# Bank Refusal to 9 Properties | CHANGING LIVES | Season 3 Ep 17 | Kaz & Chris | Money Mentor Podcast

An episode of [Money Mentor Podcast™](https://invisiblenetwork.ai/podcast/1632604767), 22 Jul 2025, 1 h 10 min.

Audio: https://episode.flightcast.com/i6k93j4p4b1l6n1qpopnf2ez.mp3

In this powerful episode of Money Mentor: Changing Lives, Graeme Holm sits down with Kaz and Chris, a couple who once lived in a shed for 7 years while building their dream home. From being knocked back by banks andundercharging rent out of empathy, to gaining complete financial clarity and retiring 8 investment property debts, their story is nothing short of inspiring. With help from Infinity, they now have an SMSF with 3 investment properties, over $450K invested in a high-return fund, and a whole new outlook on life after completing 75 Hard. If you need proof that grit, guidance, and a plan can change everything, this is it. Subscribe to catch the latest episodes.

## Transcript

[0:00] We've got nine properties.
[0:01] Nine?
[0:01] Nine.
[0:03] Yeah.
[0:03] Nine?
[0:04] Yep.
[0:05] Because we sold, we just sold one of the properties to pay off our home loan.
[0:09] So nine properties today, it's pretty good.
[0:12] So home and eight investments?
[0:14] Yeah.
[0:14] So three in our self-managed super fund.
[0:17] Yep.
[0:17] And yeah, the others are in our private name.
[0:20] yeah so five in your name plus home six and i'm sorry yeah and three in super wow today's dollars in inflationary dollars you earned 16 cents back then carrying your fucking fossil money isn't rude of all evil the fucking lack of it is not money the lack of understanding money when i put that into emphasis when i realize that psychological effect and how it hit our family i fdb me the fucking way
[0:44] now watching the money mentor podcast with graham home graham home graham home you're fucking gone see ya welcome back to the money mentor and we're continuing on the changing lives financial series right now uh welcome back and today two very special guests kaz and chris hello how are we hello i'm fucking so good it hurts i'm on my 65th energy drink but i'm so good it hurts
[1:12] Now, I'm going to rip straight in because you guys are a lovely, cool, salt-of-the-earth couple.
[1:19] He's crushed 75 hard.
[1:20] You're crushing it financially.
[1:22] But I want to get real deep, real quick.
[1:23] I want to know where you're from, when was the first date, was it romantic, did he pay the bill?
[1:29] I want to get real cute and cuddly for a minute because you guys are pretty cute.
[1:32] You've been together for a while.
[1:34] So let's go.
[1:35] Who is Chris and Kaz?
[1:36] Kaz.
[1:38] We're from Singleton, the Hunter Valley.
[1:41] We got together when we were 16.
[1:44] That's funny that you asked how we got together in the romance.
[1:47] Chris did ask me.
[1:48] You can tell a story.
[1:49] I did ask Chris the permission as to what part of the story I can and can't tell.
[1:53] Oh, this is going to be great.
[1:54] I don't even know.
[1:55] It's probably not podcast.
[1:57] It's only going to embarrass me, but all our friends know, and if they ever listen to this, they'll know it's real.
[2:03] So we met at martial arts when we were 16, and I had the biggest crush on Chris.
[2:08] And one of the exercises that we were doing at the time is we were doing our core strength.
[2:17] And so he had to walk around the room and we had to lay there and we had to tense our stomach really hard.
[2:21] And he had to go along and step on our stomach and make sure that we were strengthening it in case we got punched in the belly and stuff.
[2:27] Yeah, so I wanted to impress.
[2:29] So I'm like really squeezing my stomach and he walked along me.
[2:35] So you wanted to know the real, and as I said, it's probably not podcast worthy, but that's the truth and you want it to be real.
[2:41] That's the best.
[2:42] So I didn't.
[2:43] You weren't actually meant to squeeze until he come and stepped on you.
[2:45] Oh, no.
[2:46] I was, yeah.
[2:47] Were you waterfired?
[2:48] Oh, absolutely.
[2:49] I didn't go back to martial arts for about two weeks afterwards.
[2:52] Everyone thought it was funny though.
[2:53] Everybody thought it was funny.
[2:54] I went home and my mum knew how much I had a crush on him and I went home upset and she's like, what's happened?
[2:59] And I told her and she's like, oh, she just thought it was hilarious.
[3:02] Everyone thinks farts are funny.
[3:04] I know.
[3:05] I was absolutely horrified.
[3:07] And about two weeks later, the phone rang and it was Chris.
[3:12] And I thought, oh, crap, what's he ringing for?
[3:14] And he rang up and I think his words, you know, five minutes into the conversation was so, what's a go?
[3:19] You're keen or what?
[3:22] and mum said Keem what's his bloody I'll give him bloody Keem so I flipped all of a sudden but anyway so I went back to martial arts and after that it was a bit awkward I'm like are we dating or we're not but yeah that's our romantic at least the first fight was out of the way right that's it so that was our our story of how we met and got together I love it
[3:40] So that was, so met at 16?
[3:42] 16.
[3:42] It was, well, we were both 16.
[3:44] It was a week before Chris's 17th birthday because he's never also let me forget that I never bought him a 17th birthday present.
[3:50] Right.
[3:51] But it was one of them things, like we'd just started dating.
[3:53] I'm like, what do you buy a 16-year-old that you're madly in love with?
[3:56] So I never bought him a birthday present.
[3:58] You've probably got a pash, mate.
[3:59] I mean, come on, you're 16, 17.
[4:02] Take what you can get.
[4:03] Is it keen or what?
[4:06] I know, mum still says it.
[4:07] Oh, dear.
[4:08] Okay.
[4:09] So high school sweethearts, really.
[4:12] And, okay, so Singleton.
[4:15] Yep.
[4:16] What do we do for work?
[4:19] Both work in the mines.
[4:20] Yep.
[4:21] Originally, I was a chippy.
[4:23] Yep.
[4:24] And then, yeah, I got into mining, so...
[4:26] So at that age, when we were 16, Chris was an apprentice carpenter.
[4:29] Yep.
[4:30] Same as Oscar.
[4:31] Yeah, same as Oscar.
[4:32] So I was working behind a bar at the RSL club for years and also had a job as a secretary in a real estate and accounting firm.
[4:41] We kind of always held down two jobs.
[4:42] So we lived in Kempsey before we were from the Hunter Valley, which is where we did all that work and where we bought our first property when we were 21.
[4:50] Okay.
[4:50] Yeah.
[4:51] So first home at 21, worked multiple jobs, worked your clackers off.
[4:56] Go then jump forward to when you found Infinity and why you were looking or were you looking?
[5:03] Oh yeah, so what happened was we'd been working in the mines for a bit.
[5:07] We'd bought a few properties and worked our butts off trying to renovate them and did some really hard yards of building our own house and stuff.
[5:14] And in about five years' time, I've been told, well, it is BHP who I work for is closing down.
[5:21] So I will be... That particular site.
[5:22] That particular site will be closing down.
[5:26] So I'll obviously be made redundant.
[5:28] I was starting to get really worried.
[5:29] Like, you know, by the time that happens, I'll be 47.
[5:32] I've got no other real...
[5:33] Besides working in the mines from...
[5:35] I think I was about 26 when I first started in the mines...
[5:41] I kind of, I don't have any really background skills.
[5:44] Right.
[5:45] And because we'd worked so hard, I was really scared that we were going to get to the end.
[5:48] So you were in a freak out mode.
[5:50] I did.
[5:50] And I still am, like, you know, a little bit worried about the future in the sense that we've always worked and always been workers.
[5:57] We're earning good money now.
[5:58] We never used to, but I used to work double the jobs.
[6:01] But kind of freaking out, like, how can we afford to keep going further if I don't have a job?
[6:06] What am I going to do?
[6:10] So we kind of started talking about what we're going to do from now.
[6:13] And I said to Chris, well, we've got to do something to set ourselves up.
[6:16] I want to be set up so that when I do get made redundant in a few years' time... That's just a win.
[6:21] Got some money.
[6:22] That's it.
[6:23] That we're set up so that, you know, we don't lose everything that we worked really, really...
[6:27] I don't want to get to the end of our life and then kind of go, oh, we had all this and now we've got nothing because we can't afford it.
[6:32] So we went and saw a financial advisor in Singleton and we kind of had a chat to him to...
[6:40] to try and push us to, you know, where to from here.
[6:42] Give us a bit of direction.
[6:43] Yeah.
[6:44] He sort of, well, we left there and we're like.
[6:48] That's not what we wanted.
[6:49] He just said we're doing really good.
[6:50] No, keep doing what you're doing.
[6:51] Keep doing what you're doing.
[6:52] You're doing really good.
[6:53] So you're probably doing better than him.
[6:55] Well, I don't, I was hoping he'd kind of push us to say, I kind of thought, you know, maybe we can sell one house off, pay off the place that we're living in.
[7:03] Yeah.
[7:04] and go a little bit, you know, start building a new house again.
[7:07] I kind of had that thought there was more out there.
[7:10] And when he said, oh, no, keep doing what you're doing, just pay them houses off and live off the rents, your retirement looks good.
[7:17] And I'm like, oh, okay.
[7:18] But I did, I walked out of there because if Chris and I have got goals and we've got a reason to wake up every day, we've got drive, then we're pretty good.
[7:28] We do chase it and we're pretty motivated with each other to do it.
[7:32] We usually set a goal and we'll achieve it.
[7:34] Yeah.
[7:35] If we set a goal.
[7:35] If we say that's what we're going to do, we've got direction and we do it.
[7:39] So when we walked out of there and he goes, no, that's it.
[7:41] He said, just keep doing what you're doing.
[7:42] I kind of went home and went, that's not really helpful.
[7:45] It's not doing what I thought we could be doing.
[7:49] So I just started doing some Googling as to my thoughts of what we could do.
[7:53] And then Infinity started popping up in our...
[7:56] in our group chat oh sorry in my facebook feed and then i started watching some of the podcasts and it was funny like some of the things that you're saying that you're a single mom and that you grew up in commission housing and that you were from port macquarie i'm like oh i grew up with a single mom five kids i grew up in commission housing i lived in kemsie that's near port yeah so i was kind of a little bit like oh everything this guy's saying is kind of resonates with me just the way it's a bit relative yeah
[8:21] Yeah, and just the way that you... Trust me, when we drive back to Port Macquarie every second week or so, and now you've got the Kempsey bypass, right?
[8:28] And we hit that big, you know, the bridge up there where we used to get off at the Pye Shop Freddo's.
[8:31] But we hit that bridge, we drive along, and it's always barren or flooded.
[8:35] And it's usually barren and dry.
[8:36] And all of a sudden, this petite, beautiful little girl, I'll be driving typically there by then, and it's always, Fucking dry!
[8:45] And I always lose my shit because I'm like, you can take the girl out of pork, but she can't take it.
[8:49] She's in chemistry.
[8:50] Yeah, yeah.
[8:51] As soon as we hit chemistry, she looks at her and she's just all of a sudden, fire him down.
[8:57] Love it a bit.
[8:57] I'm like, oh, okay.
[9:00] Yeah.
[9:00] Yeah.
[9:01] So that's kind of how we came to stumble upon you.
[9:04] And as I said, when we started listening to the podcast, I said to Chris, oh, my God, like, you've got to listen to this guy.
[9:09] Everything that he's kind of saying is...
[9:12] It's not that.
[9:12] I mean, look, it's hard, but it's not that hard, right?
[9:15] Like, if you've got the right team.
[9:16] Yeah, that's right.
[9:17] What you were saying, I could relate to it.
[9:19] I'm like, yes, that all makes sense.
[9:21] This is what I'm talking about.
[9:22] I wanted somebody to tell us, if you do this, then you can do this and you can do this.
[9:25] But I think we just needed that person to go, yeah, guys, you can do it.
[9:29] And that's what we're looking from him.
[9:31] And he didn't.
[9:31] And you're straight to the point.
[9:33] Yeah.
[9:34] Cut out all the bullshit.
[9:35] Yeah.
[9:36] That's blunt.
[9:37] But we were like blunt.
[9:39] I thought we did a polish.
[9:40] No, that resonated with us.
[9:42] It did.
[9:43] We like blunt.
[9:43] We like, you know, being tough.
[9:45] So when was that?
[9:47] 12 months ago in May last year.
[9:49] May last year, okay.
[9:50] It would have been a little bit before.
[9:52] Probably, oh, maybe, oh, not much.
[9:57] Probably March, March, April.
[9:59] Yeah, we watched a free webinar then and then we signed up in May.
[10:03] Okay.
[10:03] Yeah, did the master class in May.
[10:05] And so that, and it was mostly stimulated by the fuck, like, if the mind shuts and... Yep.
[10:10] And the world ends tomorrow and we've got to get new jobs.
[10:12] They might not pay like that.
[10:14] Yeah.
[10:15] I just didn't want to get to the end of our working life, knowing what we had done in the past to buy all the properties that we'd done, to renovate them like we'd done.
[10:23] You know, we were working 12 and a half hours.
[10:25] So were you doing the buy, reno, flip?
[10:27] No, we never flipped them.
[10:29] We always held them.
[10:29] Buy, shitter, reno, hold.
[10:32] And rented them out cheap.
[10:34] Going back a little bit too, like we originally, I first bought my property at 21, and we lived in it, renovated it, did all that, and then 12 months later you bought one in her name, and we did that for tax reasons, and also first homeboys grant.
[10:51] Well we were young too, so we didn't really, we were only young, and we had been together a little for a while, but we were like, you know, you buy one house, and then I'll save a deposit, and Chris actually went, we had the opportunity to go to America.
[11:02] And the opportunity was for us both to go.
[11:04] And I said, well, no, you go.
[11:05] And I'll save this money that I've got.
[11:07] And I'll buy a house.
[11:08] And by the time he got back, we bought a second house.
[11:10] He wouldn't work in America.
[11:12] No, no, sorry.
[11:12] He just went over for a wedding and a holiday.
[11:14] For a wedding, actually.
[11:14] Yeah.
[11:15] Yeah.
[11:15] So he went over for a holiday.
[11:17] But then once we'd done that, like you bought that place,
[11:21] Then it was another 12 months later, we were like, we can do this.
[11:24] And we ended up buying a place for your mum.
[11:26] Yeah.
[11:27] We rented that out to her for 17 years or something like that.
[11:31] Yeah.
[11:31] So mum, as I said, has always been a bit of a battler on her own.
[11:36] And she was renting a property.
[11:40] the situation came up that she needed somewhere else to live and we just said, look, Mum, we can take some equity out of the two houses that we've got.
[11:46] Would you like to go halves in a house?
[11:48] Like, let's help you out and you can go halves with us because we didn't think we could do it on our own but we could help her.
[11:53] And, you know...
[11:54] being a little bit of a battler, it was a bit above what she was comfortable doing and she's like, no, I'm not interested, no, I don't want to do that, not interested and we're like, okay.
[12:02] But she still needed somewhere to go and she'd worked so hard all her life that we're like, well, you know what, let's just buy a house, she's going to be an amazing tenant and we put her in there and, yeah, she's been in, well, was in that house up until two years ago.
[12:13] For 17 years she lived there.
[12:17] So yeah, we got that and then we decided, it was 2007 we moved to the Hunter Valley.
[12:25] Well I did, I was there for 12 months by myself and just travelled.
[12:28] Yeah.
[12:29] And yeah, we decided to move down in 2008 and then from there we rent vested, I suppose you could say, because we still had three properties, we just rented all them out.
[12:43] We just wanted to make sure that his job was going to work out before we packed up and moved down there completely.
[12:47] So we ran it down in the Hunter Valley in Singleton for two years.
[12:53] And then in between that, though, we bought another investment and that was through...
[12:59] That was for an investment firm.
[13:00] An investment firm.
[13:01] Because again, we had a bit of, we've kind of always chased a plan.
[13:05] So we had these guys that, you know, I probably found them on the internet too where they reach out going, oh, you know, you pay high taxes and an investment ad kind of probably came up.
[13:15] So like negative gearing.
[13:16] and get some of your tax back on a property.
[13:17] Yeah, so we built a house through those guys.
[13:20] And to be honest with you, it worked out amazing.
[13:23] And it's been a really good investment.
[13:24] And had they have done what you guys did and kept coming back to us or kept us on as clients, we would have kept going again, again, again.
[13:30] They did though.
[13:31] At some stage, they did try and get us to buy more properties, but we're like...
[13:36] We just weren't ready at that stage.
[13:40] So we just left it.
[13:41] But then we were at that period where we had the four properties and we wanted our own place.
[13:47] So then that's when we ended up buying where we're at today.
[13:50] And we lived in the shed and then we- That's right.
[13:53] Yeah, seven years in the shed, no power.
[13:55] No flushable toilet.
[13:58] Chris always wanted lean.
[14:00] He's like, he always wanted to go and buy a property and I'd never lived out of town.
[14:03] But anyway, we found this 100 acres and we fell in love with it as soon as we drove up there and there was a shed on it.
[14:08] So the great idea was that we'd live in the shed while he built the house.
[14:13] So we lived in the shed for seven years and then he turned around and I think, well, 30 and he said, let's have a baby.
[14:18] I'm like, I'm not having a baby while we're living in a shed.
[14:20] Like, you need to start building that house.
[14:21] And he goes, okay, well, we'll have a baby and we'll start building the house.
[14:25] So...
[14:26] We had a few hurdles when we went to do that because obviously being owner builders, the banks don't like to lend money.
[14:33] So we couldn't get a loan.
[14:36] Sorry, I'll just go back a step too.
[14:37] Even before we bought the property, we had issues there.
[14:40] We had issues there because...
[14:42] 100 acres.
[14:44] The banks wanted 30% deposit.
[14:46] We didn't have 30%, we had 20%.
[14:48] But it had no power, no water, so as soon as it's got no services on it.
[14:53] And I remember... High risk, if you default, it could take years for someone else to come and fall in love with it, so it's very high risk for the bank.
[14:59] Well, I remember when we walked, we went back to...
[15:03] the bank that had all our loans for our rental properties and we thought straight away they'd give us the money because we had all this equity and that and still they wouldn't touch us.
[15:10] And we ended up going to a broker.
[15:12] And he was really good, but as soon as we told him the property address, he goes, oh, do you know how many people have been trying to buy that property?
[15:18] I can't help you.
[15:19] And we said, but we've got four properties, like we've got this.
[15:21] And anyway, he moved some figures around and he was great.
[15:23] And he did end up helping us in the end.
[15:26] He's not as good as our broker now.
[15:28] Hey, but he was good.
[15:30] That's all that matters.
[15:31] He was all right.
[15:32] He was good.
[15:32] He got it figured out.
[15:33] Yeah, so we ended up buying the land and we lived in the shed with no power and no water.
[15:39] And we sat down every night and we drew up the plans for the hell.
[15:42] Chris drew the plans up by hand.
[15:45] And then, yeah, had to do that process and submit it to council.
[15:49] But even before we got to that hurdle,
[15:52] The property had a crown road running right through the middle of it.
[15:57] That's right.
[15:57] And right where we wanted to build, this crown road ran right through the middle.
[16:02] So it was a rigmarole.
[16:04] It took like nearly two years.
[16:05] Yeah, we had to close the road, buy the land.
[16:08] Yeah.
[16:08] You had to buy it back.
[16:09] Yeah.
[16:10] And then?
[16:10] Are they still planning to put a road through there?
[16:12] No, no.
[16:13] It's an old paper trail.
[16:14] It's an old paper trail.
[16:15] It wasn't even a road there.
[16:16] So we bought it off... Department of Lands.
[16:19] Yeah, Crown Roads.
[16:20] But we had to close the road that wasn't even a road.
[16:22] We had to close it, get permission off all the neighbours to close it.
[16:25] The road that didn't exist.
[16:25] That didn't exist.
[16:26] And then we had to buy it, so we had to pay them, I think it might have been about $15,000.
[16:30] $13,000.
[16:31] We had to buy the... Cut wages.
[16:32] Give them to buy the road.
[16:34] That didn't exist.
[16:34] I love this.
[16:35] This is great.
[16:36] And then we had to have a surveyor who thankfully was our neighbour.
[16:39] He had to survey the properties and consolidate them to make them into one property so that we weren't building across two totals with two... Because he had... That side, that side of the road up the middle.
[16:49] Yeah.
[16:49] So that's our place where we live now.
[16:52] Again, going back, the banks wouldn't give us any money because we were owner builders.
[16:56] So we had to work during the day for 12 and a half hours and then go home and then overnight time we'd be building.
[17:02] Yeah.
[17:02] How many years did it take to finish it?
[17:05] How long did we work it?
[17:06] Four years?
[17:07] 2015 we started.
[17:08] By the time it was submitted and DA approved.
[17:11] I think we moved in in 2019.
[17:16] So it's about four years.
[17:17] Just before COVID hit.
[17:19] Yeah.
[17:20] And then we had probably another 12 months or more.
[17:24] We had all the verandas to do.
[17:26] And we had a, what do you call it, interim occupancy certificate.
[17:31] So we could move in, but there was obviously a proviso and we had to get all the other stuff done.
[17:36] So I think we actually refinanced the loan, the land loan.
[17:39] We actually refinanced to take out.
[17:42] Yeah, so we borrowed another $100,000 on top of what paid for the land.
[17:48] And we did the verandas and everything, put an air conditioner in so we could get it completely finished and signed off.
[17:54] So whilst we didn't have to borrow the money for the whole house, which we're very grateful for today because we did the hard work then, we still did have a loan for the land.
[18:03] Okay.
[18:04] Okay.
[18:05] So you finally built the house, got a couple of investment properties as well.
[18:09] Yeah.
[18:10] Then what?
[18:11] Well, we sort of, we went through a period there where we didn't really do much at all investing wise or anything.
[18:18] We were just sort of living and- Having kids.
[18:21] Working.
[18:22] Didn't do too much.
[18:22] You might not have been doing too much.
[18:25] I was dealing with the kids.
[18:26] Yeah, that's right.
[18:27] No, we were very lucky in the sense we had the kids while we were building.
[18:31] So we lived in the shed and Phoebe was, I think, three and she still lived in a cot because we couldn't fit two cots in the bed.
[18:38] So she was in a cot and our son was in a port-a-cot in this tiny little room while we built.
[18:43] And we used to have a baby monitor over in the shed and we'd run over of a night time and tile until midnight.
[18:48] And then we were like, right, got to go home, got to go to bed in a couple of hours.
[18:52] So it was a lot of hard work to build that and do that.
[18:54] But, yes, you're right, after...
[18:56] we built the house and we kind of got comfortable again and as I said that's when um you got the big new beautiful home right so you're comfortable for a while you've done hard 15 20 hour days for ages we kind of did want to break but then as I said once work work said that they were going to close down it got me going oh crap well I don't want to lose this is a lot of hard work and I don't want to lose this okay so when we started what did we owe on the home
[19:22] I think we had a loan of $300,000 when we first started but there might have been $100,000 sitting in redraw.
[19:30] So the loan I think we owed just over $200,000.
[19:32] And how many properties?
[19:36] At that stage, we had three investment properties.
[19:38] We'd sold...
[19:39] Possibly.
[19:39] Sorry, going back a step.
[19:40] We have to go back a bit.
[19:41] We did sell one of the properties in Kempsey because we had to connect the power on the land.
[19:47] When we moved originally to Seamont, we had three investment properties.
[19:51] We rent-vested.
[19:53] We ended up buying that investment property at Rutherford.
[19:59] So we had four, and then we bought the place we live at now,
[20:04] And once we got that process started and DA approved and we wanted to start building, we needed power.
[20:08] We had solar for like seven years, so we had no power either.
[20:13] So that was another thing.
[20:13] But what we did have to do was the property we had in Kempsey, we had to sell that.
[20:18] We had to sell one of the properties and take the money.
[20:22] We didn't make a lot of money on the place, but because we'd been paying it off for so long, principal and interest, we had some cash there that we got back to connect the power.
[20:31] Okay.
[20:32] So home and three properties.
[20:34] There.
[20:34] Yep.
[20:35] Yep.
[20:36] Okay.
[20:36] And what are we sitting at today?
[20:39] All up.
[20:40] We've got nine properties.
[20:41] Nine?
[20:42] Nine.
[20:44] Yeah.
[20:44] Nine?
[20:45] Yep.
[20:46] Okay.
[20:46] Because we just sold one of the properties to pay off our home loan.
[20:50] So talk us through that because a lot of people don't realise you invest to make money, right?
[20:56] And if you've got a home loan for two, three, four, a couple hundred grand, charging interest, it's bad debt, you can't claim it, it affects your serviceability because it's set out over 30 years of those repayments and they've got to use that obligation, right?
[21:10] But you invest over here and make money.
[21:12] The purpose of investing is to make money.
[21:15] If you make money, you don't actually make it unless you sell, right?
[21:18] You sell, yeah, your capital gains tax, but you've had it for more than a year.
[21:22] You get the 50% CGT discount.
[21:24] Where else do you get half your money tax-free?
[21:26] Not at work, right?
[21:27] Definitely not.
[21:27] So you sell that, half of it's cash, pay off your home.
[21:30] That opens up a whole new... Oh, we realised how much it opened up.
[21:34] We had no idea that we could do what we did.
[21:37] I think too, because of the properties we had and we acquired them when we were so young and we lived in them, we renovated them, we were emotionally attached to them.
[21:47] Because there's a lot of hard work.
[21:48] There was a lot of hard work.
[21:50] And we're like, we didn't want to sell them.
[21:52] And even once we started with you guys and you sell that dog, we're like...
[21:58] Oh, that's our baby.
[21:59] But don't worry, it didn't take long.
[22:03] I think it might have been when they kind of sat down and said, okay, and gave us the opportunities of what we could do if we sold it.
[22:09] We're like, okay, where do we sign the deadline?
[22:11] And then we wanted to sell all three of them and they're like, no, no, slow down, slow down.
[22:15] Bit by bit.
[22:16] Yeah.
[22:17] So nine properties today.
[22:19] It's pretty good.
[22:20] So home and eight investments.
[22:22] Yeah.
[22:22] So three in our self-managed super fund and yeah, the others are in our private name.
[22:27] Yeah.
[22:28] So five in your name plus home six.
[22:32] Sorry, yeah, and three in super.
[22:34] Yep.
[22:34] Wow.
[22:34] Okay.
[22:35] And what's the plan from here?
[22:40] So the plan from here is we'll, so we've sold one this year obviously to pay off our home loan.
[22:46] Next year we'll probably sell another one.
[22:48] Okay.
[22:48] And hopefully might buy two more with the money that we pull out of that one, if not one.
[22:53] Okay.
[22:53] Then we've got another old one to sell.
[22:55] Next year is now.
[22:56] So it's July.
[22:57] Well, it is now, yeah.
[22:58] If I can sell that, no.
[22:59] Yeah, so.
[23:01] It's going to be a big weekend.
[23:03] Oh, dear.
[23:05] I didn't think of that.
[23:05] We didn't come to buy.
[23:07] Oh, I did.
[23:07] Oh, dear.
[23:08] Oh, look out.
[23:09] But anyway, we're on board.
[23:11] I know that, yeah, we were a little bit like, oh, what are we going to do when we sign up?
[23:14] Like, we've got a caravan and we've got...
[23:16] are you a hyalurx like you'll probably tell us to sell all that but it wasn't like that at all like they're like no no slow down in the end it had to be us pulling ourselves back to stop trying to throw things like some people yeah you have to right everybody has a unique set of circumstances the advice doesn't vary greatly but in some cases you can afford to maintain these lifestyle things some people can't yeah
[23:38] Some people can but shouldn't and should liquidate them and start again.
[23:42] Yeah.
[23:43] It depends on the position.
[23:44] So you guys are in a good position.
[23:46] Tell me a couple of things that you – what would you say to someone that's at home that's lived through the owner build or in the shed or –
[23:53] They're worried they're going to get made redundant at work soon because they've been told something's changing or closing.
[23:58] What are some of the tips and advice you could give to other people tuning in?
[24:01] If there's one family that you guys affected in six months' time, you see them at the Christmas party and they're like, thank you, I listen to your podcast and we went and sold the old home.
[24:11] You will, you'll meet someone and they'll help you.
[24:13] That's where I'd say to start right now.
[24:14] These podcasts that you're doing, they're real people.
[24:17] We've met some of them.
[24:18] We haven't met others, but I tell you what, their stories are so different.
[24:21] They're so unique.
[24:22] We're not paid actors.
[24:23] Yeah.
[24:23] We're not paid actors.
[24:25] Have you said any of the messages on social media?
[24:27] You're like, are you a paid actor?
[24:28] I'm like, yeah, bro.
[24:30] No, we honestly get paid with the love that we get from people at REM.
[24:34] We don't get it so much outside of this group, this cult that we're in, the community.
[24:40] The cult.
[24:40] The cult that we're in.
[24:42] You come to a REM.
[24:43] You've got the 100 acres.
[24:44] We can build the cult now.
[24:45] That's a good idea.
[24:46] We'll charge rent.
[24:50] Yeah.
[24:51] Shit.
[24:51] Yeah, we don't say too much outside because we do get a lot of negativity.
[24:54] Like, oh, basically what he's doing is it's going to be a bit of a scam or whatever.
[25:00] But we have met so many people through this procedure of working with you guys.
[25:05] And they're just genuine, real people.
[25:07] And it's so good.
[25:10] When people tell us that we're doing really well, it makes you feel good and that, but you don't get that very often.
[25:15] So to be able to show people what we're doing and to encourage people that what they're doing is the right thing to be doing.
[25:21] It's really rewarding.
[25:22] So...
[25:24] You guys did a bit of this yourselves.
[25:26] You were pretty successful in your own right.
[25:28] You bought stuff.
[25:29] We bought stuff.
[25:31] We had no idea too much.
[25:33] We had a little bit of an idea of what we were doing, but we don't have the team that you guys give us.
[25:38] And that's the other thing is when I say to people, they're like, oh, but how much do you have to pay these people to invest with them?
[25:44] And I say, man, it's the best money we ever spend.
[25:46] I said...
[25:47] Yeah, when you've got 16 people doing something for you or seven people doing something.
[25:50] And it is so true.
[25:51] When we first signed up with you guys, we had the option to, you know, well, basically you give us a team, you give us our RM, you give us our wealth strategist, you give us our broker.
[26:00] You give us the option to have guys.
[26:02] This many people or this many people.
[26:04] Yeah, our accountant and things like that.
[26:06] And I know when we first signed up, we were going to keep our old accountant.
[26:09] Not because we knew them personally or we had a good rapport, but we just thought, you know, let's just keep with them.
[26:13] We know them, we trust them.
[26:15] And then as we worked alongside with our team that we were given, we just thought, oh, this is amazing.
[26:19] Let's just keep going with the group.
[26:21] And we couldn't be happier.
[26:23] I was only saying to Chris when I come home from work a few weeks ago, I had to reach out to a few different people for different reasons, like Emily, our RM and Zachy.
[26:31] I had to speak with our broker, Zachy, and also Marky Mark, the accountant.
[26:34] Marky Mark.
[26:35] And I tell you what,
[26:36] I got home and I was just at gobsmacked.
[26:38] I said to Chris, I said, you know what?
[26:40] I messaged them guys throughout the day and you know every single one of them people have gotten back to me.
[26:45] And still to this day...
[26:46] When they're in back-to-back meetings, it's very difficult.
[26:48] That's why everyone has a mobile phone in their company.
[26:50] If they're in back-to-back meetings, I get it.
[26:52] If I've tried ringing them or I've sent them a text message, they say to me, I get a message back going, I'm in a meeting, I'll call you back.
[26:57] And I'm telling you...
[26:58] To this day, 12 months later, there's not been one single phone call I've made to your team and they've not returned it.
[27:04] That's pretty good.
[27:05] I don't know what you do to them, but...
[27:07] I'm not going to say.
[27:09] I have a policy, right?
[27:10] And I talked about this in another episode.
[27:12] When Beck and I built this company, it's all big now.
[27:15] We used to be between Port Macquarie and Sydney in Bella Vista.
[27:19] So we'd do like Monday, Tuesday, Wednesday in Port.
[27:21] And I'd do first meeting.
[27:22] It was me.
[27:23] The whole company was Beck and I, right, and a few staff.
[27:25] I'd do 6 a.m. breakfast meetings.
[27:26] They'd say, come in at 6 before work and I'll buy you a bacon and egg roll or something, right?
[27:30] And coffee.
[27:31] And so I did the first meeting at, say, 6, 6.30.
[27:33] And the last one might be 8 or 10.
[27:36] And when it would finish, I'd text Beck and I'd buy him pizza for dinner.
[27:38] Come in after work, right, and do a six and an eight.
[27:41] And then I'd text her.
[27:42] She'd have the car packed.
[27:43] She'd have whatever we need, laptop charged.
[27:45] Had the little wire dongle thing.
[27:47] And I'd text her and say, just lock it up, babe.
[27:49] See you in 15.
[27:50] She'd meet me in the basement, the front door.
[27:52] She'd start driving to Sydney at like 10.30 on Wednesday night.
[27:55] and i had a rule everyone knew i'm back to back if you couldn't get becca i would if it was urgent text otherwise email and i didn't ever want anyone to go to sleep wondering yes if you had a burning question even though it was only us initially so becca would drive and i would text back all the people that text me go hey i've just finished if you're awake i can call now yeah in order
[28:16] And I would call, call, call, call, get through all of them.
[28:19] So, yeah, I'm up, please call.
[28:20] Oh, thanks, just a simple question, right?
[28:22] Off you go to bed.
[28:23] Then I'd work through the emails and Beck would have a list.
[28:26] Then we'd swap halfway and have a feed.
[28:28] And then Beck would, you know, have my second dinner.
[28:31] And then Beck would, she'd go through emails and stuff and I'd drive.
[28:34] And then I'd be like, I'm tired.
[28:35] And then poor Beck would drive the whole bloody way.
[28:38] And then we get to Sydney, sleep for a few hours, and then boom.
[28:40] Next day, Sydney.
[28:41] Thursday, Friday, Saturday.
[28:43] Car, back to port.
[28:44] And we did that for fucking years.
[28:47] So we have the same policy.
[28:48] And so you guys, I don't expect you to do anything I would never do.
[28:53] But I do expect I respond to every, at least at the end of the day, I text every single person back and say, sorry, I've been in back-to-back pre-book.
[29:01] I always respect to the person who books a meeting.
[29:03] You book a meeting, it's a priority.
[29:05] Somebody randomly has a thought or a fart or a question and they text or email, sure, that'll get responded to outside of a full day of meetings.
[29:12] Oh, well, Mark rung me back at like 8 o'clock the other night.
[29:14] I was cooking dinner, the phone rang.
[29:15] What account rings at 8 o'clock at night?
[29:17] I said to Chris, I got off the phone, I'm like, that was the accountant, do you believe he wrote me?
[29:21] And he was great.
[29:22] He probably talks shit half the time anyway.
[29:25] I won't talk shit about the accountant.
[29:26] He might not call me back again.
[29:29] He's a good man.
[29:30] He's a good man.
[29:30] But that was the thing.
[29:32] He rings you up and these guys talk to you like you're human.
[29:35] It's not a nine to five.
[29:36] And it's not a, oh, hang on, let me pull up your file and I'll find out.
[29:40] They're like, hey, Cass, how are you going?
[29:41] Like, how's Chris's back going?
[29:43] What's going on?
[29:43] Like, they're just...
[29:44] They are beautiful, genuine people and they bring us all sorts of hours.
[29:50] There's a very big internal policy.
[29:53] If you can't at least text or email and explain you're in pre-booked meetings.
[29:56] And look, sometimes they might be in a meeting until 8 o'clock at night.
[30:00] Then they're like, I've got to see my family.
[30:01] It might be first thing the next day.
[30:03] You know they're in meetings.
[30:03] But after, they haven't done that that night or that day.
[30:06] My big thing is everybody gets a response even if it's a text or an email saying, sorry, I'm back to back to 8pm, but I can call you tomorrow in this time.
[30:13] Yeah, well I can 100% detest that they do.
[30:16] The newbies maybe, but they learn very quick.
[30:18] I don't have the newbies, I've obviously got a good one.
[30:22] But even the newbies, I mean they all sit in the shadow for a couple of months to learn organically.
[30:27] It's like, guys, you're paid by them.
[30:30] That's what I really tell you, you all run a business in the business.
[30:33] Your pay, any incentive you're entitled to isn't from me.
[30:36] It's from Chris and Cass.
[30:38] They pay you.
[30:39] You fucking report to them, not to me.
[30:41] They come to me because you don't report to them properly.
[30:43] We've got a fucking problem.
[30:45] So that's when people say, oh, that's a lot of money.
[30:48] They get to the end of the masterclass where you do your spiel of how much it is and I'm like, I don't know.
[30:52] These guys are ringing.
[30:54] Worth every cent just to have these guys call you that.
[30:56] We've got a team.
[30:56] It's actually a loss leader.
[30:57] It costs me more to do what I do than what I charge, especially when you're coming around.
[31:02] And that thing's its own fucking beast now.
[31:05] Oh, that's next level.
[31:06] I need to just buy a building.
[31:09] Oh, you should.
[31:10] It's for sale, isn't it?
[31:11] Hey?
[31:12] Casino's for sale.
[31:13] Well, I think it's just going broke.
[31:14] Casino's probably not a good look.
[31:16] But I definitely need...
[31:17] It's at a point now where we might as well have our own conference centre.
[31:20] But it's taken a lot.
[31:22] But it's cool, you know?
[31:22] And I think people are saying they get REM withdrawals now.
[31:25] I know.
[31:28] that people can tell we genuinely spent more on them in three, four days than they paid us.
[31:33] Plus they get the advice, plus the experience.
[31:36] And that's really important to us to have that loss letter hand on heart and go, and people go, oh, but they took you here.
[31:41] No, no, no.
[31:42] You paid us and we spent all of your money back on this process for you.
[31:46] And it's an amazing...
[31:47] So you just paid for it, right?
[31:48] You just agreed.
[31:48] Oh, if they're doing this and they're doing this, it's your fucking money.
[31:53] We're just going to hope you do more business with us.
[31:54] It's worth every cent.
[31:55] We couldn't be happier.
[31:56] And I mean, to tell you much how much we love coming to a REM, and we're only here as testimonials to show how much, and to tell people how much you guys have done for us.
[32:05] And one of the biggest things, we did get a bit of FOMO last month when we did get invited, but we couldn't come.
[32:11] Couldn't make it.
[32:12] Our daughter had a concert that we really needed to be for.
[32:13] And then this month we came, and it was one of those really heartbreaking
[32:18] string pulling things is our son actually is heading down to Sydney this weekend.
[32:23] His football team, he's only eight, and the football team that he plays for, the rugby union team, they do a lot of volunteer work.
[32:29] So with the game that's happening on Saturday night between the Waratahs and the British Lions, they actually have invited our eight-year-old children to go down there and run the Waratahs onto the field and then have a mini game in the half-time.
[32:46] So...
[32:47] We're here at REM and we've sent him down with a friend.
[32:50] Thank God she's able because he's footy mad.
[32:53] But that's how much we love REM and the feeling and the community spirit when you get to come to one of these things.
[32:59] Thank you on behalf of every single family you help overcome their own shit because you're away from that and it's a crazy cool experience for him.
[33:07] Oh, it's amazing.
[33:09] But it is, you do get a lifelong buzz.
[33:12] It's almost that energy exchange of...
[33:14] I'm actually curious, what are the frequent questions someone's asked you at dinner or breakfast?
[33:19] What do you get asked all the time at REM besides if you're a paid actor?
[33:23] Does you get that still?
[33:26] A lot of how we found you got.
[33:27] There's a lot of that talk about how we stumble upon you and things like that.
[33:31] Where we're at with our journey and how we got there.
[33:35] I suppose how we budget and do stuff as well.
[33:39] That's a common one?
[33:39] A common one is a budget.
[33:41] What do you guys operate on per week?
[33:43] 600.
[33:44] 600.
[33:45] Yeah.
[33:46] We were doing 550 up until probably two months ago.
[33:49] Yeah.
[33:50] But living out of town is a big impact on fuel.
[33:53] Yeah, huge.
[33:54] And then obviously running kids around for sport.
[33:56] Yeah.
[33:57] So that whole 550 pretty much went between food and fuel.
[34:03] Yeah.
[34:04] So there's no fun in that.
[34:05] But I just want to give curiosity because you could make any excuse you want on good mining incomes and living out of town and doing this.
[34:12] You can make up all the bullshitty reasons in the world to spend one or two grand a week because you earn it and you deserve it.
[34:18] Yeah.
[34:19] Oh, absolutely.
[34:20] And we make a lot of sacrifices.
[34:22] A lot of people go, oh, yeah, you're lucky you're working in the mines.
[34:24] It's like, well, no, we're not lucky.
[34:27] We did a lot of hard work and we still work really hard, but we make a lot of sacrifices.
[34:33] Chris works every weekend.
[34:35] So every single weekend.
[34:36] For him to come down here, it's annual leave.
[34:39] That's money off the table.
[34:40] It's money off the table.
[34:41] It's money.
[34:41] I get paid a bit like...
[34:42] Oh, he gets paid and you'll leave, but it takes your money off the table as in that.
[34:45] But it's also leave, you're not getting to go spend time with the family.
[34:48] That's right.
[34:49] Away from the family.
[34:50] And where that is, is I work during the week now.
[34:52] So the only time Chris and I are ever at home with the children from day up to day down.
[34:57] Yeah.
[34:58] is on the school holidays because he's at work every weekend.
[35:01] I'm at work, sorry, you're at school, at work every weekend.
[35:04] I'm at work during the week.
[35:06] And the only time the kids have both their mum and dad at home is in the school holidays.
[35:11] So as a family, that's probably difficult.
[35:14] And I don't socialise on a weekend because who wants to go out on their own and socialise without their husband?
[35:18] You're not getting invited to barbecues and things like that because you don't have your husband there.
[35:21] Well, at least you get REM together.
[35:23] We get to come to REM, yeah.
[35:25] I had to see his white girl wasted at the bar later.
[35:28] Well, you don't know what to say to people.
[35:30] They're like, oh, so you're flying to the Gold Coast.
[35:31] What are you, he's going away on a holiday?
[35:32] You don't know whether it's business or holidays, but we're not getting paid for it.
[35:35] So is it a holiday?
[35:37] And it's, yeah.
[35:38] It's a kid-free weekend.
[35:39] It is.
[35:40] Oh, my kids are just jealous.
[35:41] Like, they can't go.
[35:42] They know you so well.
[35:43] And they're like, oh, we just want to come to REM.
[35:44] And when can we come?
[35:46] I'm going to have to get, like, psychological help about my...
[35:50] my um language because so many families are like our kids are now like see ya yeah oh fucking fuck knuckle pump and i'm like oh the biggest one is my kids had a disco at school last night and they had to go dressed as the teachers and they had to go um the teachers had to go dressed as the students and when they got home my son was a little bit disappointed i'm like what's the matter mate and he goes i didn't win the dancing comp and i pulled out the jeez moves and i'm like
[36:14] the truth is and he knew and my daughter like they know exactly the dance they know the song and yeah they're always it's really cool for Becca because it's it's kind of taken the community's taken on this this energy and momentum and life of its own like it's really special you know like
[36:29] Oh, I don't think you guys realise how much a part of people's lives that you are.
[36:33] You don't even know.
[36:35] We do because we get the social media messages.
[36:38] It's like people in the car playing YG on the thing.
[36:40] Yeah, yeah, yeah.
[36:41] We do, but it's just got so much momentum now.
[36:45] Like I've actually said this month I'm taking a break from social media.
[36:48] Yeah.
[36:49] So I'm usually the first person in the group plus all the crap online.
[36:52] It's a lot.
[36:54] But it's just, it's taken such a toll on Beck.
[36:56] And it's like, we can't even have a meal together without she's fixing the TikTok and I'm on the Instagram.
[37:00] So we've got a team for that now.
[37:02] So, you know, I'm just going to like a dry July.
[37:05] I've just made a rule that the social media is only on a spare phone on the treadmill in the gym.
[37:11] So I'll probably now, like the other day, I walked for two hours.
[37:14] Beck's like, it's the best thing ever.
[37:16] I know.
[37:17] Because it's just, it's so full on.
[37:18] Like when do you, like people say, when do you get time?
[37:21] I don't know when I actually get any time in my own head ever.
[37:25] Well, you see it, it's like, hey, hey, hey, hey.
[37:28] Yeah, I know.
[37:28] I don't know how you do it.
[37:29] The only time is in the sauna.
[37:30] Yeah.
[37:31] I sit in the sauna at night and just go, and then it's usually on the phone.
[37:35] But it is a cool community, that's for sure.
[37:37] Oh, it's amazing.
[37:38] And the people that we've met, like I said, we just went out there and we met up with the Cherries or the Goggin family, as I call them, because they were our going to REM.
[37:46] you will connect with somebody and as I said our story to us might not seem we're just no to work hard we just we enjoy working hard like we we we get a lot from standing back and go oh we did that and we did with no help we that was us so when they sat up there and they told us their story it meant a lot to us to see what they went through where they're at as well so by us going up there if we can help somebody like they helped us yeah
[38:08] then that's the thing that's the theme of this when we started doing it people like we want to hear from real families or why don't you have single people why don't you have people with five kids and i'm like fuck i've got all of them fucking ease us so i'm like all right you want it yeah i got it and you do because i mean i used to do podcasts every week myself it was me it was beck i'd talk shit i'd get angry i'd rant it and now i don't think i've done a podcast in fucking years right so it's doc
[38:32] And it's you guys.
[38:33] I'd rather celebrate you guys so people go, oh, that's kind of like us.
[38:36] Shit, maybe we can do it.
[38:38] Heaps better than me banging on about some flog on the internet or politics or some shit.
[38:43] I don't think people realise how much they can do.
[38:46] They don't realise, as you say, with the toys and things.
[38:48] Or they can do it.
[38:49] They stop going out for dinner every five minutes or stop the stuff that they won't give up because they think they deserve it.
[38:55] Don't make excuses for yourself.
[38:56] But we all work a full-time week, most people.
[38:59] We all work all week.
[39:01] some more hours than others we all have bills we all have like everyone's just so full of shit i don't know why people get up and lie to themselves in the mirror every day and go we can't we can't we got weedies if you just go through your statements you realize you're full of shit yeah so just stop lying to yourself yeah you don't realize how much time in the day you've got until you do say something like 75 hard and you got a foot to fit all that in you guys crushed it you came what positions i was i was third yeah i'm still trying
[39:29] I did it twice.
[39:30] He did it twice.
[39:31] I tapped out the second time, but Chris went really, really well the second time.
[39:34] He's crushed it.
[39:34] Well, we've redone 60 strong as well.
[39:36] I haven't looked into that one.
[39:37] So we've just redone it.
[39:39] The whole app's been redone.
[39:40] So watch this space.
[39:41] That's the next launch with Nick.
[39:42] And that is, it's been redone.
[39:44] So it's the 160 minutes a day.
[39:47] but you've got to do your 10,000 steps a day.
[39:49] Because I figured for me, like I'm sedentary, right?
[39:51] I sit for 12 hours a day.
[39:53] Well, same with me operating machinery.
[39:55] I sit in a machine for 12 and a half hours.
[39:57] So it's still two things a day, but you've got to do 10,000 steps a day plus 60 minutes of exercise.
[40:02] I'm going to have to fit a watch into my...
[40:05] Yeah.
[40:05] FFF because I don't have a step counter.
[40:06] Or you put the pedometer on the phone if you've got your phone or on your watch or whatever.
[40:10] I don't have a watch so I'll have to do something like that.
[40:12] But you can put it on your phone as long as you've got your phone with you.
[40:14] So I've got this little thing on the top of my phone and it'll count your steps.
[40:18] Because that's what I find and that's what I can say to anybody.
[40:20] The biggest thing that pushes us to achieve things and it is in a part of 75, write a daily list.
[40:27] If you have a list to wake up to of a morning time and you go, right, this is the things I've got to do today...
[40:31] Ticking that off the list is the biggest pusher.
[40:34] The feeling you get when you climb into bed and know that you've done all that.
[40:37] Once you've done it, then you go, oh, I'll go and scroll shit on social media.
[40:41] Or I'll go to the pub or I'll play video, whatever it is you like.
[40:44] But do all the shit that you're obliged to do first as a productive human being.
[40:50] And that's what's pushed us.
[40:51] We're like, right, we want to pay the loan off.
[40:52] We want to buy another house.
[40:54] And once that's on our list, the conversations and the push and the drive that we have every day, which is why we probably follow things like, oh, what have they got to offer?
[41:02] 75 hard.
[41:02] Let's go give that a crack.
[41:04] And I tell you what, the motivation it brings.
[41:06] And just back to us as a couple, the excitement.
[41:09] It's like, oh, did you drink your water?
[41:11] Where are you up to you with that?
[41:12] I know.
[41:12] I know there's nights when I was worried Bec didn't read her pages or take a photo and I've woken her up.
[41:17] Yeah.
[41:17] I'm like, well, Nellie, she's going to sleep and I'm coming in.
[41:19] Did you do it?
[41:20] She's like, fuck you, I was just about to fall asleep.
[41:22] What did you do?
[41:23] She goes, yes, fuck you.
[41:24] I'm like, sorry, I just didn't want you to fail.
[41:26] Fail, I know.
[41:27] But the connection it did for us too, because I mean, you get a bit, we've been together for such a long time.
[41:32] So to have a new goal and a new challenge, it brings excitement back.
[41:38] Like, have you done that?
[41:38] Have you done that?
[41:39] Or what are we going to do to get here today?
[41:40] So that's the biggest thing I can say, write a list.
[41:43] Whether it be hang washing out, go do the vacuuming, write a list and tick it off of the day.
[41:47] Yep.
[41:48] Yeah.
[41:48] That's what we find.
[41:49] It's no different to the grocery shop every day versus once a week or twice a week.
[41:53] Yeah.
[41:55] We work best when we're challenged and when we're chasing a goal.
[41:58] Jump in the same boat and row the same direction.
[42:00] Yeah.
[42:01] And that's the other thing I'd say, be on the same page.
[42:03] And we are.
[42:04] We're very, very lucky that we are rowing the same way.
[42:08] Good.
[42:09] I like that.
[42:10] Same boat, row together, same time, same direction.
[42:13] Yep.
[42:13] Okay, I like it.
[42:15] Set goals.
[42:16] Yeah.
[42:17] And write them down.
[42:17] Goals.
[42:17] Write them down.
[42:18] Agree?
[42:19] Yeah.
[42:19] You can't have different ones.
[42:20] No.
[42:20] Yeah.
[42:21] You can have different ones, but they've got to be in a similar direction.
[42:25] You can't have one there and someone there.
[42:26] No.
[42:27] You're opposite directions.
[42:28] Well, even the second 75 hard, I know Chris was really determined because I went really well the first time.
[42:33] And the second time, he's like, no, I want to go again.
[42:35] I'm like, babe, I'm not ready to go again.
[42:36] That was really hard.
[42:37] I need to reset.
[42:38] You've actually got to be prepared.
[42:39] If you're doing that thing properly, yeah.
[42:41] Because if you're doing it because you don't want to do it, forget it.
[42:43] And the second time I went into it because he really wanted to do it and I really wanted to support him because he really supported me the first time.
[42:49] And he said, I want to go again.
[42:50] I'm like, babe, I'm not ready.
[42:51] And I knew I wasn't ready.
[42:52] And I think I got about a week and a half in and I'm like, you know what?
[42:54] I'm out.
[42:55] I can't do this, but I don't want you to give up.
[42:57] No, sometimes you're better off just supporting.
[42:59] You know what?
[43:00] I'll deal with the kids.
[43:00] That's exactly what I do.
[43:01] You go mental.
[43:02] I'll have the food done for you.
[43:03] The clothes and actually be the best support partner ever.
[43:06] And that's exactly what we did.
[43:07] I said, you know what?
[43:09] For me to help you, we're going to keep rolling that same way.
[43:12] But I'm going to do the kids' bedtime.
[43:14] I'm going to do the kids' cooking.
[43:15] I'm going to make sure everything.
[43:16] Because you know how fucking hard it is.
[43:17] It is.
[43:17] It was hard.
[43:17] If you're not so structured, forget it.
[43:20] And that's how I was able to quit but support him.
[43:23] And so you keep going and now I'm going to do this for you so you know that the night time went, you know.
[43:27] It's teamwork.
[43:27] Yeah, and it is.
[43:28] It's teamwork.
[43:29] I love it, guys.
[43:30] It makes the dream work.
[43:32] Cute couple you are.
[43:34] Except for that first part.
[43:35] But it's quite a funny.
[43:36] Oh, I'll regret that when I listen to it on the podcast.
[43:39] But as I said, the people that think this is not real, my friends and all the people that know that story, will know, okay, this is real.
[43:46] This is real.
[43:47] Even mum.
[43:48] Even mum.
[43:48] Mum's going to laugh, yeah.
[43:49] You're keen a lot.
[43:51] I love it.
[43:51] I love it.
[43:52] Now tell me, any other practical tips you could give anyone that you've learnt?
[43:57] Like are you guys...
[43:59] People go, oh, I'm going to buy in bulk.
[44:00] I'm like, don't do too much bulk.
[44:02] Interest is calculated.
[44:03] Is there any little things or myths that you thought were really good that you realised are not along the way?
[44:08] Yeah, I did try and do a lot of that, like buy in bulk.
[44:11] Let's buy all this in bulk and then I don't have to go to the shops next week.
[44:14] Okay.
[44:14] Backfired.
[44:15] The more I bought, the more that got ate and got used up or went off in the fridge.
[44:19] Yeah, okay.
[44:20] Fresh prod juice.
[44:21] Yeah, we just set a meal.
[44:22] And because we live out of town too, we have to be prepared because if I don't get meat out or Chris doesn't get meat out at the start of the day, then what's for dinner?
[44:30] So you've got to be prepared.
[44:32] You've got to have a list to stick to, a meal plan.
[44:35] Be structured.
[44:36] Yeah, structure.
[44:37] Have a plan.
[44:38] Yeah.
[44:39] So...
[44:39] So that's like meal prep.
[44:42] Yeah.
[44:42] I suppose 75 hard sort of taught us that too.
[44:45] Like just meal prep and we're so busy running around chasing the kids through the week with sport.
[44:51] Yeah.
[44:51] We have to have everything done.
[44:53] Maybe have dinner cooked or...
[44:55] Just heated it pre-done.
[44:56] Yeah.
[44:57] Otherwise, you're going, not that we do hardly ever, you'd be like going out and buying takeaway.
[45:02] Which we sort of... We never did.
[45:05] If we get takeaway, it's like we'll go to the pub and have a decent food.
[45:09] Yeah.
[45:09] For us to buy takeaway and then drive home, it'd be cold by the time we get home because we live too far out of town, so we just don't worry about it.
[45:14] My kids think I'm a walking vending machine because as soon as I jump in the car, I've got food because I don't want to go to the shops and buy it.
[45:20] Like, we're going to town for the afternoon.
[45:22] They're going to be starving when they leave school.
[45:24] So I always have food with me.
[45:26] So it kind of backfires me on sometimes because we're just literally getting in the car to drive home and they're like, Mum, I'm hungry.
[45:30] Where's the food?
[45:31] So they literally think I'm a walking vending machine.
[45:34] But I tell you what, the money that saves, not having to go to the shop and buy them.
[45:37] But again, that's structure.
[45:38] That's structure.
[45:39] Preparation and a plan of going, hey, we're X amount of...
[45:42] I'm going to have a banana or an apple or whatever.
[45:45] You know, it's also when I grew up, it's like, I'm hungry.
[45:48] Have a banana.
[45:49] I don't want a banana.
[45:49] Then you're not fucking hungry.
[45:52] It's still like, man, it's just so ingrained in me.
[45:55] You know what I mean?
[45:56] Yeah.
[45:56] It's easy to go take them through and get them a happy meal and all that bullshit these days.
[46:00] And you know what I find too?
[46:01] And I...
[46:03] not giving our kids that all the time when we do take them out our kids always turn around and go oh thanks mum for taking us for dinner they get excited it's it's it's a treat for them and um and for them to turn around and thank us for taking them out for dinner that means a lot and yeah it's because we're not just giving it to them all the time that's good parenting which results in good children yeah yeah fingers crossed yeah fingers crossed
[46:27] Now, we're going to do a part two of this because I want to see where do you guys want to go from here if we sit down again in six months?
[46:34] What do you want it to look like?
[46:37] Just keep going, I think, with the turnover of properties.
[46:41] So maybe start turning over.
[46:43] Start selling a few.
[46:43] Yeah, start selling the older.
[46:44] Sell one, buy two.
[46:46] Yeah.
[46:47] So sell down, build up.
[46:48] Sell down, build up.
[46:49] Yeah.
[46:49] Feel like Stephen Sue Ann.
[46:51] Yeah.
[46:51] So moving from the older properties that need maintenance to newer properties.
[46:56] So ones that are starting to be a ball ache.
[46:57] Yeah.
[46:58] Click them.
[46:58] Yeah.
[46:58] Get rid of that.
[46:59] Update them.
[46:59] Yeah.
[47:00] To ones that have depreciation schedules or under builder's warranty so that Chris is not going back to fix them when there's something wrong with them.
[47:06] Yeah, so still investing and still we love having the properties and doing that.
[47:11] But yeah, buying new ones and turning them over so that they're working for us.
[47:14] Because you were originally fixing a lot of them, right?
[47:16] Yeah.
[47:17] All of them.
[47:17] Okay.
[47:18] Besides the one we built, all of them.
[47:19] I'm past, I still like it.
[47:22] And I probably would like to buy a property and flip it if I wasn't working.
[47:25] As a hobby though, not as, yeah.
[47:27] As a hobby, but like...
[47:28] Nah, I'd rather buy property.
[47:30] Let it do its thing.
[47:32] Let it do its thing.
[47:33] So there's been a bit of a shift in your investment strategy for sure.
[47:36] Yeah, we'd always thought buy old, renovate them and hold them.
[47:39] Yeah, not what we think now.
[47:41] Oh, I'd like to, yeah, just keep going with what we're doing and keep building that portfolio up.
[47:48] Okay.
[47:49] I think that's what we'd probably like to do.
[47:51] So we might want to, out of the eight investments, couple in super, we maybe want to look at the six in your personal name and maybe look to start flipping two or three, some of the older ones.
[48:04] So now July 1's ticked over, new financial year as well.
[48:08] So we maybe want to start looking at a strategy that we'll work on over the week
[48:12] start flicking a couple, maybe one or two this financial year.
[48:16] But we'll look at the serviceability that'll create and what they had rental wise depreciate versus what we could replace them with.
[48:23] Because we don't want to flick them for the fun of it.
[48:26] If we're going to flick them, we need to know what service, and this is the problem, right?
[48:29] You go to the bench and say, can I buy a house?
[48:31] They're like, no.
[48:32] What we do is go, well, if we were to want to buy a house, what numbers do we need to achieve?
[48:37] Oh, if we sell that one, it gets those two.
[48:39] And at the same time, we need to reverse engineer it.
[48:41] At the same time, we need a bit of cash flow coming in with those rents.
[48:44] Well, there's some of the properties that we bought.
[48:47] One's actually getting rented out today, the tenants move in.
[48:50] and one of the other ones isn't due for another probably six or eight weeks.
[48:53] So we kind of want to wait until the cash flow's coming in from them before we flip the other ones, which are bringing in.
[48:58] We'll pre-do the calculation and go, okay, what's that room worth?
[49:01] Okay, the dust has settled there.
[49:02] That's got new tenants.
[49:03] That's got perfect.
[49:04] Cool.
[49:05] Now what would happen if they were swapped?
[49:07] Yes.
[49:07] And then we should have it all just ticking along and cash flowing, which would be good.
[49:11] So we'll play with that this weekend.
[49:12] Zach, you'll be busy.
[49:14] Mark will be busy.
[49:15] Zach is great.
[49:15] Is he in this weekend?
[49:16] Yeah, yes.
[49:17] Yeah, good.
[49:18] That'd be good.
[49:19] Mark will be on stage wearing his best tablecloth, I mean shirt.
[49:22] Don't give him shit.
[49:23] Oh, it's funny.
[49:23] We have a lot of banter.
[49:25] I was going to say, I won't unsee that now.
[49:27] Yeah, hopefully he's got a stripy tablecloth on.
[49:29] We'll see.
[49:30] He'll hear this later.
[49:31] He's a fucking arsehole.
[49:33] It was funny on the...
[49:36] The man.
[49:37] He's ripping the boys off.
[49:39] The poor Uber drivers.
[49:40] Yeah, he's giving it to them.
[49:41] They did well, apparently, everyone said.
[49:43] They did well.
[49:44] Which is good because I was crook as a dog.
[49:46] It really hit me the last...
[49:48] around, you know, shake hands with five, six hundred people and not everyone's the most hygienic.
[49:53] And then I wake up on Sunday, I've got no voice, glands, throat, and muscles, I was just everything.
[50:00] I was just shot for two weeks.
[50:01] It's funny, the last room, I think Chris, I said something was said and I said to Chris, did you go say hi to G?
[50:06] And say thanks because you let us come the last time when he had a bad back and stuff.
[50:10] And I said something, would you go say hi to G and shake his hand?
[50:12] He goes, oh, I don't think he likes shaking people's hands.
[50:15] And so you just...
[50:16] I tried a fist bump.
[50:17] He goes, I think I like to fist bump him.
[50:19] I think I shook your hand.
[50:21] Yeah, he goes, I shook his hand.
[50:22] Once I get to know people better, I'm like, oh.
[50:26] And I watch it.
[50:26] I watch them walk in.
[50:27] I hear them and say, hey, man, do you wash your hands before or after you go to the bathroom?
[50:31] They look at me and go, after.
[50:33] I say, you touch your most prized possessions without washing.
[50:35] And they go...
[50:36] And then all the women come, thank you.
[50:38] And he's like, I've watched before and after now.
[50:39] After now.
[50:40] But I've been in the bar.
[50:41] I have to have bloody security now because I'm trying to go take a leak.
[50:44] And people are talking to me in the toilet.
[50:45] I'm like, do you want to hold it for me?
[50:47] Can I just piss in peeps?
[50:48] Yeah, that must be.
[50:50] And that's the thing too.
[50:51] I mean, I know that we've messaged you a couple of times at the night time.
[50:54] And genuinely, you get back to us as well.
[50:56] And we try not to do that.
[50:58] We try not to message people outside of their...
[51:00] their times but that particular time i was having a bit of an argument with chris that was when we just sold the last place and as i said we've always kind of kept rents lower and that to look after the tenants and because i don't like to see people go without houses and stuff and i think you were rubbing off on chris like taking we're long talking to the um infinity people and it's about you know looking after ourselves and not just going low rents and things like that so when we went to sell the latest place
[51:28] I don't know if you remember the message.
[51:29] You probably must get a thousand of them.
[51:31] Told you it's not a fucking charity.
[51:33] Basically.
[51:34] Exactly.
[51:34] That's what I said.
[51:37] You're providing a service and taking the risk to put a roof over their head.
[51:40] But it's not a charity.
[51:41] Yeah, well, what happened was...
[51:43] We sold the property that morning and then the real estate rang me back about an hour later and said, Look, I have to tell you, we've just had another offer on the place and it's $5,000 more.
[51:51] Oh, yeah.
[51:51] Yeah, I don't know if you remember.
[51:53] Like the terms and all that sort of stuff.
[51:54] Yeah, so I turned around to Chris and I said to the real estate, You know, we're pretty genuine people.
[51:58] If we've made a handshake deal, we're not going to go back on that.
[52:01] Anyway, I went and he goes, maybe just go and talk to Chris.
[52:03] It's his house too and just confirm.
[52:05] Oh, I've been with him long enough.
[52:06] I know what he's going to say.
[52:07] Anyway, here he is bed bound on all these meds because his back was stuffed.
[52:11] And I told him the situation.
[52:12] He goes, ah, stuff it, take it the higher offer.
[52:14] And I'm like, what the heck?
[52:16] I'm like, no.
[52:17] And he goes, we've been giving people this stuff all too cheap for too long, blah, blah, blah.
[52:20] It's about time we look after ourselves.
[52:22] That was the endone talking.
[52:23] That's what I said to him.
[52:24] I rang the real estate back who is a mate of ours and I said, you know what?
[52:27] He's really high on drugs.
[52:29] I said, like medication.
[52:30] I said, and I think it's talking, but he's turned that offer down.
[52:33] I said, I don't want to borrow it.
[52:34] Anyway, anyway.
[52:35] Cutting a long story short, we ended up getting a higher figure.
[52:38] Well, we got what we wanted for it.
[52:40] Sorry, we got the asking price, which was $5,000 more.
[52:43] And we sold it to the same guy.
[52:44] The real estate went back to him and said, look, they've had another offer.
[52:47] They've decided if you don't want to pay the extra money, they're going to go with the other offer.
[52:50] So the guy came up and said, no, I'm happy to pay the higher figure.
[52:53] That's fine.
[52:55] Anyway, so I was feeling a little bit guilty that we don't do things like that.
[52:58] And I'm like, oh, my God, the medication's kicked in.
[53:00] Who is this guy that I've married?
[53:02] And then we just found out the other day, a friend of ours who lives in Kempsey still and knows our tenants that we've had in the place for 17 years.
[53:09] And he ran in and said, oh, how are you going now?
[53:11] The house is sold.
[53:13] And she said, well, actually, the guys that bought it have come and doubled the rent.
[53:18] And she said, I can't really afford it.
[53:19] It's a lot of money.
[53:21] She said, I was going to the real estate to look at moving out.
[53:24] She said, there's nowhere else to go.
[53:25] I have to pay the higher rents.
[53:27] Doubled the rent.
[53:28] Yeah, they doubled the rent.
[53:29] Absolutely doubled it.
[53:30] Here you are worrying about $5,000.
[53:32] I know.
[53:33] Your rent's been 50% under market.
[53:34] Chris turned around to me and said, do you feel guilty for asking him for more money now?
[53:38] And I'm like, that bugger.
[53:39] So, but yeah, that just proves like we were keeping it cheap and looking after like, you know, while we're paying a mortgage working really long hours and our kids are, you know, living in a shed so we can look after these other people that, you know, and then, yeah, somebody comes along and just charges them proper rent and...
[53:55] it's hard it's really sad at the moment but guys you should be really bloody proud and i appreciate you being so raw and so honest um and sharing with everybody too it means a lot and we'll do a part two of this because i think we need to start looking at some of the old ones like i said let's let's sell them down in the near future let's see what we can turn that into but before we end have you got any questions for me
[54:17] Yeah, I do.
[54:20] What's your thoughts on the government implementing this unrealised gains tax?
[54:27] Not worried about it at all.
[54:30] I never worry about anything at all unless it actually passes.
[54:35] So if you go way back when, I think it was Shorten or whatever, he won an unlosable election by saying he was going to scrap negative gearing.
[54:44] And guess who votes?
[54:45] People who vote typically have some sort of money or position in society, i.e.
[54:50] property investors or people with homes.
[54:53] Guess who doesn't usually bother to vote sadly?
[54:55] The people are never going to have that kind of money.
[54:56] The people that are renting, that don't understand it, that it doesn't affect them.
[55:00] But if it affects you, you vote.
[55:03] Now, something I also acknowledge is, one, that policy is completely fucking rubbish.
[55:09] It's completely fraught with bullshit and I'll have to completely rewrite it.
[55:13] Because what you'll do is crumble an entire economy.
[55:16] If you're needing people to pay in a financial year for something that has on paper made a gain and have to go be able to fund that and they can't, you'd have a whole economy come tumbling down and crashing down.
[55:28] They can't introduce it, even if they do, right?
[55:31] If they do, they'll fuck up the entire economy.
[55:33] They'll fuck up the whole housing market.
[55:35] But guess what the governments do now?
[55:37] Co-ownership's becoming one of the biggest things in the country.
[55:41] If the governments are saying you only need 2% to buy in Queensland now and we'll put in 20 or 30%, does that not tell you they want to make Australia's housing economy the most profitable, sustainable thing on the planet and keep getting stamp duties and levies and protect it?
[55:58] It'll have to be too big to fail.
[56:00] Because if all the governments are going to own 20 or 30% of every new family's home moving forward...
[56:05] Because all they've got to do is guarantee the mortgage insurance or put in 20% instead of going to build a million dollar home.
[56:13] They're smart.
[56:14] Put in 200 grand, help everyone get a house.
[56:17] Get the stamp duty back.
[56:20] Get the levies.
[56:21] So I'm not worried about it at all.
[56:24] Also because if they do introduce it.
[56:27] and fuck everyone up, guess what will happen at the next election?
[56:31] They'll get voted out.
[56:32] Oh, they'll get voted out.
[56:32] They'll get voted out.
[56:33] Yeah, they don't want that.
[56:34] So they'll introduce it, the time it'll take to introduce and pass a law.
[56:39] Kerry Packer used to say it.
[56:40] You keep introducing law after law after law, and you don't repeal, and no one understands it.
[56:44] No one, right?
[56:45] So say they do, and they put it in.
[56:48] Guess what will happen?
[56:49] They'll get voted the fuck out, and then guess what the new party does?
[56:53] Undos it.
[56:53] Undos it.
[56:55] So what I'm very conscious of in life, it's like everyone asks me about this $3 million super thing.
[57:01] Not a single person.
[57:02] That was my next question.
[57:05] I'm going to beat you.
[57:06] Everyone that asked me about that, I said not a single person to date since it's been spoken about that's asked me.
[57:11] has any chance in high hell of having $3 million in super.
[57:14] Now, you do with your portfolio, so you're the first person, publicly on record live, you're the first person that's asked me that it could affect.
[57:24] Now, again, what is superannuation?
[57:26] It's really a tax haven.
[57:28] It's the lowest tax rate, 15%.
[57:31] So they're going to keep fucking around with taxes in Australia.
[57:35] It's going to keep pissing people off, and eventually people may leave.
[57:39] and go somewhere else.
[57:40] They run away to Dubai or the Cayman, I'll fuck knows where, right?
[57:44] Singapore.
[57:45] So people are going to start leaving that have got the resources to, or people are going to start doing different shit.
[57:52] But country's still got to run.
[57:54] We're in probably one of the most beautiful, safest, mineral-rich, produce-rich.
[58:00] We can survive here without anything from pretty much anywhere else, right?
[58:04] We've got coal, we've got iron ore, we've got produce, we've got veggies, we've got water, like...
[58:08] we're pretty safe here.
[58:10] And we're so far away from everyone.
[58:13] So the thing we need is housing, and we need trades to build it.
[58:17] Unless we're gonna 3D print houses and concrete and this and that.
[58:20] So I always say this, I never worry about anything, because even if they do introduce this shit, it typically is always what they call grandfathered.
[58:29] So let's just say they introduce it and go,
[58:31] As at the 1st of January, 2026, we've introduced unrealized capital gains tax.
[58:37] Yep.
[58:39] They never really have gone and said on anything you already own.
[58:42] Yeah.
[58:43] It's from any property shares, anything purchased.
[58:47] So if you look at any legislation, any of that shit, they call it...
[58:52] It's effective from that date.
[58:53] It's grandfathered out.
[58:54] So anyone who buys anything from this date, which is all the more reason for people to fucking invest now.
[59:01] Yeah.
[59:01] Same as superannuation when they talk about changing tack.
[59:04] It'll be typically from a point in time and it will be forward thinking on the 1st of July 26 or the 1st of January 26, right?
[59:14] They'll intro it.
[59:15] They'll sure as shit get voted out on that.
[59:18] Yeah, 100%.
[59:19] No matter how bad.
[59:20] All of this stuff we hear is political spin, so they've got a reason to all get pays and argue about it in Canberra.
[59:28] It's just all verbal diarrhea.
[59:29] Yeah.
[59:30] I never worry about it because if it does come in, it's typically from a future date or date in time.
[59:36] Yeah.
[59:36] It doesn't typically affect previous people.
[59:39] Because you can't say, I bought, and they can, but they don't.
[59:43] But hey, anyone who's got a property, we're going to take gearing away.
[59:46] Well, it would have to apply.
[59:47] So remember when they did stamp duty or land tax forever?
[59:52] And then they scrapped it.
[59:54] So they brought it in.
[59:54] But if you said, no, I don't want to do property tax.
[59:57] If you want to do, here's 50 grand stamp duty.
[1:00:00] Or you can pay no stamp duty and pay property tax forever.
[1:00:03] But once you made that decision, that property was fucked for life because it had that forever.
[1:00:08] You couldn't swap it, right?
[1:00:10] And then they undid it all.
[1:00:12] So that's a really good example when they brought that in.
[1:00:15] They grew it and then they fucked it off and got rid of it.
[1:00:18] So I never worry about it whilst there's an election year or just into and just after.
[1:00:26] Because it's all hot air.
[1:00:28] to make everyone look important and talk shit and then they water it down.
[1:00:33] I'll give you a really good example, Trump tariffs.
[1:00:35] I'm going to fuck up the planet with tariffs and make America rich again, great again.
[1:00:39] And even now with China, they've settled down here.
[1:00:42] There's fucking tariffs.
[1:00:45] It's funny because like...
[1:00:46] Think about it.
[1:00:48] And we end up here.
[1:00:50] But what do we all talk about?
[1:00:52] Think of especially in mining.
[1:00:54] All the boys at work on site will be talking about is tariffs and supers and taxes.
[1:00:58] Because we think it's smart to non-tax ourselves to wealth.
[1:01:02] You'll never save your way to wealth.
[1:01:04] No.
[1:01:05] All right?
[1:01:05] Yeah.
[1:01:06] But the number one thing we all want to talk and whinge about is taxes.
[1:01:09] So when they do, I go, boys, if it happens, it's probably going to be applicable from a set date to anything you acquire after that.
[1:01:17] It is absolutely unconstitutional.
[1:01:19] It's WIC, it's Marbo, it's, you know, it's, you know, if you go back to the castle, it's like, it's unfair to say, hey, you bought shares in 1980 and we're going to start taxing you on their value increase.
[1:01:30] Do you know what I mean?
[1:01:31] Like, I bought that in 1980 under that legislation in your faith.
[1:01:35] Changing what I did would see a whole nation's economy shit the bed.
[1:01:42] Unless their intent is to crash the whole Australian economy,
[1:01:45] Now, they'll probably put it through.
[1:01:47] They'll probably do something from some sort of date or some sort of rules.
[1:01:51] When they get this really clear draft thing they're voting on, I'll watch it and I'll worry about it.
[1:01:56] Yeah, okay.
[1:01:56] Then I'll go to a PWC, a Deloitte, an EY.
[1:02:00] I'll go to all those big boys and girls, which everyone will, spend a gazillion dollars and get rules, interpretations.
[1:02:06] And as you guys know, anything that's ever been introduced, usually those firms write it.
[1:02:11] There's a way around it.
[1:02:13] And then you'll figure out how to actually play the game of Monopoly.
[1:02:17] Yeah, yeah.
[1:02:17] And you never do anything illegal or untoward, but you go and get the expert advice.
[1:02:21] And then I'll filter that down to my client community.
[1:02:23] Yeah.
[1:02:24] But for now, it's just more shit on the news.
[1:02:26] Yeah.
[1:02:27] Yeah, the barbecue mafia, like the fellas at work will go, oh, jeez, how are you going to go with this super and that $3 million?
[1:02:36] And I'm like, oh, well, this is what it is.
[1:02:38] And that's probably something with us investing and buying houses.
[1:02:40] Everybody finds a way to go, oh, how are you going to afford that one?
[1:02:42] You know.
[1:02:43] Yeah, you know what I say?
[1:02:44] How do you go when you come to work all day and lose half your paying tax?
[1:02:47] Yeah, that's it.
[1:02:48] You still come to fucking work.
[1:02:49] Yeah.
[1:02:50] But which probably leads me to my question.
[1:02:53] My question's not so much governmental like that.
[1:02:56] It's more of a personal question, which obviously led us onto the journey of finding you, which was the fact that, you know, come five years' time, I may not, you know, be in a position that I have a good paying job.
[1:03:07] Yep.
[1:03:08] and looking for where to go from here, I'd said that all I want is that when I do finish my job there and if I'm lucky enough to get a redundancy, that we are set up so that I have to work.
[1:03:20] I don't have to work but I want to work.
[1:03:23] I want to work because I want to work and not because I have to work.
[1:03:27] Seeing our parents struggle, you know, I don't want to be in that position that I get near retirement age and then I'm stressed out about money.
[1:03:35] with the journey that we're going on in five years time, am I going to be in a position that I don't have to stress about going and retraining myself into another thing?
[1:03:45] Because I'm really worried that, you know.
[1:03:47] Absolutely, a really good example.
[1:03:48] If I can go and work.
[1:03:49] Let's sell one of your properties.
[1:03:52] Let's sell two, whatever.
[1:03:53] Let's sell the properties and have a million dollars cash.
[1:03:55] Okay, because you've got a big enough portfolio.
[1:03:57] Yeah.
[1:03:58] And let's put that in the fund and earn 12%.
[1:03:59] Yeah, okay.
[1:04:00] There's 120 grand a year.
[1:04:01] All right.
[1:04:02] Paid monthly.
[1:04:03] Yeah.
[1:04:03] 10 grand, 10 grand.
[1:04:04] Now, okay, you might earn 200 and you think that's shit, but you're not going to work.
[1:04:08] No, that's right.
[1:04:09] So, if you were to do that plus do anything for fun.
[1:04:12] Yeah.
[1:04:12] And that's it.
[1:04:13] It's not about, I don't want to go, oh, okay, we've got all these properties.
[1:04:16] I don't want to work again.
[1:04:17] I love working.
[1:04:17] I enjoy...
[1:04:19] Steve and Jamie Perryman, who were on one recently, they sold their motel, blah, blah, blah.
[1:04:23] That's right.
[1:04:24] Put the money into the fund.
[1:04:25] Yep.
[1:04:26] Travelled the world.
[1:04:26] And now they're both working again, but they're receiving.
[1:04:29] And she said that she'd never work again.
[1:04:30] And you said, yes, she will.
[1:04:31] That'll be me.
[1:04:32] Yeah.
[1:04:32] No, I do want to work.
[1:04:34] So here's the thing.
[1:04:35] Making the strategic decisions to build liquidity or capital, but have it still appreciating for now.
[1:04:42] Yep.
[1:04:42] Yep.
[1:04:42] The joy of that is when we need to make changes, even if the world shit the bed and you had to sell them, by the time you sold it, dropped 10%.
[1:04:49] Yeah.
[1:04:50] A million dollars versus 900 grand is still 900 grand that all your mates at work fucking bang on about that don't have.
[1:04:56] Yeah.
[1:04:56] On their swing off, they go to Bali and Thailand.
[1:05:00] so that's still 900 grand liquidity instead of a mil yeah yeah right markets never drop more than 5.5 look at doc stuff right so i always say don't stress too much about it like keep that drive and that fear that fear is i just gotta find what i want to do now like i've got the opportunity yeah i just i'm waiting on it it's buying and selling property
[1:05:21] But if you look at what I'm doing now and look at it at a higher level for the bank, and this is where other buyers, agents and gurus and do it in trust because the bank won't give them the money, grow the fuck up.
[1:05:32] Cool.
[1:05:32] That's cute, right?
[1:05:34] But I sell so many properties every year.
[1:05:36] My tax returns.
[1:05:37] I'm an investor.
[1:05:38] I make more profit than every year at a flipping property.
[1:05:42] That's on my tax returns.
[1:05:44] I can show millions of dollars a year with tax paid on it.
[1:05:46] And half of it, CGT free.
[1:05:49] So you can get to a point where you actually are a professional investor.
[1:05:53] You've got a track record over a few years.
[1:05:55] So sitting on eight, nine properties now, and that's why each financial year, we want to show, like Steven Swift, sell two, buy more.
[1:06:05] Sell two.
[1:06:06] But what we're actually doing then strategically each financial year is besides our employment income, we're now showing you as a professional investor outside of your employment income.
[1:06:15] Yeah.
[1:06:15] So if we stop our employment income, we have historical tax returns for the bank showing you're a professional investor that's consistently made half a million dollars a year for the last five years.
[1:06:27] which will make it easier to keep investing, won't it?
[1:06:30] Just got the oldest two, whichever two have gone up the most, cool.
[1:06:34] They've had it because the ones that have a big run usually then settle for a while.
[1:06:38] They don't all run forever.
[1:06:39] So they have a big run, sell those ones.
[1:06:42] The next ones run, sell those ones.
[1:06:44] And we just swap the deck chairs out.
[1:06:46] Yeah.
[1:06:47] Again, I just wanted to get to the end of five years and not have to do shift work and not have to be away from home every weekend.
[1:06:51] So if you just rationalise and say, I want $240,000 a year or $120,000, we need to get a million or $2 million profit out of your entire portfolio.
[1:07:01] Okay.
[1:07:02] Okay.
[1:07:02] Put it in something like the fun, like I do, which you guys do as well.
[1:07:05] You've got money in there.
[1:07:06] You know, that's fun.
[1:07:08] And you've got your $120,000 to $240,000 a year.
[1:07:11] That's what people would be able to get.
[1:07:12] You're going to have money to make money.
[1:07:14] Well, you've got to make the money to have the money to make more money, to have money babies, right?
[1:07:19] But just something as simple as that for you with a fixed income stream.
[1:07:23] Don't get the capital growth, but just the fixed income stream to replace what you were doing at work.
[1:07:28] You'd be fine.
[1:07:29] Very good.
[1:07:29] But keep that fear because it's healthy.
[1:07:31] It is healthy.
[1:07:32] I just...
[1:07:32] Same for me.
[1:07:33] Again, it's a bit like having that goal.
[1:07:36] Now I've just got to find what I want to do.
[1:07:38] And once I know what I want to do, I'll go for it.
[1:07:39] But it's just being outside of, you know, office work or computer work, being away from all that stuff, it's...
[1:07:46] come a long way and we don't know what the world looks like in five years with ai yeah people could be but typically technology has always been a net net that makes sense so whilst we bring the internet and what we lose in some fields we then gain in other new industries and roles emerge so let's see stay tuned but i wouldn't be the fear is healthy but where you are where you guys are no problem yeah you'll live very happily ever after
[1:08:11] Fingers crossed.
[1:08:12] With all your help.
[1:08:13] Thanks, too, and Finny.
[1:08:14] Well, again, we just give you the info.
[1:08:16] Yeah.
[1:08:17] If you stick to it – oh, it's time for lunch for me again.
[1:08:19] Jeez.
[1:08:20] If you stick to it, you'll be fine.
[1:08:22] Not just the info.
[1:08:22] You give us the team.
[1:08:23] The team – we help – the team help us greatly.
[1:08:27] They give us our goals and – Yeah.
[1:08:29] Yeah, they help us.
[1:08:30] Look, the team is brilliant.
[1:08:32] You know, they don't get – they get kudos, but they don't get enough kudos.
[1:08:35] But I'm intrigued this year because I know I've looked at the numbers
[1:08:38] We've got brokers here, individual brokers, not the team, the brokers alone.
[1:08:43] One of them settled $260-something million this financial year.
[1:08:46] Oh, wow.
[1:08:47] Now, only less than 10% of the industry doing more than $50 million a year, and we've got people doing $260,000, $240,000.
[1:08:56] they work their asses off so I'm very excited this year because in all the awards coming through I know that there'll be whole top three or whole top four at best is some of our team and that's cool because I get to pass the baton and be like I don't even do that shit anymore I stay up to date with it but I don't sit there and do it but our team are doing two, three times better than I ever did that's a business, that's pretty cool now so I get to enjoy that which is cool very good
[1:09:23] Well done.
[1:09:24] No, thank you.
[1:09:25] Appreciate it, guys.
[1:09:26] Enjoy the weekend and we'll see you for a part two very soon.
[1:09:29] Sounds good.
[1:09:30] Sounds like a plan.
[1:09:30] Thanks, Jay.
[1:09:31] Thank you.
[1:09:31] Well done.
[1:09:31] Thanks, Jay.
[1:09:34] You're fucking gone.
[1:09:34] See ya.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.