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$40K Invested, a $1.7M Property at 26 and Still Scared to Spend Money · She's On The Money

• 0:00
  Speaker 1: My name is Natasha Bamblett. I'm a proud First Nations woman,
• 0:03
  Speaker 1: and I'm here to acknowledge country. Hello, beautiful friends. We
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  Speaker 1: gather on the lands of the Aboriginal people. We thank, acknowledge,
• 0:13
  Speaker 1: and respect the Aboriginal people's land that we're gathering on today.
• 0:30
  Speaker 1: Take pleasure in all the land and respect all that
• 0:33
  Speaker 1: you see. She's On The Money podcast acknowledges culture, country, community,
• 0:39
  Speaker 1: and connections, bringing you the tools, knowledge, and resources for
• 0:44
  Speaker 1: you to thrive.
• 0:45
  Speaker 2: She's on the money. She's on the money. She's on
• 0:47
  Speaker 2: the money.
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  Speaker 3: Hello and welcome to She's on the Money, the podcast
• 0:54
  Speaker 3: that lets you be pervy about other people's money stories
• 0:57
  Speaker 3: for educational purposes, of course. Welcome back to another one
• 1:00
  Speaker 3: of our money diaries brought to you by our friends
• 1:03
  Speaker 3: at Sky Wealth, where I get the absolute privilege of
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  Speaker 3: sitting down with one of our incredible She's on the
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  Speaker 3: Money community members and talking to them all about their journey.
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  Speaker 3: Let's jump straight into it because this week I got
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  Speaker 3: a message and it sounded exactly like this. Hi, She's
• 1:18
  Speaker 3: on the Money. I have lived in a scarcity mindset
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  Speaker 3: for as long as I can remember. Even as a child,
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  Speaker 3: I always set my money from gifts aside for a
• 1:27
  Speaker 3: rainy day or I gave it to my mum. Unplanned
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  Speaker 3: or spontaneous purchases sent me into a spin out of
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  Speaker 3: anxiety even though I could afford it numerous times over.
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  Speaker 3: Although it's not quite where I would like to be,
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  Speaker 3: my mindset has much improved. With multiple savings account, a
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  Speaker 3: solid investment portfolio and a brand new mortgage, which I
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  Speaker 3: am in the very privileged position to share with my
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  Speaker 3: mum and younger brother, I feel like I finally have
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  Speaker 3: a grasp on my money and the team and podcast
• 1:54
  Speaker 3: have had such a positive influence. I would love to
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  Speaker 3: be able to share a little hope that someone else
• 2:00
  Speaker 3: can relate and not feel so alone. Just a little
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  Speaker 3: bit of a heads up and a trigger warning, my
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  Speaker 3: early money story does involve some emotional and financial abuse.
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  Speaker 3: Money Diarist, welcome to the show.
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  Speaker 2: Thank you for having me.
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  Speaker 3: Oh my goodness, I'm so excited. But also just like,
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  Speaker 3: what do you mean? Your mortgage is shared between your
• 2:21
  Speaker 3: family members, not like a partner or not on your own.
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  Speaker 3: That's such a different way of going about it.
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  Speaker 2: Yeah, no, we have done things a little bit differently.
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  Speaker 3: I'm really glad though. Like how exciting and how exciting
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  Speaker 3: that you want to share that story with me for
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  Speaker 3: our community to learn from. So before we dive any
• 2:39
  Speaker 3: further in, I need to know, if I asked you
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  Speaker 3: to give your money habits a grade from A through
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  Speaker 3: to F, what would it be?
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  Speaker 2: I think I'm sitting at a B plus or an
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  Speaker 2: A minus.
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  Speaker 3: Hey, that's pretty good. I like that out the gates.
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  Speaker 3: You're like, I don't know how I feel about money,
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  Speaker 3: but I'll say A minus maybe. I'm going to take
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  Speaker 3: that one. Money Diarist, let's dig a little bit deeper.
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  Speaker 3: Tell me a little bit more about your money story
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  Speaker 3: and the things that have impacted it.
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  Speaker 2: All right. So as in the trigger warning, it started
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  Speaker 2: off pretty well. So when I was quite young, I
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  Speaker 2: had both parents and we were in a high middle
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  Speaker 2: class to almost wealthy family. So, you know, they were
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  Speaker 2: both quite decent income earners and They had multiple investment properties.
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  Speaker 2: We went on holidays. We were sort of spoiled as kids.
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  Speaker 2: I got into horses. My brother was into motorbikes.
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  Speaker 3: Oh, horses.
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  Speaker 2: Yeah.
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  Speaker 3: Okay.
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  Speaker 2: Okay.
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  Speaker 3: You had money, money, girl. But also at the time,
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  Speaker 3: did you know that? Was that something that you were
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  Speaker 3: able to identify? Were you just like, girl, this is
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  Speaker 3: just life. Everybody gets a horse, right?
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  Speaker 2: Yeah. So I knew sort of that we were loved
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  Speaker 2: and that mum wanted us to have what we had.
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  Speaker 2: But she never let it get to our heads. So
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  Speaker 2: when we had friends over, everything was shared. Everything was
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  Speaker 2: sort of spread out. It wasn't like a, you are privileged. Yeah.
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  Speaker 2: It was a, you are loved and you have to
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  Speaker 2: share this sort of thing. You give and you take.
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  Speaker 3: I love that. I feel like that's something that, you know,
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  Speaker 3: I'm working really hard to instill in my kids. And
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  Speaker 3: I'm just like, okay, like if you, like we're having
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  Speaker 3: the daycare fight at the moment. Which is like, I
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  Speaker 3: want to take this to daycare. And I'm like, well,
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  Speaker 3: if you take it to daycare, you have to share it.
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  Speaker 3: Like if it's in a group setting, you have to
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  Speaker 3: share it. You don't get to play with your toys
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  Speaker 3: in front of another kid and not share.
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  Speaker 2: No, no. If you take it, you share it. Everyone
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  Speaker 2: gets the love.
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  Speaker 3: Exactly. All right. Tell me a little bit more.
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  Speaker 2: When I was about 10, my parents split and I
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  Speaker 2: didn't realize at the time or in that moment, but
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  Speaker 2: my father was actually quite financially abusive. So after they separated,
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  Speaker 2: he took a lower-paying job so that he didn't have
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  Speaker 2: to pay as much child support and didn't, as he
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  Speaker 2: put it, have to support our lifestyle. Okay.
• 4:53
  Speaker 3: Yeah. But, like, what's the difference between, quote, our lifestyle
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  Speaker 3: and your obligations as a parent?
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  Speaker 2: Oh, I don't know. Don't ask me to explain his mindset. Oh, no.
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  Speaker 2: You know what?
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  Speaker 3: I don't want to understand his mindset because we actually–
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  Speaker 3: Like we want to learn to not be that, not
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  Speaker 3: learn more about that, but just, I'm so sorry because
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  Speaker 3: that would have made you feel more like an obligation.
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  Speaker 3: Whereas a child, like you're just meant to exist. Like
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  Speaker 3: you're meant to just have a nice life and the
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  Speaker 3: life that your parents provide for you. Like, oh my heart.
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  Speaker 2: Yeah, no, I was very, very lucky in that mum
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  Speaker 2: was amazing. She was fantastic. So, She never made us
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  Speaker 2: feel like obligation. She worked her butt off, but tried
• 5:41
  Speaker 2: to hide it from us as much as she could.
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  Speaker 2: And even though he was doing these things and he
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  Speaker 2: was not looking after us or getting out of any
• 5:51
  Speaker 2: way he could to not support us. Mum never let
• 5:55
  Speaker 2: that sort of go on to us. And she always
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  Speaker 2: said it was his problem, it was his thing. She
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  Speaker 2: had to work three jobs to support us because he- Oh, mum,
• 6:02
  Speaker 2: you weapon. Oh, she was. He also took all their
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  Speaker 2: investment properties with him.
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  Speaker 3: And she wouldn't have had any cash to fall back
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  Speaker 3: on to hire legal advice to put herself in the
• 6:12
  Speaker 3: best possible position. Because I think so many times people
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  Speaker 3: are like, well, if you get divorced, it gets split 50-50.
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  Speaker 3: Not if he's financially abusive and you can't reach for
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  Speaker 3: support and actually argue the fact that it's meant to
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  Speaker 3: be yours.
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  Speaker 2: No, that's exactly right. And she was too worried about,
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  Speaker 2: so he was worried about his finances. This just shows
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  Speaker 2: how it goes. He was worried about his finances. She
• 6:36
  Speaker 2: was worried about us. And she had a judge, because
• 6:39
  Speaker 2: she was doing it on her own, she had a
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  Speaker 2: judge actually say to her, I could make your kids
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  Speaker 2: live with him if that's what I wanted. Right.
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  Speaker 3: Excuse me?
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  Speaker 2: And so she basically stopped trying to fight for Annie
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  Speaker 2: and all of the investment properties. Like she was just
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  Speaker 2: fighting for us. As soon as she knew she was
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  Speaker 2: getting us, she just folded her hands and said, nah,
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  Speaker 2: that's it. I got what I wanted. Leave me alone.
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  Speaker 3: I love her so much. What a good mum.
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  Speaker 2: Oh, she's the best. She's the best.
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  Speaker 3: Oh my goodness.
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  Speaker 2: All right.
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  Speaker 3: Tell me more. Tell me more. Okay. So.
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  Speaker 2: Relying on mum who worked on the three jobs. Because
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  Speaker 2: of that, she did as much as she could to
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  Speaker 2: let us live as close to the lifestyle as we knew.
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  Speaker 2: So I was still riding my horses. I was still competing.
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  Speaker 2: My brother got into clay target shooting. She worked so,
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  Speaker 2: so hard. And there were times where it was rough,
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  Speaker 2: but she tried to hide it from us and sort
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  Speaker 2: of made them into games or like fun memories almost. So,
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  Speaker 2: you know, there'd be times where she'd struggle to put
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  Speaker 2: dinner on our table. And so she'd phone a friend
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  Speaker 2: and she'd go, look, this is the situation. I don't
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  Speaker 2: have a meal for my kids tonight. Can we come
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  Speaker 2: over for dinner? And so it'd be a fun memory
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  Speaker 2: where we're going to friends' houses for dinner.
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  Speaker 3: Isn't it crazy looking back, being like, wow, that's not
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  Speaker 3: how I saw it. And now she's probably told you, oh,
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  Speaker 3: did you know that we went to, you know, Sharon's
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  Speaker 3: house on Thursdays because things were a bit tight and
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  Speaker 3: Sharon really helped us out and you're like that's not
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  Speaker 3: how it felt like oh that's so beautiful.
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  Speaker 2: Yeah no that's it I remember the first time I
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  Speaker 2: overheard her telling a friend so she didn't even tell
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  Speaker 2: me I would have been close to my 20s at
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  Speaker 2: this stage still hadn't figured it out and yeah she
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  Speaker 2: was on a phone conversation talking to one of her
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  Speaker 2: new friends who was going through a similar situation said
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  Speaker 2: oh yeah I used to not be able to put
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  Speaker 2: dinner on the table for the kids and so we'd
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  Speaker 2: go to friends houses And.
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  Speaker 3: So you're literally like eavesdropping on your mum's phone call
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  Speaker 3: being like, sorry, what? And if you're anything like me,
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  Speaker 3: the second your mum got off the phone, you would
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  Speaker 3: have been like, excuse me. That's exactly how it happened.
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  Speaker 2: I went, I'm sorry, what just happened?
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  Speaker 3: What did you just say? Because you just told her
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  Speaker 3: this thing and that doesn't align with my memories.
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  Speaker 2: Yeah, exactly. You did not tell us this when we
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  Speaker 2: were kids.
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  Speaker 3: Oh my goodness. And you know why she didn't? Because
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  Speaker 3: she was trying to protect the magic of your childhood.
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  Speaker 2: That's it.
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  Speaker 3: That's a good mama.
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  Speaker 2: Oh, she was. Oh.
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  Speaker 3: So what happened? You're going to friends' houses for dinner.
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  Speaker 3: You thought it was magic. Your mum was like, thank
• 9:12
  Speaker 3: God I've got a good friendship circle.
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  Speaker 2: Oh, yeah. Yeah, no, support is definitely needed. She just continued.
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  Speaker 2: Things got sort of a little bit easier. We had
• 9:21
  Speaker 2: some really good neighbours and such that helped us out.
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  Speaker 2: She managed to buy a property. During this, we got
• 9:29
  Speaker 2: 33 acres. We lived there and your neighbours were a
• 9:31
  Speaker 2: really big help. 33 acres.
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  Speaker 3: Hold on, does that mean you got to have your
• 9:35
  Speaker 3: hawkses at home?
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  Speaker 2: Yes, I got to have my hawkses at home. So
• 9:39
  Speaker 2: we had an idea that we were struggling, but not
• 9:42
  Speaker 2: to the point where we were. She did a really
• 9:45
  Speaker 2: good job at looking after us and hiding it from us.
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  Speaker 3: Totally but 33 acres you've got to have your horses
• 9:53
  Speaker 3: at home tell me more.
• 9:54
  Speaker 2: Yeah no we got to have them at home got
• 9:57
  Speaker 2: to compete got to work on the farm do everything
• 9:59
  Speaker 2: I needed to do, work with neighbours. And then as
• 10:04
  Speaker 2: I got older, I was starting to clue in more
• 10:06
  Speaker 2: and more that mum was working these three jobs. She
• 10:09
  Speaker 2: was working, you know, very hard, very tirelessly. And even
• 10:14
  Speaker 2: though we were doing things that we wanted, so we
• 10:15
  Speaker 2: were going on our school excursions and such, We weren't
• 10:18
  Speaker 2: necessarily buying the newest things, understandably. We weren't in any subscriptions.
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  Speaker 2: So in my head, things like Foxtel and Netflix and
• 10:28
  Speaker 2: they were rich people level. And that was a sign
• 10:31
  Speaker 2: of wealth.
• 10:32
  Speaker 3: Oh, me too. Like growing up, if someone had Foxtel, like,
• 10:36
  Speaker 3: and I think it's this pivot because you're 26, just
• 10:38
  Speaker 3: to give the audience a little bit more context. You're 26,
• 10:43
  Speaker 3: I'm 35. So there's like nearly 10 years between us.
• 10:47
  Speaker 3: but I feel like this group of like, I guess
• 10:51
  Speaker 3: we call ourselves either like the elder millennials or the
• 10:54
  Speaker 3: first gen Zs. We grew up with like the transition
• 10:58
  Speaker 3: of technology. So like the more expensive technology was like
• 11:02
  Speaker 3: so fancy. Like you remember the kids that had like
• 11:06
  Speaker 3: the first iPhones and stuff, you were like, Oh my God,
• 11:08
  Speaker 3: like they're rich, rich, like absolutely not. Whereas now every
• 11:13
  Speaker 3: kid seems to have an iPhone. I know it's an
• 11:15
  Speaker 3: ongoing financial struggle for a lot of families, but like,
• 11:17
  Speaker 3: it seems normal for a kid to have an iPhone. Whereas, sorry,
• 11:22
  Speaker 3: that was not, that was not.
• 11:24
  Speaker 2: No, that's just insane to me. Like I was so
• 11:26
  Speaker 2: happy when I got my first flip phone. Oh yeah.
• 11:29
  Speaker 3: And it probably was like secondhand or like, or a
• 11:32
  Speaker 3: hand-me-down or something. Like my first phone I got was
• 11:35
  Speaker 3: a Nokia 3310, which is definitely before your time. And
• 11:40
  Speaker 3: the coolest thing about it was it had snake.
• 11:42
  Speaker 2: Yeah.
• 11:44
  Speaker 3: It didn't have a camera or anything. Absolutely not. I
• 11:46
  Speaker 3: had snake and it had, get this, my first year
• 11:50
  Speaker 3: of having a mobile phone, mum and dad were like,
• 11:53
  Speaker 3: we're giving you this in grade seven because you are
• 11:55
  Speaker 3: catching the bus to school. There is absolutely no reason
• 11:58
  Speaker 3: for you to be using this outside of safety. You're
• 12:01
  Speaker 3: going to need to make $ 50 credit last the entire year.
• 12:05
  Speaker 2: Yeah, right.
• 12:06
  Speaker 3: And I did.
• 12:06
  Speaker 2: Yeah. Well done.
• 12:08
  Speaker 3: Because that's all mum and dad are like, absolutely not.
• 12:11
  Speaker 3: Like this is a safety device.
• 12:13
  Speaker 2: Yeah, this is not for fun. No.
• 12:15
  Speaker 3: And then I discovered one, sent texts to my friends
• 12:19
  Speaker 3: and then it was really downhill from there. Anyway, tell me,
• 12:22
  Speaker 3: your friends had Foxtel.
• 12:24
  Speaker 2: Yes. So they had Foxtel. And so it was that
• 12:28
  Speaker 2: level where I'm like, okay, we are struggling and I
• 12:32
  Speaker 2: just built up more of an awareness. And so- You know,
• 12:35
  Speaker 2: you had the girls that wore the fancy pants to
• 12:37
  Speaker 2: school that weren't necessarily school uniform or the shorts or whatnot.
• 12:41
  Speaker 2: I wasn't going out and asking for that sort of stuff.
• 12:44
  Speaker 2: I was very happy with the stuff that we got
• 12:46
  Speaker 2: from the secondhand store or the cheaper shoes or whatnot.
• 12:51
  Speaker 2: And I was saving all of like the money from gifts,
• 12:56
  Speaker 2: from family, friends, that sort of thing. I would save
• 13:00
  Speaker 2: it for a rainy day and I'd pop it in
• 13:02
  Speaker 2: my books and and I'd just leave it on my
• 13:04
  Speaker 2: bookshelf so I knew it was there. And whether it was, yeah,
• 13:09
  Speaker 2: for my future, I at one stage thought for a
• 13:13
  Speaker 2: deposit for a house. So whether it was for the
• 13:16
  Speaker 2: deposit for the house or whether it was for something
• 13:17
  Speaker 2: that went wrong and mum needed that money because I
• 13:21
  Speaker 2: got sick or my brother got sick or she did,
• 13:23
  Speaker 2: it was there and it was safe. Love.
• 13:26
  Speaker 1: Yeah.
• 13:27
  Speaker 2: And then one of our neighbours, she gave– mum a
• 13:32
  Speaker 2: copy to give to me of Robert Kiyosaki's Rich Dad,
• 13:36
  Speaker 2: Poor Dad. Oh, yeah.
• 13:38
  Speaker 3: I've read that. I've got a lot to say about
• 13:40
  Speaker 3: that whole space, but I really like the ethos of
• 13:44
  Speaker 3: that book. Yes. I think you can see it above
• 13:46
  Speaker 3: me as we're recording.
• 13:48
  Speaker 2: Yeah, no. Well, I chewed through that and had the
• 13:52
  Speaker 2: same thing. I had a couple of notes, especially coming
• 13:55
  Speaker 2: from a single poor mum Some of the messages he
• 13:59
  Speaker 2: sort of shared, I didn't quite agree with, but a
• 14:02
  Speaker 2: lot of the other ones I really liked and loved
• 14:05
  Speaker 2: how they were so a different viewpoint to my viewpoint
• 14:09
  Speaker 2: in regards of money and such. And so after that,
• 14:12
  Speaker 2: I just consumed any and all financial knowledge I could.
• 14:17
  Speaker 2: Like I went through the Barefoot Investor, multiple podcasts. That's
• 14:21
  Speaker 2: how I discovered She's On The Money. I absolutely binged
• 14:24
  Speaker 2: the show from start to finish. in I think a
• 14:27
  Speaker 2: year and a half.
• 14:28
  Speaker 3: Oh my goodness. That's on steroids, but also thank you, friend.
• 14:33
  Speaker 2: Yeah, no, I loved it. And just anything and everything
• 14:36
  Speaker 2: I could. And yeah, from there, I just started changing
• 14:39
  Speaker 2: my mindset and my money story and just setting up
• 14:42
  Speaker 2: what I could.
• 14:43
  Speaker 3: My queen, I love this for you. So tell me
• 14:46
  Speaker 3: a little bit more about adult you. What do you
• 14:48
  Speaker 3: do for work and how much money do you earn?
• 14:51
  Speaker 2: So I am a paramedic with a state-based service.
• 14:55
  Speaker 3: That is very cool.
• 14:57
  Speaker 2: Yeah.
• 14:57
  Speaker 3: Also, you give caring vibes, so I'm glad that you're
• 15:00
  Speaker 3: a paramedic. The story's checking out, guys.
• 15:04
  Speaker 2: Yeah, no, I do. I love it. So it's an
• 15:06
  Speaker 2: adventure and something different every day, but I wouldn't change it.
• 15:09
  Speaker 3: Oh, it would be. And how much does a paramedic make?
• 15:12
  Speaker 2: I'm still fairly fresh in the game, but base pay
• 15:16
  Speaker 2: before tax is just over 90K plus super, I believe. Yeah.
• 15:23
  Speaker 2: And then... of course we get all our penalties and
• 15:27
  Speaker 2: if you pick up overtime shifts and such. So for example,
• 15:30
  Speaker 2: last year I made just under 130K. Yeah. Wow. Okay.
• 15:34
  Speaker 3: And that's like with all of the like loading. So
• 15:38
  Speaker 3: I'm interested to know how much loading was that? Like,
• 15:41
  Speaker 3: was it a big hustle to make that extra loading
• 15:44
  Speaker 3: or was it like a, Oh, I actually didn't notice it.
• 15:47
  Speaker 3: Cause I feel like in your industry, you don't get
• 15:50
  Speaker 3: paid enough. I'm sorry. Like you should be earning way
• 15:52
  Speaker 3: more than that. Like, you're on the front line. Like
• 15:56
  Speaker 3: you get exposed to so much. And I don't even
• 15:59
  Speaker 3: mean like, you know, the mental health side of things,
• 16:02
  Speaker 3: but your job puts you at risk, right?
• 16:05
  Speaker 2: Of injury.
• 16:07
  Speaker 3: And like, you don't know what you're turning up to
• 16:08
  Speaker 3: each time. Like it's members of the general public. Like,
• 16:11
  Speaker 3: what do you mean you, and $ 90, 000 is a lot
• 16:14
  Speaker 3: of money. I do want to say that upfront, but
• 16:16
  Speaker 3: what do you mean you only get $ 90, 000? To me,
• 16:19
  Speaker 3: that's wild. Like you deserve double to take on that risk.
• 16:23
  Speaker 2: Thank you. Yeah, it is. I won't lie. It is
• 16:25
  Speaker 2: a little bit of contention among the service. And we
• 16:29
  Speaker 2: are told frequently by members of the public that we
• 16:32
  Speaker 2: are worth more. We are worth our weight in gold.
• 16:34
  Speaker 3: I'm glad that other people are reiterating this and that
• 16:37
  Speaker 3: you know that deeply. I have family members who are paramedics,
• 16:40
  Speaker 3: so I know a bit about this space and just
• 16:44
  Speaker 3: the mental load that you carry to me is heartbreaking
• 16:48
  Speaker 3: because the type of person that becomes a paramedic They
• 16:51
  Speaker 3: are the type of person that you want to be
• 16:53
  Speaker 3: a paramedic, right? They are caring. They've got their finger
• 16:56
  Speaker 3: on the pulse, literally and metaphorically. They are the type
• 17:00
  Speaker 3: of person that you know you can trust in an
• 17:02
  Speaker 3: emergency situation, yet they're the ones that burn out first
• 17:07
  Speaker 3: and then can't do their jobs. And that's just, to me,
• 17:09
  Speaker 3: wildly unfair.
• 17:10
  Speaker 2: Yeah, no, we do do our best, but I won't lie.
• 17:13
  Speaker 2: So among our service, let's just say the retention rate
• 17:17
  Speaker 2: is two and a half years. Yep.
• 17:19
  Speaker 3: And that makes sense.
• 17:20
  Speaker 2: Our university degree is three years. We spend longer at
• 17:23
  Speaker 2: university than we do in the service.
• 17:25
  Speaker 3: So tell me more about this overtime. Like, is it
• 17:28
  Speaker 3: reflective of doing, you know, an extra 10 hours a week?
• 17:32
  Speaker 3: Is it like, oh yeah, there's just like sometimes our
• 17:34
  Speaker 3: shifts go over by half an hour. I know it's
• 17:36
  Speaker 3: different everywhere, but what did that look like for you
• 17:38
  Speaker 3: to earn, you know, nearly $ 40, 000 more last year? So
• 17:41
  Speaker 3: that was primarily missing.
• 17:47
  Speaker 2: So what we call our lunch breaks, because we do
• 17:49
  Speaker 2: the 12 hour shifts, we're meant to get two half
• 17:51
  Speaker 2: hour breaks, which we call cribs. That was primarily through
• 17:55
  Speaker 2: missing cribs and then the shift having an overrun as
• 17:59
  Speaker 2: well as your Saturday, Sunday penalties.
• 18:00
  Speaker 3: What do you mean 12 hours and you get only
• 18:02
  Speaker 3: an hour off?
• 18:04
  Speaker 2: We're lucky if we get the hour off.
• 18:05
  Speaker 3: Yeah, I know you've clearly been paid because you're not
• 18:07
  Speaker 3: getting an hour off, but like sorry like yeah what
• 18:12
  Speaker 3: do you mean the.
• 18:14
  Speaker 2: Health care system in general is a bit overrun a
• 18:17
  Speaker 2: little bit outdated but like it is what it is
• 18:20
  Speaker 2: unfortunately I.
• 18:21
  Speaker 3: Don't think it's fair for you to have to turn
• 18:24
  Speaker 3: up to a job and I just know that you
• 18:27
  Speaker 3: would be getting jobs it's a 12-hour shift at 11
• 18:31
  Speaker 3: hours and 55 minutes that then spill over for the
• 18:34
  Speaker 3: next six hours because you have to stay with that patient, right? Yeah, yeah.
• 18:38
  Speaker 2: We had the day shift do that the other night, unfortunately. Oh,
• 18:41
  Speaker 2: my goodness.
• 18:42
  Speaker 3: And, like, my heart because I know if I asked
• 18:44
  Speaker 3: you in that moment, hey, girlfriend, I've got another paramedic
• 18:47
  Speaker 3: to tap out with you, you'd be like, no, I
• 18:49
  Speaker 3: want to see this patient through. I'm the one that, like,
• 18:51
  Speaker 3: you know, looked after them. I'm going to hold their
• 18:53
  Speaker 3: hand all the way through. Like, oh, my goodness.
• 18:56
  Speaker 2: Yeah. Yeah.
• 18:57
  Speaker 3: I'm just proud of you. I'm just so proud that
• 18:59
  Speaker 3: we are looked after by people like you and by you.
• 19:03
  Speaker 3: Like I just, I feel so lucky, but also I'm
• 19:06
  Speaker 3: always in awe because like that type of work ethic
• 19:09
  Speaker 3: isn't that common anymore. So it just, I hope you're
• 19:13
  Speaker 3: also proud of yourself.
• 19:14
  Speaker 2: Thank you. Yeah, no, definitely. There are like, don't get
• 19:18
  Speaker 2: me wrong. There's definitely hard days, but there's the days
• 19:21
  Speaker 2: where you get the patients who have all their family
• 19:24
  Speaker 2: members who have very similar outlooks as you, and you
• 19:28
  Speaker 2: can just see in their face, the gratefulness and the
• 19:31
  Speaker 2: relief that someone is there to hold them and it
• 19:34
  Speaker 2: makes it worth it.
• 19:35
  Speaker 3: I love that.
• 19:36
  Speaker 2: All right.
• 19:36
  Speaker 3: Tell me, because in your story in, you said, Victoria,
• 19:41
  Speaker 3: I've actually got a brand new sparkly mortgage, which I'm,
• 19:45
  Speaker 3: you know, you said I'm in a very privileged position. Yeah,
• 19:48
  Speaker 3: of course. But like you were really hard to put
• 19:51
  Speaker 3: yourself in that position. You now share a mortgage with
• 19:55
  Speaker 3: your mom and your brother, which is really exciting. We'll
• 19:57
  Speaker 3: learn a little bit more about that later. You already
• 19:58
  Speaker 3: have a solid investment portfolio. Sorry. What money goals are
• 20:02
  Speaker 3: you working towards at the moment? Because it sounds like
• 20:04
  Speaker 3: you're just ticking them off already.
• 20:06
  Speaker 2: Yeah, so I think the house was probably the biggest
• 20:09
  Speaker 2: money goal. We've done that one now. In conjunction with that,
• 20:14
  Speaker 2: we are hoping to pay it off in the next
• 20:15
  Speaker 2: seven to 10 years.
• 20:17
  Speaker 3: Elite, love.
• 20:18
  Speaker 2: Yeah, because mum's sort of reaching the retirement age and
• 20:22
  Speaker 2: she's done so much to help us get into the
• 20:24
  Speaker 2: property market. I don't want her to retire with a
• 20:27
  Speaker 2: massive debt.
• 20:27
  Speaker 3: Okay, you tell me more about this pretty please. How
• 20:30
  Speaker 3: did you set the goal of buying a property with
• 20:34
  Speaker 3: your mum and your brother? Like, where did this conversation start?
• 20:37
  Speaker 2: Well, we always knew that we wanted property. I always
• 20:41
  Speaker 2: knew that I needed land for the horses because I
• 20:43
  Speaker 2: want them with me. And there's no way that I
• 20:47
  Speaker 2: would be able to afford it by myself. And similar
• 20:50
  Speaker 2: for my brother, there's no way that he would be
• 20:52
  Speaker 2: able to afford a property by himself. So mum being
• 20:56
  Speaker 2: the wonderful superstar mother that she is, the wonderful Wonder Woman, said,
• 21:01
  Speaker 2: I will help you. If all three of us do
• 21:02
  Speaker 2: it together, we'll pay it off quicker and we can
• 21:05
  Speaker 2: purchase my brother's as well.
• 21:07
  Speaker 3: Stop it. So what's the living situation there? She's helping
• 21:11
  Speaker 3: you out buy a house or you all live together
• 21:14
  Speaker 3: or tell me.
• 21:15
  Speaker 2: So mum and I live together. My brother actually lives
• 21:19
  Speaker 2: in a different state. He's in the Air Force. Okay.
• 21:22
  Speaker 3: So all of her kids are overachievers. I like it.
• 21:25
  Speaker 2: Yes.
• 21:26
  Speaker 3: And so you and your mum have just moved into
• 21:28
  Speaker 3: this house. Tell me about it.
• 21:30
  Speaker 2: It's just over 25 acres. Stop it. Yeah, and the
• 21:36
  Speaker 2: house is a relatively new build, unfortunately. Fortunate for the
• 21:40
  Speaker 2: previous couple it was a divorce. Very fortunate for us
• 21:44
  Speaker 2: that it was basically it was a new build and
• 21:48
  Speaker 2: it was the build that broke their marriage.
• 21:50
  Speaker 3: That's really sad but also thanks for putting all the
• 21:53
  Speaker 3: emotional effort into that so that I don't have to.
• 21:57
  Speaker 3: I mean, you know what? If something's going to break
• 21:59
  Speaker 3: a marriage, I'm kind of glad it was a house,
• 22:02
  Speaker 3: not another person, you know?
• 22:03
  Speaker 2: That was a bit of both.
• 22:04
  Speaker 3: Oh, great. All right. Maybe we can have a little
• 22:09
  Speaker 3: bit of a gossip session after, but it looks beautiful.
• 22:12
  Speaker 3: I'm so excited. That means that your horses are still
• 22:15
  Speaker 3: with you.
• 22:15
  Speaker 2: Yes.
• 22:16
  Speaker 3: Okay, Queen. I love this. All right. We have to
• 22:19
  Speaker 3: go to a really quick break, but on the flip side,
• 22:21
  Speaker 3: I want to know more about this, quote, solid investment portfolio.
• 22:26
  Speaker 3: I want to know about the debt on the property,
• 22:28
  Speaker 3: how you split that, what that looks like, your personal
• 22:30
  Speaker 3: insurance and your best and worst money habits. So guys,
• 22:32
  Speaker 3: don't go anywhere.
• 22:33
  Speaker 2: Hey!
• 22:37
  Speaker 3: All right, Money Diarist, we are back and I'm just
• 22:41
  Speaker 3: so excited to be interviewing you. It sounds like you're
• 22:45
  Speaker 3: a copy paste of your mom. You said, oh, mom's
• 22:48
  Speaker 3: a powerhouse. She's this, she's that. I can just see
• 22:50
  Speaker 3: that in you. Yes, you're only 26, but I just
• 22:53
  Speaker 3: can tell that this is exactly the type of person
• 22:56
  Speaker 3: you're going to grow into. Tell me, how did you
• 22:59
  Speaker 3: have an investment portfolio at the age of 26 and
• 23:03
  Speaker 3: what does a solid investment portfolio mean to you?
• 23:08
  Speaker 2: I started listening to She's On The Money and thought,
• 23:10
  Speaker 2: I don't want to work till I'm 80 years old.
• 23:13
  Speaker 3: Me either, queen.
• 23:15
  Speaker 2: Investing seems like a pretty good way to sort of
• 23:17
  Speaker 2: try and set myself up. So I consumed sort of
• 23:21
  Speaker 2: all knowledge that I could, did as much research as
• 23:24
  Speaker 2: I could on the different platforms and such. And then
• 23:29
  Speaker 2: when I'm never going to feel ready, so I may
• 23:31
  Speaker 2: as well just throw my lot in and try. And
• 23:33
  Speaker 2: do you know what?
• 23:34
  Speaker 3: I think you did the right thing there because like
• 23:36
  Speaker 3: there seems to be this idea that one day you're
• 23:39
  Speaker 3: going to feel ready and one day you'll feel well
• 23:41
  Speaker 3: equipped and you'll set up your investment portfolio perfectly. Now,
• 23:46
  Speaker 3: even when I set up my first investment portfolio, get this,
• 23:49
  Speaker 3: I set up my first investment portfolio after I had
• 23:52
  Speaker 3: set up. a plethora of other people's very large investment
• 23:56
  Speaker 3: portfolios because I wasn't investing yet. I was an advisor
• 24:01
  Speaker 3: and I still didn't feel ready. I still was like,
• 24:03
  Speaker 3: oh my goodness, what if I pick the wrong ETF
• 24:06
  Speaker 3: to begin with? What if I do this? What if
• 24:07
  Speaker 3: I do that? And then I made it so overly complicated.
• 24:11
  Speaker 2: Isn't it funny how that happens?
• 24:13
  Speaker 3: I should have just been doing five bucks. Do you
• 24:15
  Speaker 3: know what I mean? I should have just been doing
• 24:17
  Speaker 3: what I now tell you guys to do. So I
• 24:20
  Speaker 3: feel like that's proven the pudding that you're never really ready.
• 24:23
  Speaker 2: Yeah, right. But it can be so different for other people.
• 24:26
  Speaker 2: So when my younger brother heard that I was investing,
• 24:28
  Speaker 2: he goes, oh yeah, that seems like a good idea.
• 24:31
  Speaker 2: Just started.
• 24:32
  Speaker 3: Isn't that so annoying? Didn't research, didn't investigate.
• 24:34
  Speaker 2: Just went, oh yeah, I'll give it a go. Just
• 24:36
  Speaker 2: threw in the money.
• 24:38
  Speaker 3: It's so annoying in the nicest way. You're like, but
• 24:41
  Speaker 3: this took me a year and a half of listening
• 24:43
  Speaker 3: to every single episode of She's on the Money and
• 24:46
  Speaker 3: even then I was still anxious and what you just
• 24:48
  Speaker 3: chucked 50 bucks I didn't even start with 50 bucks
• 24:51
  Speaker 3: I started with five because I was scared yeah no
• 24:53
  Speaker 3: that's it brothers though I feel like that's such a
• 24:56
  Speaker 3: boy thing.
• 24:57
  Speaker 2: To do oh isn't it just typical.
• 24:59
  Speaker 3: And also isn't that so nice that he trusted what
• 25:02
  Speaker 3: you were doing he's like well she's clearly doing the
• 25:05
  Speaker 3: right thing I'm just going to replicate what she's doing
• 25:07
  Speaker 3: so What platform did you pick? How did you make
• 25:10
  Speaker 3: that decision?
• 25:11
  Speaker 2: So I ended up going with Stake. It was just
• 25:15
  Speaker 2: before Sharesies sort of bloomed. I looked at a few
• 25:17
  Speaker 2: of the other platforms such as Superhero. I think that
• 25:21
  Speaker 2: was CMC Invest or something or other. Yeah, yeah, yeah.
• 25:23
  Speaker 2: There were a few of them and I just, I
• 25:26
  Speaker 2: don't know, Stake just seemed quite user-friendly for me. It
• 25:29
  Speaker 2: seemed quite like I read through the platform. I could
• 25:34
  Speaker 2: understand this layout and such and it just, For me,
• 25:37
  Speaker 2: it was easy to digest and I went, okay, love,
• 25:39
  Speaker 2: I guess.
• 25:39
  Speaker 3: And once you were in the doors of an investing
• 25:41
  Speaker 3: platform that worked for you, what was your first investment?
• 25:45
  Speaker 3: What did you pick?
• 25:46
  Speaker 2: I went with the banks. I think I went with
• 25:49
  Speaker 2: Westpac to start with because mum's very hesitant in investing,
• 25:55
  Speaker 2: especially when I first started and she didn't know a
• 25:57
  Speaker 2: lot about it. She had the mindset of investing is
• 26:00
  Speaker 2: like gambling.
• 26:00
  Speaker 3: Of course, because like if you don't know, you don't know.
• 26:03
  Speaker 3: And also, sorry, you just told me so much about
• 26:06
  Speaker 3: your mum being a financial powerhouse. She's done all of
• 26:09
  Speaker 3: this without investing.
• 26:11
  Speaker 2: So, well, the reason I picked Westpac is because when
• 26:14
  Speaker 2: she was younger, she worked for Westpac and they offered
• 26:18
  Speaker 2: her shares while she was working. So she's got Westpac shares.
• 26:22
  Speaker 2: And so I went, well, you don't quite trust investing,
• 26:26
  Speaker 2: but if you've got them and we know banks are
• 26:28
  Speaker 2: relatively stable blue chip shares, why not?
• 26:32
  Speaker 3: You go. And then how's it grown?
• 26:34
  Speaker 4: What other things have you picked up along the way?
• 26:36
  Speaker 2: So I picked up a few other banks when I
• 26:39
  Speaker 2: was first starting out thinking that that was diversifying because
• 26:42
  Speaker 2: they were different banks. They weren't the same one. realized
• 26:45
  Speaker 2: that wasn't quite how diversification worked.
• 26:48
  Speaker 3: No, but also you've diversified in one sector. I like
• 26:51
  Speaker 3: this for you. Still diversification if we want to be technical.
• 26:56
  Speaker 2: But I learned that proper diversification was across different sectors.
• 27:01
  Speaker 2: And so I went into ETFs. Love.
• 27:03
  Speaker 3: And what was your first ETF?
• 27:05
  Speaker 1: VAS.
• 27:06
  Speaker 3: Love. I think that's the most popular one in our community.
• 27:10
  Speaker 3: And for good reason. She's tried. She's true. The community
• 27:14
  Speaker 3: likes their ethos. Like a Vanguard ETF seems to be
• 27:18
  Speaker 3: a very popular choice. Honestly, I invest in a lot
• 27:21
  Speaker 3: of Vanguard ETFs. I'm not recommending any of them, but like,
• 27:24
  Speaker 3: I get it, Queen. I get it. And what does
• 27:26
  Speaker 3: your portfolio look like today?
• 27:28
  Speaker 2: So at the moment, there's just under $ 40, 000. Sorry, you're 26.
• 27:33
  Speaker 1: $ 40, 000.
• 27:33
  Speaker 3: You're You're 26 and you also just bought your first
• 27:41
  Speaker 3: home and you didn't have to sell all of your
• 27:43
  Speaker 3: shares to do that?
• 27:44
  Speaker 2: No.
• 27:45
  Speaker 3: I'm not going to lie. I fully expected you to
• 27:47
  Speaker 3: be like, yep, I had X and then I sold
• 27:49
  Speaker 3: it so that I could purchase my first home. What?
• 27:52
  Speaker 3: You're a financial weapon.
• 27:54
  Speaker 2: I refused to touch my shares. They were there if
• 27:57
  Speaker 2: worse came to worse, but I thought, nope, they are
• 28:00
  Speaker 2: for my future, so... they don't exist.
• 28:03
  Speaker 3: I'm so proud of you. Oh, I love this so much. Okay. Okay.
• 28:08
  Speaker 3: So tell me 40,000 and what's the plan? How much
• 28:11
  Speaker 3: do you contribute on a regular basis?
• 28:13
  Speaker 2: So I try and contribute 400 every fortnight.
• 28:17
  Speaker 3: Okay.
• 28:19
  Speaker 2: If I've got a little bit extra because I'm starting
• 28:22
  Speaker 2: to pick up overtime shifts this year to try and
• 28:24
  Speaker 2: contribute more to the mortgage, I'll also penny pick a
• 28:27
  Speaker 2: little bit out of that extra and put it towards
• 28:31
  Speaker 2: the shares.
• 28:32
  Speaker 3: Okay. So $ 400 a fortnight. And you've been doing this
• 28:38
  Speaker 3: for how long?
• 28:39
  Speaker 2: I think I've been solidly investing for just over a
• 28:44
  Speaker 2: year now.
• 28:45
  Speaker 3: Okay, queen. You're going to be like so rich. This
• 28:48
  Speaker 3: is incredible. So if I just do some quick calcs,
• 28:51
  Speaker 3: because as you know, I love a compound interest conversation.
• 28:55
  Speaker 3: You've got $ 40, 000 invested. You are 26. You have at
• 28:59
  Speaker 3: least 40 years left in the workplace. I'm really sorry.
• 29:03
  Speaker 3: You'll probably work to 66, 67, right? That's all right.
• 29:07
  Speaker 2: I love my job.
• 29:08
  Speaker 3: But you're probably going to be able to retire earlier
• 29:10
  Speaker 3: because we know that you have salary bans and you
• 29:14
  Speaker 3: will increase those salary bans as time goes on. But
• 29:17
  Speaker 3: we don't even want to talk about that. But your
• 29:18
  Speaker 3: investing portfolio, you probably already know this, but for those
• 29:21
  Speaker 3: of you playing along, if you had $ 40, 000 today and
• 29:24
  Speaker 3: you invested $ 400 a fortnight. Over the next 40 years,
• 29:31
  Speaker 3: you'll contribute about $ 416, 000 to your investment, like just in
• 29:35
  Speaker 3: cash that you've earned, but it will make you $ 2. 9 million.
• 29:41
  Speaker 3: So your investment portfolio's trajectory, if we base it on
• 29:46
  Speaker 3: an interest rate return of 7.5%, which is pretty conservative,
• 29:51
  Speaker 3: it's not reflective of any ETF or any product, it's
• 29:53
  Speaker 3: just like a pretty conservative estimate. I can almost guarantee
• 29:57
  Speaker 3: that your ETFs have performed higher than that, haven't they?
• 30:00
  Speaker 2: Yeah. Yeah. I think I'm averaging about 11. Yeah. Yeah.
• 30:04
  Speaker 3: But we're not going to talk about that. We're just
• 30:06
  Speaker 3: going to be really conservative and pick seven and a
• 30:09
  Speaker 3: half because like I would prefer to under promise and
• 30:11
  Speaker 3: over deliver. You will at some point owe me a
• 30:14
  Speaker 3: coffee when we retired together.
• 30:16
  Speaker 2: Oh, definitely.
• 30:16
  Speaker 3: But your total investment portfolio, if you didn't change a thing,
• 30:21
  Speaker 3: is going to be worth $ 3. 41 million by the time
• 30:24
  Speaker 3: you retire.
• 30:25
  Speaker 2: I had not gone that far in the maths.
• 30:27
  Speaker 3: And girlfriend, we haven't even talked about your property and
• 30:31
  Speaker 3: you're probably going to have a property portfolio. We haven't
• 30:34
  Speaker 3: even talked about your superannuation or anything else.
• 30:38
  Speaker 2: Oh, well.
• 30:39
  Speaker 3: Girl, what? Go tell your mum that.
• 30:41
  Speaker 2: That's actually very nice to hear.
• 30:43
  Speaker 3: Like, girl, you're going to be financially fine. Isn't that
• 30:47
  Speaker 3: so cool though?
• 30:48
  Speaker 2: Oh, it is. It definitely is.
• 30:51
  Speaker 3: And do you know what?
• 30:51
  Speaker 2: Just thinking hard work pays off.
• 30:52
  Speaker 3: Yeah, but like you did it. You did it. And
• 30:55
  Speaker 3: do you know what? I was finding really interesting recently
• 30:58
  Speaker 3: and I feel like you've got, I can tell, a
• 31:00
  Speaker 3: similar work ethic to me. Like I will do more
• 31:03
  Speaker 3: because I want more. Like I'm hearing this, like I
• 31:06
  Speaker 3: will pick up some more shifts and I'll, you know,
• 31:08
  Speaker 3: do it. Like I have been told for the longest time,
• 31:12
  Speaker 3: stop working so hard. Like, oh my goodness, like you're
• 31:15
  Speaker 3: taking on too much work. Like, oh, aren't you burnt out?
• 31:18
  Speaker 2: Aren't you this?
• 31:18
  Speaker 3: Aren't you that? And I'm so grateful to be cared for, right?
• 31:21
  Speaker 3: Those conversations are so kind. But now that I'm starting
• 31:24
  Speaker 3: to You know, my husband and I last year bought
• 31:28
  Speaker 3: a bigger house. So I feel like that's a pretty
• 31:30
  Speaker 3: clear indicator that, you know, we're earning a bit more money.
• 31:33
  Speaker 3: So it's becoming for our friends and our family and
• 31:36
  Speaker 3: people that are close to us a little bit more obvious, right?
• 31:39
  Speaker 3: Like that we might have a little bit more money
• 31:41
  Speaker 3: than we did historically. The conversation is going from, you
• 31:45
  Speaker 3: work so hard, stop that, to you're so.
• 31:47
  Speaker 1: Lucky, right?
• 31:48
  Speaker 2: Yeah, it's funny how that happens.
• 31:50
  Speaker 3: Do you think that maybe it was because I worked hard,
• 31:53
  Speaker 3: not because it was luck?
• 31:55
  Speaker 2: Yeah, do you think maybe that when I sort of
• 31:56
  Speaker 2: ignored your advice and said, no, I'm going to keep
• 32:00
  Speaker 2: working and keep doing.
• 32:01
  Speaker 3: What I'm doing. Yeah, isn't it interesting that it goes
• 32:03
  Speaker 3: from you work too hard, you're really like doing too
• 32:07
  Speaker 3: much to you're so lucky. My friend, it was built
• 32:11
  Speaker 3: on the work. that you said I was doing too
• 32:14
  Speaker 3: much of. This isn't luck. You literally watched us build it.
• 32:19
  Speaker 2: Yeah, all those extra hours, the blood, sweat and tears,
• 32:23
  Speaker 2: they pay off.
• 32:24
  Speaker 3: I'm so proud of you. I am so proud. So,
• 32:27
  Speaker 3: Money Diaries, tell me, what about your superannuation?
• 32:30
  Speaker 2: So, I currently have $ 46, 000 in my super and I
• 32:34
  Speaker 2: salary sacrifice $ 200 a fortnight into that too.
• 32:41
  Speaker 3: I'm going to cry because if you are salary sacrificing
• 32:45
  Speaker 3: $ 200 a fortnight and it's already at $ 40, 000- ish, sorry, that's
• 32:50
  Speaker 3: going to be at least, hold on, with your contribution
• 32:54
  Speaker 3: rate which would sit at about $ 10, 000 based on your
• 33:00
  Speaker 3: overtime or a bit more than $ 10, 000, girlfriend, you're going
• 33:04
  Speaker 3: to retire with like between superannuation and your investments outside
• 33:08
  Speaker 3: of super about a $ 10 million portfolio.
• 33:10
  Speaker 5: Right.
• 33:11
  Speaker 3: What? You're 26. Isn't that so cool?
• 33:16
  Speaker 2: Yeah, that I'm a little bit gobsmacked at the moment.
• 33:19
  Speaker 2: I'm not going to lie because I just didn't do
• 33:22
  Speaker 2: the math. I'll be honest.
• 33:24
  Speaker 3: So that's really cool.
• 33:25
  Speaker 2: Right.
• 33:25
  Speaker 3: And you're already investing and clearly prioritizing it. But like
• 33:28
  Speaker 3: one thing that I want people to do is go,
• 33:31
  Speaker 3: what are my contributions actually working towards? Because like you
• 33:35
  Speaker 3: clearly have the hat on of investing for my future
• 33:37
  Speaker 3: is important, but like at some point life's going to
• 33:41
  Speaker 3: get a little bit hard. Life's going to, you know,
• 33:43
  Speaker 3: be a bit rocky and you'll be like, Oh, should
• 33:45
  Speaker 3: I be putting that 400 bucks into my super or not?
• 33:48
  Speaker 3: Or should I, you know, really be investing outside of super?
• 33:51
  Speaker 3: I can't see the big picture. Like, this is why
• 33:53
  Speaker 3: we need to draw the big picture for ourselves because
• 33:56
  Speaker 3: what you're doing right now is a compromise. Like, and
• 33:59
  Speaker 3: I know it is in the nicest way possible. And
• 34:02
  Speaker 3: you are like way above so many of your peers,
• 34:05
  Speaker 3: because so many of your peers aren't able to put
• 34:08
  Speaker 3: aside the instant gratification. Like there are so many things
• 34:11
  Speaker 3: that I know you're missing out on in quotation marks
• 34:15
  Speaker 3: because you're investing. Cause if you had that cash, like
• 34:17
  Speaker 3: you could definitely spend it on heaps of stuff, like
• 34:21
  Speaker 3: on going out, you could spend it on clothes or
• 34:23
  Speaker 3: shoes or horses and they're really expensive.
• 34:27
  Speaker 2: Tell me about it.
• 34:29
  Speaker 3: I know, but You're not. So you need to know
• 34:32
  Speaker 3: what that bigger picture looks like so that one day
• 34:35
  Speaker 3: when the decisions that you're making are tested or the
• 34:38
  Speaker 3: decisions that you are working towards maybe feel like a
• 34:41
  Speaker 3: bit too much, you can zoom out and be like, no,
• 34:43
  Speaker 3: I might tweak it because like right now it's not feasible.
• 34:47
  Speaker 3: But I do understand why I'm still here and I
• 34:50
  Speaker 3: do see the bigger picture of what I'm working towards.
• 34:53
  Speaker 3: And we haven't even added in your property or what
• 34:55
  Speaker 3: that might look like or the power that you could
• 34:57
  Speaker 3: have there. Like this is crazy to me. Yeah, I
• 35:00
  Speaker 3: don't I also just really love doing maths.
• 35:03
  Speaker 2: I will be the first to admit I do not.
• 35:05
  Speaker 2: So my plan was to sort of, oh yeah, I
• 35:07
  Speaker 2: think these numbers work and they'll set me up nicely
• 35:09
  Speaker 2: for the future. But I had never done the maths
• 35:12
  Speaker 2: and followed through.
• 35:13
  Speaker 3: Just call me up. Just call me up. I'm so ready. Like,
• 35:17
  Speaker 3: and we haven't even paused. Like I've just been doing
• 35:20
  Speaker 3: them as we're talking. I'm like, oh, that plus that
• 35:22
  Speaker 3: equals that. And like, I do have my little like
• 35:24
  Speaker 3: compound interest calculator here as well, because I'm not going
• 35:27
  Speaker 3: to like just pull compound interest numbers out of my
• 35:30
  Speaker 3: head as easily. Like I can do the basic ones,
• 35:33
  Speaker 3: but I can't add it all up that quick. My God,
• 35:37
  Speaker 3: I am so excited for you.
• 35:39
  Speaker 2: Thank you. Now that I actually have the bigger picture
• 35:42
  Speaker 2: in my head, I am quite as well. I'm sitting
• 35:44
  Speaker 2: here feeling quite proud.
• 35:46
  Speaker 3: You go tell your mom, be like, by the way,
• 35:48
  Speaker 3: we are entering into our generational wealth era.
• 35:51
  Speaker 2: Yeah, we are setting up for the future and future generations,
• 35:55
  Speaker 2: which is a very nice thought. Love.
• 35:58
  Speaker 3: So tell me about this property. How long did it
• 36:01
  Speaker 3: take you guys to save? How did you make the decision?
• 36:04
  Speaker 3: When did you purchase? I want all of it.
• 36:07
  Speaker 2: So we have known... for quite a few years and
• 36:10
  Speaker 2: we've saved up for quite a few years because initially
• 36:13
  Speaker 2: we were first going to buy an investment property together.
• 36:17
  Speaker 2: But the way our service works is that you do
• 36:20
  Speaker 2: your probationary period at one station and then you're shifted
• 36:23
  Speaker 2: to another station. When I was shifted, I was moved
• 36:27
  Speaker 2: to a major city. I knew I did not want
• 36:29
  Speaker 2: to live there. I knew I would not survive. My
• 36:32
  Speaker 2: mental health would go down the toilet.
• 36:34
  Speaker 3: You're a country gal. Yes.
• 36:37
  Speaker 2: And so we... knew that we would then have to
• 36:41
  Speaker 2: buy a property and I would have to move. And
• 36:44
  Speaker 2: so we thought instead of saving for this investment property,
• 36:47
  Speaker 2: we'll instead continue saving until I can move to a
• 36:54
  Speaker 2: station I want to stay at and we will buy
• 36:58
  Speaker 2: our house close to that station with a bigger deposit.
• 37:02
  Speaker 2: So overall, I think we were saving up for the
• 37:05
  Speaker 2: deposit for Three years or four years.
• 37:11
  Speaker 3: Yeah, very cool. And so how did you split it
• 37:13
  Speaker 3: between yourself, your mum and your brother? Because you were
• 37:18
  Speaker 3: saying before, like your mum clearly had purchased property before.
• 37:21
  Speaker 3: So does she still maintain those properties and she's just
• 37:24
  Speaker 3: bought into a new one? Like what's the situation there
• 37:27
  Speaker 3: for her?
• 37:28
  Speaker 2: Yeah, so she still owns our childhood property that we
• 37:33
  Speaker 2: grew up in. And the plan is once we finish
• 37:36
  Speaker 2: paying off this, she will sell that and use the
• 37:41
  Speaker 2: income from that to buy my brother's house. Wow.
• 37:44
  Speaker 3: Okay.
• 37:45
  Speaker 2: Love.
• 37:45
  Speaker 3: And then you just saved aggressively. How did you split
• 37:49
  Speaker 3: the deposit? Was it 50-50? Were you less? Were you more?
• 37:53
  Speaker 2: So mum put in the greatest share of the deposit.
• 37:58
  Speaker 2: I think she put in almost double my brother and I,
• 38:01
  Speaker 2: but then my brother and I were equally in our deposit. Yeah.
• 38:04
  Speaker 1: Okay.
• 38:04
  Speaker 3: And what the plan is that you own it based
• 38:08
  Speaker 3: on the percentage or do you guys own it 50-50?
• 38:10
  Speaker 3: Like what does the split look like?
• 38:12
  Speaker 2: We just all own a third of it. So mum,
• 38:15
  Speaker 2: I'll admit my brother gets a little bit of the
• 38:18
  Speaker 2: better end of the deal in this regard because he's
• 38:21
  Speaker 2: living away from us and he's paying his own rent
• 38:24
  Speaker 2: and stuff. We understand that. And so he just sort
• 38:26
  Speaker 2: of puts in the minimum repayments that he has to
• 38:29
  Speaker 2: put in. Mum and I put in extra.
• 38:32
  Speaker 1: Okay.
• 38:32
  Speaker 2: All right.
• 38:33
  Speaker 3: And, but this is something that you guys are really
• 38:35
  Speaker 3: comfortable with because you're like, this is just our situation
• 38:38
  Speaker 3: and you know, what comes and goes, is that kind
• 38:41
  Speaker 3: of it? Like at some point it might change.
• 38:43
  Speaker 2: Yeah. Or it's, we're happy with how it is at
• 38:45
  Speaker 2: the moment because for him, this isn't where he's going
• 38:49
  Speaker 2: to live. This is always sort of like an investment
• 38:52
  Speaker 2: property for him. As long as he was making up
• 38:55
  Speaker 2: the difference that mum and I couldn't necessarily cover. Yeah.
• 38:59
  Speaker 2: That's what mattered to us. So mum and I will
• 39:02
  Speaker 2: put in the extra and then we've also got the
• 39:04
  Speaker 2: rental income from mum's property to cover extra that she's
• 39:09
  Speaker 2: putting in as well.
• 39:11
  Speaker 1: Okay.
• 39:11
  Speaker 3: That's really cool. And I think that whilst you're saying, oh,
• 39:14
  Speaker 3: it doesn't feel equitable, you're also getting primary use of
• 39:17
  Speaker 3: the property. Like he doesn't get use of the property.
• 39:20
  Speaker 3: So it kind of makes sense to me in that
• 39:22
  Speaker 3: aspect that you guys might pay a little bit more.
• 39:24
  Speaker 3: And I've seen it split that way before. So I'm
• 39:27
  Speaker 3: not too worried or concerned about that.
• 39:30
  Speaker 2: No, it always worked out. We always knew it was
• 39:32
  Speaker 2: going to be my property because it's set up for
• 39:34
  Speaker 2: the horses and everything as well. So it came with stables.
• 39:36
  Speaker 3: He's like, I don't want that responsibility. It came with stables.
• 39:39
  Speaker 2: It came with stables. It came with a riding arena.
• 39:43
  Speaker 2: So we always knew it was going to be mine.
• 39:45
  Speaker 2: I always knew I'd have to put in the extra anyway.
• 39:47
  Speaker 2: And to me, that was a fair trade. Like I
• 39:50
  Speaker 2: keep this property, you take what you want, but this
• 39:52
  Speaker 2: is mine.
• 39:54
  Speaker 3: Sell me the property. Tell me what is it? Like,
• 39:57
  Speaker 3: obviously don't tell me the location, but like, what is it?
• 40:00
  Speaker 3: How big is the house? What are the features?
• 40:03
  Speaker 2: So it is a six bedroom house. Yeah. Three bathrooms.
• 40:10
  Speaker 2: It's got a butler's kitchen. It's got two lounge room.
• 40:15
  Speaker 2: It is a massive house.
• 40:17
  Speaker 3: Oh, my goodness. And you got a riding arena.
• 40:20
  Speaker 2: Yeah.
• 40:21
  Speaker 3: You got stables.
• 40:23
  Speaker 2: Sorry.
• 40:23
  Speaker 3: Now, Spill, how much does a property like this cost?
• 40:27
  Speaker 2: So, it was pricey. It was $ 1. 775. Mm-hmm. So, we
• 40:34
  Speaker 2: put down a $ 220 deposit on it, I think. So,
• 40:39
  Speaker 2: at the moment, our mortgage is $ 1. 569.
• 40:42
  Speaker 3: And- That obviously is a large number, but also I
• 40:51
  Speaker 3: would have swallowed triple that. It just obviously is because
• 40:55
  Speaker 3: you're a bit more regional that that's a bit more accessible,
• 40:58
  Speaker 3: which is quite cool. Because sorry, I've got girlfriends spending
• 41:02
  Speaker 3: $ 1. 8 million on townhomes in Richmond at the moment. Like
• 41:06
  Speaker 3: that's not unfeasible in the current economy or the current climate.
• 41:10
  Speaker 3: So like Yes, it's a lot of money, but also
• 41:14
  Speaker 3: you're not just buying a house with, sorry, six bedrooms
• 41:17
  Speaker 3: I'm coming to stay.
• 41:18
  Speaker 2: Yeah.
• 41:19
  Speaker 3: You've got a whole riding arena.
• 41:22
  Speaker 2: Yeah, and I live close to the beach now too,
• 41:24
  Speaker 2: and it's got a horse-friendly beach.
• 41:27
  Speaker 3: Sorry, you're allowed to take your horses to the beach.
• 41:29
  Speaker 2: I know. I've not been able to do that, so.
• 41:33
  Speaker 3: Queen, you are living the dream. Have you already taken
• 41:35
  Speaker 3: them to the beach or is this like?
• 41:36
  Speaker 2: Not yet.
• 41:37
  Speaker 3: That is so in the plan. Not yet, not yet,
• 41:39
  Speaker 3: because it is very new.
• 41:40
  Speaker 2: Yeah.
• 41:41
  Speaker 3: Oh, I'm so excited for you.
• 41:43
  Speaker 2: All right.
• 41:44
  Speaker 3: So how much is currently sitting on the mortgage?
• 41:47
  Speaker 2: So on the mortgage at the moment is $ 1, 569, 598. 28. That
• 41:50
  Speaker 2: 28 cents is very important. Tell me, do you have
• 41:52
  Speaker 2: any other debts? I just have a HECS debt.
• 41:53
  Speaker 1: Yeah.
• 41:54
  Speaker 2: And what does that look like for a paramedic? So, well,
• 42:08
  Speaker 2: I actually have done two degrees.
• 42:10
  Speaker 3: Of course she has.
• 42:12
  Speaker 4: She's a hustler, guys. We should have expected it.
• 42:15
  Speaker 2: It's currently sitting at $ 37, 663. Very cool. I just feel
• 42:18
  Speaker 2: like if you're going to become a paramedic.
• 42:20
  Speaker 3: That should be free.
• 42:21
  Speaker 2: I wish.
• 42:26
  Speaker 3: Like I think if you want to become a nurse,
• 42:28
  Speaker 3: if you want to become a doctor, if you want
• 42:30
  Speaker 3: to become a paramedic, like I think that should be free.
• 42:32
  Speaker 3: Anything in healthcare, free.
• 42:35
  Speaker 2: We would really appreciate it.
• 42:36
  Speaker 3: Like does that not make sense? Like I wanted to
• 42:39
  Speaker 3: go do business to build a business. I feel like
• 42:41
  Speaker 3: I should have paid for that. You wanted to go
• 42:44
  Speaker 3: and care for our community? That should have been paid
• 42:47
  Speaker 3: for by my tax dollars.
• 42:49
  Speaker 2: They're starting to pay for placements now, so that's something.
• 42:52
  Speaker 3: As they should have already. Sorry. I know that you
• 42:55
  Speaker 3: said that, like, oh, that's exciting. They're starting. To me,
• 42:58
  Speaker 3: that's the bare minimum. Like, what do you mean we
• 43:03
  Speaker 3: accepted that unpaid placements were just part of the gig? Like, hey,
• 43:08
  Speaker 3: I want to care for the community. Also, I will
• 43:12
  Speaker 3: pay for that privilege.
• 43:13
  Speaker 2: What? Yeah, I don't know. I think that was just
• 43:15
  Speaker 2: a pill that we just swallowed because we just wanted
• 43:18
  Speaker 2: to do it.
• 43:18
  Speaker 3: Queen, we got gaslit by the government. That's what happened.
• 43:22
  Speaker 3: That's what happened. All right. Tell me, if you're in
• 43:25
  Speaker 3: the She's On The Money ecosystem, you know how important
• 43:28
  Speaker 3: personal insurance is to me. So tell me, do you
• 43:31
  Speaker 3: have it? If so, what is it? If you do not,
• 43:33
  Speaker 3: why not, my friend?
• 43:34
  Speaker 2: I do. Before we brought the house, I had a
• 43:37
  Speaker 2: very nice sit down with Skywell.
• 43:39
  Speaker 3: Did you actually? I did. You're the cult.
• 43:41
  Speaker 2: I am. I remember some of the first episodes of
• 43:46
  Speaker 2: the insurances and then we were looking at the property
• 43:50
  Speaker 2: and we were looking how much it was going to
• 43:52
  Speaker 2: cost us and I went, That's significant. I need my income.
• 43:58
  Speaker 2: That's something I want to protect.
• 44:00
  Speaker 3: 100%, especially like obviously in all circumstances, but like looking
• 44:04
  Speaker 3: at your circumstance specifically, you've worked it out between yourself,
• 44:08
  Speaker 3: your mum and your brother, what your incomes can provide
• 44:11
  Speaker 3: to purchase this house altogether. And if we then didn't
• 44:14
  Speaker 3: have your income, obviously that would be awful because something
• 44:18
  Speaker 3: would have happened to you. Maybe you needed a paramedic.
• 44:21
  Speaker 2: And then.
• 44:22
  Speaker 3: you wouldn't have been able to contribute to the household,
• 44:25
  Speaker 3: putting financial pressure on your mom, putting financial pressure on
• 44:27
  Speaker 3: your brother, changing even their financial goals. Income protection could
• 44:33
  Speaker 3: absolutely help from that happening. Like that's crazy cool.
• 44:36
  Speaker 2: Yeah. That was the biggest thing. As I said, we
• 44:39
  Speaker 2: want to pay it off early. So mom's not in
• 44:40
  Speaker 2: debt when she retires. And so the biggest thing was
• 44:44
  Speaker 2: I need to protect my family.
• 44:46
  Speaker 3: I love that. But also just smart money decisions all around.
• 44:51
  Speaker 3: So I feel like you have some really good money habits.
• 44:53
  Speaker 3: And one that I've already identified is that I don't
• 44:56
  Speaker 3: think you succumb to instant gratification as much as other
• 44:59
  Speaker 3: people like me do. You're probably about the long game,
• 45:02
  Speaker 3: but you've always been about the long game, haven't you?
• 45:04
  Speaker 3: Like even as a kid, you were like putting money aside. Hey, question.
• 45:09
  Speaker 3: If you were given a sticker sheet when you were
• 45:11
  Speaker 3: six years old, did you use the stickers?
• 45:13
  Speaker 2: I used the dodgy stickers.
• 45:15
  Speaker 3: Yeah, but you saved the good ones? Yeah, the good
• 45:16
  Speaker 3: ones were saved. Yeah, but like what were we saving
• 45:19
  Speaker 3: them for?
• 45:20
  Speaker 2: Gratification.
• 45:21
  Speaker 3: The other day I went to my parents' house.
• 45:23
  Speaker 2: So nice.
• 45:23
  Speaker 3: Except do you know what my mum did that was
• 45:25
  Speaker 3: very rude? She sent me home with a box of
• 45:28
  Speaker 3: stuff from my old room. I was like, you need
• 45:30
  Speaker 3: to take this stuff. I don't know what it is.
• 45:32
  Speaker 3: It's yours. I don't want more junk in my house, mom.
• 45:35
  Speaker 3: You keep it. And she's like, but it's yours. And
• 45:37
  Speaker 3: there was a sheet of stickers in there. And they
• 45:40
  Speaker 3: were these like Japanese stickers of these little pandas. Maybe
• 45:43
  Speaker 3: I'll post a picture of them on my Instagram story
• 45:45
  Speaker 3: because they're so cute. They are now more than 25
• 45:49
  Speaker 3: years old and they still haven't been used because I
• 45:52
  Speaker 3: was like, these stickers are too good to use.
• 45:56
  Speaker 2: You know the scratch and sniff stickers?
• 45:57
  Speaker 3: You still got those?
• 45:59
  Speaker 2: No, they lost their smell.
• 46:00
  Speaker 3: But you still got the sticker?
• 46:01
  Speaker 2: Well, I did, but mum decided that because they lost
• 46:04
  Speaker 2: their smell, she'd chuck them in the bin. Okay, rude.
• 46:06
  Speaker 2: So I had them. Yeah, right. I kept them. I
• 46:09
  Speaker 2: wanted to keep them. I was saving them.
• 46:11
  Speaker 3: I was going to use them.
• 46:13
  Speaker 2: Yeah, she goes, what for? You are 20 years old.
• 46:16
  Speaker 2: Then taking up space, we're getting rid of them.
• 46:18
  Speaker 3: I am 35 years old and I still put all
• 46:20
  Speaker 3: of my books in colour-coded order. I still have stickers.
• 46:23
  Speaker 4: I still love a really nice highlighter and gel pen.
• 46:27
  Speaker 2: Elite.
• 46:28
  Speaker 3: You don't grow out of that, mum.
• 46:30
  Speaker 2: No.
• 46:31
  Speaker 3: Anyway, tell me, what, apart from scratch and sniff stickers,
• 46:35
  Speaker 3: is your best money habit?
• 46:37
  Speaker 2: Apart from my few little vices, like my pets, gifts
• 46:40
  Speaker 2: for others, and I love reading, so my books.
• 46:43
  Speaker 3: Love.
• 46:44
  Speaker 2: Probably my biggest money habit. hack, as you've guessed, is
• 46:47
  Speaker 2: my budget. Once I set it up and it's there,
• 46:51
  Speaker 2: like I don't impulse purchase. Every dollar has a job.
• 46:56
  Speaker 2: And once it's there working, I forget about it. It
• 46:58
  Speaker 2: doesn't exist.
• 46:59
  Speaker 3: I love that. And how did you become like that?
• 47:03
  Speaker 3: Is that recent since you've started consuming finance content? Or
• 47:06
  Speaker 3: is that something where you're like, V, I've actually always
• 47:09
  Speaker 3: had a budget. I've just not been doing it.
• 47:11
  Speaker 2: The budget was probably in the last four or five
• 47:14
  Speaker 2: years when I started trying to save up for the house. Love.
• 47:17
  Speaker 2: I've never been a big impulse purchaser. So it was
• 47:20
  Speaker 2: always putting money aside and saving it and leaving it
• 47:23
  Speaker 2: in a savings account, basically. And then listening to the content,
• 47:27
  Speaker 2: I was like, oh, it could be, yes, it's earning interest,
• 47:31
  Speaker 2: but it could be earning this over here. It could
• 47:33
  Speaker 2: be earning that over there. They can have different jobs.
• 47:37
  Speaker 3: I love that. And giving money a job is one
• 47:39
  Speaker 3: of my favorite things to do and favorite things to
• 47:41
  Speaker 3: talk about, to be honest.
• 47:43
  Speaker 2: Yeah.
• 47:44
  Speaker 3: Flipping the narrative though. What's your worst money habit? And
• 47:47
  Speaker 3: you're not allowed to say horses.
• 47:49
  Speaker 2: No, no. They might not be the best financial, but
• 47:53
  Speaker 2: they are the best investment in my mental health.
• 47:57
  Speaker 3: You would have instant horse therapy. I'm so envious.
• 48:02
  Speaker 2: Yeah. So because of that, they are a good financial
• 48:04
  Speaker 2: investment in my head. My worst money habit is probably
• 48:08
  Speaker 2: actually my mindset, to be honest, because I As I said,
• 48:15
  Speaker 2: when I was like saving up when I was younger,
• 48:17
  Speaker 2: two stories come to mind in separate occasions. One was
• 48:21
  Speaker 2: there was some sunglasses that were on sale. Another was
• 48:25
  Speaker 2: I needed a new phone and there was a phone
• 48:27
  Speaker 2: deal with like you purchase and you get free headsets
• 48:31
  Speaker 2: or something. I could have afforded this multiple times over.
• 48:35
  Speaker 2: But when my family said, oh, you need a new phone,
• 48:38
  Speaker 2: you should get it while it's on special. The unplanned
• 48:41
  Speaker 2: purchase happened. set me into a tailspin and I can
• 48:44
  Speaker 2: remember sort of sitting there, I kid you not, in tears,
• 48:48
  Speaker 2: rocking back and forth, going, I haven't planned to spend
• 48:52
  Speaker 2: this money, it's in the account and now it's going
• 48:54
  Speaker 2: to have to go.
• 48:55
  Speaker 3: And why do you think that was so traumatic?
• 48:59
  Speaker 2: I think after growing up, once I realised how sort
• 49:03
  Speaker 2: of dire straight we were, it was always that money
• 49:05
  Speaker 2: needs to stay there for a rainy day, just in
• 49:08
  Speaker 2: case something goes wrong. or just to protect us.
• 49:11
  Speaker 3: I feel like that's really relatable for a lot of people.
• 49:14
  Speaker 3: Do you think that that's something that you still kind
• 49:16
  Speaker 3: of carry? Because I'm like looking at you going, you're
• 49:19
  Speaker 3: really good at money. You're really good at money. But
• 49:22
  Speaker 3: I don't think you're giving yourself very much credit for
• 49:25
  Speaker 3: that either.
• 49:26
  Speaker 2: So I've definitely improved it. I've definitely worked on it.
• 49:30
  Speaker 2: But there are still times where I catch myself, for example,
• 49:35
  Speaker 2: I need a new pair of running shoes. I've saved
• 49:37
  Speaker 2: up for this pair of running shoes. The money has
• 49:40
  Speaker 2: been in my account for about five months because I've
• 49:43
  Speaker 2: just been sitting there and I'm like, I'm not in
• 49:46
  Speaker 2: tears over it, but I'm like, I'll wait for the
• 49:48
  Speaker 2: next sale so I can get the best deal. And
• 49:50
  Speaker 2: so it's not necessarily sending me into the spin out,
• 49:53
  Speaker 2: but it's, I'll get to it later. I'll spend it later.
• 49:57
  Speaker 3: But what do you think is triggering that? So obviously
• 50:00
  Speaker 3: it's like, Victoria, I get anxiety, but like, what if
• 50:03
  Speaker 3: today you went and bought those runners and let's say
• 50:06
  Speaker 3: they weren't even on sale and What would happen if
• 50:09
  Speaker 3: you didn't have that money in your account?
• 50:11
  Speaker 2: Oh, in today, nothing because I've got a really healthy
• 50:14
  Speaker 2: emergency fund. I've got spare money in my expenses account
• 50:18
  Speaker 2: just in case as well. It's just this little hill
• 50:22
  Speaker 2: and it doesn't always happen. Sometimes I'm really good with spending.
• 50:25
  Speaker 2: It's certain things. I just find myself falling back into
• 50:27
  Speaker 2: old habits and an old mindset. Yeah.
• 50:30
  Speaker 3: And- I feel like you are very self-aware in that
• 50:32
  Speaker 3: you've identified this, but I do think that there's maybe
• 50:36
  Speaker 3: a little bit more behind it where you're like, that's
• 50:39
  Speaker 3: maybe a more expensive purchase for me. And maybe there's
• 50:43
  Speaker 3: some guilt sitting around that because you're like, oh, but
• 50:47
  Speaker 3: what if my mum needs this? Or what if my
• 50:49
  Speaker 3: brother needs this? So I feel like maybe that's something
• 50:53
  Speaker 3: you could work on, but like how self-aware to be
• 50:56
  Speaker 3: able to identify that as your bad money habit. If
• 50:59
  Speaker 3: I asked you about that B plus, A minus, what
• 51:03
  Speaker 3: would it take for you to say, Victoria, I am
• 51:06
  Speaker 3: an A plus? Is it more around the mindset because
• 51:09
  Speaker 3: I feel like everything else is structured cleanly or is
• 51:11
  Speaker 3: there something else I haven't identified?
• 51:13
  Speaker 2: No, definitely. I'll admit I do want to sort of
• 51:18
  Speaker 2: revamp my share portfolio at the moment and just rebalance it.
• 51:23
  Speaker 2: But my main thing would be my money mindset. because
• 51:30
  Speaker 2: I am very happy with the work I've done. I'm
• 51:32
  Speaker 2: really proud of what I've achieved. I do know I've
• 51:35
  Speaker 2: got a little bit of a way to go and
• 51:36
  Speaker 2: I would like to be able to realise the position
• 51:40
  Speaker 2: I am in where I can make that purchase because
• 51:42
  Speaker 2: I have worked hard, I have saved up for it,
• 51:45
  Speaker 2: so now I can reap the rewards of that hard work. Totally.
• 51:48
  Speaker 3: And you're really making me think a million different things
• 51:52
  Speaker 3: because I I think I've mentioned a million times on
• 51:55
  Speaker 3: this show that I have a money masterclass and I
• 51:57
  Speaker 3: do touch on mindset in there and I'm actually going
• 51:59
  Speaker 3: to give it to you so that you can go
• 52:01
  Speaker 3: and like do the whole course and like watch all
• 52:04
  Speaker 3: the videos on mindset and make sure that like maybe
• 52:07
  Speaker 3: they would help. But I'm thinking, oh my goodness, like
• 52:09
  Speaker 3: what if I did a whole series on like not
• 52:13
  Speaker 3: anything to do with budgeting like we don't even flow
• 52:16
  Speaker 3: into managing your money but like what if I did
• 52:18
  Speaker 3: a whole psychological series on money mindset and married that
• 52:22
  Speaker 3: with like I think there's a big piece around self-confidence
• 52:26
  Speaker 3: and like really backing yourself and like being able to
• 52:30
  Speaker 3: go no no I am worth that I do deserve
• 52:33
  Speaker 3: this I do and like that can be so hard
• 52:35
  Speaker 3: to say like I even struggle with it now by,
• 52:39
  Speaker 3: you know, putting my hand up and being like, actually,
• 52:41
  Speaker 3: like I do deserve this. Like, sorry. It's just, especially
• 52:45
  Speaker 3: for women, something that we, I think, inherently struggle with
• 52:49
  Speaker 3: and that then impacts our money. And that's not fair.
• 52:51
  Speaker 2: Oh, definitely. Those shoes that I need to, like the
• 52:55
  Speaker 2: running shoes that I need to purchase for four or
• 52:57
  Speaker 2: five months, I'm happy to say, no, it's okay. I
• 52:59
  Speaker 2: can wait for a sale. If mum or my brother
• 53:01
  Speaker 2: needs that, I'll go out and get them tomorrow. Not
• 53:03
  Speaker 2: a problem.
• 53:04
  Speaker 3: Yeah, and you'll spend the money on them from the
• 53:07
  Speaker 3: same damn account. And you'll be like, yeah, but you
• 53:10
  Speaker 3: deserve that, mum. Like how do we talk to ourselves
• 53:14
  Speaker 3: in the same way that we talk to our best friend?
• 53:17
  Speaker 3: Like if my best friend was talking any trash about herself,
• 53:20
  Speaker 3: I would be like, you sit down right now. That
• 53:22
  Speaker 3: is not acceptable. You need to love yourself because I
• 53:25
  Speaker 3: loved you and all of this and you're like the
• 53:26
  Speaker 3: hottest and the smartest and the best person ever.
• 53:29
  Speaker 2: And why can't you see yourself the way I see you? Exactly.
• 53:31
  Speaker 3: And why can't I see me the way that my
• 53:33
  Speaker 3: friends see me? Like all.
• 53:36
  Speaker 2: Question of the century, that one, I think.
• 53:38
  Speaker 3: No, do you know what? The world couldn't handle the
• 53:40
  Speaker 3: ego I'd have. Money Dice, it has been an absolute
• 53:45
  Speaker 3: pleasure getting to know you, sharing your story. Oh my goodness.
• 53:48
  Speaker 3: I just feel like there's so many relatable bits in there,
• 53:51
  Speaker 3: like especially around, you know, having money anxiety and, you know,
• 53:56
  Speaker 3: going through so much change as a child and spending
• 53:58
  Speaker 3: habits that maybe send you into a little bit of
• 54:01
  Speaker 3: a spin, but then, sorry, unrelatable. Oh, I bought a
• 54:04
  Speaker 3: house with stables and a show ring. Like that's so
• 54:07
  Speaker 3: cool though. And I think that there's something to say
• 54:11
  Speaker 3: about like, Is it really unrealistic for other people if
• 54:15
  Speaker 3: it's being role modelled by people in our community who
• 54:19
  Speaker 3: have normal jobs, who have like really good normal incomes? Like,
• 54:24
  Speaker 3: money dice, you're a paramedic who's just changing her financial trajectory.
• 54:29
  Speaker 3: If it's possible for you, it's possible for so many.
• 54:31
  Speaker 3: And that makes me so excited. But I won't lie,
• 54:37
  Speaker 3: I don't want to show rank at my house. That
• 54:39
  Speaker 3: sounds like a lot of madeleines.
• 54:41
  Speaker 2: No fair enough it's therapy for some a nightmare for
• 54:45
  Speaker 2: others oh.
• 54:46
  Speaker 3: Like I'm coming over to borrow yours but I don't
• 54:48
  Speaker 3: want to have to regularly maintain stables like that just
• 54:51
  Speaker 3: that's not my journey so anyway it has been a
• 54:54
  Speaker 3: pleasure thank you so much I have absolutely adored this.
• 54:58
  Speaker 2: Thank you so much for having me it's been amazing.
• 55:06
  Speaker 5: The advice shared on She's on the Money is general
• 55:08
  Speaker 5: in nature and does not consider your individual circumstances. She's
• 55:12
  Speaker 5: on the Money exists purely for educational purposes and should
• 55:16
  Speaker 5: not be relied upon to make an investment or financial decision.
• 55:19
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• 55:22
  Speaker 5: the PDS, TMD and obtain appropriate financial.
• 55:25
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• 55:27
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• 55:31
  Speaker 5: of Money Sherpa PTY LTD ABN 321 649 27708 AFSL 451 289.