Money isn’t everything, but it could save your life

Money usually isn’t the source of happiness, but it could prevent you from dying.

If one was to rely on the public health system to help them feel better, sometimes I think they would find themselves better off dead. In terms of follow up, support, and care… you need money to pay for all the private specialists to care for you. If you don’t want to wait a million years. If you feel unwell now. The stark difference on whether you have money or not, it is so apparent.

Being a Pharmacy Resident

Someone asked me today, is it worth becoming a pharmacy resident? Well here are some pros and cons.

Pros:

1. Your contract is usually longer than everyone else’s. A residency is usually two years long, so your contract is basically the same.

2. It looks good on your resume that you completed some sort of “qualification” during this time. It can detail that you are sort of well rounded in the different areas of pharmacy, for example we all do a stint in operational pharmacy, surgical, medical, and an elective rotation.

3. You are appointed an “official preceptor” whom you can ask for help whenever you need in each rotation. Usually it’s the same person that id your Team Leader.

4. You get to be involved in a lot more things whether you like it or not, for example you are part of committees, take it in turn to look after quality boards, conduct presentations and can put your hand up for extra training as a resident.

Cons:

1. People might talk behind your back or judge you for getting one of those ‘coveted residency’ positions as they are far fewer than the normal advertised contracted roles.

2. You have to conduct a research project AND it is basically all in your own time as well. So week nights, lunch breaks, weekends, any free time basically. I absolutely detest research after doing my honours project 😰😰😰.

3. The support that you thought you would get wasn’t actually as good as you thought it would be unfortunately.

4. There are so many extra things you have to do as an resident… as mentioned earlier, not only do you have to present in each rotation, you also have to participate in the committees, do assessments during work, get people to do surveys about you… Basically, a lot more on your plate than the average worker.

I am almost mid way through my residency, and in summary… despite stressing so much my hair falls out, I really did get an opportunity to learn so much while doing this residency. My eyes have been open to so many types of medicines and procedures I haven’t heard about before. In my old hospital, I asked so many times if I could learn clinical pharmacy and they always gave me the same excuses, your contract isn’t long enough to train you up. Etc, etc.

And that’s why I stayed back twice this week until 8pm doing ‘residency’ stuff.. since we are in lock down anyways, it didn’t really matter… it’s almodt like I locked myself down haha…

Slow down

A patient of mine told me to, SLOW DOWN. My job gets repetitive after doing the classic antibiotic and pain killers talk for the 100th time during this rotation.

I haven’t realised that I have gone 100 miles per hour, until a person from a non-English speaking country told me to “SLOW DOWN”. And I stopped, I really do go TOO FAST. Maybe due to the workload, partly because I am an inpatient person. I always want to be fast, effective, and try to do everything. But, I realised, what is the point in doing all this? To achieve everything so soon… to work yourself into a sweat trying to bend your head over for someone who really doesn’t care?

My goal from now on, is to slow down, take a deep breath and ask myself, “Why am I rushing”? What for? Am I late? Then I should change my habits and start being early. Am I not going to get things done? Then maybe it’s time to ask for help or see what else can be streamlined, prioritised to be done later.

Life flies by, and then you realised you haven’t even stopped to smell the flower, enjoy the food, make some friendships. What happened to me that all I became was someone so focused on goals, achievements, and I slowly became someone without a soul, perhaps coming off rude, and a loner.

Bucket list for 2021

I have started reading a webtoon all about bucket lists…but I realised I never seem to keep track or remember what I put down…

So my list for the remainder of 2021 is to:

-Take classes to learn a new instrument! Recently I have taken an interest in the Japanese harp-like instrument, the koto…I have enquired about classes.

-Play a new sport! The only sports I play now is Badminton…and I guess when you are super comfortable with a sport, you might not want to try other sports.. well for me anyways. After asking my friends, I found out a colleague who plays table tennis and have contacts/places to play….

Work on my personality, in particular-to treat everyone like a friend. Not a close friend, but like a friend. A recent random encounter with a rude person, made me reflect on what kind of person I am and what others may perceive I am. But, like someone once said, you never know who you are being rude too.

Travel somewhere I’ve never been to before. This one, I kinda have done on my own to Phillip Island and hopefully I will make my way up to the snow this year??

Assertiveness. I am always saying yes, to the point I get angry and grumpy about it. I overthink too much about what others may think of me. I am going to practice saying no, and I’ll start with small steps and saying now to people wanting to steal my weekend shifts 😒😒😒…I need the money too!!!

Be a better friend to my existing friends. Being there for them, spending time to catch up with them, and overall just strengthening existing friendships. Both in Adelaide and Melbourne.

A decision on a house….!! By the end of this year …hoping to either.

1. Have a mortgage and living in a house/apartment in Melbourne / have saved up 100k by end of 2021 for a deposit

2. Investment property in Adelaide

3. Moved out to a bigger place that allows pets/own furniture

I think this is all that comes into mind at 11pm on a Weeknight. Have you made a bucketlist for yourself?

Catch 22 – Research Projects

When you start investigating and looking into doing research, unfortunately you will affect the circumstances that you are in.

Research has not been my strong point or forte unfortunately… I just get overwhelmed, bored, and tired of doing research. Unfortunately, as part of my residency position, I will have to complete a research project. Coming up with a project hasn’t been that difficult, but implementation and designing. Holy shit. So hard..🥲🥲🥲it’s almost been a year, yet I still haven’t been able to even start my project yet. Getting ethics has been a major road block… there are so many hurdles to jump through even before I can even go through to ethics… As a resident, my project has to go through the Education committee before going to the Research Committee, and then finally after they all disseminate my Research Expression of Interest.. then can finally go to the Ethics Committee 🥲🥲🥲🥲🥲🥲 just too hard if you ask me.

It sucks now.. the waiting game before starting the Research.. but I suppose in a years time… maybe I will be pretty happy with where I have ended up? Perhaps I would have finished/close to finishing my research project..

WHO KNOWS

Am I going to make a difference in the world? Maybe not?

I love my project… yet I also hate it with passion. How I long to be a normal employee without all the additional responsibilities, research, and expectations… Yet, I know this is a stepping stone for something greater. Something better. Who knows

Being Environmentally friendly to your money

I was having this thought and discussion this week…about how being environmentally friendly can lead to you saving money in the long run.

It may seems costly at first to invest in environmentally friendly products, but in the long run it can save you money as-well as help save the planet.

For example, instead using disposable forks and knives at restaurants/takeaways, how about bringing your own travel utensils kit?

Then there’s reusable drink bottles that can be refilled time and time again. Everyone also knows about the metal straws, which are also resistant to heat.

Food wraps made from beewax are costly to buy at first but think of the money saved from using disposable clingwrap.

Having reusable calico or strong bags for shopping, so you don’t have to pay for a plastic or paper bag. They also tend to be stronger , more durable and versatile, and bonus some have cute patterns!

Solar panels! Expensive upfront costs, but over time they help power your house and also can earn you money when you produce more electricity than you can use, so it goes into the grid.

Water tanks!!! Most people have water tanks in their gardens (if they have one). It is great for watering plants, cleaning cars, or to be used for flushing toilets in the home. Save money on water! Why not?

Riding a bike for short distances. This equals exercise AND transportation, as well as being fun for some people.

This is all I can think of for now, but I think you get the picture, but being environmentally friendly, you can also satisfy that stingy, money saving person in you 🤣

Feeling Dry

Contrary to the title of this post, Melbourne has been rainy and wintery all week. However, I am dry and dehydrated..I have mouth ulcers in my mouth, my skin is dry and bleeding, and overall I feel unwell. But, I can’t explain why I am unwell. I feel guilty that I feel sick and so so tired.

I am feeling my zest in life is slowly fading. I feel dizzy when I play badminton…I am scared that I will injure myself once again. What are hobbies again? Everything just is hard to concentrate when I feel like I need to continue working

I am aware that I am thinking about work was too much…even on my lunch breaks and at home, I am checking my email constantly. My team leader calls me before and after work…It’s just ongoing and infiltrating my life and it is mostly my fault. I always take on too much and too often, I never learn my lesson but I love the exhilaration of being on so many committees and so many projects. But spare time is no longer mine. Maybe it’s time to take a step back and let others help.

When did I become so bad for asking for help? When did I become so independent? It must be pride, arrogance, and distrust…

Things need to change, I can’t go on like this in fear that I will crash and burn.

2021 House Hunting!

Happy New Year everyone! I can’t believe I haven’t posted ALL YEAR. How lazy of me.. XD

I just completely forgot that I haven’t blogged for awhile, I keep thinking I did…but like a lot of things in my life…I started out strong, then fizzled out, and now restarting. It’s the end result that matters right?

To say this week has been hectic is an understatement and I have slipped. back into some unhealthy habits :(.

My sleep has been so SHIT lately…I put it due to the hot weather (it is summer here), the late night HOON driving that continues to 1-2 am…I don’t even call the cops anymore as it has made ZERO difference. I just am hanging on to the hope that I will be able to move places soon. I was hanging on from moving, because I still hadn’t recieved my drivers license in the mail. LONG STORY SHORT, they never posted it…and I was waiting for over a month for it…it is only when I sent THEM an enquiry to why it was taking so long that I found out that apaprently they fcked. up my photo and didn’t even bother telling me. Apparently I have to go in there to take a photo and they are unable to give me a license without retaking my photo, EVEN THOUGH they were the ones who took my photo. Vic ROADS SUCKS. VIC POLICE SUCKS. and VIC REAL ESTATE Agents SUCK. I sound like an angry person, but I guess I am comparing this to my home town in Adelaide where I haven’t had to deal with these issues. LE SIGH.

Enough WHINGING! Anyways, in other news! It’s decided. I am planning to move in the next few months! Instead of renting this time, I am on the look out for HOUSE TO BUY. When probably can’t afford a proper house yet, but a TOWNHOUSE!! I don’t know why, but I am in love with town houses..! It just feels so quaint, cute, and comfortable to have a 2-storey house that maximises space and utilises space well. I don’t have anything against single storey units, but it’s just something about town houses that make me want to buy one…hahah the one I have my eyes set on has an asking price of $490000 to $520000…which sadly is out of my original budget…BUT hopefully fingers crossed I will be able to sort out finances prior to the auction at the end of the month. I have been talking to banks directly and bypassing the mortgage broker. It just takes TOO LONG with my mortgage broker…I am just going to do more research on my own and from what I can see, it doesn’t make much difference in terms of cost.

I feel like most things can be done on your own, but most people are probably too lazy to make the effort to do it on their own…

I am so excited to get a place!! But first have to jump the hurdle of getting a PRE-APPROVAL first…I don’t have a 20% deposit saved up yet sadly… coz I put some money into shares…and lost some money…

But the longer I rent, the more I am paying for someone else’s mortgage…

I inspected 5 properties today (I am exhausted!) but narrowed it down to 2 properties and one in particular I am hoping to buy. Both have their perks and down falls.

  1. Single story unit.

    Good: More land and garden space. Great for a dog as fenced…seems like they have a dog! As there was a dog kernel. The living room and outside space is really nice! The garage is oversized and can fit more tha one car easily! The house is in a pretty decent suburb and it is hidden at the back of a group of 6 units ((Good and bad thing). Apparently it is near a farm area, so there may be many big trucks driving stock in and out…Also not sure about hayfever?!?! It is also close to work and is safer than the other property..probably higher resell value and rental value.

    Bad: There is only one toielt an it was broken…The doors keep slamming when the windows are open. Saw some cobwebs in the window…The garage was really messy. This has a higher asking price of 50,0000 to 550000. Strata fees are around $800 a year. It can also be a bit hard to find the entrance to this house as it is at the back of a series of units…

2. Two storey town house:

Good: Newer than the single story unit and was quite well kept upon inspection. It looks great for a first house as the garden looks easy to maintain. There are just properties around the area. The BIR in both rooms look more modern and for the MAIN bedroom it has a really neat mini desk inside the WIR. It has a nice bathroom and I especially love the sink in the bathroom. The garden is really nice with a bench for entertaining outside..there was also a BBQ and a Water tank… (I am not sure if these stay if they get sold)? Two sheds and a built in clothes hanger. There are aircons in both rooms and also in the loung room. Strata was abou $300 per quarter ? or was it per year.??!?!

Bad: It is in a ‘bad suburb’ that is known for the lower SES in the past. There is not many schools nearby…There are a lot of migrants in the neighbour hood and people say that there is many burglaries in the past and that it is not safe to go out walking at night on your own. There is less space upstairs…For the same price i could possibly get a three bedroom unit in the same neighbour hood.. I need to check if there are security camers for this place…as I want to feel safe!!!!!!!!

My aunty and uncle who own a few properties already have advised me to drive down to that neighbour hood during night and during the day to see what sort of neighbours and people who live there and to check sound levels…which I will do at some stage.

Other than that, it’s back to the banks to ask if I can loan more money…

Wish me luck.

I will keep you posted!

Adulting is so tiring…after all those inspections, video chatted with aunty and uncle, then 1 hour meeting with a BANK representative… I took a 2 hour nap and ate the rest of the green ice cream for dinner. Covid cases have started up again and there was as local outbreak at the shopping centre I normally go to…so I have been trying not to do groceries there and only go to the one near my work instead…HOWEVER it means I can’t just get groceries that easily anymore :(.


Fingers crossed we will not have to do a lockdown again :(. Masks are mandatory indoors again..but TBH that never changed for me anyways as I work in a hospital.

Take care and stay safe peeps.

Episode Three of Working in Melbourne up!

I haven’t been very consistent with the naming of the podcast .. is it even a podcast? More like a lazy way to diary my life… my sad Iso-life.

Click here for Episode Three!

I promise to write a proper blog post soon! P.S. adulting achievement unlocked! Finally managed to make the skin on my salmon CRISPY!! 😍😍😍

On Sharemarkets

I met up yesterday with a few friends who have also gotten into the sharemarket recently. We shared our resources such as books, podcasts, movies on what we have been using to learn more about the stock market and what we have heard in our ‘research’. We discussed what we should buy, what we have bought, and what we are thinking of selling.

Who would have thought I would have been interested in the stock market 2 years ago? It always seemed ‘too complicated’ for me and seemed like an ‘adult and foreign’, risky and troublesome area to get into. I stuck with safe things like Bank Long-term deposits, saving accounts, and just worked and tried to save as much as I could.

Low risk = Low returns. That’s the way life is, if you don’t take a risk then you are less likely to gain more. Yes, the stock market can be quite volatile… the cost of something can swing depending on what time of the day it is…and it can seem like you are losing Or gaining a lot of money in a short period of time. But the truth is, you aren’t gaining or losing unless you sell the stock. You can keep holding onto a stock in the hopes that it will rise up once again. ..or alternatively you can choose to sell it and lose less than you woudl have if the company takes a downturn and becomes worth next to nothing.

I guess there is always going to be a risk in every you do. I have heard it being said a few times, “It is not about the timing of the market, but the time in the market”. 

You can only start earning when you start investing and building, growing and diversifying. But I think at the same time, you should always have an emergency fund of money to access in case something like a loss of income should occur,

Financial Health Check

I’ve been listening to a bit too many podcasts about money lately…as you can probably tell. I was listening to one particular podcast where someone on the show was making a website based on getting you better deals by allowing you to compare side by side what the different banks were offering in terms of things like term deposits, loans, etc. I can’t believe how much time it saves! So today, post work I have set about moving some money I have been saving up for my future house deposit and put into a 3 month term deposit…I highly doubt I will be able to purchase a house within the next 3 months, so better to maximise the interest I can get while it is in the bank.

I have a second account in which I have some emergency funds that I can use for spending, because I don’t want to lock away all my money in a fixed term deposit. I will use this money for things like unexpected expenses I may incur or for expensive things like specialist appointments… *Sad face*.

I wish I had done this earlier! It takes a lot of time though, trying to sort out your finances. As I also have multiple bank accounts across three different banks and so manyy bank cards…it’s hard to keep track of how much money I actually do have…xD yet great in a way, because unseen and forgotten money means I spend less!! I also have to remember to keep checking up on my stocks and to keep an eye out for good prices..and to remember to keep growing my rather small portfolio.

I still have much to look in terms of the superannuation..I think I will look further into it after I finish up my current contract…as I will have to combine that super with my other super account…somehow…

So many things to think about as an adult…who knew looking at your financial health was so important and took so much time? *sad face* BUT in the end, if you look after your finances, it will look after you in the future. *happy face* (hopefully).

Being in Debt forever :(

Since starting university back in 2009…I have accrued a massive and ever growing student debt… Australia is good in a way, that people with low income can still be able to go to University and to do further study. But, as a kid, no one told me how expensive it would be to finish a course… let alone for someone like me who jumped around doing three different courses over the first 2 years, because how are you supposed to know what you want to do when you are at a ripe age of 18?

While it is great that we can borrow the money for our student debt, but it is a bit depressing to see how much money we owe to the government and the increasing interest that is charged on it.

When I was younger, I did not think much about the debt…but now that I have become more interested in my financial position, I realised I still have this massive 50k unpaid student debt…and each year they are charging another 2k worth of interest….!! *EEK*

But, do I really want to use all my savings to pay for my student debt? Not really…I need that money now…but sadly I foresee that debt is going to be there for the long term. 😦

Was it worth accruing that massive debt for the benefits from studying to become a registered pharmacist? I am not sure really. =s

The Australian government will automatically deduct payments from our salaries once our income reaches a certain threshold…However, until recently, my income has been lower than that amount…I wonder how long until I can be debt free? To be honest, even though I have paid off some of it this year, the interest that keeps getting added to it means that the payments aren’t even touching it :(.

Financially Literate

Lately, I have been doing some adult learning (imo). I have been trying to learn more about money through various podcasts on money. AND BOY is there a lot of things I don’t know… As a young one, I have never been that interested in money and my parents did not teach me much about it, except that it was precious and we didn’t have much. *sad face*

What even is Super?? How does it even work??

Through the last year and a bit, I have encountered terms like Salary Sacrifice, Life Insurance, Bonds, ETFS, mortage brokers, credit scores, and Stocks. I think I’ve grown up a bit now that I have become interested in money, or should I say in the fancy adult word, finance.

Studying in the health sector for 5 years has allowed me to become health literate, maybe a bit too much (those wrong self-diagnoses LOL). I did not understand why some people had poor health literacy and make such bad health decisions (every 1st generation child of a migrant would understand). I have always thought that was sufficient enough to keep me healthy and sustain me through life. However, I have only just realised I am seriously financially illiterate (and many of my friends are too)! I have never really did any check up on my money and just thought putting in the bank and getting a little interest was enough to sustain me for life. LOL.

I have realised, that if you want to look after your finances well, you need to take some time and think about what your saving goals you are aiming for and to make a budget (of some sort). You need to think about where you want to invest your money, because leaving it in the bank, while it is safe, it typically has low interest rates, and hence low returns.

Your super fund is basically your retirement fund, as a young kid in my first job, I always scowled at how money from my pay went into this “SUPER” fund that I couldn’t access until I was like 67. BLEH. What if I didn’t even live to that ripe age? Gimme my money now! Is what I probably thought. But, when I am old and wrinkly, and when I get to receive that money in my fund, hopefully I will be able to thank my younger self for working so damn hard for all those years to build a better retirement future. I don’t really know how supers work, but in my limited understanding I think they use your money and a good company hopefully will use it to invest and grow the super. However, for those with multiple super accounts, they might be paying a whole bunch of fees that they are unaware of.

There is still much to learn about money and finance and surprisingly, it is becoming more interesting and appealing to learn about money. $$

I ask my self, Have I stepped another step towards this holy adulthood? As I sit on a chair wearing my snoopy PJs and thinking about how it would be great to not go to work tomorrow. *Sad face*

Passive Income

As a kid, I have always thought…the only way to make money was to work for it or win the lottery. I didn’t know or even think of all the other possibilities that are out there to make income and I have decided to make this post as a brain storm of the ways I think you could make money in addition to working your ass off for it. Wouldn’t it be nice if you didn’t have to depend on your ability to work for an income and basically I guess is when you can say you are comfortable.

I am going to set this in groups of High Risk- High Return, Low Risk- Low Return, and inbetweens.

High Risk and High Return:

-The stock market and buying volatile shares that can dip up and down, but potentially could make you a lot of money.

-Gambling large amounts of money at Casino.

-Hedge Funds/Start ups

-Signing up for a long and highly invasive Clinical Drug Trial

 

In between:

-Investment Property (depends on the house and location). Could also be doing things like homestay or Air B n B.

-Starting your own small business

-Becoming an social media influencers- Blogger, vlogger, instagrammer… and having a Patreon or Go Fund Me page

 

Low Risk and Low Return

-Investing in safe shares, such as the big banks or supermarket chains and receiving dividend payments periodically.

-Long term deposits in the bank.

-Pokies Machines

-Working a 9-5 day job 😦

-Selling your old shit – Marie Kondo your house!

-Government welfare payments 😦

 

This is all I can think of now…but I am sure I will find out some more and update this when I do!

How to *Think* about buying a house

If you know me in person, I probably would have told you this, I want to work hard so that I can buy my own place and finally get another dog! Childish? Maybe. I’ve been saying this, in addition, telling people I want to travel overseas to London and Europe…which is probably off the cards for the next few months. I’ve said it for a long time and one of the reasons why I haven’t got there yet is because I have procrastinated and not done much research on how to buy a house :(.

I don’t know how other people seem to have got there so fast! Maybe it is because I am picky and because I want to save up as much as I can for that initial deposit and get a decent house… There are so many things to consider! Asides from having to have a stable income to be able to pay the mortgage for the house, you also need a good credit score. It might be also beneficial to get a mortgage broker to help you liaise with mortgage lenders to get you the best rate that you can get.

You also have to research a good place to buy a property and also consider things that are around the property such as which schools that property is zoned for. You might not have kids of your own, but if you ever want to resell, you could get a higher price if you are in the zone of a good school. I think it is important to consider buying a property that will increase in value over time and not depreciate…Otherwise, you might be selling at a loss if you have to ever move for whatever reason 😦

For the type of house, you probably don’t want to invest in an apartment or a one room unit, as they will be difficult to resell later on and you may even lose money in the process. I have also read it is not advisable to purchase a house that hasn’t been built yet! They could end up dodgy or not what you expected… Personally, I don’t want a house that requires a lot of work to be done on it…because with that money I could have gotten a better property for a bit extra that didn’t require so much work. Because I am lazy and I also probably won’t know what I am doing.

There is so much to think about, how did my parents manage to do that? I suppose it was different for them, house prices were lower and they had help from my dad’s parents. I remember when we were house hunting for the house we currently live in. My parents asked me for my opinion of the house and I still remember saying, “I like the tiles in the bathroom, let’s get it”  and we got it. I am still very picky about the bathrooms to this day and YES it will still determine whether I get a particular house or not.

Oh, the joys of adulting. Earning your own money finally, but it never seems enough. It’s more than you ever had, but it STILL isn’t enough to afford a house in this day and age :(. Oh, the joys of millennial life 😦