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MONEY DIARIES: From debt and a horrible injury, to career pivot and a scholarship – who IS she?! · She's On The Money

0:00
Speaker 1: Just before we get started, we'd like to acknowledge and
0:03
Speaker 1: pay respect to Australia's Aboriginal and torrest Right Islander people's.
0:07
Speaker 1: They're the traditional custodians of the lands, the waterways and
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Speaker 1: the skies all across Australia. We thank you for sharing
0:13
Speaker 1: and caring for the land on which we are able
0:16
Speaker 1: to learn. We pay respects to elders past and present,
0:19
Speaker 1: and we share our friendship and our kindness.
0:22
Speaker 2: She's on the Money, She's on the Money.
0:45
Speaker 3: Hello, and welcome to She's on the Money, the podcast
0:48
Speaker 3: Millennials who Want Financial Freedom. Welcome back to another shot
0:51
Speaker 3: back Money Diary Monday, where we chat.
0:54
Speaker 4: To a beautiful community member.
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Speaker 3: We learn their story, their insights, and we kind of
0:58
Speaker 3: just get to hear a little bit about some one
1:00
Speaker 3: who might be living their life differently to us, or
1:02
Speaker 3: maybe it's the same.
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Speaker 4: Maybe you're going to relate. I don't know, because I
1:05
Speaker 4: don't know. Victoria. This week's story.
1:07
Speaker 1: Haha, it is me again coming in solo and just
1:11
Speaker 1: like telling you what's going to happen. It was actually
1:14
Speaker 1: very funny this week guys, because Jess messaged me and
1:17
Speaker 1: she's like, oh, like, have we be organized anybody for
1:20
Speaker 1: Money direst and I was like, oh, yes, I completely
1:22
Speaker 1: forgot to tell you. I've had this booked in for
1:24
Speaker 1: a few days now, and our Money Diarist, I'm just
1:28
Speaker 1: going to go out on a whim here. We're Instagram friends.
1:30
Speaker 1: We've never met, but we converse in my DM's a
1:32
Speaker 1: fair bit. We have a chat. She's on the same
1:35
Speaker 1: page as me. I feel like she always replies about
1:37
Speaker 1: my food memes or my pet memes, and like she's
1:40
Speaker 1: just my people, you know. So Jess. The other day,
1:43
Speaker 1: this Money Diarist sent me a gorgeous DM and literally
1:47
Speaker 1: made me tear up, which apparently is not that hard
1:49
Speaker 1: to do these days, but this one was really moving.
1:53
Speaker 1: And I'm going to read you the DM before we
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Speaker 1: have a chat to her. So it said, Victoria, I
1:57
Speaker 1: just wanted to personally thank you for keeping me motivated
2:00
Speaker 1: while on my own money journey. I found shees on
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Speaker 1: The Money when it was still in its first season,
2:05
Speaker 1: and I knew I needed to get my finances back
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Speaker 1: in order. Back then, my husband and I had eighty
2:10
Speaker 1: thousand dollars in personal debt and a two hundred and
2:13
Speaker 1: thirty four thousand dollar mortgage. We're on a good wage
2:17
Speaker 1: and still living week to week. I knew something had
2:19
Speaker 1: to give. Two years on and a lot has changed.
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Speaker 1: We are totally consumer debt free, and we now also
2:27
Speaker 1: only owed two hundred and eight thousand dollars on our mortgage.
2:30
Speaker 1: It hasn't always been smooth sailing, though, as eighteen months
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Speaker 1: ago I was involved in a workplace accident where I
2:36
Speaker 1: had my back broken. I've been on workers' compensation ever since,
2:40
Speaker 1: and now it's to the point where I'm about to
2:42
Speaker 1: lose my six figure salary. I'm only twenty nine, so
2:46
Speaker 1: I knew I needed to do something to keep myself employable.
2:49
Speaker 1: Then in brackets, she says, as there's been no help
2:52
Speaker 1: from any insurance company. So last semester I enrolled to
2:56
Speaker 1: do a bridging course to get into UNI. I worked
2:58
Speaker 1: incredibly hard and quote this is very Jessica Ricci manifested
3:04
Speaker 1: good grades in the hope of getting a scholarship. I
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Speaker 1: got an ATAR equivalent of ninety three, which is massive, guys.
3:12
Speaker 1: With this my newfound love of personal finance, I decided
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Speaker 1: to go on in enroll in a double degree doing
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Speaker 1: business and commerce, with the aim of one day also
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Speaker 1: becoming a financial planner. Well, I have news. I've just
3:25
Speaker 1: started week four of my double degree and I've just
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Speaker 1: received the news that the Financial Planning Association has granted
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Speaker 1: me their Women in Finance Scholarship, Hard Work Manifestation or both.
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Speaker 1: This is the biggest money win ever and I just
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Speaker 1: wanted to share it with you. Thanks so much for
3:41
Speaker 1: keeping me motivated and for helping me unlock a passion
3:44
Speaker 1: for finance. Yes, that's why she's on the show and
3:49
Speaker 1: money diarist. Welcome to she's on the money.
3:52
Speaker 5: Thank you, Thank you so much for having me.
3:54
Speaker 1: Oh my gosh, I was so grateful to get that message.
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Speaker 1: It just makes my heart sing when people are getting
4:00
Speaker 1: out of consumer debt but also finding their passion, and
4:04
Speaker 1: that message was everything. But then the added complexity of
4:07
Speaker 1: you being on workers compensation. I was like, oh my gosh,
4:09
Speaker 1: this is a diary we have to hear. And it
4:12
Speaker 1: was quite literally typing out, hey like, if you've ever
4:15
Speaker 1: thought about doing a money diary, let me know, And
4:18
Speaker 1: you said, if you ever want a diarist, let me know.
4:20
Speaker 1: I was like, come on down, I will book you in,
4:23
Speaker 1: I will clear the decks. When can you record? Because
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Speaker 1: it's just genuinely such a beautiful story that I want
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Speaker 1: to share with everybody because one you're killing it, but
4:32
Speaker 1: two we want to know the pervy details and money dirests.
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Speaker 1: I don't think we've ever spoken to someone on workers
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Speaker 1: comp but it's something that is actually sadly very common,
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Speaker 1: but also fraught with a lot of worry and you know,
4:45
Speaker 1: not knowing what's going to happen next, and potentially insurance
4:48
Speaker 1: issues that are going on because you did mention you
4:50
Speaker 1: didn't have insurance. But can we get into it so
4:54
Speaker 1: that we can get to the juicy part of Yeah, definitely,
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Speaker 1: Oh my gosh, money diarist. First question off the bat
5:01
Speaker 1: is can you tell us a little bit about your
5:02
Speaker 1: money story.
5:04
Speaker 5: Yeah. So I was raised by a single mum. My
5:07
Speaker 5: parents broke up before I was born, and then unfortunately,
5:11
Speaker 5: my father passed away when I was also very young.
5:14
Speaker 5: So my mom totally did it on her own. She
5:17
Speaker 5: is an absolute power woman. She's insane. Growing up, we
5:23
Speaker 5: always kind of lived in our own house. Mom was
5:26
Speaker 5: into her property investing, even if that meant, you know,
5:30
Speaker 5: making sacrifices elsewhere a queen.
5:34
Speaker 1: Yeah, so investing in property.
5:37
Speaker 5: Yeah, I know. But other than that, I think there
5:40
Speaker 5: was a lot of encouragement, I would say to save money.
5:47
Speaker 5: In saying that money was a topic that was never
5:51
Speaker 5: really spoken about. I vividly remember, you know, asking her
5:55
Speaker 5: when I was probably about eight, you know, what certain
5:58
Speaker 5: things would cost, and what would a house cost, and
6:00
Speaker 5: this and that, and she pretty much sushed me and said,
6:03
Speaker 5: why are you so obsessed with money? You don't talk
6:05
Speaker 5: about that, blah blah blah, and oh. So it was
6:08
Speaker 5: one of those things that yeah, I never Yeah, it
6:12
Speaker 5: was just a topic I never really got to speak
6:14
Speaker 5: too much about. But I did, you know, have that
6:19
Speaker 5: habit of saving money that was up until I moved
6:24
Speaker 5: out and realized what everything actually costs. I was also
6:28
Speaker 5: on a low income when I moved out, and think
6:33
Speaker 5: he's got a little bit out of control.
6:36
Speaker 1: Oh, really somewhat, Yeah, what do you mean out of control?
6:41
Speaker 5: Well, I was pretty good until it's just going to
6:45
Speaker 5: sound really bad, and I don't mean it in a
6:47
Speaker 5: bad way towards my husband, But when we combined finances,
6:52
Speaker 5: we were very separate people or different people. So he
6:57
Speaker 5: was a bit of a spender and I was a saver.
6:59
Speaker 5: And because we had then joint funds, I didn't feel
7:03
Speaker 5: like I had a right to tell him not to
7:06
Speaker 5: spend on certain things. So I kind of let it go.
7:10
Speaker 5: And then one credit card ended up into two credit cards,
7:15
Speaker 5: which then ended up into three, so and.
7:18
Speaker 1: It just keeps rolling. I actually think that that's more
7:22
Speaker 1: common than we think it is. A lot of people
7:25
Speaker 1: end up combining finances and it could be your situation
7:28
Speaker 1: where you didn't want to tell your partner like not
7:30
Speaker 1: to spend it, or people get into relationships combine finances
7:35
Speaker 1: and then kind of breed this massive sigh of a
7:37
Speaker 1: relief and go, I don't have to worry about it
7:39
Speaker 1: anymore because it's all combined. And so they just don't
7:42
Speaker 1: track their spending anymore. And it's snowballs. Like I've said
7:45
Speaker 1: it before on the show, nobody gets into debt on purpose,
7:48
Speaker 1: and I guarantee it you wouldn't have been in that situation.
7:51
Speaker 1: It just kind of snowballs over time, and you stick
7:54
Speaker 1: your head in the sand and one thing leads to
7:56
Speaker 1: another and eighty grand in debt and you just don't
7:59
Speaker 1: know where it's all.
8:00
Speaker 5: Right, yeah, exactly. And the thing is, you know, the
8:03
Speaker 5: first credit card, it had a ten thousand dollar limit,
8:06
Speaker 5: and then he tried to roll it over to another
8:10
Speaker 5: bank to get the interest free thing.
8:12
Speaker 1: Very common.
8:13
Speaker 5: Yeah, they would only cover six thousand, so they then
8:16
Speaker 5: gave him a six thousand credit card, and I didn't
8:18
Speaker 5: realize because I suppose communication around money also wasn't probably
8:23
Speaker 5: where it needed to be, and so that sixteen thousand
8:29
Speaker 5: ended up being sixteen thousand maxed out between two credit
8:34
Speaker 5: cards rather than paying the other four grand down on
8:37
Speaker 5: the other one and then closing it. But then on
8:40
Speaker 5: top of that, we then also both ended up with.
8:43
Speaker 1: A car loan out out.
8:47
Speaker 5: So yeah, lifestyle creep got us when we started to
8:51
Speaker 5: earn more money, got you really good? Hey, it's did
8:55
Speaker 5: all right, Let's.
8:55
Speaker 1: Move into the next questions because I have so many questions,
8:58
Speaker 1: but I know woman to leave the part to the end.
9:01
Speaker 1: My friend, what do you do for work now? And
9:04
Speaker 1: how much money do you earn?
9:06
Speaker 5: So when I got hurt, I was in the mining
9:11
Speaker 5: industry as a truck driver. I was on a permanent wage,
9:15
Speaker 5: so I was on salary of one hundred and twelve grand,
9:19
Speaker 5: and that also had a ten percent super and ten
9:23
Speaker 5: percent bonus every year, so the total was about one
9:26
Speaker 5: hundred and thirty seven thousand.
9:28
Speaker 1: Oh my gosh, to do mining and truck driving. That
9:32
Speaker 1: is epic. I've always known that mining have really good salaries.
9:36
Speaker 5: Yes, and to work only six months out of the
9:38
Speaker 5: year technically was what.
9:40
Speaker 2: That is?
9:41
Speaker 1: Genius? No wonder so many people want that.
9:43
Speaker 5: Oh, definitely, Yeah. I was doing one week on, one
9:46
Speaker 5: week off. Oh, and making the.
9:48
Speaker 1: Actual dream and making absolute bank like you arguably would
9:52
Speaker 1: have been making way more than what our community makes
9:55
Speaker 1: on average. And you're working half as hard. Come on now,
9:59
Speaker 1: not pretty much. You're probably working just as hard during
10:02
Speaker 1: that period of time.
10:03
Speaker 5: But oh my gosh, when I'm there, Yes, the lifestyle, yep,
10:07
Speaker 5: it was great. It was like I was a full
10:09
Speaker 5: time worker but also a full time mom, like stay
10:12
Speaker 5: at home mum.
10:13
Speaker 1: I like that for you, it was so good, the best.
10:17
Speaker 1: But you did mention in passing that you are currently
10:20
Speaker 1: on workers' compensation. How much does that pay and how
10:23
Speaker 1: does that work?
10:24
Speaker 5: So I'm still in the middle of it yet. So
10:29
Speaker 5: at the moment, my employer is still paying me, although
10:34
Speaker 5: it is less than before, so I don't have an
10:38
Speaker 5: actual salary figure to compare it to, but there is
10:44
Speaker 5: a four hundred and fifty dollars difference every fortnight after
10:47
Speaker 5: tax that hits my account. That will change very soon
10:52
Speaker 5: again though, because they are trying their darndaest to fire me,
10:58
Speaker 5: which apparently is perfectly illegal.
11:01
Speaker 3: Really.
11:02
Speaker 5: Yes, and my new salary, once the insurance company picks
11:08
Speaker 5: it up, will be a whopping twenty six thousand dollars
11:12
Speaker 5: per annum.
11:13
Speaker 1: Oh my gosh. Yeah, and you mentioned before that you're
11:17
Speaker 1: a mum. We hadn't talked about that yet, but that
11:21
Speaker 1: is a significant difference when you're supporting a family, like huge,
11:25
Speaker 1: significant difference for anybody, but like you've got the responsibility
11:29
Speaker 1: of small humans on top of all of that. You
11:32
Speaker 1: must be so stressed, my friend.
11:34
Speaker 5: It has been the darkest time of my life.
11:39
Speaker 1: I'm so sorry.
11:41
Speaker 5: It's okay. I just think that's why it's really important
11:44
Speaker 5: to speak about because you know, you mentioned before me
11:48
Speaker 5: that it is quite common, and it really is. You know,
11:52
Speaker 5: I'm one of four people that I know wow, and
11:55
Speaker 5: I'm yeah, I'm sure there is plenty others that I
11:59
Speaker 5: don't know about. And that's just in my workplace alone.
12:02
Speaker 1: Oh, I'm so sorry. I'm going to get into asking
12:06
Speaker 1: more questions about this after because they do try to
12:08
Speaker 1: stick to it. But yeah, oh, let's come back to
12:12
Speaker 1: that hot minute. Next question, my friend, just what's currently
12:16
Speaker 1: your big money goal.
12:18
Speaker 5: So my husband and I really want to get out
12:22
Speaker 5: of the town that we're in. So we are living
12:24
Speaker 5: and owning at home with a mortgage in the mining
12:28
Speaker 5: town that I was working in. He and I both
12:32
Speaker 5: have different goals now that we won't really be able
12:36
Speaker 5: to achieve here anyway, so we want to move into
12:43
Speaker 5: a bit closer to the city. So the next big
12:47
Speaker 5: money goal would be trying to buy a house closer
12:51
Speaker 5: to the city. But to do that, we are looking
12:54
Speaker 5: at a mortgage. It's probably going to be at least
12:56
Speaker 5: three times the size of our current mortgage. That's even
13:01
Speaker 5: after the nice deposit that we'll have once we sell
13:04
Speaker 5: this place. So I'm trying to save up as much
13:07
Speaker 5: money as i can while I am still on that
13:10
Speaker 5: nicer income because I would like to pay for you know,
13:15
Speaker 5: stamp duty and everything out of pocket. I don't want
13:18
Speaker 5: to have that in the mortgage, So just try to
13:20
Speaker 5: save all those fees while I'm still doing a bit
13:24
Speaker 5: of market research and shopping around trying to find different
13:28
Speaker 5: locations with prices that I'm comfortable with.
13:30
Speaker 1: Fair call fair coal. All right, Next question is do
13:35
Speaker 1: you currently have any investments.
13:37
Speaker 5: I do, so if you ask me this question two
13:41
Speaker 5: weeks ago, I would have said I had eighty thousand
13:43
Speaker 5: dollars in super that's currently sitting at seventy seven four hundred.
13:48
Speaker 5: But I'm not too worried. That's why.
13:51
Speaker 1: That's yeah, right, These things fluctuate over time.
13:54
Speaker 5: Exactly, and I'm still young. I've got heaps of time.
13:57
Speaker 5: On top of that, I have one thousand dollars in spaceship.
14:01
Speaker 5: I do still salary sacrifice one hundred and fifty dollars
14:04
Speaker 5: into souper every fortnight. And I do own an investment
14:08
Speaker 5: property with my mom and we own that outright.
14:11
Speaker 1: Oh my gosh, you're a queen. Check you out. Single
14:16
Speaker 1: mom now owns an investment property with her daughter. Is
14:19
Speaker 1: she insanely proud of what she's done?
14:22
Speaker 5: Yes, definitely. She still owns between my stepdad and her,
14:28
Speaker 5: she owns four, but she has her name on three.
14:31
Speaker 1: Need money diary what I'm gonna get to her later. Yeah,
14:36
Speaker 1: we're going to move on to the next question though,
14:39
Speaker 1: money diars. This one's an exciting one. Do you have
14:43
Speaker 1: any debts?
14:44
Speaker 5: Yes, I do. I currently have a mortgage of two
14:48
Speaker 5: hundred and eight thousand.
14:49
Speaker 1: But that's it, isn't it.
14:52
Speaker 4: That is it?
14:52
Speaker 1: There is no consumer debt, There are no credit cards,
14:55
Speaker 1: there are no personal loans, there is nothing. You just
14:58
Speaker 1: have good debt. Isn't that exciety?
15:00
Speaker 5: That is it? And I did just have a five
15:03
Speaker 5: thousand dollars HEX bill, but that's about to get wiped,
15:07
Speaker 5: so that's not even a debt.
15:08
Speaker 1: Gosh, you're not even gonna have hex anymore.
15:11
Speaker 5: Nope. Oh my gosh.
15:12
Speaker 1: I know you're going through a lot of stress. And
15:14
Speaker 1: you were saying before it's super dark, and I totally
15:16
Speaker 1: get that, but holy moly, a lot of people would
15:20
Speaker 1: dream to be in a similar position when it comes
15:22
Speaker 1: to not being in debt and you know, finally getting
15:24
Speaker 1: out of hex and oh, I'm like, I'm so proud
15:27
Speaker 1: of you at the same time as going, oh my gosh,
15:29
Speaker 1: how do we help you make sure this is all?
15:31
Speaker 2: I know?
15:33
Speaker 5: I find I feel a little bit guilty sometimes too
15:36
Speaker 5: when I do feel down about my situation, because I
15:41
Speaker 5: know that there really is a lot of privilege there
15:45
Speaker 5: and I am still lucky to have what I have,
15:48
Speaker 5: especially at this young age. So I'm losing a lot,
15:53
Speaker 5: but I already have a lot as well. It's kind
15:57
Speaker 5: of like a yeah yo yo effect with my own
16:00
Speaker 5: emotions about.
16:01
Speaker 1: It's such an interesting space to be in at the moment,
16:05
Speaker 1: and I feel like, you know, cancel culture on social
16:09
Speaker 1: media and the pressure that we're all under to make
16:12
Speaker 1: sure that we're acknowledging our privilege always, which I think
16:16
Speaker 1: is really important, but also seeing what's going on in
16:19
Speaker 1: the media often makes you feel even more guilty for
16:22
Speaker 1: feeling bad about a situation that you're in. And I
16:24
Speaker 1: think now is a really good time to remind you that,
16:27
Speaker 1: you know, just because you're going through something doesn't mean
16:30
Speaker 1: you have to go, oh my god, but somebody else
16:32
Speaker 1: has it worse. You're right, there is always going to
16:34
Speaker 1: be someone who has it worse, absolutely, but that doesn't
16:38
Speaker 1: invalidate that we are going through something that is traumatic
16:41
Speaker 1: or upsetting or you know, not what we want to
16:44
Speaker 1: go through ourselves. And I think so quickly we put
16:47
Speaker 1: so much pressure on ourselves, which then translates into guilt
16:50
Speaker 1: and feeling like trash about a situation because you're like,
16:54
Speaker 1: oh my god, like I feel so bad, and you
16:56
Speaker 1: genuinely would be so stressed about losing your income, and
16:59
Speaker 1: I'm sure there are people thinking, you know, listening to this, going,
17:02
Speaker 1: oh what she worried about? Like she's fine, Like she's
17:05
Speaker 1: going to lose her income, big whoop, and like that's
17:07
Speaker 1: not the point. The point is your situation is dramatically
17:11
Speaker 1: going to change. You've worked your butt off to get
17:13
Speaker 1: to exactly where you are, and you absolutely deserve it,
17:16
Speaker 1: and the right thing is not being done by you
17:19
Speaker 1: right now, by an employer who should arguably be looking
17:22
Speaker 1: after you. And I think that that shouldn't be downplayed,
17:25
Speaker 1: Like just because you're right, somebody else has it worse,
17:27
Speaker 1: and somebody else is still in debt, and somebody else
17:30
Speaker 1: is going through something that you know, we would never
17:32
Speaker 1: wish upon anybody. It doesn't invalidate the fact that your
17:35
Speaker 1: situation is emotionally draining and hard and a challenge. And
17:40
Speaker 1: I just think that whatever you're going through, stop downplaying
17:44
Speaker 1: the fact that it's you know, oh, it's not so bad.
17:47
Speaker 1: Somebody else has it worse, Like you can have those
17:50
Speaker 1: upset times, like, don't not be upset because somebody has
17:53
Speaker 1: it worse. That just makes us feel guilty and it
17:55
Speaker 1: doesn't help anybody grow.
17:57
Speaker 5: Yeah, you're so right, and thank you so much for
17:59
Speaker 5: saying that. I suppose a lot of my frustration comes
18:04
Speaker 5: from the fact that I didn't ask for this, and
18:07
Speaker 5: I also didn't hurt myself. Somebody else hurt me. Oh so, yeah,
18:15
Speaker 5: it's been very difficult, very frustrating. Yeah, I've gone through
18:22
Speaker 5: the motions, I think. To be honest, I think I've
18:25
Speaker 5: gone through grief and.
18:27
Speaker 1: Are going through grief. That's exactly what it is.
18:30
Speaker 5: Yeah, I totally have been grieving my past life, or
18:35
Speaker 5: at least life how it was, and knowing that the
18:39
Speaker 5: person who did this to me can live as normal.
18:45
Speaker 5: They don't lose anything, they didn't even get in trouble.
18:48
Speaker 5: In fact, they didn't even know that they had hurt
18:50
Speaker 5: me until months later.
18:53
Speaker 4: Oh my god.
18:54
Speaker 1: Oh okay, I'm going to ask you about that later
18:56
Speaker 1: because I feel like that's a really deep conversation to
18:58
Speaker 1: have and I really want to understand the semantics of that.
19:02
Speaker 5: But yeah, oh I'm.
19:03
Speaker 1: So sorry, my friend. That sounds that sounds hit.
19:07
Speaker 5: It's been horrific, and that is an understatement. Oh my love.
19:15
Speaker 1: All right, I have to ask the next money question.
19:19
Speaker 1: The next money question, my friend, is, in light of
19:24
Speaker 1: all that negativity, what's your best money habit?
19:26
Speaker 5: My best money habit is shopping around for the best deal, Yes, queen,
19:31
Speaker 5: So I don't care if something takes me three days,
19:34
Speaker 5: three weeks. I will buy something at the cheapest possible
19:38
Speaker 5: price for the highest possible quality.
19:42
Speaker 1: Oh my gosh, I adore that. I feel like that
19:44
Speaker 1: is so me as well.
19:45
Speaker 5: Yeah, especially now that I have so much time at home.
19:49
Speaker 5: I mean not so much now I'm doing UNI, but yeah,
19:52
Speaker 5: I shop around and that includes utilities, items, clothing, everything.
19:59
Speaker 1: Oh my gosh, I love that. What's the most recent
20:01
Speaker 1: money when you had.
20:03
Speaker 5: Other than my scholarshipy lifestyle and a scholarship most recent
20:10
Speaker 5: I haven't done it yet, but I've been looking through
20:15
Speaker 5: car insurance at the moment because my renewal has just
20:20
Speaker 5: come and it has just gone through the roof. So
20:24
Speaker 5: who I'm with now to who I'm possibly going to,
20:27
Speaker 5: there'll be a fifty dollars savings each month, Oh each month,
20:31
Speaker 5: each month.
20:32
Speaker 1: That's a money win for sure, legend. I love that.
20:37
Speaker 1: To counteract this, what are you bad at? What's the
20:40
Speaker 1: worst money habit you have?
20:42
Speaker 5: Worst one would be playing iou with myself, So every
20:47
Speaker 5: so often I'll take from one account to use it elsewhere.
20:51
Speaker 5: But in saying that, it is very controlled. As soon
20:55
Speaker 5: as I move anything, it's written down and it goes
20:58
Speaker 5: back next pay out of you know, the bucket that
21:01
Speaker 5: that was supposed to come from. So I'm pretty much
21:03
Speaker 5: playing after pay with myself, and I'm totally okay with that.
21:08
Speaker 3: Rather you play after pay with yourself than play after
21:10
Speaker 3: pay with actual after pay so exactly.
21:14
Speaker 1: Oh my god, yes, I feel like that's such a
21:17
Speaker 1: cool thing as well, to be able to play after
21:19
Speaker 1: pay with yourself. Like you said, that's a bad habit,
21:22
Speaker 1: but the fact that you're you know, maybe dipping into
21:24
Speaker 1: some savings or something that was allocated for something else,
21:27
Speaker 1: but doing an iou nah, that's responsible. That's a good
21:31
Speaker 1: money habit because a lot of people would just dip
21:34
Speaker 1: in and be like, let's pretend it didn't happen.
21:36
Speaker 5: Yeah no. But every time I do it, I kind
21:39
Speaker 5: of think to myself, Oh, maybe I should redo the budget.
21:43
Speaker 5: Maybe this is something I should have budgeted for. So
21:45
Speaker 5: I do write that down as well, and I am
21:47
Speaker 5: at the point where I need to go back through
21:49
Speaker 5: and redo the budget, especially now that my wage is
21:53
Speaker 5: going to drop again very soon.
21:55
Speaker 1: I'm glad that you're thinking about that though, you're not
21:58
Speaker 1: just burying your head in the sand. I need to
21:59
Speaker 1: find it new catchphrase, jes Let's work on that after
22:03
Speaker 1: the show, because bury your head in the sand is
22:05
Speaker 1: getting really old after four seasons. But I do genuinely
22:09
Speaker 1: think that that's really empowering to hear that you are
22:11
Speaker 1: on top of your budget and you're like, you know what,
22:13
Speaker 1: we're going to have to rework this and be on
22:15
Speaker 1: top of it, because so many people would actually end
22:18
Speaker 1: up in consumer debt after this situation because they would
22:21
Speaker 1: just go, all right, well, I'm going to continue to
22:23
Speaker 1: live the same lifestyle with the same spending habits when
22:26
Speaker 1: I had a higher income. And I've seen it a
22:29
Speaker 1: lot of times from a lot of people because they
22:32
Speaker 1: just weren't ready to deal with it, and it was
22:35
Speaker 1: I get it. You might not be ready, but you
22:37
Speaker 1: kind of have to force yourself into being ready because
22:40
Speaker 1: you're not choosing when your income's changing.
22:42
Speaker 5: My friends, No, And something that keeps playing on my
22:45
Speaker 5: mind is I started this finance journey six months before
22:52
Speaker 5: I got hurt, and back then I was thinking to myself,
22:57
Speaker 5: what happens if, for some reason, I end up on
23:01
Speaker 5: a forty K wage again, like I used to be on,
23:05
Speaker 5: I can't maintain our lifestyle, especially with all of the
23:09
Speaker 5: bills when we were so deep in that consumer debt
23:13
Speaker 5: as well as mortgage and normal bills and everything else
23:16
Speaker 5: that comes with owning a house. So it was nearly
23:19
Speaker 5: like something was telling me that I needed to sort
23:22
Speaker 5: it out because something was coming. And I'm just so
23:25
Speaker 5: grateful and so thankful towards myself for actually getting all
23:31
Speaker 5: that done before I did lose my wage, because otherwise
23:36
Speaker 5: the bills would have stacked up and so would of
23:38
Speaker 5: the debt.
23:39
Speaker 1: So I'm so proud of you. I'm so proud.
23:43
Speaker 5: Even though I'm losing my wage, I still know that
23:45
Speaker 5: we're going to be okay, and we will still be
23:48
Speaker 5: able to put some savings aside while I'm on that
23:52
Speaker 5: as well.
23:53
Speaker 1: Okay, that's a good position to be in. But it
23:56
Speaker 1: breaks my heart that you've been working so hard and
23:58
Speaker 1: sacrificing so much much to not be looked after. Like, honestly,
24:04
Speaker 1: it's frustrating me beyond belief. I can't tell you the
24:07
Speaker 1: gripe I have right now. I want to be asking
24:09
Speaker 1: who your employee is, and I want to talk to them.
24:11
Speaker 1: I want to like run up to them and be like,
24:13
Speaker 1: excuse me, do you know what she's on? The money
24:15
Speaker 1: could do if we talked about this, But that's not
24:17
Speaker 1: what we should do. That's not the right thing, Victoria.
24:20
Speaker 5: And you would die if I told you who my
24:22
Speaker 5: employer was, because they are worldwide known.
24:25
Speaker 1: I am going to ask you when we're not recording
24:27
Speaker 1: a podcast, my friend, all right, speaking about money habits
24:31
Speaker 1: money diarist, I have to ask you. I know you're
24:34
Speaker 1: really good at finding a bargain, but do you use shopback?
24:38
Speaker 5: I do use shop back?
24:40
Speaker 1: Of course she does.
24:41
Speaker 4: Jess.
24:41
Speaker 5: Of course she does, yes, but only when that is
24:45
Speaker 5: the best deal that's out there.
24:48
Speaker 1: So are you saying you're finding better deals?
24:51
Speaker 5: Yeah? Sometimes?
24:52
Speaker 1: Oh my god, tell us how.
24:55
Speaker 5: Being a UNI student, I have access to UNI Days.
24:59
Speaker 1: Oh that's a good one, and I don't get access
25:01
Speaker 1: to that I'm envs.
25:03
Speaker 5: Yeah, it's pretty good. But on top of that, I
25:06
Speaker 5: just kind of get online on Google, and I like
25:10
Speaker 5: to Google, you know, say, if I'm shopping at Meyer
25:14
Speaker 5: or somewhere random, I'll just type in the company and
25:18
Speaker 5: discount code, and sometimes Google comes up with ones that
25:22
Speaker 5: I can use.
25:23
Speaker 1: Oh my god, so good.
25:25
Speaker 5: Yeah, Or if it's a brand, say like Moody Body
25:28
Speaker 5: for example, that influencers tend to promote. I just go
25:32
Speaker 5: to their tagged Instagram and try to find a discount.
25:36
Speaker 1: Oh my god, that is a genius hack. But money Diarist,
25:40
Speaker 1: you know you can use discount codes with shot back, right,
25:43
Speaker 1: so you can like double whammy them together.
25:45
Speaker 5: I did not know that. What are you doing?
25:48
Speaker 4: Oh my goodness.
25:50
Speaker 1: So I turned shop back on and then it check out.
25:53
Speaker 1: You can put your little discount code in. I mean
25:55
Speaker 1: sometimes it might go invalid and you'll be like, oh,
25:58
Speaker 1: getting the bin and then pick which works best for you.
26:01
Speaker 5: Yeah.
26:01
Speaker 1: But I have actually shot back so many times when
26:04
Speaker 1: I've like signed up to a website. Because this is
26:06
Speaker 1: also me being cheeky, Like if I want to buy something,
26:08
Speaker 1: I will check the website, and nine times out of ten,
26:11
Speaker 1: if it's a bigger retailer, they will have like a
26:14
Speaker 1: sign up to our edm to get ten percent off
26:17
Speaker 1: your first order. I can tell you right now that works.
26:19
Speaker 1: We shot back, so you get both.
26:22
Speaker 5: That's a good tip because I do that too, and
26:24
Speaker 5: I just changed my email every time. Haha.
26:27
Speaker 1: You're way more committed than I am.
26:30
Speaker 5: I like a bargain. I don't like paying full price
26:33
Speaker 5: for anything.
26:34
Speaker 1: That is so fair. But last question of the set
26:38
Speaker 1: series of questions, I feel like this is going to
26:41
Speaker 1: be a goodie though. What grade would you give yourself
26:44
Speaker 1: if I forced you to give yourself a money grade?
26:47
Speaker 5: I would give myself a B. And I'm saying that
26:51
Speaker 5: because I am really happy with what I've already done.
26:55
Speaker 5: I'm so thankful that I had the tools and the
26:59
Speaker 5: nolly and the drive and the motivation to get it done.
27:03
Speaker 5: The reason I can't give myself an A is because
27:08
Speaker 5: I was under the assumption that I had income protection
27:12
Speaker 5: insurance through my superannuation, and I yes, and I did not.
27:18
Speaker 5: So if I had.
27:19
Speaker 1: That, you'd be in a very different position.
27:22
Speaker 5: Yeah, the income thing wouldn't have been such a big issue.
27:27
Speaker 1: Far out Brussels Sprout. Let's go to a quick break
27:30
Speaker 1: and then I'm going to ask you so many questions
27:32
Speaker 1: about this because I feel like we can all learn
27:35
Speaker 1: so much from you. All Right, So we are chatting
27:38
Speaker 1: to a money DRS who has been through an absolute
27:41
Speaker 1: rollercoaster financially. You've gone from being an eighty thousand dollars
27:45
Speaker 1: worth of personal debt to being out of that situation
27:48
Speaker 1: to now being on workers' compensation, which you feel like
27:52
Speaker 1: you're about to lose. So I want to talk a
27:55
Speaker 1: little bit more about that process and what it means
27:57
Speaker 1: and how it works, because I'm very great, but I've
28:00
Speaker 1: never been on workers' compensation, but I can imagine it's
28:04
Speaker 1: quite a stressful process with making sure that you're claiming
28:07
Speaker 1: the right things and doing the right things. But before
28:10
Speaker 1: we get there, can we ask a little bit more
28:12
Speaker 1: about your accident and how you ended up in this position? Yeah,
28:16
Speaker 1: for sure, So, my friend, what happened? You were at work?
28:20
Speaker 5: I was I was at work under normal conditions. I
28:24
Speaker 5: was in my truck and I went to go and
28:27
Speaker 5: get a load of dirt, and the digger operator he
28:32
Speaker 5: picked up a bit of wet material which acts a
28:37
Speaker 5: little bit different to dirt, as one could assume, and
28:42
Speaker 5: it got stuck in his bucket and all came out
28:45
Speaker 5: at once into the back of my tray. So instead
28:48
Speaker 5: of having like a smooth movement, he dropped one hundred
28:54
Speaker 5: and twenty tons worth of material in the back of
28:56
Speaker 5: my tray at once and nearly put me through the roof.
29:01
Speaker 4: Oh my god, Yeah, that is so scary.
29:04
Speaker 1: That's terrifying.
29:06
Speaker 4: Yeah, I'll be the first of me.
29:07
Speaker 3: I have no understanding of his industry at all or
29:09
Speaker 3: how anything works, but I would assume when you're working
29:13
Speaker 3: in kind of a more high risk situation where you're
29:15
Speaker 3: working with large quantity use and materials and things, is
29:18
Speaker 3: there a process that should have been followed in that
29:21
Speaker 3: situation that wasn't.
29:23
Speaker 5: Yes, most definitely so. In the procedure, and this is
29:28
Speaker 5: pretty much industry ride, it says that they need to
29:32
Speaker 5: get what they call fines, which is just basically like
29:35
Speaker 5: normal dirt, right, So no rocks, no nothing, just the
29:38
Speaker 5: smallest stuff that they have, and they put that in
29:41
Speaker 5: the bottom of your tray first to act as like
29:43
Speaker 5: a cushion so that then they can put the bigger
29:45
Speaker 5: stuff on top. The stuff that he picked up was
29:48
Speaker 5: like a wet clay material, so even though it wasn't big,
29:53
Speaker 5: he probably just assumed that it would come out as normal. However,
29:58
Speaker 5: this material I had clay in it, so it all
30:02
Speaker 5: stuck together in one big chunk and it didn't come
30:05
Speaker 5: out of his bucket until he'd put the full thing
30:08
Speaker 5: over my truck. And yeah, one hundred and twenty tons
30:11
Speaker 5: came out at once and just went bang.
30:14
Speaker 3: What did that feel like? Sitting in a car? When
30:17
Speaker 3: did you have your seatbelt on? I mean, you were stationary,
30:19
Speaker 3: so you did all that sucky, But did you physically
30:22
Speaker 3: lift up like I'm imagining that the whole thing like
30:25
Speaker 3: a sea Sawdier just went ooh.
30:27
Speaker 5: That's exactly what happened. And these trucks, I don't know
30:30
Speaker 5: if you've seen them, but they're huge. They're massive.
30:33
Speaker 1: They look pretend.
30:34
Speaker 5: Yeah, they're like the size of a two story house.
30:38
Speaker 5: And the force that this created ended up lifting the
30:45
Speaker 5: whole front of the truck off the ground.
30:48
Speaker 1: And he did back to what he'd done.
30:50
Speaker 3: Nope, Oh my goodness. So that happened. Did you feel
30:55
Speaker 3: the pain immediately or is it something that after you'd
30:58
Speaker 3: gone home from the day you kind of, oh, something's
31:00
Speaker 3: all right.
31:01
Speaker 5: Yeah, that's the thing I didn't. I felt like a jump,
31:05
Speaker 5: as you could only imagine. But you know when you know,
31:10
Speaker 5: you hit a bump in the road and you kind
31:12
Speaker 5: of jump and you're like, oh my god, that scared me.
31:14
Speaker 5: I wasn't expecting that. I kind of had that feeling
31:17
Speaker 5: and it was kind of like the feeling of that
31:19
Speaker 5: in your stomach, but it was in my back as well.
31:22
Speaker 5: It was kind of like full body, but it didn't hurt,
31:25
Speaker 5: so I thought I was fine. I was just like,
31:27
Speaker 5: oh my god, that scared the hell out of me,
31:30
Speaker 5: and kind of kept going with it. It wasn't until I
31:34
Speaker 5: got to the top of the dump, so I, you know,
31:36
Speaker 5: drove it up to where I had to put this
31:38
Speaker 5: dirt and I went to reverse backwards. And in these trucks,
31:45
Speaker 5: the cabs are so big that you have to lean
31:48
Speaker 5: forward to look out your mirror so that you can reverse.
31:52
Speaker 5: And that motion of leaning forward, I felt like a
31:56
Speaker 5: It was kind of like between a pinch and a pull,
31:59
Speaker 5: and I was like, oh my god, I have actually
32:02
Speaker 5: done something. Go something's not right. So I called up
32:08
Speaker 5: my supervisor, who then came to see me, and they
32:13
Speaker 5: took me up to do a drug test and a
32:16
Speaker 5: statement before I was even seen by paramedics.
32:19
Speaker 4: You're joking what I'm not.
32:22
Speaker 1: That's disgusting. That's actually disgusting.
32:25
Speaker 5: Yeah, horrific that.
32:28
Speaker 1: I feel like you're going to carry some trauma from
32:30
Speaker 1: that as well.
32:31
Speaker 5: That's yeah, that's huge up, which is why it's another
32:34
Speaker 5: reason why we want to get out of this town.
32:36
Speaker 5: I just I can't be here. I want to just
32:39
Speaker 5: move on with my life, and I can't move on
32:41
Speaker 5: probably while I'm still surrounded by the same people.
32:44
Speaker 1: Gross, I'm so sorry. That is so trash. The fact
32:48
Speaker 1: that they didn't even seek medical help. Are you suing
32:52
Speaker 1: this legally? I am yeah, great, good good. That's what
32:56
Speaker 1: I would do. That's exactly what I would do. And
32:58
Speaker 1: if you weren't doing it, that's what i'd say.
33:00
Speaker 5: Do yes, And I'm happy to talk about that too,
33:03
Speaker 5: because there are quite a few options that I can
33:06
Speaker 5: pick from, or you know, paths I can choose to
33:10
Speaker 5: go down, and they're all completely different.
33:12
Speaker 1: Oh my gosh, my heart. This just sounds like a
33:16
Speaker 1: whole heap of stress. Like it sounds like so much
33:19
Speaker 1: is going on. The fact that the company, we're trying
33:21
Speaker 1: to protect themselves before even looking after you medically, that's
33:26
Speaker 1: messed up. But the fact that now it's in your
33:29
Speaker 1: hands to probably pursue all of this, Like, no one's
33:32
Speaker 1: going to help you do that, no one's gonna go
33:34
Speaker 1: all right, money, diarist, you need to get a lawyer
33:37
Speaker 1: and do this and that. How have you learned? How
33:39
Speaker 1: have you I guess worked out what the next steps
33:42
Speaker 1: are without going into hundreds of thousands of dollars worth
33:45
Speaker 1: of legal costs.
33:46
Speaker 5: When I realized that no one was on my side, you.
33:50
Speaker 1: Know, so we're on your side, I promise.
33:54
Speaker 5: Thank you. I keep saying to my husband, thank God.
33:58
Speaker 5: Family life is so good because yeah, between my employer,
34:04
Speaker 5: my doctors, my specialists, my physiotherapists, the insurance company, and
34:09
Speaker 5: all my other rehab providers, they're all working together as
34:12
Speaker 5: one team. And then there's me. When I realized that
34:17
Speaker 5: they were looking after themselves and no one was actually
34:20
Speaker 5: really looking after me, that was when I was like, Okay,
34:24
Speaker 5: I need someone on my team. So I went and
34:26
Speaker 5: sought out a lawyer. I had the first lawyer for
34:31
Speaker 5: a little while, but I didn't really click with him,
34:34
Speaker 5: and I didn't really feel like he was on my
34:36
Speaker 5: team so much either. So I went and found another lawyer,
34:41
Speaker 5: and I'm so glad I found her. She's fantastic. The
34:45
Speaker 5: line of communication is great. I speak to her weekly.
34:49
Speaker 5: If ever I have any question, no matter how big
34:52
Speaker 5: or small, she's there to answer it straight away. Yeah,
34:55
Speaker 5: she's finally I have someone on my team that can
34:58
Speaker 5: actually help me.
35:00
Speaker 3: Oh my gosh, it's so sad. That you need to
35:04
Speaker 3: like find or work so hard to find people to
35:07
Speaker 3: support you, Like in this situation, you've done nothing wrong,
35:11
Speaker 3: you know, it's such bad luck that it had literally
35:14
Speaker 3: nothing to do with you. And I'm so sorry that
35:17
Speaker 3: it is really challenging to find that support network to
35:21
Speaker 3: help you through something that you've got no training and
35:23
Speaker 3: you've got no understanding in, and nor would anybody expect
35:27
Speaker 3: you to. So I can only imagine how stressful that
35:30
Speaker 3: would have been on top of the pain, on top
35:32
Speaker 3: of everything else that you're managing all at once.
35:35
Speaker 5: Yeah, exactly. And it's sad that I had to find
35:39
Speaker 5: a lawyer, like it had to go as far as
35:42
Speaker 5: to finding a lawyer who was then going to be
35:44
Speaker 5: on my team. Like I just feel like and I
35:48
Speaker 5: wish it didn't have to go that far, Like I
35:50
Speaker 5: wish I was just looked after I was rehabilitated and
35:54
Speaker 5: then you know, I just go back to work. But
35:57
Speaker 5: that's not the case.
36:00
Speaker 4: And they've just been really difficult the whole way along.
36:02
Speaker 5: Have they really difficult. So in two weeks time, I
36:05
Speaker 5: have to go for a full medical assessment with a
36:08
Speaker 5: doctor that's employed by the company that I work for.
36:12
Speaker 5: It's a two and a half hour assessment, and I
36:15
Speaker 5: know I'm going to be walking out with a bit
36:17
Speaker 5: of paper that says that I have no job.
36:20
Speaker 1: Oh my gosh, that's an actual joke. I am so
36:23
Speaker 1: sorry that that is the case.
36:25
Speaker 5: This isn't even the half of it.
36:27
Speaker 3: Oh.
36:28
Speaker 1: I just I can't comprehend why companies can get away
36:31
Speaker 1: with stuff like this, because obviously there is a certain
36:36
Speaker 1: level of risk involved in your job. That's why you
36:38
Speaker 1: were munerated so well. Like you said before, I'm truck driver,
36:42
Speaker 1: but like, I don't think that really defines what you
36:44
Speaker 1: did before, because if you compare that to a truck
36:46
Speaker 1: driver that you know does deliveries for Woolies, like, that's
36:49
Speaker 1: very different to the fact that you are driving mega
36:52
Speaker 1: trucks and there is mega risk involved. Like I'm not
36:56
Speaker 1: saying that there's no risk in driving trucks as usual,
36:59
Speaker 1: but this is next level, and their insurance arguably would
37:03
Speaker 1: cover them for situations like this, because I guarantee you
37:07
Speaker 1: are not the first person to ever be injured on site,
37:10
Speaker 1: whether you know, someone twists their ankle and breaks their
37:13
Speaker 1: ankle and they're out of work for eight weeks or
37:15
Speaker 1: something way more significant like this has happened to you.
37:19
Speaker 1: I just can't comprehend why they aren't putting you guys
37:22
Speaker 1: in the best possible position, because this is horrendous. Like
37:26
Speaker 1: I just there's no care, there's no love, there's no
37:29
Speaker 1: and I know that you know they don't have to
37:30
Speaker 1: love you, but it just makes no sense that they wouldn't,
37:35
Speaker 1: you know, want to put you in a situation where
37:37
Speaker 1: they're looking after you, given it was their lack of
37:40
Speaker 1: compliance and training that put you in this situation exactly.
37:45
Speaker 1: Oh my heart, I feel so bad. Oh that's such
37:49
Speaker 1: a terrible situation. But I feel like you've got the
37:52
Speaker 1: right people on your team and that there's light at
37:55
Speaker 1: the end of this tunnel, my friend, I really feel
37:57
Speaker 1: like there.
37:58
Speaker 5: Is, I hope, so there has to be.
38:01
Speaker 3: Before we head off. I'm sure, as they said, it's
38:03
Speaker 3: such a common thing. If anyone's listening who is finding
38:06
Speaker 3: themselves in a similar battle to you, where their workplace
38:10
Speaker 3: is perhaps not doing the right thing by them, what
38:12
Speaker 3: would you recommend they do? What first step should they
38:15
Speaker 3: look at taking? Is there a resource they can look
38:17
Speaker 3: into for me?
38:20
Speaker 5: I think it's probably just getting legal advice from the start,
38:26
Speaker 5: even if you don't think you'll need it in the future.
38:30
Speaker 4: Yeah.
38:30
Speaker 5: At least that way, everything's more likely to be documented
38:34
Speaker 5: as well from the beginning, and you will know your
38:38
Speaker 5: rights as well as what you actually have to do
38:41
Speaker 5: to be compliant with their procedures rather than what they
38:46
Speaker 5: want you to do. Yeah, because what you actually have
38:50
Speaker 5: to do and what they want and expect from you
38:52
Speaker 5: are totally different things.
38:55
Speaker 1: Money, Darst. Something that is really important to me, especially
38:58
Speaker 1: because I am a financial advisor, guys, is income protection.
39:02
Speaker 1: And you mentioned very early on that you thought you
39:05
Speaker 1: had income protection through superannuation. Can you take us through
39:09
Speaker 1: why you thought you did and why maybe you don't
39:12
Speaker 1: now and what that looked like.
39:14
Speaker 5: Yeah. So I've kind of always been told, and I
39:19
Speaker 5: know I shouldn't listen to people that don't have finance experience,
39:24
Speaker 5: but I was always kind of told, you know, Super
39:26
Speaker 5: takes care of income protection and TPD and you know,
39:31
Speaker 5: life cover, so I just kind of assumed I had
39:34
Speaker 5: all three. But you know, previously I went and did
39:39
Speaker 5: get you know, a life cover insurance outside of Super,
39:43
Speaker 5: so I wished I looked into the other two and
39:46
Speaker 5: just kind of did both of those as well. So
39:50
Speaker 5: that's that's probably been my biggest money mistake, because if
39:55
Speaker 5: I had that insurance, this twenty six thousand income that
40:01
Speaker 5: I'm now going to be on, it wouldn't have been
40:05
Speaker 5: the worst thing because I would have also had that
40:09
Speaker 5: other insurance to bulk it up.
40:11
Speaker 1: Yeah, and I feel like that would have put you
40:12
Speaker 1: in a position where you wouldn't be having chats with lawyers.
40:16
Speaker 1: I know that you deserve that, and that's really important.
40:19
Speaker 1: But something we've said before on the podcast is sometimes
40:23
Speaker 1: your mental health is actually way more important than the
40:26
Speaker 1: financial benefits that you might get from suing somebody or
40:30
Speaker 1: pursuing something legally, because it's a financial freedom to be
40:35
Speaker 1: financially free, right, and that's something that income protection could
40:39
Speaker 1: have afforded you. No, you wouldn't have got your entire salary.
40:42
Speaker 1: You would have got about seventy five percent of your salary,
40:45
Speaker 1: and then you know, there would have been other insurances
40:48
Speaker 1: that could have topped that up because TBD would have
40:50
Speaker 1: come into play given that you're not able to return
40:53
Speaker 1: to work in the role that you had before. But
40:54
Speaker 1: it just breaks my heart to think that you just
40:56
Speaker 1: assumed that you were in the best possible position because
41:00
Speaker 1: people should look after us, right, like, yes, it's an
41:02
Speaker 1: Australian mentality and like that's such a nice thing, right
41:06
Speaker 1: that we just assume that other people want the best
41:08
Speaker 1: for us. And it kind of breaks this facade when
41:13
Speaker 1: you realize that people don't want the best for you.
41:16
Speaker 1: She's on money community does. But insurers and superannuation companies
41:21
Speaker 1: are just doing the best thing for them as a business,
41:24
Speaker 1: and that's okay, Like that's what should happen. But I
41:27
Speaker 1: think as Australians we just make the grand assumption that
41:30
Speaker 1: it'll be right, they'll look after us. I mean, we
41:32
Speaker 1: live in a world where that is kind of true.
41:35
Speaker 1: But I think we need to really take action when
41:37
Speaker 1: it comes to things like total and permanent disability and
41:40
Speaker 1: income protection, because that's what would have put you in
41:43
Speaker 1: the position where you money direce could have said, you
41:46
Speaker 1: know what, this is really shit. They deserve to get
41:49
Speaker 1: into trouble for it, but it's not worth my mental health.
41:52
Speaker 1: I'm just going to pull the pin on this because
41:54
Speaker 1: financially I am okay, But that is a grace that
41:56
Speaker 1: you don't have right now, and I think that everybody
41:59
Speaker 1: deserves that, regardless of their situation or what has happened
42:03
Speaker 1: to them, and that's what insurance can afford you. And
42:05
Speaker 1: I just think that too many times you go, oh,
42:08
Speaker 1: i'm young, I don't need that, but money darist and
42:11
Speaker 1: everybody can't see you because you are obviously anonymous, but
42:15
Speaker 1: you're twenty nine years old. You are gorgeous, like you are,
42:18
Speaker 1: this gorgeous little blonde thing that I just want to
42:21
Speaker 1: hug and say, I'm sorry that you're going through this.
42:24
Speaker 1: But insurance is not something that you just get when
42:26
Speaker 1: you're older, or just get when you have kids. It's
42:28
Speaker 1: something that we all need and if you're not prioritizing it,
42:31
Speaker 1: you really need to asap exactly.
42:35
Speaker 4: Thank you for sharing your story. I think that it'll agat.
42:38
Speaker 3: I mean we say this whenever we talk about insurances,
42:40
Speaker 3: but you know, it's something that's so common that people
42:43
Speaker 3: don't think about. And this is a situation, as we said,
42:47
Speaker 3: we haven't spoken to anyone on the podcast before going
42:50
Speaker 3: through the worker's comp process and going through that really
42:53
Speaker 3: hard time with their employer where you're having to fight
42:56
Speaker 3: for your rights, which you absolutely shouldn't have to do.
42:59
Speaker 3: And I have no doubt that there are other people
43:01
Speaker 3: in our community who have gone or will go through
43:03
Speaker 3: the same thing. So thank you for being so open.
43:07
Speaker 3: Please keep us updated. Like, I am so angry on
43:10
Speaker 3: your behalf, Like it is just like steaming out of
43:12
Speaker 3: my head like a cartoon character.
43:14
Speaker 4: I'm so mad.
43:15
Speaker 1: Oh way, lord, Yes, you're going through this process.
43:17
Speaker 3: It's just absolutely ridiculous, and I truly hope that you
43:22
Speaker 3: get what you deserve because the fact that they're trying
43:25
Speaker 3: to give you anything less is appalling.
43:27
Speaker 5: Yes, thank you.
43:29
Speaker 1: All right, Well, that unfortunately is all we have time
43:32
Speaker 1: for today, So Jess, do you want to wrap the show?
43:35
Speaker 3: And remember the advice sheared on She's on the money
43:37
Speaker 3: is generally nature and does not consider your individual circumstances.
43:40
Speaker 3: She's on the money existecurely for educational purposes and should
43:44
Speaker 3: not be relied upon to make an investment or a
43:46
Speaker 3: financial decision. And we promise. Victoria Divine is an authorized
43:49
Speaker 3: representative of Infocused Securities Australia Proprietary Limited ABN four seven
43:54
Speaker 3: oh nine seven seven nine seven oh fortnine AFSL two
43:57
Speaker 3: three six five two three.
43:58
Speaker 1: See next week, guys.
43:59
Speaker 5: Bye ye