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FY27 Starts Now: The Money Reset Your Future Self Will Thank You For · She's On The Money

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Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman
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Speaker 1: and I'm here to acknowledge country. Te Glenn Young Ganya Niana,
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Speaker 1: kaka yao Yanbinahwaka nian ar gay In, Nimbini, yak um Jar,
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Speaker 1: domayamiga Umaga, Ihowaka Nwaman, damon Immalan, Wumba, bang Gada, boma
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Speaker 1: in and now in waka ghana on yak rum Jar Watanadana. Hello,
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Speaker 1: beautiful friends, we gather on the lands of the Aboriginal people.
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Speaker 1: We thank acknowledge and respect the Aboriginal people's land that
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Speaker 1: we're gathering on today. Take pleasure in all the land
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Speaker 1: and respect all that you see. She's on the Money
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Speaker 1: podcast acknowledges culture, country, community and connections, bringing you the tools,
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Speaker 1: knowledge and resources for you to thrive.
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Speaker 2: She's on the Money. She's on the Money. Hello and welcome.
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Speaker 3: She's on the Money, the podcast that proves you can
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Speaker 3: change your money story one money move at a time.
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Speaker 3: I'm backside and with me on the deep dive couch
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Speaker 3: is none other than Miss Jess Ricky. And if you're
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Speaker 3: looking at your calendar thinking how did we get here
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Speaker 3: so quickly? You aren't alone today will be chatting about
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Speaker 3: hitting reset and starting the financial new year with hopefully
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Speaker 3: some better money habits.
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Speaker 2: I'm feeling the new year energy. Are you feeling it?
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Speaker 2: Feeling your birthday too?
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Speaker 4: I do?
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Speaker 2: And are you meant to be Patrick or SpongeBob? You're
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Speaker 2: asking too much for me. I just sound I understand
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Speaker 2: job Patrick because Patrick is pink and yeah, yeah, wait
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Speaker 2: a second. You know when someone says something and you've
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Speaker 2: already been laughing.
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Speaker 3: You just tricked me into like like and I'm a
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Speaker 3: bit dumb And I was like, yeah, but I promise
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Speaker 3: don't agree.
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Speaker 2: But if you guys can't tell, it might be a
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Speaker 2: rogue one today might be a little bit rogue. Might
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Speaker 2: be a little bit rogue just us. We're checking in
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Speaker 2: about all things into financial year, tax time, goals. I
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Speaker 2: personally love this time. If you are, it's speacause you
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Speaker 2: get a second wave of new year, new meat energy.
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Speaker 2: Totally and obviously you don't need a new year to
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Speaker 2: refocus on your goals. I feel like we should say
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Speaker 2: that up the top. You can do this. It's any
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Speaker 2: point in time that you want. But if you're someone
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Speaker 2: who does really like to harness the energy, around you,
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Speaker 2: and the financial year is a great time to do it. Yes,
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Speaker 2: I completely agree.
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Speaker 3: It really does feel like, yeah, you're getting a new
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Speaker 3: New Year's eve, you know, and you can just start from.
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Speaker 2: Scratch and really hone the powers that be.
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Speaker 3: And I think like financially, if you're not yet exactly
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Speaker 3: where you are maybe feeling like you want to be headed,
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Speaker 3: then yeah, it's a really good time to reset and
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Speaker 3: think about what the next financial year might.
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Speaker 2: Look like for you. Absolutely, but before we get into it,
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Speaker 2: welcome back to the money. On today's deep dive. We
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Speaker 2: are talking about your money research and resolutions for the
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Speaker 2: new financial year. But before we get into you guys,
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Speaker 2: allow us a moment to be selfish if we may. Yes,
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Speaker 2: I thought perhaps we could take you back through our
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Speaker 2: financial year look forward a little bit together. It's always
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Speaker 2: nice to have the accountability and you guys are so
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Speaker 2: good at keeping on top of us for things we
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Speaker 2: should be doing, which I really appreciate. I totally agree.
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Speaker 2: Should we start with what were some of your money
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Speaker 2: highlights and lowlights for the air.
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Speaker 3: Well, obviously not having a job for Longham has been
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Speaker 3: a huge low light, and I think, but I think
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Speaker 3: in the meantime as well. It was a great lesson
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Speaker 3: because I think I do get a little bit cocky
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Speaker 3: maybe or I do get a little bit like delusional.
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Speaker 2: I don't think it's cockiness. I think it's a delusion. Yeah.
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Speaker 2: Where It's like I quit my job and I thought, oh,
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Speaker 2: definitely by like in two weeks I'll have a new job.
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Speaker 2: And then so I just kind of spent as normal.
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Speaker 2: And then it took one.
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Speaker 3: Month, two months, three months, four month of like wow,
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Speaker 3: I'm not getting a job to start being like okay,
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Speaker 3: I need to fix up how I'm spending and so
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Speaker 3: not that I had, I had no savings obviously, I
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Speaker 3: was just picking out random things here and there. But
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Speaker 3: now I'm like, okay, I'm being insane. I just really
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Speaker 3: lock in. If I can't find something that I'll change
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Speaker 3: my route and kind of look at that. But so
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Speaker 3: I think that that was a low light highlight honestly,
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Speaker 3: just like somehow, some way, there seems to be little
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Speaker 3: hits of money and I think it's beautiful.
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Speaker 2: Can I ask and be a little bit nosy? Obviously
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Speaker 2: You've always been the more free spirited of the three
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Speaker 2: of us. Thank you. How do you feel now? Obviously,
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Speaker 2: for those who don't know the context, you left your stable,
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Speaker 2: full time job because you wanted to take a contract
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Speaker 2: role at a company that you've always wanted to work for,
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Speaker 2: and you knew it was a short term contract role. Obviously,
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Speaker 2: I feel like we all were hoping that it would
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Speaker 2: pan out into something longer to at this point in time,
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Speaker 2: it hasn't. You knew that if that happened, you would
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Speaker 2: then effectively be jobless. At the time, You're like, it's
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Speaker 2: worth it to have that experience, to live that life
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Speaker 2: moment that I really want to do. Do you still
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Speaker 2: feel that way or is it tinged with regret or
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Speaker 2: how does it feel for you?
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Speaker 3: That's a great question, and genuinely that on its own,
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Speaker 3: because that happened middle of twenty twenty five, and then
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Speaker 3: I made it it work in some way. I was
5:02
Speaker 3: like applying for jobs was a little bit stress. It's
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Speaker 3: like I can't find anything, But luckily I had like
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Speaker 3: other things that I could pick up, like hospo shifts.
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Speaker 3: I really had no regrets, and then I got that
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Speaker 3: very short job that unfortunately did alter the trajectory of
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Speaker 3: my life a little bit because I became I feel
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Speaker 3: like maybe I had like a mild depression.
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Speaker 2: It really really really Yeah, it was not good. And
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Speaker 2: so I think that anything before this one.
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Speaker 3: Very short stint at this really awful workplace that really
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Speaker 3: messed me up. I think that anything before and after
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Speaker 3: no regrets whatsoever. And I know it probably seems like
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Speaker 3: that because I'm like, I still can't find a job,
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Speaker 3: But really like the in between, the like having random
5:44
Speaker 3: shifts here and there, and honestly, like with this sup
5:46
Speaker 3: app I know I've mentioned it before, but just in
5:48
Speaker 3: case anyone doesn't know, you can pick up random hospo
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Speaker 3: shifts and you can get like if you had a
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Speaker 3: shift every day or five days a week, four days
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Speaker 3: a week, you have plenty of more than enough to
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Speaker 3: live on. And I'm like, that's then the freedom in
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Speaker 3: between is making me so happy and so like I
6:03
Speaker 3: can just do whatever I want. I have all this
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Speaker 3: creative energy remaining at the end of the day to
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Speaker 3: do whatever the hell I want, and I can do
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Speaker 3: a week on of hospital shifts a week off. The
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Speaker 3: freedom and the flexibility is incredible. So I don't regret
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Speaker 3: that at all. I think I regret maybe the way
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Speaker 3: I went about things or whatever, but I do not
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Speaker 3: regret taking that opportunity.
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Speaker 2: Yeah, because I feel like like a lot of people
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Speaker 2: talk to us, they're on the other side of it, right,
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Speaker 2: like they're going, should I make the choice? Should I
6:28
Speaker 2: take the leap? And now, like your experience postly maybe
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Speaker 2: hasn't been exactly what you wanted it to be, but
6:34
Speaker 2: the fact that you still feel so positively about it
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Speaker 2: is I think amazing. Thank you so much for me.
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Speaker 2: Not that I've shut up about it at all, But
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Speaker 2: my highlight is obviously that I'm building a house. Amazing,
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Speaker 2: very exciting. It'll be done in a few months. A
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Speaker 2: few months. Yeah, they said end of August, so I'm
6:52
Speaker 2: expecting end of September because I things always delay, So
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Speaker 2: we'll see, we'll see what happens. But that's really exciting.
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Speaker 2: I think my low life is probably also house related,
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Speaker 2: and it's not the worst you're in. I feel almost
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Speaker 2: bad calling it a low light, but it's probably just
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Speaker 2: the anxiety that has come with realizing all of the
7:09
Speaker 2: additional expenses that come with building the house. Totally did
7:11
Speaker 2: an episode a few months ago on where I kind
7:14
Speaker 2: of chatted through a bit of my experience so far,
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Speaker 2: and I spoke about how there are just so many
7:19
Speaker 2: costs that pop up outside of the cost of building
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Speaker 2: the house itself, and so I have definitely experienced a
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Speaker 2: little bit of anxiety, which I think is also really
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Speaker 2: being driven by the cost of living crisis and the
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Speaker 2: fact that just everything is so much more expensive. It
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Speaker 2: really feels like your dollars are going so much less
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Speaker 2: further than they were previously. Yeah, my low light is
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Speaker 2: probably honestly just experiencing money anxiety points throughout the year.
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Speaker 2: I'm totally fine and like we always find a way,
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Speaker 2: but it's not a good feeling totally.
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Speaker 3: No, it doesn't matter what, Like maybe your money problem
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Speaker 3: is that you're like you're a billionaire and you have
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Speaker 3: this million dollar tax set or whatever it is. It's
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Speaker 3: all relative, isn't it. And so I think that money anxiety,
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Speaker 3: no matter what stage of whatever you're in, then it's
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Speaker 3: still like so visceral and it's the worst feelings. So
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Speaker 3: I completely understand, and I imagine it's more stressful because
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Speaker 3: there's more on the line almost It's like, yeah, if
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Speaker 3: you can't afford something, then that could mean that this
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Speaker 3: whole dream is like, well, I don't know if you'll
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Speaker 3: come and down I don't know the lins and outs
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Speaker 3: of it all, but I'm like, that's stressful.
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Speaker 2: I'm really sorry. Oh it is a bit of a
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Speaker 2: juggle for sure.
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Speaker 3: Is there anything you wish you'd done differently in general
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Speaker 3: or the house, but also the whole financial year?
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Speaker 2: Yeah, Hindspot's always twenty twenty, isn't it. I mean I
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Speaker 2: wish I'd bought sooner. I wish I'd invested more in
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Speaker 2: the dipter, like all these things that you don't know
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Speaker 2: that you're in the good spot till you can look
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Speaker 2: back on it be like, oh, like that was a
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Speaker 2: good opportunity, I think all in all, honestly, I don't
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Speaker 2: want this to be a boring episode, but I feel
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Speaker 2: like I've been really steadfast in knowing my path, knowing
8:56
Speaker 2: what would get me there, and following it. Yeah, And
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Speaker 2: I think like that's something I as an individual and
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Speaker 2: pretty good at is. And I've been saving this house
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Speaker 2: positive for however many years. And you know, now that
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Speaker 2: I've got the house, I'm saving to make up the
9:08
Speaker 2: shortfall and those sorts of things when I'm working towards
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Speaker 2: a goal. I am really good at doing what I've
9:13
Speaker 2: got to do to get myself there, and so it
9:16
Speaker 2: has been kind of a nothing year outside of that, Like,
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Speaker 2: I've just kept my head down. I've worked hard to
9:23
Speaker 2: increase my income. You know, if I start hustling all
9:25
Speaker 2: those sorts of things where I could and I have
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Speaker 2: regular goals for like how much I want to invest
9:30
Speaker 2: every month, and those sorts of things like i've like clockwork,
9:34
Speaker 2: basically same amount goes in every month, like I've just
9:36
Speaker 2: got the system down pat it feels like, which is
9:39
Speaker 2: probably because you know, at the start of the year,
9:42
Speaker 2: I reviewed my budget and every year I go back
9:45
Speaker 2: to it and make sure everything's working. I've had to
9:47
Speaker 2: make tweaks here and there for sure, like I've had
9:50
Speaker 2: to increase my grocery budget, I've had to increase my
9:52
Speaker 2: petrol budget. That means things have had to be juggled around.
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Speaker 2: But I feel like I'm in a very privileged position where,
10:00
Speaker 2: you know, I do have money allocated for discretionary spending.
10:03
Speaker 2: I've said, you know in recent episode, like I have
10:05
Speaker 2: money that I save specifically each month to spend on
10:08
Speaker 2: beauty products or clothes or whatever that is. Those aren't
10:11
Speaker 2: a necessity, and so when I've had two I can
10:13
Speaker 2: pull money away from that to reallocate it to the
10:16
Speaker 2: things that I do like food. Totally. I honestly don't
10:19
Speaker 2: think I do look back and whish I'd done anything
10:21
Speaker 2: differently because I think I've stayed the course, which is
10:23
Speaker 2: not the most exciting thing to share with everybody, but
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Speaker 2: I'm proud of myself. Yeah, that's amazing.
10:29
Speaker 3: Yeah, I think it's amazing to share because I think
10:32
Speaker 3: a lot of people I mean, I'm probably guilty of
10:34
Speaker 3: this too, but you just want the juice, you want
10:36
Speaker 3: the bad things, and so even like the do you
10:38
Speaker 3: regret anything, it's like such a common question. It's like,
10:40
Speaker 3: what did you say you were want to do and
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Speaker 3: you did it and you're really happy that you did it,
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Speaker 3: you know, so.
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Speaker 2: I'm like, that's amazing, thank you for you.
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Speaker 3: Honestly same and I know it's crazy because of where
10:51
Speaker 3: I am right now, and just like to really really
10:54
Speaker 3: make the timeline clear, I was with a company for years,
10:57
Speaker 3: took this really short and sweet opportunity, and then when
10:59
Speaker 3: in to a role that was really really bad for
11:01
Speaker 3: my mental health. I guess like a lot of people like, oh,
11:03
Speaker 3: do you wish you had stated a little bit longer
11:05
Speaker 3: to be found something? And I'm like, no, it was
11:07
Speaker 3: the most, it was the worst, and I was the
11:09
Speaker 3: most satisfying way to go out as well. And so
11:11
Speaker 3: I feel like, no matter when I left there, I
11:14
Speaker 3: didn't have any money saved. I was just about to
11:17
Speaker 3: go to Sydney on a little holiday. I was like,
11:20
Speaker 3: I could have done it smarter. But I do not
11:22
Speaker 3: regret I don't regret it. I don't regret any of it.
11:25
Speaker 3: And I just think that maybe the only thing I
11:28
Speaker 3: wish I would have done differently is that now looking back,
11:31
Speaker 3: I'm like, I wish I had just immediately picked up
11:33
Speaker 3: shifts at random places instead of being like, ah, I
11:36
Speaker 3: could probably chill for a bit, you know, That's the
11:38
Speaker 3: only thing I probably would do differently.
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Speaker 2: But otherwise, no, nothing. I feel like it's a really
11:43
Speaker 2: good feeling, like it's good to say, but you know,
11:46
Speaker 2: I guess your perspective is always very it's about the
11:49
Speaker 2: journey totally.
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Speaker 1: You know.
11:50
Speaker 2: It's nice that it can be yeah, framed really positive
11:53
Speaker 2: and be like, well, every experience, good or bad, yeah,
11:56
Speaker 2: has brought us to where we are now exactly. We're
11:58
Speaker 2: happy to be happy to be here. So true, Well,
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Speaker 2: let's go to a really quick break and when we
12:04
Speaker 2: come back, I want to talk about looking forward to
12:06
Speaker 2: the future as well as chatting out some of the
12:08
Speaker 2: goals that the community have on their mind for the
12:09
Speaker 2: upcoming year.
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Speaker 3: Don't go anywhere, Welcome back everyone. Before the break, me
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Speaker 3: and Jess, we're talking about our financial year that was,
12:20
Speaker 3: and now we're going to be talking about our financial
12:23
Speaker 3: year that will be.
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Speaker 2: It's exciting. It's full of possibilities. I know, isn't it crazy?
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Speaker 3: And it's like, yeah, it really is a nice time
12:30
Speaker 3: to be like, oh, I could change the whole trajectory
12:33
Speaker 3: of my life right now if you wanted to.
12:35
Speaker 2: You could any moment. I want to know what are
12:37
Speaker 2: your financial.
12:38
Speaker 3: New Year's resolutions, what do you want to achieve, and
12:41
Speaker 3: what are some of your financial goals?
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Speaker 2: Okay, well, this financial year, I've just just managed to
12:48
Speaker 2: clear through the shortfall that I had for the house.
12:50
Speaker 2: I've mentioned before, I spent a lot of money at
12:53
Speaker 2: my color appointments and things like that, so I had
12:55
Speaker 2: a bit of a shortfall that I had to build
12:56
Speaker 2: up before the bill was done, and we've done that,
12:58
Speaker 2: which is really awesome. So now my goal is to
13:02
Speaker 2: save and pay for all of the extra little tasks
13:05
Speaker 2: yes that I have not yet done, so you know,
13:09
Speaker 2: landscaping and concreting. I would like to be able to
13:12
Speaker 2: buy a washing machine that doesn't sound like it's about
13:14
Speaker 2: to go into orbit. So it is as much as
13:18
Speaker 2: I've ticked the big goal, paid for the house, done
13:21
Speaker 2: all of that, which is awesome, it does feel like
13:23
Speaker 2: I still have a lot to work on financially in
13:27
Speaker 2: terms of getting me to where I want to be.
13:29
Speaker 2: It's very exciting though as well because I'm getting ready
13:31
Speaker 2: to into my diy era do as many things as
13:34
Speaker 2: I can around the house, which will be awesome. Probably
13:37
Speaker 2: catch me laying my own grass and moving my own rock. Yes,
13:40
Speaker 2: girl boys can do it, so wak on girls exactly.
13:43
Speaker 2: But yeah, I think the big thing is I want
13:45
Speaker 2: to get settled into the house and I want to
13:47
Speaker 2: make the house start to feel like mine, because you know,
13:49
Speaker 2: it's one thing to build it and it technically will
13:52
Speaker 2: be mine, but I think it's another to make a
13:53
Speaker 2: house feel like a home. Yeah, and that's like a
13:55
Speaker 2: huge goal for me this year, and also just on
13:58
Speaker 2: a less financial side, to fill it with good memories,
14:01
Speaker 2: like I know that it'll be a little while before
14:03
Speaker 2: I'm in but I'm really excited to be able to
14:05
Speaker 2: make it a place that people can gather, you have
14:08
Speaker 2: friends and family around, and just make really good memories,
14:11
Speaker 2: have really good times, and enjoy the fruits of my labor,
14:14
Speaker 2: because I think there's been a lot of sacrifice to
14:16
Speaker 2: get to this point, and so I do not want
14:20
Speaker 2: to take my foot off the gas because I still
14:23
Speaker 2: want to make sure that I'm paying down. My plan
14:25
Speaker 2: is hopefully to make additional repayments on my mortgage, just
14:29
Speaker 2: because having a bit more of a breathing room on
14:31
Speaker 2: that would make me feel better. But I also am
14:35
Speaker 2: excited to be able to live my life a little
14:37
Speaker 2: bit because I have been giving up a lot these
14:39
Speaker 2: past few years, and I'm ready to enjoy everything that
14:43
Speaker 2: that has brought me amazing. What about you? What are
14:46
Speaker 2: some of your goals or resolutions?
14:48
Speaker 3: I would like to And this is very sad because
14:53
Speaker 3: I feel like it came really far with Chasy's the
14:56
Speaker 3: Chasis Dirty.
14:57
Speaker 2: How much did you hear if he was about two thousand?
15:00
Speaker 2: Oh my god, I know, I know.
15:02
Speaker 3: Unfortunately I did get into a tricky place as sticky
15:05
Speaker 3: spot where I was like I probably like I was
15:09
Speaker 3: glad I had it there, but I didn't know how
15:11
Speaker 3: to withdraw it yet because I did, I purposely didn't
15:13
Speaker 3: want to know, but I was like, I'm going to
15:15
Speaker 3: have to take this, and so I'm almost starting from scratch.
15:18
Speaker 3: There's a couple hundred in there, which is still crazy,
15:21
Speaker 3: but I am almost starting from scratch again and that's
15:24
Speaker 3: a shame. But I think that I'm grateful that was there.
15:27
Speaker 3: So I'm going to I really want to get back
15:28
Speaker 3: on the Shares's train, and I really want to. I
15:31
Speaker 3: really want to save for real. I think that I
15:34
Speaker 3: did have the motivation to save. I didn't know what
15:36
Speaker 3: I was saving for. It was a bit like okay,
15:39
Speaker 3: you know, I always say toward end and so but
15:41
Speaker 3: now I'm like, okay, I would like to have savings.
15:45
Speaker 3: And I still don't really know what for exactly, just
15:48
Speaker 3: obviously emergency fund and in times of need.
15:51
Speaker 2: But I really want to take that seriously soon. That's amazing.
15:56
Speaker 2: Thank you. Do you have a number in mind that
15:58
Speaker 2: would make it for an emergency fund? Specifically, let's say,
16:00
Speaker 2: is there a number that would make you feel comfy?
16:02
Speaker 2: That's a great question. I don't know. I think maybe
16:07
Speaker 2: five thousand would be nice. That's a great goal. Crazy.
16:10
Speaker 2: I mean, you've got almost half of the way away
16:12
Speaker 2: of your investments. You know that you can do it.
16:14
Speaker 2: That's so true. That's so true. I feel like both
16:17
Speaker 2: as possible you're investing has been really good for you
16:20
Speaker 2: because it's shown that you can do it. Yeah, that's
16:23
Speaker 2: so true. When we first met, you were just like, well,
16:25
Speaker 2: I can't that's not my personality type. I just spend
16:28
Speaker 2: the money as soon as I have it. Yeah, Whereas
16:29
Speaker 2: now you've really shown to yourself and to everybody that
16:32
Speaker 2: you are so capable yeah, goals and doing those things,
16:36
Speaker 2: which is just incredible. That is so true, and that's
16:38
Speaker 2: so beautiful.
16:39
Speaker 3: I really thought like, oh, the only way I'll really
16:41
Speaker 3: ever have money is if I just like make a
16:42
Speaker 3: lot of money and I just have so much that
16:44
Speaker 3: I can't spend it all. And I'm like, oh no,
16:46
Speaker 3: I could, just like I can say, you're really you
16:50
Speaker 3: are a capable, wonderful human and we all believe in
16:53
Speaker 3: Thank you so much, Jess. Are there any money resets
16:56
Speaker 3: that you're going to kick up from the first of July? Well,
16:58
Speaker 3: the one that kind of goes back and forth to me,
17:01
Speaker 3: it's like I would like to not vape anymore. And
17:03
Speaker 3: so that's one thing that I want to kick because
17:05
Speaker 3: it's getting really expensive. And it doesn't mean much too
17:09
Speaker 3: because you don't vape. But just for context, back in
17:11
Speaker 3: the day, maybe a vape was thirty dollars. Now it's
17:14
Speaker 3: seventy seventy five dollars.
17:15
Speaker 2: Even thirty, how long does one last? A little bit
17:19
Speaker 2: over a week depends? Like, no, ray, that's crazy.
17:23
Speaker 1: I know.
17:24
Speaker 2: I don't really think about it in that way. Isn't
17:26
Speaker 2: it how extensive your medical bills are going to be
17:28
Speaker 2: when you're older. That's true medical bills. I'm confused by them.
17:35
Speaker 3: You just get to ignore the fact that you're going
17:37
Speaker 3: to tell you I'm confused, so I don't need to pay.
17:41
Speaker 2: Really mean, but no, no one need it. Thank you
17:44
Speaker 2: so much. That's a really good goal. I think quitting
17:46
Speaker 2: the vaping. Have you you've tried before, right, yes? And
17:50
Speaker 2: I kind of go in and out of doing really well.
17:53
Speaker 3: And then because I think because they do so well
17:55
Speaker 3: at like just not vaping, then I'm like, can I
17:57
Speaker 3: take it up? And I'm like, oh, that was easy.
17:59
Speaker 3: I could just do that again when I want to
18:00
Speaker 3: stop if it was really hard, And then I broke
18:04
Speaker 3: through and got there, then I would not want to
18:08
Speaker 3: go back to that. But just because it's like, oh,
18:10
Speaker 3: I just don't vape, and that's actually really easy to do.
18:12
Speaker 3: And so because of that, I take it up so
18:14
Speaker 3: easy all the time because I'm like, ah, I just
18:16
Speaker 3: literally stop again.
18:17
Speaker 2: Soon I turned it to eighty dollars a month back.
18:20
Speaker 2: I know that's crazy.
18:22
Speaker 3: It's so much money, that's insane, and so I think
18:25
Speaker 3: that's helping me realize like, oh, okay, I should.
18:27
Speaker 2: Probably just like stop altogether. I'm on board with this,
18:31
Speaker 2: Thank you so much. What about yourself. I think I
18:34
Speaker 2: want to increase the amount that I invest every month.
18:37
Speaker 2: Like I said, I want to enjoy that I've got
18:39
Speaker 2: a little bit more breathing room in my budget now.
18:42
Speaker 2: And yeah, I mean not right now because right now
18:44
Speaker 2: I'm paying a mortgage addirant. But once I move in,
18:46
Speaker 2: that would be very lovely because I'll have all of
18:48
Speaker 2: the rent money that I was paying a free, which
18:50
Speaker 2: will be gorgeous, gorgeous. So I do want to increase
18:53
Speaker 2: the amount that I'm investing. It's a little bit lower
18:55
Speaker 2: than what I would have liked. I've had to kind
18:56
Speaker 2: of adjust it over the past few years, so I'd
18:59
Speaker 2: love to get it back to If I could invest
19:01
Speaker 2: like one thousand dollars a month, I would feel so
19:04
Speaker 2: good about that. Wow, Okay, I know it's a lot
19:07
Speaker 2: of money, but amazing. I feel like I missed out
19:09
Speaker 2: on a lot of years of investing I was younger,
19:11
Speaker 2: and it's like that chart we've shared on Instagram that
19:13
Speaker 2: shows the later you invest, the more you have to
19:16
Speaker 2: make up to take full advantage of being able to retire,
19:19
Speaker 2: earli or do whatever you want. I'm not sure you
19:20
Speaker 2: know that I've been in a position to do that,
19:22
Speaker 2: but yeah, I just want to go a little bit
19:25
Speaker 2: harder on that to make up for the lost time,
19:26
Speaker 2: because we all know I didn't grow up knowing anything
19:28
Speaker 2: about finances. But it is ever too late, and you
19:31
Speaker 2: can always make adjustments, which I think it is works
19:33
Speaker 2: really well with what we're talking about today, so true.
19:37
Speaker 2: Now we aren't alone in this. We obviously asked you,
19:39
Speaker 2: beautiful humans, the gorgeoushes on the money community about how
19:42
Speaker 2: you're going to reset for the financial year, and Beck
19:45
Speaker 2: and I have a few responses that we'd love to share.
19:47
Speaker 3: I'll set off with Rebecca, who says, a great name
19:49
Speaker 3: By the way, I'm putting more priority into our mortgage
19:52
Speaker 3: and emergency fund. I've taken on a third job that
19:55
Speaker 3: pays monthly, so I'll be putting that whole amount into
19:57
Speaker 3: our mortgage each month. It's not a lot, but we'll
20:00
Speaker 3: certainly help. And I'll be allocating the income for my
20:02
Speaker 3: second job, also pays monthly to an emergency fund, which
20:06
Speaker 3: will be in our offset account.
20:08
Speaker 2: Well, three jobs. Crazy, but Rebecca, I've just taken both
20:11
Speaker 2: of our goals and slapped them together. I double the
20:14
Speaker 2: work of us queen. Seriously, Wow, impress it. That is incredible.
20:19
Speaker 2: Teagan said, I want to invest more than one hundred
20:21
Speaker 2: bucks a fortnight, which I think is an awesome goal. Yeah,
20:24
Speaker 2: all incremental changes is it's the way to go. Like
20:27
Speaker 2: that's how I started. I think when I first started,
20:28
Speaker 2: I was investing maybe like twenty dollars a week. Yeah,
20:31
Speaker 2: and now I've gotten to the place and I'm like,
20:32
Speaker 2: I'd like to be able to invest a thousand dollars
20:34
Speaker 2: a month. That's insane. Yes, that's so cool.
20:37
Speaker 4: Oh my god.
20:38
Speaker 3: T The sexon one comes from Jamie Lee, who says
20:41
Speaker 3: I want to clear my hex stet I could do
20:43
Speaker 3: with the pre tax seduction actually being take home pay
20:47
Speaker 3: so true. Okay, I feel like hex, It's not my
20:50
Speaker 3: biggest motivation, but I'm curious to know what it would
20:52
Speaker 3: look like if you just like got rid of it,
20:54
Speaker 3: you know, so keep us in the loop.
20:56
Speaker 2: Oh please, Yeah, everyone that we're reading out, I would
20:58
Speaker 2: love to do a check in with you guys, yes,
21:00
Speaker 2: six months or something and see where you're going, because
21:02
Speaker 2: there's nothing more motivating to me than seeing people go, hey,
21:06
Speaker 2: I want to do this and then coming back and saying, well,
21:08
Speaker 2: did you do it? How did it go?
21:10
Speaker 1: Yeah?
21:10
Speaker 2: Totally. We need to keep each other accountable. Rene said,
21:13
Speaker 2: we went to build up our savings. We are a
21:15
Speaker 2: month into our first mortgage, so keeping on top of
21:17
Speaker 2: that and paying off of our personal loan is our
21:19
Speaker 2: big goal.
21:20
Speaker 3: Jemma says, they want to stop booking holidays. They're great,
21:23
Speaker 3: but I need to pause and put money aside for
21:26
Speaker 3: a new Slash X demo car in a couple of
21:29
Speaker 3: years and or an investment unit.
21:32
Speaker 2: Gema, Okay, Jemmy, you've just reminded me. Actually, that's another
21:36
Speaker 2: goal I would like to add to my list for
21:37
Speaker 2: this financial year is I would like to go on
21:39
Speaker 2: an overseas holiday. Okay, it's been quite a few years.
21:42
Speaker 2: The last time I went was I think Japan, which
21:45
Speaker 2: was oh my god, three years ago. Wow. Yeah, a
21:48
Speaker 2: lot of time. So I would really like to go
21:50
Speaker 2: on holiday this financial year. Oh gorgeous. I'll take some
21:53
Speaker 2: of Jenner's energy. Thing, is it giving it away? Hell? Yeah.
21:57
Speaker 2: I've gone from Anique who said I want to become
22:00
Speaker 2: get free, say for our first holiday in four years
22:03
Speaker 2: and buy a car outright? Yeah, of course, snaps and
22:07
Speaker 2: clubs for humanique. So when everybody's thinking about your goals
22:10
Speaker 2: and what you want to do, I want you, guys,
22:12
Speaker 2: to make it an actionable plan. Like I want you
22:14
Speaker 2: to think about, well, what is achievable. It's one thing
22:16
Speaker 2: for us to sit here and say, oh, I want
22:18
Speaker 2: to do this and I want to do that, But like,
22:20
Speaker 2: let's use this time to really plan and say, well,
22:23
Speaker 2: what do I need to do to make that happen?
22:24
Speaker 2: Do I need to pick up extra work or do
22:26
Speaker 2: I need to rejoot my budget? Or do I need
22:28
Speaker 2: to be really specific? What is the acronym smart specific measured? Ah,
22:36
Speaker 2: I'm achievable achievable? Oh is it attainable? The same same
22:43
Speaker 2: reasonable tangible. This is why we're not allowed to do
22:54
Speaker 2: We need victoria truly. Okay, smart goals are specific, measurable, achievable, relevant,
23:00
Speaker 2: and time bound. Oh relevant, doesn't need to be. You
23:05
Speaker 2: can dream big. You can dream big absolutely, so your
23:09
Speaker 2: smart goals, everybody, or alternatively, make them what say, measable, reasonable, tangible?
23:18
Speaker 2: What was the r reasonable?
23:21
Speaker 3: Sorry, yeah, that's why Jesus said, Oh gosh, yeah, I
23:25
Speaker 3: don't think they need to be relevant.
23:26
Speaker 2: Let's stop that one out for sure.
23:30
Speaker 3: Next we have Jade, who says, survive parentally without going broke.
23:35
Speaker 2: Yeah, yeah, yeah, congratulations, this are true. It's really exciting.
23:40
Speaker 2: I don't know as well about the parental lea situation.
23:42
Speaker 3: I know that there's sometimes work, but not always work,
23:44
Speaker 3: sometimes government but not always government fair.
23:47
Speaker 2: It seems very complicated, complicated, but you can do it.
23:50
Speaker 2: You can do it. Very excited for you, very exciting.
23:52
Speaker 2: Catherine said she's got her house up for sale and
23:55
Speaker 2: they will be going mortgage free by buying in a
23:57
Speaker 2: cheaper area. Amazing mortgage free. Imagine that. Literally, that is
24:04
Speaker 2: the dream that I aspisally seriously only just got a
24:07
Speaker 2: mortgage tomorrow, like, get rid of it. Yeah, I don't
24:09
Speaker 2: want anymore. You still to pay, like, do you stort
24:12
Speaker 2: to pay land?
24:13
Speaker 3: Something's on rates and things like that. I think, is
24:16
Speaker 3: it like just as expensive as rent or not?
24:18
Speaker 2: Really? Rates? Yeah, they only come once a quarter. It
24:21
Speaker 2: really depends on where you'd live, but it would not
24:23
Speaker 2: be as expensive as you Once you've paid off your mortgage,
24:27
Speaker 2: you're living pretty good from my perspective.
24:29
Speaker 3: Okay, incredible, Oh my god, congratulations. Okay, Emily says, pay
24:36
Speaker 3: off all consumer debt, no spending days and trying really
24:39
Speaker 3: hard to stick to my budget.
24:41
Speaker 2: You can do it. That's a good goal. That's a
24:42
Speaker 2: good goal. I love the no spending days as well.
24:45
Speaker 2: I've been trying to implement those two and they're really
24:47
Speaker 2: good as just a little circuit breaker. We believe in you, Emily.
24:51
Speaker 2: And then last I'm going to read for today is
24:53
Speaker 2: from Kelsey, who said I want to get my offset
24:55
Speaker 2: to one hundred thousand dollars to lock in debt recycling. Okay,
25:00
Speaker 2: only only at twenty eight k. Amazing, impressive goal. Only
25:05
Speaker 2: twenty eight k, I was to say, only, definitely not
25:07
Speaker 2: the right word. Is impressive enough on its own, but
25:11
Speaker 2: I love that we're setting big goals. Because whenever you
25:14
Speaker 2: want to achieve this year, guys, big or small, I
25:16
Speaker 2: really think you can do it. I truly, truly believe it.
25:19
Speaker 3: Also, debt recycling, we do you have a whole episode
25:21
Speaker 3: of that. I've already forgotten it, but it sounds great.
25:26
Speaker 2: We'll look it in the show notes if you want
25:28
Speaker 2: to give it a listen to give you a little
25:29
Speaker 2: hand on your journey. Yeah. Absolutely, thank you for sharing
25:32
Speaker 2: your money resets with us.
25:33
Speaker 3: Thank you so much that this has been a really cute,
25:35
Speaker 3: cozy like indoor rainy day.
25:39
Speaker 2: I know you guys don't mind that. It was just
25:40
Speaker 2: a little bit of fun from us, a little bit
25:43
Speaker 2: of championing. If you're listening to this right now, I
25:45
Speaker 2: want you to know we believe in you. Yes, whatever
25:48
Speaker 2: you want to achieve this year, you can do it.
25:50
Speaker 2: Just make sure that it is specific, measurable, attainable.
25:53
Speaker 3: Containable, responsible, reasonable, tangible.
26:02
Speaker 2: I'm so excited to hear out all your goals. If
26:04
Speaker 2: you've got one you'd like to share, definitely comments on Spotify.
26:07
Speaker 2: We love breeding them. But I do fear that that
26:09
Speaker 2: is all we've got time for today. I hope this
26:11
Speaker 2: episode helps you consider a money reset of your own.
26:14
Speaker 2: Thank you so much for joining us, and we will
26:16
Speaker 2: catch you later in the week for Friday drinks. Bye guys, Bye.
26:25
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26:28
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26:32
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26:35
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