money money money 826 money in your 20's (& tips for late teens)
Jun 30, 2025
John Pidgeon, co-host of the This Is Property podcast, and Rachelle Croon, from Sphere Home Loans, share their expertise on financial habits for young adults. They discuss essential money foundations, the balance between enjoying life and planning for the future, and the importance of setting saving goals. Personal stories enrich their insights on mental health and budgeting while navigating career paths. Listeners are encouraged to reflect on educational choices and cultivate independence for a secure financial future.
AI Snips
Chapters
Books
Transcript
Episode notes
Wild Money Habits in 20s
- John Pidgeon admits he was pretty wild with money in his 20s, spending without much thought.
- Glen James reflects that poor mental health impacted his money habits and relationships during the same time.
Avoid Consumer Debt and Separate Accounts
- Avoid consumer debt like credit cards and buy now, pay later, as they accumulate unnecessary financial burden.
- Manage money through multiple bank accounts to separate expenses, savings, and bills for better control.
Get Income Protection Insurance
- Get income protection insurance once working full-time to secure earnings against accidents or illness.
- Embed income insurance costs into your regular budget for long-term financial safety.