September 22, 2024 • 40 mins
Today’s Money Diarist made a bold move, turning her life (and bank account) around! Feeling stuck in her job, she spotted a golden opportunity, took the leap, and built a side hustle that’s now bringing in some serious cash. She’s proof that with a little strategy and a lot of hustle, you can completely transform your financial future. Tune in for an inspiring, feel-good story that shows how hard work and a smart idea can lead to the life you’ve always dreamed of!
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
Order Kerni Whoalbury and a waddery woman. And before we
get started on She's on the Money podcast, I would
like to acknowledge the traditional custodians of the land of
which this podcast is recorded on a wondery country, acknowledging
the elders, the ancestors and the next generation coming through
(00:23):
as this podcast is about connecting, empowering, knowledge sharing and
the storytelling of you to make a difference for today
and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money, She's on the Money.
Speaker 2 (00:57):
Hello, and welcome to She's on the Money the podcast.
Pousi Millennials who want financial freedom. Welcome back to another
one of our money daries where I get the absolute
pleasure of sitting down and talking to one of our
incredible She's on the Money community members all about their
money story. Let's jump straight into it, because this week
I got an email and it sounded exactly like this,
(01:17):
Dear She's on the Money. Back in twenty fourteen, I
was making forty thousand dollars a year, living paycheck to
paycheck and had little understanding of financial basics, but I
did know that there was not much room for career
progression in sports and community reck. So I did a
complete one eighty and moved into project management in construction,
and I am now on ninety thousand dollars a year.
(01:40):
My husband has always worked in machinery and he had
noticed a gap in the market in our community. When
we were building our home, we realized we needed the machinery,
so why not just buy it ourselves and then hire
it out as a side business. I'm putting working nights
and weekends in, but it's worth it because this business
is projected to turn over four hundred thousand dollars in
(02:03):
its first year money Diarist, Does that give you a
little bit of wicklash? Like from forty thousand dollars a
year to our business turning over four hundred grand, Like,
b for real, that's so much money.
Speaker 4 (02:15):
It's pretty cool. And that's part of why I wrote
in because I was like, Oh, my gosh, this is
actually really incredible, and I kind of it was actually
really nice validating it for myself as well.
Speaker 2 (02:24):
Oh it's so cathartic, Like I think one of my
favorite things about money diaries. Is that reflection that the
diarists get and I can see it like and I
feel like our listeners can hear it as well. You
know when you go through a diary and at the
start they're like, yep, I'm here, and then we reflect
on their money story and what they're going through, and
at the end they're like, hey, I'm pretty cool, aren't I?
And I'm like, yes you are.
Speaker 4 (02:45):
Yeah. It's a nice moment of growth to actually think
about and be like, yes, we've done.
Speaker 2 (02:50):
Okay, let's do that together. Now, money diarist, what grade
would you give your money habits? If I asked you
to give them a grade from A through to F,
I would say A C, A C and she's turning
over four hundred grand. Okay, no worries. Let's learn a
little bit more. Money diarist, you started off making forty
thousand dollars a year. We don't have a lot of context.
Can you tell us a little bit more about your
(03:12):
money story?
Speaker 4 (03:13):
Yes, so, as I said so twenty fourteen, ten years ago,
I was out of UNI earning forty thousand a year,
and that was on a contract sort of basis. So
I went from job to job, living paycheck to paycheck.
I wasn't bought up around business or anything like that,
so didn't have a great understanding, I guess of how
(03:36):
to spend my money, how to save my money. Saving
money is also really hard on that amount as well.
Speaker 2 (03:44):
Yes, I say this all the time, and is it
not wild just to like buddy in here a little bit,
But isn't it wild that when you're earning forty thousand
dollars you probably still put so much pressure on yourself.
You're like, oh my god, I'm so bad with money.
I can't save, I can't invest. But we didn't look
at the bay of it, and that's that you don't
have the cash flow to support those things. Like you're
just doing the best that you can, but you're still
(04:06):
thinking that it's just because you're not good at it.
Speaker 4 (04:08):
Like what Yeah, absolutely, And that was that was something
that at the time, I, you know, it was like, oh,
I can't save, I am still living paycheck to paycheck.
My mom and dad, you know, gave me a loan
for a new car, those sorts of things. And then
now now sitting back and looking at it, I completely
understand and realized that for what I had, I did
(04:32):
well with that. But then when I made that sort
of switch to actually start saving and learn more, that's
what really changed for me.
Speaker 2 (04:41):
Yeah, it really upsets me when I speak to people
and they're like the like, I'm earning forty five thousand
dollars a year and I just I can't seem to
save or invest, like it's all beyond me. And I'm like,
I get that, but to be really blunt, with the
income that you have, life is expensive. There's not going
to be much wiggle room left. And as much as
(05:02):
that's not nice to hear, sometimes it's quite validating to
hear because you're like, oh, it's not me, Like, it's
not that I'm bad, it's something and so that we
just don't have that wiggle room, or we don't have
that cash flow, or that's actually just not going to
work for our current chapter of life, and that is
actually okay. I don't want people walking around feeling like
they're bad at something when the reality is you're doing
pretty good. And it was only on reflection that even
(05:24):
you said, actually I was doing pretty well for not
earning all that much.
Speaker 1 (05:29):
Yeah.
Speaker 4 (05:29):
Absolutely, And I was living in a metropolitan area at
the time. I was still visiting friends and family in
regional areas. So I still lived a really, really good life.
I didn't go without what I needed to. It was
just that I then had a moment where I turned
from I guess, different priorities and wanting to purchase a
(05:50):
house and wanting to get out of sharehousing. And that
was kind of the switch for me that made me realize,
you know, I had to make a few changes and
had something to work towards.
Speaker 2 (06:00):
And something had to change. Like you might have absolutely
loved working in you know, smorts and community wreck, but
at the end of the day, sometimes there are caps
on careers, and if money and finances are a really
big priority to you, you do have to sometimes do
a one ad. At what point did you come to
that realization you were like, I actually need a whole
(06:20):
new career, not just like to work harder at work.
Speaker 4 (06:23):
Yeah. Well, it was a couple of years ago now
just nearly two years ago, and I was talking to
my partner at the time, who's now my fiance state,
which is super exciting.
Speaker 2 (06:33):
The congrats I did see the ring thank you. She's cute.
Speaker 4 (06:37):
So I was kind of thinking, you know, we're wanting
to raise a family, we're wanting to start businesses, and
I came to the realization with the job and career
I had at the time, I wouldn't be able to
do those things the way I wanted to. So that
may work for other people and that's fantastic, but the
way we wanted to live our lives it wasn't going
(06:57):
to work. We then kind of that down and he
was often like, you know, you're fantastic at organizing things.
I've never seen someone with a checklist and a red
pen strike through a list like you do.
Speaker 2 (07:11):
I love that. That's like the biggest compliment.
Speaker 4 (07:13):
Yeah, it was. And I was like, actually, you know what,
I am good at that. Thank you. And he was like, well,
let's look at how you can make a career out
of that. And so project management was a sort of
a perfect fit. I guess I'd worked in management previously,
so a lot of like transferable skills that I could
bring across and then yet did a one eighty and
here we are.
Speaker 2 (07:33):
So what kind of study did you have to do
to get into project management? Because I feel like I
sometimes hear that people have these roles, but I'm like,
did you have to go to UNI? Did you have
to do a certificate like or did you just apply
for the job and be like, hey, did you see
that I crossed things off in red pen like what's
the career path there?
Speaker 4 (07:50):
So I was really lucky in that the company that
I'm now working for, they had in their ad we're
looking for project managers, but happy for people that are
looking for a change, and we're willing to train you.
Speaker 2 (08:02):
Oh how good is that?
Speaker 4 (08:04):
Yes? I jumped on it and submitted my application, had
a brief phone conversation which then actually ended up with
them saying, look, we've actually just employed someone with thirty
five years experience.
Speaker 2 (08:17):
Of course you have.
Speaker 4 (08:18):
And I was like, okay, that's understandable. I'll cop that.
Compete with that, it's definitely not. And they said, however,
we would like to offer you like an assistance sort
of role so that we can have you on board
and then train you up so that you can then
move into a full project management role.
Speaker 2 (08:34):
Oh how good is that? And you know what, like,
from my perspective looking at that, that maybe is even better. Oh.
Speaker 4 (08:39):
Absolutely so for me when I made the change, I
didn't have to take a pay cut, I worked less hours,
I didn't need to work weekends.
Speaker 2 (08:49):
How good is this? You're selling the dream.
Speaker 4 (08:51):
And I was then getting trained as well. So for me,
I'm enrolled in a diploma of project management. But there's
others here that have a certificate for in project management.
So I think the thing is that there's varying levels
of study. I think it's about finding the right company
and organization to take you on and train you where
(09:12):
you need it, because for me, the training on the
job is far more I guess beneficial than anything on
a piece of paper.
Speaker 2 (09:19):
I can attest to that, having been a chronic university gower,
I know so much more just from doing the work.
And like I know, he kind of feels like a
rock and hard place because you're like, yes, Victoria, but
I need the UNI degree to actually get in the door.
And that's often the case. But then there are things
like what you've just gone through, where they are willing
to train you and they are willing to go through it,
(09:40):
but you're not going to find it unless you're looking
like it's not going to jump out at you unless
you're like, hold on, like maybe this is something I
should have a look into. Because how I asked you
while you were still at your sports and community wrec job, Like, oh,
you could probably just find a job in project management.
They'll train you and you're like, not even have to
take a pay cut. You'd be like sure, Victoria, Sure, yeah, absolutely.
Speaker 4 (10:00):
And I think that was a big thing in that
we had those conversations realized, like I guess where our
values were and what was important to us, and then
we started looking.
Speaker 2 (10:10):
So yeah, how good. I love that so much. So
now tell me how old are you? What's your official
job title and how much money do you earn?
Speaker 4 (10:18):
So I am thirty two. Official job title is contract
administrator and I'm on ninety thousand dollars a year.
Speaker 2 (10:25):
Is that including or excluding superannuation?
Speaker 4 (10:28):
Excluding super?
Speaker 1 (10:28):
Oh?
Speaker 2 (10:29):
How good? So then it's like super on top. So girl,
you're basically on one hundred grand a year.
Speaker 4 (10:34):
Yeah.
Speaker 2 (10:34):
Oh we love to see it. So tell me a
bit more. So you've just gotten engaged. I peep are
very cute. Ring are your big money goals at the moment?
What are you currently working towards?
Speaker 4 (10:45):
So money goals at the moment for us, where the
main aim is to have multiple passive income streams. That's
that's the goal that will be broken down into a
couple of smaller steps. But that's our end goal.
Speaker 2 (11:01):
How exciting and what do you like? Do you have
specific goals for that or is that just like a
holistic our entire life is working towards it. Or do
we have like a list with some red pen that
we can cross off goals?
Speaker 4 (11:11):
Yes, so we have a full I guess, sort of
business plan that we're working towards.
Speaker 2 (11:16):
You've got a business plan for life as well. I
love this, not for life.
Speaker 4 (11:19):
That one's actual business business plan for business, no real
business plan for life. We're kind of it's just for us.
It's a matter of like looking at where we are
with work and then what we're wanting to get to
with business, and then how that all fits together.
Speaker 2 (11:35):
Adore, I love this so much. Let's go to a
really quick break on the flip side. I want to
ask so many more questions about this business. How the
heck you got it to be turning four hundred thousand
dollars over in the first year. I want to know
about investments, I want to know about debts, and I
feel like someone like you has some really good money habits.
So guys don't go anywhere, all right, We are back
(11:58):
and our money. Darist has gone from being on forty
thousand dollars a year to now being on ninety thousand
dollars a year, and in her first year in business,
is about to turn over four hundred thousand dollars money, Darist.
Can we dive straight in to investments? So when you
were earning forty thousand dollars was only two years ago.
I'm assuming that investments felt pretty far off. But was
(12:20):
that something that you spoke about or thought about or
what did that look like? And now what does it
look like today?
Speaker 4 (12:27):
Investment was always something that I thought was this, I
guess grand dream that I could never afford. It was
as simple as that. I just didn't think that that
was possible. I then purchased my first house on my own,
which was amazing.
Speaker 2 (12:42):
Oh my god, No, you did it, Yeah I did.
Speaker 4 (12:45):
Now you bought your first hold on what was your
salary when you bought your first house? It would have
been around sixty sixty five Holy moly.
Speaker 2 (12:58):
So you're just like, by the way, I'm duying my
own house and I'm on sixty five grand. That is iconic.
Speaker 4 (13:04):
Yeah, I share house for a long time.
Speaker 2 (13:06):
Of course, sacrifice is what makes these things happen.
Speaker 4 (13:09):
Yes, so I made the most of it. I worked
really hard to put everything aside that I could, and
then happened to find the perfect little home just before
the COVID chaos, which was fantastic. So I was able
to get in there. Since then met my now partner,
and that first home is now a beautiful investment. So
(13:32):
that's my first actual investment, is my home.
Speaker 2 (13:36):
Okay, nice, what a little dream. I love that, So
tell me a bit more. I've got to be a pervy,
Like buying your first home is hard enough. You did
it earning sixty five grand? Did you have a guaranteur?
Did you you know, have somebody who taught you how
to get into property? Did you have to save up
a twenty percent deposit?
Speaker 4 (13:53):
Like?
Speaker 2 (13:54):
I need to know the nitty gritty how'd you get in?
Speaker 4 (13:56):
So I went to my local bank and spoke them
about first home buy scheme at the time, so I
was able to get in with less than twenty percent deposit.
I did have the full twenty percent deposit available.
Speaker 2 (14:11):
Of course you did. You're saying that, Oh No, when
I earned last I didn't. I wasn't able to invest
or safe girl, you were you were. You're deceiving us.
You're really good at money, won't you?
Speaker 4 (14:20):
I wasn't. I wasn't, And then I became. I became
more aware and I learned the tricks along the way.
So I yeah, went to my bank and they were
able to offer a first home buy scheme, which meant
I didn't have to put in the twenty percent deposit,
but still didn't have to pay lender's mortgage insurance. So
the bank manager, she calls herself my local mum because
(14:46):
my family lived ten hours away.
Speaker 2 (14:48):
That's so sweet, and.
Speaker 4 (14:49):
I remember the first meeting with her. She was like, no,
we are not letting you pay lender's mortgage insurance. We
will apply for the first home buy scheme. We will
make sure you do this right. And that's how I
did it. What an I can't the additional money that
I had, which would have been the twenty percent deposit,
I then, over two to three years, put some of
that into renovations and increasing the value of the home,
(15:13):
so icon it it's increased nearly two hundred thousand, nor
what has ever three years?
Speaker 2 (15:20):
So tell me how much did you purchase your first
home for? What's it worth?
Speaker 4 (15:23):
Now it was three hundred and fifty six thousand.
Speaker 2 (15:26):
Three fifty six and then it's now worth like five
fifty six. Oh my gosh. And how much is left
on your mortgage that one.
Speaker 4 (15:33):
I've got around two hundred and ninety left on that mortgage.
Speaker 2 (15:38):
Isn't that insane? You've got so much equity now.
Speaker 4 (15:40):
Yes, so so much. So it's just that.
Speaker 2 (15:42):
Equation that is so cool.
Speaker 4 (15:45):
Yeah, ready for even when we ever need it.
Speaker 2 (15:47):
Oh my gosh. I'm so excited for you because it
just everything works out when you start to just care
about your finances like this is really empowering because I
think so many times when you're you know, you're just
a girl, you're earning seventy grand which is a really
normal income, and you just feel like nothing's possible, and
then you hear stories like this coming out of our community.
You did that on your own. You hadn't even met
(16:09):
your partner yet, and you were like, Nope, I'm going
to buy myrin home. I'm going to make sure I
go through these situations. And I mean, as you know already,
I own a mortgage broken company called Zella Money, and
we do this every day. So, like I know, it's possible,
but so many times we meet with people they're like, Oh,
I just I don't know if it's going to work
for me. Like this, Money Diarist has not only worked
(16:29):
out how to get into her own home, she's unlocked
a heap of equity. If she sold it over the
last two years, she would have made more than two
hundred thousand dollars, having started on a salary of sixty grand.
Like that is wild and so so cool to me,
Money Diarist, Let's get a little bit further into it.
Do you invest in any other way or is it
(16:50):
just property at this point? What are your thoughts on it?
Is there a plan for the future or is it
all about business at the moment?
Speaker 4 (16:56):
So no other investments at this stage. We have just
built our first time together. So at the moment, yeah,
first home is our investment. I have a whole lot
of analysis paralysis with actual investing. I have to admit it.
That is my next I guess personal goal is to
look at that further.
Speaker 2 (17:17):
Our investing masterclass is about to drop on the thirtieth
of September, so I'm going to give that to you
and then there's no excuses like I'm going to teach
you absolutely everything, because it sounds like you've got property down, Pat,
but the investing side of things, Oh my gosh, I
can't wait ten years from now you are going to
be running rings around literally everybody.
Speaker 4 (17:36):
Thank you. That is yeah, that's my personal goal is
just to get that part. I guess down, Pat. I
just it's it's always been too much like I haven't
known sort of, I guess where to start. I've you know,
opened a tab and started reading and it's still open
on my phone. So that's that's the next thing.
Speaker 1 (17:54):
I know.
Speaker 2 (17:54):
Analysis paralysis is the worst, right and then you think
you're about to pull the trigger, and then someone meant
something and you're like, oh, what does that mean? I
need to start again? And as women, we just don't
trust our intuition enough sometimes to just dive in and
get started. I think you're gonna love it. I'm just
I feel like our stars are aligned, like we're talking
at the perfect time for you to then start the
(18:16):
investing masterclass on the thirtieth with us, which is really exciting.
But for everybody listening, obviously, I'll put a discount code
in the show notes to make sure that you don't
miss out. Either. I'm so excited about that. For you,
tell me a bit more. Do you have any other debts?
Speaker 4 (18:30):
So for us, it's just first home, the home we've
just built. And then my partner has a debt on
his vehicle and that is it. Sorry, and one machine,
one machine has a debt as well.
Speaker 2 (18:45):
Yes, sorry, all right, Well, tell me a little bit
more about this home that you're building. What kind of
block size is it? How much have you spent on it?
Like what type of mortgages you got? Like, I'm just
so pervy, and it is literally a privileged to be
able to ask someone will the perfume money questions that
you'd never ask them if you met them at the shops.
Speaker 4 (19:03):
No, I love it, and I'm all for it because
it's actually really cool and I'm really like we're in
a fantastic position that we've both worked really hard to
be in. So where we've just built is a twenty
seven hundred square meter.
Speaker 2 (19:15):
Block, Okay, how exciting.
Speaker 4 (19:18):
It is very exciting. However, there is a lot of
mowing to be done on a block that size, and
a lot of vacuuming to be done on a house
that's three hundred and forty square meters.
Speaker 2 (19:29):
Do you know what's so funny? You just said that
your house is three hundred and forty square meters and
my entire block, like my house is on four hundred
square meters. Like that's the that's the land size, babe.
That's insane to me. How cool you're mowing my entire block?
Speaker 4 (19:45):
Yeah? Yes, so like my first home actually fits square
meter wise, fits in the middle center of our house,
of our new house.
Speaker 2 (19:55):
Isn't it so funny? So tell me more about this.
So you've got this beautiful, big block of land and
you're building your home, Like, how are you funding this?
Speaker 4 (20:03):
So my partner had amount of cash to put in,
so we've done that, and then we have a five
hundred thousand dollars mortgage for that property.
Speaker 2 (20:13):
Oh my gosh, why is it only five hundred thousand
dollars for twenty seven Like you've got to give me
more context here, Like.
Speaker 4 (20:20):
We were able to put so much in that that's
all we needed.
Speaker 2 (20:24):
What what's it worth?
Speaker 4 (20:25):
So we're waiting for final valuation. We are living in there,
which is amazing, but it's looking like it'll be valued
at one point four.
Speaker 2 (20:34):
Sorry, there's a bit of context missing here. So when
you say my partner had a little bit of cash, Like,
what do you mean a little bit?
Speaker 4 (20:41):
So he sold his previous house and all of that
went straight straight this new one. Yeah.
Speaker 2 (20:47):
Oh my gosh, she's marrying rich guys.
Speaker 4 (20:50):
No, I'm just marrying a beautiful man.
Speaker 2 (20:53):
How good is that? I'm obviously joking, but it is
so cool how this is all just working out for you.
So tell me more about this business, because you mentioned
we have a machine and it has some debt on it. Obviously,
when you were building your home you realized that the
machinery was necessary. Why not purchase it? Why not then
lease it out after? Is this like, you know, a
(21:14):
twenty dollar wheelbarrow from Buddings Or is this like, you know,
a whole digger? Is this a crane? I don't know.
You've got to tell me more about how this works
and then how you worked out that you could lease
it out.
Speaker 4 (21:23):
Yep. So when we first started designing the house and
obviously a big block, we were like, well, there's a
lot of landscaping that's going to need to be done,
and we were like, well, we'll do that ourselves. At
the time, his brother and his wife were also building
on a large block and his parents were also building
(21:45):
on a large block.
Speaker 2 (21:46):
Oh god, so much construction. And you wouldn't be short
for conversation at family dinner, would you.
Speaker 4 (21:51):
Oh yeah, we will be shortly. We actually joke about
what we're all going to talk about in six months
time when everyone's done building.
Speaker 2 (21:57):
Oh, you guys will find another projects guarantee it.
Speaker 4 (22:01):
Yes, definitely. So yeah, we looked at it and we thought,
you know, were between just the three of us building
and you know, needing to hire a digger to do
some earthworks or a skid steer to do something else.
We were like, hang on, this is really really expensive
in town, and if we do that and say we
need it. We worked it out over a certain number
(22:23):
of weekends and what it would come to, and we
were like, why don't we just buy one? So again,
there was some money from the sale of my partner's house,
so we actually paid cash for our first machine.
Speaker 2 (22:36):
How much does a machine cost?
Speaker 4 (22:38):
So that was a mini excavator, so a brand new
Caterpillar excavator, and that one, at the time I believe
was forty thousand, and then it was about eleven thousand.
Then for the trailer.
Speaker 2 (22:52):
Yeah, okay, and so you need the trailer of the
UC to move the excavator, yes, so to.
Speaker 4 (22:58):
Move it around. We we did buy a more expensive
trailer because you could just buy a plant trailer where
you can just drive your machine on and that's all
its purpose is. However, we went for a different trailer
that was say, a tiper trailer, so that people can
also use it for soil, which you offer.
Speaker 2 (23:16):
He's a smart cookie, so you can move the stuff
that you excavated.
Speaker 4 (23:21):
Correct, And you can also hire that trailer out as
its own asset, whereas no one really needs to just
borrow a plant trailer on its own, but someone wanting
to do some gardening can hire a trailer.
Speaker 2 (23:33):
I see the vision. I get it. So you've essentially
invested fifty one thousand dollars in this trailer and this excavator,
and I'm assuming you've used it. Partner's parents have used it,
other family members have used it, and now you're hiring
it out. What does that look like? Do you advertise
it online or is this a word of mouthing or like?
How does that work? How does it go from we
(23:55):
bought this fancy thing to other people are paying you
for it?
Speaker 4 (23:58):
Yeah? So it did just start out with social media
advertising locally, we put some signage on the trailer and
on the machine, and it just kind of went from there.
We've actually stopped advertising for it at the moment because
the second part of the business is labor Higher, which
we've got my partner employed through so he's out of
(24:20):
town a lot with that. So we've actually stopped advertising
the equipment higher because we're getting enough with it to
cover the repayments on our second machine.
Speaker 2 (24:32):
Okay, I love this. And what does it look like
in the future. I know you said earlier on the
other half of this episode, we have a business plan.
What does that look like?
Speaker 4 (24:41):
So for us, I guess you know, more machinery, bigger
machinery definitely is the plan to do that. We need
a shed to store it all. So our first sort
of goal at the moment is to open a second
business with a workshop so we can do I guess
heavy vehicle workshop, which also means that the machinery we
(25:03):
have can be serviced.
Speaker 2 (25:04):
Yeah, okay, you guys are thinking smart. It's not like
so I thought you would say. So we're building a
shed on our twenty seven hundred square meter block and
I would be like, okay, smart girl, but she's going
further than that. You've really really thought about this?
Speaker 4 (25:19):
Yeah, we have thought about it, and we have a
really clear vision of where we want to end up.
So essentially we're looking at the moment at shared rentals
in the town we're in so that we can have
a start, and then pending those first twelve months, then
we would either look to them build a shed or
(25:39):
then start like a second stream.
Speaker 2 (25:41):
Again, how cool are you? I love this? And so
over the last like twelve months, you've built this up
and now it's projected to turn over four hundred thousand dollars.
Can it be real, pervy? How much of that is profit?
So majority of that very nicey nice.
Speaker 4 (26:00):
I don't have the like percentages with me, which I should,
and I definitely don't. So that is from so as
I said, we've got the two streams with plant higher
and then also labor higher. So the vast majority of
that has come from labor higher. But we made the
call and I guess the sacrifice to add that in
rather than my partner being on a wage working for
(26:22):
someone else, it's far easier when it's your own name
on your shirt. To put in the hours, oh.
Speaker 2 (26:28):
One hundred percent. And also sometimes you've got to do
the dirty work yourself, like you've just got to start
from scratch instead of hiring someone else and trying to
manage it. Well, he's got a full time job. It's
going to be so much easier at a scale, which
is so exciting. So is the plan for that to scale?
And maybe you not working your ninety thousand dollars project
management job.
Speaker 4 (26:48):
This is and this is very very, very big picture
and I don't normally put big picture out to the
world until I know what's going to happen.
Speaker 2 (26:54):
So we're manifesting it. We're manifesting it.
Speaker 4 (26:56):
We are so big picture would be that we have
enough machinery that we could potentially, you know, start a
sort of a civil branch and having that would need
a project manager.
Speaker 2 (27:07):
It would it would need your skills.
Speaker 4 (27:09):
Yes, so that's sort of I guess how we'd integrate
my skills into them coming full time into the business.
Speaker 2 (27:14):
Oh my gosh, I'm so excited. But I also know
your skills are already being utilized in the business, Like
you need someone who can organize everything, like even just
down to when it's hired out when it's not hired out,
the like the facilities, getting it organized to be serviced,
like all of that stuff. I'm pretty sure you're in
charge of that, aren't you.
Speaker 4 (27:33):
Yes, I am, so. I do all of that before
and after my I guess nine.
Speaker 2 (27:38):
To five full time job, so she's working two jobs.
Speaker 4 (27:41):
Yeah, so I, yeah, work full time. I do on
and off hire of machinery before and after work, so
you know, I might be doing it on hire at
six point thirty or seven o'clock in the morning, getting
that out and then coming to work the end of
the day, then finishing work, going doing off high, getting
it back, making sure it's clean field, et cetera. And
(28:03):
then I go home and manage our finances and you know.
Speaker 2 (28:07):
Pay bills and uh dinner.
Speaker 4 (28:09):
Yeah that the last six months, I've learned about payroll.
I've learned about superinnuation and how to pay that. So
lots of little things within that I've learned how to do.
Speaker 2 (28:21):
My Baz, how good. I'm so proud of you, But
also look at how hard you're working to create this
like epic level of financial freedom that you guys will
have in the future. Like I cannot wait, please, message
me and be like, the my business is now turning
over a million dollars, Like I know it's coming. It's
just going to be a short period of time before
that happens. So I'm waiting for the message years go yes,
(28:43):
how good. I'm so excited for you. I feel like
you've got all of your ducks in a row. Tell me,
what do you think your best money habit is?
Speaker 4 (28:51):
I think, honestly, for me, it's being across what's coming
in and what's going out. So I'm very old school
in that I will actually sit down, I will look
at everything. I have finally set up my direct debits
to have bills just coming out automatically, so that is good.
But I do still have a sit down and look
(29:12):
at everything and where we're up to. I sort of
sit my partner down and go, right, it's finance date night.
This is where we're at, this is what's going on.
He's like, perfect, We're good for another few weeks. We'll
chat about it. Then.
Speaker 2 (29:24):
I love that. I love that so much. What's your
bad money havebit? Then? Is there one that you're like?
This one always gets me.
Speaker 4 (29:31):
I don't know if it's a bad habit. I think
the investment part. For me, I really want to get
on top of that. So for me, that's a bad
habit in that I haven't started it to let it
become a good habit.
Speaker 2 (29:43):
Oh that is so easy, and honestly, I've just fixed it.
So like we are immediately in a plus because of that,
thank you.
Speaker 4 (29:50):
But for me, I guess it's important for me to,
you know, go and enjoy a coffee or brunch and
take myself out and do those things. So I guess
the worst habit would be that I do that once
and then I'm like, oh, yeah, we should definitely do
this more often. And then I'm like, wait a second,
let's reule this back in and make it something to
enjoy rather than just spending that money.
Speaker 2 (30:12):
But also, look at the life you're building that's going
to afford more coffees out more often. Like your lifestyle
can also scale. I mean, we always talk about lifestyle creep,
and that's really important to get a hold of if
it's not in line with your values and you're not
happy with it. But like when you earn more money
and you're working as hard as you do, I do
think that we deserve to enjoy it. I think that
(30:33):
we need to enjoy the journey, not just becoming rich
or not just becoming you know, the destination, Like if
you've got that free cash flow, like you don't work
as hard as you do to not enjoy life.
Speaker 4 (30:43):
Yeah, that would probably be my worst habit. Actually, now
i'm thinking about it, is that I probably don't enjoy
it enough for what I could. I think you know,
as you say, we both have worked really really hard.
We're putting in the hours, and I think it's nice
to actually like, I actually, you know what, No, we
do deserve to spend that money on us.
Speaker 2 (31:03):
That's like a stereotypical small business owner journey. And it's
taken me many years to be able to step back
and go, look what we've done. That's really cool and
celebrate it because I think that a lot of business
owners we work so hard and we put so much
pressure on ourselves that even though it's an achievement, it
actually feels like a weightlifted. So like when something happens
(31:25):
and you're like, oh, finally that happened or I achieved this,
you just feel light and you're like, okay, cool, I've
got to carry on though, because there's some more stuff
to do, and we don't give ourselves credit. And I
think that it is smart to integrate celebration into that
and go all right, well, maybe we should go out
for a fancy dinner, or maybe we should you know,
treat ourselves or set something up that's a goal that
(31:45):
we're looking forward to. That's not a business goal because
we have something to work towards and give ourselves a
little bit of a break, but toxic small business owner
things which I can definitely relate to my friend.
Speaker 4 (31:56):
It's nice to hear that that is not just me,
because it is all very, very very you to me.
Speaker 2 (32:00):
So oh no, for years I didn't celebrate it. And
it's not because I wasn't grateful. I was really grateful,
but you just feel so overwhelmed and you just feel
like there's so much more to do, and like that's
great because I'm so motivated, but I just feel like,
oh my gosh, I'm glad that that's over. Or you know,
I remember winning an award in the next morning being
like okay, cool, Like I should go back to work
(32:21):
and my team will like that's so cool, and I
was like yep, yep, but I've got stuff to do,
and then they're like, why don't you care? And I
was like, it's not that I don't care, it's that
I'm stressed because I feel like this adds more pressure,
Like the bigger I get, the more that I grow,
the more that I feel like I have to prove myself.
And that's not the case, right. The more I grow,
the more I should feel safe in what I've built.
(32:42):
But I think especially as women, we just put more
and more pressure on ourselves and we go, oh my gosh,
Now I set this expectation that I did win this,
that people are going to expect more from me, or
you know, now I have a turnover of four hundred
thousand dollars, well next year. It would be really disappointing
if it was less like we're just not good at
celebrating ourselves and how if that can be?
Speaker 4 (33:01):
Yeah, that is me. So that is that's myt it together.
Speaker 2 (33:04):
I'll be I'll be your founder friend and we can
we can celebrate our successes together.
Speaker 4 (33:09):
And I think I think it's important to It's the
same as I guess reflecting on where we've been and
where we are now in that you know, it is amazing.
It is something to celebrate and be proud of as well.
Speaker 2 (33:20):
I feel like it can also be a sidetrack founder conversation,
but it can also be really challenging if you're experiencing
this in isolation. So I am assuming that this is
you know, you said in your money story, I didn't
grow up around business. This isn't something that my parents had,
and I'm assuming that not many of your friends have
started businesses. It is really inspiring, your friends are really
(33:44):
happy for you, but it can be really challenging when
you're like, oh, wow, like I've got a business that's
turning over four hundred thousand dollars. I'm probably not going
to mention that at brunch because it's unrelatable, and you know,
there are these pain points that you'd love to chat
about with somebody, but also you feel bad because you're
friend has just said, oh my god, mortgage payments are
really really overwhelming, and you're like, oh, I'm just trying
(34:04):
to work out how to pay super or I'm trying
to work out how to do my best or you know,
I just I've finally worked out payroll, like these are
things that I struggled with. Because you want to talk
about how well you're doing but not in a gloating way.
I want to talk about it because I've got stuff
to do and maybe I'm not doing this as well
as I could. But often in a friendship group that
doesn't have similar experiences, you can feel really like, oh,
(34:27):
they're going to think that I'm gloating when in the reality,
like the reality of the situation is I just need help.
I just want to vent. This is really stressful. But
because there's so much money often involved, you're like, this
is really stressful, but they're not going to appreciate that.
I'm not, you know, grateful for that.
Speaker 4 (34:42):
It is. It's very, very, very difficult, and it is
a challenge that I have found obviously the last sort
of six months or so, and it is, you know,
conversations that my friends might be having are around you know,
what their toddlers are up to, and what sicknesses are
coming home from daycare and how they're dating.
Speaker 2 (35:00):
Like, ah, this isn't relatable to me.
Speaker 4 (35:02):
Oh, I'm like, I don't have kids, but can you
teach me how to pay someone?
Speaker 2 (35:06):
Yes?
Speaker 4 (35:07):
Please? I'm like, So it is very difficult and it
is isolating, and I guess I'm not really sure, or
I guess what's out there in terms of support around that.
Speaker 2 (35:18):
And the Business Bible community. My friend, I'm going to
revive that at some point in the near future because
we've just finished with our investing masterclass, but like, this
is the support that should be coming out of the
Business Bible community where you can be like, hey, is
there anyone who kind of wants to be my accountability buddy?
And you can text them and be like you got
a payroll and they'll be like yes, are you got
at super and you'll be like yes, be like cool,
(35:39):
let's jump on zoom.
Speaker 4 (35:40):
Yeah, that's what we need, especially as women. I think
we need that in whether it's metropolitan or regional areas,
regardless of where we're located. I think that's something that
we need and to be around, I guess, and just
having conversations with other women that are out there absolutely
smashing it in business that would be really really you're
reviving I guess for me as well in that you
(36:02):
know what, Yes, we're all tired, but we can sit
and whine about it over a wine and that's okay
one hundred percent.
Speaker 2 (36:08):
I feel like, sometimes, you know, I'll be like, oh,
I'm so exhausted today, and then I'll be like, oh,
probably shouldn't say that, because like, I'm grateful for where
I am, but at the same time, like I am
genuinely tiger, Like we all need a nap sometime. Yes, definitely,
Money Diarist, You've just told us this epic story, Like
it started with you making forty grand a year, realizing
(36:29):
that that wasn't working. Then it got better and you
were like, oh, I'm going to get this job earn
ninety grand a year. Then I find out that's plus
stuper and it's one hundred grand a year. Then I
find out you're a genius and you've basically organized this business.
You're turning over four hundred grand, your goal is to
turn over a million next year. You're working everything out
on your own. You do live regionally, which makes it
even harder. You bought your first property earning sixty five grand.
(36:50):
There's just so much about you that I'm so impressed by.
Speaker 3 (36:54):
You.
Speaker 2 (36:54):
Literally think that your worst money habit is that you
don't know how to invest properly yet Yet you've built
a business and you have more than two hundred thousand
dollars equity in your first property. That you bought as
a single female, Like you told me that you were
a C I did. Are we gonna revisit that together
or are we gonna sweep it under the rug?
Speaker 4 (37:13):
Like?
Speaker 2 (37:14):
What are we doing about that C? Because now that
people have listened to this, they're gonna be like that
money darist full of shit.
Speaker 4 (37:22):
Okay, let's I would settle with a B, maybe a
B plus?
Speaker 2 (37:26):
What would make you an A plus? Like, I'm happy
for you to be whoever you want to be. I'm
never gonna argue, but I'm also gonna question it, But like,
what do you have to do to get to an
A plus? Because from my perspective, you're killing it?
Speaker 4 (37:37):
Yeah. I think for me, like, obviously, if I can
get investing down pat and have that happening, that for me,
that would get me to an A. To have that
part there and be on top of it, that would
be my A. To get me to an AA plus
would be having two businesses up and running.
Speaker 2 (37:55):
Oh no, biggie, yeah no, biggie, no pressure. I really
like that. Just really small.
Speaker 4 (38:01):
Steps, small steps, baby steps.
Speaker 2 (38:03):
Yes, I love that, But I also love that to
get to the A is really achievable and really easy
and it's just about education and that's actually not going
to cost anything. So that is very cool, and I'm
very excited that I get to be on that journey
with you, money Diarist. This has been honestly a pleasure.
I'm so excited. It is one reinvigorated my excitement for
you know, celebrating small business owners and helping them, and
(38:26):
you know, it reminds me. I have a book coming
out in November called The Business Bible, literally because I'm
so wildly passionate about this, and I know that that
is hopefully going to reinvigorate our community and like remind
people why we're here. But I just have a lot
to do in this space, and you have motivated me
to like dive back in and go, all right, small
business owners, what are we going to do? How can
(38:47):
I support you? Because these are the conversations we need
to be having. And you know what, our friends don't
want to hear it sometimes, and that is actually fine,
but sometimes we need to hear from a group of
people who are like, all right, tell me about bass
and I'd be like, oh my gosh, bane of my
existence and this is why, and you go, oh, totally relatable.
(39:07):
So Money host. It has been a pleasure. Thank you
so much for joining me. I do hope that our
paths cross at some point in the future. I know
they will, and when you're turning over a million dollars,
please message me. We need to know.
Speaker 4 (39:18):
It absolutely will and I look forward to doing.
Speaker 2 (39:20):
That, adore. Thank you so much. The advice shared on
She's on the Money is general in nature and does
not consider your individual circumstances. She's on the Money exists
purely for educational purposes and should not be relied upon
to make an investment or financial decision. If you do
(39:43):
choose to buy a financial product, read the PDS TMD
and obtain appropriate financial advice tailored towards your needs. Victoria
Divine and She's on the Money are authorized representatives of
Money showper Pty Ltd ABN three two one six, four nine,
two seven and seven zero eight a f s L
four five one two eight nine
Hello, my name's Santasha Nabananga Bamblet. I'm a proud Order
Order Kerni Whoalbury and a waddery woman. And before we
get started on She's on the Money podcast, I would
like to acknowledge the traditional custodians of the land of
which this podcast is recorded on a wondery country, acknowledging
the elders, the ancestors and the next generation coming through
(00:23):
as this podcast is about connecting, empowering, knowledge sharing and
the storytelling of you to make a difference for today
and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money, She's on the Money.
Speaker 2 (00:57):
Hello, and welcome to She's on the Money the podcast.
Pousi Millennials who want financial freedom. Welcome back to another
one of our money daries where I get the absolute
pleasure of sitting down and talking to one of our
incredible She's on the Money community members all about their
money story. Let's jump straight into it, because this week
I got an email and it sounded exactly like this,
(01:17):
Dear She's on the Money. Back in twenty fourteen, I
was making forty thousand dollars a year, living paycheck to
paycheck and had little understanding of financial basics, but I
did know that there was not much room for career
progression in sports and community reck. So I did a
complete one eighty and moved into project management in construction,
and I am now on ninety thousand dollars a year.
(01:40):
My husband has always worked in machinery and he had
noticed a gap in the market in our community. When
we were building our home, we realized we needed the machinery,
so why not just buy it ourselves and then hire
it out as a side business. I'm putting working nights
and weekends in, but it's worth it because this business
is projected to turn over four hundred thousand dollars in
(02:03):
its first year money Diarist, Does that give you a
little bit of wicklash? Like from forty thousand dollars a
year to our business turning over four hundred grand, Like,
b for real, that's so much money.
Speaker 4 (02:15):
It's pretty cool. And that's part of why I wrote
in because I was like, Oh, my gosh, this is
actually really incredible, and I kind of it was actually
really nice validating it for myself as well.
Speaker 2 (02:24):
Oh it's so cathartic, Like I think one of my
favorite things about money diaries. Is that reflection that the
diarists get and I can see it like and I
feel like our listeners can hear it as well. You
know when you go through a diary and at the
start they're like, yep, I'm here, and then we reflect
on their money story and what they're going through, and
at the end they're like, hey, I'm pretty cool, aren't I?
And I'm like, yes you are.
Speaker 4 (02:45):
Yeah. It's a nice moment of growth to actually think
about and be like, yes, we've done.
Speaker 2 (02:50):
Okay, let's do that together. Now, money diarist, what grade
would you give your money habits? If I asked you
to give them a grade from A through to F,
I would say A C, A C and she's turning
over four hundred grand. Okay, no worries. Let's learn a
little bit more. Money diarist, you started off making forty
thousand dollars a year. We don't have a lot of context.
Can you tell us a little bit more about your
(03:12):
money story?
Speaker 4 (03:13):
Yes, so, as I said so twenty fourteen, ten years ago,
I was out of UNI earning forty thousand a year,
and that was on a contract sort of basis. So
I went from job to job, living paycheck to paycheck.
I wasn't bought up around business or anything like that,
so didn't have a great understanding, I guess of how
(03:36):
to spend my money, how to save my money. Saving
money is also really hard on that amount as well.
Speaker 2 (03:44):
Yes, I say this all the time, and is it
not wild just to like buddy in here a little bit,
But isn't it wild that when you're earning forty thousand
dollars you probably still put so much pressure on yourself.
You're like, oh my god, I'm so bad with money.
I can't save, I can't invest. But we didn't look
at the bay of it, and that's that you don't
have the cash flow to support those things. Like you're
just doing the best that you can, but you're still
(04:06):
thinking that it's just because you're not good at it.
Speaker 4 (04:08):
Like what Yeah, absolutely, And that was that was something
that at the time, I, you know, it was like, oh,
I can't save, I am still living paycheck to paycheck.
My mom and dad, you know, gave me a loan
for a new car, those sorts of things. And then
now now sitting back and looking at it, I completely
understand and realized that for what I had, I did
(04:32):
well with that. But then when I made that sort
of switch to actually start saving and learn more, that's
what really changed for me.
Speaker 2 (04:41):
Yeah, it really upsets me when I speak to people
and they're like the like, I'm earning forty five thousand
dollars a year and I just I can't seem to
save or invest, like it's all beyond me. And I'm like,
I get that, but to be really blunt, with the
income that you have, life is expensive. There's not going
to be much wiggle room left. And as much as
(05:02):
that's not nice to hear, sometimes it's quite validating to
hear because you're like, oh, it's not me, Like, it's
not that I'm bad, it's something and so that we
just don't have that wiggle room, or we don't have
that cash flow, or that's actually just not going to
work for our current chapter of life, and that is
actually okay. I don't want people walking around feeling like
they're bad at something when the reality is you're doing
pretty good. And it was only on reflection that even
(05:24):
you said, actually I was doing pretty well for not
earning all that much.
Speaker 1 (05:29):
Yeah.
Speaker 4 (05:29):
Absolutely, And I was living in a metropolitan area at
the time. I was still visiting friends and family in
regional areas. So I still lived a really, really good life.
I didn't go without what I needed to. It was
just that I then had a moment where I turned
from I guess, different priorities and wanting to purchase a
(05:50):
house and wanting to get out of sharehousing. And that
was kind of the switch for me that made me realize,
you know, I had to make a few changes and
had something to work towards.
Speaker 2 (06:00):
And something had to change. Like you might have absolutely
loved working in you know, smorts and community wreck, but
at the end of the day, sometimes there are caps
on careers, and if money and finances are a really
big priority to you, you do have to sometimes do
a one ad. At what point did you come to
that realization you were like, I actually need a whole
(06:20):
new career, not just like to work harder at work.
Speaker 4 (06:23):
Yeah. Well, it was a couple of years ago now
just nearly two years ago, and I was talking to
my partner at the time, who's now my fiance state,
which is super exciting.
Speaker 2 (06:33):
The congrats I did see the ring thank you. She's cute.
Speaker 4 (06:37):
So I was kind of thinking, you know, we're wanting
to raise a family, we're wanting to start businesses, and
I came to the realization with the job and career
I had at the time, I wouldn't be able to
do those things the way I wanted to. So that
may work for other people and that's fantastic, but the
way we wanted to live our lives it wasn't going
(06:57):
to work. We then kind of that down and he
was often like, you know, you're fantastic at organizing things.
I've never seen someone with a checklist and a red
pen strike through a list like you do.
Speaker 2 (07:11):
I love that. That's like the biggest compliment.
Speaker 4 (07:13):
Yeah, it was. And I was like, actually, you know what,
I am good at that. Thank you. And he was like, well,
let's look at how you can make a career out
of that. And so project management was a sort of
a perfect fit. I guess I'd worked in management previously,
so a lot of like transferable skills that I could
bring across and then yet did a one eighty and
here we are.
Speaker 2 (07:33):
So what kind of study did you have to do
to get into project management? Because I feel like I
sometimes hear that people have these roles, but I'm like,
did you have to go to UNI? Did you have
to do a certificate like or did you just apply
for the job and be like, hey, did you see
that I crossed things off in red pen like what's
the career path there?
Speaker 4 (07:50):
So I was really lucky in that the company that
I'm now working for, they had in their ad we're
looking for project managers, but happy for people that are
looking for a change, and we're willing to train you.
Speaker 2 (08:02):
Oh how good is that?
Speaker 4 (08:04):
Yes? I jumped on it and submitted my application, had
a brief phone conversation which then actually ended up with
them saying, look, we've actually just employed someone with thirty
five years experience.
Speaker 2 (08:17):
Of course you have.
Speaker 4 (08:18):
And I was like, okay, that's understandable. I'll cop that.
Compete with that, it's definitely not. And they said, however,
we would like to offer you like an assistance sort
of role so that we can have you on board
and then train you up so that you can then
move into a full project management role.
Speaker 2 (08:34):
Oh how good is that? And you know what, like,
from my perspective looking at that, that maybe is even better. Oh.
Speaker 4 (08:39):
Absolutely so for me when I made the change, I
didn't have to take a pay cut, I worked less hours,
I didn't need to work weekends.
Speaker 2 (08:49):
How good is this? You're selling the dream.
Speaker 4 (08:51):
And I was then getting trained as well. So for me,
I'm enrolled in a diploma of project management. But there's
others here that have a certificate for in project management.
So I think the thing is that there's varying levels
of study. I think it's about finding the right company
and organization to take you on and train you where
(09:12):
you need it, because for me, the training on the
job is far more I guess beneficial than anything on
a piece of paper.
Speaker 2 (09:19):
I can attest to that, having been a chronic university gower,
I know so much more just from doing the work.
And like I know, he kind of feels like a
rock and hard place because you're like, yes, Victoria, but
I need the UNI degree to actually get in the door.
And that's often the case. But then there are things
like what you've just gone through, where they are willing
to train you and they are willing to go through it,
(09:40):
but you're not going to find it unless you're looking
like it's not going to jump out at you unless
you're like, hold on, like maybe this is something I
should have a look into. Because how I asked you
while you were still at your sports and community wrec job, Like, oh,
you could probably just find a job in project management.
They'll train you and you're like, not even have to
take a pay cut. You'd be like sure, Victoria, Sure, yeah, absolutely.
Speaker 4 (10:00):
And I think that was a big thing in that
we had those conversations realized, like I guess where our
values were and what was important to us, and then
we started looking.
Speaker 2 (10:10):
So yeah, how good. I love that so much. So
now tell me how old are you? What's your official
job title and how much money do you earn?
Speaker 4 (10:18):
So I am thirty two. Official job title is contract
administrator and I'm on ninety thousand dollars a year.
Speaker 2 (10:25):
Is that including or excluding superannuation?
Speaker 4 (10:28):
Excluding super?
Speaker 1 (10:28):
Oh?
Speaker 2 (10:29):
How good? So then it's like super on top. So girl,
you're basically on one hundred grand a year.
Speaker 4 (10:34):
Yeah.
Speaker 2 (10:34):
Oh we love to see it. So tell me a
bit more. So you've just gotten engaged. I peep are
very cute. Ring are your big money goals at the moment?
What are you currently working towards?
Speaker 4 (10:45):
So money goals at the moment for us, where the
main aim is to have multiple passive income streams. That's
that's the goal that will be broken down into a
couple of smaller steps. But that's our end goal.
Speaker 2 (11:01):
How exciting and what do you like? Do you have
specific goals for that or is that just like a
holistic our entire life is working towards it. Or do
we have like a list with some red pen that
we can cross off goals?
Speaker 4 (11:11):
Yes, so we have a full I guess, sort of
business plan that we're working towards.
Speaker 2 (11:16):
You've got a business plan for life as well. I
love this, not for life.
Speaker 4 (11:19):
That one's actual business business plan for business, no real
business plan for life. We're kind of it's just for us.
It's a matter of like looking at where we are
with work and then what we're wanting to get to
with business, and then how that all fits together.
Speaker 2 (11:35):
Adore, I love this so much. Let's go to a
really quick break on the flip side. I want to
ask so many more questions about this business. How the
heck you got it to be turning four hundred thousand
dollars over in the first year. I want to know
about investments, I want to know about debts, and I
feel like someone like you has some really good money habits.
So guys don't go anywhere, all right, We are back
(11:58):
and our money. Darist has gone from being on forty
thousand dollars a year to now being on ninety thousand
dollars a year, and in her first year in business,
is about to turn over four hundred thousand dollars money, Darist.
Can we dive straight in to investments? So when you
were earning forty thousand dollars was only two years ago.
I'm assuming that investments felt pretty far off. But was
(12:20):
that something that you spoke about or thought about or
what did that look like? And now what does it
look like today?
Speaker 4 (12:27):
Investment was always something that I thought was this, I
guess grand dream that I could never afford. It was
as simple as that. I just didn't think that that
was possible. I then purchased my first house on my own,
which was amazing.
Speaker 2 (12:42):
Oh my god, No, you did it, Yeah I did.
Speaker 4 (12:45):
Now you bought your first hold on what was your
salary when you bought your first house? It would have
been around sixty sixty five Holy moly.
Speaker 2 (12:58):
So you're just like, by the way, I'm duying my
own house and I'm on sixty five grand. That is iconic.
Speaker 4 (13:04):
Yeah, I share house for a long time.
Speaker 2 (13:06):
Of course, sacrifice is what makes these things happen.
Speaker 4 (13:09):
Yes, so I made the most of it. I worked
really hard to put everything aside that I could, and
then happened to find the perfect little home just before
the COVID chaos, which was fantastic. So I was able
to get in there. Since then met my now partner,
and that first home is now a beautiful investment. So
(13:32):
that's my first actual investment, is my home.
Speaker 2 (13:36):
Okay, nice, what a little dream. I love that, So
tell me a bit more. I've got to be a pervy,
Like buying your first home is hard enough. You did
it earning sixty five grand? Did you have a guaranteur?
Did you you know, have somebody who taught you how
to get into property? Did you have to save up
a twenty percent deposit?
Speaker 4 (13:53):
Like?
Speaker 2 (13:54):
I need to know the nitty gritty how'd you get in?
Speaker 4 (13:56):
So I went to my local bank and spoke them
about first home buy scheme at the time, so I
was able to get in with less than twenty percent deposit.
I did have the full twenty percent deposit available.
Speaker 2 (14:11):
Of course you did. You're saying that, Oh No, when
I earned last I didn't. I wasn't able to invest
or safe girl, you were you were. You're deceiving us.
You're really good at money, won't you?
Speaker 4 (14:20):
I wasn't. I wasn't, And then I became. I became
more aware and I learned the tricks along the way.
So I yeah, went to my bank and they were
able to offer a first home buy scheme, which meant
I didn't have to put in the twenty percent deposit,
but still didn't have to pay lender's mortgage insurance. So
the bank manager, she calls herself my local mum because
(14:46):
my family lived ten hours away.
Speaker 2 (14:48):
That's so sweet, and.
Speaker 4 (14:49):
I remember the first meeting with her. She was like, no,
we are not letting you pay lender's mortgage insurance. We
will apply for the first home buy scheme. We will
make sure you do this right. And that's how I
did it. What an I can't the additional money that
I had, which would have been the twenty percent deposit,
I then, over two to three years, put some of
that into renovations and increasing the value of the home,
(15:13):
so icon it it's increased nearly two hundred thousand, nor
what has ever three years?
Speaker 2 (15:20):
So tell me how much did you purchase your first
home for? What's it worth?
Speaker 4 (15:23):
Now it was three hundred and fifty six thousand.
Speaker 2 (15:26):
Three fifty six and then it's now worth like five
fifty six. Oh my gosh. And how much is left
on your mortgage that one.
Speaker 4 (15:33):
I've got around two hundred and ninety left on that mortgage.
Speaker 2 (15:38):
Isn't that insane? You've got so much equity now.
Speaker 4 (15:40):
Yes, so so much. So it's just that.
Speaker 2 (15:42):
Equation that is so cool.
Speaker 4 (15:45):
Yeah, ready for even when we ever need it.
Speaker 2 (15:47):
Oh my gosh. I'm so excited for you because it
just everything works out when you start to just care
about your finances like this is really empowering because I
think so many times when you're you know, you're just
a girl, you're earning seventy grand which is a really
normal income, and you just feel like nothing's possible, and
then you hear stories like this coming out of our community.
You did that on your own. You hadn't even met
(16:09):
your partner yet, and you were like, Nope, I'm going
to buy myrin home. I'm going to make sure I
go through these situations. And I mean, as you know already,
I own a mortgage broken company called Zella Money, and
we do this every day. So, like I know, it's possible,
but so many times we meet with people they're like, Oh,
I just I don't know if it's going to work
for me. Like this, Money Diarist has not only worked
(16:29):
out how to get into her own home, she's unlocked
a heap of equity. If she sold it over the
last two years, she would have made more than two
hundred thousand dollars, having started on a salary of sixty grand.
Like that is wild and so so cool to me,
Money Diarist, Let's get a little bit further into it.
Do you invest in any other way or is it
(16:50):
just property at this point? What are your thoughts on it?
Is there a plan for the future or is it
all about business at the moment?
Speaker 4 (16:56):
So no other investments at this stage. We have just
built our first time together. So at the moment, yeah,
first home is our investment. I have a whole lot
of analysis paralysis with actual investing. I have to admit it.
That is my next I guess personal goal is to
look at that further.
Speaker 2 (17:17):
Our investing masterclass is about to drop on the thirtieth
of September, so I'm going to give that to you
and then there's no excuses like I'm going to teach
you absolutely everything, because it sounds like you've got property down, Pat,
but the investing side of things, Oh my gosh, I
can't wait ten years from now you are going to
be running rings around literally everybody.
Speaker 4 (17:36):
Thank you. That is yeah, that's my personal goal is
just to get that part. I guess down, Pat. I
just it's it's always been too much like I haven't
known sort of, I guess where to start. I've you know,
opened a tab and started reading and it's still open
on my phone. So that's that's the next thing.
Speaker 1 (17:54):
I know.
Speaker 2 (17:54):
Analysis paralysis is the worst, right and then you think
you're about to pull the trigger, and then someone meant
something and you're like, oh, what does that mean? I
need to start again? And as women, we just don't
trust our intuition enough sometimes to just dive in and
get started. I think you're gonna love it. I'm just
I feel like our stars are aligned, like we're talking
at the perfect time for you to then start the
(18:16):
investing masterclass on the thirtieth with us, which is really exciting.
But for everybody listening, obviously, I'll put a discount code
in the show notes to make sure that you don't
miss out. Either. I'm so excited about that. For you,
tell me a bit more. Do you have any other debts?
Speaker 4 (18:30):
So for us, it's just first home, the home we've
just built. And then my partner has a debt on
his vehicle and that is it. Sorry, and one machine,
one machine has a debt as well.
Speaker 2 (18:45):
Yes, sorry, all right, Well, tell me a little bit
more about this home that you're building. What kind of
block size is it? How much have you spent on it?
Like what type of mortgages you got? Like, I'm just
so pervy, and it is literally a privileged to be
able to ask someone will the perfume money questions that
you'd never ask them if you met them at the shops.
Speaker 4 (19:03):
No, I love it, and I'm all for it because
it's actually really cool and I'm really like we're in
a fantastic position that we've both worked really hard to
be in. So where we've just built is a twenty
seven hundred square meter.
Speaker 2 (19:15):
Block, Okay, how exciting.
Speaker 4 (19:18):
It is very exciting. However, there is a lot of
mowing to be done on a block that size, and
a lot of vacuuming to be done on a house
that's three hundred and forty square meters.
Speaker 2 (19:29):
Do you know what's so funny? You just said that
your house is three hundred and forty square meters and
my entire block, like my house is on four hundred
square meters. Like that's the that's the land size, babe.
That's insane to me. How cool you're mowing my entire block?
Speaker 4 (19:45):
Yeah? Yes, so like my first home actually fits square
meter wise, fits in the middle center of our house,
of our new house.
Speaker 2 (19:55):
Isn't it so funny? So tell me more about this.
So you've got this beautiful, big block of land and
you're building your home, Like, how are you funding this?
Speaker 4 (20:03):
So my partner had amount of cash to put in,
so we've done that, and then we have a five
hundred thousand dollars mortgage for that property.
Speaker 2 (20:13):
Oh my gosh, why is it only five hundred thousand
dollars for twenty seven Like you've got to give me
more context here, Like.
Speaker 4 (20:20):
We were able to put so much in that that's
all we needed.
Speaker 2 (20:24):
What what's it worth?
Speaker 4 (20:25):
So we're waiting for final valuation. We are living in there,
which is amazing, but it's looking like it'll be valued
at one point four.
Speaker 2 (20:34):
Sorry, there's a bit of context missing here. So when
you say my partner had a little bit of cash, Like,
what do you mean a little bit?
Speaker 4 (20:41):
So he sold his previous house and all of that
went straight straight this new one. Yeah.
Speaker 2 (20:47):
Oh my gosh, she's marrying rich guys.
Speaker 4 (20:50):
No, I'm just marrying a beautiful man.
Speaker 2 (20:53):
How good is that? I'm obviously joking, but it is
so cool how this is all just working out for you.
So tell me more about this business, because you mentioned
we have a machine and it has some debt on it. Obviously,
when you were building your home you realized that the
machinery was necessary. Why not purchase it? Why not then
lease it out after? Is this like, you know, a
(21:14):
twenty dollar wheelbarrow from Buddings Or is this like, you know,
a whole digger? Is this a crane? I don't know.
You've got to tell me more about how this works
and then how you worked out that you could lease
it out.
Speaker 4 (21:23):
Yep. So when we first started designing the house and
obviously a big block, we were like, well, there's a
lot of landscaping that's going to need to be done,
and we were like, well, we'll do that ourselves. At
the time, his brother and his wife were also building
on a large block and his parents were also building
(21:45):
on a large block.
Speaker 2 (21:46):
Oh god, so much construction. And you wouldn't be short
for conversation at family dinner, would you.
Speaker 4 (21:51):
Oh yeah, we will be shortly. We actually joke about
what we're all going to talk about in six months
time when everyone's done building.
Speaker 2 (21:57):
Oh, you guys will find another projects guarantee it.
Speaker 4 (22:01):
Yes, definitely. So yeah, we looked at it and we thought,
you know, were between just the three of us building
and you know, needing to hire a digger to do
some earthworks or a skid steer to do something else.
We were like, hang on, this is really really expensive
in town, and if we do that and say we
need it. We worked it out over a certain number
(22:23):
of weekends and what it would come to, and we
were like, why don't we just buy one? So again,
there was some money from the sale of my partner's house,
so we actually paid cash for our first machine.
Speaker 2 (22:36):
How much does a machine cost?
Speaker 4 (22:38):
So that was a mini excavator, so a brand new
Caterpillar excavator, and that one, at the time I believe
was forty thousand, and then it was about eleven thousand.
Then for the trailer.
Speaker 2 (22:52):
Yeah, okay, and so you need the trailer of the
UC to move the excavator, yes, so to.
Speaker 4 (22:58):
Move it around. We we did buy a more expensive
trailer because you could just buy a plant trailer where
you can just drive your machine on and that's all
its purpose is. However, we went for a different trailer
that was say, a tiper trailer, so that people can
also use it for soil, which you offer.
Speaker 2 (23:16):
He's a smart cookie, so you can move the stuff
that you excavated.
Speaker 4 (23:21):
Correct, And you can also hire that trailer out as
its own asset, whereas no one really needs to just
borrow a plant trailer on its own, but someone wanting
to do some gardening can hire a trailer.
Speaker 2 (23:33):
I see the vision. I get it. So you've essentially
invested fifty one thousand dollars in this trailer and this excavator,
and I'm assuming you've used it. Partner's parents have used it,
other family members have used it, and now you're hiring
it out. What does that look like? Do you advertise
it online or is this a word of mouthing or like?
How does that work? How does it go from we
(23:55):
bought this fancy thing to other people are paying you
for it?
Speaker 4 (23:58):
Yeah? So it did just start out with social media
advertising locally, we put some signage on the trailer and
on the machine, and it just kind of went from there.
We've actually stopped advertising for it at the moment because
the second part of the business is labor Higher, which
we've got my partner employed through so he's out of
(24:20):
town a lot with that. So we've actually stopped advertising
the equipment higher because we're getting enough with it to
cover the repayments on our second machine.
Speaker 2 (24:32):
Okay, I love this. And what does it look like
in the future. I know you said earlier on the
other half of this episode, we have a business plan.
What does that look like?
Speaker 4 (24:41):
So for us, I guess you know, more machinery, bigger
machinery definitely is the plan to do that. We need
a shed to store it all. So our first sort
of goal at the moment is to open a second
business with a workshop so we can do I guess
heavy vehicle workshop, which also means that the machinery we
(25:03):
have can be serviced.
Speaker 2 (25:04):
Yeah, okay, you guys are thinking smart. It's not like
so I thought you would say. So we're building a
shed on our twenty seven hundred square meter block and
I would be like, okay, smart girl, but she's going
further than that. You've really really thought about this?
Speaker 4 (25:19):
Yeah, we have thought about it, and we have a
really clear vision of where we want to end up.
So essentially we're looking at the moment at shared rentals
in the town we're in so that we can have
a start, and then pending those first twelve months, then
we would either look to them build a shed or
(25:39):
then start like a second stream.
Speaker 2 (25:41):
Again, how cool are you? I love this? And so
over the last like twelve months, you've built this up
and now it's projected to turn over four hundred thousand dollars.
Can it be real, pervy? How much of that is profit?
So majority of that very nicey nice.
Speaker 4 (26:00):
I don't have the like percentages with me, which I should,
and I definitely don't. So that is from so as
I said, we've got the two streams with plant higher
and then also labor higher. So the vast majority of
that has come from labor higher. But we made the
call and I guess the sacrifice to add that in
rather than my partner being on a wage working for
(26:22):
someone else, it's far easier when it's your own name
on your shirt. To put in the hours, oh.
Speaker 2 (26:28):
One hundred percent. And also sometimes you've got to do
the dirty work yourself, like you've just got to start
from scratch instead of hiring someone else and trying to
manage it. Well, he's got a full time job. It's
going to be so much easier at a scale, which
is so exciting. So is the plan for that to scale?
And maybe you not working your ninety thousand dollars project
management job.
Speaker 4 (26:48):
This is and this is very very, very big picture
and I don't normally put big picture out to the
world until I know what's going to happen.
Speaker 2 (26:54):
So we're manifesting it. We're manifesting it.
Speaker 4 (26:56):
We are so big picture would be that we have
enough machinery that we could potentially, you know, start a
sort of a civil branch and having that would need
a project manager.
Speaker 2 (27:07):
It would it would need your skills.
Speaker 4 (27:09):
Yes, so that's sort of I guess how we'd integrate
my skills into them coming full time into the business.
Speaker 2 (27:14):
Oh my gosh, I'm so excited. But I also know
your skills are already being utilized in the business, Like
you need someone who can organize everything, like even just
down to when it's hired out when it's not hired out,
the like the facilities, getting it organized to be serviced,
like all of that stuff. I'm pretty sure you're in
charge of that, aren't you.
Speaker 4 (27:33):
Yes, I am, so. I do all of that before
and after my I guess nine.
Speaker 2 (27:38):
To five full time job, so she's working two jobs.
Speaker 4 (27:41):
Yeah, so I, yeah, work full time. I do on
and off hire of machinery before and after work, so
you know, I might be doing it on hire at
six point thirty or seven o'clock in the morning, getting
that out and then coming to work the end of
the day, then finishing work, going doing off high, getting
it back, making sure it's clean field, et cetera. And
(28:03):
then I go home and manage our finances and you know.
Speaker 2 (28:07):
Pay bills and uh dinner.
Speaker 4 (28:09):
Yeah that the last six months, I've learned about payroll.
I've learned about superinnuation and how to pay that. So
lots of little things within that I've learned how to do.
Speaker 2 (28:21):
My Baz, how good. I'm so proud of you, But
also look at how hard you're working to create this
like epic level of financial freedom that you guys will
have in the future. Like I cannot wait, please, message
me and be like, the my business is now turning
over a million dollars, Like I know it's coming. It's
just going to be a short period of time before
that happens. So I'm waiting for the message years go yes,
(28:43):
how good. I'm so excited for you. I feel like
you've got all of your ducks in a row. Tell me,
what do you think your best money habit is?
Speaker 4 (28:51):
I think, honestly, for me, it's being across what's coming
in and what's going out. So I'm very old school
in that I will actually sit down, I will look
at everything. I have finally set up my direct debits
to have bills just coming out automatically, so that is good.
But I do still have a sit down and look
(29:12):
at everything and where we're up to. I sort of
sit my partner down and go, right, it's finance date night.
This is where we're at, this is what's going on.
He's like, perfect, We're good for another few weeks. We'll
chat about it. Then.
Speaker 2 (29:24):
I love that. I love that so much. What's your
bad money havebit? Then? Is there one that you're like?
This one always gets me.
Speaker 4 (29:31):
I don't know if it's a bad habit. I think
the investment part. For me, I really want to get
on top of that. So for me, that's a bad
habit in that I haven't started it to let it
become a good habit.
Speaker 2 (29:43):
Oh that is so easy, and honestly, I've just fixed it.
So like we are immediately in a plus because of that,
thank you.
Speaker 4 (29:50):
But for me, I guess it's important for me to,
you know, go and enjoy a coffee or brunch and
take myself out and do those things. So I guess
the worst habit would be that I do that once
and then I'm like, oh, yeah, we should definitely do
this more often. And then I'm like, wait a second,
let's reule this back in and make it something to
enjoy rather than just spending that money.
Speaker 2 (30:12):
But also, look at the life you're building that's going
to afford more coffees out more often. Like your lifestyle
can also scale. I mean, we always talk about lifestyle creep,
and that's really important to get a hold of if
it's not in line with your values and you're not
happy with it. But like when you earn more money
and you're working as hard as you do, I do
think that we deserve to enjoy it. I think that
(30:33):
we need to enjoy the journey, not just becoming rich
or not just becoming you know, the destination, Like if
you've got that free cash flow, like you don't work
as hard as you do to not enjoy life.
Speaker 4 (30:43):
Yeah, that would probably be my worst habit. Actually, now
i'm thinking about it, is that I probably don't enjoy
it enough for what I could. I think you know,
as you say, we both have worked really really hard.
We're putting in the hours, and I think it's nice
to actually like, I actually, you know what, No, we
do deserve to spend that money on us.
Speaker 2 (31:03):
That's like a stereotypical small business owner journey. And it's
taken me many years to be able to step back
and go, look what we've done. That's really cool and
celebrate it because I think that a lot of business
owners we work so hard and we put so much
pressure on ourselves that even though it's an achievement, it
actually feels like a weightlifted. So like when something happens
(31:25):
and you're like, oh, finally that happened or I achieved this,
you just feel light and you're like, okay, cool, I've
got to carry on though, because there's some more stuff
to do, and we don't give ourselves credit. And I
think that it is smart to integrate celebration into that
and go all right, well, maybe we should go out
for a fancy dinner, or maybe we should you know,
treat ourselves or set something up that's a goal that
(31:45):
we're looking forward to. That's not a business goal because
we have something to work towards and give ourselves a
little bit of a break, but toxic small business owner
things which I can definitely relate to my friend.
Speaker 4 (31:56):
It's nice to hear that that is not just me,
because it is all very, very very you to me.
Speaker 2 (32:00):
So oh no, for years I didn't celebrate it. And
it's not because I wasn't grateful. I was really grateful,
but you just feel so overwhelmed and you just feel
like there's so much more to do, and like that's
great because I'm so motivated, but I just feel like,
oh my gosh, I'm glad that that's over. Or you know,
I remember winning an award in the next morning being
like okay, cool, Like I should go back to work
(32:21):
and my team will like that's so cool, and I
was like yep, yep, but I've got stuff to do,
and then they're like, why don't you care? And I
was like, it's not that I don't care, it's that
I'm stressed because I feel like this adds more pressure,
Like the bigger I get, the more that I grow,
the more that I feel like I have to prove myself.
And that's not the case, right. The more I grow,
the more I should feel safe in what I've built.
(32:42):
But I think especially as women, we just put more
and more pressure on ourselves and we go, oh my gosh,
Now I set this expectation that I did win this,
that people are going to expect more from me, or
you know, now I have a turnover of four hundred
thousand dollars, well next year. It would be really disappointing
if it was less like we're just not good at
celebrating ourselves and how if that can be?
Speaker 4 (33:01):
Yeah, that is me. So that is that's myt it together.
Speaker 2 (33:04):
I'll be I'll be your founder friend and we can
we can celebrate our successes together.
Speaker 4 (33:09):
And I think I think it's important to It's the
same as I guess reflecting on where we've been and
where we are now in that you know, it is amazing.
It is something to celebrate and be proud of as well.
Speaker 2 (33:20):
I feel like it can also be a sidetrack founder conversation,
but it can also be really challenging if you're experiencing
this in isolation. So I am assuming that this is
you know, you said in your money story, I didn't
grow up around business. This isn't something that my parents had,
and I'm assuming that not many of your friends have
started businesses. It is really inspiring, your friends are really
(33:44):
happy for you, but it can be really challenging when
you're like, oh, wow, like I've got a business that's
turning over four hundred thousand dollars. I'm probably not going
to mention that at brunch because it's unrelatable, and you know,
there are these pain points that you'd love to chat
about with somebody, but also you feel bad because you're
friend has just said, oh my god, mortgage payments are
really really overwhelming, and you're like, oh, I'm just trying
(34:04):
to work out how to pay super or I'm trying
to work out how to do my best or you know,
I just I've finally worked out payroll, like these are
things that I struggled with. Because you want to talk
about how well you're doing but not in a gloating way.
I want to talk about it because I've got stuff
to do and maybe I'm not doing this as well
as I could. But often in a friendship group that
doesn't have similar experiences, you can feel really like, oh,
(34:27):
they're going to think that I'm gloating when in the reality,
like the reality of the situation is I just need help.
I just want to vent. This is really stressful. But
because there's so much money often involved, you're like, this
is really stressful, but they're not going to appreciate that.
I'm not, you know, grateful for that.
Speaker 4 (34:42):
It is. It's very, very, very difficult, and it is
a challenge that I have found obviously the last sort
of six months or so, and it is, you know,
conversations that my friends might be having are around you know,
what their toddlers are up to, and what sicknesses are
coming home from daycare and how they're dating.
Speaker 2 (35:00):
Like, ah, this isn't relatable to me.
Speaker 4 (35:02):
Oh, I'm like, I don't have kids, but can you
teach me how to pay someone?
Speaker 2 (35:06):
Yes?
Speaker 4 (35:07):
Please? I'm like, So it is very difficult and it
is isolating, and I guess I'm not really sure, or
I guess what's out there in terms of support around that.
Speaker 2 (35:18):
And the Business Bible community. My friend, I'm going to
revive that at some point in the near future because
we've just finished with our investing masterclass, but like, this
is the support that should be coming out of the
Business Bible community where you can be like, hey, is
there anyone who kind of wants to be my accountability buddy?
And you can text them and be like you got
a payroll and they'll be like yes, are you got
at super and you'll be like yes, be like cool,
(35:39):
let's jump on zoom.
Speaker 4 (35:40):
Yeah, that's what we need, especially as women. I think
we need that in whether it's metropolitan or regional areas,
regardless of where we're located. I think that's something that
we need and to be around, I guess, and just
having conversations with other women that are out there absolutely
smashing it in business that would be really really you're
reviving I guess for me as well in that you
(36:02):
know what, Yes, we're all tired, but we can sit
and whine about it over a wine and that's okay
one hundred percent.
Speaker 2 (36:08):
I feel like, sometimes, you know, I'll be like, oh,
I'm so exhausted today, and then I'll be like, oh,
probably shouldn't say that, because like, I'm grateful for where
I am, but at the same time, like I am
genuinely tiger, Like we all need a nap sometime. Yes, definitely,
Money Diarist, You've just told us this epic story, Like
it started with you making forty grand a year, realizing
(36:29):
that that wasn't working. Then it got better and you
were like, oh, I'm going to get this job earn
ninety grand a year. Then I find out that's plus
stuper and it's one hundred grand a year. Then I
find out you're a genius and you've basically organized this business.
You're turning over four hundred grand, your goal is to
turn over a million next year. You're working everything out
on your own. You do live regionally, which makes it
even harder. You bought your first property earning sixty five grand.
(36:50):
There's just so much about you that I'm so impressed by.
Speaker 3 (36:54):
You.
Speaker 2 (36:54):
Literally think that your worst money habit is that you
don't know how to invest properly yet Yet you've built
a business and you have more than two hundred thousand
dollars equity in your first property. That you bought as
a single female, Like you told me that you were
a C I did. Are we gonna revisit that together
or are we gonna sweep it under the rug?
Speaker 4 (37:13):
Like?
Speaker 2 (37:14):
What are we doing about that C? Because now that
people have listened to this, they're gonna be like that
money darist full of shit.
Speaker 4 (37:22):
Okay, let's I would settle with a B, maybe a
B plus?
Speaker 2 (37:26):
What would make you an A plus? Like, I'm happy
for you to be whoever you want to be. I'm
never gonna argue, but I'm also gonna question it, But like,
what do you have to do to get to an
A plus? Because from my perspective, you're killing it?
Speaker 4 (37:37):
Yeah. I think for me, like, obviously, if I can
get investing down pat and have that happening, that for me,
that would get me to an A. To have that
part there and be on top of it, that would
be my A. To get me to an AA plus
would be having two businesses up and running.
Speaker 2 (37:55):
Oh no, biggie, yeah no, biggie, no pressure. I really
like that. Just really small.
Speaker 4 (38:01):
Steps, small steps, baby steps.
Speaker 2 (38:03):
Yes, I love that, But I also love that to
get to the A is really achievable and really easy
and it's just about education and that's actually not going
to cost anything. So that is very cool, and I'm
very excited that I get to be on that journey
with you, money Diarist. This has been honestly a pleasure.
I'm so excited. It is one reinvigorated my excitement for
you know, celebrating small business owners and helping them, and
(38:26):
you know, it reminds me. I have a book coming
out in November called The Business Bible, literally because I'm
so wildly passionate about this, and I know that that
is hopefully going to reinvigorate our community and like remind
people why we're here. But I just have a lot
to do in this space, and you have motivated me
to like dive back in and go, all right, small
business owners, what are we going to do? How can
(38:47):
I support you? Because these are the conversations we need
to be having. And you know what, our friends don't
want to hear it sometimes, and that is actually fine,
but sometimes we need to hear from a group of
people who are like, all right, tell me about bass
and I'd be like, oh my gosh, bane of my
existence and this is why, and you go, oh, totally relatable.
(39:07):
So Money host. It has been a pleasure. Thank you
so much for joining me. I do hope that our
paths cross at some point in the future. I know
they will, and when you're turning over a million dollars,
please message me. We need to know.
Speaker 4 (39:18):
It absolutely will and I look forward to doing.
Speaker 2 (39:20):
That, adore. Thank you so much. The advice shared on
She's on the Money is general in nature and does
not consider your individual circumstances. She's on the Money exists
purely for educational purposes and should not be relied upon
to make an investment or financial decision. If you do
(39:43):
choose to buy a financial product, read the PDS TMD
and obtain appropriate financial advice tailored towards your needs. Victoria
Divine and She's on the Money are authorized representatives of
Money showper Pty Ltd ABN three two one six, four nine,
two seven and seven zero eight a f s L
four five one two eight nine
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