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MONEY DIARIES: 24 year old with 100K in savings · She's On The Money

• 0:00
  Speaker 1: She's on the Money. She's on the Money.
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  Speaker 2: Hello and welcome to She's on the Money, the podcast
• 0:18
  Speaker 2: for millennials who want financial freedom. My name is Victoria Devine.
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  Speaker 2: I'm a financial advisor, a millennial, and a woman who
• 0:25
  Speaker 2: is wildly passionate about all things finance. In this Money
• 0:28
  Speaker 2: Darry's episode, you are going to be hearing from a
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  Speaker 2: twenty four year old community member who has more than
• 0:34
  Speaker 2: one hundred thousand dollars in savings. We're also going to
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  Speaker 2: hear one how she's done it, but two the importance
• 0:40
  Speaker 2: of having a support system around you and being surrounded
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  Speaker 2: by like minded people. Ryan, what was the email she
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  Speaker 2: sent us this week.
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  Speaker 3: I've recently turned twenty four and I've been working since
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  Speaker 3: I was fifteen years old. I just got my first
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  Speaker 3: corporate job, earning around seventy thousand dollars per year.
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  Speaker 2: That's pretty good corporate job, first.
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  Speaker 3: Union, pretty income. I think I'm pretty deep saving. I've
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  Speaker 3: saved around one hundred and ten thousand dollars.
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  Speaker 2: Oh yeah, just pretty decent.
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  Speaker 3: That's actually ridiculous. That is unbelievable.
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  Speaker 2: But love, though she says, pretty decent.
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  Speaker 3: Well, hang on, it gets worse, worse or better worse.
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  Speaker 3: So that's her saying she's decent at saving, but I'm
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  Speaker 3: actually pretty terrible at being on top of my money
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  Speaker 3: in terms of tracking where it goes each month. I
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  Speaker 3: highly dispute that.
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  Speaker 2: I I'm not gonna lie. Oh I think that the
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  Speaker 2: spoiler here is into her savings.
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  Speaker 3: Yeah, I would love to buy a property in the
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  Speaker 3: near future, but at the same time, I would also
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  Speaker 3: love to live in the Inner West or the city
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  Speaker 3: in Sydney and live out my hipster dreams, which is
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  Speaker 3: obviously quite expensive.
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  Speaker 2: It is so expensive in Sydney to live in anything.
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  Speaker 3: Well, I'm pretty sure it's a million dollars. Like you know,
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  Speaker 3: there's always these viral stories like for a million dollars
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  Speaker 3: you get this rundown shed. Someone's out, all right. She
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  Speaker 3: currently also has ten thousand dollars invested in ETF, but
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  Speaker 3: at twenty four years old, with one hundred and ten
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  Speaker 3: thousand dollars in.
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  Speaker 2: Savings, I want to know where it came from.
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  Speaker 3: It's unbelievable.
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  Speaker 2: Is that too pervy?
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  Speaker 1: No?
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  Speaker 3: And it's I mean, we love relatable stories, but.
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  Speaker 2: We also love inspirational stories. I've asked to do that.
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  Speaker 3: All right, let's call the twenty four year old with
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  Speaker 3: one hundred grand in savings. Hello, so speaking hello? Is
• 2:19
  Speaker 3: this the twenty four year old with one hundred thousand
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  Speaker 3: dollars in savings?
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  Speaker 1: It sure is.
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  Speaker 2: How are you going good?
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  Speaker 3: Thanks? It's Ryan here and Victoria is with us as well.
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  Speaker 1: Hi.
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  Speaker 2: Hi, all right, So let's jump straight in. First question
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  Speaker 2: is what has your relationship with money been like in
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  Speaker 2: the past.
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  Speaker 1: I feel like my relationship with money in the past
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  Speaker 1: has been pretty good, and I think I owe that
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  Speaker 1: a lot to my parents in the sense that they're
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  Speaker 1: healthy with building and the foundation of good money and
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  Speaker 1: saving habits. So I was thought up to really not
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  Speaker 1: buy things unless I had the money to pay for
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  Speaker 1: it out right, So my parents' seven years credit cards
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  Speaker 1: or way vible things like that. So even up until
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  Speaker 1: now at twenty four, I've never had a credit card
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  Speaker 1: or units like the buy now, pay you later type services.
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  Speaker 1: And also on top of that growing up as well,
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  Speaker 1: like when it came to treating myself with things like
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  Speaker 1: I don't know, clothes and whatnot, I'd never really buy
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  Speaker 1: anything on myself on sale.
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  Speaker 2: So what do you do for work now? And how
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  Speaker 2: much do you earn?
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  Speaker 1: So I just finished a two year graduate program in
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  Speaker 1: the telecommunications industry at the end of twenty twenty earning
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  Speaker 1: just under seventy thousand dollars a year including super. But
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  Speaker 1: at the beginning of this year, I'm starting a new
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  Speaker 1: role with an annual salary of ninety four thousand a
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  Speaker 1: year including super.
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  Speaker 2: And how much do you have in your bank account
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  Speaker 2: right now?
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  Speaker 1: So in my bank account right now, I have just
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  Speaker 1: under one hundred and twenty thousand dollars.
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  Speaker 2: Wait, twenty four, I am twenty four.
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  Speaker 1: Just what this goos got?
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  Speaker 3: Like?
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  Speaker 1: Ass with my family for most of my life. So yeah,
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  Speaker 1: and they able to save on costs like rent. And yeah,
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  Speaker 1: I've been working since I could work from a legal age,
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  Speaker 1: so yeah, I think that's definitely helped lodge there.
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  Speaker 2: You're like, no, I was, all right, So what is
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  Speaker 2: your attitude towards money and what is your big money goal?
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  Speaker 1: My attitude towards money, Well, I see money as a
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  Speaker 1: tool and honestly an ingredient for a financial independence and freedom.
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  Speaker 1: I really think it's important to save money for a
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  Speaker 1: rainy day and use money to build future wealth. So
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  Speaker 1: I honestly think this needs to be balanced out with
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  Speaker 1: mind just fully spending it to an enables well the
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  Speaker 1: currently to still enjoy life, whether that includes like spending
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  Speaker 1: money on a holiday or maybe a bougie dinner or
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  Speaker 1: something like that. But yeah, with all of that being said,
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  Speaker 1: I'm not gonna lie. There's been times where I've caught up.
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  Speaker 1: I've been caught up with comparing myself to my peers
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  Speaker 1: and what they earn and what they have. And I
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  Speaker 1: feel like I'm gradually learning to shift my money mindset
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  Speaker 1: to realize that whatever I'm earning and my digits in
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  Speaker 1: my bank account isn't going to determine whether I'm winning
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  Speaker 1: at life in terms of money goals. I'm completed between two.
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  Speaker 1: One part of me would really like to sit down
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  Speaker 1: my route and purchase the property, so Sydney's property prices
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  Speaker 1: really make my eyes water. And then thee in a
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  Speaker 1: wonderlust in me wants to use a portion of my
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  Speaker 1: savings to go traveling or set up myself to work
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  Speaker 1: out a face for a bit and use the rest
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  Speaker 1: of my savings to build up my shares splash investment portfolio.
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  Speaker 2: Awesome, So what is your attitude towards investing and do
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  Speaker 2: you currently have any investments?
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  Speaker 1: So I just got into investing in the share market
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  Speaker 1: last year, from the encouragement of my family. I've tried
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  Speaker 1: to educate myself on it by reading listening to podcasts
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  Speaker 1: like She's on the Money, and I think watching videos
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  Speaker 1: as well helps me because I'm a bit of a
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  Speaker 1: visual learner. But honestly, right now, I would say I'm
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  Speaker 1: still no expert on it by any means, and I
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  Speaker 1: feel like I don't have a complete and full understanding
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  Speaker 1: of it. So I can see the value in it,
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  Speaker 1: and I feel like that's enough. I've lightly looked at
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  Speaker 1: educating myself in property investments as well, but nowhere near
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  Speaker 1: as much as investing in the share market. But yeah,
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  Speaker 1: my only investment right now is about ten thousand dollars
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  Speaker 1: just in an easier at the moment al so.
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  Speaker 2: You do invest that's quite significant. I hope you're proud
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  Speaker 2: of that. So what debts do you currently have?
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  Speaker 1: I currently the only debt I have at the moment
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  Speaker 1: is thirty two thousand dollars of hex steps from my
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  Speaker 1: university degree. I double checked my number as well, I
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  Speaker 1: like logged into my mind got accounts, like I need.
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  Speaker 2: A double check. It's so good. And what would you
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  Speaker 2: say is your best money habit.
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  Speaker 1: I think as I've gotten older, I've become a bit
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  Speaker 1: better at being a conscious sender and really thinking about
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  Speaker 1: whether I really need something rather than just buying stuff
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  Speaker 1: because it's cheap. I'm not perfect by any means, and
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  Speaker 1: I still have the odds slip upstone. I think I
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  Speaker 1: love a came up bargain as much as the next person.
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  Speaker 1: But I think continually asking myself the question about whether
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  Speaker 1: buying this thing is going to make me a happier
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  Speaker 1: person and whether it's going to add value into my
• 7:16
  Speaker 1: life has helped me with building good money habits. And
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  Speaker 1: also I think another room helped me was watching the
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  Speaker 1: Minimalism documentary series on Netflix. That's really helped me really
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  Speaker 1: re evaluate whether helped me reevaluate my perspective on buying.
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  Speaker 3: They've just released a new documentary. Have you seen the
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  Speaker 3: new one?
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  Speaker 1: Yes, I just watched it, not last night or the
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  Speaker 1: night before.
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  Speaker 3: And yeah, all right, you are a Well there's the
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  Speaker 3: original documentary about minimalism.
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  Speaker 2: I've watched that.
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  Speaker 3: So they brought out a new one like just last week,
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  Speaker 3: like an updated version. I get, well, well, our money dies.
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  Speaker 3: You probably know more than me. What is the new
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  Speaker 3: one about.
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  Speaker 1: Well, I felt like the new one was pretty It
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  Speaker 1: wasn't it was that was tell me a little bit
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  Speaker 1: more story telling around buying stuff like here like not
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  Speaker 1: needing to buy so much stuff is still very much
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  Speaker 1: the core message as they were communicating in the documentary
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  Speaker 1: that there wasn't it wasn't anything groundbreaking on you. But
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  Speaker 1: I think it's nice to kind of I guess just
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  Speaker 1: reinforce that every now and again. So yeah, it was
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  Speaker 1: really good.
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  Speaker 3: I enjoyed it still, so you know, and she's on
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  Speaker 3: the movie review will be out later.
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  Speaker 1: This love that.
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  Speaker 2: I'm not mad about that. So on the flip side
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  Speaker 2: of that, what would you say is your worst money habit?
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  Speaker 1: I would say my worst money habit is that I
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  Speaker 1: don't really keep track of my cash flow in a
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  Speaker 1: regimented way at all, to be honest. So, for example,
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  Speaker 1: if you asked me how much I spent on eating out,
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  Speaker 1: gifts and groceries in the month of December, I don't
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  Speaker 1: think I could tell you at all. Or if you
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  Speaker 1: ask me the percentage of my income that I saved
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  Speaker 1: us just spending around those categories, I've having no idea.
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  Speaker 1: I remember there was this great quote and I can't
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  Speaker 1: remember I either had it on unless she's on the
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  Speaker 1: Money podcast from maybe somewhere else, But there was something
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  Speaker 1: along the lines of whatever, is it being tracked? Is
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  Speaker 1: it being managed? And I just remember hearing that and
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  Speaker 1: continuing relation to me that doesn't sound like something.
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  Speaker 2: I'm sorry, like I'm sorry, not sorry. But at the
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  Speaker 2: same time, I think it's a good thing to kind
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  Speaker 2: of have a check in about, because it does sound
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  Speaker 2: like you've got an epic amount of savings. But to
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  Speaker 2: be more realistic, like, yes, not everyone can save one
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  Speaker 2: hundred thousand dollars, but just because you've saved a hundred
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  Speaker 2: thousand dollars doesn't mean you're absolute legend at money in
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  Speaker 2: cashlow and budgeting always. But hey, I was saying mister
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  Speaker 2: Ryan before about your money diary that I'm pretty sure
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  Speaker 2: I know where all your money is going, and it's
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  Speaker 2: asked right into savings, my friend. Yeah, So if we
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  Speaker 2: forced you to give yourself a grade, what would you
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  Speaker 2: grade yourself?
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  Speaker 1: If I had to give myself a grade, I'd probably
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  Speaker 1: say bebe plus. I feel like I have some good
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  Speaker 1: money habits in the form of being a conscious spender
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  Speaker 1: and just saving money in general, because I do with
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  Speaker 1: a pretty frugal lifestyle. But I know I definitely have
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  Speaker 1: some areas of improvement in terms of cash flow management
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  Speaker 1: and also top ups to my investment portfolio as well,
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  Speaker 1: and turning that investment side of things into a money
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  Speaker 1: habit rather than having an ad hop type of approach
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  Speaker 1: to it.
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  Speaker 2: I like that, and then like that your justification is
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  Speaker 2: a quiet sound. But Ryan and I looking at each
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  Speaker 2: other across the desk in a twenty four year old
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  Speaker 2: who saved one hundred thousand dollars one hundred and twenty
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  Speaker 2: thousand dollars and has Team K invested, reading themselves as
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  Speaker 2: a B plus, I'm not.
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  Speaker 3: Gonna lieb people up the wrong way.
• 10:44
  Speaker 2: That the wrong way, but that is okay. Everybody is different,
• 10:48
  Speaker 2: and I think that, you know what, like at the
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  Speaker 2: same time as people being like, oh my gosh, no,
• 10:52
  Speaker 2: she'd be an a like you've got things that you
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  Speaker 2: want to change personally, and like we could never put
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  Speaker 2: a grade on you ourselves. So Ryan, just before we
• 11:02
  Speaker 2: head into having a really great conversation with you about
• 11:05
  Speaker 2: your money diary, we will just slip in a little
• 11:08
  Speaker 2: word from our sponsors.
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  Speaker 3: We've just heard details from the twenty four year old
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  Speaker 3: with one hundred thousand dollars in savings, and it's actually
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  Speaker 3: one hundred thousand dollars plus in savings one hundred and twenty.
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  Speaker 2: It's like one hundred and twenty and then a ten
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  Speaker 2: thousand dollars.
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  Speaker 3: How often do you do you check it every day?
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  Speaker 3: If I had that much money in the bank, I
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  Speaker 3: would look at it every day. Do you look at
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  Speaker 3: it that often?
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  Speaker 1: I do not look at it that often. If I
• 11:34
  Speaker 1: need to transfer money from my life's savings accounts my
• 11:37
  Speaker 1: every day. So that's probably the only Honday I really
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  Speaker 1: kind of see it. Other than that, I just believe
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  Speaker 1: it there.
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  Speaker 3: So I'm curious to know, and I'll get these thoughts
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  Speaker 3: as well.
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  Speaker 2: I've got so many questions.
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  Speaker 3: Yeah, with one hundred and twenty thousand dollars in savings,
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  Speaker 3: and obviously at the moment the interest rates aren't that high,
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  Speaker 3: have you considered moving that money into investments or other
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  Speaker 3: areas of your life or why is it that it's
• 12:00
  Speaker 3: just sitting there in the savings account.
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  Speaker 1: So I've been looking at purchasing my first property. Actually
• 12:07
  Speaker 1: I went to a house inspection last Saturday and an
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  Speaker 1: apartment infection. So something I'm interested in doing getting into
• 12:14
  Speaker 1: purchasing my first property, is that they're at the same time.
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  Speaker 1: I think it's just because it's such a big purchase.
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  Speaker 1: I'm really I guess I'll be apprehensive about kind of
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  Speaker 1: laying that much down even for a deposit for a
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  Speaker 1: piece of property, and I feel like it's so daunting,
• 12:31
  Speaker 1: and I feel like, as well, I still have so
• 12:33
  Speaker 1: much more to learn, and I know I'll never get
• 12:35
  Speaker 1: to that perfect level and full complete understanding. But I
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  Speaker 1: think it's because it's such a big ticket purchase.
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  Speaker 2: But I am seeing what's on the market. I like that.
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  Speaker 2: So can you just be like, really pervy, how much
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  Speaker 2: are you saving every week? What's your take on savings?
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  Speaker 2: And how did you, at twenty four get to one
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  Speaker 2: hundred and twenty thousand dollars in a savings account?
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  Speaker 1: To be honest, I have no idea how much I've
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  Speaker 1: put away in terms of savings each week after I
• 13:05
  Speaker 1: take out all my accepts and things like that, because
• 13:08
  Speaker 1: I still live at home and sify. My parents do
• 13:12
  Speaker 1: buy the groceries and things like that. So I'd say
• 13:15
  Speaker 1: I'm lucky to sense that my expenses are pretty minimal,
• 13:19
  Speaker 1: and I definitely acknowledge how privileged I am in that sense,
• 13:25
  Speaker 1: and I think on top of that, I live generally
• 13:28
  Speaker 1: a pretty frugal lifestyle as well, Like I don't, I don't.
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  Speaker 1: I'm not too flashy when it comes to clothes and
• 13:35
  Speaker 1: bags and whatnot, even with things that I can makeup
• 13:39
  Speaker 1: and skincare and whatnot, Like I never wear makeup, so
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  Speaker 1: I think that's one big expense that I don't have
• 13:45
  Speaker 1: to pay for on a regular basis. Skincare, I keep
• 13:48
  Speaker 1: it pretty basic, use a cleanser and a moisturizer and
• 13:52
  Speaker 1: that's pretty much it. And then in terms of even
• 13:57
  Speaker 1: they having no holidays as well as helped with saving
• 14:00
  Speaker 1: money because I can't know we go anywhere.
• 14:02
  Speaker 3: A lot of people have found out with COVID that
• 14:04
  Speaker 3: it's been forced savings and they've actually ended up a
• 14:07
  Speaker 3: lot better off than they might have absolutely.
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  Speaker 1: And I think, yeah, that's definitely helped my group of
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  Speaker 1: friends as well. We're pretty low key when it comes
• 14:14
  Speaker 1: to hanging out, like we're not. We don't do anything
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  Speaker 1: super flash, like we might go out for dinners and
• 14:20
  Speaker 1: things like that, but other than that, we find quality
• 14:23
  Speaker 1: time just spent just hanging out of someone's apartment or
• 14:26
  Speaker 1: something like that, or they're flat.
• 14:27
  Speaker 3: Well you're hanging out of a friend's house right now, Yeah,
• 14:30
  Speaker 3: pretty much.
• 14:31
  Speaker 1: Yeah, So we don't really go up like we do
• 14:33
  Speaker 1: go out occasionally to fell thems, you celebrate and just
• 14:35
  Speaker 1: treat ourselves. But in terms of spending cool, we do
• 14:38
  Speaker 1: time together just hanging out at someone's places all we need.
• 14:41
  Speaker 1: I definitely knowledged sometimes you know, if you your friends
• 14:43
  Speaker 1: doom with a bougie lifestyle, you do feel like you
• 14:45
  Speaker 1: need to keep up with the Joneses a little bit.
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  Speaker 1: So yeah, I think I'm fortunate that. Yeah, my friend
• 14:50
  Speaker 1: group with we're a pretty chill, low key bunch, and
• 14:54
  Speaker 1: I think that's helped her as well.
• 14:56
  Speaker 3: With savings, Victoria, how much do you think you've spent
• 14:59
  Speaker 3: on beauty, makeup, skincare in your life?
• 15:03
  Speaker 2: I agreed to do a podcast not to be personally
• 15:06
  Speaker 2: victimized by Ryan john Well.
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  Speaker 3: I just find a lot of and it's such a
• 15:10
  Speaker 3: do thing to say, but a lot of people spend
• 15:12
  Speaker 3: like it's a really expensive, crazy industry.
• 15:14
  Speaker 2: I'm not gonna lie. I spend a lot on skincare
• 15:16
  Speaker 2: as someone who had acne as a teenager and literally
• 15:20
  Speaker 2: till I was like twenty six or twenty seven. Skincare
• 15:23
  Speaker 2: has always been something I've spent a lot of money on,
• 15:25
  Speaker 2: So I think that it's naive of me to say, like, oh,
• 15:28
  Speaker 2: everyone can save the same, because genuinely, my confidence was
• 15:32
  Speaker 2: based on the skincare I would purchase because I just
• 15:35
  Speaker 2: feel so much better if I didn't, you know, have
• 15:37
  Speaker 2: the acne that was there. Yeah, so I think it's
• 15:39
  Speaker 2: I think it's important to acknowledge that. But also I
• 15:42
  Speaker 2: think what I'm hearing from you as well is that
• 15:45
  Speaker 2: you're surrounded by like minded people and that actually helps
• 15:49
  Speaker 2: so much to be on the same page and have
• 15:51
  Speaker 2: good savings habits. Would you say that your friends are
• 15:54
  Speaker 2: you know, similar in when it comes to saving.
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  Speaker 1: Yeah, I think it definitely helps being strounded by like
• 15:59
  Speaker 1: minded people and in terms of savings habits and things
• 16:02
  Speaker 1: like that. Yeah, I think I think my friends are
• 16:04
  Speaker 1: pretty good at saving based from what I know. At least,
• 16:08
  Speaker 1: I've never seen my friends go nuts on spending crazy
• 16:12
  Speaker 1: amounts of cash on really frivolous things all the time.
• 16:17
  Speaker 3: What I loved is when you said, when you're considering
• 16:19
  Speaker 3: a purchase, you think to yourself, will purchasing this make
• 16:23
  Speaker 3: me happier, and it seems like that's a really cool thing.
• 16:26
  Speaker 3: It seems like such a simple thing to ask, but
• 16:28
  Speaker 3: ay be quite powerful. And b I'm guessing it's had
• 16:31
  Speaker 3: a huge impact on you being able to save as
• 16:33
  Speaker 3: much as you have.
• 16:34
  Speaker 1: Yeah, I think it's I'd say that I've really only
• 16:37
  Speaker 1: started asking myself that question recently. I think having watched
• 16:43
  Speaker 1: like a couple of documentaries on industries like fast fashion
• 16:46
  Speaker 1: and things like that, I really learned that, you know,
• 16:48
  Speaker 1: sometimes when I do have those cravings, it's just I'm
• 16:51
  Speaker 1: just really after a bit of a dopamine hit, right,
• 16:54
  Speaker 1: and that I don't need to buy stuff to fulfill
• 16:57
  Speaker 1: that void. Back and think, oh, even if I had
• 17:01
  Speaker 1: bought that dress, I don't think, you know, I would
• 17:03
  Speaker 1: have really enjoyed it. Probably would in the first way,
• 17:05
  Speaker 1: but then afterwards it's a bit like, oh, you know,
• 17:08
  Speaker 1: kind of get over it a little bit. That's true.
• 17:11
  Speaker 2: That is so so true, And I think that level
• 17:13
  Speaker 2: of introspection is something really rare in someone so young.
• 17:17
  Speaker 2: I know, when I was twenty four, I wasn't thinking
• 17:19
  Speaker 2: like is this purchase going to make me happier? Am
• 17:21
  Speaker 2: I doing the right thing for me? Like? What are
• 17:23
  Speaker 2: my goals. Like, I wasn't thinking that way at all,
• 17:25
  Speaker 2: So when I meet people who do think that way,
• 17:28
  Speaker 2: I'm always like, Wow, how cool would have been if
• 17:30
  Speaker 2: I did that when I was younger? At the same
• 17:32
  Speaker 2: time as knowing that my money story is my money
• 17:34
  Speaker 2: story and like, I'm just on my own journey, So
• 17:36
  Speaker 2: that's actually awesome. Do you think that growing up? Did
• 17:39
  Speaker 2: your parents teach you that or is that something that
• 17:42
  Speaker 2: you just have always had ingrained in you, Like my.
• 17:44
  Speaker 1: Parents never really taught me, but I think just watching
• 17:48
  Speaker 1: them and being around them and seeing how they spend
• 17:51
  Speaker 1: their money has definitely influenced me. They haven't directly influenced me,
• 17:56
  Speaker 1: but it's more so in an indirect way.
• 17:58
  Speaker 2: Yeah, that's really cool. Growing up, were they just having
• 18:01
  Speaker 2: money conversations around the dinner table or was it something
• 18:04
  Speaker 2: a bit more hush hush? Is that how you've become
• 18:07
  Speaker 2: so open with it.
• 18:08
  Speaker 1: We didn't really have open conversations or about it around
• 18:11
  Speaker 1: the dinner table. It wasn't hush hush either. I'd say
• 18:16
  Speaker 1: I'm pretty open about talking about my finances to my
• 18:20
  Speaker 1: family and my really close friends. I think it's important
• 18:23
  Speaker 1: to help one another, and it helps to talk about it,
• 18:26
  Speaker 1: even like when it comes to work and things like that,
• 18:28
  Speaker 1: to know how much rocker you should be asking for
• 18:32
  Speaker 1: in terms of salary and things like that. And also
• 18:34
  Speaker 1: it's a good way to educate yourself and learn from
• 18:37
  Speaker 1: other people as well. It's never about bragging or anything
• 18:40
  Speaker 1: like that. That's certainly not my objective of being open
• 18:44
  Speaker 1: about it at all, but I think, yeah, it's definitely
• 18:46
  Speaker 1: just that sharing of information.
• 18:49
  Speaker 3: Or knowledge is power when you're trying to exactly employer
• 18:53
  Speaker 3: or something like that. Yeah, question you mentioned buying a house.
• 18:56
  Speaker 3: We read that you wanted to leave your hipster dreams
• 18:59
  Speaker 3: and live in the Inner West of Sydney. How much
• 19:03
  Speaker 3: and this isn't a knowledge question but just a curiosity
• 19:06
  Speaker 3: because we don't live in Sydney. How much is it
• 19:09
  Speaker 3: for a smallish two bedroom, you know, in Inverticoma's first
• 19:13
  Speaker 3: home in the Inner West in Sydney.
• 19:16
  Speaker 1: So most of the properties that I've kind of looked
• 19:19
  Speaker 1: at in the Inner West properly around about seven hundred
• 19:23
  Speaker 1: thousand dollars and upwards.
• 19:25
  Speaker 3: And what do you get at what do you get
• 19:27
  Speaker 3: for seven hundred?
• 19:29
  Speaker 1: Yeah, So most of the properties that I've looked at,
• 19:31
  Speaker 1: which are around seven hundred thousand, two bedrooms, one bathroom
• 19:36
  Speaker 1: and one car park. And they're around yeah, so anywhere
• 19:41
  Speaker 1: along I guess the in West train line as we
• 19:44
  Speaker 1: call it. So yeah, it's it's you know. I was
• 19:52
  Speaker 1: looking at property prices in Melbourne because my wife has
• 19:55
  Speaker 1: an office in Melbourne as well, and I was just like, oh, okay,
• 19:57
  Speaker 1: there still wateringly high price. I think I think it's
• 20:01
  Speaker 1: more affordable. Yeah.
• 20:06
  Speaker 3: Can I tell you something that'll annoy the both of you?
• 20:08
  Speaker 2: Okay.
• 20:09
  Speaker 3: The first my first, my first house that I bought
• 20:12
  Speaker 3: was in Bundury, which was a few hours south of
• 20:15
  Speaker 3: Perth in Western Australias, where I met my now wife
• 20:17
  Speaker 3: Bridge It hey, now, why thank you? It's a purchase
• 20:21
  Speaker 3: on the beach, right on the beach, two bedrooms, one bathroom,
• 20:25
  Speaker 3: two hundred and ten thousand. Sorry. One of our producers, Jess,
• 20:31
  Speaker 3: just looked at me and whispered, get.
• 20:36
  Speaker 2: She's so classy.
• 20:37
  Speaker 3: I love.
• 20:38
  Speaker 2: Yeah, she's from the west here in Melbourne.
• 20:41
  Speaker 3: What's does that hurt your soul to hear money? Dirist?
• 20:45
  Speaker 1: It's my it does well?
• 20:48
  Speaker 2: Can you imagine no get in the bin?
• 20:52
  Speaker 3: Yeh. The stand duty was like an extra three grand
• 20:55
  Speaker 3: Oh my god. Wow, all right, the is it anything else?
• 21:02
  Speaker 3: We want to ask our money Dice, because thank you
• 21:04
  Speaker 3: so much for sharing so much. It's been enlightening and
• 21:06
  Speaker 3: very impressive.
• 21:07
  Speaker 2: Yeah, you're fun to talk too, so thank you so
• 21:10
  Speaker 2: much for coming on. I think you've given us so
• 21:12
  Speaker 2: much information and it's just been a really interesting story
• 21:16
  Speaker 2: to hear, especially because you don't exactly know how you've
• 21:19
  Speaker 2: done it. You've just you know, always been a good saver.
• 21:22
  Speaker 2: And obviously from little habits, big things grow, and you know,
• 21:26
  Speaker 2: obviously being surrounded by like minded people is really important
• 21:30
  Speaker 2: as well. And yeah, I love it.
• 21:32
  Speaker 1: If they're often talking to you guys. Thank you for
• 21:34
  Speaker 1: having me.
• 21:35
  Speaker 2: On, Thanks for coming friend, have a beautiful rest of
• 21:38
  Speaker 2: the day. All right, So it is now time to
• 21:41
  Speaker 2: wrap the show. Just before we head off, we'd like
• 21:44
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• 21:47
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• 21:53
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• 21:55
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• 21:57
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• 22:01
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• 22:03
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• 22:06
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• 22:26
  Speaker 2: five one. And again thanks to Ryan John and Tobeck,
• 22:30
  Speaker 2: our producing legends who whip this show into the show
• 22:33
  Speaker 2: that it is.
• 22:34
  Speaker 3: Yep. If you've got a great story that you think
• 22:36
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• 22:43
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• 22:44
  Speaker 2: Thanks for joining friends, See you next week.