# From $680K in Debt to 4 Investment Properties | Jess & Paul | CHANGING LIVES | Season 3 Ep 22

An episode of [Money Mentor Podcast™](https://invisiblenetwork.ai/podcast/1632604767), 9 Sep 2025, 1 h 21 min.

Audio: https://episode.flightcast.com/vqhi9gqeuucwbn4qclbia7nn.mp3

In this episode of The Money Mentor: Changing Lives Financially, we sit down with Jessica and Paul from Melbourne, a hardworking couple who turned financial stress into financial success — and are now creating the life they once only dreamed about. After selling their investment property in Perth, Jessica and Paul built a portfolio of five properties (including three overseas holiday homes) and are now proudly working for themselves. Their journey shows what’s possible when you make sacrifices early, stay disciplined with a budget (even with two kids), and focus on long-term goals. Instead of spending on toys and material things, they chose to invest in experiences and quality time as a family, proving that being intentional with money doesn’t mean giving up joy, it means creating more of it. We talk about: • The turning point that inspired them to change their financial path • How they budget day to day with two kids and still enjoy life • The big goals that are helping them fast-track towards their dream life and retirement • Making their money tax effective while running a business • Insights on the property and housing market • Practical tips, tools, and direction they received from Infinity • Balancing finances with fitness, lifestyle, and spending choices 👉 Follow the link https://bit.ly/43V2jKN to watch the free webinar

## Transcript

[0:00] Where holiday is like that's our size.
[0:01] How many holidays a year?
[0:03] Last year we went overseas three times.
[0:07] Yeah, small holidays, so we choose our holidays I think.
[0:09] Okay, so hang on, let's go back a step.
[0:11] So home and investment property in Perth.
[0:14] Sold an investment property in Perth, paid off half the mortgage roughly.
[0:18] Then pay the other half off yourself all in a year and a bit.
[0:21] Okay, how many investment properties do you have today?
[0:26] Four.
[0:26] Four and our home.
[0:28] So five properties.
[0:30] Yeah.
[0:31] How many overseas holidays last year?
[0:33] Three.
[0:35] Working for yourself, running your own salon from home or from... Yeah, from home.
[0:39] Okay.
[0:39] And running a plumbing business.
[0:41] Brand new businesses, so to speak.
[0:42] A couple of years, a bit longer.
[0:43] Yeah.
[0:44] Five properties, home loan paid off, three overseas trips last year.
[0:48] It fucking sounds terrible.
[0:50] Yeah.
[0:51] Money is the root of all evil.
[0:52] The fucking lack of it is.
[0:53] Not money.
[0:54] The lack of understanding money.
[0:56] 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.
[1:03] watching the money made to a podcast with Graham Homes Graham Homes Graham Homes you're fucking gone
[1:12] Welcome back to another episode of The Money Mentor and continuing on the changing lives financially theme.
[1:17] We have two very special guests today.
[1:19] Hello to Jess and Paul.
[1:21] How are we?
[1:22] Good G, how are you?
[1:23] Are you nervous?
[1:24] No.
[1:25] I'm not too bad.
[1:26] Quick, get a shot or something.
[1:27] No, we'll be fine.
[1:29] So don't be nervous.
[1:30] It's my first time.
[1:31] We'll just fucking, we'll figure it out, right?
[1:33] We'll just go to the flow.
[1:34] I feel like a dance-off at rim.
[1:37] I'll be nervous Did you see Steve?
[1:38] Someone in a mankini Oh we missed that one We were there the month Oh really?
[1:42] We had a guy in a mankini And Steve Perryman Come and got in the photo line With no pants on Oh you missed some crackers I didn't hear about that I'll find the photos for you There's some absolute We're a lovely bunch At Infinity
[1:56] So guys, do you want to maybe, obviously we know each other well, do you want to give everyone tuning in at home a bit of background on who you are, where you're from, employed, businesses, kids, just life in general, quickly?
[2:08] So we live in the Macedon Ranges in Melbourne.
[2:12] We have two kids, nine and seven, a boy and a girl.
[2:18] I'm a hairdresser, I've got my own salon.
[2:21] I'm a plumber with my own business.
[2:23] It's a shitty job.
[2:25] It is a shitty job.
[2:26] Pays well.
[2:27] Yeah, but when you're the boss, you don't have to do the shitty job, so it's not too bad.
[2:30] I have another team at least.
[2:34] So plumber and hairdresser.
[2:36] Yeah.
[2:37] And how long have you guys been running your own businesses for?
[2:41] I'm only three, not quite three years.
[2:43] And I'm six.
[2:44] Yeah.
[2:45] So relatively new.
[2:46] Okay.
[2:47] So relatively new.
[2:48] So lots of fun and games.
[2:49] Yeah.
[2:50] Lots of fun and games.
[2:50] Well, it's just me, so it's easy.
[2:53] Okay.
[2:53] It's easy for me with just me.
[2:54] So you just yell at yourself.
[2:55] Yep.
[2:56] Okay.
[2:56] Fair enough.
[2:57] Fires herself.
[2:59] Fire and fire yourself every day.
[3:01] Okay.
[3:01] Yeah.
[3:02] So how does life go running two businesses for yourselves, young family, couple of kids?
[3:09] That's pretty full on.
[3:10] Yeah, it's pretty hectic.
[3:11] It's busy.
[3:12] Yeah.
[3:13] So yeah, it's been hard I think, but yeah, we've made it work.
[3:18] What about financially pre-Infinity then?
[3:21] How were you guys going?
[3:22] Were you still running businesses back then or were you employees?
[3:26] Yeah, so I was on wages on the big union sites.
[3:32] Jess still had her salon.
[3:33] I had my salon, but before kids, I was in the city.
[3:35] I was in Melbourne CBD working as a head.
[3:37] I started doing big hours.
[3:38] Yeah, so we were doing massive hours for the kids.
[3:43] And then we moved back out to Riddle and built a house when we're on one income.
[3:48] So it was tough.
[3:48] Yeah, it was hard because we did it all at once.
[3:51] So we did the housing, the kids, the businesses.
[3:55] All at the same time.
[3:56] Yeah, we don't, yeah.
[3:57] But we did it anyway.
[3:58] Nothing in harm.
[3:58] Just have a death wish.
[4:00] Yeah.
[4:00] We're going to move back out of town.
[4:03] We're going to buy a block, build our dream home, have a couple of kids and start a couple of businesses.
[4:08] And they were premature too.
[4:09] So two months early.
[4:10] So why not throw it in there?
[4:11] Sign me up.
[4:14] It was chaotic.
[4:15] So it breathed you a bit.
[4:16] I think we work better under pressure though.
[4:18] I think when we're under pressure, we do work better.
[4:21] So I think it was, yeah, I don't know.
[4:23] If it was easy, everyone would be doing it.
[4:24] So to be running your own businesses, building your own house, raising a family, that's not something the average person even thinks of having a crack at.
[4:31] So you're probably right.
[4:32] And to be a business owner, you typically do operate better under pressure with lots of conflicting priorities and shit, what's happening.
[4:40] You either operate in that mode or you don't.
[4:43] Yeah.
[4:44] I get it.
[4:45] It's the crazy.
[4:45] Yeah, the crazy.
[4:46] Yeah, the crazy.
[4:47] Yeah.
[4:47] Okay.
[4:49] So with all of that going on, what was the financial position before we met?
[4:53] So how were you going home, investment, all that sort of jazz?
[4:58] Yeah, so we didn't own our home.
[5:01] We had a mortgage of about $350,000, was it?
[5:04] Well, that was for four.
[5:05] Originally, seven years ago, we had a mortgage of $680,000 because we'd drawn back to put a shed on, do landscaping.
[5:13] We were on one wage.
[5:14] We were already pumping the mortgage before we came on board with you guys.
[5:17] Yeah.
[5:18] And we were with probably one of your competitors, or we weren't with them, but we were getting advice from them on investments and stuff.
[5:27] So- The broker, yeah.
[5:29] We had a investment that we bought in Perth.
[5:32] Yeah.
[5:33] Perth has done well in the last few years, thankfully.
[5:36] Yeah, but we bought with that broker and we kind of, like you've always said, got left then.
[5:40] You buy.
[5:41] Right.
[5:41] And then it's like...
[5:42] So the advice was good, it just stops.
[5:44] The advice was good, but it wasn't...
[5:47] He wasn't always there for us either.
[5:48] No, it's just...
[5:49] He was like very... And sometimes very vague and... Sign and here we go.
[5:52] Yeah, there was no connection there really.
[5:55] Oh, no romance.
[5:56] No romance, mate.
[5:57] No romance.
[5:58] You romanticised me.
[6:01] Bought Paul a drink and that was the end of it.
[6:05] So what did we do?
[6:06] We bought that and then we had, yeah, then we bought Perth during, I suppose starting, you started your own business literally a month or so after we bought Perth.
[6:16] Right.
[6:17] And we were gonna buy another property and then it kind of just got hectic I think.
[6:21] And we felt like we weren't getting the right advice.
[6:23] We were kind of... We were paying off the mortgage.
[6:25] I think we are both good savers.
[6:27] So we had the wrong advice.
[6:29] You had the first bit down, Pat.
[6:30] You were smashing the mortgage, had an investment in Perth.
[6:34] But it just... Heaps of shit going on.
[6:36] Yeah, lots of... We had no direction.
[6:38] No direction.
[6:39] We had this investment, but we still had no direction.
[6:41] We didn't know what...
[6:43] In our heads, it could have been a 20 year investment.
[6:45] We had no idea what to do with it.
[6:47] Right.
[6:47] So there was no direction.
[6:48] We were going to keep that forever.
[6:49] There were no goals.
[6:50] No.
[6:50] We were keeping Perth forever.
[6:51] It was going to be our retirement.
[6:54] And I think for us it was, I was looking at other avenues and I saw you.
[7:01] Yeah, where did you find us?
[7:03] You were on, I think Instagram it was.
[7:04] Okay.
[7:05] I said to Paul, oh look.
[7:07] Insta Famous.
[7:08] Yeah.
[7:09] And I just.
[7:09] You were so ready to tell you.
[7:10] I signed us up without even him knowing.
[7:13] Oh shit.
[7:15] From the free webinar?
[7:16] Yeah.
[7:17] And we're in the car with the kids.
[7:18] We're in the car with the kids.
[7:21] And then I sat there all weekend, so you weren't even there.
[7:24] No.
[7:24] Oh really?
[7:25] You got stitched up?
[7:26] The first one.
[7:26] The second day I was there, but the first day I had to work.
[7:30] But we, yeah, the first one we had you in the car with the kids, didn't we?
[7:34] And the moment Paul heard you swearing and stuff, Paul was like, oh, he's my kind of
[7:39] hear kids earmuffs yeah it was it was like oh god who is this guy but we listened to you on the way home and then that was it we signed up straight away there was no thinking it was just yep and i thought that was a facade until i actually met you and i was like no that's how he is this guy's a lunatic he's fucking mental yeah it gets worse after a couple of drinks as well so
[8:01] Okay, so what was it in the masterclass that you guys were like, okay, we can fix some shit here and do, because you're doing it right.
[8:08] But what was it like, okay, we can do much better.
[8:10] What were those light bulb moments?
[8:14] For me, it was the different ideas that you put forward during that class.
[8:20] It was like, everything that we had, or we thought we knew about property investment was just like blown out the water.
[8:29] Right.
[8:30] For me personally anyway.
[8:32] Yeah.
[8:32] It wasn't so, it wasn't always you buy a property, you keep it for 20, 30 years, and then you hope it's worth more at the end of that time.
[8:41] It was just like a lot more aggressive.
[8:43] It just seemed to be a lot different than what we thought.
[8:47] Yeah, I think we always thought we'd keep property forever.
[8:50] That's what you do, you just keep it.
[8:52] And like you always say, you move out of your old property and then you keep that and then you buy a new one.
[8:56] And I think that was the advice we'd always had.
[8:59] So I think seeing that, but even like little tricks that you teach in the masterclass, it was like, we thought we were good savers, but we were like, oh, duh, duh.
[9:07] I thought that's just things that we all do, we make mistakes in doing.
[9:11] And we were like, of course, like we can do better.
[9:14] And so we even noticed, even knuckling down, I think, and having a budget a bit more, we got better.
[9:19] Yeah.
[9:21] So you guys joined in like May 23?
[9:24] 23 May, yeah.
[9:25] Okay, so coming out of COVID.
[9:28] And what was the loan at when we started?
[9:30] 330.
[9:30] 330, okay.
[9:32] And what's it at today?
[9:34] Zero.
[9:35] Zero?
[9:35] Zero for a while now.
[9:36] We've actually paid off a bit more, some investments as well.
[9:39] Okay, so let's go back here.
[9:41] So we got home, 330 grand loan, and we got an investment in Perth.
[9:46] Yeah.
[9:46] Okay.
[9:47] The home loan from May 23, so we're about two and a bit years in, two and a couple months in, is zero.
[9:53] in April 2024.
[9:56] So a year later nearly.
[9:57] Yeah.
[9:58] April, May.
[9:58] 12, 13 months later.
[9:59] Yeah, it wasn't that much more.
[10:00] What did we do?
[10:02] You told us to get rid of Perth.
[10:03] It's funny this is.
[10:04] Sell that doll.
[10:05] Yeah.
[10:07] We came to your first REM and you actually named the...
[10:11] that we had bought in earth.
[10:13] And you were like, have you got a property?
[10:14] And I was like, oh, God, that's us.
[10:15] We're going to be selling.
[10:17] And so we got home and you said, that's it, sell it.
[10:20] Okay.
[10:21] So we sold.
[10:21] Sold?
[10:22] Yep.
[10:22] And used that profit to clear the mortgage?
[10:24] No, because we only got about $200,000, but we had to pay tax, obviously, a couple of things.
[10:29] Yeah.
[10:30] But we got $170,000 on the mortgage.
[10:34] And then the rest was just us.
[10:35] We sold a caravan that was worth $25,000.
[10:37] It was an expensive one.
[10:38] Yep.
[10:39] Yeah, and we just knuckled down.
[10:42] Got our budget and smashed it.
[10:44] Okay.
[10:45] So smashed a bit from sale, a bit from van sale, and then just absolutely smashed it.
[10:49] Yeah.
[10:49] It became a game, I think.
[10:50] It became a game, didn't it?
[10:52] We're a bit competitive.
[10:53] Yeah.
[10:54] So what are you guys operators, are you running a budget now?
[10:57] Yeah, we've got a budget.
[10:59] We definitely do.
[11:02] But we don't find it hard.
[11:03] It's not even a budget for us anymore, though, since we came with you guys.
[11:06] Because now that we're used to it, we never really bought shit anyway.
[11:10] But now we literally don't buy anything that we don't need, which isn't a bad thing.
[11:14] It's just so good.
[11:16] It's just day-to-day, normal life.
[11:18] If something breaks, you replace it.
[11:20] But you have your holidays.
[11:21] But you're just living a normal life.
[11:22] And we have heaps of holidays.
[11:23] We do.
[11:24] We're holidayers.
[11:25] How many holidays a year?
[11:27] Last year we went overseas three times.
[11:29] Yeah.
[11:31] Yeah.
[11:31] Small holidays, so we choose our holidays, I think.
[11:33] Okay, so hang on, let's go back a step.
[11:35] So home and investment property in Perth.
[11:38] Yeah.
[11:38] Sold an investment property in Perth, paid off half the mortgage roughly.
[11:42] Yeah.
[11:42] Then pay the other half off yourself all in a year and a bit.
[11:45] Yeah.
[11:46] Okay.
[11:47] How many investment properties do you have today?
[11:50] Four.
[11:50] Four and our home.
[11:52] So five properties.
[11:55] How many overseas holidays last year?
[11:57] Three.
[11:59] Working for yourself, running your own salon from home?
[12:01] Yeah, from home.
[12:03] Okay.
[12:03] And running a plumbing business.
[12:05] Brand new businesses, so to speak.
[12:06] A couple of years, a bit longer.
[12:07] Yeah.
[12:08] Five properties.
[12:09] Home loan paid off.
[12:10] Three overseas trips last year.
[12:13] It fucking sounds terrible.
[12:14] Yeah, it sounds terrible.
[12:16] But I think it's to get there you have to... We did do the sacrificing at the start and you do have to knuckle down at the start.
[12:22] But we still do.
[12:23] And we still do now.
[12:24] But I think it's like you don't buy your coffees out all the time.
[12:29] I never buy a coffee out.
[12:30] I have to admit I prefer my own coffee at home.
[12:32] So I will come back home.
[12:33] So you're not grabbing a white monster on the way to work and a Snickers?
[12:38] Who makes your life fade away?
[12:39] So my boys, my apprentice always cries poor even though I pay him way too much.
[12:44] But he will go out and buy a coffee every day and it's like, well, if you can't afford it... On apprentice wages.
[12:50] Yeah.
[12:51] And it's like, I probably can afford to do it, but I still don't do it.
[12:55] Yeah.
[12:55] Because I know that every $7 a day adds up.
[12:59] Yeah.
[12:59] It might sound small, but it's the small things.
[13:02] If you calculate, if you're skipping that and then there's a few other things on top of that, I don't know, it might be $50 a day.
[13:09] Yeah.
[13:10] Then they get a smoker or something or they go buy lunch as well.
[13:12] Smoker, yeah.
[13:13] Then they got no money and then put petrol in their car and they're broke at the end of the week.
[13:16] Yep.
[13:17] So it adds up.
[13:17] It's all the small stuff, not the big stuff.
[13:19] Yep.
[13:19] Yeah.
[13:20] Okay.
[13:20] And so we'd rather three... And we were going to Europe.
[13:23] We're not going to Europe three times a year.
[13:25] Yeah.
[13:25] It was going to Asian countries.
[13:27] Yep.
[13:28] But still nice holidays.
[13:29] So they're doing Balees, Fijis, Thailand.
[13:31] We did, yeah, Philippines.
[13:32] Yep.
[13:33] And so our kids still get amazing holidays, but we would prefer to do that than buy them $1,000 worth of birthday presents.
[13:39] Yep.
[13:39] So for us, it's, we have a, and it probably looks like we don't buy as much for our kids, but they get experiences.
[13:45] And I think that says a lot more.
[13:47] So they've got the memories and the experiences.
[13:49] So they can remember when they went to a waterfall or rode an elephant.
[13:53] They've been to seven countries.
[13:54] Seven countries?
[13:55] Yeah, like these kids are being travelled.
[13:57] Well travelled.
[13:58] Yeah.
[13:59] Well cultured.
[14:00] I think buying a present.
[14:01] It's so much better than buying a material thing because they get, it doesn't matter what it is, they'll get it and then a week later it'll be in the corner somewhere and they won't ever use it again.
[14:11] And having businesses, I think having quality time with our kids is important because at home we are, like especially Paul, he's on his work phone a lot.
[14:17] Like he's busy.
[14:19] So I think for us to have like time that we go away, we have only time with our kids.
[14:22] It's just, yeah.
[14:24] So that's our...
[14:25] You'd be doing long hours, out on sites, jobs, away.
[14:29] I try to limit the hours on site because I don't want my kids to grow up and not see them when they're growing up.
[14:35] Yeah, fair enough.
[14:36] So I try to be home at like 4.30 every day and then I'll spend, or I'll try and spend those few hours with them before they go to bed and then...
[14:45] After they go to bed, I'm on the couch just doing paperwork and all the fun shit.
[14:49] All the shit that you don't... You think, I'm going to be a business owner and not report to the man or the woman.
[14:53] No one sees.
[14:53] And then everyone else is watching Married at First Sight and you're doing the books and you're dealing with quotes.
[14:57] All that shit no one sees.
[15:00] Yeah.
[15:00] Oh, yeah.
[15:01] You've got to be mental like me to want to do it.
[15:03] Yeah, it's crazy, yeah.
[15:04] And then everyone whinges.
[15:05] But good on you guys because it's not easy, that's for sure.
[15:08] So, okay.
[15:09] So what's the big goals for you guys?
[15:12] So we've got home paid off.
[15:14] We've got two businesses doing really well now that are recently starting the last few years.
[15:18] You've got four investment properties, five properties in total, multiple overseas trips.
[15:24] You guys really are living the dream life and you're going, no, we're working our guts out.
[15:28] It's fucking hard.
[15:29] You're having life experiences with your children.
[15:31] You're spending time with your children.
[15:34] You're running a business, businesses that allow you to do that.
[15:37] What's the big goal?
[15:40] No, we already got to our goal that we had before Infinity.
[15:43] Well, that was our short-term goal.
[15:44] It was like...
[15:45] But we just got to it quicker than we thought we would.
[15:47] Yeah, yeah.
[15:47] So you didn't think you'd get there that quick?
[15:49] No way.
[15:50] No.
[15:50] No marriage.
[15:51] So had you never thought of selling Perth to pull that in to pay the mortgage off?
[15:56] Ever.
[15:56] No.
[15:57] And the amount of people that we tell that to, they're like, oh no, you don't do that.
[16:01] You never sell property.
[16:02] It's like, we didn't think to do that either.
[16:04] And then you do it and you're like, oh, duh, that kind of makes sense.
[16:07] If you don't sell it, what do you fucking buy it for?
[16:09] Yeah, 100%.
[16:10] It was not in our heads at all.
[16:12] And not even, like our broker never even told us that.
[16:15] No one tells us that.
[16:16] Well, yeah, because then you lose the trail commission.
[16:18] Oh, yeah.
[16:18] If I write the loan and then you sell the house, I don't get the commission anymore.
[16:22] I'd rather you buy three more.
[16:23] We'll start again and then we'll get six and we'll get eight.
[16:27] It's definitely a weird way of thinking to be a bit contrarian.
[16:32] Like, well, you invest to make money.
[16:34] You make money, it's not monopoly.
[16:36] Let's take it off the board, pay off your home and then reinvest.
[16:39] Because, hey, touchable, something goes wrong.
[16:41] If the world shits the bed tomorrow, at least you took that money off the board.
[16:45] Paying your home.
[16:46] And I think that's what people miss.
[16:48] They get greedy.
[16:49] Yeah.
[16:49] They do.
[16:50] But honestly, with our long term goals, we just want to, ultimately we want to retire early and we want to retire comfortably, like really comfortably too.
[17:02] Really comfortably.
[17:03] Really comfortably.
[17:03] But even if we have passive income coming in from investments, even if we change what we're doing, like physically I don't think Paul can do plumbing forever.
[17:11] Yeah.
[17:12] I would even love to be at a stage where, I don't know if it sounds ridiculous, but
[17:17] Paying off my mortgage when I was 40 sounded ridiculous to him.
[17:20] We did that.
[17:21] So how old were you guys when the mortgage was gone?
[17:24] I was 40.
[17:25] I wasn't.
[17:25] I know you like to say I was 40.
[17:26] I was not.
[17:28] Just to clarify.
[17:29] I was 37.
[17:30] Paul always says, oh, you're close enough to 40.
[17:33] I'm like, no, I'm not.
[17:34] I'm not actually 40.
[17:35] So 37 and 40, home paid off.
[17:37] Done.
[17:38] Four investment properties, five properties in total.
[17:40] Yeah.
[17:41] Okay.
[17:42] And when would you want to retire?
[17:45] If you thought 40 to own your home and 37 and 40 was mad to own your home, what do you think?
[17:50] I don't know if...
[17:52] I don't know if I would love to retire because I would love to do something else that I actually enjoy doing and keep the brain ticking as well.
[17:59] Yeah.
[17:59] So I would love to literally manage or have an input in our properties in some way.
[18:05] A bit like that can I do.
[18:08] Well, maybe not.
[18:08] Not yours.
[18:09] Not what you do.
[18:10] No.
[18:10] I don't know.
[18:12] But just be able to manage your properties and look at your...
[18:14] I suppose we've got you guys to manage them, so...
[18:17] Depends.
[18:17] I mean, I look at it as like we're ready to stop whenever we want to stop and kids and all that.
[18:22] Things will change for us.
[18:24] But our team are fucking brilliant.
[18:25] You know what I mean?
[18:26] Like you see there's so many more people doing more and more and more and I'm doing less and less and less.
[18:31] Yeah.
[18:32] And the business is actually better with me doing less.
[18:34] It shows that other people are better at it.
[18:36] Happy days.
[18:36] Yeah.
[18:37] But a big part for us is that is, okay, I want to travel the world for six months.
[18:43] I want to go to European summer.
[18:45] Well, I have my income income, but I can sell that asset and I can go live on a fucking boat on the French Riviera for six months if I want to.
[18:54] That's sort of a level of management.
[18:57] It's kind of like not managing the mow the lawns, fix the plum, whatever.
[19:00] It's like actually manage the investment portfolio because it's sizable enough to be like, right.
[19:05] Well, that one's yields no good or that's, you know, start to sort of manage the portfolio.
[19:11] That's a bit fun.
[19:12] That's fun.
[19:13] It's like, cool.
[19:13] Okay, well, let's sell that and buy that.
[19:16] And start to really play with it.
[19:17] That can be fun.
[19:19] And it doesn't take, I mean, you guys are sitting at four now.
[19:23] We can probably add a few more whenever we're ready as well.
[19:25] Yeah, we just got a phone call today from Ben.
[19:27] Ben said that we want me to maybe do a couple more.
[19:29] Yeah, I've always been so nervous.
[19:31] Yeah, and we'd like to.
[19:32] I like how you're aggressive.
[19:34] I was waiting for it.
[19:35] Well, we do.
[19:36] I think our long-term goal, though, as well, another thing to throw that in there is we want to be a property.
[19:41] This is not our forever home.
[19:43] We're not in our forever home.
[19:44] Okay.
[19:45] We had to crawl.
[19:46] And I think that's one thing that people don't understand now.
[19:49] People want...
[19:50] They're forever home.
[19:51] And I think for us, Paul and I, we actually went traveling for 18 months overseas.
[19:55] We traveled a lot and spent a lot of money overseas.
[19:58] When we were in our 20s, we had 120 grand between us and we went and blew it all and went overseas and traveled.
[20:04] And then we got back and we worked our guts off.
[20:07] and work seven days a week to get a deposit for a home um we because we knew that we didn't want to be back at home with the parents okay so we got back and then we had to call before we walked we had to get a tiny home we got a smaller house and then we went to this next one and it's not our forever home is it it's something that we've it's a stepping stone um it's still a great home it's a beautiful home but um it's not we want a bit of acreage i think for the kids don't we yeah
[20:33] So, and there's a two prong attack to that.
[20:35] There's, we sell and buy, because we've cleared the debt, so we just leverage the equity now to invest, right?
[20:42] So we either sell and buy and take on some debt, option one, option two,
[20:49] We sell and buy and we liquidate some investment to not have debt.
[20:55] Option three, we stay as we are right now.
[21:00] We build a bit more investment.
[21:03] We then, near future, very strategically plan based on your portfolio and what's happening at what dates in what markets.
[21:11] Strategically, a year, two, three, you go right.
[21:14] Ages, kids, stuff like that.
[21:17] Okay, let's aim in this year, roughly depending on market conditions, to sell these first two properties we bought plus our home.
[21:25] And that funds the dream home.
[21:27] Yeah.
[21:27] But also, we know we're going to lose those two investments.
[21:30] So let's add two more investments along the way now.
[21:33] so that we don't actually lose two.
[21:36] We'll put two ahead of schedule if that, you know.
[21:38] Are you quite strategic and go, right, we've got the four.
[21:41] Okay, we're probably gonna, I'm just making up numbers, we're gonna sell these two to get the dream home with no debt plus sell our home.
[21:47] Well, let's go to six, so that when we do have to sell two, we still retain four.
[21:52] And that, yeah, and that's exactly where we wanna be.
[21:55] We wanna, like,
[21:57] And we don't want everything right now, but we would love to eventually do that.
[22:01] But when we do make that purchase, we don't want it to have a negative effect on what we're doing with you guys.
[22:05] Yeah, yeah.
[22:06] So if we're not ready, we don't want it to... Because you've got a lot of trailers at our house at the moment.
[22:11] And I know that we did look at the whole Brett and Brooke thing to try to move out and get a factory.
[22:19] But I think Paul's got a lot of trailers that he's moving in and out a lot.
[22:23] Yeah.
[22:23] And that's really, really hard.
[22:25] But I think he didn't want the pressure of having a factory on his business right now.
[22:29] He's fairly new into his business.
[22:31] I think he felt that would be stressful.
[22:33] So we decided not to get the factory right now.
[22:36] Okay.
[22:37] Yeah.
[22:37] And that's something we can always look at further down the track.
[22:40] But that was a stress for him, I think.
[22:42] Okay.
[22:43] So we didn't do that.
[22:44] Okay.
[22:45] So that's our biggest, I think, concern, isn't it?
[22:47] Is having so much machinery around the house.
[22:50] What does the...
[22:53] Perfect picture.
[22:54] What does it look like in one year, three years, five years, ten years?
[23:00] Now that you think, shit, 37 and 40, home loan gone, four properties, not the home and a property, it's like home debt free, four investments.
[23:11] What do you think it looks like in, what do you want it to look like in 12 months or 12 hours?
[23:15] I don't know.
[23:16] 12 hours.
[23:17] Because we drew back on our mortgage, about 130,000 to pay for two investments.
[23:23] So we would like to, yeah, deposits.
[23:25] So we've already paid, we're up to 75 now.
[23:28] Paid off that.
[23:28] Paid off.
[23:30] We want to get that to zero before Christmas.
[23:32] Now, this is interesting because obviously most investors borrow the money, interest only, wait for the property to go up.
[23:40] You've paid your home off and now you continue what we do.
[23:42] You've put down deposit.
[23:43] You've also paid.
[23:44] So you've lost the tax deduction forever.
[23:46] But we don't really fucking care.
[23:48] Because you own that 75 grand of equity now.
[23:51] That's actually truly wealthy.
[23:54] Yeah.
[23:54] That's the difference.
[23:55] And so I try to explain to people, I own heaps of equity in my properties.
[23:59] I've got debt, but I own heaps because I pay the fuckers down.
[24:03] So while the average punter waits for it to go up, you're not the average punter, you're paying them down.
[24:08] Yeah.
[24:08] Because your home's gone.
[24:09] As soon as your home's gone, you go, I blow all the money, or I continue to create wealth.
[24:14] And that is easy to do, blow the money.
[24:16] Hell yeah.
[24:17] We noticed when we pay off our mortgage, we thought, oh, wow, we'll have heaps of money.
[24:21] But it's easy, you can just, yeah.
[24:23] So I think, yeah, definitely paying down this 75, isn't it, by Christmas.
[24:28] So we would have smashed the other half of it by Christmas.
[24:31] Well, we're already well on the way.
[24:32] Well, well on the way.
[24:33] We've just got to talk to Mark about drawing some money out of Paul's business.
[24:36] We haven't really taken much money out of the business.
[24:37] So you've been letting it build up?
[24:39] Yeah.
[24:39] Yes.
[24:40] So we need to get the right tax advice on whether it's fully frank dividends, increased salary, what that structure is.
[24:46] You want to be tax effective.
[24:48] But yeah, you've got to remember pay yourself first.
[24:51] It's a core principle, right?
[24:53] You have the business there to generate a lifestyle and income for your family.
[24:56] We're going to have some tax implications, but we want to get our hands on that money as quickly as possible and as tax effectively as possible to keep building for you guys.
[25:05] Yeah.
[25:06] Especially if you're sitting a decent amount of money in there.
[25:08] Yeah.
[25:09] You want to buy Mark a kebab this weekend?
[25:11] I've already messaged him.
[25:12] Yeah?
[25:13] I was messaging him last night.
[25:14] I bet he's wearing a tablecloth again.
[25:16] I give him so much shit at the moment if he's listening.
[25:19] I don't want to know what he's getting up to.
[25:20] Poor Mark.
[25:21] We had him at the masterclass the other weekend, and before we got on, I said to everyone, I guarantee my accountant, he's a good guy.
[25:27] He's funny.
[25:28] I love him to bits, right?
[25:29] He's not an accountant, but like normal standards.
[25:32] Yeah.
[25:32] So I guarantee he turns up in his best red or blue tablecloth.
[25:35] And then somebody goes, why don't we all put on flannos or like tablecloth shirts?
[25:40] About 350 people had on flannos and tablecloth looking for business.
[25:45] Did Mark have one on?
[25:46] The poor bastard turned up in a red looking tablecloth.
[25:50] I'm like, where's the, there it is.
[25:53] Gold.
[25:53] But have you get him a kebab and have a chat this weekend?
[25:57] I reckon, yeah.
[25:58] So that could be a really key step for you guys in the next steps of, okay, tax effective, chat to you.
[26:06] And this is important too for everyone at home.
[26:08] Make sure you've got a team of experts.
[26:10] Because if you don't have your accountant talking to your broker, talking to your property chick or do, you need those people to work together.
[26:17] 100%.
[26:18] And I know that's what we do really well, even with the external advisory firms.
[26:21] We've all got to come to, forget what we can earn, we have to come together on what you want and just make it work.
[26:26] Even if only one of the advisors get paid and the tax person does the work,
[26:30] It doesn't matter to us as long as you get the outcome.
[26:32] You get the outcome, you'll come back again.
[26:35] As opposed to eight people all wanting to earn their fucking $96 or some shit.
[26:40] It doesn't work that way.
[26:42] So, okay.
[26:44] So big picture then.
[26:46] Bigger property, lifestyle for yourself and the kids.
[26:49] Yeah.
[26:49] Okay.
[26:50] What else?
[26:51] You said retire, well not retire, but
[26:53] Maybe pull back on the tools and trades in years to come and be more maybe investment focused or entrepreneurial.
[27:00] Even if it's just something a little bit different.
[27:03] I'm laughing at him saying that Paul likes to invent things.
[27:07] Invent things.
[27:09] Like?
[27:10] This would be fucking great.
[27:12] Wait, is this PG-18 or 13?
[27:14] I just thought it was funny how he said that.
[27:17] No, I just...
[27:18] He just likes to...
[27:19] I have ideas.
[27:20] He has ideas.
[27:20] I do.
[27:21] Okay.
[27:21] And so I think he would like to... We've gone to America before with one of them.
[27:26] Okay.
[27:27] One of them at a show and didn't get the interest we were hoping, but...
[27:31] But he's got a good one and I think he would like to step back and maybe put some money into that.
[27:35] Don't say it on here.
[27:36] No, no.
[27:37] But if you've got a problem and you can solve a problem, it's weird, right?
[27:42] Like America, there's 85 million-odd mortgages there.
[27:46] We've got about 8 million mortgages in Australia.
[27:48] That's why I want to go fucking help people there.
[27:51] Not for money, not for just...
[27:53] They're getting fucked over there.
[27:54] The margins are wild, right?
[27:56] And they'll do 15 or 30-year fixed and pay minimum payments.
[28:00] They're brainwashed.
[28:01] So the first couple of presentations I did over there, people were like more inspired than they are in Australia.
[28:07] So it's such a big market.
[28:08] So if you have a problem, you develop a solution and you get it into the right market, Australia can be a bit small minded and game over.
[28:19] You solve something at scale.
[28:21] Yeah.
[28:22] There's nothing wrong with tinkering and venting.
[28:24] He's laughing entrepreneurial, were you?
[28:26] That's why I was laughing.
[28:27] That's what Paul always, that's his dreams too.
[28:29] Yeah, I love it.
[28:30] I'll never have time to do it, that's all.
[28:32] Okay.
[28:32] He does half of them and then hanging around the garage.
[28:36] Might be a, yeah, I've got one at the moment but...
[28:39] Okay, we'll talk about that off air.
[28:43] Yeah.
[28:44] Okay.
[28:46] So, want to be able to pull back on current careers maybe a bit earlier?
[28:50] Yeah.
[28:51] Even if it's like, say that my business is still going and I can afford to put someone on.
[28:58] Or manage it maybe, not be within it.
[29:00] And then step back a little bit and still have maybe a little bit of input in it, but maybe only a few days a week.
[29:05] So business owner, not operator.
[29:07] Exactly, yeah.
[29:07] Yeah, and that's everyone's dream, right?
[29:09] You start a business or own a business.
[29:11] You want to operate it, not be within it.
[29:13] Because otherwise we buy ourselves a job.
[29:14] Yeah, exactly.
[29:15] That's the tough one, right?
[29:17] That's what you, yeah.
[29:17] And then you're like, shit, not only did I buy myself a job, I ain't getting fucking holiday pay.
[29:21] I get no fucking sick pay.
[29:22] I'm still dealing with invoices and quotes and shit at 10 p.m.
[29:26] It's not as glossy as everyone makes it out to be.
[29:30] Yeah, definitely not.
[29:33] Okay.
[29:33] What tips could you give anyone at home from your journey so far of...
[29:37] how you were structured previously, the changes we've made, what we're doing today.
[29:42] What tips could you give someone at home that's listening?
[29:44] Young family, business owners, not paying tax, paying tax, hate tax.
[29:50] Yeah, pay tax.
[29:50] I think that was it.
[29:52] I tried to stay on GST for a bit.
[29:54] Okay.
[29:55] Not for long.
[29:56] Not for long, but just I did, when I got close to it, was scared to get to GST.
[30:00] What were you scared of?
[30:01] Oh, because I had to pay GST.
[30:02] Just paying more taxes.
[30:03] Which is stupid.
[30:04] Like I just thought it was that silly thing but, and with hairdressing it's hard to add your GST into it because you already got your pricing.
[30:11] But I just had to readjust my prices and yeah, and then I just had to do it and just, yeah, it's been.
[30:18] Did you lose any clients?
[30:19] No.
[30:19] Okay.
[30:21] No.
[30:21] Gained clients?
[30:22] Yeah.
[30:24] I was talking to someone about this earlier today.
[30:25] They're like, yeah, I was scared.
[30:26] Same thing.
[30:27] Casey and Lenny.
[30:28] Lenny was the same.
[30:29] And everyone I talked to, they're like, I thought I'd lose clients.
[30:31] I didn't want to deal with you.
[30:32] I had to pay all this.
[30:33] And I'm like, the net result for everyone is more clients.
[30:37] Someone said today, people actually treated me like a serious business.
[30:40] Because when I was plus GST on an invoice, they're like, oh, this is a proper business.
[30:44] It's not like Bob or Mary's business.
[30:46] grass or gardens or hair.
[30:48] It's a business.
[30:49] You also don't want those people that don't want to pay you.
[30:52] You don't want them to be coming to you because you're cheap.
[30:54] You want them to come to you because you're good.
[30:56] And I think I had to get my head around that.
[30:58] If I get less clients but I charge more, I'll still make the same amount.
[31:02] And you can deliver a better high quality of work because you've got more time and you charge efficiently for it for that time and effort to do an amazing job as opposed to a cheap job and just fucking cookie-cuttering all the way.
[31:16] Yeah, I had to get my head around that.
[31:17] Okay.
[31:18] How long did that take?
[31:19] Not long, because I think it was just...
[31:22] I listened to a few podcasts on hairdressers that were like, you know, you don't want that clientele that you just want to come to you because they're not coming to you for the right reasons.
[31:29] And they'll leave straight away too.
[31:30] Yeah, and they shop around.
[31:31] Yeah, so I had to get... And then I realised that tax isn't a bad thing.
[31:35] Like, listening to you, I think, speak about tax was very... Yeah, that helped us a lot.
[31:41] Because I think we were always like, oh, more tax, more tax.
[31:44] But it is true that it's...
[31:45] It's still, it's still shit.
[31:47] It's still painful.
[31:48] Oh, shit.
[31:48] It's a shit sandwich.
[31:50] Especially in Victoria.
[31:50] It's a bad kebab.
[31:52] I must have done a lot to be getting taxed at.
[31:54] So it's like.
[31:55] Yeah.
[31:55] Yeah.
[31:56] And then you look at the column maker, you're like, well, shit, if I paid all this tax, I've still got all this net money.
[32:02] Yeah.
[32:02] And then I can borrow money because I paid all this tax and I've got this cash flow on the books.
[32:06] Well, shit, I can get four properties, six properties, or I can add more vans to the job.
[32:13] Or I can, it gives you more opportunity.
[32:15] Yeah.
[32:15] Yeah.
[32:15] I don't know anyone that's, you know, unless you're bloody Google, Facebook, whatever, you know, gazillion dollar.
[32:21] I don't know anyone's paying zero tax that's successful.
[32:24] Yeah.
[32:24] Or truly wealthy until you get to Google, Facebook, whatever.
[32:28] You know, for someone that isn't a billionaire, tax is going to help you get there because it's going to give you the power to leverage, borrow.
[32:34] It's going to open doors.
[32:36] As opposed to going, oh yeah, I made $800 this week in the salon.
[32:41] I worked however many hours, but I spent $800 in product.
[32:46] That's not going to get you anywhere quick.
[32:50] What else would you tell people that are listening along?
[32:52] Tax is not the enemy.
[32:54] definitely not okay definitely it's almost a motivating factor for me now it sounds weird yeah but it's like if i get my bass and it's like more than like the last year's bass of the same time i'm like your business is growing yeah it's growing more money and i can come and see you again yeah you know what i mean it's all just little stepping stones yeah yeah so it's a bit of a sport for you guys now
[33:17] Oh, we're very competitive.
[33:19] Yeah, and we write a vision board every year at the start of the year of what we want.
[33:23] And it doesn't have to just be financial.
[33:25] It can be any goals, like just silly stuff as well.
[33:28] Life goals, yeah.
[33:29] Life goals.
[33:30] But we do that and we try to tick them off.
[33:32] And every year so far that we've been with you guys, we've ticked off 90% of our staff.
[33:37] Yeah, like just things.
[33:39] So are you thinking a bit bigger now?
[33:42] Oh, yeah, yeah.
[33:43] And is that because, like when you said before, obviously you've had some help, you did okay with the Perth property, made some money, but there wasn't like a plan or a strategy.
[33:52] It was almost transactional.
[33:53] I like to say we're transformation.
[33:55] So transact, cool, and just see what happens.
[33:59] Are you thinking bigger now that you've got some direction?
[34:01] Is that maybe the driving force?
[34:03] Like you can put it on your vision board because we've told you one and one will equal two.
[34:07] But two can turn into 12 if you do these things.
[34:10] That's what I'm hearing.
[34:12] Yeah, so the direction that you guys have given us is just like...
[34:18] It's pushing us to... No, I've had a blank.
[34:21] Have you?
[34:22] That's all right, I'll repeat it.
[34:23] I had an answer to that, yeah.
[34:25] So is it fair to say for you guys now that you've got a bit of direction?
[34:30] Like previously, obviously, you got some advice, you got another property there in Perth that did okay, but you didn't really know what to do with it or how to run it.
[34:37] Like it was kind of transactional and it just stops, right?
[34:40] Do you think it's having a plan now to go, well, one and one equals two?
[34:43] Oh, but I can get to 12 if I do this.
[34:45] Is it the plan that kind of is making – you're putting stuff on the vision board.
[34:49] Did you have the vision board before?
[34:52] No, we didn't really have a vision board.
[34:53] No, because it started in 2023.
[34:55] The moment we started with G, we put up a vision board and it's in our bathroom and we can see it all the time so we can read it and we, yeah.
[35:04] It's like a video game.
[35:05] You've got a clock.
[35:06] Yeah.
[35:07] You just tick them off as you go on.
[35:08] We tick them off as we go.
[35:09] And how many have you missed?
[35:11] No, we haven't missed any.
[35:12] We've actually, all little things.
[35:15] Like things are like fitness.
[35:17] We put fitness stuff on their goals.
[35:18] Sorry, tell me about it.
[35:20] You know, even like little things like spending more time with the kids or just little things.
[35:25] But I feel like being with Infinity has made us not just financially accountable.
[35:29] We've actually, we're better in our life, aren't we?
[35:32] We're trying to, yeah.
[35:34] Again, the tools that you guys are giving us and the direction you're taking us, it's making us strive for more.
[35:40] And yeah, the big picture for me now and for Jess is way different than it was a couple of years ago.
[35:47] So you're hungrier?
[35:48] Way hungrier.
[35:49] You're a bit more motivated.
[35:51] Yeah, I think even business-wise.
[35:53] Look, if we speak to Ben or Corey or anyone and they reach out and say, if you do this in the next six months, we can give you this for us.
[36:01] Boy, have I got a surprise for you this weekend.
[36:04] Oh, yeah, we're good for goals.
[36:07] If you tell me, I'll go home and work 24 hours a day.
[36:10] Like this is not financially, but fitness this year, we've done 180 weeks in a row of not having, we've done six days every day at 5am.
[36:19] And those things I think have come from the Infinity family.
[36:21] Like everyone's not supposed to each other.
[36:23] Did you guys start 75 hard?
[36:24] No, we haven't done that yet.
[36:25] Our life is 75 hard.
[36:26] We will, but we haven't done that yet.
[36:27] No.
[36:28] Okay, I'm on 60 strong at the moment.
[36:30] Are you?
[36:30] Yeah, because I'm back in America.
[36:32] Okay.
[36:32] And I came back from America and it was like 62 days.
[36:36] Yeah.
[36:36] I'm like, I've got two days to get over jet lag and 60 days before I travel again.
[36:41] Wow.
[36:41] So I stuff it.
[36:42] So 60 days, can you drink still or you can't drink?
[36:45] Okay.
[36:46] So it's just shorter.
[36:46] It's just 60 days.
[36:47] Yeah, and it's some different.
[36:48] So it's not the two workouts a day.
[36:51] Okay.
[36:51] So it's one 60-minute workout.
[36:53] Okay.
[36:54] And it's 10,000 steps a day.
[36:56] Okay.
[36:57] And that's excluding your sort of work and stuff.
[36:59] So for someone like me that's sedentary...
[37:01] I might do 800 to 2,000 steps a day, nothing.
[37:05] Wipe that.
[37:06] When I'm not at work, I've got to go and do 10,000 steps.
[37:09] Or I've got to go for a run or a walk or whatever.
[37:11] So you really, and if you just go for a walk, slow walk, it's going to take an hour and a half to probably get 10,000 steps.
[37:18] Plus six.
[37:18] So it's actually a pain in the ass.
[37:19] It's worse.
[37:21] It's shorter.
[37:22] Yeah.
[37:22] um but it's it's just as fucking hard are you doing that now yeah yeah so beck and i training every morning with our pt nick smashes us every morning with weights and then every night we're doing muay Thai and getting in 10 000 steps so i'm trying to lose working back on again like another eight 17 18 kilos like i'm going hard good on you so i'm exhausted but it's like but i need to do it and then the problem is maintaining it yeah
[37:46] So you look at your wheel of life.
[37:48] Yeah.
[37:48] For me, I nail everything.
[37:50] I'm super happy.
[37:51] I'm philanthropic.
[37:52] I'm wealthy.
[37:52] I'm there.
[37:53] Everything except health.
[37:54] And health is wealth.
[37:56] Well, it is.
[37:56] That's why I go to these spurts.
[37:57] But it's funny.
[37:57] I do these spurts.
[37:59] I motivate our entire fucking community.
[38:01] Yeah.
[38:01] I finish it and go, how good's that?
[38:02] Yeah.
[38:03] And then all I worry about is the business, the community, and it goes in the bin again.
[38:07] Yeah.
[38:08] Yeah, fitness is over there.
[38:09] And that's the hard ones when you go, Consistent.
[38:11] You go, the little things, you go, we didn't take, whether it's more time with the kids or health.
[38:16] You've got to decide what's the priorities because it's impossible to do everything perfectly, but you can do a heap of stuff really well.
[38:23] Yeah, yeah.
[38:24] So it's getting that balance.
[38:25] But that's good that you guys are, it sounds like you're more, well, not more, but,
[38:29] You're extremely well rounded in everything you're doing now.
[38:33] Yeah.
[38:33] Yeah.
[38:34] I've got to ask her, how do you go training with Beck?
[38:37] Not disease?
[38:37] Does she smash up?
[38:38] We're so competitive.
[38:40] I'll get some videos put up and I'll show you some videos.
[38:42] I laugh at your videos.
[38:44] It's very funny.
[38:45] Have you seen her finger up the butt in the gym?
[38:47] And the grunting in the grove.
[38:48] Oh, it's fucking... Because we do gym together every morning and I would love to get a camera in ours.
[38:54] It's quite funny.
[38:55] Honestly, just do it.
[38:58] Get one of those cheap tripods in the mall or whatever and just put it on somewhere in the corner because you forget it's there.
[39:03] And when you actually truly forget it's there, it becomes fucking hilarious.
[39:07] You're going to get a burp, a fart.
[39:09] You get all sorts of weird stuff in there.
[39:11] That's like Nick's like, you're back, there she is.
[39:14] And all of a sudden, Beck's like, you're not listening.
[39:16] And she walks along and...
[39:17] Oh fuck!
[39:18] Did she do PT?
[39:19] She was a PT, yeah.
[39:21] Yeah, she was a PT.
[39:22] I'll show you a photo when we get off.
[39:24] We might even put this photo up in the edit.
[39:26] I'll get Davis to put it in there.
[39:28] And it's a picture of me when Bec and I first met.
[39:30] She got me from 128, 138 kilos down to 88 kilos.
[39:33] Wow.
[39:35] Medium in a shirt, completely.
[39:37] Were you trying to win her over?
[39:38] Is that why?
[39:39] Yeah, so I kept asking her on a date and she kept looking down at my gunt.
[39:45] And just saying no.
[39:47] She actually didn't say anything, to be fair.
[39:48] There's another word for that, not your gun.
[39:50] Hey?
[39:50] It's a geeness.
[39:51] It's a geeness.
[39:52] Oh, it's a geeness.
[39:56] But I'll find this to change it.
[39:58] She got a heap of weight off me, and that was in her old... She had a personal training company with a mate of mine.
[40:03] They were in partnership, boot camp, you name it.
[40:06] And she used to call me PTG.
[40:07] I'll show you a picture here for a giggle.
[40:09] So this is...
[40:12] This is her squatting on me while I'm planking.
[40:16] Oh, wow.
[40:17] Oh, my God.
[40:18] So I was tiny and then... Was that though?
[40:21] Was that just like... Was that every day diet?
[40:24] So obviously the business had only just started in 2012.
[40:28] So it was like diet strict as, but five days a week strict as.
[40:34] Yep.
[40:35] Bit of an 80-20 rule.
[40:37] Every morning was boot camp from her business she had.
[40:39] So I used to help run it.
[40:40] She could be PTG.
[40:42] To think Graham thought he was going to be a PT or something.
[40:44] So I'd be there putting out the witch's hats and the things and doing all the exercise and trying to help with the club.
[40:49] Then we'd go to mixed martial arts every morning.
[40:52] So kickboxing, boxing, like hearts.
[40:56] I don't like walking and running.
[40:57] My brain races.
[40:59] But if you're going to punch me in the face...
[41:01] I'm going to keep moving and defend myself.
[41:03] And if you hit me, I'm going to hit your back, right?
[41:05] So that really works for me.
[41:07] But I'll show you some videos later.
[41:08] We'll put them on.
[41:09] Bec is violent.
[41:11] Is she?
[41:12] Violent.
[41:13] Well, see, I can't do boxing.
[41:14] Paul's a boxer.
[41:15] And I don't do it.
[41:16] I just don't even like holding the pads or...
[41:18] I don't know if she's violent or she just is violent because of me.
[41:21] And she's got a lot to let out.
[41:23] Frustrations.
[41:23] Yeah, it could be that.
[41:26] so yeah but um i don't know where he's got but yeah so that's you guys obviously are very well rounded so we're on that journey i'm on that journey again now but making sure it stays in place you've done like every day every day it's really important what um what are some of the things you think should be not negotiable financially for couples
[41:45] So you guys have said, what do you say, 180 days, you've trained every single day together.
[41:50] What do you think?
[41:50] So that's your health, right?
[41:51] And health is really wealth.
[41:53] What's some not negotiables do you think for couples that would help them win?
[41:56] Like you guys are such a strong team now, right?
[41:58] Like you get up and train together.
[42:00] You're spending time with the kid.
[42:02] you're doing this fucking dream family right because i see a lot of people 25 years of this industry i see a lot of families and i engage with them and i see people ipad for the kid here you go or go do this or i think a lot of people have not slipped but made parenting a bit like i'm exhausted whatever buy them shit they'll be happy
[42:24] You guys are doing a great job.
[42:25] So what do you think are some not negotiables for people that are financial things but will help with their family and relationships?
[42:33] Because I know, like, some people don't talk about money.
[42:36] Some people think money's taboo.
[42:37] They're not allowed to spend.
[42:39] I don't know.
[42:40] You have to... First, you have to be on the same page, don't you?
[42:44] Yeah.
[42:44] 100%.
[42:45] Yeah.
[42:45] if you don't have the same page.
[42:47] If you don't have the same page.
[42:48] I'm gonna be honest about your spending too.
[42:49] I know like there's lots of couples, being a heterosite, I hear a lot of stories and people that are like, oh, you know, that's my separate account and they hired money.
[42:56] I think you've got to be on the same.
[42:57] Yeah, married couples with separate accounts, what the fuck?
[43:00] is that about?
[43:01] Bro, you share bodily fluids and you don't share a fucking bank account?
[43:05] Yeah.
[43:06] I've never understood that.
[43:07] Yeah.
[43:08] Like, you know, if you're in a new relationship, you just met somebody, you know, cool, but once you're like, you move in together and you're living together and having kids and procreating and shit, it's like, yeah,
[43:17] You're worried about fucking a couple of hundred bucks.
[43:19] You should want to share your money, I think.
[43:21] Yeah, well, it's like getting in a boat together and you row forwards and I row backwards.
[43:26] Yeah, it is.
[43:26] You fucking go around in circles.
[43:29] Yeah, 100%.
[43:29] And together, you're always stronger, I think.
[43:31] Yeah.
[43:31] You're always stronger together.
[43:33] You've got to have a united front.
[43:34] Yeah, yeah.
[43:35] That's the old Clydesdale horse thing.
[43:37] I used to use it in the masterclass.
[43:39] One of them can pull however much, two of them.
[43:41] But if you put three or four together and they're trained, they can pull like 10 times as much.
[43:46] Yeah.
[43:46] Yep.
[43:46] as compared to what they should if it was one or two.
[43:49] It's pretty wild.
[43:50] So, okay.
[43:51] So, be on the same page.
[43:53] Tax is good, you said earlier before.
[43:55] Tax, GST, et cetera.
[43:56] Yep.
[43:56] Be on the same page.
[43:59] Don't waste money on the stupid shit you don't need.
[44:02] The things that you're going to buy for that instant moment of gratification, don't do it because it gives you nothing.
[44:08] Like our, well, maybe not your pants because you bought them.
[44:13] Our clothes.
[44:14] Except for this hour.
[44:15] Usually except for this hour, Ben.
[44:18] Our clothes are all old in general.
[44:20] No, not all old, but we don't spend money on crap.
[44:22] We don't.
[44:23] We don't tend to just buy stuff.
[44:25] You still look nice stuff, but you don't have 20 nice shirts, right?
[44:28] You might have a nice shirt when you go out or whatever.
[44:30] I think that's a massive thing too.
[44:32] People buy weirds, they waste money.
[44:34] The amount of duna covers people have.
[44:37] How many duna covers do you need?
[44:39] We stick to a rule that you just have two duna covers and you swap them over.
[44:41] Talk to me about the cushions on the pillows on the bed.
[44:43] I'm not like that though.
[44:44] I'm very...
[44:45] If I have to remove 63 pillows to get in my fucking bed for show to put them back the next morning.
[44:50] I hate that shit.
[44:51] But those things I think, we don't replace it unless it needs to be replaced.
[44:56] I think we're very much, because we would much prefer to go overseas.
[44:58] So my thing is, go on a holiday.
[45:01] So this is the problem, I think.
[45:03] So many Australian families, they don't click and collect or they don't meal prep.
[45:08] They buy their breakfast, lunch and dinner drive-thrus.
[45:11] We're so busy as opposed to taking their fucking meal and cooking once every couple of days.
[45:16] They'll be healthier too.
[45:17] But they burn 10, 20, 30 grand here on shit.
[45:20] yeah but then i see statements for years i don't know what's so exciting about tarjay and kamar like came up like people going and buy fucking three new tops every second day it's like payday mum bought two new tops the kids got new the and it's like and you're here on the master class and i lose my shit they're like oh how do you fit clothes into your fff and i'm like
[45:42] what fucking person buys clothes every single week?
[45:45] Nobody.
[45:45] I don't.
[45:46] I could afford to buy a fucking shop.
[45:47] But people do.
[45:49] I went shopping the other day and I was in there.
[45:51] I was like amazed at how many people will spend money.
[45:53] And I think it's that everyone says, oh, we can't do it.
[45:55] And it's like, yeah, because it's hard.
[45:57] You just have to say no to something.
[45:59] Correct.
[45:59] But in the long term, you'll get the benefits.
[46:02] So I think you've just got to say no now.
[46:04] And I think we've even said to a few of our friends, like, get on board, because in five years' time, if you don't do anything, you're going to be in the same position you are now in five years, and you could have made a huge difference.
[46:12] It's going to be worse.
[46:13] Like, yeah, we're two and a half years in.
[46:14] Well, the government's being on about taxing bedrooms and capital gains and all this.
[46:19] They're also trying to introduce this legislation over here to get the super funds and the international corporates to buy all our property.
[46:27] So they're giving tax incentives for these build to rents.
[46:29] But they're like, oh, yeah, that whole tower is for the International ABC fucking firefighter fund.
[46:36] Well, that's A&P Super.
[46:38] So your kids won't be bidding against my kids to buy a house.
[46:41] They'll be bidding against BlackRock or a super fund.
[46:47] That's fucking scary.
[46:49] So for your friends, it's not that they won't be in a better position.
[46:53] They'll be so fucking far behind in five years' time when they go, oh, it hurts.
[46:58] So this is the thing.
[46:59] Until it hurts, most people don't want the pain to go away.
[47:04] When you get enough pain, it's like, fuck, find me a Band-Aid, find me a solution or a painkiller.
[47:09] Then the headache goes away and they're like, oh, the painkiller, and they forget they needed the painkiller.
[47:13] yeah because you walk through the shops tap tap it's fucking wild yeah and I think that's that easy it's a tapping isn't it we don't have cash anymore so we don't realise how much we're tapping every little seven buck coffee and all that it just adds up it all adds up yeah like even new TVs and shit like that that everyone gets these days like our TVs one of our TVs pisses us off every day and it's been like that for like four years but you can still watch TV on and it just takes ages to load yeah
[47:42] But it's like everyone always goes out with phones and all the newest ones out.
[47:45] And we're only 55 inches, I think, and it's like these days that's small.
[47:48] It's like, oh, well.
[47:49] We don't watch that much TV and we're like, size doesn't matter.
[47:54] Yeah, I think it's about those things.
[47:56] And I think, yeah, we just don't go crazy buying new stuff.
[47:59] I don't know.
[48:00] It's a rather holiday.
[48:03] Well, let's go back to the big goals for a second for everyone.
[48:08] 37.40, home paid off, four properties.
[48:14] What age would you like to retire at?
[48:17] When I say retire, not have to get out of bed at 4 or 5am, whatever time you get up, gym, and then you're on the road or going aside or you're booking clients in.
[48:25] When I say retire, I mean, for right now, for me, I can wake up tomorrow and I don't have to come to work.
[48:31] I could cancel my entire diary and wouldn't give a shit.
[48:35] Sorry, no meetings today.
[48:36] So what I'm getting at when I say retire, I mean choice.
[48:40] I want to rephrase for people because a lot of people struggling think that it means when you finally make a bit of money, you blow it all because your house is paid off.
[48:47] You spend it all on shit and you don't have to work anymore.
[48:50] No, it's the choice word, right?
[48:52] So for me, every day I wake up now, I'm in the position to go, I can stop work tomorrow and I'm good for the next couple of generations of our family.
[48:59] Yep.
[48:59] So where do you, what age do you think you guys want to be in that point where you go, you know what, we only work because we want to or we're business owners or investors or whatever.
[49:09] What would you like that to look like?
[49:10] Is it 59, 64, 50, 48?
[49:13] You said 50, didn't you?
[49:16] Well, when you turned 50, so I thought you were 52.
[49:19] We could do three.
[49:20] You're three, you thought.
[49:22] Two, two and a bit.
[49:23] No, I'm sorry.
[49:26] Please.
[49:27] Nah, so I'll be 53 and she'll be 51.
[49:31] Okay.
[49:33] But again, I don't know if that's realistic or is that stupid?
[49:37] I don't know.
[49:38] No, it's realistic.
[49:40] If we were to get a little bit larger in your portfolio size now, based on how sadly, how fucked up, how tight supply is and how bad our housing crisis is,
[49:53] everyone needs a roof over their head interest rates coming down we've got this government coming out saying hey five percent first time buyers will guarantee anyone now any income they've just put some caps actually on the property values but they've increased them so anyone that's got five percent now can buy a home
[50:10] First home buyer.
[50:11] What does that do to property values?
[50:14] They come up from the bottom through the middle, right?
[50:16] And I keep saying this every time I talk to someone, but that's going to move the market again.
[50:20] If you look at COVID, right, and we had the home buyer scheme and the incentives and the build boost, they were trying to stimulate the economy to keep everyone working, trades, this, that.
[50:29] And then there was a profitless boom for most builders because they couldn't keep up and labour got wild in costs.
[50:37] We're going to have a similar thing now.
[50:38] That's going to move values because more people can afford to buy.
[50:42] More people are competing to buy.
[50:43] They're emotionally attached.
[50:44] They spend more.
[50:46] Rates go down.
[50:46] They spend a little bit more.
[50:48] So we're in a really, really scary, concerning time in the market.
[50:53] We're also going to be competing, and we already are.
[50:55] People don't realise.
[50:56] Half of these buildings coming up now, these towers and that, they're all big organisations.
[51:01] They're all big global corporates.
[51:03] Yeah.
[51:05] As in resi buildings?
[51:06] Yeah.
[51:06] Yeah, you see these big high-rise apartments and they're called BTR, Build to Rent.
[51:11] And it's like multifamily housing in America.
[51:15] But you've got your Black Rocks and your pension funds and super funds.
[51:18] They're doing entire, getting these big tax concessions from our government to put homes into the market.
[51:25] But those homes will never be sold to mums and dads and families.
[51:28] Wow.
[51:29] They will always stay as one big title, as one big building.
[51:33] And BlackRock might sell it to JP Morgan.
[51:37] JP Morgan might sell it to ABC Superfund.
[51:42] So it's going to get tougher and tougher.
[51:45] Why are they doing that?
[51:47] Is that to bridge the shortage or is it just for greed?
[51:50] You tell me.
[51:52] I mean, the government needs stamp duty is a significant amount of money into coffers, right?
[51:59] They need people to be buying, they need people to be constructing.
[52:02] Construction costs are through the roof.
[52:04] It's not really feasible for developers and builders to build things and sell for a profit because of materials and labor now.
[52:10] A lot of the time it doesn't work.
[52:12] So if it doesn't work for someone to build it and sell it for a profit, well then the next best option to keep people building and buying and stimulating construction home would be for someone to build it not for profit, not build to sell for profit, but build to rent for long term profit.
[52:28] So if we give them tax concessions as a country and they can build and get subsidies and concessions, then they can make it more feasible to build at cost.
[52:38] They wait 10 years.
[52:39] The rental yield's really good in Australia.
[52:41] Now they've got an entire building that yields 7% or 8% and they just sell the whole fucking building.
[52:47] That's pretty scary.
[52:49] I put it in our school group the other day in the Facebook group and Simone put it in one of our clients.
[52:54] It's like, hey, look at this fucking legislation they're trying to pass.
[52:57] So scary.
[52:59] So they're encouraging it.
[53:01] So I'd say that we're going to probably see in Australia, sadly, one of the biggest wealth gaps anywhere in the world.
[53:09] And we're one of the wealthiest nations due to property ownership already.
[53:13] We're going to see a wild wealth gap of the haves and the have-nots purely due to housing.
[53:19] Because if you're just working on your 60, 80, 100 grand a year income, you pay tax and you've got to live, pay rent, expenses, what are you going to go and invest your $8,000 residual cash flow a year in?
[53:32] Versus the person that has a property already and has a little unit that's growing at 6% or 7% that's worth a million bucks now or 800 grand.
[53:40] They might only have eight grand a year cash flow, but they're making 60, 70 grand a year in capital growth on their little unit.
[53:47] They can then borrow against that at a low rate.
[53:51] Everything in life really stems from that asset that you can use to leverage.
[53:55] Borrow for your business, borrow for your kids.
[54:00] It's been a long time since I'm too stressed about anything.
[54:02] I'm stressed about the generation to come.
[54:05] I'm pretty flamboyant.
[54:06] I'm pretty air.
[54:07] But right now, I see a massive crisis coming.
[54:10] But that just makes you want to strive even more for your kids, doesn't it?
[54:14] Well, that's the thing I'm saying to people.
[54:16] And I said this coming out of COVID.
[54:18] Usually we see market grow, dip a bit, nothing happens for 10 years, say.
[54:24] Yeah.
[54:24] We had a market grow, then we had COVID correct, and then it grew again, right?
[54:29] Just before COVID had settled.
[54:31] So we actually had a whole cycle fabricated because of COVID.
[54:35] Everyone's home, like it all changed.
[54:38] People come back from overseas, expats.
[54:40] So instead of waiting 10 years, we've had two cycles happen really closely together.
[54:45] And now that's continuing and we're still in one.
[54:48] and rates going down and home buying, and all these things the government's going to continue to drive our house of cards, I don't know.
[54:55] But you've got to remember now, the governments are saying, we'll guarantee your home, don't need mortgage insurance, just need 5% or 2% for a single parent.
[55:04] By the way, I tell you what, we'll own it with you.
[55:07] So think about this for a second.
[55:09] If all of the state governments are going, you know what, we want you to have a home so much, guys, we'll own 20%, 30% of it, we can't afford to build them.
[55:18] If the governments are all gonna own 20 or 30% of everyone's home with them, to help them own a home, will the government ever let the Australian housing market collapse?
[55:29] No, that's good news for us, I guess.
[55:33] But they're bringing the big corporates in just as much.
[55:35] So it's like, hey, look over there.
[55:37] We did everything we could to help you buy
[55:40] Right?
[55:41] Well, we pumped you all over here and hey, you had every chance, you only needed 5%.
[55:46] We said we'd chip in 20 to 18% with you, 20%.
[55:49] We gave you all these things for years and you did nothing.
[55:52] Oh, well, now all the banks and the corporates own all the property.
[55:55] Wow.
[55:56] No one would know that.
[55:58] It's in our private Facebook groups in school.
[56:01] It's a big look over here.
[56:04] No tinfoil.
[56:05] When you think about it, it's getting bad.
[56:08] It's going to get worse.
[56:10] So for you guys, I would say those goals, the ages, all those sorts of stuff, it's not just for you, it's for the kids as well.
[56:17] Because if we don't provide them with a leg up, it's going to become near impossible.
[56:22] And that's what we do it for our kids, don't we?
[56:23] Our kids are everything to us.
[56:25] We want to see them.
[56:25] We want to set them up too, which we didn't mention, but obviously we want to be able to leave them.
[56:31] We want to set them up.
[56:32] But we want them to also know the value of money.
[56:34] We don't want them to just think that... Oh, yes, please.
[56:35] Yeah, we do.
[56:37] And we are very much like that.
[56:38] Our kids know they don't get everything.
[56:40] But, yeah, then it's a fine line between... We want to give them stuff later on, but we don't want them to know that yet.
[56:46] They can... Yeah.
[56:48] Yeah, they've got to learn the value of a dollar.
[56:50] Yeah.
[56:51] Otherwise, whatever you leave for them legacy-wise, they'll destroy or ruin.
[56:54] They won't value it.
[56:55] It's hard for them now though because like their canteen is all on an app.
[56:59] So I pay for it all.
[57:00] They don't get to go to school with no money.
[57:02] They don't see it.
[57:02] They don't see it.
[57:03] It's just like mum and dad have got this, like I don't know how much money they give.
[57:06] I remember Alex and Mary Siderato saying eventually we gave them $5 each and sent them into the shops.
[57:12] And they came out and didn't get anything because they realised that five bucks wasn't even the bag of lollies.
[57:17] They were used to getting six things of lollies.
[57:19] Because we send them in with the credit cards and they can get whatever they want.
[57:23] Well, the canteens on an app.
[57:24] How are they going to learn about banking?
[57:27] Money's become this figurative noughts and ones on a screen that you go to work, it hits an account somewhere digitally and it all taps out.
[57:34] It's like one of the most important things you can learn in life as well, how to handle your finances.
[57:38] It's ridiculous.
[57:39] Yeah.
[57:41] we'll watch this space we're definitely going to do a part two to this but so what was the ages when do we say we want to have the choice 50 50 and 53 yeah and how old are we today 41 41 41 and 38 41 and 38 okay 50 53 okay we've got fucking heaps of time
[57:59] Yeah.
[57:59] Heaps of time.
[58:00] You would have thought no, but now that we've already done what we thought we were coming to Infinity for, we're like, yeah, we were like, oh, we'll go there and that's what we'll do by 15 hours.
[58:08] Put it this way.
[58:09] We could take the current four and turn it into six this weekend and by December I reckon we can turn it into eight.
[58:17] Oh, God.
[58:18] What?
[58:19] Just putting it out there.
[58:20] I've got a few things, a few irons in the fire.
[58:22] Holy shit.
[58:23] Okay.
[58:24] Cool.
[58:25] I love it.
[58:26] Yeah.
[58:26] That'll fuck with your head all weekend.
[58:28] Yeah.
[58:28] I'll just sit down with the team.
[58:30] Well, Paul's also hoping to grow his business.
[58:32] That could be a good thing too, which...
[58:34] And then maybe there is some benefit to going through the stress and the bullshit and the extra hours of growing the business to make sure we get through those transactions.
[58:43] But then we liquidate the two to get into the home or the three or whichever ones work.
[58:50] And then we're shuffling the deck chairs.
[58:54] We're going to get rid of A and B to get into the dream home.
[58:57] Now we're in the dream home.
[58:58] We're like, let's sell C. And that funds a six-month trip around the world with the kids before they get too old.
[59:06] Let's sell D. There's your answer.
[59:09] And this is where you start.
[59:10] Like, it's a different game.
[59:12] Do you know what I mean?
[59:13] You're not trading time for dollars.
[59:15] Like, if I want to go buy a supercar tomorrow, I'm going to sell a house.
[59:19] Cool.
[59:20] Someone else can go live in the house.
[59:21] Yeah.
[59:22] I've done my thing, put a roof over a family's head, someone else can own it, they can buy it.
[59:26] Yeah.
[59:26] But it's a different... You can't save your net income after tax like the market growing stocks.
[59:33] No.
[59:33] Whether it's shit coin, whether it's real estate, whatever.
[59:36] I just like bricks and mortar because it's insured and I understand it.
[59:40] Yeah.
[59:40] Yeah.
[59:42] Do you still have a bigger income from your property side as opposed to infinity?
[59:48] If I look at my equity position, yeah, absolutely.
[59:52] So my equity from our portfolio, I think the last rem now on the slides, I think I show about $125, $150, $100 something million of property in the last five years.
[1:00:04] And I showed the addresses.
[1:00:04] And eventually you can start using.
[1:00:06] You guys see them, right?
[1:00:07] But if you look at that and go, okay, if Graves portfolio grows 10% and there's $150 million of real estate.
[1:00:14] That's a lot.
[1:00:15] Yeah, it's a lot.
[1:00:16] That's pretty good.
[1:00:17] And you can start using that, can't you, as an income.
[1:00:20] You can start using.
[1:00:20] Well, as I'm selling.
[1:00:21] So for me, I'm using particular lenders that consider me a sophisticated investor.
[1:00:26] Graeme's a professional investor.
[1:00:28] He sells X amount of properties every year.
[1:00:30] They're in his tax return.
[1:00:31] He also has this portfolio of assets that we know he can sell and what they're worth.
[1:00:37] So they treat that as an income for me.
[1:00:39] But I'm getting half of it tax-free.
[1:00:41] Someone's pissed off at the CGT discount, but I'm getting half of it tax-free.
[1:00:45] So for me, that's whatever I want it to be.
[1:00:49] So that's an income.
[1:00:51] That's a job now.
[1:00:52] Yeah.
[1:00:53] But it's fun.
[1:00:55] Yeah, it would be.
[1:00:56] Yeah.
[1:00:57] Some people get upset by it.
[1:00:58] But, I mean, fuck, I don't have a life.
[1:01:01] This is...
[1:01:01] I love it.
[1:01:02] Everyone that knows me knows it.
[1:01:04] Yeah, and you're self-made too, so it's not... Yeah.
[1:01:07] I'm putting mum in houses and stepdad and aunties and uncles.
[1:01:11] Yeah.
[1:01:11] And most of the stuff you see me buying now is for family.
[1:01:14] Yeah.
[1:01:14] It's not for Beck and I.
[1:01:15] How cool is that to be in that position?
[1:01:16] Yeah.
[1:01:17] To get someone a car and to get a niece and nephew.
[1:01:19] And one of Beck's best friends the other day, she helped them get into their house.
[1:01:22] Their loan got approved yesterday.
[1:01:24] Yeah.
[1:01:25] It's fucking awesome.
[1:01:25] That'd be a good feeling.
[1:01:26] People that are the most beautiful human beings on the planet that would never have owned a home if we didn't get involved.
[1:01:33] Yeah, so good.
[1:01:34] But I'm creepy.
[1:01:35] I think, who's going to come to my funeral?
[1:01:37] I always think about legacy.
[1:01:39] Heaps of people hate me, but heaps of people love me.
[1:01:42] We don't hate you.
[1:01:44] It's all right.
[1:01:46] Hey, on that theme, before we wrap up, we're going to do another episode.
[1:01:49] What questions do you have for me, maybe?
[1:01:52] I'm going to pick my brain on anything weird or wonderful.
[1:01:57] I have one about the children.
[1:01:58] Like when you have kids yourself, what age do you think that you're going to show them how to save or the value of money?
[1:02:05] Straight away, you know what you do?
[1:02:07] Yeah.
[1:02:07] Take some of their dessert or their lollies and that teaches them tax instantly.
[1:02:12] I'd eat it in front of you.
[1:02:13] No, can I tell you a true story?
[1:02:15] I've been raised by a single mother and that mum, at a young age, say they give me a bag of lollies or chips or whatever it was, she'd give it to me and it was just me in front of me and I'd pop it up and she'd let me go through the whole thing.
[1:02:28] And say, let's use an example of snakes, a bag of snakes, right?
[1:02:31] A little bag.
[1:02:32] She let me go through the whole thing down to the last one
[1:02:35] and then take it off me and say, Graham, this is for mummy.
[1:02:39] And I'd be like, you always want the last one, right?
[1:02:42] She's like, no, you didn't offer to share any of those.
[1:02:47] She'd always take the last one off me as I'd hoover through it, take it off me.
[1:02:52] The last one is the best one.
[1:02:53] You saved it.
[1:02:54] Do you know what I mean?
[1:02:55] It's the best colour.
[1:02:56] yeah it's the red one like so little but little things like that um daniel and sarah tibbitt's on a podcast they talked about a token system with their kids which is super cool um i'm gonna be one of those weird people in homeschool 100 wow so i'll hire a teacher we've got the financial capacity yep i'll hire someone and i'm going to teach them business and life and
[1:03:20] and all sorts of things that are actually relevant at a super young age, I'll still make sure they get whatever skills, certificates, accreditations, like full, like, hey, you've got the school certificate, you've got your tertiary degree, but I'm not going to do it in the system.
[1:03:35] Yeah.
[1:03:36] Now, to make sure they're not weird homeschool kids, they'll be doing a shitload of sport.
[1:03:42] Yeah.
[1:03:43] Because sport is where they get that.
[1:03:45] Because think of school.
[1:03:47] Hey...
[1:03:48] Don't collaborate.
[1:03:50] That's called cheating.
[1:03:51] Memorise the answers in a textbook.
[1:03:53] That just means you've got a good memory or not.
[1:03:55] That's all it means, right?
[1:03:57] It doesn't show you can apply it.
[1:03:58] It's all right.
[1:03:59] Well, now you've got AI too.
[1:04:00] Yeah, right?
[1:04:00] I mean, Star Wars is a fucking theme in the high school certificate now or some shit, right?
[1:04:05] Oh, God.
[1:04:05] But...
[1:04:06] But school's broken because as soon as we get into work, what do we do?
[1:04:11] Collaborate, solve, share, work together.
[1:04:15] But at school, that's called cheating.
[1:04:17] So we're going to send our kids to something for 10, 12, however many, and then they get into the real world and they've got to do the opposite, which is being told that's cheating their whole life.
[1:04:28] That doesn't make sense to me.
[1:04:29] No.
[1:04:29] Yeah, you're right.
[1:04:31] Michael's overseas at the moment our business partner and these kids are in private school when they told them what they actually need to do with their nanny and teacher because they're traveling for three months before the kids get too old and I think they said something like you had to read a book in high school and do like two hours a day.
[1:04:48] I said what's the other six to eight hours of a school day?
[1:04:52] I didn't get into it with them, but I'm assuming it's basically childcare.
[1:04:55] They're just fluffing the day out with lunch and recess and this.
[1:04:57] That's what your mate does it.
[1:04:59] He said it's two hours, two hours of maths and English.
[1:05:02] And that's it.
[1:05:03] The rest is art and sport.
[1:05:05] You can't retain six to eight hours of information in a day, five days a week.
[1:05:11] You're going to get a little bit of each day if you enjoy it.
[1:05:14] So for us, a couple of hours, absolutely.
[1:05:18] Hire someone to do it.
[1:05:20] Make sure they're learning relevant shit.
[1:05:22] Yeah.
[1:05:23] But a lot of it will be financial related.
[1:05:25] Yeah.
[1:05:26] Business related.
[1:05:27] Life skills related.
[1:05:28] Yeah.
[1:05:29] And sport.
[1:05:30] I don't know, I mean you do, but hopefully sport will get me out of trouble.
[1:05:34] I had a pretty wide upbringing.
[1:05:36] Soccer?
[1:05:37] Yeah.
[1:05:38] If I didn't go into soccer at nine years old, thanks to Pop, and have adopted parents and family around me that helped get me to and from soccer and, you know, better to do families that were more affluent in that, I would be in jail.
[1:05:50] A lot of mates in jail died in car wrecking, all sorts of things growing up.
[1:05:54] I'd be in a very different situation.
[1:05:57] Yeah, there you go.
[1:05:58] So the old housing commission estates can get a bit wild.
[1:06:01] I can imagine.
[1:06:02] Yeah, very wild.
[1:06:04] So before we wrap up, guys, any other questions for me and pick my brain on anything?
[1:06:09] So what's something money gave you that you didn't expect?
[1:06:12] And what's something it took away that you didn't see coming?
[1:06:16] Oh, that's really good.
[1:06:17] So if I start at the beginning saying what's something money gave me that I didn't expect?
[1:06:21] Yep.
[1:06:22] The ability to give unconditionally.
[1:06:26] at fucking scale.
[1:06:29] So I mean like last year we raised 250 grand for the Kmart Salvos thing and I bought presents in the Christmas party this year.
[1:06:36] We're going to do 500 grand.
[1:06:37] We're just about to release the link for the Kmart Salvos again.
[1:06:40] And it's because I fucked up and that's where I got presents.
[1:06:44] So, um, money gave me the ability to, I guess for me, I feel like make a difference, like an impact in one, two, not just one, like multiple people's lives, family, friends, like get them homes, get them cars, like the DV stuff we donate to, like, well, like money gave me the ability to do something.
[1:07:05] I always think about...
[1:07:07] Who did I need growing up that wasn't there, if that makes sense, without getting emotional?
[1:07:12] Money's given me the ability to, in some cases anonymously, in some cases not anonymously, be able to a little bit be the person I needed maybe for other people.
[1:07:24] So that's something it's given me.
[1:07:25] What was the back end of that boat?
[1:07:29] And what's something it took away that you didn't expect?
[1:07:32] It's taken...
[1:07:32] It's funny.
[1:07:33] This is really funny.
[1:07:34] It's taken away my health.
[1:07:37] So I've put a big focus on it over the last year or so in spurts.
[1:07:42] But once sometimes it's easy to get like I haven't sold our company out and become one of these people that's, hey, I've sold for a billion dollars and now I'm the guy in America, I'm an anti-aging expert and I don't have it.
[1:07:55] My full time job is to reverse aging, you know, the guy in America, Brian Johnson, whatever.
[1:08:00] I haven't done that.
[1:08:01] I'm still heavily involved in all of our business interests.
[1:08:04] So something that I didn't realise would disappear is it's taken health and I have to make a very conscious effort in doing stuff across multiple countries, different business interests, family, friends, trying to find time, give back.
[1:08:20] The one thing that tends to suffer that took away is health because I'll cancel gym or training to do something business or charitable or help family or friends.
[1:08:30] So that's the thing when you have to travel a lot, you'll suffer when you're then getting to meetings or doing... And again, that's personal choice.
[1:08:38] I know plenty of wealthy people that have amazing health because they prioritise it.
[1:08:43] But to be honest, it's the one surprise, you know, playing indoor soccer for Australia, Australian schoolboys, touring Europe, Brazil, all these players, to then go from being and always getting an award each year to be the fittest person in the team and the club...
[1:08:55] to then now having the ticker for it mentally, but my body's shot to shit.
[1:08:59] You know, my knees go constantly from playing too much indoor soccer on hard floors, lower, you know, all sorts of things, old injuries.
[1:09:07] That's probably the surprising thing that not making time for my own self
[1:09:13] But that's a choice.
[1:09:14] I actively know that's a choice.
[1:09:16] So yeah, surprisingly, I took away health.
[1:09:20] And that's why I have such use in my home gym now.
[1:09:22] And I've just ordered a hyperbaric chamber.
[1:09:25] We've got an ice bath.
[1:09:26] We've got the sauna.
[1:09:26] We've got all the gear and no idea.
[1:09:29] But I've made myself a promise because I said to Becca, I don't want to have children until I sort my health out.
[1:09:35] You can't buy your health, can you?
[1:09:36] No, you can't.
[1:09:37] It doesn't matter how to me.
[1:09:38] I can't just go, okay, I'm in a healthy BMI and my blood's good.
[1:09:41] You can't, yeah.
[1:09:41] So I've, again, just going through a whole other batch of all the testing in the world.
[1:09:45] Yeah, yeah.
[1:09:46] And found out the day that I probably shouldn't eat bread.
[1:09:48] Wow.
[1:09:48] Oh, and gluten.
[1:09:49] Yeah, gluten and celia, all these weird... Paul just did that one and...
[1:09:53] All these weird things, I'm like, how dare you fucking try to take bread for me.
[1:09:56] I'm going to hang on to this forever.
[1:09:57] You can't live without bread.
[1:09:59] No, I just have the eggs on the fucking plate.
[1:10:01] Oh, nah, yuck.
[1:10:02] You know what I mean?
[1:10:02] So all this weird shit.
[1:10:04] And it's a big thing now because obviously science is so much better.
[1:10:08] So I'm going, okay, well, I have to be a bit smarter.
[1:10:09] And again, I've got the financial capacity to do it.
[1:10:13] So you can't buy back time.
[1:10:15] But hopefully I can get enough information to reverse some damage I've done to myself while I've prioritised other people.
[1:10:23] The short answer for me and everyone who knows me knows is I haven't prioritised money.
[1:10:27] I've prioritised community.
[1:10:29] What we've got to do is look at our community days that no one in the country does or any business does.
[1:10:34] If you look at what we do for our community and in it, I've prioritised that business community brand.
[1:10:41] It's our baby, so to speak, as opposed to sell it and cash out.
[1:10:45] And I've made those decisions, but hopefully...
[1:10:48] then as I sort of digress, but step a bit sideways and let other team go, right, I've got to do this.
[1:10:54] No, I can't do the meeting, sorry guys, I'm at PT or I'm at kickboxing or whatever.
[1:10:59] And it's just slowly becoming more acceptable.
[1:11:01] People know they can't double book me there because I'm going to the gym.
[1:11:04] And is that another reason why, apart from kids, but is that another reason why you are stepping a little bit back to improve your health?
[1:11:11] Totally, yeah.
[1:11:12] We sort of, as far as when we were planning children, it was probably going to be this year, next year.
[1:11:17] But I'm not going to do that until I can do an entire at least 12 months of looking after myself.
[1:11:23] Well, I'm not then going to go and try to have a child if I'm obese, if I've got a blood, if any of those sorts of things.
[1:11:29] I don't think that's fair.
[1:11:30] People go, I just had a kid.
[1:11:31] Oh, we've got a problem with this.
[1:11:33] And it's not saying the world's perfect, but I'm a pretty out there, but Beck and I'm pretty structured human beings for that sort of shit.
[1:11:41] So I've got a big focus on that now.
[1:11:42] So I've cancelled heaps of meetings in my diary every day.
[1:11:46] PT in the morning kickboxing at night if it's not kickboxing for any reason let's at least make sure I've moved 10,000 steps because I sit all day and we've got 24 hours so it's two hours of the day that you need correct and you just need to say no and that's it correct but previously I've put everyone before me yeah but that's a conscious decision yeah it's like on all the stuff we do on social the only thing people say you might have money but your photos fuck or this or that or whatever and my response is just fucking block whatever
[1:12:15] I can lose 20 kilos in a couple of months, but you can't get wealthy in a couple of months.
[1:12:19] Jealousy.
[1:12:19] But healthy is everything.
[1:12:20] Healthy is, yeah.
[1:12:21] I acknowledge that more and more as a minimum.
[1:12:23] 42.
[1:12:23] Yeah.
[1:12:24] Yeah, exactly.
[1:12:25] I've experienced a lot of shit in 42 years.
[1:12:28] Yeah.
[1:12:29] So I've still got time.
[1:12:30] You have got time, yeah.
[1:12:31] But not much.
[1:12:32] I've got to sort my shit.
[1:12:34] Good question.
[1:12:34] Yeah, so it's funny.
[1:12:36] I think that, and it's probably not money that took it.
[1:12:39] It's drive and ambition and stuff.
[1:12:41] But I'd say it's related to money because as I built something that was financially beneficial, I got obsessed and addicted and attached to what I was building.
[1:12:50] Yeah, for sure.
[1:12:51] The money was the byproduct, but I got attached to everything associated with it.
[1:12:56] but yeah it's surprisingly given me other cool shit to give back someone like Oscar so be someone someone to look up no one looks up to their parents like that Oscar looks up to me I assume from everything we talk about so to be like I needed a me
[1:13:12] right for when i was oscar's age that sort of shit that's the stuff that's comes like shit people look up to this is great yeah so that's the cool stuff it brings yeah yeah yeah is there any more questions in there i've got one more these are good these are really good we had a funny one but i don't know yeah we're from here um
[1:13:43] If you weren't doing what you're doing, what would you choose to do?
[1:13:48] Like if it had nothing to do with finance?
[1:13:50] Is there anything else that interest G?
[1:13:54] Yeah, when I was finishing school because of soccer, I thought I was gonna be a physiotherapist.
[1:13:59] Oh wow.
[1:14:00] Yeah, so I was right into that and like movement and health and stuff because I was super fit when I was younger.
[1:14:06] So like I have a keen interest in that and still enjoy when I do train and I'm in that mindset and stuff.
[1:14:11] I don't know.
[1:14:13] My only true passion is cars.
[1:14:16] Oh wow.
[1:14:17] I love cars.
[1:14:19] I have always loved fast cars.
[1:14:21] That's another thing I want to a toy soon.
[1:14:23] Hey?
[1:14:23] I want a toy soon.
[1:14:24] Yeah, so I always have, always will.
[1:14:27] And so does Beck, thankfully.
[1:14:29] So that's a common thing that like once a month, we'll get in one of our, we've got a collection.
[1:14:34] Again, we're not one of those flops.
[1:14:35] We're not posting photos in front of it.
[1:14:37] I was 10 years ago, but
[1:14:38] We have our very private things that we enjoy, and once a month we'll go drive them and go somewhere and do something.
[1:14:44] So I don't think it'd be something around
[1:14:48] I'd love to have race cars.
[1:14:51] I'd love to.
[1:14:52] That'd be cool.
[1:14:53] Being a Formula One driver or rally driver or something, that would be pretty cool.
[1:14:57] That's a natural high.
[1:14:59] I reckon that would be sick.
[1:15:00] Did you not ever want to follow soccer through?
[1:15:03] I did.
[1:15:03] Yeah, I had contracts and all that sort of stuff and was pretty decent and had a big chance before injury and stuff.
[1:15:09] And then after injury, that was the end of it.
[1:15:12] I could have, you know, at a younger age, I could have stayed overseas in Europe or somewhere and kind of maybe, I wasn't quite there there, but could have cut the mustard at a mid-tier, low level sort of thing.
[1:15:22] You know how much those mid-tier guys get paid still over there, don't you?
[1:15:25] Yeah, they do.
[1:15:25] I thought I was going to be driving, girls were going to chase me down the streets of London, I'd be driving a Lamborghini.
[1:15:31] I mean, I'm halfway there, I became the ball.
[1:15:34] But, yeah, not to be, but, yeah, I mean, young, professional athlete.
[1:15:40] When I thought that, oh, maybe that night workout, what if I get hurt, everyone tells you I'll be a physio.
[1:15:47] And then I became a wanker banker.
[1:15:49] There you go.
[1:15:50] Fuck, go figure that, right?
[1:15:52] And if I didn't become a wanker banker, we wouldn't be here today.
[1:15:55] No, which is good.
[1:15:56] I'm glad you came out.
[1:15:57] Yeah.
[1:15:58] Yeah.
[1:15:58] Do you want to ask a funny one?
[1:16:01] Oh, yeah.
[1:16:01] Why not?
[1:16:03] If you had to describe yourself as a meal... Or a food.
[1:16:07] Or a food, what would you be?
[1:16:10] Ooh.
[1:16:11] Without thinking too hard... And Beck as well.
[1:16:14] Gee, sorry.
[1:16:15] Oh, okay.
[1:16:16] Beck's going to be classy.
[1:16:17] I would be something like slop.
[1:16:21] But when I say slop, you know like a comfort food?
[1:16:24] Yes.
[1:16:25] So like say for example, I love a good like stroganoff with pasta and sauce and meat or like a spaghetti but with 20 ingredients that shouldn't be in it.
[1:16:35] Do you know what I mean?
[1:16:35] Like you're not just spaghetti bolognese.
[1:16:36] There's carrot, there's garlic, there's chili.
[1:16:40] Like you know when you go to someone's house and they make shit and you're like, that's a weird fucking spaghetti.
[1:16:45] I'd be the weird spaghetti.
[1:16:47] Like I would have like fucking 10 things in the spaghetti that shouldn't be in the...
[1:16:50] I love how fast you answered that.
[1:16:52] That was good.
[1:16:52] Yeah.
[1:16:53] But then it's kind of like you hit it and you go, you know what?
[1:16:55] That's so wrong.
[1:16:56] But it's actually so right.
[1:16:58] That's true.
[1:16:59] It's like one of our favorite things in the world, Bex Pop makes all the time we're down there.
[1:17:05] is I quite like Vegemite, like I'm scraping it on.
[1:17:08] She's like real thin, not so much.
[1:17:10] Her pop does the best toast on the planet.
[1:17:12] You know, old people do things real well.
[1:17:14] Soon as it's out of the toaster, he's got every fucking corner with a thick leather of butter.
[1:17:19] You know what I mean?
[1:17:20] And then Vegemite and then thinly sliced tomato.
[1:17:25] salt and white pepper.
[1:17:26] I call it old people pepper.
[1:17:27] Oh yeah, old pepper.
[1:17:28] Yeah, old pepper.
[1:17:29] The dusty ones that you like.
[1:17:30] Dusty, right?
[1:17:31] So Vegemite on toast, perfect toast, thin layer of Vegemite, real, real thinly sliced tomato.
[1:17:37] So Vegemite tomato on toast with salt and white pepper.
[1:17:41] Wow, I'm going to have to give that a go.
[1:17:42] Because we do avocado and Vegemite.
[1:17:45] Yum, but not that.
[1:17:46] Thinly sliced tomato.
[1:17:48] I'll give that a crack.
[1:17:49] And old person pepper, I call it.
[1:17:51] Yeah, white pepper.
[1:17:52] Yeah, gross pepper.
[1:17:53] So I'd be like, thinking of that Watermess cartoon, I'd be the messy, weird, like, oh yes, or some sort of curry concoction thing.
[1:18:05] Fuck, that works.
[1:18:07] That's actually really good.
[1:18:08] I like it, right?
[1:18:08] I don't know how that works.
[1:18:09] But really hard to make, a pain in the ass, a ball-ache, concoction.
[1:18:14] But you go, fuck, that's pretty good.
[1:18:15] That'd be me.
[1:18:16] That's me as a meal.
[1:18:18] What would Beck be?
[1:18:19] Good answer.
[1:18:21] Beck would be something really subtle and measured and controlled, but really, really classy, like a, oh, I don't know.
[1:18:32] See, I'm allergic to seafood, so I can't say anything seafoody, but I'd say like a Japanese emperor's wagyu steak or something that would melt in your mouth or you could cut with a butter knife with some really café de Paris butter and fucking...
[1:18:49] Like something really classy and fancy, but also a bit when you look at it, you go, I stay in bed.
[1:18:54] But like classy, but understated, really like, because she's quite introverted, but very, very, you're like, wow, that's good.
[1:19:02] But I'd be a mess.
[1:19:03] How did you think of them so quick?
[1:19:05] That was so good.
[1:19:05] That's a hard question, actually.
[1:19:07] Yeah, that's a hard question.
[1:19:08] You did well.
[1:19:09] That's crazy.
[1:19:09] Yeah, well done.
[1:19:10] Trying to relate your partner to food.
[1:19:12] Yeah, to food.
[1:19:13] As a meal.
[1:19:14] What do you guys?
[1:19:14] That's what I meant.
[1:19:16] Oh, we had a bit of funny ones.
[1:19:17] I said...
[1:19:18] I still don't know what you are, sorry.
[1:19:19] Well, I said that Paul was a palmer.
[1:19:22] A palmer, yeah.
[1:19:23] Because he's just like a child chicken nugget.
[1:19:26] Like a chicken nugget is a child.
[1:19:27] He hasn't grown up.
[1:19:28] Yeah.
[1:19:29] So that was him.
[1:19:30] I love the palmer.
[1:19:31] Yeah, giant, yeah, palmer.
[1:19:32] Giant big dino nugget.
[1:19:34] Yeah, big kid.
[1:19:35] He's a big kid.
[1:19:36] And he didn't really have one for me.
[1:19:38] No, you had to be determined.
[1:19:39] No.
[1:19:39] Yeah.
[1:19:39] Yeah.
[1:19:40] Or else blue cheese is the other one.
[1:19:42] Before the end of the weekend at REM, I want you to reclassify each other as a meal.
[1:19:47] Tread carefully around that one.
[1:19:48] Yeah, you better be careful.
[1:19:50] You had a few that you were laughing with and I was like, oh, thanks.
[1:19:53] It wasn't as nice as Beck's one.
[1:19:55] Yeah, I don't know.
[1:19:56] We'll see when she listens to this.
[1:19:58] She might not like it.
[1:19:59] I should have said caviar.
[1:20:01] Caviar.
[1:20:03] Just because she's perfect.
[1:20:04] Yeah, I don't know.
[1:20:06] I don't really.
[1:20:07] I don't know if I'd like caviar.
[1:20:08] Well, guys, it's been an absolute pleasure.
[1:20:10] Yeah, thank you.
[1:20:10] I really hope somebody listening to this at home resonates.
[1:20:13] We'll get you back for another episode.
[1:20:16] See what happens this weekend and into the next coming few months, etc.
[1:20:19] Really excited.
[1:20:21] hope someone really just goes you know what we were kind of in that position shit we should sell the investment all the we never thought of that you know so hopefully it it stimulates something for at least one family out there so it's been a pleasure thank you yeah thank you and i look forward to round two yeah for sure thanks guys you're fucking gone see ya

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