Chris Bates

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1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

I did that in my 20s as well.

And haven't been focused on savings because they just haven't had that goal, right?

Sometimes they do take a shift and all of a sudden they've gone from, you know, no savings to a hundred grand to, you know, et cetera.

And COVID has done that a lot because people come out and spend, you know, things on consumables, travel and cafes and all these sort of things.

And so, yeah.

I do think that even though if you haven't got a great savings record in the past, things can shift pretty fast.

And owning a property sometimes forces people to take ownership because they know there's a mortgage to pay.

And so we have seen people who have really shifted dramatically, even though they've gone in with a small deposit.

And, you know, maybe 12 months ago, they didn't have a deposit.

Yeah.

So it's an interesting one.

So it's really difficult to advise singles.

You know, a lot of brokers will help singles, for example.

And it's hard because life changes, right?

When you're in a couple and you plan, you know, you go from one income to the two income, there's like a goal, a vision of your future.

And so in that situation, if you've got a couple 26 and they go, look, we want to buy a house before I'm 30, you know, maybe it's, maybe it's a lifestyle time thing as well.

We want to get married, have kids, et cetera.

um and you know they've got you know there are saving i think at this stage it's an opportunity especially in your 20s to really be focusing on your your career make a something you're passionate about but trying to increase your income because that's going to give you the ability to save more and once you can save more then you start to compound and it starts to snowball so if i was sort of them i mean a four-year runway is also for having invested in shares in the past um

It's, you know, looking at where markets are, all this sort of stuff, not about timing markets, but you just got to be very careful investing in shares over a short runway, right?

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