A brave and beautiful woman..it takes a massive amount of courage to admit that you've gone to being one of the forgotten people..homeless..ive work my entire life and at 61 it can happen..ill health and a loss of employment..and your gone.
Really not, based on her story she was too busy partying and living life and not paying attention to any of the finances. By the time you are 35 you should have several hundred thousands in your savings, several hundred thousands in investments that keep growing and continue to make money so you can cover every situation in life. There is no such thing as "onebad choice" and youre homeless, you should be building multiple safety nets
Your life closely matches my experience with just slight differences. Own my home on 4 acres, bought a new car (2024), no debt, and the wife and I vacation in Hawaii every other year. And yes, life is good. Life is simple but NOT easy..remember..'nuf said...
Where are all her A-list friends now? Did no one have a spare room in their mansions? She might have made mistakes but doesn't deserve to be banished for that.
I signed up for Compass ABC, Free. There’s a link to watch the entire episode and it was worthwhile. Her A-list friends did help and she’s now helping other woman.
Yes the divide between those whom have lives of wealth and extravaganza with those Whose lives are separated working-class for a wage to pay the rent . The only commonality that I can see is the same thing for everyone . To be loved , a great worth more than any other thing in your life .
Yes money buys happiness. All those socialite pictures, EVERYONE has a huge smile on their faces, all due to an excess of money! Like Liz Taylor say's: "Those that say money doesn't buy happiness don't know where to shop!"
Same happened to me....I'm 60 and trying to find a new way. Medical issues and 2 years od recovering made it harder. Thank goodness I will have inheritance when my mother dies. I'm not homeless yet but live month to month. I hope she made it. I hope I do.
Are you waiting on your mother to die? I want my parents to live, live, live. Who is to say that you will outlive your mother? I choose my parents over Their money, and Their belongings. I just want them to live in order to enjoy them further. What a peculiar statement, but I have heard that nonsense before. It reads of selfishness because some people truly are waiting on their family members to die in order to get money to live. 😖
I don’t know. I’ve been married for 28 years and it’s a lot of work as far as I’m concerned. Not glamorous at all. I guess that’s the kind of marriage that dissolves when there’s no money and health issues start to arise.
The message of this story is the importance of having income insurance. You can purchase it through superannuation and it means that if you are unable to work due to illness you have that guarantee of 75% of your income for up to five years. Not enough Australians have it. I’ve been unable to work for the past 18 months and having insurance means that I don’t have to worry about my financial situation while recovering.
And of course this is why women are deciding its best not to have children if they can't afford childcare, because the government doesn't add to your superannuation if you have to stay at home and care for children. It never did. And if you don't have significant superannuation when you are older, you are in trouble.
People make choices in life, and consequences arrive. Its all the sadder when those who had so many more opportunities than most can dream of, still make poor and irresponsible choices. Those of us who spend our entire lives trying to scrape and claw our way out of generational poverty, rarely succeeding, are told to 'pull ourselves up by our bootstraps'. During all those parties, did she never once think to invest in a home somewhere, just in case? I wish her all the best, and truly hope she finds the help she needs, but let this be a lesson for anyone who is currently living the high life. Plan for where you are going to go, when the party ends.
Because people think that family, money, properties are going to last "per secula seculorum" and they rely on their good luck. What they don't know is that good things or situations don't last forever. And even if you live "la vie en rose" there is always an end in our lives, where we will have to face God for our actions here.
Watch the full episode on Compass Series 37. After watching the whole thing, I take my hat off to this woman. She is doing some great stuff for women escaping DV and who are homeless.
I also had a "charmed" ife. What ended up happening is what always happens (life throws things at us that we could not possibly include in our choices and plans). Homeless 12 years now. Grateful for it because I know now how great it is to have basic needs met and to find joy that nothing can buy, nobody can take away. I'm in your corner. You are not alone.❤
My sister was married for 31 years. Worked all her life. Still working. Trusted her husband with the finances. The husband died. She found out there were no savings. Only debt. Lost her house. Now lives in a studio apartment in her 50s. Thank God she is still working and manages to pay her bills. Never rely or trust men with your finances. Always know what is coming in, going out and what is being saved. I worry alot about her. 😞😓
So true. My significant other passed away and I am going thru his stuff. I found out he was barely making it and was going to retire with not much. It broke my heart that he held this secret for so long.
I ask too many questions! Even before the relationship is serious. I'm not asking for your PIN, but I need to know the basics. Just like he would want to know the basics about me. I cannot imagine going into a relationship blind and staying that way throughout the entire relationship. Must be a generational thing.
It’s okay to take pride in moving up in life. Society has levels and it’s okay to want to move up. Notice you never see people bragging and reminiscing over growing up in poverty? It’s not something people are proud of accomplishing.
You couldn't be more wrong. She lost it all but she's still here moving forward. She doesn't look fazed by it where most of us would be on depression, drugs, alcohol.
I didn’t get that from what she said. She enjoyed it though, and most people would. Also, you are only seeing what the video producer decided to include and they are naturally focusing on the dramatic contrast between her former life and what happened later.
Exactly 💯 what her daughter said She generosity enjoying her entertaining company of fun leeches in her financial years As Billie Holidays lyrics spoke .... Money Money Money ....I've got lots friends, When I have no money our friendship ends ....
I’ve known a few very rich people like this. Everyone wants to associate with them when they are wealthy, living in the right area, wearing the right clothes and driving the right car. Once the wealth disappears- the “friends” and partners disappear. It’s all very superficial.
Well for starters her husband’s success was fake in that he didn’t have any networth. It’s like the saying goes, it’s not what you make but what you keep. He spent it all. He was poor but gave the appearance of being rich.
Her husband controlled all of the finances. This is why women should not get married,, because if the spouse takes off. Yare responsible for his debts.
Medical issues and the loss of youth are rough. These can shift your life dramatically. I hope you are happy, healthy and safe today and into the future.
Amen and that is lovely what you said. Lots of bitter people judging on this thread. I struggle but still respect and appreciate those hard working and those who recreate themselves and those who have fallen who do no harm to others.
A friend of mine did the same thing. When things started going south she would come back home to live with her mother then start over again. When her mother passed away she had to get her shit together stay at one job permitly not walk out when things didn't go right. She was also the career college student that came to an end when she didn't start paying back her students loans. The thing is she already have two degrees.
Oh, yes. Everything was very different in those decades. So, so very long ago. Everything was completely different. They didn't have apps to make them smart. We have apps now. We think right. It was so long ago, they were more worried about being eaten by their horses. There was no such thing as fire. Or apps.
Life's a blast when you've got lots of money and with that comes lots of insincere flashy friends, who suddenly forget you're alive when the money runs out and then you're left behind. There's always someone to speak to, when they're selling you things, which is usually rubbish. Such is life here in materialistic Australia.
Hello Glen-Marie, I am so glad that you are no longer homeless and that you had people who supported you (thank you Michael Yabsley and others). I could also have become homeless when, in my 50s, my 23 year marriage collapsed. I too never asked my former husband about money and all our money was in his name only. I can't believe how foolish and trusting I was. I feel very lucky to have purchased a small cottage with my divorce settlement before house values sky rocketed. I could never have afforded to buy a house now. PS You are still a very beautiful, glamorous woman and an inspiration to many.
Most people don’t think about old age. But it will come if you live long enough. When you are young and strong you should prepare for old age. A roof over your head is the first thing you should get for yourself. She had so much luxury but did not secure a house for herself and her child ? I guess its all about priorities.
@@abcaustralia I've just watched the full story from Europe. You don't have to be in Australia. All you have to do is get a free account. Thank you for sharing this lady's story, it's quite a cautionary tale. She's wonderful and I'm happy that she's using what happened to her to advise us younger women.
All these wealthy clients and contacts and yet no real resources. Awareness of the new breed of social housing clients is what the system needs. What are her exit strategies to get back to the lifestyle she knew. Glen Marie can do it if the system had better outcomes not one size fits all.
Glen-Marie Frost is only saying she doesn't own a house, she still has several options; like to stay with wealthy friends or housesit for them, of course. She made this film to advocate for the real homeless women.
You have everything and many possibilities as long as you have your health. Once health problems develop, it starts a long downhill slide no matter who you are. Many of us in our younger years do not take financial planning for our senior years seriously until it is staring at us and then we panic.
There is so much more to this story that isn't being told ! Choices bring consequences good and bad . Sometimes all we can do is choose how to react to our situation and then choose better .
Classic illustration of, it’s not how much you make, it’s how much you keep. Have known several individuals who made high incomes, one of them was a doctor, another went through $13 million over a 20 year period and they ended up dead broke in their old age.
@user-gs3tq6bx2u Not marrying a man who controls the money and then squanders it away is the most important. A solid 40% of men do this. That's why it's so important to educate women on how to take care of themselves.
It is a cautionary tale. You need to save and invest diligently through out your life. Make sure you buy yourself a home 🏠 apartment and have your name on the deed. Save some money 💵 in just your name ,
I’m of that era…….no super…….illness…….homeless…….luckily, a dear friend who owned a holiday apartment in Byron said come and stay here, it’s empty and don’t give us any rent………kindness of a friend saved my life. It gave me the time for healing and gathering myself to go on with my journey. Never underestimate the virtue of Kindness 🕊️🩵🙏🏽
As a currently 63 year old woman who is still working, with retirement looming, and not much to fall back on at all, this terrifies me. The poor woman. Wish the story had been longer to tell us what happened!
Influential career and charming friends doesn't make one a socialite. She was a beautiful woman who managed to climb the social ladder. She ought to have been more aggressive and business savvy!! Sad her halcyon phase is now over. Oscar Wilde did say, Youth is golden.
My heart goes out to you.. There are no friends especially when you are not giving parties or footing the bill. I know because I am 69 years old and in the same situation. Just paying for the basics necessities now…
Poor rich lady. She’s doing ok. Omg my friends are barely getting by after a lifetime of work. I appreciate your honesty. We women all fear being a bag lady.
That’s absolutely devastating, I am well aware of what feelings of desperation can be inspired by Poverty, much worse in old age. I sincerely wish her well.
thank for share your life story that is really good lesson for youth. And everything in life is impermanent as my opinion your brave ma'am. we need to take care our elder and parent.
I'm 63. I see a number of my friends not preparing for possible illness as they age. No one wants to admit that they won't be 20 forever. But one must be realistic at some point and plan for the changes that aging will bring.
@user-gs3tq6bx2u That's how I live and I was in perfect health until age 71, sure I would never lose my health. I used to brag too. It's a shock when you have to face the fact that you aren't the exception to what happens to all of us eventually.
We make mistakes…..financial planning is never taught in schools or colleges…we learn over the years….however when govt taxes us when we are having money, surely a little help from the govt would do….especially when we are sick and unable to earn…
you know who your true friends are when you have nothing to offer the back. im sure over the years she must've called a circle of people her "close friends". but where were they when she needed them the most? this is why it's always good to cut off people now and then and only have a loyal circle of friends
The way sudden health challenges can just take you back to 0 is jusf heartbreaking. I wish her only good things, first step is to wipe your tears and start again. ❤
The 80s was a strange time. I never fell into the style and fashion, never liked it, really. I stick with classic styles. I had a son to raise, so I wasn't into the glamour scene. I built a life and bought a house in the 90s. Lost it all in the recession of 2008. I've never been homeless, but I've been close, and right now, I'm very low income living on SS and praying they don't jack my rent up this year to a price I can't afford. At 73, all my dreaming is over. I'm just in survival mode, and I don't see myself ever coming back from it.
It could happen to anyone at any time I myself right now am homeless you used to never think about it but now we do but for the grace of God that could be me 🙏
as an executive, why didn't she have superannuation? Also, she would have gotten the age pension, I guess she lived above her means as of a certain time and missed change
She mentions in this clip - superannuation wasn't available for women of her generation. And there was no wealth to split when her marriage failed. Her husband had spent it all (he was living a lie and she had no idea). (something else to note, she is of the generation where her husband had to give permission for any bank to lend her money. That's not mentioned here but this was the way then.)
I love that beautiful vintage jewelry! But I am an 80’s girl. Big hair and all. And what a beautiful lady. I would love to know more. I am no where near a jet sitter or have I traveled in circles like her but my life has been similar. So many similarities. And I could understand how she feels. But I know this she’s a survivor. And I’m willing to bet that she’s in a good place and her needs were met. She’s just too cool a lady to end up in a bad situation. Things are difficult at times but they do end up working out. Please let us know what happened. Thank you !
Did she save her money and invest for her retirement or did she blow it all? If so, then I don't have much sympathy. You need to save for your retirement and not expect taxpayers and others to support you.
Save money? Serious I'm an Australian living in Argentina no one saves money 😂 it's getting inflated away Friends and family have told me it's not good in oz but compare to Argentina its paradise.
I got chronic fatigue syndrome for 2 years because I had a big stack of money that I put away due to Frugal Living I was able to survive I'm doing good now always always always if you can have money put away for a rainy day it's one of the best moves you can ever make
She was offered social housing in the end and receives a state pension and her friends helped her a lot. She now does charity work advocating for other women who find themselves homeless.
The TH-cam description underneath the video has a link to the ABC site for the full video. I didn't realize this either until someone else commented about the link. You can watch the video for free, but you have to create a free account with ABC.
Everyone thinks that this can't happened to them but they're wrong! A series of setbacks can truly deplete a person -- particularly later in life. Consider yourself blessed if this isn't you. I hope that she finds resources.
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A brave and beautiful woman..it takes a massive amount of courage to admit that you've gone to being one of the forgotten people..homeless..ive work my entire life and at 61 it can happen..ill health and a loss of employment..and your gone.
Really not, based on her story she was too busy partying and living life and not paying attention to any of the finances. By the time you are 35 you should have several hundred thousands in your savings, several hundred thousands in investments that keep growing and continue to make money so you can cover every situation in life. There is no such thing as "onebad choice" and youre homeless, you should be building multiple safety nets
Me. High school dropout
Laborer all my life. Never did drugs.
House paid off. Retired. Money n the bank. No debt. Life is good.
So
Are we bragging?!🙄
And no divorces, alimonies, residents parasiting in a real estate?
Your life closely matches my experience with just slight differences. Own my home on 4 acres, bought a new car (2024), no debt, and the wife and I vacation in Hawaii every other year. And yes, life is good. Life is simple but NOT easy..remember..'nuf said...
I can definitely relate! Especially about having money in the bank! It's such a great and secure feeling! 😁😁😁😁
Where are all her A-list friends now? Did no one have a spare room in their mansions? She might have made mistakes but doesn't deserve to be banished for that.
I signed up for Compass ABC, Free. There’s a link to watch the entire episode and it was worthwhile. Her A-list friends did help and she’s now helping other woman.
Come on now, Wisdom should tell you how that goes
They did help her. The whole story is on compass
I am 61. This is negative but but what I have learned is the people I think of as friends and family are really not there for you.
Exactly! Guess they weren't true friends at all
That's so sad. My mother always said, "Make something of yourself. Don't rely on a man." I'm so glad I took her advice!
Mine too
My dad used to tell me the same thing. I was an only child. ❤️
True true
A man is not a plan! 💯
I made something of myself with the help of a good, solid man. I am alright , living in old home because of him, I think of him 24/7.
Atleast she had luxury and fun. Some of us never had a really chance and lived in sickness and poverty all our lifes
True
So very true
Yes the divide between those whom have lives of wealth and extravaganza with those
Whose lives are separated working-class for a wage to pay the rent .
The only commonality that I can see is the same thing for everyone .
To be loved , a great worth more than any other thing in your life .
Welcome to life.
Yes money buys happiness. All those socialite pictures, EVERYONE has a huge smile on their faces, all due to an excess of money! Like Liz Taylor say's: "Those that say money doesn't buy happiness don't know where to shop!"
Same happened to me....I'm 60 and trying to find a new way. Medical issues and 2 years od recovering made it harder. Thank goodness I will have inheritance when my mother dies. I'm not homeless yet but live month to month. I hope she made it. I hope I do.
Hugs Diana❤
Thank you for sharing. You will make it
I hope that your mother makes it
Are you waiting on your mother to die? I want my parents to live, live, live. Who is to say that you will outlive your mother? I choose my parents over Their money, and Their belongings. I just want them to live in order to enjoy them further. What a peculiar statement, but I have heard that nonsense before. It reads of selfishness because some people truly are waiting on their family members to die in order to get money to live. 😖
Congrats that is a remarkable feat to achieve ❤❤❤❤❤
What the hell is a "glamorous marriage", and who the hell would want one.
Brava ottima osservazione😊😊😊
Good question
😂
It's the opposite of a Bogan marriage.
I don’t know. I’ve been married for 28 years and it’s a lot of work as far as I’m concerned. Not glamorous at all. I guess that’s the kind of marriage that dissolves when there’s no money and health issues start to arise.
Worked hard, lost my business, starting over. It isn’t easy.
Keep going. Once a business person always a business person. You’ll rise again.
Its the worst experience
I think you start over many times in life. You can never give up.
Kudos to YOU!!! ❤❤
You can do it! I believe in you. 😄
Ladies please put money away for yourselves. Less spending and more saving.
that is not the Australian way or the American way or the worlds way. spend, spend , spend till it hurts.
that is true for all.
Yep 💯
Buy your house/apartment, no matter how small it is.
Amen.
I did not see that she was homeless, I only saw that she was in a beautiful house.
Ì think she was homeless earlier. It seems she ended up having some kind of home.
exactly!
That's your conclusion?
You can see the full ep. if you click on More in the description. The link is there.
It wasn't the whole story..she got out of her homelessness
The message of this story is the importance of having income insurance. You can purchase it through superannuation and it means that if you are unable to work due to illness you have that guarantee of 75% of your income for up to five years. Not enough Australians have it. I’ve been unable to work for the past 18 months and having insurance means that I don’t have to worry about my financial situation while recovering.
I'll be sorting mine out tomorrow
And of course this is why women are deciding its best not to have children if they can't afford childcare, because the government doesn't add to your superannuation if you have to stay at home and care for children. It never did. And if you don't have significant superannuation when you are older, you are in trouble.
Us doesn’t have income insurance
Superannuation wasn't available for women of her generation (she mentions that in this story).
What if you are unemployed?
People make choices in life, and consequences arrive. Its all the sadder when those who had so many more opportunities than most can dream of, still make poor and irresponsible choices. Those of us who spend our entire lives trying to scrape and claw our way out of generational poverty, rarely succeeding, are told to 'pull ourselves up by our bootstraps'. During all those parties, did she never once think to invest in a home somewhere, just in case? I wish her all the best, and truly hope she finds the help she needs, but let this be a lesson for anyone who is currently living the high life. Plan for where you are going to go, when the party ends.
I agree 1000%.
The party will end one day, then reality will set in.
Wise words
Because people think that family, money, properties are going to last "per secula seculorum" and they rely on their good luck. What they don't know is that good things or situations don't last forever. And even if you live "la vie en rose" there is always an end in our lives, where we will have to face God for our actions here.
I couldn't have said it better
This is why financial literacy is so important. It doesn’t matter how much money you have if you don’t know how to use it.
Watch the full episode on Compass Series 37. After watching the whole thing, I take my hat off to this woman. She is doing some great stuff for women escaping DV and who are homeless.
Thanks for info
I also had a "charmed" ife. What ended up happening is what always happens (life throws things at us that we could not possibly include in our choices and plans).
Homeless 12 years now. Grateful for it because I know now how great it is to have basic needs met and to find joy that nothing can buy, nobody can take away.
I'm in your corner. You are not alone.❤
Everyone, especially women, starting in middle school, need to be taught financial responsibility.
A reminder to us all to be kind to one another. Homelessness can happen to ANYONE.
My sister was married for 31 years. Worked all her life. Still working. Trusted her husband with the finances. The husband died. She found out there were no savings. Only debt. Lost her house. Now lives in a studio apartment in her 50s. Thank God she is still working and manages to pay her bills. Never rely or trust men with your finances. Always know what is coming in, going out and what is being saved. I worry alot about her. 😞😓
So true. My significant other passed away and I am going thru his stuff. I found out he was barely making it and was going to retire with not much. It broke my heart that he held this secret for so long.
So sorry for your sister! 🥺 That is one valuable lesson for us all! Thank you for sharing.
Life insurance make sure your hubby has it!!
That's a timely warning to others, it's not easy out there. Superannuation can be quite low too.
I ask too many questions! Even before the relationship is serious. I'm not asking for your PIN, but I need to know the basics. Just like he would want to know the basics about me. I cannot imagine going into a relationship blind and staying that way throughout the entire relationship. Must be a generational thing.
Frosty thankyou for speaking up..this is a good reminder to all us Ladies❤
And men don't forget,we exist as well.
Reminder of what? She worked and was self-sufficient....
The video is incomplete.
Right, where is Part Two of this story? How is she today?
They want you to go to the other site, but then you have to accept "Cookies". lol It's a no from me.
Yes somewhat frustrating
If you're in Australia you can watch the full story from Compass on ABC iview: iview.abc.net.au/video/RN2211H001S00
@abcaustralia can you upload it on your channel?
Young women of today need to see this.
Young women of today will be this!
Yes! 👌Way too much living for the moment, no concept of the future
Preach!
Yes, big time
She seems to believe that the value of her life depends on how famous were the people that she met.
It's all pretty sad actually.
It’s okay to take pride in moving up in life. Society has levels and it’s okay to want to move up. Notice you never see people bragging and reminiscing over growing up in poverty? It’s not something people are proud of accomplishing.
Exactly!
You couldn't be more wrong. She lost it all but she's still here moving forward. She doesn't look fazed by it where most of us would be on depression, drugs, alcohol.
I didn’t get that from what she said. She enjoyed it though, and most people would. Also, you are only seeing what the video producer decided to include and they are naturally focusing on the dramatic contrast between her former life and what happened later.
She needs to publish her book about her glorious glamour and her downfall it only takes one book to have a comfortable life.
So true 👏👏
Whoever told you that?! Most people hardly make anything from publishing a book or even many!
@@elisemiller13 Exactly! I know someone who worked on a book for near a decade and nothing came of it after it being published.
@@elisemiller13 HER book would most likely sell lots of copies because it would mention a lot of high profile people.
Exactly 💯 what her daughter said
She generosity enjoying her entertaining company of fun leeches in her financial years
As Billie Holidays lyrics spoke ....
Money Money Money ....I've got lots friends,
When I have no money our friendship ends ....
Shame you didn’t follow this report through to how she is living today. Half the story is pointless.
Stream the full story It Can Happen to Anyone on ABC iview iview.abc.net.au/video/RN2211...
@@abcaustralia terrific thank you I will.
I looked on iview and unfortunately couldn’t find it!
@@abcaustralia
Has it been removed ?
I cannot find it
@@1Kaileegirl I just finished watching it.
I’ve known a few very rich people like this. Everyone wants to associate with them when they are wealthy, living in the right area, wearing the right clothes and driving the right car. Once the wealth disappears- the “friends” and partners disappear. It’s all very superficial.
I can understand that, but this lady was helped by a rich mate in the longer version (30min) of this video.
A glamorous lifestyle, successful husband and personal career yet did not buy property when it was relatively affordable? Why???
Well for starters her husband’s success was fake in that he didn’t have any networth. It’s like the saying goes, it’s not what you make but what you keep. He spent it all. He was poor but gave the appearance of being rich.
save, invest…..stop spending
Her husband controlled all of the finances. This is why women should not get married,, because if the spouse takes off. Yare responsible for his debts.
@@goldenparachute392 Yes, my father always said, “You don’t know how much they have borrowed.”
Medical issues and the loss of youth are rough. These can shift your life dramatically. I hope you are happy, healthy and safe today and into the future.
Amen and that is lovely what you said. Lots of bitter people judging on this thread. I struggle but still respect and appreciate those hard working and those who recreate themselves and those who have fallen who do no harm to others.
In Australia one very thing is missing: a close friend who helps. They are all just socialites for temporary joy.
Agree 1000%
Not just Australia , it’s everywhere.
Her wealthy friends did help her, you have to watch the full episode.
Another commenter said she got help from many friends. And one in particular had a cottage where she could stay for 4 yrs and get back on her feet
yeah same here in the US
People back in the 70's, 80's and even 90's thought the party would never end, no reason to save or plan for old age.
A friend of mine did the same thing. When things started going south she would come back home to live with her mother then start over again. When her mother passed away she had to get her shit together stay at one job permitly not walk out when things didn't go right. She was also the career college student that came to an end when she didn't start paying back her students loans. The thing is she already have two degrees.
"Live fast, Die Young" was the motto. They never thought they'd grow old.
Oh, yes. Everything was very different in those decades. So, so very long ago. Everything was completely different. They didn't have apps to make them smart. We have apps now. We think right. It was so long ago, they were more worried about being eaten by their horses. There was no such thing as fire. Or apps.
Life's a blast when you've got lots of money and with that comes lots of insincere flashy friends, who suddenly forget you're alive when the money runs out and then you're left behind. There's always someone to speak to, when they're selling you things, which is usually rubbish. Such is life here in materialistic Australia.
I'd say it's pretty similar the world-over. Not just Australia.
Same here in the USA
Lesson: Always save for a rainy day and retirement. Don’t be foolish, $10 a day adds up to a million at retirement. Atomic habits.
No, it doesn't. 47(65-18) years*365 is only 17155 days. x10 is only $171,155. Need to invest more.
Yes, it only takes 273 years. Good advice.
Hundred thousand at best.
And don't marry a man who controls the money and then squanders it away. A lot of men do this.
Anyone can become homeless. ANYONE.
I guess she never thought so or she might have put something aside fo herself
Not anyone. Lol
For me to become homeless, the world would pretty much have to end. Which is always possible I guess.
Spending without saving is always a mistake
I thought i vwas investing ok...but got scammed...still my fault
Hand-to-mouth living make saving money for a rainy day a hard thing to do .
Hello Glen-Marie, I am so glad that you are no longer homeless and that you had people who supported you (thank you Michael Yabsley and others). I could also have become homeless when, in my 50s, my 23 year marriage collapsed. I too never asked my former husband about money and all our money was in his name only. I can't believe how foolish and trusting I was. I feel very lucky to have purchased a small cottage with my divorce settlement before house values sky rocketed. I could never have afforded to buy a house now. PS You are still a very beautiful, glamorous woman and an inspiration to many.
Most people don’t think about old age. But it will come if you live long enough. When you are young and strong you should prepare for old age. A roof over your head is the first thing you should get for yourself. She had so much luxury but did not secure a house for herself and her child ? I guess its all about priorities.
I tried purchasing a house I keep getting outbid...
So I own stocks and other assets
It's not easy getting a house there designated for the elite.
Yes, unfortunately this has become truth now
I think she had one with her husband...but he went into debt...there was nothing left when they divorsed
What was the point in that story… what’s the ending
If you're in Australia you can watch the full story from Compass on ABC iview: iview.abc.net.au/video/RN2211H001S00
@@abcaustraliaso since I am in Norway I just see half the interwiev...
@@abcaustraliaWell, I’m not in Australia. So?
Do we have to in Australia????
@@abcaustralia I've just watched the full story from Europe. You don't have to be in Australia. All you have to do is get a free account. Thank you for sharing this lady's story, it's quite a cautionary tale. She's wonderful and I'm happy that she's using what happened to her to advise us younger women.
Best advice: write your memoirs….
There’s gold in those pages…..
Exactly
She looks amazing. Your health is your wealth through this journey in our lives. I wish her all the best. What a beauty she is.
It just shows that it can happen to anyone. I find it irritating when people criticize homeless people, they just have no idea.
All these wealthy clients and contacts and yet no real resources.
Awareness of the new breed of social housing clients is what the system needs.
What are her exit strategies to get back to the lifestyle she knew.
Glen Marie can do it if the system had better outcomes not one size fits all.
A courageous woman!
I don't see that.
Glen-Marie Frost is only saying she doesn't own a house, she still has several options; like to stay with wealthy friends or housesit for them, of course. She made this film to advocate for the real homeless women.
You have everything and many possibilities as long as you have your health. Once health problems develop, it starts a long downhill slide no matter who you are.
Many of us in our younger years do not take financial planning for our senior years seriously until it is staring at us and then we panic.
I don’t feel bad for people who lived a frivolous lifestyle and then end up broke… she had ample opportunity to save…
Exactly. Boohoo right
I agree.
Have a bit of understanding and compassion
Some people refuse to believe the party will end. But they always do.
This is the greatest fear most of us women who have been divorced. That we would end up on the street as bag ladies.....
Why rely on a man to provide for your life?
I'm not trying to be mean but it's too bad she couldn't sell some of her furnishings, jewelry & mementos & move into a flat.
There is so much more to this story that isn't being told ! Choices bring consequences good and bad . Sometimes all we can do is choose how to react to our situation and then choose better .
People back then were so clueless about finances just as most people are today.
In the 80s you could afford to live…Now, all you can do is exist
yep
Yeah-huh, most people bartered for what they got back then.
Classic illustration of, it’s not how much you make, it’s how much you keep. Have known several individuals who made high incomes, one of them was a doctor, another went through $13 million over a 20 year period and they ended up dead broke in their old age.
Yikes...some of just make terrible deccessions
@user-gs3tq6bx2u Not marrying a man who controls the money and then squanders it away is the most important. A solid 40% of men do this. That's why it's so important to educate women on how to take care of themselves.
It is a cautionary tale. You need to save and invest diligently through out your life. Make sure you buy yourself a home 🏠 apartment and have your name on the deed. Save some money 💵 in just your name ,
It's impossible to afford to buy a home for most in the current generations, have you looked at the market?!
You can't save too much money nowadays. It's stocks and assets.
Everyone here has nugget of wisdom, and I'm here soaking it up!
I’m of that era…….no super…….illness…….homeless…….luckily, a dear friend who owned a holiday apartment in Byron said come and stay here, it’s empty and don’t give us any rent………kindness of a friend saved my life. It gave me the time for healing and gathering myself to go on with my journey. Never underestimate the virtue of Kindness 🕊️🩵🙏🏽
Some family and friends she had! I can understand how this happens when you're connected to people that have it all!
How tough is it to be homeless if you have lots of friends to help you out financially and emotionally?
I don't think they were friends,,, just around for good times
I think the cost of living in certain areas in Australia is quite expensive
Same for densely urban areas in the United States .💲💲💲💲
As a currently 63 year old woman who is still working, with retirement looming, and not much to fall back on at all, this terrifies me. The poor woman. Wish the story had been longer to tell us what happened!
To all the people commenting that the video is incomplete - READ 👏THE 👏DESCRIPTION👏 (hint - there's a link to the full video)
The link isn’t available though
@@kathyh4804 Hi there - If you're in Australia you can watch the full story from Compass on ABC iview: iview.abc.net.au/video/RN2211H001S00
I heard something years ago that made me laugh. “ money talks….it says goodbye. “
😂
Some people never graduate from high school and then it bites them in the butt. Cool kids mentality.
She's so fabulous and such a babe. Hope she gets back on her feet soon❤
She has.
Influential career and charming friends doesn't make one a socialite. She was a beautiful woman who managed to climb the social ladder. She ought to have been more aggressive and business savvy!! Sad her halcyon phase is now over. Oscar Wilde did say, Youth is golden.
Nice though that she found beautiful surroundings to film this, instead of actually in a back alley. Hope that she has a place to stay.
My heart goes out to you.. There are no friends especially when you are not giving parties or footing the bill. I know because I am 69 years old and in the same situation. Just paying for the basics necessities now…
Poor rich lady. She’s doing ok. Omg my friends are barely getting by after a lifetime of work. I appreciate your honesty. We women all fear being a bag lady.
She’s living in the past… Sad.
If you'd watched the full documentary you'd learn that she isn't, far from it.
She us talking about her past ...not really the same...she helps others in the gris of homelessness now
Nuh-uh . She is just remembering the good old days .
Empty living. Nothing to show for it.
I am about her age,, single mother for the past 21years and now own my home and still working.
That’s absolutely devastating, I am well aware of what feelings of desperation can be inspired by Poverty, much worse in old age. I sincerely wish her well.
People don't plan to fail, they fail to plan.
I tried and tried to plan...but had many health issues...and then just kept making bad decisions...not sure why...asking a couseler now
That not necessarily so all the time " The best laid schemes of mice and men often go awry " . . . Robert Burns .
That's how I'm seeing it .
So brave of her to tell her story. She will save a lot of young ladies from making the same mistakes. ❤
thank for share your life story that is really good lesson for youth. And everything in life is impermanent as my opinion your brave ma'am. we need to take care our elder and parent.
"Don't hang your hat where you cant reach it"
Amen to that 🙏
I haven't heard that before. Well said.
Thank you for being so honest god bless 🙏🙏
wow what an amazing strong elegant woman . i hope she finds support .
I'm 63. I see a number of my friends not preparing for possible illness as they age. No one wants to admit that they won't be 20 forever. But one must be realistic at some point and plan for the changes that aging will bring.
@user-gs3tq6bx2u That's how I live and I was in perfect health until age 71, sure I would never lose my health. I used to brag too. It's a shock when you have to face the fact that you aren't the exception to what happens to all of us eventually.
We make mistakes…..financial planning is never taught in schools or colleges…we learn over the years….however when govt taxes us when we are having money, surely a little help from the govt would do….especially when we are sick and unable to earn…
THANK YOU💚🫂✌️👍
you know who your true friends are when you have nothing to offer the back. im sure over the years she must've called a circle of people her "close friends". but where were they when she needed them the most? this is why it's always good to cut off people now and then and only have a loyal circle of friends
The way sudden health challenges can just take you back to 0 is jusf heartbreaking. I wish her only good things, first step is to wipe your tears and start again. ❤
she had a good time [more than most]
The 80s was a strange time. I never fell into the style and fashion, never liked it, really. I stick with classic styles. I had a son to raise, so I wasn't into the glamour scene. I built a life and bought a house in the 90s. Lost it all in the recession of 2008. I've never been homeless, but I've been close, and right now, I'm very low income living on SS and praying they don't jack my rent up this year to a price I can't afford. At 73, all my dreaming is over. I'm just in survival mode, and I don't see myself ever coming back from it.
The 2008 GFC was brought about by the same crass greediness that was rife in the 80s. I'm sorry you dodged one bullet only to be struck by another.
Just goes to show you that missfortune can happen to anyone in this life, and I myself has not been spared unfortunately.
Important thing is that she doesn't seem bitter. Even when she fell from the greatest of heights she was upset, yes, but not angry.
If you're in Australia you can watch the full story from Compass on ABC iview: iview.abc.net.au/video/RN2211H001S00
It could happen to anyone at any time I myself right now am homeless you used to never think about it but now we do but for the grace of God that could be me 🙏
Life is tough: it is all about the decisions.
5:02 well done on the edit staying on that shot of her as she reflects and the story shifts.
Ageism - alive and active
as an executive, why didn't she have superannuation? Also, she would have gotten the age pension, I guess she lived above her means as of a certain time and missed change
She mentions in this clip - superannuation wasn't available for women of her generation. And there was no wealth to split when her marriage failed. Her husband had spent it all (he was living a lie and she had no idea).
(something else to note, she is of the generation where her husband had to give permission for any bank to lend her money. That's not mentioned here but this was the way then.)
I hope she recovers. I know the feeling down and out.
Am I supposed to have sympathy for this person who never planned for her future?
I didn't get a sense that she's seeking sympathy. Maybe I am I wrong
Not sympathy, she doesn't need from you. But for yourself and your soul, it would be a good sign if you could feel a degree of empathy.
I love that beautiful vintage jewelry! But I am an 80’s girl. Big hair and all. And what a beautiful lady. I would love to know more. I am no where near a jet sitter or have I traveled in circles like her but my life has been similar. So many similarities. And I could understand how she feels. But I know this she’s a survivor. And I’m willing to bet that she’s in a good place and her needs were met. She’s just too cool a lady to end up in a bad situation. Things are difficult at times but they do end up working out. Please let us know what happened. Thank you !
Always plan for the worst, if it doesn’t happen you will at least have extra money.
🎯
Did she save her money and invest for her retirement or did she blow it all? If so, then I don't have much sympathy. You need to save for your retirement and not expect taxpayers and others to support you.
Save money? Serious I'm an Australian living in Argentina no one saves money 😂 it's getting inflated away
Friends and family have told me it's not good in oz but compare to Argentina its paradise.
She’s right about ageism, that’s for sure.
I got chronic fatigue syndrome for 2 years because I had a big stack of money that I put away due to Frugal Living I was able to survive I'm doing good now always always always if you can have money put away for a rainy day it's one of the best moves you can ever make
She was offered social housing in the end and receives a state pension and her friends helped her a lot. She now does charity work advocating for other women who find themselves homeless.
can't find the second part of the story, the homeless part, is there a part two?
iview
The TH-cam description underneath the video has a link to the ABC site for the full video. I didn't realize this either until someone else commented about the link. You can watch the video for free, but you have to create a free account with ABC.
There is a movie about same topic called Blue Jasmine with Cate Blanchett.
Everyone thinks that this can't happened to them but they're wrong! A series of setbacks can truly deplete a person -- particularly later in life. Consider yourself blessed if this isn't you. I hope that she finds resources.