910b wwgd: new house & a cashflow crisis coming + did GJ spot a red flag?

Today on the show we are doing a What Would Glendu if you are new or passing by. These

are episodes where people who are listeners of the show in the main, they want to know

what I would do based on their situation. So what we do is I'll ask a heap of questions

about their current situation and their current position and it's actually a very financial

device, technical term, current situation. I'll ask about what's going on, bit of their

money situation, life situation. Then I'll work through and tell them what I would do.

Now you'll get outraged if I say something that you don't agree with and that's fine

because the whole series is called What Would Glendu and that is Glen James, the person

who's on the front of the podcast cover, the YouTube clip. So it is What Glend Would

Glendu. Now, some practical things. If you are new in my world, a lot of the people that

come on here have listened to the podcast for a long time and know my vibe. So if I

get a bit cheeky, they probably know it's more just me, rather than having a dig. Before

we hit record, I have a bit of a chat with people just to make sure we're on the same

page and it's all good. If someone says something that they don't want up, they actually

do let me know like, oh, hang on, can you cut that out? So it's all pretty good. This

is Showbiz Baby. But today, someone is asking me, what would you do, Glen? So who we

got and what are we doing? I'm Julie and you're listening to Money, Money,

Money. Before we get into it, this show is general advice only and I've got a license

to provide that advice. Full details can be found in the show notes. I'm a former financial

advisor. Now I do the Money, Money, Money podcast. If you're a regular here, we call it

M3 and we do a podcast called Retire Right. I've got a book. The Quick Start Guy to

Investing is available wherever good books are sold. There's a link in the show notes

if you want to turn up your investing to 11 or if you're just getting started. Let's

get into it. Thank you so much for being here today.

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Okay, Julie, you're ready to do this.

Absolutely. Let's go.

Julie, would you be able to read? Because in the pre-thing, you sent me through what you

wanted to ask me, and it's a really succinct summary, and I've just asked if Julie could

read that. So I'll just get you to read what would you like to ask me?

Yes, of course. So, my fiance and I made a decision to upgrade our home in 2025. So,

this involved selling our previous PPR, moving in with friends, and then building and moving

into our new home in October 2025. So, at the time of this decision and during the build,

we made the assumption that both my fiance and I would maintain full-time incomes for

the next few years until we started trying for a family. However, since then, my fiance

has made the decision to change career and study full-time, meaning he will now work

casually. Neither of us have had to navigate a casual income as adults with lots of expenses,

and we have spent a good chunk of our savings building the home furnishing it and landscaping

it, because, well, we needed it. We doubled the size of our home, and we also thought

we'd be able to continue saving with the two full-time incomes. Our expenses have naturally

increased since moving into our home, and we are also getting married this year. We

owe about 23,000, still on that. And we do want to have our family in the next few years,

meaning my income will be reduced soon-ish, depending on when that happens. So, we want

to keep saving. We want our own investment properties in the future. We would love to start

investing into ETFs or purchasing government bonds for future kids. So, my question is,

and what I'm looking at today is what would you do, because their incomes are reducing

over the next few years, and we don't know what to prioritize, how to manage, and save

our income. So, yeah, that's why I'm here today.

So just some, I'll put some colour with some basic details, and then we'll get into it.

How old are you, and how old is your partner?

I am 30, and he is 29.

Cool. We've got kids coming up soon, so are you thinking of the next two years?

One to two years, yeah.

And what does Oldmate do for work at the moment?

Well, he is finishing up work as of tomorrow, but he will be stepping into disability support

work, so he's changing jobs, actually.

What was Oldmate doing before disability support work, or this career change?

In the same field, and working for the NDIS.

Right, okay. So, he was executive level type pay, I guess. So, just on that, what is your

current salary?

So I'm on 127,000 base salary.

Yeah.

And really?

Plus super.

Plus super.

Yeah.

So, we're probably looking at around 143, what, and was he on a similar salary before?

He was on around 100k salary, full time, yeah.

Yeah, okay.

And so, does he know how much his income will be with this new role?

No, we've been trying to do some modelling, looking at, you know, the hourly rates and

the industry, what would be likely, how many shifts he would be able to do, and we're

aiming for a take home pay of about two and a half thousand of fortnight, is what we're

hoping for, to try and just cover our expenses, and with him not going overboard with shifts

while he's adjusting to university.

Right.

Okay.

So, what's he going to be studying?

Bachelor of Biomedical Science.

He wants to embark on a career in medicine, so many, many years in study, yeah.

Okay.

So, and what does he want to do in the medical field?

He's not super-honed in on a specific career, as there's so many, but ideally a doctor,

potentially surgery, he's, yeah, he's not, he's not fixed on a certain end goal, just

knowing that he's very interested in medicine, the human body in mind, and, yeah, he wants

to consider shifting, changing his career into that.

Yeah.

Okay.

All right.

There's a lot there, and we will get to that because I want to pick that thing to shreds

because I've got so many questions.

Okay.

All right.

So, we'll go through the, the Sound Financial House that I run with the four-found

foundations.

Foundation one, cashed up and debt-free, so an emergency fund and no consumer debt.

Where are we, with how much cash you have, and also debt?

Okay.

And so, we have $90, $6,000 in our savings, and about 30,000 of that is our emergency fund.

We, in terms of debt, we owe about $12,000 in the credit cards.

And our mortgage is $800,000 and $6,000 at the moment.

Yeah.

And in terms of the wedding, is there any payments that need to be made?

Yeah.

They will be due around July, and that's approximately another $23,000.

Okay.

So, based on your total cash, 96, net of the emergency fund, we've got 66K, net of the

credit card and the wedding, that's basically $31,000 of actual money that isn't spoken

for.

Is that right?

Yeah.

Squirming.

Squirming.

So, how long's the credit card of 8 and 4K been on the credit card?

Not very long.

So, the only reason we got the cards was to hold as much money in our offset as possible

and just make the payments before the interest is charged.

So, that was our strategy to also build up points for when we were going on a honeymoon

to be able to use some of those points from all the purchases on our, on our house,

deck or something.

There won't be many points worth.

No.

No, we fell into the trap.

I said I would never get one.

How much?

Have you paid, yeah, have you paid interest on these credit cards?

Never.

No.

So, we pay off whatever's due each month, and we've obviously got the money to pay it all

off right now, which we would, but we're trying to just keep the money in the offset to reduce

our mortgage payments per month as much as we can.

We've parked that there.

I won't bite too hard.

So, you've basically got 30 grand in savings and 30K in emergency fund.

That's sure.

That's where we're at.

Yeah.

You're acting like you're ashamed of that.

It's really good.

I am.

Because if you know how much we used to have, it's a, it's a big blow.

How did you save that?

How did you save all that money?

So, initially we were saving for a car.

So, we just knuckled down and we were saving around five grand a month.

Some of that money though did come from an inheritance.

So, I did lose a brother who left me with a small inheritance.

That was.

God, how long ago was that?

About five years ago, nearly six.

He was 27.

So, very young.

What was the cause of death?

Cancer.

Very rare cancer.

So, he unfortunately passed within a year of diagnosis and in here.

I helped him before he passed with his superannuation fund.

He had a payout in there.

So, whatever was paid out then went to his siblings and my mum.

And we all got a little, little portion each, which I just kept aside,

because I didn't know what to do with it and I didn't really want it.

And it just kind of sat against my mortgage when I built a home.

My first home.

So.

Yes.

Was that before you met Old Mate?

It was the same year I met Old Mate.

So, yeah, no, no, just.

So, you had a house underway with a mortgage.

Yes.

You brother passed away.

You got inheritance from him.

Yes.

Then you met Old Mate.

Yes.

Essentially, it all kind of happened at the same time.

But yes, the first house was mine and the money that I got from him was.

Yeah.

All happened in the same year.

2020.

How much?

Yeah.

How much of the, like, what amount of money was it, 20 grand, 30, 40?

It was about $60,000.

Yeah.

Okay.

Yeah.

So, based on the 60K inheritance in that cash.

And the reason I'm just digging here, because we really get to the point of how much

you can actually save and how much money that you have from your own exertion.

Oh, yes.

Yes.

That's why.

Yeah.

Okay.

Cool, cool, cool.

Foundation 2, Spending Plan.

Would you say you've got a dialed in Spending Plan old budget that you follow each week?

Yes.

Yes.

We have the separate bank accounts, which we split our pay in and come into.

So that there's no unexpected bills.

Anything we've always got money to cover.

Everything.

It's very structured.

I love good spreadsheet.

Do you share money with old mate?

Yes.

Yeah.

We combined everything in the last year.

Yeah.

It's moving into our home.

Cool.

Foundation 4 Protection Plan.

Do you have, like, a custom dedicated income protection disability plan?

Yes.

I do.

Um, we, that was one of the things that I insisted, um, having always been managing my own finances

and then having such a huge mortgage, I was very much wanting that reassurance that if

anything happened to me financially, we would be okay because I was bringing in the high income.

So, and I'm obviously relying on his income now too.

So we arranged to have life and TPD and income protection insurance reviewed and sorted.

So we do have separate insurance for those.

And was that through a financial advisor or increased to the existing fund?

No.

So we went outside of our soup aisle.

We've kept, uh, superannuation accounts open, um, with the basic minimum amount required in

order to keep the insurances that we had.

Because unfortunately, my partner wasn't approved for, um, TPD or income protection outside

of he could only get life insurance.

Um, so we took out a life insurance policy for him.

And then the only coverage he has for TPD and income is through his, um, superannuation account.

It was, and everyone, this is going up.

You won't see, uh, Julie's face on the video and Julie's not her real name.

Um, so it's completely anonymous.

Um, what was the, why did they decline old mate?

Was it a medical thing or a lifestyle thing?

It was medical.

So he has, um, literally, I think only a few months before we organized our insurances.

He was diagnosed, he found out he has an aortic valve, um, in his heart.

It was born with this condition.

And he had a few tests done in the cardiologist had to write a report and based on the report, uh,

nobody would touch him in terms of, um, yeah, insurances for TPD or income protection,

which was shocking, but yeah, we tried a few times and got knocked back, so.

No, that's fine.

Um, thanks for sharing that.

Um, I don't know if we explicitly said, but you work in kind of a management role.

Human resources.

Yeah.

Yeah, HR.

Yeah.

Um, okay.

So the protection plan is as good as what you can get at the moment.

Uh, foundation, uh, four wheels in a state plans.

Are they, do you have a wheel and power of attorneys and whatnot?

Not yet.

That's my next to do list.

It's been a reminder of my phone for a while.

I looked into it, but yes, we have not got that.

Yeah.

And just talk to them because, um, just with the marriage coming up,

you just need to let them know when you talk to a good estate planning lawyer that,

hey, we're de facto living together.

We are getting married.

So make sure it covers that.

I think that's why I was putting it off because I thought, well, we're getting married.

So it's going to change anyway.

So just hold off into where married.

I think you can do them in anticipation for marriage, but I'm,

I don't know anything about estate planning.

Back to the spending before old mates was moving.

How much could you save a month like before he moved to a different job?

Uh, we were saving combined about four and a half thousand dollars a month.

Yeah.

Cool.

And what, how much is it going to cost for his degree?

Well, I wouldn't even know.

I know it's going on to his hex debt, but it'd be in the 30, $40,000 for the three year bachelor.

And then he'll continue on.

It's a further study and that will probably end up being in the hundreds of us.

I could imagine being medical.

Who's your like main super account?

More than how much is in there.

So my main super account is with expand essential super.

Yeah.

And that has 113,000.

And my other super accounts that I'm holding for insurance purposes is the brighter super account,

which has 21,000.

So I'm at 134,000 in my super.

Yeah.

And that's really good because the average woman your age, the average is like 34k in super.

Really?

Okay.

Well, you want to know why it's so harsh.

It's for the first year switched on and no crushing it.

No.

Okay.

For the first few years of employment, I was in a job where they forced 6% of my income to be.

I salary sacrificed it.

So when I started, I started that job when I was 19 and I was there for six years.

And for the entire six years, I was salary sacrificing 6% of my income,

which if I had the ability to switch it off, I totally would have,

because that cash would have helped being a broke duty student back then.

But I'm glad because if I...

Hey, but you made it through.

I did.

I actually, glad I couldn't switch that feature off.

Because it's now meant that my, you know, compounding interest, here we are.

I've got 133,000 from...

That's amazing.

Yeah.

Love that.

And how much has Oldmate super got in it?

He's got an account with Expand Super for 48,000 and QSuper for 22,000.

So he's got about 50,000.

Yeah.

And the average for a 29-year-old in that band, he's 42,000.

So he's well above average as well.

That's good.

And that's just based on the data on the ART website that I just always go to.

And ART have worked with us on the show before.

And I have received money from them, but just disclosing that.

Do you have pets?

Yes.

One pet.

Don't you got?

She is a...

Yeah, one and a half.

She's a Kelpicross, Border Collie Cross Greyhound.

She is amazing.

Oh, gosh.

Could you get any different combinations?

We always say Greyhound because everyone asks, what is she?

Because she's so tall and lanky.

Yeah.

She's a great myth.

She's our life.

She lives and better than us.

Yeah.

Now, your home...

What's the home worth?

You mentioned the mortgage is around 800k.

What's the home worth?

So because we just built it, it's hard to kind of know what it would be worth at the moment.

But we're fairly certain anywhere between 1.2 to 1.3 million.

Yeah.

Cool.

800k mortgage.

So I've just assumed that your monthly mortgage repayment might be around 5 grand with the

current rates.

Is that...

It's around...

I think four and a half thousand per month.

But with the if said, we're paying around 4 grand a month.

Yeah.

Okay.

So...

Yeah.

It's going to be...

Yeah.

Because basically what I did...

I made an assumption...

Your base of say 127 plus a 60k base when he's doing his casual work.

You know, 187k.

If the mortgage was 60k a year, your mortgage repayment is only 30% of your gross income.

So I don't think that's house burning down wild.

It seems like a lie.

Well, it is.

I mean, the best mortgage to income ratio would be 0%.

Because that would mean you've got no mortgage.

But there are people out there who are going through times of 40s and 50s.

And that's mortgage stress.

I mean, by the book, I think you are...

Got your toe-in mortgage stress at 30.

But based on everything that's going on, I think that's fine.

Cars and car loans.

No car loans.

We purchased my partner's car outright last year.

It's a GWM tank 300.

And that's pretty.

Yeah.

It's a beauty.

And it was probably worth...

Oh, I was going to say what an ugly car, but sure.

If you like the boxy look and cheap off-road cars.

And it was...

We did a lot of research to try and not get him to spend over 100k on a car.

And so we justified going on for the tank.

And it cost us 53,000 last year.

So we used the sale of my home to the proceeds from that fund,

that purchase, instead of going on a loan after listening to all your advice over the years.

I made him listen to you so that he didn't find it.

And...

What are you zipping around in?

I'm zipping around in my little Kia Serato 2018.

I own an outright and I'm just running it to the ground.

I don't care about cars whatsoever.

Do you have any boats, bikes, caravans, other toys, alpacas, or whatever?

No, no, never.

Maybe when we're at it.

But never, not now.

Do you have any hobbies that you guys do?

Yes, my partner.

He is a compatible competitive pistol shooting.

So very expensive hobby to have.

And what type of like cost does that cost per month if...

I mean, you said you've got a detailed spending plan.

I do.

I'm going to look it up because I forced him to tell me.

And on a monthly basis...

I'm just grabbing my old spreadsheet.

We're looking at about 240 a month.

Okay.

Depending how many times he goes to compete.

Yeah, that's fine.

I mean, that's...

Yeah.

I mean, it adds up.

It adds up.

And is there any investing accounts or share accounts that you have?

No, no.

Everything's just an option.

Yeah, no investment properties.

So that's a pretty comprehensive summary of your current position.

Anything that I've missed.

I don't think so.

I guess you'll find out.

Cool.

Well, I'm going to lay down the law and tell you what I would do right after this.

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So we're going to now move into what Glenn would do.

I think one of the reasons we at the start

and I wouldn't have done this and I will do it to people as a preemptive caution

just to, I guess, protect your privacy.

Because what I'm about to say, there's a lot of amber to red flags that I see in your first paragraph.

I'm being really honest and this is very uncomfortable for me to tell you this.

But if you were my best friend, my sister, or someone close in my life,

I am a bit worried.

Now I could be reading the room wrong.

And you don't have to comment on this and no one can see your face.

So that's okay.

That's right.

But we're moving to our home in October 2025.

At the time of this discussion and during the build,

we made the assumption that both my fiance and I would maintain full time income

for the few years until we started trying for a family.

Now it's been October since you've had the build.

And then you've said, however, since then, my fiance has made the decision

to change career and study full time.

To me, that just seems like, hang on, did we not agree this plan?

And the reason that I've got some potential amber flags and I could be wrong.

I'm totally happy to be wrong.

Remember I was asking you about the timeline when you got the inheritance you had the house

and then Old Mate came on to the scene, right?

The reason I just wanted to know is Julie switched on and dialed in,

killing it in her own right.

And the answer is yes, you were, because you had all that happening

before Old Mate came into the scene, right?

So that just kind of confirmed to me that you're the go-getter.

You set the plan.

You've got some solid goals.

Yep, we're going to work full time, two years.

We're going to start a family.

And then Old Mate's lobbed in.

No, I'm going to friggin' change that.

And now go and study medicine for seven years.

I know, I dated a doctor.

It's horrendous. It's hell.

Old Mate, I don't know if you really understand the gravity of this.

When you go through the specialty training,

there is a high chance he will have to travel and relocate and move,

because you've got to do different time in different regions.

My next question is, when and have you had some legitimate couples counselling?

Not quite, so there's probably a lot of background

as to how he came to this decision.

It's been brewing, I guess.

We did have conversations before we made the decision to upgrade our house.

And it honestly wasn't something that either of us had ever considered to do for the study.

And that's due to a whole bunch of reasons.

So he was diagnosed ADHD.

He's had a lot of medical problems.

And it was sort of something that he'd parked and not believed

that would even be possible for him.

So he's done a lot of work.

And he was really, really unhappy in his line of work.

And I knew that.

And so when we discussed the potential going to study and what that would look like,

I never wanted to stop him in use tracks of finding a career that was purposeful for him.

And I just kind of adopted the, you know,

we'll just make it work.

We'll figure it out because this is important to you and to your happiness, to your health.

You know, he's done a lot of work to, you know, get out of that zone and think of something.

And you possibility, sorry, which is huge.

It's a really big career, but that's also why he's not super fixated on a specific avenue.

He's very open to just doing a biomedical degree and then finding something else that.

You know, a different job that he would enjoy.

So whether he goes all the way to medical school, but we're not sure.

But we decided we did decide together.

And it's probably in my wording, a bit like it's saying that yes, here it was his decision.

But it was more our decision.

I very much in support of him going to university.

And yes, I am always, my voice been historically the one switched on.

You know, always I was a saver through and through and he's a spendy spendy.

You know, we've had to make a lot of sacrifices over the last and compromises over the last six years.

And to be able to build the home and put all the money into the home that we have now, he.

Really, no, you did not spend much at all.

His expenses were cut in half.

And we saved a lot of money together.

To make this possible.

So yeah, it's, I get where 100% what you're coming from.

That was my first thought.

It's like, man, now you tell me you want to study after we've just freaking committed to building this home together.

But I get it.

There's a lot of, yeah, there's a lot of background, a lot of context.

That's true.

That's why that decisions come only about now a few months into living into the home.

It's like, okay, it was chaos chaos chaos for like a year and a half of planning this home.

And then we've got in.

We're relaxed with the chill.

And it's like, I can't, I can't do this anymore.

I can't do this.

I can't work in this career or this field anymore.

I need something else.

And so, yeah, that's where we landed.

So.

Yeah.

And I just, yeah.

Appreciate you all honesty, because I'm honestly, I'm still like, at one point.

I'm not against anyone retraining.

I'm not against anyone going to uni.

I'm against seeing situations where one person is doing something when the other one isn't on board.

And the challenge is you need to make sure you are not on board.

You are 100% locked into this decision with him.

I don't know if I'm blindly going, I want to do biomedical or whatever.

I'll go and do a undergraduate degree or whatever they call them and throw, you know, 40 grand out of degree just to see what direction.

You know, old mates, 30 years old now, I think we need to get a bit more dialed in.

Not to go, oh, biomedical, all right.

I'll see whether I take this.

Woo, woo, woo, woo, woo.

I'm just, and I had you re-complete a form part of the prep.

Did the first form say you were thinking about whether we sell the house or not?

Yeah, because my mind goes to, oh my god, we've got to sell the house to be able to live.

Because I've never navigated a part like casual income.

So I just, you know, spiral naturally looking at all of my, you know, finance and spreadsheets and going, how do we afford this when?

Yeah, like it's my income that's obviously holding most of it and then depending what he can get in will depend if we can keep it, keep it going.

So I was like, oh, what if we just sell it and then in the next few years and re-purchase again, but then I was like, no, we can't do that.

That would be a very last result, I think.

Yeah, I don't think we need to sell.

Yeah, I don't think we're selling the home.

And I think the only reason I just really want to be blunt is because you're still young.

I've just friends, family, I'm old, I'm officially old now over on all right.

I've just seen this thing where people are put up with stuff in relationships and it gets to the stage where for fight, you're like, you'll do the kid thing, you'll do all that.

You'll get back into the workforce and you're like, and I don't think it's old mate.

I've done some other episodes lately where because we've got to ice you to women who listen, right?

Seven percent of our listeners are women.

And if you're listening to a money podcast like mine, by default, you're going to be really dialed in.

Like, I'm not the money podcast who talks about share tips and portfolios every episode.

So, I know there's a high skew to women and a lot of the women who do listen, I really dialed in and it kills me to see really dialed in professional women who are with someone who is not potentially on the same page.

Now, I'm not saying that's you, this is just a PSA to everyone listening.

You just need to make sure you're both locked in on the same page before you start having kids.

That's all I would say in that. Are you offended yet? Awesome.

No, but he will be. He listens to me.

Well, and he will.

There's a lot of color that I haven't seen in the background and the word and get used might not represent the situation.

The vibe I'm making entertainment as well.

He will hate me because I think it's ridiculous that he's now driving a 50k car when he's income is 60k.

That's ridiculous. I think he needs to sell the car, put 30 grand back into cash.

We need to be cash heavy throughout this re-study.

Sure. Well, I could have it around. That would be nice.

Whatever. I don't care. I mean, in terms of the household income, I just think based on what you guys want to set up and achieve.

I mean, you own it awesome, but for absolute safety and comfort, that's a lot of money to be flogging around when you've just cut your income in half and you're about to study.

You don't know really what you're going to study, how long you're going to study.

The workload involved, like, I just want him, he's going to hate me.

I just want him to be fully, fully aware of what he's walking into, like, fully aware.

Because you chat to any doctor, you will not have a life during your training.

Like, if he wants to go down Dr. Row, like, were you aware that he will have to travel for placements and stuff?

Yes, yeah. We have spoken about that.

The lifestyle that it will, you know, create for us in the future.

Anybody that knows him knows that he needs absolute, he needs a career that is built for this sort of career.

Like, he needs chaos, he needs urgency, he's very clever.

Well, it sounds like he'd be a good paramedic.

He could be. He could be. And look, he made a site to go.

It's a paramedics after the Biomed degree. I'm not sure.

But yeah, we did have a lot of discussions around what it could lead to and what we're signing up for.

And yeah, I get what you're saying.

But I've had a lot of conversations with myself as well around, you know,

just I never want to stop him from exploring or trying to find something for feeling.

That's just who I am. I'm just easily loyal and dependent.

Yeah, but you can't keep over, you can't keep over your own compassion and hate life.

Because even three years, he's like, yeah, I do want to do med school.

And I've got to do a surgical placement in frickin' Wollongong or somewhere in another state.

And you've got two kids at home.

Like, these are, I just really want to rattle both of your cages.

They will be rattled after he listens to the book.

And I like it because like I'm the guy who wrote the career book.

Yeah, sort your career out and make more money.

I want him to do this.

But I want him to do it smart.

And I just don't want him to, I'll just do this career and see whether there's too much opportunity

costing time and money.

Like, this is crunch time.

So, I know he's going to listen to this and annoy you.

You guys go and see, I still think you both should go and see a relationship counselor.

Even if it's completely healthy and just chat about these things.

Because, I know, I'm making entertainment.

I'm being dramatic.

No one can see who you are or no who, no one knows who you guys are.

But you need to lock this down and really make sure you want to commit.

Absolutely.

I think it's great you're doing all this.

But I just really want to make sure that it's going to be a win-win for both of you.

Yeah.

Feel like I need to apologize.

How's work today, Glen?

Oh, I wrecked someone's afternoon and life.

So I'm basically cutting up the credit cards, paying them off.

That's great.

I did dial up that, Glen.

You really did.

Actually, I, no, that wasn't me dialing anything.

I was just going, yeah, I haven't, I was being gentle.

Trust me.

So what I'm doing, I'm getting rid of the debt, cutting up the credit cards.

Yep.

I'm doing a new spending plan based on the assumption of 60K income.

I'm selling the, the car and just driving around a 20 grand car.

I'm being cash, sorry, cash heavy until the wedding's done, until the honeymoon's done, until

we're into a rhythm with a degree.

And that's what I'm doing if I'm, and I'm going, and I've done relationship counseling

before, it's great.

Even if it's very healthy, because they just ask you questions to get you talking.

These guys could be the best chatterboxes in the world, but I'm more saying this crap

for the other jewelies listening, and I need to make that clear as well.

I'm making entertainment.

I'm saying this to get other listeners thinking, if they're about to commit to someone and

there's, they're not 100% settled in their, you know, eat, pray, love, amen, and all that

stuff, don't do it.

Okay, see ya.

That's what you would do.

That's what you ask.

You ask what I would do, so there's that.

Off to couples therapy, we go.

Honestly, I like, you know, usually at the end of the discussion, I would hit stop here

on my recorders, and then would have a bit of a chat.

And as part of the chat, this is what I would say.

It's like, hey, Julie, awesome.

Thank you so much.

We'll make sure that no one can know.

They won't see your face.

It'll be Julie.

We'll put Julie from Perth.

No one will know, but I really, really, really, really want you guys to get on the same page.

Before you start having kids, weddings and all that.

There's no other sort of option really.

Like, in terms of, we know that his career needs to change.

This is what he needs to do.

So to be able to get there, he needs to get the degree.

So that's how I kind of see it.

And it's just like, we'll just make it work.

We'll figure it out because people have worked or been on left.

And we've definitely lived off left.

So in my mind, it's like, I could make it sound really, really bad and hard and difficult.

And it's not what I want.

I don't want to study.

My next job is to be a mum, you know.

That's better I see myself being.

You ask a lot of women who are doing it alone.

It's harder than having another partner.

Yes.

And they will be seasons if he's traveling for training, where you will be doing that alone.

Yes.

Yes, but we do have a lot of family here.

Yes.

And I made it very clear that I would be staying near family if our children were very young.

So that I felt supported.

And you know, he's very on board with that.

He's not saying.

Is he smart enough to be a doctor?

Yes.

Absolutely.

Yeah.

Good.

I've no doubt.

Oh, I just thought, like, he will very much excel in anything he puts his mind to.

It's just taking him a very, his whole 20s, I guess, to figure himself out.

What he actually wants to do.

He's, you know, chopped and changed.

I, you know, ideas.

But this is the first thing.

And I applaud that because I was.

Yeah.

I applaud that because I wish I was as resolved as him when I was 30.

Yeah.

I still kind of wasn't.

I didn't know myself and all that stuff.

And that's why I just, I want the best for both of you.

But I just want you to make sure that we're not running into a degree that.

Well, let's just see where it goes.

Let's get very intentional.

Have you got the book sought you career out and make more money?

I have no got the book.

No.

Okay.

I'll, you've got my email, I'll flick me an email after this.

Yep.

I'm going to send you a promo code.

And you can put it in.

I'll send you a copy for free in no postage.

The first chapter is about values.

I want him to read it and find the values.

And let's try and match a career or job that really nailed his values.

Okay.

That's a good thing.

And this is the crazy thing.

His job, he's dream job.

He might be able to scratch the itch that he think he can scratch with the medicine and the seven years training and the degree and all that.

There could be a universe that we live on where he can scratch that whole itch without having to sacrifice all that time.

All that effort and all that money.

That is true.

We had not considered that.

So that is a good exercise.

And this is where we need to go.

So you're like, he values K.

I'll see all that.

Yeah.

All right.

Well, let's go and join the frickin equivalent of these SES national state emergency service.

I think so.

Or whatever.

Like you know, they cut down trees.

Not that this is just an example when there's a flood day kind of help people and the ding is and the trees and all that.

Yeah.

Is there a job that requires someone very nuanced in really good project management under pressure?

Because doctors are, I think, a really good project managers.

They can work under pressure.

Is there some type of career that can completely scratch this itch without going through what we're going through?

That is a good question.

I'm sure he's thought about it lots.

Yeah, because I think you're right because it's yeah.

I know we're kind of done, but like I just really want people to be happy in their career.

Yeah.

And make sure that if they're in a partnership, both people are fully locked in.

Yeah.

Yeah.

Because you need to know.

Yeah.

And this is like once more, if I can vlog this dead horse at another time, he isn't going to med school.

We are going to med school.

Oh, yeah.

We've joked about that.

Yeah.

I'm also doing this decree with him.

Yeah.

But one thing I probably didn't mention is also that I don't want to continue doing my career.

I'm 100% going to be running my own show, my own business one day.

And I'll fully need his support to be able to do that.

Yeah.

And that needs to out.

Oh, man, this is crazy.

That also needs to come out in this chat.

And I'm sorry I didn't.

One of the questions I usually ask is, are you happy with your career?

But there's a big bull with a red flag writing around that paragraph of writing.

Read the crib book yourself.

And you've got my email.

If I can help with anything, I will Shelley who co-wrote it with me.

She's got that this is work podcast.

Have you had a listen to that?

Yes.

Yeah.

She times.

Yeah.

She's always looking for good people in that world.

So I can help connect good people with good people.

But yeah, I just want you both to be totally locked in and happy with your careers before you start getting married and wasting money on all that.

And having kids and, yeah.

Yeah.

Yeah.

Yeah, I know.

Those are very expensive things that are coming up.

Hence my question around how on earth are we going to floor this all?

It's a lot.

Yeah.

Yeah.

That's right.

All right, Julie from Perth.

Thank you so much for joining us today and the apologies to Old Mate.

You've got to keep her.

I'll make sure you take her on the journey with you.

Bye.

Any advice is general financial advice only.

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