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MONEY DIARIES: The Pressure To Be Perfect · She's On The Money

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Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
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Speaker 1: the Order Kerney Whoalbury and a waddery woman. And before
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Speaker 1: we get started on She's on the Money podcast, I
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Speaker 1: would like to acknowledge the traditional custodians of the land
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Speaker 1: of which this podcast is recorded on a wondery country,
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Speaker 1: acknowledging the elders, the ancestors and the next.
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Speaker 2: Generation coming through.
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Speaker 1: As this podcast is about connecting, empowering, knowledge sharing and
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Speaker 1: the storytelling of you to make a difference for today
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Speaker 1: and lasting impact for tomorrow.
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Speaker 2: Let's get into it.
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Speaker 3: She's on the Money, She's on the Money.
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Speaker 2: Hello, and welcome to She's on the Money, the podcast
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Speaker 2: for millennials who want financial freedom. Welcome back to another
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Speaker 2: one of our money daries, where I have the absolute
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Speaker 2: privilege of sitting down with one of our incredible She's
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Speaker 2: on the Money community members and talking all about their
1:12
Speaker 2: money story. Let's jump straight into it, because this week
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Speaker 2: I got a message and it sounded like this. Hi, Victoria.
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Speaker 2: I recently quit a toxic, yet well paying one hundred
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Speaker 2: and twenty five thousand dollars plus tech job to run
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Speaker 2: my small business full time at twenty four years old.
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Speaker 2: Working with my dad. As an immigrant, I always felt
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Speaker 2: family and societal pressure to achieve, and I'm still struggling
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Speaker 2: with comparing myself to my peers with a more traditional
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Speaker 2: career path, and I'm second guessing if I made the
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Speaker 2: right decision. I want to share my story of consolidating
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Speaker 2: pressure and finding my truth with the community. Money Darist,
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Speaker 2: Welcome to the show. What a good story to share.
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Speaker 4: Thank you. Yeah, that was an excellent summary.
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Speaker 2: I am so excited. I feel like this will be
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Speaker 2: a really, really good story to share because background, my
2:02
Speaker 2: producer has told me that you moved here at five
2:05
Speaker 2: from China and you didn't know any English, and now
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Speaker 2: you're running a business here like look at her glow up.
2:11
Speaker 2: I love this, but let's get into it, money Darius,
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Speaker 2: The first question we always ask is if I asked
2:17
Speaker 2: you to give your money habits a grade from A
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Speaker 2: through to F, what would you grade them?
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Speaker 4: I think I'd give myself a B a B, which is,
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Speaker 4: you know, like, I think it's good, but it could
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Speaker 4: be better.
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Speaker 2: Love all right. My favorite question comes as no surprise
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Speaker 2: to anybody. Can you tell me a little bit more
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Speaker 2: about your history and your money story.
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Speaker 4: Yeah, sure, I think, Yeah, you mentioned like I am
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Speaker 4: a first gen immigrant, so I think my story in
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Speaker 4: some parts might be quite like typical of like a
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Speaker 4: lot of immigrants. But I guess the gist of it is,
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Speaker 4: grew up with not much money at all, moved here
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Speaker 4: when I was five from China with mom and dad,
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Speaker 4: and and yeah, I had no English ability at all.
3:04
Speaker 4: And yeah, without like the help of some really nice
3:08
Speaker 4: like ESL teachers back then, I felt like I would
3:12
Speaker 4: have just been, yeah, just way out of my depth.
3:15
Speaker 4: I think it's easier to stomach as a child, really young,
3:20
Speaker 4: moving overseas, because you know, you're sort of like a
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Speaker 4: sponge and you soak everything up. So within a couple
3:27
Speaker 4: of years I was sort of like any other kid
3:30
Speaker 4: on the playground. But definitely those first years were really tough,
3:34
Speaker 4: especially I think for my parents. They were both like
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Speaker 4: uni educated, but when they came back here to Australia.
3:41
Speaker 4: So when they came to Australia, they basically had to
3:44
Speaker 4: start from scratch. They were like working in factories and
3:48
Speaker 4: doing like delivery driver jobs and yeah, just trying to
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Speaker 4: you know, earn an income to support the three of us.
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Speaker 4: I remember when we first moved here, like we were
3:59
Speaker 4: living in like a tiny flat. I think I remember
4:02
Speaker 4: literally sleeping on a mattress on the floor. It was
4:05
Speaker 4: really like bare boons at that time. But I think
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Speaker 4: also like benefit of being a small kid, you don't
4:12
Speaker 4: like that sort of stuff. You sort of you know,
4:14
Speaker 4: don't really remember it.
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Speaker 2: You don't care. It's novel, it's new, Like it doesn't
4:18
Speaker 2: matter that the mattresses on the floor. I had a
4:20
Speaker 2: good sleep, right exactly.
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Speaker 4: Yeah, And like you know, I'm with mum and dad
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Speaker 4: and that's sort of all that matters. I remember, like,
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Speaker 4: despite being in like a not so great area of town,
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Speaker 4: like we had really lovely neighbors and most of them
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Speaker 4: were immigrants as well, and they would like leave me
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Speaker 4: secondhand toys and books outside the door.
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Speaker 2: That's so sweet. It it'd be like coming home to
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Speaker 2: a surprise. Yeah.
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Speaker 4: Yeah, And that was like my first impression as a
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Speaker 4: kid was that this.
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Speaker 2: Place is great.
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Speaker 4: Yeah, this place is great. He would just give me
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Speaker 4: free stuff now hundred percent.
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Speaker 2: Like if I was five and people were leaving toys
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Speaker 2: on my Doorsteff, I'd be like, this place is lit.
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Speaker 4: I think they just felt really sorry for us. But yeah,
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Speaker 4: my first impression was, yeah, like, you know, despite people
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Speaker 4: here probably not all having that much, like, they were
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Speaker 4: all still willing to sort of band together as a community,
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Speaker 4: and I guess make you know, the newcomers' lives a
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Speaker 4: bit easier, which I just found really heartwarming looking back
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Speaker 4: on it.
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Speaker 2: That's so kind though. That's the kind of I guess
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Speaker 2: community and hospitality that you deserve if you're new to
5:27
Speaker 2: a country, like I feel like everyone should experience that.
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Speaker 4: Yeah, exactly, Well, sorry, I guess back to the story,
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Speaker 4: Like my parents, they did work really hard, and I
5:37
Speaker 4: think their hard work really did pay off because they
5:40
Speaker 4: started a business in importing and wholesaling, and bit by
5:45
Speaker 4: bit it started to I guess, grow bigger and able
5:50
Speaker 4: to sustain our family. But it wasn't until I was
5:53
Speaker 4: sort of well into my late teens that my family's
5:55
Speaker 4: financial situation improved, and then we were sort of sending
6:00
Speaker 4: my siblings to private schools, family holidays every year sort
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Speaker 4: of thing. But growing up, I did not have any
6:07
Speaker 4: of these privileges. I like to tell my siblings, I
6:10
Speaker 4: walked so they could run.
6:12
Speaker 2: Yes, you did, That's exactly what happened.
6:14
Speaker 4: Yeah, jokes, but not really.
6:17
Speaker 2: You're like sorry, not sorry. Also, I'm joking, not joking.
6:21
Speaker 2: So you moved here when you were five, and you
6:23
Speaker 2: didn't have any siblings at that point because you said
6:25
Speaker 2: it was just the three of us. How old are
6:27
Speaker 2: your siblings in comparison to you?
6:29
Speaker 4: So I have three siblings.
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Speaker 2: Oh wow, I did not see that coming.
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Speaker 4: So quite a large family, I think by today's standards.
6:37
Speaker 4: I've got my two sisters are four years younger, once
6:41
Speaker 4: eight years younger, and my little brother's actually twelve years younger.
6:45
Speaker 4: Oh how exciting, big age gap. And it's funny because
6:50
Speaker 4: I think for the past like ten years, we've always
6:53
Speaker 4: had like at least one child in a family in
6:55
Speaker 4: a different stage of like schooling.
6:58
Speaker 2: So yeah, yeah, that's the like that's when people say,
7:02
Speaker 2: oh my gosh, I can't wait to get out of
7:04
Speaker 2: nappy's stage, Like your parents really did say we enjoy that,
7:07
Speaker 2: and then just kept putting themselves back in there, like
7:09
Speaker 2: they didn't even you know, try and knock a couple
7:12
Speaker 2: together so that you could just do the nappy stage together.
7:15
Speaker 2: They were like, let's just go back to the start,
7:16
Speaker 2: start from scratch, like we want this to be as
7:19
Speaker 2: hard as possible for us.
7:21
Speaker 4: Exactly every four years, it's like start over again.
7:25
Speaker 2: Why don't we just do this again? I love that
7:27
Speaker 2: for them. Genius is actually tell my mom that From
7:31
Speaker 2: time to time, I feel like, why did you do this?
7:34
Speaker 2: Like I love my siblings, but also you're crazy exactly, No,
7:38
Speaker 2: that's so special. Having three siblings must be a lot
7:41
Speaker 2: of fun. I want to know more about now who
7:44
Speaker 2: you are, So, you know, growing up obviously that was
7:47
Speaker 2: the case, you're now an adult. What happened between being
7:51
Speaker 2: a teenager and your money story changing and today.
7:55
Speaker 4: I'd say because of the way I grew up, I
7:59
Speaker 4: guess I and like the way that my parents sort
8:02
Speaker 4: of you know, hustled head down trying to just make
8:05
Speaker 4: enough money to survive and just like put food on
8:08
Speaker 4: the table. I guess I grew up with that motto
8:11
Speaker 4: of like money's meant to be saved and not spent,
8:16
Speaker 4: and if it's spent then it has to be like
8:19
Speaker 4: for necessities only, which is I guess, like a you know,
8:23
Speaker 4: solid mindset to start from. But I feel like it
8:27
Speaker 4: sort of had impacts on me later on when I
8:31
Speaker 4: had my own money as well, because I felt like
8:34
Speaker 4: I would get like a bit of spending anxiety even
8:38
Speaker 4: on like things that were necessities, like bills or like
8:41
Speaker 4: groceries or yeah, just like food and stuff, Like I
8:46
Speaker 4: would like put off paying bills to the last day,
8:49
Speaker 4: for example, just to I don't know, stretch it out,
8:52
Speaker 4: even though I knew I'd eventually have to pay it.
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Speaker 2: I feel like that's really common though. I feel like
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Speaker 2: that's so common, especially for people in your circa stance,
9:00
Speaker 2: where if you didn't come from money, then finally having it,
9:03
Speaker 2: it's really hard to part with it. And that's often
9:06
Speaker 2: obviously relatively crippling because it doesn't put you in the
9:09
Speaker 2: best possible financial position. Because I know if I sat
9:12
Speaker 2: you down at the time a bill with you and
9:14
Speaker 2: I'll be like, it's better to pay it early, right,
9:16
Speaker 2: you'd be like absolutely, Victoria, like get it off my plate.
9:19
Speaker 2: But then in the background, it's this mental anguish of going,
9:22
Speaker 2: but if I pay it, the money's out of my
9:24
Speaker 2: account and what if something happens and I need the
9:27
Speaker 2: money for something, And I just I think that's really relatable.
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Speaker 4: Yeah, yeah, it's always the like what if some big
9:35
Speaker 4: thing happens and I suddenly need to take a lot
9:38
Speaker 4: of money for that. I think like the concept of
9:41
Speaker 4: having an emergency fund has helped me in that aspect.
9:44
Speaker 4: So it's sort of like that waights off my mind.
9:48
Speaker 2: Yeah, that's good. That's good. I really like that. I
9:51
Speaker 2: want to know. You mentioned in your story in that
9:54
Speaker 2: you used to have a job and now you have
9:56
Speaker 2: your own business with your dad. What do you do
9:58
Speaker 2: for work and how much money do you earn?
10:01
Speaker 4: Yeah? So right now I run a small property management
10:05
Speaker 4: business of my dad with my dad as the business partner,
10:09
Speaker 4: my sole business partner. We specialize in short term and
10:13
Speaker 4: vacation rentals, and we help our clients of everything from
10:18
Speaker 4: like setting up their property and marketing it to like
10:21
Speaker 4: managing bookings and guests and housekeeping. So basically like everything
10:26
Speaker 4: you need to run a successful short stay or vacation rental.
10:30
Speaker 2: That's very cool.
10:31
Speaker 4: And within that, I because it's really just us too,
10:35
Speaker 4: wear a lot of hats. In terms of pay, I
10:38
Speaker 4: currently pay myself fifty five K plus super plus a
10:42
Speaker 4: ten percent profit share. And you know, although that's what
10:47
Speaker 4: we have on paper, I'm actually thinking of like putting
10:50
Speaker 4: that ten percent back into the business instead of taking
10:53
Speaker 4: it for myself, just because I think like at this point,
10:58
Speaker 4: investing in the business and helping it grow is yeah,
11:02
Speaker 4: really my priority. And I think with the way I live,
11:06
Speaker 4: especially like after taking a pay cut, like I don't
11:10
Speaker 4: have a really fancy line for anything, Like I'm able
11:13
Speaker 4: to sort of maintain my current lifestyle.
11:16
Speaker 2: I like that tell me more about these business Like
11:20
Speaker 2: how did you know that you wanted to go all
11:22
Speaker 2: in and quit your big paying job. You're one hundred
11:24
Speaker 2: and twenty five grand and then you're like, you know what,
11:27
Speaker 2: I'm just going to start my own business. What was
11:29
Speaker 2: that thought process and what made you confident to do it?
11:33
Speaker 4: Yeah, well I definitely wasn't confident to do it, just
11:37
Speaker 4: to put that out there, and I think I know
11:41
Speaker 4: mentioned in my submission in that like to this day,
11:45
Speaker 4: like I.
11:45
Speaker 2: Still second guess your decision.
11:48
Speaker 4: Yeah, like second guessing, have doubts come up time to time.
11:52
Speaker 4: But from like I guess talking to like you know,
11:56
Speaker 4: mentors or other people who have run businesses, it seems
12:00
Speaker 4: like they always tell me that's quite common.
12:03
Speaker 2: It's very normal. I question myself literally every day. I
12:06
Speaker 2: have the worst imposter syndrome in the entire world. I
12:09
Speaker 2: genuinely believe that after nearly five hundred podcast episodes, someone's
12:13
Speaker 2: going to listen to my podcast and be like, she
12:14
Speaker 2: doesn't know what she's talking about. Get her off, get
12:16
Speaker 2: her off here? What the hell? Who let her hear?
12:19
Speaker 4: Like?
12:19
Speaker 2: Who let her out of this house?
12:20
Speaker 1: Like?
12:20
Speaker 2: Absolutely not? Put her back in a box, like cancel,
12:23
Speaker 2: she's on the money. It's toxic. It doesn't help anybody,
12:27
Speaker 2: does it?
12:27
Speaker 4: One hundred percent? Like it's it's definitely like the impost syndrome.
12:32
Speaker 4: And yeah, that's exactly the same spiral.
12:34
Speaker 2: I go down. You're like, I don't deserve to be
12:36
Speaker 2: running a business? Who who am I? What audacity have
12:39
Speaker 2: I got? But do you know what? I learned a
12:41
Speaker 2: lot about you when you told me what you earned
12:43
Speaker 2: and the fact that you've probably got an incredibly well
12:45
Speaker 2: structured business and financial plan. When you say I pay
12:48
Speaker 2: myself fifty five thousand dollars plus super organized tax, and
12:52
Speaker 2: I also have a ten percent profit share? How did
12:55
Speaker 2: you learn to structure a business that way so early,
12:58
Speaker 2: my friend? Because that's not normal. Most people just take
13:01
Speaker 2: out some cash to pay their bills. They don't pay
13:03
Speaker 2: themselves super They're definitely not talking about profit share, especially
13:07
Speaker 2: this early on, Like where's this come from? Why are
13:09
Speaker 2: you so smart?
13:10
Speaker 4: I'd say the fifty five K. I sort of just
13:14
Speaker 4: calculated the amount that I would need to just live on,
13:18
Speaker 4: and I cut down a lot of my expenses by
13:22
Speaker 4: first of all moving from my very nice apartment in
13:27
Speaker 4: the city to you know, into the suburbs of my partner.
13:30
Speaker 4: And then I guess having shared living costs that way
13:34
Speaker 4: has really helped with like budgeting. As I said before,
13:39
Speaker 4: like I don't really have a very glam life apart
13:42
Speaker 4: from I guess, like a holiday every year. Like there's
13:46
Speaker 4: not like I'm not going out to like fine dining
13:49
Speaker 4: or high end places or shopping a lot. I guess
13:52
Speaker 4: I'm lucky in that my lifestyle has always been quite manageable.
13:56
Speaker 4: I guess the downside is then obviously I'm not saving
14:00
Speaker 4: as much like you know in my bank account, or
14:02
Speaker 4: investing as much. But I sort of think of it
14:05
Speaker 4: the other way, which is like I'm investing in the
14:08
Speaker 4: business instead, and eventually like this is the biggest investment,
14:12
Speaker 4: it's hopefully going to have the biggest returns as far
14:14
Speaker 4: in the future.
14:15
Speaker 2: How did you structure this so you thought, all right,
14:18
Speaker 2: I'm going to start a business. I'm assuming you went
14:21
Speaker 2: onto the government website registered in ABN, But how did
14:25
Speaker 2: you know what to do next? How did you know
14:27
Speaker 2: what to do about accounting and you know, marketing and
14:31
Speaker 2: finance and even hr like what does all of that
14:35
Speaker 2: look like and how did you learn?
14:37
Speaker 4: Yeah, I think it's a combination of my dad already
14:41
Speaker 4: having run a business in the past, so he's you know,
14:44
Speaker 4: already operating a small business, albeit like in a completely
14:47
Speaker 4: different industry. So he sort of needed a process of
14:51
Speaker 4: like setting up an ABN, setting up an ACN and
14:54
Speaker 4: all of that and sort of the paperwork behind it.
14:57
Speaker 4: Already had like a business accountant, so we were able
15:01
Speaker 4: to leverage that, but also everything else, like I think
15:05
Speaker 4: came from like just researching digging through Google, and also
15:09
Speaker 4: just like from my past experiences is working in my
15:14
Speaker 4: day job. Since graduating, I've worked in marketing, I've worked
15:20
Speaker 4: in consulting and then most recently tech and I think
15:24
Speaker 4: given the structure of some of those companies as well,
15:27
Speaker 4: some were large organizations, some were startups, I was like
15:31
Speaker 4: exposed to like different areas in each business and sort
15:35
Speaker 4: of how they manage their employees and like, for example,
15:39
Speaker 4: the startup had options for employees to you know, buy
15:43
Speaker 4: shares and you know, become like part of the business
15:47
Speaker 4: and participate in that profit share scheme as well. So
15:51
Speaker 4: that sort of came from yeah, just a I guess
15:54
Speaker 4: margamation of yeah, different experiences I had sort of gathered
15:58
Speaker 4: last free years of work, but definitely not perfect.
16:01
Speaker 2: No, that's fine. It's just really cool to understand how
16:04
Speaker 2: people start, because I think a lot of us have
16:07
Speaker 2: the aspiration of being like, well, maybe one day I'll
16:09
Speaker 2: start a business, but like how and I promise it's
16:12
Speaker 2: not as hard as people think it is. Running the
16:13
Speaker 2: business is hard, but starting the business is very easy.
16:18
Speaker 2: Why property management, my friend, how did you fall into that?
16:21
Speaker 2: When did you realize that that was something that you
16:23
Speaker 2: were like, do you know what? I think I could
16:24
Speaker 2: make a whole business out of this.
16:26
Speaker 4: How it all sort of started, was, I guess before
16:32
Speaker 4: I started my grad job. So out of UNI, I
16:36
Speaker 4: helped my dad set up the first property online, and
16:40
Speaker 4: that was like an investment property that he had originally
16:44
Speaker 4: purchased and wanted to live in after retirement and occasionally
16:48
Speaker 4: use it as like a holiday home. He sort of
16:51
Speaker 4: just asked me like, hey, do you want me to
16:53
Speaker 4: help me manage this property? Sort of as like a
16:56
Speaker 4: side thing like then that was really the original intent
17:00
Speaker 4: for it to be sort of like a thing that
17:02
Speaker 4: I set and forget, and it's sort of, you know,
17:05
Speaker 4: just one property runs on its own, not that much overhead.
17:09
Speaker 4: So I originally started with that, and yeah, it was
17:12
Speaker 4: really trial and error for like the first few months.
17:15
Speaker 4: I quickly realized that there's a totally different level of
17:18
Speaker 4: risk running like a short stay rental versus like just
17:22
Speaker 4: a long term lease, because a long term lease is
17:25
Speaker 4: really just set and forget, right, like you just want
17:27
Speaker 4: someone who pays the bills on time, whereas a short stay.
17:31
Speaker 4: I realized that this is like a business, Like there's
17:34
Speaker 4: like communication with like people coming in and out, organizing
17:39
Speaker 4: like housekeeping, schedules, marketing it so you know, in the
17:44
Speaker 4: high seasons you can attract more bookings and then the
17:48
Speaker 4: low seasons you sort of have different pricing strategies to
17:52
Speaker 4: sort of shoulder it as well. But yeah, that's sort
17:55
Speaker 4: of how it started. And for a while it was
17:58
Speaker 4: sort of you know, cruise, you we were trial and
18:01
Speaker 4: erroring it the point where I realized like, oh, this
18:06
Speaker 4: is you know, like a business, this is.
18:08
Speaker 2: The whole thing.
18:09
Speaker 4: Yeah, yeah, yeah, like it's actually gaining some traction is
18:13
Speaker 4: when we started getting noticed by like other property owners
18:17
Speaker 4: nearby asking us.
18:18
Speaker 2: Like hey, who manages your property?
18:20
Speaker 4: Yeah? Yeah, like would you possibly be interested in helping
18:25
Speaker 4: us manage ours? Or like you know, how do you
18:27
Speaker 4: do it? And it was then that we acquired a
18:32
Speaker 4: few more under our management. But one thing I'd like
18:35
Speaker 4: to say is at this time, like our infrastructure did
18:39
Speaker 4: not support it, yeah, or like it was really yet
18:41
Speaker 4: breaking point, like because he had asked me to set
18:44
Speaker 4: up this one property for him when I was just
18:47
Speaker 4: out of UNI, before I had even started a full
18:50
Speaker 4: time job. Yet our operating like processes and procedure were
18:55
Speaker 4: like bare bones. It was basically just an Excel sheet
18:59
Speaker 4: with like a to random formulas that I had made.
19:02
Speaker 2: Is that's the easiest thing to do when you just
19:03
Speaker 2: have one thing to do exactly?
19:05
Speaker 4: It was like the MVP, right, And it was just
19:09
Speaker 4: like a few message templars I had written up. There
19:11
Speaker 4: was like no chat GPT, so I just you know
19:14
Speaker 4: wrote all of them myself.
19:15
Speaker 2: Oh chat GPT would do amazing things for you now,
19:18
Speaker 2: right right, so incredible.
19:21
Speaker 4: Yeah, So it was really really like their votes. Everything
19:25
Speaker 4: was like manual on EXL so when we got a
19:29
Speaker 4: few more properties under management. To be honest, I feel
19:32
Speaker 4: like I could have buffed up the tech more at
19:34
Speaker 4: that time, but because I was also by that time
19:37
Speaker 4: also juggling a full time job, I just didn't have
19:41
Speaker 4: like the time or energy to invest into it. So
19:44
Speaker 4: it was really like bootstrapping it.
19:46
Speaker 2: For a while, just get it done.
19:48
Speaker 4: Yeah, exactly. And yeah, because my intention had always been,
19:53
Speaker 4: my thinking has always been like, oh yeah, I'm just
19:56
Speaker 4: gonna you know, through my day job. I'm gonna go
19:59
Speaker 4: and you know, start my career, and I'm going to
20:02
Speaker 4: progress along in my career in like a completely different field.
20:06
Speaker 4: This is just like a humble side hustle that I'm doing.
20:10
Speaker 4: I didn't really invest that much more into it. I'd say,
20:15
Speaker 4: like the point when I decided that I could go
20:20
Speaker 4: full time into this business, it was because of like
20:25
Speaker 4: several reasons, I guess. First of all, the current job
20:29
Speaker 4: that I was in, the one right before this was,
20:32
Speaker 4: like I mentioned in my submission, a bit toxic.
20:36
Speaker 2: Yeah.
20:36
Speaker 4: And I don't want to say that word lightly as well,
20:39
Speaker 4: because it is like quite a strong word.
20:41
Speaker 2: It was really bad.
20:43
Speaker 4: It was really bad, Like it was. It was full
20:45
Speaker 4: of politics, a lot of red tape. It was a
20:48
Speaker 4: large organization and just like a poor work culture, and
20:52
Speaker 4: I was just like mentally and emotionally drained every day
20:56
Speaker 4: working there. But at the same time, it was like
20:59
Speaker 4: I was getting paid like a good salary.
21:02
Speaker 2: There's always a trade off.
21:04
Speaker 4: Yeah, yeah, So it really took a lot of I guess,
21:10
Speaker 4: like convincing from I guess like my partner and also
21:14
Speaker 4: myself to make that switch, because I think by that
21:18
Speaker 4: point I was like still so focused on like the
21:21
Speaker 4: dollar figure and like the number.
21:23
Speaker 2: And that would have meant a lot to you as well,
21:25
Speaker 2: especially in your background, the idea of earning one hundred
21:29
Speaker 2: and twenty five thousand dollars at twenty three, Like, I
21:32
Speaker 2: don't know, if I could have walked away from that,
21:34
Speaker 2: I would have stayed in my little toxic bubble of
21:36
Speaker 2: toxicness and pretended I liked it.
21:39
Speaker 4: Yeah, yeah, exactly. And I think what it came down
21:43
Speaker 4: to was like after just being so like emotionally drained
21:48
Speaker 4: every day, just wondering to myself, like is this actually
21:53
Speaker 4: worth it? Like first of all, like my lifestyle isn't
21:56
Speaker 4: like I don't need a lot of money to just
21:59
Speaker 4: live mine lifestyle like, yes, I was saving a lot,
22:01
Speaker 4: which was good. But at the end of the day,
22:04
Speaker 4: like you know, I think you like you talk about
22:07
Speaker 4: values on your podcast, and I think it that's sort
22:11
Speaker 4: of what it came down to, is like the life
22:14
Speaker 4: that I want to lead in the future. Like I
22:17
Speaker 4: sort of I realized, like, hey, I just need to
22:20
Speaker 4: make enough money to facilitate the sort of life I
22:22
Speaker 4: want in the future.
22:24
Speaker 2: I love I love it that's the way you're thinking about.
22:27
Speaker 4: It, rather than like just reach like a really high,
22:33
Speaker 4: arbitrary figure that you know will never be enough, Like
22:36
Speaker 4: if you'll just focused on a figure, go high higher,
22:39
Speaker 4: but the trade off is like work life balance or
22:43
Speaker 4: mental health, and like, that's not what I want to
22:46
Speaker 4: see in my future. So I guess it was realizing that,
22:50
Speaker 4: but realizing that was also kind of painful because it
22:54
Speaker 4: was then like going back and realizing, like, oh, what
22:57
Speaker 4: have I worked so hard for?
22:58
Speaker 2: I guess, Yeah, but you learned a lot. Yeah, and
23:02
Speaker 2: you learn a lot about what you didn't like and
23:04
Speaker 2: what you wouldn't accept. And I think that sometimes we
23:07
Speaker 2: disregard how much we've learned, even though it's not super positive.
23:11
Speaker 2: But yeah, pay off in the future. I promise.
23:14
Speaker 4: Yeah, yeah, one hundred percent. Like I sort of, you know,
23:18
Speaker 4: took it always learning experiences, but I did sort of,
23:22
Speaker 4: upon reflection, look back and sort of realize that I
23:25
Speaker 4: had pinned a lot of my self worth to my
23:29
Speaker 4: achievements and by like how much I was making or
23:33
Speaker 4: what I was doing, and and it's like really dangerous,
23:37
Speaker 4: I feel to think that way, because yeah, like when
23:41
Speaker 4: what you're doing no longer sort of fulfills you anymore,
23:45
Speaker 4: like I was feeling in my last job, your self
23:48
Speaker 4: worth or like your sense of self starts chipping away
23:51
Speaker 4: as well, because it's so like inextricably tied in your
23:55
Speaker 4: mind to your achievements and what you're doing.
23:57
Speaker 2: Yeah, that's so true.
23:58
Speaker 4: So it's like your whole reality, Like YEAHS questioned.
24:02
Speaker 2: Yeah, oh my gosh, I'm so excited that you did
24:05
Speaker 2: it though. That's so good.
24:07
Speaker 3: Yeah.
24:08
Speaker 4: Yeah, so it was definitely like a leap of faith.
24:10
Speaker 2: But yeah, I think a calculated one.
24:13
Speaker 4: Yes, hopefully calculated.
24:14
Speaker 2: I love that.
24:15
Speaker 4: But yeah, this opportunity as well to run a full
24:18
Speaker 4: time also, I guess appeared at the right time and
24:20
Speaker 4: place as well, because, as I said, we were sort
24:25
Speaker 4: of at breaking point with how we were managing it
24:28
Speaker 4: like our current operations. Our current infrastructure wasn't supporting like
24:33
Speaker 4: the amount of I guess, like bookings or like traffic
24:37
Speaker 4: and revenue that we were taking.
24:39
Speaker 2: Yeah, that's fair as well.
24:41
Speaker 4: Like it was literally the same Excel spreadsheet and formulas
24:45
Speaker 4: I had made years ago.
24:47
Speaker 2: Please tell me we've retired the XCEL.
24:50
Speaker 4: Oh my gosh, it's it's really bad.
24:53
Speaker 2: Like no, not, we all start somewhere. My entire business
24:56
Speaker 2: used to be run on XL and it was embarrassing
24:58
Speaker 2: the day I walked into my account and I, I
25:00
Speaker 2: think I've got a legit business and we probably should
25:03
Speaker 2: have accounting software. And you said, m Yeah, I told
25:06
Speaker 2: you that twelve months ago. So you know what. I
25:09
Speaker 2: did my stuff in my time, and I'm sure you
25:11
Speaker 2: did too. But we're just we're all just trying our
25:13
Speaker 2: best out here.
25:14
Speaker 4: Okay, exactly exactly. It's MVP. It's you know, the minimum
25:18
Speaker 4: viable product, it's it's whatever works exaxactly. All right.
25:22
Speaker 2: I want to know, can you tell me a bit
25:24
Speaker 2: more about your big money goals? Like what are you
25:26
Speaker 2: working towards?
25:28
Speaker 4: Yeah, so a big money goal right now is definitely
25:31
Speaker 4: purchasing our next home with my partner. So in the
25:34
Speaker 4: next four to five.
25:36
Speaker 2: Years, do you already own a home.
25:38
Speaker 4: Yes, both of us own a home.
25:40
Speaker 2: A big dog, energy, she's a baby, she has her
25:43
Speaker 2: own business, she owns a home. She wants to buy
25:45
Speaker 2: another one, of course she does.
25:48
Speaker 4: Yeah, so that's our money goal in the next four
25:52
Speaker 4: to five years. So it's still quite a while away.
25:54
Speaker 2: Four to five years. That's tomorrow. That's so soon. That's
25:58
Speaker 2: so exciting.
26:00
Speaker 4: Yeah, yeah, so you know, yeah, hoping by then we'll
26:03
Speaker 4: both have enough like borrowing power and you know, would
26:07
Speaker 4: have saved up a bit as well to make that purchase.
26:10
Speaker 4: And you know, we might have to sell one of
26:13
Speaker 4: both properties. Depends how we go. I see, I guess.
26:17
Speaker 2: Oh how exciting. All right, I have a lot more
26:20
Speaker 2: questions for you. We're going to go to a really
26:22
Speaker 2: quick break and on the flip side. I want to
26:24
Speaker 2: know more about your investments, your properties. I want to
26:26
Speaker 2: know about debt, and I also want to know about
26:28
Speaker 2: your best and worst money habits. Don't go anywhere, guys.
26:35
Speaker 2: All right, money diarist, we are back, and you slipped
26:39
Speaker 2: in that you might have to sell one or both properties.
26:42
Speaker 2: Are you trying to tell me that you've got multiple properties.
26:45
Speaker 2: If so, can you tell me about your investments, my friend.
26:48
Speaker 4: Yeah, definitely not multiple. I do have one investment property
26:52
Speaker 4: that I got about a year ago. It's an investment
26:56
Speaker 4: property that I do get rental income from, so it
27:01
Speaker 4: adds about twenty k to my income every year.
27:04
Speaker 2: Oh how cool.
27:05
Speaker 4: But yeah, I did buy it at a very sweet
27:08
Speaker 4: low interest rate a year ago.
27:10
Speaker 2: So oh yeah, and now you feel like you're being
27:12
Speaker 2: kicked while you're down.
27:14
Speaker 4: Yeah. Yeah, so I'm really not looking forward to when
27:18
Speaker 4: that fixed rate period runs out and I have to
27:21
Speaker 4: face the reality.
27:23
Speaker 2: Like everyone else, you need to talk to the girls
27:25
Speaker 2: at Zella Money to make sure that you're structured well
27:27
Speaker 2: for that so that it doesn't completely bite you in
27:30
Speaker 2: the bottom when it pops up, so that everything is
27:33
Speaker 2: good to go. I feel like all of our clients
27:35
Speaker 2: at the moment are super stressed about that. But with
27:38
Speaker 2: some good planning, it won't be nearly as painful, I promise.
27:42
Speaker 4: Yeah. No, I definitely need to get onto that.
27:45
Speaker 2: Tell me a bit more about this property though. How
27:48
Speaker 2: much did you have to save to purchase it, and
27:51
Speaker 2: how did you decide that that was the right investment
27:53
Speaker 2: property for you?
27:54
Speaker 4: Yeah, so I have to save the twenty percent deposit.
28:00
Speaker 4: So it was a five hundred and seventy k property,
28:06
Speaker 4: so the deposit on that was just over one hundred grand.
28:10
Speaker 2: Oh my gosh, and you saved all of that money
28:13
Speaker 2: and you're a baby. How did you do that?
28:15
Speaker 4: I would say savings from UNI not much at all,
28:20
Speaker 4: because I was working part time, of course, but also
28:22
Speaker 4: then working full time for just over two years and
28:27
Speaker 4: living at home.
28:28
Speaker 2: I'd say, yeah, okay, so that makes a lot more sense.
28:31
Speaker 2: And as you said before, you obviously had a very
28:34
Speaker 2: high income, but I'm assuming from the way that we've
28:37
Speaker 2: been conversing, you don't spend all of that. You have
28:40
Speaker 2: a relatively frugal life, Is that correct?
28:43
Speaker 4: Yeah? Yeah, And to be honest, I wasn't sort of
28:47
Speaker 4: like actively like saving towards this first home. Like it
28:53
Speaker 4: wasn't in my mind that like, I'm saving towards a
28:56
Speaker 4: first home because I really want to buy a property
28:59
Speaker 4: at this time time or by the state. And like
29:02
Speaker 4: I was living at home as well, which I'm super
29:04
Speaker 4: lucky to have done, so I wasn't sort of like
29:07
Speaker 4: paying rent or bills or anything. So yeah, incredibly lucky
29:12
Speaker 4: for that. And I guess you know, those two years
29:15
Speaker 4: were lockdown, so twenty twenty one.
29:18
Speaker 2: Yeah, and there's not a lot you can do at
29:20
Speaker 2: that period of time.
29:21
Speaker 4: Exactly, so that you know, even if I wanted to,
29:24
Speaker 4: there wasn't too much that I could blow my money
29:28
Speaker 4: on during that time. And like, I know, like as
29:31
Speaker 4: bad as it sounds, because I know a lot of
29:33
Speaker 4: people suffered during lockdown, of course, Like I don't think
29:37
Speaker 4: I would have been able to save up for a
29:39
Speaker 4: deposit if.
29:40
Speaker 2: It hadn't been yeah, unless you were kind of literally
29:43
Speaker 2: locked inside and you couldn't go and spend all your money. Yes, yeah, yeah, no,
29:47
Speaker 2: I think there are a lot of people like that.
29:49
Speaker 2: And I mean it goes in ebbs and flows right
29:51
Speaker 2: every single market, whether it is a bull market or
29:53
Speaker 2: a bear market. There are people who benefit and there
29:56
Speaker 2: are people who don't. And that's actually okay, it's not
29:59
Speaker 2: your fault, but I can see why you're like, oh,
30:02
Speaker 2: I feel a bit icky about this because so many
30:04
Speaker 2: people were not doing well during that time. But I
30:06
Speaker 2: promise you it is okay, my friend.
30:08
Speaker 4: Yeah, yeah, And I felt like, you know, honestly, I
30:11
Speaker 4: felt I don't know, like even a bit guilty at
30:14
Speaker 4: the time, like I didn't put it on socials. I
30:17
Speaker 4: didn't really tell many of my friends except like my closest.
30:21
Speaker 2: Yeah, because you just feel uncomfortable because so many of
30:23
Speaker 2: your friends might have lost jobs or really been struggling,
30:26
Speaker 2: or their partners were losing jobs, or they're moving back
30:29
Speaker 2: in with parents because they can't afford things. And then
30:31
Speaker 2: you're out here being like, actually, hey, I've achieved something
30:34
Speaker 2: really cool. I completely understand where you're coming from, but
30:37
Speaker 2: it doesn't mean we should downplay your achievements because somebody else,
30:40
Speaker 2: quote has it worse.
30:41
Speaker 4: Yeah, I'm realizing that as well, but definitely, yeah, back
30:45
Speaker 4: then it was sort of something I couldn't openly celebrate.
30:49
Speaker 2: And that's okay. I think that just tells us how
30:52
Speaker 2: much of a kind human being you are.
30:55
Speaker 4: I guess. So the how I ended up buying that home, though,
30:59
Speaker 4: was I wasn't really thinking about buying a property, but
31:04
Speaker 4: sort of, you know, lockdowns and stuff lifted. The interest
31:08
Speaker 4: rates were really low. I think that was definitely a
31:10
Speaker 4: big motivator. And I know, like there's risks to that
31:14
Speaker 4: as well, because it won't stay low forever. And now
31:18
Speaker 4: I'm sort of you know, now we're all seeing that
31:20
Speaker 4: but that definitely was like a big incentive to sort
31:24
Speaker 4: of jump into the property market at the time, and
31:28
Speaker 4: I was sort of encouraged by like family as well
31:31
Speaker 4: to do it. It was sort of I think for them,
31:35
Speaker 4: their mindset was really like why not, Like you have
31:40
Speaker 4: the deposit and it's a really low interest rate, cash
31:44
Speaker 4: is cheaper than ever, sort of the like why not
31:47
Speaker 4: just do it now? So like I wish I could
31:50
Speaker 4: say that I thought more about it apart from that,
31:53
Speaker 4: but that was really like how it happened. Yeah.
31:55
Speaker 2: Wow. I feel like it's nice that you can be
31:58
Speaker 2: so honest about it, though, because I think so many
32:00
Speaker 2: times people are saving and they just don't know what
32:03
Speaker 2: they're saving for at that point, and then all of
32:05
Speaker 2: a sudden it all falls into place and that's okay,
32:08
Speaker 2: and that's amazing, and that's why we need consistent savings goals.
32:12
Speaker 2: Do you have any other investments?
32:14
Speaker 4: Yeah, I invest in stocks, so like ETFs and shares,
32:20
Speaker 4: and I started doing that during like lockdown as well.
32:24
Speaker 4: So I think to date it's got about twenty two
32:28
Speaker 4: thousand dollars in like ETFs and shares.
32:30
Speaker 2: Oh my gosh, you're a baller. I did not expect this.
32:35
Speaker 4: That was definitely not the amount I put it. It's
32:37
Speaker 4: gone up a bit from the time I put it in,
32:40
Speaker 4: and it was like during the crash. So yeah, I
32:42
Speaker 4: think I'm lucky.
32:44
Speaker 2: Invested at a smart time in that sense. Yeah, how
32:46
Speaker 2: did you decide what shares and what ETFs you wanted
32:49
Speaker 2: to pick?
32:50
Speaker 4: I'd say, like for myself, it was like a combination
32:54
Speaker 4: of like research articles. No, sorry, not research articles that
32:58
Speaker 4: makes it sound like it was like a medical journal
33:00
Speaker 4: or something, but like researching articles online. Like friends and family,
33:06
Speaker 4: I guess just like conversations with them, like oh, what
33:09
Speaker 4: do you invest in and what do you think is
33:12
Speaker 4: performing well? We're going to perform well. And like I'm
33:16
Speaker 4: not like a very fine and investing person myself, Like
33:21
Speaker 4: I don't like keep up with the stock market or anything.
33:25
Speaker 4: So yeah, I really just rely on like my conversations
33:28
Speaker 4: with the people around me to sort of let me
33:32
Speaker 4: know what's going on most of the time.
33:34
Speaker 2: That's cool to know, though. I really like understanding how
33:37
Speaker 2: people make decisions and why they make decisions. And it's
33:41
Speaker 2: so interesting because even if this was your first investment,
33:44
Speaker 2: it's going to be so different to somebody else's first investment.
33:47
Speaker 2: And their thought process and what that actually looks like.
33:49
Speaker 2: It makes me. I just love it. I'm so interested
33:52
Speaker 2: in it. Everyone else is like, Victoria, that's so boring.
33:54
Speaker 2: I'm like, no, it's not. Tell me more.
33:56
Speaker 4: Yeah, it's really interesting. I find it fascinating myself as
33:59
Speaker 4: well too.
34:01
Speaker 2: I want to know. Now, I know you've got some debt,
34:03
Speaker 2: because there's no way you've paid off that whole mortgage yet,
34:06
Speaker 2: tell me about debts. Do you have any? If so,
34:08
Speaker 2: what are they?
34:10
Speaker 4: Yes? So I do have a mortgage on my property,
34:13
Speaker 4: and yeah, like you said, I really should calculate how
34:16
Speaker 4: much my repayments will go up by and yeah, what
34:21
Speaker 4: impact that would have on my lifestyle. But yeah, I've
34:25
Speaker 4: just been procrastinating, putting it off a bit, just because
34:29
Speaker 4: the thought seems very scary.
34:31
Speaker 2: Soon you work out what that's going to mean, and
34:33
Speaker 2: when the easier or B I promise, I know, I know,
34:37
Speaker 2: I promise. So any other debts just the mortgage at
34:40
Speaker 2: this point.
34:41
Speaker 4: No, I also have my hex debt, although I'm not
34:44
Speaker 4: loving the indexation on that either.
34:47
Speaker 2: Nobody is. Don't worry.
34:49
Speaker 4: Currently after indexation, it's sitting at just over eight.
34:52
Speaker 2: K oh that's okay, that's not too bad at all,
34:55
Speaker 2: but indexation would have made you feel a little bit
34:58
Speaker 2: sick when you're so close to the finish line.
35:00
Speaker 4: Yeah. Yeah, I actually just checked it last night and
35:03
Speaker 4: I was like surprised by the amount. I think, like
35:07
Speaker 4: because it had just been like I've just been automatically
35:10
Speaker 4: paying it off like every pacelip. It's gone down like
35:14
Speaker 4: faster than I've thought it would have been.
35:16
Speaker 2: Oh that's good, though. I want to know, because I
35:20
Speaker 2: feel like you've got a few what are your best
35:22
Speaker 2: money have its?
35:23
Speaker 4: I think like a combination of having like a high
35:26
Speaker 4: interest bank account and credit card. So I do use
35:30
Speaker 4: a credit card to you know, just manage my like
35:35
Speaker 4: cash and cash out sort of thing.
35:37
Speaker 1: Like.
35:37
Speaker 4: I use it more as like a financial tool, which
35:41
Speaker 4: is why I sort of don't consider it that much
35:43
Speaker 4: as dead because I've I've never been late on a payment.
35:46
Speaker 2: No, but that's okay, because everybody is. Everyone's in a
35:49
Speaker 2: different situation, right. I know, if you gave me a
35:52
Speaker 2: credit card, I'd be tap happy and we would not
35:54
Speaker 2: be in a good financial position at all. But someone
35:57
Speaker 2: like you who's using it as a tool to create
35:59
Speaker 2: more financial resources genius, so smart. I can't be trusted though.
36:04
Speaker 4: I think it's also the points that I earned from
36:07
Speaker 4: credit cards. Like I sort of just see it as like, oh,
36:10
Speaker 4: free money, because.
36:11
Speaker 2: I mean technically it is if you're not paying a
36:13
Speaker 2: really big annual fee for your credit card.
36:16
Speaker 4: Yeah yeah, So like on my day to day spending,
36:19
Speaker 4: like it's money that I would have to spend anyway.
36:22
Speaker 4: I sort of use my credit card to get the points,
36:25
Speaker 4: but then like I have most of my money for
36:28
Speaker 4: like most of the time in like a high interest
36:30
Speaker 4: bank account, so I get the interest, but then I
36:32
Speaker 4: also get the points. And right before my credit cards
36:36
Speaker 4: bill is do you I pay it off fully? So
36:39
Speaker 4: I don't, you know, get any fees from that.
36:41
Speaker 2: You don't see it. You don't get any fees. You're
36:43
Speaker 2: not paying any interest, which is the smart way to
36:45
Speaker 2: use a credit card.
36:47
Speaker 4: Yeah. Yeah. And because I had like accumulated like a
36:51
Speaker 4: fair amount of points from like some credit cards have
36:54
Speaker 4: bonuses when you sign up for them. Plus sort of
36:56
Speaker 4: like my like day to day spending, I've cashed out
37:00
Speaker 4: like four or five hundred dollars worth of like vouchers.
37:04
Speaker 2: So far money win. That's free money. That's absolutely free money.
37:08
Speaker 2: That's girl math.
37:09
Speaker 4: It's one hundred percent girl maths, and it's so good.
37:12
Speaker 2: Oh, I love that You're so smart when it comes
37:14
Speaker 2: to that. See, I would just collect all the points
37:17
Speaker 2: and then forget that they were there as well, because
37:20
Speaker 2: I had all this new stuff that I bought with
37:22
Speaker 2: my credit card.
37:23
Speaker 4: I've been using it on like a Willy's vouchers oh
37:26
Speaker 4: so much, just because like, groceries are so expensive these
37:29
Speaker 4: days anyway.
37:30
Speaker 2: One hundred percent they are. That's such a smart way
37:32
Speaker 2: of using it as well, because that would go so
37:34
Speaker 2: much further, and it also ends up impacting your overall budget.
37:38
Speaker 2: Instead of you seeing it as like, oh I can
37:39
Speaker 2: get something new and shiny with this, because it's girl
37:42
Speaker 2: math money, you can actually cut down your bills and
37:45
Speaker 2: your actual spending, which ultimately impacts your financial security. So
37:49
Speaker 2: that's genius.
37:51
Speaker 4: Yeah, that's I guess that's that's what I've been using
37:54
Speaker 4: it for. But yeah, it's It's definitely helped with the
37:58
Speaker 4: budget a bit more.
38:00
Speaker 2: I know everybody listening to this is probably thinking, there's
38:02
Speaker 2: no way this money direct has bad money habits. She's
38:06
Speaker 2: so young, so smart, so good with money. But we
38:10
Speaker 2: need to know do you have any bad money habits.
38:13
Speaker 2: What is your.
38:13
Speaker 4: Worst Unfortunately I do.
38:15
Speaker 2: Oh yeah, okay, here we go, sorry.
38:17
Speaker 4: To break the fac had. I think my worst money
38:21
Speaker 4: habit is like going back to investing, is not really
38:25
Speaker 4: having like a solid plan for investing. Like I get
38:29
Speaker 4: the basic concepts of like investments and putting money into
38:33
Speaker 4: shares and that, but I keep forgetting to do it
38:37
Speaker 4: regularly or like sort of have a solid strategy for
38:41
Speaker 4: doing it. So like, for example, every time I've invested
38:44
Speaker 4: in shares, it's literally because I'll be having a conversation
38:48
Speaker 4: with like family or a friend or my partner and
38:52
Speaker 4: I like suddenly remember, like, oh, yeah, I have shares.
38:55
Speaker 4: I should probably check in on them. It's been a while.
38:59
Speaker 2: That's not the worst way to be.
39:01
Speaker 4: And then I log on and then I might make
39:03
Speaker 4: like one or two trays and then I just forget
39:05
Speaker 4: about it for the next six months. I'm lucky in that,
39:09
Speaker 4: like overall I haven't made a loss, but there definitely
39:14
Speaker 4: has been like certain stocks and stuff.
39:17
Speaker 2: That that haven't performed as well.
39:19
Speaker 4: No have like completely crashed, and then like I'm too
39:24
Speaker 4: lazy sometimes to just like take them out, and I
39:27
Speaker 4: don't know, I think it's like some sort of weird
39:29
Speaker 4: mental block for me. But yeah, I feel like if
39:33
Speaker 4: I am a bit more diligent and actually like sat
39:37
Speaker 4: down to do like a you know, a real investment plan,
39:40
Speaker 4: like I could get better retens on my investments.
39:44
Speaker 2: Yeah, fair, fair, I mean, I will agree that that
39:47
Speaker 2: might be your worst money habit, but that's not the
39:49
Speaker 2: worst money habit I've ever heard. In fact, it makes
39:52
Speaker 2: me think that you're relatively good at money still, even
39:54
Speaker 2: though you think that's not a good habit, which leads
39:57
Speaker 2: me to my last question. At the start of the episode,
39:59
Speaker 2: I are do what you would grade your own money habits?
40:02
Speaker 2: And you told me it was a B. After we
40:04
Speaker 2: have had a chat, do you still agree with a B?
40:08
Speaker 2: And if so, that's cool? What would it take to
40:11
Speaker 2: get you to an A?
40:14
Speaker 4: I think after speaking with you, I'll upgrade it to
40:18
Speaker 4: a B plus.
40:19
Speaker 2: Okay, I love you.
40:20
Speaker 4: Know you've fluffed me up a little bit.
40:23
Speaker 2: Always that's my job.
40:26
Speaker 4: So what would it take for me to get to
40:29
Speaker 4: an A? I think, yeah, like just having a more
40:31
Speaker 4: solid plan for investing. I think my exposure to sort
40:37
Speaker 4: of investing when I was younger was always like from
40:40
Speaker 4: property like real estate, right, Like that's what I feel
40:43
Speaker 4: like most parents in that generation say, but it's not
40:49
Speaker 4: as applicable for many people now and definitely not very
40:53
Speaker 4: feasible for me to just you know, build a real
40:57
Speaker 4: estate empire.
40:58
Speaker 2: Like it's yeah, yeah, it's definitely not what it used
41:01
Speaker 2: to be.
41:01
Speaker 4: Yeah, so like looking into other forms of investments and
41:04
Speaker 4: for a lot of people that shares, it's a lot
41:07
Speaker 4: more accessible. And yeah, I feel like if I actually,
41:11
Speaker 4: like you know, did more research into it, was more
41:14
Speaker 4: diligent with it. Yeah, I could probably get myself to
41:18
Speaker 4: an A.
41:19
Speaker 2: I love that. I love that there's a plan though,
41:21
Speaker 2: and you know what, it will take money, Diarist, it
41:24
Speaker 2: has been an absolute pleasure chatting with you. I feel
41:27
Speaker 2: like I've learned a lot. I have felt that you
41:30
Speaker 2: have achieved so much, but you are still only a baby.
41:34
Speaker 2: You're only twenty four and you've done all this stuff.
41:36
Speaker 2: I'm just so impressed. But sadly, that is all we
41:39
Speaker 2: have time for today. So thank you so much for
41:41
Speaker 2: joining us. I'm just genuinely so grateful to share so
41:45
Speaker 2: many diverse stories in our community, Like our community is
41:48
Speaker 2: made up of so many beautiful human beings, and the
41:50
Speaker 2: fact that you want to hang out with me and
41:51
Speaker 2: share your story. It blows my mind. It's literally my
41:54
Speaker 2: favorite thing ever.
41:55
Speaker 4: So thank you, no, thank you so much for having
41:58
Speaker 4: me feel so happy and yeah, grateful to be here.
42:01
Speaker 2: I love that. Thank you and just.
42:03
Speaker 4: Like contributing back to I guess like, yeah, like this community,
42:08
Speaker 4: as you said, because it's really helped me a lot,
42:10
Speaker 4: like your content and like the Facebook group and everything,
42:14
Speaker 4: like I love going in there and feel like I've
42:16
Speaker 4: learned a lot over the past few years.
42:18
Speaker 2: Oh, I love this. Thank you so much. All Right,
42:21
Speaker 2: have the best day, and I'm sure we'll cross paths
42:23
Speaker 2: again very soon. The advice shared on She's on the
42:32
Speaker 2: Money is general in nature and does not consider your
42:35
Speaker 2: individual circumstances. She's on the Money exists purely for educational
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