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Life After Two Financial Separations · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
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Speaker 1: Order Kerni Whoalbury and a waddery woman. And before we
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Speaker 1: get started on She's on the Money podcast, I would
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Speaker 1: like to acknowledge the traditional custodians of the land of
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Speaker 1: which this podcast is recorded on a wondery country, acknowledging
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Speaker 1: the elders, the ancestors and the next generation coming through
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Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
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Speaker 1: the storytelling of you to make a difference for today
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Speaker 1: and lasting impactful tomorrow.
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Speaker 2: Let's get into it.
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Speaker 3: She's on the Money. She's on the Money.
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Speaker 4: Hello, and welcome to She's on the Money podcast for
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Speaker 4: millennials who want financial freedom. Welcome back to another one
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Speaker 4: of our money daries, where I get the absolute pleasure
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Speaker 4: of sitting down and talking to one of our She's
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Speaker 4: on the Money community members all about the nitty gritty
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Speaker 4: of their money story. Let's jump straight into it, because
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Speaker 4: this week I got an email and it sounded exactly
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Speaker 4: like this, Dear She's on the Money. My money journey
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Speaker 4: definitely has had its ups and downs. I started working
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Speaker 4: for my parents at just six years old and eventually
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Speaker 4: spent eighteen years in hospitality. Along the way, I inherited
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Speaker 4: some bad money habits from my parents and went through
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Speaker 4: two financial separations that really set me back. Despite all
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Speaker 4: of this, I've managed to turn things around. I now
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Speaker 4: work in a government job and have just landed a promotion.
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Speaker 4: I own three investment properties and a small cafe in
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Speaker 4: a regional town. At forty four years old, I'm finally
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Speaker 4: focused on setting up for retirement. I wish I'd had
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Speaker 4: the financial guidance She's on the Money office when I
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Speaker 4: was younger. It would have made a really big difference.
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Speaker 4: But I've learned that no matter where you are in
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Speaker 4: your journey, it's never too late to start fresh, and
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Speaker 4: you can do it all on your own money. Diarist,
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Speaker 4: this sounds like such an exciting and inspiring story. Why'd
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Speaker 4: you write in? Like did someone push you? Or you
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Speaker 4: Like I've been part of She's on the Money and
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Speaker 4: I just know that this is a good story, Like
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Speaker 4: how did you end up in our dms?
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Speaker 2: Just because I've been listening to She's on the Money
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Speaker 2: and I wish the advice and everything was around when
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Speaker 2: I was younger, and to just give people perspective that
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Speaker 2: you know it can turn it around, even if you
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Speaker 2: have a little rollercoaster rides and a few speed humps.
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Speaker 4: I love it. You're a business owner, your own investment properties.
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Speaker 4: You've been through two financial separations after that. Some people
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Speaker 4: would have been like, you know, what's never going to
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Speaker 4: happen for me, and bury their heads in the sand
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Speaker 4: and never think about finance and basically bury themselves. But
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Speaker 4: you didn't do that. You have turned it around. Before
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Speaker 4: we jump into it, can you tell me what would
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Speaker 4: you grade your money habits If I asked you to
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Speaker 4: give them a grade from A through to F.
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Speaker 2: I'll probably give themselves about a B plus, just purely
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Speaker 2: because of where I've come from. But I always see
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Speaker 2: that there's a room for improvement in anything.
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Speaker 4: All right, well, can you tell me a little bit
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Speaker 4: more about your money story. Let's dive into it together.
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Speaker 2: So, as I said, started working from my parents at
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Speaker 2: six when I was in a cleaning business. Didn't get
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Speaker 2: paid obviously at six years old.
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Speaker 4: Literal child slave labor. I like it.
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Speaker 2: It's not parents. Why you have children?
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Speaker 4: I don't But okay, I don't know how Harvey's going
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Speaker 4: to get involved in the podcast. But when there is
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Speaker 4: a will, there is a way yep.
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Speaker 2: And then got my first job fourteen and nine months
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Speaker 2: and then started in hospitality and spent the next eighteen
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Speaker 2: years in hospitality, having my own businesses, did a business degree,
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Speaker 2: and then midlife came and thought I'd try my hand
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Speaker 2: at another job and dived into a government job and
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Speaker 2: that was when I went through my first financial separation.
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Speaker 2: So at that point in time, had two properties and
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Speaker 2: so got one each, took on the dead each and
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Speaker 2: went our separate ways. Got my government based job and
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Speaker 2: then was city base, and then I got the chance
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Speaker 2: to go regional and it was a money financial move
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Speaker 2: because I got my house included in my package and
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Speaker 2: it was a lot of on call as well, so
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Speaker 2: I get the overtime. So it gave me the opportunity
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Speaker 2: to get saving again. And a year into my regional post,
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Speaker 2: I back to buying another property nearby in regional a coonique. Yeah,
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Speaker 2: so I got a little property and that's rented out
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Speaker 2: and then started another relationship siller enough and went into
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Speaker 2: the property game. I've always been property minded in terms
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Speaker 2: of you got to have the physical asset. That's what
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Speaker 2: I was taught when I was a kid. Bricks and mortar.
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Speaker 2: Put your money into the bricks and mortar kind of thing.
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Speaker 2: Everything tangible that you can see. So then got into
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Speaker 2: and bought another house with that partner that's now dissolved
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Speaker 2: and we're just going through financial separation now. So we
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Speaker 2: bought an investment property there and was renting that out.
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Speaker 2: Still renting it out now, but sittlement should happen in
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Speaker 2: the next couple of weeks.
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Speaker 4: And then so have you sold it to somebody else
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Speaker 4: or is this one of you bought? Yeah, okay, perfect, Yeah.
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Speaker 2: So they're buying me out. I'll get half the value
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Speaker 2: of that back. And funny enough, today mar I forgot
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Speaker 2: accepted on a property here.
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Speaker 4: I am really congratulations. How exciting is that?
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Speaker 2: Yeah? So that's my next next morku is I'll move
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Speaker 2: into that because with my promotion, I'll lose my house.
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Speaker 4: Yeah, okay, all right, I mean promoted house loss. You
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Speaker 4: win some, you lose some, don't you.
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Speaker 2: Yeah, you got to take it win again.
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Speaker 4: I love it. So tell me a little bit more.
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Speaker 4: What made you go?
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Speaker 2: All right?
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Speaker 4: I want to get out of hospo. Eighteen years in
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Speaker 4: hospo is an innings like what made you go? I
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Speaker 4: want to absolutely do a one eighty and have a
5:42
Speaker 4: completely different career. Was it finance, was it value?
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Speaker 2: Was it? You know?
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Speaker 4: Where were we at? Mentally?
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Speaker 2: It was kind of a everyone's always right. You've always
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Speaker 2: got to have on the happy face and be there
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Speaker 2: and the shift work constantly. Even though I've gone back
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Speaker 2: into chiftwork again, it's a little bit different in this
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Speaker 2: job that I don't have to be there at the
6:02
Speaker 2: beck and call of everyone and you know, split shifts
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Speaker 2: and not making the money for myself in the end
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Speaker 2: because I didn't known the last businesses that I worked in.
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Speaker 2: So hospitality can be quite a low paying job unless
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Speaker 2: you own the premises and you manage it and run
6:18
Speaker 2: it yourself.
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Speaker 4: Like that, especially for a career.
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Speaker 2: Yeah, one hundred percent. Yeah. Yeah. So I started in hotels,
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Speaker 2: Yeah cool. Yeah, got out and did the jump and
6:27
Speaker 2: thought if it works in this new job, then great,
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Speaker 2: If it doesn't, like you can always get back to hospitality.
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Speaker 4: I love that. I feel like that's always been my
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Speaker 4: mentality as well. Like I spent years in hospitality, like
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Speaker 4: ten years, and then did like three different hospital jobs
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Speaker 4: while I was at UNI, and do you know what,
6:43
Speaker 4: I adored it, but it's so physically demanding as well,
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Speaker 4: because you're on your feet twenty four seven, whether you're
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Speaker 4: like waiting tables or doing coffee or doing something. You're
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Speaker 4: always running around. And I always think, if it doesn't
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Speaker 4: work out, like I was really good at that, I
6:55
Speaker 4: can go back to hospit. Like I feel like Hospo's
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Speaker 4: a bit of a family as well.
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Speaker 2: You can always get job.
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Speaker 4: Yeah, it's ten out of ten. So let's dive a
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Speaker 4: little bit further into it right now. I know you
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Speaker 4: work a government job. Tell me what do you do
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Speaker 4: for work? How much money do you earn?
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Speaker 2: So I'm a police officer currently send you comfortable and
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Speaker 2: getting promoted to a sergeant?
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Speaker 4: Oh that's so fancy.
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Speaker 2: So last year I took home one hundred and thirty
7:20
Speaker 2: thousand plus super.
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Speaker 4: Oh very nice. How did you get into being a
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Speaker 4: police officer?
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Speaker 1: Like?
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Speaker 4: How do you go?
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Speaker 2: All?
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Speaker 4: Right? HOSPO? I hate the customer is always right? I
7:32
Speaker 4: want to now be a cop? Like what does that
7:34
Speaker 4: career progression look like?
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Speaker 2: There's something I always wanted to do when I was younger,
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Speaker 2: but I didn't think I had the life experience to
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Speaker 2: be able to do that job, Like to go into
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Speaker 2: someone's house in their forties and tell them how to
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Speaker 2: run their life. And you've got a twenty year old
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Speaker 2: coming in to do that or to you know, console
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Speaker 2: you when someone's passed away. It's just I didn't have
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Speaker 2: the life experience. Really.
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Speaker 4: Yeah.
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Speaker 2: When I was running a cafe where I was, I
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Speaker 2: met a couple of boys at the play officers and
8:01
Speaker 2: we started training together doing CrossFit and they were like, nah,
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Speaker 2: you'll be fine, Like boost your confidence a little bit
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Speaker 2: and give it a go. You'll be fine at it.
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Speaker 2: And I'm like, you know what, what have we got
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Speaker 2: to lose?
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Speaker 4: Exactly? What did you have to lose? Literally nothing? Because
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Speaker 4: now you're a sergeant. Yes, isn't that cool? So you've
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Speaker 4: worked your way up I'm assuming relatively quickly, given it
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Speaker 4: was a complete career change. What does that average day
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Speaker 4: in the life look like when you're a cop.
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Speaker 2: Well, a lot of them now are in the early
8:30
Speaker 2: twenties that are coming through now. There is a big division.
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Speaker 2: There's a lot of guys that are that are my vintage,
8:36
Speaker 2: but they've been doing it for twenty odd years, whereas
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Speaker 2: I've only been doing it for coming up on nine years. Yeah,
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Speaker 2: so most cops kind of dissipate at nine or ten
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Speaker 2: years and leave the job at the moment.
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Speaker 4: Because it is mentally taxing doing that job like that,
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Speaker 4: that's a very big mental load. What does an average
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Speaker 4: day for you look like?
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Speaker 2: So? Yeah, car accidents, domestics, mental health is huge portion
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Speaker 2: of it. Your neighbor disputes your car, park brains, and
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Speaker 2: then just community policing because I'm in a regional area
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Speaker 2: and a small town of six hundred people. It's just
9:10
Speaker 2: making yourself available to them and making sure that they
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Speaker 2: can see you visibly and they know you're around and
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Speaker 2: you're approachable, and you get involved with the things they
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Speaker 2: do around town.
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Speaker 4: Yeah. How cool? And do you get a lot of
9:23
Speaker 4: fulfillment out of the job. While you're talking about it,
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Speaker 4: I can see that you like look quite proud of
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Speaker 4: what you're doing. Is is that right? Am I reading
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Speaker 4: this room correctly?
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Speaker 2: Yeah? One hundred percent. I love my job now, Yeah,
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Speaker 2: it's really good. So, I mean, the small town that
9:36
Speaker 2: I'm in is great.
9:37
Speaker 4: I love when people love their jobs.
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Speaker 2: This makes it easy to go to work every day.
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Speaker 4: Oh totally. So tell me a little bit more. You
9:44
Speaker 4: still own a cafe, so you're a cop during the
9:47
Speaker 4: day and then at night or in the morning, you're
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Speaker 4: running a cat. Like, how does all of that fit together,
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Speaker 4: because like, you're not just a cop, you're a business
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Speaker 4: owner as well.
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Speaker 2: Yeah, so I just prior to this, I just opened
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Speaker 2: the cafe. We close up one o'clo. So it's in
10:01
Speaker 2: the town that I'm in, so it's a small regional town,
10:04
Speaker 2: and they just didn't have anything here. There was nothing
10:07
Speaker 2: during the week to get a coffee or get a
10:09
Speaker 2: toasted sandwich or anything. So a girlfriend and I another
10:13
Speaker 2: police officer around the area, decided, let's give this a go.
10:17
Speaker 2: And we started just in a little mobile van in
10:20
Speaker 2: a park and now we're in a little permanent premises.
10:22
Speaker 2: We're open seven days a week and we hire three
10:25
Speaker 2: girls from town, so we try not to work in
10:28
Speaker 2: it much. I make all the pies and sausage rolls
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Speaker 2: and things.
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Speaker 4: Oh so you're giving back to the local community in
10:33
Speaker 4: more ways than one here.
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Speaker 2: Yeah, it's kind of become the mental health hub of
10:37
Speaker 2: the community because they don't have to go to the
10:39
Speaker 2: pub and have their chats. They come off their properties
10:41
Speaker 2: into town because we have to come into town to
10:43
Speaker 2: get our mail, so most people come into town and
10:45
Speaker 2: we're opposite the post office, so they come in and
10:48
Speaker 2: grab their coffee, grab their mail, have a chat with everyone.
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Speaker 2: And we opened in the middle of COVID, so it
10:52
Speaker 2: became everyone's hour of social interaction.
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Speaker 4: Oh that's so sweet. I love this, and I love
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Speaker 4: that you are kind of driving this, like protecting the
11:01
Speaker 4: local community but then also fostering literal community within the community.
11:06
Speaker 4: You must be one popular lady around town. I'm like,
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Speaker 4: I just know for sure you are. Tell me a
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Speaker 4: bit more. You've got some big money goals. What are they?
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Speaker 2: So obviously because of this promotional isma house, I'd like
11:18
Speaker 2: to have my own one that I actually live in
11:20
Speaker 2: this time instead of an investment property. I haven't had
11:23
Speaker 2: a one that I've lived in for over ten years
11:26
Speaker 2: now that I've been paying my own mortgage, So I'd
11:28
Speaker 2: like to smash that down and get it paid relatively quickly,
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Speaker 2: and then keep adding to my super to get that
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Speaker 2: topped up ready to hopefully retire in my fifties.
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Speaker 4: Retiring in your fifties is the dream. So you mentioned
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Speaker 4: that you've been through two financial separations. When those happened,
11:48
Speaker 4: did superannuation come into the conversation or was it just
11:51
Speaker 4: like the property stuff. For what did that look like?
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Speaker 2: Yeah, it was the property stuff and the cars and
11:55
Speaker 2: the fun toys, the boats and the caravan kind of thing.
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Speaker 2: Both occasions said no to touching super and no to
12:03
Speaker 2: touching each other's businesses, which were the big part of
12:06
Speaker 2: our lives.
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Speaker 4: Yes, smart, that's relatively respectful. It doesn't often happen that way.
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Speaker 2: No, No, not at all. And because there was no
12:14
Speaker 2: children involved, so it wasn't luck there was a separation
12:16
Speaker 2: of the custody issue and everything like that, and who's
12:19
Speaker 2: got to look after them? It was the dog and
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Speaker 2: that was it.
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Speaker 4: Yeah, there would have been a big fight for me
12:24
Speaker 4: over the dog, let's be honest, there was. But absolutely
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Speaker 4: that dog is mine.
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Speaker 2: I've got my own baby now, so I'm quite content.
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Speaker 4: I love that. All right, let's go to a really
12:34
Speaker 4: quick break on the flip side. I want to know
12:36
Speaker 4: more about these investment properties that you've built up. We're
12:39
Speaker 4: going to talk dead and I want to know the
12:41
Speaker 4: best and worst money habits that a cop has, So
12:43
Speaker 4: don't go anywhere money diarist. We are back, and you
12:50
Speaker 4: have three investment properties, you own your own cafe, and
12:55
Speaker 4: you have a full time job. Tell me more about
12:57
Speaker 4: these investment properties and whether you invest in other areas.
13:01
Speaker 4: I'm assuming no because you said that you like earlier
13:04
Speaker 4: investing in physical things, like you really like the bricks.
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Speaker 2: And wat Yeah. So I bought first bloc land when
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Speaker 2: I was twenty two and build a house on that
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Speaker 2: with my first partner, and I've still got that house.
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Speaker 2: I kept that in the separation, so that is valued.
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Speaker 2: It'd a value the other day one point one. Oh okay,
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Speaker 2: the dead on that's four ninety eight and it's rented
13:24
Speaker 2: for nine twenty a week.
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Speaker 4: Okay, so in my head, the quick maths tells me
13:30
Speaker 4: that that rent actually covers the mortgage. Is that correct?
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Speaker 2: Yes, that's correct.
13:34
Speaker 4: Oh very nice. I like that. Tell me about the
13:38
Speaker 4: second property, second.
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Speaker 2: One, I bought four two fifty, but it's now m
13:43
Speaker 2: valued at four forty. The mortgage on it's two seventy
13:46
Speaker 2: five because I did some reno's and that's rented at
13:50
Speaker 2: three fifty a week.
13:51
Speaker 4: Okay, all right, that's pretty good. So you're tipping a
13:53
Speaker 4: bit of cash into that one, but it probably evens
13:57
Speaker 4: out with the first property.
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Speaker 2: Yeah pretty much. Yeah?
14:00
Speaker 4: Cool? Cool. Number three and.
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Speaker 2: Number three is the one that I'm about to we're
14:04
Speaker 2: about to split and separate. That one is valued at
14:08
Speaker 2: three twenty five there's no mortgage on that, and the
14:12
Speaker 2: rent that we get is four fifty a week.
14:15
Speaker 4: Oh okay, that's really nice. But you're being bought out,
14:18
Speaker 4: so you're going to get half of that. So you
14:19
Speaker 4: get what one one fifty one sixty.
14:22
Speaker 2: Yeah, one sixty two and a half yeah.
14:24
Speaker 4: Yeah, okay. And then you just said earlier that you've
14:27
Speaker 4: just been accepted on another property. What does that look like?
14:30
Speaker 2: So that's four hundred and thirty thousand. So I'm just
14:33
Speaker 2: working with my broker at the moment as to what
14:35
Speaker 2: we do in terms of the loan situation.
14:38
Speaker 4: And are you sitting on any cash for that or
14:40
Speaker 4: are you expecting to use the sale of the three
14:43
Speaker 4: twenty five k property to kind of fund that.
14:46
Speaker 2: Bit of both. I've got thirty five thousand in savings
14:50
Speaker 2: sitting there.
14:51
Speaker 4: Okay, very nice.
14:53
Speaker 2: Might use that, but we'll see how we go.
14:56
Speaker 4: Yeah, very cool. And you have this business, what kind
14:59
Speaker 4: of I guess debt exists in a business? Like, what
15:02
Speaker 4: type of investment was necessary? What does that look like?
15:05
Speaker 2: So we both put in five hundred dollars each.
15:08
Speaker 4: To start only five hundred dollars each yep, like a
15:11
Speaker 4: week a month in total.
15:12
Speaker 2: No, No, that was in total to start it up.
15:14
Speaker 2: My gosh, there's no debt for the business. Last year
15:18
Speaker 2: it took one hundred and seventy five thousand in turnover. Yeah,
15:23
Speaker 2: very cool, and twenty thousand in profit.
15:26
Speaker 4: Yeah, very cool. Do you know what in the first
15:28
Speaker 4: year even having any profit is very impressive.
15:31
Speaker 2: Yeah, it's done pretty well. I'm very surprised at how
15:34
Speaker 2: it went to.
15:34
Speaker 4: Be honest, I love that. But also I know you're
15:37
Speaker 4: saying you're surprised, but are you Your community didn't have
15:40
Speaker 4: that hub and now it does and people come around that, like,
15:44
Speaker 4: I just think that that makes so much sense.
15:47
Speaker 2: It's been great support from the community. So we're just
15:50
Speaker 2: expanding now to We've bought a van like a trailer
15:54
Speaker 2: to go on the back of my ute to expand
15:57
Speaker 2: into the mobile area again.
15:59
Speaker 4: Oh how good. So with that, will you do events
16:02
Speaker 4: and stuff like that or are you going to I
16:04
Speaker 4: don't know what's the plan.
16:06
Speaker 2: Well, there's a lot of paddic weddings out here, so
16:09
Speaker 2: we do a lot of the corning after yes, so smart.
16:12
Speaker 2: You know, the sporting tournaments and things like that around
16:16
Speaker 2: each little regional area and festivals that they have. So
16:20
Speaker 2: we just pick and choose the days that we're going
16:21
Speaker 2: to do it, and we request those days to have
16:25
Speaker 2: off police work to be able to take that out.
16:27
Speaker 4: I love that you've found a way to make it
16:29
Speaker 4: work altogether. Like that is not what I expected in
16:32
Speaker 4: my head. And I know that being in the police
16:34
Speaker 4: force is a super demanding job. I just assumed that
16:37
Speaker 4: having another job as a police person would be really challenging.
16:41
Speaker 4: And I'm sure that you make it work. But was
16:44
Speaker 4: that something that you had to put forward to them
16:46
Speaker 4: and be like, this is the type of business I
16:48
Speaker 4: want to run. Is that okay with you guys, because
16:50
Speaker 4: I'm assuming there'd be some rules around that.
16:52
Speaker 2: Yeah. Absolutely. I had to go through secondary employment applications
16:56
Speaker 2: and put down everything that I was going to do
16:58
Speaker 2: and make sure there's no conflict of interest in relation
17:01
Speaker 2: to it. And I think it bridge the gap between
17:04
Speaker 2: the police and the community out here anyway, to be
17:06
Speaker 2: able to see that where you know, we're normal human beings.
17:09
Speaker 2: But most police officers have a little side hustle really, yeah,
17:13
Speaker 2: because you do twelve hour shifts and you have four
17:16
Speaker 2: twelve hour shifts and then you get three or four
17:18
Speaker 2: days off. You've got time to do stuff. So out here,
17:21
Speaker 2: it's a lot of people have farms, so they do
17:23
Speaker 2: their farm, sell the cattle and cheap. A lot of
17:27
Speaker 2: other guys are tradees, so they have the little handyman
17:29
Speaker 2: job or their landscaping job on the weekends and just
17:32
Speaker 2: work it around that.
17:33
Speaker 4: That's so cool. So you're telling me that police people
17:37
Speaker 4: are literally the ultimate hustlers they can. I love this.
17:41
Speaker 4: So earlier you mentioned that you really like buying bricks
17:44
Speaker 4: and mortar, and I mean, you've proven that you have
17:46
Speaker 4: literally three investment properties at this point in time, and
17:49
Speaker 4: I'm sure that there are more to come. What about
17:51
Speaker 4: other types of investment? Is that something that you're interested
17:54
Speaker 4: in or you're like not, the property is for me,
17:57
Speaker 4: and clearly it's working.
17:58
Speaker 2: No, I've started because of she's on the money looking
18:01
Speaker 2: at shares and investing that way. So I've downloaded chasies,
18:05
Speaker 2: got my ten dollars, congrats, put one hundred in.
18:09
Speaker 4: How good? Wait, so you downloaded it, got free ten
18:11
Speaker 4: bucks and then you're like, I'm going to put one
18:12
Speaker 4: hundred dollars into this. So you are a shared investor.
18:15
Speaker 4: I love this.
18:16
Speaker 2: Now I've set up just an automatic transfer every payday
18:19
Speaker 2: to put one hundred dollars to start off with every
18:21
Speaker 2: fortnight and see how it goes from there.
18:25
Speaker 4: I love that. And is there like a bigger plan
18:27
Speaker 4: with that? Like, is you want an investment portfolio or
18:30
Speaker 4: are you just playing with it at the moment, playing.
18:32
Speaker 2: With it and learning? I'd say, because I don't really
18:35
Speaker 2: have much education in that space, so I'm kind of
18:38
Speaker 2: just playing and tinkering and seeing what I can do
18:41
Speaker 2: and how it works and kind of get my head
18:43
Speaker 2: around it.
18:44
Speaker 4: Yeah, that is so exciting. Tell me a bit more
18:47
Speaker 4: about debt. So you obviously have some mortgages, your first
18:50
Speaker 4: mortgages covering itself. The second is you're tipping a bit
18:54
Speaker 4: of cash into that each month, which is fine. The
18:57
Speaker 4: third one you're currently working out with your broker. Do
18:59
Speaker 4: you have any other debts outside of the property.
19:02
Speaker 5: No?
19:03
Speaker 4: Nothing, Well, very fancy. I love to see it. I
19:07
Speaker 4: feel like you've probably had some really good money habits.
19:10
Speaker 4: The fact that you have been through two financial separations
19:13
Speaker 4: and managed to along the way have your own businesses
19:16
Speaker 4: and now you currently have a cafe with your friend.
19:19
Speaker 4: You are currently owning three properties, like, that's not usually
19:23
Speaker 4: what you see from people who have been through two
19:25
Speaker 4: financial separations. Tell me about your best money habit, What
19:29
Speaker 4: do you reckon?
19:29
Speaker 2: That is probably budgeting knowing what's coming in and out
19:32
Speaker 2: of my bank account so every fortnight you get your
19:36
Speaker 2: pay and you know where it's going, and then putting
19:39
Speaker 2: the money into the mortgages when I can, when I
19:42
Speaker 2: know there's a bit left over, and knowing that you
19:44
Speaker 2: know you've got your rejo coming up, so throw that
19:46
Speaker 2: money aside and make sure that it's there.
19:48
Speaker 4: I love that, and I'm not surprised. I was like,
19:52
Speaker 4: you have to be good at budgeting to have one
19:54
Speaker 4: staged so on track, but to have achieved what you've achieved.
19:58
Speaker 4: On the flip side, is there something when it money
20:00
Speaker 4: that you're not so good at? What do you think
20:02
Speaker 4: is your worst money?
20:02
Speaker 2: You have it splurging on things like massages and nails
20:06
Speaker 2: too often because I work very hard, and I'll go
20:10
Speaker 2: to the city or whatever and or a bigger town
20:13
Speaker 2: and I'm like, ah, I've earnt this, I'll just have
20:16
Speaker 2: a sneaky hour massage.
20:19
Speaker 4: You absolutely have, though, Like you work hard and you
20:22
Speaker 4: earn good money and I'm always talking about enjoying the journey,
20:26
Speaker 4: Like who doesn't love a massage?
20:28
Speaker 2: Yeah, So just little things like that, just probably not
20:32
Speaker 2: so often. And the set and forget situation with like
20:36
Speaker 2: insurances and stuff. Once it's set, like I should be
20:40
Speaker 2: researching it every year. That's one of my goals for
20:42
Speaker 2: the year is to, you know, when they come up
20:44
Speaker 2: time for the policy to be renewed, actually sit down
20:47
Speaker 2: and take the time to have a bit of research
20:49
Speaker 2: and see if there's a better product out there instead
20:51
Speaker 2: of just letting it roll over.
20:52
Speaker 4: I just did that with my car insurance, and honestly,
20:56
Speaker 4: the year before I just assumed, Okay, it's going to
20:58
Speaker 4: be exactly the same, or like, I'm not going to
21:01
Speaker 4: worry about it, even though on the podcast I'm always
21:02
Speaker 4: telling people like check it's kind of like how the
21:05
Speaker 4: plumber always has a leaky tap. And I actually this
21:08
Speaker 4: year when it came through, I checked it and I
21:10
Speaker 4: changed it and I saved myself like six hundred bucks
21:12
Speaker 4: on car insurance. And now I'm kicking myself that I
21:15
Speaker 4: didn't do it last year.
21:16
Speaker 2: Yeah, but you did it anyway.
21:18
Speaker 4: Yeah so silly, but yes, I'm glad I did it.
21:20
Speaker 4: But I'm also like, m do as I say, not
21:22
Speaker 4: as I do, kind of vibes money darist. At the start,
21:26
Speaker 4: you said I'm a B plus, but then you went
21:28
Speaker 4: on to tell me so many cool things about you,
21:30
Speaker 4: and I just I don't know, is a B plus
21:32
Speaker 4: genuinely reflective? What would it take for you to get
21:36
Speaker 4: to an A plus? What would that look like?
21:38
Speaker 5: Oh?
21:38
Speaker 2: I just think there's always room for improvement. You can
21:40
Speaker 2: always do things a little bit better. So I guess
21:44
Speaker 2: getting this house and actually living in it and smashing
21:46
Speaker 2: down that mortgage would be good, and not going through
21:48
Speaker 2: a financial separation and another one would be great.
21:52
Speaker 4: Yeah, but I feel like you can't avoid that, And like, ah,
21:57
Speaker 4: I don't know what are you going to do? Never
21:58
Speaker 4: love again? That's not a good plan. That sucks, No,
22:02
Speaker 4: that absolutely sucks.
22:03
Speaker 2: Just maybe not buy property again with that person for
22:06
Speaker 2: a while.
22:07
Speaker 4: Yeah, Yeah, I feel like maybe we could just be
22:09
Speaker 4: a bit more cautious before we do that. But in
22:11
Speaker 4: saying that, like, you don't buy a house with someone
22:13
Speaker 4: because you go China, What I'm going to buy a
22:15
Speaker 4: house with you because we're probably going to separate in
22:17
Speaker 4: twelve months? Like, that's not how it works. You think
22:19
Speaker 4: it's the be all, end all, and you're like, we're
22:21
Speaker 4: creating wealth together. Like, I get it. We just have
22:24
Speaker 4: to be smart about it. And it sounds like you
22:26
Speaker 4: have been.
22:27
Speaker 2: Yeah, there was a plan and it just didn't work out,
22:28
Speaker 2: so we move on.
22:31
Speaker 4: Back to ground zero.
22:32
Speaker 2: I like it.
22:33
Speaker 4: I love it. I have loved this money diary. Thank
22:35
Speaker 4: you so much for spending so much time with me
22:38
Speaker 4: and getting everything up and running. I know you mentioned
22:41
Speaker 4: earlier that you really want to be better at investing,
22:43
Speaker 4: so I'm going to add you to my investing master
22:45
Speaker 4: class so that can be like a little thank you,
22:48
Speaker 4: and I feel like that could push you closer to
22:50
Speaker 4: the A plus so that we can start investing together.
22:54
Speaker 4: I know that you've got the property side sorted, but
22:56
Speaker 4: you did say that you felt a little bit overwhelmed
22:58
Speaker 4: and you're not really sure what to do with shares is.
23:00
Speaker 4: But I can teach you, which is super fun. But
23:04
Speaker 4: I have loved this, and sadly we are out of time,
23:06
Speaker 4: but money, it has been a pleasure. I'm so grateful
23:09
Speaker 4: and I just I think you're doing so many good
23:10
Speaker 4: things for your community, both literally protecting them but also
23:14
Speaker 4: creating that sense of community inside your community is so
23:19
Speaker 4: underrated and you're probably already seeing how important that is.
23:22
Speaker 2: Oh. Absolutely, I love them and the fact that I've
23:25
Speaker 2: told them that I've got this promotion, which means i
23:28
Speaker 2: may have to leave town, but I'm not going too
23:32
Speaker 2: far so I'll still keep the business and keep it running,
23:35
Speaker 2: but I'm not going too far away. I love it.
23:37
Speaker 4: I'm so excited, and I hope that you're so proud
23:40
Speaker 4: of yourself because it sounds like you're killing it, like
23:42
Speaker 4: you're just so impressive.
23:43
Speaker 2: I love it. Thank you, I appreciate it.
23:45
Speaker 4: Thanks so much.
23:52
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23:55
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23:59
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