Latest / She's On The Money / She paid off a $25,000 car loan on a graduate salary, then became scared to spend money at all.

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She paid off a $25,000 car loan on a graduate salary, then became scared to spend money at all. · She's On The Money

• 0:00
  Speaker 1: My name's Tatasha Bamblet. I'm a proud First Nations woman
• 0:03
  Speaker 1: and I'm here to acknowledge country t Glenn Young Ganya Niana,
• 0:08
  Speaker 1: kaka ya Ya bin Ahaka Nian our gay In Nimbini,
• 0:11
  Speaker 1: yakarum jar Doumayagumika Umaga Ihowaka Nile Waman damon Immalan Bumba
• 0:16
  Speaker 1: bang gadaboma in and now in Waka ghana on yakarum
• 0:20
  Speaker 1: jar Watanadaa. Hello, beautiful friends, we gather on the lands
• 0:24
  Speaker 1: of the Aboriginal people. We thank acknowledge and respect the
• 0:28
  Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure
• 0:31
  Speaker 1: in all the land and respect all that you see.
• 0:34
  Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,
• 0:40
  Speaker 1: bringing you the tools, knowledge and resources for you to thrive.
• 0:45
  Speaker 2: She's on the Money. She's on the Money.
• 0:51
  Speaker 3: Hello, and welcome to She's on the Money, the podcast
• 0:54
  Speaker 3: that LEDs you be pervy about other people's money stories
• 0:57
  Speaker 3: for educational purposes, of course. Welcome back to another one
• 1:00
  Speaker 3: of our money diaries, brought to you by our friends
• 1:03
  Speaker 3: at Sky Wealth, where I get the absolute privilege of
• 1:05
  Speaker 3: sitting down with one of our incredible She's on the
• 1:08
  Speaker 3: Money community members to talk all about their journey. Let's
• 1:12
  Speaker 3: jump straight in because this week I got a message
• 1:14
  Speaker 3: and it sounded exactly like this. Hi, She's on the Money.
• 1:18
  Speaker 3: When I say I was flat broke at UNI, I
• 1:21
  Speaker 3: mean it. I carried that into full time work and
• 1:24
  Speaker 3: after getting a car loan in December twenty twenty four,
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  Speaker 3: I felt overwhelmed and not in control. So I scrolled
• 1:30
  Speaker 3: all the way back to episode one and I just
• 1:32
  Speaker 3: started again. September twenty twenty five, my twenty five thousand
• 1:37
  Speaker 3: dollars carloan was completely paid off on a grad salary,
• 1:40
  Speaker 3: and in the last five years I've gone from living
• 1:42
  Speaker 3: in Melbourne to now living on a farm with my
• 1:45
  Speaker 3: boyfriend in country New South Wales. I have savings, I
• 1:49
  Speaker 3: have investments. I have plans and dreams, as well as
• 1:52
  Speaker 3: a partner with four investment properties with plans for us
• 1:56
  Speaker 3: to get one together or me by into his. She's
• 1:59
  Speaker 3: on the Money transfer formed my life and has seen
• 2:01
  Speaker 3: me through every season. However, going from flat broke to
• 2:04
  Speaker 3: having money, I now have developed terrible guilt and dread
• 2:08
  Speaker 3: around spending, and I worry I'll be that cheap friend forever.
• 2:12
  Speaker 3: Money Diarist, What a journey, what a privilege, but also
• 2:16
  Speaker 3: what a worry, Like you're not going to be the
• 2:18
  Speaker 3: cheap friend forever?
• 2:19
  Speaker 2: What the heck? I know, it's just the gilt is insane,
• 2:23
  Speaker 2: Like now that you have money, you don't want to
• 2:25
  Speaker 2: see it go, and seeing your bank account grow up
• 2:28
  Speaker 2: and up it just gets a bit addictive, and then
• 2:31
  Speaker 2: seeing it go down you're just like, oh my god.
• 2:33
  Speaker 3: That's also such a like one e like going from
• 2:38
  Speaker 3: flat broke car loan all of the stuff that makes
• 2:41
  Speaker 3: you feel financially stressed to being like, not only did
• 2:44
  Speaker 3: I get my stuff together, I gotta be a man
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  Speaker 3: that had assets.
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  Speaker 2: Yeah.
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  Speaker 1: I know.
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  Speaker 2: He was actually a really big part in me sort
• 2:51
  Speaker 2: of turning my money so around because I actually used
• 2:54
  Speaker 2: to listen to She's on the Money in twenty twenty.
• 2:57
  Speaker 2: I first started way back when we were all picked
• 3:00
  Speaker 2: up at home literally because I think sort of what
• 3:03
  Speaker 2: happened was I moved away to UNI when I was nineteen,
• 3:08
  Speaker 2: so twenty twenty, like quickly realized how hard and expensive
• 3:12
  Speaker 2: life is, and then I moved back home for COVID,
• 3:16
  Speaker 2: and then once I realized we kind of weren't going anywhere.
• 3:19
  Speaker 4: I got a job and I ended up getting on
• 3:23
  Speaker 4: job Keeper.
• 3:24
  Speaker 2: And the job keep that I was put on it
• 3:26
  Speaker 2: was actually funny because the two weeks that I started
• 3:30
  Speaker 2: my job was the two weeks I had on UNI holidays,
• 3:33
  Speaker 2: and it was also the two weeks where the government
• 3:36
  Speaker 2: determined whether you're a full time like casual worker.
• 3:39
  Speaker 3: So I got on the top dollar okay, but like
• 3:42
  Speaker 3: money win, like good things happen to good people, baby.
• 3:46
  Speaker 2: Yeah. So and then I was kind of into Hot
• 3:49
  Speaker 2: Girl Walks podcasting, and I was like, I have all
• 3:51
  Speaker 2: this money coming in now I kind of need to
• 3:53
  Speaker 2: figure out what to do with it. So I always
• 3:56
  Speaker 2: had that sort of financial knowledge in the background, but
• 4:00
  Speaker 2: one when I went back to UNI, I was like,
• 4:02
  Speaker 2: I just kind of want to live my life a
• 4:03
  Speaker 2: bit and worry about money later. So I said, see
• 4:08
  Speaker 2: you later to ses on the money for a little bit.
• 4:10
  Speaker 3: But we're always here, like you can come back, like
• 4:13
  Speaker 3: if you want to go to me, that's fine, Like
• 4:15
  Speaker 3: I actually don't mind if you guys want to go
• 4:17
  Speaker 3: and then come back later. Like I'm kind of like
• 4:19
  Speaker 3: your parents, like I don't mind. Go have a fun time.
• 4:22
  Speaker 3: There's always a homeback here for you. You're always welcome.
• 4:25
  Speaker 2: So I always knew what I should be doing, and
• 4:28
  Speaker 2: I had that like a little bit of knowledge in
• 4:30
  Speaker 2: the background. But yeah, I just was like, no, I'll
• 4:35
  Speaker 2: think about that later.
• 4:36
  Speaker 3: And now you've gone, I want to go home. And
• 4:39
  Speaker 3: then you've come to see me again. And I welcomed
• 4:43
  Speaker 3: you with open arms and you got out of debt.
• 4:45
  Speaker 2: What the heck this really like? I was so overwhelmed.
• 4:48
  Speaker 2: I remember I was sitting at work and I was
• 4:50
  Speaker 2: thinking the answer would being I'd need more money because
• 4:53
  Speaker 2: I was straight out of UNI. I actually ended up
• 4:55
  Speaker 2: getting quite a high paying job. I was on eighty
• 4:59
  Speaker 2: thousand with a ten percent bonus, just straight out of Ynny,
• 5:03
  Speaker 2: I know, but it was very corporate and I wasn't
• 5:05
  Speaker 2: enjoying it. So an opportunity to come up to move
• 5:08
  Speaker 2: to a more practical, hands on job. But I dropped
• 5:11
  Speaker 2: to seventy thousand dollars a year, so it was quite
• 5:14
  Speaker 2: a big change. And I remember sitting there at work
• 5:18
  Speaker 2: after I got this loan and I had it for
• 5:19
  Speaker 2: about a month, and I was thinking the answer was
• 5:21
  Speaker 2: just more money, but I just did it. I needed
• 5:24
  Speaker 2: to figure out the money I had so I just
• 5:28
  Speaker 2: literally went back to episode one, and.
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  Speaker 3: I'm very glad that you did thanks to the downloads.
• 5:33
  Speaker 2: Babe.
• 5:34
  Speaker 3: Tell me, if I asked you to give your money
• 5:36
  Speaker 3: habits a grade from A through to F, what would
• 5:39
  Speaker 3: you say your money habits were? Oh, maybe like a
• 5:42
  Speaker 3: B plus love love Let's learn more about it. What
• 5:46
  Speaker 3: is your money's story? Like, can you tell me a
• 5:48
  Speaker 3: few things that have impacted it?
• 5:50
  Speaker 2: Yeah, So I was really thinking on this, and honestly,
• 5:54
  Speaker 2: my childhood not that impactful in terms of money story stuff,
• 5:58
  Speaker 2: Like I think it was deep down, you know, like
• 6:02
  Speaker 2: my parents really did a very normal suburban life. You know,
• 6:06
  Speaker 2: we'd go on camping holidays, but a holiday to the
• 6:10
  Speaker 2: Gold Coach was a big deal, you.
• 6:12
  Speaker 3: Know, so the same we did it once and we
• 6:15
  Speaker 3: drove and like that was like the biggest thing ever.
• 6:18
  Speaker 3: Like I still remember it, Like, yeah, I adore that
• 6:21
  Speaker 3: other people got to travel overseas, but yeah, that to
• 6:25
  Speaker 3: me still feels fancy because of the way that I've
• 6:28
  Speaker 3: grown up.
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  Speaker 2: Yeah, and even thinking when people take like little kids
• 6:31
  Speaker 2: on overseas holidays, I'm like, why are you doing that? Girl?
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  Speaker 3: When my son was four months old, he was on
• 6:36
  Speaker 3: a plane to Italy, like what the hell? Like the
• 6:38
  Speaker 3: whole time I was like talking to this four month
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  Speaker 3: old on a plane, I'm like, you don't know how
• 6:42
  Speaker 3: good you've got it, Like you don't know, you don't
• 6:45
  Speaker 3: get it, no.
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  Speaker 2: Living the dream. But my parents were always very anti dead,
• 6:51
  Speaker 2: you know, like I was always known to not get carloons,
• 6:53
  Speaker 2: which is bit ironic because I got one, but I digress.
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  Speaker 2: And my mom, like she had a credit card, but
• 7:00
  Speaker 2: you know, it was always paid off, it was never
• 7:02
  Speaker 2: really a thing. And then my mum was actually fully
• 7:06
  Speaker 2: in charge of our finances, you know, like my dad
• 7:09
  Speaker 2: wasn't allowed a debit card because he would go a
• 7:11
  Speaker 2: bit too crazy with it. So I think seeing that
• 7:14
  Speaker 2: my mom was kind of always in charge of money,
• 7:16
  Speaker 2: and I think Mom came from a more scarcely mindset
• 7:20
  Speaker 2: in terms of money, you know, okay, Like she kind
• 7:22
  Speaker 2: of did have a bit of guilt around spending money,
• 7:24
  Speaker 2: and I didn't really notice it until I was older
• 7:26
  Speaker 2: and became educated around money. So it's funny looking back
• 7:30
  Speaker 2: making that connection now. But honestly, I would say the
• 7:33
  Speaker 2: most impact on my money story was when I went
• 7:37
  Speaker 2: off to UNI, so I moved from Melbourne to country
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  Speaker 2: New South Wales in twenty twenty. I was fresh nineteen.
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  Speaker 3: That's a massive change.
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  Speaker 1: I know.
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  Speaker 5: I don't know where I got the audacity, but looking
• 7:51
  Speaker 5: back at it, if we borrowed it from a medioc
• 7:53
  Speaker 5: middle age white man, probably, But looking back at it now,
• 7:56
  Speaker 5: I was like, I don't know if I could make
• 7:58
  Speaker 5: that move, like that's pretty ballsy.
• 8:00
  Speaker 4: I remember my parents dropped me off at UNI and
• 8:02
  Speaker 4: I was living.
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  Speaker 2: With twenty five other people with like one kitchen and
• 8:06
  Speaker 2: things like that, and I was on campus and they
• 8:09
  Speaker 2: just like said goodbye, and I was just sitting in
• 8:10
  Speaker 2: my room alone and being like, okay, now.
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  Speaker 3: What Yeah, Like you'd done so much planning up until
• 8:16
  Speaker 3: that point. Yeah, well be telling everyone, yeah, I'm gonna
• 8:18
  Speaker 3: go to UNI, I'm going to do this, I'm going
• 8:20
  Speaker 3: to do that, And then you're sitting in the room
• 8:21
  Speaker 3: and you're just like, do I clap?
• 8:25
  Speaker 2: I was like, I better go downstairs and make some friends.
• 8:28
  Speaker 2: But when I moved, it was it was never a
• 8:30
  Speaker 2: question of if my parents were going to pay for it,
• 8:33
  Speaker 2: like I always knew I would, like I moved out
• 8:36
  Speaker 2: and became fully financially independent, it was never I never
• 8:40
  Speaker 2: even considered my parents paying rent for me or giving
• 8:44
  Speaker 2: me regular money, Like it just wasn't a thing that
• 8:47
  Speaker 2: I thought was normal, But it was when I went
• 8:51
  Speaker 2: to UNI. I remember in one of my I was
• 8:54
  Speaker 2: in a sharehouse and I was the only person who
• 8:57
  Speaker 2: actually paid their own rent. All of my friends' parents
• 9:02
  Speaker 2: were paying their rent, and I don't know, I think
• 9:04
  Speaker 2: it was potentially because you know, they were from you know,
• 9:08
  Speaker 2: farms and countries and stuff like, and from the country,
• 9:10
  Speaker 2: so they didn't have the option to stay at home
• 9:13
  Speaker 2: and go to UNI, whereas I totally could have just
• 9:16
  Speaker 2: stayed at home and commuted to like Melbourne, UNI or
• 9:19
  Speaker 2: something like that if I really wanted to. But I
• 9:22
  Speaker 2: think that sort of really impacted me because I never
• 9:27
  Speaker 2: really understood that a lot of people kind of were
• 9:31
  Speaker 2: getting leg ups in life, and that I was sort
• 9:35
  Speaker 2: of I don't think I was ever disadvantaged, because I
• 9:38
  Speaker 2: never really went without in my childhood, but I just
• 9:41
  Speaker 2: never knew that it was a normal thing for people
• 9:44
  Speaker 2: to give their kids lots of money.
• 9:46
  Speaker 3: Neither did I. I remember getting to UNI and like,
• 9:49
  Speaker 3: I was in a very lucky position where I was
• 9:53
  Speaker 3: gifted a car from my parents, but it was my
• 9:56
  Speaker 3: mum's old old car, and like I was still having
• 9:59
  Speaker 3: to pay for it everything on that. Dad was like,
• 10:01
  Speaker 3: you can have your mum's old car, because like we
• 10:04
  Speaker 3: could sell it for five hundred dollars. Like it wasn't
• 10:06
  Speaker 3: like a, oh, mom's got this beautiful Mazda three, you
• 10:09
  Speaker 3: can have and we'll just get a new one. It
• 10:11
  Speaker 3: was literally like an old car that when I turned
• 10:16
  Speaker 3: too hard to the left, the gas system stopped working.
• 10:20
  Speaker 3: Like like I was just grateful to have it. And
• 10:22
  Speaker 3: I took over all of the payments on that, like
• 10:24
  Speaker 3: insurance and like the Red Joe and stuff, and I
• 10:27
  Speaker 3: thought I was living. And then I got to UNI,
• 10:29
  Speaker 3: and I was like, what do you mean, Like everyone's
• 10:31
  Speaker 3: parents just quote gave them a car, and what do
• 10:33
  Speaker 3: you mean your parents are paying for this beautiful apartment
• 10:37
  Speaker 3: in the city, Like I'm hustling in a sharehouse same
• 10:39
  Speaker 3: as you. Like I'm hustling in a sharehouse. And I
• 10:41
  Speaker 3: remember my rent was like two hundred and fifty dollars
• 10:44
  Speaker 3: a week, like that was chaos. And at the time,
• 10:47
  Speaker 3: I was sharing with a boyfriend because that made it
• 10:49
  Speaker 3: more economical. And I remember thinking I have to move
• 10:52
  Speaker 3: out with my boyfriend because otherwise this is just not
• 10:54
  Speaker 3: going to work, Like this is going to be crazy.
• 10:56
  Speaker 2: Yeah, yeah, I know, I yeah, I kind of really
• 11:00
  Speaker 2: realized it happened, and especially going to like a country Uni,
• 11:05
  Speaker 2: there's a lot of sort of wealth in different ways.
• 11:09
  Speaker 2: Like I don't fully understand how all the tax rightoffs
• 11:12
  Speaker 2: and stuff work, but I do know in agriculture that
• 11:14
  Speaker 2: there is a lot of tax rightoffs in places, so
• 11:18
  Speaker 2: you know, financially, it made sense to buy a brand
• 11:21
  Speaker 2: new high Loux and give that to your kid. But
• 11:25
  Speaker 2: I don't know, I don't know.
• 11:26
  Speaker 3: Look, I don't know how we make it work, but
• 11:28
  Speaker 3: if that works for them, I am genuinely very happy
• 11:32
  Speaker 3: for that. A little bit envious, but genuinely happy. Like
• 11:36
  Speaker 3: I just remember that was really eye opening for me.
• 11:39
  Speaker 3: I remember being like, oh, okay, oh you just what
• 11:42
  Speaker 3: do you mean you just have like a copy of
• 11:44
  Speaker 3: your mum's credit card. That's crazy to me, Like if
• 11:47
  Speaker 3: I'm out of money, go I'm out of money?
• 11:49
  Speaker 2: Yeah yeah no, And I think that I'm I'm really
• 11:53
  Speaker 2: grateful that my parents didn't really give me anything, to
• 11:57
  Speaker 2: be honest, because I don't think that I would I've
• 12:00
  Speaker 2: ever been in the position I am now if I
• 12:02
  Speaker 2: wasn't flat broke like in my final year of UNI.
• 12:06
  Speaker 2: I actually ended up going out of sas like twice
• 12:09
  Speaker 2: and definitely couldn't afford them, but made it work. And
• 12:13
  Speaker 2: so yeah, like I was slipping on campus and I
• 12:16
  Speaker 2: couldn't pay my rent, so I was just really hustling.
• 12:20
  Speaker 2: I couldn't even I would love to know what was
• 12:21
  Speaker 2: the lowest my bank account went to, because I wouldn't
• 12:24
  Speaker 2: even be surprised if it was like one hundred dollars
• 12:26
  Speaker 2: or something like that, like probably lower.
• 12:29
  Speaker 3: Oh, I overdrew my bank account. I remember the day
• 12:32
  Speaker 3: that I learned that you could overdraw a bank account
• 12:35
  Speaker 3: because I didn't mean to, and I got like a
• 12:37
  Speaker 3: notification in my emails to be like, oh, your bank
• 12:40
  Speaker 3: account has been overdrawn, and I logged in and I
• 12:42
  Speaker 3: was like, what do you mean overdrawn? What is overdrawn?
• 12:45
  Speaker 3: And then seeing that my bank account was negative, I
• 12:48
  Speaker 3: was like, oh, that's crazy. I didn't even know I
• 12:49
  Speaker 3: had a credit card, and like, I was so like
• 12:52
  Speaker 3: financially illiterate at that point. I thought that my debit
• 12:56
  Speaker 3: card had turned into a credit card and then I
• 12:58
  Speaker 3: was going to get into heaps of debt and obviously
• 12:59
  Speaker 3: that's not great, but like, yeah, it was just it
• 13:03
  Speaker 3: was crazy to me. So yeah, I went't full negative baby,
• 13:06
  Speaker 3: like maybe you did too.
• 13:07
  Speaker 2: Yeah, I didn't know that debit cards could go into
• 13:09
  Speaker 2: the negative, so it's probably good I didn't know that.
• 13:12
  Speaker 2: But I think it's funny because since I did listen
• 13:14
  Speaker 2: to ses on the Money in twenty twenty and into
• 13:17
  Speaker 2: twenty twenty one, I did have that financial background knowledge,
• 13:21
  Speaker 2: so like I knew not to get a personal loan
• 13:23
  Speaker 2: to go on holidays. I knew not to do all
• 13:25
  Speaker 2: these things, so I didn't even know people got personal
• 13:29
  Speaker 2: loans for holidays. When I found that out, I was like, God,
• 13:32
  Speaker 2: that's insane.
• 13:35
  Speaker 3: Also so nice that you're kind of like out of
• 13:39
  Speaker 3: the loop on that, because I think if you are
• 13:42
  Speaker 3: at UNI, sometimes it's better to not know that those
• 13:45
  Speaker 3: things exist, because if you do, you might go, oh, well,
• 13:49
  Speaker 3: if everyone else is doing it, maybe i'll do it.
• 13:52
  Speaker 4: Yeah.
• 13:53
  Speaker 2: So I kind of went on to just being broke,
• 13:56
  Speaker 2: and then I ended up getting a job pretty well
• 13:59
  Speaker 2: straight out of UNI, which was great, and I did
• 14:02
  Speaker 2: end up finally making money there, and it was crazy
• 14:05
  Speaker 2: because everyone knew that I had no money during UNI,
• 14:08
  Speaker 2: like I was working heaps and it was kind of
• 14:10
  Speaker 2: a funny thing.
• 14:12
  Speaker 4: But then I ended up getting a job and it
• 14:14
  Speaker 4: ended up being all well.
• 14:15
  Speaker 2: But then my first car was only worth like two
• 14:18
  Speaker 2: and a half grand, like I bought it, and in
• 14:22
  Speaker 2: September of twenty twenty four, I got rear ended and
• 14:28
  Speaker 2: I was completely fined and my car was actually not
• 14:31
  Speaker 2: that bad, but the insurance company said that it's not
• 14:33
  Speaker 2: worth fixing it. So I just ended up getting paid
• 14:37
  Speaker 2: out for that, which I think I'm geting like three grand,
• 14:40
  Speaker 2: so nothing crazy, but more than I paid.
• 14:42
  Speaker 4: So I needed a.
• 14:44
  Speaker 2: Car money in exactly, I needed a car, and I
• 14:47
  Speaker 2: didn't really have enough money to buy. I probably maybe
• 14:50
  Speaker 2: had like ten grand in my bank account then, which
• 14:52
  Speaker 2: was pretty good, but I wanted a nicer car because
• 14:57
  Speaker 2: during the time that my car was yetting a the
• 15:00
  Speaker 2: insurance company gave me a car and it was like
• 15:02
  Speaker 2: nice with Apple car plane stuff like that, and I
• 15:04
  Speaker 2: was like, oh, this is cool. So I ended up
• 15:07
  Speaker 2: getting a car loan and I got it through my
• 15:10
  Speaker 2: bank because I kind of thought, like my parents kind
• 15:13
  Speaker 2: of led me that way. They said, oh, don't go
• 15:15
  Speaker 2: through like a dealership, don't get finance, like, do it
• 15:18
  Speaker 2: through your bank. And then they kind of had the
• 15:21
  Speaker 2: understanding that it would be good for me to borrow
• 15:24
  Speaker 2: money because then it can show the bank that I
• 15:26
  Speaker 2: can pay it back.
• 15:27
  Speaker 4: But then after listening to Chese on the money, I
• 15:30
  Speaker 4: know that's not true.
• 15:31
  Speaker 3: But also you don't know what you don't know. And
• 15:34
  Speaker 3: I feel like so many of us, like here from
• 15:38
  Speaker 3: the US what goes on in terms of like lending
• 15:42
  Speaker 3: and credit scores and stuff. So it makes sense like
• 15:45
  Speaker 3: if your parents were like, oh, girl, this is what
• 15:47
  Speaker 3: you should be doing, You're obviously gonna be like, yeah, okay,
• 15:49
  Speaker 3: that makes sense, let's do that. And then obviously it's
• 15:53
  Speaker 3: not the right decision and that's okay, But like sometimes
• 15:55
  Speaker 3: we have to make some mistakes to get on the
• 15:57
  Speaker 3: right track, right, And it sounds like you've done exact Yeah,
• 16:01
  Speaker 3: So tell me what do you now do for work
• 16:03
  Speaker 3: and how much money do you earn.
• 16:04
  Speaker 2: So I work in agriculture, I would say my job
• 16:08
  Speaker 2: is I do a lot of the data analytics for
• 16:12
  Speaker 2: farms and look at their genetic data and also how
• 16:17
  Speaker 2: their genetic data. Yeah, so genetics play a huge role
• 16:22
  Speaker 2: in farming and selecting, Like I'm working with cattle and
• 16:25
  Speaker 2: selecting bulls that have the traits that you want, So
• 16:29
  Speaker 2: things like intramuscular fat, like you can select for that
• 16:34
  Speaker 2: or yeah, so it's all linked to genes. Farming is very,
• 16:39
  Speaker 2: very smart, Like there's a full blown geneticis that the
• 16:42
  Speaker 2: company I works for have and they do all their
• 16:45
  Speaker 2: genetics selections, Like bulls can go for like hundreds of
• 16:49
  Speaker 2: thousands of dollars sometimes.
• 16:50
  Speaker 3: So really, yeah, this is one of the reasons why
• 16:54
  Speaker 3: I love chatting to people on money Dries because like,
• 16:57
  Speaker 3: you guys have such a job, but like, what do
• 17:01
  Speaker 3: you mean you work in genetics for agriculture. Like, don't
• 17:04
  Speaker 3: get me wrong. People are probably listening to this and
• 17:06
  Speaker 3: they're like, Victoria, you idiot, Like of course they do,
• 17:10
  Speaker 3: but like this is just not something I had comprehended,
• 17:13
  Speaker 3: especially coming from like my grandparents were sheep farmers.
• 17:16
  Speaker 2: Yeah, so like I didn't know that.
• 17:19
  Speaker 3: Like they were just like lambs. If one gets rejected,
• 17:22
  Speaker 3: you put it in a box by the fire, and
• 17:24
  Speaker 3: we have a canara in the kitchen and that's how
• 17:27
  Speaker 3: we help our you know, lambs grow up. That's about
• 17:30
  Speaker 3: as far as it got for me. So how does
• 17:33
  Speaker 3: this evolve and what does that look like as a job?
• 17:35
  Speaker 2: For you. So we get these things called estimated breeding
• 17:39
  Speaker 2: values from animals and they have all their scores on
• 17:45
  Speaker 2: how they go in terms of different traits and things
• 17:47
  Speaker 2: like that, and you can look at them and select
• 17:50
  Speaker 2: traits that you want, and you can also compare them
• 17:53
  Speaker 2: to like the female you're using. And so each sort
• 17:55
  Speaker 2: of company has different goals in terms of what they want.
• 17:59
  Speaker 2: So you can even select for docility, so if you
• 18:02
  Speaker 2: want a more calm bull, which are easier to work with,
• 18:06
  Speaker 2: so a lot of people select for that, or you know,
• 18:08
  Speaker 2: if they want a bigger frame, then they can select
• 18:11
  Speaker 2: for that.
• 18:11
  Speaker 4: So we have that.
• 18:13
  Speaker 2: But then I also look at things like average daily gains,
• 18:16
  Speaker 2: like what they're eating, how much weight they're gaining, how
• 18:19
  Speaker 2: long they've been eating it for. So yeah, just look
• 18:23
  Speaker 2: at excels a lot. But yeah, it's a huge market.
• 18:26
  Speaker 2: Like they even do IVF and embryo transferring cattle. It's crazy.
• 18:32
  Speaker 3: That is insane. Also, I want to know, do you
• 18:35
  Speaker 3: know how much that costs? Like, is it also ten
• 18:37
  Speaker 3: grains around?
• 18:38
  Speaker 2: No? So this company that I know, it's three hundred
• 18:42
  Speaker 2: dollars per osite collective, So.
• 18:47
  Speaker 3: I mean it does make sense. There's probably less like
• 18:51
  Speaker 3: you know if we lost an embryo, you guys are like, oh,
• 18:53
  Speaker 3: so right, just do it again, because it's cattle as
• 18:57
  Speaker 3: opposed to your literal lives. But that's crazy the difference.
• 19:02
  Speaker 4: Yeah, and it's pretty crazy.
• 19:03
  Speaker 3: And to do all of this, how much money are
• 19:06
  Speaker 3: you making?
• 19:07
  Speaker 2: So it's actually really cool. With my job, I am
• 19:10
  Speaker 2: full time, but I get paid hourly, so I'm on
• 19:14
  Speaker 2: forty dollars an hour.
• 19:15
  Speaker 3: But well that's good.
• 19:16
  Speaker 4: Yeah, So I think I ended up doing about forty
• 19:19
  Speaker 4: hour weeks.
• 19:20
  Speaker 2: So I did eighty hour four nights, and so it
• 19:22
  Speaker 2: ends up to be around eighty four thousand dollars a year.
• 19:25
  Speaker 2: So I was quite happy with that because I recently
• 19:28
  Speaker 2: changed roles and I finished my probation like a few
• 19:32
  Speaker 2: weeks ago, and they gave me a five dollar pay rise.
• 19:35
  Speaker 4: So I was on thirty five and now I'm up
• 19:37
  Speaker 4: to forty.
• 19:38
  Speaker 2: I love that.
• 19:38
  Speaker 3: And from the way that you're talking about your job,
• 19:41
  Speaker 3: is it safe to assume that you really like it?
• 19:43
  Speaker 2: Yeah? I really like it. I kind of came from
• 19:45
  Speaker 2: a not so happy job, Like it was a really
• 19:48
  Speaker 2: cool job I used to have, but I was really
• 19:50
  Speaker 2: really unhappy in it, and I am in a workplace
• 19:56
  Speaker 2: where I feel respected and valued and there's a great
• 20:01
  Speaker 2: work life balance, you know, So I am really happy.
• 20:05
  Speaker 4: Funny actually though, because I was a community DM like
• 20:09
  Speaker 4: a few months ago.
• 20:11
  Speaker 3: Were you actually?
• 20:12
  Speaker 4: I love that it was the one about how to
• 20:15
  Speaker 4: not burn a bridge when leaving a job.
• 20:18
  Speaker 3: Oh how did that go?
• 20:19
  Speaker 2: Yeah? So I ended up sticking it out for the
• 20:21
  Speaker 2: busy period and it was hard because my boyfriend where
• 20:26
  Speaker 2: I live with him now, it's a pretty isolated place,
• 20:29
  Speaker 2: so and I knew my next job would be where
• 20:32
  Speaker 2: he lives, so I was quite limited on options. And yeah,
• 20:35
  Speaker 2: I ended up sticking it out, and I actually spoke
• 20:38
  Speaker 2: to one of my other bosses and he gave me
• 20:41
  Speaker 2: a reference, even though I didn't end up really needing one,
• 20:44
  Speaker 2: and he was actually said, or maybe don't tell your
• 20:48
  Speaker 2: other boss, just give him the one month notice. And
• 20:50
  Speaker 2: I ended up telling my boss like three months in advance.
• 20:53
  Speaker 2: So yeah, I left, And I'm happy, I.
• 20:57
  Speaker 3: Was going to say, and did it all work out?
• 20:59
  Speaker 3: Because sometimes it really like, you know, you don't want
• 21:01
  Speaker 3: to burn a bridge, but you also like need to
• 21:05
  Speaker 3: move on and do what's best for you, but it
• 21:07
  Speaker 3: just feels so awkward, especially when you're like trying to
• 21:09
  Speaker 3: keep everybody happy.
• 21:12
  Speaker 2: Yeah. I think it was a pretty common question people
• 21:16
  Speaker 2: might have because if you were in my position where
• 21:19
  Speaker 2: it was really only your first time working in that industry,
• 21:23
  Speaker 2: you kind of future employees will want a reference from
• 21:28
  Speaker 2: a company that you worked for in the industry, you know,
• 21:30
  Speaker 2: And if you remember that, absolutely, and you're trying to
• 21:32
  Speaker 2: leave without being weird about it.
• 21:35
  Speaker 3: Absolutely, And is there anything in that process that you
• 21:38
  Speaker 3: would do differently, Like if someone listened to that and
• 21:41
  Speaker 3: was like, oh, like that's my situation, what would your
• 21:44
  Speaker 3: advice be.
• 21:45
  Speaker 2: Yeah, I would say go to someone who's trusted and
• 21:48
  Speaker 2: a person that you trust at work who understands you.
• 21:53
  Speaker 4: And yeah, I was lucky that I had another boss
• 21:56
  Speaker 4: who understood.
• 21:57
  Speaker 2: Me well, but I know people who are working with
• 22:00
  Speaker 2: they used a colleague that was in a similar role
• 22:06
  Speaker 2: to them, maybe one step up. So yeah, it doesn't
• 22:10
  Speaker 2: necessarily have to be your direct boss as a reference,
• 22:13
  Speaker 2: which I didn't really know. It can be anyone. Yeah,
• 22:16
  Speaker 2: that's true. Yeah, just find someone who is trusted and
• 22:19
  Speaker 2: someone who you feel like isn't going to tell everyone.
• 22:24
  Speaker 3: Yeah, And that's a really good point as well, and
• 22:28
  Speaker 3: something that I know I didn't say on the podcast,
• 22:31
  Speaker 3: but like, what a good suggestion to go and chat
• 22:34
  Speaker 3: to someone in your workplace that you do genuinely trust, Yeah,
• 22:38
  Speaker 3: who can give you some advice because like, you know,
• 22:41
  Speaker 3: if I ask my husband about stuff to do it work,
• 22:44
  Speaker 3: like he knows of the people, but he's never worked
• 22:46
  Speaker 3: with them. Yeah, so he might be like, oh, yeah,
• 22:48
  Speaker 3: just tell her she seems chill. And then like you
• 22:50
  Speaker 3: go and talk to somebody else and they'd be like, oh,
• 22:53
  Speaker 3: maybe don't do that this week because they're really stressed,
• 22:55
  Speaker 3: Like how about you wait till here or there, Like
• 22:57
  Speaker 3: that's the insight that we want.
• 22:59
  Speaker 2: Yeah, yeah, So going to someone that I trust had
• 23:02
  Speaker 2: definitely made it a lot easier.
• 23:05
  Speaker 4: But I was very excited to quit a door.
• 23:08
  Speaker 3: All right, let's go to a really quick break and
• 23:10
  Speaker 3: on the flip side, I want to talk to you
• 23:12
  Speaker 3: about investments. I want to dive a little bit deeper
• 23:14
  Speaker 3: into that debt that you mentioned you used to have.
• 23:17
  Speaker 3: We're going to talk about personal insurances and then your
• 23:19
  Speaker 3: best and worst money habits. So guys, don't go anywhere
• 23:26
  Speaker 3: money diaries do. We are back and I want to
• 23:29
  Speaker 3: dive straight into investments. You said earlier in the show,
• 23:32
  Speaker 3: I used to listen to She's on the Money three,
• 23:34
  Speaker 3: Shees on the Money in the bin, because like, I
• 23:36
  Speaker 3: was living my best life and I've come back.
• 23:39
  Speaker 2: So what is your.
• 23:40
  Speaker 3: Investment journey looking like?
• 23:42
  Speaker 2: So back in the day, I did have RAIS and
• 23:45
  Speaker 2: I just had the automatic investments, and then when I
• 23:48
  Speaker 2: went overseas, I just took it all out. I think
• 23:50
  Speaker 2: it only got to like three hundred and something dollars.
• 23:53
  Speaker 2: But I have investments now with Chaesis and I started
• 23:59
  Speaker 2: and January, and I've got IVV, which is just the
• 24:04
  Speaker 2: index for the US. I had VAS which is just
• 24:08
  Speaker 2: the Australian index, and then I have VIE, which is
• 24:12
  Speaker 2: the Asia index but excludes Japan.
• 24:15
  Speaker 3: You really like a vanguard moment, I'm back, and then.
• 24:19
  Speaker 2: VAQ, which is the European index, and I also have NAB.
• 24:24
  Speaker 2: Just it's actually the reason why I got NAB is
• 24:27
  Speaker 2: because I was listening to an episode. It was from
• 24:30
  Speaker 2: like twenty twenty three, and you used NAB shares as
• 24:33
  Speaker 2: an example, and you're.
• 24:34
  Speaker 3: Like, oh no, Like don't get me wrong, Like you're
• 24:38
  Speaker 3: allowed to own NAB, but like I always use it
• 24:40
  Speaker 3: as an example, and I'm always like thinking in the
• 24:42
  Speaker 3: back of my head, I'm like, I hope people don't
• 24:44
  Speaker 3: take that as a recommendation.
• 24:45
  Speaker 2: No. I didn't take it as a recommendation. I took
• 24:48
  Speaker 2: it because at the time, NAB was worth twenty five dollars,
• 24:53
  Speaker 2: and then I looked at it, I was like, oh,
• 24:55
  Speaker 2: I wonder what it's worth now three years later, and
• 24:57
  Speaker 2: it was worth like forty two. So I was like what.
• 25:01
  Speaker 3: I was like, it's a banking share for you. Like, yeah,
• 25:03
  Speaker 3: they called like blue chip shares, and that doesn't make
• 25:07
  Speaker 3: them better. No, it means that they're like tried and
• 25:10
  Speaker 3: true and tested and kind of really boring, and that's okay,
• 25:15
  Speaker 3: but like we kind of love that they're tried and
• 25:19
  Speaker 3: true and tested and boring. Like yeah, when it comes
• 25:21
  Speaker 3: to my investment journey, I want it to be boring.
• 25:24
  Speaker 2: Yeah, yeah. Track. Well, that's why I kind of went
• 25:28
  Speaker 2: for all the indexes because I was like, I'm going
• 25:30
  Speaker 2: for a long term.
• 25:31
  Speaker 4: At the moment, I have one thousand and seventy one
• 25:34
  Speaker 4: dollars invested.
• 25:36
  Speaker 3: Look you go, you cracked your four figures already.
• 25:39
  Speaker 4: You know, and it split pretty well evenly.
• 25:42
  Speaker 2: I just kind of I was doing one hundred dollars
• 25:44
  Speaker 2: a fortnight up until I got a pay rise, and
• 25:46
  Speaker 2: I'd just do like twenty five twenty five to twenty five,
• 25:48
  Speaker 2: and then I also have the roundups on and anytime
• 25:51
  Speaker 2: the roundups would be twenty five dollars, it'd go into
• 25:54
  Speaker 2: chaseas and that's when I would buy nap with And yeah,
• 25:58
  Speaker 2: so that's a dollars now. But it's kind of grown
• 26:02
  Speaker 2: a bit because when I bought it was when everything
• 26:07
  Speaker 2: went down, so which I knew was money win. I know,
• 26:10
  Speaker 2: I was like, Wow, the SMP five hundreds down by
• 26:14
  Speaker 2: like seven percent, let's buy heap.
• 26:17
  Speaker 3: See, that's what we love to see. And a couple
• 26:20
  Speaker 3: of months ago, the S and P five hundred was
• 26:23
  Speaker 3: down again and I was thinking like, oh, maybe I
• 26:25
  Speaker 3: should pick up some more. And then I was like
• 26:27
  Speaker 3: trying to take my own advice and not try to
• 26:29
  Speaker 3: time the market. So I tipped a little bit, and
• 26:32
  Speaker 3: now I'm like, should have done more, and we all
• 26:34
  Speaker 3: do that.
• 26:35
  Speaker 2: Yeah, yeah, So I think now I've sort of put
• 26:38
  Speaker 2: it up to like one hundred and fifty a fortnight.
• 26:40
  Speaker 4: I might put it up to a little bit more,
• 26:43
  Speaker 4: but we'll see.
• 26:44
  Speaker 2: But yeah, I just consistently do like two hundred and
• 26:47
  Speaker 2: two hundred dollars a Fortnite and I just had my
• 26:49
  Speaker 2: roundups on and then I also have my Super which
• 26:53
  Speaker 2: I checked is at twenty three thousand and fifty four dollars.
• 26:57
  Speaker 3: Hey, that's good.
• 26:58
  Speaker 2: And how old are you? Twenty five?
• 27:00
  Speaker 3: Your twenty that is good?
• 27:02
  Speaker 2: Look at you. Tracking my old corporate job fresh out
• 27:05
  Speaker 2: of UNI for some reason, made a lot of additional
• 27:09
  Speaker 2: contributions to Super, not out of my pay or anything,
• 27:12
  Speaker 2: but just.
• 27:12
  Speaker 3: We will take it. Like, I'm not going to complain
• 27:14
  Speaker 3: about that ever. Yeah, now talk to me about personal insurances.
• 27:18
  Speaker 3: You are only twenty five. But is this something that
• 27:20
  Speaker 3: you've considered, something you've organized? What does that look like
• 27:23
  Speaker 3: for you?
• 27:24
  Speaker 2: Yeah?
• 27:24
  Speaker 4: So I actually had a call with sky Wells a
• 27:26
  Speaker 4: couple of weeks ago, because.
• 27:28
  Speaker 3: Every money does recently like this is not paid by
• 27:31
  Speaker 3: the way, like we do not pay our diarists or
• 27:34
  Speaker 3: pick them if they are with skyweld. But I swear
• 27:36
  Speaker 3: everyone that I'm getting recently is like, oh yeah, I
• 27:39
  Speaker 3: called them, and I was like what.
• 27:41
  Speaker 2: Yeah, yeah, No, I just called them and I kind
• 27:43
  Speaker 2: of spoke to them about it because I actually don't
• 27:46
  Speaker 2: have any insurances in my super.
• 27:49
  Speaker 4: And they're like, all right, that's weird that you should
• 27:51
  Speaker 4: talk to your super company about that, because are like
• 27:53
  Speaker 4: normally the way insurances kind of work is you have
• 27:56
  Speaker 4: it the whole time, or when you turn twenty five,
• 27:58
  Speaker 4: they automatically kick in.
• 28:00
  Speaker 2: Yeah, And so they kind of talked to me a
• 28:03
  Speaker 2: little bit about like what they could do, and I
• 28:05
  Speaker 2: do need a follow up with them because I think
• 28:07
  Speaker 2: I will actually end up going with them, because I
• 28:09
  Speaker 2: didn't know that you pay like your insurances is set
• 28:13
  Speaker 2: up in your super and like your super money pays
• 28:16
  Speaker 2: for it as far as I'm aware. And I ended
• 28:19
  Speaker 2: up calling my super company and they're like, basically, when
• 28:22
  Speaker 2: you were nineteen, we sent you a letter saying if
• 28:25
  Speaker 2: you don't reply to this letter, we're going to cancel
• 28:27
  Speaker 2: your insurance. And I was nineteen and living in New
• 28:31
  Speaker 2: South Wales, and I went to my parents' house, so
• 28:33
  Speaker 2: I didn't get it. I think it was just, yeah,
• 28:36
  Speaker 2: their way too sneakily stop giving people insurance. And I
• 28:40
  Speaker 2: was talking to the lady on the phone. She's really nice,
• 28:42
  Speaker 2: but I was like, damn, like a nineteen year old
• 28:44
  Speaker 2: had to make you put that in the hands of
• 28:47
  Speaker 2: a nineteen You.
• 28:47
  Speaker 3: Don't understand it at that point, And even if you'd
• 28:50
  Speaker 3: gotten that letter, you would have been like, well, I'm
• 28:52
  Speaker 3: not using that insurance, like I'll probably cancel it anyway whatever, Yeah,
• 28:57
  Speaker 3: like I don't need that. Yeah, but why am I
• 28:59
  Speaker 3: paying for it? Like you're taking my super money? And
• 29:01
  Speaker 3: that would have been at nineteen my mindset as well. Yeah,
• 29:06
  Speaker 3: they did that to so many people. And the reason
• 29:09
  Speaker 3: they did that to people was because you would have
• 29:11
  Speaker 3: had a really low balance at that point in time,
• 29:14
  Speaker 3: and they, like the government actually mandated it. So it
• 29:17
  Speaker 3: wasn't your super company being rude, but they were told,
• 29:20
  Speaker 3: if they have under a certain balance, you need to
• 29:23
  Speaker 3: let them know that they have to choose this because
• 29:25
  Speaker 3: otherwise the insurance premiums would have eaten away at your
• 29:29
  Speaker 3: super and then you would have had no super but
• 29:30
  Speaker 3: you would have paid for insurance. And so I get it,
• 29:34
  Speaker 3: but I don't like it.
• 29:35
  Speaker 2: No. Yeah, I was like, oh it's a bit rough,
• 29:39
  Speaker 2: so currently not personally insured, but thinking about it.
• 29:43
  Speaker 3: Oh, good girl, I like to hear it. Now, tell me,
• 29:46
  Speaker 3: what do you think your best money habit is.
• 29:49
  Speaker 2: I would say my best money habit is I'm very
• 29:52
  Speaker 2: disciplined with money, Like I could very easily go without,
• 29:56
  Speaker 2: you know, so if I have a purchase, I'll put
• 29:59
  Speaker 2: three between it, like I'll really really think about it.
• 30:04
  Speaker 2: And then I think I have really really good structures
• 30:06
  Speaker 2: with my pay I can tell you how I split
• 30:10
  Speaker 2: all my money if you really want to.
• 30:12
  Speaker 3: And of course I want that, and like the pervier
• 30:15
  Speaker 3: the better on this show, girlfriend, you should know.
• 30:18
  Speaker 4: When I listened to money diaries and I don't say numbers,
• 30:20
  Speaker 4: I'm like, oh, come.
• 30:21
  Speaker 2: On, yeah.
• 30:22
  Speaker 3: But I never also press them for some of that
• 30:24
  Speaker 3: false information out of you. If like people have given
• 30:28
  Speaker 3: me the privilege of asking them about their situation, I'm
• 30:30
  Speaker 3: not going to be like, well, why aren't you telling
• 30:32
  Speaker 3: me more? Yes, give us the numbers and for any
• 30:35
  Speaker 3: future money dirests. We love to see the perviest of bits.
• 30:38
  Speaker 2: So my most recent pay I grossed three two hundred
• 30:43
  Speaker 2: dollars and my net was two four hundred and thirty four.
• 30:48
  Speaker 2: And so we're very lucky. With my partner's job. So
• 30:52
  Speaker 2: him manages a farm, so he's off his own farm,
• 30:55
  Speaker 2: but he manages this farm because his parents are still
• 30:58
  Speaker 2: at home, and so so we get a free house
• 31:01
  Speaker 2: and free bills, so I don't eat money win, so
• 31:05
  Speaker 2: I don't have any rent I don't have any bills,
• 31:07
  Speaker 2: like in terms of housing and things like that. So
• 31:11
  Speaker 2: my fixed costs for like rent and stuff is one
• 31:14
  Speaker 2: hundred and forty five dollars a fortnight.
• 31:16
  Speaker 3: Okay, Queen, I know this is like so incredible, but
• 31:20
  Speaker 3: also for me, I'm looking at it going Queen, if
• 31:23
  Speaker 3: you are not making hey while the sun is shining, like,
• 31:25
  Speaker 3: I'm going to be pretty mad at you.
• 31:27
  Speaker 2: I know. So yeah, I definitely do. So, yeah, we
• 31:30
  Speaker 2: don't have any rent, we don't have any bills. Like
• 31:34
  Speaker 2: my partner he has his investment properties, but I'm not
• 31:36
  Speaker 2: a part of them, so I don't have any mortgages
• 31:38
  Speaker 2: or anything like that at the moment. And then I
• 31:41
  Speaker 2: give myself like an allowance of four hundred dollars a
• 31:44
  Speaker 2: fortnight to pay for like yeah, it's more so now
• 31:47
  Speaker 2: just kind of fuel and spending money that I have.
• 31:50
  Speaker 2: And I kind of work from home most of the time,
• 31:53
  Speaker 2: so I don't really spend much money on fuel. And
• 31:55
  Speaker 2: then also I do get free fuel from work sometimes,
• 31:58
  Speaker 2: so stop that's pretty great if I have to drive
• 32:02
  Speaker 2: anywhere for work. And then yeah, I invest one hundred
• 32:06
  Speaker 2: year shollers a fortnite and then I have a joint
• 32:08
  Speaker 2: account with my partner, and we put one hundred dollars
• 32:11
  Speaker 2: in a week, so two hundred dollars a fortnite and
• 32:14
  Speaker 2: that's more so like food and then like dog food
• 32:17
  Speaker 2: and just if we go out for dinner, we'll kind
• 32:20
  Speaker 2: of use that card.
• 32:21
  Speaker 3: And yeah, but that means you can kind of like
• 32:24
  Speaker 3: really build up your wealth right now and put as
• 32:27
  Speaker 3: much away as possible. And is that kind of where
• 32:30
  Speaker 3: you're prioritizing things.
• 32:32
  Speaker 2: Yeah, so i'd say right now, I have a really
• 32:36
  Speaker 2: good emergency fund. I'm considering halving it because it's currently
• 32:40
  Speaker 2: ten thousand dollars, which I don't really touch. But I
• 32:44
  Speaker 2: don't really think it needs to be that high. But
• 32:47
  Speaker 2: I just sort of think because since my housing is
• 32:51
  Speaker 2: attached to like my boyfriend's job, like if we break up,
• 32:55
  Speaker 2: I'm going to need to find a place to live
• 32:57
  Speaker 2: and move away potentially, So it is kind of nice.
• 33:00
  Speaker 4: To have that buffer.
• 33:02
  Speaker 2: But I like, I don't really think I needed that high,
• 33:05
  Speaker 2: Like I don't think we're going to break up, no.
• 33:07
  Speaker 3: But it's also nice to know that, like you've got
• 33:09
  Speaker 3: that financial freedom. Yeah, Like I think that the coolest
• 33:12
  Speaker 3: thing about being a woman in twenty twenty six. Is
• 33:15
  Speaker 3: that like having your emergency fund set up and having
• 33:18
  Speaker 3: everything organized means you can just say no to literally anything.
• 33:21
  Speaker 2: Yeah.
• 33:22
  Speaker 3: Like, don't get me wrong, I'm sure you're obsessed with
• 33:24
  Speaker 3: your boyfriend and we've got no plans of changing. But
• 33:26
  Speaker 3: to be able to be in a situation where if
• 33:28
  Speaker 3: anything ever happened, you could be like, no, you get
• 33:31
  Speaker 3: in the bin and walk out and be fine. Yeah,
• 33:33
  Speaker 3: what a flip.
• 33:34
  Speaker 2: So once I had paid off my car loan. When
• 33:37
  Speaker 2: I was paying it off, I kept my emergency fund
• 33:40
  Speaker 2: at like five thousand dollars, and then I still had
• 33:42
  Speaker 2: my normal bill splits. But that was before I moved
• 33:45
  Speaker 2: in with my boyfriend, so I had breads, so my
• 33:47
  Speaker 2: expenses were a little bit higher. But once I paid
• 33:50
  Speaker 2: it off, I then built it up to ten thousand,
• 33:53
  Speaker 2: and then.
• 33:54
  Speaker 4: If I ever touch it, I just top it back up.
• 33:56
  Speaker 2: But any leftover money just immediately goes into savings, and
• 34:00
  Speaker 2: in savings at the moment, I have fourteen thousand dollars,
• 34:04
  Speaker 2: So that's stop it.
• 34:06
  Speaker 3: And you're twenty five.
• 34:07
  Speaker 4: Yeah, that's not including like my emergency fun or anything
• 34:11
  Speaker 4: like that.
• 34:11
  Speaker 3: So your emergency is ten grand. You've then got fourteen
• 34:13
  Speaker 3: thousand in savings. What else is sitting in other places?
• 34:16
  Speaker 3: What was your investment total?
• 34:18
  Speaker 2: A thousand?
• 34:19
  Speaker 3: Yep, and then you've got your super like you are
• 34:22
  Speaker 3: really building yourself up. Well look at you go. I'm
• 34:26
  Speaker 3: so proud. I just get so excited, Like I want
• 34:29
  Speaker 3: to hug fever when they tell me, and like if
• 34:31
  Speaker 3: you've ever met me in person and you come up
• 34:33
  Speaker 3: to me and you're like, look what I've done, like
• 34:35
  Speaker 3: you would know that, I like basically jump on you
• 34:37
  Speaker 3: because I'm just so excited about it. Yeah, I also
• 34:41
  Speaker 3: want to be extra pervy. Tell me about your boyfriend, So, like,
• 34:44
  Speaker 3: how does this dude have four investment properties?
• 34:47
  Speaker 2: He's insanely good with money, Like these whole families good
• 34:51
  Speaker 2: with money, Like all of his siblings have investment properties,
• 34:54
  Speaker 2: investments and things like that, and he's like family fully
• 34:58
  Speaker 2: built everything they have. Now he got nothing given to
• 35:02
  Speaker 2: him at all. And when he was a teenager, he
• 35:05
  Speaker 2: was just also really good at savings. Like he would
• 35:07
  Speaker 2: tell me how when he was you know, he was
• 35:10
  Speaker 2: working at the local supermarket and he would take all
• 35:14
  Speaker 2: the money out of the bank and then take it
• 35:17
  Speaker 2: to a different bank that had a high interest savings account.
• 35:19
  Speaker 4: You know, and he'd like would have like thirty grand
• 35:22
  Speaker 4: or something just as a teenager.
• 35:25
  Speaker 2: I know. And then so he bought his first house
• 35:29
  Speaker 2: when he was like twenty I think it was a baby,
• 35:32
  Speaker 2: I know. And now he has four. They're all in
• 35:36
  Speaker 2: regional towns, so they were like a bit cheaper to
• 35:39
  Speaker 2: buy compared to if you bought something in Melbourne.
• 35:42
  Speaker 3: Look, I'm not gonna lie. I did assume that they
• 35:44
  Speaker 3: would have been regional, just because you are in farming
• 35:48
  Speaker 3: and like, you know, you're a bit further out. And
• 35:50
  Speaker 3: to be honest, if you said, oh, Victoria, he lives
• 35:52
  Speaker 3: on like two k's from the Melbourne CBD, you know,
• 35:55
  Speaker 3: owns for properties, I'd be like, what in the wealth?
• 35:57
  Speaker 3: Like that has to be intergenerational, Like you know what,
• 36:00
  Speaker 3: I will wait for the day that we meet someone
• 36:04
  Speaker 3: who's like I own multiple investment properties and had absolutely
• 36:06
  Speaker 3: no help. They're all in their CBD. Yeah, that's just
• 36:09
  Speaker 3: not going to happen. I'm really sorry.
• 36:11
  Speaker 2: Yeah no. So, yeah, he's just always been really really
• 36:15
  Speaker 2: really clever with money, Like having one hundred thousand dollars
• 36:19
  Speaker 2: in a bank account is just a normal thing for him.
• 36:23
  Speaker 2: But he does earn really good money. So he manages
• 36:27
  Speaker 2: afarrog and he's on one hundred and fifty thousand dollars
• 36:30
  Speaker 2: a year, but then he also gets a free house
• 36:35
  Speaker 2: and a free car and like a phone and things
• 36:38
  Speaker 2: like that. So I think his salary package all up
• 36:40
  Speaker 2: is like two hundred thousand, and he's yeah, it would
• 36:44
  Speaker 2: be twenty seven.
• 36:45
  Speaker 4: And he got that job when he was twenty three.
• 36:47
  Speaker 3: He's only twenty seven. What a weapon. Like maybe we
• 36:51
  Speaker 3: should start doing like he's on the money Money Diary. Yeah,
• 36:54
  Speaker 3: but like, don't get me wrong, Like I'm just pervy.
• 36:57
  Speaker 3: I want to know what you've got. I don't want
• 36:58
  Speaker 3: to listen to a whole podcast about a talking about
• 37:00
  Speaker 3: his wealth, Like I can't learn anything from that order
• 37:02
  Speaker 3: to talk to his girlfriend, you know.
• 37:04
  Speaker 2: Yeah. So he kind of has been a really positive
• 37:07
  Speaker 2: influence on me because I kind of didn't really think
• 37:11
  Speaker 2: that it was sort of normal or possible for people
• 37:15
  Speaker 2: to have It's probably not normal, but to have that
• 37:18
  Speaker 2: sort of money when they're so young and you know,
• 37:21
  Speaker 2: be able to save so well and not be frivolous
• 37:24
  Speaker 2: with money, and like we're super super open about our
• 37:27
  Speaker 2: money together.
• 37:29
  Speaker 4: Like what I would say, I'd be like, oh.
• 37:31
  Speaker 2: My God, I've got fifteen thousand dollars and I'm like,
• 37:34
  Speaker 2: now I've got twenty thousand dollars and yeah.
• 37:37
  Speaker 3: Yeah, And you say it's not normal, And don't get
• 37:39
  Speaker 3: me wrong, it's not because normal would be defined as
• 37:41
  Speaker 3: something that like most people do. Yeah, but it's not unrealistic.
• 37:45
  Speaker 3: So it might not be the norm, but it's not impossible.
• 37:48
  Speaker 3: And I think that that's what's just so cool is
• 37:51
  Speaker 3: that these things are possible for us, and sometimes we
• 37:54
  Speaker 3: just need to hear stories of other people doing it
• 37:56
  Speaker 3: to be like, wait, that could be a possibility for me.
• 37:58
  Speaker 3: That's crazy, Like what could I do to step towards that?
• 38:01
  Speaker 3: And I mean, you know, there's a lot of and
• 38:03
  Speaker 3: I'm going to use the word privilege again, but privilege
• 38:06
  Speaker 3: involved with that because obviously you have to be in
• 38:08
  Speaker 3: the right place and have the right family to be
• 38:10
  Speaker 3: able to take that job, because otherwise, like that job
• 38:13
  Speaker 3: isn't just gonna you know, turn up, Like there aren't
• 38:16
  Speaker 3: that many jobs floating around where I'm like, well, if
• 38:18
  Speaker 3: you just move regionally, like that's not how it works,
• 38:22
  Speaker 3: but like what other things could you do? Like could
• 38:25
  Speaker 3: moving regionally and doing a job like yours beat an option, Like, yeah,
• 38:29
  Speaker 3: just there are so many opportunities out there and I
• 38:31
  Speaker 3: just love that we get to learn about them through
• 38:34
  Speaker 3: people like you on our show, Like what a privilege?
• 38:36
  Speaker 4: Yeah, and like it rents a lot cheaper if you
• 38:40
  Speaker 4: move regionally.
• 38:41
  Speaker 2: Obviously supermarkets are more expensive and things like that are
• 38:45
  Speaker 2: more expensive, but just day to day life I think
• 38:49
  Speaker 2: works out to be cheaper. And you know, there is
• 38:51
  Speaker 2: a lot of incentives for people to move regional. Like
• 38:54
  Speaker 2: I have a few friends who are teachers and they
• 38:56
  Speaker 2: get paid a fair bit more than people who are
• 38:59
  Speaker 2: teachers in CBD and things like that. So yeah yeah,
• 39:03
  Speaker 2: and like you know, you can buy a house for
• 39:05
  Speaker 2: three hundred thousand dollars.
• 39:07
  Speaker 3: So see that's crazy to me. Like not actually because
• 39:10
  Speaker 3: like I finance those houses day and day out, but
• 39:13
  Speaker 3: just like the idea that it's as accessible as it
• 39:16
  Speaker 3: is nowadays.
• 39:17
  Speaker 2: Yeah, I love it.
• 39:18
  Speaker 3: It makes me so happy. Yeah, money dost And what
• 39:20
  Speaker 3: do you think your worst money howbit is.
• 39:22
  Speaker 4: Honestly my spending guilt.
• 39:24
  Speaker 2: It's really really bad. Like I'll think on a purchase
• 39:28
  Speaker 2: for so so long, and like if I want to
• 39:31
  Speaker 2: buy a dress, I'll send it to all my friends
• 39:33
  Speaker 2: and then weeks later, I'll send it to all of
• 39:35
  Speaker 2: them again and I'll just like just get it, like,
• 39:38
  Speaker 2: come on.
• 39:38
  Speaker 3: That's definitely you putting more than twenty four hours between
• 39:41
  Speaker 3: you and your spending.
• 39:42
  Speaker 2: Yeah, and I just feel like guilty. And then I
• 39:45
  Speaker 2: think sometimes I don't think my friends understand that I
• 39:51
  Speaker 2: spend money on things I value and not on things
• 39:54
  Speaker 2: that I don't value, you know, So I don't know,
• 39:57
  Speaker 2: I don't want to go to the pub every night
• 39:58
  Speaker 2: of the week and get like a thirty dollars meal
• 40:01
  Speaker 2: because that's not something that I value and want to
• 40:03
  Speaker 2: spend my money on. Whether I might be like, oh,
• 40:07
  Speaker 2: you know, don't be cheap, like you can afford it,
• 40:09
  Speaker 2: and it's like, just because I can't afford it doesn't
• 40:11
  Speaker 2: mean that I want to spend my money on.
• 40:12
  Speaker 3: It exactly, And like we are all here spending money
• 40:15
  Speaker 3: in line with our values. And in your submission you said,
• 40:18
  Speaker 3: I just think I might always be the cheap friend.
• 40:21
  Speaker 2: Yeah.
• 40:22
  Speaker 3: What does that look like though? Like are you actually
• 40:25
  Speaker 3: being the cheap friend or are you being the smart
• 40:27
  Speaker 3: financial friend?
• 40:29
  Speaker 2: I think I'm being maybe a bit too savvy sometimes,
• 40:35
  Speaker 2: but not really like there's genuinely nothing that I've not
• 40:40
  Speaker 2: bought that I've really regretted, you know. So I think
• 40:44
  Speaker 2: it's just their perception of me probably being cheap and
• 40:49
  Speaker 2: not wanting to spend my money on lots of different things.
• 40:51
  Speaker 2: You know, if we go away and I'll always look
• 40:54
  Speaker 2: like the cheaper hotel option because it's just a place
• 40:58
  Speaker 2: to stay. It's not something that I want to go
• 41:01
  Speaker 2: big on. But yeah, I just do worry that I will.
• 41:05
  Speaker 2: I don't know. I just feel really really guilty spending
• 41:08
  Speaker 2: money sometimes and I think it's not good.
• 41:12
  Speaker 3: Yes and no, maybe your worst money habit is your
• 41:14
  Speaker 3: mindset around money still, because I think you can still
• 41:17
  Speaker 3: be the cheap friend and enjoy your friend's company and
• 41:23
  Speaker 3: be part of the action and be part of what's
• 41:25
  Speaker 3: going on, because you know that's me. Sometimes I'll be like, oh, oh,
• 41:29
  Speaker 3: come out. Yeah, but I don't really want to buy dinner,
• 41:32
  Speaker 3: like I'm maybe not feeling it or I just don't
• 41:35
  Speaker 3: want to eat there or whatever it is. Yeah, and
• 41:37
  Speaker 3: I think that that's absolutely fine. But also you're probably
• 41:40
  Speaker 3: teaching your friends some really good money habits, so they
• 41:43
  Speaker 3: are welcome.
• 41:44
  Speaker 5: Yeah.
• 41:44
  Speaker 4: I do love talking to my friends about money.
• 41:46
  Speaker 2: Sometimes I find it quite frustrating because I can see
• 41:50
  Speaker 2: what they're doing, and then they'll complain about not having money,
• 41:53
  Speaker 2: but I'll like have a bit of a background knowledge,
• 41:56
  Speaker 2: being like, well, I know why you don't, but it's
• 41:58
  Speaker 2: not really my place.
• 42:00
  Speaker 3: No, No, you can't be like, hey, did you realize
• 42:02
  Speaker 3: that you're the problem?
• 42:04
  Speaker 2: No exactly. So yeah, sometimes I do struggle with that,
• 42:09
  Speaker 2: or I think sometimes too, I compare myself to people
• 42:12
  Speaker 2: a lot, like where we live is quite a rich
• 42:16
  Speaker 2: farming area, and so I see a lot of wealth around,
• 42:21
  Speaker 2: and I see a lot of like rich people around,
• 42:24
  Speaker 2: you know, like helicopters, planes, brand new cars and things
• 42:28
  Speaker 2: like that. Wow. Yeah, so I see that, and I
• 42:31
  Speaker 2: think I wish that was me and comparing myself to them,
• 42:34
  Speaker 2: but you know, they've got intergenerational wealth backing them up also,
• 42:40
  Speaker 2: like they do obviously work very very hard for what
• 42:43
  Speaker 2: they have. So I think sometimes I compare myself.
• 42:46
  Speaker 3: You're also a baby, Like, let's remember that you're only
• 42:49
  Speaker 3: twenty five, and like the way that you're setting yourself up,
• 42:52
  Speaker 3: you're going to be part of that wealthy group at
• 42:55
  Speaker 3: some point in the future, Like you're just at a
• 42:57
  Speaker 3: different chapter, babe, Like, don't.
• 42:58
  Speaker 4: Stick ahead, you know, I do need to do that.
• 43:01
  Speaker 2: Like, oh, sometimes I talk about like getting because I
• 43:04
  Speaker 2: need to get a new car, but I'm not really
• 43:06
  Speaker 2: going to but I think, oh, like I don't need,
• 43:09
  Speaker 2: you know, a brand new three hundred series because I
• 43:12
  Speaker 2: don't have kids.
• 43:13
  Speaker 3: So no, no, but like it's nice to look.
• 43:17
  Speaker 2: Maybe when I'm like thirty five and have kids, then
• 43:19
  Speaker 2: I can get the mom car. But I don't need
• 43:22
  Speaker 2: the mom car right now.
• 43:23
  Speaker 3: No, And do you know what, Like as I say
• 43:26
  Speaker 3: to all of my friends who want the mom car
• 43:27
  Speaker 3: when they're not a mum, I'm like, now I'm a mom,
• 43:30
  Speaker 3: and my car is arguably not big enough. Like I
• 43:33
  Speaker 3: crave the little car. Like I saw a Mini Cooper
• 43:35
  Speaker 3: the other day and I was like, how cute would
• 43:37
  Speaker 3: that be to get around town and like you know,
• 43:40
  Speaker 3: zip in and out like at the moment my car.
• 43:43
  Speaker 3: You know, I just feel like we all want something
• 43:45
  Speaker 3: that we don't have, and like I think we need
• 43:48
  Speaker 3: to remind ourselves of that because it's just so easy
• 43:51
  Speaker 3: to want something other than.
• 43:53
  Speaker 2: What you have. Yeah. So definitely, like comparing myself to
• 43:57
  Speaker 2: you know, people who are in completely different situations in life,
• 44:00
  Speaker 2: life is probably not great to do.
• 44:02
  Speaker 3: Well, let's reframe it and see if we can use
• 44:04
  Speaker 3: them as inspiration to build more wealth.
• 44:06
  Speaker 2: Yeah, definitely, Money Diarist.
• 44:09
  Speaker 3: At the start of the show, you gave me a
• 44:11
  Speaker 3: money grade. Now that we've spoken, do you think that's
• 44:14
  Speaker 3: still reflective or do you think it would change it
• 44:17
  Speaker 3: a little bit?
• 44:18
  Speaker 2: Nah, I think I'd probably stick with the B plus.
• 44:21
  Speaker 2: There's a few things that I need to sort of
• 44:24
  Speaker 2: fix with my mindset. I think around spending la. I
• 44:29
  Speaker 2: think I'm good with money, but I think the spending
• 44:32
  Speaker 2: guilt is probably not great. And then yeah, I know
• 44:36
  Speaker 2: I saw that personal insurance.
• 44:39
  Speaker 3: I mean that would definitely take you up to an A. Yeah, absolutely,
• 44:43
  Speaker 3: and that's an easy win. Yeah, I won't argue with you.
• 44:46
  Speaker 3: I feel like we're all on our own journey. But like,
• 44:49
  Speaker 3: comparison is literally the thief of joy, and I think
• 44:52
  Speaker 3: the thing that we need to remember is that even
• 44:54
  Speaker 3: those people that we're comparing ourselves to, they're comparing themselves like, yeah,
• 44:59
  Speaker 3: just the idea, Yeah that you know, they might be
• 45:01
  Speaker 3: flying off in a helicopter, that's great, They're looking at
• 45:04
  Speaker 3: their friends who have the better helicopter, and like, we
• 45:07
  Speaker 3: need to be really happy with what we have because
• 45:11
  Speaker 3: from my perspective, How on earth are you going to
• 45:14
  Speaker 3: be happy with more if you're not grateful for what
• 45:17
  Speaker 3: you already have? Yeah, And like I try to ground
• 45:20
  Speaker 3: myself in that a lot, because I'm like, no, no, no,
• 45:22
  Speaker 3: Like I'm really grateful for where I am and what
• 45:24
  Speaker 3: I have, because how on earth are we going to
• 45:26
  Speaker 3: be excited about the next thing? And like, girlfriend, like
• 45:29
  Speaker 3: let's just like pretend tomorrow you get a helicopter. Amazing,
• 45:34
  Speaker 3: but like, one, what the heck are we going to
• 45:36
  Speaker 3: do with it? True, if we're not grateful for what
• 45:38
  Speaker 3: we have at home, we're then going to get the
• 45:40
  Speaker 3: helicopter and then be looking for the next thing.
• 45:42
  Speaker 2: Yea.
• 45:42
  Speaker 3: And like there's something to say about people who were
• 45:45
  Speaker 3: just full of gratitude, and like I'm just always looking
• 45:49
  Speaker 3: at like the mindset of other people. And now I
• 45:52
  Speaker 3: feel like and again, comparison is the thief of joy.
• 45:56
  Speaker 3: I have to keep reminding myself that. But like I'm
• 45:58
  Speaker 3: now comparing myselves to people who while like, oh I'm
• 46:01
  Speaker 3: so happy, I'm so fulfilled, I'm so this, I'm so that,
• 46:03
  Speaker 3: And then I'm like I want to be you too,
• 46:04
  Speaker 3: So like I feel like you never escape it, but
• 46:06
  Speaker 3: you've got to consistently remind yourself, no, that's not where
• 46:09
  Speaker 3: I want to be. No, that's not where I want
• 46:11
  Speaker 3: to be, and like remind yourself that you're a bad
• 46:13
  Speaker 3: us too.
• 46:14
  Speaker 2: Yeah. Yeah, I think I need to be more grateful
• 46:17
  Speaker 2: for the season that I'm in at the moment and
• 46:21
  Speaker 2: appreciate what I do have and how fortunate I am
• 46:24
  Speaker 2: compared to other people, but also acknowledge that I did
• 46:28
  Speaker 2: make sacrifices and like work hard to get to where
• 46:31
  Speaker 2: I am. Yeah you did this?
• 46:33
  Speaker 3: Yeah, how cool money, Diris. It has been an absolute
• 46:37
  Speaker 3: pleasure having you on the show, and I just know
• 46:39
  Speaker 3: so many people are going to be as perfy on
• 46:41
  Speaker 3: what cattle genetics looks like as I am, but also
• 46:44
  Speaker 3: about your whole money story, like genuinely so impressive. So
• 46:48
  Speaker 3: thank you so much for spending so much time with me.
• 46:50
  Speaker 3: I really appreciate it.
• 46:51
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• 47:00
  Speaker 6: general in nature and does not consider your individual circumstances.
• 47:03
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• 47:07
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• 47:09
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• 47:13
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