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How She Rebuilt Her Life After Losing $38k to a Scam · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud or
• 0:04
  Speaker 1: the Order Kerni Whaltbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money. She's on the Money.
• 0:57
  Speaker 2: Hello, and welcome to She's on the Money, the podcasts
• 1:00
  Speaker 2: that lets you get pervy on other people's money stories
• 1:02
  Speaker 2: for educational purposes of course, Welcome back to another one
• 1:06
  Speaker 2: of our money diaries where we get to talk with
• 1:09
  Speaker 2: one of our incredible She's on the Money community members
• 1:12
  Speaker 2: all about their journey. Let's jump straight into it. We
• 1:14
  Speaker 2: got a message this week and it went like this, Dear,
• 1:18
  Speaker 2: She's on the Money. After a few brutal breakups and
• 1:21
  Speaker 2: falling victim to a scam, I've had to start over
• 1:25
  Speaker 2: from zero, not once, not twice, but three times. It's
• 1:30
  Speaker 2: been a roller coaster of setbacks and grit, But through
• 1:33
  Speaker 2: it all, I've never lost my determination to make it
• 1:36
  Speaker 2: work as a single mum to my amazing seven year
• 1:40
  Speaker 2: old son. I've done whatever it takes, working multiple jobs,
• 1:44
  Speaker 2: driving Uber Eats, and even moving back in with my
• 1:47
  Speaker 2: mum to share a room with my boy, all to
• 1:49
  Speaker 2: rebuild my savings. And now I'm proud to say I've
• 1:53
  Speaker 2: just bought my first property using the two percent scheme.
• 1:57
  Speaker 2: I'm also completing my real estate license and diving head
• 2:00
  Speaker 2: first into my passion for property investing. My dream is
• 2:03
  Speaker 2: to build a buyer's agency that helps others find stability
• 2:07
  Speaker 2: and security, the kind of foundation I fought so hard
• 2:11
  Speaker 2: to create for myself and my son. Money dorist, What
• 2:14
  Speaker 2: the heck? Three times and you're buying your own property?
• 2:17
  Speaker 3: Yes?
• 2:18
  Speaker 2: Are you insanely proud of yourself? Because, like, I'm really
• 2:21
  Speaker 2: proud of you.
• 2:23
  Speaker 3: It's probably something I would say.
• 2:24
  Speaker 4: That's when my weakness is giving myself some credit, Like
• 2:28
  Speaker 4: I just constantly push and don't. Yeah, Like I have
• 2:33
  Speaker 4: friends say it to me that like, oh my goodness,
• 2:35
  Speaker 4: I'm really proud of you, And then I think I
• 2:37
  Speaker 4: need to sort of pat myself.
• 2:38
  Speaker 3: On the back.
• 2:39
  Speaker 2: Yes, you do, like it's cool for me to be proud. Great,
• 2:43
  Speaker 2: but I actually didn't do any of the stuff like
• 2:45
  Speaker 2: you did all of that, and you're the one that
• 2:48
  Speaker 2: has to be proud of that. So definitely need to
• 2:52
  Speaker 2: Let's start the diary as we always do, money dress.
• 2:55
  Speaker 2: I want to know what great would you give your
• 2:56
  Speaker 2: money habits if I asked you to give them a
• 2:58
  Speaker 2: grade from A three to.
• 2:59
  Speaker 3: F, say currently like a B to a C.
• 3:04
  Speaker 2: Okay, all right, I'm not going to argue with you yet,
• 3:06
  Speaker 2: but we'll get there. I want to know a bit
• 3:09
  Speaker 2: more about your money story. Can we dive head first?
• 3:11
  Speaker 3: Okay? Amazing? So where would I start?
• 3:15
  Speaker 4: So when I was about my first relationship I had,
• 3:19
  Speaker 4: I was about twenty one, and my partner left me
• 3:23
  Speaker 4: with like a nice beautiful loan, and I went to
• 3:27
  Speaker 4: the mines and I.
• 3:28
  Speaker 3: Paid it all off as about my twenty five.
• 3:30
  Speaker 2: Grand, oh my god, And I paid.
• 3:32
  Speaker 4: It all off, walked away with about twenty It was
• 3:36
  Speaker 4: about twenty five grand when I was about twenty two
• 3:38
  Speaker 4: to twenty three, paid it all off and then had
• 3:40
  Speaker 4: that in savings.
• 3:42
  Speaker 3: Then I got with my.
• 3:43
  Speaker 4: Son's father, and I had that money still and then
• 3:48
  Speaker 4: we separated and I walked away, I think with about
• 3:52
  Speaker 4: two grand.
• 3:53
  Speaker 2: Why did he get so much of it?
• 3:55
  Speaker 3: Well, he wasn't very good with money. I was the money.
• 3:59
  Speaker 4: Like in the relationship, there's usually one that's better than
• 4:01
  Speaker 4: the other, and I was the one that was. Yeah,
• 4:04
  Speaker 4: I've always ended up being better alone financially for some reason.
• 4:08
  Speaker 4: And then I saved up over two three years, sacrificed
• 4:12
  Speaker 4: a lot work weekends, like hustled hard, politely said, and
• 4:17
  Speaker 4: saved and invested about thirty eight grand.
• 4:20
  Speaker 2: Into Oh my god, yeah yeah.
• 4:22
  Speaker 4: So like live paid rent everything. Oh it was during COVID.
• 4:26
  Speaker 4: I actually invested in shares with comsex and then I
• 4:30
  Speaker 4: also bought into bitcoin and then I had like term
• 4:35
  Speaker 4: investment with some of my savings. And then I put
• 4:38
  Speaker 4: an offer on a property and it fell through. And
• 4:42
  Speaker 4: then I saw a Facebook link about investing in day trading,
• 4:47
  Speaker 4: and I was like, oh, I understand a bit of
• 4:49
  Speaker 4: day trading, not a problem. And then I invested a
• 4:52
  Speaker 4: little bit of money and then saw a bit of
• 4:54
  Speaker 4: a return and I was like fantastic. Then I invested
• 4:56
  Speaker 4: a little bit more money, so a return that like
• 4:59
  Speaker 4: if you put more money, and I was like, okay,
• 5:01
  Speaker 4: well the property marketer might just wait another few months.
• 5:03
  Speaker 3: I'll just put my money into it.
• 5:04
  Speaker 4: Oh no, little did I know it was offshore and
• 5:08
  Speaker 4: the whole platform.
• 5:09
  Speaker 2: Was fake, and they like lulled you into a false
• 5:11
  Speaker 2: sense of security by giving you some small returns when
• 5:14
  Speaker 2: you were doing small things. Then when you did a
• 5:16
  Speaker 2: big amount, they were like catcher gotcha.
• 5:19
  Speaker 4: Literally like no, the whole thing was fake. Lost thirty
• 5:24
  Speaker 4: eight grand. No, like yeah, so the best thing, what
• 5:29
  Speaker 4: do you say?
• 5:30
  Speaker 3: The best thing?
• 5:30
  Speaker 4: But like got a tax exemption for that with ATO
• 5:34
  Speaker 4: as a loss, and then had to start all over again.
• 5:37
  Speaker 3: With my son.
• 5:38
  Speaker 4: I think it was about it was just about to
• 5:40
  Speaker 4: start school, so third time round. Then sacrificed again and
• 5:47
  Speaker 4: got into my current property now on the two percent scheme,
• 5:51
  Speaker 4: and moved in with my mom for six months to
• 5:53
  Speaker 4: save smart.
• 5:54
  Speaker 2: I feel like that's such a good support to have
• 5:57
  Speaker 2: in the background. Tell me about the two percent scheme
• 5:59
  Speaker 2: because so I feel like we've heard about it in
• 6:02
  Speaker 2: passing on the podcast, but we haven't ever spoken with
• 6:05
  Speaker 2: somebody who's done it. So how did that work? How
• 6:07
  Speaker 2: did you get involved in the two percent scheme and like,
• 6:10
  Speaker 2: why did you go? This is for me?
• 6:12
  Speaker 3: So I'm currently based on the Gold Coast and the
• 6:14
  Speaker 3: market is wild.
• 6:16
  Speaker 2: It is so like the price.
• 6:18
  Speaker 4: Difference of renting and owning. To be honest here is
• 6:21
  Speaker 4: not much different as in price depends obviously what you're
• 6:24
  Speaker 4: living in. So I went down the two percent scheme
• 6:26
  Speaker 4: because I was like looking at the market and going
• 6:29
  Speaker 4: the longer I'm out of it, the harder it's going
• 6:31
  Speaker 4: to be for me to get in, And what is
• 6:34
  Speaker 4: the quickest way that I can get in? So I
• 6:37
  Speaker 4: went to a broker and they went over my salary.
• 6:41
  Speaker 4: They went over just like putting through an application, but
• 6:44
  Speaker 4: a lot of lenders can be it narrows down your
• 6:47
  Speaker 4: lenders as a single parent and looking at like your
• 6:49
  Speaker 4: tax a tax b as a source of income as well.
• 6:53
  Speaker 4: But yeah, submit an application and then yeah, got to
• 6:57
  Speaker 4: prove for it and had about three months to find something,
• 7:00
  Speaker 4: and in a market that's also not much stock and price,
• 7:05
  Speaker 4: managed to get in which a bit more perseperence found something.
• 7:08
  Speaker 2: So I love that. That's actually so exciting. And now
• 7:12
  Speaker 2: you want to start your own buyers agency? Tell me
• 7:14
  Speaker 2: about that.
• 7:15
  Speaker 3: Yeah, So I've just completed my real estate license.
• 7:18
  Speaker 4: I am an active renovator, so I renovate also while
• 7:22
  Speaker 4: owning living in renovations can be a juggle at the
• 7:26
  Speaker 4: same time, but I love it and at the end
• 7:28
  Speaker 4: of the day, I look at it as everyone needs
• 7:30
  Speaker 4: somewhere to live.
• 7:32
  Speaker 3: To me, it's an essential. You can't compensate a roof
• 7:35
  Speaker 3: over your head for anything.
• 7:36
  Speaker 2: So yeah, no, I agree. I agree. So talk me
• 7:39
  Speaker 2: through what you do now for work and how much
• 7:41
  Speaker 2: money you earn, because I feel like you've had a
• 7:43
  Speaker 2: colorful history of like literally doing everything that you could
• 7:46
  Speaker 2: possibly do. What do you do now? What do you earn?
• 7:49
  Speaker 4: So I'm a marketing manager for two businesses in construction,
• 7:53
  Speaker 4: and I earn sixty five grand a year and I
• 7:56
  Speaker 4: work part time and then I so like occasionally help.
• 8:02
  Speaker 3: Like my brother or whatnot if he has a little
• 8:04
  Speaker 3: bit of tiling and whatnot.
• 8:06
  Speaker 4: But that's pretty much my primary income for the two
• 8:10
  Speaker 4: businesses in marketing.
• 8:11
  Speaker 2: And is that sixty five thousand dollars then pro rata
• 8:15
  Speaker 2: because you're part time or is that what you earn
• 8:17
  Speaker 2: after like doing just part time?
• 8:19
  Speaker 3: That's what I would earn just after part time? Yeah?
• 8:22
  Speaker 2: Cool, cool, that's pretty good. Yeah, yeah, that's not bad.
• 8:26
  Speaker 2: And so like what does part time look like for you?
• 8:29
  Speaker 2: You're doing like a couple of days, four days, Like,
• 8:31
  Speaker 2: what does it look like in terms of work life balance?
• 8:34
  Speaker 2: Because you're a single mum, there's lots going on.
• 8:36
  Speaker 3: There is a lot going on.
• 8:37
  Speaker 4: I would say I work five days a week and
• 8:40
  Speaker 4: then when my son's with his data work longer days,
• 8:43
  Speaker 4: which is fantastic.
• 8:45
  Speaker 3: So it works out.
• 8:46
  Speaker 2: Well, So what do you mean you work five days
• 8:48
  Speaker 2: by your part time? I feel like I'm a little
• 8:49
  Speaker 2: bit confused. Are you doing like half days?
• 8:52
  Speaker 3: Yeah? So it works.
• 8:53
  Speaker 2: Okay, that makes more sense. I was like, what what
• 8:55
  Speaker 2: do you mean five days part time?
• 8:57
  Speaker 3: Yeah?
• 8:58
  Speaker 4: So when when my son's with this data, work like
• 9:00
  Speaker 4: eight till four and then when I have him, I'll
• 9:04
  Speaker 4: work nine till two thirty.
• 9:05
  Speaker 2: Okay cool, Hey that's a good flexible workplace. Did you
• 9:08
  Speaker 2: have to negotiate that or like how did that come
• 9:11
  Speaker 2: to be? Because like that's the dream.
• 9:13
  Speaker 4: It's I think like being a parent. It's like it
• 9:17
  Speaker 4: is a marathon.
• 9:18
  Speaker 3: It's not a.
• 9:18
  Speaker 4: Race, and you've got to look at like your core values.
• 9:23
  Speaker 4: I think to sustain somewhat of a balance, and one
• 9:26
  Speaker 4: of my big core values is being there for my son.
• 9:29
  Speaker 4: Because I only have one, I'm not going to redo it,
• 9:31
  Speaker 4: and I get really sad if I can't be there
• 9:34
  Speaker 4: for him. So that was one of my things I
• 9:36
  Speaker 4: went in looking for employment. I was like, aligning with
• 9:39
  Speaker 4: my core values and I was like, I love construction,
• 9:41
  Speaker 4: I love building and being there for him. In flexible
• 9:45
  Speaker 4: work arrangement, it was like a non negotiable, rather take
• 9:48
  Speaker 4: a pay cut than.
• 9:49
  Speaker 3: Not have that.
• 9:49
  Speaker 2: Yeah, that's really cool, and I like that you are
• 9:52
  Speaker 2: talking about going and finding a job that really aligns
• 9:54
  Speaker 2: with your values. Like I know that a lot of
• 9:56
  Speaker 2: people will be like, well, I just need any job,
• 9:59
  Speaker 2: and that's really valid too, But being able to find
• 10:02
  Speaker 2: one that aligns with that means that you're going to
• 10:05
  Speaker 2: get the work life balance that you want. I feel
• 10:07
  Speaker 2: like so often we're like, yeah, just not putting that
• 10:09
  Speaker 2: cap on first. Talk to me about money goals. You've
• 10:13
  Speaker 2: just purchased, which is so exciting, But what are your
• 10:16
  Speaker 2: big money goals now? What are you currently working towards?
• 10:18
  Speaker 4: So my big money goal is my ultimate goal would
• 10:22
  Speaker 4: be so I'm thirty five, by the time I'm forty,
• 10:24
  Speaker 4: I don't want to have a mortgage.
• 10:26
  Speaker 2: Oh five years? What are you doing? That's crazy.
• 10:29
  Speaker 4: So there has been a unit in my block that
• 10:32
  Speaker 4: has just sold for two hundred gram more than Oh
• 10:35
  Speaker 4: it's on the market currently for two hundred grad more
• 10:37
  Speaker 4: than what I paid for mine.
• 10:39
  Speaker 3: So next step.
• 10:41
  Speaker 4: I'm looking out possibly getting another property or what the
• 10:45
  Speaker 4: step forward will be to using that moving forward?
• 10:49
  Speaker 2: Yeah, yeah, either.
• 10:50
  Speaker 4: Renting this out and then getting something, So that's sort
• 10:53
  Speaker 4: of where I'm at would be my next stepping stone.
• 10:56
  Speaker 2: That's really fun. And how are you planning on working
• 10:58
  Speaker 2: that out? Are you going to do it yourself to
• 11:00
  Speaker 2: get some advice? Like is it just like some maths
• 11:02
  Speaker 2: in the background, Like what's a process? Because I feel
• 11:05
  Speaker 2: like that could be overwhelming.
• 11:06
  Speaker 4: It is overwhelming, because yeah, I think it's definitely getting
• 11:10
  Speaker 4: advice talking to people that I want to be in
• 11:12
  Speaker 4: their position as well, because I ultimately would like to
• 11:16
  Speaker 4: probably buy and flip another couple more properties, but I
• 11:18
  Speaker 4: don't think many lenders like that, so that would probably
• 11:22
  Speaker 4: be the route that I'd be looking at, would be
• 11:23
  Speaker 4: speaking to the right people and seeing what can be done.
• 11:27
  Speaker 2: Yeah, totally. You mentioned before that you're renovating and oh
• 11:30
  Speaker 2: my gosh, I hate renovating like it is the worst
• 11:34
  Speaker 2: thing ever, but you're like, no, I'm living through it.
• 11:36
  Speaker 2: It's so fun Like it's obviously different horses for different courses,
• 11:40
  Speaker 2: Like I remember the journey like being real rocky, but
• 11:43
  Speaker 2: because I'm a finance girlie, like I had spreadsheets through
• 11:47
  Speaker 2: the kazoo right, like I was making sure that I
• 11:49
  Speaker 2: wasn't over capitalizing on my property and like that everything
• 11:52
  Speaker 2: made sense. How did you approach renovating, Like did you
• 11:56
  Speaker 2: purchase a place knowing, all right, well the bathrooms are
• 11:58
  Speaker 2: a bit how you go when I'm going to have
• 11:59
  Speaker 2: to blows out? Or like what was the thought pattern
• 12:02
  Speaker 2: and how did you work out what to renovate first
• 12:05
  Speaker 2: and live through it? Tell me more about this journey
• 12:07
  Speaker 2: because I'm so pervy.
• 12:08
  Speaker 3: So it's pretty funny.
• 12:09
  Speaker 4: So when I bought my place, like the main wall
• 12:13
  Speaker 4: was fluorescent orange, like almost the orange of your background
• 12:17
  Speaker 4: that you have, stunning. I was just like the contrast
• 12:20
  Speaker 4: with like a baby blue wall. It was insane. My
• 12:22
  Speaker 4: place needed to be like fully ripped out.
• 12:25
  Speaker 3: Yeah, okay, got it, Like.
• 12:26
  Speaker 4: Had the navy blue carpet, the kitchen cabinet tree was
• 12:30
  Speaker 4: falling apart, the sink was like leaking. So coming in,
• 12:36
  Speaker 4: I think it was like a little bit like rainbows
• 12:38
  Speaker 4: when I first bought, and then the reality of buying
• 12:41
  Speaker 4: it and living in it, I was like, I can't
• 12:44
  Speaker 4: actually use my sink, like I'm using the laundry sink.
• 12:48
  Speaker 2: And it's funny how quickly you just get used to
• 12:51
  Speaker 2: doing something that then you realize, oh, hold on, I
• 12:54
  Speaker 2: probably should fix this.
• 12:56
  Speaker 4: It's so true because even in my head, I was like,
• 12:58
  Speaker 4: if I get a plumber to come out to fix
• 12:59
  Speaker 4: my place, I'm ripping out my sink anyway, So like
• 13:03
  Speaker 4: that's money that I don't need to spend, so then
• 13:06
  Speaker 4: I just may do for a long time if that
• 13:08
  Speaker 4: made sense. And then it was quite funny because even
• 13:11
  Speaker 4: like one day I was used to going into the
• 13:13
  Speaker 4: laundry to use my sink, and then when my friends
• 13:16
  Speaker 4: was over and they're like what are you doing?
• 13:18
  Speaker 3: And I was like going to fill out my kettle.
• 13:20
  Speaker 3: I'm like right next to the brand new sink, and
• 13:22
  Speaker 3: they're like, what are you doing?
• 13:24
  Speaker 4: I was like going to fill out my kettle like
• 13:26
  Speaker 4: it was normal, like the pattern of it. But yeah,
• 13:29
  Speaker 4: like going in, I was like, okay, well I did
• 13:31
  Speaker 4: see the potential with it. It's solid bones in the sense
• 13:35
  Speaker 4: it's all brick. It's close to everything. So even if
• 13:38
  Speaker 4: I was to rent it out, the rent would cover
• 13:40
  Speaker 4: more than my mortgage, so like it'd be running at
• 13:43
  Speaker 4: a slight loss if I was to rent it out,
• 13:45
  Speaker 4: which is not a bad position to be in for.
• 13:49
  Speaker 3: Like a first year, if that makes sense.
• 13:51
  Speaker 4: So looking at that as a long term investment, I'm like,
• 13:54
  Speaker 4: and there's potential for development as there's like a commercial
• 13:57
  Speaker 4: block at the end of my street on the market
• 13:59
  Speaker 4: flight million, so I think it gives options, if that
• 14:03
  Speaker 4: makes sense.
• 14:04
  Speaker 2: Yeah, yeah, yeah, that's cool. I like that. I love
• 14:06
  Speaker 2: asking people perfect questions, like so what's this mean? How
• 14:09
  Speaker 2: does that work? Like this is my favorite job ever,
• 14:11
  Speaker 2: like getting to ask you like, so what does that mean?
• 14:14
  Speaker 2: Why did you do that? Oh? So good? I actually
• 14:17
  Speaker 2: have heaps more questions. Let's go to a really quick
• 14:19
  Speaker 2: break and on the flip side, I'm going to ask
• 14:21
  Speaker 2: even more so don't go anywhere, all right, money, dirist,
• 14:27
  Speaker 2: We are back and you have just purchased your first
• 14:30
  Speaker 2: home using the two percent deposit scheme, which is a
• 14:33
  Speaker 2: very cool scheme accessible to single parents here in Australia.
• 14:38
  Speaker 2: What I want to know. Have you ever invested, do
• 14:41
  Speaker 2: you currently invest what does that journey look like for you?
• 14:44
  Speaker 4: I have invested, Yes, I used to use Perla a lot.
• 14:48
  Speaker 4: I use the Perlast starter at the moment for my son,
• 14:51
  Speaker 4: it's like the kid's investment Mone, which is really cool
• 14:54
  Speaker 4: when he gets really excited over it. But currently moving forward,
• 14:58
  Speaker 4: majority of my money been going towards my renovations. But
• 15:02
  Speaker 4: in saying that, I definitely will invest once that chapters
• 15:06
  Speaker 4: sort of come closer to the end.
• 15:08
  Speaker 2: Yeah, totally. And I remember at the start of the
• 15:10
  Speaker 2: episode you said that you'd saved up thirty eight thousand
• 15:13
  Speaker 2: dollars and you had actually invested that and then you
• 15:16
  Speaker 2: took it out to buy property and then you got
• 15:18
  Speaker 2: it all taking away from you in that scam originally,
• 15:23
  Speaker 2: how were you investing that? Like what did that journey
• 15:26
  Speaker 2: look like? Is that same you were on Pearler and
• 15:28
  Speaker 2: like you've just come and gone from that platform over time,
• 15:31
  Speaker 2: or like what did that look like?
• 15:32
  Speaker 4: So I used when I'm very first on investing. I
• 15:35
  Speaker 4: don't think peerl was around.
• 15:37
  Speaker 2: Now it's pretty new.
• 15:38
  Speaker 4: Hey, yeah it is, and it's great. I love the
• 15:40
  Speaker 4: use of side of it. It's fantastic, and I think
• 15:43
  Speaker 4: it simplifies investing like immensely.
• 15:46
  Speaker 3: Not sponsored or.
• 15:47
  Speaker 2: Anything, No, no, of course not.
• 15:49
  Speaker 4: But I did listen to like a lot of podcasts
• 15:52
  Speaker 4: and read about shares and whatnot, and then I sort
• 15:55
  Speaker 4: of just diversified my money had it been bitcoin, because
• 15:58
  Speaker 4: I was, and then I still had money, Like I guess,
• 16:01
  Speaker 4: when you invest it, there is a slight risk, and.
• 16:03
  Speaker 3: I wanted to minimize it.
• 16:04
  Speaker 4: So I sort of spread a couple of my investments
• 16:07
  Speaker 4: out and then had cash there in case.
• 16:09
  Speaker 2: Yeah cool. I like being pervy about what people are
• 16:12
  Speaker 2: investing in or what they're not investing in. I want
• 16:14
  Speaker 2: to know what is your debt looking like? So you've
• 16:17
  Speaker 2: got your first mortgage. I need to know what you
• 16:19
  Speaker 2: purchase your property for. What is your current loanert? What
• 16:22
  Speaker 2: do you think the value of the property is. We
• 16:24
  Speaker 2: need to know.
• 16:24
  Speaker 4: Okay, So I purchased my property at it was three fifty,
• 16:30
  Speaker 4: and I think on at like three I haven't paid
• 16:33
  Speaker 4: much down.
• 16:34
  Speaker 3: It would be like three twenty or three thirty three twenty.
• 16:37
  Speaker 2: That's pretty good when you say I haven't paid much down,
• 16:40
  Speaker 2: like it's new. I wouldn't have expected any of that
• 16:42
  Speaker 2: to have been gone yet.
• 16:43
  Speaker 4: Yeah. Yeah, so it's gone down slightly, which is fantastic.
• 16:48
  Speaker 4: And then interesting enough, I've had agents come through going
• 16:53
  Speaker 4: you could easily sell it at like five hundred. I
• 16:55
  Speaker 4: could put people through what Yeah, because I've consider possibly
• 17:00
  Speaker 4: going if I don't renovate the bathroom, like the bathrooms
• 17:03
  Speaker 4: are full ripout, and I'm like looking at the cost
• 17:06
  Speaker 4: of time, slight inconvenience because obviously I'm going to have
• 17:10
  Speaker 4: to rip a share out toilet everything.
• 17:12
  Speaker 2: So yeah, yeah, and that takes a while.
• 17:14
  Speaker 4: It's a consideration. But then if I was to pay
• 17:17
  Speaker 4: for it, I could probably go.
• 17:19
  Speaker 3: Like an extra forty grand.
• 17:22
  Speaker 2: Then how cool? That is so interesting as well. So
• 17:25
  Speaker 2: talk me through how you landed very recently a property
• 17:29
  Speaker 2: that's what law. You paid three point fifty, which money
• 17:32
  Speaker 2: win for a property that is now worth five hundred.
• 17:34
  Speaker 2: How did you stumble across that one?
• 17:36
  Speaker 4: Funny enough, I've done a bit of research, and I
• 17:39
  Speaker 4: have lived on the coast my whole life.
• 17:41
  Speaker 3: A lot of people have gone, oh, you live in
• 17:43
  Speaker 3: that area.
• 17:43
  Speaker 4: But then I've also looked at the rental yield of
• 17:47
  Speaker 4: what even if I bought it and didn't do much
• 17:50
  Speaker 4: to it, it would be close to positively get not
• 17:54
  Speaker 4: far off, So I was like, okay, long term, that'd
• 17:57
  Speaker 4: be fantastic. Regardless, my primary focus was just getting housing
• 18:01
  Speaker 4: stability and just getting into the market.
• 18:03
  Speaker 2: Yeah okay, and it was just lucky that it's now
• 18:05
  Speaker 2: worth a bit more. But you were originally So did
• 18:08
  Speaker 2: you find it on real estate dot Com or did
• 18:09
  Speaker 2: you have a buias agent?
• 18:11
  Speaker 4: Like?
• 18:11
  Speaker 2: What was the process? Because I feel like when you're
• 18:13
  Speaker 2: going through the two percent scheme, the second you get approved,
• 18:16
  Speaker 2: you basically have like three months to purchase a property,
• 18:19
  Speaker 2: like you get a timeframe and that could be really stressful.
• 18:22
  Speaker 2: So like when you got approved, obviously very exciting, but
• 18:25
  Speaker 2: then you have to find the property. How did you
• 18:27
  Speaker 2: do that?
• 18:28
  Speaker 4: So I pretty much went on real estate dot Com
• 18:31
  Speaker 4: and like there was a lot of pressure trying to
• 18:33
  Speaker 4: find something before it expired.
• 18:35
  Speaker 3: So I hounded a lot.
• 18:38
  Speaker 4: Of agents like weekly, I went on every single night,
• 18:42
  Speaker 4: and then I also contact them to be like, hey,
• 18:45
  Speaker 4: do you have anything coming up.
• 18:46
  Speaker 3: I also did a letterbox drop.
• 18:48
  Speaker 4: I went to one area and I did a little
• 18:50
  Speaker 4: slip and put it in and actually had a lady
• 18:52
  Speaker 4: did contact me ironically, which was great, but it was
• 18:55
  Speaker 4: a little bit out of my price range. She goes,
• 18:57
  Speaker 4: I do have someone potentially looking in a few months,
• 19:00
  Speaker 4: and I was like, well, I can't really be in
• 19:01
  Speaker 4: a gray zone.
• 19:02
  Speaker 3: I need like.
• 19:03
  Speaker 2: Yeah, I need stability now.
• 19:05
  Speaker 3: Yeah.
• 19:05
  Speaker 4: And then I actively also, which I reckon was probably
• 19:10
  Speaker 4: like one of the best tips was during Christmas, a
• 19:12
  Speaker 4: lot of people have their quiet period and they're not
• 19:15
  Speaker 4: actively pursuing property. And I actually looked at this property.
• 19:19
  Speaker 4: It was on the twenty eighth of December last year,
• 19:22
  Speaker 4: so I knew not a lot of people would be looking.
• 19:25
  Speaker 2: Oh my gosh, yeah, so many people would have hung
• 19:29
  Speaker 2: up their boots for that period of time.
• 19:31
  Speaker 4: It's almost like it reduced the competition of people viewing
• 19:34
  Speaker 4: because I went to one and there was like about
• 19:37
  Speaker 4: fifty to sixty people were in a queue to go
• 19:39
  Speaker 4: view this property. And so I was like, okay, well
• 19:43
  Speaker 4: what else can I do? And I was like, well,
• 19:45
  Speaker 4: I can go when people are on holidays and go
• 19:47
  Speaker 4: look at properties that was in the area, at what
• 19:51
  Speaker 4: they've sold at, and see what's a realistic number to
• 19:54
  Speaker 4: put forward. And I actually did put an offer on
• 19:56
  Speaker 4: this with site unseen, and then the agent said if
• 19:59
  Speaker 4: you came to the property and you're happy with it,
• 20:01
  Speaker 4: will propose it to the owner straight away.
• 20:03
  Speaker 3: You can be the first person.
• 20:05
  Speaker 2: Oh good. So it all worked out.
• 20:07
  Speaker 4: So it did work out, and I was really glad
• 20:09
  Speaker 4: because there was quite a few people coming through. There
• 20:11
  Speaker 4: was maybe like a handful, but I already put my
• 20:14
  Speaker 4: office through before these people, which was great, I think,
• 20:17
  Speaker 4: which also worked my advantage. It was a little bit risky,
• 20:19
  Speaker 4: but I was also like, what's the worst case scenario?
• 20:22
  Speaker 2: I don't get it. Yeah, oh my gosh, I love that.
• 20:24
  Speaker 2: All right, So talk to me about money habits, because
• 20:27
  Speaker 2: having had to start over three times, not once, not
• 20:30
  Speaker 2: to expect there are three times, you probably have some
• 20:33
  Speaker 2: good money habits to share. So I want to know
• 20:36
  Speaker 2: what do you think is your best money habit?
• 20:38
  Speaker 4: My best money habit, I would say, I think tracking,
• 20:42
  Speaker 4: like I do have a spreadsheet of my expenses, food
• 20:45
  Speaker 4: budget allocation.
• 20:47
  Speaker 3: And also.
• 20:50
  Speaker 4: I can have a tendency where I'm too strict at
• 20:52
  Speaker 4: times where I will sacrifice fun. So also having I
• 20:57
  Speaker 4: guess like somewhat of healthy balance to suspect daying to
• 21:00
  Speaker 4: have long term goals, like even planning something small like
• 21:05
  Speaker 4: financially to help you bill other cups of your life
• 21:09
  Speaker 4: in order to get to the big goals.
• 21:11
  Speaker 3: I think it's a big thing.
• 21:12
  Speaker 2: Yeah, and what does the flip side look like? Have
• 21:15
  Speaker 2: you got any bad money habits that you could share
• 21:18
  Speaker 2: with the fam?
• 21:19
  Speaker 3: At times, I could be too tight with money.
• 21:21
  Speaker 2: Yeah, that's hard.
• 21:22
  Speaker 4: Yeah, Like I feel bad at times spending money on myself.
• 21:27
  Speaker 4: So I think that's why I've sort of allocated some
• 21:30
  Speaker 4: money for myself, like small rewards or if you hit
• 21:34
  Speaker 4: like a little milestone, you're like, Okay, I can go
• 21:37
  Speaker 4: get a facial done. Oh, I can go out for
• 21:39
  Speaker 4: lunch or yeah, small rewards.
• 21:42
  Speaker 2: And I think that that's important because so many times
• 21:44
  Speaker 2: we don't look after ourselves and then everything kind of
• 21:47
  Speaker 2: goes down the drain, which is not positive at all.
• 21:50
  Speaker 2: Tell me a bit more before you know. I know
• 21:53
  Speaker 2: that I'm running out of time here, But when you
• 21:55
  Speaker 2: wrote in you said that you had to like restart
• 21:57
  Speaker 2: three times. And it's been a massive role coaster of setbacks,
• 22:01
  Speaker 2: and I'm sure that there are people listening going, oh
• 22:03
  Speaker 2: my god, that's so relatable. That has been me. I
• 22:05
  Speaker 2: feel like I am finally on top of it and
• 22:07
  Speaker 2: then it all just comes crashing down again. How have
• 22:10
  Speaker 2: you maintained your grit, Like, how have you, you know,
• 22:14
  Speaker 2: not lost your determination? Because do you know what a
• 22:16
  Speaker 2: lot of people would have They would have been like
• 22:18
  Speaker 2: maybe I'm just really bad at this and I quit.
• 22:21
  Speaker 2: Like I can see how so many people would bury
• 22:23
  Speaker 2: their heads in the sand, Like especially after two times
• 22:26
  Speaker 2: you're like no, no, thank you, but it happened three
• 22:29
  Speaker 2: Like how have you maintained this positive energy to just
• 22:33
  Speaker 2: be like no, I can get back up and do
• 22:34
  Speaker 2: it again. I'm all good?
• 22:35
  Speaker 4: Like what I think I'd look at things as lessons?
• 22:40
  Speaker 3: How can you learn from them and do different? But
• 22:43
  Speaker 3: life is short, so you picked your heart.
• 22:47
  Speaker 4: Like I see constantly single moms going, look, I'm trying
• 22:51
  Speaker 4: to find a.
• 22:52
  Speaker 3: Home, like Malise is running out.
• 22:54
  Speaker 4: I've had three units sell underneath us, so like I've
• 22:58
  Speaker 4: been there, and a part of me is just like
• 23:02
  Speaker 4: you're either hungry to fail, hungry to succeed, and no
• 23:06
  Speaker 4: one's going to rescue you, Like you can't hope that
• 23:09
  Speaker 4: someone's going to come along and fix everything because end
• 23:12
  Speaker 4: of the day, especially when you have children, like I
• 23:15
  Speaker 4: look at myself as a role model as well, not
• 23:17
  Speaker 4: just so I want to do the best I can
• 23:19
  Speaker 4: and my son see that and go, oh, mom did it?
• 23:22
  Speaker 4: Like it's pretty funny, like what he even thinks of,
• 23:25
  Speaker 4: like renovations and owning and him seeing me do that,
• 23:28
  Speaker 4: it's somewhat aspiring. I think he'll probably realize that as
• 23:32
  Speaker 4: he gets a bit older. But just no one's going
• 23:34
  Speaker 4: to come rescue you, Like you can sit there and
• 23:38
  Speaker 4: like it's pretty devastating losing a third time.
• 23:41
  Speaker 3: And we saw for sale signs. My son's like, Mom,
• 23:43
  Speaker 3: maybe we can buy that, And I was.
• 23:46
  Speaker 4: Like like holding back the tears because as a parent,
• 23:50
  Speaker 4: alls you want a stability, but you can't just hope
• 23:52
  Speaker 4: something's going to happen. Yeah, that's the best way of
• 23:56
  Speaker 4: looking at it. It's like pick your heart.
• 23:58
  Speaker 2: Pick your heart is kind of fun. Won't say fun,
• 24:00
  Speaker 2: it's just kind of like it's a smart way of
• 24:03
  Speaker 2: looking at it and just being so like nope, like
• 24:05
  Speaker 2: no one's going to come and save you. You actually
• 24:07
  Speaker 2: have to do it yourself and pull your finger out
• 24:09
  Speaker 2: and like you don't have an option. You actually have
• 24:11
  Speaker 2: to get back up and do it again. And I
• 24:13
  Speaker 2: guess that's what grit is, right, Like, grit is one
• 24:15
  Speaker 2: of my favorite concepts, and that's just the idea that
• 24:18
  Speaker 2: you don't have to be the smartest, you don't have
• 24:20
  Speaker 2: to be the richest, you don't have to be the best,
• 24:22
  Speaker 2: but you have to be the one that just got
• 24:24
  Speaker 2: up again and again, and that is what makes somebody successful.
• 24:28
  Speaker 2: And I just think that's so true because you see
• 24:30
  Speaker 2: it in our community time and time again, people like
• 24:32
  Speaker 2: you who are like, nah, I'm just gonna get up
• 24:36
  Speaker 2: and try again, and then you know at some point
• 24:39
  Speaker 2: you will succeed because you've been so tenacious. And I
• 24:41
  Speaker 2: think that that's so beautiful, Like it's my favorite thing
• 24:43
  Speaker 2: about our community. We've just got stuff to do and
• 24:46
  Speaker 2: you're just gonna do it, get it done exactly, money darist.
• 24:50
  Speaker 2: At the start, you said that you were like a
• 24:53
  Speaker 2: B or A C. And I want to know, like
• 24:56
  Speaker 2: you're obviously working your butt off to be a good
• 24:58
  Speaker 2: role model for your sign. You've got first home, like
• 25:01
  Speaker 2: you're back on the savings train, Like do you think
• 25:04
  Speaker 2: that B two C is applicable right now? But then also,
• 25:08
  Speaker 2: what does it mean to be an A to you?
• 25:10
  Speaker 2: Like what would it take in your money life to
• 25:13
  Speaker 2: get to being an A?
• 25:14
  Speaker 3: Being an A?
• 25:15
  Speaker 4: I think perhaps like having more of a buffer financially
• 25:20
  Speaker 4: and being able to.
• 25:22
  Speaker 3: Understand a lot of people go like, you live off
• 25:24
  Speaker 3: like you're fifty.
• 25:25
  Speaker 4: Percent, then you save like twenty and like the ratios
• 25:28
  Speaker 4: is like having.
• 25:29
  Speaker 3: That little bit more of a buffer on those ratios
• 25:31
  Speaker 3: would be fantastic. I think that would be the best
• 25:34
  Speaker 3: way of looking at it, because I look at money
• 25:36
  Speaker 3: as a long game.
• 25:37
  Speaker 4: Not a short game. So yeah, that would be the
• 25:40
  Speaker 4: best way. I'd probably say an increasing my income.
• 25:43
  Speaker 2: So I like it, And that's something so achievable, Like
• 25:46
  Speaker 2: you're on track. It's not something that you're like, yeah,
• 25:48
  Speaker 2: I'd have to be a completely different person like that,
• 25:51
  Speaker 2: I have to change myself entirely. I feel like you're
• 25:53
  Speaker 2: on track and you're going to do that, which is
• 25:55
  Speaker 2: so exciting. Money Darrest. Now that we've had a chat,
• 25:58
  Speaker 2: I just I mean, ah, I think that you have
• 26:00
  Speaker 2: done such a good job, like you're setting this good
• 26:03
  Speaker 2: example for your son. I love that when you spoke
• 26:05
  Speaker 2: about your job, you're like, no, no, no, I really thought
• 26:07
  Speaker 2: about my values and what I wanted to do, and
• 26:09
  Speaker 2: like what type of income i'd have, And you've bought
• 26:11
  Speaker 2: your first property and you've just you've got so much
• 26:14
  Speaker 2: grit and I adore it. So I just know that
• 26:16
  Speaker 2: people are going to listen to this and be like,
• 26:18
  Speaker 2: she's a queen, Like what an icon? And also like,
• 26:21
  Speaker 2: how many single mums in that situation are going to go, oh,
• 26:25
  Speaker 2: that's so relatable. Like I love that she shared that story.
• 26:28
  Speaker 2: So thank you for that because I know that there
• 26:30
  Speaker 2: are so many people they're going to be like, this
• 26:32
  Speaker 2: was great, Like I feel like I can do it too,
• 26:34
  Speaker 2: and that's what we want to get out of the community, right,
• 26:36
  Speaker 2: So thank you so much for that. I've adored it.
• 26:38
  Speaker 3: Oh, thank you, my total pleasure. Thank you for having me.
• 26:41
  Speaker 2: Of course, thank you so much.
• 26:49
  Speaker 5: The ID I shared on She's on the Money is
• 26:51
  Speaker 5: general in nature and does not consider your individual circumstances.
• 26:55
  Speaker 5: She's on the Money exists purely for educational purposes and
• 26:59
  Speaker 5: should not be relied upon to make an investment or
• 27:01
  Speaker 5: financial decision. If you do choose to buy a financial product,
• 27:05
  Speaker 5: read the PDS TMD and obtain appropriate financial advice.
• 27:09
  Speaker 2: Tailored towards your needs.
• 27:10
  Speaker 5: Victoria Divine and Sheese on the Money are authorized representatives
• 27:14
  Speaker 5: of Money sherper P t y lt D A b
• 27:17
  Speaker 5: N three two one six four nine two seven seven
• 27:20
  Speaker 5: zero eight AFSL four five one two eight nine