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MONEY DIARY: Health Crisis, Homelessness & Now Happier Than Ever · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
• 0:04
  Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
• 0:08
  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
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money.
• 0:36
  Speaker 2: She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's on the the podcast for
• 1:01
  Speaker 4: millennials who want financial freedom. Welcome back to another one
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  Speaker 4: of our money diaries where we get to talk with
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  Speaker 4: one of our incredible She's on the Money community members
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  Speaker 4: all about their journey. Let's jump straight into it, because
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  Speaker 4: this week I got a message and it went a
• 1:17
  Speaker 4: little bit like this.
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  Speaker 2: Hi, Victoria.
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  Speaker 4: I went from financially stable to jobless and homeless with
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  Speaker 4: my young family after.
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  Speaker 2: My husband was fired due to being deaf.
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  Speaker 4: We navigated thirty thousand dollars for medical treatment in the
• 1:32
  Speaker 4: US for our son and relocated to the other side
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  Speaker 4: of Australia.
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  Speaker 2: It's been a huge journey of so much growth.
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  Speaker 4: And I am now running a thriving solo business. I
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  Speaker 4: cannot wait to share my unique journey with your community.
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  Speaker 4: Money Diarist, I nearly used your name, which is awkward.
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  Speaker 2: I'm sorry. Welcome to the show, and nice to see
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  Speaker 2: you again.
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  Speaker 3: Thank you.
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  Speaker 5: I'm excited to get into it. Bit nervous, my heart's
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  Speaker 5: beating a million miles an hour.
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  Speaker 2: But oh my gosh.
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  Speaker 4: No, for those of you at home, I met this
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  Speaker 4: money and diarist when I was in Perth actually recently
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  Speaker 4: on our International Women's Day tour, and her story was
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  Speaker 4: just too good not to share.
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  Speaker 2: So Money Diarist, are you ready? Do you want to
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  Speaker 2: get into it?
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  Speaker 3: Let's get into it.
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  Speaker 2: Let's do it all right.
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  Speaker 4: So first question I've got for you is what grade
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  Speaker 4: would you give your money habits from an A through
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  Speaker 4: to an F.
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  Speaker 3: This took a little bit of thinking, but I think
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  Speaker 3: a PASS.
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  Speaker 4: I think that's pretty pretty smack bang in the middle.
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  Speaker 4: That's pretty good. Let's learn a bit more about you, though.
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  Speaker 2: Money Diarist.
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  Speaker 4: I want to know this is as everybody knows my
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  Speaker 4: favorite question, Can you tell me a little bit more
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  Speaker 4: about your money story?
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  Speaker 5: I well, both my husband I grew up in solo
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  Speaker 5: parent households. We have completely different attitudes towards money. So
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  Speaker 5: we now yeah, married and have three kids. But it's
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  Speaker 5: been a bit of a journey to get here growing up.
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  Speaker 3: My mom ray, my sister, and I on her own
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  Speaker 3: after my dad left.
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  Speaker 5: We had two young left over, two young daughters and
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  Speaker 5: a mortgage and forty dollars to her name. So I
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  Speaker 5: learned everything and though I feel like from her and
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  Speaker 5: how to live frugally from her. She's an amazing woman
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  Speaker 5: and I owe so much of my financial literacy, work
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  Speaker 5: ethic and knowledge of how to use power tools.
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  Speaker 4: So I love that you just got to do what
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  Speaker 4: you got to do, like you're a single mum, not
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  Speaker 4: absolutely useless, like you just got to get stuff done.
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  Speaker 2: Yeah.
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  Speaker 5: Yeah, So we made all of our decisions in our householders,
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  Speaker 5: the three of us together, And when we sold our
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  Speaker 5: childhood home, we got an offer and Mum set us
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  Speaker 5: down and said, you know, this is the offer. This
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  Speaker 5: is how much it was, and I was like, no,
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  Speaker 5: we could do better than that. We're worth more than that.
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  Speaker 5: So Mom didn't accept the offer, and then they came
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  Speaker 5: back with another ten thousand or so, and then we
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  Speaker 5: accepted that offer. But all of our money decisions were
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  Speaker 5: done together, and Mum was completely transparent to my sister
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  Speaker 5: and I in regards to where we were each week
• 4:00
  Speaker 5: or fortnite with money. And that's how we've sort of
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  Speaker 5: raised our children as well. So when we say, oh,
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  Speaker 5: we can't really afford that this week, they understand that,
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  Speaker 5: but they don't take it as a negative. They're like, oh, Okay,
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  Speaker 5: no worries. Well let's do this or let's do this instead.
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  Speaker 5: So instead we'll go for a bushwalk instead of going
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  Speaker 5: to the movies or whatever it is they wanted to do,
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  Speaker 5: And they're more than happy just to do that or
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  Speaker 5: go for a bike ride or whatever it is.
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  Speaker 2: And yeah, I love that.
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  Speaker 4: Do you ever find I feel like a lot of
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  Speaker 4: people aren't ready to talk to their kids about money
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  Speaker 4: because they just think that their kids aren't old enough
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  Speaker 4: or mature enough to understand the concepts. How did you
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  Speaker 4: start introducing that to your kids and how do you
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  Speaker 4: think that they conceptualize that? Like, are they taking a
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  Speaker 4: well or do they find it a challenge?
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  Speaker 5: What is that like at times it carried challenging because
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  Speaker 5: they are kids, and at the end of the day,
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  Speaker 5: it's all going to be age appropriate. And so I
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  Speaker 5: kid to ten, seven and five, so the youngest is
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  Speaker 5: a bit more challenging. But I've always loved doing grocery
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  Speaker 5: shopping with my kids. Like a lot of mums cut
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  Speaker 5: way together the house and leave their kids at home,
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  Speaker 5: but I've always taken them. It's a chaos, but they've
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  Speaker 5: got their own list, and I'm like, Okay, let's go,
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  Speaker 5: we need some pasta, and we'll go. We'll look at
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  Speaker 5: the pasta and usually they just grab whatever's at eyesight.
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  Speaker 5: And so they've been I've learned how to read the
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  Speaker 5: unit price since a very young age, so they can
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  Speaker 5: actually see what the cheapest product is by unit price,
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  Speaker 5: and they realize that if we spend a little less
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  Speaker 5: on those things, then we can spend a little bit
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  Speaker 5: more on our annual holiday or on if they want
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  Speaker 5: a birthday party. They get a birthday party every second year,
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  Speaker 5: so yeah, we can spend more on the things that
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  Speaker 5: they want and that we value as a family and
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  Speaker 5: that they value.
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  Speaker 4: I feel like that's just so important as well, and
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  Speaker 4: I feel like grocery shopping is probably a very good
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  Speaker 4: gateway to teaching kids about money, where you can budget
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  Speaker 4: and you can cash flow, and you can work out
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  Speaker 4: things without you know, lumping them with the electricity bill
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  Speaker 4: or what it's going to cost for medical this month.
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  Speaker 4: So I think that that's a very good way of
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  Speaker 4: starting it. I want to know now, obviously you said,
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  Speaker 4: oh my gosh, I went from financially stable to jobless
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  Speaker 4: and now I run my own business. I want to
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  Speaker 4: know what do you do for work? How much money
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  Speaker 4: do you guys earn?
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  Speaker 5: I do a lot of things, So I run my
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  Speaker 5: own solo cleaning business. This fun as year, I'm expecting
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  Speaker 5: the annual business income to be around forty thousand dollars.
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  Speaker 3: Oh cool, which to some that won't seem like much.
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  Speaker 5: But I've created my business to be flexible and to
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  Speaker 5: work around our family, so only work roughly three and
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  Speaker 5: a half days a week.
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  Speaker 3: For forty weeks to the year. I take balls for
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  Speaker 3: holidays off and weekends off.
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  Speaker 2: Ah living the dream.
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  Speaker 4: I feel like that context is actually so good because
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  Speaker 4: I immediately was like sick, like you're earning money from
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  Speaker 4: your own business, and when you gave us a bit more.
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  Speaker 4: It's kind of like you're living within the parameters of
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  Speaker 4: the lifestyle that you have. I mean, you have three kids, seven,
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  Speaker 4: ten and five. I think it's just one of those
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  Speaker 4: things where how cool is it that you've got this
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  Speaker 4: job that's completely flexible to the way you want to
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  Speaker 4: live your life.
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  Speaker 3: Yeah.
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  Speaker 5: Well, we've been living over here for two years now
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  Speaker 5: and I had to find something that was flexible around
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  Speaker 5: the children as well as my husband's work, and also
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  Speaker 5: for our location where we live fifty k from the
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  Speaker 5: closest big town, so there's not much employment where we live,
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  Speaker 5: and I don't want to be traveling one hundred k
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  Speaker 5: round trip every single day for work because then we
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  Speaker 5: have to look into childcare before and after school care
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  Speaker 5: and it's just not something that we value losing two
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  Speaker 5: hours of the day traveling and not spending time with
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  Speaker 5: our children. So it works for us, but I also
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  Speaker 5: do it a casual work at the local supermarket, doing
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  Speaker 5: nightviille a few times a month.
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  Speaker 3: I do more when.
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  Speaker 5: We need more, which is really great that they are
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  Speaker 5: flexible like that. So over November and December, I was
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  Speaker 5: doing probably three nights a week, and that's come at
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  Speaker 5: our spending money for our Ballei holiday January as well as.
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  Speaker 3: Their daughter's full fees.
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  Speaker 2: Oh, how good.
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  Speaker 3: Yeah, it's awesome.
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  Speaker 5: So probably annually I own about eight to ten thousand
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  Speaker 5: dollars with that, and then we've also got rental income,
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  Speaker 5: which over the last few years has been positively good
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  Speaker 5: but unfortunately won't be this year with the rate increases yep.
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  Speaker 5: And then we get roughly five thousand dollars annually in
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  Speaker 5: child support for our oldest m M. And then my
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  Speaker 5: husband is on roughly eighty thousand, so we estimate our
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  Speaker 5: family income to be around one hundred and forty thousand.
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  Speaker 3: And I'm alost for studying full time.
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  Speaker 2: So how good.
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  Speaker 4: I feel like you are in an absolute hustler, like
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  Speaker 4: a cleaning business. You're also doing casual work on top
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  Speaker 4: of that, a nightfiel. That's tough work because it's nighttime
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  Speaker 4: work and you would be tired. And I'm assuming you've
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  Speaker 4: looked after the kids all day or been cleaning all day.
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  Speaker 4: I just think that's so admirable, Like, get it, queen,
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  Speaker 4: I love it. I love hearing stories like that. I
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  Speaker 4: want to know, though, what does your husband do? So
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  Speaker 4: eighty grand that's pretty good income. What kind of role
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  Speaker 4: is here?
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  Speaker 5: So he is he's to be a dairy farmer in
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  Speaker 5: Victoria and he moved over to wa It was the
• 9:07
  Speaker 5: second COVID lockdown. He got to jump over here and
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  Speaker 5: they waited for us to get over in the January
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  Speaker 5: of twenty twenty one, which was great, and we moved over.
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  Speaker 5: We have secure housing now and we don't pay anything.
• 9:20
  Speaker 5: We pay internet and that is it for our house.
• 9:24
  Speaker 5: We live on campus at it's a government role and
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  Speaker 5: s he's still farming.
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  Speaker 2: So yeah, how good.
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  Speaker 4: And that is a very big money when definitely to
• 9:34
  Speaker 4: add into I guess this conversation that we're having housing,
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  Speaker 4: My gosh, that costs so much money. So is this
• 9:42
  Speaker 4: why you're able to rent out the house that you
• 9:44
  Speaker 4: currently have because you're not paying anything in rent to
• 9:48
  Speaker 4: live where you're currently living.
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  Speaker 5: We actually that's a two bedroom unit that we owned,
• 9:52
  Speaker 5: so we never bought that with the intentions for us
• 9:54
  Speaker 5: to live in. But after my husband lost his job
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  Speaker 5: and we lost our housing through that back in Victoria
• 10:02
  Speaker 5: years ago, we wanted something that if we had to
• 10:05
  Speaker 5: live in, that we could and we would make it
• 10:07
  Speaker 5: work if we had to, because we wanted to back
• 10:10
  Speaker 5: up so, yeah, that's always been an investment, but it's
• 10:13
  Speaker 5: always been in the back of our mind is that
• 10:15
  Speaker 5: if we had to live there, would make it work.
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  Speaker 4: I feel like that's very admirable and actually really smart,
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  Speaker 4: especially when you know what you've been through as well.
• 10:22
  Speaker 4: I think you just get to a point where you're like,
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  Speaker 4: I don't care what it is, We're just having a
• 10:25
  Speaker 4: backup plan because that's what's going to make me feel secure.
• 10:29
  Speaker 4: You mentioned in your letter into US you said we
• 10:32
  Speaker 4: navigated thirty thousand dollars worth of medical treatment in the
• 10:36
  Speaker 4: US for our son.
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  Speaker 2: Can you tell me.
• 10:38
  Speaker 4: A little bit more about that, because that sounds hectic
• 10:42
  Speaker 4: free young family of three.
• 10:44
  Speaker 5: Yeah, so our middle child is born with food alogies.
• 10:50
  Speaker 3: So we recognized that at about six weeks of.
• 10:52
  Speaker 5: Age, he had headed choe x mile was red raw bleeding,
• 10:56
  Speaker 5: and we seen many specialists and he was diagnosed with
• 11:00
  Speaker 5: a dairy allergy, which is a bit ironic.
• 11:02
  Speaker 4: Giving you your husband's a dairy living on a dairy farm.
• 11:07
  Speaker 5: Yeah, so it got more complex as he got older.
• 11:10
  Speaker 5: We added in a peanut allergy, egg allergy, some tree nuts, wheat,
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  Speaker 5: and cow.
• 11:17
  Speaker 3: He was contact a little bit to cows.
• 11:19
  Speaker 2: No and you lived on a dairy farm.
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  Speaker 5: Yeah, so my husband was coming from work from milking
• 11:24
  Speaker 5: and have to chuckle his clothing machine and shower before
• 11:29
  Speaker 5: he could even hug.
• 11:30
  Speaker 3: Our son, which was what we had to do. But
• 11:33
  Speaker 3: like it was awful that.
• 11:36
  Speaker 5: Yeah, like a little boy was screaming for his dad
• 11:38
  Speaker 5: because he'd come home from work and he just had
• 11:41
  Speaker 5: to wait until he could, yeah, give him a cuddle.
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  Speaker 2: No, that's the worst. So what happened.
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  Speaker 5: He had a severe anaplectic reaction to cheese. He ate
• 11:53
  Speaker 5: about two grams of cheese in our home. So you know,
• 11:56
  Speaker 5: we were told constantly the strict avoidance was all we
• 11:59
  Speaker 5: could do food alergies in Australia, which.
• 12:02
  Speaker 3: We thought, that's not good enough.
• 12:04
  Speaker 5: Our child's just had an anaphagic reaction that required two
• 12:07
  Speaker 5: EpiPens in ten minutes. We live twenty minutes out of town,
• 12:10
  Speaker 5: with three ambulances show up at our house.
• 12:12
  Speaker 3: His lips went blue.
• 12:14
  Speaker 5: It was just awful, so traumatizing, not just for him myself,
• 12:20
  Speaker 5: but also his older sister who is an amazing advocate
• 12:23
  Speaker 5: for him, and she's been there for every reaction that
• 12:25
  Speaker 5: he's had and calmed him down and she always makes
• 12:29
  Speaker 5: sure that whatever he's touching, or if someone obvious in food,
• 12:33
  Speaker 5: that he can eat it. She's amazing, but it just
• 12:37
  Speaker 5: being told strict avoidance is all we could do just
• 12:40
  Speaker 5: didn't sit right with me. Knowing that this is our lifestyle,
• 12:44
  Speaker 5: being on a farm and around cows. And he was
• 12:48
  Speaker 5: three years old at the time, saying I want to
• 12:50
  Speaker 5: be a dairy farmer like dad, and it broke our
• 12:53
  Speaker 5: heart thinking.
• 12:54
  Speaker 2: Well, that's not an option. Yeah, oh my god.
• 12:56
  Speaker 5: Yeah, And then the more we think about it, like
• 12:58
  Speaker 5: you probably couldn't be in the army, or you couldn't
• 13:02
  Speaker 5: be a chef, you couldn't be a pilot, like there
• 13:04
  Speaker 5: were so many things you probably couldn't do because you know,
• 13:07
  Speaker 5: like if he's a pilot, he's flying a plane. If
• 13:09
  Speaker 5: he were to have an allergic reaction or anefect reaction,
• 13:11
  Speaker 5: then everyone's at risk.
• 13:13
  Speaker 3: And it was just it was heartbreaking.
• 13:16
  Speaker 5: So we yeah, my ADHD hyperfocus brain did its thing,
• 13:22
  Speaker 5: and three am one morning, I discovered oral immunotherapy that
• 13:28
  Speaker 5: was offered in the US as well as some other countries,
• 13:31
  Speaker 5: but the US was just something that we could probably
• 13:35
  Speaker 5: make work, and so we found a doctor in Atlanta
• 13:40
  Speaker 5: in Georgia, who would take him on for six weeks
• 13:44
  Speaker 5: and then Yeah, the planning went from there, and it
• 13:49
  Speaker 5: was going to be about ten thousand dollars for the
• 13:50
  Speaker 5: treatment cost plus all the travel expenses.
• 13:53
  Speaker 3: We couldn't afford the whole family to go. It just
• 13:56
  Speaker 3: wasn't going to work.
• 13:57
  Speaker 5: Our youngest was only nine months old then, and he
• 14:02
  Speaker 5: had his own health issues.
• 14:05
  Speaker 3: My husband was working.
• 14:06
  Speaker 5: He couldn't afford to take six weeks off, so we
• 14:09
  Speaker 5: thought that I would just go on my own with him.
• 14:13
  Speaker 3: Yeah, so we made it work.
• 14:16
  Speaker 5: We crowdfunded the ten thousand dollars for their treatment costs,
• 14:21
  Speaker 5: which I was really hesitant doing in the beginning because
• 14:25
  Speaker 5: I just thought there's a lot more children and people
• 14:28
  Speaker 5: out there in the world that need that help and
• 14:31
  Speaker 5: I didn't feel like we need that. But a friend
• 14:35
  Speaker 5: sort of said, people aren't going to help you if
• 14:37
  Speaker 5: they don't want to, or if they can't.
• 14:39
  Speaker 2: Afford to one hundred percent.
• 14:40
  Speaker 4: And trauma's not comparable, Like you can't compare your trauma
• 14:43
  Speaker 4: to somebody else's trauma and say they've got it worse.
• 14:46
  Speaker 4: Therefore I should not be looked after like And I
• 14:49
  Speaker 4: think that that's a really good point, right. You could
• 14:51
  Speaker 4: put up a million gofund me, so that doesn't force
• 14:54
  Speaker 4: people to contribute to them. And I think if people
• 14:57
  Speaker 4: resonate with it, like it just makes sense.
• 15:00
  Speaker 3: Yeah, So it was.
• 15:01
  Speaker 5: Our little community in Victoria was absolutely amazing. Like blew
• 15:05
  Speaker 5: us away, and the local Lions Club donated quite a
• 15:10
  Speaker 5: substantial amounts. We held a community walk and like barbecue events,
• 15:15
  Speaker 5: we held a movie fundraiser events, we did some raffles,
• 15:18
  Speaker 5: A lot of local businesses donated to the raffle, and
• 15:22
  Speaker 5: just everyone got behind us. A local newspaper published an
• 15:26
  Speaker 5: article about us, and I was on the radio.
• 15:28
  Speaker 3: Station and it was absolutely amazing.
• 15:31
  Speaker 5: So I can't believe we did it, and I'm so
• 15:33
  Speaker 5: grateful that for everybody.
• 15:35
  Speaker 3: That helped us out.
• 15:35
  Speaker 2: That's so wild.
• 15:36
  Speaker 4: I love that story because it's about tenacity as much
• 15:40
  Speaker 4: as it's about finding the solution.
• 15:42
  Speaker 2: But my question is how is your son now?
• 15:45
  Speaker 3: He's amazing. So he's in grade two.
• 15:47
  Speaker 5: Now he is safe to go to school, And that
• 15:49
  Speaker 5: was our biggest concern is that it would be a
• 15:52
  Speaker 5: lot of stress on the teacher, the staff at the school,
• 15:55
  Speaker 5: the other parents making sure that everything in the lunchboxes
• 15:58
  Speaker 5: were safe for him because he was contact allertle to
• 16:01
  Speaker 5: dairy as well.
• 16:03
  Speaker 3: So at school he's thriving. He's happy. He's now eating
• 16:07
  Speaker 3: dairy every day.
• 16:09
  Speaker 4: What so you can now eat dairy after going through that,
• 16:12
  Speaker 4: that is wild.
• 16:13
  Speaker 3: Yeah, so he can touch cows.
• 16:15
  Speaker 5: We also found out he had a horse allergy and
• 16:17
  Speaker 5: dust mites dogs and cats, so working through that. But
• 16:21
  Speaker 5: he can touch cows now and hug them, and he
• 16:23
  Speaker 5: feeds the calves and he's eating peanuts. And we found
• 16:26
  Speaker 5: out actually over there that he no longer had an
• 16:28
  Speaker 5: egg allergy. But because he was classed as high risk,
• 16:32
  Speaker 5: no one in Australia he would even challenge it, so
• 16:35
  Speaker 5: it took us having to go over there to find
• 16:37
  Speaker 5: out that he could now eat eggs. So yeah, he's
• 16:41
  Speaker 5: so happy, he's thriving, he's growing, which he didn't grow
• 16:44
  Speaker 5: for so long because he was on so many steroids.
• 16:48
  Speaker 2: And yeah, oh my gosh.
• 16:50
  Speaker 4: Well I love that and I feel like that's been
• 16:52
  Speaker 4: a really good sidetrack, but I am going to get
• 16:54
  Speaker 4: back on track. I just I love hearing stories like that,
• 16:57
  Speaker 4: and I think everyone in our community would've been pervy
• 17:01
  Speaker 4: and want to know, well, how did you do it? Obviously,
• 17:04
  Speaker 4: thirty grand is a lot of money. How did you
• 17:06
  Speaker 4: raise that? What did that look like? So thank you
• 17:08
  Speaker 4: so much for sharing that. All right, next question before
• 17:12
  Speaker 4: we go to a really quick break, I want to
• 17:13
  Speaker 4: know what are you currently working towards? What is currently
• 17:17
  Speaker 4: your big money goal?
• 17:18
  Speaker 5: So a big goal would be divine investments, probably in
• 17:21
  Speaker 5: the town that we live in. Anythink won to happen
• 17:24
  Speaker 5: with employment, my husband's employment here, we would then have
• 17:28
  Speaker 5: a backup plan and then our children would be able
• 17:32
  Speaker 5: to finish school in here instead of moving to a
• 17:35
  Speaker 5: different town, which with the house in crisis, a lot
• 17:37
  Speaker 5: of families unfortunately have.
• 17:39
  Speaker 3: Had to do here. So that's our Yeah, big money goal.
• 17:43
  Speaker 2: I like that.
• 17:44
  Speaker 4: Well, let's go to a really quick break and I
• 17:46
  Speaker 4: have a whole heap more questions for you right after this.
• 17:53
  Speaker 2: All right, money dirist, we are back. You dropped before that.
• 17:57
  Speaker 4: You have an investment property, so I want to know
• 17:59
  Speaker 4: more about him investments. What current investments do you have
• 18:02
  Speaker 4: and can you tell us a little bit about them?
• 18:04
  Speaker 3: Yeah, so we.
• 18:05
  Speaker 5: Have that investment probably and we've had that I think
• 18:10
  Speaker 5: about four years now, so that was just what we
• 18:13
  Speaker 5: could afford to buy at that time. We also have
• 18:19
  Speaker 5: both of our super so my husband's is quite substantial,
• 18:21
  Speaker 5: but mine's only just hit twenty k. But my goal
• 18:25
  Speaker 5: is to contribute more than the ten point five percents
• 18:29
  Speaker 5: of that through my business income, which I think i've
• 18:33
  Speaker 5: alreadcontributed about five thousand this year.
• 18:35
  Speaker 4: So pretty stoked with that five grand and you've made
• 18:37
  Speaker 4: forty what that is so good. I just feel like
• 18:41
  Speaker 4: so many small business owners completely neglect their super so
• 18:46
  Speaker 4: it's very sexy to hear that you're caring about it.
• 18:48
  Speaker 5: That's one thing that I've really been on top of that.
• 18:51
  Speaker 5: I've wanted to do that from day one. I was like,
• 18:54
  Speaker 5: I need to do this for myself, and then when
• 18:56
  Speaker 5: I hear of anyone else starting a cleaning business or
• 18:59
  Speaker 5: any small business, make sure you look after yourself and
• 19:01
  Speaker 5: you pay your super because that's really important hundred percent.
• 19:04
  Speaker 4: I went on a rant yesterday with somebody because I
• 19:07
  Speaker 4: went and spoke at an event for small business owners,
• 19:09
  Speaker 4: and as you guys know, small business is something I'm
• 19:12
  Speaker 4: so passionate about, and I was like, why are we
• 19:15
  Speaker 4: in this position where small business owners are taking on
• 19:18
  Speaker 4: so much more risk than people who are employed payg right,
• 19:21
  Speaker 4: Like it's such a burden we put ourselves out there
• 19:25
  Speaker 4: so that we.
• 19:25
  Speaker 2: Can earn our own money.
• 19:26
  Speaker 4: We work so much over time, we go above and beyond,
• 19:30
  Speaker 4: and then we shoot ourselves in the foot when it
• 19:32
  Speaker 4: comes to retirement time because we don't have what somebody
• 19:36
  Speaker 4: who is in a salary payg job who had just
• 19:40
  Speaker 4: had their guaranteed super being paid each and every single month.
• 19:43
  Speaker 4: We don't have that because we tried to reinvest back
• 19:46
  Speaker 4: into our business not realizing that it stops us from
• 19:49
  Speaker 4: getting ahead. So I'm just I love what you're saying.
• 19:52
  Speaker 4: I'm just so wildly passionate about people putting themselves ahead
• 19:56
  Speaker 4: and putting themselves in the best possible position because it's like,
• 19:59
  Speaker 4: we didn't come this far, only come this far, my friends.
• 20:01
  Speaker 3: Yep.
• 20:03
  Speaker 5: So we also have an investment bond set up for
• 20:06
  Speaker 5: our eldest child, when our middle child turns eight in
• 20:10
  Speaker 5: June will start his, and then say for our youngest
• 20:12
  Speaker 5: when he turns eight. So we contribute fifty dollars a
• 20:15
  Speaker 5: fortnight to these with the intentions that in the minimum
• 20:18
  Speaker 5: ten years or more, depending on what they're doing with
• 20:21
  Speaker 5: their lives, they'll have a little nest ache to start
• 20:24
  Speaker 5: their lives, whether that's for a car or house, deposits,
• 20:29
  Speaker 5: or if hopefully not, one of my children are twenty
• 20:33
  Speaker 5: years old and pregnant and having a child like me,
• 20:36
  Speaker 5: they have something there to help themselves out with that.
• 20:38
  Speaker 2: Oh I love that.
• 20:40
  Speaker 4: Can you tell me a little bit more about your
• 20:41
  Speaker 4: decision to get into an investment bond? I feel like
• 20:44
  Speaker 4: there's so many options out there when it comes to
• 20:46
  Speaker 4: saving for children and investing for your kid's future. What
• 20:50
  Speaker 4: led you down the path of going you know what?
• 20:52
  Speaker 4: And investment bond is the right decision for us?
• 20:54
  Speaker 5: I didn't do my research at all. I saw a
• 20:56
  Speaker 5: post on Facebook someone else doing it.
• 20:57
  Speaker 3: I was like, here, what the heck?
• 20:59
  Speaker 2: Okay, all right, great, great solid research.
• 21:01
  Speaker 4: I mean Glenn James from my Millennial Money is a
• 21:03
  Speaker 4: really big advocate of investment bonds, and I talk about
• 21:06
  Speaker 4: the benefits of them on the pod. So I mean
• 21:08
  Speaker 4: the Facebook post got you there, But I mean I
• 21:10
  Speaker 4: wouldn't fall for everything you see on Facebook. So maybe
• 21:13
  Speaker 4: we need to talk together about this after all.
• 21:16
  Speaker 2: Right, But let's move on in questions, I want to know,
• 21:20
  Speaker 2: do you have any debt? If so, what is it?
• 21:22
  Speaker 3: Sorry we do have more investments?
• 21:24
  Speaker 2: Oh okay, sorry, sorry, I just moved on. I moved on.
• 21:29
  Speaker 2: Tell me what are your investments.
• 21:31
  Speaker 5: We also have a block of lands in Victoria that
• 21:34
  Speaker 5: we sort of willing nearly put a found dollar deposit
• 21:37
  Speaker 5: on before the subdivision was completed, and then two years
• 21:39
  Speaker 5: later it titled, and we sort of thought about pulling out,
• 21:43
  Speaker 5: but our mortgage breaker sents that would be silly, and
• 21:47
  Speaker 5: we've probably just made about one hundred thousand dollars by
• 21:49
  Speaker 5: waiting the two years for it to title. So we thought,
• 21:53
  Speaker 5: why not, we'll build out forever home here, and we
• 21:56
  Speaker 5: bought it.
• 21:56
  Speaker 3: And then a few months later we found out we're
• 21:58
  Speaker 3: moving state.
• 22:00
  Speaker 5: So it's just a vacant lot now that's being used
• 22:03
  Speaker 5: as a parking lot by the trades that are building
• 22:05
  Speaker 5: all the other houses around.
• 22:06
  Speaker 2: Yeah, are you charging them for that?
• 22:08
  Speaker 3: Well, I'm actually I'm really tempted.
• 22:10
  Speaker 4: Yeah, absolutely, if they're using your property. It is not
• 22:14
  Speaker 4: a free car park.
• 22:15
  Speaker 5: My friend, Well, it's saving us having to mow that
• 22:19
  Speaker 5: part of the lot because it's yeah, it's all crushed
• 22:23
  Speaker 5: down and all muddy.
• 22:24
  Speaker 4: So I guess, oh yeah, totally totally make money though
• 22:27
  Speaker 4: bay and make money.
• 22:29
  Speaker 5: I've also got an emergency funded offsets against the block
• 22:32
  Speaker 5: of land and then I've got my own emergency funds
• 22:35
  Speaker 5: in my business account, and I have a whopping twenty
• 22:37
  Speaker 5: seven dollars in chais Ah.
• 22:39
  Speaker 4: Big Dog Energy is ten dollars of that from using
• 22:43
  Speaker 4: the SotM code.
• 22:45
  Speaker 2: It is Yeah, thanks, yeah, good, good good.
• 22:47
  Speaker 4: I love to see it. How did you pick your
• 22:49
  Speaker 4: first shares on chairs?
• 22:50
  Speaker 2: Eas?
• 22:51
  Speaker 5: My first one was actually cochlear because my husband is deaf.
• 22:54
  Speaker 5: He doesn't have a cocklier implant. He wears hearing aids,
• 22:56
  Speaker 5: but I thought, yeah, that was something that and also
• 23:00
  Speaker 5: elders because yeah, farming.
• 23:01
  Speaker 2: I love this.
• 23:02
  Speaker 3: Oh yeah, my first two.
• 23:04
  Speaker 4: Yeah, value investing it through and through all right, money dressed,
• 23:08
  Speaker 4: I want to know. I feel like you've grown up
• 23:10
  Speaker 4: super savvy and super thrifty and been able to save.
• 23:13
  Speaker 4: So what is your best money habit?
• 23:15
  Speaker 2: Do you think?
• 23:16
  Speaker 3: Probably frugality.
• 23:17
  Speaker 5: So I research every big purchase to the point that
• 23:21
  Speaker 5: if I don't need it right now, I'll crack the
• 23:23
  Speaker 5: sheets and close one hundred tabs and then come back
• 23:25
  Speaker 5: to it when we desperately need that ard them it.
• 23:30
  Speaker 3: Yeah.
• 23:30
  Speaker 5: It could be a good thing and a bad thing
• 23:32
  Speaker 5: at the same time, but at least I go into
• 23:33
  Speaker 5: every big money decision with the knowledge and the research
• 23:37
  Speaker 5: and everyone else's.
• 23:38
  Speaker 3: Opinions, which can be annoying.
• 23:41
  Speaker 5: But the kids also wear a lot of hand me
• 23:43
  Speaker 5: downs and cheap kmark clothes off the one dollar rack
• 23:47
  Speaker 5: and secondhand clothes.
• 23:49
  Speaker 3: They've got some good quality.
• 23:50
  Speaker 5: Clothes like Country Road and likes, but I usually buy
• 23:52
  Speaker 5: them on sale or on.
• 23:55
  Speaker 3: Second hand Facebook groups.
• 23:57
  Speaker 5: And food is obviously one of our biggest expenses living
• 24:01
  Speaker 5: technically clusters remotely and in Western.
• 24:04
  Speaker 3: Australia, which food can be very expensive.
• 24:05
  Speaker 5: With three kids, I don't eat meat, for the rest
• 24:08
  Speaker 5: of the family does, so whatever meat AD buy is
• 24:12
  Speaker 5: always marked out, and we have a big deep freezer,
• 24:14
  Speaker 5: so over and then gets stored in there, and we
• 24:17
  Speaker 5: generally can stretch two hundred fifty grams and mints to
• 24:21
  Speaker 5: get two nights out of that by bulking up.
• 24:22
  Speaker 3: With veggies and lentils and beans and all that sort
• 24:26
  Speaker 3: of stuff.
• 24:26
  Speaker 2: Oh my gosh, that is super good.
• 24:28
  Speaker 4: Two hundred and fifty grams would be like I don't know,
• 24:31
  Speaker 4: two meals right usually, but being able to stretch that
• 24:34
  Speaker 4: that far what a queen.
• 24:36
  Speaker 2: I love this.
• 24:37
  Speaker 4: I feel like we need to make like a Sheese
• 24:38
  Speaker 4: on the Money cookbook where everybody sends in their best
• 24:41
  Speaker 4: frugal recipes that are like tried and true because you
• 24:44
  Speaker 4: can google frugal recipe and you're just not sure if
• 24:46
  Speaker 4: it's going to work out, But like, we trust the
• 24:48
  Speaker 4: community to provide, right, So I feel like we might
• 24:52
  Speaker 4: need to favor recipe at some point in the near
• 24:54
  Speaker 4: future to flipiate though. I need to know what is
• 24:57
  Speaker 4: your worst money habit.
• 24:58
  Speaker 5: My worst money have it is probably the few nights
• 25:03
  Speaker 5: a week my husband and I text each other before
• 25:05
  Speaker 5: we get home from work, saying snacks, which then means
• 25:10
  Speaker 5: one of us ends up down at the local Ida
• 25:13
  Speaker 5: five minutes before they close, panic buying aisle two and
• 25:15
  Speaker 5: we come home with thirty dollars worth of Lollly chocolate chips,
• 25:18
  Speaker 5: ice cream and whatever else fair. Usually it's yeah, after
• 25:23
  Speaker 5: a long, hard day or the kids have just been
• 25:25
  Speaker 5: a bit challenging, and if my mom's listening to this,
• 25:28
  Speaker 5: she's rolling her eyes because she knows how bad we
• 25:29
  Speaker 5: are at this.
• 25:33
  Speaker 4: I feel like that's not the worst money habit to
• 25:36
  Speaker 4: have in the world, but maybe we need to put
• 25:38
  Speaker 4: that into the budget for the groceries.
• 25:40
  Speaker 3: Yeah.
• 25:42
  Speaker 5: He also wanting to provide everything we possibly can for
• 25:47
  Speaker 5: our children and give them every experience possible. It's not
• 25:50
  Speaker 5: always the worst thing, but it can be when it
• 25:52
  Speaker 5: comes to having five nights a week after.
• 25:54
  Speaker 3: School completely booked out with activities for three.
• 25:57
  Speaker 5: Kids between swimming, netball, football, basketball, wile and everything else.
• 26:01
  Speaker 3: And then we look at the budget and we're like, oh,
• 26:03
  Speaker 3: can we actually really afford all of this?
• 26:06
  Speaker 5: So now we've had to put limits on it that
• 26:07
  Speaker 5: we only do one thing a season and maximum of
• 26:10
  Speaker 5: three things a year for each child. So we're working
• 26:13
  Speaker 5: on that slowly.
• 26:14
  Speaker 4: But like wanting to give your kids the world, that
• 26:16
  Speaker 4: is not a bad money habit, Like that is a
• 26:19
  Speaker 4: very wholesome habit, and I will get behind that one
• 26:22
  Speaker 4: for you money, darrist It has been gorgeous talking to you,
• 26:26
  Speaker 4: But now we've had a chat. I feel like you're
• 26:28
  Speaker 4: a queen. You have a block of land, you have
• 26:29
  Speaker 4: an investment property, you have investment bonds set up for
• 26:32
  Speaker 4: your kids, you have an emergency fund. Do you have
• 26:34
  Speaker 4: your own business, you do multiple things. Like you said
• 26:37
  Speaker 4: you're a B plus. Do you really think you're a
• 26:40
  Speaker 4: B plus?
• 26:42
  Speaker 1: Yes?
• 26:42
  Speaker 3: I still probably believe I'm a B plus.
• 26:45
  Speaker 5: Like I feel like our family has achieved a lot
• 26:47
  Speaker 5: and I am proud of us, but at the same time,
• 26:50
  Speaker 5: we know.
• 26:52
  Speaker 3: How things can quickly change.
• 26:53
  Speaker 5: So even today we can be a B plus tomorrow
• 26:56
  Speaker 5: we could be an F because anything.
• 26:58
  Speaker 3: Could happen, so I believe it.
• 27:00
  Speaker 5: Yeah, by educating yourself on financial literacy, having an emergency fund,
• 27:04
  Speaker 5: they're both equally important because at the end of the day,
• 27:08
  Speaker 5: as women, a man is not a plan.
• 27:09
  Speaker 2: So no, it's not absolutely.
• 27:11
  Speaker 3: Not got to have something, Yeah.
• 27:13
  Speaker 4: Absolutely not, but it sounds like you've got your own
• 27:15
  Speaker 4: plan going on somewhere else. So I am very proud
• 27:18
  Speaker 4: of you, Money Diarist. It has been an absolute pleasure
• 27:22
  Speaker 4: talking to you. Thank you so much for sharing your
• 27:25
  Speaker 4: diary with us. I think this one is going to
• 27:27
  Speaker 4: hit the ground running and people are going to love it,
• 27:29
  Speaker 4: so I really appreciate it.
• 27:31
  Speaker 3: Thank you.
• 27:37
  Speaker 4: The advice shared on She's on the Money is general
• 27:40
  Speaker 4: in nature and does not consider your individual circumstances. She's
• 27:44
  Speaker 4: on the Money exists purely for educational purposes and should
• 27:47
  Speaker 4: not be relied upon to make an investment or financial decision.
• 27:51
  Speaker 4: If you do choose to buy a financial product, read
• 27:53
  Speaker 4: the PDS TMD and obtain appropriate financial advice tailored towards
• 27:58
  Speaker 4: your needs.
• 27:59
  Speaker 2: Victoria divine and she's on the money.
• 28:01
  Speaker 4: Are authorized representatives of money, sirper P T y L
• 28:04
  Speaker 4: T D A b N three two one six four
• 28:07
  Speaker 4: nine two seven seven zero eight a F s L
• 28:10
  Speaker 4: four five one two eight nine