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MONEY DIARIES: Riding the Redundancy Rollercoaster...& Ruling! · She's On The Money

0:00
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 generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it. She's on the Money, She's on
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Speaker 2: the Money.
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Speaker 3: Hello, and welcome to She's on the Money, the podcast
1:01
Speaker 3: for millennials who want financial freedom. Welcome back to another
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Speaker 3: one of our money diaries where we get to talk
1:07
Speaker 3: to one of our incredible She's on the Money community
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Speaker 3: members all about their money story. Let's jump straight into it,
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Speaker 3: because this week I got a message and it went
1:16
Speaker 3: like this, Hi, She's on the Money.
1:18
Speaker 2: Growing up in the UK, my.
1:20
Speaker 3: Dad got injured and couldn't work, so my mom had
1:22
Speaker 3: to work two jobs to support us.
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Speaker 2: Money was the cause of most arguments. Now I own
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Speaker 2: a house.
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Speaker 3: That has an Airbnb and I'm saving for another investment
1:32
Speaker 3: property plus a honeymoon. The past year has been a
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Speaker 3: roller coaster. We got engaged and then got married three
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Speaker 3: months later, found huge structural issues with our home, and
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Speaker 3: I got made redundant twice. Money Diarist, Welcome to the show.
1:50
Speaker 3: When you said it's been a roller coaster, you were
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Speaker 3: not lying.
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Speaker 4: Yeah, it's been a big year to eighteen months.
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Speaker 2: Oh my gosh. Yes, let's dive straight in.
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Speaker 3: The First question I have been asking recently is about
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Speaker 3: your money grade. So I want to know what grade
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Speaker 3: would you give your money habits on a scale of
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Speaker 3: A through to F.
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Speaker 5: I'd say I'm a B A B all right, I.
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Speaker 3: Want to know now though you said you grew up
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Speaker 3: in the UK and your dad got injured and you
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Speaker 3: couldn't work and your mom had two jobs. Can you
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Speaker 3: tell us a little bit more about your money story.
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Speaker 5: Yeah.
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Speaker 4: So I love money. I love the freedom and the
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Speaker 4: independence that it can bring. But I grew up with
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Speaker 4: a scarcity mindset and it's definitely still present and it's
2:34
Speaker 4: something that I'm trying to work through and trying to
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Speaker 4: focus on having more of an abundance mindset. I am
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Speaker 4: definitely of the belief that money can always be replaced
2:45
Speaker 4: and it can be earned, but I also get very
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Speaker 4: attached to my money and how I spend it.
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Speaker 2: That's very relatable, that's very similar to me.
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Speaker 3: What was it like growing up with a mum who
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Speaker 3: had to work two jobs to port your family.
3:01
Speaker 5: Yeah, it was tough.
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Speaker 4: My dad was injured so he couldn't work and was
3:06
Speaker 4: studying but spent a lot of time just you know,
3:10
Speaker 4: unable to move in bed. So she had to look
3:13
Speaker 4: after us too, kids and him, and work jobs that
3:17
Speaker 4: worked around being able to do the school runs and
3:20
Speaker 4: all of that sort of stuff, and so it was
3:22
Speaker 4: really tough. We didn't have much money, and I was
3:26
Speaker 4: definitely I don't feel like I missed out on things,
3:30
Speaker 4: but I was aware that, you know, the stuff that
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Speaker 4: I had wasn't as good as the stuff that the
3:35
Speaker 4: kids in school had. I remember, you know, being embarrassed
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Speaker 4: about the brands of foods that I had in my
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Speaker 4: lunch box, and you know, people not wanting to swap
3:44
Speaker 4: the packet of crisps or chips with me because you know,
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Speaker 4: they were the brand that was considered less quality.
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Speaker 3: Isn't it wild that even kids understand that. And nowadays,
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Speaker 3: I don't know about your money, darist, but I'm like,
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Speaker 3: which is the cheapest we're just getting that doesn't actually
4:02
Speaker 3: matter to me what it is. I'm like, if they're
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Speaker 3: plane chips, we're just getting the plane chips. Like I
4:08
Speaker 3: could not care less. But I totally resonate with that
4:11
Speaker 3: because I remember I used to get like me and
4:14
Speaker 3: Grade two would get so frustrated if Mum didn't buy
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Speaker 3: the Smith's brand of chips and she went and bought
4:20
Speaker 3: like the home brand brand of chips. She'd be like, Victoria,
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Speaker 3: they're the same, and I'd be like, you don't understand this.
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Speaker 3: Sad a symbol in my lunch box. It's wild, isn't it,
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Speaker 3: because it's it's such a smart money saving hack, Like
4:31
Speaker 3: why wouldn't we buy that one? But it's yeah, it's
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Speaker 3: one of those things that I feel like it does
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Speaker 3: change the narrative around the way that you grow up.
4:40
Speaker 3: What did that look like as you got older?
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Speaker 4: Things definitely changed as I got older. So by the
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Speaker 4: time I was in my teens, my dad had managed
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Speaker 4: to get a degree and you know, have a business
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Speaker 4: and was teaching, and yeah, things changed pretty dramatically. And
4:57
Speaker 4: now he's doing so well, but he still has lots
5:01
Speaker 4: of you know, issues with its injury and has to
5:04
Speaker 4: spend a lot of time resting. But yeah, things have
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Speaker 4: dramatically changed for them, but he still has the you know,
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Speaker 4: the scarcity mindset and is very I guess what we
5:15
Speaker 4: would call tight with his money. That's how we would
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Speaker 4: describe it where I'm from.
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Speaker 3: Yeah, do you think that that is something that was
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Speaker 3: ingrained in their upbringing as well? Or do you think
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Speaker 3: that that was a product of your dad's injury.
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Speaker 4: So back through my dad's history, his dad was a
5:34
Speaker 4: gambler and drank a lot, and so he didn't like
5:39
Speaker 4: he would often spend all of his week's earnings before
5:44
Speaker 4: the family had chance to you know, buy food and
5:47
Speaker 4: do all that kind of stuff. So I think it's
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Speaker 4: definitely stemmed from not having money growing up.
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Speaker 3: Where do you think your mindset is coming from then,
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Speaker 3: because I don't know. You sound like a very very
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Speaker 3: good She's on the money List night in that you're
6:02
Speaker 3: saying all of the right things, right, You're like, it's
6:04
Speaker 3: been a rollercoaster, but I'm doing this, I'm doing that.
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Speaker 3: I'm really trying to work on changing my mindset from
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Speaker 3: a scarcity mindset to an abundance mindset.
6:12
Speaker 2: And I feel like.
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Speaker 3: Our parents and often when I talk to money diarists,
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Speaker 3: their parents aren't often on that train. Where do you
6:19
Speaker 3: think this want for a different money lifestyle has come from?
6:23
Speaker 3: Because obviously finances can be systemic, like they can just
6:28
Speaker 3: be handed down money stories.
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Speaker 4: I think there's three parts to it. I think the
6:34
Speaker 4: first part is my mum's always told us to well.
6:37
Speaker 4: First of all, it was to go to UNI and
6:39
Speaker 4: get a good job and don't sort of get the
6:41
Speaker 4: dead end jobs that she had to do. Although I
6:44
Speaker 4: went to UNI and dropped out after a few months,
6:46
Speaker 4: that didn't really for me for me, And then I
6:51
Speaker 4: guess the second part of that is I've always been
6:54
Speaker 4: fiercely independent. I've always wanted to earn my own money
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Speaker 4: and work from a young age, didn't really want help
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Speaker 4: from anybody. And then the third part is when I
7:05
Speaker 4: first moved to Australia, I was a backpacker and I
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Speaker 4: got handed an amazing opportunity to manage a business and
7:12
Speaker 4: then actually just to have the business. Oh yeah, it's strange.
7:18
Speaker 4: It was a husband and wife business and she didn't
7:20
Speaker 4: want to be part of the business anymore. So I
7:23
Speaker 4: was going to become the manager and she started teaching me,
7:27
Speaker 4: and then they went through an awful time and were
7:30
Speaker 4: having a divorce, and.
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Speaker 5: So she just said, look, just take it.
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Speaker 4: You and him have it fifty to fifty and I
7:38
Speaker 4: just want him to be able to, you know, continue
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Speaker 4: to earn money and be around for his kids. And
7:43
Speaker 4: that opportunity was really scary. And I remember talking to
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Speaker 4: my older brother and he said, we can do anything
7:49
Speaker 4: we put out mind to and think of like what
7:52
Speaker 4: this opportunity could be. And so that's yeah, I think
7:56
Speaker 4: those are the few things that have really shaped my
7:59
Speaker 4: mindset before I've then found she's on the money. I
8:04
Speaker 4: worked in the property industry and investment and so there's
8:08
Speaker 4: been some things more recently that have helped to keep
8:11
Speaker 4: me on that track, but I think those are the
8:12
Speaker 4: fundamental where there's been big shifts.
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Speaker 3: Oh my gosh, what an opportunity comes to Australia as
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Speaker 3: a backpacker gets offered an entire business, Just take it,
8:23
Speaker 3: just take it.
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Speaker 2: Oh my gosh.
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Speaker 5: Yeah, it was crazy.
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Speaker 4: I definitely got thrown in the deep end and had
8:30
Speaker 4: to like sink or swim kind of situation. It was
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Speaker 4: exciting but very scary, and she was still there, like
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Speaker 4: she still was there for anything really big and hard
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Speaker 4: and confusing, and was sort of a mentor to me
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Speaker 4: in those situations. But knowing what she was going through
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Speaker 4: with the divorce, I really didn't want to be in
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Speaker 4: touch or need her help unless it was really really lisiary.
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Speaker 3: Yeah that's fair. Are you still involved in that business?
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Speaker 1: No.
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Speaker 4: I ran the business for about ten years and then
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Speaker 4: it was an entertainment business, so COVID had a big
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Speaker 4: impact on the business.
9:09
Speaker 2: Would have wow.
9:10
Speaker 4: But I was definitely ready for a change for a
9:12
Speaker 4: long time before that, and COVID gave me the opportunity
9:16
Speaker 4: to be able to do that.
9:17
Speaker 5: For a number of reasons.
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Speaker 4: So first of all, we had to plan so far
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Speaker 4: in advance, so we planned like a year in advance
9:23
Speaker 4: of events, so there was never really a good time
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Speaker 4: to step away. But obviously COVID meant lots of things
9:30
Speaker 4: were canceled, and then we had the job keeper payments,
9:35
Speaker 4: so I was able to earn the job keeper payments
9:38
Speaker 4: that then also bring someone else on to take on
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Speaker 4: the manager role and pay them and teach them and
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Speaker 4: eventually sell the business to my business partner, so he
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Speaker 4: owns it completely now and hand it off to them.
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Speaker 2: How cool. I love this.
9:53
Speaker 3: I'm so excited about this diary and I haven't even
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Speaker 3: asked the official second question.
9:59
Speaker 2: This is I'm so invested.
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Speaker 3: I want to know now though obviously COVID changed things
10:05
Speaker 3: and you're now in a different area.
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Speaker 2: What do you now do for work? How much money
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Speaker 2: are you earning?
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Speaker 4: So I'm now an operations support manager for a not
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Speaker 4: for profit, so I earn ninety thousand dollars plus super.
10:20
Speaker 4: But then as working for a not for profit, I
10:22
Speaker 4: get to have a portion of my income tax free. Yeah,
10:27
Speaker 4: i'd salary sacrifice part of my income, which is great.
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Speaker 2: So how does that work? Like, how have you structured that?
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Speaker 3: Because I think a lot of people go great, I
10:35
Speaker 3: can salary sacrifice, but then they might not set it
10:39
Speaker 3: up in the best possible way.
10:40
Speaker 2: How have you structured yours?
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Speaker 4: So it works out to be about six hundred and
10:44
Speaker 4: eleven dollars a fortnight, and I put that towards my mortgage,
10:49
Speaker 4: but essentially it just gets paid into my main bank account.
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Speaker 5: But yeah, it's allocated to mortgage.
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Speaker 4: So you're allowed fifteen nine hundred dollars a year for
11:01
Speaker 4: something like that, and then you can also do I
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Speaker 4: think it's twenty six hundred and fifty dollars onto like
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Speaker 4: a meals and entertainment card which works out aboute hundred
11:11
Speaker 4: dollars a fortnight. And so then I use that for,
11:14
Speaker 4: you know, whenever we're eating out.
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Speaker 2: Oh my gosh, how good.
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Speaker 3: Yes, that's a bit of a money win and something
11:21
Speaker 3: that I feel like would work out really well with
11:24
Speaker 3: the meals and entertainment card. I am very aware that
11:27
Speaker 3: you're not allowed to use it for things like groceries.
11:30
Speaker 3: Actually has to be meals and entertainment out. Do you
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Speaker 3: find that, you know, what is it like about fifty
11:36
Speaker 3: dollars a week ish? Are you actually spending that or
11:38
Speaker 3: do you think it actually forces you to go out
11:40
Speaker 3: and actually have date nights and stuff like that.
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Speaker 4: So it's called a fringe benefit's TAXI that's just begun
11:46
Speaker 4: this month April, so previous to that, because I was
11:50
Speaker 4: only in the job for about four months of the
11:53
Speaker 4: last fringe benefits tax you, yep, I claimed that whole
11:57
Speaker 4: amount over that four months.
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Speaker 2: Oh money.
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Speaker 4: It was getting about three hundred dollars a fortnight towards
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Speaker 4: food towards you know, the meals, and about seventeen hundred
12:08
Speaker 4: dollars I think a fortnight towards my mortgage. It was great.
12:12
Speaker 4: Last year was great. I was worried about the change
12:15
Speaker 4: and what it would.
12:15
Speaker 2: Mean going back to normal as yes.
12:18
Speaker 4: And I think it's about two hundred dollars a week
12:21
Speaker 4: less off now.
12:23
Speaker 5: But it's still great.
12:24
Speaker 4: But yeah, we were getting about three hundred dollars a
12:27
Speaker 4: week and we actually were able to save that up
12:30
Speaker 4: and pay for the catering or part of the catering
12:33
Speaker 4: for our wedding.
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Speaker 3: Oh my gosh, somat, so you are using it intelligently.
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Speaker 2: I love to see this, I am.
12:43
Speaker 4: But then the wedding finished and there was quite a
12:45
Speaker 4: lot of money building up, so we had some really
12:47
Speaker 4: fancy date nights, which oh cute, not mad about. We
12:50
Speaker 4: like to have a good date night.
12:51
Speaker 3: I appreciate that as well. When it counter planning for
12:55
Speaker 3: your wedding, obviously that's a good money saving hack and tip.
13:00
Speaker 3: What did your wedding end up costing? Because in your
13:03
Speaker 3: letter into us you said we got engaged and we
13:05
Speaker 3: got married three months later.
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Speaker 2: That's not a lot of planning time.
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Speaker 3: I planned my wedding in twelve months, and I thought
13:11
Speaker 3: that wasn't enough time.
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Speaker 4: Yeah, we didn't realize I think when we took on that,
13:18
Speaker 4: I think we spent the first month just trying to
13:20
Speaker 4: figure out what we wanted to do, when we wanted
13:22
Speaker 4: to get married, where we wanted to get married, with
13:24
Speaker 4: both from the UK, so our family is largely based there.
13:29
Speaker 5: And then my.
13:30
Speaker 4: Husband's parents were visiting and his auntie and uncle were
13:33
Speaker 4: visiting in January February, and we didn't want to make
13:37
Speaker 4: them come out again, and we just thought, let's just
13:40
Speaker 4: do it while they're here. So my parents flew out
13:44
Speaker 4: as well.
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Speaker 2: Oh my gosh, how lucky.
13:46
Speaker 5: Yeah, and we kept it really small.
13:49
Speaker 4: We had thirty four guests there, which definitely helped keep
13:53
Speaker 4: the cost down. So we lived in Queensland, and about
13:58
Speaker 4: eighteen months ago we relocated to say South Australia, So
14:01
Speaker 4: we went back to Queensland to get married where most
14:03
Speaker 4: of our friends still are and my brother lives there.
14:07
Speaker 4: And so the wedding cost about eighteen thousand dollars, but
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Speaker 4: that doesn't include any of the travel costs.
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Speaker 2: Do you know what? That is such a reasonable price
14:16
Speaker 2: for a wedding these.
14:17
Speaker 4: Days, I wanted to do it for ten thousand dollars
14:20
Speaker 4: and I realized very quickly that that wasn't possible. But
14:23
Speaker 4: we had, you know, all the main things that we
14:25
Speaker 4: really wanted, and yeah, it went really well.
14:28
Speaker 3: What blew out the most? What took it from your
14:31
Speaker 3: expectation of hoping it would be ten thousand dollars to
14:34
Speaker 3: being eighteen. What was the biggest surprise?
14:36
Speaker 4: It was the venue. So we were going to just
14:39
Speaker 4: get married on the beach and then go to a
14:42
Speaker 4: restaurant and hire out the restaurant and have dinner and
14:44
Speaker 4: drinks there. But we while reassoching, we came across a
14:48
Speaker 4: venue that was right on the beach that you could
14:51
Speaker 4: have the wedding there and then just walk inside.
14:54
Speaker 2: And oh, of perfect.
14:56
Speaker 5: It was a lot more.
14:57
Speaker 4: Expensive, but I just fell in love, like the right
15:00
Speaker 4: thing to do, so that's what we went with love.
15:03
Speaker 3: I'll have to ask for some photos later. I am
15:05
Speaker 3: so wedding obsessed, it's not funny. So the wedding's over.
15:10
Speaker 3: You've obviously got some structural issues with your home at
15:13
Speaker 3: the moment, which I'm going to ask about in a minute,
15:15
Speaker 3: but I want to know what is.
15:16
Speaker 2: Currently your big money goal, what are you working towards.
15:19
Speaker 4: We have an airbnb at the house that we live
15:21
Speaker 4: in now, so it's a separate dwelling and we would
15:25
Speaker 4: like to have another airbnb, so that's been the goal
15:30
Speaker 4: for a while, and we want to buy one in
15:33
Speaker 4: Queensland because we eventually will move back there. So we're
15:39
Speaker 4: trying to figure out how much the work and the
15:41
Speaker 4: house is going to cost to you know, how much
15:43
Speaker 4: we've got available, and how long it's going to take.
15:45
Speaker 5: Us to be able to do that.
15:48
Speaker 4: But the second one is that I am starting a business.
15:52
Speaker 3: Oh my gosh, of course you are, yes, of course
15:55
Speaker 3: you are lucky.
15:55
Speaker 2: You didn't have enough on.
15:57
Speaker 4: So yeah, I tried to start a business, said the
16:00
Speaker 4: mid last year, and got made redundant and so decided
16:04
Speaker 4: to find another job and you know, get myself on
16:08
Speaker 4: my feet, and then we got engaged in marriage and
16:11
Speaker 4: all that stuff happened. So I'm back to having time
16:15
Speaker 4: to think about the business now. The business just registered
16:18
Speaker 4: about an hour ago. Email sistered.
16:23
Speaker 3: Isn't that the best feeling ever? It's like the ball
16:26
Speaker 3: has started rolling, my friend.
16:28
Speaker 4: Yeah, it's awesome. So we're just working on finalizing the
16:33
Speaker 4: website and all of that sort of stuff. So I
16:35
Speaker 4: guess the plan is to eventually replace my income with
16:40
Speaker 4: my new business, or at least be able to work
16:43
Speaker 4: on that three days a week and be able to
16:44
Speaker 4: you know, continue with my current employer a couple of
16:47
Speaker 4: days a week.
16:48
Speaker 5: Two.
16:48
Speaker 2: How exciting.
16:49
Speaker 3: So obviously starting business is a really big undertaking. What
16:53
Speaker 3: are your main motivations for this? You said, you know,
16:56
Speaker 3: replacing your income?
16:57
Speaker 5: Is it?
16:57
Speaker 3: Like more flexibility? Is it so you can travel? Is
17:00
Speaker 3: so you can start a family?
17:01
Speaker 5: Like?
17:01
Speaker 2: What does that look like for you?
17:03
Speaker 4: Yeah, it's all of the above. Before COVID, we wanted
17:06
Speaker 4: to go and live in Asia for a few months
17:09
Speaker 4: and that then obviously COVID prevented that. But we had
17:12
Speaker 4: the perfect setup. So my partner has a business as well,
17:16
Speaker 4: and I was working, you know, I had my entertainment business,
17:19
Speaker 4: so we could have just done that overseas.
17:24
Speaker 2: How cool you guys sound so fun?
17:29
Speaker 4: Yeah, we we're definitely adventurers. I think I'd love to
17:33
Speaker 4: do that, Like I still have that part of me
17:35
Speaker 4: hasn't been fulfilled. We did build a camper van and
17:39
Speaker 4: travel Australia for a little bit. As like the we
17:42
Speaker 4: can't go to Asia so let's do this instead. But
17:45
Speaker 4: it was a complete disaster. Why, oh, just it was
17:48
Speaker 4: so hard building a camper van. Like my husband's amazing,
17:52
Speaker 4: but he doesn't have any you know, background or skills
17:56
Speaker 4: in that area.
17:56
Speaker 5: He just youtubes and figures stuff.
17:58
Speaker 2: Out exactly how I would do it.
18:00
Speaker 4: Yeah, and I did say, you know, from the beginning,
18:03
Speaker 4: that it would be something he would do when I'll
18:06
Speaker 4: just watch and I'll you know, be the cheerleader. But
18:09
Speaker 4: our expectations are very different. So he was found it
18:12
Speaker 4: really difficult that I wasn't as invested or like, had
18:15
Speaker 4: as much energy or for the build as he did
18:19
Speaker 4: in the beginning I did. And then it took way
18:21
Speaker 4: longer than I wanted it to, so it became really
18:24
Speaker 4: really hard.
18:25
Speaker 5: And then we set off.
18:27
Speaker 4: Much later than expected, so it was much hotter than expected,
18:32
Speaker 4: and the dog hated it.
18:34
Speaker 2: Oh no, why, it.
18:37
Speaker 4: Just wasn't enough room in there for him to maneuver,
18:40
Speaker 4: so he kept hitting himself, and he just didn't want
18:43
Speaker 4: to be inside, so just wanted to be outside all
18:45
Speaker 4: the time, and it was too hot for him to
18:47
Speaker 4: be outside. So it was just it just wasn't what
18:50
Speaker 4: we envisioned it to be. So it didn't satisfy that
18:54
Speaker 4: itch of you know, being away from home and you know,
18:59
Speaker 4: having citing new things every day. That's still something that
19:03
Speaker 4: I want to do. So I guess this is starting
19:05
Speaker 4: this business is one way to get that. But also
19:09
Speaker 4: we are wanting to start a family. And I thought, well,
19:12
Speaker 4: I'll just wait until you know, I'm on maternity leave
19:15
Speaker 4: to start this business. But I think I just had
19:19
Speaker 4: to reframe it in my mind that maybe I don't
19:22
Speaker 4: need to have the maternity leave pay from my work.
19:25
Speaker 5: Maybe I do.
19:26
Speaker 4: You can create and start it, maybe I can build it.
19:29
Speaker 4: Maybe I can do it slowly. You know, there's there's
19:32
Speaker 4: there's lots of options. And my husband's happy to step
19:35
Speaker 4: in and help manage the business, you know if I am.
19:40
Speaker 5: On maternity leave.
19:41
Speaker 4: So yeah, we just thought we'll give it, give it
19:43
Speaker 4: a try, and see what happened.
19:44
Speaker 2: Oh how cool? I love this.
19:47
Speaker 3: You are so much more adventurous than I will ever be,
19:50
Speaker 3: and I'm so envious, Like it just sounds so cool
19:53
Speaker 3: to go, oh yeah, we're going to go live in Asia.
19:55
Speaker 3: I'm like, I could not convince my husband even if
19:57
Speaker 3: I tried, Even if I tried, Like that is so
20:00
Speaker 3: awesome though I'm obsessed with it all right, I've got
20:03
Speaker 3: a lot of questions. I want to talk more about
20:05
Speaker 3: your campervan, how much that cost, what that journey looked like.
20:09
Speaker 2: And I also want.
20:10
Speaker 3: To discuss investments and debts and best and worse money habits,
20:13
Speaker 3: so guys do not go anywhere money diarist. Let's dive
20:21
Speaker 3: straight back into this with a nonstructured question. You mentioned
20:24
Speaker 3: before you built a camper van. Right, Obviously that was
20:28
Speaker 3: not the best decision you've ever ever made in your life,
20:31
Speaker 3: as it turns out. But I feel like in the
20:33
Speaker 3: age of TikTok and Instagram and after covid, I have
20:37
Speaker 3: romanticized fan living so much like you've just broken it
20:41
Speaker 3: for me.
20:41
Speaker 2: I'm really sorry.
20:42
Speaker 3: Like in my head I was like, I can grab
20:43
Speaker 3: the dog, maybe the cats could come. We can have
20:46
Speaker 3: a van, we can travel around Australia. We can be
20:48
Speaker 3: no bads. It's going to be amazing. Tell me about
20:52
Speaker 3: how much this actually cost to do, because I know
20:55
Speaker 3: it's still cost effective, but I don't think it's as
20:57
Speaker 3: cheap as people think it is.
20:59
Speaker 4: Yeah, so we bought the van, I think for about
21:01
Speaker 4: twenty thousand dollars and we spent probably about fifteen to
21:07
Speaker 4: eighteen thousand dollars actually.
21:09
Speaker 5: Fitting it out.
21:10
Speaker 2: Wow.
21:11
Speaker 4: Yeah, So we were still working on it even when
21:13
Speaker 4: we were on the road because our rental place had
21:16
Speaker 4: like come to an end and we had to move
21:18
Speaker 4: out and we were very close, so we were still adding
21:20
Speaker 4: shelves and you know, trying to have all these little
21:23
Speaker 4: nooks and crannies where we can actually store the things
21:25
Speaker 4: that we need. So yeah, we were still messing around
21:28
Speaker 4: with it when we set off. But yeah, the plan
21:31
Speaker 4: was we tried to make it stealthy so that we could,
21:34
Speaker 4: you know, be wherever we wanted to be and not
21:36
Speaker 4: have to pay to stay somewhere every night.
21:38
Speaker 3: Yes, smart, smart, I've seen on TikTok. I know exactly
21:41
Speaker 3: what you're talking about.
21:43
Speaker 2: I'm on this.
21:44
Speaker 4: But we got very nervous, so we were like, we
21:46
Speaker 4: don't want to just park outside somebody's house and sleep here,
21:50
Speaker 4: and this is strange and we can't find, you know,
21:52
Speaker 4: a really flat area and we'd get it really frustrated
21:56
Speaker 4: with it, so we just ended up staying in campsites. Yeah,
22:00
Speaker 4: like ninety nine percent of the time. And we were
22:03
Speaker 4: heading north Queensland, so I think we left maybe in
22:07
Speaker 4: October or November. So by the time we got to
22:11
Speaker 4: like the early beach kind of area, it was way
22:14
Speaker 4: too hot on humid to stay in a van.
22:16
Speaker 2: I was about to say, it would be so stinking hot.
22:20
Speaker 4: Yeah, and the dog just really wasn't happy. He just
22:23
Speaker 4: wanted to be outside all the time, but there was
22:25
Speaker 4: no shade for him. He wouldn't go in the tenth
22:28
Speaker 4: that we bought.
22:28
Speaker 5: You know.
22:28
Speaker 4: We tried all these different things to make it more
22:31
Speaker 4: comfortable for him, but he wasn't happy. So we ended
22:34
Speaker 4: up staying in cabins at campsites that were pet friendly.
22:41
Speaker 4: So they were like the really old, daggy, horrible places.
22:46
Speaker 3: Yeah, but they also would have been expensive because the
22:48
Speaker 3: second do you say pet friendly, you put like an
22:52
Speaker 3: extra zero on things.
22:53
Speaker 2: It's like the wedding tax, but it's the pit tax.
22:56
Speaker 5: Yes.
22:57
Speaker 4: I was so excited about the money wins that I
22:59
Speaker 4: would get from, you know, not having to pay rents
23:02
Speaker 4: and how much can we save and all of this stuff,
23:04
Speaker 4: and then yeah, it didn't quite work out like that.
23:06
Speaker 3: And then you had your van and you were paying
23:09
Speaker 3: for cabins. It would have been a money loss, But
23:12
Speaker 3: did you have fun at least some of the time.
23:15
Speaker 4: Oh, we did have some fun. We did have some fun.
23:19
Speaker 4: But yeah, it's very hard to travel with pets, I think,
23:22
Speaker 4: because you can't really leave them, so you constantly have
23:25
Speaker 4: to have somebody with them, so it really limits what
23:28
Speaker 4: you can do. Yeah, but I don't regret it. I
23:31
Speaker 4: think we learned a lot and we went through a
23:33
Speaker 4: really hard time that we got through it and we
23:37
Speaker 4: got married after all that.
23:38
Speaker 5: It was lots of arguments.
23:39
Speaker 3: If you can live in a van with somebody with
23:42
Speaker 3: a dog who doesn't even want to be there and
23:45
Speaker 3: still want to marry the person after like, to me,
23:47
Speaker 3: that's the right person. You're marrying the right person.
23:50
Speaker 2: Yes, Oh, how good?
23:53
Speaker 5: All right?
23:53
Speaker 3: I want to know, let's change tune of this conversation
23:57
Speaker 3: because I feel like maybe the van wasn't the best investment.
24:00
Speaker 2: Actually, did you sell it? Have you still got it?
24:02
Speaker 4: So we sold it and it was the best investment.
24:05
Speaker 2: Actually, I was wondering.
24:07
Speaker 4: We took out I think we had credit cards to
24:09
Speaker 4: be able to pay for it, so we managed to
24:12
Speaker 4: pay them all off. So we had an asset that
24:15
Speaker 4: was worth forty thousand dollars. So we sold it for
24:17
Speaker 4: about forty or forty two thousand dollars something like that.
24:20
Speaker 4: By the time we'd taken all the costs into consideration,
24:23
Speaker 4: we didn't really make anything and we spent a lot
24:26
Speaker 4: of our time building it. But yeah, we didn't lose anything.
24:30
Speaker 4: But so then that gave us a good chunk of money.
24:34
Speaker 4: Plus I'd sold my house around the same time, and
24:38
Speaker 4: it helped us to be able to buy the house
24:40
Speaker 4: we now live in.
24:41
Speaker 3: Oh hell cool. Yeah, that's the next question I have
24:45
Speaker 3: for you. I wo don't know do you have any investments.
24:47
Speaker 3: Obviously you have your Airbnb one, I want to know
24:50
Speaker 3: more about that, But do you have any other investments
24:52
Speaker 3: apart from that?
24:53
Speaker 4: Yes, so I partly own a house back in the
24:58
Speaker 4: UK with my dad or with my parents. So, like
25:02
Speaker 4: I said, dad is now doing much better. His business
25:05
Speaker 4: is going really really well, and so he has bought
25:09
Speaker 4: the house that like our house backs onto so he
25:14
Speaker 4: can look out the window and see the house that
25:16
Speaker 4: he's bought.
25:17
Speaker 2: How cool is that? Yes, that is very cool.
25:21
Speaker 4: So I have a part ownership in that. It's about
25:25
Speaker 4: a fourth or a fifth of the house. So the
25:28
Speaker 4: money that I get from that, which isn't a lot
25:31
Speaker 4: about in pounds about one hundred pounds a month, but
25:34
Speaker 4: that money just sits in the account and builds up
25:37
Speaker 4: and that's us spending money whenever we go back to
25:40
Speaker 4: the UK to visit.
25:41
Speaker 2: Oh, how good.
25:42
Speaker 3: That's so smart because like the transfer fees would be
25:45
Speaker 3: quite pricey, and to be honest, you don't get a
25:48
Speaker 3: whole lot when transferring out of pounds and into aud
25:51
Speaker 3: at this point in time.
25:52
Speaker 2: It's not that sexy.
25:54
Speaker 4: Yeah, so it's you know, it works really well for us.
25:56
Speaker 5: It means that we.
25:58
Speaker 4: Have to pay for our flights, but then when we're there,
26:00
Speaker 4: we pretty much have all of our spending money when
26:03
Speaker 4: we visit, which happens probably every two years.
26:07
Speaker 3: How good. Tell me about your airbnb. I feel like
26:11
Speaker 3: this is such a smart way to invest. It's a
26:15
Speaker 3: bit of a topical way to invest at the moment.
26:17
Speaker 3: But you said you have a separate dwelling on the
26:20
Speaker 3: property that you own and live in.
26:22
Speaker 2: How does that work?
26:23
Speaker 4: So we bought this property that had a converted two
26:27
Speaker 4: story garage, so it was already converted into a house.
26:33
Speaker 4: So it has a bedroom, a bathroom, a living area,
26:37
Speaker 4: a kitchen, a separate driveway with parking, so it has
26:41
Speaker 4: everything that you could need. It's actually really really nice.
26:46
Speaker 4: It's really cute and very bright, and we live in
26:49
Speaker 4: the Hills area, so there's lots of trees and greenery around,
26:54
Speaker 4: so it does really well. We have guests for the
26:58
Speaker 4: majority of the time, might be you know, four or
27:01
Speaker 4: five nights a month.
27:03
Speaker 2: That's really booked that much.
27:05
Speaker 3: Yeah, oh my gosh, that is not what I expected
27:08
Speaker 3: you to say.
27:10
Speaker 5: Yeah, it's great.
27:11
Speaker 4: And we live in an area that it's nice to
27:14
Speaker 4: visit in winter, so even through winter we get like
27:18
Speaker 4: really good stays. We earn about four thousand dollars a
27:23
Speaker 4: month from it, sometimes four and a half, and then
27:27
Speaker 4: over like the Christmas period, it can be up to
27:30
Speaker 4: six or seven thousand dollars a month.
27:32
Speaker 3: Can I be pervy? What are your mortgage repayments?
27:35
Speaker 1: Oh?
27:35
Speaker 5: Good question.
27:36
Speaker 4: So we have a split lawn, so we have a
27:40
Speaker 4: loan of We've got about six hundred thousand or one
27:43
Speaker 4: part of our loan that's fixed and that is I
27:48
Speaker 4: think seven hundred and twenty five dollars a week, and
27:53
Speaker 4: then we have a separate portion which was one hundred thousand,
27:56
Speaker 4: but we had to remortgage so we can fix the
27:58
Speaker 4: structural issues. So it's now nearly two hundred thousand, so
28:03
Speaker 4: we pay about two hundred dollars a week back on that,
28:06
Speaker 4: so it's about nine hundred around about nine hundred dollars
28:09
Speaker 4: I think that we pay.
28:10
Speaker 3: So, just doing some pretty basic maths, you're making more
28:14
Speaker 3: on your airbnb than you are paying your mortgage down.
28:19
Speaker 3: Did you think when you purchased the property that you'd
28:22
Speaker 3: purchased that that's exactly what would happen or was it
28:24
Speaker 3: a bit of a riscore? Was this a calculated risk?
28:27
Speaker 4: Now, we were quite confident I think that we would
28:30
Speaker 4: be able to cover our mortgage costs. So there's still
28:34
Speaker 4: expenses with that. That's not money that's going into our pocket.
28:37
Speaker 4: We still have to pay tax on that. Of course,
28:39
Speaker 4: we started cleaning it all ourselves, but with being made
28:43
Speaker 4: redundant and having to you know, work in an office
28:47
Speaker 4: and not be at home.
28:49
Speaker 5: We've got a cleaner.
28:49
Speaker 4: That comes and does all the cleans for us, and
28:52
Speaker 4: we put you know, we we buy breakfast supplies and
28:55
Speaker 4: put nice things in there so it feels really welcome
28:58
Speaker 4: in and hormly. So there's on top of that. But yeah,
29:01
Speaker 4: essentially we have friends who had done a similar thing,
29:06
Speaker 4: so they had bought a property near where we live,
29:09
Speaker 4: and they had a very very tiny, like tiny airbnb
29:14
Speaker 4: and it was going quite well for them, and we
29:16
Speaker 4: looked at how well they were doing. They were maybe
29:19
Speaker 4: getting three or four nights booked a week, so we
29:22
Speaker 4: were confident that we could at least earn what our
29:26
Speaker 4: mortgage would have been, and it was a lot less
29:28
Speaker 4: when we first you know, when we first moved here
29:31
Speaker 4: with interest rates and before we'd remortgage.
29:34
Speaker 3: Oh my gosh, I'm so excited to hear about this.
29:37
Speaker 3: It's just like so pervy to be like, well, how
29:39
Speaker 3: does that work out? Because I feel like so many
29:42
Speaker 3: times you go is therebnb worth it?
29:44
Speaker 2: Is it not?
29:44
Speaker 3: And I mean you've got to be quite strategic about it.
29:47
Speaker 3: And it sounds like you've got a smart property. As
29:49
Speaker 3: you said before, you live in an area where it's
29:51
Speaker 3: nice to visit in the winter as well, and that
29:55
Speaker 3: would be quite important for consistent bookings. But oh my gosh,
29:59
Speaker 3: it makes me so ex you guys, it sounds like
30:01
Speaker 3: you're setting yourselves up for massive success, like.
30:04
Speaker 2: You're starting a business.
30:05
Speaker 3: You've got your airbnb's stuff, like you've got a portion
30:08
Speaker 3: of the property in the UK. Like I'm just so
30:10
Speaker 3: excited for your financial future, especially because our conversation started
30:14
Speaker 3: with home brand packets of chips, like, yeah, how good.
30:19
Speaker 3: I want to know now, obviously you just told us
30:21
Speaker 3: a little bit about your two mortgages. So you've got
30:24
Speaker 3: the six hundred thousand dollar loan and about the two
30:27
Speaker 3: hundred thousand dollar loan as a split loan facility. Do
30:30
Speaker 3: you have any other debts?
30:33
Speaker 4: No other debts, but a few other investments.
30:36
Speaker 2: Oh, tell me more about those.
30:38
Speaker 3: Sorry, I just assumed that that's where we tapped out
30:41
Speaker 3: because it was too good.
30:43
Speaker 4: So I have a raised account, which I've had for
30:45
Speaker 4: a few years now, I think from curing it when
30:49
Speaker 4: I first started. She's on the money.
30:51
Speaker 5: Yay, yay.
30:51
Speaker 4: So we've got about three thousand, six hundred dollars in there,
30:55
Speaker 4: and a month ago I started a shaesy account.
30:59
Speaker 2: Fantastic stick decision.
31:01
Speaker 4: Yeah, so I've got about seven hundred dollars in there
31:05
Speaker 4: at the moment. And I started off putting put five
31:08
Speaker 4: hundred dollars in and then I was doing one hundred
31:10
Speaker 4: dollars a fortnight.
31:12
Speaker 5: But I'm feeling more confidence. I'm going to increase that.
31:15
Speaker 3: Oh all right, now you have to tell us because
31:18
Speaker 3: cha Z's is not like raise, right. Like Raise is
31:21
Speaker 3: just you kind of go on the app, you pick
31:23
Speaker 3: your risk profile, and it's when bam, thank you, ma'am.
31:25
Speaker 3: It's all auto invested micro investing, right. But Chazy's you
31:29
Speaker 3: download the app and then you have to pick your investments.
31:32
Speaker 3: How did you pick your investments and what was your
31:35
Speaker 3: selection criteria when going into that.
31:38
Speaker 4: Yeah, I tried not to worry too much about what
31:41
Speaker 4: I was choosing. I just wanted to get in and
31:44
Speaker 4: start learning, and so I felt that supermarkets and banks
31:49
Speaker 4: were really solid investments. So I chose a supermarket, a bank,
31:55
Speaker 4: a farming sort of company that I recognized to others
32:00
Speaker 4: that I can't think of now, But I looked at
32:03
Speaker 4: the five year history and ensured that they were increasing
32:09
Speaker 4: over that five year period.
32:11
Speaker 2: Yeah, epic, how good.
32:13
Speaker 3: I feel like I love knowing people's kind of like
32:15
Speaker 3: process because it can feel a little bit overwhelming. Do
32:19
Speaker 3: you feel like you got a little bit of analysis
32:21
Speaker 3: paralysis when you knew went to start picking or do
32:24
Speaker 3: you feel like no, I downloaded it at the time
32:26
Speaker 3: that I knew what I was picking.
32:28
Speaker 4: Yeah, I've wanted to do it for a long time,
32:31
Speaker 4: and I'd decided that weekend that I was going to
32:35
Speaker 4: spend time setting up investments, and I just went to
32:38
Speaker 4: a cafe and just sat and it was overwhelming because
32:41
Speaker 4: there was lots But I think that just listening to
32:45
Speaker 4: the show and reading the Chaisey's blog and that kind
32:48
Speaker 4: of stuff, it's taking me a really long time to
32:53
Speaker 4: feel confident to do it. But yeah, I think I
32:57
Speaker 4: knew bank and supermarket. That's what I wanted to do,
33:01
Speaker 4: so I just thought, right, I'll just find one.
33:04
Speaker 5: Of those that I feel comfortable with.
33:07
Speaker 4: And then saw a few more and thought, oh, yeah,
33:09
Speaker 4: I recognized that one. Oh at that I just chose
33:12
Speaker 4: that one and just got started.
33:15
Speaker 2: Yeah, Oh my.
33:15
Speaker 3: Gosh, that makes me so excited that you're like finally
33:18
Speaker 3: in and you're finally picking things.
33:20
Speaker 2: It makes my.
33:21
Speaker 3: Heart so full to know that I got to be
33:23
Speaker 3: a little little part of that journey. And you mentioned
33:26
Speaker 3: actually the Chersias blog like that is such a good resource.
33:29
Speaker 2: I feel like they don't promote it enough.
33:31
Speaker 3: I probably need to have a chat with them about that,
33:33
Speaker 3: because there's so many good things on that blog related
33:36
Speaker 3: to like stop picking and what's performing well, and even
33:40
Speaker 3: on there, I don't know if you followed them on Instagram,
33:42
Speaker 3: but they've got their market updates and I feel like
33:45
Speaker 3: they're just so easy to consume, like I'm obsessed obviously.
33:50
Speaker 2: Moving on though? Is that all our investments? Have we
33:53
Speaker 2: wrapped it all up?
33:55
Speaker 5: Yes?
33:55
Speaker 2: Awesome? Oh actually, oh no, of course not. What else
33:58
Speaker 2: have we got a point?
34:00
Speaker 4: I took a risk and got some crypto.
34:04
Speaker 2: Yeah, how did that go?
34:05
Speaker 4: I can't even tell you how it went. Because somebody
34:08
Speaker 4: encouraged us to do it and said, you've got to
34:10
Speaker 4: get in. It's about to take off. You've really got
34:13
Speaker 4: to do it right now. And so my friend and
34:15
Speaker 4: I thought, oh, well, why not. We'll put a bit.
34:18
Speaker 5: Of money in.
34:18
Speaker 4: There's something that we don't mind losing. And I think
34:21
Speaker 4: the maximum we could do is three hundred and sixty
34:24
Speaker 4: ish dollars, and we've sort of both decided, okay, five
34:27
Speaker 4: hundred dollars we can.
34:28
Speaker 5: We feel okay with five hundred dollars, let's give it
34:30
Speaker 5: a try.
34:31
Speaker 4: But we managed to do three sixty and then immediately
34:35
Speaker 4: after that it just started plumbting. Oh no, And so
34:38
Speaker 4: then I haven't looked at that since, and that was
34:40
Speaker 4: probably two years ago. So I have no idea where
34:44
Speaker 4: it's at whether it actually recovered or not.
34:47
Speaker 5: I need to check it. I keep meaning too.
34:50
Speaker 2: I would check it.
34:50
Speaker 3: I don't know if you're going to be a secret
34:52
Speaker 3: millionaire or not, but it's good to know where things
34:55
Speaker 3: are at.
34:56
Speaker 2: I feel like a lot of people did that.
34:57
Speaker 3: Actually, it's crazy how many people did that and then
35:01
Speaker 3: they don't even remember their logins. I'm like, oh my gosh,
35:04
Speaker 3: this gives me way too much anxiety.
35:06
Speaker 4: I know it'll be in my email somewhere, but I'm like,
35:08
Speaker 4: I don't even know where to.
35:09
Speaker 2: Where to start looking. It'll be there.
35:11
Speaker 4: I'll have the information, but I don't know it.
35:14
Speaker 3: Yeah, oh my head, right, Yeah, that's yeah, that's very fair.
35:17
Speaker 3: All right, let's move back to the conversation about debt.
35:20
Speaker 3: Did you have any other debts apart from the eight
35:22
Speaker 3: hundred thousand dollars in loads?
35:24
Speaker 5: Nothing?
35:25
Speaker 2: Now, of course you don't. I expected nothing less.
35:29
Speaker 1: Now.
35:29
Speaker 2: I want to know, though, what do you think is
35:31
Speaker 2: your best money habit?
35:33
Speaker 3: I feel like you might have a few of these,
35:35
Speaker 3: given how well you have done to set things up.
35:38
Speaker 4: I think at the moment, my best money habit has
35:41
Speaker 4: been avoiding buying new items where possible. So yeah, since
35:47
Speaker 4: we've moved you. We have some amazing pre loved shops
35:52
Speaker 4: in this area, so people sell their clothes that they
35:56
Speaker 4: don't want anymore, and they're usually brand clothes that are
35:59
Speaker 4: in great condition. And so I can't remember the last
36:03
Speaker 4: time I bought something new. Well, sometimes I get things
36:08
Speaker 4: new from there because they still have tags on them,
36:10
Speaker 4: but you know, I'm buying somebody else's clothes, essentially money
36:14
Speaker 4: with yes, and also things like furniture. When we moved you,
36:19
Speaker 4: we got a lot of things off Marketplace and there's
36:22
Speaker 4: some amazing.
36:23
Speaker 5: Facebook groups where people give.
36:25
Speaker 4: Things away for free, and so yeah, I'm really enjoying
36:30
Speaker 4: the sort of community feel of I don't need this anymore,
36:34
Speaker 4: or I got extra of these and I don't necessarily
36:37
Speaker 4: need them, could anybody else use them? So I've got
36:40
Speaker 4: some really cool stuff from there and given away some
36:43
Speaker 4: cool stuff as well, which feels It feels so nice
36:45
Speaker 4: to give away something that somebody else can benefit from.
36:49
Speaker 3: It's very wholesome as well, like it must make you
36:52
Speaker 3: feel a lot more what would you say, like connected
36:55
Speaker 3: with your community.
36:56
Speaker 4: Yeah, and it's all local stuff, so it's all people
37:00
Speaker 4: within the few suburbs that you live in, and you'll
37:03
Speaker 4: you know, you'll have someone come to pick up something
37:05
Speaker 4: and they'll say, oh, you're just around the corner. I
37:08
Speaker 4: just live, you know, on the next street down there.
37:10
Speaker 5: Thank you.
37:11
Speaker 4: It's really nice to meet you know, meet the neighbors
37:14
Speaker 4: and feel like moving to a different state, you know,
37:19
Speaker 4: you sort of feel like, oh, no, I don't know anything,
37:21
Speaker 4: I don't know anybody. But then when you start doing
37:23
Speaker 4: that kind of stuff, it makes you feel, you know,
37:25
Speaker 4: a bit more at home.
37:26
Speaker 2: I like that.
37:27
Speaker 3: I think that's also a good tip if you have
37:29
Speaker 3: moved to a new location to kind of start embracing
37:32
Speaker 3: the community in that way. What a genius idea A
37:35
Speaker 3: love Yeah, let's flip it, though less wholesome. What's your
37:39
Speaker 3: worst money habit?
37:40
Speaker 4: My friend, I have a tendency to want to earn
37:44
Speaker 4: money off anything possible.
37:47
Speaker 2: That's not a bad money habit, but.
37:49
Speaker 4: Like sacrificing my comfort for that too.
37:52
Speaker 5: Yeah.
37:53
Speaker 4: Okay, when we've bought this house, we had separate a
37:56
Speaker 4: B and B, but we have a whole downstairs area
37:59
Speaker 4: that we don't tend to use.
38:00
Speaker 5: It just me and my husband.
38:02
Speaker 4: So we've got quite a big house for two of us,
38:05
Speaker 4: and so I really wanted to turn downstairs into an
38:08
Speaker 4: ab and b as well.
38:10
Speaker 2: You know what, it makes sense the story checks out.
38:13
Speaker 4: Or into I don't know, like a beauty salon or
38:16
Speaker 4: something that I can make money from.
38:19
Speaker 2: Were you going to run this beauty salon? Like where
38:21
Speaker 2: was this going?
38:22
Speaker 4: No, I don't have anything to do, Like it could
38:25
Speaker 4: be a beauty salon.
38:26
Speaker 3: I'm not sure who's going to run this, but it
38:28
Speaker 3: could definitely exist.
38:30
Speaker 4: Yeah, well, you know, we've got all that space. What
38:33
Speaker 4: can I do with it? Or you know, before I
38:35
Speaker 4: got married or before I met my my husband, I
38:39
Speaker 4: was always renting houses and always had spare rooms and
38:42
Speaker 4: would ab and b them even then spare rooms.
38:45
Speaker 5: You know, I'd give.
38:46
Speaker 4: Up my room with the en suite and like move
38:50
Speaker 4: all my stuff out to be able to house somebody
38:53
Speaker 4: in there so they could have a you know, a
38:55
Speaker 4: better experience and I could.
38:56
Speaker 5: Earn like twenty dollars more a night.
38:59
Speaker 4: That it just didn't really make sense, but yeah, I've
39:02
Speaker 4: definitely still look at those kinds of opportunities and have
39:07
Speaker 4: my husband go, I don't want anyone living downstairs. I
39:10
Speaker 4: don't want to share my house with anybody, so like, okay,
39:13
Speaker 4: all right.
39:13
Speaker 3: That's fine, how about if they're upstairs. I feel like
39:18
Speaker 3: that makes a little bit of sense. I feel like
39:21
Speaker 3: I have learned so much about you in the last
39:23
Speaker 3: forty minutes. I am very grateful for your time. But
39:26
Speaker 3: oh my gosh, going from your money story being that
39:30
Speaker 3: you grew up in the UK and your dad got
39:31
Speaker 3: injured and couldn't work, and you know, we talked all
39:34
Speaker 3: about it, I feel like your mum has probably taught
39:37
Speaker 3: you a lot about work ethic, which I can see
39:39
Speaker 3: coming out in your personality, which is beautiful. But holy moly,
39:43
Speaker 3: you have done so much. An eighteen thousand dollar wedding,
39:46
Speaker 3: You're running an airbnb, you're looking to get another one,
39:49
Speaker 3: you already own part of a poppy in the UK,
39:52
Speaker 3: You're investing, you have raised like I just I'm so
39:56
Speaker 3: impressed the fact that you run a business and now
39:58
Speaker 3: you're not running a business and you're starting a new
40:00
Speaker 3: business like while working full time like this is just
40:04
Speaker 3: crazy to me to think that you think you're still
40:07
Speaker 3: a B. But I want to know do you think
40:09
Speaker 3: that your what would we call it, like your money
40:12
Speaker 3: grade of B is applicable, But I also want to
40:16
Speaker 3: know what's it take for someone like you to gedu
40:18
Speaker 3: an A.
40:19
Speaker 4: I definitely still agree that I'm a bee.
40:21
Speaker 2: That's fair.
40:21
Speaker 4: There's still a lot that I want to achieve, and
40:24
Speaker 4: I think, I guess my biggest money goal is to
40:28
Speaker 4: not have to work, and so I'd love to have
40:30
Speaker 4: enough properties and investments to not have to work and
40:35
Speaker 4: to choose to work because I, you know, because I
40:37
Speaker 4: want to contribute to society.
40:39
Speaker 5: Or because I love what I do.
40:40
Speaker 4: But it would take lots more investments and lots more properties,
40:44
Speaker 4: I think to get myself to that a. And yeah,
40:47
Speaker 4: to be able to have the freedom to go and
40:48
Speaker 4: live in Asia if I want to, or you know,
40:52
Speaker 4: just move countries or do whatever we want.
40:55
Speaker 3: Oh my gosh, I feel like you are well on
40:57
Speaker 3: the way, my friend, Like you're doing baby step and
41:00
Speaker 3: you have definitely taken a lot of them and absolutely
41:03
Speaker 3: gone so far. I'm so excited to share this story
41:06
Speaker 3: with our community. Thank you so much, genuinely, like this
41:10
Speaker 3: has been a dream to record. But I also know
41:13
Speaker 3: that people are going to listen to this and be
41:14
Speaker 3: like wow and what next, Like it's just it's such
41:17
Speaker 3: a good story. So thank you so much.
41:19
Speaker 5: Thank you.
41:20
Speaker 4: It's been a pleasure to be on the Show.
41:29
Speaker 3: The advice shared on She's on the Money is general
41:31
Speaker 3: in nature and does not consider your individual circumstances. She's
41:35
Speaker 3: on the Money exists purely for educational purposes and should
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