Latest / She's On The Money / MONEY DIARIES: An Insight Into Island Life

Transcript

MONEY DIARIES: An Insight Into Island Life · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
• 0:04
  Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
• 0:08
  Speaker 1: we get started on She's on the Money podcast, I
• 0:11
  Speaker 1: would like to acknowledge the traditional custodians of the land
• 0:14
  Speaker 1: of which this podcast is recorded on a wondery country,
• 0:18
  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
• 0:22
  Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
• 0:27
  Speaker 1: and the storytelling of you to make a difference for
• 0:30
  Speaker 1: today and lasting impact for tomorrow.
• 0:33
  Speaker 2: Let's get into it.
• 0:34
  Speaker 3: She's on the Money, She's on the Money.
• 0:57
  Speaker 4: Hello, and welcome to She's the Money, the podcast the
• 1:01
  Speaker 4: millennials who want financial freedom.
• 1:03
  Speaker 2: Welcome back to another one of our money daries.
• 1:05
  Speaker 4: Where I get the absolute pleasure of sitting down with
• 1:08
  Speaker 4: one of our She's on the Money community members to
• 1:11
  Speaker 4: talk all about their journey. Let's jump straight into it,
• 1:14
  Speaker 4: because this week I got a message and it sounded
• 1:17
  Speaker 4: like this, Hi V. I have a pretty unique career
• 1:21
  Speaker 4: in a male dominated industry and live an island life
• 1:25
  Speaker 4: in a very remote part of Australia. I have a
• 1:27
  Speaker 4: lot to say about the inflated cost of living due
• 1:30
  Speaker 4: to my location. But I've worked my way up and
• 1:33
  Speaker 4: negotiated a forty thousand dollars pay rise in the last
• 1:36
  Speaker 4: six months. I'd love to share my less than average
• 1:39
  Speaker 4: lifestyle with the community.
• 1:41
  Speaker 2: Same. Welcome to the show.
• 1:42
  Speaker 5: Hah, thank you so much for having me while you
• 1:44
  Speaker 5: make my life sound pretty interesting.
• 1:47
  Speaker 2: You wrote that.
• 1:48
  Speaker 4: Oh no, Analisa, our producer, wrote that, So I told
• 1:51
  Speaker 4: you she was a good egg.
• 1:52
  Speaker 2: Before we were.
• 1:53
  Speaker 4: Recording, I was talking about how great she is. But
• 1:55
  Speaker 4: that is it, though, Like, where is the lie, my friend?
• 1:59
  Speaker 5: Yeah, it's true. That is my life at the moment.
• 2:01
  Speaker 4: I'm so excited to learn more about it before we
• 2:04
  Speaker 4: get there. Could you give us a little bit of
• 2:06
  Speaker 4: an idea. What grade would you give your money habits
• 2:09
  Speaker 4: from A three to F if I asked you to
• 2:11
  Speaker 4: grade them?
• 2:12
  Speaker 5: Yeah, so I was thinking a B plus I think
• 2:15
  Speaker 5: with some of your money habits at the moment.
• 2:17
  Speaker 2: Well, let's learn more about it.
• 2:19
  Speaker 4: You said you have an island life in a very
• 2:21
  Speaker 4: remote part of Australia, and I want to know more
• 2:24
  Speaker 4: about your money story.
• 2:25
  Speaker 2: So tell me where you come from and now why
• 2:28
  Speaker 2: you're on an island.
• 2:29
  Speaker 5: Yeah. So I live in a really remote island in
• 2:32
  Speaker 5: the north of Australia, which is about as north as
• 2:34
  Speaker 5: you can get. Actually, it is a beautiful lifestyle, you know.
• 2:38
  Speaker 5: It's a very slow lifestyle, and I've managed to fall
• 2:41
  Speaker 5: into a career up here that I never thought i'd
• 2:43
  Speaker 5: fall into. But it's going very well and I'm really
• 2:45
  Speaker 5: enjoying it and feeling very blessed to have this job.
• 2:48
  Speaker 5: So yeah, island life is absolutely incredible, but it doesn't
• 2:51
  Speaker 5: come without its difficulties. You know. Cost of living up
• 2:55
  Speaker 5: here is definitely felt a little bit more just because
• 2:59
  Speaker 5: we're so remote and things are shipped in from very
• 3:02
  Speaker 5: far away.
• 3:03
  Speaker 2: How did you grow up around money.
• 3:05
  Speaker 5: I was raised in a single parent family, so there
• 3:08
  Speaker 5: was definitely never a lot of money while I was
• 3:10
  Speaker 5: growing up. But in saying that, my mum is incredible.
• 3:13
  Speaker 5: She's always managed to provide everything that myself and my
• 3:17
  Speaker 5: brother needed, so I definitely learned a lot of my
• 3:20
  Speaker 5: money habits from her. She was a great saver and
• 3:23
  Speaker 5: instilled those beliefs around money and me and my brother.
• 3:27
  Speaker 5: So after school, I went to university and I lived
• 3:29
  Speaker 5: the university life, which is never a very wealthy life.
• 3:33
  Speaker 5: I was living out a home in Melbourne and working
• 3:36
  Speaker 5: to support myself through that, and after graduating UNI, I
• 3:39
  Speaker 5: kind of thought, well, an office job isn't for me,
• 3:43
  Speaker 5: So I led Melbourne and I came to Queensland and
• 3:46
  Speaker 5: I've been working on boats ever since.
• 3:48
  Speaker 2: On boats. That's interesting. I love this.
• 3:52
  Speaker 4: So tell me a bit more about the decision to go.
• 3:55
  Speaker 4: You know, I don't want to live an office job.
• 3:58
  Speaker 4: I want something else going you.
• 4:00
  Speaker 2: Know, what is for me a boat?
• 4:02
  Speaker 4: Like how did you go from you know, making that decision,
• 4:05
  Speaker 4: from being in UNI, which is relatively structured, let's be honest,
• 4:09
  Speaker 4: to having obviously a much quieter life, but also working
• 4:13
  Speaker 4: in that space.
• 4:14
  Speaker 5: Yeah. So I was actually working hospitality when I was
• 4:17
  Speaker 5: in university, and when it came towards my graduation, I
• 4:21
  Speaker 5: was like, you know, I didn't see myself growing straight
• 4:24
  Speaker 5: to an office role. So I was thought, well, I'm
• 4:26
  Speaker 5: going to go work in a hospitality venue somewhere a
• 4:28
  Speaker 5: bit more tropical. So I actually applied for a job
• 4:31
  Speaker 5: on Hamilton Island and I was unsuccessful getting that job,
• 4:35
  Speaker 5: and I was like, well, actually, maybe hospitality isn't for me.
• 4:38
  Speaker 5: So I started applying for some sail boat jobs in
• 4:41
  Speaker 5: the with Sundays. They hired me. So I started off
• 4:45
  Speaker 5: as a hostess on one of the tourism boats up there.
• 4:47
  Speaker 2: Oh very cool.
• 4:48
  Speaker 5: Yeah, there was about five years ago now and so
• 4:51
  Speaker 5: it's just progressed from that.
• 4:52
  Speaker 4: So tell me a bit more. I need to know
• 4:54
  Speaker 4: what do you do for work? How much money do
• 4:56
  Speaker 4: you actually earn?
• 4:57
  Speaker 5: So I work in marine pilotice. Oh yeah, bit of
• 5:00
  Speaker 5: an unusual job. I at the moment am earning just
• 5:04
  Speaker 5: over one hundred k year.
• 5:06
  Speaker 2: Yeah.
• 5:06
  Speaker 5: We drive boats and we go out to the middle
• 5:09
  Speaker 5: of a shipping channel where we run into the side
• 5:11
  Speaker 5: of a big ship that's still moving.
• 5:13
  Speaker 2: We run into the side of a big ship moving, Yeah, exactly.
• 5:16
  Speaker 5: We kind of just smash into the side. If there's
• 5:19
  Speaker 5: a bit of a bang, it's all right. And then
• 5:22
  Speaker 5: we put a very experienced mariner onto that ship so
• 5:25
  Speaker 5: he can navigate it through the reef.
• 5:26
  Speaker 2: I've heard of this.
• 5:28
  Speaker 4: They're good pilots, but they've never been through that territory
• 5:31
  Speaker 4: and you need someone who's like really familiar with it
• 5:33
  Speaker 4: to like just get on for a short period of
• 5:35
  Speaker 4: time navigate through that and then they get off right.
• 5:38
  Speaker 2: Yeah, yeah, that is cool. So how did you fall
• 5:42
  Speaker 2: into that.
• 5:43
  Speaker 4: I mean, it's a bit of a jump to go
• 5:44
  Speaker 4: from a hostess on a boat to being in marine pilotage. Like,
• 5:49
  Speaker 4: what's the segue there, my friend.
• 5:51
  Speaker 5: Yeah, it was quite random how it happened. I moved
• 5:54
  Speaker 5: to the island where I'm living now, and I met
• 5:56
  Speaker 5: up with a friend that I'd known previously from the
• 5:59
  Speaker 5: marine industry, and she was working for this company already,
• 6:02
  Speaker 5: and so she got me a job. And I started
• 6:04
  Speaker 5: out as a casual decand that was almost two years
• 6:08
  Speaker 5: ago now, and now I'm the assistant manager two years later.
• 6:12
  Speaker 2: No, you're not, I am. That is so cool. Congrats.
• 6:17
  Speaker 2: Tell me a bit more about island life though.
• 6:19
  Speaker 4: I want to segue back to this because living remote
• 6:21
  Speaker 4: full stop is expensive, but then I feel like it
• 6:24
  Speaker 4: might be super expensive living remote, but then also on
• 6:27
  Speaker 4: an island.
• 6:28
  Speaker 2: So can you tell me a.
• 6:29
  Speaker 4: Bit about I guess your living situation. How do you
• 6:32
  Speaker 4: rent and pay for housing or do you pay for housing?
• 6:35
  Speaker 4: And you know what's food like because I'm assuming you
• 6:38
  Speaker 4: can't get any roots.
• 6:40
  Speaker 5: There's definitely no overeats. So that does help with my savings. Yeah,
• 6:45
  Speaker 5: so living on an island, it is very expensive. I
• 6:47
  Speaker 5: do want to say that you know, in my situation
• 6:50
  Speaker 5: with my work, I am very privileged because I do
• 6:52
  Speaker 5: have some things provided with my job. Food is probably
• 6:57
  Speaker 5: the biggest expense that I see. To be fair, I'm
• 7:00
  Speaker 5: probably a little bit of out of touch with mainland prices.
• 7:03
  Speaker 5: I mean, I understand that prices have gone up all
• 7:06
  Speaker 5: over Australia, but yeah, you know, living up here, for instance,
• 7:09
  Speaker 5: we're paying two dollars eighty five for a liter of fuel.
• 7:13
  Speaker 5: I went to a supermarket the other day and I
• 7:15
  Speaker 5: paid three dollars fifty for a tin of chopped tomatoes.
• 7:17
  Speaker 2: No, you didn't.
• 7:18
  Speaker 5: It's quite ridiculous.
• 7:20
  Speaker 2: That's like ninety nine cents. It colds for me.
• 7:22
  Speaker 5: Sorry, it's ridiculous. But everything that comes to the island
• 7:26
  Speaker 5: is brought up on a barge, so that just adds
• 7:29
  Speaker 5: a huge freight cost to all the products that are
• 7:31
  Speaker 5: brought to the island.
• 7:33
  Speaker 2: Yeah, it would.
• 7:33
  Speaker 5: And also sometimes those products are just not available. Quality offecially,
• 7:38
  Speaker 5: fruit and vegetables can be quite low sometimes. I think
• 7:41
  Speaker 5: I paid ten dollars the other day for a very
• 7:43
  Speaker 5: average bunch of silver beat.
• 7:45
  Speaker 2: Of silver beat.
• 7:46
  Speaker 4: Yeah, that's not even like an expensive, exciting vegetable.
• 7:50
  Speaker 2: That's silver beat.
• 7:51
  Speaker 5: I know, but you still have to get your greens.
• 7:53
  Speaker 4: Oh I'm not disagreeing, Like, I actually really love a
• 7:56
  Speaker 4: bit of silver beat. I grew up on a farm,
• 7:57
  Speaker 4: and I feel like that stuff grows like wee there,
• 8:00
  Speaker 4: but paying ten bucks for it would give me the inck.
• 8:03
  Speaker 5: Yeah. Probably my largest expense is my grocery bill. Yeah
• 8:06
  Speaker 5: at the moment, Like I said, I am very lucky
• 8:09
  Speaker 5: in my job that things are provided for me. For instance,
• 8:12
  Speaker 5: I have a work car, so I don't have to
• 8:14
  Speaker 5: pay for my own car or fuel. Oh very nice,
• 8:16
  Speaker 5: And I understand that everybody on the island is not
• 8:19
  Speaker 5: privileged to that like we are.
• 8:21
  Speaker 2: Yeah.
• 8:21
  Speaker 5: My rent is also subsidized by work, so I think
• 8:24
  Speaker 5: work subsidizes it by about three hundred dollars a week
• 8:27
  Speaker 5: and I still end up paying one seventy a week.
• 8:30
  Speaker 4: Okay, that's pretty good because that would be expensive rent otherwise.
• 8:33
  Speaker 5: Yeah, it's really lucky to live on the island without
• 8:37
  Speaker 5: rent supplied by your work. It would be almost impossible
• 8:40
  Speaker 5: just because there is no accommodation available.
• 8:42
  Speaker 1: Yeah.
• 8:43
  Speaker 2: Wow.
• 8:43
  Speaker 5: Work also covers most of my bills, so they pay
• 8:46
  Speaker 5: for my gas and my water and my internet and
• 8:50
  Speaker 5: the only bill I have to pay for myself is
• 8:52
  Speaker 5: my electricity.
• 8:53
  Speaker 4: This is becoming very appealing. Like I wasn't so sold
• 8:56
  Speaker 4: on remote work, but now you're.
• 8:58
  Speaker 2: Like, all of this stuff is covered.
• 9:00
  Speaker 4: Also, I'm earning just over one hundred thousand dollars per year.
• 9:03
  Speaker 4: Does that put you in a very attractive savings position?
• 9:06
  Speaker 5: It does. I had never earned money like this before
• 9:09
  Speaker 5: falling into this role. So I have hit some pretty
• 9:12
  Speaker 5: incredible saving goals this year.
• 9:15
  Speaker 2: Well, let's talk about them. What are your big money goals?
• 9:18
  Speaker 5: Ah, My biggest money goal this year is to buy property.
• 9:21
  Speaker 5: So I'm just going through the process at the moment
• 9:24
  Speaker 5: of preapproval.
• 9:25
  Speaker 2: Oh yeah, so.
• 9:27
  Speaker 5: Looking to purchase an investment property, hopefully in the next
• 9:30
  Speaker 5: month or two.
• 9:31
  Speaker 2: Oh that's so exciting. That so soon?
• 9:34
  Speaker 4: And so have you got your deposit together in all
• 9:36
  Speaker 4: of the balls in the right places.
• 9:38
  Speaker 5: Yes, I have my deposit ready. I have gone through
• 9:41
  Speaker 5: this process once before. But also living on the island,
• 9:44
  Speaker 5: it makes it very difficult to view properties. Of course,
• 9:47
  Speaker 5: it has slowed me down a little bit in my
• 9:49
  Speaker 5: search for properties, but I think I've reached the point
• 9:52
  Speaker 5: where I may just have to purchase without viewing the
• 9:54
  Speaker 5: property first.
• 9:55
  Speaker 4: Yeah, right, are you purchasing remotely or are you purchasing
• 9:58
  Speaker 4: back like we're your mummy, or like what's the plan
• 10:01
  Speaker 4: with location for this property purchase?
• 10:03
  Speaker 5: At the moment, I'm looking at Cans in Far North Queensland.
• 10:08
  Speaker 2: And is that because you want to live there at
• 10:10
  Speaker 2: some point or is this a good investment opportunity or
• 10:13
  Speaker 2: what does that look like for me?
• 10:14
  Speaker 5: I think it is a place where you can buy
• 10:18
  Speaker 5: a good investment opportunity. Also, if things were to fall
• 10:21
  Speaker 5: through with renting it out and I did have to
• 10:23
  Speaker 5: move there, I would have access to employment. Yeah, and
• 10:27
  Speaker 5: I have lived there previously, so it's a place that's
• 10:29
  Speaker 5: just familiar to me.
• 10:30
  Speaker 1: Yeah.
• 10:31
  Speaker 4: Great, Cans is gorgeous as well, so like I would
• 10:33
  Speaker 4: not be mad if I had to go and live there, Like,
• 10:35
  Speaker 4: oh no, I have to live in Far North Queensland.
• 10:38
  Speaker 2: How bad is that?
• 10:40
  Speaker 5: I know it's tropical paradise there minus the crocodiles.
• 10:43
  Speaker 4: It is so beautiful all right, So property purchase, what
• 10:46
  Speaker 4: are your other big money goals?
• 10:48
  Speaker 5: I don't have too many what I would call short
• 10:51
  Speaker 5: term money goals at the moment. I think once I
• 10:53
  Speaker 5: take off buying a property, then I'll start to look.
• 10:57
  Speaker 5: But yeah, for long term. You know, I'm not a
• 11:00
  Speaker 5: person who particularly wants to work a full time job
• 11:03
  Speaker 5: for the next thirty years forty years fair, So I
• 11:06
  Speaker 5: would really like to find myself in a position down
• 11:09
  Speaker 5: the track where I can work less.
• 11:12
  Speaker 1: You know.
• 11:12
  Speaker 5: If that looks like paying off property so that I
• 11:16
  Speaker 5: don't owe anything on it as quick as possible, you know,
• 11:19
  Speaker 5: those are probably my goals down the track.
• 11:21
  Speaker 2: I love that. What does not working full time look
• 11:23
  Speaker 2: like to you?
• 11:25
  Speaker 4: Is it just vibing out during the day, Like, how
• 11:28
  Speaker 4: many days a week are we talking that you would
• 11:30
  Speaker 4: actually work? Like, give me an idea of what this
• 11:33
  Speaker 4: goal lifestyle looks like.
• 11:34
  Speaker 5: So I think my perfect rosstar would be four days
• 11:39
  Speaker 5: a week or three days a week. You know, I
• 11:41
  Speaker 5: have a lot of things that I would like to
• 11:43
  Speaker 5: do on the side, and maybe that could also include
• 11:48
  Speaker 5: my own business as well.
• 11:50
  Speaker 2: Fun.
• 11:51
  Speaker 5: Yeah, I don't know what my own business would be,
• 11:54
  Speaker 5: but I would really like to be able to support
• 11:56
  Speaker 5: myself and work for myself. I think that's probably my
• 11:58
  Speaker 5: ultimate goal.
• 12:00
  Speaker 4: I love it. It is a lot of stress, but
• 12:01
  Speaker 4: it is definitely worth it. All right, let's go to
• 12:04
  Speaker 4: a really quick break, because on the flip side, I
• 12:06
  Speaker 4: want to ask you.
• 12:07
  Speaker 2: I guess about.
• 12:07
  Speaker 4: Investments, about debt and your best and worst money habits.
• 12:10
  Speaker 4: So guys, don't go anywhere, all right, money dirist. We
• 12:17
  Speaker 4: are back and you are living an island life in
• 12:20
  Speaker 4: a very remote part of Australia, which now you're telling
• 12:23
  Speaker 4: me about it, I'm kind of envious of.
• 12:26
  Speaker 2: Like I just look at it and go.
• 12:27
  Speaker 4: Oh my gosh, what on earth this is so far
• 12:30
  Speaker 4: from what my reality is.
• 12:32
  Speaker 2: What do your days off look like? If you're stuck
• 12:34
  Speaker 2: on a very remote island, what do you get up to?
• 12:37
  Speaker 5: Well, the only thing you can do on an island
• 12:39
  Speaker 5: is go on a boat.
• 12:40
  Speaker 2: That's okay. You like boats, I've heard.
• 12:42
  Speaker 5: I do like boats, even on my days off. I
• 12:44
  Speaker 5: drive them. So we will go around the islands, go bakeboarding,
• 12:50
  Speaker 5: to slay on the beach, go through a bit of
• 12:52
  Speaker 5: a snorkel, try and get away from the crocodiles is
• 12:55
  Speaker 5: my ultimate goal.
• 12:56
  Speaker 2: Yeah, yeah, no, thank you.
• 12:58
  Speaker 5: But to be fair, I actually don't have a whole
• 13:00
  Speaker 5: lot of spare time because I do work two jobs.
• 13:03
  Speaker 2: Two jobs.
• 13:04
  Speaker 5: Yes, I do work a second job, so I often
• 13:06
  Speaker 5: use my days off and also my annually to fit
• 13:09
  Speaker 5: my second job in.
• 13:10
  Speaker 2: Tell me more what is this second job?
• 13:12
  Speaker 4: You didn't mention that when I said what do you
• 13:14
  Speaker 4: do for work and how much money do you earn?
• 13:16
  Speaker 5: I work for a not for profit in the environmental sector.
• 13:20
  Speaker 2: Oh my gosh, how did you forget that?
• 13:23
  Speaker 5: It is just a casual job and the hours are
• 13:25
  Speaker 5: very varying. Some weeks I may not work at all
• 13:28
  Speaker 5: and then others will do thirty hours a week. So
• 13:31
  Speaker 5: that job looks like a lot of computer time as well.
• 13:35
  Speaker 5: But I also do get to go out into the
• 13:37
  Speaker 5: field quite often and work with traditional owners and rangers
• 13:41
  Speaker 5: on country.
• 13:42
  Speaker 2: Oh my gosh, gorgeous.
• 13:43
  Speaker 5: Yeah, so I work on different islands and back on
• 13:46
  Speaker 5: the mainland doing that as well.
• 13:48
  Speaker 4: So what kind of income are you earning from that
• 13:50
  Speaker 4: in addition to your one hundred grand in your job
• 13:53
  Speaker 4: in marine pilotage.
• 13:55
  Speaker 5: So that is a casual job, so I'm paid on
• 13:57
  Speaker 5: an hourly basis. As I mentioned, it's very sporadic the
• 14:00
  Speaker 5: hours last tax yere. I think I earn an extra
• 14:05
  Speaker 5: twelve grand with that, and I'm probably earn about the
• 14:08
  Speaker 5: same this year.
• 14:09
  Speaker 2: Yeah, that honestly is so cool.
• 14:11
  Speaker 4: And the fact that you get to, I guess, connect
• 14:13
  Speaker 4: so much with the land I'm assuming you're learning a
• 14:16
  Speaker 4: lot as you, you know, do the work that you do.
• 14:19
  Speaker 4: I feel like that's a dream that is very very cool.
• 14:22
  Speaker 4: So tell me now about investment. Do you have any investments?
• 14:25
  Speaker 4: If so, what are they? If you don't, do you
• 14:27
  Speaker 4: have a plan.
• 14:28
  Speaker 5: So I've been doing a little bit of listening to
• 14:30
  Speaker 5: Shoes on the Money.
• 14:31
  Speaker 2: Oh my gosh, great idea. Can't recommend it more highly.
• 14:35
  Speaker 5: I also have a Raise account, which I've had for
• 14:37
  Speaker 5: about three years. Yeah, and with downloading and joining up
• 14:43
  Speaker 5: with Chasi's, I now have started a plan to let
• 14:48
  Speaker 5: my raise get up to five hundred dollars, and once
• 14:51
  Speaker 5: it reaches five hundred dollars, I'm withdrawing that and putting
• 14:53
  Speaker 5: into my Chazia's account.
• 14:55
  Speaker 1: Oh.
• 14:55
  Speaker 2: I love this idea.
• 14:56
  Speaker 4: And I don't mean to buddy in and tell you
• 14:58
  Speaker 4: how to suck eggs. That's not what I'm But did
• 15:00
  Speaker 4: you know that Chaz's has just introduced roundups, so you
• 15:04
  Speaker 4: could like do that inside Chazi's and not change from
• 15:07
  Speaker 4: one investment platform, sell down an asset that might decrease
• 15:10
  Speaker 4: in value, and then transfer it to another one.
• 15:13
  Speaker 5: I did not know that, and this is why I listened.
• 15:15
  Speaker 2: Well, there you go. Hot tips. Love the strategy.
• 15:19
  Speaker 4: Obviously, if we're exposing our money to the share market
• 15:22
  Speaker 4: for a short period of time, there could be some volatility,
• 15:24
  Speaker 4: and so that might be another way to protect yourself.
• 15:27
  Speaker 4: But I'll let you look into that and make.
• 15:28
  Speaker 2: Your own decision. It's just a little idea, my friend.
• 15:31
  Speaker 5: That's perfect take out the middleman.
• 15:33
  Speaker 4: Yeah, but I mean it's a genius idea though, Like,
• 15:36
  Speaker 4: have you found that having roundups has meant that there's
• 15:39
  Speaker 4: just like money there that you're like, wow, I really
• 15:40
  Speaker 4: didn't feel like that came out, or wow, that hit
• 15:43
  Speaker 4: five hundred dollars way quicker than I thought it might.
• 15:45
  Speaker 5: Yeah, I don't notice the money going out of my
• 15:48
  Speaker 5: account at all. I've had it for so long that
• 15:49
  Speaker 5: it's just been a part of my account and budgeting
• 15:52
  Speaker 5: all the time. I really enjoy the roundup.
• 15:55
  Speaker 2: I do too.
• 15:56
  Speaker 4: It's what I do because I like to think of
• 15:58
  Speaker 4: myself as a relatively lazy investment. Like I've just like
• 16:01
  Speaker 4: direct debited everything else, so that happens, and then I've
• 16:03
  Speaker 4: got my roundups, and sometimes I log in, I'm like, oh,
• 16:06
  Speaker 4: look at me, that's so nice, Like I did all
• 16:08
  Speaker 4: this work, but I didn't. That's my favorite. I want
• 16:12
  Speaker 4: to know next, do you have any debts? If so,
• 16:14
  Speaker 4: what are they? If not, can I know a little
• 16:17
  Speaker 4: bit more pervy detail about the debt that you might
• 16:19
  Speaker 4: take on for this property purchase You're about.
• 16:21
  Speaker 5: To make sure? Well, the only debt I have is
• 16:24
  Speaker 5: my hextet. I am feeling quite disheartened at the moment
• 16:30
  Speaker 5: about how large my hextet is. It's up to about
• 16:32
  Speaker 5: fifty five thousand dollars.
• 16:34
  Speaker 4: Yeah, fair, I would feel stressed, But at the same
• 16:37
  Speaker 4: time it makes sense.
• 16:39
  Speaker 5: I think going through university and even high school, hextet
• 16:44
  Speaker 5: was always kind of sold to me as an interest
• 16:46
  Speaker 5: free loan, which in the last year particularly, is certainly not.
• 16:50
  Speaker 5: I think my hex stet was raised by about four
• 16:53
  Speaker 5: thousand dollars last financial year. That is my only debt.
• 16:57
  Speaker 5: I do also have a credit card, but I pretty
• 17:00
  Speaker 5: much just use it for points on larger purchases and
• 17:03
  Speaker 5: then pay it off immediately. With the property that I'm
• 17:07
  Speaker 5: looking to buy, Cans is still quite reasonably priced, so
• 17:11
  Speaker 5: I'm looking at apartments in about two hundred thousand dollars range. Yeah, cool,
• 17:17
  Speaker 5: of which I have quite a large deposit to put
• 17:20
  Speaker 5: towards whether I use all of my money as a
• 17:23
  Speaker 5: deposit or not. That has a rental return on it
• 17:26
  Speaker 5: of about between three hundred and three hundred and fifty
• 17:29
  Speaker 5: dollars a week.
• 17:30
  Speaker 2: That's pretty good.
• 17:31
  Speaker 4: And when you look at that and go all right, well,
• 17:34
  Speaker 4: you know it's a two hundred thousand dollars apartment, I
• 17:36
  Speaker 4: can get good rental yield. Would you look at putting
• 17:40
  Speaker 4: less of a deposit down and potentially putting money into
• 17:42
  Speaker 4: like an offset account? Is that something that you've spoken
• 17:44
  Speaker 4: to your broker about. I guess structuring to make sure
• 17:47
  Speaker 4: it works really well for you.
• 17:49
  Speaker 5: Yeah, that is something that I have spoken to my
• 17:51
  Speaker 5: broker about, and I will be putting it in an
• 17:54
  Speaker 5: offset account.
• 17:55
  Speaker 2: Love, we're all on the same page. I love that.
• 17:58
  Speaker 2: Tell me, now, what do you think your best money
• 18:00
  Speaker 2: habit is?
• 18:02
  Speaker 5: I think I am a really good saver.
• 18:04
  Speaker 2: I know you're a really good saver.
• 18:06
  Speaker 5: Yeah, which I will also discuss seeing my worst money habits.
• 18:11
  Speaker 5: But yeah, I think I'm a really good saver. I
• 18:14
  Speaker 5: was thinking about this. I also purchase a lot of
• 18:16
  Speaker 5: my clothes, furniture, you know, most things secondhand. My main
• 18:22
  Speaker 5: priority behind doing that is probably because it's the most
• 18:25
  Speaker 5: sustainable option, but it's also led me to like be
• 18:28
  Speaker 5: able to save a lot more money by doing that.
• 18:30
  Speaker 2: How does that work if you're remote?
• 18:32
  Speaker 4: Like, is it still easy to I guess, get access
• 18:35
  Speaker 4: to that market? You could say, like, I feel like
• 18:39
  Speaker 4: you would have less options.
• 18:41
  Speaker 5: Yeah. So living up here, everything in my house is
• 18:44
  Speaker 5: actually provided by work, so I don't need to go
• 18:46
  Speaker 5: out and buy furniture plates, that kind of stuff. When
• 18:50
  Speaker 5: it comes to clothes, I am a big sucker for Deepop.
• 18:53
  Speaker 1: Oh.
• 18:53
  Speaker 2: I love Deepop same.
• 18:55
  Speaker 5: I love to be able to support people as well
• 18:58
  Speaker 5: and selling the clothes that they no longer use rather
• 19:00
  Speaker 5: than bigger companies.
• 19:02
  Speaker 2: It's genius. I love it.
• 19:03
  Speaker 4: I feel like I checked Deepop before I make any
• 19:05
  Speaker 4: purchase nowadays as well, because I'm like.
• 19:07
  Speaker 2: Oh that's cute. Someone might have put it on Deepop
• 19:09
  Speaker 2: and half the time they.
• 19:10
  Speaker 5: Have exactly yeah. And that's quite easy. To get things
• 19:13
  Speaker 5: sent up in the mail. It does take about three
• 19:15
  Speaker 5: weeks to arrive. There's no instant gratification.
• 19:18
  Speaker 2: Oh I would suck up there.
• 19:20
  Speaker 4: I would forget that I'd ordered things and then they'd
• 19:22
  Speaker 4: turn up and be like oh yeah, yeah.
• 19:24
  Speaker 5: I do end up at the post office quite a
• 19:25
  Speaker 5: lot off.
• 19:26
  Speaker 4: Here, and segueing from that, what do you think your
• 19:29
  Speaker 4: worst money habit is?
• 19:31
  Speaker 1: So?
• 19:31
  Speaker 5: Yeah, As I mentioned, I think I quite a good saver.
• 19:34
  Speaker 5: I think my attitude towards money has shifted quite a
• 19:38
  Speaker 5: lot lately, So I think my worst money habits are
• 19:42
  Speaker 5: based on decisions that I had made previously. I'm feeling
• 19:45
  Speaker 5: quite annoyed that I haven't prioritized investment earlier on in
• 19:49
  Speaker 5: my life, whether that investment looked like contributing extra to
• 19:53
  Speaker 5: my super or buying a property sooner, or also making
• 19:58
  Speaker 5: voluntary payments on my I feel annoyed because I did
• 20:02
  Speaker 5: have the ability to do that sooner and I haven't.
• 20:04
  Speaker 4: But you didn't have the tools and resources and knowledge
• 20:07
  Speaker 4: that you did. Now, you can't be too harsh on yourself.
• 20:09
  Speaker 4: I feel like so many times we look back and go, oh,
• 20:11
  Speaker 4: my god, I would be so good if I X
• 20:13
  Speaker 4: Y Z.
• 20:14
  Speaker 2: Well, you know what, I'd be so good if I
• 20:15
  Speaker 2: started investing the day I was born. But I didn't, did.
• 20:18
  Speaker 5: I You're right, it is a terrible game to play,
• 20:21
  Speaker 5: the hindsight game. I think. Also one of my worst
• 20:24
  Speaker 5: money habits is I have always been a good saver,
• 20:28
  Speaker 5: as I mentioned, but typically before I moved up here,
• 20:31
  Speaker 5: that savings was always put towards travel. Yeah, so I would,
• 20:35
  Speaker 5: you know, get enough in my bank account to go traveling,
• 20:38
  Speaker 5: go traveling, deplete it and then come back and start
• 20:40
  Speaker 5: from scratch. Yeah okay, And so that is what I'm
• 20:44
  Speaker 5: trying to resist the urge to do these days. I'm
• 20:46
  Speaker 5: a little bit more grown up now, So if I
• 20:47
  Speaker 5: can just resist that urge to not quit my job
• 20:50
  Speaker 5: and go on a trip around the world, that would
• 20:52
  Speaker 5: be great.
• 20:53
  Speaker 4: I mean, it sounds pretty cool, Like I think you
• 20:55
  Speaker 4: could convince me. I think we could all do those things.
• 20:58
  Speaker 4: But if that's your worst money, have it. Like you're
• 21:00
  Speaker 4: a very interesting person, Like that is very very cool.
• 21:04
  Speaker 2: We've talked a lot.
• 21:05
  Speaker 4: I feel like you are absolutely killing it and also
• 21:08
  Speaker 4: living your best life at the same time, Like marine
• 21:11
  Speaker 4: pilotage sounds slay, Like.
• 21:13
  Speaker 2: That sounds so cool.
• 21:14
  Speaker 4: But then also getting to work in an NFP in
• 21:18
  Speaker 4: the environmental sector like that would nourish you. Like I
• 21:21
  Speaker 4: am assuming you're not doing it for the money, because
• 21:23
  Speaker 4: you obviously earn a lot in your bigger role, but
• 21:26
  Speaker 4: it just sounds like that is so cool, And you
• 21:29
  Speaker 4: live on an island, and yes, groceries are expensive, but
• 21:32
  Speaker 4: everything else kind of is subsidized, so maybe it works
• 21:35
  Speaker 4: out a bit. But now that we've talked, what do
• 21:39
  Speaker 4: you think it would take to get you from a
• 21:41
  Speaker 4: B plus to an A or an A plus.
• 21:43
  Speaker 5: Yeah, definitely just needs to prioritize the investing. So if
• 21:47
  Speaker 5: I can achieve my money goal of buying a property
• 21:49
  Speaker 5: this year, and once that's accomplished, move on to the
• 21:53
  Speaker 5: next thing, whether that's property or a different investment, that's
• 21:58
  Speaker 5: definitely what I would need to take me to.
• 22:00
  Speaker 2: That is so cool.
• 22:01
  Speaker 4: I love that because we know what's going to happen,
• 22:04
  Speaker 4: Like you are getting into property, and you will be
• 22:07
  Speaker 4: able to leverage that one into the next one. Even
• 22:10
  Speaker 4: just knowing that you've got a bigger deposit than you
• 22:12
  Speaker 4: need for your first property is going to be so constructive.
• 22:15
  Speaker 4: Like I am obsessed and I can't wait to see
• 22:17
  Speaker 4: where you go money, Darist. Unfortunately, that is all we
• 22:20
  Speaker 4: have time for today. But I have loved getting to
• 22:22
  Speaker 4: know you, getting to know a bit about your story.
• 22:25
  Speaker 2: It makes me want to go live on an island.
• 22:27
  Speaker 4: I'm not sure my husband or my impending baby is
• 22:30
  Speaker 4: going to like that idea. But like, I'll pitch it
• 22:33
  Speaker 4: to them and see what they say. But thank you
• 22:36
  Speaker 4: so much. I think our community is going to love
• 22:38
  Speaker 4: this story because it's just so different and so pervy.
• 22:41
  Speaker 2: So thank you.
• 22:42
  Speaker 5: Yeah, no worries, thank you so much for having me.
• 22:44
  Speaker 3: Of course, the advice shared on She's on the Money
• 22:53
  Speaker 3: is generally nature and does not consider your individual circumstances.
• 22:57
  Speaker 3: She's on the Money exists purely for educational purposes and
• 23:01
  Speaker 3: should not be relied upon to make an investment or
• 23:03
  Speaker 3: financial decision.
• 23:05
  Speaker 2: If you do choose to buy a financial product.
• 23:07
  Speaker 3: Read the PDS TMD and obtain appropriate financial advice.
• 23:11
  Speaker 2: Tailored towards your needs.
• 23:12
  Speaker 3: Victoria Divine and Sheese on the Money are authorized representatives
• 23:16
  Speaker 3: of Money Sherper Pty lt D a BN three two
• 23:20
  Speaker 3: one IS six four nine two seven seven zero eight
• 23:23
  Speaker 3: AFSL four five one two eight nine