$40K Invested, a $1.7M Property at 26 and Still Scared to Spend Money

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She's On The Money 55 min 3 speakers 6 chapters transcribed
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Natasha Bamblett 0:00
My name is Natasha Bamblett. I'm a proud First Nations woman and I'm here to acknowledge country. 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, knowledge, and resources for you to thrive. She's
Victoria Devine 0:45
on the money.
Natasha Bamblett 0:47
She's on the money.
Victoria Devine 0:51
Hello and welcome to She's on the Money, the podcast that lets you be pervy about other people's money stories for educational purposes, of course. Welcome back to another one of our money diaries brought to you by our friends at Sky Wealth, where I get the absolute privilege of sitting down with one of our incredible She's on the Money community members and talking to them all about their journey. Let's jump straight into it because this week I got a message and it sounded exactly like this. Hi, she's on the money. I have lived in a scarcity mindset for as long as I can remember. Even as a child, I always set my money from gifts aside for a rainy day or I gave it to my mom. Unplanned or spontaneous purchases sent me into a spin out of anxiety, even though I could afford it numerous times over.
Victoria Devine 1:36
Although it's not quite where I would like to be, my mindset has much improved with multiple savings account, a solid investment portfolio and a brand new mortgage, which I am in the very privileged position to share with my mum and younger brother. I feel like I finally have a grasp on my money and the team and podcast have had such a positive influence. I would love to be able to share a little hope that someone else can relate and not feel so alone. Just a little bit of a heads up and a trigger warning, my early money story does involve some emotional and financial abuse. Money Diarist, welcome to the show.
Unknown 2:14
Thank you for having me.
Victoria Devine 2:16
Oh my goodness. I'm so excited. But also just like, what do you mean? Your mortgage is shared between your family members, not like a partner or not on your own. That's such a different way of going about it.
Unknown 2:28
Yeah, no, we have done things a little bit differently.
Victoria Devine 2:31
I'm really glad though, like how exciting and how exciting that you want to share that story with me for our community to learn from. So before we dive any further in, I need to know, if I asked you to give your money habits a grade from A through to F, what would it be?
Unknown 2:46
I think I'm sitting at a B plus or an A minus.
Victoria Devine 2:49
Hey, that's pretty good. I like that out the gates. You're like, I don't know how I feel about money, but also A minus. Maybe I'm going to take that one. Money Diarist, let's dig a little bit deeper. Tell me a little bit more about your money story and the things that have impacted it.
Unknown 3:04
All right. So as in the trigger warning, it started off pretty well. So when I was quite young, I had both parents and we were in a high middle class to almost wealthy family. family. So, you know, they were both quite decent income earners. They had multiple investment properties. We went on holidays. We were sort of spoiled as kids. I got into horses. My brother was into motorbikes.
Victoria Devine 3:26
Oh, horses. Yeah.
Unknown 3:28
Okay.
Victoria Devine 3:28
Okay. You had money, money, girl. But also at the time, did you know that? Was that something that you were able to identify? Were you just like, girl, this is just life. Everybody gets a horse, right?
Unknown 3:39
Yeah. So I knew sort of that we were loved and that mum wanted us to have what we had. But she never let it get to our heads. So when we had friends over, everything was shared. Everything was sort of spread out. It wasn't like a you are privileged. It was a you are loved and you have to share this sort of thing. You give and you take.
Victoria Devine 4:00
I love that. I feel like that's something that I'm working really hard to instill in my kids. And I'm just like, okay, we're having the daycare fight at the moment, which is like, I want to take this to daycare. And I'm like, well, if you take it to daycare, you have to share it.

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