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MONEY DIARIES: They Call Her Money Bags · 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
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  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
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  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 on the Money, the podcast
• 1:00
  Speaker 4: for millennials who want financial freedom. Welcome back to another
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  Speaker 4: one of our money diaries where we get to talk
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  Speaker 4: to one of our incredible She's on the Money community
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  Speaker 4: members all about their money story and journey. Let's jump
• 1:13
  Speaker 4: straight into it because I got this very short, very
• 1:15
  Speaker 4: elusive message this week and I think it deserves to
• 1:18
  Speaker 4: be on the show. Hi, She's on the Money. I
• 1:21
  Speaker 4: have a question for you. Have you ever procrastinated a
• 1:24
  Speaker 4: university assignment so much that you ended up buying a
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  Speaker 4: block of land instead. That's the whole submission, guys, and
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  Speaker 4: I could not leave it alone. Money Diarist, welcome to
• 1:34
  Speaker 4: the show. I cannot wait to learn more about you
• 1:36
  Speaker 4: and your story.
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  Speaker 3: To be fair, I was really trying to get under
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  Speaker 3: the twenty five words. Make sure my submission was too long.
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  Speaker 2: You got it, honestly.
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  Speaker 4: Some people just completely disregard that, and I'm fine with
• 1:49
  Speaker 4: that too, Like I put it in there as a little.
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  Speaker 2: Bit of a barrier.
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  Speaker 4: But you know, like I've got ADHD, I'm gonna read
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  Speaker 4: all of your stuff like I'm gonna read it, I'm
• 1:56
  Speaker 4: gonna look at it. But also because I've got ADHD.
• 2:00
  Speaker 4: The second you give me something elusive, I'm like, I
• 2:02
  Speaker 4: need to know more.
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  Speaker 2: What do you mean? What do you mean you baiting me?
• 2:05
  Speaker 2: Did you click bait me in.
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  Speaker 4: My own emails? I want to know first things first
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  Speaker 4: before we get to learn about this elusive story of yours.
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  Speaker 4: What grade would you give your money habits? If I
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  Speaker 4: asked you to give them a grade from A through
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  Speaker 4: to F.
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  Speaker 3: I think I would probably give myself a B.
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  Speaker 4: Is that because you like impulse by blocks of land?
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  Speaker 4: Maybe words to learn more about your money?
• 2:28
  Speaker 2: Story.
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  Speaker 3: Okay, so I have the nickname money Bags in my family.
• 2:34
  Speaker 2: Oh it must be nice. So you're little Richie rich.
• 2:36
  Speaker 3: Well, they all assume. So I have worked my entire
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  Speaker 3: you know, fourteen nine months, I was legally on the books.
• 2:44
  Speaker 3: Before then, I was probably working within a family business.
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  Speaker 2: I like that.
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  Speaker 4: You're like, probably not going to confirm or deny that publicly.
• 2:52
  Speaker 3: Yeah, no comment. I've always been fascinated by money and savings.
• 2:58
  Speaker 3: So from a really young age where I had the choice,
• 3:02
  Speaker 3: and my Naan was probably a big driver in this.
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  Speaker 3: She would say do you want the chocolate or do
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  Speaker 3: you want five dollars? I'd always take the money. That
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  Speaker 3: was just me.
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  Speaker 4: I love that because if you offer me chocolate or
• 3:13
  Speaker 4: five dollars even today, no, sorry, it's the chocolate.
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  Speaker 3: Yeah, not money love. I love the money. Yeah. So
• 3:23
  Speaker 3: I enjoyed watching my bank account go up and the
• 3:27
  Speaker 3: saving aspect of that, and I in my life being
• 3:30
  Speaker 3: able to do a lot with that. And yeah, so
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  Speaker 3: that's my nickname. That's where that comes from.
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  Speaker 2: I love that.
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  Speaker 4: How old are your money Bags? I am thirty, you're thirty,
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  Speaker 4: and tell me a bit more. How did you grow
• 3:43
  Speaker 4: up around money? So you adored it. Is this something
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  Speaker 4: that was like kind of ingrained in your parents or
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  Speaker 4: was that just mainly your nana? And what does that
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  Speaker 4: meant now as an adult, like how you approach money.
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  Speaker 3: Yeah, so I don't really remember my parents talking a
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  Speaker 3: lot about money, but my grandparents, so my Nan and
• 4:01
  Speaker 3: Granda in particularly, they did. My nan is a you know,
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  Speaker 3: business woman. She's owned a lot of properties, owned shares
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  Speaker 3: businesses along the way, so she's always been very open
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  Speaker 3: with her information. And she's one that I've always gone to,
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  Speaker 3: yeah for everything in terms of that, and I think
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  Speaker 3: that just kind of rubbed off on me over the years,
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  Speaker 3: and I've probably learned a lot of my tricks and
• 4:27
  Speaker 3: things from her, but my parents probably not so much.
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  Speaker 3: They divorced when I was about four. My sister and
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  Speaker 3: I lived across two households. They both remarried and had
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  Speaker 3: more kids along the way, so you know, I'd do
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  Speaker 3: the whole go to one house and then go to
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  Speaker 3: the other house, so it was very much you'd move
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  Speaker 3: around a bit. But yeah, money habits. My nan will
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  Speaker 3: always say that I got them from her.
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  Speaker 2: I love that. I like that she takes the credit.
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  Speaker 2: Get it Nana? Oh Yeah, so tell me a bit more.
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  Speaker 4: I'm so pervy because you know, obviously, have you ever
• 5:01
  Speaker 4: procrastinated a uni assignment so much that you ended up
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  Speaker 4: buying a block of land?
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  Speaker 2: Come on, spoil it? Like why how does this happen?
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  Speaker 4: Like how are you just sitting there being like, Oh,
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  Speaker 4: I really should write a thousand words or spend one
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  Speaker 4: hundred grand like I don't know.
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  Speaker 3: So my sister went down to look at some blocks
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  Speaker 3: of land and she went with my mum and I
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  Speaker 3: think they ended up calling my nan to come and
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  Speaker 3: have a look, and her and her boyfriend at the time,
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  Speaker 3: they were really keen. My sister's probably the opposite to me.
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  Speaker 3: She can be very impulsive jump to things, so if
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  Speaker 3: she wants something, she'll go for it very quickly. So
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  Speaker 3: she went down to purchase a block, and my grandparents
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  Speaker 3: then rang me from there and said, you need to
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  Speaker 3: get down here. You've got the savings. We know you've
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  Speaker 3: got the savings.
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  Speaker 2: Yeah, because your money bags, So it makes sense.
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  Speaker 3: I was about twenty three at the time, twenty two,
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  Speaker 3: so I went, yeah, I'm not enjoying writing this assignment
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  Speaker 3: right now. So I went down and we had to
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  Speaker 3: just put a deposit and I stood there with my
• 6:08
  Speaker 3: granddad and he was a builder, and he said, right,
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  Speaker 3: you want this block, this block or this block. They're
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  Speaker 3: the bust blocks in this division. So I picked one,
• 6:19
  Speaker 3: and then these random people behind me were listening to
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  Speaker 3: my granddad, and then they took the second option. They
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  Speaker 3: became my next door neighbors. So that was all well
• 6:26
  Speaker 3: and good, except what I didn't actually add in that
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  Speaker 3: submission to you is I have been with my now
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  Speaker 3: husband since I was thirteen.
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  Speaker 2: Was so cute high school sweetheart.
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  Speaker 3: Yeah, so we've been together a long time. What I
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  Speaker 3: didn't tell him at the time was so I obviously
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  Speaker 3: went down to look at these blocks of land and
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  Speaker 3: put down a deposit. Him and I were heading off
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  Speaker 3: to the footy that night on the train, and I
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  Speaker 3: had to say to him, so, today, instead of my
• 6:59
  Speaker 3: uni side, I purchased a block of land. You've got
• 7:03
  Speaker 3: two options. You can either buy and with me and
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  Speaker 3: we'll build together, or you can move in with me,
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  Speaker 3: but you'll pay me rent. I'll be your landlord.
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  Speaker 4: I love that you've been together since you're thirteen, and
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  Speaker 4: you didn't at any point during that process go hey, Grandpa,
• 7:19
  Speaker 4: probably should call my boyfriend of six billionaires and check
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  Speaker 4: if this is a major financial decision we're both willing
• 7:26
  Speaker 4: to embark on.
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  Speaker 2: You just said no, this is what we're doing.
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  Speaker 3: Yeah, pretty much, and that's just us in a nutshell.
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  Speaker 4: So tell me how that went down? Like, was your
• 7:35
  Speaker 4: partner mad? Like, I'm not gonna lie. If my husband
• 7:39
  Speaker 4: came home and had made a significant financial decision without me,
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  Speaker 4: I would be livid.
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  Speaker 2: Like if he came.
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  Speaker 4: Home with a new car without discussing off it, if
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  Speaker 4: he had spent more than I don't know, one thousand
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  Speaker 4: dollars on something, I'd be like.
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  Speaker 2: Excuse me, sir, Like, we have a budget, we have
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  Speaker 2: a plan. What are you doing? So how does this
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  Speaker 2: go down in other relationships?
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  Speaker 3: Look, if that was him doing that to me, I'd
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  Speaker 3: be the one losing it.
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  Speaker 2: I know who wears the pants now.
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  Speaker 3: No, Look, we had obviously been talking about what we
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  Speaker 3: would be doing in our life next, where we'd be going,
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  Speaker 3: and he can be a bit anxious when it comes
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  Speaker 3: to making decisions.
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  Speaker 2: Oh so you just made it for him?
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  Speaker 3: Yeah, which I was kind of like, well, you know,
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  Speaker 3: I've solved the problem.
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  Speaker 2: Was he grumpy? Was he like what have you done?
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  Speaker 2: Or was he like money, dirist, that's cool, no worries,
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  Speaker 2: like what a time to be alive?
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  Speaker 3: Yea, no, look he went with it. He was very good.
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  Speaker 3: And look when we told his parents, funny enough, their
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  Speaker 3: first question was, what do your grandparents see?
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  Speaker 2: I love that your grandparents seem to be like this,
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  Speaker 2: like beacon of financial knowledge in your household. Like if
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  Speaker 2: your grandparents say yes, it must be a good idea.
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  Speaker 3: Yeah. Well even my in laws will go what have
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  Speaker 3: your grandparents said on this? Is this a safe move?
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  Speaker 3: Is this good?
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  Speaker 4: And you're like, oh, my grandparents picked the block. And
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  Speaker 4: then they're like, oh, okay, well in that case, much
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  Speaker 4: money did you need?
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  Speaker 2: No worries?
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  Speaker 3: One hundred percent?
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  Speaker 2: Oh that's so good. All right. So you're now thirty.
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  Speaker 4: You've been with your now husband since you were thirteen.
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  Speaker 4: When did you get married? How did all of that
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  Speaker 4: pan out? Tell me about your love life?
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  Speaker 3: Yeah, so we got married in twenty eighteen, so.
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  Speaker 2: Pre COVID money win, Yes, money win.
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  Speaker 3: Obviously, went off, finished high school, went off to UNI.
• 9:25
  Speaker 3: I went overseas for a gap year and taught English
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  Speaker 3: in Poland.
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  Speaker 2: Oh very cool.
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  Speaker 3: Yeah, So I did that for a year, which was fun,
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  Speaker 3: and then I came back and did teaching degree and
• 9:34
  Speaker 3: then yeah, so we kind of got married and now
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  Speaker 3: we're in the same house that we built. So we've
• 9:40
  Speaker 3: been there since twenty seventeen.
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  Speaker 2: Now a door.
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  Speaker 4: All right, Well, now tell me what do you do
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  Speaker 4: for work and how much money do you earn?
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  Speaker 3: Yeah, so I have left teaching. I'm now a childcare
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  Speaker 3: center manager. Oh yeah, and I'm on about eighty k
• 9:59
  Speaker 3: a year and a company car.
• 10:01
  Speaker 4: What made you make that choice? Like, what made you
• 10:03
  Speaker 4: change from teaching to childcare?
• 10:06
  Speaker 1: So?
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  Speaker 3: I was originally in childcare family business. So my mom
• 10:10
  Speaker 3: and my grandma opened up childcare centers when I was
• 10:13
  Speaker 3: about four yeap, and I worked in them. That's why
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  Speaker 3: I sort of say, you know, fourteen nine months Yeuckfully,
• 10:19
  Speaker 3: I was working.
• 10:20
  Speaker 2: But you're always helping out.
• 10:21
  Speaker 4: And I feel like when you're young as well, if
• 10:23
  Speaker 4: you're working in a childcare center, it's probably kind of fun.
• 10:26
  Speaker 3: Yeah. Well, you know, I got lots of skills and
• 10:28
  Speaker 3: I sort of I enjoyed doing and it was just
• 10:32
  Speaker 3: when I got to UNI, I did a so I
• 10:34
  Speaker 3: covered early childhood, primary secondary, special education.
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  Speaker 2: Yeah cool, that would be so valuable in your role.
• 10:42
  Speaker 3: Obviously working under your mum is very hard because people
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  Speaker 3: assume that I don't have my own knowledge and that
• 10:50
  Speaker 3: I'm just the boss's daughter, that sort of thing. So
• 10:53
  Speaker 3: the plan for me was always to leave for a
• 10:55
  Speaker 3: few years and then I always said when I had kids,
• 10:58
  Speaker 3: i'd come back. I haven't had kids yet, but my
• 11:02
  Speaker 3: mum decided to open up another childcare center about an
• 11:06
  Speaker 3: hour from where we live, and it was getting a
• 11:10
  Speaker 3: bit hard for her to try and do too at
• 11:13
  Speaker 3: the same time. So I was a you know, teacher
• 11:16
  Speaker 3: through COVID. I was pretty burnt out and I went,
• 11:20
  Speaker 3: I need a change, so I jumped ship and so
• 11:24
  Speaker 3: I've been managing our second center for about two years now.
• 11:27
  Speaker 2: That's actually very very cool.
• 11:29
  Speaker 4: Obviously, I've been quite vocal about childcare in the past
• 11:33
  Speaker 4: as somebody who works in that space. Obviously, you know,
• 11:39
  Speaker 4: high fees sometimes in these circumstances, the childcare workers or
• 11:44
  Speaker 4: let's call them educators because that's what they are, they
• 11:47
  Speaker 4: are not paid properly. What are your thoughts and feelings
• 11:50
  Speaker 4: on me being so vocal about this as someone who
• 11:52
  Speaker 4: like literally works in and you know via family owns them.
• 11:56
  Speaker 3: Look, whilst I agree with a lot of what you've said.
• 12:00
  Speaker 2: That's why I'm asking. I'm like, I want to hear
• 12:01
  Speaker 2: your opinion.
• 12:03
  Speaker 3: So for a long time we were childcare workers. We
• 12:07
  Speaker 3: weren't shown the same respect as teachers.
• 12:09
  Speaker 4: Which is a joke because let's be honest, the first
• 12:12
  Speaker 4: five years are the most formative.
• 12:14
  Speaker 3: Yeah, one hundred percent. So we've worked really hard over
• 12:18
  Speaker 3: the years to get some attention on ourselves. And whilst
• 12:22
  Speaker 3: where you know, we're considered a private business of course,
• 12:25
  Speaker 3: as we're family owned and that sort of thing, we're
• 12:28
  Speaker 3: not necessarily your corporate centers, so a lot of ours
• 12:32
  Speaker 3: we will always pay above the award slay. We love this, Yeah,
• 12:37
  Speaker 3: so that's just something you know, we work in with
• 12:39
  Speaker 3: our staff a little bit different. You know, they've got
• 12:42
  Speaker 3: kids that are starting school, if they've got camps that
• 12:45
  Speaker 3: they're coming back from. Will always make things even if
• 12:48
  Speaker 3: it means that I jump on the floor. I quite
• 12:50
  Speaker 3: often jump on the floor to make sure that my
• 12:52
  Speaker 3: staff are looked after. I love that we choose to
• 12:55
  Speaker 3: do a forced closure over Christmas. So I've got a
• 12:58
  Speaker 3: lot of cranky parents me for it, but it's something
• 13:02
  Speaker 3: that I can give my stuff.
• 13:03
  Speaker 4: At the end of the day, Like it's a business
• 13:05
  Speaker 4: still like, I totally. It's annoying if you're a parent
• 13:09
  Speaker 4: that relies on childcare. But at the same time, you're like,
• 13:12
  Speaker 4: I'm a business and I have employees that need to
• 13:14
  Speaker 4: be looked after and need some time off, and there's
• 13:18
  Speaker 4: not going to be a better time than Christmas to
• 13:19
  Speaker 4: call the shots.
• 13:20
  Speaker 3: Yeah, And look, it's a tough industry at the moment,
• 13:24
  Speaker 3: because yes, they've upped all the subsidies, which is fantastic
• 13:27
  Speaker 3: because they were really low and if you earned over
• 13:30
  Speaker 3: a certain amount, you were getting nothing back, and I
• 13:32
  Speaker 3: just see that's unfair. But I guess the one thing
• 13:36
  Speaker 3: to consider is the cost of living has gone up.
• 13:39
  Speaker 2: Oh, absolutely, Inflation isn't crazy.
• 13:41
  Speaker 3: So we provide all meals. Yeah, so I've got a
• 13:44
  Speaker 3: full time chef that works for us.
• 13:45
  Speaker 4: That sounds bougie, little bougie toddlers getting their private chef.
• 13:49
  Speaker 3: Oh she's very good. Like you'd be amazed what sort
• 13:52
  Speaker 3: of vegetables you can get into muffins and you eat
• 13:54
  Speaker 3: these muffins and not know there's vegetables in them. Yeah,
• 13:57
  Speaker 3: So you've got that. All your costs of you know,
• 14:00
  Speaker 3: electricity and water and things like that. Everything's gone up
• 14:03
  Speaker 3: one hundred percent, So from a business point of view,
• 14:06
  Speaker 3: it is harder. We have to up our fees one
• 14:08
  Speaker 3: hundred percent. You do to also keep in line with
• 14:10
  Speaker 3: other centers. Like where I am, there's two centers that
• 14:14
  Speaker 3: are fairly close by, but they're the only other centers
• 14:16
  Speaker 3: in the area.
• 14:17
  Speaker 2: So it's a really it's competitive.
• 14:19
  Speaker 3: Our fees are sixteen dollars less than the next one,
• 14:22
  Speaker 3: but we provide food and they don't, So I do
• 14:25
  Speaker 3: think it's a little bit unfair in how much the
• 14:29
  Speaker 3: price can vary.
• 14:31
  Speaker 2: It's wild.
• 14:31
  Speaker 4: I think a lot of the time people assume that
• 14:33
  Speaker 4: it's your choice, like your family's choice to overcharge. It's
• 14:36
  Speaker 4: like no, like people who own childcare centers, especially family
• 14:40
  Speaker 4: owned and run ones, are.
• 14:42
  Speaker 2: Usually just obsessed with kids.
• 14:43
  Speaker 4: Really want them to have like the right you know,
• 14:46
  Speaker 4: nurturing environment, want to feed them well, want to look
• 14:49
  Speaker 4: after them. But yeah, I think my jumping up and
• 14:52
  Speaker 4: down is very much government related for more support to
• 14:55
  Speaker 4: be given because it's necessary, right, like for moms to
• 14:58
  Speaker 4: return to work, Like my baby's going to go into daycare,
• 15:02
  Speaker 4: like you've probably seen it online. I have been on
• 15:04
  Speaker 4: a wait list since this baby was like four months
• 15:08
  Speaker 4: in uterow like we were writing down They're like, oh,
• 15:11
  Speaker 4: like is it a boy or a girl? We don't know, Like,
• 15:13
  Speaker 4: let's just put baby Divine on a wait list.
• 15:15
  Speaker 3: Like it had.
• 15:16
  Speaker 2: It's so insane.
• 15:17
  Speaker 3: I'm currently pregnant. Okay, grats, thank you. I've had to
• 15:22
  Speaker 3: do it for my own child. It literally has you know,
• 15:26
  Speaker 3: TBC baby.
• 15:28
  Speaker 2: Yep, TBC baby.
• 15:29
  Speaker 4: And every month I get a text message from this
• 15:31
  Speaker 4: daycare center saying, oh, you are on the wait list
• 15:34
  Speaker 4: like for TBC Baby Divine.
• 15:36
  Speaker 2: Do you want to stay on the wait list? Reply yes?
• 15:38
  Speaker 4: And I'm always like yes really quickly because I obviously
• 15:40
  Speaker 4: don't want to lose my daycare spot.
• 15:42
  Speaker 2: But I didn't realize this was an issue.
• 15:44
  Speaker 3: Definitely, when you get a spot, take whatever day you
• 15:47
  Speaker 3: can get, and then build up from there because once
• 15:49
  Speaker 3: you're in and more likely to offer you more days
• 15:52
  Speaker 3: than they are to go to the next person on
• 15:54
  Speaker 3: the wait list.
• 15:54
  Speaker 4: Like that's it's so complex though, Like complete side note
• 15:58
  Speaker 4: that I think people will find interesting is they were
• 16:00
  Speaker 4: asking me what days I wanted and I said, look,
• 16:03
  Speaker 4: we're probably going to start daycare from about six months,
• 16:06
  Speaker 4: like my husband's taking six months off. I'll be really
• 16:09
  Speaker 4: flexible during that time too, obviously, but after six months,
• 16:13
  Speaker 4: we'd love to do like maybe one or two days
• 16:15
  Speaker 4: on a Tuesday and a Wednesday. Like we'd love to
• 16:18
  Speaker 4: like work from home on the Monday in the Friday.
• 16:20
  Speaker 2: We'll work it out right. And they're like, oh, no,
• 16:21
  Speaker 2: you have to do a Monday or a Friday.
• 16:23
  Speaker 3: Yeah, I heard that in your episode and I was like,
• 16:26
  Speaker 3: I've never heard that.
• 16:27
  Speaker 4: The competition is wild, and I was like, but I
• 16:29
  Speaker 4: don't want a Friday or a Monday, Like they're the
• 16:31
  Speaker 4: best days. They're the ones that are going to be
• 16:33
  Speaker 4: public holidays. They're the ones that are going to be
• 16:35
  Speaker 4: like when my husband has it easier day.
• 16:37
  Speaker 3: Do they do swaps?
• 16:38
  Speaker 2: I don't know.
• 16:39
  Speaker 3: Make sure check that too. You want to get a
• 16:42
  Speaker 3: center that will do public holiday swaps smart because otherwise
• 16:45
  Speaker 3: you have to pay for it even if it's public holiday.
• 16:48
  Speaker 2: The world is wild. Daycare is wild.
• 16:50
  Speaker 4: And I'm not saying it's a bad thing because I
• 16:52
  Speaker 4: think we're doing the best within the constraints that we
• 16:55
  Speaker 4: have in Australia. But at the end of the day,
• 16:58
  Speaker 4: I see childcare as an essential service and that essential
• 17:01
  Speaker 4: service should be supported more especially by a government who
• 17:05
  Speaker 4: want more women in the workforce.
• 17:06
  Speaker 2: You want more women in the.
• 17:07
  Speaker 4: Work support daycare, support childcare, make sure that kids can
• 17:11
  Speaker 4: get looked after in a way that you know, parents
• 17:13
  Speaker 4: don't go.
• 17:14
  Speaker 2: Oh, I really wouldn't want them going there.
• 17:16
  Speaker 3: Like why one thing they really do need to do
• 17:19
  Speaker 3: is get more educators. Like the industry has lost so
• 17:23
  Speaker 3: many educators through COVID and things like that. But a
• 17:26
  Speaker 3: lot of the time you're on a wait list, not
• 17:28
  Speaker 3: because they don't have the space to take you, they
• 17:31
  Speaker 3: don't have the staff to take you on. And it's
• 17:34
  Speaker 3: such a ratio business.
• 17:36
  Speaker 2: And I didn't realize that.
• 17:38
  Speaker 3: And the education is just not there. I've put on
• 17:40
  Speaker 3: seven trainees. A lot of my role is mentoring because
• 17:44
  Speaker 3: obviously I come from that teaching background and that's my thing.
• 17:47
  Speaker 2: Yeah, of course they're not.
• 17:49
  Speaker 3: Giving the incentives back to the educators for people to
• 17:52
  Speaker 3: become educators. They're slowly, you know, giving a few thousand
• 17:56
  Speaker 3: here and there to them, but they're not encouraging people
• 17:59
  Speaker 3: to come into that workforce. And that's where then, Yeah, families,
• 18:02
  Speaker 3: working mums are left without care because we legally are
• 18:06
  Speaker 3: not allowed to.
• 18:06
  Speaker 4: Because we just don't have the staff to look after them. Yeah, exactly.
• 18:10
  Speaker 4: Oh my gosh, I feel like that's a lot. Let's
• 18:13
  Speaker 4: ask more questions about you though, less ab out daycare.
• 18:16
  Speaker 4: Now we know that you work in childcare and you're
• 18:18
  Speaker 4: having a bambini soon. What is your big money goal?
• 18:22
  Speaker 4: What are you currently working towards because you already bought
• 18:24
  Speaker 4: the block of land and build the house.
• 18:25
  Speaker 3: You know, yes, So look, my big money goal at
• 18:29
  Speaker 3: the moment was for us to have a child. So
• 18:31
  Speaker 3: we've had a few issues to all be natural now,
• 18:34
  Speaker 3: but I've had a few miscarriages and things like that,
• 18:37
  Speaker 3: so I've had a bit of a journey. So We've
• 18:40
  Speaker 3: done a lot of travel in our past, and you know,
• 18:43
  Speaker 3: the house and things like that. Ultimately, I'd love to
• 18:46
  Speaker 3: own my house sooner rather than later. So yeah, you
• 18:49
  Speaker 3: can bet that that is definitely a big money goal
• 18:52
  Speaker 3: for me. But probably our main one at the moment
• 18:55
  Speaker 3: is to prepare for a baby and make sure we've
• 18:59
  Speaker 3: got all the bits and peace. And I've got a
• 19:01
  Speaker 3: bit more time than you. I'm not due for a
• 19:05
  Speaker 3: while yet.
• 19:06
  Speaker 2: How far along are you.
• 19:07
  Speaker 3: I've just hit thirteen weeks.
• 19:09
  Speaker 4: Oh my gosh, congratulations. Yeah, that's the most exciting week.
• 19:12
  Speaker 4: I feel like when you get to twelve, you're like, breathe,
• 19:14
  Speaker 4: a little sigh of relief. And then you get to
• 19:16
  Speaker 4: thirteen and you're like, oh, this is real, real, Yeah,
• 19:21
  Speaker 4: that's very so exciting. But you have so much baby experience.
• 19:25
  Speaker 4: I will say one thing that shocked me was how
• 19:27
  Speaker 4: expensive baby stuff is and how much it adds up,
• 19:30
  Speaker 4: like so so quickly.
• 19:33
  Speaker 3: Start stocking up on nappies and wipes.
• 19:35
  Speaker 2: I'm across that.
• 19:36
  Speaker 4: I got a whole heap of nappies and wipes in
• 19:38
  Speaker 4: the Black Friday sales and it was like, to me,
• 19:41
  Speaker 4: the lamest purchase.
• 19:42
  Speaker 2: But I was like so proud of like what a
• 19:45
  Speaker 2: good deal. I Oh.
• 19:45
  Speaker 4: I was like, oh this is so good. I am
• 19:47
  Speaker 4: a money saving queen. And then I was like, I'm
• 19:49
  Speaker 4: buying bulk nappies. Who am I? So that was a
• 19:52
  Speaker 4: bit of an existential crisis.
• 19:54
  Speaker 2: So saving for a baby, what is I guess your
• 19:55
  Speaker 2: biggest tip or trick having so much experience in that
• 19:58
  Speaker 2: educator space actually with young kids, for I guess saving
• 20:02
  Speaker 2: money with kids.
• 20:04
  Speaker 3: Definitely start practicing paying childcare fees now, because that's just
• 20:10
  Speaker 3: for savings for you. So if you know your subsidies
• 20:13
  Speaker 3: and stuff, already, which you probably won't until Bubs is born.
• 20:18
  Speaker 3: But even if you pick a rate, you can get
• 20:22
  Speaker 3: on and do like the childcare subsidy calculators and just
• 20:26
  Speaker 3: even find out a friend's rate and use that and
• 20:29
  Speaker 3: work out what your gap payment would be and put
• 20:32
  Speaker 3: that away. So I've sounds really bad. Obviously I haven't
• 20:36
  Speaker 3: got any kids, but I've done that. That's like my
• 20:38
  Speaker 3: four savings. That's how I work out the amount I'm
• 20:40
  Speaker 3: going to do. Oh, that's so sick in practice, so
• 20:43
  Speaker 3: that it's part of your budget, because I'm forever listening
• 20:48
  Speaker 3: to people talk about how much childcare ends up being
• 20:51
  Speaker 3: such a big part of their budget that you get
• 20:54
  Speaker 3: used to it. And that's what we often say to
• 20:55
  Speaker 3: our families that are finishing kinder. Continue to put that
• 20:58
  Speaker 3: gap money aside. If that's been part of your budget,
• 21:02
  Speaker 3: then that becomes your holiday fund or they've gone off
• 21:05
  Speaker 3: to school.
• 21:06
  Speaker 2: Yeah, so smart. I love that.
• 21:08
  Speaker 4: All right, let's go to a really quick break and
• 21:10
  Speaker 4: on the flip side, I have a heap of questions
• 21:12
  Speaker 4: for you because you didn't give me a lot in
• 21:14
  Speaker 4: your intro email, So guys, don't go anywhere, all right,
• 21:21
  Speaker 4: money direst we are back, and I want to know.
• 21:23
  Speaker 4: You're obviously good at forced savings. I mean, you've got
• 21:26
  Speaker 4: the nickname of money bags. So tell me do you
• 21:29
  Speaker 4: have any investments? If so, what are they? If not,
• 21:32
  Speaker 4: what's your plan?
• 21:33
  Speaker 3: I actually do have a few investments that obviously I
• 21:36
  Speaker 3: didn't mention it.
• 21:37
  Speaker 2: I'm not surprised. I feel like someone called money bags
• 21:40
  Speaker 2: probably does have investments.
• 21:42
  Speaker 3: I've got twenty five thousand in shares.
• 21:45
  Speaker 2: You what.
• 21:47
  Speaker 5: Love get it, queen, I've got around one hundred thousand
• 21:51
  Speaker 5: in my super I've been salary sacrificing since I was
• 21:56
  Speaker 5: nineteen adore, and my husband and I have purchased an
• 22:00
  Speaker 5: investment property.
• 22:01
  Speaker 4: Oh my gosh, you are absolutely balled. No wonder everyone
• 22:05
  Speaker 4: calls you money bags. Tell me how much your grandparents had?
• 22:10
  Speaker 4: I guess in a say of those shares, Like is
• 22:12
  Speaker 4: that something that you sat down with them to talk
• 22:14
  Speaker 4: about or did you make your own decisions? Like I'm
• 22:16
  Speaker 4: just assuming that your nana is like this like holy
• 22:19
  Speaker 4: grail of like financial knowledge, So I just assumed she
• 22:22
  Speaker 4: might have been involved.
• 22:24
  Speaker 3: Look, she's more into the property. So the investment property
• 22:28
  Speaker 3: is all her saying to me, You know, this is
• 22:31
  Speaker 3: in a great location. You know, this is perfect for you.
• 22:36
  Speaker 3: Shares came about back in the day there were no
• 22:40
  Speaker 3: finance women durus, so obviously I went. I started with
• 22:44
  Speaker 3: Barefoot and pushed you a bit further. I think I
• 22:47
  Speaker 3: found you in one of those really early days where
• 22:50
  Speaker 3: I feel like we were in like a hairdressers and
• 22:53
  Speaker 3: you had like your intimate girls.
• 22:55
  Speaker 2: Oh my gosh, she came to the Blow in Melbourne. Yeah,
• 22:59
  Speaker 2: oh my god. Yes, I did, like an intimate like
• 23:03
  Speaker 2: way back when I had like no followers, like financial
• 23:07
  Speaker 2: literacy workshop with Phoebe from the Blow.
• 23:09
  Speaker 4: Yes, oh my gosh, there were like twenty five of
• 23:12
  Speaker 4: you and you were there. I adore that so much.
• 23:15
  Speaker 3: So one of my girlfriends, I don't know how she
• 23:17
  Speaker 3: got onto you, but she got onto you and she
• 23:20
  Speaker 3: took me along and she's another save. I did all
• 23:23
  Speaker 3: my travel with her.
• 23:24
  Speaker 2: Yeah yeah, yeah, in my sort of.
• 23:27
  Speaker 3: Early twenties, we went off around Europe a few times,
• 23:30
  Speaker 3: and yeah, very much so that we came to your
• 23:35
  Speaker 3: event and it was so good. It was Yeah, when
• 23:37
  Speaker 3: you were starting out, I was just a baby.
• 23:39
  Speaker 2: Don't tell anyone what happened at that event.
• 23:42
  Speaker 3: It was great. It was really insightful and it meant that,
• 23:45
  Speaker 3: I guess for me, there were other women out there
• 23:49
  Speaker 3: that were interested in finance. You've always talked about it
• 23:51
  Speaker 3: being a very male dominated arena.
• 23:54
  Speaker 2: Yeah, true, and.
• 23:56
  Speaker 3: There just wasn't information when I was a teenager that
• 23:59
  Speaker 3: was put out from women or you just didn't see it.
• 24:02
  Speaker 3: So it's been really cool to watch this space, you.
• 24:05
  Speaker 2: Know, go from my events of twenty five people. I
• 24:10
  Speaker 2: love it so much. Thank you for coming, thank you
• 24:12
  Speaker 2: for staying.
• 24:14
  Speaker 3: Yeah. So I enjoy learning, and I've taken on bits
• 24:19
  Speaker 3: and pieces of sort of finance gurus along the way
• 24:23
  Speaker 3: and some of their tips and tricks and things like that.
• 24:26
  Speaker 3: So it was very much I guess that sort of
• 24:28
  Speaker 3: started me out on starting to understand what shares were about.
• 24:32
  Speaker 3: I also got into my millennial money.
• 24:36
  Speaker 2: Yeah, adore.
• 24:37
  Speaker 4: I like how everyone hesitates before mentioning another like finance
• 24:41
  Speaker 4: or money podcast on my show, and I'm like, no,
• 24:44
  Speaker 4: like a share the love, Like we love every other
• 24:46
  Speaker 4: money and finance podcast, but everyone's like, oh and this
• 24:50
  Speaker 4: other company, and I'm like, yeah, like get it, like
• 24:52
  Speaker 4: tell us, Like there's so much information out there, we
• 24:55
  Speaker 4: should be absorbing all of it.
• 24:57
  Speaker 3: Yeah, So I've obviously really enjoyed techno in that sense
• 25:00
  Speaker 3: that I've been able to gain all this knowledge from people,
• 25:06
  Speaker 3: and I've been able to teach myself a lot of
• 25:09
  Speaker 3: things along the way and get an understanding of why
• 25:12
  Speaker 3: to do things. So particularly like with the super you know,
• 25:17
  Speaker 3: we were never taught about super in school.
• 25:19
  Speaker 2: No, it's so silly that you're not.
• 25:21
  Speaker 4: Like, it's crazy to me that you don't, because it's
• 25:23
  Speaker 4: such a big part of our life. Like most people
• 25:26
  Speaker 4: will retire and subernuation will be their biggest asset, and
• 25:30
  Speaker 4: we're not taught how to manage it. We're not taught
• 25:32
  Speaker 4: how to contribute to it. We're not taught that it's
• 25:34
  Speaker 4: even that important. I think that there's just this like
• 25:37
  Speaker 4: add on that, Like, by the.
• 25:39
  Speaker 2: Way, money drest.
• 25:40
  Speaker 4: When you get a real job, you'll start having to
• 25:41
  Speaker 4: pay super hard we do just to be part of
• 25:43
  Speaker 4: your package, Like don't worry your employer or sort it out,
• 25:46
  Speaker 4: so don't even stress. Just they'll give you some paperwork,
• 25:49
  Speaker 4: just fill it in and you wham maam, thank you ma'am.
• 25:52
  Speaker 4: And you're like, wait, no, this could be like life changing,
• 25:55
  Speaker 4: and nobody's talking about it that way.
• 25:57
  Speaker 3: Yeah, So it's been really interesting to watch that grow.
• 26:00
  Speaker 3: From when I first started upping, I've contributed fifteen percent
• 26:05
  Speaker 3: my whole sort of after finishing high school.
• 26:08
  Speaker 4: She's a smart cookie. No wonder they call you money bags.
• 26:12
  Speaker 4: All right, money bags. I want to know about your debt.
• 26:15
  Speaker 4: So you have some shares, you obviously have one hundred
• 26:17
  Speaker 4: grand in super You've recently bought an investment property. But
• 26:21
  Speaker 4: tell me about the debt that you have on your
• 26:22
  Speaker 4: current property. Tell me about your investment property and any
• 26:25
  Speaker 4: other debt you have.
• 26:26
  Speaker 2: I want to know it all.
• 26:27
  Speaker 3: Yeah. So, obviously I have two mortgages currently our own house.
• 26:33
  Speaker 3: We owe about two hundred and fifty.
• 26:35
  Speaker 2: That's pretty good at thirty.
• 26:37
  Speaker 3: Yeah. Yeah, so we've worked hard on that.
• 26:39
  Speaker 2: What's the property worth?
• 26:41
  Speaker 3: It's worth about nine to fifty.
• 26:43
  Speaker 2: Oh my gosh, no it's not.
• 26:45
  Speaker 3: Yeah. So we bought in a growth corridor area and
• 26:49
  Speaker 3: it's now in high demand.
• 26:51
  Speaker 2: Thanks Grandpa. I love that, all right, tell me more.
• 26:53
  Speaker 2: What else have you got? So?
• 26:55
  Speaker 3: Obviously our investment loan is quite high. It's about seven
• 26:59
  Speaker 3: hundred yep, but still manageable within our.
• 27:04
  Speaker 2: Budget, especially because you already have seven hundred thousand dollars
• 27:08
  Speaker 2: of equity sitting in your family home right now.
• 27:10
  Speaker 3: Yes, so we've got that, We've already got a renter
• 27:13
  Speaker 3: in there. It's in an area we're very lucky, that's
• 27:17
  Speaker 3: very central to sort of the city element of where
• 27:21
  Speaker 3: it is located.
• 27:22
  Speaker 2: Yeah, very cool. Yeah, what's that worth?
• 27:25
  Speaker 4: Sorry before we move in? Like if you've got a
• 27:27
  Speaker 4: seven hundred thousand dollar alone on.
• 27:29
  Speaker 3: It, I think it was valued at about eight thirty.
• 27:34
  Speaker 2: Very nice?
• 27:35
  Speaker 4: And is that like how long have you owned that?
• 27:37
  Speaker 4: When did you purchase your investment property?
• 27:39
  Speaker 3: Probably about six months ago?
• 27:40
  Speaker 4: Okay, so like that's epic. Did you use equity to
• 27:43
  Speaker 4: purchase that? Yes, so you didn't even have to cash
• 27:45
  Speaker 4: out anything. You just signed up for it. And now
• 27:48
  Speaker 4: you have one hundred and thirty thousand dollars of equity
• 27:50
  Speaker 4: in that property, which brings you up to like eight
• 27:53
  Speaker 4: hundred and thirty thousand dollars equity at thirty Yeah, okay, queen,
• 27:57
  Speaker 4: no worries anything else. You'd like to tell me of debt?
• 28:00
  Speaker 3: And I have about seven k in hextet.
• 28:04
  Speaker 4: Oh that's okay. That's a different type of debt. I
• 28:07
  Speaker 4: think what's your plan around hex? Are you paying it
• 28:10
  Speaker 4: off aggressively? You're just letting it tick along, like, have
• 28:12
  Speaker 4: you thought about it?
• 28:13
  Speaker 3: I'm just letting it tick along. So I just feel
• 28:16
  Speaker 3: I would rather focus in. I know obviously indexation and everything,
• 28:21
  Speaker 3: but I would prefer to just leave it alone being
• 28:25
  Speaker 3: what it is. If it was anything over ten, I
• 28:27
  Speaker 3: probably would have. But I went through sort of chatting
• 28:31
  Speaker 3: to brokers.
• 28:32
  Speaker 2: And getting your ducks in a row.
• 28:34
  Speaker 3: They just kind of said, leave it.
• 28:36
  Speaker 4: Yeah, it's not impacting your buying capacity right now, yes,
• 28:39
  Speaker 4: which I think is a really good point.
• 28:41
  Speaker 2: Actually.
• 28:41
  Speaker 4: For those of you who are thinking of purchasing property
• 28:44
  Speaker 4: but are a bit worried about your hex debt, more
• 28:47
  Speaker 4: often than not, the best thing you can do is
• 28:48
  Speaker 4: talk to a mortgage broker about how your hex debt
• 28:51
  Speaker 4: impacts your buying capacity, because often if it's like maybe
• 28:55
  Speaker 4: a lower amount, they'll be like, don't worry about it,
• 28:57
  Speaker 4: like it's not going to impact it at all. But
• 28:59
  Speaker 4: the same could be true if it's much higher. Like
• 29:02
  Speaker 4: I remember doing the maths with our broker, Kate from
• 29:04
  Speaker 4: Zella Money, and obviously, let's be honest, I own the company.
• 29:08
  Speaker 2: I was going to like use a different broker.
• 29:09
  Speaker 4: You're joking, but I was talking to her about that
• 29:12
  Speaker 4: because I have a very high hex stet, Like my
• 29:14
  Speaker 4: hex stet is still sitting at about seventy five thousand dollars, right,
• 29:18
  Speaker 4: And so I'm in my head going, oh, maybe, like
• 29:20
  Speaker 4: if we paid that off, it would give us a
• 29:22
  Speaker 4: heap more borrowing capacity. And we did the maths, and
• 29:25
  Speaker 4: the difference between me paying off my seventy five thousand
• 29:28
  Speaker 4: dollars hex debt and you know, just leaving it I
• 29:31
  Speaker 4: think was like twenty five thousand dollars worth of capacity,
• 29:34
  Speaker 4: which was not worth it because if I had another
• 29:36
  Speaker 4: seventy five thousand dollars in cash, like I probably should
• 29:39
  Speaker 4: just put that towards the property and grow my equity sooner. Yes, anyway,
• 29:42
  Speaker 4: that was obviously my personal situation. It's different. But the
• 29:46
  Speaker 4: moral of this part of the story is just ask
• 29:48
  Speaker 4: a broker before making any massive financial decisions that you
• 29:51
  Speaker 4: call I think will help, because sometimes they do great,
• 29:54
  Speaker 4: sometimes they don't, and you might have been better off
• 29:57
  Speaker 4: to just hoard the cash and chuck it in your
• 29:58
  Speaker 4: offset account. So I think it's one of those things
• 30:00
  Speaker 4: that just talk to the professionals before making any big decisions. Definitely,
• 30:06
  Speaker 4: money Diarist, I've said it before, I must say it again.
• 30:09
  Speaker 4: Your nicknames money bags. Tell me what is your best
• 30:13
  Speaker 4: money habit?
• 30:14
  Speaker 3: Definitely that I am a really good saver.
• 30:16
  Speaker 2: I can see that.
• 30:19
  Speaker 3: Yeah, so it's just something that it comes naturally to me.
• 30:23
  Speaker 4: Do you have a structure like I feel like so
• 30:26
  Speaker 4: many people say I'm good at saving, But like that
• 30:28
  Speaker 4: could be because you have a really good budget and
• 30:30
  Speaker 4: cash flow plan and you allocate it all or you're
• 30:32
  Speaker 4: just like a little hoarder. Like, there's lots of different
• 30:35
  Speaker 4: ways to be a good saver. Tell me how your
• 30:37
  Speaker 4: way works.
• 30:38
  Speaker 3: So I have definitely used your budget and cashlow masterclass.
• 30:43
  Speaker 3: I've done that.
• 30:44
  Speaker 2: Oh she's in the money masterclass. I love this. Thank
• 30:48
  Speaker 2: you for being a positive advocate.
• 30:50
  Speaker 3: I think, yes, so, I guess in the early days
• 30:53
  Speaker 3: it was very much just physically seeing the number grow. Yeah,
• 30:57
  Speaker 3: whereas at least your masterclass has a life me to
• 31:00
  Speaker 3: break it down so I can really understand, you know,
• 31:05
  Speaker 3: what I'm spending, yeah, and yeah, what I'm saving and why.
• 31:09
  Speaker 3: I guess bringing out the why, like what's the next movement?
• 31:12
  Speaker 3: Not just saving for the sake of having money bags.
• 31:15
  Speaker 4: I mean, that's a cool nickname because obviously you've got
• 31:19
  Speaker 4: some casholder behind you. That's what I was trying to
• 31:21
  Speaker 4: get out of the Money masterclass is like setting it
• 31:24
  Speaker 4: up so it takes it to the next level. So
• 31:25
  Speaker 4: you've got your budget, and that's great, and so many
• 31:27
  Speaker 4: of us just write out our budgets, but like could
• 31:29
  Speaker 4: go nowhere with it. So I think the fact that
• 31:31
  Speaker 4: it writes out your budget tells you your surplus. You've
• 31:33
  Speaker 4: got to allocate all of these things. It asks about
• 31:35
  Speaker 4: your goals and values, and then it spits out a
• 31:38
  Speaker 4: plan to be like, Okay, well, if you have this
• 31:40
  Speaker 4: budget and these goals, and these are your savings allocations
• 31:43
  Speaker 4: and what you're looking to achieve, these are the amounts
• 31:45
  Speaker 4: of money that you need to put in each and
• 31:47
  Speaker 4: every single bank account to make this work. And here's
• 31:50
  Speaker 4: the structure. And to me, that's the only way I
• 31:52
  Speaker 4: can be successful. Like I need the structure.
• 31:55
  Speaker 3: Yeah, it's good for my husband as well. He needs
• 31:58
  Speaker 3: to see it. He just goes, you know, here's my wage,
• 32:01
  Speaker 3: and you deal with it. But I'm very much of no,
• 32:04
  Speaker 3: you need to understand this too.
• 32:05
  Speaker 4: Yeah, it's nice to see the breakups as well because
• 32:08
  Speaker 4: I use that system obviously for my own budget and
• 32:11
  Speaker 4: cash flow. That's why I shared it with everybody else.
• 32:14
  Speaker 4: But sometimes I look at it and go, oh, I
• 32:16
  Speaker 4: didn't realize that cost me.
• 32:17
  Speaker 2: That is that actually worth it?
• 32:19
  Speaker 4: And like my husband and I will sit down and go, oh, yes, no,
• 32:22
  Speaker 4: maybe like oh, we've got this you know, big money
• 32:24
  Speaker 4: goal of like just even like frivolous things where it's
• 32:27
  Speaker 4: like a couple of thousand dollars and we really really
• 32:29
  Speaker 4: want it. It's nice to be able to build it
• 32:31
  Speaker 4: in and not feel like it takes a lot from
• 32:34
  Speaker 4: I guess our bigger goals. It makes me go, oh, well, actually,
• 32:37
  Speaker 4: even though we're planning on, you know, having a baby,
• 32:39
  Speaker 4: we've got a baby fund like that doesn't actually compromise
• 32:43
  Speaker 4: it that much over this period of time. Yes we
• 32:45
  Speaker 4: can have it. Or there's a goal that does compromise it,
• 32:48
  Speaker 4: and we go, actually, we thought we wanted to do that.
• 32:50
  Speaker 4: I've just done the numbers. Absolutely not, We're not doing that.
• 32:52
  Speaker 4: That's so silly.
• 32:53
  Speaker 2: I don't know. I just feel more in control. Yeah,
• 32:55
  Speaker 2: definitely adore it.
• 32:57
  Speaker 4: If anyone's listening and they want to join the money
• 32:58
  Speaker 4: master Class, I'll give your little fifty bucks off, which
• 33:01
  Speaker 4: is obviously a bit of a money in use the
• 33:03
  Speaker 4: code pod fifty so pod of fifty. Back to the show, though,
• 33:07
  Speaker 4: money direst I want to bring this down a bit.
• 33:09
  Speaker 4: What are money bags? Is worse habits?
• 33:11
  Speaker 3: Uber eats?
• 33:12
  Speaker 2: Oh same, but we're.
• 33:14
  Speaker 4: Keeping the Uber Eats economy afloats, so we're basically a charity.
• 33:17
  Speaker 3: That was my argument through lockdown and then yeah, it's
• 33:23
  Speaker 3: definitely like when you do sort of the money apps
• 33:27
  Speaker 3: that break down like what you've spent in each section.
• 33:31
  Speaker 3: I avoid looking at the takeout section. Yeah, fair, because
• 33:36
  Speaker 3: it's never a nice thing to look at.
• 33:38
  Speaker 4: But why Uber eats? Is it just convenient? Is your
• 33:41
  Speaker 4: favorite food on there?
• 33:42
  Speaker 2: Is it? You know you don't like cooking? Like, tell
• 33:45
  Speaker 2: me a bit more about it.
• 33:46
  Speaker 3: Yeah, Look, it's probably the convenience of it. I work
• 33:50
  Speaker 3: about an hour and ten minutes from home, so sometimes
• 33:54
  Speaker 3: I can be in meetings and things till you know,
• 33:58
  Speaker 3: six o'clock at night, and then by the time I
• 34:00
  Speaker 3: walk in the door, it's got a past seven, and
• 34:02
  Speaker 3: I'm like, the last thing I feel like doing is cooking.
• 34:04
  Speaker 3: You're making it in.
• 34:05
  Speaker 4: The kitchen, yeah, because then you've got to clean it up,
• 34:08
  Speaker 4: and arguably you've been cleaning up after tiny people all day.
• 34:11
  Speaker 4: I'm just here being you're like, fang girl, I'll just
• 34:14
  Speaker 4: like let you have that bad money have it for now.
• 34:17
  Speaker 2: I mean we.
• 34:17
  Speaker 4: Probably could pull back on it, but it's okay. I
• 34:20
  Speaker 4: totally get it, all right, money darrest. At the start
• 34:24
  Speaker 4: of this episode, you said, v I think my money
• 34:27
  Speaker 4: grade would be a Bee, and I thought, all right, well,
• 34:31
  Speaker 4: I mean her name's money Bags, so I don't know
• 34:34
  Speaker 4: if I believe her straight off the bat. Then you
• 34:36
  Speaker 4: went on to tell me how you're basically killing it.
• 34:38
  Speaker 4: You've got an eighty grand salary and a car, but
• 34:42
  Speaker 4: through all of that, you've managed to create twenty five
• 34:44
  Speaker 4: thousand dollars in shares. You own two properties, one of
• 34:47
  Speaker 4: them's in investment property. You've got a heap of equity.
• 34:50
  Speaker 4: At thirty, you.
• 34:51
  Speaker 2: Have one hundred grand in super because you told me
• 34:53
  Speaker 2: that since the age of nineteen, you've been sacrificing fifteen percent,
• 34:57
  Speaker 2: Like what type of nineteen year old does that?
• 34:59
  Speaker 4: But then also what type of thirty year old does
• 35:01
  Speaker 4: all of this? And then says, oh, I'm still a bee?
• 35:04
  Speaker 4: So tell me, do you think that the B is
• 35:06
  Speaker 4: still accurate? If so, why if not, what's your new grade?
• 35:11
  Speaker 3: I guess when you put it down it probably doesn't
• 35:14
  Speaker 3: sound like it. I'd probably say I'm an a. But
• 35:19
  Speaker 3: there's always a room for improvement. So I'm very much
• 35:23
  Speaker 3: under the belief that you know, there's always something else
• 35:26
  Speaker 3: to do or another way to improve and get better
• 35:30
  Speaker 3: at something. So I don't believe that you can just
• 35:34
  Speaker 3: be a float out a plus and that that's the
• 35:36
  Speaker 3: end of the road. So definitely still room for improvement, adore.
• 35:40
  Speaker 2: I love that, and I'm glad you upgraded yourself, because
• 35:43
  Speaker 2: if you weren't going to upgrade yourself, I'd be like,
• 35:46
  Speaker 2: I'm stripping you of your nickname. Nobody's allowed to call
• 35:49
  Speaker 2: you money bags unless you call yourself an a. Can't
• 35:52
  Speaker 2: take advice from people who don't have conviction in themselves.
• 35:55
  Speaker 2: I don't think, yeah.
• 35:56
  Speaker 4: All right, money dost. It has been beautiful getting to
• 35:59
  Speaker 4: know you. Thank you, Thank you so much for hanging
• 36:01
  Speaker 4: out with me, spending some time talking about your money story,
• 36:03
  Speaker 4: but also having just a really good chat about childcare,
• 36:06
  Speaker 4: having a good chat about how much baby's cost, but
• 36:08
  Speaker 4: then also how you've managed to get to eight hundred
• 36:11
  Speaker 4: and thirty thousand dollars in equity in your properties.
• 36:15
  Speaker 2: Before the age of thirty. Like to me, that's wild.
• 36:17
  Speaker 4: So congratulations, but also thank you so much for sharing
• 36:20
  Speaker 4: this story. I know our community is going to love it,
• 36:22
  Speaker 4: and I just think these stories and money diaries are
• 36:25
  Speaker 4: so special and I'm just always so grateful for people.
• 36:28
  Speaker 2: Who are willing to share.
• 36:30
  Speaker 3: Thanks for having me.
• 36:37
  Speaker 6: The advice shared on She's on the Money is general
• 36:40
  Speaker 6: in nature and does not consider your individual circumstances. She's
• 36:44
  Speaker 6: on the Money exists purely for educational purposes and should
• 36:47
  Speaker 6: not be relied upon to make an investment or financial decision.
• 36:51
  Speaker 6: If you do choose to buy a financial product, read
• 36:53
  Speaker 6: the PDS TMD and obtain appropriate financial advice tailored towards
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  Speaker 6: your needs. Victoria Divine and She's on the Money are
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• 37:10
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