Mm

... decisions, I'm not an engineer, I'm a creative by background, so for me to get my brain even thinking this way, I probably meet people halfway going they're all doing this for the first time.

You're probably gonna do this I don't know how many times in your life.

Let's make it enjoyable, and I'd say the outcomes we're looking for is confidence and clarity.

What are we doing and why are we doing it? And that then starts to unlock that, and then when people come to us with a very articulated game plan or a strategy on what they're trying to achieve, "I wanna pay my home off in X years, I want X passive income, I wanna leave something for the kids, retirement by this date," for example, you and I are going, "We love it.

We can work with that, 'cause now we can reverse engineer a plan." And this pur- this purchase w- one of many to come your way.

No one saw the budget coming, no one saw COVID coming, no one sees these rate rises coming.

We're gonna have to take a break there and then I wanna come back and talk about serviceability.

Okay.

I see this all the time.

Like you mentioned there around pepper at 8%.

Yeah, man, but pepper 8% got you that asset that then increased in value.

You can easily just refinance that to CBA a year or two later.

Right.

And it's like, you just have to date the rate.

Procrastination has cost us a lot of money.

What was going through your mind back then? That's

probably the same thing I have now, mate.

Bit of a, I've got an overinflated sense of self perhaps.

Um, Look, when was that? It's over 12 years ago now.

So, you know, early 30s, newly married and my wife Bernadette, you know, she's, I feel I'm very fortunate to have married well and she believed in me.

She's like, look, man, you could say it's CBA in corporate, but I don't think it's going to get you, you know, the satisfaction that you want long term.

And don't get me wrong, I loved, at the time I loved working at the bank.

What did that look like? What were you doing? What were the lessons learned? Everything was a lesson,