May 7, 2023 • 42 mins
This week's Money Diarist has a fascinating story full of financial flexibility and following her heart. Having grown up in the UK, her dad got injured and couldn’t work, so mum carried two jobs to support the family. Fast forward and she has ridden a redundancy rollercoaster, gotten engaged and then married after three months, owns a house/Airbnb AND is saving for another investment property, and this is only the tip of the iceberg!
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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 yr
the Order Kerney 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
(00:22):
through 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. She's on the Money, She's on
the Money. Hello, and welcome to She's on the Money,
(01:00):
the podcast for millennials who want financial freedom. Welcome back
to another one of our money diaries where we get
to talk 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 a message
and it went like this, Hi, She's on the Money.
Growing up in the UK, my dad got injured and
(01:21):
couldn't work, so my mom had to work two jobs
to support us. Money was the cause of most arguments.
Now I own a house that has an Airbnb and
I'm saving for another investment property plus a honeymoon. The
past year has been a roller coaster. We got engaged
and then got married three months later, found huge structural
(01:42):
issues with our home, and I got made redundant twice.
Money Diarist, Welcome to the show. When you said it's
been a roller coaster, you were not lying.
Speaker 3 (01:54):
Yeah, it's been a big year to eighteen months.
Speaker 2 (01:57):
Oh my gosh. Yes, let's dive straight in. The First
question I have been asking recently is about your money grade.
So I want to know what grade would you give
your money habits on a scale of A through to F.
Speaker 4 (02:09):
I'd say I'm a B A B all right, I.
Speaker 2 (02:12):
Want to know now though you said you grew up
in the UK and your dad got injured and you
couldn't work and your mom had two jobs. Can you
tell us a little bit more about your money story.
Speaker 4 (02:23):
Yeah.
Speaker 3 (02:23):
So I love money. I love the freedom and the
independence that it can bring. But I grew up with
a scarcity mindset and it's definitely still present and it's
something that I'm trying to work through and trying to
focus on having more of an abundance mindset. I am
definitely of the belief that money can always be replaced
(02:45):
and it can be earned, but I also get very
attached to my money and how I spend it.
Speaker 2 (02:53):
That's very relatable, that's very similar to me. What was
it like growing up with a mum who had to
work two jobs to port your family.
Speaker 4 (03:01):
Yeah, it was tough.
Speaker 3 (03:02):
My dad was injured so he couldn't work and was
studying but spent a lot of time just you know,
unable to move in bed. So she had to look
after us too, kids and him, and work jobs that
worked around being able to do the school runs and
all of that sort of stuff, and so it was
(03:22):
really tough. We didn't have much money, and I was
definitely I don't feel like I missed out on things,
but I was aware that, you know, the stuff that
I had wasn't as good as the stuff that the
kids in school had. I remember, you know, being embarrassed
about the brands of foods that I had in my
lunch box, and you know, people not wanting to swap
(03:44):
the packet of crisps or chips with me because you know,
they were the brand that was considered less quality.
Speaker 2 (03:52):
Isn't it wild that even kids understand that. And nowadays,
I don't know about your money, darist, but I'm like,
which is the cheapest we're just getting that doesn't actually
matter to me what it is. I'm like, if they're
plane chips, we're just getting the plane chips. Like I
could not care less. But I totally resonate with that
because I remember I used to get like me and
(04:14):
Grade two would get so frustrated if Mum didn't buy
the Smith's brand of chips and she went and bought
like the home brand brand of chips. She'd be like, Victoria,
they're the same, and I'd be like, you don't understand this.
Sad a symbol in my lunch box. It's wild, isn't it,
because it's it's such a smart money saving hack, Like
why wouldn't we buy that one? But it's yeah, it's
(04:34):
one of those things that I feel like it does
change the narrative around the way that you grow up.
What did that look like as you got older?
Speaker 3 (04:43):
Things definitely changed as I got older. So by the
time I was in my teens, my dad had managed
to get a degree and you know, have a business
and was teaching, and yeah, things changed pretty dramatically. And
now he's doing so well, but he still has lots
of you know, issues with its injury and has to
(05:04):
spend a lot of time resting. But yeah, things have
dramatically changed for them, but he still has the you know,
the scarcity mindset and is very I guess what we
would call tight with his money. That's how we would
describe it where I'm from.
Speaker 2 (05:20):
Yeah, do you think that that is something that was
ingrained in their upbringing as well? Or do you think
that that was a product of your dad's injury.
Speaker 3 (05:29):
So back through my dad's history, his dad was a
gambler and drank a lot, and so he didn't like
he would often spend all of his week's earnings before
the family had chance to you know, buy food and
do all that kind of stuff. So I think it's
definitely stemmed from not having money growing up.
Speaker 2 (05:53):
Where do you think your mindset is coming from then,
because I don't know. You sound like a very very
good She's on the money List night in that you're
saying all of the right things, right, You're like, it's
been a rollercoaster, but I'm doing this, I'm doing that.
I'm really trying to work on changing my mindset from
a scarcity mindset to an abundance mindset. And I feel
like our parents and often when I talk to money diarists,
(06:16):
their parents aren't often on that train. Where do you
think this want for a different money lifestyle has come from?
Because obviously finances can be systemic, like they can just
be handed down money stories.
Speaker 3 (06:31):
I think there's three parts to it. I think the
first part is my mum's always told us to well.
First of all, it was to go to UNI and
get a good job and don't sort of get the
dead end jobs that she had to do. Although I
went to UNI and dropped out after a few months,
that didn't really for me for me, And then I
guess the second part of that is I've always been
(06:54):
fiercely independent. I've always wanted to earn my own money
and work from a young age, didn't really want help
from anybody. And then the third part is when I
first moved to Australia, I was a backpacker and I
got handed an amazing opportunity to manage a business and
then actually just to have the business.
Speaker 4 (07:15):
Oh yeah, it's strange.
Speaker 3 (07:18):
It was a husband and wife business and she didn't
want to be part of the business anymore. So I
was going to become the manager and she started teaching me,
and then they went through an awful time and were
having a divorce, and.
Speaker 4 (07:32):
So she just said, look, just take it.
Speaker 3 (07:34):
You and him have it fifty to fifty and I
just want him to be able to, you know, continue
to earn money and be around for his kids. And
that opportunity was really scary. And I remember talking to
my older brother and he said, we can do anything
we put out mind to and think of like what
this opportunity could be. And so that's yeah, I think
(07:56):
those are the few things that have really shaped my
mindset before I've then found she's on the money. I
worked in the property industry and investment and so there's
been some things more recently that have helped to keep
me on that track, but I think those are the
fundamental where there's been big shifts.
Speaker 2 (08:15):
Oh my gosh, what an opportunity comes to Australia as
a backpacker gets offered an entire business, Just take it,
just take it. Oh my gosh.
Speaker 4 (08:26):
Yeah, it was crazy.
Speaker 3 (08:27):
I definitely got thrown in the deep end and had
to like sink or swim kind of situation. It was
exciting but very scary, and she was still there, like
she still was there for anything really big and hard
and confusing, and was sort of a mentor to me
in those situations. But knowing what she was going through
(08:48):
with the divorce, I really didn't want to be in
touch or need her help unless it was really really lisiary.
Speaker 2 (08:56):
Yeah that's fair. Are you still involved in that business?
Speaker 1 (09:00):
No.
Speaker 3 (09:01):
I ran the business for about ten years and then
it was an entertainment business, so COVID had a big
impact on the business.
Speaker 2 (09:09):
Would have wow.
Speaker 4 (09:10):
But I was definitely.
Speaker 3 (09:11):
Ready for a change for a long time before that,
and COVID gave me the opportunity to be able to
do that.
Speaker 4 (09:17):
For a number of reasons.
Speaker 3 (09:18):
So first of all, we had to plan so far
in advance, so we planned like a year in advance
of events, so there was never really a good time
to step away. But obviously COVID meant lots of things
were canceled, and then we had the job keeper payments,
so I was able to earn the job keeper payments
that then also bring someone else on to take on
(09:41):
the manager role and pay them and teach them and
eventually sell the business to my business partner, so he
owns it completely now and hand it off to them.
Speaker 2 (09:51):
How cool. I love this. I'm so excited about this
diary and I haven't even asked the official second question.
This is I'm so invested. I want to know now
though obviously COVID changed things and you're now in a
different area. What do you now do for work? How
much money are you earning?
Speaker 3 (10:11):
So I'm now an operations support manager for a not
for profit, so I earn ninety thousand dollars plus super.
But then as working for a not for profit, I
get to have a portion of my income tax free. Yeah,
i'd salary sacrifice part of my income, which is great.
Speaker 2 (10:31):
So how does that work? Like, how have you structured that?
Because I think a lot of people go great, I
can salary sacrifice, but then they might not set it
up in the best possible way. How have you structured yours?
Speaker 3 (10:42):
So it works out to be about six hundred and
eleven dollars a fortnight, and I put that towards my mortgage,
but essentially it just gets paid into my main bank account.
Speaker 4 (10:54):
But yeah, it's allocated to mortgage.
Speaker 3 (10:57):
So you're allowed fifteen nine hundred dollars a year for
something like that, and then you can also do I
think it's twenty six hundred and fifty dollars onto like
a meals and entertainment card which works out aboute hundred
dollars a fortnight. And so then I use that for,
you know, whenever we're eating out.
Speaker 2 (11:16):
Oh my gosh, how good. Yes, that's a bit of
a money win and something that I feel like would
work out really well with the meals and entertainment card.
I am very aware that you're not allowed to use
it for things like groceries. Actually has to be meals
and entertainment out. Do you find that, you know, what
is it like about fifty dollars a week ish? Are
(11:37):
you actually spending that or do you think it actually
forces you to go out and actually have date nights
and stuff like that.
Speaker 3 (11:42):
So it's called a fringe benefit's TAXI that's just begun
this month April, so previous to that, because I was
only in the job for about four months of the
last fringe benefits tax you, yep, I claimed that whole
amount over that four months.
Speaker 2 (11:59):
Oh money.
Speaker 3 (12:00):
It was getting about three hundred dollars a fortnight towards
food towards you know, the meals, and about seventeen hundred
dollars I think a fortnight towards my mortgage. It was great.
Last year was great. I was worried about the change
and what it would mean.
Speaker 2 (12:16):
Going back to normal.
Speaker 3 (12:17):
Ass Yes, and I think it's about two hundred dollars
a week less off now.
Speaker 4 (12:23):
But it's still great.
Speaker 3 (12:24):
But yeah, we were getting about three hundred dollars a
week and we actually were able to save that up
and pay for the catering or part of the catering
for our wedding.
Speaker 2 (12:34):
Oh my gosh, so smart. So you are using it intelligently.
I love to see this, I am.
Speaker 3 (12:43):
But then the wedding finished and there was quite a
lot of money building up, so we had some really
fancy date nights, which oh cute, not mad about. We
like to have a good date night.
Speaker 2 (12:51):
I appreciate that as well. When it counter planning for
your wedding, obviously that's a good money saving hack and tip.
What did your wedding end up costing? Because in your
letter into us you said we got engaged and we
got married three months later. That's not a lot of
planning time. I planned my wedding in twelve months, and
I thought that wasn't enough time.
Speaker 3 (13:13):
Yeah, we didn't realize I think when we took on that.
I think we spent the first month just trying to
figure out what we wanted to do, when we wanted
to get married, where we wanted to get married, with
both from the UK, so our family is largely based there.
Speaker 4 (13:29):
And then my.
Speaker 3 (13:30):
Husband's parents were visiting and his auntie and uncle were
visiting in January February, and we didn't want to make
them come out again, and we just thought, let's just
do it while they're here.
Speaker 4 (13:42):
So my parents flew out as well.
Speaker 2 (13:44):
Oh my gosh, how lucky.
Speaker 3 (13:46):
Yeah, and we kept it really small. We had thirty
four guests there, which definitely helped keep the cost down.
So we lived in Queensland and about eighteen months ago
we relocated to say South Australia. So we went back
to Queensland to get married where most of our friends
still are and my brother lives there. And so the
(14:08):
wedding cost about eighteen thousand dollars, but that doesn't include
any of the travel costs.
Speaker 2 (14:14):
Do you know what? That is such a reasonable price
for a wedding these days.
Speaker 3 (14:18):
I wanted to do it for ten thousand dollars, and
I realized very quickly that that wasn't possible. But we had,
you know, all the main things that we really wanted,
and yeah, it went really well.
Speaker 2 (14:28):
What blew out the most? What took it from your
expectation of hoping it would be ten thousand dollars to
being eighteen. What was the biggest surprise?
Speaker 3 (14:36):
It was the venue. So we were going to just
get married on the beach and then go to a
restaurant and hire out the restaurant and have dinner and
drinks there. But we while reassoching, we came across a
venue that was right on the beach that you could
have the wedding there and then just walk inside.
Speaker 2 (14:54):
And oh, of perfect.
Speaker 4 (14:56):
It was a lot more.
Speaker 3 (14:57):
Expensive, but I just fell in love like the right
thing to do, So that's what we went with love.
Speaker 2 (15:03):
I'll have to ask for some photos later. I am
so wedding obsessed, it's not funny. So the wedding's over.
You've obviously got some structural issues with your home at
the moment, which I'm going to ask about in a minute,
But I want to know what is currently your big
money goal. What are you working towards We.
Speaker 3 (15:19):
Have an airbnb at the house that we live in now,
so it's a separate dwelling and we would like to
have another airbnb, so that's been the goal for a while,
and we want to buy one in Queensland because we
eventually will move back there. So we're trying to figure
(15:39):
out how much the work and the house is going
to cost to you know, how much we've got available,
and how long it's going to take.
Speaker 4 (15:45):
Us to be able to do that.
Speaker 3 (15:48):
But the second one is that I am starting a business.
Speaker 2 (15:52):
Oh my gosh, of course you are. Yes, of course
you are lucky. You didn't have enough on.
Speaker 3 (15:57):
So yeah, I tried to start a business, said the
mid last year, and got made redundant and so decided
to find another job and you know, get myself on
my feet, and then we got engaged in marriage and
all that stuff happened. So I'm back to having time
to think about the business now. The business just registered
(16:18):
about an hour ago. Email Sistered.
Speaker 2 (16:23):
Isn't that the best feeling ever? It's like the ball
has started rolling, my friend.
Speaker 3 (16:28):
Yeah, it's awesome. So we're just working on finalizing the
website and all of that. Sort of stuff. So I
guess the plan is to eventually replace my income with
my new business, or at least be able to work
on that three days a week and be able to
you know, continue with my current employer a couple of
days a week. Two.
Speaker 2 (16:48):
How exciting. So obviously starting business is a really big undertaking.
What are your main motivations for this? You said, you know,
replacing your income?
Speaker 4 (16:57):
Is it?
Speaker 2 (16:57):
Like more flexibility? Is it so you can travel? Is
so you can start a family? Like what does that
look like for you?
Speaker 3 (17:03):
Yeah, it's all of the above. Before COVID, we wanted
to go and live in Asia for a few months
and that then obviously COVID prevented that. But we had
the perfect setup. So my partner has a business as well,
and I was working, you know, I had my entertainment business,
so we could have just done that overseas.
Speaker 2 (17:24):
How cool you guys sound so fun?
Speaker 3 (17:29):
Yeah, we we're definitely adventurers. I think I'd love to
do that, Like I still have that part of me
hasn't been fulfilled. We did build a camper van and
travel Australia for a little bit. As like the we
can't go to Asia, so let's do this instead. But
it was a complete disaster. Why, oh, just it was
so hard building a camper van. Like my husband's amazing,
(17:52):
but he doesn't have any you know, background or skills
in that area.
Speaker 4 (17:56):
He just youtubes and figures.
Speaker 2 (17:58):
Stuff out exactly how I would do it.
Speaker 3 (18:00):
Yeah, and I did say, you know, from the beginning
that it would be something he would do when I'll
just watch and I'll you know, be the cheerleader. But
our expectations are very different. So he was found it
really difficult that I wasn't as invested or like, had
as much energy or for the build as he did
in the beginning I did. And then it took way
(18:21):
longer than I wanted it to, so it became really
really hard.
Speaker 4 (18:25):
And then we set off.
Speaker 3 (18:27):
Much later than expected, so it was much hotter than expected.
And the dog hated it.
Speaker 2 (18:34):
Oh no, why, it.
Speaker 3 (18:37):
Just wasn't enough room in there for him to maneuver,
so he kept hitting himself, and he just didn't want
to be inside, so just wanted to be outside all
the time, and it was too hot for him to
be outside. So it was just it just wasn't what
we envisioned it to be, so it didn't satisfy that
itch of you know, being away from home and you know,
(18:59):
having citing new things every day. That's still something that
I want to do. So I guess this is starting
this business is one way to get that. But also
we are wanting to start a family. And I thought, well,
I'll just wait until you know, I'm on maternity leave
to start this business. But I think I just had
to reframe it in my mind that maybe I don't
(19:22):
need to have the maternity leave pay from my work.
Speaker 4 (19:25):
Maybe I do.
Speaker 3 (19:26):
You can create and start it, maybe I can build it.
Maybe I can do it slowly. You know, there's there's
there's lots of options. And my husband's happy to step
in and help manage the business, you know, if I am.
Speaker 4 (19:40):
On maternity leave.
Speaker 3 (19:41):
So yeah, we just thought we'll give it, give it
a try, and see what happened.
Speaker 2 (19:44):
Oh how cool? I love this. You are so much
more adventurous than I will ever be, and I'm so envious,
Like it just sounds so cool to go, oh, yeah,
we're going to go live in Asia. I'm like, I
could not convince my husband even if I tried, Even
if I tried, like that is so awesome. Though I'm
obsessed with it all Right, I've got a lot of questions.
I want to talk more about your campervan, how much
(20:06):
that cost, what that journey looked like. And I also
want to discuss investments and debts and best and worse
money habits, so guys do not go anywhere money diarist.
Let's dive straight back into this with a nonstructured question.
You mentioned before you built a camper van. Right, obviously
(20:28):
that was not the best decision you've ever ever made
in your life, as it turns out. But I feel
like in the age of TikTok and Instagram and after covid,
I have romanticized fan living so much like you've just
broken it for me. I'm really sorry. Like in my
head I was like, I can grab the dog, maybe
the cats could come. We can have a van, we
can travel around Australia. We can be no bads. It's
(20:49):
going to be amazing. Tell me about how much this
actually cost to do, because I know it's still cost effective,
but I don't think it's as cheap as people think
it is.
Speaker 3 (20:59):
Yeah, so we bought the van I think for about
twenty thousand dollars and we spent probably about fifteen to
eighteen thousand dollars actually.
Speaker 4 (21:09):
Fitting it out.
Speaker 2 (21:10):
Wow.
Speaker 3 (21:11):
Yeah, So we were still working on it even when
we were on the road because our rental place had
like come to an end and we had to move
out and we were very close, so we were still adding
shelves and you know, trying to have all these little
nooks and crannies where we can actually store the things
that we need. So yeah, we were still messing around
with it when we set off. But yeah, the plan
(21:31):
was we tried to make it stealthy so that we could,
you know, be wherever we wanted to be and not
have to pay to stay somewhere every night.
Speaker 2 (21:38):
Yes, smart, smart, I've seen on TikTok. I know exactly
what you're talking about. I'm on this.
Speaker 3 (21:44):
But we got very nervous, so we were like, we
don't want to just park outside somebody's house and sleep here,
and this is strange and we can't find, you know,
a really flat area and we'd get it really frustrated
with it, so we just ended up staying in campsites. Yeah,
like ninety nine percent of the time, and we were
heading north Queensland, so I think we left maybe in
(22:07):
October or November. So by the time we got to
like the early beach kind of area, it was way
too hot on humid to stay in a van.
Speaker 2 (22:16):
I was about to say, it would be so stinking hot.
Speaker 3 (22:20):
Yeah, and the dog just really wasn't happy. He just
wanted to be outside all the time, but there was
no shade for him. He wouldn't go in the tenth
that we bought. You know. We tried all these different
things to make it more comfortable for him, but he
wasn't happy. So we ended up staying in cabins at
campsites that were pet friendly. So they were like the
(22:42):
really old, daggy, horrible places.
Speaker 2 (22:46):
Yeah, but they also would have been expensive because the
second do you say pet friendly, you put like an
extra zero on things. It's like the wedding tax, but
it's the pit tax.
Speaker 4 (22:56):
Yes.
Speaker 3 (22:57):
I was so excited about the money wins that I
would get from, you know, not having to pay rents
and how much can we save and all of this stuff,
and then yeah, it didn't quite work out like that.
Speaker 2 (23:06):
And then you had your van and you were paying
for cabins. It would have been a money loss, But
did you have fun at least some of the time.
Speaker 3 (23:15):
Oh, we did have some fun. We did have some fun.
But yeah, it's very hard to travel with pets, I think,
because you can't really leave them, so you constantly have
to have somebody with them, so it really limits what
you can do. Yeah, but I don't regret it. I
think we learned a lot and we went through a
really hard time that we got through it and we
(23:37):
got married after all that.
Speaker 4 (23:38):
It was lots of arguments.
Speaker 2 (23:39):
If you can live in a van with somebody with
a dog who doesn't even want to be there, and
still want to marry the person after like, to me,
that's the right person. You're marrying the right person. Yes, oh,
how good?
Speaker 4 (23:53):
All right?
Speaker 2 (23:53):
I want to know, let's change tune of this conversation
because I feel like maybe the van wasn't the best investment. Actually,
did you sell it? Have you still got it?
Speaker 3 (24:02):
So we sold it and it was the best investment.
Speaker 2 (24:05):
Actually, I was wondering.
Speaker 3 (24:07):
We took out I think we had credit cards to
be able to pay for it, so we managed to
pay them all off. So we had an asset that
was worth forty thousand dollars. So we sold it for
about forty or forty two thousand dollars something like that.
By the time we'd taken all the costs into consideration,
we didn't really make anything and we spent a lot
of our time building it. But yeah, we didn't lose anything.
(24:30):
But so then that gave us a good chunk of money.
Plus I'd sold my house around the same time, and
it helped us to be able to buy the house
we now live in.
Speaker 2 (24:41):
Oh hell cool. Yeah, that's the next question I have
for you. I wo don't know do you have any investments.
Obviously you have your Airbnb one. I want to know
more about that, But do you have any other investments
apart from that?
Speaker 3 (24:53):
Yes, so I partly own a house back in the
UK with my dad or with my parents. So, like
I said, dad is now doing much better. His business
is going really really well, and so he has bought
the house that like our house backs onto so he
(25:14):
can look out the window and see the house that
he's bought.
Speaker 2 (25:17):
How cool is that? Yes, that is very cool.
Speaker 3 (25:21):
So I have a part ownership in that. It's about
a fourth or a fifth of the house. So the
money that I get from that, which isn't a lot
about in pounds about one hundred pounds a month, but
that money just sits in the account and builds up,
and that's us spending money whenever we go back to
the UK to thiss.
Speaker 2 (25:41):
Oh, how good. That's so smart because like the transfer
fees would be quite pricey, and to be honest, you
don't get a whole lot when transferring out of pounds
and into aud at this point in time. It's not
that sexy.
Speaker 3 (25:54):
Yeah, so it's you know, it works really well for us.
Speaker 4 (25:56):
It means that we.
Speaker 3 (25:58):
Have to pay for our flights, but then when we're there,
we pretty much have all of our spending money when
we visit, which happens probably every two years.
Speaker 2 (26:07):
How good. Tell me about your airbnb. I feel like
this is such a smart way to invest. It's a
bit of a topical way to invest at the moment.
But you said you have a separate dwelling on the
property that you own and live in. How does that work?
Speaker 3 (26:23):
So we bought this property that had a converted two
story garage, so it was already converted into a house.
So it has a bedroom, a bathroom, a living area,
a kitchen, a separate driveway with parking, so it has
everything that you could need. It's actually really really nice.
(26:46):
It's really cute and very bright, and we live in
the Hills area, so there's lots of trees and greenery around,
so it does really well. We have guests for the
majority of the time, might be you know, four or
five nights a month.
Speaker 2 (27:03):
That's really booked that much. Yeah, oh my gosh, that
is not what I expected you to say.
Speaker 4 (27:10):
Yeah, it's great.
Speaker 3 (27:11):
And we live in an area that it's nice to
visit in winter, so even through winter we get like
really good stays. We earn about four thousand dollars a
month from it, sometimes four and a half, and then
over like the Christmas period, it can be up to
six or seven thousand dollars a month.
Speaker 2 (27:32):
Can I be pervy? What are your mortgage repayments?
Speaker 1 (27:35):
Oh?
Speaker 4 (27:35):
Good question.
Speaker 3 (27:36):
So we have a split lawn, so we have a
loan of We've got about six hundred thousand or one
part of our lan that's fixed and that is I
think seven hundred and twenty five dollars a week, and
then we have a separate portion which was one hundred thousand,
but we had to remortgage so we can fix the
(27:58):
structural issues. So it's now nearly two hundred thousand, so
we pay about two hundred dollars a week back on that,
so it's about nine hundred around about nine hundred dollars
I think that we pay.
Speaker 2 (28:10):
So, just doing some pretty basic maths, you're making more
on your airbnb than you are paying your mortgage down.
Did you think when you purchased the property that you'd
purchase that that's exactly what would happen or was it
a bit of a riscore? Was this a calculated risk?
Speaker 3 (28:27):
Now, we were quite confident I think that we would
be able to cover our mortgage costs. So there's still
expenses with that. That's not money that's going into our pocket.
We still have to pay tax on that. Of course,
we started cleaning it all ourselves, but with being made
redundant and having to you know, work in an office
and not be at home.
Speaker 4 (28:49):
We've got a cleaner.
Speaker 3 (28:49):
That comes and does all the cleans for us, and
we put you know, we we buy breakfast supplies and
put nice things in there so it feels really welcome
in and hormly. So there's on top of that. But yeah,
essentially we have friends who had done a similar thing.
So they had bought a property near where we live
(29:09):
and they had a very very tiny, like tiny airbnb
and it was going quite well for them, and we
looked at how well they were doing. They were maybe
getting three or four nights booked a week, so we
were confident that we could at least earn what our
mortgage would have been, and it was a lot less
when we first you know, when we first moved here
(29:31):
with interest rates and before we'd remortgage.
Speaker 2 (29:34):
Oh my gosh, I'm so excited to hear about this.
It's just like so pervy to be like, well, how
does that work out? Because I feel like so many
times you go is therebnb worth it? Is it not?
And I mean, you've got to be quite strategic about it.
And it sounds like you've got a smart property. As
you said before, you live in an area where it's
nice to visit in the winter as well, and that
(29:55):
would be quite important for consistent bookings. But oh my gosh,
it makes me so ex you guys. It sounds like
you're setting yourselves up for massive success, like you're starting
a business. You've got your airbnb's stuff, like you've got
a portion of the property in the UK. Like I'm
just so excited for your financial future, especially because our
conversation started with home brand packets of chips, like, yeah,
(30:17):
how good. I want to know now, obviously you just
told us a little bit about your two mortgages. So
you've got the six hundred thousand dollar loan and about
the two hundred thousand dollar loan as a split loan facility.
Do you have any other debts?
Speaker 3 (30:33):
No other debts, but a few other investments.
Speaker 2 (30:36):
Oh, tell me more about those. Sorry, I just assumed
that that's where we tapped out because it was true. Good.
Speaker 3 (30:43):
So I have a raised account, which I've had for
a few years now, I think from curing it when
I first started.
Speaker 4 (30:50):
She's on the money. Yay, yay.
Speaker 3 (30:51):
So we've got about three thousand, six hundred dollars in there,
and a month ago I started a shaesy account.
Speaker 2 (30:59):
Fantastic stick decision.
Speaker 3 (31:01):
Yeah, so I've got about seven hundred dollars in there
at the moment, And I started off putting put five
hundred dollars in and then I was doing one hundred
dollars a fortnight.
Speaker 4 (31:12):
But I'm feeling more confidence. I'm going to increase that.
Speaker 2 (31:15):
Oh all right, now you have to tell us because
cha Z's is not like raise right. Like Raise is
just you kind of go on the app, you pick
your risk profile, and it's when bam, thank you, ma'am.
It's all auto invested micro investing, right, But Chazy's you
download the app and then you have to pick your investments.
How did you pick your investments and what was your
selection criteria when going into that?
Speaker 3 (31:38):
Yeah, I tried not to worry too much about what
I was choosing. I just wanted to get in and
start learning, and so I felt that supermarkets and banks
were really solid investments. So I chose a supermarket, a bank,
a farming sort of company that I recognized to others
(32:00):
that I can't think of now, but I looked at
the five year history and ensured that they were increasing
over that five year period.
Speaker 2 (32:11):
Yeah, epic, how good? I feel like I love knowing
people's kind of like process because it can feel a
little bit overwhelming. Do you feel like you got a
little bit of analysis paralysis when you knew went to
start picking or do you feel like no, I downloaded
it at the time that I knew what I was picking.
Speaker 3 (32:28):
Yeah, I've wanted to do it for a long time,
and I'd decided that weekend that I was going to
spend time setting up investments, and I just went to
a cafe and just sat and it was overwhelming because
there was lots But I think that just listening to
the show and reading the Chaisey's blog and that kind
(32:48):
of stuff, it's taking me a really long time to
feel confident to do it. But yeah, I think I
knew bank and supermarket. That's what I wanted to do,
so I just thought, right, I'll just find one.
Speaker 4 (33:04):
Of those that I feel comfortable with.
Speaker 3 (33:07):
And then saw a few more and thought, oh, yeah,
I recognized that one.
Speaker 2 (33:10):
Oh how at that?
Speaker 4 (33:11):
I just chose that one and just got started.
Speaker 2 (33:15):
Yeah, Oh my gosh. That makes me so excited that
you're like finally in and you're finally picking things. It
makes my heart so full to know that I got
to be a little little part of that journey. And
you mentioned actually the Chersias blog like that is such
a good resource. I feel like they don't promote it enough.
I probably need to have a chat with them about that,
because there's so many good things on that blog related
(33:36):
to like stop picking and what's performing well and even
on there, I don't know if you followed them on Instagram,
but they've got their market updates, and I feel like
they're just so easy to consume, Like I'm obsessed obviously
Moving on though? Is that all our investments? Have we
wrapped it all up?
Speaker 4 (33:55):
Yes?
Speaker 2 (33:55):
Awesome?
Speaker 4 (33:56):
Oh actually, oh no, of course not.
Speaker 2 (33:58):
What else have we got a point?
Speaker 3 (34:00):
I took a risk and got some crypto.
Speaker 2 (34:04):
Yeah, how did that go?
Speaker 3 (34:05):
I can't even tell you how it went. Because somebody
encouraged us to do it and said, you've got to
get in. It's about to take off. You've really got
to do it right now. And so my friend and
I thought, oh, well, why not.
Speaker 4 (34:17):
We'll put a bit of money in.
Speaker 3 (34:18):
There's something that we don't mind losing. And I think
the maximum we could do is three hundred and sixty
ish dollars, and we've sort of both decided, okay, five
hundred dollars we can.
Speaker 4 (34:28):
We feel okay with five hundred dollars, let's give it
a try.
Speaker 3 (34:31):
But we managed to do three sixty and then immediately
after that it just started plumbting. Oh no, And so
then I haven't looked at that since, and that.
Speaker 4 (34:40):
Was probably two years ago.
Speaker 3 (34:43):
So I have no idea where it's at, whether it
actually recovered or not.
Speaker 4 (34:47):
I need to check it. I keep meaning too.
Speaker 2 (34:50):
I would check it. I don't know if you're going
to be a secret millionaire or not, but it's good
to know where things are at. I feel like a
lot of people did that. Actually, it's crazy how many
people did that and then they don't even remember their logins.
I'm like, oh my gosh, this gives me way too
much anxiety.
Speaker 3 (35:06):
I know it'll be in my email somewhere, but I'm like,
I don't even know where to.
Speaker 2 (35:09):
Where to start looking.
Speaker 4 (35:10):
It'll be there.
Speaker 3 (35:11):
I'll have the information, but I don't know it.
Speaker 2 (35:14):
Yeah, oh my head, right, Yeah, that's yeah, that's very fair.
All right, let's move back to the conversation about debt.
Did you have any other debts apart from the eight
hundred thousand dollars in loads?
Speaker 4 (35:24):
Nothing?
Speaker 2 (35:25):
Now, of course you don't. I expected nothing less.
Speaker 1 (35:29):
Now.
Speaker 2 (35:29):
I want to know, though, what do you think is
your best money habit? I feel like you might have
a few of these, given how well you have done
to set things up.
Speaker 3 (35:38):
I think at the moment, my best money habit has
been avoiding buying new items where possible. So, yeah, since
we've moved you. We have some amazing pre loved shops
in this area, so people sell their clothes that they
don't want anymore, and they're usually brand clothes that are
(35:59):
in great condition. And so I can't remember the last
time I bought something new. Well, sometimes I get things
new from there because they still have tags on them,
but you know, I'm buying somebody else's clothes, essentially money
with yes, and also things like furniture. When we moved you,
we got a lot of things off Marketplace and there's
(36:22):
some amazing.
Speaker 4 (36:23):
Facebook groups where people give.
Speaker 3 (36:25):
Things away for free, and so yeah, I'm really enjoying
the sort of community feel of I don't need this anymore,
or I got extra of these and I don't necessarily
need them, could anybody else use them? So I've got
some really cool stuff from there and given away some
cool stuff as well, which feels It feels so nice
(36:45):
to give away something that somebody else can benefit from.
Speaker 2 (36:49):
It's very wholesome as well, like it must make you
feel a lot more what would you say, like connected
with your community.
Speaker 3 (36:56):
Yeah, and it's all local stuff, so it's all people
within the few suburbs that you live in, and you'll
you know, You'll have someone come to pick up something
and they'll say, oh, you're just around the corner. I
just live, you know, on the next street down there.
Speaker 4 (37:10):
Thank you.
Speaker 3 (37:11):
It's really nice to meet, you know, meet the neighbors
and feel like moving to a different state, you know,
you sort of feel like, oh, no, I don't know anything,
I don't know anybody. But then when you start doing
that kind of stuff, it makes you feel, you know,
a bit more at home.
Speaker 2 (37:26):
I like that. I think that's also a good tip
if you have moved to a new location to kind
of start embracing the community in that way. What a
genius idea. A love Yeah, let's flip it, though less wholesome.
What's your worst money habit?
Speaker 3 (37:40):
My friend, I have a tendency to want to earn
money off anything possible.
Speaker 2 (37:47):
That's not a bad money habit, but.
Speaker 3 (37:49):
Like sacrificing my comfort for that too.
Speaker 4 (37:52):
Yeah.
Speaker 3 (37:53):
Okay, when we've bought this house, we had separate a
B and b, but we have a whole downstairs area
that we don't tend to use.
Speaker 4 (38:00):
It just me and my husband.
Speaker 3 (38:02):
So we've got quite a big house for two of us,
and so I really wanted to turn downstairs into an
ab and b as well.
Speaker 2 (38:10):
You know what, it makes sense the story checks out.
Speaker 3 (38:13):
Or into I don't know, like a beauty salon or
something that I can make money from.
Speaker 2 (38:19):
Were you going to run this beauty salon? Like where
was this going?
Speaker 3 (38:22):
No, I don't have anything to do, Like it could
be a beauty salon.
Speaker 2 (38:26):
I'm not sure who's going to run this, but it
could definitely exist.
Speaker 3 (38:30):
Yeah, well, you know, we've got all that space. What
can I do with it? Or you know, before I
got married or before I met my my husband, I
was always renting houses and always had spare rooms and
would ab and b them even then spare rooms.
Speaker 4 (38:45):
You know, I'd give.
Speaker 3 (38:46):
Up my room with the en suite and like move
all my stuff out to be able to house somebody
in there so they could have a you know, a
better experience, and I could earn like twenty dollars more
a night. That it just didn't really make sense, but yeah,
I've definitely still look at those kinds of opportunities and
(39:07):
have my husband go, I don't want anyone living downstairs.
I don't want to share my house with anybody, so like, okay.
Speaker 2 (39:13):
All right, that's fine. How about if they're upstairs. I
feel like that makes a little bit of sense. I
feel like I have learned so much about you in
the last forty minutes. I am very grateful for your time.
But oh my gosh, going from your money story being
that you grew up in the UK and your dad
got injured and couldn't work, and you know, we talked
(39:33):
all about it, I feel like your mum has probably
taught you a lot about work ethic, which I can
see coming out in your personality, which is beautiful. But
holy moly, you have done so much. An eighteen thousand
dollar wedding, You're running an airbnb, you're looking to get
another one, you already own part of a poppy in
the UK, you're investing, you have raised Like I just
(39:55):
I'm so impressed the fact that you run a business
and now you're not running a business and you're starting
a new business like while working full time like this
is just crazy to me to think that you think
you're still a B. But I want to know do
you think that your what would we call it, like
your money grade of B is applicable? But I also
(40:16):
want to know what's it take for someone like you
to gedu an A.
Speaker 3 (40:19):
I definitely still agree that I'm a bee.
Speaker 2 (40:21):
That's fair.
Speaker 3 (40:21):
There's still a lot that I want to achieve, and
I think, I guess my biggest money goal is to
not have to work, and so I'd love to have
enough properties and investments to not have to work, and
to choose to work because I, you know, because I
want to contribute to society.
Speaker 4 (40:39):
Or because I love what I do.
Speaker 3 (40:40):
But it would take lots more investments and lots more properties,
I think to get myself to that a. And yeah,
to be able to have the freedom to go and
live in Asia if I want to, or you know,
just move countries or do whatever we want.
Speaker 2 (40:55):
Oh my gosh, I feel like you are well on
the way, my friend, Like you're doing baby step and
you have definitely taken a lot of them and absolutely
gone so far. I'm so excited to share this story
with our community. Thank you so much, genuinely, like this
has been a dream to record. But I also know
that people are going to listen to this and be
like wow and what next, Like it's just it's such
(41:17):
a good story. So thank you so much.
Speaker 3 (41:19):
Thank you. It's been a pleasure to be on the show.
Speaker 2 (41:29):
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on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
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the PDS TMD and obtain appropriate financial advice tailored towards
(41:49):
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Hello, my name's Santasha Nabananga Bamblet. I'm a proud yr
the Order Kerney 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
(00:22):
through 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. She's on the Money, She's on
the Money. Hello, and welcome to She's on the Money,
(01:00):
the podcast for millennials who want financial freedom. Welcome back
to another one of our money diaries where we get
to talk 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 a message
and it went like this, Hi, She's on the Money.
Growing up in the UK, my dad got injured and
(01:21):
couldn't work, so my mom had to work two jobs
to support us. Money was the cause of most arguments.
Now I own a house that has an Airbnb and
I'm saving for another investment property plus a honeymoon. The
past year has been a roller coaster. We got engaged
and then got married three months later, found huge structural
(01:42):
issues with our home, and I got made redundant twice.
Money Diarist, Welcome to the show. When you said it's
been a roller coaster, you were not lying.
Speaker 3 (01:54):
Yeah, it's been a big year to eighteen months.
Speaker 2 (01:57):
Oh my gosh. Yes, let's dive straight in. The First
question I have been asking recently is about your money grade.
So I want to know what grade would you give
your money habits on a scale of A through to F.
Speaker 4 (02:09):
I'd say I'm a B A B all right, I.
Speaker 2 (02:12):
Want to know now though you said you grew up
in the UK and your dad got injured and you
couldn't work and your mom had two jobs. Can you
tell us a little bit more about your money story.
Speaker 4 (02:23):
Yeah.
Speaker 3 (02:23):
So I love money. I love the freedom and the
independence that it can bring. But I grew up with
a scarcity mindset and it's definitely still present and it's
something that I'm trying to work through and trying to
focus on having more of an abundance mindset. I am
definitely of the belief that money can always be replaced
(02:45):
and it can be earned, but I also get very
attached to my money and how I spend it.
Speaker 2 (02:53):
That's very relatable, that's very similar to me. What was
it like growing up with a mum who had to
work two jobs to port your family.
Speaker 4 (03:01):
Yeah, it was tough.
Speaker 3 (03:02):
My dad was injured so he couldn't work and was
studying but spent a lot of time just you know,
unable to move in bed. So she had to look
after us too, kids and him, and work jobs that
worked around being able to do the school runs and
all of that sort of stuff, and so it was
(03:22):
really tough. We didn't have much money, and I was
definitely I don't feel like I missed out on things,
but I was aware that, you know, the stuff that
I had wasn't as good as the stuff that the
kids in school had. I remember, you know, being embarrassed
about the brands of foods that I had in my
lunch box, and you know, people not wanting to swap
(03:44):
the packet of crisps or chips with me because you know,
they were the brand that was considered less quality.
Speaker 2 (03:52):
Isn't it wild that even kids understand that. And nowadays,
I don't know about your money, darist, but I'm like,
which is the cheapest we're just getting that doesn't actually
matter to me what it is. I'm like, if they're
plane chips, we're just getting the plane chips. Like I
could not care less. But I totally resonate with that
because I remember I used to get like me and
(04:14):
Grade two would get so frustrated if Mum didn't buy
the Smith's brand of chips and she went and bought
like the home brand brand of chips. She'd be like, Victoria,
they're the same, and I'd be like, you don't understand this.
Sad a symbol in my lunch box. It's wild, isn't it,
because it's it's such a smart money saving hack, Like
why wouldn't we buy that one? But it's yeah, it's
(04:34):
one of those things that I feel like it does
change the narrative around the way that you grow up.
What did that look like as you got older?
Speaker 3 (04:43):
Things definitely changed as I got older. So by the
time I was in my teens, my dad had managed
to get a degree and you know, have a business
and was teaching, and yeah, things changed pretty dramatically. And
now he's doing so well, but he still has lots
of you know, issues with its injury and has to
(05:04):
spend a lot of time resting. But yeah, things have
dramatically changed for them, but he still has the you know,
the scarcity mindset and is very I guess what we
would call tight with his money. That's how we would
describe it where I'm from.
Speaker 2 (05:20):
Yeah, do you think that that is something that was
ingrained in their upbringing as well? Or do you think
that that was a product of your dad's injury.
Speaker 3 (05:29):
So back through my dad's history, his dad was a
gambler and drank a lot, and so he didn't like
he would often spend all of his week's earnings before
the family had chance to you know, buy food and
do all that kind of stuff. So I think it's
definitely stemmed from not having money growing up.
Speaker 2 (05:53):
Where do you think your mindset is coming from then,
because I don't know. You sound like a very very
good She's on the money List night in that you're
saying all of the right things, right, You're like, it's
been a rollercoaster, but I'm doing this, I'm doing that.
I'm really trying to work on changing my mindset from
a scarcity mindset to an abundance mindset. And I feel
like our parents and often when I talk to money diarists,
(06:16):
their parents aren't often on that train. Where do you
think this want for a different money lifestyle has come from?
Because obviously finances can be systemic, like they can just
be handed down money stories.
Speaker 3 (06:31):
I think there's three parts to it. I think the
first part is my mum's always told us to well.
First of all, it was to go to UNI and
get a good job and don't sort of get the
dead end jobs that she had to do. Although I
went to UNI and dropped out after a few months,
that didn't really for me for me, And then I
guess the second part of that is I've always been
(06:54):
fiercely independent. I've always wanted to earn my own money
and work from a young age, didn't really want help
from anybody. And then the third part is when I
first moved to Australia, I was a backpacker and I
got handed an amazing opportunity to manage a business and
then actually just to have the business.
Speaker 4 (07:15):
Oh yeah, it's strange.
Speaker 3 (07:18):
It was a husband and wife business and she didn't
want to be part of the business anymore. So I
was going to become the manager and she started teaching me,
and then they went through an awful time and were
having a divorce, and.
Speaker 4 (07:32):
So she just said, look, just take it.
Speaker 3 (07:34):
You and him have it fifty to fifty and I
just want him to be able to, you know, continue
to earn money and be around for his kids. And
that opportunity was really scary. And I remember talking to
my older brother and he said, we can do anything
we put out mind to and think of like what
this opportunity could be. And so that's yeah, I think
(07:56):
those are the few things that have really shaped my
mindset before I've then found she's on the money. I
worked in the property industry and investment and so there's
been some things more recently that have helped to keep
me on that track, but I think those are the
fundamental where there's been big shifts.
Speaker 2 (08:15):
Oh my gosh, what an opportunity comes to Australia as
a backpacker gets offered an entire business, Just take it,
just take it. Oh my gosh.
Speaker 4 (08:26):
Yeah, it was crazy.
Speaker 3 (08:27):
I definitely got thrown in the deep end and had
to like sink or swim kind of situation. It was
exciting but very scary, and she was still there, like
she still was there for anything really big and hard
and confusing, and was sort of a mentor to me
in those situations. But knowing what she was going through
(08:48):
with the divorce, I really didn't want to be in
touch or need her help unless it was really really lisiary.
Speaker 2 (08:56):
Yeah that's fair. Are you still involved in that business?
Speaker 1 (09:00):
No.
Speaker 3 (09:01):
I ran the business for about ten years and then
it was an entertainment business, so COVID had a big
impact on the business.
Speaker 2 (09:09):
Would have wow.
Speaker 4 (09:10):
But I was definitely.
Speaker 3 (09:11):
Ready for a change for a long time before that,
and COVID gave me the opportunity to be able to
do that.
Speaker 4 (09:17):
For a number of reasons.
Speaker 3 (09:18):
So first of all, we had to plan so far
in advance, so we planned like a year in advance
of events, so there was never really a good time
to step away. But obviously COVID meant lots of things
were canceled, and then we had the job keeper payments,
so I was able to earn the job keeper payments
that then also bring someone else on to take on
(09:41):
the manager role and pay them and teach them and
eventually sell the business to my business partner, so he
owns it completely now and hand it off to them.
Speaker 2 (09:51):
How cool. I love this. I'm so excited about this
diary and I haven't even asked the official second question.
This is I'm so invested. I want to know now
though obviously COVID changed things and you're now in a
different area. What do you now do for work? How
much money are you earning?
Speaker 3 (10:11):
So I'm now an operations support manager for a not
for profit, so I earn ninety thousand dollars plus super.
But then as working for a not for profit, I
get to have a portion of my income tax free. Yeah,
i'd salary sacrifice part of my income, which is great.
Speaker 2 (10:31):
So how does that work? Like, how have you structured that?
Because I think a lot of people go great, I
can salary sacrifice, but then they might not set it
up in the best possible way. How have you structured yours?
Speaker 3 (10:42):
So it works out to be about six hundred and
eleven dollars a fortnight, and I put that towards my mortgage,
but essentially it just gets paid into my main bank account.
Speaker 4 (10:54):
But yeah, it's allocated to mortgage.
Speaker 3 (10:57):
So you're allowed fifteen nine hundred dollars a year for
something like that, and then you can also do I
think it's twenty six hundred and fifty dollars onto like
a meals and entertainment card which works out aboute hundred
dollars a fortnight. And so then I use that for,
you know, whenever we're eating out.
Speaker 2 (11:16):
Oh my gosh, how good. Yes, that's a bit of
a money win and something that I feel like would
work out really well with the meals and entertainment card.
I am very aware that you're not allowed to use
it for things like groceries. Actually has to be meals
and entertainment out. Do you find that, you know, what
is it like about fifty dollars a week ish? Are
(11:37):
you actually spending that or do you think it actually
forces you to go out and actually have date nights
and stuff like that.
Speaker 3 (11:42):
So it's called a fringe benefit's TAXI that's just begun
this month April, so previous to that, because I was
only in the job for about four months of the
last fringe benefits tax you, yep, I claimed that whole
amount over that four months.
Speaker 2 (11:59):
Oh money.
Speaker 3 (12:00):
It was getting about three hundred dollars a fortnight towards
food towards you know, the meals, and about seventeen hundred
dollars I think a fortnight towards my mortgage. It was great.
Last year was great. I was worried about the change
and what it would mean.
Speaker 2 (12:16):
Going back to normal.
Speaker 3 (12:17):
Ass Yes, and I think it's about two hundred dollars
a week less off now.
Speaker 4 (12:23):
But it's still great.
Speaker 3 (12:24):
But yeah, we were getting about three hundred dollars a
week and we actually were able to save that up
and pay for the catering or part of the catering
for our wedding.
Speaker 2 (12:34):
Oh my gosh, so smart. So you are using it intelligently.
I love to see this, I am.
Speaker 3 (12:43):
But then the wedding finished and there was quite a
lot of money building up, so we had some really
fancy date nights, which oh cute, not mad about. We
like to have a good date night.
Speaker 2 (12:51):
I appreciate that as well. When it counter planning for
your wedding, obviously that's a good money saving hack and tip.
What did your wedding end up costing? Because in your
letter into us you said we got engaged and we
got married three months later. That's not a lot of
planning time. I planned my wedding in twelve months, and
I thought that wasn't enough time.
Speaker 3 (13:13):
Yeah, we didn't realize I think when we took on that.
I think we spent the first month just trying to
figure out what we wanted to do, when we wanted
to get married, where we wanted to get married, with
both from the UK, so our family is largely based there.
Speaker 4 (13:29):
And then my.
Speaker 3 (13:30):
Husband's parents were visiting and his auntie and uncle were
visiting in January February, and we didn't want to make
them come out again, and we just thought, let's just
do it while they're here.
Speaker 4 (13:42):
So my parents flew out as well.
Speaker 2 (13:44):
Oh my gosh, how lucky.
Speaker 3 (13:46):
Yeah, and we kept it really small. We had thirty
four guests there, which definitely helped keep the cost down.
So we lived in Queensland and about eighteen months ago
we relocated to say South Australia. So we went back
to Queensland to get married where most of our friends
still are and my brother lives there. And so the
(14:08):
wedding cost about eighteen thousand dollars, but that doesn't include
any of the travel costs.
Speaker 2 (14:14):
Do you know what? That is such a reasonable price
for a wedding these days.
Speaker 3 (14:18):
I wanted to do it for ten thousand dollars, and
I realized very quickly that that wasn't possible. But we had,
you know, all the main things that we really wanted,
and yeah, it went really well.
Speaker 2 (14:28):
What blew out the most? What took it from your
expectation of hoping it would be ten thousand dollars to
being eighteen. What was the biggest surprise?
Speaker 3 (14:36):
It was the venue. So we were going to just
get married on the beach and then go to a
restaurant and hire out the restaurant and have dinner and
drinks there. But we while reassoching, we came across a
venue that was right on the beach that you could
have the wedding there and then just walk inside.
Speaker 2 (14:54):
And oh, of perfect.
Speaker 4 (14:56):
It was a lot more.
Speaker 3 (14:57):
Expensive, but I just fell in love like the right
thing to do, So that's what we went with love.
Speaker 2 (15:03):
I'll have to ask for some photos later. I am
so wedding obsessed, it's not funny. So the wedding's over.
You've obviously got some structural issues with your home at
the moment, which I'm going to ask about in a minute,
But I want to know what is currently your big
money goal. What are you working towards We.
Speaker 3 (15:19):
Have an airbnb at the house that we live in now,
so it's a separate dwelling and we would like to
have another airbnb, so that's been the goal for a while,
and we want to buy one in Queensland because we
eventually will move back there. So we're trying to figure
(15:39):
out how much the work and the house is going
to cost to you know, how much we've got available,
and how long it's going to take.
Speaker 4 (15:45):
Us to be able to do that.
Speaker 3 (15:48):
But the second one is that I am starting a business.
Speaker 2 (15:52):
Oh my gosh, of course you are. Yes, of course
you are lucky. You didn't have enough on.
Speaker 3 (15:57):
So yeah, I tried to start a business, said the
mid last year, and got made redundant and so decided
to find another job and you know, get myself on
my feet, and then we got engaged in marriage and
all that stuff happened. So I'm back to having time
to think about the business now. The business just registered
(16:18):
about an hour ago. Email Sistered.
Speaker 2 (16:23):
Isn't that the best feeling ever? It's like the ball
has started rolling, my friend.
Speaker 3 (16:28):
Yeah, it's awesome. So we're just working on finalizing the
website and all of that. Sort of stuff. So I
guess the plan is to eventually replace my income with
my new business, or at least be able to work
on that three days a week and be able to
you know, continue with my current employer a couple of
days a week. Two.
Speaker 2 (16:48):
How exciting. So obviously starting business is a really big undertaking.
What are your main motivations for this? You said, you know,
replacing your income?
Speaker 4 (16:57):
Is it?
Speaker 2 (16:57):
Like more flexibility? Is it so you can travel? Is
so you can start a family? Like what does that
look like for you?
Speaker 3 (17:03):
Yeah, it's all of the above. Before COVID, we wanted
to go and live in Asia for a few months
and that then obviously COVID prevented that. But we had
the perfect setup. So my partner has a business as well,
and I was working, you know, I had my entertainment business,
so we could have just done that overseas.
Speaker 2 (17:24):
How cool you guys sound so fun?
Speaker 3 (17:29):
Yeah, we we're definitely adventurers. I think I'd love to
do that, Like I still have that part of me
hasn't been fulfilled. We did build a camper van and
travel Australia for a little bit. As like the we
can't go to Asia, so let's do this instead. But
it was a complete disaster. Why, oh, just it was
so hard building a camper van. Like my husband's amazing,
(17:52):
but he doesn't have any you know, background or skills
in that area.
Speaker 4 (17:56):
He just youtubes and figures.
Speaker 2 (17:58):
Stuff out exactly how I would do it.
Speaker 3 (18:00):
Yeah, and I did say, you know, from the beginning
that it would be something he would do when I'll
just watch and I'll you know, be the cheerleader. But
our expectations are very different. So he was found it
really difficult that I wasn't as invested or like, had
as much energy or for the build as he did
in the beginning I did. And then it took way
(18:21):
longer than I wanted it to, so it became really
really hard.
Speaker 4 (18:25):
And then we set off.
Speaker 3 (18:27):
Much later than expected, so it was much hotter than expected.
And the dog hated it.
Speaker 2 (18:34):
Oh no, why, it.
Speaker 3 (18:37):
Just wasn't enough room in there for him to maneuver,
so he kept hitting himself, and he just didn't want
to be inside, so just wanted to be outside all
the time, and it was too hot for him to
be outside. So it was just it just wasn't what
we envisioned it to be, so it didn't satisfy that
itch of you know, being away from home and you know,
(18:59):
having citing new things every day. That's still something that
I want to do. So I guess this is starting
this business is one way to get that. But also
we are wanting to start a family. And I thought, well,
I'll just wait until you know, I'm on maternity leave
to start this business. But I think I just had
to reframe it in my mind that maybe I don't
(19:22):
need to have the maternity leave pay from my work.
Speaker 4 (19:25):
Maybe I do.
Speaker 3 (19:26):
You can create and start it, maybe I can build it.
Maybe I can do it slowly. You know, there's there's
there's lots of options. And my husband's happy to step
in and help manage the business, you know, if I am.
Speaker 4 (19:40):
On maternity leave.
Speaker 3 (19:41):
So yeah, we just thought we'll give it, give it
a try, and see what happened.
Speaker 2 (19:44):
Oh how cool? I love this. You are so much
more adventurous than I will ever be, and I'm so envious,
Like it just sounds so cool to go, oh, yeah,
we're going to go live in Asia. I'm like, I
could not convince my husband even if I tried, Even
if I tried, like that is so awesome. Though I'm
obsessed with it all Right, I've got a lot of questions.
I want to talk more about your campervan, how much
(20:06):
that cost, what that journey looked like. And I also
want to discuss investments and debts and best and worse
money habits, so guys do not go anywhere money diarist.
Let's dive straight back into this with a nonstructured question.
You mentioned before you built a camper van. Right, obviously
(20:28):
that was not the best decision you've ever ever made
in your life, as it turns out. But I feel
like in the age of TikTok and Instagram and after covid,
I have romanticized fan living so much like you've just
broken it for me. I'm really sorry. Like in my
head I was like, I can grab the dog, maybe
the cats could come. We can have a van, we
can travel around Australia. We can be no bads. It's
(20:49):
going to be amazing. Tell me about how much this
actually cost to do, because I know it's still cost effective,
but I don't think it's as cheap as people think
it is.
Speaker 3 (20:59):
Yeah, so we bought the van I think for about
twenty thousand dollars and we spent probably about fifteen to
eighteen thousand dollars actually.
Speaker 4 (21:09):
Fitting it out.
Speaker 2 (21:10):
Wow.
Speaker 3 (21:11):
Yeah, So we were still working on it even when
we were on the road because our rental place had
like come to an end and we had to move
out and we were very close, so we were still adding
shelves and you know, trying to have all these little
nooks and crannies where we can actually store the things
that we need. So yeah, we were still messing around
with it when we set off. But yeah, the plan
(21:31):
was we tried to make it stealthy so that we could,
you know, be wherever we wanted to be and not
have to pay to stay somewhere every night.
Speaker 2 (21:38):
Yes, smart, smart, I've seen on TikTok. I know exactly
what you're talking about. I'm on this.
Speaker 3 (21:44):
But we got very nervous, so we were like, we
don't want to just park outside somebody's house and sleep here,
and this is strange and we can't find, you know,
a really flat area and we'd get it really frustrated
with it, so we just ended up staying in campsites. Yeah,
like ninety nine percent of the time, and we were
heading north Queensland, so I think we left maybe in
(22:07):
October or November. So by the time we got to
like the early beach kind of area, it was way
too hot on humid to stay in a van.
Speaker 2 (22:16):
I was about to say, it would be so stinking hot.
Speaker 3 (22:20):
Yeah, and the dog just really wasn't happy. He just
wanted to be outside all the time, but there was
no shade for him. He wouldn't go in the tenth
that we bought. You know. We tried all these different
things to make it more comfortable for him, but he
wasn't happy. So we ended up staying in cabins at
campsites that were pet friendly. So they were like the
(22:42):
really old, daggy, horrible places.
Speaker 2 (22:46):
Yeah, but they also would have been expensive because the
second do you say pet friendly, you put like an
extra zero on things. It's like the wedding tax, but
it's the pit tax.
Speaker 4 (22:56):
Yes.
Speaker 3 (22:57):
I was so excited about the money wins that I
would get from, you know, not having to pay rents
and how much can we save and all of this stuff,
and then yeah, it didn't quite work out like that.
Speaker 2 (23:06):
And then you had your van and you were paying
for cabins. It would have been a money loss, But
did you have fun at least some of the time.
Speaker 3 (23:15):
Oh, we did have some fun. We did have some fun.
But yeah, it's very hard to travel with pets, I think,
because you can't really leave them, so you constantly have
to have somebody with them, so it really limits what
you can do. Yeah, but I don't regret it. I
think we learned a lot and we went through a
really hard time that we got through it and we
(23:37):
got married after all that.
Speaker 4 (23:38):
It was lots of arguments.
Speaker 2 (23:39):
If you can live in a van with somebody with
a dog who doesn't even want to be there, and
still want to marry the person after like, to me,
that's the right person. You're marrying the right person. Yes, oh,
how good?
Speaker 4 (23:53):
All right?
Speaker 2 (23:53):
I want to know, let's change tune of this conversation
because I feel like maybe the van wasn't the best investment. Actually,
did you sell it? Have you still got it?
Speaker 3 (24:02):
So we sold it and it was the best investment.
Speaker 2 (24:05):
Actually, I was wondering.
Speaker 3 (24:07):
We took out I think we had credit cards to
be able to pay for it, so we managed to
pay them all off. So we had an asset that
was worth forty thousand dollars. So we sold it for
about forty or forty two thousand dollars something like that.
By the time we'd taken all the costs into consideration,
we didn't really make anything and we spent a lot
of our time building it. But yeah, we didn't lose anything.
(24:30):
But so then that gave us a good chunk of money.
Plus I'd sold my house around the same time, and
it helped us to be able to buy the house
we now live in.
Speaker 2 (24:41):
Oh hell cool. Yeah, that's the next question I have
for you. I wo don't know do you have any investments.
Obviously you have your Airbnb one. I want to know
more about that, But do you have any other investments
apart from that?
Speaker 3 (24:53):
Yes, so I partly own a house back in the
UK with my dad or with my parents. So, like
I said, dad is now doing much better. His business
is going really really well, and so he has bought
the house that like our house backs onto so he
(25:14):
can look out the window and see the house that
he's bought.
Speaker 2 (25:17):
How cool is that? Yes, that is very cool.
Speaker 3 (25:21):
So I have a part ownership in that. It's about
a fourth or a fifth of the house. So the
money that I get from that, which isn't a lot
about in pounds about one hundred pounds a month, but
that money just sits in the account and builds up,
and that's us spending money whenever we go back to
the UK to thiss.
Speaker 2 (25:41):
Oh, how good. That's so smart because like the transfer
fees would be quite pricey, and to be honest, you
don't get a whole lot when transferring out of pounds
and into aud at this point in time. It's not
that sexy.
Speaker 3 (25:54):
Yeah, so it's you know, it works really well for us.
Speaker 4 (25:56):
It means that we.
Speaker 3 (25:58):
Have to pay for our flights, but then when we're there,
we pretty much have all of our spending money when
we visit, which happens probably every two years.
Speaker 2 (26:07):
How good. Tell me about your airbnb. I feel like
this is such a smart way to invest. It's a
bit of a topical way to invest at the moment.
But you said you have a separate dwelling on the
property that you own and live in. How does that work?
Speaker 3 (26:23):
So we bought this property that had a converted two
story garage, so it was already converted into a house.
So it has a bedroom, a bathroom, a living area,
a kitchen, a separate driveway with parking, so it has
everything that you could need. It's actually really really nice.
(26:46):
It's really cute and very bright, and we live in
the Hills area, so there's lots of trees and greenery around,
so it does really well. We have guests for the
majority of the time, might be you know, four or
five nights a month.
Speaker 2 (27:03):
That's really booked that much. Yeah, oh my gosh, that
is not what I expected you to say.
Speaker 4 (27:10):
Yeah, it's great.
Speaker 3 (27:11):
And we live in an area that it's nice to
visit in winter, so even through winter we get like
really good stays. We earn about four thousand dollars a
month from it, sometimes four and a half, and then
over like the Christmas period, it can be up to
six or seven thousand dollars a month.
Speaker 2 (27:32):
Can I be pervy? What are your mortgage repayments?
Speaker 1 (27:35):
Oh?
Speaker 4 (27:35):
Good question.
Speaker 3 (27:36):
So we have a split lawn, so we have a
loan of We've got about six hundred thousand or one
part of our lan that's fixed and that is I
think seven hundred and twenty five dollars a week, and
then we have a separate portion which was one hundred thousand,
but we had to remortgage so we can fix the
(27:58):
structural issues. So it's now nearly two hundred thousand, so
we pay about two hundred dollars a week back on that,
so it's about nine hundred around about nine hundred dollars
I think that we pay.
Speaker 2 (28:10):
So, just doing some pretty basic maths, you're making more
on your airbnb than you are paying your mortgage down.
Did you think when you purchased the property that you'd
purchase that that's exactly what would happen or was it
a bit of a riscore? Was this a calculated risk?
Speaker 3 (28:27):
Now, we were quite confident I think that we would
be able to cover our mortgage costs. So there's still
expenses with that. That's not money that's going into our pocket.
We still have to pay tax on that. Of course,
we started cleaning it all ourselves, but with being made
redundant and having to you know, work in an office
and not be at home.
Speaker 4 (28:49):
We've got a cleaner.
Speaker 3 (28:49):
That comes and does all the cleans for us, and
we put you know, we we buy breakfast supplies and
put nice things in there so it feels really welcome
in and hormly. So there's on top of that. But yeah,
essentially we have friends who had done a similar thing.
So they had bought a property near where we live
(29:09):
and they had a very very tiny, like tiny airbnb
and it was going quite well for them, and we
looked at how well they were doing. They were maybe
getting three or four nights booked a week, so we
were confident that we could at least earn what our
mortgage would have been, and it was a lot less
when we first you know, when we first moved here
(29:31):
with interest rates and before we'd remortgage.
Speaker 2 (29:34):
Oh my gosh, I'm so excited to hear about this.
It's just like so pervy to be like, well, how
does that work out? Because I feel like so many
times you go is therebnb worth it? Is it not?
And I mean, you've got to be quite strategic about it.
And it sounds like you've got a smart property. As
you said before, you live in an area where it's
nice to visit in the winter as well, and that
(29:55):
would be quite important for consistent bookings. But oh my gosh,
it makes me so ex you guys. It sounds like
you're setting yourselves up for massive success, like you're starting
a business. You've got your airbnb's stuff, like you've got
a portion of the property in the UK. Like I'm
just so excited for your financial future, especially because our
conversation started with home brand packets of chips, like, yeah,
(30:17):
how good. I want to know now, obviously you just
told us a little bit about your two mortgages. So
you've got the six hundred thousand dollar loan and about
the two hundred thousand dollar loan as a split loan facility.
Do you have any other debts?
Speaker 3 (30:33):
No other debts, but a few other investments.
Speaker 2 (30:36):
Oh, tell me more about those. Sorry, I just assumed
that that's where we tapped out because it was true. Good.
Speaker 3 (30:43):
So I have a raised account, which I've had for
a few years now, I think from curing it when
I first started.
Speaker 4 (30:50):
She's on the money. Yay, yay.
Speaker 3 (30:51):
So we've got about three thousand, six hundred dollars in there,
and a month ago I started a shaesy account.
Speaker 2 (30:59):
Fantastic stick decision.
Speaker 3 (31:01):
Yeah, so I've got about seven hundred dollars in there
at the moment, And I started off putting put five
hundred dollars in and then I was doing one hundred
dollars a fortnight.
Speaker 4 (31:12):
But I'm feeling more confidence. I'm going to increase that.
Speaker 2 (31:15):
Oh all right, now you have to tell us because
cha Z's is not like raise right. Like Raise is
just you kind of go on the app, you pick
your risk profile, and it's when bam, thank you, ma'am.
It's all auto invested micro investing, right, But Chazy's you
download the app and then you have to pick your investments.
How did you pick your investments and what was your
selection criteria when going into that?
Speaker 3 (31:38):
Yeah, I tried not to worry too much about what
I was choosing. I just wanted to get in and
start learning, and so I felt that supermarkets and banks
were really solid investments. So I chose a supermarket, a bank,
a farming sort of company that I recognized to others
(32:00):
that I can't think of now, but I looked at
the five year history and ensured that they were increasing
over that five year period.
Speaker 2 (32:11):
Yeah, epic, how good? I feel like I love knowing
people's kind of like process because it can feel a
little bit overwhelming. Do you feel like you got a
little bit of analysis paralysis when you knew went to
start picking or do you feel like no, I downloaded
it at the time that I knew what I was picking.
Speaker 3 (32:28):
Yeah, I've wanted to do it for a long time,
and I'd decided that weekend that I was going to
spend time setting up investments, and I just went to
a cafe and just sat and it was overwhelming because
there was lots But I think that just listening to
the show and reading the Chaisey's blog and that kind
(32:48):
of stuff, it's taking me a really long time to
feel confident to do it. But yeah, I think I
knew bank and supermarket. That's what I wanted to do,
so I just thought, right, I'll just find one.
Speaker 4 (33:04):
Of those that I feel comfortable with.
Speaker 3 (33:07):
And then saw a few more and thought, oh, yeah,
I recognized that one.
Speaker 2 (33:10):
Oh how at that?
Speaker 4 (33:11):
I just chose that one and just got started.
Speaker 2 (33:15):
Yeah, Oh my gosh. That makes me so excited that
you're like finally in and you're finally picking things. It
makes my heart so full to know that I got
to be a little little part of that journey. And
you mentioned actually the Chersias blog like that is such
a good resource. I feel like they don't promote it enough.
I probably need to have a chat with them about that,
because there's so many good things on that blog related
(33:36):
to like stop picking and what's performing well and even
on there, I don't know if you followed them on Instagram,
but they've got their market updates, and I feel like
they're just so easy to consume, Like I'm obsessed obviously
Moving on though? Is that all our investments? Have we
wrapped it all up?
Speaker 4 (33:55):
Yes?
Speaker 2 (33:55):
Awesome?
Speaker 4 (33:56):
Oh actually, oh no, of course not.
Speaker 2 (33:58):
What else have we got a point?
Speaker 3 (34:00):
I took a risk and got some crypto.
Speaker 2 (34:04):
Yeah, how did that go?
Speaker 3 (34:05):
I can't even tell you how it went. Because somebody
encouraged us to do it and said, you've got to
get in. It's about to take off. You've really got
to do it right now. And so my friend and
I thought, oh, well, why not.
Speaker 4 (34:17):
We'll put a bit of money in.
Speaker 3 (34:18):
There's something that we don't mind losing. And I think
the maximum we could do is three hundred and sixty
ish dollars, and we've sort of both decided, okay, five
hundred dollars we can.
Speaker 4 (34:28):
We feel okay with five hundred dollars, let's give it
a try.
Speaker 3 (34:31):
But we managed to do three sixty and then immediately
after that it just started plumbting. Oh no, And so
then I haven't looked at that since, and that.
Speaker 4 (34:40):
Was probably two years ago.
Speaker 3 (34:43):
So I have no idea where it's at, whether it
actually recovered or not.
Speaker 4 (34:47):
I need to check it. I keep meaning too.
Speaker 2 (34:50):
I would check it. I don't know if you're going
to be a secret millionaire or not, but it's good
to know where things are at. I feel like a
lot of people did that. Actually, it's crazy how many
people did that and then they don't even remember their logins.
I'm like, oh my gosh, this gives me way too
much anxiety.
Speaker 3 (35:06):
I know it'll be in my email somewhere, but I'm like,
I don't even know where to.
Speaker 2 (35:09):
Where to start looking.
Speaker 4 (35:10):
It'll be there.
Speaker 3 (35:11):
I'll have the information, but I don't know it.
Speaker 2 (35:14):
Yeah, oh my head, right, Yeah, that's yeah, that's very fair.
All right, let's move back to the conversation about debt.
Did you have any other debts apart from the eight
hundred thousand dollars in loads?
Speaker 4 (35:24):
Nothing?
Speaker 2 (35:25):
Now, of course you don't. I expected nothing less.
Speaker 1 (35:29):
Now.
Speaker 2 (35:29):
I want to know, though, what do you think is
your best money habit? I feel like you might have
a few of these, given how well you have done
to set things up.
Speaker 3 (35:38):
I think at the moment, my best money habit has
been avoiding buying new items where possible. So, yeah, since
we've moved you. We have some amazing pre loved shops
in this area, so people sell their clothes that they
don't want anymore, and they're usually brand clothes that are
(35:59):
in great condition. And so I can't remember the last
time I bought something new. Well, sometimes I get things
new from there because they still have tags on them,
but you know, I'm buying somebody else's clothes, essentially money
with yes, and also things like furniture. When we moved you,
we got a lot of things off Marketplace and there's
(36:22):
some amazing.
Speaker 4 (36:23):
Facebook groups where people give.
Speaker 3 (36:25):
Things away for free, and so yeah, I'm really enjoying
the sort of community feel of I don't need this anymore,
or I got extra of these and I don't necessarily
need them, could anybody else use them? So I've got
some really cool stuff from there and given away some
cool stuff as well, which feels It feels so nice
(36:45):
to give away something that somebody else can benefit from.
Speaker 2 (36:49):
It's very wholesome as well, like it must make you
feel a lot more what would you say, like connected
with your community.
Speaker 3 (36:56):
Yeah, and it's all local stuff, so it's all people
within the few suburbs that you live in, and you'll
you know, You'll have someone come to pick up something
and they'll say, oh, you're just around the corner. I
just live, you know, on the next street down there.
Speaker 4 (37:10):
Thank you.
Speaker 3 (37:11):
It's really nice to meet, you know, meet the neighbors
and feel like moving to a different state, you know,
you sort of feel like, oh, no, I don't know anything,
I don't know anybody. But then when you start doing
that kind of stuff, it makes you feel, you know,
a bit more at home.
Speaker 2 (37:26):
I like that. I think that's also a good tip
if you have moved to a new location to kind
of start embracing the community in that way. What a
genius idea. A love Yeah, let's flip it, though less wholesome.
What's your worst money habit?
Speaker 3 (37:40):
My friend, I have a tendency to want to earn
money off anything possible.
Speaker 2 (37:47):
That's not a bad money habit, but.
Speaker 3 (37:49):
Like sacrificing my comfort for that too.
Speaker 4 (37:52):
Yeah.
Speaker 3 (37:53):
Okay, when we've bought this house, we had separate a
B and b, but we have a whole downstairs area
that we don't tend to use.
Speaker 4 (38:00):
It just me and my husband.
Speaker 3 (38:02):
So we've got quite a big house for two of us,
and so I really wanted to turn downstairs into an
ab and b as well.
Speaker 2 (38:10):
You know what, it makes sense the story checks out.
Speaker 3 (38:13):
Or into I don't know, like a beauty salon or
something that I can make money from.
Speaker 2 (38:19):
Were you going to run this beauty salon? Like where
was this going?
Speaker 3 (38:22):
No, I don't have anything to do, Like it could
be a beauty salon.
Speaker 2 (38:26):
I'm not sure who's going to run this, but it
could definitely exist.
Speaker 3 (38:30):
Yeah, well, you know, we've got all that space. What
can I do with it? Or you know, before I
got married or before I met my my husband, I
was always renting houses and always had spare rooms and
would ab and b them even then spare rooms.
Speaker 4 (38:45):
You know, I'd give.
Speaker 3 (38:46):
Up my room with the en suite and like move
all my stuff out to be able to house somebody
in there so they could have a you know, a
better experience, and I could earn like twenty dollars more
a night. That it just didn't really make sense, but yeah,
I've definitely still look at those kinds of opportunities and
(39:07):
have my husband go, I don't want anyone living downstairs.
I don't want to share my house with anybody, so like, okay.
Speaker 2 (39:13):
All right, that's fine. How about if they're upstairs. I
feel like that makes a little bit of sense. I
feel like I have learned so much about you in
the last forty minutes. I am very grateful for your time.
But oh my gosh, going from your money story being
that you grew up in the UK and your dad
got injured and couldn't work, and you know, we talked
(39:33):
all about it, I feel like your mum has probably
taught you a lot about work ethic, which I can
see coming out in your personality, which is beautiful. But
holy moly, you have done so much. An eighteen thousand
dollar wedding, You're running an airbnb, you're looking to get
another one, you already own part of a poppy in
the UK, you're investing, you have raised Like I just
(39:55):
I'm so impressed the fact that you run a business
and now you're not running a business and you're starting
a new business like while working full time like this
is just crazy to me to think that you think
you're still a B. But I want to know do
you think that your what would we call it, like
your money grade of B is applicable? But I also
(40:16):
want to know what's it take for someone like you
to gedu an A.
Speaker 3 (40:19):
I definitely still agree that I'm a bee.
Speaker 2 (40:21):
That's fair.
Speaker 3 (40:21):
There's still a lot that I want to achieve, and
I think, I guess my biggest money goal is to
not have to work, and so I'd love to have
enough properties and investments to not have to work, and
to choose to work because I, you know, because I
want to contribute to society.
Speaker 4 (40:39):
Or because I love what I do.
Speaker 3 (40:40):
But it would take lots more investments and lots more properties,
I think to get myself to that a. And yeah,
to be able to have the freedom to go and
live in Asia if I want to, or you know,
just move countries or do whatever we want.
Speaker 2 (40:55):
Oh my gosh, I feel like you are well on
the way, my friend, Like you're doing baby step and
you have definitely taken a lot of them and absolutely
gone so far. I'm so excited to share this story
with our community. Thank you so much, genuinely, like this
has been a dream to record. But I also know
that people are going to listen to this and be
like wow and what next, Like it's just it's such
(41:17):
a good story. So thank you so much.
Speaker 3 (41:19):
Thank you. It's been a pleasure to be on the show.
Speaker 2 (41:29):
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 choose to buy a financial product, read
the PDS TMD and obtain appropriate financial advice tailored towards
(41:49):
your needs. Victoria Divine and She's on the Money are
authorized representatives of Money showper pty Ltd ABN three two
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