She's On The Money - MONEY DIARIES: They Call Her Money Bags

Episode Date: January 7, 2024

Have you ever procrastinated a uni assignment so much that you end up buying a block of land instead? Today's Money Diarist has! But don't let this fool you, she is all hard work and savings savvy! In fact, so much so that her family have nicknamed her "Money Bags". Tune in to hear why. 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 for millennials who want financial freedom. Welcome back to another one of our money diaries where we get to talk to one of our incredible She's On The Money community members all about their money story and journey. Let's jump straight into it because I got this very short, very elusive message this week and I think it deserves to be on the show. Hi, She's On The Money. I have a question for you. Have you ever procrastinated a university assignment so much that you ended up buying a block of land instead? said, that's the whole submission, guys, and I could not leave it alone.

Money Diarist, welcome to the show. I cannot wait to learn more about you and your story. To be fair, I was really trying to get under the 25 words, make sure my submission wasn't too long. You got it. Honestly, some people just completely disregard that, and I'm fine with that too. Like, I put it in there as a little bit of a barrier, but you know, like, I've got ADHD. I'm gonna to read all of your stuff. Like I'm going to read it. I'm going to look at it. But also because I've got ADHD, the second you give me something elusive, I'm like, I need to know more. What do you mean? What do you mean? Are you baiting me? Did you click bait me in my own emails? I want to know first things first, before we get to learn about this elusive story of yours, what grade would you

give your money habits if I asked you to give them a grade from A through to F? I think I would probably give myself a B. Is that because you like impulse buy blocks of land? Maybe let's learn more about your money story. Okay. So I have the nickname money bags in my family. Oh, that's nice. So you're a little richy rich. Well, they all assume so. I have worked my entire, you know, 14, nine months. I was legally on the books before then I was probably working within a family business. I like that you're like, probably not going to confirm or deny that publicly. Yeah. No comment. I've always been fascinated by money and savings. So from a really young age where I had the choice and my nan was probably a big driver in this, she would say, do you want

the chocolate or do you want $5? I'd always take the money. That was just me. I love that because Because if you offer me chocolate or $5 even today, no, sorry, it's the chocolate. Yeah, no, money. Love, love. I'll take the money. Yeah, so I enjoyed watching my bank account go up and the saving aspect of that. And I, in my life, been able to do a lot with that. And yeah, so that's my nickname.

That's where that comes from. I love that. How old are you, Moneybags? I am 30. You're 30. and tell me a bit more how did you grow up around money so you adored it is this something that was like kind of ingrained in your parents or was that just mainly your nana and what has that meant now as an adult like how you approach money yeah so I don't really remember my parents talking a lot

about money but my grandparents so my nan and granddad in particularly they did my nan is your you know business woman she's owned a lot of properties owned shares businesses along the way so she's always been very open with her information and she's one that I've always gone to yeah for everything in terms of that and I think that just kind of rubbed off on me over the years and I probably learned a lot of my tricks and things from her but my parents probably not so much. They divorced when I was about four. My sister and I lived across two households. They both remarried and had more kids along the way. So, you know, I'd do the whole go to one house and then go to the other house. So it was very much, you'd move around a bit, but yeah,

money habits. My nan will always say that I got them from her. I love that. I like that she takes the credit. Get it, Nana? Oh yeah. so tell me a bit more I'm so pervy because you know obviously have you ever procrastinated a uni assignment so much that you ended up buying a block of land come on spoil it like why how does this happen like how are you just sitting there being like I really should write a thousand words or spend a hundred grand like I don't know so my sister went down to look at some blocks of land and she went with my mum and I think they ended up calling my nan to come and have a look

and her and her boyfriend at the time they were really keen my sister's probably the opposite to me she can be very impulsive jump to things if she wants something she'll go for it very quickly so she went down to purchase a block and my grandparents then rang me from there and said you need to get down here. You've got the savings. We know you've got the savings. Yeah. Cause your money bags. So it makes sense. I was about 23 at the time, 22. So I went, yeah, I'm not enjoying writing this assignment right now. So I went down and we had to just put a deposit and I stood there with my granddad and he was a builder and he said, right, you want this block this block or this block they're the best blocks in this division so I picked one and then

these random people behind me were listening to my granddad and then they took the second option they became my next door neighbors so that was all well and good except what I didn't actually add in that submission to you is I have been with my now husband since I was 13. Oh so cute little high school sweetheart yeah so we've been together a long time what I didn't tell him at the time was so I obviously went down to look at these blocks of land and put down a deposit him and I were heading off to the footy that night on the train and I had to say to him so today instead of my uni assignment I purchased a block of land you've got two options you can either buy in with me and we'll build together. Or you can move in with me, but you'll pay me rent. I'll be your

landlord. I love that you've been together since you were 13 and you didn't at any point during that process go, hey, grandpa, probably should call my boyfriend of six billion years and check if this is a major financial decision we're both willing to embark on. You just said, no, this is what we're doing. Yeah, pretty much. And that's just us in a nutshell. So tell me how that went down. Like, was your partner mad? Like, I'm not going to lie. If my husband came home and had made a significant like financial decision without me, I would be livid. Like if he came home with a new car without discussing, off it. If he had spent more than, I don't know, a thousand dollars on something, I'd be like, excuse me, sir. Like we have a budget.

We have a plan. What are you doing? So how does this go down in other relationships? look if that was him doing that to me I'd be the one losing it I know who wears the pants now no look we had obviously been talking about what we would be doing in our life next where we'd be going and he can be a bit anxious when it comes to making decisions oh so you just made it for him yeah which I was kind of like well you know I've solved the problem was he grumpy was he like what have you done or was he like money diaries that's cool no worries like what a time to be alive Yeah. No, look, he went with it. He was very good. And look, when we told his parents, funny enough, their first question was, what do your grandparents think?

I love that your grandparents seem to be like this beacon of financial knowledge in your household. Like if your grandparents say yes, it must be a good idea. Yeah. Well, even my in-laws will go, what have your grandparents said on this? Is this a safe move? Is this good? And you're like, oh, my grandparents picked the block. And then they're like, oh, okay, well, in that case, how much money did you need? No worries. 100%. Oh, that's so good. All right. So you're now 30. You've been with your now husband since you were 13. When did you get married? How did all of that pan out? Tell me about your love life. Yeah. So we got married in 2018. So pre-COVID. Money win. Yes. Money win. Obviously went off, finished high

school, went off to uni. I went overseas for a gap year and taught English in Poland. Oh, very cool. Yeah. So I did that for a year, which was fun. And then I came back and did teaching degree. And then, yeah, so we kind of got married and now we're in the same house that we built. So we've been there since 2017 now. Adore. All right. Well, now tell me, what do you do for work and how much money do you earn? Yep. So I've left teaching. I'm now a childcare centre manager. Oh yeah. And I'm on about 80k a year and a company car. What made you make that choice? Like what made you change from teaching to childcare? So I was originally in childcare family business. So my mum and my grandma opened up childcare centres when I was about four. Yep. And I worked

in them. That's why I sort of say, you know, 14, nine months lately I was working. But you're always helping out. And I feel like when you're young as well, if you're working in a childcare centre, it was probably kind of fun. Yeah. Well, I, you know, I got lots of skills and I sort of, I enjoyed doing, and it was just when I got to uni, I did a, so I'm covered early childhood, primary, secondary, special education. Yeah. Cool. That would be so valuable in your role. obviously working under your mum is very hard because people assume that I don't have my own knowledge and that I'm just the boss's daughter that sort of thing so the plan for me was always to leave for a few years and then I always said when I had kids I'd come back I haven't had kids

yet but my mum decided to open up another child care centre about an hour from where we live and it was getting a bit hard for her to try and do two at the same time so I was a you know teacher through COVID I was pretty burnt out and I went I need a change so I jumped ship and so I've been managing our second centre for about two years now. That's actually very very cool obviously I've been quite vocal about child care in the past as somebody who works in that space obviously you know high fees sometimes in these circumstances the child care workers or let's call them educators because that's what they are they are not paid properly. What are your thoughts and feelings on me being so vocal about this as someone who like literally works in and you know

via family owns them? Look whilst I agree with a lot of what you've said. That's why I'm asking I'm like I want to hear your opinion. So for a long time we were child care workers we weren't shown the same respect as teachers. Which is a joke because let's be honest the first five years are the most formative. Yeah 100% so we've worked really hard over the years to get some attention on ourselves and whilst we're a you know we're considered a private business because we're family owned and that sort of thing we're not necessarily your corporate centres so a lot of ours we will always pay above the award. Slay we love this. Yeah so that's just something you know we work in with our staff a little bit different you know they've got kids that are starting school

if they've got camps that they're coming back from we'll always make things even if it means that I jump on the floor I quite often jump on the floor to make sure that my staff are looked after. I love that. We choose to do a forced closure over Christmas so I've got a lot of cranky parents at me for it, but it's something that I can give my staff. At the end of the day, like it's a business still, like I totally, it's annoying if you're a parent that relies on childcare, but at the same time, you're like, I'm a business and I have employees that need to be looked after and need some time off. And there's not going to be a better time than Christmas to call the shots. Yeah. And look, it's a tough industry at the

moment because yes, they've upped all the subsidies, which is fantastic because they were really low. And if you earned over a certain amount, you were getting nothing back. And I just think that's unfair. But I guess the one thing to consider is the cost of living has gone up. Oh, absolutely. Inflation is in crazy. So we provide all meals. So I've got a full-time chef that works for us. That sounds bougie. Little bougie toddlers getting their private chef. Oh, she's very good. Like you'd be amazed what sort of vegetables you can get into muffins and you'll eat these muffins and not know there's vegetables in them.

yeah so you've got that all your costs of you know electricity and water and things like that everything's gone up 100 so from a business point of view it is harder we have to up our fees 100 you do to also keep in line with other centers like where i am there's two centers that are fairly close by but they're the only other centers in the area so it's a really it's competitive our fees are 16 less than the next one yeah we provide food and they don't so i do think it's a little bit unfair in how much the price can vary. It's wild. I think a lot of the time people assume that it's your choice, like your family's choice to overcharge. And it's like, no, like people who own childcare centres, especially family owned and run ones are

usually just obsessed with kids, really want them to have like the right, you know, nurturing environment, want to feed them well, want to look after them. But yeah, I think my jumping up and down is very much government related for more support to be given because it's necessary, right? Like for mums to return to work, like my baby's going to go into daycare, like you've probably seen it online. I have been on a wait list since this baby was like four months in utero. Like we were writing down, they're like, oh, like, is it a boy or a girl? I'm like, we don't know. Like, let's just put baby divine on a wait list. It's insane. I'm currently pregnant.

Oh, congrats. thank you I've had to do it for my own child it literally has you know tbc baby yep tbc baby and every month I get a text message from this daycare center saying you are on the wait list like for tbc baby divine do you want to stay on the wait list reply yes and I'm always like yes really quickly because I obviously don't want to lose my daycare spot but I didn't realize this was an issue definitely when you get a spot take whatever day you can get and then build up from there Because once you're in, you're more likely to offer you more days than they are to go to the next person on the wait list. Like that's, it's so complex though. Like complete side note that

I think people will find interesting is they were asking me what days I wanted. And I said, look, we're probably going to start daycare from about six months. Like my husband's taking six months off. I'll be really flexible during that time too, obviously. But after six months, we'd love to do like maybe one or two days on a Tuesday and a Wednesday. Like we'd love to like work from home on the Monday and the Friday. We'll work it out. Right. And they're like, oh no, you have to do a Monday or a Friday. Yeah. I heard that in your episode. And I was like, I've never heard that. The competition is wild. And I was like, but I don't want a Friday or a Monday. Like they're the best days. They're the ones that are going to be public holidays. They're the ones that are

going to be like when my husband has an easier day. Do they do swaps? I don't know. Make sure, check that too. You want to get a centre that'll do public holiday swaps. Smart. Because otherwise you have to pay for it regardless, even if it's a public holiday. The world is wild. Daycare is wild. And I'm not saying it's a bad thing because I think we're doing the best within the constraints that we have in Australia. But at the end of the day, I see childcare as an essential service and that essential service should be supported more, especially by a government who want more women in the workforce. You want more women in the workforce? 100%. Support daycare, support childcare, make sure that kids can get looked after in a way that, you know, parents don't go,

oh I really wouldn't want them going there like why one thing they really do need to do is get more educators like the industry has lost so many educators through COVID and things like that but a lot of the time you're on a wait list not because they don't have the space to take you they don't have the staff to take you on and it's such a ratioed business and I didn't realize that and the education is just not there I've put on seven trainees a lot of my role is mentoring because obviously I come from that teaching background and that's my thing. Yeah, of course.

They're not giving the incentives back to the educators for people to become educators. They're slowly, you know, giving a few thousand here and there to them but they're not encouraging people to come into that workforce and that's where then, yeah, families, working mums are left without care because we legally are not allowed to offer it. Because we just don't have the staff to look after them.

Yeah, exactly. Yeah. Oh, my gosh. I feel like that's a lot. let's ask more questions about you though less about daycare now we know that you work in child care and you're having a bambini soon what is your big money goal what are you currently working towards because you already bought the block of land and built the house you know yes so look my big money goal at the moment was for us to have a child so we've had a few issues it's all been

natural now but I've had a few miscarriages and things like that so I've had a bit of a journey so we've done a lot of travel in our past and you know the house and things like that ultimately I'd love to own my house sooner rather than later so yeah you can bet that that is definitely a big money goal for me but probably our main one at the moment is to prepare for a baby and make sure we've got all the bits and pieces and I've got a bit more time than you I'm not due for a while yet how far along are you I've just hit 13 weeks oh my gosh congratulations yeah that's the most exciting week I feel like when you get to 12 you're like breathe a little sigh of relief and then you get to 13 you're like oh this is real real yeah that's so exciting but you have so

much baby experience I will say one thing that shocked me was how expensive baby stuff is and how much it adds up like so, so quickly. Start stocking up on nappies and wipes. I'm across that. I got a whole heap of nappies and wipes in the Black Friday sales. And it was like to me, the lamest purchase, but I was like so proud of like, what a good deal I got. I was like, oh, this is so good. I am a money saving queen. And then I was like, I'm buying bulk nappies. Who am I? So that was a bit of an existential crisis. So saving for a baby, what is I guess your biggest tip or trick having so much experience in that educator space especially with young kids for I guess saving money with kids definitely start practicing

paying child care fees now because that's just for savings for you so if you know your subsidies and stuff already which you probably won't until bubs is born but even if you pick a rate you can get on and do like the child care subsidy calculators and just even find out a friend's rate and use that yes and work out what your gap payment would be and put that away so I've sounds really bad obviously I haven't got any kids but I've done that that's like my four savings that's how I work out the amount I'm going to do oh that's so smart in practice so that it's part of your budget because I'm forever listening to people talk about how much yeah child care ends up being such a big part of their budget, that you get used to it. And that's what we often say

to our families that are finishing kinder, continue to put that gap money aside. If that's been part of your budget, then that becomes your holiday fund or whatever it is once they've gone off to school. Yeah, so smart. I love that. All right, let's go to a really quick break. And on the flip side, I have a heap of questions for you because you didn't give me a lot in your intro email. So guys, don't go anywhere. All right, Money Diaries, we are back. And I want to know, you're obviously good at forced savings. I mean, you've got the nickname of Money Bags. So tell me, do you have any investments? If so, what are they? If not, what's your plan? I actually do have a few investments that

obviously I didn't mention. I'm not surprised. I feel like someone called Money Bags probably does have investments. I've got $25,000 in shares. You what? Love. Get it, queen. I've got around $100,000 in my super. I've been salary sacrificing since I was 19. Adore. And my husband and I have just purchased an investment property. Oh my gosh. You are absolutely bold and no wonder everyone calls you moneybags. Tell me how much your grandparents had, I guess, in a say of those shares. Is that something that you sat down with them to talk about or did you make your own decisions? I'm just assuming that

your Nana is like this, like holy grail of like financial knowledge. So I just assumed she might have been involved. Look, she's more into the property. So the investment property is all her saying to me, you know, this is in a great location. You know, this is perfect for you. Shares came about back in the day, there were no finance women gurus. So obviously I went, I started with barefoot and pushed her a bit further. I think I found you in one of those really early days where I feel like we were in like a hairdressers and you had like your intimate girls. Oh my gosh. You came to the blow in Melbourne. Yeah. Oh my gosh. Yes. I did like an intimate, like way back when I had like no followers, like financial literacy workshop with

Phoebe from The Blow. And oh my gosh, there were like 25 of you and you were there. I adore that so much. So one of my girlfriends, I don't know how she got onto you, but she got onto you and she took me along and she's another saver. I did all my travel with her in my sort of early 20s. We went off around Europe a few times and yeah, very much so that we came to your event and it was so good it was yeah when you were starting out I was just a baby don't tell anyone what happened at that event it was great it was really insightful and it meant that I guess for me there were other women out there that were interested in finance you've always talked about it being a very male dominated arena yeah true and there just wasn't information when I was a teenager

that was put out from women or you just didn't see it so it's been really cool to watch this space Go from my events of 25 people. I love it so much. Thank you for coming. Thank you for staying. Yeah. So I enjoy learning and I've taken on bits and pieces of sort of finance gurus along the way and some of their tips and tricks and things like that. So it was very much, I guess, that sort of started me out on starting to understand what shares were about I also got into um my millennial money yeah adore I like how everyone hesitates before mentioning another like finance or money podcast on my show and I'm like no like a share the love like we love every other money and finance podcast but everyone's like oh and uh this other company and I'm like yeah like get it like tell us

like there's so much information out there we should be absorbing all of it yeah so I've obviously really enjoyed technology in that sense that I've been able to gain all this knowledge from people and I've been able to teach myself a lot of things along the way and get an understanding of why to do things so particularly like with the super you know we were never taught about super in school no and it's so silly that you're not like it's crazy to me that you don't, because it's such a big part of our life. Like most people will retire and super annuation will be their biggest asset. And we're not taught how to manage it. We're not taught how to contribute to it. We're not taught that it's even that important. I think that there's just

this like add on that, like, by the way, money diarist, when you get a real job, you'll start having to pay super hard. We do just be part of your package. Like, don't worry, your employer will sort it out. So don't even stress, just they'll give you some paperwork, just fill it in and you wham, bam, thank you, ma'am. And you're like, wait, no, this could be like life changing and nobody's talking about it that way. Yeah. So it's been really interesting to watch that grow from when I first started upping it to I've contributed 15% my whole sort of after finishing high school. She's a smart cookie. No wonder they call you money bags. All right, money bags. I want to know about your debt. So you have some shares. You obviously have a hundred grand in

super. You've recently bought an investment property, but tell me about the debt that you have on your current property. Tell me about your investment property and any other debt you have. I want to know it all. Yep. So obviously I have two mortgages currently. Our own house, we owe about $250,000. That's pretty good at $30,000. Yeah. Yeah. So we've worked hard on that. What's the property worth? It's worth about $950,000. Oh my gosh. No, it's not. Yeah. So we bought in a growth corridor area and it's now in high demand. Thanks, Grandpa. I love that.

All right. Tell me more. What else have you got? So obviously our investment loan is quite high. It's about $700,000. Yep. But still manageable within our budget. Especially because you already have $700,000 of equity sitting in your family home right now.

Yes. So we've got that. We've already got a renter in there. it's in an area, we're very lucky, that's very central to sort of the city element of where it is located. Yeah. Very cool. Yeah. What's that worth? Sorry, before we move in, like if you've got a $700,000 loan on it. I think it was valued at about $830,000. Very nice. And is that like, how long have you owned that? When did you purchase your investment property? Probably about six months ago. Okay. So like that's epic. Did you use equity to purchase that? Yes. So you

didn't even have to cash out anything. You just signed up for it and now you have $130,000 of equity in that property, which brings you up to like $830,000 equity at 30. Yeah. Okay. Queen, no worries. Anything else you'd like to tell me about debt? And I have about 7K in HECS debt. Oh, that's okay. That's a different type of debt, I think. What's your plan around HECS? Are you paying it off aggressively? You're just letting it tick along? Like, have you thought about it? I'm just letting it tick along. So I just feel I would rather focus in, I know obviously indexation and everything, but I would prefer to just leave it alone being what it is. If it was anything over 10, I probably would have, but I went through

sort of chatting to brokers and getting your ducks in a row they just kind of said leave it yeah it's not impacting your buying capacity right now yes which i think is a really good point actually for those of you who are thinking of purchasing property but are a bit worried about your hex debt more often than not the best thing you can do is talk to a mortgage broker about how your hex debt impacts your buying capacity because often if it's like maybe a lower amount they'll be like, don't worry about it. Like it's not going to impact it at all. But the same could be true if it's much higher. Like I remember doing the maths with our broker, Kate from Zella Money. And obviously, let's be honest, I own the company. I was going to like use a different broker. Are

you joking? But I was talking to her about that because I have a very high hex debt. Like my hex debt is still sitting at about $75,000, right? And so I'm in my head going, oh, maybe like if we paid that off, it would give us a heap more borrowing capacity. And we did the maths and the difference between me paying off my $75,000 hex debt and, you know, just leaving it, I think it was like $25,000 worth of capacity, which was not worth it. Because if I had another $75,000 in cash, like I probably should just put that towards the property and grow my equity sooner. Yes. Anyway, that was obviously my personal situation and it's different. But

the moral of this part of the story is just ask a broker before making any massive financial decisions that you think will help. Because sometimes they do great. Sometimes they don't and you might have been better off to just hoard the cash and chuck it in your offset account so I think it's one of those things that just talk to the professionals before making any big decisions definitely money diarist I've said it before I'm gonna say it again your nickname's money bags tell me what is your best money habit definitely that I am a really good saver I can see that yeah so it's just something that it comes naturally to me do you have a structure like I feel like so many people say I'm good at saving but like that could be because you have a really

good budget and cash flow plan and you allocate it all or you're just like a little hoarder like there's lots of different ways to be a good saver tell me how your way works so I have definitely used your budget and cash flow masterclass I've done that oh she's in the money masterclass I love this thank you for being a positive advocate I think yes so I guess in the early days it was very much just physically seeing the number grow. Yeah. Whereas at least your masterclass has allowed me to break it down so I can really understand, you know, what I'm spending. Yeah. And yeah, what I'm saving and why, I guess, bringing out the why, like what's the next movement, not just saving for the sake of having money bags. I mean, that's a cool nickname because

obviously you've got some cashola behind you. That's what I was trying to get out of the money masterclass is like setting it up. So it takes it to the next level. So you've got your budget and that's great. And so many of us just write out our budgets, but like go nowhere with it. So I think the fact that it writes out your budget, tells you your surplus, you've got to allocate all of these things. It asks about your goals and values, and then it spits out a plan to be like, okay, well, if you have this budget and these goals, and these are your savings allocations and what you're looking to achieve, these are the amounts of money that you need to put in each and every single bank account to make this work. And here's the structure. And to me, that's the only

way I can be successful like I need the structure yeah it's good for my husband as well he needs to see it he just goes you know here's my wage and you deal with it but I'm very much of no you need to understand this too yeah it's nice to see the breakups as well because I use that system obviously for my own budget and cash flow that's why I shared it with everybody else but sometimes I look at it and go oh I didn't realize that cost me that is that actually worth it and like my husband and I all sit down and go, oh yes, no, maybe like, oh, we've got this, you know, big money goal of like, just even like frivolous things where it's like a couple of thousand dollars and we really, really want it. It's nice to be able to build it in and not feel like it

takes a lot from, I guess, our bigger goals. It makes me go, oh, well actually, even though we're planning on, you know, having a baby, we've got a baby fund, like that doesn't actually compromise it that much over this period of time. Yes, we can have it. Or there's a goal that does compromise it and we go, actually, we thought we wanted to do that. I've just done the numbers. Absolutely not. We're not doing that. That's so silly. I don't know. I just feel more in control. Yeah, definitely. Adore it. If anyone's listening and they want to join the Money Masterclass, I'll give you a little 50 bucks off, which is obviously a bit of a money win. Use the code

POD50, so POD50. Back to the show though, Money Diarist. I want to bring this down a bit. What are Moneybags' worst habits? Uber Eats. Oh, same. But we're keeping the Uber Eats economy afloat. So we're basically a charity. That was my argument through lockdown. And then, yeah, it's definitely like when you do sort of the money apps that break down like what you've spent in each section, I avoid looking at the takeout section. Yeah, fair. Because it's never a nice thing to look at. But why Uber Eats? Is it just convenient? Is your favorite food on there? Is it, you know, you don't like cooking? Like,

tell me a bit more about it. Yeah, look, it's probably the convenience of it. I work about an hour and 10 minutes from home. So sometimes I can be in meetings and things till, you know, six o'clock at night. And then by the time I walk in the door, it's got to pass seven. And I'm like, the last thing I feel like doing is cooking or making a mess in the kitchen. Yeah. Cause then you've got to clean it up. And arguably you've been cleaning up after tiny people all day. I'm just here being your like fangirl. I'll just like let you have that bad money habit for now. I mean, we probably could pull back on it, but it's okay.

I totally get it. All right, money diarist. At the start of this episode, you said, V, I think my money grade would be a B. And I thought, all right, well, I mean, her name's Moneybags, so I don't know if I believe her straight off the bat. Then you went on to tell me how you're basically killing it. you've got an 80 grand salary and a car, but through all of that, you've managed to create $25,000 in shares. You own two properties. One of them's an investment property. You've got a

heap of equity at 30. You have a hundred grand in super because you told me that since the age of 19, you've been sacrificing 15%. Like what type of 19 year old does that? But then also what type of 30 year old does all of this and then says, oh, I'm still a B. So tell me, do you think that B is still accurate? If so, why? If not, what's your new grade? I guess when you put it down, it probably doesn't sound like it. I'd probably say I'm an A, but there's always room for improvement. So I'm very much under the belief that, you know, there's always something else to do or another way to improve and get better at something. So I don't believe that you can just be a flat out A plus and that that's the end of the road. So definitely still room for

improvement. Adore. I love that. And I'm glad you upgraded yourself because if you weren't going to upgrade yourself, I'd be like, I'm stripping you of your nickname. Nobody's allowed to call you money bags unless you call yourself an A. Can't take advice from people who don't have conviction in themselves, I don't think. Yeah. All right, Money Dice, it has been beautiful getting to know you. Thank you so much for hanging out with me, spending some time talking about your money story, but also having just a really good chat about childcare, having a good chat about how much babies cost, but then also how you've managed to get to $830,000 in equity in your properties before the age of 30. Like to me, that's wild. So congratulations, but also thank

you so much for sharing this story. I know our community is going to love it. And I just think these stories and money diaries are so special and I'm just always so grateful for people who are willing to share. Thanks for having me. 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

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