Expert Guest - Nicole Haddow, Smashed Avo
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What inspired Nicole Haddow to write 'Smashed Avocado'?
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Welcome to the Australian Finance Podcast, a podcast for people who want to learn more about their personal finances and get the most from their money. This series is hosted by Kate Campbell from HowToMoney and Owen Rascovich from Rask Finance.
The Australian Finance Podcast is provided for educational purposes only. The information is general in nature and does not take into account your needs, goals or objectives. What that means is the information does not apply to you specifically. So consider getting the advice of a licensed and trusted professional before acting on the information. Okay, Kate, welcome to this episode of the Australian Finance Podcast.
It's good to be back and we've actually got a special guest on today.
We do indeed. Nicole Haddo, you've just penned a book on millennials and investing in Australia. So it's great to have you as part of the show and take us on a deep dive through property and your experience. Perhaps you can kick things off with just telling us what the book is, the motivation for doing it and some of the lessons learned so far.
No worries. Thanks for having me, guys. So the book is called Smashed Avocado and it's a guide for millennials and young people, not strictly millennials, anyone who wants to enter the property market for the first time.
How did Nicole overcome her financial challenges before buying her first home?
It's my story. So I moved home with my parents when I turned 30 and I had $11,000 worth of credit card debt. So I talk about how I turned it around to buy an investment property. It's also all of that nuts and bolts advice for young people who maybe are a bit bamboozled by the concept of applying for a loan, how much money you need, that sort of thing. And there's a stack of really amazing creative case studies in there as well. So really clever young people who found interesting ways to enter the market.
Yeah, great. I know Kate was recently away in New Zealand and got stuck into the book because it's only just come out, right?
Yeah, it's been out for about three weeks now.
Yeah, cool. How long did it take you to write?
Well, I wrote it pretty fast because there was a pretty strong demand for it. So I signed with my publisher in September last year and I had the first draft. I'd started the first draft earlier in the year and I'd completed it by the end of the year. And then the first half of this year was editing. Wow, that is quick. It was pretty quick.
So editing, was that the harder part, more trying part?
Yeah, editing is definitely difficult. The challenge is a lot of the information in the book is based on market movements. So every time something happened in the market, I had to check and make sure I had the most up-to-date information and obviously it's evolved even since the book's come out.
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Chapters
8 chapters
1
What inspired Nicole Haddow to write 'Smashed Avocado'?
0:00–2:39
2
How did Nicole overcome her financial challenges before buying her first home?
2:39–4:54
3
What creative strategies can young people use to enter the property market?
4:54–6:35
4
How does social life impact financial decisions for young homebuyers?
6:35–9:37
5
What is the concept of 'rentvesting' and how does it work?
9:37–12:20
6
What are the common pitfalls young buyers should avoid in the property market?
12:20–15:40
7
How can young people realistically set goals for their first home purchase?
15:40–18:34
8
What resources does Nicole recommend for first-time homebuyers?
18:34–35:11
Speakers
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