October 19, 2025 • 54 mins
Ever done something just because it’s what you’re supposed to do? Well, this week's diarist did the opposite. While everyone else was drowning in student debt and instant noodles, she was saving, flying, and somehow adulting better than all of us. She bought a house in her early twenties, lived overseas for years, and came home with more life experience than any degree could buy. Spoiler: doing life “out of order” might’ve been the smartest move she ever made. Inside this diary, we get into skipping-uni guilt, working smarter than your parents planned for, and how to build a life that actually feels good, not just looks good on LinkedIn.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
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 your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name's Aatasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya Niana,
kaka ya Ya bin Ahaka Nian our gay In Nimbina
yakarum jar Dominyama, domaga Itawakaman, damon Imlan bomber bang Gadabomba
in and now in wakah Ghana yak raum jar Watnadaa. Hello,
(00:22):
beautiful friends, we gather on the lands of the Aboriginal people.
We thank acknowledge and respect the Abigin people's land that
we're gathering on today. Take pleasure in all the land
and respect all that you see. She's on the Money
podcast acknowledges culture, country, community and connections, bringing you the tools,
knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money.
Speaker 3 (01:07):
Hello, and welcome to She's on the Money, the podcast
that lets you be pervy about other people's money stories
for educational purposes of course. Welcome back to another one
of our money daries, where I get the absolute pleasure
of sitting down with one of our Shees on the
Money community members and talking to them about all the
nitty gritty details of their money story. Let's jump straight
(01:27):
into it, because this week I got an email and
it sounded identical to this dear she's on the money.
I started working at fourteen, and then I met my
husband at sixteen. We skipped uni, went straight into full
time work and saved hard. We were living at home
and desperately wanted our own space, So at twenty two
(01:48):
years old, we bought our first home. Then we rented
it out while we spent four years overseas on the
ultimate working honeymoon. We came back, sold that house and
eventually settled into our dream home, and now we have
two babies. We never thought we were quote good with money,
but maybe we've done all right after all, money diarist, Yeah,
(02:10):
you have done all right after all, haven't you.
Speaker 2 (02:12):
Yeah, looking back over it, yes we've done pretty good.
Speaker 3 (02:16):
I am so excited for this money story, like it
just feels oh. I also just love love, Like I've
just got so many. When people are like, oh I
met my partner or my husband or my wife or whatever,
I'm like, oh, tell me, Like I want the pervy details.
This isn't like you know, money questions, but like I
need the dirt. So let's jump into it. Before I
ask any more pervy questions. I want to know if
(02:39):
I asked you to give yourself a money grade from
A three to F, what would you grade yourself?
Speaker 2 (02:44):
I would say a B minus at the moment, B minus.
Speaker 3 (02:47):
All right, let's go with that, And now can you
tell me a little bit more about the nitty gritty
of your money story.
Speaker 4 (02:52):
Yeah, so, I guess the first kind of memories of
money I have is probably as a kid.
Speaker 2 (02:59):
We came from a well, I have two sisters, and
my dad worked.
Speaker 4 (03:04):
Mom was a stay at home mom, and from stories
that they've told us, they worked and saved really hard.
Speaker 2 (03:12):
But as kids we wouldn't have known that.
Speaker 4 (03:15):
They instilled that if you want want certain things, you
work for it, save up and then you can purchase
it with your own money. So we had chores and
pocket money and stuff. But it wasn't until I really
wanted a mobile phone that I guess they put their
foot down and the only way to get a phone
(03:38):
at that point was to be able to pay for
it myself. And so I was actually sixteen when I
started work, but started working at the glamorous McDonald's.
Speaker 3 (03:50):
No sorry, that's a great first job.
Speaker 2 (03:53):
It is a great person job. And yeah worked therefore
would be nearly eight years or something like that, but
mainly to be able to pay for a teeny tiny
Samsung flip phone.
Speaker 3 (04:07):
I was about to ask, what phone did you want?
Because you're thirty five and I'm thirty four, so I
feel like we're on the same page about what phones
we wanted. So Samsung flip phone. Was that the one
with the little screen on the front that had the time? Yes, yep, yep, sexy,
I love it.
Speaker 4 (04:20):
Yes, So yeah, I bought the phone had the prepaid
credit on it. One of those friends where you freaked
out if you accidentally hit the internet.
Speaker 2 (04:30):
Because it would suck it all up.
Speaker 3 (04:31):
Oh yeah, don't do that. That's expensive. Yep, yep, yep.
And also only text your friends after eight pm because like,
we're not spending fifty five cents on a text, eh, exactly.
Speaker 2 (04:41):
And then I was always a saber. I've always put
money aside into savings.
Speaker 4 (04:47):
When I finished school, it was the goal was by
a car, and I did that. We went and got
a personal loan. It was like a we maybe did
it as like a ten year personal loan or something,
and it wasn't a huge amount, probably like eight thousand.
I mean not a huge amount.
Speaker 2 (05:09):
At eighteen, it's a huge amount, eight thousand dollars.
Speaker 4 (05:11):
But I paid it off within like two or three
years because everything went to that and I was living
at home still with mum and.
Speaker 2 (05:21):
Dad at that point.
Speaker 4 (05:23):
Had started dating my now husband at eighteen, and yeah,
so everything went towards saving and paying off the car loan,
which we did really quickly, and then it was working
with my husband to save up for a house. We
(05:45):
both school was not our thing, so we both deferred
UNI and then got the taste of full time work
and full time income and both decided.
Speaker 2 (05:55):
We weren't willing to give that up ever, So we.
Speaker 4 (06:01):
Lived between our parents' houses for two or three years. Well,
we saved up for a house. We actually never lived together,
I guess officially lived together until we bought our house,
but we did do some house sitting to test the
waters see if we could live together.
Speaker 3 (06:23):
Yeah, that's a good thing to do. So did you
meet your husband at school or at your job?
Speaker 4 (06:28):
So we met at McDonald's at the age of sixteen,
working together Maca's Love Stories it is.
Speaker 2 (06:35):
And then started dating when we were eighteen.
Speaker 3 (06:38):
Oh my god, so you knew each other for two
years before that happened. I need to know, like who
had a crush on who first? Like did you have
a crush on each other the whole time? Or like
how did it become We knew each other for two
years and then we started dating.
Speaker 4 (06:50):
Yeah, so I think we were just in like the
same kind of friendship group at McDonald's and then it
just blossomed from there at some point.
Speaker 2 (06:59):
I can't really remember who had a crush on who first,
but that's cute.
Speaker 3 (07:05):
And then tell me a little bit more about that.
So you like bought your first house, Like when did
you get married, because you said that, you know, you
went on the ultimate working honeymoon. How old were you
when you guys were like, okay, let's get married.
Speaker 4 (07:18):
Yeah, So we bought our house at twenty two back
in twenty eleven, just before he turned twenty one, and
then we decided to get married in twenty fourteen. Because
the plan was always to travel, the timing of it
was never certain until we decided it was better to
(07:40):
get into.
Speaker 2 (07:41):
The property market first. So we actually actually got that
advice from another McDonald's manager when I was out on
a course and he was like, no, get into the
property market first, then rented out and travel And so
I took the advice of a random maca's manager.
Speaker 3 (07:57):
You know what, sometimes it works sometimes.
Speaker 2 (08:00):
And it worked out beautifully.
Speaker 4 (08:02):
So we rented the house out from twenty fourteen to
twenty and eighteen, and in that time we spent two
years living in London jumping about Europe. The rent covered
the mortgage plus a little bit.
Speaker 3 (08:19):
Oh my god, how good.
Speaker 4 (08:21):
Like I say, we feel really lucky, but we obviously
worked hard. I don't like to say we feel lucky
that the timing all just worked out really well, but
we worked hard to get to that point and then
it all just kind of fell into place, which was lovely.
So we had two years in London jumping about Europe
(08:41):
and then weren't ready to come home. So then we
spent two years in Vancouver, jumping about Canada and enjoying
life over there. The house was rented out. We did
get burned by a few tenants, but it all ended
up working out.
Speaker 2 (08:59):
It was just the lidists of dealing with real estate
agents in a different time zone.
Speaker 3 (09:04):
Yeah, so talk to me when you were living in
London and then in Vancouver. What kind of work did
you do?
Speaker 2 (09:09):
So I was doing admin work. I'd actually done a
diploma of HR management because I thought that was the
career I wanted. Spoiler, it's not.
Speaker 3 (09:21):
That's okay.
Speaker 4 (09:22):
You were a baby, Yeah, I was a baby and
my husband was working for an Australian tour company which
very conveniently provided some discounted tours for us.
Speaker 3 (09:34):
Oh, how good you guys? Had it worked out?
Speaker 2 (09:37):
We did?
Speaker 4 (09:38):
Yes, we were very very lucky with the timing of
everything as well, because after living in Vancouver for the
two years, we came back to Australia in October of
twenty eighteen, just before the world descended into mayhem.
Speaker 3 (09:56):
I was about to say, what good timing to then
get to go into lockdown, But I feel like it
would have been more stressful to go into lockdown overseas.
Speaker 2 (10:05):
Oh one hundred percent.
Speaker 4 (10:07):
I look at it now and go, Thank heavens we
got the travel in that we did, especially for how
cheap it was to travel around Europe. Were used to
have a look at Skyscanner and go, oh, look there's
a ten pound flight to Switzerland.
Speaker 2 (10:25):
Then you look around at work and go does anyone
want to go to Switzerland for the weekend?
Speaker 3 (10:29):
Stop it? But that's so cool. Like my best friend
or one of my best friends, Rosie lives in London
at the moment, and she does like she's just come
back from Sardinia. Like I look at her. We have
such different lives, but I watch her on with so
much envy because she's like, yeah, like, my friend and
I are just going to go to Sardinia for the weekend.
(10:50):
I've taken an extra two days off work. And I'm like,
imagine if that was my reality, Like you can just
do that? And she's like yeah, yeah, yeah. We got
some cheap flights and we found a cute resort. I'm like, what,
like that would be my annual holiday.
Speaker 4 (11:03):
It was something we had to learn really quickly in
terms of money, because we went from being paid weekly
here in Australia two monthly in London. And the first
few months we would go, oh, we are rich, and
we'd book all these trips and then the trip would
come around and.
Speaker 2 (11:22):
We'd be like, oh, we're poor. We got nothing. We
got nothing to spend here in the country.
Speaker 4 (11:29):
So we would stay in youth hostels and first time
it was we'd make a ham and cheese sandwich and
wrap it in a napkin. After a couple of months
of doing that, I just took a SnapLock bag in
my handbag and we'd put the.
Speaker 2 (11:43):
Ham and cheese sandwiches in the snaplot bag, so lunch
was done for the day.
Speaker 3 (11:47):
I don't know if you're following me on social media,
but yes, I still do that. My son, my husband
and I went on holiday to Bali recently and I
took his whole damn lunch box.
Speaker 2 (11:58):
Perfect.
Speaker 3 (12:00):
But I just feel like, you do what you got
to do to save some money. And don't get me wrong,
could I afford lunch like now? Yes, But old habits
die hard.
Speaker 2 (12:08):
If you're not making the most of it.
Speaker 4 (12:10):
So we came back and I found a job where
I am now as an executive assistant, and researched a
company that had good maternity leave because the plan was
always to start a family. Once we arrived back in
Australia and got settled back into the house that was
rented out, so October twenty eighteen to January twenty nineteen
(12:35):
we were living at my parents' place, which was a
shock to the system and we were ready to get
back into our own space by January and then so
worked for a year. The company I worked for had
I think it's a pretty good maternity leaf policy.
Speaker 2 (12:56):
So I was able to do that and then and
we had our baby girl in May of twenty twenty. Congrats,
right in the middle of lockdown.
Speaker 3 (13:08):
Oh my gosh, that would have been a fun time.
Speaker 2 (13:10):
Yeap. I came in and out of the hospital. I
had to visit it while I was in labor. Three times.
Speaker 4 (13:15):
I went in and out from home and they like
checked my temperature and I'm like, I'm in act, like
I'm proper having contractions.
Speaker 2 (13:23):
I've not been anywhere but home.
Speaker 3 (13:25):
Oh my god. I don't know what I would have done,
like having now gone through labor and like the whole process,
like the idea that women had to go through that
and what girl, you are stronger than me. I think
I would have had a mental breakdown.
Speaker 2 (13:38):
Oh I thank heavens. The hospital we were in didn't
restrict partners, so my husband was there. I don't think
I could have done it without him. And we were
really lucky in that for the majority of the pregnancy
there was no restriction on him coming to ultrasounds or
ob checkups or anything.
Speaker 4 (13:57):
So he didn't really except for maybe the last like
four weeks. He didn't miss out on that experience, which
was good.
Speaker 3 (14:06):
Oh, I'm glad because it's like not the case for
so many women, and like, I feel like so many
people in our community are still holding trauma over that,
and like that's just it's just rough, And whenever I
hear it, I'm like, I don't know how you got
through that, but I'm proud of you. So May twenty twenty,
you had a daughter. Did you go back to work
after that?
Speaker 2 (14:25):
So? I took twelve months maternity leave.
Speaker 4 (14:28):
I ended up going back slightly early for strategic reasons.
We were coming up to Easter an Zach Day, public holidays,
so I returned like two or three weeks early so
that I could ease into it with the public holidays
and get paid for those.
Speaker 3 (14:47):
Smart girl. Yeah you a strategy, queen, Yes.
Speaker 4 (14:52):
And then so I returned to work on a flexible
work arrangement three days a week. I was doing thirty hours,
and because we were still in pretty much in and
out of lockdowns, the office wasn't fully opened, I was
able to work a couple of hours while my daughter
(15:13):
was napping on my off days to make up the
thirty hours rather than doing three ten hour days.
Speaker 3 (15:19):
Good girl, I love that. And you said you have
two babies. When did number two come along?
Speaker 2 (15:25):
Number two came along in July twenty twenty two.
Speaker 3 (15:28):
Exciting. What age gap is that? That's like twenty two
years two months, two years two. I'm like twenty months
or twenty six months? Yeah, good job, how exciting? What's
that age gap?
Speaker 2 (15:39):
Like? It was really hard to begin with. I think
my algorithm told me that going from zero to one
was harder than going from one to two. I don't agree.
Speaker 4 (15:53):
Going from one to two was much much more of
a shock wake up call than it was zero to one.
Speaker 2 (16:01):
But I did have a unicorn baby first, so she
slept well. She was very chill.
Speaker 3 (16:07):
If you don't know that at the time, do you
just think that's parenting?
Speaker 4 (16:11):
And I was like, oh, like I was able to
bake and exercise and have my rest and keep the
house in order.
Speaker 2 (16:19):
And then two of them. I was like, yeah, no, this,
you need to lower your expectations. I love that.
Speaker 3 (16:27):
I was talking to one of my girlfriends the other
day who has three, and she's always just been this
like superhero mum right like, and she's had relatively good kids,
and like she'd always say things like, oh my god,
like you know, I'm just really trying so hard to
be a good parent. It's really paying off forever. Her
third kid is now what eleven months old, and has
humbled her Like She's like, no, none of that was me.
(16:51):
None of that was me. We just had two really
good kids, and I was deluded into having a third,
and I love them to the edge of the earth.
But also, what the hell is this?
Speaker 2 (17:00):
Yes, I can empathize with that.
Speaker 3 (17:02):
I feel like that that sounds reasonable. Maybe I should
introduce the two of you to share some trauma. And
now take us up to today. Did you go back
to work after your second baby?
Speaker 2 (17:11):
Yeah, so I went back to work.
Speaker 4 (17:14):
So I'm back at work now full time, but I
have still on a flexible work arrangement where I work
full time hours in four days.
Speaker 3 (17:23):
Oh nice.
Speaker 2 (17:24):
Yeah, so we've kind of said it.
Speaker 4 (17:26):
I had my set of values for how I pictured
mothering and parenting, and my limit for daycare was three days,
so I only wanted them in some sort of care
for three days at most. And we my husband and
I have worked together to make it that I have
(17:50):
one day off a week, he has one day off
with them a week.
Speaker 2 (17:53):
Then my eldest is kindy age, so she is in
a kindy three days a week, and then my youngest
is at daycare two days.
Speaker 4 (18:02):
And then we're very lucky to have the support of
our grandparents or their grandparents.
Speaker 1 (18:08):
My parents.
Speaker 2 (18:09):
The grandparents are around.
Speaker 4 (18:11):
To look after them during school holidays and on the
one day that my youngest isn't at daycare, and my
eldest got that because everything was shut.
Speaker 2 (18:22):
Down when she started daycare.
Speaker 4 (18:24):
She actually had alternating days with the grandparents when I
first went back to work with her.
Speaker 3 (18:30):
I feel like you've got your village sorted. That is
a good position to be in.
Speaker 4 (18:33):
We have a really beautiful village of people who are
happy to jump in and help, not just family, but
friends as well. A little side story is so I
had a beautiful home birth with my second of really yeah, beautiful.
Loved it, everything went smooth, loved not having to get
(18:54):
in the car, was having contractions, and then six weeks postpartum,
my opinion.
Speaker 3 (19:00):
Gave up or getting the bin.
Speaker 2 (19:03):
It didn't go in the bin.
Speaker 4 (19:06):
So it gave up and I had to rally the
troops basically to help because so she is six weeks old.
Speaker 2 (19:17):
Luckily I had like a freezer supply of breast milk.
Speaker 3 (19:20):
I was gonna say, were you breastfeeding as well, because
that would have thrown your breastfeeding into a spin, especially
with like all the medications and sedation, and like, oh
my god, no, like that's all my head went to.
Speaker 2 (19:31):
Yeah, first thing I packed breast fun The nurses were like.
Speaker 3 (19:35):
You're mad, I am, but also this is important to me.
And it's funny because before you said something that resonated
with me. You said I had this idea of what
I wanted my parenting journey to be like. And that's
exactly like me, Like there's no right, there's no wrong,
but like I'm the same as you and my husband,
and I've worked out how we both have a full
day off a week so that we can both have
(19:56):
Harvey that day. And like at the moment, he's still
only what like nineteen months old, so then he goes
to one of his grandparents on another day and then
he just does two days daycare And is that right
or wrong?
Speaker 2 (20:07):
No?
Speaker 3 (20:08):
But that's in my head what I liked the idea
of and you said, I liked the idea of three
days and pop off queen. But I love that we
can have these conversations because it's not like you know
the right thing to do is ex because there's no
right or wrong, but like, that's what makes me feel
comfortable as a parent.
Speaker 2 (20:24):
Exactly, it's what's right for you.
Speaker 3 (20:25):
And if breastfeeding while you're pumping while you're in the
hospital for your appendix is what you want to do,
pop off queen.
Speaker 4 (20:33):
And so we rally the village had someone dropping off
newborn bottles.
Speaker 2 (20:40):
Had lucky.
Speaker 4 (20:41):
I have a friend who's a paramedic nurse, so she
taught me how to hospital because I didn't know. I
rocked up at the hospital and I was like with
my mom, I'm like, I don't know how to hospital.
Speaker 2 (20:50):
Where do I go? What do I do?
Speaker 3 (20:52):
I wouldn't know either, And also I don't like it either.
Speaker 4 (20:56):
No, and so, and we had friends come over to
keep my eldest company, had people to come relieve my husband.
Speaker 2 (21:05):
Like it was just it showed me how important it
is to have a village.
Speaker 3 (21:11):
Good job. A good job. All right, So you've got
two babies. Currently you do four days per week, but
full time hours three days daycare village around you. Tell
me what do your husband and you do for work?
But you've got this great flexibility.
Speaker 2 (21:25):
Yeah. So I'm an executive assistant.
Speaker 4 (21:28):
I mainly work from home at the moment, although I
think that will change at some point and I won't
be stoked about it because I love working from home.
Speaker 2 (21:38):
But I get the job done and I do it well.
And my husband is a senior relationship manager.
Speaker 4 (21:46):
Now he's just been promoted, which is awesome for a
finance company.
Speaker 2 (21:52):
So hey, that's cool.
Speaker 3 (21:53):
And neither of you wanted to go to UNI.
Speaker 2 (21:55):
No, no, none of us.
Speaker 3 (21:57):
What kind of incomes are you earning?
Speaker 2 (21:59):
What like?
Speaker 3 (22:00):
As an EA, what do you earn? And then what
does your husband earn?
Speaker 2 (22:02):
Yeah?
Speaker 4 (22:03):
So I am on ninety eight thousand a year and
that's with twelve percent superincluded, I believe.
Speaker 2 (22:13):
And then my husband, I think he's on about one hundred.
Speaker 4 (22:17):
And fifteen full time, but he only works four days
a week, so minus twenty percent of that.
Speaker 3 (22:24):
Yeah cool, Oh my god, I love this. So tell
me a bit more. Like you obviously have a good income,
You've got your two babies. You've had a very good,
like I would say, trajectory of like being able to
travel and come back and own your house. Like what
a little dream? How good? What are your next big
money goals? Cause, like, you're not planning for a wedding?
Are you two and done? Are we planning for more babies?
Speaker 2 (22:47):
Like?
Speaker 3 (22:47):
I feel rude asking, but then I'm also like, low,
it's anonymous. I can ask these questions without it being
rude because it's actually a finance one. Tell me about
what does the future money goal thing look like?
Speaker 2 (22:58):
Yeah, so two we are done because we have purchased
a caravan with two bunk beds.
Speaker 3 (23:05):
Okay, we're done. Yeah, we don't actually have any more
space on top and tailing there'd be too much fighting.
Speaker 2 (23:09):
Yeah. So that was the.
Speaker 4 (23:11):
That was aciding pact. And though we were always planning
to and done. So big money goal at the moment
is to save up for a new car.
Speaker 2 (23:22):
That can toe the caravan a little bit easier than
the current car.
Speaker 3 (23:28):
I was about to say, do you have a car
that can't toe the caravan you book, because that's kind
of low key funny.
Speaker 4 (23:32):
No, it can toe, it works hard. We want a
car that can toe heavier so it doesn't.
Speaker 2 (23:39):
Have to work as hard.
Speaker 3 (23:40):
Yeah, maybe you can take luggage with you, that would
be good. Yeah yeah, the kids can come, yeah yeah yeah,
but until then sorry child free holidays only. What else
are you currently working towards?
Speaker 4 (23:51):
So that and then I guess the bigger money goal
is I mean all the life stuff saving up for
just to give the.
Speaker 2 (24:01):
Girls the choice of education, whether we go public schools
or private schools.
Speaker 4 (24:07):
And the biggest part I guess of our money goal
is to save up to be able to do longer
trips in the caravan and explore Australia, because neither of
us have done Like we've traveled Europe, we've traveled Canada,
but we haven't traveled around Australia. And that's what we
(24:28):
want to do with the girls while they're on the
younger side of things, so that we can get those
core memories and just enjoy that simple family time.
Speaker 3 (24:39):
And Australia is beautiful, like just there's so much to
explore in the fact that you can kind of pack
up a caravan and go, like what a dream. I
love this for you, so I.
Speaker 2 (24:49):
Want to share just I guess how we were able
to purchase the caravan. Yes, please, because it's a bit unique.
Speaker 3 (24:57):
I was about to say, like that we can talk
about debt, but also so tell me how did you
purchase the caravan?
Speaker 4 (25:03):
So we purchased the caravan because we were given early
access to some inheritance.
Speaker 3 (25:09):
Oh very cool. How did that eventuate? Is that something
you were like, hey, can we get it? Or were
they suggesting it? Or they so they suggested it. They've
helped two siblings as well. They wanted us to have it,
and I actually struggled with it for a while after
they'd given us the money, and I was like, oh,
what do we do?
Speaker 4 (25:30):
Like should we be more responsible and put it all
in the mortgage or should we be investing it?
Speaker 2 (25:37):
What should we be doing? And it was actually something
my dad said that made it feel like it was
okay to spend on the caravan. And that was he was.
He said two things.
Speaker 4 (25:48):
Actually, one he said, I wish we had done more
big things as a family when we were kids, and
my mom and I looked at each other and we
were like, you're crazy.
Speaker 2 (25:58):
We did lots as a family, so no, you didn't
need to do more.
Speaker 4 (26:03):
But he also said, your kids won't remember you paying
off the mortgage early, but they will remember the holidays
and the trips that you do.
Speaker 2 (26:12):
And he said, you know what, if you get into
a bind, you can sell it.
Speaker 3 (26:16):
I mean he's not wrong, you see, he's not. And
I feel like caravans, like I'm probably not looking at
them as investment opportunities, but they do definitely hold their value,
like they're not the worst thing in the world. Like
I've I've had a lot of clients buy a lot
of caravans, and I've always been super shocked at how
much they can still sell them for. And like I
(26:37):
even had one client, actually two clients who have you know,
just added modifications like updated the like you know, backsplashes
in their kitchens and stuff in their caravans and sold
them for more like a couple of years later after
they're like, oh my god, like you know, we're over this.
The kids don't want to go anymore because I feel
like there's a period of time and like I don't
know about this because of my experience, but just from
(26:58):
other people's. Your kids when they're young love the caravaning life,
but like once they become like mid teenagers, they have
no interest in sharing a space with the parents. So
that seemed to be when parents started to go, look,
we're just going to get rid of the caravan. It's
more hassle than it's worth. But that's when they were
selling it for more, and I was like, what the heck,
this is not where I thought that you would get
extra cash from.
Speaker 2 (27:19):
Yeah, very cool though.
Speaker 3 (27:21):
And I'm glad that you're doing it while they're young.
How exciting.
Speaker 2 (27:24):
Yes, it's very exciting.
Speaker 3 (27:25):
All right, let's go to a really quick break because
on the flip side, I just have a lot of questions,
like I feel like you've got some good and bad
money habits, but I also want to know more about
this house, your debt on the house, any other debts,
and I want to talk about investments. So guys, don't
go anywhere. All right, money drives. We are back, and
I have been adoring your money story. I've like probably
(27:48):
been looking down to you the whole time. It's because
I'm taking obsessive notes and just making sure I'm keeping
up because I'm like, oh, this is a journey, okay,
And in twenty eighteen you did what all right? And
then from jan twenty nineteen, I'm like, Okay, cool, like,
I'm just key be in track, but talk to me
about investing. Like, I feel like you guys, for the
first half of your lives probably weren't that interested in it.
But like, girl, you listen to She's on the Money,
(28:10):
so like, tell me about any investments you hold or
your thoughts around investing for the future.
Speaker 2 (28:15):
Yeap, you are correct.
Speaker 4 (28:16):
We weren't interested in investing earlier, but now we do
have a few investments. So since listening to She's on
the Money, I have opened a comsept Pocket account and
a Chasie's account and I've got some funds split across those.
(28:38):
The Sharese's is quite a range of things. I kind
of didn't really have a strategy. It was well, I
got a list from my dud's financial advisor of who
he has shares with and I just went, okay.
Speaker 3 (28:53):
I'm just going to copy cool, no worries.
Speaker 2 (28:55):
So did that. And then the comset Pocket you kind
of just pick.
Speaker 3 (29:01):
One of their six ETFs that.
Speaker 2 (29:03):
They are one of their few yeah, and I just
did that.
Speaker 4 (29:06):
I was like, I think we've got some Australian ones,
some environmental ones.
Speaker 3 (29:11):
Yeah, for those playing along at home who are like
maybe not in the investing market. Yet. Concept Pocket, I
would say, is more of a micro investing platform where
Comsec has chosen to create this like refined platform where
when you log in, I might be wrong with six,
but it's like between six and twelve ETFs that their
brokers have specifically picked that you can choose from, so
(29:34):
you have really limited options. It doesn't mean it's worse
or better. It just means you have limited options. And
a lot of people like that because they're like, I've
got analysis paralysis, but I want to invest, and I
also don't want to like pick from the entire share market.
And then shares Is, which we talk about on the
show all the time, is a full service platform, so
you have access to every single thing on the Australian market,
(29:56):
every single thing on the US market, the same for
New Zealand. Like an, I feel like that can then
be a little bit overwhelming. Is that why you're like, oh,
I've got a range, like because there's just so many
options or is that just because you're like I copied
my dad's financial plan or like what's that looking like
moving into the future.
Speaker 4 (30:15):
Yeah, so some of them I was just say, oh,
I know this company, I'm going to buy a share
in it. So I've got things like Coke down a
EDI like NAB. There's a big range of shares.
Speaker 2 (30:32):
It's not that much money.
Speaker 4 (30:34):
Like we've only got two and a half grand in there,
and I don't put into it regularly. But I've just
realized that I want to now a bit more regularly.
With some of the money that I make from my side,
hustle will start. I think I'm going to start putting
like twenty percent of each job in there just to invest.
Speaker 3 (30:58):
Yeah, no, love, love. And this is why asking questions
because I'm like, well, what does that actually look like
for you? How does that work? Because it's just different
for everybody, And like that's the frustrating thing because I
think once you start investing, right, like I feel like
all of us we go, I want to start investing,
and then you're just looking for the answer, and you're
hoping that the answer is like you'll somehow stumble on
(31:19):
someone that says you need to download Chaisias and then
you need to buy these two ETFs and then everything
will become clear. And that's just not how it works
because everyone has a different situation. And even if right
I said, do that one, I would be in breach
of my financial services license, so we won't be doing that.
But true, I know enough about the investing world that
(31:40):
that would be wildly irresponsible because what works for you
is not going to work for the next person and
the person after that. Like, it's just crazy how different
everyone needs to invest, and that's why you have to
invest time and energy in working out what you're going
to do. So what's the plan for your bigger investments
for the future? Like, talk to me about Superannua. How's
that tracking? You've been working since you were very young,
(32:03):
so I'm assuming it's looking all right.
Speaker 4 (32:05):
Yeah, I don't know what is normal for someone my age,
but I did spend six years out of the workforce
as well. So my super is sitting at eighty two
thousand and my husband's is at ninety one thousand.
Speaker 3 (32:21):
How old is your husband?
Speaker 2 (32:22):
Thirty four?
Speaker 3 (32:23):
So, like, the average balance for someone in their mid
to late thirties falls between seventy to ninety thousand dollars,
and you are just smack bang in the middle, even
though you took some time off. That might not be
how much you want to have in there for future planning.
But like, you're not far behind. And then men is
slightly higher than that, but we don't care so much
about their superannuation balances. I just care about bumping the women's.
(32:46):
So anyway, that's a good thing. Yeah, I love that,
and I love that you know your numbers as well,
because that's really really important. Talk to me about debt.
So you bought your house I believe you purchased that
in twenty eleven, rented it out, organized the income from
the rental was paying the mortgage and a little bit more.
(33:07):
What does that look like today? Like, give me the
nitty gritty. How much did you purchase a house for
in twenty eleven.
Speaker 4 (33:13):
And twenty eleven, we purchased a house for four hundred
and thirty five. I can't remember how much the mortgage
was at that point, but we just scraped through not
paying lender's mortgage insurance.
Speaker 2 (33:25):
And that was because we worked for a bank.
Speaker 3 (33:28):
Does that mean that you got a ten percent deposit
and no l am I as well, because most banks
back then I think did that deal.
Speaker 2 (33:34):
Yeah. I think we may have even been like a
nine percent deposit and no l am I. Yeah.
Speaker 3 (33:39):
Money win, money win. It's just gotten harder from there. Yes, yes,
So this.
Speaker 4 (33:43):
House I couldn't see past the color of it. We
nearly didn't buy it. We had to go back to
it three or four times, and in that time it dropped.
Speaker 3 (33:51):
Girl the color. The color, Yeah, well the price dropped
because clearly it was a really bad color.
Speaker 2 (33:56):
Yeah, the price dropped. And having looked at the history
of the house, I'm pretty sure they made a loss,
which makes me feel sad for them, But when for me?
Speaker 3 (34:05):
So we're not mad. We're not mad. So hold on,
what do you do about the color? Is your house
still really ugly?
Speaker 2 (34:10):
It got painted?
Speaker 3 (34:11):
Yeah, see there go you can fix those things. We
need to look beyond the cosmetics.
Speaker 4 (34:15):
Exactly the first time we walked in, though I could
not see past it, I said to my husand I
was like, nah, we we can't buy this space.
Speaker 2 (34:23):
It's ugly.
Speaker 3 (34:24):
Oh my god, that is quite funny. But also I
want to be like, look past it, look at the
bones of the house. I can buy you some damn paint.
You don't like the carpet, I can rip it up.
Speaker 4 (34:34):
So that house we actually sold in twenty twenty one, Okay,
and how much did you sell that for? So we
sold it for seven hundred and forty two thousand, five
hundred stop it.
Speaker 3 (34:49):
How good is that? And what did you then do?
So you had a nice amount of equity to play
with to maybe purchase another house, is that right?
Speaker 4 (34:55):
We did, so we sold that house in we'd have
been around mid twenty twenty one.
Speaker 2 (35:02):
We actually were homeless for about three months.
Speaker 3 (35:06):
But flush with cash, so that's all good.
Speaker 4 (35:09):
Yeah, So we had no backup, no property that we
had to offer on or anything, because at that time
properties were going like so quickly that we couldn't have
the condition of to sell that place to buy a place.
So we went through, sold it, lived with the in
laws for about three months with just a one year
(35:32):
just turned.
Speaker 2 (35:33):
One chaos, yes, and all our stuff went into.
Speaker 4 (35:36):
A storage container and split between the two grandparents' housand
and then we actually the house that we're in now
we bought privately off market, no real estate agents or anything.
Speaker 3 (35:51):
Oh, how did you work that out?
Speaker 2 (35:53):
So we did get shown through the property, and they
hadn't signed with the real estate agent.
Speaker 3 (36:00):
Or cheeky, they shouldn't have shown you through the property.
Speaker 2 (36:02):
They were trying to decide whether they were going to
sell the property. The owners of this one. We're trying
to decide whether they were going to sell the property
off market or put it on market because they thought
they could get more for it, but they were empty masters,
there was too much maintenance. They were ready to move on.
(36:22):
So they were still deciding, and we'd had a look through.
Speaker 4 (36:27):
It was pretty much perfect for everything we wanted, except
it didn't have a pool.
Speaker 2 (36:32):
But for what they had been asking for it, we
had enough aside that we could put a pool in.
Speaker 4 (36:39):
And I rate them a letter and dropped it in
their letterbox and said, thank you so much for inviting
us into the house to have a look. Totally understand
that you've got to do what's best for you if
you do need to take it to market, but we
can definitely see ourselves growing our family and growing our
kids old here like a bit of a tuget the heartstrings.
Speaker 2 (37:03):
And then the owner called my husband and we went
from there like it just it worked. It happened.
Speaker 4 (37:11):
We ran into them again at a local park and
the conversation continued and they sold.
Speaker 2 (37:19):
Us the house.
Speaker 3 (37:20):
Oh that's so good. So what did you purchase for?
Speaker 4 (37:23):
So we purchased this place for nine hundred and forty
one thousand and five hundred and the mortgage that we've
got at the moment is five hundred and seventy one thousand.
Speaker 3 (37:38):
Oh my god, how good. And what year did you
purchase that in because you sold in twenty twenty one
and that was mid twenty twenty one, so like early
twenty twenty two, is.
Speaker 2 (37:45):
That no, say September twenty twenty one we purchased Yeah.
Speaker 3 (37:49):
How exciting. And then do you know what the house
is worth now? Because like, sorry, I know you're in Queensland.
I won't be more specific than that. And property in
Queensland since then has done relatively well.
Speaker 2 (37:59):
Yes, so the high kind of value of the house
is one point five.
Speaker 3 (38:06):
Look at you guys, go you got some nice equity.
I have to ask you said, oh, it doesn't have
a pool. So as a Melbournian, I interviewed a money
DRIs a couple of weeks ago and she was like,
oh my god, we have a pool. And I was like,
oh bougie. But I feel like most houses in Queensland
actually have a pool, so like that's fine, And that
also makes sense because you were like the empty nesters.
There was a lot of costs and I was about
(38:27):
to be like, is it because there's pool maintenance? Did
you put in a pool? Is that something you don't have?
Like it seems like the way you said it, there
was a value there that you were like, I want
a pool.
Speaker 2 (38:37):
Yeah, we put a pool in.
Speaker 3 (38:38):
Ah, how much does it cost to put in a pool?
Speaker 4 (38:41):
So that was I feel like it was about sixty thousand.
But we got landscaping done as well, so we got
proper drainage under the grass and everything. And yeah, so
it's about sixty thousand for the pool, fence and landscape.
Speaker 3 (39:00):
That feels more reasonable than I thought it would be.
Speaker 4 (39:03):
Yeah, so that was back in twenty twenty one. I
think it's more well, No, it was early twenty twenty
two that it got finished. It got finished just in
time for Australia Day.
Speaker 3 (39:13):
I think, oh, how good, so you could enjoy the
rest of summer.
Speaker 2 (39:17):
Yeah, and then the landscaping got finished just before giving birth.
Speaker 3 (39:21):
To my second So yeah, you don't need that type
of stress. So you purchased for nine hundred and forty
one thousand. Current mortgage is five hundred and seventy one thousand.
It's worth about one point five mil. Tell me, do
you have any other debts.
Speaker 2 (39:36):
So we do have a solar loan that we got
purely we had the cash. We got it because the
interest rate was zero point nine nine percent and we
were like, well, we'll just keep that cash offsetting the mortgage.
Speaker 3 (39:53):
And smart see strategy, queen.
Speaker 2 (39:57):
Yeah, it does pay to know people in a bank
and remaining friends with them. But yeah, so we got
the solar.
Speaker 4 (40:07):
There's about nine thousand dollars owing on that from what
was and it was like twelve or thirteen thousand, three
years ago, which we're not paying extra off on that
at the moment.
Speaker 3 (40:19):
If the interest rate's good and it's popping along, your
money's working harder on your mortgage anyway, exactly.
Speaker 4 (40:24):
And then we also have a credit card which gets
paid off each month like the total amount owing, so
there's no interest paid on that. It is just a
tool to pay for everything, get points, and have the
money sit against our mortgage for the extra thirty days
that it can.
Speaker 3 (40:44):
Smart girl, tell me a bit more, because I feel
like all of this, like, you know, I met my
husband when I was like sixteen, started dating at eighteen,
Like we didn't go to UNI, like a money story
could have looked very very different, like it could have
just been not the way that it has worked out
for you guys, And you know you are clearly very intelligent.
(41:05):
You clearly have your heads like screwed on properly. So
you've made it not just work, but like you are
I would say, thriving in this situation. How have you
done that? What is your best money habit? What can
we learn from you? Because I think that there is
this narrative out there that to be successful you have
to go to university, and that's just not the damn case,
Like most of my team have not gone to university.
(41:27):
Like from my perspective now as an adult, it doesn't matter.
But the pressure is put on you when you're like
at school, what are you going to do? You need
a job that starts with an a, like you need
to be a doctor, a lawyer, a engineer or something,
and then all of a sudden, that's just not how
the world works. What's your best money habit? How have
you done so well?
Speaker 2 (41:47):
Well, that's money habit?
Speaker 4 (41:49):
I think just I don't even know because it doesn't
feel like we have that many good have many good habits,
But I guess it's just one looking for the best
deal or the smartest way to make the money work
for us, and talking to people who know more than us,
and being not afraid to ask for help or ask
(42:12):
the questions that might seem silly at the time.
Speaker 2 (42:15):
And yeah, like literally, it's always looking for the best deal.
Speaker 4 (42:18):
Like my husband is very good at finding He's much
more patient than I am. I am like, well, I
want it, we need it, just get it wherever you
can get it fastest, but he will look into it.
We do utilize marketplace a lot for buying and selling,
so I think that's something as well. Like we literally
(42:42):
this morning sold our pram because we don't need it anymore.
Speaker 2 (42:46):
And so that was a nice little cash infusion.
Speaker 3 (42:49):
Nice. How much what pram did you have? I need
to know? Was this a good investment?
Speaker 2 (42:53):
Yeah? So we had the Bugaboo Donkey Gorge.
Speaker 3 (42:56):
How did we like it?
Speaker 2 (42:57):
Yeah? I loved it. Went from an.
Speaker 4 (42:58):
Upper baby Vista to the Bugaboo Donkey because I couldn't
picture having two kids on top of each other.
Speaker 2 (43:05):
I needed them side by side.
Speaker 3 (43:07):
That's absolutely fair.
Speaker 2 (43:08):
And I loved by Vista. I loved it.
Speaker 3 (43:11):
See I'm a Vista hater. I'm a Vista hater. I
think that they're so big and so clunky and so heavy,
and I'm very lucky that I've never had one. But
I have looked after my friends and families kids who
have Vistas, and I was like, I'm never getting this pram. Like,
but you know what, once you have a Vista, I
feel like you join a cult and then everybody is
(43:31):
a Vista mam, and you're talking about your adaptations and
stuff that you can put on there and how much
you can fit in your basket, and I just don't care.
I got the pram that was most compact and I
could pick up and put in my car with one hand,
like sligh, because you can't do that with your Vista.
Speaker 2 (43:44):
Can you. You can't. You can't do that with the
Donkey either. No.
Speaker 3 (43:49):
But I feel like once you have two kids, you
just don't have a choice. You're going to have to
go down like the heavy pram route. Like one, you're
living a life of luxury. Two you do what you
got to do.
Speaker 4 (44:00):
Yeah, that's exactly it. And yes, so yes, it was
a good investment. We bought it from marketplace. I'm not
actually sure. I think we may have sold it for
more than what we bought it for because I can't
remember what we bought it for.
Speaker 3 (44:12):
Well, if you bought it secondhand, what did you sell
it for?
Speaker 2 (44:15):
I put it up for five thirty five.
Speaker 3 (44:18):
That's a good deal. And did they like bargain you
down or to just say it's great, I'll take it
for five thirty five.
Speaker 2 (44:22):
No, they just took it.
Speaker 4 (44:24):
And I mean we did have additions to it, so
probably overall we came out even.
Speaker 3 (44:30):
Yeah, and I mean those things for those playing along
who maybe don't live in the pram world like us,
that's like a two and a half thousand dollars pram
after you add like the additional seats and like the
liners and whatever else you have to buy, Like she's Spinos,
So that's a good deal. I love this for you.
Are there any other ways that you've been injecting cash
into your house? I had a sneaky suspicion that there
might be one, because you know, I'm not going to
(44:53):
give her like identity away, but her email address has
UGC in it. So tell me about this journey.
Speaker 2 (45:00):
Yes, so, oh, this is a journey.
Speaker 4 (45:03):
So I started doing a side hustle of content creation
for brands in last year and it started because I
didn't really want.
Speaker 2 (45:16):
To go back to work full time but couldn't afford not.
Speaker 4 (45:20):
To, and started looking at ways to make money from home.
Fell for a few not scams, but scams, But there
was a light at the end of the tunnel because
going down and learning about this kind of icky side
of content creation brought me to the user generated content
(45:43):
side of content creation, which is working with brands to
create ads but as a user of their product, more authentic,
less polished. And so I've been doing that for a
year and a bit and love it.
Speaker 3 (46:01):
It's fun, isn't it.
Speaker 4 (46:02):
It's fun, and it's given me so much confidence, Like
for me to be here doing this would never have happened,
like a year or two ago when the first brand
deal came through. It was just like the silly, little
happy dance that I did when I got that email
and realized it wasn't a scam.
Speaker 2 (46:23):
And from there it's just kind of keeps ticking along
and I really enjoy it and I've made like a
lovely community of people online.
Speaker 3 (46:33):
Now, So what type of income do you make from
creating user generated content? Because it's a different space for
those of you who maybe are listening here going what
is that? So we all know influencers make content and
they post about let's just pretend it's like a skincare
brand and they post their skincare review. Now, influencers are
losing popularity because obviously we prefer much more authentic content
(46:56):
that's a little bit more organic, that's from mums and
people that you know, actually use the product give you
a genuine review, but maybe don't have a million followers,
maybe don't even have any followers. So the brands reach
out say to money diarst and say, hey, could you
just like trial our products and give us an honest
review and they pay you for it. But what type
of income are we being given?
Speaker 4 (47:17):
Yeah, so it can definitely vary depending on your negotiation skills.
But so last financial year I made six five hundred
dollars because we've just done our tax So on average,
I would say like per job making between like my
minimum is two hundred.
Speaker 2 (47:38):
And fifty dollars up to I think the highest I've
been paid is like five or six hundred dollars for
a job.
Speaker 4 (47:47):
And that's maybe like when you add in all the
admin hours and like creating a concept and stuff, maybe.
Speaker 2 (47:55):
Like two or three hours of work per job, So
it feels pretty good.
Speaker 3 (48:00):
I love that. I love that for you, And like,
don't get me wrong, like you know, you could get
bored of it at some point, but like I kind
of love it. And as somebody who I get to
play in that space, obviously more as an influencer, but
I have this I would say privilege because I already
own my businesses, Like I've got Sheees on the money,
I've got Zella. I don't have to do skincare stuff.
But like I love a little skincare moment. I love
(48:23):
trialing products, and I love being like giving my organic response.
It just feels special, Like it feels nice. I love
sharing with a community, and like just even creating it
gives you more confidence. And you've just said before like
getting me on your show would never have happened without it.
I love what it's given you.
Speaker 4 (48:41):
Yeah, and it was something outside of being a mum
and a traditional work setting that like, at the moment,
it's a fun hobby. But maybe some point it could
become a job thing. I don't know, Like I don't
know what that looks like in the future. At the moment,
it's fun, and I don't. It's bonus money, like that's
(49:04):
fun money to play with.
Speaker 3 (49:05):
Yeah, yeah, yeah, absolutely. So let's flip with the narrative.
What's your worst money habit?
Speaker 4 (49:11):
Sorry, I would say worst money habit is that we've
fallen off the track of like budgeting. I used to
go in and like go through the accounts every month
or even every week and go through life, what are
we spending here and there and make sure like we're
kind of putting money aside.
Speaker 2 (49:33):
But life lives, and I don't make that a priority anymore.
Speaker 3 (49:37):
So is it something you want to get back to? Yeah?
Speaker 2 (49:40):
I think so.
Speaker 4 (49:40):
We've tried like a few different ways of automating our
like transfers and stuff.
Speaker 2 (49:49):
There's all of our money is our money. It's all
combined and.
Speaker 4 (49:53):
Just gets shot out of the pay account on payday
and pays the mortgage and put money aside for like
the annual bills and the quarterly bills and stuff.
Speaker 2 (50:05):
But I'm probably not as strict with it anymore.
Speaker 4 (50:09):
Particularly grocery shopping is probably bad because I'm like, I'm
not setting a dollar amount to what we buy for groceries.
Speaker 2 (50:20):
I want what I want, and that's what I'm going
to buy. I'm not compromising on that.
Speaker 3 (50:24):
Yeah, yeah, And it's a slippery slope for right, I'm
going to fix it for you. I'm going to set
you up with my money masterclass so that you can
get back on track. And it's not necessarily about restricting,
Like I don't want you to have to set a
budget for your groceries, but I do want you to
go through your finances and be like, Okay, on average,
we spend X on groceries, and then you're really aware
of that and you're just across your finances and I'm
(50:46):
biased because I made it, but I think that the
spreadsheet in there is next level, So like all you
have to do is put in what things cost you
and what your income is, and then I split out
what bank accounts it should be in, how you would
divide that up, and what that would look like, so
that I do the hard work and you don't have
to do the planning because I feel like budgeting. Yes,
you can go into a spreadsheet and update it and
(51:08):
that's great and you've got visibility, but it's about that
next step of like, okay, but which bank account should
this be going into so that I don't dip into
my savings. If we've got this big savings goal, like
you're planning on another caravan holiday or something, we can
put that in and I know that we can work backwards.
So I go, well, when's the holiday happening and how
much do you need? And you go, yep, I need
two thousand dollars and it's happening in six months, And
(51:30):
I go, great, Well, this is how much you need
to put into that bank account each and every single
week or month or literally fortnite, depending on how you
set this up to make that happen. So I do
the hard bit, and then hopefully it will be like
maybe you have to do the work. I'm sorry, but
like it'll be like waving a magic wand and you'll
feel more on track. So I feel like I can
fix your bad money habit. That's a good deal.
Speaker 2 (51:49):
That sounds perfect. Take the mental load part off.
Speaker 3 (51:52):
I love it. Tell me a little bit more. At
the start of this episode, you said, I reckon I'm
a BS. Is it that budgeting piece that would take
you up to an A plus or what else do
you think you guys would need to do or change
to get there?
Speaker 4 (52:04):
I think to become an A plus would be to yes,
have better oversight of the budget and more knowledge and
regular investing.
Speaker 3 (52:17):
Yeah, fair, fair fear. Talk to me a little bit more.
Is there anything that you're doing at the moment to
work towards that or is that like, oh, like you
know we will at some point, or is that something
you're working on, because I feel like you're already working
on it, Like throughout your money story, you're talking about
your shares ease and your concept pocket up, and I
just feel like you're already doing these things. It's just
maybe time to get there.
Speaker 2 (52:38):
Yeah.
Speaker 4 (52:38):
I think time and just setting it up as a
habit to like habitually be putting money aside, whereas at
the moment, it's when there's a bit of extra cash,
we'll go, okay, well let's throw it in. So yeah,
making it more strategy, more strategy, and more like regular,
(52:59):
not so sporadic.
Speaker 3 (53:00):
We need some direct deposits. We need to do our
budget and cash flow and understand that and know how
much free cash flow we might have, and then we
need a direct deposit that we set up every single
month or how often you get paid that just takes
it away from you and puts it in there so
you don't even have to think about it. That's what
we need to do exactly.
Speaker 2 (53:15):
All right.
Speaker 3 (53:15):
Well, I'm glad that we're on the same page because
that's what my money masterclass is going to do, thankfully,
But I'm really sad that we've run out of time.
I feel like you and I could keep chatting. I
just I want to talk more about just like everything,
but unfortunately that is not the reality of our situation.
Thank you so much for joining me, for having a
really good chat. I've taking six million notes because I'm like, oh,
this is cool, or she's any age, she does this like,
(53:37):
it's just so fun. I feel like it is such
a privilege to get to sit down with people like
you literally every week and be like, tell me about
your money story. How can my community learn from you?
So thank you so much, because I know the community
is going to eat this one up.
Speaker 2 (53:50):
Thank you very much for having me Adore.
Speaker 5 (53:52):
Adore did my share on She's on the Money is
general in nature and does not consider your individual circumstances.
Speaker 3 (54:05):
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 5 (54:12):
If you do 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 Sherper Pty Ltd A b N
three two one six four nine two seven seven zero
eight AFSL four five one two eight nine
My name's Aatasha Bamblet. I'm a proud First Nations woman
and I'm here to acknowledge country t Glenn Young Ganya Niana,
kaka ya Ya bin Ahaka Nian our gay In Nimbina
yakarum jar Dominyama, domaga Itawakaman, damon Imlan bomber bang Gadabomba
in and now in wakah Ghana yak raum jar Watnadaa. Hello,
(00:22):
beautiful friends, we gather on the lands of the Aboriginal people.
We thank acknowledge and respect the Abigin people's land that
we're gathering on today. Take pleasure in all the land
and respect all that you see. She's on the Money
podcast acknowledges culture, country, community and connections, bringing you the tools,
knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money. She's on the Money.
Speaker 3 (01:07):
Hello, and welcome to She's on the Money, the podcast
that lets you be pervy about other people's money stories
for educational purposes of course. Welcome back to another one
of our money daries, where I get the absolute pleasure
of sitting down with one of our Shees on the
Money community members and talking to them about all the
nitty gritty details of their money story. Let's jump straight
(01:27):
into it, because this week I got an email and
it sounded identical to this dear she's on the money.
I started working at fourteen, and then I met my
husband at sixteen. We skipped uni, went straight into full
time work and saved hard. We were living at home
and desperately wanted our own space, So at twenty two
(01:48):
years old, we bought our first home. Then we rented
it out while we spent four years overseas on the
ultimate working honeymoon. We came back, sold that house and
eventually settled into our dream home, and now we have
two babies. We never thought we were quote good with money,
but maybe we've done all right after all, money diarist, Yeah,
(02:10):
you have done all right after all, haven't you.
Speaker 2 (02:12):
Yeah, looking back over it, yes we've done pretty good.
Speaker 3 (02:16):
I am so excited for this money story, like it
just feels oh. I also just love love, Like I've
just got so many. When people are like, oh I
met my partner or my husband or my wife or whatever,
I'm like, oh, tell me, Like I want the pervy details.
This isn't like you know, money questions, but like I
need the dirt. So let's jump into it. Before I
ask any more pervy questions. I want to know if
(02:39):
I asked you to give yourself a money grade from
A three to F, what would you grade yourself?
Speaker 2 (02:44):
I would say a B minus at the moment, B minus.
Speaker 3 (02:47):
All right, let's go with that, And now can you
tell me a little bit more about the nitty gritty
of your money story.
Speaker 4 (02:52):
Yeah, so, I guess the first kind of memories of
money I have is probably as a kid.
Speaker 2 (02:59):
We came from a well, I have two sisters, and
my dad worked.
Speaker 4 (03:04):
Mom was a stay at home mom, and from stories
that they've told us, they worked and saved really hard.
Speaker 2 (03:12):
But as kids we wouldn't have known that.
Speaker 4 (03:15):
They instilled that if you want want certain things, you
work for it, save up and then you can purchase
it with your own money. So we had chores and
pocket money and stuff. But it wasn't until I really
wanted a mobile phone that I guess they put their
foot down and the only way to get a phone
(03:38):
at that point was to be able to pay for
it myself. And so I was actually sixteen when I
started work, but started working at the glamorous McDonald's.
Speaker 3 (03:50):
No sorry, that's a great first job.
Speaker 2 (03:53):
It is a great person job. And yeah worked therefore
would be nearly eight years or something like that, but
mainly to be able to pay for a teeny tiny
Samsung flip phone.
Speaker 3 (04:07):
I was about to ask, what phone did you want?
Because you're thirty five and I'm thirty four, so I
feel like we're on the same page about what phones
we wanted. So Samsung flip phone. Was that the one
with the little screen on the front that had the time? Yes, yep, yep, sexy,
I love it.
Speaker 4 (04:20):
Yes, So yeah, I bought the phone had the prepaid
credit on it. One of those friends where you freaked
out if you accidentally hit the internet.
Speaker 2 (04:30):
Because it would suck it all up.
Speaker 3 (04:31):
Oh yeah, don't do that. That's expensive. Yep, yep, yep.
And also only text your friends after eight pm because like,
we're not spending fifty five cents on a text, eh, exactly.
Speaker 2 (04:41):
And then I was always a saber. I've always put
money aside into savings.
Speaker 4 (04:47):
When I finished school, it was the goal was by
a car, and I did that. We went and got
a personal loan. It was like a we maybe did
it as like a ten year personal loan or something,
and it wasn't a huge amount, probably like eight thousand.
I mean not a huge amount.
Speaker 2 (05:09):
At eighteen, it's a huge amount, eight thousand dollars.
Speaker 4 (05:11):
But I paid it off within like two or three
years because everything went to that and I was living
at home still with mum and.
Speaker 2 (05:21):
Dad at that point.
Speaker 4 (05:23):
Had started dating my now husband at eighteen, and yeah,
so everything went towards saving and paying off the car loan,
which we did really quickly, and then it was working
with my husband to save up for a house. We
(05:45):
both school was not our thing, so we both deferred
UNI and then got the taste of full time work
and full time income and both decided.
Speaker 2 (05:55):
We weren't willing to give that up ever, So we.
Speaker 4 (06:01):
Lived between our parents' houses for two or three years. Well,
we saved up for a house. We actually never lived together,
I guess officially lived together until we bought our house,
but we did do some house sitting to test the
waters see if we could live together.
Speaker 3 (06:23):
Yeah, that's a good thing to do. So did you
meet your husband at school or at your job?
Speaker 4 (06:28):
So we met at McDonald's at the age of sixteen,
working together Maca's Love Stories it is.
Speaker 2 (06:35):
And then started dating when we were eighteen.
Speaker 3 (06:38):
Oh my god, so you knew each other for two
years before that happened. I need to know, like who
had a crush on who first? Like did you have
a crush on each other the whole time? Or like
how did it become We knew each other for two
years and then we started dating.
Speaker 4 (06:50):
Yeah, so I think we were just in like the
same kind of friendship group at McDonald's and then it
just blossomed from there at some point.
Speaker 2 (06:59):
I can't really remember who had a crush on who first,
but that's cute.
Speaker 3 (07:05):
And then tell me a little bit more about that.
So you like bought your first house, Like when did
you get married, because you said that, you know, you
went on the ultimate working honeymoon. How old were you
when you guys were like, okay, let's get married.
Speaker 4 (07:18):
Yeah, So we bought our house at twenty two back
in twenty eleven, just before he turned twenty one, and
then we decided to get married in twenty fourteen. Because
the plan was always to travel, the timing of it
was never certain until we decided it was better to
(07:40):
get into.
Speaker 2 (07:41):
The property market first. So we actually actually got that
advice from another McDonald's manager when I was out on
a course and he was like, no, get into the
property market first, then rented out and travel And so
I took the advice of a random maca's manager.
Speaker 3 (07:57):
You know what, sometimes it works sometimes.
Speaker 2 (08:00):
And it worked out beautifully.
Speaker 4 (08:02):
So we rented the house out from twenty fourteen to
twenty and eighteen, and in that time we spent two
years living in London jumping about Europe. The rent covered
the mortgage plus a little bit.
Speaker 3 (08:19):
Oh my god, how good.
Speaker 4 (08:21):
Like I say, we feel really lucky, but we obviously
worked hard. I don't like to say we feel lucky
that the timing all just worked out really well, but
we worked hard to get to that point and then
it all just kind of fell into place, which was lovely.
So we had two years in London jumping about Europe
(08:41):
and then weren't ready to come home. So then we
spent two years in Vancouver, jumping about Canada and enjoying
life over there. The house was rented out. We did
get burned by a few tenants, but it all ended
up working out.
Speaker 2 (08:59):
It was just the lidists of dealing with real estate
agents in a different time zone.
Speaker 3 (09:04):
Yeah, so talk to me when you were living in
London and then in Vancouver. What kind of work did
you do?
Speaker 2 (09:09):
So I was doing admin work. I'd actually done a
diploma of HR management because I thought that was the
career I wanted. Spoiler, it's not.
Speaker 3 (09:21):
That's okay.
Speaker 4 (09:22):
You were a baby, Yeah, I was a baby and
my husband was working for an Australian tour company which
very conveniently provided some discounted tours for us.
Speaker 3 (09:34):
Oh, how good you guys? Had it worked out?
Speaker 2 (09:37):
We did?
Speaker 4 (09:38):
Yes, we were very very lucky with the timing of
everything as well, because after living in Vancouver for the
two years, we came back to Australia in October of
twenty eighteen, just before the world descended into mayhem.
Speaker 3 (09:56):
I was about to say, what good timing to then
get to go into lockdown, But I feel like it
would have been more stressful to go into lockdown overseas.
Speaker 2 (10:05):
Oh one hundred percent.
Speaker 4 (10:07):
I look at it now and go, Thank heavens we
got the travel in that we did, especially for how
cheap it was to travel around Europe. Were used to
have a look at Skyscanner and go, oh, look there's
a ten pound flight to Switzerland.
Speaker 2 (10:25):
Then you look around at work and go does anyone
want to go to Switzerland for the weekend?
Speaker 3 (10:29):
Stop it? But that's so cool. Like my best friend
or one of my best friends, Rosie lives in London
at the moment, and she does like she's just come
back from Sardinia. Like I look at her. We have
such different lives, but I watch her on with so
much envy because she's like, yeah, like, my friend and
I are just going to go to Sardinia for the weekend.
(10:50):
I've taken an extra two days off work. And I'm like,
imagine if that was my reality, Like you can just
do that? And she's like yeah, yeah, yeah. We got
some cheap flights and we found a cute resort. I'm like, what,
like that would be my annual holiday.
Speaker 4 (11:03):
It was something we had to learn really quickly in
terms of money, because we went from being paid weekly
here in Australia two monthly in London. And the first
few months we would go, oh, we are rich, and
we'd book all these trips and then the trip would
come around and.
Speaker 2 (11:22):
We'd be like, oh, we're poor. We got nothing. We
got nothing to spend here in the country.
Speaker 4 (11:29):
So we would stay in youth hostels and first time
it was we'd make a ham and cheese sandwich and
wrap it in a napkin. After a couple of months
of doing that, I just took a SnapLock bag in
my handbag and we'd put the.
Speaker 2 (11:43):
Ham and cheese sandwiches in the snaplot bag, so lunch
was done for the day.
Speaker 3 (11:47):
I don't know if you're following me on social media,
but yes, I still do that. My son, my husband
and I went on holiday to Bali recently and I
took his whole damn lunch box.
Speaker 2 (11:58):
Perfect.
Speaker 3 (12:00):
But I just feel like, you do what you got
to do to save some money. And don't get me wrong,
could I afford lunch like now? Yes, But old habits
die hard.
Speaker 2 (12:08):
If you're not making the most of it.
Speaker 4 (12:10):
So we came back and I found a job where
I am now as an executive assistant, and researched a
company that had good maternity leave because the plan was
always to start a family. Once we arrived back in
Australia and got settled back into the house that was
rented out, so October twenty eighteen to January twenty nineteen
(12:35):
we were living at my parents' place, which was a
shock to the system and we were ready to get
back into our own space by January and then so
worked for a year. The company I worked for had
I think it's a pretty good maternity leaf policy.
Speaker 2 (12:56):
So I was able to do that and then and
we had our baby girl in May of twenty twenty. Congrats,
right in the middle of lockdown.
Speaker 3 (13:08):
Oh my gosh, that would have been a fun time.
Speaker 2 (13:10):
Yeap. I came in and out of the hospital. I
had to visit it while I was in labor. Three times.
Speaker 4 (13:15):
I went in and out from home and they like
checked my temperature and I'm like, I'm in act, like
I'm proper having contractions.
Speaker 2 (13:23):
I've not been anywhere but home.
Speaker 3 (13:25):
Oh my god. I don't know what I would have done,
like having now gone through labor and like the whole process,
like the idea that women had to go through that
and what girl, you are stronger than me. I think
I would have had a mental breakdown.
Speaker 2 (13:38):
Oh I thank heavens. The hospital we were in didn't
restrict partners, so my husband was there. I don't think
I could have done it without him. And we were
really lucky in that for the majority of the pregnancy
there was no restriction on him coming to ultrasounds or
ob checkups or anything.
Speaker 4 (13:57):
So he didn't really except for maybe the last like
four weeks. He didn't miss out on that experience, which
was good.
Speaker 3 (14:06):
Oh, I'm glad because it's like not the case for
so many women, and like, I feel like so many
people in our community are still holding trauma over that,
and like that's just it's just rough, And whenever I
hear it, I'm like, I don't know how you got
through that, but I'm proud of you. So May twenty twenty,
you had a daughter. Did you go back to work
after that?
Speaker 2 (14:25):
So? I took twelve months maternity leave.
Speaker 4 (14:28):
I ended up going back slightly early for strategic reasons.
We were coming up to Easter an Zach Day, public holidays,
so I returned like two or three weeks early so
that I could ease into it with the public holidays
and get paid for those.
Speaker 3 (14:47):
Smart girl. Yeah you a strategy, queen, Yes.
Speaker 4 (14:52):
And then so I returned to work on a flexible
work arrangement three days a week. I was doing thirty hours,
and because we were still in pretty much in and
out of lockdowns, the office wasn't fully opened, I was
able to work a couple of hours while my daughter
(15:13):
was napping on my off days to make up the
thirty hours rather than doing three ten hour days.
Speaker 3 (15:19):
Good girl, I love that. And you said you have
two babies. When did number two come along?
Speaker 2 (15:25):
Number two came along in July twenty twenty two.
Speaker 3 (15:28):
Exciting. What age gap is that? That's like twenty two
years two months, two years two. I'm like twenty months
or twenty six months? Yeah, good job, how exciting? What's
that age gap?
Speaker 2 (15:39):
Like? It was really hard to begin with. I think
my algorithm told me that going from zero to one
was harder than going from one to two. I don't agree.
Speaker 4 (15:53):
Going from one to two was much much more of
a shock wake up call than it was zero to one.
Speaker 2 (16:01):
But I did have a unicorn baby first, so she
slept well. She was very chill.
Speaker 3 (16:07):
If you don't know that at the time, do you
just think that's parenting?
Speaker 4 (16:11):
And I was like, oh, like I was able to
bake and exercise and have my rest and keep the
house in order.
Speaker 2 (16:19):
And then two of them. I was like, yeah, no, this,
you need to lower your expectations. I love that.
Speaker 3 (16:27):
I was talking to one of my girlfriends the other
day who has three, and she's always just been this
like superhero mum right like, and she's had relatively good kids,
and like she'd always say things like, oh my god,
like you know, I'm just really trying so hard to
be a good parent. It's really paying off forever. Her
third kid is now what eleven months old, and has
humbled her Like She's like, no, none of that was me.
(16:51):
None of that was me. We just had two really
good kids, and I was deluded into having a third,
and I love them to the edge of the earth.
But also, what the hell is this?
Speaker 2 (17:00):
Yes, I can empathize with that.
Speaker 3 (17:02):
I feel like that that sounds reasonable. Maybe I should
introduce the two of you to share some trauma. And
now take us up to today. Did you go back
to work after your second baby?
Speaker 2 (17:11):
Yeah, so I went back to work.
Speaker 4 (17:14):
So I'm back at work now full time, but I
have still on a flexible work arrangement where I work
full time hours in four days.
Speaker 3 (17:23):
Oh nice.
Speaker 2 (17:24):
Yeah, so we've kind of said it.
Speaker 4 (17:26):
I had my set of values for how I pictured
mothering and parenting, and my limit for daycare was three days,
so I only wanted them in some sort of care
for three days at most. And we my husband and
I have worked together to make it that I have
(17:50):
one day off a week, he has one day off
with them a week.
Speaker 2 (17:53):
Then my eldest is kindy age, so she is in
a kindy three days a week, and then my youngest
is at daycare two days.
Speaker 4 (18:02):
And then we're very lucky to have the support of
our grandparents or their grandparents.
Speaker 1 (18:08):
My parents.
Speaker 2 (18:09):
The grandparents are around.
Speaker 4 (18:11):
To look after them during school holidays and on the
one day that my youngest isn't at daycare, and my
eldest got that because everything was shut.
Speaker 2 (18:22):
Down when she started daycare.
Speaker 4 (18:24):
She actually had alternating days with the grandparents when I
first went back to work with her.
Speaker 3 (18:30):
I feel like you've got your village sorted. That is
a good position to be in.
Speaker 4 (18:33):
We have a really beautiful village of people who are
happy to jump in and help, not just family, but
friends as well. A little side story is so I
had a beautiful home birth with my second of really yeah, beautiful.
Loved it, everything went smooth, loved not having to get
(18:54):
in the car, was having contractions, and then six weeks postpartum,
my opinion.
Speaker 3 (19:00):
Gave up or getting the bin.
Speaker 2 (19:03):
It didn't go in the bin.
Speaker 4 (19:06):
So it gave up and I had to rally the
troops basically to help because so she is six weeks old.
Speaker 2 (19:17):
Luckily I had like a freezer supply of breast milk.
Speaker 3 (19:20):
I was gonna say, were you breastfeeding as well, because
that would have thrown your breastfeeding into a spin, especially
with like all the medications and sedation, and like, oh
my god, no, like that's all my head went to.
Speaker 2 (19:31):
Yeah, first thing I packed breast fun The nurses were like.
Speaker 3 (19:35):
You're mad, I am, but also this is important to me.
And it's funny because before you said something that resonated
with me. You said I had this idea of what
I wanted my parenting journey to be like. And that's
exactly like me, Like there's no right, there's no wrong,
but like I'm the same as you and my husband,
and I've worked out how we both have a full
day off a week so that we can both have
(19:56):
Harvey that day. And like at the moment, he's still
only what like nineteen months old, so then he goes
to one of his grandparents on another day and then
he just does two days daycare And is that right
or wrong?
Speaker 2 (20:07):
No?
Speaker 3 (20:08):
But that's in my head what I liked the idea
of and you said, I liked the idea of three
days and pop off queen. But I love that we
can have these conversations because it's not like you know
the right thing to do is ex because there's no
right or wrong, but like, that's what makes me feel
comfortable as a parent.
Speaker 2 (20:24):
Exactly, it's what's right for you.
Speaker 3 (20:25):
And if breastfeeding while you're pumping while you're in the
hospital for your appendix is what you want to do,
pop off queen.
Speaker 4 (20:33):
And so we rally the village had someone dropping off
newborn bottles.
Speaker 2 (20:40):
Had lucky.
Speaker 4 (20:41):
I have a friend who's a paramedic nurse, so she
taught me how to hospital because I didn't know. I
rocked up at the hospital and I was like with
my mom, I'm like, I don't know how to hospital.
Speaker 2 (20:50):
Where do I go? What do I do?
Speaker 3 (20:52):
I wouldn't know either, And also I don't like it either.
Speaker 4 (20:56):
No, and so, and we had friends come over to
keep my eldest company, had people to come relieve my husband.
Speaker 2 (21:05):
Like it was just it showed me how important it
is to have a village.
Speaker 3 (21:11):
Good job. A good job. All right, So you've got
two babies. Currently you do four days per week, but
full time hours three days daycare village around you. Tell
me what do your husband and you do for work?
But you've got this great flexibility.
Speaker 2 (21:25):
Yeah. So I'm an executive assistant.
Speaker 4 (21:28):
I mainly work from home at the moment, although I
think that will change at some point and I won't
be stoked about it because I love working from home.
Speaker 2 (21:38):
But I get the job done and I do it well.
And my husband is a senior relationship manager.
Speaker 4 (21:46):
Now he's just been promoted, which is awesome for a
finance company.
Speaker 2 (21:52):
So hey, that's cool.
Speaker 3 (21:53):
And neither of you wanted to go to UNI.
Speaker 2 (21:55):
No, no, none of us.
Speaker 3 (21:57):
What kind of incomes are you earning?
Speaker 2 (21:59):
What like?
Speaker 3 (22:00):
As an EA, what do you earn? And then what
does your husband earn?
Speaker 2 (22:02):
Yeah?
Speaker 4 (22:03):
So I am on ninety eight thousand a year and
that's with twelve percent superincluded, I believe.
Speaker 2 (22:13):
And then my husband, I think he's on about one hundred.
Speaker 4 (22:17):
And fifteen full time, but he only works four days
a week, so minus twenty percent of that.
Speaker 3 (22:24):
Yeah cool, Oh my god, I love this. So tell
me a bit more. Like you obviously have a good income,
You've got your two babies. You've had a very good,
like I would say, trajectory of like being able to
travel and come back and own your house. Like what
a little dream? How good? What are your next big
money goals? Cause, like, you're not planning for a wedding?
Are you two and done? Are we planning for more babies?
Speaker 2 (22:47):
Like?
Speaker 3 (22:47):
I feel rude asking, but then I'm also like, low,
it's anonymous. I can ask these questions without it being
rude because it's actually a finance one. Tell me about
what does the future money goal thing look like?
Speaker 2 (22:58):
Yeah, so two we are done because we have purchased
a caravan with two bunk beds.
Speaker 3 (23:05):
Okay, we're done. Yeah, we don't actually have any more
space on top and tailing there'd be too much fighting.
Speaker 2 (23:09):
Yeah. So that was the.
Speaker 4 (23:11):
That was aciding pact. And though we were always planning
to and done. So big money goal at the moment
is to save up for a new car.
Speaker 2 (23:22):
That can toe the caravan a little bit easier than
the current car.
Speaker 3 (23:28):
I was about to say, do you have a car
that can't toe the caravan you book, because that's kind
of low key funny.
Speaker 4 (23:32):
No, it can toe, it works hard. We want a
car that can toe heavier so it doesn't.
Speaker 2 (23:39):
Have to work as hard.
Speaker 3 (23:40):
Yeah, maybe you can take luggage with you, that would
be good. Yeah yeah, the kids can come, yeah yeah yeah,
but until then sorry child free holidays only. What else
are you currently working towards?
Speaker 4 (23:51):
So that and then I guess the bigger money goal
is I mean all the life stuff saving up for
just to give the.
Speaker 2 (24:01):
Girls the choice of education, whether we go public schools
or private schools.
Speaker 4 (24:07):
And the biggest part I guess of our money goal
is to save up to be able to do longer
trips in the caravan and explore Australia, because neither of
us have done Like we've traveled Europe, we've traveled Canada,
but we haven't traveled around Australia. And that's what we
(24:28):
want to do with the girls while they're on the
younger side of things, so that we can get those
core memories and just enjoy that simple family time.
Speaker 3 (24:39):
And Australia is beautiful, like just there's so much to
explore in the fact that you can kind of pack
up a caravan and go, like what a dream. I
love this for you, so I.
Speaker 2 (24:49):
Want to share just I guess how we were able
to purchase the caravan. Yes, please, because it's a bit unique.
Speaker 3 (24:57):
I was about to say, like that we can talk
about debt, but also so tell me how did you
purchase the caravan?
Speaker 4 (25:03):
So we purchased the caravan because we were given early
access to some inheritance.
Speaker 3 (25:09):
Oh very cool. How did that eventuate? Is that something
you were like, hey, can we get it? Or were
they suggesting it? Or they so they suggested it. They've
helped two siblings as well. They wanted us to have it,
and I actually struggled with it for a while after
they'd given us the money, and I was like, oh,
what do we do?
Speaker 4 (25:30):
Like should we be more responsible and put it all
in the mortgage or should we be investing it?
Speaker 2 (25:37):
What should we be doing? And it was actually something
my dad said that made it feel like it was
okay to spend on the caravan. And that was he was.
He said two things.
Speaker 4 (25:48):
Actually, one he said, I wish we had done more
big things as a family when we were kids, and
my mom and I looked at each other and we
were like, you're crazy.
Speaker 2 (25:58):
We did lots as a family, so no, you didn't
need to do more.
Speaker 4 (26:03):
But he also said, your kids won't remember you paying
off the mortgage early, but they will remember the holidays
and the trips that you do.
Speaker 2 (26:12):
And he said, you know what, if you get into
a bind, you can sell it.
Speaker 3 (26:16):
I mean he's not wrong, you see, he's not. And
I feel like caravans, like I'm probably not looking at
them as investment opportunities, but they do definitely hold their value,
like they're not the worst thing in the world. Like
I've I've had a lot of clients buy a lot
of caravans, and I've always been super shocked at how
much they can still sell them for. And like I
(26:37):
even had one client, actually two clients who have you know,
just added modifications like updated the like you know, backsplashes
in their kitchens and stuff in their caravans and sold
them for more like a couple of years later after
they're like, oh my god, like you know, we're over this.
The kids don't want to go anymore because I feel
like there's a period of time and like I don't
know about this because of my experience, but just from
(26:58):
other people's. Your kids when they're young love the caravaning life,
but like once they become like mid teenagers, they have
no interest in sharing a space with the parents. So
that seemed to be when parents started to go, look,
we're just going to get rid of the caravan. It's
more hassle than it's worth. But that's when they were
selling it for more, and I was like, what the heck,
this is not where I thought that you would get
extra cash from.
Speaker 2 (27:19):
Yeah, very cool though.
Speaker 3 (27:21):
And I'm glad that you're doing it while they're young.
How exciting.
Speaker 2 (27:24):
Yes, it's very exciting.
Speaker 3 (27:25):
All right, let's go to a really quick break because
on the flip side, I just have a lot of questions,
like I feel like you've got some good and bad
money habits, but I also want to know more about
this house, your debt on the house, any other debts,
and I want to talk about investments. So guys, don't
go anywhere. All right, money drives. We are back, and
I have been adoring your money story. I've like probably
(27:48):
been looking down to you the whole time. It's because
I'm taking obsessive notes and just making sure I'm keeping
up because I'm like, oh, this is a journey, okay,
And in twenty eighteen you did what all right? And
then from jan twenty nineteen, I'm like, Okay, cool, like,
I'm just key be in track, but talk to me
about investing. Like, I feel like you guys, for the
first half of your lives probably weren't that interested in it.
But like, girl, you listen to She's on the Money,
(28:10):
so like, tell me about any investments you hold or
your thoughts around investing for the future.
Speaker 2 (28:15):
Yeap, you are correct.
Speaker 4 (28:16):
We weren't interested in investing earlier, but now we do
have a few investments. So since listening to She's on
the Money, I have opened a comsept Pocket account and
a Chasie's account and I've got some funds split across those.
(28:38):
The Sharese's is quite a range of things. I kind
of didn't really have a strategy. It was well, I
got a list from my dud's financial advisor of who
he has shares with and I just went, okay.
Speaker 3 (28:53):
I'm just going to copy cool, no worries.
Speaker 2 (28:55):
So did that. And then the comset Pocket you kind
of just pick.
Speaker 3 (29:01):
One of their six ETFs that.
Speaker 2 (29:03):
They are one of their few yeah, and I just
did that.
Speaker 4 (29:06):
I was like, I think we've got some Australian ones,
some environmental ones.
Speaker 3 (29:11):
Yeah, for those playing along at home who are like
maybe not in the investing market. Yet. Concept Pocket, I
would say, is more of a micro investing platform where
Comsec has chosen to create this like refined platform where
when you log in, I might be wrong with six,
but it's like between six and twelve ETFs that their
brokers have specifically picked that you can choose from, so
(29:34):
you have really limited options. It doesn't mean it's worse
or better. It just means you have limited options. And
a lot of people like that because they're like, I've
got analysis paralysis, but I want to invest, and I
also don't want to like pick from the entire share market.
And then shares Is, which we talk about on the
show all the time, is a full service platform, so
you have access to every single thing on the Australian market,
(29:56):
every single thing on the US market, the same for
New Zealand. Like an, I feel like that can then
be a little bit overwhelming. Is that why you're like, oh,
I've got a range, like because there's just so many
options or is that just because you're like I copied
my dad's financial plan or like what's that looking like
moving into the future.
Speaker 4 (30:15):
Yeah, so some of them I was just say, oh,
I know this company, I'm going to buy a share
in it. So I've got things like Coke down a
EDI like NAB. There's a big range of shares.
Speaker 2 (30:32):
It's not that much money.
Speaker 4 (30:34):
Like we've only got two and a half grand in there,
and I don't put into it regularly. But I've just
realized that I want to now a bit more regularly.
With some of the money that I make from my side,
hustle will start. I think I'm going to start putting
like twenty percent of each job in there just to invest.
Speaker 3 (30:58):
Yeah, no, love, love. And this is why asking questions
because I'm like, well, what does that actually look like
for you? How does that work? Because it's just different
for everybody, And like that's the frustrating thing because I
think once you start investing, right, like I feel like
all of us we go, I want to start investing,
and then you're just looking for the answer, and you're
hoping that the answer is like you'll somehow stumble on
(31:19):
someone that says you need to download Chaisias and then
you need to buy these two ETFs and then everything
will become clear. And that's just not how it works
because everyone has a different situation. And even if right
I said, do that one, I would be in breach
of my financial services license, so we won't be doing that.
But true, I know enough about the investing world that
(31:40):
that would be wildly irresponsible because what works for you
is not going to work for the next person and
the person after that. Like, it's just crazy how different
everyone needs to invest, and that's why you have to
invest time and energy in working out what you're going
to do. So what's the plan for your bigger investments
for the future? Like, talk to me about Superannua. How's
that tracking? You've been working since you were very young,
(32:03):
so I'm assuming it's looking all right.
Speaker 4 (32:05):
Yeah, I don't know what is normal for someone my age,
but I did spend six years out of the workforce
as well. So my super is sitting at eighty two
thousand and my husband's is at ninety one thousand.
Speaker 3 (32:21):
How old is your husband?
Speaker 2 (32:22):
Thirty four?
Speaker 3 (32:23):
So, like, the average balance for someone in their mid
to late thirties falls between seventy to ninety thousand dollars,
and you are just smack bang in the middle, even
though you took some time off. That might not be
how much you want to have in there for future planning.
But like, you're not far behind. And then men is
slightly higher than that, but we don't care so much
about their superannuation balances. I just care about bumping the women's.
(32:46):
So anyway, that's a good thing. Yeah, I love that,
and I love that you know your numbers as well,
because that's really really important. Talk to me about debt.
So you bought your house I believe you purchased that
in twenty eleven, rented it out, organized the income from
the rental was paying the mortgage and a little bit more.
(33:07):
What does that look like today? Like, give me the
nitty gritty. How much did you purchase a house for
in twenty eleven.
Speaker 4 (33:13):
And twenty eleven, we purchased a house for four hundred
and thirty five. I can't remember how much the mortgage
was at that point, but we just scraped through not
paying lender's mortgage insurance.
Speaker 2 (33:25):
And that was because we worked for a bank.
Speaker 3 (33:28):
Does that mean that you got a ten percent deposit
and no l am I as well, because most banks
back then I think did that deal.
Speaker 2 (33:34):
Yeah. I think we may have even been like a
nine percent deposit and no l am I. Yeah.
Speaker 3 (33:39):
Money win, money win. It's just gotten harder from there. Yes, yes,
So this.
Speaker 4 (33:43):
House I couldn't see past the color of it. We
nearly didn't buy it. We had to go back to
it three or four times, and in that time it dropped.
Speaker 3 (33:51):
Girl the color. The color, Yeah, well the price dropped
because clearly it was a really bad color.
Speaker 2 (33:56):
Yeah, the price dropped. And having looked at the history
of the house, I'm pretty sure they made a loss,
which makes me feel sad for them, But when for me?
Speaker 3 (34:05):
So we're not mad. We're not mad. So hold on,
what do you do about the color? Is your house
still really ugly?
Speaker 2 (34:10):
It got painted?
Speaker 3 (34:11):
Yeah, see there go you can fix those things. We
need to look beyond the cosmetics.
Speaker 4 (34:15):
Exactly the first time we walked in, though I could
not see past it, I said to my husand I
was like, nah, we we can't buy this space.
Speaker 2 (34:23):
It's ugly.
Speaker 3 (34:24):
Oh my god, that is quite funny. But also I
want to be like, look past it, look at the
bones of the house. I can buy you some damn paint.
You don't like the carpet, I can rip it up.
Speaker 4 (34:34):
So that house we actually sold in twenty twenty one, Okay,
and how much did you sell that for? So we
sold it for seven hundred and forty two thousand, five
hundred stop it.
Speaker 3 (34:49):
How good is that? And what did you then do?
So you had a nice amount of equity to play
with to maybe purchase another house, is that right?
Speaker 4 (34:55):
We did, so we sold that house in we'd have
been around mid twenty twenty one.
Speaker 2 (35:02):
We actually were homeless for about three months.
Speaker 3 (35:06):
But flush with cash, so that's all good.
Speaker 4 (35:09):
Yeah, So we had no backup, no property that we
had to offer on or anything, because at that time
properties were going like so quickly that we couldn't have
the condition of to sell that place to buy a place.
So we went through, sold it, lived with the in
laws for about three months with just a one year
(35:32):
just turned.
Speaker 2 (35:33):
One chaos, yes, and all our stuff went into.
Speaker 4 (35:36):
A storage container and split between the two grandparents' housand
and then we actually the house that we're in now
we bought privately off market, no real estate agents or anything.
Speaker 3 (35:51):
Oh, how did you work that out?
Speaker 2 (35:53):
So we did get shown through the property, and they
hadn't signed with the real estate agent.
Speaker 3 (36:00):
Or cheeky, they shouldn't have shown you through the property.
Speaker 2 (36:02):
They were trying to decide whether they were going to
sell the property. The owners of this one. We're trying
to decide whether they were going to sell the property
off market or put it on market because they thought
they could get more for it, but they were empty masters,
there was too much maintenance. They were ready to move on.
(36:22):
So they were still deciding, and we'd had a look through.
Speaker 4 (36:27):
It was pretty much perfect for everything we wanted, except
it didn't have a pool.
Speaker 2 (36:32):
But for what they had been asking for it, we
had enough aside that we could put a pool in.
Speaker 4 (36:39):
And I rate them a letter and dropped it in
their letterbox and said, thank you so much for inviting
us into the house to have a look. Totally understand
that you've got to do what's best for you if
you do need to take it to market, but we
can definitely see ourselves growing our family and growing our
kids old here like a bit of a tuget the heartstrings.
Speaker 2 (37:03):
And then the owner called my husband and we went
from there like it just it worked. It happened.
Speaker 4 (37:11):
We ran into them again at a local park and
the conversation continued and they sold.
Speaker 2 (37:19):
Us the house.
Speaker 3 (37:20):
Oh that's so good. So what did you purchase for?
Speaker 4 (37:23):
So we purchased this place for nine hundred and forty
one thousand and five hundred and the mortgage that we've
got at the moment is five hundred and seventy one thousand.
Speaker 3 (37:38):
Oh my god, how good. And what year did you
purchase that in because you sold in twenty twenty one
and that was mid twenty twenty one, so like early
twenty twenty two, is.
Speaker 2 (37:45):
That no, say September twenty twenty one we purchased Yeah.
Speaker 3 (37:49):
How exciting. And then do you know what the house
is worth now? Because like, sorry, I know you're in Queensland.
I won't be more specific than that. And property in
Queensland since then has done relatively well.
Speaker 2 (37:59):
Yes, so the high kind of value of the house
is one point five.
Speaker 3 (38:06):
Look at you guys, go you got some nice equity.
I have to ask you said, oh, it doesn't have
a pool. So as a Melbournian, I interviewed a money
DRIs a couple of weeks ago and she was like,
oh my god, we have a pool. And I was like,
oh bougie. But I feel like most houses in Queensland
actually have a pool, so like that's fine, And that
also makes sense because you were like the empty nesters.
There was a lot of costs and I was about
(38:27):
to be like, is it because there's pool maintenance? Did
you put in a pool? Is that something you don't have?
Like it seems like the way you said it, there
was a value there that you were like, I want
a pool.
Speaker 2 (38:37):
Yeah, we put a pool in.
Speaker 3 (38:38):
Ah, how much does it cost to put in a pool?
Speaker 4 (38:41):
So that was I feel like it was about sixty thousand.
But we got landscaping done as well, so we got
proper drainage under the grass and everything. And yeah, so
it's about sixty thousand for the pool, fence and landscape.
Speaker 3 (39:00):
That feels more reasonable than I thought it would be.
Speaker 4 (39:03):
Yeah, so that was back in twenty twenty one. I
think it's more well, No, it was early twenty twenty
two that it got finished. It got finished just in
time for Australia Day.
Speaker 3 (39:13):
I think, oh, how good, so you could enjoy the
rest of summer.
Speaker 2 (39:17):
Yeah, and then the landscaping got finished just before giving birth.
Speaker 3 (39:21):
To my second So yeah, you don't need that type
of stress. So you purchased for nine hundred and forty
one thousand. Current mortgage is five hundred and seventy one thousand.
It's worth about one point five mil. Tell me, do
you have any other debts.
Speaker 2 (39:36):
So we do have a solar loan that we got
purely we had the cash. We got it because the
interest rate was zero point nine nine percent and we
were like, well, we'll just keep that cash offsetting the mortgage.
Speaker 3 (39:53):
And smart see strategy, queen.
Speaker 2 (39:57):
Yeah, it does pay to know people in a bank
and remaining friends with them. But yeah, so we got
the solar.
Speaker 4 (40:07):
There's about nine thousand dollars owing on that from what
was and it was like twelve or thirteen thousand, three
years ago, which we're not paying extra off on that
at the moment.
Speaker 3 (40:19):
If the interest rate's good and it's popping along, your
money's working harder on your mortgage anyway, exactly.
Speaker 4 (40:24):
And then we also have a credit card which gets
paid off each month like the total amount owing, so
there's no interest paid on that. It is just a
tool to pay for everything, get points, and have the
money sit against our mortgage for the extra thirty days
that it can.
Speaker 3 (40:44):
Smart girl, tell me a bit more, because I feel
like all of this, like, you know, I met my
husband when I was like sixteen, started dating at eighteen,
Like we didn't go to UNI, like a money story
could have looked very very different, like it could have
just been not the way that it has worked out
for you guys, And you know you are clearly very intelligent.
(41:05):
You clearly have your heads like screwed on properly. So
you've made it not just work, but like you are
I would say, thriving in this situation. How have you
done that? What is your best money habit? What can
we learn from you? Because I think that there is
this narrative out there that to be successful you have
to go to university, and that's just not the damn case,
Like most of my team have not gone to university.
(41:27):
Like from my perspective now as an adult, it doesn't matter.
But the pressure is put on you when you're like
at school, what are you going to do? You need
a job that starts with an a, like you need
to be a doctor, a lawyer, a engineer or something,
and then all of a sudden, that's just not how
the world works. What's your best money habit? How have
you done so well?
Speaker 2 (41:47):
Well, that's money habit?
Speaker 4 (41:49):
I think just I don't even know because it doesn't
feel like we have that many good have many good habits,
But I guess it's just one looking for the best
deal or the smartest way to make the money work
for us, and talking to people who know more than us,
and being not afraid to ask for help or ask
(42:12):
the questions that might seem silly at the time.
Speaker 2 (42:15):
And yeah, like literally, it's always looking for the best deal.
Speaker 4 (42:18):
Like my husband is very good at finding He's much
more patient than I am. I am like, well, I
want it, we need it, just get it wherever you
can get it fastest, but he will look into it.
We do utilize marketplace a lot for buying and selling,
so I think that's something as well. Like we literally
(42:42):
this morning sold our pram because we don't need it anymore.
Speaker 2 (42:46):
And so that was a nice little cash infusion.
Speaker 3 (42:49):
Nice. How much what pram did you have? I need
to know? Was this a good investment?
Speaker 2 (42:53):
Yeah? So we had the Bugaboo Donkey Gorge.
Speaker 3 (42:56):
How did we like it?
Speaker 2 (42:57):
Yeah? I loved it. Went from an.
Speaker 4 (42:58):
Upper baby Vista to the Bugaboo Donkey because I couldn't
picture having two kids on top of each other.
Speaker 2 (43:05):
I needed them side by side.
Speaker 3 (43:07):
That's absolutely fair.
Speaker 2 (43:08):
And I loved by Vista. I loved it.
Speaker 3 (43:11):
See I'm a Vista hater. I'm a Vista hater. I
think that they're so big and so clunky and so heavy,
and I'm very lucky that I've never had one. But
I have looked after my friends and families kids who
have Vistas, and I was like, I'm never getting this pram. Like,
but you know what, once you have a Vista, I
feel like you join a cult and then everybody is
(43:31):
a Vista mam, and you're talking about your adaptations and
stuff that you can put on there and how much
you can fit in your basket, and I just don't care.
I got the pram that was most compact and I
could pick up and put in my car with one hand,
like sligh, because you can't do that with your Vista.
Speaker 2 (43:44):
Can you. You can't. You can't do that with the
Donkey either. No.
Speaker 3 (43:49):
But I feel like once you have two kids, you
just don't have a choice. You're going to have to
go down like the heavy pram route. Like one, you're
living a life of luxury. Two you do what you
got to do.
Speaker 4 (44:00):
Yeah, that's exactly it. And yes, so yes, it was
a good investment. We bought it from marketplace. I'm not
actually sure. I think we may have sold it for
more than what we bought it for because I can't
remember what we bought it for.
Speaker 3 (44:12):
Well, if you bought it secondhand, what did you sell
it for?
Speaker 2 (44:15):
I put it up for five thirty five.
Speaker 3 (44:18):
That's a good deal. And did they like bargain you
down or to just say it's great, I'll take it
for five thirty five.
Speaker 2 (44:22):
No, they just took it.
Speaker 4 (44:24):
And I mean we did have additions to it, so
probably overall we came out even.
Speaker 3 (44:30):
Yeah, and I mean those things for those playing along
who maybe don't live in the pram world like us,
that's like a two and a half thousand dollars pram
after you add like the additional seats and like the
liners and whatever else you have to buy, Like she's Spinos,
So that's a good deal. I love this for you.
Are there any other ways that you've been injecting cash
into your house? I had a sneaky suspicion that there
might be one, because you know, I'm not going to
(44:53):
give her like identity away, but her email address has
UGC in it. So tell me about this journey.
Speaker 2 (45:00):
Yes, so, oh, this is a journey.
Speaker 4 (45:03):
So I started doing a side hustle of content creation
for brands in last year and it started because I
didn't really want.
Speaker 2 (45:16):
To go back to work full time but couldn't afford not.
Speaker 4 (45:20):
To, and started looking at ways to make money from home.
Fell for a few not scams, but scams, But there
was a light at the end of the tunnel because
going down and learning about this kind of icky side
of content creation brought me to the user generated content
(45:43):
side of content creation, which is working with brands to
create ads but as a user of their product, more authentic,
less polished. And so I've been doing that for a
year and a bit and love it.
Speaker 3 (46:01):
It's fun, isn't it.
Speaker 4 (46:02):
It's fun, and it's given me so much confidence, Like
for me to be here doing this would never have happened,
like a year or two ago when the first brand
deal came through. It was just like the silly, little
happy dance that I did when I got that email
and realized it wasn't a scam.
Speaker 2 (46:23):
And from there it's just kind of keeps ticking along
and I really enjoy it and I've made like a
lovely community of people online.
Speaker 3 (46:33):
Now, So what type of income do you make from
creating user generated content? Because it's a different space for
those of you who maybe are listening here going what
is that? So we all know influencers make content and
they post about let's just pretend it's like a skincare
brand and they post their skincare review. Now, influencers are
losing popularity because obviously we prefer much more authentic content
(46:56):
that's a little bit more organic, that's from mums and
people that you know, actually use the product give you
a genuine review, but maybe don't have a million followers,
maybe don't even have any followers. So the brands reach
out say to money diarst and say, hey, could you
just like trial our products and give us an honest
review and they pay you for it. But what type
of income are we being given?
Speaker 4 (47:17):
Yeah, so it can definitely vary depending on your negotiation skills.
But so last financial year I made six five hundred
dollars because we've just done our tax So on average,
I would say like per job making between like my
minimum is two hundred.
Speaker 2 (47:38):
And fifty dollars up to I think the highest I've
been paid is like five or six hundred dollars for
a job.
Speaker 4 (47:47):
And that's maybe like when you add in all the
admin hours and like creating a concept and stuff, maybe.
Speaker 2 (47:55):
Like two or three hours of work per job, So
it feels pretty good.
Speaker 3 (48:00):
I love that. I love that for you, And like,
don't get me wrong, like you know, you could get
bored of it at some point, but like I kind
of love it. And as somebody who I get to
play in that space, obviously more as an influencer, but
I have this I would say privilege because I already
own my businesses, Like I've got Sheees on the money,
I've got Zella. I don't have to do skincare stuff.
But like I love a little skincare moment. I love
(48:23):
trialing products, and I love being like giving my organic response.
It just feels special, Like it feels nice. I love
sharing with a community, and like just even creating it
gives you more confidence. And you've just said before like
getting me on your show would never have happened without it.
I love what it's given you.
Speaker 4 (48:41):
Yeah, and it was something outside of being a mum
and a traditional work setting that like, at the moment,
it's a fun hobby. But maybe some point it could
become a job thing. I don't know, Like I don't
know what that looks like in the future. At the moment,
it's fun, and I don't. It's bonus money, like that's
(49:04):
fun money to play with.
Speaker 3 (49:05):
Yeah, yeah, yeah, absolutely. So let's flip with the narrative.
What's your worst money habit?
Speaker 4 (49:11):
Sorry, I would say worst money habit is that we've
fallen off the track of like budgeting. I used to
go in and like go through the accounts every month
or even every week and go through life, what are
we spending here and there and make sure like we're
kind of putting money aside.
Speaker 2 (49:33):
But life lives, and I don't make that a priority anymore.
Speaker 3 (49:37):
So is it something you want to get back to? Yeah?
Speaker 2 (49:40):
I think so.
Speaker 4 (49:40):
We've tried like a few different ways of automating our
like transfers and stuff.
Speaker 2 (49:49):
There's all of our money is our money. It's all
combined and.
Speaker 4 (49:53):
Just gets shot out of the pay account on payday
and pays the mortgage and put money aside for like
the annual bills and the quarterly bills and stuff.
Speaker 2 (50:05):
But I'm probably not as strict with it anymore.
Speaker 4 (50:09):
Particularly grocery shopping is probably bad because I'm like, I'm
not setting a dollar amount to what we buy for groceries.
Speaker 2 (50:20):
I want what I want, and that's what I'm going
to buy. I'm not compromising on that.
Speaker 3 (50:24):
Yeah, yeah, And it's a slippery slope for right, I'm
going to fix it for you. I'm going to set
you up with my money masterclass so that you can
get back on track. And it's not necessarily about restricting,
Like I don't want you to have to set a
budget for your groceries, but I do want you to
go through your finances and be like, Okay, on average,
we spend X on groceries, and then you're really aware
of that and you're just across your finances and I'm
(50:46):
biased because I made it, but I think that the
spreadsheet in there is next level, So like all you
have to do is put in what things cost you
and what your income is, and then I split out
what bank accounts it should be in, how you would
divide that up, and what that would look like, so
that I do the hard work and you don't have
to do the planning because I feel like budgeting. Yes,
you can go into a spreadsheet and update it and
(51:08):
that's great and you've got visibility, but it's about that
next step of like, okay, but which bank account should
this be going into so that I don't dip into
my savings. If we've got this big savings goal, like
you're planning on another caravan holiday or something, we can
put that in and I know that we can work backwards.
So I go, well, when's the holiday happening and how
much do you need? And you go, yep, I need
two thousand dollars and it's happening in six months, And
(51:30):
I go, great, Well, this is how much you need
to put into that bank account each and every single
week or month or literally fortnite, depending on how you
set this up to make that happen. So I do
the hard bit, and then hopefully it will be like
maybe you have to do the work. I'm sorry, but
like it'll be like waving a magic wand and you'll
feel more on track. So I feel like I can
fix your bad money habit. That's a good deal.
Speaker 2 (51:49):
That sounds perfect. Take the mental load part off.
Speaker 3 (51:52):
I love it. Tell me a little bit more. At
the start of this episode, you said, I reckon I'm
a BS. Is it that budgeting piece that would take
you up to an A plus or what else do
you think you guys would need to do or change
to get there?
Speaker 4 (52:04):
I think to become an A plus would be to yes,
have better oversight of the budget and more knowledge and
regular investing.
Speaker 3 (52:17):
Yeah, fair, fair fear. Talk to me a little bit more.
Is there anything that you're doing at the moment to
work towards that or is that like, oh, like you
know we will at some point, or is that something
you're working on, because I feel like you're already working
on it, Like throughout your money story, you're talking about
your shares ease and your concept pocket up, and I
just feel like you're already doing these things. It's just
maybe time to get there.
Speaker 2 (52:38):
Yeah.
Speaker 4 (52:38):
I think time and just setting it up as a
habit to like habitually be putting money aside, whereas at
the moment, it's when there's a bit of extra cash,
we'll go, okay, well let's throw it in. So yeah,
making it more strategy, more strategy, and more like regular,
(52:59):
not so sporadic.
Speaker 3 (53:00):
We need some direct deposits. We need to do our
budget and cash flow and understand that and know how
much free cash flow we might have, and then we
need a direct deposit that we set up every single
month or how often you get paid that just takes
it away from you and puts it in there so
you don't even have to think about it. That's what
we need to do exactly.
Speaker 2 (53:15):
All right.
Speaker 3 (53:15):
Well, I'm glad that we're on the same page because
that's what my money masterclass is going to do, thankfully,
But I'm really sad that we've run out of time.
I feel like you and I could keep chatting. I
just I want to talk more about just like everything,
but unfortunately that is not the reality of our situation.
Thank you so much for joining me, for having a
really good chat. I've taking six million notes because I'm like, oh,
this is cool, or she's any age, she does this like,
(53:37):
it's just so fun. I feel like it is such
a privilege to get to sit down with people like
you literally every week and be like, tell me about
your money story. How can my community learn from you?
So thank you so much, because I know the community
is going to eat this one up.
Speaker 2 (53:50):
Thank you very much for having me Adore.
Speaker 5 (53:52):
Adore did my share on She's on the Money is
general in nature and does not consider your individual circumstances.
Speaker 3 (54:05):
She's on the Money exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 5 (54:12):
If you do 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 Sherper Pty Ltd A b N
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eight AFSL four five one two eight nine
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