
• 41:24
  Speaker 2: definitely saving more money and following I guess like the
• 41:27
  Speaker 2: cash flow system that you kind of speak.
• 41:29
  Speaker 4: About often, Oh are you that's exciting? Listened to like
• 41:33
  Speaker 4: the podcasts and stuff about budgeting. I love this for you.
• 41:36
  Speaker 2: I genuinely listened to that podcast, the one podcast about
• 41:39
  Speaker 2: cash flow and budgeting, probably like five times. I'm like, wait,
• 41:41
  Speaker 2: am I doing this right? Will we try again?
• 41:44
  Speaker 4: Okay, I can make it a lot easier if you.
• 41:46
  Speaker 4: I'm actually gonna gift you my money masterclass so that
• 41:49
  Speaker 4: you can go and do the videos and have the
• 41:52
  Speaker 4: spreadsheet and all of the stuff. No one should have
• 41:54
  Speaker 4: to listen to my cash flow episode that many times.
• 41:58
  Speaker 4: It's like, I thank you for doing the money Diary,
• 42:00
  Speaker 4: but also an apology that you had to listen to
• 42:02
  Speaker 4: it that many times. So I'll set you up with
• 42:05
  Speaker 4: that after so that you can start that. But I
• 42:07
  Speaker 4: think that that will really help, especially if you've been
• 42:09
  Speaker 4: already trying to follow my model.
• 42:11
  Speaker 2: Yeah, I'm trying.
• 42:13
  Speaker 4: I love that for you, money diarist. I mentioned just
• 42:16
  Speaker 4: before that you at the start of the episode rated
• 42:19
  Speaker 4: yourself a C plus. But you've gone on to tell
• 42:21
  Speaker 4: me how resourceful you are. You've gone on to tell
• 42:24
  Speaker 4: me that you're a med student, you're working while doing
• 42:27
  Speaker 4: your final year of med. That to me is insane.
• 42:31
  Speaker 4: I don't know many people who can do that or
• 42:34
  Speaker 4: even would be willing to try. But you still rated
• 42:37
  Speaker 4: yourself a C plus because you were a quote a
• 42:39
  Speaker 4: little bit tap happy, like, let's be honest, budget and
• 42:42
  Speaker 4: cash flow when you don't have the biggest income and
• 42:44
  Speaker 4: you're still relatively reliant on Sentilink and part time work. Like,
• 42:48
  Speaker 4: I don't think you're a C plus. I think you're
• 42:50
  Speaker 4: a bit better than that. I'm not going to argue
• 42:52
  Speaker 4: with you over it, but I do think you're better
• 42:54
  Speaker 4: than that. But right now it might feel like you're
• 42:56
  Speaker 4: a C plus because finances are tough when you're in
• 42:59
  Speaker 4: that circums. So hopefully after having a conversation you're feeling
• 43:04
  Speaker 4: a little bit more positive about what you've been working towards.
• 43:07
  Speaker 2: Yeah, I could probably move to a BE minus, but
• 43:08
  Speaker 2: that's as far as i'll go.
• 43:10
  Speaker 4: That's as far as we go. All right, Well, you
• 43:11
  Speaker 4: know what, I'll take it, and I'll check back in
• 43:13
  Speaker 4: with you when you're a proper baby doctor money arrist
• 43:16
  Speaker 4: I have adored this. Thank you for coming on the show, Nigel.
• 43:18
  Speaker 4: It's been really really appreciated. But also you've been so
• 43:22
  Speaker 4: bubbly and so fun to talk to, which is why
• 43:24
  Speaker 4: this recording took so long. So I apologize to anyone listening,
• 43:27
  Speaker 4: but also you're welcome for the extra content.
• 43:29
  Speaker 2: Yeah, I'm sorry, I took a lot.
• 43:31
  Speaker 4: No, I adored it. I've had the best time. Thank
• 43:34
  Speaker 4: you for sharing your story with the community. I know
• 43:37
  Speaker 4: they're going to love you as much as I have.
• 43:38
  Speaker 2: No thanks so much for having me. I really appreciate it,
• 43:41
  Speaker 2: and hopefully I guess if people are in some more situations,
• 43:43
  Speaker 2: they know they're at least, at the very least got alone.
• 43:52
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• 43:54
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• 43:58
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• 44:02
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• 44:05
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• 44:08
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