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MONEY DIARIES: 27, 0 savings, tax debt, and $50 · She's On The Money

• 0:00
  Speaker 1: She's on the Money. She's on the Money.
• 0:16
  Speaker 2: Hello, and welcome to She's on the Money, the podcast
• 0:19
  Speaker 2: for millennials who want financial freedom. My name is Tony Lodge,
• 0:23
  Speaker 2: and joining me for another Money Diary is miss Victoria Devine.
• 0:27
  Speaker 3: Tony Lodge. How are you good? How are you?
• 0:30
  Speaker 2: I am in such a good mood today, I say,
• 0:33
  Speaker 2: you know how some days you wake up on the
• 0:34
  Speaker 2: wrong side of the bed. I have woken up on
• 0:37
  Speaker 2: the right side of the bed. I mean a great mood.
• 0:39
  Speaker 2: It's terrible weather outside, but we've both got a cup
• 0:41
  Speaker 2: of tea and we're ready to go. And I'm just
• 0:43
  Speaker 2: really really excited about calling our money Diary.
• 0:46
  Speaker 3: I am too. And you've been hyping this up. You're like,
• 0:48
  Speaker 3: this is going to be a good one. You're going
• 0:49
  Speaker 3: to love it. So I want to hear about it.
• 0:51
  Speaker 3: Read me the email. Let's get straight into it.
• 0:53
  Speaker 4: Here we go.
• 0:54
  Speaker 2: I started a business at twenty two. It took off
• 0:57
  Speaker 2: in under two weeks, and I was so uneducated, naive,
• 1:00
  Speaker 2: broke and loving the influx of all the money I
• 1:03
  Speaker 2: was making that technically wasn't mine. You know, taks get
• 1:06
  Speaker 2: pyg Nope, I didn't know about any of that. I
• 1:10
  Speaker 2: mean you should, but I was just spending it as
• 1:12
  Speaker 2: it came in, mostly back into the business, but also
• 1:14
  Speaker 2: to get myself out of the twenty K debt of
• 1:16
  Speaker 2: a car Loan, credit cards, holiday debt, crazy ex boyfriend
• 1:20
  Speaker 2: accounts that got left in my name, and I had
• 1:23
  Speaker 2: that I had to pay for. In my first year
• 1:25
  Speaker 2: of trade, I made ninety eight two hundred and fifty
• 1:29
  Speaker 2: six dollars and seventeen cents on the books, but I
• 1:32
  Speaker 2: took a lot of it as cash.
• 1:33
  Speaker 3: Oh my god.
• 1:34
  Speaker 2: My second year was around seventy thousand something. I wasn't
• 1:38
  Speaker 2: paying any super or anything. Three years later, after loving
• 1:41
  Speaker 2: my business and loving the freedom, I thought it best
• 1:43
  Speaker 2: to see an accountant.
• 1:44
  Speaker 3: Yeah, good idea.
• 1:46
  Speaker 2: I owed eighteen thousand dollars to the ATO.
• 1:48
  Speaker 3: Oh, I mean, that's not as bad as I thought
• 1:50
  Speaker 3: it could.
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  Speaker 2: Be with literally one thousand dollars in my bank.
• 1:54
  Speaker 3: Yeah, that's actually as bad as I thought it could be.
• 1:56
  Speaker 2: I burst into tears and he was amazing. I continued
• 1:59
  Speaker 2: to trade for another two Two years after seeing him,
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  Speaker 2: I still lived week to week and now I owe
• 2:04
  Speaker 2: over twenty k to the eighty OO have shut my
• 2:06
  Speaker 2: business moved into state whilst putting current debts on hold,
• 2:09
  Speaker 2: paying four hundred and ninety dollars a week rent in
• 2:11
  Speaker 2: two different states. And I'm writing this now with literally
• 2:13
  Speaker 2: fifty dollars in my account. Here, I am twenty seven
• 2:17
  Speaker 2: zero savings, zero investments, and fifty dollars. But I'm not
• 2:21
  Speaker 2: scared because better things must be coming.
• 2:23
  Speaker 3: They must be. Let's get her on the phone. I
• 2:25
  Speaker 3: want to have a chat. Well here already, we've already
• 2:27
  Speaker 3: been talking about it, this money.
• 2:28
  Speaker 4: Direst to I. We're a vibe together.
• 2:31
  Speaker 3: We both love dogs. Yep, she has a two hour
• 2:34
  Speaker 3: if a Buck's in the background. I'm forgive us. I'm
• 2:37
  Speaker 3: probably not going to get you to edit it out
• 2:39
  Speaker 3: because it's a vibe.
• 2:40
  Speaker 2: Well, thank you so much for joining us Money Diros.
• 2:43
  Speaker 2: It's lovely to have you.
• 2:45
  Speaker 5: I'm so gxcited to be here. Thank you.
• 2:47
  Speaker 3: Honestly, I'm so impressed that you've got this story and
• 2:50
  Speaker 3: it's not you know, obviously it's not a super positive one,
• 2:53
  Speaker 3: but more often than not, on She's on the money,
• 2:55
  Speaker 3: we you know, kind of get the stories after people
• 2:58
  Speaker 3: have refound their feet, right, Yeah, and.
• 3:01
  Speaker 2: That's why I kind of really when I read the
• 3:04
  Speaker 2: email from our money diarist. I thought, I like the
• 3:07
  Speaker 2: idea of giving someone the opportunity to share their story
• 3:11
  Speaker 2: when it's not the best part yet, and you know
• 3:15
  Speaker 2: there's going to be a lot of people. We were
• 3:17
  Speaker 2: actually talking in the office yesterday about a posts in
• 3:21
  Speaker 2: our Facebook group, someone saying, you know.
• 3:24
  Speaker 4: There's a lot of people in this group really.
• 3:26
  Speaker 2: Killing it and doing a great job, but is anybody struggling?
• 3:29
  Speaker 2: And it has so many comments and so much interaction
• 3:32
  Speaker 2: because often, and it's the same with social media and everything,
• 3:35
  Speaker 2: people share the best parts of their lives and you
• 3:38
  Speaker 2: don't actually see.
• 3:38
  Speaker 4: The the you know, the crappy parts.
• 3:41
  Speaker 3: So I thought this would be a.
• 3:42
  Speaker 2: Great opportunity to share a story of someone that's just
• 3:45
  Speaker 2: like at the beginning of their journey.
• 3:47
  Speaker 3: You're on the road to success. Though you're on a journey,
• 3:50
  Speaker 3: you've been there before and there's no reason why you
• 3:53
  Speaker 3: can't get back there again. So I have so many questions.
• 3:56
  Speaker 3: I want to have a good job, but as always,
• 3:59
  Speaker 3: we have the structured questions at the start. Are you
• 4:02
  Speaker 3: ready for them?
• 4:04
  Speaker 5: Yes?
• 4:05
  Speaker 3: All right? First question is what is your attitude towards money?
• 4:10
  Speaker 5: I think my attitude's pretty it's really bad. I feel
• 4:13
  Speaker 5: like it's really influenced by who I'm around or what
• 4:16
  Speaker 5: I'm currently doing. It's weird. I haven't actually really found
• 4:21
  Speaker 5: a positive kind of attitude or outlook on it. I
• 4:25
  Speaker 5: feel like I'm getting there now. But I always kind
• 4:28
  Speaker 5: of had this attitude like, oh, don't worry, it can
• 4:31
  Speaker 5: be remade, or money will always find me, which it
• 4:34
  Speaker 5: generally always does. Sometimes it all ends up working out
• 4:39
  Speaker 5: for me. So I've always just kind of gone with that.
• 4:41
  Speaker 5: But yeah, I think it's time to change that attitude
• 4:44
  Speaker 5: because I don't think it's very sustainable.
• 4:47
  Speaker 3: I don't feel like it's serving you anymore.
• 4:50
  Speaker 5: No, definitely not like especially when you stop having like
• 4:55
  Speaker 5: an influx of money, but like literally now, like I
• 4:57
  Speaker 5: can't find any. So we're just going to show that
• 5:00
  Speaker 5: it can't always be remade. And I would always tell myself, oh,
• 5:03
  Speaker 5: don't worry, I'll just make it again, or I'll get
• 5:07
  Speaker 5: a job, or like because I freelances while I do
• 5:10
  Speaker 5: a lot of photography and videography, like I'll just book
• 5:12
  Speaker 5: some clients and get some money. It'll all be fine.
• 5:17
  Speaker 5: So yeah, I'm going to say that it's pretty influenced
• 5:20
  Speaker 5: by what I'm doing, and I feel like it's I
• 5:22
  Speaker 5: feel like I'm really alone with that. And I felt
• 5:25
  Speaker 5: like it was why I kind of wanted to get
• 5:27
  Speaker 5: on here and talk about it, because yeah, every time
• 5:31
  Speaker 5: I would be stressed about it, people wouldn't. I felt
• 5:33
  Speaker 5: like people weren't really taking it seriously because they were like, Oh,
• 5:36
  Speaker 5: I don't worry, just do some savings or whatever. But like, no,
• 5:39
  Speaker 5: I was so weak to weak. It was really bad.
• 5:43
  Speaker 3: And that sounds like a really stressful position to be
• 5:46
  Speaker 3: in because I'm assuming from the outside looking in, you
• 5:49
  Speaker 3: probably looked like a really successful business owner who had
• 5:52
  Speaker 3: theseus was killing it, and so they assumed that, all right, well,
• 5:55
  Speaker 3: she'll have pockets of cash somewhere.
• 5:57
  Speaker 5: Right exactly exactly, And to talk about not doing good
• 6:01
  Speaker 5: to your clients or on your socials was like so
• 6:05
  Speaker 5: taboo or it was kind of like nobody really wanted
• 6:09
  Speaker 5: to hear it. And I actually wrote a blog about
• 6:12
  Speaker 5: like the ins and outs of my business because when
• 6:14
  Speaker 5: people didn't lock up or people just canceled last minute,
• 6:17
  Speaker 5: like it affected me so much. But yeah, like in
• 6:20
  Speaker 5: that case, because my business was service based, I just
• 6:24
  Speaker 5: work an extra few hours to make the money that
• 6:27
  Speaker 5: I needed or something like that. So I think I'm
• 6:30
  Speaker 5: learning a good attitude towards money.
• 6:33
  Speaker 3: I love that as much as it's not serving you
• 6:35
  Speaker 3: right now. I really genuinely love that you've got that
• 6:38
  Speaker 3: level of reflection and you're like, look, that's actually not
• 6:41
  Speaker 3: serving me anymore. I need to change this. But yeah,
• 6:44
  Speaker 3: it also sounds a bit like you're not sure what
• 6:46
  Speaker 3: the next step to actually facilitate that change is. And
• 6:49
  Speaker 3: we will get there. But yeah, the next question is
• 6:53
  Speaker 3: what do you do for work and how much do
• 6:55
  Speaker 3: you currently earn.
• 6:58
  Speaker 5: Well, now, I still am in the be the industry.
• 7:01
  Speaker 5: I work as a cosmetic tutoist, lash and brow artist,
• 7:07
  Speaker 5: and combined with my freelance and photography, which are both casual,
• 7:11
  Speaker 5: I probably make I just under like sixty five before tax.
• 7:16
  Speaker 3: Yeah, that's not too bad, especially in your freelance. And
• 7:20
  Speaker 3: I'm pretty sure our friend Covid has had.
• 7:24
  Speaker 5: A little bit of an impact people in.
• 7:26
  Speaker 3: The last twelve months. But that's just me, you know.
• 7:28
  Speaker 2: Especially the two particular industries you're in, beauty and no photography.
• 7:34
  Speaker 4: You know, nobody.
• 7:35
  Speaker 2: We weren't allowed to touch anybody for a whole year.
• 7:39
  Speaker 5: It was so bad. But I was so lucky when
• 7:41
  Speaker 5: I lived in Adelaide. I casually worked one day a
• 7:44
  Speaker 5: week at a p dietary clinic just to in front
• 7:47
  Speaker 5: of house and like nails and Joel removal, and they
• 7:50
  Speaker 5: put me on job keeper. But because I had been
• 7:52
  Speaker 5: there for however long it was and got job keeper
• 7:55
  Speaker 5: from them, I actually wasn't allowed to claim anything through
• 7:58
  Speaker 5: my business. Yeah yeah, yeah, And I didn't know that.
• 8:03
  Speaker 5: So when the opportunity came for me to jump on
• 8:05
  Speaker 5: the job keeper with the pediatric clinic, I was like, yep,
• 8:08
  Speaker 5: and then I can still get what i've Yeah, So
• 8:13
  Speaker 5: I was lucky in that sense. I was able to
• 8:16
  Speaker 5: go on job keeper and keep me afloat throughout that time.
• 8:19
  Speaker 3: All right, what is your big money goal right now?
• 8:25
  Speaker 5: I just want to get on top of my debts.
• 8:30
  Speaker 5: I just want to pay all them off, as I've
• 8:32
  Speaker 5: heard on your podcast many a time, and you don't
• 8:35
  Speaker 5: have savings if you've got debt. So currently I don't
• 8:37
  Speaker 5: have any savings goals. I'm just trying to work hard,
• 8:41
  Speaker 5: pay off my debts and just stay ahead. I really
• 8:43
  Speaker 5: want to have that freedom to like not wake up
• 8:46
  Speaker 5: with this big cloud of tax sp.
• 8:49
  Speaker 3: Yeah, and that's actually really challenging because I do absolutely
• 8:52
  Speaker 3: subscribe to the belief that if you are in debt,
• 8:55
  Speaker 3: you don't have savings. Yeah, but I so believe very
• 8:59
  Speaker 3: passionately that even if you are in debt, you need
• 9:01
  Speaker 3: an emergency account because I don't call those savings savings
• 9:04
  Speaker 3: are things that we are going to use for the future.
• 9:07
  Speaker 3: An emergency account is sitting to the side so that
• 9:10
  Speaker 3: if something else should pop up, we don't end up
• 9:12
  Speaker 3: having to go into more Dell, not a cash cash,
• 9:17
  Speaker 3: so like if something happened to your dog, you can
• 9:20
  Speaker 3: actually pay for that out right. And I think that
• 9:23
  Speaker 3: a lot of.
• 9:23
  Speaker 2: People confuse what that actually is for.
• 9:28
  Speaker 3: Yeah, they confuse what that's for, and they will refer
• 9:30
  Speaker 3: to their emergency get account as savings that they have
• 9:33
  Speaker 3: that are disposable. You're like, no, no, no, that actually
• 9:36
  Speaker 3: needs to sit there because that's kind of your you know,
• 9:39
  Speaker 3: that's your buffer. That's the thing that you're going to
• 9:40
  Speaker 3: rely on when we don't have cash coming in and
• 9:43
  Speaker 3: if something happens, we can dip into that. And I
• 9:46
  Speaker 3: think too many times people forget to prioritize themselves and
• 9:51
  Speaker 3: they know that while you're in debt, having an emergency
• 9:53
  Speaker 3: account would actually afford you some level of financial freedom
• 9:56
  Speaker 3: because you'd feel a lot more comfortable. So I think
• 9:59
  Speaker 3: that something that even if you are in debt, I
• 10:02
  Speaker 3: would always prioritize, even if it's like one hundred dollars
• 10:06
  Speaker 3: sitting to the side, even if it's like, you know,
• 10:09
  Speaker 3: five hundred dollars, like whatever you can afford to put
• 10:11
  Speaker 3: a side in cash and going nope, I'm just gonna
• 10:14
  Speaker 3: save that for a rainy day. I'm going to save
• 10:16
  Speaker 3: that in my emergency fund. It will always make you
• 10:19
  Speaker 3: feel a little bit more comfortable.
• 10:21
  Speaker 4: And prioritize that over debt reduction.
• 10:23
  Speaker 3: Yes, absolutely, because reduction can take years. Debt reduction can
• 10:27
  Speaker 3: take a really long time and feel really overwhelming. But
• 10:30
  Speaker 3: what we can do to make that period of time
• 10:33
  Speaker 3: while we're paying debt off less overwhelming is making sure
• 10:36
  Speaker 3: we have something on the side to look after ourselves.
• 10:38
  Speaker 3: We're not saying go save for a holiday, because that's
• 10:41
  Speaker 3: not what we mean. What we mean is go and
• 10:44
  Speaker 3: put some money to the side. So if the proverbial
• 10:47
  Speaker 3: hits the fan again, we're not going into more debt.
• 10:50
  Speaker 3: We're not relying on other sources of debt to service that,
• 10:54
  Speaker 3: because it then becomes a spiral and it spirals out
• 10:57
  Speaker 3: of control.
• 10:58
  Speaker 4: But that's why we're here.
• 11:00
  Speaker 3: Yeah, that's why we talk about money.
• 11:02
  Speaker 4: All the time.
• 11:02
  Speaker 5: Literally, I love the podcast. And you know what, You're
• 11:05
  Speaker 5: so right because the other day I have another dog.
• 11:08
  Speaker 5: I took it as a dog puck and she got bit
• 11:10
  Speaker 5: and like I had to go, yeah, she's okay. I
• 11:13
  Speaker 5: had to take it to the bet And I was
• 11:14
  Speaker 5: texting to my boyfriend. I'm like, babe, like, all I've
• 11:16
  Speaker 5: got is my current pay, Like that'll just that means
• 11:19
  Speaker 5: I won't be able to pay rent. And like he
• 11:21
  Speaker 5: is honestly such an angel, like he he paid for it.
• 11:24
  Speaker 5: He also paid my tax debt so that I didn't
• 11:28
  Speaker 5: have to pay interest and now I pay him back.
• 11:30
  Speaker 3: Oh that is so sweet.
• 11:32
  Speaker 4: I'm so cleary.
• 11:34
  Speaker 5: Oh oh my god. He is the total opposite of me,
• 11:37
  Speaker 5: and like he Yeah, he's been a really great influence
• 11:43
  Speaker 5: I guess in me wanting to get better as well
• 11:46
  Speaker 5: and with Yeah, so like when you say that, like
• 11:49
  Speaker 5: I got paid and then that happened, and I'm like, shit,
• 11:51
  Speaker 5: I've got nothing aside for this anymore. So yeah, but.
• 11:57
  Speaker 3: I do say opposites are tract so that makes sense
• 12:00
  Speaker 3: to me.
• 12:01
  Speaker 5: Well, that's when he third, He's like ying young baby,
• 12:04
  Speaker 5: and I'm like, I love him. Yeah, he is so
• 12:09
  Speaker 5: Spapy's best.
• 12:10
  Speaker 3: All right, next question is do you currently have any investments.
• 12:15
  Speaker 5: I don't know, and I've always been so interested. I
• 12:19
  Speaker 5: went and actually saw a financial advisor because this is
• 12:22
  Speaker 5: like I think last year when I when COVID happened,
• 12:26
  Speaker 5: and I was like, oh my god, I just need
• 12:27
  Speaker 5: to speak to somebody. And I thought I thought financial
• 12:29
  Speaker 5: advisors so funny. I thought that they would just say
• 12:32
  Speaker 5: to kind of like talk to you about your money,
• 12:33
  Speaker 5: which you guys are help you. And I just I
• 12:37
  Speaker 5: honestly was looking for somebody to get me out of
• 12:40
  Speaker 5: the trouble that I was in by like telling me
• 12:43
  Speaker 5: what I need to do or like consolidating them all
• 12:46
  Speaker 5: and hooking me up like with a really good that
• 12:49
  Speaker 5: payment plan. And he was he was good at explaining,
• 12:53
  Speaker 5: you know, what I need to pay off first, but
• 12:56
  Speaker 5: then also just jumped straight into wanting to do super investments.
• 13:01
  Speaker 3: Well you're like, this is too much, too soon, this
• 13:04
  Speaker 3: is not what for.
• 13:06
  Speaker 5: Yeah, So I just wanted to talk to somebody because
• 13:09
  Speaker 5: I was so scared about how to get out of
• 13:12
  Speaker 5: this pickle. And you know, I have my family. My
• 13:15
  Speaker 5: brother he invests and his friends invest and they make
• 13:18
  Speaker 5: money off investing. You know, this is something that we
• 13:20
  Speaker 5: need to do. But I need to kind of get
• 13:22
  Speaker 5: out of the debt that I'm.
• 13:23
  Speaker 3: In, absolutely, and I wish, I wish I could see
• 13:26
  Speaker 3: everybody in that situation down and say, hey, you don't
• 13:30
  Speaker 3: actually need a financial advisor. You actually need to allow
• 13:33
  Speaker 3: friends at the National Debt Helpline and you need to
• 13:35
  Speaker 3: be connected with a free financial counselor so that they
• 13:38
  Speaker 3: can tell you all, right, debt reduction strategy, this is
• 13:41
  Speaker 3: what it is, and get you in contact with the
• 13:43
  Speaker 3: people that could help you. I will take that debt
• 13:45
  Speaker 3: or you know, talk to those debts that you have
• 13:48
  Speaker 3: to negotiate them down. And it just one of those calls.
• 13:53
  Speaker 2: That you like can't make because you're scared and you're
• 13:55
  Speaker 2: really vulnerable, and they'll make it easier.
• 13:58
  Speaker 3: And like, don't get me wrong, I've done exactly the
• 14:00
  Speaker 3: same thing for clients, and like it's something that you know,
• 14:02
  Speaker 3: if someone came to me and said, hey, I really
• 14:05
  Speaker 3: need your help with this, of course I would and
• 14:08
  Speaker 3: I do know what I'm doing. But these guys literally
• 14:10
  Speaker 3: do it day in day out and it's free, and
• 14:13
  Speaker 3: then you're not going to have that added pressure of
• 14:14
  Speaker 3: them going okay, but how can I commercialize this? How
• 14:17
  Speaker 3: can I, you know, make money from this interaction?
• 14:19
  Speaker 5: I didn't know that.
• 14:21
  Speaker 3: Yeah, it would.
• 14:21
  Speaker 2: Free, so money tourist will show you the way we're
• 14:26
  Speaker 2: on it.
• 14:27
  Speaker 3: Anyway, let's move on with the questions. Next question. I
• 14:31
  Speaker 3: feel like we've already addressed it, but it is do
• 14:33
  Speaker 3: you have any debts? And if so, how much debt
• 14:36
  Speaker 3: are you in?
• 14:38
  Speaker 5: I do so. I am eighteen thousand dollars?
• 14:44
  Speaker 3: Is that right?
• 14:46
  Speaker 5: Three zero?
• 14:47
  Speaker 3: Yeah? Eighteen thousand, yep.
• 14:49
  Speaker 5: Ye.
• 14:49
  Speaker 3: Imagine if it was four zeros and it was one
• 14:51
  Speaker 3: hundred and eighty thousand, that would be so sick.
• 14:53
  Speaker 5: And oh yeah, yeah, I've been paying off my tax
• 15:00
  Speaker 5: debt to my boyfriend currently. I pay him twenty dollars
• 15:06
  Speaker 5: a week because he's the best. And then I've got
• 15:09
  Speaker 5: that lovely Lombard account that we all have, m won,
• 15:15
  Speaker 5: all of us. But you know when you go to
• 15:16
  Speaker 5: go on a holiday and they're like, oh, well, you
• 15:18
  Speaker 5: can just put it on a ten thousand dollars credit card.
• 15:20
  Speaker 5: H hey, yeah, so I've got fifteen hundred on that.
• 15:24
  Speaker 5: And then I've got a gem visa with two thousand
• 15:28
  Speaker 5: and seven hundred on there, slowly chipping away them.
• 15:33
  Speaker 3: But yeah, that's.
• 15:34
  Speaker 4: That's my debt.
• 15:35
  Speaker 5: I don't have a car debt. I don't have any
• 15:38
  Speaker 5: student debt.
• 15:40
  Speaker 3: Just tax, just tax in a little bit of personal debt.
• 15:45
  Speaker 2: Yes, yeah, but it sounds like you're on the right track.
• 15:49
  Speaker 5: Yeah, totally like I for years. It's like, for years,
• 15:52
  Speaker 5: I just ignored it because I didn't want to face it.
• 15:55
  Speaker 5: And I actually didn't realize how accommodating companies are if
• 15:58
  Speaker 5: you just call them and tell them your situation.
• 16:00
  Speaker 2: That is so true, rather than just keeping getting dishonored payments.
• 16:04
  Speaker 2: Say it actually prefer if you call them and go, hey,
• 16:07
  Speaker 2: I'm actually in a bit of a people, do you mind?
• 16:09
  Speaker 3: Yeah?
• 16:10
  Speaker 5: I had yeah, yeah, And when one of them I've
• 16:14
  Speaker 5: had since I was twenty one, and I remember when
• 16:16
  Speaker 5: I called. I spoke to this really great guy and
• 16:19
  Speaker 5: he was like, look, we don't want to put you
• 16:20
  Speaker 5: in any more debt, so we'll give you yeah, I know,
• 16:24
  Speaker 5: and like that was the best. I actually like their
• 16:26
  Speaker 5: feedback with that comedy because I was so I was crying.
• 16:29
  Speaker 5: I was like so stressed because I was ignoring it,
• 16:31
  Speaker 5: ignoring it, ignoring it, and then yeah, if you just
• 16:35
  Speaker 5: like even with electricity bills, like if I'm ever going
• 16:38
  Speaker 5: to be late, I just called them that, hey, can
• 16:40
  Speaker 5: we please extend? It's like, yeah, no worries, Like they
• 16:43
  Speaker 5: literally don't care.
• 16:45
  Speaker 4: They actually want.
• 16:46
  Speaker 3: You to communicate with them. They actually want you to
• 16:49
  Speaker 3: just be honest about it, because at the end of
• 16:51
  Speaker 3: the day, if you communicate, they're going to get paid,
• 16:54
  Speaker 3: whereas if it's payments, they're like, well, are we ever
• 16:57
  Speaker 3: going to get paid? Like what's the deal?
• 16:58
  Speaker 5: Yeah.
• 16:59
  Speaker 3: So I think that's actually a really important point to
• 17:02
  Speaker 3: point out, and that's stop bearing if you're in debt,
• 17:06
  Speaker 3: stop bearing your head in the sand, and start just going,
• 17:09
  Speaker 3: you know what, these people probably care about me as well,
• 17:12
  Speaker 3: because I guarantee you they do. Give them a call.
• 17:15
  Speaker 3: Is it a bank loan, is it a car loan?
• 17:17
  Speaker 3: Is it a credit card? Give them a call and say, hey, guys,
• 17:20
  Speaker 3: I'm in a bit of a pickle. What can we do?
• 17:22
  Speaker 3: And more often than not, they're going to be willing
• 17:24
  Speaker 3: to work with you because they want to eventually get paid,
• 17:28
  Speaker 3: and if that means they agree on a lower term
• 17:30
  Speaker 3: so that you can pay it off over a longer
• 17:32
  Speaker 3: period of time, they're more likely to agree to that,
• 17:35
  Speaker 3: to say, you know what, You're right, we don't want
• 17:37
  Speaker 3: you in more debt, and ultimately we just want this
• 17:39
  Speaker 3: paid back. But if we put you in so much
• 17:41
  Speaker 3: financial stress that you can't, there's every option that you'll
• 17:45
  Speaker 3: default and just not pay it back at all.
• 17:47
  Speaker 5: Yeah. I had no idea. So that was something that
• 17:50
  Speaker 5: I just wish I did earlier on because I definitely
• 17:52
  Speaker 5: would be in the situation that I'm in.
• 17:55
  Speaker 3: Now and it would have taken a fair bit of
• 17:56
  Speaker 3: stress off as well, just knowing, oh, that's actually, you know,
• 17:59
  Speaker 3: not as overwhelming as I thought it was going to be.
• 18:02
  Speaker 5: Yeah, And I called them and it's done.
• 18:04
  Speaker 3: And that leads into another question that is one of
• 18:06
  Speaker 3: my favorite questions to ask, and that is what is
• 18:09
  Speaker 3: your best money habit?
• 18:12
  Speaker 5: Oh my god, do you know what? I don't think
• 18:16
  Speaker 5: I have one? Like no, no, no, no.
• 18:19
  Speaker 3: I could not only reframe this, my friend, it is
• 18:21
  Speaker 3: facing your debts. Your best money habit is recently weren't
• 18:26
  Speaker 3: and it is opening up to the fact that you
• 18:28
  Speaker 3: have debt and you want to get it done, and
• 18:29
  Speaker 3: you want to get it paid down and you're willing
• 18:32
  Speaker 3: to put your hand up and go, no, this is overwhelming.
• 18:35
  Speaker 3: I can't deal with that. And you're calling people like
• 18:37
  Speaker 3: just before you said you have the confidence to call
• 18:39
  Speaker 3: the electricity company if you can't make the debt, Like, yeah,
• 18:43
  Speaker 3: I don't even know if I could do that, because
• 18:45
  Speaker 3: picking up the phone can feel really overwhelming.
• 18:48
  Speaker 5: Yeah, and having the shame of just being like you know,
• 18:50
  Speaker 5: because they kind of sometimes make you feel a little
• 18:52
  Speaker 5: bit like, oh, what so you can't pay that stay
• 18:54
  Speaker 5: and I'm literally like, no, I can't. I'm so sorry.
• 18:58
  Speaker 3: But that's okay, because what we need to remember is
• 19:00
  Speaker 3: the people on the phone are usually just like us,
• 19:02
  Speaker 3: Like you're calling them and they're at their job. They
• 19:06
  Speaker 3: know what a credit card is, like some of them
• 19:08
  Speaker 3: are probably going to be in debt themselves, like.
• 19:10
  Speaker 2: They don't own a gl they don't have any ulterior motives.
• 19:13
  Speaker 3: Nah, you know, you're not calling the CEO, Like you're
• 19:16
  Speaker 3: not like, hey, CEO, you earn like hundreds of millions
• 19:19
  Speaker 3: of dollars, just wondering it's actually you're calling someone who's
• 19:24
  Speaker 3: probably in the same situation as you, earns a very
• 19:27
  Speaker 3: similar amount and potentially has either grappled with this themselves
• 19:31
  Speaker 3: or has friends and family who have grappled with this.
• 19:34
  Speaker 3: And if we start to contextualize what these things look
• 19:38
  Speaker 3: like and humanize it, you go, you know what, it's
• 19:40
  Speaker 3: not actually that weird to pick up the phone and
• 19:42
  Speaker 3: just chat with somebody, because you know, inherently people are
• 19:45
  Speaker 3: kind and inherently people and want the best figure And
• 19:49
  Speaker 3: I think that you're learning this and it's something that
• 19:51
  Speaker 3: I want you to hire community to learn. And that's
• 19:54
  Speaker 3: the if you just put your hand up, I guarantee
• 19:57
  Speaker 3: you there are more people around who want to help
• 19:59
  Speaker 3: you than not.
• 20:00
  Speaker 5: Yeah. Yeah, And like that was really why I decided
• 20:04
  Speaker 5: to submit my money diary, because when I decided to
• 20:07
  Speaker 5: close my business, like I didn't have to be like
• 20:10
  Speaker 5: I was so busy, but I just couldn't grow and
• 20:15
  Speaker 5: get ahead, if you know what I mean. Like it
• 20:17
  Speaker 5: was like the money was coming in, but then it
• 20:19
  Speaker 5: was going straight back out. But I was still booked
• 20:21
  Speaker 5: and busy every day. Sometimes people's lives aren't always what
• 20:26
  Speaker 5: it think. Yeah, And if anybody I guess, you know,
• 20:31
  Speaker 5: thinking about starting a business or they owning a business,
• 20:34
  Speaker 5: and they say, like not doing the things that I
• 20:38
  Speaker 5: was doing, Like you know, not taking out any super
• 20:40
  Speaker 5: or any tax, Like it's, yeah, I just really hoped
• 20:43
  Speaker 5: this could help somebody, or because I felt so alone,
• 20:46
  Speaker 5: and I still do feel really alone, Like being with
• 20:48
  Speaker 5: a partner who spoke great at money and it's always
• 20:51
  Speaker 5: been so great with money, you just feel really upset.
• 20:54
  Speaker 5: I guess in a little bit not worthless, but you
• 20:56
  Speaker 5: just don't understand. Well, I don't know. It's just always
• 20:59
  Speaker 5: hard to kind of know, like how did I get
• 21:01
  Speaker 5: here and how can I get out? I just wanted
• 21:03
  Speaker 5: somebody not alone.
• 21:06
  Speaker 4: But there's some people are so kind.
• 21:08
  Speaker 2: There's a Victoria Divine special quote which I'm going to
• 21:10
  Speaker 2: rattle off you.
• 21:11
  Speaker 3: What is it?
• 21:12
  Speaker 2: And it's you don't know what you don't know, so
• 21:16
  Speaker 2: you can't look back on yourself and judge yourself for
• 21:20
  Speaker 2: not paying tax or taking super or whatever, because you
• 21:24
  Speaker 2: didn't know that you had to do that. I know,
• 21:26
  Speaker 2: how Billy, No, you didn't know. You didn't know.
• 21:31
  Speaker 3: But I'm so excited for your future because like as
• 21:33
  Speaker 3: much as you're in debt right now, like, think about
• 21:36
  Speaker 3: all the knowledge you have now if you go you
• 21:38
  Speaker 3: know what business was for me, But this time I'm
• 21:40
  Speaker 3: going to do it right. I guarantee you you would
• 21:43
  Speaker 3: go to your accountant first and set up your banking
• 21:46
  Speaker 3: structures to make sure that that never happens again. And
• 21:49
  Speaker 3: so often you see successful people, they're not actually the
• 21:53
  Speaker 3: ones that just got up in the morning and we're like,
• 21:55
  Speaker 3: you know what, I'm going to create a business.
• 21:57
  Speaker 5: They're the ones that.
• 21:57
  Speaker 3: Got up when they were pushed down. They were in debt,
• 22:00
  Speaker 3: and they had businesses failing, and then they tried again.
• 22:03
  Speaker 3: And I think you start looking into people who have
• 22:07
  Speaker 3: genuinely been successful. Their key differentiating factor. From my perspective,
• 22:13
  Speaker 3: I've obviously got this like just idea that I know
• 22:15
  Speaker 3: what I'm talking about. It's actually their grit. And grit
• 22:20
  Speaker 3: is something that you know, I see in other people,
• 22:23
  Speaker 3: and it's probably the one trait that I genuinely look
• 22:26
  Speaker 3: out and I go, oh my gosh, like I want
• 22:28
  Speaker 3: to be more like them. What is it? I can't
• 22:30
  Speaker 3: put my finger on it. It's their grit.
• 22:32
  Speaker 4: But you get back up every time.
• 22:33
  Speaker 3: They get back up every time, like they're never down
• 22:35
  Speaker 3: about what people are saying about them. They you know,
• 22:38
  Speaker 3: take every every opportunity that comes in their stride as
• 22:41
  Speaker 3: a learning opportunity, and you just go Wow, Like I
• 22:43
  Speaker 3: wish I was more like that. It's not somebody who
• 22:47
  Speaker 3: was an overnight success because you go, well, that that
• 22:49
  Speaker 3: kind of comes down to luck, Like you know, they
• 22:52
  Speaker 3: were just lucky that they had the right advice and
• 22:54
  Speaker 3: they were lucky that then you know what, you don't
• 22:56
  Speaker 3: want to put it down to luck. But I think
• 22:58
  Speaker 3: that we just really don't ward the people that we
• 23:01
  Speaker 3: see who are successful after getting up so many times
• 23:04
  Speaker 3: as much as we should, because that's really impressive. And
• 23:07
  Speaker 3: from the sound of it, you sound like that person.
• 23:09
  Speaker 3: You're just halfway through that journey.
• 23:12
  Speaker 5: Yeah, yeah, just deciding to shut it into close and
• 23:16
  Speaker 5: to move back to Queensland where my family was. I
• 23:18
  Speaker 5: guess I wasn't scared because I can see the end goal,
• 23:21
  Speaker 5: Like I can see how good things will be and everything,
• 23:24
  Speaker 5: like it's already all in the stars. Like I'm just
• 23:27
  Speaker 5: going with it because I know that the whole journey's
• 23:30
  Speaker 5: already literally planned out. I just have to do what
• 23:33
  Speaker 5: I'm currently doing and just know that, Yeah, I guess
• 23:36
  Speaker 5: everything will be okay.
• 23:40
  Speaker 3: Yeah, even at the.
• 23:41
  Speaker 2: Bottom of your email, you said better things are coming,
• 23:43
  Speaker 2: Like I'm positive.
• 23:44
  Speaker 4: There's not a lot of people, yeah that have.
• 23:46
  Speaker 2: Been through what you've been through, and at where you're
• 23:48
  Speaker 2: at now that have that outlook, you know, and it
• 23:51
  Speaker 2: definitely makes me think that your best money habit is
• 23:54
  Speaker 2: that you feel comfortable talking about it even though it's
• 23:58
  Speaker 2: not great at the moment, and you're on a way
• 24:00
  Speaker 2: to making it better.
• 24:02
  Speaker 5: Yeah.
• 24:02
  Speaker 2: Oh, if I'm so poetic, you are.
• 24:05
  Speaker 3: You are a poet and you didn't even know it.
• 24:10
  Speaker 4: Oh my god. A career in comedies on the past.
• 24:14
  Speaker 3: For both of us, for you, Tony, not for you.
• 24:17
  Speaker 3: I'm going to ask the last question before we jump
• 24:19
  Speaker 3: to a quick break. I'm not going to ask you
• 24:22
  Speaker 3: what your worst money habit is because I just don't
• 24:24
  Speaker 3: want to bring the vibe of this conversation down. So
• 24:27
  Speaker 3: what grade would you give yourself? If I forced you
• 24:30
  Speaker 3: to give yourself.
• 24:30
  Speaker 5: A money grade, I would probably give myself a C.
• 24:38
  Speaker 3: I like that. That's fair. That's a fair.
• 24:41
  Speaker 5: I don't run anymore, and I prioritize what my money
• 24:45
  Speaker 5: goes to.
• 24:46
  Speaker 4: I like that.
• 24:48
  Speaker 2: And I know that we've definitely got enough track through
• 24:50
  Speaker 2: the structured well I say structured in quotation marked. But
• 24:54
  Speaker 2: we're going to take a really really quick break right
• 24:56
  Speaker 2: now and then keep asking some perfey questions, So do
• 24:58
  Speaker 2: not go anywhere.
• 25:00
  Speaker 3: There's so many have your questions. So jumping straight back
• 25:13
  Speaker 3: into it, obviously all of this is a lot to
• 25:17
  Speaker 3: take in for you as well as for us. But
• 25:20
  Speaker 3: I also I'm just I'm so excited about this story.
• 25:23
  Speaker 3: But you said before making the decision to close your
• 25:26
  Speaker 3: business and move home was something that was hard to do,
• 25:29
  Speaker 3: but it wasn't because your business was a failure. So
• 25:33
  Speaker 3: can you talk us through that decision making process? And
• 25:35
  Speaker 3: I guess what led you to go? You know what,
• 25:37
  Speaker 3: I'm done with this. I'm going to move home.
• 25:39
  Speaker 4: You know, I need to get my affairs in order.
• 25:41
  Speaker 3: Yeah, yeah, what was I guess the straw that broke
• 25:44
  Speaker 3: the camel's back there.
• 25:48
  Speaker 5: It's going to sound so cheesy too, but it was
• 25:50
  Speaker 5: becoming an auntie as well.
• 25:53
  Speaker 3: Oh cute, Yes, she likes babies. She is my people told.
• 25:59
  Speaker 5: You, Yeah, we are my older sister. It's the first child,
• 26:04
  Speaker 5: like out of our four kids.
• 26:06
  Speaker 4: That's very special.
• 26:08
  Speaker 5: Yeah, that happened. I guess, like with having the business,
• 26:14
  Speaker 5: I was from home in the beginning and then I
• 26:17
  Speaker 5: moved commercial because I did tattooing and you can't well
• 26:21
  Speaker 5: you can, but I didn't want to be that person
• 26:23
  Speaker 5: that operated illegally. Yeah. Yeah, I don't pay my taxes,
• 26:29
  Speaker 5: but I would.
• 26:30
  Speaker 3: Yeah, I don't play my taxes, but I am absolutely
• 26:33
  Speaker 3: not going to be doing a shop.
• 26:36
  Speaker 5: Yeah, it's all the front I yeah. So I was
• 26:51
  Speaker 5: paying obviously, Yeah, renting commercially, constantly, just buying, just staying
• 26:57
  Speaker 5: afloat with the business. And it was a client that
• 27:01
  Speaker 5: broke the straw on the camel's back. My client asked
• 27:04
  Speaker 5: me how I was, and I was. She was a
• 27:07
  Speaker 5: cosmetic tato in client as well, so like, she's going
• 27:09
  Speaker 5: to need me for the next year, every single year
• 27:12
  Speaker 5: for her brows to stay alive. But she said to me,
• 27:14
  Speaker 5: she was like, I think that it's really important as
• 27:17
  Speaker 5: people that we constantly re evaluate what we're doing, because
• 27:21
  Speaker 5: what serves you five years ago might not serve me now.
• 27:25
  Speaker 3: She's Gandhi.
• 27:26
  Speaker 5: Yeah, and five years ago, I was single and I
• 27:33
  Speaker 5: would just work. I would grind, just work, work, work.
• 27:36
  Speaker 5: I was so work. And then I met my partner
• 27:39
  Speaker 5: and he's from the UK and he's just breezy and
• 27:43
  Speaker 5: chill and slow, and I really needed that and he
• 27:49
  Speaker 5: slowed me down a lot, and it kind of got
• 27:52
  Speaker 5: me thinking that having like I had this goal to
• 27:54
  Speaker 5: have this really big salon and to do everything and
• 27:57
  Speaker 5: be that one place that does everything perfectly. And I
• 28:00
  Speaker 5: knew that it was going to be really hard to
• 28:02
  Speaker 5: get there, and I was willing to put somebody on
• 28:04
  Speaker 5: the following year, and I was going to get myself
• 28:07
  Speaker 5: out of the rut that I was in. But then
• 28:10
  Speaker 5: I couldn't slow down. So we would go away, we'd
• 28:12
  Speaker 5: go camping, and I'd have no reception and I'd be
• 28:14
  Speaker 5: having panic attacks with them, like oh, somebody's going to
• 28:16
  Speaker 5: have some weird reaction, or oh my god, if a
• 28:18
  Speaker 5: client needs to talk to me, I'm unavailable. And I
• 28:22
  Speaker 5: kind of just changed, Yeah, the direction that I wanted
• 28:26
  Speaker 5: my life to go in. I realized that I kind
• 28:28
  Speaker 5: of didn't want to.
• 28:33
  Speaker 3: Yeah.
• 28:33
  Speaker 5: I wanted to be able to turn off and just
• 28:36
  Speaker 5: slow down. And another one of my photography clients, he's
• 28:40
  Speaker 5: a jeweler, he said to me, he's like, you can't
• 28:43
  Speaker 5: have both. He's like, you can't go and travel for
• 28:45
  Speaker 5: a whole year and then come back to a business
• 28:49
  Speaker 5: for what I do because I'm so service based. And
• 28:53
  Speaker 5: I kind of thought for a long time, or do
• 28:55
  Speaker 5: I want this business, or do I want to travel?
• 28:58
  Speaker 5: Like what do I want? And when I thought about
• 29:03
  Speaker 5: closing and moving back home just to take some time
• 29:07
  Speaker 5: and to not do anything, that just felt really good
• 29:09
  Speaker 5: to me and I am less stressed, Like I'm not
• 29:14
  Speaker 5: worried anymore about having rent paid on time, And if
• 29:18
  Speaker 5: a whole day canceled, it was so tragic to me
• 29:21
  Speaker 5: because it would just affect everything. I wasn't in a position,
• 29:25
  Speaker 5: I guess, to be able to grow without having to
• 29:28
  Speaker 5: really be at the bottom of the barrel. And like
• 29:29
  Speaker 5: I've done it before, and I don't. I'm like that
• 29:32
  Speaker 5: weirdo that kind of really thrives when things are rough,
• 29:35
  Speaker 5: Like give me a hard situation, and I find it horny,
• 29:37
  Speaker 5: Like I love eating two minute noodles and sleeping out
• 29:41
  Speaker 5: of my car, Like I love the feeling that this
• 29:44
  Speaker 5: is really bad but it's for the best, you.
• 29:47
  Speaker 4: Know what I mean.
• 29:47
  Speaker 5: Like, so I guess I just didn't want to struggle
• 29:51
  Speaker 5: anymore as well.
• 29:52
  Speaker 3: And I love that because that's a hard decision to make.
• 29:55
  Speaker 3: But it sounds like you were making it for yourself
• 29:57
  Speaker 3: and your mental health and the power that you want
• 29:59
  Speaker 3: to to create, not necessarily the future that you know
• 30:03
  Speaker 3: you were working towards five years ago. That's such an
• 30:06
  Speaker 3: important point because five years ago, had you said to Tony,
• 30:09
  Speaker 3: do you think this is where you're going to be sitting,
• 30:11
  Speaker 3: I'm sure she would say.
• 30:12
  Speaker 4: Absolutely not came with me.
• 30:14
  Speaker 3: And too many times we stick to the plans that
• 30:17
  Speaker 3: we made for ourselves when we didn't have a view
• 30:20
  Speaker 3: of what the future looks like.
• 30:22
  Speaker 2: And being your head against the wall trying to make
• 30:24
  Speaker 2: it work, when actually we're humans, we can be more dynamic.
• 30:27
  Speaker 2: We can look at this and go, actually, this is
• 30:29
  Speaker 2: what I really wanted. But right now it's just not
• 30:32
  Speaker 2: for me. But me, it doesn't mean that in a year,
• 30:34
  Speaker 2: five years, twenty years you couldn't open another salon. Doesn't
• 30:38
  Speaker 2: mean you couldn't do that again. But just for right now,
• 30:40
  Speaker 2: it's like, you know what, I need a break.
• 30:42
  Speaker 4: I want to enjoy my.
• 30:43
  Speaker 2: Family, and that's really special. Not a lot of people
• 30:46
  Speaker 2: have the foresight to be able to go like this
• 30:47
  Speaker 2: can happen again.
• 30:48
  Speaker 4: It's just not for me right now.
• 30:50
  Speaker 3: And I think Yea said just too stubborn. We go, no,
• 30:53
  Speaker 3: I've been working for this like for the last five years,
• 30:57
  Speaker 3: and you go, yeah, that it might not be so
• 31:00
  Speaker 3: you anymore, whether that is that create a relationship, a business,
• 31:04
  Speaker 3: a friendship, you know, a job, like you don't just
• 31:07
  Speaker 3: have to stay because of tenure. You don't have to
• 31:10
  Speaker 3: just stay because well I've been here for five years,
• 31:12
  Speaker 3: Like that'll be a waste.
• 31:14
  Speaker 4: But it's not a waste.
• 31:15
  Speaker 2: It's not because you learn so much and are put
• 31:17
  Speaker 2: into situations that you can't plan. You can't orchestrate the
• 31:21
  Speaker 2: things that you're going to learn in those situations. But
• 31:23
  Speaker 2: you can go all right, you know what. I know
• 31:25
  Speaker 2: that I've been studying to be an equestrian nurse for
• 31:28
  Speaker 2: twenty years, but like now I don't want to do
• 31:30
  Speaker 2: That doesn't mean that you forget everything you new about horses,
• 31:33
  Speaker 2: very random example, I don't think. But it doesn't mean
• 31:38
  Speaker 2: that you forget what a horse looks like just because
• 31:40
  Speaker 2: you decide that you want to open an ice cream shop.
• 31:43
  Speaker 3: Like that would be a career pivot and a half,
• 31:45
  Speaker 3: wouldn't it, Tony?
• 31:46
  Speaker 2: Where does that come from?
• 31:47
  Speaker 3: I really like it, But I think it's I think
• 31:49
  Speaker 3: it's the same. And I feel like this transcends, you know,
• 31:52
  Speaker 3: not just money, but also into relationships. And you know,
• 31:55
  Speaker 3: we've all got that friend that you know you're kind
• 31:58
  Speaker 3: of going you probably should break up with your partner
• 31:59
  Speaker 3: because they're not that positive for you, or they're a
• 32:01
  Speaker 3: bit toxic or you know, you're not your best version
• 32:04
  Speaker 3: of you with them, and they say, oh, yeah, but I've.
• 32:06
  Speaker 2: Been them forever.
• 32:07
  Speaker 3: Yeah, yeah, exactly, And it is one of those things
• 32:10
  Speaker 3: that you just go but like it's not a waste.
• 32:13
  Speaker 3: You've learnt so much about you and they've got yeah
• 32:16
  Speaker 3: thirty and I'd have to go find a boyfriend.
• 32:20
  Speaker 5: All the dunk cost fallacy.
• 32:22
  Speaker 3: Oh what is that?
• 32:24
  Speaker 5: It's like where you stay with something because you feel
• 32:27
  Speaker 5: like you owe it from the time that you've put
• 32:29
  Speaker 5: into it.
• 32:30
  Speaker 4: Like, yeah, in positions like that, we definitely.
• 32:36
  Speaker 3: But like it doesn't matter who you are or how
• 32:38
  Speaker 3: old you are or you know what stage you're in.
• 32:41
  Speaker 4: You don't owe anyone anything.
• 32:42
  Speaker 3: No cut it.
• 32:43
  Speaker 4: Yeah, yeah, live your best life.
• 32:46
  Speaker 3: Oh look, yeahs.
• 32:52
  Speaker 2: Do you think you'll ever open another business?
• 32:56
  Speaker 5: I do. I definitely do doing what though I'm I'm
• 33:00
  Speaker 5: not entirely sure. Like with my photography, I've got like
• 33:03
  Speaker 5: four weddings books and I've only ever done one.
• 33:07
  Speaker 4: That's amazing. That is so and we all know that
• 33:10
  Speaker 4: weddings are.
• 33:10
  Speaker 2: Expensive so hopefully, hopefully you're getting a nice little payday
• 33:13
  Speaker 2: out of all.
• 33:15
  Speaker 5: Yes and and DSc.
• 33:19
  Speaker 4: Done.
• 33:20
  Speaker 5: Yes, Yeah, I definitely think so, like probably in photography
• 33:25
  Speaker 5: though I love beauty, but I remember, I just I
• 33:28
  Speaker 5: feel like we don't just have to do one thing,
• 33:31
  Speaker 5: oh now, absolutely our life. And I don't believe on
• 33:35
  Speaker 5: falling back like I don't think I want at least
• 33:37
  Speaker 5: I can just fall back on beauty because I'm going
• 33:39
  Speaker 5: to do something, it's going to still be like going forward.
• 33:42
  Speaker 5: So if I were to fall forward, I guess it
• 33:45
  Speaker 5: would be in something to do with beauty and the
• 33:48
  Speaker 5: skills that I've learned, but might not necessarily be like
• 33:51
  Speaker 5: I don't know on the tools or anything. But I
• 33:55
  Speaker 5: definitely do like the idea of having a business, and
• 33:58
  Speaker 5: if I were to do it again, it would be
• 33:59
  Speaker 5: done really well and I would so not be anxious,
• 34:03
  Speaker 5: and I would take.
• 34:05
  Speaker 2: All those things that you learn and be able to
• 34:07
  Speaker 2: implement that which is so powerful.
• 34:09
  Speaker 4: And again it shows that the.
• 34:11
  Speaker 2: Things that we go through are learned and we don't
• 34:13
  Speaker 2: forget what we've what we've been through.
• 34:15
  Speaker 4: To grow through as we grow through. Oh my gosh,
• 34:24
  Speaker 4: they just.
• 34:25
  Speaker 3: Call me over guys.
• 34:26
  Speaker 2: I feel like you can go and do anything right now.
• 34:29
  Speaker 3: I really love this, And there was something that you
• 34:32
  Speaker 3: just said that really resonated with me, Like I don't
• 34:35
  Speaker 3: want to fall back on something, I want to fall forward.
• 34:38
  Speaker 3: Why have I not thought of that before? How am
• 34:41
  Speaker 3: I going to fall forward into the next thing that
• 34:43
  Speaker 3: I'm going to do? And how am I going to
• 34:44
  Speaker 3: lean into that? And I really like that. I really
• 34:48
  Speaker 3: like this conversation and it just is for me a
• 34:51
  Speaker 3: really great mindset shift around being in debt and knowing
• 34:54
  Speaker 3: that you don't have to be ruled by your debt.
• 34:57
  Speaker 3: You can still have a life and you can still
• 35:00
  Speaker 3: enjoy things and dream about what the future looks like
• 35:03
  Speaker 3: and create. And I just think that so many people
• 35:06
  Speaker 3: think that their debt defines them. Have you ever felt
• 35:10
  Speaker 3: like your debt has defined you?
• 35:12
  Speaker 5: Absolutely? It's definitely like controlled my entire twenties, and it
• 35:18
  Speaker 5: like it made me feel like I was a person
• 35:21
  Speaker 5: that had constantly lived outside my means, which I was,
• 35:24
  Speaker 5: and I guess I tried to see where that stemmed from.
• 35:27
  Speaker 5: And it was definitely like growing up, we weren't like
• 35:30
  Speaker 5: a super wealthy family, but we kind of got everything
• 35:33
  Speaker 5: without question, Like there was four of us kids, and
• 35:35
  Speaker 5: whenever we needed something, you know, we got it. And
• 35:39
  Speaker 5: we always you know, got everything that we wanted for Christmas,
• 35:42
  Speaker 5: and we always worked and money was never a topic
• 35:45
  Speaker 5: at home. And when a brand car would come, never
• 35:48
  Speaker 5: know how we kind of got it, like it was.
• 35:50
  Speaker 4: But it I just kicked along somehow.
• 35:52
  Speaker 5: Yeah.
• 35:54
  Speaker 3: Yeah.
• 35:54
  Speaker 5: And then come when my parents broke up and I
• 35:57
  Speaker 5: was in with my dad and there was all this
• 35:58
  Speaker 5: debt and was all this drama. I was like, oh
• 35:59
  Speaker 5: my god. And you know, like he in saying that, though,
• 36:04
  Speaker 5: like I probably wouldn't have been able to still be
• 36:08
  Speaker 5: in debt and travel the country and run a business
• 36:10
  Speaker 5: if I didn't have my dad, Like say, Dad would
• 36:13
  Speaker 5: pay for my website. You know, Dad bought me a car,
• 36:15
  Speaker 5: Dad saved me, saved my house so many times throughout
• 36:19
  Speaker 5: my entire twenties. If I didn't have that, I probably
• 36:24
  Speaker 5: would be even more in debt. But at the same time,
• 36:26
  Speaker 5: it was kind of like, oh, here's the money, six
• 36:28
  Speaker 5: year problem, not okay, well, how can we stop you
• 36:31
  Speaker 5: from getting here again. It was kind of like there
• 36:33
  Speaker 5: was no putting. Yeah, it was just a band aid.
• 36:36
  Speaker 5: Here's some cash, pay for your website or here's some money.
• 36:40
  Speaker 4: Do this the poster which I guess kind of whim.
• 36:44
  Speaker 3: I guess some people could see that and go, wow,
• 36:46
  Speaker 3: that's entitled, But I don't know as like I just
• 36:50
  Speaker 3: you know, our parents often, you know, unfortunately this isn't
• 36:54
  Speaker 3: the case for everybody, but our parents often want the
• 36:56
  Speaker 3: best for us, and they often have absolutely, you know,
• 37:00
  Speaker 3: to just gift you things and fix things and give
• 37:02
  Speaker 3: a band aid to you, when in reality, like you know,
• 37:05
  Speaker 3: paying it off could have been very helpful in that moment,
• 37:08
  Speaker 3: or paying for a new website obviously really helped. But
• 37:11
  Speaker 3: also saying to you, all right, you know what money
• 37:14
  Speaker 3: diarist I was about to use the name, which I'm
• 37:17
  Speaker 3: not allowed to. We're going to not only pay this
• 37:20
  Speaker 3: off and get you out of it, but we're going
• 37:22
  Speaker 3: to stop you from doing it again. And I guess
• 37:24
  Speaker 3: that's why she's on the money exists. It's that conversation
• 37:28
  Speaker 3: around how do we stop you from doing it again?
• 37:30
  Speaker 3: Because you're not in trouble for doing it, like you're
• 37:32
  Speaker 3: not a bad person, we're not judging you for getting
• 37:35
  Speaker 3: into this situation. In fact, we put ourselves in your shoes.
• 37:39
  Speaker 3: We could probably see exactly how that came to be
• 37:43
  Speaker 3: yes with your experiences and the knowledge that you had. Like,
• 37:46
  Speaker 3: we're all just doing the best we can.
• 37:48
  Speaker 4: And trying to figure it out.
• 37:49
  Speaker 3: Yeah, we're just trying to figure it out. And like
• 37:51
  Speaker 3: some of us still haven't figured it out. Like I
• 37:54
  Speaker 3: think everybody puts me personally on a bit of a
• 37:56
  Speaker 3: pedestal and says, well, she must have it figured out.
• 37:59
  Speaker 3: I'm like no, Like, sometimes I have to take my
• 38:01
  Speaker 3: own advice and friends, it is hard. I don't want
• 38:05
  Speaker 3: to listen to Victoria's just crazy.
• 38:08
  Speaker 4: It's easy to give it.
• 38:10
  Speaker 3: Yeah, do as we say, not as we do, but
• 38:13
  Speaker 3: like that's just it, right, Like sometimes we just need
• 38:16
  Speaker 3: to step back and realize that it's not the situation
• 38:19
  Speaker 3: controlling us, it's us, and we can actually reframe that
• 38:23
  Speaker 3: situation into anything. And it sounds like you, my friend,
• 38:26
  Speaker 3: have done a really beautiful job of kind of reframing
• 38:29
  Speaker 3: it so that you're in a position of power as
• 38:31
  Speaker 3: opposed to and being the power that controls you.
• 38:35
  Speaker 5: Yeah.
• 38:36
  Speaker 4: Yeah, I love that.
• 38:38
  Speaker 3: I love that. We don't have heaps of time, But
• 38:41
  Speaker 3: I have a question, and I think that you know,
• 38:44
  Speaker 3: it might be a good place to leave it. A
• 38:47
  Speaker 3: lot of other people in our community are currently in
• 38:50
  Speaker 3: this position of struggle. They're in debt and things feel
• 38:53
  Speaker 3: like there's no light at the end of the tunnel.
• 38:55
  Speaker 3: What is your best piece of advice that you could
• 38:58
  Speaker 3: leave them with that is not going to make people
• 39:01
  Speaker 3: feel like we are on our own.
• 39:05
  Speaker 5: I think I've got two, and these are two that
• 39:08
  Speaker 5: really helped to ground me and make me feel like
• 39:12
  Speaker 5: I had it together even when I didn't. But the
• 39:15
  Speaker 5: first one is just to take each moment at a
• 39:18
  Speaker 5: time with your debt, not necessarily each day or each debt,
• 39:21
  Speaker 5: but literally each moment getting you to where you need
• 39:25
  Speaker 5: to be, and I guess facing them, and then your
• 39:29
  Speaker 5: gut is always right as well, like with anything, like
• 39:33
  Speaker 5: if I was feeling like funny, I guess about like
• 39:36
  Speaker 5: a situation that involves the money, and I knew I
• 39:39
  Speaker 5: didn't have the money, but I'd commit to it anyway,
• 39:41
  Speaker 5: Like I knew I shouldn't have done that, So I
• 39:43
  Speaker 5: guess just really listening, you know, to your gut. And yeah,
• 39:47
  Speaker 5: just taking each moment at a time and seeing an accountant,
• 39:51
  Speaker 5: finding a really really good accountant, and before you even
• 39:55
  Speaker 5: think about opening a business, just ask what you need
• 39:57
  Speaker 5: to do beforehand.
• 39:59
  Speaker 4: Because that was good stage.
• 40:01
  Speaker 5: Yes, yeah, it's just what you need to do beforehand,
• 40:04
  Speaker 5: I guess, and listen to Shoes on the Money because right, guys,
• 40:11
  Speaker 5: I'm so woke fun now. Just yeah, making sure that
• 40:16
  Speaker 5: you see on accountant first. Absolutely, I wish I did
• 40:20
  Speaker 5: that after.
• 40:22
  Speaker 2: I hope that people will listen to this and feel
• 40:24
  Speaker 2: really empowered because I definitely do mean too. Yeah, like
• 40:28
  Speaker 2: leaving this here and feeling that that way that you know,
• 40:31
  Speaker 2: it doesn't matter where you're at, tomorrow can always be better. Absolutely, No,
• 40:38
  Speaker 2: there's just always better things coming. And I love your
• 40:40
  Speaker 2: attitude and it sounds like you've been through a really
• 40:44
  Speaker 2: crazy journey up until now. But like you said, you're
• 40:47
  Speaker 2: twenty seven. Better things are coming and you've got a girlfriend.
• 40:51
  Speaker 5: Thank you.
• 40:52
  Speaker 3: I love that. I'm so sad. That's all we have
• 40:55
  Speaker 3: time for that. Oh you're amazing, Thank you.
• 40:59
  Speaker 5: Thank you for having me lady.
• 41:01
  Speaker 3: No, of course, But just before we head off, we'd
• 41:04
  Speaker 3: like to acknowledge and pay respect to Australia's Aboriginal and
• 41:07
  Speaker 3: Torrestory Islander people's the traditional custodians at the lands, the
• 41:11
  Speaker 3: waterways and the skies all across Australia. We thank you
• 41:15
  Speaker 3: for sharing and for caring for the land on which
• 41:17
  Speaker 3: we are able to learn. We pay respects to elders
• 41:19
  Speaker 3: past and present, and we share our friendship and our kindness.
• 41:23
  Speaker 2: The advice shared on She's on the Money is general
• 41:25
  Speaker 2: in nature and does not consider your individual circumstances.
• 41:29
  Speaker 4: She's on the Money exists.
• 41:30
  Speaker 2: Purely for educational purposes and should not be relied upon
• 41:33
  Speaker 2: to make an investment or financial decision, and we promise.
• 41:37
  Speaker 2: Victoria Devine is an authorized representative of Australia Pacific Funds
• 41:40
  Speaker 2: Management Proprietary Limited ABN three four one three two four
• 41:44
  Speaker 2: six three two five seven AFSL three three nine one
• 41:47
  Speaker 2: five one.
• 41:48
  Speaker 3: And thank you Tony for cutting this episode together anytimes. Yeah,
• 41:51
  Speaker 3: you're allegended.
• 41:52
  Speaker 2: I've got nothing else on, so I might as well.
• 41:54
  Speaker 3: John to man, it's so kind of you. Yeah, that's fine,
• 41:57
  Speaker 3: all right, See you next week for another money Dory
• 41:59
  Speaker 3: Guy record.
• 42:04
  Speaker 5: The