In this episode, we sit down with Victoria Devine - powerhouse financial adviser, founder of Zella Wealth, and host of She’s on the Money Podcast.
Victoria opens up about how being a shopaholic put her on the path to becoming one of Australia's most successful financial advisors and how the She's on The Money Podcast began. She also offers great advice for single women trying to make ends meet and trying to set yourself up for the future.
Follow us on Facebook "Life As We Know It Podcast"
and Instagram @LifeAsWeKnowIt.Podcast @tonitenaglia @lisacameroncoaching
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:09):
Every day brings a new story. Life isn't perfect, but
it's perfectly ours. With raw conversations, inspiring stories and laugh
until you cry moments we hit them. I unpack it
all and figure it out together, one episode at a time.
This is Life as we know It, Unfiltered with Tony
Tanalia and Lisa Cameron.
Speaker 2 (00:31):
This is episode two with our special guest, Victoria Devine.
She's the creator of a personal finance platform for millennial
women and host of the award winning podcast She's on
the Money. If you haven't heard our previous episode with Victoria,
we would love for you to find the time to
do so. In the meantime, enjoy this episode. So, Victoria,
you were saying that the reason you got into finance
obviously was that you were shop aholic.
Speaker 3 (00:53):
I was so good at it, like, oh, who's the game?
Speaker 2 (00:56):
So what what was that light bulb moment that made
did you go okay, got it obviously, got to do
something about this, but made you get into finance after
having been doing psychology for so long.
Speaker 4 (01:08):
I think I think it's delusion. But the moment was
it was a culmination of moments, right, Like it wasn't
just like one thing that I was like, Oh, this
is the light bulb moment, this is my pivotal chance
to change my life. No one has those, sadly, but
it was. I still have the number in my head.
It was eight hundred and eighty three dollars each and
every single month that I had to pay on this
(01:28):
debt that I had created for myself, and that was
basically my entire surplus income. And that was crippling. Like
I was up at night, I couldn't sleep, I was
so anxious, and I'd think about it all the time.
And that was just the minimum repayment, Like that was
not actually.
Speaker 2 (01:44):
Getting when you're paying it off. Yep.
Speaker 4 (01:46):
No, And so I think it was about I went
on this journey of trying to find out how I
could get out of debt. Met a financial advisor. He
was really rude, told me that I was a crappy
client because you know, I'd gone to see him and
he thought maybe i'd be an investor. No, sir, I
need help getting out of debt and you didn't want me. Great.
That was really bad. But at the time I was
working in organizational psychology and culture and engagement and I
(02:09):
was secondered to a financial advisor's business. I was so
interested in what they were doing. Like at the heart
of it, I'm a stat scale I love a spreadsheet.
Speaker 5 (02:20):
Like I love a spreadsheet.
Speaker 4 (02:23):
I got a mug similar to this for my wedding
with a spreadsheet picture on it that said freak in
the Sheets, and it was my favorite wedding.
Speaker 3 (02:31):
I love it And it was a lot.
Speaker 4 (02:36):
But I think with culture and engagement, I was in
it because I loved having a positive impact, right. I
liked going into organizations and helping people change and being
more productive. And a lot of this org sych stuff
is the science of people at work and helping the
c suite and leadership go from, like you know, one
level to the next. And like I adored that. And
then I realized that finance was doing basically the same
(02:58):
thing but for my friends and could do the same
thing for me. And you know what, it was more measurable.
There was more numbers, there was more data, there was
more spreadsheets. I could like literally predict where I could
put you in ten years, twenty thirty, Like that was
so cool, and if you followed my my plan, it
was actually a guarantee that that would happen. As opposed
to like culture and engagement. So, yeah, you did your
(03:19):
engagement survey and you're feeling good. Can we do it
again next year and we'll measure it and we'll say
that that's data, but like it's fluff data because if
your boss was mean to you that morning, I'm giving
them about engagement school, Like do you know what I mean?
It wasn't actually that legitimate. And I always had an
issue with statistical significance and what anyway, So this finance
thing was tangible. But I hadn't ever really thought about
(03:42):
personal finance. I ever thought about wealth creation. And when
I realized the power that was behind that, I was
not only getting myself out of debt, but I was annoying.
I was relentless to my friends, Brunch, I makes so superannuation,
so you want a.
Speaker 3 (03:58):
Budget I do for you.
Speaker 4 (04:00):
I was annoying and that's I guess where I probably
should change careers, hey, And so I did, and it
was a slow transition over and then yeah, became a
financial advisor. I retired from that in twenty twenty two
and went full blown in my mortgage broking business and
now just do that and the podcast which are two
(04:21):
slash three businesses now, but financial advice was just a
bit much right at that point, bitten off more than
I could chew managing those all those businesses. So I
had to step back a little bit.
Speaker 2 (04:32):
And so then what made you decide to do the
podcast again?
Speaker 3 (04:35):
Delusion?
Speaker 4 (04:37):
So I actually started, like I started financial advice and
the business I went into originally, Like, my first official
financial advice role was in the ultra high network space,
so I was working with people who had a minimum
of ten million dollars investable, so unrelated, so I.
Speaker 2 (04:56):
Only dream about ten billion dollars.
Speaker 4 (04:58):
But like, it taught me so much of out who
I never wanted to be. Ye, Like, yep, what do
you mean? Like I'm seeing? I remember there was this
pivotal moment, you know. I was sitting at a boardroom
table and it was a bloody mahogany boardroom table. If
you were in my shoes, you'd look up and there
was like a three meter by two meter oil painting
(05:19):
of a naked woman riding a horse.
Speaker 3 (05:21):
Oh my god, that's right.
Speaker 4 (05:22):
Mahogany table, and this family is sitting around this table.
I can show you a picture of that painting after,
because there's one on my phone, and this family was
sitting around arguing billion dollar family by the way, arguing
over the fact that the kids were getting like trust
income distributed to them, no questions asked, each and every
(05:44):
single year, hundreds of thousands of dollars these kids were
blowing through. And they were pissed off at their grandpa
because in the family constitution that they had, because this
old money, wow, they had to come to Christmas every
second year, otherwise they wouldn't get.
Speaker 3 (05:57):
Thee oh my god, they were.
Speaker 4 (06:02):
Right. Imagine having that as a problem, okay, but imagine
having to keep a straight face in that meeting. And
at this point in time, I'm a baby financial advisor.
I wasn't advising them on my own. I'm with the
like senior financial advisor. I'm earning fifty K and these guys,
you're my age. You're getting four hundred thousand dollars into
your account every year and you won't even go to
(06:22):
Christmas because like you want to go to like the
Greek Islands with your friends in rampas so unreasonable about entitlement,
but like it was so unrelatable and told me and
I'm so grateful for it, because like if you go
to me, now, do you want to be a billionaire?
Absolutely not. That amount of money does no good for people,
Like there is a certain amount of money that you
(06:42):
know you can have and you can like buy nice
things and do nice things. That amount of money comes
with so much responsibility and I want it, Like, I
don't want that. I don't It's just not for me.
And that's so fine. But that was not who I
wanted to be surrounding myself with. I was grateful for
the experience I was learning to herbo charging my financial
advice career, because I wasn't just getting exposure to like, oh,
(07:04):
this is how you construct an investment portfolio, Like I
was dealing with portfolios that, you know, we had BHP
shares in their portfolios, and I would spend days pouring
over these portfolios because those shares had been bought in
British sterling and I needed to work out what the
capital gains tax on those were. Like that was insane, yeah,
(07:25):
and did not engage me.
Speaker 2 (07:27):
I was gonna say, so, did you sit there thinking, Wow,
this is great, Oh my god, get me out of here.
Speaker 5 (07:31):
No.
Speaker 4 (07:31):
I wanted to kind of get out, but at the
same time knew I wanted to do financial advice, but
knew I wanted to do it for women, and so
I was like, what if I did lunch and learns.
I could do this during the day and then like
I could pop into like war firms and like you know,
businesses and like talk to women. So I started doing
these lunch and learns for women called Cheese on the Money,
and then I started a Facebook group so that everyone
(07:52):
that came to my lunch and lens we could stay
friends and you could ask me any questions. I don't
have these conversations. And I used to like do these
big posts and be like, guys, here's like a superactivity.
I was so lame, Like I laughed, but like I
was so lame because I adored what I did, but
I knew that it was taboo and no one really
wanted to engage. So I made this fake profile shout
(08:13):
out Lily, and I would comment on my own posts,
oh I love it. Yeah, And I did that, and
I continued to do that for a while because once
there was one comment, other people would comment yep. And
that's what kind of started smart the them is strategy, right, Yeah,
it's all you make it, baby, So yeah, shout out
to Lily who never actually existed, sorry guys, and that helped.
(08:37):
But then I remember hitting seventeen hundred people in that
Facebook group and going, well, what do you guys want
from me? Like, this is the most amount of people
in the entire universe, right, And they said video, Absolutely,
we not get in the bin. That's not happening. You
can have a twelve episode podcast. Yeah, And so I
just recorded twelve episodes. I like outsourced it, got another
like company to like produce it for me because I
(08:59):
was like, what I want to do, but like I
don't know.
Speaker 3 (09:01):
How to record a podcast.
Speaker 4 (09:02):
Yeah, So did that and then it kind of went
gangbusters from there. I think in our first couple of
weeks we've got one hundred thousand downloads and it went insane.
Five years later, I'm still here and now I do
three episodes a week, and I don't know how I
am still walking.
Speaker 2 (09:19):
Do you do find though, because obviously the podcast has
been going for so long. Yeah, and like you just said,
then you've got three episodes a week coming out. Do
you get to the point.
Speaker 4 (09:28):
Where you run out of content?
Speaker 5 (09:30):
Yeah?
Speaker 2 (09:30):
Or you're saying the same content over again or no.
Speaker 4 (09:33):
There's just so many topics, Like you know, Mondays, we
do money dayes. So that's I would say easy in
terms of new content because I'm always finding new people
to interview in different stories from different perspectives. Wednesday is
our deep dive, and like there's always something going on
in the media or something different or a different way
of looking at it, or you know, a different topic
that people have requested. And yeah, we might have done
(09:54):
an episode on saving, like saving today is very different
to saving five years ago. Yeah, like the cost of
living has changed everything, so it kind of our content
has to keep up with that. Yeah, And like you
can listen to those old episodes, but you might.
Speaker 2 (10:08):
Go, oh, that's not gonna work for me now, it's not.
Speaker 4 (10:11):
What cost is it? So we definitely, I guess keep
it fresh with topical conversation. And then Friday is really
about celebrating our community and our Facebook group. It was
seventeen hundred people when I started. It's now three hundred thousand,
and we have a full time community manager who runs
that and like we're always updating that group, and that
(10:32):
Friday episode's really about celebrating them, their wins, their questions.
They're all of that and the juicy stuff is in
that episode. Yeah, so three episodes and then sometimes guys,
I get bored and I do a Saturday vote just
like give me the mac. I've got to talk about
this particular thing.
Speaker 2 (10:49):
I love this.
Speaker 3 (10:50):
So it's fun.
Speaker 5 (10:50):
This such a community feel to what you do.
Speaker 4 (10:54):
It's my favorite. The community are why we do what
we do. Like, it's not me, it's them. They probably
don't need me anymore, but they let me be on
the cover of things. So that's really.
Speaker 5 (11:03):
Nice because you're fun then playful.
Speaker 4 (11:05):
Let they're trying.
Speaker 5 (11:07):
But this is the thing, right, So I want to
ask you why women, Why did you have such a
big drive to help women?
Speaker 4 (11:15):
Why not? We are so underrepresented and it makes me
so angry, Like for so long, medioca middle aged white
men have like made finance feel like a space that
not only are we not welcome, but we wouldn't get it. Yes, yes,
like oh the inflation on that, the indexation of this.
Oh you don't get the volatility, sir, sit down, It
(11:39):
is no longer your turn with a microphone handed over. Yeah,
you're not even funny, like get away, like it's I
just I look at it and then their stats obviously,
like the largest demographic of people now experiencing homelessness are
women in their fifties and sixties. And you go, you're
(12:01):
telling me that I right now have an opportunity to
hopefully change that for future generations, and I'm not taking it.
Speaker 2 (12:07):
Yep.
Speaker 4 (12:07):
I can't sleep if I'm not doing that. So for me,
it was I think learning the power of financial literacy
then really learning the power of it and going, holy shit,
I could yep, I could actually impact people for good. Like,
you know, I could sit you down today and look
at your superannuation and without you even you know, lifting
a finger or spending another dollar, we could make sure
(12:28):
that it's suitable for you, and by doing that, your
hundreds of thousands of dollars better off in retirement. What
like teaching women what they deserve? Like teaching women what
they can ask for. We're about to go through and
do this divorce series actually, and it's funny still talking
about divorce of air.
Speaker 2 (12:47):
And I'm just thinking, as you're saying all of that,
I'm thinking, because when I got divorced, Yeah, Like, but.
Speaker 4 (12:52):
You just don't know what you can ask for. You
don't know what you are valued at and like, so
many people in my community are like, oh, my husband
told me I had to No, you do not, and
like how many of us like And I think that
one of the things I learned from being in that
ultra high net wealth space is there are two things
that separate the rich from the poor. One is the
(13:13):
access to good quality financial advice, like people who don't
have wealth can't afford to even get there. And the
second is the cash flow to season opportunity. So that
cash flow, you know, rich people can make a heap
of money because if they see a really good quality
business that's up for zale and they've got the cab, well,
why wouldn't you just buy it?
Speaker 2 (13:31):
Right?
Speaker 4 (13:31):
Yeah, and other people would give anything for that opportunity,
but it's never going to happen. And so like, I
am trying so hard to get those two things to
the demographic that I think deserve it more than those
entitled people sitting at that family Constitution meeting because they
didn't deserve it. Yeah, they needed to drink a cup
of concrete. And there are so many women who deserve
(13:54):
that financial literacy, So many women who write into me
and they're like, oh, Victoriam in my forties fifty sixties.
I've had people in their eighties right into me and
be like, I've been doing your tips and tricks or
a like how cool is that? That's where I want
to live. That's the impact I want to have. And
there's nothing like women coming together. When we are together,
we are powerful. And when you give women financial literacy,
(14:15):
the entire world becomes a better place. Like you teach
your kids, your kids teach their friends. Like, it's give
man financial literacy and keep the fish for himself, won't Yeah,
and then you'll take a picture of it if him
holding it, putting.
Speaker 5 (14:28):
On it, and put it on blance.
Speaker 3 (14:29):
Yeah, exactly.
Speaker 2 (14:31):
It's interesting you were saying there's a lot of women
in their fifties and sixties who are homeless, and I
wonder what percent of that to a women who have
either just got divorced.
Speaker 3 (14:39):
Yes, that's where.
Speaker 5 (14:40):
It's coming from.
Speaker 4 (14:41):
So if you look into the stats, it's women experiencing
divorce for the first time where maybe they were the
homemakers and the support person in that relationship. They are
the ones that had all of the compromises to let
somebody else's career flouration. Now they're not sure what they
have to do.
Speaker 2 (14:58):
Well, this is the thing that I worked all my
life anyway, but once I was divorced, your income halves,
but your expenses don't.
Speaker 4 (15:08):
Yeah, and that still have the shit to high. Probably
still got kids that are relying on you.
Speaker 2 (15:13):
My kids, we were living in Ireland when my marriage ended.
My youngest at that stage wasn't even one. I've got
a good relationship with my ex, so I'm lucky in
that respect that we shared custody at the kids. He
would have them three to four days, I'd have them
three to four day, and we shared everything financially. But
then I moved to Australia, he stayed in Ireland. I
was in a position where I had to pay rent self.
(15:34):
I've got the kids and one wanted to play soccer
and others blurting guitar and all that sort of stuff.
Speaker 4 (15:39):
Your entire lifestyle shifts as well. And that's like, Yeah,
you talk about this idea that you go from having
a dual income to one income, but like, your lifestyle
expectations are exactly the same. Because you've got kids, you
can't actually just readjust and be like, oh, I'm going
to be a strong independent woman. I'm just going to
peg myself back and not do these things for me.
What are you going to do? Tell your son he's
not playing soccer anymore.
Speaker 2 (16:00):
Yes, but there was a lot of things that I
had to say, no, want, you don't want to exactly right.
But I got to the point where when I came
back to Australia from Ireland, I had nothing because I'd
lost my job over there. I was living on what
I had saved. I actually then found another job which
was paying me nothing, and it was having to make
that decision do we stay here or do we go
(16:20):
back to Australia. And then the kids were the ones
that said we're going back. So the kids were happy
to move back, which wasn't what my ex wanted to hear.
So I came back and I had like I had
a choice of two jobs. Yeah you know, so I
got work.
Speaker 3 (16:30):
Yeah yeah, yeah.
Speaker 2 (16:31):
Like I said, when I came back here, I had nothing,
and my goal was I was going to buy a house.
And it took me three years to save the deposit
and I bought a house and I've got yeah, and
I did that.
Speaker 4 (16:44):
Good, Let you go.
Speaker 2 (16:46):
I've got friends who you know, not that they say
they can't believe I did it, but they were just like,
oh my.
Speaker 4 (16:52):
God, just because it is actually a really hard fee. Yeah,
Like it is not easy.
Speaker 3 (16:57):
You had kids at that time, had kids.
Speaker 2 (16:59):
I had to find the balance of Okay, I'll say, yes,
you can have an ice cream to we're out, No
you can't have a drink and something to eat, because
I didn't want them missing on everything. Yeah, And I mean,
like my ex mark was paying maintenance, so it's not
like it wasn't giving me anything.
Speaker 5 (17:13):
It's still not enough.
Speaker 4 (17:15):
It's still not enough. No, yeah, no, And that is
so common and it's so hard, and that's it's the
readjustment period. But then you're like feeling probably overwhelmed because
you know your ex is paying maintenance, and you're like,
why can't I do this on my own? Why can't
I Because you're not meant to be like And I
think that there's just this very big stigma of like
(17:37):
you wanting to be a strong independent woman who does
it all on your own, because that's great, but then
also not accepting help when you need it, and then
being embarrassed of the help when it is showing up
and you can't win, can you? Yeah?
Speaker 2 (17:48):
Exactly, and then the chaos that's going on in the
back of your mind as well, because it's like, you know,
working full time, I live in Caroline Springs, drive to Richmond,
like there's an hours, that's a lot. Yeah, my kids
were young. So my kids were five, nine and twelve thirteen. Yeah, yeah,
we move back here and the moment my mum moved
in with us. When we first moved back, mum had cancer,
(18:11):
so we had all of that that we were dealing
with as well.
Speaker 4 (18:13):
That's so much.
Speaker 2 (18:15):
Well, this is it. So it wasn't just the financial
film well some will argue that point, but you know,
like it wasn't just the financial stress that I was
dealing with. It was what was going on with my mum.
It was my kids at a young age. My daughter
was then going through depression, like there was one thing
after another, and I was just like I said, I
(18:35):
felt like I was in total chaos. So for me
to be focused on having that deposit to buy a house.
Speaker 3 (18:41):
That's what we pica.
Speaker 2 (18:43):
That was seriously keeping me saying that was I also
made sure though I mean the kids did miss out
on a lot, but I made sure there was still
things occasionally we could go to the movies. I was like,
you know what, we don't eat this week? I don't
care after the movies.
Speaker 3 (18:57):
Let's go.
Speaker 2 (18:58):
This is it.
Speaker 4 (18:58):
But it was always a compromise. Oh let's just do it.
And it's even harder now. Like I'm not saying that
it wasn't. It absolutely was, But like today, I don't
know how people.
Speaker 2 (19:08):
Do it again, having gone through it, I don't know
how they're doing it today. I've struggled. Yeah, I reskly.
Speaker 5 (19:15):
I mean, you know, I've been divorced for six years
and I'm forty seven now. When I came out of
the marriage, I had literally nothing. Yeah, I think I
had twenty four k in super and I was full
time mum for seven years and that was agreed between
me and my ex that I would be the full
time mum and he had times where we work part
time and he was home as well, and that was great.
(19:36):
But then when we got divorced, it was like fuck, Like,
you've just qualified as a lawyer and now makes three times.
Speaker 4 (19:45):
Because of the compromise you did to stay at home
to look after the kids, and that is not seen
as yes, it's not financial, but it enabled him to
upskill so much that his ability to generate income for
the rest of his life has been tobocharged, but yours
hasn't been. And the entire reason women often accept that
we love that, like I you want to be a
(20:06):
stay at home mum.
Speaker 3 (20:06):
It's like, I love that for you.
Speaker 4 (20:08):
But more often than not, you are making that decision
because it is an US decision, and you made the
decision because you're like, this is a period of our
lives and we together are going to come out of
it on the other side, and we together are going
to retire. I'm not making that decision because I'm like,
do you know what havebut I just don't work for
seven years and then at the end of that, I'm
going to try and get a job. See how fun
that is? Yeah, no one said that, Like that's not
(20:30):
what we're doing. We don't go into marriages with the
intention of like this will be real fun but short
period time. Yeah, yeah, we'll just get a divorce after right, Yeah, yeah, exactly,
Like nobody goes into that. And fifty percent of marriages
in Australia end in divorce, the other fifty percent in death.
So I'm not sure which one you want to pick,
but I think it's so important because in both of
(20:53):
those in outcomes, the death side of it, I'm a
bit morbid sometimes. My mum was a coroner, so that
shouldn't it shouldn't come as a surprise. But in that situation,
men don't live as long as women. At some point
in your life, as a female, you are going to
have to manage money on your own. You are going
to have to get your shit together. And whether it
is now or later is actually your choice. But if
(21:15):
it's now, it means that you're not doing it under dures.
You're not doing it because you were forced. You're not
doing it because fuck, you've realized that you're going to
get a divorce or shit, my husband has had something
happen and now I'm a widow. Like, you're going to
manage money at some point on your own, Let's just
get it together now when we can be in complete
control of it. Because no one plans for those things.
(21:37):
I don't want those things to happen to anybody. I'm
trying really hard, but so true.
Speaker 5 (21:42):
That's exactly where I was. I was like, I was
not expecting to get divorced. I did not expect I
thought we would be to have a family, he would
progress in his career, that's great. I was happy to
be the person that I would pick up the kids
after school because we didn't want them in childcare. That
was our decision. So that's what we did. And then surprise, surprise,
(22:03):
you know.
Speaker 3 (22:03):
It's life happened.
Speaker 5 (22:04):
Life happens, and you're like, fuck, wasn't planning for this
at all. After he moved out, I lived on my
own for two years, just in a rental with the kids,
and I did struggle.
Speaker 4 (22:14):
You know.
Speaker 5 (22:14):
I just had like a part time job working at
a health food store and everything, which was great, kept
my sanity, but you know, again it was that thing
of like where am I going to work? Like how
employable am I? I've been at home for seven years,
not just being a mum, because it's a very important job,
and I absolutely loved it.
Speaker 4 (22:33):
It's an important job. It is a beautiful job. It
is a job that you took because you didn't think
that that would be the outcome. No one takes a
job like if I put a job on the table, like,
do not get me wrong, I am obsessed with being
a mum, like and I'm so grateful to be in
the position I am in now to be able to
financially afford the lifestyle and the business and whatnot. But
(22:54):
if I said to you, do you want to take
a job for the next seven years, at the end
of it probably going to be completely unemployable, is that alright?
You'd be like, do I get so far? I'd be like, nah, nah, nah,
you don't. Isn't that funny? And you'll be like, yeah,
let's do it.
Speaker 2 (23:08):
And you may end up on your own at the
end of this as well.
Speaker 4 (23:10):
Actually you might end up completely single.
Speaker 2 (23:13):
Are you ready?
Speaker 4 (23:14):
No one's going to take that, so don't get me wrong.
The reason we do that is because of the kids,
and that is the best reason to do it. But
at the end of the day, if we looked at
the job description, we probably wouldn't take that role. But
we need to. We kind of do need to break
it up and go Okay, in any other circumstance, I
wouldn't do this, But how am I going to do that?
And this is where I am on my podcast promoting
(23:36):
please have conversations about super splitting. I want your partner
to be contributing to a superannuation while you're not working.
You know, let's if we're going to talk about divorce
like that, superanuation does become part of the conversation, you know,
talking about maintenance. We need to reframe that because a
lot of the time you think that that's because you know,
at the end of the day, I do need help
with the kids that he's kids too great, But you
(23:57):
also have less of an earning capacity he does. And
for how long is that going to continue? So we
need to be talking about all of these things and
they're not feeling bad about asking for them because you
deserve that as a bare minimum. And how many times
do we and I haven't been through a divorce thankfully,
knock on would, but like, how many times do I
(24:17):
speak to women who are like, I just feel bad
asking for sit down exactly, like, just ask because it's
actually the bare minimum. Yeah, Like you both entered this
agreement to have children together. That was a joint responsibility
and now we're not there and that's okay, but that
responsibility doesn't end. I'm not going to be able to
be a state home up. You can pay for that
rub which you can pay for me to do this.
(24:40):
You're not going to are you see.
Speaker 2 (24:42):
Like I said, though, that's what I've been very lucky
with my ex that we do have a good relationship.
And he was always good with his maintenance. In fact,
even if I said, listen, i've got the soccer fees
coming up, I can't afford him, he would tip in
to help as well. So he was always I wish
everybody had that, but like for him, his kids are
his world. Will do anything for his kids. So we're
very lucky in that respect, and it it helps. We've
(25:04):
got a good relationship early days when it first happened,
and it's so good. That's the case with any breakup.
Speaker 4 (25:12):
But I don't think I've ever met a couple even
when they say, oh, I'm really amicable, I'm like, okay,
well let's talk about the finances. How amicable we stay?
Speaker 5 (25:20):
Yeah exactly, yeah, we wouldn't. And look, I'm the same
as Tony. I mean, my two oldest live with their dad.
They just adore him and he does everything for them.
He pays for everything. I don't receive child support. Yep.
I made that decision three years ago to not take it.
And people think that I'm crazy, but it was. It
(25:44):
was almost interfering in my life, it was like I'm
paying you, what are you doing with the money? How
are you living like this?
Speaker 4 (25:53):
So and sometimes we're making decisions for our mental health,
and that's where finance becomes even more complicated, because like I,
I want you to have the bare minimum, but then
you're telling me the bare minimums interfering with my mental
health and I go, okay, cool, we actually need to
work out what your minimum is as opposed to what
everybody is. But I need you to know what you
could do, and then I want you to have the
(26:14):
ability to choose not to Yeah, what do you want
to do?
Speaker 3 (26:16):
How does that work?
Speaker 4 (26:17):
So it's stickle and it's complex, And that's where money
goes back to being inherently emotional. You cannot tell me
that it is just a tool. No, it's so true,
it really is. And you know, it was starting to
feel like a bit of a mind game, and I
was just like, do you know what the best thing.
Speaker 5 (26:33):
Is to just cut it off? Ye? You pay for
things for the kids and that's it. And that actually
improved our relationship, but it didn't necessarily improve my financial position.
I mean, it got better, but his is flourishing. Do
you know what I mean, And sometimes I'm just like.
Speaker 4 (26:51):
We've revisited that conversation about supernuation.
Speaker 5 (26:57):
Exactly. So yeah, I mean I do look at where
I am now, and I would love to know. I mean,
I can probably go through your podcasts and listen. But
you know, for women my age, what is what is
the best thing to do for my super So.
Speaker 4 (27:12):
It's going to depend on your risk profile. But if
you haven't looked at it first, we're going to log
in and we're going to work out what our super
details are. Because nine times out of ten, when I
sit down with women, I'm like, what's super details, They're like,
I don't even know.
Speaker 3 (27:23):
I'd be like, who you with I answer those question.
Speaker 4 (27:29):
She was the teacher's pet. School was no, no no.
Speaker 2 (27:31):
I said this to Lisa this morning.
Speaker 4 (27:33):
It was a chart on the wall at your school,
and you had the most starts.
Speaker 2 (27:37):
See for me, finances are important because we had money.
We weren't rich, right, but my dad had a successful
business and then overnight lost the business and we lost everything.
So this is why and this I sent you. The
text I think was this morning because I was listening
to podcasts we did with somebody else and the money
side came up and we were joking that, you know,
once we start making millions, I'm happy to look after
(27:58):
the money. Lisa can look after the fun, right, And Like,
as I'm listening to that while I'm editing it, I thought,
the reason I am like this with money is because
I've seen val. We had a great life. We were
on holidays, that sort of stuff, and then we lost everything.
We lost the house, we lost property that we had.
We moved into a factory and then we lost that
as well, and we were renting a three bedroom house.
(28:20):
I've got three brothers. One of my brothers was living
in a caravan outside the house. So I've seen that
happen and that's why for.
Speaker 4 (28:27):
Me, you're like, absolutely not. I need to be on
top of it, exactly, exactly, yeah, And I don't want
everyone to have to experience that to make it a
priority in their lives.
Speaker 2 (28:36):
Right. And maybe it was a little bit Toe just
paired at one point.
Speaker 3 (28:41):
I told you she loved a gold star. I told
you personality stuff. So when we're talking.
Speaker 4 (28:51):
About super though, I want you to log in, and
the best way that you can do that is actually
through your mygove log in because it will tell you
where your super funds are and then you can kind
of backtrack reseat passwords work it out that way. And
then once we have that, we want to use the
my supertool. So there's a my super tool from the government.
We're not using the cute one that the meercats talk
about on all the ads because that is driven by
(29:12):
advertising and not putting you in the best possible position,
So we only use the government ones. And by doing
that we can look at is our super fun performing
is it okay for us? Like what does that actually
look like? And then we're going to look at whether
we need to be making additional contributions or not. And
the best way to work out whether you should or
not is a compound interest calculator. I want you to
(29:33):
work out. And this is like a bit complex, but
there's like guides on my website, guides on my podcast,
like I can give it all to you, but like
what type of income are we trying to aim for
in retirement and then we work backwards with how much
we want in super So on average, a single female
is going to retire with about like three hundred and
fifty to four hundred thousand dollars in superannuation. But you
(29:55):
might find that that's not enough for you. And so
we need to work out what our lifestyle is, not
just what the average is, and then we can work
out are we on track? Are we not on track?
Then I want you to make use of the super
fund because you're super right, you've been paying eleven and
a half per cent of your income into this. I
can almost guarantee most of us have not been saving
that amount. That's a lot of money. It is your money,
(30:16):
it is your choice. But also you're paying fees to
that super fund. Yeah, make them give you some free advice. Dammit,
call them. They're gonna put you with a financial advisor.
They can't give you holistic advice about your whole life.
They can give you advice on your super Do I
have enough? How do I work out if I want enough?
This is what my lifestyle looks like right now? How
much do I need in superannuation to achieve that same lifestyle?
(30:39):
What does that look like? Do you think that I
should change my risk profile? They can talk to you
about all of that for free. It's not free. You
already paid the fees exactly. But and I can promise you.
These people that work at these supermunts, they do it
day in, day out. They are bloody good at it.
Speaker 3 (30:54):
Use that.
Speaker 4 (30:55):
And most of us have never called our super fund.
We can't even recall our super fund number. And for
some reason we think that that's not our money because
it's so far away. Yeah, I'm going to get it
into a sixty five. Why bobble looking after it? Why
Because it's going to be the biggest asset you retire with,
That is why.
Speaker 3 (31:09):
Yeah, yeah, yeah, And like we want to care about that.
Speaker 4 (31:11):
It is your money, is your choice, how and when
and where it's invested. Yes, you can't touch it to
your sixty five, but I promise you'll blink and then
you'll be sixty five and you'll be like, how did
this happen?
Speaker 2 (31:21):
I didn't content to this time, Joe, That's so true.
Speaker 5 (31:26):
Yeah, definitely need to. I haven't looked at it in
a while. And I did actually start salary sacrifices as
that's very sexy.
Speaker 2 (31:33):
We'd love to see it.
Speaker 5 (31:34):
So I did start do that, and that was like
a little oh my god, I'm feeling so proud about myself,
you know, is that doing it? Because I did I thought,
you know, you're.
Speaker 4 (31:41):
Putting future you and the best choices.
Speaker 5 (31:44):
And I thought, I am in my forties and I've
got this shit, super what the fuck am I going
to do? So, you know, just that little moment was
like priority, It's important, exactly.
Speaker 2 (31:56):
Okay, Let's just look in my situation where my kids
are now moving out, I've still got one at home.
I'm now focusing on savings, trying to get my house
paid off. I've got an investment property.
Speaker 3 (32:08):
Oh look at her. Go Okay, though for years.
Speaker 2 (32:12):
I wanted an investment property and then was finally in
a position where I could do it because I had
the equity in my house.
Speaker 3 (32:19):
So sexy, you know, but like just you know, you.
Speaker 2 (32:21):
Feel good about it. But like me, now I'm focused
on what I want to do is get stuff paid
off because I want to get to a point where
I want to go and live down by the beach
and just retire by the beach, do the podcast and
by the beach.
Speaker 4 (32:36):
Just you know, just know you're going to have to
travel to the beach to this is good.
Speaker 5 (32:40):
I'm happy to do a little studio down there as well, exactly, But.
Speaker 2 (32:46):
Like that's where my head's at now. I mean, I
would love to win the lotto because then I can go.
I know it's never going to happen. If there's other
women in the same situation as me, they've got that
stuff sorted. Like, what is another thing we can do
to when an income that is going to work faster
for us?
Speaker 4 (33:04):
I would be looking at investing outside of superannuation because unfortunately,
old age is a privilege that is denied to many
of us. And I think that that's why a lot
of us just don't prioritize SUPER because we're like it's
for when we're older, and like who even knows? We
need to enjoy the journey. Like, could you be investing
outside of super to create an asset that would give
you a little bit of financial freedom beforehand? Like what
(33:24):
if you get to fifty five and you go, I
would really like to just do a part time job. Yeah,
and you could because your investment is giving you a
little passive income. Property is a nice one, but there's
also a heap of other things you could be doing
along the journey of just getting some cash in the door.
So like could you pick up like a side job
or a part time job. I think a lot of
(33:45):
us are always looking for the golden ticket of like,
is there a way I can you know, make this
passive income? And everyone on Instagram is going to try
and sell you a passive income scam, and it is
just that it is a scam. But like I see
a lot of people in my community who are in
that demographic. Like, actually, I get on air Tusker and
I just do a couple of small tasks on a
(34:05):
weekend and I get like an extra tour, fifty bucks.
Speaker 2 (34:08):
For a soccer club, right fix and everything.
Speaker 3 (34:11):
How good is that?
Speaker 4 (34:12):
And we're just finding things along the way. And you
don't have to be the best in the entire world
at it, But like, are there things that you could
pick up as like little side hustles. It doesn't have
to be a full blown job. Like a side hustle
isn't starting a full you know. And I always use
the example of like a candle business. It's not like
starting a candle business, marketing, you know, making a product,
(34:32):
doing all this that's a lot. They're just like a
little hustle you can do on the site. What could
you do that could add some extra income? It ultimately
makes you feel more.
Speaker 5 (34:41):
Comfortable she's got an idea.
Speaker 4 (34:43):
What is that?
Speaker 2 (34:43):
Which one is it?
Speaker 5 (34:44):
Mugs with your feet?
Speaker 3 (34:49):
I've already had that idea.
Speaker 2 (34:51):
Count feet yep, yep, you and.
Speaker 4 (34:53):
Me together, you said you do social media, you take
your photos.
Speaker 3 (34:56):
I'll be the talent yep.
Speaker 4 (35:00):
Mine, and then just for like fifty fifty, we don't
want that's what we do and we won't even need management.
Speaker 3 (35:04):
Then it will just be that's it.
Speaker 4 (35:07):
Say less, say less. Do you know I used to
have a client when I was a financial advisor who
made for hundred and fifty thousand dollars a year doing that.
Speaker 2 (35:14):
This is what I'm hearing, and this is why I'm
I'm gonna I'm gonna do it now. I'm back at
this for Jake. I'm gonna open up an only fans
account and I joking about it.
Speaker 4 (35:22):
You let me know if you need financial advice on that.
Literally no judgment here. I was like, babe, that's elite.
Tell me more. Like.
Speaker 3 (35:28):
We spent one.
Speaker 4 (35:28):
Financial advice meeting literally going through her only fans of
her feet photos and she's like, oh, this one was
so funny.
Speaker 3 (35:34):
Look at this.
Speaker 5 (35:35):
Hell, it's insane. We have got to do this. I
actually had to support were client, and he was like,
you know, you could read like dirty stories on fans
and get great and I'm like.
Speaker 4 (35:46):
You have a great voice. Actually we could absolutely do
that actually.
Speaker 3 (35:50):
And then say less to.
Speaker 2 (35:54):
My feet the photos of my feet and you read
it less to my feet, say less, no.
Speaker 4 (36:01):
Judge, maybe you let me know if you need help
setting these things up. We're doing it for.
Speaker 2 (36:05):
The community, yes, and our bank balance, yeah, but we're.
Speaker 4 (36:09):
Doing it so that they know anything's possible. So we
want to inspice what's without feet stories?
Speaker 5 (36:16):
Would we be reading about feet? And I met up
at the shop.
Speaker 4 (36:20):
I don't know if you know this, but like by
now you should. Men are simple creatures that the whole
story they just need.
Speaker 5 (36:28):
Okay, good, we've got a side hustle sworded.
Speaker 4 (36:31):
Yeah, but we can we can actually pick up things
along the way that help us financially that aren't getting
a full blown additional weekend job, that are actually on
our terms, like as twenty twenty five, we can just
jump online, you could. You know, I've got a couple
of people in my community who do delivery driving or
like one of my community members is on air tasker
and she got this like a little side hustle of
(36:52):
doing ironing, and so she'd go and pick up a
basket of broning. She should do it for like forty
bucks or whatever. Yeah, and then she was really good
at it, so that woman referred her to her friends,
and now she has this whole little crew that'll pay
her in cash. She's make it like a thousand dollars
a week just doing everybody's irony. And I was like,
I could not think of anything worse ironing. It's like Victoria,
(37:12):
I love it. She's like, I'll watch all of my TVs,
like I set up in irony one of my TV.
She's like, there's no one home. I just iron all day.
And I'm like, I'm glad you found something you love.
Speaker 3 (37:24):
I really am. But that sounds like some sick hell.
Speaker 4 (37:28):
She's like, I make a thousand bucks a week cash.
She's like, and I'm about to like this this great.
I could do this forever, and.
Speaker 3 (37:33):
I'm like, pop off, queen.
Speaker 4 (37:35):
But like, you can find so many and there's lots
of things you could do. And I think it's just
about thinking outside the box and not just assuming that
that's where it ends. Like pick it up, have a go.
If you don't like it, you don't have to do
it again. And I think that it's about just giving
it a shot. So I think so many times we go, oh,
if I do that, that's a massive commitment. And it's
every weekend. And I don't know, babe, no one said
(37:56):
everything about everything, like yeah, we didn't say every weekend.
We just said give it a try.
Speaker 2 (38:00):
That's it.
Speaker 4 (38:00):
You might hate it and if you do, find something else,
or you might fall in love with ironing.
Speaker 2 (38:05):
Thank you so much for joining us, Thanks you for having.
Speaker 4 (38:07):
Me, Thank you for my mug, my new favorite mug
right and she's on the money next week.
Speaker 2 (38:14):
And if you don't know, anybody wants to buy one,
just send them away. You charge them with thirty bucks
now gone up, gone up from twenty to thirty.
Speaker 4 (38:20):
Yeah, I reckon it's been added value.
Speaker 5 (38:22):
Signs the professional artist done that artwork for.
Speaker 4 (38:25):
Us, and I think I could be a good sales
representative for this product.
Speaker 2 (38:30):
Fantastic. We love that a multi.
Speaker 4 (38:33):
Level marketing model under this, the more mug you I
make exactly.
Speaker 5 (38:39):
She's always got ideas. But thank you for just all
the valuable information that you've shared and hanging out just
for your humor as well. You are just so.
Speaker 4 (38:48):
That's very kind. If you ask my mum and my
sister and my dad and my husband any.
Speaker 5 (38:52):
No, no, you are And I think that's you know,
why so many people are drawn to you is because
you make something that's serious and fun and playful and
to look hard.
Speaker 4 (39:04):
It really doesn't, but it feels it because I think
once we acknowledge that money is inherently emotional, we then go,
you're right, it is. What can I do about this?
Speaker 3 (39:13):
And as opposed to.
Speaker 2 (39:16):
Yeah, and that's not fair yeaheah, that's not fair.
Speaker 4 (39:19):
So so thanks for having me.
Speaker 2 (39:20):
Thank you.
Speaker 4 (39:21):
I'm so excited about this mudge.
Speaker 1 (39:25):
You've been listening to Life as we Know It Unfiltered
with Tony Tanalia and Lisa Cameron. If you like this episode,
please leave us a review or drop a comment on
our socials. We love hearing from you. You can also
come hang out with us on Instagram at Life as
we Know It dot podcast and on Facebook at Life
as we Know It. Oh and please see that follow
button on your favorite podcast app. If you're not following
(39:47):
us yet, catch up with you in our next episode.
Every day brings a new story. Life isn't perfect, but
it's perfectly ours. With raw conversations, inspiring stories and laugh
until you cry moments we hit them. I unpack it
all and figure it out together, one episode at a time.
This is Life as we know It, Unfiltered with Tony
Tanalia and Lisa Cameron.
Speaker 2 (00:31):
This is episode two with our special guest, Victoria Devine.
She's the creator of a personal finance platform for millennial
women and host of the award winning podcast She's on
the Money. If you haven't heard our previous episode with Victoria,
we would love for you to find the time to
do so. In the meantime, enjoy this episode. So, Victoria,
you were saying that the reason you got into finance
obviously was that you were shop aholic.
Speaker 3 (00:53):
I was so good at it, like, oh, who's the game?
Speaker 2 (00:56):
So what what was that light bulb moment that made
did you go okay, got it obviously, got to do
something about this, but made you get into finance after
having been doing psychology for so long.
Speaker 4 (01:08):
I think I think it's delusion. But the moment was
it was a culmination of moments, right, Like it wasn't
just like one thing that I was like, Oh, this
is the light bulb moment, this is my pivotal chance
to change my life. No one has those, sadly, but
it was. I still have the number in my head.
It was eight hundred and eighty three dollars each and
every single month that I had to pay on this
(01:28):
debt that I had created for myself, and that was
basically my entire surplus income. And that was crippling. Like
I was up at night, I couldn't sleep, I was
so anxious, and I'd think about it all the time.
And that was just the minimum repayment, Like that was
not actually.
Speaker 2 (01:44):
Getting when you're paying it off. Yep.
Speaker 4 (01:46):
No, And so I think it was about I went
on this journey of trying to find out how I
could get out of debt. Met a financial advisor. He
was really rude, told me that I was a crappy
client because you know, I'd gone to see him and
he thought maybe i'd be an investor. No, sir, I
need help getting out of debt and you didn't want me. Great.
That was really bad. But at the time I was
working in organizational psychology and culture and engagement and I
(02:09):
was secondered to a financial advisor's business. I was so
interested in what they were doing. Like at the heart
of it, I'm a stat scale I love a spreadsheet.
Speaker 5 (02:20):
Like I love a spreadsheet.
Speaker 4 (02:23):
I got a mug similar to this for my wedding
with a spreadsheet picture on it that said freak in
the Sheets, and it was my favorite wedding.
Speaker 3 (02:31):
I love it And it was a lot.
Speaker 4 (02:36):
But I think with culture and engagement, I was in
it because I loved having a positive impact, right. I
liked going into organizations and helping people change and being
more productive. And a lot of this org sych stuff
is the science of people at work and helping the
c suite and leadership go from, like you know, one
level to the next. And like I adored that. And
then I realized that finance was doing basically the same
(02:58):
thing but for my friends and could do the same
thing for me. And you know what, it was more measurable.
There was more numbers, there was more data, there was
more spreadsheets. I could like literally predict where I could
put you in ten years, twenty thirty, Like that was
so cool, and if you followed my my plan, it
was actually a guarantee that that would happen. As opposed
to like culture and engagement. So, yeah, you did your
(03:19):
engagement survey and you're feeling good. Can we do it
again next year and we'll measure it and we'll say
that that's data, but like it's fluff data because if
your boss was mean to you that morning, I'm giving
them about engagement school, Like do you know what I mean?
It wasn't actually that legitimate. And I always had an
issue with statistical significance and what anyway, So this finance
thing was tangible. But I hadn't ever really thought about
(03:42):
personal finance. I ever thought about wealth creation. And when
I realized the power that was behind that, I was
not only getting myself out of debt, but I was annoying.
I was relentless to my friends, Brunch, I makes so superannuation,
so you want a.
Speaker 3 (03:58):
Budget I do for you.
Speaker 4 (04:00):
I was annoying and that's I guess where I probably
should change careers, hey, And so I did, and it
was a slow transition over and then yeah, became a
financial advisor. I retired from that in twenty twenty two
and went full blown in my mortgage broking business and
now just do that and the podcast which are two
(04:21):
slash three businesses now, but financial advice was just a
bit much right at that point, bitten off more than
I could chew managing those all those businesses. So I
had to step back a little bit.
Speaker 2 (04:32):
And so then what made you decide to do the
podcast again?
Speaker 3 (04:35):
Delusion?
Speaker 4 (04:37):
So I actually started, like I started financial advice and
the business I went into originally, Like, my first official
financial advice role was in the ultra high network space,
so I was working with people who had a minimum
of ten million dollars investable, so unrelated, so I.
Speaker 2 (04:56):
Only dream about ten billion dollars.
Speaker 4 (04:58):
But like, it taught me so much of out who
I never wanted to be. Ye, Like, yep, what do
you mean? Like I'm seeing? I remember there was this
pivotal moment, you know. I was sitting at a boardroom
table and it was a bloody mahogany boardroom table. If
you were in my shoes, you'd look up and there
was like a three meter by two meter oil painting
(05:19):
of a naked woman riding a horse.
Speaker 3 (05:21):
Oh my god, that's right.
Speaker 4 (05:22):
Mahogany table, and this family is sitting around this table.
I can show you a picture of that painting after,
because there's one on my phone, and this family was
sitting around arguing billion dollar family by the way, arguing
over the fact that the kids were getting like trust
income distributed to them, no questions asked, each and every
(05:44):
single year, hundreds of thousands of dollars these kids were
blowing through. And they were pissed off at their grandpa
because in the family constitution that they had, because this
old money, wow, they had to come to Christmas every
second year, otherwise they wouldn't get.
Speaker 3 (05:57):
Thee oh my god, they were.
Speaker 4 (06:02):
Right. Imagine having that as a problem, okay, but imagine
having to keep a straight face in that meeting. And
at this point in time, I'm a baby financial advisor.
I wasn't advising them on my own. I'm with the
like senior financial advisor. I'm earning fifty K and these guys,
you're my age. You're getting four hundred thousand dollars into
your account every year and you won't even go to
(06:22):
Christmas because like you want to go to like the
Greek Islands with your friends in rampas so unreasonable about entitlement,
but like it was so unrelatable and told me and
I'm so grateful for it, because like if you go
to me, now, do you want to be a billionaire?
Absolutely not. That amount of money does no good for people,
Like there is a certain amount of money that you
(06:42):
know you can have and you can like buy nice
things and do nice things. That amount of money comes
with so much responsibility and I want it, Like, I
don't want that. I don't It's just not for me.
And that's so fine. But that was not who I
wanted to be surrounding myself with. I was grateful for
the experience I was learning to herbo charging my financial
advice career, because I wasn't just getting exposure to like, oh,
(07:04):
this is how you construct an investment portfolio, Like I
was dealing with portfolios that, you know, we had BHP
shares in their portfolios, and I would spend days pouring
over these portfolios because those shares had been bought in
British sterling and I needed to work out what the
capital gains tax on those were. Like that was insane, yeah,
(07:25):
and did not engage me.
Speaker 2 (07:27):
I was gonna say, so, did you sit there thinking, Wow,
this is great, Oh my god, get me out of here.
Speaker 5 (07:31):
No.
Speaker 4 (07:31):
I wanted to kind of get out, but at the
same time knew I wanted to do financial advice, but
knew I wanted to do it for women, and so
I was like, what if I did lunch and learns.
I could do this during the day and then like
I could pop into like war firms and like you know,
businesses and like talk to women. So I started doing
these lunch and learns for women called Cheese on the Money,
and then I started a Facebook group so that everyone
(07:52):
that came to my lunch and lens we could stay
friends and you could ask me any questions. I don't
have these conversations. And I used to like do these
big posts and be like, guys, here's like a superactivity.
I was so lame, Like I laughed, but like I
was so lame because I adored what I did, but
I knew that it was taboo and no one really
wanted to engage. So I made this fake profile shout
(08:13):
out Lily, and I would comment on my own posts,
oh I love it. Yeah, And I did that, and
I continued to do that for a while because once
there was one comment, other people would comment yep. And
that's what kind of started smart the them is strategy, right, Yeah,
it's all you make it, baby, So yeah, shout out
to Lily who never actually existed, sorry guys, and that helped.
(08:37):
But then I remember hitting seventeen hundred people in that
Facebook group and going, well, what do you guys want
from me? Like, this is the most amount of people
in the entire universe, right, And they said video, Absolutely,
we not get in the bin. That's not happening. You
can have a twelve episode podcast. Yeah, And so I
just recorded twelve episodes. I like outsourced it, got another
like company to like produce it for me because I
(08:59):
was like, what I want to do, but like I
don't know.
Speaker 3 (09:01):
How to record a podcast.
Speaker 4 (09:02):
Yeah, So did that and then it kind of went
gangbusters from there. I think in our first couple of
weeks we've got one hundred thousand downloads and it went insane.
Five years later, I'm still here and now I do
three episodes a week, and I don't know how I
am still walking.
Speaker 2 (09:19):
Do you do find though, because obviously the podcast has
been going for so long. Yeah, and like you just said,
then you've got three episodes a week coming out. Do
you get to the point.
Speaker 4 (09:28):
Where you run out of content?
Speaker 5 (09:30):
Yeah?
Speaker 2 (09:30):
Or you're saying the same content over again or no.
Speaker 4 (09:33):
There's just so many topics, Like you know, Mondays, we
do money dayes. So that's I would say easy in
terms of new content because I'm always finding new people
to interview in different stories from different perspectives. Wednesday is
our deep dive, and like there's always something going on
in the media or something different or a different way
of looking at it, or you know, a different topic
that people have requested. And yeah, we might have done
(09:54):
an episode on saving, like saving today is very different
to saving five years ago. Yeah, like the cost of
living has changed everything, so it kind of our content
has to keep up with that. Yeah, And like you
can listen to those old episodes, but you might.
Speaker 2 (10:08):
Go, oh, that's not gonna work for me now, it's not.
Speaker 4 (10:11):
What cost is it? So we definitely, I guess keep
it fresh with topical conversation. And then Friday is really
about celebrating our community and our Facebook group. It was
seventeen hundred people when I started. It's now three hundred thousand,
and we have a full time community manager who runs
that and like we're always updating that group, and that
(10:32):
Friday episode's really about celebrating them, their wins, their questions.
They're all of that and the juicy stuff is in
that episode. Yeah, so three episodes and then sometimes guys,
I get bored and I do a Saturday vote just
like give me the mac. I've got to talk about
this particular thing.
Speaker 2 (10:49):
I love this.
Speaker 3 (10:50):
So it's fun.
Speaker 5 (10:50):
This such a community feel to what you do.
Speaker 4 (10:54):
It's my favorite. The community are why we do what
we do. Like, it's not me, it's them. They probably
don't need me anymore, but they let me be on
the cover of things. So that's really.
Speaker 5 (11:03):
Nice because you're fun then playful.
Speaker 4 (11:05):
Let they're trying.
Speaker 5 (11:07):
But this is the thing, right, So I want to
ask you why women, Why did you have such a
big drive to help women?
Speaker 4 (11:15):
Why not? We are so underrepresented and it makes me
so angry, Like for so long, medioca middle aged white
men have like made finance feel like a space that
not only are we not welcome, but we wouldn't get it. Yes, yes,
like oh the inflation on that, the indexation of this.
Oh you don't get the volatility, sir, sit down, It
(11:39):
is no longer your turn with a microphone handed over. Yeah,
you're not even funny, like get away, like it's I
just I look at it and then their stats obviously,
like the largest demographic of people now experiencing homelessness are
women in their fifties and sixties. And you go, you're
(12:01):
telling me that I right now have an opportunity to
hopefully change that for future generations, and I'm not taking it.
Speaker 2 (12:07):
Yep.
Speaker 4 (12:07):
I can't sleep if I'm not doing that. So for me,
it was I think learning the power of financial literacy
then really learning the power of it and going, holy shit,
I could yep, I could actually impact people for good. Like,
you know, I could sit you down today and look
at your superannuation and without you even you know, lifting
a finger or spending another dollar, we could make sure
(12:28):
that it's suitable for you, and by doing that, your
hundreds of thousands of dollars better off in retirement. What
like teaching women what they deserve? Like teaching women what
they can ask for. We're about to go through and
do this divorce series actually, and it's funny still talking
about divorce of air.
Speaker 2 (12:47):
And I'm just thinking, as you're saying all of that,
I'm thinking, because when I got divorced, Yeah, Like, but.
Speaker 4 (12:52):
You just don't know what you can ask for. You
don't know what you are valued at and like, so
many people in my community are like, oh, my husband
told me I had to No, you do not, and
like how many of us like And I think that
one of the things I learned from being in that
ultra high net wealth space is there are two things
that separate the rich from the poor. One is the
(13:13):
access to good quality financial advice, like people who don't
have wealth can't afford to even get there. And the
second is the cash flow to season opportunity. So that
cash flow, you know, rich people can make a heap
of money because if they see a really good quality
business that's up for zale and they've got the cab, well,
why wouldn't you just buy it?
Speaker 2 (13:31):
Right?
Speaker 4 (13:31):
Yeah, and other people would give anything for that opportunity,
but it's never going to happen. And so like, I
am trying so hard to get those two things to
the demographic that I think deserve it more than those
entitled people sitting at that family Constitution meeting because they
didn't deserve it. Yeah, they needed to drink a cup
of concrete. And there are so many women who deserve
(13:54):
that financial literacy, So many women who write into me
and they're like, oh, Victoriam in my forties fifty sixties.
I've had people in their eighties right into me and
be like, I've been doing your tips and tricks or
a like how cool is that? That's where I want
to live. That's the impact I want to have. And
there's nothing like women coming together. When we are together,
we are powerful. And when you give women financial literacy,
(14:15):
the entire world becomes a better place. Like you teach
your kids, your kids teach their friends. Like, it's give
man financial literacy and keep the fish for himself, won't Yeah,
and then you'll take a picture of it if him
holding it, putting.
Speaker 5 (14:28):
On it, and put it on blance.
Speaker 3 (14:29):
Yeah, exactly.
Speaker 2 (14:31):
It's interesting you were saying there's a lot of women
in their fifties and sixties who are homeless, and I
wonder what percent of that to a women who have
either just got divorced.
Speaker 3 (14:39):
Yes, that's where.
Speaker 5 (14:40):
It's coming from.
Speaker 4 (14:41):
So if you look into the stats, it's women experiencing
divorce for the first time where maybe they were the
homemakers and the support person in that relationship. They are
the ones that had all of the compromises to let
somebody else's career flouration. Now they're not sure what they
have to do.
Speaker 2 (14:58):
Well, this is the thing that I worked all my
life anyway, but once I was divorced, your income halves,
but your expenses don't.
Speaker 4 (15:08):
Yeah, and that still have the shit to high. Probably
still got kids that are relying on you.
Speaker 2 (15:13):
My kids, we were living in Ireland when my marriage ended.
My youngest at that stage wasn't even one. I've got
a good relationship with my ex, so I'm lucky in
that respect that we shared custody at the kids. He
would have them three to four days, I'd have them
three to four day, and we shared everything financially. But
then I moved to Australia, he stayed in Ireland. I
was in a position where I had to pay rent self.
(15:34):
I've got the kids and one wanted to play soccer
and others blurting guitar and all that sort of stuff.
Speaker 4 (15:39):
Your entire lifestyle shifts as well. And that's like, Yeah,
you talk about this idea that you go from having
a dual income to one income, but like, your lifestyle
expectations are exactly the same. Because you've got kids, you
can't actually just readjust and be like, oh, I'm going
to be a strong independent woman. I'm just going to
peg myself back and not do these things for me.
What are you going to do? Tell your son he's
not playing soccer anymore.
Speaker 2 (16:00):
Yes, but there was a lot of things that I
had to say, no, want, you don't want to exactly right.
But I got to the point where when I came
back to Australia from Ireland, I had nothing because I'd
lost my job over there. I was living on what
I had saved. I actually then found another job which
was paying me nothing, and it was having to make
that decision do we stay here or do we go
(16:20):
back to Australia. And then the kids were the ones
that said we're going back. So the kids were happy
to move back, which wasn't what my ex wanted to hear.
So I came back and I had like I had
a choice of two jobs. Yeah you know, so I
got work.
Speaker 3 (16:30):
Yeah yeah, yeah.
Speaker 2 (16:31):
Like I said, when I came back here, I had nothing,
and my goal was I was going to buy a house.
And it took me three years to save the deposit
and I bought a house and I've got yeah, and
I did that.
Speaker 4 (16:44):
Good, Let you go.
Speaker 2 (16:46):
I've got friends who you know, not that they say
they can't believe I did it, but they were just like,
oh my.
Speaker 4 (16:52):
God, just because it is actually a really hard fee. Yeah,
Like it is not easy.
Speaker 3 (16:57):
You had kids at that time, had kids.
Speaker 2 (16:59):
I had to find the balance of Okay, I'll say, yes,
you can have an ice cream to we're out, No
you can't have a drink and something to eat, because
I didn't want them missing on everything. Yeah, And I mean,
like my ex mark was paying maintenance, so it's not
like it wasn't giving me anything.
Speaker 5 (17:13):
It's still not enough.
Speaker 4 (17:15):
It's still not enough. No, yeah, no, And that is
so common and it's so hard, and that's it's the
readjustment period. But then you're like feeling probably overwhelmed because
you know your ex is paying maintenance, and you're like,
why can't I do this on my own? Why can't
I Because you're not meant to be like And I
think that there's just this very big stigma of like
(17:37):
you wanting to be a strong independent woman who does
it all on your own, because that's great, but then
also not accepting help when you need it, and then
being embarrassed of the help when it is showing up
and you can't win, can you? Yeah?
Speaker 2 (17:48):
Exactly, and then the chaos that's going on in the
back of your mind as well, because it's like, you know,
working full time, I live in Caroline Springs, drive to Richmond,
like there's an hours, that's a lot. Yeah, my kids
were young. So my kids were five, nine and twelve thirteen. Yeah, yeah,
we move back here and the moment my mum moved
in with us. When we first moved back, mum had cancer,
(18:11):
so we had all of that that we were dealing
with as well.
Speaker 4 (18:13):
That's so much.
Speaker 2 (18:15):
Well, this is it. So it wasn't just the financial
film well some will argue that point, but you know,
like it wasn't just the financial stress that I was
dealing with. It was what was going on with my mum.
It was my kids at a young age. My daughter
was then going through depression, like there was one thing
after another, and I was just like I said, I
(18:35):
felt like I was in total chaos. So for me
to be focused on having that deposit to buy a house.
Speaker 3 (18:41):
That's what we pica.
Speaker 2 (18:43):
That was seriously keeping me saying that was I also
made sure though I mean the kids did miss out
on a lot, but I made sure there was still
things occasionally we could go to the movies. I was like,
you know what, we don't eat this week? I don't
care after the movies.
Speaker 3 (18:57):
Let's go.
Speaker 2 (18:58):
This is it.
Speaker 4 (18:58):
But it was always a compromise. Oh let's just do it.
And it's even harder now. Like I'm not saying that
it wasn't. It absolutely was, But like today, I don't
know how people.
Speaker 2 (19:08):
Do it again, having gone through it, I don't know
how they're doing it today. I've struggled. Yeah, I reskly.
Speaker 5 (19:15):
I mean, you know, I've been divorced for six years
and I'm forty seven now. When I came out of
the marriage, I had literally nothing. Yeah, I think I
had twenty four k in super and I was full
time mum for seven years and that was agreed between
me and my ex that I would be the full
time mum and he had times where we work part
time and he was home as well, and that was great.
(19:36):
But then when we got divorced, it was like fuck, Like,
you've just qualified as a lawyer and now makes three times.
Speaker 4 (19:45):
Because of the compromise you did to stay at home
to look after the kids, and that is not seen
as yes, it's not financial, but it enabled him to
upskill so much that his ability to generate income for
the rest of his life has been tobocharged, but yours
hasn't been. And the entire reason women often accept that
we love that, like I you want to be a
(20:06):
stay at home mum.
Speaker 3 (20:06):
It's like, I love that for you.
Speaker 4 (20:08):
But more often than not, you are making that decision
because it is an US decision, and you made the
decision because you're like, this is a period of our
lives and we together are going to come out of
it on the other side, and we together are going
to retire. I'm not making that decision because I'm like,
do you know what havebut I just don't work for
seven years and then at the end of that, I'm
going to try and get a job. See how fun
that is? Yeah, no one said that, Like that's not
(20:30):
what we're doing. We don't go into marriages with the
intention of like this will be real fun but short
period time. Yeah, yeah, we'll just get a divorce after right, Yeah, yeah, exactly,
Like nobody goes into that. And fifty percent of marriages
in Australia end in divorce, the other fifty percent in death.
So I'm not sure which one you want to pick,
but I think it's so important because in both of
(20:53):
those in outcomes, the death side of it, I'm a
bit morbid sometimes. My mum was a coroner, so that
shouldn't it shouldn't come as a surprise. But in that situation,
men don't live as long as women. At some point
in your life, as a female, you are going to
have to manage money on your own. You are going
to have to get your shit together. And whether it
is now or later is actually your choice. But if
(21:15):
it's now, it means that you're not doing it under dures.
You're not doing it because you were forced. You're not
doing it because fuck, you've realized that you're going to
get a divorce or shit, my husband has had something
happen and now I'm a widow. Like, you're going to
manage money at some point on your own, Let's just
get it together now when we can be in complete
control of it. Because no one plans for those things.
(21:37):
I don't want those things to happen to anybody. I'm
trying really hard, but so true.
Speaker 5 (21:42):
That's exactly where I was. I was like, I was
not expecting to get divorced. I did not expect I
thought we would be to have a family, he would
progress in his career, that's great. I was happy to
be the person that I would pick up the kids
after school because we didn't want them in childcare. That
was our decision. So that's what we did. And then surprise, surprise,
(22:03):
you know.
Speaker 3 (22:03):
It's life happened.
Speaker 5 (22:04):
Life happens, and you're like, fuck, wasn't planning for this
at all. After he moved out, I lived on my
own for two years, just in a rental with the kids,
and I did struggle.
Speaker 4 (22:14):
You know.
Speaker 5 (22:14):
I just had like a part time job working at
a health food store and everything, which was great, kept
my sanity, but you know, again it was that thing
of like where am I going to work? Like how
employable am I? I've been at home for seven years,
not just being a mum, because it's a very important job,
and I absolutely loved it.
Speaker 4 (22:33):
It's an important job. It is a beautiful job. It
is a job that you took because you didn't think
that that would be the outcome. No one takes a
job like if I put a job on the table, like,
do not get me wrong, I am obsessed with being
a mum, like and I'm so grateful to be in
the position I am in now to be able to
financially afford the lifestyle and the business and whatnot. But
(22:54):
if I said to you, do you want to take
a job for the next seven years, at the end
of it probably going to be completely unemployable, is that alright?
You'd be like, do I get so far? I'd be like, nah, nah, nah,
you don't. Isn't that funny? And you'll be like, yeah,
let's do it.
Speaker 2 (23:08):
And you may end up on your own at the
end of this as well.
Speaker 4 (23:10):
Actually you might end up completely single.
Speaker 2 (23:13):
Are you ready?
Speaker 4 (23:14):
No one's going to take that, so don't get me wrong.
The reason we do that is because of the kids,
and that is the best reason to do it. But
at the end of the day, if we looked at
the job description, we probably wouldn't take that role. But
we need to. We kind of do need to break
it up and go Okay, in any other circumstance, I
wouldn't do this, But how am I going to do that?
And this is where I am on my podcast promoting
(23:36):
please have conversations about super splitting. I want your partner
to be contributing to a superannuation while you're not working.
You know, let's if we're going to talk about divorce
like that, superanuation does become part of the conversation, you know,
talking about maintenance. We need to reframe that because a
lot of the time you think that that's because you know,
at the end of the day, I do need help
with the kids that he's kids too great, But you
(23:57):
also have less of an earning capacity he does. And
for how long is that going to continue? So we
need to be talking about all of these things and
they're not feeling bad about asking for them because you
deserve that as a bare minimum. And how many times
do we and I haven't been through a divorce thankfully,
knock on would, but like, how many times do I
(24:17):
speak to women who are like, I just feel bad
asking for sit down exactly, like, just ask because it's
actually the bare minimum. Yeah, Like you both entered this
agreement to have children together. That was a joint responsibility
and now we're not there and that's okay, but that
responsibility doesn't end. I'm not going to be able to
be a state home up. You can pay for that
rub which you can pay for me to do this.
(24:40):
You're not going to are you see.
Speaker 2 (24:42):
Like I said, though, that's what I've been very lucky
with my ex that we do have a good relationship.
And he was always good with his maintenance. In fact,
even if I said, listen, i've got the soccer fees
coming up, I can't afford him, he would tip in
to help as well. So he was always I wish
everybody had that, but like for him, his kids are
his world. Will do anything for his kids. So we're
very lucky in that respect, and it it helps. We've
(25:04):
got a good relationship early days when it first happened,
and it's so good. That's the case with any breakup.
Speaker 4 (25:12):
But I don't think I've ever met a couple even
when they say, oh, I'm really amicable, I'm like, okay,
well let's talk about the finances. How amicable we stay?
Speaker 5 (25:20):
Yeah exactly, yeah, we wouldn't. And look, I'm the same
as Tony. I mean, my two oldest live with their dad.
They just adore him and he does everything for them.
He pays for everything. I don't receive child support. Yep.
I made that decision three years ago to not take it.
And people think that I'm crazy, but it was. It
(25:44):
was almost interfering in my life, it was like I'm
paying you, what are you doing with the money? How
are you living like this?
Speaker 4 (25:53):
So and sometimes we're making decisions for our mental health,
and that's where finance becomes even more complicated, because like I,
I want you to have the bare minimum, but then
you're telling me the bare minimums interfering with my mental
health and I go, okay, cool, we actually need to
work out what your minimum is as opposed to what
everybody is. But I need you to know what you
could do, and then I want you to have the
(26:14):
ability to choose not to Yeah, what do you want
to do?
Speaker 3 (26:16):
How does that work?
Speaker 4 (26:17):
So it's stickle and it's complex, And that's where money
goes back to being inherently emotional. You cannot tell me
that it is just a tool. No, it's so true,
it really is. And you know, it was starting to
feel like a bit of a mind game, and I
was just like, do you know what the best thing.
Speaker 5 (26:33):
Is to just cut it off? Ye? You pay for
things for the kids and that's it. And that actually
improved our relationship, but it didn't necessarily improve my financial position.
I mean, it got better, but his is flourishing. Do
you know what I mean, And sometimes I'm just like.
Speaker 4 (26:51):
We've revisited that conversation about supernuation.
Speaker 5 (26:57):
Exactly. So yeah, I mean I do look at where
I am now, and I would love to know. I mean,
I can probably go through your podcasts and listen. But
you know, for women my age, what is what is
the best thing to do for my super So.
Speaker 4 (27:12):
It's going to depend on your risk profile. But if
you haven't looked at it first, we're going to log
in and we're going to work out what our super
details are. Because nine times out of ten, when I
sit down with women, I'm like, what's super details, They're like,
I don't even know.
Speaker 3 (27:23):
I'd be like, who you with I answer those question.
Speaker 4 (27:29):
She was the teacher's pet. School was no, no no.
Speaker 2 (27:31):
I said this to Lisa this morning.
Speaker 4 (27:33):
It was a chart on the wall at your school,
and you had the most starts.
Speaker 2 (27:37):
See for me, finances are important because we had money.
We weren't rich, right, but my dad had a successful
business and then overnight lost the business and we lost everything.
So this is why and this I sent you. The
text I think was this morning because I was listening
to podcasts we did with somebody else and the money
side came up and we were joking that, you know,
once we start making millions, I'm happy to look after
(27:58):
the money. Lisa can look after the fun, right, And Like,
as I'm listening to that while I'm editing it, I thought,
the reason I am like this with money is because
I've seen val. We had a great life. We were
on holidays, that sort of stuff, and then we lost everything.
We lost the house, we lost property that we had.
We moved into a factory and then we lost that
as well, and we were renting a three bedroom house.
(28:20):
I've got three brothers. One of my brothers was living
in a caravan outside the house. So I've seen that
happen and that's why for.
Speaker 4 (28:27):
Me, you're like, absolutely not. I need to be on
top of it, exactly, exactly, yeah, And I don't want
everyone to have to experience that to make it a
priority in their lives.
Speaker 2 (28:36):
Right. And maybe it was a little bit Toe just
paired at one point.
Speaker 3 (28:41):
I told you she loved a gold star. I told
you personality stuff. So when we're talking.
Speaker 4 (28:51):
About super though, I want you to log in, and
the best way that you can do that is actually
through your mygove log in because it will tell you
where your super funds are and then you can kind
of backtrack reseat passwords work it out that way. And
then once we have that, we want to use the
my supertool. So there's a my super tool from the government.
We're not using the cute one that the meercats talk
about on all the ads because that is driven by
(29:12):
advertising and not putting you in the best possible position,
So we only use the government ones. And by doing
that we can look at is our super fun performing
is it okay for us? Like what does that actually
look like? And then we're going to look at whether
we need to be making additional contributions or not. And
the best way to work out whether you should or
not is a compound interest calculator. I want you to
(29:33):
work out. And this is like a bit complex, but
there's like guides on my website, guides on my podcast,
like I can give it all to you, but like
what type of income are we trying to aim for
in retirement and then we work backwards with how much
we want in super So on average, a single female
is going to retire with about like three hundred and
fifty to four hundred thousand dollars in superannuation. But you
(29:55):
might find that that's not enough for you. And so
we need to work out what our lifestyle is, not
just what the average is, and then we can work
out are we on track? Are we not on track?
Then I want you to make use of the super
fund because you're super right, you've been paying eleven and
a half per cent of your income into this. I
can almost guarantee most of us have not been saving
that amount. That's a lot of money. It is your money,
(30:16):
it is your choice. But also you're paying fees to
that super fund. Yeah, make them give you some free advice. Dammit,
call them. They're gonna put you with a financial advisor.
They can't give you holistic advice about your whole life.
They can give you advice on your super Do I
have enough? How do I work out if I want enough?
This is what my lifestyle looks like right now? How
much do I need in superannuation to achieve that same lifestyle?
(30:39):
What does that look like? Do you think that I
should change my risk profile? They can talk to you
about all of that for free. It's not free. You
already paid the fees exactly. But and I can promise you.
These people that work at these supermunts, they do it
day in, day out. They are bloody good at it.
Speaker 3 (30:54):
Use that.
Speaker 4 (30:55):
And most of us have never called our super fund.
We can't even recall our super fund number. And for
some reason we think that that's not our money because
it's so far away. Yeah, I'm going to get it
into a sixty five. Why bobble looking after it? Why
Because it's going to be the biggest asset you retire with,
That is why.
Speaker 3 (31:09):
Yeah, yeah, yeah, And like we want to care about that.
Speaker 4 (31:11):
It is your money, is your choice, how and when
and where it's invested. Yes, you can't touch it to
your sixty five, but I promise you'll blink and then
you'll be sixty five and you'll be like, how did
this happen?
Speaker 2 (31:21):
I didn't content to this time, Joe, That's so true.
Speaker 5 (31:26):
Yeah, definitely need to. I haven't looked at it in
a while. And I did actually start salary sacrifices as
that's very sexy.
Speaker 2 (31:33):
We'd love to see it.
Speaker 5 (31:34):
So I did start do that, and that was like
a little oh my god, I'm feeling so proud about myself,
you know, is that doing it? Because I did I thought,
you know, you're.
Speaker 4 (31:41):
Putting future you and the best choices.
Speaker 5 (31:44):
And I thought, I am in my forties and I've
got this shit, super what the fuck am I going
to do? So, you know, just that little moment was
like priority, It's important, exactly.
Speaker 2 (31:56):
Okay, Let's just look in my situation where my kids
are now moving out, I've still got one at home.
I'm now focusing on savings, trying to get my house
paid off. I've got an investment property.
Speaker 3 (32:08):
Oh look at her. Go Okay, though for years.
Speaker 2 (32:12):
I wanted an investment property and then was finally in
a position where I could do it because I had
the equity in my house.
Speaker 3 (32:19):
So sexy, you know, but like just you know, you.
Speaker 2 (32:21):
Feel good about it. But like me, now I'm focused
on what I want to do is get stuff paid
off because I want to get to a point where
I want to go and live down by the beach
and just retire by the beach, do the podcast and
by the beach.
Speaker 4 (32:36):
Just you know, just know you're going to have to
travel to the beach to this is good.
Speaker 5 (32:40):
I'm happy to do a little studio down there as well, exactly, But.
Speaker 2 (32:46):
Like that's where my head's at now. I mean, I
would love to win the lotto because then I can go.
I know it's never going to happen. If there's other
women in the same situation as me, they've got that
stuff sorted. Like, what is another thing we can do
to when an income that is going to work faster
for us?
Speaker 4 (33:04):
I would be looking at investing outside of superannuation because unfortunately,
old age is a privilege that is denied to many
of us. And I think that that's why a lot
of us just don't prioritize SUPER because we're like it's
for when we're older, and like who even knows? We
need to enjoy the journey. Like, could you be investing
outside of super to create an asset that would give
you a little bit of financial freedom beforehand? Like what
(33:24):
if you get to fifty five and you go, I
would really like to just do a part time job. Yeah,
and you could because your investment is giving you a
little passive income. Property is a nice one, but there's
also a heap of other things you could be doing
along the journey of just getting some cash in the door.
So like could you pick up like a side job
or a part time job. I think a lot of
(33:45):
us are always looking for the golden ticket of like,
is there a way I can you know, make this
passive income? And everyone on Instagram is going to try
and sell you a passive income scam, and it is
just that it is a scam. But like I see
a lot of people in my community who are in
that demographic. Like, actually, I get on air Tusker and
I just do a couple of small tasks on a
(34:05):
weekend and I get like an extra tour, fifty bucks.
Speaker 2 (34:08):
For a soccer club, right fix and everything.
Speaker 3 (34:11):
How good is that?
Speaker 4 (34:12):
And we're just finding things along the way. And you
don't have to be the best in the entire world
at it, But like, are there things that you could
pick up as like little side hustles. It doesn't have
to be a full blown job. Like a side hustle
isn't starting a full you know. And I always use
the example of like a candle business. It's not like
starting a candle business, marketing, you know, making a product,
(34:32):
doing all this that's a lot. They're just like a
little hustle you can do on the site. What could
you do that could add some extra income? It ultimately
makes you feel more.
Speaker 5 (34:41):
Comfortable she's got an idea.
Speaker 4 (34:43):
What is that?
Speaker 2 (34:43):
Which one is it?
Speaker 5 (34:44):
Mugs with your feet?
Speaker 3 (34:49):
I've already had that idea.
Speaker 2 (34:51):
Count feet yep, yep, you and.
Speaker 4 (34:53):
Me together, you said you do social media, you take
your photos.
Speaker 3 (34:56):
I'll be the talent yep.
Speaker 4 (35:00):
Mine, and then just for like fifty fifty, we don't
want that's what we do and we won't even need management.
Speaker 3 (35:04):
Then it will just be that's it.
Speaker 4 (35:07):
Say less, say less. Do you know I used to
have a client when I was a financial advisor who
made for hundred and fifty thousand dollars a year doing that.
Speaker 2 (35:14):
This is what I'm hearing, and this is why I'm
I'm gonna I'm gonna do it now. I'm back at
this for Jake. I'm gonna open up an only fans
account and I joking about it.
Speaker 4 (35:22):
You let me know if you need financial advice on that.
Literally no judgment here. I was like, babe, that's elite.
Tell me more. Like.
Speaker 3 (35:28):
We spent one.
Speaker 4 (35:28):
Financial advice meeting literally going through her only fans of
her feet photos and she's like, oh, this one was
so funny.
Speaker 3 (35:34):
Look at this.
Speaker 5 (35:35):
Hell, it's insane. We have got to do this. I
actually had to support were client, and he was like,
you know, you could read like dirty stories on fans
and get great and I'm like.
Speaker 4 (35:46):
You have a great voice. Actually we could absolutely do
that actually.
Speaker 3 (35:50):
And then say less to.
Speaker 2 (35:54):
My feet the photos of my feet and you read
it less to my feet, say less, no.
Speaker 4 (36:01):
Judge, maybe you let me know if you need help
setting these things up. We're doing it for.
Speaker 2 (36:05):
The community, yes, and our bank balance, yeah, but we're.
Speaker 4 (36:09):
Doing it so that they know anything's possible. So we
want to inspice what's without feet stories?
Speaker 5 (36:16):
Would we be reading about feet? And I met up
at the shop.
Speaker 4 (36:20):
I don't know if you know this, but like by
now you should. Men are simple creatures that the whole
story they just need.
Speaker 5 (36:28):
Okay, good, we've got a side hustle sworded.
Speaker 4 (36:31):
Yeah, but we can we can actually pick up things
along the way that help us financially that aren't getting
a full blown additional weekend job, that are actually on
our terms, like as twenty twenty five, we can just
jump online, you could. You know, I've got a couple
of people in my community who do delivery driving or
like one of my community members is on air tasker
and she got this like a little side hustle of
(36:52):
doing ironing, and so she'd go and pick up a
basket of broning. She should do it for like forty
bucks or whatever. Yeah, and then she was really good
at it, so that woman referred her to her friends,
and now she has this whole little crew that'll pay
her in cash. She's make it like a thousand dollars
a week just doing everybody's irony. And I was like,
I could not think of anything worse ironing. It's like Victoria,
(37:12):
I love it. She's like, I'll watch all of my TVs,
like I set up in irony one of my TV.
She's like, there's no one home. I just iron all day.
And I'm like, I'm glad you found something you love.
Speaker 3 (37:24):
I really am. But that sounds like some sick hell.
Speaker 4 (37:28):
She's like, I make a thousand bucks a week cash.
She's like, and I'm about to like this this great.
I could do this forever, and.
Speaker 3 (37:33):
I'm like, pop off, queen.
Speaker 4 (37:35):
But like, you can find so many and there's lots
of things you could do. And I think it's just
about thinking outside the box and not just assuming that
that's where it ends. Like pick it up, have a go.
If you don't like it, you don't have to do
it again. And I think that it's about just giving
it a shot. So I think so many times we go, oh,
if I do that, that's a massive commitment. And it's
every weekend. And I don't know, babe, no one said
(37:56):
everything about everything, like yeah, we didn't say every weekend.
We just said give it a try.
Speaker 2 (38:00):
That's it.
Speaker 4 (38:00):
You might hate it and if you do, find something else,
or you might fall in love with ironing.
Speaker 2 (38:05):
Thank you so much for joining us, Thanks you for having.
Speaker 4 (38:07):
Me, Thank you for my mug, my new favorite mug
right and she's on the money next week.
Speaker 2 (38:14):
And if you don't know, anybody wants to buy one,
just send them away. You charge them with thirty bucks
now gone up, gone up from twenty to thirty.
Speaker 4 (38:20):
Yeah, I reckon it's been added value.
Speaker 5 (38:22):
Signs the professional artist done that artwork for.
Speaker 4 (38:25):
Us, and I think I could be a good sales
representative for this product.
Speaker 2 (38:30):
Fantastic. We love that a multi.
Speaker 4 (38:33):
Level marketing model under this, the more mug you I
make exactly.
Speaker 5 (38:39):
She's always got ideas. But thank you for just all
the valuable information that you've shared and hanging out just
for your humor as well. You are just so.
Speaker 4 (38:48):
That's very kind. If you ask my mum and my
sister and my dad and my husband any.
Speaker 5 (38:52):
No, no, you are And I think that's you know,
why so many people are drawn to you is because
you make something that's serious and fun and playful and
to look hard.
Speaker 4 (39:04):
It really doesn't, but it feels it because I think
once we acknowledge that money is inherently emotional, we then go,
you're right, it is. What can I do about this?
Speaker 3 (39:13):
And as opposed to.
Speaker 2 (39:16):
Yeah, and that's not fair yeaheah, that's not fair.
Speaker 4 (39:19):
So so thanks for having me.
Speaker 2 (39:20):
Thank you.
Speaker 4 (39:21):
I'm so excited about this mudge.
Speaker 1 (39:25):
You've been listening to Life as we Know It Unfiltered
with Tony Tanalia and Lisa Cameron. If you like this episode,
please leave us a review or drop a comment on
our socials. We love hearing from you. You can also
come hang out with us on Instagram at Life as
we Know It dot podcast and on Facebook at Life
as we Know It. Oh and please see that follow
button on your favorite podcast app. If you're not following
(39:47):
us yet, catch up with you in our next episode.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!