She's On The Money - Ask Victoria Anything

Episode Date: November 5, 2024

Welcome to the ultimate money game! In today’s Ask V Anything episode, we’re flipping the podcast into a full-blown game show. Victoria is in the hot seat, answering your wildest, trickiest money questions—from real estate decisions to to prenups to business hacks and everything in between. Think you can guess her answers? Time to find out! Here is the the MLM episode we spoke about on Spotify and Apple. Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.See omnystudio.com/listener for privacy information.

Hello, my name is Natasha Nabanunga-Bamblett. I'm a proud Yorta Yorta, Kernai, Wolperi and Awadjeri woman. And before we get started on She's on the Money podcast, I would like to acknowledge the traditional custodians of the land of which this podcast is recorded on Awadjeri country, acknowledging the elders, the ancestors and the next generation coming through. As this podcast is about connecting, empowering, knowledge sharing and the storytelling of you to make a difference for today and lasting impact for tomorrow. Let's get into it. She's on the money. She's on the money.

hello and welcome to she's on the money the podcast that's usually all about helping you master your money but today it's not just a podcast it's a game show it's a game show I don't know how this is going to go, but I'm actually really excited about it. Buckle up, because this is an Ask V Anything show. I'm your host, Bec Syed, and with me... Should I be scared? I think you should be at all times. Yeah, okay, be prepared.

I was a scout, so scouts on us. Always be terrified and worried. So today, our brave contestant, may I please welcome to the stage, Victoria Devine. Oh, thank you for having me on this game show that I didn't know was going to be a game show. I thought it was going to be a podcast. Thank you for joining me. Oh, thank you for having me.

I'm ready. I'm sorry for just throwing this on you. No, absolutely. Let's go. I love a good game show. What are we playing and how much money do I get to win? I tell you what, you get to win exactly zero dollars, but the prize. Can you double it?

I'll have to ask my producer. Okay. All right. Sorry. You're asking for a lot already. I know. I know. We haven't even started yet.

Okay. So this game is all about taking on the biggest, juiciest, trickiest money questions sent in by our amazing listeners. Do you think you're up for it? No. but also let's go. I also have a few of my own. Okay. All right. No, you can ask me anything. Apparently I was open to this. Amazing. Okay. So let's jump straight into round one with our first question. So hypothetically, I'm 27. Mentally, I think I'd be nice, wouldn't it?

I've got a hundred K saved. Okay. Yeah. That is very hypothetical. That is very hypothetical. I don't own a property. Should I be investing in real estate or elsewhere? And at the same time, someone else wanted to know the potential pros and cons of buying a property versus using that fund for the share market. So, should we tackle them together? Yeah, absolutely. I was really scared when you said it's an ask if I eat anything and I've gone rogue. And I was like, oh no, but now you're asking me about my bread and butter, so we're ready. So, if you have $100,000 saved and you're not sure where to invest it, I think you need to zoom out and have a think about what your values are. Like, is property actually something you

want to be investing in because it's a really big commitment. So you're going to buy property. There's going to be probably some stamp duty, some other fees and charges. Like there's a lack of flexibility there. I mean, I'm not selling it. I own a mortgage broking company, Bec. So like I should be like, yeah, what you want to do, go talk to a Zella money broker. But I think it is such a big commitment, Bec, that I feel like you've got to know that you really want it before you get into it. Because if you want to then get your money back, it's a hassle to get it back out. If we're comparing apples with apples and you want to look at the investment market versus property, in Australia, we know that the share market performs on average higher than the property market. But in saying that, if you're not passionate about the share market, why are you investing in it?

Like if that's something that you're like, oh, I can't be bothered, but the fire in my belly is lit because of property, like you're going to allocate more funds towards it. Like we spend money on the things that are of value to us. So it's not about which returns more. It's actually about what aligns your values and what you want to do. And I cannot tell you how to invest your $100,000. But I think it's important to talk about they are two different asset classes. And over your lifetime, you're probably going to want to have a bit of both. So if you've got $100,000, is it for a home deposit? Is it for share market? Up to you. That was really diplomatic, I suppose. But I can't give that advice. Totally. Legally. Probably need to look at the person. What I can tell you, don't invest it in

a multi-level marketing business. Oh, great advice. Yes. Yeah. Okay. I can definitively say that that is a terrible idea. I will cross that off my list. You're welcome. Okay. This next one, I actually always wondered about this too. So if multiple brokers offer a $0 initial fee, what's the harm in using multiple brokers? Do you know how many credit checks you're going to rack up? Oh, Oh, of course. I don't like that. No, neither. I don't like that. Credit checks on your account decrease your credit score over time. So we want to minimize those. But on top of that, let's say you want to go get a home loan with Bank B and you're like, all right, Bank B, I really want to go and get a $500,000 home loan. Then

you have another broker working on that. It actually is submitted under UBEC. So you are personally identifiable, another broker can't submit another deal to the same bank without intercepting that and ruining your chances, you're probably going to end up with a decline. I see. It becomes an admin nightmare for that bank and they don't like it. Also, a mortgage broker gets paid by the bank. So this is my business seller money and that's why I can offer services to our clients for free, which is the biggest money win ever because we get paid by the bank when your property settles. It is so much work. We have a big team at Zella because not only are you talking

to a broker, but you're talking to their CRM. You're then talking to our admin team in the background. You then go into a settlements officer who's going to make sure that your process is as smooth as possible and that all the I's are dotted and all the T's are crossed. We liaise directly with your conveyancer to make sure that they're doing their job, but you're in the best possible position. We are answering all your questions along the way and making sure that you are feeling supported. My brokers, not that you should be calling your brokers after hours, but they answer the phone on the weekends. They answer the phone after hours. They do not want our clients to be stressed. That is a lot of time, energy, and effort to be put in for something that then

ultimately doesn't convert because you were playing the game. I see. I don't think it is fair. I do think that if you're on the fence, have an initial meeting with a broker. Absolutely. but at the end of the day work with someone that you resonate with because if there is a right answer for your situation both brokers should come to the same conclusion beck true they should be you know analyzing it in a certain way and probably be putting the same bank forward but it takes us a lot of work it's not just like a quick half an hour meeting with a broker like in the background we are doing so much work so much research to make sure that you are in the best possible position if you're doing that to multiple people you're wasting their time and

that is not cool. That's so true. I did notice that when my partner was buying a property. She was messaging them on Sunday and I was like, are you allowed to do that? I know that you should obviously respect business hours and all of that. But like if you're stressed and want that support, I want to hold your hand and make sure that you're in the best possible position. And I don't want my clients being stressed because they're like, oh my God, are we okay for settlement? Yeah, girl, of course we are. Like if that's all it takes out of our day. Great. Exactly. Okay. This next one's a good one for all of us in this cosy live crisis yeah so hypothetically i'm a stay-at-home mom looking to earn extra income do you have any tips i do multi-level marketing let's take that out of

context and put it on socials yeah actually put it on a t-shirt uneducated which is what i'm going for at the moment so do i have some tips and tricks yes i want you to just stay vigilant and know that if it seems too good to be true, it probably is. There are so many opportunities that are going to be presented to you because you are a stay-at-home mom, because you are relatively vulnerable in this situation. Because at the end of the day, you want to stay home with your kids. And I get that. If you've decided that you need an extra income so that you can spend more time with them and someone comes along and says, hey, Bec, so I've got this great business opportunity. You just sign up, not hard for you to do, 300 bucks. You can make so much

money on the side and you can take your kids to the park whenever you can work from wherever. Sounds great, doesn't it? But you need to stay vigilant. I would say in terms of earning extra income, Airtasker is fantastic. Are there any tasks that you could pick up and do? If it's a choreo job, can the kids come with you? Can you do a few things here and there? Are there any handicrafts that you can do, online surveys that you could do? Is there a way that you could get a work from home job? Like one of our community members has recently gotten a job as a medical transcriber. I was going to say transcribing is pretty good. Yeah, it's pretty good. And she's earning so much money. She's earning like 45 bucks an hour or something to transcribe medical

records because they want to keep them on file. But she's like, it doesn't matter if I do that at 9am or I'm doing it at 9pm. I do it when my kid is asleep, like, and they're fine with that. There are so many options out there that don't involve you ending up in a worse off situation. But I also need you to know that if you're looking for a way to earn extra income while still having that lifestyle as a stay-at-home mom, there is always going to be some level of compromise. Like you can't have your cake and eat it too. And maybe this is going to sound harsh.

Maybe the realization is this is a season of life. I'm going to earn less right now while I'm focusing on my kids. And then once they're at school or once they're doing this, I can go back to earning an income. you don't actually need to do it all. I feel like there's this boss babe mentality online of like, if you're going to be a stay-at-home mom, you also need to be working on yourself and you also need to be having a side hustle. And if you don't get up at 5am and go to the gym before the kids wake up, like what are you even doing? Absolutely insane. Unrealistic expectations being put on parents. Like if you want an extra income stream, great, let's find one for you. But don't do it

because you're feeling the pressure because other people are doing it. Yeah. One out of 10. Also, don't forget clinical trials sometimes no clinical trials clinical trials let's take that you can do that one i'll do that one okay the next one is a good one i feel like i've said that for all of them so far but they're all good it's about those golden nuggets of wisdom your favorite advice from a mentor or person that you still use to this day like the advice or the person because like i feel like mentors come and go true maybe both if you have favorite advice i feel like my dad is that lame? That's probably lame. No, that's cute. You're welcome, dad. So there's probably a few pieces of advice. The first one is honesty tempered with mercy. Whoa. So that is something

that he's always said. Just because it's true doesn't mean you have to say it. So like, you know, if something at work is happening and, you know, it's not working, like always just being like, am I being kind in this moment or am I just saying it because I can? I think that's something that I've always taken, especially in She's On The Money. Like we have to be honest because like at the end of the day, I need to put you in a best possible position, but you don't need to crucify someone. Like say you're firing someone and they're just not the right fit, but they've also been messing up a little bit and you've given them a few reasons as to why. You don't need to double down and absolutely bury that person on the way out. Like that is not what

you need to do. So like honesty, because like people deserve the truth, but like sometimes times you need to temper it with mercy, I think is really good. The second piece of advice my dad gave me was the best number of business partners is an odd number of less than three. And I really wish I had listened to him at the very start because that essentially is him saying, don't have business partners. That sounds savage because I have had a few of them now. And upon reflection, I have always taken on a business partner because I didn't have the confidence that I could do it myself. I thought that I needed somebody else's support to be successful. I thought that I needed somebody else to hold my hand through that section. And the reality is nobody knows my

businesses better than me. No one cares about my businesses more than me. No one cares about my mission more than me. And so then it should just be me. At the end of the day, like my businesses are better off with me making those decisions because I do lead in a way that not everybody leads and that's okay but I think it's important to kind of back yourself like I think so often small business owners especially women they want to be in business they want to do things because it sounds great but they want someone to be alongside them for the ride and sometimes that's not the best decision yeah okay great advice I don't know if it's great advice savage advice. And also the last piece of advice that I got from a friend was just don't f**k it up.

I love that. Good advice. Easy as that. Great advice, V. Thank you. Okay, V, we're talking love and money at this point. Someone's asking for your thoughts on the importance of a prenup for couples considering marriage. I like that. So first things first, in Australia, we don't have prenups. We have binding financial agreements, which are similar, but also they can be disputed. So I think it's important to know that going in, but I also think that a prenup, like let's call it that, is a good idea to make

sure that you're on the same page going into a marriage. In saying that, it probably needs to happen prior to marriage because if you're in a de facto relationship, you default to the same rules that apply to a married couple. So it's kind of the same thing anyway. Like if you moved in with your girlfriend and you met all of the criteria for being a de facto couple, you're not treated that differently these days as a married couple is. So we do have to be quite careful. It also depends where you're starting from. If you're 19 and you're young and in love and you've just gotten married and you have literally no money to your name, do you need a prenup? Probably not because you haven't started the relationship with significant assets that need

to be taken into consideration. But if you're on the flip side and you're in your 30s, maybe it's your second marriage and you have an inheritance from a parent or a grandparent that you want to make sure if you came out of that marriage was protected, yes, absolutely. I think we need a binding financial agreement. I also think that it is really good practice to go into a relationship with a clear exit strategy. And that sounds terrible because no one wants their relationship to fall apart, Bec. I didn't marry my husband because I want to divorce him. I married him because I wanted his babies and I want to be with him for the rest of my life. But being able to sit down together and talk about, well, what if this didn't work out when we're both in the headspace

of wanting the best for each other is a really good outcome because that then becomes the fallback. So something might happen. We might be really salty at each other and don't even want to look at each other. But we have this document that says, well, this is how our assets will be divided it up this is how we would care for our children this is how we would do this because we decided that when we actually wanted the best for each other and I think that that's really nice yeah so do I think you need one not necessarily but do I think that you should talk about an exit strategy for your relationship absolutely and it can be a little bit morbid like isn't that a bit weird to be like you know if I said to you and Jess hey so what if this doesn't work out what you're gonna

do like you're like oh no this is gonna work out but like you have to to put yourself in the best possible position. And like, especially for women, we end up with the raw end of the deal half the time. So like, what does that look like? How is your partner going to advocate for you? If you're hypothetically in this very stereotypical relationship, you're both mid twenties, you're planning on getting married and having kids and it's very, you know, heterosexual, like great. So are you going to take time off when your husband goes to work and you have kids? what's going to happen to your superannuation what's going to happen in the future I think that we just need to prepare to make sure that everybody is treated equally it's great advice

I actually I'm curious maybe it depends on the agreement but does that protect your future assets or just like the current assets no so it protects current assets future assets are often seen as created together oh yeah which is why and I'm not a lawyer so do not quote me obviously if you're going through this speak to a lawyer but it's why in a court of law if a woman stays at home, the man's not automatically going to get all the money and all the super. Like I have situations where community members that I've spoken to are like, I got 60% of his super. You listen to it on money diaries all the time because when you sit down, she took the hit for you having a career. The reason you had a career was somebody was backing you at home. Like I think

there's just this misconception that being a stay-at-home mom or not earning an income while your partner is means that you're not contributing when you are. And I think that we need to see it a little bit more equally. Completely agree. I think this is a really good time to just jump to a quick break. Good idea. I'll get my questions in order. Okay. And then we'll see you more when we come back. More when we come back. Welcome back, everyone. Today is a game show. It's an Ask Me Anything for Strictly Victoria. I'm not going to win any money, apparently. So I'm not sure where the game show part comes in but I'm glad you're having fun Bec. I'm having so much fun. I feel like I've already won. You have won. Okay so this next one I feel like you're gonna

love this. So it is about multi-level marketing. Oh I am gonna love this. But I have been all over your Instagram lately and I know you've been sharing your thoughts. So I do know. My thoughts. Well they are spicy thoughts. Honestly it feels like it's been a full-on soap opera and I've had my popcorn ready. I feel like so many people have too. Like I'm not done. I'm so excited. You even dropped a whole episode on the weekend about how dodgy MLMs can be. If you haven't heard one of those yet, go back two episodes. It was juicy. You do not want to miss it. So V, tell me, what are your thoughts? I hate multi-level marketing to my core, Bec. That's why I did a whole episode on it. And there are more to come. Like I'm not done. I haven't stopped. I feel like

this is a space that we need education on because the most eye-opening thing after dropping that episode was that people that obviously weren't involved in multi-level marketing are like I didn't realize that this was so awful I didn't know this is how it worked I had no idea and that's fantastic for you but you need to be educated because like if your friend's like hey Beck I've got this great shampoo you're gonna fall into it and not know so I think that as a community we deserve the education but then on the flip side I see so much potential in these women and it's going to waste on businesses that aren't theirs. So obviously we did a whole episode. If you missed that, go and listen to that. But I have a juicy interview coming up. So doing all my

research, I came across a woman called Emily Lynn Paulson. Oh my gosh, Bec, I'm obsessed. She has a book called Hey Hun. Okay. Isn't that so cute? That is cute. That's how so many multi-level marketing women start their conversations. They'll be like, oh, hey hun. So I was watching your videos. And I just thought, Beck, you're doing such a good job. Have you ever thought about the shampoo that you use? Like it actually kills me. So she's used that, just taken it back. And her book is called Hey Hun, Sales, Sisterhood, Supremacy and the Other Lies Behind Multi-Level Marketing. And when I saw her, right, she made more than a million dollars in multi-level marketing and has now flipped and been like, that was toxic. That was awful. I'm so embarrassed. Yeah. In the first

like 90 pages of her book, she talks about white supremacy. She has gone hard. Like I have so much respect for her, but we have a juicy interview coming up. So if you want to hear more about multi-level marketing, that's the one that you want to tune into. Oh my God. I'm so excited for that. Me too. I don't want to talk about anything apart from that, but that's okay. We've got more questions to get through. Yeah, absolutely. We will get all the juicy, juicy, juicy details. I'm sure in that episode with Emily. Okay. So this next question you have is how to raise capital for a business idea I have, hypothetically, it would require me to buy a bit of stock. Okay. So obviously there are lots of different ways to starting a business. There's bootstrapping.

So bootstrapping is where you like take on every expense yourself. Like maybe you have another job and you're funding it on the side. Maybe you've got some savings, like it's completely up to you. I get really suspicious when people say I need to raise capital for my business because capital comes with a trade and that trade is for usually equity in your business. And I am an advocate of women in particular owning a hundred percent of their asset. So if you're saying I really need to raise capital for a business idea, so capital's cash so that you can invest into your business. Do you want, you know, if I said, Hey Beck, I'll give you a hundred grand for this business idea, but I want 30% of your business. If you're so invested in this

business and you know it's going to be successful, do you really want to sell out that early and lose that much percentage of your business before you've even begun? Like some businesses you definitely need funding for, but like I want you to have dotted all your I's, crossed all your T's and made sure that you're in the best possible position before you've done that. So have you done a full budget? Have you done a forecast for a full year of expenses? Like all the way down to what is your website hosting fee going to be? What is shipping going to cost? You said you needed to buy stock, I'm assuming maybe just like a retail business, you're buying stock. What is the insurance going to cost to get that stock to your warehouse? What is the warehouse

going to cost? Like I want to know everything before you even think about going into business and raising capital. If you're raising capital and you don't have complete clarity on what that business is becoming, you are not ready to raise capital. Like I just have a lot of thoughts about that. But then also, have you looked into business grants? Oh, true. Is that an option? There is so much money out there and so many resources for small business owners to get grants. Grants are literally like winning the business lottery back. Like the government is going to gift you some money just to help you with your business if you pitch it properly. Right. That's a better deal than giving somebody else a cut of your business. Also, have you thought about maybe saving for a

little longer? Like if you aren't ready to bite the bullet and you don't have the capital to start the business, should you stay in your job a little bit longer, save a bit more and start it a little bit later? Or obviously I don't love debt, but business debt is an option. Could you go to a bank and get a loan so that you owe a bank money, pay that back and you still own 100% of your business? So I think that there are a lot of thoughts and feelings I have. How would you then raise capital if you've decided? There are lots of different ways. There is crowdfunding, there is, you know, angel investors. There is, you know, business brokers that could go out and help you raise that. There are heaps of options, but I would be trying to avoid raising capital

at all costs before trying to raise capital. I think it should be the last thing that you do. That is a lot to wrap my head around, but I'm sure if you're in the business of wanting to start a business, that will make sense. Yeah, please don't take people's cash all out unless you really, really, really have to. Absolutely. That's great advice, Vee. I'm trying. I'm trying. I'm actually a business owner who has had multiple business partners. That has cost me hundreds, if not millions of dollars to get rid of. So yeah, don't do that. Yeah. Okay. This one is one that I'm sure most of our community have asked themselves. When should you see a financial advisor? Do you need to have a certain amount of savings or goals

before you do? Well, it depends. And this is going to annoy all the financial advisors. So close your little ears, but not everybody needs a financial advisor. If you are somebody who wants some help on your goals and your investments and achieving them, then sure, seeing a financial advisor will help. But there is the ability to do it yourself. I'm not saying it's the best option. It's kind of like getting a gym membership back. Like if I went and got a gym membership and you went and got a gym membership, I know you are so good at going to the gym. But if I had the gym membership, I'm not going because I don't have any accountability. So a financial advisor is kind of like a personal trainer in that they might get you in the gym,

they might actually get you doing your program. They might actually get you investing and creating wealth and doing all of those things. Maybe you feel like you've got to the end of your DIY journey. You're investing, you're saving, you've got super, you've got a property and you're like, like maybe I need to take it to the next level. That is when you might want to see a financial advisor. Not everybody needs one, but if you're going to see one, I think it's important to have a lot of clarity around your goals because they're going to ask you. Like in my fact find meetings when I was a financial advisor I want all the info like prior to the meeting like what you earn what you spend what you own what you owe but then I want you to go why are you here what

do you want from me if you go I don't know I just want to be better at money that's really hard because I could have six million different outcomes for you depending on your goals but if you don't have goals am I picking your goals are you gonna like that probably not ideal so before I saw a financial advisor I would sit down I would do a full budget because that's within your power. Like there is a free budget on our website that you can download at any time to do. I will do that for you for free. Literally go and download it and do it. If you want to take it to the next level, we've got our money masterclass. That is a really good thing to invest in. If you want to take your budget and your cashflow to the next level, you can do all of that. You can sit down,

you can write down your goals. You can write down what you want to achieve. You can have a chat with your partner. You can zoom out. You can look at your super fund. You can call your super fund and have a chat to the advisors there for free because it's included in your super fees like exhaust all of these options I would say before seeing a financial advisor and then when you decide I want to see a financial advisor that investment is going to be worth it yeah that investment is going to help you be in the best possible financial position but no you don't need to have certain savings you could have zero dollars to your name and seeing a financial advisor makes sense it's comforting or you could have a hundred million dollars and seeing a

financial advisor then makes sense. So it's not necessarily about how much money you have, but how much value you place on paying for advice. Okay. This one's a bit juicy. What are some financial decisions you've made in the past five years that you would change or that you regret? Oh, okay. Lots, to be honest. I am a very good impulse purchaser. What's a small one that I made this week? Are you ready? I am actually really embarrassed by this. So I got back to the office the other day after making this purchase. And I said to my whole team, I am embarrassed. I cannot believe I just did this. I bought a dress last weekend for $250 from Chic. I really wanted it. I have had my eye on it, whatever. Bought the dress. I am really short.

So that dress needs to be taken up. And I just in my head thought that's not that expensive. So I went down to the tailor and she was like, put the dress on. No worries. She marks it all up for it being taken up. And I'm like, yep, no worries. And I go to the checkout, beck $165. It is a cotton dress. Like, I don't think it's that complicated. Anyway, $165. And the regret I have is that I just didn't say anything. I felt sick. There was somebody behind me waiting in the line and I didn't want to like question it. And like, I in that moment was like, but I am, she's on the money. I should be questioning this. Like, I just want to get out of this situation, got back to the office. I regret that. I don't know if I regret any of the

really, really big mistakes. So when I was 22, I took out a $40,000 personal loan so that I could buy a car. I could travel to France and study and I could go on a holiday. In hindsight, I wish I had better financial literacy so that I didn't make that decision. But I feel like me being in that debt was pivotal to creating my career and actually valuing money more. I feel like I needed that kick up the butt. I needed that stress. I needed that anxiety. I needed to go through that, to grow through that in a way. And I don't think that today I would be as good at managing my finances if I didn't have something like that, that puts significant pressure on me. No one deserves to be in that amount of debt. But at the same time, I don't regret it. I know at the time

I was doing the best that I could with the tools and the resources I had. So are there big things that I would regret? Sure. But I think the things that other people regret might not be my regrets. It's personal, right? Absolutely. It's personal. We're all on our own journey. Do I regret that $165 tailor charge? Absolutely. I'm still embarrassed by it, but that's okay. You come to me next time. I'll chop it off.

See, I feel like the dress would look better just hacked at this point. It looks cool. It's edgy. But now what am I going to go do? Pick it up and then wear it and just always be annoyed by it? I don't know how this is going to pan out. No, money comes and goes. You say that now.

V, I do have my own questions. Oh, you've got your own questions. I'm ready. They're not educational. They're not money related. I feel like if you're asking them, I'm scared, but also probably the community are thinking them as well. So what are they?

Okay, and you don't have to answer any of these. I like how you're prefacing it, but also this is an AMA and I'm asking. True, and lots of pressure is on. I want to know what your first email address was. Okay, it was pinkcottoncandy__xx at hotmail.com. Oh, that's not too bad, actually. If you still had that, I would doubt that makes sense. I don't.

I mean, you could email it. I don't know the login. Yeah. Like I don't know the password. I don't even know how to recover that. But, yeah, pinkcottoncandy__xx and that was why I don't know. That really paints a picture of your teenage self. Yeah, it does, doesn't it?

You don't want to know her. She was interesting. Okay, the next one is really short and sweet. Do you have any tattoos? Oh, yes, I do. I should know that value. Yes, I do. I have two tattoos.

They're both on my face. They are my eyebrows. That is it. Oh, really? Yeah. Incredible. Yeah. Oh, you did a great job.

I am too scared to get a tattoo, not because of the pain, but because like what if I change my mind yeah that's fair I change my mind all the time like I am so non-committal like I love the idea of a tattoo but also like oh I don't know where I'd put it how do you even pick where you put your first tattoo and then I'm a creature of like balance so like if I get one on my left arm do I have to get one to match on my right arm like oh the anxiety my first one was on my bum cheek maybe I need to get on the other one now maybe But, okay, and then. If I had a tattoo, what do you think it would have been?

If you had a tattoo? Yeah, that wasn't my eyebrows. That wasn't your eyebrows. Do eyebrows even count? I don't know. I think they count. Okay, yeah. I think it's really, really cool.

Okay, so I would think you would get. You think I would have a tramp stamp, don't you? It's like an angel or something. I think you would have. Butterfly. Juicy, just above your butt crack. Oh. Yeah.

You know what? I will put that in the suggestions box. Thank you. If you could actually get that done ASAP, that would be lovely. Do you know what? Again, suggestions box. We'll come back to it. Perfect.

I just really quickly want to know your favorite color. My favorite color. Pink. No. Black. No. Blue. No.

I actually can't think of a single other color. I really like orange. Oh, she's an orange girl. I really like orange, but like more erring on the side of like the yellow orange. Like, you know, that like Verve Clicquot orange, like that champagne color. I just feel like that is like so happy. Like it's just a happy color. Like pink, yeah, cool. Like I like pink. It's the brand colors, but like you just look at like a bright orangey yellow and you go, that's happy. I like that. That's my favorite. Yeah. Okay. And then this one is not

for me. We're back on the money. So we've gone from email addresses back to money questions. I like it. Okay. So what's yours and Steve's next financial goal and what is a financial decision you will make outside the norm in the next few months? Outside the norm. Okay. I feel like those are two different questions. So what is our next financial goal? So full clarity, we currently have two mortgages and we would like to extinguish one of those mortgages because the idea of being in seven figures of debt is really anxiety inducing. I really don't like it. So we are trying to smash down one of those. We don't have any other big like spends. I think that we've been through that season of our lives. Like we have gotten married. That was a big one. We, you know, bought our first

home. We were lucky enough to have enough equity in our first home to buy our second property. So now I think it's about settling down. I mean, I know that we want to go on some more family holidays, but we went on a big Europe trip. And so now we're kind of like, oh, like I don't really want to do that, I want to do it again. But like financially, it's just to us, not a responsible use of our funds. And I also being completely transparent, sold down a lot of my share portfolio to buy back the rest of Zella money. So, you know, a lot of people have probably seen that. I am now the, again, sole owner. I had a business partner for a period of time. I don't, I would really like to bump all of those investing dollars back up because I sold them down so that

I could purchase a business partner out and that's fine that makes sense and I was very grateful to be in a situation where I could do that but yeah I would like to get our investments back on track because they definitely took a hit and then what is a financial decision that we'll make outside the norm I don't know if we'll make a financial decision that's super outside the norm we are currently landscaping is that the right word like we're doing our front yard and we got some big quotes back that I didn't anticipate to do that. Like they were between $50,000 and $70,000 for a front yard. And I just thought that was a lot of money. So we'll probably spend, I don't know, maybe $40,000 on our front yard because it needs a whole driveway. So it's not just like landscaping,

we actually need to move the entrance to our house, which is quite spino. That's a big one. Yeah. That's probably a big expense that's coming up, but we've also been talking about it because we bought that house in 2020. So this has been in the works for the last four years. I see. So I don't want people thinking, oh, Vee just has cash sitting around. Because I also think following onto that, that there is a very big misconception that I earn heaps and heaps and heaps of money. And we are very comfortable, please don't get me wrong. But we also do budget

and cash flow. And when I say I love budgeting and cash flow, I do it for us every single month. I'm on top of that. And most of the income that She's On The Money and Zella Money make get reinvested back into the business. And I want to be as transparent about that at the same time as being a little bit protective of that. And the reason I want to be protective of it is not because I'm embarrassed by it. In fact, my whole team know what I earn and what I do because I think being transparent is important. But I am an outlier in this space. I'm not employed by somebody. I control my income and I'm a business owner of multiple businesses. So do I earn a lot of money? Yes, in comparison to what the average income of an Australian is. But I don't think that

by sharing my income with the community, it actually helps you or inspires you because I'm not speaking most of the time to other business owners where that's aspirational. I'm speaking to people who are earning normal salaries who need me to be an advocate not somebody who's completely unrelatable right and so my view on that is that it's not constructive for the community to share that but I have shared how I budget what I do the templates like I will give you absolutely everything to be successful and I will be honest about you know where I can what I'm spending and what I'm earning but I just think that by sharing a number it doesn't really give you anything yeah in exchange except for answering something pervy that doesn't really contribute to the success of

our community sure completely agree is that weird no not at all even though I am always curious about the little nitty-gritty details yeah what's that doing you know we don't need it I know if you hear that but that's the buzzer oh we could edit one in in post if we could that would be lovely oh that was a nice buzzer wow that was loud oh she's really nostalgic time's up for today's episode of ask v anything we've battled through your questions and we've all just won the grand prize better financial knowledge who's that better financial knowledge you do know my email address that i can't access and we're pink cotton candy underscore xx if anybody would like to slide into my emails which nobody checks and we need to start go fund me for your next tattoo that is true that

is true we can again talk about that at a later date absolutely okay don't worry this is not the end of the game isn't it oh no apparently we're waiting for the next one so i guess if you want to do more amas make sure that you're checking in on our instagram because that's where we drop all of the call outs and the questions for episodes like this and also i get the opportunity to rant about multi-level marketing yay um so that is really fun anyway this has been kind of fun yeah i don't hate it we can do it again um but till then we'll see you on friday for a friday episode and we hope that you have the best week bye guys the advice shared on she's on the money is general in nature and does not consider your

individual circumstances she's on the money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorized representatives of Money Sherpa, PTY, LTD, ABN, 321-649-27708, AFSL 451-289. Thanks for watching!