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MONEY DIARIES: She's A Secret Hustler! · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Yr
• 0:04
  Speaker 1: the Order Kerney Whalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
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  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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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
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:57
  Speaker 2: Hello, and welcome to She's on the Money. The podcast
• 1:00
  Speaker 2: are millennials who want financial freedom. Welcome back to another
• 1:04
  Speaker 2: one of our money diaries where I get the absolute
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  Speaker 2: opportunity to talk to one of our incredible She's on
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  Speaker 2: the Money community members all about their journey. Let's jump
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  Speaker 2: straight into it because this week I got a message
• 1:16
  Speaker 2: and it sounded a lot like this. Hi, Victoria. I
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  Speaker 2: grew up sharing a bedroom with my mum and two siblings.
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  Speaker 2: I'm now twenty one, I own three properties, I'm married
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  Speaker 2: and I just gave birth to a beautiful baby girl.
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  Speaker 2: I cannot wait to share my tale of hard work
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  Speaker 2: and hustle with the community. Money Diarist, I cannot wait
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  Speaker 2: for you to share your story with us. What the
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  Speaker 2: hecking you're twenty one?
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  Speaker 4: Yes, well that's been insane hearing it back.
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  Speaker 2: You're twenty one and own three properties and have a
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  Speaker 2: baby andremou I have so many questions. I'm very excited
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  Speaker 2: about this though. So let's start the show as we
• 1:56
  Speaker 2: always do, before you dive into who you are and
• 1:58
  Speaker 2: what you're about, because I definitely am going to take
• 2:01
  Speaker 2: this show right there. I want to know first things first,
• 2:03
  Speaker 2: what would you grade your money habits if I asked
• 2:05
  Speaker 2: you to give them a grade from A through to F.
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  Speaker 4: So I had a big think about this after listening
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  Speaker 4: to a lot of money stories and a lot of
• 2:14
  Speaker 4: people grading themselves because you very you know, adamant on
• 2:18
  Speaker 4: how you grade yourselves. So for me, I would grade
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  Speaker 4: myself an A midas.
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  Speaker 2: Ooh, and she's really good at money. This episode is
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  Speaker 2: going to be leased. I cannot wait, Money Darist, I'm
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  Speaker 2: very excited. Let's just jump straight in. Can you tell
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  Speaker 2: me a bit more about your money story? And I
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  Speaker 2: guess your journey in general.
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  Speaker 4: Yeah, so I grew up with divorce parents. My parents
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  Speaker 4: divorce when I was quite young. My mum she had
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  Speaker 4: a stable job, had a government job, you know, but
• 2:49
  Speaker 4: pretty much lived paycheck to paycheck. So we actually ended
• 2:52
  Speaker 4: up pretty much when I was in high school living
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  Speaker 4: in my auntie's house. We were all in like one bedroom,
• 3:00
  Speaker 4: kind of like a built in garage situation. It was
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  Speaker 4: my mom, my brother, my younger sister. From there, I
• 3:07
  Speaker 4: kind of just was like, I don't want to have
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  Speaker 4: this life when I grow up, if you know, that
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  Speaker 4: kind of makes sense. So pretty much throughout all of
• 3:15
  Speaker 4: high school I worked insanely hard in terms of I
• 3:19
  Speaker 4: worked like I would say, over thirty hours a week
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  Speaker 4: while I was still in school, which is just ridiculous
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  Speaker 4: to think about it.
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  Speaker 2: You're crazy. Yeah, And like when you think about these
• 3:27
  Speaker 2: things in hindsight, like I remember looking back on like
• 3:31
  Speaker 2: how I managed UNI and work, and I was working
• 3:33
  Speaker 2: a full time job and doing full time UNI, and
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  Speaker 2: now I cannot think of how I actually managed that
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  Speaker 2: and had a social life. Do you look back and go,
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  Speaker 2: that's insane.
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  Speaker 4: I didn't have a social life, So I think that
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  Speaker 4: was the main thing in high school. That's helpful. Yeah,
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  Speaker 4: that really cut out. You know. Instead of partying on
• 3:48
  Speaker 4: Saturday nights, I was working on Saturday nights.
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  Speaker 2: So it you know, what kind of jobs did you have?
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  Speaker 4: So I mainly did. I always did two. So I
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  Speaker 4: would always do like a retail and a hospitality job
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  Speaker 4: because I would get bored of one.
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  Speaker 2: I did the same thing and I would get bored
• 4:01
  Speaker 2: of them. But also you can like double back them. Yeah,
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  Speaker 2: so like you would like work through retail one during
• 4:06
  Speaker 2: the day in the hospital one at night. I thought
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  Speaker 2: I was hacking the system exactly.
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  Speaker 4: You could like get the penalty rates on the certain
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  Speaker 4: days whichever's going to be better. That's what I did.
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  Speaker 2: Yeah, I always worked Sundays in retail because it was
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  Speaker 2: double time and a half. Of course I want that
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  Speaker 2: Sunday Sunday exactly.
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  Speaker 4: And I was under eighteen, so I worked in like
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  Speaker 4: an RSL, which in Queensland where I am, you had
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  Speaker 4: to get paid at eighteen year old rate because you're serving,
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  Speaker 4: you're dealing with alcohol.
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  Speaker 2: Perfecto, stunning.
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  Speaker 4: I love that good hack for people.
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  Speaker 2: So you're working two jobs in high school, thirty hours
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  Speaker 2: a week. Then what happened?
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  Speaker 4: Then I I'd always been told to go to university,
• 4:44
  Speaker 4: so I was quite an academic student. I got a
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  Speaker 4: good op. I got into the degree I wanted to
• 4:51
  Speaker 4: get into, which was a Bachelor of Law and a
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  Speaker 4: Bachelor of Business or a double degree. That's what my
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  Speaker 4: mum wanted me to do. That was the kind of
• 4:58
  Speaker 4: career path she had had in terms of going to
• 5:01
  Speaker 4: UNI getting a job. I pretty much got into that
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  Speaker 4: and I hated it. It was horrible. I really didn't
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  Speaker 4: like studying at UNI. COVID hit at the time because
• 5:11
  Speaker 4: it was twenty twenty when I was my first year
• 5:13
  Speaker 4: of UNI.
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  Speaker 2: The idea that you've gone through UNI and COVID it
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  Speaker 2: was happening at the same time and you're now out
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  Speaker 2: of UNI and I'm married, didn't have a baby, blows
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  Speaker 2: my mind.
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  Speaker 4: Oh, it was such like I just yeah, I did
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  Speaker 4: not like it at all. But I'm not a person
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  Speaker 4: that gives up. So I kind of had this epiphany
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  Speaker 4: when I was eighteen. So I turned eighteen and twenty
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  Speaker 4: twenty when I had a heap of cash because I
• 5:36
  Speaker 4: had worked and didn't really spend any money. I was
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  Speaker 4: at the time kind of living at home, kind of
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  Speaker 4: not living at home. And that's when I decided, Oh,
• 5:46
  Speaker 4: I might just buy my first property. I didn't want
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  Speaker 4: to tell anyone.
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  Speaker 2: Oh I might just buy my first house. Yeah that
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  Speaker 2: makes sense.
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  Speaker 4: Yeah, might just by it, didn't actually tell anyone, didn't
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  Speaker 4: tell my mom, didn't tell any single person. No one
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  Speaker 4: knew I'd bought this property at all. Yeah, you didn't even.
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  Speaker 2: Tell your mom. You were like, oh, by the way, didn't.
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  Speaker 4: Tell my mom. At that point in time, i'd moved
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  Speaker 4: out and then COVID hit, so I lost all my
• 6:07
  Speaker 4: jobs with hospitality, so I had moved back, I know.
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  Speaker 4: So it was a bit stressful ward moved back into
• 6:12
  Speaker 4: my parents' place.
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  Speaker 2: But no one knew you had a mortgage.
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  Speaker 4: No, Yeah, And then I had bought a place, like
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  Speaker 4: probably it was in the middle of the years. I
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  Speaker 4: bought a place around like June twenty twenty, and no
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  Speaker 4: one knew at all. It was kind of a big
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  Speaker 4: secret until I got things in Queensland. Kind of came
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  Speaker 4: back quite quickly, and I was doing it overnight shift
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  Speaker 4: in like Pokis, so like it's a six am to
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  Speaker 4: five am, and at like seven pm, I just get
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  Speaker 4: a I get a like a picture sent through from
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  Speaker 4: my mom of like a bill from the property I owned,
• 6:41
  Speaker 4: and it had come to her house accidentally, and so
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  Speaker 4: she'd found out about this property. And I still had
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  Speaker 4: so many hours to go, and it was just like,
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  Speaker 4: please come talk to me when you get home. It
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  Speaker 4: was like five am when I got home after working
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  Speaker 4: a big shift. Wasn't fun.
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  Speaker 2: Why did you want to keep that a secret? Why
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  Speaker 2: did you not want to tell anybody? Because like I
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  Speaker 2: feel like that's the exact opposite of everyone in our community.
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  Speaker 2: Like once you've gotten to that point of being able
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  Speaker 2: to buy a house, like we are celebrating my friend,
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  Speaker 2: like we want to tell everybody that we've achieved this
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  Speaker 2: massive goal. And you're like, oh, by the way, absolutely
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  Speaker 2: not not even going to tell my mom.
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  Speaker 4: The funny thing is when I say didn't tell anyone,
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  Speaker 4: I didn't tell anyone personal. So my mom didn't believe
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  Speaker 4: in buying properties and things that she believed in spend
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  Speaker 4: your money when you have it, when you're young, have fun.
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  Speaker 4: It's not really my mentality. But I actually and I
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  Speaker 4: went back and looked at this morning. I actually did
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  Speaker 4: a post on She's and the money, and like got
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  Speaker 4: a heap of reaction. It was like five thousand people reacted.
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  Speaker 4: I had like over five hundred comments, so I shared
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  Speaker 4: it to She's on money, like the Facebook.
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  Speaker 2: You told me, but you didn't tell your mom. Yeah,
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  Speaker 2: I love you, You're my favorite. That's amazing. So you told
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  Speaker 2: my community, call the community of it. But you were like,
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  Speaker 2: I forgot my mom. Yeah, well maybe if she was
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  Speaker 2: in the group she would know.
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  Speaker 4: Maybe she could have found out that way, but she didn't.
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  Speaker 2: It's amazing. I love that. That is actually so funny.
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  Speaker 2: How did the conversation about the rates letter go? Did
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  Speaker 2: you try and be like, I don't know what that's formum?
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  Speaker 2: Or did you go oh, by the way, I'm also
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  Speaker 2: a baller.
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  Speaker 4: I kind of was like, well, why did you open
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  Speaker 4: my mail?
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  Speaker 2: Yeah, that's what I've done too.
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  Speaker 3: Yeah.
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  Speaker 4: I kind of went to the backpedal and I was like,
• 8:09
  Speaker 4: why did you open my mouth? Like that's such an
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  Speaker 4: invasion of privacy. Didn't really work.
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  Speaker 2: No, I wouldn't have had a bar of that either.
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  Speaker 4: No, it didn't work, but that was okay. She got
• 8:20
  Speaker 4: over it. She's like, you know, just can't believe you
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  Speaker 4: spent your money that way, which is just so ridiculous
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  Speaker 4: in my mind.
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  Speaker 2: But yeah, it makes sense as to why you didn't
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  Speaker 2: tell her then, Yes, yes, I.
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  Speaker 4: Just knew there would be a lot of a lot
• 8:32
  Speaker 4: of judgments behind that.
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  Speaker 2: And you just don't need that at that point in
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  Speaker 2: your life. I fully respect that. So then what happened then?
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  Speaker 4: So I bought that the middle of twenty twenty, and
• 8:43
  Speaker 4: at that time, so I was doing my law degree.
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  Speaker 4: Hated it, but I don't. I don't give up things,
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  Speaker 4: and so I wasn't going to drop out of it.
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  Speaker 4: Didn't anything else. And the guy I bought it off,
• 8:51
  Speaker 4: so the real estate agent, I asked him. I was like, oh,
• 8:53
  Speaker 4: you know, like how much money did you earn from this?
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  Speaker 4: And he told me his commission. I was like, oh, it's.
• 8:59
  Speaker 2: Like wow, stayed at sudents, break it in. Obviously we're
• 9:01
  Speaker 2: going to get to what you spend for the people
• 9:03
  Speaker 2: who don't know how much real estate agents make. It's
• 9:06
  Speaker 2: a lot, yes, but I.
• 9:08
  Speaker 4: Was like wow, okay. And so he literally was just like, well,
• 9:12
  Speaker 4: you're eighteen. You must be doing something right, because no
• 9:14
  Speaker 4: eighteen year old in their right mind, unless they're motivated.
• 9:17
  Speaker 4: I have the work ethic can save up this much money? True,
• 9:20
  Speaker 4: Do you want to come work for me?
• 9:21
  Speaker 2: And I didn't.
• 9:22
  Speaker 4: Yeah. Yeah. My friends asked me, like how you did it,
• 9:26
  Speaker 4: and I just said I don't know.
• 9:28
  Speaker 2: Neither do I, Babe, neither do I.
• 9:30
  Speaker 4: So yeah, he kind of chased me up for every month,
• 9:35
  Speaker 4: told me, you know, you should come join. I was
• 9:37
  Speaker 4: still doing my degree at the time, didn't really know
• 9:38
  Speaker 4: what to do. I'd fast track the degree to I've
• 9:40
  Speaker 4: done like a year and a half, two years in
• 9:43
  Speaker 4: one year.
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  Speaker 2: Again, of course you do, am I not surprised you did, yep.
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  Speaker 4: So then I decided, Look, I'll started in January. I'll
• 9:50
  Speaker 4: do a year in real estate, and if I don't
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  Speaker 4: like it, I'll go back to UNI. And nothing's happened.
• 9:55
  Speaker 4: It's all good. I haven't lost a year technically, or
• 9:58
  Speaker 4: if it does go I'll continue. And that's kind of
• 10:01
  Speaker 4: what I did. I went into that, which obviously will
• 10:03
  Speaker 4: be the next question.
• 10:04
  Speaker 2: But you're still in real estate, aren't you.
• 10:06
  Speaker 4: I am still in real estate.
• 10:08
  Speaker 2: Yes, And that's not because I know and I've asked.
• 10:10
  Speaker 2: It's actually a grand assumption on my behalf, because if
• 10:13
  Speaker 2: you're telling me you have this work ethic like you
• 10:16
  Speaker 2: would thrive in real estate.
• 10:18
  Speaker 5: Yeah.
• 10:19
  Speaker 4: It is a very hard industry, which.
• 10:21
  Speaker 2: I'm going to guess again, is why you're able to
• 10:23
  Speaker 2: purchase more than one problem?
• 10:25
  Speaker 4: Yes, yes, yeah, it's not just because I could like
• 10:28
  Speaker 4: pick up a property at like ten dollars unfortunately.
• 10:31
  Speaker 2: Yeah, yeah, yeah, all right, carry on, carry on. So
• 10:34
  Speaker 2: you're in real estate.
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  Speaker 4: Yes, in real estate. And then I had kind of
• 10:38
  Speaker 4: a crazy two years. I guess. I started in real
• 10:41
  Speaker 4: estate in started twenty twenty one, I you know, did
• 10:45
  Speaker 4: really well. I actually ended up dropping the law degree,
• 10:48
  Speaker 4: but I continued the business degree in secret because my
• 10:52
  Speaker 4: boss told me I couldn't do UNI if I was
• 10:54
  Speaker 4: doing the job.
• 10:54
  Speaker 2: You did a secret degree. Yes, you're buying house doing
• 10:58
  Speaker 2: secret degrees.
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  Speaker 4: Lots of secrets. So I finished. I did, kept doing
• 11:04
  Speaker 4: that degree in the background, worked really hard, worked my
• 11:07
  Speaker 4: butt off, absolutely loved it, and decided that I was
• 11:11
  Speaker 4: definitely not going to go back and study law. I
• 11:12
  Speaker 4: did not want to be a lawyer, and real estate was,
• 11:15
  Speaker 4: I guess, the thing to do.
• 11:17
  Speaker 2: And how old are you at this point?
• 11:19
  Speaker 4: At that point, so started twenty twenty one, I was
• 11:23
  Speaker 4: going into being nineteen. And that's also when I met
• 11:26
  Speaker 4: my now husband, was right at the start of that
• 11:29
  Speaker 4: year too, So everything happened.
• 11:31
  Speaker 2: How did you meet by a hinge?
• 11:33
  Speaker 4: I one hundred percent rate it.
• 11:35
  Speaker 2: I love this. I met my husband on Tinder, so
• 11:38
  Speaker 2: absolutely no no app judgment, guys.
• 11:41
  Speaker 4: I love the apps. Oh so much easier to choose
• 11:44
  Speaker 4: people on the apps.
• 11:45
  Speaker 2: Literally, I just went and picked up a husband. It
• 11:47
  Speaker 2: was fantastic.
• 11:48
  Speaker 4: No one has time for these weird dates.
• 11:50
  Speaker 2: I'm not going to go to a bar, and you
• 11:52
  Speaker 2: know what, the type of person I wanted to meet,
• 11:54
  Speaker 2: they were not just vibing at the mark, like if
• 11:57
  Speaker 2: you say, oh, there's a dude down at the bar,
• 11:59
  Speaker 2: like you could go chat to here. I don't want
• 12:01
  Speaker 2: that type of person.
• 12:02
  Speaker 4: Yeah, I don't think the type of person I'm going
• 12:04
  Speaker 4: for like not really my thing.
• 12:06
  Speaker 2: No thanks, babe, I want someone booked and business.
• 12:10
  Speaker 4: I need sometime, we need to like schedule.
• 12:12
  Speaker 2: So you met your husband at the start of the year,
• 12:13
  Speaker 2: and then.
• 12:14
  Speaker 4: And then by December twenty twenty one we were engaged.
• 12:20
  Speaker 2: So of that moved quickly, moved really quick.
• 12:23
  Speaker 4: But even quicker is that we were then married in
• 12:26
  Speaker 4: ninety days. So we had a ninety day engagement and married.
• 12:29
  Speaker 2: Did he need a visa or something? Is Is there
• 12:31
  Speaker 2: a catch? No catch?
• 12:33
  Speaker 4: No catch? My dream venue had a cancelation and it's
• 12:36
  Speaker 4: normally like a two year wait, and I was like,
• 12:38
  Speaker 4: screw it, We'll just do it.
• 12:40
  Speaker 2: Oh that's so wholesome. So how was planning a wedding
• 12:43
  Speaker 2: in ninety days because I had an entire year and
• 12:46
  Speaker 2: I still nearly die.
• 12:47
  Speaker 4: I would one hundred percent recommend it.
• 12:48
  Speaker 2: Oh you'd recommend it. Oh of course she would. She
• 12:51
  Speaker 2: does secret degrees by secret properties. Since she'd recommend planning
• 12:54
  Speaker 2: your wedding in ninety days.
• 12:55
  Speaker 4: Because you didn't have much choice. So it's just whoever
• 12:58
  Speaker 4: was available you booked. You didn't have to overlook it lock.
• 13:01
  Speaker 2: It in yet. Yeah, yeah, all right, I can see why.
• 13:04
  Speaker 2: You know, I feel like the wedding planning got easier
• 13:07
  Speaker 2: as the pressure increased, because.
• 13:09
  Speaker 4: Otherwise you kind of just you let it go, kind
• 13:12
  Speaker 4: of dragged on a bit, and you really didn't do
• 13:14
  Speaker 4: much until the last three months anyway.
• 13:16
  Speaker 2: So tell me, was there a lot of judgment as
• 13:19
  Speaker 2: a nineteen now twenty year old getting married so quickly,
• 13:24
  Speaker 2: Because like, I'm very much a believer of when you know,
• 13:27
  Speaker 2: you know, like creepily enough. On my first date, I
• 13:30
  Speaker 2: knew I was going to marry my husband and my
• 13:32
  Speaker 2: husband will say exactly the same thing. And if you
• 13:35
  Speaker 2: had told me even a week before meeting Steve that
• 13:39
  Speaker 2: that would be the outcome, I'd be like, that's insane,
• 13:42
  Speaker 2: that is nuts, that is not what real life is, Like,
• 13:45
  Speaker 2: what are you talking about? So tell me how did
• 13:48
  Speaker 2: that work? When you also have the added, I guess
• 13:51
  Speaker 2: layer of being really young.
• 13:52
  Speaker 4: Yes, I mean probably a lot of people said stuff
• 13:55
  Speaker 4: and didn't tell me.
• 13:56
  Speaker 2: You know, oh yeah gossip great, we love that, yeah.
• 13:59
  Speaker 4: Which is fine. My mum wasn't the most supportive. She
• 14:05
  Speaker 4: loves my husband, she does, but just the whole very quickly,
• 14:11
  Speaker 4: very young. She wasn't the engagement she was okay with,
• 14:15
  Speaker 4: but it was the fact that we got married so
• 14:16
  Speaker 4: quickly was a bit like, oh okay, not that happy.
• 14:20
  Speaker 4: Whilst my husband's parents they actually had the same kind
• 14:23
  Speaker 4: of timeline, so when they met was quite young. They
• 14:26
  Speaker 4: got married with and about about the you know, twelve
• 14:29
  Speaker 4: to twenty four months. Mark had kids quite quickly too,
• 14:32
  Speaker 4: so Gay knew.
• 14:34
  Speaker 2: Oh okay, and how old is your husband? So it
• 14:36
  Speaker 2: can be real real pervy.
• 14:37
  Speaker 4: He is, So I'm yeah twenty one now, so he's
• 14:41
  Speaker 4: twenty five?
• 14:41
  Speaker 2: Yeah, okay, Like there's not massive age differences or anything
• 14:45
  Speaker 2: like that.
• 14:45
  Speaker 4: Not a massive age difference, but you're definitely got to
• 14:47
  Speaker 4: go for the more mature guys twenty one probably wouldn't.
• 14:51
  Speaker 2: Have all agree. Steeve's older than I am, and I
• 14:53
  Speaker 2: wouldn't change it because I think that we're both on
• 14:55
  Speaker 2: the same mental level.
• 14:56
  Speaker 4: Now, yes, yes, the same mental level.
• 15:00
  Speaker 2: So you're married. You now have a daughter?
• 15:03
  Speaker 4: Yes, she is just turned four months old. So I
• 15:09
  Speaker 4: had her, Yeah, in August of this year.
• 15:12
  Speaker 2: Oh my gosh, congratulations mom, that's so exciting.
• 15:16
  Speaker 4: Yes, it's a lot, but you know, wouldn't change up
• 15:20
  Speaker 4: the world.
• 15:20
  Speaker 2: So now tell me about work life balance. So you're
• 15:23
  Speaker 2: still working in Really we'll get to the pay part,
• 15:26
  Speaker 2: but like, how did you manage becoming a young mum
• 15:29
  Speaker 2: as well as like work and life and having a
• 15:32
  Speaker 2: husband and all of that other fun stuff.
• 15:35
  Speaker 4: Yes, well, I work like a commission based job, so
• 15:38
  Speaker 4: I run my own kind of business. It's all about
• 15:40
  Speaker 4: how much I work, how much I own. So I'm
• 15:43
  Speaker 4: a big workaholic. If anyone couldn't tell didn't say that coming, No, No,
• 15:48
  Speaker 4: I actually pretty much as I was giving birth, I
• 15:51
  Speaker 4: sold two properties and at auctions at night.
• 15:55
  Speaker 2: Why is none of this surprisingly Yeah, and it would
• 16:00
  Speaker 2: be nice commissions.
• 16:01
  Speaker 4: Yeah, it was really good. You know, a great day
• 16:03
  Speaker 4: gay birth got some commissions. Couldn't think of anything better.
• 16:07
  Speaker 2: But yeah, you got paid to give birth. I love
• 16:09
  Speaker 2: this for you, win win, But.
• 16:11
  Speaker 4: Yeah, I gave birth on a Thursday. By the Sunday
• 16:13
  Speaker 4: we were back home, I was I really wanted to
• 16:16
  Speaker 4: get back home because I couldn't take any calls while
• 16:17
  Speaker 4: in the hospital because people just kept interrupting me.
• 16:21
  Speaker 2: That's not why I like, I'm not just excited to
• 16:24
  Speaker 2: get my new daughter home and like, you know, have
• 16:26
  Speaker 2: that nest in the phase and that like, you know,
• 16:28
  Speaker 2: a little newborn bubble they talk about. You were like,
• 16:30
  Speaker 2: get my laptop and my phone back in my hand asap.
• 16:35
  Speaker 4: Literally on my last day, they were like trying to
• 16:37
  Speaker 4: do something and I was trying to type up an appraisal,
• 16:39
  Speaker 4: and I was like, oh, can you just wait, you know,
• 16:40
  Speaker 4: five minutes. I've just got to send this email. Then
• 16:43
  Speaker 4: we'll be good and you can do whatever you have
• 16:45
  Speaker 4: to do.
• 16:45
  Speaker 2: That will be me. And you know what, I regret nothing.
• 16:48
  Speaker 4: You don't because they're sleeping most of the time. Anyway,
• 16:51
  Speaker 4: you're not really missing out a much. But yeah, I
• 16:54
  Speaker 4: was back working on Monday. I was at home for
• 16:57
  Speaker 4: two weeks, and then I was back in the office
• 16:59
  Speaker 4: Monday today. From two weeks on.
• 17:02
  Speaker 2: Can I be really pervy? Because yes, as somebody who
• 17:06
  Speaker 2: is now seven months pregnant and due to give birth
• 17:08
  Speaker 2: really soon, my plan is to take at this point
• 17:12
  Speaker 2: in time, six to eight weeks of maternity leave, right,
• 17:15
  Speaker 2: So everyone thinks that that is.
• 17:16
  Speaker 4: Like everything's're crazy, true little they.
• 17:18
  Speaker 2: Think I'm insane. My business partner, Kate in Zella Money,
• 17:21
  Speaker 2: she took two weeks. I'm not saying that this is normal,
• 17:25
  Speaker 2: and I'm not saying that this is something that we
• 17:26
  Speaker 2: should be rewarding, because I think that, you know, having
• 17:31
  Speaker 2: that time is so special and I totally get it.
• 17:34
  Speaker 2: But I am, arguably, and I'm maybe speaking for you
• 17:37
  Speaker 2: here as well, I'm a psychopath. Like I know that
• 17:41
  Speaker 2: I will be more grounded, a better mum, a better
• 17:44
  Speaker 2: everything if you let me do my thing and be
• 17:46
  Speaker 2: a mum at the same time. If you tell me
• 17:48
  Speaker 2: to do one of those things, I'm going to go
• 17:49
  Speaker 2: up the wall. But talk to me about like the
• 17:53
  Speaker 2: actual recovery two weeks after birth, Like I'm sorry, are
• 17:57
  Speaker 2: you not still bleeding and in pain and not having
• 17:59
  Speaker 2: a good time, Like, was that actually a good idea?
• 18:03
  Speaker 4: Look, I think people make and it really does depend.
• 18:06
  Speaker 4: I'm a lot younger, so I will admit young pregnancys
• 18:10
  Speaker 4: and births. I do think it easier than when you
• 18:13
  Speaker 4: are older. It's just it's how you know natural is
• 18:16
  Speaker 4: so for me it was, you know, natural birth. I
• 18:19
  Speaker 4: had the epiduit, which is the best thing ever, and
• 18:24
  Speaker 4: I didn't have any tearing, which is very surprising.
• 18:28
  Speaker 2: Or it must be nice. Side note for those of
• 18:31
  Speaker 2: you following along. I did a birth with Beth course
• 18:34
  Speaker 2: a couple of weeks ago with my husband, and I
• 18:37
  Speaker 2: was like, I know so much of this. I listened
• 18:39
  Speaker 2: to so many podcasts and they were like, eighty five
• 18:42
  Speaker 2: percent of women tear during childbirth, and I was like, sorry, sorry,
• 18:45
  Speaker 2: that's not a statistic. I was ready for yeap so
• 18:47
  Speaker 2: to not tear at all. We're gonna have to take
• 18:49
  Speaker 2: this conversation offline. I need all your chips, all your tricks.
• 18:53
  Speaker 2: I want that.
• 18:54
  Speaker 4: I know. So that was a big thing because obviously
• 18:57
  Speaker 4: that means that recovery it is a lot easy. It
• 19:00
  Speaker 4: is way easier, Like I think it was more of
• 19:03
  Speaker 4: you know, once I got out of hospital. To be honest,
• 19:05
  Speaker 4: I wasn't really It was kind of like a period
• 19:08
  Speaker 4: after that for the next maybe week or so. So
• 19:11
  Speaker 4: by the two.
• 19:12
  Speaker 2: Week mar so you had it relatively easily.
• 19:14
  Speaker 4: I did, so I will have met birth. Everything was
• 19:17
  Speaker 4: quite on the easier side, which meant recovery. I was,
• 19:21
  Speaker 4: you know, I was ready to go as soon as
• 19:23
  Speaker 4: we got out of the hospital. I probably could have,
• 19:25
  Speaker 4: you know, gone and done things like I think I was,
• 19:29
  Speaker 4: you know, walking and things like that, going for walks
• 19:31
  Speaker 4: and that as soon as we're back.
• 19:32
  Speaker 2: You sound like Kate. She was also quite young when
• 19:35
  Speaker 2: she had her babies, so that makes sense. I just
• 19:38
  Speaker 2: I also want to just pinpoint it here and say
• 19:40
  Speaker 2: that we're definitely not trying to glorify that that's any
• 19:43
  Speaker 2: type of expectation. It's just so perfect. When you hear
• 19:46
  Speaker 2: someone who has done I'm like, wait, what story how
• 19:49
  Speaker 2: because it's not the norm, and like, you know, so
• 19:52
  Speaker 2: many women are like, oh, twelve months wasn't enough for
• 19:54
  Speaker 2: Matt leave and like that's so fine. Like I have
• 19:57
  Speaker 2: a best friend who is the exact opposite of me
• 19:59
  Speaker 2: in every single way, and I adore her and twelve
• 20:02
  Speaker 2: months leave was not enough for her. And I look
• 20:04
  Speaker 2: at it and I go, I just couldn't do that.
• 20:06
  Speaker 2: I think we need to just talk about every type
• 20:09
  Speaker 2: of experience and go, wow, I'm glad you had the choice.
• 20:12
  Speaker 4: I'd never heard of people actually going back so quickly
• 20:15
  Speaker 4: or so quickly by choice. Yes, some people have to
• 20:18
  Speaker 4: go back because of financial reasons. Mine was by choice.
• 20:21
  Speaker 2: Yeah. See, mine will be choice as well. And I
• 20:23
  Speaker 2: think that that changes the game completely.
• 20:25
  Speaker 4: It does. But I couldn't be a stay at home
• 20:28
  Speaker 4: on full time my personality. I'd like some days I
• 20:31
  Speaker 4: have to because chulk I things like that, and oh,
• 20:35
  Speaker 4: I go, oh, I give it up for all the
• 20:37
  Speaker 4: stay at home moms.
• 20:38
  Speaker 2: So now tell me. I want to ask a pervy question.
• 20:42
  Speaker 2: You obviously do real estate for work, but what's your
• 20:44
  Speaker 2: job title? And how much money do you earn?
• 20:46
  Speaker 1: Yep?
• 20:47
  Speaker 4: So I am like a real estate sales agent. So
• 20:50
  Speaker 4: I sell the properties roughly. So last year I roughly
• 20:56
  Speaker 4: did between about three hundred and fifty thousand to four
• 20:59
  Speaker 4: hundred thousand.
• 21:00
  Speaker 2: And that's your take home total salary.
• 21:02
  Speaker 4: That's my take home yep, before tax and things like that. Yeah.
• 21:07
  Speaker 2: Absolutely, do you know what I feel like when people
• 21:09
  Speaker 2: start hearing that, they're like, maybe I could have done
• 21:11
  Speaker 2: two weeks of matt Leeve if I had that income. Yeah, yeah,
• 21:15
  Speaker 2: that makes a lot of sense to me. Have a
• 21:17
  Speaker 2: lot of friends in real estate. Can you break it
• 21:19
  Speaker 2: down a little bit though, So you said before you
• 21:21
  Speaker 2: kind of have like a commissions based role. What does
• 21:24
  Speaker 2: that mean? And how much do you get paid? Like,
• 21:27
  Speaker 2: do you get paid when you sell one property? Do
• 21:29
  Speaker 2: you have a retainer that you're on? If so, what's
• 21:31
  Speaker 2: that like? Give me the low down so that anyone
• 21:34
  Speaker 2: listening to this, that's like I didn't realize that's how
• 21:36
  Speaker 2: sales agents got paid. They can just be a little
• 21:38
  Speaker 2: bit more knowledgeable.
• 21:39
  Speaker 4: Yeah, So when you first start, so back in twenty
• 21:43
  Speaker 4: twenty one, you start on minimum wage. So I was
• 21:46
  Speaker 4: on literal minimum wage, and you're on like a retainer.
• 21:48
  Speaker 4: So it's called a debit credit and you pay back
• 21:51
  Speaker 4: every time you sell something. A split happens, So depending
• 21:54
  Speaker 4: on what your split is, but normally your franchise takes
• 21:58
  Speaker 4: percentage and then your actual office like principal, takes percentage
• 22:01
  Speaker 4: and then you get a cut. That cut will then
• 22:04
  Speaker 4: cover your retainer to begin with, and then you get
• 22:07
  Speaker 4: the rest. I'm now at a point where I'm a contractor,
• 22:10
  Speaker 4: so I just invoice for every sale of my.
• 22:13
  Speaker 2: Cuts every property you sell. So what does a retainer
• 22:16
  Speaker 2: look like? Is that thirty thousand dollars? Is it fifty?
• 22:19
  Speaker 4: At the point when just minimum wage? So when I
• 22:23
  Speaker 4: was in twenty twenty one, when I was the minimum wage,
• 22:26
  Speaker 4: I think it was like forty five thousand or something.
• 22:29
  Speaker 2: And then you essentially need to sell enough properties to
• 22:33
  Speaker 2: cover that forty five thousand dollars to pay back your
• 22:35
  Speaker 2: business that has hired you, and then anything above that
• 22:39
  Speaker 2: is cream. You said that there's a split, so obviously
• 22:43
  Speaker 2: between the franchise and the office owner and you. What
• 22:46
  Speaker 2: kind of percentage were you taking home at that point?
• 22:49
  Speaker 4: Yeah, so it would be out of one hundred percent,
• 22:51
  Speaker 4: eight percent would be taken to the franchise and then
• 22:55
  Speaker 4: forty percent would be taken to the owner and sixty
• 22:57
  Speaker 4: percent would be taken to me.
• 22:59
  Speaker 2: That is a I split. Hey, I should have become
• 23:01
  Speaker 2: a real estate agent.
• 23:04
  Speaker 4: So it's really good.
• 23:06
  Speaker 2: And per sale, let's, you know, break it down even
• 23:09
  Speaker 2: further because I know what it is. What kind of
• 23:12
  Speaker 2: percentage of the property price is a I guess a
• 23:15
  Speaker 2: sale work.
• 23:16
  Speaker 4: Typically in Queensland you charge anywhere from about two point
• 23:21
  Speaker 4: five percent to three point five percent of the sale price.
• 23:24
  Speaker 2: Right, and then that amount is what that commission is
• 23:27
  Speaker 2: made up of. And that's actually standard. Like we're not saying,
• 23:29
  Speaker 2: oh my gosh, that's so much. We're more like contextualizing
• 23:32
  Speaker 2: it so that you guys can understand exactly what that means.
• 23:35
  Speaker 2: Because I'm so pervy. When I started to learn about
• 23:37
  Speaker 2: real estate, I was like, sorry, what now, Like that
• 23:40
  Speaker 2: makes it insane. So what you're telling me is in
• 23:43
  Speaker 2: twenty twenty one, when you started, you were on forty
• 23:46
  Speaker 2: five thousand dollars, and now you weren't four hundred thousand dollars. Yes,
• 23:51
  Speaker 2: that's pretty good. That's not bad.
• 23:54
  Speaker 4: Yes, and it's you know, I will have to put
• 23:58
  Speaker 4: it out there. Not everyone does earn that much. You know.
• 24:01
  Speaker 4: What people don't realize in real estate is that I
• 24:04
  Speaker 4: think it. The statistic is eighty five percent of real
• 24:06
  Speaker 4: estate agents actually earn less than eighty thousand dollars a
• 24:10
  Speaker 4: year or something along those lines.
• 24:12
  Speaker 2: So no, no, no, that's very accurate.
• 24:14
  Speaker 4: Yeah, so's it's one of those things where yes, I
• 24:17
  Speaker 4: do earn a lot of money, but it's not something
• 24:19
  Speaker 4: where it's industry wide that everyone earns that much money.
• 24:23
  Speaker 2: Yeah, that's not normal. But what is cool is that
• 24:26
  Speaker 2: it's completely in your control. So when you were explaining
• 24:30
  Speaker 2: it before, you were like, oh, I had a fifty
• 24:32
  Speaker 2: thousand dollars in savings at eighteen, and then this real
• 24:34
  Speaker 2: estate agent was talking to me and said I'd be
• 24:37
  Speaker 2: good in it. I was like, of course she's going
• 24:38
  Speaker 2: to be good at it. She's a hustler. Look at
• 24:40
  Speaker 2: that work ethic. Look at what's going on. I obviously
• 24:43
  Speaker 2: didn't know before we started recording what you were earning,
• 24:46
  Speaker 2: and I was very likely going to guess like three
• 24:48
  Speaker 2: hundred grand at least, because that ethic kind of like
• 24:51
  Speaker 2: really plays into it. And that's not something that's trainable. Like,
• 24:55
  Speaker 2: and I don't mean this in a mean or a
• 24:57
  Speaker 2: rude way, but like it's ingrained in some people to
• 25:00
  Speaker 2: like work insanely hard and they're super motivated, whereas other
• 25:04
  Speaker 2: people will be like, oh man, it's like six o'clock.
• 25:06
  Speaker 2: I'm absolutely not taking client calls after this. Tell me,
• 25:10
  Speaker 2: my friend about your work life balance. How many hours
• 25:12
  Speaker 2: are you doing a week?
• 25:14
  Speaker 4: A lot? I get to the office early, so me
• 25:18
  Speaker 4: and my husband kind of have different shifts. We call
• 25:21
  Speaker 4: it looking after my daughter. So I get to go
• 25:24
  Speaker 4: into work I would say early, So I get into
• 25:26
  Speaker 4: work at seven am. I then leave the office at
• 25:30
  Speaker 4: four pm to be home by five pm to take
• 25:33
  Speaker 4: over for my daughter. But then I, you know, continue
• 25:36
  Speaker 4: working until I'm pretty much done. My husband normally gets
• 25:39
  Speaker 4: home around seven pm, and that's when I kind of
• 25:43
  Speaker 4: switch off. So unless I'm negotiating a deal and you know,
• 25:47
  Speaker 4: it's really something needs to be done, nothing will get
• 25:50
  Speaker 4: as until the next day. That's kind of where I
• 25:52
  Speaker 4: cut it. And for me, I work Monday to Saturday,
• 25:55
  Speaker 4: being Saturday being open homes and Sunday is my family day.
• 25:58
  Speaker 4: You will not catch me no matter who you are
• 26:00
  Speaker 4: on a Sunday.
• 26:01
  Speaker 2: Yeah. I love that, and I think it provides really
• 26:04
  Speaker 2: good context because to earn the salary that you earn
• 26:08
  Speaker 2: requires significant sacrifice in different areas of life, and I
• 26:11
  Speaker 2: really wanted to draw that out instead of being like, yeah,
• 26:13
  Speaker 2: oh my gosh, there's taol any one and earns so
• 26:15
  Speaker 2: much money moving on. I just think that we need
• 26:18
  Speaker 2: to give that chunky amount of context because I can't
• 26:23
  Speaker 2: tell you one person that I know at this point
• 26:25
  Speaker 2: in time that's not already a sales agent that would
• 26:28
  Speaker 2: be able to cut it in that area, Like I
• 26:30
  Speaker 2: would go insane. I would be burnt out in point
• 26:32
  Speaker 2: two seconds. So it's just it's nice to have a
• 26:35
  Speaker 2: bit more context, my friend. So we know what you
• 26:39
  Speaker 2: do for work, we know how much money you earn,
• 26:42
  Speaker 2: but like, what are you working towards at the moment?
• 26:44
  Speaker 2: What are your big financial goals?
• 26:45
  Speaker 4: So I've kind of got two. One is like the
• 26:50
  Speaker 4: dream home in terms of just that big, beautiful home
• 26:54
  Speaker 4: that people drive up to and go, Wow, she's really rich.
• 26:58
  Speaker 2: Oh you want a big, really rich house. Yeah, Like
• 27:00
  Speaker 2: all right, can I come over? Are you're going to
• 27:02
  Speaker 2: have like a big, really rich pool with a big,
• 27:04
  Speaker 2: really rich spark?
• 27:05
  Speaker 4: Definitely? Like that's just something where and it sounds so materialistic,
• 27:10
  Speaker 4: but I just want to show how much, you know,
• 27:13
  Speaker 4: I work so hard. I want something to show. So
• 27:16
  Speaker 4: that's one thing, like the massive, big house. And other
• 27:19
  Speaker 4: thing is just buying more investment properties and just setting
• 27:21
  Speaker 4: myself up because that's how I typically invest my money.
• 27:25
  Speaker 2: Have you thought about where that? I guess I want
• 27:28
  Speaker 2: to call it showiness because it's the easiest word to use.
• 27:31
  Speaker 2: Their Have you thought about where that's coming from or like,
• 27:34
  Speaker 2: why that's so important to you? Do you think it
• 27:37
  Speaker 2: comes from the way you grew up and like you know,
• 27:39
  Speaker 2: obviously living in essentially a reconfigured garage with your you know,
• 27:45
  Speaker 2: siblings and your mum. Like, is this something that you go, No,
• 27:47
  Speaker 2: it's not actually just to show other people. It's so
• 27:49
  Speaker 2: that when I drive up to it, I go, I
• 27:52
  Speaker 2: did this.
• 27:53
  Speaker 4: Yeah, it's kind of approves. You know. I had a
• 27:55
  Speaker 4: lot of people doubting me going into real estate and
• 27:58
  Speaker 4: doubting kind of the choice I made, that I won't
• 28:01
  Speaker 4: be able to succeed, and I had that, you know,
• 28:03
  Speaker 4: throughout a lot of my life. So I think for me,
• 28:06
  Speaker 4: that is going, wow, I did make it, and to
• 28:09
  Speaker 4: prove everyone wrong pretty much and to prove to myself
• 28:11
  Speaker 4: that it was the right choice.
• 28:13
  Speaker 2: I love it because I feel like you're also investing
• 28:16
  Speaker 2: on the flip side, so it's not just putting money
• 28:18
  Speaker 2: into a house to look really important. But let's talk
• 28:21
  Speaker 2: about that. I have so many questions. Let's go to
• 28:23
  Speaker 2: a really quick break and on the flip side, I'm
• 28:25
  Speaker 2: going to break all of that down. All right, money diarist,
• 28:32
  Speaker 2: we are back you mentioned in your intro email that
• 28:35
  Speaker 2: you own three properties. The next question for you is
• 28:38
  Speaker 2: do you have any investments? If so, what are they?
• 28:40
  Speaker 2: Please start listing them off.
• 28:42
  Speaker 4: I do. So I have two investment properties. I wrote
• 28:47
  Speaker 4: them all down this morning. Side have them all? Do
• 28:49
  Speaker 4: you also want to know, like how much I own?
• 28:51
  Speaker 4: How much they were?
• 28:52
  Speaker 2: Of course I do perfect.
• 28:55
  Speaker 4: So I've got two investment properties. One investment property was
• 28:59
  Speaker 4: my first one I bought. I bought that on my
• 29:00
  Speaker 4: own when I was eighteen.
• 29:02
  Speaker 2: The secret property, the secret property.
• 29:04
  Speaker 4: So I currently owned that one two hundred and fifty
• 29:07
  Speaker 4: eight thousand dollars and it's worth about four hundred and
• 29:10
  Speaker 4: fifty thousand dollars.
• 29:12
  Speaker 2: That's very nice. Got some equity there. And then did
• 29:15
  Speaker 2: you use your equity to go into the second one?
• 29:18
  Speaker 2: I didn't actually, so, oh it must be nice.
• 29:22
  Speaker 4: I had somehow. I convinced my boyfriend, so my husband
• 29:26
  Speaker 4: now after knowing each other for four months, to buy
• 29:30
  Speaker 4: a property with me, which is a property we moved into,
• 29:32
  Speaker 4: which is now investment property. And I convinced him to
• 29:34
  Speaker 4: put in fifty thousand and meet to be only put
• 29:36
  Speaker 4: in thirty thousand dollars for this property.
• 29:38
  Speaker 2: I wonder who wears the pants in that relationship. Yeah,
• 29:41
  Speaker 2: interesting question to address at a later date.
• 29:44
  Speaker 4: Yeah, I don't know how that I've the highest song
• 29:46
  Speaker 4: of that, but I did. And then we bought this
• 29:48
  Speaker 4: second property that I only bought out together, and that
• 29:51
  Speaker 4: one currently has a loan of three hundred and sixty
• 29:54
  Speaker 4: eight thousand and it's worth about six hundred thousand.
• 29:56
  Speaker 2: Oh, very very nice. Yeah, Now, is there a lot
• 30:00
  Speaker 2: of strategy going into picking these properties? Obviously when you
• 30:04
  Speaker 2: were eighteen, you had absolutely no real estate knowledge. How
• 30:07
  Speaker 2: did you know that that was a property you wanted
• 30:09
  Speaker 2: to buy or would be, you know, a good asset,
• 30:11
  Speaker 2: Because if you're telling me that you purchased a property
• 30:14
  Speaker 2: it's worth four fifty and you only have like a
• 30:17
  Speaker 2: two hundred and fifty eight thousand dollar alone on it,
• 30:19
  Speaker 2: like we would all say, that's a pretty good position
• 30:21
  Speaker 2: to be in. How do you know how to pick
• 30:24
  Speaker 2: the right one?
• 30:24
  Speaker 4: To be honest with that one? I was probably just lucky.
• 30:28
  Speaker 4: I bought that in twenty twenty when the prices hadn't skyrocketed.
• 30:32
  Speaker 4: I bought it in an area where I could afford, Like,
• 30:35
  Speaker 4: I bought it for three hundred thousand, and I bought
• 30:39
  Speaker 4: it because I was working near there at the time,
• 30:41
  Speaker 4: but I actually didn't live in it. I ended up moving,
• 30:46
  Speaker 4: so I didn't even end up living in that one.
• 30:48
  Speaker 4: But yeah, that one was purely just down to I
• 30:51
  Speaker 4: liked the area. It was the only really thing I
• 30:52
  Speaker 4: could afford, and for me, I just knew, you can't
• 30:55
  Speaker 4: have the dream house straight away. I'm going to pick something,
• 30:58
  Speaker 4: you know, not the greatest. Go from there.
• 31:00
  Speaker 2: Great. So now you've got the second property with your
• 31:03
  Speaker 2: now husband, it's worth six hundred grand. What is the
• 31:07
  Speaker 2: third property? Tell us about that one.
• 31:10
  Speaker 4: The third property is the one we currently live in.
• 31:13
  Speaker 4: So that's the definitely the bigger one where the interest
• 31:16
  Speaker 4: rates hurts. So that one we only bought last year.
• 31:20
  Speaker 4: We did use the equity from the second property we purchased,
• 31:24
  Speaker 4: and that one currently has a loan of nine hundred
• 31:27
  Speaker 4: and seventy seven thousands. We borrowed the full loan. We
• 31:31
  Speaker 4: didn't put any cash into it, and the property is
• 31:33
  Speaker 4: currently worth about one point one Oh.
• 31:35
  Speaker 2: Very nice. So you're sitting on what five hundred and
• 31:39
  Speaker 2: fifty ish maybe six hundred thousand dollars worth of equity
• 31:42
  Speaker 2: at twenty one Yeah, roughly must be nice must be
• 31:45
  Speaker 2: nice unrelatable. So at twenty one, I was probably drunk
• 31:49
  Speaker 2: in a bar on Brunswick Street with like ten dollars
• 31:52
  Speaker 2: maximum in my pocket, and then the year later I
• 31:54
  Speaker 2: got a forty five thousand dollar personal loan, so like,
• 31:57
  Speaker 2: we could not be more different, but I love this.
• 31:59
  Speaker 4: For you slightly different, yeap.
• 32:01
  Speaker 2: Do you have any other investments or is it just property?
• 32:04
  Speaker 2: I do, so of course she does, guys, of course
• 32:07
  Speaker 2: she does.
• 32:09
  Speaker 4: I've got about fifty thousand dollars in shares.
• 32:11
  Speaker 2: Yeah, of course you do. I'm genuinely so impressed.
• 32:15
  Speaker 4: I don't really know much about the shares. My husband
• 32:18
  Speaker 4: wanted to do something because I was more the property person.
• 32:20
  Speaker 4: Have they gone well, probably not that much. I looked
• 32:23
  Speaker 4: at this morning and I texted him and I said, hey,
• 32:26
  Speaker 4: I've gone down. What is this?
• 32:28
  Speaker 2: Hey, I'm going to be on this podcast and I
• 32:29
  Speaker 2: wanted to ask some questions. And now I'm a bit
• 32:31
  Speaker 2: like what.
• 32:32
  Speaker 4: Yeah, I'm like okay, like snow just waited. I was like, yeah,
• 32:36
  Speaker 4: yeah shared, you waited out yep, got it. And then
• 32:39
  Speaker 4: just my super as well. So my super I don't
• 32:42
  Speaker 4: really pay attention to it much because I'm a contractor now,
• 32:45
  Speaker 4: which is really bad.
• 32:46
  Speaker 2: I was about to say, are you paying yourself super
• 32:49
  Speaker 2: at this point in time?
• 32:50
  Speaker 4: No, but that's because I currently have forty five thousand.
• 32:53
  Speaker 2: I don't care if you've got forty five thousand. I'm
• 32:55
  Speaker 2: looking at all your other assets. But I know you
• 32:57
  Speaker 2: can afford I know.
• 32:58
  Speaker 4: I yeah, yes, I can't. I just haven't. I haven't
• 33:01
  Speaker 4: gotten it sorted yet in terms of I have only
• 33:05
  Speaker 4: become a contractor within the last under This is my
• 33:08
  Speaker 4: first financial as a contractor, and I actually haven't even
• 33:11
  Speaker 4: paid myself yet technically, so I'm still it's in the background.
• 33:16
  Speaker 4: We'll work it out.
• 33:16
  Speaker 2: All right, all right, I'll allow that. Tell me, what
• 33:19
  Speaker 2: does your husband do.
• 33:20
  Speaker 4: He's a lawyer?
• 33:21
  Speaker 2: Of course he is. You married a lawyer, you smart woman.
• 33:24
  Speaker 4: I know you go to pick him. You know he's
• 33:27
  Speaker 4: a tax lawyer, so no suspectives.
• 33:31
  Speaker 2: Of course he is. All right. I feel like we
• 33:34
  Speaker 2: have so much to learn from you. Obviously, I want
• 33:36
  Speaker 2: to ask about debt next, but we've actually just gone
• 33:39
  Speaker 2: through all of your mortgages, so we won't repeat them.
• 33:41
  Speaker 2: But do you have any other forms of debt?
• 33:44
  Speaker 4: The only other debt I have is my hex so
• 33:46
  Speaker 4: I paid off most of it before indexation, so I've
• 33:49
  Speaker 4: only got about three thousand dollars left.
• 33:52
  Speaker 2: Okay, And what's your plan for that three grand? Is
• 33:54
  Speaker 2: it just going to tick away? Is it going to
• 33:56
  Speaker 2: get smashed down?
• 33:57
  Speaker 4: Like?
• 33:57
  Speaker 2: What are we doing?
• 33:58
  Speaker 4: It will have to be paid off in this financial Yeah,
• 34:00
  Speaker 4: just du to my earnings.
• 34:01
  Speaker 2: It's going to be so easy, very very nice. I
• 34:05
  Speaker 2: hope people aren't like comparing themselves and being like twenty
• 34:08
  Speaker 2: one in absolutely screw you know what, She's the outlier,
• 34:12
  Speaker 2: She's the weird one. It's not us.
• 34:15
  Speaker 4: I'm the psycho, not everyone else.
• 34:18
  Speaker 2: But tell me what are your best money habits? Like
• 34:21
  Speaker 2: I want more than one from you because I just
• 34:24
  Speaker 2: feel like you are a wealth of knowledge.
• 34:26
  Speaker 4: So my big one is not living above your means.
• 34:30
  Speaker 4: So I obviously earn a decent amount of income, and
• 34:34
  Speaker 4: especially in real estate, a lot of people blow a
• 34:37
  Speaker 4: lot of money.
• 34:37
  Speaker 2: Yeah, what car do you drive?
• 34:38
  Speaker 4: I do drive an Audi Q three.
• 34:44
  Speaker 2: Yeah, you're like, I live above my means. I'm gonna
• 34:46
  Speaker 2: ask about her car. Now. I know what you do.
• 34:48
  Speaker 2: If you're in real estate, it's not a push.
• 34:50
  Speaker 4: Like, it's not it's not a rolls roy you know,
• 34:52
  Speaker 4: it's it's a nice car.
• 34:54
  Speaker 2: I mean, it's still an Oudiq three. That's a very
• 34:57
  Speaker 2: very nice car.
• 34:58
  Speaker 4: It is a nice car. And I didn't get on a loan,
• 35:00
  Speaker 4: so I was very good about that. But just in
• 35:02
  Speaker 4: terms of like we we don't go out to nice,
• 35:05
  Speaker 4: fancy dinners. My kind of nice thing to go out
• 35:08
  Speaker 4: to is like a nice like a breakfast, so we
• 35:11
  Speaker 4: don't go and spend I don't buy designer items. I
• 35:13
  Speaker 4: don't buy you know, really nice shoes and really nice
• 35:17
  Speaker 4: clothes like it. I don't spend a lot of money
• 35:19
  Speaker 4: in that materialistic kind of way. As per se. I
• 35:23
  Speaker 4: always do things in terms of like an investment. So
• 35:25
  Speaker 4: my car, it was like, Okay, when I turn up
• 35:27
  Speaker 4: to clients' houses, how do I want them to perceive me?
• 35:30
  Speaker 2: You know what? I think it's important. And at the
• 35:32
  Speaker 2: end of the day, I do laugh because, as I
• 35:34
  Speaker 2: said before, I have a number of friends in real estate.
• 35:36
  Speaker 2: I literally have a property podcast, so I've made heaps
• 35:38
  Speaker 2: more friends in real estate and they all have beautiful cars.
• 35:42
  Speaker 2: But one thing that I thought was really funny about
• 35:45
  Speaker 2: that is that you do actually park in front of
• 35:48
  Speaker 2: their house, and inherently clients are going to look at
• 35:52
  Speaker 2: you and go, oh, you're young already, you're female already.
• 35:54
  Speaker 2: That's genuinely going to put you on the back foot.
• 35:56
  Speaker 4: Yep.
• 35:56
  Speaker 2: But by turning up in a nice car, they go, well,
• 35:58
  Speaker 2: she can't be doing that bad, Like she must be
• 36:00
  Speaker 2: pretty good at her job and it should not be
• 36:03
  Speaker 2: like that, but it is, but it is.
• 36:05
  Speaker 1: It is.
• 36:06
  Speaker 4: People always ask they go and wears your car, and
• 36:09
  Speaker 4: like I was just embarrassed because had the high on
• 36:10
  Speaker 4: DI I thirty and I was like, oh, you know,
• 36:12
  Speaker 4: I'd park down the street. I wouldn't even park in
• 36:14
  Speaker 4: front of the.
• 36:15
  Speaker 2: House, and like, that's not an embarrassing car. But you
• 36:18
  Speaker 2: in real estate, often when someone is selling a high
• 36:21
  Speaker 2: value item like their house, yes, they want proof that
• 36:25
  Speaker 2: you have money as well, so that you're making you're
• 36:28
  Speaker 2: a good financial decision to them. It's very strange. It
• 36:31
  Speaker 2: was the same in the wealth space. Like thankfully I
• 36:34
  Speaker 2: didn't often drive out to clients' houses because as a
• 36:38
  Speaker 2: financial advisor, most of them would actually come to me.
• 36:41
  Speaker 2: But it was one of those things that like, even
• 36:43
  Speaker 2: when I did drive to clients meetings, I'd be like, oh,
• 36:46
  Speaker 2: I have this two thousand and six that all are
• 36:49
  Speaker 2: old car, which I adore and we're gonna have to
• 36:51
  Speaker 2: get rid of soon because turns out a two door
• 36:54
  Speaker 2: two thousand and six car is not going to work
• 36:56
  Speaker 2: for a new board. That's a story for another day.
• 37:00
  Speaker 2: But genuinely, every time I would turn up, I'd be like, Ah,
• 37:03
  Speaker 2: these clients are worth millions and I'm turning up in
• 37:05
  Speaker 2: a car worth probably max three grand? Like what's that
• 37:08
  Speaker 2: going to look like? And isn't it weird that we
• 37:10
  Speaker 2: have to have these conversations with ourselves.
• 37:12
  Speaker 4: It's a perception, but it as well. It made me
• 37:15
  Speaker 4: more confident too, turning up in the nicer car, Like
• 37:18
  Speaker 4: it is all about perception.
• 37:20
  Speaker 2: I couldn't agree more, even though I don't like that
• 37:23
  Speaker 2: that's the case. Yes, so you're not living beyond your means,
• 37:26
  Speaker 2: but you do to have a nice car. What other
• 37:28
  Speaker 2: brilliant money tips and tricks have you got for us?
• 37:31
  Speaker 4: I buy a lot of things online and so I
• 37:35
  Speaker 4: always wait for sale. I will never buy anything full price.
• 37:37
  Speaker 4: You will never see me buy anything full price, even
• 37:40
  Speaker 4: like Wooly's shopping, I go on to like that. I
• 37:42
  Speaker 4: do it all online. So I go into like the
• 37:44
  Speaker 4: special section and they've got the half price section, and
• 37:47
  Speaker 4: I'll shop that first shop, build my recipes around whatever
• 37:51
  Speaker 4: was half price. Do you put a pay full price
• 37:54
  Speaker 4: for groceries?
• 37:55
  Speaker 2: Why pay full price when you don't have to?
• 37:57
  Speaker 4: Exactly, not at all.
• 37:59
  Speaker 2: It's how you stay rich.
• 38:00
  Speaker 4: Literally, it's you know people, and I always get made
• 38:03
  Speaker 4: fun of is, Oh, why don't you spend so much money?
• 38:05
  Speaker 4: Why I need it? Well, I keep spending it all.
• 38:08
  Speaker 4: I'm not gonna have the money.
• 38:09
  Speaker 2: I'm sorry. I'm financially confident and comfortable, thank you sir.
• 38:13
  Speaker 4: Yes, but that's really my main things. It's just, yeah,
• 38:16
  Speaker 4: not doing silly spends like I enjoy myself sometimes and
• 38:20
  Speaker 4: my husband definitely balances me out, thank goodness. Otherwise I'd
• 38:23
  Speaker 4: probably still be eating you know, like past every night
• 38:26
  Speaker 4: with sausages because I didn't even couldn't afford mints at
• 38:28
  Speaker 4: the time either. But every now and again we might
• 38:33
  Speaker 4: buy a steak or salmon. So it's you know, really
• 38:36
  Speaker 4: living it up in the world.
• 38:37
  Speaker 2: That's a bit fancy. I like it. Now, let's bring
• 38:41
  Speaker 2: it down a little bit. What's your worst money habit?
• 38:43
  Speaker 4: Just kind of contradictionyok, to what I said, But my
• 38:46
  Speaker 4: worst money habit is I get a lot of anxiety
• 38:49
  Speaker 4: spending money in terms of if we went out to
• 38:52
  Speaker 4: a nice dinner, I can't look at the bill, I
• 38:54
  Speaker 4: can't look at the menu with prices because it makes
• 38:56
  Speaker 4: me so anxious spending that money. So it came to
• 39:00
  Speaker 4: a point where like we wouldn't go out and we
• 39:03
  Speaker 4: would have not arguments because we don't argue, but you know,
• 39:06
  Speaker 4: big discussions about it. Because my husband came from, you know,
• 39:10
  Speaker 4: a very well off family where they worked really hard
• 39:13
  Speaker 4: and they did things to have fun and show for that.
• 39:16
  Speaker 4: So yeah, that's my big kind of yeah, worst money
• 39:20
  Speaker 4: habit is. I've got major anxiety to the point where
• 39:22
  Speaker 4: I can't buy myself a coffee every day, cannot the
• 39:25
  Speaker 4: mentality behind it, cannot spend the five dollars to my coffee.
• 39:28
  Speaker 2: Where is that coming from? I feel like I know
• 39:30
  Speaker 2: where that's coming from, But do you know where?
• 39:32
  Speaker 4: It's definitely coming from? My childhood and not having a
• 39:34
  Speaker 4: lot of money. And that's I yes, I fear in
• 39:38
  Speaker 4: the back of my mind in terms of what if
• 39:41
  Speaker 4: that happens. You know, what if my commission based job
• 39:44
  Speaker 4: I stopped selling? What if I run out of money?
• 39:47
  Speaker 4: You know, that's it's such a big I guess fear
• 39:51
  Speaker 4: in my mind where it's not a reality. It's probably
• 39:54
  Speaker 4: not going to happen, but it could. And that's kind
• 39:57
  Speaker 4: of where that anxiety definitely can can see. That is.
• 40:01
  Speaker 2: And do you have I guess have you sat down
• 40:04
  Speaker 2: and been like, Okay, well I'm a bit anxious about money.
• 40:07
  Speaker 2: I have a really good emergency fund and build those
• 40:09
  Speaker 2: things up. Is that something that you know obviously because
• 40:12
  Speaker 2: we're a bit more anxious, Are those things maybe healthier
• 40:15
  Speaker 2: than the average bears?
• 40:17
  Speaker 4: Yes, it would definitely be healthier than the average person.
• 40:22
  Speaker 4: And yet I kind of just combat it by, you know,
• 40:25
  Speaker 4: letting my although we have complete joint finance, it's letting
• 40:28
  Speaker 4: him pay for dinner because in my mind it's not
• 40:31
  Speaker 4: coming from me. I'm not seeing the bill and things
• 40:34
  Speaker 4: like that, because I still do want to enjoy in it.
• 40:36
  Speaker 4: I do think it's become easier now having my daughter,
• 40:39
  Speaker 4: because then I'm like, oh, I'm doing it for her,
• 40:42
  Speaker 4: so it's not for me. We're going to this place
• 40:44
  Speaker 4: for her.
• 40:45
  Speaker 2: Yeah, okay, all right, Still something that I think you
• 40:48
  Speaker 2: probably should work on, Yes, because that would be helpful.
• 40:51
  Speaker 2: I can tell it brings a lot of anxiety, and
• 40:54
  Speaker 2: I think it's actually a really good I guess insight
• 40:57
  Speaker 2: as well that just because you earn heaps of money
• 41:00
  Speaker 2: doesn't automatically mean that you're super happy, super free, super
• 41:03
  Speaker 2: you know, confident with money. It just means that maybe
• 41:06
  Speaker 2: you have more to worry about because you've obviously bitten
• 41:09
  Speaker 2: off a lot. Like, at the end of the day,
• 41:12
  Speaker 2: is it unreasonable? No, Like with that type of income,
• 41:15
  Speaker 2: with those projections, having three properties makes a lot of sense.
• 41:18
  Speaker 2: But you do sometimes lay awake at night thinking about,
• 41:21
  Speaker 2: oh my gosh, think about I mean more than a
• 41:24
  Speaker 2: million dollars worth of debt, Like this is crazy, and
• 41:26
  Speaker 2: I do the same thing, and you've kind of got
• 41:29
  Speaker 2: to normalize it and me like, well, actually, at the
• 41:31
  Speaker 2: end of the day, we're never going to be in
• 41:33
  Speaker 2: the position that like you were in when you were
• 41:35
  Speaker 2: growing up. Like, it's just not the reality of the circumstance.
• 41:39
  Speaker 4: It's never going to be.
• 41:40
  Speaker 2: We can't tell yourself that at three am, can you.
• 41:43
  Speaker 4: No, it's not going to let me go to sleep.
• 41:45
  Speaker 2: No, exactly. All right, Well, at the start of this episode,
• 41:49
  Speaker 2: you told us that your money habits were in a
• 41:51
  Speaker 2: mis and far out yep, Okay, Like I'm not going
• 41:54
  Speaker 2: to disagree with you, but what would it take to
• 41:57
  Speaker 2: get to that?
• 41:57
  Speaker 4: A plus for me, I would like to learn a
• 42:02
  Speaker 4: little bit more about investing in other avenues, so whether
• 42:06
  Speaker 4: that's in businesses or the share market, or a little
• 42:09
  Speaker 4: bit more about that rather than putting all my eggs
• 42:12
  Speaker 4: in property, because that's what I'm comfortable with and that's
• 42:14
  Speaker 4: what I know, and kind of getting over that anxiety
• 42:17
  Speaker 4: spending and just having a little bit more per se
• 42:20
  Speaker 4: fun in terms of I work really really hard and
• 42:24
  Speaker 4: I can't just you know, work to live. I do
• 42:27
  Speaker 4: have to just live a little as well.
• 42:29
  Speaker 2: Yeah, I love that. I genuinely love that, and I
• 42:31
  Speaker 2: think it's so important. And you've got so much time
• 42:34
  Speaker 2: to make that happen as well.
• 42:36
  Speaker 4: I do, Like you're still a baby. I've got a
• 42:40
  Speaker 4: little bit of time to make sure that all kind
• 42:43
  Speaker 4: of creases out by the time I'm ready to retire
• 42:46
  Speaker 4: and live life a little bit more as well.
• 42:48
  Speaker 2: Oh my gosh, what like tomorrow, because like that that
• 42:51
  Speaker 2: wouldn't surprise me.
• 42:52
  Speaker 4: Honestly, I think I'm want to be the person who
• 42:53
  Speaker 4: will never be able to retire. I'm just so afraid
• 42:55
  Speaker 4: of that.
• 42:57
  Speaker 2: Yeah, same, don't worry like if you said that you
• 42:59
  Speaker 2: can't work anymore? But what is my purpose in life?
• 43:01
  Speaker 4: What do I do every day?
• 43:03
  Speaker 2: What do I do every day? Like I just gardening? No,
• 43:05
  Speaker 2: I can't do gardening? What do you mean?
• 43:08
  Speaker 1: So?
• 43:08
  Speaker 2: No, I completely understand that, but oh my gosh, sadly
• 43:12
  Speaker 2: we have run out of time. Thank you so much
• 43:15
  Speaker 2: for sharing that with us and being so open and
• 43:16
  Speaker 2: so transparent and putting up with all of my I
• 43:19
  Speaker 2: guess pervy questions from money to maternity, Like I just
• 43:22
  Speaker 2: there was a lot there, and I'm really grateful for
• 43:25
  Speaker 2: the insights. And I know that everyone listening to this
• 43:27
  Speaker 2: is going to be equally as grateful.
• 43:29
  Speaker 4: No, thank you so much.
• 43:37
  Speaker 5: The advice shared on She's on the Money is general
• 43:39
  Speaker 5: in nature and does not consider your individual circumstances. She's
• 43:43
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• 43:47
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• 43:50
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• 43:53
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• 43:56
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