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MONEY DIARIES: It took three years and $$$ to settle her dad's will · She's On The Money

• 0:00
  Speaker 1: She's on the Money.
• 0:02
  Speaker 2: She's on the Money.
• 0:23
  Speaker 3: Hello, and welcome to She's on the Money, the podcast
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  Speaker 3: Millennials who want financial freedom. Welcome to another shot back
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  Speaker 3: money Diary Monday, where we get to talk to one
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  Speaker 3: about gorgeous community members all about their money story, their challenges,
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  Speaker 3: what they're doing, their hotes, their dreams, and we just
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  Speaker 3: kind of get all the juicy goss.
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  Speaker 1: Really, don't we be?
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  Speaker 4: We definitely do.
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  Speaker 3: It's a very exciting time. We get to peer behind
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  Speaker 3: the curtain a little bit. And I've got a great
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  Speaker 3: story for you today. Do you want me to read
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  Speaker 3: it out?
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  Speaker 4: I am very excited? What have you got for me?
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  Speaker 5: So?
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  Speaker 3: Our diarist says. My parents divorced when I was five.
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  Speaker 3: Both had different spending habits, and unfortunately I got mom's
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  Speaker 3: side of spending. I moved out of home and interstate
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  Speaker 3: at twenty two got into a world of personal debt
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  Speaker 3: from twenty two to twenty seven. My dad passed away
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  Speaker 3: three years ago unexpectedly, and his will wasn't up to date,
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  Speaker 3: so it was a really long and difficult process for
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  Speaker 3: my family. He's a state finalized in December, and so
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  Speaker 3: recently I received an inheritance as of six months ago,
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  Speaker 3: I got a new job and I'm now saving on
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  Speaker 3: my own, which is really exciting. What a roller coaster.
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  Speaker 3: And we actually got a ride very recently about wills
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  Speaker 3: and estate planning and all of that, so I feel
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  Speaker 3: like this is a really good and interesting one to
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  Speaker 3: talk about, kind of as a follow up to that.
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  Speaker 4: It's crazy because nobody takes wills in a state planning
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  Speaker 4: seriously until something really dramatic happens. Money Diarist, I believe
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  Speaker 4: you're hanging out with us already. Hello, how are you?
• 1:49
  Speaker 4: Oh my gosh, I'm so good. I feel like this
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  Speaker 4: is going to be such an interesting money dory and
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  Speaker 4: I cannot wait to jump straight in. So let's do that,
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  Speaker 4: Money Diarist, Can you tell us a little bit about
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  Speaker 4: your money story.
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  Speaker 5: I think it's been very complicated. So when my parents
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  Speaker 5: separated when I was five years old, they both met
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  Speaker 5: other partners. My dad and his previous wife, well his
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  Speaker 5: next wife worked in government and for universities, and that
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  Speaker 5: was quite like supportive, and we always had enough. And
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  Speaker 5: then my mum met someone who had three kids of
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  Speaker 5: their own and they had two more together, so money
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  Speaker 5: was a bit more tight between us. With a family
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  Speaker 5: of two adults and then ended up being seven children.
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  Speaker 3: A lot of children.
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  Speaker 5: Yeah, So I definitely heard from like a young age
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  Speaker 5: that you know, they didn't have any money and we
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  Speaker 5: were expensive.
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  Speaker 1: To look after because there was a lot of us.
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  Speaker 5: And there was times where you know, Mum's like I've
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  Speaker 5: only got fifty dollars in my account for the week.
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  Speaker 1: So I think.
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  Speaker 5: They were two very different circumstances, but I was always
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  Speaker 5: looked after. I just think later on in life I
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  Speaker 5: didn't really get taught about money habits. I started working
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  Speaker 5: full time from when I was eighteen and saved up
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  Speaker 5: and when overseas on a gap year, and then when
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  Speaker 5: I came back and had more responsibilities, I think that's
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  Speaker 5: when I just didn't have the guidance that I needed
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  Speaker 5: all the knowledge in general just to be able to
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  Speaker 5: look after myself and to not spend more than my means. Yeah.
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  Speaker 4: Wow, yeah, oh, I'm going to ask so many questions
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  Speaker 4: about that.
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  Speaker 1: Yeah.
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  Speaker 5: And then fast forward a couple of years, I decided
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  Speaker 5: that I wanted to move to Sydney from Canberra and
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  Speaker 5: I got a job up here. The job wasn't the
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  Speaker 5: best paying, but I was just super excited to live
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  Speaker 5: outside of home and be on my own and really
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  Speaker 5: wanted to travel, but didn't have enough money too, so
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  Speaker 5: I got out a personal loan and then it kind
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  Speaker 5: of just snowballed from there. So I'm trying to rebuild
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  Speaker 5: my relationship with money to have a positive effect on
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  Speaker 5: my life and know it's there for me and to
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  Speaker 5: support me in the things that I want to do,
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  Speaker 5: and it's a tool to just enhance my life.
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  Speaker 4: Gosh, I love how you're viewing it now as opposed
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  Speaker 4: to how you grew up. But I'm going to ask
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  Speaker 4: other questions about that later in the show. Onto the
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  Speaker 4: next question. What do you currently do for work and
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  Speaker 4: how much money do you earn?
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  Speaker 5: So I'm a team assistant for a commercial property developer
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  Speaker 5: in the city and as of yesterday, I finished my propriation.
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  Speaker 1: Or congrass thank you.
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  Speaker 5: I'm now on ninety thousand dollars a year, including super
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  Speaker 5: oh very nice.
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  Speaker 4: How exciting. And you passed probation. That's always such. I
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  Speaker 4: feel like we all know how we're going to do
• 4:36
  Speaker 4: on probation, right, Like you kind of know you're doing
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  Speaker 4: a good job, but there's still that underlying level of
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  Speaker 4: anxiety where you like but anything could happen, and so
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  Speaker 4: when you pass it you're like, yes, Like I knew
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  Speaker 4: this was coming, but it's such a relief, especially with
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  Speaker 4: COVID as well.
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  Speaker 1: It's just one more layer.
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  Speaker 5: I'll sow you like, Eh, what's going on?
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  Speaker 4: That is so true? Money Diarist, what is your big
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  Speaker 4: money at the moment.
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  Speaker 5: I'd really like to buy a property this year with
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  Speaker 5: my partner, So that's the big goal. We've got a
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  Speaker 5: long way to go before we get there. We're not
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  Speaker 5: in a super rush, but the goal is to add
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  Speaker 5: more savings to our existing savings and then you know,
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  Speaker 5: feel comfortable with it.
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  Speaker 4: Awesome. Do you currently invest money?
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  Speaker 1: Diarist? Well, I have Super so that's yes, Queen.
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  Speaker 4: Great answer, great answer.
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  Speaker 1: But other than that, not at the moment.
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  Speaker 5: It's something I'd like to do in future, but I
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  Speaker 5: think I want to rebuild my relationship with money first.
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  Speaker 5: If I can get a house or a property, that
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  Speaker 5: would be great, and I think that will be the
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  Speaker 5: next step.
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  Speaker 4: Yeah, epic on investment, still talk to me about Super
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  Speaker 4: How much priority do you put on it? How much
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  Speaker 4: time have you spent looking at it?
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  Speaker 1: Not a lot? I check it every couple of months.
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  Speaker 5: I guess maybe like every quarter and make sure you
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  Speaker 5: know it's all coming through from work.
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  Speaker 1: And that's fine. I feel all right with it.
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  Speaker 5: I think I could be more involved in it. I
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  Speaker 5: think I could utilize the superneration company more to talk
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  Speaker 5: about what I want my.
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  Speaker 1: Future to look like.
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  Speaker 5: And I guess I can't remember what are they called?
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  Speaker 5: What are the different types of investments?
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  Speaker 4: The portfolios?
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  Speaker 5: Yes, I think I could be more involved with what
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  Speaker 5: portfolios are available and what would suit me best.
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  Speaker 4: My gosh, that is a really good point that you
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  Speaker 4: bring up utilizing the super company. Like most super companies.
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  Speaker 6: Have advisors and teams that you can just call ninety
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  Speaker 6: nine percent of the time for free to be like, hey,
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  Speaker 6: this is a goal of mine. Am I going to
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  Speaker 6: be able to achieve it?
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  Speaker 4: And they'll be able to let you know and talk you.
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  Speaker 7: Through stuff like that. That's what they're there for. Go
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  Speaker 7: get the free advice from your supercompany. I mean, obviously,
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  Speaker 7: take everything with a grain of salt, because they can't
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  Speaker 7: advise you on whether you should stay with the super
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  Speaker 7: company or if you should go or with the right.
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  Speaker 4: You know, the right actual company for you. But when
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  Speaker 4: it comes to have I got enough money in there,
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  Speaker 4: like what amount of contribution should I be investing to
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  Speaker 4: achieve X, Y and Z. They'll know all those answers,
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  Speaker 4: so definitely give them a buzz. But I could go
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  Speaker 4: on about super forever, ask Jess I actually do in
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  Speaker 4: the office. The next question for your money direst is
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  Speaker 4: do you currently have any debts?
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  Speaker 1: I have a credit card.
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  Speaker 5: The limit is one thy five hundred, so that's more
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  Speaker 5: just for me and my partner if we want to
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  Speaker 5: go just traveling within Australia and we want to book
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  Speaker 5: a higher car and we can put that on there.
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  Speaker 5: It's fully paid except for two hundred dollars for address
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  Speaker 5: that I've got for a wedding in two weeks time.
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  Speaker 5: Oh exciting, and I'll pay that off when I get
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  Speaker 5: paid next week.
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  Speaker 4: So before when we read out your money story, obviously
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  Speaker 4: you've been in some debt before. How much debt were
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  Speaker 4: you in and how did.
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  Speaker 5: You get out of it? I think the total number
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  Speaker 5: wasn't very nice. I think it was like between a
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  Speaker 5: personal loan.
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  Speaker 1: And a car.
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  Speaker 5: It was combined, probably about five thousand dollars. So I
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  Speaker 5: got a personal loan in twenty seventeen to essentially fund
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  Speaker 5: a trip to go overseas and to help me, like
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  Speaker 5: with paying rent while I was away, And I had
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  Speaker 5: also bought a second hand car on finance six months
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  Speaker 5: before that as well, and then I increased it over
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  Speaker 5: a couple of years as well, so I kept paying
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  Speaker 5: it off and then would increase it.
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  Speaker 4: I feel like that's the cycle of debt because you go,
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  Speaker 4: oh my gosh, like if your ste comes up, like
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  Speaker 4: you need to, but you also get into debt and
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  Speaker 4: then you rely on it in a way you're like, okay, cool,
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  Speaker 4: like I know if something comes up, I can just
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  Speaker 4: put it on there and I'll just keep paying it off, right,
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  Speaker 4: Like it's not that big of an issue. But what
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  Speaker 4: you forget is that it's an issue for future you.
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  Speaker 4: And I feel like it's such a cycle.
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  Speaker 5: Yeah, twenty two year old me did not care about
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  Speaker 5: twenty seven year old me.
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  Speaker 1: Oh, she was like, she'll have it together.
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  Speaker 4: She'll be fine, of course she will, she'll be great.
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  Speaker 4: In fact, like we don't know her. Who's twenty seven
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  Speaker 4: year old me? Like we don't care about her, we've
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  Speaker 4: never met her.
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  Speaker 3: When you're twenty two to twenty seven, themes so far away.
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  Speaker 4: Also, there's such different ages as well, like Jess, you're
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  Speaker 4: twenty seven now. You just turned twenty eight July.
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  Speaker 3: Not sure?
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  Speaker 4: Yeah, now twenty eight this year though, twenty twenty two
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  Speaker 4: and twenty yeah. Okay, so we're on track for me
• 9:20
  Speaker 4: to remember my team's birthday dates. That's good. But do
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  Speaker 4: you remember when you were twenty two? Like I remember
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  Speaker 4: back to being twenty two, and it's such a different
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  Speaker 4: mindset to twenty seven.
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  Speaker 3: I was very similar to Osiris in that I was
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  Speaker 3: stuck in the debt cycle at that age. So I
• 9:36
  Speaker 3: think it's heaven and it's it's Yeah, it just happens
• 9:39
  Speaker 3: to everybody when you're younger and you don't have access
• 9:42
  Speaker 3: to that level of education. And we'll probably talk a
• 9:45
  Speaker 3: little bit later. You said about you know, your mum's
• 9:47
  Speaker 3: spending habits and how that.
• 9:48
  Speaker 4: Influences I've got so many questions about that.
• 9:51
  Speaker 3: Yeah, And so when you've been brought up that way,
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  Speaker 3: it's just kind of a way of life, really, isn't it.
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  Speaker 5: Yeah.
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  Speaker 4: Yeah, I feel like when you talk about ages and
• 9:59
  Speaker 4: you might go of victoria, but like the difference between
• 10:02
  Speaker 4: being a six year old and being a ten year
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  Speaker 4: old that's massive too. But I feel like once you
• 10:07
  Speaker 4: turn eighteen nineteen, you get to twenty two, you genuinely
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  Speaker 4: believe that you're like fully adult. You're like, well, I'm
• 10:14
  Speaker 4: an adult, Like I have my shit together, Like I'm
• 10:17
  Speaker 4: never going to be more mature than this, Like you
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  Speaker 4: just genuinely feel and like I look back on it,
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  Speaker 4: I was exactly the same, Like my priorities were really
• 10:25
  Speaker 4: short term what I was planning. I just thought I
• 10:28
  Speaker 4: was so smart and I'm not. Like It's it's interesting
• 10:32
  Speaker 4: looking back because I think a lot of people listening
• 10:34
  Speaker 4: to this might be twenty two, and they'll be like,
• 10:36
  Speaker 4: I won't change, Like my priorities won't change, and it's
• 10:39
  Speaker 4: not necessarily even about money, But you would be surprised
• 10:42
  Speaker 4: at how much your mindset can change over that period
• 10:45
  Speaker 4: of time and your values and your priorities. And one
• 10:48
  Speaker 4: day you wake up and you're like, wow, I'd love
• 10:50
  Speaker 4: a new vacuum cleaner, and it just becomes yeah, it
• 10:55
  Speaker 4: becomes so interesting to look back on those things. Do
• 10:58
  Speaker 4: you find that you were a completely different person, Like
• 11:01
  Speaker 4: twenty two year old spending you is not who you
• 11:05
  Speaker 4: are today?
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  Speaker 5: Just really buried my head in the sand. Just didn't
• 11:08
  Speaker 5: want to think about like future me as well, because
• 11:12
  Speaker 5: I obviously didn't have enough to cover my expenses, so
• 11:15
  Speaker 5: I was just like just took it, you know.
• 11:18
  Speaker 1: My month at a time.
• 11:20
  Speaker 5: So when I got to about twenty three twenty four,
• 11:27
  Speaker 5: I was like, okay, I really need to try and
• 11:29
  Speaker 5: start paying this step down. And I sold my car
• 11:32
  Speaker 5: and that covered the payment of it.
• 11:34
  Speaker 1: So that was a great start.
• 11:36
  Speaker 5: So that knocked about like ten thousand dollars off, and
• 11:39
  Speaker 5: then I had ways to go with the rest of
• 11:41
  Speaker 5: the debt. And my goal was to just keep paying
• 11:43
  Speaker 5: it and then try and increase my salary.
• 11:46
  Speaker 1: With working as well.
• 11:48
  Speaker 5: And I was settling into my career more and I
• 11:51
  Speaker 5: knew I had better opportunities down the line, and I
• 11:54
  Speaker 5: just I didn't pay additional but I did prioritize it
• 11:57
  Speaker 5: in a way where I was like, Okay, I'm not
• 11:59
  Speaker 5: miss I think any payments. I'm just going to keep
• 12:02
  Speaker 5: going with it and then I'll get there and then
• 12:05
  Speaker 5: if I get a salary increase, you know, then I
• 12:07
  Speaker 5: can start paying more of it off.
• 12:10
  Speaker 4: I feel like that's such a common mindset. Yeah, I'll
• 12:12
  Speaker 4: just pay it off and it earn more. I'll learn
• 12:14
  Speaker 4: more at some point soon it should be right.
• 12:16
  Speaker 5: So I was doing that, and then when my dad
• 12:21
  Speaker 5: passed away unexpectedly, it was awful and I would have
• 12:25
  Speaker 5: anything bring him back. But also at the same time,
• 12:28
  Speaker 5: I was like, okay, well, I'm going to get an
• 12:30
  Speaker 5: inheritance and I can use that to pay it off.
• 12:34
  Speaker 5: Little did I know that the will wasn't up to
• 12:37
  Speaker 5: date and it was a really long.
• 12:39
  Speaker 1: Process for our family.
• 12:41
  Speaker 5: So it took just under three years, and in that time,
• 12:45
  Speaker 5: I still kept paying off my debt, so I had
• 12:48
  Speaker 5: gotten most of it down. So as I like July,
• 12:52
  Speaker 5: I think it was just under like seven thousand dollars,
• 12:55
  Speaker 5: and that was when I was about to start my
• 12:57
  Speaker 5: new job, and I was it was a really big
• 13:00
  Speaker 5: salary increase for me, so I was like, Okay, I
• 13:02
  Speaker 5: can definitely pay this off by the end of the year.
• 13:05
  Speaker 5: So we're kind of all in one that I was like,
• 13:08
  Speaker 5: I know this is coming, but I also now know
• 13:12
  Speaker 5: that I can have the ability to save to be
• 13:14
  Speaker 5: able to pay this off.
• 13:15
  Speaker 4: Oh how good. So you ended up paying it off
• 13:18
  Speaker 4: all on your own and weren't reliant on like the
• 13:20
  Speaker 4: inheritance to wipe your debt clean.
• 13:23
  Speaker 5: Yeah, yeah, I still need my mom and my stepdad
• 13:28
  Speaker 5: helped me out with some lawyers fees during the process
• 13:30
  Speaker 5: as well, so I did pay them back. That was
• 13:33
  Speaker 5: always like, when it comes through, this is what you'll
• 13:35
  Speaker 5: be paying back.
• 13:36
  Speaker 1: So I was like, okay, that's fine.
• 13:37
  Speaker 5: Yeah, so yeah, that's the debt that I paid off
• 13:39
  Speaker 5: with it, so which.
• 13:40
  Speaker 1: Wasn't too bad.
• 13:41
  Speaker 4: Yeah. I really like that. You got to set the
• 13:44
  Speaker 4: mindset and the habit up of saving and paying off
• 13:47
  Speaker 4: a debt. Because one thing that I do find, and
• 13:50
  Speaker 4: I guess having had experience with a lot of people
• 13:53
  Speaker 4: who have gotten inheritance, is because that's actually what I
• 13:56
  Speaker 4: specialize in in my wealth business, a lot of people
• 14:00
  Speaker 4: their in debt. When they receive an inheritance, they wipe
• 14:03
  Speaker 4: it off. That is so great, like they're not in
• 14:06
  Speaker 4: debt anymore, but they haven't set up these positive savings habits,
• 14:10
  Speaker 4: so they either burn through money really quickly or end
• 14:13
  Speaker 4: up in a little bit of a pickle because they
• 14:15
  Speaker 4: don't have that budget and cash flow mindset around what
• 14:18
  Speaker 4: they need to be doing with money, Like they don't
• 14:20
  Speaker 4: prioritize it in the same way that money darrest you
• 14:23
  Speaker 4: might because you go, all right, that was really hard
• 14:26
  Speaker 4: to get out of. Now I have it, I've got
• 14:27
  Speaker 4: to look after it.
• 14:28
  Speaker 1: I never never want to do it again.
• 14:30
  Speaker 4: Yeah, understandably so, but it's such a different mindset to
• 14:36
  Speaker 4: one of oh, well that was wiped off. It's not
• 14:38
  Speaker 4: an issue. It was never a stress for me, like
• 14:41
  Speaker 4: I didn't have to pay it off in a way.
• 14:43
  Speaker 4: So I do find it super interesting watching people and
• 14:46
  Speaker 4: their mindsets around inheritances because over the next I think
• 14:50
  Speaker 4: it's over the next ten years, there's going to be
• 14:54
  Speaker 4: the biggest shifted inter generational wealth that Australia has ever experienced.
• 14:59
  Speaker 4: And it's not nice to talk about, but a lot
• 15:02
  Speaker 4: of our listeners, a lot of our community are going
• 15:05
  Speaker 4: to be in similar situations to you, where a parent
• 15:08
  Speaker 4: is no longer able to be with us and they've
• 15:10
  Speaker 4: got this responsibility and as you've found out, that will process.
• 15:15
  Speaker 4: It's not an easy one. Takes a while, it does. Yeah,
• 15:20
  Speaker 4: money Diarist, the next question, which is such a pivot
• 15:24
  Speaker 4: from talking about debt and inheritance, it's actually about spending
• 15:29
  Speaker 4: money Diarist, Do you shop that?
• 15:31
  Speaker 1: Yes?
• 15:31
  Speaker 4: I do.
• 15:32
  Speaker 1: Oh my gosh, what are true?
• 15:34
  Speaker 4: She's on the money community member Jess.
• 15:36
  Speaker 5: Oh yeah, I do love it. And I think one
• 15:40
  Speaker 5: of the previous money diarists. She's like, oh, I use
• 15:42
  Speaker 5: it for everything if I'm like buying flowers, and I
• 15:45
  Speaker 5: was like, oh, I didn't know you could like use
• 15:47
  Speaker 5: it other than like online shopping like the Iconic and
• 15:49
  Speaker 5: for clothes and things. So I've just bought some furniture,
• 15:53
  Speaker 5: so I've used it on that, like booking trips away
• 15:57
  Speaker 5: with like the accommodation. So what I did last year
• 16:02
  Speaker 5: was I just let it build up for the year
• 16:04
  Speaker 5: and then I withdraw it at Christmas time and then
• 16:06
  Speaker 5: that funds some of.
• 16:07
  Speaker 1: My Christmas present good So that.
• 16:10
  Speaker 4: Takes a bit of the Christmas stress, just like it
• 16:12
  Speaker 4: adds up like slowly.
• 16:14
  Speaker 5: But you know, extra two hundred dollars at Christmas time
• 16:17
  Speaker 5: makes all the difference.
• 16:17
  Speaker 4: It's a lot of money. Like that's a fair few
• 16:20
  Speaker 4: presents that are off the list and you don't have
• 16:22
  Speaker 4: to worry about. Jess, I have a question for you.
• 16:25
  Speaker 4: We were talking about how our money direst is now
• 16:28
  Speaker 4: using it for more than just like clothes on the Iconic.
• 16:33
  Speaker 4: Who's work account did you shop back connected to in
• 16:36
  Speaker 4: the shees on the Money Office, Jesscricci.
• 16:39
  Speaker 3: That would be mine because we don't have a sheese
• 16:42
  Speaker 3: on the money account and stupid any opportunity to make
• 16:46
  Speaker 3: an extra dollar, I'm all about it.
• 16:49
  Speaker 4: But you did ask.
• 16:50
  Speaker 1: I did ask.
• 16:51
  Speaker 4: So for those listening along that like, maybe I should
• 16:53
  Speaker 4: put this on my work computer, only do that if
• 16:56
  Speaker 4: you have permission. Otherwise you could find yourself in a
• 16:58
  Speaker 4: whole heap.
• 16:58
  Speaker 1: Of trouble with Let just do it.
• 17:00
  Speaker 4: I mean, she deserves it, right.
• 17:03
  Speaker 3: It's like a treat yourself moment. It's a good point
• 17:04
  Speaker 3: you make though about like other stuff to online shopping,
• 17:07
  Speaker 3: because someone shared with us a couple of weeks on Instagram.
• 17:11
  Speaker 3: You can use it on calls online. So if you
• 17:14
  Speaker 3: do your grocery shop you can do like the click
• 17:16
  Speaker 3: and collect. If you don't want to pay the extra
• 17:18
  Speaker 3: for the delivery, which I don't because I'm stingy, you
• 17:21
  Speaker 3: can place your click and collect, get the shot back,
• 17:23
  Speaker 3: and then just pick it up like you would normally,
• 17:25
  Speaker 3: which is pretty cool.
• 17:26
  Speaker 5: That's great.
• 17:26
  Speaker 1: That's a great tip. I didn't know that.
• 17:29
  Speaker 3: Yeah, saving money for everybody.
• 17:32
  Speaker 4: Your a genius, Jesse Ricci. All right, obviously that's good
• 17:36
  Speaker 4: money habit. But we are now going to ask you money,
• 17:39
  Speaker 4: darrist what is your best money habit?
• 17:42
  Speaker 5: I would say I really know what's coming in and
• 17:45
  Speaker 5: out of my account. So I'm like aware and keeping
• 17:49
  Speaker 5: like keep in check of like how much money we've
• 17:52
  Speaker 5: got in our account, and like what I've got in
• 17:53
  Speaker 5: my account, and this is my expenses that are coming up,
• 17:57
  Speaker 5: and I get paid monthly, so every month I know,
• 18:00
  Speaker 5: like what are the events that I've got one that
• 18:03
  Speaker 5: I'm going to need a little bit extra for and
• 18:05
  Speaker 5: whose birthdays it is? But so I just make sure
• 18:08
  Speaker 5: that I planned all of that out and also buying
• 18:11
  Speaker 5: things on sale, so I try really hard, especially with
• 18:14
  Speaker 5: clothing and discretionary items, to not buy them full price,
• 18:18
  Speaker 5: excluding a door beauty.
• 18:20
  Speaker 3: Take an exception there.
• 18:22
  Speaker 4: Yeah, we can bend the rules right, just a little bit,
• 18:25
  Speaker 4: especially for a door, Like I get it. Yeah, they
• 18:28
  Speaker 4: send you a Timtam, so it's worth it, right, do
• 18:32
  Speaker 4: it all.
• 18:32
  Speaker 3: For the Timtam. As a fellow organized person, I feel
• 18:35
  Speaker 3: like that is a really undervalued skill. We don't often
• 18:39
  Speaker 3: hear people say when we ask them this question, Oh,
• 18:42
  Speaker 3: my best skill or my best hack is that I
• 18:45
  Speaker 3: have visibility. And visibility is so important because if you
• 18:49
  Speaker 3: can't see, if you don't know what you've got coming
• 18:52
  Speaker 3: in and going out. I feel like you don't have
• 18:54
  Speaker 3: the foundation to set up those really good habits like
• 18:57
  Speaker 3: paying off your debt or making your saving. So I
• 19:00
  Speaker 3: think that's a really really good ENDFI.
• 19:02
  Speaker 5: Yeah, and it's nice to feel that if some month
• 19:05
  Speaker 5: I've got a lot on and you know, I've got
• 19:08
  Speaker 5: friends getting married and you know those are bigger expensive
• 19:11
  Speaker 5: and like bigger birthdays with my family, that I'm not
• 19:14
  Speaker 5: hurting my I'm still putting savings aside. But even if
• 19:18
  Speaker 5: it's less like I'm still that's okay. Like if it's
• 19:21
  Speaker 5: a couple hundred dollars less than the previous month, at
• 19:24
  Speaker 5: least I'm still saving. Rather than if I never checked.
• 19:27
  Speaker 5: I feel like I'd just be like, oh, well, I've
• 19:29
  Speaker 5: got all these expenses this month, so I won't even bother.
• 19:31
  Speaker 4: Yeah, it's a good mindset to have. I really like that.
• 19:35
  Speaker 4: Next question, though, is the exact opposite. Money Diarist, what's
• 19:39
  Speaker 4: your worst money?
• 19:40
  Speaker 5: Havebit a little bit of treat yourself sometimes when you know,
• 19:47
  Speaker 5: maybe a couple of weeks ago, I've bought something that
• 19:50
  Speaker 5: I've wanted for a long time, and then on occasion,
• 19:53
  Speaker 5: especially if things are on sale, I'm like, well that's
• 19:55
  Speaker 5: really good. I really like that and that's going to
• 19:58
  Speaker 5: serve a good purpose for me. But I probably could
• 20:02
  Speaker 5: wait another couple of weeks. But I think when things
• 20:04
  Speaker 5: are on sale, I'm like, Okay, I'll get it now
• 20:06
  Speaker 5: because I'll be saving this extra money.
• 20:08
  Speaker 4: But that's not the worst thing. If it's a super
• 20:11
  Speaker 4: planned purchase, right, Like, that's not bad at all. I think,
• 20:15
  Speaker 4: in fact, that's a pretty good money habit. I mean, obviously,
• 20:17
  Speaker 4: when it comes to cash flow, it might not be
• 20:19
  Speaker 4: putting you in the best possible position. But if you're like,
• 20:22
  Speaker 4: I'm gonna buy this in a few weeks anyway, and
• 20:24
  Speaker 4: it's on tail now, I'm like, that's a money we in,
• 20:26
  Speaker 4: is it not? Maybe into.
• 20:32
  Speaker 1: Yeah, just getting a lot better?
• 20:35
  Speaker 4: Yeah, all right, money Diaris. Last question before we go
• 20:39
  Speaker 4: to a bit of a break is what grade would
• 20:42
  Speaker 4: you give yourself if we forced you to give your
• 20:45
  Speaker 4: money habits A grade?
• 20:47
  Speaker 1: I would say a bee. I've progressed a lot.
• 20:50
  Speaker 5: I made a lot of changes to my mindset, but
• 20:55
  Speaker 5: I think I've.
• 20:55
  Speaker 1: Got ways to go.
• 20:56
  Speaker 5: I have some big goals with wanting to buy a house,
• 20:59
  Speaker 5: and I want to be able to keep saving as well.
• 21:01
  Speaker 5: So I really only felt like the last six months
• 21:05
  Speaker 5: I've been able to save over the last couple of years,
• 21:07
  Speaker 5: so I really want to keep those habits for the future.
• 21:11
  Speaker 4: Oh, I really like that. All Right, I have a
• 21:13
  Speaker 4: whole heap of questions for you after this really quick break.
• 21:17
  Speaker 4: All right, we are back and money dirist, I want
• 21:20
  Speaker 4: to get into it. You said that your parents divorced
• 21:23
  Speaker 4: when you were quite young. They went their separate ways,
• 21:25
  Speaker 4: started their own families, and your mum had seven kids
• 21:30
  Speaker 4: in total in the end, which would put a financial
• 21:33
  Speaker 4: squeeze on anybody, right, Like that is a lot of
• 21:36
  Speaker 4: those are a lot of mouths to feed. How did
• 21:40
  Speaker 4: that work day to day? And as a kid growing
• 21:43
  Speaker 4: up in that situation, Like, did you feel pressure? How
• 21:46
  Speaker 4: did that make you feel?
• 21:47
  Speaker 5: So, my mom was with someone from when I was
• 21:50
  Speaker 5: five till I was twelve, So my mother had me
• 21:53
  Speaker 5: and my sister and he had three and then they
• 21:55
  Speaker 5: had two together. So I definitely felt when I was
• 21:59
  Speaker 5: like thirty, even though she had separated from him, I
• 22:02
  Speaker 5: just wanted my own money and I wanted to work
• 22:04
  Speaker 5: and just be able to buy things for myself because
• 22:07
  Speaker 5: I know there was a lot of pressure on her.
• 22:09
  Speaker 5: So I guess when I was younger, I really wondered,
• 22:13
  Speaker 5: like how she was affording to like look after all
• 22:16
  Speaker 5: of us.
• 22:17
  Speaker 1: She also didn't.
• 22:17
  Speaker 5: Work for a period of time, so I didn't realize
• 22:21
  Speaker 5: at the time, because I was young, that she was
• 22:23
  Speaker 5: getting benefits to help with us. And then I would
• 22:28
  Speaker 5: go over to my dad's house and everything would be
• 22:31
  Speaker 5: looked after for us, and we went on holidays and
• 22:34
  Speaker 5: that was really that was really great, and we enjoyed
• 22:37
  Speaker 5: that a lot. But I didn't feel that we were
• 22:40
  Speaker 5: putting strain on my dad and his wife at the time.
• 22:44
  Speaker 4: And did you feel that you were putting I mean,
• 22:47
  Speaker 4: just based on your language, did you feel that you
• 22:49
  Speaker 4: were putting strain on your mum? And if so, how
• 22:52
  Speaker 4: did you, I guess as a young kid operate in
• 22:55
  Speaker 4: those different situations.
• 22:57
  Speaker 1: Well, I just knew as.
• 22:58
  Speaker 5: Soon as I could work, I would, So I got
• 23:00
  Speaker 5: my first job when I was just under fifteen, a
• 23:05
  Speaker 5: baker's Delight, and I was very true so happy to
• 23:09
  Speaker 5: have my own money and just be able to like
• 23:11
  Speaker 5: buy the clothes and things that I wanted and CDs.
• 23:15
  Speaker 5: I definitely knew that at Dad's place he would have
• 23:19
  Speaker 5: more capability to like buy me bigger things or bigger
• 23:22
  Speaker 5: ticket items. Rather than asking my mum. I definitely leaned
• 23:27
  Speaker 5: on my dad more to help me with the things
• 23:31
  Speaker 5: that I wanted. But they were they also did work
• 23:34
  Speaker 5: really well together as like co parenting, So they did,
• 23:38
  Speaker 5: you know, split all of our school fees, braces car
• 23:42
  Speaker 5: driving lessons and things like that and going you know,
• 23:45
  Speaker 5: school camps and things. So they did make that fifty
• 23:48
  Speaker 5: to fifty, So I really like I've kept that with
• 23:50
  Speaker 5: me so with my partner at the moment, we have
• 23:53
  Speaker 5: a similar income, so everything's fifty to fifty between us,
• 23:56
  Speaker 5: and I really value that a lot. But I know
• 24:00
  Speaker 5: that it was just it was a lot easier on
• 24:02
  Speaker 5: my dad's side from what I knew, which probably wasn't
• 24:05
  Speaker 5: a lot because money wasn't really spoken about heavily in
• 24:08
  Speaker 5: either of our families except from my mum, but I
• 24:11
  Speaker 5: knew she was a lot more stressed about it.
• 24:13
  Speaker 3: So it sounds like they worked really hard to make
• 24:17
  Speaker 3: that work for you guys, with those two very different
• 24:20
  Speaker 3: dear styles, which I think.
• 24:21
  Speaker 4: Is really special.
• 24:22
  Speaker 3: With a situation like that where one family could potentially
• 24:26
  Speaker 3: afford to give you more or be a little more comfortable,
• 24:29
  Speaker 3: there would have been a huge potential for that to
• 24:31
  Speaker 3: put a strain on that relationship, so I think it's
• 24:34
  Speaker 3: so admirable and really worth highlighting that they worked through
• 24:39
  Speaker 3: that to do as much as they could for you
• 24:41
  Speaker 3: guys within the bounds of their own means.
• 24:44
  Speaker 4: Yeah, Yeah, that's really special. I like that because often,
• 24:47
  Speaker 4: you know, once a couple divorces, like there's a personal
• 24:51
  Speaker 4: level of that. So sometimes they don't work as well
• 24:54
  Speaker 4: together or there's something going on, but it's nice to
• 24:58
  Speaker 4: know that they were harmonious. Can we pivot the conversation
• 25:01
  Speaker 4: to talking about wills and estate planning for a hot
• 25:06
  Speaker 4: You know, when your father passed away, was that an
• 25:10
  Speaker 4: expected thing or was it an absolute shock?
• 25:12
  Speaker 3: Like?
• 25:12
  Speaker 4: Can you tell us a little bit about that process.
• 25:16
  Speaker 1: It was a pretty big shock.
• 25:18
  Speaker 5: So he had been unwell for quite some time, so
• 25:24
  Speaker 5: he went through a second divorce. He had previously struggled
• 25:28
  Speaker 5: with alcoholism, and I think that was just really the
• 25:31
  Speaker 5: kind of the last straw for him and he moved away.
• 25:37
  Speaker 5: So he moved up to Queensland, so we just didn't
• 25:40
  Speaker 5: have the same connection. And I think I was really
• 25:42
  Speaker 5: upset that my life had kind of turned upside down
• 25:46
  Speaker 5: because he had been with his wife at the time
• 25:48
  Speaker 5: for fifteen years and since I was five, so it
• 25:51
  Speaker 5: really did feel like parents separating. And they had two
• 25:55
  Speaker 5: younger daughters together, who I love very dearly and are
• 25:58
  Speaker 5: very close to. So I was really upset with him
• 26:01
  Speaker 5: for leaving and not giving them the same childhood experience
• 26:05
  Speaker 5: that I had.
• 26:06
  Speaker 4: Well, that's really sweet that that's how you viewed it,
• 26:09
  Speaker 4: like it was obviously your dad's leaving and that's changed
• 26:12
  Speaker 4: for you. But it was because they wouldn't get the
• 26:14
  Speaker 4: experience that you got with him.
• 26:16
  Speaker 5: Yeah, and he was a really wonderful dad. He could
• 26:20
  Speaker 5: definitely manage us. So he left and then we just
• 26:24
  Speaker 5: lost contact, and it upset me that he didn't want
• 26:28
  Speaker 5: to be around as much. But I think I really
• 26:30
  Speaker 5: just didn't know the extent of how living with an
• 26:33
  Speaker 5: addiction works and how much it changes a person's personality.
• 26:39
  Speaker 5: So when he passed away, I knew he wasn't probably
• 26:42
  Speaker 5: in the best place, but I didn't realize how severe
• 26:45
  Speaker 5: that it was, and neither did the rest of my family.
• 26:48
  Speaker 1: So yeah, it was a bit. It was a big
• 26:51
  Speaker 1: shock to us.
• 26:52
  Speaker 4: That's really awful, but that's how it sometimes works for
• 26:55
  Speaker 4: some people. An addiction is it's not easy to hide
• 26:59
  Speaker 4: but people with it work incredibly hard oh to shelter
• 27:02
  Speaker 4: you from that so that you might not And as
• 27:05
  Speaker 4: you said, you didn't know the full extent of it.
• 27:07
  Speaker 4: And I don't think that that's anyone's fault. It just
• 27:10
  Speaker 4: is what it is. But it's also there's a level
• 27:13
  Speaker 4: of denial in these things as well. So he didn't
• 27:15
  Speaker 4: think it was as bad as it was. He didn't
• 27:17
  Speaker 4: know that that was going to be the case. And
• 27:20
  Speaker 4: you know, when it comes to I guess the overlay
• 27:23
  Speaker 4: of wills and estate planning, you're already grieving, like you're
• 27:26
  Speaker 4: already having a really shitty time to then find out
• 27:30
  Speaker 4: you have to go through this entire process of like
• 27:33
  Speaker 4: claiming a will. What was that like and how did
• 27:36
  Speaker 4: you find out that it would be that hard?
• 27:39
  Speaker 5: I didn't find out it would be that hard until
• 27:41
  Speaker 5: I was in it, and once it had started. So
• 27:45
  Speaker 5: he had a will of from when he was married,
• 27:48
  Speaker 5: and then once he had his second divorce, he didn't
• 27:51
  Speaker 5: update it, which was what caused the issue. So when
• 27:56
  Speaker 5: you divorce from somebody and if they're in your will,
• 27:59
  Speaker 5: it treats them like they've died. So the first schedule
• 28:03
  Speaker 5: of his will is like everything will go to my wife,
• 28:05
  Speaker 5: so that was void.
• 28:07
  Speaker 1: And then the second.
• 28:07
  Speaker 5: Part of the world was for his four daughters, including me,
• 28:12
  Speaker 5: and because in the will it looked like that my
• 28:16
  Speaker 5: younger sisters wouldn't have any parents and that they would
• 28:19
  Speaker 5: be orphans because it treated like his.
• 28:23
  Speaker 4: Expension like she had died.
• 28:26
  Speaker 5: So the majority of this estate went to them, and
• 28:30
  Speaker 5: we didn't feel like it was a fair split between
• 28:34
  Speaker 5: us because now all four children had one.
• 28:36
  Speaker 4: Parent each, Yeah, and they both had a mum still around. Yeah,
• 28:40
  Speaker 4: that was it was just the legalities and the way
• 28:43
  Speaker 4: the legals work and split it. It's crazy to think
• 28:46
  Speaker 4: that that is how it is, and you would think,
• 28:48
  Speaker 4: wellias are smart, they'd be able to have that conversation,
• 28:51
  Speaker 4: but they have to adhere to what the law says, right, Yeah.
• 28:55
  Speaker 1: So we asked my sister's mother.
• 28:58
  Speaker 5: We're like, look, we think that the will should, like
• 29:01
  Speaker 5: his estate should be split more fairly between us. This
• 29:06
  Speaker 5: was quite recently after he'd passed away. I think maybe
• 29:09
  Speaker 5: after two months. That's what we decided on. And then
• 29:13
  Speaker 5: as time went on, we started to get in contact
• 29:17
  Speaker 5: with lawyers and started the process and they advised us
• 29:20
  Speaker 5: that we were going to need a deed to amend
• 29:25
  Speaker 5: this to show that yes, we had all agreed with
• 29:27
  Speaker 5: each other, and that's what took a really long time.
• 29:30
  Speaker 5: My sister's mother kind of took back what she said
• 29:34
  Speaker 5: and she wasn't happy with the even split anymore. So
• 29:39
  Speaker 5: then we had to get our own separate lawyers and
• 29:42
  Speaker 5: then that was a long process and then come to
• 29:45
  Speaker 5: an agreement together. So that was a lot of pushing, yeah,
• 29:50
  Speaker 5: and stress. Yeah, and we all know like that he
• 29:54
  Speaker 5: would want the four of us just to have it
• 29:57
  Speaker 5: as even as possible. Yeah, because our testamentary trust were
• 30:00
  Speaker 5: you can't access it until you're twenty five, and I
• 30:04
  Speaker 5: was just twenty four at the time, so I didn't
• 30:08
  Speaker 5: have long to go, but my youngest ones had a
• 30:11
  Speaker 5: very long time there. And to us, we're like, well,
• 30:14
  Speaker 5: that's at least ten fifteen years where you're able to
• 30:17
  Speaker 5: invest that.
• 30:18
  Speaker 4: Yeah, that's fair, and I would have to because testamentary
• 30:22
  Speaker 4: trusts are very hard to argue with. You would have
• 30:24
  Speaker 4: to keep that in cash, Like if that was the
• 30:27
  Speaker 4: case where you're correct, like if you amend that, they
• 30:30
  Speaker 4: could invest it in the interim. So it's a really
• 30:34
  Speaker 4: fickle part of the law and a part of you
• 30:38
  Speaker 4: know life that people don't think about, and it is
• 30:41
  Speaker 4: really stressful and it is really complicated. So my friend,
• 30:45
  Speaker 4: what ended up happening is it now evenly split? Is
• 30:48
  Speaker 4: everybody in the best possible position.
• 30:51
  Speaker 5: So we decided to split it sixty forty So my
• 30:55
  Speaker 5: two youngest ones have thirty percent each, and then myself
• 30:57
  Speaker 5: and my sister we have twenty percent each.
• 31:01
  Speaker 4: And how I'm going to be so pervy? How did
• 31:04
  Speaker 4: you come to that as being a fair split when
• 31:08
  Speaker 4: just before you said my dad would want it even so.
• 31:11
  Speaker 5: In the will, originally it was seventy thirty, so right,
• 31:14
  Speaker 5: it wasn't too far off, but it wasn't fifty to fifty,
• 31:18
  Speaker 5: So I just that's what we pushed for.
• 31:21
  Speaker 4: So, yeah, that's fair. It's just interesting to understand the splay. Yeah,
• 31:25
  Speaker 4: not being too person.
• 31:26
  Speaker 5: No no, no, no, it's good for people to learn
• 31:29
  Speaker 5: about like this is this is what can happen absolutely
• 31:33
  Speaker 5: in a line.
• 31:33
  Speaker 4: And then to take it another layer further, your dad's estate,
• 31:38
  Speaker 4: what was it made up of? Was it just cash?
• 31:41
  Speaker 4: Was it cash and assets like properties? Was there a
• 31:45
  Speaker 4: life insurance or an insurance component to this that needed
• 31:48
  Speaker 4: to be paid out? And how did the semantics of
• 31:51
  Speaker 4: all of that happen.
• 31:53
  Speaker 5: So it was superannuation, which was the majority of it
• 31:59
  Speaker 5: because he'd worked for university.
• 32:01
  Speaker 4: We have nice super He did have.
• 32:03
  Speaker 5: Nice super ah, and then he had a dad. Yeah,
• 32:08
  Speaker 5: he had a small unit. And then he had some
• 32:11
  Speaker 5: cash as well. But most of the cash, I reckon
• 32:14
  Speaker 5: was taken up by just managing the estate and yeah,
• 32:18
  Speaker 5: and legal fees.
• 32:19
  Speaker 4: Yeah, and that's something that you just don't realize that's
• 32:22
  Speaker 4: such an expensive process. Like people who are like, oh,
• 32:25
  Speaker 4: it doesn't matter if we don't have a wheel, Like, yes,
• 32:28
  Speaker 4: it does.
• 32:29
  Speaker 6: Yeah.
• 32:29
  Speaker 4: In fact, a clean clear will would have saved you, guys,
• 32:32
  Speaker 4: not only three years, but a whole heap of headaches
• 32:36
  Speaker 4: and admin and legal conversations that you needed to wrap
• 32:39
  Speaker 4: your head around and the stress of being like I
• 32:41
  Speaker 4: don't understand it. Is someone screwing me over here? Like
• 32:44
  Speaker 4: do I get it? Do I not get it? Are
• 32:46
  Speaker 4: they operating my best interests? Like were you comfortable through
• 32:50
  Speaker 4: that process? Like how did you manage it personally? And
• 32:53
  Speaker 4: so you were okay?
• 32:53
  Speaker 1: Now there was a lot of meltdowns.
• 32:57
  Speaker 4: I'm not surprised.
• 32:58
  Speaker 1: Yeah.
• 32:59
  Speaker 5: I used to work with someone who was in family law,
• 33:01
  Speaker 5: so that was really helpful just to be able to
• 33:03
  Speaker 5: ask her questions. And then the lawyers that we had
• 33:06
  Speaker 5: my sister and I as beneficiary. She was really great
• 33:10
  Speaker 5: and made sure that we were comfortable and we understood
• 33:14
  Speaker 5: everything that was going on, and then gave us scenarios
• 33:16
  Speaker 5: as well. So she did, you know, make it very
• 33:19
  Speaker 5: clear if you're going to contest this will and you
• 33:24
  Speaker 5: don't want it the way it is, the most likely
• 33:27
  Speaker 5: thing is that their fees are just going to eat
• 33:29
  Speaker 5: up all of your Yeah, and she's like, so it
• 33:32
  Speaker 5: would be best to try and have just be able
• 33:35
  Speaker 5: to work it out together.
• 33:36
  Speaker 4: So yeah, that's fair, that's fair.
• 33:39
  Speaker 3: Oh my gosh, I'm so sorry that you had this experience.
• 33:43
  Speaker 3: I just want to say through an already really traumatic
• 33:47
  Speaker 3: time dealing with that unexpected death, and I just wanted
• 33:50
  Speaker 3: to say thank you for sharing such personal intimate information
• 33:54
  Speaker 3: about the process, because, as you said, I think it's
• 33:57
  Speaker 3: something that people just really do not it sect to
• 34:00
  Speaker 3: deal with, and particularly if you're younger, you kind of go, oh, like,
• 34:04
  Speaker 3: don't figure it out, it'll be fine, like I'm sure
• 34:08
  Speaker 3: it'll be all good, and they maybe don't consider the
• 34:11
  Speaker 3: ramifications that that has on the loved ones that you
• 34:13
  Speaker 3: leave behind. So I think that this story that you've
• 34:17
  Speaker 3: shared with us will really be a little bit of
• 34:19
  Speaker 3: kick up the butt to some people, including me, who
• 34:22
  Speaker 3: need to get a little in order and make sure
• 34:24
  Speaker 3: that things are all sorted out. So thank you so
• 34:27
  Speaker 3: so much.
• 34:28
  Speaker 1: You're so welcome.
• 34:29
  Speaker 3: If anyone does need a little bit more insight intervals,
• 34:32
  Speaker 3: as we said at the top, we did cover that
• 34:34
  Speaker 3: not too long ago. Also have a search through the
• 34:36
  Speaker 3: feed for more information. There's also some really great government
• 34:39
  Speaker 3: resources out there that will link in the show notes
• 34:41
  Speaker 3: that you can look into.
• 34:42
  Speaker 6: Yeah, and one thing that I want to say this
• 34:44
  Speaker 6: has been again yess is absolutely correct. Thank you for
• 34:48
  Speaker 6: sharing that because it's not when it's not easy to
• 34:51
  Speaker 6: talk about, but it's such an intimate part, Like I'm
• 34:54
  Speaker 6: asking about how your father passed away and what that
• 34:57
  Speaker 6: looked like and how that worked, and it's a lot.
• 35:00
  Speaker 6: But it's also so powerful for the community to hear that,
• 35:03
  Speaker 6: because often when we have a friend going through a
• 35:05
  Speaker 6: similar situation, you're like, what was the real process?
• 35:08
  Speaker 4: Like you just know that they're working it out, Like
• 35:11
  Speaker 4: you're not going to ask those pervy questions because usually
• 35:14
  Speaker 4: you're like, I don't want to pry. I don't want to,
• 35:16
  Speaker 4: you know, overstep my muk. I just need to make
• 35:18
  Speaker 4: sure that they're okay. And this story I think is
• 35:21
  Speaker 4: going to really help so many people see that. It's
• 35:24
  Speaker 4: not just you know, me a financial advisor being like
• 35:27
  Speaker 4: it's important get your will in order, but it genuinely
• 35:31
  Speaker 4: is so important to place a value on this, not
• 35:34
  Speaker 4: just for you, but also for your family, because you
• 35:37
  Speaker 4: don't want to put your family through unnecessary stress.
• 35:40
  Speaker 5: It's for your family. It's to make a really horrible
• 35:43
  Speaker 5: time for them so much easier and stress very So
• 35:46
  Speaker 5: I really would encourage everyone to get one.
• 35:49
  Speaker 4: Yes, exactly exactly, all right, well money diarist, I do
• 35:54
  Speaker 4: think that is all we have time for today with
• 35:56
  Speaker 4: FIM recording for ages. Again, thank you for joining us.
• 36:00
  Speaker 4: But just before we head off, as always, we'd like
• 36:03
  Speaker 4: to acknowledge and pay respect to Australia's Aboriginal and Torres
• 36:06
  Speaker 4: Strait island of People's. They're the traditional custodians of the lands,
• 36:10
  Speaker 4: the waterways and the skies all across Australia. We thank
• 36:14
  Speaker 4: you for sharing and for caring for the land on
• 36:16
  Speaker 4: which we are able to learn. We pay respects to
• 36:19
  Speaker 4: elders past and present, and we share our friendship and
• 36:21
  Speaker 4: our kindness, and the.
• 36:23
  Speaker 3: Advice shared on Cheese on the money is generally nature
• 36:25
  Speaker 3: and does not consider your individual circumstances. She's on the money.
• 36:29
  Speaker 3: Is this purely for educational purposes and should not be
• 36:32
  Speaker 3: relied upon to make an investment or financial decision. And
• 36:35
  Speaker 3: we promise Victoria Divine is an authorized representative of Infocused
• 36:38
  Speaker 3: Securities Australia Proprietary Limited ABN four seven oh nine seven
• 36:43
  Speaker 3: seven nine seven zero four nine AFSL two three six
• 36:46
  Speaker 3: five two three.
• 36:47
  Speaker 4: I'm not used to that yet, jess it, that's a
• 36:49
  Speaker 4: little more weird. I'll get baby next week. Say later, guys.
• 36:53
  Speaker 3: Bye,