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MONEY DIARIES: The FIFO Nurse Force of Nature! · 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
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  Speaker 1: we get started on She's on the Money podcast, I
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  Speaker 1: would like to acknowledge the traditional custodians of the land
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  Speaker 1: of which this podcast is recorded on a wondery country,
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  Speaker 1: acknowledging the elders, the ancestors and the next generation coming
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  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
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  Speaker 1: today and lasting impact for tomorrow.
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  Speaker 2: Let's get into it.
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  Speaker 3: She's on the Money, She's on the Money.
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  Speaker 2: Hello, and welcome to She's on the Money the.
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  Speaker 4: Podcast are millennials who want financial freedom. Welcome back to
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  Speaker 4: another one of our money diaries where I get the
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  Speaker 4: privilege of talking to one of our beautiful She's on
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  Speaker 4: the Money community members all about their journey. Let's jump
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  Speaker 4: straight into it, because this week I got a message
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  Speaker 4: and it went like this Hive. I came to Australia
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  Speaker 4: from the Philippines on a student visa almost thirteen years ago.
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  Speaker 4: I was a struggling student who worked odd jobs to
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  Speaker 4: support my studies.
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  Speaker 2: And cost of living here.
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  Speaker 4: I had some pretty traumatizing experiences that made me almost
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  Speaker 4: want to go back home. However, I was firm that
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  Speaker 4: I wanted to make Australia my home. Fast forward to today,
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  Speaker 4: I'm an Australian citizen who earns between one hundred and
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  Speaker 4: eighty and two hundred thousand dollars a year plus super
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  Speaker 4: works as a travel nurse all over the country and
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  Speaker 4: is now working towards my fourth investment property. I also
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  Speaker 4: have managed to bring my sister here, who's now a
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  Speaker 4: citizen herself, as well as my nineteen year old brother
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  Speaker 4: money diarist.
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  Speaker 5: What I feel like crying here is that.
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  Speaker 4: Wow, I'm just so impressed. Is your family like super
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  Speaker 4: proud of you?
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  Speaker 5: I think? So? Yah?
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  Speaker 2: What do you mean you think so? I absolutely know so.
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  Speaker 4: That is crazy to me to go from being in
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  Speaker 4: the Philippines knowing what the average salary is like, wanting
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  Speaker 4: a better life, having gone through some traumatic experiences, and
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  Speaker 4: now going, you know what, I earn between one hundred
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  Speaker 4: and eighty and two hundred grand.
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  Speaker 2: All by myself, Like, are you joking? I'm so proud
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  Speaker 2: of you. Can we learn a little bit more about this,
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  Speaker 2: Let's do a money diary.
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  Speaker 5: Oh, I'm actually very nervous.
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  Speaker 2: Oh, don't be nervous. I promise I don't buy it.
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  Speaker 2: Let's jump into it.
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  Speaker 4: The first question I always ask our money diarists, what
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  Speaker 4: grade would you give your money habits from an A
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  Speaker 4: through to an F.
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  Speaker 5: I've been thinking about this a lot. I think I
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  Speaker 5: want to give myself a B plus.
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  Speaker 2: A B plus.
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  Speaker 4: All right, let's learn more about that, because I already
• 3:03
  Speaker 4: know I don't agree.
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  Speaker 2: But that is Okay, money diarist, tell me.
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  Speaker 4: A little bit more about your upbringing and your money story.
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  Speaker 5: Okay, So I'm the second eldest of six kids. I
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  Speaker 5: think we are from a middle income family. My parents
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  Speaker 5: own a meat shop, and whilst I know they were
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  Speaker 5: earning good money for Philipino standards, my dad is a
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  Speaker 5: chronic gambler.
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  Speaker 4: No.
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  Speaker 5: Yeah, for almost four decades of their married life, Like,
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  Speaker 5: I've witnessed them fighting over money, and I've witnessed my
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  Speaker 5: parents telling at least nine properties to pay for my
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  Speaker 5: dad's debts. My dad is a good guy, but it's
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  Speaker 5: just as an addiction.
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  Speaker 4: I like that you preface that because I think sometimes
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  Speaker 4: when you talk about addiction, people automatically go that's an
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  Speaker 4: awful thing.
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  Speaker 2: That's a bad person trait.
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  Speaker 4: It's not like people who have addictions are just people
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  Speaker 4: with addictions, Like they can be the kindest, best human
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  Speaker 4: beings in the entire world, and they're struggling with something
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  Speaker 4: and need support.
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  Speaker 2: So that must be really hard on your family, very hard.
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  Speaker 5: Growing up. I've seen how my mom has weathered all
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  Speaker 5: the storm. She was really good with money. I knew
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  Speaker 5: that we had the money to buy things, but we
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  Speaker 5: grew up not forgetting what we want. I remember going
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  Speaker 5: to Thistroy store and I wouldn't say a word because
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  Speaker 5: I know what my mom would say, Oh, we don't
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  Speaker 5: have the money to buy that, although I knew that
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  Speaker 5: they had the money. But thinking of it, if my
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  Speaker 5: mom wasn't like that, we probably would have not graduated.
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  Speaker 5: Because in the Philippines, going to UNI it's not free.
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  Speaker 5: If you have any medical problems, if you get hospitalized,
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  Speaker 5: it's not free. We don't have those subsidies. So my
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  Speaker 5: parents has wheathered all the storms. In now she start
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  Speaker 5: four professionals. Once an orthodontist and then I'm a nurse,
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  Speaker 5: and then a medical laboratory science and another one's a doctor.
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  Speaker 2: Oh my god, she must be so proud of all
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  Speaker 2: of her babies.
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  Speaker 5: I'm so proud of my mom, Like, yeah, she's my inspiration.
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  Speaker 2: I love her.
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  Speaker 4: What a woman like, especially to go through that for
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  Speaker 4: literally four decades and to still be like, no, I'm
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  Speaker 4: supporting my family.
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  Speaker 2: We're going to get here. I need to be the
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  Speaker 2: strong one, like, uh, women acquaens, aren't they?
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  Speaker 5: Yeah? And she was the one who pushed me to
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  Speaker 5: go to Australia. So to give you a bit of
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  Speaker 5: a background, So I'm a registered nurse back in my country,
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  Speaker 5: but at that time, there were so many nursing graduates
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  Speaker 5: and there wasn't enough work for us. What's happening before
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  Speaker 5: was we would go and be forced. Did you volunteer
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  Speaker 5: work so unpaid labor so that we could get experienced
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  Speaker 5: because my ultimate goal at the time was to get
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  Speaker 5: out of my country.
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  Speaker 2: Yeah.
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  Speaker 5: Wow, Like a registered nurse probably will get paid less
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  Speaker 5: than three hundred dollars a month.
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  Speaker 2: My god, three hundred dollars a month for such a
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  Speaker 2: critical role. That is so unfair. Absolutely not.
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  Speaker 5: I remember I was in my early twenties and I
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  Speaker 5: didn't have the money to go for holidays or to
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  Speaker 5: buy things and all that, and I would still ask
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  Speaker 5: money for my parents. I remember bringing work kilos of
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  Speaker 5: meat to sell for my colleagues so I can help,
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  Speaker 5: I can lit a bit of fundy.
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  Speaker 2: Oh my gosh, how did you source that?
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  Speaker 5: Well, my parents have meet shopped.
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  Speaker 2: Yeah, yeah, yeah, that's right. I was like, so you're
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  Speaker 2: just organizing all of their snacks and dinners as well
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  Speaker 2: as doing your work. Oh my gosh.
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  Speaker 4: And so tell me more about this journey. Obviously at
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  Speaker 4: this point you still hadn't left the Philippines.
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  Speaker 5: Yeah. So what my end goal was to go to
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  Speaker 5: the US. I did my qualifying exam and passed my
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  Speaker 5: it's called MPEx, so I got my license to the US,
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  Speaker 5: got a sponsorship for being hard. But then the piece
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  Speaker 5: of backlog was so hard and it was taking me
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  Speaker 5: ages to go there. I was like, okay, maybe I'll
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  Speaker 5: try to Canada, but then I got scammed. No what,
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  Speaker 5: My mom gave a lot of money to them and
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  Speaker 5: for nothing, and I decided I'll probably go to Saudi Arabia,
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  Speaker 5: but my experience at the time wasn't enough, so they
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  Speaker 5: rejected me too. So I was really resigned, and she said,
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  Speaker 5: why don't you go to Australia on a student visa
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  Speaker 5: because I know someone on a student visa and she's
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  Speaker 5: actually doing very well. So at the time, I was
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  Speaker 5: just feeling resigned, and I just wanted my mom to
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  Speaker 5: decide for me. After all, she's the one who's going
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  Speaker 5: to give me the money, so I let her decide
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  Speaker 5: for my life. So I came here on a student visa,
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  Speaker 5: but it was just one year. For you to study here,
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  Speaker 5: you needed to show funds how you could afford living
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  Speaker 5: here in Australia, and we didn't have enough show money.
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  Speaker 5: So it was just one year and I had no
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  Speaker 5: idea what I was going to do here in Australia.
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  Speaker 5: I knew I couldn't do nursing because to become a
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  Speaker 5: nurse year, even though I was already a registered nurse
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  Speaker 5: in the Philippine, I had to study again. And I
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  Speaker 5: think it's like thirty thousand dollars per semester for two years.
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  Speaker 4: Yeah, for international students. It's so insane, it's so ridiculous.
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  Speaker 5: Yeah, So there's no way I could be able to
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  Speaker 5: afford it. So I've got the cheapest course I could
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  Speaker 5: get from the cheapest school that could accept me. Yeah,
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  Speaker 5: and I did certificate for Information Technology and I had
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  Speaker 5: no plans at the time. I was like thinking, or
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  Speaker 5: maybe before my visa ends, I'll find a guy who
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  Speaker 5: I fall in love with and give me a bison
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  Speaker 5: or something.
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  Speaker 2: I love.
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  Speaker 4: This planet's gone from I should find a guy to
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  Speaker 4: give me a visa to. By the way, I earned
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  Speaker 4: two hundred grand on my own and I don't need
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  Speaker 4: no man.
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  Speaker 2: This is a good story. This is my favorite story.
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  Speaker 5: I'm thinking very much single.
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  Speaker 2: Now, you're just too intimidating for the men. I I
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  Speaker 2: don't know.
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  Speaker 5: But anyway, so I had to work on jobs, do
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  Speaker 5: house cleaning and babysitting, and I was actually at one
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  Speaker 5: point put into a position where my client didn't actually
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  Speaker 5: want me to clean and do something else for him. No. Yeah,
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  Speaker 5: I was super scared at that time, but thankfully he
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  Speaker 5: did not force me. And yeah, I told my sister
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  Speaker 5: and I told her not to tell my mom, but
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  Speaker 5: she ended up telling my mom. She was asking me
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  Speaker 5: to go home, but I was like, I come this
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  Speaker 5: way to go home, I'm not going. So I just
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  Speaker 5: learned how to be more mindful of accepting jobs and
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  Speaker 5: all that, and I made it through. And then I
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  Speaker 5: remember I had this client who told me that she
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  Speaker 5: had another babysitter who did her bridging program as a nurse. Yeah,
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  Speaker 5: and it only took her three months and it was
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  Speaker 5: I think thirteen thousand dollars at that time. So that
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  Speaker 5: was my aim. I decided, I'll save up for this money,
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  Speaker 5: I'll do the bridging course and that happened. And then yeah,
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  Speaker 5: fast forward to today, I'm a travel registered nurse who
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  Speaker 5: travel solover Australia and yeahs now, this investment properties, I'm
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  Speaker 5: still counting.
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  Speaker 2: I cannot believe that.
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  Speaker 4: And so we ended up being lucky enough to get
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  Speaker 4: you in Australia and you're gonna stay here.
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  Speaker 5: Oh of course, yes, this is my whole now.
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  Speaker 2: So we get to keep you. I love this, and
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  Speaker 2: we now have your sister and your nineteen year old brother.
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  Speaker 4: I adore this. So let's talk more about money. You
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  Speaker 4: obviously mentioned that you're a traveling nurse. We've mentioned what
• 10:27
  Speaker 4: you earn, but can you get into what is a
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  Speaker 4: travel nurse and how does the pay system work?
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  Speaker 5: Okay, So I've been nursing here in Australia from early
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  Speaker 5: twenty thirteen to now you're twenty eighteen. I hit a
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  Speaker 5: cross row. I was so stressed out with nursing. I
• 10:45
  Speaker 5: didn't want to do it anymore. I felt like I
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  Speaker 5: had compassion for tea, but that's all I knew. I
• 10:50
  Speaker 5: was already doing a senior role, and I decided, before
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  Speaker 5: I go nurs I will restart. And I tried doing
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  Speaker 5: cosmetic nursing, which I hated. I felt like my hands
• 11:02
  Speaker 5: weren't made for it. So I thought of what do
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  Speaker 5: I really like doing and what dools I know how
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  Speaker 5: to do? And I really liked traveling a lot. At
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  Speaker 5: that time, I was just working and traveling and saving
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  Speaker 5: and yeah, and I just google travel nursing and I
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  Speaker 5: saw this company based in Brisbane. They interviewed me over
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  Speaker 5: the phone, got hired and in two weeks time they
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  Speaker 5: said I was applying to foreigner Queensland. Anyways, I was
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  Speaker 5: doing short term travel nursing at that time, so they
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  Speaker 5: would give me contracts or options where to go and
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  Speaker 5: how long I could be there for. I have options
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  Speaker 5: to extend as well. They paid for my accommodation, my
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  Speaker 5: travel expenses to went from more and the money the
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  Speaker 5: rate is a lot higher than a regular nurse, plus
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  Speaker 5: you get all the penalties. But here twenty twenty one,
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  Speaker 5: I was still with the same company. They actually had
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  Speaker 5: a contract with the government for the COVID search and
• 11:59
  Speaker 5: emergency to respond and they talked me into moving from
• 12:03
  Speaker 5: short term to doing the COVID search and that was different,
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  Speaker 5: So the pay was higher than the short term travel nursing.
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  Speaker 5: And then we get to travel Australia for two weeks
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  Speaker 5: to a month in one place and it's all over Australia.
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  Speaker 5: And yeah, still I get paid accommodation travel in the
• 12:24
  Speaker 5: cost of living allowance as well, plus the penalty plus
• 12:27
  Speaker 5: super wow. Yeah. I was talking to my colleagues yesterday
• 12:32
  Speaker 5: and we were talking about this and this is like
• 12:34
  Speaker 5: the peak of our career. I would never earn this
• 12:37
  Speaker 5: even if I were as a facility manager and I
• 12:40
  Speaker 5: have less stress.
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  Speaker 2: Yeah wow. And you get to see all of Australia
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  Speaker 2: and travel and you love that.
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  Speaker 5: And we do have downtime as well, so the constant
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  Speaker 5: stress is not there, like we get down times and
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  Speaker 5: we're able to recuperate and all that. But of course
• 12:55
  Speaker 5: it has its trade offs.
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  Speaker 2: Yeah wow. So how often are you actually home?
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  Speaker 5: Then that's the truth question, because I don't have a
• 13:05
  Speaker 5: home base now. So from twenty eighteen, I've given up
• 13:08
  Speaker 5: my rent, although my sister and father lives in Sydney.
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  Speaker 5: If someone asks me where do you live, I live
• 13:15
  Speaker 5: where I get sent At the moment, I'm living in
• 13:18
  Speaker 5: north like Queensland. In last month, I was living in Victoria.
• 13:23
  Speaker 2: Wow, So do you just live from a suitcase? Because
• 13:28
  Speaker 2: I could not do that, Like I would get so
• 13:31
  Speaker 2: stressed being away from home.
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  Speaker 5: I have two suitcases yea, one winter and one summer.
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  Speaker 5: So I left my other suitcase at my sister's place.
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  Speaker 2: Yeah, of course, but now I try.
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  Speaker 5: This with everything in one suitcase, you know, like warm
• 13:45
  Speaker 5: clothes and stuff. Because with my job, you'll never know.
• 13:48
  Speaker 5: You'll be in somewhere really hot, and then next thing
• 13:51
  Speaker 5: you know, you're in Tasmania or you're in Victoria whatsoever.
• 13:54
  Speaker 4: Yeah, absolutely, especially within two weeks of each other. Like
• 13:59
  Speaker 4: it's been reason cold in Victoria and then you go
• 14:01
  Speaker 4: to Queensland and it's like forty degree weather, so like,
• 14:04
  Speaker 4: oh my gosh, I wouldn't know what to do.
• 14:08
  Speaker 2: That's actually so cool.
• 14:10
  Speaker 4: So have you the whole time that you've worked as
• 14:13
  Speaker 4: a travel nurse always earned between one eighty and two
• 14:17
  Speaker 4: hundred thousand or is that something that you've kind of
• 14:19
  Speaker 4: worked up to no.
• 14:22
  Speaker 5: For financial year twenty twenty two, I earned two hundred
• 14:26
  Speaker 5: seventeen thousand. Oh my gosh, yeah, because I was doing
• 14:29
  Speaker 5: a lot of overtimes. Last year I earned one hundred
• 14:32
  Speaker 5: eighty six, but because I went on a lot of holidays.
• 14:35
  Speaker 5: Because if we're on our personal leads, we don't get
• 14:37
  Speaker 5: paid of course. Yeah. Well, prior to the corvid searge,
• 14:41
  Speaker 5: I was earning maybe around one hundred or the most
• 14:44
  Speaker 5: one hundred two thousand, but I was doing a lot
• 14:47
  Speaker 5: of traveling overseas at the time.
• 14:49
  Speaker 2: Yeah.
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  Speaker 4: Wow, I feel like you're living the dream. Do you
• 14:52
  Speaker 4: think that that's sustainable? Like will you always be a
• 14:55
  Speaker 4: travel nurse? Or you said before, I am still single,
• 14:58
  Speaker 4: Like do you think that you'll find and someone and
• 15:00
  Speaker 4: settle down and want to, you know, maybe stay in
• 15:02
  Speaker 4: one place.
• 15:04
  Speaker 5: Someone's telling me that with this job you won't be
• 15:06
  Speaker 5: able to find someone. Who take this seriously because I
• 15:10
  Speaker 5: feel like we're in the transient box. So that actually
• 15:14
  Speaker 5: motivates me to make the use of my time now
• 15:18
  Speaker 5: so that i'd be able to have the freedom to
• 15:20
  Speaker 5: do what I want in the future. Because I know
• 15:23
  Speaker 5: that I also do want to have a relationship and
• 15:26
  Speaker 5: maybe a family one day. So I'm not sure if
• 15:29
  Speaker 5: I want to have this year as my last year
• 15:32
  Speaker 5: as a travel nurse, but we'll see at the end
• 15:34
  Speaker 5: of the year. But I won't be definitely doing this forever.
• 15:38
  Speaker 2: Yeah.
• 15:38
  Speaker 4: Wow, we know you own three properties and you're about
• 15:42
  Speaker 4: to buy your fourth. Can you tell me about your
• 15:44
  Speaker 4: money goals, like what are your big money goals at
• 15:46
  Speaker 4: the moment?
• 15:47
  Speaker 2: What are you working towards?
• 15:49
  Speaker 5: Oh, big money goals? So my short term is to
• 15:51
  Speaker 5: get the Ford investment property this year and also top
• 15:55
  Speaker 5: up my super so I could buy my ship investment
• 15:59
  Speaker 5: property through Super this year as well. That's my short
• 16:02
  Speaker 5: term money goal, and then my long term money goal
• 16:07
  Speaker 5: is to be able to live off of the properties
• 16:10
  Speaker 5: and have you know, more freedom, like not exchange my
• 16:14
  Speaker 5: time for money anymore, and do different things.
• 16:19
  Speaker 4: I am shook at how good you are at this,
• 16:21
  Speaker 4: Like I'm just looking at it, going holy moly, Like
• 16:24
  Speaker 4: having come from the Philippines, gone through what you've gone
• 16:27
  Speaker 4: through to now earning what you're earning and knowing how
• 16:30
  Speaker 4: to invest it. I'm just looking at you, going, holy moly,
• 16:34
  Speaker 4: you are so good. I have a lot more questions.
• 16:37
  Speaker 4: Let's go to a really quick break. And on the
• 16:38
  Speaker 4: other side, I want to know about your investment strategy,
• 16:41
  Speaker 4: how you got into your first property, and all of
• 16:44
  Speaker 4: the juicy details around that.
• 16:45
  Speaker 2: So guys don't go anywhere.
• 16:51
  Speaker 4: All right, money diarist, you are absolutely killing it, Like
• 16:54
  Speaker 4: I am so proud of you. We know that you
• 16:57
  Speaker 4: have three properties and you're about to go onto your
• 16:59
  Speaker 4: full Then the next question I want to ask is
• 17:01
  Speaker 4: about investments. So can you take me through the investments.
• 17:05
  Speaker 2: That you own?
• 17:05
  Speaker 4: So what properties do you own? Do you have any
• 17:07
  Speaker 4: other investments? And how on earth did you know how
• 17:10
  Speaker 4: to do this?
• 17:12
  Speaker 5: Yes, okay, so my mom talked me into investing properties,
• 17:17
  Speaker 5: but I was investing in the Philippines. I sold two
• 17:20
  Speaker 5: properties and bought another two.
• 17:22
  Speaker 2: Oh, just a property flipper. You just have millions of properties.
• 17:26
  Speaker 5: No, it's just that I saw it from my mom
• 17:29
  Speaker 5: like whorich comes to words like she could just sell
• 17:31
  Speaker 5: property and build my dad out of trouble.
• 17:35
  Speaker 2: Oh my gosh.
• 17:36
  Speaker 5: So now the Philippines. I have one property that I
• 17:41
  Speaker 5: share with my sister and then I've sold one but
• 17:44
  Speaker 5: she's still paying it off like I sold it to
• 17:46
  Speaker 5: my sister. The other property, I call it my yolo money.
• 17:50
  Speaker 2: Your Yolow money.
• 17:52
  Speaker 5: My Yolow money is the money I got from my
• 17:54
  Speaker 5: properties from the Philippines.
• 17:55
  Speaker 4: Okay, well, I wouldn't be looking at it as like
• 17:57
  Speaker 4: a Yolow money.
• 17:58
  Speaker 2: I would be looking at as well.
• 18:00
  Speaker 4: But you know what, whatever's working for you, it's working
• 18:02
  Speaker 4: for you, beb Yeah.
• 18:04
  Speaker 5: And then here in Australia, so I've got three properties
• 18:08
  Speaker 5: one inch long, one in sinside Victoria in Melbourne, which
• 18:13
  Speaker 5: is just turning over hopefully this month. I was able
• 18:17
  Speaker 5: to see the inspection when I was there, and then
• 18:19
  Speaker 5: the third ones in one ray Wa.
• 18:22
  Speaker 2: Yeah.
• 18:22
  Speaker 5: So I'm currently working in my court. The pre approval
• 18:26
  Speaker 5: was already all good to go, and I have my
• 18:29
  Speaker 5: deposit as well ready, so I'm just waiting for the
• 18:31
  Speaker 5: right property to be presented to me. And then I've
• 18:35
  Speaker 5: got one hundred two thousand dollars in Super?
• 18:39
  Speaker 2: How much in Super? Sorry? Could you repeat that?
• 18:42
  Speaker 5: One hundred and two?
• 18:43
  Speaker 2: You were one hundred and two thousand dollars in Super
• 18:45
  Speaker 2: as well? You are a money queen.
• 18:49
  Speaker 5: I took some money out as well before I knew
• 18:50
  Speaker 5: that I shouldn't be taking money out.
• 18:52
  Speaker 2: Yeah, okay, clearly didn't impact you too negatively.
• 18:57
  Speaker 5: And then I've got shares as well.
• 18:59
  Speaker 2: Of course you do. What are they?
• 19:01
  Speaker 5: I'm not really proud of my shares investing experience, but
• 19:06
  Speaker 5: I've put one hundred k on shares and thirty thousand
• 19:10
  Speaker 5: in crypto, and they're very negative at the moment.
• 19:13
  Speaker 2: Tell me how you picked your shares.
• 19:15
  Speaker 4: One hundred thousand dollars in shares, You must be a
• 19:19
  Speaker 4: savings queen to I have a one hundred grand in
• 19:21
  Speaker 4: super one hundred grand in shares. I mean, I don't
• 19:24
  Speaker 4: love the crypto, but you get what you get, and
• 19:26
  Speaker 4: you don't get upset.
• 19:27
  Speaker 2: You've got so much property.
• 19:29
  Speaker 5: What? Okay? So before I got into property, I wasn't
• 19:32
  Speaker 5: too shares. Yeah, And someone introduced me to shares, and
• 19:37
  Speaker 5: initially I was picking blue chip stock yep. I was
• 19:41
  Speaker 5: very risk averse. But then I got someone showing me
• 19:44
  Speaker 5: her portfolio and she was like, you should try penny
• 19:47
  Speaker 5: stocks because I'm earning so much from it. Yes, I
• 19:50
  Speaker 5: have a gambling blood.
• 19:51
  Speaker 4: Yeah, it runs in the family, I get it. Yeah,
• 19:54
  Speaker 4: but this is way more constructive, Like investing is not gambling,
• 19:58
  Speaker 4: so like I feel like we're panneling this properly now.
• 20:02
  Speaker 5: Yeah, But I was more of a gambler. Before when
• 20:04
  Speaker 5: I was doing shares, I was chasing speculative stocks. I
• 20:08
  Speaker 5: was going over with the herd and all that. I
• 20:11
  Speaker 5: was chasing the thrill of, you know, the volatility. And
• 20:17
  Speaker 5: I'm actually not looking at my shares at the moment
• 20:19
  Speaker 5: because I'm really not proud of it at the moment.
• 20:22
  Speaker 5: But I'm holding it as long as possible and hopefully
• 20:26
  Speaker 5: it turns out well. Like my goal is to maybe
• 20:30
  Speaker 5: check it one undid years old and see if you know,
• 20:33
  Speaker 5: I might could retire from that one.
• 20:36
  Speaker 4: I think with that amount of money in shares and
• 20:39
  Speaker 4: in crypto, you should be getting some advice to put
• 20:41
  Speaker 4: it together properly, Like don't.
• 20:43
  Speaker 2: Bury you ahead until you're fifty. Go get some advice.
• 20:46
  Speaker 4: Have it all structured properly, like a financial advisor will,
• 20:49
  Speaker 4: like rebalance your portfolio properly and make sure you're in
• 20:53
  Speaker 4: the best possible position because that's so much money. No
• 20:56
  Speaker 4: burying our head in the sand. You're too smart for this.
• 20:59
  Speaker 5: I was so that when the market dip, I went
• 21:02
  Speaker 5: into the travel nursing two point zero, so it didn't
• 21:07
  Speaker 5: really affect me that much because I was earning a
• 21:09
  Speaker 5: lot of money and I wasn't really spending a lot
• 21:11
  Speaker 5: because I don't pay rent at all. So I shifted
• 21:15
  Speaker 5: my focus from shares to property investing. I came across
• 21:19
  Speaker 5: someone who's got thirteen properties. There are a couple. He
• 21:24
  Speaker 5: was only thirty seven when he retired, and now it's
• 21:28
  Speaker 5: just focus into mentoring people and sharing his experience. So
• 21:32
  Speaker 5: I learned from him, and from then on I was like, Okay,
• 21:35
  Speaker 5: I probably diversified and put my money into property.
• 21:39
  Speaker 2: Smart girl us So smart.
• 21:41
  Speaker 5: My focus now is just property. But I'm hoping once
• 21:44
  Speaker 5: I get my numbers, I'll go back to shares and
• 21:47
  Speaker 5: I'll probably focus on blue chip stocks. And you didn't
• 21:51
  Speaker 5: paying stocks.
• 21:52
  Speaker 4: So yeah, so smart. I want to know a little
• 21:55
  Speaker 4: bit more about your properties. So you have properties in Geelong,
• 21:59
  Speaker 4: Melbourne and Bunbury. And when you say Geelong and Bunbury
• 22:03
  Speaker 4: to me, as an ex financial advisor, I know that
• 22:07
  Speaker 4: they are growth suburbs like Geelong and Bunbury have been
• 22:11
  Speaker 4: pinpointed in my mind for a while. There's lots of them,
• 22:15
  Speaker 4: but more recently, I feel like a lot of bias
• 22:18
  Speaker 4: agents and investors are looking in these areas to buy
• 22:21
  Speaker 4: property because they're basically growth corridors. Have you got a
• 22:24
  Speaker 4: bias agent? Is someone advising you on where you're purchasing?
• 22:28
  Speaker 5: I do, so I have to Property Portfolio Partners.
• 22:32
  Speaker 4: Yeah wow, how did you find them listening to podcasts?
• 22:36
  Speaker 5: So I got into this company because I have always
• 22:39
  Speaker 5: been listening to their podcast because I was trying to
• 22:42
  Speaker 5: learn about property investing. I'm like, I don't really want
• 22:46
  Speaker 5: to do it myself. I want to utilize someone else's
• 22:50
  Speaker 5: expertise and make them most sut you.
• 22:53
  Speaker 4: I was asking because I was like, interesting because those
• 22:57
  Speaker 4: properties are in locations that I know a growth corridor.
• 23:01
  Speaker 2: Is like, where are you getting this information from?
• 23:03
  Speaker 5: That?
• 23:03
  Speaker 2: Sounds like you've got a bias agent? I love that.
• 23:06
  Speaker 2: Have your experiences with them been really good?
• 23:09
  Speaker 5: Yeah, it's been really good. So my first one was
• 23:13
  Speaker 5: this off the plants, and they do a lot of mentorship.
• 23:16
  Speaker 5: I've had a really good experience with them. But my
• 23:19
  Speaker 5: strategy now is going for established properties because I don't
• 23:23
  Speaker 5: know how long I will be in this job for
• 23:26
  Speaker 5: and of course my service ability will be infected once
• 23:29
  Speaker 5: I change jobs. So now that I have this powering
• 23:32
  Speaker 5: capacity and my income is high, I like you maybe
• 23:36
  Speaker 5: fast track it. That's why now I'm to establish properties.
• 23:40
  Speaker 5: So that's why I switched to the other.
• 23:42
  Speaker 4: Yeah, because you don't have to wait around for the
• 23:44
  Speaker 4: property to be built and then have to get the
• 23:46
  Speaker 4: loan at the end.
• 23:47
  Speaker 2: Like, that's quite smart. Tell me now, how much debt
• 23:51
  Speaker 2: are you in and what does that look like?
• 23:54
  Speaker 4: A lot look with nearly four properties, I didn't expect
• 23:57
  Speaker 4: you to say zero.
• 23:58
  Speaker 5: Yeah, so my first one, I have five hundred and
• 24:03
  Speaker 5: seventeen thousand on that and I'm paying at six point
• 24:07
  Speaker 5: twenty nine percent. But the value of that now is
• 24:10
  Speaker 5: around six hundred and sixty thousand.
• 24:12
  Speaker 2: Oh, very nice.
• 24:14
  Speaker 5: Yeah, and that's renting.
• 24:16
  Speaker 2: Now, how long have you had that for?
• 24:18
  Speaker 5: Well, I've been renting it at all almost six year now.
• 24:22
  Speaker 5: I got it here twenty twenty one. Yep, so I
• 24:24
  Speaker 5: started my property investing in Journey twenty twenty one.
• 24:27
  Speaker 2: How much are you renting that property out for?
• 24:30
  Speaker 5: It's only two thoy twenty six a month. I'm heavily
• 24:34
  Speaker 5: negatively geared on this one, but I'm actually very excited
• 24:38
  Speaker 5: from tax return time.
• 24:39
  Speaker 2: Because yeah, because it will offset your tax. Yeah, yeah, yes,
• 24:43
  Speaker 2: smart woman.
• 24:43
  Speaker 4: All right, tell me about property number two.
• 24:47
  Speaker 5: Property number two, I have a loan of four hundred
• 24:50
  Speaker 5: forty nine thousand, four one hundred ninety eight at six
• 24:54
  Speaker 5: point ninety nine percent. I haven't actually checked the valuation
• 24:59
  Speaker 5: for this one, but when the land settled it was
• 25:01
  Speaker 5: up forty thousand.
• 25:03
  Speaker 2: Oh my gosh, how good.
• 25:05
  Speaker 5: Yeah. I think the comparable sale price is around six
• 25:10
  Speaker 5: hundred to six hundred fifty k in that area. So
• 25:14
  Speaker 5: this will settle soon. I'm hoping to get a good
• 25:17
  Speaker 5: valuation from that one as well.
• 25:19
  Speaker 2: Is that one layd out?
• 25:20
  Speaker 5: Oh? This one is almost turnover. I've just been there
• 25:24
  Speaker 5: for pre inspection last week.
• 25:26
  Speaker 4: All right, that's what you said before. Yeah, and what
• 25:28
  Speaker 4: do you think you rented out for?
• 25:30
  Speaker 5: Hopefully five hundred a week?
• 25:32
  Speaker 2: Yeah? Cool. And then property number three.
• 25:36
  Speaker 5: Yeah, that's the Bunbury waah, three hundred thirty seven, nine
• 25:40
  Speaker 5: hundred fifteen and interest is at six point seventy nine percent.
• 25:45
  Speaker 5: And I just had a look and the valuation is
• 25:47
  Speaker 5: four hundred thirty four thousand. Wow, this one's the best one.
• 25:52
  Speaker 5: I'm renting it out four five hundred a week.
• 25:54
  Speaker 2: No you're not. That's actually so good.
• 25:59
  Speaker 4: And so the first property that you mentioned is that Geelong, Yeah, Geelong.
• 26:03
  Speaker 5: Second is the Inside Melbourne, and then the bundary.
• 26:07
  Speaker 4: Wa how exciting, and then you've got a plan to
• 26:09
  Speaker 4: purchase another one later in the year.
• 26:11
  Speaker 5: Yeah, I'm getting frustrated because so Michael was to get
• 26:14
  Speaker 5: that property last year for my birthday, so I had
• 26:17
  Speaker 5: it already, but then they said the stock levels right
• 26:21
  Speaker 5: now is very low and the competition is really high
• 26:24
  Speaker 5: because I'm almost a capacity. So I'm like, I really
• 26:28
  Speaker 5: want to get it over and of it because I
• 26:29
  Speaker 5: already have the deposits and all that.
• 26:32
  Speaker 2: Yeah.
• 26:32
  Speaker 4: Wow, So tell me about your savings habits because I
• 26:36
  Speaker 4: know you said, oh, I'm a bit of a gambler
• 26:38
  Speaker 4: in the share market.
• 26:38
  Speaker 2: Like, you can't be that.
• 26:39
  Speaker 4: Big of a gambler if you're able to purchase properties, Like,
• 26:43
  Speaker 4: what do your savings habits look like?
• 26:45
  Speaker 5: Well, when I was doing shares, I was really really bad.
• 26:49
  Speaker 5: I would put almost all my pay to shares. I
• 26:52
  Speaker 5: even got a credit card, but what the credit card
• 26:55
  Speaker 5: was zero persons interests, but I was using it to
• 27:00
  Speaker 5: buy shares as well. That's how bad I was. Yeah wow, Yeah,
• 27:04
  Speaker 5: But then as soon as I decided to go into property,
• 27:08
  Speaker 5: the savings game has gone up.
• 27:12
  Speaker 4: A lot of people say that, they say they're not
• 27:15
  Speaker 4: amazing with money until they have property, which is kind
• 27:18
  Speaker 4: of like forced savings. But it's like, yeah, a double
• 27:22
  Speaker 4: edged sword, right, because you have to have some money
• 27:24
  Speaker 4: to be able to get into property to begin with.
• 27:27
  Speaker 5: Yeah, you're forcing to a lifestyle, but I don't feel
• 27:31
  Speaker 5: like I'm actually compromising on my lifestyle because I get
• 27:35
  Speaker 5: to travel for free. I have like a one bedroom
• 27:38
  Speaker 5: apartment all to my own for free and all that.
• 27:40
  Speaker 4: So I love it, And I love your viewpoint. You're
• 27:43
  Speaker 4: so positive about all of this and you're just killing it.
• 27:46
  Speaker 4: What do you think your best money habit is?
• 27:48
  Speaker 5: Of course, I live within my knees.
• 27:50
  Speaker 2: Yep.
• 27:51
  Speaker 5: I'm not really big on shopping. I don't like branded stocks,
• 27:54
  Speaker 5: not that that I have anything against those who likes that,
• 27:58
  Speaker 5: but I just don't find happiness in that. I'm for experiences, yeah, fair, Yeah,
• 28:03
  Speaker 5: And I also know a lot of hacks, especially when
• 28:06
  Speaker 5: it comes to eating out, Like I use apps, it,
• 28:08
  Speaker 5: club first, table, the fork, anything that you give me
• 28:12
  Speaker 5: discount because I love eating out.
• 28:15
  Speaker 4: Yeah, fair, fair, and all of those websites are so
• 28:18
  Speaker 4: good at giving you a discount when you eat like
• 28:21
  Speaker 4: it just makes it a no brainer, right, you go?
• 28:23
  Speaker 2: Why would I go if I'm not getting a discount now.
• 28:26
  Speaker 5: Yeah, true, true, I love that.
• 28:28
  Speaker 2: So what do you think your worst money habit is?
• 28:31
  Speaker 5: Whors money habit? I splurge a lot on my family,
• 28:35
  Speaker 5: like I would always shout out dinners and all that,
• 28:38
  Speaker 5: and then I've made them come to Australia a few
• 28:41
  Speaker 5: times in all expenses staiths.
• 28:44
  Speaker 2: But I love that you're treating your family because you
• 28:47
  Speaker 2: love them.
• 28:48
  Speaker 5: Yeah, but I'm thinking in a financial perspective, my money
• 28:53
  Speaker 5: could have gone further if I wasn't really splurging a
• 28:57
  Speaker 5: lot on this. But I don't regret it, like it
• 28:59
  Speaker 5: makes me happy.
• 29:01
  Speaker 2: Yeah. And you said that you like experiences over things anyway,
• 29:04
  Speaker 2: and I'm assuming you would love to experience things with
• 29:06
  Speaker 2: your family.
• 29:08
  Speaker 5: True.
• 29:09
  Speaker 2: I don't think that's about it all.
• 29:10
  Speaker 4: I really like it, you said at the very start,
• 29:13
  Speaker 4: and I scoffed at it.
• 29:15
  Speaker 2: You said, I.
• 29:16
  Speaker 4: Think my money habits a B plus, and then you
• 29:18
  Speaker 4: went on to explain that you not only have three properties,
• 29:22
  Speaker 4: you want four, and you're working towards that. At the
• 29:24
  Speaker 4: end of the year, you've got one hundred and two
• 29:26
  Speaker 4: grand in super You've got one hundred grand of shares,
• 29:29
  Speaker 4: thirty thousand dollars.
• 29:30
  Speaker 2: Worth of crypto.
• 29:31
  Speaker 4: You've got all these properties lined up, like you have
• 29:34
  Speaker 4: your head screwed on and you're so positive.
• 29:37
  Speaker 2: Why do you think you're a B plus and what
• 29:41
  Speaker 2: would make you an A plus?
• 29:43
  Speaker 4: Okay?
• 29:44
  Speaker 5: The thing is, I have been presented with this great
• 29:48
  Speaker 5: opportunity to earn money and save money, and I feel
• 29:53
  Speaker 5: like if I were an A minus or an A plus,
• 29:57
  Speaker 5: I could you have probably bought more proper.
• 30:01
  Speaker 4: No, you're way ahead of all of us.
• 30:08
  Speaker 5: I don't know. That's just what I'm thinking. It's like
• 30:10
  Speaker 5: I've had a massive opportunity cost loss with my shares
• 30:17
  Speaker 5: because I wasn't really thinking properly. I was emotionally investing in.
• 30:21
  Speaker 4: If I wasn't, you were learning, I'm learning, Yeah, give
• 30:25
  Speaker 4: yourself a little bit more credit. People are listening to
• 30:29
  Speaker 4: this going, oh my gosh, she's incredible, Like this level
• 30:33
  Speaker 4: of financial literacy you've given yourself and taught yourself, and
• 30:36
  Speaker 4: you're still being generous to your family to bring them
• 30:39
  Speaker 4: over and just give them their best lives. Like, oh
• 30:42
  Speaker 4: my gosh, you're an A plus to me. Like, I'm
• 30:44
  Speaker 4: not gonna argue with you if you've got more to achieve.
• 30:46
  Speaker 4: But at the end of the day. I think you're
• 30:47
  Speaker 4: so impressive.
• 30:49
  Speaker 5: I think I consider myself as ape us. If I
• 30:53
  Speaker 5: no longer trade money with time, like if I have
• 30:57
  Speaker 5: the financial.
• 30:59
  Speaker 2: Free, Yeah, that would be very sexy. I like it.
• 31:03
  Speaker 5: Yeah, my goal is to semi retires forty. I'm not
• 31:06
  Speaker 5: sure if I'd be able to get it, but yeah,
• 31:10
  Speaker 5: I think I'm on track.
• 31:11
  Speaker 4: Oh my gosh, I'm so proud of you, Money Diarist. Unfortunately,
• 31:15
  Speaker 4: that is all we have time for today. It has
• 31:17
  Speaker 4: been beautiful getting to know you and learning a bit
• 31:20
  Speaker 4: more about your story, and you've been so generous with
• 31:22
  Speaker 4: your time, but also just how open you've been.
• 31:25
  Speaker 2: Thank you so much for sharing.
• 31:28
  Speaker 5: Oh, thank you so much. Like you've been a great
• 31:30
  Speaker 5: instrument to this. I've been listening to your podcast and
• 31:33
  Speaker 5: I've read your books, and yeah.
• 31:35
  Speaker 2: You are so kind. Oh my gosh, I love it.
• 31:39
  Speaker 2: Thank you, I really appreciate it.
• 31:41
  Speaker 5: Thank you for having me.
• 31:48
  Speaker 4: The advice shared on She's on the Money is generally
• 31:51
  Speaker 4: nature and does not consider your individual circumstances. She's on
• 31:55
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• 31:58
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• 31:59
  Speaker 2: Upon to make an invent mean all financial decision.
• 32:01
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