Patti

speaker

250 appearances 1 recordings 1 series first heard May 2022 last heard May 2022

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

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Australian Finance Podcast · Patti’s Story: Moving countries & paying off $150k in student loans · 5 May 2022 podcast

If I can live below my means, I can keep going with that.

So I bought a property in Melbourne and I bought way below my borrowing capacity because I just, the idea of going into debt again, I'm not going to lie, freaks me out.

I just felt like, oh, I just took the chains off, it's gonna come back on, okay.

Like, I'm not gonna lie, that was really my feeling.

I know it's like some people, you know, they can like be risk, like their risk profiles change when they've experienced large debt.

I always sat in that happy, not like, for me was a happy medium where,

I knew that I could stretch myself but I never wanted to stretch myself too far because I always had them that kind of voice behind in my head that's like you know just have money enough for a rainy day which is why I'm so big on like sinking funds or like so you know ensuring you have like a healthy emergency fund so yeah so long story short I bought a property

And then, yeah, and then I decided to just be a bit risky in my career and change career path.

So yeah.

Yeah, somewhere else.

A little bit more, definitely.

Properties in Melbourne were affordable back then, but obviously not compared to what you'd pay now.

So it was quite large, but I had a really great role, a really great job to service that.

So I felt quite comfortable with it.

Yeah, so I didn't realize this until I guess now being part of the buyer community that, you know, I always live below my means.

So any extra income that I had, I would put towards my,

home loan so back then my first property I had an offset account and I put a large chunk of my well I think I put nearly all my savings into that to lower my interest rates because it was my primary place of residence you know obviously now that it's not my primary place of residence it's a investment property

that whole layer is now removed.

But when I was living in the property, I would put a lot of my savings in the offset to reduce my interest repayments.

And then I also put extra per week.

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