She's On The Money - She Quit Her 9-to-5 and Pulled Off the Ultimate Career Glow-Up

Starting point is 00:00:00 My name is Natasha Bamblett, I'm a proud First Nations woman, and I'm here to acknowledge country. Tii, gilinyan ganya, nianakaka yao yinbina waka, nianakai nianbina yakarumja, duminyagumiga dumiga ithawaka nirawaman daman imalan, mumibangada boma ininyalan waka, gaunan yakarumja, wutunarana. Hello beautiful friends, we gather on the lands of the Aboriginal people, we thank acknowledge and respect the aboriginal people's land that we're gathering on today take pleasure in all the land and respect all that you see she's on the money podcast acknowledges culture country community and connections bringing you the tools

Starting point is 00:00:42 knowledge and resources for you to thrive she's on the money she's on the money hello and welcome to she's on the money the podcast that lets you be pervy about other people's money habits for educational purposes of course welcome back to another episode of money diaries where i get the absolute pleasure of chatting to one of our incredible she's on the Money community members all about their journey. Let's jump straight into it because this week I got an email and it sounded exactly like this. Hi, She's on the Money. I am a woman working in the male-dominated area of security. I didn't set out to work in this field, but when my husband saw a gap in the industry, especially the lack of women, we knew we had to do something

Starting point is 00:01:43 about it. Together, we built a successful business that not only provides exceptional security services, but creates opportunities for women in this space. I've seen firsthand how this work can boost confidence, leadership skills, and self-belief, and I'm passionate about helping more women step into that power. I'd love to share what this journey has meant for me. Money Diaries, welcome to the show. I am so excited about this. I feel like I don't work in security, but we're both about empowering women to step into their power, and that means we're on the same page. Definitely. I love this. So as always, before we dive into getting to ask the juicy questions, I want to know what grade would you give your money habits from A through

Starting point is 00:02:26 to F if I asked you to give them a grade? Oh, I would give myself a B minus. It's still a work in progress. Okay. All right. Let's learn a little bit more about that. Money Durst, can you tell me a little bit more about your money story. Sure. So, growing up, money wasn't something we talked about in our family. My parents came from very humble beginnings. They each had 12 to 13 siblings. Wow. I know. It was insane. So, not surprisingly, they stuck with two children. They were like, we are not signing up for that rodeo. Exactly. So, they provided the essentials, putting us through school, but there was no money knowledge. And so, and when my dad had stopped working, it was pretty much,

Starting point is 00:03:11 you know, just getting by. So my attitude towards money was very cautious and I had no idea about creating wealth. Yeah. So then I met my husband. How'd you meet your husband? We have to know the juicy details. Like we're just girls. All right. He's an entrepreneur and, you know, he came from a family of successful business owners. So, that really helped me see money and business through a new lens. So, I would watch him from the sidelines while I stayed in my depressing nine to five job. And I just, I was observing just how his lifestyle was different to mine, even though we were married, right? You lived under the same roof. Yeah. I was getting up in the morning, miserable, ready to go to work. And he was just so switched

Starting point is 00:04:01 on. He'd be executing ideas with ease. I would just witness this level of freedom, both financially and time-wise, even though he was so busy. He just had this flexibility that I didn't have being in a full-time nine to five job. So yeah, just seeing that difference really made me want to come into that. But I had so much fear in built in me because I didn't have those beginnings. I had, you know, I wasn't scared of the level of hard work that would come with it or being very busy. It was just the fear of, you know, my own capabilities. Am I capable of doing this? What if I fail? I'm not used to this. I wasn't raised on this. So, you start making up those excuses that because you didn't have that foundation, that you couldn't possibly

Starting point is 00:04:49 get into this fold of the business world. But as soon as I recognized that my nine to five was actually bringing me down and affecting my health, I really had to make a change. And so I'd missed the fear and the uncertainty. I took that leap and I went into business with my husband. And at that time, he had recognized early on that there was a need for women in security. So I went and got my license and I was doing casual shifts here and there. It was a little bit daunting for me because I think that old way of thinking with that perspective of only men should be doing security or you have to be a certain size. I'm quite a smaller size frame. So it was a little bit intimidating at first, to be honest, and having to deal with intoxication and all of those

Starting point is 00:05:46 kind of extreme situations is a little bit daunting at first. But my husband was there guiding me, obviously making sure it was a safe space and that we had a very tight team every time we worked together. And through COVID, when COVID hit, we actually set ourselves down south. So, the southwest of WA, when the borders were closed, everyone started traveling and driving down south to the southwest of WA for their holidays. So, that place was flourishing when the city was closed down. So, we built our security business through there and we worked very closely together. And that's when I really learned a lot, not just about security, but about myself. He taught me about men, you know, and their behavior. And I was really able to navigate

Starting point is 00:06:36 big crowds and different personalities. And I just developed so much in that space of time through that guidance and doing that work ongoingly. And it just, it lit something in me and I just wanted to carry on with that. So, I'm in this zone now where I'm leveling up and I'm actually taking a direction towards empowerment and purpose now. So, it's not just building the security business. I'm actually wanting to take this into a level of conversation and empowerment towards women in security because reflecting on it, I have developed so much in myself and I've overcome so many fears and built so much confidence in dealing with people and odd behaviors. You know, I think a lot of the time we can avoid certain behaviors. You know, we might just go,

Starting point is 00:07:30 I'll just, you know, just cut that person out of our life. But at some point, you still have to deal with it. So, if you know how to navigate it, then you can, you're just going to be better and better each time. So, I'm now in this direction of wanting to become a speaker and empower women alongside building the security business. Yeah, that's cool. I love that. So, tell me now, obviously you own a security company and work as a security is it a security guard is that what you would say like how do I explain your job so there's a number of different services so you've got your security guard you've got crowd control you've got personal security patrols asset protection so we cover all of that wow yeah it's quite broad so that's not just like I'm assuming

Starting point is 00:08:19 it's like you know if a festival happens they'd call you up and be like hey we need security for the festival but like tell me a bit more about like the personal security because I'm assuming that's a bit bougier like that sounds fancy like if you're asking for personal security you're probably like someone very high profile yeah we do get called for those type of jobs close personal protection is is very different and it takes a certain level of skill and thankfully I got to do quite a bit of that in the beginning I know you said it's bougie and I can see this perspective of that, but I guess I'm still in that work zone where. Oh, totally. It's like when people think that my job's like super glamorous, they're like, oh my goodness, like you're a podcaster. That must

Starting point is 00:09:01 be so glamorous. And I'm like, babe, I'm not wearing any shoes right now. You know, my dog's on the floor. I've just eaten four mini size Mars bars. Like it's not as fancy as it looks, but like, I mean, when you like showcase a job, you go, that's pretty fancy, right? Like it's the shiny parts of other people's roles, right? It's so true. And I get that. I really do. But there's so much work involved because you're the one that's on the front line and you need to make sure that that client, and I will just say client, it doesn't matter who they are, whether they're a dignitary or if they're a celebrity, they still need that level of care and privacy. You can't be on the job and trying to take selfies with this person.

Starting point is 00:09:44 It's completely unprofessional. Oh, you couldn't hire me. I don't want to take selfies with people, but like just blacklist me from your company now, because I'd want to know all their gossip. Like I I'd be in the car with them and I'd be like eavesdropping on all their conversations. Like I couldn't control myself. You're a better person than I could ever be. Yeah. It's definitely a skill. You do have to shift your perspective, you know, and I suppose once you do it more regularly, you do see them as a client and you just want to please that client and make sure that you've delivered a service, that you've represented your company and yourself. And ultimately they're happy and they're safe, you know,

Starting point is 00:10:20 because that's the objective of our role. Yeah, totally. All right. So how much do you get paid in a role like this? So do you mean as a guard or? No, you in general. Oh, me. Okay. Well, I will say that our business is in the seven figures. That's very cool. And is that all reinvested into your business or do you guys get to take home a lot of that? Like what does that split look like? The split, I think it's fair, but we do reinvest a lot into the business because that's the main way to really level up. Oh, a hundred percent. So anything, anything that we are spending on ourselves is ideally going to give us a return

Starting point is 00:11:02 on the business. But, you know, we do make sure that we, we pay ourselves first, you know, and just cover the expenses that we need to live. But ultimately, the larger expenses are reinvested. Yeah, 100%. So talk to me about big money goals. Like what are you currently working towards? So I am working towards incorporating a training division within the security business. And that would ultimately bring in more females into this fold of this male dominated industry and just opportunities to empower and to build confidence. I can see myself in a lot of women, both mums and the younger women coming out of high school where you don't know what you're doing. You don't really know where you want to go. And that's how I ended

Starting point is 00:11:52 up in that, you know, sort of nine to five office job was just sort of just, I need some stability until I work out what I want to do. But I really feel like the tools that you're given through working in security can help you in your entire life. You're learning to set boundaries. You're learning to recognize people's behavior before something escalates. And then de-escalation methods as well. So those kinds of things can really play out in your life. And I just feel like it's leveling up your life. And I think if you get that early on, you can really do a lot with your goals successfully, but also avoid a lot of unsafe situations, you know, that people can get themselves into. Totally. I love that for you. And on a personal side, are you like

Starting point is 00:12:40 buying property? Are you saving for retirement? Like what does that look like? We are saving up for a house. So, we've avoided any big debts and we've paid off any smaller ones. So, we're doing pretty well. But yeah, ultimately to get the dream home, but we want to be able to pay that out. We don't want to take on any debt. So, we're just working towards that for our dream home and property maybe overseas as well we're looking at. So, yeah. That is very fancy. What do you mean property overseas? Is that buying a villa in Bali? Is it buying a whole resort in Italy? Where are we going? What are we doing? Specifically, it would be a home in Portugal.

Starting point is 00:13:26 Oh, bushy. I did not see that coming. So guys, when she said seven figures, she means good seven figures. People don't just buy their homes outright and then have a holiday home in Portugal. I feel like that escalated pretty rapidly. We love that place. I highly, highly recommend that place. No, like I love that for you. This is goals. Let's go to a really quick break. On the flip side, I've got a lot of questions for you. I want to talk about your take on debt. I want to talk about investments and your best and worst money habits. So guys, don't go anywhere. All right, Money Diarist, we are back and I want to talk about investing. As a business owner,

Starting point is 00:14:04 your biggest investment is very likely to be your business. So talk to me about your thoughts on investing, like how you're reinvesting into your business, but then also are you investing outside of your business? Yeah. So investing within the business, we've also got a safety division. So we're purchasing products in line with safety and we're incorporating that into the security business as well so that we can offer our clients not just security services, but now we've got safety products so we've sort of gone into that as well in terms of investment just recently we've been doing some speaking courses to really get out there and promote ourselves in you know to bigger clientele and to do a lot more in terms of training and inductions with our staff too

Starting point is 00:14:56 also offering training to our clients who might want to train up their staff, de-escalation methods within the bar industry as well. So that's another thing that we're doing. Yeah, that's very cool. And like, if we look at, I guess, investment from the perspective of you being able to buy a home in Portugal and pay for your home outright and like retire comfortably, how are you guys working towards that? Yeah, we've got a few little side hustles, but it's just flipping a few things here and there marketplace we're just really really good with saving little things so that's all just building up and so after we pay ourselves what we need to sort of get by anything that we work additionally or anything we get you know from marketplace sales

Starting point is 00:15:43 or anything of the sort or if we sell something through the business it all goes into one sort of big savings account and that's when we might you know buy something else and flip it and then make money on that and just builds over time. So it's something that we just want to sit on and just let it grow. That's where we're going with that. It's kind of, yeah, it's a safe, quiet option. All right. Tell me a little bit more about debt. So at the start of the episode, we were talking about like you purchasing your dream home. I want to know more about that, but also why you're adverse to taking on a mortgage for a property purchase. Well, we've just gone through a few things over the years where we've, you know, we've seen, you know, different businesses be affected by different things and COVID, all of those factors and having debt was a real burden.

Starting point is 00:16:35 You know, even if it's a small debt, we've seen it with other people as well. And we just, we don't want to take that on. And now that we've got my son, you know, he's three years old now. Oh, cute. It really shifts the way you think of things. So, it's particularly in the last three years that we've been very, okay, we do not want to hold this debt. We don't want to have any debt. So, let's work on it now so that by the time he's in school, you know, we can have established ourselves with zero debt with a home and,

Starting point is 00:17:06 you know, just move forward. How close are we to achieving that goal? I would say a quarter of the way. That's exciting though. That's crazy. Yeah. How fun. All right. So tell me a little bit more about this debt side of things. When you say, oh, we don't really want to take on debt, is that just like personal debts that you're like, oh, well,

Starting point is 00:17:28 we don't know if, you know, we went through COVID again and no one could work. We don't want to have personal debts. We had to pay off. Or is that stretching into business? Like tell me a bit more about how that works. We don't have any personal credit cards. We've just avoided taking on any debt.

Starting point is 00:17:43 So say, for example, if we needed to buy a car, you know, we would look at ways to, you know, we would look at the savings and what we can accumulate. How much would we need to have the balance of the total of that car so that we can just buy it outright? And that's what we've done. We don't get loans on the cars. We don't get credit cards. So, yeah, that's how we're just looking at it. It's like if we can avoid it and if we've got a lump sum of money, let's work around that lump sum of money. and anything that comes up as well you know whether it's insurance or things we avoid those

Starting point is 00:18:17 repayment plans where you might accumulate more interest and pay things outright we just would prefer to pay things outright and then we don't have to think about it anymore no that makes absolute sense it sounds like you're a super savvy saver so what do you think is your best money habit my best money habit I would just say what we're doing at the moment is paying yourself first for the essentials and then any extra income or anything that you flip, you just put into savings and just let that accumulate. And it's always that savings account that we will look back on and go, okay, what do we need to buy upfront at the moment, whether it's an investment or if it's a vehicle or whatever it is, that's sitting there. It's just accumulating some great

Starting point is 00:18:58 interest. You haven't touched it because it's in a completely separate account. So it's not being factored into your weekly expenses. Yeah, no, that makes total sense. But what do you think is your worst money habit? Because I'm on this journey of self-development, my worst money habit is if I'm online and I see a great course or I see, you know, a great roadmap or something that's going to be very helpful for me in my journey, I tend to just click and buy. Yeah, fair. So that's my worst money is that I end up doing that and it's great if I use it but you know to be honest half of the time it's sitting in my inbox and then you're like oh I can't I don't have time for that I'll get to it one time and then you forget about it yeah I have been there absolutely

Starting point is 00:19:44 especially when they're so good at like the marketing and branding and I'm like oh my god this is gonna be the thing this is gonna be fantastic and then you get it and you're like oh damn damn I could have done that myself I mean it's a great idea at one in the morning when you Oh, 100%. No, I so get that. All right. Tell me, at the start of this episode, you said, I reckon I'm a B minus, but you've told us that you've built an epic business and, you know, you and your husband are working towards buying your dream home completely outright. And then one day having a holiday home in Portugal, which would be very, very cool. But you said, I'm a B minus. What would it take to get to being like an A plus in your books?

Starting point is 00:20:22 I think it would be, actually, you know, now that I'm talking about it. You're pretty good at money. Hey, I'm like, where's these B minus come from girlfriend? I mean, when you say it out loud, yeah, it's, it's, it's very different, you know? So I have to give, yeah, I have to give us more credit than that, you know? And I think, you know, if I were to rate it again, yeah, I would be on the, you know, A, A minus. See, I reckon you're doing so well. And it sounds like you guys are like, okay, cool. We've got this strategy. This is what we're going to do. This is how we're going to do it. I love it. It's been very fun. I mean, I don't think I'll ever be in a situation where I can buy a holiday home in

Starting point is 00:21:01 Portugal. That would be elite. But I adore that I got to learn about your story and what you're getting up to and how you're absolutely killing it, especially because you want to just, I don't know, what you want to do is so important, like boosting confidence and leadership skills and self-belief for women is so important. And we are definitely on the same page about that. Absolutely. I love that. Adore. Well, thank you so much for joining us for A Money Diary. It has been an absolute pleasure. And I just know people are going to be listening to this being like, wow, she's so cool. Like that is an elite money story. So I really appreciate it. Thank you.

Starting point is 00:21:34 Wonderful. Thank you so much. 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 321 649 27708 AFSL 451 289.

She's On The Money - She Quit Her 9-to-5 and Pulled Off the Ultimate Career Glow-Up

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