I Was a Broke Single Mum with Bad Credit… Now I Own a Home and Invest
4/5/202649 min
What happens when you hit rock bottom with money… and decide to completely turn your life around?
In this week’s Money Diary, we meet a She’s on the Money community member who left home at just 16, became a young single mum, and found herself living below the poverty line with no financial literacy, mounting debt and her power literally being cut off.
Fast forward to today… she’s built a career in banking, earns $95,000 a year, owns her home, has repaired her credit score and is now investing for her future.
This is a story about resilience, rebuilding and what it really looks like to go from financial chaos to financial confidence.
Plus, we talk budgeting, credit cards, investing strategies and how to take control of your money even when you feel completely overwhelmed.
If you’ve ever felt behind, ashamed of your money situation, or unsure where to start… this episode will remind you that it’s never too late to turn things around.
SORT YOUR INSURANCE: A big thank you to our partner Skye Wealth for bringing this episode to life. If you're ready to get your insurances sorted, you can learn more about them here.We have a long standing referral partnership with Skye Wealth and only ever partner with people we trust.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 4451289
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First 90 secondsNatasha Bamblett· Soundbite0:00
My name's Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country. Tiwka lilyan ganyar. Ngayarak akaka yau yambena waka. Ngayarak kayi yambena yakarrumja. Dumami-ya gumika dumika ethu waka nirrawaman daman emalan. Mumubayng kara boma enyanha waka kaana yakarrumja. Wutu-naratanah. 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.
Victoria Devine· Host0:44
She's on.
Speaker 20:46
The.
Speaker 3· Guest0:46
Money.
Victoria Devine· Host0:46
She's on the money. [laughs] [laughs] 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 all about their journey. Let's jump straight in because this week I got a message, and it sounded exactly like this. "Hi, She's On The Money. Leaving home at 16, I was financially illiterate, ruined my credit due to ADHD, and struggled below the poverty line as a young single mum. I had to lock in. I built a career in banking and saved aggressively to buy