November 30, 2025 • 34 mins
If you’ve ever looked at your payslip and thought “there’s no way I can build anything on this,” this diary is the proof you need. Our Money Diarist started on eight dollars an hour at Macca’s, saved like a girl with a plan, and built a foundation that most of us don’t hit until our thirties.... and she did it before she could legally rent a car. This episode is packed with the stuff that actually matters when you’re starting small. The tiny habits that added up to her first thirty thousand dollars. The mindset that kept her choosing long-term wins over short-term fun. The discipline she built on a low wage that turned out to be her biggest superpower once her income jumped. If you’ve been telling yourself you’ll start saving “when you earn more,” this diary will change your whole perspective, and maybe your next pay cycle too. If you want the motivation to start with what you’ve got, this diary will light that fire.
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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 - 451289.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
My name's Anatasha 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 Mbina,
yakarum Jar, Dominyama, Domaga, Ithawakaman, damon Imlan Bomber bang Gadabomba
in and now in wakah Ghana on yak rum Jar
(00:20):
water Nadaa. Hello, beautiful friends, we gather on the lands
of the Aboriginal people. We thank acknowledge and respect the
Abiginal 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,
(00:40):
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money.
Speaker 3 (00:46):
She's on the Money.
Speaker 2 (01:07):
Hello, and welcome to She's on the Money, the podcast
that lets you be pervy about other people's money habits
for educational purposes, of course. Welcome back to another one
of our money daries where we get to talk with
one of our incredible She's on the Money community members
all about their journey. Let's jump straight into it. Because
this week I got an email and it sounded exactly
like this, dear, she's on the money. I got my
(01:30):
first job at fourteen at McDonald's, and I've been working
and saving ever since. At nineteen, I bought my first
townhouse while studying at UNI and trying to make a
mortgage work on a part time income. A few years later,
my partner moved in and started paying rent, and that
was the beginning of us building something bigger together. We've
since bought a home of our own, and that first
(01:51):
property is now an investment. I'm obsessed with your podcast.
I listened to every single episode. I would absolutely love
to share my story as a single young girl who
started working at macis who now has a portfolio of
one point five million dollars at the age of twenty five.
I'm so passionate about budgeting and money management. Let's chat money, diarist.
(02:14):
So you're like a millionaire that you're like twenty five,
isn't that crazy? All right? So tell me a little
bit more about your money story. Let's go back to
you being fourteen and your first job being macs.
Speaker 4 (02:23):
Hey. So my money story probably started yet when I
was fourteen, I was working part at McDonald's. My parents
were very much into my sister and I starting work
as soon as we become fourteen. So we worked at
McDonald's and I was earning eight dollars an hour at
the time that would have felt like a lot. It
was a lot, and I love the extra money that
(02:44):
I was bringing in as well that I could spend.
So I was on eight dollars an hour. I was
working most weekends and night after school as well, and
I gradually worked my way up through McDonald to become
a manager. By the ten I was seventeen. Oh okay, cool, Yeah,
it was really exciting. So drew McDonald's. I was able
to save up enough money to buy my first car,
(03:05):
and then from there I was able to also save
my deposits for my first townhouse that I bought in
two thousand and nineteen.
Speaker 2 (03:13):
How much did you save for that? Because that's crazy,
like going from you know, fourteen, earning eight dollars an hour,
obviously working up like earning some more. But there are
so many people and I mean, this wasn't that long ago, guys, like,
you know, she's twenty five. This is not like, you know,
thirty years ago. You know, you bought your first home
and we go, oh, great, like bit unrelatable. I feel
(03:34):
like during this period of time you would have been
seeing friends and family and stuff, still saying like, oh,
the property market's really hard to get into. How much
did you save? Like I'm jumping ahead, but like, girl,
this is impressive as all. Heck.
Speaker 4 (03:46):
Yeah, so I saved thirty thousand dollars because the cownhouse
was only two hundred and fifty thousand dollars that I
paid for it. Yeah, so they had it advertised for
two hundred and seventy five thousand, but because I was
part time, I was at university, I was obviously female,
so they were like, oh, you could only borrow, like
to purchase up to two hundred and fifty thousand, to
(04:08):
borrow two hundred and twenty thousand. Yeah, that's where that
came from. And I put my offer in. The owner
at the time was desperate to sell. He was an investor.
He wanted to buy all the property, so he was like,
you're the only person interested, I'll just sell it to you.
So that was really really good for me money when
wikake that, and then I spent the next five years
(04:28):
living in that property. And studying at university. And then
once I graduated university, I saved up some money with
my partner and we moved into our next house that
we bought, which was last year in May, for seven
hundred and forty five thousand.
Speaker 2 (04:45):
Oh my goodness.
Speaker 4 (04:47):
Yeah, we wanted a bit of house with some land,
so he saved up a deposit because he was paying
me rent at the time. We were living in the townhouse,
and so he saved the deposit and I drew the
equity from my account and we bought this house I'm
currently living in now.
Speaker 2 (05:03):
Oh my god, So tell me you bought that townhouse.
And I know I'm jumping ahead to the like you know,
investments and debts and stuff like I know people are
thinking it right now, and we're real pervy. You bought
for about two fifty K. What was the equity when
it came to purchasing your like family home, I suppose
with your partner.
Speaker 4 (05:20):
Yeah, so I ended up drawing out one hundred and
ten thousand dollars in equity. To give a little bit
of perspective. Obviously, the property market has increased since then,
so it's currently worth six hundred and fifty thousand sorry.
Speaker 2 (05:33):
What you bought for two fifty and it's worth six
point fifty.
Speaker 4 (05:37):
Yes, yes, And the property valuation. A year ago when
I would buying this current house I'm living in, it
was valued at five hundred thousand, but today it is
valued at six hundred and fifty thousand, So another money win.
Speaker 2 (05:52):
So when we're offline, you just give me all your
property tips and tricks like I would put my money
in there. Absolutely, like you are getting way better return
burns than anything you could in the share market right now.
And that's not to say that property is a better investment, Guys,
do not take what I'm saying as that. But like
property on average does perform across the board lower than
the share market. Fine, we know that on the risk
(06:13):
reward chart. But tell me a bit more about this.
You live in Queensland and I won't you know, specify
your location or anything like that, but I think it's
good context because there's no way you could have bought
a two hundred and fifty thousand dollars townhouse in the
last twenty years in Melbourne. But tell me about did
you think that that would happen or were you just
stoked to get property or what was your strategy around that,
(06:36):
because girl, that's impressive.
Speaker 4 (06:38):
Well, initially buying the townhouse in twenty nineteen, I was
living at home with my parents and all my friends
were getting brand new cars, and I said to my
mom and dad, I was like, I need to buy
something with all this money I'm saving, Like I need
to put my money somewhere. And that was when we
started looking at properly because my parents were like, well,
you've got a car, your car savically fine and have
(07:00):
a brand new car. It was like a five thousand
dollars hold in Astra, so it wasn't anything crazy. Yeah,
And so that was where that came from. And at
the time, you couldn't have predicted the housing market would
go the way that it has. And I went in
with the idea that it was going to be an
investment property eventually, but I couldn't have ever imagined that
(07:20):
it would have increased the way that it has. And
obviously COVID has a lot to play into that as well,
so that has definitely helped the increase.
Speaker 2 (07:30):
So a bit of strategy, but then also right place,
right time, tell me why you know you're nineteen we are,
I would say, still babies at nineteen. Like, I look
back and I remember thinking, when I was nineteen, I'm
so mature, like look at me. Go And then I
look back and I go, who was that child? Like
how did she even get out of the house? But
when you were nineteen, how come you had such a
(07:53):
different money mindset to your friends who were buying new
cars and traveling and doing all of that, and you
were like, I want to do something constructive with my money.
Did you grow up with really financially literate parents or like,
how did you know to do this? Because that's not
normal in a nice way, it's perfect, Like I just
I wish I had that, but also I kind of
(08:14):
did in a way. My dad was an accountant, but
I thought I knew better than him, so I listened
to nothing that he said.
Speaker 4 (08:19):
But's fair enough, and as you do at nineteen, like
you just want to go out and live your best life.
Speaker 2 (08:23):
Yeah, I knew everything. I wish I knew what I
thought I knew at nineteen.
Speaker 4 (08:27):
Yeah, And I think that's why I really resonated with
your podcast, because I did have really like financially literate parents.
My dad said to us when we first started working
at McDonald's that we had to transfer at least half
of our pay to our savings every week, and then
he wouldn't charge like ran for board.
Speaker 2 (08:45):
Oh I love that. As long as you were saving,
he was very happy to support you exactly.
Speaker 4 (08:50):
So we would transfer money every week, and it was
in an account that was like a bonus interest type account,
and we couldn't access it without my dad coming with
us in the bank. So we would have a bank
book and we would write down every week how much
we try andsfer and watch it grow. And then when
we got our statements, you would see the interest come
through and then you go, oh, bonus. Love that, and
it teaches you you're compulsively save. And I remember my
(09:14):
dad says all the time. I remember we took you
shopping once and your mom pulls out a dress and
she goes, you should buy this dress. It's beautiful. And
I looked at the price and it was like forty
dollars and I said to my mom, Mom, that's like
five hours work for me. Absolutely not.
Speaker 2 (09:29):
You're an icon. Yeah it's true, Yeah, it's true.
Speaker 4 (09:32):
It adds up. And my dad was like, because we
were living at home, Mom and Dad would pay for
everything that we needed to get through school and all
of our essentials. But if we wanted to go out
on the weekends, we wanted to eat cake away, or
we wanted to buy clothes, that was on us. And
because we were on such a low wage, you learn
the value of money. And yeah, I'm really grateful for
that because that's the reason why I am where I
(09:54):
am today.
Speaker 2 (09:55):
I feel like that's really relatable as well, Like so
many of my friends and I and these make it's
no sense because you know, if I put myself back
into like your shoes right now, my hourly rate is
not the same like as it used to be. Like
you know, I'm a bit complex, I'm a business owner,
ebbs flows whatever. But I still have in my head
one of my first jobs that I was relatively well
(10:16):
paid in, I was earning twenty eight dollars an hour,
and for some reason, whenever I think about purchasing something,
my head goes back to that hourly rate of twenty
eight dollars an hour and ago, that's a lot of money.
If you think about it, Do I earn twenty eight
dollars an hour? No, No, I earn more than that.
That is a privilege, but like, for some reason, my
money mindset is stuck at that it's twenty eight dollars
(10:38):
and I think fifty two cents, like fifty ish cents, right,
and I just have it in my head and anything
that's like in my head, I'm like, oh my god,
brunch is like two and a half hour's worth of work.
Like that's how I see it. And it makes no sense,
but it does.
Speaker 4 (10:52):
It does, and I think it really helps you learn
the value of money and how much things cost. And
even to this day, I'll go out, we'll get a meal,
say at the pub, and I'll always go for like
the twenty dollars burger and chits as opposed to the
forty dollars steak, like and my mind just goes that way.
Speaker 2 (11:07):
And when you do that, I think it's really good
because I was. I was talking to someone the other
day and they're like, Victoria, I know that I should save.
I am very clear on that. I've listened to all
your content. But in the moment, I've got the pub
menu in front of me, and I go the twenty
dollars burger or the forty dollars steak, and I just
know that I'll love the steak more, and I go,
(11:28):
what the heck, like, I'll just buy the steak. What
about your money mindset? Do you think means that you're
very happy to lean towards the cheaper option, even if
there's maybe an option on the menu that you're like, yeah, Like,
you're right, if both of them were twenty dollars, I'd
probably pick the steak. But it's not How do you
make those decisions so consistently that are putting future you
(11:48):
first without leaning into all ways being instant gratification.
Speaker 4 (11:53):
I think having goals is the most important thing for me,
Like I talk to my partner about this quite often,
having a goal of what we're working toward, because then
when I go out for dinner, I go, Okay, yeah,
I would love the steak, but I'm going to have
the burger because then that twenty dollars that I could
have spent I'm going to put towards my future wedding,
for instance. And then I go, Okay, that's going to
(12:15):
be more worthwhile for me, and it's going to get
me closer to my goal than the steak in this moment.
Speaker 2 (12:21):
Yeah, I love that, But it's also so important to
have these conversations because I'm the same Like I used
to be the steak girly and always pick like, oh,
the most expensive thing, but now I'm like, ah, you
know it's a Wednesday. Yeah, we are out with my friends,
Like I don't need an expense. You're like, we're not
celebrating anything like pipe down Victoria. I feel like the
one thing that we struggle with is not comprehending the
(12:42):
fact that we need to save or the fact that
we should invest, especially if people are listening to this
podcast right like they're in the right place. It's the
in the moment decisions. It's the feeling like you're missing out.
It's the analysis. Paralysis is the comparison. Do you find
yourself looking at your friends who have maybe nicer cars
or bougier experiences and going, oh, I'm go anna bit envious?
(13:03):
Or are you just running your own race and you're
very cool with it.
Speaker 4 (13:05):
I think I definitely youth do back when I was
nineteen and I was saving all this money and I
felt like it wasn't going towards anything. At the time,
I definitely compared myself as you do, try and keep
up with trends and where people are at who are
similar to you and in the same stage of life.
And I definitely have friends who have like nice new
cars and they go on big holidays, and I'm going, oh,
(13:27):
I would really love that for myself. But I know
that's coming in due time, Like I know that if
I put my mind to it, I can get there too.
And I also recognize I am in a different stage
of life as other people, and I recognize that it's
all about creating wealth for my future and making sure
that I'm in the best possible position I can be.
And I really resonate with when you talk about financial
(13:50):
freedom because that's something that I really want myself as well.
Speaker 2 (13:53):
I love this tell me more about today because I
can see you nobody else can, which is an absolute
privilege money, Doris, that is a very nice engagement ring.
So where are we at with life? If I see
something sparkly like my eyes light up, I am a
dower bird at heart. So I feel like you know
from fourteen macas buying your first home, You've just bought
(14:14):
your first property. I feel like life's happening around this.
So tell me a bit more about that.
Speaker 4 (14:19):
Yes, So at nineteen years old, when I bought that
first townhouse the same year I met my current fiance.
I met him in June that year, and then I
bought the cowhouse in December, and so we don't live
in together for six months, and I said to him,
you know, would you like to move in with me?
And I knew it was very early in our relationship,
but at the time I didn't have anyone off, but
(14:41):
I really wanted to be with and or live with,
and so he said yes, and we moved in together
and we've been together ever since. We got engaged this
year in April, and he's the one who, yeah, helped
save the deposit and we bought this house that we're
living in together now.
Speaker 2 (14:57):
So I'm very, very lucky.
Speaker 4 (14:59):
He's really great, and he's really helped navigate our goals together.
We come up with the goals list together and what
we want for our future, and he's really on board
and he really like worked towards saving for the same
goals as meat, which is really great and I really
value that.
Speaker 2 (15:14):
I love that, and I love asking about people's love
lives as well. I'm like, oh, who's your partner, have
you got a partner or do you want that like,
what's going on? So tell me about today, Like, you know,
you got engaged in April twenty twenty five, which is
so exciting. What do you do for work? How much
money are you earning now?
Speaker 4 (15:29):
Yeah, so I work as a pharmacist. I'm currently earning
one hundred and fifteen thousand a year. And yeah, today
we are currently working towards going on holidays, and we
also are saving towards our wedding as well. So I'm
going Gigpan next year in March, and then we're getting
married in September twenty twenty seven, which is really exciting.
(15:52):
And we've come up with like a little savings plan
so that we can put money away every week towards
our wedding. Because I recognize that weddings are quite expensive,
but I am similar to you, Victoria, where I would
love the traditional wedding and I want to be able
to enjoy that with all of our family and friends.
Speaker 2 (16:09):
Yeah, and you have to start saving. Sorry, you just
have to, like gets so expensive and it piles up.
But I'm so glad when you said I'm getting married
September twenty twenty seven, I was like, Queen, You've got
so much time and then you Sorry, what a smart
queen as well a pharmacist at twenty five earning more
than one hundred grand. Sorry, what the heck?
Speaker 4 (16:27):
Yes, yes, I try, I try so. My pharmacy degree
is very rewarding, and I'm very lucky that I work
in an industry where I can give back to the
community and have an impact on other people's lives. And yeah,
I really love that.
Speaker 2 (16:41):
Stop it. You are an absolute angel, all right, So
tell me a bit more. You said you and your
partner have some big money goals. You've bought your property
this year. What are the other goals you're working towards?
The wedding I'm assuming is on there. Japan is probably
on there. What else have we got?
Speaker 4 (16:57):
Yeah, so I'm heading over to Japan in March. And
we have been saving since we bought this house last year.
So last year in May, when we bought this current house,
we have been putting away money for Japan every week,
and we also put the same amount of money away
of our home loan, so we make extra payment of
the loan as well, and that's the deal. We put
(17:18):
equal announce away every week, and then we eventually saved
up enough money so over the last year to go
to Japan, so we booked that so much next year,
which is kind of like our reward to say, you know,
you can have the house and you can have the built,
but you can also save for a holiday. It may
take a bit longer than you know other people, but
we are working throward that. And the last thing I
(17:38):
wanted was to go into debt for a holiday or
a wedding. So that's why we booked our wedding for
twenty twenty seven. And we've got a plan where we're
putting both putting money away every week towards that as well,
So we're kind of putting our things in all the buffets.
Speaker 2 (17:50):
At the moment, you are a woman after my own heart.
Now let me be pervy. What type of job does
your partner have and what type of income are we
playing with their?
Speaker 4 (17:58):
Yes, so he's an area sales manager. He earns ninety
thousand dollars a year. Buddy also gets the fringe benefit tax.
Oh very nice, yeah, yeah, yeah, how good.
Speaker 2 (18:10):
So between you you've got a pretty good income, like
two hundred grand plus. But at the same time, you
are children in my head, like anyone who's under thirty
instantly a child still like you're just a baby, but
you seem to have your goals very outlined. Can I
be really perfey? I love shiny things. I love a wedding.
Have you decided on your wedding budget? If so, what
(18:31):
does that kind of look like? What are we saving towards?
Speaker 4 (18:34):
Yeah, so I actually use your wedding budget tool that
you live a spreadsheet that you created.
Speaker 2 (18:40):
It's free, by the way, guys, just download on my
website Wedding budgeting spreadsheet.
Speaker 4 (18:45):
Absolutely. So I went through your wedding budget spreadsheet and
I also got quote from vendors that I thought I
might want to use, And I've got a few different
quotes and I've plunked them in there. And I'm hoping
to do my wedding for around thirty thousand dollars. I know,
so that that might be expensive to some or and
expensive to others, but that's the budget I'm currently working
(19:06):
in so by my partner, and I'm putting away one
hundred and sixty dollars late each week between now and
August next year. We will have money in there to
pay for the wedding.
Speaker 2 (19:15):
Yeah, and tell me, because like I know that everybody's
wedding budget is different, right, and like someone will be
like thirty thousand, I would never and then to be honest,
like thirty thousand for the wedding I wanted absolutely not enough.
I'm so sorry, And that's okay. What style of wedding
are we going for? Like, you know, you've obviously already
done the budget and kind of worked out on average
we need this, and I'm sure you're probably going to
(19:35):
work out a buffer and whatnot as well, But like,
what kind of wedding are we having? Are we having
five million people turn up?
Speaker 4 (19:41):
No, definitely not. We're thinking about sixty people. We actually
have our engagement party next weekend, so exciting. Yeah, so
the people who were coming to our engagement party, we're
hoping we'll still be the people that will attend our wedding.
So we're thinking about sixty people would be ideal for
our wedding.
Speaker 2 (19:59):
Yeah, and what so you want a traditional wedding, does
that involve a church or like what kind of semantics
does that involve?
Speaker 4 (20:06):
Yeah, so we're not going to have a church our wedding.
We've actually booked a venue which is on top of
the mountains, so we'll have like a mountain style wedding
with a reception hall on the same property, so I
think it's a private property, so it's at DIY type wedding.
So we bring all of our vendors to the venue,
which would be really exciting.
Speaker 2 (20:26):
Adore. That's what we did for our wedding. I mean,
not the same style, but like making sure that the
ceremony was at the same place as the reception meant
our guests didn't have to travel. But then also because
we've just booked the reception, they didn't charge us to
get married at the venue, so like that was a
bit of a money win.
Speaker 4 (20:42):
Absolutely, And this private venue they have like a huge
house that sleeps like twelve people, so we can have
all of our family and like closest to us stay,
which is really important to us because we're very close
to our family and friends. So we wanted to have
a wedding where everyone could be involved and be a
part of. Yeah, our special moment.
Speaker 2 (21:01):
That's so special. I'm so glad. I asked, all right,
let's go to a really quick break because we'll dive
back into more of the money stuff. I want to
talk about your investing strategy, more about debt and then
your best and worst money habits. So guys, if don't
go anywhere, all right, money dirist, We are back and
I want to talk investing. When it comes to property,
you're really good at that. You bought your first property
(21:23):
in twenty nineteen for two hundred and fifty thousand dollars,
and last year when you got a bank val it
was worth six hundred and fifty. Like I would love
all your tips and tricks, I just feel like that's
a really good flipping deal. Are you investing in any
other way, shape or form.
Speaker 4 (21:37):
I'm currently not investing in any other way at the moment.
I've been listening to your podcast, and I've been interested
in shares, and I'm also thinking about potentially investing in
a pharmacy. So they're all things that I'm thinking about
because we've got the equity in both property. If now
I'm going do we buy another property? Do I put
money in shares? Do I buy a business. I'm kind
(21:59):
of in a stage where I'm unsure which way is
the best to go, but I'm definitely interested in having
a potential furred investment.
Speaker 2 (22:08):
That is so exciting. Can I be real pervy to
own a pharmacy. You are a pharmacist, so that makes
sense natural extension. How does that work? Like do you
have to find the location? Do you go call up
Amcow and say, hey, I'd like a location? Like how
does buying a pharmacy work.
Speaker 4 (22:27):
I'm still in the very early days of like deciding
so as fire them aware there are your big franchises
that will offer some type of funding when you purchase
a pharmacy with them, but there are lots of legal restrictions,
particularly in Queensland. You can only have like I think
it's a maximum of six pharmacies, and you have to
(22:49):
be a certain distance apart as well, you can't be
side by side with another pharmacy retailer, so there's like
certain laws around that that it has to navigate. And
no one in my family own a kind of retail business,
so it's all very new to me. I don't know
much about it, but I'm definitely interested in having conversations
(23:11):
about business. I feel like that might be the next
set for us.
Speaker 2 (23:15):
That would be a very I'm given you're so young
that I mean, business is obviously risky, like any type
of investment, but given you have the background and maybe
you find a location that works really well for you,
Like that feels like kind of an essential service business.
Like that feels like a bit of a no brainer
in a way. If you've got the funds and access
to be able to do something like that, that's cool.
Speaker 4 (23:36):
Yeah. I feel like I'm the kind of person who
if I put my mind to something and I keep pushing,
like I can get there. I just need to believe
in myself. And I know that I'm twenty five, so
I've got some years in me where I can really
invest and put a lot of hard work into potentially
owning a pharmacy and building that business up.
Speaker 2 (23:55):
I can already say that you do the hard work girlfriend,
like I can already see this working for your personality.
That's crazy cool. I love it. So tell me about debt.
I want to dive back into this property conversation. So
you have your first investment property. You purchased it for
two hundred and fifty K. What's owing on that mortgage currently?
Speaker 4 (24:13):
Yeah? So, like I said, we had you, I drew
the equity out of that property to purchase the next property.
Did we currently owe three hundred and twenty thousand on
that property?
Speaker 2 (24:23):
Yeah? Cool? That makes a lot of sense. It's still
worth six fifty, so that's a good deal. And now
tell me about your second property. I believe you said
you purchased it for seven hundred and forty five thousand dollars.
What's the mortgage look like on that.
Speaker 4 (24:36):
We currently owe five hundred and twenty thousand, So a
year ago when we bought it we owed five sixty
but with then paying money off every week as well
as making the minimum payments. So yeah, we've paid forty
thousand dollars off in the last year, which is really nice.
Speaker 2 (24:52):
Look at you, guys, go and is property something that
you're going to continue to invest in and you're looking
at it going, oh, once we get a bit more equity,
like with another property, or is this where that business
conversation kind of comes in, because obviously you could potentially
use some of that equity to purchase a pharmacy exactly.
Speaker 4 (25:09):
So at the moment, we're not too sure. I do
love buying property, and I think it's a good investment,
and obviously we've already got one, so I kind of
know what to do and what it's about now. But
the only thing is the property market has increased so
much since the first investment. I don't know that if
I purchase again it will have as good of a
(25:31):
luck as the first fund did. So we're just kind
of pussing us at the moment. I'm in that bitter
space where we're like, we just keep paying extra money
off our mortgage. Bring that down. Hopefully the equity will
increase and then we can look at maybe a business
instead of and another investment. At the moment, no, I
love that, and that's why I was asking. But at
(25:52):
least you know what you've got your head screwed on.
You're like, I don't know if it'll worked the same
way it did in twenty nineteen. It's worth some investigating, though.
Tell me, are there any other outstanding debts that you have?
I only have a hex step.
Speaker 2 (26:05):
That is cool. How much does a pharmacy degree cost?
Speaker 4 (26:08):
Yeah, not chief. It was about forty five thousand dollars,
So I currently have a thirty seven thousand dollars hex stet.
Speaker 2 (26:14):
Hey, that's not too bad, especially with your income. That's
just going to tick away over time. And obviously your
income over time will increase as well, which is very nice.
And it could completely go off the Richter scale. If
you start becoming a business owner and that changes how fun.
Absolutely absolutely so tell me, now, do you have a
really good money habit? I feel like you've had really
(26:35):
good money habits this entire time. I'm not going to lie.
I'm looking at this being like, mate, if I was
nineteen and you were my friend, I would have been
so envious. Tell me, what do you think is your
best money habit.
Speaker 4 (26:47):
My best money habit would probably be my ability to budget.
I think that putting that money away every week is
definitely something that I'm good at, and I'm good at
holding myself accountable and making sure that I do it consistently.
So I definitely say that is my best money habit.
Speaker 2 (27:06):
What's your worst though.
Speaker 4 (27:07):
I'd say probably spending money on clothes. I do love
a good shopping hall, especially when my favorite retailers send
me a text message and say that having a flash
sale and I'm like, oh my gosh, you guys know
how to get me. So I'll probably say that's my
worst money habit where I'd buy clothes online clothes is
(27:28):
my worst. I'll buy clothes and I'll do like a
hall of clothes maybe once a while.
Speaker 2 (27:34):
Well, you can FaceTime me. I would love to see
your halls. Like, don't get me wrong, I feel like
you're still probably is that blowing the budget? Like is
that blowing it out? Or are you just like, no,
it's not, but I really shouldn't be.
Speaker 4 (27:46):
Yeah, it's not blowing the budget. But there are from
weeks where I would do a clothing buy and I'd
really cut myself fine for the week. You know, where
you leave yourself with that last five ten dollars and
you go, You're gonna have to make this look this
that you're the one that did the order.
Speaker 2 (28:01):
Yeah, you did this to you, You did this to you.
Speaker 4 (28:04):
Literally, I'm like, now I got a little bit of.
Speaker 2 (28:05):
It, so I can absolutely resonate with that. In fact,
I like still have my emergency funds and stuff. Sometimes
I'm like, oh, there's not many fun money left. Let's
just see how this week pans out. Tell me, now,
at the very start, you said, I reckon I'm a
B minus or a bee. What do you think given
(28:26):
everything you've told me, what do you think I think
A firstly? And then what do you think it would
take for you to get to being an A or
an A plus?
Speaker 4 (28:36):
You're probably thinking maybe I'm more of a minus B
plus kind of girl.
Speaker 2 (28:42):
I would say much better than that. Yes, okay, well
thank you, that's very night. But like, look what you've done,
You're still a child. Thank you.
Speaker 4 (28:53):
I would probably say maybe maybe like a B plus,
maybe a B plus.
Speaker 2 (28:59):
But what would it take to get to a plus?
Speaker 4 (29:02):
I think more knowledge. I think I need to learn
more about different perhaps of investment, which is I think
if I can learn more about where I can put
my money, I can make better choices.
Speaker 2 (29:14):
I can help you with that. We can be best
is when it comes to money.
Speaker 4 (29:17):
That's why I love your podcast. I'm a religious listener,
and I've been going back and listening to old episodes
as well, because I saw that you have your playlist
with like how I listened to the Property Playbook, and
then I listen to like how to save for Christmas
and how to save for travel now that we've got
travel coming, so I can make better choices.
Speaker 2 (29:36):
Yeah, Love, I'm so excited for you, girlfriend. I'm so
excited that you're in my community. You're twenty five, you
are absolutely smashing it. You are going to retire, so happy,
so healthy, so just everything Like I find this so inspirational,
like so many people might be like geez, Louise, I'm
twenty five, and that's just not possible for me. And
the reality is it is like you just have to
(29:57):
pull your finger out and do some work. Start small,
and we're not talking about buying our first home for
a million dollars like you purchase first for two hundred
and fifty thousand. And don't get me wrong, I don't
know a lot of properties nowadays that are two hundred
and fifty thousand. But it's not like opportunities like that
don't exist, but they are only going to become opportunities
(30:19):
you could engage in if you have the savings and
you have the discipline and you've been working towards it.
I think that getting off track these days is so
easy because you just go I'm disheartened, I can't be bothered.
Why would I even start saving? But like from little things,
big things grow money direst you are a perfect example
of that.
Speaker 4 (30:36):
Like how good.
Speaker 2 (30:37):
I'm just I'm so excited I get to share this
with my community. Thank you, thank you so much.
Speaker 4 (30:42):
And I have friends who are in situations where they're
saving for houses and they're struggling because the housing market
is so bulletowed and women and prices are so expensive
compared to what they were. So I definitely recognize that
I got very lucky at the time that I purchase
the townhouse. But I do hope that people can listen
(31:04):
to this and potentially feel inspired that you can do
it on your own. Like I was just nineteen and that,
like I, all I did was consistently saved, and I
just had to keep putting that money away. And at
the time that was maybe one hundred dollars or two
hundred dollars a week, but like you said, it grew
into thirty thousand dollars, which was a lot for me
at the time, and I was like, oh my gosh,
(31:26):
I need to put this money into something so that
I can actually see my money is going somewhere. And
then yeah, from little things, big things grow. And I
just hope that maybe someone out there who thinks it's
too hard can listen and be like, actually, all I
need to do is just start somewhere.
Speaker 2 (31:44):
Just start one hundred percent. You have to start with
the foundations, because yes, property might become a part of
the strategy, or the share market might be or there
might be other opportunities, but if you don't create the base,
and you don't have the foundations, and you don't have
savings and you don't have an emergency fund, the opportunity
aren't coming because even if they come, you can't seize them,
you can't do them. So it's just it's something that
(32:06):
I'm obviously wildly passionate about and have been talking about
it since twenty nineteen actually, so we're right on par together.
But I'm just so excited that stories like this are
coming out of my community, and you're so happy to
share so that other people can learn. You're an icon.
Speaker 4 (32:20):
Thank you, Thank you, And I recognize that my parents
taught me very similarly to how you speak with the community,
and that's why I was like, I really would love
the opportunity to come on here, because I feel like
more people need to hear about the way the budget
and the way to save. And I was very lucky
with the upbringing that I had, but I recognize it
and that a lot of people had that.
Speaker 2 (32:41):
No they didn't, but they can create it resources like
Shees on the Money, and there are a million different
other pieces of content out there. You could engage in. Yes,
if you had parents, you were more privileged one hundred percent.
But a lot of privileged people do not make the
most of the situations that they were in, are in
far worse positions than you would expect of them, just
(33:01):
because we don't know what we don't know, and we
maybe don't seize opportunities in the ways that we could.
And I think that, whilst yes, it is so beautiful
that you're like, yeah, I want to acknowledge my privilege here.
I love that, I really really do, I also want
to acknowledge that it wasn't just privilege that got you there.
It was hard work and you had to do that
because you could have just been like, it's pretty easy
living at home. Hey, I'm going to spend all my
(33:23):
money on clothes and shoes and makeup and I want
a new cup. Those are easy decisions to make. But
a lot of what has happened in your life is
not due to luck, My love, it is. Yes, we
started ahead of the race, that's fantastic, but you still
had to do the race.
Speaker 4 (33:37):
Yeah that's true, that's true.
Speaker 2 (33:39):
Well I'll let you go, but thank you so much.
This has been an absolute pleasure.
Speaker 4 (33:43):
Thank you so much for having me. I really appreciate it.
Speaker 5 (33:52):
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 it exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 2 (34:05):
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Speaker 5 (34:07):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 2 (34:11):
Advice tailored towards your needs.
Speaker 5 (34:13):
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(00:20):
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(00:40):
bringing you the tools, knowledge and resources for you to thrive.
Speaker 2 (00:44):
She's on the Money.
Speaker 3 (00:46):
She's on the Money.
Speaker 2 (01:07):
Hello, and welcome to She's on the Money, the podcast
that lets you be pervy about other people's money habits
for educational purposes, of course. Welcome back to another one
of our money daries where we get to talk with
one of our incredible She's on the Money community members
all about their journey. Let's jump straight into it. Because
this week I got an email and it sounded exactly
like this, dear, she's on the money. I got my
(01:30):
first job at fourteen at McDonald's, and I've been working
and saving ever since. At nineteen, I bought my first
townhouse while studying at UNI and trying to make a
mortgage work on a part time income. A few years later,
my partner moved in and started paying rent, and that
was the beginning of us building something bigger together. We've
since bought a home of our own, and that first
(01:51):
property is now an investment. I'm obsessed with your podcast.
I listened to every single episode. I would absolutely love
to share my story as a single young girl who
started working at macis who now has a portfolio of
one point five million dollars at the age of twenty five.
I'm so passionate about budgeting and money management. Let's chat money, diarist.
(02:14):
So you're like a millionaire that you're like twenty five,
isn't that crazy? All right? So tell me a little
bit more about your money story. Let's go back to
you being fourteen and your first job being macs.
Speaker 4 (02:23):
Hey. So my money story probably started yet when I
was fourteen, I was working part at McDonald's. My parents
were very much into my sister and I starting work
as soon as we become fourteen. So we worked at
McDonald's and I was earning eight dollars an hour at
the time that would have felt like a lot. It
was a lot, and I love the extra money that
(02:44):
I was bringing in as well that I could spend.
So I was on eight dollars an hour. I was
working most weekends and night after school as well, and
I gradually worked my way up through McDonald to become
a manager. By the ten I was seventeen. Oh okay, cool, Yeah,
it was really exciting. So drew McDonald's. I was able
to save up enough money to buy my first car,
(03:05):
and then from there I was able to also save
my deposits for my first townhouse that I bought in
two thousand and nineteen.
Speaker 2 (03:13):
How much did you save for that? Because that's crazy,
like going from you know, fourteen, earning eight dollars an hour,
obviously working up like earning some more. But there are
so many people and I mean, this wasn't that long ago, guys, like,
you know, she's twenty five. This is not like, you know,
thirty years ago. You know, you bought your first home
and we go, oh, great, like bit unrelatable. I feel
(03:34):
like during this period of time you would have been
seeing friends and family and stuff, still saying like, oh,
the property market's really hard to get into. How much
did you save? Like I'm jumping ahead, but like, girl,
this is impressive as all. Heck.
Speaker 4 (03:46):
Yeah, so I saved thirty thousand dollars because the cownhouse
was only two hundred and fifty thousand dollars that I
paid for it. Yeah, so they had it advertised for
two hundred and seventy five thousand, but because I was
part time, I was at university, I was obviously female,
so they were like, oh, you could only borrow, like
to purchase up to two hundred and fifty thousand, to
(04:08):
borrow two hundred and twenty thousand. Yeah, that's where that
came from. And I put my offer in. The owner
at the time was desperate to sell. He was an investor.
He wanted to buy all the property, so he was like,
you're the only person interested, I'll just sell it to you.
So that was really really good for me money when
wikake that, and then I spent the next five years
(04:28):
living in that property. And studying at university. And then
once I graduated university, I saved up some money with
my partner and we moved into our next house that
we bought, which was last year in May, for seven
hundred and forty five thousand.
Speaker 2 (04:45):
Oh my goodness.
Speaker 4 (04:47):
Yeah, we wanted a bit of house with some land,
so he saved up a deposit because he was paying
me rent at the time. We were living in the townhouse,
and so he saved the deposit and I drew the
equity from my account and we bought this house I'm
currently living in now.
Speaker 2 (05:03):
Oh my god, So tell me you bought that townhouse.
And I know I'm jumping ahead to the like you know,
investments and debts and stuff like I know people are
thinking it right now, and we're real pervy. You bought
for about two fifty K. What was the equity when
it came to purchasing your like family home, I suppose
with your partner.
Speaker 4 (05:20):
Yeah, so I ended up drawing out one hundred and
ten thousand dollars in equity. To give a little bit
of perspective. Obviously, the property market has increased since then,
so it's currently worth six hundred and fifty thousand sorry.
Speaker 2 (05:33):
What you bought for two fifty and it's worth six
point fifty.
Speaker 4 (05:37):
Yes, yes, And the property valuation. A year ago when
I would buying this current house I'm living in, it
was valued at five hundred thousand, but today it is
valued at six hundred and fifty thousand, So another money win.
Speaker 2 (05:52):
So when we're offline, you just give me all your
property tips and tricks like I would put my money
in there. Absolutely, like you are getting way better return
burns than anything you could in the share market right now.
And that's not to say that property is a better investment, Guys,
do not take what I'm saying as that. But like
property on average does perform across the board lower than
the share market. Fine, we know that on the risk
(06:13):
reward chart. But tell me a bit more about this.
You live in Queensland and I won't you know, specify
your location or anything like that, but I think it's
good context because there's no way you could have bought
a two hundred and fifty thousand dollars townhouse in the
last twenty years in Melbourne. But tell me about did
you think that that would happen or were you just
stoked to get property or what was your strategy around that,
(06:36):
because girl, that's impressive.
Speaker 4 (06:38):
Well, initially buying the townhouse in twenty nineteen, I was
living at home with my parents and all my friends
were getting brand new cars, and I said to my
mom and dad, I was like, I need to buy
something with all this money I'm saving, Like I need
to put my money somewhere. And that was when we
started looking at properly because my parents were like, well,
you've got a car, your car savically fine and have
(07:00):
a brand new car. It was like a five thousand
dollars hold in Astra, so it wasn't anything crazy. Yeah,
And so that was where that came from. And at
the time, you couldn't have predicted the housing market would
go the way that it has. And I went in
with the idea that it was going to be an
investment property eventually, but I couldn't have ever imagined that
(07:20):
it would have increased the way that it has. And
obviously COVID has a lot to play into that as well,
so that has definitely helped the increase.
Speaker 2 (07:30):
So a bit of strategy, but then also right place,
right time, tell me why you know you're nineteen we are,
I would say, still babies at nineteen. Like, I look
back and I remember thinking, when I was nineteen, I'm
so mature, like look at me. Go And then I
look back and I go, who was that child? Like
how did she even get out of the house? But
when you were nineteen, how come you had such a
(07:53):
different money mindset to your friends who were buying new
cars and traveling and doing all of that, and you
were like, I want to do something constructive with my money.
Did you grow up with really financially literate parents or like,
how did you know to do this? Because that's not
normal in a nice way, it's perfect, Like I just
I wish I had that, but also I kind of
(08:14):
did in a way. My dad was an accountant, but
I thought I knew better than him, so I listened
to nothing that he said.
Speaker 4 (08:19):
But's fair enough, and as you do at nineteen, like
you just want to go out and live your best life.
Speaker 2 (08:23):
Yeah, I knew everything. I wish I knew what I
thought I knew at nineteen.
Speaker 4 (08:27):
Yeah, And I think that's why I really resonated with
your podcast, because I did have really like financially literate parents.
My dad said to us when we first started working
at McDonald's that we had to transfer at least half
of our pay to our savings every week, and then
he wouldn't charge like ran for board.
Speaker 2 (08:45):
Oh I love that. As long as you were saving,
he was very happy to support you exactly.
Speaker 4 (08:50):
So we would transfer money every week, and it was
in an account that was like a bonus interest type account,
and we couldn't access it without my dad coming with
us in the bank. So we would have a bank
book and we would write down every week how much
we try andsfer and watch it grow. And then when
we got our statements, you would see the interest come
through and then you go, oh, bonus. Love that, and
it teaches you you're compulsively save. And I remember my
(09:14):
dad says all the time. I remember we took you
shopping once and your mom pulls out a dress and
she goes, you should buy this dress. It's beautiful. And
I looked at the price and it was like forty
dollars and I said to my mom, Mom, that's like
five hours work for me. Absolutely not.
Speaker 2 (09:29):
You're an icon. Yeah it's true, Yeah, it's true.
Speaker 4 (09:32):
It adds up. And my dad was like, because we
were living at home, Mom and Dad would pay for
everything that we needed to get through school and all
of our essentials. But if we wanted to go out
on the weekends, we wanted to eat cake away, or
we wanted to buy clothes, that was on us. And
because we were on such a low wage, you learn
the value of money. And yeah, I'm really grateful for
that because that's the reason why I am where I
(09:54):
am today.
Speaker 2 (09:55):
I feel like that's really relatable as well, Like so
many of my friends and I and these make it's
no sense because you know, if I put myself back
into like your shoes right now, my hourly rate is
not the same like as it used to be. Like
you know, I'm a bit complex, I'm a business owner,
ebbs flows whatever. But I still have in my head
one of my first jobs that I was relatively well
(10:16):
paid in, I was earning twenty eight dollars an hour,
and for some reason, whenever I think about purchasing something,
my head goes back to that hourly rate of twenty
eight dollars an hour and ago, that's a lot of money.
If you think about it, Do I earn twenty eight
dollars an hour? No, No, I earn more than that.
That is a privilege, but like, for some reason, my
money mindset is stuck at that it's twenty eight dollars
(10:38):
and I think fifty two cents, like fifty ish cents, right,
and I just have it in my head and anything
that's like in my head, I'm like, oh my god,
brunch is like two and a half hour's worth of work.
Like that's how I see it. And it makes no sense,
but it does.
Speaker 4 (10:52):
It does, and I think it really helps you learn
the value of money and how much things cost. And
even to this day, I'll go out, we'll get a meal,
say at the pub, and I'll always go for like
the twenty dollars burger and chits as opposed to the
forty dollars steak, like and my mind just goes that way.
Speaker 2 (11:07):
And when you do that, I think it's really good
because I was. I was talking to someone the other
day and they're like, Victoria, I know that I should save.
I am very clear on that. I've listened to all
your content. But in the moment, I've got the pub
menu in front of me, and I go the twenty
dollars burger or the forty dollars steak, and I just
know that I'll love the steak more, and I go,
(11:28):
what the heck, like, I'll just buy the steak. What
about your money mindset? Do you think means that you're
very happy to lean towards the cheaper option, even if
there's maybe an option on the menu that you're like, yeah, Like,
you're right, if both of them were twenty dollars, I'd
probably pick the steak. But it's not How do you
make those decisions so consistently that are putting future you
(11:48):
first without leaning into all ways being instant gratification.
Speaker 4 (11:53):
I think having goals is the most important thing for me,
Like I talk to my partner about this quite often,
having a goal of what we're working toward, because then
when I go out for dinner, I go, Okay, yeah,
I would love the steak, but I'm going to have
the burger because then that twenty dollars that I could
have spent I'm going to put towards my future wedding,
for instance. And then I go, Okay, that's going to
(12:15):
be more worthwhile for me, and it's going to get
me closer to my goal than the steak in this moment.
Speaker 2 (12:21):
Yeah, I love that, But it's also so important to
have these conversations because I'm the same Like I used
to be the steak girly and always pick like, oh,
the most expensive thing, but now I'm like, ah, you
know it's a Wednesday. Yeah, we are out with my friends,
Like I don't need an expense. You're like, we're not
celebrating anything like pipe down Victoria. I feel like the
one thing that we struggle with is not comprehending the
(12:42):
fact that we need to save or the fact that
we should invest, especially if people are listening to this
podcast right like they're in the right place. It's the
in the moment decisions. It's the feeling like you're missing out.
It's the analysis. Paralysis is the comparison. Do you find
yourself looking at your friends who have maybe nicer cars
or bougier experiences and going, oh, I'm go anna bit envious?
(13:03):
Or are you just running your own race and you're
very cool with it.
Speaker 4 (13:05):
I think I definitely youth do back when I was
nineteen and I was saving all this money and I
felt like it wasn't going towards anything. At the time,
I definitely compared myself as you do, try and keep
up with trends and where people are at who are
similar to you and in the same stage of life.
And I definitely have friends who have like nice new
cars and they go on big holidays, and I'm going, oh,
(13:27):
I would really love that for myself. But I know
that's coming in due time, Like I know that if
I put my mind to it, I can get there too.
And I also recognize I am in a different stage
of life as other people, and I recognize that it's
all about creating wealth for my future and making sure
that I'm in the best possible position I can be.
And I really resonate with when you talk about financial
(13:50):
freedom because that's something that I really want myself as well.
Speaker 2 (13:53):
I love this tell me more about today because I
can see you nobody else can, which is an absolute
privilege money, Doris, that is a very nice engagement ring.
So where are we at with life? If I see
something sparkly like my eyes light up, I am a
dower bird at heart. So I feel like you know
from fourteen macas buying your first home, You've just bought
(14:14):
your first property. I feel like life's happening around this.
So tell me a bit more about that.
Speaker 4 (14:19):
Yes, So at nineteen years old, when I bought that
first townhouse the same year I met my current fiance.
I met him in June that year, and then I
bought the cowhouse in December, and so we don't live
in together for six months, and I said to him,
you know, would you like to move in with me?
And I knew it was very early in our relationship,
but at the time I didn't have anyone off, but
(14:41):
I really wanted to be with and or live with,
and so he said yes, and we moved in together
and we've been together ever since. We got engaged this
year in April, and he's the one who, yeah, helped
save the deposit and we bought this house that we're
living in together now.
Speaker 2 (14:57):
So I'm very, very lucky.
Speaker 4 (14:59):
He's really great, and he's really helped navigate our goals together.
We come up with the goals list together and what
we want for our future, and he's really on board
and he really like worked towards saving for the same
goals as meat, which is really great and I really
value that.
Speaker 2 (15:14):
I love that, and I love asking about people's love
lives as well. I'm like, oh, who's your partner, have
you got a partner or do you want that like,
what's going on? So tell me about today, Like, you know,
you got engaged in April twenty twenty five, which is
so exciting. What do you do for work? How much
money are you earning now?
Speaker 4 (15:29):
Yeah, so I work as a pharmacist. I'm currently earning
one hundred and fifteen thousand a year. And yeah, today
we are currently working towards going on holidays, and we
also are saving towards our wedding as well. So I'm
going Gigpan next year in March, and then we're getting
married in September twenty twenty seven, which is really exciting.
(15:52):
And we've come up with like a little savings plan
so that we can put money away every week towards
our wedding. Because I recognize that weddings are quite expensive,
but I am similar to you, Victoria, where I would
love the traditional wedding and I want to be able
to enjoy that with all of our family and friends.
Speaker 2 (16:09):
Yeah, and you have to start saving. Sorry, you just
have to, like gets so expensive and it piles up.
But I'm so glad when you said I'm getting married
September twenty twenty seven, I was like, Queen, You've got
so much time and then you Sorry, what a smart
queen as well a pharmacist at twenty five earning more
than one hundred grand. Sorry, what the heck?
Speaker 4 (16:27):
Yes, yes, I try, I try so. My pharmacy degree
is very rewarding, and I'm very lucky that I work
in an industry where I can give back to the
community and have an impact on other people's lives. And yeah,
I really love that.
Speaker 2 (16:41):
Stop it. You are an absolute angel, all right, So
tell me a bit more. You said you and your
partner have some big money goals. You've bought your property
this year. What are the other goals you're working towards?
The wedding I'm assuming is on there. Japan is probably
on there. What else have we got?
Speaker 4 (16:57):
Yeah, so I'm heading over to Japan in March. And
we have been saving since we bought this house last year.
So last year in May, when we bought this current house,
we have been putting away money for Japan every week,
and we also put the same amount of money away
of our home loan, so we make extra payment of
the loan as well, and that's the deal. We put
(17:18):
equal announce away every week, and then we eventually saved
up enough money so over the last year to go
to Japan, so we booked that so much next year,
which is kind of like our reward to say, you know,
you can have the house and you can have the built,
but you can also save for a holiday. It may
take a bit longer than you know other people, but
we are working throward that. And the last thing I
(17:38):
wanted was to go into debt for a holiday or
a wedding. So that's why we booked our wedding for
twenty twenty seven. And we've got a plan where we're
putting both putting money away every week towards that as well,
So we're kind of putting our things in all the buffets.
Speaker 2 (17:50):
At the moment, you are a woman after my own heart.
Now let me be pervy. What type of job does
your partner have and what type of income are we
playing with their?
Speaker 4 (17:58):
Yes, so he's an area sales manager. He earns ninety
thousand dollars a year. Buddy also gets the fringe benefit tax.
Oh very nice, yeah, yeah, yeah, how good.
Speaker 2 (18:10):
So between you you've got a pretty good income, like
two hundred grand plus. But at the same time, you
are children in my head, like anyone who's under thirty
instantly a child still like you're just a baby, but
you seem to have your goals very outlined. Can I
be really perfey? I love shiny things. I love a wedding.
Have you decided on your wedding budget? If so, what
(18:31):
does that kind of look like? What are we saving towards?
Speaker 4 (18:34):
Yeah, so I actually use your wedding budget tool that
you live a spreadsheet that you created.
Speaker 2 (18:40):
It's free, by the way, guys, just download on my
website Wedding budgeting spreadsheet.
Speaker 4 (18:45):
Absolutely. So I went through your wedding budget spreadsheet and
I also got quote from vendors that I thought I
might want to use, And I've got a few different
quotes and I've plunked them in there. And I'm hoping
to do my wedding for around thirty thousand dollars. I know,
so that that might be expensive to some or and
expensive to others, but that's the budget I'm currently working
(19:06):
in so by my partner, and I'm putting away one
hundred and sixty dollars late each week between now and
August next year. We will have money in there to
pay for the wedding.
Speaker 2 (19:15):
Yeah, and tell me, because like I know that everybody's
wedding budget is different, right, and like someone will be
like thirty thousand, I would never and then to be honest,
like thirty thousand for the wedding I wanted absolutely not enough.
I'm so sorry, And that's okay. What style of wedding
are we going for? Like, you know, you've obviously already
done the budget and kind of worked out on average
we need this, and I'm sure you're probably going to
(19:35):
work out a buffer and whatnot as well, But like,
what kind of wedding are we having? Are we having
five million people turn up?
Speaker 4 (19:41):
No, definitely not. We're thinking about sixty people. We actually
have our engagement party next weekend, so exciting. Yeah, so
the people who were coming to our engagement party, we're
hoping we'll still be the people that will attend our wedding.
So we're thinking about sixty people would be ideal for
our wedding.
Speaker 2 (19:59):
Yeah, and what so you want a traditional wedding, does
that involve a church or like what kind of semantics
does that involve?
Speaker 4 (20:06):
Yeah, so we're not going to have a church our wedding.
We've actually booked a venue which is on top of
the mountains, so we'll have like a mountain style wedding
with a reception hall on the same property, so I
think it's a private property, so it's at DIY type wedding.
So we bring all of our vendors to the venue,
which would be really exciting.
Speaker 2 (20:26):
Adore. That's what we did for our wedding. I mean,
not the same style, but like making sure that the
ceremony was at the same place as the reception meant
our guests didn't have to travel. But then also because
we've just booked the reception, they didn't charge us to
get married at the venue, so like that was a
bit of a money win.
Speaker 4 (20:42):
Absolutely, And this private venue they have like a huge
house that sleeps like twelve people, so we can have
all of our family and like closest to us stay,
which is really important to us because we're very close
to our family and friends. So we wanted to have
a wedding where everyone could be involved and be a
part of. Yeah, our special moment.
Speaker 2 (21:01):
That's so special. I'm so glad. I asked, all right,
let's go to a really quick break because we'll dive
back into more of the money stuff. I want to
talk about your investing strategy, more about debt and then
your best and worst money habits. So guys, if don't
go anywhere, all right, money dirist, We are back and
I want to talk investing. When it comes to property,
you're really good at that. You bought your first property
(21:23):
in twenty nineteen for two hundred and fifty thousand dollars,
and last year when you got a bank val it
was worth six hundred and fifty. Like I would love
all your tips and tricks, I just feel like that's
a really good flipping deal. Are you investing in any
other way, shape or form.
Speaker 4 (21:37):
I'm currently not investing in any other way at the moment.
I've been listening to your podcast, and I've been interested
in shares, and I'm also thinking about potentially investing in
a pharmacy. So they're all things that I'm thinking about
because we've got the equity in both property. If now
I'm going do we buy another property? Do I put
money in shares? Do I buy a business. I'm kind
(21:59):
of in a stage where I'm unsure which way is
the best to go, but I'm definitely interested in having
a potential furred investment.
Speaker 2 (22:08):
That is so exciting. Can I be real pervy to
own a pharmacy. You are a pharmacist, so that makes
sense natural extension. How does that work? Like do you
have to find the location? Do you go call up
Amcow and say, hey, I'd like a location? Like how
does buying a pharmacy work.
Speaker 4 (22:27):
I'm still in the very early days of like deciding
so as fire them aware there are your big franchises
that will offer some type of funding when you purchase
a pharmacy with them, but there are lots of legal restrictions,
particularly in Queensland. You can only have like I think
it's a maximum of six pharmacies, and you have to
(22:49):
be a certain distance apart as well, you can't be
side by side with another pharmacy retailer, so there's like
certain laws around that that it has to navigate. And
no one in my family own a kind of retail business,
so it's all very new to me. I don't know
much about it, but I'm definitely interested in having conversations
(23:11):
about business. I feel like that might be the next
set for us.
Speaker 2 (23:15):
That would be a very I'm given you're so young
that I mean, business is obviously risky, like any type
of investment, but given you have the background and maybe
you find a location that works really well for you,
Like that feels like kind of an essential service business.
Like that feels like a bit of a no brainer
in a way. If you've got the funds and access
to be able to do something like that, that's cool.
Speaker 4 (23:36):
Yeah. I feel like I'm the kind of person who
if I put my mind to something and I keep pushing,
like I can get there. I just need to believe
in myself. And I know that I'm twenty five, so
I've got some years in me where I can really
invest and put a lot of hard work into potentially
owning a pharmacy and building that business up.
Speaker 2 (23:55):
I can already say that you do the hard work girlfriend,
like I can already see this working for your personality.
That's crazy cool. I love it. So tell me about debt.
I want to dive back into this property conversation. So
you have your first investment property. You purchased it for
two hundred and fifty K. What's owing on that mortgage currently?
Speaker 4 (24:13):
Yeah? So, like I said, we had you, I drew
the equity out of that property to purchase the next property.
Did we currently owe three hundred and twenty thousand on
that property?
Speaker 2 (24:23):
Yeah? Cool? That makes a lot of sense. It's still
worth six fifty, so that's a good deal. And now
tell me about your second property. I believe you said
you purchased it for seven hundred and forty five thousand dollars.
What's the mortgage look like on that.
Speaker 4 (24:36):
We currently owe five hundred and twenty thousand, So a
year ago when we bought it we owed five sixty
but with then paying money off every week as well
as making the minimum payments. So yeah, we've paid forty
thousand dollars off in the last year, which is really nice.
Speaker 2 (24:52):
Look at you, guys, go and is property something that
you're going to continue to invest in and you're looking
at it going, oh, once we get a bit more equity,
like with another property, or is this where that business
conversation kind of comes in, because obviously you could potentially
use some of that equity to purchase a pharmacy exactly.
Speaker 4 (25:09):
So at the moment, we're not too sure. I do
love buying property, and I think it's a good investment,
and obviously we've already got one, so I kind of
know what to do and what it's about now. But
the only thing is the property market has increased so
much since the first investment. I don't know that if
I purchase again it will have as good of a
(25:31):
luck as the first fund did. So we're just kind
of pussing us at the moment. I'm in that bitter
space where we're like, we just keep paying extra money
off our mortgage. Bring that down. Hopefully the equity will
increase and then we can look at maybe a business
instead of and another investment. At the moment, no, I
love that, and that's why I was asking. But at
(25:52):
least you know what you've got your head screwed on.
You're like, I don't know if it'll worked the same
way it did in twenty nineteen. It's worth some investigating, though.
Tell me, are there any other outstanding debts that you have?
I only have a hex step.
Speaker 2 (26:05):
That is cool. How much does a pharmacy degree cost?
Speaker 4 (26:08):
Yeah, not chief. It was about forty five thousand dollars,
So I currently have a thirty seven thousand dollars hex stet.
Speaker 2 (26:14):
Hey, that's not too bad, especially with your income. That's
just going to tick away over time. And obviously your
income over time will increase as well, which is very nice.
And it could completely go off the Richter scale. If
you start becoming a business owner and that changes how fun.
Absolutely absolutely so tell me, now, do you have a
really good money habit? I feel like you've had really
(26:35):
good money habits this entire time. I'm not going to lie.
I'm looking at this being like, mate, if I was
nineteen and you were my friend, I would have been
so envious. Tell me, what do you think is your
best money habit.
Speaker 4 (26:47):
My best money habit would probably be my ability to budget.
I think that putting that money away every week is
definitely something that I'm good at, and I'm good at
holding myself accountable and making sure that I do it consistently.
So I definitely say that is my best money habit.
Speaker 2 (27:06):
What's your worst though.
Speaker 4 (27:07):
I'd say probably spending money on clothes. I do love
a good shopping hall, especially when my favorite retailers send
me a text message and say that having a flash
sale and I'm like, oh my gosh, you guys know
how to get me. So I'll probably say that's my
worst money habit where I'd buy clothes online clothes is
(27:28):
my worst. I'll buy clothes and I'll do like a
hall of clothes maybe once a while.
Speaker 2 (27:34):
Well, you can FaceTime me. I would love to see
your halls. Like, don't get me wrong, I feel like
you're still probably is that blowing the budget? Like is
that blowing it out? Or are you just like, no,
it's not, but I really shouldn't be.
Speaker 4 (27:46):
Yeah, it's not blowing the budget. But there are from
weeks where I would do a clothing buy and I'd
really cut myself fine for the week. You know, where
you leave yourself with that last five ten dollars and
you go, You're gonna have to make this look this
that you're the one that did the order.
Speaker 2 (28:01):
Yeah, you did this to you, You did this to you.
Speaker 4 (28:04):
Literally, I'm like, now I got a little bit of.
Speaker 2 (28:05):
It, so I can absolutely resonate with that. In fact,
I like still have my emergency funds and stuff. Sometimes
I'm like, oh, there's not many fun money left. Let's
just see how this week pans out. Tell me, now,
at the very start, you said, I reckon I'm a
B minus or a bee. What do you think given
(28:26):
everything you've told me, what do you think I think
A firstly? And then what do you think it would
take for you to get to being an A or
an A plus?
Speaker 4 (28:36):
You're probably thinking maybe I'm more of a minus B
plus kind of girl.
Speaker 2 (28:42):
I would say much better than that. Yes, okay, well
thank you, that's very night. But like, look what you've done,
You're still a child. Thank you.
Speaker 4 (28:53):
I would probably say maybe maybe like a B plus,
maybe a B plus.
Speaker 2 (28:59):
But what would it take to get to a plus?
Speaker 4 (29:02):
I think more knowledge. I think I need to learn
more about different perhaps of investment, which is I think
if I can learn more about where I can put
my money, I can make better choices.
Speaker 2 (29:14):
I can help you with that. We can be best
is when it comes to money.
Speaker 4 (29:17):
That's why I love your podcast. I'm a religious listener,
and I've been going back and listening to old episodes
as well, because I saw that you have your playlist
with like how I listened to the Property Playbook, and
then I listen to like how to save for Christmas
and how to save for travel now that we've got
travel coming, so I can make better choices.
Speaker 2 (29:36):
Yeah, Love, I'm so excited for you, girlfriend. I'm so
excited that you're in my community. You're twenty five, you
are absolutely smashing it. You are going to retire, so happy,
so healthy, so just everything Like I find this so inspirational,
like so many people might be like geez, Louise, I'm
twenty five, and that's just not possible for me. And
the reality is it is like you just have to
(29:57):
pull your finger out and do some work. Start small,
and we're not talking about buying our first home for
a million dollars like you purchase first for two hundred
and fifty thousand. And don't get me wrong, I don't
know a lot of properties nowadays that are two hundred
and fifty thousand. But it's not like opportunities like that
don't exist, but they are only going to become opportunities
(30:19):
you could engage in if you have the savings and
you have the discipline and you've been working towards it.
I think that getting off track these days is so
easy because you just go I'm disheartened, I can't be bothered.
Why would I even start saving? But like from little things,
big things grow money direst you are a perfect example
of that.
Speaker 4 (30:36):
Like how good.
Speaker 2 (30:37):
I'm just I'm so excited I get to share this
with my community. Thank you, thank you so much.
Speaker 4 (30:42):
And I have friends who are in situations where they're
saving for houses and they're struggling because the housing market
is so bulletowed and women and prices are so expensive
compared to what they were. So I definitely recognize that
I got very lucky at the time that I purchase
the townhouse. But I do hope that people can listen
(31:04):
to this and potentially feel inspired that you can do
it on your own. Like I was just nineteen and that,
like I, all I did was consistently saved, and I
just had to keep putting that money away. And at
the time that was maybe one hundred dollars or two
hundred dollars a week, but like you said, it grew
into thirty thousand dollars, which was a lot for me
at the time, and I was like, oh my gosh,
(31:26):
I need to put this money into something so that
I can actually see my money is going somewhere. And
then yeah, from little things, big things grow. And I
just hope that maybe someone out there who thinks it's
too hard can listen and be like, actually, all I
need to do is just start somewhere.
Speaker 2 (31:44):
Just start one hundred percent. You have to start with
the foundations, because yes, property might become a part of
the strategy, or the share market might be or there
might be other opportunities, but if you don't create the base,
and you don't have the foundations, and you don't have
savings and you don't have an emergency fund, the opportunity
aren't coming because even if they come, you can't seize them,
you can't do them. So it's just it's something that
(32:06):
I'm obviously wildly passionate about and have been talking about
it since twenty nineteen actually, so we're right on par together.
But I'm just so excited that stories like this are
coming out of my community, and you're so happy to
share so that other people can learn. You're an icon.
Speaker 4 (32:20):
Thank you, Thank you, And I recognize that my parents
taught me very similarly to how you speak with the community,
and that's why I was like, I really would love
the opportunity to come on here, because I feel like
more people need to hear about the way the budget
and the way to save. And I was very lucky
with the upbringing that I had, but I recognize it
and that a lot of people had that.
Speaker 2 (32:41):
No they didn't, but they can create it resources like
Shees on the Money, and there are a million different
other pieces of content out there. You could engage in. Yes,
if you had parents, you were more privileged one hundred percent.
But a lot of privileged people do not make the
most of the situations that they were in, are in
far worse positions than you would expect of them, just
(33:01):
because we don't know what we don't know, and we
maybe don't seize opportunities in the ways that we could.
And I think that, whilst yes, it is so beautiful
that you're like, yeah, I want to acknowledge my privilege here.
I love that, I really really do, I also want
to acknowledge that it wasn't just privilege that got you there.
It was hard work and you had to do that
because you could have just been like, it's pretty easy
living at home. Hey, I'm going to spend all my
(33:23):
money on clothes and shoes and makeup and I want
a new cup. Those are easy decisions to make. But
a lot of what has happened in your life is
not due to luck, My love, it is. Yes, we
started ahead of the race, that's fantastic, but you still
had to do the race.
Speaker 4 (33:37):
Yeah that's true, that's true.
Speaker 2 (33:39):
Well I'll let you go, but thank you so much.
This has been an absolute pleasure.
Speaker 4 (33:43):
Thank you so much for having me. I really appreciate it.
Speaker 5 (33:52):
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 it exists purely for educational purposes and
should not be relied upon to make an investment or
financial decision.
Speaker 2 (34:05):
If you do choose to buy a financial.
Speaker 5 (34:07):
Product, read the PDS TMD and obtain appropriate financial.
Speaker 2 (34:11):
Advice tailored towards your needs.
Speaker 5 (34:13):
Victoria Divine and Sheese on the Money are authorized representatives
of Money Sherper Pty Ltd a BN three two one
IS six four nine two seven seven zero eight AFSL
four five one two eight nine
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