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MONEY DIARIES: Loss, Lingering Grief & Legacy · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerney 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.
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Speaker 2: Generation coming through.
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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
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Speaker 1: the storytelling of you to make a difference for today
0:31
Speaker 1: and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
0:34
Speaker 3: She's on the Money, She's on the Money.
0:57
Speaker 2: Hello, and welcome to She's on the Mune, the podcast
1:00
Speaker 2: for millennials who want financial freedom. Welcome back to another
1:04
Speaker 2: one of our money diaries, where I get the absolute
1:07
Speaker 2: pleasure of sitting down with one of my friends from
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Speaker 2: the community and talking all about their money story. Before
1:13
Speaker 2: I read out the letter I got this week, I
1:15
Speaker 2: just wanted to give you guys a little bit of
1:17
Speaker 2: a content warning. We are discussing inheritance today, which can
1:20
Speaker 2: be a little bit of a tricky topic for some.
1:23
Speaker 4: This is a.
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Speaker 2: Beautiful money diary talking about a positive experience with inheritance
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Speaker 2: and how the money has been used to help them thrive.
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Speaker 2: But if it's not a conversation for you today or
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Speaker 2: for you at this point in time, we have so
1:36
Speaker 2: many other episodes you could dive right into now. So
1:38
Speaker 2: thanks for coming and we will see you next time.
1:40
Speaker 2: For those of you sticking around, here is the letter
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Speaker 2: I got Hi Victoria. Earlier this year, I lost my
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Speaker 2: nana and my mum within a couple of months of
1:49
Speaker 2: each other. Since then, I've come into some money. I
1:52
Speaker 2: managed to purchase an apartment to live in. Since the
1:55
Speaker 2: passing of my mum, I've had to restructure a lot
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Speaker 2: of my life, my future, and my finances. In a heartbeat,
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Speaker 2: I would trade my apartment and the money I received
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Speaker 2: to have my mum back. And I think grief and
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Speaker 2: money is a discussion not often had money. Diarist. I
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Speaker 2: could not agree with you more. Kick you while you're
2:13
Speaker 2: down your mum and your nana like so close together,
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Speaker 2: Like I'm sorry, that's actually quite rude, isn't it.
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Speaker 4: Yeah, but you know life and the opposite of life
2:23
Speaker 4: happens to all of us.
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Speaker 2: Yeah, yeah, exactly, But that's just bullshit, Like you don't
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Speaker 2: deserve to lose one, let alone both at once. Anyway,
2:31
Speaker 2: that's really really awful. I'm so sorry for your loss,
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Speaker 2: But I think talking about it is also something that,
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Speaker 2: as you said in your letter, I think grief and
2:41
Speaker 2: money is not a discussion often had. But also just
2:45
Speaker 2: like the burden of all of that, it's not just oh,
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Speaker 2: you lost your mum and your nana, it's also like
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Speaker 2: the admin, the life admin, everything that is then put
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Speaker 2: on your shoulders. Can you tell me a little bit
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Speaker 2: about that before we get into I guess how more
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Speaker 2: structured questions.
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Speaker 4: Yeah, yeah, of course I thought I would write in
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Speaker 4: after I noticed a couple of the episodes, you know,
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Speaker 4: you were talking about inheritances, and obviously you have a
3:09
Speaker 4: lot of experience with this and you're very familiar, you know,
3:12
Speaker 4: with walking people through it. And we're already emotional about
3:17
Speaker 4: money and finances, and then you know, you add grief
3:20
Speaker 4: on top of it and it becomes, you know, significantly
3:25
Speaker 4: more complex. It's everything tied into it all. So for me,
3:31
Speaker 4: you know, I think we've spoken about this. I just
3:33
Speaker 4: wanted to honor my mum and my nana. I am,
3:36
Speaker 4: in some regards very lucky. I know, that sounds weird
3:40
Speaker 4: to be starting off this conversation with that. Essentially, obviously,
3:46
Speaker 4: my dad was the inheritor of everything because it was
3:49
Speaker 4: his mother and his wife, so it all kind of
3:53
Speaker 4: came to him, and he wanted to help my sister
3:56
Speaker 4: and I out, and he gave us access to a
3:59
Speaker 4: portion of money earlier, knowing that I wanted to buy
4:02
Speaker 4: a house, you know, my sister and her partner as well,
4:06
Speaker 4: and things like that. So I don't know, it's like
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Speaker 4: a whole thing, like you're grieving somebody who you love
4:11
Speaker 4: so dearly. My mum was only fifty eight years so
4:14
Speaker 4: really young. It was quite starting in the end, and
4:17
Speaker 4: you're going through all of this and then you have
4:19
Speaker 4: to go through a crap down a paperwork.
4:22
Speaker 2: And make shitty decisions about death that no one wants
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Speaker 2: to have to make.
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Speaker 4: Yeah, something that like I didn't even realize about until
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Speaker 4: obviously these last few months, my dad had to go
4:33
Speaker 4: in and file a tax return on behalf of my mother. Yeah,
4:36
Speaker 4: you do, right, Like, and you don't even think about
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Speaker 4: those things.
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Speaker 2: Just the shit things that you have to do, Like
4:42
Speaker 2: it's it's tremendous, Like there's not one good thing about.
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Speaker 4: That yeah, exactly, even things I like. Obviously, because you know,
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Speaker 4: I'm a direct descendant of my mom, I could ask
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Speaker 4: for a portion of that inheritance. But I've got a
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Speaker 4: really good relationship with my dad and wanted him, you know,
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Speaker 4: to have the money to make his own decisions with that. Yes,
5:02
Speaker 4: of course. But I was going in whilst grieving and
5:05
Speaker 4: signing documents saying, you know, I don't know the exact
5:09
Speaker 4: amount of my mom's superannuation account, but I'm signing all
5:13
Speaker 4: of this over to my dad, and I'm fully cognizant
5:15
Speaker 4: of that, and I'm happy to do it. And I
5:17
Speaker 4: was just thinking to myself, my goodness, I'm lucky. I
5:20
Speaker 4: am so lucky that I have such a good relationship
5:23
Speaker 4: with my dad, with my sister, and that I'm also
5:27
Speaker 4: financially informed and I know the kind of decisions that
5:30
Speaker 4: I'm making. And there are some people out there, you know,
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Speaker 4: we were having discussions prior to my mum getting put
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Speaker 4: into palliative care. A nurse comes and meets with you
5:40
Speaker 4: and they go through like a list of questions and
5:43
Speaker 4: they ask you things like do you own this house?
5:46
Speaker 4: Are you on any form of support or financial assistance?
5:49
Speaker 4: Are you working, are you able to take leave? And
5:53
Speaker 4: there are some people who will be answering you know,
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Speaker 4: I rent, No, I don't own this house. Yes, I
6:00
Speaker 4: am on support. No, I do not work currently, and
6:03
Speaker 4: you know all of these things. And again I was
6:05
Speaker 4: just thinking, my goodness, I am lucky to be able
6:09
Speaker 4: to mostly focus on my grief and not deal with
6:12
Speaker 4: all of these other things as well. So yeah, wow,
6:15
Speaker 4: it was a very eye opening experience.
6:18
Speaker 2: So your mum was sick and then she passed away
6:22
Speaker 2: at fifty eight years young. Tell me a little bit more.
6:25
Speaker 2: I guess about the estate planning process for that? Did
6:28
Speaker 2: she have a will in place? Had she discussed these
6:31
Speaker 2: things with you? I know some families do Some families
6:34
Speaker 2: completely like bury their heads in the sand and don't
6:36
Speaker 2: want to have conversations about that because obviously it's overwhelming, Like,
6:40
Speaker 2: it's not very sexy, it's not nice conversation to be having,
6:43
Speaker 2: especially when you want to be I guess, savoring every
6:45
Speaker 2: moment that you can get together.
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Speaker 4: What was that like? So luckily my parents had had
6:52
Speaker 4: a lot of these conversations when everybody was well, which
6:55
Speaker 4: you know is so important, right to have these conversations
6:59
Speaker 4: before the concept of death has even entered into your life,
7:03
Speaker 4: so I knew that there was a will already. And look,
7:06
Speaker 4: my parents have been together since they were nineteen years old.
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Speaker 2: Oh so cute.
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Speaker 4: Yeah, yep, they were set up by my mom's brother.
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Speaker 2: No, they were that's so wholesome.
7:21
Speaker 4: Very wholesome. So they were together for a very very
7:24
Speaker 4: long time, over half of their lives. So they split
7:28
Speaker 4: everything like everything was shited. The only thing separate was
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Speaker 4: my mum's superannuation account and some shares in terms of
7:35
Speaker 4: the actual estate itself. That was quite straightforward because you know,
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Speaker 4: there was no hidden secret relationships or secret children.
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Speaker 2: Oh thank god. Like honestly, as a financial advisor, I
7:46
Speaker 2: have seen it all. I have seen the secret children
7:49
Speaker 2: come out of the woodwork. I have seen this secret
7:52
Speaker 2: partner that lives in a different state and they thought
7:54
Speaker 2: that their husband actually was traveling back and forth for work,
7:57
Speaker 2: but they weren't. They were maintaining two different lives of
8:00
Speaker 2: my ex clients. If you're listening to this right now
8:02
Speaker 2: and you want to share that story publicly, you just
8:04
Speaker 2: slide straight into my DMS and I'll get you on
8:05
Speaker 2: the show.
8:08
Speaker 4: Just let us know I will be listening to that episode.
8:11
Speaker 2: Yeah, I'm not right, like I need all the juicy details,
8:13
Speaker 2: but I'm obviously not going to share it without their permission.
8:15
Speaker 2: But it's interesting how messy it can get. And I'm
8:18
Speaker 2: very very grateful that you didn't have that experience.
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Speaker 4: No, I've been raised by two incredibly pragmatic people, and
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Speaker 4: they always had their house in order and were step
8:30
Speaker 4: free at this point.
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Speaker 2: Oh, very nice, get it mom and dad by fifty eight.
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Speaker 4: Yeah, so very together. Yeah, really planned it, and yeah,
8:40
Speaker 4: they always lived within their means. So again, like this
8:43
Speaker 4: is a very good kind of like financial situation to
8:46
Speaker 4: be in for them. So obviously in terms of like
8:49
Speaker 4: the finances in the estate, that was just a matter
8:52
Speaker 4: of paperwork. But the other side of it is acknowledging
8:56
Speaker 4: and knowing day you are passing away, Yeah, and that
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Speaker 4: you loved when he's passing away. So when somebody is
9:02
Speaker 4: sick for a while, coming to that realization can really hurt.
9:06
Speaker 4: And there are some things that you have to do
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Speaker 4: sort of in those final moments, like putting in insurance
9:12
Speaker 4: claims and saying that you have a terminal illness. And
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Speaker 4: that is the bit that I think my mum struggled
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Speaker 4: with the most because it's admitting defeat. And that was
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Speaker 4: probably the hardest part in terms of your initial question
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Speaker 4: of the estate planning. There was a rush to get
9:32
Speaker 4: all of this paperwork through.
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Speaker 2: Yeah, all of your doug's in a row.
9:35
Speaker 4: Yeah, because we had so much hope and we were
9:41
Speaker 4: so just focused on like, it's okay, we can do
9:45
Speaker 4: this and it'll be fine, and then very quickly it wasn't.
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Speaker 4: And so yeah, getting all of that was tricky in
9:54
Speaker 4: the end, But the rest of it, Yeah, I'm very
9:56
Speaker 4: grateful to have been raised by two parents who had
9:59
Speaker 4: their heads screwed on.
10:00
Speaker 2: Yeah, I can tell. But also I can just tell
10:03
Speaker 2: that they were just like wholesome human beings. Oh your
10:06
Speaker 2: mum sounds like a legend, But talk to me. I
10:10
Speaker 2: guess a bit more about this admitting defeat vibe, because
10:14
Speaker 2: that's really shitty. I have had to work with clients
10:17
Speaker 2: who are dying and we have had to go through
10:19
Speaker 2: those things, and a lot of the time I'm like, look,
10:22
Speaker 2: we have to go through this. Obviously, this is what
10:24
Speaker 2: medicine says. But wouldn't it be cool if I could
10:27
Speaker 2: call them and say, ha ha, let's withdraw that. We
10:29
Speaker 2: don't need it.
10:30
Speaker 4: Anymore.
10:31
Speaker 2: How did you have those conversations with your mum? Obviously
10:34
Speaker 2: admitting defeat at the end. It's just really shitty, Like
10:36
Speaker 2: there's no other way to put it. Like, I don't
10:38
Speaker 2: want to romanticize it and be like, oh, some Mira
10:41
Speaker 2: cool could happen, because it doesn't help to do that.
10:44
Speaker 2: What would you say to somebody going through the same
10:47
Speaker 2: process that you have just been through to make it
10:49
Speaker 2: a little bit easier.
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Speaker 4: Well, the diagnosis was never curable, so we knew it
10:57
Speaker 4: was just a matter of trying to extend life as
11:01
Speaker 4: much as possible. So since that initial diagnosis, which was
11:06
Speaker 4: about two years prior, I'd made a point of always,
11:10
Speaker 4: you know, finishing every conversation with I love you, and
11:13
Speaker 4: I moved back home, you know, everything just became significantly
11:17
Speaker 4: more intentional. And I had those conversations with my mum
11:22
Speaker 4: when she was well and happy and feeling positive about
11:31
Speaker 4: you know how she has no regrets. To be able
11:34
Speaker 4: to have that conversation is amazing. So many people get
11:38
Speaker 4: a diagnosis of you know, this is it, and they
11:41
Speaker 4: have so many people that they need to call, people
11:43
Speaker 4: that they need to apologize to things that they worry about.
11:47
Speaker 4: Whereas that wasn't the case with my mum. She'd done
11:49
Speaker 4: everything right.
11:50
Speaker 2: Oh, Mom, of course she did.
11:53
Speaker 4: Yeah, she just knew that she could go in grace. However,
11:59
Speaker 4: because she was so well for the majority of their time,
12:02
Speaker 4: the end was very quick. Yeah, I suppose I want
12:05
Speaker 4: to say to people, movies do sensationalize a lot of
12:09
Speaker 4: this stuff, and so does literature and all of these things.
12:12
Speaker 4: And you know, those conversations, those final goodbyes, it's not
12:18
Speaker 4: always like that. Don't think that you're meant to, you know,
12:23
Speaker 4: have this big final moment with somebody, because somebody's final
12:27
Speaker 4: moment isn't the entirety of their life. You know, you've
12:32
Speaker 4: got too many good memories leading up to it. So yeah,
12:35
Speaker 4: I suppose that's what I would say about that.
12:37
Speaker 2: It's really sweet. I really like that. I think it's
12:39
Speaker 2: so important to share more conversation about this more regularly
12:42
Speaker 2: as well, because there is a very complicated relationship between
12:46
Speaker 2: grief and money. And one thing I do want to
12:48
Speaker 2: ask before we get back on track with money dies.
12:50
Speaker 2: I've got so many questions. I want to ask you.
12:53
Speaker 2: Something that I've always dealt with. I guess as an
12:55
Speaker 2: ex financial advisor, is guilt. So you know you've gone
12:59
Speaker 2: through this, I've done absolutely the best you can for
13:02
Speaker 2: your mum, right like end to end. You know she
13:05
Speaker 2: had a life well lived and that is so beautiful.
13:08
Speaker 2: But then the end comes, and it's usually not immediate.
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Speaker 2: It might be two or three months after the passing.
13:15
Speaker 2: You're finally making some big decisions around some inheritance, around
13:19
Speaker 2: some money, whether that is the thousand dollars that you've
13:21
Speaker 2: inherited a need to allocate, or it's a whole house,
13:24
Speaker 2: or it might be an entire investment portfolio that sets
13:27
Speaker 2: you up for the rest of your life. There seems
13:29
Speaker 2: to be a lot of guilt around I guess spending
13:33
Speaker 2: that money, and you said something earlier about honoring the money,
13:36
Speaker 2: and that's what I really you know, drive people towards
13:39
Speaker 2: I'm like, no, your mum can't be here. Like obviously,
13:42
Speaker 2: anyone who has gone through this can empathize and say,
13:45
Speaker 2: in a flash, I'll trade my apartment, I'll trade the
13:47
Speaker 2: money that I received. I want my mom back ten
13:50
Speaker 2: out of ten, even if it's for a day, like
13:52
Speaker 2: I would take that back in a heartbeat. However, have
13:56
Speaker 2: you dealt with the I guess guilt that comes with
14:00
Speaker 2: taking on such a large responsibility.
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Speaker 4: I don't know if I would frame.
14:04
Speaker 2: It as guilt good because it's not.
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Speaker 4: No. One of the biggest lessons that I've learned is
14:11
Speaker 4: life is significantly too short to be messing around with
14:15
Speaker 4: those kinds of feelings, right, And I suppose the other
14:19
Speaker 4: side of it, maybe I didn't so much to deal
14:21
Speaker 4: with guilt, but I did, for a period of time
14:25
Speaker 4: felt this almost like impending sense of you know, oh
14:31
Speaker 4: my goodness, I haven't done the things that I want
14:35
Speaker 4: to do just yet, and what if I don't have
14:37
Speaker 4: the time to do it. You know, my mom did
14:39
Speaker 4: the things that she wanted to do, and she made
14:41
Speaker 4: all of the right decisions, and then you end up
14:45
Speaker 4: putting that mirror on yourself. And so I think for me,
14:49
Speaker 4: it was we can get into it when you ask
14:52
Speaker 4: me some of the questions. But you'll find out this
14:54
Speaker 4: year I've made a lot of big decisions.
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Speaker 2: All right, Right, let's get into the questions.
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Speaker 4: Then I've done her eyes wide open.
15:02
Speaker 2: No, I love it.
15:03
Speaker 4: I love it.
15:04
Speaker 2: So back to the first question I usually ask people,
15:07
Speaker 2: but I wanted to talk about your mamma first.
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Speaker 4: Sorry, Yeah, I know she's worth it, she answers, then.
15:12
Speaker 2: Is worth it? Exactly? What grade would you give your
15:16
Speaker 2: money habits if I asked you to give yourself a
15:17
Speaker 2: grade from A three to F.
15:19
Speaker 4: I think I'm a solid A.
15:20
Speaker 2: You're a solid A. I love the conviction. Next question,
15:24
Speaker 2: I want to know, obviously a bit more about your
15:26
Speaker 2: money story. How did you grow up around money? What
15:28
Speaker 2: did that look like? You've dropped in conversation a little
15:31
Speaker 2: bit earlier that you were brought up by quote two
15:34
Speaker 2: people with their head screwed on.
15:35
Speaker 4: What was that like? Yeah, they were raised in very
15:43
Speaker 4: humble homes and not to the point of having food insecurity,
15:48
Speaker 4: but to the point of, you know, both leaving school
15:52
Speaker 4: at sixteen to get work and you know, moving out
15:56
Speaker 4: of home pretty quickly, to you know, be independent and
16:00
Speaker 4: to not you know, burden their family and things like that.
16:03
Speaker 4: My mum also lost her mother when she was quite
16:06
Speaker 4: young as well, so a bit of a legacy there.
16:10
Speaker 4: And then they met quite young and were very smart
16:14
Speaker 4: about things. So you know, if you look at their timeline,
16:18
Speaker 4: they waited a while, like you know, this was in
16:22
Speaker 4: the eighties, so a while for the time being, like
16:26
Speaker 4: six years before they even got married.
16:28
Speaker 2: Oh what yeah, that's a lot of time. Yeah, mom
16:32
Speaker 2: and dad were savvy.
16:34
Speaker 4: Exactly. They waited almost ten years being together before they
16:40
Speaker 4: even had kids.
16:41
Speaker 2: Oh I love this from them. Yeah they were planned
16:44
Speaker 2: and I was too. And it shocks me and like,
16:49
Speaker 2: who chose this?
16:52
Speaker 4: Really? Okay me? All right? Interesting that was a choice. Like,
16:56
Speaker 4: my mom has always been very financially informed, which was
17:01
Speaker 4: a great role model.
17:02
Speaker 2: She's a woman after my own heart. I already love her.
17:04
Speaker 4: I would go over and she'd be like, what superannuation
17:07
Speaker 4: account are you with?
17:09
Speaker 2: Yes, Mum, you're a queen.
17:12
Speaker 4: She'd be like, I don't think that they're as competitive
17:14
Speaker 4: as the other one. I think you should change this one.
17:16
Speaker 4: And then she'd like give me this spiel of why, and.
17:18
Speaker 2: I hope that's the mom. I am like you right,
17:21
Speaker 2: my kids, if it comes out and it's called superannuation,
17:25
Speaker 2: don't be surprised.
17:26
Speaker 4: One of my mum's friends got divorced quite later in life,
17:29
Speaker 4: and in that relationship she had no financial independence and
17:32
Speaker 4: obviously had to learn a lot in her sixties, and
17:36
Speaker 4: you know, my mom got some finance books and went
17:40
Speaker 4: over and you know, had some catchups with her and
17:42
Speaker 4: helped her get herself set up, and she's back in
17:45
Speaker 4: the workforce and all these kinds of things.
17:47
Speaker 2: So Mom sounds like she was a queen, yeah, exactly.
17:49
Speaker 4: And she learned about shares when she was working at
17:52
Speaker 4: a bank and she bought some and then they sold them,
17:56
Speaker 4: and they paid off the house, and then they renovated
18:00
Speaker 4: the house and then like re mortgage, and they were
18:04
Speaker 4: always doing what they could. And my sister and I
18:07
Speaker 4: both went to really good schools. We both got university educations,
18:11
Speaker 4: and it's always just sort of been, I think, for them.
18:14
Speaker 4: And what I've seen is independence, like a strong sense
18:18
Speaker 4: of independence and needing to stand on your own two
18:20
Speaker 4: feet and not burdening other people with your financial needs,
18:24
Speaker 4: you know, like not doing things that you can't afford,
18:27
Speaker 4: so you know, you live the life that you can.
18:30
Speaker 4: And then also just one foot in front of the other,
18:33
Speaker 4: like making sure that every decision that you make is
18:35
Speaker 4: putting yourself in a better position than you were the
18:37
Speaker 4: day before. I love it, And that might be small,
18:39
Speaker 4: but you'll find yourself like five years later and you'll
18:42
Speaker 4: look back and you'll go, my goodness, I never thought
18:45
Speaker 4: that i'd be here.
18:47
Speaker 2: No wonder your parents have a daughter that had such
18:51
Speaker 2: conviction that she was an a like, it's not surprising.
18:54
Speaker 2: I should have asked you the other one first and
18:55
Speaker 2: then been like, right, so you think you're in a
18:57
Speaker 2: financially because like I expect nothing less this point.
19:00
Speaker 4: All right?
19:00
Speaker 2: Tell me now, what do you do for work? How
19:02
Speaker 2: much money do you earn.
19:03
Speaker 4: A work in HR? Been doing that for about five
19:06
Speaker 4: years now and I'm on one hundred and eighteen thousand
19:09
Speaker 4: a year?
19:10
Speaker 2: Is that including or excluding Super?
19:12
Speaker 4: Excluding Super?
19:13
Speaker 2: Also you get super on top of that.
19:15
Speaker 4: I'm actually so proud of that. My first job out
19:18
Speaker 4: of UNI five years ago was like fifty k.
19:21
Speaker 2: Hold on, so in five years you've gone from fifty
19:24
Speaker 2: k to one hundred and eighteen plus Super. Yeah, sorry
19:27
Speaker 2: quick crash course, how do we do that too?
19:31
Speaker 4: Never leave a job unhappy. Always fix your situation first,
19:37
Speaker 4: and you talk about it a lot in your books
19:39
Speaker 4: and things like that. You push for those promotions, but
19:42
Speaker 4: you ask them, what do I need to do to
19:44
Speaker 4: get that pay rise? What do I need to do
19:45
Speaker 4: to get that promotion? Get your manager to spell it
19:47
Speaker 4: out for you, and then keep track of what you.
19:49
Speaker 2: Do, and then you can be on one hundred and
19:51
Speaker 2: eighteen plus Super All right, I'm just going to copy
19:52
Speaker 2: you that cut paste. Stunning. I love that advice. That's
19:56
Speaker 2: so inspiring. In five years, you've gone from fifty grand
19:59
Speaker 2: to work eighteen queen. I love it. That is very,
20:03
Speaker 2: very impressive. So tell me a bit more about your
20:06
Speaker 2: big money goals. What are you currently working towards.
20:09
Speaker 4: Well, I just achieved my big money goal. I settled
20:12
Speaker 4: on my apartment in September.
20:15
Speaker 2: Congratulations, Thank you. So exciting. Your mama would be so proud.
20:20
Speaker 2: She'd be like, get a little queen. That's exactly how
20:23
Speaker 2: I taught you.
20:24
Speaker 4: Exactly, and it's what she wanted, which is why you
20:26
Speaker 4: know you're asking me about how I spent the money
20:28
Speaker 4: and everything. It was all one hundred percent on putting
20:31
Speaker 4: a very generous deposit down on my apartment because in
20:35
Speaker 4: today's economy, I wanted to reduce the amount of money
20:38
Speaker 4: that I was borrowing from the bank as much as
20:40
Speaker 4: I could.
20:41
Speaker 2: Yeah, because it's crippling right now.
20:43
Speaker 4: Oh yeah, So I didn't want to invest in shares
20:47
Speaker 4: or anything like that. I was also made redundant earlier
20:52
Speaker 4: on in the Yeah, about like two months after my
20:57
Speaker 4: mom passed away.
20:57
Speaker 2: I'll kick you while you're down are you that should
21:01
Speaker 2: be illegal.
21:04
Speaker 4: I know, I got a three month payout from.
21:07
Speaker 2: That, Okay, not too bad.
21:09
Speaker 4: And I secured a job before my redundancy it had
21:11
Speaker 4: even been oh.
21:12
Speaker 2: Okay, so it all works out. But like in my head,
21:15
Speaker 2: that should still be illegal, Like that is not acceptable.
21:18
Speaker 2: How's your mental health now?
21:20
Speaker 4: Oh, we're good.
21:22
Speaker 2: But at the time, I am assuming that that wasn't
21:24
Speaker 2: the most comfortable of periods.
21:26
Speaker 4: I was just honestly thought, like, you know what, this
21:30
Speaker 4: isn't as bad as what I've dealt with already. This. Yeah,
21:32
Speaker 4: like I think when you lose somebody really close to you,
21:35
Speaker 4: you think that's a problem. This is not a problem.
21:38
Speaker 4: This is fixable. Yeah, okay, I can fix this. I
21:41
Speaker 4: can't fix somebody dying, but I can fix getting a
21:44
Speaker 4: new job.
21:45
Speaker 2: Yeah, okay. It makes these problems seem very small in comparison.
21:49
Speaker 4: It really does. I was like, oh, that's just work,
21:51
Speaker 4: Like we'll figure that out.
21:52
Speaker 2: Yeah, that's fine. Like, honestly, at this point, don't even
21:55
Speaker 2: need a job.
21:56
Speaker 4: Yep. So I also got like kind of that additional
21:59
Speaker 4: bonus money as well. Well. I want to say about
22:01
Speaker 4: twenty k yep.
22:02
Speaker 2: Maybe for those listening who might not understand a redundancy
22:06
Speaker 2: you are lucky. But also there's different tax rates applied
22:10
Speaker 2: to redundancy payouts. So obviously you'd be on a pretty
22:14
Speaker 2: good tax rate if you're on one hundred and eighteen
22:16
Speaker 2: plus super, but you often end up walking away with
22:20
Speaker 2: a bit more cash in the bank than you would
22:22
Speaker 2: have if that was treated as normal pay So twenty
22:25
Speaker 2: k is good. That would have been a nice little bonus,
22:28
Speaker 2: especially if you had sorted out another job. Did that
22:30
Speaker 2: just all go straight to your home deposit?
22:32
Speaker 4: Most of it? Yeah, and then part of it went
22:34
Speaker 4: to a holiday. So that is why I kind of
22:38
Speaker 4: also was very confident in spending the money that I
22:40
Speaker 4: got from Dad through MYNN or my mum, in just
22:45
Speaker 4: putting that straight onto the deposit, because I had a
22:47
Speaker 4: little bit like extra fun money come in at the
22:50
Speaker 4: time that I was able to spend on, you know,
22:53
Speaker 4: some stuff that you know, just for me. So I
22:56
Speaker 4: did that.
22:56
Speaker 2: You deserved that, thank you.
22:58
Speaker 4: So then I started a new job, and then I
23:00
Speaker 4: went overseas and my dad texted me while I was
23:04
Speaker 4: overseas being like, there's some money in your bank account.
23:08
Speaker 2: I was like, oh, chill, no worries, no problems at all.
23:12
Speaker 4: It sent me like one hundred and forty.
23:14
Speaker 2: K just a little bit of change. Dad, Oh my gosh,
23:19
Speaker 2: but that's life changing.
23:21
Speaker 4: It was like at a restaurant and I was like, okay,
23:23
Speaker 4: all right, we're just gonna not react.
23:27
Speaker 2: Yeah, no, no, no, we don't want to react. But also
23:29
Speaker 2: like it's a life changing amount of money, right, Like
23:33
Speaker 2: it puts you in such a different situation, and it's
23:37
Speaker 2: a lot all right, I have a lot of questions.
23:38
Speaker 2: Let's go to a really quick break on the flip side.
23:40
Speaker 2: I want to talk about your property journey. I want
23:42
Speaker 2: to talk about investments, and I want to talk about
23:44
Speaker 2: I guess how you've structured this home loan because you
23:47
Speaker 2: said before obviously I wanted a bit more of a
23:49
Speaker 2: chunky deposit because interest rates are so high. So I've
23:52
Speaker 2: just got so many questions. Guys, don't go anywhere, all right,
23:59
Speaker 2: money dis are back, and I want to know first,
24:02
Speaker 2: cab off the rank. Do you have any investments? If so,
24:04
Speaker 2: what are they?
24:06
Speaker 4: Yes, so I have my house which I live in.
24:10
Speaker 4: We cannot classify that as an investment.
24:12
Speaker 2: Or you've been listening to the podcast, I see.
24:14
Speaker 4: You depending on your perspective whether you like to think
24:19
Speaker 4: of it as an investment or not.
24:20
Speaker 2: Well, obviously talk to me about the house. If you
24:22
Speaker 2: see it as an investment, why do you see it
24:24
Speaker 2: an investment? How does that work and what does that
24:26
Speaker 2: look like?
24:27
Speaker 4: Yeah, so, first of all, I adore it and I'm
24:30
Speaker 4: super happy living in it. It's an apartment. I could
24:34
Speaker 4: have gone further out and bought myself a house, but
24:38
Speaker 4: I like living close to the city, and I thought,
24:41
Speaker 4: I'm not going to buy something for a future that
24:43
Speaker 4: I don't even know is going to happen. I'm single.
24:45
Speaker 2: Like, so you're a catch as well. Look at this.
24:48
Speaker 2: She works in HR she owns one hundred and eighteen K.
24:51
Speaker 4: We'll take refer off.
24:53
Speaker 2: Yeah, I'm working on it. You own your own house, Like,
24:56
Speaker 2: you're a catch ten out of ten. If you popped
24:58
Speaker 2: up on bumble for me, I'd be like, yep, ten.
25:00
Speaker 4: I'll never forget. My dad once said to music, when
25:02
Speaker 4: you buy a house, you're going to be so much
25:04
Speaker 4: more attractive because men will be attracted to your assets.
25:07
Speaker 2: Getting the bin, Dad, I'm not going to tell the
25:10
Speaker 2: men that that's a secret. I'll pop out on our
25:13
Speaker 2: wedding day and let them know. Oh, by the way,
25:14
Speaker 2: did you also know that I'm very financially.
25:16
Speaker 4: Secure, pragmatic Dad advice you know what.
25:19
Speaker 2: I like that he's interested.
25:21
Speaker 4: So I got the apartment six' eighty for it, and
25:26
Speaker 4: I put down just over one hundred and eighty on it.
25:29
Speaker 4: So I got my very nice loan under five hundred.
25:34
Speaker 4: And then on top of that, obviously you know stamp
25:37
Speaker 4: and legal fees and yeah, all of that kind of stuff.
25:41
Speaker 4: So I basically cleared my savings out because I saved.
25:45
Speaker 2: Up seventy k oh, that's so good.
25:49
Speaker 4: Yeah, plus Dad's money, and so then that kind of yeah,
25:53
Speaker 4: dropped my overall loaning amount down quite significantly. And then
25:59
Speaker 4: I signed up for a principle and interest loan. Yeah.
26:03
Speaker 4: So the way you're asking me about how I see
26:05
Speaker 4: this as an investment, the way I see it is
26:06
Speaker 4: that I'm building equity. Yeah, I'm in a very resellable suburb.
26:11
Speaker 4: It's not going to go up massively like houses do,
26:13
Speaker 4: but it will go up maybe a little bit. But
26:17
Speaker 4: at the meantime, I'm putting money away essentially so that
26:21
Speaker 4: if my life does change, then I'm setting myself up
26:25
Speaker 4: to make my purchase in the future more accessible. For myself.
26:30
Speaker 4: I'm in the market. Essentially.
26:31
Speaker 2: I love this. Do you think that your mindset around
26:34
Speaker 2: purchasing was a little bit more stable because you actually
26:38
Speaker 2: had saved such a significant amount of money on your own, So,
26:41
Speaker 2: like you obviously said, I actually saved seventy grand of
26:44
Speaker 2: this on my own, and then obviously one pint forty
26:46
Speaker 2: turbocharges it. That's very sexy. We love that. But I
26:49
Speaker 2: feel like sometimes if you only are working with inheritance,
26:53
Speaker 2: there's a lot more apprehension.
26:55
Speaker 4: How did you feel, Yeah, like part of it was, yeah,
26:57
Speaker 4: this is my money, because not all of it was
27:00
Speaker 4: the money from my parents. That I had saved a
27:02
Speaker 4: significant amount of money, and I wouldn't say that seventy
27:04
Speaker 4: k is insignificant at all.
27:06
Speaker 2: Nobody would and if they do, they're not in our community,
27:09
Speaker 2: like they're not our people, my friend.
27:11
Speaker 4: But having said that, I was very quick at making
27:13
Speaker 4: my decisions because I just came and saw this place
27:16
Speaker 4: and I was like, it's perfect the real estate age.
27:18
Speaker 4: I was like, this will buy it today, And I
27:20
Speaker 4: went home and I did the math and everything. I
27:22
Speaker 4: made an offer and within four hours the yea and
27:26
Speaker 4: I was lying in bed. It was like nine o'clock
27:29
Speaker 4: at night and I was like, oh my god, I've
27:30
Speaker 4: own an apartment. What just happened.
27:33
Speaker 2: I love that so much because so many times people
27:37
Speaker 2: have like painful money journeys when it comes to property.
27:41
Speaker 2: They're like, oh, I've put on offers on fifty properties
27:43
Speaker 2: that I haven't got them. And then you know when
27:45
Speaker 2: one hundred k over at auction, et cetera, et cetera,
27:47
Speaker 2: you just walked in made an offer. Four hours later
27:50
Speaker 2: it was all yours. Do you think your mom had
27:52
Speaker 2: anything to do with that? Because I think she did.
27:54
Speaker 4: When I was moving, I was living at home and
27:58
Speaker 4: I'm going through the garage and everything, and I'm finding
28:00
Speaker 4: full sets of cutlery that my mum had put aside.
28:03
Speaker 4: I'm finding a whole bunch of like shop cooking and
28:07
Speaker 4: finding like beaters and all these extra you know, bits
28:11
Speaker 4: of things to have in the house. And I'm like, oh, man,
28:13
Speaker 4: she had plans. I love her.
28:15
Speaker 2: She knew what she was doing. She was involved. Yeah,
28:19
Speaker 2: she's the mum that had the money magazine and was
28:21
Speaker 2: like meddling in your super and was like they're not
28:24
Speaker 2: committed eve enough, Like you best believe that wasn't going
28:26
Speaker 2: to stop so at the moment, let's talk about the
28:30
Speaker 2: debt that you have. You said you took out a
28:33
Speaker 2: five hundred thousand dollars loane. What's currently owing on that?
28:37
Speaker 2: And do you have any other debts?
28:39
Speaker 4: So HEX is sitting at about thirty five, OK. I
28:44
Speaker 4: want to say, I'm just ignoring that. It comes out
28:48
Speaker 4: pretax and.
28:50
Speaker 2: You'll knock it over, my friend. I don't think on
28:52
Speaker 2: one hundred and eighteen grand you need to worry too
28:54
Speaker 2: much about your HEX. It'll slowly tick away and you'll
28:57
Speaker 2: be just fine.
28:58
Speaker 4: Yeah, it's going down. It's started at forty five. You know,
29:01
Speaker 4: we're ten k off already. Happy days.
29:04
Speaker 2: Oh money went and I've only.
29:07
Speaker 4: Just gotten the loan, so I haven't worked too much
29:10
Speaker 4: off of it. But we're down I think to like
29:12
Speaker 4: four hundred and ninety seven ninety eight yep. So just
29:17
Speaker 4: chipping away it that slowly and that's it for debts.
29:21
Speaker 4: I don't have anything else. Never took out a loan
29:23
Speaker 4: in my life.
29:24
Speaker 2: That's very sexy. And to be honest with parents like yours,
29:27
Speaker 2: I'm not surprised that that's what you would say. Tell
29:31
Speaker 2: me a bit about what you think your best money
29:33
Speaker 2: habit is.
29:35
Speaker 4: Best money habit. I'm organized like I treat it like
29:40
Speaker 4: my life. I schedule in my payments, I know exactly
29:43
Speaker 4: what's in my bank account. I can really research when
29:47
Speaker 4: I need to. I've got my house in order. I
29:50
Speaker 4: don't have any skeletons in the closet. That's just going
29:53
Speaker 4: to say quickly. We mentioned investments, do have super and
29:57
Speaker 4: I also do have some shares as well.
29:59
Speaker 2: Oh, tell me about the those shares. How did you
30:00
Speaker 2: forget those? You should know me well enough by now,
30:03
Speaker 2: my friends.
30:04
Speaker 4: I'm distracted by the house chat.
30:06
Speaker 2: Yeah, okay, that's so fair. Tell me about your shares.
30:09
Speaker 4: I inherited some from my work. Part of my package
30:13
Speaker 4: was to be given shares, so I kick started off
30:16
Speaker 4: with that, and then I invest. Prior to owning the house,
30:21
Speaker 4: I was putting away fifty bucks a week into an
30:25
Speaker 4: ETF and then now it's down to twenty a week.
30:28
Speaker 2: Yeah, because you have a mortgage and life is expensive.
30:30
Speaker 4: Yep. So that's just kind of sitting there. It's about
30:34
Speaker 4: six and a half thousand dollars, So we'll just let
30:38
Speaker 4: that slowly build over time. I don't know the share market.
30:41
Speaker 4: I think I'm just happy to be slow about it
30:44
Speaker 4: and just I'll get it to probably maybe about fifteen K,
30:48
Speaker 4: and then I'll look at investing in the blue chips. No,
30:50
Speaker 4: I love, and in the meantime, I'll just let that
30:53
Speaker 4: slowly build and then my supers at about forty.
30:56
Speaker 2: Hey, that's very sexy for your age dollars. No forty
31:01
Speaker 2: dollars or forty thousand dollars. I was about to be like, sorry,
31:06
Speaker 2: I think you're lying.
31:10
Speaker 4: I just realized I said like forty and didn't clarify
31:12
Speaker 4: how much of forty it was.
31:14
Speaker 2: I've read you like a very open book. It is okay,
31:17
Speaker 2: But what I want to know you mentioned before that
31:19
Speaker 2: you're putting fifty bucks now twenty dollars a week into
31:22
Speaker 2: an ETF. It's a really beautiful way of investing. You said, Look,
31:26
Speaker 2: I'm just going to let that cheap away, Like you know,
31:28
Speaker 2: I've got my priorities in other areas, but at least
31:30
Speaker 2: I'm investing. How did you pick that ETF and what
31:34
Speaker 2: platform did you go with?
31:35
Speaker 4: I bought investing Machines on the Money.
31:38
Speaker 2: Oh, that's a great book. I heard great things about
31:40
Speaker 2: that book.
31:42
Speaker 4: I injured my back and my brother in law sat
31:46
Speaker 4: next to me and read it to me while I
31:49
Speaker 4: tried not to cry about my saw back because he's
31:52
Speaker 4: a gem.
31:52
Speaker 2: Oh my gosh, what a legend. Also, you could have
31:56
Speaker 2: picked a better book, like if I'm sad out of
32:00
Speaker 2: my back, I don't want to hear investing with She's
32:04
Speaker 2: on the money like read me some I don't know,
32:07
Speaker 2: fifty shades of great probably inappropriate for that dynamic that you.
32:10
Speaker 4: Had, not for the brother in law.
32:12
Speaker 2: I'm from Tasmania, so maybe that's okay. I don't know.
32:17
Speaker 2: But at the end of the day, like I would
32:19
Speaker 2: have picked something a little bit more engaging that maybe
32:21
Speaker 2: would have felt less painful.
32:23
Speaker 4: But you do, you booth, Well, we learned things and
32:25
Speaker 4: that was fun. Bick.
32:28
Speaker 2: I couldn't agree more. But obviously the book isn't going
32:31
Speaker 2: to give you exactly what ETF to invest in, but
32:34
Speaker 2: more like a process of elimination and how to pick one.
32:37
Speaker 2: But what did you come up with? What did you say?
32:39
Speaker 2: All right, well, now I've done my research, this is
32:41
Speaker 2: the ETF for me, and this is how I'm going
32:43
Speaker 2: to do it.
32:44
Speaker 4: So for me, it was about choosing socially responsible ETFs
32:48
Speaker 4: because that's something that I'm quite passionate about. So I
32:51
Speaker 4: didn't want to be accidentally investing in my money that
32:53
Speaker 4: would go against sort of my own values. So I
32:56
Speaker 4: broke it down based on my values. I then looked
32:59
Speaker 4: at what opacity I had to contribute. I get paid weekly,
33:02
Speaker 4: so it's easy for me to manage my contributions weekly.
33:05
Speaker 4: I can't like put money away, No, it's there to
33:08
Speaker 4: like build up to then invest in one big bolt go,
33:10
Speaker 4: So I have to do it, you know, in incremental amounts.
33:14
Speaker 4: So then that kind of led to me making a
33:16
Speaker 4: decision on what the fees would be in terms of
33:20
Speaker 4: like my purchases and what would hurt me less. So
33:24
Speaker 4: I suppose there was both that kind of like financial
33:27
Speaker 4: decision along with also the moral and you know, kind
33:31
Speaker 4: of personal values decision, and that's sort of how I
33:35
Speaker 4: got there in the end.
33:36
Speaker 2: Yeah, gorgeous. Can I ask what platform you picked to
33:39
Speaker 2: invest on?
33:41
Speaker 4: Cheers eas? Oh?
33:42
Speaker 2: Why am I not surprised? So little ches on the
33:44
Speaker 2: money stand? And then what ETF did you pick? Just
33:47
Speaker 2: out of interest not advice? Obviously we're just being pervy.
33:50
Speaker 4: I need to know the socially responsible option that they
33:53
Speaker 4: have on their platform.
33:54
Speaker 2: Very sexy. I like this.
33:56
Speaker 4: Yeah, so it's a combination of a few things. Yeah,
33:58
Speaker 4: I'm just using it as an opportun unity. It's not
34:00
Speaker 4: doing super well at the moment.
34:02
Speaker 2: No, the market isn't, so that makes sense.
34:04
Speaker 4: So I'm just letting it chip away and then I'll
34:08
Speaker 4: check it in like ten years.
34:10
Speaker 2: That is a very good way to approach investing. I
34:13
Speaker 2: don't hate that at all. All right, let's flip the narrative.
34:17
Speaker 2: You are an a money person I would assume also
34:20
Speaker 2: an A personality type because you and I are very similar.
34:24
Speaker 2: So tell me now, which is probably going to be
34:27
Speaker 2: hard for an A personality type. What's your worst money habit.
34:30
Speaker 4: I don't know if you would be surprised by this,
34:33
Speaker 4: but I think there's definitely a thread of people pleasing
34:35
Speaker 4: that comes from an A personality type. Yep. And I
34:40
Speaker 4: would say probably setting boundaries, which I'm working on. We're
34:44
Speaker 4: getting there. I get excited about things that my friends
34:47
Speaker 4: want to do, and sometimes I don't always have the
34:50
Speaker 4: capacity to afford it. Yeah, that's fair. I don't have
34:54
Speaker 4: a credit card, so I've never liked borrowing to do things.
34:56
Speaker 4: It just means that maybe I'm eating too minute norse
35:00
Speaker 4: week to do things, and that's okay. Or not. But
35:04
Speaker 4: I've implemented a buffer fund just stop dipping into my savings,
35:08
Speaker 4: and that's actually worked really well. And then I think
35:12
Speaker 4: it just comes with time and maturity in terms of
35:15
Speaker 4: the kind of friends that you have around you, people
35:18
Speaker 4: that you trust, and how you communicate just boundaries in
35:22
Speaker 4: general with people. And I think it's just I'm slowly
35:25
Speaker 4: getting there.
35:26
Speaker 2: Yeah, I love that, and I like the I guess
35:28
Speaker 2: ability to self reflect on that saying, oh, I'm a
35:31
Speaker 2: bit of a people pleaser, needs to be better at
35:34
Speaker 2: setting boundaries is something that I need to do too.
35:37
Speaker 2: But then also when I look at my money story
35:40
Speaker 2: and I look at my values, I kind of like
35:43
Speaker 2: being a people pleaser. At the same time, I think
35:45
Speaker 2: there's this very negative connotation when you say, oh, there's
35:48
Speaker 2: a people pleaser like that, it's a negative thing.
35:52
Speaker 4: I want to make people happy.
35:53
Speaker 2: Yeah, And do you know what, if I've got the
35:55
Speaker 2: funds and I know that this thing that I could
35:57
Speaker 2: purchase is going to make your day even better, I'm
36:00
Speaker 2: going to do it anyway. And I don't think that
36:02
Speaker 2: that is a negative thing. I think we just need
36:05
Speaker 2: to be really aware of those things so that they
36:07
Speaker 2: don't end up negatively impacting our bigger goals. Because if
36:11
Speaker 2: making those decisions is what's getting in the way of
36:14
Speaker 2: purchasing your first home, if that's your biggest goal, or
36:16
Speaker 2: investing or getting out of personal debt, then we really
36:19
Speaker 2: need to like reflect a bit more. However, Like, I
36:22
Speaker 2: think you would be on the same page as me, Like,
36:24
Speaker 2: I kind of like being a little bit of a
36:26
Speaker 2: people pleaser at the same time. Yeah, I need to
36:28
Speaker 2: be maybe a little bit better at boundaries and not
36:30
Speaker 2: agree to so much. However, I really like that one
36:34
Speaker 2: of my personality traits is, you know, being generous and
36:37
Speaker 2: being kind and you know, wanting the best for other people.
36:41
Speaker 2: And I don't think that's ever negative. And I think
36:43
Speaker 2: that we need to change that narrative around, like, oh,
36:45
Speaker 2: she's such a people pleaser to like, oh, she's a
36:48
Speaker 2: really kind and generous human being exactly.
36:50
Speaker 4: And if I'm the friend that people think will say
36:53
Speaker 4: yes to the wine tour, then I'm not mad about
36:56
Speaker 4: that perception at all.
36:58
Speaker 2: Yeah, I'm pregnant, but I'm still there. I will be
37:00
Speaker 2: there with bells on. You're like, I'll drive, yeah, exactly.
37:03
Speaker 2: Look how much value I'm bringing as a friend already. Oh,
37:07
Speaker 2: my gosh, I love this. I love our conversation. Unfortunately
37:10
Speaker 2: we are almost out of time. However, at the start
37:13
Speaker 2: of this episode, you said I'm an A I'm not
37:16
Speaker 2: going to argue with you. I don't think anyone listening
37:18
Speaker 2: to this episode is going to argue with you. But
37:20
Speaker 2: you didn't say A plus. What would it take to
37:23
Speaker 2: get you to an A plus?
37:25
Speaker 4: I think I could be a bit more strategic about
37:30
Speaker 4: things sometimes, like you know, researching the actual shares an
37:36
Speaker 4: investment economy and things instead of choosing a low effort option.
37:42
Speaker 2: That's not a bad option though. That was a smart
37:44
Speaker 2: decision from you for a very passive investment portfolio, so
37:49
Speaker 2: can't say you're wrong there.
37:52
Speaker 4: Yeah, so I think they make the right decisions, but
37:55
Speaker 4: I do sometimes choose the easier ones just to stay
37:58
Speaker 4: in my comfort zone. So I think I could push
38:00
Speaker 4: myself a little bit out of my comfort zone. That
38:02
Speaker 4: might boster me up to an A plus. But I
38:04
Speaker 4: know everybody talks about the side hustles, but I'm really
38:07
Speaker 4: not going to do that because I'm like, working is enough.
38:10
Speaker 2: That's so valid. Like I obviously love a side hustle, right,
38:14
Speaker 2: Like get it, Queens.
38:15
Speaker 4: You are obviously the Queen of side hustles in the
38:17
Speaker 4: sense that now look at.
38:18
Speaker 2: You, yep, and it works for me, but you know what,
38:20
Speaker 2: it doesn't work for everybody. And I think that there
38:23
Speaker 2: is a lot of beauty in actually having off time.
38:25
Speaker 2: So find your niche and love it hard, and don't
38:29
Speaker 2: feel bad when other people are doing different, because different
38:32
Speaker 2: doesn't necessarily mean better. More money is not necessarily better lifestyle,
38:37
Speaker 2: and enjoying your world is to me the most important thing.
38:41
Speaker 4: But one hundred percent. I always said, you know, you
38:45
Speaker 4: live to work or you work to live, right, and
38:47
Speaker 4: if you're living to work, then you have to do
38:50
Speaker 4: your passion. You can't live it any other way because
38:53
Speaker 4: it's going to be your life and it has to
38:55
Speaker 4: then be what you love. But if you're working to live,
38:59
Speaker 4: you don't have to do something necessarily that you adore,
39:01
Speaker 4: but you have to make sure that you've got time
39:03
Speaker 4: to do things that you adore. I so love that
39:05
Speaker 4: I choose something that I am good at and I
39:07
Speaker 4: like it. It's not exactly my passion. I would say
39:10
Speaker 4: that my passion is reading about one hundred and fifty
39:12
Speaker 4: romance books a year.
39:13
Speaker 2: Well, that's a sleigh, that's just a little bit of
39:15
Speaker 2: a flex. She's on the Money's books were not the
39:19
Speaker 2: romance once though.
39:20
Speaker 4: Hey no, they kind of took it down to like
39:24
Speaker 4: maybe one hundred and forty five romance books and stuff. Fun.
39:27
Speaker 2: Yeah, I can see why you didn't get your brother
39:30
Speaker 2: in law to read those to you, because it could
39:32
Speaker 2: have gotten very awkward very quickly. But I love this.
39:35
Speaker 2: I love this for you, and I think that's honestly
39:37
Speaker 2: a perfect place to leave it, Money Dicet. I'm so
39:40
Speaker 2: grateful for you and your story and you sharing a
39:44
Speaker 2: little bit about your mum, Like it's so nice to
39:46
Speaker 2: talk about people who aren't with us anymore. And I
39:48
Speaker 2: think too often we just sweep it under the rug
39:51
Speaker 2: and go, oh my gosh, you lost your mum. That's
39:53
Speaker 2: so unfortunate. By let's change the topic of the conversation
39:55
Speaker 2: because sometimes it can be awkward. But I can tell
39:59
Speaker 2: you love talking about your mum. She was a brilliant
40:01
Speaker 2: person and you've been when you talk about her, and
40:04
Speaker 2: you deserve to talk about her more. So, I really
40:06
Speaker 2: hope that more people around you want to have more conversations,
40:09
Speaker 2: not like this one, but like more conversations about your
40:12
Speaker 2: mum and about her legacy and what she's created, and
40:14
Speaker 2: how proud of you she would be. But it has
40:17
Speaker 2: been an absolute pleasure having I guess an hour to
40:20
Speaker 2: sit down with you and chat and learn about you
40:21
Speaker 2: and your life. So thank you so much for that.
40:24
Speaker 4: Thank you. It's Beana Julight as well.
40:32
Speaker 3: The advice shared on She's on the Money is general
40:35
Speaker 3: in nature and does not consider your individual circumstances. She's
40:38
Speaker 3: on the Money exists purely for educational purposes and should
40:42
Speaker 3: not be relied upon to make an investment or financial decision.
40:45
Speaker 2: If you do choose to buy a financial.
40:47
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40:51
Speaker 2: Advice tailored towards your needs.
40:53
Speaker 3: Victoria Divine and She's on the Money are authorized representatives
40:57
Speaker 3: of Money.
40:57
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