Latest / The Curve / What It Takes to Buy a House in Your 20s, with Tegan Yorwarth.

Transcript

What It Takes to Buy a House in Your 20s, with Tegan Yorwarth. · The Curve

• 0:00
  Welcome to our brand new property podcast.
• 0:06
  We do!
• 0:07
  This has been in the works for a long time and we're so excited to finally be able to speak
• 0:12
  to you.
• 0:13
  Regularly, every month, we're going to have a property podcast when we talk about home
• 0:18
  ownership, property investing, and that's whether you're trying to buy your first home,
• 0:23
  you're trying to buy your second home, maybe you're wanting to buy an investment property,
• 0:27
  and that is exactly why we're proud to be partnering with BNZ because they get it, they
• 0:31
  understand that there's no two situations that are the same, and having a BNZ home loan
• 0:36
  partner in your corner, you'll always have the expert advice and tools that can help you
• 0:41
  make it happen.
• 0:42
  But thank you so much, BNZ, for helping and power this property podcast.
• 0:47
  BNZ home loans are subject to their lending criteria, including minimum equity requirements,
• 0:51
  terms and fees, and establishment fee of up to $150 may apply.
• 0:57
  So, Tegan, thank you so much for coming on the podcast.
• 1:01
  Do you know what's epic?
• 1:02
  As someone from our community suggested we get you on, they forwarded us your post that
• 1:07
  you put up about buying a house, and they were like, you have to get her on, this is
• 1:10
  so cool, she's been speaking openly about how she's safe for a house, and has been quite
• 1:14
  open about her financial journey, and I was like, shit, yes, that's so awesome.
• 1:20
  And also, the fact that you work at the place that I grew up in media, I don't know what
• 1:25
  it was.
• 1:26
  It was a cool connection there.
• 1:27
  Yeah.
• 1:28
  Oh my gosh, this was old, so if this was me 10 years ago, when I first started in media,
• 1:34
  so for anyone who doesn't know Tegan works in a breakfast show, on a breakfast show,
• 1:40
  and so you have been open about your financial, like, learning journey for a while.
• 1:46
  Is this something that you speak about on the radio, or more in your own personal social
• 1:50
  media channels?
• 1:51
  I think a little bit more now, because I think it's become my sort of USP, like, I'm not
• 1:57
  amazing at money, it's just, I'm interested in making my money work for me and working
• 2:01
  a little bit better, and I think I was just really lucky to have parents that were like,
• 2:07
  we were very middle class New Zealand, but like, they were just kind of smart, you know,
• 2:12
  with what they did with their money, and they were quite happy waiting, there was like
• 2:15
  a delayed gratification as opposed to getting like an instant one, they weren't impulsive,
• 2:19
  they weren't nothing, and I think I adopted a lot of their habits.
• 2:22
  And then as I got older, like, I had this really weird, like, scarcity mindset because
• 2:26
  I entered radio, and they always tell you your job's not going to last forever.
• 2:30
  Well, I think that that's definitely a point that's worth stopping on, and I was actually
• 2:36
  going to ask you about this, because there's like a precariousness to being a personality,
• 2:40
  whether it's on radio, television, whatever, where, yeah, and particularly because there's
• 2:45
  only really like one woman on every show, it's like anyone could take your job at any
• 2:50
  second people, like, practically give birth on it.
• 2:52
  Yeah, literally.
• 2:53
  Yeah.
• 2:54
  So, yeah, so do you think that the difference between the way that you are with money
• 2:58
  and the way that you've been brought up and the skills that you've learned is that really
• 3:03
  from what you've seen your parents teaching you, maybe, that sort of combination, like,
• 3:09
  they've always told me, have savings, save this, like save as much as you can, like, you
• 3:14
  know, when I had a student loan, try to pay that off as fast as you can because it's better
• 3:18
  to have no debt, you know, even though that debt's not that bad, no interest on it, just
• 3:21
  like, those sort of, like, little bits and bobs that they would sort of say in my ear,
• 3:26
  plus entering a field that felt quite fickle, and that was kind of what was, as soon as
• 3:33
  I got my first contract, my first contract was only six months as a trial.
• 3:37
  So I really had to take the risk and, you know, entering the new realm of going on
• 3:41
  as opposed to being behind the scenes where I could just have a rolling contract.
• 3:45
  So I think it was kind of like, okay, well, I don't know when my next contract's coming
• 3:49
  up, so I better be as smart as I can with what I've got right now.
• 3:52
  Even when I went to university, so I moved up from Parme, went, came to university in Auckland
• 3:56
  which is, as everyone knows, the most expensive place you can come to if you want to go to
• 4:00
  uni as a student.
• 4:02
  So I was working all through uni, and it was hectic, but I think even then I was in that,
• 4:08
  oh my God, I have to work, to live, to be comfortable, to be okay.
• 4:13
  So it's almost like I've always just had this real anxiousness around what's coming
• 4:17
  in and what's going out and making sure that it's like balanced, like I've never been
• 4:22
  in the negative, if that makes sense.
• 4:24
  It's so weird as well, because when you're kind of getting close to the negative, I
• 4:27
  don't know.
• 4:28
  There's almost like this PTSD that kicks in for me, like there's been so many times
• 4:33
  where I've been close to being in a scary situation, and have always managed mostly
• 4:40
  to pull myself out of it.
• 4:42
  And full disclosure, there's definitely been times where I've had to ask my parents
• 4:45
  to help me because I've just ended up in a situation where I'm like, oh my gosh, and
• 4:49
  thank goodness, now that I'm finally 33, I feel like maybe those days are gone, although
• 4:53
  I might want to just touch some wood just in case.
• 4:56
  For me, even though I'm in a way better financial situation than I was years ago, I still
• 5:03
  cannot seem to shake that like hypervigilance that comes with having experienced the
• 5:10
  necessity of needing to be hypervigilant, do you know what I mean?
• 5:13
  I think we have it for life.
• 5:14
  I don't think you can shake it, but although I do, so my boyfriend and I, we just got
• 5:20
  out first house together, which I'm grateful for, thank you so much, and we can touch
• 5:25
  on that a bit more.
• 5:26
  It's huge, so seriously, can we just pause for a second, because the fact that you've
• 5:28
  done that before your 30 is like truly incredible.
• 5:31
  Honestly, it was this, like I worked hard for it, but it also, it was very much like
• 5:35
  stars aligning and things just falling into place.
• 5:38
  But he, so like I'm more of a sabre, he's more of a spender, and we're so opposite, but
• 5:43
  I think I've been told by a lot of people when I've talked to different people in this
• 5:47
  sort of finance space.
• 5:48
  Like as a sabre and a spender, I really good people to balance each other out, because
• 5:52
  I think sometimes because we have the scarcity mindset and we're so anxious about our money,
• 5:57
  we almost don't let ourselves enjoy our money sometimes.
• 5:59
  Whereas my boyfriend's the opposite, and he's quite happy to enjoy every single last
• 6:04
  sentence.
• 6:05
  Yeah.
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  But now I can set him up in a way that, hey, everything that's in that spinning account
• 6:09
  is yours, as long as everything's gone out.
• 6:12
  So it's kind of, it's a really good way to balance it, and I think.
• 6:15
  Opposites attract financially.
• 6:16
  Yeah.
• 6:17
  I honestly think that's such a good point, and like I've seen it quite a few times like
• 6:21
  we interviewed a couple, Tim and Chris, who are both financial advisors, ones are spender,
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  ones are sabre.
• 6:27
  And it is, it's almost like someone can be spontane, spontane, what sort of people?
• 6:31
  Spontaneous.
• 6:32
  Spontaneous.
• 6:33
  Yeah.
• 6:34
  Spontaneous.
• 6:35
  Someone can be spontaneous and someone can be really planned.
• 6:36
  But that would, if you had two people that were planned and two people that's spontaneous,
• 6:40
  you'd never planned it.
• 6:41
  A big two rigid.
• 6:42
  Yeah.
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  Or like a big two rigid if you were planning all the time.
• 6:45
  But then if you were two spontaneous, it would be, yeah, too much.
• 6:48
  So I actually think that's quite a, quite a good combo financially.
• 6:53
  Yeah.
• 6:54
  I agree.
• 6:55
  So I had, I had spoken to some sort of finance people like, my cousin, it was one of his
• 7:04
  best mates, was a Kiwi saver advisor.
• 7:07
  So a couple of years ago, I had a chat with him and this felt good to me because I had
• 7:11
  known this guy forever because he was my cousin's best mate.
• 7:14
  So for a good like, let's say, five, 10 years I've known this guy.
• 7:17
  So going to him, I would keep for even just Kiwi saver advice, I actually trusted him.
• 7:21
  Yeah.
• 7:22
  Whereas that whole space felt very scary to me and I just didn't want anyone looking
• 7:25
  at my money or touching my money.
• 7:26
  It's so interesting.
• 7:27
  Yeah.
• 7:28
  Any normal mortgage broker if you hadn't had an existing relationship, you might not have
• 7:31
  gone down that path.
• 7:32
  Yeah, exactly.
• 7:33
  So it was so nice to talk to him and he said, well, what are your goals?
• 7:37
  Like, five, 10 years, I said, I'm not a very like risky person.
• 7:40
  Like, I just want to do something a little bit safer, but it's, it's so like we moved
• 7:44
  my Kiwi saver into like a moderate fund instead of a conservative one.
• 7:48
  And then he set me up like a term deposit that was on call and he said, look, if you chuck
• 7:53
  some savings in here, it's going to be probably better off than in the bank.
• 7:57
  And I was so scared about it that I wouldn't transfer all of it over to it, I only did half
• 8:00
  because I was like, well, what if it just disappears like a so scared, but he kind of set
• 8:04
  me up on a plan where he goes, okay, by 30, you'll have enough to buy yourself a $1 million
• 8:12
  property, like a 20% deposit.
• 8:13
  So I went, okay, so I was on the sort of plan.
• 8:15
  That's amazing.
• 8:16
  Yeah.
• 8:17
  Holy shit.
• 8:18
  That's amazing.
• 8:19
  So that was the trajectory of that plan.
• 8:20
  And don't you think when you've got that in your head as a goal or you can kind of somewhat
• 8:24
  see the path to get there, it's way more tangible than just like, it was so much easier?
• 8:28
  The idea of a million dollar mortgage was like, what?
• 8:31
  It's so scary.
• 8:32
  Yeah.
• 8:33
  But we sort of, so I sort of stuck to the plan.
• 8:34
  And then so by 30 was when I thought it was going to all kick off and then I was going
• 8:37
  to go, oh, I'm in the promised land now, let's go.
• 8:40
  But last year, so I, I'm 28 now, I turned 29 this year, last year, I just saw a change
• 8:48
  because I've been following that, like I didn't know much about the housing market,
• 8:51
  but I'd been following it very loosely and saw that interest rates were dropping and
• 8:55
  things like that.
• 8:56
  And I was like, oh, I wonder if I could get in now because it was dropping.
• 9:00
  And I was like, oh, maybe in like house prices were dropping a little bit.
• 9:02
  I was like, oh, that's what I kept hearing in the news.
• 9:05
  So I can get so much FOMO when you hear that don't you think?
• 9:08
  Because it's like, it's such a scary purchase that the idea of like buying well or at a time
• 9:13
  where it's not like peaking.
• 9:15
  Yeah.
• 9:16
  It was like a once in a lifetime opportunity.
• 9:18
  So like my ears kind of perked up, my eyebrow was raised, I was like, okay, let me look
• 9:23
  into this.
• 9:24
  Talk to my dad about it.
• 9:25
  Oh, it was next and actually my co-host.
• 9:26
  He said, have you thought about using your parents' equity?
• 9:30
  And I was like, no, I didn't know that was a thing.
• 9:33
  Talk to my dad about it.
• 9:34
  And he goes, look, like, I'm not opposed to it, but I think you should just go to a broker
• 9:38
  by yourself.
• 9:39
  You may not even need it.
• 9:40
  Like, just go talk.
• 9:41
  So went to a broker, got recommended one, went to mortgage hub.
• 9:45
  And they, like, I got pre-proved so quickly and all of a sudden I was ready to go and
• 9:48
  I went, what?
• 9:49
  So I was just like, maybe the way I was looking at my money wasn't exactly like the way
• 9:54
  they saw it.
• 9:55
  And so I did have the money, really, and saved.
• 9:58
  So I embarked on the journey by myself initially.
• 10:02
  And it was pretty tough.
• 10:03
  I went lightier and I think in a buyer's market there was plenty of people like me that
• 10:06
  sort of the opportunity was there and so they were rushing to it.
• 10:09
  I was getting like bought out of auctions really quickly, like, bit out very quickly.
• 10:14
  So you scared going to auction, were you like, hell yeah, it's awful.
• 10:18
  I even almost got this house out worse and to the point it was mine.
• 10:23
  And a builder's report just came back a little bit iffy and I just had this yuck feeling
• 10:27
  about it.
• 10:28
  Looked at this plumbing report from it and just the stormwater drainage system, I didn't
• 10:33
  know anything about stormwater drainage.
• 10:34
  So I literally reached out to my followers like, hey, can a plumber hit me up?
• 10:38
  Sentin the plans, he said, like, get out of that Lego house now.
• 10:42
  And don't you reckon that's the thing, right?
• 10:44
  Like if you have people to speak to or ask that you trust, it's the difference between
• 10:50
  making a decision or not because going to auction by yourself, I mean, as someone that
• 10:56
  has done there, I won't, I don't get that nervous anymore.
• 10:59
  I won't, sweetening but like, it's like so nervous.
• 11:03
  It's like you're sweet, but your palms are like, everything is over your chest is so
• 11:07
  scary.
• 11:08
  Do it by yourself, I actually think, is what puts a lot of people off because it's like
• 11:12
  you do feel like it's all on you, you don't have that person to be like since checking
• 11:16
  with.
• 11:17
  So that's so good that you didn't get it.
• 11:19
  You have to trust those instincts, I think.
• 11:22
  And so in that house ended up selling for like nearly 50k below what I was going to
• 11:26
  block pay for it for, but like I didn't really care, I just went, I didn't get emotional
• 11:31
  about houses every time we lost and we lost five, I think.
• 11:34
  So somewhere along the process, maybe about five months in, my boyfriend and I, we haven't
• 11:40
  been together for long, but we're pretty like, this is, we're very into each other and
• 11:45
  we're quite into this.
• 11:46
  And we're feeling pretty good.
• 11:47
  Yeah.
• 11:48
  And him and his mom sort of brought up the idea of potentially going in together and she
• 11:51
  was like, look, this is not to ride your coattails, you know, that was the very much the
• 11:55
  sentiment.
• 11:56
  Oh, that's so cool.
• 11:57
  It was just more like that.
• 11:58
  Yeah, but it was just more like the bank might give you more together.
• 12:03
  Like he may not have much to contribute deposit wise, but being together, you can serve
• 12:07
  us a bit on mortgage.
• 12:08
  And I was like, now that makes sense, talk to my parents, my mum loved the idea.
• 12:11
  So that was kind of, that gave me confidence that our parents were all like, this is a smart
• 12:15
  idea for you too.
• 12:17
  So we went in together, we got pre-proved for more, which is great.
• 12:20
  Obviously we didn't max out because we're not silly.
• 12:22
  And then.
• 12:23
  So if anyone you think that's like, that's what you got to spend, you're like, cool.
• 12:25
  I've been pre-approved for this thing, you're like, sorry, I mean, sorry, what?
• 12:28
  And then it was like, you don't have to spend as I think that God, because I won't.
• 12:31
  So then worked out, like, reassess those numbers, what we could do together.
• 12:35
  And then we started looking together.
• 12:38
  And after nine months, we finally got a house.
• 12:41
  Holy shit balls.
• 12:42
  That's a long time.
• 12:43
  Long time.
• 12:44
  I was tired.
• 12:45
  And so the house we got.
• 12:46
  God, you have to be so positive.
• 12:48
  I'm like such a...
• 12:49
  I was not positive by the end.
• 12:50
  Yeah, shit and like, do it quickly.
• 12:52
  Like I'm not the kind of person to sit around and like project management, something
• 12:55
  for ages.
• 12:56
  I would find myself losing motivation.
• 12:58
  So we ended up going for us, everything was auctioned.
• 13:01
  We found this house that we were like, holy shit, this is the house.
• 13:05
  But I straight away, I went, it's this is out of our budget, like there's no way.
• 13:10
  So we hit a buyer's agent in the end and he was a friend of a friend.
• 13:14
  So basically he would go around and he was the one liaising with agents and he got to
• 13:18
  do all the admin check.
• 13:19
  We didn't have to deal with that.
• 13:20
  He would speak to them on behalf of us and...
• 13:22
  What did I get in exchange for that?
• 13:24
  I think he gets part of the sale, but he, because he was a friend of a friend, it was kind
• 13:28
  of like...
• 13:29
  But you don't have to pay him, it's not like, yeah, yeah.
• 13:31
  I think some people do though, but we were just really fortunate.
• 13:34
  His name's Pat Lippa Luppa, so shout out to Pat Lippa Lippa.
• 13:37
  And he...
• 13:39
  He kind of went, now let's go for a pre-oction.
• 13:42
  I said, sweet, so everybody admin like, we were trying to build a support this there
• 13:45
  and something just kept coming up and I was just like, it's not happening.
• 13:49
  We've lost it.
• 13:50
  We've lost it.
• 13:51
  Can we pause for a sec for anyone that doesn't know what that means?
• 13:53
  Yes.
• 13:54
  When there's an auction, when a house is going for auction, you actually can put in a pre-oction
• 13:58
  offer if you want, but it would have to be attractive enough for a vendor to go, yeah,
• 14:04
  that's for me.
• 14:05
  We were lucky enough that we found out that the vendors had already bought and the condition
• 14:10
  was that they sold this one, so they were really eager to sell it.
• 14:13
  Oh God, they had to.
• 14:14
  They had to just do not want me getting out of here the MA.
• 14:17
  Exactly.
• 14:18
  That's what I do.
• 14:19
  So they were really eager to sell it, they had heaps interest on their house, their house
• 14:22
  is beautiful.
• 14:23
  My house now.
• 14:24
  But the house was stunning, but we had, because we were cash buyers, because we were literally
• 14:30
  living at home.
• 14:31
  My partner's been living at home, I've been living with an aunty and I call, we were just
• 14:35
  ready to go.
• 14:36
  But so usually with a pre-oction offer, all it does is the offer is presented to the
• 14:41
  vendor and if they go, yep, keen, they bring the auction forward to that day.
• 14:46
  So it kind of eliminates some of the competition because some people can't get their shit sorted
• 14:52
  in time.
• 14:53
  But we put in a condition and an offer that they had to remove it from the auction and they
• 14:59
  did it.
• 15:00
  Yeah.
• 15:01
  And what's the con of doing that?
• 15:02
  The con of doing it is they just say no.
• 15:06
  And so you did all that admin, spent all that, like spent the money, but then you just
• 15:10
  go to the auction anyway, I would say, I don't really think there is a con because even
• 15:14
  if they say no and you've spent money on the builders report, you're still ready to
• 15:18
  go to an auction anyway.
• 15:19
  So the only reason they would say no is if it's way below what that is.
• 15:22
  Yeah, if it's not enough for them.
• 15:24
  But what if you had, like, let's say with your pre, oh my god, why do I keep forgetting
• 15:29
  what it's called?
• 15:30
  Your pre-oction offer.
• 15:31
  Pre-oction offer.
• 15:32
  The Ovalingo really gets me.
• 15:33
  So if you had gone way above what they would have sold for, that's another con, right?
• 15:37
  Like if they're like, ha ha, Teagan's going to pay like a hundred grand more than we
• 15:41
  were going to, you know, that's the only other option where it could be.
• 15:44
  I genuinely think though this house potentially if it had gone to auction, I think it would
• 15:49
  have gone over what we paid for it easily because of how much interest there was apparently
• 15:53
  like, there's quite a few people doing builders reports.
• 15:55
  So we were quite happy with what we got it at.
• 15:58
  But we know it was at, what's the word, Arby?
• 16:01
  Like we got it valued.
• 16:02
  It's a chord.
• 16:03
  Is it CV?
• 16:04
  CV.
• 16:05
  No idea.
• 16:06
  So everything, the stars just kind of align like everything fell in place for us for
• 16:09
  this one.
• 16:10
  But it was nice because we had literally only seen the house once.
• 16:12
  And we were like, all in.
• 16:14
  So the times that it hadn't worked out, had you with any that you would genuinely
• 16:19
  got it about?
• 16:20
  Probably the first house I went for, which was like maybe a few weeks into me getting
• 16:25
  pre-approved.
• 16:26
  I went for this house's auction.
• 16:28
  And this is before I knew that agents respectfully can be snakes and I can't be snakes.
• 16:33
  Who can be snakes?
• 16:34
  Agents like real estate agents.
• 16:35
  Can they?
• 16:36
  They can.
• 16:37
  What do you mean?
• 16:38
  They just play a few games.
• 16:39
  And it's always for the better of them.
• 16:40
  And I get it because the best agents are the ones that play the most games.
• 16:43
  Wait, can you give me an example?
• 16:45
  So like, when you advertise, say like on Trade Me, right?
• 16:48
  You're like looking at a property and your budget is a million.
• 16:52
  So you put your limits, your budget up to a million.
• 16:55
  How good is it that you can put all those parameters in Trade Me?
• 16:58
  You can put everything up there.
• 16:59
  But they can actually advertise the house or put it in a range that's like 15% lower than
• 17:06
  what they want for it.
• 17:07
  So you could go up to a mill and go to a house, but it ends up selling for like 1.2 or something.
• 17:13
  And you're like, oh, well, I was never in the game anyway.
• 17:15
  But then so you kind of learn like tricks like, okay, well, then I'll only go up to like
• 17:21
  my range, even though I've got up to a mill to spend, I'll only put it up to 900.
• 17:25
  Because then they'll actually be in my range.
• 17:28
  So it's just little things like that.
• 17:29
  Like I felt like there was a few new times where agents would have been like, yeah, this
• 17:32
  is definitely in your ballpark.
• 17:34
  And I also got told, never tell them an agent you don't trust your budget because they'll
• 17:38
  try to get you into houses that are way out, but they're just trying to hustle you and
• 17:41
  stuff.
• 17:42
  Yucky, I hate that.
• 17:43
  Like the hustle, like I get that that's the hustle.
• 17:45
  It wasn't working for me at the time.
• 17:47
  But how would you even do that?
• 17:48
  Like if you're only, if you only have a million as your pre approval and say you go
• 17:53
  over by 30 grand, what do you meant to do?
• 17:55
  You meant to just somehow find that money?
• 17:56
  Oh, yeah, you do.
• 17:57
  It's your problem.
• 17:58
  It's not that it is.
• 17:59
  Yeah, but that's what I mean.
• 18:00
  I think that's the thing.
• 18:01
  It's like you need to communicate what you're, it's not even like what your highest
• 18:06
  is, right?
• 18:07
  So is that what you mean when you say you've got to be careful with like who you trust
• 18:10
  with your budget because you've got your budget and inverted commas and then you've
• 18:13
  got like, no, no, no, like I can't stand above us.
• 18:16
  This is this is this is there's no wiggle room here.
• 18:18
  And I think there are people that probably pay on those that don't have a good, no,
• 18:23
  like they can't just say no.
• 18:24
  So there's definitely people that probably pay more for their houses than they would.
• 18:27
  But then there's also a bunch of people that don't.
• 18:29
  I just think that first house, beautiful home thought it was amazing.
• 18:32
  Couldn't believe it was potentially in my budget.
• 18:34
  And I was thinking like I kind of indicated that I probably wouldn't spend more than 9.50
• 18:39
  for this property and they were like, yeah, yeah, you're in for it.
• 18:42
  And then it went for like, oh, where did it go for 1175?
• 18:46
  So like so beyond, you know, like not it wasn't even like don't let me dream about it.
• 18:51
  You know what I mean?
• 18:52
  Like I wouldn't have been mad.
• 18:53
  But then I was just like, why did I even turn up?
• 18:56
  Like it was kind of one of those ones like, and there was another house we went for.
• 18:59
  I that was the one I was probably sad about because it was beautiful.
• 19:03
  But there's been a couple of homes we went for and like there was one house that maybe
• 19:07
  went for like 20, 30 K over what we were willing to pay for it because I was like,
• 19:11
  it's not worth more than that.
• 19:13
  And someone got it and I went, oh, well, and we ended up seeing another guy who was
• 19:17
  at the auction at another house.
• 19:18
  And he we were just having a laugh like, oh, far we're probably going to see you
• 19:21
  at a few of these houses.
• 19:22
  And he goes, hey, were you guys mad that you lost at house?
• 19:25
  And I said, I said, I try not to get emotionally attached to the houses.
• 19:29
  But to be honest, no, because from the research that me and the agent had done,
• 19:33
  we didn't think it was worth that.
• 19:35
  So I was quite happy that I didn't pay that.
• 19:37
  And he goes, oh, my mate values properties.
• 19:39
  And he didn't, I didn't think it was worth that either.
• 19:41
  So if that makes you feel better.
• 19:43
  So I was like, OK, so everything kind of happened for a reason.
• 19:45
  And I think where we were willing to say no, it paid off for us.
• 19:49
  But this one we were like, all cards on the table.
• 19:51
  How did you navigate not attaching emotionally to something, particularly when you've
• 19:57
  been looking for such a long time, like what kind of advice or like thoughts would
• 20:01
  you give others that are kind of like, I've been in an emotional rollercoaster
• 20:05
  how the fuck have you not been?
• 20:06
  I think I was definitely emotional.
• 20:09
  But the, my emotions were tied to the process, not the house.
• 20:13
  We would see so many like adequate houses.
• 20:15
  I think you know when you step into a property, you know, I like especially if you're
• 20:19
  going to live in it and it's going to be unoccupied, you step into a home and you
• 20:22
  know you can see your life in it.
• 20:23
  But there's a lot of properties you'll step into and you go, nah.
• 20:26
  And make like right on that feeling, like if you say, nah, that's OK.
• 20:29
  You're spending all your life savings.
• 20:31
  Do not settle for a house that you think, oh, this will do.
• 20:34
  Like actually find the one that gives you butterflies.
• 20:36
  I promise it's worth it.
• 20:37
  But that's so cute.
• 20:39
  I love that.
• 20:39
  But the, yeah, I didn't really feel any emotion to the houses themselves.
• 20:45
  It was just the idea of having to go through the process all over again.
• 20:48
  That would make me upset.
• 20:49
  It's so much work and it's money.
• 20:51
  Like the money we spent on lawyers, builders, reports for like four or five lost houses.
• 20:56
  It's a lot of money.
• 20:57
  And not everyone has that money to be able to keep doing that process over and over.
• 21:01
  So we were really fortunate.
• 21:03
  Like I think my partner's parents like shouted one of the builders and reports, which was so nice.
• 21:08
  They did it to do that.
• 21:10
  But yeah, I think you just have to know that the houses and yours until it is.
• 21:14
  So when you're in it and you can visualize it, that's amazing.
• 21:17
  But it's don't act like it's your house until it is.
• 21:20
  And what would you say were some of the biggest financial lessons that you learnt along the process?
• 21:25
  Like were there anythings that you wish you'd known so now?
• 21:29
  Like do spend on this, don't spend on that.
• 21:31
  The builders report, although expensive, is always worth it.
• 21:34
  So that's kind of like if you're buying a car and you need to get a mechanic to check it's not going to let car get out.
• 21:40
  Make sure it's got a wharf, make sure it's got a bridge, basically.
• 21:43
  No builders report is perfect, nine times out of ten.
• 21:46
  There's always might be a little something you need to keep an eye on.
• 21:48
  I mean, if you think about it, it's essentially like asking a builder to go and look at a fully done house
• 21:52
  and understand what's below the surface, which in itself is kind of wild.
• 21:57
  And it's just giving you like a little bit of a heads up to keep an eye out on stuff.
• 22:01
  But I think it's always worth adjusting case something happens.
• 22:04
  And like I think here in Auckland as well, we had the floods a couple of years ago, the anniversary Auckland anniversary floods.
• 22:10
  And so it was really important that you looked at council plans where the flood planes are, where the water runs through.
• 22:17
  And not because it's it's a complete no go, but you'd potentially want to avoid somewhere that is more inclined to flood.
• 22:25
  You know, so because there's a lot of, we have a lot of infrastructure around Auckland, where they did build on and around flood plans.
• 22:31
  And so it's really good to keep an eye on it, but it's not always a no go.
• 22:34
  It's just like those things are really, really good for hindsight.
• 22:38
  So like a friend of mine, she was looking at a house.
• 22:41
  She ended up getting it, but they did a really extensive builders report and the roof needed replacing.
• 22:47
  But having that fact of spending that seven, eight hundred bucks on the builders report saved them 40 K on a new roof.
• 22:54
  Like they decided, now we're not going to do that.
• 22:56
  So do you know what I mean?
• 22:57
  Like it did save the money.
• 22:59
  So it's annoying having to pay for it, especially over and over again, if you're not always getting it, you keep losing out on houses.
• 23:04
  It is a very real reality, though.
• 23:06
  And honestly, all of my, a lot of my mates, they got the first house they went for.
• 23:11
  And so for me, nine months, I was like, if I'm out, I literally was looking inwards going, okay, I'm real big believer in karma, real big believer in karma.
• 23:21
  So I was seeing they're going, okay, I keep losing and I keep failing.
• 23:25
  So what have I done?
• 23:26
  Who have I pissed off?
• 23:27
  Who have I took shit about?
• 23:29
  That has led me to deserve this.
• 23:30
  So good.
• 23:31
  And then got in the house of my dreams.
• 23:33
  I was like, oh, now I'm a good bitch on time.
• 23:34
  Like, shit, that's money.
• 23:37
  No, actually, it was so existential.
• 23:38
  I just thought my life was over.
• 23:40
  And then it's fine.
• 23:41
  And then all of a sudden, it's fine.
• 23:42
  And honestly, that's a difference between men and women, right?
• 23:44
  Like there would be no men that have gone for four houses, not got them.
• 23:47
  And it's like, right, going to have a little search inside.
• 23:50
  Is there anything I need to be aware of?
• 23:51
  It was literally me.
• 23:52
  And me saying this to my boyfriend and he's like, relax, like literally.
• 23:56
  Do you think that as a Māori woman, is there a deeper significance to home ownership?
• 24:03
  I think so.
• 24:04
  I think especially in this space, there wasn't a lot of like role models or stories that
• 24:11
  I could relate to, as far as upbringing's or weather app.
• 24:15
  And I just like to see, like I had a couple of friends that obviously Māori woman that
• 24:19
  owned homes.
• 24:20
  And like one of my mates, she's got three kids and her and her partner have just about
• 24:23
  paid off the mortgage on one house, bought another house, like living the dream.
• 24:27
  Amazing.
• 24:28
  Like really good with money.
• 24:29
  And I see that and I'm like, I'm trying to be like that.
• 24:31
  Like I'm trying to live that life and she's now in a space where she's sort of contracting
• 24:36
  can be at the kids' school drop-offs and the pick-ups and like, because they've set
• 24:40
  themselves and worked hard.
• 24:41
  That is actually the dream, isn't it?
• 24:42
  Yeah.
• 24:43
  So I think there's definitely, in my personal life, some are like role models I could
• 24:47
  draw on, but not a lot in a way that like I see people, I don't know, on-ear, online,
• 24:52
  in the same way, there's obviously not as many brown faces in media, full stop.
• 24:57
  So I think being able to be a Māori woman that did this pretty much on her own, so this
• 25:03
  is what me and my boyfriend says, because people go, congrats on you guys on the house
• 25:07
  and he goes, no, no, she bought it.
• 25:08
  It's our house, but she bought it.
• 25:10
  Like he likes to say that.
• 25:11
  You gotta keep it there.
• 25:12
  Yeah.
• 25:13
  Nice.
• 25:15
  But he never wants to like, discredit my hard work and I even told him I was getting
• 25:19
  pissy about how all of a sudden when he came on board, his name was first on e-re-document.
• 25:23
  Yeah, I do.
• 25:24
  And my lawyer goes, it's probably just alphabetical relax, like.
• 25:27
  No, I'd be like, move it.
• 25:28
  A better belief.
• 25:29
  A better belief.
• 25:30
  But I know, so I think it does hold significance, so because hopefully there are other women
• 25:35
  that realize that they don't need to be co-dependent on a partner to achieve their goals.
• 25:40
  It is possible on their own, we just have to be a bit more patient, that's all.
• 25:44
  But I'm not trying to, I don't want to sound like a, for like a bit of word, a bit of an
• 25:47
  e-document, I'll be like, I'm so great, like, look what I was able to do.
• 25:50
  But I think, like, I think people have had that realization that potentially it's not
• 25:55
  as far out of reach as they first thought.
• 25:58
  And also, I, what I'm trying to tell my friends or peers or people that do say, wow, that's
• 26:05
  really impressive, I'm like, the information I've had access to, you have access to as well,
• 26:10
  I'm not some, I haven't read some book that's changed my life.
• 26:13
  I haven't started investing at 16 years old or done anything, like, and not to say that's
• 26:18
  crazy, but I haven't done anything out of the ordinary, other than just have a slightly
• 26:22
  different mindset and knowing that money doesn't just appear, like, some people just think
• 26:28
  money comes and goes, like, it does in my head, but it also doesn't.
• 26:31
  I have this thing that it may be one day it won't, it won't, it won't keep coming
• 26:35
  like it does.
• 26:36
  So I think, I hate that I've got the exact same mindset.
• 26:39
  Yeah, and so I like, I, like, one of the things that my parents taught me as a kid and
• 26:44
  I spoke about this when I did this talk was like, we, to chores every week, got $10 pocket
• 26:49
  money, but never cash in hand, it was just like in an account, I think it was just an
• 26:54
  extra spreadsheet that I'm just put together, but the jobs weren't done well, you wouldn't
• 26:59
  get the $10, but the $10 didn't really exist until the end of the year, if there was
• 27:04
  something I kind of wanted.
• 27:05
  And I'm talking, like, I'm 10 years old, I could get the money out and go buy it, like
• 27:09
  I bought an Nintendo one year, which was amazing because I saved all my coins.
• 27:13
  But like, if the job wasn't done to my standard, you didn't get it.
• 27:17
  That was kind of the rule.
• 27:18
  But I think I always had this idea that like, pretending savings doesn't exist.
• 27:23
  So like, I kind of, then when I was an adult, when I wanted to save money, I would send
• 27:27
  it to my mum.
• 27:28
  Out of sight, out of mind.
• 27:30
  Out of sight, out of mind.
• 27:31
  It didn't exist.
• 27:32
  The payment just went out and I just accounted for that not even existing in my pay, like
• 27:37
  Kiwi Saviour.
• 27:38
  You know how you just never see it?
• 27:39
  It just goes.
• 27:40
  And so that was my thing.
• 27:41
  If I wanted to save money, I couldn't see it.
• 27:43
  I used to have a do not touch account in capitals, but like, because I could touch it.
• 27:47
  It always got touched.
• 27:48
  And my thing was like, a lot of people have said to me, why didn't you just put it in
• 27:51
  another bank account?
• 27:52
  And I was like, because if I needed to go to the bank, they would give it to me.
• 27:57
  If I had to ask my mum, I'd have to big put together some case and she'd be like,
• 28:01
  nah, I don't really like that.
• 28:02
  I don't think you need that.
• 28:03
  And I'd be like, oh, so I just went even bother.
• 28:06
  And so then when I sort of had these opportunities, like I obviously had my salary, but I had opportunities
• 28:10
  outside of work to earn money, whether that was him saying, doing TV, whether it was doing
• 28:15
  ads on Instagram, whatever it might have been, that money was coming in.
• 28:18
  But I just put it in another account that never existed and I stayed living on my salary
• 28:22
  and nothing else.
• 28:23
  And that was like how I got there.
• 28:25
  And I understand there is a privilege in the space I work in and I have other opportunities
• 28:30
  to earn money.
• 28:31
  But not everyone takes advantage of them.
• 28:33
  I just was the girl that was like, well, if these money did be made, I'm going to try
• 28:36
  to make money.
• 28:37
  Do you need me to voice say, chemist warehouse ad?
• 28:38
  Do you need me to go and do some like road run activity?
• 28:42
  I got you.
• 28:43
  I'm keen.
• 28:44
  But I actually think the more people I've spoken to, the more that I think about how impactful
• 28:50
  the way our parents demonstrate money and saving and everything, like the fact that you
• 28:54
  had that from such a young age, you found something that worked for you.
• 28:58
  Like that worked for you.
• 28:59
  So putting your money out of sight, out of mind is what has helped you.
• 29:03
  And I think that unless you've tried different things, like you might have tried saving
• 29:08
  and never been able to get past five grand.
• 29:11
  Maybe you need to try this.
• 29:12
  Like maybe this is a tactic that you could use.
• 29:14
  But I just think it's like you have to be willing to like trick your brain and trick
• 29:18
  the system.
• 29:19
  And like, because it is, because I think as soon as you think I've got money there, because
• 29:22
  it happened to me with my Shizu's account, that always talks about investing, like invest,
• 29:27
  put it away.
• 29:28
  Don't think about it.
• 29:29
  It's there till you're 60.
• 29:30
  Yeah.
• 29:31
  And I was like, cool, great.
• 29:32
  And I'm such an extreme person, right?
• 29:33
  So I'm like, sweet.
• 29:34
  It's gone.
• 29:35
  I'm not touching until I'm 60.
• 29:36
  And then one time I was like to her, I had a full mount down, had no money to pay for
• 29:42
  like a bus.
• 29:43
  Like it was like quite bad.
• 29:44
  And she was like, what's in your Shizu's account?
• 29:45
  And I showed her.
• 29:46
  And there was like nearly 20 grand in there.
• 29:47
  And she was like, what are you so stressed about?
• 29:49
  Like, you've got money.
• 29:50
  Take it out.
• 29:51
  But like because psychologically for me, I'd been like, this is a no touch zone.
• 29:55
  It really worked.
• 29:56
  But then as soon as I open the flood gates, how much drive my Shizu's now, like less than
• 30:01
  five grand.
• 30:02
  So I think it's like, there is something amazing about being like, there's no way I can
• 30:07
  touch this.
• 30:09
  It's just the way it is.
• 30:10
  I think if you're tricking yourself and like, you can see it every time you open your
• 30:13
  banking app, it's not very helpful because you think you've got it and it's like, you
• 30:18
  can touch it.
• 30:19
  And I also sit for anyone and I'm sure people who listen to your podcast, that they've
• 30:24
  got their heads screwed on.
• 30:25
  But I have so many peers that they put money in savings, but they like put all their
• 30:30
  money in savings and constantly have to dip into it because they haven't given themselves
• 30:34
  enough money to live between pay because they just go, oh, I'll just put it all in.
• 30:38
  And I'm like, don't do that.
• 30:39
  Like just put in enough money that you won't notice it.
• 30:42
  You know what I mean?
• 30:43
  You can live without it.
• 30:44
  Don't put all your money.
• 30:45
  Don't put like a grand over in a week and then have to take my back and I'll always
• 30:49
  do this.
• 30:50
  You know what I mean?
• 30:51
  Because you feel like a failure.
• 30:52
  There I go again, pulling it out.
• 30:54
  Whereas if you just took, if you know you can afford to put 200 over, then let it just
• 30:57
  be the 200.
• 30:58
  And then you never have to touch it.
• 31:00
  And I think that was a few things that I've told my mates and they're like, oh, dear,
• 31:04
  I didn't sit it to my man.
• 31:05
  I said, don't transfer all your money over.
• 31:07
  Like your spending doesn't have to go down to zero.
• 31:10
  I think that the how to split your pay is maybe the most game changer thing that I learned.
• 31:17
  Like learning how to split my pay and how to get my wants, needs, and then the surplus
• 31:21
  to invest or like save has honestly changed my life.
• 31:24
  I didn't do the like separate account thing until maybe six months ago.
• 31:30
  So I just had a spending, a savings, like an extra tax account for tax bills, business
• 31:36
  account.
• 31:37
  And that was kind of it.
• 31:38
  Oh, and then my key was saved around like it and like I had a term deposit as well.
• 31:42
  But it wasn't overly complicated.
• 31:44
  But now I've got a food groceries account, bills account.
• 31:47
  And it's only like maybe two or three extra accounts, so much better.
• 31:51
  Because like even like food and groceries, I, I don't know, I'm a social girl.
• 31:55
  I live in Auckland.
• 31:56
  I love Marche.
• 31:57
  I'm like, I'm the girl.
• 31:58
  Me too.
• 31:59
  And I like culture.
• 32:00
  You live in Auckland for 10 years.
• 32:01
  It changes you.
• 32:02
  I will spend 11 hours on a Marche.
• 32:03
  And I will not care about it.
• 32:04
  But now I actually can see how many times I buy in the Marche and go, okay, so like I've
• 32:10
  kind of taught myself that if I put over this money for my groceries in food every week,
• 32:14
  I have to act like that's all I've got for the two weeks.
• 32:17
  And I've honestly put, I've never spent it all, never am I, and my whole time I've started
• 32:22
  doing that.
• 32:23
  And it's like, oh, that's so much better to do it, to do that than just sit there spinning
• 32:27
  out and you're spinning account and having no idea how much.
• 32:29
  I was so alone by, there was this one like two week period, wait, obviously just gone
• 32:33
  to dinner with mates like twice and gone here and then ended up at this event for work.
• 32:38
  And I spent so much money.
• 32:39
  And I was like, oh my god, that was on nothing.
• 32:41
  Long enough for three weeks.
• 32:42
  Literally.
• 32:43
  That was on nothing.
• 32:44
  I remember what I spent it on.
• 32:45
  I reckon the killer is firstly alcohol and secondly going out for dinner.
• 32:50
  It is so expensive to go for dinner now.
• 32:53
  Like I just have to say no, I have to say sorry, no, or I eat before.
• 32:57
  I'm much on some, I don't know, eggs on toast at home and I'll go and have a soda water
• 33:01
  and bitters or something.
• 33:02
  Like because for me, I just like don't, there's some things I've realised I don't value
• 33:07
  and spending money twice a week on a dinner out, not the one, just doesn't bring me enough
• 33:12
  joy.
• 33:13
  And have had this discussion about like trying new places and we will rents a place.
• 33:18
  So like if we have a favourite cafe, that is our favourite cafe and we will go there.
• 33:22
  Here are all my savings.
• 33:23
  Once every, once a week or once every two weeks, that's our spot.
• 33:27
  And people always say like, don't you get bored of the same food?
• 33:29
  I'm like, no, because it's always good and I hate spending my money on ship food.
• 33:33
  Like if I'm going to do it and I go somewhere that's disappointing, I'm so off it.
• 33:37
  Like I'm grumpy.
• 33:38
  Same actually.
• 33:39
  So I get what you mean.
• 33:40
  But like if I've got a favourite spot, I'm there.
• 33:42
  Do you know what I did the other day, I bought a toasty and it was like the most random
• 33:46
  combination of things.
• 33:47
  It was like blue cheese, chutney, I can't even remember what else was in it.
• 33:51
  But anyway, they gave it to me and it was like an absurd amount and I really sat there
• 33:54
  for ages being like, do I buy the fruit and the music up or do I go for this delicious
• 33:59
  looking kind of bougie sandwich?
• 34:00
  And I thought, you know what, there's vegetables in this so I'm going to go for the sandwich.
• 34:05
  And it was like, I don't know, $19.20 or something and it came and I was trying to eat it and
• 34:10
  it was falling everywhere and like all dripping and like just like not a pleasant experience.
• 34:16
  And I was like, ask them, I was like, do you mind like reheating this?
• 34:18
  Like it's all soggy on the bottom.
• 34:19
  I didn't say I like that rudely.
• 34:20
  And I said, do you mind just like heating it up again?
• 34:22
  Because I thought maybe it'd be easier to eat.
• 34:25
  And then they brought me back and I was just as disastrous, sorry, such a random story.
• 34:29
  But the point is I was like, oh really annoys me that I spent money on that.
• 34:33
  Like I'm not going to go complain.
• 34:34
  This is my own fault for choosing this.
• 34:35
  But I was gutted.
• 34:36
  I was like, that's just such a waste of money.
• 34:39
  I'm not enjoying this.
• 34:40
  I'm not enjoying this.
• 34:41
  Like I'll just go, now I'm a little bit pickish, I'll just grab that and it's not good.
• 34:46
  And I'm like, what did I do that?
• 34:47
  Like what did I do that?
• 34:48
  It's not the one.
• 34:49
  Also, going to the same places again and again means you can't know how much you're going
• 34:52
  to spend.
• 34:53
  And I do think that now that we're kind of in the world of like their subscriptions, you
• 34:57
  might use class pass for your exercise, you might use this and that.
• 35:00
  As soon as you know the amount that you spend on things, it makes it so much less admin
• 35:06
  to plan.
• 35:07
  And I want to say I may as well have a subscription in that cafe because I go every week.
• 35:10
  Do you think that, because you've spoken quite openly about reconnecting with your culture
• 35:15
  and your identity over the last sort of like five or so years, how has that changed the
• 35:21
  way that you approach money and wealth building?
• 35:24
  Like do you think that it's changed the way that you think about how you're preparing
• 35:28
  for your future?
• 35:29
  Yeah, I think so.
• 35:31
  And I also like, I follow this amazing page that's really inspired me through my money
• 35:35
  journey too.
• 35:36
  Have you ever heard of Hidden Figures?
• 35:37
  Yes.
• 35:38
  Oh, they're amazing.
• 35:40
  And they sort of sit in anonymity, so you don't know who they are.
• 35:45
  But the way they talk about their different buckets and funds and their investments and
• 35:50
  things like that.
• 35:51
  And a really open way that I don't think a lot of Marty talk about, I kind of take my
• 35:56
  head off to them and I've been like, that's made me want to talk about it more.
• 35:59
  I did a little bit of a podcast series a couple years ago and it was based around like
• 36:04
  some finances and things like that.
• 36:05
  Not trying to cut your lunch girl.
• 36:06
  No, I'm quite fresh.
• 36:07
  But it was just like a little sort of season of something we did with a sponsor.
• 36:13
  I feel like I remember this.
• 36:16
  And I don't get me wrong.
• 36:17
  We talked just a really cool people across the two seasons that I did it.
• 36:22
  But my real issue, what was it an issue?
• 36:24
  It's just I really wanted to have a more diverse set of stories and I was really trying
• 36:30
  to push on like where are our Marty and Pacifica faces in this space, talking really openly
• 36:36
  how they really came from this zero to where they're at now.
• 36:40
  And that's not like a complete financial freedom.
• 36:43
  It necessarily but a comfortable and I think, because I wasn't hearing enough of those
• 36:49
  stories or seeing enough of those stories, that's what, and I think me being becoming
• 36:53
  and more and more every day are more parts of Marty and so on, it's a fan of her.
• 36:58
  I'm like, I want to be someone who is standing on my own land, you know, trying to make
• 37:03
  the best of the situation of like what we get handed every day, do you know what I mean?
• 37:08
  And that's not to say I'm any less privileged than the next person like, like I've said,
• 37:12
  I've had a really good life.
• 37:13
  But like when I hear the story of how my mum grew up and she really did come from nothing
• 37:18
  and has able to build a really cool life with my dad, that inspires me.
• 37:22
  And like I just think how cool is that for as a Marty woman who grew up with absolutely
• 37:26
  nothing really.
• 37:27
  And in a household that like they didn't get much at all, single, single income, no relationship
• 37:32
  with one of the parents and like really they just did it over their back on the backs of nothing.
• 37:37
  So I think when you're able to join inspiration from those kind of stories, especially Marty's
• 37:42
  stories, it makes me want to be hopefully someone else's like Marty's story that they can
• 37:46
  experience.
• 37:47
  And it's really interesting because earlier in this conversation we were like, oh, like I don't
• 37:51
  know any everything or like, oh, you know, like because it is such a natural inclination to
• 37:55
  want to try and like the humbleness of New Zealanders is beautiful and also problematic in a lot
• 38:02
  of ways because I'm also absolutely not got my shit sorted.
• 38:05
  But it's the same thing I've learned from other people sharing and I think that the problem is
• 38:11
  with a lot of us thinking like, oh, well, I'm not an expert, so I shouldn't speak on this.
• 38:15
  It's just doing more of the gatekeeping, which is really annoying for people who are doing
• 38:20
  their best to try and learn.
• 38:21
  And so I think the more that we can share, I mean, obviously disclaimer, not a financial advisor,
• 38:26
  but we all learn little things from each other.
• 38:30
  And you don't have to be a financial expert to say like, oh, I put all my money in a totally
• 38:34
  separate bank and actually I give it to my parents when I'm saving, like genius.
• 38:37
  So we saw many people that are like, cool, I'll try that.
• 38:40
  Yeah.
• 38:40
  And like I know there's some people going like, oh, you know, what book did you read?
• 38:44
  And like I said earlier, like I never, I haven't read any books like that.
• 38:48
  But I love, I nowadays though, I love getting on TikTok and seeing what different people say.
• 38:53
  And I don't necessarily agree with it all the time, but I like to hear as much.
• 38:56
  It's like when you vote for a, like when you're voting, right?
• 38:59
  I think it's really important that you have a little lesson or or or take an information from
• 39:04
  every single party you could vote for.
• 39:06
  So you make the most informed choice for what you want to do.
• 39:09
  And I think it's the same when you're making choices with your money.
• 39:12
  Listen to a lot of different information, see what resonates with you,
• 39:15
  and then you can make a choice or a plan.
• 39:17
  And it might be bits of all sorts of different things, but something that'll work for you.
• 39:22
  I reckon that's an amazing piece of advice because
• 39:25
  and it all it comes down to is having the confidence to ask a question.
• 39:29
  Yeah.
• 39:29
  But I think asking questions don't be scared to.
• 39:31
  There's no dumb question, especially when it comes to money.
• 39:33
  Because also it's not like intelligence.
• 39:36
  No.
• 39:36
  It's not at all intelligence.
• 39:38
  The only reason that I have turned around, what was a totally diet financial situation for myself.
• 39:43
  To now, I've still got a long way to go, but it's purely from being curious
• 39:47
  and surrounding myself with people that are open to sharing their knowledge.
• 39:51
  Oh, literally.
• 39:51
  And I think if you sit around people that you want,
• 39:54
  you want to be around people that are where you want to be.
• 39:58
  Someday, I think it's really important to surround yourself with people that have
• 40:01
  really good habits that maybe you're a little jealous of or maybe you want to try.
• 40:06
  I think that's really cool too.
• 40:08
  Oh, hanging out with like, I know that in my industry, I'm really fortunate that I've
• 40:12
  I've got friends that are like 10, 15 years older than me.
• 40:15
  And I think being able to see it like in my future sort of through them,
• 40:19
  it's really easy to find guidance in them.
• 40:22
  That's actually where I wanted to go to next.
• 40:23
  Like you're a public figure.
• 40:25
  You've got a lot of people that listen to what you have to say every morning,
• 40:28
  which is such a privilege place to be in, right?
• 40:31
  And then there's the other side of that, which is social media.
• 40:35
  How have you managed to stay in a place where you're sharing and open about things you've learned?
• 40:42
  Staying authentic in terms of like in your own lane.
• 40:45
  Like I heard something the other day and I was like, if you were on the motorway,
• 40:48
  would you follow a car if it just got off at like the exit five exits before you're
• 40:53
  planning on getting off?
• 40:54
  No, you're going to follow and go in the same direction that you've decided to drive.
• 40:57
  You know, like don't get distracted.
• 40:58
  But how have you got to a place or maybe it's still a work on where you're able to be authentic
• 41:05
  and honest and open but also not get distracted or jealous or anything about the people that are
• 41:11
  in a different place to you?
• 41:14
  That's, I reckon that journey's a little bit linear.
• 41:16
  Like it's not like I'm healed, I'm sick, so I'm not comparing anymore because I think
• 41:20
  naturally on social media because we just have access to so much.
• 41:24
  It's hard to not compare yourself.
• 41:27
  I think me and my boyfriend have been trying to give me, like we went on a walk yesterday
• 41:32
  and I just said to him, I was like, we were walking past all these beautiful homes and take a
• 41:35
  cup of water on the North Shore and we always go, one day, one day.
• 41:38
  And I think I said to him, I said, I need to just keep reminding myself that
• 41:43
  the what we've just done was my dream for like the last 10 years, at least.
• 41:48
  Or let's say since I was a kid, everyone wants to buy a home one day, the white pick of
• 41:52
  fence dream, or that was my dream anyway.
• 41:55
  And I said, we have just achieved something massive that I have been dreaming of ever since
• 42:00
  I can remember. So I need to not do the like one one day when it already that day's here,
• 42:05
  like that that dream has already been achieved. I think online, I love being open and
• 42:11
  and authentic, but I think the sometimes the bigger your platform gets, the more susceptible you
• 42:16
  are to judgment, opinions and it can be it can be hard and it's easy to start to then shut off.
• 42:21
  But I think I just need to know like sometimes I'll sit there and get jealous over something that
• 42:26
  not even my goal. Like I will see same. You know what I mean? Do you know what I did the other day?
• 42:31
  I had chosen not to go to a party on Friday night and with a friend to Mission Bay, we had burgers
• 42:37
  on the beach. It was the dream and I got home and I thought that was my perfect night.
• 42:41
  Didn't have any alcohol. I was stoked. The next day someone's talking about how they went to the
• 42:45
  party and it was really fun. And I went down the spiral of like, oh, I should have gone to the
• 42:51
  party and I was like, no, I was wrong. I posted a text talk about it one time, like I'll sit there
• 42:54
  and I'm working toward my goals. And then I see someone with a jet ski and I go,
• 43:00
  oh, that'll be me. I've never wanted a jet ski in my life, but I look at it and I go, so I get
• 43:04
  caught in it all the time. And sometimes I think I'm like, oh, wow, that's beautiful. And then I
• 43:08
  remember that couple that I'm looking at are both professional athletes and, you know,
• 43:13
  everyone's into New Zealand. And I'm like, I can't be sitting there jealous of their beautiful
• 43:17
  home. I don't, I'm not in the same pay bracket as them. It's like taking just relax. Bring it back,
• 43:22
  bring it back to where you're at. That wasn't your goal. This is your goal, you know? So I
• 43:26
  mean, you just have to react to your focus. Yes, you just got to stay in your lane. You know,
• 43:30
  you know what you want. You're not wanting all those flashy things. You're just wanting to
• 43:34
  achieve the thing that is within your reach. And let's not say you can't reach for the stars,
• 43:38
  but like, I'm just like, relax. Like, I don't need a jet ski. And so where you are now, also
• 43:43
  whether I have her jets, there's a really bad investment. That makes me feel way better.
• 43:48
  It's appreciating as soon. Yeah. Let's not bother with that one. Yeah. But so like, now you've
• 43:52
  bought your house, which is just incredible. And you're now like sweet. Here we are. Yeah.
• 43:57
  If you were looking at where you are now, and being super proud of what you've achieved,
• 44:01
  but at the same time, still always having a growth mindset, which is what I'm getting from you in
• 44:05
  general. What, what would that kind of like, I don't know, I guess next sort of three to five years
• 44:10
  look like for you. I think it's definitely without saying like, I definitely want to try pay the
• 44:17
  mortgage as fast as I can. Not in a sense that I'm giving up on a life, but I think I want to make
• 44:23
  really, I don't want to just be sitting on a minimum payment for the next 30 years. I think we
• 44:27
  want to try and make some really conscious efforts to get it to a place where it becomes more
• 44:31
  comfortable in the next few years. I think an investment property at some point would be awesome.
• 44:35
  I don't know where that sits if that's a five to 10 year goal, potentially if we decide to have
• 44:41
  kids in the next five years too. So that is kind of all writing on that. I think I definitely would
• 44:46
  like to diversify. I've sort of had some chats with some peers that sort of go to some different
• 44:51
  advisors and basically they just give them their money and they let the money do its thing,
• 44:55
  which is a crazy thing for someone who has a scarcity mindset to kind of wrap her head around.
• 45:00
  But I'd like to look into those spaces, but now there's not like a super tangible goal. I think
• 45:04
  an investment property is definitely in the next 10 years, which would be awesome. And just
• 45:09
  setting ourselves up to a point where the, and the whole point of the house is some people think
• 45:13
  that's a really, it is a risk investment, 100%. But I just go, I've got money now. How can my
• 45:19
  money make money? And at that point, the most practical option for us was the house, a house,
• 45:25
  because we've now got an investment and hopefully it'll set us up for retirement one day.
• 45:29
  Whatever. But also we can live in it and enjoy it. And so it was kind of the best of both worlds.
• 45:35
  So I think it's probably the financial goals are almost the learning more about finances in a way
• 45:41
  that I haven't looked at before and being prepared to take some risks. Maybe. I don't know.
• 45:46
  No, I think it's such a good answer though. Yeah, not shutting, like just because I did the goal,
• 45:51
  it doesn't mean I'm shut off and I'm done now. Like there's like, say growth mindset,
• 45:55
  there's still more to be done. Like what else can we do? And maybe it's, maybe it's in a personal way,
• 46:00
  like obviously me as a broadcaster, I'm trying to look at myself as a business now. And I,
• 46:06
  and I have been doing that over the last couple of years, but how can I grow that? How can I
• 46:11
  grow myself as a business? I've seen some of my peers do it and what they've been able to do,
• 46:15
  like a friend of mine, Brody, she works for herself and she works on her own and she, the opportunities
• 46:22
  that come her way are incredible. And it's because of this like grind that she's put in for the
• 46:27
  last 10, 15 years that she's now gotten herself to a point where she's living a really comfortable
• 46:31
  life. She like pays her mortgage, she goes and travels. Like right now, I think she's over in
• 46:36
  Noosa doing a really cool campaign with a company. And I'm just like, see, that's where it's at.
• 46:42
  Like when you get to live your life while doing your job. Well, I think also it's like
• 46:47
  almost having more autonomy. Maybe this is a personal experience. That's a great word.
• 46:51
  Like actually, more autonomy about how you bring in money. How and where that money comes from.
• 46:56
  And having the ability to go, I need to sleep in today or having the ability to, and I think that's
• 47:03
  rich to me. Rich to me is canceling your meetings because you actually just need it into a
• 47:08
  health day or being able to start late today or giving yourself the four day weekend that you
• 47:13
  deserve. I think that's the the rich I want. Or that's the wealth I want I should say. The
• 47:18
  wealth of time. All I would like to say to you is that as soon as you start working for yourself,
• 47:23
  you're like, I don't need to sleep actually. Do you know what? I'll be fine. I don't worry about it.
• 47:30
  Like you do think that I think it's right. It kind of is in the same way similar to I guess how
• 47:35
  anyone deals with their personal finances. It's like, what is success? And like really defining
• 47:40
  that and not always grasping for more because I think it's a sticky downward spiral to constantly
• 47:47
  be like, well, I've got one house and I want five more. But I think when it comes to working for
• 47:52
  yourself because there's like how long is a piece of string like I can work so hard for myself.
• 47:59
  Really like being tangible about what you want financially so that you're not just working
• 48:04
  for over in a day with no concept as to like, when is enough because you're right. The true
• 48:11
  richness is being able to spend time with friends and family. Yeah, it's being able to
• 48:17
  make your own schedule and that is like, that's the goal. Totally. That's the goal. And I'm also
• 48:22
  like to my man, I'm like, got any business ideas, but surely, surely we can do something. So we know
• 48:26
  we are kickstarting your next idea. Yeah, literally. Oh my god, Tegan, thank you so much for being on
• 48:32
  the podcast. It was so cool to meet you and I'm really excited to see where you go to next career-wise
• 48:37
  financially. Keep in touch with any new hot tips you get like saving invest in tips. Yeah.
• 48:42
  Yeah, and let me know if you have a house party. Oh, you're true. House party.
• 48:48
  Did you love the surface? Yes. Have you got property,
• 48:53
  brunch and center in your mind? Yes. So I was like, you're a five-year-old.
• 48:58
  Now could be the time to take the first step towards what it is that you're wanting to buy. Whether
• 49:03
  that's your first home, whether that's a new flat, whether it's, I don't know, buying another
• 49:08
  investment property. And thankfully, BNZ has the expertise and tools to help you get started
• 49:14
  and their home loan partners are ready whenever you are. You can book an appointment, you can ask
• 49:20
  millions of questions. Trust me, that is totally fine. And you can start turning the property
• 49:25
  dream that you have into a plan and hopefully soon into a reality. I know from experience that
• 49:31
  this can feel quite overwhelming, but when you're working with experts who can actually help you
• 49:34
  get there, it's such a burden of your shoulders. Know that you've got the advice and the tools
• 49:40
  that you need to actually make it happen. We know how hard it can feel and like overwhelming and just,
• 49:47
  you know, so like a fish out of water when it comes to buying properties. So we're so thankful to
• 49:53
  BNZ to be helping us create and empower this podcast so that people can learn and we just want
• 50:00
  you all to succeed. We want you all to succeed. We're all in your corner and this is going to be
• 50:05
  such a game changing property podcast series. Yes. And for anyone that has gone through the process
• 50:11
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• 50:15
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• 50:31
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• 50:35
  financial advisors. Our platform exists for educational purposes only and it doesn't provide
• 50:40
  personalized investing advice for your individual needs and should not be relied upon to make
• 50:44
  an investment or financial decision and always remember to do your own research before making
• 50:49
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• 50:53
  final call is always yours. And thanks for being here. You got this. Yeah we know you got this.