Raising Rich
Join single mother, Jo & daughter, Laine as they discuss love, wealth, bankruptcy and everything in between!
It's a podcast for single mama's out there who need that reassurance that they aren't alone trying to make ends meet, or waiting for their Prince Charming.
Jo shares her rollercoaster life story - all the highs and the low's as her eldest joins her for the ride, weighing in with her two cents.
Raising Rich
Season One Wrap Up!
Imagine waking up from a dream where your car is being towed away. That's how we kick off this episode of Raising Rich. Thankfully, it was just a dream! From there, we dive into the real-life challenges of selling Jo's Point Cook house. With the house now set to settle in two weeks, there's a light at the end of this financial tunnel, offering much-needed relief amidst the broader cost of living crisis that is being felt across the globe by some.
Navigating the financial maze of shared custody arrangements is no easy feat, and we lay it all out here. Jo shares her personal journey of balancing single parenthood with part-time and casual work, and the unique hurdles self-employed parents face when it comes to child support obligations. These stories shed light on the emotional and financial complexities of ensuring that child support genuinely benefits the children. Laine also reflects on Jo's lifelong dream of becoming a teacher along with the empowerment of education and how it's intertwined with the constant juggle of managing finances and single parenthood.
From the dread of MLMs to the excitement of Master Resell Rights, our entrepreneurial journey is nothing short of transformative. We share how we built a business teaching children to read, leveraging our combined expertise in business and creativity. This venture has not only created valuable digital products but also underscored the importance of high-income skills. Wrapping up season one, we open up about the cathartic experience of sharing our stories and invite single mothers to join the conversation, fostering a community of support and inspiration. Join us for a heartfelt and practical discussion that aims to empower and encourage financial independence!
Follow our mother daughter journey towards financial freedom!
Hey Mamas, welcome to the Raising Rich Podcast with your favourite mother-daughter duo, Jo and Lane. Join us as we take you on the rollercoaster ride that has been my mum's life with money.
Speaker 2:Yes, I'll be opening up about the taboo topic of money from bankruptcy to a six-figure income and all the heartache in between. So if you're a single mama out there trying to figure it all out, then this podcast is for you. Join us for all the ups and all the downs on Raising Rich.
Speaker 1:Hello, everyone, welcome. We know that it's been a couple of weeks since you have heard our melodic voices Hello, hello. That sounded very Dutch.
Speaker 2:Hello, hello, hello.
Speaker 1:Welcome back to another episode of Raising Rich. As mentioned, we've had a couple of weeks off. We're just wanting to kind of close out the season, have a chat about where we are at today, in this very moment in time and uh, welcome back to your couch and my couch, because we are in, uh, almost two different states.
Speaker 1:Um, I do miss you, my girlfriend oh, I miss you too, mom you're long, long, long, long way away just a casual three and a half hours. We're on two separate couches today, but that's not going to stop us from probably having a bit of a laugh.
Speaker 2:I'm just letting everybody know that I still haven't come up with an Amazon product. I'm sorry.
Speaker 1:We have had a couple of people reach out and be like hey, how's the Amazon product? Coming along. No, no.
Speaker 2:No ideas? No, not this week. I'm still stuck on my walking poles for the next part. Oh, this is what happens when you're doing a podcast and your other daughter walks past and is going to work. Goodbye, yes, she's like this. Oh, sorry, mouthing sorry. Yes, yesterday I was trying to uh, create some videos and all you heard in the background was her bash hand dog barking at everything that went past little snaggygy poos Thanks.
Speaker 2:Snagalicious. Yeah, all right. So where are we at? Where did we leave things off in the last podcast? I'm glad we listened to our own podcast. So I am excited to say that my dream didn't come true, and that dream was that my car was being repossessed. Remember, I told you I had a dream, and I'm very much in tune with believing you know, things that you put out to the universe and that's what's going to come back at you. And because I'd had such a vivid dream, I kind of knew I had to do something about it. And so, yeah, successfully, thank goodness that didn't happen.
Speaker 1:well, that's a positive that you still get to keep your little Mercedes, yes, but an exciting update, though, is that you have sold the point cookhouse. Can't remember whether or not we discussed that in the last episode.
Speaker 2:Well, yeah, we did discuss the fact that you know I was trying to refinance because I was really seriously struggling with what's happening in perhaps Victoria, australia and even maybe the world, in terms of the living crisis, the financial living crisis.
Speaker 2:Everything has just become so extremely expensive, which also has affected my personal business, and so, therefore, you know it's just, in general, life has been a bit of a struggle. So the fact is, I had always wanted to sell the house the other house that I had and it went up for sale 12 months ago actually. However, I did struggle to sell the house because I had a tenant in there. The tenant didn't want to move out and by law, they're entitled to stay there and we had owner occupiers essentially wanting to buy the house, not so much investors there's not a lot of people investing at the moment and not a lot of people investing in real estate at the moment so that kind of cut the pool down and I really had to try and sell to an owner occupier. The owner occupier who did purchase is living overseas, and so they actually didn't want to move in until the tenant was going to move out.
Speaker 1:So, in order to get the tenant out, I had to make them a financial offer yeah, I think we were chatting about that in the last episode and I said why don't you offer her to move in with you in the port?
Speaker 2:park.
Speaker 1:I don't have a spare room, but come and sleep on a mattress in the lounge room with the dogs, I mean if it gets the ball moving quicker, you know, like whatever, whatever you can offer, yeah so, anyway, the uh house is set to settle in two weeks.
Speaker 2:Time is exciting. I'm going to have a chunk of money which will enable me to put some money off this mortgage, have a little bit of a buffer and to do the renovations that are required on this house. I was going to originally do a very extensive renovation but that meant that all of my money, all of my eggs, would be in that one basket, so to speak, and I have spoken with a financial advisor and they have advised that that's not probably the best option. So I'm going to do a couple of little things with that money, but I guess the main thing is to have that little bit of a backup, especially, you know. Have that little bit of a backup, especially, you know, because I do own businesses and the market is so volatile?
Speaker 2:at the moment. Yeah, I wouldn't want to be without being able to pay my mortgage for three months.
Speaker 1:Yeah, and you know what the funny thing is? It's like such a polarizing view at the moment in terms of what we're going through, like just the, the social media groups that I'm a part of and things like that. Like you've got one portion of people being like oh my god, how can I afford to live? This is like a cost of living crisis. And then you've got another half of people being like it's fine, if people have got money, they're gonna spend it like it's all good in the wood, oh where are those people?
Speaker 2:yeah, how are they spending money in my business? Bring them my way, I know who are these people?
Speaker 1:I don't know. They're probably the wealthy people that are just like.
Speaker 2:They're the tired asses that have held onto their money. Yeah, like us, we get money and we spend it on everyone. Yeah, I have some money here. Come out for dinner here, let me buy you a drink.
Speaker 1:Perhaps that's why we don't have any money. Probably most likely, but yeah, no. I just find it very interesting at at this point, like there are two camps going on and I think, at the end of the day, like your own individual struggle and what you're going through is just up to you, right like it's, it's not anyone else's story, not anyone else's journey, not anyone else's experience right, yes, right, but what we are trying to do is to convey some very, very important points, and I did a post on this yesterday and I had quite a few people reach out to me on TikTok and say that was great advice, so I'm going to share it with you now.
Speaker 2:I know we probably didn't even talk about this, but I'm going to tell you what it was. So, if you consider the fact that two out of every three marriages end nowadays okay, and in fact, a lot of people aren't even getting married, but let's call it a union Okay Two out of every three unions fail. What that essentially means is that at some point in your life, you may well be faced with having to split finances. Yeah, and my advice was and still is, even if you are in an extremely happy marriage. Now, I'm not a financial advisor. This is just personal experience advice, because I've had three relationships break down and walked away with pretty much nothing and ended up, you know, raising three children, et cetera. You all know my story If you've listened to the other episodes.
Speaker 2:I would, if, if I had my time over, yes, I would still pool my money with my husband. However, I would want to have some sort of agreement whereby he has some of his own money each week and so do I. Okay, and what I do with my money and what he does with that, you know, portion of money is entirely our own business. Yeah, you know, portion of money is entirely our own business. Yeah, we, of course, you know, as I said, pull money because there are things like the mortgage or bills and expenses that you do need to share. But I really think it's still important to have a little bit of independence financially, because you may well end up raising children on your own. You may well end up.
Speaker 2:The fact is, I stayed home and raised the children and missed out on superannuation during that time. Okay, so my building of my savings for when I want to retire was very diminished. And you know a lot of people say oh well, in the divorce settlement, you know you should have gone for half his money in superannuation. Well, if you remember, after my second husband, my first husband and I were only married a year, so why would I bother going through the hassle of that? I wasn't interested.
Speaker 2:The second marriage we were bankrupt. So, legally, like what was I going to go for? Nothing, nothing of nothing, nothing like he probably had a little bit of superannuation. He was self-employed, he wasn't paying money into his superannuation at the time. So you know, there's the second relationship no money, stayed at home, looked after the kids, no superannuation. Okay. So if you, you you may well find yourself in the situation like I said you've brought children up and during that time that money that you should have for your pension is not there and it hasn't been contributed to. So now I find myself in the situation I'm 55, I'm allowed to retire, so to speak, at 67. So essentially I've got 12 years only of work to make up for all those years that I missed out on money into and that money could have been growing, yeah, 30 years ago when you were born that money could have grown into something substantial.
Speaker 2:But you know, let me tell you I don't want to be working for another 12 years. I don't want to work until I'm 67, just so that I can retire with my Zimmer frame and not be able to travel.
Speaker 1:So that's the other thing too, like for your children as well, because I know that 67 is not going to be the age of retirement by the time I hit that age right, You're only going to keep going up and up and up and your savings are going to be less and less and less because of the cost of living, because of the expectation to keep working until you're, like you said, with your fucking frame, going, no being a willy's checkout chick with your frame.
Speaker 2:A frame can't fit down the aisle of the airplane.
Speaker 1:What's going on? Uh, you know, and I think that's the other element of it. Like you, as a mom, have always wanted to set up some form of legacy for us in terms of not just necessarily monetary sorry, not just necessarily monetary wealth, but just the experience of abundance and being able to not have to experience life without. Yes, absolutely.
Speaker 2:But now what is at the forefront of my mind is not necessarily leaving a legacy, but spending the legacy with you guys. Like having that opportunity, that time, that money to create those memories with you guys.
Speaker 2:Like having that opportunity, that time, that money to create those memories with you now yeah, for sure yeah, if you heard um some of the previous episodes, you know, my mum, um, left this world with not a lot of money, and the money that she did leave us, I took you girls to europe. Now, how nice would that have been had we been able to go with my mum, with Nan, you know, instead of waiting until I'm, you know, six foot under and you know, then you get to spend my money. How about?
Speaker 2:you know, we have that money now and we create those memories now you know, and that's in the forefront of my mind as well, I guess one of the other things that I wanted to talk about today and it's a very touchy subject and I'm not saying that this is for everyone. However, I was chatting with a friend the other day about custody of children, and I'm I understand. You know there are certain reasons why there is certain custody laws, and I totally understand that. But in an ideal world and an ideal separation of parents, I really feel that. And sharing the finances of children is obviously very important, for sure, but if one parent is not going to come to the party, then you are shooting yourself in the foot by saying, well, you can't have the kids if you're not going to pay child support, because, essentially, well, firstly, you know, I believe that if all things are reasonable, that children should have access to both parents, but the other thing is, if the children are shared, then so is the cost of bringing up the children. Yeah, okay, so you share the children.
Speaker 2:And one thing that I proposed to your father is that he have every Thursday night with you, because that actually allowed me to have a permanent part-time job, because I knew every Thursday night I was child free.
Speaker 2:Yeah, I knew every Thursday night I was child free, yeah, and then you also went for the entire weekend every second weekend, right through until Monday, which also meant I could hold casual jobs, okay, so not only does it support both parents being able to work, it also supports both parents financially contributing to bringing up children.
Speaker 2:Okay, and it's the reason why I do say this is, as I said, I was chatting with a friend and he was, you know, quite upset that he was only seeing his children once a fortnight for six hours and the amount of child support he was paying was phenomenal, when in fact he actually wanted that money to. Um, he had to spend a lot of money going through the courts to try and get more and more and more custody. But he said, you know, he's willing to spend that money on the children, he's willing to help raise the children, but he's not being given that opportunity. So, you know, like, take this with a grain of salt. It's just something that I'm putting out there, that I considered and, um, like I said, oh it, there has to be reasons why there is good shared custody and reasons why there's not. I, I totally agree with that.
Speaker 1:But does that make sense? Yeah, totally makes sense. I mean I I don't understand the court system fully enough to, I guess, have have an input. You know what what the divvy, divvied up situation in terms of of funds, I think from my understanding, it's kind of like whichever parent has the child more, gets more, well, is supposed to get more, more money from.
Speaker 2:Yeah, yeah it is meant to work that way. The unfortunate thing is when, when one parent is, uh, self-employed, yeah, that can become very, very tricky. Yeah, which is what you know I experienced with, um, the father of your siblings. You know that, you know we lived a good enough lifestyle to be able to purchase three houses. But hey, when we divorce, oh you know, suddenly, business was bad. Yeah, surprisingly, you know, and even would you believe. I remember sitting in court and the judge said has child support been organized or is it sufficient, or something like that, and I said no, and he, the ex-husband, said, oh, business is bad. And the judge, you know, stamp, stamp, stamp. There you go See you later. There's your divorce. Yeah, it was phenomenal. There was another guy in there who pleaded exactly the same. You know, it was really, it was quite sad, but I mean, this is, you know, 25 years ago.
Speaker 1:Hopefully things have changed. I think like, at the end of the day, when you're, when you, when, when you are a business owner, we all, I mean I know what you're gonna say we all right, right, we don't want as much taxes. Well, that's the thing right at the end of the day, like you find loopholes, you find great areas that are going to benefit you, because that's what people do, don't get me wrong, we're still happy to pay tax, oh for sure, because that's where people do.
Speaker 2:Don't get me wrong, we're still happy to pay tax, oh for sure, because that's where my wage comes from the government. So, yes, always happy to pay tax, but we don't want to pay tax, we don't want to pay the tax office interest, like why should we? We're happy to pay what we have to owe, but if we have, like you say, you know, if we have, reimbursements that we are entitled to, of course we are going to make those claims, because that's what we're entitled to for sure.
Speaker 1:But then when you are, you know again a parent, you. I struggle to understand the selfishness that comes along with not wanting to pay child support.
Speaker 2:Because the parent this is how you know I view it that other parent feels, oh, I'm giving the money to my ex who's a so-and-so, when in fact it's not, really it's not going to the ex.
Speaker 1:No, it's going to the children. Yeah, that's the thing, right, it's going to the kids, yeah. So I just don't't, I can't fully wrap my head around that scenario not just in your case, but in every case yeah, it's, it is interesting, all right.
Speaker 2:So we've banged on enough about that. I know we have. So where are we at now? Where are we at now? Where?
Speaker 1:are we at now? Well, we're at now right, and this kind of circumstance and the example that you were bringing up about how you, as a sole parent, giving that custody over to the other parent, allows you the opportunity to work or go to school or educate yourself further, and I think that that is something that you have displayed beautifully throughout your entire life in terms of, you know, you going back to uni when you became a single mum, to become a teacher a lifelong dream of yours. I guess that is the typical route to go right. You, you finish high school, you go off to uni, you get a so-called great job government, a government job, a secure job, whatever you want to call it and and you come out, you get a job. That's the typical monday to friday, nine to five, uh, but you're again just giving up all of this time, yeah, all of this energy yep for very little in return you know, yeah, teaching is my lifelong passion and it's it is my calling.
Speaker 2:I know that I've been put on this earth to to teach children. It is my absolute joy. The unfortunate thing is as much as it's my absolute joy. It doesn't cover the bills and for the amount of time that you do put in to teaching, the remuneration is not terrific.
Speaker 1:Let's talk about that for a second, because everyone thinks that being a teacher is such like a cushy job. You get what, however many weeks holiday, school holidays, whatever but I don't think people actually understand how much time outside of just like the 9 to 3.
Speaker 2:Absolutely, oh my goodness. So, firstly, you know it's 8.30 to 4.30, I think. But schools have a little bit of leeway in that you do have two meetings per week that go for an hour to an hour and a half and schools can invoke a third meeting. So, realistically, 5.30, okay, three days a week, but that's not to mention. You do actually go in and you set up your classroom for the day. You're getting all your resources ready. So generally you start at about eight and then at the end of the day you've got to write your notes, your anecdotal notes, for your school reporting. You might be collating data so that you're regrouping your students. So there is usually about an hour to an hour and a half worth of work after that 3.30 or after that 4.30, five o'clock meeting, okay. So realistically, you're probably doing eight to six, okay. Then in come the school holidays. Well, they're not actually holidays, because that's when you're doing a lot of your planning for the term, because you've got to think about you know, you, you've got, you've got English, maths, inquiry studies, as I said, you've got your groupings, your centres that you're working around, and then, of course, twice a year you have school reporting. Now, when I say school reporting, don't for a moment think that it would take you an hour per child. You've got 28 kids in your class. If you've got english, maths and inquiry and science and language, you know you're writing a report based on all of the data that you've collected that you've got to go back and reread and then you've got to standardize it with the other classes, so your other teachers in your year level. So it's certainly not a one hour per student kind of thing. Yeah, you're looking at four or five hours. So there goes your school holidays, two sets of school holidays. Then you're actually rereading other teachers reports.
Speaker 2:Then you've got other how can I say other commitments. So, for example, at one stage when I was a lead teacher, I was also training two brand new staff members. They'd never done any planning before. I was a lead teacher of year five, my principal gave me whole school sports to run because she sacked the PE teacher. I was also the school council head representative and also the team leader for ICT or technology what they might call STEM now. So you know you might get two and a half, maybe three hours a week, what's called APT or planning time, but you know, when you've got all of the other things that come along with teaching, you know. And then you've got after school activities, such as parent teacher interviews, carnivals, fates, concerts, oh my goodness like.
Speaker 2:And I remember being a single mum and having to go on school camp for three days, yeah. And I said to my principal, I'm sorry, like who's going to have my children? I said we've got court orders as to who goes where on what night. And I don't think, um, you know, I, I can find anyone. My sister was sick at the time, my mom was unwell, so you know it's, it's a lot of work.
Speaker 2:It's more than 40 hours a week, more than 48 weeks a year, believe me, and you know it's. And the remuneration minus your hex debt or your college debt or whatever you want to call it, you know, literally the first couple of years you're working for next to nothing. So, yeah, it's a job that you do for passion. You will hear that from teachers all of the time and you know, if it wasn't true, they wouldn't have reduced long service leave from a 10-year service to a seven-year service, because they wanted to keep teachers in the game. So they wanted to offer long service leave after only seven years of service, rather than everybody having to wait for 10 years. So I'm on my second round of long service.
Speaker 1:I love it, but these are the people that are shaping young minds of the future.
Speaker 2:Well, yes, we are and, like I said, it is my passion, which has led me into something else that we were going to have to share. Yeah, so we decided to. Well, actually, a couple of years ago, I was, you know, scrolling on social media, as we all do. We scroll aimlessly, we love to be entertained, and I was seeing all of these single mums talking about how they were making money online and what they were doing, and I'm thinking well, I've got a great set of feet, maybe I'll be taking photos and up taking photos of my feet.
Speaker 1:Your obsession with your own feet is concerning my feet are cute.
Speaker 2:You say that they might be small and little like five and a half. They look like they've been bound.
Speaker 1:I do have a theory that everyone likes the look of their own feet, but no one likes the look of anyone else's feet.
Speaker 2:Oh, my goodness, I'm not sure my best friend, helzi, loves the look of her feet. Have you seen her little toenail? She goes to get a pedicure. They look at her last toe. They just want to paint on a toenail because she hasn't actually got a toenail. So she just says, no, can I just have a discount Because I've only got four toenails.
Speaker 2:Anyway, I digress. So, no, I'm not going to be selling photos of my feet, but anyway, I see mums making money online and I think, okay, what's all this about? And I watch, and I watch, and I watch and I fall asleep at night dreaming what, what is this all about? Can I do it? Yes, I can, but what holds me back is remember all of those other courses that I did for Amazon and Shopify and or that other lady gracious. You know, I did all these courses and just got stuck and I thought, realistically, I can't do this. I've tried before. I love watching all of these people make money, but I can't actually do this. So for two years I've scrolled and at the start of this year, after the horrendous stress of finances last year, I just thought, nope, I'm actually going to jump in and do it.
Speaker 2:But being a teacher. I know that we learn from our peers and we learn from other people, and we can learn from people older than us, younger than us, people who have more experience in a field, et cetera. And I thought you know what? My eldest daughter is amazing at content. She's been growing up in this digital world like my other children. Why don't I leverage her skills and I offer my business building, my business, making skills? And you know that's why I said to you hey, you know what are your thoughts. And I know that's why I said to you hey, you know what are your thoughts. And I know that you had tried to grow a business online before and I just felt like, with our two specialties, it could come together and work for us. Yeah, so for those listening at home, we decided to purchase some courses with master resale rights.
Speaker 2:And I was very reluctant oh tell, tell everyone what you thought when I first said hey, what do you think about starting an online business?
Speaker 1:Oh my gosh, I was very, very reluctant, was very, very reluctant. I was very adverse to the idea, purely because I had tried to get involved in MLMs in the past so multi-level marketing and I really did not enjoy the sales element of it. I really felt like it was pushy. I had I don't want to say that I had no idea what I was doing, but I felt like a lot of imposter syndrome was coming over me. It was for a company that I was using their products. The products were working really well for me. I was using them religiously and seeing amazing results and other people did notice and they, you know, questioned me about it and things like that. But it never always converted into sales to a point where I could live off that income.
Speaker 1:And just hearing other women's experiences with MLMs what they shared on the internet, on social media, about MLMs, affiliate marketing, things like that, it just kind of felt a little bit icky. And what these women were sharing in terms of their experiences I wouldn't necessarily say were my experiences, but I could understand and see from their perspective how it would come across. It does come across very salesy. It does come across quite gross and I didn't really want to involve myself in that again, and so when mum came to me with her ideas and suggestions, it was kind of like an immediate wall for me and I was a bit avoidant at first. But what we're trying to achieve is a bit different. It is different at the end of the day. It's not MLM, it's not multi-level marketing in terms of having a business structure where you're kind of like earning a commission and building your way back up, sort of thing. No, no.
Speaker 2:Essentially, we purchased products called Master Resell Rights and that allows us to not only use the product but we can also resell the product. So we started to look at, you know, selling that sort of type of product, because we knew there were courses out there. Well, firstly, we needed to take a course that helped us to build a business right from the very beginning. So building a website, building funnels, building emails, building marketing campaigns, building a product, essentially, but it was like the A to Z and it was stepped out for us.
Speaker 1:It was more about the education side of things.
Speaker 2:Yeah Us in the end, yep.
Speaker 1:As much as I love content creation I love podcasting, I love creating I like the creating element of it because I'm a very artsy person. Mum is a very business person and I think that her kind of feeling like a digital dinosaur, as she's kind of referred to herself, as in the past, and me wanting to understand a little bit more about digital marketing, finding those products that relate to both of those sorts of things, were going to help us to build a business yeah, to build a business.
Speaker 2:Yeah, which is what we've done, and the beauty of it was, at first we thought we were just going to be selling those products. We were just going to be selling courses to other mums who wanted to build their own course. Yeah, and actually what has happened, which has been fantastic, is that we've taken that education and we've created a whole new other business while leveraging my knowledge as a teacher. Yeah, and we've taken that knowledge. We've upskilled ourselves to be able to build a business and sell digital products based on teaching children to read.
Speaker 2:So the fact that that's my passion, the fact that I have years and years and years of experience teaching children to read, the fact that I have endless knowledge, endless resources and I could talk about it with a mouthful of marbles underwater it's just been the perfect segue for us in terms of building an entire business around my passion. So, essentially, I'm the business brains and you're the creator of all the creative content. I get out there and talk about it, but you zhushi everything up. You've put together, you know, the five simple steps of reading success, that program. You've put together the school readiness checklist. I feel like we've both found our niche inside the niche.
Speaker 1:Yeah, for sure, and I think that that's one of the things that people get really hung up about when it comes to digital marketing or digital affiliate marketing, and what you know master resale rights are and things like that, is that people purchase things and their immediate reaction is to just sell it with not even going through the course, not even going through the content, not really understanding what it's about, because they just see all of these other people on social media, particularly women or single moms, getting on there and be like you know, I made $30,000 overnight in my sleep, you know, and I didn't even have to do anything. People cling on to that and people go oh my gosh. Well, you know, and I didn't even have to do anything. People cling on to that and people go oh my gosh. Well, you know, that sounds who doesn't want easy money, right, like no one's gonna turn down 30 grand for nothing, yeah, you know.
Speaker 1:But that's where people start to see digital marketing as or sorry, well, master resale rights and digital marketing so to as a I want to say hoax, but like a scam in a way, because they think that like, oh, if I just buy this product and I just start selling it, then I can make 30 grand overnight. It's not about that. It's about actually going through the content and educating yourself and learning these high income skills and applying them to your niche, or what you can talk about with marbles in your mouth underwater yeah, yeah a lot of people don't want to sit there and do that.
Speaker 1:Sorry, you don't want to sit there and do that. No, I said a lot of people don't want to sit there and actually do that. You know they see a 40-hour course thinking, oh yeah, yeah, I can, I can get through that. But a lot of people just want to, you know, get their affiliate link and start sharing it and not actually go and educate themselves and learn the high income skills and apply to their niche and which is what we did.
Speaker 2:We took the three courses that we purchased and went through the whole lot and, you know, worked our way step by step, and I felt like I really needed that, because I am a digital dinosaur and I just I needed to get my head around some things. And working my way through all three of the courses that we do sell under Rich Ripple, I feel like has certainly helped me in our other online business of, called Begin Brilliantly, with the school readiness reading program, etc. So, ladies and gentlemen, that is where we are at at the moment. We are busy building that online business because our ultimate goal, of course, is to not be in that awful financial position I have been in over and, over and over again. You know I'm not, I'm no longer going to be the mouse in the spinning wheel where it's just, you know, life is repeating itself on rinse and repeat.
Speaker 1:The other thing about doing this is that there's a huge difference in what you're currently doing with the ABC to BCE tutoring centers versus digital products. Right, Digital products have the ability to not have as many overheads. They're so much more cost effective. There's that element of being able to constantly resell it and update versions of it. As you know, more knowledge comes to to light. There's the ability for you to also teach other teachers how they can use digital marketing to run their own programs. Like it's just so limitless. And right now, in the physical sense of the abc to bc tutoring centers, you're only limited. You're you're limited by a physical presence. You you can only fit so many students in your center. You can only give up so many hours of your day to actually do the tutoring Correct. With this other business, there's just so much more opportunity and it's super exciting to see all of your knowledge actually come to life that can be shared, not just within, like this small western suburb hub that you're in at the moment.
Speaker 1:You've got big dreams to share that with the wider community, the state Australia. This can be applied worldwide, right Yep?
Speaker 2:absolutely Especially. You know it's teaching English, it's teaching the sounds of English, which could literally go to non-English speaking countries. Yeah, obviously that's the worldwide dream, for sure that the World Wide Web has available for us the World Wide.
Speaker 2:Web Dub dub dub. I heard that the other day, this is our address, dub dub dub. And I'm like is this is our address? Dub dub dub. And I'm like, is this another shortening phrase? Like you know, no, not skibbity, what's? My youngest daughter shortens everything. Um, when she says jokingly sometimes to me, have you? Instead of saying have you got dementia, she goes, have you got the dementia? Well, that's, that's very expenny. I'm like expenny. So everything is shortened these days. So dub dub dub. Yes, okay, so that brings us to the end of season one. We've got to tell people, well, aren't?
Speaker 1:you aren't you proud mom like this is your first ever series well, I'm proud if people have enjoyed listening to my my blurb your blurb autobiography but audio my word vomit, um.
Speaker 2:No, I feel I feel very good about it because, uh, it's been quite cathartic for me in terms of the most recent relationship, because that's been a very difficult one to um, I guess come to terms with the ending of yeah, um, but I guess I really hope that this experience somebody is sitting there listening going oh, my goodness, if I don't do something, I'm going to end up like Jo when I'm 55.
Speaker 1:Yeah.
Speaker 2:And searching for that next step. And I don't want single mums or mums or anyone realistically to find themselves in a situation where financially they are really they can't make their own life choices because they're bound to work, they're bound to money, they're bound to finances, et cetera. So if I've sparked interest for somebody to change, then hopefully they do change and it works out for them that's the goal, that's the aim.
Speaker 1:Like fire under the bums, yes, so to speak. But if you're someone, particularly a single mum, a mama that would like to be a guest on our podcast to talk about your experiences, of your money journey, financial hardships maybe you've gone through some financial abuse and you would like to come and share your story uh, we would love to have you as a guest, I think anonymously if you like, yeah.
Speaker 1:Anonymously. If you want to send through maybe a paragraph or two your experience, I can definitely get on here and read Be your Voice, share it with the rest of this lovely, lovely community of women who have been listening to us, even since like episode one, which is super exciting, and yeah, we just want to thank everyone that's been on the journey and again, if you are interested in being a guest, we hope you laughed a little bit, maybe peed your pants a little bit I know you did, mom, I always do, I've always the joy of aging all righty.
Speaker 2:Thanks again, guys, thank you thanks for listening to this episode of raising rich. If any of today's episode has resonated with you, we'd love for you to share it with another mama.
Speaker 1:It really helps us to connect with the right women and if you would like to share your story, you can connect with us on facebook, instagram or tiktok just search for richrippleeffect. Is it time for a wine yet?
Speaker 2:oh mom, oh what.