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MONEY DIARY: Unpaid Nursing Placement & Hustling Hard! · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
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Speaker 1: and the storytelling of you to make a difference for
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Speaker 1: today and lasting impact for tomorrow.
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Speaker 2: Let's get into it. She's on the Money, She's on
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Speaker 2: the Money. Hello, and welcome to She's on the Money,
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Speaker 2: the podcast for millennials who want financial freedom. Welcome back
1:04
Speaker 2: to another one of our money diaries where we get
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Speaker 2: to talk to one of our incredible Shees on the
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Speaker 2: Money community members all about their journey. Let's jump straight
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Speaker 2: into it. This week I got a message and it
1:14
Speaker 2: went a little bit like this. Hi Victoria, I'm a
1:18
Speaker 2: longtime listener and a long time delayer in writing in
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Speaker 2: I'm a nursing student currently on a five month unpaid
1:25
Speaker 2: placement in rural slash remote Australia. I just turned twenty
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Speaker 2: and I've been working my ass off since I graduated
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Speaker 2: in twenty twenty. I'm really proud to say that between
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Speaker 2: full time UNI placements, travel and a pretty busy life,
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Speaker 2: I've managed to hit one hundred thousand dollars in savings.
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Speaker 2: There's like four exclamation points there, guys. I hit the
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Speaker 2: big one zero zero in November slash December last year
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Speaker 2: when I was nineteen, which was really exciting because my
1:54
Speaker 2: aim was to hit it in three years and I
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Speaker 2: did it in one year and approximately ten months. Yeah,
2:00
Speaker 2: are you kidding money, diarists? That is wild?
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Speaker 3: Thank you? Well, no, I can't really believe it either,
2:07
Speaker 3: to be honest.
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Speaker 2: One hundred grand that is unrelatable content in this economy.
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Speaker 4: I know, well it doesn't yeah feel real, but I
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Speaker 4: actually did just crunch the numbers right before doing this interview,
2:21
Speaker 4: and it's increased a little bit.
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Speaker 2: Since what is it aut You've got to share with us.
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Speaker 3: One point thirty five right now, so up.
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Speaker 2: Up and going, oh my god, I feel like this
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Speaker 2: is almost unbelievable. I was talking to some people in
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Speaker 2: the community the other day and about one of our
2:38
Speaker 2: community members saving ten thousand dollars and they're like, that's impossible,
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Speaker 2: Like ten grand is wild in that period of time,
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Speaker 2: But you're saying that since November slash December last year,
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Speaker 2: you saved another thirty five thousand dollars. Like I'm not
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Speaker 2: even going to ask you the structured questions yet. I
2:55
Speaker 2: need to know who, when, where, why, what when? How?
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Speaker 2: Like we need to know everything because this is it's
3:00
Speaker 2: just wild to think that you're doing an unpaid placement,
3:03
Speaker 2: which is a massive financial burden. And it's something that
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Speaker 2: I'm going to talk about soon on the pod because
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Speaker 2: I just think the unpaid placements, they don't have a
3:11
Speaker 2: place in twenty twenty three. Like it is to me
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Speaker 2: absolutely wild to think that you would literally do thousands
3:17
Speaker 2: of hours of work for free to work in healthcare,
3:21
Speaker 2: Like that's such a special space. We should be paying
3:24
Speaker 2: you to want to work in healthcare. Like anyway, I
3:26
Speaker 2: won't go on and on about that because I got
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Speaker 2: a whole pod coming up on it. But Money Diarist,
3:32
Speaker 2: how the heck do you say one hundred and fifty
3:34
Speaker 2: five thousand dollars as a child?
3:37
Speaker 3: Well, good question.
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Speaker 4: I mean, honestly, it's just being kind of my grind period,
3:43
Speaker 4: I call it. Ever since I left school, I feel
3:45
Speaker 4: like I've had just like some big financial goals that
3:49
Speaker 4: I've worked towards, and I felt like as time went
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Speaker 4: on and I could see how much I was saving
3:56
Speaker 4: and those goals kind of became closer, I just became
3:59
Speaker 4: more and more motivated and driven. I actually really enjoy
4:03
Speaker 4: my work. I think that's a really important thing to say,
4:06
Speaker 4: because I couldn't do it if I didn't. I do
4:09
Speaker 4: put in a lot of hours. It is really exhausting.
4:12
Speaker 4: Sometimes it's hard to manage a lot of the time.
4:15
Speaker 4: It's hard to manage with UNI, with social life, with
4:20
Speaker 4: my love for travel, with all that sort of thing.
4:23
Speaker 4: It can be really hard to manage. And I think
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Speaker 4: I couldn't do it if I didn't love what I do.
4:28
Speaker 4: But yeah, and I should also mention like I have
4:30
Speaker 4: a very supportive family and friends, and up until recently
4:35
Speaker 4: when I moved out to rural slash remote Australia, I
4:38
Speaker 4: was living at home, which did make things a lot easier.
4:42
Speaker 2: Massive privilege, Massive privilege.
4:44
Speaker 4: I'm very aware of that. I am lucky, not only
4:47
Speaker 4: like obviously the cost of living. My parents weren't paying
4:51
Speaker 4: for my groceries. I'm not paying for rent yet at
4:54
Speaker 4: their house, and so that was massive privilege. But also
4:58
Speaker 4: just now moving out, I've realized how my time that
5:01
Speaker 4: I saved not living out of home and doing a
5:04
Speaker 4: lot of those things for myself. So I think there
5:06
Speaker 4: were lots of areas of privilege that came into it
5:09
Speaker 4: living at home, and that was definitely something that enabled
5:12
Speaker 4: me to work as much as I did. But yeah,
5:15
Speaker 4: obviously on top of working a lot, I have developed
5:19
Speaker 4: a bit of a structure for myself for how I
5:22
Speaker 4: spend my money and how I budget, and it's something
5:27
Speaker 4: that I've always been like super interested and super passionate about.
5:31
Speaker 4: I'm a bit of an undercover finance nerd.
5:35
Speaker 2: Shouldn't be undercover, everyone should be public finance nerves. I'm
5:39
Speaker 2: a public finance nerd, and I don't want to be
5:41
Speaker 2: the only one.
5:42
Speaker 3: Okay, I'll join you, Thank.
5:43
Speaker 2: You, thank you.
5:45
Speaker 4: I don't really know where my love for finance came from,
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Speaker 4: but I yeah, I could talk about taxes, superannuation, budgeting,
5:55
Speaker 4: anything all day every day time.
5:57
Speaker 2: It's wild. It's almost like I do.
6:01
Speaker 4: I'm jealous. Yeah, So I think that's played a big role,
6:04
Speaker 4: Like not only my interest in it.
6:06
Speaker 3: But obviously because I've been.
6:08
Speaker 4: So interested in it, it's meant that I've learned a
6:12
Speaker 4: lot from things like she's in the money and listening
6:14
Speaker 4: to it twenty four to seven. So I think that
6:17
Speaker 4: that's enabled me to put in, you know, budgets and
6:21
Speaker 4: systems that have helped me sort of stay to a budget.
6:27
Speaker 4: And when I say budget, I mean she's on the
6:29
Speaker 4: money type budget where, well, where my money goes. It's
6:33
Speaker 4: not restrictive, it's just I know my cash flow and
6:37
Speaker 4: I'm very intentional with that. So it just means that
6:39
Speaker 4: I know where everything's going. And I think that's been
6:43
Speaker 4: huge in saving so much because I can see where my.
6:46
Speaker 2: Money's going totally. I feel like all of that makes sense,
6:49
Speaker 2: and I'm really glad that you kind of said yourself, Look,
6:52
Speaker 2: there's a lot of privilege here because I think a
6:54
Speaker 2: lot of people I think sometimes we just need to
6:57
Speaker 2: call like a spade a spade, right, like it is
7:00
Speaker 2: what it is, and I guess acknowledging it and moving
7:03
Speaker 2: on because there's still a lot to learn from this story,
7:06
Speaker 2: regardless of whether it's a privileged one or not. Because
7:09
Speaker 2: I know so many people in our community who have
7:11
Speaker 2: the exact same circumstances as you better in personal debt.
7:15
Speaker 2: So it's not actually about just the privilege. Like the
7:18
Speaker 2: privilege is a I guess, a diving board like it.
7:21
Speaker 2: It's something that can take you to the next step,
7:23
Speaker 2: or it could mean that you fall off it completely.
7:26
Speaker 2: So let's get into it. I want to know more
7:28
Speaker 2: about you because I know that loving what you do
7:30
Speaker 2: is just not enough to be able to save one
7:32
Speaker 2: hundred and thirty five K. So tell me a little
7:35
Speaker 2: bit about yourself. The first question I always ask on
7:38
Speaker 2: this pod is what gray would you give your money habits?
7:40
Speaker 2: If I asked you to give yourself a grade from
7:42
Speaker 2: A through to F, I will only be accepting A.
7:47
Speaker 3: Well, I will probably say B.
7:50
Speaker 2: Well, as you had just heard that's an unacceptable response.
7:55
Speaker 4: Yeah, I do think that my attitude towards saving and
7:59
Speaker 4: spending like is quite good for me. It works for me.
8:03
Speaker 4: And as much as I've worked really hard on my
8:06
Speaker 4: savings and I do have big financial goals, I also
8:10
Speaker 4: know that money is a blessing and I know that
8:13
Speaker 4: I don't want my saving goals to create a restrictive
8:18
Speaker 4: relationship with money. So I think that yeah, I've at
8:23
Speaker 4: the end of the day, like I work so hard
8:25
Speaker 4: so that I can say yes to things and so
8:27
Speaker 4: that I can enjoy my life. And I think I've
8:30
Speaker 4: kind of got to quite a good point with that
8:32
Speaker 4: balance of knowing why I work so hard, having good
8:38
Speaker 4: savings goals, but knowing that at the end of the
8:40
Speaker 4: day and working so hard so I can enjoy my life.
8:43
Speaker 4: But yeah, as much as I'm also a finance nerd,
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Speaker 4: I am by no means perfect, and I feel like
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Speaker 4: I've a lot more to learn, Like I've just scraped
8:50
Speaker 4: the surface. So that's why there's definitely room for improvement.
8:54
Speaker 2: All Right, I will allow that response. It seems relatively
8:56
Speaker 2: well thought out and quite intelligent, so I'll see myself
8:59
Speaker 2: out With the next question. I want to know a
9:02
Speaker 2: bit more about your money story. What was growing up? Like,
9:05
Speaker 2: how did that work out? We already know obviously living
9:07
Speaker 2: at home was a big part of this, but like,
9:09
Speaker 2: let's go back a little bit further. What's your money story?
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Speaker 4: Like my friend, Well, yeah, as you said, I looked
9:14
Speaker 4: at home until very recently, so up until nineteen oh
9:19
Speaker 4: I moved out the day after my nineteenth birthday, So
9:21
Speaker 4: I think that I've always had a very strong value
9:25
Speaker 4: for money, literally from probably like a primary school age,
9:29
Speaker 4: just being aware of how much things cost and asware
9:33
Speaker 4: that as much as my parents did send me and
9:36
Speaker 4: my siblings to private schools from me five, I know
9:39
Speaker 4: that that was something that they really valued and their
9:42
Speaker 4: sacrificed a lot to do that. And as much as
9:45
Speaker 4: my parents weren't necessarily super explicit about money, they didn't
9:50
Speaker 4: talk about it heaps. As I gotten older, I think
9:53
Speaker 4: I've always like I've recognized how grateful i am that
9:58
Speaker 4: although we were in a very villged environment, I think
10:01
Speaker 4: they kept us very grounded and we were always aware
10:04
Speaker 4: that they were sacrificing a lot for us to be
10:07
Speaker 4: in the position that we were in. And I've always
10:09
Speaker 4: been very grateful for that. But yeah, very cognizant of
10:12
Speaker 4: the sacrifices that like that involved. But yeah, I got
10:17
Speaker 4: my first job when I think I was about fifteen,
10:21
Speaker 4: and I was just doing some footy umpiring and working
10:25
Speaker 4: at the local cinema. So that's probably when I started
10:30
Speaker 4: to learn a lot about finance because I had my
10:34
Speaker 4: own money. I was earning my own money, and it
10:37
Speaker 4: was quite exciting to see, Yeah, my own money and
10:40
Speaker 4: to even like crunch the numbers on, like, oh, what
10:44
Speaker 4: happens if I put aside this much every week? What
10:47
Speaker 4: happens if I put it into a compound interest account?
10:50
Speaker 4: Like I was a bit weird.
10:51
Speaker 2: I wanted to get into all that that's not weird,
10:54
Speaker 2: that's very attractive. But where did you learn about this?
10:58
Speaker 2: Because I grew up with a dad who was an accountant, Right,
11:02
Speaker 2: I felt so privileged, But also I just used to
11:05
Speaker 2: argue with him about learning my times tables and anything
11:09
Speaker 2: he taught me about the money that I had coming
11:11
Speaker 2: in the door from my very first job. I didn't
11:13
Speaker 2: listen to, Like I earned money so I could go
11:16
Speaker 2: to the movies with my friends and then go to
11:17
Speaker 2: McDonald's after and spend my money at Zaprey because I
11:21
Speaker 2: needed to carry around that hot pink tote bag and
11:24
Speaker 2: have a mini skirt. That was god awful. Right, So
11:28
Speaker 2: for me, I feel like I was in a very
11:30
Speaker 2: privileged position but didn't absorb any of that information. Like
11:33
Speaker 2: how were you in this position where you had this knowledge?
11:36
Speaker 4: I'd fifteen, Well, I mean I think when I say
11:39
Speaker 4: at fifteen, like obviously that's I think when it started
11:42
Speaker 4: and when I started just looking at money more and
11:47
Speaker 4: be more interested and probably doing a lot of my
11:50
Speaker 4: own research came from it. I mean, my dad is
11:54
Speaker 4: like someone who I've always talked a lot of finance
11:56
Speaker 4: stuff with. He's not in finance, but I think he's
11:58
Speaker 4: probably quite similar to me in the way that it's
12:01
Speaker 4: just been something he's always been super interested in, and
12:05
Speaker 4: he's interested in shares and investment and we sort of
12:07
Speaker 4: always talk about that. So I think he's given me
12:11
Speaker 4: a lot of knowledge. But one thing I will say
12:13
Speaker 4: actually is my previous relationship, which started when I was
12:17
Speaker 4: in high school. We were both quite similar and we
12:21
Speaker 4: had very similars of money goals. We were both motivated
12:25
Speaker 4: in that way, and we pushed each other a lot
12:28
Speaker 4: in that way, and I think we learn a lot
12:30
Speaker 4: from each other. And I think that being obviously when
12:34
Speaker 4: I was quite young, we kind of grew up together
12:36
Speaker 4: and that probably influenced a lot of my money attitudes,
12:40
Speaker 4: and I just I think we learned a lot from
12:43
Speaker 4: each other. And I definitely learned heaps from him, So yeah,
12:46
Speaker 4: that was probably a big factor. Even his family, I
12:49
Speaker 4: definitely learned a lot from them. So yeah, a few
12:52
Speaker 4: different avenues as I've gotten older, but I would say
12:55
Speaker 4: initially it was a bit more of like a self
12:59
Speaker 4: research something I was interested in, so it was almost
13:03
Speaker 4: a hobby.
13:04
Speaker 2: Just a smart cookie who has her head screwed on.
13:07
Speaker 2: I wish I was that smart at fifteen. You're running
13:10
Speaker 2: laps around me. I was forty k in debt by
13:13
Speaker 2: the age of twenty two, and you're here with one
13:15
Speaker 2: hundred and thirty five thousand dollars in savings at twenty.
13:17
Speaker 2: I stand at no chance. But that is okay. I
13:21
Speaker 2: want to know now. We need to know now, what
13:24
Speaker 2: do you do for work? How much money do you earn?
13:27
Speaker 4: So at the moment, I'm obviously in a bit of
13:29
Speaker 4: a different situation to what I was back home because
13:34
Speaker 4: I'm out in rural, remote Australia on placement, on played placement.
13:38
Speaker 4: I am actually working out here and on the side
13:42
Speaker 4: of placement and UNI, so I'm doing disability support work,
13:46
Speaker 4: which is primarily what I did back home anyway. So
13:51
Speaker 4: I earned roughly. It does vary, and I've always had
13:54
Speaker 4: varied incomes, so it's hard to crunch the numbers. But
13:58
Speaker 4: I earned roughly like one eight hundred to two thy
14:03
Speaker 4: one hundred dollars a.
14:05
Speaker 2: Week per week as a student nurse. Yeah, holy moly,
14:10
Speaker 2: no wonder you're good at savings.
14:13
Speaker 4: Yeah, I mean it does vary a bit, and it's
14:17
Speaker 4: means I am doing a lot of hours. But as
14:19
Speaker 4: I said, I enjoy what I do. But in Sydney,
14:23
Speaker 4: back home, I was earning well. Last year, I earned
14:27
Speaker 4: about eighty thousand dollars and that was probably more than
14:32
Speaker 4: the year before. I haven't figured. I can't remember what
14:35
Speaker 4: it was.
14:35
Speaker 3: The year before, but I'm casual work.
14:38
Speaker 4: I was doing everything with casual work, So I was
14:39
Speaker 4: doing nannying, Disphilly support work, some like sport coaching stuff
14:44
Speaker 4: and a few little things on the sides and babysity
14:47
Speaker 4: and whatnot. So yeah, it did vary a lot, and
14:49
Speaker 4: there were weeks where I was earning nothing because I
14:52
Speaker 4: was away traveling or I was on I did a
14:55
Speaker 4: real placement last year where I was earning nothing, and
14:59
Speaker 4: then yeah, it would range two. I think my highest
15:03
Speaker 4: ending week last year was two thousand, eight hundred, but yeah,
15:07
Speaker 4: most week's, most working weeks were probably about one thousand,
15:11
Speaker 4: eight hundred.
15:12
Speaker 2: Absolutely all right, Well, I want to know a bit
15:15
Speaker 2: more because that to me seems wild and I think
15:19
Speaker 2: that a lot of people are going to think, oh,
15:20
Speaker 2: my gosh, she is a student nurse making between eighteen
15:23
Speaker 2: hundred and twenty one hundred a week. And if I
15:26
Speaker 2: extrapolate that out right, let's pretend for a hot second
15:29
Speaker 2: that you make on average eighteen hundred dollars a week.
15:32
Speaker 2: Like we've gone with the lower number, that's still one
15:34
Speaker 2: hundred thousand dollar income as a student nurse. So these
15:37
Speaker 2: things start to add up, right, Like, it starts to
15:40
Speaker 2: make sense that you have good savings and if you're
15:42
Speaker 2: making this while living at home, like the story checks out,
15:44
Speaker 2: that you maybe had a very high savings capacity because
15:47
Speaker 2: your take home salary would have been very very sexy. Right,
15:51
Speaker 2: But how as a student nurse did you get into
15:54
Speaker 2: disability support work? Because I feel like that's an area
15:57
Speaker 2: that I've had a few questions recently about, Well, how
15:59
Speaker 2: do you get into it? What is it? What kind
16:01
Speaker 2: of qualifications do I need? Did you need to be
16:04
Speaker 2: a fully qualified nurse to do this? Or took me
16:07
Speaker 2: through how you got into that?
16:09
Speaker 3: Sure?
16:09
Speaker 4: Well, first of all, no, you don't need to be
16:12
Speaker 4: a qualified nurse. You don't actually need to even be
16:14
Speaker 4: studying nursing It obviously depends what area of disability support
16:19
Speaker 4: work that you're looking at going into. So some do
16:22
Speaker 4: require some certifications. Some do require you to even be
16:27
Speaker 4: an RN, which I obviously can't even do yet, and
16:31
Speaker 4: the pay and things like that, it does very accordingly.
16:35
Speaker 4: So yeah, it depends on the level of needs of
16:38
Speaker 4: the client, but in general you don't need any qualifications.
16:42
Speaker 4: I started straight after school. I think i'd finished. They
16:46
Speaker 4: just see like three weeks earlier. And I started with
16:51
Speaker 4: a client who I was quite lucky in the way
16:54
Speaker 4: that it was actually kind of a family connection. It
16:57
Speaker 4: was through a friend that I knew that I met
17:00
Speaker 4: my first client, and I loved that so much. I
17:03
Speaker 4: hadn't intended on going into disability support work, but I
17:06
Speaker 4: love that so much that that sort of is what
17:08
Speaker 4: started everything. And then I worked for a couple of
17:13
Speaker 4: different companies and then also started to get my own
17:16
Speaker 4: independent clients, and now I just do independent clients so
17:19
Speaker 4: through my own ABN, and you know, with my own
17:22
Speaker 4: insurance and tax and so stuff.
17:24
Speaker 2: That's so wild. You're a literal child and you've set
17:29
Speaker 2: up an ABN to do disability support work like you
17:32
Speaker 2: are so intelligent. It is wild. All I want to know.
17:35
Speaker 2: You've obviously got one hundred and thirty five thousand dollars saved,
17:38
Speaker 2: but what is your big money goal, Like, what are
17:40
Speaker 2: we working towards here?
17:41
Speaker 3: Well, ideally i'd love to buy property.
17:44
Speaker 4: That's sort of been a goal for the past a
17:46
Speaker 4: little bit, and I'd love to do that by the
17:49
Speaker 4: end of the year. It is a little bit more
17:51
Speaker 4: complex because I am a casual worker and I do
17:54
Speaker 4: have a varied income, so things like getting alone is
17:57
Speaker 4: a lot harder.
17:58
Speaker 2: Not impossible though, with the Riot mortgage broke out, like
18:01
Speaker 2: we deal with that a lot variable incomes and casual
18:05
Speaker 2: work and having your own ABN Like, as long as
18:08
Speaker 2: you've got clean financials, it should not be too hard
18:11
Speaker 2: to organize. But not all brokers have that experience, so
18:14
Speaker 2: make sure you find a good one.
18:16
Speaker 4: Ay, that's why I applied to Zella Money.
18:18
Speaker 2: Actually, did you actually are ready?
18:19
Speaker 3: You're on this like two weeks ago. I haven't got
18:22
Speaker 3: round to.
18:23
Speaker 2: Booking an appointment yet with Kate.
18:24
Speaker 3: Yeah, but I've started.
18:27
Speaker 4: But yeah, so in an ideal world, I will do
18:29
Speaker 4: that by the end of the year, sooner rather than later.
18:32
Speaker 4: But if it works out that I need to have
18:35
Speaker 4: a full time contract before I can secure a loan.
18:38
Speaker 4: Then it will have to be started next year. But yeah,
18:41
Speaker 4: so that's kind of my money golf for the moment.
18:44
Speaker 4: But I'm also twenty and I love travel and that's
18:48
Speaker 4: a big priority for me at the moment. So my
18:51
Speaker 4: focus is to do the whole house property thing when
18:55
Speaker 4: I feel like I can balance the priority to like
18:57
Speaker 4: travel and live life as well. I would like to
19:00
Speaker 4: be quite confident that I can serve as a mortgage
19:03
Speaker 4: whilst living the lifestyle that I want to live, because
19:05
Speaker 4: it's a big thing to take on a mortgage at
19:07
Speaker 4: twenty years old, and I don't wanted to ruin my life.
19:10
Speaker 2: No, absolutely not. I'm so proud of you. I have
19:13
Speaker 2: so many more questions. Let's go to a really quick break,
19:16
Speaker 2: and then after the break, I am going to dive
19:18
Speaker 2: straight back in to absolutely grilling you. Guys. Don't go anywhey,
19:26
Speaker 2: All right, money diarist, we are back. I want to
19:29
Speaker 2: know you mentioned before that your dad was into stocks
19:32
Speaker 2: and kind of like being on the share market, and
19:34
Speaker 2: that you learned a bit from there. Do you have
19:36
Speaker 2: any investments, If so, what are they?
19:38
Speaker 3: Yes? So, I my dorky finance side stop.
19:43
Speaker 2: Calling it dorky. I'm a cool mom, not a regular mom.
19:47
Speaker 3: Finance side.
19:49
Speaker 4: My cool finance side meant that I've always been interested
19:53
Speaker 4: in shares. I remember always sitting in class at school
19:57
Speaker 4: and doing like research on shares. So I bought my
20:00
Speaker 4: first ones when I would have been seventeen.
20:02
Speaker 2: When I have a kid one day, I want them
20:05
Speaker 2: to be like cut paste of you.
20:07
Speaker 4: Stop.
20:08
Speaker 3: That's the biggest commment I go.
20:10
Speaker 2: I want my kids at school to be in trouble
20:12
Speaker 2: for not doing their work, and when their teacher goes
20:14
Speaker 2: Victoria such and such, they're in trouble. They don't do
20:17
Speaker 2: any work. All they do is research shares. I'll be
20:19
Speaker 2: like that, it's my child.
20:22
Speaker 4: Yeah, well that was me. Yeah. My first ones I
20:26
Speaker 4: bought when I was seventeen, and that was obviously under
20:28
Speaker 4: my dad's name because I wasn't eighteen.
20:30
Speaker 2: You're a minor.
20:32
Speaker 3: I wasn't mine exactly.
20:33
Speaker 4: But now I have I use superhero and I have
20:37
Speaker 4: about forty six thousand dollars invested there.
20:40
Speaker 2: In addition to you one hundred and thirty five. No, oh,
20:43
Speaker 2: my god, I thought I was going to have to
20:45
Speaker 2: fall off my chair.
20:46
Speaker 3: No, no, no, no, I count my investments as my.
20:49
Speaker 2: Savings yep, stunning.
20:51
Speaker 4: And then I have another eleven thousand dollars in spaceship,
20:55
Speaker 4: so I do regular investments with them that I've just
20:58
Speaker 4: set up to automatically do it without me having to
21:01
Speaker 4: think about it. And then I'm probably looking at investing
21:04
Speaker 4: another twenty thousand at the moment, just because my money
21:08
Speaker 4: may as well work for me instead of sitting in
21:11
Speaker 4: a savings account that's earning not much. So yeah, and
21:14
Speaker 4: then I plan to do my first home super saviors
21:19
Speaker 4: do some contributions to that before and after tax time, right, Yes,
21:24
Speaker 4: of course you thought of that.
21:25
Speaker 2: I would never give a device or talk about it.
21:28
Speaker 4: I'm glad you came up not one clear on all
21:31
Speaker 4: of it. But I know that you have your oh
21:34
Speaker 4: what's it called that it's us with C.
21:35
Speaker 2: Word concessional contributions.
21:37
Speaker 3: Sessional contributions.
21:38
Speaker 4: Yes, so I know that there's concessional contributions, and so
21:43
Speaker 4: I'm hoping to actually be able to make a contribution
21:45
Speaker 4: for the last financial year because I didn't use up
21:48
Speaker 4: all my concessional contributions.
21:50
Speaker 2: I don't know that your accountant should be able to
21:52
Speaker 2: tell you that. But also the girls that Xela money
21:54
Speaker 2: will be able to tell you what you can and
21:55
Speaker 2: can't put in, because turns out they are completely across
21:58
Speaker 2: the first time Super Savis game. Oh so that five
22:00
Speaker 2: times really really quickly, and you get an award. But
22:04
Speaker 2: that's so exciting if you're going to and I want
22:07
Speaker 2: to ask this question because I think other people are
22:09
Speaker 2: going to want to know as well. So you've got
22:10
Speaker 2: forty six thousand invested in Superhero, You've got eleven grand
22:14
Speaker 2: on Spaceship, but you're considering investing another twenty grand. Where
22:18
Speaker 2: how are you doing that research? What are we looking
22:20
Speaker 2: into at the moment, and where are you thinking about
22:22
Speaker 2: putting that?
22:23
Speaker 4: Well, yeah, I'm not entirely sure yet, but I generally
22:26
Speaker 4: sort of think about some companies that might be in
22:30
Speaker 4: the right industry at the right time, So I generally
22:35
Speaker 4: go for more like blue chip top two hundred sort
22:38
Speaker 4: of thing. I'm a bit of a safe investor at
22:40
Speaker 4: the moment, so yeah, I'll generally research particular companies based
22:45
Speaker 4: on the climate and what industries I see is good
22:49
Speaker 4: to invest in at the time. But yeah, I will
22:51
Speaker 4: also talk to my dad about it, and I have
22:55
Speaker 4: a friend who's actually really into shares as well. So
22:57
Speaker 4: we usually discussed that, but yeah, I don't have I'm
23:01
Speaker 4: no professional at it. I tend to just look around now,
23:05
Speaker 4: of course not.
23:05
Speaker 2: It's just so interesting to see what people in our
23:08
Speaker 2: community are doing and how they're doing their research, because
23:11
Speaker 2: I feel like so many of us get what I
23:13
Speaker 2: call analysis paralysis, like we over analyze and then we
23:16
Speaker 2: look at it, and like, I love knowing what our
23:18
Speaker 2: community is choosing because it's just helpful on our journeys. Right,
23:23
Speaker 2: So I want to be even more pervy. I'm really sorry.
23:25
Speaker 2: So you've got eleven grand in Spaceship, which is a
23:28
Speaker 2: micro investing platform, So when you invest on Spaceship, you
23:32
Speaker 2: basically go into their portfolio and you would have picked
23:35
Speaker 2: one of their I think they've got five or six
23:36
Speaker 2: or even maybe seven now options that you can pick
23:39
Speaker 2: from based on risk profile. So you don't actually get
23:41
Speaker 2: an option of what you're investing in. You just get
23:43
Speaker 2: to choose your risk profile. But then you mentioned that
23:46
Speaker 2: you have about forty six thousand dollars on Superhero, which
23:51
Speaker 2: is a platform that the Sheese on the Money community
23:53
Speaker 2: also loves and has spoken about a number of times.
23:57
Speaker 2: What have you picked on there and why?
23:59
Speaker 4: So A lot of the companies I have for under
24:01
Speaker 4: Superhero relatively big, like top ASEX companies, And I think
24:09
Speaker 4: I'm diversified across about eight different or maybe ten different companies.
24:16
Speaker 2: So individual stocks, not eating yes, like you've gone, Oh,
24:19
Speaker 2: she's bougie, she's fancy.
24:21
Speaker 3: Yeah, I know.
24:22
Speaker 4: I think I have one ETF, but primarily individual stocks.
24:26
Speaker 4: And I sort of like my dad always taught me
24:29
Speaker 4: to diversify with your industries that you're investing in. So
24:34
Speaker 4: I did a lot of investment into travel during COVID.
24:37
Speaker 2: If I could wine back time, I would have done
24:39
Speaker 2: a lot more investing in travel. I just feel like
24:42
Speaker 2: I went into crisis mode during that time managing my
24:45
Speaker 2: client's portfolios. Didn't even look at mine. It was just
24:49
Speaker 2: in this crisis mode, and I thought all my clients
24:51
Speaker 2: are gonna lose their absolute minds. Do you know what?
24:54
Speaker 2: They didn't. They were all like, oh, like we're in
24:56
Speaker 2: economic downturn, Like why are you stressed? But you would
25:00
Speaker 2: be well.
25:01
Speaker 4: I mean, I wish that I had invested more in
25:04
Speaker 4: travel back then, as we all do, and I think
25:07
Speaker 4: I was in quite a good position that Obviously I
25:10
Speaker 4: was young and just starting my investment journey. And all
25:12
Speaker 4: that when it was the middle of COVID. So I wasn't,
25:16
Speaker 4: you know, I wasn't a retiree who was stressing about
25:19
Speaker 4: getting into safe investments. I was like, look, I'm in
25:22
Speaker 4: the position now to take the risk. If you know,
25:24
Speaker 4: this pandemic continues and they tank even more, that's actually okay.
25:29
Speaker 4: In it for the long haul. So yeah, I have
25:32
Speaker 4: a lot of travel at the moment. And then I
25:35
Speaker 4: diversified across a few different industries.
25:38
Speaker 2: When we say you've picked like, what eight to ten
25:40
Speaker 2: different companies that make sense to you, are we picking
25:43
Speaker 2: niche companies that we've never heard of, or are these
25:45
Speaker 2: like blue chip stocks that kind of everyone in Australia
25:49
Speaker 2: is going to know and love. And when I say
25:51
Speaker 2: blue chip stocks, they're usually the tried and true, big
25:55
Speaker 2: companies like you would think of the big four banks
25:57
Speaker 2: as being blue chip, BHP would be blue chap Woodstock
26:00
Speaker 2: would be blue chip. And these the type of companies
26:03
Speaker 2: or are you kind of taking a punt on these
26:05
Speaker 2: eight to ten or are you a little bit more conservative?
26:07
Speaker 3: I'm probably more like conservative.
26:09
Speaker 2: Same girlfriends, same don't worry.
26:11
Speaker 4: Yeah, they're generally they're bigger blue chip ones. And that's
26:16
Speaker 4: honestly solely for the reason that I don't know where
26:20
Speaker 4: to start looking for smaller ones. I could relate to
26:23
Speaker 4: the analysis paralysis, like where do you start? How do
26:26
Speaker 4: people find companies that are smaller, riskier ones or you.
26:32
Speaker 3: Know, startups or whatever.
26:34
Speaker 4: I don't know how to I'm not I love shares,
26:37
Speaker 4: I'm so interested in it, but I don't have the
26:39
Speaker 4: time to commit to researching that, and I wouldn't even
26:43
Speaker 4: know where to start if I did have the time.
26:45
Speaker 4: So yeah, they generally are blue chip ones that I'll
26:49
Speaker 4: literally just go through the list of like ASEX top
26:52
Speaker 4: one hundred or two hundred, and I will Google search
26:57
Speaker 4: that company name, and I will look at their share
27:01
Speaker 4: price over the past however long they'll give me, and
27:04
Speaker 4: I tend to invest based on like my strategy is
27:09
Speaker 4: generally getting when they're low. If it's a blue chip
27:12
Speaker 4: top two hundred, I personally feel like it's not a
27:15
Speaker 4: massive risk to get them when they're low, and they
27:18
Speaker 4: may be like they're tanking comparative to their usual price
27:22
Speaker 4: they've tanked, most people will go eek, don't want to
27:25
Speaker 4: invest in that. What's going on there? And unless there's
27:28
Speaker 4: a specific reason as to why they've tanked and it's
27:32
Speaker 4: something that could continue. That's generally when I'll choose to invest,
27:36
Speaker 4: because I see it as an opportunity. If they're a
27:38
Speaker 4: blue chip, trustworthy company and it's unlikely that they're going
27:42
Speaker 4: to go under, that to me is getting shares.
27:45
Speaker 2: On sale, very very exciting. I love asking questions like this,
27:49
Speaker 2: just confirming you said, do you want to be a
27:50
Speaker 2: nurse not a financial advisor? You're not interested in working
27:54
Speaker 2: for Zella at any point in time, Just confirming.
27:59
Speaker 4: I mean, if that's a opportunity, I'll give you my resume.
28:02
Speaker 2: But turn out a ten. We'll talk after this.
28:04
Speaker 4: Recording my life, I've always said in another life, I
28:08
Speaker 4: would study finance and have a Korean finance and I
28:12
Speaker 4: think that I love nursing and I love health and
28:15
Speaker 4: that's what I'm really interested in. But I think my
28:18
Speaker 4: second career could be in finance, and I would love that.
28:21
Speaker 4: And there has been times when I've had doubt or
28:24
Speaker 4: whatever about what I'm doing, as we all do, and
28:27
Speaker 4: I have gone on to university websites and looked at
28:30
Speaker 4: finance degrees.
28:31
Speaker 3: So it is something that I would love to do
28:34
Speaker 3: in the future.
28:35
Speaker 4: But at the moment, it's just a bit of a
28:38
Speaker 4: passion and a hobby.
28:39
Speaker 2: No, I love it, keep it up. I also love
28:41
Speaker 2: this concept that you're literally not even an RN yet
28:45
Speaker 2: you're already talking about your second career. It's so gen
28:48
Speaker 2: z to be like, Okay, my first career is going
28:51
Speaker 2: to be in nursing, and then my second career, I'm
28:53
Speaker 2: going to go do this Like we're not even just
28:55
Speaker 2: talking about job hopping here. We're talking about like complete
28:58
Speaker 2: pivots career. I'm obsessed with it. I love it. I
29:01
Speaker 2: could talk to you all day. I need to get
29:03
Speaker 2: on with the questions though, and the next question I
29:05
Speaker 2: already know the answer to, but we're going to ask
29:08
Speaker 2: because formula is formula. Do you have any debts? If so,
29:11
Speaker 2: what are they?
29:12
Speaker 4: No, I don't have any debts.
29:14
Speaker 2: Nobody saw that coming. That is so surprising.
29:19
Speaker 4: I hope I won't have any debts apart from good
29:22
Speaker 4: ones in the future. Obviously a plan to get a mortgage.
29:25
Speaker 4: I don't have any hex at the moment, and I
29:28
Speaker 4: won't with this degree. But yeah, I could go back
29:31
Speaker 4: to union study finance, so I might have some ex dentdings.
29:36
Speaker 2: We don't have to do a thousand hours of like
29:39
Speaker 2: volunteer work, So that's like a bonus if you want
29:42
Speaker 2: to kind of like segue before I get to the
29:44
Speaker 2: last two questions. Obviously, having so many savings is making
29:49
Speaker 2: the journey of becoming an as so much easier, I
29:52
Speaker 2: would assume than it is for a lot of You know,
29:55
Speaker 2: a lot of my friends went through this process when
29:57
Speaker 2: we were at UNI, and I remember talking to them
30:00
Speaker 2: about having to do all of these like internships and
30:03
Speaker 2: all of this placement that you weren't paid for. How
30:06
Speaker 2: are you funding that? Is it through your savings? And
30:10
Speaker 2: how are your friends, in the same course funding that,
30:12
Speaker 2: Because I feel like it's such a backwards theory that
30:17
Speaker 2: you're the one that has to pay in your time
30:19
Speaker 2: and energy and you know, loss of income in every
30:23
Speaker 2: other aspect of your life to actually become a nurse.
30:25
Speaker 2: To me, that's such a backward system. How are you
30:28
Speaker 2: and your friends managing that?
30:30
Speaker 4: Well? Yeah, frankly, to get serious, I just I hate
30:34
Speaker 4: the idea of unpaid placement. I agree that, Yeah, I
30:37
Speaker 4: think it's just fundamentally wrong. There's a huge gap in
30:42
Speaker 4: our need for nurses and healthcare workers in general, so
30:46
Speaker 4: it is baffling to me that in order to become
30:49
Speaker 4: a nurse you need to do unpaid placement, and I
30:53
Speaker 4: have seen so many people drop out for that reason.
30:56
Speaker 4: I've seen people I've got friends now who've dropped down
30:59
Speaker 4: to part time because they cannot. At the start of
31:02
Speaker 4: the year, they said, I cannot financially do full time
31:05
Speaker 4: this year because I can't support myself through placement. I
31:09
Speaker 4: personally like at the moment in my degree, we've only
31:13
Speaker 4: ever had two week placements at a time, and I've
31:17
Speaker 4: worked throughout that, which has been really challenging and I
31:20
Speaker 4: probably wouldn't recommend doing. It's definitely led to burnout. At
31:24
Speaker 4: the end of those two weeks, I'm exhausted and was
31:27
Speaker 4: definitely sleep deprived. So yeah, it definitely hasn't been easy.
31:31
Speaker 4: Placement is really tricky, and I know a lot of
31:34
Speaker 4: people find it to be huge burden financially. But yeah,
31:37
Speaker 4: I've worked throughout, obviously at decreased hours to what I'd
31:41
Speaker 4: usually do, and it is that extra challenge of, Yeah,
31:46
Speaker 4: it's frustrating going on placement and knowing that, oh, I'm
31:48
Speaker 4: just going to have to give up work to be,
31:52
Speaker 4: you know, at a hospital full time doing unpaid hours.
31:55
Speaker 4: So yeah, it is really frustrating. It's hard to manage.
31:59
Speaker 4: It doesbviously mean that my income takes dip, but generally
32:04
Speaker 4: I work throughout and that's just sort of how I've
32:07
Speaker 4: managed to not go into my savings when I'm on placement.
32:11
Speaker 2: That's awesome to hear. I want to know a bit
32:14
Speaker 2: more about the placement. I guess the nature of placement
32:18
Speaker 2: you could call it, because when I was younger and
32:21
Speaker 2: I was in my first degree at university, I didn't
32:24
Speaker 2: unpaid internship, and at the time I thought it was
32:26
Speaker 2: like the best opportunity in the entai world. And if
32:29
Speaker 2: you've listened to lots of podcasts, you've probably heard me
32:31
Speaker 2: talk about this before, where at the time I thought
32:34
Speaker 2: it was like the best opportunity. But in hindsight, I'm like, ah,
32:37
Speaker 2: that's unpaid labor that you probably should have been paying
32:39
Speaker 2: me for and the product that I created while working
32:42
Speaker 2: for you you now sell and make a whole heap
32:44
Speaker 2: of money off. Like we're not going to name and shame,
32:46
Speaker 2: but like I remember being so excited about the opportunity
32:51
Speaker 2: because they'd told me the dream, right, They're like, you're
32:53
Speaker 2: going to get so much out of this, you're going
32:54
Speaker 2: to do this, this, this, and this. But when you're
32:57
Speaker 2: doing an unpaid placement here in Australia, technically you're not
33:01
Speaker 2: meant to contribute to the work as an unpaid intern.
33:04
Speaker 2: You're meant to just like watch on and watch people
33:06
Speaker 2: do things and learn, you know, just through seeing them.
33:09
Speaker 2: If that's the nature of the placement. But I know
33:11
Speaker 2: that's not true for nurses, right, Like you're not just
33:13
Speaker 2: going into a hospital for one thousand hours and standing
33:16
Speaker 2: around and watching the doctors and nurses work.
33:18
Speaker 4: Are you?
33:19
Speaker 2: What are you doing on that unpaid placement?
33:23
Speaker 4: Yeah? So in an ideal world, yes, that's placements meant
33:26
Speaker 4: to be learning.
33:27
Speaker 3: You're meant to go in there.
33:28
Speaker 4: And I believe we actually technically pay for placement through
33:31
Speaker 4: our university piece.
33:32
Speaker 2: Oh that's good. Yeah, that makes absolute sense. That checks
33:36
Speaker 2: out right, pay for the privilege.
33:37
Speaker 4: Yeah, exactly so in theory, I believe that's why you
33:42
Speaker 4: pay for replacement, because you're meant to go in and
33:44
Speaker 4: learn from them, and they're meant to like have the
33:47
Speaker 4: staffing to facilitate you just being there to learn. I
33:51
Speaker 4: don't think I've ever been in a clinical environment where
33:55
Speaker 4: that is the case. It varies depending on where you're
33:58
Speaker 4: placed and depending on the staffing. But in this current climate,
34:02
Speaker 4: like in our health system, and not to out it
34:05
Speaker 4: too much, but it's a bit of a disaster with nursing,
34:08
Speaker 4: and I've seen it firsthand. I didn't believe it until
34:10
Speaker 4: I was on placement and I was like, this is
34:13
Speaker 4: a disaster. Like the ratios. Everything is just a disaster.
34:17
Speaker 4: And I had to be an extra pair of hands.
34:20
Speaker 2: Okay, absolutely, And if.
34:21
Speaker 4: You're there, standing there, you know with obviously it's your
34:25
Speaker 4: degree progresses, you have more and more skills. So especially
34:29
Speaker 4: now where I'm almost well kind of almost graduated, got
34:34
Speaker 4: the rest of the year to go, then I'll be graduated.
34:36
Speaker 4: You know, they will see me as an extra pair
34:38
Speaker 4: of hands and they will use me. And that's an
34:42
Speaker 4: important way to learn. I want to learn. I want
34:44
Speaker 4: to be there to do that and I want to
34:47
Speaker 4: help out the nurses themselves. But it is a little
34:50
Speaker 4: bit for the system that we are seen as an
34:53
Speaker 4: extra pair of hands and that we have to be
34:56
Speaker 4: an extra pair of hands because it's so understaffed. So yeah,
34:59
Speaker 4: and it's to be on placement and doing what the
35:02
Speaker 4: nurses are doing and.
35:03
Speaker 2: Not being paid for it one hundred percent.
35:05
Speaker 4: You are sometimes doing the exact same And don't get
35:09
Speaker 4: me wrong, they have years more experience and.
35:11
Speaker 2: They know what they're doing, oh of course.
35:14
Speaker 4: But it is frustrating to sometimes be doing the exact
35:17
Speaker 4: same thing and you're not being paid. In fact, you're
35:20
Speaker 4: paying to be there, and obviously they're getting paid. So yeah,
35:24
Speaker 4: it's forwed. I don't know exactly how to fix it,
35:27
Speaker 4: but the system is flawed.
35:29
Speaker 2: Yeah, I feel like that makes absolute sense. And I mean,
35:32
Speaker 2: on the flip side of that, exactly what you're saying, right,
35:35
Speaker 2: Like if I was doing an internship or if I
35:39
Speaker 2: was doing a placement, especially in healthcare, where so much
35:43
Speaker 2: of it is not really about the theory. It's about
35:46
Speaker 2: the practice. Like you've got to get the theory right
35:47
Speaker 2: and that's why you go to university, but obviously the
35:50
Speaker 2: practical is so important that they make you do these placements.
35:53
Speaker 1: Right.
35:54
Speaker 2: I would want to be being hands on. I feel
35:57
Speaker 2: like I'm a hands on learner. I want that experience,
36:00
Speaker 2: But at the same time, I genuinely believe you should
36:03
Speaker 2: be remunerated for that. Do you feel like there's this,
36:06
Speaker 2: I guess, legacy kind of attitude in the hospitals or
36:10
Speaker 2: just with other nurses who maybe already have all of
36:14
Speaker 2: the experience and are now being paid that well, you're
36:17
Speaker 2: an internal, you know your on placement, you have to
36:19
Speaker 2: pay your dues kind of vibe because I feel like
36:22
Speaker 2: that would exist and is one of the flaws of
36:25
Speaker 2: the system where you know, well you can clean all
36:27
Speaker 2: the bed pants, because when I was a on placement,
36:29
Speaker 2: that's what I had to do, and you kind of
36:31
Speaker 2: cut your teeth right.
36:32
Speaker 3: One hundred percent.
36:33
Speaker 4: There definitely is that sort of attitude of like you're
36:37
Speaker 4: at the bottom of the food chain, like you've got
36:39
Speaker 4: to do the dirty work. I think when I particularly
36:43
Speaker 4: when I was first starting out, when I was started
36:45
Speaker 4: my degree, on my first placements, I was just willing
36:48
Speaker 4: to do anything. I wanted to do anything. I wanted
36:52
Speaker 4: to learn as much as I could out of the placements.
36:55
Speaker 4: I was happy to do whatever, and that didn't bother me. Now, well,
37:00
Speaker 4: I can really see the nurses who genuinely want you
37:03
Speaker 4: to learn and the nurses who want you to do
37:06
Speaker 4: their dirty work.
37:07
Speaker 2: Yeah.
37:07
Speaker 4: Absolutely, and it is very obvious. You really notice as
37:11
Speaker 4: well when you're with a nurse who wants you to
37:13
Speaker 4: learn and I've had I've been partnered with incredible nurses
37:18
Speaker 4: and teachers who may not even have been in the
37:23
Speaker 4: like in nursing that long, and they will just do
37:26
Speaker 4: everything they can to teach you. And I've had nurses
37:28
Speaker 4: say to me, no, no, no, you don't need to
37:30
Speaker 4: do that. You don't have to do all the dirty jobs.
37:32
Speaker 4: I'll do it, like, you don't just have to do that,
37:35
Speaker 4: and I was like, no, I'm happy to. And I
37:37
Speaker 4: think when you're with someone who really wants you to
37:39
Speaker 4: learn and who's treating you really well, you don't mind
37:42
Speaker 4: doing the dirty work. You're like, it's almost like thanking
37:44
Speaker 4: them on.
37:45
Speaker 2: One hundred percent because it's a respect thing. You're giving
37:48
Speaker 2: them a hand. Like you don't become a nurse because
37:50
Speaker 2: you don't want to do those like no one wants
37:52
Speaker 2: to do those things. But at the end of the day,
37:54
Speaker 2: it's helping your patient and it's putting everybody in a
37:58
Speaker 2: better position. So you just want to get it done.
38:00
Speaker 2: Don't want to feel like someone's taking advantage of your
38:02
Speaker 2: kindness exactly.
38:03
Speaker 3: It's all how it happens.
38:05
Speaker 4: I think if someone's taking advantage of your kindness, and
38:08
Speaker 4: someone is taking advantage of having a student who they
38:12
Speaker 4: can force to do the dirty work. Then that's when
38:14
Speaker 4: it's frustrating. When you're with an amazing nurse who genuinely
38:18
Speaker 4: wants you to learn and is putting their time and
38:21
Speaker 4: effort into you, then you're like, well, I'll do whatever
38:25
Speaker 4: I can to help out you, and like, obviously they're
38:29
Speaker 4: for the patience if it's going to help them too. Absolutely,
38:32
Speaker 4: of course there's no issues with it. So yeah, it
38:34
Speaker 4: is all about the approach.
38:35
Speaker 2: I think, Yeah, it's so interesting to have these conversations.
38:38
Speaker 2: I'm sorry I have. I guess segued into that, but
38:42
Speaker 2: at the moment, while doing a lot of research on this,
38:44
Speaker 2: it's just it's grinding my gears so much more than
38:48
Speaker 2: it did before. Like before I was like, oh, you know,
38:50
Speaker 2: I was in their similar position, But I'm looking at it,
38:53
Speaker 2: I'm like, healthcare, what do you mean? Like, you, guys,
38:55
Speaker 2: we learned through the pandemic just how essential first responders
39:00
Speaker 2: and people on the front line are. Yet we're still
39:02
Speaker 2: taking advantage by making them work harder than the average
39:06
Speaker 2: bear to even get into that job, like it's some
39:08
Speaker 2: sort of privilege, Like it is anyway, I won't go
39:11
Speaker 2: on and on.
39:12
Speaker 4: Yeah, it's amazing how our approach to getting healthcare workers
39:17
Speaker 4: hasn't changed since the pandemic. It's amazing that we're not
39:21
Speaker 4: like the process to become a nurse is. I don't
39:25
Speaker 4: know why they haven't tried to make it easier. I
39:28
Speaker 4: don't know why they haven't tried to enumerate us for
39:30
Speaker 4: our placement hours. There's so many things that are stopping
39:33
Speaker 4: people along the way, and it's like, no, wonder we
39:36
Speaker 4: don't have any well, not enough nurses.
39:38
Speaker 2: There would be so many beautiful people that we're missing
39:40
Speaker 2: out on having in that space just because they simply
39:43
Speaker 2: can't afford it. But they're probably the right people to
39:45
Speaker 2: be in the right position, So it's arguably a privilege
39:48
Speaker 2: to get that far. Like, it's such a deep conversation
39:51
Speaker 2: that we will definitely go into even further on the
39:54
Speaker 2: podcast very soon. Money arrest, I want to know, though,
39:58
Speaker 2: I feel like you've got so many them, So I'm
40:00
Speaker 2: going to make you pick a best What is your
40:02
Speaker 2: best money habit?
40:03
Speaker 4: I would probably say tracking my spending. It's a pretty
40:08
Speaker 4: simple thing to do, and I think it's made the
40:10
Speaker 4: biggest difference to me. So I, yeah, I have an
40:15
Speaker 4: excel spread geet sexy. It doesn't have any fancy formulas
40:20
Speaker 4: or anything in it. I just simply track down where
40:23
Speaker 4: all my money's going. I need that as well for
40:27
Speaker 4: as I'm like partially self employed and obviously do all
40:31
Speaker 4: my own tax and stuff, I actually need to keep
40:33
Speaker 4: track of how much I'm earning as well from each job.
40:36
Speaker 4: So that's probably made the biggest difference for me, because
40:39
Speaker 4: I can see where my money's going. And I think
40:43
Speaker 4: for me, I've always had the approach with money of
40:45
Speaker 4: being intentional. I don't mind spending a whole bunch of
40:50
Speaker 4: money on travel or on things that align with my values.
40:54
Speaker 4: I wouldn't necessarily say I'm a stingy person, because I'll
40:57
Speaker 4: happily spend a lot of money on what I want
41:00
Speaker 4: to spend my money on. So I think by tracking it,
41:03
Speaker 4: I can see where my money's going, and it does reinforce,
41:07
Speaker 4: like it just shows you where there's maybe gaps, like
41:10
Speaker 4: where is my money going where that actually doesn't align
41:13
Speaker 4: with my values and I don't.
41:15
Speaker 3: Want to do that anymore. You can sort of see
41:17
Speaker 3: it more clearly.
41:18
Speaker 2: Love flip it on its head though you seem incredibly
41:23
Speaker 2: good with money. So I just don't know if you're
41:25
Speaker 2: even going to have a response to this, what's your
41:28
Speaker 2: worst money habit? My friend, I definitely do.
41:31
Speaker 4: I'm by no means perfect. I'm sorry if I've given
41:34
Speaker 4: off that impression.
41:35
Speaker 2: But no, I'm taking the mickey. I think that you
41:38
Speaker 2: are very honestly, from my perspective, really well balanced. Like
41:41
Speaker 2: the way you're approaching this, the way that you're acknowledging
41:44
Speaker 2: the way privilege has come into your money story as
41:47
Speaker 2: well as you know, even just the hustle of working
41:51
Speaker 2: through your placements, Like it's obvious that it's not just
41:54
Speaker 2: privilege that plays into this, it is hard work as well.
41:57
Speaker 2: And I think you know, at a time like now,
42:00
Speaker 2: when people are probably going to be honestly, there are
42:02
Speaker 2: going to be people who are going to be triggered
42:04
Speaker 2: by hearing that you have so much in savings. But
42:06
Speaker 2: I think that that's more of a reflection of them
42:09
Speaker 2: feeling a little bit insecure than downplaying what you have done.
42:12
Speaker 2: And I think that it's really important to talk about
42:15
Speaker 2: it that way because if people are listening to this going,
42:17
Speaker 2: oh my god, she's perfect money, can't believe she has
42:19
Speaker 2: a bad money habit, like we all do it doesn't
42:21
Speaker 2: matter if you had a million dollars in savings, you
42:23
Speaker 2: could still have bad money habits. So my friend, what
42:26
Speaker 2: is it?
42:26
Speaker 4: Well, I would probably say, like most people, I'm a
42:30
Speaker 4: sucker for a sale. Yeah, a sale gets me in.
42:33
Speaker 4: I am a marketer's dream.
42:34
Speaker 2: Oh so am I straight down the rabbit hole.
42:37
Speaker 4: But also as well my super, I think that I
42:41
Speaker 4: have done contributions to super, and because I've had work
42:46
Speaker 4: that's been through a company like I haven't done. I
42:49
Speaker 4: haven't been self employed for it. I've obviously had SUPER
42:53
Speaker 4: that's been contributed on my behalf through them, but because
42:58
Speaker 4: I'm managing it now at the moment, I'm completely self employed.
43:02
Speaker 4: My souper is completely my responsibility and that is just
43:08
Speaker 4: hard to manage, honestly, just timing wise. Like to sit
43:12
Speaker 4: down and go through my super and do the process
43:15
Speaker 4: of making my own contributions. It takes time and I'm
43:17
Speaker 4: probably a little bit slack with it. So yeah, I
43:22
Speaker 4: hope that I get a little bit better with that.
43:24
Speaker 4: That's definitely something I can work on.
43:25
Speaker 2: I feel like that's very fair and that is something
43:28
Speaker 2: that most small business owners or people who are self
43:30
Speaker 2: employed are going to resonate with. Like we've all been
43:33
Speaker 2: terrible at doing our own super. I guess the best
43:35
Speaker 2: tip I have there is when I do it for
43:38
Speaker 2: me personally, I just do it quarterly. You might be
43:40
Speaker 2: doing basses, and if you're not doing basses, that's okay.
43:43
Speaker 2: But bass time seems to be a time to kind
43:45
Speaker 2: of like reconcile all my accounts, get everything up to date,
43:48
Speaker 2: and make a super contribution. And I feel like if
43:50
Speaker 2: you lump it all in with that, it becomes process
43:52
Speaker 2: as opposed to trying to find a time in the
43:54
Speaker 2: month to actually do that. And there might be a
43:58
Speaker 2: lot of people to go, oh vi, but I want
43:59
Speaker 2: to do that weekly or I want to do that monthly,
44:01
Speaker 2: and that's so fine because there's going to be different
44:03
Speaker 2: systems that work for different people. I actually need the
44:06
Speaker 2: structure of going, okay, cool, it's time to do all
44:09
Speaker 2: my reconciliations and make sure my bass is on point
44:12
Speaker 2: and everything is good to go, and I also do
44:14
Speaker 2: my super then so maybe that will help. But who knows.
44:17
Speaker 4: Yeah, I think some structure would be very helpful because
44:21
Speaker 4: at the moment, it's just like when I think of
44:23
Speaker 4: it and can find.
44:24
Speaker 2: Time exactly, No, I just remind myself a fast time
44:28
Speaker 2: to do that. Anyway, at the start of this episode,
44:31
Speaker 2: you gave yourself a financial grade of B, and I
44:34
Speaker 2: really I told you at the time like unacceptable response
44:36
Speaker 2: would only be accepting a's but learning a bit about
44:39
Speaker 2: you and you know what your thoughts and feelings and
44:42
Speaker 2: I guess values are when it comes to money, Like
44:45
Speaker 2: I feel like that does in a way check out,
44:48
Speaker 2: but it's not a comparison to other people who might
44:50
Speaker 2: say that they're a B. And I think that's important
44:53
Speaker 2: to recognize as well. But I'm not going to ask
44:55
Speaker 2: you the standard. Do you think you're still a B?
44:57
Speaker 2: Because I feel like you have thought about this a lot.
44:59
Speaker 2: But question I have is what would it take to
45:02
Speaker 2: get to an A plus for you?
45:05
Speaker 4: I mean, my big money goal, as I said, would
45:07
Speaker 4: be to get a property, and I think that if
45:10
Speaker 4: I could do that and have set it up in
45:14
Speaker 4: a way that it's an investment that's generating me passive income,
45:19
Speaker 4: that to me would be a situation where I could
45:21
Speaker 4: be hopefully in A plus going into a career like
45:25
Speaker 4: nursing knowing that I'm probably going to be earning less
45:29
Speaker 4: than I do now as a university student, which just
45:32
Speaker 4: crazy to think about the idea of having a passive
45:35
Speaker 4: income on the side that's supporting me. Yeah, that would
45:38
Speaker 4: probably be what it takes to get me to an
45:41
Speaker 4: A plus. But yeah, I definitely do feel like, particularly
45:45
Speaker 4: in relation to property, I've a lot more to learn.
45:47
Speaker 4: So I think going through the process of buying a
45:51
Speaker 4: property and setting it up so that it can be
45:54
Speaker 4: a passive income would probably mean that I have the
45:58
Speaker 4: knowledge and then that income. That wouldn't mean I'm hopefully
46:02
Speaker 4: close to your name Love, Love.
46:04
Speaker 2: Well Money Diarist. I have loved having this conversation with you.
46:08
Speaker 2: I'm so grateful that you have I guess shared this
46:11
Speaker 2: journey with us and shared your stock tips and tricks
46:14
Speaker 2: and how you've been investing and what your savings looks
46:16
Speaker 2: like and broken it all down, but also shared with
46:19
Speaker 2: us the highs and the lows. Thank you so much
46:21
Speaker 2: for joining us. It has been an absolute pleasure.
46:24
Speaker 4: Thank you so much for having me. It's a bit
46:26
Speaker 4: of a dream come true.
46:29
Speaker 2: Love. The advice shared on She's on the Money is
46:38
Speaker 2: general in nature and does not consider your individual circumstances.
46:42
Speaker 2: She's on the Money exists purely for educational purposes and
46:45
Speaker 2: should not be relied upon to make an investment or
46:48
Speaker 2: financial decision. If you do choose to buy a financial product,
46:51
Speaker 2: read the PDS TMD and obtain appropriate financial advice tailored
46:55
Speaker 2: towards your needs. Victoria Divine and She's on the Money
46:59
Speaker 2: are authorized representatives of Money super p T y L
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