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Speaker 1: This is the Fits In with Kate Richie podcast.

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Speaker 2: I want to talk about this amazing kid eighteen years

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Speaker 2: old has just bought his first.

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Speaker 3: House at the edge of eighteen.

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Speaker 2: Function eighteen years.

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Speaker 3: Old at least got help from mom and dad. Are

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Speaker 3: you always see these stories on real estate dot Com

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Speaker 3: where there's some young kid has got four houses, but

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Speaker 3: his dad, Bill Gates he doesn't know that he's old.

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Speaker 2: Apparently not. Apparently he did it all himself. I mean

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Speaker 2: I was just reading that my oldest son is nearly eighteen.

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Speaker 3: I mean, you're about to join the property game.

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Speaker 2: Leo, absolutely not. The last notification I got was Leo

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Speaker 2: will be home in four minutes. His uber's just pulling

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Speaker 2: into McDonald's.

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Speaker 3: So how did this guy get his money to buy

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Speaker 3: a house at the age of eighteen?

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Speaker 2: He saved it. Have you heard of that concept? I haven't, No,

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Speaker 2: My kids haven't. No. It comes I'm very good at

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Speaker 2: that stuff, and then you get rid of it for

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Speaker 2: the next one. Exactly, it's a race to see how

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Speaker 2: quickly you can get back down to zero. When I

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Speaker 2: was just thinking, God, when I was eighteen, you know what,

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Speaker 2: the likelihood of me being able to do that was zero?

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Speaker 2: I'll forget why. When I was eighteen, I was excited

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Speaker 2: by a new cartoon for grown ups was called The Simpsons.

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Speaker 3: Oh yes, I.

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Speaker 2: Left for school.

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Speaker 3: Never seen an episode Christmas the Simpson No.

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Speaker 1: Heard all the catchphrases.

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Speaker 3: Yeah, you can't avoid it hates people.

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Speaker 2: I'd finished year twelve, As you know, most people who

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Speaker 2: are eighteen have just done excellent. And I didn't know.

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Speaker 2: I had no idea what to do after school, and

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Speaker 2: I sort of stuffed up my scores and stuff. But

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Speaker 2: I thought I liked to talk and I like to listen.

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Speaker 2: I reckon I could be a psychologist. So I said

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Speaker 2: to missus Borg, the Chris counselor, I want to do

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Speaker 2: something like that. Anyway, I got in. Obviously they were

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Speaker 2: sick and so were taking anybody, and so I was

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Speaker 2: excited about that and I started, and then I realized,

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Speaker 2: I was like, this is hard. I'm doing a lot

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Speaker 2: of statistics and talking about quantitative research. And then I

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Speaker 2: looked at the actual qualification me. I had enrolled in

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Speaker 2: a Bachelor of Science.

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Speaker 3: Oh my god, when really.

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Speaker 2: I spent the rest of the first semester sitting in

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Speaker 2: my car, willing myself to go to another class. Eventually

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Speaker 2: I didn't, and I started working as a chicken stringer

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Speaker 2: at the local deli much supermarket Delhi much better.

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Speaker 3: Well, it's an injection of cash, that's the other thing

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Speaker 3: as well.

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Speaker 1: There's no course you can do for Christ's clickbait either.

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Speaker 2: No, absolutely not. It's a god given gift. I would

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Speaker 2: spend my time at home or my best friends place

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Speaker 2: listening to more than Words by Extreme O.

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Speaker 3: What a song Liver?

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Speaker 2: And then when I got tired of that sort of

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Speaker 2: acoustic drum bashing, I'd rip out three Am Eternal by

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Speaker 2: the Kaltha. Wow.

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Speaker 1: You would have had a pair of roller blades as well.

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Speaker 2: I did. Actually, I spend my Saturday nights watching Hey Hey,

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Speaker 2: It's Saturday at home, and I never missed Rosanne or

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Speaker 2: Murphy Brown. Occasionally I would pack my doner into aforementioned

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Speaker 2: Dihatsu charade and head to a movie marathon featuring Silence

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Speaker 2: of the Lambs, into Sleeping with the Enemy, into city Slickers,

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Speaker 2: O city slickers. Looking back, I probably could have afforded

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Speaker 2: a house at eighteen if I didn't blow all my

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Speaker 2: money on hypercolored T shirts and oakly t shirts And

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Speaker 2: do you do a runners? And let's face it, Peter

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Speaker 2: Jackson cities that came in packs of fifteen. Do you

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Speaker 2: remember that you still see pants?

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Speaker 1: Remember I blew it all?

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Speaker 3: Remember hypercolor T shirts and Mum used to wash them

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Speaker 3: in hot water. And then there was stuff they never

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Speaker 3: worked to get after that.

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Speaker 1: That's probably because it was another fake.

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Speaker 2: Let's talk to Nicole in Penrith.

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Speaker 3: Nikki you saying that you bought a house.

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Speaker 1: At the age of eighteen, Yes, I did.

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Speaker 3: How the hell did you do that?

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Speaker 1: Lots of savings, yeh, like, lots of lots of saving.

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Speaker 1: Like we were working like quite young, so as soon

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Speaker 1: as we sort of got a job, we were sort

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Speaker 1: of just saving and saving and saving and saving. Not

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Speaker 1: a lot of going out and stuff like that. And

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Speaker 1: then yes, and if the time came, we had a

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Speaker 1: deposit ready to go and yeah, which we supported.

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Speaker 3: There's a there's a there's a bit of a double

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Speaker 3: ed short here for me though, in a coor. And

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Speaker 3: this is an amazing effort. You bought a house early,

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Speaker 3: and you've done very very well because now would have

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Speaker 3: gone up and you've made a lot of money from it,

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Speaker 3: which is great. But do you feel like you've missed

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Speaker 3: out on some of your youth, nicole boy not going

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Speaker 3: out and staying at home.

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Speaker 1: Ah not really, No, No, I don't think so. No,

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Speaker 1: I feel like I actually feel bad for the people

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Speaker 1: that are the age of they are now trying to

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Speaker 1: get into the market.

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Speaker 3: Yeah.

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Speaker 2: Sure, Oh it's impossible. I'm in awe of you and

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Speaker 2: this achievement. I just like, I'm absolutely blown away. And

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Speaker 2: I don't want you to think I'm being facetious here,

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Speaker 2: but I'm coming from a place of no knowledge, and

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Speaker 2: you are obviously like Yoda of banks. How how do

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Speaker 2: you say.

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Speaker 1: How? Well, actually, you earn a wage. Yeah, you just

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Speaker 1: take a portion of that and you save it, you

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Speaker 1: put it away and you don't touch it. And then

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Speaker 1: obviously you don't take everything. So let's say you earned

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Speaker 1: don't I'll say you earned five hundred bucks, right, so

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Speaker 1: you pay half of that and you put it away

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Speaker 1: and the other part is what you used to spend on,

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Speaker 1: so like utilities and things like that. So if you

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Speaker 1: is what if.

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Speaker 2: Hitters of Kensington have a clearance sale, you just got

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Speaker 2: to get that money out and buy some pots.

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Speaker 1: No so no, no, so you look at snavings if

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Speaker 1: you can't.

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Speaker 3: Touch it, So no budgeting through roots.

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Speaker 1: No, that comes in your every day weekly stuff. So

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Speaker 1: like you get away use money, you don't use money,

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Speaker 1: you don't touch I don't get it.

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Speaker 3: You don't get it. I don't think you start well.

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Speaker 1: For me.

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Speaker 3: I didn't start saving. I reckon until mid twenties, mid

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Speaker 3: twenties like you would, I would. I would spend my

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Speaker 3: pay every week and then I would then have weeks

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Speaker 3: where on a day or two left before I got

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Speaker 3: paid again, I had nothing in the bank. But you

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Speaker 3: know what, you look back now with the times of

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Speaker 3: your life, like it's there.

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Speaker 2: Was no question. It's a really serious question. This savings

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Speaker 2: account that you're putting money into, Fits and Nicole, do

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Speaker 2: you just watch it get bigger and bigger? And do

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Speaker 2: you have a like a do you have a goal?

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Speaker 2: Have you opened that account because you want to buy

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Speaker 2: a house or a horse or whatever.

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Speaker 1: Yes, essentially it's a goal of account. It's not it's

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Speaker 1: an account that you just put money into to stay

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Speaker 1: for something. So whether it be a car, house, a bag,

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Speaker 1: whatever like whatever it.

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Speaker 2: Is that you want, revolutionary should try this.

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Speaker 1: Actually have that money.

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Speaker 3: It's I mean the god to have that kind of

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Speaker 3: power and that will power to do that. I commend

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Speaker 3: Nicole and her partner for doing that and it is extraordinary.

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Speaker 2: Good on you.

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Speaker 1: That's why sometimes a side hustle, That's why Tommy's got

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Speaker 1: his only fans page subscribe fits in.

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Speaker 3: Whipper with Kate Ritchie is a Nova podcast to walk

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Speaker 3: great shows like this.

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Speaker 1: Download the Nova Player via the App Store or Google Play.

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