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MONEY DIARIES: Divorced With No Finance Skills · She's On The Money

0:00
Speaker 1: She's on the Money. She's on the Money.
0:17
Speaker 2: Hello, and welcome to She's on the Money. The podcast
0:19
Speaker 2: and Millennials who Want Financial Freedom Today is a money
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Speaker 2: diary episode, and I think this is quite.
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Speaker 3: An interesting one, Vie. Do you want to read that email?
0:26
Speaker 1: I do so. This is from someone who's called themselves
0:30
Speaker 1: divorced with no financial skills, and she says, I've just
0:33
Speaker 1: recently divorced after seven years of marriage and fourteen years
0:37
Speaker 1: in the relationship. I'm a personal assistant in a law
0:40
Speaker 1: firm with no university qualifications. I had never managed finances
0:44
Speaker 1: on my own in my adult life, and the prospect
0:46
Speaker 1: of doing this alone was incredibly daunting. I had to
0:50
Speaker 1: move out of the property we shared and into a
0:52
Speaker 1: sharehouse for a couple of months to get some money together.
0:55
Speaker 1: Then I moved into a rental property a couple of
0:57
Speaker 1: months after that. I had to take on debt from
0:59
Speaker 1: our car loan, and I also had to buy everything
1:02
Speaker 1: for my new apartment or my credit card. Eighteen months
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Speaker 1: down the track, we sold a property that we owned
1:08
Speaker 1: and split it fifty to fifty. It wasn't loads of money,
1:10
Speaker 1: but I did pay off my car loan, my credit card,
1:13
Speaker 1: and I was able to start an emergency fund. I'm
1:15
Speaker 1: currently in the process of talking to a financial advisor
1:18
Speaker 1: about investing some of the remaining money because I don't
1:21
Speaker 1: want to buy a property at this point. It's been
1:23
Speaker 1: scary learning how to manage and budget on my own.
1:26
Speaker 1: Never did I think I'd be able to afford to
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Speaker 1: rent a beautiful apartment completely on my own, have some
1:31
Speaker 1: savings and be thinking about investings and money as I
1:34
Speaker 1: was under the impression that I was rubbish with money
1:36
Speaker 1: this whole time.
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Speaker 3: What do you think of that story?
1:39
Speaker 1: V I think it's so common. I genuinely think that
1:42
Speaker 1: there are going to be people listening to this that
1:45
Speaker 1: are like, ah, change the years in the relationship, and
1:47
Speaker 1: that is my story.
1:48
Speaker 3: Yep, unbelievable.
1:49
Speaker 2: Now, Hello money Dires, thanks for joining us today.
1:53
Speaker 4: A new problem, Hello Visa.
1:55
Speaker 2: Fair to say that already we're like quite proud of
1:58
Speaker 2: someone who's just you.
1:59
Speaker 3: Know a lot.
2:01
Speaker 1: What a legend. You've gone from not knowing at all
2:04
Speaker 1: to being in a situation where you're talking to a
2:06
Speaker 1: financial advisor about investing what I know? Who is she?
2:13
Speaker 1: Are you proud of this journey that you've been on?
2:16
Speaker 4: Yeah, yeah, immensely prode. It's been it's been scary, like
2:21
Speaker 4: it's been scary, and obviously it's been like traumatics. Probably
2:25
Speaker 4: the yeah, yeah, probably actually is, especially like you know,
2:31
Speaker 4: no family over here and all the rest of it.
2:33
Speaker 4: But it's yeah, I'm very very proud of where I
2:36
Speaker 4: am at the moment. It's been a couple of years,
2:39
Speaker 4: but I've done it.
2:40
Speaker 1: Oh my gosh. I love that and I can't wait
2:42
Speaker 1: to have a chat with you. But in very traditional
2:45
Speaker 1: she's on the money money diary sense, let's jump straight
2:48
Speaker 1: into the questions and I'll save all my pervio questions
2:51
Speaker 1: for the end. Is that all right?
2:53
Speaker 4: Yeah?
2:53
Speaker 1: No, broad perfection. So let's start off with what is
2:56
Speaker 1: your current attitude towards money and how has it changed.
2:59
Speaker 4: I'm much more I'm much more careful with it. A
3:03
Speaker 4: few years back back, when you know, still married, I
3:05
Speaker 4: was very sort of I like I said in the email,
3:08
Speaker 4: I was always under the impression that I wasn't very
3:12
Speaker 4: good with it, and I don't think that was actually
3:14
Speaker 4: the case. I guess I just didn't have the opportunity
3:16
Speaker 4: to have some independence with it. I'm careful with it,
3:22
Speaker 4: but I'm also not scared of it. Anymore either. I
3:25
Speaker 4: was money was always a massive worry, and I'm not
3:29
Speaker 4: so scared of it.
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Speaker 1: I love you said you're not scared of it anymore,
3:32
Speaker 1: because yes, it's so common. Regardless of whether you're in
3:35
Speaker 1: debt or not in debt, or you know, in a
3:38
Speaker 1: situation where you have a good income or not, there
3:41
Speaker 1: are a lot of people who are genuinely worried about money.
3:44
Speaker 4: Yes, yeah, yeah, definitely.
3:45
Speaker 1: It's not good and that's what we're working towards. But
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Speaker 1: I'm so glad that you were out of it.
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Speaker 3: All right.
3:50
Speaker 1: So what do you do for work? And how much
3:52
Speaker 1: do you currently earn?
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Speaker 4: Okay, so I'm a PA in a law firm and
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Speaker 4: I'm currently on seventy five exclusive a super.
4:01
Speaker 1: And that's pretty good. That's not bad. Hold on, that's
4:04
Speaker 1: not bad for someone who said that you had no
4:06
Speaker 1: unique qualifications. Yeah, killing it.
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Speaker 4: Yeah, no, I'm pretty pleased with it. You know, it's
4:12
Speaker 4: definitely like paper bills.
4:14
Speaker 1: Is it too pervy to ask how old you are?
4:16
Speaker 4: I'm thirty four.
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Speaker 1: Oh that's good. Yeah, that is very good.
4:20
Speaker 2: We have a money narist in a few weeks who
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Speaker 2: I think their name is going to be the only
4:25
Speaker 2: one in the boardroom without a university degree or who's
4:28
Speaker 2: finished high school.
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Speaker 4: Oh, that's amazing, killing it, killing it, yeah, because sorry
4:36
Speaker 4: to sidetrackers, there's often a lot of chatter.
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Speaker 2: I don't have a degree, so it's going to limit
4:39
Speaker 2: my options. But I mean not always.
4:42
Speaker 1: Okay, yes, isn't it?
4:44
Speaker 4: Yeah? Yeah, exactly exactly. Sometimes get out there and get
4:47
Speaker 4: the experience, you know, that's always it's the best sometimes
4:50
Speaker 4: the better way.
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Speaker 1: Definitely. All right, So how do you feel about investing
4:54
Speaker 1: and do you currently invest?
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Speaker 4: Okay, so I'm currently I've got this faceship and the
5:02
Speaker 4: raise apps and basically just through listening to you guys,
5:07
Speaker 4: so I was just sort of gabbling just to see
5:08
Speaker 4: how I felt, you know, get essentially, just get your
5:12
Speaker 4: confidence up with it, see how it works. I mean,
5:14
Speaker 4: I still don't. I don't massively, you know, I don't
5:17
Speaker 4: have a massive understanding of it. But I find it
5:20
Speaker 4: quite interesting watching it go up and down. And as
5:24
Speaker 4: I said in the email, I'm currently talking to a
5:27
Speaker 4: financial advisor about investing the rest of the money. I
5:32
Speaker 4: feel pretty like it's a bit daunting. It's a bit
5:35
Speaker 4: scary to to not be keeping it in savings, but
5:39
Speaker 4: also it's exciting. It's exciting to be thinking about doing
5:43
Speaker 4: something like that.
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Speaker 1: So one percent, I'm really excited for you.
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Speaker 4: Yeah. Yeah, Now I'm like I said, it's a it's
5:50
Speaker 4: a bit daunted because you know, I think most people,
5:53
Speaker 4: you know, you, just don't ever think that you would
5:55
Speaker 4: have a I don't know, share portfolio. It's just sounds
5:58
Speaker 4: really odd to say that, but it's it's awesome.
6:00
Speaker 1: Yeah, it is awesome, and there'll be more people because
6:03
Speaker 1: of that. She's on the Money podcast investing, and I'm
6:07
Speaker 1: genuinely so proud of that, Like it makes me so
6:10
Speaker 1: great that people should be.
6:13
Speaker 4: Yeah, yeah, you should be, because honestly, I wouldn't have
6:15
Speaker 4: been if it wasn't for the podcast. There's no way
6:19
Speaker 4: I would have thought about investing.
6:20
Speaker 1: Oh my gosh.
6:21
Speaker 4: Yes yeah.
6:24
Speaker 1: Back to questions, back to questions, what the debt? Do
6:27
Speaker 1: you currently have zero? Zero debt? Well completely after all.
6:33
Speaker 4: Of that, yes, yeah, yeah, I was in a fair
6:35
Speaker 4: bit of debt, so.
6:36
Speaker 1: Yeah, a queen, I love it.
6:38
Speaker 2: Just a quick Well, what was the moment like when
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Speaker 2: you said, yeah, you know, you split the property proceeds
6:44
Speaker 2: fifty to fifty and that moment where you just went bang,
6:48
Speaker 2: credit card gone, how did it feel?
6:50
Speaker 4: Relief? Complete relief, like not that panic about living, because
6:55
Speaker 4: I mean and most people do, and you know, it's
6:58
Speaker 4: still a learning process, but not live paycheck to paycheck
7:01
Speaker 4: desperately trying to scrabble together money to pay off you know,
7:05
Speaker 4: a loan, a credit card, well to credit cards actually,
7:08
Speaker 4: and then you know, pay bills, make sure you're also living.
7:12
Speaker 4: So relief, complete and utter relief.
7:15
Speaker 1: So did you celebrate in any way?
7:17
Speaker 4: Yes? Yeah, yeah, yeah, went out for a meal with
7:19
Speaker 4: friends and my current partner. So yeah, I love that.
7:22
Speaker 1: I love that everybody is celebrating with you too. Yeah yeah,
7:27
Speaker 1: all right. Next question is what is your best money habit.
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Speaker 4: I guess my best money money habit would be budgeting.
7:34
Speaker 4: I'm pretty good now. I wasn't before, but it's budgeting.
7:38
Speaker 4: I've got like a little spreadsheet that I have like
7:41
Speaker 4: a couple of months ahead, if you know, I do
7:44
Speaker 4: a couple of months ahead. I have the bills that
7:46
Speaker 4: I'm expecting to come out, and you know, your your
7:50
Speaker 4: the usual expenses and just making sure that I thought,
7:53
Speaker 4: I try and follow that as best I can do.
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Speaker 2: You have the She's on the Money cash Flow and
7:58
Speaker 2: Budgeting Masterclass, No, I don't and I should shouldn't. I, Well,
8:02
Speaker 2: we'll send you Victoria and I will send you one
8:04
Speaker 2: for free.
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Speaker 4: Okay after this, Okay, cool, thank you.
8:08
Speaker 3: You're welcome. It's really great.
8:09
Speaker 2: It'll set yourself up and it sounds like the spreadsheets
8:11
Speaker 2: are doing a pretty good job. But I think you'll
8:13
Speaker 2: be as nerdy as thrilled to say how easy it is.
8:17
Speaker 4: Yeah, yeah, every little help.
8:19
Speaker 1: That's awesome than the spreadsheet I've created. Very proud of me.
8:24
Speaker 1: Spread Moving on in comparison to that, what is your
8:29
Speaker 1: worst money?
8:30
Speaker 2: Have it?
8:31
Speaker 4: Buying things that I don't need? I'm an impulse buyer.
8:37
Speaker 1: It gets the best of us.
8:38
Speaker 4: Yeah, you know, sort of like, oh, well I'll treat yourself.
8:41
Speaker 4: I deserve it. You know you've been really good this month,
8:43
Speaker 4: or oh, I don't know, you've had a bit as
8:45
Speaker 4: a crap day or something like that. So yeah, that's
8:48
Speaker 4: that's my worst.
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Speaker 1: Definitely, that's fair enough. I think, very relatable to Yeah,
8:52
Speaker 1: what kind of things I know for me?
8:55
Speaker 4: New cars or is it nac Yeah, no, it would
9:00
Speaker 4: usually I'm a fan of ku Kai, so yeah, rolling
9:04
Speaker 4: past there and having a little look at the jewelry
9:06
Speaker 4: or any top ku Kai and I'm a nightmare for avoid.
9:12
Speaker 2: All right, when you said cook, what's the name of
9:17
Speaker 2: a stationary store?
9:18
Speaker 3: Kik?
9:19
Speaker 2: Yes, okay, So when you said cook, I imagine and
9:23
Speaker 2: I was like, okay, Like everyone's got their things.
9:28
Speaker 3: Like to go back like multiple times a week, like
9:30
Speaker 3: just picked up.
9:30
Speaker 1: That's me. There is a kigik store in is it imporium?
9:35
Speaker 1: Hearing that and he's right beside the food court, and
9:38
Speaker 1: I always go back with like new stationary. I don't need.
9:42
Speaker 4: The diaries. I love a paper diary.
9:46
Speaker 1: Yes, And everything's so aesthetic and you're like, yeah, life together,
9:50
Speaker 1: and then you don't. You just don't alright away from
9:56
Speaker 1: cook and Kik? What is your b A good money
9:59
Speaker 1: goal the moment.
10:01
Speaker 4: Is to invest. I definitely definitely want to invest, and
10:06
Speaker 4: for in fifteen so years, just see where we're at
10:10
Speaker 4: with that. I want to be I want what's the
10:14
Speaker 4: word financially not? I just I just want to be
10:19
Speaker 4: in the best place possible in fifteen twenty years financially
10:23
Speaker 4: so that I can I'm not I'm not continuously worrying
10:28
Speaker 4: about money. I don't want to be in debt.
10:30
Speaker 1: She wants to be financially free.
10:32
Speaker 3: I was going to say financial freedom she wants.
10:34
Speaker 4: Yeah, I'm the word I'm looking for. Yeah, I want
10:37
Speaker 4: financial freedom, That's what I want.
10:38
Speaker 1: I love it. I love it. And I think a
10:40
Speaker 1: lot of people think that financial freedom is having, you know,
10:43
Speaker 1: hopes and hopes of money and you never have to
10:46
Speaker 1: work another day in your life, and that is definitely
10:48
Speaker 1: one of the outcomes, but also two in fifteen twenty years,
10:51
Speaker 1: just feel so financially secure that you know, you know,
10:54
Speaker 1: just keep working, but everything's going to be all right.
10:56
Speaker 1: And if you know something, yeah, a fan, it'll be
10:59
Speaker 1: all right because I got exactly.
11:00
Speaker 4: Yeah, it's exactly that. Just to be comfortable to know
11:03
Speaker 4: that if something went wrong, I've got enough money to
11:06
Speaker 4: see me, to see me by you know, I'm under
11:10
Speaker 4: the illusions. I know I'm not going to be able
11:12
Speaker 4: to stop working.
11:13
Speaker 1: That's not that's all right.
11:15
Speaker 4: Yeah, but that's and that's fine, that's absolutely fine. But
11:17
Speaker 4: just financial freedom, just to not have to worry.
11:21
Speaker 1: Yeah, I like that.
11:22
Speaker 2: Well for me, I when I hear financial freedom, I
11:25
Speaker 2: think free of stress, free of worry, free of not
11:28
Speaker 2: being out of sleep.
11:29
Speaker 1: Yeah, and that's kind of what it means to me
11:31
Speaker 1: as well. A lot of people think it's like that
11:33
Speaker 1: stage of retirement where you have one hundred percent investment
11:36
Speaker 1: portfolio that provides your full income. I get that, but
11:38
Speaker 1: I just want to be able to sleep well at night.
11:40
Speaker 1: And if I woke up tomorrow and for some reason,
11:43
Speaker 1: I had no income coming in, I'd be all right
11:45
Speaker 1: to find another job.
11:47
Speaker 4: Yeah, exactly like you wouldn't need you wouldn't need to
11:49
Speaker 4: rely on your credit card to get.
11:51
Speaker 1: You from absolutely all right. To wrap the questions, what
11:55
Speaker 1: grade would you give your money habits? If I forced
11:57
Speaker 1: you to give yourself a grade?
11:59
Speaker 4: I was thinking about this earlier. I'd probably go, I
12:02
Speaker 4: don't be minus.
12:04
Speaker 1: A B minus.
12:05
Speaker 4: Yeah, it's a bit.
12:08
Speaker 1: It's a big clash on yourself given what you've gone through.
12:12
Speaker 4: Yeah, I know, I know. But there's moys room for improvement,
12:15
Speaker 4: isn't it.
12:16
Speaker 1: There has been maybe like A minus.
12:21
Speaker 4: Maybe a B. Then I'll go a B plus. There
12:23
Speaker 4: we go, I'll go a B plus.
12:24
Speaker 1: I'm mom, I'm glad.
12:25
Speaker 3: We're so knowing what you know? Now? How would you
12:31
Speaker 3: grade yourself three years ago? Financially?
12:36
Speaker 4: An eye check that out.
12:43
Speaker 1: If I was a parent and you brought home an
12:44
Speaker 1: A report card and then my three years later, you're
12:47
Speaker 1: a B plus. I'd be pretty happy with you, that is.
12:51
Speaker 4: Yeah. I'm yeah, I'm pretty, I'm pretty tough. It's been
12:54
Speaker 4: a massive learning curve, but it's been awesome.
12:56
Speaker 1: I love that. All Right, Well, I've got so many
12:58
Speaker 1: questions for you, and get right to them in a
13:01
Speaker 1: hot minute.
13:09
Speaker 2: All right, we're talking to divorced with no finance skills.
13:12
Speaker 2: Although I feel like that's.
13:14
Speaker 1: That's a lie, that's a lie and lie. I feel
13:16
Speaker 1: like it should have said I was once married with
13:19
Speaker 1: no finance skills, that's.
13:20
Speaker 3: The updated and now divorced and killing it.
13:23
Speaker 1: Yeah, exactly, I love this. I have a question, right,
13:27
Speaker 1: so everybody enters a marriage with the intention of forever, Right, Like,
13:31
Speaker 1: did you ever financially structure yourself or think about it
13:35
Speaker 1: when going into your first marriage that maybe it wouldn't
13:38
Speaker 1: be a long lasting relationship.
13:41
Speaker 4: Not at all, No, not at all. We were we
13:43
Speaker 4: were young when we got together. You know, we did
13:46
Speaker 4: the usual. You save a little bit, you spend it,
13:49
Speaker 4: you save a little bit, spend it. But no, there
13:51
Speaker 4: was no way that we were thinking that far ahead
13:55
Speaker 4: at all.
13:56
Speaker 2: When did you realize that you had a big sort
14:00
Speaker 2: of shortcomings in what you've been taught. Like, was there
14:03
Speaker 2: one specific moment where you went, oh my god, I
14:06
Speaker 2: actually don't know the money stuff someone else did that.
14:09
Speaker 3: Was there a specific moment where that all kind of
14:11
Speaker 3: hit you and you realized it.
14:13
Speaker 4: Yeah, when right at the end when I was moving out, Yeah,
14:18
Speaker 4: that was the scariest part. You're just there in this
14:22
Speaker 4: space and you're just like, I only have myself now
14:27
Speaker 4: to pay for everything, and I don't know if I
14:30
Speaker 4: can do this. It's a honest answer.
14:32
Speaker 1: And is that that feels terrifying and really over Oh it?
14:37
Speaker 4: Yeah, it was massively, Like it's the scariest, scariest feeling.
14:41
Speaker 4: And like I said, like my family are obviously overseas
14:44
Speaker 4: so and I've got good friends obviously, But yeah, that's
14:48
Speaker 4: that feeling where you just stood there and you're just like,
14:51
Speaker 4: holy crap, like this is this is me, I'm on
14:54
Speaker 4: my own.
14:54
Speaker 2: Yeah.
14:55
Speaker 1: And what did you do to start getting on the
14:57
Speaker 1: road to understanding finances a little bit better? What was
15:00
Speaker 1: your first step?
15:01
Speaker 4: I just started googling and just doing a bit of
15:04
Speaker 4: research and trying to just just putting money aside, not lots,
15:09
Speaker 4: I couldn't put lots away, but just just trying to
15:12
Speaker 4: put some money aside, and then I just think, honestly, like,
15:16
Speaker 4: then I came across your like this podcast, and I
15:21
Speaker 4: just started listening to it in just thinking, okay, so
15:24
Speaker 4: because I think most people would be under the impression
15:28
Speaker 4: that you you save and you buy a house, and
15:31
Speaker 4: I thought that was the only option, and being singled
15:34
Speaker 4: as well, that almost wasn't an option. So I was
15:38
Speaker 4: just assuming that I would just have to save and
15:40
Speaker 4: put money into into a savings account and leave it there,
15:43
Speaker 4: and you can afford to buy when you can afford
15:45
Speaker 4: to buy. But I think, yeah, just just doing a
15:49
Speaker 4: little bit of research on the internet, listening to your podcast, honestly,
15:52
Speaker 4: and I bought, you know, a couple of the usual books,
15:55
Speaker 4: the box, standard books, every yeah.
15:59
Speaker 1: Yeah, so that's that everybody goes on.
16:03
Speaker 4: Yeah, yeah, And like it was interesting, it's good, you know,
16:06
Speaker 4: I don't want to buy anything. I'm not sure if.
16:13
Speaker 1: Here in my book's out on the sixteenth of June,
16:16
Speaker 1: if anybody.
16:19
Speaker 4: I want to get.
16:21
Speaker 2: Now that you've you know, you've done some research and
16:24
Speaker 2: read books, you'll listen to podcasts. It kind of seemed
16:27
Speaker 2: like you decided that you weren't good with money and
16:30
Speaker 2: it's not that you weren't good with money, it's just
16:31
Speaker 2: that no one had ever really taught you. So now
16:33
Speaker 2: that you have sort of taught yourself, is there such
16:36
Speaker 2: thing as I'm not that type of person that's good
16:38
Speaker 2: with money or is it more just I haven't learned
16:40
Speaker 2: it yet.
16:41
Speaker 4: No, I think it's is learning. I just have. You know,
16:45
Speaker 4: it's one of those things you're not obviously you're not
16:47
Speaker 4: taught it in school. Your parents do the best that
16:50
Speaker 4: they can do, but you know they're not really you know,
16:53
Speaker 4: they tell you to say, even that's that, but actually,
16:57
Speaker 4: like budgeting and all the rest of it, like you Yeah,
17:02
Speaker 4: I think I think everyone can do it. I really do.
17:05
Speaker 4: It's just it takes time, and it takes it takes effort, right,
17:09
Speaker 4: Like you can't just do it in two minutes and
17:12
Speaker 4: you've got your budget for the rest of the month,
17:14
Speaker 4: like you actually do have to and sometimes you have
17:16
Speaker 4: to be strict with yourself.
17:17
Speaker 2: I mean, this might be a really weird thing to
17:20
Speaker 2: add in, but I've read lots of books on like
17:22
Speaker 2: creativity and stuff like that, and I find that the same.
17:25
Speaker 2: So many people go, oh, no, no, I'm not a
17:27
Speaker 2: creative type. And I say, well, no, like it's it's
17:30
Speaker 2: like going to the gym. You just start exercising, you
17:32
Speaker 2: start practicing, and you get stronger and better at it.
17:34
Speaker 2: And I think finance skills are the same. So when
17:36
Speaker 2: when I hear people go, oh, I'm just I'm not
17:38
Speaker 2: good with money, well maybe yeah you're not now, but
17:42
Speaker 2: that doesn't mean.
17:43
Speaker 3: You have to be fair.
17:44
Speaker 4: Oh yeah exactly. You literally, you know, you can change
17:46
Speaker 4: that in an instant, you can. I mean the biggest
17:50
Speaker 4: thing that I did was sit down, write what was
17:53
Speaker 4: coming in and what was going out, and then I
17:56
Speaker 4: you know, and that was a big eye opener. You know,
17:59
Speaker 4: you start relation that you probably spending and I was
18:03
Speaker 4: a certain point of spending more than I was actually
18:06
Speaker 4: bringing in, which is why you know your credit cards.
18:09
Speaker 3: I had to get wealthy.
18:11
Speaker 2: When that's the situation you have many people got rich
18:14
Speaker 2: that you know, who spend more than they make.
18:15
Speaker 1: Absolutely, man, I'm sorry burst that bubble. I think it's
18:19
Speaker 1: actually just talking about that for a second. It's a
18:22
Speaker 1: bit about mindset as well, because so many people will
18:25
Speaker 1: say stuff like oh, I'm not good at instead of
18:27
Speaker 1: replacing that with well what am I missing here? And
18:30
Speaker 1: just getting all the education that they need because we
18:34
Speaker 1: are smart people. And I've said this to Ryan so
18:36
Speaker 1: many times. We're smart people. We just haven't been given
18:39
Speaker 1: those tools yet. We have to search them out ourselves,
18:42
Speaker 1: and when we have them. I think it's interesting to
18:45
Speaker 1: know how easy it can be and how not overwhelming
18:48
Speaker 1: it is. And is that something that you just wish
18:52
Speaker 1: you knew what you know today when you were in
18:54
Speaker 1: that moment of moving out and going through that knowing, Hey,
18:59
Speaker 1: even if someone had said, hey, it's actually not as
19:01
Speaker 1: hard as you think it's going to be.
19:03
Speaker 4: With that shadow of doubt, Like I said, I always
19:05
Speaker 4: thought I was rubbish with money. I was kind of
19:07
Speaker 4: told that I was rubbish with money, so you start
19:10
Speaker 4: believing that that's the case. I almost wish but I
19:14
Speaker 4: could go you know the me now, could go back
19:17
Speaker 4: to the me two years ago and just say, do
19:20
Speaker 4: you know what, Honestly, everything will be okay. You are
19:23
Speaker 4: completely capable. You absolutely have got this. Please don't be scared.
19:27
Speaker 1: There are a lot of people listening to this podcast
19:29
Speaker 1: that needed to hear exactly what you just said, is
19:31
Speaker 1: not as hard. You've got your own back, You'll be okay.
19:34
Speaker 1: And I think, yeah, not enough times do you hear
19:38
Speaker 1: that when you're in a really dark place or going
19:40
Speaker 1: through a situation that feels overwhelming, you just think that
19:43
Speaker 1: everything is going to be as hard as that moment
19:45
Speaker 1: is in that time.
19:47
Speaker 4: Yeah, yeah, and it's absolutely And don't get me wrong,
19:50
Speaker 4: it is hard. It is. But like you, if I
19:53
Speaker 4: could say anything to anyone out there who's going through
19:55
Speaker 4: the same thing, it sounds like such a cliche, but
19:59
Speaker 4: it does does get better at will one hundred percent.
20:02
Speaker 4: You just be proactive, be patient, be kind to yourself,
20:06
Speaker 4: you know, don't bereate yourself, don't punish yourself. You will
20:09
Speaker 4: get there.
20:10
Speaker 1: I want you to follow me around.
20:11
Speaker 3: Yeah.
20:11
Speaker 2: I was gonna say I have more final questions, but
20:14
Speaker 2: more of a question for U v our money. Dire
20:17
Speaker 2: said they've started with Rais and Spaceship doesn't fully understand it,
20:23
Speaker 2: but is interested in seeing it go up and down.
20:25
Speaker 2: I would always say the best way to learn something
20:28
Speaker 2: is to put a couple of spare dollars in there,
20:29
Speaker 2: and the best place to start is watching it going
20:32
Speaker 2: up and down and trying to get a vibe. Do
20:35
Speaker 2: you have to wait to be an expert to invest
20:37
Speaker 2: or do you become an expert by doing the thing.
20:40
Speaker 1: You become an expert by doing the thing. And you
20:42
Speaker 1: know what, I was thinking about this the other day.
20:44
Speaker 1: Do you know how many people I talk to about
20:46
Speaker 1: their jobs every week and they'll say, Oh, my gosh,
20:49
Speaker 1: I went to UNI, I learned all of this stuff.
20:52
Speaker 1: But you know what, in the first year of me
20:54
Speaker 1: working my actual job, that's when I learned everything I needed.
20:57
Speaker 1: And so so many people will go to Universe City
21:00
Speaker 1: and they'll learn every single theory they need to know.
21:03
Speaker 1: And I would akin that to investing. You can go
21:06
Speaker 1: learn absolutely everything when it comes to theory and what
21:09
Speaker 1: the market looks like and how shares and dividends are
21:12
Speaker 1: paid out and what all of that looks like, and
21:14
Speaker 1: you still feel overwhelmed because you haven't done your grad
21:16
Speaker 1: job yet. I see Rais and Spaceship as kind of
21:19
Speaker 1: that grad job, getting in there, actually seeing what the
21:22
Speaker 1: job is like and seeing how it works, and you know,
21:25
Speaker 1: actually getting those hands on skills to then graduate at
21:28
Speaker 1: some point to your big girl job and that might
21:31
Speaker 1: be your bigger investment portfolio. But I think there's such
21:33
Speaker 1: powerful tools and they are absolutely an investment in your
21:36
Speaker 1: financial literacy.
21:37
Speaker 3: Yeah.
21:38
Speaker 2: So, and I just think that the fact that you've
21:41
Speaker 2: said I don't fully understand it, but this is where
21:43
Speaker 2: I'm going to start. Like what a great place to start.
21:45
Speaker 1: Exactly are you mean your grad job of investing.
21:48
Speaker 4: Yeah, it's just just yeah, it's it's good. It's just interesting.
21:52
Speaker 4: Just what your confidence with it? I think?
21:55
Speaker 1: Yeah, absolutely, I have loved this chat with you. Thank
21:58
Speaker 1: you so so much for joining us.
22:00
Speaker 3: We're so super proud of you.
22:01
Speaker 2: I know that's weird to say that to someone who's
22:03
Speaker 2: not met in person, but we're sitting here like nodding
22:05
Speaker 2: her head, going yeah, she's got it.
22:07
Speaker 3: We love her.
22:08
Speaker 4: Yeah, we love us.
22:10
Speaker 1: We'll go and enjoy your lunch with your friends, and
22:12
Speaker 1: thank you for having a really nice chat with us
22:14
Speaker 1: this afternoon.
22:15
Speaker 4: No problem, no problem fights and that is.
22:18
Speaker 1: All we have time for today or money diaries. But
22:20
Speaker 1: just before we head off, we'd like to acknowledge and
22:22
Speaker 1: pay respect to Australia's Aboriginal and Tory Straight Islander people's,
22:26
Speaker 1: the traditional custodians of the lands, the waterways and the
22:29
Speaker 1: skies all across Australia. We thank you for sharing and
22:33
Speaker 1: for caring on the land which we are able to learn.
22:35
Speaker 1: We pay respects to olders past and present, and we
22:38
Speaker 1: share our friendship and our kindness now. The advice shared
22:41
Speaker 1: on She's on the Money, even on our money diaries,
22:43
Speaker 1: is general in nature and does not consider your individual circumstances.
22:47
Speaker 1: She's on the Money exists purely for educational purposes and
22:49
Speaker 1: should not be relied upon to make an investment or
22:52
Speaker 1: a financial decision. And we do promise. I am an
22:55
Speaker 1: authorized representative of Australia Pacific Funds Management Proprietray Limited ABA
23:00
Speaker 1: three four one three two four six three two five
23:02
Speaker 1: seven I FSL three three nine one five one and
23:05
Speaker 1: does always. Thank you so much to the dream team
23:08
Speaker 1: of audio engineers and sam our podcast Butler for putting
23:12
Speaker 1: this all together.
23:13
Speaker 3: If you want to join the Facebook community, we're over one.
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Speaker 1: Hundred and hundred and fifty nine thousand people when I
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Speaker 1: out today.
23:19
Speaker 2: There is so much to learn there from each other,
23:21
Speaker 2: people helping each other out. To make sure we get
23:23
Speaker 2: involved with that, and we're almost about to crack one
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Speaker 2: hundred thousand on Instagram as well.
23:27
Speaker 1: It has go follow us mainly because I just want
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Speaker 1: the bragging rights, no real reason. Just give Victoria something
23:33
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23:35
Speaker 3: Yeah, yeah, and it's lots of fun.
23:36
Speaker 2: But also I'm loving the little sort of would you
23:39
Speaker 2: call it infographic, just the little stats and facts and
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23:50
Speaker 3: Chatty soon guys, see you leave it, guys,