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MONEY DIARIES: She Ran Away To Join The Circus! · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your
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Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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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 Money the podcast
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Speaker 4: Millennials who want financial freedom. Welcome back to another shop
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Speaker 4: back Money Diary Monday, where we get to chat to
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Speaker 4: one of our community members to learn about their money
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Speaker 4: story and their finances and all of the other fun
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Speaker 4: bits and pieces. And of course I've got Victoria. Hello,
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Speaker 4: how are you going.
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Speaker 5: I'm very excited for this money Diary because you said
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Speaker 5: it was a good one earlier and now I want
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Speaker 5: to know.
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Speaker 4: I feel like money Diarist. We know you really well
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Speaker 4: because we got to meet you at one of our
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Speaker 4: events this year, so that's really fun for us, not
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Speaker 4: that anybody else knows anything about.
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Speaker 5: They don't know which person that was, which state that
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Speaker 5: was in, or even which event it was, so ha
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Speaker 5: good work working that one out.
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Speaker 4: No, but exciting for us. But let me tell you
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Speaker 4: all about our gorgeous diarists, she said, from being raised
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Speaker 4: by my gorgeous single mum, to having a spinal fusion
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Speaker 4: surgery at thirteen, to running away with the circus, studying
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Speaker 4: in Montreal, nannyingham Paris, bartending in London, performing in the
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Speaker 4: South of Italy. Then, as we all know, spicy cough hit,
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Speaker 4: I had to move back home at the end of
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Speaker 4: twenty twenty. I'm now twenty two years under, thriving. I've
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Speaker 4: bought two properties, married the love of my life, started
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Speaker 4: renovating our home but good investing, and most recently quit
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Speaker 4: my job to go back to my passion for circus
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Speaker 4: and travel.
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Speaker 2: Is that not very fun?
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Speaker 5: And you're only twenty two years old? Money dos? Welcome
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Speaker 5: to the show. How many lives have you actually lived?
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Speaker 6: Feels like one hundred at this point. It's been a
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Speaker 6: long twenty two years, well, actually twenty three now I
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Speaker 6: just had my birth Happy birthday, thank you.
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Speaker 5: Oh my gosh, how fun. I cannot wait to get
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Speaker 5: into this. This feels like it's going to be.
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Speaker 2: A wild one.
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Speaker 5: So let's start off the way we always do. Can
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Speaker 5: you tell us a little bit about your money story.
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Speaker 6: Yes, So, as I said in my money diary, I
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Speaker 6: grew up being raised by a single mum who is
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Speaker 6: like a wonder woman. She left home at sixteen and
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Speaker 6: has been just doing her own thing ever since. Then.
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Speaker 6: She worked full time, studied full time, and raised me,
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Speaker 6: putting me through private school and traveling overseas and whatnot
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Speaker 6: on her single parent income. So I learned a lot
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Speaker 6: from her. She was accountant, so she knows a little
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Speaker 6: bit about.
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Speaker 4: Money around and.
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Speaker 6: Basically taught me that you can have everything, you just
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Speaker 6: can't have everything at once. So I lived and I
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Speaker 6: still live very much by that, making sacrifices in different
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Speaker 6: areas of my life continuously so that I can achieve
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Speaker 6: the things I want now and I can also achieve
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Speaker 6: the things I want in the future.
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Speaker 5: Oh my gosh, I feel like I get along really
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Speaker 5: well with your mum, So ten out of ten for her.
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Speaker 2: I want to know. Now, what do you do for work,
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Speaker 2: how much money do you earn?
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Speaker 6: So for work at the moment, it looks a little
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Speaker 6: bit different. I recently quit my full time job that
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Speaker 6: I have been doing for the last year, so I
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Speaker 6: could take a step back and focus on training to
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Speaker 6: get back into circuits. But obviously I had bills to pay,
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Speaker 6: two mortgages and whatnot. So I basically worked out our
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Speaker 6: budgets and what we needed between me and my partner
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Speaker 6: to pay each week. So it comes about thirteen hundred
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Speaker 6: to cover all bills including tax between the two of us.
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Speaker 6: We split that evenly, and we're both required each week
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Speaker 6: to make six hundred and fifty dollars. So I do
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Speaker 6: that at the moment through working in hospitality, so I
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Speaker 6: work as a catering chef or as a catering waitress
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Speaker 6: at different events. I also work at a fast food franchise,
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Speaker 6: and I also do uber each driving, so each week
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Speaker 6: looks a little bit different. But as long as I'm
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Speaker 6: making that money, we pay our bills.
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Speaker 5: Oh my gosh, I love that you're so specific about that,
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Speaker 5: but you're also so flexible in it. You just know
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Speaker 5: how much you need to earn and you do it
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Speaker 5: in whatever way works that week.
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Speaker 2: That's actually so cool.
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Speaker 6: Thank you. Yeah, it's really nice having lots of flexibility
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Speaker 6: with that, so I can focus on training or some weeks,
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Speaker 6: you know, we might have extra bills or things we
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Speaker 6: want to buy in particular, and then we work a
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Speaker 6: little bit harder to make those goals happen.
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Speaker 5: Yeah, of course, all right, Next question, what is your
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Speaker 5: big money goal? What are you working towards?
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Speaker 6: So at the moment, our overall big money goal is
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Speaker 6: financial freedom. I feel like most people would love that,
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Speaker 6: And that's just kind of at the moment, little steps
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Speaker 6: because we have some other bigger, sooner goals that are happening,
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Speaker 6: but working in the background on investment properties and investing
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Speaker 6: in the share market that's still new. The other big
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Speaker 6: money goal is we want to go traveling and potentially
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Speaker 6: move overseas next year. So hopefully by June next year
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Speaker 6: we will be off traveling, and then how long we
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Speaker 6: go traveling for and whether we move depends on what
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Speaker 6: income we can save or what income we can produce
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Speaker 6: what we're overseas.
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Speaker 5: Love Lura, talk to me. Do you have any investments,
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Speaker 5: If so, what are they?
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Speaker 6: Yes, So I have one investment property, which the rental
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Speaker 6: income on that covers the mortgage as well as the
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Speaker 6: property management fees and rates, so basically water and body
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Speaker 6: corp poratepies aren't covered, but majority if it is. However,
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Speaker 6: we pay the mortgage ourselves through our own budget on
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Speaker 6: that property, so that the money can just go into
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Speaker 6: the property to pay all the other bills and just
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Speaker 6: sit there in case something comes up. We also have
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Speaker 6: our home that we live in, but from next year
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Speaker 6: onward it would be an investment property, and the rental
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Speaker 6: on that one, looking at the moment should cover everything surplus,
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Speaker 6: so we'll cover all bills and mortgage on top of that.
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Speaker 6: Then we have about one thousand dollars in chasas that's
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Speaker 6: still new. We've put about one hundred dollars a week
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Speaker 6: into our Chezea's account just to kind of play with
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Speaker 6: the market a little bit, which has been fun. And
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Speaker 6: then I have Super. It is really low because, as
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Speaker 6: I said, I spend a lot of time overseas, so
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Speaker 6: my Super really has just been the last you know,
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Speaker 6: two years that I've been back in Australia. Yeah, that's
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Speaker 6: about five thousand dollars.
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Speaker 2: Oh my gosh, Jess, So I'm not gonna lie.
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Speaker 5: When I asked a twenty two year old talk to
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Speaker 5: me about hearing the vestments, that is not the response
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Speaker 5: I was expecting.
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Speaker 4: I am very envious the where you are. It seems
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Speaker 4: like you're doing incredibly well.
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Speaker 5: I'm just so impressed. I want to keep asking questions.
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Speaker 5: I'm like, what is going on? Save it after the app? Okay, okay, sorry, sorry,
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Speaker 5: all right? So next question you mentioned mortgages before. How
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Speaker 5: much debt do you have and what's it made up of?
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Speaker 6: Yes, so I definitely have more debt at the moment
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Speaker 6: than i'd like. But we have two mortgages. So one
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Speaker 6: of them is two hundred and five thousand, and then
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Speaker 6: the others one hundred and sixty seven thousand, so they
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Speaker 6: were smaller properties, so the mortgages on them aren't too bad.
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Speaker 6: And we pay about two hundred and fifty a week
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Speaker 6: on one and two hundred and ten on the other.
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Speaker 6: And then we have recently installed solar panels on the
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Speaker 6: property we live in and we're paying about interest free
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Speaker 6: for five years, so that's about nine eight hundred. Then
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Speaker 6: we have a personal loan at the moment, which is
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Speaker 6: kind of new. We got that a couple months ago,
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Speaker 6: just to help us our renovations. We have like a
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Speaker 6: lump sum in one of our accounts that we don't
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Speaker 6: touch and that could have gone towards renovating. But with
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Speaker 6: me deciding to take a step back from working and
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Speaker 6: focus on training, I was a bit nervous to put
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Speaker 6: all that money into our renos and then not have
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Speaker 6: anything if something was to come up with either properties
8:21
Speaker 6: or just life in general. So for us, it made
8:24
Speaker 6: more sense to pay the extra. I think over the
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Speaker 6: two years of the loan, which is ten grand, we
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Speaker 6: pay an extra five hundred dollars, and I was happy
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Speaker 6: to put an extra five hundred dollars into that to
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Speaker 6: save us that extra money on the signing case something
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Speaker 6: did come up. We do have our small emergency fund,
8:42
Speaker 6: but that's kind of an additional I haven't visil line,
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Speaker 6: so I've been paying that off for the last two years,
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Speaker 6: a little bit each week into a three four thousand dollars.
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Speaker 5: Four thousand dollars for invisil line. That is a money
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Speaker 5: win just at that side.
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Speaker 6: Note not quite, that's what I've got left to pay.
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Speaker 2: I was like, okay, yeah, alright, story four.
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Speaker 6: But yeah, I'm yeah, four to go, And then I
9:09
Speaker 6: have hex, so that's about six grand. I did a
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Speaker 6: couple of subjects while I was overseas by a correspondence
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Speaker 6: and that's a he's left on them.
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Speaker 2: Yeah, very cool. That story didn't check out.
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Speaker 5: As a recent Invisile Line graduate and Jess being a
9:24
Speaker 5: current invisil Line student, we were like four grand.
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Speaker 2: That doesn't check out. I give your number details, like
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Speaker 2: we need to get in contact with them. That stuff
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Speaker 2: of cost us eight grand each? Absolutely not.
9:37
Speaker 5: But moving on, I want to know you seem pretty
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Speaker 5: savvy when it comes to money. Do you use shop
9:43
Speaker 5: back when you're shopping online?
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Speaker 6: Yes? I do. I heard it and it took me
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Speaker 6: a little while after listening to the podcast to get
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Speaker 6: into it convert, but I have been getting into it.
9:53
Speaker 6: I don't shop a lot online, which I hear often
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Speaker 6: in your money diaries, but I do my best. I
9:58
Speaker 6: have the chrome intension and the apps, so whenever I
10:00
Speaker 6: am shopping, there's being used. So I've got a few
10:03
Speaker 6: things pending at the moment, but I've got about twenty
10:04
Speaker 6: five dollars in that's been approved, and I've been keeping
10:07
Speaker 6: an eye on the gift CUD percentages to buy some
10:10
Speaker 6: more bunning scouchers and Jetstar gift cud that's really Sprout
10:14
Speaker 6: Renovations and our travels.
10:16
Speaker 4: Did you use our code when you signed up to
10:18
Speaker 4: get yourself ten bucks as well?
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Speaker 6: I did? Yeah, which was nice.
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Speaker 2: Genius smart.
10:23
Speaker 4: That's free money if anyone's doing stuff shot back, SotM.
10:26
Speaker 2: That's the code.
10:27
Speaker 4: I used it when I signed up to get the
10:29
Speaker 4: ten dollars like you might.
10:30
Speaker 2: As I didn't. I didn't get it. Maybe I should
10:32
Speaker 2: hit them up.
10:33
Speaker 5: I had to get it and test it and then
10:35
Speaker 5: tell whom I wanted to work with them. They didn't
10:36
Speaker 5: give me ten bucks for signing up.
10:38
Speaker 2: Sucks for you. Yeah, what a stooge.
10:40
Speaker 5: If anyone else wants to get ten bucks when I
10:42
Speaker 5: couldn't go for it, ten out of ten can recommend
10:44
Speaker 5: as a solid money win. Next question I have for you,
10:48
Speaker 5: I feel like this is going to be a goodie jess.
10:50
Speaker 5: What is your best money habit?
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Speaker 6: So, I think my best money habit is that I'm
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Speaker 6: continuously working on my budget and kind of the money
11:00
Speaker 6: that's coming in. Working in the various jobs they have
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Speaker 6: over the last couple of years, haven't been earning a
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Speaker 6: set income weekly, monthly, yearly at all. So I have
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Speaker 6: one hundred different notes for pages on my computer writing
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Speaker 6: out different budgets and all of our bills and when
11:19
Speaker 6: they come out each week or whether they're paid monthly,
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Speaker 6: and yeah, that we have at the moment, we have
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Speaker 6: three different budgets styles. One is if we've just made
11:29
Speaker 6: the minimum that week and it pays our bills and
11:32
Speaker 6: a little bit towards investing, a little bit saving and
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Speaker 6: our emergency fund, and then there's comfortable, and then there's
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Speaker 6: like extra plus and then our money gets divoted across
11:42
Speaker 6: the different areas of our budgets depending on how much
11:45
Speaker 6: money we've made each week. So that definitely, I think
11:48
Speaker 6: is probably one of my best money habits is that, Yeah,
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Speaker 6: I'm just always on top of it and trying to
11:53
Speaker 6: make my money go as far as possible.
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Speaker 4: That's a really cool idea for people who are living
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Speaker 4: with a variable income, having like a track client system
12:00
Speaker 4: almost for your your budget of where it's at, because
12:03
Speaker 4: we get questions a lot about variable income, and that's
12:06
Speaker 4: such a smart way to do it because like your
12:08
Speaker 4: base level would be bare minimum covering costs. That's the
12:11
Speaker 4: most important thing any of us need to do, right.
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Speaker 4: But then on the times or the weeks when you
12:16
Speaker 4: do have more money, it's nice to know where that's going,
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Speaker 4: because otherwise that's when we tend to just like spend
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Speaker 4: it on whatever and it just disappears exactly.
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Speaker 6: Yeah, in your mind, it becomes like extra money, exactly,
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Speaker 6: extra money you actually this week, and it should go somewhere, right. Yeah.
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Speaker 2: I learn that word on this podcast. Fungible. Yeah, I know,
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Speaker 2: I really do you know what? That word gives me
12:37
Speaker 2: the ick? I know it's legitim sounds like fungus.
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Speaker 5: It's just it's gross, right, Like it's a gross word
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Speaker 5: like fungible, Like could you guys not have thought of
12:45
Speaker 5: something cuter?
12:45
Speaker 4: They could have, but they didn't.
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Speaker 5: So one out of ten do not recommend, all right,
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Speaker 5: I want to know. Let's flip this narrative on its head.
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Speaker 5: I ask every week, what is your worst money habit?
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Speaker 5: Give us the goss because I feel like you're good
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Speaker 5: at everything.
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Speaker 6: My worst money habit is definitely, I would say impulse buying.
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Speaker 6: It looks a little bit different to other people. When
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Speaker 6: I really want something, I will just buy it, regardless
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Speaker 6: of whether i'd like, you know, I could have saved
13:10
Speaker 6: up for it, Like I don't know if you can
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Speaker 6: see in the background this little tank here is my sake.
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Speaker 6: Oh my god, bought it one day.
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Speaker 4: He just came home with a same That is very funny.
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Speaker 4: How did your partner feel about just coming home to
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Speaker 4: a snake?
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Speaker 6: Well, he actually is studying to be a zoo keeper,
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Speaker 6: so she's in the circus, he's at the zoo.
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Speaker 5: Like it's like a match made in heaven. It's an
13:36
Speaker 5: obsessed with this couple. I want to know so much more.
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Speaker 5: Last question before we go for a really quick break.
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Speaker 5: What grade would you give your money habits if we
13:45
Speaker 5: forced you to give yourself a grade?
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Speaker 6: I think I give myself a B plus. I think
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Speaker 6: I've been set up and I've continued some really good habits.
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Speaker 6: But when it comes to a little bit more of
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Speaker 6: a structure, because I haven't had one before, I do
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Speaker 6: struggle with that, especially, you know, when I have had
14:03
Speaker 6: full time work or structures like you know, increasing super
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Speaker 6: for the future. I think that is where I need
14:09
Speaker 6: a lot more work.
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Speaker 5: Yeah, okay, I like that, but I also feel like,
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Speaker 5: as a woman who is twenty three now years old,
14:17
Speaker 5: like a bee, I'm not nah like I'm just throwing
14:20
Speaker 5: you straight in the bin. There, you are very close
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Speaker 5: to an A plus, my love. Let's talk more about
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Speaker 5: your zookeeper partner straight after this break though. All right,
14:32
Speaker 5: we are back and I want to dive straight in
14:35
Speaker 5: over the top of you, Jessica Ricci. I do apologize
14:38
Speaker 5: this is a bit perfect, but I want to know
14:40
Speaker 5: more about your zookeeper partner. Where'd you meet? How'd you meet? Like,
14:42
Speaker 5: how long have you been together? You're already married and
14:45
Speaker 5: you're twenty two. So to me this is just wild
14:47
Speaker 5: because at twenty two I was not the most responsible human,
14:51
Speaker 5: if we put it like that.
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Speaker 6: So, if I do say so myself, we have a
14:56
Speaker 6: cute little.
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Speaker 2: Oh love, sorry, oh really wanted a more there.
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Speaker 6: So we met in Sunday school when we were children
15:04
Speaker 6: and became best friends and we were in separal for
15:08
Speaker 6: many years, and he actually told me when we were
15:10
Speaker 6: twelve that he would marry me, and I was like,
15:12
Speaker 6: your little creep stops. But then, you know, through life,
15:19
Speaker 6: we hadn't seen each other for about six years, and
15:22
Speaker 6: mainly due to my traveling, and I hadn't seen him
15:25
Speaker 6: or his family or had any contact. And then on
15:28
Speaker 6: Valentine's Day last year, we ran into each other and
15:33
Speaker 6: then Yeah, basically within that week we were like, we're
15:36
Speaker 6: still as obsesses we were when we were twelve. And
15:40
Speaker 6: then we got married August last year, six months between
15:45
Speaker 6: us meeting and getting married, but obviously we did have
15:48
Speaker 6: that history. So yeah, because he told you when you
15:52
Speaker 6: were twelve that he was going to marry you.
15:55
Speaker 4: Did he say I told you so for that one?
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Speaker 2: Yeah, like did you have very cute you know what?
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Speaker 2: Anybody else would have seen that as a red flag.
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Speaker 5: Our money directs is like straight on in, let's go,
16:07
Speaker 5: let's marry this man.
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Speaker 6: Yeah, that's so safe.
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Speaker 4: What are your plans for when you're traveling with the circus?
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Speaker 2: Is that?
16:16
Speaker 4: Like will you be traveling, you know, state to state
16:18
Speaker 4: because that's how you know, circuses generally will perform on
16:21
Speaker 4: like a roving schedule where they're traveling around. What does
16:24
Speaker 4: that look like for you and your partner because I'm
16:26
Speaker 4: assuming being a zoo keeper there's a little bit less
16:29
Speaker 4: flexibility there and he'd probably be based in one place.
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Speaker 6: Yeah, so the circus. I've yet to work in a
16:36
Speaker 6: traveling circus. It's definitely a goal of mine, but I've
16:39
Speaker 6: worked in more like corporate spaces of circus. So if
16:44
Speaker 6: you have a big corporate event, people hire performers for those,
16:48
Speaker 6: or I've worked in like stationary shows or but once
16:53
Speaker 6: I have like residency contracts, So that does make it
16:55
Speaker 6: a little bit easier for if I was to get
16:58
Speaker 6: a contract that's traveling. We've already talked that he would,
17:01
Speaker 6: you know, come with me and he would either be
17:04
Speaker 6: a roady and help you know with pack up, pack
17:07
Speaker 6: down that kind of like manual labor site because he's
17:10
Speaker 6: done that in the past. He worked in sound and
17:12
Speaker 6: learning prior to working with animals. Or I am trying
17:17
Speaker 6: to convince him to do a surface acting with me.
17:20
Speaker 6: He's not so keen. He has done knife throwing in
17:26
Speaker 6: the past. And I don't know if you've ever seen,
17:28
Speaker 6: but there's.
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Speaker 5: A wild I just came home with a snake. Oh yeah,
17:32
Speaker 5: my partner's got to be a zerologist.
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Speaker 2: What do you do? Oh, I'm in the circus and
17:36
Speaker 2: my partner throws knife.
17:37
Speaker 6: Yeah.
17:38
Speaker 5: But all of that supported by good financial underpinnings like
17:42
Speaker 5: what you've got mortgages as.
17:43
Speaker 2: Well, live your best life.
17:44
Speaker 6: Live your best life.
17:46
Speaker 2: I want to be you when I grow up. What
17:48
Speaker 2: would you guys do together?
17:49
Speaker 4: And also what do you use because there's like a
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Speaker 4: lot of different areas within like I guess the spectrum
17:54
Speaker 4: of circus that you can specialize in, right.
17:56
Speaker 6: Yes, So I'm an aerialist, so that's my main thing.
18:00
Speaker 6: So I do anything that's in the air, silks, trapeze, lira, etc.
18:05
Speaker 6: So I've worked in the circus professionally since I was fifteen.
18:11
Speaker 6: So I took a year off school, did a full
18:13
Speaker 6: time course, and then started working in the circus. Did
18:17
Speaker 6: go back and finish school, but yeah, I've been working
18:20
Speaker 6: since then, so that's like my main thing. I do
18:22
Speaker 6: a little bit of ground stuff, but I'm a bit
18:24
Speaker 6: clumsy on the ground. My safe place is in the air.
18:27
Speaker 5: Oh my gosh, I'm obsessed with you. I love this
18:30
Speaker 5: all right. When it comes down to it, I want
18:33
Speaker 5: to know how did you end up with mortgages so young?
18:36
Speaker 5: Can I be a little bit pervy and ask, because obviously,
18:39
Speaker 5: when you're twenty two and you obviously have quite varied income,
18:43
Speaker 5: it's not as easy as going to the bank and saying, hey,
18:46
Speaker 5: I have a twenty percent deposit, give me a loan.
18:48
Speaker 5: So I feel like there might be a little bit
18:50
Speaker 5: more backstory there that I would love to know a
18:52
Speaker 5: bit more about my love.
18:53
Speaker 6: I'm glad you asked, because I love telling people how
18:57
Speaker 6: I got into the property market because it's a little
19:00
Speaker 6: bit different, and the kind of asterix I'll put on
19:04
Speaker 6: it is that I was not looking for my dream
19:07
Speaker 6: property and I was happy to be flexible with what
19:11
Speaker 6: I was finding, so that gave me a lot more opportunities.
19:14
Speaker 6: But when I was overseas, I was studying, and I
19:19
Speaker 6: was one day I was just sitting in my room
19:20
Speaker 6: and I was like, you know what, I want to
19:22
Speaker 6: move back to a show and I want to buy
19:23
Speaker 6: a house, which is really weird. I was really enjoying
19:25
Speaker 6: living in Europe and never thought I would ever come back,
19:28
Speaker 6: and so I on that contract. It was all the
19:30
Speaker 6: despensers paid, so what we earned from that contract just
19:34
Speaker 6: went straight into savings. We didn't have any bills, which
19:37
Speaker 6: was really amazing for about nine months that I was
19:40
Speaker 6: on that contract, and so I saved up a pretty penny.
19:44
Speaker 6: But then COVID hit and I was stuck in London
19:48
Speaker 6: during majority of the first stint of COVID, and so
19:52
Speaker 6: all of that money went down the dream. Oh so
19:54
Speaker 6: that was a bit sad because that was meant to be,
19:57
Speaker 6: you know, my deposit for a house. So when I
19:59
Speaker 6: came back, I was feeling a bit deflated. I only
20:02
Speaker 6: had I think I came back with only about two
20:03
Speaker 6: thousand Australian.
20:04
Speaker 2: Dollars understandably so though.
20:07
Speaker 6: I'm not going to get you very far on a
20:10
Speaker 6: deposit for a house. But I came back and I
20:14
Speaker 6: started working at a restaurant as soon as I got back,
20:16
Speaker 6: and I worked as many shifts as they would give me,
20:19
Speaker 6: so I think I was working fifty six hour weeks.
20:21
Speaker 6: Towards the end of that, I took a second job
20:23
Speaker 6: on the side. I was living with my month, so
20:27
Speaker 6: I was really lucky not to have to pay for rent,
20:29
Speaker 6: and I would mainly just eat the carcasses of what
20:32
Speaker 6: grocery she was buying, so I didn't have to buy
20:35
Speaker 6: a lot for myself. And I took the bus even
20:38
Speaker 6: though I had a car, to save on those expenses,
20:41
Speaker 6: and I saved about twenty grand. And I went to
20:44
Speaker 6: the broker when I only had about five saved and said, hey,
20:47
Speaker 6: this is my plan. I'm fast tracking to save twenty
20:51
Speaker 6: grand in the next three months. Right now I only
20:53
Speaker 6: have five, but I promise you I will get there,
20:55
Speaker 6: What mortgage can I get and what do I need
20:59
Speaker 6: to set up my finances to make sure that that
21:02
Speaker 6: will happen early next year? And so I started looking
21:06
Speaker 6: for properties about four months after I got home, and
21:10
Speaker 6: I had that savings, but as we all know, the
21:13
Speaker 6: property market has been a bit crazy, so a few
21:15
Speaker 6: of my offers were rejected. But finally I found a
21:17
Speaker 6: place that was about one hundred grand less than they
21:22
Speaker 6: said they would loan me, and I was like, perfect,
21:25
Speaker 6: because it's a much more affordable mortgage each week. So
21:28
Speaker 6: I'm glad I did that. And I bought the property
21:30
Speaker 6: on my own, so my now husband wasn't a part
21:33
Speaker 6: of that at all. We kind of met during that process,
21:36
Speaker 6: but that was my thing and I saw it through
21:39
Speaker 6: on my own. And then the second property we did
21:42
Speaker 6: buy together, we used that equity on the home I
21:45
Speaker 6: had bought on my own to pay for everything for
21:48
Speaker 6: the other property, so we had to put no money
21:50
Speaker 6: towards that. We had quite a bit of equity. I
21:54
Speaker 6: think it was about fifty grand in those six months
21:57
Speaker 6: between when I bought this property and when we were
21:59
Speaker 6: looking at the other property that we had to play with, So.
22:02
Speaker 4: Holy Moly, do guys share your finances fully as a couple.
22:06
Speaker 6: Yes, I know that lots of other couples don't, but
22:10
Speaker 6: for us, it just makes it easier. He is happy
22:13
Speaker 6: for me to take the reins with that. When we met,
22:15
Speaker 6: he didn't work very much. He had a lot of
22:17
Speaker 6: after pays, it paid debts and we kind of worked
22:20
Speaker 6: together to get better habits and he's now like super interested.
22:24
Speaker 6: But by putting it together, it just gives us a
22:26
Speaker 6: little bit more money to work with each week and
22:30
Speaker 6: stretch a bit further.
22:31
Speaker 4: It's just whatever works to you, Like, there's no right
22:33
Speaker 4: or wrong. Like you said, some couples that doesn't work,
22:35
Speaker 4: but for you guys, it does and that's awesome.
22:37
Speaker 5: Yeah, I love it so much. So what's the property
22:40
Speaker 5: plan moving forward? Is the plan to build up some
22:42
Speaker 5: equity and purchase some new houses or what are we
22:46
Speaker 5: doing when it comes to creating passive revenue?
22:48
Speaker 6: Yes, so that is the plan. We are plenty on
22:52
Speaker 6: sitting down with a broker again in a couple of
22:55
Speaker 6: weeks to see if there's a potential for us to
23:00
Speaker 6: buy another property before we go overseas next year and
23:04
Speaker 6: see if that's something we want to do. So obviously
23:07
Speaker 6: our finances don't are definitely not in a position at
23:09
Speaker 6: the moment to buy somewhere. But by the end of
23:15
Speaker 6: this year, we'll be ready to go back to full
23:17
Speaker 6: time work, and so we'll probably sit down with them
23:19
Speaker 6: and ask, Okay, what do we need to be earning,
23:22
Speaker 6: what do our bank need to look like, how much
23:24
Speaker 6: equity do we need to have on the property to
23:27
Speaker 6: buy a third or a second investment property, and just
23:30
Speaker 6: see if that's something we want to push ourselves to
23:33
Speaker 6: do or if we'd rather just relax and not. But
23:37
Speaker 6: we're definitely keen if we can do it, to do that,
23:40
Speaker 6: just because once we go overseas, we won't really buy
23:43
Speaker 6: for a few more years. So yeah, there's definitely the
23:47
Speaker 6: opportunity to get another property. The valuation on the house
23:51
Speaker 6: that we live in has gone up since we bought
23:54
Speaker 6: the other property, so there is a little bit more
23:56
Speaker 6: equality to play with again, which was quite nice. Yeah.
23:59
Speaker 6: But yeah, and just by year at the moment and
24:02
Speaker 6: working with someone to see if that's a possibility.
24:04
Speaker 5: Oh my gosh, I'm obsessed, Like, that's crazy to me
24:08
Speaker 5: that you're in such a strong financial position because you know,
24:12
Speaker 5: me being me, knowing enough about mortgages and how it
24:15
Speaker 5: all works. I genuinely thought you were going to come
24:17
Speaker 5: in and be like, okay, cool, like there was some
24:19
Speaker 5: family help there. But you're a little stellar saver and
24:22
Speaker 5: I should never have doubted you.
24:23
Speaker 2: What a queen.
24:24
Speaker 6: I love this well, there was a little bit of
24:27
Speaker 6: family help, you know, having your bills paid for and
24:30
Speaker 6: not having to pay you know, MP and groceries every
24:34
Speaker 6: week definitely, you know, makes it much easier to save
24:38
Speaker 6: the deposits. So very grateful for that at the beginning.
24:41
Speaker 4: Of course, of course, how did you find working overseas
24:46
Speaker 4: in terms of income and tax because that's something we
24:49
Speaker 4: get asked a lot. A lot of people are really interested,
24:51
Speaker 4: I think now, especially after being locked up for a
24:54
Speaker 4: couple of years during COVID, people want to know about
24:57
Speaker 4: I guess that more nomadic lifestyle where you do you
25:00
Speaker 4: get to trouble around and do things like that. Did
25:03
Speaker 4: you find it really complicated, you know, living in one
25:06
Speaker 4: country earning money, but then obviously, like your Australians, you've
25:09
Speaker 4: got tax responsibilities here. How did you navigate that and
25:13
Speaker 4: figure out, you know, what the right thing to do was.
25:16
Speaker 6: So I buried my head in the sand Noorday, Yeah, honesty,
25:22
Speaker 6: I'm probably not the best method. I I think kind
25:24
Speaker 6: of end of last year, I finally did all my
25:26
Speaker 6: tax returns for the last you know, six years or
25:29
Speaker 6: whatever I had, but I haven't been done. But the
25:34
Speaker 6: kind of benefit of me doing that, or how I
25:36
Speaker 6: was able to do it without getting into too much
25:38
Speaker 6: trouble with When I was overseas, I was under my
25:41
Speaker 6: British passports, so I'm a dual citizens. Yeah, okay, So
25:44
Speaker 6: most of the time when I lived in Canada, I
25:47
Speaker 6: didn't work, so I didn't have to worry about tax
25:50
Speaker 6: implications there, and then the rest of the time was
25:52
Speaker 6: in Europe, so I was under my British pastplort. There's
25:55
Speaker 6: definitely a few things that I am drew to look
25:58
Speaker 6: at over there in terms of like I'm pretty sure
26:01
Speaker 6: one of our contracts we had some sort of like
26:04
Speaker 6: insurance or taxes that were under like a Germany umbrella,
26:09
Speaker 6: and we have some money that we were owed back,
26:12
Speaker 6: but it was all in German on the piece of paper,
26:14
Speaker 6: and so I just never looked at it. But I'm
26:17
Speaker 6: sure I've got some money over there that either needs
26:19
Speaker 6: to be paid or I need to get back Yeah, Yeah,
26:22
Speaker 6: definitely was the best attitude I had towards it. But yeah,
26:26
Speaker 6: definitely moving forward when we go overseas next year, we're
26:28
Speaker 6: kind of already setting up how that will look and
26:32
Speaker 6: how I meant to do, you know, the right thing,
26:33
Speaker 6: rather than you know, me just putting my head in
26:37
Speaker 6: the sand and hoping for the best.
26:38
Speaker 2: Yeah, okay, great plan. I lack the sound of that.
26:41
Speaker 5: Oh my gosh, I think that's all we have time
26:43
Speaker 5: for today, Jess, unless you had some sneaky last minute questions.
26:47
Speaker 4: No, that was such a fun die that was sharing
26:50
Speaker 4: with us. That was just so interesting.
26:53
Speaker 5: I feel like we were on the a roller coaster literally,
26:56
Speaker 5: or we've been thrown literally into the circus love lovell
26:59
Speaker 5: thank you for having me, all right, Jess, Unfortunately it
27:03
Speaker 5: is time.
27:03
Speaker 2: Can you wrap the boring but important stuff?
27:05
Speaker 4: Of course, don't forget guys, the advice shed on She's
27:08
Speaker 4: on the money is general in nature and does not
27:10
Speaker 4: consider your individual circumstances. She's on the money exist purely
27:13
Speaker 4: for educational purposes and should not be relied upon to
27:16
Speaker 4: make an investment or a financial decision. And we promise
27:19
Speaker 4: Victoria divine and she's on the money, are authorized representatives
27:22
Speaker 4: of Infocused Securities Australia Proprietary Limited ABN four seven oh
27:26
Speaker 4: nine seven seven nine seven O four nine ASL two
27:29
Speaker 4: three six five two three.
27:31
Speaker 2: See you on Wednesday.
27:32
Speaker 1: Guys.
27:32
Speaker 4: Bye,