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MONEY DIARIES: The 100 Hour Work Week! · She's On The Money

0:00
Speaker 1: Hello.
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Speaker 2: My name's Satasha Nabananga Bamblet. I'm a proud Order Order
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Speaker 2: Kerni Whoalbury and a waddery woman. And before we get
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Speaker 2: started on She's on the Money podcast, I would like
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Speaker 2: to acknowledge the traditional custodians of the land of which
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Speaker 2: this podcast is recorded on a wondery country, acknowledging the elders,
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Speaker 2: the ancestors and the next generation coming through as this
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Speaker 2: podcast is about connecting, empowering, knowledge sharing and the storytelling
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Speaker 2: of you to make a difference for today and lasting
0:31
Speaker 2: impact for tomorrow. Let's get into it.
0:34
Speaker 1: She's on the Money.
0:36
Speaker 3: She's on the Money.
0:57
Speaker 4: Hello, and welcome to She's on the Money podcast for
1:00
Speaker 4: millennials who want financial freedom. Guys, welcome back to another
1:04
Speaker 4: episode of Money Daries, where I get the absolute privilege
1:07
Speaker 4: of sitting down with one of our She's on the
1:09
Speaker 4: Money community members and talking to them.
1:11
Speaker 1: All about their journey.
1:13
Speaker 4: Now, this week, we got a message and I would
1:16
Speaker 4: like to read it out to you. Hi, She's on
1:18
Speaker 4: the Money. I am twenty eight working over one hundred
1:22
Speaker 4: hours per week in a niche safety role in the
1:25
Speaker 4: minds and I'm earning over one hundred and eighty seven
1:28
Speaker 4: thousand dollars. I'm the first out of seven to graduate
1:32
Speaker 4: with a degree and earning more than anyone in my family.
1:35
Speaker 4: It's safe to say I'm pretty hard on myself, and
1:38
Speaker 4: while I know I can't keep this pace up forever,
1:41
Speaker 4: I'm really passionate about my team and the change I'm
1:43
Speaker 4: making in my workplace for the better. I'm such a
1:46
Speaker 4: fan of the show, and you've definitely helped me along
1:49
Speaker 4: my journey to get where I am. Money Virus, welcome
1:52
Speaker 4: to the show.
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Speaker 5: Thanks for having me, so lovely to meet you.
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Speaker 4: No, thanks for writing in. I'm so excited about this
1:59
Speaker 4: because it's just such a fancy role, but also, like girl,
2:02
Speaker 4: one hundred hours a week, I would simply pass away.
2:05
Speaker 5: Yes, well it works out to be about ninety six hours.
2:09
Speaker 4: Oh okay, Well in that case, what are you complaining about?
2:13
Speaker 5: But I also work eight days on and then six
2:16
Speaker 5: days off, so I do get a break in the month.
2:19
Speaker 5: But yes, you do come home pretty tired.
2:21
Speaker 4: So how many hours each day are you working?
2:23
Speaker 5: Like?
2:23
Speaker 1: What time are you getting up and going to bed?
2:25
Speaker 5: So I get up at four thirty ew, David da
2:29
Speaker 5: There are people on my site they get up at
2:31
Speaker 5: three thirty and go to the gym morning and night.
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Speaker 1: Absolutely not.
2:37
Speaker 5: I feel like I'm privileged, have a sleep in, and
2:40
Speaker 5: then I get home at either five p thirty five
2:44
Speaker 5: forty five, or sometimes six thirty. So yeah, long days.
2:48
Speaker 1: Oh my gosh, those are long days.
2:50
Speaker 4: Let's dive into the questions, though, because I just have
2:53
Speaker 4: so many things I want to ask you, but I
2:56
Speaker 4: want to keep the ball rolling. So money Diarist, first question,
3:00
Speaker 4: what grade would you give your money habits if I
3:02
Speaker 4: asked you to give them a grade from eight through
3:04
Speaker 4: to F.
3:05
Speaker 5: So I've thought about this question long and hard, but
3:08
Speaker 5: I think it's fair to say I would give myself
3:11
Speaker 5: a C plus.
3:13
Speaker 1: A C plus.
3:15
Speaker 5: Yes, I do have some good habits, but I really
3:18
Speaker 5: started off with basically nothing, and I am halfway there.
3:22
Speaker 5: I feel like I've still got some room to go.
3:25
Speaker 4: All right, let's learn more about that money Diarist. Can
3:28
Speaker 4: you tell me a bit more about your money story.
3:31
Speaker 5: Originally, I grew up on a farm. I was one
3:33
Speaker 5: of seven kids. Things were pretty good. Like with our
3:37
Speaker 5: home life. We got to buy whatever we wanted. We
3:40
Speaker 5: went to the nearest city, which was five hundred commoners away,
3:44
Speaker 5: and could pick out whatever we wanted. There was no budget,
3:47
Speaker 5: and there was not really many no's at that time.
3:51
Speaker 5: My parents owned two businesses and a farm and two houses.
3:56
Speaker 4: And seven kids. Yeah, my gosh, they were busy bee yeah.
4:01
Speaker 5: And then there was no really any issues. We were
4:03
Speaker 5: never taught about money. I just knew we had quite
4:06
Speaker 5: a bit. We were doing not too bad. And then
4:09
Speaker 5: it was time to move to the nearest city to
4:12
Speaker 5: go to high school. And then I noticed Mum and dad.
4:16
Speaker 5: There was a bit of a shift in dynamic, as
4:20
Speaker 5: in I didn't really see my dad as much. They
4:23
Speaker 5: were still together, but he stayed on the farm and
4:25
Speaker 5: me and the girls moved to the nearest city. Were
4:30
Speaker 5: actually going through a massive drought and the business wasn't
4:33
Speaker 5: doing too well at all, so we ended up having
4:38
Speaker 5: to sell our farm and move from the farmhouse and
4:42
Speaker 5: sell one of the houses we owned. And then I
4:45
Speaker 5: noticed more of a shift and my parents actually split up.
4:50
Speaker 5: Myself and my two other younger sisters, and the older
4:53
Speaker 5: sister moved into a rental with my mum. Things were
4:57
Speaker 5: quite tough. I did notice a massive shift in our
5:00
Speaker 5: spending and Mum was always saying, we can't afford this,
5:03
Speaker 5: so you have to ride your bike, and it was
5:06
Speaker 5: quite different to what we knew. I went to university
5:11
Speaker 5: by myself. I drove up in my car by myself.
5:14
Speaker 5: I knew I wanted to better myself. Then I was
5:17
Speaker 5: living off sometimes twenty dollars a week. I would spend
5:20
Speaker 5: all my money on going out. I think it was
5:22
Speaker 5: more like a self sabotage type ideal. I had no money,
5:26
Speaker 5: so whatever, I'd just spend it if I did have it.
5:30
Speaker 4: But isn't it wild now that you're earning so much?
5:33
Speaker 4: So we know you earn one hundred and eighty seven thousand,
5:35
Speaker 4: like the amount of money that it takes nowadays to
5:38
Speaker 4: have a good time. But how on earth did we
5:40
Speaker 4: exist on twenty bucks a week and still have a
5:42
Speaker 4: great time and go out and somehow return very inebriated?
5:47
Speaker 5: Like how I would sneak a lot of alcohol into clubs.
5:52
Speaker 5: There would be a lot of house parties through Uni. Yeah,
5:56
Speaker 5: we kind of just made it work. My friends weren't
5:59
Speaker 5: the type to spend big or anything, so if we
6:02
Speaker 5: wanted a good time, would just kind of try and
6:04
Speaker 5: do free things or yeah, have more house parties instead
6:07
Speaker 5: of spending it on going out.
6:09
Speaker 1: It's smart.
6:10
Speaker 4: I need to learn from that, because I feel like
6:12
Speaker 4: I just trip out my front door and accidentally spend
6:15
Speaker 4: fifty dollars nowadays, like I can't even go to the
6:17
Speaker 4: supermarket without it being a three figure amount, Like I
6:21
Speaker 4: can't win at the moment. I feel like that's common
6:24
Speaker 4: for everybody though. So back to your story, you went
6:28
Speaker 4: to UNI and then.
6:30
Speaker 5: And then I actually studied a degree in natural medicine.
6:34
Speaker 5: It took five years to study. I was doing six
6:38
Speaker 5: units at one point, and I really did not have
6:41
Speaker 5: a life, so I didn't really spend, I guess too
6:46
Speaker 5: much money during that time. But things were tough. My
6:49
Speaker 5: mental health was really bad, and I didn't really put
6:52
Speaker 5: pressure on myself to save. But then when I graduated UNI,
6:56
Speaker 5: the only way to make money as a natchpath is
6:59
Speaker 5: to base either consult of an existing wellness practice in
7:03
Speaker 5: a room, or you start your own business up. So
7:06
Speaker 5: I decided to go into a holistic doctors clinic, and
7:11
Speaker 5: it really was not working for me. I had a
7:13
Speaker 5: bit of a life meltdown. I was like, I'm earning
7:18
Speaker 5: less than two hundred dollars a week. I've just graduated UNI.
7:21
Speaker 5: I can't get any clients. I'm trying my hardest to
7:24
Speaker 5: make money, and my mental health was really bad at
7:26
Speaker 5: that point. So I went home to Mum and I said,
7:31
Speaker 5: what do I do. I've just spent five years on
7:33
Speaker 5: a career that I can't get anywhere. And this was
7:37
Speaker 5: after eight months of trying. And then she said, well,
7:41
Speaker 5: just go work on the mines for a year. Just
7:42
Speaker 5: give it a year, and then you have enough money
7:44
Speaker 5: behind you to restart your neutropathy business. So I gave
7:49
Speaker 5: it a go, and I absolutely hated it.
7:52
Speaker 4: I mean, I feel like going and working in the
7:54
Speaker 4: minds is very, very different from neutropathies, So like, I'm
7:59
Speaker 4: not surprised that the career you spent five years building
8:01
Speaker 4: and thought you would like was maybe a bit different
8:04
Speaker 4: to working in the.
8:05
Speaker 5: Mind Yeah, it was honestly horrible. I was working within
8:09
Speaker 5: the geology team because I didn't have a degree in geology.
8:12
Speaker 5: I just felt like I wasn't respected and I would
8:17
Speaker 5: never be a goo. I would always be in the
8:19
Speaker 5: entry level kind of role. It didn't sit well for me.
8:22
Speaker 5: I worked way too hard at UNI, so I did
8:25
Speaker 5: so much research over the next six months while I
8:28
Speaker 5: did that role, and I found the role that I'm
8:30
Speaker 5: in now. It's very niche. I can't say exactly what
8:34
Speaker 5: I do because there's only a few hundred of us.
8:37
Speaker 4: Yeah, and I would be able to pinpoint you or
8:39
Speaker 4: find you on LinkedIn and point two seconds.
8:42
Speaker 5: Yeah exactly. But now I am earning, as you know,
8:46
Speaker 5: a great figure. It doesn't come easy though. People think
8:50
Speaker 5: you go out on the mines and you earn this
8:52
Speaker 5: great salary and you get looked after, cooked and washing
8:56
Speaker 5: done and rooms made for you. But honestly, in my role,
9:00
Speaker 5: you have to work for what you make. So I
9:02
Speaker 5: don't consider myself lucky. I consider myself just a really
9:06
Speaker 5: hard worker and really driven.
9:08
Speaker 4: I don't think I've ever thought that the Minds would
9:10
Speaker 4: be easy. Maybe that's because I have had, you know,
9:13
Speaker 4: friends work in the mines. I also have a team
9:16
Speaker 4: member who works for me at the moment, who worked
9:18
Speaker 4: in the Minds before I brought her on too. She's
9:20
Speaker 4: on the money, and like, even just hearing the stories
9:24
Speaker 4: of like, let's be honest, how hard it can be
9:26
Speaker 4: for a woman to get ahead in such an environment.
9:28
Speaker 4: I'm just like that would be so challenging for me.
9:31
Speaker 4: Like I think I exist in a permanent state of
9:33
Speaker 4: mental breakdown. Apart from the fact that you have to
9:36
Speaker 4: get up at a ridiculous hour and do basically manual
9:40
Speaker 4: labor all day to come home and have probably the
9:43
Speaker 4: same dinner every night. It's nice that it's made, but like,
9:46
Speaker 4: let's be honest, it's mine's food. I feel like that's
9:50
Speaker 4: just not for me. And that's okay, but it's not
9:54
Speaker 4: for me.
9:54
Speaker 5: Like, basically everything you just said is exactly how it is,
9:58
Speaker 5: especially being a young in quite a unique position. Trying
10:03
Speaker 5: to make really big changes and convinced managers to care
10:07
Speaker 5: about the stuff that I'm trying to implement is quite daunting.
10:10
Speaker 5: I cried a lot when I started this position because
10:13
Speaker 5: I still had to work my way up to where
10:15
Speaker 5: I am now. I constantly have to remind myself that
10:17
Speaker 5: I can do this. What you're doing is good, and
10:20
Speaker 5: having a bit of reassurance is always good. But yeah,
10:23
Speaker 5: you definitely doubt yourself.
10:24
Speaker 1: Oh, that would be so stressful. How did you get
10:27
Speaker 1: through that period.
10:28
Speaker 4: Of, you know, not feeling like you were a good
10:32
Speaker 4: fit Because I know I went through this in finance,
10:35
Speaker 4: and I was so lucky that, you know, I was
10:37
Speaker 4: surrounded by all my friends and family When I'm doing
10:40
Speaker 4: this right. So like I'd have a really terrible day
10:42
Speaker 4: at work and then I'd go home and call my mum,
10:44
Speaker 4: or I'd go home and my housemates would be like
10:46
Speaker 4: what happened, and I'd be like, I need a wine
10:48
Speaker 4: and I can tell you. But when you're out on
10:51
Speaker 4: the mines, you're going back to arguably a relatively cold single.
10:54
Speaker 1: Room and you're all on your own, and I just
10:56
Speaker 1: feel like that would be a lot. How did you
10:59
Speaker 1: get through that?
11:00
Speaker 4: Because for me, the thing that got me through it,
11:03
Speaker 4: you know, completely different situation was having that sense of connection.
11:06
Speaker 4: And I feel like being out in the minds and
11:09
Speaker 4: being so regional, you just wouldn't have that. So I
11:12
Speaker 4: feel like you've potentially got a lot more grit than
11:14
Speaker 4: I do.
11:15
Speaker 5: It's funny to say this, but the team I work
11:18
Speaker 5: with I actually like my family. I call them when
11:20
Speaker 5: I'm not even at work and they're at work just
11:22
Speaker 5: to see how they're going. We're a really close team.
11:25
Speaker 5: When I started and I had a few meltdowns because
11:28
Speaker 5: of different attitudes, I guess my manager was absolutely amazing
11:32
Speaker 5: in coaching me through that and not taking things so personal.
11:37
Speaker 5: I'm trying to make the company spend money on things
11:39
Speaker 5: they need to care about because the government says so
11:42
Speaker 5: so not everyone's gonna like me. It is my job.
11:46
Speaker 5: I just have to take the personal factor out of
11:48
Speaker 5: it and just know that I'm here to do my job.
11:51
Speaker 5: Since then, I have just built thicker skin. I just
11:55
Speaker 5: keep being very transparent with my team with how I'm feeling,
11:58
Speaker 5: and luckily no one has rubbed me up the wrong way,
12:02
Speaker 5: and I stand up for myself as well. Now people
12:05
Speaker 5: thought they could treat me however they wanted, but now
12:08
Speaker 5: they know I buy it back. They haven't done it
12:09
Speaker 5: in a while.
12:10
Speaker 1: Yeah good. I love to hear it.
12:13
Speaker 4: I feel like it can be so hard, and I
12:15
Speaker 4: like that you've said I've got a thicker skin, But
12:17
Speaker 4: at the same time you're like, it's my role, it's
12:20
Speaker 4: not me. I think so many times at the start
12:23
Speaker 4: of careers we go into roles and forget that irrespective
12:26
Speaker 4: of whether we like it or not, there are going
12:28
Speaker 4: to be politics at play and people aren't going to
12:31
Speaker 4: like that role, whether it makes sense or not. And
12:34
Speaker 4: it's often not you. It's just the job that you have,
12:37
Speaker 4: and you're immediately going to be on the back foot
12:39
Speaker 4: because of that money diarist. Let's get into what you
12:42
Speaker 4: actually earn. You said before that you earn one hundred
12:44
Speaker 4: and eighty seven thousand dollars a year. Is that including
12:47
Speaker 4: or excluding super?
12:49
Speaker 5: That's including super?
12:51
Speaker 4: And how often do you get paid? Like, tell us
12:54
Speaker 4: a little bit more about like what hits your bank account?
12:56
Speaker 4: And every week, every month, every fortnight. What does that
12:59
Speaker 4: look like?
13:00
Speaker 5: Yeah, so I get paid monthly. It is a long
13:03
Speaker 5: month waiting for that to hit my bank account because
13:06
Speaker 5: I do have a really big HEX debt after studying
13:10
Speaker 5: on top of my undergrad as well. I earn about
13:14
Speaker 5: fourteen grand a month.
13:16
Speaker 4: Oh my gosh, that's so many dollars. That's like five
13:20
Speaker 4: figures hitting your bank account.
13:22
Speaker 5: Yeah, it is, but that's before tax, so I actually
13:26
Speaker 5: only see it's about eight and a half nine because
13:30
Speaker 5: so much of my money goes to my HEX as well.
13:34
Speaker 5: But then we also get bonuses, which is great.
13:36
Speaker 4: Oh, okay, tell me more. How many bonuses are we getting?
13:40
Speaker 5: So you can earn up to five percent per quarter
13:45
Speaker 5: of your salary?
13:47
Speaker 4: Oh?
13:47
Speaker 1: How cool? And what do you have to do to
13:49
Speaker 1: meet that?
13:50
Speaker 5: So the whole site has to meet their safety target
13:53
Speaker 5: and production target.
13:54
Speaker 4: Hey, that's kind of cool. I like that safety is
13:57
Speaker 4: included in that.
13:58
Speaker 5: Yeah, we have a great safety culture, and we have
14:01
Speaker 5: a scorecard we need to comply with and it's all
14:05
Speaker 5: about safety interactions and speaking up.
14:07
Speaker 1: So you have a good safety culture.
14:09
Speaker 5: Yeah, yeah, So that all goes towards a balanced scorecard.
14:13
Speaker 5: And at the end of the quarter, if we meet
14:15
Speaker 5: a production and safety then we get up to five
14:18
Speaker 5: percent of our salary, which can be quite a lot.
14:20
Speaker 5: But of course if you make a lot, you get
14:22
Speaker 5: taxed a lot.
14:23
Speaker 4: Yeah, so how often would you make that five percent.
14:27
Speaker 5: I have been at my position for a year and
14:30
Speaker 5: we've hit four point two percent for one quarter. Oh nice,
14:35
Speaker 5: so we do get up there. And I've only received
14:39
Speaker 5: three bonuses, so I should say only we've received three.
14:43
Speaker 4: No, No, that makes sense, And like I think that
14:45
Speaker 4: a lot of the time when we're talking about money,
14:47
Speaker 4: we often go, oh, my gosh, that sounds so privileged,
14:49
Speaker 4: but we're actually just looking at your role in general,
14:51
Speaker 4: and you've been in your role a while now, and
14:54
Speaker 4: so going oh, I've only received three bonuses out of
14:56
Speaker 4: you know, the ten opportunities or something. You might go, well,
15:00
Speaker 4: it's not actually about how much it is, And it
15:01
Speaker 4: can sound entitled, but it's not meant to be like
15:05
Speaker 4: I knew exactly where you're going with that, because it's
15:07
Speaker 4: often like, yeah, I only hit my goal like three
15:09
Speaker 4: times already, Like that's kind of what you were saying, right.
15:12
Speaker 5: Yes, exactly, And because there's so many different things that
15:17
Speaker 5: come into play, it is actually really hard to get
15:20
Speaker 5: a bonus. When we do receive it, it's a huge, I
15:23
Speaker 5: guess bonus, but everyone's really excited about it because we
15:27
Speaker 5: have headquarters where we haven't met it and I've been
15:30
Speaker 5: here for that, and it's hard because you know, everyone
15:32
Speaker 5: wants that little extra money in their bank account.
15:35
Speaker 4: One hundred percent and that would help so much. And
15:38
Speaker 4: I know that you know you're not in this situation,
15:40
Speaker 4: but you know there are a lot of family men
15:43
Speaker 4: and family women out there that are going to work
15:46
Speaker 4: in the Minds and they're leaving their children, and they're
15:48
Speaker 4: leaving their partners, and they're coming up to the Minds
15:50
Speaker 4: to work, and they are currently under a heap of
15:53
Speaker 4: financial stress because their mortgages are absolutely cooked. So this
15:56
Speaker 4: idea of a few thousand dollars in addition, they just go, oh,
16:00
Speaker 4: that would take so much pressure off. And then to
16:02
Speaker 4: not get it would be really stressful. It would just
16:04
Speaker 4: be a little bit disenchanting, a little bit disheartening.
16:07
Speaker 5: Yes, there's people at this site that literally say or
16:11
Speaker 5: hope we get our bonus because I need to pay
16:13
Speaker 5: my mortgage off and things like that.
16:16
Speaker 1: That's so stressful.
16:18
Speaker 4: So do you bank on this bonus or are you
16:20
Speaker 4: someone that's like, no, I only budget with what I have,
16:23
Speaker 4: and if I get a bonus, I get a bonus,
16:25
Speaker 4: or like, what's that look like for you?
16:27
Speaker 5: I absolutely don't count my bonus at all. If I
16:31
Speaker 5: get it, I will only believe it when it hits
16:33
Speaker 5: my bank account. I pretend it's not even there. If
16:35
Speaker 5: I do, we may splurge a bit more on our holidays,
16:38
Speaker 5: or I'll never count on that to pay my bills.
16:41
Speaker 4: No, of course, and I think that that's the smart way.
16:44
Speaker 4: But in a cost of living crisis, when all of
16:47
Speaker 4: our mortgages are completely increased, I was going to say
16:50
Speaker 4: something a little bit rude of there, but decided to
16:52
Speaker 4: catch myself in the moment, I feel like we start
16:55
Speaker 4: having to bank on our bonuses because we go well,
16:57
Speaker 4: that's actually the only way that I'm not going to
16:58
Speaker 4: go further into debt, So I don't have a lot
17:01
Speaker 4: of choice right now. So if that's you, don't feel bad.
17:03
Speaker 4: It's not an ideal situation, but it's definitely something that
17:07
Speaker 4: I know a lot of people are doing. Money diarist,
17:10
Speaker 4: you mentioned holidays before, and that leads well into this
17:14
Speaker 4: conversation or this question i'd like to ask is what
17:17
Speaker 4: are your big money goals. You've got some big incomes,
17:20
Speaker 4: so what are the big money goals you're currently working towards.
17:23
Speaker 5: So I'm currently trying to buy a house. I have
17:25
Speaker 5: my deposit ready in my account. It has been extremely
17:29
Speaker 5: hard where I live to buy a house.
17:31
Speaker 4: You can't say I have a deposit in my account.
17:33
Speaker 4: It says she's on the money. How much money if
17:35
Speaker 4: you got?
17:35
Speaker 5: Babe, I have fifty three thousand.
17:38
Speaker 1: Oh that's so good.
17:39
Speaker 5: My deposit for my home only has to be five
17:43
Speaker 5: percent because I did actually qualify for first Home Buyers
17:47
Speaker 5: Guarantee from not last year's notice of assessment, the year before.
17:52
Speaker 5: So I just got my approval before the new year
17:55
Speaker 5: ticked over. So I have three months to use my
17:58
Speaker 5: first Home Buyers Guarantee.
18:00
Speaker 4: Yeah, I was about to say, has that expired yet?
18:03
Speaker 4: Because for those of you playing along at home.
18:05
Speaker 1: They do expire.
18:07
Speaker 5: No, so I've got two about middle of August to
18:10
Speaker 5: find somewhere.
18:11
Speaker 4: How good.
18:12
Speaker 5: Yeah, it's extremely hard. I did put an offer in yesterday, so.
18:18
Speaker 4: That's so exciting.
18:19
Speaker 1: And what do we train to buy?
18:21
Speaker 5: It's a little townhouse in a city. I will obviously
18:24
Speaker 5: have to live in it for six months, that's what
18:27
Speaker 5: the guarantee requires you to. It doesn't really need renovating.
18:31
Speaker 5: The house is pretty much perfect to move in.
18:34
Speaker 4: How exciting. They haven't yesterday?
18:36
Speaker 5: When do you hear today?
18:38
Speaker 1: What are the probabilities?
18:40
Speaker 5: Do you think fifty to fifty? My partner actually knew
18:43
Speaker 5: the real estate agent.
18:44
Speaker 1: So all fingers crossed.
18:46
Speaker 5: I'm still quite nervous. I have been in the top
18:49
Speaker 5: two offers before, and this person won it by five grand,
18:54
Speaker 5: and I was like.
18:55
Speaker 1: Why didn't you call me?
18:56
Speaker 4: I would have given you five and a half grand.
19:00
Speaker 5: So I don't get my hopes up too much. But
19:02
Speaker 5: we'll see how we go. But yeah, and then it
19:04
Speaker 5: would ultimately turn into an investment property.
19:07
Speaker 4: Yeah that's fair. Are you buying with your partner or
19:09
Speaker 4: is this a you purchase?
19:11
Speaker 5: This is just a me purchase. He has been there
19:14
Speaker 5: for the ride. He's come to every home open, but
19:18
Speaker 5: he is not ready to buy his first home. But
19:21
Speaker 5: that's fine. We've been together for six years. We know
19:23
Speaker 5: each other really well.
19:24
Speaker 4: And I also just love an independent woman like I
19:27
Speaker 4: love that you're like, oh you're not ready, Okay, well
19:29
Speaker 4: I'm still going. So if you're not getting on the train,
19:31
Speaker 4: just move over.
19:32
Speaker 5: Thanks. Yeah. I wait for no one. If I want something,
19:36
Speaker 5: I'll get it no matter what.
19:38
Speaker 1: I love this attitude.
19:39
Speaker 4: Is there any other big money goals you're currently working towards.
19:43
Speaker 5: I want to pay off my car. I brought a
19:45
Speaker 5: car for work when I was a consultant, and I
19:48
Speaker 5: was getting a lot of tax back through my car
19:52
Speaker 5: because I was using the mileage every week and the
19:55
Speaker 5: depreciation was tax deductible. However, because I do work away,
20:00
Speaker 5: I can't claim my car anymore and it's just sitting
20:02
Speaker 5: there looking really sad, and I'm paying a lot of
20:05
Speaker 5: interest on my loan, so it is up for sale.
20:08
Speaker 5: But I want to get rid of it or pay
20:10
Speaker 5: it off. That's actually it for my money goals. I
20:14
Speaker 5: have already traveled to about twenty plus countries, so I
20:17
Speaker 5: don't really have many holidays that I want to go
20:21
Speaker 5: on anymore.
20:23
Speaker 4: Oh my gosh, you can't just throw that in at
20:25
Speaker 4: the end and be like, oh, I've traveled to twenty
20:27
Speaker 4: plus country what money, diarist? What are you talking about?
20:30
Speaker 4: How have you managed to travel to twenty plus countries?
20:34
Speaker 2: Like?
20:34
Speaker 4: Can you tell me a little bit more about how
20:36
Speaker 4: you budgeted and paid for that, because I'm assuming that
20:39
Speaker 4: was before you worked in the mines, is that right?
20:42
Speaker 5: Yes, it was through UNI, and before UNI I traveled
20:47
Speaker 5: to Europe. I think my budget was honestly like four
20:50
Speaker 5: or five grand for four months. Oh my gosh, it
20:53
Speaker 5: was crazy. Yeah. I've done lots of Asia and then
20:57
Speaker 5: I lived overseas in China for a little bit.
21:00
Speaker 1: Oh yeah, that's just normal.
21:01
Speaker 4: That just comes up later, like when we're talking about
21:04
Speaker 4: our money story, Like, of course that didn't come up.
21:07
Speaker 5: Yeah, Like I said, if I want to do something
21:09
Speaker 5: or if I want to go somewhere, I just make
21:11
Speaker 5: it work. I know, I wasn't earning much money before
21:13
Speaker 5: I did get into a seven K personal loan debt
21:17
Speaker 5: that would have probably contributed to my own traveling. I
21:20
Speaker 5: did pay that off through my stupor when we could
21:22
Speaker 5: access it through COVID unfortunately, but I just wanted to
21:25
Speaker 5: prior tize getting that down. It was killing me at
21:27
Speaker 5: the time.
21:28
Speaker 1: Yeah, And I.
21:29
Speaker 4: Feel like that gives you a little bit more financial
21:31
Speaker 4: freedom and also paying interest, like it kind of levels out.
21:36
Speaker 4: And I mean, don't get me wrong, like we don't
21:38
Speaker 4: want to do it for the wrong reasons, but a
21:40
Speaker 4: lot of people made the decision to use their super
21:43
Speaker 4: money to pay off debt, and I don't think it's
21:45
Speaker 4: the worst thing. Like, did you then feel a lot
21:48
Speaker 4: lighter and a lot freer. Yeah.
21:49
Speaker 5: At the time, I think I was working in a
21:51
Speaker 5: factory because of COVID, Like all my hospitality jobs just
21:55
Speaker 5: went out the door. But I worked in that factory
21:57
Speaker 5: for like five or six days a week. It was
22:00
Speaker 5: honestly probably the best decision that I made, because I
22:03
Speaker 5: paid off my loan and then I got a head start,
22:06
Speaker 5: and then that momentum kept growing. So I don't regret
22:10
Speaker 5: getting my super out. And there's obviously more time now
22:14
Speaker 5: that I'm earning more money to get that up a
22:17
Speaker 5: little bit.
22:17
Speaker 1: I love that.
22:18
Speaker 4: All right, let's go to a really quick break on
22:20
Speaker 4: the flip side. I want to know about your best
22:22
Speaker 4: and your worst money habits. I need to ask so
22:24
Speaker 4: many more questions like you can't just spring on us.
22:26
Speaker 1: I've been to twenty plus countries.
22:28
Speaker 4: Sorry, you're going to want to give us some travel
22:30
Speaker 4: tips as well, so guys don't go anywhere. All right,
22:36
Speaker 4: Money direst We are back and we have been going
22:39
Speaker 4: through your money story, which has been incredible thus far.
22:42
Speaker 4: You're working more than one hundred hours a week or
22:44
Speaker 4: as you corrected, ninety six hours a week in a
22:48
Speaker 4: niche Safeties role up in the minds, and you're earning
22:50
Speaker 4: one hundred and eighty seven thousand dollars. You were talking
22:54
Speaker 4: before about how at UNI, you know, you had to
22:57
Speaker 4: kind of cut it yourself. You were only on twenty
23:00
Speaker 4: a week at some points. But then at the end
23:03
Speaker 4: of the last segment you just said, oh yeah, and
23:05
Speaker 4: I've traveled to light more than twenty countries. When you
23:08
Speaker 4: were planning to travel, did you put together a budget
23:12
Speaker 4: or you're a bit yollow, like what was the plan?
23:14
Speaker 1: How did that work?
23:16
Speaker 5: It was absolutely yollow. I think at the time I
23:21
Speaker 5: had it was an ex partner. We moved to a
23:26
Speaker 5: different city and then I was unhappy there. But I
23:29
Speaker 5: had I think it was four to six K and savings.
23:32
Speaker 5: It was barely anything, and I said, I want to
23:35
Speaker 5: go overseas. Maybe I want to work overseas. So we
23:38
Speaker 5: literally just left Catcher. I know.
23:40
Speaker 4: I mean, that's a lot to have in savings in general,
23:43
Speaker 4: but not a lot to then quit your job and
23:45
Speaker 4: leave the country.
23:47
Speaker 5: We didn't think about it, and honestly, every time that
23:50
Speaker 5: I've been traveling it's been a similar story up until
23:53
Speaker 5: this year, such a plan and now it's been more
23:56
Speaker 5: of spare of the moment kind of thinking. And I
23:58
Speaker 5: don't regret it at all, because sometimes if you do
24:01
Speaker 5: build up, like your holiday too much in your head,
24:04
Speaker 5: are you planning it? I don't think you'd get as
24:06
Speaker 5: much out of it if you were just like living
24:10
Speaker 5: it day by day. Some of my best memories is
24:13
Speaker 5: meeting people randomly, and I'm still in contact with some
24:16
Speaker 5: of those people now.
24:17
Speaker 4: I agree on the spontaneity as well, like whenever my
24:21
Speaker 4: husband and I have you know, planned holidays and gone
24:23
Speaker 4: on them, like, yeah, we plan where we're going, but
24:26
Speaker 4: a lot of the time we don't plan what we're doing.
24:29
Speaker 4: Because the one time that we did do that, I
24:32
Speaker 4: didn't enjoy it at all because I was like, okay, cool.
24:34
Speaker 4: So like our Monday to Sunday has been planned out,
24:37
Speaker 4: or Monday we're doing this, Tuesday, we're doing this, and
24:39
Speaker 4: like we'd get to the location and realize there were
24:41
Speaker 4: like other things that we were interested in that we would
24:44
Speaker 4: have preferred to do, but we're like pre planned and
24:46
Speaker 4: paid for all of these other tours or whatnot, and
24:49
Speaker 4: I just feel like the spontaneity is the most fun.
24:51
Speaker 4: In our most recent trip, we booked where we were staying,
24:55
Speaker 4: but we didn't book in any activities. We kind of
24:58
Speaker 4: just flew by the seat of our pants and we're like, oh,
25:00
Speaker 4: that looks good, let's see if we can do that tomorrow.
25:02
Speaker 4: And if we weren't able to, will like whatever, Like
25:04
Speaker 4: that's fine. We were trying to book last minute anyway,
25:06
Speaker 4: so we had such a better time. I'm not saying
25:09
Speaker 4: it's for everyone, because I've got a few friends who
25:11
Speaker 4: are like, if this isn't planned to a tea and
25:13
Speaker 4: we don't have all of our dinner bookings as well,
25:16
Speaker 4: I'm out And I'm like, oh, that's not for me.
25:17
Speaker 4: Love a spreadsheet, but that part's not for me.
25:20
Speaker 5: I completely agree. And sometimes the people you meet when
25:23
Speaker 5: you are traveling have like way better recommendations and you
25:28
Speaker 5: would see online or TikTok or anything like that. Like
25:31
Speaker 5: if you're just meeting someone in a bar, I guarantee
25:34
Speaker 5: you'd probably get some better tips from that way.
25:37
Speaker 4: I love it all right, Tell me about investments.
25:41
Speaker 1: Do you invest if so in?
25:43
Speaker 2: What?
25:43
Speaker 1: If not?
25:43
Speaker 5: Why not?
25:44
Speaker 6: So?
25:45
Speaker 5: I was investing hardcore into one ETF, which was better shares,
25:51
Speaker 5: and I was putting half my pay every month into
25:55
Speaker 5: that investment account.
25:57
Speaker 1: Okay, I love this. Where's this goal though?
26:01
Speaker 5: Yeah? So it was compounding. I only had in there
26:05
Speaker 5: for two years, but the dividends were paying around two
26:08
Speaker 5: hundred and fifty dollars a month, which was okay. But
26:11
Speaker 5: then I took all of it out for my house deposit.
26:15
Speaker 4: Okay, but that's fine because was that part of the goal, Like,
26:19
Speaker 4: were you investing with the idea that you'd pull it
26:21
Speaker 4: out for a house to posit?
26:23
Speaker 5: Yeah, that was always the plan. But now I feel
26:25
Speaker 5: a bit lost.
26:26
Speaker 1: A bit naked.
26:27
Speaker 4: Yeah, once you've got the house, I think that you
26:31
Speaker 4: will get back into you know, paying off a mortgage
26:33
Speaker 4: and that's working towards an asset, and you'll also have
26:36
Speaker 4: you know, the ability to investigating in the future. But
26:40
Speaker 4: it does feel a bit ick when you pull it
26:42
Speaker 4: out because you're like, wait, I was getting dividends paid
26:44
Speaker 4: out and that was really sexy. Tell me about how
26:46
Speaker 4: you picked that ETF.
26:48
Speaker 5: Honestly, it was from reading your book. I wanted to
26:52
Speaker 5: go with a safe stock and I didn't want to
26:55
Speaker 5: go for individual companies themselves.
26:59
Speaker 2: Yeah.
27:00
Speaker 5: Oh, honestly, it's gonna sound bad, but I just picked
27:03
Speaker 5: like the safest one and one that kind of appealed
27:06
Speaker 5: to me. It did have a few mining companies within
27:10
Speaker 5: the ETF. Some people won't agree with that.
27:14
Speaker 4: Some people won't, and that's so fine. But like, also
27:17
Speaker 4: they've tried true, steady stocks, So like, when you're looking
27:22
Speaker 4: for a really solid ETF, often it will be made
27:27
Speaker 4: up of you know, mining, you'll see BEHP, You'll see Rio, Tinto,
27:31
Speaker 4: You'll see all of those because they're tried and true
27:33
Speaker 4: and have consistent returns. So like, it's a hard conversation
27:37
Speaker 4: to have.
27:38
Speaker 5: Hey, it is quite hard, especially because a lot of
27:41
Speaker 5: my groups from studying natural medicine did not align with
27:45
Speaker 5: the mining lifestyle either. It has been a little bit
27:49
Speaker 5: difficult to discuss this sort of stuff with some groups.
27:53
Speaker 4: But you can call me I'd love to talk about it.
27:57
Speaker 5: But every decision I've made, I've backed myself and it's
28:01
Speaker 5: definitely paying off. But one thing I would say is
28:05
Speaker 5: trying to convince the bank that I consistently save this
28:10
Speaker 5: certain amount every month was a little bit tricky because
28:13
Speaker 5: it was going into a stock, it wasn't going into
28:16
Speaker 5: a savings account. So I literally had to get this
28:20
Speaker 5: statement from shares Is to prove that I was actually
28:23
Speaker 5: saving for a house deposit through this stock. So that
28:27
Speaker 5: was something that I was a bit blindsided for and
28:30
Speaker 5: it took a bit longer to get pre approval for
28:32
Speaker 5: my house.
28:33
Speaker 1: I'm not surprised.
28:34
Speaker 4: And if you're in that situation and you're investing with
28:37
Speaker 4: the idea of purchasing, the best thing you can do
28:40
Speaker 4: is clearly label your transactions in your banking statement. So
28:44
Speaker 4: I wish that you'd known this beforehand. But if you
28:47
Speaker 4: are transferring money out to your share trading platform, instead
28:51
Speaker 4: of you know, labeling it share transfer, you're labeling at
28:55
Speaker 4: house deposit savings or house deposit investment, so that there
28:59
Speaker 4: is purpose to it even if you don't use it
29:02
Speaker 4: for our house deposit later down the line and you
29:04
Speaker 4: decide to keep your investment, having that label and having
29:08
Speaker 4: the ability to you know, search in your banking statement
29:11
Speaker 4: and highlight all of them and print it out. For
29:14
Speaker 4: some reason, the banks love that it is possible. As
29:17
Speaker 4: you said, money diarists like you can prove it, and
29:20
Speaker 4: a good broker will give you like a spreadsheet to
29:23
Speaker 4: fill in or something that will help you along that way.
29:26
Speaker 4: But was it fine after that point?
29:28
Speaker 5: There was something else that they had to check as well.
29:32
Speaker 5: But basically, I've got pre approval and I'm ready to go.
29:35
Speaker 5: Just finding the right place will be hard. There's almost
29:38
Speaker 5: two hundred people at every home open.
29:40
Speaker 1: What two hundred?
29:41
Speaker 5: Yeah, Literally, it's like a carnival. Here's cars lined up
29:45
Speaker 5: the road.
29:47
Speaker 1: Oh my gosh.
29:48
Speaker 4: Have you thought about using a bias agent?
29:50
Speaker 5: That would have been my next step. However, if I
29:53
Speaker 5: don't find a house within the timeframe I have, I'm
29:56
Speaker 5: just going to save up for another six months and
29:58
Speaker 5: then I'll have the twenty percent deposit. Yeah, I won't
30:01
Speaker 5: have to do my first home buyers guarantee. There's no rush,
30:05
Speaker 5: I don't think.
30:06
Speaker 4: Yeah, you're like, I really want this, Yeah, all right.
30:09
Speaker 4: I want to know you mentioned before you have a
30:12
Speaker 4: hextet and a car loan. Tell me about the debts
30:14
Speaker 4: that you have.
30:15
Speaker 5: Yeah, so my HEX debt was at ninety eight thousand
30:19
Speaker 5: dollars as of yesterday. However, I've just done my tax
30:24
Speaker 5: and it's now sitting at eighty one thousand dollars.
30:26
Speaker 4: So, oh, that's a nice drop down, Yes, it is.
30:30
Speaker 5: However, we still get the HEX refund. I think it's
30:35
Speaker 5: around three percent.
30:37
Speaker 4: Yeah, because of the indexation that they applied, and now
30:40
Speaker 4: they're going back and reimbursing you for that, which is
30:43
Speaker 4: kind of sexy. Yeah.
30:45
Speaker 5: I mean, I can't believe how much I care about
30:48
Speaker 5: this now. If someone told me this before I started UNI,
30:52
Speaker 5: I would have definitely have thought about the course I
30:55
Speaker 5: was doing. I think a lot of people get stuck
30:58
Speaker 5: at high school choosing a core and they never get
31:01
Speaker 5: told about the indexation or the debt and how this
31:04
Speaker 5: affects your mortgage foreign capacity as well.
31:07
Speaker 4: Yeah, it's wild something that I look back on my
31:11
Speaker 4: you know, career at high school, and I just remember
31:14
Speaker 4: the pressure of people going, well, what are you going
31:16
Speaker 4: to do when you get to UNI?
31:17
Speaker 1: What subjects are you going to pick?
31:19
Speaker 4: Because you have to do this, this, this, and this
31:21
Speaker 4: to get into this particular unicorse. So like I'm sixteen
31:24
Speaker 4: and thinking about what I'm picking in my you know,
31:27
Speaker 4: year eleven and twelve classes to get a good career.
31:31
Speaker 4: But I'm sixteen. I don't even have a fully developed
31:33
Speaker 4: brain yet, and you expect me to know what I
31:35
Speaker 4: want to do for the rest of my life. Like,
31:37
Speaker 4: what I want to do for the rest of my
31:39
Speaker 4: life is convince my mom to buy a four pack
31:41
Speaker 4: of vodka Cruisers. Like that's all I cared about at
31:44
Speaker 4: the time, and my mom wouldn't do it. I was
31:46
Speaker 4: really hard done by. So I just feel like it's
31:50
Speaker 4: wild to think the amount of pressure that is being
31:52
Speaker 4: put on kids without fully explaining to them, like, oh, hey.
31:57
Speaker 1: The financial impacts of this or this and this.
31:59
Speaker 4: Like one of the things I wish I did was
32:01
Speaker 4: take a gap year, and like my little sister did it,
32:04
Speaker 4: and I've always been a little bit envious of the
32:07
Speaker 4: freedom that she got from being able to take a
32:09
Speaker 4: year travel, you know, have a little bit of fun.
32:12
Speaker 4: I'm not saying I could have afforded it, but I
32:14
Speaker 4: just know that if I had had that grace, I
32:16
Speaker 4: probably would have gone into what I'm doing now a
32:19
Speaker 4: lot quicker. I did two psychology degrees and then I
32:22
Speaker 4: went into business. And don't get me wrong, I think
32:24
Speaker 4: I use psychology every day and I adore it. But
32:28
Speaker 4: I probably would have gone a very different path and
32:30
Speaker 4: I ended up in the same situation as you, where
32:32
Speaker 4: I basically had a six figure hex stet and I
32:35
Speaker 4: don't know how I.
32:36
Speaker 5: Did that and how much it affects your borrowing capacity
32:40
Speaker 5: is absolutely out of this world. So I did a comparison,
32:44
Speaker 5: and I think I could borrow up to nine hundred thousand,
32:47
Speaker 5: and then now my boring capacity is at five hundred
32:50
Speaker 5: and three thousand.
32:51
Speaker 4: That is wild. I don't think I've seen it impact
32:55
Speaker 4: it that much. I feel like there might be some
32:57
Speaker 4: like interest rate changes in there as well. But that
33:00
Speaker 4: that's why we want to talk to a broker about
33:02
Speaker 4: what we can do and what that looks like. Because
33:05
Speaker 4: a story like that might make you go, oh, well,
33:08
Speaker 4: in that case, I'm going to pay off my hext asap.
33:11
Speaker 4: But if you've chosen to do that, you're going to
33:13
Speaker 4: put yourself further behind in the property game. So we
33:17
Speaker 4: need to be having these conversations with mortgage brokers to go, well,
33:21
Speaker 4: is it worth me.
33:22
Speaker 1: Paying that off?
33:22
Speaker 4: And they might go, yeah, actually because X, Y and Z,
33:26
Speaker 4: or they might say, don't do that at all, because
33:28
Speaker 4: it makes sense. So we need to have these conversations
33:31
Speaker 4: with somebody who can actually put you in the best
33:33
Speaker 4: possible position. So if that's you, obviously I'm passionate about
33:38
Speaker 4: this because I own a mortgage broken company and we
33:40
Speaker 4: can chat. But at the same time, I think, don't
33:43
Speaker 4: make a decision before having an educated conversation. I think
33:46
Speaker 4: so many times we can make decisions based on how
33:48
Speaker 4: scared we are, and that definitely would have been me
33:51
Speaker 4: if historically I didn't sit down and do the actual numbers.
33:56
Speaker 4: I agree money diarist, I feel like with your history
34:00
Speaker 4: of being one of seven and going through arguably a
34:03
Speaker 4: pretty tumultuous period of time between your parents splitting up
34:07
Speaker 4: and the drought, you probably have some good money tips,
34:10
Speaker 4: especially being a poor UNI student and one that traveled
34:13
Speaker 4: to twenty plus countries. So do you have any good
34:17
Speaker 4: money tips or tricks for us? What is your best
34:19
Speaker 4: money habit?
34:20
Speaker 5: My best money habit is definitely when I get paid.
34:24
Speaker 5: I have an up banking account and I put half
34:27
Speaker 5: of my pay Like I said, it used to be
34:29
Speaker 5: in my investment fund. Now it's just in my savings
34:32
Speaker 5: account going on that house deposit, and I have honestly
34:36
Speaker 5: probably about fifteen different little savings accounts on UP. I
34:41
Speaker 5: love that. From eyelashers to hair, two shoes, to whatever
34:45
Speaker 5: I need obviously bills and everything included that goes in
34:49
Speaker 5: there straight away, and any leftover money that's not on bills.
34:54
Speaker 5: And I give myself eight hundred dollars a week when
34:56
Speaker 5: I'm home to spend on food, going out and leisure
34:59
Speaker 5: things gets put away to an emergency account, and gradually
35:04
Speaker 5: that the count builds up. And yeah, that's how I save.
35:08
Speaker 5: I also like to bolt food prep as well when
35:14
Speaker 5: I'm home, if I can be bothered prepping food. That
35:17
Speaker 5: is one thing I've noticed is Marley Spoon is very
35:21
Speaker 5: good for prepping your meals on a bit of a
35:25
Speaker 5: lower cost budget.
35:27
Speaker 4: I feel like people think that that's insane, but it
35:29
Speaker 4: is much cheaper.
35:30
Speaker 5: Hey, it actually is cheaper. So my partner loves going
35:34
Speaker 5: to the shops. I don't know why he will go
35:36
Speaker 5: to calls two to three times a day, sometimes on
35:38
Speaker 5: the weekend.
35:40
Speaker 4: So get a life.
35:42
Speaker 1: I can't think of anything worse.
35:45
Speaker 5: I won't get out of the car.
35:47
Speaker 4: No if I have to go to calls, we're going
35:49
Speaker 4: to do click and collect, Like no, Who'll be.
35:52
Speaker 5: Like, oh I forgot something, Oh I've got this. Oh
35:55
Speaker 5: just go to Colls later.
35:56
Speaker 4: I'm like, no, but mate, it's going on my list.
36:00
Speaker 4: I'm going to get it later in the week. Like
36:01
Speaker 4: we're not going every day, Like oh, he must spend
36:04
Speaker 4: so much at the grocery shop.
36:06
Speaker 5: My partner seems to have no debt and spend very little,
36:11
Speaker 5: so he's happy with me going and tuna for dinner.
36:15
Speaker 4: I'm not okay with that. No, that was good at
36:17
Speaker 4: university and it was novel. I think that if you
36:20
Speaker 4: asked me to eat a packet of me going noodles today,
36:22
Speaker 4: I kind of would have flashbacks, and I'm not okay
36:25
Speaker 4: with that.
36:26
Speaker 5: Yeah, but then he'll asked eat half of my leftover food.
36:29
Speaker 1: So yeah, because it's good because it's Marley Spoon.
36:33
Speaker 5: Yeah, but I found Marley Spoon to be a big
36:36
Speaker 5: help in my budget for food costs and honestly cutting
36:41
Speaker 5: down my drinking when I'm home. There's a bit of
36:44
Speaker 5: a build up for when you're on site. When you
36:46
Speaker 5: get home, all these exciting things you can do get
36:48
Speaker 5: fomo when you're on site, so you start creating a
36:51
Speaker 5: list on what you want to do in your home,
36:53
Speaker 5: and I think, yeah, cutting down drinking and maybe planning
36:56
Speaker 5: one to two activities on your R and R is
36:59
Speaker 5: more reasonable than doing something every single day and trying
37:02
Speaker 5: to make up for the fact that you're away.
37:04
Speaker 4: That's fair and I feel like that probably happens a
37:07
Speaker 4: lot at the start of your mining career, and as
37:09
Speaker 4: you get further in, you're like, I can't be bothered
37:11
Speaker 4: with this.
37:12
Speaker 5: No, And it's meant to be an R and R
37:16
Speaker 5: for a reason. You're meant to rest and recover and
37:19
Speaker 5: not go out drinking partying every week.
37:23
Speaker 4: Yeah, okay, well tell that to someone else. Yeah, tell
37:27
Speaker 4: me abb about your worst money out of it? What
37:30
Speaker 4: do you think that is?
37:32
Speaker 5: I love food, and I do like fancy drinks and cocktails,
37:38
Speaker 5: and I do love splurging out if I'm not in
37:42
Speaker 5: the best mental headspace, so I will go to the
37:45
Speaker 5: shops and just buy a pair of shoes or a
37:47
Speaker 5: pair of jeans or something just to make myself feel better,
37:50
Speaker 5: and then I feel really guilty about it. So I
37:53
Speaker 5: think instead of splurging, maybe putting some time between my
37:57
Speaker 5: purchases or actually dealing with how feeling in the first
38:01
Speaker 5: place would probably be a good idea, maybe some breath
38:03
Speaker 5: work or meditation.
38:05
Speaker 1: That sounds like me.
38:06
Speaker 4: That's why I'm always telling people like, put twenty four
38:09
Speaker 4: hours between you and you're spending, And it's mainly me
38:12
Speaker 4: trying to convince myself that I should do that. If
38:14
Speaker 4: I'm having a bad day, I get a little bit spendy.
38:17
Speaker 4: It's good to be able to recognize it. But I
38:19
Speaker 4: think it's interesting because so many of us will say, oh,
38:24
Speaker 4: I'm feeling a bit spendy, but we know that that's
38:27
Speaker 4: not going to make us feel better, but somehow we
38:29
Speaker 4: still want to do it, like we want to do
38:31
Speaker 4: it just to feel something, or we want to do
38:33
Speaker 4: it for that dopamine rush, and then the dopamine come
38:35
Speaker 4: down sucks because you're like, oh, well, now I still
38:38
Speaker 4: feel trash about that situation. And I'm also two hundred
38:41
Speaker 4: dollars short, Like I think that there needs to be
38:44
Speaker 4: more thought in it, but it's so hard to do that,
38:46
Speaker 4: especially in the moment.
38:48
Speaker 1: So I get it.
38:49
Speaker 4: It's not the worst money have it, and thankfully you
38:52
Speaker 4: earn more than enough for that not to be the
38:54
Speaker 4: worst thing. In the world Money Diarist, We've had a
38:57
Speaker 4: good chat. I've learned a lot about you. I feel
39:00
Speaker 4: like you're the type of person I just want to
39:01
Speaker 4: be friends with you, So we'll just keep in contact
39:03
Speaker 4: for a really long time as good. But you're earning
39:06
Speaker 4: one hundred and eighty seven thousand dollars, You're only twenty eight,
39:09
Speaker 4: You're putting in so many hours at work. You're clearly
39:13
Speaker 4: about to get a new home, which is so exciting,
39:16
Speaker 4: And I have all my fingers and toes crossed for you.
39:19
Speaker 4: You're saving literally half of your paycheck. You're thinking about
39:22
Speaker 4: meal prepping. You know you're not investing right now, but
39:25
Speaker 4: you were, and you used it to your advantage and
39:27
Speaker 4: you're a better position because of it. And you've just
39:30
Speaker 4: got all of these plans and I'm so excited about it.
39:32
Speaker 4: But at the start of the episode, you rated yourself
39:35
Speaker 4: a C plus, Like, be for real, tell me a
39:40
Speaker 4: bit more about this C plus, Like we've had this
39:42
Speaker 4: great chat, Like you're planning to sell your car and
39:45
Speaker 4: you know you want to get rid of that debt,
39:47
Speaker 4: and you're really thoughtful about this. You knew off the
39:49
Speaker 4: top of your head what your hextet was like and
39:52
Speaker 4: you somehow think you're a C plus. Please riddle me
39:55
Speaker 4: how that makes sense.
39:56
Speaker 5: Because my salary is so good, it looks like that
40:00
Speaker 5: my money habits are better than what they are. But
40:04
Speaker 5: I honestly feel like I have way too much learning
40:08
Speaker 5: to go to rate myself higher. I have read all
40:11
Speaker 5: your books and listen to pretty much every podcast.
40:14
Speaker 1: I love this.
40:16
Speaker 4: How unlucky for you?
40:19
Speaker 5: No, I would ideally want to retire quite young. My
40:23
Speaker 5: parents will never get to retire, and if I want
40:25
Speaker 5: to do that, I really need to put in some
40:28
Speaker 5: more effort in my spending, hopefully by another property after
40:33
Speaker 5: this one in the next year or so. So yeah,
40:36
Speaker 5: I have a long long way to go. So I
40:39
Speaker 5: won't rate myself higher just yet, but maybe in a year.
40:42
Speaker 4: I feel like that is a really good reflection, and
40:45
Speaker 4: it's quite clear you know what you want to achieve
40:48
Speaker 4: at that salary level. That's when I start to go.
40:51
Speaker 4: Have you spoken to a financial advisor? Is that something
40:54
Speaker 4: that you have done or you would consider doing?
40:56
Speaker 5: So? I did get a financial advisor contact, and then
41:01
Speaker 5: I lost it.
41:02
Speaker 4: I can give you a new one. I have somebody
41:05
Speaker 4: who's actually in your city. I won't mention them here
41:07
Speaker 4: on the podcast because we haven't given that away thus far.
41:10
Speaker 4: But I'm going to set you up with that later
41:12
Speaker 4: because I think that that's probably one of the best
41:14
Speaker 4: things you can do at twenty eight on that salary.
41:17
Speaker 4: It might be a little bit expensive, but I think
41:20
Speaker 4: that it would be money very very well invested to
41:23
Speaker 4: make sure that you're in the best possible position moving forward.
41:26
Speaker 4: It's one of those things where a lot of people say,
41:29
Speaker 4: is it worth getting financial advice, and like, I can't
41:32
Speaker 4: say yes to that because sometimes it's not worth it.
41:35
Speaker 4: Like sometimes people have such clean, clear budget and cash
41:38
Speaker 4: flow systems and they've got their own investing plan and
41:41
Speaker 4: they have their property plan, and they go, well, even
41:43
Speaker 4: if I saw an advisor like this is what I
41:45
Speaker 4: want to do, I've got absolutely no interest in changing,
41:47
Speaker 4: and I've already done all my personal insurance as Victoria
41:49
Speaker 4: and I go, well, don't bother, Like it literally would
41:52
Speaker 4: be a waste of both of your time. But where
41:55
Speaker 4: you're at knowing that you have so much to achieve
41:57
Speaker 4: and you need a plan to do that, I feel
41:59
Speaker 4: like get to one of those situations where it's not
42:02
Speaker 4: because you earn heaps, it's because they could actually have
42:05
Speaker 4: a really big impact on what you want to do.
42:08
Speaker 4: So for me, I think that is a good place
42:10
Speaker 4: and probably a good place to leave it because I've
42:12
Speaker 4: run out of time.
42:13
Speaker 1: I've spoken to you for.
42:14
Speaker 4: Ages and I've adored this, but unfortunately that's all we
42:17
Speaker 4: have time for today. So Money Darist, thank you for
42:20
Speaker 4: joining us.
42:21
Speaker 1: I have adored this.
42:22
Speaker 4: I feel like I've made a new best friend, and
42:24
Speaker 4: I know that our community are going to feel exactly
42:27
Speaker 4: the same way.
42:27
Speaker 1: So thank you so much for joining us today.
42:30
Speaker 5: Thanks Victoria, so lovely to meet you, and thanks to
42:33
Speaker 5: the chat.
42:33
Speaker 4: Of course, the advice shared on She's on the Money
42:42
Speaker 4: is general in nature and does not consider your individual circumstances.
42:46
Speaker 4: She's on the Money exists purely for educational purposes and
42:49
Speaker 4: should not be relied upon to make an investment or
42:52
Speaker 4: financial decision. If you do choose to buy a financial.
42:55
Speaker 6: Product, read the PDS TMD and obtain appropriate financial.
42:59
Speaker 1: Advice Taylor towards your needs.
43:01
Speaker 6: Victoria Divine and She's on the Money are authorized representatives
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Speaker 6: two eight nine,