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MONEY DIARIES: Hustling Hard to Change the Script · She's On The Money

• 0:00
  Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud your
• 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 4: Hello, and welcome to Money the Podcast. Millennials who want
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  Speaker 4: financial freedom. Welcome back to another shop back Money Diary Monday,
• 1:06
  Speaker 4: where we get to talk to a community member to
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  Speaker 4: learn all about them, all about their finances and all
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  Speaker 4: about the juicy, juicy details of their life.
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  Speaker 2: Victoria, how you going? What have you got this? Let
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  Speaker 2: me tell you?
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  Speaker 4: Our diarist wrote in and said, steep learning curve. I've
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  Speaker 4: never really been educated on money. I got out of
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  Speaker 4: a smallish debt at twenty one and left a drop
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  Speaker 4: kick boyfriend. Yeah, we love that outcome. I feel like
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  Speaker 4: I'm trying to change my money story. My parents have
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  Speaker 4: always been a little impulsive and have chopped and changed
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  Speaker 4: their lives many times and made some bad choices. I'm
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  Speaker 4: now paying off a house, running a small company, and
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  Speaker 4: learning to invest with my husband, and we are doing
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  Speaker 4: all we can to educate our daughter to elevate her
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  Speaker 4: money story too.
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  Speaker 3: I love that we got rid of a drop kick boyfriend.
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  Speaker 3: We're married, We're doing well. Welcome to the show, money Diarist.
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  Speaker 3: Thanks for coming and hanging out for a bit.
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  Speaker 5: Thanks for having me.
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  Speaker 2: Oh my gosh, no, I'm.
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  Speaker 3: Really so Let's start this as we always do, and
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  Speaker 3: I'm going to ask can you tell us a little
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  Speaker 3: bit about your money story?
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  Speaker 5: Money story? So, growing up, money wasn't really discussed in
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  Speaker 5: our house, not that it wasn't allowed, just it didn't
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  Speaker 5: really happen. My mum and dad owned a transport business,
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  Speaker 5: so money was either there or it wasn't. I found
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  Speaker 5: they were either chasing texts or income. So it was
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  Speaker 5: never really budgeted very well. But we were never short,
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  Speaker 5: like short short of money either.
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  Speaker 3: But it was ebbs and flows with a bit of
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  Speaker 3: inconsistency in income.
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  Speaker 1: Right.
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  Speaker 5: Oh yes, very much. So if the checks were coming in,
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  Speaker 5: you'd have a really good year. And of course, being transport,
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  Speaker 5: the weather play is a big part of that too.
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  Speaker 5: If you have a very wet year, it would pull
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  Speaker 5: my dad off work, so money would dry up. So
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  Speaker 5: I just found it was. Yeah, when it was there,
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  Speaker 5: it was like, great, we can do all this stuff.
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  Speaker 5: But then when it wasn't there, it would be months
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  Speaker 5: of you know, I wouldn't say struggle struggle, but definitely
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  Speaker 5: you know, harsher times I went through. Yeah, that was
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  Speaker 5: growing up. I was a little bit of a rebellious
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  Speaker 5: team compared to my sisters. So I was, you know,
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  Speaker 5: the one that would get in trouble at school or
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  Speaker 5: I wouldn't listen, whereas my sister was very switched on
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  Speaker 5: with stuff, you know, she wanted to be an accountant.
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  Speaker 5: So when we were heading toward the end of high school,
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  Speaker 5: my family decided to move to the Bush because they
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  Speaker 5: wanted to buy acreages. I didn't want to go, so
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  Speaker 5: I moved out. I was extremely lucky though, that property
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  Speaker 5: that my parents adjusted for horses had this really little
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  Speaker 5: old shock on it, so I leased that out with
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  Speaker 5: some very interesting stories. Yeah, while I looked for work
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  Speaker 5: down here, and I was only ever taught really good
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  Speaker 5: work ethics, so it was work hard, you know, bring
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  Speaker 5: the money in. I didn't finish my HC. So I
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  Speaker 5: started off with a lot of interesting jobs. I think
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  Speaker 5: I did food industry, and then I did Woolworths as
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  Speaker 5: a checkout chick, and I Karate sales, and then I
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  Speaker 5: ended up into nursing hkre nursing. I had met my
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  Speaker 5: ex partner at the time, so we'd moved in together.
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  Speaker 5: He was always out of work, so then I found
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  Speaker 5: like I was bringing this paycheck home that I was
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  Speaker 5: really proud of, except he was getting the same amount
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  Speaker 5: on Senlink. So I was like, oh, this is really
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  Speaker 5: My point was yeah, especially when I got into nursing,
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  Speaker 5: because I would be up really really early and you'd
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  Speaker 5: be going and it was a really hard job, and
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  Speaker 5: I was just getting really cranky, and I decide, I
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  Speaker 5: can remember like having arguments with him and saying, you know,
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  Speaker 5: we need to do better than this. Can't be my life.
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  Speaker 5: And it got to a point I think I was nineteen,
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  Speaker 5: and I just said to it. I gave an ultimatum
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  Speaker 5: and I'm like, you know, by this date, I need
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  Speaker 5: you in work and I want this, this, and this,
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  Speaker 5: or I'm leaving it. So happened that my mom and
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  Speaker 5: dad had moved back from the bush by then because
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  Speaker 5: that didn't work out for them, and I just packed
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  Speaker 5: everything into my car one morning and left.
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  Speaker 2: Oh my gosh.
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  Speaker 5: Yeah, it was pretty big at the time because I
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  Speaker 5: was nineteen. I was nursing, and I can remember like
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  Speaker 5: taking all my stuff back to mums and having a
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  Speaker 5: cup of tea with her and she's like, so, what's
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  Speaker 5: happening And I was like, oh, I was just wondering, well,
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  Speaker 5: I can move home. She was like yes, I'm like good,
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  Speaker 5: I'll unpack my car.
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  Speaker 2: You're like I'm ready. Are you ready because I'm already
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  Speaker 2: here pretty much.
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  Speaker 5: So yeah, that was the start I think of me
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  Speaker 5: realizing that life doesn't just happen smoothly. You have to
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  Speaker 5: figure it out on your own. But I have no
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  Speaker 5: worries of looking back there. I was really glad I
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  Speaker 5: did that. And I've watched other people and friends kind
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  Speaker 5: of fall into traps with bad partners and just be
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  Speaker 5: promised that it will change or you know, and it
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  Speaker 5: never does.
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  Speaker 3: I read a quote on Instagram the other day actually
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  Speaker 3: that it's easier to change the actual man than change amen, Like, yeah, great,
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  Speaker 3: just yeat them out, get a new one.
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  Speaker 2: What a dream.
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  Speaker 5: Unfortunately, I think it is sometimes. I mean I've met
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  Speaker 5: gentlemen or I should say both females and males that
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  Speaker 5: have been bad in past relationships and they change after
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  Speaker 5: someone leaves them, but I never find it kind of
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  Speaker 5: happens if they stay.
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  Speaker 2: Yeah, it's an interesting concept as well.
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  Speaker 3: And what you were talking about before, just going, oh,
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  Speaker 3: they're on sentilling and they're earning what I'm earning. What
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  Speaker 3: I'm feeling from the tone of the way you said
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  Speaker 3: that actually had nothing to do with the dollar amount,
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  Speaker 3: because if they were you know, on senlink and like
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  Speaker 3: studying or doing something, it was more about the mindset
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  Speaker 3: and the like what they're contributing to the relationship.
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  Speaker 2: Am I right in reading into that a little bit?
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  Speaker 5: Very much? So it was just even stuff around the house,
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  Speaker 5: like he just had a mentality of you know, the
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  Speaker 5: big things will come, but he wasn't going to get
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  Speaker 5: anything or he wasn't contributing around the house. So I've
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  Speaker 5: just learned that I want people sort of on the
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  Speaker 5: same path as me.
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  Speaker 2: Yeah, of course, I feel like you made the right
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  Speaker 2: decision for you. Then I love that.
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  Speaker 5: Thank you. I think I did too.
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  Speaker 2: Or money dores.
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  Speaker 3: Next question, I want to know where you are at now, So.
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  Speaker 2: Tell us what do you do for work? How much
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  Speaker 2: money do you earn?
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  Speaker 5: Okay, so I currently am We created a company.
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  Speaker 2: Oh, we just created a company, No, biggie.
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  Speaker 5: I took a lot of learning and a lot of
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  Speaker 5: discussions with your accountant, but yeah, I've I got into
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  Speaker 5: mail contracts and we were working for another contractor and
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  Speaker 5: the opportunity come up to go out on our own,
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  Speaker 5: so we did, and we just kind of kept growing.
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  Speaker 5: So I've got three contracts.
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  Speaker 3: Oh my gosh, the way you said it, you were
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  Speaker 3: just so flippant about having just started a business, which
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  Speaker 3: is crazy. So many people would never even consider taking
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  Speaker 3: the risk, but you were like, ah, we just did it,
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  Speaker 3: No biggie.
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  Speaker 5: As I get older and I tell everyone else is too,
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  Speaker 5: there's a lot of information on the internet. People shouldn't
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  Speaker 5: be as scared as I want. You can get a
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  Speaker 5: lot of information on how to do it or get
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  Speaker 5: a really good account all right.
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  Speaker 3: I want to know now, though, how much money do
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  Speaker 3: you earn? That sounds like an exciting role, but like,
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  Speaker 3: let's get into the nitty gritty dollars of it.
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  Speaker 5: Okay, so we're still relatively low, but we have a
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  Speaker 5: lot of perks like company cars and things like that.
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  Speaker 5: Due to the company. The actual income that we bring
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  Speaker 5: in is roughly about one hundred and fifty thousand a year.
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  Speaker 5: I also have a house that we bought which we're
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  Speaker 5: currently not living in at the moment, so we've decided
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  Speaker 5: to rent that out. So that's bringing a little bit
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  Speaker 5: in as well.
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  Speaker 2: Very nice.
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  Speaker 5: So far, it's been a different journey. We built a
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  Speaker 5: shed to live in with my parents in laws because
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  Speaker 5: they are ill at the moment. We'd purchased land up
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  Speaker 5: the road. We had built very long twelve months of
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  Speaker 5: building a house up the road, we had the equity
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  Speaker 5: sitting there, so we borrowed again to build the shed
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  Speaker 5: down here. And yeah, we've been living in that while
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  Speaker 5: still doing the company.
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  Speaker 4: Amazing is that one hundred and fifty thousand dollars then
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  Speaker 4: split between the two of you because you both work
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  Speaker 4: in the business.
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  Speaker 2: Yeah, beautiful, very cool. All right, next question, I want
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  Speaker 2: to know what is your big money goal?
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  Speaker 5: Oh, to retire early. Oh I love that financial freedom.
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  Speaker 5: That's what's on my board just to be able to,
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  Speaker 5: I think, retire and do what I would like when
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  Speaker 5: I retire. I watch, you know, my husband's family and
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  Speaker 5: my family, and they are at the end of their
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  Speaker 5: lives and they're struggling or waiting for money or not
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  Speaker 5: being able to do things, and they've worked really hard lives.
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  Speaker 5: I don't want to get to the end of mine
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  Speaker 5: and be scraping through.
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  Speaker 2: Yeah, no, that makes absolute sense. What are you doing
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  Speaker 2: to work towards that?
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  Speaker 5: So we would like to have the rest of our
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  Speaker 5: mortgage for the house that I'm currently renting out. We're
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  Speaker 5: hoping that we can have that paid out in four years.
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  Speaker 2: Oh four, how good?
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  Speaker 5: I think we have just under three hundred thousand dollars
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  Speaker 5: owing on that. So we would like to have that
• 10:06
  Speaker 5: pay or that money at least sitting in an offset
• 10:08
  Speaker 5: account by the end of four years. With my husband's
• 10:13
  Speaker 5: dad being ill, we're kind of stuck here for a minute.
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  Speaker 5: So we were discussing either buying another investment property or
• 10:21
  Speaker 5: trying to put the money together so that if anything happens,
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  Speaker 5: we could purchase my husband's house that he grew up
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  Speaker 5: in and pay his sister out. Evan that comes to task.
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  Speaker 2: I love that.
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  Speaker 3: I feel like I know the answer to this next
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  Speaker 3: question because you mentioned that you have a property you're
• 10:37
  Speaker 3: leasing out. But I want to know do you have
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  Speaker 3: any investments. If so, what are they.
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  Speaker 5: The house up the road. As I recently am on
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  Speaker 5: a very steep learning curve thanks to you guys with
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  Speaker 5: some shares.
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  Speaker 2: How exciting it's nerve wracking.
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  Speaker 5: I learned through shares is that I wasn't very good
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  Speaker 5: at picking my own but I did. I put as
• 11:00
  Speaker 5: all amount into shares his last year and it was
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  Speaker 5: going down, so I've recently sold them. I've decided to
• 11:07
  Speaker 5: stay with the six Park benures that I have put into.
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  Speaker 5: I put two thousand dollars away in eight Pril four.
• 11:15
  Speaker 5: My daughter and I've recently done another one for my
• 11:18
  Speaker 5: partner and I. We're just waiting with the bear market
• 11:22
  Speaker 5: at the moment, I've got a feeling like it would
• 11:25
  Speaker 5: be a good time to buy, but it's just picking
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  Speaker 5: exactly when.
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  Speaker 3: We don't pick the time, my friend, We invest when
• 11:32
  Speaker 3: it's right for you guys, because if we're aiming to
• 11:35
  Speaker 3: be in the market for a long period of time,
• 11:38
  Speaker 3: we can't time the market. It's not a good idea,
• 11:41
  Speaker 3: my friend, what are we doing well?
• 11:43
  Speaker 5: I kind of improving that to the partner at the moment,
• 11:47
  Speaker 5: I think a little Petri five when I was like,
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  Speaker 5: I'm just going to put a couple of thousand thousand
• 11:51
  Speaker 5: in the share market.
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  Speaker 3: It's a big decision, but it's one that only you
• 11:55
  Speaker 3: guys can make for you. But I think it's so
• 11:57
  Speaker 3: interesting to know. And I actually want to ask a
• 11:59
  Speaker 3: really per question. Sorry, Jess, it's off the script, but
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  Speaker 3: I want to know here what made you want to
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  Speaker 3: sell shares when you were down? Was that something that
• 12:08
  Speaker 3: you were like, oh, I just want out, I don't
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  Speaker 3: want to do that anymore, or if you were saying
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  Speaker 3: they were going down. I got rid of them.
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  Speaker 5: Why I did not have faith in why I chose them?
• 12:20
  Speaker 5: Yell okay, a whim at the moment, and I kind
• 12:23
  Speaker 5: of went on and I was like, I wanted to
• 12:25
  Speaker 5: get Australian ones and I didn't fully understand what they were,
• 12:29
  Speaker 5: and so the faith in them was not there. Whereas
• 12:34
  Speaker 5: having someone else, you know, helped pick the shares. I
• 12:37
  Speaker 5: think that there's probably a lot more information that's gone
• 12:39
  Speaker 5: into that rather than it going oh that one looks pretty.
• 12:43
  Speaker 3: Yeah, And so your experience with six Park, you've just
• 12:45
  Speaker 3: gone all right. Well, as much as I can pick
• 12:47
  Speaker 3: them myself, I actually want to pro to pick them
• 12:50
  Speaker 3: for me, and I feel a bit more confident with
• 12:52
  Speaker 3: that option.
• 12:53
  Speaker 2: Is that about right?
• 12:54
  Speaker 5: That's exactly right?
• 12:55
  Speaker 2: How cool? All right?
• 12:56
  Speaker 3: Next question, my friend the opposite, Do you have any.
• 13:00
  Speaker 2: It's just the mortgage awesome.
• 13:02
  Speaker 3: I want to be pervy about the mortgage though. Are
• 13:05
  Speaker 3: your rental repayments covering the mortgage repayments at the moment?
• 13:08
  Speaker 2: What does that look like?
• 13:10
  Speaker 5: Yes, we get to higher rental income than what the
• 13:13
  Speaker 5: minimum is for repayments.
• 13:14
  Speaker 2: Oh, money win. That's a very nice outcome.
• 13:18
  Speaker 5: Yes, we're very lucky because we were slightly scared going
• 13:22
  Speaker 5: into that venture as well, because the risks of someone,
• 13:25
  Speaker 5: you know, ruining a house or something like that. But
• 13:28
  Speaker 5: we've been very lucky in finding an extremely brilliant property
• 13:32
  Speaker 5: manager and so it's just been really smooth. We don't
• 13:35
  Speaker 5: really hear much of anything from up there.
• 13:38
  Speaker 2: Pick or next question, do you currently use shopback?
• 13:44
  Speaker 5: No?
• 13:44
  Speaker 2: Sorry, you don't have to apologize. We just want to know.
• 13:47
  Speaker 2: We're just pervy. You know, the community talks about it
• 13:50
  Speaker 2: all the time.
• 13:51
  Speaker 3: They've always got hot tips and tricks, and it's a
• 13:53
  Speaker 3: missed opportunity for me, if I'm not asking to be honest.
• 13:56
  Speaker 5: We did try. My husband's kind of I don't want
• 14:00
  Speaker 5: to call him stingy because I love the fact that
• 14:02
  Speaker 5: he's like it and he's got to be exalted. Yes,
• 14:05
  Speaker 5: he's very savvy, so we found a lot of the
• 14:08
  Speaker 5: time he was finding specials in his own things to
• 14:11
  Speaker 5: buy stuff, so we never really used it.
• 14:13
  Speaker 3: Yeah, no, that's fair, that makes absolute sense. I want
• 14:16
  Speaker 3: to know, though, if you're not using shop back, what
• 14:18
  Speaker 3: is your best money hack?
• 14:20
  Speaker 5: My husband, fair fast, just the shopping around. I mean things,
• 14:25
  Speaker 5: especially large price things. You really do have to shop around.
• 14:29
  Speaker 5: He's a little bit more strict with it than I am,
• 14:33
  Speaker 5: especially with like purchasing vehicles. He will set aside two
• 14:35
  Speaker 5: months before we need one, and he will go back
• 14:38
  Speaker 5: and forth between dealers and he will drop prices like
• 14:41
  Speaker 5: seven or eight thousand dollars, whereas I like, yeah, he's
• 14:46
  Speaker 5: very amazing. So we have both our little jobs when
• 14:49
  Speaker 5: it comes to buying stuff. We're each better at our
• 14:52
  Speaker 5: own little field. My money hacks for around the house
• 14:55
  Speaker 5: is planning. I plan I've got calendars all my house
• 15:00
  Speaker 5: I plan to a month in advance with the shopping,
• 15:03
  Speaker 5: and that we have the week's meals ahead. I'm not
• 15:06
  Speaker 5: one to do things last minute, because whenever I do,
• 15:08
  Speaker 5: I find I spent a lot of cheeky So yeah,
• 15:12
  Speaker 5: that's that's pretty much the hacks and just education. I
• 15:15
  Speaker 5: wasn't educated in a lot of the money things. And
• 15:18
  Speaker 5: like I said, when you move out a home, no
• 15:19
  Speaker 5: one tells you how to plan your week or your
• 15:22
  Speaker 5: meals or how much shopping is going to cost you.
• 15:25
  Speaker 3: It's crazy, isn't it. No one told me it's so rude.
• 15:29
  Speaker 3: What do you mean I have to pay for water?
• 15:31
  Speaker 3: Isn't such a free in the tap?
• 15:34
  Speaker 5: Or we're even better, we've got tank water, so if
• 15:37
  Speaker 5: it runs out you are stuck in the middle of
• 15:38
  Speaker 5: the shower.
• 15:41
  Speaker 3: That's actually a bigger cost if you have to get
• 15:43
  Speaker 3: your tank refilled.
• 15:45
  Speaker 2: Yeah.
• 15:45
  Speaker 5: Well, funnily enough, I don't think it is. I've done
• 15:48
  Speaker 5: like a spreadsheet with a girlfriend of mine that's on
• 15:50
  Speaker 5: downwater and it's cheaper for the tank if you set
• 15:53
  Speaker 5: it up right.
• 15:54
  Speaker 2: Oh, I love that for you.
• 15:56
  Speaker 3: I want to know, though, what is your worst money habiting.
• 16:00
  Speaker 5: Your own business? We don't get planned holidays as often
• 16:03
  Speaker 5: as a lot of my friends. So I will venture
• 16:06
  Speaker 5: out for little weekends away with the family, and I
• 16:10
  Speaker 5: do splurge a little bit more with that. I think
• 16:13
  Speaker 5: in my head I excuse myself for it because I
• 16:16
  Speaker 5: don't get the really big holidays.
• 16:17
  Speaker 3: I don't think that's a terrible money habit. I think
• 16:20
  Speaker 3: that that is a very common feeling that is shared
• 16:23
  Speaker 3: by a lot of business owners. To be honest, we
• 16:25
  Speaker 3: don't give ourselves enough time off, but we'll definitely let
• 16:28
  Speaker 3: our employees off very easily. Yes, all right, my friend,
• 16:32
  Speaker 3: last question before we go to a quick break, I
• 16:35
  Speaker 3: want to know what grade would you give yourself if
• 16:37
  Speaker 3: we forced you to give your money habits a grade.
• 16:40
  Speaker 5: Currently, I would be probably sitting on a B minus.
• 16:44
  Speaker 2: Why a B minus?
• 16:46
  Speaker 5: I do still do my little splurges, and I'm still learning.
• 16:50
  Speaker 5: I think I'm at that cusp now where I would
• 16:53
  Speaker 5: like to learn further, and I feel like I'm a
• 16:56
  Speaker 5: little bit late to it. If I do anything with
• 16:58
  Speaker 5: my daughter, I hope that she does this like pre twenties.
• 17:01
  Speaker 5: But yes, at least I'm out and I'm having a
• 17:03
  Speaker 5: go at it now, So I do think it's at
• 17:05
  Speaker 5: least to be.
• 17:06
  Speaker 2: I love that.
• 17:07
  Speaker 3: All right, let's go to a quick break and after
• 17:09
  Speaker 3: I want to dive into business and your life and
• 17:12
  Speaker 3: moving out at nineteen guys, don't go anywhere.
• 17:20
  Speaker 4: Welcome back, guys. Money, Doris, I wanted to ask you
• 17:24
  Speaker 4: said that your parents owned a business, which is something
• 17:27
  Speaker 4: that you now do as well, which is awesome to see.
• 17:30
  Speaker 4: But you mentioned that they were often chasing checks and
• 17:33
  Speaker 4: anyone who's ever freelanced or owned the business knows that
• 17:37
  Speaker 4: is one of the hardest things, is getting people to
• 17:40
  Speaker 4: pay on time. Is that something that you now find
• 17:43
  Speaker 4: yourself doing or have you been able to put systems
• 17:45
  Speaker 4: in place having seen your parents doing it when you
• 17:48
  Speaker 4: were growing up. That kind of puts you a little
• 17:51
  Speaker 4: bit on the front foot now as an adult.
• 17:53
  Speaker 5: So I'm kind of very lucky because we contract mainly
• 17:56
  Speaker 5: with government bodies such as Australia Posts and things like that,
• 18:00
  Speaker 5: so the income set up for several years at a time.
• 18:03
  Speaker 5: So rather than my dad, which was on like sixty
• 18:06
  Speaker 5: day turnarounds with invoices when I sign into something, we're
• 18:09
  Speaker 5: signing into them with several year agreements, so I know
• 18:12
  Speaker 5: that that money is set up for at least that
• 18:14
  Speaker 5: minimum period and it's going to be coming in regularly.
• 18:16
  Speaker 3: Oh.
• 18:17
  Speaker 2: I love that.
• 18:17
  Speaker 3: That would make me feel so much more secure because
• 18:20
  Speaker 3: chasing invoices is the bane of everybody's existence.
• 18:24
  Speaker 5: Yeah, I did not want to get into that with
• 18:27
  Speaker 5: I've watched my family and unfortunately sometimes too, they never
• 18:31
  Speaker 5: did get money. Like there was large chunks of money
• 18:34
  Speaker 5: that would go seeuth sometimes and they just never recouped
• 18:36
  Speaker 5: from that.
• 18:37
  Speaker 3: It's crazy the way it works as well, because I
• 18:39
  Speaker 3: think everyone would be like, well, why didn't they just
• 18:40
  Speaker 3: chase it?
• 18:41
  Speaker 2: Why didn't they do this? Why didn't they do that?
• 18:43
  Speaker 3: I think it's just sometimes so much easier to cut
• 18:45
  Speaker 3: your losses and move on then spend time, energy and
• 18:49
  Speaker 3: effort that could be going into generating new revenue chasing
• 18:52
  Speaker 3: an old invoice. So it's not to say you should
• 18:55
  Speaker 3: let it go, but as a small business owner, you
• 18:57
  Speaker 3: only have a certain amount of time and million different
• 19:00
  Speaker 3: competing priorities.
• 19:02
  Speaker 5: Yeah, and sometimes you will just lose the legal fees trying.
• 19:05
  Speaker 3: Yeah, exactly. I want to know more about moving out
• 19:09
  Speaker 3: at nineteen. You were telling us before that you were
• 19:12
  Speaker 3: a little bit rebellious. What made you take that step,
• 19:16
  Speaker 3: what made you go you know what, I'm not moving
• 19:18
  Speaker 3: with a family. I'm just stay here. I don't think
• 19:20
  Speaker 3: I would have the confidence.
• 19:21
  Speaker 5: No, I think I was just naive in the fact
• 19:24
  Speaker 5: that I didn't think I would be able to start
• 19:27
  Speaker 5: afresh in a new town with no friends. So I
• 19:30
  Speaker 5: was like, nope, I'm just staying where I am and
• 19:33
  Speaker 5: I will figure it out. In hindsight, sometimes I wonder
• 19:37
  Speaker 5: should I have just gone and met some new friends.
• 19:40
  Speaker 5: But I think it all turned out in the end.
• 19:42
  Speaker 5: But it was just the fear of I didn't want
• 19:44
  Speaker 5: to start, and they moved four or five hours away,
• 19:47
  Speaker 5: so it wasn't like, you know, you're just an hour
• 19:49
  Speaker 5: or two from your friends, you can come back and visit.
• 19:52
  Speaker 5: And I just left school, so it was right when
• 19:54
  Speaker 5: I was. I left school just at the start of
• 19:56
  Speaker 5: year twelve. So it was either I would have to
• 19:58
  Speaker 5: go back to school or find a job in a
• 20:00
  Speaker 5: brand new town where I didn't know anyone. So I
• 20:03
  Speaker 5: just waited up and thought, I'll stay where I am
• 20:05
  Speaker 5: and venture for a job here.
• 20:07
  Speaker 4: It's so lucky that you said you were able to
• 20:10
  Speaker 4: rent your property from your parents. Nineteen is obviously a
• 20:13
  Speaker 4: very young age to be taking that step and to
• 20:16
  Speaker 4: be living.
• 20:17
  Speaker 2: Were you by yourself?
• 20:18
  Speaker 5: Firstly, No, my ex was with me when we moved out,
• 20:23
  Speaker 5: and one of my dad's friends that also drove. He
• 20:27
  Speaker 5: was coming and staying a couple of days of the
• 20:29
  Speaker 5: week there, so it was good. But I mean it
• 20:32
  Speaker 5: was such a shack for a first house. It was
• 20:34
  Speaker 5: like this little, tiny, old brick house on the middle
• 20:37
  Speaker 5: of this big property where he'd keep the horses. And
• 20:39
  Speaker 5: I can remember I'd never done tank water before and
• 20:43
  Speaker 5: there was a tank underground and you had to feed
• 20:45
  Speaker 5: it to like this little old tank up in the
• 20:47
  Speaker 5: on the top of this thing, and it would gravity
• 20:49
  Speaker 5: feed to the house. And they didn't have taps for
• 20:52
  Speaker 5: the washing machine and that, so I had to say yes,
• 20:55
  Speaker 5: it was very interesting for a nineteen year old. I
• 20:58
  Speaker 5: was a lot of phone calls to mum going how
• 21:00
  Speaker 5: does this work?
• 21:01
  Speaker 4: How did you find it financially being responsible for yourself.
• 21:05
  Speaker 4: Did your parents give you any leeway in terms of
• 21:08
  Speaker 4: the rent or were you paying full rent, paying full
• 21:11
  Speaker 4: bills doing it all at the age of nineteen.
• 21:15
  Speaker 5: No, the rent was helped a lot by my parents.
• 21:17
  Speaker 5: They covered most of that until I got into work.
• 21:20
  Speaker 5: Thank god. We were there, I think for six months
• 21:25
  Speaker 5: when my parents moved away. Obviously my ex and dad's
• 21:30
  Speaker 5: mate that was daying there. They paid a little bit
• 21:32
  Speaker 5: of the rent when we moved out after six months,
• 21:35
  Speaker 5: though I think I was just turned twenty, and yes
• 21:39
  Speaker 5: we paid full rent. But by then I had a
• 21:43
  Speaker 5: position at war worse and so I did have money
• 21:45
  Speaker 5: coming in. It was a little bit different.
• 21:47
  Speaker 3: Talk to me about leaving school early. So I have
• 21:51
  Speaker 3: drawn the conclusion that you left school early because you
• 21:54
  Speaker 3: said earlier that you didn't finish HC.
• 21:58
  Speaker 2: What led to that decision?
• 22:00
  Speaker 3: And you know, it's kind of inspiring, going, well, I
• 22:03
  Speaker 3: didn't do HC, and now I'm a business owner and
• 22:05
  Speaker 3: like I'm creating financial freedom. I think it's a narrative
• 22:08
  Speaker 3: that we don't often talk about. So talk to me
• 22:11
  Speaker 3: about that decision and what happened when you made it.
• 22:15
  Speaker 5: Yeah, So throughout school I was very rebellious. In the
• 22:19
  Speaker 5: early January of the year I left. I got into
• 22:21
  Speaker 5: a car accident in year twelve, and how do I explain?
• 22:26
  Speaker 5: I just didn't like it. I didn't like school. It
• 22:28
  Speaker 5: was getting too much, and so I thought I'd be
• 22:30
  Speaker 5: better off learning what I needed to learn for work outside.
• 22:34
  Speaker 5: I didn't really have anything that I wanted to do
• 22:37
  Speaker 5: that the HC would get for me at that point. Yeah,
• 22:40
  Speaker 5: that's fair. Yeah, I guess looking back now, I wish
• 22:43
  Speaker 5: I had. I wish i'd been very much staying in
• 22:46
  Speaker 5: an office job and not having to use my body
• 22:48
  Speaker 5: as much. But yeah, when you're seventeen, you just think
• 22:52
  Speaker 5: you know everything.
• 22:53
  Speaker 3: I think I think I thought I knew everything at
• 22:55
  Speaker 3: seventeen too, Don't worry. I think that's very common. But
• 22:58
  Speaker 3: it's always so interesting to ask like, oh, well, what
• 23:01
  Speaker 3: did that look like for you and how did that work?
• 23:03
  Speaker 3: Because so many people often feel like their careers or
• 23:07
  Speaker 3: their future ability to generate wealth will be completely capped
• 23:11
  Speaker 3: by an education. And to be honest, I think it's
• 23:14
  Speaker 3: really about mindset rather than the credentials or having a certificate,
• 23:18
  Speaker 3: because looking at you, like you're making one fifty in
• 23:21
  Speaker 3: your business, and I have absolutely no doubt that that
• 23:23
  Speaker 3: will grow from here on in. You said you've got
• 23:25
  Speaker 3: three contracts. I'm sure you've got space for more to
• 23:28
  Speaker 3: grow and you know, flourished, and it's just so inspiring
• 23:31
  Speaker 3: to see that you're, you know, someone who's been like,
• 23:34
  Speaker 3: all right, well I left. It made sense to me,
• 23:36
  Speaker 3: but you're still bopping along getting it done, and that's
• 23:39
  Speaker 3: really cool to see.
• 23:40
  Speaker 5: Yeah. Well, my older sister, as I said, she was
• 23:43
  Speaker 5: the brains of the family, and she left to be
• 23:46
  Speaker 5: an accountant, and she pulled out six months on her
• 23:48
  Speaker 5: last year at UNI.
• 23:49
  Speaker 3: On her last Yeah, oh, she got the heck step
• 23:52
  Speaker 3: and everything.
• 23:54
  Speaker 5: Yep, and we were all just like, what the heck,
• 23:57
  Speaker 5: you can't pull out this late?
• 23:59
  Speaker 2: Who would want to work work in finance? Honestly?
• 24:02
  Speaker 5: Well, she'd when I got a job in accounts payable
• 24:05
  Speaker 5: and she really liked it. So she was like, I
• 24:07
  Speaker 5: don't think I need to be an accountant now, but
• 24:09
  Speaker 5: she was so close to getting to the end part
• 24:12
  Speaker 5: SHEU I gave that in. So it's really funny because
• 24:15
  Speaker 5: her partner is doing the same thing that I am
• 24:18
  Speaker 5: doing now, but yet obviously only has the one contract.
• 24:22
  Speaker 5: So I think it doesn't matter whether you get a
• 24:24
  Speaker 5: HC or not when it comes to finances. There's lots
• 24:26
  Speaker 5: of avenues that people can go down completely.
• 24:31
  Speaker 4: The one other thing I wanted to ask you about
• 24:33
  Speaker 4: really quickly, we're going a few steps backwards, but talking
• 24:37
  Speaker 4: about your first boyfriend that you described as a bit
• 24:40
  Speaker 4: of a drop kick and how you know? You were
• 24:43
  Speaker 4: quite young, and I think anyone who's been in love
• 24:46
  Speaker 4: in their teenage years knows that, you know, you can
• 24:49
  Speaker 4: get caught up in so many elements of those early
• 24:52
  Speaker 4: relationships and you're really learning about yourself. I want to
• 24:56
  Speaker 4: know how did you come to the choice of being
• 24:58
  Speaker 4: able to put your foot because I think a lot
• 25:01
  Speaker 4: of people have probably found themselves stuck in a similar
• 25:04
  Speaker 4: situation where they feel like the person that they're in
• 25:07
  Speaker 4: a relationship with is taking from them and not really
• 25:10
  Speaker 4: giving anything back. How did you put yourself first, because
• 25:15
  Speaker 4: I think sometimes that can be a really hard thing
• 25:17
  Speaker 4: to do.
• 25:18
  Speaker 5: I think the biggest part, like when I look back
• 25:20
  Speaker 5: at that, was that I knew I could move back home.
• 25:24
  Speaker 5: I do have to admit that something my dad has
• 25:26
  Speaker 5: always repeatedly told me since I was little, that you know,
• 25:29
  Speaker 5: it doesn't matter where you are, what you're doing. There's
• 25:31
  Speaker 5: food in the car, but there's a bed come home
• 25:33
  Speaker 5: like that. And that's something I've always and will continue
• 25:38
  Speaker 5: to say to my daughter. And I've had friends that
• 25:41
  Speaker 5: have had really bad relationships as well, and they get
• 25:44
  Speaker 5: themselves trapped in money cycles that they can't they don't
• 25:47
  Speaker 5: feel there safely can say I'm out. Yeah. Yeah, I
• 25:51
  Speaker 5: felt very much safe to say I'm out, Like I
• 25:53
  Speaker 5: knew I could restart. I knew I had someway safe
• 25:56
  Speaker 5: to go.
• 25:56
  Speaker 2: You knew it.
• 25:57
  Speaker 3: Only took a cup of tea with mum to get
• 25:58
  Speaker 3: back in the door and unpawer the car right.
• 26:01
  Speaker 5: Yeah, yeah, very much surprised my mother that day.
• 26:03
  Speaker 2: I was just like, surprise, it's me.
• 26:06
  Speaker 5: I'm back from memory. She actually jumped up and down.
• 26:09
  Speaker 5: I was expecting, honey, I have to explain, like, oh
• 26:12
  Speaker 5: my gosh, I've come back home with my tail between
• 26:15
  Speaker 5: my legs. She was just like, oh, excellent, Yes, when
• 26:17
  Speaker 5: are you coming home? And I said, I'll go get
• 26:19
  Speaker 5: the stuff out of my car and she was like
• 26:21
  Speaker 5: she's grabbing my laundry basket with me.
• 26:23
  Speaker 3: I wish everybody got to experience that type of love
• 26:27
  Speaker 3: and support, because, as somebody who has that, my parents
• 26:31
  Speaker 3: honestly would beg me do it be like.
• 26:33
  Speaker 2: Are you sure you don't want to come back home
• 26:34
  Speaker 2: Victoria while I was at.
• 26:35
  Speaker 3: UNI, like, I just feel like everybody deserves that, and
• 26:39
  Speaker 3: I know that not everybody in our community has that,
• 26:42
  Speaker 3: But you guys, come live with me.
• 26:43
  Speaker 2: It's all good. I'll take you in.
• 26:46
  Speaker 5: That was that, and I would love to explain to
• 26:49
  Speaker 5: any females it's a bit what you know. I hear
• 26:51
  Speaker 5: on your podcast regularly as well. Set yourselves up with
• 26:54
  Speaker 5: you a little bit of a kiddie. There's organizations out
• 26:57
  Speaker 5: there that are willing to help and get your set
• 26:59
  Speaker 5: back on the straight and narrow. I think if I
• 27:02
  Speaker 5: didn't have somewhere that day, I could understand why women
• 27:05
  Speaker 5: stay exactly where they are because of money.
• 27:08
  Speaker 4: That is like the best advice in the world. And
• 27:10
  Speaker 4: that's why we're so passionate about emergency funds. And yeah,
• 27:14
  Speaker 4: it's awesome to hear that at nineteen you had the
• 27:17
  Speaker 4: support network and everything that you needed, that you were
• 27:19
  Speaker 4: confident enough in yourself to be.
• 27:21
  Speaker 2: Like, hey, actually I deserve better. I can be a rebel,
• 27:24
  Speaker 2: but I know my parents will let me back in
• 27:25
  Speaker 2: the house.
• 27:27
  Speaker 5: Very much.
• 27:28
  Speaker 2: Yes, that is so special.
• 27:30
  Speaker 5: I just quickly want to say, like I've been I'm
• 27:32
  Speaker 5: just I made a few notes here, guys.
• 27:34
  Speaker 2: Oh go going back.
• 27:36
  Speaker 5: With my parents, Like the worker thick thing was always
• 27:39
  Speaker 5: throwing down my throat. You know, got to work hard,
• 27:40
  Speaker 5: you have to do all this stuff. I think to
• 27:43
  Speaker 5: a lot of their stuff. They weren't educated. Even today,
• 27:46
  Speaker 5: when I say to my mom about shares, she's starting
• 27:48
  Speaker 5: to come around and hear things, but she was like,
• 27:49
  Speaker 5: oh my god, you can't put money in the share market,
• 27:51
  Speaker 5: Like that's really risky. I don't think anyone for them
• 27:55
  Speaker 5: there was education for them to go seek. So they
• 27:58
  Speaker 5: did put their body on the line to work. Whereas
• 28:02
  Speaker 5: I will, hopefully and you guys will hopefully continue to
• 28:06
  Speaker 5: put younger generations into educating them for shares and savings
• 28:10
  Speaker 5: and stuff like that.
• 28:11
  Speaker 3: I will always, always, always advocate for it because it's
• 28:15
  Speaker 3: just to me, it's so powerful, Like it's powerful beyond
• 28:18
  Speaker 3: belief to know that women are supporting themselves. I think
• 28:23
  Speaker 3: for too long we haven't had access to the education
• 28:26
  Speaker 3: that we arguably deserve. It blows my mind that, you know,
• 28:30
  Speaker 3: even in primary school, we're not talking about having some
• 28:32
  Speaker 3: money at the side, or what it actually means to
• 28:34
  Speaker 3: pay tax or what it means to save. And it
• 28:37
  Speaker 3: just it blows my mind that that's not a common
• 28:40
  Speaker 3: narrative and it's one we're trying to change.
• 28:42
  Speaker 2: It's why she's on the money exists.
• 28:44
  Speaker 3: I just it overwhelms me that you know, women every
• 28:48
  Speaker 3: single week message us yes and say, oh my gosh,
• 28:51
  Speaker 3: Like I got to get out of this relationship where
• 28:53
  Speaker 3: I got to get out of this job, where I
• 28:55
  Speaker 3: got to change something about my circumstances that I didn't
• 28:58
  Speaker 3: want anymore because I did have money aside and I
• 29:01
  Speaker 3: could make that decision.
• 29:02
  Speaker 2: And three years ago I couldn't do that. And it
• 29:05
  Speaker 2: just blows my mind.
• 29:06
  Speaker 3: Once we get to be part of that, I'm never leaving, sorry, guys,
• 29:08
  Speaker 3: here to stay. But two, just that there's so much
• 29:11
  Speaker 3: power in education, Like just knowing that that's something you
• 29:15
  Speaker 3: can do. Imagine if you'd known that earlier. Like it's
• 29:18
  Speaker 3: just you know, we never look back on what we've
• 29:21
  Speaker 3: done in a bad way, but we always go, oh,
• 29:24
  Speaker 3: wish I'd known that earlier. But like, how cool is
• 29:27
  Speaker 3: it that we get to teach other women so that
• 29:29
  Speaker 3: they don't say that.
• 29:30
  Speaker 5: Well, that's true. And that's what I was trying to
• 29:32
  Speaker 5: say earlier too. With the business and that so many
• 29:35
  Speaker 5: people kind of go, oh my gosh, you're running a business.
• 29:39
  Speaker 5: There's so many pro Like the Internet today makes life
• 29:43
  Speaker 5: so much easier for a lot of people. Great, you've
• 29:46
  Speaker 5: got fair work sites, you've got the ato sites that like,
• 29:49
  Speaker 5: there's come hurdles in my time that I couldn't understand,
• 29:52
  Speaker 5: but you generally can google it and there will be
• 29:55
  Speaker 5: ten government websites explaining to you, you know what the
• 29:58
  Speaker 5: rules are, what you need to do. And when I've
• 30:01
  Speaker 5: got really stuck, there's helplines there that you ring with
• 30:03
  Speaker 5: the tax or ring with fair work and you say,
• 30:05
  Speaker 5: you know, what are my obligations here? How can I
• 30:07
  Speaker 5: do this, this and this, and someone will generally sit
• 30:10
  Speaker 5: down and explain it to you.
• 30:11
  Speaker 3: I love that advice as well, because I think it's
• 30:14
  Speaker 3: so important and like money Smart website, I'm obsessed with
• 30:17
  Speaker 3: it. It's free, it's got no bias because it's not from
• 30:20
  Speaker 3: a product. Guys like, go and educate yourselves. I think
• 30:24
  Speaker 3: a lot of us just assume we need to wait
• 30:25
  Speaker 3: until someone gives us permission to go and learn those things,
• 30:28
  Speaker 3: or tell us we're good enough to go into business
• 30:31
  Speaker 3: if that's what we want.
• 30:32
  Speaker 2: To do, but we don't need that permission. Go and
• 30:34
  Speaker 2: get it. Get it, queens. I love it.
• 30:37
  Speaker 5: Yeah, don't be afraid, just jump in and try it.
• 30:39
  Speaker 5: Like I said, the income we generate off the company,
• 30:42
  Speaker 5: it's still probably classified a smaller income. I'm assuming, but
• 30:46
  Speaker 5: doing stuff out on your own. I have a company car,
• 30:50
  Speaker 5: a company phone, there's all these different things rather than
• 30:53
  Speaker 5: working as an employee that you can find get as well.
• 30:56
  Speaker 3: Yeah, well we're going to have a whole hYP of
• 30:57
  Speaker 3: new business owners after that conversation in our community, aren't
• 31:00
  Speaker 3: we money Doros, thank you so much for sharing your story.
• 31:04
  Speaker 3: But Jess, as always, I think that is all we
• 31:07
  Speaker 3: have time for today.
• 31:08
  Speaker 2: So do you want to wrap the boring but important
• 31:10
  Speaker 2: stuff for us?
• 31:11
  Speaker 5: Yeah?
• 31:11
  Speaker 4: Don't forget, guys that the advice sheared on She's on
• 31:14
  Speaker 4: the Money is general in nature and does not consider
• 31:16
  Speaker 4: your individual circumstances. She's on the Money exists purely for
• 31:19
  Speaker 4: educational purposes and should not be relied upon to make
• 31:22
  Speaker 4: an investment or a financial decision. And we promise Victoria
• 31:26
  Speaker 4: Devine and She's on the Money are authorized representatives of
• 31:28
  Speaker 4: Infocused Securities Australia Proprietary Limited ABN four seven oh nine
• 31:33
  Speaker 4: seven seven nine seven O four nine AFSL two three
• 31:36
  Speaker 4: six five two three.
• 31:37
  Speaker 2: See you on Wednesday, guys. Bye,