Mo Money #440 Money diaries: Upgrading from an apartment to Sydney dream home w. Arani
Mar 5, 2025
In this episode, a guest shares her journey from apartment living to owning her dream home in Sydney. She discusses innovative financial strategies that helped her enter the property market and grow her investments. The conversation emphasizes the importance of aligning finances with a partner to optimize opportunities. Listeners gain insights into budgeting tools and the necessity of a supportive financial network. The speakers reflect on the emotional and practical challenges of upgrading homes, showcasing teamwork and confidence in financial decisions.
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Sydney Property Journey
- Arani and Eric, both ex-investment bankers, bought their first apartment before COVID after improving their saving habits.
- They recently upgraded to a house with a "patch of grass" in Sydney after having their daughter.
Early Financial Planning
- Get a financial advisor to help identify and achieve your financial goals.
- Set up investment bonds as a form of forced savings, even if you're unsure about future plans like having kids.
Seeking Expert Help
- Even financially savvy individuals can struggle with personal finances.
- Seek advice when you feel lost or not maximizing your financial potential.