# The Budget Strategy That Changed Everything | Alix & Luke | CHANGING LIVES | Season 3 Ep50

An episode of [Money Mentor Podcast™](https://invisiblenetwork.ai/podcast/1632604767), 8 Dec 2025, 1 h 17 min.

Audio: https://episode.flightcast.com/hg5m5ulu6ol04vdcqcui8m5c.mp3

Alix and Luke open up about their journey from city living to returning to their small hometown, raising three kids while slowly and steadily rebuilding their financial foundation. Their path included buying a home, taking on multiple mortgages, and learning to manage their money with more intention. Initially sceptical of financial coaching, they began applying strategies from various resources and programs, which helped them adopt a structured budget and make smarter decisions around debt and investing. Their disciplined approach allowed them to pay down debt, improve their financial stability, and grow their investment position. Now, they’re planning future renovations, exploring more investment opportunities, and continuing to follow the framework that helped them get ahead. Their story shows how small, consistent steps backed by good financial guidance can create long-term security, even for a busy family balancing life in a country town. 👉 Follow the link https://bit.ly/43V2jKN to watch the free webinar and start your journey to financial freedom now!

## Transcript

[0:00] So, yep, there was tears and then there was laughter and then I was like trying to, obviously we had the booklet.
[0:06] But the thing that probably got me the most, which I was mad at myself for not knowing this sooner, was when you gave us the ability to use that interest calculator.
[0:16] It's a direct comparison of what you're doing.
[0:18] And it's your own figures.
[0:20] I don't change the interest rate.
[0:21] Money is the root of all evil.
[0:23] The fucking lack of it is.
[0:24] Not money, the lack of understanding money.
[0:27] When I put that into emphasis, when I realized that psychological effect and how it hit our family, I have to be in the fucking way.
[0:33] You are now watching the Money Mentor Podcast with Graham Homme.
[0:37] Graham Homme.
[0:37] Graham Homme.
[0:38] Graham Homme.
[0:38] Show me that.
[0:43] Welcome back to another episode of the Money Mentor and the Changing Lives Financially series.
[0:47] Two lovely guests today, we have Alex and Luke.
[0:50] How are we?
[0:51] Good, thank you.
[0:51] I know you're all quiet and prim and proper.
[0:54] I really got giggles a minute ago.
[0:55] We all got the giggles before we started, but anyway, no, I did.
[0:59] So guys, tell everyone at home a bit of background, who you are, where you're from, how old you are, any kids, all that sort of jazz.
[1:06] Yep.
[1:06] So I'm 40 years old.
[1:09] We've got three beautiful little kids.
[1:11] I'm from Central West New South Wales in the Riverina area.
[1:16] Yep, so I'm 33.
[1:19] We live here in a rural little country town.
[1:22] Three kids, yep, nine, six and two.
[1:25] Little rat bag.
[1:27] Yeah.
[1:27] I like debating with little mini sassy versions of yourself all the time.
[1:31] Worse.
[1:32] Yeah, it's so much worse.
[1:34] Bec and I have this...
[1:35] It's hard work.
[1:35] Because we're like, okay, like I'm nine kilos down there.
[1:38] Like, here we go, we're on, right?
[1:39] Yeah.
[1:39] Next year, a bit healthier.
[1:41] We're just changing homes and everything again as I do every three minutes.
[1:48] we're gonna have, I think three now, and she's like, what are you talking about?
[1:50] I'm like, because we're absolutely gonna have twins, because it runs in both families.
[1:54] So we're gonna have twins.
[1:55] And she's like, yeah, one and done, happy days.
[1:57] And I'm like, I reckon girls.
[1:59] And she's like, fuck no.
[2:01] She's like, I had, she's like boy dad energy, like sporty mama.
[2:05] And I'm like, girl dad energy, you know what I mean?
[2:07] She's like, boys, twin boys, we're gonna call them Max and Power.
[2:11] And I'm like, okay, they're gonna be freckly ginger little psychos.
[2:15] definitely have your twins first because you won't know any different yeah then i keep kind of like
[2:19] What about a third one?
[2:20] And she's like, fuck no, I will not be outnumbered.
[2:22] She's like, I have to negotiate with you every day.
[2:25] I do not want to be outnumbered.
[2:27] Yeah, look, our third's wild.
[2:31] Really?
[2:31] He's testing.
[2:32] He's very testing.
[2:33] He's a good boy, but he's Dennis.
[2:35] Like we've literally everyone in the town knows him as Dennis the Menace.
[2:37] He could have his own YouTube channel.
[2:39] He makes really good content.
[2:41] So, and he's always, always naked.
[2:46] In the main street of town?
[2:46] No, just at home.
[2:48] Just at home.
[2:49] The choice he would be.
[2:49] Yeah, yeah.
[2:50] Hates clothes.
[2:51] All right.
[2:51] Yeah.
[2:52] Okay, so small country town, three beautiful kids.
[2:57] So tell us how and when and why did you find him?
[3:02] Who found Infinity?
[3:03] Both on board, one of the sceptics.
[3:05] What was his name?
[3:06] Yeah, so we like to say in the car, I'm the driver.
[3:09] He's in the passenger side.
[3:10] Smart husband.
[3:12] Yes.
[3:13] Does what he's done.
[3:14] As we all do.
[3:17] Well, we, I should say, we brought our first home.
[3:20] We were living in Kudji and we moved back home.
[3:22] Okay.
[3:22] And we brought our first house in.
[3:23] Oh, dear darling.
[3:24] Yes, I know.
[3:25] If only we could stay, but we can't afford it.
[3:27] It's a wanky.
[3:27] Yeah, it's not in the budget either.
[3:29] It's expensive.
[3:30] Three kids in Kudji, too.
[3:31] Well, this was pre-kid life, which we probably didn't enjoy that enough.
[3:37] We didn't know what we were in for.
[3:38] But we moved home to our little country town.
[3:41] There was only 7,000 people, but our families are there.
[3:45] So we brought our first home in 2014, which was just a little 1970s three-bedroom.
[3:50] Because we were young then.
[3:51] Yeah, yeah, 2022, yeah, whatever that works out to be.
[3:56] Yep, about that.
[3:58] Yeah, so we brought that first, welcomed our first child home in 2016 there.
[4:05] Welcomed our second child home there actually, but in the meantime, we had bought a block and we're doing like a house and land package.
[4:11] Typical, typical first home.
[4:14] People, we kept our old house as an investment.
[4:17] Okay.
[4:19] Did what most Aussie families do.
[4:21] So moved back to the country town, bought your first home, then bought a block of land, building a new home.
[4:27] Yep.
[4:27] Moved into it.
[4:28] Kept the old one.
[4:29] Yep.
[4:30] Both in the small country town.
[4:31] Yep.
[4:32] Yep.
[4:33] So, um, kept our old house and then our broker at the time, um, advised us to pull the equity off that.
[4:42] So essentially we had three mortgages we were paying principal interest on.
[4:45] You had the mortgage on the old home.
[4:47] Yep.
[4:47] You had the mortgage for the land, the mortgage for the build or even for the deposit.
[4:51] Well, yeah.
[4:52] So it was for the deposit.
[4:53] So we did a house and land package.
[4:55] Um, so we essentially had three mortgages paying principal and interest on all three.
[4:59] All during construction as well?
[5:01] Yep.
[5:02] Ouch.
[5:02] Yep.
[5:03] I mean, look, the upside is in the country town, it's a lot more affordable.
[5:07] Yep.
[5:08] So it didn't hurt us too bad.
[5:10] Okay.
[5:11] So then we obviously moved into our new built home in 2019.
[5:17] Yeah, basically that's where we're at.
[5:19] So from there, a bit of a background story is, I was always interested to do more things, but we're a bit stuck.
[5:27] So I remember putting out a Facebook status years ago, asking if anyone knew a financial advisor.
[5:35] I wanted someone just to kind of say,
[5:37] do this but everyone kind of says oh you you can do this you can do that no one actually just sits you down and just tells you just fucking do yeah just just tell us what will work i know what we can do i know we can sell this i know we can keep this i know what we can do but i just want someone to be able to point us in the right direction we got was do not sell your yes it's paying for itself why would you sell it
[6:01] But you're paying this whole new non-deductible debt.
[6:05] You're getting fucking two cents fuck all out of the old one.
[6:08] Everyone gets it wrong.
[6:09] So our old house did pay for itself.
[6:11] We never made any money off it.
[6:13] Mutually geared.
[6:14] Rent come in, paid the loan.
[6:16] But you had a lot of equity in it.
[6:18] Yes, yes.
[6:20] So it never cost us anything as such until obviously the interest rates went up.
[6:25] We started going, oh God, like, you know, not much in the scheme of things per week, but it then started to chew into our savings as such.
[6:33] Um, things were going wrong.
[6:35] Little minor things like a leaking tap, a door handle, fix this, fix that.
[6:38] Hot water system.
[6:39] Yeah.
[6:40] Luke's super handy.
[6:41] So it was rented privately and we had the best tenants.
[6:44] We had a young family who we also do know.
[6:46] Brilliant.
[6:47] Absolutely brilliant.
[6:48] Okay.
[6:49] Um, but you did fix everything, which was good.
[6:52] So it didn't cost us, but it was just like a thorn in the backside.
[6:55] It was annoying.
[6:56] Yep.
[6:58] So I had put out a status.
[7:00] I was always interested.
[7:01] And then time just goes on.
[7:03] We just were comfortable.
[7:04] We just kept doing what we were doing.
[7:07] Obviously, social media is pretty powerful.
[7:09] And I'd come across a video content.
[7:10] Yep.
[7:11] Had a bit of a laugh, whatever.
[7:12] Didn't really take it on board too serious.
[7:15] Yeah, none of it was too serious.
[7:16] Yeah.
[7:16] Yeah, it was quite entertaining.
[7:18] Which was probably the turning point for us to... Yeah, definitely.
[7:22] So my dad used to send me a lot of your things.
[7:24] Oh, really?
[7:25] One of them, yeah, he loves you.
[7:26] oh really yeah hey dad i'm glenn hey glenn yeah so he'd often send me um your reels and one that really resonated bull that kind of made me go oh shit was the every family does it you keep your own home yeah and the bit that's on all the debt when you could have moved all the cash yeah and the bit that stuck with me the most is when you said your old house is so shit you moved out of
[7:51] that's us.
[7:52] Oh my God.
[7:53] We're that family.
[7:54] That's no good anymore.
[7:54] Yeah.
[7:55] Yeah.
[7:55] It essentially was a good house.
[7:57] Why'd you move out of it?
[7:59] Why'd you move out of it?
[8:00] Exactly.
[8:01] So that was, I was like, Oh shit.
[8:03] Oh my God.
[8:04] That's us.
[8:04] Like, it's like, you were just talking to me on the phone and I was like, Oh no.
[8:08] Um, so I had known.
[8:11] So I had actually known of another young couple in our small country town.
[8:18] Right.
[8:18] Um, and they're a,
[8:20] They were in their early 20s at the time.
[8:22] And I had had a bit of a conversation and she had dropped, oh, yeah.
[8:27] She was very, very blase about it, didn't say much, quite hush-hush.
[8:31] And she had just said, oh, yeah, we're with the company.
[8:34] It's infinity.
[8:35] And that was it.
[8:36] Just look it up.
[8:37] Like, she didn't go into much detail about it.
[8:39] A bit hard to explain.
[8:40] It is hard to explain.
[8:41] It is definitely hard to explain.
[8:43] So she didn't go into much detail about it.
[8:45] So I did.
[8:46] I looked it up.
[8:47] And then a few months went past and then I missed her and I was like, what was the name of that guy again?
[8:52] And she said, oh, Graham.
[8:53] And I went, oh, looked it up.
[8:55] So I went stuff and I'm going to sign up and just do the Tuesday night webinar.
[9:00] Yep.
[9:00] So we did.
[9:01] We sat together.
[9:02] Yeah.
[9:03] Yeah.
[9:03] Okay.
[9:03] So on the same page.
[9:05] Yep.
[9:05] On the same page.
[9:05] Easy because there's usually one person's deep into it and the other person's the same.
[9:10] We weren't both deep into it.
[9:11] Okay.
[9:11] I was a bit skeptical.
[9:13] Okay.
[9:14] I was open to it all, but...
[9:16] There was probably a little bit.
[9:17] I don't trust many people.
[9:18] And I was thinking, what's going on here?
[9:21] Like, anyway, I'm not going to shut it down.
[9:24] It probably helped and hindered in a way.
[9:28] But one thing that I haven't mentioned yet was we, well, I had done Barefoot Investor a couple of years prior.
[9:35] Yeah.
[9:35] So I think that did help us in a way because I was always a lot better with money, but Luke did have one card and one account and he'd just tap, tap, tap, tap.
[9:44] Typical bloke thing, right?
[9:45] Typical bloke.
[9:46] This is what we're allowed to play with and off we go.
[9:48] Yeah.
[9:49] So he would do this much damage.
[9:51] So I did barefoot and I was like, look, I've listened to this audio.
[9:55] Let me just change our accounts and set things up.
[9:58] We still had separate money.
[10:00] I know, like you say, you know, you're a couple, but we had kids and we still had separate finances.
[10:06] You know, we just paid kind of half of everything.
[10:08] And then I went on maternity leave.
[10:10] So you cut a bit more in.
[10:11] Yeah.
[10:12] So we were still very separate.
[10:13] So.
[10:14] Doing barefoot definitely helped us get control of... Have some kind of structure.
[10:19] Yeah, we had structure.
[10:20] It's great for structure, especially when you're younger and you're trying to manage cash flow.
[10:25] And it was good.
[10:25] It's just when you get into mortgages and the higher level stuff, it gets...
[10:28] It was really good because 60% of each of our wage was our daily expenses.
[10:34] So we stopped going, you buy food.
[10:35] We never, ever had to fight about money after that.
[10:38] So I feel like that was a good turning point.
[10:40] So that's definitely helped our Infinity journey.
[10:43] Because you, if I had said to you originally, oh, hey, we're going to sign up.
[10:47] We're going to have an FFF.
[10:48] You would have just been like, whoa, you're taking all my money.
[10:50] What are we doing?
[10:52] So I feel like that definitely helped.
[10:55] But at the end of the day, we had these mojo hard savers.
[11:00] We already had mortgages.
[11:01] We don't even know what we're saving for.
[11:02] Well, you're not saving because you've got debt.
[11:03] Exactly.
[11:04] But we didn't know that.
[11:05] We don't, yeah.
[11:07] I had a goal, like my biggest goal was to save 50 grand.
[11:11] That's all I wanted to do.
[11:12] We don't even know what we're saving for.
[11:13] We just wanted to see the 500.
[11:14] While you had luggage.
[11:15] Doing barefoot investing.
[11:16] Yeah.
[11:17] Pumping it, pumping it, you know, every cent.
[11:19] That's weird, right?
[11:19] We just make up this number, you go, oh, 50 grand.
[11:21] And then you go, I want a hundred grand.
[11:23] Yeah.
[11:24] What do you want?
[11:25] I want to make a million.
[11:26] Cause it's just the, it's the biggest number we can relate to that might be possible.
[11:31] That's achievable.
[11:32] Yeah, that's the point of our life that's achievable.
[11:34] You go, 50, 50.
[11:35] So, we were both hard saving with all our buckets and all this jazz.
[11:41] So, yeah, but we didn't really know what we were doing it for.
[11:45] We just had savers.
[11:46] Just...
[11:47] And one of the things you said was you're saving.
[11:51] What for?
[11:51] Yeah.
[11:52] If you've got debt, you don't have savings.
[11:53] Exactly right.
[11:54] I guess the whole point of Barefoot is for people that don't have a mortgage.
[11:57] So you've got this hard savings so you can get in the market, but we were already well and truly in it.
[12:01] Right.
[12:02] Had a couple of kids.
[12:02] We had three mortgages.
[12:04] So.
[12:05] Yeah, I don't really understand the long-term purpose of that.
[12:09] It was perfect for us at the time.
[12:10] Yeah, it's missing the next evolution.
[12:11] It's like, hey, this will get you here.
[12:13] But once you're here, you just kind of hear.
[12:14] You need to change the evolve of the strategy.
[12:15] Yeah, you need to challenge it, and we weren't.
[12:18] So, yeah, I got a pen and paper.
[12:21] We sat down in the lounge, watched the Tuesday night webinar.
[12:25] You absolutely roasted everyone.
[12:26] I thought it was hilarious, kicking people out of the chat, left, right and centre.
[12:30] It was good.
[12:31] I need a filter.
[12:32] It was so good.
[12:33] And I feel like that's why people resonate.
[12:35] Well, for us especially.
[12:37] I'm like normal, normal knock around Aussie.
[12:40] You're not a suit wearer.
[12:41] You're not trying to sell us this stuff.
[12:43] You were literally trying to get people to leave so that you're like, no, don't sign up.
[12:47] Like, don't even pay the money.
[12:48] Hey, at the end, I tell you, I'm going to do a sales pitch at the end, but all of this shit's free.
[12:53] And I tell you to log the fuck off before I do the sales.
[12:55] I know.
[12:55] It's so good.
[12:56] Yeah.
[12:57] I'm like, is that cool?
[12:58] And people are like, that's sick.
[12:59] Thank you.
[13:00] Appreciate it.
[13:00] Yeah.
[13:01] Cool.
[13:01] And then when you get the sales pitch, only like, I've had ones where there's like 6,000 people on them live, right?
[13:06] And only like 800 log off and I'm like, oh, there you go.
[13:08] You got your shit for free, but everyone else stays and listens.
[13:11] So basically I had a pen and paper, like I had a notepad and I was scribbling notes and then the ball just dropped and I was like, I get it.
[13:20] And I looked at Luke and Luke's like, what do you get?
[13:22] What is it?
[13:23] I still had no idea.
[13:27] Because it has always got the money here and in and out.
[13:30] And you're like, those pictures and you're like, it was in the interest rates.
[13:33] And I straight away, I was like,
[13:36] God, I get it.
[13:37] And he was just like, I don't get it.
[13:40] What are we doing?
[13:40] Our household was so stressful.
[13:42] Every two weeks we'd get a letter off the bank saying the interest rates had gone up by a minute little piece.
[13:47] And we were like, no, no.
[13:49] Is this going to keep going?
[13:50] What are we going to do?
[13:51] Like losing sleep over it.
[13:53] I was literally stressed to the eyeballs to the point that I locked our mortgage in for one year just to buy me a...
[14:00] peace of mind that we were going to be okay for at least another year it's not going to go to this silly amount that we can't physically afford mind you we're paying the minimum repayments as every aussie generally does um so yeah sat down straight away we got to the you got to the end pitch and you're like this amount i looked at him and i was like we've got to do it so what was it
[14:25] How much is it?
[14:27] $1,500.
[14:27] Yep.
[14:27] Yep.
[14:28] I looked at him and I went, so we're still at this stage, had separate bank accounts.
[14:31] And I said, you earn more, I'll pay the $500, you pay the $1,000.
[14:35] Hang on, we've got three kids at this point in time.
[14:39] Share beds, bodily fluids, but not bank accounts.
[14:42] So I was like, you earn more money than me, so you front the $1,000, I'll front the $500,000.
[14:47] Essentially I was going to be doing the masterclass because he was still confused what I'd scribbled on the notepad.
[14:52] I get it.
[14:52] I don't know what I get.
[14:54] He's like, he just went, I don't.
[14:56] And I'm like, what have, what have we got to lose?
[14:59] So yeah, fast forward.
[15:00] I think it was maybe like maybe a month later, which by this stage was last year, July.
[15:06] July 24.
[15:06] Yep, so July 24, sat down for the two-day masterclass.
[15:13] Luke, we've got obviously kids that play weekend sports, so Luke was in and out, sat down as much as he could.
[15:19] I coached a junior rugby league team, so I had to leave and go do that on Sunday.
[15:23] Yeah, we were trying, like I, yeah, only gone for probably an hour, come back, but I missed a little bit, but you, yeah.
[15:30] Yeah.
[15:30] Um, you missed a cherry story, got back and I was like, had been bawling.
[15:34] Oh yeah.
[15:35] I didn't, tears every, and I'm like, what'd I miss?
[15:37] What's happened?
[15:38] What'd I do?
[15:39] What'd I say?
[15:40] Cherry.
[15:41] Oh, so yep.
[15:42] So there was tears and then there was laughter.
[15:45] Then I was like trying to, obviously we had the booklet, but the thing that probably got me the most, which I was mad at myself for not knowing this sooner, was when you gave us the ability to use that interest calculator.
[15:58] It's a direct comparison of what you're doing.
[16:00] And it's your own figures.
[16:01] So you're not just- I don't change the interest rate.
[16:02] Yeah, you're not throwing, I think the bit that's so good about infinity is you're not just talking to doctors that are on 400K a year.
[16:10] You're talking to normal families
[16:14] young, older people, like you're talking to anyone.
[16:17] So when we got on that calculator and I'd lost sleep over this interest stuff, had been bugging me for so long.
[16:26] At that stage, our home had just come out of being locked in.
[16:30] So yeah, we brought up this calculator and for shits and gigs, you said, put in a stupid high interest rate.
[16:35] So I put it up like 4% and it literally put four months.
[16:40] On our loan term.
[16:40] In my structure.
[16:41] Yep.
[16:41] Yeah.
[16:42] And I looked at Luke and I was like.
[16:43] And anyone listening to this goes, 4% is fucked as if you'd go from 6% to 10%.
[16:48] I'm like, well, if you pay it off over five years, it doesn't mean shit.
[16:51] Yeah.
[16:51] So I looked at Luke and I was like, interest rate doesn't mean shit.
[16:56] and i have literally lost sleep over it like i was stressed to the eyeballs at some stage we were getting because we had three mortgages as such three letters we'll get six because they send us one each and i'm like just send it on email stop clogging up we're recycling i wasn't even keeping them because they were coming like every month yeah it was ridiculous so once i did that i remember looking at you going interest doesn't matter
[17:21] And that's sort of when it clicked for me with that calculator and that I went, yep.
[17:25] It does matter over 30 years.
[17:26] Yes, it definitely matters.
[17:28] You add about 6% over 30, you borrow five, you pay back 1.1, right?
[17:32] It matters if you don't know.
[17:34] Correct.
[17:34] But if you know how to reduce daily interest calculations before they're charged, it doesn't matter.
[17:41] It's...
[17:42] So here I was thinking I was doing everything right.
[17:45] We'd kept our old house.
[17:47] I would prepay all our expenses.
[17:49] So our wages would hit on a Wednesday, Thursday morning, 6am, all our direct debits would come out.
[17:54] I'd get our electricity bill.
[17:55] We were always in front.
[17:57] Like things were good.
[17:59] So I thought- Pretty studious.
[18:01] Yep, pretty good with money.
[18:04] Interests is charged daily.
[18:06] Yeah, you're prepaying all your bills.
[18:09] So here our council's got three grants in their account.
[18:11] You were like in the boxing ring with your hands down.
[18:13] You were like, wah, wah.
[18:15] So here I was just making sure all our money was sitting in somebody else's account, basically the council and everything else.
[18:21] Yeah.
[18:23] we were doing it all wrong.
[18:24] Oh my God.
[18:24] Which is the way that most general... Oh yeah, if you tell anyone what I teach you, oh no, you're a fucking idiot.
[18:32] Yeah.
[18:32] It doesn't compute unless you've been...
[18:34] It doesn't.
[18:35] We don't just take a client.
[18:36] You've got to go through the process.
[18:38] I've got to teach you.
[18:38] You've got to be interested.
[18:40] Yeah, you've got to be interested.
[18:41] Then you're going to be angry.
[18:43] Then you're going to be empowered.
[18:44] Yeah.
[18:45] Then you can make informed intellectual financial decisions.
[18:48] Yeah.
[18:48] Otherwise you're just like, it doesn't make sense.
[18:50] Yeah.
[18:51] It's so true.
[18:52] So you would have run all those numbers and been like, fuck.
[18:54] And then did you put in the, oh, what if we sell the house?
[18:58] So I was actually going out with the girls that evening.
[19:02] We'd pre-planned to go to like this bingo sesh.
[19:05] Saturday night?
[19:05] Yep, the Saturday night.
[19:07] So I'd done this all day.
[19:08] By this stage, I don't even get a headache, but my brain was like mush.
[19:12] So little did I know how hard bingo was also.
[19:14] By that, I was like, I was like, I can't listen to money talk all day and come and do bingo.
[19:22] So anyways, I stayed online because I really wanted to ask you.
[19:25] Yeah.
[19:26] What should we do?
[19:27] I kind of knew the answer.
[19:29] I just wanted to hear it.
[19:31] So you roasted me in front of like 480 people.
[19:33] So thanks for that.
[19:34] That was great.
[19:35] I don't, I don't, I actually, it's funny.
[19:38] Like I should be a salesperson in a business.
[19:40] I actually fucking go pretty tough on people, right?
[19:44] But I feel like it works.
[19:45] Like I have thick skin, so it didn't bother me.
[19:47] I didn't run away and cry.
[19:48] It works for the people who actually want to get somewhere.
[19:50] Yeah.
[19:51] That's my say, that's my vibe and tribe.
[19:53] For anyone who's offended, cool, go see Bob around the corner.
[19:55] Yeah.
[19:56] Sweet.
[19:56] Go see someone else.
[19:57] And for me, it's the truth, but it's a blunt.
[20:01] You come for a cuddle, cuddle with a struggle, sandpaper, right?
[20:04] It's like, boom, punch you in the throat, but you've heard it.
[20:06] Yeah.
[20:07] But you heard it in a way where there is no fucking ambiguity.
[20:10] There's no bullshit.
[20:11] It's just get to the point.
[20:12] It's not ambiguous.
[20:13] Yeah.
[20:13] Fucking get rid of it.
[20:14] Yeah.
[20:15] So by that stage, it was pretty late.
[20:17] Like you had stayed on.
[20:18] It was probably like, you know, 6 p.m. or something.
[20:20] Like it was quite late.
[20:21] Some were like 10 p.m., 11.
[20:23] Yeah, so I would have liked to have hung around, but that didn't happen.
[20:26] But yeah, that's all I needed.
[20:27] I just needed someone to tell me.
[20:29] You told me, gave me a little bit of a roasting.
[20:31] I was like, yeah, that's it.
[20:33] I kind of knew.
[20:34] Yeah.
[20:34] I knew by after the day, I was like, we need to sell that dog.
[20:38] Yep.
[20:38] By that stage, you were at Prezos for Junior League.
[20:42] And he's like, oh, how did you go?
[20:43] And I said, yeah, no, he just roasted me in front of everyone.
[20:46] That was great.
[20:47] Little did I know.
[20:48] He's going, I'll fucking tell him tomorrow.
[20:50] Little did I know.
[20:53] There was actually another couple from our small country town on.
[20:57] Really?
[20:57] So they've spotted my voice and then my head's popped up and then you've said, you didn't roast me, but you just basically said, what are you doing?
[21:05] Sell that dog.
[21:06] Like, and it was just, I was like.
[21:07] Blunt.
[21:08] Yeah, okay.
[21:10] My brain's very, like math-wise, it was like A and B is not going to get you.
[21:14] It's a silly question.
[21:15] Yeah, it was a silly question.
[21:17] And when I said it.
[21:17] And you listen to that chat.
[21:19] I sit there and answer the same question.
[21:20] And everyone just wants to hear it, right?
[21:22] Everyone's actually almost in a similar position.
[21:24] Yeah, we definitely are.
[21:26] You just want to know.
[21:27] Yeah.
[21:28] So I come back the next day, finished it, didn't even hesitate to sign up.
[21:32] We didn't look at each other, but we took the fee.
[21:35] Making pay more of it?
[21:36] No, we took it off our mortgage out of our redraw.
[21:40] I'm surprised.
[21:42] When we got the figure, it was a bit more and I was thinking, I'm not taking that out of myself.
[21:46] That's coming out of the redraw.
[21:47] That's coming out of the redraw.
[21:49] Yeah, we're not dealing with that.
[21:50] So out of the redraw it come.
[21:52] And then it was like, all systems go.
[21:56] Hold on to your horses.
[21:56] Bang, bang.
[21:57] Wow.
[21:58] The emails were hectic straight away.
[22:00] It was good.
[22:01] We felt seen.
[22:02] We felt heard straight off the bat.
[22:04] Like it was.
[22:05] Calls and emails and Zooms.
[22:07] Yeah.
[22:08] It was so, it was so good.
[22:10] And I was like, oh my God.
[22:11] So we obviously kept it pretty quiet.
[22:14] Yep.
[22:15] Have done still, still to this day.
[22:16] What about the people that are from your town?
[22:20] yes interesting very very um you know people can be quite judgmental you've got you've got someone that is a client from your town we actually have a few now some okay i was gonna say there's people on there that heard you as well yep yep so they over town so they signed up after the masterclass um so it was good i could actually jump back and kind of talk to her because she kind of got what we're going through the docu-signs the emails who's your relationship manager that type of stuff
[22:49] people are very judgy.
[22:51] There's a taboo around money.
[22:53] You can't talk about it.
[22:54] You do not talk about what you own, what you paid for.
[22:57] You can drive around in lavish cars and be an absolute cock.
[22:59] That's fine.
[23:00] Everyone thinks you're killing it.
[23:01] Yeah.
[23:02] But there is so much taboo around.
[23:05] Yeah, right.
[23:05] what you paid for things.
[23:07] It's just not the mentality to discuss that stuff.
[23:10] Yeah.
[23:11] So we kept it quite hush-hush.
[23:13] We also didn't really know what we were in for.
[23:15] Yeah.
[23:15] So like you said, you can't sell something that you don't understand yourself.
[23:19] Yeah.
[23:20] So we signed up straight away from that.
[23:24] Um, and then yeah, from there obviously got appointed who we need to speak with.
[23:30] Yeah.
[23:31] Yep.
[23:31] Our team.
[23:32] Um, and we went balls to the wall.
[23:36] We pretty much said we're in, let's just dive straight.
[23:40] Like what do we got to lose?
[23:42] Let's yeah.
[23:43] We just went in and we just trust the process and go.
[23:46] Yeah.
[23:47] Old home, new home.
[23:49] Yeah.
[23:50] Three mortgages across them.
[23:51] Yep.
[23:52] And then we restructure everything and start fresh.
[23:54] And what are we doing today?
[23:56] Yep.
[23:56] So at the time, three mortgages, about 530K in debt.
[24:01] Yep.
[24:03] So it took a little while to get our old house valued just because Countrytown, they come out like once a month.
[24:08] Yep.
[24:09] So I felt like it was all systems go at the beginning and then it was a bit of a drag.
[24:13] And I was like, oh, not much is happening.
[24:15] We're chasing the bank and we're like... Yeah.
[24:17] And they're like, oh, we go there like on the 18th of the month.
[24:21] I know.
[24:21] And it's really frustrating.
[24:22] So I was like, I was all keen and then I was a bit like...
[24:25] This is such a drag.
[24:27] Yeah.
[24:27] So, from that, got it valued, had it straight on the market.
[24:31] It took probably a little bit longer to sell than we expected.
[24:34] Yeah.
[24:35] I felt like the market was dropping a bit there.
[24:37] It wasn't an expensive home.
[24:39] So, it was very affordable for families.
[24:43] So, yeah, we… All market bucks.
[24:45] Yeah.
[24:45] Like having it as an investment.
[24:46] And I felt like because the interest, so that was right around the time that the interest rates were still going crazy.
[24:52] So people were really scared to obviously be signing up to mortgages with these high interests that are just going up every month.
[24:59] So basically, long story short, February of this year, Feb 2025, sold, settled.
[25:08] We pulled together our savers, which we were totally unaware that we had 100 grand.
[25:15] In kids savings accounts in... Like our kids savings weren't anything dramatic, but you know, that's a quick...
[25:20] It was like 15 or 18 grand between the kids.
[25:23] We'll put... We'll debiting money in each week for their... And you've got to apply your own oxygen mask first, right?
[25:28] Yep.
[25:28] It's in your name, your tax.
[25:30] Yep.
[25:31] Put it in the redraw, keep a record of it.
[25:33] Give it to them much more later.
[25:35] Yep.
[25:35] Yep.
[25:35] Yep.
[25:36] So we pulled everything together and went, oh shit, we're debt free.
[25:41] Debt free on the new home.
[25:42] Yep.
[25:43] On the new build.
[25:44] Yep.
[25:45] It's ridiculous.
[25:46] Everyone in a small country town thinks you're loaded.
[25:48] Everyone's gonna be asking you for a loan.
[25:50] Yep, so we literally just did it all together in crunch numbers and went, oh, oh, we just paid out our home.
[25:58] Well done.
[26:00] Yeah.
[26:00] Feel real?
[26:01] No.
[26:02] No, it didn't.
[26:03] We were even going to go out and have dinner and...
[26:05] I don't think we did anything.
[26:06] No, we didn't.
[26:07] No?
[26:07] No.
[26:08] He's better go.
[26:09] Well, we have now.
[26:10] We've had a few dinner seats.
[26:11] Yeah, we had a couple of REMs, right?
[26:13] Yeah, we had a couple of date nights at your expense, so that was good.
[26:17] I don't remember them.
[26:18] Yeah, yeah.
[26:19] So we went, yeah, wow.
[26:22] So I remember sitting after the masterclass, we'd signed up.
[26:26] We were sitting in our theatre room.
[26:28] We were sitting on the lounge and we were like, crap.
[26:32] I wonder where we'll be in 12 months' time.
[26:34] Like, we've just signed up.
[26:35] What is possible?
[26:36] Yeah.
[26:37] So, at the time, obviously, had three kids.
[26:39] We've been together for nearly 14 years.
[26:41] Weren't married.
[26:42] We're engaged.
[26:43] Yeah.
[26:44] So, since then, fast forward.
[26:46] Actually, didn't I say, where's hubby put a ring on it in the live coaching?
[26:50] No, no.
[26:51] You had put a ring on it.
[26:52] It took him 10 years.
[26:53] I remember a live coaching late at night with someone from a country town.
[26:56] I was like, where are husbands?
[26:58] I'm like,
[26:59] Tell him I said, put a ring on her bra.
[27:01] Yeah, no, you could have.
[27:02] You could have if we'd signed up a few years earlier.
[27:04] But no, so since then, we knew 12 months later we wanted to do Bali as our first overseas holiday with the kids for Luke's 40th.
[27:14] Yep.
[27:15] So I remember sitting there, we were looking at each other and I was like, well, I know we'll do Bali next year.
[27:20] Well, in the meantime, we smashed out our mortgage and got married in March.
[27:27] So had a wedding, which was awesome.
[27:29] Just had it around home.
[27:30] Went to Bali.
[27:32] Yeah.
[27:33] And then we got the house off, got married, had a family trip to Bali.
[27:38] Yeah.
[27:40] So, as soon as... Yeah.
[27:41] So, when we signed up to you guys, we did the Self-Managed Super Fund.
[27:45] Yeah.
[27:46] Bought a property down in Melbourne.
[27:49] Yep.
[27:49] An apartment down there, which has obviously been constructed.
[27:51] Yep.
[27:52] I remember when they pitched it to us and I was like...
[27:56] We can't afford that.
[27:57] Like the amenities are like next level.
[27:59] I was like, no, no, no, we can't afford that.
[28:02] They're like, no, yeah, you can.
[28:04] I went, oh, can we like talk about trust in the process?
[28:07] So we signed up for that.
[28:09] We came to REM last September.
[28:12] Yep.
[28:13] Was our first REM blew our minds.
[28:15] They were little REMS.
[28:16] They were little REMS.
[28:17] Oh baby REMS.
[28:18] They were the bus and the boat.
[28:20] They were fun.
[28:20] Yeah, they were actually, they were fun REMS.
[28:22] Yeah, they were quite intimate.
[28:23] Come on now.
[28:25] You were trying to sell it to us.
[28:26] I'm like, don't you say that.
[28:27] I was fucking trying to sell it to everybody.
[28:28] The best boats were other people's boats.
[28:30] The best two days of that boat, the day I bought it, and the day I fucking sold it.
[28:34] It was fun.
[28:35] So we came to REM, caught up with Luke, bought a three-story, three-bedroom townhouse in Brisbane.
[28:46] So that's actually, that's being constructed.
[28:48] That's due to hopefully exchange or settle next month.
[28:51] Yep.
[28:52] um yeah so that was pretty exciting i was like oh my god i brought like sold one one thing and brought two how's this working so one by two yep so then since we paid out our home loans um we obviously restructured our equity yep refinance started doing our fff sticking to the budget um and we've bought another two so how many investments
[29:17] So we technically have one in super, four investments, and we own our own home.
[29:23] Four personal investments.
[29:24] Well, sorry, three.
[29:25] Three, plus one in super.
[29:26] One in super.
[29:27] Four investment properties, plus your home, and the home's paid off no bad.
[29:32] In a year.
[29:33] In a year.
[29:34] Well, technically eight months with your strategy.
[29:36] Excuse fucking me.
[29:39] Eight months, yeah.
[29:40] Well, you wanted to know where you'd been 12 months.
[29:43] Wild.
[29:44] Wild, yeah.
[29:46] Does it feel real?
[29:48] Nah, well it's, you're getting a bit emotional about it.
[29:51] Yeah, it is emotional, right?
[29:53] And it's really hard because you can't really explain to people.
[29:58] Not that I want to because I think go and work it out for yourself.
[30:01] No one helped us.
[30:02] It doesn't feel real for most people.
[30:04] But nothing really drastically should have changed in your life.
[30:09] No, really.
[30:10] It's just insane to think that if we didn't sign up, we'd still be exactly where we were.
[30:17] We would literally still be doing the same thing.
[30:20] Probably replace another hot water system and an air conditioner and fix the fucking tap.
[30:24] And thought we were doing the right thing.
[30:26] Yeah.
[30:26] Honestly.
[30:27] It doesn't feel real because I don't know what it's meant to feel like.
[30:30] And obviously we're sticking, we're trusting the process and we're sticking.
[30:34] to the budget.
[30:37] So many people were like, what do you mean you got a budget?
[30:39] We always had a budget.
[30:40] Everyone has a budget.
[30:42] They don't realize you can only spend what you're earning that week.
[30:44] So you can't go over it.
[30:45] Everything you earn is your budget.
[30:46] Yeah.
[30:47] Or you're a bit more strategic.
[30:48] Yeah.
[30:48] So we always were structured.
[30:50] So we are good with money, but the budget has definitely helped.
[30:55] We're sticking to it.
[30:56] It's not all I think about, but, but I'm all over it.
[30:59] And some weeks,
[31:00] Yeah, obviously we've got the bills and salary, but in our FFF, we are draining it down to sometimes I'm like, oh yeah, we've got $1.80, but we get paid tomorrow.
[31:08] So we are living within our means.
[31:10] Fuck it, we're going to go out for pizza tonight or to the bowling club or something, and you just decide to transfer $200.
[31:16] Who cares?
[31:16] It's your money.
[31:17] Yes, yes, it is our money.
[31:19] We've had to do that a couple of times for birthdays and stuff like that.
[31:22] But I mean, you've got the plan right, so you're stuck to it and then go, oh no, birthday dinner, we're going to the pub, whatever.
[31:28] cool move the money trauma yeah try to stick to it as much as you can exactly and you win more than you lose absolutely so like within four months so when we restructured our loans we made 60 of it principal and interest just so we had something to keep rapid repaying because obviously we'd only just started yeah um and we paid off 40 grand of that in four months and i was like what's happening
[31:52] Where's this money going?
[31:53] We weren't bad with money, but where was it going?
[31:56] Oh, well I wouldn't say, well you weren't bad, but you weren't good.
[32:00] The worst thing was the old ways, but like I'd save, but then I'd also give myself money to spend.
[32:05] Yeah.
[32:05] And if I didn't spend it, I had more to spend the next week.
[32:09] Yeah.
[32:09] If I didn't spend that, I had more.
[32:10] And then you're like, you know what?
[32:11] If I don't spend any money for three months, I'll just buy a fucking dirt bike.
[32:13] Well that's it.
[32:14] I'd have an extra thousand dollars.
[32:15] I'd be like, I'm going to.
[32:16] Yeah.
[32:17] Yeah.
[32:17] That's what he did.
[32:18] That was more close to 10.
[32:21] Yeah.
[32:22] I was going to bow.
[32:23] Yeah.
[32:23] Yeah.
[32:24] He's got that too.
[32:25] But yeah.
[32:26] So it definitely, it probably helps you more.
[32:29] I don't spend much.
[32:30] I work from home a few days a week.
[32:32] You know, I might go and get a pie, but it's cheap Tuesday.
[32:35] Yeah.
[32:35] It's half price.
[32:35] Like, so I don't spend a lot on takeout on weekends.
[32:38] We still will get pizza on a Friday night with the kids.
[32:41] Like we're living, we're not living uncomfortable at all.
[32:44] Following the process.
[32:46] But after a fair few months of it, it's just normal for us.
[32:50] It's life.
[32:50] Yeah, it's just life.
[32:52] So you're not missing out on anything.
[32:53] No.
[32:53] We are not going without.
[32:55] Pay for the wedding.
[32:56] You paid $40,000 off one of the loans in four months.
[33:00] That's $10,000 a month.
[33:01] yep it's wild plus we're also servicing our investment yeah our investment yep yep um we've now booked which the kids don't yet know but we've now booked um a road trip up here coincidentally over the same time as the infinity christmas party so you've got your outfits ready yet yep yeah i haven't i'm still on timu look at you
[33:25] You probably could.
[33:26] Another 20 kilos.
[33:27] So we're living so comfortably, but we're living within our means because we have a goal and we're aiming for it.
[33:34] We're going to smash it.
[33:35] Make sure you take the kids to Kmart.
[33:38] Oh, yeah.
[33:39] Yes.
[33:39] I live at Kmart.
[33:40] It was in our wedding space.
[33:41] Before the thing, like, take them and explain it to them and everything.
[33:43] Yeah, definitely.
[33:44] And they explain it because we're doing the big shop there the day before.
[33:47] Yeah, we're allowed to go or you shut the shop for you.
[33:49] Yeah, I think they shut the shop for us when we go, like, an hour or two early.
[33:52] Crazy.
[33:54] It distorts the shopping for the public because we take all 200-odd staff in Australia at once.
[33:59] All the trolleys.
[34:00] All the trolleys, all the stuff.
[34:01] So I think they let us in an hour or two early.
[34:04] And then obviously we line up and arrange payment and they've all got to be scanned and purchased and then donated.
[34:09] And then they put them in big trolley things and take them straight out in the salvos.
[34:14] They've got their trucks there and they ship them off straight away.
[34:17] That way, like when you walk into Kmart that day for trade, you can go buy a present and still put it at the tree with the kids.
[34:23] Because we literally take over and it's a bit messy.
[34:25] Yeah.
[34:25] We're really big on...
[34:27] But I think we're doing that and then having a staff Christmas brunch.
[34:31] And then I think we might be saying, hey, the team will be back at lunchtime or mid-morning if any clients want to meet.
[34:36] They're organising something.
[34:38] Yeah, cool.
[34:39] And a heap of... Or we're going to say, hey, all the clients come over again and some staff at 12 say.
[34:44] Yeah.
[34:45] Because a lot of people are flying in that day as well.
[34:47] Some go, oh, can we do it in the afternoon?
[34:49] It's a bit... Yeah, it doesn't really work.
[34:50] It's hard.
[34:51] It's like every person that talks to me sends a different message.
[34:53] I'm like...
[34:53] Guys, there's like 9,000 of you.
[34:55] I don't know how to respond.
[34:56] Just go to Kmart.
[34:57] Yeah, settle.
[34:58] Just go to Kmart.
[34:58] It's cool too.
[34:59] I'm assuming you're going to babysit her for the Chrissy party.
[35:01] We've got friends up here that we've actually met through Infinity.
[35:05] Oh, that was our first REM and the second REM.
[35:07] You just had them today, Megan and Craig.
[35:09] Oh, yeah.
[35:10] They're our besties.
[35:11] So we met them.
[35:11] We just so happened to sit at our table with them last, our first REM.
[35:16] Then we teed up.
[35:17] We're at our next REM together recently.
[35:19] We're actually staying with them.
[35:20] We're bringing the kids up.
[35:21] So they've got twin girls.
[35:22] So we're bringing the kids up.
[35:23] How good.
[35:24] So it's not shared babysitter.
[35:25] Yeah.
[35:25] How good.
[35:25] Sharing the babysitter and coming to the party.
[35:28] There you go.
[35:28] But we're big.
[35:29] Like we speak to the kids a lot about it.
[35:31] I was going to say, it's so cool to tell the kids and explain to them.
[35:34] We are huge.
[35:34] The younger ones crack the shits because they get a present.
[35:36] They buy something and they have to leave it.
[35:38] Yeah.
[35:38] The two year old will be like, mine.
[35:39] It's so good to teach them.
[35:41] Yeah.
[35:41] That's the right thing to do and stuff like that.
[35:43] Yeah.
[35:43] Yeah.
[35:44] We talk a lot about our journey, what we're doing with them, especially the older two.
[35:49] Yep.
[35:49] being six and nine, and why we can't buy things.
[35:53] Okay.
[35:53] Yep.
[35:54] In a positive way, right?
[35:56] Yep, yep.
[35:56] I just say that's a waste, mate.
[35:58] Money doesn't grow on trees, blah, blah, blah.
[36:01] There's a difference of teaching them we can afford it, but we're not becoming.
[36:05] yes yeah yeah and and just wasting money like mate that's a waste we're not doing that and then we're gonna go and do that like yeah we're already seen in in our eldest son he's already putting little practices into play where he won't want to spend money on something because he'll say oh no i can save that for this yeah just little things i'm starting to rub off so he had he had a 20 dollar note and he went so when can i buy a house mate you need a lot of those
[36:32] Do you know what?
[36:35] There's a cool thing called BrickX.
[36:37] Yeah.
[36:37] Nothing to do with me.
[36:39] And it's basically fractional property ownership.
[36:42] So you can go buy, and I don't know what their performances and returns are like.
[36:46] I don't have any.
[36:46] But it's basically fractional ownership.
[36:48] So they all buy a house in Coogee.
[36:51] They buy a unit.
[36:52] And then you buy it brick by brick.
[36:54] So they divide it up by, say, 1,000 bricks, and it's $1,000 a brick or $400 a brick.
[37:01] And the bricks are traded like stock.
[37:04] So they re-value the property, re-value the property, and you get your share of the rent, which might be $2.80, but you own a brick of that property.
[37:12] Yeah, we are.
[37:13] It's pretty cool because the kid's even writing.
[37:15] Imagine if you could get online.
[37:17] I've seen them like $200.
[37:18] Imagine if you get them to save $200 and they own a brick in a property in Coogee.
[37:22] That's pretty cool.
[37:23] It's in your name, but it's pretty cool, right?
[37:26] Yeah.
[37:26] Because imagine like... Something to work towards.
[37:28] He still owns a percentage of a property in Coogee.
[37:30] Imagine if you got him...
[37:31] from what nine imagine from nine to 18 slowly getting 200 to imagine slowly acquiring 20 000 30 000 of a property and then letting it grow for 10 years and having that share yeah brick x there's bigger ones that'd be sick yeah there's
[37:49] And always check all the licensing and that.
[37:51] But that's a big one.
[37:52] I think there's another one, Domacom.
[37:54] And they do like KFCs and they were going to buy Kidman Station when they were going to sell it off overseas.
[37:59] Domacom's a big like fractional one.
[38:01] There's all these like fractional property ownerships becoming a new thing.
[38:05] That's unreal.
[38:06] I'm working on something in the background.
[38:07] It's probably going to take another year to finish.
[38:09] But around fractional property.
[38:11] and tokenization of it for people that can't afford a property or want to get the kids in i could easily get all the infinity clients to all just buy a percentage of it yeah yeah the licensing and legals it's yeah it's cost a gazillion dollars or it didn't have no fucking product but it'd be cool when we relaunch it yeah
[38:28] Yeah, that's, we should look into something like that.
[38:31] Yeah, he's more conservative.
[38:34] Our daughter, she just wants a little boo-boo.
[38:36] Like, she doesn't really care.
[38:38] She'll just blow that money that she got to grandparents.
[38:40] Oh, it kills me.
[38:42] Yeah, so we do speak with them a lot, especially like trips away, had to organize grandparents to have them.
[38:47] So we just explain, you know, we're not going up there to have all fun.
[38:51] Just a little bit.
[38:52] But we're big on teaching them because I come from a family that didn't really know finances well enough.
[39:01] My parents have worked really hard their whole life.
[39:03] Yeah.
[39:03] Still do.
[39:04] My dad's a builder, so he works hard.
[39:07] And we don't have generational wealth as such.
[39:11] So I want to teach them so they know.
[39:13] They know what's involved.
[39:14] They know what to do.
[39:15] So we're just literally changing things.
[39:18] It would be scary to think, to know what we know now, in 12 months, what you could have if we got kicked into this when we first started work.
[39:27] Wait till you know what you know in 24 months.
[39:29] Exactly right.
[39:30] 36 months.
[39:30] I know.
[39:31] And we kicked ourselves that we didn't sign up five years ago, but we didn't know.
[39:34] He's young, he's a baby still.
[39:36] Yeah.
[39:37] You meet some of these people like the Rosewalls and Troy's and Sidorados.
[39:41] All these people have been around for 10 odd years, or longer, 13 years.
[39:45] and like their knowledge base, even just for you guys to have a beer and pick their brain.
[39:49] Yeah.
[39:49] It's not my level, but they get it at a whole higher level again.
[39:52] Yeah.
[39:53] Yeah.
[39:53] Like the journey for you guys is so fresh.
[39:56] Like it is so think about what you'll know in two years, three years, and then what you'll be able to filter down to the kids.
[40:02] Yeah.
[40:03] I mean, Oscar's an example of that.
[40:04] I know.
[40:05] And be able to show them things like, you know, be able to go to Melbourne and be like, we own that,
[40:10] Oh, we can't afford to live in it.
[40:11] Get in the car.
[40:12] We've got to go back.
[40:14] We're not living here, guys.
[40:14] We can't afford it.
[40:16] Every time it fun owns it.
[40:17] You do learn from your mistakes, but imagine if you could learn from not making mistakes.
[40:22] I've renamed... Trust me, I've done a lot of fucking mistakes in life.
[40:26] I've renamed mistakes.
[40:28] They're lessons.
[40:29] They are lessons.
[40:30] Only a mistake if you make it twice.
[40:32] You do it again and again, you're a dumb fuck.
[40:35] Yeah.
[40:36] But if you can go, okay, I did this, that's the lesson of life, right?
[40:40] Like, okay, I did it.
[40:42] It didn't have the right outcome.
[40:43] I can learn from it.
[40:44] It is a lesson.
[40:46] It's something that I learned the hard way.
[40:48] Yeah.
[40:48] And everything got us to where we are today.
[40:50] Like I look back and think, oh yeah, good move moving home from Coogee.
[40:54] Obviously we wanted to get in the market.
[40:56] We wanted to have kids.
[40:57] We couldn't afford it there.
[40:58] We were living within our means.
[41:00] And we still are.
[41:01] And then obviously the house and land, that helped.
[41:04] Our next thing will be we have outgrown that and we need to build.
[41:08] but hey our house is going to be you know we're going to be like the acreage lifestyle property out there or you know relocate or yeah it'll just be residential at this stage um whether it's just a stepping stone yeah oh i'm not settling into anything to life sharing a room at the moment we do have another choice we technically have five bedrooms if you put it like that but we
[41:33] Yeah, it's, yeah.
[41:36] So many things have got us to this point.
[41:38] Yeah.
[41:39] And we kick ourselves.
[41:40] It's a journey.
[41:41] Yeah, we kick ourselves that we didn't sign up prior.
[41:44] But hey, we did sign up and look where we are now 16 months later.
[41:48] The biggest part is making that step.
[41:50] And then once you've made it, you're so comfortable.
[41:54] Like it's, you're trusting it.
[41:56] It's just a new way of life.
[41:58] It's not uncomfortable.
[41:59] Yeah, we have a budget.
[42:01] So what advice would you give to people at home that are like, fuck, July last year, okay, so early Feb or something, but you sold your old, so many people listen to this, they've got their old home and they think it's the, and the broker will tell them it's the right thing to do to get two loans.
[42:18] It's fucking not.
[42:19] Now,
[42:20] Your old home can continue to go up in value, but it's got to outgrow the 60, 70, 80 grand a year you might be paying over here.
[42:27] Yes, it's better to have two, but when you pay off yours and have no...
[42:31] You can go buy four or three.
[42:34] That is better than two.
[42:35] If you look back and see what you've paid in interest on them loans as to how much it's going up in value, it's not going to be much.
[42:43] We had our old house like 10 years and we didn't even dint the loan.
[42:47] No.
[42:48] We didn't even dint it.
[42:49] Yes, it doubled in value.
[42:51] When I say doubled, again...
[42:53] rural small town it's it it's doubling was still not dramatic um but to know that we didn't even dint the line and now and we've just wiped our hands of it i'm like i'd say to you surely we've paid off you know do we own it yet and she's like nah dolls what do you mean yeah it literally was
[43:17] But we were literally the rent's coming in and who cares?
[43:22] Yeah.
[43:22] We were just, we were just complacent.
[43:24] We were just comfortable.
[43:25] We didn't know.
[43:26] And we didn't have anyone to help us.
[43:27] You don't know what you don't know.
[43:29] Exactly.
[43:29] And all I wanted.
[43:30] So obviously we signed up with infinity.
[43:33] You didn't, you guys didn't say do this.
[43:36] You gave us three options.
[43:38] Keep this, keep this.
[43:39] This is what you can do.
[43:40] Sell this, keep your home.
[43:42] This is what you can do.
[43:43] Sell both.
[43:44] This is what.
[43:45] So you gave us options and you let us decide what we thought was better.
[43:49] And then obviously when we said option two, then you guys went, yeah, we agree.
[43:53] Yeah.
[43:53] That's the right choice.
[43:54] But that is definitely the right choice.
[43:56] We were happy to get rid of our old home.
[43:58] Some people are obviously really attached to it.
[44:00] We weren't.
[44:01] It was old.
[44:01] It was needing work.
[44:03] It was just annoying.
[44:05] So we definitely.
[44:06] So good you moved out of it.
[44:07] Yeah.
[44:07] Oh yeah.
[44:08] So pretty.
[44:09] I miss it so much.
[44:10] Not.
[44:12] Zero regrets.
[44:13] So, so what would you say?
[44:14] Help out the people at home that are hanging on to their old home.
[44:18] So they are emotionally attached to it and they're in a small town too.
[44:22] And the kids grew up there and they've got all these memories there.
[44:26] It's just a house.
[44:27] You make new memories in a new house.
[44:30] A new debt free house.
[44:31] Yeah.
[44:31] And their memories are only going to last so long.
[44:34] Okay.
[44:34] And people hold onto it because they think their kids care.
[44:37] Yeah.
[44:37] Kids are resilient.
[44:38] Yeah.
[44:38] They love a new house.
[44:39] Yeah.
[44:40] Give them a bigger house.
[44:41] Give them a bigger backyard.
[44:42] Give them a new room.
[44:42] We lived in a shed when I was a kid and it was probably the most fun I ever had in my life.
[44:47] Mind you, they were building a very nice big house at the time.
[44:49] So don't.
[44:50] It was intimate.
[44:51] It was, and we moved in this big house and it was like.
[44:53] He reckons it's the best one he ever had.
[44:55] It runs all the way down there.
[44:56] Plane Tarsan in the shed.
[44:58] Oh, good.
[44:58] Yeah.
[44:59] Yeah.
[44:59] Okay.
[45:00] What's some of the hardest things you've had to go through in the last, because July last year, we were like sort of a year and a half in.
[45:06] What's been the hardest changes?
[45:08] Yeah.
[45:10] For me, adapting to the FFF has probably just been, in saying that too, it wasn't a hard change, but just adapting to that.
[45:18] Being more wary of our spending.
[45:20] Yeah.
[45:21] Being more mindful.
[45:22] Because with, obviously, your barefoot investor, you have a splurge bucket.
[45:26] You know, you have a couple hundred dollars a week that you can blow.
[45:28] You can buy coffee.
[45:30] You can buy some beers with it.
[45:31] Yeah.
[45:32] So yeah, if you go away, he's like, Oh, well, I've got to, you know, I'm going down to the dam.
[45:38] I've got to buy some beers and some food.
[45:40] Set a budget for it.
[45:41] Yeah.
[45:42] So, so he feels a bit guilty, but I'm like, you're allowed to.
[45:46] Yeah.
[45:46] You're allowed to.
[45:47] We're still on par.
[45:48] Get your beers, get your meats.
[45:50] You've still got to leave.
[45:51] Me sort of spending a bit more than you.
[45:53] And I work on the road a lot.
[45:54] I was going to say, is it hard or are you just more conscious, it sounds like?
[45:58] Just more conscious.
[45:59] Definitely.
[46:00] Yeah.
[46:00] It's been so good.
[46:02] Yeah.
[46:02] It's really good.
[46:04] We definitely... Obviously, I check... And working on the road now, are you just stopping by shit or you're packing shit?
[46:09] Yeah, well, that was probably... We sat down one day and went through my expenses.
[46:14] Before Barefoot.
[46:14] And I highlighted it and went...
[46:17] Just me tapping like a cafe.
[46:20] Yeah, cafe.
[46:21] I'd go to the cafe in the morning.
[46:22] I'd go at lunch.
[46:23] I'd stop in and get a couple of drinks in the afternoon or whatever.
[46:25] So I sat down and was like, do you realise how much you've spent this week on tapping?
[46:29] It was like $100.
[46:30] I was like $500.
[46:31] He was like, what?
[46:32] And I went...
[46:33] You spend a hundred bucks a day.
[46:34] Yeah.
[46:34] Yeah.
[46:34] It's so like, you look at like a lot of construction guys and that, and the smoko truck car on the way to work.
[46:39] Yeah.
[46:39] They usually get the breakfast, they're straight out the door in their bloody hive, you know, they're usually getting the coffee, the bacon and egg roll, the chocolates, the big bloody brekkie.
[46:48] Even just bottles of water.
[46:50] Yeah.
[46:50] Like bottles of water for $6, a bottle of water in that go through four of them a day.
[46:54] It's $24 in water.
[46:56] Like, it's so frustrating.
[46:58] What do you mean when you can just take it from home?
[47:00] And we buy bottled water, so that hasn't changed.
[47:03] Complacent and just not worrying about it.
[47:05] Tapping the card because I know there's money in there and it's never going to decline.
[47:08] Luke, your mum brought you the coffee machine for your birthday.
[47:11] That has helped.
[47:13] He takes a coffee from home.
[47:14] That has definitely helped because... Big saving.
[47:17] Yeah, it is a big saving.
[47:18] I recommend that to anybody.
[47:20] And I feel like if you're not going in the coffee shop to get the coffee, you're not then buying the raisin toast or the burger or whatever else.
[47:26] So then before you know it, you haven't spent, yeah, he loves pie.
[47:30] You haven't spent the 35 bucks before 9am.
[47:34] You've got to make little changes.
[47:36] But if you've got a goal and you're working towards it, you're happy to do that.
[47:40] I was going to say, how good was the holiday to Bali?
[47:42] unreal yeah really kids loved it did our nuts spent a fortune you guys loved it yeah it was good it's so good so it's worth not worrying about a fucking pie and some bottled water every now and then yeah absolutely on the bottled water in bali yeah yeah yeah it's yeah you gotta have a budget if you're not willing to give it a go it's not infinity is not for you yeah
[48:07] And you basically said in your two-day masterclass, you've got to get uncomfortable.
[48:12] If you're not willing to get uncomfortable for, say, three years, you're not going to make change.
[48:16] I said three to five years will absolutely fucking change your life.
[48:19] Look what you guys have done in your time.
[48:21] Exactly.
[48:21] And people aren't willing to get uncomfortable.
[48:23] And I think, well, it's not for you.
[48:24] So you do you, boo.
[48:25] Off you go.
[48:25] Yeah.
[48:26] Don't grow in you.
[48:26] You do you, boo.
[48:27] I love it.
[48:28] A lot of the mentality, like, spend it.
[48:30] You get more next week.
[48:32] You make more money.
[48:33] Spend it.
[48:33] Well, the average intellect is I work hard, I deserve it.
[48:36] Yeah.
[48:37] Just tap, tap, tap.
[48:38] And then can't register the car.
[48:40] Can't pay for kids' braces.
[48:41] Or it hurts.
[48:42] I can't get a house deposit.
[48:43] The market's so far.
[48:44] Yeah, because you're outspending $12 on coffee flat out every morning.
[48:47] I've never met someone ever in 25 years that whinges about not being able to buy a house that doesn't blow probably $200, $500 a week on shit.
[48:57] Yeah.
[48:58] Yeah.
[48:58] Literally.
[48:59] And you show it to them and most people are in denial.
[49:02] They're in denial.
[49:03] I love the people that go, I get it.
[49:05] Yeah.
[49:06] Shit.
[49:06] Yeah.
[49:06] And then sure enough, they go off and do their thing.
[49:08] Some people are just never going to change.
[49:10] Yeah.
[49:11] And that's what I say to people.
[49:12] Like I don't even, the people that have reached out to me because they've seen me tag you on socials and stuff like that.
[49:17] I don't even try and explain it now.
[49:19] I don't say what we've done either because you don't want to sound like a dick or you don't want to make it sound too good to be true that it's some mad scam.
[49:26] Oh, I don't have an old house to sell.
[49:29] Yeah.
[49:29] Yeah.
[49:29] Okay.
[49:30] Well, okay.
[49:31] We've got a family of five and we paid 40 grand off our loan in four months.
[49:35] And that's not a scam.
[49:35] Like, so people in our small town.
[49:37] I love that one.
[49:38] It's a scam.
[49:38] Well, look at my statement.
[49:41] You can't argue with stupid and you can't make up statement to document advice, right?
[49:46] But everyone's got an opinion.
[49:48] I know.
[49:48] And they think we've joined some mad cult.
[49:51] People doing videos on me and posts on me all the time.
[49:54] And I don't even see them anymore because I just block them.
[49:57] I'm like, I'm not fucking worried about it.
[49:58] Good luck.
[49:58] And it works.
[49:59] Like we and everyone that's part of Infinity, everyone's on a different journey.
[50:04] And I do obviously watch the podcast.
[50:07] You know, the family sit on here and we've all got different stories, but we're all doing the similar thing.
[50:11] We're all leading to the same goal.
[50:12] It's the same foundational structures.
[50:16] Yep.
[50:16] We're just all at different stages.
[50:17] Different stages, different lifespans, incomes, outgoing inflows, et cetera.
[50:23] But the core, the slab is the same.
[50:26] Yep.
[50:26] Like here's the principles, here's how it works.
[50:29] And it works.
[50:29] And then everyone's got their little deviation of it.
[50:32] what um what advice would you give some people that at the moment that are like you know like you guys you see it and you go oh okay this could work oh I don't know like would you tell them to get off their ass would you tell them to go through and highlight the statements like what advice can you give I'd give the advice to watch the two hour the free webinar free webinar yeah um take in what you can from that yeah sign up to the masterclass and you'll know yeah
[51:01] You'll know after that.
[51:02] Let's say they can't afford me.
[51:04] Forget me for a second.
[51:05] Like genuinely do the free webinar.
[51:07] I've got a 42-minute version running at the moment.
[51:10] You literally explain what you need to know in that time.
[51:13] And if you've got a big mortgage or a mortgage in general and you're just chipping away, doing the normal minimum repayments, listen to the webinar and at least just take that on board and apply that.
[51:24] I was going to say apply it.
[51:26] Apply it.
[51:26] You've got to apply it.
[51:27] It's one thing to watch it.
[51:28] Set up your budget.
[51:29] Yeah.
[51:30] Put all your money there.
[51:31] Like if you can, I tell you exactly what to do for free.
[51:33] You literally say it.
[51:35] And if you're not willing to put it in play, then you don't care enough.
[51:39] So then don't be sad when someone else is doing better than you.
[51:43] Yeah.
[51:44] Ring-a-ding-ding.
[51:45] Yeah.
[51:45] Love it.
[51:46] If you're not willing to get uncomfortable, then you obviously don't want it.
[51:49] So, yeah.
[51:51] And if they can't afford you, go and see someone.
[51:53] Yeah.
[51:54] See someone.
[51:54] See someone.
[51:55] And you're big on that.
[51:56] You don't say it.
[51:56] No, I'm doing it.
[51:57] Yeah, fine.
[51:58] Like, I'm expensive.
[51:59] Yeah, yeah.
[52:00] Go and see someone.
[52:01] Yeah.
[52:02] Go and see someone that's free.
[52:03] Yeah.
[52:03] Okay.
[52:05] Uh, where to from here?
[52:07] What's the plan now?
[52:09] Cause you're like sitting in the theater room.
[52:11] You're like, I wonder where we'll be in 12 months.
[52:14] Here we are.
[52:15] Like we're 18 months on now.
[52:17] Another 18 months.
[52:19] What's the big goal?
[52:21] You said maybe increase the home a bit more.
[52:24] Yep.
[52:24] So probably the next thing will be to build another home, something bigger.
[52:30] We don't want acreage because they just suck money.
[52:32] My dad lives on acreage.
[52:34] My sister, there's just work.
[52:36] It's just work and we're not into it.
[52:37] Second job.
[52:38] Yep.
[52:38] It's a second job and I'm not down for it.
[52:40] So next stage will be to build a bigger house.
[52:43] Obviously we own our home, so we'll have a nice chunk of money to set us up very comfortable.
[52:48] Bigger shed.
[52:49] We will sell that.
[52:50] He wants a bigger shed.
[52:51] To put his toys that were not...
[52:52] It's not acreage, but it's a decent sized block.
[52:54] Yeah, a good sized block.
[52:55] In the country... Quarter acre or something.
[52:57] Oh, well, you can, you know, a thousand square metre block.
[53:00] Yeah.
[53:01] Will do us nicely.
[53:02] I'm a lawn person, so I like my yard.
[53:04] Or manicured, it's easy.
[53:06] And I'd rather be investing and do bigger things than be sitting on principle and interest, big debt and...
[53:12] Okay.
[53:13] So we might go back into debt then for the home.
[53:16] Let's say, let's make up some numbers.
[53:18] What's yours worth if we sell it today, Eureka?
[53:19] Yeah, probably get $7.30.
[53:20] $7.30.
[53:21] And we worked out we probably need about...
[53:23] Spend nine.
[53:24] Yeah, not quite nine to do it.
[53:26] Lavish big shed.
[53:27] So maybe if we sell and buy or if we just did a shed?
[53:31] No, sell and build.
[53:33] Sell and build, probably nine with a shed.
[53:36] Yeah.
[53:36] Call it a, okay, so you're going to go into 170 grand a debt.
[53:40] We'll smash that.
[53:40] We paid 40 off in former, 4.812, right?
[53:44] So we can go into the bigger house right now, move all the cash in tax-free,
[53:49] Borrow about 170 grand, have the bigger house, the shed, the lawn, porn, water system in, fucking happy days.
[53:56] Absolutely.
[53:56] I'm not moving sprinklers again.
[53:57] I'm not doing, I don't know.
[53:58] I fucking love a lawn.
[54:00] I love it.
[54:00] I've got competitions going with mates with lawn.
[54:02] Love it.
[54:02] Yeah, same.
[54:03] I'm a shocker for it.
[54:04] Yeah.
[54:05] So we're going about 170 grand, a debt, 4, 8, 12, 16.
[54:09] So you're talking a year and a bit, like under a year and a half, another 18 months, you'd own that place too.
[54:17] Yeah.
[54:17] It's crazy.
[54:19] While still investing.
[54:21] While still doing everything else we're doing in the background, living, living within our means.
[54:27] It's mad.
[54:27] Get the tissues.
[54:29] I'm good now.
[54:32] It's well done guys.
[54:34] It's, it's pretty simple.
[54:36] Once someone like you says it in simple English for us to all understand and you're willing to give it a crack.
[54:43] You're willing to get uncomfortable.
[54:45] Yeah.
[54:45] And if you're not, then you don't want it.
[54:47] It's true.
[54:48] You got to want it.
[54:49] You got to want it.
[54:49] Don't want it.
[54:50] You got to be prepared to go without, get uncomfortable, have a car.
[54:52] And people like that think it's some weird cult because we also did 75 hearts.
[54:56] They're like, well, what is this infinity?
[54:57] Like yous have lost it.
[54:58] Now they're making you do fitness.
[55:01] Yeah.
[55:02] Yeah.
[55:02] They're, oh, they've gotten in your heads.
[55:04] Oh yeah.
[55:05] All that jazz.
[55:06] It's not a cult because it's no different to me.
[55:08] Oh, he's making money off you.
[55:10] Everyone's making money.
[55:11] That's the way the world goes round.
[55:13] It's no different to me going to a real estate agent, going to a broker, going to a financial advisor, going to an accountant's.
[55:19] You've got to both make money.
[55:21] Yeah.
[55:21] Business has to be mutually beneficial.
[55:23] Yes, of course.
[55:24] Service, product, outcome, et cetera.
[55:26] If you don't get a return, you don't sit here 18 months later and tell everyone how great it is.
[55:30] Exactly right.
[55:31] And you don't – but you get a return beyond your wildest dreams or any other – you're going to tell the whole fucking world with me because it's so unique indeed.
[55:40] Yeah.
[55:40] And for people that think we've signed up some cult or you're not real –
[55:44] I'm like, but no one, yeah, no one judges if you go to each individual professional to get the advice and do this.
[55:50] Like, you can obviously do this without infinity.
[55:53] No one thinks you're in a cult then.
[55:54] Yeah.
[55:56] But all of a sudden.
[55:56] It's because we created a cool community.
[55:58] It's because it's a community and it's so much beyond it.
[56:01] I fucked up.
[56:02] If I'm meant to be a cult leader, I should have took the 720 gram for myself.
[56:07] Yeah, you should have.
[56:08] Instead of for the Kmart.
[56:09] Yeah, exactly.
[56:10] I've got this cult thing upside down.
[56:11] Yeah, you need to stop being so giving.
[56:13] Fuck.
[56:13] The pyramid scheme one gets me.
[56:15] Oh, yeah, yeah, yeah.
[56:16] We're not selling Cajun water, can't we?
[56:19] Fuck.
[56:19] I can tell you as much as how good it's been for us.
[56:22] And if you sign up, I'm not going to make a cent out of it.
[56:24] Yeah.
[56:24] So there's no pyramid scheme going on.
[56:26] That's always, that's a good one.
[56:28] I don't care if you sign up.
[56:29] Yeah.
[56:31] If anything, don't sign up.
[56:33] Don't sign up.
[56:34] That's good.
[56:35] You just keep liking my stories.
[56:37] Yeah, I kind of can't get any bigger.
[56:39] You see, there's no space in the office.
[56:41] People are hot desking.
[56:43] I don't want to open any more offices.
[56:44] I've had a fair few friends that are like, oh, yeah, yeah, no, we did watch the webinar.
[56:49] I'm like, well, if something didn't click for you then or you didn't jump into your masterclass...
[56:52] You're either not ready or it didn't suit you for whatever reason.
[56:55] And that's not, it's not anyone's job to push it.
[56:58] Like I'm trying to push people away.
[56:59] Yeah.
[57:00] Way more people than we can help.
[57:01] So yeah, it's good.
[57:03] It's good.
[57:03] It's good community.
[57:04] Yeah.
[57:04] It's unreal.
[57:05] Every single person we've met and every single person we've met at both Rams have just been amazing people.
[57:12] Yeah.
[57:13] Like-minded, great, honest people.
[57:15] Yeah.
[57:15] All as crazy as me.
[57:16] Yeah.
[57:17] Yeah.
[57:17] And to come from a little area where you've got to kind of keep it hush hush because it sounds too good to be true.
[57:23] You don't really, really get it entirely.
[57:26] So you can't really explain it.
[57:28] So to be able to come to a room of,
[57:31] five, six, 700 people that are all doing the same thing and there's no taboo around money.
[57:36] Like that first REM, we went back and my mum was like, what was it like?
[57:40] She's still so unsure about the whole thing.
[57:43] And I'm like, yeah, we just sat down with hundreds of people and just spoke money and no one cared.
[57:49] It's just a business transaction.
[57:51] No one cares what you're driving, what you're doing.
[57:53] What you're earning, what you're spending.
[57:55] Yeah, so what do you do?
[57:56] Oh, I'm a plumber.
[57:57] I'm on 120 grand a year.
[57:58] I'm a this, I'm a that.
[58:00] no one cared.
[58:00] There was no taboo around it.
[58:02] Imagine your normal local town at the dinner table saying, oh yeah, we've got a budget of $700 a week.
[58:06] Don't tell people your financial affairs.
[58:08] Yeah.
[58:08] Oh my God.
[58:09] Oh yeah, we earn this.
[58:10] And no one's, no one's better than anyone else.
[58:12] No, no one.
[58:13] And like, you know, we're rubbing shoulders with doctors that are on 400 grand a year.
[58:18] And, and they're just talking to us just as normal as normal.
[58:22] And they're buying into the same buildings that we're buying into.
[58:25] People get upset.
[58:25] It's like, I'm not any better than any other broker, but I do things that are different.
[58:30] You have the ability.
[58:32] That's all.
[58:32] It's different.
[58:33] And coming from a small area, we needed to think outside better.
[58:37] the box we needed to get outside this little country mentality then you've got to bring in the financial planner the account because if you go see all these people independent and they don't get in the same room or same zoom right nothing's working the advice is pulling you in they have they've got their advice that sells you that and it hopefully works and that's that you've got to bring it together because it should complement each other
[59:00] That's when you make some serious money.
[59:01] And then basically they're pulling something off realestate.com anyway and you're buying in the same small town.
[59:07] Could have found it yourself.
[59:09] With minimal growth.
[59:10] Like I'm thinking, man, I could have made that just with the construction.
[59:15] Just while that was being constructed outside of our little community.
[59:20] And that's what's life-changing for us.
[59:21] You are bigger and broader.
[59:24] and can source things.
[59:25] We don't know.
[59:26] And another thing I could say is... We have no idea.
[59:27] We've never even been to Brisbane.
[59:29] People that are thinking about signing up, don't be scared because it's not scary.
[59:33] It's not scary.
[59:34] It might seem daunting, but it's not at all.
[59:36] It can be fun.
[59:37] It's fun.
[59:37] It's so much fun.
[59:38] Could be painful.
[59:39] Could be fun.
[59:40] Hey, while we're here today, you got any questions for me?
[59:46] Yeah, I did have a couple of questions.
[59:50] We discussed a couple together.
[59:52] We did.
[59:52] Some we prepared earlier.
[59:55] So one's probably the first REM you talk big on vehicles.
[59:59] You'll be happy to know we since sold his Hilux.
[1:00:01] Got rid of that because we won't use it yet.
[1:00:02] So that's great.
[1:00:05] How, obviously when you get a new car loan,
[1:00:09] How is that working?
[1:00:10] Like is that coming out of your bills and salary?
[1:00:12] How is that loan structured?
[1:00:14] Yeah, it's one of your bills that will come out if you've got a loan for it and keep the equity in the home to go and invest.
[1:00:19] Yep.
[1:00:20] It can affect your serviceability.
[1:00:21] Yep, absolutely.
[1:00:22] So you've got to do your investing first, your cars later.
[1:00:25] Yep.
[1:00:25] And then usually when we're doing more investing, we're then going to upchange cars.
[1:00:29] So there's a bit of a chronological credit timeline to it.
[1:00:33] Yep.
[1:00:33] But it's not your food, fuel, fun.
[1:00:35] It's just out of your redraw.
[1:00:36] Remember, if you sell your Hilux and dump 50 grand in your loan, you've got 50 grand you're saving 6% on.
[1:00:43] Debt recycle the 50 grand out, buy a property, you're now making money.
[1:00:48] So then that gets to fund the car, so to speak, for free for you.
[1:00:51] If you get 50 grand ahead of your home loan and then go get a car loan to not use your equity...
[1:00:56] Well, there's 50 grand in your redraw to pay 50 grand of car repayments.
[1:01:01] Yes.
[1:01:02] You just direct debit it out of the line.
[1:01:04] I always wondered.
[1:01:05] You just take it straight out of it.
[1:01:06] Because effectively, you've put the 50 grand back.
[1:01:09] Yes.
[1:01:10] And then you drive the car.
[1:01:11] And at the end of the month, you pay the car payment.
[1:01:14] That's insane.
[1:01:15] You drive the car.
[1:01:16] And people forget, it's like, I mean, I had a 76 TX Gemini with an FJ20 Turbo in it.
[1:01:22] No one would have thought when they bought a Gemini back then for $2.
[1:01:25] That was my first car.
[1:01:27] There you go.
[1:01:27] I love cars.
[1:01:28] $800.
[1:01:28] But you've got to remember, you go buy a Hilux today for $80,000.
[1:01:33] You're not going to drive $80,000 worth of the car.
[1:01:36] No.
[1:01:36] Some kid will have that on their P's in years to come for $20,000.
[1:01:39] Yeah.
[1:01:40] So the logic says, like smart companies, right, I want to buy the $80,000 car.
[1:01:44] I've worked out and established I want to sell it in three years at 85,000 Ks while it's still in warranty, two years and 10 months.
[1:01:54] So it's a good warrantable car, not a lemon.
[1:01:57] Yeah.
[1:01:57] It's what the big corporations do.
[1:01:58] You never get in a higher car that's old.
[1:02:00] Yeah.
[1:02:01] Ever, were you?
[1:02:01] Yeah.
[1:02:02] Because they make money out of it business-wise.
[1:02:04] So you get the car, say it's new or new, you fund 80 grand, but you have what's called a balloon or a residual.
[1:02:10] And the balloon or residual might be, I'll use a round of 100 grand, so it's 30%, 30 grand, right?
[1:02:16] You only pay off 70 grand a principal.
[1:02:19] in the seven years or five years or three years and the other 30 grand you never pay off it's called a residual and at the end of the three year or seven year term you still owe 30 grand you trade the car for 30 grand and they take it off you now if you trade the car for 25 grand you have what's called negative equity you're short five thousand dollars to sell the car
[1:02:42] yeah that's an issue you're up so you've got to pick good cars good brands and you've got to know what cars are approximately worse so things like toyotas you know yeah i don't know those cars are pretty consistent and reliable that a hyalax a camry or corolla
[1:03:01] They're this much when they're new and some of them are dearer secondhand.
[1:03:05] So you kind of, you know what their lifespan is.
[1:03:07] So you can actually financially, you can model that in year three or extend the warranty in year five, it's worth X.
[1:03:15] And you just consider renting, unless you're collecting fucking supercars or this or whatever, you consider a cut, you're renting it.
[1:03:23] You drive it, you pay the rent when the rent's due at the end of the month.
[1:03:26] You drive it, you pay the rent.
[1:03:28] Fixed cap price servicing, end of the term, just before warranty expires, you go and get a service, you get it all checked, and then off it goes to somebody that's still a good car in new car warranty.
[1:03:40] As soon as it dips that new car warranty, it drops in value.
[1:03:44] We owned our vehicles, so I was like, why don't we go and get another loan?
[1:03:48] It sounded, I'm like, too good to be true.
[1:03:50] Are you in school?
[1:03:51] Yes.
[1:03:52] Yeah, jump into school.
[1:03:53] Bex uploaded the whole masterclass in there.
[1:03:56] Is there a section you can actually go on?
[1:03:57] There's a section in there and it's classroom.
[1:03:59] Yeah.
[1:03:59] And if you go in a classroom, you can watch the whole car presentation again.
[1:04:03] Yeah, sweet.
[1:04:03] I'm going to have a look.
[1:04:04] Yeah, nice.
[1:04:04] It's on day two, chapter two or three.
[1:04:08] Yeah, that's right.
[1:04:08] After Doc Wilson.
[1:04:10] Yep.
[1:04:11] So once our P&I, well, we've got like 10 grand to go.
[1:04:15] Once that's done, do we then start rapid repaying into like a vault as such?
[1:04:20] Like, are we sweeping?
[1:04:22] Where are we sweeping?
[1:04:23] What's happening?
[1:04:25] The rate you guys are reducing debt, I'd be interested to have a look at your serviceability again.
[1:04:31] Yeah, right.
[1:04:32] And make a decision on maybe either buying another investment or starting to build the new house.
[1:04:38] Yeah, right.
[1:04:39] Now.
[1:04:39] Yeah.
[1:04:40] Because given that we know we've got a proven, documented, statement and record of you smashing 40 grand off in four months, right?
[1:04:48] A principal, well, that tells us 4, 8, 12.
[1:04:51] That's 120 grand a year.
[1:04:53] That's a deposit on a one point.
[1:04:54] Things aren't that good every month, but yes.
[1:04:57] Life happens.
[1:04:59] Drop 20 grand off it for the year, right?
[1:05:01] 400 bucks a week.
[1:05:02] It's a hundred grand a year.
[1:05:03] It's a 10% deposit on a million dollar home.
[1:05:05] Yeah.
[1:05:06] Wow.
[1:05:06] That's the deposit on your new home you want to build or another investment property.
[1:05:10] Yeah.
[1:05:10] You've got your home to sell.
[1:05:13] So I'd really like to get the team to review your whole strategy again.
[1:05:16] In the new year once.
[1:05:17] Yeah.
[1:05:18] So I love the podcast because after the podcast, we go, why would you want to do the podcast?
[1:05:22] Well, because once we get to sit together and go through it, when we finish, I get to make a heap of notes, send it back to the team, we do a whole new strategy.
[1:05:28] Yeah.
[1:05:28] Because it's what you say, what you don't say, the questions you ask me.
[1:05:31] I'm like, oh, what's the next evolution?
[1:05:33] Okay, home's really important.
[1:05:34] Yeah.
[1:05:34] We're going to sell one to borrow and borrow a little bit.
[1:05:37] So then we do a futuristic capacity to say, if we bought for a million and sold for $750, say, right?
[1:05:44] Big numbers.
[1:05:45] Yeah.
[1:05:45] We're going to borrow $250.
[1:05:47] Will the bank give us that today with all of our investments?
[1:05:50] Tick.
[1:05:51] Great.
[1:05:52] What would they give us on top of that?
[1:05:54] Oh, they'd give us another million dollars.
[1:05:56] So right now today, I'm just making up.
[1:05:58] Right now today, we can buy the new home for a million bucks.
[1:06:01] We can sell the old one for $750 when the home's finished being built.
[1:06:04] So live in yours until it's nearly done.
[1:06:05] Then maybe it's $8850, not $750.
[1:06:07] Yep.
[1:06:07] All right?
[1:06:08] So you don't have to go pay rent.
[1:06:11] And we can put a deposit on a million dollar property right now and have another investment.
[1:06:15] It's wild.
[1:06:17] It's wild.
[1:06:18] It is.
[1:06:18] So we probably want to review that.
[1:06:20] Yeah.
[1:06:21] So then we can do an episode two of this podcast for you guys.
[1:06:25] Where things are at in another 18 months.
[1:06:27] Six months.
[1:06:28] Three months.
[1:06:29] Things go so rapidly, like time just gets away before you know it.
[1:06:32] Yeah.
[1:06:33] So that'd be like in the new year, like get through the holidays, Chrissy party, but we'll get the team working on that now.
[1:06:39] You just tell them, just go, hey, I know Jay sent you some notes, but in our podcast, this come up, we want to spend nine.
[1:06:45] We want to know where we're at.
[1:06:46] We need to speak to Anthony.
[1:06:47] Nick had suggested like three months ago.
[1:06:50] So we've been trying to tee up an appointment.
[1:06:52] Yeah.
[1:06:52] See where things are at.
[1:06:53] Pull his ear while you're here.
[1:06:54] Well, probably can.
[1:06:55] Yeah, just go down to his desk and say, oi.
[1:06:58] Another thing I was interested to know, everything that we've got and what most people we speak to are all new builds.
[1:07:05] Would you ever recommend or would you ever go down the path of buying something that's obviously older in a really high demand?
[1:07:13] Yes and no.
[1:07:13] Like eastern suburbs.
[1:07:14] We love Koochee, clearly.
[1:07:16] Yes and no, the yield's fucking dog shit.
[1:07:18] Yeah.
[1:07:19] So when you've got those letters of interest rates going up, which will happen again in society, whether it's 10 years, 20 years, when you own one of those properties and it's, I've got an apartment in Coogee, darling, and I paid $2 million for it, and it rents for $1,000 a week, it's a 2.5% yield.
[1:07:35] It's so negatively geared.
[1:07:37] It's so negatively geared.
[1:07:39] And it hurts.
[1:07:39] So properties in Sydney...
[1:07:42] specifically like Bay but they are for high income earners that can cop the negative gearing because negative gearing is a fancy word for losing cash flow yeah I don't get a hundred percent of it back you get some of it back a percentage okay so yeah I would say Kooji is great you might want to go to Central Coast Newcastle Clamash I just thought
[1:08:06] Shell Coast, Shell Harbour, Gold Coast.
[1:08:08] So you can.
[1:08:11] It depends.
[1:08:11] And then also, so I'll do new and near new.
[1:08:14] I'm very open and transparent about it.
[1:08:16] Like all the properties that we do when we're doing brand new, we'll also resell them in the first 10 years.
[1:08:22] But I won't, it's less likely for me to go and buy something that's 10 years old, 15 years old.
[1:08:28] also now like i look i'm at mondrian in burley while we're doing our stuff with our house brand new room service branded residences electric charges everywhere because of hot if not ev hybrid cars at least like yeah or wi-fi like all these things now day spas health fucking saunas laser thing like yeah
[1:08:48] All these things that co-working spaces, these things that are going into buildings now that aren't in older buildings, say for units, right?
[1:08:56] Yeah.
[1:08:57] So.
[1:08:57] It's not as appealing to.
[1:08:58] Yeah.
[1:08:59] Kudji's beautiful.
[1:09:00] Look, I'm not a big fan of the Sydney one.
[1:09:02] I lived in Burrini Bay.
[1:09:03] I had a $6 million house.
[1:09:05] It's beautiful down in the Shire.
[1:09:06] They give you a free pair of fucking thongs when you move there.
[1:09:09] But you never cross the bridge, you know.
[1:09:10] Like I loved it down there because it's kind of like Wollongong, but it's the Shire, right?
[1:09:14] But I'm not into the Bondi, Kwidji fucking influencer sort of, you know, the lifestyle there.
[1:09:19] We're not either, but I just, like I remember us renting.
[1:09:23] Our rent was so expensive.
[1:09:24] We're talking back in 2012.
[1:09:26] It's expensive, but in relativity to the value, it's cheap.
[1:09:30] Yeah.
[1:09:31] So it's great to just be a renter or rent investor in Coogee.
[1:09:34] Yeah.
[1:09:35] Or Bungi.
[1:09:35] Yeah.
[1:09:36] Right?
[1:09:36] Or the Airbnb.
[1:09:37] Rent where you want to live, buy where you can afford.
[1:09:39] Yeah, in that scenario.
[1:09:41] So, and you've got areas that haven't done what Sydney's done.
[1:09:46] Yeah.
[1:09:46] So when Coogee's $2 million, Gold Coast is $900.
[1:09:51] Sunshine Coast is $900, $1.2 million.
[1:09:53] brisbane on the river like there's so many shell so many other options so many other options that are half of bond oil cogee that you can get into now that will likely end up meeting yeah yeah they haven't done and that's why adelaide blew up perth blew up these areas brisbane gold coast because it was so cheap
[1:10:13] You could buy something on the coast.
[1:10:16] I was buying three-bedroom plus study, four-bedroom sub-penhouses with ocean views in surface.
[1:10:24] Huge footprints.
[1:10:25] I was buying for $1.6 million, $1.7 million.
[1:10:27] Crazy.
[1:10:28] That's a fucking studio in Sydney.
[1:10:30] Wow.
[1:10:30] Do you know what I mean?
[1:10:31] But now they're $3 million, $3.5 million.
[1:10:33] So it's like it's getting to that stage.
[1:10:35] So the way I invest is I look at now, everything goes up over time, but you've got to have incomes growing in line for the values.
[1:10:42] And at the moment, properties have gone up a shitload.
[1:10:45] Incomes have moved a bit, like staff are very expensive now.
[1:10:49] You've got a few of them.
[1:10:50] Jobs that were like 50 or 60 grand in my business a few years ago are 90 or 100 now.
[1:10:54] Yeah, it definitely has increased.
[1:10:56] It has increased.
[1:10:56] But values have grown more than what relative years ago to buy a home, income here, value here.
[1:11:02] Now...
[1:11:03] value here income here so that's the living's crazy yeah that caps the ability for property to go up in value because you can only pay against a percentage of your income yeah yeah so that's why looking at areas that haven't yet grown that much typically help make you a lot of money until the next big batch of income growths it means those areas will have very low yields which means you're funding its growth
[1:11:28] they're great areas they'll always do well they're blue chip but they're for the people that can afford to fund their growth yeah i'd like to try to not fund the growth i'd like to try to be a little bit negative neutral maybe positive but neutrally geared you know i don't want to be funding it to go up in value to get the growth later yeah because that's my cash flow so there's a balance there but there's plenty of other areas that will be just as good as that
[1:11:57] Yeah.
[1:11:57] A lot of fantasy.
[1:11:58] Yeah.
[1:11:59] Live there.
[1:12:00] I could never go back.
[1:12:01] Yeah.
[1:12:03] We couldn't even go back.
[1:12:04] If you know someone that lives in Campbelltown and you want to catch up for a coffee in Kudji, it's fucking $86 in tolls in two hours.
[1:12:10] Yeah.
[1:12:10] Then you can't get a park when you get there.
[1:12:11] It's so expensive.
[1:12:12] I lived in Bella Vista.
[1:12:13] It's so expensive.
[1:12:14] When we moved to Sydney, I bought a house in Bella Vista.
[1:12:15] The cost of living is crazy, but at the same time, when I hear people whinge about it,
[1:12:20] Oh, it's a joke.
[1:12:21] You know, we can't do this.
[1:12:23] We can't do that.
[1:12:23] The cost of living.
[1:12:24] And I look at Luke and I'm like, you just haven't got the right structure.
[1:12:27] Correct.
[1:12:28] Smashed avo.
[1:12:30] Yeah.
[1:12:30] Coached eggs with duck.
[1:12:32] Don't get me wrong.
[1:12:33] Like we live so comfortably.
[1:12:35] Green juice at the gym for $16.
[1:12:36] We do live so comfortably.
[1:12:37] We're not tired asses.
[1:12:39] Some would say, but we do live very comfortable.
[1:12:41] We eat takeout.
[1:12:42] We go out for dinner.
[1:12:43] Our kids don't go without, but we're just living within our means because we have a goal.
[1:12:47] You're not out with your green juice in a different colour activewear set every single day along the Cougie.
[1:12:52] No, we're not.
[1:12:53] Absolutely not.
[1:12:54] It's just I find it.
[1:12:55] I watch it on the coast when I walk on the beach and I see the same people, different matching sets every day.
[1:13:00] It's so expensive.
[1:13:01] Makeup matches the activewear and I'm like, fuck, only feet or something.
[1:13:06] And that's what is quite frustrating.
[1:13:08] Like you'd often say...
[1:13:10] Like you look at people and you envy them.
[1:13:13] You know, they're driving a dual cab Land Cruiser jacked up.
[1:13:16] They've got the fengdangle caravan.
[1:13:18] You know, we're all normal.
[1:13:19] We're all thriving to do better.
[1:13:20] But you'd often be like, oh, well, how does he afford that?
[1:13:22] I'm like, it's $250 a week loan, Luke.
[1:13:25] We could do that.
[1:13:26] Yeah, you can afford it.
[1:13:27] We can absolutely afford it.
[1:13:28] We're just choosing not to because we're doing bigger things.
[1:13:31] But they're bigger things you can't see.
[1:13:32] People say you only live once and this and that.
[1:13:34] When you guys are in your 50s and flourishing and the kids are a bit older, you'll be fucking killing it.
[1:13:41] You'll have all of those things, cash unencumbered, plus income streams, plus profits.
[1:13:46] And all your friends will be fucking struggling.
[1:13:49] Not all, but a lot of your friends will be fucking struggling.
[1:13:52] It's either go without for a lengthened period of time.
[1:13:56] Get uncomfortable now.
[1:13:57] Try to get there when you get retirement and your knees are fucked and your hips are fucked and it's too late to enjoy yourself.
[1:14:03] Or be a bit uncomfortable now to build with compound growth.
[1:14:07] You've got to build early and let it compound.
[1:14:10] Yeah.
[1:14:11] Try to chase your fucking tail later.
[1:14:13] When you're literally coming into retirement going.
[1:14:15] Yeah, and then all you want to do is get really excited over a cup of tea.
[1:14:18] Cup of tea, love.
[1:14:19] Hips are fucked, knees are fucked.
[1:14:20] You don't want to go anywhere.
[1:14:21] You don't like people.
[1:14:22] You're old and grumpy.
[1:14:23] Even like, yeah, so many people say like, oh, stuff like that.
[1:14:26] You're getting a super fun giving you a little bit of money.
[1:14:28] I can't wait to be old.
[1:14:29] Because you can say whatever the fuck you want and no one cares.
[1:14:31] You do anyway.
[1:14:32] Get away with anything.
[1:14:32] You already do.
[1:14:33] Yeah, you're going to be next level.
[1:14:36] God help.
[1:14:37] Yeah.
[1:14:37] That's why I'm scared of kids because I'm like...
[1:14:40] It's going to be arguing with debating with the sassiest little mini-man.
[1:14:43] And they say things that you know it's wrong and the swear words, but you look at each other and you're like, you can't even rouse on them.
[1:14:50] They're probably going to be very smart.
[1:14:52] Yeah.
[1:14:53] Well, I mean, everyone hopes that for their kids, right?
[1:14:55] But I couldn't care whether they're artists or smart or whatever.
[1:14:58] I'm just excited for the journey.
[1:15:00] Yeah, it's good, but they do stuff your serviceability, so.
[1:15:05] Well, I'm a bit okay in that area.
[1:15:07] Yeah, well, I think you'll be sweet.
[1:15:09] And we made that decision when we were, you know, I was married, divorced, so everyone's entitled to a bad marriage.
[1:15:15] Bec's like, yeah, you are.
[1:15:16] I'm like, no, you're not because this is your first.
[1:15:17] This is your first.
[1:15:18] You can't have that.
[1:15:19] People that say, like, you only live once and...
[1:15:23] So many people, well, I shouldn't say so many, but a fair few that know that we're obviously with infinity, they don't get to understand the journey.
[1:15:30] They don't even know really what we're up to.
[1:15:32] And they don't need to.
[1:15:33] You can still be great friends.
[1:15:34] I don't need to.
[1:15:35] They all say things like, oh, who cares about that?
[1:15:37] Like, oh, you got to live once.
[1:15:39] Yeah, well, I get that.
[1:15:41] Or you could die tomorrow.
[1:15:42] Well, if I was dying tomorrow, I wouldn't even be sitting on this lounge right now.
[1:15:45] I'd be in Vegas.
[1:15:46] But you can't live like that.
[1:15:47] Because if you don't die tomorrow and you do live to be retirement, you're going to be fucked.
[1:15:51] So do something about it now with hopes that you are living to retirement.
[1:15:56] If you spent all your money because you think you're going to die tomorrow, you're going to have a pretty miserable life.
[1:16:00] Yep.
[1:16:01] And no legacy.
[1:16:03] No.
[1:16:03] No legacy at all.
[1:16:04] No.
[1:16:05] And if you don't have generational wealth, which a lot of Aussie families don't,
[1:16:09] Most past debt.
[1:16:11] Bit of super, bit of debt, caravan car, whatever.
[1:16:13] I know for me and my family that's something that's never past.
[1:16:16] I'm breaking that curse.
[1:16:17] So I'm making sure for generations to come.
[1:16:21] And that's what we're doing.
[1:16:22] We're breaking it so our kids get it because we didn't get it.
[1:16:25] Yeah.
[1:16:26] Well done.
[1:16:27] Should we bloody proud of yourselves?
[1:16:29] Well, let's replay with the strategy, see what it looks like, and let's do a version two.
[1:16:34] Sweet.
[1:16:35] Well done.
[1:16:36] Thanks, guys.
[1:16:36] Thanks, mate.
[1:16:37] Thanks for having us.
[1:16:38] Crushed it.
[1:16:39] You're fucking gone.
[1:16:40] See ya.

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