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MONEY DIARIES: The 7 year old investing legend · She's On The Money

0:01
Speaker 1: She's on the Money, She's on the Money.
0:17
Speaker 2: Hello, and welcome to She's on the Money, the podcast
0:20
Speaker 2: for millennials who want financial freedom. Now by now you
0:24
Speaker 2: probably know that my name is Victoria Devine and as
0:26
Speaker 2: always I am joined for Money Diaries by Ryan John.
0:30
Speaker 2: This week's diary was honestly one of our favorites to date.
0:34
Speaker 2: And I know we say that all the time, but
0:35
Speaker 2: we were joined by one of our country community members
0:38
Speaker 2: who's savvy seven year old is helping the family make
0:41
Speaker 2: better investment choices. This is the email she sent to
0:45
Speaker 2: the team.
0:46
Speaker 3: Hey, Ryan, I started investing with Superhero in November twenty twenty,
0:50
Speaker 3: so that's a lot not that long ago, late last year.
0:53
Speaker 2: Yeah, that's actually quite recent. That's four months.
0:56
Speaker 3: Ago after learning all about investing through She's on the
0:59
Speaker 3: Money in other podcasts that I listened to during lockdown.
1:02
Speaker 3: We have a smaller portfolio, investing between one hundred and
1:04
Speaker 3: one hundred and fifty dollars as that's all we could
1:06
Speaker 3: afford as a family at the time, currently sitting on
1:09
Speaker 3: nine investments with a return of four point eight nine
1:12
Speaker 3: percent return, although this varies daily obviously. Now this is
1:15
Speaker 3: where it's going to get really interesting for YOUV you
1:17
Speaker 3: ready for.
1:17
Speaker 2: This, I'm so ready.
1:20
Speaker 4: We love the ease of.
1:21
Speaker 3: Superhero to purchase the information provided and it's a simple format.
1:25
Speaker 3: So much so that one of the nine investments we
1:27
Speaker 3: are sitting on was chosen by my seven year old
1:30
Speaker 3: because when I was reading up on the company, he
1:32
Speaker 3: decided to help me.
1:34
Speaker 4: That's actually seven years old.
1:36
Speaker 2: That's so cute. And you know what, Ryan, that actually
1:38
Speaker 2: ties into recent research that says your money story starts
1:42
Speaker 2: foming at the age of seven. Check that out a
1:45
Speaker 2: Superhero fan.
1:47
Speaker 3: So once a month, the seven year old and I
1:48
Speaker 3: sit down and we check in and we see how
1:51
Speaker 3: our investments go.
1:51
Speaker 2: That makes my soul so happy.
1:53
Speaker 4: We so love it.
1:54
Speaker 3: I always thought that this was something we couldn't achieve
1:57
Speaker 3: whilst having a young family slash saving for a house,
1:59
Speaker 3: because you know, we've got these young kids for a house.
2:01
Speaker 3: But they said, no, we're going to spread it out
2:03
Speaker 3: and we can have multiple priorities at a time, and
2:05
Speaker 3: as well as saving up for their emergency fund and
2:07
Speaker 3: getting ready and through the bushfire evacuations and stuff like that.
2:10
Speaker 3: They've had a tough time.
2:11
Speaker 2: And they're still investing.
2:13
Speaker 3: They've kind of just decided that we're not going to
2:15
Speaker 3: have an excuse, and even though we can only invest
2:18
Speaker 3: little bits, we're.
2:19
Speaker 4: Still going to do it.
2:19
Speaker 2: That is the mentality that I would like everybody to have.
2:22
Speaker 4: Let's give them a call, shall we?
2:24
Speaker 2: Let's call them now?
2:30
Speaker 4: Hello, Hey, this is Ryan from ses on the Money.
2:33
Speaker 4: Hey you doing.
2:34
Speaker 1: I'm well, how are you well?
2:36
Speaker 4: I've got Victoria to vine with me here as well
2:38
Speaker 4: as say hi.
2:38
Speaker 2: The hello, Hello, how are you well? Thank you? How
2:42
Speaker 2: are you really well? Victoria was so grateful that you're
2:46
Speaker 2: joining us, especially at kids' dinner time.
2:49
Speaker 1: That's okay. I was like, to sit there, I.
2:52
Speaker 2: Mean, do we get dinner too?
2:54
Speaker 1: Pop round.
2:56
Speaker 3: Victoria was very tough to hear that you're seven year
3:00
Speaker 3: old is getting into the investing side of things.
3:03
Speaker 1: Yes. So he was like, I don't like this one, mom,
3:06
Speaker 1: how about we talk about because I gave them sort
3:08
Speaker 1: of two options when we were looking at the profiles
3:11
Speaker 1: because it's quite basic up on Superhero and he was like, no,
3:14
Speaker 1: I don't really like that one, and I was like,
3:15
Speaker 1: oh why.
3:17
Speaker 2: So we were like, look, I read the ad report
3:19
Speaker 2: and their CEO just hadn't made some really bad decisions
3:22
Speaker 2: in the last financial year.
3:24
Speaker 1: I was like, look, this is how and he's like, mom,
3:27
Speaker 1: So we went with Arena and he chose that one
3:31
Speaker 1: because it builds early learning development centers, childcares and so forth,
3:36
Speaker 1: and healthcare over the other one I was looking at
3:40
Speaker 1: with service stations. He's like, Mom, we have enough fuel
3:42
Speaker 1: stations of honey. Yeah.
3:45
Speaker 2: So I was like, we need more education mom.
3:48
Speaker 1: Pretty much yeah, and healthcare.
3:49
Speaker 2: So I would take stock tips from this kid. He
3:52
Speaker 2: knows what's up. So I was like, okay, gosh, you'll get.
4:00
Speaker 1: No.
4:00
Speaker 2: But like, investing can start small and it can grow
4:04
Speaker 2: from there. And I think that in a situation where
4:07
Speaker 2: you are investing with children, it's arguably better to start
4:11
Speaker 2: with small amounts because those amounts are tangible to them.
4:14
Speaker 2: Like they know how much like milk might cost, they
4:17
Speaker 2: know how much lollies are, et cetera. They're not going
4:19
Speaker 2: to understand one hundred thousand dollars share port volio. That's
4:22
Speaker 2: beyond what their comprehension is.
4:25
Speaker 1: So for us, we live region or remote, yeah, we
4:28
Speaker 1: don't have takeaway options or anything like that. So I said, okay, well,
4:32
Speaker 1: if we do go ahead with buying this one, that
4:35
Speaker 1: is pretty much the four of us going out for
4:37
Speaker 1: dinner to the local pub and he's like, well, I
4:40
Speaker 1: could make lasagna, and I was.
4:41
Speaker 2: Like, oh my gosh.
4:43
Speaker 1: The little compromises just so that he was more aware of, well,
4:47
Speaker 1: we don't have lots of money, we can't do both
4:49
Speaker 1: all the time, and getting him in the mindset of okay,
4:52
Speaker 1: well you know you might need to sacrifice a little bit, and.
4:55
Speaker 2: He's okay with that.
4:57
Speaker 3: Yeahwe Oh my god, he's made more as onions than
5:01
Speaker 3: I have and longer than seven years, so easy.
5:07
Speaker 4: So that's really impressive. What we're going to do is
5:10
Speaker 4: design the investing both.
5:14
Speaker 3: What we're going to do is go through our regular
5:17
Speaker 3: money diary esque questions and then even though we've got
5:20
Speaker 3: off track because we were so impressed with I was like,
5:23
Speaker 3: what why is this not my child It's.
5:27
Speaker 1: Definitely wasn't my childhood. So that's kind of where we're
5:30
Speaker 1: going to make some improved steps.
5:32
Speaker 2: Well, why don't we jump into the official interview questions,
5:35
Speaker 2: ask those and then we can have a chat straight
5:38
Speaker 2: after about that story. Yep, okay, So let's jump into
5:42
Speaker 2: the first question and start with, can you describe to
5:45
Speaker 2: me what your relationship with money is like?
5:47
Speaker 1: Been up and down, probably more of a negative. Through
5:51
Speaker 1: my early twenties, I probably relied on credit more than
5:53
Speaker 1: I should have.
5:54
Speaker 2: So it's improving, improving. I like that. So what do
5:58
Speaker 2: you do for work and for the rest of your life?
6:01
Speaker 1: So pretty much I work in regional tourism, and.
6:04
Speaker 3: Regional tourism have had a pretty interesting twelve months, It's
6:07
Speaker 3: fair to say, a bit.
6:08
Speaker 2: Rocky, you might say.
6:09
Speaker 1: So. First we were evacuated with bushfires, and then we
6:14
Speaker 1: returned home for about a month before getting shut downs
6:18
Speaker 1: for COVID Britten of Victoria.
6:21
Speaker 2: So you've essentially been thrown under the bus.
6:23
Speaker 1: It's a nice way to word.
6:25
Speaker 2: How is it going now? Are you going? Are you
6:27
Speaker 2: back to work? Are you planning on going back to
6:29
Speaker 2: work soon? What does the next twelve months look like?
6:32
Speaker 1: So I've actually just finished up with this job. I've resigned,
6:36
Speaker 1: finishing mid March, and then I'm going to work still
6:41
Speaker 1: in regional tourism, but in our local community on a
6:44
Speaker 1: thirty eight hour week contract.
6:45
Speaker 2: Oh cool, Well, I'm glad that exists for you.
6:48
Speaker 3: So it just comes down to you just need full
6:50
Speaker 3: time hours and you've got to take what you can get, right.
6:53
Speaker 1: Yes, And the other position was forty five minutes away.
6:56
Speaker 2: Oh that's a bit of a hike.
6:58
Speaker 1: Yeah, so drive time, I'll be saying, in an hour
7:00
Speaker 1: and a half a day, Oh how good, plus weare
7:04
Speaker 1: and tear on the car. So my partner worked out
7:06
Speaker 1: He's like, it's a ten grand savings. I was like, okay,
7:09
Speaker 1: he's week in more hours and you can pretty much
7:13
Speaker 1: walk or ride to work.
7:14
Speaker 2: So that how good is that? That'll be much better
7:17
Speaker 2: for work life balance, I believe. So I want to
7:20
Speaker 2: get a little bit per V. What do you earn
7:23
Speaker 2: and how much money is sitting in your bank account
7:25
Speaker 2: right now?
7:26
Speaker 1: So I earn forty eight thousand a year in my
7:30
Speaker 1: bank account in multiple accounts, so pretty much we have
7:34
Speaker 1: everything's joint for us. In our pay account, it's sitting
7:37
Speaker 1: in at one thousand dollars with two thousand coming in tonight.
7:41
Speaker 1: Our short term savings is sitting at three hundred and
7:44
Speaker 1: thirty dollars. Our direct debit account is sitting at six
7:48
Speaker 1: hundred and eighty home loan account that we're trying to
7:52
Speaker 1: say for it's about four and a half grand. Then
7:55
Speaker 1: we sort of have one thousand dollars buffer account in
7:57
Speaker 1: case something comes up and then a separate immergegency fund
8:01
Speaker 1: for about two and a half two wasn't at the moment.
8:04
Speaker 2: And do you feel confident making decisions around money.
8:08
Speaker 1: We're getting better, I liked, we probably spent quite easily
8:12
Speaker 1: and we're starting to rein it in good We were
8:15
Speaker 1: in a higher income in a city and then we've
8:18
Speaker 1: gone to lesser income for a better family life where
8:22
Speaker 1: we're living, and in turn we're probably still spending like
8:25
Speaker 1: we we're making a lot more money.
8:27
Speaker 2: That is so common, so many people do that you
8:30
Speaker 2: just get used to that type of lifestyle. Like it's
8:34
Speaker 2: exactly but you get used to the bottle of wine
8:37
Speaker 2: that you pick up from the bottle though, like you
8:39
Speaker 2: just get used to it. Same with food. You just
8:42
Speaker 2: get used to a certain standard of things. And changing
8:45
Speaker 2: your entire budget isn't actually as easy as just going, oh,
8:49
Speaker 2: we'll just rein it in a bit, like you actually
8:50
Speaker 2: have to plan for.
8:51
Speaker 1: That, Yes, and so it's got My partner pretty much
8:56
Speaker 1: unfortunately worked after some seasonally employment for a few weeks
9:00
Speaker 1: before we got evacuated for bush fires, and has probably
9:03
Speaker 1: only been working for the last three months. So we
9:07
Speaker 1: lived off our emergency savings or our emergency fund and
9:10
Speaker 1: part of our house deposits.
9:11
Speaker 2: My gosh, how stressful.
9:14
Speaker 1: Well it wasn't.
9:15
Speaker 3: It wasn't a release to That's why you have an emergence.
9:18
Speaker 2: Yeah, that's exactly why you have it, right.
9:20
Speaker 1: Yeah, And so we did all of that. We had
9:23
Speaker 1: a lot more family time, We planted our veggie garden,
9:26
Speaker 1: we adopted some chickens, We spent more time together, the
9:29
Speaker 1: four of us. So there was a lot of positives
9:31
Speaker 1: for us out of COVID and then reassessing how much
9:34
Speaker 1: we can actually survive on happily. So it's actually helped
9:39
Speaker 1: us with our budget.
9:39
Speaker 2: So you basically lived my dream life during COVID. I
9:43
Speaker 2: really want chickens.
9:46
Speaker 4: Chickens so many Dallas people right now.
9:48
Speaker 2: Steve says no, but that's okay, all right, So how
9:50
Speaker 2: do you feel.
9:51
Speaker 1: Do I get drunk through COVID Because that's how I
9:53
Speaker 1: bought our chicken croop.
9:56
Speaker 2: I was like, oh what happened? Oh she bought a
9:58
Speaker 2: chicken croup. I bought a kitten and a puppy. So
10:02
Speaker 2: I don't know if I can stopper.
10:05
Speaker 1: And I was like, let's do this.
10:07
Speaker 2: Ten out of ten. I bet it is the bougiest
10:10
Speaker 2: chicken coop you've ever seen it?
10:11
Speaker 1: Matches our house.
10:12
Speaker 2: It's all our good all right, back to questions, how
10:18
Speaker 2: do you feel about money coming into your bank account?
10:20
Speaker 1: Good? We're so Scott and I have kind of land
10:23
Speaker 1: that we can live on minimum hours, So twenty two
10:26
Speaker 1: point eight is pretty much all I'm earning at the moment,
10:28
Speaker 1: and we have worked out our budgets and our direct
10:32
Speaker 1: debits and everything on that basic income. So with a
10:35
Speaker 1: new job, moving up to thirty eight hours with pay rise,
10:39
Speaker 1: we're going to be putting more money into our home. One.
10:41
Speaker 2: Yeah, that's so good. That is so good. So do
10:45
Speaker 2: you currently invest if so? How?
10:48
Speaker 1: Yes? So we started after listening to a few podcasts
10:51
Speaker 1: so She's on the money, as well as a few
10:53
Speaker 1: others through lockdown.
10:54
Speaker 2: Which are the other ones? Do you listen to my
10:55
Speaker 2: Millennial Money?
10:57
Speaker 1: I do?
10:57
Speaker 2: Oh I love them?
10:59
Speaker 1: So that one Australian Finance with.
11:02
Speaker 2: Oh yeah yeah they're great. Yeah yeah.
11:05
Speaker 1: Well as Equity Mates Yeah yeah.
11:07
Speaker 2: They're great too, all of them.
11:10
Speaker 1: Yes, So it was quite good. We I realized when
11:12
Speaker 1: I first started working from home, I was listening to
11:14
Speaker 1: crime podcasts and I was like, well, this isn't effective.
11:17
Speaker 2: I still listen to crime podcasts.
11:20
Speaker 1: So a Facebook group I follow suggested your page first.
11:24
Speaker 1: So from you guys in season one spiral, Yeah, so
11:28
Speaker 1: it was really exciting. So investment we started with Spaceship.
11:32
Speaker 1: We have about eight hundred dollars in that one. From there,
11:37
Speaker 1: we also have Superhero. Yep, so a superhero that's not
11:43
Speaker 1: sitting that well today, but we have been got nine
11:47
Speaker 1: different options in Superhero and it's raising between a positive
11:53
Speaker 1: one point eight percent and eleven percent. Would Yes, that's
11:57
Speaker 1: been exciting. And I also spiraled down in to the
12:00
Speaker 1: rabbit warren of crowd equity funding for IPOs. Oh my gosh,
12:04
Speaker 1: and we sit on a little part of a company
12:08
Speaker 1: in there as well.
12:09
Speaker 2: Oh how cool. That's super fun. And you do all
12:12
Speaker 2: of that through Superhero.
12:14
Speaker 1: No, the crowd funding was through another app, and.
12:18
Speaker 2: Yeah, how fun.
12:20
Speaker 1: So I refinitely extarted for June for when you potentially
12:23
Speaker 1: might be launching something else.
12:25
Speaker 2: Yes, keep it out all right. Do you have any
12:29
Speaker 2: debts of any kind? If so, what if not, how
12:32
Speaker 2: do you feel about debt?
12:34
Speaker 1: We have about one thousand and two hundred owing on
12:39
Speaker 1: a credit card and that is actually all getting repaid
12:42
Speaker 1: to us after we listen to your insurance like session really. Yeah,
12:49
Speaker 1: so we realized that that's actually owed to us, so
12:52
Speaker 1: that actually owe us one thousand, five hundred. So we'll
12:54
Speaker 1: be in front on the.
12:55
Speaker 2: Credit card nic money win.
12:57
Speaker 1: Correct. We paid that off over through COVID, and then
13:01
Speaker 1: Scott just has a personal loan and it's five thousand dollars.
13:05
Speaker 1: So once the credit card's done, we'll be focusing.
13:08
Speaker 2: On getting one that. How good.
13:11
Speaker 1: Yeah, and then it'll pretty much just all be going
13:14
Speaker 1: into savings, all back into investing.
13:16
Speaker 2: I like that. So do you have any good money
13:19
Speaker 2: habits that you're especially proud of?
13:21
Speaker 1: Not really. The last six months gave us time to
13:24
Speaker 1: sit down do our budget focus. We sort of now
13:28
Speaker 1: know how much money is going out for school fees,
13:32
Speaker 1: after school activities, and then we've also put in place,
13:36
Speaker 1: you know that extra coffee money, a few other things.
13:39
Speaker 1: For my birthday this year, We've got a nice coffee machine,
13:41
Speaker 1: so we're not spending so much money out.
13:43
Speaker 2: Another money win from you.
13:45
Speaker 4: That's the definition of a gift that keeps on giving.
13:47
Speaker 2: Yeah, that is actually very shot backed.
13:49
Speaker 1: Oh, money win win win, so exciting.
13:53
Speaker 2: I love that.
13:54
Speaker 1: Yeah, So small little things like that are encouraging us,
13:57
Speaker 1: I suppose to be a little bit more like happy
13:59
Speaker 1: with our decisions and bigger purchases. We're enjoying spending the
14:04
Speaker 1: money because we've got the money. It's not coming out
14:06
Speaker 1: from credit. We've actually saved it.
14:09
Speaker 2: And it feels so much more encouraging, doesn't it.
14:11
Speaker 4: Yeah.
14:12
Speaker 1: No, not one hundred percent at this point, but there's
14:15
Speaker 1: slow steps that we are becoming more money confident.
14:19
Speaker 2: I'm not going to lie, but I think that all
14:20
Speaker 2: of that is are wildly incorrect. Because you said that
14:24
Speaker 2: you're not sure if you don't have any good money.
14:26
Speaker 2: I was going to say, and I'm pretty sure your
14:29
Speaker 2: email to us outlined the fact that your kids are
14:31
Speaker 2: talking about investment on a weekly basis. So I will
14:35
Speaker 2: start there and say that I would be especially proud
14:38
Speaker 2: of that.
14:38
Speaker 1: Well, so a little while ago they where we live,
14:42
Speaker 1: we have quite a big open water space and they
14:44
Speaker 1: want to kayaks. So I have one from years ago
14:47
Speaker 1: as a birthday gift, and I just went, well, you know,
14:50
Speaker 1: Dad and I aren't a position at the moment. Dud
14:52
Speaker 1: was working hospitality and hospitality was in a low season.
14:55
Speaker 1: I said, we can't really afford it, but you know,
14:57
Speaker 1: they're collecting cans for ten cents ap. Why don't you
15:01
Speaker 1: guys start doing that and then if you can reach that,
15:03
Speaker 1: we'll have the kayak cock.
15:05
Speaker 2: Oh that's so good.
15:07
Speaker 1: They went to our next door neighbors and a few
15:10
Speaker 1: other people and said, look, this is what we're going
15:12
Speaker 1: to be doing. So they were four and five at
15:15
Speaker 1: the time. It was mainly driven by our five year
15:17
Speaker 1: old and he was like, if I collect all these cans,
15:21
Speaker 1: mom and dad are going to give me money for
15:22
Speaker 1: a kayak, and we now have Ko kayaks.
15:26
Speaker 2: These kids. I loved him.
15:29
Speaker 1: Yeah, so he would go. He's like, oh, we'll come
15:32
Speaker 1: down and pick them up. We'll ride our bikes down
15:34
Speaker 1: and get them. So indirectly I had to push a
15:36
Speaker 1: wheelbarrow down to collect collect Yeah. No. So he had
15:42
Speaker 1: these great ideas and everyone was quite supportive, and our
15:45
Speaker 1: house just built up with cans and bottles and then
15:48
Speaker 1: they would sort them between cans and plastics and then glass,
15:52
Speaker 1: and then he would go and put them in to
15:53
Speaker 1: get his ten cents and made money over a summer holiday.
15:56
Speaker 1: Oh my gosh, so here could go.
15:59
Speaker 2: That is the sweetest thing ever. I will almost feel
16:03
Speaker 2: bad having to ask you the next question, which is
16:06
Speaker 2: what is your worst money habit?
16:09
Speaker 1: Probably food. We don't really have a buffer for food.
16:12
Speaker 1: Like last night, I was like, oh, we'll just going
16:13
Speaker 1: to visit that at work, and then we walked out
16:15
Speaker 1: with one hundred dollars food bills, just the kids and
16:17
Speaker 1: I because we were eating good food and drinking gin.
16:20
Speaker 1: I was like, oh, well I was they went.
16:22
Speaker 2: I was about to be like, okay, you do you
16:26
Speaker 2: spending their kayak money on gin?
16:29
Speaker 4: Yeah?
16:30
Speaker 1: So probably our worst one is good food and good wine.
16:33
Speaker 1: But we also live in northeast Victoria, so we are
16:36
Speaker 1: spoilt with choices.
16:38
Speaker 2: Yeah. Absolutely. So what are you currently saving for? Do
16:42
Speaker 2: you have a big money goal at the moment?
16:44
Speaker 1: Short term is going to be our holidays. Kids want
16:47
Speaker 1: to go up to Gold Coast, so we're saving for that,
16:51
Speaker 1: and then long term house deposit.
16:53
Speaker 2: I love that final question before we jumped to a
16:56
Speaker 2: quick break. How would you rate yourself if I forced
16:59
Speaker 2: you to give yourself for financial reading see s C.
17:03
Speaker 1: Why is that only because I've only just put in
17:07
Speaker 1: place our budget and I think that we can tweak
17:10
Speaker 1: that to be more positive with regular investments into investing
17:14
Speaker 1: and some more money going into house deposits and so
17:17
Speaker 1: forth once our debt has cleared.
17:27
Speaker 2: So, Ryan, how did you like that?
17:31
Speaker 4: Very impressive?
17:32
Speaker 2: I was impressive.
17:33
Speaker 3: I just want to ask if it's deliverate or just
17:36
Speaker 3: happening anyway. But it feels like you're teaching your kids
17:40
Speaker 3: some really great lessons about not just money, but about
17:43
Speaker 3: kind of discipline and sacrifice. And if I want something great,
17:47
Speaker 3: I have to put some thought and effort into it.
17:48
Speaker 3: Is that something that you've consciously decided or is that
17:51
Speaker 3: just naturally coming out? Because I think either way, it's
17:53
Speaker 3: definitely happening. By the sounds of things.
17:55
Speaker 1: I think a little bit natural. So growing up, my
17:59
Speaker 1: parents bankrupt when we're about when I was about five,
18:03
Speaker 1: so mum and dad have taught us a little bit
18:05
Speaker 1: about money. They were very frugal, and I think that's
18:08
Speaker 1: potentially why we spend a little bit more on food
18:11
Speaker 1: and wine, because it's things that we didn't get when
18:12
Speaker 1: we were younger. Yeah, okay, So I think the transparency
18:16
Speaker 1: that we're trying to show to the kids, they're more
18:19
Speaker 1: aware of it, so then they can consciously make their
18:21
Speaker 1: decisions as they grow up. I like that.
18:23
Speaker 2: I really really like that, and I think it's something
18:25
Speaker 2: that at any income level is teachable, and I think
18:29
Speaker 2: that being transparent with your kids is never a bad thing.
18:32
Speaker 2: I grew up and my parents were always super transparent
18:35
Speaker 2: about money, and I thought that it taught me a
18:36
Speaker 2: lot about well, what can we afford and how does
18:38
Speaker 2: this work and what does that mean? And I think
18:41
Speaker 2: that that taught me that there's a lot to do
18:43
Speaker 2: with consequences, right, like you can pick one thing or
18:45
Speaker 2: not another thing. But I think that not enough people
18:48
Speaker 2: are doing it. So I'm so excited that you are.
18:51
Speaker 3: A few years ago, I had to leave it like
18:53
Speaker 3: a pretty high paying job, and I was just mentally
18:56
Speaker 3: a mess because I just was like, oh, this is it.
18:58
Speaker 3: I've wasted my chance over But it seems with all
19:02
Speaker 3: the setbacks you've had, you've seemed to just accepted that
19:06
Speaker 3: it's just a temporary thing. It'll be fine later on.
19:08
Speaker 3: I'll eventually get back to full time work. It seemed
19:11
Speaker 3: too as hard, and I mean, it's easy for us
19:13
Speaker 3: to say in hindsight and we didn't have to go
19:14
Speaker 3: through it, But hearing you, it sounds like you just
19:18
Speaker 3: did a really good job of accepting that making the
19:20
Speaker 3: best of a bad situation, and didn't let it get
19:23
Speaker 3: you down too much? Is that fair to say? And
19:26
Speaker 3: because it sounds like you've been having a pretty good.
19:27
Speaker 1: Time, Yeah, we had a fantastic time. I think if anything,
19:32
Speaker 1: it's kind of bought the four of us together a
19:35
Speaker 1: little bit more because we realized when we moved to
19:37
Speaker 1: this location the work wasn't the same money that we
19:41
Speaker 1: would have been getting if we were in a city,
19:43
Speaker 1: so there might be a little bit of sacrifices. So
19:45
Speaker 1: we almost work opposite shifts so that one of us
19:48
Speaker 1: is always home with the kids. So that was a
19:49
Speaker 1: sacrifice we did in move into this area. So yeah,
19:53
Speaker 1: the last like twenty twenty, we spent so much time together,
19:56
Speaker 1: lots of family cooking and adventures within our little small radius.
20:00
Speaker 1: So it's been quite good. And I think compared to
20:03
Speaker 1: a lot of others, we've got our health, we've got
20:06
Speaker 1: each other. We're kind of all right.
20:08
Speaker 2: I like that mentality. I think we all probably could
20:11
Speaker 2: be reminded of it. So that is a very gentle
20:14
Speaker 2: and lovely to reminder to hear.
20:16
Speaker 4: What would you say to other people?
20:19
Speaker 3: What would you say to other people who are thinking
20:21
Speaker 3: of doing the you know, the country change. Is it
20:24
Speaker 3: a fun thing to do? While the kids are young?
20:26
Speaker 3: Are you going to stay there forever? How to adapt
20:29
Speaker 3: to the money differences because obviously, like you said, the
20:32
Speaker 3: wages are less, but maybe the house prices are less
20:34
Speaker 3: than it might even out. So yeah, what kind of
20:35
Speaker 3: advice would you give to other people living in the
20:37
Speaker 3: city contemplating moving out there?
20:40
Speaker 1: I would say, probably don't move to our area because
20:43
Speaker 1: our house prices are currently sitting at the same as
20:45
Speaker 1: Melbourne prices.
20:47
Speaker 4: What's the point of this.
20:50
Speaker 1: Which is keeping a few low income families like us
20:53
Speaker 1: out of the market. Yeah, if they've got the option
20:56
Speaker 1: coming into the community, it's fantastic. So when we first
20:58
Speaker 1: moved here and a half years ago, I was walking
21:01
Speaker 1: with a double pran down the sidewalk and there was
21:04
Speaker 1: these two ladies standing in the rain and I was like,
21:06
Speaker 1: what are they doing now out in front of our
21:08
Speaker 1: house and they're like, Hi, are you Emma? I was
21:10
Speaker 1: like yes, and I was like, oh my goodness, the
21:11
Speaker 1: dog is barking or something's happened. Because we're in Melbourne
21:14
Speaker 1: and people only approached you if something was wrong, to.
21:16
Speaker 4: Complain about something.
21:17
Speaker 2: Yes, they need something from me.
21:20
Speaker 1: So ye standing in the rain and they were like
21:24
Speaker 1: they introduced themselves and then they were like, oh, welcome.
21:28
Speaker 1: We just wanted to give you like our local package
21:31
Speaker 1: and it had everything from vouchers to local restaurants, homemade
21:35
Speaker 1: jams and chutney's from a local store. It had all
21:38
Speaker 1: our CFA, information support networks, the local playgroup. There was
21:43
Speaker 1: a big bag of goodness. And I was like, oh,
21:46
Speaker 1: what is the space we moved there?
21:49
Speaker 2: Yeah, I moved recently, how rude, I know.
21:54
Speaker 1: So it was fantastic and indirectly they still pop past
21:58
Speaker 1: and say hi, and you know, they're watching the kid
22:00
Speaker 1: to grow over the last four years. So it's it's
22:02
Speaker 1: really really lovely this community. So I think if people
22:05
Speaker 1: were thinking about, I suppose relocating, it's probably dependent on
22:09
Speaker 1: what they want to do. So we've got really supportive
22:11
Speaker 1: networks within the community, not just the school community, but
22:16
Speaker 1: within our local community. You know, it's really good to
22:18
Speaker 1: go to local farmers' markets and know your local butcher.
22:21
Speaker 1: There's lots of positive I think with some of the negatives.
22:24
Speaker 1: You know, we don't always have some activities like our
22:28
Speaker 1: son wanted to learn fencing and I was like, that's
22:31
Speaker 1: not really an option here were Yeah, so pretty much
22:38
Speaker 1: you know, with smaller schools and things like that. It's
22:41
Speaker 1: their learning. It's pretty much one to one, which is
22:45
Speaker 1: a lot different compared to when we were in high
22:47
Speaker 1: school and there was you know, seven hundred people there.
22:50
Speaker 1: But yeah, lots of positive and I think sometimes there
22:52
Speaker 1: are negatives, just depending on how you adapt. Like if
22:55
Speaker 1: you quite used to pop into the supermarket at two
22:57
Speaker 1: o'clock in the morning, that doesn't exist here.
23:00
Speaker 2: Yeah, that's not an option.
23:01
Speaker 3: So I live in a really small town and my
23:04
Speaker 3: partner came up for a weekend bridge and it was
23:07
Speaker 3: eight o'clock on a Friday night, and she said, do
23:09
Speaker 3: you think any of the food places are still open?
23:12
Speaker 4: With in the city. I reckon, we're half a chance
23:14
Speaker 4: bridge to get some food.
23:15
Speaker 2: Yeah maybe, poor sweet country girl.
23:18
Speaker 4: Yeah.
23:19
Speaker 3: Hey, thank you so much for sharing his story and
23:21
Speaker 3: let us and letting us purve and pry on your
23:23
Speaker 3: financial details. It's been interesting and as we said before,
23:27
Speaker 3: very impressive to hear about how the family's all getting
23:30
Speaker 3: into it and not letting you know, what could be
23:32
Speaker 3: a good excuse to not invest or to let things slip,
23:35
Speaker 3: but it actually seems like you're coming out in a
23:37
Speaker 3: real positive space. So well done and thanks again for sharing.
23:40
Speaker 2: Yeah, thank you so very much. Just before we head off,
23:44
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23:47
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23:55
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23:58
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25:01
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